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Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999 1 TRUST, 8-K, 2000-01-06 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999 3 TRUST, 8-K, 2000-01-06 |
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): December 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 December 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 December 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: 12/28/99
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 December 27,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 11/30/99
Distribution Date: 12/27/99
NASCOR Series: 1999-2
Contact: Customer Service - SecuritiesLink
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% 1,224,039.46 0.00 2,698.84
A-1 66937RJS9 SEQ 6.50000% 501,565,495.51 2,716,813.10 4,241,994.96
A-2 66937RJT7 SEQ 6.50000% 89,413,425.42 484,322.72 892,372.34
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% 13,533,824.30 73,308.21 123,588.10
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 6.31000% 7,352,941.00 38,664.21 0.00
A-15 66937RKG3 SEQ 6.08333% 2,647,059.00 13,419.12 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% 12,642,130.15 68,478.20 11,327.18
B-2 66937RKL2 SUB 6.50000% 11,377,917.13 61,630.38 10,194.47
B-3 66937RKM0 SUB 6.50000% 3,792,639.04 20,543.46 3,398.16
B-4 66937RLX5 SUB 6.50000% 2,528,426.03 13,695.64 2,265.44
B-5 66937RLY3 SUB 6.50000% 1,685,617.36 9,130.43 1,510.29
B-6 66937RLZ0 SUB 6.50000% 1,686,557.03 9,135.52 1,291.54
Totals 787,298,071.43 4,257,901.00 5,290,641.32
</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 1,221,340.62 2,698.84 0.00
A-1 0.00 497,323,500.55 6,958,808.06 0.00
A-2 0.00 88,521,053.07 1,376,695.06 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 13,410,236.20 196,896.31 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 38,664.21 0.00
A-15 0.00 2,647,059.00 13,419.12 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 12,630,802.96 79,805.38 0.00
B-2 0.00 11,367,722.67 71,824.85 0.00
B-3 0.00 3,789,240.89 23,941.62 0.00
B-4 0.00 2,526,160.59 15,961.08 0.00
B-5 0.00 1,684,107.06 10,640.72 0.00
B-6 219.60 1,685,045.89 10,427.06 3,535.65
Totals 219.60 782,007,210.50 9,548,542.32 3,535.65
<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 1,224,039.46 1,296.21 1,402.63 0.00 0.00
A-1 551,890,000.00 501,565,495.51 543,852.41 3,698,142.55 0.00 0.00
A-2 100,000,000.00 89,413,425.42 114,408.16 777,964.18 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 13,533,824.30 15,844.83 107,743.27 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 12,642,130.15 11,327.18 0.00 0.00 0.00
B-2 11,475,000.00 11,377,917.13 10,194.47 0.00 0.00 0.00
B-3 3,825,000.00 3,792,639.04 3,398.16 0.00 0.00 0.00
B-4 2,550,000.00 2,528,426.03 2,265.44 0.00 0.00 0.00
B-5 1,700,000.00 1,685,617.36 1,510.29 0.00 0.00 0.00
B-6 1,700,947.70 1,686,557.03 1,291.54 0.00 0.00 219.60
Totals 850,019,200.34 787,298,071.43 705,388.69 4,585,252.63 0.00 219.60
<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 2,698.84 1,221,340.62 0.95405859 2,698.84
A-1 4,241,994.96 497,323,500.55 0.90112794 4,241,994.96
A-2 892,372.34 88,521,053.07 0.88521053 892,372.34
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-10 123,588.10 13,410,236.20 0.89401575 123,588.10
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 11,327.18 12,630,802.96 0.99065121 11,327.18
B-2 10,194.47 11,367,722.67 0.99065121 10,194.47
B-3 3,398.16 3,789,240.89 0.99065121 3,398.16
B-4 2,265.44 2,526,160.59 0.99065121 2,265.44
B-5 1,510.29 1,684,107.06 0.99065121 1,510.29
B-6 1,511.14 1,685,045.89 0.99065121 1,291.54
Totals 5,290,860.92 782,007,210.50 0.91998770 5,290,641.32
</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 1,280,152.64 956.16680523 1.01254332 1.09567403 0.00000000
A-1 551,890,000.00 908.81424833 0.98543625 6.70086892 0.00000000
A-2 100,000,000.00 894.13425420 1.14408160 7.77964180 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 15,000,000.00 902.25495333 1.05632200 7.18288467 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 12,750,000.00 991.53961961 0.88840627 0.00000000 0.00000000
B-2 11,475,000.00 991.53961917 0.88840697 0.00000000 0.00000000
B-3 3,825,000.00 991.53961830 0.88840784 0.00000000 0.00000000
B-4 2,550,000.00 991.53961961 0.88840784 0.00000000 0.00000000
B-5 1,700,000.00 991.53962353 0.88840588 0.00000000 0.00000000
B-6 1,700,947.70 991.53961642 0.75930612 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 2.10821735 954.05858789 0.95405859 2.10821735
A-1 0.00000000 7.68630517 901.12794316 0.90112794 7.68630517
A-2 0.00000000 8.92372340 885.21053070 0.88521053 8.92372340
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 8.23920667 894.01574667 0.89401575 8.23920667
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 0.88840627 990.65121255 0.99065121 0.88840627
B-2 0.00000000 0.88840697 990.65121307 0.99065121 0.88840697
B-3 0.00000000 0.88840784 990.65121307 0.99065121 0.88840784
B-4 0.00000000 0.88840784 990.65121176 0.99065121 0.88840784
B-5 0.00000000 0.88840588 990.65121176 0.99065121 0.88840588
B-6 0.12910450 0.88841062 990.65120580 0.99065121 0.75930612
<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% 1,224,039.46 0.00 0.00 0.00
A-1 551,890,000.00 6.50000% 501,565,495.51 2,716,813.10 0.00 0.00
A-2 100,000,000.00 6.50000% 89,413,425.42 484,322.72 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% 13,533,824.30 73,308.21 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 6.31000% 7,352,941.00 38,664.21 0.00 0.00
A-15 2,647,059.00 6.08333% 2,647,059.00 13,419.12 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% 12,642,130.15 68,478.20 0.00 0.00
B-2 11,475,000.00 6.50000% 11,377,917.13 61,630.38 0.00 0.00
B-3 3,825,000.00 6.50000% 3,792,639.04 20,543.46 0.00 0.00
B-4 2,550,000.00 6.50000% 2,528,426.03 13,695.64 0.00 0.00
B-5 1,700,000.00 6.50000% 1,685,617.36 9,130.43 0.00 0.00
B-6 1,700,947.70 6.50000% 1,686,557.03 9,135.52 0.00 0.00
Totals 850,019,200.34 4,257,901.00 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 1,221,340.62
A-1 0.00 0.00 2,716,813.10 0.00 497,323,500.55
A-2 0.00 0.00 484,322.72 0.00 88,521,053.07
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 73,308.21 0.00 13,410,236.20
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 38,664.21 0.00 7,352,941.00
A-15 0.00 0.00 13,419.12 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 68,478.20 0.00 12,630,802.96
B-2 0.00 0.00 61,630.38 0.00 11,367,722.67
B-3 0.00 0.00 20,543.46 0.00 3,789,240.89
B-4 0.00 0.00 13,695.64 0.00 2,526,160.59
B-5 0.00 0.00 9,130.43 0.00 1,684,107.06
B-6 0.00 0.00 9,135.52 0.00 1,685,045.89
Totals 0.00 0.00 4,257,901.00 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% 956.16680523 0.00000000 0.00000000 0.00000000
A-1 551,890,000.00 6.50000% 908.81424833 4.92274384 0.00000000 0.00000000
A-2 100,000,000.00 6.50000% 894.13425420 4.84322720 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% 902.25495333 4.88721400 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 6.31000% 1000.00000000 5.25833269 0.00000000 0.00000000
A-15 2,647,059.00 6.08333% 1000.00000000 5.06944500 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% 991.53961961 5.37083922 0.00000000 0.00000000
B-2 11,475,000.00 6.50000% 991.53961917 5.37083922 0.00000000 0.00000000
B-3 3,825,000.00 6.50000% 991.53961830 5.37083922 0.00000000 0.00000000
B-4 2,550,000.00 6.50000% 991.53961961 5.37083922 0.00000000 0.00000000
B-5 1,700,000.00 6.50000% 991.53962353 5.37084118 0.00000000 0.00000000
B-6 1,700,947.70 6.50000% 991.53961642 5.37084121 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 954.05858789
A-1 0.00000000 0.00000000 4.92274384 0.00000000 901.12794316
A-2 0.00000000 0.00000000 4.84322720 0.00000000 885.21053070
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 4.88721400 0.00000000 894.01574667
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 5.25833269 0.00000000 1000.00000000
A-15 0.00000000 0.00000000 5.06944500 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 5.37083922 0.00000000 990.65121255
B-2 0.00000000 0.00000000 5.37083922 0.00000000 990.65121307
B-3 0.00000000 0.00000000 5.37083922 0.00000000 990.65121307
B-4 0.00000000 0.00000000 5.37083922 0.00000000 990.65121176
B-5 0.00000000 0.00000000 5.37084118 0.00000000 990.65121176
B-6 0.00000000 0.00000000 5.37084121 0.00000000 990.65120580
<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 17,505.56
Deposits
Payments of Interest and Principal 9,706,277.77
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 9,706,277.77
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 173,258.26
Payment of Interest and Principal 9,548,542.32
Total Withdrawals (Pool Distribution Amount) 9,721,800.58
Ending Balance 1,982.75
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,963.11
Servicing Fee Support 1,963.11
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 164,067.98
Master Servicing Fee 11,153.39
Supported Prepayment/Curtailment Interest Shortfall 1,963.11
Net Servicing Fee 173,258.26
</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 7 2,727,157.74 0.296359% 0.348738%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 1 357,440.55 0.042337% 0.045708%
REO 0 0.00 0.000000% 0.000000%
Totals 8 3,084,598.29 0.338696% 0.394446%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 219.60
Cumulative Realized Losses - Includes Interest Shortfall 3,535.65
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,001,147.52
</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% 33,683,080.06 4.30725952% 95.686003% 100.000000%
Class B-1 21,250,947.70 2.50005502% 21,052,277.10 2.69208222% 1.617704% 0.000000%
Class B-2 9,775,947.70 1.15008552% 9,684,554.43 1.23842265% 1.455933% 0.000000%
Class B-3 5,950,947.70 0.70009568% 5,895,313.54 0.75386946% 0.485311% 0.000000%
Class B-4 3,400,947.70 0.40010246% 3,369,152.95 0.43083400% 0.323541% 0.000000%
Class B-5 1,700,947.70 0.20010697% 1,685,045.89 0.21547703% 0.215694% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.215814% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
<S> Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 222,319.63 0.02615466% 222,319.63 0.02842936%
Fraud 17,000,384.01 2.00000000% 17,000,384.01 2.17394210%
Special Hazard 8,503,859.00 1.00043140% 8,503,859.00 1.08743997%
<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 7.152291%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation) 346
Beginning Scheduled Collateral Loan Count 2,375
Number Of Loans Paid In Full 13
Ending Scheduled Collateral Loan Count 2,362
Beginning Scheduled Collateral Balance 787,298,071.41
Ending Scheduled Collateral Balance 782,007,210.50
Ending Actual Collateral Balance at 30-Nov-1999 785,397,098.96
Ending Scheduled Balance For Norwest 643,424,475.63
Ending Scheduled Balance For Other Services 138,582,734.87
Monthly P &I Constant 5,142,450.66
Class A Optimal Amount 9,333,242.77
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 697,086,953.06
Ending scheduled Balance For discounted Loans 84,920,257.44
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 711,535,132.59
Greater Than 80%, less than or equal to 85% 11,250,535.79
Greater than 85%, less than or equal to 95% 59,331,695.88
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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