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Previous: STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SERIES 1998-6, 8-K, 1999-01-08 |
Next: NORWEST ASSET SECURITIES CORP MOR PAS TH CERT SER 1998-13 TR, 8-K, 1999-01-08 |
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): December 28, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-12 Trust
New York (governing law of 333-45021-12 52-2106316
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, Maryland (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On December 28, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-12
Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
Monthly report distributed to holders of
EX-99.1 Mortgage Pass-Through Certificates, Series
1998-12 Trust, relating to the December 28,
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 ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-12 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 12/29/1998
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-12 Trust, relating to the December
28, 1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 11/30/1998
Distribution Date: 12/28/1998
NASCOR Series: 1998-12
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>
A-1 66937NP44 SEQ 6.75000% 37,244,181.08 209,498.52 653,322.92
A-2 66937NP51 SEQ 6.75000% 21,569,618.66 121,329.10 813,243.29
A-3 66937NP69 SEQ 6.75000% 233,887,696.48 1,315,618.29 6,190,464.96
A-4 66937NP77 SEQ 6.75000% 109,240,294.82 614,476.66 2,759,434.34
A-5 66937NP85 SEQ 6.75000% 45,516,672.13 256,031.28 1,062,866.17
A-6 66937NP93 SEQ 6.75000% 55,564,047.50 312,547.77 1,051,634.85
A-7 66937NQ27 SEQ 6.75000% 10,625,000.00 59,765.62 0.00
A-8 66937NQ35 SEQ 6.75000% 7,740,000.00 43,537.50 0.00
A-9 66937NQ43 SEQ 6.75000% 84,254,000.00 473,928.75 0.00
A-10 66937NQ50 SEQ 6.75000% 32,915,160.00 185,147.77 0.00
A-11 66937NQ68 SEQ 6.75000% 75,800,000.00 426,375.00 0.00
A-R 66937NQ76 R 6.75000% 0.00 0.00 0.00
APO NMB9812PO PO 0.00000% 582,993.92 0.00 627.68
B-1 66937NQ84 SUB 6.75000% 12,750,977.79 71,724.25 10,256.06
B-2 66937NQ92 SUB 6.75000% 10,359,236.34 58,270.70 8,332.30
B-3 66937NR26 SUB 6.75000% 3,586,119.19 20,171.92 2,884.44
B-4 66937NT32 SUB 6.75000% 2,389,750.81 13,442.35 1,922.16
B-5 66937NT40 SUB 6.75000% 1,594,494.29 8,969.03 1,282.51
B-6 66937NT57 SUB 6.75000% 1,992,407.88 11,207.29 1,423.00
Totals 747,612,650.89 4,202,041.80 12,557,694.68
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A-1 0.00 36,590,858.16 862,821.44 0.00
A-2 0.00 20,756,375.37 934,572.39 0.00
A-3 0.00 227,697,231.52 7,506,083.25 0.00
A-4 0.00 106,480,860.48 3,373,911.00 0.00
A-5 0.00 44,453,805.96 1,318,897.45 0.00
A-6 0.00 54,512,412.65 1,364,182.62 0.00
A-7 0.00 10,625,000.00 59,765.62 0.00
A-8 0.00 7,740,000.00 43,537.50 0.00
A-9 0.00 84,254,000.00 473,928.75 0.00
A-10 0.00 32,915,160.00 185,147.77 0.00
A-11 0.00 75,800,000.00 426,375.00 0.00
A-R 0.00 0.00 0.00 0.00
APO 0.00 582,366.23 627.68 0.00
B-1 0.00 12,740,721.72 81,980.31 0.00
B-2 0.00 10,350,904.04 66,603.00 0.00
B-3 0.00 3,583,234.75 23,056.36 0.00
B-4 0.00 2,387,828.65 15,364.51 0.00
B-5 0.00 1,593,211.79 10,251.54 0.00
B-6 179.56 1,990,805.32 12,630.29 1,710.70
Totals 179.56 735,054,776.64 16,759,736.48 1,710.70
<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>
A-1 40,000,000.00 37,244,181.08 29,956.82 623,366.10 0.00 0.00
A-2 25,000,000.00 21,569,618.66 37,289.65 775,953.64 0.00 0.00
A-3 260,000,000.00 233,887,696.48 283,851.41 5,906,613.55 0.00 0.00
A-4 120,880,000.00 109,240,294.82 126,528.35 2,632,905.99 0.00 0.00
A-5 50,000,000.00 45,516,672.13 48,735.61 1,014,130.57 0.00 0.00
A-6 60,000,000.00 55,564,047.50 48,220.62 1,003,414.24 0.00 0.00
A-7 10,625,000.00 10,625,000.00 0.00 0.00 0.00 0.00
A-8 7,740,000.00 7,740,000.00 0.00 0.00 0.00 0.00
A-9 84,254,000.00 84,254,000.00 0.00 0.00 0.00 0.00
A-10 32,915,160.00 32,915,160.00 0.00 0.00 0.00 0.00
A-11 75,800,000.00 75,800,000.00 0.00 0.00 0.00 0.00
A-R 100.00 0.00 0.00 0.00 0.00 0.00
APO 589,739.45 582,993.92 544.35 83.33 0.00 0.00
B-1 12,811,000.00 12,750,977.79 10,256.06 0.00 0.00 0.00
B-2 10,408,000.00 10,359,236.34 8,332.30 0.00 0.00 0.00
B-3 3,603,000.00 3,586,119.19 2,884.44 0.00 0.00 0.00
B-4 2,401,000.00 2,389,750.81 1,922.16 0.00 0.00 0.00
B-5 1,602,000.00 1,594,494.29 1,282.51 0.00 0.00 0.00
B-6 2,001,786.63 1,992,407.88 1,423.00 0.00 0.00 179.56
Totals 800,630,786.08 747,612,650.89 601,227.28 11,956,467.42 0.00 179.56
<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>
A-1 653,322.92 36,590,858.16 0.91477145 653,322.92
A-2 813,243.29 20,756,375.37 0.83025501 813,243.29
A-3 6,190,464.96 227,697,231.52 0.87575858 6,190,464.96
A-4 2,759,434.34 106,480,860.48 0.88088071 2,759,434.34
A-5 1,062,866.17 44,453,805.96 0.88907612 1,062,866.17
A-6 1,051,634.85 54,512,412.65 0.90854021 1,051,634.85
A-7 0.00 10,625,000.00 1.00000000 0.00
A-8 0.00 7,740,000.00 1.00000000 0.00
A-9 0.00 84,254,000.00 1.00000000 0.00
A-10 0.00 32,915,160.00 1.00000000 0.00
A-11 0.00 75,800,000.00 1.00000000 0.00
A-R 0.00 0.00 0.00000000 0.00
APO 627.68 582,366.23 0.98749750 627.68
B-1 10,256.06 12,740,721.72 0.99451422 10,256.06
B-2 8,332.30 10,350,904.04 0.99451422 8,332.30
B-3 2,884.44 3,583,234.75 0.99451422 2,884.44
B-4 1,922.16 2,387,828.65 0.99451422 1,922.16
B-5 1,282.51 1,593,211.79 0.99451423 1,282.51
B-6 1,602.56 1,990,805.32 0.99451425 1,423.00
Totals 12,557,874.24 735,054,776.64 0.91809457 12,557,694.68
</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>
A-1 40,000,000.00 931.10452700 0.74892050 15.58415250 0.00000000
A-2 25,000,000.00 862.78474640 1.49158600 31.03814560 0.00000000
A-3 260,000,000.00 899.56806338 1.09173619 22.71774442 0.00000000
A-4 120,880,000.00 903.70859381 1.04672692 21.78115478 0.00000000
A-5 50,000,000.00 910.33344260 0.97471220 20.28261140 0.00000000
A-6 60,000,000.00 926.06745833 0.80367700 16.72357067 0.00000000
A-7 10,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 7,740,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-9 84,254,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-10 32,915,160.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-11 75,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
APO 589,739.45 988.56184710 0.92303474 0.14129969 0.00000000
B-1 12,811,000.00 995.31479120 0.80056670 0.00000000 0.00000000
B-2 10,408,000.00 995.31479055 0.80056687 0.00000000 0.00000000
B-3 3,603,000.00 995.31479045 0.80056619 0.00000000 0.00000000
B-4 2,401,000.00 995.31478967 0.80056643 0.00000000 0.00000000
B-5 1,602,000.00 995.31478777 0.80056804 0.00000000 0.00000000
B-6 2,001,786.63 995.31481035 0.71086497 0.00000000 0.00000000
<FN>
(2)Per $1,000 Denomination, except Class A-R, which is Per $100 Denomination.
</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>
A-1 0.00000000 16.33307300 914.77145400 0.91477145 16.33307300
A-2 0.00000000 32.52973160 830.25501480 0.83025501 32.52973160
A-3 0.00000000 23.80948062 875.75858277 0.87575858 23.80948062
A-4 0.00000000 22.82788170 880.88071211 0.88088071 22.82788170
A-5 0.00000000 21.25732340 889.07611920 0.88907612 21.25732340
A-6 0.00000000 17.52724750 908.54021083 0.90854021 17.52724750
A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
APO 0.00000000 1.06433443 987.49749572 0.98749750 1.06433443
B-1 0.00000000 0.80056670 994.51422371 0.99451422 0.80056670
B-2 0.00000000 0.80056687 994.51422367 0.99451422 0.80056687
B-3 0.00000000 0.80056619 994.51422426 0.99451422 0.80056619
B-4 0.00000000 0.80056643 994.51422324 0.99451422 0.80056643
B-5 0.00000000 0.80056804 994.51422597 0.99451423 0.80056804
B-6 0.08969987 0.80056484 994.51424551 0.99451425 0.71086497
<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>
A-1 40,000,000.00 6.75000% 37,244,181.08 209,498.52 0.00 0.00
A-2 25,000,000.00 6.75000% 21,569,618.66 121,329.10 0.00 0.00
A-3 260,000,000.00 6.75000% 233,887,696.48 1,315,618.29 0.00 0.00
A-4 120,880,000.00 6.75000% 109,240,294.82 614,476.66 0.00 0.00
A-5 50,000,000.00 6.75000% 45,516,672.13 256,031.28 0.00 0.00
A-6 60,000,000.00 6.75000% 55,564,047.50 312,547.77 0.00 0.00
A-7 10,625,000.00 6.75000% 10,625,000.00 59,765.62 0.00 0.00
A-8 7,740,000.00 6.75000% 7,740,000.00 43,537.50 0.00 0.00
A-9 84,254,000.00 6.75000% 84,254,000.00 473,928.75 0.00 0.00
A-10 32,915,160.00 6.75000% 32,915,160.00 185,147.77 0.00 0.00
A-11 75,800,000.00 6.75000% 75,800,000.00 426,375.00 0.00 0.00
A-R 100.00 6.75000% 0.00 0.00 0.00 0.00
APO 589,739.45 0.00000% 582,993.92 0.00 0.00 0.00
B-1 12,811,000.00 6.75000% 12,750,977.79 71,724.25 0.00 0.00
B-2 10,408,000.00 6.75000% 10,359,236.34 58,270.70 0.00 0.00
B-3 3,603,000.00 6.75000% 3,586,119.19 20,171.92 0.00 0.00
B-4 2,401,000.00 6.75000% 2,389,750.81 13,442.35 0.00 0.00
B-5 1,602,000.00 6.75000% 1,594,494.29 8,969.03 0.00 0.00
B-6 2,001,786.63 6.75000% 1,992,407.88 11,207.29 0.00 0.00
Totals 800,630,786.08 4,202,041.80 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>
A-1 0.00 0.00 209,498.52 0.00 36,590,858.16
A-2 0.00 0.00 121,329.10 0.00 20,756,375.37
A-3 0.00 0.00 1,315,618.29 0.00 227,697,231.52
A-4 0.00 0.00 614,476.66 0.00 106,480,860.48
A-5 0.00 0.00 256,031.28 0.00 44,453,805.96
A-6 0.00 0.00 312,547.77 0.00 54,512,412.65
A-7 0.00 0.00 59,765.62 0.00 10,625,000.00
A-8 0.00 0.00 43,537.50 0.00 7,740,000.00
A-9 0.00 0.00 473,928.75 0.00 84,254,000.00
A-10 0.00 0.00 185,147.77 0.00 32,915,160.00
A-11 0.00 0.00 426,375.00 0.00 75,800,000.00
A-R 0.00 0.00 0.00 0.00 0.00
APO 0.00 0.00 0.00 0.00 582,366.23
B-1 0.00 0.00 71,724.25 0.00 12,740,721.72
B-2 0.00 0.00 58,270.70 0.00 10,350,904.04
B-3 0.00 0.00 20,171.92 0.00 3,583,234.75
B-4 0.00 0.00 13,442.35 0.00 2,387,828.65
B-5 0.00 0.00 8,969.03 0.00 1,593,211.79
B-6 0.00 0.00 11,207.29 0.00 1,990,805.32
Totals 0.00 0.00 4,202,041.80 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>
A-1 40,000,000.00 6.75000% 931.10452700 5.23746300 0.00000000 0.00000000
A-2 25,000,000.00 6.75000% 862.78474640 4.85316400 0.00000000 0.00000000
A-3 260,000,000.00 6.75000% 899.56806338 5.06007035 0.00000000 0.00000000
A-4 120,880,000.00 6.75000% 903.70859381 5.08336085 0.00000000 0.00000000
A-5 50,000,000.00 6.75000% 910.33344260 5.12062560 0.00000000 0.00000000
A-6 60,000,000.00 6.75000% 926.06745833 5.20912950 0.00000000 0.00000000
A-7 10,625,000.00 6.75000% 1000.00000000 5.62499953 0.00000000 0.00000000
A-8 7,740,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-9 84,254,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-10 32,915,160.00 6.75000% 1000.00000000 5.62499985 0.00000000 0.00000000
A-11 75,800,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-R 100.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
APO 589,739.45 0.00000% 988.56184710 0.00000000 0.00000000 0.00000000
B-1 12,811,000.00 6.75000% 995.31479120 5.59864570 0.00000000 0.00000000
B-2 10,408,000.00 6.75000% 995.31479055 5.59864527 0.00000000 0.00000000
B-3 3,603,000.00 6.75000% 995.31479045 5.59864557 0.00000000 0.00000000
B-4 2,401,000.00 6.75000% 995.31478967 5.59864640 0.00000000 0.00000000
B-5 1,602,000.00 6.75000% 995.31478777 5.59864544 0.00000000 0.00000000
B-6 2,001,786.63 6.75000% 995.31481035 5.59864365 0.00000000 0.00000000
<FN>
(5)Per $1,000 Denomination, except Class A-R, which is Per $100 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>
A-1 0.00000000 0.00000000 5.23746300 0.00000000 914.77145400
A-2 0.00000000 0.00000000 4.85316400 0.00000000 830.25501480
A-3 0.00000000 0.00000000 5.06007035 0.00000000 875.75858277
A-4 0.00000000 0.00000000 5.08336085 0.00000000 880.88071211
A-5 0.00000000 0.00000000 5.12062560 0.00000000 889.07611920
A-6 0.00000000 0.00000000 5.20912950 0.00000000 908.54021083
A-7 0.00000000 0.00000000 5.62499953 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-9 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-10 0.00000000 0.00000000 5.62499985 0.00000000 1000.00000000
A-11 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
APO 0.00000000 0.00000000 0.00000000 0.00000000 987.49749572
B-1 0.00000000 0.00000000 5.59864570 0.00000000 994.51422371
B-2 0.00000000 0.00000000 5.59864527 0.00000000 994.51422367
B-3 0.00000000 0.00000000 5.59864557 0.00000000 994.51422426
B-4 0.00000000 0.00000000 5.59864640 0.00000000 994.51422324
B-5 0.00000000 0.00000000 5.59864544 0.00000000 994.51422597
B-6 0.00000000 0.00000000 5.59864365 0.00000000 994.51424551
<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>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 16,983,177.82
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 16,983,177.82
Withdrawals
Reimbursement for Servicer Advances 67,482.20
Payment of Service Fee 151,521.60
Payment of Interest and Principal 16,759,736.52
Total Withdrawals (Pool Distribution Amount) 16,978,740.32
Ending Balance 4,437.49
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 16,308.11
Servicing Fee Support 16,308.11
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 157,238.61
Master Servicing Fee 10,591.12
Supported Prepayment/Curtailment Interest Shortfall 16,308.11
Net Servicing Fee 151,521.61
</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 13 4,679,773.81 0.569177% 0.636656%
60 Days 0 0.00 0.000000% 0.000000%
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 13 4,679,773.81 0.569177% 0.636656%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 179.56
Cumulative Realized Losses - Includes Interest Shortfall 1,710.70
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,087,175.36
</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 32,826,786.63 4.10011546% 32,646,706.27 4.44139774% 95.555081% 100.000000%
Class B-1 20,015,786.63 2.50000212% 19,905,984.55 2.70809539% 1.734677% 0.000000%
Class B-2 9,607,786.63 1.20002713% 9,555,080.51 1.29991408% 1.409298% 0.000000%
Class B-3 6,004,786.63 0.75000696% 5,971,845.76 0.81243547% 0.487865% 0.000000%
Class B-4 3,603,786.63 0.45011842% 3,584,017.11 0.48758504% 0.325108% 0.000000%
Class B-5 2,001,786.63 0.25002619% 1,990,805.32 0.27083768% 0.216919% 0.000000%
Class B-6 0.00000000% 0.00000000% 0.00000000% 0.0000000% 0.271052% 0.000000%
<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 100,000.00 0.01249015% 100,000.00 0.01360443%
Fraud 3,506,362.62 0.43795001% 3,506,362.62 0.47702059%
Special Hazard 1,993,893.18 0.24904028% 1,993,893.18 0.27125777%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 7.452994%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 350
Begin Scheduled Collateral Loan Count 2,316
Number Of Loans Paid In Full 32
End Scheduled Collateral Loan Count 2,284
Begining Scheduled Collateral Balance 747,612,650.89
Ending Scheduled Collateral Balance 735,054,776.63
Ending Actual Collateral Balance at 30-Nov-1998 738,098,091.18
Ending Scheduled Balance For Norwest 605,489,050.36
Ending Scheduled Balance For Other Services 129,565,726.27
Monthly P &I Constant 4,979,135.81
Class A Optimal Amount 16,549,222.81
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 682,204,881.29
Ending scheduled Balance For discounted Loans 52,849,895.34
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 647,607,455.22
Greater Than 80%, less than or equal to 85% 12,368,571.80
Greater than 85%, less than or equal to 95% 74,321,650.00
Greater than 95% 872,238.16
</TABLE>
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