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 1998-26 Trust
New York (governing law of 333-45021-27 PENDING
Pooling and Servicing Agreement) (Commission
(State or other File Number) IRS EIN
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, Maryland (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
Former name or former address, if changed since last report)
ITEM 5. Other Events
On December 28, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-26
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
1998-26 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 1998-26 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 1998-26 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: 1998-26
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 NMB9826PO PO 0.00000% 1,005,837.97 0.00 1,026.34
A-1 66937RAZ2 PAC 6.00000% 83,400,000.00 417,000.00 0.00
A-2 66937RBA6 PAC 6.10000% 54,579,000.00 277,443.25 0.00
A-3 66937RBB4 PAC 5.85000% 24,850,000.00 121,143.75 0.00
A-4 66937RBC2 IO 6.75000% 0.00 100,326.13 0.00
A-5 66937RBD0 SCH 6.75000% 99,113,093.01 557,511.15 508,128.24
A-6 66937RBE8 SCH 6.60000% 23,741,272.39 130,577.00 121,715.61
A-7 66937RBF5 SCH 6.50000% 19,809,279.69 107,300.26 101,557.26
A-8 66937RBG3 SCH 8.00000% 6,810,808.63 45,405.39 34,917.33
A-9 66937RBH1 SEQ 6.75000% 9,686,140.48 54,484.54 3,079,375.85
A-10 66937RDU0 SEQ 6.75000% 8,753,965.63 49,241.06 -49,241.06
A-11 66937RBJ7 SEQ 6.75000% 703,937.50 3,959.65 -3,959.65
A-12 66937RBK4 SCH 6.75000% 10,413,286.30 58,574.74 57,602.39
A-13 66937RBL2 COMP 6.75000% 40,930,353.55 230,233.24 275,075.08
A-14 66937RBM0 SEQ 6.75000% 1,021,749.13 5,747.34 851,803.09
A-15 66937RBN8 SEQ 6.75000% 238,333.13 1,340.62 -1,340.62
A-16 66937RBP3 SEQ 6.75000% 79,000,000.00 444,375.00 0.00
A-R 66937RBR9 R 6.75000% 100.00 0.56 0.00
A-LR 66937RBS7 ALR 6.75000% 100.00 0.56 0.00
B-1 66937RBT5 SUB 6.75000% 8,743,320.20 49,181.18 6,861.01
B-2 66937RBU2 SUB 6.75000% 7,244,465.30 40,750.12 5,684.84
B-3 66937RBV0 SUB 6.75000% 2,248,282.34 12,646.59 1,764.26
B-4 66937RDY2 SUB 6.75000% 1,498,854.89 8,431.06 1,176.17
B-5 66937RDZ9 SUB 6.75000% 1,498,854.89 8,431.06 1,176.17
B-6 66937REA3 SUB 6.75000% 1,249,164.23 7,026.55 143.93
Totals 486,540,199.26 2,731,130.80 4,993,466.24
</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 1,004,811.63 1,026.34 0.00
A-1 0.00 83,400,000.00 417,000.00 0.00
A-2 0.00 54,579,000.00 277,443.25 0.00
A-3 0.00 24,850,000.00 121,143.75 0.00
A-4 0.00 0.00 100,326.13 0.00
A-5 0.00 98,604,964.78 1,065,639.39 0.00
A-6 0.00 23,619,556.78 252,292.61 0.00
A-7 0.00 19,707,722.43 208,857.52 0.00
A-8 0.00 6,775,891.30 80,322.72 0.00
A-9 0.00 6,606,764.62 3,133,860.39 0.00
A-10 0.00 8,803,206.68 0.00 0.00
A-11 0.00 707,897.15 0.00 0.00
A-12 0.00 10,355,683.91 116,177.13 0.00
A-13 0.00 40,655,278.47 505,308.32 0.00
A-14 0.00 169,946.04 857,550.43 0.00
A-15 0.00 239,673.75 0.00 0.00
A-16 0.00 79,000,000.00 444,375.00 0.00
A-R 0.00 100.00 0.56 0.00
A-LR 0.00 100.00 0.56 0.00
B-1 0.00 8,736,459.19 56,042.19 0.00
B-2 0.00 7,238,780.47 46,434.96 0.00
B-3 0.00 2,246,518.08 14,410.85 0.00
B-4 0.00 1,497,678.72 9,607.23 0.00
B-5 0.00 1,497,678.72 9,607.23 0.00
B-6 836.31 1,248,183.99 7,170.48 1,094.00
Totals 836.31 481,545,896.71 7,724,597.04 1,094.00
<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 1,006,914.12 1,005,837.97 882.97 143.37 0.00 0.00
A-1 83,400,000.00 83,400,000.00 0.00 0.00 0.00 0.00
A-2 54,579,000.00 54,579,000.00 0.00 0.00 0.00 0.00
A-3 24,850,000.00 24,850,000.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 99,567,000.00 99,113,093.01 37,107.85 471,020.38 0.00 0.00
A-6 23,850,000.00 23,741,272.39 8,888.71 112,826.90 0.00 0.00
A-7 19,900,000.00 19,809,279.69 7,416.58 94,140.69 0.00 0.00
A-8 6,842,000.00 6,810,808.63 2,549.96 32,367.37 0.00 0.00
A-9 19,300,000.00 9,686,140.48 228,861.20 2,904,999.20 -54,484.54 0.00
A-10 8,705,000.00 8,753,965.63 0.00 0.00 -49,241.06 0.00
A-11 700,000.00 703,937.50 0.00 0.00 -3,959.65 0.00
A-12 10,464,000.00 10,413,286.30 4,206.62 53,395.77 0.00 0.00
A-13 41,157,000.00 40,930,353.55 20,088.33 254,986.75 0.00 0.00
A-14 3,942,000.00 1,021,749.13 62,625.64 794,924.79 -5,747.34 0.00
A-15 237,000.00 238,333.13 0.00 0.00 -1,340.62 0.00
A-16 79,000,000.00 79,000,000.00 0.00 0.00 0.00 0.00
A-R 100.00 100.00 0.00 0.00 0.00 0.00
A-LR 100.00 100.00 0.00 0.00 0.00 0.00
B-1 8,750,000.00 8,743,320.20 6,861.01 0.00 0.00 0.00
B-2 7,250,000.00 7,244,465.30 5,684.84 0.00 0.00 0.00
B-3 2,250,000.00 2,248,282.34 1,764.26 0.00 0.00 0.00
B-4 1,500,000.00 1,498,854.89 1,176.17 0.00 0.00 0.00
B-5 1,500,000.00 1,498,854.89 1,176.17 0.00 0.00 0.00
B-6 1,250,118.57 1,249,164.23 143.93 0.00 0.00 836.31
Totals 500,000,232.69 486,540,199.26 389,434.24 4,718,805.22 (114,773.21) 836.31
<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 1,026.34 1,004,811.63 0.99791195 1,026.34
A-1 0.00 83,400,000.00 1.00000000 0.00
A-2 0.00 54,579,000.00 1.00000000 0.00
A-3 0.00 24,850,000.00 1.00000000 0.00
A-4 0.00 0.00 0.00000000 0.00
A-5 508,128.24 98,604,964.78 0.99033781 508,128.24
A-6 121,715.61 23,619,556.78 0.99033781 121,715.61
A-7 101,557.26 19,707,722.43 0.99033781 101,557.26
A-8 34,917.33 6,775,891.30 0.99033781 34,917.33
A-9 3,079,375.85 6,606,764.62 0.34231941 3,079,375.85
A-10 (49,241.06) 8,803,206.68 1.01128164 (49,241.06)
A-11 (3,959.65) 707,897.15 1.01128164 (3,959.65)
A-12 57,602.39 10,355,683.91 0.98964869 57,602.39
A-13 275,075.08 40,655,278.47 0.98780957 275,075.08
A-14 851,803.09 169,946.04 0.04311163 851,803.09
A-15 (1,340.62) 239,673.75 1.01128165 (1,340.62)
A-16 0.00 79,000,000.00 1.00000000 0.00
A-R 0.00 100.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
B-1 6,861.01 8,736,459.19 0.99845248 6,861.01
B-2 5,684.84 7,238,780.47 0.99845248 5,684.84
B-3 1,764.26 2,246,518.08 0.99845248 1,764.26
B-4 1,176.17 1,497,678.72 0.99845248 1,176.17
B-5 1,176.17 1,497,678.72 0.99845248 1,176.17
B-6 980.24 1,248,183.99 0.99845248 143.93
Totals 4,994,302.55 481,545,896.71 0.96309135 4,993,466.24
</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 1,006,914.12 998.93123954 0.87690696 0.14238553 0.00000000
A-1 83,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 54,579,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 24,850,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-5 99,567,000.00 995.44119045 0.37269226 4.73068768 0.00000000
A-6 23,850,000.00 995.44119036 0.37269224 4.73068763 0.00000000
A-7 19,900,000.00 995.44119045 0.37269246 4.73068794 0.00000000
A-8 6,842,000.00 995.44119117 0.37269220 4.73068840 0.00000000
A-9 19,300,000.00 501.87256373 11.85809326 150.51809326 -2.82303316
A-10 8,705,000.00 1005.62500057 0.00000000 0.00000000 -5.65664101
A-11 700,000.00 1005.62500000 0.00000000 0.00000000 -5.65664286
A-12 10,464,000.00 995.15350726 0.40200879 5.10280677 0.00000000
A-13 41,157,000.00 994.49312511 0.48809024 6.19546493 0.00000000
A-14 3,942,000.00 259.19561898 15.88676814 201.65519787 -1.45797565
A-15 237,000.00 1005.62502110 0.00000000 0.00000000 -5.65662447
A-16 79,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-LR 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 8,750,000.00 999.23659429 0.78411543 0.00000000 0.00000000
B-2 7,250,000.00 999.23659310 0.78411586 0.00000000 0.00000000
B-3 2,250,000.00 999.23659556 0.78411556 0.00000000 0.00000000
B-4 1,500,000.00 999.23659333 0.78411333 0.00000000 0.00000000
B-5 1,500,000.00 999.23659333 0.78411333 0.00000000 0.00000000
B-6 1,250,118.57 999.23660041 0.11513308 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 1.01929249 997.91194705 0.99791195 1.01929249
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 0.00000000 0.00000000 0.00000000
A-5 0.00000000 5.10338004 990.33781052 0.99033781 5.10338004
A-6 0.00000000 5.10337987 990.33781048 0.99033781 5.10337987
A-7 0.00000000 5.10337990 990.33781055 0.99033781 5.10337990
A-8 0.00000000 5.10338059 990.33781058 0.99033781 5.10338059
A-9 0.00000000 159.55315285 342.31941036 0.34231941 159.55315285
A-10 0.00000000 -5.65664101 1,011.28164044 1.01128164 -5.65664101
A-11 0.00000000 -5.65664286 1,011.28164286 1.01128164 -5.65664286
A-12 0.00000000 5.50481556 989.64869170 0.98964869 5.50481556
A-13 0.00000000 6.68355517 987.80956994 0.98780957 6.68355517
A-14 0.00000000 216.08399036 43.11162861 0.04311163 216.08399036
A-15 0.00000000 -5.65662447 1,011.28164557 1.01128165 -5.65662447
A-16 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-LR 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-1 0.00000000 0.78411543 998.45247886 0.99845248 0.78411543
B-2 0.00000000 0.78411586 998.45247862 0.99845248 0.78411586
B-3 0.00000000 0.78411556 998.45248000 0.99845248 0.78411556
B-4 0.00000000 0.78411333 998.45248000 0.99845248 0.78411333
B-5 0.00000000 0.78411333 998.45248000 0.99845248 0.78411333
B-6 0.66898454 0.78411762 998.45248279 0.99845248 0.11513308
<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 1,006,914.12 0.00000% 1,005,837.97 0.00 0.00 0.00
A-1 83,400,000.00 6.00000% 83,400,000.00 417,000.00 0.00 0.00
A-2 54,579,000.00 6.10000% 54,579,000.00 277,443.25 0.00 0.00
A-3 24,850,000.00 5.85000% 24,850,000.00 121,143.75 0.00 0.00
A-4 0.00 6.75000% 17,835,755.56 100,326.13 0.00 0.00
A-5 99,567,000.00 6.75000% 99,113,093.01 557,511.15 0.00 0.00
A-6 23,850,000.00 6.60000% 23,741,272.39 130,577.00 0.00 0.00
A-7 19,900,000.00 6.50000% 19,809,279.69 107,300.26 0.00 0.00
A-8 6,842,000.00 8.00000% 6,810,808.63 45,405.39 0.00 0.00
A-9 19,300,000.00 6.75000% 9,686,140.48 54,484.54 0.00 0.00
A-10 8,705,000.00 6.75000% 8,753,965.63 49,241.06 0.00 0.00
A-11 700,000.00 6.75000% 703,937.50 3,959.65 0.00 0.00
A-12 10,464,000.00 6.75000% 10,413,286.30 58,574.74 0.00 0.00
A-13 41,157,000.00 6.75000% 40,930,353.55 230,233.24 0.00 0.00
A-14 3,942,000.00 6.75000% 1,021,749.13 5,747.34 0.00 0.00
A-15 237,000.00 6.75000% 238,333.13 1,340.62 0.00 0.00
A-16 79,000,000.00 6.75000% 79,000,000.00 444,375.00 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 8,750,000.00 6.75000% 8,743,320.20 49,181.18 0.00 0.00
B-2 7,250,000.00 6.75000% 7,244,465.30 40,750.12 0.00 0.00
B-3 2,250,000.00 6.75000% 2,248,282.34 12,646.59 0.00 0.00
B-4 1,500,000.00 6.75000% 1,498,854.89 8,431.06 0.00 0.00
B-5 1,500,000.00 6.75000% 1,498,854.89 8,431.06 0.00 0.00
B-6 1,250,118.57 6.75000% 1,249,164.23 7,026.55 0.00 0.00
Totals 500,000,232.69 2,731,130.80 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 1,004,811.63
A-1 0.00 0.00 417,000.00 0.00 83,400,000.00
A-2 0.00 0.00 277,443.25 0.00 54,579,000.00
A-3 0.00 0.00 121,143.75 0.00 24,850,000.00
A-4 0.00 0.00 100,326.13 0.00 17,835,755.56
A-5 0.00 0.00 557,511.15 0.00 98,604,964.78
A-6 0.00 0.00 130,577.00 0.00 23,619,556.78
A-7 0.00 0.00 107,300.26 0.00 19,707,722.43
A-8 0.00 0.00 45,405.39 0.00 6,775,891.30
A-9 0.00 0.00 54,484.54 0.00 6,606,764.62
A-10 0.00 0.00 49,241.06 0.00 8,803,206.68
A-11 0.00 0.00 3,959.65 0.00 707,897.15
A-12 0.00 0.00 58,574.74 0.00 10,355,683.91
A-13 0.00 0.00 230,233.24 0.00 40,655,278.47
A-14 0.00 0.00 5,747.34 0.00 169,946.04
A-15 0.00 0.00 1,340.62 0.00 239,673.75
A-16 0.00 0.00 444,375.00 0.00 79,000,000.00
A-R 0.00 0.00 0.56 0.00 100.00
A-LR 0.00 0.00 0.56 0.00 100.00
B-1 0.00 0.00 49,181.18 0.00 8,736,459.19
B-2 0.00 0.00 40,750.12 0.00 7,238,780.47
B-3 0.00 0.00 12,646.59 0.00 2,246,518.08
B-4 0.00 0.00 8,431.06 0.00 1,497,678.72
B-5 0.00 0.00 8,431.06 0.00 1,497,678.72
B-6 0.00 0.00 7,026.55 0.00 1,248,183.99
Totals 0.00 0.00 2,731,130.80 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 1,006,914.12 0.00000% 998.93123954 0.00000000 0.00000000 0.00000000
A-1 83,400,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-2 54,579,000.00 6.10000% 1000.00000000 5.08333333 0.00000000 0.00000000
A-3 24,850,000.00 5.85000% 1000.00000000 4.87500000 0.00000000 0.00000000
A-4 0.00 6.75000% 1000.00000000 5.62500028 0.00000000 0.00000000
A-5 99,567,000.00 6.75000% 995.44119045 5.59935671 0.00000000 0.00000000
A-6 23,850,000.00 6.60000% 995.44119036 5.47492662 0.00000000 0.00000000
A-7 19,900,000.00 6.50000% 995.44119045 5.39197286 0.00000000 0.00000000
A-8 6,842,000.00 8.00000% 995.44119117 6.63627448 0.00000000 0.00000000
A-9 19,300,000.00 6.75000% 501.87256373 2.82303316 0.00000000 0.00000000
A-10 8,705,000.00 6.75000% 1005.62500057 5.65664101 0.00000000 0.00000000
A-11 700,000.00 6.75000% 1005.62500000 5.65664286 0.00000000 0.00000000
A-12 10,464,000.00 6.75000% 995.15350726 5.59773891 0.00000000 0.00000000
A-13 41,157,000.00 6.75000% 994.49312511 5.59402386 0.00000000 0.00000000
A-14 3,942,000.00 6.75000% 259.19561898 1.45797565 0.00000000 0.00000000
A-15 237,000.00 6.75000% 1005.62502110 5.65662447 0.00000000 0.00000000
A-16 79,000,000.00 6.75000% 1000.00000000 5.62500000 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 8,750,000.00 6.75000% 999.23659429 5.62070629 0.00000000 0.00000000
B-2 7,250,000.00 6.75000% 999.23659310 5.62070621 0.00000000 0.00000000
B-3 2,250,000.00 6.75000% 999.23659556 5.62070667 0.00000000 0.00000000
B-4 1,500,000.00 6.75000% 999.23659333 5.62070667 0.00000000 0.00000000
B-5 1,500,000.00 6.75000% 999.23659333 5.62070667 0.00000000 0.00000000
B-6 1,250,118.57 6.75000% 999.23660041 5.62070684 0.00000000 0.00000000
<FN>
(5) Per $1000 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 997.91194705
A-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 5.08333333 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 4.87500000 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.62500028 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.59935671 0.00000000 990.33781052
A-6 0.00000000 0.00000000 5.47492662 0.00000000 990.33781048
A-7 0.00000000 0.00000000 5.39197286 0.00000000 990.33781055
A-8 0.00000000 0.00000000 6.63627448 0.00000000 990.33781058
A-9 0.00000000 0.00000000 2.82303316 0.00000000 342.31941036
A-10 0.00000000 0.00000000 5.65664101 0.00000000 1011.28164044
A-11 0.00000000 0.00000000 5.65664286 0.00000000 1011.28164286
A-12 0.00000000 0.00000000 5.59773891 0.00000000 989.64869170
A-13 0.00000000 0.00000000 5.59402386 0.00000000 987.80956994
A-14 0.00000000 0.00000000 1.45797565 0.00000000 43.11162861
A-15 0.00000000 0.00000000 5.65662447 0.00000000 1011.28164557
A-16 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.60000000 0.00000000 1000.00000000
A-LR 0.00000000 0.00000000 5.60000000 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 5.62070629 0.00000000 998.45247886
B-2 0.00000000 0.00000000 5.62070621 0.00000000 998.45247862
B-3 0.00000000 0.00000000 5.62070667 0.00000000 998.45248000
B-4 0.00000000 0.00000000 5.62070667 0.00000000 998.45248000
B-5 0.00000000 0.00000000 5.62070667 0.00000000 998.45248000
B-6 0.00000000 0.00000000 5.62070684 0.00000000 998.45248279
<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-13 SCH 6.75000% 0.00 0.00 27,921,021.95 27,766,573.33 98.96486912%
A-13 SEQ 6.75000% 0.00 0.00 13,009,331.60 12,888,705.14 98.38706214%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 7,857,926.36
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 7,857,926.36
Withdrawals
Reimbursement for Servicer Advances 12,544.89
Payment of Service Fee 104,138.60
Payment of Interest and Principal 7,724,597.03
Total Withdrawals (Pool Distribution Amount) 7,841,280.52
Ending Balance 16,645.84
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 4,116.70
Servicing Fee Support 4,116.70
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 101,362.64
Master Servicing Fee 6,892.66
Supported Prepayment/Curtailment Interest Shortfall 4,116.70
Net Servicing Fee 104,138.60
</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 2,699,183.71 0.461741% 0.560525%
60 Days 1 307,517.99 0.065963% 0.063861%
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 8 3,006,701.70 0.527704% 0.624385%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 836.31
Cumulative Realized Losses - Includes Interest Shortfall 1,094.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,166,201.71
</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 22,500,118.57 4.50002162% 22,465,299.17 4.66524569% 95.324999% 100.000000%
Class B-1 13,750,118.57 2.75002243% 13,728,839.98 2.85099304% 1.818046% 0.000000%
Class B-2 6,500,118.57 1.30002311% 6,490,059.51 1.34775513% 1.506381% 0.000000%
Class B-3 4,250,118.57 0.85002332% 4,243,541.43 0.88123302% 0.467498% 0.000000%
Class B-4 2,750,118.57 0.55002346% 2,745,862.71 0.57021828% 0.311665% 0.000000%
Class B-5 1,250,118.57 0.25002360% 1,248,183.99 0.25920354% 0.311665% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.259746% 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 224,446.04 0.04488919% 224,446.04 0.04660948%
Fraud 10,000,004.65 2.00000000% 10,000,004.65 2.07664622%
Special Hazard 5,563,695.21 1.11273852% 5,563,695.21 1.15538212%
<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 7.325506%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 356
Begin Scheduled Collateral Loan Count 1,529
Number Of Loans Paid In Full 13
End Scheduled Collateral Loan Count 1,516
Begining Scheduled Collateral Balance 486,540,199.25
Ending Scheduled Collateral Balance 481,545,896.69
Ending Actual Collateral Balance at 30-Nov-1998 482,425,194.86
Ending Scheduled Balance For Norwest 272,077,672.87
Ending Scheduled Balance For Other Services 209,468,223.82
Monthly P &I Constant 3,223,676.22
Class A Optimal Amount 7,580,297.77
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 416,875,325.18
Ending scheduled Balance For discounted Loans 64,670,571.51
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 399,014,356.86
Greater Than 80%, less than or equal to 85% 13,536,654.90
Greater than 85%, less than or equal to 95% 61,951,967.77
Greater than 95% 7,172,839.84
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
