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Previous: MISSION CRITICAL SOFTWARE INC, 424B1, 1999-08-05 |
Next: NATIONAL EQUITY TRUST LOW FIVE PORTFOLIO SERIES 26, 487, 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 1999-16 Trust
52-2177967
New York (governing law of 333-65481-20 52-2177969
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 1999-16
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
1999-16 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 1999-16 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 1999-16 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: 1999-16
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 NMB9916PO PO 0.00000% 648,752.59 0.00 646.43
A-1 66937RVA4 PAC 6.00000% 10,000,000.00 50,000.00 0.00
A-2 66937RVB2 PAC 6.00000% 13,000,000.00 65,000.00 0.00
A-3 66937RVC0 PAC 6.00000% 17,119,000.00 85,595.00 0.00
A-4 66937RVD8 PAC 6.00000% 21,297,000.00 106,485.00 0.00
A-5 66937RVF3 PAC 5.39250% 24,748,000.00 111,211.32 0.00
A-6 66937RVG1 SCH 2.60750% 0.00 53,775.34 0.00
A-7 66937RVH9 SCH 6.40000% 108,957,490.23 581,106.61 1,222,803.14
A-8 66937RVJ5 SCH 6.00000% 3,929,000.00 19,645.00 0.00
A-9 66937RVK2 SCH 7.00000% 3,929,000.00 22,919.17 0.00
A-10 66937RVL0 SCH 6.75000% 43,582,996.09 245,154.35 489,121.26
A-11 66937RVM8 PAC 6.00000% 12,828,000.00 64,140.00 0.00
A-12 66937RVN6 COMP 6.50000% 0.00 0.00 0.00
A-13 66937RVP1 SEQ 6.50000% 18,705,777.08 101,322.96 -101,322.96
A-14 66937RVQ9 SEQ 6.50000% 2,992,000.00 16,206.67 0.00
A-R 66937RVE6 R 6.50000% 0.00 0.00 0.00
A-LR 66937RVR7 R 6.50000% 0.00 10.86 0.00
B-1 66937RVS5 SUB 6.50000% 6,298,010.16 34,114.22 5,112.03
B-2 66937RVT3 SUB 6.50000% 2,399,099.22 12,995.12 1,947.32
B-3 66937RVU0 SUB 6.50000% 1,050,167.96 5,688.41 852.41
B-4 66937RXF1 SUB 6.50000% 1,049,168.76 5,683.00 851.60
B-5 66937RXG9 SUB 6.50000% 510,595.46 2,765.73 414.44
B-6 66937RXH7 SUB 6.50000% 690,003.24 3,737.52 560.07
Totals 293,734,060.79 1,587,556.28 1,620,985.74
</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 0.00 648,106.16 646.43 0.00
A-1 0.00 10,000,000.00 50,000.00 0.00
A-2 0.00 13,000,000.00 65,000.00 0.00
A-3 0.00 17,119,000.00 85,595.00 0.00
A-4 0.00 21,297,000.00 106,485.00 0.00
A-5 0.00 24,748,000.00 111,211.32 0.00
A-6 0.00 0.00 53,775.34 0.00
A-7 0.00 107,734,687.09 1,803,909.75 0.00
A-8 0.00 3,929,000.00 19,645.00 0.00
A-9 0.00 3,929,000.00 22,919.17 0.00
A-10 0.00 43,093,874.84 734,275.61 0.00
A-11 0.00 12,828,000.00 64,140.00 0.00
A-12 0.00 0.00 0.00 0.00
A-13 0.00 18,807,100.04 0.00 0.00
A-14 0.00 2,992,000.00 16,206.67 0.00
A-R 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 10.86 0.00
B-1 0.00 6,292,898.14 39,226.25 0.00
B-2 0.00 2,397,151.90 14,942.44 0.00
B-3 0.00 1,049,315.55 6,540.82 0.00
B-4 0.00 1,048,317.16 6,534.60 0.00
B-5 0.00 510,181.02 3,180.17 0.00
B-6 0.00 689,443.17 4,297.59 116.05
Totals 0.00 292,113,075.07 3,208,542.02 116.05
<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 649,468.62 648,752.59 592.93 53.50 0.00 0.00
A-1 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00
A-2 13,000,000.00 13,000,000.00 0.00 0.00 0.00 0.00
A-3 17,119,000.00 17,119,000.00 0.00 0.00 0.00 0.00
A-4 21,297,000.00 21,297,000.00 0.00 0.00 0.00 0.00
A-5 24,748,000.00 24,748,000.00 0.00 0.00 0.00 0.00
A-6 0.00 0.00 0.00 0.00 0.00 0.00
A-7 110,625,000.00 108,957,490.23 173,221.17 1,049,581.97 0.00 0.00
A-8 3,929,000.00 3,929,000.00 0.00 0.00 0.00 0.00
A-9 3,929,000.00 3,929,000.00 0.00 0.00 0.00 0.00
A-10 44,250,000.00 43,582,996.09 69,288.47 419,832.79 0.00 0.00
A-11 12,828,000.00 12,828,000.00 0.00 0.00 0.00 0.00
A-12 4,185,000.00 0.00 0.00 0.00 0.00 0.00
A-13 18,605,000.00 18,705,777.08 0.00 0.00 -101,322.96 0.00
A-14 2,992,000.00 2,992,000.00 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 6,303,000.00 6,298,010.16 5,112.03 0.00 0.00 0.00
B-2 2,401,000.00 2,399,099.22 1,947.32 0.00 0.00 0.00
B-3 1,051,000.00 1,050,167.96 852.41 0.00 0.00 0.00
B-4 1,050,000.00 1,049,168.76 851.60 0.00 0.00 0.00
B-5 511,000.00 510,595.46 414.44 0.00 0.00 0.00
B-6 690,549.92 690,003.24 560.07 0.00 0.00 0.00
Totals 300,163,218.54 293,734,060.79 252,840.44 1,469,468.26 (101,322.96) 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 646.43 648,106.16 0.99790219 646.43
A-1 0.00 10,000,000.00 1.00000000 0.00
A-2 0.00 13,000,000.00 1.00000000 0.00
A-3 0.00 17,119,000.00 1.00000000 0.00
A-4 0.00 21,297,000.00 1.00000000 0.00
A-5 0.00 24,748,000.00 1.00000000 0.00
A-6 0.00 0.00 0.00000000 0.00
A-7 1,222,803.14 107,734,687.09 0.97387288 1,222,803.14
A-8 0.00 3,929,000.00 1.00000000 0.00
A-9 0.00 3,929,000.00 1.00000000 0.00
A-10 489,121.26 43,093,874.84 0.97387288 489,121.26
A-11 0.00 12,828,000.00 1.00000000 0.00
A-12 0.00 0.00 0.00000000 0.00
A-13 (101,322.96) 18,807,100.04 1.01086267 (101,322.96)
A-14 0.00 2,992,000.00 1.00000000 0.00
A-R 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B-1 5,112.03 6,292,898.14 0.99839729 5,112.03
B-2 1,947.32 2,397,151.90 0.99839729 1,947.32
B-3 852.41 1,049,315.55 0.99839729 852.41
B-4 851.60 1,048,317.16 0.99839730 851.60
B-5 414.44 510,181.02 0.99839730 414.44
B-6 560.07 689,443.17 0.99839729 560.07
Totals 1,620,985.74 292,113,075.07 0.97318078 1,620,985.74
</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 649,468.62 998.89751409 0.91294634 0.08237503 0.00000000
A-1 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 13,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 17,119,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 21,297,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 24,748,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-7 110,625,000.00 984.92646536 1.56584108 9.48774662 0.00000000
A-8 3,929,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-9 3,929,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-10 44,250,000.00 984.92646531 1.56584113 9.48774667 0.00000000
A-11 12,828,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-12 4,185,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-13 18,605,000.00 1005.41666649 0.00000000 0.00000000 -5.44600699
A-14 2,992,000.00 1000.00000000 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 6,303,000.00 999.20833889 0.81104712 0.00000000 0.00000000
B-2 2,401,000.00 999.20833819 0.81104540 0.00000000 0.00000000
B-3 1,051,000.00 999.20833492 0.81104662 0.00000000 0.00000000
B-4 1,050,000.00 999.20834286 0.81104762 0.00000000 0.00000000
B-5 511,000.00 999.20833659 0.81103718 0.00000000 0.00000000
B-6 690,549.92 999.20834109 0.81104926 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination, except Class A-R and Class A-LR, which are 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 0.99532138 997.90219272 0.99790219 0.99532138
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 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 0.00000000 0.00000000 0.00000000
A-7 0.00000000 11.05358771 973.87287765 0.97387288 11.05358771
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 11.05358780 973.87287774 0.97387288 11.05358780
A-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-13 0.00000000 -5.44600699 1,010.86267347 1.01086267 -5.44600699
A-14 0.00000000 0.00000000 1,000.00000000 1.00000000 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 0.81104712 998.39729335 0.99839729 0.81104712
B-2 0.00000000 0.81104540 998.39729279 0.99839729 0.81104540
B-3 0.00000000 0.81104662 998.39728830 0.99839729 0.81104662
B-4 0.00000000 0.81104762 998.39729524 0.99839730 0.81104762
B-5 0.00000000 0.81103718 998.39729941 0.99839730 0.81103718
B-6 0.00000000 0.81104926 998.39729183 0.99839729 0.81104926
<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 649,468.62 0.00000% 648,752.59 0.00 0.00 0.00
A-1 10,000,000.00 6.00000% 10,000,000.00 50,000.00 0.00 0.00
A-2 13,000,000.00 6.00000% 13,000,000.00 65,000.00 0.00 0.00
A-3 17,119,000.00 6.00000% 17,119,000.00 85,595.00 0.00 0.00
A-4 21,297,000.00 6.00000% 21,297,000.00 106,485.00 0.00 0.00
A-5 24,748,000.00 5.39250% 24,748,000.00 111,211.32 0.00 0.00
A-6 0.00 2.60750% 24,748,000.00 53,775.34 0.00 0.00
A-7 110,625,000.00 6.40000% 108,957,490.23 581,106.61 0.00 0.00
A-8 3,929,000.00 6.00000% 3,929,000.00 19,645.00 0.00 0.00
A-9 3,929,000.00 7.00000% 3,929,000.00 22,919.17 0.00 0.00
A-10 44,250,000.00 6.75000% 43,582,996.09 245,154.35 0.00 0.00
A-11 12,828,000.00 6.00000% 12,828,000.00 64,140.00 0.00 0.00
A-12 4,185,000.00 6.50000% 0.00 0.00 0.00 0.00
A-13 18,605,000.00 6.50000% 18,705,777.08 101,322.96 0.00 0.00
A-14 2,992,000.00 6.50000% 2,992,000.00 16,206.67 0.00 0.00
A-R 100.00 6.50000% 0.00 0.00 0.00 0.00
A-LR 100.00 6.50000% 0.00 0.00 0.00 0.00
B-1 6,303,000.00 6.50000% 6,298,010.16 34,114.22 0.00 0.00
B-2 2,401,000.00 6.50000% 2,399,099.22 12,995.12 0.00 0.00
B-3 1,051,000.00 6.50000% 1,050,167.96 5,688.41 0.00 0.00
B-4 1,050,000.00 6.50000% 1,049,168.76 5,683.00 0.00 0.00
B-5 511,000.00 6.50000% 510,595.46 2,765.73 0.00 0.00
B-6 690,549.92 6.50000% 690,003.24 3,737.52 0.00 0.00
Totals 300,163,218.54 1,587,545.42 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 0.00 648,106.16
A-1 0.00 0.00 50,000.00 0.00 10,000,000.00
A-2 0.00 0.00 65,000.00 0.00 13,000,000.00
A-3 0.00 0.00 85,595.00 0.00 17,119,000.00
A-4 0.00 0.00 106,485.00 0.00 21,297,000.00
A-5 0.00 0.00 111,211.32 0.00 24,748,000.00
A-6 0.00 0.00 53,775.34 0.00 24,748,000.00
A-7 0.00 0.00 581,106.61 0.00 107,734,687.09
A-8 0.00 0.00 19,645.00 0.00 3,929,000.00
A-9 0.00 0.00 22,919.17 0.00 3,929,000.00
A-10 0.00 0.00 245,154.35 0.00 43,093,874.84
A-11 0.00 0.00 64,140.00 0.00 12,828,000.00
A-12 0.00 0.00 0.00 0.00 0.00
A-13 0.00 0.00 101,322.96 0.00 18,807,100.04
A-14 0.00 0.00 16,206.67 0.00 2,992,000.00
A-R 0.00 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 10.86 0.00 0.00
B-1 0.00 0.00 34,114.22 0.00 6,292,898.14
B-2 0.00 0.00 12,995.12 0.00 2,397,151.90
B-3 0.00 0.00 5,688.41 0.00 1,049,315.55
B-4 0.00 0.00 5,683.00 0.00 1,048,317.16
B-5 0.00 0.00 2,765.73 0.00 510,181.02
B-6 0.00 0.00 3,737.52 0.00 689,443.17
Totals 0.00 0.00 1,587,556.28 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 649,468.62 0.00000% 998.89751409 0.00000000 0.00000000 0.00000000
A-1 10,000,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-2 13,000,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-3 17,119,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-4 21,297,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-5 24,748,000.00 5.39250% 1000.00000000 4.49374980 0.00000000 0.00000000
A-6 0.00 2.60750% 1000.00000000 2.17291660 0.00000000 0.00000000
A-7 110,625,000.00 6.40000% 984.92646536 5.25294111 0.00000000 0.00000000
A-8 3,929,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-9 3,929,000.00 7.00000% 1000.00000000 5.83333418 0.00000000 0.00000000
A-10 44,250,000.00 6.75000% 984.92646531 5.54021130 0.00000000 0.00000000
A-11 12,828,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-12 4,185,000.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
A-13 18,605,000.00 6.50000% 1005.41666649 5.44600699 0.00000000 0.00000000
A-14 2,992,000.00 6.50000% 1000.00000000 5.41666778 0.00000000 0.00000000
A-R 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 6,303,000.00 6.50000% 999.20833889 5.41237823 0.00000000 0.00000000
B-2 2,401,000.00 6.50000% 999.20833819 5.41237818 0.00000000 0.00000000
B-3 1,051,000.00 6.50000% 999.20833492 5.41237869 0.00000000 0.00000000
B-4 1,050,000.00 6.50000% 999.20834286 5.41238095 0.00000000 0.00000000
B-5 511,000.00 6.50000% 999.20833659 5.41238748 0.00000000 0.00000000
B-6 690,549.92 6.50000% 999.20834109 5.41238206 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination, except Class A-R and Class A-LR, which are 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 997.90219272
A-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 4.49374980 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 2.17291660 0.00000000 1000.00000000
A-7 0.00000000 0.00000000 5.25294111 0.00000000 973.87287765
A-8 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-9 0.00000000 0.00000000 5.83333418 0.00000000 1000.00000000
A-10 0.00000000 0.00000000 5.54021130 0.00000000 973.87287774
A-11 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-13 0.00000000 0.00000000 5.44600699 0.00000000 1010.86267347
A-14 0.00000000 0.00000000 5.41666778 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 108.60000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.41237823 0.00000000 998.39729335
B-2 0.00000000 0.00000000 5.41237818 0.00000000 998.39729279
B-3 0.00000000 0.00000000 5.41237869 0.00000000 998.39728830
B-4 0.00000000 0.00000000 5.41238095 0.00000000 998.39729524
B-5 0.00000000 0.00000000 5.41238748 0.00000000 998.39729941
B-6 0.00000000 0.00000000 5.41238206 0.00000000 998.39729183
<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 33,422.83
Deposits
Payments of Interest and Principal 3,135,574.47
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 102,836.38
Realized Losses 0.00
Total Deposits 3,238,410.85
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 63,291.63
Payment of Interest and Principal 3,208,542.02
Total Withdrawals (Pool Distribution Amount) 3,271,833.65
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,063.94
Servicing Fee Support 2,063.94
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 61,194.35
Master Servicing Fee 4,161.22
Supported Prepayment/Curtailment Interest Shortfall 2,063.94
Net Servicing Fee 63,291.63
</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 2 655,705.34 0.244499% 0.224470%
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 2 655,705.34 0.244499% 0.224470%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 116.05
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 213,757.11
</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 12,006,549.92 4.00000706% 11,987,306.94 4.10365299% 95.887222% 100.000000%
Class B-1 5,703,549.92 1.90014951% 5,694,408.80 1.94938511% 2.159058% 0.000000%
Class B-2 3,302,549.92 1.10025137% 3,297,256.90 1.12876046% 0.822449% 0.000000%
Class B-3 2,251,549.92 0.75010853% 2,247,941.35 0.76954493% 0.360014% 0.000000%
Class B-4 1,201,549.92 0.40029885% 1,199,624.19 0.41067117% 0.359672% 0.000000%
Class B-5 690,549.92 0.23005814% 689,443.17 0.23601928% 0.175040% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.236544% 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 0.01665760% 50,000.00 0.01711666%
Fraud 6,003,264.37 2.00000000% 6,003,264.37 2.05511663%
Special Hazard 4,728,124.94 1.57518465% 4,728,124.94 1.61859408%
<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 7.145075%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 357
Begin Scheduled Collateral Loan Count 822
Number Of Loans Paid In Full 4
End Scheduled Collateral Loan Count 818
Begining Scheduled Collateral Balance 293,734,060.80
Ending Scheduled Collateral Balance 292,113,075.06
Ending Actual Collateral Balance at 30-Jun-1 292,316,986.51
Ending Scheduled Balance For Norwest 281,531,832.87
Ending Scheduled Balance For Other Services 10,581,242.19
Monthly P &I Constant 1,892,340.32
Class A Optimal Amount 3,133,162.86
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loan 258,455,601.75
Ending scheduled Balance For discounted Loans 33,657,473.31
Unpaid Principal Balance Of Outstanding Mortgage
Less Than Or Equal To 80% 260,224,873.42
Greater Than 80%, less than or equal to 85% 4,396,317.57
Greater than 85%, less than or equal to 95% 27,512,646.48
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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