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Previous: IRWIN REVOLVING HOME EQUITY LOAN TRUST 1998-1, 8-K, 1998-12-08 |
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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 1998-25 Trust
New York (governing law of 333-45021-25 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 November 25, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-25
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
1998-25 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 1998-25 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 12/04/1998
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-25 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: 1998-25
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>
APO NMB9825PO PO 0.00000% 1,838,521.77 0.00 2,102.68
A-1 66937RCM9 PAC 5.80000% 16,527,000.00 79,880.50 0.00
A-2 66937RCN7 PAC 5.55000% 28,533,000.00 131,965.12 0.00
A-3 66937RCP2 PAC 5.57000% 26,250,000.00 121,843.75 0.00
A-4 66937RCO0 PAC 6.00000% 40,726,408.00 203,632.04 0.00
A-5 66937RCR8 PAC 6.00000% 12,568,592.00 62,842.96 0.00
A-6 66937RCS8 IO 6.75000% 0.00 27,698.37 0.00
A-7 66937RCT4 SCH 6.45000% 153,846,000.00 826,922.25 1,193,903.07
A-8 66937RCU1 COMP 6.75000% 70,772,048.00 513,032.59 -398,092.77
A-9 66937RCV9 COMP 6.75000% 2,653,952.00 19,238.72 -14,928.48
A-10 66937RCW7 SCH 6.32500% 18,523,500.00 97,634.28 405,443.88
A-11 66937RCX6 SCH 8.02500% 6,174,500.00 41,291.97 135,147.96
A-12 66937RCY3 SEQ 6.75000% 6,825,000.00 38,390.62 6,825,000.00
A-13 66937RCZ0 PAC 5.67500% 61,936,525.00 292,908.15 0.00
A-14 66937RDA4 IO 2.82500% 0.00 145,808.90 0.00
A-15 66937RDB2 PAC 5.80000% 16,371,416.00 79,128.51 0.00
A-16 66937RDC0 PAC 5.55000% 28,264,152.00 130,721.70 0.00
A-17 66937RDD8 PAC 5.90000% 80,255,193.00 394,588.03 0.00
A-18 66937RDE8 SEQ 6.12500% 248,104,072.00 1,266,364.53 71,893.67
A-19 66937RDF3 SEQ 9.16071% 64,323,278.00 491,039.29 18,639.10
A-20 66937RDG1 SEQ 6.75000% 16,094,715.00 90,532.77 12,129,177.52
A-21 66937RDH9 SEQ 6.75000% 123,978,430.00 697,378.67 3,116,829.38
A-22 66937RDJ5 SEQ 6.38200% 5,605,236.00 29,810.51 0.00
A-23 66937RDK2 SEQ 7.85400% 1,868,412.00 12,228.76 0.00
A-24 66937RDL0 SEQ 6.75000% 15,240,820.00 85,729.61 0.00
A-25 66937RDM8 SEQ 6.50000% 59,750,650.00 323,649.35 0.00
A-26 66937RDN8 IO 0.25000% 0.00 12,448.05 0.00
A-R 66937RDQ9 R 6.75000% 50.00 0.28 50.00
A-LR 66937RDP1 R 6.75000% 50.00 0.28 50.00
B-1 66937RDR7 SUB 6.75000% 17,253,000.00 97,048.12 13,307.02
B-2 66937RDS6 SUB 6.75000% 12,652,000.00 71,167.50 9,758.32
B-3 66937RDT3 SUB 6.75000% 5,175,000.00 29,109.38 3,991.41
B-4 66937REB1 SUB 6.75000% 3,451,000.00 19,411.88 2,661.71
B-5 66937REC9 SUB 6.75000% 2,300,000.00 12,937.50 1,773.96
B-6 66937RED7 SUB 6.75000% 2,301,097.86 12,943.68 755.70
Totals 1,150,163,618.63 6,459,328.62 23,517,464.13
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
APO 0.00 1,836,419.09 2,102.68 0.00
A-1 0.00 16,527,000.00 79,880.50 0.00
A-2 0.00 28,533,000.00 131,965.12 0.00
A-3 0.00 26,250,000.00 121,843.75 0.00
A-4 0.00 40,726,408.00 203,632.04 0.00
A-5 0.00 12,568,592.00 62,842.96 0.00
A-6 0.00 0.00 27,698.37 0.00
A-7 0.00 152,652,096.93 2,020,825.32 0.00
A-8 0.00 71,170,140.77 114,939.82 0.00
A-9 0.00 2,668,880.48 4,310.24 0.00
A-10 0.00 18,118,056.12 503,078.16 0.00
A-11 0.00 6,039,352.04 176,439.93 0.00
A-12 0.00 0.00 6,863,390.62 0.00
A-13 0.00 61,936,525.00 292,908.15 0.00
A-14 0.00 0.00 145,808.90 0.00
A-15 0.00 16,371,416.00 79,128.51 0.00
A-16 0.00 28,264,152.00 130,721.70 0.00
A-17 0.00 80,255,193.00 394,588.03 0.00
A-18 0.00 248,032,178.33 1,338,258.20 0.00
A-19 0.00 64,304,638.90 509,678.39 0.00
A-20 0.00 3,965,537.48 12,219,710.29 0.00
A-21 0.00 120,861,600.62 3,814,208.05 0.00
A-22 0.00 5,605,236.00 29,810.51 0.00
A-23 0.00 1,868,412.00 12,228.76 0.00
A-24 0.00 15,240,820.00 85,729.61 0.00
A-25 0.00 59,750,650.00 323,649.35 0.00
A-26 0.00 0.00 12,448.05 0.00
A-R 0.00 0.00 50.28 0.00
A-LR 0.00 0.00 50.28 0.00
B-1 0.00 17,239,692.98 110,355.14 0.00
B-2 0.00 12,642,241.68 80,925.82 0.00
B-3 0.00 5,171,008.59 33,100.79 0.00
B-4 0.00 3,448,338.29 22,073.59 0.00
B-5 0.00 2,298,226.04 14,711.46 0.00
B-6 1,019.11 2,299,323.06 13,699.38 1,019.11
Totals 1,019.11 1,126,645,135.40 29,976,792.75 1,019.11
<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>
APO 1,838,521.77 1,838,521.77 1,598.84 503.84 0.00 0.00
A-1 16,527,000.00 16,527,000.00 0.00 0.00 0.00 0.00
A-2 28,533,000.00 28,533,000.00 0.00 0.00 0.00 0.00
A-3 26,250,000.00 26,250,000.00 0.00 0.00 0.00 0.00
A-4 40,726,408.00 40,726,408.00 0.00 0.00 0.00 0.00
A-5 12,568,592.00 12,568,592.00 0.00 0.00 0.00 0.00
A-6 0.00 0.00 0.00 0.00 0.00 0.00
A-7 153,846,000.00 153,846,000.00 43,337.87 1,150,565.20 0.00 0.00
A-8 70,772,048.00 70,772,048.00 0.00 0.00 -398,092.77 0.00
A-9 2,653,952.00 2,653,952.00 0.00 0.00 -14,928.48 0.00
A-10 18,523,500.00 18,523,500.00 14,717.34 390,726.54 0.00 0.00
A-11 6,174,500.00 6,174,500.00 4,905.78 130,242.18 0.00 0.00
A-12 6,825,000.00 6,825,000.00 249,136.41 6,614,254.21 -38,390.62 0.00
A-13 61,936,525.00 61,936,525.00 0.00 0.00 0.00 0.00
A-14 0.00 0.00 0.00 0.00 0.00 0.00
A-15 16,371,416.00 16,371,416.00 0.00 0.00 0.00 0.00
A-16 28,264,152.00 28,264,152.00 0.00 0.00 0.00 0.00
A-17 80,255,193.00 80,255,193.00 0.00 0.00 0.00 0.00
A-18 248,104,072.00 248,104,072.00 2,609.69 69,283.98 0.00 0.00
A-19 64,323,278.00 64,323,278.00 676.59 17,962.51 0.00 0.00
A-20 16,094,715.00 16,094,715.00 443,567.17 11,776,143.12 -90,532.77 0.00
A-21 123,978,430.00 123,978,430.00 113,138.79 3,003,690.59 0.00 0.00
A-22 5,605,236.00 5,605,236.00 0.00 0.00 0.00 0.00
A-23 1,868,412.00 1,868,412.00 0.00 0.00 0.00 0.00
A-24 15,240,820.00 15,240,820.00 0.00 0.00 0.00 0.00
A-25 59,750,650.00 59,750,650.00 0.00 0.00 0.00 0.00
A-26 0.00 0.00 0.00 0.00 0.00 0.00
A-R 50.00 50.00 1.81 48.19 0.00 0.00
A-LR 50.00 50.00 1.81 48.19 0.00 0.00
B-1 17,253,000.00 17,253,000.00 13,307.02 0.00 0.00 0.00
B-2 12,652,000.00 12,652,000.00 9,758.32 0.00 0.00 0.00
B-3 5,175,000.00 5,175,000.00 3,991.41 0.00 0.00 0.00
B-4 3,451,000.00 3,451,000.00 2,661.71 0.00 0.00 0.00
B-5 2,300,000.00 2,300,000.00 1,773.96 0.00 0.00 0.00
B-6 2,301,097.86 2,301,097.86 755.70 0.00 0.00 1,019.11
Totals 1,150,163,618.63 1,150,163,618.63 905,940.22 23,153,468.55 (541,944.64) 1,019.11
<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>
APO 2,102.68 1,836,419.09 0.99885632 2,102.68
A-1 0.00 16,527,000.00 1.00000000 0.00
A-2 0.00 28,533,000.00 1.00000000 0.00
A-3 0.00 26,250,000.00 1.00000000 0.00
A-4 0.00 40,726,408.00 1.00000000 0.00
A-5 0.00 12,568,592.00 1.00000000 0.00
A-6 0.00 0.00 0.00000000 0.00
A-7 1,193,903.07 152,652,096.93 0.99223962 1,193,903.07
A-8 (398,092.77) 71,170,140.77 1.00562500 (398,092.77)
A-9 (14,928.48) 2,668,880.48 1.00562500 (14,928.48)
A-10 405,443.88 18,118,056.12 0.97811192 405,443.88
A-11 135,147.96 6,039,352.04 0.97811192 135,147.96
A-12 6,825,000.00 0.00 0.00000000 6,825,000.00
A-13 0.00 61,936,525.00 1.00000000 0.00
A-14 0.00 0.00 0.00000000 0.00
A-15 0.00 16,371,416.00 1.00000000 0.00
A-16 0.00 28,264,152.00 1.00000000 0.00
A-17 0.00 80,255,193.00 1.00000000 0.00
A-18 71,893.67 248,032,178.33 0.99971023 71,893.67
A-19 18,639.10 64,304,638.90 0.99971023 18,639.10
A-20 12,129,177.52 3,965,537.48 0.24638756 12,129,177.52
A-21 3,116,829.38 120,861,600.62 0.97485991 3,116,829.38
A-22 0.00 5,605,236.00 1.00000000 0.00
A-23 0.00 1,868,412.00 1.00000000 0.00
A-24 0.00 15,240,820.00 1.00000000 0.00
A-25 0.00 59,750,650.00 1.00000000 0.00
A-26 0.00 0.00 0.00000000 0.00
A-R 50.00 0.00 0.00000000 50.00
A-LR 50.00 0.00 0.00000000 50.00
B-1 13,307.02 17,239,692.98 0.99922871 13,307.02
B-2 9,758.32 12,642,241.68 0.99922871 9,758.32
B-3 3,991.41 5,171,008.59 0.99922871 3,991.41
B-4 2,661.71 3,448,338.29 0.99922871 2,661.71
B-5 1,773.96 2,298,226.04 0.99922871 1,773.96
B-6 1,774.81 2,299,323.06 0.99922872 755.70
Totals 23,518,483.24 1,126,645,135.40 0.97955205 23,517,464.13
</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>
APO 1,838,521.77 1000.00000000 0.86963343 0.27404625 0.00000000
A-1 16,527,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 28,533,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 26,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 40,726,408.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 12,568,592.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-7 153,846,000.00 1000.00000000 0.28169644 7.47868128 0.00000000
A-8 70,772,048.00 1000.00000000 0.00000000 0.00000000 -5.62500000
A-9 2,653,952.00 1000.00000000 0.00000000 0.00000000 -5.62500000
A-10 18,523,500.00 1000.00000000 0.79452263 21.09355899 0.00000000
A-11 6,174,500.00 1000.00000000 0.79452263 21.09355899 0.00000000
A-12 6,825,000.00 1000.00000000 36.50350330 969.12149597 -5.62499927
A-13 61,936,525.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-14 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-15 16,371,416.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-16 28,264,152.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-17 80,255,193.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-18 248,104,072.00 1000.00000000 0.01051853 0.27925370 0.00000000
A-19 64,323,278.00 1000.00000000 0.01051859 0.27925365 0.00000000
A-20 16,094,715.00 1000.00000000 27.55980271 731.67764201 -5.62499988
A-21 123,978,430.00 1000.00000000 0.91256834 24.22752563 0.00000000
A-22 5,605,236.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-23 1,868,412.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-24 15,240,820.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-25 59,750,650.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-26 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-R 50.00 1000.00000000 36.20000000 963.80000000 0.00000000
A-LR 50.00 1000.00000000 36.20000000 963.80000000 0.00000000
B-1 17,253,000.00 1000.00000000 0.77128731 0.00000000 0.00000000
B-2 12,652,000.00 1000.00000000 0.77128675 0.00000000 0.00000000
B-3 5,175,000.00 1000.00000000 0.77128696 0.00000000 0.00000000
B-4 3,451,000.00 1000.00000000 0.77128658 0.00000000 0.00000000
B-5 2,300,000.00 1000.00000000 0.77128696 0.00000000 0.00000000
B-6 2,301,097.86 1000.00000000 0.32840846 0.00000000 0.00000000
<FN>
(2) Per $1,000 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>
APO 0.00000000 1.14367969 998.85632031 0.99885632 1.14367969
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 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-7 0.00000000 7.76037772 992.23962228 0.99223962 7.76037772
A-8 0.00000000 -5.62500000 1,005.62500000 1.00562500 -5.62500000
A-9 0.00000000 -5.62500000 1,005.62500000 1.00562500 -5.62500000
A-10 0.00000000 21.88808163 978.11191837 0.97811192 21.88808163
A-11 0.00000000 21.88808163 978.11191837 0.97811192 21.88808163
A-12 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-14 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-16 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-17 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-18 0.00000000 0.28977223 999.71022777 0.99971023 0.28977223
A-19 0.00000000 0.28977223 999.71022777 0.99971023 0.28977223
A-20 0.00000000 753.61244483 246.38755517 0.24638756 753.61244483
A-21 0.00000000 25.14009397 974.85990603 0.97485991 25.14009397
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
A-26 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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 0.77128731 999.22871269 0.99922871 0.77128731
B-2 0.00000000 0.77128675 999.22871325 0.99922871 0.77128675
B-3 0.00000000 0.77128696 999.22871304 0.99922871 0.77128696
B-4 0.00000000 0.77128658 999.22871342 0.99922871 0.77128658
B-5 0.00000000 0.77128696 999.22871304 0.99922871 0.77128696
B-6 0.44287990 0.77128836 999.22871598 0.99922872 0.32840846
<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>
APO 1,838,521.77 0.00000% 1,838,521.77 0.00 0.00 0.00
A-1 16,527,000.00 5.80000% 16,527,000.00 79,880.50 0.00 0.00
A-2 28,533,000.00 5.55000% 28,533,000.00 131,965.12 0.00 0.00
A-3 26,250,000.00 5.57000% 26,250,000.00 121,843.75 0.00 0.00
A-4 40,726,408.00 6.00000% 40,726,408.00 203,632.04 0.00 0.00
A-5 12,568,592.00 6.00000% 12,568,592.00 62,842.96 0.00 0.00
A-6 0.00 6.75000% 4,924,154.00 27,698.37 0.00 0.00
A-7 153,846,000.00 6.45000% 153,846,000.00 826,922.25 0.00 0.00
A-8 70,772,048.00 6.75000% 91,205,794.00 513,032.59 0.00 0.00
A-9 2,653,952.00 6.75000% 3,420,217.00 19,238.72 0.00 0.00
A-10 18,523,500.00 6.32500% 18,523,500.00 97,634.28 0.00 0.00
A-11 6,174,500.00 8.02500% 6,174,500.00 41,291.97 0.00 0.00
A-12 6,825,000.00 6.75000% 6,825,000.00 38,390.62 0.00 0.00
A-13 61,936,525.00 5.67500% 61,936,525.00 292,908.15 0.00 0.00
A-14 0.00 2.82500% 61,936,525.00 145,808.90 0.00 0.00
A-15 16,371,416.00 5.80000% 16,371,416.00 79,128.51 0.00 0.00
A-16 28,264,152.00 5.55000% 28,264,152.00 130,721.70 0.00 0.00
A-17 80,255,193.00 5.90000% 80,255,193.00 394,588.03 0.00 0.00
A-18 248,104,072.00 6.12500% 248,104,072.00 1,266,364.53 0.00 0.00
A-19 64,323,278.00 9.16071% 64,323,278.00 491,039.29 0.00 0.00
A-20 16,094,715.00 6.75000% 16,094,715.00 90,532.77 0.00 0.00
A-21 123,978,430.00 6.75000% 123,978,430.00 697,378.67 0.00 0.00
A-22 5,605,236.00 6.38200% 5,605,236.00 29,810.51 0.00 0.00
A-23 1,868,412.00 7.85400% 1,868,412.00 12,228.76 0.00 0.00
A-24 15,240,820.00 6.75000% 15,240,820.00 85,729.61 0.00 0.00
A-25 59,750,650.00 6.50000% 59,750,650.00 323,649.35 0.00 0.00
A-26 0.00 0.25000% 59,750,650.00 12,448.05 0.00 0.00
A-R 50.00 6.75000% 50.00 0.28 0.00 0.00
A-LR 50.00 6.75000% 50.00 0.28 0.00 0.00
B-1 17,253,000.00 6.75000% 17,253,000.00 97,048.12 0.00 0.00
B-2 12,652,000.00 6.75000% 12,652,000.00 71,167.50 0.00 0.00
B-3 5,175,000.00 6.75000% 5,175,000.00 29,109.38 0.00 0.00
B-4 3,451,000.00 6.75000% 3,451,000.00 19,411.88 0.00 0.00
B-5 2,300,000.00 6.75000% 2,300,000.00 12,937.50 0.00 0.00
B-6 2,301,097.86 6.75000% 2,301,097.86 12,943.68 0.00 0.00
Totals 1,150,163,618.63 6,459,328.62 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>
APO 0.00 0.00 0.00 0.00 1,836,419.09
A-1 0.00 0.00 79,880.50 0.00 16,527,000.00
A-2 0.00 0.00 131,965.12 0.00 28,533,000.00
A-3 0.00 0.00 121,843.75 0.00 26,250,000.00
A-4 0.00 0.00 203,632.04 0.00 40,726,408.00
A-5 0.00 0.00 62,842.96 0.00 12,568,592.00
A-6 0.00 0.00 27,698.37 0.00 4,924,154.28
A-7 0.00 0.00 826,922.25 0.00 152,652,096.93
A-8 0.00 0.00 513,032.59 0.00 91,552,741.98
A-9 0.00 0.00 19,238.72 0.00 3,433,228.03
A-10 0.00 0.00 97,634.28 0.00 18,118,056.12
A-11 0.00 0.00 41,291.97 0.00 6,039,352.04
A-12 0.00 0.00 38,390.62 0.00 0.00
A-13 0.00 0.00 292,908.15 0.00 61,936,525.00
A-14 0.00 0.00 145,808.90 0.00 61,936,525.00
A-15 0.00 0.00 79,128.51 0.00 16,371,416.00
A-16 0.00 0.00 130,721.70 0.00 28,264,152.00
A-17 0.00 0.00 394,588.03 0.00 80,255,193.00
A-18 0.00 0.00 1,266,364.53 0.00 248,032,178.33
A-19 0.00 0.00 491,039.29 0.00 64,304,638.90
A-20 0.00 0.00 90,532.77 0.00 3,965,537.48
A-21 0.00 0.00 697,378.67 0.00 120,861,600.62
A-22 0.00 0.00 29,810.51 0.00 5,605,236.00
A-23 0.00 0.00 12,228.76 0.00 1,868,412.00
A-24 0.00 0.00 85,729.61 0.00 15,240,820.00
A-25 0.00 0.00 323,649.35 0.00 59,750,650.00
A-26 0.00 0.00 12,448.05 0.00 59,750,650.00
A-R 0.00 0.00 0.28 0.00 0.00
A-LR 0.00 0.00 0.28 0.00 0.00
B-1 0.00 0.00 97,048.12 0.00 17,239,692.98
B-2 0.00 0.00 71,167.50 0.00 12,642,241.68
B-3 0.00 0.00 29,109.38 0.00 5,171,008.59
B-4 0.00 0.00 19,411.88 0.00 3,448,338.29
B-5 0.00 0.00 12,937.50 0.00 2,298,226.04
B-6 0.00 0.00 12,943.68 0.00 2,299,323.06
Totals 0.00 0.00 6,459,328.62 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>
APO 1,838,521.77 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-1 16,527,000.00 5.80000% 1000.00000000 4.83333333 0.00000000 0.00000000
A-2 28,533,000.00 5.55000% 1000.00000000 4.62499982 0.00000000 0.00000000
A-3 26,250,000.00 5.57000% 1000.00000000 4.64166667 0.00000000 0.00000000
A-4 40,726,408.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-5 12,568,592.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-6 0.00 6.75000% 1000.00000000 5.62500076 0.00000000 0.00000000
A-7 153,846,000.00 6.45000% 1000.00000000 5.37500000 0.00000000 0.00000000
A-8 70,772,048.00 6.75000% 1288.72622140 7.24908498 0.00000000 0.00000000
A-9 2,653,952.00 6.75000% 1288.72602067 7.24908363 0.00000000 0.00000000
A-10 18,523,500.00 6.32500% 1000.00000000 5.27083327 0.00000000 0.00000000
A-11 6,174,500.00 8.02500% 1000.00000000 6.68750020 0.00000000 0.00000000
A-12 6,825,000.00 6.75000% 1000.00000000 5.62499927 0.00000000 0.00000000
A-13 61,936,525.00 5.67500% 1000.00000000 4.72916668 0.00000000 0.00000000
A-14 0.00 2.82500% 1000.00000000 2.35416662 0.00000000 0.00000000
A-15 16,371,416.00 5.80000% 1000.00000000 4.83333329 0.00000000 0.00000000
A-16 28,264,152.00 5.55000% 1000.00000000 4.62499989 0.00000000 0.00000000
A-17 80,255,193.00 5.90000% 1000.00000000 4.91666664 0.00000000 0.00000000
A-18 248,104,072.00 6.12500% 1000.00000000 5.10416665 0.00000000 0.00000000
A-19 64,323,278.00 9.16071% 1000.00000000 7.63392826 0.00000000 0.00000000
A-20 16,094,715.00 6.75000% 1000.00000000 5.62499988 0.00000000 0.00000000
A-21 123,978,430.00 6.75000% 1000.00000000 5.62500001 0.00000000 0.00000000
A-22 5,605,236.00 6.38200% 1000.00000000 5.31833272 0.00000000 0.00000000
A-23 1,868,412.00 7.85400% 1000.00000000 6.54500185 0.00000000 0.00000000
A-24 15,240,820.00 6.75000% 1000.00000000 5.62499984 0.00000000 0.00000000
A-25 59,750,650.00 6.50000% 1000.00000000 5.41666660 0.00000000 0.00000000
A-26 0.00 0.25000% 1000.00000000 0.20833330 0.00000000 0.00000000
A-R 50.00 6.75000% 1000.00000000 5.60000000 0.00000000 0.00000000
A-LR 50.00 6.75000% 1000.00000000 5.60000000 0.00000000 0.00000000
B-1 17,253,000.00 6.75000% 1000.00000000 5.62499971 0.00000000 0.00000000
B-2 12,652,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
B-3 5,175,000.00 6.75000% 1000.00000000 5.62500097 0.00000000 0.00000000
B-4 3,451,000.00 6.75000% 1000.00000000 5.62500145 0.00000000 0.00000000
B-5 2,300,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
B-6 2,301,097.86 6.75000% 1000.00000000 5.62500197 0.00000000 0.00000000
<FN>
(5) Per $1,000 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>
APO 0.00000000 0.00000000 0.00000000 0.00000000 998.85632031
A-1 0.00000000 0.00000000 4.83333333 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 4.62499982 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 4.64166667 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.62500076 0.00000000 1000.00005686
A-7 0.00000000 0.00000000 5.37500000 0.00000000 992.23962228
A-8 0.00000000 0.00000000 7.24908498 0.00000000 1293.62855205
A-9 0.00000000 0.00000000 7.24908363 0.00000000 1293.62853209
A-10 0.00000000 0.00000000 5.27083327 0.00000000 978.11191837
A-11 0.00000000 0.00000000 6.68750020 0.00000000 978.11191837
A-12 0.00000000 0.00000000 5.62499927 0.00000000 0.00000000
A-13 0.00000000 0.00000000 4.72916668 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 2.35416662 0.00000000 1000.00000000
A-15 0.00000000 0.00000000 4.83333329 0.00000000 1000.00000000
A-16 0.00000000 0.00000000 4.62499989 0.00000000 1000.00000000
A-17 0.00000000 0.00000000 4.91666664 0.00000000 1000.00000000
A-18 0.00000000 0.00000000 5.10416665 0.00000000 999.71022777
A-19 0.00000000 0.00000000 7.63392826 0.00000000 999.71022777
A-20 0.00000000 0.00000000 5.62499988 0.00000000 246.38755517
A-21 0.00000000 0.00000000 5.62500001 0.00000000 974.85990603
A-22 0.00000000 0.00000000 5.31833272 0.00000000 1000.00000000
A-23 0.00000000 0.00000000 6.54500185 0.00000000 1000.00000000
A-24 0.00000000 0.00000000 5.62499984 0.00000000 1000.00000000
A-25 0.00000000 0.00000000 5.41666660 0.00000000 1000.00000000
A-26 0.00000000 0.00000000 0.20833330 0.00000000 1000.00000000
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 5.62499971 0.00000000 999.22871269
B-2 0.00000000 0.00000000 5.62500000 0.00000000 999.22871325
B-3 0.00000000 0.00000000 5.62500097 0.00000000 999.22871304
B-4 0.00000000 0.00000000 5.62500145 0.00000000 999.22871342
B-5 0.00000000 0.00000000 5.62500000 0.00000000 999.22871304
B-6 0.00000000 0.00000000 5.62500197 0.00000000 999.22871598
<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>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Rate Balance Balance Balance Balance Percentage
Class
<S> <C> <C> <C> <C> <C> <C>
A-8 SCH 6.75000% 0.00 0.00 70,772,048.00 71,170,140.77 100.56250000%
A-8 IO 6.75000% 20,433,746.00 20,382,601.21 0.00 0.00 99.74970429%
A-9 SCH 6.75000% 0.00 0.00 2,653,952.00 2,668,880.48 100.56250000%
A-9 IO 6.75000% 766,265.00 764,347.55 0.00 0.00 99.74976673%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 30,141,821.16
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 76,330.23
Realized Losses 0.00
Total Deposits 30,218,151.39
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 241,358.60
Payment of Interest and Principal 29,976,792.77
Total Withdrawals (Pool Distribution Amount) 30,218,151.37
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 14,452.06
Servicing Fee Support 14,452.06
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 239,523.09
Supplemental Pool Insurance Fee 0.00
Additional 1 Fee 0.00
Additional 2 Fee 0.00
Additional 3 Fee 0.00
Additional 4 Fee 0.00
External Master Servicing Fee 0.00
Miscellaneous Fee 0.00
Additional Servicing Fee 0.00
Supported Prepayment/Curtailment Interest Shortfall 14,452.06
Net Servicing Fee 225,071.03
</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 14 5,172,282.70 0.414201% 0.459087%
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 14 5,172,282.70 0.414201% 0.459087%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 1,019.11
Cumulative Realized Losses - Includes Interest Shortfall 1,019.11
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,389,869.47
</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 43,132,097.86 3.75008365% 43,098,830.64 3.82541310% 96.168341% 100.000000%
Class B-1 25,879,097.86 2.25003621% 25,859,137.66 2.29523360% 1.532678% 0.000000%
Class B-2 13,227,097.86 1.15001880% 13,216,895.98 1.17311970% 1.123946% 0.000000%
Class B-3 8,052,097.86 0.70008282% 8,045,887.39 0.71414566% 0.459723% 0.000000%
Class B-4 4,601,097.86 0.40003855% 4,597,549.10 0.40807429% 0.306571% 0.000000%
Class B-5 2,301,097.86 0.20006700% 2,299,323.06 0.20408583% 0.204321% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.204419% 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 260,622.13 0.02265957% 260,622.13 0.02313258%
Fraud 23,003,272.37 2.00000000% 23,003,272.37 2.04174958%
Special Hazard 11,501,636.19 1.00000000% 11,501,636.19 1.02087479%
<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 7.345226%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 356
Begin Scheduled Collateral Loan Count 3,434
Number Of Loans Paid In Full 54
End Scheduled Collateral Loan Count 3,380
Begining Scheduled Collateral Balance 1,150,163,618.63
Ending Scheduled Collateral Balance 1,126,645,135.40
Ending Actual Collateral Balance at 30-Oct-1998 1,125,604,318.74
Ending Scheduled Balance For Norwest 933,016,590.87
Ending Scheduled Balance For Other Services 193,628,544.53
Monthly P &I Constant 7,617,482.23
Class A Optimal Amount 29,699,823.89
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 991,416,280.66
Ending scheduled Balance For discounted Loans 135,228,854.74
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 1,045,969,863.96
Greater Than 80%, less than or equal to 85% 7,995,942.78
Greater than 85%, less than or equal to 95% 72,819,098.97
Greater than 95% 0.00
</TABLE>
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