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Previous: SALOMON BROTHERS MORT SEC VII FL RTE PA THR CER SER 1999-LBI, 8-K, 1999-10-07 |
Next: INTERTRUST TECHNOLOGIES CORP, 424A, 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 1999-18 Trust
New York (governing law of 333-65481-22 52-2182727
Pooling and Servicing Agreement) (Commission 52-2182728
(State or other File Number) IRS EIN
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 1999-18
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
1999-18 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 1999-18 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 1999-18 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: 1999-18
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 NMB9918PO PO 0.00000% 1,325,547.98 0.00 1,377.37
A-1 66937RXW4 SEQ 6.00000% 70,339,269.62 351,696.35 528,035.67
A-2 66937RXX2 SEQ 6.00000% 53,772,000.00 268,860.00 0.00
A-3 66937RXY0 SEQ 6.00000% 2,831,000.00 14,155.00 0.00
A-4 66937RXZ7 SEQ 6.00000% 102,832,049.51 514,160.25 384,073.22
A-5 66937RYA1 SEQ 6.50000% 4,103,366.35 22,226.57 317,648.80
A-6 66937RYB9 SEQ 6.03000% 20,720,434.05 104,120.18 337,428.35
A-7 66937RYC7 SEQ 7.72200% 7,969,396.83 51,283.07 129,780.12
A-8 66937RYD5 SEQ 1.39907% 40,499,202.16 315,109.98 -219,370.68
A-9 66937RYH6 SEQ 6.50000% 685,382.78 3,712.49 570.30
A-10 66937RYJ2 SEQ 6.75000% 333,141,570.13 1,873,921.33 1,530,830.25
A-11 66937RYK9 SEQ 6.75000% 7,368,198.03 41,446.11 -41,446.11
A-12 66937RYL7 SEQ 7.00000% 24,073,000.00 140,425.83 0.00
A-13 66937RYM5 PO 0.00000% 1,106,000.00 0.00 0.00
A-14 66937RYN3 SEQ 6.18000% 4,338,761.88 22,344.62 576,605.65
A-15 66937RYP8 SEQ 8.94857% 1,124,864.20 8,388.27 149,490.36
A-16 66937RYQ6 SEQ 6.62500% 15,078,286.11 83,244.70 83,096.16
A-17 66937RYR4 SEQ 6.75000% 37,144,000.00 208,935.00 0.00
A-18 66937RYS2 SEQ 6.75000% 18,862,854.31 106,103.56 168,958.76
A-19 66937RYT0 SEQ 6.75000% 29,880,338.64 168,076.90 -168,076.90
A-20 66937RYU7 PO 0.00000% 18,158,380.69 0.00 88,440.70
A-21 66937RYW3 PO 6.50000% 0.00 1,570.65 0.00
A-22 66937RYX1 SEQ 6.50000% 505,674.16 2,739.07 420.59
A-R 66937RZA0 R 6.50000% 0.00 0.00 0.00
A-LR 66937RZB8 R 6.50000% 0.00 97.88 0.00
B-1 66937RZC6 SUB 6.50000% 19,094,837.92 103,430.37 15,884.57
B-2 66937RZD4 SUB 6.50000% 5,941,304.01 32,182.06 4,942.44
B-3 66937RZE2 SUB 6.50000% 2,970,152.82 16,088.33 2,470.80
B-4 66937RB57 SUB 6.50000% 2,545,845.27 13,790.00 2,117.83
B-5 66937RB65 SUB 6.50000% 1,442,645.65 7,814.33 1,200.10
B-6 66937RB73 SUB 6.50000% 1,952,661.40 10,576.92 1,624.38
Totals 829,807,024.50 4,486,499.82 3,896,102.73
</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 1,324,170.61 1,377.37 0.00
A-1 0.00 69,811,233.95 879,732.02 0.00
A-2 0.00 53,772,000.00 268,860.00 0.00
A-3 0.00 2,831,000.00 14,155.00 0.00
A-4 0.00 102,447,976.29 898,233.47 0.00
A-5 0.00 3,785,717.55 339,875.37 0.00
A-6 0.00 20,383,005.70 441,548.53 0.00
A-7 0.00 7,839,616.70 181,063.19 0.00
A-8 0.00 40,718,572.83 95,739.30 0.00
A-9 0.00 684,812.49 4,282.79 0.00
A-10 0.00 331,610,739.88 3,404,751.58 0.00
A-11 0.00 7,409,644.15 0.00 0.00
A-12 0.00 24,073,000.00 140,425.83 0.00
A-13 0.00 1,106,000.00 0.00 0.00
A-14 0.00 3,762,156.22 598,950.27 0.00
A-15 0.00 975,373.85 157,878.63 0.00
A-16 0.00 14,995,189.95 166,340.86 0.00
A-17 0.00 37,144,000.00 208,935.00 0.00
A-18 0.00 18,693,895.55 275,062.32 0.00
A-19 0.00 30,048,415.54 0.00 0.00
A-20 0.00 18,069,939.98 88,440.70 0.00
A-21 0.00 0.00 1,570.65 0.00
A-22 0.00 505,253.57 3,159.66 0.00
A-R 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 97.88 0.00
B-1 0.00 19,078,953.35 119,314.94 0.00
B-2 0.00 5,936,361.57 37,124.50 0.00
B-3 0.00 2,967,682.02 18,559.13 0.00
B-4 0.00 2,543,727.44 15,907.83 0.00
B-5 0.00 1,441,445.55 9,014.43 0.00
B-6 0.00 1,951,037.02 12,201.30 602.91
Totals 0.00 825,910,921.76 8,382,602.55 602.91
<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 1,328,709.03 1,325,547.98 1,244.77 132.60 0.00 0.00
A-1 71,229,000.00 70,339,269.62 90,118.32 437,917.35 0.00 0.00
A-2 53,772,000.00 53,772,000.00 0.00 0.00 0.00 0.00
A-3 2,831,000.00 2,831,000.00 0.00 0.00 0.00 0.00
A-4 103,499,000.00 102,832,049.51 65,548.67 318,524.55 0.00 0.00
A-5 4,550,000.00 4,103,366.35 58,005.55 281,869.82 -22,226.57 0.00
A-6 25,165,473.00 20,720,434.05 57,587.92 279,840.43 0.00 0.00
A-7 9,679,027.00 7,969,396.83 22,149.20 107,630.92 0.00 0.00
A-8 40,064,000.00 40,499,202.16 0.00 0.00 -219,370.68 0.00
A-9 686,500.00 685,382.78 570.30 0.00 0.00 0.00
A-10 335,500,000.00 333,141,570.13 213,306.51 1,317,523.74 0.00 0.00
A-11 7,286,000.00 7,368,198.03 0.00 0.00 -41,446.11 0.00
A-12 24,073,000.00 24,073,000.00 0.00 0.00 0.00 0.00
A-13 1,106,000.00 1,106,000.00 0.00 0.00 0.00 0.00
A-14 11,943,176.00 4,338,761.88 80,344.47 496,261.19 0.00 0.00
A-15 3,096,379.00 1,124,864.20 20,830.05 128,660.31 0.00 0.00
A-16 15,243,000.00 15,078,286.11 83,096.16 0.00 0.00 0.00
A-17 37,144,000.00 37,144,000.00 0.00 0.00 0.00 0.00
A-18 19,196,370.00 18,862,854.31 168,958.76 0.00 0.00 0.00
A-19 29,547,000.00 29,880,338.64 0.00 0.00 -168,076.90 0.00
A-20 18,620,575.00 18,158,380.69 15,103.23 73,337.47 0.00 0.00
A-21 0.00 0.00 0.00 0.00 0.00 0.00
A-22 506,500.00 505,674.16 420.59 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 19,126,000.00 19,094,837.92 15,884.57 0.00 0.00 0.00
B-2 5,951,000.00 5,941,304.01 4,942.44 0.00 0.00 0.00
B-3 2,975,000.00 2,970,152.82 2,470.80 0.00 0.00 0.00
B-4 2,550,000.00 2,545,845.27 2,117.83 0.00 0.00 0.00
B-5 1,445,000.00 1,442,645.65 1,200.10 0.00 0.00 0.00
B-6 1,955,848.07 1,952,661.40 1,624.38 0.00 0.00 0.00
Totals 850,069,757.10 829,807,024.50 905,524.62 3,441,698.38 (451,120.26) 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 1,377.37 1,324,170.61 0.99658434 1,377.37
A-1 528,035.67 69,811,233.95 0.98009566 528,035.67
A-2 0.00 53,772,000.00 1.00000000 0.00
A-3 0.00 2,831,000.00 1.00000000 0.00
A-4 384,073.22 102,447,976.29 0.98984508 384,073.22
A-5 317,648.80 3,785,717.55 0.83202584 317,648.80
A-6 337,428.35 20,383,005.70 0.80995917 337,428.35
A-7 129,780.12 7,839,616.70 0.80995917 129,780.12
A-8 (219,370.68) 40,718,572.83 1.01633818 (219,370.68)
A-9 570.30 684,812.49 0.99754186 570.30
A-10 1,530,830.25 331,610,739.88 0.98840757 1,530,830.25
A-11 (41,446.11) 7,409,644.15 1.01697010 (41,446.11)
A-12 0.00 24,073,000.00 1.00000000 0.00
A-13 0.00 1,106,000.00 1.00000000 0.00
A-14 576,605.65 3,762,156.22 0.31500467 576,605.65
A-15 149,490.36 975,373.85 0.31500467 149,490.36
A-16 83,096.16 14,995,189.95 0.98374270 83,096.16
A-17 0.00 37,144,000.00 1.00000000 0.00
A-18 168,958.76 18,693,895.55 0.97382451 168,958.76
A-19 (168,076.90) 30,048,415.54 1.01697010 (168,076.90)
A-20 88,440.70 18,069,939.98 0.97042868 88,440.70
A-21 0.00 0.00 0.00000000 0.00
A-22 420.59 505,253.57 0.99753913 420.59
A-R 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B-1 15,884.57 19,078,953.35 0.99754017 15,884.57
B-2 4,942.44 5,936,361.57 0.99754017 4,942.44
B-3 2,470.80 2,967,682.02 0.99754017 2,470.80
B-4 2,117.83 2,543,727.44 0.99754017 2,117.83
B-5 1,200.10 1,441,445.55 0.99754017 1,200.10
B-6 1,624.38 1,951,037.02 0.99754017 1,624.38
Totals 3,896,102.73 825,910,921.76 0.97158017 3,896,102.73
</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 1,328,709.03 997.62096145 0.93682663 0.09979612 0.00000000
A-1 71,229,000.00 987.50887448 1.26519142 6.14802047 0.00000000
A-2 53,772,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 2,831,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 103,499,000.00 993.55597165 0.63332660 3.07756162 0.00000000
A-5 4,550,000.00 901.83875824 12.74847253 61.94941099 -4.88496044
A-6 25,165,473.00 823.36755800 2.28837026 11.12001471 0.00000000
A-7 9,679,027.00 823.36755854 2.28837051 11.12001444 0.00000000
A-8 40,064,000.00 1010.86267372 0.00000000 0.00000000 -5.47550619
A-9 686,500.00 998.37258558 0.83073562 0.00000000 0.00000000
A-10 335,500,000.00 992.97040277 0.63578692 3.92704542 0.00000000
A-11 7,286,000.00 1011.28164013 0.00000000 0.00000000 -5.68845869
A-12 24,073,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-13 1,106,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-14 11,943,176.00 363.28375970 6.72722817 41.55186108 0.00000000
A-15 3,096,379.00 363.28375822 6.72722881 41.55186106 0.00000000
A-16 15,243,000.00 989.19412911 5.45143082 0.00000000 0.00000000
A-17 37,144,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-18 19,196,370.00 982.62610639 8.80159947 0.00000000 0.00000000
A-19 29,547,000.00 1011.28164078 0.00000000 0.00000000 -5.68845907
A-20 18,620,575.00 975.17830088 0.81110438 3.93851801 0.00000000
A-21 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-22 506,500.00 998.36951629 0.83038500 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 19,126,000.00 998.37069539 0.83052233 0.00000000 0.00000000
B-2 5,951,000.00 998.37069568 0.83052260 0.00000000 0.00000000
B-3 2,975,000.00 998.37069580 0.83052101 0.00000000 0.00000000
B-4 2,550,000.00 998.37069412 0.83052157 0.00000000 0.00000000
B-5 1,445,000.00 998.37069204 0.83051903 0.00000000 0.00000000
B-6 1,955,848.07 998.37069655 0.83052463 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination, except Class A-21, Class A-R, Class A-PO and Class A-LR, which ar
</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 1.03662274 996.58433871 0.99658434 1.03662274
A-1 0.00000000 7.41321189 980.09566258 0.98009566 7.41321189
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 3.71088822 989.84508343 0.98984508 3.71088822
A-5 0.00000000 69.81292308 832.02583516 0.83202584 69.81292308
A-6 0.00000000 13.40838497 809.95917303 0.80995917 13.40838497
A-7 0.00000000 13.40838495 809.95917255 0.80995917 13.40838495
A-8 0.00000000 -5.47550619 1,016.33817966 1.01633818 -5.47550619
A-9 0.00000000 0.83073562 997.54186453 0.99754186 0.83073562
A-10 0.00000000 4.56283234 988.40757043 0.98840757 4.56283234
A-11 0.00000000 -5.68845869 1,016.97010019 1.01697010 -5.68845869
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 48.27908841 315.00467045 0.31500467 48.27908841
A-15 0.00000000 48.27908987 315.00467159 0.31500467 48.27908987
A-16 0.00000000 5.45143082 983.74269829 0.98374270 5.45143082
A-17 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-18 0.00000000 8.80159947 973.82450693 0.97382451 8.80159947
A-19 0.00000000 -5.68845907 1,016.97009984 1.01697010 -5.68845907
A-20 0.00000000 4.74962239 970.42867795 0.97042868 4.74962239
A-21 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-22 0.00000000 0.83038500 997.53913129 0.99753913 0.83038500
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 0.83052233 997.54017306 0.99754017 0.83052233
B-2 0.00000000 0.83052260 997.54017308 0.99754017 0.83052260
B-3 0.00000000 0.83052101 997.54017479 0.99754017 0.83052101
B-4 0.00000000 0.83052157 997.54017255 0.99754017 0.83052157
B-5 0.00000000 0.83051903 997.54017301 0.99754017 0.83051903
B-6 0.00000000 0.83052463 997.54017192 0.99754017 0.83052463
<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 1,328,709.03 0.00000% 1,325,547.98 0.00 0.00 0.00
A-1 71,229,000.00 6.00000% 70,339,269.62 351,696.35 0.00 0.00
A-2 53,772,000.00 6.00000% 53,772,000.00 268,860.00 0.00 0.00
A-3 2,831,000.00 6.00000% 2,831,000.00 14,155.00 0.00 0.00
A-4 103,499,000.00 6.00000% 102,832,049.51 514,160.25 0.00 0.00
A-5 4,550,000.00 6.50000% 4,103,366.35 22,226.57 0.00 0.00
A-6 25,165,473.00 6.03000% 20,720,434.05 104,120.18 0.00 0.00
A-7 9,679,027.00 7.72200% 7,969,396.83 51,283.07 0.00 0.00
A-8 40,064,000.00 1.39907% 270,273,521.29 315,109.98 0.00 0.00
A-9 686,500.00 6.50000% 685,382.78 3,712.49 0.00 0.00
A-10 335,500,000.00 6.75000% 333,141,570.13 1,873,921.33 0.00 0.00
A-11 7,286,000.00 6.75000% 7,368,198.03 41,446.11 0.00 0.00
A-12 24,073,000.00 7.00000% 24,073,000.00 140,425.83 0.00 0.00
A-13 1,106,000.00 0.00000% 1,106,000.00 0.00 0.00 0.00
A-14 11,943,176.00 6.18000% 4,338,761.88 22,344.62 0.00 0.00
A-15 3,096,379.00 8.94857% 1,124,864.20 8,388.27 0.00 0.00
A-16 15,243,000.00 6.62500% 15,078,286.11 83,244.70 0.00 0.00
A-17 37,144,000.00 6.75000% 37,144,000.00 208,935.00 0.00 0.00
A-18 19,196,370.00 6.75000% 18,862,854.31 106,103.56 0.00 0.00
A-19 29,547,000.00 6.75000% 29,880,338.64 168,076.90 0.00 0.00
A-20 18,620,575.00 0.00000% 18,158,380.69 0.00 0.00 0.00
A-21 0.00 6.50000% 289,967.04 1,570.65 0.00 0.00
A-22 506,500.00 6.50000% 505,674.16 2,739.07 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 19,126,000.00 6.50000% 19,094,837.92 103,430.37 0.00 0.00
B-2 5,951,000.00 6.50000% 5,941,304.01 32,182.06 0.00 0.00
B-3 2,975,000.00 6.50000% 2,970,152.82 16,088.33 0.00 0.00
B-4 2,550,000.00 6.50000% 2,545,845.27 13,790.00 0.00 0.00
B-5 1,445,000.00 6.50000% 1,442,645.65 7,814.33 0.00 0.00
B-6 1,955,848.07 6.50000% 1,952,661.40 10,576.92 0.00 0.00
Totals 850,069,757.10 4,486,401.94 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 1,324,170.61
A-1 0.00 0.00 351,696.35 0.00 69,811,233.95
A-2 0.00 0.00 268,860.00 0.00 53,772,000.00
A-3 0.00 0.00 14,155.00 0.00 2,831,000.00
A-4 0.00 0.00 514,160.25 0.00 102,447,976.29
A-5 0.00 0.00 22,226.57 0.00 3,785,717.55
A-6 0.00 0.00 104,120.18 0.00 20,383,005.70
A-7 0.00 0.00 51,283.07 0.00 7,839,616.70
A-8 0.00 0.00 315,109.98 0.00 269,580,783.08
A-9 0.00 0.00 3,712.49 0.00 684,812.49
A-10 0.00 0.00 1,873,921.33 0.00 331,610,739.88
A-11 0.00 0.00 41,446.11 0.00 7,409,644.15
A-12 0.00 0.00 140,425.83 0.00 24,073,000.00
A-13 0.00 0.00 0.00 0.00 1,106,000.00
A-14 0.00 0.00 22,344.62 0.00 3,762,156.22
A-15 0.00 0.00 8,388.27 0.00 975,373.85
A-16 0.00 0.00 83,244.70 0.00 14,995,189.95
A-17 0.00 0.00 208,935.00 0.00 37,144,000.00
A-18 0.00 0.00 106,103.56 0.00 18,693,895.55
A-19 0.00 0.00 168,076.90 0.00 30,048,415.54
A-20 0.00 0.00 0.00 0.00 18,069,939.98
A-21 0.00 0.00 1,570.65 0.00 288,369.04
A-22 0.00 0.00 2,739.07 0.00 505,253.57
A-R 0.00 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 97.88 0.00 0.00
B-1 0.00 0.00 103,430.37 0.00 19,078,953.35
B-2 0.00 0.00 32,182.06 0.00 5,936,361.57
B-3 0.00 0.00 16,088.33 0.00 2,967,682.02
B-4 0.00 0.00 13,790.00 0.00 2,543,727.44
B-5 0.00 0.00 7,814.33 0.00 1,441,445.55
B-6 0.00 0.00 10,576.92 0.00 1,951,037.02
Totals 0.00 0.00 4,486,499.82 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 1,328,709.03 0.00000% 997.62096145 0.00000000 0.00000000 0.00000000
A-1 71,229,000.00 6.00000% 987.50887448 4.93754440 0.00000000 0.00000000
A-2 53,772,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-3 2,831,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-4 103,499,000.00 6.00000% 993.55597165 4.96777988 0.00000000 0.00000000
A-5 4,550,000.00 6.50000% 901.83875824 4.88496044 0.00000000 0.00000000
A-6 25,165,473.00 6.03000% 823.36755800 4.13742194 0.00000000 0.00000000
A-7 9,679,027.00 7.72200% 823.36755854 5.29837038 0.00000000 0.00000000
A-8 40,064,000.00 1.39907% 6746.04436127 7.86516524 0.00000000 0.00000000
A-9 686,500.00 6.50000% 998.37258558 5.40785142 0.00000000 0.00000000
A-10 335,500,000.00 6.75000% 992.97040277 5.58545851 0.00000000 0.00000000
A-11 7,286,000.00 6.75000% 1011.28164013 5.68845869 0.00000000 0.00000000
A-12 24,073,000.00 7.00000% 1000.00000000 5.83333319 0.00000000 0.00000000
A-13 1,106,000.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-14 11,943,176.00 6.18000% 363.28375970 1.87091105 0.00000000 0.00000000
A-15 3,096,379.00 8.94857% 363.28375822 2.70905790 0.00000000 0.00000000
A-16 15,243,000.00 6.62500% 989.19412911 5.46117562 0.00000000 0.00000000
A-17 37,144,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
A-18 19,196,370.00 6.75000% 982.62610639 5.52727208 0.00000000 0.00000000
A-19 29,547,000.00 6.75000% 1011.28164078 5.68845907 0.00000000 0.00000000
A-20 18,620,575.00 0.00000% 975.17830088 0.00000000 0.00000000 0.00000000
A-21 0.00 6.50000% 989.19411157 5.35811840 0.00000000 0.00000000
A-22 506,500.00 6.50000% 998.36951629 5.40783810 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 19,126,000.00 6.50000% 998.37069539 5.40784116 0.00000000 0.00000000
B-2 5,951,000.00 6.50000% 998.37069568 5.40784070 0.00000000 0.00000000
B-3 2,975,000.00 6.50000% 998.37069580 5.40784202 0.00000000 0.00000000
B-4 2,550,000.00 6.50000% 998.37069412 5.40784314 0.00000000 0.00000000
B-5 1,445,000.00 6.50000% 998.37069204 5.40784083 0.00000000 0.00000000
B-6 1,955,848.07 6.50000% 998.37069655 5.40784336 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination, except Class A-21, Class A-R, Class A-PO 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 996.58433871
A-1 0.00000000 0.00000000 4.93754440 0.00000000 980.09566258
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 4.96777988 0.00000000 989.84508343
A-5 0.00000000 0.00000000 4.88496044 0.00000000 832.02583516
A-6 0.00000000 0.00000000 4.13742194 0.00000000 809.95917303
A-7 0.00000000 0.00000000 5.29837038 0.00000000 809.95917255
A-8 0.00000000 0.00000000 7.86516524 0.00000000 6728.75357129
A-9 0.00000000 0.00000000 5.40785142 0.00000000 997.54186453
A-10 0.00000000 0.00000000 5.58545851 0.00000000 988.40757043
A-11 0.00000000 0.00000000 5.68845869 0.00000000 1016.97010019
A-12 0.00000000 0.00000000 5.83333319 0.00000000 1000.00000000
A-13 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
A-14 0.00000000 0.00000000 1.87091105 0.00000000 315.00467045
A-15 0.00000000 0.00000000 2.70905790 0.00000000 315.00467159
A-16 0.00000000 0.00000000 5.46117562 0.00000000 983.74269829
A-17 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-18 0.00000000 0.00000000 5.52727208 0.00000000 973.82450693
A-19 0.00000000 0.00000000 5.68845907 0.00000000 1016.97009984
A-20 0.00000000 0.00000000 0.00000000 0.00000000 970.42867795
A-21 0.00000000 0.00000000 5.35811840 0.00000000 983.74269133
A-22 0.00000000 0.00000000 5.40783810 0.00000000 997.53913129
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 978.80000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.40784116 0.00000000 997.54017306
B-2 0.00000000 0.00000000 5.40784070 0.00000000 997.54017308
B-3 0.00000000 0.00000000 5.40784202 0.00000000 997.54017479
B-4 0.00000000 0.00000000 5.40784314 0.00000000 997.54017255
B-5 0.00000000 0.00000000 5.40784083 0.00000000 997.54017301
B-6 0.00000000 0.00000000 5.40784336 0.00000000 997.54017192
<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-8 COMP 0.50000% 70,339,269.62 69,811,233.95 0.00 0.00 98.00956626%
A-8 COMP 0.50000% 53,772,000.00 53,772,000.00 0.00 0.00 100.00000000%
A-8 COMP 0.50000% 2,831,000.00 2,831,000.00 0.00 0.00 100.00000000%
A-8 COMP 0.50000% 102,832,049.51 102,447,976.29 0.00 0.00 98.98450834%
A-8 COMP 6.50000% 0.00 0.00 40,499,202.16 40,718,572.83 101.63381797%
A-20 COMP 0.00000% 0.00 0.00 14,275,092.65 14,189,881.87 96.32703041%
A-20 COMP 0.00000% 0.00 0.00 3,883,288.04 3,880,058.12 99.75391284%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 79,136.24
Deposits
Payments of Interest and Principal 8,597,066.36
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 8,597,066.36
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 182,673.34
Payment of Interest and Principal 8,383,806.21
Total Withdrawals (Pool Distribution Amount) 8,566,479.55
Ending Balance 109,723.04
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,958.26
Servicing Fee Support 1,958.26
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 172,876.04
Master Servicing Fee 11,755.57
Supported Prepayment/Curtailment Interest Shortfall 1,958.26
Net Servicing Fee 182,673.35
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Financial Guaranty 0.00 0.00 1,203.65 0.00
Reserve Fund 2,500.00 0.00 0.00 2,500.00
Reserve Fund 999.99 0.00 0.00 999.99
</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 8 3,472,830.62 0.343348% 0.420485%
60 Days 1 219,663.94 0.042918% 0.026597%
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 9 3,692,494.56 0.386266% 0.447081%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 602.91
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 769,777.84
</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 34,002,848.07 4.00000680% 33,919,206.95 4.10688442% 95.788583% 0.000000%
Class B-1 14,876,848.07 1.75007380% 14,840,253.60 1.79683465% 2.368847% 56.248229%
Class B-2 8,925,848.07 1.05001360% 8,903,892.03 1.07806929% 0.737060% 17.501475%
Class B-3 5,950,848.07 0.70004232% 5,936,210.01 0.71874700% 0.368468% 8.749267%
Class B-4 3,400,848.07 0.40006694% 3,392,482.57 0.41075647% 0.315830% 7.499372%
Class B-5 1,955,848.07 0.23008089% 1,951,037.02 0.23622850% 0.178970% 4.249644%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.242241% 5.752012%
<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 231,877.38 0.02727745% 231,877.38 0.02807535%
Fraud 17,001,395.14 2.00000000% 17,001,395.14 2.05850228%
Special Hazard 8,500,697.57 1.00000000% 8,500,697.57 1.02925114%
<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 7.159286%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 354
Beginning Scheduled Collateral Loan Count 2,341
Number Of Loans Paid In Full 11
Ending Scheduled Collateral Loan Count 2,330
Beginning Scheduled Collateral Balance 829,807,024.50
Ending Scheduled Collateral Balance 825,910,921.77
Ending Actual Collateral Balance at 31-Aug-1999 135,863,121.80
Ending Scheduled Balance For Norwest 692,261,990.73
Ending Scheduled Balance For Other Services 133,648,931.04
Monthly P &I Constant 5,366,388.22
Class A Optimal Amount 8,078,993.83
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 750,710,045.24
Ending scheduled Balance For discounted Loans 75,200,876.53
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 749,988,874.56
Greater Than 80%, less than or equal to 85% 12,129,436.93
Greater than 85%, less than or equal to 95% 60,953,376.66
Greater than 95% 2,914,318.53
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group 30 Days 60 Days 90 + Days Foreclosure REO Bankruptcy
1 Principal Balance 3,472,830.62 219,663.94 0.00 0.00 0.00 0.00
Percentage Of Balanc 0.424% 0.027% 0.000% 0.000% 0.000% 0.000%
Loan Count 8 1 0 0 0 0
Percentage Of Loans 0.344% 0.043% 0.000% 0.000% 0.000% 0.000%
2 Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
Percentage Of Balanc 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 0 0 0 0 0 0
Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
3 Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
Percentage Of Balanc 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 0 0 0 0 0 0
Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Totals:Principal Balance 3,472,830.62 219,663.94 0.00 0.00 0.00 0.00
Percentage of Balanc 0.420% 0.027% 0.000% 0.000% 0.000% 0.000%
Loan Count 8 1 0 0 0 0
Percentage Of Loans 0.343% 0.043% 0.000% 0.000% 0.000% 0.000%
</TABLE>
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