|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-12 TRUST, 8-K, 1999-06-07 |
Next: TD WATERHOUSE GROUP INC, S-1/A, 1999-06-07 |
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): May 25, 1999
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-11 Trust
New York (governing law of 333-65481-15 PENDING
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 May 25, 1999 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-11
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
1999-11 Trust, relating to the May 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 1999-11 Trust
By: Norwest Bank Minnesota, N.A, as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 05/28/1999
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1999-11 Trust, relating to the May 25,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 04/30/1999
Distribution Date: 05/25/1999
NASCOR Series: 1999-11
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 NMB9911PO PO 0.00000% 4,876,053.95 0.00 5,547.03
A-1 66937RSJ9 SEQ 6.75000% 99,414,000.00 559,203.75 2,079,997.24
A-2 66937RSK6 SEQ 6.75000% 78,768,000.00 443,070.00 1,348,919.85
A-3 66937RSL4 SEQ 7.00000% 2,605,000.00 15,195.83 0.00
A-4 66937RSM2 SEQ 6.75000% 1,640,000.00 9,225.00 0.00
A-5 66937RSN0 SEQ 7.00000% 2,208,000.00 12,880.00 0.00
A-6 66937RSP5 SEQ 7.00000% 1,908,000.00 11,130.00 0.00
A-7 66937RSQ3 SEQ 7.25000% 1,640,000.00 9,908.33 0.00
A-8 66937RSR1 SEQ 6.75000% 3,627,000.00 20,401.88 0.00
A-9 66937RSS9 SEQ 6.75000% 5,320,000.00 29,925.00 0.00
A-10 66937RST7 SEQ 6.75000% 2,067,000.00 11,626.88 0.00
A-11 66937RSU4 SEQ 6.75000% 4,877,000.00 27,433.12 0.00
A-12 66937RSV2 SEQ 6.75000% 3,695,000.00 20,784.38 0.00
A-13 66937RSW0 SEQ 6.75000% 9,195,000.00 51,721.88 0.00
A-14 66937RSX8 SEQ 8.00000% 500,000.00 3,333.33 0.00
A-15 66937RSY6 SEQ 6.50000% 750,000.00 4,062.50 0.00
A-16 66937RSZ3 SEQ 7.00000% 750,000.00 4,375.00 0.00
A-17 66937RTA7 SEQ 6.75000% 100,000,000.00 562,500.00 1,901,139.91
A-18 66937RTB5 SEQ 6.50000% 49,457,000.00 267,892.08 846,962.33
A-19 66937RTC3 SEQ 7.00000% 49,457,000.00 288,499.17 846,962.33
A-20 66937RTD1 SEQ 6.50000% 10,001,000.00 54,172.08 0.00
A-21 66937RTE9 SEQ 6.75000% 47,500,000.00 267,187.50 0.00
A-R 66937RTF6 R 6.75000% 100.00 0.56 100.00
B-1 66937RTG4 SUB 6.75000% 11,507,000.00 64,726.88 9,357.64
B-2 66937RTH2 SUB 6.75000% 3,502,000.00 19,698.75 2,847.87
B-3 66937RTJ8 SUB 6.75000% 1,500,000.00 8,437.50 1,219.82
B-4 66937RUJ6 SUB 6.75000% 1,501,000.00 8,443.12 1,220.63
B-5 66937RUK3 SUB 6.75000% 851,000.00 4,786.88 692.04
B-6 66937RUL1 SUB 6.75000% 1,149,780.27 6,467.51 507.91
Totals 500,265,934.22 2,787,088.91 7,045,474.60
</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 4,870,506.92 5,547.03 0.00
A-1 0.00 97,334,002.76 2,639,200.99 0.00
A-2 0.00 77,419,080.15 1,791,989.85 0.00
A-3 0.00 2,605,000.00 15,195.83 0.00
A-4 0.00 1,640,000.00 9,225.00 0.00
A-5 0.00 2,208,000.00 12,880.00 0.00
A-6 0.00 1,908,000.00 11,130.00 0.00
A-7 0.00 1,640,000.00 9,908.33 0.00
A-8 0.00 3,627,000.00 20,401.88 0.00
A-9 0.00 5,320,000.00 29,925.00 0.00
A-10 0.00 2,067,000.00 11,626.88 0.00
A-11 0.00 4,877,000.00 27,433.12 0.00
A-12 0.00 3,695,000.00 20,784.38 0.00
A-13 0.00 9,195,000.00 51,721.88 0.00
A-14 0.00 500,000.00 3,333.33 0.00
A-15 0.00 750,000.00 4,062.50 0.00
A-16 0.00 750,000.00 4,375.00 0.00
A-17 0.00 98,098,860.09 2,463,639.91 0.00
A-18 0.00 48,610,037.67 1,114,854.41 0.00
A-19 0.00 48,610,037.67 1,135,461.50 0.00
A-20 0.00 10,001,000.00 54,172.08 0.00
A-21 0.00 47,500,000.00 267,187.50 0.00
A-R 0.00 0.00 100.56 0.00
B-1 0.00 11,497,642.36 74,084.52 0.00
B-2 0.00 3,499,152.13 22,546.62 0.00
B-3 0.00 1,498,780.18 9,657.32 0.00
B-4 0.00 1,499,779.37 9,663.75 0.00
B-5 0.00 850,307.96 5,478.92 0.00
B-6 427.11 1,148,845.25 6,975.42 427.11
Totals 427.11 493,220,032.51 9,832,563.51 427.11
<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 4,876,053.95 4,876,053.95 4,387.36 1,159.67 0.00 0.00
A-1 99,414,000.00 99,414,000.00 114,476.76 1,965,520.48 0.00 0.00
A-2 78,768,000.00 78,768,000.00 74,240.47 1,274,679.38 0.00 0.00
A-3 2,605,000.00 2,605,000.00 0.00 0.00 0.00 0.00
A-4 1,640,000.00 1,640,000.00 0.00 0.00 0.00 0.00
A-5 2,208,000.00 2,208,000.00 0.00 0.00 0.00 0.00
A-6 1,908,000.00 1,908,000.00 0.00 0.00 0.00 0.00
A-7 1,640,000.00 1,640,000.00 0.00 0.00 0.00 0.00
A-8 3,627,000.00 3,627,000.00 0.00 0.00 0.00 0.00
A-9 5,320,000.00 5,320,000.00 0.00 0.00 0.00 0.00
A-10 2,067,000.00 2,067,000.00 0.00 0.00 0.00 0.00
A-11 4,877,000.00 4,877,000.00 0.00 0.00 0.00 0.00
A-12 3,695,000.00 3,695,000.00 0.00 0.00 0.00 0.00
A-13 9,195,000.00 9,195,000.00 0.00 0.00 0.00 0.00
A-14 500,000.00 500,000.00 0.00 0.00 0.00 0.00
A-15 750,000.00 750,000.00 0.00 0.00 0.00 0.00
A-16 750,000.00 750,000.00 0.00 0.00 0.00 0.00
A-17 100,000,000.00 100,000,000.00 104,632.99 1,796,506.91 0.00 0.00
A-18 49,457,000.00 49,457,000.00 46,614.25 800,348.09 0.00 0.00
A-19 49,457,000.00 49,457,000.00 46,614.25 800,348.09 0.00 0.00
A-20 10,001,000.00 10,001,000.00 0.00 0.00 0.00 0.00
A-21 47,500,000.00 47,500,000.00 0.00 0.00 0.00 0.00
A-R 100.00 100.00 5.50 94.50 0.00 0.00
B-1 11,507,000.00 11,507,000.00 9,357.64 0.00 0.00 0.00
B-2 3,502,000.00 3,502,000.00 2,847.87 0.00 0.00 0.00
B-3 1,500,000.00 1,500,000.00 1,219.82 0.00 0.00 0.00
B-4 1,501,000.00 1,501,000.00 1,220.63 0.00 0.00 0.00
B-5 851,000.00 851,000.00 692.04 0.00 0.00 0.00
B-6 1,149,780.27 1,149,780.27 507.91 0.00 0.00 427.11
Totals 500,265,934.22 500,265,934.22 406,817.49 6,638,657.12 0.00 427.11
<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 5,547.03 4,870,506.92 0.99886239 5,547.03
A-1 2,079,997.24 97,334,002.76 0.97907742 2,079,997.24
A-2 1,348,919.85 77,419,080.15 0.98287477 1,348,919.85
A-3 0.00 2,605,000.00 1.00000000 0.00
A-4 0.00 1,640,000.00 1.00000000 0.00
A-5 0.00 2,208,000.00 1.00000000 0.00
A-6 0.00 1,908,000.00 1.00000000 0.00
A-7 0.00 1,640,000.00 1.00000000 0.00
A-8 0.00 3,627,000.00 1.00000000 0.00
A-9 0.00 5,320,000.00 1.00000000 0.00
A-10 0.00 2,067,000.00 1.00000000 0.00
A-11 0.00 4,877,000.00 1.00000000 0.00
A-12 0.00 3,695,000.00 1.00000000 0.00
A-13 0.00 9,195,000.00 1.00000000 0.00
A-14 0.00 500,000.00 1.00000000 0.00
A-15 0.00 750,000.00 1.00000000 0.00
A-16 0.00 750,000.00 1.00000000 0.00
A-17 1,901,139.91 98,098,860.09 0.98098860 1,901,139.91
A-18 846,962.33 48,610,037.67 0.98287477 846,962.33
A-19 846,962.33 48,610,037.67 0.98287477 846,962.33
A-20 0.00 10,001,000.00 1.00000000 0.00
A-21 0.00 47,500,000.00 1.00000000 0.00
A-R 100.00 0.00 0.00000000 100.00
B-1 9,357.64 11,497,642.36 0.99918679 9,357.64
B-2 2,847.87 3,499,152.13 0.99918679 2,847.87
B-3 1,219.82 1,498,780.18 0.99918679 1,219.82
B-4 1,220.63 1,499,779.37 0.99918679 1,220.63
B-5 692.04 850,307.96 0.99918679 692.04
B-6 935.02 1,148,845.25 0.99918678 507.91
Totals 7,045,901.71 493,220,032.51 0.98591569 7,045,474.60
</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 4,876,053.95 1000.00000000 0.89977675 0.23782961 0.00000000
A-1 99,414,000.00 1000.00000000 1.15151548 19.77106323 0.00000000
A-2 78,768,000.00 1000.00000000 0.94252069 16.18270592 0.00000000
A-3 2,605,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 1,640,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 2,208,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 1,908,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-7 1,640,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 3,627,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-9 5,320,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-10 2,067,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-11 4,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-12 3,695,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-13 9,195,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-14 500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-15 750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-16 750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-17 100,000,000.00 1000.00000000 1.04632990 17.96506910 0.00000000
A-18 49,457,000.00 1000.00000000 0.94252078 16.18270599 0.00000000
A-19 49,457,000.00 1000.00000000 0.94252078 16.18270599 0.00000000
A-20 10,001,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-21 47,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 1000.00000000 55.00000000 945.00000000 0.00000000
B-1 11,507,000.00 1000.00000000 0.81321283 0.00000000 0.00000000
B-2 3,502,000.00 1000.00000000 0.81321245 0.00000000 0.00000000
B-3 1,500,000.00 1000.00000000 0.81321333 0.00000000 0.00000000
B-4 1,501,000.00 1000.00000000 0.81321119 0.00000000 0.00000000
B-5 851,000.00 1000.00000000 0.81320799 0.00000000 0.00000000
B-6 1,149,780.27 1000.00000000 0.44174527 0.00000000 0.00000000
<FN>
(2) Per $1,000 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 1.13760636 998.86239364 0.99886239 1.13760636
A-1 0.00000000 20.92257871 979.07742129 0.97907742 20.92257871
A-2 0.00000000 17.12522661 982.87477339 0.98287477 17.12522661
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 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
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 0.00000000 1,000.00000000 1.00000000 0.00000000
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 0.00000000 1,000.00000000 1.00000000 0.00000000
A-16 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-17 0.00000000 19.01139910 980.98860090 0.98098860 19.01139910
A-18 0.00000000 17.12522656 982.87477344 0.98287477 17.12522656
A-19 0.00000000 17.12522656 982.87477344 0.98287477 17.12522656
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-R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
B-1 0.00000000 0.81321283 999.18678717 0.99918679 0.81321283
B-2 0.00000000 0.81321245 999.18678755 0.99918679 0.81321245
B-3 0.00000000 0.81321333 999.18678667 0.99918679 0.81321333
B-4 0.00000000 0.81321119 999.18678881 0.99918679 0.81321119
B-5 0.00000000 0.81320799 999.18679201 0.99918679 0.81320799
B-6 0.37147098 0.81321625 999.18678375 0.99918678 0.44174527
<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 4,876,053.95 0.00000% 4,876,053.95 0.00 0.00 0.00
A-1 99,414,000.00 6.75000% 99,414,000.00 559,203.75 0.00 0.00
A-2 78,768,000.00 6.75000% 78,768,000.00 443,070.00 0.00 0.00
A-3 2,605,000.00 7.00000% 2,605,000.00 15,195.83 0.00 0.00
A-4 1,640,000.00 6.75000% 1,640,000.00 9,225.00 0.00 0.00
A-5 2,208,000.00 7.00000% 2,208,000.00 12,880.00 0.00 0.00
A-6 1,908,000.00 7.00000% 1,908,000.00 11,130.00 0.00 0.00
A-7 1,640,000.00 7.25000% 1,640,000.00 9,908.33 0.00 0.00
A-8 3,627,000.00 6.75000% 3,627,000.00 20,401.88 0.00 0.00
A-9 5,320,000.00 6.75000% 5,320,000.00 29,925.00 0.00 0.00
A-10 2,067,000.00 6.75000% 2,067,000.00 11,626.88 0.00 0.00
A-11 4,877,000.00 6.75000% 4,877,000.00 27,433.12 0.00 0.00
A-12 3,695,000.00 6.75000% 3,695,000.00 20,784.38 0.00 0.00
A-13 9,195,000.00 6.75000% 9,195,000.00 51,721.88 0.00 0.00
A-14 500,000.00 8.00000% 500,000.00 3,333.33 0.00 0.00
A-15 750,000.00 6.50000% 750,000.00 4,062.50 0.00 0.00
A-16 750,000.00 7.00000% 750,000.00 4,375.00 0.00 0.00
A-17 100,000,000.00 6.75000% 100,000,000.00 562,500.00 0.00 0.00
A-18 49,457,000.00 6.50000% 49,457,000.00 267,892.08 0.00 0.00
A-19 49,457,000.00 7.00000% 49,457,000.00 288,499.17 0.00 0.00
A-20 10,001,000.00 6.50000% 10,001,000.00 54,172.08 0.00 0.00
A-21 47,500,000.00 6.75000% 47,500,000.00 267,187.50 0.00 0.00
A-R 100.00 6.75000% 100.00 0.56 0.00 0.00
B-1 11,507,000.00 6.75000% 11,507,000.00 64,726.88 0.00 0.00
B-2 3,502,000.00 6.75000% 3,502,000.00 19,698.75 0.00 0.00
B-3 1,500,000.00 6.75000% 1,500,000.00 8,437.50 0.00 0.00
B-4 1,501,000.00 6.75000% 1,501,000.00 8,443.12 0.00 0.00
B-5 851,000.00 6.75000% 851,000.00 4,786.88 0.00 0.00
B-6 1,149,780.27 6.75000% 1,149,780.27 6,467.51 0.00 0.00
Totals 500,265,934.22 2,787,088.91 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 4,870,506.92
A-1 0.00 0.00 559,203.75 0.00 97,334,002.76
A-2 0.00 0.00 443,070.00 0.00 77,419,080.15
A-3 0.00 0.00 15,195.83 0.00 2,605,000.00
A-4 0.00 0.00 9,225.00 0.00 1,640,000.00
A-5 0.00 0.00 12,880.00 0.00 2,208,000.00
A-6 0.00 0.00 11,130.00 0.00 1,908,000.00
A-7 0.00 0.00 9,908.33 0.00 1,640,000.00
A-8 0.00 0.00 20,401.88 0.00 3,627,000.00
A-9 0.00 0.00 29,925.00 0.00 5,320,000.00
A-10 0.00 0.00 11,626.88 0.00 2,067,000.00
A-11 0.00 0.00 27,433.12 0.00 4,877,000.00
A-12 0.00 0.00 20,784.38 0.00 3,695,000.00
A-13 0.00 0.00 51,721.88 0.00 9,195,000.00
A-14 0.00 0.00 3,333.33 0.00 500,000.00
A-15 0.00 0.00 4,062.50 0.00 750,000.00
A-16 0.00 0.00 4,375.00 0.00 750,000.00
A-17 0.00 0.00 562,500.00 0.00 98,098,860.09
A-18 0.00 0.00 267,892.08 0.00 48,610,037.67
A-19 0.00 0.00 288,499.17 0.00 48,610,037.67
A-20 0.00 0.00 54,172.08 0.00 10,001,000.00
A-21 0.00 0.00 267,187.50 0.00 47,500,000.00
A-R 0.00 0.00 0.56 0.00 0.00
B-1 0.00 0.00 64,726.88 0.00 11,497,642.36
B-2 0.00 0.00 19,698.75 0.00 3,499,152.13
B-3 0.00 0.00 8,437.50 0.00 1,498,780.18
B-4 0.00 0.00 8,443.12 0.00 1,499,779.37
B-5 0.00 0.00 4,786.88 0.00 850,307.96
B-6 0.00 0.00 6,467.51 0.00 1,148,845.25
Totals 0.00 0.00 2,787,088.91 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 4,876,053.95 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-1 99,414,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-2 78,768,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-3 2,605,000.00 7.00000% 1000.00000000 5.83333205 0.00000000 0.00000000
A-4 1,640,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-5 2,208,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-6 1,908,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-7 1,640,000.00 7.25000% 1000.00000000 6.04166463 0.00000000 0.00000000
A-8 3,627,000.00 6.75000% 1000.00000000 5.62500138 0.00000000 0.00000000
A-9 5,320,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-10 2,067,000.00 6.75000% 1000.00000000 5.62500242 0.00000000 0.00000000
A-11 4,877,000.00 6.75000% 1000.00000000 5.62499897 0.00000000 0.00000000
A-12 3,695,000.00 6.75000% 1000.00000000 5.62500135 0.00000000 0.00000000
A-13 9,195,000.00 6.75000% 1000.00000000 5.62500054 0.00000000 0.00000000
A-14 500,000.00 8.00000% 1000.00000000 6.66666000 0.00000000 0.00000000
A-15 750,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
A-16 750,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-17 100,000,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-18 49,457,000.00 6.50000% 1000.00000000 5.41666660 0.00000000 0.00000000
A-19 49,457,000.00 7.00000% 1000.00000000 5.83333340 0.00000000 0.00000000
A-20 10,001,000.00 6.50000% 1000.00000000 5.41666633 0.00000000 0.00000000
A-21 47,500,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-R 100.00 6.75000% 1000.00000000 5.60000000 0.00000000 0.00000000
B-1 11,507,000.00 6.75000% 1000.00000000 5.62500043 0.00000000 0.00000000
B-2 3,502,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
B-3 1,500,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
B-4 1,501,000.00 6.75000% 1000.00000000 5.62499667 0.00000000 0.00000000
B-5 851,000.00 6.75000% 1000.00000000 5.62500588 0.00000000 0.00000000
B-6 1,149,780.27 6.75000% 1000.00000000 5.62499650 0.00000000 0.00000000
<FN>
(5) Per $1,000 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 998.86239364
A-1 0.00000000 0.00000000 5.62500000 0.00000000 979.07742129
A-2 0.00000000 0.00000000 5.62500000 0.00000000 982.87477339
A-3 0.00000000 0.00000000 5.83333205 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000
A-7 0.00000000 0.00000000 6.04166463 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.62500138 0.00000000 1000.00000000
A-9 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-10 0.00000000 0.00000000 5.62500242 0.00000000 1000.00000000
A-11 0.00000000 0.00000000 5.62499897 0.00000000 1000.00000000
A-12 0.00000000 0.00000000 5.62500135 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 5.62500054 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 6.66666000 0.00000000 1000.00000000
A-15 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
A-16 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000
A-17 0.00000000 0.00000000 5.62500000 0.00000000 980.98860090
A-18 0.00000000 0.00000000 5.41666660 0.00000000 982.87477344
A-19 0.00000000 0.00000000 5.83333340 0.00000000 982.87477344
A-20 0.00000000 0.00000000 5.41666633 0.00000000 1000.00000000
A-21 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.60000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.62500043 0.00000000 999.18678717
B-2 0.00000000 0.00000000 5.62500000 0.00000000 999.18678755
B-3 0.00000000 0.00000000 5.62500000 0.00000000 999.18678667
B-4 0.00000000 0.00000000 5.62499667 0.00000000 999.18678881
B-5 0.00000000 0.00000000 5.62500588 0.00000000 999.18679201
B-6 0.00000000 0.00000000 5.62499650 0.00000000 999.18678375
<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 9,799,603.61
Liquidations, Insurance Proceeds, Reserve Funds 520.83
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 136,912.23
Realized Losses 0.00
Total Deposits 9,937,036.67
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 104,473.17
Payment of Interest and Principal 9,832,563.50
Total Withdrawals (Pool Distribution Amount) 9,937,036.67
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 6,819.39
Servicing Fee Support 6,819.39
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 104,206.52
Master Servicing Fee 7,086.04
Supported Prepayment/Curtailment Interest Shortfall 6,819.39
Net Servicing Fee 104,473.17
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Reserve Fund 6,250.00 520.83 0.00 5,729.17
</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 6 2,049,247.23 0.454890% 0.415483%
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 6 2,049,247.23 0.454890% 0.415483%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 427.11
Cumulative Realized Losses - Includes Interest Shortfall 427.11
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 556,519.67
</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 20,010,780.27 4.00002857% 19,994,507.25 4.05387169% 95.905697% 100.000000%
Class B-1 8,503,780.27 1.69985196% 8,496,864.89 1.72273313% 2.354388% 0.000000%
Class B-2 5,001,780.27 0.99982428% 4,997,712.76 1.01328260% 0.716526% 0.000000%
Class B-3 3,501,780.27 0.69998375% 3,498,932.58 0.70940602% 0.306907% 0.000000%
Class B-4 2,000,780.27 0.39994334% 1,999,153.21 0.40532685% 0.307112% 0.000000%
Class B-5 1,149,780.27 0.22983381% 1,148,845.25 0.23292753% 0.174119% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.235251% 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 115,446.37 0.02307700% 115,446.37 0.02340667%
Fraud 10,005,318.68 2.00000000% 10,005,318.68 2.02857103%
Special Hazard 7,500,909.51 1.49938443% 7,500,909.51 1.52080390%
<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 7.140780%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 356
Begin Scheduled Collateral Loan Count 1,335
Number Of Loans Paid In Full 16
End Scheduled Collateral Loan Count 1,319
Begining Scheduled Collateral Balance 500,265,934.22
Ending Scheduled Collateral Balance 493,220,032.52
Ending Actual Collateral Balance at 30-Apr-1999 289,440,877.58
Ending Scheduled Balance For Norwest 428,513,413.89
Ending Scheduled Balance For Other Services 64,706,618.63
Monthly P &I Constant 3,309,648.84
Class A Optimal Amount 9,698,609.94
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 294,322,615.22
Ending scheduled Balance For discounted Loans 198,897,417.30
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 449,598,767.53
Greater Than 80%, less than or equal to 85% 5,882,609.58
Greater than 85%, less than or equal to 95% 35,146,946.99
Greater than 95% 2,652,163.88
</TABLE>
|
|