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 1998-20 Trust
New York (governing law of 333-45021-20 52-2122598
Pooling and Servicing Agreement) (Commission 52-2122599
(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 December 28, 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
Monthly report distributed to holders of
EX-99.1 Mortgage Pass-Through Certificates, Series
1998-20 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 1998-20 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 1/7/99
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 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: 1998-20
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% 25,925,114.93 140,427.71 147,351.90
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% 0.00 128,752.52 0.00
A-10 66937N4H8 PAC 6.75000% 163,367,232.97 918,940.69 1,258,289.01
A-11 66937N4J4 PAC 6.75000% 36,562,000.00 205,661.25 0.00
A-12 66937N4K1 PAC 5.84234% 19,595,250.00 95,401.76 0.00
A-13 66937N4L9 PAC 9.47298% 6,531,750.00 51,562.61 0.00
A-14 66937N4M7 SEQ 6.06938% 55,223,692.86 279,311.31 8,190,876.40
A-15 66937N4N5 SEQ 9.37525% 14,317,253.89 111,856.51 2,123,560.57
A-16 66937N4P0 SEQ 5.54234% 123,932,478.66 572,396.61 4,615,086.49
A-17 66937N4Q8 SEQ 11.40812% 10,024,864.81 95,304.03 373,313.10
A-18 66937N4R6 TAC 11.40812% 18,495,307.30 175,830.53 823,190.82
A-19 66937N4S4 TAC 11.40812% 3,610,471.00 34,323.90 0.00
A-20 66937N4T2 SEQ 6.75000% 0.00 0.00 0.00
A-21 66937N4U9 SEQ 6.75000% 65,064,000.00 365,985.00 0.00
A-22 66937N4V7 SEQ 5.84234% 22,466,615.00 109,381.34 0.00
A-23 66937N4W5 SEQ 9.47298% 7,488,872.00 59,118.28 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% 990,361.02 0.00 1,677.81
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% 14,219,507.58 79,984.73 11,349.46
B-2 66937N5A2 SUB 6.75000% 12,797,856.12 71,987.94 10,214.75
B-3 66937N5B0 SUB 6.75000% 4,264,954.39 23,990.37 3,404.12
B-4 66937N5Z7 SUB 6.75000% 2,844,300.58 15,999.19 2,270.21
B-5 66937N6A1 SUB 6.75000% 1,421,651.46 7,996.79 1,134.71
B-6 66937N6B9 SUB 6.75000% 2,370,736.52 13,335.39 363.29
Totals 904,278,271.09 5,080,994.50 17,562,082.64
</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 25,777,763.04 287,779.61 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 0.00 128,752.52 0.00
A-10 0.00 162,108,943.96 2,177,229.70 0.00
A-11 0.00 36,562,000.00 205,661.25 0.00
A-12 0.00 19,595,250.00 95,401.76 0.00
A-13 0.00 6,531,750.00 51,562.61 0.00
A-14 0.00 47,032,816.46 8,470,187.71 0.00
A-15 0.00 12,193,693.32 2,235,417.08 0.00
A-16 0.00 119,317,392.16 5,187,483.10 0.00
A-17 0.00 9,651,551.71 468,617.13 0.00
A-18 0.00 17,672,116.48 999,021.35 0.00
A-19 0.00 3,610,471.00 34,323.90 0.00
A-20 0.00 0.00 0.00 0.00
A-21 0.00 65,064,000.00 365,985.00 0.00
A-22 0.00 22,466,615.00 109,381.34 0.00
A-23 0.00 7,488,872.00 59,118.28 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 0.00 988,683.21 1,677.81 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 14,208,158.12 91,334.19 0.00
B-2 0.00 12,787,641.37 82,202.69 0.00
B-3 0.00 4,261,550.27 27,394.49 0.00
B-4 0.00 2,842,030.37 18,269.40 0.00
B-5 0.00 1,420,516.76 9,131.50 0.00
B-6 1,528.94 2,368,844.29 13,698.68 5,441.21
Totals 1,528.94 886,714,659.52 22,643,077.14 5,441.21
<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 25,925,114.93 5,805.30 141,546.60 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-10 166,133,000.00 163,367,232.97 49,573.44 1,208,715.57 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 55,223,692.86 322,700.06 7,868,176.34 0.00 0.00
A-15 19,987,947.00 14,317,253.89 83,662.98 2,039,897.59 0.00 0.00
A-16 129,744,529.00 123,932,478.66 181,822.87 4,433,263.62 0.00 0.00
A-17 10,495,000.00 10,024,864.81 14,707.60 358,605.50 0.00 0.00
A-18 19,532,000.00 18,495,307.30 32,431.66 790,759.16 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 0.00 0.00 0.00 0.00 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 994,545.88 990,361.02 881.16 796.64 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 14,219,507.58 11,349.46 0.00 0.00 0.00
B-2 12,828,000.00 12,797,856.12 10,214.75 0.00 0.00 0.00
B-3 4,275,000.00 4,264,954.39 3,404.12 0.00 0.00 0.00
B-4 2,851,000.00 2,844,300.58 2,270.21 0.00 0.00 0.00
B-5 1,425,000.00 1,421,651.46 1,134.71 0.00 0.00 0.00
B-6 2,376,320.52 2,370,736.52 363.29 0.00 0.00 1,528.94
Totals 950,194,866.40 904,278,271.09 720,321.61 16,841,761.02 0.00 1,528.94
<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-4 147,351.90 25,777,763.04 0.98204743 147,351.90
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 1,258,289.01 162,108,943.96 0.97577811 1,258,289.01
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 8,190,876.40 47,032,816.46 0.61005231 8,190,876.40
A-15 2,123,560.57 12,193,693.32 0.61005231 2,123,560.57
A-16 4,615,086.49 119,317,392.16 0.91963332 4,615,086.49
A-17 373,313.10 9,651,551.71 0.91963332 373,313.10
A-18 823,190.82 17,672,116.48 0.90477762 823,190.82
A-19 0.00 3,610,471.00 1.00000000 0.00
A-20 0.00 0.00 0.00000000 0.00
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 1,677.81 988,683.21 0.99410518 1,677.81
A-R 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B-1 11,349.46 14,208,158.12 0.99685386 11,349.46
B-2 10,214.75 12,787,641.37 0.99685386 10,214.75
B-3 3,404.12 4,261,550.27 0.99685386 3,404.12
B-4 2,270.21 2,842,030.37 0.99685387 2,270.21
B-5 1,134.71 1,420,516.76 0.99685387 1,134.71
B-6 1,892.23 2,368,844.29 0.99685386 363.29
Totals 17,563,611.58 886,714,659.52 0.93319243 17,562,082.64
</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 26,249,000.00 987.66105109 0.22116271 5.39245686 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-10 166,133,000.00 983.35209122 0.29839610 7.27558986 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 77,096,366.00 716.29436931 4.18567148 102.05638408 0.00000000
A-15 19,987,947.00 716.29436930 4.18567149 102.05638378 0.00000000
A-16 129,744,529.00 955.20388887 1.40139142 34.16917580 0.00000000
A-17 10,495,000.00 955.20388852 1.40139114 34.16917580 0.00000000
A-18 19,532,000.00 946.92337190 1.66043723 40.48531436 0.00000000
A-19 3,610,471.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-20 7,871,000.00 0.00000000 0.00000000 0.00000000 0.00000000
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 994,545.88 995.79219010 0.88599231 0.80100880 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 14,253,000.00 997.65014944 0.79628569 0.00000000 0.00000000
B-2 12,828,000.00 997.65014967 0.79628547 0.00000000 0.00000000
B-3 4,275,000.00 997.65014971 0.79628538 0.00000000 0.00000000
B-4 2,851,000.00 997.65015082 0.79628551 0.00000000 0.00000000
B-5 1,425,000.00 997.65014737 0.79628772 0.00000000 0.00000000
B-6 2,376,320.52 997.65014864 0.15287921 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 5.61361957 982.04743190 0.98204743 5.61361957
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 7.57398596 975.77810525 0.97577811 7.57398596
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 106.24205556 610.05231375 0.61005231 106.24205556
A-15 0.00000000 106.24205527 610.05231403 0.61005231 106.24205527
A-16 0.00000000 35.57056722 919.63332157 0.91963332 35.57056722
A-17 0.00000000 35.57056694 919.63332158 0.91963332 35.57056694
A-18 0.00000000 42.14575159 904.77762032 0.90477762 42.14575159
A-19 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-20 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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 1.68701116 994.10517894 0.99410518 1.68701116
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 0.79628569 996.85386375 0.99685386 0.79628569
B-2 0.00000000 0.79628547 996.85386420 0.99685386 0.79628547
B-3 0.00000000 0.79628538 996.85386433 0.99685386 0.79628538
B-4 0.00000000 0.79628551 996.85386531 0.99685387 0.79628551
B-5 0.00000000 0.79628772 996.85386667 0.99685387 0.79628772
B-6 0.64340647 0.79628568 996.85386296 0.99685386 0.15287921
<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% 25,925,114.93 140,427.71 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% 22,889,337.59 128,752.52 0.00 0.00
A-10 166,133,000.00 6.75000% 163,367,232.97 918,940.69 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 5.84234% 19,595,250.00 95,401.76 0.00 0.00
A-13 6,531,750.00 9.47298% 6,531,750.00 51,562.61 0.00 0.00
A-14 77,096,366.00 6.06938% 55,223,692.86 279,311.31 0.00 0.00
A-15 19,987,947.00 9.37525% 14,317,253.89 111,856.51 0.00 0.00
A-16 129,744,529.00 5.54234% 123,932,478.66 572,396.61 0.00 0.00
A-17 10,495,000.00 11.40812% 10,024,864.81 95,304.03 0.00 0.00
A-18 19,532,000.00 11.40812% 18,495,307.30 175,830.53 0.00 0.00
A-19 3,610,471.00 11.40812% 3,610,471.00 34,323.90 0.00 0.00
A-20 7,871,000.00 6.75000% 0.00 0.00 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 5.84234% 22,466,615.00 109,381.34 0.00 0.00
A-23 7,488,872.00 9.47298% 7,488,872.00 59,118.28 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% 990,361.02 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% 14,219,507.58 79,984.73 0.00 0.00
B-2 12,828,000.00 6.75000% 12,797,856.12 71,987.94 0.00 0.00
B-3 4,275,000.00 6.75000% 4,264,954.39 23,990.37 0.00 0.00
B-4 2,851,000.00 6.75000% 2,844,300.58 15,999.19 0.00 0.00
B-5 1,425,000.00 6.75000% 1,421,651.46 7,996.79 0.00 0.00
B-6 2,376,320.52 6.75000% 2,370,736.52 13,335.39 0.00 0.00
Totals 950,194,866.40 5,080,994.50 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 0.00 140,427.71 0.00 25,777,763.04
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 0.00 128,752.52 0.00 22,883,880.11
A-10 0.00 0.00 918,940.69 0.00 162,108,943.96
A-11 0.00 0.00 205,661.25 0.00 36,562,000.00
A-12 0.00 0.00 95,401.76 0.00 19,595,250.00
A-13 0.00 0.00 51,562.61 0.00 6,531,750.00
A-14 0.00 0.00 279,311.31 0.00 47,032,816.46
A-15 0.00 0.00 111,856.51 0.00 12,193,693.32
A-16 0.00 0.00 572,396.61 0.00 119,317,392.16
A-17 0.00 0.00 95,304.03 0.00 9,651,551.71
A-18 0.00 0.00 175,830.53 0.00 17,672,116.48
A-19 0.00 0.00 34,323.90 0.00 3,610,471.00
A-20 0.00 0.00 0.00 0.00 0.00
A-21 0.00 0.00 365,985.00 0.00 65,064,000.00
A-22 0.00 0.00 109,381.34 0.00 22,466,615.00
A-23 0.00 0.00 59,118.28 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 0.00 988,683.21
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 79,984.73 0.00 14,208,158.12
B-2 0.00 0.00 71,987.94 0.00 12,787,641.37
B-3 0.00 0.00 23,990.37 0.00 4,261,550.27
B-4 0.00 0.00 15,999.19 0.00 2,842,030.37
B-5 0.00 0.00 7,996.79 0.00 1,420,516.76
B-6 0.00 0.00 13,335.39 0.00 2,368,844.29
Totals 0.00 0.00 5,080,994.50 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% 987.66105109 5.34983085 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% 999.47619906 5.62205345 0.00000000 0.00000000
A-10 166,133,000.00 6.75000% 983.35209122 5.53135554 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 5.84234% 1000.00000000 4.86861663 0.00000000 0.00000000
A-13 6,531,750.00 9.47298% 1000.00000000 7.89414935 0.00000000 0.00000000
A-14 77,096,366.00 6.06938% 716.29436931 3.62288555 0.00000000 0.00000000
A-15 19,987,947.00 9.37525% 716.29436930 5.59619805 0.00000000 0.00000000
A-16 129,744,529.00 5.54234% 955.20388887 4.41172059 0.00000000 0.00000000
A-17 10,495,000.00 11.40812% 955.20388852 9.08089852 0.00000000 0.00000000
A-18 19,532,000.00 11.40812% 946.92337190 9.00217745 0.00000000 0.00000000
A-19 3,610,471.00 11.40812% 1000.00000000 9.50676518 0.00000000 0.00000000
A-20 7,871,000.00 6.75000% 0.00000000 0.00000000 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 5.84234% 1000.00000000 4.86861683 0.00000000 0.00000000
A-23 7,488,872.00 9.47298% 1000.00000000 7.89415015 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% 995.79219010 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% 997.65014944 5.61178208 0.00000000 0.00000000
B-2 12,828,000.00 6.75000% 997.65014967 5.61178204 0.00000000 0.00000000
B-3 4,275,000.00 6.75000% 997.65014971 5.61178246 0.00000000 0.00000000
B-4 2,851,000.00 6.75000% 997.65015082 5.61178183 0.00000000 0.00000000
B-5 1,425,000.00 6.75000% 997.65014737 5.61178246 0.00000000 0.00000000
B-6 2,376,320.52 6.75000% 997.65014864 5.61178086 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 5.34983085 0.00000000 982.04743190
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 5.62205345 0.00000000 999.23789503
A-10 0.00000000 0.00000000 5.53135554 0.00000000 975.77810525
A-11 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-12 0.00000000 0.00000000 4.86861663 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 7.89414935 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 3.62288555 0.00000000 610.05231375
A-15 0.00000000 0.00000000 5.59619805 0.00000000 610.05231403
A-16 0.00000000 0.00000000 4.41172059 0.00000000 919.63332157
A-17 0.00000000 0.00000000 9.08089852 0.00000000 919.63332158
A-18 0.00000000 0.00000000 9.00217745 0.00000000 904.77762032
A-19 0.00000000 0.00000000 9.50676518 0.00000000 1000.00000000
A-20 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-21 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-22 0.00000000 0.00000000 4.86861683 0.00000000 1000.00000000
A-23 0.00000000 0.00000000 7.89415015 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 994.10517894
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 5.61178208 0.00000000 996.85386375
B-2 0.00000000 0.00000000 5.61178204 0.00000000 996.85386420
B-3 0.00000000 0.00000000 5.61178246 0.00000000 996.85386433
B-4 0.00000000 0.00000000 5.61178183 0.00000000 996.85386531
B-5 0.00000000 0.00000000 5.61178246 0.00000000 996.85386667
B-6 0.00000000 0.00000000 5.61178086 0.00000000 996.85386296
<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 22,943,253.31
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 22,943,253.31
Withdrawals
Reimbursement for Servicer Advances 40,748.45
Payment of Service Fee 187,273.32
Payment of Interest and Principal 22,643,077.14
Total Withdrawals (Pool Distribution Amount) 22,871,098.91
Ending Balance 72,154.40
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 13,900.96
Servicing Fee Support 13,900.96
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 188,367.08
Master Servicing Fee 12,807.20
Supported Prepayment/Curtailment Interest Shortfall 13,900.96
Net Servicing Fee 187,273.32
</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 7 2,823,313.98 0.255102% 0.318402%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 304,326.14 0.036443% 0.034321%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 8 3,127,640.12 0.291545% 0.352722%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 1,528.94
Cumulative Realized Losses - Includes Interest Shortfall 5,441.21
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,172,936.32
</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% 37,888,741.18 4.27293502% 95.722295% 100.000000%
Class B-1 23,755,320.52 2.50004724% 23,680,583.06 2.67059790% 1.604126% 0.000000%
Class B-2 10,927,320.52 1.15000837% 10,892,941.69 1.22846077% 1.443747% 0.000000%
Class B-3 6,652,320.52 0.70010066% 6,631,391.42 0.74786081% 0.481136% 0.000000%
Class B-4 3,801,320.52 0.40005694% 3,789,361.05 0.42734842% 0.320870% 0.000000%
Class B-5 2,376,320.52 0.25008770% 2,368,844.29 0.26714843% 0.160379% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.267447% 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 0.01127759%
Fraud 6,503,506.77 0.68443927% 6,503,506.77 0.73343851%
Special Hazard 3,251,753.38 0.34221963% 3,251,753.38 0.36671925%
<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 7.392426%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 353
Begin Scheduled Collateral Loan Count 2,786
Number Of Loans Paid In Full 42
End Scheduled Collateral Loan Count 2,744
Begining Scheduled Collateral Balance 904,278,271.09
Ending Scheduled Collateral Balance 886,714,659.51
Ending Actual Collateral Balance at 30-Nov-1998 894,867,253.72
Ending Scheduled Balance For Norwest 744,152,999.25
Ending Scheduled Balance For Other Services 142,561,660.26
Monthly P &I Constant 6,017,800.81
Class A Optimal Amount 22,399,368.38
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 799,766,163.77
Ending scheduled Balance For discounted Loans 86,948,495.74
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 761,492,427.13
Greater Than 80%, less than or equal to 85% 16,302,953.76
Greater than 85%, less than or equal to 95% 105,840,327.92
Greater than 95% 3,190,346.74
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
