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Previous: E COMMERCE GROUP INC, 10SB12G/A, 1999-10-07 |
Next: JILLIANS ENTERTAINMENT HOLDINGS INC, RW, 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 1999-21 Trust
New York (governing law of 333-65481-25 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, 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 1999-21
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
1999-21 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 1999-21 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri Sharps, Vice President
By: Sherri Sharps, Vice President
Date: 10/4/99
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1999-21 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: 1999-21
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 NMB9921PO PO 0.00000% 8,761,892.87 0.00 10,115.17
A-1 66937RF53 SEQ 7.00000% 89,334,000.00 521,115.00 2,209,104.77
A-2 66937RF61 SEQ 7.00000% 10,500,000.00 61,250.00 0.00
A-3 66937RF79 SEQ 7.00000% 40,433,000.00 235,859.17 0.00
A-4 66937RF87 SEQ 7.00000% 42,435,000.00 247,537.50 0.00
A-5 66937RF95 SEQ 7.60000% 7,315,000.00 46,328.33 0.00
A-6 66937RG29 SEQ 7.00000% 137,240,000.00 800,566.67 4,038,155.69
A-7 66937RG37 SEQ 7.00000% 26,059,000.00 152,010.83 0.00
A-8 66937RG45 SEQ 6.00000% 18,392,000.00 91,960.00 0.00
A-9 66937RG52 SEQ 7.50000% 28,006,000.00 175,037.50 0.00
A-R 66937RG78 R 7.00000% 100.00 0.58 100.00
B-1 66937RG86 SUB 7.00000% 8,723,000.00 50,884.17 6,821.21
B-2 66937RG94 SUB 7.00000% 3,404,000.00 19,856.67 2,661.86
B-3 66937RH28 SUB 7.00000% 1,489,000.00 8,685.83 1,164.37
B-4 66937RH85 SUB 7.00000% 1,702,000.00 9,928.33 1,330.93
B-5 66937RH93 SUB 7.00000% 638,000.00 3,721.67 498.90
B-6 66937RJ26 SUB 7.00000% 1,064,535.79 6,158.50 0.00
Totals 425,496,528.66 2,430,900.75 6,269,952.90
</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 8,751,777.70 10,115.17 0.00
A-1 0.00 87,124,895.23 2,730,219.77 0.00
A-2 0.00 10,500,000.00 61,250.00 0.00
A-3 0.00 40,433,000.00 235,859.17 0.00
A-4 0.00 42,435,000.00 247,537.50 0.00
A-5 0.00 7,315,000.00 46,328.33 0.00
A-6 0.00 133,201,844.31 4,838,722.36 0.00
A-7 0.00 26,059,000.00 152,010.83 0.00
A-8 0.00 18,392,000.00 91,960.00 0.00
A-9 0.00 28,006,000.00 175,037.50 0.00
A-R 0.00 0.00 100.58 0.00
B-1 0.00 8,716,178.79 57,705.38 0.00
B-2 0.00 3,401,338.14 22,518.53 0.00
B-3 0.00 1,487,835.63 9,850.20 0.00
B-4 0.00 1,700,669.07 11,259.26 0.00
B-5 0.00 637,501.10 4,220.57 0.00
B-6 832.45 1,063,703.34 6,158.50 832.45
Totals 832.45 419,225,743.31 8,700,853.65 832.45
<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 8,761,892.87 8,761,892.87 7,642.22 2,472.95 0.00 0.00
A-1 89,334,000.00 89,334,000.00 110,526.14 2,098,578.64 0.00 0.00
A-2 10,500,000.00 10,500,000.00 0.00 0.00 0.00 0.00
A-3 40,433,000.00 40,433,000.00 0.00 0.00 0.00 0.00
A-4 42,435,000.00 42,435,000.00 0.00 0.00 0.00 0.00
A-5 7,315,000.00 7,315,000.00 0.00 0.00 0.00 0.00
A-6 137,240,000.00 137,240,000.00 202,037.38 3,836,118.31 0.00 0.00
A-7 26,059,000.00 26,059,000.00 0.00 0.00 0.00 0.00
A-8 18,392,000.00 18,392,000.00 0.00 0.00 0.00 0.00
A-9 28,006,000.00 28,006,000.00 0.00 0.00 0.00 0.00
A-R 100.00 100.00 5.00 95.00 0.00 0.00
B-1 8,723,000.00 8,723,000.00 6,821.21 0.00 0.00 0.00
B-2 3,404,000.00 3,404,000.00 2,661.86 0.00 0.00 0.00
B-3 1,489,000.00 1,489,000.00 1,164.37 0.00 0.00 0.00
B-4 1,702,000.00 1,702,000.00 1,330.93 0.00 0.00 0.00
B-5 638,000.00 638,000.00 498.90 0.00 0.00 0.00
B-6 1,064,535.79 1,064,535.79 0.00 0.00 0.00 832.45
Totals 425,496,528.66 425,496,528.66 332,688.01 5,937,264.90 0.00 832.45
<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 10,115.17 8,751,777.70 0.99884555 10,115.17
A-1 2,209,104.77 87,124,895.23 0.97527140 2,209,104.77
A-2 0.00 10,500,000.00 1.00000000 0.00
A-3 0.00 40,433,000.00 1.00000000 0.00
A-4 0.00 42,435,000.00 1.00000000 0.00
A-5 0.00 7,315,000.00 1.00000000 0.00
A-6 4,038,155.69 133,201,844.31 0.97057596 4,038,155.69
A-7 0.00 26,059,000.00 1.00000000 0.00
A-8 0.00 18,392,000.00 1.00000000 0.00
A-9 0.00 28,006,000.00 1.00000000 0.00
A-R 100.00 0.00 0.00000000 100.00
B-1 6,821.21 8,716,178.79 0.99921802 6,821.21
B-2 2,661.86 3,401,338.14 0.99921802 2,661.86
B-3 1,164.37 1,487,835.63 0.99921802 1,164.37
B-4 1,330.93 1,700,669.07 0.99921802 1,330.93
B-5 498.90 637,501.10 0.99921803 498.90
B-6 832.45 1,063,703.34 0.99921802 0.00
Totals 6,270,785.35 419,225,743.31 0.98526243 6,269,952.90
</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 8,761,892.87 1000.00000000 0.87221108 0.28223924 0.00000000
A-1 89,334,000.00 1000.00000000 1.23722368 23.49137663 0.00000000
A-2 10,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 40,433,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 42,435,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 7,315,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 137,240,000.00 1000.00000000 1.47214646 27.95189675 0.00000000
A-7 26,059,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-8 18,392,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-9 28,006,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 1000.00000000 50.00000000 950.00000000 0.00000000
B-1 8,723,000.00 1000.00000000 0.78197982 0.00000000 0.00000000
B-2 3,404,000.00 1000.00000000 0.78198002 0.00000000 0.00000000
B-3 1,489,000.00 1000.00000000 0.78198120 0.00000000 0.00000000
B-4 1,702,000.00 1000.00000000 0.78198002 0.00000000 0.00000000
B-5 638,000.00 1000.00000000 0.78197492 0.00000000 0.00000000
B-6 1,064,535.79 1000.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination, except Class A-R, which is Per $100 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
APO 0.00000000 1.15445032 998.84554968 0.99884555 1.15445032
A-1 0.00000000 24.72860020 975.27139980 0.97527140 24.72860020
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 29.42404321 970.57595679 0.97057596 29.42404321
A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
B-1 0.00000000 0.78197982 999.21802018 0.99921802 0.78197982
B-2 0.00000000 0.78198002 999.21801998 0.99921802 0.78198002
B-3 0.00000000 0.78198120 999.21801880 0.99921802 0.78198120
B-4 0.00000000 0.78198002 999.21801998 0.99921802 0.78198002
B-5 0.00000000 0.78197492 999.21802508 0.99921803 0.78197492
B-6 0.78198404 0.78198404 999.21801596 0.99921802 0.00000000
<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 8,761,892.87 0.00000% 8,761,892.87 0.00 0.00 0.00
A-1 89,334,000.00 7.00000% 89,334,000.00 521,115.00 0.00 0.00
A-2 10,500,000.00 7.00000% 10,500,000.00 61,250.00 0.00 0.00
A-3 40,433,000.00 7.00000% 40,433,000.00 235,859.17 0.00 0.00
A-4 42,435,000.00 7.00000% 42,435,000.00 247,537.50 0.00 0.00
A-5 7,315,000.00 7.60000% 7,315,000.00 46,328.33 0.00 0.00
A-6 137,240,000.00 7.00000% 137,240,000.00 800,566.67 0.00 0.00
A-7 26,059,000.00 7.00000% 26,059,000.00 152,010.83 0.00 0.00
A-8 18,392,000.00 6.00000% 18,392,000.00 91,960.00 0.00 0.00
A-9 28,006,000.00 7.50000% 28,006,000.00 175,037.50 0.00 0.00
A-R 100.00 7.00000% 100.00 0.58 0.00 0.00
B-1 8,723,000.00 7.00000% 8,723,000.00 50,884.17 0.00 0.00
B-2 3,404,000.00 7.00000% 3,404,000.00 19,856.67 0.00 0.00
B-3 1,489,000.00 7.00000% 1,489,000.00 8,685.83 0.00 0.00
B-4 1,702,000.00 7.00000% 1,702,000.00 9,928.33 0.00 0.00
B-5 638,000.00 7.00000% 638,000.00 3,721.67 0.00 0.00
B-6 1,064,535.79 7.00000% 1,064,535.79 6,209.79 0.00 51.30
Totals 425,496,528.66 2,430,952.04 0.00 51.30
</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 8,751,777.70
A-1 0.00 0.00 521,115.00 0.00 87,124,895.23
A-2 0.00 0.00 61,250.00 0.00 10,500,000.00
A-3 0.00 0.00 235,859.17 0.00 40,433,000.00
A-4 0.00 0.00 247,537.50 0.00 42,435,000.00
A-5 0.00 0.00 46,328.33 0.00 7,315,000.00
A-6 0.00 0.00 800,566.67 0.00 133,201,844.31
A-7 0.00 0.00 152,010.83 0.00 26,059,000.00
A-8 0.00 0.00 91,960.00 0.00 18,392,000.00
A-9 0.00 0.00 175,037.50 0.00 28,006,000.00
A-R 0.00 0.00 0.58 0.00 0.00
B-1 0.00 0.00 50,884.17 0.00 8,716,178.79
B-2 0.00 0.00 19,856.67 0.00 3,401,338.14
B-3 0.00 0.00 8,685.83 0.00 1,487,835.63
B-4 0.00 0.00 9,928.33 0.00 1,700,669.07
B-5 0.00 0.00 3,721.67 0.00 637,501.10
B-6 0.00 0.00 6,158.50 51.30 1,063,703.34
Totals 0.00 0.00 2,430,900.75 51.30
<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 8,761,892.87 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-1 89,334,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-2 10,500,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-3 40,433,000.00 7.00000% 1000.00000000 5.83333342 0.00000000 0.00000000
A-4 42,435,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-5 7,315,000.00 7.60000% 1000.00000000 6.33333288 0.00000000 0.00000000
A-6 137,240,000.00 7.00000% 1000.00000000 5.83333336 0.00000000 0.00000000
A-7 26,059,000.00 7.00000% 1000.00000000 5.83333321 0.00000000 0.00000000
A-8 18,392,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
A-9 28,006,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
A-R 100.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
B-1 8,723,000.00 7.00000% 1000.00000000 5.83333372 0.00000000 0.00000000
B-2 3,404,000.00 7.00000% 1000.00000000 5.83333431 0.00000000 0.00000000
B-3 1,489,000.00 7.00000% 1000.00000000 5.83333109 0.00000000 0.00000000
B-4 1,702,000.00 7.00000% 1000.00000000 5.83333137 0.00000000 0.00000000
B-5 638,000.00 7.00000% 1000.00000000 5.83333856 0.00000000 0.00000000
B-6 1,064,535.79 7.00000% 1000.00000000 5.83333135 0.00000000 0.04819002
<FN>
(5) Per $1,000 Denomination, except Class A-R, which is 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 998.84554968
A-1 0.00000000 0.00000000 5.83333333 0.00000000 975.27139980
A-2 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.83333342 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 6.33333288 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.83333336 0.00000000 970.57595679
A-7 0.00000000 0.00000000 5.83333321 0.00000000 1000.00000000
A-8 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
A-9 0.00000000 0.00000000 6.25000000 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.80000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.83333372 0.00000000 999.21802018
B-2 0.00000000 0.00000000 5.83333431 0.00000000 999.21801998
B-3 0.00000000 0.00000000 5.83333109 0.00000000 999.21801880
B-4 0.00000000 0.00000000 5.83333137 0.00000000 999.21801998
B-5 0.00000000 0.00000000 5.83333856 0.00000000 999.21802508
B-6 0.00000000 0.00000000 5.78515073 0.04819002 999.21801596
<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 8,845,585.73
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 8,845,585.73
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 91,478.14
Payment of Interest and Principal 8,700,853.66
Total Withdrawals (Pool Distribution Amount) 8,792,331.80
Ending Balance 53,253.93
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 3,161.64
Servicing Fee Support 3,161.64
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 88,614.03
Master Servicing Fee 6,025.75
Supported Prepayment/Curtailment Interest Shortfall 3,161.64
Net Servicing Fee 91,478.14
</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 3 998,734.18 0.247117% 0.238233%
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 3 998,734.18 0.247117% 0.238233%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 832.45
Cumulative Realized Losses - Includes Interest Shortfall 832.45
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 198,241.26
</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 17,020,535.79 4.00015855% 17,007,226.07 4.05681816% 95.856686% 100.000000%
Class B-1 8,297,535.79 1.95008307% 8,291,047.28 1.97770471% 2.123443% 0.000000%
Class B-2 4,893,535.79 1.15007655% 4,889,709.14 1.16636662% 0.828637% 0.000000%
Class B-3 3,404,535.79 0.80013245% 3,401,873.51 0.81146579% 0.362468% 0.000000%
Class B-4 1,702,535.79 0.40012918% 1,701,204.44 0.40579675% 0.414318% 0.000000%
Class B-5 1,064,535.79 0.25018672% 1,063,703.34 0.25373044% 0.155309% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.259140% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 151,576.27 0.03562339% 151,576.27 0.03615624%
Fraud 8,509,930.57 2.00000000% 8,509,930.57 2.02991603%
Special Hazard 4,254,965.29 1.00000000% 4,254,965.29 1.01495802%
<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 7.325361%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity(Stepdown Calculation ) 356
Beginning Scheduled Collateral Loan Count 1,229
Number Of Loans Paid In Full 15
Ending Scheduled Collateral Loan Count 1,214
Beginning Scheduled Collateral Balance 425,496,528.66
Ending Scheduled Collateral Balance 419,225,743.30
Ending Actual Collateral Balance at 31-Aug-1999 20,558,529.83
Ending Scheduled Balance For Norwest 398,681,384.81
Ending Scheduled Balance For Other Services 20,544,358.49
Monthly P &I Constant 2,861,505.62
Class A Optimal Amount 8,579,026.05
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 185,406,444.21
Ending scheduled Balance For discounted Loans 233,819,299.09
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 367,224,348.39
Greater Than 80%, less than or equal to 85% 9,019,347.53
Greater than 85%, less than or equal to 95% 40,263,383.08
Greater than 95% 2,727,535.13
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