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 1998-25 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 December 28, 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 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 1998-25 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 1/7/99
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 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: 1998-25
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% 1,836,419.09 0.00 1,873.24
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 66937RCS6 IO 6.75000% 0.00 27,698.37 0.00
A-7 66937RCT4 SCH 6.45000% 152,652,096.93 820,505.02 1,364,847.97
A-8 66937RCU1 COMP 6.75000% 71,170,140.77 514,984.17 -400,332.04
A-9 66937RCV9 COMP 6.75000% 2,668,880.48 19,311.91 -15,012.45
A-10 66937RCW7 SCH 5.74234% 18,118,056.12 86,700.03 3,352,697.76
A-11 66937RCX5 SCH 9.77298% 6,039,352.04 49,185.39 1,117,565.92
A-12 66937RCY3 SEQ 6.75000% 0.00 0.00 0.00
A-13 66937RCZ0 PAC 5.34234% 61,936,525.00 275,738.31 0.00
A-14 66937RDA4 IO 3.15766% 0.00 162,978.74 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 66937RDE6 SEQ 5.54234% 248,032,178.33 1,145,565.55 3,306,795.72
A-19 66937RDF3 SEQ 11.40812% 64,304,638.90 611,329.04 857,317.41
A-20 66937RDG1 SEQ 6.75000% 3,965,537.48 22,306.15 3,965,537.48
A-21 66937RDH9 SEQ 6.75000% 120,861,600.62 679,846.50 2,073,661.83
A-22 66937RDJ5 SEQ 5.84234% 5,605,236.00 27,289.75 0.00
A-23 66937RDK2 SEQ 9.47298% 1,868,412.00 14,749.52 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 66937RDN6 IO 0.25000% 0.00 12,448.05 0.00
A-R 66937RDP1 R 6.75000% 0.00 0.00 0.00
A-LR 66937RDQ9 R 6.75000% 0.00 0.00 0.00
B-1 66937RDR7 SUB 6.75000% 17,239,692.98 96,973.27 13,504.07
B-2 66937RDS5 SUB 6.75000% 12,642,241.68 71,112.61 9,902.83
B-3 66937RDT3 SUB 6.75000% 5,171,008.59 29,086.92 4,050.52
B-4 66937REB1 SUB 6.75000% 3,448,338.29 19,396.90 2,701.13
B-5 66937REC9 SUB 6.75000% 2,298,226.04 12,927.52 1,800.23
B-6 66937RED7 SUB 6.75000% 2,299,323.06 12,933.69 1,408.44
Totals 1,126,645,135. 6,327,048.98 15,658,320.06
</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 1,834,545.85 1,873.24 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 0.00 151,287,248.96 2,185,352.99 0.00
A-8 0.00 71,570,472.81 114,652.13 0.00
A-9 0.00 2,683,892.93 4,299.46 0.00
A-10 0.00 14,765,358.36 3,439,397.79 0.00
A-11 0.00 4,921,786.12 1,166,751.31 0.00
A-12 0.00 0.00 0.00 0.00
A-13 0.00 61,936,525.00 275,738.31 0.00
A-14 0.00 0.00 162,978.74 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 0.00 244,725,382.61 4,452,361.27 0.00
A-19 0.00 63,447,321.49 1,468,646.45 0.00
A-20 0.00 0.00 3,987,843.63 0.00
A-21 0.00 118,787,938.79 2,753,508.33 0.00
A-22 0.00 5,605,236.00 27,289.75 0.00
A-23 0.00 1,868,412.00 14,749.52 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 0.00 0.00
A-LR 0.00 0.00 0.00 0.00
B-1 0.00 17,226,188.91 110,477.34 0.00
B-2 0.00 12,632,338.85 81,015.44 0.00
B-3 0.00 5,166,958.07 33,137.44 0.00
B-4 0.00 3,445,637.16 22,098.03 0.00
B-5 0.00 2,296,425.81 14,727.75 0.00
B-6 392.64 2,297,521.97 14,342.13 1,411.75
Totals 392.64 1,110,986,422.69 21,985,369.04 1,411.75
<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 1,836,419.09 1,609.63 263.61 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-7 153,846,000.00 152,652,096.93 74,022.47 1,290,825.50 0.00 0.00
A-8 70,772,048.00 71,170,140.77 0.00 0.00 -400,332.04 0.00
A-9 2,653,952.00 2,668,880.48 0.00 0.00 -15,012.45 0.00
A-10 18,523,500.00 18,118,056.12 181,833.42 3,170,864.34 0.00 0.00
A-11 6,174,500.00 6,039,352.04 60,611.14 1,056,954.78 0.00 0.00
A-12 6,825,000.00 0.00 0.00 0.00 0.00 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-18 248,104,072.00 248,032,178.33 179,343.92 3,127,451.80 0.00 0.00
A-19 64,323,278.00 64,304,638.90 46,496.57 810,820.84 0.00 0.00
A-20 16,094,715.00 3,965,537.48 216,280.53 3,771,563.10 -22,306.15 0.00
A-21 123,978,430.00 120,861,600.62 112,464.96 1,961,196.87 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 0.00 0.00 0.00 0.00 0.00
A-LR 50.00 0.00 0.00 0.00 0.00 0.00
B-1 17,253,000.00 17,239,692.98 13,504.07 0.00 0.00 0.00
B-2 12,652,000.00 12,642,241.68 9,902.83 0.00 0.00 0.00
B-3 5,175,000.00 5,171,008.59 4,050.52 0.00 0.00 0.00
B-4 3,451,000.00 3,448,338.29 2,701.13 0.00 0.00 0.00
B-5 2,300,000.00 2,298,226.04 1,800.23 0.00 0.00 0.00
B-6 2,301,097.86 2,299,323.06 1,408.44 0.00 0.00 392.64
Totals 1,150,163,618.6 1,126,645,135.40 906,029.86 15,189,940.84 (437,650.64) 392.64
<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 1,873.24 1,834,545.85 0.99783744 1,873.24
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 1,364,847.97 151,287,248.96 0.98336810 1,364,847.97
A-8 (400,332.04) 71,570,472.81 1.01128164 (400,332.04)
A-9 (15,012.45) 2,683,892.93 1.01128164 (15,012.45)
A-10 3,352,697.76 14,765,358.36 0.79711493 3,352,697.76
A-11 1,117,565.92 4,921,786.12 0.79711493 1,117,565.92
A-12 0.00 0.00 0.00000000 0.00
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 3,306,795.72 244,725,382.61 0.98638197 3,306,795.72
A-19 857,317.41 63,447,321.49 0.98638197 857,317.41
A-20 3,965,537.48 0.00 0.00000000 3,965,537.48
A-21 2,073,661.83 118,787,938.79 0.95813392 2,073,661.83
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 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B-1 13,504.07 17,226,188.91 0.99844600 13,504.07
B-2 9,902.83 12,632,338.85 0.99844600 9,902.83
B-3 4,050.52 5,166,958.07 0.99844600 4,050.52
B-4 2,701.13 3,445,637.16 0.99844600 2,701.13
B-5 1,800.23 2,296,425.81 0.99844600 1,800.23
B-6 1,801.08 2,297,521.97 0.99844601 1,408.44
Totals 15,658,712.70 1,110,986,422.69 0.96593772 15,658,320.06
</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 1,838,521.77 998.85632031 0.87550228 0.14338150 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-7 153,846,000.00 992.23962228 0.48114654 8.39037414 0.00000000
A-8 70,772,048.00 1005.62500000 0.00000000 0.00000000 -5.65664060
A-9 2,653,952.00 1005.62500000 0.00000000 0.00000000 -5.65663961
A-10 18,523,500.00 978.11191837 9.81636408 171.18062677 0.00000000
A-11 6,174,500.00 978.11191837 9.81636408 171.18062677 0.00000000
A-12 6,825,000.00 0.00000000 0.00000000 0.00000000 0.00000000
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-18 248,104,072.00 999.71022777 0.72285762 12.60540295 0.00000000
A-19 64,323,278.00 999.71022777 0.72285759 12.60540298 0.00000000
A-20 16,094,715.00 246.38755517 13.43798446 234.33550082 -1.38593010
A-21 123,978,430.00 974.85990603 0.90713328 15.81885551 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 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 17,253,000.00 999.22871269 0.78270851 0.00000000 0.00000000
B-2 12,652,000.00 999.22871325 0.78270866 0.00000000 0.00000000
B-3 5,175,000.00 999.22871304 0.78270918 0.00000000 0.00000000
B-4 3,451,000.00 999.22871342 0.78270936 0.00000000 0.00000000
B-5 2,300,000.00 999.22871304 0.78270870 0.00000000 0.00000000
B-6 2,301,097.86 999.22871598 0.61207306 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 1.01888377 997.83743654 0.99783744 1.01888377
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 8.87152068 983.36810161 0.98336810 8.87152068
A-8 0.00000000 -5.65664060 1,011.28164060 1.01128164 -5.65664060
A-9 0.00000000 -5.65663961 1,011.28163961 1.01128164 -5.65663961
A-10 0.00000000 180.99699085 797.11492752 0.79711493 180.99699085
A-11 0.00000000 180.99699085 797.11492752 0.79711493 180.99699085
A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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 13.32826057 986.38196720 0.98638197 13.32826057
A-19 0.00000000 13.32826057 986.38196719 0.98638197 13.32826057
A-20 0.00000000 246.38755517 0.00000000 0.00000000 246.38755517
A-21 0.00000000 16.72598879 958.13391725 0.95813392 16.72598879
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 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.78270851 998.44600417 0.99844600 0.78270851
B-2 0.00000000 0.78270866 998.44600458 0.99844600 0.78270866
B-3 0.00000000 0.78270918 998.44600386 0.99844600 0.78270918
B-4 0.00000000 0.78270936 998.44600406 0.99844600 0.78270936
B-5 0.00000000 0.78270870 998.44600435 0.99844600 0.78270870
B-6 0.17063160 0.78270465 998.44600699 0.99844601 0.61207306
<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% 1,836,419.09 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% 4,924,154.28 27,698.37 0.00 0.00
A-7 153,846,000.00 6.45000% 152,652,096.93 820,505.02 0.00 0.00
A-8 70,772,048.00 6.75000% 91,552,741.98 514,984.17 0.00 0.00
A-9 2,653,952.00 6.75000% 3,433,228.03 19,311.91 0.00 0.00
A-10 18,523,500.00 5.74234% 18,118,056.12 86,700.03 0.00 0.00
A-11 6,174,500.00 9.77298% 6,039,352.04 49,185.39 0.00 0.00
A-12 6,825,000.00 6.75000% 0.00 0.00 0.00 0.00
A-13 61,936,525.00 5.34234% 61,936,525.00 275,738.31 0.00 0.00
A-14 0.00 3.15766% 61,936,525.00 162,978.74 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 5.54234% 248,032,178.33 1,145,565.55 0.00 0.00
A-19 64,323,278.00 11.40812% 64,304,638.90 611,329.04 0.00 0.00
A-20 16,094,715.00 6.75000% 3,965,537.48 22,306.15 0.00 0.00
A-21 123,978,430.00 6.75000% 120,861,600.62 679,846.50 0.00 0.00
A-22 5,605,236.00 5.84234% 5,605,236.00 27,289.75 0.00 0.00
A-23 1,868,412.00 9.47298% 1,868,412.00 14,749.52 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% 0.00 0.00 0.00 0.00
A-LR 50.00 6.75000% 0.00 0.00 0.00 0.00
B-1 17,253,000.00 6.75000% 17,239,692.98 96,973.27 0.00 0.00
B-2 12,652,000.00 6.75000% 12,642,241.68 71,112.61 0.00 0.00
B-3 5,175,000.00 6.75000% 5,171,008.59 29,086.92 0.00 0.00
B-4 3,451,000.00 6.75000% 3,448,338.29 19,396.90 0.00 0.00
B-5 2,300,000.00 6.75000% 2,298,226.04 12,927.52 0.00 0.00
B-6 2,301,097.86 6.75000% 2,299,323.06 12,933.69 0.00 0.00
Totals 1,150,163,618.00 6,327,048.98 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 1,834,545.85
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 0.00 820,505.02 0.00 151,287,248.96
A-8 0.00 0.00 514,984.17 0.00 91,894,606.64
A-9 0.00 0.00 19,311.91 0.00 3,446,047.95
A-10 0.00 0.00 86,700.03 0.00 14,765,358.36
A-11 0.00 0.00 49,185.39 0.00 4,921,786.12
A-12 0.00 0.00 0.00 0.00 0.00
A-13 0.00 0.00 275,738.31 0.00 61,936,525.00
A-14 0.00 0.00 162,978.74 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 1,145,565.55 0.00 244,725,382.61
A-19 0.00 0.00 611,329.04 0.00 63,447,321.49
A-20 0.00 0.00 22,306.15 0.00 0.00
A-21 0.00 0.00 679,846.50 0.00 118,787,938.79
A-22 0.00 0.00 27,289.75 0.00 5,605,236.00
A-23 0.00 0.00 14,749.52 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 0.00 0.00 0.00
A-LR 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 96,973.27 0.00 17,226,188.91
B-2 0.00 0.00 71,112.61 0.00 12,632,338.85
B-3 0.00 0.00 29,086.92 0.00 5,166,958.07
B-4 0.00 0.00 19,396.90 0.00 3,445,637.16
B-5 0.00 0.00 12,927.52 0.00 2,296,425.81
B-6 0.00 0.00 12,933.69 0.00 2,297,521.97
Totals 0.00 0.00 6,327,048.98 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% 998.85632031 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% 1000.00005686 5.62500076 0.00000000 0.00000000
A-7 153,846,000.00 6.45000% 992.23962228 5.33328796 0.00000000 0.00000000
A-8 70,772,048.00 6.75000% 1293.62855205 7.27666055 0.00000000 0.00000000
A-9 2,653,952.00 6.75000% 1293.62853209 7.27666137 0.00000000 0.00000000
A-10 18,523,500.00 5.74234% 978.11191837 4.68054255 0.00000000 0.00000000
A-11 6,174,500.00 9.77298% 978.11191837 7.96589036 0.00000000 0.00000000
A-12 6,825,000.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
A-13 61,936,525.00 5.34234% 1000.00000000 4.45194996 0.00000000 0.00000000
A-14 0.00 3.15766% 1000.00000000 2.63138334 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 5.54234% 999.71022777 4.61727831 0.00000000 0.00000000
A-19 64,323,278.00 11.40812% 999.71022777 9.50400942 0.00000000 0.00000000
A-20 16,094,715.00 6.75000% 246.38755517 1.38593010 0.00000000 0.00000000
A-21 123,978,430.00 6.75000% 974.85990603 5.48358694 0.00000000 0.00000000
A-22 5,605,236.00 5.84234% 1000.00000000 4.86861749 0.00000000 0.00000000
A-23 1,868,412.00 9.47298% 1000.00000000 7.89414754 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% 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 50.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 17,253,000.00 6.75000% 999.22871269 5.62066133 0.00000000 0.00000000
B-2 12,652,000.00 6.75000% 999.22871325 5.62066156 0.00000000 0.00000000
B-3 5,175,000.00 6.75000% 999.22871304 5.62066087 0.00000000 0.00000000
B-4 3,451,000.00 6.75000% 999.22871342 5.62066068 0.00000000 0.00000000
B-5 2,300,000.00 6.75000% 999.22871304 5.62066087 0.00000000 0.00000000
B-6 2,301,097.86 6.75000% 999.22871598 5.62066057 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 997.83743654
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 5.33328796 0.00000000 983.36810161
A-8 0.00000000 0.00000000 7.27666055 0.00000000 1298.45905604
A-9 0.00000000 0.00000000 7.27666137 0.00000000 1298.45903392
A-10 0.00000000 0.00000000 4.68054255 0.00000000 797.11492752
A-11 0.00000000 0.00000000 7.96589036 0.00000000 797.11492752
A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-13 0.00000000 0.00000000 4.45194996 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 2.63138334 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 4.61727831 0.00000000 986.38196720
A-19 0.00000000 0.00000000 9.50400942 0.00000000 986.38196719
A-20 0.00000000 0.00000000 1.38593010 0.00000000 0.00000000
A-21 0.00000000 0.00000000 5.48358694 0.00000000 958.13391725
A-22 0.00000000 0.00000000 4.86861749 0.00000000 1000.00000000
A-23 0.00000000 0.00000000 7.89414754 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 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.62066133 0.00000000 998.44600417
B-2 0.00000000 0.00000000 5.62066156 0.00000000 998.44600458
B-3 0.00000000 0.00000000 5.62066087 0.00000000 998.44600386
B-4 0.00000000 0.00000000 5.62066068 0.00000000 998.44600406
B-5 0.00000000 0.00000000 5.62066087 0.00000000 998.44600435
B-6 0.00000000 0.00000000 5.62066057 0.00000000 998.44600699
<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 71,170,140.77 71,570,472.81 101.12816406%
A-8 IO 6.75000% 20,382,601.21 20,324,133.82 0.00 0.00 99.46357276%
A-9 SCH 6.75000% 0.00 0.00 2,668,880.48 2,683,892.93 101.12816396%
A-9 IO 6.75000% 764,347.55 762,155.02 0.00 0.00 99.46363464%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 22,357,990.50
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 22,357,990.50
Withdrawals
Reimbursement for Servicer Advances 76,330.23
Payment of Service Fee 235,622.26
Payment of Interest and Principal 21,985,369.08
Total Withdrawals (Pool Distribution Amount) 22,297,321.57
Ending Balance 60,668.93
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 15,056.66
Servicing Fee Support 15,056.66
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 234,718.09
Master Servicing Fee 15,960.83
Supported Prepayment/Curtailment Interest Shortfall 15,056.66
Net Servicing Fee 235,622.26
</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 12 3,799,889.25 0.359174% 0.342028%
60 Days 1 691,446.62 0.029931% 0.062237%
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 13 4,491,335.87 0.389105% 0.404266%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 392.64
Cumulative Realized Losses - Includes Interest Shortfall 1,411.75
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,350,438.84
</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% 43,065,070.77 3.87629137% 96.117297% 100.000000%
Class B-1 25,879,097.86 2.25003621% 25,838,881.86 2.32576036% 1.553096% 0.000000%
Class B-2 13,227,097.86 1.15001880% 13,206,543.01 1.18872227% 1.138919% 0.000000%
Class B-3 8,052,097.86 0.70008282% 8,039,584.94 0.72364385% 0.465848% 0.000000%
Class B-4 4,601,097.86 0.40003855% 4,593,947.78 0.41350170% 0.310655% 0.000000%
Class B-5 2,301,097.86 0.20006700% 2,297,521.97 0.20680018% 0.207043% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.207142% 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 0.02345862%
Fraud 23,003,272.37 2.00000000% 23,003,272.37 2.07052687%
Special Hazard 11,501,636.19 1.00000000% 11,501,636.19 1.03526343%
<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 7.342463%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 355
Begin Scheduled Collateral Loan Count 3,380
Number Of Loans Paid In Full 39
End Scheduled Collateral Loan Count 3,341
Begining Scheduled Collateral Balance 1,126,645,135.40
Ending Scheduled Collateral Balance 1,110,986,422.70
Ending Actual Collateral Balance at 30-Nov-1998 1,116,896,817.97
Ending Scheduled Balance For Norwest 919,510,940.79
Ending Scheduled Balance For Other Services 191,475,481.91
Monthly P &I Constant 7,472,911.98
Class A Optimal Amount 21,707,697.67
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 975,856,680.70
Ending scheduled Balance For discounted Loans 135,129,742.00
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 1,030,620,995.90
Greater Than 80%, less than or equal to 85% 7,987,869.41
Greater than 85%, less than or equal to 95% 72,505,473.84
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
