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Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1998-18 TRUST, 8-K, 1998-10-06 |
Next: PULITZER INC, 10-12B, 1998-10-06 |
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): September 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.
11000 Broken Land Parkway
21044
Columbia, 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 September 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
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: 10/2/98
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 September
25, 1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 8/31/98
Distribution Date:
9/25/98
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% 217,587,475.04 1,178,598.82 1,761,332.41
1APO NMB9819P1 PO 0.00000% 390,298.10 0.00 1,510.00
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 6.14844% 102,798,810.25 526,710.26 422,691.12
2A10 66937N2U1 PAC 9.07030% 26,651,544.14 201,447.98 109,586.59
2A11 66937N2V9 SEQ 6.75000% 5,074,512.36 28,544.13 587,144.16
2A12 66937N2W7 SEQ 6.75000% 25,019,332.00 140,733.74 0.00
AP NMB9819P2 PO 0.00000% 169,539.48 0.00 147.17
A-R 66937N2X5 R 6.75000% 0.00 0.00 0.00
A-LR 66937N2Y3 ALR 6.75000% 0.00 0.00 0.00
B1 66937N2G2 SUB 6.50000% 2,248,792.87 12,180.96 7,268.87
B2 66937N2H0 SUB 6.50000% 1,462,313.45 7,920.86 4,726.70
B3 66937N2J6 SUB 6.50000% 900,115.23 4,875.62 2,909.48
B4 66937N3V8 SUB 6.50000% 674,837.22 3,655.37 2,181.31
B5 66937N3W6 SUB 6.50000% 562,198.22 3,045.24 1,817.22
B6 66937N3X4 SUB 6.50000% 337,889.58 1,830.24 941.54
2B1 66937N2Z0 SUB 6.75000% 3,124,609.76 17,575.93 2,440.63
2B2 66937N3A4 SUB 6.75000% 4,500,557.20 25,315.63 3,515.38
2B3 66937N3B2 SUB 6.75000% 1,250,043.75 7,031.50 976.41
2B4 66937N3C0 SUB 6.75000% 749,426.71 4,215.53 585.38
2B5 66937N3D8 SUB 6.75000% 375,712.59 2,113.38 293.47
2B6 66937N3E6 SUB 6.75000% 625,159.47 3,516.52 389.18
Totals 472,847,167.42 2,609,996.71 2,910,457.02
</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 0.00 215,826,142.63 2,939,931.23 0.00
1APO 0.00 388,788.10 1,510.00 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 0.00 102,376,119.13 949,401.38 0.00
2A10 0.00 26,541,957.55 311,034.57 0.00
2A11 0.00 4,487,368.20 615,688.29 0.00
2A12 0.00 25,019,332.00 140,733.74 0.00
AP 0.00 169,392.31 147.17 0.00
A-R 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 0.00 0.00
B1 0.00 2,241,523.99 19,449.83 0.00
B2 0.00 1,457,586.75 12,647.56 0.00
B3 0.00 897,205.75 7,785.10 0.00
B4 0.00 672,655.91 5,836.68 0.00
B5 0.00 560,381.00 4,862.46 0.00
B6 150.64 336,797.41 2,771.78 495.47
2B1 0.00 3,122,169.14 20,016.56 0.00
2B2 0.00 4,497,041.83 28,831.01 0.00
2B3 0.00 1,249,067.35 8,007.91 0.00
2B4 0.00 748,841.33 4,800.91 0.00
2B5 0.00 375,419.12 2,406.85 0.00
2B6 99.13 624,671.16 3,905.70 248.66
Totals 249.77 469,936,460.66 5,520,453.73 744.13
<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 219,034,000.00 217,587,475.04 703,317.73 1,058,014.67 0.00 0.00
1APO 391,778.00 390,298.10 1,312.31 197.69 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 103,137,274.00 102,798,810.25 70,162.93 352,528.19 0.00 0.00
2A10 26,739,294.00 26,651,544.14 18,190.39 91,396.20 0.00 0.00
2A11 6,150,000.00 5,074,512.36 102,198.73 513,489.56 -28,544.13 0.00
2A12 25,019,332.00 25,019,332.00 0.00 0.00 0.00 0.00
AP 169,683.79 169,539.48 143.81 3.36 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 2,248,792.87 7,268.87 0.00 0.00 0.00
B2 1,467,000.00 1,462,313.45 4,726.70 0.00 0.00 0.00
B3 903,000.00 900,115.23 2,909.48 0.00 0.00 0.00
B4 677,000.00 674,837.22 2,181.31 0.00 0.00 0.00
B5 564,000.00 562,198.22 1,817.22 0.00 0.00 0.00
B6 338,972.48 337,889.58 941.54 0.00 0.00 150.64
2B1 3,127,000.00 3,124,609.76 2,440.63 0.00 0.00 0.00
2B2 4,504,000.00 4,500,557.20 3,515.38 0.00 0.00 0.00
2B3 1,251,000.00 1,250,043.75 976.41 0.00 0.00 0.00
2B4 750,000.00 749,426.71 585.38 0.00 0.00 0.00
2B5 376,000.00 375,712.59 293.47 0.00 0.00 0.00
2B6 625,637.70 625,159.47 389.18 0.00 0.00 99.13
Totals 475,825,071.97 472,847,167.42 923,371.47 2,015,629.67 (28,544.13) 249.77
<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 1,761,332.41 215,826,142.63 0.98535452 1,761,332.41
1APO 1,510.00 388,788.10 0.99236838 1,510.00
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 422,691.12 102,376,119.13 0.99261998 422,691.12
2A10 109,586.59 26,541,957.55 0.99261998 109,586.59
2A11 587,144.16 4,487,368.20 0.72965337 587,144.16
2A12 0.00 25,019,332.00 1.00000000 0.00
AP 147.17 169,392.31 0.99828222 147.17
A-R 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B1 7,268.87 2,241,523.99 0.99358333 7,268.87
B2 4,726.70 1,457,586.75 0.99358333 4,726.70
B3 2,909.48 897,205.75 0.99358333 2,909.48
B4 2,181.31 672,655.91 0.99358332 2,181.31
B5 1,817.22 560,381.00 0.99358333 1,817.22
B6 1,092.18 336,797.41 0.99358334 941.54
2B1 2,440.63 3,122,169.14 0.99845511 2,440.63
2B2 3,515.38 4,497,041.83 0.99845511 3,515.38
2B3 976.41 1,249,067.35 0.99845512 976.41
2B4 585.38 748,841.33 0.99845511 585.38
2B5 293.47 375,419.12 0.99845511 293.47
2B6 488.31 624,671.16 0.99845511 389.18
Totals 2,910,706.79 469,936,460.66 0.98762442 2,910,457.02
</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 219,034,000.00 993.39588849 3.21099797 4.83036729 0.00000000
1APO 391,778.00 996.22260566 3.34962657 0.50459699 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 103,137,274.00 996.71831786 0.68028684 3.41804836 0.00000000
2A10 26,739,294.00 996.71831799 0.68028685 3.41804836 0.00000000
2A11 6,150,000.00 825.12396098 16.61767967 83.49423740 -4.64132195
2A12 25,019,332.00 1000.00000000 0.00000000 0.00000000 0.00000000
AP 169,683.79 999.14953573 0.84751761 0.01980154 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 2,256,000.00 996.80535018 3.22201684 0.00000000 0.00000000
B2 1,467,000.00 996.80535106 3.22201772 0.00000000 0.00000000
B3 903,000.00 996.80534884 3.22201550 0.00000000 0.00000000
B4 677,000.00 996.80534712 3.22202363 0.00000000 0.00000000
B5 564,000.00 996.80535461 3.22202128 0.00000000 0.00000000
B6 338,972.48 996.80534538 2.77762962 0.00000000 0.00000000
2B1 3,127,000.00 999.23561241 0.78050208 0.00000000 0.00000000
2B2 4,504,000.00 999.23561279 0.78050178 0.00000000 0.00000000
2B3 1,251,000.00 999.23561151 0.78050360 0.00000000 0.00000000
2B4 750,000.00 999.23561333 0.78050667 0.00000000 0.00000000
2B5 376,000.00 999.23561170 0.78050532 0.00000000 0.00000000
2B6 625,637.70 999.23561192 0.62205331 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 8.04136531 985.35452318 0.98535452 8.04136531
1APO 0.00000000 3.85422357 992.36838209 0.99236838 3.85422357
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 4.09833520 992.61998267 0.99261998 4.09833520
2A10 0.00000000 4.09833521 992.61998279 0.99261998 4.09833521
2A11 0.00000000 95.47059512 729.65336585 0.72965337 95.47059512
2A12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AP 0.00000000 0.86731915 998.28221659 0.99828222 0.86731915
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 3.22201684 993.58332890 0.99358333 3.22201684
B2 0.00000000 3.22201772 993.58333333 0.99358333 3.22201772
B3 0.00000000 3.22201550 993.58333333 0.99358333 3.22201550
B4 0.00000000 3.22202363 993.58332349 0.99358332 3.22202363
B5 0.00000000 3.22202128 993.58333333 0.99358333 3.22202128
B6 0.44440186 3.22203148 993.58334340 0.99358334 2.77762962
2B1 0.00000000 0.78050208 998.45511353 0.99845511 0.78050208
2B2 0.00000000 0.78050178 998.45511323 0.99845511 0.78050178
2B3 0.00000000 0.78050360 998.45511591 0.99845512 0.78050360
2B4 0.00000000 0.78050667 998.45510667 0.99845511 0.78050667
2B5 0.00000000 0.78050532 998.45510638 0.99845511 0.78050532
2B6 0.15844633 0.78049964 998.45511228 0.99845511 0.62205331
<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% 217,587,475.04 1,178,598.82 0.00 0.00
1APO 391,778.00 0.00000% 390,298.10 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 6.14844% 102,798,810.25 526,710.26 0.00 0.00
2A10 26,739,294.00 9.07030% 26,651,544.14 201,447.98 0.00 0.00
2A11 6,150,000.00 6.75000% 5,074,512.36 28,544.13 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% 169,539.48 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% 2,248,792.87 12,180.96 0.00 0.00
B2 1,467,000.00 6.50000% 1,462,313.45 7,920.86 0.00 0.00
B3 903,000.00 6.50000% 900,115.23 4,875.62 0.00 0.00
B4 677,000.00 6.50000% 674,837.22 3,655.37 0.00 0.00
B5 564,000.00 6.50000% 562,198.22 3,045.24 0.00 0.00
B6 338,972.48 6.50000% 337,889.58 1,830.24 0.00 0.00
2B1 3,127,000.00 6.75000% 3,124,609.76 17,575.93 0.00 0.00
2B2 4,504,000.00 6.75000% 4,500,557.20 25,315.63 0.00 0.00
2B3 1,251,000.00 6.75000% 1,250,043.75 7,031.50 0.00 0.00
2B4 750,000.00 6.75000% 749,426.71 4,215.53 0.00 0.00
2B5 376,000.00 6.75000% 375,712.59 2,113.38 0.00 0.00
2B6 625,637.70 6.75000% 625,159.47 3,516.52 0.00 0.00
Totals 475,825,071.97 2,609,996.71 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 1,178,598.82 0.00 215,826,142.63
1APO 0.00 0.00 0.00 0.00 388,788.10
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 0.00 526,710.26 0.00 102,376,119.13
2A10 0.00 0.00 201,447.98 0.00 26,541,957.55
2A11 0.00 0.00 28,544.13 0.00 4,487,368.20
2A12 0.00 0.00 140,733.74 0.00 25,019,332.00
AP 0.00 0.00 0.00 0.00 169,392.31
A-R 0.00 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 0.00 0.00 0.00
B1 0.00 0.00 12,180.96 0.00 2,241,523.99
B2 0.00 0.00 7,920.86 0.00 1,457,586.75
B3 0.00 0.00 4,875.62 0.00 897,205.75
B4 0.00 0.00 3,655.37 0.00 672,655.91
B5 0.00 0.00 3,045.24 0.00 560,381.00
B6 0.00 0.00 1,830.24 0.00 336,797.41
2B1 0.00 0.00 17,575.93 0.00 3,122,169.14
2B2 0.00 0.00 25,315.63 0.00 4,497,041.83
2B3 0.00 0.00 7,031.50 0.00 1,249,067.35
2B4 0.00 0.00 4,215.53 0.00 748,841.33
2B5 0.00 0.00 2,113.38 0.00 375,419.12
2B6 0.00 0.00 3,516.52 0.00 624,671.16
Totals 0.00 0.00 2,609,996.71 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% 993.39588849 5.38089438 0.00000000 0.00000000
1APO 391,778.00 0.00000% 996.22260566 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 6.14844% 996.71831786 5.10688561 0.00000000 0.00000000
2A10 26,739,294.00 9.07030% 996.71831799 7.53378081 0.00000000 0.00000000
2A11 6,150,000.00 6.75000% 825.12396098 4.64132195 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% 999.14953573 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% 996.80535018 5.39936170 0.00000000 0.00000000
B2 1,467,000.00 6.50000% 996.80535106 5.39935924 0.00000000 0.00000000
B3 903,000.00 6.50000% 996.80534884 5.39935770 0.00000000 0.00000000
B4 677,000.00 6.50000% 996.80534712 5.39936484 0.00000000 0.00000000
B5 564,000.00 6.50000% 996.80535461 5.39936170 0.00000000 0.00000000
B6 338,972.48 6.50000% 996.80534538 5.39937637 0.00000000 0.00000000
2B1 3,127,000.00 6.75000% 999.23561241 5.62070035 0.00000000 0.00000000
2B2 4,504,000.00 6.75000% 999.23561279 5.62069938 0.00000000 0.00000000
2B3 1,251,000.00 6.75000% 999.23561151 5.62070344 0.00000000 0.00000000
2B4 750,000.00 6.75000% 999.23561333 5.62070667 0.00000000 0.00000000
2B5 376,000.00 6.75000% 999.23561170 5.62069149 0.00000000 0.00000000
2B6 625,637.70 6.75000% 999.23561192 5.62069709 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 5.38089438 0.00000000 985.35452318
1APO 0.00000000 0.00000000 0.00000000 0.00000000 992.36838209
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 5.10688561 0.00000000 992.61998267
2A10 0.00000000 0.00000000 7.53378081 0.00000000 992.61998279
2A11 0.00000000 0.00000000 4.64132195 0.00000000 729.65336585
2A12 0.00000000 0.00000000 5.62499990 0.00000000 1000.00000000
AP 0.00000000 0.00000000 0.00000000 0.00000000 998.28221659
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 0.00000000 5.39936170 0.00000000 993.58332890
B2 0.00000000 0.00000000 5.39935924 0.00000000 993.58333333
B3 0.00000000 0.00000000 5.39935770 0.00000000 993.58333333
B4 0.00000000 0.00000000 5.39936484 0.00000000 993.58332349
B5 0.00000000 0.00000000 5.39936170 0.00000000 993.58333333
B6 0.00000000 0.00000000 5.39937637 0.00000000 993.58334340
2B1 0.00000000 0.00000000 5.62070035 0.00000000 998.45511353
2B2 0.00000000 0.00000000 5.62069938 0.00000000 998.45511323
2B3 0.00000000 0.00000000 5.62070344 0.00000000 998.45511591
2B4 0.00000000 0.00000000 5.62070667 0.00000000 998.45510667
2B5 0.00000000 0.00000000 5.62069149 0.00000000 998.45510638
2B6 0.00000000 0.00000000 5.62069709 0.00000000 998.45511228
<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 5,854,988.81
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 5,854,988.81
Withdrawals
Reimbursement for Servicer Advances 97,696.69
Payment of Service Fee 104,579.40
Payment of Interest and Principal 5,520,453.72
Total Withdrawals (Pool Distribution Amount) 5,722,729.81
Ending Balance 132,259.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 625.11
Servicing Fee Support 625.11
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 98,506.10
Master Servicing Fee 6,698.41
Supported Prepayment/Curtailment Interest Shortfall 625.11
Net Servicing Fee 104,579.40
</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 84,544.53 0.072046% 0.017991%
60 Days 1 477,700.00 0.072046% 0.101652%
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 2 562,244.53 0.144092% 0.119643%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 249.77
Cumulative Realized Losses - Includes Interest Shortfall 744.13
Principal Balance of Contaminated Properties 0.00
Periodic Advance 716,190.92
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.266794%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 271
Begin Scheduled Collateral Loan Count 1,394
Number Of Loans Paid In Full 6
End Scheduled Collateral Loan Count 1,388
Begining Scheduled Collateral Balance 472,847,167.42
Ending Scheduled Collateral Balance 469,936,460.66
Ending Actual Collateral Balance at 31-Aug-1998 471,728,983.39
Ending Scheduled Balance For Norwest 396,071,923.24
Ending Scheduled Balance For Other Services 73,864,537.42
Monthly P &I Constant 3,636,557.60
Class A Optimal Amount 5,397,474.20
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 420,714,065.61
Ending scheduled Balance For discounted Loans 49,222,395.05
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 430,455,518.47
Greater Than 80%, less than or equal to 85% 6,212,648.90
Greater than 85%, less than or equal to 95% 32,609,601.73
Greater than 95% 824,383.39
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
<TABLE>
Delinquency Status By Groups (Continued)
<CAPTION>
<S> <C>
Group ID Foreclosures REOs Bankruptcy
Number Balance Number Balance Number Balance
TOTAL
</TABLE>
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