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Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1998-18 TRUST, 8-K, 1998-12-04 |
Next: KEMPER INCOME TRUST, 497J, 1998-12-04 |
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): November 25, 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 November 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 November 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: 11/25/1998
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 November
25, 1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 10/30/1998
Distribution Date: 11/25/1998
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% 213,685,242.60 1,157,461.73 3,867,718.49
1APO NMB9819P1 PO 0.00000% 387,242.50 0.00 1,435.26
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 5.71938% 101,869,360.47 485,524.65 1,440,875.07
2A10 66937N2U1 PAC 10.72525% 26,410,575.67 236,049.99 373,560.21
2A11 66937N2V9 SEQ 6.75000% 3,126,235.53 17,585.07 3,126,235.53
2A12 66937N2W7 SEQ 6.75000% 25,019,332.00 140,733.74 0.00
AP NMB9819P2 PO 0.00000% 169,139.80 0.00 11,470.75
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% 2,234,211.41 12,101.98 7,316.14
B2 66937N2H0 SUB 6.50000% 1,452,831.62 7,869.50 4,757.44
B3 66937N2J6 SUB 6.50000% 894,278.77 4,844.01 2,928.40
B4 66937N3V8 SUB 6.50000% 670,461.49 3,631.67 2,195.49
B5 66937N3W6 SUB 6.50000% 558,552.85 3,025.49 1,829.03
B6 66937N3X4 SUB 6.50000% 335,698.66 1,491.80 0.00
2B1 66937N2Z0 SUB 6.75000% 3,119,720.60 17,548.43 2,444.54
2B2 66937N3A4 SUB 6.75000% 4,493,515.06 25,276.02 3,521.01
2B3 66937N3B2 SUB 6.75000% 1,248,087.78 7,020.49 977.97
2B4 66937N3C0 SUB 6.75000% 748,254.06 4,208.93 586.31
2B5 66937N3D8 SUB 6.75000% 375,124.70 2,110.08 293.94
2B6 66937N3E6 SUB 6.75000% 624,181.27 3,511.02 396.15
Totals 465,766,046.84 2,570,679.60 8,848,541.73
</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 0.00 209,817,524.11 5,025,180.22 0.00
1APO 0.00 385,807.23 1,435.26 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 0.00 100,428,485.40 1,926,399.72 0.00
2A10 0.00 26,037,015.46 609,610.20 0.00
2A11 0.00 0.00 3,143,820.60 0.00
2A12 0.00 25,019,332.00 140,733.74 0.00
AP 0.00 157,669.05 11,470.75 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 2,226,895.27 19,418.12 0.00
B2 0.00 1,448,074.18 12,626.94 0.00
B3 0.00 891,350.37 7,772.41 0.00
B4 0.00 668,266.00 5,827.16 0.00
B5 0.00 556,723.82 4,854.52 0.00
B6 1,099.28 334,599.38 1,491.80 1,594.75
2B1 0.00 3,117,276.06 19,992.97 0.00
2B2 0.00 4,489,994.05 28,797.03 0.00
2B3 0.00 1,247,109.80 7,998.46 0.00
2B4 0.00 747,667.75 4,795.24 0.00
2B5 0.00 374,830.76 2,404.02 0.00
2B6 92.94 623,692.17 3,907.17 341.60
Totals 1,192.22 456,916,312.86 11,419,221.33 1,936.35
<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 219,034,000.00 213,685,242.60 699,732.67 3,167,985.82 0.00 0.00
1APO 391,778.00 387,242.50 1,328.86 106.41 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 103,137,274.00 101,869,360.47 53,649.23 1,387,225.84 0.00 0.00
2A10 26,739,294.00 26,410,575.67 13,909.06 359,651.15 0.00 0.00
2A11 6,150,000.00 3,126,235.53 117,056.34 3,026,764.27 -17,585.07 0.00
2A12 25,019,332.00 25,019,332.00 0.00 0.00 0.00 0.00
AP 169,683.79 169,139.80 136.33 11,334.42 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 2,234,211.41 7,316.14 0.00 0.00 0.00
B2 1,467,000.00 1,452,831.62 4,757.44 0.00 0.00 0.00
B3 903,000.00 894,278.77 2,928.40 0.00 0.00 0.00
B4 677,000.00 670,461.49 2,195.49 0.00 0.00 0.00
B5 564,000.00 558,552.85 1,829.03 0.00 0.00 0.00
B6 338,972.48 335,698.66 0.00 0.00 0.00 1,099.28
2B1 3,127,000.00 3,119,720.60 2,444.54 0.00 0.00 0.00
2B2 4,504,000.00 4,493,515.06 3,521.01 0.00 0.00 0.00
2B3 1,251,000.00 1,248,087.78 977.97 0.00 0.00 0.00
2B4 750,000.00 748,254.06 586.31 0.00 0.00 0.00
2B5 376,000.00 375,124.70 293.94 0.00 0.00 0.00
2B6 625,637.70 624,181.27 396.15 0.00 0.00 92.94
Totals 475,825,071.97 465,766,046.84 913,058.91 7,953,067.91 (17,585.07) 1,192.22
<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 3,867,718.49 209,817,524.11 0.95792217 3,867,718.49
1APO 1,435.26 385,807.23 0.98475981 1,435.26
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 1,440,875.07 100,428,485.40 0.97373608 1,440,875.07
2A10 373,560.21 26,037,015.46 0.97373609 373,560.21
2A11 3,126,235.53 0.00 0.00000000 3,126,235.53
2A12 0.00 25,019,332.00 1.00000000 0.00
AP 11,470.75 157,669.05 0.92919335 11,470.75
A-R 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B1 7,316.14 2,226,895.27 0.98709897 7,316.14
B2 4,757.44 1,448,074.18 0.98709896 4,757.44
B3 2,928.40 891,350.37 0.98709897 2,928.40
B4 2,195.49 668,266.00 0.98709897 2,195.49
B5 1,829.03 556,723.82 0.98709897 1,829.03
B6 1,099.28 334,599.38 0.98709895 0.00
2B1 2,444.54 3,117,276.06 0.99689033 2,444.54
2B2 3,521.01 4,489,994.05 0.99689033 3,521.01
2B3 977.97 1,247,109.80 0.99689033 977.97
2B4 586.31 747,667.75 0.99689033 586.31
2B5 293.94 374,830.76 0.99689032 293.94
2B6 489.09 623,692.17 0.99689032 396.15
Totals 8,849,733.95 456,916,312.86 0.96026111 8,848,541.73
</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 219,034,000.00 975.58024142 3.19463038 14.46344321 0.00000000
1APO 391,778.00 988.42329074 3.39186989 0.27160790 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 103,137,274.00 987.70654410 0.52017305 13.45028607 0.00000000
2A10 26,739,294.00 987.70654416 0.52017305 13.45028593 0.00000000
2A11 6,150,000.00 508.33098049 19.03355122 492.15679187 -2.85936098
2A12 25,019,332.00 1000.00000000 0.00000000 0.00000000 0.00000000
AP 169,683.79 996.79409565 0.80343561 66.79730574 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 2,256,000.00 990.34193706 3.24296986 0.00000000 0.00000000
B2 1,467,000.00 990.34193592 3.24297205 0.00000000 0.00000000
B3 903,000.00 990.34193798 3.24296788 0.00000000 0.00000000
B4 677,000.00 990.34193501 3.24296898 0.00000000 0.00000000
B5 564,000.00 990.34193262 3.24296099 0.00000000 0.00000000
B6 338,972.48 990.34192982 0.00000000 0.00000000 0.00000000
2B1 3,127,000.00 997.67208187 0.78175248 0.00000000 0.00000000
2B2 4,504,000.00 997.67208259 0.78175178 0.00000000 0.00000000
2B3 1,251,000.00 997.67208633 0.78175060 0.00000000 0.00000000
2B4 750,000.00 997.67208000 0.78174667 0.00000000 0.00000000
2B5 376,000.00 997.67207447 0.78175532 0.00000000 0.00000000
2B6 625,637.70 997.67208722 0.63319394 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 17.65807359 957.92216784 0.95792217 17.65807359
1APO 0.00000000 3.66345226 984.75981296 0.98475981 3.66345226
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 13.97045912 973.73608498 0.97373608 13.97045912
2A10 0.00000000 13.97045898 973.73608518 0.97373609 13.97045898
2A11 0.00000000 508.33098049 0.00000000 0.00000000 508.33098049
2A12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AP 0.00000000 67.60074136 929.19335430 0.92919335 67.60074136
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 3.24296986 987.09896720 0.98709897 3.24296986
B2 0.00000000 3.24297205 987.09896387 0.98709896 3.24297205
B3 0.00000000 3.24296788 987.09897010 0.98709897 3.24296788
B4 0.00000000 3.24296898 987.09896603 0.98709897 3.24296898
B5 0.00000000 3.24296099 987.09897163 0.98709897 3.24296099
B6 3.24297713 3.24297713 987.09895269 0.98709895 0.00000000
2B1 0.00000000 0.78175248 996.89032939 0.99689033 0.78175248
2B2 0.00000000 0.78175178 996.89033082 0.99689033 0.78175178
2B3 0.00000000 0.78175060 996.89032774 0.99689033 0.78175060
2B4 0.00000000 0.78174667 996.89033333 0.99689033 0.78174667
2B5 0.00000000 0.78175532 996.89031915 0.99689032 0.78175532
2B6 0.14855243 0.78174637 996.89032486 0.99689032 0.63319394
<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% 213,685,242.60 1,157,461.73 0.00 0.00
1APO 391,778.00 0.00000% 387,242.50 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 5.71938% 101,869,360.47 485,524.65 0.00 0.00
2A10 26,739,294.00 10.72525% 26,410,575.67 236,049.99 0.00 0.00
2A11 6,150,000.00 6.75000% 3,126,235.53 17,585.07 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% 169,139.80 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% 2,234,211.41 12,101.98 0.00 0.00
B2 1,467,000.00 6.50000% 1,452,831.62 7,869.50 0.00 0.00
B3 903,000.00 6.50000% 894,278.77 4,844.01 0.00 0.00
B4 677,000.00 6.50000% 670,461.49 3,631.67 0.00 0.00
B5 564,000.00 6.50000% 558,552.85 3,025.49 0.00 0.00
B6 338,972.48 6.50000% 335,698.66 1,818.37 0.00 326.57
2B1 3,127,000.00 6.75000% 3,119,720.60 17,548.43 0.00 0.00
2B2 4,504,000.00 6.75000% 4,493,515.06 25,276.02 0.00 0.00
2B3 1,251,000.00 6.75000% 1,248,087.78 7,020.49 0.00 0.00
2B4 750,000.00 6.75000% 748,254.06 4,208.93 0.00 0.00
2B5 376,000.00 6.75000% 375,124.70 2,110.08 0.00 0.00
2B6 625,637.70 6.75000% 624,181.27 3,511.02 0.00 0.00
Totals 475,825,071.97 2,571,006.17 0.00 326.57
</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 1,157,461.73 0.00 209,817,524.11
1APO 0.00 0.00 0.00 0.00 385,807.23
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 0.00 485,524.65 0.00 100,428,485.40
2A10 0.00 0.00 236,049.99 0.00 26,037,015.46
2A11 0.00 0.00 17,585.07 0.00 0.00
2A12 0.00 0.00 140,733.74 0.00 25,019,332.00
AP 0.00 0.00 0.00 0.00 157,669.05
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 12,101.98 0.00 2,226,895.27
B2 0.00 0.00 7,869.50 0.00 1,448,074.18
B3 0.00 0.00 4,844.01 0.00 891,350.37
B4 0.00 0.00 3,631.67 0.00 668,266.00
B5 0.00 0.00 3,025.49 0.00 556,723.82
B6 0.00 0.00 1,491.80 326.57 334,599.38
2B1 0.00 0.00 17,548.43 0.00 3,117,276.06
2B2 0.00 0.00 25,276.02 0.00 4,489,994.05
2B3 0.00 0.00 7,020.49 0.00 1,247,109.80
2B4 0.00 0.00 4,208.93 0.00 747,667.75
2B5 0.00 0.00 2,110.08 0.00 374,830.76
2B6 0.00 0.00 3,511.02 0.00 623,692.17
Totals 0.00 0.00 2,570,679.60 326.57
<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% 975.58024142 5.28439297 0.00000000 0.00000000
1APO 391,778.00 0.00000% 988.42329074 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 5.71938% 987.70654410 4.70755752 0.00000000 0.00000000
2A10 26,739,294.00 10.72525% 987.70654416 8.82783180 0.00000000 0.00000000
2A11 6,150,000.00 6.75000% 508.33098049 2.85936098 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% 996.79409565 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% 990.34193706 5.36435284 0.00000000 0.00000000
B2 1,467,000.00 6.50000% 990.34193592 5.36434901 0.00000000 0.00000000
B3 903,000.00 6.50000% 990.34193798 5.36435216 0.00000000 0.00000000
B4 677,000.00 6.50000% 990.34193501 5.36435746 0.00000000 0.00000000
B5 564,000.00 6.50000% 990.34193262 5.36434397 0.00000000 0.00000000
B6 338,972.48 6.50000% 990.34192982 5.36435878 0.00000000 0.96341154
2B1 3,127,000.00 6.75000% 997.67208187 5.61190598 0.00000000 0.00000000
2B2 4,504,000.00 6.75000% 997.67208259 5.61190497 0.00000000 0.00000000
2B3 1,251,000.00 6.75000% 997.67208633 5.61190248 0.00000000 0.00000000
2B4 750,000.00 6.75000% 997.67208000 5.61190667 0.00000000 0.00000000
2B5 376,000.00 6.75000% 997.67207447 5.61191489 0.00000000 0.00000000
2B6 625,637.70 6.75000% 997.67208722 5.61190606 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 5.28439297 0.00000000 957.92216784
1APO 0.00000000 0.00000000 0.00000000 0.00000000 984.75981296
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 4.70755752 0.00000000 973.73608498
2A10 0.00000000 0.00000000 8.82783180 0.00000000 973.73608518
2A11 0.00000000 0.00000000 2.85936098 0.00000000 0.00000000
2A12 0.00000000 0.00000000 5.62499990 0.00000000 1000.00000000
AP 0.00000000 0.00000000 0.00000000 0.00000000 929.19335430
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 5.36435284 0.00000000 987.09896720
B2 0.00000000 0.00000000 5.36434901 0.00000000 987.09896387
B3 0.00000000 0.00000000 5.36435216 0.00000000 987.09897010
B4 0.00000000 0.00000000 5.36435746 0.00000000 987.09896603
B5 0.00000000 0.00000000 5.36434397 0.00000000 987.09897163
B6 0.00000000 0.00000000 4.40094724 0.96341154 987.09895269
2B1 0.00000000 0.00000000 5.61190598 0.00000000 996.89032939
2B2 0.00000000 0.00000000 5.61190497 0.00000000 996.89033082
2B3 0.00000000 0.00000000 5.61190248 0.00000000 996.89032774
2B4 0.00000000 0.00000000 5.61190667 0.00000000 996.89033333
2B5 0.00000000 0.00000000 5.61191489 0.00000000 996.89031915
2B6 0.00000000 0.00000000 5.61190606 0.00000000 996.89032486
<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 11,652,508.35
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 11,652,508.35
Withdrawals
Reimbursement for Servicer Advances 74,457.84
Payment of Service Fee 100,784.35
Payment of Interest and Principal 11,419,221.37
Total Withdrawals (Pool Distribution Amount) 11,594,463.56
Ending Balance 58,044.79
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,782.18
Servicing Fee Support 2,782.18
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 96,972.41
Master Servicing Fee 6,594.12
Supported Prepayment/Curtailment Interest Shortfall 2,782.18
Net Servicing Fee 100,784.35
</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 0 0.00 0.000000% 0.000000%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 84,544.53 0.073421% 0.018503%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 1 84,544.53 0.073421% 0.018503%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 1,192.22
Cumulative Realized Losses - Includes Interest Shortfall 1,936.35
Principal Balance of Contaminated Properties 0.00
Periodic Advance 699,199.21
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.265875%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 269
Begin Scheduled Collateral Loan Count 1,380
Number Of Loans Paid In Full 18
End Scheduled Collateral Loan Count 1,362
Begining Scheduled Collateral Balance 465,766,046.85
Ending Scheduled Collateral Balance 456,916,312.88
Ending Actual Collateral Balance at 30-Oct-1998 462,694,978.67
Ending Scheduled Balance For Norwest 384,570,761.16
Ending Scheduled Balance For Other Services 72,345,551.72
Monthly P &I Constant 3,601,820.90
Class A Optimal Amount 11,286,429.49
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 408,504,614.76
Ending scheduled Balance For discounted Loans 48,411,698.12
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 418,024,258.60
Greater Than 80%, less than or equal to 85% 6,192,104.03
Greater than 85%, less than or equal to 95% 32,215,478.19
Greater than 95% 656,554.10
</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 7.083709 7.429034
Weighted Average Net Rate 6.490157 6.745352
Weighted Average Maturity 174.00 354.00
Beginning Loan Count 650 730
Loans Paid In Full 7 11
Ending Loan Count 643 719
Beginning Scheduled Balance 220,218,519.90 245,547,526.95
Ending scheduled Balance 216,329,240.37 240,587,072.51
Record Date 10/30/1998 10/30/1998
Principal And Interest Constant 1,970,948.15 1,630,872.74
Scheduled Principal 721,187.30 192,409.07
Unscheduled Principal 3,168,092.23 4,768,045.37
Scheduled Interest 1,238,385.07 1,434,863.97
Servicing Fees 45,817.54 51,154.87
Master Servicing Fees 3,115.59 3,478.53
Trustee Fee 0.00 0.00
FRY Amount 59,847.17 85,261.35
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 1,129,604.78 1,294,969.22
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group
30 Days 60 Days 90 + Days Foreclosure REO Bankruptc
1 Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
Percentage Of Balanc 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 0 0 0 0 0 0
Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
2 Principal Balance 0.00 0.00 84,544.53 0.00 0.00 0.00
Percentage Of Balanc 0.000% 0.000% 0.035% 0.000% 0.000% 0.000%
Loan Count 0 0 1 0 0 0
Percentage Of Loans 0.000% 0.000% 0.139% 0.000% 0.000% 0.000%
</TABLE>
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