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Previous: BLACKROCK HIGH YIELD TRUST, N-2/A, 1998-11-10 |
Next: PROSPERITY BANCSHARES INC, 8-A12G, 1998-11-10 |
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
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-19 Trust
New York (governing law of 333-45021-19 52-2116841
Pooling and Servicing Agreement) (Commission 52-2116843
(State or other File Number) IRS EIN
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 October 26, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-19
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
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 1998-19 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 11/04/1998
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-19 Trust, relating to the October 26,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 09/30/1998
Distribution Date: 10/26/1998
NASCOR Series: 1998-19
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>
IA1 66937N2F4 SEQ 6.50000% 215,826,142.63 1,169,058.27 2,140,900.03
1APO NMB9819P1 PO 0.00000% 388,788.10 0.00 1,545.61
2A1 66937N2K3 PAC 6.20000% 8,057,000.00 41,627.83 0.00
2A2 66937N2L1 PAC 6.20000% 14,166,000.00 73,191.00 0.00
2A3 66937N2M9 PAC 6.25000% 15,000,000.00 78,125.00 0.00
2A4 66937N2N7 PAC 6.25000% 14,036,000.00 73,104.17 0.00
2A5 66937N2P2 PAC 6.35000% 11,898,000.00 62,960.25 0.00
2A6 66937N2Q0 PAC 6.40000% 9,753,000.00 52,016.00 0.00
2A7 66937N2R8 PAC 6.50000% 5,434,000.00 29,434.17 0.00
2A8 66937N2S6 IO 6.75000% 0.00 30,226.58 0.00
2A9 66937N2T4 PAC 6.09375% 102,376,119.13 519,878.73 506,758.66
2A10 66937N2U1 PAC 9.28125% 26,541,957.55 205,285.45 131,381.88
2A11 66937N2V9 SEQ 6.75000% 4,487,368.20 25,241.45 1,361,132.67
2A12 66937N2W7 SEQ 6.75000% 25,019,332.00 140,733.74 0.00
AP NMB9819P2 PO 0.00000% 169,392.31 0.00 252.50
A-R 66937N2X5 R 6.75000% 0.00 0.00 0.00
A-LR 66937N2Y3 ALR 6.75000% 0.00 318.08 0.00
B1 66937N2G2 SUB 6.50000% 2,241,523.99 12,141.59 7,312.59
B2 66937N2H0 SUB 6.50000% 1,457,586.75 7,895.26 4,755.13
B3 66937N2J6 SUB 6.50000% 897,205.75 4,859.86 2,926.98
B4 66937N3V8 SUB 6.50000% 672,655.91 3,643.55 2,194.42
B5 66937N3W6 SUB 6.50000% 560,381.00 3,035.40 1,828.15
B6 66937N3X4 SUB 6.50000% 336,797.41 1,824.32 1,098.74
2B1 66937N2Z0 SUB 6.75000% 3,122,169.14 17,562.20 2,448.54
2B2 66937N3A4 SUB 6.75000% 4,497,041.83 25,295.86 3,526.77
2B3 66937N3B2 SUB 6.75000% 1,249,067.35 7,026.00 979.57
2B4 66937N3C0 SUB 6.75000% 748,841.33 4,212.23 587.27
2B5 66937N3D8 SUB 6.75000% 375,419.12 2,111.73 294.42
2B6 66937N3E6 SUB 6.75000% 624,671.16 3,513.78 489.89
Totals 469,936,460.66 2,594,322.50 4,170,413.82
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
IA1 0.00 213,685,242.60 3,309,958.30 0.00
1APO 0.00 387,242.50 1,545.61 0.00
2A1 0.00 8,057,000.00 41,627.83 0.00
2A2 0.00 14,166,000.00 73,191.00 0.00
2A3 0.00 15,000,000.00 78,125.00 0.00
2A4 0.00 14,036,000.00 73,104.17 0.00
2A5 0.00 11,898,000.00 62,960.25 0.00
2A6 0.00 9,753,000.00 52,016.00 0.00
2A7 0.00 5,434,000.00 29,434.17 0.00
2A8 0.00 0.00 30,226.58 0.00
2A9 0.00 101,869,360.47 1,026,637.39 0.00
2A10 0.00 26,410,575.67 336,667.33 0.00
2A11 0.00 3,126,235.53 1,386,374.12 0.00
2A12 0.00 25,019,332.00 140,733.74 0.00
AP 0.00 169,139.80 252.50 0.00
A-R 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 318.08 0.00
B1 0.00 2,234,211.41 19,454.18 0.00
B2 0.00 1,452,831.62 12,650.39 0.00
B3 0.00 894,278.77 7,786.84 0.00
B4 0.00 670,461.49 5,837.97 0.00
B5 0.00 558,552.85 4,863.55 0.00
B6 0.00 335,698.66 2,923.06 495.47
2B1 0.00 3,119,720.60 20,010.74 0.00
2B2 0.00 4,493,515.06 28,822.63 0.00
2B3 0.00 1,248,087.78 8,005.57 0.00
2B4 0.00 748,254.06 4,799.50 0.00
2B5 0.00 375,124.70 2,406.15 0.00
2B6 0.00 624,181.27 4,003.67 248.66
Totals 0.00 465,766,046.84 6,764,736.32 744.13
<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>
IA1 219,034,000.00 215,826,142.63 704,095.63 1,436,804.40 0.00 0.00
1APO 391,778.00 388,788.10 1,319.95 225.66 0.00 0.00
2A1 8,057,000.00 8,057,000.00 0.00 0.00 0.00 0.00
2A2 14,166,000.00 14,166,000.00 0.00 0.00 0.00 0.00
2A3 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00
2A4 14,036,000.00 14,036,000.00 0.00 0.00 0.00 0.00
2A5 11,898,000.00 11,898,000.00 0.00 0.00 0.00 0.00
2A6 9,753,000.00 9,753,000.00 0.00 0.00 0.00 0.00
2A7 5,434,000.00 5,434,000.00 0.00 0.00 0.00 0.00
2A8 0.00 0.00 0.00 0.00 0.00 0.00
2A9 103,137,274.00 102,376,119.13 47,065.58 459,693.09 0.00 0.00
2A10 26,739,294.00 26,541,957.55 12,202.19 119,179.69 0.00 0.00
2A11 6,150,000.00 4,487,368.20 128,760.50 1,257,613.61 -25,241.45 0.00
2A12 25,019,332.00 25,019,332.00 0.00 0.00 0.00 0.00
AP 169,683.79 169,392.31 144.66 107.85 0.00 0.00
A-R 50.00 0.00 0.00 0.00 0.00 0.00
A-LR 50.00 0.00 0.00 0.00 0.00 0.00
B1 2,256,000.00 2,241,523.99 7,312.59 0.00 0.00 0.00
B2 1,467,000.00 1,457,586.75 4,755.13 0.00 0.00 0.00
B3 903,000.00 897,205.75 2,926.98 0.00 0.00 0.00
B4 677,000.00 672,655.91 2,194.42 0.00 0.00 0.00
B5 564,000.00 560,381.00 1,828.15 0.00 0.00 0.00
B6 338,972.48 336,797.41 1,098.74 0.00 0.00 0.00
2B1 3,127,000.00 3,122,169.14 2,448.54 0.00 0.00 0.00
2B2 4,504,000.00 4,497,041.83 3,526.77 0.00 0.00 0.00
2B3 1,251,000.00 1,249,067.35 979.57 0.00 0.00 0.00
2B4 750,000.00 748,841.33 587.27 0.00 0.00 0.00
2B5 376,000.00 375,419.12 294.42 0.00 0.00 0.00
2B6 625,637.70 624,671.16 489.89 0.00 0.00 0.00
Totals 475,825,071.97 469,936,460.66 922,030.98 3,273,624.30 (25,241.45) 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>
IA1 2,140,900.03 213,685,242.60 0.97558024 2,140,900.03
1APO 1,545.61 387,242.50 0.98842329 1,545.61
2A1 0.00 8,057,000.00 1.00000000 0.00
2A2 0.00 14,166,000.00 1.00000000 0.00
2A3 0.00 15,000,000.00 1.00000000 0.00
2A4 0.00 14,036,000.00 1.00000000 0.00
2A5 0.00 11,898,000.00 1.00000000 0.00
2A6 0.00 9,753,000.00 1.00000000 0.00
2A7 0.00 5,434,000.00 1.00000000 0.00
2A8 0.00 0.00 0.00000000 0.00
2A9 506,758.66 101,869,360.47 0.98770654 506,758.66
2A10 131,381.88 26,410,575.67 0.98770654 131,381.88
2A11 1,361,132.67 3,126,235.53 0.50833098 1,361,132.67
2A12 0.00 25,019,332.00 1.00000000 0.00
AP 252.50 169,139.80 0.99679410 252.50
A-R 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B1 7,312.59 2,234,211.41 0.99034194 7,312.59
B2 4,755.13 1,452,831.62 0.99034194 4,755.13
B3 2,926.98 894,278.77 0.99034194 2,926.98
B4 2,194.42 670,461.49 0.99034194 2,194.42
B5 1,828.15 558,552.85 0.99034193 1,828.15
B6 1,098.74 335,698.66 0.99034193 1,098.74
2B1 2,448.54 3,119,720.60 0.99767208 2,448.54
2B2 3,526.77 4,493,515.06 0.99767208 3,526.77
2B3 979.57 1,248,087.78 0.99767209 979.57
2B4 587.27 748,254.06 0.99767208 587.27
2B5 294.42 375,124.70 0.99767207 294.42
2B6 489.89 624,181.27 0.99767209 489.89
Totals 4,170,413.82 465,766,046.84 0.97885983 4,170,413.82
</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>
IA1 219,034,000.00 985.35452318 3.21454948 6.55973228 0.00000000
1APO 391,778.00 992.36838209 3.36912741 0.57598946 0.00000000
2A1 8,057,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A2 14,166,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A3 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 14,036,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 11,898,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A6 9,753,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A7 5,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A8 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A9 103,137,274.00 992.61998267 0.45633919 4.45709948 0.00000000
2A10 26,739,294.00 992.61998279 0.45633927 4.45709935 0.00000000
2A11 6,150,000.00 729.65336585 20.93666667 204.49001789 -4.10430081
2A12 25,019,332.00 1000.00000000 0.00000000 0.00000000 0.00000000
AP 169,683.79 998.28221659 0.85252693 0.63559401 0.00000000
A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 2,256,000.00 993.58332890 3.24139628 0.00000000 0.00000000
B2 1,467,000.00 993.58333333 3.24139741 0.00000000 0.00000000
B3 903,000.00 993.58333333 3.24139535 0.00000000 0.00000000
B4 677,000.00 993.58332349 3.24138848 0.00000000 0.00000000
B5 564,000.00 993.58333333 3.24140071 0.00000000 0.00000000
B6 338,972.48 993.58334340 3.24138408 0.00000000 0.00000000
2B1 3,127,000.00 998.45511353 0.78303166 0.00000000 0.00000000
2B2 4,504,000.00 998.45511323 0.78303064 0.00000000 0.00000000
2B3 1,251,000.00 998.45511591 0.78302958 0.00000000 0.00000000
2B4 750,000.00 998.45510667 0.78302667 0.00000000 0.00000000
2B5 376,000.00 998.45510638 0.78303191 0.00000000 0.00000000
2B6 625,637.70 998.45511228 0.78302506 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination, except Class ALR, which is Per $50 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>
IA1 0.00000000 9.77428176 975.58024142 0.97558024 9.77428176
1APO 0.00000000 3.94511688 988.42329074 0.98842329 3.94511688
2A1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A8 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A9 0.00000000 4.91343857 987.70654410 0.98770654 4.91343857
2A10 0.00000000 4.91343863 987.70654416 0.98770654 4.91343863
2A11 0.00000000 221.32238537 508.33098049 0.50833098 221.32238537
2A12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AP 0.00000000 1.48806200 996.79409565 0.99679410 1.48806200
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 3.24139628 990.34193706 0.99034194 3.24139628
B2 0.00000000 3.24139741 990.34193592 0.99034194 3.24139741
B3 0.00000000 3.24139535 990.34193798 0.99034194 3.24139535
B4 0.00000000 3.24138848 990.34193501 0.99034194 3.24138848
B5 0.00000000 3.24140071 990.34193262 0.99034193 3.24140071
B6 0.00000000 3.24138408 990.34192982 0.99034193 3.24138408
2B1 0.00000000 0.78303166 997.67208187 0.99767208 0.78303166
2B2 0.00000000 0.78303064 997.67208259 0.99767208 0.78303064
2B3 0.00000000 0.78302958 997.67208633 0.99767209 0.78302958
2B4 0.00000000 0.78302667 997.67208000 0.99767208 0.78302667
2B5 0.00000000 0.78303191 997.67207447 0.99767207 0.78303191
2B6 0.00000000 0.78302506 997.67208722 0.99767209 0.78302506
<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>
IA1 219,034,000.00 6.50000% 215,826,142.63 1,169,058.27 0.00 0.00
1APO 391,778.00 0.00000% 388,788.10 0.00 0.00 0.00
2A1 8,057,000.00 6.20000% 8,057,000.00 41,627.83 0.00 0.00
2A2 14,166,000.00 6.20000% 14,166,000.00 73,191.00 0.00 0.00
2A3 15,000,000.00 6.25000% 15,000,000.00 78,125.00 0.00 0.00
2A4 14,036,000.00 6.25000% 14,036,000.00 73,104.17 0.00 0.00
2A5 11,898,000.00 6.35000% 11,898,000.00 62,960.25 0.00 0.00
2A6 9,753,000.00 6.40000% 9,753,000.00 52,016.00 0.00 0.00
2A7 5,434,000.00 6.50000% 5,434,000.00 29,434.17 0.00 0.00
2A8 0.00 6.75000% 5,373,614.81 30,226.58 0.00 0.00
2A9 103,137,274.00 6.09375% 102,376,119.13 519,878.73 0.00 0.00
2A10 26,739,294.00 9.28125% 26,541,957.55 205,285.45 0.00 0.00
2A11 6,150,000.00 6.75000% 4,487,368.20 25,241.45 0.00 0.00
2A12 25,019,332.00 6.75000% 25,019,332.00 140,733.74 0.00 0.00
AP 169,683.79 0.00000% 169,392.31 0.00 0.00 0.00
A-R 50.00 6.75000% 0.00 0.00 0.00 0.00
A-LR 50.00 6.75000% 0.00 0.00 0.00 0.00
B1 2,256,000.00 6.50000% 2,241,523.99 12,141.59 0.00 0.00
B2 1,467,000.00 6.50000% 1,457,586.75 7,895.26 0.00 0.00
B3 903,000.00 6.50000% 897,205.75 4,859.86 0.00 0.00
B4 677,000.00 6.50000% 672,655.91 3,643.55 0.00 0.00
B5 564,000.00 6.50000% 560,381.00 3,035.40 0.00 0.00
B6 338,972.48 6.50000% 336,797.41 1,824.32 0.00 0.00
2B1 3,127,000.00 6.75000% 3,122,169.14 17,562.20 0.00 0.00
2B2 4,504,000.00 6.75000% 4,497,041.83 25,295.86 0.00 0.00
2B3 1,251,000.00 6.75000% 1,249,067.35 7,026.00 0.00 0.00
2B4 750,000.00 6.75000% 748,841.33 4,212.23 0.00 0.00
2B5 376,000.00 6.75000% 375,419.12 2,111.73 0.00 0.00
2B6 625,637.70 6.75000% 624,671.16 3,513.78 0.00 0.00
Totals 475,825,071.97 2,594,004.42 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>
IA1 0.00 0.00 1,169,058.27 0.00 213,685,242.60
1APO 0.00 0.00 0.00 0.00 387,242.50
2A1 0.00 0.00 41,627.83 0.00 8,057,000.00
2A2 0.00 0.00 73,191.00 0.00 14,166,000.00
2A3 0.00 0.00 78,125.00 0.00 15,000,000.00
2A4 0.00 0.00 73,104.17 0.00 14,036,000.00
2A5 0.00 0.00 62,960.25 0.00 11,898,000.00
2A6 0.00 0.00 52,016.00 0.00 9,753,000.00
2A7 0.00 0.00 29,434.17 0.00 5,434,000.00
2A8 0.00 0.00 30,226.58 0.00 5,373,614.81
2A9 0.00 0.00 519,878.73 0.00 101,869,360.47
2A10 0.00 0.00 205,285.45 0.00 26,410,575.67
2A11 0.00 0.00 25,241.45 0.00 3,126,235.53
2A12 0.00 0.00 140,733.74 0.00 25,019,332.00
AP 0.00 0.00 0.00 0.00 169,139.80
A-R 0.00 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 318.08 0.00 0.00
B1 0.00 0.00 12,141.59 0.00 2,234,211.41
B2 0.00 0.00 7,895.26 0.00 1,452,831.62
B3 0.00 0.00 4,859.86 0.00 894,278.77
B4 0.00 0.00 3,643.55 0.00 670,461.49
B5 0.00 0.00 3,035.40 0.00 558,552.85
B6 0.00 0.00 1,824.32 0.00 335,698.66
2B1 0.00 0.00 17,562.20 0.00 3,119,720.60
2B2 0.00 0.00 25,295.86 0.00 4,493,515.06
2B3 0.00 0.00 7,026.00 0.00 1,248,087.78
2B4 0.00 0.00 4,212.23 0.00 748,254.06
2B5 0.00 0.00 2,111.73 0.00 375,124.70
2B6 0.00 0.00 3,513.78 0.00 624,181.27
Totals 0.00 0.00 2,594,322.50 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>
IA1 219,034,000.00 6.50000% 985.35452318 5.33733699 0.00000000 0.00000000
1APO 391,778.00 0.00000% 992.36838209 0.00000000 0.00000000 0.00000000
2A1 8,057,000.00 6.20000% 1000.00000000 5.16666625 0.00000000 0.00000000
2A2 14,166,000.00 6.20000% 1000.00000000 5.16666667 0.00000000 0.00000000
2A3 15,000,000.00 6.25000% 1000.00000000 5.20833333 0.00000000 0.00000000
2A4 14,036,000.00 6.25000% 1000.00000000 5.20833357 0.00000000 0.00000000
2A5 11,898,000.00 6.35000% 1000.00000000 5.29166667 0.00000000 0.00000000
2A6 9,753,000.00 6.40000% 1000.00000000 5.33333333 0.00000000 0.00000000
2A7 5,434,000.00 6.50000% 1000.00000000 5.41666728 0.00000000 0.00000000
2A8 0.00 6.75000% 1000.00000000 5.62499938 0.00000000 0.00000000
2A9 103,137,274.00 6.09375% 992.61998267 5.04064835 0.00000000 0.00000000
2A10 26,739,294.00 9.28125% 992.61998279 7.67729507 0.00000000 0.00000000
2A11 6,150,000.00 6.75000% 729.65336585 4.10430081 0.00000000 0.00000000
2A12 25,019,332.00 6.75000% 1000.00000000 5.62499990 0.00000000 0.00000000
AP 169,683.79 0.00000% 998.28221659 0.00000000 0.00000000 0.00000000
A-R 50.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 50.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
B1 2,256,000.00 6.50000% 993.58332890 5.38191046 0.00000000 0.00000000
B2 1,467,000.00 6.50000% 993.58333333 5.38190866 0.00000000 0.00000000
B3 903,000.00 6.50000% 993.58333333 5.38190476 0.00000000 0.00000000
B4 677,000.00 6.50000% 993.58332349 5.38190547 0.00000000 0.00000000
B5 564,000.00 6.50000% 993.58333333 5.38191489 0.00000000 0.00000000
B6 338,972.48 6.50000% 993.58334340 5.38191183 0.00000000 0.00000000
2B1 3,127,000.00 6.75000% 998.45511353 5.61630956 0.00000000 0.00000000
2B2 4,504,000.00 6.75000% 998.45511323 5.61630995 0.00000000 0.00000000
2B3 1,251,000.00 6.75000% 998.45511591 5.61630695 0.00000000 0.00000000
2B4 750,000.00 6.75000% 998.45510667 5.61630667 0.00000000 0.00000000
2B5 376,000.00 6.75000% 998.45510638 5.61630319 0.00000000 0.00000000
2B6 625,637.70 6.75000% 998.45511228 5.61631756 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination, except Class ALR, which is Per $50 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>
IA1 0.00000000 0.00000000 5.33733699 0.00000000 975.58024142
1APO 0.00000000 0.00000000 0.00000000 0.00000000 988.42329074
2A1 0.00000000 0.00000000 5.16666625 0.00000000 1000.00000000
2A2 0.00000000 0.00000000 5.16666667 0.00000000 1000.00000000
2A3 0.00000000 0.00000000 5.20833333 0.00000000 1000.00000000
2A4 0.00000000 0.00000000 5.20833357 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 5.29166667 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 5.33333333 0.00000000 1000.00000000
2A7 0.00000000 0.00000000 5.41666728 0.00000000 1000.00000000
2A8 0.00000000 0.00000000 5.62499938 0.00000000 1000.00000000
2A9 0.00000000 0.00000000 5.04064835 0.00000000 987.70654410
2A10 0.00000000 0.00000000 7.67729507 0.00000000 987.70654416
2A11 0.00000000 0.00000000 4.10430081 0.00000000 508.33098049
2A12 0.00000000 0.00000000 5.62499990 0.00000000 1000.00000000
AP 0.00000000 0.00000000 0.00000000 0.00000000 996.79409565
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 6361.60000000 0.00000000 0.00000000
B1 0.00000000 0.00000000 5.38191046 0.00000000 990.34193706
B2 0.00000000 0.00000000 5.38190866 0.00000000 990.34193592
B3 0.00000000 0.00000000 5.38190476 0.00000000 990.34193798
B4 0.00000000 0.00000000 5.38190547 0.00000000 990.34193501
B5 0.00000000 0.00000000 5.38191489 0.00000000 990.34193262
B6 0.00000000 0.00000000 5.38191183 0.00000000 990.34192982
2B1 0.00000000 0.00000000 5.61630956 0.00000000 997.67208187
2B2 0.00000000 0.00000000 5.61630995 0.00000000 997.67208259
2B3 0.00000000 0.00000000 5.61630695 0.00000000 997.67208633
2B4 0.00000000 0.00000000 5.61630667 0.00000000 997.67208000
2B5 0.00000000 0.00000000 5.61630319 0.00000000 997.67207447
2B6 0.00000000 0.00000000 5.61631756 0.00000000 997.67208722
<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 132,259.33
Deposits
Payments of Interest and Principal 6,661,810.37
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 74,457.84
Realized Losses 0.00
Total Deposits 6,736,268.21
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 103,791.22
Payment of Interest and Principal 6,764,736.32
Total Withdrawals (Pool Distribution Amount) 6,868,527.54
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 767.38
Servicing Fee Support 767.38
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 97,901.31
Master Servicing Fee 6,657.29
Supported Prepayment/Curtailment Interest Shortfall 767.38
Net Servicing Fee 103,791.22
</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 1 286,216.53 0.072464% 0.061451%
60 Days 2 560,753.71 0.144928% 0.120394%
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 3 846,970.24 0.217391% 0.181845%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 744.13
Principal Balance of Contaminated Properties 0.00
Periodic Advance 813,867.38
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.267164%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 270
Begin Scheduled Collateral Loan Count 1,388
Number Of Loans Paid In Full 8
End Scheduled Collateral Loan Count 1,380
Begining Scheduled Collateral Balance 469,936,460.66
Ending Scheduled Collateral Balance 465,766,046.85
Ending Actual Collateral Balance at 30-Sep-1998 468,094,505.68
Ending Scheduled Balance For Norwest 392,840,000.86
Ending Scheduled Balance For Other Services 72,926,045.99
Monthly P &I Constant 3,623,959.55
Class A Optimal Amount 6,641,055.88
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 416,684,290.85
Ending scheduled Balance For discounted Loans 49,081,756.00
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 426,543,139.22
Greater Than 80%, less than or equal to 85% 6,202,312.88
Greater than 85%, less than or equal to 95% 32,569,027.76
Greater than 95% 656,857.55
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2
Collateral Description Fixed 15 Year Fixed 30 Year
Weighted Average Coupon Rate 7.084530 7.431232
Weighted Average Net Rate 6.490220 6.746216
Weighted Average Maturity 175.00 355.00
Record Date 98-09-30 98-09-30
Principal And Interest Constant 1,981,764.18 1,642,195.37
Begining Loan Count 654.00 734.00
Loans Paid In Full 4.00 4.00
Ending Loan Count 650.00 730.00
Begining Scheduled Balance 222,381,081.54 247,555,379.12
Ending Scheduled Balance 220,218,519.90 245,547,526.95
Scheduled Principal 725,531.58 194,155.06
UnScheduled Principal 1,437,030.06 1,813,697.11
Scheduled Interest 1,252,231.08 1,446,740.48
Servicing Fee 46,329.37 51,571.94
Master Servicing Fee 3,150.40 3,506.89
FRY Amount 60,656.26 86,231.55
Net Interest 1,142,095.05 1,305,430.11
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C>
Groups 30 Days 60 Days 90 + Days
Number Balance Number Balance Number Balance
1 1 286,216.53 1 476,209.18 0 0.00 0
2 0 0.00 1 84,544.53 0 0.00 0
Total 1 $286,216.53 2 $560,753.71 0 $0.00 0
</TABLE>
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