NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-5
8-K, 1999-12-10
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):  November 26, 1999

                      NORWEST ASSET SECURITIES CORPORATION
             Mortgage Pass-Through Certificates, Series 1999-5 Trust


New York (governing law of          333-65481-08   52-2155934
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 November 26, 1999 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-5
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
                                 1999-5 Trust, relating to the November 26,
                                 1999 distribution.






Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                       NORWEST ASSET SECURITIES CORPORATION
              Mortgage Pass-Through Certificates, Series 1999-5 Trust

              By:   Norwest Bank Minnesota, N.A., as Master Servicer
              By:   /s/ Sherri J. Sharps, Vice President
              By:   Sherri J. Sharps, Vice President
              Date: 12/9/99


                                INDEX TO EXHIBITS

Exhibit Number                   Description

EX-99.1        Monthly report distributed to holders of Mortgage Pass-Through
               Certificates, Series 1999-5 Trust, relating to the November 26,
               1999 distribution.






<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date:            10/31/99
Distribution Date:      11/26/99


NASCOR  Series: 1999-5
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>
    A-PO       NMB9905PO         PO           0.00000%      1,770,187.34            0.00        8,115.45
    A-1        66937RML0         SEQ          6.25000%     69,910,647.72      364,117.96      687,582.90
    A-2        66937RMM8         SEQ          6.25000%     27,359,815.29      142,499.04      325,015.83
    A-3        66937RMN6         SEQ          6.25000%        949,072.00        4,943.08            0.00
    A-4        66937RMP1         SEQ          6.00000%     35,441,080.78      177,205.40      127,452.69
    A-5        66937RMQ9         SEQ          6.50000%     35,441,080.78      191,972.52      127,452.69
    A-6        66937RMR7         SEQ          6.25000%    138,710,642.83      722,451.26    1,592,544.20
    A-7        66937RMS5         SEQ          6.00000%     50,835,085.36      254,175.43      583,640.29
    A-8        66937RMT3         SEQ          6.50000%     50,835,085.36      275,356.71      583,640.29
    A-R        66937RMU0          R           6.25000%              0.00        2,241.40            0.00
    B-1        66937RMV8         SUB          6.25000%      3,284,428.12       17,106.40       11,811.41
    B-2        66937RMW6         SUB          6.25000%      1,752,149.00        9,125.78        6,301.05
    B-3        66937RMX4         SUB          6.25000%      1,532,279.11        7,980.62        5,510.36
    B-4        66937RNZ8         SUB          6.25000%        875,588.06        4,560.35        3,148.78
    B-5        66937RPA1         SUB          6.25000%        657,663.92        3,425.33        2,365.08
    B-6        66937RPB9         SUB          6.25000%        656,928.95        3,421.50        2,362.44
Totals                                                    420,011,734.62    2,180,582.78    4,066,943.46
</TABLE>
<TABLE>
<CAPTION>

                                       Certificateholder Distribution Summary (continued)


                            Current                 Ending                                         Cumulative
                           Realized            Certificate                    Total                  Realized
Class                          Loss                Balance             Distribution                    Losses
<S>           <C>                  <C>                     <C>                      <C>
A-PO                           0.00           1,762,071.89                 8,115.45                      0.00
A-1                            0.00          69,223,064.83             1,051,700.86                      0.00
A-2                            0.00          27,034,799.47               467,514.87                      0.00
A-3                            0.00             949,072.00                 4,943.08                      0.00
A-4                            0.00          35,313,628.10               304,658.09                      0.00
A-5                            0.00          35,313,628.10               319,425.21                      0.00
A-6                            0.00         137,118,098.63             2,314,995.46                      0.00
A-7                            0.00          50,251,445.06               837,815.72                      0.00
A-8                            0.00          50,251,445.06               858,997.00                      0.00
A-R                            0.00                   0.00                 2,241.40                      0.00
B-1                            0.00           3,272,616.70                28,917.81                      0.00
B-2                            0.00           1,745,847.95                15,426.83                      0.00
B-3                            0.00           1,526,768.75                13,490.98                      0.00
B-4                            0.00             872,439.29                 7,709.13                      0.00
B-5                            0.00             655,298.84                 5,790.41                      0.00
B-6                            0.00             654,566.51                 5,783.94                  4,199.38
Totals                         0.00         415,944,791.18             6,247,526.24                  4,199.38
<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>
A-PO                  1,840,080.96       1,770,187.34           6,692.03        1,423.42           0.00            0.00
A-1                  75,000,000.00      69,910,647.72         251,411.63      436,171.27           0.00            0.00
A-2                  29,756,080.00      27,359,815.29         101,804.00      223,211.83           0.00            0.00
A-3                     949,072.00         949,072.00               0.00            0.00           0.00            0.00
A-4                  36,429,200.00      35,441,080.78         127,452.69            0.00           0.00            0.00
A-5                  36,429,200.00      35,441,080.78         127,452.69            0.00           0.00            0.00
A-6                 150,452,094.00     138,710,642.83         498,829.15    1,093,715.05           0.00            0.00
A-7                  55,138,127.00      50,835,085.36         182,812.38      400,827.92           0.00            0.00
A-8                  55,138,127.00      50,835,085.36         182,812.38      400,827.92           0.00            0.00
A-R                         100.00               0.00               0.00            0.00           0.00            0.00
B-1                   3,376,000.00       3,284,428.12          11,811.41            0.00           0.00            0.00
B-2                   1,801,000.00       1,752,149.00           6,301.05            0.00           0.00            0.00
B-3                   1,575,000.00       1,532,279.11           5,510.36            0.00           0.00            0.00
B-4                     900,000.00         875,588.06           3,148.78            0.00           0.00            0.00
B-5                     676,000.00         657,663.92           2,365.08            0.00           0.00            0.00
B-6                     675,244.53         656,928.95           2,362.44            0.00           0.00            0.00
Totals              450,135,325.49     420,011,734.62       1,510,766.07    2,556,177.41           0.00            0.00
<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>
A-PO                              8,115.45          1,762,071.89           0.95760563          8,115.45
A-1                             687,582.90         69,223,064.83           0.92297420        687,582.90
A-2                             325,015.83         27,034,799.47           0.90854708        325,015.83
A-3                                   0.00            949,072.00           1.00000000              0.00
A-4                             127,452.69         35,313,628.10           0.96937699        127,452.69
A-5                             127,452.69         35,313,628.10           0.96937699        127,452.69
A-6                           1,592,544.20        137,118,098.63           0.91137381      1,592,544.20
A-7                             583,640.29         50,251,445.06           0.91137381        583,640.29
A-8                             583,640.29         50,251,445.06           0.91137381        583,640.29
A-R                                   0.00                  0.00           0.00000000              0.00
B-1                              11,811.41          3,272,616.70           0.96937698         11,811.41
B-2                               6,301.05          1,745,847.95           0.96937699          6,301.05
B-3                               5,510.36          1,526,768.75           0.96937698          5,510.36
B-4                               3,148.78            872,439.29           0.96937699          3,148.78
B-5                               2,365.08            655,298.84           0.96937698          2,365.08
B-6                               2,362.44            654,566.51           0.96937699          2,362.44
Totals                        4,066,943.46        415,944,791.18           0.92404388      4,066,943.46
</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>
A-PO                    1,840,080.96        962.01600825         3.63681281          0.77356379        0.00000000
A-1                    75,000,000.00        932.14196960         3.35215507          5.81561693        0.00000000
A-2                    29,756,080.00        919.46974501         3.42128399          7.50138560        0.00000000
A-3                       949,072.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-4                    36,429,200.00        972.87562670         3.49864093          0.00000000        0.00000000
A-5                    36,429,200.00        972.87562670         3.49864093          0.00000000        0.00000000
A-6                   150,452,094.00        921.95887171         3.31553478          7.26952361        0.00000000
A-7                    55,138,127.00        921.95887176         3.31553482          7.26952368        0.00000000
A-8                    55,138,127.00        921.95887176         3.31553482          7.26952368        0.00000000
A-R                           100.00          0.00000000         0.00000000          0.00000000        0.00000000
B-1                     3,376,000.00        972.87562796         3.49864040          0.00000000        0.00000000
B-2                     1,801,000.00        972.87562465         3.49863964          0.00000000        0.00000000
B-3                     1,575,000.00        972.87562540         3.49864127          0.00000000        0.00000000
B-4                       900,000.00        972.87562222         3.49864444          0.00000000        0.00000000
B-5                       676,000.00        972.87562130         3.49863905          0.00000000        0.00000000
B-6                       675,244.53        972.87563366         3.49864367          0.00000000        0.00000000
<FN>
2) Per $1,000 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>
A-PO                    0.00000000          4.41037660            957.60563166          0.95760563         4.41037660
A-1                     0.00000000          9.16777200            922.97419773          0.92297420         9.16777200
A-2                     0.00000000         10.92266959            908.54707576          0.90854708        10.92266959
A-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-4                     0.00000000          3.49864093            969.37698604          0.96937699         3.49864093
A-5                     0.00000000          3.49864093            969.37698604          0.96937699         3.49864093
A-6                     0.00000000         10.58505839            911.37381331          0.91137381        10.58505839
A-7                     0.00000000         10.58505832            911.37381326          0.91137381        10.58505832
A-8                     0.00000000         10.58505832            911.37381326          0.91137381        10.58505832
A-R                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
B-1                     0.00000000          3.49864040            969.37698460          0.96937698         3.49864040
B-2                     0.00000000          3.49863964            969.37698501          0.96937699         3.49863964
B-3                     0.00000000          3.49864127            969.37698413          0.96937698         3.49864127
B-4                     0.00000000          3.49864444            969.37698889          0.96937699         3.49864444
B-5                     0.00000000          3.49863905            969.37698225          0.96937698         3.49863905
B-6                     0.00000000          3.49864367            969.37698999          0.96937699         3.49864367
<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>
A-PO                1,840,080.96        0.00000%       1,770,187.34                0.00           0.00             0.00
A-1                75,000,000.00        6.25000%      69,910,647.72          364,117.96           0.00             0.00
A-2                29,756,080.00        6.25000%      27,359,815.29          142,499.04           0.00             0.00
A-3                   949,072.00        6.25000%         949,072.00            4,943.08           0.00             0.00
A-4                36,429,200.00        6.00000%      35,441,080.78          177,205.40           0.00             0.00
A-5                36,429,200.00        6.50000%      35,441,080.78          191,972.52           0.00             0.00
A-6               150,452,094.00        6.25000%     138,710,642.83          722,451.26           0.00             0.00
A-7                55,138,127.00        6.00000%      50,835,085.36          254,175.43           0.00             0.00
A-8                55,138,127.00        6.50000%      50,835,085.36          275,356.71           0.00             0.00
A-R                       100.00        6.25000%               0.00                0.00           0.00             0.00
B-1                 3,376,000.00        6.25000%       3,284,428.12           17,106.40           0.00             0.00
B-2                 1,801,000.00        6.25000%       1,752,149.00            9,125.78           0.00             0.00
B-3                 1,575,000.00        6.25000%       1,532,279.11            7,980.62           0.00             0.00
B-4                   900,000.00        6.25000%         875,588.06            4,560.35           0.00             0.00
B-5                   676,000.00        6.25000%         657,663.92            3,425.33           0.00             0.00
B-6                   675,244.53        6.25000%         656,928.95            3,421.50           0.00             0.00
Totals            450,135,325.49                                           2,178,341.38           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>
 A-PO                           0.00                0.00                 0.00                0.00       1,762,071.89
 A-1                            0.00                0.00           364,117.96                0.00      69,223,064.83
 A-2                            0.00                0.00           142,499.04                0.00      27,034,799.47
 A-3                            0.00                0.00             4,943.08                0.00         949,072.00
 A-4                            0.00                0.00           177,205.40                0.00      35,313,628.10
 A-5                            0.00                0.00           191,972.52                0.00      35,313,628.10
 A-6                            0.00                0.00           722,451.26                0.00     137,118,098.63
 A-7                            0.00                0.00           254,175.43                0.00      50,251,445.06
 A-8                            0.00                0.00           275,356.71                0.00      50,251,445.06
 A-R                            0.00                0.00             2,241.40                0.00               0.00
 B-1                            0.00                0.00            17,106.40                0.00       3,272,616.70
 B-2                            0.00                0.00             9,125.78                0.00       1,745,847.95
 B-3                            0.00                0.00             7,980.62                0.00       1,526,768.75
 B-4                            0.00                0.00             4,560.35                0.00         872,439.29
 B-5                            0.00                0.00             3,425.33                0.00         655,298.84
 B-6                            0.00                0.00             3,421.50                0.00         654,566.51
 Totals                         0.00                0.00         2,180,582.78                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>
A-PO                  1,840,080.96        0.00000%         962.01600825        0.00000000        0.00000000        0.00000000
A-1                  75,000,000.00        6.25000%         932.14196960        4.85490613        0.00000000        0.00000000
A-2                  29,756,080.00        6.25000%         919.46974501        4.78890499        0.00000000        0.00000000
A-3                     949,072.00        6.25000%        1000.00000000        5.20832982        0.00000000        0.00000000
A-4                  36,429,200.00        6.00000%         972.87562670        4.86437803        0.00000000        0.00000000
A-5                  36,429,200.00        6.50000%         972.87562670        5.26974295        0.00000000        0.00000000
A-6                 150,452,094.00        6.25000%         921.95887171        4.80186909        0.00000000        0.00000000
A-7                  55,138,127.00        6.00000%         921.95887176        4.60979442        0.00000000        0.00000000
A-8                  55,138,127.00        6.50000%         921.95887176        4.99394385        0.00000000        0.00000000
A-R                         100.00        6.25000%           0.00000000        0.00000000        0.00000000        0.00000000
B-1                   3,376,000.00        6.25000%         972.87562796        5.06706161        0.00000000        0.00000000
B-2                   1,801,000.00        6.25000%         972.87562465        5.06706274        0.00000000        0.00000000
B-3                   1,575,000.00        6.25000%         972.87562540        5.06706032        0.00000000        0.00000000
B-4                     900,000.00        6.25000%         972.87562222        5.06705556        0.00000000        0.00000000
B-5                     676,000.00        6.25000%         972.87562130        5.06705621        0.00000000        0.00000000
B-6                     675,244.53        6.25000%         972.87563366        5.06705326        0.00000000        0.00000000
<FN>
5) Per $1,000 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>
A-PO                  0.00000000        0.00000000         0.00000000          0.00000000          957.60563166
A-1                   0.00000000        0.00000000         4.85490613          0.00000000          922.97419773
A-2                   0.00000000        0.00000000         4.78890499          0.00000000          908.54707576
A-3                   0.00000000        0.00000000         5.20832982          0.00000000         1000.00000000
A-4                   0.00000000        0.00000000         4.86437803          0.00000000          969.37698604
A-5                   0.00000000        0.00000000         5.26974295          0.00000000          969.37698604
A-6                   0.00000000        0.00000000         4.80186909          0.00000000          911.37381331
A-7                   0.00000000        0.00000000         4.60979442          0.00000000          911.37381326
A-8                   0.00000000        0.00000000         4.99394385          0.00000000          911.37381326
A-R                   0.00000000        0.00000000     22414.00000000          0.00000000            0.00000000
B-1                   0.00000000        0.00000000         5.06706161          0.00000000          969.37698460
B-2                   0.00000000        0.00000000         5.06706274          0.00000000          969.37698501
B-3                   0.00000000        0.00000000         5.06706032          0.00000000          969.37698413
B-4                   0.00000000        0.00000000         5.06705556          0.00000000          969.37698889
B-5                   0.00000000        0.00000000         5.06705621          0.00000000          969.37698225
B-6                   0.00000000        0.00000000         5.06705326          0.00000000          969.37698999
<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                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           6,590,402.92
    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                                                                                   6,590,402.92

Withdrawals
    Reimbursement for Servicer Advances                                                            149,309.81
    Payment of Service Fee                                                                          92,778.26
    Payment of Interest and Principal                                                            6,247,526.25
Total Withdrawals (Pool Distribution Amount)                                                     6,489,614.32

Ending Balance                                                                                     100,788.60

</TABLE>
<TABLE>
<CAPTION>

                                            PREPAYMENT/CURTAILMENT INTEREST SHORTFALL


<S>                                                                                   <C>
Total Prepayment/Curtailment Interest Shortfall                                                        685.54
Servicing Fee Support                                                                                  685.54

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

                                                         SERVICING FEES


<S>                                                                                   <C>
Gross Servicing Fee                                                                                 87,512.92
Master Servicing Fee                                                                                 5,950.88
Supported Prepayment/Curtailment Interest Shortfall                                                    685.54
Net Servicing Fee                                                                                   92,778.26

</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                                   1         39,534.87               0.083056%          0.009505%
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                                    1         39,534.87               0.083056%          0.009505%
</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION
<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                         4,199.38
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00

Periodic Advance                                                                               533,229.75
</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          9,003,244.53      2.00011952%       8,727,538.04    2.09824434%      97.892829%    100.000000%
Class    B-1        5,627,244.53      1.25012284%       5,454,921.34    1.31145322%       0.790138%      0.000000%
Class    B-2        3,826,244.53      0.85002094%       3,709,073.39    0.89172252%       0.421516%      0.000000%
Class    B-3        2,251,244.53      0.50012616%       2,182,304.64    0.52466209%       0.368622%      0.000000%
Class    B-4        1,351,244.53      0.30018629%       1,309,865.35    0.31491327%       0.210641%      0.000000%
Class    B-5          675,244.53      0.15000923%         654,566.51    0.15736860%       0.158215%      0.000000%
Class    B-6                0.00      0.00000000%               0.00    0.00000000%       0.158038%      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         100,000.00       0.02221554%        100,000.00       0.02404165%
                      Fraud       9,002,706.51       2.00000000%      9,002,706.51       2.16439939%
             Special Hazard       8,468,415.41       1.88130434%      8,468,415.41       2.03594698%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                             Fixed 15 Year

 Weighted Average Gross Coupon                                         6.811564%
 Weighted Average Pass-Through Rate                                    6.250000%
 Weighted Average Maturity(Stepdown Calculation )                            168
 Beginning Scheduled Collateral Loan Count                                 1,210

 Number Of Loans Paid In Full                                                  6
 Ending Scheduled Collateral Loan Count                                    1,204
 Beginning Scheduled Collateral Balance                           420,011,734.64
 Ending Scheduled Collateral Balance                              415,944,791.18
 Ending Actual Collateral Balance at 31-Oct-1999                  418,637,155.29
 Ending Scheduled Balance For Norwest                             357,352,035.30
 Ending Scheduled Balance For Other Services                       58,592,755.88
 Monthly P &I Constant                                              3,793,418.30
 Class A Optimal Amount                                             6,160,050.31
 Class AP Deferred Amount                                                   0.00
 Ending Scheduled Balance for Premium Loans                       340,150,135.47
 Ending scheduled Balance For discounted Loans                     75,794,655.71
 Unpaid Principal Balance Of Outstanding Mortgage Loans
 With Original LTV:
     Less Than Or Equal To 80%                                    410,210,534.94
     Greater Than 80%, less than or equal to 85%                      776,575.93
     Greater than 85%, less than or equal to 95%                    5,092,969.41
     Greater than 95%                                                       0.00

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

















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