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Previous: VOICESTREAM WIRELESS CORP, 8-K, 1999-05-10 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999 2 TRUST, 8-K, 1999-05-10 |
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): April 26, 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 April 26, 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 April 26,
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: 05/06/1999
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 April 26,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 03/31/1999
Distribution Date: 04/26/1999
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% 238,842.94 0.00 228.47
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% 49,010,431.99 249,136.36 589,625.35
A-4 66937RLA5 SEQ 6.10000% 106,511,075.57 541,431.30 1,304,251.28
A-5 66937RLB3 SEQ 6.10000% 1,900,000.00 9,658.33 0.00
A-6 66937RLC1 COMP 6.50000% 80,694,324.00 609,326.09 -337,720.45
A-7 66937RLD9 SEQ 6.50000% 3,997,066.13 21,650.77 2,132,950.49
A-8 66937RLE7 SEQ 6.50000% 10,549,362.86 57,142.38 -57,142.38
A-9 66937RLF4 SEQ 6.50000% 4,891,650.22 26,496.44 38,192.21
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 MEZ 6.50000% 6,991,765.75 37,872.06 5,714.31
B-2 66937RLK3 SUB 6.50000% 6,742,166.81 36,520.07 5,510.32
B-3 66937RLL1 SUB 6.50000% 2,247,388.94 12,173.36 1,836.77
B-4 66937RLR8 SUB 6.50000% 1,497,593.69 8,111.97 1,223.97
B-5 66937RLS6 SUB 6.50000% 998,395.80 5,407.98 815.98
B-6 66937RLT4 SUB 6.50000% 1,001,073.41 5,422.48 706.02
Totals 489,790,338.11 2,651,737.25 3,686,192.34
</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 0.00 238,614.47 228.47 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 48,420,806.64 838,761.71 0.00
A-4 0.00 105,206,824.29 1,845,682.58 0.00
A-5 0.00 1,900,000.00 9,658.33 0.00
A-6 0.00 81,032,044.45 271,605.64 0.00
A-7 0.00 1,864,115.64 2,154,601.26 0.00
A-8 0.00 10,606,505.24 0.00 0.00
A-9 0.00 4,853,458.01 64,688.65 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 6,986,051.44 43,586.37 0.00
B-2 0.00 6,736,656.49 42,030.39 0.00
B-3 0.00 2,245,552.16 14,010.13 0.00
B-4 0.00 1,496,369.72 9,335.94 0.00
B-5 0.00 997,579.81 6,223.96 0.00
B-6 112.15 1,000,255.24 6,128.50 423.14
Totals 112.15 486,104,033.60 6,337,929.59 423.14
<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 239,302.50 238,842.94 220.94 7.53 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 49,010,431.99 61,721.17 527,904.18 0.00 0.00
A-4 108,700,000.00 106,511,075.57 136,527.24 1,167,724.04 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 80,694,324.00 4,392.02 37,565.12 -379,677.59 0.00
A-7 11,930,000.00 3,997,066.13 225,540.71 1,929,060.56 -21,650.77 0.00
A-8 10,436,000.00 10,549,362.86 0.00 0.00 -57,142.38 0.00
A-9 5,000,000.00 4,891,650.22 3,997.91 34,194.30 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 6,991,765.75 5,714.31 0.00 0.00 0.00
B-2 6,753,000.00 6,742,166.81 5,510.32 0.00 0.00 0.00
B-3 2,251,000.00 2,247,388.94 1,836.77 0.00 0.00 0.00
B-4 1,500,000.00 1,497,593.69 1,223.97 0.00 0.00 0.00
B-5 1,000,000.00 998,395.80 815.98 0.00 0.00 0.00
B-6 1,002,681.91 1,001,073.41 706.02 0.00 0.00 112.15
Totals 500,234,184.41 489,790,338.11 448,207.36 3,696,455.73 (458,470.74) 112.15
<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 228.47 238,614.47 0.99712485 228.47
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-3 589,625.35 48,420,806.64 0.96841613 589,625.35
A-4 1,304,251.28 105,206,824.29 0.96786407 1,304,251.28
A-5 0.00 1,900,000.00 1.00000000 0.00
A-6 (337,720.45) 81,032,044.45 1.01290056 (337,720.45)
A-7 2,132,950.49 1,864,115.64 0.15625445 2,132,950.49
A-8 (57,142.38) 10,606,505.24 1.01633818 (57,142.38)
A-9 38,192.21 4,853,458.01 0.97069160 38,192.21
A-R 0.00 100.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
B-1 5,714.31 6,986,051.44 0.99757981 5,714.31
B-2 5,510.32 6,736,656.49 0.99757981 5,510.32
B-3 1,836.77 2,245,552.16 0.99757981 1,836.77
B-4 1,223.97 1,496,369.72 0.99757981 1,223.97
B-5 815.98 997,579.81 0.99757981 815.98
B-6 818.17 1,000,255.24 0.99757982 706.02
Totals 3,686,304.49 486,104,033.60 0.97175293 3,686,192.34
</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 239,302.50 998.07958546 0.92326658 0.03146645 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 50,000,000.00 980.20863980 1.23442340 10.55808360 0.00000000
A-4 108,700,000.00 979.86270074 1.25600037 10.74263146 0.00000000
A-5 1,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 80,000,000.00 1008.67905000 0.05490025 0.46956400 -4.74596988
A-7 11,930,000.00 335.04326320 18.90534032 161.69828667 -1.81481727
A-8 10,436,000.00 1010.86267344 0.00000000 0.00000000 -5.47550594
A-9 5,000,000.00 978.33004400 0.79958200 6.83886000 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 7,003,000.00 998.39579466 0.81598029 0.00000000 0.00000000
B-2 6,753,000.00 998.39579594 0.81598105 0.00000000 0.00000000
B-3 2,251,000.00 998.39579742 0.81597956 0.00000000 0.00000000
B-4 1,500,000.00 998.39579333 0.81598000 0.00000000 0.00000000
B-5 1,000,000.00 998.39580000 0.81598000 0.00000000 0.00000000
B-6 1,002,681.91 998.39580231 0.70413158 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 0.95473303 997.12485244 0.99712485 0.95473303
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 11.79250700 968.41613280 0.96841613 11.79250700
A-4 0.00000000 11.99863183 967.86406891 0.96786407 11.99863183
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 -4.22150562 1,012.90055563 1.01290056 -4.22150562
A-7 0.00000000 178.78880889 156.25445432 0.15625445 178.78880889
A-8 0.00000000 -5.47550594 1,016.33817938 1.01633818 -5.47550594
A-9 0.00000000 7.63844200 970.69160200 0.97069160 7.63844200
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 0.81598029 997.57981437 0.99757981 0.81598029
B-2 0.00000000 0.81598105 997.57981490 0.99757981 0.81598105
B-3 0.00000000 0.81597956 997.57981342 0.99757981 0.81597956
B-4 0.00000000 0.81598000 997.57981333 0.99757981 0.81598000
B-5 0.00000000 0.81598000 997.57981000 0.99757981 0.81598000
B-6 0.11185003 0.81598161 997.57982070 0.99757982 0.70413158
<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% 238,842.94 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% 49,010,431.99 249,136.36 0.00 0.00
A-4 108,700,000.00 6.10000% 106,511,075.57 541,431.30 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% 112,490,970.62 609,326.09 0.00 0.00
A-7 11,930,000.00 6.50000% 3,997,066.13 21,650.77 0.00 0.00
A-8 10,436,000.00 6.50000% 10,549,362.86 57,142.38 0.00 0.00
A-9 5,000,000.00 6.50000% 4,891,650.22 26,496.44 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% 6,991,765.75 37,872.06 0.00 0.00
B-2 6,753,000.00 6.50000% 6,742,166.81 36,520.07 0.00 0.00
B-3 2,251,000.00 6.50000% 2,247,388.94 12,173.36 0.00 0.00
B-4 1,500,000.00 6.50000% 1,497,593.69 8,111.97 0.00 0.00
B-5 1,000,000.00 6.50000% 998,395.80 5,407.98 0.00 0.00
B-6 1,002,681.91 6.50000% 1,001,073.41 5,422.48 0.00 0.00
Totals 500,234,184.41 2,651,737.25 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 0.00 238,614.47
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 0.00 249,136.36 0.00 48,420,806.64
A-4 0.00 0.00 541,431.30 0.00 105,206,824.29
A-5 0.00 0.00 9,658.33 0.00 1,900,000.00
A-6 0.00 0.00 609,326.09 0.00 112,712,144.82
A-7 0.00 0.00 21,650.77 0.00 1,864,115.64
A-8 0.00 0.00 57,142.38 0.00 10,606,505.24
A-9 0.00 0.00 26,496.44 0.00 4,853,458.01
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 37,872.06 0.00 6,986,051.44
B-2 0.00 0.00 36,520.07 0.00 6,736,656.49
B-3 0.00 0.00 12,173.36 0.00 2,245,552.16
B-4 0.00 0.00 8,111.97 0.00 1,496,369.72
B-5 0.00 0.00 5,407.98 0.00 997,579.81
B-6 0.00 0.00 5,422.48 0.00 1,000,255.24
Totals 0.00 0.00 2,651,737.25 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% 998.07958546 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% 980.20863980 4.98272720 0.00000000 0.00000000
A-4 108,700,000.00 6.10000% 979.86270074 4.98096872 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% 1406.13713275 7.61657613 0.00000000 0.00000000
A-7 11,930,000.00 6.50000% 335.04326320 1.81481727 0.00000000 0.00000000
A-8 10,436,000.00 6.50000% 1010.86267344 5.47550594 0.00000000 0.00000000
A-9 5,000,000.00 6.50000% 978.33004400 5.29928800 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% 998.39579466 5.40797658 0.00000000 0.00000000
B-2 6,753,000.00 6.50000% 998.39579594 5.40797720 0.00000000 0.00000000
B-3 2,251,000.00 6.50000% 998.39579742 5.40797868 0.00000000 0.00000000
B-4 1,500,000.00 6.50000% 998.39579333 5.40798000 0.00000000 0.00000000
B-5 1,000,000.00 6.50000% 998.39580000 5.40798000 0.00000000 0.00000000
B-6 1,002,681.91 6.50000% 998.39580231 5.40797629 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 997.12485244
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 4.98272720 0.00000000 968.41613280
A-4 0.00000000 0.00000000 4.98096872 0.00000000 967.86406891
A-5 0.00000000 0.00000000 5.08333158 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 7.61657613 0.00000000 1408.90181025
A-7 0.00000000 0.00000000 1.81481727 0.00000000 156.25445432
A-8 0.00000000 0.00000000 5.47550594 0.00000000 1016.33817938
A-9 0.00000000 0.00000000 5.29928800 0.00000000 970.69160200
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 5.40797658 0.00000000 997.57981437
B-2 0.00000000 0.00000000 5.40797720 0.00000000 997.57981490
B-3 0.00000000 0.00000000 5.40797868 0.00000000 997.57981342
B-4 0.00000000 0.00000000 5.40798000 0.00000000 997.57981333
B-5 0.00000000 0.00000000 5.40798000 0.00000000 997.57981000
B-6 0.00000000 0.00000000 5.40797629 0.00000000 997.57982070
<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% 9,687,477.39 9,570,931.13 0.00 0.00 96.84161327%
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 70,094,324.00 70,432,044.45 101.48709575%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 20,336.02
Deposits
Payments of Interest and Principal 6,406,056.01
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 17,922.28
Realized Losses 0.00
Total Deposits 6,423,978.29
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 106,384.72
Payment of Interest and Principal 6,337,929.61
Total Withdrawals (Pool Distribution Amount) 6,444,314.33
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,647.37
Servicing Fee Support 2,647.37
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 102,093.40
Master Servicing Fee 6,938.69
Supported Prepayment/Curtailment Interest Shortfall 2,647.37
Net Servicing Fee 106,384.72
</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 4 1,244,083.47 0.278164% 0.255929%
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 4 1,244,083.47 0.278164% 0.255929%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 112.15
Cumulative Realized Losses - Includes Interest Shortfall 423.14
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 803,495.50
</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% 19,462,464.86 4.00376535% 95.994268% 100.000000%
Class B-1 12,506,681.91 2.50016538% 12,476,413.42 2.56661384% 1.437857% 0.000000%
Class B-2 5,753,681.91 1.15019767% 5,739,756.93 1.18076719% 1.386527% 0.000000%
Class B-3 3,502,681.91 0.70020843% 3,494,204.77 0.71881830% 0.462176% 0.000000%
Class B-4 2,002,681.91 0.40034887% 1,997,835.05 0.41098919% 0.307980% 0.000000%
Class B-5 1,002,681.91 0.20044250% 1,000,255.24 0.20576979% 0.205320% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.205871% 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 132,416.57 0.02647092% 132,416.57 0.02724038%
Fraud 10,004,683.69 2.00000000% 10,004,683.69 2.05813632%
Special Hazard 5,477,967.00 1.09508050% 5,477,967.00 1.12691248%
<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 7.233584%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 354
Begin Scheduled Collateral Loan Count 1,448
Number Of Loans Paid In Full 10
End Scheduled Collateral Loan Count 1,438
Begining Scheduled Collateral Balance 489,790,338.10
Ending Scheduled Collateral Balance 486,104,033.61
Ending Actual Collateral Balance at 31-Mar-1999 487,426,711.01
Ending Scheduled Balance For Norwest 352,803,423.96
Ending Scheduled Balance For Other Services 133,300,609.65
Monthly P &I Constant 3,162,875.00
Class A Optimal Amount 6,216,385.84
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 470,989,130.24
Ending scheduled Balance For discounted Loans 15,114,903.37
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 432,753,075.72
Greater Than 80%, less than or equal to 85% 10,502,004.36
Greater than 85%, less than or equal to 95% 40,720,075.38
Greater than 95% 2,215,551.22
</TABLE>
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