NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999 2 TRUST
8-K, 1999-10-07
ASSET-BACKED SECURITIES
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                                  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):  September 27, 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 September 27, 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 September 27,
                                   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: 10/5/99


                                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 September
                27, 1999 distribution.






<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date:            8/31/99
Distribution Date:     9/27/99


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%      1,242,668.73            0.00       15,323.01
    A-1        66937RJS9         SEQ          6.50000%    512,608,759.65    2,776,630.78    5,502,131.60
    A-2        66937RJT7         SEQ          6.50000%     91,736,554.89      496,906.34    1,157,462.50
    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          140.63            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%     13,855,563.49       75,050.97      160,301.46
    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          6.08000%      7,352,941.00       37,254.90            0.00
    A-15       66937RKG3         SEQ          6.72222%      2,647,059.00       14,828.43            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         SUB          6.50000%     12,675,578.19       68,659.38       11,020.02
    B-2        66937RKL2         SUB          6.50000%     11,408,020.37       61,793.44        9,918.02
    B-3        66937RKM0         SUB          6.50000%      3,802,673.46       20,597.81        3,306.01
    B-4        66937RLX5         SUB          6.50000%      2,535,115.64       13,731.88        2,204.00
    B-5        66937RLY3         SUB          6.50000%      1,690,077.09        9,154.58        1,469.34
    B-6        66937RLZ0         SUB          6.50000%      1,691,019.25        9,159.69        1,376.72
Totals                                                    801,094,030.76    4,332,528.21    6,864,512.68
</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           1,227,345.72                15,323.01                      0.00
A-1                            0.00         507,106,628.05             8,278,762.38                      0.00
A-2                            0.00          90,579,092.39             1,654,368.84                      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                   140.63                      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          13,695,262.03               235,352.43                      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                37,254.90                      0.00
A-15                           0.00           2,647,059.00                14,828.43                      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          12,664,558.17                79,679.40                      0.00
B-2                            0.00          11,398,102.36                71,711.46                      0.00
B-3                            0.00           3,799,367.45                23,903.82                      0.00
B-4                            0.00           2,532,911.63                15,935.88                      0.00
B-5                            0.00           1,688,607.76                10,623.92                      0.00
B-6                           93.43           1,689,549.10                10,536.41                  3,098.41
Totals                        93.43         794,229,424.66            11,197,040.89                  3,098.41
<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                   1,280,152.64       1,242,668.73           1,258.30       14,064.71           0.00            0.00
A-1                 551,890,000.00     512,608,759.65         537,309.22    4,964,822.38           0.00            0.00
A-2                 100,000,000.00      91,736,554.89         113,031.70    1,044,430.80           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      13,855,563.49          15,654.20      144,647.26           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      12,675,578.19          11,020.02            0.00           0.00            0.00
B-2                  11,475,000.00      11,408,020.37           9,918.02            0.00           0.00            0.00
B-3                   3,825,000.00       3,802,673.46           3,306.01            0.00           0.00            0.00
B-4                   2,550,000.00       2,535,115.64           2,204.00            0.00           0.00            0.00
B-5                   1,700,000.00       1,690,077.09           1,469.34            0.00           0.00            0.00
B-6                   1,700,947.70       1,691,019.25           1,376.72            0.00           0.00           93.43
Totals              850,019,200.34     801,094,030.76         696,547.53    6,167,965.15           0.00           93.43
<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                              15,323.01          1,227,345.72           0.95874951         15,323.01
A-1                           5,502,131.60        507,106,628.05           0.91885453      5,502,131.60
A-2                           1,157,462.50         90,579,092.39           0.90579092      1,157,462.50
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                            160,301.46         13,695,262.03           0.91301747        160,301.46
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                              11,020.02         12,664,558.17           0.99329868         11,020.02
B-2                               9,918.02         11,398,102.36           0.99329868          9,918.02
B-3                               3,306.01          3,799,367.45           0.99329868          3,306.01
B-4                               2,204.00          2,532,911.63           0.99329868          2,204.00
B-5                               1,469.34          1,688,607.76           0.99329868          1,469.34
B-6                               1,470.15          1,689,549.10           0.99329868          1,376.72
Totals                        6,864,606.11        794,229,424.66           0.93436645      6,864,512.68
</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        970.71918705         0.98292966         10.98674452        0.00000000
A-1                   551,890,000.00        928.82414911         0.97358028          8.99603613        0.00000000
A-2                   100,000,000.00        917.36554890         1.13031700         10.44430800        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        923.70423267         1.04361333          9.64315067        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        994.16299529         0.86431529          0.00000000        0.00000000
B-2                    11,475,000.00        994.16299521         0.86431547          0.00000000        0.00000000
B-3                     3,825,000.00        994.16299608         0.86431634          0.00000000        0.00000000
B-4                     2,550,000.00        994.16299608         0.86431373          0.00000000        0.00000000
B-5                     1,700,000.00        994.16299412         0.86431765          0.00000000        0.00000000
B-6                     1,700,947.70        994.16298926         0.80938409          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         11.96967418            958.74951287          0.95874951        11.96967418
A-1                     0.00000000          9.96961641            918.85453270          0.91885453         9.96961641
A-2                     0.00000000         11.57462500            905.79092390          0.90579092        11.57462500
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         10.68676400            913.01746867          0.91301747        10.68676400
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          0.86431529            993.29868000          0.99329868         0.86431529
B-2                     0.00000000          0.86431547            993.29868061          0.99329868         0.86431547
B-3                     0.00000000          0.86431634            993.29867974          0.99329868         0.86431634
B-4                     0.00000000          0.86431373            993.29867843          0.99329868         0.86431373
B-5                     0.00000000          0.86431765            993.29868235          0.99329868         0.86431765
B-6                     0.05492820          0.86431229            993.29867697          0.99329868         0.80938409
<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%       1,242,668.73                0.00           0.00             0.00
A-1               551,890,000.00        6.50000%     512,608,759.65        2,776,630.78           0.00             0.00
A-2               100,000,000.00        6.50000%      91,736,554.89          496,906.34           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              140.63           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%      13,855,563.49           75,050.97           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        6.08000%       7,352,941.00           37,254.90           0.00             0.00
A-15                2,647,059.00        6.72222%       2,647,059.00           14,828.43           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%      12,675,578.19           68,659.38           0.00             0.00
B-2                11,475,000.00        6.50000%      11,408,020.37           61,793.44           0.00             0.00
B-3                 3,825,000.00        6.50000%       3,802,673.46           20,597.81           0.00             0.00
B-4                 2,550,000.00        6.50000%       2,535,115.64           13,731.88           0.00             0.00
B-5                 1,700,000.00        6.50000%       1,690,077.09            9,154.58           0.00             0.00
B-6                 1,700,947.70        6.50000%       1,691,019.25            9,159.69           0.00             0.00
Totals            850,019,200.34                                           4,332,528.21           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       1,227,345.72
 A-1                            0.00                0.00         2,776,630.78                0.00     507,106,628.05
 A-2                            0.00                0.00           496,906.34                0.00      90,579,092.39
 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               140.63                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            75,050.97                0.00      13,695,262.03
 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            37,254.90                0.00       7,352,941.00
 A-15                           0.00                0.00            14,828.43                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            68,659.38                0.00      12,664,558.17
 B-2                            0.00                0.00            61,793.44                0.00      11,398,102.36
 B-3                            0.00                0.00            20,597.81                0.00       3,799,367.45
 B-4                            0.00                0.00            13,731.88                0.00       2,532,911.63
 B-5                            0.00                0.00             9,154.58                0.00       1,688,607.76
 B-6                            0.00                0.00             9,159.69                0.00       1,689,549.10
 Totals                         0.00                0.00         4,332,528.21                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%         970.71918705        0.00000000        0.00000000        0.00000000
A-1                 551,890,000.00        6.50000%         928.82414911        5.03113081        0.00000000        0.00000000
A-2                 100,000,000.00        6.50000%         917.36554890        4.96906340        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        5.62520000        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%         923.70423267        5.00339800        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        6.08000%        1000.00000000        5.06666652        0.00000000        0.00000000
A-15                  2,647,059.00        6.72222%        1000.00000000        5.60185096        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%         994.16299529        5.38504941        0.00000000        0.00000000
B-2                  11,475,000.00        6.50000%         994.16299521        5.38504924        0.00000000        0.00000000
B-3                   3,825,000.00        6.50000%         994.16299608        5.38504837        0.00000000        0.00000000
B-4                   2,550,000.00        6.50000%         994.16299608        5.38505098        0.00000000        0.00000000
B-5                   1,700,000.00        6.50000%         994.16299412        5.38504706        0.00000000        0.00000000
B-6                   1,700,947.70        6.50000%         994.16298926        5.38505093        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          958.74951287
A-1                   0.00000000        0.00000000         5.03113081          0.00000000          918.85453270
A-2                   0.00000000        0.00000000         4.96906340          0.00000000          905.79092390
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         5.62520000          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         5.00339800          0.00000000          913.01746867
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         5.06666652          0.00000000         1000.00000000
A-15                  0.00000000        0.00000000         5.60185096          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         5.38504941          0.00000000          993.29868000
B-2                   0.00000000        0.00000000         5.38504924          0.00000000          993.29868061
B-3                   0.00000000        0.00000000         5.38504837          0.00000000          993.29867974
B-4                   0.00000000        0.00000000         5.38505098          0.00000000          993.29867843
B-5                   0.00000000        0.00000000         5.38504706          0.00000000          993.29868235
B-6                   0.00000000        0.00000000         5.38505093          0.00000000          993.29867697
<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 ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                   12,696.70
Deposits
    Payments of Interest and Principal                                                          11,427,878.00
    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                                                                                  11,427,878.00

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         172,759.14
    Payment of Interest and Principal                                                           11,197,040.88
Total Withdrawals (Pool Distribution Amount)                                                    11,369,800.02

Ending Balance                                                                                      70,774.68

</TABLE>
<TABLE>
<CAPTION>

                                            PREPAYMENT/CURTAILMENT INTEREST SHORTFALL


<S>                                                                                   <C>
Total Prepayment/Curtailment Interest Shortfall                                                      5,530.89
Servicing Fee Support                                                                                5,530.89

Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>

                                                         SERVICING FEES


<S>                                                                                   <C>
Gross Servicing Fee                                                                                166,941.27
Master Servicing Fee                                                                                11,348.76
Supported Prepayment/Curtailment Interest Shortfall                                                  5,530.89
Net Servicing Fee                                                                                  172,759.14

</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>                           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                                   6      1,662,876.45               0.250941%          0.209370%
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                                    6      1,662,876.45               0.250941%          0.209370%
</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION
<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                          93.43
Cumulative Realized Losses - Includes Interest Shortfall                                         3,098.41
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00

Periodic Advance                                                                               864,143.88
</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>
Class    A         34,000,947.70      4.00002114%      33,773,096.47    4.25230990%      95.741109%    100.000000%
Class    B-1       21,250,947.70      2.50005502%      21,108,538.30    2.65773814%       1.597040%      0.000000%
Class    B-2        9,775,947.70      1.15008552%       9,710,435.94    1.22262354%       1.437336%      0.000000%
Class    B-3        5,950,947.70      0.70009568%       5,911,068.49    0.74425201%       0.479112%      0.000000%
Class    B-4        3,400,947.70      0.40010246%       3,378,156.86    0.42533766%       0.319408%      0.000000%
Class    B-5        1,700,947.70      0.20010697%       1,689,549.10    0.21272809%       0.212939%      0.000000%
Class    B-6                0.00      0.00000000%               0.00    0.00000000%       0.213057%      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       0.02799187%
                      Fraud      17,000,384.01       2.00000000%     17,000,384.01       2.14048781%
             Special Hazard       8,503,859.00       1.00043140%      8,503,859.00       1.07070561%
<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                                         7.154849%
 Weighted Average Pass-Through Rate                                    6.500000%
 Weighted Average Maturity(Stepdown Calculation )                            349
 Beginning Scheduled Collateral Loan Count                                 2,407

 Number Of Loans Paid In Full                                                 16
 Ending Scheduled Collateral Loan Count                                    2,391
 Beginning Scheduled Collateral Balance                           801,094,030.77
 Ending Scheduled Collateral Balance                              794,229,424.67
 Ending Actual Collateral Balance at 31-Aug-1999                  155,057,534.69
 Ending Scheduled Balance For Norwest                             653,380,214.33
 Ending Scheduled Balance For Other Services                      140,849,210.34
 Monthly P &I Constant                                              5,212,343.76
 Class A Optimal Amount                                            10,969,326.99
 Class AP Deferred Amount                                                   0.00
 Ending Scheduled Balance for Premium Loans                       708,685,207.93
 Ending scheduled Balance For discounted Loans                     85,544,216.74
 Unpaid Principal Balance Of Outstanding Mortgage Loans
 With Original LTV:
     Less Than Or Equal To 80%                                    721,675,127.02
     Greater Than 80%, less than or equal to 85%                   11,282,998.38
     Greater than 85%, less than or equal to 95%                   61,361,172.55
     Greater than 95%                                                       0.00

 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
</TABLE>

















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