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Previous: NOVUS HOME EQUITY LOAN TRUST ASSET BACKED NOTES SER 1999-1, 8-K, 2000-01-06 |
Next: ALTEON WEBSYSTEMS INC, S-1/A, 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 1999-18 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 December 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 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 1999-18 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 12/28/99
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 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: 1999-18
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 NMB9918PO PO 0.00000% 1,321,360.66 0.00 1,902.63
A-1 66937RXW4 SEQ 6.00000% 68,589,804.77 342,949.02 692,994.38
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% 101,579,233.01 507,896.17 484,299.89
A-5 66937RYA1 SEQ 6.50000% 3,365,365.75 18,229.06 767,464.47
A-6 66937RYB9 SEQ 6.26000% 20,383,005.70 106,331.35 0.00
A-7 66937RYC7 SEQ 7.12400% 7,839,616.70 46,541.19 0.00
A-8 66937RYD5 SEQ 1.42174% 41,160,885.40 317,443.14 -222,954.80
A-9 66937RYH6 SEQ 6.50000% 683,658.37 3,703.15 581.87
A-10 66937RYJ2 SEQ 6.75000% 328,478,559.32 1,847,691.90 2,635,700.78
A-11 66937RYK9 SEQ 6.75000% 7,493,237.09 42,149.46 -42,149.46
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 6.41000% 3,762,156.22 20,096.18 0.00
A-15 66937RYP8 SEQ 8.06143% 975,373.85 6,552.42 0.00
A-16 66937RYQ6 SEQ 6.62500% 14,827,504.91 81,860.18 84,594.71
A-17 66937RYR4 SEQ 6.75000% 37,144,000.00 208,935.00 0.00
A-18 66937RYS2 SEQ 6.75000% 18,352,288.78 103,231.62 172,211.64
A-19 66937RYT0 SEQ 6.75000% 30,387,410.97 170,929.19 -170,929.19
A-20 66937RYU7 PO 0.00000% 17,946,136.75 0.00 103,054.95
A-21 66937RYW3 PO 6.50000% 0.00 1,544.53 0.00
A-22 66937RYX1 SEQ 6.50000% 504,400.66 2,732.17 430.11
A-R 66937RZA0 R 6.50000% 0.00 0.00 0.00
A-LR 66937RZB8 R 6.50000% 0.00 0.00 0.00
B-1 66937RZC6 SUB 6.50000% 19,046,766.73 103,169.99 16,229.69
B-2 66937RZD4 SUB 6.50000% 5,926,346.80 32,101.05 5,049.82
B-3 66937RZE2 SUB 6.50000% 2,962,675.47 16,047.83 2,524.49
B-4 66937RB57 SUB 6.50000% 2,539,436.12 13,755.28 2,163.85
B-5 66937RB65 SUB 6.50000% 1,439,013.80 7,794.66 1,226.18
B-6 66937RB73 SUB 6.50000% 1,947,745.58 10,550.29 1,622.23
Totals 820,437,983.41 4,435,675.66 4,536,018.24
</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 1,319,458.03 1,902.63 0.00
A-1 0.00 67,896,810.38 1,035,943.40 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 0.00 101,094,933.12 992,196.06 0.00
A-5 0.00 2,597,901.28 785,693.53 0.00
A-6 0.00 20,383,005.70 106,331.35 0.00
A-7 0.00 7,839,616.70 46,541.19 0.00
A-8 0.00 41,383,840.20 94,488.34 0.00
A-9 0.00 683,076.50 4,285.02 0.00
A-10 0.00 325,842,858.54 4,483,392.68 0.00
A-11 0.00 7,535,386.55 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 20,096.18 0.00
A-15 0.00 975,373.85 6,552.42 0.00
A-16 0.00 14,742,910.21 166,454.89 0.00
A-17 0.00 37,144,000.00 208,935.00 0.00
A-18 0.00 18,180,077.14 275,443.26 0.00
A-19 0.00 30,558,340.15 0.00 0.00
A-20 0.00 17,843,081.80 103,054.95 0.00
A-21 0.00 0.00 1,544.53 0.00
A-22 0.00 503,970.55 3,162.28 0.00
A-R 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 0.00 0.00
B-1 0.00 19,030,537.04 119,399.68 0.00
B-2 0.00 5,921,296.97 37,150.87 0.00
B-3 0.00 2,960,150.98 18,572.32 0.00
B-4 0.00 2,537,272.27 15,919.13 0.00
B-5 0.00 1,437,787.62 9,020.84 0.00
B-6 37.44 1,946,085.91 12,172.52 640.35
Totals 37.44 815,901,927.71 8,971,693.90 640.35
<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 1,321,360.66 1,265.81 636.82 0.00 0.00
A-1 71,229,000.00 68,589,804.77 102,602.79 590,391.59 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-4 103,499,000.00 101,579,233.01 71,704.08 412,595.82 0.00 0.00
A-5 4,550,000.00 3,365,365.75 116,327.57 669,365.97 -18,229.06 0.00
A-6 25,165,473.00 20,383,005.70 0.00 0.00 0.00 0.00
A-7 9,679,027.00 7,839,616.70 0.00 0.00 0.00 0.00
A-8 40,064,000.00 41,160,885.40 0.00 0.00 -222,954.80 0.00
A-9 686,500.00 683,658.37 581.87 0.00 0.00 0.00
A-10 335,500,000.00 328,478,559.32 317,066.01 2,318,634.77 0.00 0.00
A-11 7,286,000.00 7,493,237.09 0.00 0.00 -42,149.46 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 3,762,156.22 0.00 0.00 0.00 0.00
A-15 3,096,379.00 975,373.85 0.00 0.00 0.00 0.00
A-16 15,243,000.00 14,827,504.91 84,594.71 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 18,352,288.78 172,211.64 0.00 0.00 0.00
A-19 29,547,000.00 30,387,410.97 0.00 0.00 -170,929.19 0.00
A-20 18,620,575.00 17,946,136.75 15,302.80 87,752.15 0.00 0.00
A-21 0.00 0.00 0.00 0.00 0.00 0.00
A-22 506,500.00 504,400.66 430.11 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 19,046,766.73 16,229.69 0.00 0.00 0.00
B-2 5,951,000.00 5,926,346.80 5,049.82 0.00 0.00 0.00
B-3 2,975,000.00 2,962,675.47 2,524.49 0.00 0.00 0.00
B-4 2,550,000.00 2,539,436.12 2,163.85 0.00 0.00 0.00
B-5 1,445,000.00 1,439,013.80 1,226.18 0.00 0.00 0.00
B-6 1,955,848.07 1,947,745.58 1,622.23 0.00 0.00 37.44
Totals 850,069,757.10 820,437,983.41 910,903.65 4,079,377.12 (454,262.51) 37.44
<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 1,902.63 1,319,458.03 0.99303760 1,902.63
A-1 692,994.38 67,896,810.38 0.95321864 692,994.38
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-4 484,299.89 101,094,933.12 0.97677208 484,299.89
A-5 767,464.47 2,597,901.28 0.57096731 767,464.47
A-6 0.00 20,383,005.70 0.80995917 0.00
A-7 0.00 7,839,616.70 0.80995917 0.00
A-8 (222,954.80) 41,383,840.20 1.03294330 (222,954.80)
A-9 581.87 683,076.50 0.99501311 581.87
A-10 2,635,700.78 325,842,858.54 0.97121567 2,635,700.78
A-11 (42,149.46) 7,535,386.55 1.03422818 (42,149.46)
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 0.00 3,762,156.22 0.31500467 0.00
A-15 0.00 975,373.85 0.31500467 0.00
A-16 84,594.71 14,742,910.21 0.96719217 84,594.71
A-17 0.00 37,144,000.00 1.00000000 0.00
A-18 172,211.64 18,180,077.14 0.94705807 172,211.64
A-19 (170,929.19) 30,558,340.15 1.03422818 (170,929.19)
A-20 103,054.95 17,843,081.80 0.95824548 103,054.95
A-21 0.00 0.00 0.00000000 0.00
A-22 430.11 503,970.55 0.99500602 430.11
A-R 0.00 0.00 0.00000000 0.00
A-LR 0.00 0.00 0.00000000 0.00
B-1 16,229.69 19,030,537.04 0.99500873 16,229.69
B-2 5,049.82 5,921,296.97 0.99500873 5,049.82
B-3 2,524.49 2,960,150.98 0.99500873 2,524.49
B-4 2,163.85 2,537,272.27 0.99500873 2,163.85
B-5 1,226.18 1,437,787.62 0.99500873 1,226.18
B-6 1,659.67 1,946,085.91 0.99500873 1,622.23
Totals 4,536,055.68 815,901,927.71 0.95980585 4,536,018.24
</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 1,328,709.03 994.46954161 0.95266155 0.47927724 0.00000000
A-1 71,229,000.00 962.94774277 1.44046372 8.28864072 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-4 103,499,000.00 981.45134745 0.69279974 3.98647156 0.00000000
A-5 4,550,000.00 739.64082418 25.56649890 147.11340000 -4.00638681
A-6 25,165,473.00 809.95917303 0.00000000 0.00000000 0.00000000
A-7 9,679,027.00 809.95917255 0.00000000 0.00000000 0.00000000
A-8 40,064,000.00 1027.37832967 0.00000000 0.00000000 -5.56496605
A-9 686,500.00 995.86069920 0.84758922 0.00000000 0.00000000
A-10 335,500,000.00 979.07171183 0.94505517 6.91098292 0.00000000
A-11 7,286,000.00 1028.44319105 0.00000000 0.00000000 -5.78499314
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 11,943,176.00 315.00467045 0.00000000 0.00000000 0.00000000
A-15 3,096,379.00 315.00467159 0.00000000 0.00000000 0.00000000
A-16 15,243,000.00 972.74190842 5.54974152 0.00000000 0.00000000
A-17 37,144,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-18 19,196,370.00 956.02912321 8.97105234 0.00000000 0.00000000
A-19 29,547,000.00 1028.44319119 0.00000000 0.00000000 -5.78499306
A-20 18,620,575.00 963.77994503 0.82182210 4.71264448 0.00000000
A-21 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-22 506,500.00 995.85520237 0.84918065 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 19,126,000.00 995.85730053 0.84856687 0.00000000 0.00000000
B-2 5,951,000.00 995.85730129 0.84856663 0.00000000 0.00000000
B-3 2,975,000.00 995.85730084 0.84856807 0.00000000 0.00000000
B-4 2,550,000.00 995.85730196 0.84856863 0.00000000 0.00000000
B-5 1,445,000.00 995.85730104 0.84856747 0.00000000 0.00000000
B-6 1,955,848.07 995.85730092 0.82942537 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 1.43193879 993.03760282 0.99303760 1.43193879
A-1 0.00000000 9.72910444 953.21863820 0.95321864 9.72910444
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 4.67927120 976.77207625 0.97677208 4.67927120
A-5 0.00000000 168.67350989 570.96731429 0.57096731 168.67350989
A-6 0.00000000 0.00000000 809.95917303 0.80995917 0.00000000
A-7 0.00000000 0.00000000 809.95917255 0.80995917 0.00000000
A-8 0.00000000 -5.56496605 1,032.94329573 1.03294330 -5.56496605
A-9 0.00000000 0.84758922 995.01310998 0.99501311 0.84758922
A-10 0.00000000 7.85603809 971.21567374 0.97121567 7.85603809
A-11 0.00000000 -5.78499314 1,034.22818419 1.03422818 -5.78499314
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 315.00467045 0.31500467 0.00000000
A-15 0.00000000 0.00000000 315.00467159 0.31500467 0.00000000
A-16 0.00000000 5.54974152 967.19216755 0.96719217 5.54974152
A-17 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-18 0.00000000 8.97105234 947.05807087 0.94705807 8.97105234
A-19 0.00000000 -5.78499306 1,034.22818391 1.03422818 -5.78499306
A-20 0.00000000 5.53446658 958.24547846 0.95824548 5.53446658
A-21 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-22 0.00000000 0.84918065 995.00602172 0.99500602 0.84918065
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 0.84856687 995.00873366 0.99500873 0.84856687
B-2 0.00000000 0.84856663 995.00873299 0.99500873 0.84856663
B-3 0.00000000 0.84856807 995.00873277 0.99500873 0.84856807
B-4 0.00000000 0.84856863 995.00873333 0.99500873 0.84856863
B-5 0.00000000 0.84856747 995.00873356 0.99500873 0.84856747
B-6 0.01914259 0.84856796 995.00873296 0.99500873 0.82942537
<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% 1,321,360.66 0.00 0.00 0.00
A-1 71,229,000.00 6.00000% 68,589,804.77 342,949.02 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% 101,579,233.01 507,896.17 0.00 0.00
A-5 4,550,000.00 6.50000% 3,365,365.75 18,229.06 0.00 0.00
A-6 25,165,473.00 6.26000% 20,383,005.70 106,331.35 0.00 0.00
A-7 9,679,027.00 7.12400% 7,839,616.70 46,541.19 0.00 0.00
A-8 40,064,000.00 1.42174% 267,932,923.18 317,443.14 0.00 0.00
A-9 686,500.00 6.50000% 683,658.37 3,703.15 0.00 0.00
A-10 335,500,000.00 6.75000% 328,478,559.32 1,847,691.90 0.00 0.00
A-11 7,286,000.00 6.75000% 7,493,237.09 42,149.46 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 6.41000% 3,762,156.22 20,096.18 0.00 0.00
A-15 3,096,379.00 8.06143% 975,373.85 6,552.42 0.00 0.00
A-16 15,243,000.00 6.62500% 14,827,504.91 81,860.18 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% 18,352,288.78 103,231.62 0.00 0.00
A-19 29,547,000.00 6.75000% 30,387,410.97 170,929.19 0.00 0.00
A-20 18,620,575.00 0.00000% 17,946,136.75 0.00 0.00 0.00
A-21 0.00 6.50000% 285,144.33 1,544.53 0.00 0.00
A-22 506,500.00 6.50000% 504,400.66 2,732.17 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% 19,046,766.73 103,169.99 0.00 0.00
B-2 5,951,000.00 6.50000% 5,926,346.80 32,101.05 0.00 0.00
B-3 2,975,000.00 6.50000% 2,962,675.47 16,047.83 0.00 0.00
B-4 2,550,000.00 6.50000% 2,539,436.12 13,755.28 0.00 0.00
B-5 1,445,000.00 6.50000% 1,439,013.80 7,794.66 0.00 0.00
B-6 1,955,848.07 6.50000% 1,947,745.58 10,550.29 0.00 0.00
Totals 850,069,757.10 4,435,675.66 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 1,319,458.03
A-1 0.00 0.00 342,949.02 0.00 67,896,810.38
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 0.00 507,896.17 0.00 101,094,933.12
A-5 0.00 0.00 18,229.06 0.00 2,597,901.28
A-6 0.00 0.00 106,331.35 0.00 20,383,005.70
A-7 0.00 0.00 46,541.19 0.00 7,839,616.70
A-8 0.00 0.00 317,443.14 0.00 266,978,583.70
A-9 0.00 0.00 3,703.15 0.00 683,076.50
A-10 0.00 0.00 1,847,691.90 0.00 325,842,858.54
A-11 0.00 0.00 42,149.46 0.00 7,535,386.55
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 20,096.18 0.00 3,762,156.22
A-15 0.00 0.00 6,552.42 0.00 975,373.85
A-16 0.00 0.00 81,860.18 0.00 14,742,910.21
A-17 0.00 0.00 208,935.00 0.00 37,144,000.00
A-18 0.00 0.00 103,231.62 0.00 18,180,077.14
A-19 0.00 0.00 170,929.19 0.00 30,558,340.15
A-20 0.00 0.00 0.00 0.00 17,843,081.80
A-21 0.00 0.00 1,544.53 0.00 283,517.50
A-22 0.00 0.00 2,732.17 0.00 503,970.55
A-R 0.00 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 103,169.99 0.00 19,030,537.04
B-2 0.00 0.00 32,101.05 0.00 5,921,296.97
B-3 0.00 0.00 16,047.83 0.00 2,960,150.98
B-4 0.00 0.00 13,755.28 0.00 2,537,272.27
B-5 0.00 0.00 7,794.66 0.00 1,437,787.62
B-6 0.00 0.00 10,550.29 0.00 1,946,085.91
Totals 0.00 0.00 4,435,675.66 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% 994.46954161 0.00000000 0.00000000 0.00000000
A-1 71,229,000.00 6.00000% 962.94774277 4.81473866 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% 981.45134745 4.90725679 0.00000000 0.00000000
A-5 4,550,000.00 6.50000% 739.64082418 4.00638681 0.00000000 0.00000000
A-6 25,165,473.00 6.26000% 809.95917303 4.22528716 0.00000000 0.00000000
A-7 9,679,027.00 7.12400% 809.95917255 4.80845750 0.00000000 0.00000000
A-8 40,064,000.00 1.42174% 6687.62288289 7.92340106 0.00000000 0.00000000
A-9 686,500.00 6.50000% 995.86069920 5.39424618 0.00000000 0.00000000
A-10 335,500,000.00 6.75000% 979.07171183 5.50727839 0.00000000 0.00000000
A-11 7,286,000.00 6.75000% 1028.44319105 5.78499314 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 6.41000% 315.00467045 1.68264957 0.00000000 0.00000000
A-15 3,096,379.00 8.06143% 315.00467159 2.11615568 0.00000000 0.00000000
A-16 15,243,000.00 6.62500% 972.74190842 5.37034573 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% 956.02912321 5.37766359 0.00000000 0.00000000
A-19 29,547,000.00 6.75000% 1028.44319119 5.78499306 0.00000000 0.00000000
A-20 18,620,575.00 0.00000% 963.77994503 0.00000000 0.00000000 0.00000000
A-21 0.00 6.50000% 972.74190950 5.26901258 0.00000000 0.00000000
A-22 506,500.00 6.50000% 995.85520237 5.39421520 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% 995.85730053 5.39422723 0.00000000 0.00000000
B-2 5,951,000.00 6.50000% 995.85730129 5.39422786 0.00000000 0.00000000
B-3 2,975,000.00 6.50000% 995.85730084 5.39422857 0.00000000 0.00000000
B-4 2,550,000.00 6.50000% 995.85730196 5.39422745 0.00000000 0.00000000
B-5 1,445,000.00 6.50000% 995.85730104 5.39422837 0.00000000 0.00000000
B-6 1,955,848.07 6.50000% 995.85730092 5.39422778 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 993.03760282
A-1 0.00000000 0.00000000 4.81473866 0.00000000 953.21863820
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 4.90725679 0.00000000 976.77207625
A-5 0.00000000 0.00000000 4.00638681 0.00000000 570.96731429
A-6 0.00000000 0.00000000 4.22528716 0.00000000 809.95917303
A-7 0.00000000 0.00000000 4.80845750 0.00000000 809.95917255
A-8 0.00000000 0.00000000 7.92340106 0.00000000 6663.80250849
A-9 0.00000000 0.00000000 5.39424618 0.00000000 995.01310998
A-10 0.00000000 0.00000000 5.50727839 0.00000000 971.21567374
A-11 0.00000000 0.00000000 5.78499314 0.00000000 1034.22818419
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 1.68264957 0.00000000 315.00467045
A-15 0.00000000 0.00000000 2.11615568 0.00000000 315.00467159
A-16 0.00000000 0.00000000 5.37034573 0.00000000 967.19216755
A-17 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
A-18 0.00000000 0.00000000 5.37766359 0.00000000 947.05807087
A-19 0.00000000 0.00000000 5.78499306 0.00000000 1034.22818391
A-20 0.00000000 0.00000000 0.00000000 0.00000000 958.24547846
A-21 0.00000000 0.00000000 5.26901258 0.00000000 967.19213855
A-22 0.00000000 0.00000000 5.39421520 0.00000000 995.00602172
A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.39422723 0.00000000 995.00873366
B-2 0.00000000 0.00000000 5.39422786 0.00000000 995.00873299
B-3 0.00000000 0.00000000 5.39422857 0.00000000 995.00873277
B-4 0.00000000 0.00000000 5.39422745 0.00000000 995.00873333
B-5 0.00000000 0.00000000 5.39422837 0.00000000 995.00873356
B-6 0.00000000 0.00000000 5.39422778 0.00000000 995.00873296
<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-8 COMP 0.50000% 68,589,804.77 67,896,810.38 0.00 0.00 95.32186382%
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% 101,579,233.01 101,094,933.12 0.00 0.00 97.67720763%
A-8 COMP 6.50000% 0.00 0.00 41,160,885.40 41,383,840.20 103.29432957%
A-20 COMP 0.00000% 0.00 0.00 14,072,628.49 13,972,876.51 94.85390455%
A-20 COMP 0.00000% 0.00 0.00 3,873,508.25 3,870,205.29 99.50060263%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 36,250.15
Deposits
Payments of Interest and Principal 9,212,418.62
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 9,212,418.62
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 181,348.77
Payment of Interest and Principal 8,972,897.54
Total Withdrawals (Pool Distribution Amount) 9,154,246.31
Ending Balance 94,422.42
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,197.60
Servicing Fee Support 1,197.60
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 170,923.57
Master Servicing Fee 11,622.80
Supported Prepayment/Curtailment Interest Shortfall 1,197.60
Net Servicing Fee 181,348.78
</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 4 1,342,090.67 0.173235% 0.164492%
60 Days 1 249,439.89 0.043309% 0.030572%
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 5 1,591,530.56 0.216544% 0.195064%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 37.44
Cumulative Realized Losses - Includes Interest Shortfall 640.35
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 843,221.95
</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% 33,833,130.79 4.14671539% 95.747648% 0.000000%
Class B-1 14,876,848.07 1.75007380% 14,802,593.75 1.81426140% 2.391873% 56.248229%
Class B-2 8,925,848.07 1.05001360% 8,881,296.78 1.08852504% 0.744224% 17.501475%
Class B-3 5,950,848.07 0.70004232% 5,921,145.80 0.72571783% 0.372050% 8.749267%
Class B-4 3,400,848.07 0.40006694% 3,383,873.53 0.41474023% 0.318900% 7.499372%
Class B-5 1,955,848.07 0.23008089% 1,946,085.91 0.23851959% 0.180710% 4.249644%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.244596% 5.752012%
<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 231,877.38 0.02727745% 231,877.38 0.02841976%
Fraud 17,001,395.14 2.00000000% 17,001,395.14 2.08375475%
Special Hazard 8,500,697.57 1.00000000% 8,500,697.57 1.04187737%
<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 7.156214%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation ) 351
Beginning Scheduled Collateral Loan Count 2,318
Number Of Loans Paid In Full 9
Ending Scheduled Collateral Loan Count 2,309
Beginning Scheduled Collateral Balance 820,437,983.40
Ending Scheduled Collateral Balance 815,901,927.73
Ending Actual Collateral Balance at 30-Nov-1999 818,365,045.96
Ending Scheduled Balance For Norwest 684,864,444.62
Ending Scheduled Balance For Other Services 131,037,483.11
Monthly P &I Constant 5,322,169.04
Class A Optimal Amount 8,652,956.45
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 741,134,554.50
Ending scheduled Balance For discounted Loans 74,767,373.23
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 740,524,590.27
Greater Than 80%, less than or equal to 85% 12,095,832.32
Greater than 85%, less than or equal to 95% 60,457,254.86
Greater than 95% 2,905,331.53
</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 1,342,090.67 249,439.89 0.00 0.00 0.00 0.00
Percentage Of Balance 0.166% 0.031% 0.000% 0.000% 0.000% 0.000%
Loan Count 4 1 0 0 0 0
Percentage Of Loans 0.174% 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 Balance 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 Balance 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 1,342,090.67 249,439.89 0.00 0.00 0.00 0.00
Percentage of Balance 0.164% 0.031% 0.000% 0.000% 0.000% 0.000%
Loan Count 4 1 0 0 0 0
Percentage Of Loans 0.173% 0.043% 0.000% 0.000% 0.000% 0.000%
</TABLE>
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