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Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999 1 TRUST, 8-K, 1999-05-10 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999 3 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 1999-2 Trust
New York (governing law of 333-65481-05 52-2154930
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 April 26, 1999 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-2
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
1999-2 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 1999-2 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 1999-2 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: 1999-2
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 NMB9902PO PO 0.00000% 1,270,451.90 0.00 5,767.06
A-1 66937RJS9 SEQ 6.50000% 537,269,502.32 2,910,209.80 6,205,867.19
A-2 66937RJT7 SEQ 6.50000% 96,924,341.52 525,006.85 1,305,504.67
A-3 66937RJU4 SEQ 6.50000% 6,099,000.00 33,036.25 0.00
A-4 66937RJV2 SEQ 6.25000% 5,000,000.00 26,041.67 0.00
A-5 66937RJW0 SEQ 6.75000% 25,000.00 140.62 0.00
A-6 66937RJX8 SEQ 6.75000% 1,750,000.00 9,843.75 0.00
A-7 66937RJY6 SEQ 6.75000% 1,750,000.00 9,843.75 0.00
A-8 66937RJZ3 SEQ 6.75000% 1,475,000.00 8,296.88 0.00
A-9 66937RKA6 SEQ 6.75000% 10,000,000.00 56,250.00 0.00
A-10 66937RKB4 SEQ 6.50000% 14,574,040.15 78,942.72 180,804.40
A-11 66937RKC2 SEQ 6.50000% 19,749,000.00 106,973.75 0.00
A-12 66937RKD0 SEQ 6.50000% 5,921,000.00 32,072.08 0.00
A-13 66937RKE8 SEQ 6.50000% 1,079,000.00 5,844.58 0.00
A-14 66937RKF5 SEQ 5.83688% 7,352,941.00 35,765.20 0.00
A-15 66937RKG3 SEQ 7.39756% 2,647,059.00 16,318.14 0.00
A-16 66937RKH1 SEQ 6.50000% 85,000,000.00 460,416.67 0.00
A-R 66937RKJ7 R 6.50000% 0.00 0.00 0.00
B-1 66937RKK4 MEZ 6.50000% 12,729,265.48 68,950.19 10,531.75
B-2 66937RKL2 SUB 6.50000% 11,456,338.93 62,055.17 9,478.57
B-3 66937RKM0 SUB 6.50000% 3,818,779.64 20,685.06 3,159.52
B-4 66937RLX5 SUB 6.50000% 2,545,853.10 13,790.04 2,106.35
B-5 66937RLY3 SUB 6.50000% 1,697,235.40 9,193.36 1,404.23
B-6 66937RLZ0 SUB 6.50000% 1,698,181.55 9,198.48 462.64
Totals 831,831,989.99 4,498,875.01 7,725,086.38
</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 1,264,684.85 5,767.06 0.00
A-1 0.00 531,063,635.13 9,116,076.99 0.00
A-2 0.00 95,618,836.84 1,830,511.52 0.00
A-3 0.00 6,099,000.00 33,036.25 0.00
A-4 0.00 5,000,000.00 26,041.67 0.00
A-5 0.00 25,000.00 140.62 0.00
A-6 0.00 1,750,000.00 9,843.75 0.00
A-7 0.00 1,750,000.00 9,843.75 0.00
A-8 0.00 1,475,000.00 8,296.88 0.00
A-9 0.00 10,000,000.00 56,250.00 0.00
A-10 0.00 14,393,235.75 259,747.12 0.00
A-11 0.00 19,749,000.00 106,973.75 0.00
A-12 0.00 5,921,000.00 32,072.08 0.00
A-13 0.00 1,079,000.00 5,844.58 0.00
A-14 0.00 7,352,941.00 35,765.20 0.00
A-15 0.00 2,647,059.00 16,318.14 0.00
A-16 0.00 85,000,000.00 460,416.67 0.00
A-R 0.00 0.00 0.00 0.00
B-1 0.00 12,718,733.74 79,481.94 0.00
B-2 0.00 11,446,860.36 71,533.74 0.00
B-3 0.00 3,815,620.12 23,844.58 0.00
B-4 0.00 2,543,746.75 15,896.39 0.00
B-5 0.00 1,695,831.17 10,597.59 0.00
B-6 942.38 1,696,776.53 9,661.12 2,646.39
Totals 942.38 824,105,961.24 12,223,961.39 2,646.39
<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 1,280,152.64 1,270,451.90 1,240.36 4,526.70 0.00 0.00
A-1 551,890,000.00 537,269,502.32 531,739.85 5,674,127.34 0.00 0.00
A-2 100,000,000.00 96,924,341.52 111,860.09 1,193,644.58 0.00 0.00
A-3 6,099,000.00 6,099,000.00 0.00 0.00 0.00 0.00
A-4 5,000,000.00 5,000,000.00 0.00 0.00 0.00 0.00
A-5 25,000.00 25,000.00 0.00 0.00 0.00 0.00
A-6 1,750,000.00 1,750,000.00 0.00 0.00 0.00 0.00
A-7 1,750,000.00 1,750,000.00 0.00 0.00 0.00 0.00
A-8 1,475,000.00 1,475,000.00 0.00 0.00 0.00 0.00
A-9 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00
A-10 15,000,000.00 14,574,040.15 15,491.94 165,312.46 0.00 0.00
A-11 19,749,000.00 19,749,000.00 0.00 0.00 0.00 0.00
A-12 5,921,000.00 5,921,000.00 0.00 0.00 0.00 0.00
A-13 1,079,000.00 1,079,000.00 0.00 0.00 0.00 0.00
A-14 7,352,941.00 7,352,941.00 0.00 0.00 0.00 0.00
A-15 2,647,059.00 2,647,059.00 0.00 0.00 0.00 0.00
A-16 85,000,000.00 85,000,000.00 0.00 0.00 0.00 0.00
A-R 100.00 0.00 0.00 0.00 0.00 0.00
B-1 12,750,000.00 12,729,265.48 10,531.75 0.00 0.00 0.00
B-2 11,475,000.00 11,456,338.93 9,478.57 0.00 0.00 0.00
B-3 3,825,000.00 3,818,779.64 3,159.52 0.00 0.00 0.00
B-4 2,550,000.00 2,545,853.10 2,106.35 0.00 0.00 0.00
B-5 1,700,000.00 1,697,235.40 1,404.23 0.00 0.00 0.00
B-6 1,700,947.70 1,698,181.55 462.64 0.00 0.00 942.38
Totals 850,019,200.34 831,831,989.99 687,475.30 7,037,611.08 0.00 942.38
<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 5,767.06 1,264,684.85 0.98791723 5,767.06
A-1 6,205,867.19 531,063,635.13 0.96226356 6,205,867.19
A-2 1,305,504.67 95,618,836.84 0.95618837 1,305,504.67
A-3 0.00 6,099,000.00 1.00000000 0.00
A-4 0.00 5,000,000.00 1.00000000 0.00
A-5 0.00 25,000.00 1.00000000 0.00
A-6 0.00 1,750,000.00 1.00000000 0.00
A-7 0.00 1,750,000.00 1.00000000 0.00
A-8 0.00 1,475,000.00 1.00000000 0.00
A-9 0.00 10,000,000.00 1.00000000 0.00
A-10 180,804.40 14,393,235.75 0.95954905 180,804.40
A-11 0.00 19,749,000.00 1.00000000 0.00
A-12 0.00 5,921,000.00 1.00000000 0.00
A-13 0.00 1,079,000.00 1.00000000 0.00
A-14 0.00 7,352,941.00 1.00000000 0.00
A-15 0.00 2,647,059.00 1.00000000 0.00
A-16 0.00 85,000,000.00 1.00000000 0.00
A-R 0.00 0.00 0.00000000 0.00
B-1 10,531.75 12,718,733.74 0.99754774 10,531.75
B-2 9,478.57 11,446,860.36 0.99754774 9,478.57
B-3 3,159.52 3,815,620.12 0.99754774 3,159.52
B-4 2,106.35 2,543,746.75 0.99754775 2,106.35
B-5 1,404.23 1,695,831.17 0.99754775 1,404.23
B-6 1,405.02 1,696,776.53 0.99754774 462.64
Totals 7,726,028.76 824,105,961.24 0.96951452 7,725,086.38
</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 1,280,152.64 992.42220053 0.96891571 3.53606270 0.00000000
A-1 551,890,000.00 973.50831202 0.96348883 10.28126500 0.00000000
A-2 100,000,000.00 969.24341520 1.11860090 11.93644580 0.00000000
A-3 6,099,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 5,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 25,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 1,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-7 1,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 1,475,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-9 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-10 15,000,000.00 971.60267667 1.03279600 11.02083067 0.00000000
A-11 19,749,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-12 5,921,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-13 1,079,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-14 7,352,941.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-15 2,647,059.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-16 85,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 12,750,000.00 998.37376314 0.82601961 0.00000000 0.00000000
B-2 11,475,000.00 998.37376296 0.82601917 0.00000000 0.00000000
B-3 3,825,000.00 998.37376209 0.82601830 0.00000000 0.00000000
B-4 2,550,000.00 998.37376471 0.82601961 0.00000000 0.00000000
B-5 1,700,000.00 998.37376471 0.82601765 0.00000000 0.00000000
B-6 1,700,947.70 998.37375952 0.27198955 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination, except Class A-R, which is Per $100 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 4.50497841 987.91722993 0.98791723 4.50497841
A-1 0.00000000 11.24475383 962.26355819 0.96226356 11.24475383
A-2 0.00000000 13.05504670 956.18836840 0.95618837 13.05504670
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 1,000.00000000 1.00000000 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 12.05362667 959.54905000 0.95954905 12.05362667
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 0.00000000 1,000.00000000 1.00000000 0.00000000
A-14 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-16 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.82601961 997.54774431 0.99754774 0.82601961
B-2 0.00000000 0.82601917 997.54774379 0.99754774 0.82601917
B-3 0.00000000 0.82601830 997.54774379 0.99754774 0.82601830
B-4 0.00000000 0.82601961 997.54774510 0.99754775 0.82601961
B-5 0.00000000 0.82601765 997.54774706 0.99754775 0.82601765
B-6 0.55403232 0.82602187 997.54773765 0.99754774 0.27198955
<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 1,280,152.64 0.00000% 1,270,451.90 0.00 0.00 0.00
A-1 551,890,000.00 6.50000% 537,269,502.32 2,910,209.80 0.00 0.00
A-2 100,000,000.00 6.50000% 96,924,341.52 525,006.85 0.00 0.00
A-3 6,099,000.00 6.50000% 6,099,000.00 33,036.25 0.00 0.00
A-4 5,000,000.00 6.25000% 5,000,000.00 26,041.67 0.00 0.00
A-5 25,000.00 6.75000% 25,000.00 140.62 0.00 0.00
A-6 1,750,000.00 6.75000% 1,750,000.00 9,843.75 0.00 0.00
A-7 1,750,000.00 6.75000% 1,750,000.00 9,843.75 0.00 0.00
A-8 1,475,000.00 6.75000% 1,475,000.00 8,296.88 0.00 0.00
A-9 10,000,000.00 6.75000% 10,000,000.00 56,250.00 0.00 0.00
A-10 15,000,000.00 6.50000% 14,574,040.15 78,942.72 0.00 0.00
A-11 19,749,000.00 6.50000% 19,749,000.00 106,973.75 0.00 0.00
A-12 5,921,000.00 6.50000% 5,921,000.00 32,072.08 0.00 0.00
A-13 1,079,000.00 6.50000% 1,079,000.00 5,844.58 0.00 0.00
A-14 7,352,941.00 5.83688% 7,352,941.00 35,765.20 0.00 0.00
A-15 2,647,059.00 7.39756% 2,647,059.00 16,318.14 0.00 0.00
A-16 85,000,000.00 6.50000% 85,000,000.00 460,416.67 0.00 0.00
A-R 100.00 6.50000% 0.00 0.00 0.00 0.00
B-1 12,750,000.00 6.50000% 12,729,265.48 68,950.19 0.00 0.00
B-2 11,475,000.00 6.50000% 11,456,338.93 62,055.17 0.00 0.00
B-3 3,825,000.00 6.50000% 3,818,779.64 20,685.06 0.00 0.00
B-4 2,550,000.00 6.50000% 2,545,853.10 13,790.04 0.00 0.00
B-5 1,700,000.00 6.50000% 1,697,235.40 9,193.36 0.00 0.00
B-6 1,700,947.70 6.50000% 1,698,181.55 9,198.48 0.00 0.00
Totals 850,019,200.34 4,498,875.01 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 1,264,684.85
A-1 0.00 0.00 2,910,209.80 0.00 531,063,635.13
A-2 0.00 0.00 525,006.85 0.00 95,618,836.84
A-3 0.00 0.00 33,036.25 0.00 6,099,000.00
A-4 0.00 0.00 26,041.67 0.00 5,000,000.00
A-5 0.00 0.00 140.62 0.00 25,000.00
A-6 0.00 0.00 9,843.75 0.00 1,750,000.00
A-7 0.00 0.00 9,843.75 0.00 1,750,000.00
A-8 0.00 0.00 8,296.88 0.00 1,475,000.00
A-9 0.00 0.00 56,250.00 0.00 10,000,000.00
A-10 0.00 0.00 78,942.72 0.00 14,393,235.75
A-11 0.00 0.00 106,973.75 0.00 19,749,000.00
A-12 0.00 0.00 32,072.08 0.00 5,921,000.00
A-13 0.00 0.00 5,844.58 0.00 1,079,000.00
A-14 0.00 0.00 35,765.20 0.00 7,352,941.00
A-15 0.00 0.00 16,318.14 0.00 2,647,059.00
A-16 0.00 0.00 460,416.67 0.00 85,000,000.00
A-R 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 68,950.19 0.00 12,718,733.74
B-2 0.00 0.00 62,055.17 0.00 11,446,860.36
B-3 0.00 0.00 20,685.06 0.00 3,815,620.12
B-4 0.00 0.00 13,790.04 0.00 2,543,746.75
B-5 0.00 0.00 9,193.36 0.00 1,695,831.17
B-6 0.00 0.00 9,198.48 0.00 1,696,776.53
Totals 0.00 0.00 4,498,875.01 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 1,280,152.64 0.00000% 992.42220053 0.00000000 0.00000000 0.00000000
A-1 551,890,000.00 6.50000% 973.50831202 5.27317002 0.00000000 0.00000000
A-2 100,000,000.00 6.50000% 969.24341520 5.25006850 0.00000000 0.00000000
A-3 6,099,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
A-4 5,000,000.00 6.25000% 1000.00000000 5.20833400 0.00000000 0.00000000
A-5 25,000.00 6.75000% 1000.00000000 5.62480000 0.00000000 0.00000000
A-6 1,750,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-7 1,750,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-8 1,475,000.00 6.75000% 1000.00000000 5.62500339 0.00000000 0.00000000
A-9 10,000,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-10 15,000,000.00 6.50000% 971.60267667 5.26284800 0.00000000 0.00000000
A-11 19,749,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
A-12 5,921,000.00 6.50000% 1000.00000000 5.41666610 0.00000000 0.00000000
A-13 1,079,000.00 6.50000% 1000.00000000 5.41666358 0.00000000 0.00000000
A-14 7,352,941.00 5.83688% 1000.00000000 4.86406732 0.00000000 0.00000000
A-15 2,647,059.00 7.39756% 1000.00000000 6.16463026 0.00000000 0.00000000
A-16 85,000,000.00 6.50000% 1000.00000000 5.41666671 0.00000000 0.00000000
A-R 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 12,750,000.00 6.50000% 998.37376314 5.40785804 0.00000000 0.00000000
B-2 11,475,000.00 6.50000% 998.37376296 5.40785795 0.00000000 0.00000000
B-3 3,825,000.00 6.50000% 998.37376209 5.40785882 0.00000000 0.00000000
B-4 2,550,000.00 6.50000% 998.37376471 5.40785882 0.00000000 0.00000000
B-5 1,700,000.00 6.50000% 998.37376471 5.40785882 0.00000000 0.00000000
B-6 1,700,947.70 6.50000% 998.37375952 5.40785587 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination, except Class A-R, which is Per $100 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 987.91722993
A-1 0.00000000 0.00000000 5.27317002 0.00000000 962.26355819
A-2 0.00000000 0.00000000 5.25006850 0.00000000 956.18836840
A-3 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.20833400 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.62480000 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-7 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.62500339 0.00000000 1000.00000000
A-9 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-10 0.00000000 0.00000000 5.26284800 0.00000000 959.54905000
A-11 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
A-12 0.00000000 0.00000000 5.41666610 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 5.41666358 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 4.86406732 0.00000000 1000.00000000
A-15 0.00000000 0.00000000 6.16463026 0.00000000 1000.00000000
A-16 0.00000000 0.00000000 5.41666671 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.40785804 0.00000000 997.54774431
B-2 0.00000000 0.00000000 5.40785795 0.00000000 997.54774379
B-3 0.00000000 0.00000000 5.40785882 0.00000000 997.54774379
B-4 0.00000000 0.00000000 5.40785882 0.00000000 997.54774510
B-5 0.00000000 0.00000000 5.40785882 0.00000000 997.54774706
B-6 0.00000000 0.00000000 5.40785587 0.00000000 997.54773765
<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 19,688.75
Deposits
Payments of Interest and Principal 12,271,303.11
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 116,060.17
Realized Losses 0.00
Total Deposits 12,387,363.28
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 183,090.64
Payment of Interest and Principal 12,223,961.37
Total Withdrawals (Pool Distribution Amount) 12,407,052.01
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,092.56
Servicing Fee Support 2,092.56
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 173,400.67
Master Servicing Fee 11,782.56
Supported Prepayment/Curtailment Interest Shortfall 2,092.56
Net Servicing Fee 183,090.66
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Reserve Fund 2,500.00 0.00 0.00 2,500.00
Reserve Fund 999.99 0.00 0.00 999.99
</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 5 1,521,674.92 0.203004% 0.184646%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 297,250.06 0.040601% 0.036069%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 6 1,818,924.98 0.243605% 0.220715%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 942.38
Cumulative Realized Losses - Includes Interest Shortfall 2,646.39
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,107,022.39
</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 34,000,947.70 4.00002114% 33,917,568.67 4.11568054% 95.877994% 100.000000%
Class B-1 21,250,947.70 2.50005502% 21,198,834.93 2.57234335% 1.545709% 0.000000%
Class B-2 9,775,947.70 1.15008552% 9,751,974.57 1.18333989% 1.391138% 0.000000%
Class B-3 5,950,947.70 0.70009568% 5,936,354.45 0.72033873% 0.463713% 0.000000%
Class B-4 3,400,947.70 0.40010246% 3,392,607.70 0.41167130% 0.309142% 0.000000%
Class B-5 1,700,947.70 0.20010697% 1,696,776.53 0.20589301% 0.206095% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.206209% 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 222,319.63 0.02615466% 222,319.63 0.02697707%
Fraud 17,000,384.01 2.00000000% 17,000,384.01 2.06288812%
Special Hazard 8,503,859.00 1.00043140% 8,503,859.00 1.03188903%
<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 7.161403%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 354
Begin Scheduled Collateral Loan Count 2,483
Number Of Loans Paid In Full 20
End Scheduled Collateral Loan Count 2,463
Begining Scheduled Collateral Balance 831,831,989.99
Ending Scheduled Collateral Balance 824,105,961.24
Ending Actual Collateral Balance at 31-Mar-1999 826,337,298.27
Ending Scheduled Balance For Norwest 677,268,777.19
Ending Scheduled Balance For Other Services 146,837,184.05
Monthly P &I Constant 5,375,955.27
Class A Optimal Amount 12,007,178.97
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 736,751,021.61
Ending scheduled Balance For discounted Loans 87,354,939.63
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 748,017,001.67
Greater Than 80%, less than or equal to 85% 12,215,207.09
Greater than 85%, less than or equal to 95% 63,997,905.87
Greater than 95% 0.00
</TABLE>
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