STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SERIES 1998-8
8-K, 1998-11-09
ASSET-BACKED SECURITIES
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				  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):  October 26, 1998
					
		     STRUCTURED ASSET SECURITIES CORPORATION
	     Mortgage Pass-Through Certificates, Series 1998-8 Trust


New York (governing law of          333-47499-04   52-2119315   52-2119319
Pooling and Servicing Agreement)    (Commission    52-2119317   52-2119321
(State or other                     File Number)   IRS EIN
jurisdiction

							     
	c/o Norwest Bank Minnesota, N.A.                    
	11000 Broken Land Parkway                            21044
	Columbia, MD                                        (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 October 26, 1998 a distribution was made to holders of STRUCTURED ASSET 
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-8 
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 1998-8 Trust, 
			    relating to the October 26, 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.



		      STRUCTURED ASSET SECURITIES CORPORATION
	      Mortgage Pass-Through Certificates, Series 1998-8 Trust

	      By:   The Chase Manhattan Bank, as Trustee
	      By:   /s/ Kimberly Kosta, Vice president
	      By:   Kimberly Kosta, Vice president
	      Date: 11/4/98


				INDEX TO EXHIBITS
	       
Exhibit Number                   Description
					 
EX-99.1        Monthly report distributed to holders of Mortgage Pass-Through 
	       Certificates, Series 1998-8 Trust, relating to the October 26, 
	       1998 distribution. 
		





<TABLE>
<CAPTION>
Structured Asset Securities Corporation 
Mortgage Pass-Through Certificates
Record Date:            9/30/98
Distribution Date:     10/26/98


SASC  Series: 1998-8
Contact: Customer Service - Columbia,  MD
	 Norwest Bank Minnesota, N.A.
	 Securities Administration Services
	 11000 Broken Land Parkway
	 Columbia, MD 21044
	 Telephone: (301) 815-6600
	 Fax:       (410) 884-2369


					     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        863572US0         SEQ          5.74375%    424,901,251.63    2,101,564.44   18,694,549.68
    A-2        863572UT8         SEQ          5.84375%     92,000,000.00      462,954.84            0.00
    A-3        863572UX9         SEQ          5.85375%    292,000,000.00    1,471,892.84            0.00
    M-1        863572UU5         SUB          6.06375%     74,076,000.00      386,792.44            0.00
    M-2        863572UV3         SUB          6.19375%     44,248,000.00      235,997.00            0.00
     B         863572UW1         SUB          6.89375%     29,215,000.00      173,428.55            0.00
    X-1        SAC98O8X1       EXCESS         0.00000%              0.00            0.00            0.00
    X-2        SAC9808X2       EXCESS         0.00000%              0.00            0.18            0.00
    X-3        SAC9808X3       EXCESS         0.00000%              0.00            0.06            0.00
    X-4        SAC9808X4       EXCESS         0.00000%              0.00            0.00            0.00
    Y-1        SAC98O8Y1         SEQ          0.00000%              0.00      652,284.77            0.00
    Y-2        SAC9808Y2         SEQ          0.00000%              0.00      661,297.63            0.00
    Y-3        SAC9808Y3         SEQ          0.00000%              0.00      661,714.89            0.00
    Y-4        SAC9808Y4         SEQ          0.00000%              0.00      634,823.59            0.00
     PR        SAC9808PR         RES          0.00000%              0.00            0.00            0.00
    R-I        SAC9808R1         RES          0.00000%              0.00            0.00            0.00
    R-II       SAC9808R2         RES          0.00000%              0.00            0.00            0.00
   R-III       SAC9808R3         RES          0.00000%              0.00            0.00            0.00
    R-IV       SAC9808R4         RES          0.00000%              0.00            0.00            0.00
Totals                                                    956,440,251.63    7,442,751.23   18,694,549.68
</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         406,206,701.95            20,796,114.12                      0.00
A-2                            0.00          92,000,000.00               462,954.84                      0.00
A-3                            0.00         292,000,000.00             1,471,892.84                      0.00
M-1                            0.00          74,076,000.00               386,792.44                      0.00
M-2                            0.00          44,248,000.00               235,997.00                      0.00
B                              0.00          29,215,000.00               173,428.55                      0.00
X-1                            0.00                   0.00                     0.00                      0.00
X-2                            0.00                   0.00                     0.18                      0.00
X-3                            0.00                   0.00                     0.06                      0.00
X-4                            0.00                   0.00                     0.00                      0.00
Y-1                            0.00                   0.00               652,284.77                      0.00
Y-2                            0.00                   0.00               661,297.63                      0.00
Y-3                            0.00                   0.00               661,714.89                      0.00
Y-4                            0.00                   0.00               634,823.59                      0.00
PR                             0.00                   0.00                     0.00                      0.00
R-I                            0.00                   0.00                     0.00                      0.00
R-II                           0.00                   0.00                     0.00                      0.00
R-III                          0.00                   0.00                     0.00                      0.00
R-IV                           0.00                   0.00                     0.00                      0.00
Totals                         0.00         937,745,701.95            26,137,300.91                      0.00
<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                 451,000,000.00     424,901,251.63        598,568.57    18,095,981.11           0.00            0.00
A-2                  92,000,000.00      92,000,000.00              0.00             0.00           0.00            0.00
A-3                 292,000,000.00     292,000,000.00              0.00             0.00           0.00            0.00
M-1                  74,076,000.00      74,076,000.00              0.00             0.00           0.00            0.00
M-2                  44,248,000.00      44,248,000.00              0.00             0.00           0.00            0.00
B                    29,215,000.00      29,215,000.00              0.00             0.00           0.00            0.00
X-1                           0.00               0.00              0.00             0.00           0.00            0.00
X-2                           0.00               0.00              0.00             0.00           0.00            0.00
X-3                           0.00               0.00              0.00             0.00           0.00            0.00
X-4                           0.00               0.00              0.00             0.00           0.00            0.00
Y-1                           0.00               0.00              0.00             0.00           0.00            0.00
Y-2                           0.00               0.00              0.00             0.00           0.00            0.00
Y-3                           0.00               0.00              0.00             0.00           0.00            0.00
Y-4                           0.00               0.00              0.00             0.00           0.00            0.00
PR                            0.00               0.00              0.00             0.00           0.00            0.00
			      0.00               0.00              0.00             0.00           0.00            0.00
R-I                           0.00               0.00              0.00             0.00           0.00            0.00
			      0.00               0.00              0.00             0.00           0.00            0.00
R-II                          0.00               0.00              0.00             0.00           0.00            0.00
			      0.00               0.00              0.00             0.00           0.00            0.00
R-III                         0.00               0.00              0.00             0.00           0.00            0.00
			      0.00               0.00              0.00             0.00           0.00            0.00
R-IV                          0.00               0.00              0.00             0.00           0.00            0.00
			      0.00               0.00              0.00             0.00           0.00            0.00
Totals              982,539,000.00     956,440,251.63        598,568.57    18,095,981.11            0.00           0.00
<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                          18,694,549.68        406,206,701.95           0.90068005     18,694,549.68
A-2                                   0.00         92,000,000.00           1.00000000              0.00
A-3                                   0.00        292,000,000.00           1.00000000              0.00
M-1                                   0.00         74,076,000.00           1.00000000              0.00
M-2                                   0.00         44,248,000.00           1.00000000              0.00
B                                     0.00         29,215,000.00           1.00000000              0.00
X-1                                   0.00                  0.00           0.00000000              0.00
X-2                                   0.00                  0.00           0.00000000              0.00
X-3                                   0.00                  0.00           0.00000000              0.00
X-4                                   0.00                  0.00           0.00000000              0.00
Y-1                                   0.00                  0.00           0.00000000              0.00
Y-2                                   0.00                  0.00           0.00000000              0.00
Y-3                                   0.00                  0.00           0.00000000              0.00
Y-4                                   0.00                  0.00           0.00000000              0.00
PR                                    0.00                  0.00           0.00000000              0.00
PR                                    0.00                  0.00           0.00000000              0.00
R-I                                   0.00                  0.00           0.00000000              0.00
R-I                                   0.00                  0.00           0.00000000              0.00
R-II                                  0.00                  0.00           0.00000000              0.00
R-II                                  0.00                  0.00           0.00000000              0.00
R-III                                 0.00                  0.00           0.00000000              0.00
R-III                                 0.00                  0.00           0.00000000              0.00
R-IV                                  0.00                  0.00           0.00000000              0.00
R-IV                                  0.00                  0.00           0.00000000              0.00
Totals                       18,694,549.68        937,745,701.95           0.95441067     18,694,549.68
</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                   451,000,000.00        942.13137834         1.32720304         40.12412663        0.00000000
A-2                    92,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-3                   292,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
M-1                    74,076,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
M-2                    44,248,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
B                      29,215,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
X-1                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
X-2                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
X-3                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
X-4                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
Y-1                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
Y-2                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
Y-3                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
Y-4                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
PR                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-I                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-II                            0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-III                           0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-IV                            0.00          0.00000000         0.00000000          0.00000000        0.00000000
<FN>
(2) All Classes are Per $1000 Denominations.
</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         41.45132967            900.68004867          0.90068005        41.45132967
A-2                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
M-1                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
M-2                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B                       0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
X-1                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
X-2                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
X-3                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
X-4                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
Y-1                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
Y-2                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
Y-3                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
Y-4                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
PR                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-I                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-II                    0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-III                   0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-IV                    0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
<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               451,000,000.00        5.74375%     424,901,251.63        2,101,564.54           0.00             0.00
A-2                92,000,000.00        5.84375%      92,000,000.00          462,954.86           0.00             0.00
A-3               292,000,000.00        5.85375%     292,000,000.00        1,471,892.92           0.00             0.00
M-1                74,076,000.00        6.06375%      74,076,000.00          386,792.46           0.00             0.00
M-2                44,248,000.00        6.19375%      44,248,000.00          235,997.02           0.00             0.00
B                  29,215,000.00        6.89375%      29,215,000.00          173,428.56           0.00             0.00
X-1                         0.00        0.00000%               0.00                0.00           0.00             0.00
X-2                         0.00        0.00000%               0.00                0.00           0.00             0.00
X-3                         0.00        0.00000%               0.00                0.00           0.00             0.00
X-4                         0.00        0.00000%               0.00                0.00           0.00             0.00
Y-1                         0.00        0.00000%               0.00                0.00           0.00             0.00
Y-2                         0.00        0.00000%               0.00                0.00           0.00             0.00
Y-3                         0.00        0.00000%               0.00                0.00           0.00             0.00
Y-4                         0.00        0.00000%               0.00                0.00           0.00             0.00
PR                          0.00        0.00000%               0.00                0.00           0.00             0.00
R-I                         0.00        0.00000%               0.00                0.00           0.00             0.00
R-II                        0.00        0.00000%               0.00                0.00           0.00             0.00
R-III                       0.00        0.00000%               0.00                0.00           0.00             0.00
R-IV                        0.00        0.00000%               0.00                0.00           0.00             0.00
Totals            982,539,000.00                                           4,832,630.36           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                            0.11                0.00         2,101,564.44                0.00     406,206,701.95
 A-2                            0.02                0.00           462,954.84                0.00      92,000,000.00
 A-3                            0.07                0.00         1,471,892.84                0.00     292,000,000.00
 M-1                            0.02                0.00           386,792.44                0.00      74,076,000.00
 M-2                            0.01                0.00           235,997.00                0.00      44,248,000.00
 B                              0.01                0.00           173,428.55                0.00      29,215,000.00
 X-1                            0.00                0.00                 0.00                0.00               0.00
 X-2                            0.00                0.00                 0.18                0.00               0.00
 X-3                            0.00                0.00                 0.06                0.00               0.00
 X-4                            0.00                0.00                 0.00                0.00               0.00
 Y-1                            0.00                0.00           652,284.77                0.00               0.00
 Y-2                            0.00                0.00           661,297.63                0.00               0.00
 Y-3                            0.00                0.00           661,714.89                0.00               0.00
 Y-4                            0.00                0.00           634,823.59                0.00               0.00
 PR                             0.00                0.00                 0.00                0.00               0.00
 R-I                            0.00                0.00                 0.00                0.00               0.00
 R-II                           0.00                0.00                 0.00                0.00               0.00
 R-III                          0.00                0.00                 0.00                0.00               0.00
 R-IV                           0.00                0.00                 0.00                0.00               0.00
 Totals                         0.24                0.00         7,442,751.23                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                 451,000,000.00        5.74375%         942.13137834        4.65978834        0.00000000        0.00000000
A-2                  92,000,000.00        5.84375%        1000.00000000        5.03211804        0.00000000        0.00000000
A-3                 292,000,000.00        5.85375%        1000.00000000        5.04072918        0.00000000        0.00000000
M-1                  74,076,000.00        6.06375%        1000.00000000        5.22156245        0.00000000        0.00000000
M-2                  44,248,000.00        6.19375%        1000.00000000        5.33350705        0.00000000        0.00000000
B                    29,215,000.00        6.89375%        1000.00000000        5.93628479        0.00000000        0.00000000
X-1                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
X-2                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
X-3                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
X-4                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
Y-1                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
Y-2                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
Y-3                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
Y-4                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
PR                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-I                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-II                          0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-III                         0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-IV                          0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
<FN>
(5) All Classes are Per $1000 Denominations.

</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                   0.00000024        0.00000000         4.65978812          0.00000000          900.68004867
A-2                   0.00000022        0.00000000         5.03211783          0.00000000         1000.00000000
A-3                   0.00000024        0.00000000         5.04072890          0.00000000         1000.00000000
M-1                   0.00000027        0.00000000         5.22156218          0.00000000         1000.00000000
M-2                   0.00000023        0.00000000         5.33350660          0.00000000         1000.00000000
B                     0.00000034        0.00000000         5.93628444          0.00000000         1000.00000000
X-1                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
X-2                   0.00000000        0.00000000     45000.00000000          0.00000000            0.00000000
X-3                   0.00000000        0.00000000     15000.00000000          0.00000000            0.00000000
X-4                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
Y-1                   0.00000000        0.00000000   163071192500.000          0.00000000            0.00000000
Y-2                   0.00000000        0.00000000   165324407500.000          0.00000000            0.00000000
Y-3                   0.00000000        0.00000000   165428722500.000          0.00000000            0.00000000
Y-4                   0.00000000        0.00000000   158705897500.000          0.00000000            0.00000000
PR                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-I                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-II                  0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-III                 0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-IV                  0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
<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          Percentage
<S>             <C>             <C>               <C>               <C>               <C>               <C>
     A-1 1              5.74375%             0.00               0.00   105,539,079.37     100,625,784.14     90.05981692%
     A-1 2              5.74375%             0.00               0.00   106,876,908.90     101,305,061.79     88.70035621%
     A-1 3              5.74375%             0.00               0.00   108,104,535.15     104,336,487.09     91.65884838%
     A-1 4              5.74375%             0.00               0.00   104,380,728.21      99,939,368.93     89.85246879%
     A-2 1              5.84375%             0.00               0.00    22,792,371.00      22,792,371.00    100.00000000%
     A-2 2              5.84375%             0.00               0.00    23,297,916.00      23,297,916.00    100.00000000%
     A-2 3              5.84375%             0.00               0.00    23,220,582.00      23,220,582.00    100.00000000%
     A-2 4              5.84375%             0.00               0.00    22,689,131.00      22,689,131.00    100.00000000%
     A-3 1              5.85375%             0.00               0.00    72,341,003.00      72,341,003.00    100.00000000%
     A-3 2              5.85375%             0.00               0.00    73,945,558.00      73,945,558.00    100.00000000%
     A-3 3              5.85375%             0.00               0.00    73,700,108.00      73,700,108.00    100.00000000%
     A-3 4              5.85375%             0.00               0.00    72,013,331.00      72,013,331.00    100.00000000%
     M-1 1              6.06375%             0.00               0.00    18,351,822.00      18,351,822.00    100.00000000%
     M-1 2              6.06375%             0.00               0.00    18,758,874.00      18,758,874.00    100.00000000%
     M-1 3              6.06375%             0.00               0.00    18,696,607.00      18,696,607.00    100.00000000%
     M-1 4              6.06375%             0.00               0.00    18,268,697.00      18,268,697.00    100.00000000%
     M-2 1              6.19375%             0.00               0.00    10,962,140.00      10,962,140.00    100.00000000%
     M-2 2              6.19375%             0.00               0.00    11,205,284.00      11,205,284.00    100.00000000%
     M-2 3              6.19375%             0.00               0.00    11,168,090.00      11,168,090.00    100.00000000%
     M-2 4              6.19375%             0.00               0.00    10,912,486.00      10,912,486.00    100.00000000%
      B 1               6.89375%             0.00               0.00     7,237,816.00       7,237,816.00    100.00000000%
      B 2               6.89375%             0.00               0.00     7,398,355.00       7,398,355.00    100.00000000%
      B 3               6.89375%             0.00               0.00     7,373,797.00       7,373,797.00    100.00000000%
      B 4               6.89375%             0.00               0.00     7,205,032.00       7,205,032.00    100.00000000%
</TABLE>
<TABLE>
<CAPTION>

						      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                          23,942,974.65
    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                                                                                  23,942,974.65

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         415,794.62
    Payment of Interest and Principal                                                           23,527,180.03
Total Withdrawals (Pool Distribution Amount)                                                    23,942,974.65

Ending Balance                                                                                           0.00

</TABLE>
<TABLE>
<CAPTION>

					    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<S>                                                                                   <C>

Total Prepayment/Curtailment Interest Shortfall                                                          0.00
Servicing Fee Support                                                                                    0.00
Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>

							 SERVICING FEES

<S>                                                                                   <C>
Gross Servicing Fee                                                                                396,814.08
Trustee Fee                                                                                          2,380.54
Spread 1 Fee                                                                                        16,600.00
Master Servicing Fee                                                                                     0.00
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  415,794.62

</TABLE>
<TABLE>
<CAPTION>
							 OTHER ACCOUNTS

					       Beginning          Current          Current          Ending
Account Type                                     Balance      Withdrawals         Deposits         Balance
<S>                                    <C>                 <C>               <C>              <C>
Reserve Fund                                      1,000.00              0.00              0.00         1,000.00
Reserve Fund                                      1,000.00              0.00              0.00         1,000.00
Reserve Fund                                      1,000.00              0.00              0.00         1,000.00
Reserve Fund                                      1,000.00              0.00              0.00         1,000.00
Reserve Fund                                  1,041,450.49        652,284.77              0.00       389,663.88
Reserve Fund                                  1,015,776.89        661,297.63              0.00       355,309.67
Reserve Fund                                  1,027,448.77        661,714.89              0.00       366,564.15
Reserve Fund                                  1,002,806.42        634,823.59              0.00       368,813.05

</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                                 404     34,799,379.26               4.232583%          3.716817%
60 Days                                 140     11,186,090.70               1.466737%          1.194753%
90+ Days                                111     11,212,728.59               1.162913%          1.197598%
Foreclosure                               0              0.00               0.000000%          0.000000%
REO                                       0              0.00               0.000000%          0.000000%
Totals                                  655     57,198,198.55               6.862232%          6.109167%
</TABLE>
<TABLE>
<CAPTION>
						       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                                     0.00
</TABLE>






<TABLE>
<CAPTION>
			      COLLATERAL STATEMENT
<S>                                                                   <C>
Collateral Description                                     Fixed & Mixed ARM

Weighted Average Gross Coupon                                      9.706761%
Weighted AverageNet Coupon                                         9.206760%
Weighted Average Pass-Through Rate                                 9.203761%
Weighted Average Maturity(Stepdown Calculation )                         344
Begin Scheduled Collateral Loan Count                                  9,674

Number Of Loans Paid In Full                                             129
End Scheduled Collateral Loan Count                                    9,545
Begining Scheduled Collateral Balance                         952,352,759.06
Ending Scheduled Collateral Balance                           936,268,330.26
Ending Actual Collateral Balance at 30-Sep-1998               936,911,663.68
Monthly P &I Constant                                           8,456,996.24
Ending Scheduled Balance for Premium Loans                    936,268,330.26
Scheduled Principal                                               598,568.57
Unscheduled Principal                                          18,095,981.11
</TABLE>
<TABLE>
<CAPTION>
	   <S>                                        <C>
Group one prepayment penalty:                                    $ 51,145.09
Group two prepayment penalty:                                    $ 40,858.67
Group three prepayment penalty:                                  $ 34,571.50
Group four prepayment penalty:                                   $ 28,420.46
</TABLE>

 <TABLE>
 <CAPTION>
				     Group Level Collateral Statement
 <S>                                                    <C> 
 Group ID                                                   1                      2                     3                      4
 Collateral Description                             Mixed ARM              Mixed ARM             Mixed ARM              Mixed ARM
 Weighted Average Coupon Rate                        9.923865               9.911387              9.903075               9.869491
 Weighted Average Net Rate                           9.403995               9.389335              9.380258               9.338454
 Weighted Average Maturity                             343.00                 344.00                343.00                 342.00
 Begining Loan Count                                 2,419.00               2,412.00              2,428.00               2,415.00
 Loans Paid In Full                                     37.00                  37.00                 25.00                  30.00
 Ending Loan Count                                   2,382.00               2,375.00              2,403.00               2,385.00
 Begining Scheduled Balance                    236,182,780.88         240,467,119.01        241,236,270.38         234,466,588.79
 Ending Scheduled Balance                      231,921,770.42         235,556,569.53        238,129,937.21         230,660,053.10
 Record Date                                         98-09-30               98-09-30              98-09-30               98-09-30
 Principal And Interest Constant                 2,103,413.55           2,133,544.54          2,142,478.49           2,077,559.66
 Scheduled Principal                               150,268.54             147,436.16            151,692.51             149,171.36
 Unscheduled Principal                           4,110,741.92           4,763,113.32          2,954,640.66           3,657,364.33
 Scheduled Interest                              1,953,204.95           1,986,135.48          1,990,817.46           1,928,388.30
 Servicing Fee                                      98,409.87             100,194.64            100,515.10              97,694.47
 Trustee Fee                                           590.38                 600.86                603.07                 586.24
 Other Fee                                           3,320.00               3,818.00              3,984.00               5,478.00
 Net Interest                                    1,850,884.70           1,881,521.98          1,885,715.29           1,824,629.59
 
 Group ID                                                   1                      2                     3                      4
 Required Overcollateralization Amount                   0.00                   0.00                  0.00                   0.00
 Overcollateralization Increase Amount                   0.00                   0.00                  0.00                   0.00
 Overcollateralization Reduction Amount                  0.00                   0.00                  0.00                   0.00
 Specified Overcollateralization Amount          3,710,652.31           3,792,956.20          3,780,366.08           3,693,844.69
 Overcollateralization Amount                            0.00                   0.00                  0.00                   0.00
 Overcollateralization Deficiency Amount         3,710,652.31           3,792,956.20          3,780,366.08           3,693,844.69
 Base Overcollateralization Amount                       0.00                   0.00                  0.00                   0.00
 Extra Principal Distribution Amount               652,284.77             661,297.63            661,714.89             634,823.59
 Excess Cash Amount                                652,284.77             661,297.63            661,714.89             634,823.59
 
 
 
 
 
 </TABLE> 

  <TABLE>
  <CAPTION>                         Delinquency Status By Groups
										     
   Groups          30 Days                       60 Days                     90 + Days
	     Number         Balance        Number       Balance         Number     Balance
      <S>      <C>            <C>           <C>           <C>            <C>        <C>
	1      124       10,443,545.90       29       1,966,541.60        24      2,487,505.90              
	2       88        7,903,418.42       40       3,683,117.13        25      2,696,184.46               
	3       96        8,659,486.88       43       3,467,348.51        27      2,307,389.58               
	4       96        7,792,928.06       28       2,069,083.46        35      3,721,648.65               
 Total         404      $34,799,379.26      140     $11,186,090.70       111    $11,212,728.59               
  </TABLE>

   <TABLE>
				Delinquency Status By Groups (Continued)
 <CAPTION>
									   
 Group ID               Foreclosures           REOs                    Bankruptcy
	      Number        Balance     Number      Balance      Number        Balance
 <S>           <C>           <C>         <C>         <C>          <C>           <C>
 1              0            0.00         0          0.00          0            0.00
 2              0            0.00         0          0.00          0            0.00
 3              0            0.00         0          0.00          0            0.00
 4              0            0.00         0          0.00          0            0.00
 TOTAL          0            0.00         0          0.00          0            0.00
 </TABLE>






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