NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-5
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 1999-5 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 September 27, 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 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 1999-5 Trust

              By:   Norwest Bank Minnesota, N.A., as Master Servicer
              By:   /s/ Sherri J. Sharps, Vice President
              By:   Sherri J. Sharps, Vice President
              Date: 10/5/99


                                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 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: 1999-5
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%      1,792,064.12            0.00        7,580.52
    A-1        66937RML0         SEQ          6.25000%     70,857,006.49      369,046.91      600,153.18
    A-2        66937RMM8         SEQ          6.25000%     27,790,733.35      144,743.40      280,580.99
    A-3        66937RMN6         SEQ          6.25000%        949,072.00        4,943.08            0.00
    A-4        66937RMP1         SEQ          6.00000%     35,694,422.16      178,472.11      125,993.10
    A-5        66937RMQ9         SEQ          6.50000%     35,694,422.16      193,344.79      125,993.10
    A-6        66937RMR7         SEQ          6.25000%    140,822,097.09      733,448.42    1,374,818.08
    A-7        66937RMS5         SEQ          6.00000%     51,608,897.34      258,044.49      503,847.38
    A-8        66937RMT3         SEQ          6.50000%     51,608,897.34      279,548.19      503,847.38
    A-R        66937RMU0          R           6.25000%              0.00            0.00            0.00
    B-1        66937RMV8         SUB          6.25000%      3,307,906.00       17,228.68       11,676.15
    B-2        66937RMW6         SUB          6.25000%      1,764,673.79        9,191.01        6,228.89
    B-3        66937RMX4         SUB          6.25000%      1,543,232.21        8,037.67        5,447.25
    B-4        66937RNZ8         SUB          6.25000%        881,846.98        4,592.95        3,112.72
    B-5        66937RPA1         SUB          6.25000%        662,365.06        3,449.82        2,338.00
    B-6        66937RPB9         SUB          6.25000%        661,624.83        3,445.96          650.49
Totals                                                    425,639,260.92    2,207,537.48    3,552,267.23
</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           1,784,483.60                 7,580.52                      0.00
A-1                            0.00          70,256,853.31               969,200.09                      0.00
A-2                            0.00          27,510,152.36               425,324.39                      0.00
A-3                            0.00             949,072.00                 4,943.08                      0.00
A-4                            0.00          35,568,429.06               304,465.21                      0.00
A-5                            0.00          35,568,429.06               319,337.89                      0.00
A-6                            0.00         139,447,279.02             2,108,266.50                      0.00
A-7                            0.00          51,105,049.96               761,891.87                      0.00
A-8                            0.00          51,105,049.96               783,395.57                      0.00
A-R                            0.00                   0.00                     0.00                      0.00
B-1                            0.00           3,296,229.85                28,904.83                      0.00
B-2                            0.00           1,758,444.89                15,419.90                      0.00
B-3                            0.00           1,537,784.96                13,484.92                      0.00
B-4                            0.00             878,734.26                 7,705.67                      0.00
B-5                            0.00             660,027.07                 5,787.82                      0.00
B-6                        1,684.89             659,289.45                 4,096.45                  4,144.96
Totals                     1,684.89         422,085,308.81             5,759,804.71                  4,144.96
<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       1,792,064.12           6,582.04          998.48           0.00            0.00
A-1                  75,000,000.00      70,857,006.49         250,108.94      350,044.24           0.00            0.00
A-2                  29,756,080.00      27,790,733.35         101,444.90      179,136.09           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      35,694,422.16         125,993.10            0.00           0.00            0.00
A-5                  36,429,200.00      35,694,422.16         125,993.10            0.00           0.00            0.00
A-6                 150,452,094.00     140,822,097.09         497,069.62      877,748.45           0.00            0.00
A-7                  55,138,127.00      51,608,897.34         182,167.54      321,679.84           0.00            0.00
A-8                  55,138,127.00      51,608,897.34         182,167.54      321,679.84           0.00            0.00
A-R                         100.00               0.00               0.00            0.00           0.00            0.00
B-1                   3,376,000.00       3,307,906.00          11,676.15            0.00           0.00            0.00
B-2                   1,801,000.00       1,764,673.79           6,228.89            0.00           0.00            0.00
B-3                   1,575,000.00       1,543,232.21           5,447.25            0.00           0.00            0.00
B-4                     900,000.00         881,846.98           3,112.72            0.00           0.00            0.00
B-5                     676,000.00         662,365.06           2,338.00            0.00           0.00            0.00
B-6                     675,244.53         661,624.83             650.49            0.00           0.00        1,684.89
Totals              450,135,325.49     425,639,260.92       1,500,980.28    2,051,286.94           0.00        1,684.89
<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                              7,580.52          1,784,483.60           0.96978537          7,580.52
A-1                             600,153.18         70,256,853.31           0.93675804        600,153.18
A-2                             280,580.99         27,510,152.36           0.92452206        280,580.99
A-3                                   0.00            949,072.00           1.00000000              0.00
A-4                             125,993.10         35,568,429.06           0.97637140        125,993.10
A-5                             125,993.10         35,568,429.06           0.97637140        125,993.10
A-6                           1,374,818.08        139,447,279.02           0.92685502      1,374,818.08
A-7                             503,847.38         51,105,049.96           0.92685502        503,847.38
A-8                             503,847.38         51,105,049.96           0.92685502        503,847.38
A-R                                   0.00                  0.00           0.00000000              0.00
B-1                              11,676.15          3,296,229.85           0.97637140         11,676.15
B-2                               6,228.89          1,758,444.89           0.97637140          6,228.89
B-3                               5,447.25          1,537,784.96           0.97637140          5,447.25
B-4                               3,112.72            878,734.26           0.97637140          3,112.72
B-5                               2,338.00            660,027.07           0.97637141          2,338.00
B-6                               2,335.38            659,289.45           0.97637140            650.49
Totals                        3,553,952.12        422,085,308.81           0.93768537      3,552,267.23
</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        973.90503948         3.57703826          0.54262830        0.00000000
A-1                    75,000,000.00        944.76008653         3.33478587          4.66725653        0.00000000
A-2                    29,756,080.00        933.95142606         3.40921586          6.02015084        0.00000000
A-3                       949,072.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-4                    36,429,200.00        979.82997595         3.45857444          0.00000000        0.00000000
A-5                    36,429,200.00        979.82997595         3.45857444          0.00000000        0.00000000
A-6                   150,452,094.00        935.99293533         3.30383983          5.83407267        0.00000000
A-7                    55,138,127.00        935.99293534         3.30383983          5.83407267        0.00000000
A-8                    55,138,127.00        935.99293534         3.30383983          5.83407267        0.00000000
A-R                           100.00          0.00000000         0.00000000          0.00000000        0.00000000
B-1                     3,376,000.00        979.82997630         3.45857524          0.00000000        0.00000000
B-2                     1,801,000.00        979.82997779         3.45857301          0.00000000        0.00000000
B-3                     1,575,000.00        979.82997460         3.45857143          0.00000000        0.00000000
B-4                       900,000.00        979.82997778         3.45857778          0.00000000        0.00000000
B-5                       676,000.00        979.82997041         3.45857988          0.00000000        0.00000000
B-6                       675,244.53        979.82997359         0.96333990          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          4.11966656            969.78537292          0.96978537         4.11966656
A-1                     0.00000000          8.00204240            936.75804413          0.93675804         8.00204240
A-2                     0.00000000          9.42936670            924.52205936          0.92452206         9.42936670
A-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-4                     0.00000000          3.45857444            976.37140151          0.97637140         3.45857444
A-5                     0.00000000          3.45857444            976.37140151          0.97637140         3.45857444
A-6                     0.00000000          9.13791256            926.85502284          0.92685502         9.13791256
A-7                     0.00000000          9.13791250            926.85502284          0.92685502         9.13791250
A-8                     0.00000000          9.13791250            926.85502284          0.92685502         9.13791250
A-R                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
B-1                     0.00000000          3.45857524            976.37140107          0.97637140         3.45857524
B-2                     0.00000000          3.45857301            976.37139922          0.97637140         3.45857301
B-3                     0.00000000          3.45857143            976.37140317          0.97637140         3.45857143
B-4                     0.00000000          3.45857778            976.37140000          0.97637140         3.45857778
B-5                     0.00000000          3.45857988            976.37140533          0.97637141         3.45857988
B-6                     2.49522939          3.45856930            976.37140430          0.97637140         0.96333990
<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%       1,792,064.12                0.00           0.00             0.00
A-1                75,000,000.00        6.25000%      70,857,006.49          369,046.91           0.00             0.00
A-2                29,756,080.00        6.25000%      27,790,733.35          144,743.40           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%      35,694,422.16          178,472.11           0.00             0.00
A-5                36,429,200.00        6.50000%      35,694,422.16          193,344.79           0.00             0.00
A-6               150,452,094.00        6.25000%     140,822,097.09          733,448.42           0.00             0.00
A-7                55,138,127.00        6.00000%      51,608,897.34          258,044.49           0.00             0.00
A-8                55,138,127.00        6.50000%      51,608,897.34          279,548.19           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%       3,307,906.00           17,228.68           0.00             0.00
B-2                 1,801,000.00        6.25000%       1,764,673.79            9,191.01           0.00             0.00
B-3                 1,575,000.00        6.25000%       1,543,232.21            8,037.67           0.00             0.00
B-4                   900,000.00        6.25000%         881,846.98            4,592.95           0.00             0.00
B-5                   676,000.00        6.25000%         662,365.06            3,449.82           0.00             0.00
B-6                   675,244.53        6.25000%         661,624.83            3,445.96           0.00             0.00
Totals            450,135,325.49                                           2,207,537.48           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       1,784,483.60
 A-1                            0.00                0.00           369,046.91                0.00      70,256,853.31
 A-2                            0.00                0.00           144,743.40                0.00      27,510,152.36
 A-3                            0.00                0.00             4,943.08                0.00         949,072.00
 A-4                            0.00                0.00           178,472.11                0.00      35,568,429.06
 A-5                            0.00                0.00           193,344.79                0.00      35,568,429.06
 A-6                            0.00                0.00           733,448.42                0.00     139,447,279.02
 A-7                            0.00                0.00           258,044.49                0.00      51,105,049.96
 A-8                            0.00                0.00           279,548.19                0.00      51,105,049.96
 A-R                            0.00                0.00                 0.00                0.00               0.00
 B-1                            0.00                0.00            17,228.68                0.00       3,296,229.85
 B-2                            0.00                0.00             9,191.01                0.00       1,758,444.89
 B-3                            0.00                0.00             8,037.67                0.00       1,537,784.96
 B-4                            0.00                0.00             4,592.95                0.00         878,734.26
 B-5                            0.00                0.00             3,449.82                0.00         660,027.07
 B-6                            0.00                0.00             3,445.96                0.00         659,289.45
 Totals                         0.00                0.00         2,207,537.48                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%         973.90503948        0.00000000        0.00000000        0.00000000
A-1                  75,000,000.00        6.25000%         944.76008653        4.92062547        0.00000000        0.00000000
A-2                  29,756,080.00        6.25000%         933.95142606        4.86433025        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%         979.82997595        4.89914986        0.00000000        0.00000000
A-5                  36,429,200.00        6.50000%         979.82997595        5.30741246        0.00000000        0.00000000
A-6                 150,452,094.00        6.25000%         935.99293533        4.87496319        0.00000000        0.00000000
A-7                  55,138,127.00        6.00000%         935.99293534        4.67996474        0.00000000        0.00000000
A-8                  55,138,127.00        6.50000%         935.99293534        5.06996166        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%         979.82997630        5.10328199        0.00000000        0.00000000
B-2                   1,801,000.00        6.25000%         979.82997779        5.10328151        0.00000000        0.00000000
B-3                   1,575,000.00        6.25000%         979.82997460        5.10328254        0.00000000        0.00000000
B-4                     900,000.00        6.25000%         979.82997778        5.10327778        0.00000000        0.00000000
B-5                     676,000.00        6.25000%         979.82997041        5.10328402        0.00000000        0.00000000
B-6                     675,244.53        6.25000%         979.82997359        5.10327718        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          969.78537292
A-1                   0.00000000        0.00000000         4.92062547          0.00000000          936.75804413
A-2                   0.00000000        0.00000000         4.86433025          0.00000000          924.52205936
A-3                   0.00000000        0.00000000         5.20832982          0.00000000         1000.00000000
A-4                   0.00000000        0.00000000         4.89914986          0.00000000          976.37140151
A-5                   0.00000000        0.00000000         5.30741246          0.00000000          976.37140151
A-6                   0.00000000        0.00000000         4.87496319          0.00000000          926.85502284
A-7                   0.00000000        0.00000000         4.67996474          0.00000000          926.85502284
A-8                   0.00000000        0.00000000         5.06996166          0.00000000          926.85502284
A-R                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
B-1                   0.00000000        0.00000000         5.10328199          0.00000000          976.37140107
B-2                   0.00000000        0.00000000         5.10328151          0.00000000          976.37139922
B-3                   0.00000000        0.00000000         5.10328254          0.00000000          976.37140317
B-4                   0.00000000        0.00000000         5.10327778          0.00000000          976.37140000
B-5                   0.00000000        0.00000000         5.10328402          0.00000000          976.37140533
B-6                   0.00000000        0.00000000         5.10327718          0.00000000          976.37140430
<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                                                                                   75,374.12
Deposits
    Payments of Interest and Principal                                                           5,896,295.22
    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                                                                                   5,896,295.22

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                          93,564.13
    Payment of Interest and Principal                                                            5,759,804.73
Total Withdrawals (Pool Distribution Amount)                                                     5,853,368.86

Ending Balance                                                                                     118,300.48

</TABLE>
<TABLE>
<CAPTION>

                                            PREPAYMENT/CURTAILMENT INTEREST SHORTFALL


<S>                                                                                   <C>
Total Prepayment/Curtailment Interest Shortfall                                                      1,070.55
Servicing Fee Support                                                                                1,070.55

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

                                                         SERVICING FEES


<S>                                                                                   <C>
Gross Servicing Fee                                                                                 88,609.25
Master Servicing Fee                                                                                 6,025.43
Supported Prepayment/Curtailment Interest Shortfall                                                  1,070.55
Net Servicing Fee                                                                                   93,564.13

</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        411,537.96               0.082576%          0.097501%
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        411,537.96               0.082576%          0.097501%
</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION
<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                       1,684.89
Cumulative Realized Losses - Includes Interest Shortfall                                         4,144.96
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00

Periodic Advance                                                                               491,689.81
</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%       8,790,510.48    2.08263834%      97.908519%    100.000000%
Class    B-1        5,627,244.53      1.25012284%       5,494,280.63    1.30169909%       0.784255%      0.000000%
Class    B-2        3,826,244.53      0.85002094%       3,735,835.74    0.88509021%       0.418378%      0.000000%
Class    B-3        2,251,244.53      0.50012616%       2,198,050.78    0.52075984%       0.365877%      0.000000%
Class    B-4        1,351,244.53      0.30018629%       1,319,316.52    0.31257106%       0.209073%      0.000000%
Class    B-5          675,244.53      0.15000923%         659,289.45    0.15619815%       0.157037%      0.000000%
Class    B-6                0.00      0.00000000%               0.00    0.00000000%       0.156861%      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       0.02369189%
                      Fraud       9,002,706.51       2.00000000%      9,002,706.51       2.13291160%
             Special Hazard       8,468,415.41       1.88130434%      8,468,415.41       2.00632792%
<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                                         6.806064%
 Weighted Average Pass-Through Rate                                    6.250000%
 Weighted Average Maturity(Stepdown Calculation )                            170
 Beginning Scheduled Collateral Loan Count                                 1,215

 Number Of Loans Paid In Full                                                  4
 Ending Scheduled Collateral Loan Count                                    1,211
 Beginning Scheduled Collateral Balance                           425,639,260.93
 Ending Scheduled Collateral Balance                              422,085,308.79
 Ending Actual Collateral Balance at 31-Aug-1999                   59,474,750.02
 Ending Scheduled Balance For Norwest                             362,775,602.42
 Ending Scheduled Balance For Other Services                       59,309,706.37
 Monthly P &I Constant                                              3,808,395.87
 Class A Optimal Amount                                             5,676,824.59
 Class AP Deferred Amount                                                   0.00
 Ending Scheduled Balance for Premium Loans                       345,283,159.63
 Ending scheduled Balance For discounted Loans                     76,802,149.16
 Unpaid Principal Balance Of Outstanding Mortgage Loans
 With Original LTV:
     Less Than Or Equal To 80%                                    416,292,436.34
     Greater Than 80%, less than or equal to 85%                      782,751.48
     Greater than 85%, less than or equal to 95%                    5,129,138.35
     Greater than 95%                                                       0.00

 </TABLE>


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