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Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1998-29 TRUST, 8-K, 1999-01-12 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1998-32 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 1998-30 Trust
New York (governing law of 333-45021-30 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 1998-30
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
1998-30 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 1998-30 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 1998-30 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: 1998-30
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 NMB9830PO PO 0.00000% 32,801.51 0.00 37.16
A-1 66937RFE4 SEQ 5.80000% 16,657,000.00 80,508.83 0.00
A-2 66937RFF1 SEQ 6.00000% 28,665,000.00 143,325.00 0.00
A-3 66937RFG9 SEQ 6.25000% 28,038,000.00 146,031.25 0.00
A-4 66937RFH7 SEQ 6.25000% 23,454,000.00 122,156.25 0.00
A-5 66937RFJ3 SEQ 6.25000% 27,241,000.00 141,880.21 0.00
A-6 66937RFK0 IO 6.25000% 0.00 12,218.25 0.00
A-7 66937RFL8 PAC 6.25000% 10,540,000.00 54,895.83 0.00
A-8 66937RFM6 PAC 6.50000% 10,379,807.00 56,223.95 0.00
A-9 66937RFN4 PAC 5.00000% 6,278,608.00 26,160.87 0.00
A-10 66937RFP9 PAC 7.00000% 8,314,463.00 48,501.03 0.00
A-11 66937RFQ7 PAC 7.50000% 1,289,929.00 8,062.06 0.00
A-12 66937RFR5 PAC 0.00000% 415,193.00 0.00 0.00
A-13 66937RFS3 PAC 6.00000% 81,112,000.00 405,560.00 437,616.77
A-14 66937RFT1 PAC 6.75000% 40,556,000.00 228,127.50 218,808.38
A-15 66937RFU8 SEQ 6.22500% 45,070,920.00 233,805.40 2,550,071.55
A-16 66937RFV6 SEQ 6.31944% 16,225,531.00 85,446.95 918,025.75
A-17 66937RFW4 SEQ 6.25000% 40,031,449.00 208,497.13 0.00
A-R 66937RFY0 SEQ 6.25000% 50.00 0.26 50.00
A-LR 66937RFX2 SEQ 6.25000% 50.00 0.26 50.00
B-1 66937RFZ7 SUB 6.25000% 6,004,000.00 31,270.83 4,756.86
B-2 66937RGA1 SUB 6.25000% 5,405,000.00 28,151.04 4,282.28
B-3 66937RGB9 SUB 6.25000% 1,801,000.00 9,380.21 1,426.90
B-4 66937RGJ2 SUB 6.25000% 1,201,000.00 6,255.21 951.53
B-5 66937RGK9 SUB 6.25000% 600,000.00 3,125.00 475.37
B-6 66937RGL7 SUB 6.25000% 1,001,687.30 5,217.12 392.62
Totals 400,314,488.81 2,084,800.44 4,136,945.17
</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 32,764.35 37.16 0.00
A-1 0.00 16,657,000.00 80,508.83 0.00
A-2 0.00 28,665,000.00 143,325.00 0.00
A-3 0.00 28,038,000.00 146,031.25 0.00
A-4 0.00 23,454,000.00 122,156.25 0.00
A-5 0.00 27,241,000.00 141,880.21 0.00
A-6 0.00 0.00 12,218.25 0.00
A-7 0.00 10,540,000.00 54,895.83 0.00
A-8 0.00 10,379,807.00 56,223.95 0.00
A-9 0.00 6,278,608.00 26,160.87 0.00
A-10 0.00 8,314,463.00 48,501.03 0.00
A-11 0.00 1,289,929.00 8,062.06 0.00
A-12 0.00 415,193.00 0.00 0.00
A-13 0.00 80,674,383.23 843,176.77 0.00
A-14 0.00 40,337,191.62 446,935.88 0.00
A-15 0.00 42,520,848.45 2,783,876.95 0.00
A-16 0.00 15,307,505.25 1,003,472.70 0.00
A-17 0.00 40,031,449.00 208,497.13 0.00
A-R 0.00 0.00 50.26 0.00
A-LR 0.00 0.00 50.26 0.00
B-1 0.00 5,999,243.14 36,027.69 0.00
B-2 0.00 5,400,717.72 32,433.32 0.00
B-3 0.00 1,799,573.10 10,807.11 0.00
B-4 0.00 1,200,048.47 7,206.74 0.00
B-5 0.00 599,524.63 3,600.37 0.00
B-6 401.00 1,000,893.68 5,609.74 401.00
Totals 401.00 396,177,142.64 6,221,745.61 401.00
<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 32,801.51 32,801.51 30.35 6.82 0.00 0.00
A-1 16,657,000.00 16,657,000.00 0.00 0.00 0.00 0.00
A-2 28,665,000.00 28,665,000.00 0.00 0.00 0.00 0.00
A-3 28,038,000.00 28,038,000.00 0.00 0.00 0.00 0.00
A-4 23,454,000.00 23,454,000.00 0.00 0.00 0.00 0.00
A-5 27,241,000.00 27,241,000.00 0.00 0.00 0.00 0.00
A-6 0.00 0.00 0.00 0.00 0.00 0.00
A-7 10,540,000.00 10,540,000.00 0.00 0.00 0.00 0.00
A-8 10,379,807.00 10,379,807.00 0.00 0.00 0.00 0.00
A-9 6,278,608.00 6,278,608.00 0.00 0.00 0.00 0.00
A-10 8,314,463.00 8,314,463.00 0.00 0.00 0.00 0.00
A-11 1,289,929.00 1,289,929.00 0.00 0.00 0.00 0.00
A-12 415,193.00 415,193.00 0.00 0.00 0.00 0.00
A-13 81,112,000.00 81,112,000.00 32,301.64 405,315.13 0.00 0.00
A-14 40,556,000.00 40,556,000.00 16,150.82 202,657.57 0.00 0.00
A-15 45,070,920.00 45,070,920.00 188,227.44 2,361,844.11 0.00 0.00
A-16 16,225,531.00 16,225,531.00 67,761.88 850,263.87 0.00 0.00
A-17 40,031,449.00 40,031,449.00 0.00 0.00 0.00 0.00
A-R 50.00 50.00 3.69 46.31 0.00 0.00
A-LR 50.00 50.00 3.69 46.31 0.00 0.00
B-1 6,004,000.00 6,004,000.00 4,756.86 0.00 0.00 0.00
B-2 5,405,000.00 5,405,000.00 4,282.28 0.00 0.00 0.00
B-3 1,801,000.00 1,801,000.00 1,426.90 0.00 0.00 0.00
B-4 1,201,000.00 1,201,000.00 951.53 0.00 0.00 0.00
B-5 600,000.00 600,000.00 475.37 0.00 0.00 0.00
B-6 1,001,687.30 1,001,687.30 392.62 0.00 0.00 401.00
Totals 400,314,488.81 400,314,488.81 316,765.07 3,820,180.12 0.00 401.00
<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 37.16 32,764.35 0.99886713 37.16
A-1 0.00 16,657,000.00 1.00000000 0.00
A-2 0.00 28,665,000.00 1.00000000 0.00
A-3 0.00 28,038,000.00 1.00000000 0.00
A-4 0.00 23,454,000.00 1.00000000 0.00
A-5 0.00 27,241,000.00 1.00000000 0.00
A-6 0.00 0.00 0.00000000 0.00
A-7 0.00 10,540,000.00 1.00000000 0.00
A-8 0.00 10,379,807.00 1.00000000 0.00
A-9 0.00 6,278,608.00 1.00000000 0.00
A-10 0.00 8,314,463.00 1.00000000 0.00
A-11 0.00 1,289,929.00 1.00000000 0.00
A-12 0.00 415,193.00 1.00000000 0.00
A-13 437,616.77 80,674,383.23 0.99460478 437,616.77
A-14 218,808.38 40,337,191.62 0.99460478 218,808.38
A-15 2,550,071.55 42,520,848.45 0.94342091 2,550,071.55
A-16 918,025.75 15,307,505.25 0.94342091 918,025.75
A-17 0.00 40,031,449.00 1.00000000 0.00
A-R 50.00 0.00 0.00000000 50.00
A-LR 50.00 0.00 0.00000000 50.00
B-1 4,756.86 5,999,243.14 0.99920772 4,756.86
B-2 4,282.28 5,400,717.72 0.99920772 4,282.28
B-3 1,426.90 1,799,573.10 0.99920772 1,426.90
B-4 951.53 1,200,048.47 0.99920772 951.53
B-5 475.37 599,524.63 0.99920772 475.37
B-6 793.62 1,000,893.68 0.99920772 392.62
Totals 4,137,346.17 396,177,142.64 0.98966476 4,136,945.17
</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 32,801.51 1000.00000000 0.92526228 0.20791726 0.00000000
A-1 16,657,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 28,665,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 28,038,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 23,454,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 27,241,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-7 10,540,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 10,379,807.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-9 6,278,608.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-10 8,314,463.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-11 1,289,929.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-12 415,193.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-13 81,112,000.00 1000.00000000 0.39823503 4.99698109 0.00000000
A-14 40,556,000.00 1000.00000000 0.39823503 4.99698121 0.00000000
A-15 45,070,920.00 1000.00000000 4.17625023 52.40283779 0.00000000
A-16 16,225,531.00 1000.00000000 4.17625038 52.40283785 0.00000000
A-17 40,031,449.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 50.00 1000.00000000 73.80000000 926.20000000 0.00000000
A-LR 50.00 1000.00000000 73.80000000 926.20000000 0.00000000
B-1 6,004,000.00 1000.00000000 0.79228181 0.00000000 0.00000000
B-2 5,405,000.00 1000.00000000 0.79228122 0.00000000 0.00000000
B-3 1,801,000.00 1000.00000000 0.79228207 0.00000000 0.00000000
B-4 1,201,000.00 1000.00000000 0.79228143 0.00000000 0.00000000
B-5 600,000.00 1000.00000000 0.79228333 0.00000000 0.00000000
B-6 1,001,687.30 1000.00000000 0.39195865 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 1.13287468 998.86712532 0.99886713 1.13287468
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 0.00000000 1,000.00000000 1.00000000 0.00000000
A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
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-13 0.00000000 5.39521612 994.60478388 0.99460478 5.39521612
A-14 0.00000000 5.39521600 994.60478400 0.99460478 5.39521600
A-15 0.00000000 56.57908802 943.42091198 0.94342091 56.57908802
A-16 0.00000000 56.57908823 943.42091177 0.94342091 56.57908823
A-17 0.00000000 0.00000000 1,000.00000000 1.00000000 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 0.79228181 999.20771819 0.99920772 0.79228181
B-2 0.00000000 0.79228122 999.20771878 0.99920772 0.79228122
B-3 0.00000000 0.79228207 999.20771793 0.99920772 0.79228207
B-4 0.00000000 0.79228143 999.20771857 0.99920772 0.79228143
B-5 0.00000000 0.79228333 999.20771667 0.99920772 0.79228333
B-6 0.40032453 0.79228318 999.20771682 0.99920772 0.39195865
<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 32,801.51 0.00000% 32,801.51 0.00 0.00 0.00
A-1 16,657,000.00 5.80000% 16,657,000.00 80,508.83 0.00 0.00
A-2 28,665,000.00 6.00000% 28,665,000.00 143,325.00 0.00 0.00
A-3 28,038,000.00 6.25000% 28,038,000.00 146,031.25 0.00 0.00
A-4 23,454,000.00 6.25000% 23,454,000.00 122,156.25 0.00 0.00
A-5 27,241,000.00 6.25000% 27,241,000.00 141,880.21 0.00 0.00
A-6 0.00 6.25000% 2,345,904.00 12,218.25 0.00 0.00
A-7 10,540,000.00 6.25000% 10,540,000.00 54,895.83 0.00 0.00
A-8 10,379,807.00 6.50000% 10,379,807.00 56,223.95 0.00 0.00
A-9 6,278,608.00 5.00000% 6,278,608.00 26,160.87 0.00 0.00
A-10 8,314,463.00 7.00000% 8,314,463.00 48,501.03 0.00 0.00
A-11 1,289,929.00 7.50000% 1,289,929.00 8,062.06 0.00 0.00
A-12 415,193.00 0.00000% 415,193.00 0.00 0.00 0.00
A-13 81,112,000.00 6.00000% 81,112,000.00 405,560.00 0.00 0.00
A-14 40,556,000.00 6.75000% 40,556,000.00 228,127.50 0.00 0.00
A-15 45,070,920.00 6.22500% 45,070,920.00 233,805.40 0.00 0.00
A-16 16,225,531.00 6.31944% 16,225,531.00 85,446.95 0.00 0.00
A-17 40,031,449.00 6.25000% 40,031,449.00 208,497.13 0.00 0.00
A-R 50.00 6.25000% 50.00 0.26 0.00 0.00
A-LR 50.00 6.25000% 50.00 0.26 0.00 0.00
B-1 6,004,000.00 6.25000% 6,004,000.00 31,270.83 0.00 0.00
B-2 5,405,000.00 6.25000% 5,405,000.00 28,151.04 0.00 0.00
B-3 1,801,000.00 6.25000% 1,801,000.00 9,380.21 0.00 0.00
B-4 1,201,000.00 6.25000% 1,201,000.00 6,255.21 0.00 0.00
B-5 600,000.00 6.25000% 600,000.00 3,125.00 0.00 0.00
B-6 1,001,687.30 6.25000% 1,001,687.30 5,217.12 0.00 0.00
Totals 400,314,488.81 2,084,800.44 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 32,764.35
A-1 0.00 0.00 80,508.83 0.00 16,657,000.00
A-2 0.00 0.00 143,325.00 0.00 28,665,000.00
A-3 0.00 0.00 146,031.25 0.00 28,038,000.00
A-4 0.00 0.00 122,156.25 0.00 23,454,000.00
A-5 0.00 0.00 141,880.21 0.00 27,241,000.00
A-6 0.00 0.00 12,218.25 0.00 2,345,904.00
A-7 0.00 0.00 54,895.83 0.00 10,540,000.00
A-8 0.00 0.00 56,223.95 0.00 10,379,807.00
A-9 0.00 0.00 26,160.87 0.00 6,278,608.00
A-10 0.00 0.00 48,501.03 0.00 8,314,463.00
A-11 0.00 0.00 8,062.06 0.00 1,289,929.00
A-12 0.00 0.00 0.00 0.00 415,193.00
A-13 0.00 0.00 405,560.00 0.00 80,674,383.23
A-14 0.00 0.00 228,127.50 0.00 40,337,191.62
A-15 0.00 0.00 233,805.40 0.00 42,520,848.45
A-16 0.00 0.00 85,446.95 0.00 15,307,505.25
A-17 0.00 0.00 208,497.13 0.00 40,031,449.00
A-R 0.00 0.00 0.26 0.00 0.00
A-LR 0.00 0.00 0.26 0.00 0.00
B-1 0.00 0.00 31,270.83 0.00 5,999,243.14
B-2 0.00 0.00 28,151.04 0.00 5,400,717.72
B-3 0.00 0.00 9,380.21 0.00 1,799,573.10
B-4 0.00 0.00 6,255.21 0.00 1,200,048.47
B-5 0.00 0.00 3,125.00 0.00 599,524.63
B-6 0.00 0.00 5,217.12 0.00 1,000,893.68
Totals 0.00 0.00 2,084,800.44 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 32,801.51 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-1 16,657,000.00 5.80000% 1000.00000000 4.83333313 0.00000000 0.00000000
A-2 28,665,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-3 28,038,000.00 6.25000% 1000.00000000 5.20833333 0.00000000 0.00000000
A-4 23,454,000.00 6.25000% 1000.00000000 5.20833333 0.00000000 0.00000000
A-5 27,241,000.00 6.25000% 1000.00000000 5.20833339 0.00000000 0.00000000
A-6 0.00 6.25000% 1000.00000000 5.20833333 0.00000000 0.00000000
A-7 10,540,000.00 6.25000% 1000.00000000 5.20833302 0.00000000 0.00000000
A-8 10,379,807.00 6.50000% 1000.00000000 5.41666623 0.00000000 0.00000000
A-9 6,278,608.00 5.00000% 1000.00000000 4.16666720 0.00000000 0.00000000
A-10 8,314,463.00 7.00000% 1000.00000000 5.83333283 0.00000000 0.00000000
A-11 1,289,929.00 7.50000% 1000.00000000 6.25000291 0.00000000 0.00000000
A-12 415,193.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-13 81,112,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-14 40,556,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-15 45,070,920.00 6.22500% 1000.00000000 5.18750006 0.00000000 0.00000000
A-16 16,225,531.00 6.31944% 1000.00000000 5.26620361 0.00000000 0.00000000
A-17 40,031,449.00 6.25000% 1000.00000000 5.20833333 0.00000000 0.00000000
A-R 50.00 6.25000% 1000.00000000 5.20000000 0.00000000 0.00000000
A-LR 50.00 6.25000% 1000.00000000 5.20000000 0.00000000 0.00000000
B-1 6,004,000.00 6.25000% 1000.00000000 5.20833278 0.00000000 0.00000000
B-2 5,405,000.00 6.25000% 1000.00000000 5.20833302 0.00000000 0.00000000
B-3 1,801,000.00 6.25000% 1000.00000000 5.20833426 0.00000000 0.00000000
B-4 1,201,000.00 6.25000% 1000.00000000 5.20833472 0.00000000 0.00000000
B-5 600,000.00 6.25000% 1000.00000000 5.20833333 0.00000000 0.00000000
B-6 1,001,687.30 6.25000% 1000.00000000 5.20833198 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 998.86712532
A-1 0.00000000 0.00000000 4.83333313 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.20833333 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.20833333 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.20833339 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.20833333 0.00000000 1000.00000000
A-7 0.00000000 0.00000000 5.20833302 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.41666623 0.00000000 1000.00000000
A-9 0.00000000 0.00000000 4.16666720 0.00000000 1000.00000000
A-10 0.00000000 0.00000000 5.83333283 0.00000000 1000.00000000
A-11 0.00000000 0.00000000 6.25000291 0.00000000 1000.00000000
A-12 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 5.00000000 0.00000000 994.60478388
A-14 0.00000000 0.00000000 5.62500000 0.00000000 994.60478400
A-15 0.00000000 0.00000000 5.18750006 0.00000000 943.42091198
A-16 0.00000000 0.00000000 5.26620361 0.00000000 943.42091177
A-17 0.00000000 0.00000000 5.20833333 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.20000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 5.20000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.20833278 0.00000000 999.20771819
B-2 0.00000000 0.00000000 5.20833302 0.00000000 999.20771878
B-3 0.00000000 0.00000000 5.20833426 0.00000000 999.20771793
B-4 0.00000000 0.00000000 5.20833472 0.00000000 999.20771857
B-5 0.00000000 0.00000000 5.20833333 0.00000000 999.20771667
B-6 0.00000000 0.00000000 5.20833198 0.00000000 999.20771682
<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 6,398,242.07
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 6,398,242.07
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 85,789.13
Payment of Interest and Principal 6,221,745.61
Total Withdrawals (Pool Distribution Amount) 6,307,534.74
Ending Balance 90,707.33
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 3,275.80
Servicing Fee Support 3,275.80
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 83,394.14
Certificate Administration Fee 0.00
Master Servicing Fee 5,670.80
Supported Prepayment/Curtailment Interest Shortfall 3,275.80
Net Servicing Fee 85,789.14
</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 3 751,681.88 0.251046% 0.189734%
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 3 751,681.88 0.251046% 0.189734%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 401.00
Cumulative Realized Losses - Includes Interest Shortfall 401.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 441,809.19
</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 16,012,687.30 4.00002692% 16,000,000.74 4.03859764% 95.961068% 100.000000%
Class B-1 10,008,687.30 2.50020611% 10,000,757.60 2.52431464% 1.514408% 0.000000%
Class B-2 4,603,687.30 1.15001766% 4,600,039.88 1.16110683% 1.363321% 0.000000%
Class B-3 2,802,687.30 0.70012137% 2,800,466.78 0.70687238% 0.454272% 0.000000%
Class B-4 1,601,687.30 0.40010725% 1,600,418.31 0.40396533% 0.302932% 0.000000%
Class B-5 1,001,687.30 0.25022509% 1,000,893.68 0.25263792% 0.151340% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.252659% 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 117,191.07 0.02927475% 117,191.07 0.02958047%
Fraud 8,006,289.78 2.00000000% 8,006,289.78 2.02088635%
Special Hazard 4,003,144.89 1.00000000% 4,003,144.89 1.01044317%
<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 7.257372%
Weighted Average Pass-Through Rate 6.250000%
Weighted Average Maturity(Stepdown Calculation ) 356
Begin Scheduled Collateral Loan Count 1,204
Number Of Loans Paid In Full 9
End Scheduled Collateral Loan Count 1,195
Begining Scheduled Collateral Balance 400,314,488.81
Ending Scheduled Collateral Balance 396,177,142.65
Ending Actual Collateral Balance at 30-Nov-1998 395,384,938.75
Ending Scheduled Balance For Norwest 327,702,285.85
Ending Scheduled Balance For Other Services 68,474,856.80
Monthly P &I Constant 2,493,800.42
Class A Optimal Amount 6,126,023.49
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 393,973,036.18
Ending scheduled Balance For discounted Loans 2,204,106.47
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 345,230,011.29
Greater Than 80%, less than or equal to 85% 7,832,909.94
Greater than 85%, less than or equal to 95% 37,525,495.52
Greater than 95% 5,625,997.44
</TABLE>
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