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Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-12 TRUST, 8-K, 1999-08-05 |
Next: PROVIDENCE GROUP INVESTMENT ADVISORY CO LLC, 13F-HR, 1999-08-05 |
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): July 26, 1999
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-11 Trust
New York (governing law of 333-65481-15 52-2175498
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 July 26, 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 July 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 1999-11 Trust
By: Norwest Bank Minnesota, N.A, as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 7/26/99
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 July 26,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 6/30/99
Distribution Date: 7/26/99
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% 4,864,752.15 0.00 4,871.62
A-1 66937RSJ9 SEQ 6.75000% 96,195,403.04 541,099.14 389,723.13
A-2 66937RSK6 SEQ 6.75000% 76,680,675.44 431,328.80 252,743.25
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% 97,058,167.67 545,952.19 356,211.15
A-18 66937RTB5 SEQ 6.50000% 48,146,406.73 260,793.04 158,692.91
A-19 66937RTC3 SEQ 7.00000% 48,146,406.73 280,854.04 158,692.91
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% 0.00 0.00 0.00
B-1 66937RTG4 SUB 6.75000% 11,488,141.77 64,620.80 9,647.47
B-2 66937RTH2 SUB 6.75000% 3,496,260.75 19,666.47 2,936.08
B-3 66937RTJ8 SUB 6.75000% 1,497,541.73 8,423.67 1,257.60
B-4 66937RUJ6 SUB 6.75000% 1,498,540.09 8,429.29 1,258.44
B-5 66937RUK3 SUB 6.75000% 849,605.34 4,779.03 713.48
B-6 66937RUL1 SUB 6.75000% 1,147,895.95 6,456.91 906.91
Totals 489,352,797.39 2,725,766.09 1,337,654.95
</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 4,859,880.53 4,871.62 0.00
A-1 0.00 95,805,679.91 930,822.27 0.00
A-2 0.00 76,427,932.18 684,072.05 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 96,701,956.52 902,163.34 0.00
A-18 0.00 47,987,713.82 419,485.95 0.00
A-19 0.00 47,987,713.82 439,546.95 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 0.00 0.00
B-1 0.00 11,478,494.29 74,268.27 0.00
B-2 0.00 3,493,324.67 22,602.55 0.00
B-3 0.00 1,496,284.13 9,681.27 0.00
B-4 0.00 1,497,281.65 9,687.73 0.00
B-5 0.00 848,891.86 5,492.51 0.00
B-6 57.06 1,146,931.98 7,363.82 519.70
Totals 57.06 488,015,085.36 4,063,421.04 519.70
<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 4,864,752.15 4,441.09 430.53 0.00 0.00
A-1 99,414,000.00 96,195,403.04 115,514.98 274,208.15 0.00 0.00
A-2 78,768,000.00 76,680,675.44 74,913.78 177,829.48 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 97,058,167.67 105,581.94 250,629.21 0.00 0.00
A-18 49,457,000.00 48,146,406.73 47,037.00 111,655.91 0.00 0.00
A-19 49,457,000.00 48,146,406.73 47,037.00 111,655.91 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 0.00 0.00 0.00 0.00 0.00
B-1 11,507,000.00 11,488,141.77 9,647.47 0.00 0.00 0.00
B-2 3,502,000.00 3,496,260.75 2,936.08 0.00 0.00 0.00
B-3 1,500,000.00 1,497,541.73 1,257.60 0.00 0.00 0.00
B-4 1,501,000.00 1,498,540.09 1,258.44 0.00 0.00 0.00
B-5 851,000.00 849,605.34 713.48 0.00 0.00 0.00
B-6 1,149,780.27 1,147,895.95 906.91 0.00 0.00 57.06
Totals 500,265,934.22 489,352,797.39 411,245.77 926,409.19 0.00 57.06
<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 4,871.62 4,859,880.53 0.99668309 4,871.62
A-1 389,723.13 95,805,679.91 0.96370411 389,723.13
A-2 252,743.25 76,427,932.18 0.97029164 252,743.25
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-17 356,211.15 96,701,956.52 0.96701957 356,211.15
A-18 158,692.91 47,987,713.82 0.97029164 158,692.91
A-19 158,692.91 47,987,713.82 0.97029164 158,692.91
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 0.00 0.00 0.00000000 0.00
B-1 9,647.47 11,478,494.29 0.99752275 9,647.47
B-2 2,936.08 3,493,324.67 0.99752275 2,936.08
B-3 1,257.60 1,496,284.13 0.99752275 1,257.60
B-4 1,258.44 1,497,281.65 0.99752275 1,258.44
B-5 713.48 848,891.86 0.99752275 713.48
B-6 963.97 1,146,931.98 0.99752275 906.91
Totals 1,337,712.01 488,015,085.36 0.97551133 1,337,654.95
</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 4,876,053.95 997.68218315 0.91079591 0.08829476 0.00000000
A-1 99,414,000.00 967.62430885 1.16195888 2.75824481 0.00000000
A-2 78,768,000.00 973.50034836 0.95106871 2.25763610 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-17 100,000,000.00 970.58167670 1.05581940 2.50629210 0.00000000
A-18 49,457,000.00 973.50034838 0.95106861 2.25763613 0.00000000
A-19 49,457,000.00 973.50034838 0.95106861 2.25763613 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 0.00000000 0.00000000 0.00000000 0.00000000
B-1 11,507,000.00 998.36115147 0.83840010 0.00000000 0.00000000
B-2 3,502,000.00 998.36115077 0.83840091 0.00000000 0.00000000
B-3 1,500,000.00 998.36115333 0.83840000 0.00000000 0.00000000
B-4 1,501,000.00 998.36115256 0.83840107 0.00000000 0.00000000
B-5 851,000.00 998.36115159 0.83840188 0.00000000 0.00000000
B-6 1,149,780.27 998.36114773 0.78876810 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 0.99909067 996.68309248 0.99668309 0.99909067
A-1 0.00000000 3.92020369 963.70410516 0.96370411 3.92020369
A-2 0.00000000 3.20870468 970.29164356 0.97029164 3.20870468
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 3.56211150 967.01956520 0.96701957 3.56211150
A-18 0.00000000 3.20870473 970.29164365 0.97029164 3.20870473
A-19 0.00000000 3.20870473 970.29164365 0.97029164 3.20870473
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 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.83840010 997.52275050 0.99752275 0.83840010
B-2 0.00000000 0.83840091 997.52274986 0.99752275 0.83840091
B-3 0.00000000 0.83840000 997.52275333 0.99752275 0.83840000
B-4 0.00000000 0.83840107 997.52275150 0.99752275 0.83840107
B-5 0.00000000 0.83840188 997.52274971 0.99752275 0.83840188
B-6 0.04962687 0.83839497 997.52275276 0.99752275 0.78876810
<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% 4,864,752.15 0.00 0.00 0.00
A-1 99,414,000.00 6.75000% 96,195,403.04 541,099.14 0.00 0.00
A-2 78,768,000.00 6.75000% 76,680,675.44 431,328.80 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% 97,058,167.67 545,952.19 0.00 0.00
A-18 49,457,000.00 6.50000% 48,146,406.73 260,793.04 0.00 0.00
A-19 49,457,000.00 7.00000% 48,146,406.73 280,854.04 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% 0.00 0.00 0.00 0.00
B-1 11,507,000.00 6.75000% 11,488,141.77 64,620.80 0.00 0.00
B-2 3,502,000.00 6.75000% 3,496,260.75 19,666.47 0.00 0.00
B-3 1,500,000.00 6.75000% 1,497,541.73 8,423.67 0.00 0.00
B-4 1,501,000.00 6.75000% 1,498,540.09 8,429.29 0.00 0.00
B-5 851,000.00 6.75000% 849,605.34 4,779.03 0.00 0.00
B-6 1,149,780.27 6.75000% 1,147,895.95 6,456.91 0.00 0.00
Totals 500,265,934.22 2,725,766.09 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 4,859,880.53
A-1 0.00 0.00 541,099.14 0.00 95,805,679.91
A-2 0.00 0.00 431,328.80 0.00 76,427,932.18
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 0.00 545,952.19 0.00 96,701,956.52
A-18 0.00 0.00 260,793.04 0.00 47,987,713.82
A-19 0.00 0.00 280,854.04 0.00 47,987,713.82
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 0.00 0.00 0.00
B-1 0.00 0.00 64,620.80 0.00 11,478,494.29
B-2 0.00 0.00 19,666.47 0.00 3,493,324.67
B-3 0.00 0.00 8,423.67 0.00 1,496,284.13
B-4 0.00 0.00 8,429.29 0.00 1,497,281.65
B-5 0.00 0.00 4,779.03 0.00 848,891.86
B-6 0.00 0.00 6,456.91 0.00 1,146,931.98
Totals 0.00 0.00 2,725,766.09 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% 997.68218315 0.00000000 0.00000000 0.00000000
A-1 99,414,000.00 6.75000% 967.62430885 5.44288672 0.00000000 0.00000000
A-2 78,768,000.00 6.75000% 973.50034836 5.47593947 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% 970.58167670 5.45952190 0.00000000 0.00000000
A-18 49,457,000.00 6.50000% 973.50034838 5.27312696 0.00000000 0.00000000
A-19 49,457,000.00 7.00000% 973.50034838 5.67875205 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% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 11,507,000.00 6.75000% 998.36115147 5.61578170 0.00000000 0.00000000
B-2 3,502,000.00 6.75000% 998.36115077 5.61578241 0.00000000 0.00000000
B-3 1,500,000.00 6.75000% 998.36115333 5.61578000 0.00000000 0.00000000
B-4 1,501,000.00 6.75000% 998.36115256 5.61578281 0.00000000 0.00000000
B-5 851,000.00 6.75000% 998.36115159 5.61578143 0.00000000 0.00000000
B-6 1,149,780.27 6.75000% 998.36114773 5.61577735 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 996.68309248
A-1 0.00000000 0.00000000 5.44288672 0.00000000 963.70410516
A-2 0.00000000 0.00000000 5.47593947 0.00000000 970.29164356
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 5.45952190 0.00000000 967.01956520
A-18 0.00000000 0.00000000 5.27312696 0.00000000 970.29164365
A-19 0.00000000 0.00000000 5.67875205 0.00000000 970.29164365
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 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.61578170 0.00000000 997.52275050
B-2 0.00000000 0.00000000 5.61578241 0.00000000 997.52274986
B-3 0.00000000 0.00000000 5.61578000 0.00000000 997.52275333
B-4 0.00000000 0.00000000 5.61578281 0.00000000 997.52275150
B-5 0.00000000 0.00000000 5.61578143 0.00000000 997.52274971
B-6 0.00000000 0.00000000 5.61577735 0.00000000 997.52275276
<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
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,085,134.20
Liquidations, Insurance Proceeds, Reserve Funds 520.83
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 127,360.62
Realized Losses 0.00
Total Deposits 4,213,015.65
Withdrawals
Reimbursement for Servicer Advances 40,883.38
Payment of Service Fee 108,711.23
Payment of Interest and Principal 4,063,421.04
Total Withdrawals (Pool Distribution Amount) 4,213,015.65
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 168.17
Servicing Fee Support 168.17
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 101,947.00
Master Servicing Fee 6,932.40
Supported Prepayment/Curtailment Interest Shortfall 168.17
Net Servicing Fee 108,711.23
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Reserve Fund 5,208.34 520.83 0.00 4,687.51
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Deliquency / 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 4 938,391.15 0.305577% 0.192287%
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 4 938,391.15 0.305577% 0.192287%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 57.06
Cumulative Realized Losses - Includes Interest Shortfall 519.70
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 545,211.08
</TABLE>
<TABLE>
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original$ Original % Current $ Current % Current Class% Next Prepay%
<S> <C> <C> <C> <C> <C> <C> <C>
Class A 20,010,780.27 4.00002857% 19,961,208.58 4.09028515% 95.868572% 100.000000%
Class B-1 8,503,780.27 1.69985196% 8,482,714.29 1.73820739% 2.375736% 0.000000%
Class B-2 5,001,780.27 0.99982428% 4,989,389.62 1.02238430% 0.723023% 0.000000%
Class B-3 3,501,780.27 0.69998375% 3,493,105.49 0.71577818% 0.309690% 0.000000%
Class B-4 2,000,780.27 0.39994334% 1,995,823.84 0.40896765% 0.309897% 0.000000%
Class B-5 1,149,780.27 0.22983381% 1,146,931.98 0.23501978% 0.175698% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.237384% 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 0.02365631%
Fraud 10,005,318.68 2.00000000% 10,005,318.68 2.05020684%
Special Hazard 7,500,909.51 1.49938443% 7,500,909.51 1.53702411%
<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 7.129064%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 354
Beginning Scheduled Collateral Loan Count 1,311
Number Of Loans Paid In Full 2
Ending Scheduled Collateral Loan Count 1,309
Beginning Scheduled Collateral Balance 489,352,797.39
Ending Scheduled Collateral Balance 488,015,085.37
Ending Actual Collateral Balance at 30-Jun-1 488,417,586.10
Ending Scheduled Balance For Norwest 423,611,027.66
Ending Scheduled Balance For Other Services 64,404,057.71
Monthly P &I Constant 3,245,968.42
Class A Optimal Amount 3,929,453.28
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loan 289,915,290.81
Ending scheduled Balance For discounted Loans 198,099,794.56
Unpaid Principal Balance Of Outstanding Mortgage
Less Than Or Equal To 80% 444,467,162.95
Greater Than 80%, less than or equal to 85% 5,872,110.62
Greater than 85%, less than or equal to 95% 35,085,950.93
Greater than 95% 2,648,425.40
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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