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Previous: CREDIT SUISSE FIRST BOSTON MORT PASS THR CERT SER 1999 C1, 8-K, 2000-01-06 |
Next: OPTION ONE MORT LN TR ASSET BACKED CERT SER 1999-3, 8-K, 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 1999-24 Trust
New York (governing law of 333-65481-28 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 December 27, 1999 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-24
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
1999-24 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 1999-24 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri Sharps, Vice President
By: Sherri 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 1999-24 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: 1999-24
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 NMB9924PO PO 0.00000% 4,543,096.52 0.00 5,009.41
A-1 66937RL80 SEQ 7.00000% 74,248,971.61 433,119.00 368,153.47
A-2 66937RL98 SEQ 7.00000% 58,044,599.00 338,593.49 0.00
A-3 66937RM22 SEQ 7.00000% 21,615,899.74 126,092.75 87,865.84
A-4 66937RM30 SEQ 7.50000% 73,799,104.06 461,244.40 487,190.03
A-5 66937RM48 SEQ 7.00000% 20,102,585.00 117,265.08 -117,265.08
A-6 66937RM55 SEQ 7.00000% 39,969,828.76 233,157.33 30,590.24
A-7 66937RM63 PO 0.00000% 5,271,366.70 0.00 34,799.30
A-8 66937RM71 SEQ 7.00000% 73,315,999.03 427,676.66 659,688.39
A-9 66937RM89 SEQ 6.75000% 8,551,991.76 48,104.95 359,711.42
A-10 66937RM97 IO 0.25000% 0.00 1,781.66 0.00
A-11 66937RN21 SEQ 7.00000% 0.00 0.00 0.00
A-R 66937RN39 AR 7.00000% 50.00 0.29 0.00
A-LR 66937RN47 LR 7.00000% 50.00 0.29 0.00
B-1 66937RN54 MEZ 7.00000% 8,200,809.62 47,838.06 6,276.35
B-2 66937RN62 SUB 7.00000% 2,999,735.65 17,498.46 2,295.80
B-3 66937RN70 SUB 7.00000% 2,000,489.93 11,669.52 1,531.04
B-4 66937RN88 SUB 7.00000% 1,200,094.11 7,000.55 918.47
B-5 66937RN96 SUB 7.00000% 600,546.68 3,503.19 459.62
B-6 66937RP29 SUB 7.00000% 1,000,104.28 5,833.94 721.76
Totals 395,465,322.45 2,280,379.62 1,927,946.06
</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 4,538,087.10 5,009.41 0.00
A-1 0.00 73,880,818.14 801,272.47 0.00
A-2 0.00 58,044,599.00 338,593.49 0.00
A-3 0.00 21,528,033.90 213,958.59 0.00
A-4 0.00 73,311,914.03 948,434.43 0.00
A-5 0.00 20,219,850.08 0.00 0.00
A-6 0.00 39,939,238.52 263,747.57 0.00
A-7 0.00 5,236,567.40 34,799.30 0.00
A-8 0.00 72,656,310.64 1,087,365.05 0.00
A-9 0.00 8,192,280.34 407,816.37 0.00
A-10 0.00 0.00 1,781.66 0.00
A-11 0.00 0.00 0.00 0.00
A-R 0.00 50.00 0.29 0.00
A-LR 0.00 50.00 0.29 0.00
B-1 0.00 8,194,533.26 54,114.41 0.00
B-2 0.00 2,997,439.85 19,794.26 0.00
B-3 0.00 1,998,958.89 13,200.56 0.00
B-4 0.00 1,199,175.64 7,919.02 0.00
B-5 0.00 600,087.06 3,962.81 0.00
B-6 43.63 999,338.89 6,555.70 43.63
Totals 43.63 393,537,332.74 4,208,325.68 43.63
<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 4,569,363.42 4,543,096.52 4,036.06 973.36 0.00 0.00
A-1 74,559,000.00 74,248,971.61 50,196.03 317,957.44 0.00 0.00
A-2 58,044,599.00 58,044,599.00 0.00 0.00 0.00 0.00
A-3 21,703,256.00 21,615,899.74 11,980.10 75,885.74 0.00 0.00
A-4 75,000,000.00 73,799,104.06 66,426.12 420,763.92 0.00 0.00
A-5 19,986,000.00 20,102,585.00 0.00 0.00 -117,265.08 0.00
A-6 40,000,000.00 39,969,828.76 30,590.24 0.00 0.00 0.00
A-7 5,357,145.00 5,271,366.70 4,744.72 30,054.57 0.00 0.00
A-8 75,000,000.00 73,315,999.03 89,945.47 569,742.91 0.00 0.00
A-9 10,000,000.00 8,551,991.76 49,044.99 310,666.43 0.00 0.00
A-10 0.00 0.00 0.00 0.00 0.00 0.00
A-11 100,000.00 0.00 0.00 0.00 0.00 0.00
A-R 50.00 50.00 0.00 0.00 0.00 0.00
A-LR 50.00 50.00 0.00 0.00 0.00 0.00
B-1 8,207,000.00 8,200,809.62 6,276.35 0.00 0.00 0.00
B-2 3,002,000.00 2,999,735.65 2,295.80 0.00 0.00 0.00
B-3 2,002,000.00 2,000,489.93 1,531.04 0.00 0.00 0.00
B-4 1,201,000.00 1,200,094.11 918.47 0.00 0.00 0.00
B-5 601,000.00 600,546.68 459.62 0.00 0.00 0.00
B-6 1,000,859.21 1,000,104.28 721.76 0.00 0.00 43.63
Totals 400,333,322.63 395,465,322.45 319,166.77 1,726,044.37 (117,265.08) 43.63
<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 5,009.41 4,538,087.10 0.99315521 5,009.41
A-1 368,153.47 73,880,818.14 0.99090409 368,153.47
A-2 0.00 58,044,599.00 1.00000000 0.00
A-3 87,865.84 21,528,033.90 0.99192646 87,865.84
A-4 487,190.03 73,311,914.03 0.97749219 487,190.03
A-5 (117,265.08) 20,219,850.08 1.01170069 (117,265.08)
A-6 30,590.24 39,939,238.52 0.99848096 30,590.24
A-7 34,799.30 5,236,567.40 0.97749219 34,799.30
A-8 659,688.39 72,656,310.64 0.96875081 659,688.39
A-9 359,711.42 8,192,280.34 0.81922803 359,711.42
A-10 0.00 0.00 0.00000000 0.00
A-11 0.00 0.00 0.00000000 0.00
A-R 0.00 50.00 1.00000000 0.00
A-LR 0.00 50.00 1.00000000 0.00
B-1 6,276.35 8,194,533.26 0.99848096 6,276.35
B-2 2,295.80 2,997,439.85 0.99848096 2,295.80
B-3 1,531.04 1,998,958.89 0.99848096 1,531.04
B-4 918.47 1,199,175.64 0.99848097 918.47
B-5 459.62 600,087.06 0.99848097 459.62
B-6 765.39 999,338.89 0.99848099 721.76
Totals 1,927,989.69 393,537,332.74 0.98302417 1,927,946.06
</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 4,569,363.42 994.25151874 0.88328715 0.21301873 0.00000000
A-1 74,559,000.00 995.84183814 0.67323905 4.26450784 0.00000000
A-2 58,044,599.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 21,703,256.00 995.97496984 0.55199552 3.49651407 0.00000000
A-4 75,000,000.00 983.98805413 0.88568160 5.61018560 0.00000000
A-5 19,986,000.00 1005.83333333 0.00000000 0.00000000 -5.86736115
A-6 40,000,000.00 999.24571900 0.76475600 0.00000000 0.00000000
A-7 5,357,145.00 983.98805707 0.88568071 5.61018416 0.00000000
A-8 75,000,000.00 977.54665373 1.19927293 7.59657213 0.00000000
A-9 10,000,000.00 855.19917600 4.90449900 31.06664300 0.00000000
A-10 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-11 100,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-R 50.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-LR 50.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 8,207,000.00 999.24571951 0.76475570 0.00000000 0.00000000
B-2 3,002,000.00 999.24571952 0.76475683 0.00000000 0.00000000
B-3 2,002,000.00 999.24571928 0.76475524 0.00000000 0.00000000
B-4 1,201,000.00 999.24572023 0.76475437 0.00000000 0.00000000
B-5 601,000.00 999.24572379 0.76475874 0.00000000 0.00000000
B-6 1,000,859.21 999.24571809 0.72114039 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination, except Class A-R and Class A-LR, which is Per $50 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 1.09630369 993.15521285 0.99315521 1.09630369
A-1 0.00000000 4.93774689 990.90409126 0.99090409 4.93774689
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 4.04850959 991.92646025 0.99192646 4.04850959
A-4 0.00000000 6.49586707 977.49218707 0.97749219 6.49586707
A-5 0.00000000 -5.86736115 1,011.70069449 1.01170069 -5.86736115
A-6 0.00000000 0.76475600 998.48096300 0.99848096 0.76475600
A-7 0.00000000 6.49586673 977.49219034 0.97749219 6.49586673
A-8 0.00000000 8.79584520 968.75080853 0.96875081 8.79584520
A-9 0.00000000 35.97114200 819.22803400 0.81922803 35.97114200
A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-R 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-LR 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-1 0.00000000 0.76475570 998.48096259 0.99848096 0.76475570
B-2 0.00000000 0.76475683 998.48096269 0.99848096 0.76475683
B-3 0.00000000 0.76475524 998.48096404 0.99848096 0.76475524
B-4 0.00000000 0.76475437 998.48096586 0.99848097 0.76475437
B-5 0.00000000 0.76475874 998.48096506 0.99848097 0.76475874
B-6 0.04359254 0.76473293 998.48098515 0.99848099 0.72114039
<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 4,569,363.42 0.00000% 4,543,096.52 0.00 0.00 0.00
A-1 74,559,000.00 7.00000% 74,248,971.61 433,119.00 0.00 0.00
A-2 58,044,599.00 7.00000% 58,044,599.00 338,593.49 0.00 0.00
A-3 21,703,256.00 7.00000% 21,615,899.74 126,092.75 0.00 0.00
A-4 75,000,000.00 7.50000% 73,799,104.06 461,244.40 0.00 0.00
A-5 19,986,000.00 7.00000% 20,102,585.00 117,265.08 0.00 0.00
A-6 40,000,000.00 7.00000% 39,969,828.76 233,157.33 0.00 0.00
A-7 5,357,145.00 0.00000% 5,271,366.70 0.00 0.00 0.00
A-8 75,000,000.00 7.00000% 73,315,999.03 427,676.66 0.00 0.00
A-9 10,000,000.00 6.75000% 8,551,991.76 48,104.95 0.00 0.00
A-10 0.00 0.25000% 8,551,991.76 1,781.66 0.00 0.00
A-11 100,000.00 7.00000% 0.00 0.00 0.00 0.00
A-R 50.00 7.00000% 50.00 0.29 0.00 0.00
A-LR 50.00 7.00000% 50.00 0.29 0.00 0.00
B-1 8,207,000.00 7.00000% 8,200,809.62 47,838.06 0.00 0.00
B-2 3,002,000.00 7.00000% 2,999,735.65 17,498.46 0.00 0.00
B-3 2,002,000.00 7.00000% 2,000,489.93 11,669.52 0.00 0.00
B-4 1,201,000.00 7.00000% 1,200,094.11 7,000.55 0.00 0.00
B-5 601,000.00 7.00000% 600,546.68 3,503.19 0.00 0.00
B-6 1,000,859.21 7.00000% 1,000,104.28 5,833.94 0.00 0.00
Totals 400,333,322.63 2,280,379.62 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 4,538,087.10
A-1 0.00 0.00 433,119.00 0.00 73,880,818.14
A-2 0.00 0.00 338,593.49 0.00 58,044,599.00
A-3 0.00 0.00 126,092.75 0.00 21,528,033.90
A-4 0.00 0.00 461,244.40 0.00 73,311,914.03
A-5 0.00 0.00 117,265.08 0.00 20,219,850.08
A-6 0.00 0.00 233,157.33 0.00 39,939,238.52
A-7 0.00 0.00 0.00 0.00 5,236,567.40
A-8 0.00 0.00 427,676.66 0.00 72,656,310.64
A-9 0.00 0.00 48,104.95 0.00 8,192,280.34
A-10 0.00 0.00 1,781.66 0.00 8,192,280.34
A-11 0.00 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.29 0.00 50.00
A-LR 0.00 0.00 0.29 0.00 50.00
B-1 0.00 0.00 47,838.06 0.00 8,194,533.26
B-2 0.00 0.00 17,498.46 0.00 2,997,439.85
B-3 0.00 0.00 11,669.52 0.00 1,998,958.89
B-4 0.00 0.00 7,000.55 0.00 1,199,175.64
B-5 0.00 0.00 3,503.19 0.00 600,087.06
B-6 0.00 0.00 5,833.94 0.00 999,338.89
Totals 0.00 0.00 2,280,379.62 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 4,569,363.42 0.00000% 994.25151874 0.00000000 0.00000000 0.00000000
A-1 74,559,000.00 7.00000% 995.84183814 5.80907737 0.00000000 0.00000000
A-2 58,044,599.00 7.00000% 1000.00000000 5.83333326 0.00000000 0.00000000
A-3 21,703,256.00 7.00000% 995.97496984 5.80985406 0.00000000 0.00000000
A-4 75,000,000.00 7.50000% 983.98805413 6.14992533 0.00000000 0.00000000
A-5 19,986,000.00 7.00000% 1005.83333333 5.86736115 0.00000000 0.00000000
A-6 40,000,000.00 7.00000% 999.24571900 5.82893325 0.00000000 0.00000000
A-7 5,357,145.00 0.00000% 983.98805707 0.00000000 0.00000000 0.00000000
A-8 75,000,000.00 7.00000% 977.54665373 5.70235547 0.00000000 0.00000000
A-9 10,000,000.00 6.75000% 855.19917600 4.81049500 0.00000000 0.00000000
A-10 0.00 0.25000% 855.19917600 0.17816600 0.00000000 0.00000000
A-11 100,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
A-R 50.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
A-LR 50.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
B-1 8,207,000.00 7.00000% 999.24571951 5.82893384 0.00000000 0.00000000
B-2 3,002,000.00 7.00000% 999.24571952 5.82893404 0.00000000 0.00000000
B-3 2,002,000.00 7.00000% 999.24571928 5.82893107 0.00000000 0.00000000
B-4 1,201,000.00 7.00000% 999.24572023 5.82893422 0.00000000 0.00000000
B-5 601,000.00 7.00000% 999.24572379 5.82893511 0.00000000 0.00000000
B-6 1,000,859.21 7.00000% 999.24571809 5.82893172 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination, except Class A-R and Class A-LR, which are Per $50 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 993.15521285
A-1 0.00000000 0.00000000 5.80907737 0.00000000 990.90409126
A-2 0.00000000 0.00000000 5.83333326 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.80985406 0.00000000 991.92646025
A-4 0.00000000 0.00000000 6.14992533 0.00000000 977.49218707
A-5 0.00000000 0.00000000 5.86736115 0.00000000 1011.70069449
A-6 0.00000000 0.00000000 5.82893325 0.00000000 998.48096300
A-7 0.00000000 0.00000000 0.00000000 0.00000000 977.49219034
A-8 0.00000000 0.00000000 5.70235547 0.00000000 968.75080853
A-9 0.00000000 0.00000000 4.81049500 0.00000000 819.22803400
A-10 0.00000000 0.00000000 0.17816600 0.00000000 819.22803400
A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-R 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
A-LR 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 5.82893384 0.00000000 998.48096259
B-2 0.00000000 0.00000000 5.82893404 0.00000000 998.48096269
B-3 0.00000000 0.00000000 5.82893107 0.00000000 998.48096404
B-4 0.00000000 0.00000000 5.82893422 0.00000000 998.48096586
B-5 0.00000000 0.00000000 5.82893511 0.00000000 998.48096506
B-6 0.00000000 0.00000000 5.82893172 0.00000000 998.48098515
<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 4,270,741.14
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 41,864.94
Realized Losses 0.00
Total Deposits 4,312,606.08
Withdrawals
Reimbursement for Servicer Advances 16,650.16
Payment of Service Fee 87,630.21
Payment of Interest and Principal 4,208,325.71
Total Withdrawals (Pool Distribution Amount) 4,312,606.08
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 360.05
Servicing Fee Support 360.05
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 82,387.89
Master Servicing Fee 5,602.38
Supported Prepayment/Curtailment Interest Shortfall 360.05
Net Servicing Fee 87,630.21
</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 6 2,010,111.87 0.530035% 0.510780%
60 Days 2 724,015.91 0.176678% 0.183976%
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 8 2,734,127.78 0.706714% 0.694757%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 43.63
Cumulative Realized Losses - Includes Interest Shortfall 43.63
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 511,523.65
</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 16,013,859.21 4.00013147% 15,989,533.59 4.06302840% 95.889572% 100.000000%
Class B-1 7,806,859.21 1.95008978% 7,795,000.33 1.98075244% 2.106568% 0.000000%
Class B-2 4,804,859.21 1.20021466% 4,797,560.48 1.21908650% 0.770552% 0.000000%
Class B-3 2,802,859.21 0.70013138% 2,798,601.59 0.71114005% 0.513872% 0.000000%
Class B-4 1,601,859.21 0.40013137% 1,599,425.95 0.40642293% 0.308272% 0.000000%
Class B-5 1,000,859.21 0.25000647% 999,338.89 0.25393751% 0.154264% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.256900% 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 100,000.00 0.02497918% 100,000.00 0.02541055%
Fraud 8,006,666.45 2.00000000% 8,006,666.45 2.03453797%
Special Hazard 4,003,333.23 1.00000000% 4,003,333.23 1.01726898%
<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 7.579286%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 1,138
Number Of Loans Paid In Full 6
Ending Scheduled Collateral Loan Count 1,132
Beginning Scheduled Collateral Balance 395,465,322.45
Ending Scheduled Collateral Balance 393,537,332.75
Ending Actual Collateral Balance at 30-Nov-1999 393,082,026.03
Ending Scheduled Balance For Norwest 329,261,578.98
Ending Scheduled Balance For Other Services 64,275,753.77
Monthly P &I Constant 2,674,244.39
Class A Optimal Amount 4,097,769.50
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 257,536,271.45
Ending scheduled Balance For discounted Loans 136,001,061.30
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 346,517,090.24
Greater Than 80%, less than or equal to 85% 5,939,642.51
Greater than 85%, less than or equal to 95% 41,146,760.44
Greater than 95% 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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