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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): November 26, 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 November 26, 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 November 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 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: 12/01/99
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 November 26,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Integrated Structured Assets, inc.
Mortgage Pass-Through Certificates
Record Date: 10/31/99
Distribution Date: 11/26/99
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 5.80875% 36,185,455.76 175,160.22 60,671.52
I-A-2 66938DCQ0 SEQ 11.16938% 10,338,702.77 96,230.71 17,334.72
I-A-3 66938DCR8 SEQ 7.00000% 3,237,442.22 18,885.08 -18,885.08
I-A-4 66938DCS6 SEQ 7.00000% 5,616,000.00 32,760.00 0.00
I-A-5 66938DCY3 SEQ 7.00000% 4,368,629.65 25,483.67 7,324.80
I-AR 66938DCT4 R 7.00000% 0.00 0.00 0.00
I-A-PO NIS992PO1 PO 0.00000% 409,357.02 0.00 803.71
II-A-1 66938DCU1 SEQ 7.00000% 123,004,779.20 717,527.88 749,261.04
II-A-PO NIS992PO2 PO 0.00000% 602,459.49 0.00 2,716.13
B-1 66938DCV9 SUB 7.00000% 6,792,984.59 39,625.74 7,100.69
B-2 66938DCW7 SUB 7.00000% 2,697,214.06 15,733.75 2,819.39
B-3 66938DCX5 SUB 7.00000% 1,997,937.82 11,654.64 2,088.44
B-4 66938DCZ0 SUB 7.00000% 1,098,864.80 6,410.04 1,148.64
B-5 66938DDA4 SUB 7.00000% 499,484.45 2,913.66 522.11
B-6 66938DDB2 SUB 7.00000% 899,072.51 5,244.59 907.88
Totals 197,748,384.34 1,147,629.98 833,813.99
</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 36,124,784.24 235,831.74 0.00
I-A-2 0.00 10,321,368.05 113,565.43 0.00
I-A-3 0.00 3,256,327.30 0.00 0.00
I-A-4 0.00 5,616,000.00 32,760.00 0.00
I-A-5 0.00 4,361,304.85 32,808.47 0.00
I-AR 0.00 0.00 0.00 0.00
I-A-PO 0.00 408,553.31 803.71 0.00
II-A-1 0.00 122,255,518.17 1,466,788.92 0.00
II-A-PO 0.00 599,743.35 2,716.13 0.00
B-1 0.00 6,785,883.90 46,726.43 0.00
B-2 0.00 2,694,394.67 18,553.14 0.00
B-3 0.00 1,995,849.38 13,743.08 0.00
B-4 0.00 1,097,716.16 7,558.68 0.00
B-5 0.00 498,962.34 3,435.77 0.00
B-6 31.91 898,132.71 6,152.47 185.61
Totals 31.91 196,914,538.43 1,981,443.97 185.61
<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 36,185,455.76 55,057.06 5,614.46 0.00 0.00
I-A-2 10,490,858.00 10,338,702.77 15,730.59 1,604.13 0.00 0.00
I-A-3 3,200,000.00 3,237,442.22 0.00 0.00 -18,885.08 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 4,368,629.65 6,646.98 677.83 0.00 0.00
I-A-PO 410,956.37 409,357.02 762.63 41.08 0.00 0.00
II-A-1 124,715,965.00 123,004,779.20 130,732.06 618,528.98 0.00 0.00
II-A-PO 606,679.66 602,459.49 1,293.53 1,422.60 0.00 0.00
B-1 6,807,000.00 6,792,984.59 7,100.69 0.00 0.00 0.00
B-2 2,702,779.00 2,697,214.06 2,819.39 0.00 0.00 0.00
B-3 2,002,060.00 1,997,937.82 2,088.44 0.00 0.00 0.00
B-4 1,101,132.00 1,098,864.80 1,148.64 0.00 0.00 0.00
B-5 500,515.00 499,484.45 522.11 0.00 0.00 0.00
B-6 900,927.49 899,072.51 907.88 0.00 0.00 31.91
Totals 200,205,794.52 197,748,384.34 224,810.00 627,889.08 (18,885.08) 31.91
<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 60,671.52 36,124,784.24 0.98384403 60,671.52
I-A-2 17,334.72 10,321,368.05 0.98384403 17,334.72
I-A-3 (18,885.08) 3,256,327.30 1.01760228 (18,885.08)
I-A-4 0.00 5,616,000.00 1.00000000 0.00
I-A-5 7,324.80 4,361,304.85 0.98384403 7,324.80
I-A-PO 803.71 408,553.31 0.99415252 803.71
II-A-1 749,261.04 122,255,518.17 0.98027160 749,261.04
II-A-PO 2,716.13 599,743.35 0.98856677 2,716.13
B-1 7,100.69 6,785,883.90 0.99689788 7,100.69
B-2 2,819.39 2,694,394.67 0.99689789 2,819.39
B-3 2,088.44 1,995,849.38 0.99689789 2,088.44
B-4 1,148.64 1,097,716.16 0.99689788 1,148.64
B-5 522.11 498,962.34 0.99689788 522.11
B-6 939.79 898,132.71 0.99689789 907.88
Totals 833,845.90 196,914,538.43 0.98356064 833,813.99
</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 36,717,999.00 985.49639810 1.49945698 0.15290757 0.00000000
I-A-2 10,490,858.00 985.49639791 1.49945696 0.15290742 0.00000000
I-A-3 3,200,000.00 1011.70069375 0.00000000 0.00000000 -5.90158750
I-A-4 5,616,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
I-A-5 4,432,923.00 985.49639820 1.49945758 0.15290814 0.00000000
I-AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
I-A-PO 410,956.37 996.10822434 1.85574444 0.09996195 0.00000000
II-A-1 124,715,965.00 986.27933641 1.04823837 4.95950122 0.00000000
II-A-PO 606,679.66 993.04382481 2.13214664 2.34489483 0.00000000
B-1 6,807,000.00 997.94102982 1.04314529 0.00000000 0.00000000
B-2 2,702,779.00 997.94103032 1.04314485 0.00000000 0.00000000
B-3 2,002,060.00 997.94103074 1.04314556 0.00000000 0.00000000
B-4 1,101,132.00 997.94102796 1.04314469 0.00000000 0.00000000
B-5 500,515.00 997.94102075 1.04314556 0.00000000 0.00000000
B-6 900,927.49 997.94103297 1.00771706 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 1.65236455 983.84403355 0.98384403 1.65236455
I-A-2 0.00000000 1.65236437 983.84403354 0.98384403 1.65236437
I-A-3 0.00000000 -5.90158750 1,017.60228125 1.01760228 -5.90158750
I-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
I-A-5 0.00000000 1.65236346 983.84403474 0.98384403 1.65236346
I-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
I-A-PO 0.00000000 1.95570639 994.15251794 0.99415252 1.95570639
II-A-1 0.00000000 6.00773959 980.27159690 0.98027160 6.00773959
II-A-PO 0.00000000 4.47704148 988.56676685 0.98856677 4.47704148
B-1 0.00000000 1.04314529 996.89788453 0.99689788 1.04314529
B-2 0.00000000 1.04314485 996.89788547 0.99689789 1.04314485
B-3 0.00000000 1.04314556 996.89788518 0.99689789 1.04314556
B-4 0.00000000 1.04314469 996.89788327 0.99689788 1.04314469
B-5 0.00000000 1.04314556 996.89787519 0.99689788 1.04314556
B-6 0.03541905 1.04313611 996.89788576 0.99689789 1.00771706
<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 5.80875% 36,185,455.76 175,160.22 0.00 0.00
I-A-2 10,490,858.00 11.16938% 10,338,702.77 96,230.71 0.00 0.00
I-A-3 3,200,000.00 7.00000% 3,237,442.22 18,885.08 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% 4,368,629.65 25,483.67 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% 409,357.02 0.00 0.00 0.00
II-A-1 124,715,965.00 7.00000% 123,004,779.20 717,527.88 0.00 0.00
II-A-PO 606,679.66 0.00000% 602,459.49 0.00 0.00 0.00
B-1 6,807,000.00 7.00000% 6,792,984.59 39,625.74 0.00 0.00
B-2 2,702,779.00 7.00000% 2,697,214.06 15,733.75 0.00 0.00
B-3 2,002,060.00 7.00000% 1,997,937.82 11,654.64 0.00 0.00
B-4 1,101,132.00 7.00000% 1,098,864.80 6,410.04 0.00 0.00
B-5 500,515.00 7.00000% 499,484.45 2,913.66 0.00 0.00
B-6 900,927.49 7.00000% 899,072.51 5,244.59 0.00 0.00
Totals 200,205,894.52 1,147,629.98 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 0.00 175,160.22 0.00 36,124,784.24
I-A-2 0.00 0.00 96,230.71 0.00 10,321,368.05
I-A-3 0.00 0.00 18,885.08 0.00 3,256,327.30
I-A-4 0.00 0.00 32,760.00 0.00 5,616,000.00
I-A-5 0.00 0.00 25,483.67 0.00 4,361,304.85
I-AR 0.00 0.00 0.00 0.00 0.00
I-A-PO 0.00 0.00 0.00 0.00 408,553.31
II-A-1 0.00 0.00 717,527.88 0.00 122,255,518.17
II-A-PO 0.00 0.00 0.00 0.00 599,743.35
B-1 0.00 0.00 39,625.74 0.00 6,785,883.90
B-2 0.00 0.00 15,733.75 0.00 2,694,394.67
B-3 0.00 0.00 11,654.64 0.00 1,995,849.38
B-4 0.00 0.00 6,410.04 0.00 1,097,716.16
B-5 0.00 0.00 2,913.66 0.00 498,962.34
B-6 0.00 0.00 5,244.59 0.00 898,132.71
Totals 0.00 0.00 1,147,629.98 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 5.80875% 985.49639810 4.77041845 0.00000000 0.00000000
I-A-2 10,490,858.00 11.16938% 985.49639791 9.17281599 0.00000000 0.00000000
I-A-3 3,200,000.00 7.00000% 1011.70069375 5.90158750 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% 985.49639820 5.74872832 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% 996.10822434 0.00000000 0.00000000 0.00000000
II-A-1 124,715,965.00 7.00000% 986.27933641 5.75329614 0.00000000 0.00000000
II-A-PO 606,679.66 0.00000% 993.04382481 0.00000000 0.00000000 0.00000000
B-1 6,807,000.00 7.00000% 997.94102982 5.82132217 0.00000000 0.00000000
B-2 2,702,779.00 7.00000% 997.94103032 5.82132316 0.00000000 0.00000000
B-3 2,002,060.00 7.00000% 997.94103074 5.82132404 0.00000000 0.00000000
B-4 1,101,132.00 7.00000% 997.94102796 5.82131843 0.00000000 0.00000000
B-5 500,515.00 7.00000% 997.94102075 5.82132404 0.00000000 0.00000000
B-6 900,927.49 7.00000% 997.94103297 5.82132309 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 4.77041845 0.00000000 983.84403355
I-A-2 0.00000000 0.00000000 9.17281599 0.00000000 983.84403354
I-A-3 0.00000000 0.00000000 5.90158750 0.00000000 1017.60228125
I-A-4 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000
I-A-5 0.00000000 0.00000000 5.74872832 0.00000000 983.84403474
I-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
I-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 994.15251794
II-A-1 0.00000000 0.00000000 5.75329614 0.00000000 980.27159690
II-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 988.56676685
B-1 0.00000000 0.00000000 5.82132217 0.00000000 996.89788453
B-2 0.00000000 0.00000000 5.82132316 0.00000000 996.89788547
B-3 0.00000000 0.00000000 5.82132404 0.00000000 996.89788518
B-4 0.00000000 0.00000000 5.82131843 0.00000000 996.89788327
B-5 0.00000000 0.00000000 5.82132404 0.00000000 996.89787519
B-6 0.00000000 0.00000000 5.82132309 0.00000000 996.89788576
<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 0.00
Deposits
Payments of Interest and Principal 2,149,490.18
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 2,149,490.18
Withdrawals
Reimbursement for Servicer Advances 103,870.65
Payment of Service Fee 42,963.62
Payment of Interest and Principal 1,981,443.97
Total Withdrawals (Pool Distribution Amount) 2,128,278.24
Ending Balance 21,211.94
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,034.13
Servicing Fee Support 1,034.13
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 41,196.40
Master Servicing Fee 2,801.36
Supported Prepayment/Curtailment Interest Shortfall 1,034.13
Net Servicing Fee 42,963.62
</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 5 491,801.74 0.336927% 0.249754%
60 Days 1 120,778.06 0.067385% 0.061335%
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 6 612,579.80 0.404313% 0.311089%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 31.91
Cumulative Realized Losses - Includes Interest Shortfall 185.61
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 84,916.60
</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% 160,381,200.88 81.44711008% 18.439833% 0.000000%
Class I-A-2 152,586,081.15 76.21457975% 150,059,832.83 76.20556310% 5.268524% 0.000000%
Class I-A-3 149,386,081.15 74.61622522% 146,803,505.53 74.55188769% 1.662187% 0.000000%
Class I-A-4 143,770,081.15 71.81111300% 141,187,505.53 71.69988903% 2.866677% 0.000000%
Class I-A-5 139,337,158.15 69.59693094% 136,826,200.68 69.48506787% 2.226220% 0.000000%
Class II-A-1 14,014,413.49 7.00000044% 13,970,939.16 7.09492517% 62.405116% 0.000000%
Class B-1 7,207,413.49 3.60000064% 7,185,055.26 3.64881909% 3.463843% 0.000000%
Class B-2 4,504,634.49 2.25000093% 4,490,660.59 2.28051246% 1.375349% 0.000000%
Class B-3 2,502,574.49 1.25000040% 2,494,811.21 1.26695125% 1.018778% 0.000000%
Class B-4 1,401,442.49 0.70000061% 1,397,095.05 0.70949309% 0.560327% 0.000000%
Class B-5 900,927.49 0.45000048% 898,132.71 0.45610279% 0.254694% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.458450% 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 0.04162629%
Fraud 4,004,117.89 2.00000000% 4,004,117.89 2.03342928%
Special Hazard 2,002,058.95 1.00000000% 2,002,058.95 1.01671464%
<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 7.814289%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity(Stepdown Calculation ) 330
Beginning Scheduled Collateral Loan Count 1,491
Number Of Loans Paid In Full 7
Ending Scheduled Collateral Loan Count 1,484
Beginning Scheduled Collateral Balance 197,748,384.33
Ending Scheduled Collateral Balance 196,914,538.43
Ending Actual Collateral Balance at 31-Oct-1999 197,109,368.01
Ending Scheduled Balance For Norwest-Serviced 192,006,580.57
Ending Scheduled Balance For Other Services 4,907,957.86
Monthly P &I Constant 1,399,790.26
Class A Optimal Amount 1,881,754.57
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 167,200,355.30
Ending scheduled Balance For discounted Loans 29,714,183.13
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 141,873,799.47
Greater Than 80%, less than or equal to 85% 6,404,058.10
Greater than 85%, less than or equal to 95% 40,187,967.80
Greater than 95% 8,453,396.34
</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 7.664429 7.887213
Weighted Average Net Rate 6.955736 6.968356
Weighted Average Maturity 335.00 328.00
Beginning Loan Count 180 1,311 1,491
Loans Paid In Full 0 7 7
Ending Loan Count 180 1,304 1,484
Beginning Scheduled Balance 64,728,026.54 133,020,357.79 197,748,384.33
Ending scheduled Balance 64,656,162.27 132,258,376.16 196,914,538.43
Record Date 10/31/99 10/31/99
Principal And Interest Constant 455,264.29 944,525.97 1,399,790.26
Scheduled Principal 65,674.37 142,030.05 207,704.42
Unscheduled Principal 6,189.90 619,951.58 626,141.48
Scheduled Interest 389,589.92 802,011.81 1,191,601.73
Servicing Fees 13,484.85 27,711.55 41,196.40
Master Servicing Fees 916.97 1,884.39 2,801.36
Trustee Fee 0.00 0.00 0.00
FRY Amount 23,824.69 72,255.87 96,080.56
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 351,363.41 700,160.00 1,051,523.42
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 491,801.74 120,778.06 0.00 0.00 0.00 0.00
Percentage Of Balance 0.372% 0.091% 0.000% 0.000% 0.000% 0.000%
Loan Count 5 1 0 0 0 0
Percentage Of Loans 0.383% 0.077% 0.000% 0.000% 0.000% 0.000%
Totals:Principal Balance 491,801.74 120,778.06 0.00 0.00 0.00 0.00
Percentage of Balance 0.250% 0.061% 0.000% 0.000% 0.000% 0.000%
Loan Count 5 1 0 0 0 0
Percentage Of Loans 0.337% 0.067% 0.000% 0.000% 0.000% 0.000%
</TABLE>
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