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Previous: CITY CAPITAL HOME LOAN TRUST 1998-4, 8-K, 1999-01-12 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1998-30 TRUST, 8-K, 1999-01-12 |
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 1998-29 Trust
New York (governing law of 333-45021-31 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 1998-29
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
1998-29 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 1998-29 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 12/30/1998
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-29 Trust, relating to the December
28, 1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 11/30/1998
Distribution Date: 12/28/1998
NASCOR Series: 1998-29
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 NMB9829PO PO 0.00000% 109,667.21 0.00 114.90
A-1 66937REE5 SEQ 6.25000% 70,000,000.00 364,583.33 1,058,123.99
A-2 66937REF2 SEQ 6.25000% 366,106,000.00 1,906,802.08 7,725,728.94
A-3 66937REG0 SEQ 6.25000% 190,292,232.00 991,105.38 2,967,639.93
A-4 66937REH8 SEQ 6.00000% 31,310,000.00 156,550.00 0.00
A-5 66937REJ4 SEQ 6.25000% 150,000,000.00 781,250.00 2,874,151.97
A-6 66937REK1 SEQ 6.25000% 50,000,000.00 260,416.67 768,761.79
A-7 66937REL9 SEQ 6.75000% 15,655,000.00 88,059.38 0.00
A-8 66937REM7 SEQ 6.37500% 23,616,176.00 125,460.93 0.00
A-9 66937REN5 SEQ 6.25000% 10,911,000.00 56,828.12 -56,828.12
A-10 66937REP0 SEQ 6.25000% 98,000,000.00 510,416.67 0.00
A-11 66937REQ8 SEQ 6.25000% 269,000.00 1,401.04 0.00
A-12 66937RGM5 SEQ 5.90278% 8,501,824.00 41,820.31 0.00
A-R 66937RGN3 R 6.25000% 100.00 0.52 100.00
B-1 66937RER6 MEZ 6.25000% 15,856,000.00 82,583.33 12,522.09
B-2 66937RES4 SUB 6.25000% 14,270,000.00 74,322.92 11,269.57
B-3 66937RET2 SUB 6.25000% 4,228,000.00 22,020.83 3,339.01
B-4 66937RGC7 SUB 6.25000% 3,171,000.00 16,515.62 2,504.26
B-5 66937RGD5 SUB 6.25000% 2,643,000.00 13,765.62 2,087.28
B-6 66937RGE3 SUB 6.25000% 2,114,673.73 11,013.93 57.37
Totals 1,057,053,672.94 5,504,916.68 15,369,572.98
</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 0.00 109,552.31 114.90 0.00
A-1 0.00 68,941,876.01 1,422,707.32 0.00
A-2 0.00 358,380,271.06 9,632,531.02 0.00
A-3 0.00 187,324,592.07 3,958,745.31 0.00
A-4 0.00 31,310,000.00 156,550.00 0.00
A-5 0.00 147,125,848.03 3,655,401.97 0.00
A-6 0.00 49,231,238.21 1,029,178.46 0.00
A-7 0.00 15,655,000.00 88,059.38 0.00
A-8 0.00 23,616,176.00 125,460.93 0.00
A-9 0.00 10,967,828.12 0.00 0.00
A-1 0.00 98,000,000.00 510,416.67 0.00
A-1 0.00 269,000.00 1,401.04 0.00
A-1 0.00 8,501,824.00 41,820.31 0.00
A-R 0.00 0.00 100.52 0.00
B-1 0.00 15,843,477.91 95,105.42 0.00
B-2 0.00 14,258,730.43 85,592.49 0.00
B-3 0.00 4,224,660.99 25,359.84 0.00
B-4 0.00 3,168,495.74 19,019.88 0.00
B-5 0.00 2,640,912.72 15,852.90 0.00
B-6 1,612.68 2,113,003.68 11,071.30 1,612.68
Totols 1,612.68 1,041,682,487.28 20,874,489.66 1,612.68
<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 109,667.21 109,667.21 103.21 11.69 0.00 0.00
A-1 70,000,000.00 70,000,000.00 55,281.70 1,002,842.29 0.00 0.00
A-2 366,106,000.00 366,106,000.00 403,630.79 7,322,098.15 0.00 0.00
A-3 190,292,232.00 190,292,232.00 155,044.38 2,812,595.55 0.00 0.00
A-4 31,310,000.00 31,310,000.00 0.00 0.00 0.00 0.00
A-5 150,000,000.00 150,000,000.00 150,160.10 2,723,991.87 0.00 0.00
A-6 50,000,000.00 50,000,000.00 40,163.97 728,597.83 0.00 0.00
A-7 15,655,000.00 15,655,000.00 0.00 0.00 0.00 0.00
A-8 23,616,176.00 23,616,176.00 0.00 0.00 0.00 0.00
A-9 10,911,000.00 10,911,000.00 0.00 0.00 -56,828.12 0.00
A-10 98,000,000.00 98,000,000.00 0.00 0.00 0.00 0.00
A-11 269,000.00 269,000.00 0.00 0.00 0.00 0.00
A-12 8,501,824.00 8,501,824.00 0.00 0.00 0.00 0.00
A-R 100.00 100.00 5.22 94.78 0.00 0.00
B-1 15,856,000.00 15,856,000.00 12,522.09 0.00 0.00 0.00
B-2 14,270,000.00 14,270,000.00 11,269.57 0.00 0.00 0.00
B-3 4,228,000.00 4,228,000.00 3,339.01 0.00 0.00 0.00
B-4 3,171,000.00 3,171,000.00 2,504.26 0.00 0.00 0.00
B-5 2,643,000.00 2,643,000.00 2,087.28 0.00 0.00 0.00
B-6 2,114,673.73 2,114,673.73 57.37 0.00 0.00 1,612.68
Totals 1,057,053,672.94 1,057,053,672.94 836,168.95 14,590,232.16 (56,828.12) 1,612.68
<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 114.90 109,552.31 0.99895228 114.90
A-1 1,058,123.99 68,941,876.01 0.98488394 1,058,123.99
A-2 7,725,728.94 358,380,271.06 0.97889756 7,725,728.94
A-3 2,967,639.93 187,324,592.07 0.98440483 2,967,639.93
A-4 0.00 31,310,000.00 1.00000000 0.00
A-5 2,874,151.97 147,125,848.03 0.98083899 2,874,151.97
A-6 768,761.79 49,231,238.21 0.98462476 768,761.79
A-7 0.00 15,655,000.00 1.00000000 0.00
A-8 0.00 23,616,176.00 1.00000000 0.00
A-9 (56,828.12) 10,967,828.12 1.00520833 (56,828.12)
A-10 0.00 98,000,000.00 1.00000000 0.00
A-11 0.00 269,000.00 1.00000000 0.00
A-12 0.00 8,501,824.00 1.00000000 0.00
A-R 100.00 0.00 0.00000000 100.00
B-1 12,522.09 15,843,477.91 0.99921026 12,522.09
B-2 11,269.57 14,258,730.43 0.99921026 11,269.57
B-3 3,339.01 4,224,660.99 0.99921026 3,339.01
B-4 2,504.26 3,168,495.74 0.99921026 2,504.26
B-5 2,087.28 2,640,912.72 0.99921026 2,087.28
B-6 1,670.05 2,113,003.68 0.99921026 57.37
Totals 15,371,185.66 1,041,682,487.28 0.98545846 15,369,572.98
</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 109,667.21 1000.00000000 0.94111996 0.10659522 0.00000000
A-1 70,000,000.00 1000.00000000 0.78973857 14.32631843 0.00000000
A-2 366,106,000.00 1000.00000000 1.10249706 19.99994032 0.00000000
A-3 190,292,232.00 1000.00000000 0.81476989 14.78040128 0.00000000
A-4 31,310,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 150,000,000.00 1000.00000000 1.00106733 18.15994580 0.00000000
A-6 50,000,000.00 1000.00000000 0.80327940 14.57195660 0.00000000
A-7 15,655,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 23,616,176.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-9 10,911,000.00 1000.00000000 0.00000000 0.00000000 -5.20833288
A-10 98,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-11 269,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-12 8,501,824.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 1000.00000000 52.20000000 947.80000000 0.00000000
B-1 15,856,000.00 1000.00000000 0.78973827 0.00000000 0.00000000
B-2 14,270,000.00 1000.00000000 0.78973861 0.00000000 0.00000000
B-3 4,228,000.00 1000.00000000 0.78973746 0.00000000 0.00000000
B-4 3,171,000.00 1000.00000000 0.78973825 0.00000000 0.00000000
B-5 2,643,000.00 1000.00000000 0.78973893 0.00000000 0.00000000
B-6 2,114,673.73 1000.00000000 0.02712948 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 1.04771517 998.95228483 0.99895228 1.04771517
A-1 0.00000000 15.11605700 984.88394300 0.98488394 15.11605700
A-2 0.00000000 21.10243738 978.89756262 0.97889756 21.10243738
A-3 0.00000000 15.59517117 984.40482883 0.98440483 15.59517117
A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5 0.00000000 19.16101313 980.83898687 0.98083899 19.16101313
A-6 0.00000000 15.37523580 984.62476420 0.98462476 15.37523580
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 -5.20833288 1,005.20833288 1.00520833 -5.20833288
A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
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-R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
B-1 0.00000000 0.78973827 999.21026173 0.99921026 0.78973827
B-2 0.00000000 0.78973861 999.21026139 0.99921026 0.78973861
B-3 0.00000000 0.78973746 999.21026254 0.99921026 0.78973746
B-4 0.00000000 0.78973825 999.21026175 0.99921026 0.78973825
B-5 0.00000000 0.78973893 999.21026107 0.99921026 0.78973893
B-6 0.76261410 0.78974358 999.21025642 0.99921026 0.02712948
<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 109,667.21 0.00000% 109,667.21 0.00 0.00 0.00
A-1 70,000,000.00 6.25000% 70,000,000.00 364,583.33 0.00 0.00
A-2 366,106,000.00 6.25000% 366,106,000.00 1,906,802.08 0.00 0.00
A-3 190,292,232.00 6.25000% 190,292,232.00 991,105.38 0.00 0.00
A-4 31,310,000.00 6.00000% 31,310,000.00 156,550.00 0.00 0.00
A-5 150,000,000.00 6.25000% 150,000,000.00 781,250.00 0.00 0.00
A-6 50,000,000.00 6.25000% 50,000,000.00 260,416.67 0.00 0.00
A-7 15,655,000.00 6.75000% 15,655,000.00 88,059.38 0.00 0.00
A-8 23,616,176.00 6.37500% 23,616,176.00 125,460.93 0.00 0.00
A-9 10,911,000.00 6.25000% 10,911,000.00 56,828.12 0.00 0.00
A-10 98,000,000.00 6.25000% 98,000,000.00 510,416.67 0.00 0.00
A-11 269,000.00 6.25000% 269,000.00 1,401.04 0.00 0.00
A-12 8,501,824.00 5.90278% 8,501,824.00 41,820.31 0.00 0.00
A-R 100.00 6.25000% 100.00 0.52 0.00 0.00
B-1 15,856,000.00 6.25000% 15,856,000.00 82,583.33 0.00 0.00
B-2 14,270,000.00 6.25000% 14,270,000.00 74,322.92 0.00 0.00
B-3 4,228,000.00 6.25000% 4,228,000.00 22,020.83 0.00 0.00
B-4 3,171,000.00 6.25000% 3,171,000.00 16,515.62 0.00 0.00
B-5 2,643,000.00 6.25000% 2,643,000.00 13,765.62 0.00 0.00
B-6 2,114,673.73 6.25000% 2,114,673.73 11,013.93 0.00 0.00
Totals 1,057,053,672.94 5,504,916.68 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 0.00 109,552.31
A-1 0.00 0.00 364,583.33 0.00 68,941,876.01
A-2 0.00 0.00 1,906,802.08 0.00 358,380,271.06
A-3 0.00 0.00 991,105.38 0.00 187,324,592.07
A-4 0.00 0.00 156,550.00 0.00 31,310,000.00
A-5 0.00 0.00 781,250.00 0.00 147,125,848.03
A-6 0.00 0.00 260,416.67 0.00 49,231,238.21
A-7 0.00 0.00 88,059.38 0.00 15,655,000.00
A-8 0.00 0.00 125,460.93 0.00 23,616,176.00
A-9 0.00 0.00 56,828.12 0.00 10,967,828.12
A-10 0.00 0.00 510,416.67 0.00 98,000,000.00
A-11 0.00 0.00 1,401.04 0.00 269,000.00
A-12 0.00 0.00 41,820.31 0.00 8,501,824.00
A-R 0.00 0.00 0.52 0.00 0.00
B-1 0.00 0.00 82,583.33 0.00 15,843,477.91
B-2 0.00 0.00 74,322.92 0.00 14,258,730.43
B-3 0.00 0.00 22,020.83 0.00 4,224,660.99
B-4 0.00 0.00 16,515.62 0.00 3,168,495.74
B-5 0.00 0.00 13,765.62 0.00 2,640,912.72
B-6 0.00 0.00 11,013.93 0.00 2,113,003.68
Totals 0.00 0.00 5,504,916.68 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 109,667.21 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-1 70,000,000.00 6.25000% 1000.00000000 5.20833329 0.00000000 0.00000000
A-2 366,106,000.00 6.25000% 1000.00000000 5.20833332 0.00000000 0.00000000
A-3 190,292,232.00 6.25000% 1000.00000000 5.20833336 0.00000000 0.00000000
A-4 31,310,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-5 150,000,000.00 6.25000% 1000.00000000 5.20833333 0.00000000 0.00000000
A-6 50,000,000.00 6.25000% 1000.00000000 5.20833340 0.00000000 0.00000000
A-7 15,655,000.00 6.75000% 1000.00000000 5.62500032 0.00000000 0.00000000
A-8 23,616,176.00 6.37500% 1000.00000000 5.31249979 0.00000000 0.00000000
A-9 10,911,000.00 6.25000% 1000.00000000 5.20833288 0.00000000 0.00000000
A-10 98,000,000.00 6.25000% 1000.00000000 5.20833337 0.00000000 0.00000000
A-11 269,000.00 6.25000% 1000.00000000 5.20832714 0.00000000 0.00000000
A-12 8,501,824.00 5.90278% 1000.00000000 4.91898092 0.00000000 0.00000000
A-R 100.00 6.25000% 1000.00000000 5.20000000 0.00000000 0.00000000
B-1 15,856,000.00 6.25000% 1000.00000000 5.20833312 0.00000000 0.00000000
B-2 14,270,000.00 6.25000% 1000.00000000 5.20833357 0.00000000 0.00000000
B-3 4,228,000.00 6.25000% 1000.00000000 5.20833254 0.00000000 0.00000000
B-4 3,171,000.00 6.25000% 1000.00000000 5.20833176 0.00000000 0.00000000
B-5 2,643,000.00 6.25000% 1000.00000000 5.20833144 0.00000000 0.00000000
B-6 2,114,673.73 6.25000% 1000.00000000 5.20833538 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 998.95228483
A-1 0.00000000 0.00000000 5.20833329 0.00000000 984.88394300
A-2 0.00000000 0.00000000 5.20833332 0.00000000 978.89756262
A-3 0.00000000 0.00000000 5.20833336 0.00000000 984.40482883
A-4 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.20833333 0.00000000 980.83898687
A-6 0.00000000 0.00000000 5.20833340 0.00000000 984.62476420
A-7 0.00000000 0.00000000 5.62500032 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.31249979 0.00000000 1000.00000000
A-9 0.00000000 0.00000000 5.20833288 0.00000000 1005.20833288
A-10 0.00000000 0.00000000 5.20833337 0.00000000 1000.00000000
A-11 0.00000000 0.00000000 5.20832714 0.00000000 1000.00000000
A-12 0.00000000 0.00000000 4.91898092 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.20000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.20833312 0.00000000 999.21026173
B-2 0.00000000 0.00000000 5.20833357 0.00000000 999.21026139
B-3 0.00000000 0.00000000 5.20833254 0.00000000 999.21026254
B-4 0.00000000 0.00000000 5.20833176 0.00000000 999.21026175
B-5 0.00000000 0.00000000 5.20833144 0.00000000 999.21026107
B-6 0.00000000 0.00000000 5.20833538 0.00000000 999.21025642
<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 21,164,822.65
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 21,164,822.65
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 217,592.43
Payment of Interest and Principal 20,874,489.67
Total Withdrawals (Pool Distribution Amount) 21,092,082.10
Ending Balance 72,740.55
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 17,575.59
Servicing Fee Support 17,575.59
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 220,194.78
Master Servicing Fee 14,973.24
Supported Prepayment/Curtailment Interest Shortfall 17,575.59
Net Servicing Fee 217,592.43
</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 11 3,710,184.45 0.343214% 0.356172%
60 Days 2 569,807.58 0.062402% 0.054701%
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 4,279,992.03 0.405616% 0.410873%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 1,612.68
Cumulative Realized Losses - Includes Interest Shortfall 1,612.68
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,644,639.16
</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 42,282,673.73 4.00004984% 42,249,281.47 4.05586942% 95.943704% 100.000000%
Class B-1 26,426,673.73 2.50003140% 26,405,803.56 2.53491864% 0.015211% 0.000000%
Class B-2 12,156,673.73 1.15005265% 12,147,073.13 1.16610131% 0.013690% 0.000000%
Class B-3 7,928,673.73 0.75007296% 7,922,412.14 0.76054001% 0.004056% 0.000000%
Class B-4 4,757,673.73 0.45008819% 4,753,916.40 0.45636904% 0.003042% 0.000000%
Class B-5 2,114,673.73 0.20005358% 2,113,003.68 0.20284527% 0.002536% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.002029% 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 2,670,043.47 0.25259299% 2,670,043.47 0.25632028%
Fraud 21,141,073.46 2.00000000% 21,141,073.46 2.02951223%
Special Hazard 10,570,536.73 1.00000000% 10,570,536.73 1.01475611%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.274228%
Weighted Average Pass-Through Rate 6.250000%
Weighted Average Maturity(Stepdown Calculation ) 356
Begin Scheduled Collateral Loan Count 3,237
Number Of Loans Paid In Full 32
End Scheduled Collateral Loan Count 3,205
Begining Scheduled Collateral Balance 1,057,053,672.94
Ending Scheduled Collateral Balance 1,041,682,487.28
Ending Actual Collateral Balance at 30-Nov-1998 1,033,308,268.21
Ending Scheduled Balance For Norwest 748,987,744.53
Ending Scheduled Balance For Other Services 292,694,742.75
Monthly P &I Constant 6,583,864.14
Class A Optimal Amount 20,622,372.94
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 1,034,686,110.56
Ending scheduled Balance For discounted Loans 6,996,376.72
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 916,060,526.63
Greater Than 80%, less than or equal to 85% 16,996,012.51
Greater than 85%, less than or equal to 95% 99,168,122.43
Greater than 95% 9,647,561.62
</TABLE>
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