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Previous: CHICAGO MERCANTILE EXCHANGE INC, S-4/A, 2000-04-07 |
Next: OPTION ONE MORT ACCEP CORP ASSET BACKED CERT SER 2000-1, 8-K, 2000-04-07 |
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): March 27, 2000
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 2000-1 Trust
New York (governing law of 333-65481-32 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 March 27, 2000 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2000-1
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
2000-1 Trust, relating to the March 27,
2000 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 2000-1 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 4/5/00
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 2000-1 Trust, relating to the March 27,
2000 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 2/29/00
Distribution Date: 3/27/00
NASCOR Series: 2000-1
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>
I-A-PO NMB001PO1 PO 0.00000% 932,096.10 0.00 886.64
I-A-1 66937RT90 SEQ 7.25000% 60,823,840.69 367,477.37 870,767.46
I-A-2 66937RU23 SEQ 7.25000% 39,340,756.38 237,683.74 835,605.61
I-A-3 66937RU31 SEQ 7.25000% 19,755,900.00 119,358.56 0.00
I-A-4 66937RU49 SEQ 7.25000% 16,798,400.00 101,490.33 0.00
I-A-5 66937RU56 SEQ 7.25000% 19,027,000.00 114,954.79 0.00
I-A-6 66937RU64 SEQ 7.25000% 8,500,000.00 51,354.17 0.00
I-AR 66937RU72 R 7.25000% 0.00 0.00 0.00
II-A-PO NMB001PO2 PO 0.00000% 214,135.36 0.00 210.34
II-A-1 66937RU80 SEQ 7.25000% 20,083,851.03 121,339.93 18,838.30
II-A-2 66937RU98 SEQ 7.25000% 3,256,600.00 19,675.29 0.00
B-1 66937RV22 SUB 7.25000% 3,608,521.19 21,801.48 2,536.65
B-2 66937RV30 SUB 7.25000% 1,503,966.88 9,086.47 1,057.23
B-3 66937RV48 SUB 7.25000% 901,380.81 5,445.84 633.63
B-4 66937RV55 SUB 7.25000% 601,586.75 3,634.59 422.89
B-5 66937RV63 SUB 7.25000% 401,724.04 2,427.08 282.40
B-6 66937RV71 SUB 7.25000% 501,319.63 3,028.81 337.04
Totals 196,251,078.86 1,178,758.45 1,731,578.19
</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-PO 0.00 931,209.46 886.64 0.00
I-A-1 0.00 59,953,073.24 1,238,244.83 0.00
I-A-2 0.00 38,505,150.76 1,073,289.35 0.00
I-A-3 0.00 19,755,900.00 119,358.56 0.00
I-A-4 0.00 16,798,400.00 101,490.33 0.00
I-A-5 0.00 19,027,000.00 114,954.79 0.00
I-A-6 0.00 8,500,000.00 51,354.17 0.00
I-AR 0.00 0.00 0.00 0.00
II-A-PO 0.00 213,925.02 210.34 0.00
II-A-1 0.00 20,065,012.73 140,178.23 0.00
II-A-2 0.00 3,256,600.00 19,675.29 0.00
B-1 0.00 3,605,984.54 24,338.13 0.00
B-2 0.00 1,502,909.65 10,143.70 0.00
B-3 0.00 900,747.18 6,079.47 0.00
B-4 0.00 601,163.86 4,057.48 0.00
B-5 0.00 401,441.65 2,709.48 0.00
B-6 15.36 500,967.22 3,365.85 287.60
Totals 15.36 194,519,485.31 2,910,336.64 287.60
<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-PO 1,034,410.75 932,096.10 794.71 91.93 0.00 0.00
I-A-1 62,731,000.00 60,823,840.69 58,750.56 812,016.89 0.00 0.00
I-A-2 41,171,000.00 39,340,756.38 56,378.20 779,227.42 0.00 0.00
I-A-3 19,755,900.00 19,755,900.00 0.00 0.00 0.00 0.00
I-A-4 16,798,400.00 16,798,400.00 0.00 0.00 0.00 0.00
I-A-5 19,027,000.00 19,027,000.00 0.00 0.00 0.00 0.00
I-A-6 8,500,000.00 8,500,000.00 0.00 0.00 0.00 0.00
I-AR 100.00 0.00 0.00 0.00 0.00 0.00
II-A-PO 214,378.78 214,135.36 181.69 28.65 0.00 0.00
II-A-1 20,616,000.00 20,083,851.03 16,736.04 2,102.25 0.00 0.00
II-A-2 3,256,600.00 3,256,600.00 0.00 0.00 0.00 0.00
B-1 3,611,000.00 3,608,521.19 2,536.65 0.00 0.00 0.00
B-2 1,505,000.00 1,503,966.88 1,057.23 0.00 0.00 0.00
B-3 902,000.00 901,380.81 633.63 0.00 0.00 0.00
B-4 602,000.00 601,586.75 422.89 0.00 0.00 0.00
B-5 402,000.00 401,724.04 282.40 0.00 0.00 0.00
B-6 501,663.99 501,319.63 337.04 0.00 0.00 15.36
Totals 200,628,453.52 196,251,078.86 138,111.04 1,593,467.14 0.00 15.36
<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-PO 886.64 931,209.46 0.90023181 886.64
I-A-1 870,767.46 59,953,073.24 0.95571684 870,767.46
I-A-2 835,605.61 38,505,150.76 0.93524934 835,605.61
I-A-3 0.00 19,755,900.00 1.00000000 0.00
I-A-4 0.00 16,798,400.00 1.00000000 0.00
I-A-5 0.00 19,027,000.00 1.00000000 0.00
I-A-6 0.00 8,500,000.00 1.00000000 0.00
I-AR 0.00 0.00 0.00000000 0.00
II-A-PO 210.34 213,925.02 0.99788337 210.34
II-A-1 18,838.30 20,065,012.73 0.97327380 18,838.30
II-A-2 0.00 3,256,600.00 1.00000000 0.00
B-1 2,536.65 3,605,984.54 0.99861106 2,536.65
B-2 1,057.23 1,502,909.65 0.99861106 1,057.23
B-3 633.63 900,747.18 0.99861106 633.63
B-4 422.89 601,163.86 0.99861106 422.89
B-5 282.40 401,441.65 0.99861107 282.40
B-6 352.40 500,967.22 0.99861108 337.04
Totals 1,731,593.55 194,519,485.31 0.96955084 1,731,578.19
</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-PO 1,034,410.75 901.08895330 0.76827314 0.08887185 0.00000000
I-A-1 62,731,000.00 969.59781751 0.93654748 12.94442764 0.00000000
I-A-2 41,171,000.00 955.54532025 1.36936679 18.92660902 0.00000000
I-A-3 19,755,900.00 1000.00000000 0.00000000 0.00000000 0.00000000
I-A-4 16,798,400.00 1000.00000000 0.00000000 0.00000000 0.00000000
I-A-5 19,027,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
I-A-6 8,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
I-AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
II-A-PO 214,378.78 998.86453314 0.84751858 0.13364196 0.00000000
II-A-1 20,616,000.00 974.18757421 0.81179860 0.10197177 0.00000000
II-A-2 3,256,600.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 3,611,000.00 999.31353919 0.70247854 0.00000000 0.00000000
B-2 1,505,000.00 999.31354153 0.70247841 0.00000000 0.00000000
B-3 902,000.00 999.31353659 0.70247228 0.00000000 0.00000000
B-4 602,000.00 999.31353821 0.70247508 0.00000000 0.00000000
B-5 402,000.00 999.31353234 0.70248756 0.00000000 0.00000000
B-6 501,663.99 999.31356444 0.67184412 0.00000000 0.00000000
<FN>
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-PO 0.00000000 0.85714500 900.23180830 0.90023181 0.85714500
I-A-1 0.00000000 13.88097528 955.71684239 0.95571684 13.88097528
I-A-2 0.00000000 20.29597557 935.24934444 0.93524934 20.29597557
I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
I-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
I-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
I-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
I-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
II-A-PO 0.00000000 0.98116054 997.88337260 0.99788337 0.98116054
II-A-1 0.00000000 0.91377086 973.27380336 0.97327380 0.91377086
II-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-1 0.00000000 0.70247854 998.61106065 0.99861106 0.70247854
B-2 0.00000000 0.70247841 998.61106312 0.99861106 0.70247841
B-3 0.00000000 0.70247228 998.61106430 0.99861106 0.70247228
B-4 0.00000000 0.70247508 998.61106312 0.99861106 0.70247508
B-5 0.00000000 0.70248756 998.61106965 0.99861107 0.70248756
B-6 0.03061810 0.70246222 998.61108229 0.99861108 0.67184412
<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-PO 1,034,410.75 0.00000% 932,096.10 0.00 0.00 0.00
I-A-1 62,731,000.00 7.25000% 60,823,840.69 367,477.37 0.00 0.00
I-A-2 41,171,000.00 7.25000% 39,340,756.38 237,683.74 0.00 0.00
I-A-3 19,755,900.00 7.25000% 19,755,900.00 119,358.56 0.00 0.00
I-A-4 16,798,400.00 7.25000% 16,798,400.00 101,490.33 0.00 0.00
I-A-5 19,027,000.00 7.25000% 19,027,000.00 114,954.79 0.00 0.00
I-A-6 8,500,000.00 7.25000% 8,500,000.00 51,354.17 0.00 0.00
I-AR 100.00 7.25000% 0.00 0.00 0.00 0.00
II-A-PO 214,378.78 0.00000% 214,135.36 0.00 0.00 0.00
II-A-1 20,616,000.00 7.25000% 20,083,851.03 121,339.93 0.00 0.00
II-A-2 3,256,600.00 7.25000% 3,256,600.00 19,675.29 0.00 0.00
B-1 3,611,000.00 7.25000% 3,608,521.19 21,801.48 0.00 0.00
B-2 1,505,000.00 7.25000% 1,503,966.88 9,086.47 0.00 0.00
B-3 902,000.00 7.25000% 901,380.81 5,445.84 0.00 0.00
B-4 602,000.00 7.25000% 601,586.75 3,634.59 0.00 0.00
B-5 402,000.00 7.25000% 401,724.04 2,427.08 0.00 0.00
B-6 501,663.99 7.25000% 501,319.63 3,028.81 0.00 0.00
Totals 200,628,453.52 1,178,758.45 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-PO 0.00 0.00 0.00 0.00 931,209.46
I-A-1 0.00 0.00 367,477.37 0.00 59,953,073.24
I-A-2 0.00 0.00 237,683.74 0.00 38,505,150.76
I-A-3 0.00 0.00 119,358.56 0.00 19,755,900.00
I-A-4 0.00 0.00 101,490.33 0.00 16,798,400.00
I-A-5 0.00 0.00 114,954.79 0.00 19,027,000.00
I-A-6 0.00 0.00 51,354.17 0.00 8,500,000.00
I-AR 0.00 0.00 0.00 0.00 0.00
II-A-PO 0.00 0.00 0.00 0.00 213,925.02
II-A-1 0.00 0.00 121,339.93 0.00 20,065,012.73
II-A-2 0.00 0.00 19,675.29 0.00 3,256,600.00
B-1 0.00 0.00 21,801.48 0.00 3,605,984.54
B-2 0.00 0.00 9,086.47 0.00 1,502,909.65
B-3 0.00 0.00 5,445.84 0.00 900,747.18
B-4 0.00 0.00 3,634.59 0.00 601,163.86
B-5 0.00 0.00 2,427.08 0.00 401,441.65
B-6 0.00 0.00 3,028.81 0.00 500,967.22
Totals 0.00 0.00 1,178,758.45 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-PO 1,034,410.75 0.00000% 901.08895330 0.00000000 0.00000000 0.00000000
I-A-1 62,731,000.00 7.25000% 969.59781751 5.85798680 0.00000000 0.00000000
I-A-2 41,171,000.00 7.25000% 955.54532025 5.77308640 0.00000000 0.00000000
I-A-3 19,755,900.00 7.25000% 1000.00000000 6.04166654 0.00000000 0.00000000
I-A-4 16,798,400.00 7.25000% 1000.00000000 6.04166647 0.00000000 0.00000000
I-A-5 19,027,000.00 7.25000% 1000.00000000 6.04166658 0.00000000 0.00000000
I-A-6 8,500,000.00 7.25000% 1000.00000000 6.04166706 0.00000000 0.00000000
I-AR 100.00 7.25000% 0.00000000 0.00000000 0.00000000 0.00000000
II-A-PO 214,378.78 0.00000% 998.86453314 0.00000000 0.00000000 0.00000000
II-A-1 20,616,000.00 7.25000% 974.18757421 5.88571643 0.00000000 0.00000000
II-A-2 3,256,600.00 7.25000% 1000.00000000 6.04166615 0.00000000 0.00000000
B-1 3,611,000.00 7.25000% 999.31353919 6.03751869 0.00000000 0.00000000
B-2 1,505,000.00 7.25000% 999.31354153 6.03752159 0.00000000 0.00000000
B-3 902,000.00 7.25000% 999.31353659 6.03751663 0.00000000 0.00000000
B-4 602,000.00 7.25000% 999.31353821 6.03752492 0.00000000 0.00000000
B-5 402,000.00 7.25000% 999.31353234 6.03751244 0.00000000 0.00000000
B-6 501,663.99 7.25000% 999.31356444 6.03752723 0.00000000 0.00000000
<FN>
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-PO 0.00000000 0.00000000 0.00000000 0.00000000 900.23180830
I-A-1 0.00000000 0.00000000 5.85798680 0.00000000 955.71684239
I-A-2 0.00000000 0.00000000 5.77308640 0.00000000 935.24934444
I-A-3 0.00000000 0.00000000 6.04166654 0.00000000 1000.00000000
I-A-4 0.00000000 0.00000000 6.04166647 0.00000000 1000.00000000
I-A-5 0.00000000 0.00000000 6.04166658 0.00000000 1000.00000000
I-A-6 0.00000000 0.00000000 6.04166706 0.00000000 1000.00000000
I-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
II-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 997.88337260
II-A-1 0.00000000 0.00000000 5.88571643 0.00000000 973.27380336
II-A-2 0.00000000 0.00000000 6.04166615 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 6.03751869 0.00000000 998.61106065
B-2 0.00000000 0.00000000 6.03752159 0.00000000 998.61106312
B-3 0.00000000 0.00000000 6.03751663 0.00000000 998.61106430
B-4 0.00000000 0.00000000 6.03752492 0.00000000 998.61106312
B-5 0.00000000 0.00000000 6.03751244 0.00000000 998.61106965
B-6 0.00000000 0.00000000 6.03752723 0.00000000 998.61108229
<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 22,396.29
Deposits
Payments of Interest and Principal 2,939,543.87
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 2,939,543.87
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 43,480.08
Payment of Interest and Principal 2,910,336.64
Total Withdrawals (Pool Distribution Amount) 2,953,816.72
Ending Balance 8,123.38
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 185.41
Servicing Fee Support 185.41
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 40,885.29
Master Servicing Fee 2,780.20
Supported Prepayment/Curtailment Interest Shortfall 185.41
Net Servicing Fee 43,480.08
</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 1,396,117.06 0.720721% 0.717726%
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 4 1,396,117.06 0.720721% 0.717726%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 15.36
Cumulative Realized Losses - Includes Interest Shortfall 287.60
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 142,563.41
</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-1 136,863,042.77 68.21716480% 133,635,202.61 68.70016256% 31.003633% 0.000000%
Class I-A-2 95,692,042.77 47.69614733% 95,130,051.85 48.90515297% 19.912233% 0.000000%
Class I-A-3 75,936,142.77 37.84913926% 75,374,151.85 38.74889538% 10.216401% 0.000000%
Class I-A-4 59,137,742.77 29.47624912% 58,575,751.85 30.11305102% 8.686985% 0.000000%
Class I-A-5 40,110,742.77 19.99254944% 39,548,751.85 20.33151167% 9.839464% 0.000000%
Class I-A-6 31,610,742.77 15.75586225% 31,048,751.85 15.96176949% 4.395619% 0.000000%
Class I-AR 31,610,642.77 15.75581241% 31,048,751.85 15.96176949% 0.000000% 0.000000%
Class II-A- 10,780,263.99 5.37324781% 10,769,814.10 5.53662482% 10.376253% 0.000000%
Class II-A- 7,523,663.99 3.75004834% 7,513,214.10 3.86244807% 1.684091% 0.000000%
Class B-1 3,912,663.99 1.95020393% 3,907,229.56 2.00865716% 1.864769% 0.000000%
Class B-2 2,407,663.99 1.20006108% 2,404,319.91 1.23603037% 0.777202% 0.000000%
Class B-3 1,505,663.99 0.75047381% 1,503,572.73 0.77296767% 0.465805% 0.000000%
Class B-4 903,663.99 0.45041667% 902,408.87 0.46391695% 0.310881% 0.000000%
Class B-5 501,663.99 0.25004628% 500,967.22 0.25754089% 0.207598% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.259066% 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 0.04984338% 100,000.00 0.05140873%
Fraud 4,012,569.07 2.00000000% 4,012,569.07 2.06281086%
Special Hazard 2,006,284.54 1.00000000% 2,006,284.54 1.03140543%
<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 7.987055%
Weighted Average Pass-Through Rate 7.250000%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 558
Number Of Loans Paid In Full 3
Ending Scheduled Collateral Loan Count 555
Beginning Scheduled Collateral Balance 196,251,078.85
Ending Scheduled Collateral Balance 194,519,485.30
Ending Actual Collateral Balance at 29-Feb-2000 195,858,016.89
Ending Scheduled Balance For Norwest 183,329,415.12
Ending Scheduled Balance For Other Services 11,190,070.18
Monthly P &I Constant 1,361,266.03
Class A Optimal Amount 2,858,545.54
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 157,770,658.60
Ending scheduled Balance For discounted Loans 36,748,826.70
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 161,123,177.87
Greater Than 80%, less than or equal to 85% 4,384,606.23
Greater than 85%, less than or equal to 95% 27,915,468.98
Greater than 95% 1,105,253.14
</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 8.021109 7.748242
Weighted Average Net Rate 7.210668 7.186615
Weighted Average Maturity 355.00 357.00
Beginning Loan Count 489 69 558
Loans Paid In Full 3 0 3
Ending Loan Count 486 69 555
Beginning Scheduled Balance 171,758,687.66 24,492,391.19 196,251,078.85
Ending scheduled Balance 170,046,815.19 24,472,670.11 194,519,485.30
Record Date 2/29/00 2/29/00
Principal And Interest Constant 1,191,545.13 169,720.90 1,361,266.03
Scheduled Principal 120,536.23 17,590.18 138,126.41
Unscheduled Principal 1,591,336.24 2,130.90 1,593,467.14
Scheduled Interest 1,070,284.96 152,130.72 1,222,415.68
Servicing Fees 35,782.71 5,102.58 40,885.29
Master Servicing Fees 2,433.22 346.98 2,780.20
Trustee Fee 0.00 0.00 0.00
FRY Amount 77,783.13 6,013.43 83,796.56
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 954,285.89 140,667.73 1,094,953.62
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 1,396,117.06 0.00 0.00 0.00 0.00 0.00
Percentage Of Balance 0.821% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 4 0 0 0 0 0
Percentage Of Loans 0.823% 0.000% 0.000% 0.000% 0.000% 0.000%
2 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%
Totals:Principal Balance 1,396,117.06 0.00 0.00 0.00 0.00 0.00
Percentage of Balance 0.718% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 4 0 0 0 0 0
Percentage Of Loans 0.721% 0.000% 0.000% 0.000% 0.000% 0.000%
</TABLE>
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