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Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-17 TRUST, 8-K, 1999-09-03 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-16 TRUST, 8-K, 1999-09-03 |
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): August 25, 1999
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-14 Trust
New York (governing law of 333-65481-19 52-2106319
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 August 25, 1999 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-14
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
1999-14 Trust, relating to the August 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 1999-14 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 8/27/99
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1999-14 Trust, relating to the August 25,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 7/31/99
Distribution Date: 8/25/99
NASCOR Series: 1999-14
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 NMB9914PO PO 0.00000% 1,459,041.26 0.00 1,578.43
A-1 66937RWD7 SEQ 6.50000% 136,357,939.62 738,605.51 1,359,839.58
A-2 66937RWE5 COMP 6.50000% 291,228,576.45 1,577,488.12 3,438,814.62
A-3 66937RWF2 SEQ 6.50000% 22,005,282.00 119,195.28 0.00
A-4 66937RWG0 SEQ 6.50000% 18,448,243.79 99,927.99 -99,927.99
A-5 66937RWH8 SEQ 6.50000% 67,178,451.00 363,883.28 0.00
A-6 66937RWJ4 COMP 6.50000% 9,920,498.21 53,736.03 227,769.50
A-7 66937RWK1 SEQ 6.50000% 25,000,000.00 135,416.67 0.00
A-8 66937RWL9 COMP 6.50000% 30,302,201.13 164,136.92 526,115.23
A-9 66937RWM7 SEQ 7.00000% 3,211,650.00 18,734.62 0.00
A-10 66937RWN5 SEQ 7.00000% 1,568,717.00 9,150.85 0.00
A-11 66937RWP0 SEQ 7.00000% 1,851,350.00 10,799.54 0.00
A-12 66937RWQ8 SEQ 7.00000% 933,300.00 5,444.25 0.00
A-13 66937RWR6 SEQ 7.00000% 2,601,650.00 15,176.29 0.00
A-14 66937RWS4 SEQ 6.25000% 20,333,333.00 105,902.78 0.00
A-15 66937RWT2 SEQ 6.50000% 25,180,565.21 136,394.73 99,927.99
A-16 66937RWU9 SEQ 6.50000% 3,000,000.00 16,250.00 0.00
A-R 66937RWV7 R 6.50000% 0.00 0.00 0.00
B-1 66937RWW5 MEZ 6.50000% 16,077,609.49 87,087.05 13,376.57
B-2 66937RWX3 SUB 6.50000% 4,893,966.82 26,508.99 4,071.78
B-3 66937RWY1 SUB 6.50000% 2,096,558.62 11,356.36 1,744.34
B-4 66937RWZ8 SUB 6.50000% 2,097,556.98 11,361.77 1,745.17
B-5 66937RXA2 SUB 6.50000% 1,188,049.88 6,435.27 988.46
B-6 66937RXB0 SUB 6.50000% 1,608,232.17 8,711.26 1,097.21
Totals 688,542,772.63 3,721,703.56 5,577,140.89
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
APO 0.00 1,457,462.84 1,578.43 0.00
A-1 0.00 134,998,100.04 2,098,445.09 0.00
A-2 0.00 287,789,761.83 5,016,302.74 0.00
A-3 0.00 22,005,282.00 119,195.28 0.00
A-4 0.00 18,548,171.78 0.00 0.00
A-5 0.00 67,178,451.00 363,883.28 0.00
A-6 0.00 9,692,728.71 281,505.53 0.00
A-7 0.00 25,000,000.00 135,416.67 0.00
A-8 0.00 29,776,085.90 690,252.15 0.00
A-9 0.00 3,211,650.00 18,734.62 0.00
A-10 0.00 1,568,717.00 9,150.85 0.00
A-11 0.00 1,851,350.00 10,799.54 0.00
A-12 0.00 933,300.00 5,444.25 0.00
A-13 0.00 2,601,650.00 15,176.29 0.00
A-14 0.00 20,333,333.00 105,902.78 0.00
A-15 0.00 25,080,637.22 236,322.72 0.00
A-16 0.00 3,000,000.00 16,250.00 0.00
A-R 0.00 0.00 0.00 0.00
B-1 0.00 16,064,232.93 100,463.62 0.00
B-2 0.00 4,889,895.04 30,580.77 0.00
B-3 0.00 2,094,814.28 13,100.70 0.00
B-4 0.00 2,095,811.81 13,106.94 0.00
B-5 0.00 1,187,061.42 7,423.73 0.00
B-6 240.84 1,606,894.12 9,808.47 1,095.24
Totals 240.84 682,965,390.92 9,298,844.45 1,095.24
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
APO 1,462,579.75 1,459,041.26 1,402.60 175.83 0.00 0.00
A-1 139,195,458.00 136,357,939.62 134,302.76 1,225,536.82 0.00 0.00
A-2 298,404,135.00 291,228,576.45 339,629.98 3,099,184.64 0.00 0.00
A-3 22,005,282.00 22,005,282.00 0.00 0.00 0.00 0.00
A-4 18,250,000.00 18,448,243.79 0.00 0.00 -99,927.99 0.00
A-5 67,178,451.00 67,178,451.00 0.00 0.00 0.00 0.00
A-6 10,395,765.00 9,920,498.21 22,495.35 205,274.14 0.00 0.00
A-7 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00
A-8 31,400,000.00 30,302,201.13 51,961.08 474,154.15 0.00 0.00
A-9 3,211,650.00 3,211,650.00 0.00 0.00 0.00 0.00
A-10 1,568,717.00 1,568,717.00 0.00 0.00 0.00 0.00
A-11 1,851,350.00 1,851,350.00 0.00 0.00 0.00 0.00
A-12 933,300.00 933,300.00 0.00 0.00 0.00 0.00
A-13 2,601,650.00 2,601,650.00 0.00 0.00 0.00 0.00
A-14 20,333,333.00 20,333,333.00 0.00 0.00 0.00 0.00
A-15 25,378,809.00 25,180,565.21 9,869.26 90,058.73 0.00 0.00
A-16 3,000,000.00 3,000,000.00 0.00 0.00 0.00 0.00
A-R 100.00 0.00 0.00 0.00 0.00 0.00
B-1 16,104,000.00 16,077,609.49 13,376.57 0.00 0.00 0.00
B-2 4,902,000.00 4,893,966.82 4,071.78 0.00 0.00 0.00
B-3 2,100,000.00 2,096,558.62 1,744.34 0.00 0.00 0.00
B-4 2,101,000.00 2,097,556.98 1,745.17 0.00 0.00 0.00
B-5 1,190,000.00 1,188,049.88 988.46 0.00 0.00 0.00
B-6 1,610,871.99 1,608,232.17 1,097.21 0.00 0.00 240.84
Totals 700,178,451.74 688,542,772.63 582,684.56 5,094,384.31 (99,927.99) 240.84
<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 1,578.43 1,457,462.84 0.99650145 1,578.43
A-1 1,359,839.58 134,998,100.04 0.96984558 1,359,839.58
A-2 3,438,814.62 287,789,761.83 0.96442954 3,438,814.62
A-3 0.00 22,005,282.00 1.00000000 0.00
A-4 (99,927.99) 18,548,171.78 1.01633818 (99,927.99)
A-5 0.00 67,178,451.00 1.00000000 0.00
A-6 227,769.50 9,692,728.71 0.93237282 227,769.50
A-7 0.00 25,000,000.00 1.00000000 0.00
A-8 526,115.23 29,776,085.90 0.94828299 526,115.23
A-9 0.00 3,211,650.00 1.00000000 0.00
A-10 0.00 1,568,717.00 1.00000000 0.00
A-11 0.00 1,851,350.00 1.00000000 0.00
A-12 0.00 933,300.00 1.00000000 0.00
A-13 0.00 2,601,650.00 1.00000000 0.00
A-14 0.00 20,333,333.00 1.00000000 0.00
A-15 99,927.99 25,080,637.22 0.98825115 99,927.99
A-16 0.00 3,000,000.00 1.00000000 0.00
A-R 0.00 0.00 0.00000000 0.00
B-1 13,376.57 16,064,232.93 0.99753061 13,376.57
B-2 4,071.78 4,889,895.04 0.99753061 4,071.78
B-3 1,744.34 2,094,814.28 0.99753061 1,744.34
B-4 1,745.17 2,095,811.81 0.99753061 1,745.17
B-5 988.46 1,187,061.42 0.99753061 988.46
B-6 1,338.05 1,606,894.12 0.99753061 1,097.21
Totals 5,577,381.73 682,965,390.92 0.97541618 5,577,140.89
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
APO 1,462,579.75 997.58065158 0.95899044 0.12021909 0.00000000
A-1 139,195,458.00 979.61486373 0.96485016 8.80443110 0.00000000
A-2 298,404,135.00 975.95355523 1.13815440 10.38586359 0.00000000
A-3 22,005,282.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 18,250,000.00 1010.86267342 0.00000000 0.00000000 -5.47550630
A-5 67,178,451.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 10,395,765.00 954.28265356 2.16389559 19.74593885 0.00000000
A-7 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 31,400,000.00 965.03825255 1.65481146 15.10045064 0.00000000
A-9 3,211,650.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-10 1,568,717.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-11 1,851,350.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-12 933,300.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-13 2,601,650.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-14 20,333,333.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-15 25,378,809.00 992.18860940 0.38887798 3.54857984 0.00000000
A-16 3,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 16,104,000.00 998.36124503 0.83063649 0.00000000 0.00000000
B-2 4,902,000.00 998.36124439 0.83063647 0.00000000 0.00000000
B-3 2,100,000.00 998.36124762 0.83063810 0.00000000 0.00000000
B-4 2,101,000.00 998.36124703 0.83063779 0.00000000 0.00000000
B-5 1,190,000.00 998.36124370 0.83063866 0.00000000 0.00000000
B-6 1,610,871.99 998.36124781 0.68112799 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 1.07920953 996.50144890 0.99650145 1.07920953
A-1 0.00000000 9.76928126 969.84558246 0.96984558 9.76928126
A-2 0.00000000 11.52401799 964.42953724 0.96442954 11.52401799
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 -5.47550630 1,016.33817973 1.01633818 -5.47550630
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 21.90983540 932.37281816 0.93237282 21.90983540
A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-8 0.00000000 16.75526210 948.28299045 0.94828299 16.75526210
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 3.93745782 988.25115158 0.98825115 3.93745782
A-16 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 0.83063649 997.53060917 0.99753061 0.83063649
B-2 0.00000000 0.83063647 997.53060792 0.99753061 0.83063647
B-3 0.00000000 0.83063810 997.53060952 0.99753061 0.83063810
B-4 0.00000000 0.83063779 997.53060923 0.99753061 0.83063779
B-5 0.00000000 0.83063866 997.53060504 0.99753061 0.83063866
B-6 0.14950909 0.83063708 997.53061073 0.99753061 0.68112799
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
APO 1,462,579.75 0.00000% 1,459,041.26 0.00 0.00 0.00
A-1 139,195,458.00 6.50000% 136,357,939.62 738,605.51 0.00 0.00
A-2 298,404,135.00 6.50000% 291,228,576.45 1,577,488.12 0.00 0.00
A-3 22,005,282.00 6.50000% 22,005,282.00 119,195.28 0.00 0.00
A-4 18,250,000.00 6.50000% 18,448,243.79 99,927.99 0.00 0.00
A-5 67,178,451.00 6.50000% 67,178,451.00 363,883.28 0.00 0.00
A-6 10,395,765.00 6.50000% 9,920,498.21 53,736.03 0.00 0.00
A-7 25,000,000.00 6.50000% 25,000,000.00 135,416.67 0.00 0.00
A-8 31,400,000.00 6.50000% 30,302,201.13 164,136.92 0.00 0.00
A-9 3,211,650.00 7.00000% 3,211,650.00 18,734.62 0.00 0.00
A-10 1,568,717.00 7.00000% 1,568,717.00 9,150.85 0.00 0.00
A-11 1,851,350.00 7.00000% 1,851,350.00 10,799.54 0.00 0.00
A-12 933,300.00 7.00000% 933,300.00 5,444.25 0.00 0.00
A-13 2,601,650.00 7.00000% 2,601,650.00 15,176.29 0.00 0.00
A-14 20,333,333.00 6.25000% 20,333,333.00 105,902.78 0.00 0.00
A-15 25,378,809.00 6.50000% 25,180,565.21 136,394.73 0.00 0.00
A-16 3,000,000.00 6.50000% 3,000,000.00 16,250.00 0.00 0.00
A-R 100.00 6.50000% 0.00 0.00 0.00 0.00
B-1 16,104,000.00 6.50000% 16,077,609.49 87,087.05 0.00 0.00
B-2 4,902,000.00 6.50000% 4,893,966.82 26,508.99 0.00 0.00
B-3 2,100,000.00 6.50000% 2,096,558.62 11,356.36 0.00 0.00
B-4 2,101,000.00 6.50000% 2,097,556.98 11,361.77 0.00 0.00
B-5 1,190,000.00 6.50000% 1,188,049.88 6,435.27 0.00 0.00
B-6 1,610,871.99 6.50000% 1,608,232.17 8,711.26 0.00 0.00
Totals 700,178,451.74 3,721,703.56 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
APO 0.00 0.00 0.00 0.00 1,457,462.84
A-1 0.00 0.00 738,605.51 0.00 134,998,100.04
A-2 0.00 0.00 1,577,488.12 0.00 287,789,761.83
A-3 0.00 0.00 119,195.28 0.00 22,005,282.00
A-4 0.00 0.00 99,927.99 0.00 18,548,171.78
A-5 0.00 0.00 363,883.28 0.00 67,178,451.00
A-6 0.00 0.00 53,736.03 0.00 9,692,728.71
A-7 0.00 0.00 135,416.67 0.00 25,000,000.00
A-8 0.00 0.00 164,136.92 0.00 29,776,085.90
A-9 0.00 0.00 18,734.62 0.00 3,211,650.00
A-10 0.00 0.00 9,150.85 0.00 1,568,717.00
A-11 0.00 0.00 10,799.54 0.00 1,851,350.00
A-12 0.00 0.00 5,444.25 0.00 933,300.00
A-13 0.00 0.00 15,176.29 0.00 2,601,650.00
A-14 0.00 0.00 105,902.78 0.00 20,333,333.00
A-15 0.00 0.00 136,394.73 0.00 25,080,637.22
A-16 0.00 0.00 16,250.00 0.00 3,000,000.00
A-R 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 87,087.05 0.00 16,064,232.93
B-2 0.00 0.00 26,508.99 0.00 4,889,895.04
B-3 0.00 0.00 11,356.36 0.00 2,094,814.28
B-4 0.00 0.00 11,361.77 0.00 2,095,811.81
B-5 0.00 0.00 6,435.27 0.00 1,187,061.42
B-6 0.00 0.00 8,711.26 0.00 1,606,894.12
Totals 0.00 0.00 3,721,703.56 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
APO 1,462,579.75 0.00000% 997.58065158 0.00000000 0.00000000 0.00000000
A-1 139,195,458.00 6.50000% 979.61486373 5.30624721 0.00000000 0.00000000
A-2 298,404,135.00 6.50000% 975.95355523 5.28641508 0.00000000 0.00000000
A-3 22,005,282.00 6.50000% 1000.00000000 5.41666678 0.00000000 0.00000000
A-4 18,250,000.00 6.50000% 1010.86267342 5.47550630 0.00000000 0.00000000
A-5 67,178,451.00 6.50000% 1000.00000000 5.41666672 0.00000000 0.00000000
A-6 10,395,765.00 6.50000% 954.28265356 5.16903085 0.00000000 0.00000000
A-7 25,000,000.00 6.50000% 1000.00000000 5.41666680 0.00000000 0.00000000
A-8 31,400,000.00 6.50000% 965.03825255 5.22729045 0.00000000 0.00000000
A-9 3,211,650.00 7.00000% 1000.00000000 5.83333178 0.00000000 0.00000000
A-10 1,568,717.00 7.00000% 1000.00000000 5.83333386 0.00000000 0.00000000
A-11 1,851,350.00 7.00000% 1000.00000000 5.83333243 0.00000000 0.00000000
A-12 933,300.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-13 2,601,650.00 7.00000% 1000.00000000 5.83333269 0.00000000 0.00000000
A-14 20,333,333.00 6.25000% 1000.00000000 5.20833353 0.00000000 0.00000000
A-15 25,378,809.00 6.50000% 992.18860940 5.37435504 0.00000000 0.00000000
A-16 3,000,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
A-R 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 16,104,000.00 6.50000% 998.36124503 5.40778999 0.00000000 0.00000000
B-2 4,902,000.00 6.50000% 998.36124439 5.40779070 0.00000000 0.00000000
B-3 2,100,000.00 6.50000% 998.36124762 5.40779048 0.00000000 0.00000000
B-4 2,101,000.00 6.50000% 998.36124703 5.40779153 0.00000000 0.00000000
B-5 1,190,000.00 6.50000% 998.36124370 5.40778992 0.00000000 0.00000000
B-6 1,610,871.99 6.50000% 998.36124781 5.40779159 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 996.50144890
A-1 0.00000000 0.00000000 5.30624721 0.00000000 969.84558246
A-2 0.00000000 0.00000000 5.28641508 0.00000000 964.42953724
A-3 0.00000000 0.00000000 5.41666678 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.47550630 0.00000000 1016.33817973
A-5 0.00000000 0.00000000 5.41666672 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.16903085 0.00000000 932.37281816
A-7 0.00000000 0.00000000 5.41666680 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.22729045 0.00000000 948.28299045
A-9 0.00000000 0.00000000 5.83333178 0.00000000 1000.00000000
A-10 0.00000000 0.00000000 5.83333386 0.00000000 1000.00000000
A-11 0.00000000 0.00000000 5.83333243 0.00000000 1000.00000000
A-12 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 5.83333269 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 5.20833353 0.00000000 1000.00000000
A-15 0.00000000 0.00000000 5.37435504 0.00000000 988.25115158
A-16 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.40778999 0.00000000 997.53060917
B-2 0.00000000 0.00000000 5.40779070 0.00000000 997.53060792
B-3 0.00000000 0.00000000 5.40779048 0.00000000 997.53060952
B-4 0.00000000 0.00000000 5.40779153 0.00000000 997.53060923
B-5 0.00000000 0.00000000 5.40778992 0.00000000 997.53060504
B-6 0.00000000 0.00000000 5.40779159 0.00000000 997.53061073
<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-2 SEQ 6.50000% 0.00 0.00 132,703,540.94 131,169,670.47 96.51632047%
A-2 SEQ 6.50000% 0.00 0.00 158,525,035.51 156,620,091.35 96.38159468%
A-6 SEQ 6.50000% 0.00 0.00 5,029,967.35 4,971,827.84 96.51632040%
A-6 SEQ 6.50000% 0.00 0.00 4,890,530.86 4,720,900.87 90.01651583%
A-8 SEQ 6.50000% 0.00 0.00 22,697,877.04 22,435,520.79 96.51632047%
A-8 SEQ 6.50000% 0.00 0.00 7,604,324.09 7,340,565.11 90.01651578%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 9,613,768.57
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 9,613,768.57
Withdrawals
Reimbursement for Servicer Advances 130,033.45
Payment of Service Fee 149,663.38
Payment of Interest and Principal 9,298,844.42
Total Withdrawals (Pool Distribution Amount) 9,578,541.25
Ending Balance 35,227.33
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 3,533.05
Servicing Fee Support 3,533.05
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 143,442.35
Master Servicing Fee 9,754.08
Supported Prepayment/Curtailment Interest Shortfall 3,533.05
Net Servicing Fee 149,663.38
</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 7 2,222,486.05 0.365154% 0.325417%
60 Days 1 252,441.20 0.052165% 0.036963%
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 8 2,474,927.25 0.417319% 0.362380%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 240.84
Cumulative Realized Losses - Includes Interest Shortfall 1,095.24
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,019,625.26
</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 28,007,871.99 4.00010482% 27,938,709.60 4.09079435% 95.900457% 100.000000%
Class B-1 11,903,871.99 1.70011973% 11,874,476.67 1.73866448% 2.357160% 0.000000%
Class B-2 7,001,871.99 1.00001249% 6,984,581.63 1.02268456% 0.717511% 0.000000%
Class B-3 4,901,871.99 0.70008895% 4,889,767.35 0.71596122% 0.307379% 0.000000%
Class B-4 2,800,871.99 0.40002259% 2,793,955.54 0.40909182% 0.307526% 0.000000%
Class B-5 1,610,871.99 0.23006592% 1,606,894.12 0.23528193% 0.174182% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.235785% 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 50,000.00 0.00714104% 50,000.00 0.00732102%
Fraud 14,003,569.03 2.00000000% 14,003,569.03 2.05040683%
Special Hazard 7,001,784.52 1.00000000% 7,001,784.52 1.02520342%
<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 7.151612%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 354
Beginning Scheduled Collateral Loan Count 1,930
Number Of Loans Paid In Full 13
Ending Scheduled Collateral Loan Count 1,917
Begining Scheduled Collateral Balance 688,542,772.63
Ending Scheduled Collateral Balance 682,965,390.92
Ending Actual Collateral Balance at 31-Jul-1999 685,957,909.89
Ending Scheduled Balance For Norwest 521,259,322.62
Ending Scheduled Balance For Other Services 161,706,068.30
Monthly P &I Constant 4,451,391.49
Class A Optimal Amount 9,122,781.78
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 600,488,554.09
Ending scheduled Balance For discounted Loans 82,476,836.83
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 615,105,569.55
Greater Than 80%, less than or equal to 85% 8,974,320.17
Greater than 85%, less than or equal to 95% 55,905,655.48
Greater than 95% 3,095,513.47
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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