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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 27, 1999
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-9 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 December 27, 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 December 27,
1999 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-9 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 12/28/99
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 December 27,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 11/30/99
Distribution Date: 12/27/99
NASCOR Series: 1999-9
Contact: Customer Service - SecuritiesLink
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
APO NMB9909PO PO 0.00000% 1,396,019.76 0.00 2,502.72
A-1 66937RQG7 SEQ 6.50000% 24,954,000.00 135,167.50 0.00
A-2 66937RQH5 SEQ 6.50000% 332,567,255.11 1,801,405.97 2,765,580.98
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% 37,978,704.73 205,717.98 270,205.83
A-6 66937RQM4 SEQ 6.50000% 7,810,958.25 42,309.36 272,468.63
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% 27,843,586.60 147,919.05 231,540.84
A-10 66937RQR3 SEQ 6.50000% 16,345,000.00 88,535.42 0.00
A-11 66937RQS1 SEQ 7.25000% 4,640,597.77 28,036.94 38,590.14
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 30,403.13 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 6.31000% 12,059,470.00 63,412.71 0.00
A-25 66937RRG6 SEQ 8.44714% 3,126,530.00 22,008.54 0.00
A-26 66937RRH4 SEQ 0.00000% 193,074.00 0.00 0.00
A-27 66937RRJ0 SEQ 6.50000% 90,751,846.17 491,572.50 773,797.18
A-28 66937RRK7 SEQ 6.50000% 18,009,000.00 97,548.75 0.00
A-R 66937RRL5 R 6.50000% 0.00 0.00 0.00
A-LR 66937RRM3 R 6.50000% 0.00 129.52 0.00
B-1 66937RRN1 SUB 6.50000% 11,920,506.82 64,569.41 10,429.99
B-2 66937RRP6 SUB 6.50000% 10,727,562.18 58,107.63 9,386.21
B-3 66937RRQ4 SUB 6.50000% 3,575,854.06 19,369.21 3,128.74
B-4 66937RSC4 SUB 6.50000% 2,384,896.00 12,918.19 2,086.69
B-5 66937RSD2 SUB 6.50000% 1,589,268.47 8,608.54 1,390.55
B-6 66937RSE0 SUB 6.50000% 1,589,588.49 8,610.27 1,390.83
Totals 760,270,444.41 4,110,699.34 4,382,499.33
</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 1,393,517.04 2,502.72 0.00
A-1 0.00 24,954,000.00 135,167.50 0.00
A-2 0.00 329,801,674.13 4,566,986.95 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 37,708,498.90 475,923.81 0.00
A-6 0.00 7,538,489.62 314,777.99 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 27,612,045.76 379,459.89 0.00
A-10 0.00 16,345,000.00 88,535.42 0.00
A-11 0.00 4,602,007.63 66,627.08 0.00
A-12 0.00 7,850,000.00 44,156.25 0.00
A-13 0.00 5,405,000.00 30,403.13 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 63,412.71 0.00
A-25 0.00 3,126,530.00 22,008.54 0.00
A-26 0.00 193,074.00 0.00 0.00
A-27 0.00 89,978,048.99 1,265,369.68 0.00
A-28 0.00 18,009,000.00 97,548.75 0.00
A-R 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 129.52 0.00
B-1 0.00 11,910,076.84 74,999.40 0.00
B-2 0.00 10,718,175.97 67,493.84 0.00
B-3 0.00 3,572,725.32 22,497.95 0.00
B-4 0.00 2,382,809.31 15,004.88 0.00
B-5 0.00 1,587,877.92 9,999.09 0.00
B-6 0.00 1,588,197.66 10,001.10 2,466.48
Totals 0.00 755,887,945.09 8,493,198.67 2,466.48
<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 1,442,259.83 1,396,019.76 1,383.01 1,119.70 0.00 0.00
A-1 24,954,000.00 24,954,000.00 0.00 0.00 0.00 0.00
A-2 357,679,000.00 332,567,255.11 404,254.08 2,361,326.90 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 37,978,704.73 39,496.88 230,708.95 0.00 0.00
A-6 10,285,000.00 7,810,958.25 39,827.64 232,641.00 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 27,843,586.60 33,845.09 197,695.75 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 4,640,597.77 5,640.85 32,949.29 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 90,751,846.17 113,108.48 660,688.70 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 0.00 0.00 0.00 0.00 0.00
A-LR 100.00 0.00 0.00 0.00 0.00 0.00
B-1 12,001,000.00 11,920,506.82 10,429.99 0.00 0.00 0.00
B-2 10,800,000.00 10,727,562.18 9,386.21 0.00 0.00 0.00
B-3 3,600,000.00 3,575,854.06 3,128.74 0.00 0.00 0.00
B-4 2,401,000.00 2,384,896.00 2,086.69 0.00 0.00 0.00
B-5 1,600,000.00 1,589,268.47 1,390.55 0.00 0.00 0.00
B-6 1,600,322.18 1,589,588.49 1,390.83 0.00 0.00 0.00
Totals 800,049,582.01 760,270,444.41 665,369.04 3,717,130.29 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
APO 2,502.72 1,393,517.04 0.96620388 2,502.72
A-1 0.00 24,954,000.00 1.00000000 0.00
A-2 2,765,580.98 329,801,674.13 0.92206049 2,765,580.98
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-5 270,205.83 37,708,498.90 0.93263996 270,205.83
A-6 272,468.63 7,538,489.62 0.73295961 272,468.63
A-7 0.00 26,751,000.00 1.00000000 0.00
A-8 0.00 0.00 0.00000000 0.00
A-9 231,540.84 27,612,045.76 0.92206124 231,540.84
A-10 0.00 16,345,000.00 1.00000000 0.00
A-11 38,590.14 4,602,007.63 0.92206124 38,590.14
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-27 773,797.18 89,978,048.99 0.92022796 773,797.18
A-28 0.00 18,009,000.00 1.00000000 0.00
A-R 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B-1 10,429.99 11,910,076.84 0.99242370 10,429.99
B-2 9,386.21 10,718,175.97 0.99242370 9,386.21
B-3 3,128.74 3,572,725.32 0.99242370 3,128.74
B-4 2,086.69 2,382,809.31 0.99242370 2,086.69
B-5 1,390.55 1,587,877.92 0.99242370 1,390.55
B-6 1,390.83 1,588,197.66 0.99242370 1,390.83
Totals 4,382,499.33 755,887,945.09 0.94480137 4,382,499.33
</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 1,442,259.83 967.93915421 0.95891875 0.77635110 0.00000000
A-1 24,954,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 357,679,000.00 929.79250979 1.13021475 6.60180469 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 40,432,000.00 939.32293060 0.97687178 5.70609789 0.00000000
A-6 10,285,000.00 759.45145843 3.87240058 22.61944579 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 29,946,000.00 929.79318106 1.13020403 6.60174147 0.00000000
A-10 16,345,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-11 4,991,000.00 929.79318173 1.13020437 6.60174113 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 97,778,000.00 928.14177187 1.15678864 6.75702817 0.00000000
A-28 18,009,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 12,001,000.00 993.29279393 0.86909341 0.00000000 0.00000000
B-2 10,800,000.00 993.29279444 0.86909352 0.00000000 0.00000000
B-3 3,600,000.00 993.29279444 0.86909444 0.00000000 0.00000000
B-4 2,401,000.00 993.29279467 0.86909204 0.00000000 0.00000000
B-5 1,600,000.00 993.29279375 0.86909375 0.00000000 0.00000000
B-6 1,600,322.18 993.29279433 0.86909375 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 1.73527678 966.20387742 0.96620388 1.73527678
A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2 0.00000000 7.73201944 922.06049036 0.92206049 7.73201944
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 6.68296968 932.63996092 0.93263996 6.68296968
A-6 0.00000000 26.49184541 732.95961303 0.73295961 26.49184541
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 7.73194550 922.06123556 0.92206124 7.73194550
A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-11 0.00000000 7.73194550 922.06123623 0.92206124 7.73194550
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 7.91381681 920.22795506 0.92022796 7.91381681
A-28 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.86909341 992.42370136 0.99242370 0.86909341
B-2 0.00000000 0.86909352 992.42370093 0.99242370 0.86909352
B-3 0.00000000 0.86909444 992.42370000 0.99242370 0.86909444
B-4 0.00000000 0.86909204 992.42370262 0.99242370 0.86909204
B-5 0.00000000 0.86909375 992.42370000 0.99242370 0.86909375
B-6 0.00000000 0.86909375 992.42370058 0.99242370 0.86909375
<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% 1,396,019.76 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% 332,567,255.11 1,801,405.97 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% 37,978,704.73 205,717.98 0.00 0.00
A-6 10,285,000.00 6.50000% 7,810,958.25 42,309.36 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% 27,843,586.60 147,919.05 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% 4,640,597.77 28,036.94 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 30,403.13 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 6.31000% 12,059,470.00 63,412.71 0.00 0.00
A-25 3,126,530.00 8.44714% 3,126,530.00 22,008.54 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% 90,751,846.17 491,572.50 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% 0.00 0.00 0.00 0.00
A-LR 100.00 6.50000% 0.00 0.00 0.00 0.00
B-1 12,001,000.00 6.50000% 11,920,506.82 64,569.41 0.00 0.00
B-2 10,800,000.00 6.50000% 10,727,562.18 58,107.63 0.00 0.00
B-3 3,600,000.00 6.50000% 3,575,854.06 19,369.21 0.00 0.00
B-4 2,401,000.00 6.50000% 2,384,896.00 12,918.19 0.00 0.00
B-5 1,600,000.00 6.50000% 1,589,268.47 8,608.54 0.00 0.00
B-6 1,600,322.18 6.50000% 1,589,588.49 8,610.27 0.00 0.00
Totals 800,049,582.01 4,110,569.82 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 1,393,517.04
A-1 0.00 0.00 135,167.50 0.00 24,954,000.00
A-2 0.00 0.00 1,801,405.97 0.00 329,801,674.13
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 0.00 205,717.98 0.00 37,708,498.90
A-6 0.00 0.00 42,309.36 0.00 7,538,489.62
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 0.00 147,919.05 0.00 27,612,045.76
A-10 0.00 0.00 88,535.42 0.00 16,345,000.00
A-11 0.00 0.00 28,036.94 0.00 4,602,007.63
A-12 0.00 0.00 44,156.25 0.00 7,850,000.00
A-13 0.00 0.00 30,403.13 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 63,412.71 0.00 12,059,470.00
A-25 0.00 0.00 22,008.54 0.00 3,126,530.00
A-26 0.00 0.00 0.00 0.00 193,074.00
A-27 0.00 0.00 491,572.50 0.00 89,978,048.99
A-28 0.00 0.00 97,548.75 0.00 18,009,000.00
A-R 0.00 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 129.52 0.00 0.00
B-1 0.00 0.00 64,569.41 0.00 11,910,076.84
B-2 0.00 0.00 58,107.63 0.00 10,718,175.97
B-3 0.00 0.00 19,369.21 0.00 3,572,725.32
B-4 0.00 0.00 12,918.19 0.00 2,382,809.31
B-5 0.00 0.00 8,608.54 0.00 1,587,877.92
B-6 0.00 0.00 8,610.27 0.00 1,588,197.66
Totals 0.00 0.00 4,110,699.34 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% 967.93915421 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% 929.79250979 5.03637611 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% 939.32293060 5.08799911 0.00000000 0.00000000
A-6 10,285,000.00 6.50000% 759.45145843 4.11369567 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% 929.79318106 4.93952615 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% 929.79318173 5.61749950 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 5.62500093 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 6.31000% 1000.00000000 5.25833308 0.00000000 0.00000000
A-25 3,126,530.00 8.44714% 1000.00000000 7.03928637 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% 928.14177187 5.02743460 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% 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 12,001,000.00 6.50000% 993.29279393 5.38033581 0.00000000 0.00000000
B-2 10,800,000.00 6.50000% 993.29279444 5.38033611 0.00000000 0.00000000
B-3 3,600,000.00 6.50000% 993.29279444 5.38033611 0.00000000 0.00000000
B-4 2,401,000.00 6.50000% 993.29279467 5.38033736 0.00000000 0.00000000
B-5 1,600,000.00 6.50000% 993.29279375 5.38033750 0.00000000 0.00000000
B-6 1,600,322.18 6.50000% 993.29279433 5.38033535 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 966.20387742
A-1 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 5.03637611 0.00000000 922.06049036
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 5.08799911 0.00000000 932.63996092
A-6 0.00000000 0.00000000 4.11369567 0.00000000 732.95961303
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 4.93952615 0.00000000 922.06123556
A-10 0.00000000 0.00000000 5.41666687 0.00000000 1000.00000000
A-11 0.00000000 0.00000000 5.61749950 0.00000000 922.06123623
A-12 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 5.62500093 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 5.25833308 0.00000000 1000.00000000
A-25 0.00000000 0.00000000 7.03928637 0.00000000 1000.00000000
A-26 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
A-27 0.00000000 0.00000000 5.02743460 0.00000000 920.22795506
A-28 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 1295.20000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.38033581 0.00000000 992.42370136
B-2 0.00000000 0.00000000 5.38033611 0.00000000 992.42370093
B-3 0.00000000 0.00000000 5.38033611 0.00000000 992.42370000
B-4 0.00000000 0.00000000 5.38033736 0.00000000 992.42370262
B-5 0.00000000 0.00000000 5.38033750 0.00000000 992.42370000
B-6 0.00000000 0.00000000 5.38033535 0.00000000 992.42370058
<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 48,994.85
Deposits
Payments of Interest and Principal 8,720,953.00
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 8,720,953.00
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 167,158.54
Payment of Interest and Principal 8,493,198.64
Total Withdrawals (Pool Distribution Amount) 8,660,357.18
Ending Balance 109,590.67
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,004.58
Servicing Fee Support 2,004.58
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 158,392.44
Master Servicing Fee 10,770.68
Supported Prepayment/Curtailment Interest Shortfall 2,004.58
Net Servicing Fee 167,158.54
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 0 0.00 0.000000% 0.000000%
60 Days 1 435,023.42 0.047348% 0.057551%
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 1 435,023.42 0.047348% 0.057551%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 2,466.48
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,072,229.49
</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% 31,759,863.02 4.20166286% 95.790577% 100.000000%
Class B-1 20,001,322.18 2.50001033% 19,849,786.18 2.62602232% 1.578551% 0.000000%
Class B-2 9,201,322.18 1.15009399% 9,131,610.21 1.20806401% 1.420577% 0.000000%
Class B-3 5,601,322.18 0.70012188% 5,558,884.89 0.73541124% 0.473526% 0.000000%
Class B-4 3,200,322.18 0.40001548% 3,176,075.58 0.42017810% 0.315815% 0.000000%
Class B-5 1,600,322.18 0.20002788% 1,588,197.66 0.21011020% 0.210456% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.210498% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
<S> Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 194,841.00 0.02435362% 194,841.00 0.02577644%
Fraud 16,000,991.64 2.00000000% 16,000,991.64 2.11684705%
Special Hazard 11,064,577.21 1.38298644% 11,064,577.21 1.46378538%
<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 7.133299%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 348
Beginning Scheduled Collateral Loan Count 2,122
Number Of Loans Paid In Full 10
Ending Scheduled Collateral Loan Count 2,112
Beginning Scheduled Collateral Balance 760,270,444.41
Ending Scheduled Collateral Balance 755,887,945.09
Ending Actual Collateral Balance at 30-Nov-1999 757,869,860.37
Ending Scheduled Balance For Norwest 582,510,233.24
Ending Scheduled Balance For Other Services 173,377,711.85
Monthly P &I Constant 4,948,370.64
Class A Optimal Amount 8,290,570.18
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 673,195,928.28
Ending scheduled Balance For discounted Loans 82,692,016.81
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 707,455,182.04
Greater Than 80%, less than or equal to 85% 8,122,145.28
Greater than 85%, less than or equal to 95% 39,344,268.60
Greater than 95% 1,090,812.97
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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