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Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1998-17 TRUST, 8-K, 1999-01-12 |
Next: CONEXANT SYSTEMS INC, 8-K, 1999-01-12 |
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): December 28, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-19 Trust
New York (governing law of 333-45012-19 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 December 28, 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
Monthly report distributed to holders of
EX-99.1 Mortgage Pass-Through Certificates, Series
1998-19 Trust, relating to the December 28,
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: 1/6/99
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 December
28, 1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 11/30/98
Distribution Date: 12/28/98
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>
1-A-1 66937N2F4 SEQ 6.50000% 209,817,524.11 1,136,511.59 3,911,851.11
1-A-PO NMB9819P1 PO 0.00000% 385,807.23 0.00 1,971.74
2-A-1 66937N2K3 PAC 6.20000% 8,057,000.00 41,627.83 0.00
2-A-2 66937N2L1 PAC 6.20000% 14,166,000.00 73,191.00 0.00
2-A-3 66937N2M9 PAC 6.25000% 15,000,000.00 78,125.00 0.00
2-A-1 66937N2N7 PAC 6.25000% 14,036,000.00 73,104.17 0.00
2-A-5 66937N2P2 PAC 6.35000% 11,898,000.00 62,960.25 0.00
2-A-6 66937N2Q0 PAC 6.40000% 9,753,000.00 52,016.00 0.00
2-A-7 66937N2R8 PAC 6.50000% 5,434,000.00 29,434.17 0.00
2-A-8 66937N2S6 IO 6.75000% 0.00 30,226.58 0.00
2-A-9 66937N2T4 PAC 5.54234% 100,428,485.40 463,840.68 3,433,454.89
2-A-10 66937N2U1 PAC 11.40812% 26,037,015.46 247,527.77 890,155.00
1-A-11 66937N2V9 SEQ 6.75000% 0.00 0.00 0.00
2-A-12 66937N2W7 SEQ 6.75000% 25,019,332.00 140,733.74 0.00
2-A-PO NMB9819P2 PO 0.00000% 157,669.05 0.00 140.33
2-A-R 66937N2X5 R 6.75000% 0.00 0.00 0.00
2-A-LR 66937N2Y3 ALR 6.75000% 0.00 0.00 0.00
1-B-1 66937N2G2 SUB 6.50000% 2,226,895.27 12,062.35 7,371.47
1-B-2 66937N2H0 SUB 6.50000% 1,448,074.18 7,843.74 4,793.42
1-B-3 66937N2J6 SUB 6.50000% 891,350.37 4,828.15 2,950.55
1-B-4 66937N3V8 SUB 6.50000% 668,266.00 3,619.77 2,212.10
1-B-5 66937N3W6 SUB 6.50000% 556,723.82 3,015.59 1,842.87
1-B-6 66937N3X4 SUB 6.50000% 334,599.38 2,138.98 657.08
2-B-1 66937N2Z0 SUB 6.75000% 3,117,276.06 17,534.68 2,447.53
2-B-2 66937N3A4 SUB 6.75000% 4,489,994.05 25,256.22 3,525.32
2-B-3 66937N3B2 SUB 6.75000% 1,247,109.80 7,014.99 979.17
2-B-4 66937N3C0 SUB 6.75000% 747,667.75 4,205.63 587.03
2-B-5 66937N3D8 SUB 6.75000% 374,830.76 2,108.42 294.30
2-B-6 66937N3E6 SUB 6.75000% 623,692.17 3,508.27 475.08
Totals 456,916,312.86 2,522,435.57 8,265,708.99
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
1-A-1 0.00 205,905,673.00 5,048,362.70 0.00
1-A-PO 0.00 383,835.49 1,971.74 0.00
2-A-1 0.00 8,057,000.00 41,627.83 0.00
2-A-2 0.00 14,166,000.00 73,191.00 0.00
2-A-3 0.00 15,000,000.00 78,125.00 0.00
2-A-1 0.00 14,036,000.00 73,104.17 0.00
2-A-5 0.00 11,898,000.00 62,960.25 0.00
2-A-6 0.00 9,753,000.00 52,016.00 0.00
2-A-7 0.00 5,434,000.00 29,434.17 0.00
2-A-8 0.00 0.00 30,226.58 0.00
2-A-9 0.00 96,995,030.51 3,897,295.57 0.00
2-A-10 0.00 25,146,860.46 1,137,682.77 0.00
1-A-11 0.00 0.00 0.00 0.00
2-A-12 0.00 25,019,332.00 140,733.74 0.00
2-A-PO 0.00 157,528.72 140.33 0.00
2-A-R 0.00 0.00 0.00 0.00
2-A-LR 0.00 0.00 0.00 0.00
1-B-1 0.00 2,219,523.80 19,433.82 0.00
1-B-2 0.00 1,443,280.77 12,637.16 0.00
1-B-3 0.00 888,399.82 7,778.70 0.00
1-B-4 0.00 666,053.91 5,831.87 0.00
1-B-5 0.00 554,880.95 4,858.46 0.00
1-B-6 450.52 333,491.79 2,796.06 2,045.27
2-B-1 0.00 3,114,828.53 19,982.21 0.00
2-B-2 0.00 4,486,468.73 28,781.54 0.00
2-B-3 0.00 1,246,130.63 7,994.16 0.00
2-B-4 0.00 747,080.72 4,792.66 0.00
2-B-5 0.00 374,536.47 2,402.72 0.00
2-B-6 14.62 623,202.48 3,983.35 356.22
Totals 465.14 448,650,138.78 10,788,144.56 2,401.49
<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>
1-A-1 219,034,000.00 209,817,524.11 694,538.42 3,217,312.69 0.00 0.00
1-A-PO 391,778.00 385,807.23 1,337.03 634.71 0.00 0.00
2-A-1 8,057,000.00 8,057,000.00 0.00 0.00 0.00 0.00
2-A-2 14,166,000.00 14,166,000.00 0.00 0.00 0.00 0.00
2-A-3 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00
2-A-1 14,036,000.00 14,036,000.00 0.00 0.00 0.00 0.00
2-A-5 11,898,000.00 11,898,000.00 0.00 0.00 0.00 0.00
2-A-6 9,753,000.00 9,753,000.00 0.00 0.00 0.00 0.00
2-A-7 5,434,000.00 5,434,000.00 0.00 0.00 0.00 0.00
2-A-8 0.00 0.00 0.00 0.00 0.00 0.00
2-A-9 103,137,274.00 100,428,485.40 143,298.66 3,290,156.24 0.00 0.00
2-A-10 26,739,294.00 26,037,015.46 37,151.50 853,003.49 0.00 0.00
1-A-11 6,150,000.00 0.00 0.00 0.00 0.00 0.00
2-A-12 25,019,332.00 25,019,332.00 0.00 0.00 0.00 0.00
2-A-PO 169,683.79 157,669.05 137.13 3.20 0.00 0.00
2-A-R 50.00 0.00 0.00 0.00 0.00 0.00
2-A-LR 50.00 0.00 0.00 0.00 0.00 0.00
1-B-1 2,256,000.00 2,226,895.27 7,371.47 0.00 0.00 0.00
1-B-2 1,467,000.00 1,448,074.18 4,793.42 0.00 0.00 0.00
1-B-3 903,000.00 891,350.37 2,950.55 0.00 0.00 0.00
1-B-4 677,000.00 668,266.00 2,212.10 0.00 0.00 0.00
1-B-5 564,000.00 556,723.82 1,842.87 0.00 0.00 0.00
1-B-6 338,972.48 334,599.38 657.08 0.00 0.00 450.52
2-B-1 3,127,000.00 3,117,276.06 2,447.53 0.00 0.00 0.00
2-B-2 4,504,000.00 4,489,994.05 3,525.32 0.00 0.00 0.00
2-B-3 1,251,000.00 1,247,109.80 979.17 0.00 0.00 0.00
2-B-4 750,000.00 747,667.75 587.03 0.00 0.00 0.00
2-B-5 376,000.00 374,830.76 294.30 0.00 0.00 0.00
2-B-6 625,637.70 623,692.17 475.08 0.00 0.00 14.62
Totals 475,825,071.97 456,916,312.86 904,598.66 7,361,110.33 0.00 465.14
<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>
1-A-1 3,911,851.11 205,905,673.00 0.94006261 3,911,851.11
1-A-PO 1,971.74 383,835.49 0.97972701 1,971.74
2-A-1 0.00 8,057,000.00 1.00000000 0.00
2-A-2 0.00 14,166,000.00 1.00000000 0.00
2-A-3 0.00 15,000,000.00 1.00000000 0.00
2-A-1 0.00 14,036,000.00 1.00000000 0.00
2-A-5 0.00 11,898,000.00 1.00000000 0.00
2-A-6 0.00 9,753,000.00 1.00000000 0.00
2-A-7 0.00 5,434,000.00 1.00000000 0.00
2-A-8 0.00 0.00 0.00000000 0.00
2-A-9 3,433,454.89 96,995,030.51 0.94044594 3,433,454.89
2-A-10 890,155.00 25,146,860.46 0.94044594 890,155.00
1-A-11 0.00 0.00 0.00000000 0.00
2-A-12 0.00 25,019,332.00 1.00000000 0.00
2-A-PO 140.33 157,528.72 0.92836635 140.33
2-A-R 0.00 0.00 0.00000000 0.00
2-A-LR 0.00 0.00 0.00000000 0.00
1-B-1 7,371.47 2,219,523.80 0.98383147 7,371.47
1-B-2 4,793.42 1,443,280.77 0.98383147 4,793.42
1-B-3 2,950.55 888,399.82 0.98383147 2,950.55
1-B-4 2,212.10 666,053.91 0.98383148 2,212.10
1-B-5 1,842.87 554,880.95 0.98383147 1,842.87
1-B-6 1,107.60 333,491.79 0.98383146 657.08
2-B-1 2,447.53 3,114,828.53 0.99610762 2,447.53
2-B-2 3,525.32 4,486,468.73 0.99610762 3,525.32
2-B-3 979.17 1,246,130.63 0.99610762 979.17
2-B-4 587.03 747,080.72 0.99610763 587.03
2-B-5 294.30 374,536.47 0.99610763 294.30
2-B-6 489.70 623,202.48 0.99610762 475.08
Totals 8,266,174.13 448,650,138.78 0.94288882 8,265,708.99
</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>
1-A-1 219,034,000.00 957.92216784 3.17091602 14.68864510 0.00000000
1-A-PO 391,778.00 984.75981296 3.41272353 1.62007566 0.00000000
2-A-1 8,057,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-2 14,166,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-3 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-1 14,036,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-5 11,898,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-6 9,753,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-7 5,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-8 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-9 103,137,274.00 973.73608498 1.38939740 31.90074851 0.00000000
2-A-10 26,739,294.00 973.73608518 1.38939719 31.90074839 0.00000000
1-A-11 6,150,000.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-12 25,019,332.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-PO 169,683.79 929.19335430 0.80815027 0.01885861 0.00000000
2-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-B-1 2,256,000.00 987.09896720 3.26749557 0.00000000 0.00000000
1-B-2 1,467,000.00 987.09896387 3.26749830 0.00000000 0.00000000
1-B-3 903,000.00 987.09897010 3.26749723 0.00000000 0.00000000
1-B-4 677,000.00 987.09896603 3.26750369 0.00000000 0.00000000
1-B-5 564,000.00 987.09897163 3.26750000 0.00000000 0.00000000
1-B-6 338,972.48 987.09895269 1.93844645 0.00000000 0.00000000
2-B-1 3,127,000.00 996.89032939 0.78270867 0.00000000 0.00000000
2-B-2 4,504,000.00 996.89033082 0.78270870 0.00000000 0.00000000
2-B-3 1,251,000.00 996.89032774 0.78270983 0.00000000 0.00000000
2-B-4 750,000.00 996.89033333 0.78270667 0.00000000 0.00000000
2-B-5 376,000.00 996.89031915 0.78271277 0.00000000 0.00000000
2-B-6 625,637.70 996.89032486 0.75935322 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>
1-A-1 0.00000000 17.85956112 940.06260672 0.94006261 17.85956112
1-A-PO 0.00000000 5.03279919 979.72701377 0.97972701 5.03279919
2-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-8 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-9 0.00000000 33.29014581 940.44593917 0.94044594 33.29014581
2-A-10 0.00000000 33.29014596 940.44593922 0.94044594 33.29014596
1-A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-PO 0.00000000 0.82700887 928.36634542 0.92836635 0.82700887
2-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-B-1 0.00000000 3.26749557 983.83147163 0.98383147 3.26749557
1-B-2 0.00000000 3.26749830 983.83147239 0.98383147 3.26749830
1-B-3 0.00000000 3.26749723 983.83147287 0.98383147 3.26749723
1-B-4 0.00000000 3.26750369 983.83147710 0.98383148 3.26750369
1-B-5 0.00000000 3.26750000 983.83147163 0.98383147 3.26750000
1-B-6 1.32907545 3.26752189 983.83146030 0.98383146 1.93844645
2-B-1 0.00000000 0.78270867 996.10762072 0.99610762 0.78270867
2-B-2 0.00000000 0.78270870 996.10762211 0.99610762 0.78270870
2-B-3 0.00000000 0.78270983 996.10761791 0.99610762 0.78270983
2-B-4 0.00000000 0.78270667 996.10762667 0.99610763 0.78270667
2-B-5 0.00000000 0.78271277 996.10763298 0.99610763 0.78271277
2-B-6 0.02336816 0.78272137 996.10761947 0.99610762 0.75935322
<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>
1-A-1 219,034,000.00 6.50000% 209,817,524.11 1,136,511.59 0.00 0.00
1-A-PO 391,778.00 0.00000% 385,807.23 0.00 0.00 0.00
2-A-1 8,057,000.00 6.20000% 8,057,000.00 41,627.83 0.00 0.00
2-A-2 14,166,000.00 6.20000% 14,166,000.00 73,191.00 0.00 0.00
2-A-3 15,000,000.00 6.25000% 15,000,000.00 78,125.00 0.00 0.00
2-A-1 14,036,000.00 6.25000% 14,036,000.00 73,104.17 0.00 0.00
2-A-5 11,898,000.00 6.35000% 11,898,000.00 62,960.25 0.00 0.00
2-A-6 9,753,000.00 6.40000% 9,753,000.00 52,016.00 0.00 0.00
2-A-7 5,434,000.00 6.50000% 5,434,000.00 29,434.17 0.00 0.00
2-A-8 0.00 6.75000% 5,373,614.81 30,226.58 0.00 0.00
2-A-9 103,137,274.00 5.54234% 100,428,485.40 463,840.68 0.00 0.00
2-A-10 26,739,294.00 11.40812% 26,037,015.46 247,527.77 0.00 0.00
1-A-11 6,150,000.00 6.75000% 0.00 0.00 0.00 0.00
2-A-12 25,019,332.00 6.75000% 25,019,332.00 140,733.74 0.00 0.00
2-A-PO 169,683.79 0.00000% 157,669.05 0.00 0.00 0.00
2-A-R 50.00 6.75000% 0.00 0.00 0.00 0.00
2-A-LR 50.00 6.75000% 0.00 0.00 0.00 0.00
1-B-1 2,256,000.00 6.50000% 2,226,895.27 12,062.35 0.00 0.00
1-B-2 1,467,000.00 6.50000% 1,448,074.18 7,843.74 0.00 0.00
1-B-3 903,000.00 6.50000% 891,350.37 4,828.15 0.00 0.00
1-B-4 677,000.00 6.50000% 668,266.00 3,619.77 0.00 0.00
1-B-5 564,000.00 6.50000% 556,723.82 3,015.59 0.00 0.00
1-B-6 338,972.48 6.50000% 334,599.38 1,812.41 326.57 0.00
2-B-1 3,127,000.00 6.75000% 3,117,276.06 17,534.68 0.00 0.00
2-B-2 4,504,000.00 6.75000% 4,489,994.05 25,256.22 0.00 0.00
2-B-3 1,251,000.00 6.75000% 1,247,109.80 7,014.99 0.00 0.00
2-B-4 750,000.00 6.75000% 747,667.75 4,205.63 0.00 0.00
2-B-5 376,000.00 6.75000% 374,830.76 2,108.42 0.00 0.00
2-B-6 625,637.70 6.75000% 623,692.17 3,508.27 0.00 0.00
Totals 475,825,071.97 2,522,109.00 326.57 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>
1-A-1 0.00 0.00 1,136,511.59 0.00 205,905,673.00
1-A-PO 0.00 0.00 0.00 0.00 383,835.49
2-A-1 0.00 0.00 41,627.83 0.00 8,057,000.00
2-A-2 0.00 0.00 73,191.00 0.00 14,166,000.00
2-A-3 0.00 0.00 78,125.00 0.00 15,000,000.00
2-A-1 0.00 0.00 73,104.17 0.00 14,036,000.00
2-A-5 0.00 0.00 62,960.25 0.00 11,898,000.00
2-A-6 0.00 0.00 52,016.00 0.00 9,753,000.00
2-A-7 0.00 0.00 29,434.17 0.00 5,434,000.00
2-A-8 0.00 0.00 30,226.58 0.00 5,373,614.81
2-A-9 0.00 0.00 463,840.68 0.00 96,995,030.51
2-A-10 0.00 0.00 247,527.77 0.00 25,146,860.46
1-A-11 0.00 0.00 0.00 0.00 0.00
2-A-12 0.00 0.00 140,733.74 0.00 25,019,332.00
2-A-PO 0.00 0.00 0.00 0.00 157,528.72
2-A-R 0.00 0.00 0.00 0.00 0.00
2-A-LR 0.00 0.00 0.00 0.00 0.00
1-B-1 0.00 0.00 12,062.35 0.00 2,219,523.80
1-B-2 0.00 0.00 7,843.74 0.00 1,443,280.77
1-B-3 0.00 0.00 4,828.15 0.00 888,399.82
1-B-4 0.00 0.00 3,619.77 0.00 666,053.91
1-B-5 0.00 0.00 3,015.59 0.00 554,880.95
1-B-6 0.00 0.00 2,138.98 0.00 333,491.79
2-B-1 0.00 0.00 17,534.68 0.00 3,114,828.53
2-B-2 0.00 0.00 25,256.22 0.00 4,486,468.73
2-B-3 0.00 0.00 7,014.99 0.00 1,246,130.63
2-B-4 0.00 0.00 4,205.63 0.00 747,080.72
2-B-5 0.00 0.00 2,108.42 0.00 374,536.47
2-B-6 0.00 0.00 3,508.27 0.00 623,202.48
Totals 0.00 0.00 2,522,435.57 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>
1-A-1 219,034,000.00 6.50000% 957.92216784 5.18874508 0.00000000 0.00000000
1-A-PO 391,778.00 0.00000% 984.75981296 0.00000000 0.00000000 0.00000000
2-A-1 8,057,000.00 6.20000% 1000.00000000 5.16666625 0.00000000 0.00000000
2-A-2 14,166,000.00 6.20000% 1000.00000000 5.16666667 0.00000000 0.00000000
2-A-3 15,000,000.00 6.25000% 1000.00000000 5.20833333 0.00000000 0.00000000
2-A-1 14,036,000.00 6.25000% 1000.00000000 5.20833357 0.00000000 0.00000000
2-A-5 11,898,000.00 6.35000% 1000.00000000 5.29166667 0.00000000 0.00000000
2-A-6 9,753,000.00 6.40000% 1000.00000000 5.33333333 0.00000000 0.00000000
2-A-7 5,434,000.00 6.50000% 1000.00000000 5.41666728 0.00000000 0.00000000
2-A-8 0.00 6.75000% 1000.00000000 5.62499938 0.00000000 0.00000000
2-A-9 103,137,274.00 5.54234% 973.73608498 4.49731375 0.00000000 0.00000000
2-A-10 26,739,294.00 11.40812% 973.73608518 9.25707949 0.00000000 0.00000000
1-A-11 6,150,000.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-12 25,019,332.00 6.75000% 1000.00000000 5.62499990 0.00000000 0.00000000
2-A-PO 169,683.79 0.00000% 929.19335430 0.00000000 0.00000000 0.00000000
2-A-R 50.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-LR 50.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
1-B-1 2,256,000.00 6.50000% 987.09896720 5.34678635 0.00000000 0.00000000
1-B-2 1,467,000.00 6.50000% 987.09896387 5.34678937 0.00000000 0.00000000
1-B-3 903,000.00 6.50000% 987.09897010 5.34678848 0.00000000 0.00000000
1-B-4 677,000.00 6.50000% 987.09896603 5.34677991 0.00000000 0.00000000
1-B-5 564,000.00 6.50000% 987.09897163 5.34679078 0.00000000 0.00000000
1-B-6 338,972.48 6.50000% 987.09895269 5.34677623 0.96341154 0.00000000
2-B-1 3,127,000.00 6.75000% 996.89032939 5.60750879 0.00000000 0.00000000
2-B-2 4,504,000.00 6.75000% 996.89033082 5.60750888 0.00000000 0.00000000
2-B-3 1,251,000.00 6.75000% 996.89032774 5.60750600 0.00000000 0.00000000
2-B-4 750,000.00 6.75000% 996.89033333 5.60750667 0.00000000 0.00000000
2-B-5 376,000.00 6.75000% 996.89031915 5.60750000 0.00000000 0.00000000
2-B-6 625,637.70 6.75000% 996.89032486 5.60751054 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>
1-A-1 0.00000000 0.00000000 5.18874508 0.00000000 940.06260672
1-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 979.72701377
2-A-1 0.00000000 0.00000000 5.16666625 0.00000000 1000.00000000
2-A-2 0.00000000 0.00000000 5.16666667 0.00000000 1000.00000000
2-A-3 0.00000000 0.00000000 5.20833333 0.00000000 1000.00000000
2-A-1 0.00000000 0.00000000 5.20833357 0.00000000 1000.00000000
2-A-5 0.00000000 0.00000000 5.29166667 0.00000000 1000.00000000
2-A-6 0.00000000 0.00000000 5.33333333 0.00000000 1000.00000000
2-A-7 0.00000000 0.00000000 5.41666728 0.00000000 1000.00000000
2-A-8 0.00000000 0.00000000 5.62499938 0.00000000 1000.00000000
2-A-9 0.00000000 0.00000000 4.49731375 0.00000000 940.44593917
2-A-10 0.00000000 0.00000000 9.25707949 0.00000000 940.44593922
1-A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-12 0.00000000 0.00000000 5.62499990 0.00000000 1000.00000000
2-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 928.36634542
2-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-B-1 0.00000000 0.00000000 5.34678635 0.00000000 983.83147163
1-B-2 0.00000000 0.00000000 5.34678937 0.00000000 983.83147239
1-B-3 0.00000000 0.00000000 5.34678848 0.00000000 983.83147287
1-B-4 0.00000000 0.00000000 5.34677991 0.00000000 983.83147710
1-B-5 0.00000000 0.00000000 5.34679078 0.00000000 983.83147163
1-B-6 0.00000000 0.00000000 6.31018778 0.00000000 983.83146030
2-B-1 0.00000000 0.00000000 5.60750879 0.00000000 996.10762072
2-B-2 0.00000000 0.00000000 5.60750888 0.00000000 996.10762211
2-B-3 0.00000000 0.00000000 5.60750600 0.00000000 996.10761791
2-B-4 0.00000000 0.00000000 5.60750667 0.00000000 996.10762667
2-B-5 0.00000000 0.00000000 5.60750000 0.00000000 996.10763298
2-B-6 0.00000000 0.00000000 5.60751054 0.00000000 996.10761947
<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 58,044.79
Deposits
Payments of Interest and Principal 10,878,360.78
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 10,878,360.78
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 94,466.12
Payment of Interest and Principal 10,788,144.54
Total Withdrawals (Pool Distribution Amount) 10,882,610.66
Ending Balance 53,794.91
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 7,197.54
Servicing Fee Support 7,197.54
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 95,190.70
Master Servicing Fee 6,472.97
Supported Prepayment/Curtailment Interest Shortfall 7,197.54
Net Servicing Fee 94,466.13
</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 2 783,974.67 0.149142% 0.174741%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 1 84,544.53 0.074571% 0.018844%
REO 0 0.00 0.000000% 0.000000%
Totals 3 868,519.20 0.223714% 0.193585%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 465.14
Cumulative Realized Losses - Includes Interest Shortfall 2,401.49
Principal Balance of Contaminated Properties 0.00
Periodic Advance 703,905.49
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.264809%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 268
Begin Scheduled Collateral Loan Count 1,362
Number Of Loans Paid In Full 21
End Scheduled Collateral Loan Count 1,341
Begining Scheduled Collateral Balance 456,916,312.88
Ending Scheduled Collateral Balance 448,650,138.77
Ending Actual Collateral Balance at 30-Nov-1998 451,434,749.02
Ending Scheduled Balance For Norwest 379,248,035.48
Ending Scheduled Balance For Other Services 69,402,103.29
Monthly P &I Constant 3,540,025.03
Class A Optimal Amount 10,664,759.78
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 400,383,166.45
Ending scheduled Balance For discounted Loans 48,266,972.32
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 410,109,034.99
Greater Than 80%, less than or equal to 85% 6,183,685.21
Greater than 85%, less than or equal to 95% 31,876,467.49
Greater than 95% 654,388.99
</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 7.081391 7.429731
Weighted Average Net Rate 6.488384 6.745622
Weighted Average Maturity 173.00 353.00
Beginning Loan Count 643 719
Loans Paid In Full 8 13
Ending Loan Count 635 706
Beginning Scheduled Balance 216,329,240.37 240,587,072.51
Ending scheduled Balance 212,395,139.52 236,254,999.25
Record Date 11/30/98 11/30/98
Principal And Interest Constant 1,939,903.68 1,600,121.35
Scheduled Principal 716,153.45 188,910.33
Unscheduled Principal 3,217,947.40 4,143,162.93
Scheduled Interest 1,217,812.28 1,405,960.09
Servicing Fees 45,068.21 50,122.48
Master Servicing Fees 3,064.64 3,408.33
Trustee Fee 0.00 0.00
FRY Amount 58,770.33 83,626.24
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 1,110,909.09 1,268,803.04
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 Bankruptcy
1 Principal Balance 783,974.67 0.00 0.00 0.00 0.00 0.00
Percentage Of Balanc 0.369% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 2 0 0 0 0 0
Percentage Of Loans 0.315% 0.000% 0.000% 0.000% 0.000% 0.000%
2 Principal Balance 0.00 0.00 0.00 84,544.53 0.00 0.00
Percentage Of Balanc 0.000% 0.000% 0.000% 0.036% 0.000% 0.000%
Loan Count 0 0 0 1 0 0
Percentage Of Loans 0.000% 0.000% 0.000% 0.142% 0.000% 0.000%
</TABLE>
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