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): February 25, 1999
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-2 Trust
New York (governing law of 333-65481-05 IRS EIN
Pooling and Servicing Agreement) (Commission
(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 February 25, 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 February 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 1999-2 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps
Date: 03/05/1999
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 February 25,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 01/31/1999
Distribution Date: 02/25/1999
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% 1,280,152.64 0.00 2,103.30
A-1 66937RJS9 SEQ 6.50000% 551,890,000.00 2,989,404.17 7,964,574.37
A-2 66937RJT7 SEQ 6.50000% 100,000,000.00 541,666.67 1,675,477.22
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% 15,000,000.00 81,250.00 232,043.33
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 6.27500% 7,352,941.00 38,449.75 0.00
A-15 66937RKG3 SEQ 6.18056% 2,647,059.00 13,633.58 0.00
A-16 66937RKH1 SEQ 6.50000% 85,000,000.00 460,416.67 0.00
A-R 66937RKJ7 R 6.50000% 100.00 0.54 100.00
B-1 66937RKK4 SUB 6.50000% 12,750,000.00 69,062.50 10,315.91
B-2 66937RKL2 SUB 6.50000% 11,475,000.00 62,156.25 9,284.32
B-3 66937RKM0 SUB 6.50000% 3,825,000.00 20,718.75 3,094.77
B-4 66937RLX5 SUB 6.50000% 2,550,000.00 13,812.50 2,063.18
B-5 66937RLY3 SUB 6.50000% 1,700,000.00 9,208.33 1,375.45
B-6 66937RLZ0 SUB 6.50000% 1,700,947.70 9,022.29 0.00
Totals 850,019,200.34 4,597,145.33 9,900,431.85
</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 1,278,049.34 2,103.30 0.00
A-1 0.00 543,925,425.63 10,953,978.54 0.00
A-2 0.00 98,324,522.78 2,217,143.89 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 14,767,956.67 313,293.33 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 38,449.75 0.00
A-15 0.00 2,647,059.00 13,633.58 0.00
A-16 0.00 85,000,000.00 460,416.67 0.00
A-R 0.00 0.00 100.54 0.00
B-1 0.00 12,739,684.09 79,378.41 0.00
B-2 0.00 11,465,715.68 71,440.57 0.00
B-3 0.00 3,821,905.23 23,813.52 0.00
B-4 0.00 2,547,936.82 15,875.68 0.00
B-5 0.00 1,698,624.55 10,583.78 0.00
B-6 1,376.23 1,699,571.47 9,022.29 1,376.23
Totals 1,376.23 840,117,392.26 14,497,577.18 1,376.23
<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 1,280,152.64 1,168.58 934.72 0.00 0.00
A-1 551,890,000.00 551,890,000.00 531,819.51 7,432,754.86 0.00 0.00
A-2 100,000,000.00 100,000,000.00 111,876.85 1,563,600.37 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 15,000,000.00 15,494.26 216,549.07 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 100.00 100.00 6.68 93.32 0.00 0.00
B-1 12,750,000.00 12,750,000.00 10,315.91 0.00 0.00 0.00
B-2 11,475,000.00 11,475,000.00 9,284.32 0.00 0.00 0.00
B-3 3,825,000.00 3,825,000.00 3,094.77 0.00 0.00 0.00
B-4 2,550,000.00 2,550,000.00 2,063.18 0.00 0.00 0.00
B-5 1,700,000.00 1,700,000.00 1,375.45 0.00 0.00 0.00
B-6 1,700,947.70 1,700,947.70 0.00 0.00 0.00 1,376.23
Totals 850,019,200.34 850,019,200.34 686,499.51 9,213,932.34 0.00 1,376.23
<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 2,103.30 1,278,049.34 0.99835699 2,103.30
A-1 7,964,574.37 543,925,425.63 0.98556855 7,964,574.37
A-2 1,675,477.22 98,324,522.78 0.98324523 1,675,477.22
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-10 232,043.33 14,767,956.67 0.98453044 232,043.33
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 100.00 0.00 0.00000000 100.00
B-1 10,315.91 12,739,684.09 0.99919091 10,315.91
B-2 9,284.32 11,465,715.68 0.99919091 9,284.32
B-3 3,094.77 3,821,905.23 0.99919091 3,094.77
B-4 2,063.18 2,547,936.82 0.99919091 2,063.18
B-5 1,375.45 1,698,624.55 0.99919091 1,375.45
B-6 1,376.23 1,699,571.47 0.99919090 0.00
Totals 9,901,808.08 840,117,392.26 0.98835108 9,900,431.85
</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 1000.00000000 0.91284427 0.73016293 0.00000000
A-1 551,890,000.00 1000.00000000 0.96363317 13.46781942 0.00000000
A-2 100,000,000.00 1000.00000000 1.11876850 15.63600370 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 1000.00000000 1.03295067 14.43660467 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 1000.00000000 66.80000000 933.20000000 0.00000000
B-1 12,750,000.00 1000.00000000 0.80909098 0.00000000 0.00000000
B-2 11,475,000.00 1000.00000000 0.80909107 0.00000000 0.00000000
B-3 3,825,000.00 1000.00000000 0.80909020 0.00000000 0.00000000
B-4 2,550,000.00 1000.00000000 0.80909020 0.00000000 0.00000000
B-5 1,700,000.00 1000.00000000 0.80908824 0.00000000 0.00000000
B-6 1,700,947.70 1000.00000000 0.00000000 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 1.64300720 998.35699280 0.99835699 1.64300720
A-1 0.00000000 14.43145259 985.56854741 0.98556855 14.43145259
A-2 0.00000000 16.75477220 983.24522780 0.98324523 16.75477220
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 15.46955533 984.53044467 0.98453044 15.46955533
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 1000.00000000 0.00000000 0.00000000 1000.00000000
B-1 0.00000000 0.80909098 999.19090902 0.99919091 0.80909098
B-2 0.00000000 0.80909107 999.19090893 0.99919091 0.80909107
B-3 0.00000000 0.80909020 999.19090980 0.99919091 0.80909020
B-4 0.00000000 0.80909020 999.19090980 0.99919091 0.80909020
B-5 0.00000000 0.80908824 999.19091176 0.99919091 0.80908824
B-6 0.80909601 0.80909601 999.19090399 0.99919090 0.00000000
<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% 1,280,152.64 0.00 0.00 0.00
A-1 551,890,000.00 6.50000% 551,890,000.00 2,989,404.17 0.00 0.00
A-2 100,000,000.00 6.50000% 100,000,000.00 541,666.67 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% 15,000,000.00 81,250.00 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 6.27500% 7,352,941.00 38,449.75 0.00 0.00
A-15 2,647,059.00 6.18056% 2,647,059.00 13,633.58 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% 100.00 0.54 0.00 0.00
B-1 12,750,000.00 6.50000% 12,750,000.00 69,062.50 0.00 0.00
B-2 11,475,000.00 6.50000% 11,475,000.00 62,156.25 0.00 0.00
B-3 3,825,000.00 6.50000% 3,825,000.00 20,718.75 0.00 0.00
B-4 2,550,000.00 6.50000% 2,550,000.00 13,812.50 0.00 0.00
B-5 1,700,000.00 6.50000% 1,700,000.00 9,208.33 0.00 0.00
B-6 1,700,947.70 6.50000% 1,700,947.70 9,213.47 0.00 191.18
Totals 850,019,200.34 4,597,336.51 0.00 191.18
</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 1,278,049.34
A-1 0.00 0.00 2,989,404.17 0.00 543,925,425.63
A-2 0.00 0.00 541,666.67 0.00 98,324,522.78
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 81,250.00 0.00 14,767,956.67
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 38,449.75 0.00 7,352,941.00
A-15 0.00 0.00 13,633.58 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 0.54 0.00 0.00
B-1 0.00 0.00 69,062.50 0.00 12,739,684.09
B-2 0.00 0.00 62,156.25 0.00 11,465,715.68
B-3 0.00 0.00 20,718.75 0.00 3,821,905.23
B-4 0.00 0.00 13,812.50 0.00 2,547,936.82
B-5 0.00 0.00 9,208.33 0.00 1,698,624.55
B-6 0.00 0.00 9,022.29 191.18 1,699,571.47
Totals 0.00 0.00 4,597,145.33 191.18
<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% 1000.00000000 0.00000000 0.00000000 0.00000000
A-1 551,890,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
A-2 100,000,000.00 6.50000% 1000.00000000 5.41666670 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% 1000.00000000 5.41666667 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 6.27500% 1000.00000000 5.22916613 0.00000000 0.00000000
A-15 2,647,059.00 6.18056% 1000.00000000 5.15046321 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% 1000.00000000 5.40000000 0.00000000 0.00000000
B-1 12,750,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B-2 11,475,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B-3 3,825,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B-4 2,550,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B-5 1,700,000.00 6.50000% 1000.00000000 5.41666471 0.00000000 0.00000000
B-6 1,700,947.70 6.50000% 1000.00000000 5.41666860 0.00000000 0.11239617
<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 998.35699280
A-1 0.00000000 0.00000000 5.41666667 0.00000000 985.56854741
A-2 0.00000000 0.00000000 5.41666670 0.00000000 983.24522780
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 5.41666667 0.00000000 984.53044467
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 5.22916613 0.00000000 1000.00000000
A-15 0.00000000 0.00000000 5.15046321 0.00000000 1000.00000000
A-16 0.00000000 0.00000000 5.41666671 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.40000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.41666667 0.00000000 999.19090902
B-2 0.00000000 0.00000000 5.41666667 0.00000000 999.19090893
B-3 0.00000000 0.00000000 5.41666667 0.00000000 999.19090980
B-4 0.00000000 0.00000000 5.41666667 0.00000000 999.19090980
B-5 0.00000000 0.00000000 5.41666471 0.00000000 999.19091176
B-6 0.00000000 0.00000000 5.30427244 0.11239617 999.19090399
<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 14,631,219.15
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 46,992.34
Realized Losses 0.00
Total Deposits 14,678,211.49
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 180,634.24
Payment of Interest and Principal 14,497,577.19
Total Withdrawals (Pool Distribution Amount) 14,678,211.43
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 8,596.88
Servicing Fee Support 8,596.88
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 177,190.87
Master Servicing Fee 12,040.28
Supported Prepayment/Curtailment Interest Shortfall 8,596.88
Net Servicing Fee 180,634.27
</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 9 3,127,396.15 0.360000% 0.372257%
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 9 3,127,396.15 0.360000% 0.372257%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 1,376.23
Cumulative Realized Losses - Includes Interest Shortfall 1,376.23
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,091,565.88
</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% 33,973,437.84 4.04389174% 95.949947% 100.000000%
Class B-1 21,250,947.70 2.50005502% 21,233,753.75 2.52747461% 1.518728% 0.000000%
Class B-2 9,775,947.70 1.15008552% 9,768,038.07 1.16269918% 1.366855% 0.000000%
Class B-3 5,950,947.70 0.70009568% 5,946,132.84 0.70777404% 0.455618% 0.000000%
Class B-4 3,400,947.70 0.40010246% 3,398,196.02 0.40449062% 0.303746% 0.000000%
Class B-5 1,700,947.70 0.20010697% 1,699,571.47 0.20230166% 0.202497% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.202610% 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 0.02646292%
Fraud 17,000,384.01 2.00000000% 17,000,384.01 2.02357244%
Special Hazard 8,503,859.00 1.00043140% 8,503,859.00 1.01222271%
<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 7.167604%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 356
Begin Scheduled Collateral Loan Count 2,526
Number Of Loans Paid In Full 26
End Scheduled Collateral Loan Count 2,500
Begining Scheduled Collateral Balance 850,019,200.34
Ending Scheduled Collateral Balance 840,117,392.25
Ending Actual Collateral Balance at 31-Jan-1999 814,965,659.32
Ending Scheduled Balance For Norwest 687,045,693.09
Ending Scheduled Balance For Other Services 153,071,699.16
Monthly P &I Constant 5,479,282.26
Class A Optimal Amount 14,285,359.63
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 752,324,457.33
Ending scheduled Balance For discounted Loans 87,792,934.92
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 763,290,685.11
Greater Than 80%, less than or equal to 85% 12,236,021.34
Greater than 85%, less than or equal to 95% 64,711,231.57
Greater than 95% 0.00
</TABLE>
