NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-5
8-K, 2000-01-06
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):  December 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 December 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 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 1999-5 Trust

              By:   Norwest Bank Minnesota, N.A., as Master Servicer
              By:   /s/ Sherri J. Sharps, Vice President
              By:   Sherri J. Sharps, Vice President
              Date: 12/28/99


                                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 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: 1999-5
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>
    A-PO       NMB9905PO         PO           0.00000%      1,762,071.89            0.00        7,719.30
    A-1        66937RML0         SEQ          6.25000%     69,223,064.83      360,536.80      586,197.61
    A-2        66937RMM8         SEQ          6.25000%     27,034,799.47      140,806.25      272,863.87
    A-3        66937RMN6         SEQ          6.25000%        949,072.00        4,943.08            0.00
    A-4        66937RMP1         SEQ          6.00000%     35,313,628.10      176,568.14      128,723.40
    A-5        66937RMQ9         SEQ          6.50000%     35,313,628.10      191,282.15      128,723.40
    A-6        66937RMR7         SEQ          6.25000%    137,118,098.63      714,156.76    1,337,004.96
    A-7        66937RMS5         SEQ          6.00000%     50,251,445.06      251,257.23      489,989.52
    A-8        66937RMT3         SEQ          6.50000%     50,251,445.06      272,195.33      489,989.52
    A-R        66937RMU0          R           6.25000%              0.00           67.89            0.00
    B-1        66937RMV8         SUB          6.25000%      3,272,616.70       17,044.88       11,929.17
    B-2        66937RMW6         SUB          6.25000%      1,745,847.95        9,092.96        6,363.87
    B-3        66937RMX4         SUB          6.25000%      1,526,768.75        7,951.92        5,565.30
    B-4        66937RNZ8         SUB          6.25000%        872,439.29        4,543.95        3,180.17
    B-5        66937RPA1         SUB          6.25000%        655,298.84        3,413.01        2,388.66
    B-6        66937RPB9         SUB          6.25000%        654,566.51        3,409.20        2,385.99
Totals                                                    415,944,791.18    2,157,269.55    3,473,024.74
</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           1,754,352.58                 7,719.30                      0.00
A-1                            0.00          68,636,867.21               946,734.41                      0.00
A-2                            0.00          26,761,935.60               413,670.12                      0.00
A-3                            0.00             949,072.00                 4,943.08                      0.00
A-4                            0.00          35,184,904.69               305,291.54                      0.00
A-5                            0.00          35,184,904.69               320,005.55                      0.00
A-6                            0.00         135,781,093.68             2,051,161.72                      0.00
A-7                            0.00          49,761,455.55               741,246.75                      0.00
A-8                            0.00          49,761,455.55               762,184.85                      0.00
A-R                            0.00                   0.00                    67.89                      0.00
B-1                            0.00           3,260,687.53                28,974.05                      0.00
B-2                            0.00           1,739,484.08                15,456.83                      0.00
B-3                            0.00           1,521,203.45                13,517.22                      0.00
B-4                            0.00             869,259.12                 7,724.12                      0.00
B-5                            0.00             652,910.18                 5,801.67                      0.00
B-6                            0.00             652,180.52                 5,795.19                  4,199.38
Totals                         0.00         412,471,766.43             5,630,294.29                  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       1,762,071.89           6,729.13          990.17           0.00            0.00
A-1                  75,000,000.00      69,223,064.83         252,328.32      333,869.29           0.00            0.00
A-2                  29,756,080.00      27,034,799.47         102,005.36      170,858.51           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      35,313,628.10         128,723.40            0.00           0.00            0.00
A-5                  36,429,200.00      35,313,628.10         128,723.40            0.00           0.00            0.00
A-6                 150,452,094.00     137,118,098.63         499,815.77      837,189.18           0.00            0.00
A-7                  55,138,127.00      50,251,445.06         183,173.96      306,815.56           0.00            0.00
A-8                  55,138,127.00      50,251,445.06         183,173.96      306,815.56           0.00            0.00
A-R                         100.00               0.00               0.00            0.00           0.00            0.00
B-1                   3,376,000.00       3,272,616.70          11,929.17            0.00           0.00            0.00
B-2                   1,801,000.00       1,745,847.95           6,363.87            0.00           0.00            0.00
B-3                   1,575,000.00       1,526,768.75           5,565.30            0.00           0.00            0.00
B-4                     900,000.00         872,439.29           3,180.17            0.00           0.00            0.00
B-5                     676,000.00         655,298.84           2,388.66            0.00           0.00            0.00
B-6                     675,244.53         654,566.51           2,385.99            0.00           0.00            0.00
Totals              450,135,325.49     415,944,791.18       1,516,486.46    1,956,538.27           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                              7,719.30          1,754,352.58           0.95341054          7,719.30
A-1                             586,197.61         68,636,867.21           0.91515823        586,197.61
A-2                             272,863.87         26,761,935.60           0.89937706        272,863.87
A-3                                   0.00            949,072.00           1.00000000              0.00
A-4                             128,723.40         35,184,904.69           0.96584346        128,723.40
A-5                             128,723.40         35,184,904.69           0.96584346        128,723.40
A-6                           1,337,004.96        135,781,093.68           0.90248723      1,337,004.96
A-7                             489,989.52         49,761,455.55           0.90248723        489,989.52
A-8                             489,989.52         49,761,455.55           0.90248723        489,989.52
A-R                                   0.00                  0.00           0.00000000              0.00
B-1                              11,929.17          3,260,687.53           0.96584346         11,929.17
B-2                               6,363.87          1,739,484.08           0.96584346          6,363.87
B-3                               5,565.30          1,521,203.45           0.96584346          5,565.30
B-4                               3,180.17            869,259.12           0.96584347          3,180.17
B-5                               2,388.66            652,910.18           0.96584346          2,388.66
B-6                               2,385.99            652,180.52           0.96584347          2,385.99
Totals                        3,473,024.74        412,471,766.43           0.91632836      3,473,024.74
</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        957.60563166         3.65697496          0.53811219        0.00000000
A-1                    75,000,000.00        922.97419773         3.36437760          4.45159053        0.00000000
A-2                    29,756,080.00        908.54707576         3.42805101          5.74196971        0.00000000
A-3                       949,072.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-4                    36,429,200.00        969.37698604         3.53352256          0.00000000        0.00000000
A-5                    36,429,200.00        969.37698604         3.53352256          0.00000000        0.00000000
A-6                   150,452,094.00        911.37381331         3.32209248          5.56449005        0.00000000
A-7                    55,138,127.00        911.37381326         3.32209253          5.56449007        0.00000000
A-8                    55,138,127.00        911.37381326         3.32209253          5.56449007        0.00000000
A-R                           100.00          0.00000000         0.00000000          0.00000000        0.00000000
B-1                     3,376,000.00        969.37698460         3.53352192          0.00000000        0.00000000
B-2                     1,801,000.00        969.37698501         3.53352027          0.00000000        0.00000000
B-3                     1,575,000.00        969.37698413         3.53352381          0.00000000        0.00000000
B-4                       900,000.00        969.37698889         3.53352222          0.00000000        0.00000000
B-5                       676,000.00        969.37698225         3.53352071          0.00000000        0.00000000
B-6                       675,244.53        969.37698999         3.53351992          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          4.19508716            953.41053907          0.95341054         4.19508716
A-1                     0.00000000          7.81596813            915.15822947          0.91515823         7.81596813
A-2                     0.00000000          9.17002072            899.37705504          0.89937706         9.17002072
A-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-4                     0.00000000          3.53352256            965.84346321          0.96584346         3.53352256
A-5                     0.00000000          3.53352256            965.84346321          0.96584346         3.53352256
A-6                     0.00000000          8.88658260            902.48723079          0.90248723         8.88658260
A-7                     0.00000000          8.88658260            902.48723084          0.90248723         8.88658260
A-8                     0.00000000          8.88658260            902.48723084          0.90248723         8.88658260
A-R                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
B-1                     0.00000000          3.53352192            965.84346268          0.96584346         3.53352192
B-2                     0.00000000          3.53352027            965.84346474          0.96584346         3.53352027
B-3                     0.00000000          3.53352381            965.84346032          0.96584346         3.53352381
B-4                     0.00000000          3.53352222            965.84346667          0.96584347         3.53352222
B-5                     0.00000000          3.53352071            965.84346154          0.96584346         3.53352071
B-6                     0.00000000          3.53351992            965.84347007          0.96584347         3.53351992
<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%       1,762,071.89                0.00           0.00             0.00
A-1                75,000,000.00        6.25000%      69,223,064.83          360,536.80           0.00             0.00
A-2                29,756,080.00        6.25000%      27,034,799.47          140,806.25           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%      35,313,628.10          176,568.14           0.00             0.00
A-5                36,429,200.00        6.50000%      35,313,628.10          191,282.15           0.00             0.00
A-6               150,452,094.00        6.25000%     137,118,098.63          714,156.76           0.00             0.00
A-7                55,138,127.00        6.00000%      50,251,445.06          251,257.23           0.00             0.00
A-8                55,138,127.00        6.50000%      50,251,445.06          272,195.33           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%       3,272,616.70           17,044.88           0.00             0.00
B-2                 1,801,000.00        6.25000%       1,745,847.95            9,092.96           0.00             0.00
B-3                 1,575,000.00        6.25000%       1,526,768.75            7,951.92           0.00             0.00
B-4                   900,000.00        6.25000%         872,439.29            4,543.95           0.00             0.00
B-5                   676,000.00        6.25000%         655,298.84            3,413.01           0.00             0.00
B-6                   675,244.53        6.25000%         654,566.51            3,409.20           0.00             0.00
Totals            450,135,325.49                                           2,157,201.66           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       1,754,352.58
 A-1                            0.00                0.00           360,536.80                0.00      68,636,867.21
 A-2                            0.00                0.00           140,806.25                0.00      26,761,935.60
 A-3                            0.00                0.00             4,943.08                0.00         949,072.00
 A-4                            0.00                0.00           176,568.14                0.00      35,184,904.69
 A-5                            0.00                0.00           191,282.15                0.00      35,184,904.69
 A-6                            0.00                0.00           714,156.76                0.00     135,781,093.68
 A-7                            0.00                0.00           251,257.23                0.00      49,761,455.55
 A-8                            0.00                0.00           272,195.33                0.00      49,761,455.55
 A-R                            0.00                0.00                67.89                0.00               0.00
 B-1                            0.00                0.00            17,044.88                0.00       3,260,687.53
 B-2                            0.00                0.00             9,092.96                0.00       1,739,484.08
 B-3                            0.00                0.00             7,951.92                0.00       1,521,203.45
 B-4                            0.00                0.00             4,543.95                0.00         869,259.12
 B-5                            0.00                0.00             3,413.01                0.00         652,910.18
 B-6                            0.00                0.00             3,409.20                0.00         652,180.52
 Totals                         0.00                0.00         2,157,269.55                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%         957.60563166        0.00000000        0.00000000        0.00000000
A-1                  75,000,000.00        6.25000%         922.97419773        4.80715733        0.00000000        0.00000000
A-2                  29,756,080.00        6.25000%         908.54707576        4.73201611        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%         969.37698604        4.84688492        0.00000000        0.00000000
A-5                  36,429,200.00        6.50000%         969.37698604        5.25079195        0.00000000        0.00000000
A-6                 150,452,094.00        6.25000%         911.37381331        4.74673859        0.00000000        0.00000000
A-7                  55,138,127.00        6.00000%         911.37381326        4.55686915        0.00000000        0.00000000
A-8                  55,138,127.00        6.50000%         911.37381326        4.93660820        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%         969.37698460        5.04883886        0.00000000        0.00000000
B-2                   1,801,000.00        6.25000%         969.37698501        5.04883953        0.00000000        0.00000000
B-3                   1,575,000.00        6.25000%         969.37698413        5.04883810        0.00000000        0.00000000
B-4                     900,000.00        6.25000%         969.37698889        5.04883333        0.00000000        0.00000000
B-5                     676,000.00        6.25000%         969.37698225        5.04883136        0.00000000        0.00000000
B-6                     675,244.53        6.25000%         969.37698999        5.04883764        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          953.41053907
A-1                   0.00000000        0.00000000         4.80715733          0.00000000          915.15822947
A-2                   0.00000000        0.00000000         4.73201611          0.00000000          899.37705504
A-3                   0.00000000        0.00000000         5.20832982          0.00000000         1000.00000000
A-4                   0.00000000        0.00000000         4.84688492          0.00000000          965.84346321
A-5                   0.00000000        0.00000000         5.25079195          0.00000000          965.84346321
A-6                   0.00000000        0.00000000         4.74673859          0.00000000          902.48723079
A-7                   0.00000000        0.00000000         4.55686915          0.00000000          902.48723084
A-8                   0.00000000        0.00000000         4.93660820          0.00000000          902.48723084
A-R                   0.00000000        0.00000000       678.90000000          0.00000000            0.00000000
B-1                   0.00000000        0.00000000         5.04883886          0.00000000          965.84346268
B-2                   0.00000000        0.00000000         5.04883953          0.00000000          965.84346474
B-3                   0.00000000        0.00000000         5.04883810          0.00000000          965.84346032
B-4                   0.00000000        0.00000000         5.04883333          0.00000000          965.84346667
B-5                   0.00000000        0.00000000         5.04883136          0.00000000          965.84346154
B-6                   0.00000000        0.00000000         5.04883764          0.00000000          965.84347007
<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                                                                                  100,788.60
Deposits
    Payments of Interest and Principal                                                           5,795,609.12
    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                                                                                   5,795,609.12

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                          91,799.85
    Payment of Interest and Principal                                                            5,630,294.30
Total Withdrawals (Pool Distribution Amount)                                                     5,722,094.15

Ending Balance                                                                                     174,303.56

</TABLE>
<TABLE>
<CAPTION>

                                            PREPAYMENT/CURTAILMENT INTEREST SHORTFALL


<S>                                                                                   <C>
Total Prepayment/Curtailment Interest Shortfall                                                        746.12
Servicing Fee Support                                                                                  746.12
Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>

                                                         SERVICING FEES


<S>                                                                                   <C>
Gross Servicing Fee                                                                                 86,653.54
Master Servicing Fee                                                                                 5,892.44
Supported Prepayment/Curtailment Interest Shortfall                                                    746.12
Net Servicing Fee                                                                                   91,799.85

</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                                   0              0.00               0.000000%          0.000000%
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                                    0              0.00               0.000000%          0.000000%
</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                                                                               519,843.70
</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%       8,695,724.88    2.10819881%      97.882796%    100.000000%
Class    B-1        5,627,244.53      1.25012284%       5,435,037.35    1.31767500%       0.793900%      0.000000%
Class    B-2        3,826,244.53      0.85002094%       3,695,553.27    0.89595303%       0.423523%      0.000000%
Class    B-3        2,251,244.53      0.50012616%       2,174,349.82    0.52715119%       0.370377%      0.000000%
Class    B-4        1,351,244.53      0.30018629%       1,305,090.70    0.31640728%       0.211644%      0.000000%
Class    B-5          675,244.53      0.15000923%         652,180.52    0.15811519%       0.158968%      0.000000%
Class    B-6                0.00      0.00000000%               0.00    0.00000000%       0.158791%      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         100,000.00       0.02221554%        100,000.00       0.02424408%
                      Fraud       9,002,706.51       2.00000000%      9,002,706.51       2.18262370%
             Special Hazard       8,468,415.41       1.88130434%      8,468,415.41       2.05308971%
<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                                         6.806292%
 Weighted Average Pass-Through Rate                                    6.250000%
 Weighted Average Maturity(Stepdown Calculation )                            167
 Beginning Scheduled Collateral Loan Count                                 1,204

 Number Of Loans Paid In Full                                                  6
 Ending Scheduled Collateral Loan Count                                    1,198
 Beginning Scheduled Collateral Balance                           415,944,791.18
 Ending Scheduled Collateral Balance                              412,471,766.43
 Ending Actual Collateral Balance at 30-Nov-1999                  415,000,112.44
 Ending Scheduled Balance For Norwest                             354,355,316.77
 Ending Scheduled Balance For Other Services                       58,116,449.66
 Monthly P &I Constant                                              3,771,580.35
 Class A Optimal Amount                                             5,545,238.01
 Class AP Deferred Amount                                                   0.00
 Ending Scheduled Balance for Premium Loans                       337,006,001.77
 Ending scheduled Balance For discounted Loans                     75,465,764.66
 Unpaid Principal Balance Of Outstanding Mortgage Loans
 With Original LTV:
     Less Than Or Equal To 80%                                    406,732,740.95
     Greater Than 80%, less than or equal to 85%                      773,462.74
     Greater than 85%, less than or equal to 95%                    5,071,136.82
     Greater than 95%                                                       0.00

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

















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