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): April 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 April 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 April 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: 05/06/1999
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 April 26,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 03/31/1999
Distribution Date: 04/26/1999
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% 718,195.09 0.00 798.26
A-1 66937RPM5 SEQ 6.50000% 67,138,984.00 363,669.50 548,654.49
A-2 66937RPN3 SEQ 6.50000% 2,000,000.00 10,833.33 0.00
A-3 66937RPP8 SEQ 6.50000% 47,992,726.00 259,960.60 39,010.90
A-4 66937RPQ6 SEQ 6.50000% 25,000,000.00 135,416.67 218,857.51
A-5 66937RPR4 SEQ 6.50000% 1,781,647.00 9,650.59 0.00
A-6 66937RPS2 SEQ 6.50000% 11,975,000.00 64,864.58 358,432.80
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% 225,500,000.00 1,221,458.33 2,185,979.60
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% 500,000.00 2,708.33 406.43
A-R 66937RQC6 R 6.50000% 100.00 0.54 100.00
B-1 66937RQD4 MEZ 6.50000% 7,000,000.00 37,916.67 5,689.95
B-2 66937RQE2 SUB 6.50000% 6,750,000.00 36,562.50 5,486.74
B-3 66937RQF9 SUB 6.50000% 2,250,000.00 12,187.50 1,828.91
B-4 66937RRW1 SUB 6.50000% 1,500,000.00 8,125.00 1,219.28
B-5 66937RRX9 SUB 6.50000% 1,000,000.00 5,416.67 812.85
B-6 66937RRY7 SUB 6.50000% 1,000,742.50 5,420.69 342.38
Totals 500,006,937.59 2,704,480.69 3,367,620.10
</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 0.00 717,396.83 798.26 0.00
A-1 0.00 66,590,329.51 912,323.99 0.00
A-2 0.00 2,000,000.00 10,833.33 0.00
A-3 0.00 47,953,715.10 298,971.50 0.00
A-4 0.00 24,781,142.49 354,274.18 0.00
A-5 0.00 1,781,647.00 9,650.59 0.00
A-6 0.00 11,616,567.20 423,297.38 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 0.00 223,314,020.40 3,407,437.93 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 0.00 499,593.57 3,114.76 0.00
A-R 0.00 0.00 100.54 0.00
B-1 0.00 6,994,310.05 43,606.62 0.00
B-2 0.00 6,744,513.26 42,049.24 0.00
B-3 0.00 2,248,171.09 14,016.41 0.00
B-4 0.00 1,498,780.72 9,344.28 0.00
B-5 0.00 999,187.15 6,229.52 0.00
B-6 471.07 999,929.05 5,763.07 471.07
Totals 471.07 496,638,846.42 6,072,100.79 471.07
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</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 718,195.09 718,195.09 653.74 144.52 0.00 0.00
A-1 67,138,984.00 67,138,984.00 58,075.19 490,579.30 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 47,992,726.00 39,010.90 0.00 0.00 0.00
A-4 25,000,000.00 25,000,000.00 23,166.11 195,691.40 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 11,975,000.00 37,940.18 320,492.61 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-9 225,500,000.00 225,500,000.00 231,386.38 1,954,593.23 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-15 500,000.00 500,000.00 406.43 0.00 0.00 0.00
A-R 100.00 100.00 10.59 89.41 0.00 0.00
B-1 7,000,000.00 7,000,000.00 5,689.95 0.00 0.00 0.00
B-2 6,750,000.00 6,750,000.00 5,486.74 0.00 0.00 0.00
B-3 2,250,000.00 2,250,000.00 1,828.91 0.00 0.00 0.00
B-4 1,500,000.00 1,500,000.00 1,219.28 0.00 0.00 0.00
B-5 1,000,000.00 1,000,000.00 812.85 0.00 0.00 0.00
B-6 1,000,742.50 1,000,742.50 342.38 0.00 0.00 471.07
Totals 500,006,937.59 500,006,937.59 406,029.63 2,961,590.47 0.00 471.07
<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 798.26 717,396.83 0.99888852 798.26
A-1 548,654.49 66,590,329.51 0.99182808 548,654.49
A-2 0.00 2,000,000.00 1.00000000 0.00
A-3 39,010.90 47,953,715.10 0.99918715 39,010.90
A-4 218,857.51 24,781,142.49 0.99124570 218,857.51
A-5 0.00 1,781,647.00 1.00000000 0.00
A-6 358,432.80 11,616,567.20 0.97006824 358,432.80
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 2,185,979.60 223,314,020.40 0.99030608 2,185,979.60
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-15 406.43 499,593.57 0.99918714 406.43
A-R 100.00 0.00 0.00000000 100.00
B-1 5,689.95 6,994,310.05 0.99918715 5,689.95
B-2 5,486.74 6,744,513.26 0.99918715 5,486.74
B-3 1,828.91 2,248,171.09 0.99918715 1,828.91
B-4 1,219.28 1,498,780.72 0.99918715 1,219.28
B-5 812.85 999,187.15 0.99918715 812.85
B-6 813.45 999,929.05 0.99918715 342.38
Totals 3,368,091.17 496,638,846.42 0.99326391 3,367,620.10
</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 1000.00000000 0.91025406 0.20122666 0.00000000
A-1 67,138,984.00 1000.00000000 0.86499954 7.30692171 0.00000000
A-2 2,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 47,992,726.00 1000.00000000 0.81285026 0.00000000 0.00000000
A-4 25,000,000.00 1000.00000000 0.92664440 7.82765600 0.00000000
A-5 1,781,647.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 11,975,000.00 1000.00000000 3.16828225 26.76347474 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 1000.00000000 1.02610368 8.66781920 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 1000.00000000 0.81286000 0.00000000 0.00000000
A-R 100.00 100.00000000 10.59000000 89.41000000 0.00000000
B-1 7,000,000.00 1000.00000000 0.81285000 0.00000000 0.00000000
B-2 6,750,000.00 1000.00000000 0.81285037 0.00000000 0.00000000
B-3 2,250,000.00 1000.00000000 0.81284889 0.00000000 0.00000000
B-4 1,500,000.00 1000.00000000 0.81285333 0.00000000 0.00000000
B-5 1,000,000.00 1000.00000000 0.81285000 0.00000000 0.00000000
B-6 1,000,742.50 1000.00000000 0.34212597 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 1.11148073 998.88851927 0.99888852 1.11148073
A-1 0.00000000 8.17192125 991.82807875 0.99182808 8.17192125
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.81285026 999.18714974 0.99918715 0.81285026
A-4 0.00000000 8.75430040 991.24569960 0.99124570 8.75430040
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 29.93175783 970.06824217 0.97006824 29.93175783
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 9.69392284 990.30607716 0.99030608 9.69392284
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 0.81286000 999.18714000 0.99918714 0.81286000
A-R 0.00000000 100.00000000 0.00000000 0.00000000 100.00000000
B-1 0.00000000 0.81285000 999.18715000 0.99918715 0.81285000
B-2 0.00000000 0.81285037 999.18714963 0.99918715 0.81285037
B-3 0.00000000 0.81284889 999.18715111 0.99918715 0.81284889
B-4 0.00000000 0.81285333 999.18714667 0.99918715 0.81285333
B-5 0.00000000 0.81285000 999.18715000 0.99918715 0.81285000
B-6 0.47072049 0.81284646 999.18715354 0.99918715 0.34212597
<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% 718,195.09 0.00 0.00 0.00
A-1 67,138,984.00 6.50000% 67,138,984.00 363,669.50 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% 47,992,726.00 259,960.60 0.00 0.00
A-4 25,000,000.00 6.50000% 25,000,000.00 135,416.67 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% 11,975,000.00 64,864.58 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% 225,500,000.00 1,221,458.33 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% 500,000.00 2,708.33 0.00 0.00
A-R 100.00 6.50000% 100.00 0.54 0.00 0.00
B-1 7,000,000.00 6.50000% 7,000,000.00 37,916.67 0.00 0.00
B-2 6,750,000.00 6.50000% 6,750,000.00 36,562.50 0.00 0.00
B-3 2,250,000.00 6.50000% 2,250,000.00 12,187.50 0.00 0.00
B-4 1,500,000.00 6.50000% 1,500,000.00 8,125.00 0.00 0.00
B-5 1,000,000.00 6.50000% 1,000,000.00 5,416.67 0.00 0.00
B-6 1,000,742.50 6.50000% 1,000,742.50 5,420.69 0.00 0.00
Totals 500,006,937.59 2,704,480.69 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 0.00 717,396.83
A-1 0.00 0.00 363,669.50 0.00 66,590,329.51
A-2 0.00 0.00 10,833.33 0.00 2,000,000.00
A-3 0.00 0.00 259,960.60 0.00 47,953,715.10
A-4 0.00 0.00 135,416.67 0.00 24,781,142.49
A-5 0.00 0.00 9,650.59 0.00 1,781,647.00
A-6 0.00 0.00 64,864.58 0.00 11,616,567.20
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 1,221,458.33 0.00 223,314,020.40
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 2,708.33 0.00 499,593.57
A-R 0.00 0.00 0.54 0.00 0.00
B-1 0.00 0.00 37,916.67 0.00 6,994,310.05
B-2 0.00 0.00 36,562.50 0.00 6,744,513.26
B-3 0.00 0.00 12,187.50 0.00 2,248,171.09
B-4 0.00 0.00 8,125.00 0.00 1,498,780.72
B-5 0.00 0.00 5,416.67 0.00 999,187.15
B-6 0.00 0.00 5,420.69 0.00 999,929.05
Totals 0.00 0.00 2,704,480.69 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% 1000.00000000 0.00000000 0.00000000 0.00000000
A-1 67,138,984.00 6.50000% 1000.00000000 5.41666672 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% 1000.00000000 5.41666668 0.00000000 0.00000000
A-4 25,000,000.00 6.50000% 1000.00000000 5.41666680 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% 1000.00000000 5.41666639 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% 1000.00000000 5.41666665 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% 1000.00000000 5.41666000 0.00000000 0.00000000
A-R 100.00 6.50000% 100.00000000 0.54000000 0.00000000 0.00000000
B-1 7,000,000.00 6.50000% 1000.00000000 5.41666714 0.00000000 0.00000000
B-2 6,750,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B-3 2,250,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B-4 1,500,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B-5 1,000,000.00 6.50000% 1000.00000000 5.41667000 0.00000000 0.00000000
B-6 1,000,742.50 6.50000% 1000.00000000 5.41666812 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 998.88851927
A-1 0.00000000 0.00000000 5.41666672 0.00000000 991.82807875
A-2 0.00000000 0.00000000 5.41666500 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.41666668 0.00000000 999.18714974
A-4 0.00000000 0.00000000 5.41666680 0.00000000 991.24569960
A-5 0.00000000 0.00000000 5.41666784 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.41666639 0.00000000 970.06824217
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 5.41666665 0.00000000 990.30607716
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 5.41666000 0.00000000 999.18714000
A-R 0.00000000 0.00000000 0.54000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.41666714 0.00000000 999.18715000
B-2 0.00000000 0.00000000 5.41666667 0.00000000 999.18714963
B-3 0.00000000 0.00000000 5.41666667 0.00000000 999.18715111
B-4 0.00000000 0.00000000 5.41666667 0.00000000 999.18714667
B-5 0.00000000 0.00000000 5.41667000 0.00000000 999.18715000
B-6 0.00000000 0.00000000 5.41666812 0.00000000 999.18715354
<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 6,105,950.08
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 75,076.66
Realized Losses 0.00
Total Deposits 6,181,026.74
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 108,925.97
Payment of Interest and Principal 6,072,100.77
Total Withdrawals (Pool Distribution Amount) 6,181,026.74
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,308.84
Servicing Fee Support 2,308.84
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 104,152.44
Master Servicing Fee 7,082.37
Supported Prepayment/Curtailment Interest Shortfall 2,308.84
Net Servicing Fee 108,925.97
</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 1,547,799.62 0.352858% 0.311655%
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 1,547,799.62 0.352858% 0.311655%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 471.07
Cumulative Realized Losses - Includes Interest Shortfall 471.07
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 548,136.90
</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% 19,484,891.32 3.92335224% 96.070972% 100.000000%
Class B-1 12,500,742.50 2.50011381% 12,490,581.27 2.51502301% 1.410367% 0.000000%
Class B-2 5,750,742.50 1.15013254% 5,746,068.01 1.15699125% 1.359996% 0.000000%
Class B-3 3,500,742.50 0.70013879% 3,497,896.92 0.70431400% 0.453332% 0.000000%
Class B-4 2,000,742.50 0.40014295% 1,999,116.20 0.40252916% 0.302221% 0.000000%
Class B-5 1,000,742.50 0.20014572% 999,929.05 0.20133927% 0.201481% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.201631% 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 0.02646780%
Fraud 10,007,172.48 2.00140673% 10,007,172.48 2.01497981%
Special Hazard 6,870,129.01 1.37400674% 6,870,129.01 1.38332494%
<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 7.160111%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 356
Begin Scheduled Collateral Loan Count 1,424
Number Of Loans Paid In Full 7
End Scheduled Collateral Loan Count 1,417
Begining Scheduled Collateral Balance 500,006,937.59
Ending Scheduled Collateral Balance 496,638,846.43
Ending Actual Collateral Balance at 31-Mar-1999 493,833,164.91
Ending Scheduled Balance For Norwest 422,957,408.98
Ending Scheduled Balance For Other Services 73,681,437.45
Monthly P &I Constant 3,223,940.32
Class A Optimal Amount 5,950,293.39
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 450,285,859.74
Ending scheduled Balance For discounted Loans 46,352,986.69
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 445,682,835.65
Greater Than 80%, less than or equal to 85% 7,889,994.06
Greater than 85%, less than or equal to 95% 39,127,911.85
Greater than 95% 4,003,370.09
</TABLE>
