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Previous: FRANKLIN AUTO TRUST 1998 1, 8-K/A, 1998-10-06 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1998-21 TRUST, 8-K, 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 1998-20 Trust
New York (governing law of 333-45021-17 PENDING
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
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 September 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 September 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: 10/02/1998
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 September
25, 1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 08/31/1998
Distribution Date: 09/25/1998
NASCOR Series: 1998-20
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
11000 Broken Land Parkway
Columbia, MD. 21044
Telephone: (410) 884-2000
Fax: (410) 884-2360
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% 26,249,000.00 142,182.08 88,223.86
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% 0.00 128,820.00 0.00
A-10 66937N4H8 PAC 6.75000% 166,133,000.00 934,498.12 753,374.18
A-11 66937N4J4 PAC 6.75000% 36,562,000.00 205,661.25 0.00
A-12 66937N4K1 PAC 6.45625% 19,595,250.00 105,426.53 0.00
A-13 66937N4L9 PAC 7.63125% 6,531,750.00 41,537.85 0.00
A-14 66937N4M7 SEQ 6.50625% 77,096,366.00 418,006.86 3,199,123.78
A-15 66937N4N5 SEQ 7.69018% 19,987,947.00 128,092.40 829,402.47
A-16 66937N4P0 SEQ 6.15625% 129,744,529.00 665,616.46 35,159.06
A-17 66937N4Q8 SEQ 9.04018% 10,495,000.00 79,063.89 2,844.01
A-18 66937N4R6 TAC 9.04018% 19,532,000.00 147,143.97 6,271.31
A-19 66937N4S4 TAC 9.04018% 3,610,471.00 27,199.42 0.00
A-20 66937N4T2 SEQ 6.75000% 7,871,000.00 44,274.38 2,370,655.63
A-21 66937N4U9 SEQ 6.75000% 65,064,000.00 365,985.00 0.00
A-22 66937N4V7 SEQ 6.45625% 22,466,615.00 120,875.07 0.00
A-23 66937N4W5 SEQ 7.63125% 7,488,872.00 47,624.55 0.00
A-24 66937N5V8 PAC 6.05000% 23,228,000.00 117,107.83 0.00
A-25 66937N5W4 PAC 6.15000% 33,850,000.00 173,481.25 0.00
APO NMB9820PO PO 0.00000% 994,545.88 0.00 1,088.99
A-R 66937N4X3 R 6.75000% 100.00 0.56 100.00
A-LR 66937N4Y1 ALR 6.75000% 100.00 0.56 100.00
B-1 66937N4Z8 MEZ 6.75000% 14,253,000.00 80,173.12 11,140.78
B-2 66937N5A2 SUB 6.75000% 12,828,000.00 72,157.50 10,026.93
B-3 66937N5B0 SUB 6.75000% 4,275,000.00 24,046.88 3,341.53
B-4 66937N5Z7 SUB 6.75000% 2,851,000.00 16,036.88 2,228.47
B-5 66937N6A1 SUB 6.75000% 1,425,000.00 8,015.62 1,113.84
B-6 66937N6B9 SUB 6.75000% 2,376,320.52 13,074.44 0.00
Totals 950,194,866.40 5,338,959.43 7,314,194.84
</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 26,160,776.14 230,405.94 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 0.00 128,820.00 0.00
A-10 0.00 165,379,625.82 1,687,872.30 0.00
A-11 0.00 36,562,000.00 205,661.25 0.00
A-12 0.00 19,595,250.00 105,426.53 0.00
A-13 0.00 6,531,750.00 41,537.85 0.00
A-14 0.00 73,897,242.22 3,617,130.64 0.00
A-15 0.00 19,158,544.53 957,494.87 0.00
A-16 0.00 129,709,369.94 700,775.52 0.00
A-17 0.00 10,492,155.99 81,907.90 0.00
A-18 0.00 19,525,728.69 153,415.28 0.00
A-19 0.00 3,610,471.00 27,199.42 0.00
A-20 0.00 5,500,344.37 2,414,930.01 0.00
A-21 0.00 65,064,000.00 365,985.00 0.00
A-22 0.00 22,466,615.00 120,875.07 0.00
A-23 0.00 7,488,872.00 47,624.55 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 0.00 993,456.89 1,088.99 0.00
A-R 0.00 0.00 100.56 0.00
A-LR 0.00 0.00 100.56 0.00
B-1 0.00 14,241,859.22 91,313.90 0.00
B-2 0.00 12,817,973.07 82,184.43 0.00
B-3 0.00 4,271,658.47 27,388.41 0.00
B-4 0.00 2,848,771.53 18,265.35 0.00
B-5 0.00 1,423,886.16 9,129.46 0.00
B-6 1,857.44 2,374,463.08 13,074.44 1,857.44
Totals 1,857.44 942,878,814.12 12,653,154.27 1,857.44
<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 26,249,000.00 8,625.03 79,598.83 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-10 166,133,000.00 166,133,000.00 73,652.09 679,722.09 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 77,096,366.00 312,755.82 2,886,367.97 0.00 0.00
A-15 19,987,947.00 19,987,947.00 81,084.84 748,317.63 0.00 0.00
A-16 129,744,529.00 129,744,529.00 3,437.25 31,721.81 0.00 0.00
A-17 10,495,000.00 10,495,000.00 278.04 2,565.97 0.00 0.00
A-18 19,532,000.00 19,532,000.00 613.10 5,658.20 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 7,871,000.00 236,090.71 2,178,839.29 -44,274.38 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 994,545.88 994,545.88 865.44 223.55 0.00 0.00
A-R 100.00 100.00 9.78 90.22 0.00 0.00
A-LR 100.00 100.00 9.78 90.22 0.00 0.00
B-1 14,253,000.00 14,253,000.00 11,140.78 0.00 0.00 0.00
B-2 12,828,000.00 12,828,000.00 10,026.93 0.00 0.00 0.00
B-3 4,275,000.00 4,275,000.00 3,341.53 0.00 0.00 0.00
B-4 2,851,000.00 2,851,000.00 2,228.47 0.00 0.00 0.00
B-5 1,425,000.00 1,425,000.00 1,113.84 0.00 0.00 0.00
B-6 2,376,320.52 2,376,320.52 0.00 0.00 0.00 1,857.44
Totals 950,194,866.40 950,194,866.40 745,273.43 6,613,195.78 (44,274.38) 1,857.44
<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 88,223.86 26,160,776.14 0.99663896 88,223.86
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-10 753,374.18 165,379,625.82 0.99546523 753,374.18
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 3,199,123.78 73,897,242.22 0.95850487 3,199,123.78
A-15 829,402.47 19,158,544.53 0.95850487 829,402.47
A-16 35,159.06 129,709,369.94 0.99972901 35,159.06
A-17 2,844.01 10,492,155.99 0.99972901 2,844.01
A-18 6,271.31 19,525,728.69 0.99967892 6,271.31
A-19 0.00 3,610,471.00 1.00000000 0.00
A-20 2,370,655.63 5,500,344.37 0.69881138 2,370,655.63
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 1,088.99 993,456.89 0.99890504 1,088.99
A-R 100.00 0.00 0.00000000 100.00
A-LR 100.00 0.00 0.00000000 100.00
B-1 11,140.78 14,241,859.22 0.99921836 11,140.78
B-2 10,026.93 12,817,973.07 0.99921836 10,026.93
B-3 3,341.53 4,271,658.47 0.99921836 3,341.53
B-4 2,228.47 2,848,771.53 0.99921835 2,228.47
B-5 1,113.84 1,423,886.16 0.99921836 1,113.84
B-6 1,857.44 2,374,463.08 0.99921835 0.00
Totals 7,316,052.28 942,878,814.12 0.99230047 7,314,194.84
</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 1000.00000000 0.32858509 3.03245190 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 1000.00000000 0.44333209 4.09143331 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 1000.00000000 4.05668693 37.43844386 0.00000000
A-15 19,987,947.00 1000.00000000 4.05668676 37.43844378 0.00000000
A-16 129,744,529.00 1000.00000000 0.02649245 0.24449439 0.00000000
A-17 10,495,000.00 1000.00000000 0.02649262 0.24449452 0.00000000
A-18 19,532,000.00 1000.00000000 0.03138951 0.28968872 0.00000000
A-19 3,610,471.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-20 7,871,000.00 1000.00000000 29.99500826 276.81861136 -5.62500064
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 1000.00000000 0.87018610 0.22477596 0.00000000
A-R 100.00 1000.00000000 97.80000000 902.20000000 0.00000000
A-LR 100.00 1000.00000000 97.80000000 902.20000000 0.00000000
B-1 14,253,000.00 1000.00000000 0.78164457 0.00000000 0.00000000
B-2 12,828,000.00 1000.00000000 0.78164406 0.00000000 0.00000000
B-3 4,275,000.00 1000.00000000 0.78164444 0.00000000 0.00000000
B-4 2,851,000.00 1000.00000000 0.78164504 0.00000000 0.00000000
B-5 1,425,000.00 1000.00000000 0.78164211 0.00000000 0.00000000
B-6 2,376,320.52 1000.00000000 0.00000000 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 3.36103699 996.63896301 0.99663896 3.36103699
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 4.53476540 995.46523460 0.99546523 4.53476540
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 41.49513065 958.50486935 0.95850487 41.49513065
A-15 0.00000000 41.49513054 958.50486946 0.95850487 41.49513054
A-16 0.00000000 0.27098684 999.72901316 0.99972901 0.27098684
A-17 0.00000000 0.27098714 999.72901286 0.99972901 0.27098714
A-18 0.00000000 0.32107874 999.67892126 0.99967892 0.32107874
A-19 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-20 0.00000000 301.18862025 698.81137975 0.69881138 301.18862025
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 1.09496205 998.90503795 0.99890504 1.09496205
A-R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
A-LR 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
B-1 0.00000000 0.78164457 999.21835543 0.99921836 0.78164457
B-2 0.00000000 0.78164406 999.21835594 0.99921836 0.78164406
B-3 0.00000000 0.78164444 999.21835556 0.99921836 0.78164444
B-4 0.00000000 0.78164504 999.21835496 0.99921835 0.78164504
B-5 0.00000000 0.78164211 999.21835789 0.99921836 0.78164211
B-6 0.78164540 0.78164540 999.21835460 0.99921835 0.00000000
<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% 26,249,000.00 142,182.08 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% 22,901,333.33 128,820.00 0.00 0.00
A-10 166,133,000.00 6.75000% 166,133,000.00 934,498.12 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 6.45625% 19,595,250.00 105,426.53 0.00 0.00
A-13 6,531,750.00 7.63125% 6,531,750.00 41,537.85 0.00 0.00
A-14 77,096,366.00 6.50625% 77,096,366.00 418,006.86 0.00 0.00
A-15 19,987,947.00 7.69018% 19,987,947.00 128,092.40 0.00 0.00
A-16 129,744,529.00 6.15625% 129,744,529.00 665,616.46 0.00 0.00
A-17 10,495,000.00 9.04018% 10,495,000.00 79,063.89 0.00 0.00
A-18 19,532,000.00 9.04018% 19,532,000.00 147,143.97 0.00 0.00
A-19 3,610,471.00 9.04018% 3,610,471.00 27,199.42 0.00 0.00
A-20 7,871,000.00 6.75000% 7,871,000.00 44,274.38 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 6.45625% 22,466,615.00 120,875.07 0.00 0.00
A-23 7,488,872.00 7.63125% 7,488,872.00 47,624.55 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% 994,545.88 0.00 0.00 0.00
A-R 100.00 6.75000% 100.00 0.56 0.00 0.00
A-LR 100.00 6.75000% 100.00 0.56 0.00 0.00
B-1 14,253,000.00 6.75000% 14,253,000.00 80,173.12 0.00 0.00
B-2 12,828,000.00 6.75000% 12,828,000.00 72,157.50 0.00 0.00
B-3 4,275,000.00 6.75000% 4,275,000.00 24,046.88 0.00 0.00
B-4 2,851,000.00 6.75000% 2,851,000.00 16,036.88 0.00 0.00
B-5 1,425,000.00 6.75000% 1,425,000.00 8,015.62 0.00 0.00
B-6 2,376,320.52 6.75000% 2,376,320.52 13,366.80 0.00 292.37
Totals 950,194,866.40 5,339,251.79 0.00 292.37
</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 0.00 142,182.08 0.00 26,160,776.14
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 0.00 128,820.00 0.00 22,898,065.78
A-10 0.00 0.00 934,498.12 0.00 165,379,625.82
A-11 0.00 0.00 205,661.25 0.00 36,562,000.00
A-12 0.00 0.00 105,426.53 0.00 19,595,250.00
A-13 0.00 0.00 41,537.85 0.00 6,531,750.00
A-14 0.00 0.00 418,006.86 0.00 73,897,242.22
A-15 0.00 0.00 128,092.40 0.00 19,158,544.53
A-16 0.00 0.00 665,616.46 0.00 129,709,369.94
A-17 0.00 0.00 79,063.89 0.00 10,492,155.99
A-18 0.00 0.00 147,143.97 0.00 19,525,728.69
A-19 0.00 0.00 27,199.42 0.00 3,610,471.00
A-20 0.00 0.00 44,274.38 0.00 5,500,344.37
A-21 0.00 0.00 365,985.00 0.00 65,064,000.00
A-22 0.00 0.00 120,875.07 0.00 22,466,615.00
A-23 0.00 0.00 47,624.55 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 0.00 993,456.89
A-R 0.00 0.00 0.56 0.00 0.00
A-LR 0.00 0.00 0.56 0.00 0.00
B-1 0.00 0.00 80,173.12 0.00 14,241,859.22
B-2 0.00 0.00 72,157.50 0.00 12,817,973.07
B-3 0.00 0.00 24,046.88 0.00 4,271,658.47
B-4 0.00 0.00 16,036.88 0.00 2,848,771.53
B-5 0.00 0.00 8,015.62 0.00 1,423,886.16
B-6 0.00 0.00 13,074.44 292.37 2,374,463.08
Totals 0.00 0.00 5,338,959.43 292.37
<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% 1000.00000000 5.41666654 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% 1000.00000000 5.62500000 0.00000000 0.00000000
A-10 166,133,000.00 6.75000% 1000.00000000 5.62499997 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 6.45625% 1000.00000000 5.38020847 0.00000000 0.00000000
A-13 6,531,750.00 7.63125% 1000.00000000 6.35937536 0.00000000 0.00000000
A-14 77,096,366.00 6.50625% 1000.00000000 5.42187501 0.00000000 0.00000000
A-15 19,987,947.00 7.69018% 1000.00000000 6.40848207 0.00000000 0.00000000
A-16 129,744,529.00 6.15625% 1000.00000000 5.13020830 0.00000000 0.00000000
A-17 10,495,000.00 9.04018% 1000.00000000 7.53348166 0.00000000 0.00000000
A-18 19,532,000.00 9.04018% 1000.00000000 7.53348198 0.00000000 0.00000000
A-19 3,610,471.00 9.04018% 1000.00000000 7.53348247 0.00000000 0.00000000
A-20 7,871,000.00 6.75000% 1000.00000000 5.62500064 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 6.45625% 1000.00000000 5.38020837 0.00000000 0.00000000
A-23 7,488,872.00 7.63125% 1000.00000000 6.35937562 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% 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 6.75000% 1000.00000000 5.60000000 0.00000000 0.00000000
A-LR 100.00 6.75000% 1000.00000000 5.60000000 0.00000000 0.00000000
B-1 14,253,000.00 6.75000% 1000.00000000 5.62499965 0.00000000 0.00000000
B-2 12,828,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
B-3 4,275,000.00 6.75000% 1000.00000000 5.62500117 0.00000000 0.00000000
B-4 2,851,000.00 6.75000% 1000.00000000 5.62500175 0.00000000 0.00000000
B-5 1,425,000.00 6.75000% 1000.00000000 5.62499649 0.00000000 0.00000000
B-6 2,376,320.52 6.75000% 1000.00000000 5.62499877 0.00000000 0.12303475
<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 5.41666654 0.00000000 996.63896301
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 5.62500000 0.00000000 999.85732053
A-10 0.00000000 0.00000000 5.62499997 0.00000000 995.46523460
A-11 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-12 0.00000000 0.00000000 5.38020847 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 6.35937536 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 5.42187501 0.00000000 958.50486935
A-15 0.00000000 0.00000000 6.40848207 0.00000000 958.50486946
A-16 0.00000000 0.00000000 5.13020830 0.00000000 999.72901316
A-17 0.00000000 0.00000000 7.53348166 0.00000000 999.72901286
A-18 0.00000000 0.00000000 7.53348198 0.00000000 999.67892126
A-19 0.00000000 0.00000000 7.53348247 0.00000000 1000.00000000
A-20 0.00000000 0.00000000 5.62500064 0.00000000 698.81137975
A-21 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-22 0.00000000 0.00000000 5.38020837 0.00000000 1000.00000000
A-23 0.00000000 0.00000000 6.35937562 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 998.90503795
A-R 0.00000000 0.00000000 5.60000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 5.60000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.62499965 0.00000000 999.21835543
B-2 0.00000000 0.00000000 5.62500000 0.00000000 999.21835594
B-3 0.00000000 0.00000000 5.62500117 0.00000000 999.21835556
B-4 0.00000000 0.00000000 5.62500175 0.00000000 999.21835496
B-5 0.00000000 0.00000000 5.62499649 0.00000000 999.21835789
B-6 0.00000000 0.00000000 5.50196823 0.12303475 999.21835460
<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 12,937,281.01
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 12,937,281.01
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 208,972.39
Payment of Interest and Principal 12,653,154.27
Total Withdrawals (Pool Distribution Amount) 12,862,126.66
Ending Balance 75,154.34
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,400.21
Servicing Fee Support 2,400.21
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 197,916.08
Master Servicing Fee 13,456.54
Supported Prepayment/Curtailment Interest Shortfall 2,400.21
Net Servicing Fee 208,972.40
</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 4 1,421,641.15 0.138648% 0.150777%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 289,769.48 0.034662% 0.030732%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 5 1,711,410.63 0.173310% 0.181509%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 1,857.44
Cumulative Realized Losses - Includes Interest Shortfall 1,857.44
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,129,964.70
</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% 37,978,611.53 4.02794198% 95.967810% 100.000000%
Class B-1 23,755,320.52 2.50004724% 23,736,752.31 2.51747647% 1.512059% 0.000000%
Class B-2 10,927,320.52 1.15000837% 10,918,779.24 1.15802573% 1.360885% 0.000000%
Class B-3 6,652,320.52 0.70010066% 6,647,120.77 0.70498145% 0.453522% 0.000000%
Class B-4 3,801,320.52 0.40005694% 3,798,349.24 0.40284596% 0.302454% 0.000000%
Class B-5 2,376,320.52 0.25008770% 2,374,463.08 0.25183121% 0.151174% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.252097% 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 0.01060582%
Fraud 6,503,506.77 0.68443927% 6,503,506.77 0.68975002%
Special Hazard 3,251,753.38 0.34221963% 3,251,753.38 0.34487501%
<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 7.399902%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 356
Begin Scheduled Collateral Loan Count 2,902
Number Of Loans Paid In Full 17
End Scheduled Collateral Loan Count 2,885
Begining Scheduled Collateral Balance 950,194,866.40
Ending Scheduled Collateral Balance 942,878,814.13
Ending Actual Collateral Balance at 31-Aug-1998 943,256,744.00
Ending Scheduled Balance For Norwest 793,646,782.30
Ending Scheduled Balance For Other Services 149,232,031.83
Monthly P &I Constant 6,296,080.34
Class A Optimal Amount 12,410,709.28
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 854,976,674.15
Ending scheduled Balance For discounted Loans 87,902,139.98
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 815,686,972.14
Greater Than 80%, less than or equal to 85% 16,355,946.42
Greater than 85%, less than or equal to 95% 107,755,831.33
Greater than 95% 3,199,374.12
</TABLE>
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