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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): July 26, 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 July 26, 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 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 1999-13 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 7/26/99
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 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: 1999-13
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% 3,879,585.57 0.00 4,051.43
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% 126,040,602.83 624,951.32 1,270,364.36
A-5 66937RTX7 SEQ 6.30000% 20,581,851.49 108,054.72 207,444.66
A-6 66937RTY5 SEQ 6.75000% 88,139,314.25 653,314.82 -495,783.64
A-7 66937RTZ2 SEQ 6.75000% 1,294,388.92 7,280.94 -7,280.94
A-8 66937RUA5 SEQ 6.21750% 9,565,771.71 49,562.65 1,911,155.92
A-9 66937RUB3 SEQ 9.62550% 1,771,439.14 14,209.16 353,917.75
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 0.00 0.00
B-1 66937RUF4 SUB 6.75000% 9,187,004.87 51,676.90 7,603.77
B-2 66937RUG2 SUB 6.75000% 2,796,435.63 15,729.95 2,314.51
B-3 66937RUH0 SUB 6.75000% 1,198,044.54 6,739.00 991.58
B-4 66937RUQ0 SUB 6.75000% 1,199,042.91 6,744.62 992.41
B-5 66937RUR8 SUB 6.75000% 678,891.91 3,818.77 561.90
B-6 66937RUS6 SUB 6.75000% 919,177.76 5,170.37 754.72
Totals 392,001,551.53 2,183,186.05 3,257,088.43
</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 3,875,534.15 4,051.43 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 0.00 124,770,238.47 1,895,315.68 0.00
A-5 0.00 20,374,406.83 315,499.38 0.00
A-6 0.00 88,635,097.89 157,531.18 0.00
A-7 0.00 1,301,669.86 0.00 0.00
A-8 0.00 7,654,615.79 1,960,718.57 0.00
A-9 0.00 1,417,521.39 368,126.91 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 0.00 0.00
B-1 0.00 9,179,401.10 59,280.67 0.00
B-2 0.00 2,794,121.11 18,044.46 0.00
B-3 0.00 1,197,052.96 7,730.58 0.00
B-4 0.00 1,198,050.50 7,737.03 0.00
B-5 0.00 678,330.01 4,380.67 0.00
B-6 6.05 918,416.99 5,925.09 456.38
Totals 6.05 388,744,457.05 5,440,274.48 456.38
<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 3,890,005.63 3,879,585.57 3,470.84 580.58 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-4 128,142,000.00 126,040,602.83 120,773.87 1,149,590.48 0.00 0.00
A-5 20,925,000.00 20,581,851.49 19,721.82 187,722.85 0.00 0.00
A-6 87,156,051.00 88,139,314.25 0.00 0.00 -495,783.64 0.00
A-7 1,279,949.00 1,294,388.92 0.00 0.00 -7,280.94 0.00
A-8 10,579,783.00 9,565,771.71 181,694.09 1,729,461.83 0.00 0.00
A-9 1,959,219.00 1,771,439.14 33,647.05 320,270.70 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 9,187,004.87 7,603.77 0.00 0.00 0.00
B-2 2,801,000.00 2,796,435.63 2,314.51 0.00 0.00 0.00
B-3 1,200,000.00 1,198,044.54 991.58 0.00 0.00 0.00
B-4 1,201,000.00 1,199,042.91 992.41 0.00 0.00 0.00
B-5 680,000.00 678,891.91 561.90 0.00 0.00 0.00
B-6 920,678.05 919,177.76 754.72 0.00 0.00 6.05
Totals 400,112,683.68 392,001,551.53 372,526.56 3,387,626.44 (503,064.58) 6.05
<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 4,051.43 3,875,534.15 0.99627983 4,051.43
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 1,270,364.36 124,770,238.47 0.97368730 1,270,364.36
A-5 207,444.66 20,374,406.83 0.97368730 207,444.66
A-6 (495,783.64) 88,635,097.89 1.01697010 (495,783.64)
A-7 (7,280.94) 1,301,669.86 1.01697010 (7,280.94)
A-8 1,911,155.92 7,654,615.79 0.72351350 1,911,155.92
A-9 353,917.75 1,417,521.39 0.72351350 353,917.75
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 7,603.77 9,179,401.10 0.99754413 7,603.77
B-2 2,314.51 2,794,121.11 0.99754413 2,314.51
B-3 991.58 1,197,052.96 0.99754413 991.58
B-4 992.41 1,198,050.50 0.99754413 992.41
B-5 561.90 678,330.01 0.99754413 561.90
B-6 760.77 918,416.99 0.99754414 754.72
Totals 3,257,094.48 388,744,457.05 0.97158744 3,257,088.43
</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 3,890,005.63 997.32132521 0.89224550 0.14924914 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-4 128,142,000.00 983.60102722 0.94250027 8.97122317 0.00000000
A-5 20,925,000.00 983.60102700 0.94250036 8.97122342 0.00000000
A-6 87,156,051.00 1011.28164067 0.00000000 0.00000000 -5.68845920
A-7 1,279,949.00 1011.28163700 0.00000000 0.00000000 -5.68846102
A-8 10,579,783.00 904.15575726 17.17370668 163.46855413 0.00000000
A-9 1,959,219.00 904.15575798 17.17370544 163.46855558 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 9,202,000.00 998.37044882 0.82631710 0.00000000 0.00000000
B-2 2,801,000.00 998.37044984 0.82631560 0.00000000 0.00000000
B-3 1,200,000.00 998.37045000 0.82631667 0.00000000 0.00000000
B-4 1,201,000.00 998.37044963 0.82631973 0.00000000 0.00000000
B-5 680,000.00 998.37045588 0.82632353 0.00000000 0.00000000
B-6 920,678.05 998.37045100 0.81974367 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 1.04149721 996.27983058 0.99627983 1.04149721
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 9.91372353 973.68730369 0.97368730 9.91372353
A-5 0.00000000 9.91372330 973.68730370 0.97368730 9.91372330
A-6 0.00000000 -5.68845920 1,016.97009987 1.01697010 -5.68845920
A-7 0.00000000 -5.68846102 1,016.97009803 1.01697010 -5.68846102
A-8 0.00000000 180.64226081 723.51349645 0.72351350 180.64226081
A-9 0.00000000 180.64226102 723.51349696 0.72351350 180.64226102
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 0.82631710 997.54413171 0.99754413 0.82631710
B-2 0.00000000 0.82631560 997.54413067 0.99754413 0.82631560
B-3 0.00000000 0.82631667 997.54413333 0.99754413 0.82631667
B-4 0.00000000 0.82631973 997.54412989 0.99754413 0.82631973
B-5 0.00000000 0.82632353 997.54413235 0.99754413 0.82632353
B-6 0.00657124 0.82631491 997.54413609 0.99754414 0.81974367
<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% 3,879,585.57 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% 126,040,602.83 624,951.32 0.00 0.00
A-5 20,925,000.00 6.30000% 20,581,851.49 108,054.72 0.00 0.00
A-6 87,156,051.00 6.75000% 116,144,857.27 653,314.82 0.00 0.00
A-7 1,279,949.00 6.75000% 1,294,388.92 7,280.94 0.00 0.00
A-8 10,579,783.00 6.21750% 9,565,771.71 49,562.65 0.00 0.00
A-9 1,959,219.00 9.62550% 1,771,439.14 14,209.16 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% 9,187,004.87 51,676.90 0.00 0.00
B-2 2,801,000.00 6.75000% 2,796,435.63 15,729.95 0.00 0.00
B-3 1,200,000.00 6.75000% 1,198,044.54 6,739.00 0.00 0.00
B-4 1,201,000.00 6.75000% 1,199,042.91 6,744.62 0.00 0.00
B-5 680,000.00 6.75000% 678,891.91 3,818.77 0.00 0.00
B-6 920,678.05 6.75000% 919,177.76 5,170.37 0.00 0.00
Totals 400,112,683.68 2,183,186.05 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 3,875,534.15
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 0.00 624,951.32 0.00 124,770,238.47
A-5 0.00 0.00 108,054.72 0.00 20,374,406.83
A-6 0.00 0.00 653,314.82 0.00 116,476,249.57
A-7 0.00 0.00 7,280.94 0.00 1,301,669.86
A-8 0.00 0.00 49,562.65 0.00 7,654,615.79
A-9 0.00 0.00 14,209.16 0.00 1,417,521.39
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 0.00 0.00 0.00
B-1 0.00 0.00 51,676.90 0.00 9,179,401.10
B-2 0.00 0.00 15,729.95 0.00 2,794,121.11
B-3 0.00 0.00 6,739.00 0.00 1,197,052.96
B-4 0.00 0.00 6,744.62 0.00 1,198,050.50
B-5 0.00 0.00 3,818.77 0.00 678,330.01
B-6 0.00 0.00 5,170.37 0.00 918,416.99
Totals 0.00 0.00 2,183,186.05 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% 997.32132521 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% 983.60102722 4.87702174 0.00000000 0.00000000
A-5 20,925,000.00 6.30000% 983.60102700 5.16390538 0.00000000 0.00000000
A-6 87,156,051.00 6.75000% 1332.60807411 7.49592039 0.00000000 0.00000000
A-7 1,279,949.00 6.75000% 1011.28163700 5.68846102 0.00000000 0.00000000
A-8 10,579,783.00 6.21750% 904.15575726 4.68465658 0.00000000 0.00000000
A-9 1,959,219.00 9.62550% 904.15575798 7.25246131 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% 998.37044882 5.61583351 0.00000000 0.00000000
B-2 2,801,000.00 6.75000% 998.37044984 5.61583363 0.00000000 0.00000000
B-3 1,200,000.00 6.75000% 998.37045000 5.61583333 0.00000000 0.00000000
B-4 1,201,000.00 6.75000% 998.37044963 5.61583680 0.00000000 0.00000000
B-5 680,000.00 6.75000% 998.37045588 5.61583824 0.00000000 0.00000000
B-6 920,678.05 6.75000% 998.37045100 5.61582846 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 996.27983058
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 4.87702174 0.00000000 973.68730369
A-5 0.00000000 0.00000000 5.16390538 0.00000000 973.68730370
A-6 0.00000000 0.00000000 7.49592039 0.00000000 1336.41036088
A-7 0.00000000 0.00000000 5.68846102 0.00000000 1016.97009803
A-8 0.00000000 0.00000000 4.68465658 0.00000000 723.51349645
A-9 0.00000000 0.00000000 7.25246131 0.00000000 723.51349696
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 0.00000000 5.61583351 0.00000000 997.54413171
B-2 0.00000000 0.00000000 5.61583363 0.00000000 997.54413067
B-3 0.00000000 0.00000000 5.61583333 0.00000000 997.54413333
B-4 0.00000000 0.00000000 5.61583680 0.00000000 997.54412989
B-5 0.00000000 0.00000000 5.61583824 0.00000000 997.54413235
B-6 0.00000000 0.00000000 5.61582846 0.00000000 997.54413609
<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 88,139,314.25 88,635,097.89 101.69700999%
A-6 SEQ 6.75000% 28,005,543.03 27,841,151.68 0.00 0.00 98.45699659%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
<S> <C>
Beginning Balance 10,186.49
Deposits
Payments of Interest and Principal 5,391,425.31
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 125,570.16
Realized Losses 0.00
Total Deposits 5,516,995.47
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 86,907.49
Payment of Interest and Principal 5,440,274.49
Total Withdrawals (Pool Distribution Amount) 5,527,181.98
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 313.03
Servicing Fee Support 313.03
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 81,667.15
Master Servicing Fee 5,553.37
Supported Prepayment/Curtailment Interest Shortfall 313.03
Net Servicing Fee 86,907.49
</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 1,452,336.03 0.380228% 0.373597%
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 1,452,336.03 0.380228% 0.373597%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 6.05
Cumulative Realized Losses - Includes Interest Shortfall 456.38
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 264,475.42
</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>
Class A 16,004,678.05 4.00004266% 15,965,372.67 4.10690683% 95.851738% 100.000000%
Class B-1 6,802,678.05 1.70019055% 6,785,971.57 1.74561243% 2.385072% 0.000000%
Class B-2 4,001,678.05 1.00013776% 3,991,850.46 1.02685720% 0.725993% 0.000000%
Class B-3 2,801,678.05 0.70022225% 2,794,797.50 0.71892922% 0.311029% 0.000000%
Class B-4 1,600,678.05 0.40005681% 1,596,747.00 0.41074463% 0.311288% 0.000000%
Class B-5 920,678.05 0.23010469% 918,416.99 0.23625211% 0.176250% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.238631% 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 0.02659304%
Fraud 8,002,253.67 2.00000000% 8,002,253.67 2.05848689%
Special Hazard 4,001,126.84 1.00000000% 4,001,126.84 1.02924344%
<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 7.114626%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 1,059
Number Of Loans Paid In Full 7
Ending Scheduled Collateral Loan Count 1,052
Beginning Scheduled Collateral Balance 392,001,551.52
Ending Scheduled Collateral Balance 388,744,457.04
Ending Actual Collateral Balance at 30-Jun-1 390,997,296.16
Ending Scheduled Balance For Norwest 377,833,252.30
Ending Scheduled Balance For Other Services 10,911,204.74
Monthly P &I Constant 2,597,194.39
Class A Optimal Amount 5,333,124.55
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loan 218,153,064.02
Ending scheduled Balance For discounted Loans 170,591,393.02
Unpaid Principal Balance Of Outstanding Mortgage
Less Than Or Equal To 80% 350,418,685.59
Greater Than 80%, less than or equal to 85% 6,209,922.24
Greater than 85%, less than or equal to 95% 32,139,598.15
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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