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Previous: BANK OF AMERICA MORT SEC INC MORT PASS THR CERT SER 1999-9, 8-K, 1999-11-05 |
Next: SONICWALL INC, S-1/A, 1999-11-05 |
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): October 25, 1999
NORWEST INTEGRATED STRUCTURED ASSETS, INC.
Mortgage Pass-Through Certificates, Series 1999-2 Trust
New York (governing law of 333-17801-05 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, MD (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 October 25, 1999 a distribution was made to holders of NORWEST INTEGRATED
STRUCTURED ASSETS, INC., Mortgage Pass-Through Certificates, Series 1999-2
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
1999-2 Trust, relating to the October 25,
1999 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST INTEGRATED STRUCTURED ASSETS, INC.
Mortgage Pass-Through Certificates, Series 1999-2 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri Sharps, Vice President
By: Sherri Sharps, Vice President
Date: 11/3/99
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1999-2 Trust, relating to the October 25,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Integrated Structured Assets, inc.
Mortgage Pass-Through Certificates
Record Date: 9/30/99
Distribution Date: 10/25/99
NISTAR Series: 1999-2
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>
I-A-1 66938DCP2 SEQ 5.78250% 36,450,052.65 175,643.69 264,596.89
I-A-2 66938DCQ0 SEQ 11.26125% 10,414,301.89 97,731.71 75,599.12
I-A-3 66938DCR8 SEQ 7.00000% 3,218,666.67 18,775.56 -18,775.56
I-A-4 66938DCS6 SEQ 7.00000% 5,616,000.00 32,760.00 0.00
I-A-5 66938DCY3 SEQ 7.00000% 4,400,574.14 25,670.02 31,944.49
I-AR 66938DCT4 R 7.00000% 0.00 86.81 0.00
I-A-PO NIS992PO1 PO 0.00000% 410,123.52 0.00 766.50
II-A-1 66938DCU1 SEQ 7.00000% 123,942,418.99 722,997.44 937,639.79
II-A-PO NIS992PO2 PO 0.00000% 604,741.11 0.00 2,281.62
B-1 66938DCV9 SUB 7.00000% 6,800,012.36 39,666.74 7,027.77
B-2 66938DCW7 SUB 7.00000% 2,700,004.50 15,750.03 2,790.44
B-3 66938DCX5 SUB 7.00000% 2,000,004.81 11,666.69 2,066.99
B-4 66938DCZ0 SUB 7.00000% 1,100,001.65 6,416.68 1,136.85
B-5 66938DDA4 SUB 7.00000% 500,001.20 2,916.67 516.75
B-6 66938DDB2 SUB 7.00000% 900,002.65 5,250.02 930.15
Totals 199,056,906.14 1,155,332.06 1,308,521.80
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
I-A-1 0.00 36,185,455.76 440,240.58 0.00
I-A-2 0.00 10,338,702.77 173,330.83 0.00
I-A-3 0.00 3,237,442.22 0.00 0.00
I-A-4 0.00 5,616,000.00 32,760.00 0.00
I-A-5 0.00 4,368,629.65 57,614.51 0.00
I-AR 0.00 0.00 86.81 0.00
I-A-PO 0.00 409,357.02 766.50 0.00
II-A-1 0.00 123,004,779.20 1,660,637.23 0.00
II-A-PO 0.00 602,459.49 2,281.62 0.00
B-1 0.00 6,792,984.59 46,694.51 0.00
B-2 0.00 2,697,214.06 18,540.47 0.00
B-3 0.00 1,997,937.82 13,733.68 0.00
B-4 0.00 1,098,864.80 7,553.53 0.00
B-5 0.00 499,484.45 3,433.42 0.00
B-6 0.00 899,072.51 6,180.17 153.70
Totals 0.00 197,748,384.34 2,463,853.86 153.70
<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>
I-A-1 36,717,999.00 36,450,052.65 44,854.53 219,742.36 0.00 0.00
I-A-2 10,490,858.00 10,414,301.89 12,815.58 62,783.54 0.00 0.00
I-A-3 3,200,000.00 3,218,666.67 0.00 0.00 -18,775.56 0.00
I-A-4 5,616,000.00 5,616,000.00 0.00 0.00 0.00 0.00
I-A-5 4,432,923.00 4,400,574.14 5,415.24 26,529.25 0.00 0.00
I-A-PO 410,956.37 410,123.52 758.05 8.45 0.00 0.00
II-A-1 124,715,965.00 123,942,418.99 130,307.57 807,332.22 0.00 0.00
II-A-PO 606,679.66 604,741.11 1,286.69 994.93 0.00 0.00
B-1 6,807,000.00 6,800,012.36 7,027.77 0.00 0.00 0.00
B-2 2,702,779.00 2,700,004.50 2,790.44 0.00 0.00 0.00
B-3 2,002,060.00 2,000,004.81 2,066.99 0.00 0.00 0.00
B-4 1,101,132.00 1,100,001.65 1,136.85 0.00 0.00 0.00
B-5 500,515.00 500,001.20 516.75 0.00 0.00 0.00
B-6 900,927.49 900,002.65 930.15 0.00 0.00 0.00
Totals 200,205,794.52 199,056,906.14 209,906.61 1,117,390.75 (18,775.56) 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>
I-A-1 264,596.89 36,185,455.76 0.98549640 264,596.89
I-A-2 75,599.12 10,338,702.77 0.98549640 75,599.12
I-A-3 (18,775.56) 3,237,442.22 1.01170069 (18,775.56)
I-A-4 0.00 5,616,000.00 1.00000000 0.00
I-A-5 31,944.49 4,368,629.65 0.98549640 31,944.49
I-A-PO 766.50 409,357.02 0.99610822 766.50
II-A-1 937,639.79 123,004,779.20 0.98627934 937,639.79
II-A-PO 2,281.62 602,459.49 0.99304382 2,281.62
B-1 7,027.77 6,792,984.59 0.99794103 7,027.77
B-2 2,790.44 2,697,214.06 0.99794103 2,790.44
B-3 2,066.99 1,997,937.82 0.99794103 2,066.99
B-4 1,136.85 1,098,864.80 0.99794103 1,136.85
B-5 516.75 499,484.45 0.99794102 516.75
B-6 930.15 899,072.51 0.99794103 930.15
Totals 1,308,521.80 197,748,384.34 0.98772558 1,308,521.80
</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>
I-A-1 36,717,999.00 992.70258845 1.22159516 5.98459518 0.00000000
I-A-2 10,490,858.00 992.70258829 1.22159503 5.98459535 0.00000000
I-A-3 3,200,000.00 1005.83333437 0.00000000 0.00000000 -5.86736250
I-A-4 5,616,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
I-A-5 4,432,923.00 992.70258924 1.22159577 5.98459527 0.00000000
I-AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
I-A-PO 410,956.37 997.97338584 1.84459971 0.02056179 0.00000000
II-A-1 124,715,965.00 993.79753819 1.04483472 6.47336706 0.00000000
II-A-PO 606,679.66 996.80465635 2.12087216 1.63995938 0.00000000
B-1 6,807,000.00 998.97346261 1.03243279 0.00000000 0.00000000
B-2 2,702,779.00 998.97346398 1.03243365 0.00000000 0.00000000
B-3 2,002,060.00 998.97346233 1.03243160 0.00000000 0.00000000
B-4 1,101,132.00 998.97346549 1.03243753 0.00000000 0.00000000
B-5 500,515.00 998.97345734 1.03243659 0.00000000 0.00000000
B-6 900,927.49 998.97345790 1.03243603 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>
I-A-1 0.00000000 7.20619035 985.49639810 0.98549640 7.20619035
I-A-2 0.00000000 7.20619038 985.49639791 0.98549640 7.20619038
I-A-3 0.00000000 -5.86736250 1,011.70069375 1.01170069 -5.86736250
I-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
I-A-5 0.00000000 7.20619104 985.49639820 0.98549640 7.20619104
I-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
I-A-PO 0.00000000 1.86516150 996.10822434 0.99610822 1.86516150
II-A-1 0.00000000 7.51820178 986.27933641 0.98627934 7.51820178
II-A-PO 0.00000000 3.76083154 993.04382481 0.99304382 3.76083154
B-1 0.00000000 1.03243279 997.94102982 0.99794103 1.03243279
B-2 0.00000000 1.03243365 997.94103032 0.99794103 1.03243365
B-3 0.00000000 1.03243160 997.94103074 0.99794103 1.03243160
B-4 0.00000000 1.03243753 997.94102796 0.99794103 1.03243753
B-5 0.00000000 1.03243659 997.94102075 0.99794102 1.03243659
B-6 0.00000000 1.03243603 997.94103297 0.99794103 1.03243603
<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>
I-A-1 36,717,999.00 5.78250% 36,450,052.65 175,643.69 0.00 0.00
I-A-2 10,490,858.00 11.26125% 10,414,301.89 97,731.71 0.00 0.00
I-A-3 3,200,000.00 7.00000% 3,218,666.67 18,775.56 0.00 0.00
I-A-4 5,616,000.00 7.00000% 5,616,000.00 32,760.00 0.00 0.00
I-A-5 4,432,923.00 7.00000% 4,400,574.14 25,670.02 0.00 0.00
I-AR 100.00 7.00000% 0.00 0.00 0.00 0.00
I-A-PO 410,956.37 0.00000% 410,123.52 0.00 0.00 0.00
II-A-1 124,715,965.00 7.00000% 123,942,418.99 722,997.44 0.00 0.00
II-A-PO 606,679.66 0.00000% 604,741.11 0.00 0.00 0.00
B-1 6,807,000.00 7.00000% 6,800,012.36 39,666.74 0.00 0.00
B-2 2,702,779.00 7.00000% 2,700,004.50 15,750.03 0.00 0.00
B-3 2,002,060.00 7.00000% 2,000,004.81 11,666.69 0.00 0.00
B-4 1,101,132.00 7.00000% 1,100,001.65 6,416.68 0.00 0.00
B-5 500,515.00 7.00000% 500,001.20 2,916.67 0.00 0.00
B-6 900,927.49 7.00000% 900,002.65 5,250.02 0.00 0.00
Totals 200,205,894.52 1,155,245.25 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>
I-A-1 0.00 0.00 175,643.69 0.00 36,185,455.76
I-A-2 0.00 0.00 97,731.71 0.00 10,338,702.77
I-A-3 0.00 0.00 18,775.56 0.00 3,237,442.22
I-A-4 0.00 0.00 32,760.00 0.00 5,616,000.00
I-A-5 0.00 0.00 25,670.02 0.00 4,368,629.65
I-AR 0.00 0.00 86.81 0.00 0.00
I-A-PO 0.00 0.00 0.00 0.00 409,357.02
II-A-1 0.00 0.00 722,997.44 0.00 123,004,779.20
II-A-PO 0.00 0.00 0.00 0.00 602,459.49
B-1 0.00 0.00 39,666.74 0.00 6,792,984.59
B-2 0.00 0.00 15,750.03 0.00 2,697,214.06
B-3 0.00 0.00 11,666.69 0.00 1,997,937.82
B-4 0.00 0.00 6,416.68 0.00 1,098,864.80
B-5 0.00 0.00 2,916.67 0.00 499,484.45
B-6 0.00 0.00 5,250.02 0.00 899,072.51
Totals 0.00 0.00 1,155,332.06 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>
I-A-1 36,717,999.00 5.78250% 992.70258845 4.78358557 0.00000000 0.00000000
I-A-2 10,490,858.00 11.26125% 992.70258829 9.31589294 0.00000000 0.00000000
I-A-3 3,200,000.00 7.00000% 1005.83333437 5.86736250 0.00000000 0.00000000
I-A-4 5,616,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
I-A-5 4,432,923.00 7.00000% 992.70258924 5.79076605 0.00000000 0.00000000
I-AR 100.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
I-A-PO 410,956.37 0.00000% 997.97338584 0.00000000 0.00000000 0.00000000
II-A-1 124,715,965.00 7.00000% 993.79753819 5.79715227 0.00000000 0.00000000
II-A-PO 606,679.66 0.00000% 996.80465635 0.00000000 0.00000000 0.00000000
B-1 6,807,000.00 7.00000% 998.97346261 5.82734538 0.00000000 0.00000000
B-2 2,702,779.00 7.00000% 998.97346398 5.82734659 0.00000000 0.00000000
B-3 2,002,060.00 7.00000% 998.97346233 5.82734284 0.00000000 0.00000000
B-4 1,101,132.00 7.00000% 998.97346549 5.82734858 0.00000000 0.00000000
B-5 500,515.00 7.00000% 998.97345734 5.82733784 0.00000000 0.00000000
B-6 900,927.49 7.00000% 998.97345790 5.82735021 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>
I-A-1 0.00000000 0.00000000 4.78358557 0.00000000 985.49639810
I-A-2 0.00000000 0.00000000 9.31589294 0.00000000 985.49639791
I-A-3 0.00000000 0.00000000 5.86736250 0.00000000 1011.70069375
I-A-4 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000
I-A-5 0.00000000 0.00000000 5.79076605 0.00000000 985.49639820
I-AR 0.00000000 0.00000000 868.10000000 0.00000000 0.00000000
I-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 996.10822434
II-A-1 0.00000000 0.00000000 5.79715227 0.00000000 986.27933641
II-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 993.04382481
B-1 0.00000000 0.00000000 5.82734538 0.00000000 997.94102982
B-2 0.00000000 0.00000000 5.82734659 0.00000000 997.94103032
B-3 0.00000000 0.00000000 5.82734284 0.00000000 997.94103074
B-4 0.00000000 0.00000000 5.82734858 0.00000000 997.94102796
B-5 0.00000000 0.00000000 5.82733784 0.00000000 997.94102075
B-6 0.00000000 0.00000000 5.82735021 0.00000000 997.94103297
<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
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 27,577.22
Deposits
Payments of Interest and Principal 2,375,948.24
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 103,870.65
Realized Losses 0.00
Total Deposits 2,479,818.89
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 43,542.19
Payment of Interest and Principal 2,463,853.86
Total Withdrawals (Pool Distribution Amount) 2,507,396.05
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 747.90
Servicing Fee Support 747.90
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 41,470.13
Master Servicing Fee 2,819.97
Supported Prepayment/Curtailment Interest Shortfall 747.90
Net Servicing Fee 43,542.19
</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 7 674,944.12 0.469484% 0.341315%
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 7 674,944.12 0.469484% 0.341315%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 153.70
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 193,032.70
</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 I-A-1 163,076,939.15 81.45461428% 161,153,571.56 81.49425448% 18.392847% 0.000000%
Class I-A-2 152,586,081.15 76.21457975% 150,814,868.79 76.26604349% 5.255100% 0.000000%
Class I-A-3 149,386,081.15 74.61622522% 147,577,426.57 74.62889119% 1.645572% 0.000000%
Class I-A-4 143,770,081.15 71.81111300% 141,961,426.57 71.78891855% 2.854579% 0.000000%
Class I-A-5 139,337,158.15 69.59693094% 137,592,796.92 69.57973254% 2.220548% 0.000000%
Class II-A- 14,014,413.49 7.00000044% 13,985,558.23 7.07240076% 62.522581% 0.000000%
Class B-1 7,207,413.49 3.60000064% 7,192,573.64 3.63723510% 3.452833% 0.000000%
Class B-2 4,504,634.49 2.25000093% 4,495,359.58 2.27327247% 1.370977% 0.000000%
Class B-3 2,502,574.49 1.25000040% 2,497,421.76 1.26292903% 1.015540% 0.000000%
Class B-4 1,401,442.49 0.70000061% 1,398,556.96 0.70724065% 0.558546% 0.000000%
Class B-5 900,927.49 0.45000048% 899,072.51 0.45465479% 0.253885% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.456993% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
<S> <C> Original $<C> Original % Current $<C><C> Current %
Bankruptcy 81,968.21 0.04094196% 81,968.21 0.04145076%
Fraud 4,004,117.89 2.00000000% 4,004,117.89 2.02485492%
Special Hazard 2,002,058.95 1.00000000% 2,002,058.95 1.01242746%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.816839%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity(Stepdown Calculation ) 331
Beginning Scheduled Collateral Loan Count 1,501
Number Of Loans Paid In Full 10
Ending Scheduled Collateral Loan Count 1,491
Beginning Scheduled Collateral Balance 199,056,906.13
Ending Scheduled Collateral Balance 197,748,384.33
Ending Actual Collateral Balance at 30-Sep-1999 198,037,807.63
Ending Scheduled Balance For Norwest 192,781,241.49
Ending Scheduled Balance For Other Services 4,967,142.84
Monthly P &I Constant 1,407,394.24
Class A Optimal Amount 2,364,583.15
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 167,929,267.63
Ending scheduled Balance For discounted Loans 29,819,116.70
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 142,514,271.83
Greater Than 80%, less than or equal to 85% 6,412,602.45
Greater than 85%, less than or equal to 95% 40,384,631.38
Greater than 95% 8,459,994.94
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed Fixed Mixed Fixed
Weighted Average Coupon Rate 7.666370 7.889941
Weighted Average Net Rate 6.955915 6.969244
Weighted Average Maturity 336.00 329.00
Beginning Loan Count 181 1,320 1,501
Loans Paid In Full 1 9 10
Ending Loan Count 180 1,311 1,491
Beginning Scheduled Balance 65,086,719.98 133,970,186.15 199,056,906.13
Ending scheduled Balance 64,728,026.54 133,020,357.79 197,748,384.33
Record Date 9/30/99 9/30/99
Principal And Interest Constant 457,184.12 950,210.13 1,407,394.24
Scheduled Principal 65,222.56 141,501.21 206,723.77
Unscheduled Principal 293,470.88 808,327.15 1,101,798.03
Scheduled Interest 391,763.20 807,865.56 1,199,628.75
Servicing Fees 13,559.73 27,910.39 41,470.13
Master Servicing Fees 922.06 1,897.91 2,819.97
Trustee Fee 0.00 0.00 0.00
FRY Amount 24,052.55 72,979.79 97,032.34
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 353,228.85 705,077.47 1,058,306.32
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
</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 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%
2 Principal Balance 674,944.12 0.00 0.00 0.00 0.00 0.00
Percentage Of Balance 0.507% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 7 0 0 0 0 0
Percentage Of Loans 0.534% 0.000% 0.000% 0.000% 0.000% 0.000%
Totals:Principal Balance 674,944.12 0.00 0.00 0.00 0.00 0.00
Percentage of Balance 0.341% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 7 0 0 0 0 0
Percentage Of Loans 0.469% 0.000% 0.000% 0.000% 0.000% 0.000%
</TABLE>
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