|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: OCWEN MORTGAGE LOAN ASSET BACKED CERT SERIES 1998-OFS2, 8-K, 1998-09-02 |
Next: TRIARCO INDUSTRIES INC, S-1/A, 1998-09-02 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 25, 1998
NORWEST INTEGRATED STRUCTURED ASSETS, INC.
Mortgage Pass-Through Certificates, Series 1998-1 Trust
New York (governing law of 333-17801-01 52-2107125
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way 21703
Frederick, MD (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (301) 696-7900
Former name or former address, if changed since last report)
ITEM 5. Other Events
On August 25, 1998 a distribution was made to holders of NORWEST INTEGRATED
STRUCTURED ASSETS, INC., Mortgage Pass-Through Certificates, Series 1998-1
Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-1 Trust,
relating to the August 25, 1998 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST INTEGRATED STRUCTURED ASSETS, INC.
Mortgage Pass-Through Certificates, Series 1998-1 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice president
By: Sherri J. Sharps, Vice president
Date: 8/28/98
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-1 Trust, relating to the August 25,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Integrated Structured Assets, inc.
Mortgage Pass-Through Certificates
Record Date: 7/31/98
Distribution Date: 8/25/98
NISTAR Series: 1998-1
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
I-A-1 66938DAA7 SEQ 6.75000% 28,836,227.87 162,203.78 256,906.67
I-A-PO NIS981PO1 PO 0.00000% 25,974.74 0.00 105.51
II-A-1 66938DAB5 SEQ 7.00000% 63,841,554.12 372,409.07 1,913,560.63
II-A-2 66938DAC3 SEQ 7.00000% 4,000,000.00 23,333.33 0.00
II-A-3 66938DAD1 SEQ 7.00000% 4,769,000.00 27,819.17 0.00
II-A-4 66938DAE9 SEQ 7.00000% 28,881,517.00 168,475.52 0.00
II-A-5 66938DAF6 SEQ 7.00000% 20,089,545.58 117,189.02 371,807.13
II-A-6 66938DAG4 SEQ 0.00000% 6,674,614.77 0.00 114,225.45
II-A-7 66938DAH2 SEQ 7.00000% 31,985,534.00 186,582.28 0.00
II-A-8 66938DAJ8 SEQ 7.00000% 26,647,432.53 155,443.36 798,719.24
II-A-PO NIS981PO2 PO 0.00000% 3,448.63 0.00 2.95
II-A-R 66938DAK5 R 6.75000% 0.00 0.00 0.00
B-1 66938DAL3 SUB 6.75000% 4,733,082.99 26,623.59 5,051.02
B-2 66938DAM1 SUB 6.75000% 5,441,598.48 30,608.99 5,807.12
B-3 66938DAN9 SUB 6.75000% 1,655,531.24 9,312.36 1,766.74
B-4 66938DAP4 SUB 6.75000% 947,015.76 5,326.96 1,010.63
B-5 66938DAQ2 SUB 6.75000% 473,008.93 2,660.68 504.78
B-6 66938DAR0 SUB 6.75000% 947,812.89 5,331.45 834.97
Totals 229,952,899.53 1,293,319.56 3,470,302.84
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
I-A-1 0.00 28,579,321.20 419,110.45 0.00
I-A-PO 0.00 25,869.23 105.51 0.00
II-A-1 0.00 61,927,993.49 2,285,969.70 0.00
II-A-2 0.00 4,000,000.00 23,333.33 0.00
II-A-3 0.00 4,769,000.00 27,819.17 0.00
II-A-4 0.00 28,881,517.00 168,475.52 0.00
II-A-5 0.00 19,717,738.45 488,996.15 0.00
II-A-6 0.00 6,560,389.32 114,225.45 0.00
II-A-7 0.00 31,985,534.00 186,582.28 0.00
II-A-8 0.00 25,848,713.29 954,162.60 0.00
II-A-PO 0.00 3,445.68 2.95 0.00
II-A-R 0.00 0.00 0.00 0.00
B-1 0.00 4,728,031.98 31,674.61 0.00
B-2 0.00 5,435,791.35 36,416.11 0.00
B-3 0.00 1,653,764.51 11,079.10 0.00
B-4 0.00 946,005.13 6,337.59 0.00
B-5 0.00 472,504.14 3,165.46 0.00
B-6 176.51 946,801.41 6,166.42 1,037.90
Totals 176.51 226,482,420.18 4,763,622.40 1,037.90
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
I-A-1 29,848,000.00 28,836,227.87 96,943.38 159,963.30 0.00 0.00
I-A-PO 26,177.75 25,974.74 89.07 16.44 0.00 0.00
II-A-1 67,500,000.00 63,841,554.12 79,802.89 1,833,757.74 0.00 0.00
II-A-2 4,000,000.00 4,000,000.00 0.00 0.00 0.00 0.00
II-A-3 4,769,000.00 4,769,000.00 0.00 0.00 0.00 0.00
II-A-4 28,881,517.00 28,881,517.00 0.00 0.00 0.00 0.00
II-A-5 20,800,386.00 20,089,545.58 15,505.80 356,301.33 0.00 0.00
II-A-6 6,892,997.00 6,674,614.77 4,763.64 109,461.81 0.00 0.00
II-A-7 31,985,534.00 31,985,534.00 0.00 0.00 0.00 0.00
II-A-8 28,174,466.00 26,647,432.53 33,309.68 765,409.56 0.00 0.00
II-A-PO 3,454.49 3,448.63 2.95 0.00 0.00 0.00
II-A-R 100.00 0.00 0.00 0.00 0.00 0.00
B-1 4,743,000.00 4,733,082.99 5,051.02 0.00 0.00 0.00
B-2 5,453,000.00 5,441,598.48 5,807.12 0.00 0.00 0.00
B-3 1,659,000.00 1,655,531.24 1,766.74 0.00 0.00 0.00
B-4 949,000.00 947,015.76 1,010.63 0.00 0.00 0.00
B-5 474,000.00 473,008.93 504.78 0.00 0.00 0.00
B-6 949,798.80 947,812.89 834.97 0.00 0.00 176.51
Totals 237,109,431.04 229,952,899.53 245,392.67 3,224,910.18 0.00 176.51
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
I-A-1 256,906.67 28,579,321.20 0.95749535 256,906.67
I-A-PO 105.51 25,869.23 0.98821442 105.51
II-A-1 1,913,560.63 61,927,993.49 0.91745176 1,913,560.63
II-A-2 0.00 4,000,000.00 1.00000000 0.00
II-A-3 0.00 4,769,000.00 1.00000000 0.00
II-A-4 0.00 28,881,517.00 1.00000000 0.00
II-A-5 371,807.13 19,717,738.45 0.94795060 371,807.13
II-A-6 114,225.45 6,560,389.32 0.95174702 114,225.45
II-A-7 0.00 31,985,534.00 1.00000000 0.00
II-A-8 798,719.24 25,848,713.29 0.91745176 798,719.24
II-A-PO 2.95 3,445.68 0.99744970 2.95
II-A-R 0.00 0.00 0.00000000 0.00
B-1 5,051.02 4,728,031.98 0.99684419 5,051.02
B-2 5,807.12 5,435,791.35 0.99684419 5,807.12
B-3 1,766.74 1,653,764.51 0.99684419 1,766.74
B-4 1,010.63 946,005.13 0.99684418 1,010.63
B-5 504.78 472,504.14 0.99684418 504.78
B-6 1,011.48 946,801.41 0.99684418 834.97
Totals 3,470,479.35 226,482,420.18 0.95518099 3,470,302.84
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
I-A-1 29,848,000.00 966.10251508 3.24790204 5.35926360 0.00000000
I-A-PO 26,177.75 992.24494084 3.40250785 0.62801425 0.00000000
II-A-1 67,500,000.00 945.80080178 1.18226504 27.16678133 0.00000000
II-A-2 4,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
II-A-3 4,769,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
II-A-4 28,881,517.00 1000.00000000 0.00000000 0.00000000 0.00000000
II-A-5 20,800,386.00 965.82561401 0.74545732 17.12955375 0.00000000
II-A-6 6,892,997.00 968.31824677 0.69108401 15.88014763 0.00000000
II-A-7 31,985,534.00 1000.00000000 0.00000000 0.00000000 0.00000000
II-A-8 28,174,466.00 945.80080169 1.18226482 27.16678144 0.00000000
II-A-PO 3,454.49 998.30365698 0.85396108 0.00000000 0.00000000
II-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 4,743,000.00 997.90912713 1.06494202 0.00000000 0.00000000
B-2 5,453,000.00 997.90912892 1.06494040 0.00000000 0.00000000
B-3 1,659,000.00 997.90912598 1.06494274 0.00000000 0.00000000
B-4 949,000.00 997.90912540 1.06494204 0.00000000 0.00000000
B-5 474,000.00 997.90913502 1.06493671 0.00000000 0.00000000
B-6 949,798.80 997.90912560 0.87910197 0.00000000 0.00000000
<FN>
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
I-A-1 0.00000000 8.60716530 957.49534977 0.95749535 8.60716530
I-A-PO 0.00000000 4.03052210 988.21441873 0.98821442 4.03052210
II-A-1 0.00000000 28.34904637 917.45175541 0.91745176 28.34904637
II-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
II-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
II-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
II-A-5 0.00000000 17.87501107 947.95060294 0.94795060 17.87501107
II-A-6 0.00000000 16.57123164 951.74701512 0.95174702 16.57123164
II-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
II-A-8 0.00000000 28.34904626 917.45175543 0.91745176 28.34904626
II-A-PO 0.00000000 0.85396108 997.44969590 0.99744970 0.85396108
II-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.06494202 996.84418722 0.99684419 1.06494202
B-2 0.00000000 1.06494040 996.84418669 0.99684419 1.06494040
B-3 0.00000000 1.06494274 996.84418927 0.99684419 1.06494274
B-4 0.00000000 1.06494204 996.84418335 0.99684418 1.06494204
B-5 0.00000000 1.06493671 996.84417722 0.99684418 1.06493671
B-6 0.18583936 1.06494133 996.84418426 0.99684418 0.87910197
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
I-A-1 29,848,000.00 6.75000% 28,836,227.87 162,203.78 0.00 0.00
I-A-PO 26,177.75 0.00000% 25,974.74 0.00 0.00 0.00
II-A-1 67,500,000.00 7.00000% 63,841,554.12 372,409.07 0.00 0.00
II-A-2 4,000,000.00 7.00000% 4,000,000.00 23,333.33 0.00 0.00
II-A-3 4,769,000.00 7.00000% 4,769,000.00 27,819.17 0.00 0.00
II-A-4 28,881,517.00 7.00000% 28,881,517.00 168,475.52 0.00 0.00
II-A-5 20,800,386.00 7.00000% 20,089,545.58 117,189.02 0.00 0.00
II-A-6 6,892,997.00 0.00000% 6,674,614.77 0.00 0.00 0.00
II-A-7 31,985,534.00 7.00000% 31,985,534.00 186,582.28 0.00 0.00
II-A-8 28,174,466.00 7.00000% 26,647,432.53 155,443.36 0.00 0.00
II-A-PO 3,454.49 0.00000% 3,448.63 0.00 0.00 0.00
II-A-R 100.00 6.75000% 0.00 0.00 0.00 0.00
B-1 4,743,000.00 6.75000% 4,733,082.99 26,623.59 0.00 0.00
B-2 5,453,000.00 6.75000% 5,441,598.48 30,608.99 0.00 0.00
B-3 1,659,000.00 6.75000% 1,655,531.24 9,312.36 0.00 0.00
B-4 949,000.00 6.75000% 947,015.76 5,326.96 0.00 0.00
B-5 474,000.00 6.75000% 473,008.93 2,660.68 0.00 0.00
B-6 949,798.80 6.75000% 947,812.89 5,331.45 0.00 0.00
Totals 237,109,431.04 1,293,319.56 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
I-A-1 0.00 0.00 162,203.78 0.00 28,579,321.20
I-A-PO 0.00 0.00 0.00 0.00 25,869.23
II-A-1 0.00 0.00 372,409.07 0.00 61,927,993.49
II-A-2 0.00 0.00 23,333.33 0.00 4,000,000.00
II-A-3 0.00 0.00 27,819.17 0.00 4,769,000.00
II-A-4 0.00 0.00 168,475.52 0.00 28,881,517.00
II-A-5 0.00 0.00 117,189.02 0.00 19,717,738.45
II-A-6 0.00 0.00 0.00 0.00 6,560,389.32
II-A-7 0.00 0.00 186,582.28 0.00 31,985,534.00
II-A-8 0.00 0.00 155,443.36 0.00 25,848,713.29
II-A-PO 0.00 0.00 0.00 0.00 3,445.68
II-A-R 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 26,623.59 0.00 4,728,031.98
B-2 0.00 0.00 30,608.99 0.00 5,435,791.35
B-3 0.00 0.00 9,312.36 0.00 1,653,764.51
B-4 0.00 0.00 5,326.96 0.00 946,005.13
B-5 0.00 0.00 2,660.68 0.00 472,504.14
B-6 0.00 0.00 5,331.45 0.00 946,801.41
Totals 0.00 0.00 1,293,319.56 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
I-A-1 29,848,000.00 6.75000% 966.10251508 5.43432659 0.00000000 0.00000000
I-A-PO 26,177.75 0.00000% 992.24494084 0.00000000 0.00000000 0.00000000
II-A-1 67,500,000.00 7.00000% 945.80080178 5.51717141 0.00000000 0.00000000
II-A-2 4,000,000.00 7.00000% 1000.00000000 5.83333250 0.00000000 0.00000000
II-A-3 4,769,000.00 7.00000% 1000.00000000 5.83333403 0.00000000 0.00000000
II-A-4 28,881,517.00 7.00000% 1000.00000000 5.83333348 0.00000000 0.00000000
II-A-5 20,800,386.00 7.00000% 965.82561401 5.63398295 0.00000000 0.00000000
II-A-6 6,892,997.00 0.00000% 968.31824677 0.00000000 0.00000000 0.00000000
II-A-7 31,985,534.00 7.00000% 1000.00000000 5.83333328 0.00000000 0.00000000
II-A-8 28,174,466.00 7.00000% 945.80080169 5.51717147 0.00000000 0.00000000
II-A-PO 3,454.49 0.00000% 998.30365698 0.00000000 0.00000000 0.00000000
II-A-R 100.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 4,743,000.00 6.75000% 997.90912713 5.61323846 0.00000000 0.00000000
B-2 5,453,000.00 6.75000% 997.90912892 5.61323858 0.00000000 0.00000000
B-3 1,659,000.00 6.75000% 997.90912598 5.61323689 0.00000000 0.00000000
B-4 949,000.00 6.75000% 997.90912540 5.61323498 0.00000000 0.00000000
B-5 474,000.00 6.75000% 997.90913502 5.61324895 0.00000000 0.00000000
B-6 949,798.80 6.75000% 997.90912560 5.61324146 0.00000000 0.00000000
<FN>
(5) Per $1 denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
I-A-1 0.00000000 0.00000000 5.43432659 0.00000000 957.49534977
I-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 988.21441873
II-A-1 0.00000000 0.00000000 5.51717141 0.00000000 917.45175541
II-A-2 0.00000000 0.00000000 5.83333250 0.00000000 1000.00000000
II-A-3 0.00000000 0.00000000 5.83333403 0.00000000 1000.00000000
II-A-4 0.00000000 0.00000000 5.83333348 0.00000000 1000.00000000
II-A-5 0.00000000 0.00000000 5.63398295 0.00000000 947.95060294
II-A-6 0.00000000 0.00000000 0.00000000 0.00000000 951.74701512
II-A-7 0.00000000 0.00000000 5.83333328 0.00000000 1000.00000000
II-A-8 0.00000000 0.00000000 5.51717147 0.00000000 917.45175543
II-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 997.44969590
II-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.61323846 0.00000000 996.84418722
B-2 0.00000000 0.00000000 5.61323858 0.00000000 996.84418669
B-3 0.00000000 0.00000000 5.61323689 0.00000000 996.84418927
B-4 0.00000000 0.00000000 5.61323498 0.00000000 996.84418335
B-5 0.00000000 0.00000000 5.61324895 0.00000000 996.84417722
B-6 0.00000000 0.00000000 5.61324146 0.00000000 996.84418426
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notational Notational Component Component Component
Class Rate Balance Balance Balance Balance
<S> <C> <C> <C> <C> <C> <C>
II-A-6 COMP 0.00000% 0.00 0.00 1,069,686.00 1,069,686.00 100.00000000%
II-A-6 COMP 0.00000% 0.00 0.00 5,604,928.77 5,490,703.32 94.28834077%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 56,474.62
Deposits
Payments of Interest and Principal 4,729,833.79
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 27,595.81
Realized Losses 0.00
Total Deposits 4,757,429.60
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 50,281.80
Payment of Interest and Principal 4,763,622.40
Total Withdrawals (Pool Distribution Amount) 4,813,904.20
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 906.46
Servicing Fee Support 906.46
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 47,930.96
Master Servicing Fee 3,257.31
Supported Prepayment/Curtailment Interest Shortfall 906.46
Net Servicing Fee 50,281.80
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 4 610,476.56 0.236267% 0.269547%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 1 494,659.34 0.059067% 0.218410%
REO 0 0.00 0.000000% 0.000000%
Totals 5 1,105,135.90 0.295334% 0.487957%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 176.51
Cumulative Realized Losses - Includes Interest Shortfall 1,037.90
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 323,948.89
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current Next
Original $ Original % Current $ Current % Class% Prepayment%
<S> <C> <C> <C> <C> <C> <C> <C>
Class A 14,227,798.80 6.00051999% 14,182,898.52 6.26225140% 93.736938% 0.000000%
Class B-1 9,484,798.80 4.00017779% 9,454,866.54 4.17465803% 2.087864% 33.336148%
Class B-2 4,031,798.80 1.70039580% 4,019,075.19 1.77456387% 2.400405% 38.326378%
Class B-3 2,372,798.80 1.00071886% 2,365,310.68 1.04436833% 0.730290% 11.660272%
Class B-4 1,423,798.80 0.60048172% 1,419,305.55 0.62667361% 0.417749% 6.670041%
Class B-5 949,798.80 0.40057403% 946,801.41 0.41804631% 0.208654% 3.331506%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.418100% 6.675655%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 54,852.41 0.02313380% 54,852.41 0.02421928%
Fraud 4,742,188.62 2.00000000% 4,742,188.62 2.09384402%
Special Hazard 2,371,094.31 1.00000000% 2,371,094.31 1.04692201%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 15 & 30 Year
Weighted Average Gross Coupon 8.025692%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 327
Begin Scheduled Collateral Loan Count 1,717
Number Of Loans Paid In Full 24
End Scheduled Collateral Loan Count 1,693
Begining Scheduled Collateral Balance 229,952,899.54
Ending Scheduled Collateral Balance 226,482,420.18
Ending Actual Collateral Balance at 31-Jul-1998 243,382,873.60
Ending Scheduled Balance For Norwest 224,025,298.09
Ending Scheduled Balance For Other Services 2,457,122.09
Monthly P &I Constant 1,592,787.28
Class A Optimal Amount 4,668,674.66
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 224,510,210.67
Ending scheduled Balance For discounted Loans 1,972,209.51
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 190,817,845.87
Greater Than 80%, less than or equal to 85% 2,615,590.94
Greater than 85%, less than or equal to 95% 33,086,025.04
Greater than 95% 0.00
</TABLE>
|
|