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Previous: MOLECULAR DIAGNOSTICS & THERAPEUTICS INC, SB-2/A, 2000-05-09 |
Next: EQUITY INVESTOR FUND SEL S&P IND PORT 2000 SERIES C DAF, 497, 2000-05-09 |
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): April 25, 2000
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 2000-2 Trust
New York (governing law of 333-65481-33 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 April 25, 2000 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2000-2
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
2000-2 Trust, relating to the April 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 2000-2 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri Sharps, Vice President
By: Sherri Sharps, Vice President
Date: 5/3/00
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 2000-2 Trust, relating to the April 25,
2000 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 3/31/00
Distribution Date: 4/25/00
NASCOR Series: 2000-2
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 NMB0002PO PO 0.00000% 1,801,599.78 0.00 3,538.93
A-1 66937RV89 PAC 7.50000% 99,506,000.00 621,912.50 286,632.15
A-2 66937RV97 SEQ 7.50000% 23,309,000.00 145,681.25 -145,681.25
A-3 66937RW21 SEQ 8.00000% 10,130,000.00 67,533.33 0.00
A-4 66937RW39 SEQ 7.50000% 38,079,000.00 237,993.75 0.00
A-5 66937RW47 SEQ 6.25000% 14,877,000.00 77,484.37 0.00
A-6 66937RX79 SEQ 7.75000% 14,877,000.00 96,080.62 0.00
A-7 66937RW54 SCH AD 7.50000% 75,000,000.00 468,750.00 790,441.00
A-8 66937RW62 COMP 7.50000% 2,272,000.00 14,200.00 2,272,000.00
A-9 66937RW70 SCH AD 7.50000% 29,704,000.00 185,650.00 318,498.39
A-10 66937RW88 PAC 7.50000% 34,868,000.00 217,925.00 92,509.77
A-11 66937RW96 COMP 7.50000% 828,000.00 5,175.00 828,000.00
A-12 66937RX20 SEQ 8.00000% 19,624,000.00 130,826.67 0.00
A-R 66937RX38 R 7.50000% 100.00 0.62 100.00
B-1 66937RX46 MEZ 7.50000% 7,222,000.00 45,137.50 4,849.57
B-2 66937RX53 SUB 7.50000% 3,231,000.00 20,193.75 2,169.62
B-3 66937RX61 SUB 7.50000% 1,900,000.00 11,875.00 1,275.85
B-4 66937RX87 SUB 7.50000% 1,140,000.00 7,125.00 765.51
B-5 66937RX95 SUB 7.50000% 761,000.00 4,756.25 511.01
B-6 66937RY29 SUB 7.50000% 950,212.79 5,825.20 0.00
Totals 380,079,912.57 2,364,125.81 4,455,610.55
</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 1,798,060.85 3,538.93 0.00
A-1 0.00 99,219,367.85 908,544.65 0.00
A-2 0.00 23,454,681.25 0.00 0.00
A-3 0.00 10,130,000.00 67,533.33 0.00
A-4 0.00 38,079,000.00 237,993.75 0.00
A-5 0.00 14,877,000.00 77,484.37 0.00
A-6 0.00 14,877,000.00 96,080.62 0.00
A-7 0.00 74,209,559.00 1,259,191.00 0.00
A-8 0.00 0.00 2,286,200.00 0.00
A-9 0.00 29,385,501.61 504,148.39 0.00
A-10 0.00 34,775,490.23 310,434.77 0.00
A-11 0.00 0.00 833,175.00 0.00
A-12 0.00 19,624,000.00 130,826.67 0.00
A-R 0.00 0.00 100.62 0.00
B-1 0.00 7,217,150.43 49,987.07 0.00
B-2 0.00 3,228,830.38 22,363.37 0.00
B-3 0.00 1,898,724.15 13,150.85 0.00
B-4 0.00 1,139,234.49 7,890.51 0.00
B-5 0.00 760,488.99 5,267.26 0.00
B-6 638.07 949,574.72 5,825.20 638.07
Totals 638.07 375,623,663.95 6,819,736.36 638.07
<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 1,801,599.78 1,801,599.78 1,448.79 2,090.14 0.00 0.00
A-1 99,506,000.00 99,506,000.00 15,730.37 270,901.78 0.00 0.00
A-2 23,309,000.00 23,309,000.00 0.00 0.00 -145,681.25 0.00
A-3 10,130,000.00 10,130,000.00 0.00 0.00 0.00 0.00
A-4 38,079,000.00 38,079,000.00 0.00 0.00 0.00 0.00
A-5 14,877,000.00 14,877,000.00 0.00 0.00 0.00 0.00
A-6 14,877,000.00 14,877,000.00 0.00 0.00 0.00 0.00
A-7 75,000,000.00 75,000,000.00 43,379.39 747,061.61 0.00 0.00
A-8 2,272,000.00 2,272,000.00 125,466.62 2,160,733.38 -14,200.00 0.00
A-9 29,704,000.00 29,704,000.00 17,479.19 301,019.20 0.00 0.00
A-10 34,868,000.00 34,868,000.00 5,076.93 87,432.84 0.00 0.00
A-11 828,000.00 828,000.00 45,724.63 787,450.37 -5,175.00 0.00
A-12 19,624,000.00 19,624,000.00 0.00 0.00 0.00 0.00
A-R 100.00 100.00 5.49 94.51 0.00 0.00
B-1 7,222,000.00 7,222,000.00 4,849.57 0.00 0.00 0.00
B-2 3,231,000.00 3,231,000.00 2,169.62 0.00 0.00 0.00
B-3 1,900,000.00 1,900,000.00 1,275.85 0.00 0.00 0.00
B-4 1,140,000.00 1,140,000.00 765.51 0.00 0.00 0.00
B-5 761,000.00 761,000.00 511.01 0.00 0.00 0.00
B-6 950,212.79 950,212.79 0.00 0.00 0.00 638.07
Totals 380,079,912.57 380,079,912.57 263,882.97 4,356,783.83 (165,056.25) 638.07
<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 3,538.93 1,798,060.85 0.99803567 3,538.93
A-1 286,632.15 99,219,367.85 0.99711945 286,632.15
A-2 (145,681.25) 23,454,681.25 1.00625000 (145,681.25)
A-3 0.00 10,130,000.00 1.00000000 0.00
A-4 0.00 38,079,000.00 1.00000000 0.00
A-5 0.00 14,877,000.00 1.00000000 0.00
A-6 0.00 14,877,000.00 1.00000000 0.00
A-7 790,441.00 74,209,559.00 0.98946079 790,441.00
A-8 2,272,000.00 0.00 0.00000000 2,272,000.00
A-9 318,498.39 29,385,501.61 0.98927759 318,498.39
A-10 92,509.77 34,775,490.23 0.99734686 92,509.77
A-11 828,000.00 0.00 0.00000000 828,000.00
A-12 0.00 19,624,000.00 1.00000000 0.00
A-R 100.00 0.00 0.00000000 100.00
B-1 4,849.57 7,217,150.43 0.99932850 4,849.57
B-2 2,169.62 3,228,830.38 0.99932850 2,169.62
B-3 1,275.85 1,898,724.15 0.99932850 1,275.85
B-4 765.51 1,139,234.49 0.99932850 765.51
B-5 511.01 760,488.99 0.99932850 511.01
B-6 638.07 949,574.72 0.99932850 0.00
Totals 4,456,248.62 375,623,663.95 0.98827550 4,455,610.55
</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 1,801,599.78 1000.00000000 0.80416862 1.16015778 0.00000000
A-1 99,506,000.00 1000.00000000 0.15808464 2.72246679 0.00000000
A-2 23,309,000.00 1000.00000000 0.00000000 0.00000000 -6.25000000
A-3 10,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 38,079,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 14,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 14,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-7 75,000,000.00 1000.00000000 0.57839187 9.96082147 0.00000000
A-8 2,272,000.00 1000.00000000 55.22298415 951.02701585 -6.25000000
A-9 29,704,000.00 1000.00000000 0.58844566 10.13396176 0.00000000
A-10 34,868,000.00 1000.00000000 0.14560428 2.50753814 0.00000000
A-11 828,000.00 1000.00000000 55.22298309 951.02701691 -6.25000000
A-12 19,624,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 1000.00000000 54.90000000 945.10000000 0.00000000
B-1 7,222,000.00 1000.00000000 0.67149958 0.00000000 0.00000000
B-2 3,231,000.00 1000.00000000 0.67150108 0.00000000 0.00000000
B-3 1,900,000.00 1000.00000000 0.67150000 0.00000000 0.00000000
B-4 1,140,000.00 1000.00000000 0.67150000 0.00000000 0.00000000
B-5 761,000.00 1000.00000000 0.67149803 0.00000000 0.00000000
B-6 950,212.79 1000.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) 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>
APO 0.00000000 1.96432639 998.03567361 0.99803567 1.96432639
A-1 0.00000000 2.88055142 997.11944858 0.99711945 2.88055142
A-2 0.00000000 -6.25000000 1,006.25000000 1.00625000 -6.25000000
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 0.00000000 1,000.00000000 1.00000000 0.00000000
A-7 0.00000000 10.53921333 989.46078667 0.98946079 10.53921333
A-8 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
A-9 0.00000000 10.72240742 989.27759258 0.98927759 10.72240742
A-10 0.00000000 2.65314242 997.34685758 0.99734686 2.65314242
A-11 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
A-12 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 0.67149958 999.32850042 0.99932850 0.67149958
B-2 0.00000000 0.67150108 999.32849892 0.99932850 0.67150108
B-3 0.00000000 0.67150000 999.32850000 0.99932850 0.67150000
B-4 0.00000000 0.67150000 999.32850000 0.99932850 0.67150000
B-5 0.00000000 0.67149803 999.32850197 0.99932850 0.67149803
B-6 0.67150222 0.67150222 999.32849778 0.99932850 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 1,801,599.78 0.00000% 1,801,599.78 0.00 0.00 0.00
A-1 99,506,000.00 7.50000% 99,506,000.00 621,912.50 0.00 0.00
A-2 23,309,000.00 7.50000% 23,309,000.00 145,681.25 0.00 0.00
A-3 10,130,000.00 8.00000% 10,130,000.00 67,533.33 0.00 0.00
A-4 38,079,000.00 7.50000% 38,079,000.00 237,993.75 0.00 0.00
A-5 14,877,000.00 6.25000% 14,877,000.00 77,484.38 0.00 0.00
A-6 14,877,000.00 7.75000% 14,877,000.00 96,080.63 0.00 0.00
A-7 75,000,000.00 7.50000% 75,000,000.00 468,750.00 0.00 0.00
A-8 2,272,000.00 7.50000% 2,272,000.00 14,200.00 0.00 0.00
A-9 29,704,000.00 7.50000% 29,704,000.00 185,650.00 0.00 0.00
A-10 34,868,000.00 7.50000% 34,868,000.00 217,925.00 0.00 0.00
A-11 828,000.00 7.50000% 828,000.00 5,175.00 0.00 0.00
A-12 19,624,000.00 8.00000% 19,624,000.00 130,826.67 0.00 0.00
A-R 100.00 7.50000% 100.00 0.63 0.00 0.00
B-1 7,222,000.00 7.50000% 7,222,000.00 45,137.50 0.00 0.00
B-2 3,231,000.00 7.50000% 3,231,000.00 20,193.75 0.00 0.00
B-3 1,900,000.00 7.50000% 1,900,000.00 11,875.00 0.00 0.00
B-4 1,140,000.00 7.50000% 1,140,000.00 7,125.00 0.00 0.00
B-5 761,000.00 7.50000% 761,000.00 4,756.25 0.00 0.00
B-6 950,212.79 7.50000% 950,212.79 5,938.83 0.00 113.63
Totals 380,079,912.57 2,364,239.47 0.00 113.63
</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 1,798,060.85
A-1 0.00 0.00 621,912.50 0.00 99,219,367.85
A-2 0.00 0.00 145,681.25 0.00 23,454,681.25
A-3 0.00 0.00 67,533.33 0.00 10,130,000.00
A-4 0.00 0.00 237,993.75 0.00 38,079,000.00
A-5 0.00 0.00 77,484.37 0.00 14,877,000.00
A-6 0.00 0.00 96,080.62 0.00 14,877,000.00
A-7 0.00 0.00 468,750.00 0.00 74,209,559.00
A-8 0.00 0.00 14,200.00 0.00 0.00
A-9 0.00 0.00 185,650.00 0.00 29,385,501.61
A-10 0.00 0.00 217,925.00 0.00 34,775,490.23
A-11 0.00 0.00 5,175.00 0.00 0.00
A-12 0.00 0.00 130,826.67 0.00 19,624,000.00
A-R 0.00 0.00 0.62 0.00 0.00
B-1 0.00 0.00 45,137.50 0.00 7,217,150.43
B-2 0.00 0.00 20,193.75 0.00 3,228,830.38
B-3 0.00 0.00 11,875.00 0.00 1,898,724.15
B-4 0.00 0.00 7,125.00 0.00 1,139,234.49
B-5 0.00 0.00 4,756.25 0.00 760,488.99
B-6 0.00 0.00 5,825.20 113.63 949,574.72
Totals 0.00 0.00 2,364,125.81 113.63
<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 1,801,599.78 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
A-1 99,506,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
A-2 23,309,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
A-3 10,130,000.00 8.00000% 1000.00000000 6.66666634 0.00000000 0.00000000
A-4 38,079,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
A-5 14,877,000.00 6.25000% 1000.00000000 5.20833367 0.00000000 0.00000000
A-6 14,877,000.00 7.75000% 1000.00000000 6.45833367 0.00000000 0.00000000
A-7 75,000,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
A-8 2,272,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
A-9 29,704,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
A-10 34,868,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
A-11 828,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
A-12 19,624,000.00 8.00000% 1000.00000000 6.66666684 0.00000000 0.00000000
A-R 100.00 7.50000% 1000.00000000 6.30000000 0.00000000 0.00000000
B-1 7,222,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
B-2 3,231,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
B-3 1,900,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
B-4 1,140,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
B-5 761,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
B-6 950,212.79 7.50000% 1000.00000000 6.25000007 0.00000000 0.11958374
<FN>
(5) 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>
APO 0.00000000 0.00000000 0.00000000 0.00000000 998.03567361
A-1 0.00000000 0.00000000 6.25000000 0.00000000 997.11944858
A-2 0.00000000 0.00000000 6.25000000 0.00000000 1006.25000000
A-3 0.00000000 0.00000000 6.66666634 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 6.25000000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.20833300 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 6.45833300 0.00000000 1000.00000000
A-7 0.00000000 0.00000000 6.25000000 0.00000000 989.46078667
A-8 0.00000000 0.00000000 6.25000000 0.00000000 0.00000000
A-9 0.00000000 0.00000000 6.25000000 0.00000000 989.27759258
A-10 0.00000000 0.00000000 6.25000000 0.00000000 997.34685758
A-11 0.00000000 0.00000000 6.25000000 0.00000000 0.00000000
A-12 0.00000000 0.00000000 6.66666684 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 6.20000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 6.25000000 0.00000000 999.32850042
B-2 0.00000000 0.00000000 6.25000000 0.00000000 999.32849892
B-3 0.00000000 0.00000000 6.25000000 0.00000000 999.32850000
B-4 0.00000000 0.00000000 6.25000000 0.00000000 999.32850000
B-5 0.00000000 0.00000000 6.25000000 0.00000000 999.32850197
B-6 0.00000000 0.00000000 6.13041632 0.11958374 999.32849778
<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 6,795,176.69
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 103,887.57
Realized Losses 0.00
Total Deposits 6,899,064.26
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 79,327.89
Payment of Interest and Principal 6,819,736.37
Total Withdrawals (Pool Distribution Amount) 6,899,064.26
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 6,095.45
Servicing Fee Support 6,095.45
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 80,040.24
Master Servicing Fee 5,383.10
Supported Prepayment/Curtailment Interest Shortfall 6,095.45
Net Servicing Fee 79,327.89
</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 8 3,156,801.29 0.710480% 0.840416%
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 8 3,156,801.29 0.710480% 0.840416%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 638.07
Cumulative Realized Losses - Includes Interest Shortfall 638.07
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,012,073.12
</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 15,204,212.79 4.00026739% 15,194,003.16 4.04500691% 95.935537% 100.000000%
Class B-1 7,982,212.79 2.10014066% 7,976,852.73 2.12362891% 1.930620% 0.000000%
Class B-2 4,751,212.79 1.25005627% 4,748,022.35 1.26403707% 0.863726% 0.000000%
Class B-3 2,851,212.79 0.75016140% 2,849,298.20 0.75855130% 0.507917% 0.000000%
Class B-4 1,711,212.79 0.45022447% 1,710,063.71 0.45525984% 0.304750% 0.000000%
Class B-5 950,212.79 0.25000342% 949,574.72 0.25279949% 0.203434% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.254015% 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 0.02631026% 100,000.00 0.02662239%
Fraud 7,601,598.25 2.00000000% 7,601,598.25 2.02372720%
Special Hazard 3,800,799.13 1.00000000% 3,800,799.13 1.01186360%
<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 8.138158%
Weighted Average Pass-Through Rate 7.500000%
Weighted Average Maturity(Stepdown Calculation ) 356
Beginning Scheduled Collateral Loan Count 1,138
Number Of Loans Paid In Full 12
Ending Scheduled Collateral Loan Count 1,126
Beginning Scheduled Collateral Balance 380,079,912.57
Ending Scheduled Collateral Balance 375,623,663.96
Ending Actual Collateral Balance at 31-Mar-2000 370,237,791.89
Ending Scheduled Balance For Norwest 210,420,482.26
Ending Scheduled Balance For Other Services 165,203,181.70
Monthly P &I Constant 2,706,166.69
Class A Optimal Amount 6,711,713.20
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 309,821,525.10
Ending scheduled Balance For discounted Loans 65,802,138.86
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 326,611,412.94
Greater Than 80%, less than or equal to 85% 7,858,529.66
Greater than 85%, less than or equal to 95% 40,245,536.12
Greater than 95% 1,004,738.51
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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