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 1998-20 Trust
New York (governing law of 333-45021-20 52-2122598
Pooling and Servicing Agreement) (Commission 52-2122599
(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 1998-20
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
1998-20 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 1998-20 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 1998-20 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: 1998-20
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>
A-1 66937N3Y2 PAC 6.20000% 31,732,000.00 163,948.67 0.00
A-2 66937N3Z9 PAC 6.20000% 24,626,000.00 127,234.33 0.00
A-3 66937N4A3 PAC 6.40000% 21,000,000.00 112,000.00 0.00
A-4 66937N4B1 SEQ 6.50000% 26,052,800.81 141,119.34 127,685.87
A-5 66937N4C9 PAC 6.25000% 33,600,000.00 175,000.00 0.00
A-6 66937N4D7 PAC 6.25000% 57,835,000.00 301,223.96 0.00
A-7 66937N4E5 PAC 6.40000% 47,017,000.00 250,757.33 0.00
A-8 66937N4F2 PAC 6.20000% 19,876,000.00 102,692.67 0.00
A-9 66937N4G0 PAC 6.75000% 0.00 128,779.13 0.00
A-10 66937N4H8 PAC 6.75000% 164,457,586.96 925,073.93 1,090,353.99
A-11 66937N4J4 PAC 6.75000% 36,562,000.00 205,661.25 0.00
A-12 66937N4K1 PAC 6.01938% 19,595,250.00 98,292.71 0.00
A-13 66937N4L9 PAC 8.94186% 6,531,750.00 48,671.66 0.00
A-14 66937N4M7 SEQ 6.44375% 69,642,025.82 373,963.17 14,418,332.97
A-15 66937N4N5 SEQ 7.93125% 18,055,340.26 119,334.51 3,738,086.37
A-16 66937N4P0 SEQ 5.71938% 129,684,800.38 618,097.21 5,752,321.73
A-17 66937N4Q8 SEQ 10.72525% 10,490,168.57 93,758.05 465,303.75
A-18 66937N4R6 TAC 10.72525% 19,521,346.23 174,476.07 1,026,038.94
A-19 66937N4S4 TAC 10.72525% 3,610,471.00 32,269.33 0.00
A-20 66937N4T2 SEQ 6.75000% 2,363,474.93 13,294.55 2,363,474.93
A-21 66937N4U9 SEQ 6.75000% 65,064,000.00 365,985.00 0.00
A-22 66937N4V7 SEQ 6.01938% 22,466,615.00 112,695.91 0.00
A-23 66937N4W5 SEQ 8.94186% 7,488,872.00 55,803.70 0.00
A-24 66937N5X2 PAC 6.05000% 23,228,000.00 117,107.83 0.00
A-25 66937N5Y0 PAC 6.15000% 33,850,000.00 173,481.25 0.00
APO NMB9820PO PO 0.00000% 992,466.56 0.00 2,105.55
A-R 66937N4X3 R 6.75000% 0.00 0.00 0.00
A-LR 66937N4Y1 ALR 6.75000% 0.00 0.00 0.00
B-1 66937N4Z8 MEZ 6.75000% 14,230,640.66 80,047.35 11,133.08
B-2 66937N5A2 SUB 6.75000% 12,807,876.13 72,044.30 10,020.01
B-3 66937N5B0 SUB 6.75000% 4,268,293.61 24,009.15 3,339.22
B-4 66937N5Z7 SUB 6.75000% 2,846,527.51 16,011.72 2,226.93
B-5 66937N6A1 SUB 6.75000% 1,422,764.54 8,003.05 1,113.07
B-6 66937N6B9 SUB 6.75000% 2,372,592.68 13,345.83 1,246.06
Totals 933,291,663.65 5,244,182.96 29,012,782.47
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A-1 0.00 31,732,000.00 163,948.67 0.00
A-2 0.00 24,626,000.00 127,234.33 0.00
A-3 0.00 21,000,000.00 112,000.00 0.00
A-4 0.00 25,925,114.93 268,805.21 0.00
A-5 0.00 33,600,000.00 175,000.00 0.00
A-6 0.00 57,835,000.00 301,223.96 0.00
A-7 0.00 47,017,000.00 250,757.33 0.00
A-8 0.00 19,876,000.00 102,692.67 0.00
A-9 0.00 0.00 128,779.13 0.00
A-10 0.00 163,367,232.97 2,015,427.92 0.00
A-11 0.00 36,562,000.00 205,661.25 0.00
A-12 0.00 19,595,250.00 98,292.71 0.00
A-13 0.00 6,531,750.00 48,671.66 0.00
A-14 0.00 55,223,692.86 14,792,296.14 0.00
A-15 0.00 14,317,253.89 3,857,420.88 0.00
A-16 0.00 123,932,478.66 6,370,418.94 0.00
A-17 0.00 10,024,864.81 559,061.80 0.00
A-18 0.00 18,495,307.30 1,200,515.01 0.00
A-19 0.00 3,610,471.00 32,269.33 0.00
A-20 0.00 0.00 2,376,769.48 0.00
A-21 0.00 65,064,000.00 365,985.00 0.00
A-22 0.00 22,466,615.00 112,695.91 0.00
A-23 0.00 7,488,872.00 55,803.70 0.00
A-24 0.00 23,228,000.00 117,107.83 0.00
A-25 0.00 33,850,000.00 173,481.25 0.00
APO 0.00 990,361.02 2,105.55 0.00
A-R 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 0.00 0.00
B-1 0.00 14,219,507.58 91,180.43 0.00
B-2 0.00 12,797,856.12 82,064.31 0.00
B-3 0.00 4,264,954.39 27,348.37 0.00
B-4 0.00 2,844,300.58 18,238.65 0.00
B-5 0.00 1,421,651.46 9,116.12 0.00
B-6 610.09 2,370,736.52 14,591.89 3,912.27
Totals 610.09 904,278,271.09 34,256,965.43 3,912.27
<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>
A-1 31,732,000.00 31,732,000.00 0.00 0.00 0.00 0.00
A-2 24,626,000.00 24,626,000.00 0.00 0.00 0.00 0.00
A-3 21,000,000.00 21,000,000.00 0.00 0.00 0.00 0.00
A-4 26,249,000.00 26,052,800.81 3,082.61 124,603.26 0.00 0.00
A-5 33,600,000.00 33,600,000.00 0.00 0.00 0.00 0.00
A-6 57,835,000.00 57,835,000.00 0.00 0.00 0.00 0.00
A-7 47,017,000.00 47,017,000.00 0.00 0.00 0.00 0.00
A-8 19,876,000.00 19,876,000.00 0.00 0.00 0.00 0.00
A-9 0.00 0.00 0.00 0.00 0.00 0.00
A-10 166,133,000.00 164,457,586.96 26,323.52 1,064,030.47 0.00 0.00
A-11 36,562,000.00 36,562,000.00 0.00 0.00 0.00 0.00
A-12 19,595,250.00 19,595,250.00 0.00 0.00 0.00 0.00
A-13 6,531,750.00 6,531,750.00 0.00 0.00 0.00 0.00
A-14 77,096,366.00 69,642,025.82 348,089.93 14,070,243.03 0.00 0.00
A-15 19,987,947.00 18,055,340.26 90,245.54 3,647,840.83 0.00 0.00
A-16 129,744,529.00 129,684,800.38 138,873.56 5,613,448.16 0.00 0.00
A-17 10,495,000.00 10,490,168.57 11,233.45 454,070.31 0.00 0.00
A-18 19,532,000.00 19,521,346.23 24,770.81 1,001,268.13 0.00 0.00
A-19 3,610,471.00 3,610,471.00 0.00 0.00 0.00 0.00
A-20 7,871,000.00 2,363,474.93 57,380.39 2,319,389.09 -13,294.55 0.00
A-21 65,064,000.00 65,064,000.00 0.00 0.00 0.00 0.00
A-22 22,466,615.00 22,466,615.00 0.00 0.00 0.00 0.00
A-23 7,488,872.00 7,488,872.00 0.00 0.00 0.00 0.00
A-24 23,228,000.00 23,228,000.00 0.00 0.00 0.00 0.00
A-25 33,850,000.00 33,850,000.00 0.00 0.00 0.00 0.00
APO 994,545.88 992,466.56 876.04 1,229.50 0.00 0.00
A-R 100.00 0.00 0.00 0.00 0.00 0.00
A-LR 100.00 0.00 0.00 0.00 0.00 0.00
B-1 14,253,000.00 14,230,640.66 11,133.08 0.00 0.00 0.00
B-2 12,828,000.00 12,807,876.13 10,020.01 0.00 0.00 0.00
B-3 4,275,000.00 4,268,293.61 3,339.22 0.00 0.00 0.00
B-4 2,851,000.00 2,846,527.51 2,226.93 0.00 0.00 0.00
B-5 1,425,000.00 1,422,764.54 1,113.07 0.00 0.00 0.00
B-6 2,376,320.52 2,372,592.68 1,246.06 0.00 0.00 610.09
Totals 950,194,866.40 933,291,663.65 729,954.22 28,296,122.78 (13,294.55) 610.09
<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>
A-1 0.00 31,732,000.00 1.00000000 0.00
A-2 0.00 24,626,000.00 1.00000000 0.00
A-3 0.00 21,000,000.00 1.00000000 0.00
A-4 127,685.87 25,925,114.93 0.98766105 127,685.87
A-5 0.00 33,600,000.00 1.00000000 0.00
A-6 0.00 57,835,000.00 1.00000000 0.00
A-7 0.00 47,017,000.00 1.00000000 0.00
A-8 0.00 19,876,000.00 1.00000000 0.00
A-9 0.00 0.00 0.00000000 0.00
A-10 1,090,353.99 163,367,232.97 0.98335209 1,090,353.99
A-11 0.00 36,562,000.00 1.00000000 0.00
A-12 0.00 19,595,250.00 1.00000000 0.00
A-13 0.00 6,531,750.00 1.00000000 0.00
A-14 14,418,332.97 55,223,692.86 0.71629437 14,418,332.97
A-15 3,738,086.37 14,317,253.89 0.71629437 3,738,086.37
A-16 5,752,321.73 123,932,478.66 0.95520389 5,752,321.73
A-17 465,303.75 10,024,864.81 0.95520389 465,303.75
A-18 1,026,038.94 18,495,307.30 0.94692337 1,026,038.94
A-19 0.00 3,610,471.00 1.00000000 0.00
A-20 2,363,474.93 0.00 0.00000000 2,363,474.93
A-21 0.00 65,064,000.00 1.00000000 0.00
A-22 0.00 22,466,615.00 1.00000000 0.00
A-23 0.00 7,488,872.00 1.00000000 0.00
A-24 0.00 23,228,000.00 1.00000000 0.00
A-25 0.00 33,850,000.00 1.00000000 0.00
APO 2,105.55 990,361.02 0.99579219 2,105.55
A-R 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B-1 11,133.08 14,219,507.58 0.99765015 11,133.08
B-2 10,020.01 12,797,856.12 0.99765015 10,020.01
B-3 3,339.22 4,264,954.39 0.99765015 3,339.22
B-4 2,226.93 2,844,300.58 0.99765015 2,226.93
B-5 1,113.07 1,421,651.46 0.99765015 1,113.07
B-6 1,856.15 2,370,736.52 0.99765015 1,246.06
Totals 29,013,392.56 904,278,271.09 0.95167665 29,012,782.47
</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>
A-1 31,732,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 24,626,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 21,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 26,249,000.00 992.52546040 0.11743724 4.74697169 0.00000000
A-5 33,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 57,835,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-7 47,017,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 19,876,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-9 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-10 166,133,000.00 989.91523033 0.15844847 6.40469064 0.00000000
A-11 36,562,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-12 19,595,250.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-13 6,531,750.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-14 77,096,366.00 903.31139369 4.51499789 182.50202649 0.00000000
A-15 19,987,947.00 903.31139361 4.51499796 182.50202635 0.00000000
A-16 129,744,529.00 999.53964440 1.07036159 43.26539395 0.00000000
A-17 10,495,000.00 999.53964459 1.07036208 43.26539400 0.00000000
A-18 19,532,000.00 999.45454792 1.26821677 51.26295976 0.00000000
A-19 3,610,471.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-20 7,871,000.00 300.27632194 7.29010164 294.67527506 -1.68905476
A-21 65,064,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-22 22,466,615.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-23 7,488,872.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-24 23,228,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-25 33,850,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
APO 994,545.88 997.90927695 0.88084423 1.23624262 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 14,253,000.00 998.43125377 0.78110433 0.00000000 0.00000000
B-2 12,828,000.00 998.43125429 0.78110461 0.00000000 0.00000000
B-3 4,275,000.00 998.43125380 0.78110409 0.00000000 0.00000000
B-4 2,851,000.00 998.43125570 0.78110488 0.00000000 0.00000000
B-5 1,425,000.00 998.43125614 0.78110175 0.00000000 0.00000000
B-6 2,376,320.52 998.43125539 0.52436529 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination, except Class A-R and A-LR, which are Per $100 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>
A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 4.86440893 987.66105109 0.98766105 4.86440893
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-10 0.00000000 6.56313911 983.35209122 0.98335209 6.56313911
A-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-14 0.00000000 187.01702451 716.29436931 0.71629437 187.01702451
A-15 0.00000000 187.01702431 716.29436930 0.71629437 187.01702431
A-16 0.00000000 44.33575561 955.20388887 0.95520389 44.33575561
A-17 0.00000000 44.33575512 955.20388852 0.95520389 44.33575512
A-18 0.00000000 52.53117653 946.92337190 0.94692337 52.53117653
A-19 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-20 0.00000000 300.27632194 0.00000000 0.00000000 300.27632194
A-21 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-22 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-23 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-24 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-25 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
APO 0.00000000 2.11709690 995.79219010 0.99579219 2.11709690
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.78110433 997.65014944 0.99765015 0.78110433
B-2 0.00000000 0.78110461 997.65014967 0.99765015 0.78110461
B-3 0.00000000 0.78110409 997.65014971 0.99765015 0.78110409
B-4 0.00000000 0.78110488 997.65015082 0.99765015 0.78110488
B-5 0.00000000 0.78110175 997.65014737 0.99765015 0.78110175
B-6 0.25673725 0.78110254 997.65014864 0.99765015 0.52436529
<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>
A-1 31,732,000.00 6.20000% 31,732,000.00 163,948.67 0.00 0.00
A-2 24,626,000.00 6.20000% 24,626,000.00 127,234.33 0.00 0.00
A-3 21,000,000.00 6.40000% 21,000,000.00 112,000.00 0.00 0.00
A-4 26,249,000.00 6.50000% 26,052,800.81 141,119.34 0.00 0.00
A-5 33,600,000.00 6.25000% 33,600,000.00 175,000.00 0.00 0.00
A-6 57,835,000.00 6.25000% 57,835,000.00 301,223.96 0.00 0.00
A-7 47,017,000.00 6.40000% 47,017,000.00 250,757.33 0.00 0.00
A-8 19,876,000.00 6.20000% 19,876,000.00 102,692.67 0.00 0.00
A-9 0.00 6.75000% 22,894,066.70 128,779.13 0.00 0.00
A-10 166,133,000.00 6.75000% 164,457,586.96 925,073.93 0.00 0.00
A-11 36,562,000.00 6.75000% 36,562,000.00 205,661.25 0.00 0.00
A-12 19,595,250.00 6.01938% 19,595,250.00 98,292.71 0.00 0.00
A-13 6,531,750.00 8.94186% 6,531,750.00 48,671.66 0.00 0.00
A-14 77,096,366.00 6.44375% 69,642,025.82 373,963.17 0.00 0.00
A-15 19,987,947.00 7.93125% 18,055,340.26 119,334.51 0.00 0.00
A-16 129,744,529.00 5.71938% 129,684,800.38 618,097.21 0.00 0.00
A-17 10,495,000.00 10.72525% 10,490,168.57 93,758.05 0.00 0.00
A-18 19,532,000.00 10.72525% 19,521,346.23 174,476.07 0.00 0.00
A-19 3,610,471.00 10.72525% 3,610,471.00 32,269.33 0.00 0.00
A-20 7,871,000.00 6.75000% 2,363,474.93 13,294.55 0.00 0.00
A-21 65,064,000.00 6.75000% 65,064,000.00 365,985.00 0.00 0.00
A-22 22,466,615.00 6.01938% 22,466,615.00 112,695.91 0.00 0.00
A-23 7,488,872.00 8.94186% 7,488,872.00 55,803.70 0.00 0.00
A-24 23,228,000.00 6.05000% 23,228,000.00 117,107.83 0.00 0.00
A-25 33,850,000.00 6.15000% 33,850,000.00 173,481.25 0.00 0.00
APO 994,545.88 0.00000% 992,466.56 0.00 0.00 0.00
A-R 100.00 6.75000% 0.00 0.00 0.00 0.00
A-LR 100.00 6.75000% 0.00 0.00 0.00 0.00
B-1 14,253,000.00 6.75000% 14,230,640.66 80,047.35 0.00 0.00
B-2 12,828,000.00 6.75000% 12,807,876.13 72,044.30 0.00 0.00
B-3 4,275,000.00 6.75000% 4,268,293.61 24,009.15 0.00 0.00
B-4 2,851,000.00 6.75000% 2,846,527.51 16,011.72 0.00 0.00
B-5 1,425,000.00 6.75000% 1,422,764.54 8,003.05 0.00 0.00
B-6 2,376,320.52 6.75000% 2,372,592.68 13,345.83 0.00 0.00
Totals 950,194,866.40 5,244,182.96 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>
A-1 0.00 0.00 163,948.67 0.00 31,732,000.00
A-2 0.00 0.00 127,234.33 0.00 24,626,000.00
A-3 0.00 0.00 112,000.00 0.00 21,000,000.00
A-4 0.00 0.00 141,119.34 0.00 25,925,114.93
A-5 0.00 0.00 175,000.00 0.00 33,600,000.00
A-6 0.00 0.00 301,223.96 0.00 57,835,000.00
A-7 0.00 0.00 250,757.33 0.00 47,017,000.00
A-8 0.00 0.00 102,692.67 0.00 19,876,000.00
A-9 0.00 0.00 128,779.13 0.00 22,889,337.59
A-10 0.00 0.00 925,073.93 0.00 163,367,232.97
A-11 0.00 0.00 205,661.25 0.00 36,562,000.00
A-12 0.00 0.00 98,292.71 0.00 19,595,250.00
A-13 0.00 0.00 48,671.66 0.00 6,531,750.00
A-14 0.00 0.00 373,963.17 0.00 55,223,692.86
A-15 0.00 0.00 119,334.51 0.00 14,317,253.89
A-16 0.00 0.00 618,097.21 0.00 123,932,478.66
A-17 0.00 0.00 93,758.05 0.00 10,024,864.81
A-18 0.00 0.00 174,476.07 0.00 18,495,307.30
A-19 0.00 0.00 32,269.33 0.00 3,610,471.00
A-20 0.00 0.00 13,294.55 0.00 0.00
A-21 0.00 0.00 365,985.00 0.00 65,064,000.00
A-22 0.00 0.00 112,695.91 0.00 22,466,615.00
A-23 0.00 0.00 55,803.70 0.00 7,488,872.00
A-24 0.00 0.00 117,107.83 0.00 23,228,000.00
A-25 0.00 0.00 173,481.25 0.00 33,850,000.00
APO 0.00 0.00 0.00 0.00 990,361.02
A-R 0.00 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 80,047.35 0.00 14,219,507.58
B-2 0.00 0.00 72,044.30 0.00 12,797,856.12
B-3 0.00 0.00 24,009.15 0.00 4,264,954.39
B-4 0.00 0.00 16,011.72 0.00 2,844,300.58
B-5 0.00 0.00 8,003.05 0.00 1,421,651.46
B-6 0.00 0.00 13,345.83 0.00 2,370,736.52
Totals 0.00 0.00 5,244,182.96 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>
A-1 31,732,000.00 6.20000% 1000.00000000 5.16666677 0.00000000 0.00000000
A-2 24,626,000.00 6.20000% 1000.00000000 5.16666653 0.00000000 0.00000000
A-3 21,000,000.00 6.40000% 1000.00000000 5.33333333 0.00000000 0.00000000
A-4 26,249,000.00 6.50000% 992.52546040 5.37617966 0.00000000 0.00000000
A-5 33,600,000.00 6.25000% 1000.00000000 5.20833333 0.00000000 0.00000000
A-6 57,835,000.00 6.25000% 1000.00000000 5.20833336 0.00000000 0.00000000
A-7 47,017,000.00 6.40000% 1000.00000000 5.33333326 0.00000000 0.00000000
A-8 19,876,000.00 6.20000% 1000.00000000 5.16666683 0.00000000 0.00000000
A-9 0.00 6.75000% 999.68269839 5.62321539 0.00000000 0.00000000
A-10 166,133,000.00 6.75000% 989.91523033 5.56827319 0.00000000 0.00000000
A-11 36,562,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-12 19,595,250.00 6.01938% 1000.00000000 5.01614983 0.00000000 0.00000000
A-13 6,531,750.00 8.94186% 1000.00000000 7.45154974 0.00000000 0.00000000
A-14 77,096,366.00 6.44375% 903.31139369 4.85059400 0.00000000 0.00000000
A-15 19,987,947.00 7.93125% 903.31139361 5.97032352 0.00000000 0.00000000
A-16 129,744,529.00 5.71938% 999.53964440 4.76395587 0.00000000 0.00000000
A-17 10,495,000.00 10.72525% 999.53964459 8.93359219 0.00000000 0.00000000
A-18 19,532,000.00 10.72525% 999.45454792 8.93283176 0.00000000 0.00000000
A-19 3,610,471.00 10.72525% 1000.00000000 8.93770647 0.00000000 0.00000000
A-20 7,871,000.00 6.75000% 300.27632194 1.68905476 0.00000000 0.00000000
A-21 65,064,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-22 22,466,615.00 6.01938% 1000.00000000 5.01614996 0.00000000 0.00000000
A-23 7,488,872.00 8.94186% 1000.00000000 7.45154945 0.00000000 0.00000000
A-24 23,228,000.00 6.05000% 1000.00000000 5.04166652 0.00000000 0.00000000
A-25 33,850,000.00 6.15000% 1000.00000000 5.12500000 0.00000000 0.00000000
APO 994,545.88 0.00000% 997.90927695 0.00000000 0.00000000 0.00000000
A-R 100.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 100.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 14,253,000.00 6.75000% 998.43125377 5.61617554 0.00000000 0.00000000
B-2 12,828,000.00 6.75000% 998.43125429 5.61617555 0.00000000 0.00000000
B-3 4,275,000.00 6.75000% 998.43125380 5.61617544 0.00000000 0.00000000
B-4 2,851,000.00 6.75000% 998.43125570 5.61617678 0.00000000 0.00000000
B-5 1,425,000.00 6.75000% 998.43125614 5.61617544 0.00000000 0.00000000
B-6 2,376,320.52 6.75000% 998.43125539 5.61617420 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination, except Class A-R and A-LR, which are Per $100 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>
A-1 0.00000000 0.00000000 5.16666677 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 5.16666653 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.33333333 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.37617966 0.00000000 987.66105109
A-5 0.00000000 0.00000000 5.20833333 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.20833336 0.00000000 1000.00000000
A-7 0.00000000 0.00000000 5.33333326 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.16666683 0.00000000 1000.00000000
A-9 0.00000000 0.00000000 5.62321539 0.00000000 999.47619906
A-10 0.00000000 0.00000000 5.56827319 0.00000000 983.35209122
A-11 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-12 0.00000000 0.00000000 5.01614983 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 7.45154974 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 4.85059400 0.00000000 716.29436931
A-15 0.00000000 0.00000000 5.97032352 0.00000000 716.29436930
A-16 0.00000000 0.00000000 4.76395587 0.00000000 955.20388887
A-17 0.00000000 0.00000000 8.93359219 0.00000000 955.20388852
A-18 0.00000000 0.00000000 8.93283176 0.00000000 946.92337190
A-19 0.00000000 0.00000000 8.93770647 0.00000000 1000.00000000
A-20 0.00000000 0.00000000 1.68905476 0.00000000 0.00000000
A-21 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-22 0.00000000 0.00000000 5.01614996 0.00000000 1000.00000000
A-23 0.00000000 0.00000000 7.45154945 0.00000000 1000.00000000
A-24 0.00000000 0.00000000 5.04166652 0.00000000 1000.00000000
A-25 0.00000000 0.00000000 5.12500000 0.00000000 1000.00000000
APO 0.00000000 0.00000000 0.00000000 0.00000000 995.79219010
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.61617554 0.00000000 997.65014944
B-2 0.00000000 0.00000000 5.61617555 0.00000000 997.65014967
B-3 0.00000000 0.00000000 5.61617544 0.00000000 997.65014971
B-4 0.00000000 0.00000000 5.61617678 0.00000000 997.65015082
B-5 0.00000000 0.00000000 5.61617544 0.00000000 997.65014737
B-6 0.00000000 0.00000000 5.61617420 0.00000000 997.65014864
<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 34,570,249.91
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 40,748.45
Realized Losses 0.00
Total Deposits 34,610,998.36
Withdrawals
Reimbursement for Servicer Advances 164,686.35
Payment of Service Fee 189,346.57
Payment of Interest and Principal 34,256,965.46
Total Withdrawals (Pool Distribution Amount) 34,610,998.38
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 18,326.02
Servicing Fee Support 18,326.02
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 194,451.64
Master Servicing Fee 13,220.95
Supported Prepayment/Curtailment Interest Shortfall 18,326.02
Net Servicing Fee 189,346.58
</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 4 1,522,924.70 0.143575% 0.168413%
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 4 1,522,924.70 0.143575% 0.168413%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 610.09
Cumulative Realized Losses - Includes Interest Shortfall 3,912.27
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,235,260.23
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current Next
Original $ Original % Current $ Current % Class% Prepayment%
<S> <C> <C> <C> <C> <C> <C> <C>
Class A 38,008,320.52 4.00005534% 37,919,006.65 4.19328959% 95.802113% 100.000000%
Class B-1 23,755,320.52 2.50004724% 23,699,499.07 2.62081926% 1.574194% 0.000000%
Class B-2 10,927,320.52 1.15000837% 10,901,642.95 1.20556286% 1.416808% 0.000000%
Class B-3 6,652,320.52 0.70010066% 6,636,688.56 0.73392105% 0.472159% 0.000000%
Class B-4 3,801,320.52 0.40005694% 3,792,387.98 0.41938285% 0.314883% 0.000000%
Class B-5 2,376,320.52 0.25008770% 2,370,736.52 0.26216891% 0.157386% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.262456% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.01052416% 100,000.00 0.01105854%
Fraud 6,503,506.77 0.68443927% 6,503,506.77 0.71919308%
Special Hazard 3,251,753.38 0.34221963% 3,251,753.38 0.35959654%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 7.396649%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 354
Begin Scheduled Collateral Loan Count 2,862
Number Of Loans Paid In Full 76
End Scheduled Collateral Loan Count 2,786
Begining Scheduled Collateral Balance 933,291,663.66
Ending Scheduled Collateral Balance 904,278,271.09
Ending Actual Collateral Balance at 30-Oct-1998 916,338,701.04
Ending Scheduled Balance For Norwest 759,973,565.41
Ending Scheduled Balance For Other Services 144,304,705.68
Monthly P & I Constant 6,202,512.30
Class A Optimal Amount 34,012,320.10
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 816,980,455.22
Ending scheduled Balance For discounted Loans 87,297,815.87
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 778,160,643.70
Greater Than 80%, less than or equal to 85% 16,321,683.28
Greater than 85%, less than or equal to 95% 106,726,451.02
Greater than 95% 3,193,256.77
</TABLE>
