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 1999-9 Trust
New York (governing law of 333-65481-13 52-2166674
Pooling and Servicing Agreement) (Commission 52-2166675
(State or other File Number) IRS EIN
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 1999-9
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
1999-9 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 1999-9 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 1999-9 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: 1999-9
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 NMB9909PO PO 0.00000% 1,442,259.83 0.00 1,561.67
A-1 66937RQG7 SEQ 6.50000% 24,954,000.00 135,167.50 0.00
A-2 66937RQH5 SEQ 6.50000% 357,679,000.00 1,937,427.92 5,266,296.05
A-3 66937RQJ1 SEQ 6.25000% 49,904,877.00 259,921.23 0.00
A-4 66937RQK8 SEQ 0.00000% 4,611,849.00 0.00 0.00
A-5 66937RQL6 SEQ 6.50000% 40,432,000.00 219,006.67 514,333.44
A-6 66937RQM4 SEQ 6.50000% 10,285,000.00 55,710.42 518,842.33
A-7 66937RQN2 SEQ 6.50000% 26,751,000.00 144,901.25 0.00
A-8 66937RQP7 IO 6.50000% 0.00 10,396.85 0.00
A-9 66937RQQ5 SEQ 6.37500% 29,946,000.00 159,088.12 440,906.49
A-10 66937RQR3 SEQ 6.50000% 16,345,000.00 88,535.42 0.00
A-11 66937RQS1 SEQ 7.25000% 4,991,000.00 30,153.96 73,484.42
A-12 66937RQT9 SEQ 6.75000% 7,850,000.00 44,156.25 0.00
A-13 66937RQU6 SEQ 6.75000% 5,405,000.00 30,403.12 0.00
A-14 66937RQV4 SEQ 6.75000% 5,259,000.00 29,581.88 0.00
A-15 66937RQW2 SEQ 6.75000% 1,959,000.00 11,019.38 0.00
A-16 66937RQX0 SEQ 6.75000% 3,000,000.00 16,875.00 0.00
A-17 66937RQY8 SEQ 6.75000% 2,500,000.00 14,062.50 0.00
A-18 66937RQZ5 SEQ 6.75000% 2,363,000.00 13,291.88 0.00
A-19 66937RRA9 SEQ 6.50000% 500,000.00 2,708.33 0.00
A-20 66937RRB7 SEQ 7.00000% 500,000.00 2,916.67 0.00
A-21 66937RRC5 SEQ 7.00000% 17,862,000.00 104,195.00 0.00
A-22 66937RRD3 SEQ 7.00000% 17,128,000.00 99,913.33 0.00
A-23 66937RRE1 SEQ 7.00000% 5,213,000.00 30,409.17 0.00
A-24 66937RRF8 SEQ 5.83500% 12,059,470.00 58,639.17 0.00
A-25 66937RRG6 SEQ 10.27929% 3,126,530.00 26,782.08 0.00
A-26 66937RRH4 SEQ 0.00000% 193,074.00 0.00 0.00
A-27 66937RRJ0 SEQ 6.50000% 97,778,000.00 529,630.83 1,473,486.07
A-28 66937RRK7 SEQ 6.50000% 18,009,000.00 97,548.75 0.00
A-R 66937RRM3 R 6.50000% 100.00 0.54 100.00
A-LR 66937RRL5 R 6.50000% 100.00 0.54 100.00
B-1 66937RRN1 MEZ 6.50000% 12,001,000.00 65,005.42 9,730.95
B-2 66937RRP6 SUB 6.50000% 10,800,000.00 58,500.00 8,757.12
B-3 66937RRQ4 SUB 6.50000% 3,600,000.00 19,500.00 2,919.04
B-4 66937RSC4 SUB 6.50000% 2,401,000.00 13,005.42 1,946.84
B-5 66937RSD2 SUB 6.50000% 1,600,000.00 8,666.67 1,297.35
B-6 66937RSE0 SUB 6.50000% 1,600,322.18 8,668.41 733.42
Totals 800,049,582.01 4,325,789.68 8,314,495.19
</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 1,440,698.16 1,561.67 0.00
A-1 0.00 24,954,000.00 135,167.50 0.00
A-2 0.00 352,412,703.95 7,203,723.97 0.00
A-3 0.00 49,904,877.00 259,921.23 0.00
A-4 0.00 4,611,849.00 0.00 0.00
A-5 0.00 39,917,666.56 733,340.11 0.00
A-6 0.00 9,766,157.67 574,552.75 0.00
A-7 0.00 26,751,000.00 144,901.25 0.00
A-8 0.00 0.00 10,396.85 0.00
A-9 0.00 29,505,093.51 599,994.61 0.00
A-10 0.00 16,345,000.00 88,535.42 0.00
A-11 0.00 4,917,515.58 103,638.38 0.00
A-12 0.00 7,850,000.00 44,156.25 0.00
A-13 0.00 5,405,000.00 30,403.12 0.00
A-14 0.00 5,259,000.00 29,581.88 0.00
A-15 0.00 1,959,000.00 11,019.38 0.00
A-16 0.00 3,000,000.00 16,875.00 0.00
A-17 0.00 2,500,000.00 14,062.50 0.00
A-18 0.00 2,363,000.00 13,291.88 0.00
A-19 0.00 500,000.00 2,708.33 0.00
A-20 0.00 500,000.00 2,916.67 0.00
A-21 0.00 17,862,000.00 104,195.00 0.00
A-22 0.00 17,128,000.00 99,913.33 0.00
A-23 0.00 5,213,000.00 30,409.17 0.00
A-24 0.00 12,059,470.00 58,639.17 0.00
A-25 0.00 3,126,530.00 26,782.08 0.00
A-26 0.00 193,074.00 0.00 0.00
A-27 0.00 96,304,513.93 2,003,116.90 0.00
A-28 0.00 18,009,000.00 97,548.75 0.00
A-R 0.00 0.00 100.54 0.00
A-LR 0.00 0.00 100.54 0.00
B-1 0.00 11,991,269.05 74,736.37 0.00
B-2 0.00 10,791,242.88 67,257.12 0.00
B-3 0.00 3,597,080.96 22,419.04 0.00
B-4 0.00 2,399,053.16 14,952.26 0.00
B-5 0.00 1,598,702.65 9,964.02 0.00
B-6 564.19 1,599,024.57 9,401.83 564.19
Totals 564.19 791,734,522.63 12,640,284.87 564.19
<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 1,442,259.83 1,442,259.83 1,348.62 213.05 0.00 0.00
A-1 24,954,000.00 24,954,000.00 0.00 0.00 0.00 0.00
A-2 357,679,000.00 357,679,000.00 394,992.28 4,871,303.78 0.00 0.00
A-3 49,904,877.00 49,904,877.00 0.00 0.00 0.00 0.00
A-4 4,611,849.00 4,611,849.00 0.00 0.00 0.00 0.00
A-5 40,432,000.00 40,432,000.00 38,576.97 475,756.47 0.00 0.00
A-6 10,285,000.00 10,285,000.00 38,915.15 479,927.18 0.00 0.00
A-7 26,751,000.00 26,751,000.00 0.00 0.00 0.00 0.00
A-8 0.00 0.00 0.00 0.00 0.00 0.00
A-9 29,946,000.00 29,946,000.00 33,069.67 407,836.83 0.00 0.00
A-10 16,345,000.00 16,345,000.00 0.00 0.00 0.00 0.00
A-11 4,991,000.00 4,991,000.00 5,511.61 67,972.80 0.00 0.00
A-12 7,850,000.00 7,850,000.00 0.00 0.00 0.00 0.00
A-13 5,405,000.00 5,405,000.00 0.00 0.00 0.00 0.00
A-14 5,259,000.00 5,259,000.00 0.00 0.00 0.00 0.00
A-15 1,959,000.00 1,959,000.00 0.00 0.00 0.00 0.00
A-16 3,000,000.00 3,000,000.00 0.00 0.00 0.00 0.00
A-17 2,500,000.00 2,500,000.00 0.00 0.00 0.00 0.00
A-18 2,363,000.00 2,363,000.00 0.00 0.00 0.00 0.00
A-19 500,000.00 500,000.00 0.00 0.00 0.00 0.00
A-20 500,000.00 500,000.00 0.00 0.00 0.00 0.00
A-21 17,862,000.00 17,862,000.00 0.00 0.00 0.00 0.00
A-22 17,128,000.00 17,128,000.00 0.00 0.00 0.00 0.00
A-23 5,213,000.00 5,213,000.00 0.00 0.00 0.00 0.00
A-24 12,059,470.00 12,059,470.00 0.00 0.00 0.00 0.00
A-25 3,126,530.00 3,126,530.00 0.00 0.00 0.00 0.00
A-26 193,074.00 193,074.00 0.00 0.00 0.00 0.00
A-27 97,778,000.00 97,778,000.00 110,517.07 1,362,968.99 0.00 0.00
A-28 18,009,000.00 18,009,000.00 0.00 0.00 0.00 0.00
A-R 100.00 100.00 7.50 92.50 0.00 0.00
A-LR 100.00 100.00 7.50 92.50 0.00 0.00
B-1 12,001,000.00 12,001,000.00 9,730.95 0.00 0.00 0.00
B-2 10,800,000.00 10,800,000.00 8,757.12 0.00 0.00 0.00
B-3 3,600,000.00 3,600,000.00 2,919.04 0.00 0.00 0.00
B-4 2,401,000.00 2,401,000.00 1,946.84 0.00 0.00 0.00
B-5 1,600,000.00 1,600,000.00 1,297.35 0.00 0.00 0.00
B-6 1,600,322.18 1,600,322.18 733.42 0.00 0.00 564.19
Totals 800,049,582.01 800,049,582.01 648,331.09 7,666,164.10 0.00 564.19
<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 1,561.67 1,440,698.16 0.99891721 1,561.67
A-1 0.00 24,954,000.00 1.00000000 0.00
A-2 5,266,296.05 352,412,703.95 0.98527647 5,266,296.05
A-3 0.00 49,904,877.00 1.00000000 0.00
A-4 0.00 4,611,849.00 1.00000000 0.00
A-5 514,333.44 39,917,666.56 0.98727905 514,333.44
A-6 518,842.33 9,766,157.67 0.94955349 518,842.33
A-7 0.00 26,751,000.00 1.00000000 0.00
A-8 0.00 0.00 0.00000000 0.00
A-9 440,906.49 29,505,093.51 0.98527661 440,906.49
A-10 0.00 16,345,000.00 1.00000000 0.00
A-11 73,484.42 4,917,515.58 0.98527661 73,484.42
A-12 0.00 7,850,000.00 1.00000000 0.00
A-13 0.00 5,405,000.00 1.00000000 0.00
A-14 0.00 5,259,000.00 1.00000000 0.00
A-15 0.00 1,959,000.00 1.00000000 0.00
A-16 0.00 3,000,000.00 1.00000000 0.00
A-17 0.00 2,500,000.00 1.00000000 0.00
A-18 0.00 2,363,000.00 1.00000000 0.00
A-19 0.00 500,000.00 1.00000000 0.00
A-20 0.00 500,000.00 1.00000000 0.00
A-21 0.00 17,862,000.00 1.00000000 0.00
A-22 0.00 17,128,000.00 1.00000000 0.00
A-23 0.00 5,213,000.00 1.00000000 0.00
A-24 0.00 12,059,470.00 1.00000000 0.00
A-25 0.00 3,126,530.00 1.00000000 0.00
A-26 0.00 193,074.00 1.00000000 0.00
A-27 1,473,486.07 96,304,513.93 0.98493029 1,473,486.07
A-28 0.00 18,009,000.00 1.00000000 0.00
A-R 100.00 0.00 0.00000000 100.00
A-LR 100.00 0.00 0.00000000 100.00
B-1 9,730.95 11,991,269.05 0.99918916 9,730.95
B-2 8,757.12 10,791,242.88 0.99918916 8,757.12
B-3 2,919.04 3,597,080.96 0.99918916 2,919.04
B-4 1,946.84 2,399,053.16 0.99918915 1,946.84
B-5 1,297.35 1,598,702.65 0.99918916 1,297.35
B-6 1,297.61 1,599,024.57 0.99918916 733.42
Totals 8,315,059.38 791,734,522.63 0.98960682 8,314,495.19
</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 1,442,259.83 1000.00000000 0.93507423 0.14771957 0.00000000
A-1 24,954,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 357,679,000.00 1000.00000000 1.10432058 13.61920543 0.00000000
A-3 49,904,877.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 4,611,849.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 40,432,000.00 1000.00000000 0.95411976 11.76682999 0.00000000
A-6 10,285,000.00 1000.00000000 3.78368012 46.66282742 0.00000000
A-7 26,751,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-9 29,946,000.00 1000.00000000 1.10431009 13.61907534 0.00000000
A-10 16,345,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-11 4,991,000.00 1000.00000000 1.10430976 13.61907433 0.00000000
A-12 7,850,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-13 5,405,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-14 5,259,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-15 1,959,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-16 3,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-17 2,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-18 2,363,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-19 500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-20 500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-21 17,862,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-22 17,128,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-23 5,213,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-24 12,059,470.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-25 3,126,530.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-26 193,074.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-27 97,778,000.00 1000.00000000 1.13028565 13.93942390 0.00000000
A-28 18,009,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 1000.00000000 75.00000000 925.00000000 0.00000000
A-LR 100.00 1000.00000000 75.00000000 925.00000000 0.00000000
B-1 12,001,000.00 1000.00000000 0.81084493 0.00000000 0.00000000
B-2 10,800,000.00 1000.00000000 0.81084444 0.00000000 0.00000000
B-3 3,600,000.00 1000.00000000 0.81084444 0.00000000 0.00000000
B-4 2,401,000.00 1000.00000000 0.81084548 0.00000000 0.00000000
B-5 1,600,000.00 1000.00000000 0.81084375 0.00000000 0.00000000
B-6 1,600,322.18 1000.00000000 0.45829522 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination, except Class A-R and Class A-LR, 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 1.08279380 998.91720620 0.99891721 1.08279380
A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2 0.00000000 14.72352598 985.27647402 0.98527647 14.72352598
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5 0.00000000 12.72094974 987.27905026 0.98727905 12.72094974
A-6 0.00000000 50.44650754 949.55349246 0.94955349 50.44650754
A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-8 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-9 0.00000000 14.72338509 985.27661491 0.98527661 14.72338509
A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-11 0.00000000 14.72338609 985.27661391 0.98527661 14.72338609
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 0.00000000 1,000.00000000 1.00000000 0.00000000
A-16 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-17 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-18 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-19 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-20 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-21 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-22 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-23 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-24 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-25 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-26 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-27 0.00000000 15.06970965 984.93029035 0.98493029 15.06970965
A-28 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
A-LR 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
B-1 0.00000000 0.81084493 999.18915507 0.99918916 0.81084493
B-2 0.00000000 0.81084444 999.18915556 0.99918916 0.81084444
B-3 0.00000000 0.81084444 999.18915556 0.99918916 0.81084444
B-4 0.00000000 0.81084548 999.18915452 0.99918915 0.81084548
B-5 0.00000000 0.81084375 999.18915625 0.99918916 0.81084375
B-6 0.35254776 0.81084298 999.18915702 0.99918916 0.45829522
<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 1,442,259.83 0.00000% 1,442,259.83 0.00 0.00 0.00
A-1 24,954,000.00 6.50000% 24,954,000.00 135,167.50 0.00 0.00
A-2 357,679,000.00 6.50000% 357,679,000.00 1,937,427.92 0.00 0.00
A-3 49,904,877.00 6.25000% 49,904,877.00 259,921.23 0.00 0.00
A-4 4,611,849.00 0.00000% 4,611,849.00 0.00 0.00 0.00
A-5 40,432,000.00 6.50000% 40,432,000.00 219,006.67 0.00 0.00
A-6 10,285,000.00 6.50000% 10,285,000.00 55,710.42 0.00 0.00
A-7 26,751,000.00 6.50000% 26,751,000.00 144,901.25 0.00 0.00
A-8 0.00 6.50000% 1,919,418.35 10,396.85 0.00 0.00
A-9 29,946,000.00 6.37500% 29,946,000.00 159,088.12 0.00 0.00
A-10 16,345,000.00 6.50000% 16,345,000.00 88,535.42 0.00 0.00
A-11 4,991,000.00 7.25000% 4,991,000.00 30,153.96 0.00 0.00
A-12 7,850,000.00 6.75000% 7,850,000.00 44,156.25 0.00 0.00
A-13 5,405,000.00 6.75000% 5,405,000.00 30,403.12 0.00 0.00
A-14 5,259,000.00 6.75000% 5,259,000.00 29,581.88 0.00 0.00
A-15 1,959,000.00 6.75000% 1,959,000.00 11,019.38 0.00 0.00
A-16 3,000,000.00 6.75000% 3,000,000.00 16,875.00 0.00 0.00
A-17 2,500,000.00 6.75000% 2,500,000.00 14,062.50 0.00 0.00
A-18 2,363,000.00 6.75000% 2,363,000.00 13,291.88 0.00 0.00
A-19 500,000.00 6.50000% 500,000.00 2,708.33 0.00 0.00
A-20 500,000.00 7.00000% 500,000.00 2,916.67 0.00 0.00
A-21 17,862,000.00 7.00000% 17,862,000.00 104,195.00 0.00 0.00
A-22 17,128,000.00 7.00000% 17,128,000.00 99,913.33 0.00 0.00
A-23 5,213,000.00 7.00000% 5,213,000.00 30,409.17 0.00 0.00
A-24 12,059,470.00 5.83500% 12,059,470.00 58,639.17 0.00 0.00
A-25 3,126,530.00 10.27929% 3,126,530.00 26,782.08 0.00 0.00
A-26 193,074.00 0.00000% 193,074.00 0.00 0.00 0.00
A-27 97,778,000.00 6.50000% 97,778,000.00 529,630.83 0.00 0.00
A-28 18,009,000.00 6.50000% 18,009,000.00 97,548.75 0.00 0.00
A-R 100.00 6.50000% 100.00 0.54 0.00 0.00
A-LR 100.00 6.50000% 100.00 0.54 0.00 0.00
B-1 12,001,000.00 6.50000% 12,001,000.00 65,005.42 0.00 0.00
B-2 10,800,000.00 6.50000% 10,800,000.00 58,500.00 0.00 0.00
B-3 3,600,000.00 6.50000% 3,600,000.00 19,500.00 0.00 0.00
B-4 2,401,000.00 6.50000% 2,401,000.00 13,005.42 0.00 0.00
B-5 1,600,000.00 6.50000% 1,600,000.00 8,666.67 0.00 0.00
B-6 1,600,322.18 6.50000% 1,600,322.18 8,668.41 0.00 0.00
Totals 800,049,582.01 4,325,789.68 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 1,440,698.16
A-1 0.00 0.00 135,167.50 0.00 24,954,000.00
A-2 0.00 0.00 1,937,427.92 0.00 352,412,703.95
A-3 0.00 0.00 259,921.23 0.00 49,904,877.00
A-4 0.00 0.00 0.00 0.00 4,611,849.00
A-5 0.00 0.00 219,006.67 0.00 39,917,666.56
A-6 0.00 0.00 55,710.42 0.00 9,766,157.67
A-7 0.00 0.00 144,901.25 0.00 26,751,000.00
A-8 0.00 0.00 10,396.85 0.00 1,919,418.35
A-9 0.00 0.00 159,088.12 0.00 29,505,093.51
A-10 0.00 0.00 88,535.42 0.00 16,345,000.00
A-11 0.00 0.00 30,153.96 0.00 4,917,515.58
A-12 0.00 0.00 44,156.25 0.00 7,850,000.00
A-13 0.00 0.00 30,403.12 0.00 5,405,000.00
A-14 0.00 0.00 29,581.88 0.00 5,259,000.00
A-15 0.00 0.00 11,019.38 0.00 1,959,000.00
A-16 0.00 0.00 16,875.00 0.00 3,000,000.00
A-17 0.00 0.00 14,062.50 0.00 2,500,000.00
A-18 0.00 0.00 13,291.88 0.00 2,363,000.00
A-19 0.00 0.00 2,708.33 0.00 500,000.00
A-20 0.00 0.00 2,916.67 0.00 500,000.00
A-21 0.00 0.00 104,195.00 0.00 17,862,000.00
A-22 0.00 0.00 99,913.33 0.00 17,128,000.00
A-23 0.00 0.00 30,409.17 0.00 5,213,000.00
A-24 0.00 0.00 58,639.17 0.00 12,059,470.00
A-25 0.00 0.00 26,782.08 0.00 3,126,530.00
A-26 0.00 0.00 0.00 0.00 193,074.00
A-27 0.00 0.00 529,630.83 0.00 96,304,513.93
A-28 0.00 0.00 97,548.75 0.00 18,009,000.00
A-R 0.00 0.00 0.54 0.00 0.00
A-LR 0.00 0.00 0.54 0.00 0.00
B-1 0.00 0.00 65,005.42 0.00 11,991,269.05
B-2 0.00 0.00 58,500.00 0.00 10,791,242.88
B-3 0.00 0.00 19,500.00 0.00 3,597,080.96
B-4 0.00 0.00 13,005.42 0.00 2,399,053.16
B-5 0.00 0.00 8,666.67 0.00 1,598,702.65
B-6 0.00 0.00 8,668.41 0.00 1,599,024.57
Totals 0.00 0.00 4,325,789.68 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 1,442,259.83 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-1 24,954,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
A-2 357,679,000.00 6.50000% 1000.00000000 5.41666668 0.00000000 0.00000000
A-3 49,904,877.00 6.25000% 1000.00000000 5.20833325 0.00000000 0.00000000
A-4 4,611,849.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 40,432,000.00 6.50000% 1000.00000000 5.41666675 0.00000000 0.00000000
A-6 10,285,000.00 6.50000% 1000.00000000 5.41666699 0.00000000 0.00000000
A-7 26,751,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
A-8 0.00 6.50000% 1000.00000000 5.41666698 0.00000000 0.00000000
A-9 29,946,000.00 6.37500% 1000.00000000 5.31249983 0.00000000 0.00000000
A-10 16,345,000.00 6.50000% 1000.00000000 5.41666687 0.00000000 0.00000000
A-11 4,991,000.00 7.25000% 1000.00000000 6.04166700 0.00000000 0.00000000
A-12 7,850,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-13 5,405,000.00 6.75000% 1000.00000000 5.62499907 0.00000000 0.00000000
A-14 5,259,000.00 6.75000% 1000.00000000 5.62500095 0.00000000 0.00000000
A-15 1,959,000.00 6.75000% 1000.00000000 5.62500255 0.00000000 0.00000000
A-16 3,000,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-17 2,500,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-18 2,363,000.00 6.75000% 1000.00000000 5.62500212 0.00000000 0.00000000
A-19 500,000.00 6.50000% 1000.00000000 5.41666000 0.00000000 0.00000000
A-20 500,000.00 7.00000% 1000.00000000 5.83334000 0.00000000 0.00000000
A-21 17,862,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-22 17,128,000.00 7.00000% 1000.00000000 5.83333314 0.00000000 0.00000000
A-23 5,213,000.00 7.00000% 1000.00000000 5.83333397 0.00000000 0.00000000
A-24 12,059,470.00 5.83500% 1000.00000000 4.86249976 0.00000000 0.00000000
A-25 3,126,530.00 10.27929% 1000.00000000 8.56607165 0.00000000 0.00000000
A-26 193,074.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-27 97,778,000.00 6.50000% 1000.00000000 5.41666663 0.00000000 0.00000000
A-28 18,009,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
A-R 100.00 6.50000% 1000.00000000 5.40000000 0.00000000 0.00000000
A-LR 100.00 6.50000% 1000.00000000 5.40000000 0.00000000 0.00000000
B-1 12,001,000.00 6.50000% 1000.00000000 5.41666694 0.00000000 0.00000000
B-2 10,800,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B-3 3,600,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
B-4 2,401,000.00 6.50000% 1000.00000000 5.41666805 0.00000000 0.00000000
B-5 1,600,000.00 6.50000% 1000.00000000 5.41666875 0.00000000 0.00000000
B-6 1,600,322.18 6.50000% 1000.00000000 5.41666554 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination, except Class A-R and Class A-LR, 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 998.91720620
A-1 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 5.41666668 0.00000000 985.27647402
A-3 0.00000000 0.00000000 5.20833325 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.41666675 0.00000000 987.27905026
A-6 0.00000000 0.00000000 5.41666699 0.00000000 949.55349246
A-7 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.41666698 0.00000000 1000.00000000
A-9 0.00000000 0.00000000 5.31249983 0.00000000 985.27661491
A-10 0.00000000 0.00000000 5.41666687 0.00000000 1000.00000000
A-11 0.00000000 0.00000000 6.04166700 0.00000000 985.27661391
A-12 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 5.62499907 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 5.62500095 0.00000000 1000.00000000
A-15 0.00000000 0.00000000 5.62500255 0.00000000 1000.00000000
A-16 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-17 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-18 0.00000000 0.00000000 5.62500212 0.00000000 1000.00000000
A-19 0.00000000 0.00000000 5.41666000 0.00000000 1000.00000000
A-20 0.00000000 0.00000000 5.83334000 0.00000000 1000.00000000
A-21 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000
A-22 0.00000000 0.00000000 5.83333314 0.00000000 1000.00000000
A-23 0.00000000 0.00000000 5.83333397 0.00000000 1000.00000000
A-24 0.00000000 0.00000000 4.86249976 0.00000000 1000.00000000
A-25 0.00000000 0.00000000 8.56607165 0.00000000 1000.00000000
A-26 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
A-27 0.00000000 0.00000000 5.41666663 0.00000000 984.93029035
A-28 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.40000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 5.40000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.41666694 0.00000000 999.18915507
B-2 0.00000000 0.00000000 5.41666667 0.00000000 999.18915556
B-3 0.00000000 0.00000000 5.41666667 0.00000000 999.18915556
B-4 0.00000000 0.00000000 5.41666805 0.00000000 999.18915452
B-5 0.00000000 0.00000000 5.41666875 0.00000000 999.18915625
B-6 0.00000000 0.00000000 5.41666554 0.00000000 999.18915702
<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 12,769,124.25
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 43,734.46
Realized Losses 0.00
Total Deposits 12,812,858.71
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 172,573.84
Payment of Interest and Principal 12,640,284.86
Total Withdrawals (Pool Distribution Amount) 12,812,858.70
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 5,420.94
Servicing Fee Support 5,420.94
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 166,661.78
Master Servicing Fee 11,333.00
Supported Prepayment/Curtailment Interest Shortfall 5,420.94
Net Servicing Fee 172,573.84
</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 4 1,204,822.00 0.182399% 0.152175%
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 4 1,204,822.00 0.182399% 0.152175%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 564.19
Cumulative Realized Losses - Includes Interest Shortfall 564.19
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,106,685.02
</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 32,002,322.18 4.00004236% 31,976,373.27 4.03877466% 95.953863% 100.000000%
Class B-1 20,001,322.18 2.50001033% 19,985,104.22 2.52421786% 1.517318% 0.000000%
Class B-2 9,201,322.18 1.15009399% 9,193,861.34 1.16123032% 1.365472% 0.000000%
Class B-3 5,601,322.18 0.70012188% 5,596,780.38 0.70690114% 0.455157% 0.000000%
Class B-4 3,200,322.18 0.40001548% 3,197,727.22 0.40388882% 0.303565% 0.000000%
Class B-5 1,600,322.18 0.20002788% 1,599,024.57 0.20196474% 0.202292% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.202333% 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 194,841.00 0.02435362% 194,841.00 0.02460939%
Fraud 16,000,991.64 2.00000000% 16,000,991.64 2.02100467%
Special Hazard 11,064,577.21 1.38298644% 11,064,577.21 1.39751102%
<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 7.143919%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 356
Begin Scheduled Collateral Loan Count 2,209
Number Of Loans Paid In Full 16
End Scheduled Collateral Loan Count 2,193
Begining Scheduled Collateral Balance 800,049,582.01
Ending Scheduled Collateral Balance 791,734,522.62
Ending Actual Collateral Balance at 31-Mar-1999 790,643,540.40
Ending Scheduled Balance For Norwest 607,227,190.65
Ending Scheduled Balance For Other Services 184,507,331.97
Monthly P &I Constant 5,157,298.31
Class A Optimal Amount 12,439,992.56
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 705,917,432.50
Ending scheduled Balance For discounted Loans 85,817,090.12
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 741,163,465.55
Greater Than 80%, less than or equal to 85% 8,178,695.41
Greater than 85%, less than or equal to 95% 41,429,476.84
Greater than 95% 1,097,774.73
</TABLE>
