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Previous: OCWEN MORTGAGE LOAN ASSET BACKED CERT SERIES 1998-OFS2, 8-K, 1998-08-07 |
Next: GREENWICH CAP ACCEPT INC SEQU MORT TR 3 MORT LN AS BCK CERT, 8-K, 1998-08-07 |
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): July 27, 1998
NORWEST INTEGRATED STRUCTURED ASSETS, INC.
Mortgage Pass-Through Certificates, Series 1998-1 Trust
New York (governing law of 333-17801-01 PENDING
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 July 27, 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 July 27, 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: 8/3/1998
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 July 27,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Integrated Structured Assets, inc.
Mortgage Pass-Through Certificates
Record Date: 6/30/1998
Distribution Date: 7/27/1998
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% 29,645,496.06 166,755.92 809,268.19
I-A-PO NIS981PO1 PO 0.00000% 26,069.64 0.00 94.90
II-A-1 66938DAB5 SEQ 7.00000% 66,249,286.22 386,454.17 2,407,732.09
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% 20,557,370.81 119,918.00 467,825.23
II-A-6 66938DAG4 SEQ 0.00000% 6,818,338.61 0.00 143,723.84
II-A-7 66938DAH2 SEQ 7.00000% 31,985,534.00 186,582.28 0.00
II-A-8 66938DAJ8 SEQ 7.00000% 27,652,418.70 161,305.78 1,004,986.16
II-A-PO NIS981PO2 PO 0.00000% 3,451.57 0.00 2.94
II-A-R 66938DAK5 R 6.75000% 0.00 0.00 0.00
B-1 66938DAL3 SUB 6.75000% 4,738,029.24 26,651.41 4,946.24
B-2 66938DAM1 SUB 6.75000% 5,447,285.14 30,640.98 5,686.67
B-3 66938DAN9 SUB 6.75000% 1,657,261.33 9,322.10 1,730.09
B-4 66938DAP4 SUB 6.75000% 948,005.43 5,332.53 989.67
B-5 66938DAQ2 SUB 6.75000% 473,503.24 2,663.46 494.31
B-6 66938DAR0 SUB 6.75000% 948,803.39 5,337.02 817.90
Totals 234,801,370.38 1,320,591.67 4,848,298.23
</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 28,836,227.87 976,024.11 0.00
I-A-PO 0.00 25,974.74 94.90 0.00
II-A-1 0.00 63,841,554.12 2,794,186.26 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 20,089,545.58 587,743.23 0.00
II-A-6 0.00 6,674,614.77 143,723.84 0.00
II-A-7 0.00 31,985,534.00 186,582.28 0.00
II-A-8 0.00 26,647,432.53 1,166,291.94 0.00
II-A-PO 0.00 3,448.63 2.94 0.00
II-A-R 0.00 0.00 0.00 0.00
B-1 0.00 4,733,082.99 31,597.65 0.00
B-2 0.00 5,441,598.48 36,327.65 0.00
B-3 0.00 1,655,531.24 11,052.19 0.00
B-4 0.00 947,015.76 6,322.20 0.00
B-5 0.00 473,008.93 3,157.77 0.00
B-6 172.60 947,812.89 6,154.92 861.39
Totals 172.60 229,952,899.53 6,168,889.90 861.39
<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 29,645,496.06 96,475.71 712,792.49 0.00 0.00
I-A-PO 26,177.75 26,069.64 88.53 6.36 0.00 0.00
II-A-1 67,500,000.00 66,249,286.22 80,252.26 2,327,479.83 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 20,557,370.81 15,593.11 452,232.12 0.00 0.00
II-A-6 6,892,997.00 6,818,338.61 4,790.47 138,933.38 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 27,652,418.70 33,497.25 971,488.91 0.00 0.00
II-A-PO 3,454.49 3,451.57 2.94 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 4,738,029.24 4,946.24 0.00 0.00 0.00
B-2 5,453,000.00 5,447,285.14 5,686.67 0.00 0.00 0.00
B-3 1,659,000.00 1,657,261.33 1,730.09 0.00 0.00 0.00
B-4 949,000.00 948,005.43 989.67 0.00 0.00 0.00
B-5 474,000.00 473,503.24 494.31 0.00 0.00 0.00
B-6 949,798.80 948,803.39 817.90 0.00 0.00 172.60
Totals 237,109,431.04 234,801,370.38 245,365.15 4,602,933.09 0.00 172.60
<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-1 809,268.19 28,836,227.87 0.96610252 809,268.19
I-A-PO 94.90 25,974.74 0.99224494 94.90
II-A-1 2,407,732.09 63,841,554.12 0.94580080 2,407,732.09
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-5 467,825.23 20,089,545.58 0.96582561 467,825.23
II-A-6 143,723.84 6,674,614.77 0.96831825 143,723.84
II-A-7 0.00 31,985,534.00 1.00000000 0.00
II-A-8 1,004,986.16 26,647,432.53 0.94580080 1,004,986.16
II-A-PO 2.94 3,448.63 0.99830366 2.94
II-A-R 0.00 0.00 0.00000000 0.00
B-1 4,946.24 4,733,082.99 0.99790913 4,946.24
B-2 5,686.67 5,441,598.48 0.99790913 5,686.67
B-3 1,730.09 1,655,531.24 0.99790913 1,730.09
B-4 989.67 947,015.76 0.99790913 989.67
B-5 494.31 473,008.93 0.99790914 494.31
B-6 990.50 947,812.89 0.99790913 817.90
Totals 4,848,470.83 229,952,899.53 0.96981760 4,848,298.23
</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 29,848,000.00 993.21549384 3.23223365 23.88074544 0.00000000
I-A-PO 26,177.75 995.87015691 3.38187965 0.24295442 0.00000000
II-A-1 67,500,000.00 981.47090696 1.18892237 34.48118267 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 20,800,386.00 988.31679422 0.74965484 21.74152537 0.00000000
II-A-6 6,892,997.00 989.16895075 0.69497637 20.15572907 0.00000000
II-A-7 31,985,534.00 1000.00000000 0.00000000 0.00000000 0.00000000
II-A-8 28,174,466.00 981.47090703 1.18892227 34.48118271 0.00000000
II-A-PO 3,454.49 999.15472327 0.85106629 0.00000000 0.00000000
II-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 4,743,000.00 998.95197976 1.04285052 0.00000000 0.00000000
B-2 5,453,000.00 998.95197873 1.04285164 0.00000000 0.00000000
B-3 1,659,000.00 998.95197709 1.04285112 0.00000000 0.00000000
B-4 949,000.00 998.95198103 1.04285564 0.00000000 0.00000000
B-5 474,000.00 998.95198312 1.04284810 0.00000000 0.00000000
B-6 949,798.80 998.95197804 0.86112975 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 27.11297876 966.10251508 0.96610252 27.11297876
I-A-PO 0.00000000 3.62521607 992.24494084 0.99224494 3.62521607
II-A-1 0.00000000 35.67010504 945.80080178 0.94580080 35.67010504
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 22.49118021 965.82561401 0.96582561 22.49118021
II-A-6 0.00000000 20.85070398 968.31824677 0.96831825 20.85070398
II-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
II-A-8 0.00000000 35.67010498 945.80080169 0.94580080 35.67010498
II-A-PO 0.00000000 0.85106629 998.30365698 0.99830366 0.85106629
II-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.04285052 997.90912713 0.99790913 1.04285052
B-2 0.00000000 1.04285164 997.90912892 0.99790913 1.04285164
B-3 0.00000000 1.04285112 997.90912598 0.99790913 1.04285112
B-4 0.00000000 1.04285564 997.90912540 0.99790913 1.04285564
B-5 0.00000000 1.04284810 997.90913502 0.99790914 1.04284810
B-6 0.18172270 1.04285244 997.90912560 0.99790913 0.86112975
<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% 29,645,496.06 166,755.92 0.00 0.00
I-A-PO 26,177.75 0.00000% 26,069.64 0.00 0.00 0.00
II-A-1 67,500,000.00 7.00000% 66,249,286.22 386,454.17 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% 20,557,370.81 119,918.00 0.00 0.00
II-A-6 6,892,997.00 0.00000% 6,818,338.61 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% 27,652,418.70 161,305.78 0.00 0.00
II-A-PO 3,454.49 0.00000% 3,451.57 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% 4,738,029.24 26,651.41 0.00 0.00
B-2 5,453,000.00 6.75000% 5,447,285.14 30,640.98 0.00 0.00
B-3 1,659,000.00 6.75000% 1,657,261.33 9,322.10 0.00 0.00
B-4 949,000.00 6.75000% 948,005.43 5,332.53 0.00 0.00
B-5 474,000.00 6.75000% 473,503.24 2,663.46 0.00 0.00
B-6 949,798.80 6.75000% 948,803.39 5,337.02 0.00 0.00
Totals 237,109,431.04 1,320,591.67 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 0.00 166,755.92 0.00 28,836,227.87
I-A-PO 0.00 0.00 0.00 0.00 25,974.74
II-A-1 0.00 0.00 386,454.17 0.00 63,841,554.12
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 0.00 119,918.00 0.00 20,089,545.58
II-A-6 0.00 0.00 0.00 0.00 6,674,614.77
II-A-7 0.00 0.00 186,582.28 0.00 31,985,534.00
II-A-8 0.00 0.00 161,305.78 0.00 26,647,432.53
II-A-PO 0.00 0.00 0.00 0.00 3,448.63
II-A-R 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 26,651.41 0.00 4,733,082.99
B-2 0.00 0.00 30,640.98 0.00 5,441,598.48
B-3 0.00 0.00 9,322.10 0.00 1,655,531.24
B-4 0.00 0.00 5,332.53 0.00 947,015.76
B-5 0.00 0.00 2,663.46 0.00 473,008.93
B-6 0.00 0.00 5,337.02 0.00 947,812.89
Totals 0.00 0.00 1,320,591.67 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% 993.21549384 5.58683731 0.00000000 0.00000000
I-A-PO 26,177.75 0.00000% 995.87015691 0.00000000 0.00000000 0.00000000
II-A-1 67,500,000.00 7.00000% 981.47090696 5.72524696 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% 988.31679422 5.76518147 0.00000000 0.00000000
II-A-6 6,892,997.00 0.00000% 989.16895075 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% 981.47090703 5.72524711 0.00000000 0.00000000
II-A-PO 3,454.49 0.00000% 999.15472327 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% 998.95197976 5.61910394 0.00000000 0.00000000
B-2 5,453,000.00 6.75000% 998.95197873 5.61910508 0.00000000 0.00000000
B-3 1,659,000.00 6.75000% 998.95197709 5.61910790 0.00000000 0.00000000
B-4 949,000.00 6.75000% 998.95198103 5.61910432 0.00000000 0.00000000
B-5 474,000.00 6.75000% 998.95198312 5.61911392 0.00000000 0.00000000
B-6 949,798.80 6.75000% 998.95197804 5.61910586 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 5.58683731 0.00000000 966.10251508
I-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 992.24494084
II-A-1 0.00000000 0.00000000 5.72524696 0.00000000 945.80080178
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 5.76518147 0.00000000 965.82561401
II-A-6 0.00000000 0.00000000 0.00000000 0.00000000 968.31824677
II-A-7 0.00000000 0.00000000 5.83333328 0.00000000 1000.00000000
II-A-8 0.00000000 0.00000000 5.72524711 0.00000000 945.80080169
II-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 998.30365698
II-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.61910394 0.00000000 997.90912713
B-2 0.00000000 0.00000000 5.61910508 0.00000000 997.90912892
B-3 0.00000000 0.00000000 5.61910790 0.00000000 997.90912598
B-4 0.00000000 0.00000000 5.61910432 0.00000000 997.90912540
B-5 0.00000000 0.00000000 5.61911392 0.00000000 997.90913502
B-6 0.00000000 0.00000000 5.61910586 0.00000000 997.90912560
<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 5,748,652.61 5,604,928.77 96.24986146%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 59,152.45
Deposits
Payments of Interest and Principal 6,217,029.62
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 6,217,029.62
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 50,817.57
Payment of Interest and Principal 6,168,889.88
Total Withdrawals (Pool Distribution Amount) 6,219,707.45
Ending Balance 56,474.62
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,454.73
Servicing Fee Support 1,454.73
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 48,945.97
Master Servicing Fee 3,326.33
Supported Prepayment/Curtailment Interest Shortfall 1,454.73
Net Servicing Fee 50,817.57
</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 0 0.00 0.000000% 0.000000%
60 Days 3 689,156.24 0.174723% 0.299695%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 3 689,156.24 0.174723% 0.299695%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 172.60
Cumulative Realized Losses - Includes Interest Shortfall 861.39
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 273,279.64
</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% 14,198,050.29 6.17432975% 93.824880% 0.000000%
Class B-1 9,484,798.80 4.00017779% 9,464,967.30 4.11604608% 2.058547% 33.336148%
Class B-2 4,031,798.80 1.70039580% 4,023,368.82 1.74964909% 2.366700% 38.326378%
Class B-3 2,372,798.80 1.00071886% 2,367,837.58 1.02970547% 0.720036% 11.660272%
Class B-4 1,423,798.80 0.60048172% 1,420,821.82 0.61787515% 0.411883% 6.670041%
Class B-5 949,798.80 0.40057403% 947,812.89 0.41217697% 0.205725% 3.331506%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.412230% 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 0.02385376%
Fraud 4,742,188.62 2.00000000% 4,742,188.62 2.06224345%
Special Hazard 2,371,094.31 1.00000000% 2,371,094.31 1.03112173%
<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 8.028482%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 328
Begin Scheduled Collateral Loan Count 1,743
Number Of Loans Paid In Full 26
End Scheduled Collateral Loan Count 1,717
Begining Scheduled Collateral Balance 234,801,370.38
Ending Scheduled Collateral Balance 229,952,899.54
Ending Actual Collateral Balance at 30-Jun-1998 250,469,700.96
Ending Scheduled Balance For Norwest 227,490,108.66
Ending Scheduled Balance For Other Services 2,462,790.88
Monthly P &I Constant 1,623,941.09
Class A Optimal Amount 6,074,179.70
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 227,970,821.88
Ending scheduled Balance For discounted Loans 1,982,077.66
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 194,006,633.95
Greater Than 80%, less than or equal to 85% 2,618,332.95
Greater than 85%, less than or equal to 95% 33,352,430.30
Greater than 95% 0.00
</TABLE>
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