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Previous: BRADEN TECHNOLOGIES INC, 10SB12G/A, 1999-11-04 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999 2 TRUST, 8-K, 1999-11-04 |
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): October 25, 1999
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-1 Trust
New York (governing law of 333-65481-04 52-2159820
Pooling and Servicing Agreement) (Commission 52-2159830
(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 October 25, 1999 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-1
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
1999-1 Trust, relating to the October 25,
1999 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 1999-1 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 11/2/99
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1999-1 Trust, relating to the October 25,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 9/30/99
Distribution Date: 10/25/99
NASCOR Series: 1999-1
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 NMB9901PO PO 0.00000% 237,452.27 0.00 1,021.46
A-1 66937RKX6 PAC 5.75000% 107,988,000.00 517,442.50 0.00
A-2 66937RKY4 PAC 5.90000% 104,531,000.00 513,944.08 0.00
A-3 66937RKZ1 SEQ 6.10000% 44,960,872.26 228,551.10 587,969.70
A-4 66937RLA5 SEQ 6.10000% 97,553,449.44 495,896.70 1,300,588.98
A-5 66937RLB3 SEQ 6.10000% 1,900,000.00 9,658.33 0.00
A-6 66937RLC1 COMP 6.50000% 82,709,934.06 615,908.25 -390,595.48
A-7 66937RLD9 SEQ 6.50000% 0.00 0.00 0.00
A-8 66937RLE7 SEQ 6.50000% 4,666,360.02 25,276.12 -25,276.12
A-9 66937RLF4 SEQ 6.50000% 4,672,172.79 25,307.60 15,486.16
A-R 66937RLG2 R 6.50000% 100.00 0.54 0.00
A-LR 66937RLH0 R 6.50000% 100.00 0.54 0.00
B-1 66937RLJ6 SUB 6.50000% 6,956,720.18 37,682.23 6,034.12
B-2 66937RLK3 SUB 6.50000% 6,708,372.33 36,337.02 5,818.70
B-3 66937RLL1 SUB 6.50000% 2,236,124.11 12,112.34 1,939.57
B-4 66937RLR8 SUB 6.50000% 1,490,087.14 8,071.31 1,292.47
B-5 66937RLS6 SUB 6.50000% 993,391.43 5,380.87 861.65
B-6 66937RLT4 SUB 6.50000% 996,055.63 5,395.30 771.53
Totals 468,600,191.66 2,536,964.83 1,505,912.74
</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 0.00 236,430.81 1,021.46 0.00
A-1 0.00 107,988,000.00 517,442.50 0.00
A-2 0.00 104,531,000.00 513,944.08 0.00
A-3 0.00 44,372,902.56 816,520.80 0.00
A-4 0.00 96,252,860.46 1,796,485.68 0.00
A-5 0.00 1,900,000.00 9,658.33 0.00
A-6 0.00 83,100,529.53 225,312.77 0.00
A-7 0.00 0.00 0.00 0.00
A-8 0.00 4,691,636.14 0.00 0.00
A-9 0.00 4,656,686.63 40,793.76 0.00
A-R 0.00 100.00 0.54 0.00
A-LR 0.00 100.00 0.54 0.00
B-1 0.00 6,950,686.07 43,716.35 0.00
B-2 0.00 6,702,553.62 42,155.72 0.00
B-3 0.00 2,234,184.54 14,051.91 0.00
B-4 0.00 1,488,794.67 9,363.78 0.00
B-5 0.00 992,529.78 6,242.52 0.00
B-6 92.43 995,191.67 6,166.83 981.82
Totals 92.43 467,094,186.48 4,042,877.57 981.82
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</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 239,302.50 237,452.27 227.78 793.69 0.00 0.00
A-1 107,988,000.00 107,988,000.00 0.00 0.00 0.00 0.00
A-2 104,531,000.00 104,531,000.00 0.00 0.00 0.00 0.00
A-3 50,000,000.00 44,960,872.26 153,864.88 434,104.82 0.00 0.00
A-4 108,700,000.00 97,553,449.44 340,349.11 960,239.86 0.00 0.00
A-5 1,900,000.00 1,900,000.00 0.00 0.00 0.00 0.00
A-6 80,000,000.00 82,709,934.06 0.00 0.00 -390,595.48 0.00
A-7 11,930,000.00 0.00 0.00 0.00 0.00 0.00
A-8 10,436,000.00 4,666,360.02 0.00 0.00 -25,276.12 0.00
A-9 5,000,000.00 4,672,172.79 4,052.55 11,433.61 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 7,003,000.00 6,956,720.18 6,034.12 0.00 0.00 0.00
B-2 6,753,000.00 6,708,372.33 5,818.70 0.00 0.00 0.00
B-3 2,251,000.00 2,236,124.11 1,939.57 0.00 0.00 0.00
B-4 1,500,000.00 1,490,087.14 1,292.47 0.00 0.00 0.00
B-5 1,000,000.00 993,391.43 861.65 0.00 0.00 0.00
B-6 1,002,681.91 996,055.63 771.53 0.00 0.00 92.43
Totals 500,234,184.41 468,600,191.66 515,212.36 1,406,571.98 (415,871.60) 92.43
<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 1,021.46 236,430.81 0.98799975 1,021.46
A-1 0.00 107,988,000.00 1.00000000 0.00
A-2 0.00 104,531,000.00 1.00000000 0.00
A-3 587,969.70 44,372,902.56 0.88745805 587,969.70
A-4 1,300,588.98 96,252,860.46 0.88549090 1,300,588.98
A-5 0.00 1,900,000.00 1.00000000 0.00
A-6 (390,595.48) 83,100,529.53 1.03875662 (390,595.48)
A-7 0.00 0.00 0.00000000 0.00
A-8 (25,276.12) 4,691,636.14 0.44956268 (25,276.12)
A-9 15,486.16 4,656,686.63 0.93133733 15,486.16
A-R 0.00 100.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
B-1 6,034.12 6,950,686.07 0.99252978 6,034.12
B-2 5,818.70 6,702,553.62 0.99252978 5,818.70
B-3 1,939.57 2,234,184.54 0.99252978 1,939.57
B-4 1,292.47 1,488,794.67 0.99252978 1,292.47
B-5 861.65 992,529.78 0.99252978 861.65
B-6 863.96 995,191.67 0.99252979 771.53
Totals 1,506,005.17 467,094,186.48 0.93375103 1,505,912.74
</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 239,302.50 992.26823790 0.95184965 3.31668077 0.00000000
A-1 107,988,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 104,531,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 50,000,000.00 899.21744520 3.07729760 8.68209640 0.00000000
A-4 108,700,000.00 897.45583661 3.13108657 8.83385336 0.00000000
A-5 1,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 80,000,000.00 1033.87417575 0.00000000 0.00000000 -4.88244350
A-7 11,930,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-8 10,436,000.00 447.14066884 0.00000000 0.00000000 -2.42201227
A-9 5,000,000.00 934.43455800 0.81051000 2.28672200 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 7,003,000.00 993.39142939 0.86164787 0.00000000 0.00000000
B-2 6,753,000.00 993.39143048 0.86164668 0.00000000 0.00000000
B-3 2,251,000.00 993.39143048 0.86164816 0.00000000 0.00000000
B-4 1,500,000.00 993.39142667 0.86164667 0.00000000 0.00000000
B-5 1,000,000.00 993.39143000 0.86165000 0.00000000 0.00000000
B-6 1,002,681.91 993.39144355 0.76946636 0.00000000 0.00000000
<FN>
(2) Per $1,000 denominations.
</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 4.26848863 987.99974927 0.98799975 4.26848863
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 11.75939400 887.45805120 0.88745805 11.75939400
A-4 0.00000000 11.96494002 885.49089660 0.88549090 11.96494002
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 -4.88244350 1,038.75661912 1.03875662 -4.88244350
A-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-8 0.00000000 -2.42201227 449.56268110 0.44956268 -2.42201227
A-9 0.00000000 3.09723200 931.33732600 0.93133733 3.09723200
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 0.86164787 992.52978295 0.99252978 0.86164787
B-2 0.00000000 0.86164668 992.52978232 0.99252978 0.86164668
B-3 0.00000000 0.86164816 992.52978232 0.99252978 0.86164816
B-4 0.00000000 0.86164667 992.52978000 0.99252978 0.86164667
B-5 0.00000000 0.86165000 992.52978000 0.99252978 0.86165000
B-6 0.09218277 0.86164913 992.52979442 0.99252979 0.76946636
<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 239,302.50 0.00000% 237,452.27 0.00 0.00 0.00
A-1 107,988,000.00 5.75000% 107,988,000.00 517,442.50 0.00 0.00
A-2 104,531,000.00 5.90000% 104,531,000.00 513,944.08 0.00 0.00
A-3 50,000,000.00 6.10000% 44,960,872.26 228,551.10 0.00 0.00
A-4 108,700,000.00 6.10000% 97,553,449.44 495,896.70 0.00 0.00
A-5 1,900,000.00 6.10000% 1,900,000.00 9,658.33 0.00 0.00
A-6 80,000,000.00 6.50000% 113,706,138.47 615,908.25 0.00 0.00
A-7 11,930,000.00 6.50000% 0.00 0.00 0.00 0.00
A-8 10,436,000.00 6.50000% 4,666,360.02 25,276.12 0.00 0.00
A-9 5,000,000.00 6.50000% 4,672,172.79 25,307.60 0.00 0.00
A-R 100.00 6.50000% 100.00 0.54 0.00 0.00
A-LR 100.00 6.50000% 100.00 0.54 0.00 0.00
B-1 7,003,000.00 6.50000% 6,956,720.18 37,682.23 0.00 0.00
B-2 6,753,000.00 6.50000% 6,708,372.33 36,337.02 0.00 0.00
B-3 2,251,000.00 6.50000% 2,236,124.11 12,112.34 0.00 0.00
B-4 1,500,000.00 6.50000% 1,490,087.14 8,071.31 0.00 0.00
B-5 1,000,000.00 6.50000% 993,391.43 5,380.87 0.00 0.00
B-6 1,002,681.91 6.50000% 996,055.63 5,395.30 0.00 0.00
Totals 500,234,184.41 2,536,964.83 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 0.00 236,430.81
A-1 0.00 0.00 517,442.50 0.00 107,988,000.00
A-2 0.00 0.00 513,944.08 0.00 104,531,000.00
A-3 0.00 0.00 228,551.10 0.00 44,372,902.56
A-4 0.00 0.00 495,896.70 0.00 96,252,860.46
A-5 0.00 0.00 9,658.33 0.00 1,900,000.00
A-6 0.00 0.00 615,908.25 0.00 113,980,514.95
A-7 0.00 0.00 0.00 0.00 0.00
A-8 0.00 0.00 25,276.12 0.00 4,691,636.14
A-9 0.00 0.00 25,307.60 0.00 4,656,686.63
A-R 0.00 0.00 0.54 0.00 100.00
A-LR 0.00 0.00 0.54 0.00 100.00
B-1 0.00 0.00 37,682.23 0.00 6,950,686.07
B-2 0.00 0.00 36,337.02 0.00 6,702,553.62
B-3 0.00 0.00 12,112.34 0.00 2,234,184.54
B-4 0.00 0.00 8,071.31 0.00 1,488,794.67
B-5 0.00 0.00 5,380.87 0.00 992,529.78
B-6 0.00 0.00 5,395.30 0.00 995,191.67
Totals 0.00 0.00 2,536,964.83 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 239,302.50 0.00000% 992.26823790 0.00000000 0.00000000 0.00000000
A-1 107,988,000.00 5.75000% 1000.00000000 4.79166667 0.00000000 0.00000000
A-2 104,531,000.00 5.90000% 1000.00000000 4.91666663 0.00000000 0.00000000
A-3 50,000,000.00 6.10000% 899.21744520 4.57102200 0.00000000 0.00000000
A-4 108,700,000.00 6.10000% 897.45583661 4.56206716 0.00000000 0.00000000
A-5 1,900,000.00 6.10000% 1000.00000000 5.08333158 0.00000000 0.00000000
A-6 80,000,000.00 6.50000% 1421.32673087 7.69885312 0.00000000 0.00000000
A-7 11,930,000.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
A-8 10,436,000.00 6.50000% 447.14066884 2.42201227 0.00000000 0.00000000
A-9 5,000,000.00 6.50000% 934.43455800 5.06152000 0.00000000 0.00000000
A-R 100.00 6.50000% 1000.00000000 5.40000000 0.00000000 0.00000000
A-LR 100.00 6.50000% 1000.00000000 5.40000000 0.00000000 0.00000000
B-1 7,003,000.00 6.50000% 993.39142939 5.38086963 0.00000000 0.00000000
B-2 6,753,000.00 6.50000% 993.39143048 5.38087072 0.00000000 0.00000000
B-3 2,251,000.00 6.50000% 993.39143048 5.38087072 0.00000000 0.00000000
B-4 1,500,000.00 6.50000% 993.39142667 5.38087333 0.00000000 0.00000000
B-5 1,000,000.00 6.50000% 993.39143000 5.38087000 0.00000000 0.00000000
B-6 1,002,681.91 6.50000% 993.39144355 5.38086899 0.00000000 0.00000000
<FN>
(5) Per $1,000 denominations.
</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 987.99974927
A-1 0.00000000 0.00000000 4.79166667 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 4.91666663 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 4.57102200 0.00000000 887.45805120
A-4 0.00000000 0.00000000 4.56206716 0.00000000 885.49089660
A-5 0.00000000 0.00000000 5.08333158 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 7.69885312 0.00000000 1424.75643688
A-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-8 0.00000000 0.00000000 2.42201227 0.00000000 449.56268110
A-9 0.00000000 0.00000000 5.06152000 0.00000000 931.33732600
A-R 0.00000000 0.00000000 5.40000000 0.00000000 1000.00000000
A-LR 0.00000000 0.00000000 5.40000000 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 5.38086963 0.00000000 992.52978295
B-2 0.00000000 0.00000000 5.38087072 0.00000000 992.52978232
B-3 0.00000000 0.00000000 5.38087072 0.00000000 992.52978232
B-4 0.00000000 0.00000000 5.38087333 0.00000000 992.52978000
B-5 0.00000000 0.00000000 5.38087000 0.00000000 992.52978000
B-6 0.00000000 0.00000000 5.38086899 0.00000000 992.52979442
<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-6 IO 6.50000% 22,109,169.23 22,109,169.23 0.00 0.00 100.00000000%
A-6 IO 6.50000% 8,887,035.18 8,770,816.19 0.00 0.00 88.74580519%
A-6 PAC 6.50000% 0.00 0.00 10,600,000.00 10,600,000.00 100.00000000%
A-6 SCH 6.50000% 0.00 0.00 72,109,934.06 72,500,529.53 104.46762180%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 58,491.55
Deposits
Payments of Interest and Principal 3,919,991.09
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 167,737.96
Realized Losses 0.00
Total Deposits 4,087,729.05
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 103,343.02
Payment of Interest and Principal 4,042,877.58
Total Withdrawals (Pool Distribution Amount) 4,146,220.60
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 973.17
Servicing Fee Support 973.17
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 97,677.74
Master Servicing Fee 6,638.45
Supported Prepayment/Curtailment Interest Shortfall 973.17
Net Servicing Fee 103,343.02
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
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 1,723,665.35 0.503597% 0.369019%
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 7 1,723,665.35 0.503597% 0.369019%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 92.43
Cumulative Realized Losses - Includes Interest Shortfall 981.82
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 968,676.71
</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 19,509,681.91 3.90010969% 19,363,940.35 4.14561793% 95.852283% 100.000000%
Class B-1 12,506,681.91 2.50016538% 12,413,254.28 2.65754844% 1.488823% 0.000000%
Class B-2 5,753,681.91 1.15019767% 5,710,700.66 1.22260153% 1.435674% 0.000000%
Class B-3 3,502,681.91 0.70020843% 3,476,516.12 0.74428589% 0.478558% 0.000000%
Class B-4 2,002,681.91 0.40034887% 1,987,721.45 0.42555046% 0.318897% 0.000000%
Class B-5 1,002,681.91 0.20044250% 995,191.67 0.21306017% 0.212598% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.213168% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
<S> <C> Original $<C> Original % Current $<C><C> Current %
Bankruptcy 132,416.57 0.02647092% 132,416.57 0.02834901%
Fraud 10,004,683.69 2.00000000% 10,004,683.69 2.14189857%
Special Hazard 5,477,967.00 1.09508050% 5,477,967.00 1.17277568%
<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 7.228347%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 348
Beginning Scheduled Collateral Loan Count 1,393
Number Of Loans Paid In Full 3
Ending Scheduled Collateral Loan Count 1,390
Beginning Scheduled Collateral Balance 468,600,191.66
Ending Scheduled Collateral Balance 467,094,186.49
Ending Actual Collateral Balance at 30-Sep-1999 467,884,244.76
Ending Scheduled Balance For Norwest 339,280,644.80
Ending Scheduled Balance For Other Services 127,813,541.69
Monthly P &I Constant 3,048,537.42
Class A Optimal Amount 3,920,158.99
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 452,354,688.01
Ending scheduled Balance For discounted Loans 14,739,498.48
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 415,233,086.30
Greater Than 80%, less than or equal to 85% 10,039,668.15
Greater than 85%, less than or equal to 95% 39,731,827.76
Greater than 95% 2,203,574.76
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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