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Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1998-18 TRUST, 8-K, 1998-09-02 |
Next: DEFINED ASSET FUNDS MUNICIPAL DEFINED FUND SERIES 2, 487, 1998-09-02 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 25, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-19 Trust
New York (governing law of 333-45012-16 52-2116841
Pooling and Servicing Agreement) (Commission 52-2116843
(State or other File Number) IRS EIN
jurisdiction
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way 21703
Frederick, Maryland (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (301) 696-7900
Former name or former address, if changed since last report)
ITEM 5. Other Events
On August 25, 1998 a distribution was made to holders of NORWEST 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 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-19 Trust,
relating to the August 25, 1998 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST 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: 8/28/1998
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 August 25,
1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 7/31/1998
Distribution Date: 8/25/1998
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% 219,034,000.00 1,186,434.17 1,446,524.96
1APO NMB9819P1 PO 0.00000% 391,778.00 0.00 1,479.90
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 6.15625% 103,137,274.00 529,115.70 338,463.75
2A10 66937N2U1 PAC 9.04018% 26,739,294.00 201,439.95 87,749.86
2A11 66937N2V9 SEQ 6.75000% 6,150,000.00 34,593.75 1,075,487.64
2A12 66937N2W7 SEQ 6.75000% 25,019,332.00 140,733.74 0.00
2APO NMB9819P2 PO 0.00000% 169,683.79 0.00 144.31
A-R 66937N2X5 R 6.75000% 50.00 0.28 50.00
A-LR 66937N2Y3 ALR 6.75000% 50.00 0.28 50.00
B1 66937N2G2 SUB 6.50000% 2,256,000.00 12,220.00 7,207.13
B2 66937N2H0 SUB 6.50000% 1,467,000.00 7,946.25 4,686.55
B3 66937N2J6 SUB 6.50000% 903,000.00 4,891.25 2,884.77
B4 66937N3V8 SUB 6.50000% 677,000.00 3,667.08 2,162.78
B5 66937N3W6 SUB 6.50000% 564,000.00 3,055.00 1,801.78
B6 66937N3X4 SUB 6.50000% 338,972.48 1,836.10 738.07
2B1 66937N2Z0 SUB 6.75000% 3,127,000.00 17,589.38 2,390.24
2B2 66937N3A4 SUB 6.75000% 4,504,000.00 25,335.00 3,442.80
2B3 66937N3B2 SUB 6.75000% 1,251,000.00 7,036.88 956.25
2B4 66937N3C0 SUB 6.75000% 750,000.00 4,218.75 573.29
2B5 66937N3D8 SUB 6.75000% 376,000.00 2,115.00 287.41
2B6 66937N3E6 SUB 6.75000% 625,637.70 3,519.21 328.70
Totals 475,825,071.97 2,626,432.77 2,977,410.19
</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 0.00 217,587,475.04 2,632,959.13 0.00
1APO 0.00 390,298.10 1,479.90 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 0.00 102,798,810.25 867,579.45 0.00
2A10 0.00 26,651,544.14 289,189.81 0.00
2A11 0.00 5,074,512.36 1,110,081.39 0.00
2A12 0.00 25,019,332.00 140,733.74 0.00
2APO 0.00 169,539.48 144.31 0.00
A-R 0.00 0.00 50.28 0.00
A-LR 0.00 0.00 50.28 0.00
B1 0.00 2,248,792.87 19,427.13 0.00
B2 0.00 1,462,313.45 12,632.80 0.00
B3 0.00 900,115.23 7,776.02 0.00
B4 0.00 674,837.22 5,829.86 0.00
B5 0.00 562,198.22 4,856.78 0.00
B6 344.83 337,889.58 2,574.17 344.83
2B1 0.00 3,124,609.76 19,979.62 0.00
2B2 0.00 4,500,557.20 28,777.80 0.00
2B3 0.00 1,250,043.75 7,993.13 0.00
2B4 0.00 749,426.71 4,792.04 0.00
2B5 0.00 375,712.59 2,402.41 0.00
2B6 149.53 625,159.47 3,847.91 149.53
Totals 494.36 472,847,167.42 5,603,842.96 494.36
<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 219,034,000.00 219,034,000.00 699,737.13 746,787.84 0.00 0.00
1APO 391,778.00 391,778.00 1,304.52 175.38 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 103,137,274.00 103,137,274.00 41,239.99 297,223.75 0.00 0.00
2A10 26,739,294.00 26,739,294.00 10,691.85 77,058.01 0.00 0.00
2A11 6,150,000.00 6,150,000.00 135,257.46 974,823.93 -34,593.75 0.00
2A12 25,019,332.00 25,019,332.00 0.00 0.00 0.00 0.00
2APO 169,683.79 169,683.79 142.98 1.33 0.00 0.00
A-R 50.00 50.00 6.09 43.91 0.00 0.00
A-LR 50.00 50.00 6.09 43.91 0.00 0.00
B1 2,256,000.00 2,256,000.00 7,207.13 0.00 0.00 0.00
B2 1,467,000.00 1,467,000.00 4,686.55 0.00 0.00 0.00
B3 903,000.00 903,000.00 2,884.77 0.00 0.00 0.00
B4 677,000.00 677,000.00 2,162.78 0.00 0.00 0.00
B5 564,000.00 564,000.00 1,801.78 0.00 0.00 0.00
B6 338,972.48 338,972.48 738.07 0.00 0.00 344.83
2B1 3,127,000.00 3,127,000.00 2,390.24 0.00 0.00 0.00
2B2 4,504,000.00 4,504,000.00 3,442.80 0.00 0.00 0.00
2B3 1,251,000.00 1,251,000.00 956.25 0.00 0.00 0.00
2B4 750,000.00 750,000.00 573.29 0.00 0.00 0.00
2B5 376,000.00 376,000.00 287.41 0.00 0.00 0.00
2B6 625,637.70 625,637.70 328.70 0.00 0.00 149.53
Totals 475,825,071.97 475,825,071.97 915,845.88 2,096,158.06 (34,593.75) 494.36
<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 1,446,524.96 217,587,475.04 0.99339589 1,446,524.96
1APO 1,479.90 390,298.10 0.99622261 1,479.90
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 338,463.75 102,798,810.25 0.99671832 338,463.75
2A10 87,749.86 26,651,544.14 0.99671832 87,749.86
2A11 1,075,487.64 5,074,512.36 0.82512396 1,075,487.64
2A12 0.00 25,019,332.00 1.00000000 0.00
2APO 144.31 169,539.48 0.99914954 144.31
A-R 50.00 0.00 0.00000000 50.00
A-LR 50.00 0.00 0.00000000 50.00
B1 7,207.13 2,248,792.87 0.99680535 7,207.13
B2 4,686.55 1,462,313.45 0.99680535 4,686.55
B3 2,884.77 900,115.23 0.99680535 2,884.77
B4 2,162.78 674,837.22 0.99680535 2,162.78
B5 1,801.78 562,198.22 0.99680535 1,801.78
B6 1,082.90 337,889.58 0.99680535 738.07
2B1 2,390.24 3,124,609.76 0.99923561 2,390.24
2B2 3,442.80 4,500,557.20 0.99923561 3,442.80
2B3 956.25 1,250,043.75 0.99923561 956.25
2B4 573.29 749,426.71 0.99923561 573.29
2B5 287.41 375,712.59 0.99923561 287.41
2B6 478.23 625,159.47 0.99923561 328.70
Totals 2,977,904.55 472,847,167.42 0.99374160 2,977,410.19
</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 1000.00000000 3.19465074 3.40946081 0.00000000
1APO 391,778.00 1000.00000000 3.32974286 0.44765148 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 1000.00000000 0.39985534 2.88182670 0.00000000
2A10 26,739,294.00 1000.00000000 0.39985536 2.88182665 0.00000000
2A11 6,150,000.00 1000.00000000 21.99308293 158.50795610 -5.62500000
2A12 25,019,332.00 1000.00000000 0.00000000 0.00000000 0.00000000
2APO 169,683.79 1000.00000000 0.84262616 0.00783811 0.00000000
A-R 50.00 1000.00000000 121.80000000 878.20000000 0.00000000
A-LR 50.00 1000.00000000 121.80000000 878.20000000 0.00000000
B1 2,256,000.00 1000.00000000 3.19464982 0.00000000 0.00000000
B2 1,467,000.00 1000.00000000 3.19464894 0.00000000 0.00000000
B3 903,000.00 1000.00000000 3.19465116 0.00000000 0.00000000
B4 677,000.00 1000.00000000 3.19465288 0.00000000 0.00000000
B5 564,000.00 1000.00000000 3.19464539 0.00000000 0.00000000
B6 338,972.48 1000.00000000 2.17737440 0.00000000 0.00000000
2B1 3,127,000.00 1000.00000000 0.76438759 0.00000000 0.00000000
2B2 4,504,000.00 1000.00000000 0.76438721 0.00000000 0.00000000
2B3 1,251,000.00 1000.00000000 0.76438849 0.00000000 0.00000000
2B4 750,000.00 1000.00000000 0.76438667 0.00000000 0.00000000
2B5 376,000.00 1000.00000000 0.76438830 0.00000000 0.00000000
2B6 625,637.70 1000.00000000 0.52538394 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 6.60411151 993.39588849 0.99339589 6.60411151
1APO 0.00000000 3.77739434 996.22260566 0.99622261 3.77739434
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 3.28168214 996.71831786 0.99671832 3.28168214
2A10 0.00000000 3.28168201 996.71831799 0.99671832 3.28168201
2A11 0.00000000 174.87603902 825.12396098 0.82512396 174.87603902
2A12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2APO 0.00000000 0.85046427 999.14953573 0.99914954 0.85046427
A-R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
A-LR 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
B1 0.00000000 3.19464982 996.80535018 0.99680535 3.19464982
B2 0.00000000 3.19464894 996.80535106 0.99680535 3.19464894
B3 0.00000000 3.19465116 996.80534884 0.99680535 3.19465116
B4 0.00000000 3.19465288 996.80534712 0.99680535 3.19465288
B5 0.00000000 3.19464539 996.80535461 0.99680535 3.19464539
B6 1.01728022 3.19465462 996.80534538 0.99680535 2.17737440
2B1 0.00000000 0.76438759 999.23561241 0.99923561 0.76438759
2B2 0.00000000 0.76438721 999.23561279 0.99923561 0.76438721
2B3 0.00000000 0.76438849 999.23561151 0.99923561 0.76438849
2B4 0.00000000 0.76438667 999.23561333 0.99923561 0.76438667
2B5 0.00000000 0.76438830 999.23561170 0.99923561 0.76438830
2B6 0.23900414 0.76438808 999.23561192 0.99923561 0.52538394
<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% 219,034,000.00 1,186,434.17 0.00 0.00
1APO 391,778.00 0.00000% 391,778.00 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 6.15625% 103,137,274.00 529,115.70 0.00 0.00
2A10 26,739,294.00 9.04018% 26,739,294.00 201,439.95 0.00 0.00
2A11 6,150,000.00 6.75000% 6,150,000.00 34,593.75 0.00 0.00
2A12 25,019,332.00 6.75000% 25,019,332.00 140,733.74 0.00 0.00
2APO 169,683.79 0.00000% 169,683.79 0.00 0.00 0.00
A-R 50.00 6.75000% 50.00 0.28 0.00 0.00
A-LR 50.00 6.75000% 50.00 0.28 0.00 0.00
B1 2,256,000.00 6.50000% 2,256,000.00 12,220.00 0.00 0.00
B2 1,467,000.00 6.50000% 1,467,000.00 7,946.25 0.00 0.00
B3 903,000.00 6.50000% 903,000.00 4,891.25 0.00 0.00
B4 677,000.00 6.50000% 677,000.00 3,667.08 0.00 0.00
B5 564,000.00 6.50000% 564,000.00 3,055.00 0.00 0.00
B6 338,972.48 6.50000% 338,972.48 1,836.10 0.00 0.00
2B1 3,127,000.00 6.75000% 3,127,000.00 17,589.38 0.00 0.00
2B2 4,504,000.00 6.75000% 4,504,000.00 25,335.00 0.00 0.00
2B3 1,251,000.00 6.75000% 1,251,000.00 7,036.88 0.00 0.00
2B4 750,000.00 6.75000% 750,000.00 4,218.75 0.00 0.00
2B5 376,000.00 6.75000% 376,000.00 2,115.00 0.00 0.00
2B6 625,637.70 6.75000% 625,637.70 3,519.21 0.00 0.00
Totals 475,825,071.97 2,626,432.77 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 1,186,434.17 0.00 217,587,475.04
1APO 0.00 0.00 0.00 0.00 390,298.10
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 0.00 529,115.70 0.00 102,798,810.25
2A10 0.00 0.00 201,439.95 0.00 26,651,544.14
2A11 0.00 0.00 34,593.75 0.00 5,074,512.36
2A12 0.00 0.00 140,733.74 0.00 25,019,332.00
2APO 0.00 0.00 0.00 0.00 169,539.48
A-R 0.00 0.00 0.28 0.00 0.00
A-LR 0.00 0.00 0.28 0.00 0.00
B1 0.00 0.00 12,220.00 0.00 2,248,792.87
B2 0.00 0.00 7,946.25 0.00 1,462,313.45
B3 0.00 0.00 4,891.25 0.00 900,115.23
B4 0.00 0.00 3,667.08 0.00 674,837.22
B5 0.00 0.00 3,055.00 0.00 562,198.22
B6 0.00 0.00 1,836.10 0.00 337,889.58
2B1 0.00 0.00 17,589.38 0.00 3,124,609.76
2B2 0.00 0.00 25,335.00 0.00 4,500,557.20
2B3 0.00 0.00 7,036.88 0.00 1,250,043.75
2B4 0.00 0.00 4,218.75 0.00 749,426.71
2B5 0.00 0.00 2,115.00 0.00 375,712.59
2B6 0.00 0.00 3,519.21 0.00 625,159.47
Totals 0.00 0.00 2,626,432.77 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% 1000.00000000 5.41666668 0.00000000 0.00000000
1APO 391,778.00 0.00000% 1000.00000000 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 6.15625% 1000.00000000 5.13020831 0.00000000 0.00000000
2A10 26,739,294.00 9.04018% 1000.00000000 7.53348050 0.00000000 0.00000000
2A11 6,150,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
2A12 25,019,332.00 6.75000% 1000.00000000 5.62499990 0.00000000 0.00000000
2APO 169,683.79 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 50.00 6.75000% 1000.00000000 5.60000000 0.00000000 0.00000000
A-LR 50.00 6.75000% 1000.00000000 5.60000000 0.00000000 0.00000000
B1 2,256,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B2 1,467,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B3 903,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B4 677,000.00 6.50000% 1000.00000000 5.41666174 0.00000000 0.00000000
B5 564,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B6 338,972.48 6.50000% 1000.00000000 5.41666391 0.00000000 0.00000000
2B1 3,127,000.00 6.75000% 1000.00000000 5.62500160 0.00000000 0.00000000
2B2 4,504,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
2B3 1,251,000.00 6.75000% 1000.00000000 5.62500400 0.00000000 0.00000000
2B4 750,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
2B5 376,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
2B6 625,637.70 6.75000% 1000.00000000 5.62499670 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 5.41666668 0.00000000 993.39588849
1APO 0.00000000 0.00000000 0.00000000 0.00000000 996.22260566
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 5.13020831 0.00000000 996.71831786
2A10 0.00000000 0.00000000 7.53348050 0.00000000 996.71831799
2A11 0.00000000 0.00000000 5.62500000 0.00000000 825.12396098
2A12 0.00000000 0.00000000 5.62499990 0.00000000 1000.00000000
2APO 0.00000000 0.00000000 0.00000000 0.00000000 999.14953573
A-R 0.00000000 0.00000000 5.60000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 5.60000000 0.00000000 0.00000000
B1 0.00000000 0.00000000 5.41666667 0.00000000 996.80535018
B2 0.00000000 0.00000000 5.41666667 0.00000000 996.80535106
B3 0.00000000 0.00000000 5.41666667 0.00000000 996.80534884
B4 0.00000000 0.00000000 5.41666174 0.00000000 996.80534712
B5 0.00000000 0.00000000 5.41666667 0.00000000 996.80535461
B6 0.00000000 0.00000000 5.41666391 0.00000000 996.80534538
2B1 0.00000000 0.00000000 5.62500160 0.00000000 999.23561241
2B2 0.00000000 0.00000000 5.62500000 0.00000000 999.23561279
2B3 0.00000000 0.00000000 5.62500400 0.00000000 999.23561151
2B4 0.00000000 0.00000000 5.62500000 0.00000000 999.23561333
2B5 0.00000000 0.00000000 5.62500000 0.00000000 999.23561170
2B6 0.00000000 0.00000000 5.62499670 0.00000000 999.23561192
<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 5,611,463.13
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 97,696.69
Realized Losses 0.00
Total Deposits 5,709,159.82
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 105,316.85
Payment of Interest and Principal 5,603,842.96
Total Withdrawals (Pool Distribution Amount) 5,709,159.81
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 546.63
Servicing Fee Support 546.63
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 99,123.11
Master Servicing Fee 6,740.37
Supported Prepayment/Curtailment Interest Shortfall 546.63
Net Servicing Fee 105,316.85
</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 5 2,322,433.16 0.358680% 0.491159%
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 5 2,322,433.16 0.358680% 0.491159%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 494.36
Cumulative Realized Losses - Includes Interest Shortfall 494.36
Principal Balance of Contaminated Properties 0.00
Periodic Advance 796,922.37
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.267564%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 272
Begin Scheduled Collateral Loan Count 1,399
Number Of Loans Paid In Full 5
End Scheduled Collateral Loan Count 1,394
Begining Scheduled Collateral Balance 475,825,071.97
Ending Scheduled Collateral Balance 472,847,167.42
Ending Actual Collateral Balance at 31-Jul-1998 471,661,033.84
Ending Scheduled Balance For Norwest 398,404,864.37
Ending Scheduled Balance For Other Services 74,442,303.38
Monthly P &I Constant 3,645,949.26
Class A Optimal Amount 5,481,329.08
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 423,444,086.22
Ending scheduled Balance For discounted Loans 49,403,081.20
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 433,352,267.78
Greater Than 80%, less than or equal to 85% 6,222,310.96
Greater than 85%, less than or equal to 95% 32,657,506.07
Greater than 95% 828,845.14
</TABLE>
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