|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-17 TRUST, 8-K, 2000-01-06 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-16 TRUST, 8-K, 2000-01-06 |
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): December 27, 1999
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-14 Trust
New York (governing law of 333-65481-19 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 December 27, 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 December 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 1999-14 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 12/28/99
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 December
27, 1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 11/30/99
Distribution Date: 12/27/99
NASCOR Series: 1999-14
Contact: Customer Service - SecuritiesLink
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% 1,441,906.51 0.00 1,766.53
A-1 66937RWD7 SEQ 6.50000% 132,517,748.54 717,804.47 565,456.66
A-2 66937RWE5 COMP 6.50000% 281,517,353.56 1,524,885.67 1,429,948.54
A-3 66937RWF2 SEQ 6.50000% 22,005,282.00 119,195.28 0.00
A-4 66937RWG0 SEQ 6.50000% 18,851,215.15 102,110.75 -102,110.75
A-5 66937RWH8 SEQ 6.50000% 67,178,451.00 363,883.28 0.00
A-6 66937RWJ4 COMP 6.50000% 9,277,276.46 50,251.91 94,712.48
A-7 66937RWK1 SEQ 6.50000% 25,000,000.00 135,416.67 0.00
A-8 66937RWL9 COMP 6.50000% 28,816,450.13 156,089.10 218,772.39
A-9 66937RWM7 SEQ 7.00000% 3,211,650.00 18,734.63 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% 24,777,593.85 134,211.97 102,110.75
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% 16,023,201.56 86,792.34 13,953.92
B-2 66937RWX3 SUB 6.50000% 4,877,405.24 26,419.28 4,247.52
B-3 66937RWY1 SUB 6.50000% 2,089,463.69 11,317.93 1,819.62
B-4 66937RWZ8 SUB 6.50000% 2,090,458.67 11,323.32 1,820.49
B-5 66937RXA2 SUB 6.50000% 1,184,029.42 6,413.49 1,031.12
B-6 66937RXB0 SUB 6.50000% 1,602,789.78 8,681.78 611.98
Totals 672,750,625.56 3,636,255.58 2,334,141.25
</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 1,440,139.98 1,766.53 0.00
A-1 0.00 131,952,291.89 1,283,261.13 0.00
A-2 0.00 280,087,405.02 2,954,834.21 0.00
A-3 0.00 22,005,282.00 119,195.28 0.00
A-4 0.00 18,953,325.89 0.00 0.00
A-5 0.00 67,178,451.00 363,883.28 0.00
A-6 0.00 9,182,563.98 144,964.39 0.00
A-7 0.00 25,000,000.00 135,416.67 0.00
A-8 0.00 28,597,677.74 374,861.49 0.00
A-9 0.00 3,211,650.00 18,734.63 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 24,675,483.11 236,322.72 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 16,009,247.64 100,746.26 0.00
B-2 0.00 4,873,157.72 30,666.80 0.00
B-3 0.00 2,087,644.07 13,137.55 0.00
B-4 0.00 2,088,638.18 13,143.81 0.00
B-5 0.00 1,182,998.30 7,444.61 0.00
B-6 783.82 1,601,393.98 9,293.76 4,112.27
Totals 783.82 670,415,700.50 5,970,396.83 4,112.27
<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 1,441,906.51 1,433.46 333.07 0.00 0.00
A-1 139,195,458.00 132,517,748.54 137,230.96 428,225.70 0.00 0.00
A-2 298,404,135.00 281,517,353.56 347,034.93 1,082,913.61 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 18,851,215.15 0.00 0.00 -102,110.75 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 9,277,276.46 22,985.82 71,726.66 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 28,816,450.13 53,093.98 165,678.41 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 24,777,593.85 24,781.31 77,329.44 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 16,023,201.56 13,953.92 0.00 0.00 0.00
B-2 4,902,000.00 4,877,405.24 4,247.52 0.00 0.00 0.00
B-3 2,100,000.00 2,089,463.69 1,819.62 0.00 0.00 0.00
B-4 2,101,000.00 2,090,458.67 1,820.49 0.00 0.00 0.00
B-5 1,190,000.00 1,184,029.42 1,031.12 0.00 0.00 0.00
B-6 1,610,871.99 1,602,789.78 611.98 0.00 0.00 783.82
Totals 700,178,451.74 672,750,625.56 610,045.11 1,826,206.89 (102,110.75) 783.82
<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 1,766.53 1,440,139.98 0.98465740 1,766.53
A-1 565,456.66 131,952,291.89 0.94796406 565,456.66
A-2 1,429,948.54 280,087,405.02 0.93861771 1,429,948.54
A-3 0.00 22,005,282.00 1.00000000 0.00
A-4 (102,110.75) 18,953,325.89 1.03853840 (102,110.75)
A-5 0.00 67,178,451.00 1.00000000 0.00
A-6 94,712.48 9,182,563.98 0.88329853 94,712.48
A-7 0.00 25,000,000.00 1.00000000 0.00
A-8 218,772.39 28,597,677.74 0.91075407 218,772.39
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-15 102,110.75 24,675,483.11 0.97228688 102,110.75
A-16 0.00 3,000,000.00 1.00000000 0.00
A-R 0.00 0.00 0.00000000 0.00
B-1 13,953.92 16,009,247.64 0.99411622 13,953.92
B-2 4,247.52 4,873,157.72 0.99411622 4,247.52
B-3 1,819.62 2,087,644.07 0.99411622 1,819.62
B-4 1,820.49 2,088,638.18 0.99411622 1,820.49
B-5 1,031.12 1,182,998.30 0.99411622 1,031.12
B-6 1,395.80 1,601,393.98 0.99411622 611.98
Totals 2,334,925.07 670,415,700.50 0.95749262 2,334,141.25
</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 1,462,579.75 985.86522205 0.98009015 0.22772775 0.00000000
A-1 139,195,458.00 952.02638394 0.98588677 3.07643443 0.00000000
A-2 298,404,135.00 943.40969357 1.16296957 3.62901677 0.00000000
A-3 22,005,282.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 18,250,000.00 1032.94329589 0.00000000 0.00000000 -5.59510959
A-5 67,178,451.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 10,395,765.00 892.40921279 2.21107538 6.89960383 0.00000000
A-7 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 31,400,000.00 917.72134172 1.69089108 5.27638248 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 25,378,809.00 976.31034813 0.97645678 3.04700823 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 16,104,000.00 994.98270989 0.86648783 0.00000000 0.00000000
B-2 4,902,000.00 994.98270910 0.86648715 0.00000000 0.00000000
B-3 2,100,000.00 994.98270952 0.86648571 0.00000000 0.00000000
B-4 2,101,000.00 994.98270823 0.86648739 0.00000000 0.00000000
B-5 1,190,000.00 994.98270588 0.86648739 0.00000000 0.00000000
B-6 1,610,871.99 994.98271120 0.37990604 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 1.20781790 984.65740415 0.98465740 1.20781790
A-1 0.00000000 4.06232120 947.96406281 0.94796406 4.06232120
A-2 0.00000000 4.79198634 938.61770722 0.93861771 4.79198634
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 -5.59510959 1,038.53840493 1.03853840 -5.59510959
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 9.11067920 883.29853359 0.88329853 9.11067920
A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-8 0.00000000 6.96727357 910.75406815 0.91075407 6.96727357
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 4.02346501 972.28688352 0.97228688 4.02346501
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 0.86648783 994.11622206 0.99411622 0.86648783
B-2 0.00000000 0.86648715 994.11622195 0.99411622 0.86648715
B-3 0.00000000 0.86648571 994.11622381 0.99411622 0.86648571
B-4 0.00000000 0.86648739 994.11622085 0.99411622 0.86648739
B-5 0.00000000 0.86648739 994.11621849 0.99411622 0.86648739
B-6 0.48658118 0.86648722 994.11622397 0.99411622 0.37990604
<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% 1,441,906.51 0.00 0.00 0.00
A-1 139,195,458.00 6.50000% 132,517,748.54 717,804.47 0.00 0.00
A-2 298,404,135.00 6.50000% 281,517,353.56 1,524,885.67 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% 18,851,215.15 102,110.75 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% 9,277,276.46 50,251.91 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% 28,816,450.13 156,089.10 0.00 0.00
A-9 3,211,650.00 7.00000% 3,211,650.00 18,734.63 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% 24,777,593.85 134,211.97 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% 16,023,201.56 86,792.34 0.00 0.00
B-2 4,902,000.00 6.50000% 4,877,405.24 26,419.28 0.00 0.00
B-3 2,100,000.00 6.50000% 2,089,463.69 11,317.93 0.00 0.00
B-4 2,101,000.00 6.50000% 2,090,458.67 11,323.32 0.00 0.00
B-5 1,190,000.00 6.50000% 1,184,029.42 6,413.49 0.00 0.00
B-6 1,610,871.99 6.50000% 1,602,789.78 8,681.78 0.00 0.00
Totals 700,178,451.74 3,636,255.58 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 1,440,139.98
A-1 0.00 0.00 717,804.47 0.00 131,952,291.89
A-2 0.00 0.00 1,524,885.67 0.00 280,087,405.02
A-3 0.00 0.00 119,195.28 0.00 22,005,282.00
A-4 0.00 0.00 102,110.75 0.00 18,953,325.89
A-5 0.00 0.00 363,883.28 0.00 67,178,451.00
A-6 0.00 0.00 50,251.91 0.00 9,182,563.98
A-7 0.00 0.00 135,416.67 0.00 25,000,000.00
A-8 0.00 0.00 156,089.10 0.00 28,597,677.74
A-9 0.00 0.00 18,734.63 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 0.00 134,211.97 0.00 24,675,483.11
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 86,792.34 0.00 16,009,247.64
B-2 0.00 0.00 26,419.28 0.00 4,873,157.72
B-3 0.00 0.00 11,317.93 0.00 2,087,644.07
B-4 0.00 0.00 11,323.32 0.00 2,088,638.18
B-5 0.00 0.00 6,413.49 0.00 1,182,998.30
B-6 0.00 0.00 8,681.78 0.00 1,601,393.98
Totals 0.00 0.00 3,636,255.58 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% 985.86522205 0.00000000 0.00000000 0.00000000
A-1 139,195,458.00 6.50000% 952.02638394 5.15680957 0.00000000 0.00000000
A-2 298,404,135.00 6.50000% 943.40969357 5.11013586 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% 1032.94329589 5.59510959 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% 892.40921279 4.83388284 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% 917.72134172 4.97099045 0.00000000 0.00000000
A-9 3,211,650.00 7.00000% 1000.00000000 5.83333489 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% 976.31034813 5.28834785 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% 994.98270989 5.38948957 0.00000000 0.00000000
B-2 4,902,000.00 6.50000% 994.98270910 5.38949000 0.00000000 0.00000000
B-3 2,100,000.00 6.50000% 994.98270952 5.38949048 0.00000000 0.00000000
B-4 2,101,000.00 6.50000% 994.98270823 5.38949072 0.00000000 0.00000000
B-5 1,190,000.00 6.50000% 994.98270588 5.38948739 0.00000000 0.00000000
B-6 1,610,871.99 6.50000% 994.98271120 5.38949094 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 984.65740415
A-1 0.00000000 0.00000000 5.15680957 0.00000000 947.96406281
A-2 0.00000000 0.00000000 5.11013586 0.00000000 938.61770722
A-3 0.00000000 0.00000000 5.41666678 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.59510959 0.00000000 1038.53840493
A-5 0.00000000 0.00000000 5.41666672 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 4.83388284 0.00000000 883.29853359
A-7 0.00000000 0.00000000 5.41666680 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 4.97099045 0.00000000 910.75406815
A-9 0.00000000 0.00000000 5.83333489 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 5.28834785 0.00000000 972.28688352
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 5.38948957 0.00000000 994.11622206
B-2 0.00000000 0.00000000 5.38949000 0.00000000 994.11622195
B-3 0.00000000 0.00000000 5.38949048 0.00000000 994.11622381
B-4 0.00000000 0.00000000 5.38949072 0.00000000 994.11622085
B-5 0.00000000 0.00000000 5.38948739 0.00000000 994.11621849
B-6 0.00000000 0.00000000 5.38949094 0.00000000 994.11622397
<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
Class Rate Balance Balance Balance Balance Percentage
<S> <C> <C> <C> <C> <C> <C>
A-2 SEQ 6.50000% 0.00 0.00 128,371,886.10 127,734,062.87 93.98835648%
A-2 SEQ 6.50000% 0.00 0.00 153,145,467.46 152,353,342.15 93.75590286%
A-6 SEQ 6.50000% 0.00 0.00 4,865,781.21 4,841,605.29 93.98835649%
A-6 SEQ 6.50000% 0.00 0.00 4,411,495.25 4,340,958.69 82.77190888%
A-8 SEQ 6.50000% 0.00 0.00 21,956,982.20 21,847,887.65 93.98835649%
A-8 SEQ 6.50000% 0.00 0.00 6,859,467.94 6,749,790.09 82.77190884%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 39,579.92
Deposits
Payments of Interest and Principal 6,109,567.18
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 6,109,567.18
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 148,545.55
Payment of Interest and Principal 5,970,396.82
Total Withdrawals (Pool Distribution Amount) 6,118,942.37
Ending Balance 30,204.73
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,111.46
Servicing Fee Support 1,111.46
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 140,128.29
Master Servicing Fee 9,528.72
Supported Prepayment/Curtailment Interest Shortfall 1,111.46
Net Servicing Fee 148,545.55
</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 13 3,794,315.63 0.687467% 0.565965%
60 Days 1 114,056.50 0.052882% 0.017013%
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 14 3,908,372.13 0.740349% 0.582977%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 783.82
Cumulative Realized Losses - Includes Interest Shortfall 4,112.27
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,065,987.50
</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% 27,843,079.89 4.15310678% 95.837953% 100.000000%
Class B-1 11,903,871.99 1.70011973% 11,833,832.25 1.76514844% 2.393099% 0.000000%
Class B-2 7,001,871.99 1.00001249% 6,960,674.53 1.03826246% 0.728451% 0.000000%
Class B-3 4,901,871.99 0.70008895% 4,873,030.46 0.72686700% 0.312066% 0.000000%
Class B-4 2,800,871.99 0.40002259% 2,784,392.28 0.41532325% 0.312214% 0.000000%
Class B-5 1,610,871.99 0.23006592% 1,601,393.98 0.23886582% 0.176837% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.239380% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
<S> Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 50,000.00 0.00714104% 50,000.00 0.00745806%
Fraud 14,003,569.03 2.00000000% 14,003,569.03 2.08878894%
Special Hazard 7,001,784.52 1.00000000% 7,001,784.52 1.04439447%
<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 7.143212%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 350
Beginning Scheduled Collateral Loan Count 1,895
Number Of Loans Paid In Full 4
Ending Scheduled Collateral Loan Count 1,891
Beginning Scheduled Collateral Balance 672,750,625.58
Ending Scheduled Collateral Balance 670,415,700.50
Ending Actual Collateral Balance at 30-Nov-1999 670,973,069.92
Ending Scheduled Balance For Norwest 512,221,353.75
Ending Scheduled Balance For Other Services 158,194,346.75
Monthly P &I Constant 4,372,459.76
Class A Optimal Amount 5,794,197.51
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 588,569,009.09
Ending scheduled Balance For discounted Loans 81,846,691.41
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 603,085,790.25
Greater Than 80%, less than or equal to 85% 8,938,886.82
Greater than 85%, less than or equal to 95% 55,425,036.25
Greater than 95% 3,085,054.72
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
|
|