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): August 25, 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 August 25, 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 August 25,
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: 8/27/99
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 August 25,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 7/31/99
Distribution Date: 8/25/99
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% 715,169.17 0.00 791.14
A-1 66937RPM5 SEQ 6.50000% 64,722,156.26 350,578.35 357,901.07
A-2 66937RPN3 SEQ 6.50000% 2,000,000.00 10,833.33 0.00
A-3 66937RPP8 SEQ 6.50000% 47,834,791.29 259,105.12 40,385.41
A-4 66937RPQ6 SEQ 6.50000% 24,035,930.79 130,194.63 142,766.24
A-5 66937RPR4 SEQ 6.50000% 1,781,647.00 9,650.59 0.00
A-6 66937RPS2 SEQ 6.50000% 10,396,100.44 56,312.21 233,814.70
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% 215,870,741.01 1,169,299.85 1,425,969.29
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% 498,354.60 2,699.42 420.75
A-R 66937RQC6 R 6.50000% 0.00 0.00 0.00
B-1 66937RQD4 SUB 6.50000% 6,976,964.36 37,791.89 5,890.43
B-2 66937RQE2 SUB 6.50000% 6,727,787.07 36,442.18 5,680.06
B-3 66937RQF9 SUB 6.50000% 2,242,595.69 12,147.39 1,893.35
B-4 66937RRW1 SUB 6.50000% 1,495,063.79 8,098.26 1,262.24
B-5 66937RRX9 SUB 6.50000% 996,709.19 5,398.84 841.49
B-6 66937RRY7 SUB 6.50000% 997,449.25 5,402.85 834.16
Totals 485,191,002.91 2,624,244.10 2,218,450.33
</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 0.00 714,378.03 791.14 0.00
A-1 0.00 64,364,255.18 708,479.42 0.00
A-2 0.00 2,000,000.00 10,833.33 0.00
A-3 0.00 47,794,405.88 299,490.53 0.00
A-4 0.00 23,893,164.55 272,960.87 0.00
A-5 0.00 1,781,647.00 9,650.59 0.00
A-6 0.00 10,162,285.74 290,126.91 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 0.00 214,444,771.73 2,595,269.14 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 0.00 497,933.85 3,120.17 0.00
A-R 0.00 0.00 0.00 0.00
B-1 0.00 6,971,073.93 43,682.32 0.00
B-2 0.00 6,722,107.01 42,122.24 0.00
B-3 0.00 2,240,702.34 14,040.74 0.00
B-4 0.00 1,493,801.56 9,360.50 0.00
B-5 0.00 995,867.70 6,240.33 0.00
B-6 7.95 996,607.14 6,237.01 1,179.53
Totals 7.95 482,972,544.64 4,842,694.43 1,179.53
<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 718,195.09 715,169.17 669.77 121.37 0.00 0.00
A-1 67,138,984.00 64,722,156.26 58,281.27 299,619.80 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 47,834,791.29 40,385.41 0.00 0.00 0.00
A-4 25,000,000.00 24,035,930.79 23,248.32 119,517.92 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 10,396,100.44 38,074.82 195,739.88 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-9 225,500,000.00 215,870,741.01 232,207.47 1,193,761.81 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-15 500,000.00 498,354.60 420.75 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 6,976,964.36 5,890.43 0.00 0.00 0.00
B-2 6,750,000.00 6,727,787.07 5,680.06 0.00 0.00 0.00
B-3 2,250,000.00 2,242,595.69 1,893.35 0.00 0.00 0.00
B-4 1,500,000.00 1,495,063.79 1,262.24 0.00 0.00 0.00
B-5 1,000,000.00 996,709.19 841.49 0.00 0.00 0.00
B-6 1,000,742.50 997,449.25 834.16 0.00 0.00 7.95
Totals 500,006,937.59 485,191,002.91 409,689.54 1,808,760.78 0.00 7.95
<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 791.14 714,378.03 0.99468520 791.14
A-1 357,901.07 64,364,255.18 0.95867187 357,901.07
A-2 0.00 2,000,000.00 1.00000000 0.00
A-3 40,385.41 47,794,405.88 0.99586770 40,385.41
A-4 142,766.24 23,893,164.55 0.95572658 142,766.24
A-5 0.00 1,781,647.00 1.00000000 0.00
A-6 233,814.70 10,162,285.74 0.84862511 233,814.70
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 1,425,969.29 214,444,771.73 0.95097460 1,425,969.29
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-15 420.75 497,933.85 0.99586770 420.75
A-R 0.00 0.00 0.00000000 0.00
B-1 5,890.43 6,971,073.93 0.99586770 5,890.43
B-2 5,680.06 6,722,107.01 0.99586771 5,680.06
B-3 1,893.35 2,240,702.34 0.99586771 1,893.35
B-4 1,262.24 1,493,801.56 0.99586771 1,262.24
B-5 841.49 995,867.70 0.99586770 841.49
B-6 842.11 996,607.14 0.99586771 834.16
Totals 2,218,458.28 482,972,544.64 0.96593169 2,218,450.33
</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 718,195.09 995.78677153 0.93257391 0.16899308 0.00000000
A-1 67,138,984.00 964.00261672 0.86806899 4.46267998 0.00000000
A-2 2,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 47,992,726.00 996.70919485 0.84149023 0.00000000 0.00000000
A-4 25,000,000.00 961.43723160 0.92993280 4.78071680 0.00000000
A-5 1,781,647.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 11,975,000.00 868.15034990 3.17952568 16.34571023 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-9 225,500,000.00 957.29818630 1.02974488 5.29384395 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-15 500,000.00 996.70920000 0.84150000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 7,000,000.00 996.70919429 0.84149000 0.00000000 0.00000000
B-2 6,750,000.00 996.70919556 0.84149037 0.00000000 0.00000000
B-3 2,250,000.00 996.70919556 0.84148889 0.00000000 0.00000000
B-4 1,500,000.00 996.70919333 0.84149333 0.00000000 0.00000000
B-5 1,000,000.00 996.70919000 0.84149000 0.00000000 0.00000000
B-6 1,000,742.50 996.70919342 0.83354110 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 1.10156699 994.68520455 0.99468520 1.10156699
A-1 0.00000000 5.33074897 958.67186760 0.95867187 5.33074897
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.84149023 995.86770462 0.99586770 0.84149023
A-4 0.00000000 5.71064960 955.72658200 0.95572658 5.71064960
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 19.52523591 848.62511399 0.84862511 19.52523591
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 6.32358887 950.97459747 0.95097460 6.32358887
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 0.84150000 995.86770000 0.99586770 0.84150000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.84149000 995.86770429 0.99586770 0.84149000
B-2 0.00000000 0.84149037 995.86770519 0.99586771 0.84149037
B-3 0.00000000 0.84148889 995.86770667 0.99586771 0.84148889
B-4 0.00000000 0.84149333 995.86770667 0.99586771 0.84149333
B-5 0.00000000 0.84149000 995.86770000 0.99586770 0.84149000
B-6 0.00794410 0.84148520 995.86770823 0.99586771 0.83354110
<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% 715,169.17 0.00 0.00 0.00
A-1 67,138,984.00 6.50000% 64,722,156.26 350,578.35 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% 47,834,791.29 259,105.12 0.00 0.00
A-4 25,000,000.00 6.50000% 24,035,930.79 130,194.63 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% 10,396,100.44 56,312.21 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% 215,870,741.01 1,169,299.85 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% 498,354.60 2,699.42 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% 6,976,964.36 37,791.89 0.00 0.00
B-2 6,750,000.00 6.50000% 6,727,787.07 36,442.18 0.00 0.00
B-3 2,250,000.00 6.50000% 2,242,595.69 12,147.39 0.00 0.00
B-4 1,500,000.00 6.50000% 1,495,063.79 8,098.26 0.00 0.00
B-5 1,000,000.00 6.50000% 996,709.19 5,398.84 0.00 0.00
B-6 1,000,742.50 6.50000% 997,449.25 5,402.85 0.00 0.00
Totals 500,006,937.59 2,624,244.10 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 0.00 714,378.03
A-1 0.00 0.00 350,578.35 0.00 64,364,255.18
A-2 0.00 0.00 10,833.33 0.00 2,000,000.00
A-3 0.00 0.00 259,105.12 0.00 47,794,405.88
A-4 0.00 0.00 130,194.63 0.00 23,893,164.55
A-5 0.00 0.00 9,650.59 0.00 1,781,647.00
A-6 0.00 0.00 56,312.21 0.00 10,162,285.74
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 1,169,299.85 0.00 214,444,771.73
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 2,699.42 0.00 497,933.85
A-R 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 37,791.89 0.00 6,971,073.93
B-2 0.00 0.00 36,442.18 0.00 6,722,107.01
B-3 0.00 0.00 12,147.39 0.00 2,240,702.34
B-4 0.00 0.00 8,098.26 0.00 1,493,801.56
B-5 0.00 0.00 5,398.84 0.00 995,867.70
B-6 0.00 0.00 5,402.85 0.00 996,607.14
Totals 0.00 0.00 2,624,244.10 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% 995.78677153 0.00000000 0.00000000 0.00000000
A-1 67,138,984.00 6.50000% 964.00261672 5.22168089 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% 996.70919485 5.39884148 0.00000000 0.00000000
A-4 25,000,000.00 6.50000% 961.43723160 5.20778520 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% 868.15034990 4.70248100 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% 957.29818630 5.18536519 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% 996.70920000 5.39884000 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% 996.70919429 5.39884143 0.00000000 0.00000000
B-2 6,750,000.00 6.50000% 996.70919556 5.39884148 0.00000000 0.00000000
B-3 2,250,000.00 6.50000% 996.70919556 5.39884000 0.00000000 0.00000000
B-4 1,500,000.00 6.50000% 996.70919333 5.39884000 0.00000000 0.00000000
B-5 1,000,000.00 6.50000% 996.70919000 5.39884000 0.00000000 0.00000000
B-6 1,000,742.50 6.50000% 996.70919342 5.39884136 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 994.68520455
A-1 0.00000000 0.00000000 5.22168089 0.00000000 958.67186760
A-2 0.00000000 0.00000000 5.41666500 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.39884148 0.00000000 995.86770462
A-4 0.00000000 0.00000000 5.20778520 0.00000000 955.72658200
A-5 0.00000000 0.00000000 5.41666784 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 4.70248100 0.00000000 848.62511399
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 5.18536519 0.00000000 950.97459747
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 5.39884000 0.00000000 995.86770000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.39884143 0.00000000 995.86770429
B-2 0.00000000 0.00000000 5.39884148 0.00000000 995.86770519
B-3 0.00000000 0.00000000 5.39884000 0.00000000 995.86770667
B-4 0.00000000 0.00000000 5.39884000 0.00000000 995.86770667
B-5 0.00000000 0.00000000 5.39884000 0.00000000 995.86770000
B-6 0.00000000 0.00000000 5.39884136 0.00000000 995.86770823
<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>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,115,186.15
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 5,115,186.15
Withdrawals
Reimbursement for Servicer Advances 115,723.13
Payment of Service Fee 107,754.86
Payment of Interest and Principal 4,842,694.42
Total Withdrawals (Pool Distribution Amount) 5,066,172.41
Ending Balance 49,013.74
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 198.85
Servicing Fee Support 198.85
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 101,080.26
Master Servicing Fee 6,873.46
Supported Prepayment/Curtailment Interest Shortfall 198.85
Net Servicing Fee 107,754.87
</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>
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 5 1,564,411.24 0.361011% 0.323913%
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 5 1,564,411.24 0.361011% 0.323913%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 7.95
Cumulative Realized Losses - Includes Interest Shortfall 1,179.53
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 482,920.37
</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% 19,420,159.68 4.02096556% 95.973078% 100.000000%
Class B-1 12,500,742.50 2.50011381% 12,449,085.75 2.57759699% 1.445507% 0.000000%
Class B-2 5,750,742.50 1.15013254% 5,726,978.74 1.18577729% 1.393881% 0.000000%
Class B-3 3,500,742.50 0.70013879% 3,486,276.40 0.72183739% 0.464627% 0.000000%
Class B-4 2,000,742.50 0.40014295% 1,992,474.84 0.41254412% 0.309751% 0.000000%
Class B-5 1,000,742.50 0.20014572% 996,607.14 0.20634861% 0.206501% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.206654% 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 0.02721674%
Fraud 10,007,172.48 2.00140673% 10,007,172.48 2.07199614%
Special Hazard 6,870,129.01 1.37400674% 6,870,129.01 1.42246782%
<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 7.153737%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 352
Beginning Scheduled Collateral Loan Count 1,391
Number Of Loans Paid In Full 6
Ending Scheduled Collateral Loan Count 1,385
Begining Scheduled Collateral Balance 485,191,002.91
Ending Scheduled Collateral Balance 482,972,544.63
Ending Actual Collateral Balance at 31-Jul-1999 484,405,429.65
Ending Scheduled Balance For Norwest 411,566,043.62
Ending Scheduled Balance For Other Services 71,406,501.01
Monthly P &I Constant 3,143,263.10
Class A Optimal Amount 4,720,220.14
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 436,810,181.78
Ending scheduled Balance For discounted Loans 46,162,362.85
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 433,844,434.37
Greater Than 80%, less than or equal to 85% 7,859,859.53
Greater than 85%, less than or equal to 95% 37,327,579.87
Greater than 95% 3,987,289.36
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>