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Previous: NET2PHONE INC, 4/A, 1999-10-07 |
Next: SMA REAL TIME INC, SB-2/A, 1999-10-07 |
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): September 27, 1999
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-13 Trust
New York (governing law of 333-65481-16 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 September 27, 1999 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-13
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
1999-13 Trust, relating to the September
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 1999-13 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 10/5/99
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1999-13 Trust, relating to the September
27, 1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 8/31/99
Distribution Date: 9/27/99
NASCOR Series: 1999-13
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 NMB9913PO PO 0.00000% 3,871,274.25 0.00 4,080.81
A-1 66937RTT6 SEQ 5.95000% 17,152,000.00 85,045.33 0.00
A-2 66937RTU3 SEQ 6.00000% 30,213,000.00 151,065.00 0.00
A-3 66937RTV1 SEQ 6.20000% 77,385,000.00 399,822.50 0.00
A-4 66937RTW9 SEQ 5.95000% 123,353,866.02 611,629.59 1,561,867.87
A-5 66937RTX7 SEQ 6.30000% 20,143,119.71 105,751.38 255,045.85
A-6 66937RTY5 SEQ 6.75000% 89,133,670.31 656,952.39 -501,376.90
A-7 66937RTZ2 SEQ 6.75000% 1,308,991.76 7,363.08 -7,363.08
A-8 66937RUA5 SEQ 6.23000% 6,534,220.72 33,923.50 132,510.12
A-9 66937RUB3 SEQ 9.55800% 1,210,040.83 9,637.98 24,538.91
A-10 66937RUC1 SEQ 6.75000% 0.00 0.00 0.00
A-R 66937RUD9 R 6.75000% 0.00 0.00 0.00
A-LR 66937RUE7 R 6.75000% 0.00 592.65 0.00
B-1 66937RUF4 SUB 6.75000% 9,171,724.24 51,590.95 7,739.45
B-2 66937RUG2 SUB 6.75000% 2,791,784.35 15,703.79 2,355.81
B-3 66937RUH0 SUB 6.75000% 1,196,051.85 6,727.79 1,009.27
B-4 66937RUQ0 SUB 6.75000% 1,197,048.56 6,733.40 1,010.12
B-5 66937RUR8 SUB 6.75000% 677,762.71 3,812.42 571.92
B-6 66937RUS6 SUB 6.75000% 917,648.90 5,161.78 774.35
Totals 386,257,204.21 2,151,513.53 1,482,764.50
</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 3,867,193.44 4,080.81 0.00
A-1 0.00 17,152,000.00 85,045.33 0.00
A-2 0.00 30,213,000.00 151,065.00 0.00
A-3 0.00 77,385,000.00 399,822.50 0.00
A-4 0.00 121,791,998.15 2,173,497.46 0.00
A-5 0.00 19,888,073.87 360,797.23 0.00
A-6 0.00 89,635,047.21 155,575.49 0.00
A-7 0.00 1,316,354.83 0.00 0.00
A-8 0.00 6,401,710.60 166,433.62 0.00
A-9 0.00 1,185,501.92 34,176.89 0.00
A-10 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 592.65 0.00
B-1 0.00 9,163,984.79 59,330.40 0.00
B-2 0.00 2,789,428.54 18,059.60 0.00
B-3 0.00 1,195,042.57 7,737.06 0.00
B-4 0.00 1,196,038.44 7,743.52 0.00
B-5 0.00 677,190.79 4,384.34 0.00
B-6 0.00 916,874.55 5,936.13 476.55
Totals 0.00 384,774,439.70 3,634,278.03 476.55
<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 3,890,005.63 3,871,274.25 3,517.14 563.67 0.00 0.00
A-1 17,152,000.00 17,152,000.00 0.00 0.00 0.00 0.00
A-2 30,213,000.00 30,213,000.00 0.00 0.00 0.00 0.00
A-3 77,385,000.00 77,385,000.00 0.00 0.00 0.00 0.00
A-4 128,142,000.00 123,353,866.02 329,606.25 1,232,261.62 0.00 0.00
A-5 20,925,000.00 20,143,119.71 53,823.19 201,222.66 0.00 0.00
A-6 87,156,051.00 89,133,670.31 0.00 0.00 -501,376.90 0.00
A-7 1,279,949.00 1,308,991.76 0.00 0.00 -7,363.08 0.00
A-8 10,579,783.00 6,534,220.72 27,964.06 104,546.06 0.00 0.00
A-9 1,959,219.00 1,210,040.83 5,178.53 19,360.38 0.00 0.00
A-10 5,425,798.00 0.00 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 9,202,000.00 9,171,724.24 7,739.45 0.00 0.00 0.00
B-2 2,801,000.00 2,791,784.35 2,355.81 0.00 0.00 0.00
B-3 1,200,000.00 1,196,051.85 1,009.27 0.00 0.00 0.00
B-4 1,201,000.00 1,197,048.56 1,010.12 0.00 0.00 0.00
B-5 680,000.00 677,762.71 571.92 0.00 0.00 0.00
B-6 920,678.05 917,648.90 774.35 0.00 0.00 0.00
Totals 400,112,683.68 386,257,204.21 433,550.09 1,557,954.39 (508,739.98) 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 4,080.81 3,867,193.44 0.99413569 4,080.81
A-1 0.00 17,152,000.00 1.00000000 0.00
A-2 0.00 30,213,000.00 1.00000000 0.00
A-3 0.00 77,385,000.00 1.00000000 0.00
A-4 1,561,867.87 121,791,998.15 0.95044558 1,561,867.87
A-5 255,045.85 19,888,073.87 0.95044559 255,045.85
A-6 (501,376.90) 89,635,047.21 1.02844319 (501,376.90)
A-7 (7,363.08) 1,316,354.83 1.02844319 (7,363.08)
A-8 132,510.12 6,401,710.60 0.60508903 132,510.12
A-9 24,538.91 1,185,501.92 0.60508903 24,538.91
A-10 0.00 0.00 0.00000000 0.00
A-R 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B-1 7,739.45 9,163,984.79 0.99586881 7,739.45
B-2 2,355.81 2,789,428.54 0.99586881 2,355.81
B-3 1,009.27 1,195,042.57 0.99586881 1,009.27
B-4 1,010.12 1,196,038.44 0.99586881 1,010.12
B-5 571.92 677,190.79 0.99586881 571.92
B-6 774.35 916,874.55 0.99586881 774.35
Totals 1,482,764.50 384,774,439.70 0.96166519 1,482,764.50
</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 3,890,005.63 995.18474219 0.90414779 0.14490210 0.00000000
A-1 17,152,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 30,213,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 77,385,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 128,142,000.00 962.63415601 2.57219530 9.61637574 0.00000000
A-5 20,925,000.00 962.63415579 2.57219546 9.61637563 0.00000000
A-6 87,156,051.00 1022.69055662 0.00000000 0.00000000 -5.75263443
A-7 1,279,949.00 1022.69056033 0.00000000 0.00000000 -5.75263546
A-8 10,579,783.00 617.61386977 2.64316007 9.88168283 0.00000000
A-9 1,959,219.00 617.61387063 2.64316036 9.88168245 0.00000000
A-10 5,425,798.00 0.00000000 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 9,202,000.00 996.70987177 0.84106173 0.00000000 0.00000000
B-2 2,801,000.00 996.70987147 0.84106034 0.00000000 0.00000000
B-3 1,200,000.00 996.70987500 0.84105833 0.00000000 0.00000000
B-4 1,201,000.00 996.70987510 0.84106578 0.00000000 0.00000000
B-5 680,000.00 996.70986765 0.84105882 0.00000000 0.00000000
B-6 920,678.05 996.70987051 0.84106491 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination, except Class A-R, which is Per $100 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
APO 0.00000000 1.04904990 994.13569229 0.99413569 1.04904990
A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 12.18857104 950.44558498 0.95044558 12.18857104
A-5 0.00000000 12.18857109 950.44558519 0.95044559 12.18857109
A-6 0.00000000 -5.75263443 1,028.44319105 1.02844319 -5.75263443
A-7 0.00000000 -5.75263546 1,028.44318797 1.02844319 -5.75263546
A-8 0.00000000 12.52484290 605.08902687 0.60508903 12.52484290
A-9 0.00000000 12.52484281 605.08902782 0.60508903 12.52484281
A-10 0.00000000 0.00000000 0.00000000 0.00000000 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 0.84106173 995.86881004 0.99586881 0.84106173
B-2 0.00000000 0.84106034 995.86881114 0.99586881 0.84106034
B-3 0.00000000 0.84105833 995.86880833 0.99586881 0.84105833
B-4 0.00000000 0.84106578 995.86880933 0.99586881 0.84106578
B-5 0.00000000 0.84105882 995.86880882 0.99586881 0.84105882
B-6 0.00000000 0.84106491 995.86880560 0.99586881 0.84106491
<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 3,890,005.63 0.00000% 3,871,274.25 0.00 0.00 0.00
A-1 17,152,000.00 5.95000% 17,152,000.00 85,045.33 0.00 0.00
A-2 30,213,000.00 6.00000% 30,213,000.00 151,065.00 0.00 0.00
A-3 77,385,000.00 6.20000% 77,385,000.00 399,822.50 0.00 0.00
A-4 128,142,000.00 5.95000% 123,353,866.02 611,629.59 0.00 0.00
A-5 20,925,000.00 6.30000% 20,143,119.71 105,751.38 0.00 0.00
A-6 87,156,051.00 6.75000% 116,791,536.49 656,952.39 0.00 0.00
A-7 1,279,949.00 6.75000% 1,308,991.76 7,363.08 0.00 0.00
A-8 10,579,783.00 6.23000% 6,534,220.72 33,923.50 0.00 0.00
A-9 1,959,219.00 9.55800% 1,210,040.83 9,637.98 0.00 0.00
A-10 5,425,798.00 6.75000% 0.00 0.00 0.00 0.00
A-R 100.00 6.75000% 0.00 0.00 0.00 0.00
A-LR 100.00 6.75000% 0.00 0.00 0.00 0.00
B-1 9,202,000.00 6.75000% 9,171,724.24 51,590.95 0.00 0.00
B-2 2,801,000.00 6.75000% 2,791,784.35 15,703.79 0.00 0.00
B-3 1,200,000.00 6.75000% 1,196,051.85 6,727.79 0.00 0.00
B-4 1,201,000.00 6.75000% 1,197,048.56 6,733.40 0.00 0.00
B-5 680,000.00 6.75000% 677,762.71 3,812.42 0.00 0.00
B-6 920,678.05 6.75000% 917,648.90 5,161.78 0.00 0.00
Totals 400,112,683.68 2,150,920.88 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 3,867,193.44
A-1 0.00 0.00 85,045.33 0.00 17,152,000.00
A-2 0.00 0.00 151,065.00 0.00 30,213,000.00
A-3 0.00 0.00 399,822.50 0.00 77,385,000.00
A-4 0.00 0.00 611,629.59 0.00 121,791,998.15
A-5 0.00 0.00 105,751.38 0.00 19,888,073.87
A-6 0.00 0.00 656,952.39 0.00 117,090,800.06
A-7 0.00 0.00 7,363.08 0.00 1,316,354.83
A-8 0.00 0.00 33,923.50 0.00 6,401,710.60
A-9 0.00 0.00 9,637.98 0.00 1,185,501.92
A-10 0.00 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 592.65 0.00 0.00
B-1 0.00 0.00 51,590.95 0.00 9,163,984.79
B-2 0.00 0.00 15,703.79 0.00 2,789,428.54
B-3 0.00 0.00 6,727.79 0.00 1,195,042.57
B-4 0.00 0.00 6,733.40 0.00 1,196,038.44
B-5 0.00 0.00 3,812.42 0.00 677,190.79
B-6 0.00 0.00 5,161.78 0.00 916,874.55
Totals 0.00 0.00 2,151,513.53 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 3,890,005.63 0.00000% 995.18474219 0.00000000 0.00000000 0.00000000
A-1 17,152,000.00 5.95000% 1000.00000000 4.95833314 0.00000000 0.00000000
A-2 30,213,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-3 77,385,000.00 6.20000% 1000.00000000 5.16666667 0.00000000 0.00000000
A-4 128,142,000.00 5.95000% 962.63415601 4.77306106 0.00000000 0.00000000
A-5 20,925,000.00 6.30000% 962.63415579 5.05382939 0.00000000 0.00000000
A-6 87,156,051.00 6.75000% 1340.02785980 7.53765668 0.00000000 0.00000000
A-7 1,279,949.00 6.75000% 1022.69056033 5.75263546 0.00000000 0.00000000
A-8 10,579,783.00 6.23000% 617.61386977 3.20644573 0.00000000 0.00000000
A-9 1,959,219.00 9.55800% 617.61387063 4.91929692 0.00000000 0.00000000
A-10 5,425,798.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 100.00 6.75000% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 9,202,000.00 6.75000% 996.70987177 5.60649315 0.00000000 0.00000000
B-2 2,801,000.00 6.75000% 996.70987147 5.60649411 0.00000000 0.00000000
B-3 1,200,000.00 6.75000% 996.70987500 5.60649167 0.00000000 0.00000000
B-4 1,201,000.00 6.75000% 996.70987510 5.60649459 0.00000000 0.00000000
B-5 680,000.00 6.75000% 996.70986765 5.60650000 0.00000000 0.00000000
B-6 920,678.05 6.75000% 996.70987051 5.60649838 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination, except Class A-R, which is Per $100 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
APO 0.00000000 0.00000000 0.00000000 0.00000000 994.13569229
A-1 0.00000000 0.00000000 4.95833314 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.16666667 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 4.77306106 0.00000000 950.44558498
A-5 0.00000000 0.00000000 5.05382939 0.00000000 950.44558519
A-6 0.00000000 0.00000000 7.53765668 0.00000000 1343.46151204
A-7 0.00000000 0.00000000 5.75263546 0.00000000 1028.44318797
A-8 0.00000000 0.00000000 3.20644573 0.00000000 605.08902687
A-9 0.00000000 0.00000000 4.91929692 0.00000000 605.08902782
A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 5926.50000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.60649315 0.00000000 995.86881004
B-2 0.00000000 0.00000000 5.60649411 0.00000000 995.86881114
B-3 0.00000000 0.00000000 5.60649167 0.00000000 995.86880833
B-4 0.00000000 0.00000000 5.60649459 0.00000000 995.86880933
B-5 0.00000000 0.00000000 5.60650000 0.00000000 995.86880882
B-6 0.00000000 0.00000000 5.60649838 0.00000000 995.86880560
<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 Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Rate Balance Balance Balance Balance Percentage
Class
<S> <C> <C> <C> <C> <C> <C>
A-6 SEQ 6.75000% 0.00 0.00 89,133,670.31 89,635,047.21 102.84431911%
A-6 SEQ 6.75000% 27,657,866.18 27,455,752.85 0.00 0.00 97.09407842%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,756,601.96
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 3,756,601.96
Withdrawals
Reimbursement for Servicer Advances 5,713.62
Payment of Service Fee 83,560.70
Payment of Interest and Principal 3,634,278.01
Total Withdrawals (Pool Distribution Amount) 3,723,552.33
Ending Balance 33,049.63
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,383.91
Servicing Fee Support 2,383.91
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 80,472.48
Master Servicing Fee 5,472.13
Supported Prepayment/Curtailment Interest Shortfall 2,383.91
Net Servicing Fee 83,560.70
</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 4 1,352,827.59 0.383509% 0.351590%
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 1,352,827.59 0.383509% 0.351590%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 476.55
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 139,966.71
</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 16,004,678.05 4.00004266% 15,938,559.68 4.14231249% 95.815632% 100.000000%
Class B-1 6,802,678.05 1.70019055% 6,774,574.89 1.76066136% 2.405831% 0.000000%
Class B-2 4,001,678.05 1.00013776% 3,985,146.35 1.03570974% 0.732312% 0.000000%
Class B-3 2,801,678.05 0.70022225% 2,790,103.78 0.72512711% 0.313736% 0.000000%
Class B-4 1,600,678.05 0.40005681% 1,594,065.34 0.41428566% 0.313997% 0.000000%
Class B-5 920,678.05 0.23010469% 916,874.55 0.23828884% 0.177784% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.240708% 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 103,378.97 0.02583746% 103,378.97 0.02686742%
Fraud 8,002,253.67 2.00000000% 8,002,253.67 2.07972590%
Special Hazard 4,001,126.84 1.00000000% 4,001,126.84 1.03986295%
<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 7.109561%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 353
Beginning Scheduled Collateral Loan Count 1,046
Number Of Loans Paid In Full 3
Ending Scheduled Collateral Loan Count 1,043
Beginning Scheduled Collateral Balance 386,257,204.21
Ending Scheduled Collateral Balance 384,774,439.71
Ending Actual Collateral Balance at 31-Aug-1999 10,894,328.61
Ending Scheduled Balance For Norwest 373,889,001.54
Ending Scheduled Balance For Other Services 10,885,438.17
Monthly P &I Constant 2,564,471.46
Class A Optimal Amount 3,526,413.52
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 214,536,100.86
Ending scheduled Balance For discounted Loans 170,238,338.85
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 346,504,777.59
Greater Than 80%, less than or equal to 85% 6,195,317.88
Greater than 85%, less than or equal to 95% 32,078,857.25
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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