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Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-7, 8-K, 1999-12-10 |
Next: NORWEST ASSET SECURITIES CORP MOR PAS THR CER SER 1999-10 TR, 8-K, 1999-12-10 |
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 1999-8 Trust
New York (governing law of 333-65481-11 52-2166524
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 1999-8
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
1999-8 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 1999-8 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 1999-8 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: 1999-8
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
APO NMB9908PO PO 0.00000% 712,822.32 0.00 1,614.32
A-1 66937RPM5 SEQ 6.50000% 63,377,997.59 343,297.49 639,743.06
A-2 66937RPN3 SEQ 6.50000% 2,000,000.00 10,833.33 0.00
A-3 66937RPP8 SEQ 6.50000% 47,712,953.60 258,445.17 41,159.04
A-4 66937RPQ6 SEQ 6.50000% 23,499,747.77 127,290.30 255,192.62
A-5 66937RPR4 SEQ 6.50000% 1,781,647.00 9,650.59 0.00
A-6 66937RPS2 SEQ 6.50000% 9,517,969.37 51,555.67 417,940.44
A-7 66937RPT0 SEQ 6.50000% 25,000,000.00 135,416.67 0.00
A-8 66937RPU7 SEQ 6.50000% 48,885,369.00 264,795.75 0.00
A-9 66937RPV5 SEQ 6.50000% 210,515,269.58 1,140,291.04 2,548,899.76
A-10 66937RPW3 PO 0.00000% 1,715,299.00 0.00 0.00
A-11 66937RPX1 SEQ 7.00000% 4,642,000.00 27,078.33 0.00
A-12 66937RPY9 SEQ 7.00000% 3,520,000.00 20,533.33 0.00
A-13 66937RPZ6 SEQ 7.00000% 9,136,875.00 53,298.44 0.00
A-14 66937RQA0 SEQ 7.00000% 5,000,000.00 29,166.67 0.00
A-15 66937RQB8 SEQ 6.50000% 497,085.26 2,692.55 428.80
A-R 66937RQC6 R 6.50000% 0.00 0.00 0.00
B-1 66937RQD4 SUB 6.50000% 6,959,193.68 37,695.63 6,003.27
B-2 66937RQE2 SUB 6.50000% 6,710,651.04 36,349.36 5,788.87
B-3 66937RQF9 SUB 6.50000% 2,236,883.68 12,116.45 1,929.62
B-4 66937RRW1 SUB 6.50000% 1,491,255.79 8,077.64 1,286.41
B-5 66937RRX9 SUB 6.50000% 994,170.53 5,385.09 857.61
B-6 66937RRY7 SUB 6.50000% 994,908.70 5,389.09 666.39
Totals 476,902,098.91 2,579,358.59 3,921,510.21
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
APO 0.00 711,208.00 1,614.32 0.00
A-1 0.00 62,738,254.53 983,040.55 0.00
A-2 0.00 2,000,000.00 10,833.33 0.00
A-3 0.00 47,671,794.56 299,604.21 0.00
A-4 0.00 23,244,555.16 382,482.92 0.00
A-5 0.00 1,781,647.00 9,650.59 0.00
A-6 0.00 9,100,028.93 469,496.11 0.00
A-7 0.00 25,000,000.00 135,416.67 0.00
A-8 0.00 48,885,369.00 264,795.75 0.00
A-9 0.00 207,966,369.82 3,689,190.80 0.00
A-10 0.00 1,715,299.00 0.00 0.00
A-11 0.00 4,642,000.00 27,078.33 0.00
A-12 0.00 3,520,000.00 20,533.33 0.00
A-13 0.00 9,136,875.00 53,298.44 0.00
A-14 0.00 5,000,000.00 29,166.67 0.00
A-15 0.00 496,656.46 3,121.35 0.00
A-R 0.00 0.00 0.00 0.00
B-1 0.00 6,953,190.41 43,698.90 0.00
B-2 0.00 6,704,862.18 42,138.23 0.00
B-3 0.00 2,234,954.06 14,046.07 0.00
B-4 0.00 1,489,969.37 9,364.05 0.00
B-5 0.00 993,312.92 6,242.70 0.00
B-6 191.86 994,050.45 6,055.48 1,921.15
Totals 191.86 472,980,396.85 6,500,868.80 1,921.15
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
APO 718,195.09 712,822.32 681.81 932.51 0.00 0.00
A-1 67,138,984.00 63,377,997.59 58,389.87 581,353.20 0.00 0.00
A-2 2,000,000.00 2,000,000.00 0.00 0.00 0.00 0.00
A-3 47,992,726.00 47,712,953.60 41,159.04 0.00 0.00 0.00
A-4 25,000,000.00 23,499,747.77 23,291.64 231,900.98 0.00 0.00
A-5 1,781,647.00 1,781,647.00 0.00 0.00 0.00 0.00
A-6 11,975,000.00 9,517,969.37 38,145.76 379,794.67 0.00 0.00
A-7 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00
A-8 48,885,369.00 48,885,369.00 0.00 0.00 0.00 0.00
A-9 225,500,000.00 210,515,269.58 232,640.15 2,316,259.61 0.00 0.00
A-10 1,715,299.00 1,715,299.00 0.00 0.00 0.00 0.00
A-11 4,642,000.00 4,642,000.00 0.00 0.00 0.00 0.00
A-12 3,520,000.00 3,520,000.00 0.00 0.00 0.00 0.00
A-13 9,136,875.00 9,136,875.00 0.00 0.00 0.00 0.00
A-14 5,000,000.00 5,000,000.00 0.00 0.00 0.00 0.00
A-15 500,000.00 497,085.26 428.80 0.00 0.00 0.00
A-R 100.00 0.00 0.00 0.00 0.00 0.00
B-1 7,000,000.00 6,959,193.68 6,003.27 0.00 0.00 0.00
B-2 6,750,000.00 6,710,651.04 5,788.87 0.00 0.00 0.00
B-3 2,250,000.00 2,236,883.68 1,929.62 0.00 0.00 0.00
B-4 1,500,000.00 1,491,255.79 1,286.41 0.00 0.00 0.00
B-5 1,000,000.00 994,170.53 857.61 0.00 0.00 0.00
B-6 1,000,742.50 994,908.70 666.39 0.00 0.00 191.86
Totals 500,006,937.59 476,902,098.91 411,269.24 3,510,240.97 0.00 191.86
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
APO 1,614.32 711,208.00 0.99027132 1,614.32
A-1 639,743.06 62,738,254.53 0.93445344 639,743.06
A-2 0.00 2,000,000.00 1.00000000 0.00
A-3 41,159.04 47,671,794.56 0.99331291 41,159.04
A-4 255,192.62 23,244,555.16 0.92978221 255,192.62
A-5 0.00 1,781,647.00 1.00000000 0.00
A-6 417,940.44 9,100,028.93 0.75991891 417,940.44
A-7 0.00 25,000,000.00 1.00000000 0.00
A-8 0.00 48,885,369.00 1.00000000 0.00
A-9 2,548,899.76 207,966,369.82 0.92224554 2,548,899.76
A-10 0.00 1,715,299.00 1.00000000 0.00
A-11 0.00 4,642,000.00 1.00000000 0.00
A-12 0.00 3,520,000.00 1.00000000 0.00
A-13 0.00 9,136,875.00 1.00000000 0.00
A-14 0.00 5,000,000.00 1.00000000 0.00
A-15 428.80 496,656.46 0.99331292 428.80
A-R 0.00 0.00 0.00000000 0.00
B-1 6,003.27 6,953,190.41 0.99331292 6,003.27
B-2 5,788.87 6,704,862.18 0.99331292 5,788.87
B-3 1,929.62 2,234,954.06 0.99331292 1,929.62
B-4 1,286.41 1,489,969.37 0.99331291 1,286.41
B-5 857.61 993,312.92 0.99331292 857.61
B-6 858.25 994,050.45 0.99331292 666.39
Totals 3,921,702.07 472,980,396.85 0.94594767 3,921,510.21
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
APO 718,195.09 992.51906609 0.94933815 1.29840765 0.00000000
A-1 67,138,984.00 943.98207739 0.86968653 8.65895141 0.00000000
A-2 2,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 47,992,726.00 994.17052492 0.85760996 0.00000000 0.00000000
A-4 25,000,000.00 939.98991080 0.93166560 9.27603920 0.00000000
A-5 1,781,647.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 11,975,000.00 794.81998914 3.18544969 31.71563006 0.00000000
A-7 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 48,885,369.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-9 225,500,000.00 933.54886732 1.03166364 10.27166124 0.00000000
A-10 1,715,299.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-11 4,642,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-12 3,520,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-13 9,136,875.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-14 5,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-15 500,000.00 994.17052000 0.85760000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,000,000.00 994.17052571 0.85761000 0.00000000 0.00000000
B-2 6,750,000.00 994.17052444 0.85761037 0.00000000 0.00000000
B-3 2,250,000.00 994.17052444 0.85760889 0.00000000 0.00000000
B-4 1,500,000.00 994.17052667 0.85760667 0.00000000 0.00000000
B-5 1,000,000.00 994.17053000 0.85761000 0.00000000 0.00000000
B-6 1,000,742.50 994.17052838 0.66589557 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination, except Class A-R, which is Per $100 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
APO 0.00000000 2.24774580 990.27132029 0.99027132 2.24774580
A-1 0.00000000 9.52863779 934.45343960 0.93445344 9.52863779
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.85760996 993.31291496 0.99331291 0.85760996
A-4 0.00000000 10.20770480 929.78220640 0.92978221 10.20770480
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 34.90108058 759.91890856 0.75991891 34.90108058
A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-9 0.00000000 11.30332488 922.24554244 0.92224554 11.30332488
A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-14 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-15 0.00000000 0.85760000 993.31292000 0.99331292 0.85760000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.85761000 993.31291571 0.99331292 0.85761000
B-2 0.00000000 0.85761037 993.31291556 0.99331292 0.85761037
B-3 0.00000000 0.85760889 993.31291556 0.99331292 0.85760889
B-4 0.00000000 0.85760667 993.31291333 0.99331291 0.85760667
B-5 0.00000000 0.85761000 993.31292000 0.99331292 0.85761000
B-6 0.19171765 0.85761322 993.31291516 0.99331292 0.66589557
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
APO 718,195.09 0.00000% 712,822.32 0.00 0.00 0.00
A-1 67,138,984.00 6.50000% 63,377,997.59 343,297.49 0.00 0.00
A-2 2,000,000.00 6.50000% 2,000,000.00 10,833.33 0.00 0.00
A-3 47,992,726.00 6.50000% 47,712,953.60 258,445.17 0.00 0.00
A-4 25,000,000.00 6.50000% 23,499,747.77 127,290.30 0.00 0.00
A-5 1,781,647.00 6.50000% 1,781,647.00 9,650.59 0.00 0.00
A-6 11,975,000.00 6.50000% 9,517,969.37 51,555.67 0.00 0.00
A-7 25,000,000.00 6.50000% 25,000,000.00 135,416.67 0.00 0.00
A-8 48,885,369.00 6.50000% 48,885,369.00 264,795.75 0.00 0.00
A-9 225,500,000.00 6.50000% 210,515,269.58 1,140,291.04 0.00 0.00
A-10 1,715,299.00 0.00000% 1,715,299.00 0.00 0.00 0.00
A-11 4,642,000.00 7.00000% 4,642,000.00 27,078.33 0.00 0.00
A-12 3,520,000.00 7.00000% 3,520,000.00 20,533.33 0.00 0.00
A-13 9,136,875.00 7.00000% 9,136,875.00 53,298.44 0.00 0.00
A-14 5,000,000.00 7.00000% 5,000,000.00 29,166.67 0.00 0.00
A-15 500,000.00 6.50000% 497,085.26 2,692.55 0.00 0.00
A-R 100.00 6.50000% 0.00 0.00 0.00 0.00
B-1 7,000,000.00 6.50000% 6,959,193.68 37,695.63 0.00 0.00
B-2 6,750,000.00 6.50000% 6,710,651.04 36,349.36 0.00 0.00
B-3 2,250,000.00 6.50000% 2,236,883.68 12,116.45 0.00 0.00
B-4 1,500,000.00 6.50000% 1,491,255.79 8,077.64 0.00 0.00
B-5 1,000,000.00 6.50000% 994,170.53 5,385.09 0.00 0.00
B-6 1,000,742.50 6.50000% 994,908.70 5,389.09 0.00 0.00
Totals 500,006,937.59 2,579,358.59 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
APO 0.00 0.00 0.00 0.00 711,208.00
A-1 0.00 0.00 343,297.49 0.00 62,738,254.53
A-2 0.00 0.00 10,833.33 0.00 2,000,000.00
A-3 0.00 0.00 258,445.17 0.00 47,671,794.56
A-4 0.00 0.00 127,290.30 0.00 23,244,555.16
A-5 0.00 0.00 9,650.59 0.00 1,781,647.00
A-6 0.00 0.00 51,555.67 0.00 9,100,028.93
A-7 0.00 0.00 135,416.67 0.00 25,000,000.00
A-8 0.00 0.00 264,795.75 0.00 48,885,369.00
A-9 0.00 0.00 1,140,291.04 0.00 207,966,369.82
A-10 0.00 0.00 0.00 0.00 1,715,299.00
A-11 0.00 0.00 27,078.33 0.00 4,642,000.00
A-12 0.00 0.00 20,533.33 0.00 3,520,000.00
A-13 0.00 0.00 53,298.44 0.00 9,136,875.00
A-14 0.00 0.00 29,166.67 0.00 5,000,000.00
A-15 0.00 0.00 2,692.55 0.00 496,656.46
A-R 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 37,695.63 0.00 6,953,190.41
B-2 0.00 0.00 36,349.36 0.00 6,704,862.18
B-3 0.00 0.00 12,116.45 0.00 2,234,954.06
B-4 0.00 0.00 8,077.64 0.00 1,489,969.37
B-5 0.00 0.00 5,385.09 0.00 993,312.92
B-6 0.00 0.00 5,389.09 0.00 994,050.45
Totals 0.00 0.00 2,579,358.59 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
APO 718,195.09 0.00000% 992.51906609 0.00000000 0.00000000 0.00000000
A-1 67,138,984.00 6.50000% 943.98207739 5.11323630 0.00000000 0.00000000
A-2 2,000,000.00 6.50000% 1000.00000000 5.41666500 0.00000000 0.00000000
A-3 47,992,726.00 6.50000% 994.17052492 5.38509044 0.00000000 0.00000000
A-4 25,000,000.00 6.50000% 939.98991080 5.09161200 0.00000000 0.00000000
A-5 1,781,647.00 6.50000% 1000.00000000 5.41666784 0.00000000 0.00000000
A-6 11,975,000.00 6.50000% 794.81998914 4.30527516 0.00000000 0.00000000
A-7 25,000,000.00 6.50000% 1000.00000000 5.41666680 0.00000000 0.00000000
A-8 48,885,369.00 6.50000% 1000.00000000 5.41666669 0.00000000 0.00000000
A-9 225,500,000.00 6.50000% 933.54886732 5.05672302 0.00000000 0.00000000
A-10 1,715,299.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-11 4,642,000.00 7.00000% 1000.00000000 5.83333262 0.00000000 0.00000000
A-12 3,520,000.00 7.00000% 1000.00000000 5.83333239 0.00000000 0.00000000
A-13 9,136,875.00 7.00000% 1000.00000000 5.83333361 0.00000000 0.00000000
A-14 5,000,000.00 7.00000% 1000.00000000 5.83333400 0.00000000 0.00000000
A-15 500,000.00 6.50000% 994.17052000 5.38510000 0.00000000 0.00000000
A-R 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,000,000.00 6.50000% 994.17052571 5.38509000 0.00000000 0.00000000
B-2 6,750,000.00 6.50000% 994.17052444 5.38509037 0.00000000 0.00000000
B-3 2,250,000.00 6.50000% 994.17052444 5.38508889 0.00000000 0.00000000
B-4 1,500,000.00 6.50000% 994.17052667 5.38509333 0.00000000 0.00000000
B-5 1,000,000.00 6.50000% 994.17053000 5.38509000 0.00000000 0.00000000
B-6 1,000,742.50 6.50000% 994.17052838 5.38509157 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination, except Class A-R, which is Per $100 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
APO 0.00000000 0.00000000 0.00000000 0.00000000 990.27132029
A-1 0.00000000 0.00000000 5.11323630 0.00000000 934.45343960
A-2 0.00000000 0.00000000 5.41666500 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.38509044 0.00000000 993.31291496
A-4 0.00000000 0.00000000 5.09161200 0.00000000 929.78220640
A-5 0.00000000 0.00000000 5.41666784 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 4.30527516 0.00000000 759.91890856
A-7 0.00000000 0.00000000 5.41666680 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.41666669 0.00000000 1000.00000000
A-9 0.00000000 0.00000000 5.05672302 0.00000000 922.24554244
A-10 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
A-11 0.00000000 0.00000000 5.83333262 0.00000000 1000.00000000
A-12 0.00000000 0.00000000 5.83333239 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 5.83333361 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 5.83333400 0.00000000 1000.00000000
A-15 0.00000000 0.00000000 5.38510000 0.00000000 993.31292000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.38509000 0.00000000 993.31291571
B-2 0.00000000 0.00000000 5.38509037 0.00000000 993.31291556
B-3 0.00000000 0.00000000 5.38508889 0.00000000 993.31291556
B-4 0.00000000 0.00000000 5.38509333 0.00000000 993.31291333
B-5 0.00000000 0.00000000 5.38509000 0.00000000 993.31292000
B-6 0.00000000 0.00000000 5.38509157 0.00000000 993.31291516
<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 6,823,713.27
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 6,823,713.27
Withdrawals
Reimbursement for Servicer Advances 178,195.84
Payment of Service Fee 103,922.47
Payment of Interest and Principal 6,500,868.79
Total Withdrawals (Pool Distribution Amount) 6,782,987.10
Ending Balance 40,726.17
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,181.59
Servicing Fee Support 2,181.59
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 99,348.37
Master Servicing Fee 6,755.69
Supported Prepayment/Curtailment Interest Shortfall 2,181.59
Net Servicing Fee 103,922.47
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Class A-14 Rounding Account 999.99 0.00 0.00 999.99
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 8 2,476,690.44 0.587803% 0.523635%
60 Days 1 465,220.12 0.073475% 0.098359%
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 9 2,941,910.56 0.661278% 0.621994%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 191.86
Cumulative Realized Losses - Includes Interest Shortfall 1,921.15
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 485,428.91
</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 19,500,742.50 3.90009439% 19,370,339.39 4.09537890% 95.898454% 100.000000%
Class B-1 12,500,742.50 2.50011381% 12,417,148.98 2.62529886% 1.472294% 0.000000%
Class B-2 5,750,742.50 1.15013254% 5,712,286.80 1.20772168% 1.419712% 0.000000%
Class B-3 3,500,742.50 0.70013879% 3,477,332.74 0.73519595% 0.473237% 0.000000%
Class B-4 2,000,742.50 0.40014295% 1,987,363.37 0.42017880% 0.315492% 0.000000%
Class B-5 1,000,742.50 0.20014572% 994,050.45 0.21016737% 0.210328% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.210484% 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 131,449.40 0.02628952% 131,449.40 0.02779172%
Fraud 10,007,172.48 2.00140673% 10,007,172.48 2.11576897%
Special Hazard 6,870,129.01 1.37400674% 6,870,129.01 1.45251876%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 7.151224%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 349
Beginning Scheduled Collateral Loan Count 1,369
Number Of Loans Paid In Full 8
Ending Scheduled Collateral Loan Count 1,361
Beginning Scheduled Collateral Balance 476,902,098.91
Ending Scheduled Collateral Balance 472,980,396.84
Ending Actual Collateral Balance at 31-Oct-1999 474,582,404.61
Ending Scheduled Balance For Norwest 403,917,197.39
Ending Scheduled Balance For Other Services 69,063,199.45
Monthly P &I Constant 3,099,316.42
Class A Optimal Amount 6,377,709.05
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 427,269,461.22
Ending scheduled Balance For discounted Loans 45,710,935.62
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 424,804,346.74
Greater Than 80%, less than or equal to 85% 7,491,840.43
Greater than 85%, less than or equal to 95% 36,924,527.38
Greater than 95% 3,807,276.70
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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