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Previous: TRAVELOCITY COM INC, S-8, 2000-03-13 |
Next: OPTION ONE MORT ACCEP CORP ASSET BACKED CERT SER 2000-1, 8-K, 2000-03-13 |
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): February 25, 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 February 25, 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 February 25,
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: 2/28/00
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 February 25,
2000 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 1/31/00
Distribution Date: 2/25/00
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% 1,034,410.75 0.00 102,314.65
I-A-1 66937RT90 SEQ 7.25000% 62,731,000.00 378,999.79 1,907,159.31
I-A-2 66937RU23 SEQ 7.25000% 41,171,000.00 248,741.46 1,830,243.62
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% 100.00 0.60 100.00
II-A-PO NMB001PO2 PO 0.00000% 214,378.78 0.00 243.42
II-A-1 66937RU80 SEQ 7.25000% 20,616,000.00 124,555.00 532,148.97
II-A-2 66937RU98 SEQ 7.25000% 3,256,600.00 19,675.29 0.00
B-1 66937RV22 SUB 7.25000% 3,611,000.00 21,816.46 2,478.81
B-2 66937RV30 SUB 7.25000% 1,505,000.00 9,092.71 1,033.12
B-3 66937RV48 SUB 7.25000% 902,000.00 5,449.58 619.19
B-4 66937RV55 SUB 7.25000% 602,000.00 3,637.08 413.25
B-5 66937RV63 SUB 7.25000% 402,000.00 2,428.75 275.96
B-6 66937RV71 SUB 7.25000% 501,663.99 3,030.89 72.12
Totals 200,628,453.52 1,204,585.46 4,377,102.42
</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 0.00 932,096.10 102,314.65 0.00
I-A-1 0.00 60,823,840.69 2,286,159.10 0.00
I-A-2 0.00 39,340,756.38 2,078,985.08 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 0.00 100.60 0.00
II-A-PO 0.00 214,135.36 243.42 0.00
II-A-1 0.00 20,083,851.03 656,703.97 0.00
II-A-2 0.00 3,256,600.00 19,675.29 0.00
B-1 0.00 3,608,521.19 24,295.27 0.00
B-2 0.00 1,503,966.88 10,125.83 0.00
B-3 0.00 901,380.81 6,068.77 0.00
B-4 0.00 601,586.75 4,050.33 0.00
B-5 0.00 401,724.04 2,704.71 0.00
B-6 272.24 501,319.63 3,103.01 272.24
Totals 272.24 196,251,078.86 5,581,687.88 272.24
<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 1,034,410.75 789.25 101,525.40 0.00 0.00
I-A-1 62,731,000.00 62,731,000.00 58,722.18 1,848,437.13 0.00 0.00
I-A-2 41,171,000.00 41,171,000.00 56,353.91 1,773,889.71 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 100.00 100.00 3.08 96.92 0.00 0.00
II-A-PO 214,378.78 214,378.78 180.46 62.97 0.00 0.00
II-A-1 20,616,000.00 20,616,000.00 16,621.78 515,527.19 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 3,611,000.00 2,478.81 0.00 0.00 0.00
B-2 1,505,000.00 1,505,000.00 1,033.12 0.00 0.00 0.00
B-3 902,000.00 902,000.00 619.19 0.00 0.00 0.00
B-4 602,000.00 602,000.00 413.25 0.00 0.00 0.00
B-5 402,000.00 402,000.00 275.96 0.00 0.00 0.00
B-6 501,663.99 501,663.99 72.12 0.00 0.00 272.24
Totals 200,628,453.52 200,628,453.52 137,563.11 4,239,539.32 0.00 272.24
<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 102,314.65 932,096.10 0.90108895 102,314.65
I-A-1 1,907,159.31 60,823,840.69 0.96959782 1,907,159.31
I-A-2 1,830,243.62 39,340,756.38 0.95554532 1,830,243.62
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 100.00 0.00 0.00000000 100.00
II-A-PO 243.42 214,135.36 0.99886453 243.42
II-A-1 532,148.97 20,083,851.03 0.97418757 532,148.97
II-A-2 0.00 3,256,600.00 1.00000000 0.00
B-1 2,478.81 3,608,521.19 0.99931354 2,478.81
B-2 1,033.12 1,503,966.88 0.99931354 1,033.12
B-3 619.19 901,380.81 0.99931354 619.19
B-4 413.25 601,586.75 0.99931354 413.25
B-5 275.96 401,724.04 0.99931353 275.96
B-6 344.36 501,319.63 0.99931356 72.12
Totals 4,377,374.66 196,251,078.86 0.97818169 4,377,102.42
</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 1000.00000000 0.76299478 98.14805192 0.00000000
I-A-1 62,731,000.00 1000.00000000 0.93609507 29.46608742 0.00000000
I-A-2 41,171,000.00 1000.00000000 1.36877681 43.08590294 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 1000.00000000 30.80000000 969.20000000 0.00000000
II-A-PO 214,378.78 1000.00000000 0.84178108 0.29373243 0.00000000
II-A-1 20,616,000.00 1000.00000000 0.80625631 25.00616948 0.00000000
II-A-2 3,256,600.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 3,611,000.00 1000.00000000 0.68646081 0.00000000 0.00000000
B-2 1,505,000.00 1000.00000000 0.68645847 0.00000000 0.00000000
B-3 902,000.00 1000.00000000 0.68646341 0.00000000 0.00000000
B-4 602,000.00 1000.00000000 0.68646179 0.00000000 0.00000000
B-5 402,000.00 1000.00000000 0.68646766 0.00000000 0.00000000
B-6 501,663.99 1000.00000000 0.14376156 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 98.91104670 901.08895330 0.90108895 98.91104670
I-A-1 0.00000000 30.40218249 969.59781751 0.96959782 30.40218249
I-A-2 0.00000000 44.45467975 955.54532025 0.95554532 44.45467975
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 1000.00000000 0.00000000 0.00000000 1000.00000000
II-A-PO 0.00000000 1.13546686 998.86453314 0.99886453 1.13546686
II-A-1 0.00000000 25.81242579 974.18757421 0.97418757 25.81242579
II-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-1 0.00000000 0.68646081 999.31353919 0.99931354 0.68646081
B-2 0.00000000 0.68645847 999.31354153 0.99931354 0.68645847
B-3 0.00000000 0.68646341 999.31353659 0.99931354 0.68646341
B-4 0.00000000 0.68646179 999.31353821 0.99931354 0.68646179
B-5 0.00000000 0.68646766 999.31353234 0.99931353 0.68646766
B-6 0.54267399 0.68643556 999.31356444 0.99931356 0.14376156
<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% 1,034,410.75 0.00 0.00 0.00
I-A-1 62,731,000.00 7.25000% 62,731,000.00 378,999.79 0.00 0.00
I-A-2 41,171,000.00 7.25000% 41,171,000.00 248,741.46 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% 100.00 0.60 0.00 0.00
II-A-PO 214,378.78 0.00000% 214,378.78 0.00 0.00 0.00
II-A-1 20,616,000.00 7.25000% 20,616,000.00 124,555.00 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% 3,611,000.00 21,816.46 0.00 0.00
B-2 1,505,000.00 7.25000% 1,505,000.00 9,092.71 0.00 0.00
B-3 902,000.00 7.25000% 902,000.00 5,449.58 0.00 0.00
B-4 602,000.00 7.25000% 602,000.00 3,637.08 0.00 0.00
B-5 402,000.00 7.25000% 402,000.00 2,428.75 0.00 0.00
B-6 501,663.99 7.25000% 501,663.99 3,030.89 0.00 0.00
Totals 200,628,453.52 1,204,585.46 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 0.00 932,096.10
I-A-1 0.00 0.00 378,999.79 0.00 60,823,840.69
I-A-2 0.00 0.00 248,741.46 0.00 39,340,756.38
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 0.60 0.00 0.00
II-A-PO 0.00 0.00 0.00 0.00 214,135.36
II-A-1 0.00 0.00 124,555.00 0.00 20,083,851.03
II-A-2 0.00 0.00 19,675.29 0.00 3,256,600.00
B-1 0.00 0.00 21,816.46 0.00 3,608,521.19
B-2 0.00 0.00 9,092.71 0.00 1,503,966.88
B-3 0.00 0.00 5,449.58 0.00 901,380.81
B-4 0.00 0.00 3,637.08 0.00 601,586.75
B-5 0.00 0.00 2,428.75 0.00 401,724.04
B-6 0.00 0.00 3,030.89 0.00 501,319.63
Totals 0.00 0.00 1,204,585.46 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% 1000.00000000 0.00000000 0.00000000 0.00000000
I-A-1 62,731,000.00 7.25000% 1000.00000000 6.04166664 0.00000000 0.00000000
I-A-2 41,171,000.00 7.25000% 1000.00000000 6.04166671 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% 1000.00000000 6.00000000 0.00000000 0.00000000
II-A-PO 214,378.78 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
II-A-1 20,616,000.00 7.25000% 1000.00000000 6.04166667 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% 1000.00000000 6.04166713 0.00000000 0.00000000
B-2 1,505,000.00 7.25000% 1000.00000000 6.04166777 0.00000000 0.00000000
B-3 902,000.00 7.25000% 1000.00000000 6.04166297 0.00000000 0.00000000
B-4 602,000.00 7.25000% 1000.00000000 6.04166113 0.00000000 0.00000000
B-5 402,000.00 7.25000% 1000.00000000 6.04166667 0.00000000 0.00000000
B-6 501,663.99 7.25000% 1000.00000000 6.04167343 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 901.08895330
I-A-1 0.00000000 0.00000000 6.04166664 0.00000000 969.59781751
I-A-2 0.00000000 0.00000000 6.04166671 0.00000000 955.54532025
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 6.00000000 0.00000000 0.00000000
II-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 998.86453314
II-A-1 0.00000000 0.00000000 6.04166667 0.00000000 974.18757421
II-A-2 0.00000000 0.00000000 6.04166615 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 6.04166713 0.00000000 999.31353919
B-2 0.00000000 0.00000000 6.04166777 0.00000000 999.31354153
B-3 0.00000000 0.00000000 6.04166297 0.00000000 999.31353659
B-4 0.00000000 0.00000000 6.04166113 0.00000000 999.31353821
B-5 0.00000000 0.00000000 6.04166667 0.00000000 999.31353234
B-6 0.00000000 0.00000000 6.04167343 0.00000000 999.31356444
<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 5,209,725.35
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 434,308.21
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 5,644,033.56
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 39,949.37
Payment of Interest and Principal 5,581,687.90
Total Withdrawals (Pool Distribution Amount) 5,621,637.27
Ending Balance 22,396.29
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 4,684.90
Servicing Fee Support 4,684.90
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 41,792.39
Master Servicing Fee 2,841.88
Supported Prepayment/Curtailment Interest Shortfall 4,684.90
Net Servicing Fee 39,949.37
</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 2 674,937.66 0.358423% 0.343915%
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 2 674,937.66 0.358423% 0.343915%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 272.24
Cumulative Realized Losses - Includes Interest Shortfall 272.24
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 127,478.44
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% 134,495,142.07 68.53217973% 31.174951% 0.000000%
Class I-A-2 95,692,042.77 47.69614733% 95,154,385.69 48.48604464% 20.163905% 0.000000%
Class I-A-3 75,936,142.77 37.84913926% 75,398,485.69 38.41939934% 10.125786% 0.000000%
Class I-A-4 59,137,742.77 29.47624912% 58,600,085.69 29.85975213% 8.609935% 0.000000%
Class I-A-5 40,110,742.77 19.99254944% 39,573,085.69 20.16451880% 9.752192% 0.000000%
Class I-A-6 31,610,742.77 15.75586225% 31,073,085.69 15.83333242% 4.356632% 0.000000%
Class I-AR 31,610,642.77 15.75581241% 31,073,085.69 15.83333242% 0.000000% 0.000000%
Class II-A- 10,780,263.99 5.37324781% 10,775,099.30 5.49046628% 10.293876% 0.000000%
Class II-A- 7,523,663.99 3.75004834% 7,518,499.30 3.83106139% 1.669154% 0.000000%
Class B-1 3,912,663.99 1.95020393% 3,909,978.11 1.99233458% 1.849529% 0.000000%
Class B-2 2,407,663.99 1.20006108% 2,406,011.23 1.22598624% 0.770851% 0.000000%
Class B-3 1,505,663.99 0.75047381% 1,504,630.42 0.76668645% 0.461998% 0.000000%
Class B-4 903,663.99 0.45041667% 903,043.67 0.46014711% 0.308340% 0.000000%
Class B-5 501,663.99 0.25004628% 501,319.63 0.25544809% 0.205902% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.256949% 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 0.05095513%
Fraud 4,012,569.07 2.00000000% 4,012,569.07 2.04460994%
Special Hazard 2,006,284.54 1.00000000% 2,006,284.54 1.02230497%
<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 7.988354%
Weighted Average Pass-Through Rate 7.250000%
Weighted Average Maturity(Stepdown Calculation ) 356
Beginning Scheduled Collateral Loan Count 566
Number Of Loans Paid In Full 8
Ending Scheduled Collateral Loan Count 558
Beginning Scheduled Collateral Balance 200,628,453.52
Ending Scheduled Collateral Balance 196,251,078.85
Ending Actual Collateral Balance at 31-Jan-2000 196,398,069.78
Ending Scheduled Balance For Norwest Serviced 185,051,678.87
Ending Scheduled Balance For Other Servicers 11,199,399.98
Monthly P &I Constant 1,390,154.52
Class A Optimal Amount 5,428,781.89
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 159,467,643.89
Ending scheduled Balance For discounted Loans 36,783,434.96
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 162,828,228.22
Greater Than 80%, less than or equal to 85% 4,387,218.70
Greater than 85%, less than or equal to 95% 27,935,658.42
Greater than 95% 1,106,015.94
</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 8.022580 7.748219
Weighted Average Net Rate 7.206525 7.187901
Weighted Average Maturity 356.00 358.00
Beginning Loan Count 496 70 566
Loans Paid In Full 7 1 8
Ending Loan Count 489 69 558
Beginning Scheduled Balance 175,603,016.52 25,025,437.00 200,628,453.52
Ending scheduled Balance 171,758,687.66 24,492,391.19 196,251,078.85
Record Date 1/31/00 1/31/00
Principal And Interest Constant 1,216,868.39 173,286.13 1,390,154.52
Scheduled Principal 120,379.70 17,455.66 137,835.36
Unscheduled Principal 3,723,949.16 515,590.15 4,239,539.31
Scheduled Interest 1,093,490.74 155,466.70 1,248,957.44
Servicing Fees 36,578.81 5,213.57 41,792.39
Master Servicing Fees 2,487.36 354.52 2,841.88
Trustee Fee 0.00 0.00 0.00
FRY Amount 80,335.12 6,116.94 86,452.06
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 974,089.45 143,781.66 1,117,871.11
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized 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 674,937.66 0.00 0.00 0.00 0.00 0.00
Percentage Of Balance 0.393% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 2 0 0 0 0 0
Percentage Of Loans 0.409% 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 674,937.66 0.00 0.00 0.00 0.00 0.00
Percentage of Balance 0.344% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 2 0 0 0 0 0
Percentage Of Loans 0.358% 0.000% 0.000% 0.000% 0.000% 0.000%
</TABLE>
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