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Previous: E COMMERCE GROUP INC, 10QSB/A, 1999-12-10 |
Next: CANCEROPTION COM INC, 10SB12G/A, 1999-12-10 |
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 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 November 26, 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 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 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: 12/9/99
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 November
26, 1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 10/31/99
Distribution Date: 11/26/99
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% 8,737,414.22 0.00 9,388.37
A-1 66937RF53 SEQ 7.00000% 86,545,231.84 504,847.19 579,997.24
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% 132,142,242.68 770,829.75 1,060,211.89
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% 0.00 0.00 0.00
B-1 66937RG86 SUB 7.00000% 8,709,205.81 50,803.70 7,031.03
B-2 66937RG94 SUB 7.00000% 3,398,617.06 19,825.27 2,743.74
B-3 66937RH28 SUB 7.00000% 1,486,645.36 8,672.10 1,200.18
B-4 66937RH85 SUB 7.00000% 1,699,308.53 9,912.63 1,371.87
B-5 66937RH93 SUB 7.00000% 636,991.09 3,715.78 514.25
B-6 66937RJ26 SUB 7.00000% 1,062,852.38 6,199.97 703.48
Totals 417,558,508.97 2,384,789.72 1,663,162.05
</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 8,728,025.85 9,388.37 0.00
A-1 0.00 85,965,234.60 1,084,844.43 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 0.00 131,082,030.79 1,831,041.64 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 0.00 0.00
B-1 0.00 8,702,174.78 57,834.73 0.00
B-2 0.00 3,395,873.32 22,569.01 0.00
B-3 0.00 1,485,445.17 9,872.28 0.00
B-4 0.00 1,697,936.66 11,284.50 0.00
B-5 0.00 636,476.84 4,230.03 0.00
B-6 154.56 1,061,994.34 6,903.45 987.01
Totals 154.56 415,895,192.35 4,047,951.77 987.01
<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 8,737,414.22 7,775.18 1,613.19 0.00 0.00
A-1 89,334,000.00 86,545,231.84 111,856.71 468,140.53 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-6 137,240,000.00 132,142,242.68 204,469.62 855,742.27 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 0.00 0.00 0.00 0.00 0.00
B-1 8,723,000.00 8,709,205.81 7,031.03 0.00 0.00 0.00
B-2 3,404,000.00 3,398,617.06 2,743.74 0.00 0.00 0.00
B-3 1,489,000.00 1,486,645.36 1,200.18 0.00 0.00 0.00
B-4 1,702,000.00 1,699,308.53 1,371.87 0.00 0.00 0.00
B-5 638,000.00 636,991.09 514.25 0.00 0.00 0.00
B-6 1,064,535.79 1,062,852.38 703.48 0.00 0.00 154.56
Totals 425,496,528.66 417,558,508.97 337,666.06 1,325,495.99 0.00 154.56
<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 9,388.37 8,728,025.85 0.99613474 9,388.37
A-1 579,997.24 85,965,234.60 0.96229022 579,997.24
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 1,060,211.89 131,082,030.79 0.95512992 1,060,211.89
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 0.00 0.00 0.00000000 0.00
B-1 7,031.03 8,702,174.78 0.99761261 7,031.03
B-2 2,743.74 3,395,873.32 0.99761261 2,743.74
B-3 1,200.18 1,485,445.17 0.99761261 1,200.18
B-4 1,371.87 1,697,936.66 0.99761261 1,371.87
B-5 514.25 636,476.84 0.99761260 514.25
B-6 858.04 1,061,994.34 0.99761262 703.48
Totals 1,663,316.61 415,895,192.35 0.97743498 1,663,162.05
</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 8,761,892.87 997.20623724 0.88738588 0.18411433 0.00000000
A-1 89,334,000.00 968.78267894 1.25211801 5.24033996 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-6 137,240,000.00 962.85516380 1.48986899 6.23537066 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 0.00000000 0.00000000 0.00000000 0.00000000
B-1 8,723,000.00 998.41864152 0.80603347 0.00000000 0.00000000
B-2 3,404,000.00 998.41864277 0.80603408 0.00000000 0.00000000
B-3 1,489,000.00 998.41864338 0.80603089 0.00000000 0.00000000
B-4 1,702,000.00 998.41864277 0.80603408 0.00000000 0.00000000
B-5 638,000.00 998.41863636 0.80603448 0.00000000 0.00000000
B-6 1,064,535.79 998.41864406 0.66083264 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 1.07150020 996.13473704 0.99613474 1.07150020
A-1 0.00000000 6.49245797 962.29022097 0.96229022 6.49245797
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 7.72523965 955.12992415 0.95512992 7.72523965
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 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.80603347 997.61260805 0.99761261 0.80603347
B-2 0.00000000 0.80603408 997.61260870 0.99761261 0.80603408
B-3 0.00000000 0.80603089 997.61260578 0.99761261 0.80603089
B-4 0.00000000 0.80603408 997.61260870 0.99761261 0.80603408
B-5 0.00000000 0.80603448 997.61260188 0.99761260 0.80603448
B-6 0.14519005 0.80602269 997.61262137 0.99761262 0.66083264
<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% 8,737,414.22 0.00 0.00 0.00
A-1 89,334,000.00 7.00000% 86,545,231.84 504,847.19 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% 132,142,242.68 770,829.75 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% 0.00 0.00 0.00 0.00
B-1 8,723,000.00 7.00000% 8,709,205.81 50,803.70 0.00 0.00
B-2 3,404,000.00 7.00000% 3,398,617.06 19,825.27 0.00 0.00
B-3 1,489,000.00 7.00000% 1,486,645.36 8,672.10 0.00 0.00
B-4 1,702,000.00 7.00000% 1,699,308.53 9,912.63 0.00 0.00
B-5 638,000.00 7.00000% 636,991.09 3,715.78 0.00 0.00
B-6 1,064,535.79 7.00000% 1,062,852.38 6,199.97 0.00 0.00
Totals 425,496,528.66 2,384,789.72 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 8,728,025.85
A-1 0.00 0.00 504,847.19 0.00 85,965,234.60
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 0.00 770,829.75 0.00 131,082,030.79
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 0.00 0.00 0.00
B-1 0.00 0.00 50,803.70 0.00 8,702,174.78
B-2 0.00 0.00 19,825.27 0.00 3,395,873.32
B-3 0.00 0.00 8,672.10 0.00 1,485,445.17
B-4 0.00 0.00 9,912.63 0.00 1,697,936.66
B-5 0.00 0.00 3,715.78 0.00 636,476.84
B-6 0.00 0.00 6,199.97 0.00 1,061,994.34
Totals 0.00 0.00 2,384,789.72 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 8,761,892.87 0.00000% 997.20623724 0.00000000 0.00000000 0.00000000
A-1 89,334,000.00 7.00000% 968.78267894 5.65123234 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% 962.85516380 5.61665513 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% 0.00000000 0.00000000 0.00000000 0.00000000
B-1 8,723,000.00 7.00000% 998.41864152 5.82410868 0.00000000 0.00000000
B-2 3,404,000.00 7.00000% 998.41864277 5.82410987 0.00000000 0.00000000
B-3 1,489,000.00 7.00000% 998.41864338 5.82411014 0.00000000 0.00000000
B-4 1,702,000.00 7.00000% 998.41864277 5.82410693 0.00000000 0.00000000
B-5 638,000.00 7.00000% 998.41863636 5.82410658 0.00000000 0.00000000
B-6 1,064,535.79 7.00000% 998.41864406 5.82410667 0.00000000 0.00000000
<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 996.13473704
A-1 0.00000000 0.00000000 5.65123234 0.00000000 962.29022097
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 5.61665513 0.00000000 955.12992415
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 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 5.82410868 0.00000000 997.61260805
B-2 0.00000000 0.00000000 5.82410987 0.00000000 997.61260870
B-3 0.00000000 0.00000000 5.82411014 0.00000000 997.61260578
B-4 0.00000000 0.00000000 5.82410693 0.00000000 997.61260870
B-5 0.00000000 0.00000000 5.82410658 0.00000000 997.61260188
B-6 0.00000000 0.00000000 5.82410667 0.00000000 997.61262137
<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 4,356,095.88
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 4,356,095.88
Withdrawals
Reimbursement for Servicer Advances 168,321.47
Payment of Service Fee 91,617.72
Payment of Interest and Principal 4,047,951.78
Total Withdrawals (Pool Distribution Amount) 4,307,890.97
Ending Balance 48,204.90
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 1,285.38
Servicing Fee Support 1,285.38
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 86,987.92
Master Servicing Fee 5,915.18
Supported Prepayment/Curtailment Interest Shortfall 1,285.38
Net Servicing Fee 91,617.72
</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 1,850,670.89 0.331675% 0.444985%
60 Days 1 278,326.70 0.082919% 0.066922%
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 2,128,997.59 0.414594% 0.511907%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 154.56
Cumulative Realized Losses - Includes Interest Shortfall 987.01
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 189,523.88
</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% 16,979,901.11 4.08273561% 95.829747% 100.000000%
Class B-1 8,297,535.79 1.95008307% 8,277,726.33 1.99033951% 2.137249% 0.000000%
Class B-2 4,893,535.79 1.15007655% 4,881,853.01 1.17381809% 0.834024% 0.000000%
Class B-3 3,404,535.79 0.80013245% 3,396,407.84 0.81664994% 0.364824% 0.000000%
Class B-4 1,702,535.79 0.40012918% 1,698,471.18 0.40838923% 0.417012% 0.000000%
Class B-5 1,064,535.79 0.25018672% 1,061,994.34 0.25535143% 0.156318% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.260825% 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 0.03644579%
Fraud 8,509,930.57 2.00000000% 8,509,930.57 2.04617190%
Special Hazard 4,254,965.29 1.00000000% 4,254,965.29 1.02308595%
<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 7.303954%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity(Stepdown Calculation ) 354
Beginning Scheduled Collateral Loan Count 1,210
Number Of Loans Paid In Full 4
Ending Scheduled Collateral Loan Count 1,206
Beginning Scheduled Collateral Balance 417,558,508.97
Ending Scheduled Collateral Balance 415,895,192.34
Ending Actual Collateral Balance at 31-Oct-1999 416,196,650.22
Ending Scheduled Balance For Norwest 396,097,067.90
Ending Scheduled Balance For Other Services 19,798,124.44
Monthly P &I Constant 2,819,382.36
Class A Optimal Amount 3,925,869.40
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 182,734,776.31
Ending scheduled Balance For discounted Loans 233,160,416.03
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 364,592,714.39
Greater Than 80%, less than or equal to 85% 9,004,957.93
Greater than 85%, less than or equal to 95% 39,583,233.69
Greater than 95% 2,723,172.38
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