-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IrE9lQEHb7gRayzu0YQHtDYdFk642IhjdpBE4/DNw4UhU53Rx6paf9DhMvgDhjkO qMvdRkZr65wKVK6V544E1w== 0001011663-97-000020.txt : 19970328 0001011663-97-000020.hdr.sgml : 19970328 ACCESSION NUMBER: 0001011663-97-000020 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970327 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1996-06 TRUST CENTRAL INDEX KEY: 0001023999 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-02209-09 FILM NUMBER: 97565780 BUSINESS ADDRESS: STREET 1: 5325 SPECTRUM DRIVE CITY: FREDERICK STATE: MD ZIP: 21703 BUSINESS PHONE: 3018156414 MAIL ADDRESS: STREET 1: 5325 SPECTRUM DRIVE CITY: FREDERICK STATE: MD ZIP: 21703 10-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) / x /ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1996 OR / /TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _____. Commission File No.: 333-02209-05 Norwest Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 1996-6 Trust (Exact name of registrant as specified in its charter) New York 52-1997836 (State or other jurisdiction of (I.R.S. Employer Identification incorporation or organization) No.) c/o Norwest Bank Minnesota, N.A. 7485 New Horizon Way Frederick, Maryland 21703 (Address of principal executive (Zip Code) offices) Registrant's telephone number, including area code (301) 696-7900 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No __ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Not applicable State the aggregate market value of the voting stock held by non- affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked price of such stock, as of a specified date within 60 days prior to the date of filing. (See definition of affiliate in Rule 405, 17 CFR 230.405.) Not applicable Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date. Not applicable PART I Item 1. Business. Omitted pursuant to the no action letter to the registrant from the Office of Chief Counsel of the Division of Corporation Finance, Securities and Exchange Commission dated December 17, 1996 (the "No Action Letter") with respect to series of mortgage pass-through certificates (collectively, the "Mortgage Pass- Through Certificates"), each series being issued pursuant to a Pooling and Servicing Agreement (collectively, the "Pooling and Servicing Agreements") between the registrant, a servicer (the "Servicer"),or master servicer(the Master "Servicer") and a trustee (the "Trustee"). Item 2. Properties. See Item 14(a), Exhibits 99.1, 99.2, and 99.3, for information provided in lieu of information required by Item 102 of Regulation S-K. Item 3. Legal Proceedings. The registrant knows of no material pending legal proceedings involving the trusts created under the Pooling and Servicing Agreement (the "Trusts"), the Trustee, the Servicer or the registrant with respect to the Trusts other than routine litigation incidental to the duties of the respective parties under the Pooling and Servicing Agreements. Item 4. Submission of Matters to a Vote of Security Holders. None. PART II Item 5. Market for Registrant's Common Equity and Related Stockholder Matters. (Subsection references herin refer to Section 201 of Regulation S-K.) (a) No established public trading market for the Certificates exists. (b) As of December 31, 1996, the number of holders of the publicly offered Certificates was 7. (c) Omitted pursuant to the No Action Letter. Item 6. Selected Financial Data. Omitted pursuant to the No Action Letter. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Omitted pursuant to the No Action Letter. Item 8. Financial Statements and Supplementary Data. See Item 14(a), Exhibits 99.1, 99.2, and 99.3, for information provided in lieu of information required by Item 102 of Regulation S-K. Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. None. PART III Item 10. Directors and Executive Officers of the Registrant. Omitted pursuant to the No Action Letter. Item 11. Executive Compensation. Omitted pursuant to the No Action Letter. Item 12. Security Ownership of Certain Beneficial Owners and Management. Omitted pursuant to the No Action Letter. Item 13. Certain Relationships and Related Transactions. Omitted pursuant to the No Action Letter. PART IV Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K (a) Exhibits 99.1 Annual Independent Accountants' Servicing Reports concerning servicing activities under the Pooling and Servicing Agreements for the year ended December 31, 1996, in accordance with the No Action Letter. (a) Citicorp Mortgage, Inc., as servicer (b) Norwest Bank Minnesota, N.A., as Master Servicer (c) Norwest Mortgage, as servicer 99.2 Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 1996, in accordance with the No Action Letter. (a) Citicorp Mortgage, Inc., as servicer (b) Norwest Bank Minnesota, N.A., as Master Servicer (c) Norwest Mortgage, as servicer 99.3 Annual Statements of Compliance under the Pooling and Servicing Agreements for the year ended December 31, 1996, in accordance with the No Action Letter. (a) Citicorp Mortgage, Inc., as servicer (b) Norwest Bank Minnesota, N.A., as Master Servicer (c) Norwest Mortgage, as servicer 99.4 Aggregate Statement of Principal and Interest Distributions to Certificate Holders. (b) On October 31, 1996, a report on Form 8-K was filed in order to provide the Pooling and Servicing Agreement for the Certificates. On November 4, 1996, and December 3, 1996, reports on Form 8-K were filed by the Company in order to provide the statements for the monthly distributions to holders of the Certificates. No other reports on Form 8-K have been filed during the last quarter of the period covered by this report. (c) Not applicable. (d) Omitted pursuant to the No Action Letter. Pursuant to the No Action Letter, such document (i) is not filed herewith since such document was not received by the Reporting Person at least three business days prior to the due date of this report; and (ii) will be included in an amendment to this report on Form 10-K/A to be filed wihtin 30 days of the Reporting Person's receipt of such document. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized: Norwest Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 1996-6 Trust Signed Norwest Bank Minnesota, N.A. as Master Servicer By: /s/Sherri J. Sharps Title: Vice president -- Securities Administration Services Dated: March 21, 1997 SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT (a)(1) No annual report is provided to the Certificateholders other than with respect to aggregate principal and interest distributions. (a)(2) No proxy statement, form of proxy or other proxy soliciting material has been sent to any Certificateholder with respect to any annual or other meeting of Certificateholders. EX-99.4 2
Schedule of Year-To-Date Principal and Interest Distributions to Certificate Holders Scheduled Unscheduled Ending Class Interest Pricipal Principal Balance A1 1,757,112.59 187,995.13 808,798.36 93,051,506.51 A2 23,489.37 2,514.18 0.00 1,251,085.83 APO 0.00 1,077.00 15,567.84 455,861.00 AR 6.46 71.01 28.99 0.00 M 32,884.36 3,519.76 0.00 1,751,480.24 B1 28,181.25 3,016.37 0.00 1,500,983.63 B2 9,406.24 1,006.79 0.00 500,993.21 B3 4,684.38 501.39 0.00 249,498.61 B4 3,766.24 403.12 0.00 200,596.88 B5 5,647.82 527.93 0.00 300,813.09 Total 1,865,178.71 200,632.68 824,395.19
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