-----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, CXafPPynrIvce3YFTZ4fokJNxPLlxC1qVE9nCMwLf+e9eQfpuyerUJCRVxUJAhT8 kVzBKpAmqQhS+nmfDVl0WA== 0001056404-99-000342.txt : 19990607 0001056404-99-000342.hdr.sgml : 19990607 ACCESSION NUMBER: 0001056404-99-000342 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990525 ITEM INFORMATION: FILED AS OF DATE: 19990604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999 2 TRUST CENTRAL INDEX KEY: 0001080912 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-65481-05 FILM NUMBER: 99640814 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PKWY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842248 MAIL ADDRESS: STREET 1: 11000 BROKEN LAND PKWY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 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): May 25, 1999 NORWEST ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 1999-2 Trust New York (governing law of 333-65481-05 52-2154930 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 May 25, 1999 a distribution was made to holders of NORWEST ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-2 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 1999-2 Trust, relating to the May 25, 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 1999-2 Trust By: Norwest Bank Minnesota, N.A., as Master Servicer By: /s/ Sherri J. Sharps, Vice President By: Sherri J. Sharps, Vice President Date: 6/3/99 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 1999-2 Trust, relating to the May 25, 1999 distribution. EX-99.1 2
Norwest Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 4/30/99 Distribution Date: 5/25/99 NASCOR Series: 1999-2 Contact: Customer Service 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 APO NMB9902PO PO 0.00000% 1,264,684.85 0.00 1,706.73 A-1 66937RJS9 SEQ 6.50000% 531,063,635.13 2,876,594.69 5,808,407.99 A-2 66937RJT7 SEQ 6.50000% 95,618,836.84 517,935.37 1,221,892.70 A-3 66937RJU4 SEQ 6.50000% 6,099,000.00 33,036.25 0.00 A-4 66937RJV2 SEQ 6.25000% 5,000,000.00 26,041.67 0.00 A-5 66937RJW0 SEQ 6.75000% 25,000.00 140.62 0.00 A-6 66937RJX8 SEQ 6.75000% 1,750,000.00 9,843.75 0.00 A-7 66937RJY6 SEQ 6.75000% 1,750,000.00 9,843.75 0.00 A-8 66937RJZ3 SEQ 6.75000% 1,475,000.00 8,296.87 0.00 A-9 66937RKA6 SEQ 6.75000% 10,000,000.00 56,250.00 0.00 A-10 66937RKB4 SEQ 6.50000% 14,393,235.75 77,963.36 169,224.65 A-11 66937RKC2 SEQ 6.50000% 19,749,000.00 106,973.75 0.00 A-12 66937RKD0 SEQ 6.50000% 5,921,000.00 32,072.08 0.00 A-13 66937RKE8 SEQ 6.50000% 1,079,000.00 5,844.58 0.00 A-14 66937RKF5 SEQ 5.83875% 7,352,941.00 35,776.65 0.00 A-15 66937RKG3 SEQ 7.39236% 2,647,059.00 16,306.68 0.00 A-16 66937RKH1 SEQ 6.50000% 85,000,000.00 460,416.67 0.00 A-R 66937RKJ7 R 6.50000% 0.00 35.66 0.00 B-1 66937RKK4 SUB 6.50000% 12,718,733.74 68,893.14 10,622.56 B-2 66937RKL2 SUB 6.50000% 11,446,860.36 62,003.83 9,560.31 B-3 66937RKM0 SUB 6.50000% 3,815,620.12 20,667.94 3,186.77 B-4 66937RLX5 SUB 6.50000% 2,543,746.75 13,778.63 2,124.51 B-5 66937RLY3 SUB 6.50000% 1,695,831.17 9,185.75 1,416.34 B-6 66937RLZ0 SUB 6.50000% 1,696,776.53 9,190.87 1,417.13 Totals 824,105,961.24 4,457,092.56 7,229,559.69
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses APO 0.00 1,262,978.12 1,706.73 0.00 A-1 0.00 525,255,227.14 8,685,002.68 0.00 A-2 0.00 94,396,944.15 1,739,828.07 0.00 A-3 0.00 6,099,000.00 33,036.25 0.00 A-4 0.00 5,000,000.00 26,041.67 0.00 A-5 0.00 25,000.00 140.62 0.00 A-6 0.00 1,750,000.00 9,843.75 0.00 A-7 0.00 1,750,000.00 9,843.75 0.00 A-8 0.00 1,475,000.00 8,296.87 0.00 A-9 0.00 10,000,000.00 56,250.00 0.00 A-10 0.00 14,224,011.10 247,188.01 0.00 A-11 0.00 19,749,000.00 106,973.75 0.00 A-12 0.00 5,921,000.00 32,072.08 0.00 A-13 0.00 1,079,000.00 5,844.58 0.00 A-14 0.00 7,352,941.00 35,776.65 0.00 A-15 0.00 2,647,059.00 16,306.68 0.00 A-16 0.00 85,000,000.00 460,416.67 0.00 A-R 0.00 0.00 35.66 0.00 B-1 0.00 12,708,111.17 79,515.70 0.00 B-2 0.00 11,437,300.06 71,564.14 0.00 B-3 0.00 3,812,433.35 23,854.71 0.00 B-4 0.00 2,541,622.23 15,903.14 0.00 B-5 0.00 1,694,414.83 10,602.09 0.00 B-6 0.00 1,695,359.40 10,608.00 2,646.39 Totals 0.00 816,876,401.55 11,686,652.25 2,646.39 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. Edward M. Frere, Jr. Vice President, Norwest Bank Minnesota, N.A.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) APO 1,280,152.64 1,264,684.85 1,249.32 457.40 0.00 0.00 A-1 551,890,000.00 531,063,635.13 531,586.26 5,276,821.73 0.00 0.00 A-2 100,000,000.00 95,618,836.84 111,827.78 1,110,064.92 0.00 0.00 A-3 6,099,000.00 6,099,000.00 0.00 0.00 0.00 0.00 A-4 5,000,000.00 5,000,000.00 0.00 0.00 0.00 0.00 A-5 25,000.00 25,000.00 0.00 0.00 0.00 0.00 A-6 1,750,000.00 1,750,000.00 0.00 0.00 0.00 0.00 A-7 1,750,000.00 1,750,000.00 0.00 0.00 0.00 0.00 A-8 1,475,000.00 1,475,000.00 0.00 0.00 0.00 0.00 A-9 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 A-10 15,000,000.00 14,393,235.75 15,487.46 153,737.19 0.00 0.00 A-11 19,749,000.00 19,749,000.00 0.00 0.00 0.00 0.00 A-12 5,921,000.00 5,921,000.00 0.00 0.00 0.00 0.00 A-13 1,079,000.00 1,079,000.00 0.00 0.00 0.00 0.00 A-14 7,352,941.00 7,352,941.00 0.00 0.00 0.00 0.00 A-15 2,647,059.00 2,647,059.00 0.00 0.00 0.00 0.00 A-16 85,000,000.00 85,000,000.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 12,750,000.00 12,718,733.74 10,622.56 0.00 0.00 0.00 B-2 11,475,000.00 11,446,860.36 9,560.31 0.00 0.00 0.00 B-3 3,825,000.00 3,815,620.12 3,186.77 0.00 0.00 0.00 B-4 2,550,000.00 2,543,746.75 2,124.51 0.00 0.00 0.00 B-5 1,700,000.00 1,695,831.17 1,416.34 0.00 0.00 0.00 B-6 1,700,947.70 1,696,776.53 1,417.13 0.00 0.00 0.00 Totals 850,019,200.34 824,105,961.24 688,478.44 6,541,081.24 0.00 0.00 (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.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution APO 1,706.73 1,262,978.12 0.98658401 1,706.73 A-1 5,808,407.99 525,255,227.14 0.95173898 5,808,407.99 A-2 1,221,892.70 94,396,944.15 0.94396944 1,221,892.70 A-3 0.00 6,099,000.00 1.00000000 0.00 A-4 0.00 5,000,000.00 1.00000000 0.00 A-5 0.00 25,000.00 1.00000000 0.00 A-6 0.00 1,750,000.00 1.00000000 0.00 A-7 0.00 1,750,000.00 1.00000000 0.00 A-8 0.00 1,475,000.00 1.00000000 0.00 A-9 0.00 10,000,000.00 1.00000000 0.00 A-10 169,224.65 14,224,011.10 0.94826741 169,224.65 A-11 0.00 19,749,000.00 1.00000000 0.00 A-12 0.00 5,921,000.00 1.00000000 0.00 A-13 0.00 1,079,000.00 1.00000000 0.00 A-14 0.00 7,352,941.00 1.00000000 0.00 A-15 0.00 2,647,059.00 1.00000000 0.00 A-16 0.00 85,000,000.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 10,622.56 12,708,111.17 0.99671460 10,622.56 B-2 9,560.31 11,437,300.06 0.99671460 9,560.31 B-3 3,186.77 3,812,433.35 0.99671460 3,186.77 B-4 2,124.51 2,541,622.23 0.99671460 2,124.51 B-5 1,416.34 1,694,414.83 0.99671461 1,416.34 B-6 1,417.13 1,695,359.40 0.99671460 1,417.13 Totals 7,229,559.69 816,876,401.55 0.96100935 7,229,559.69
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion APO 1,280,152.64 987.91722993 0.97591487 0.35730114 0.00000000 A-1 551,890,000.00 962.26355819 0.96321053 9.56136500 0.00000000 A-2 100,000,000.00 956.18836840 1.11827780 11.10064920 0.00000000 A-3 6,099,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 5,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-5 25,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-6 1,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-7 1,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-8 1,475,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-9 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-10 15,000,000.00 959.54905000 1.03249733 10.24914600 0.00000000 A-11 19,749,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-12 5,921,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-13 1,079,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-14 7,352,941.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-15 2,647,059.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-16 85,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,750,000.00 997.54774431 0.83314196 0.00000000 0.00000000 B-2 11,475,000.00 997.54774379 0.83314248 0.00000000 0.00000000 B-3 3,825,000.00 997.54774379 0.83314248 0.00000000 0.00000000 B-4 2,550,000.00 997.54774510 0.83314118 0.00000000 0.00000000 B-5 1,700,000.00 997.54774706 0.83314118 0.00000000 0.00000000 B-6 1,700,947.70 997.54773765 0.83314143 0.00000000 0.00000000 (2) Per $1,000 Denomination, except Class A-R, which is Per $100 Denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution APO 0.00000000 1.33322383 986.58400611 0.98658401 1.33322383 A-1 0.00000000 10.52457553 951.73898266 0.95173898 10.52457553 A-2 0.00000000 12.21892700 943.96944150 0.94396944 12.21892700 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 0.00000000 1,000.00000000 1.00000000 0.00000000 A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-10 0.00000000 11.28164333 948.26740667 0.94826741 11.28164333 A-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-14 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-16 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.83314196 996.71460157 0.99671460 0.83314196 B-2 0.00000000 0.83314248 996.71460218 0.99671460 0.83314248 B-3 0.00000000 0.83314248 996.71460131 0.99671460 0.83314248 B-4 0.00000000 0.83314118 996.71460000 0.99671460 0.83314118 B-5 0.00000000 0.83314118 996.71460588 0.99671461 0.83314118 B-6 0.00000000 0.83314143 996.71459622 0.99671460 0.83314143 (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.
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 APO 1,280,152.64 0.00000% 1,264,684.85 0.00 0.00 0.00 A-1 551,890,000.00 6.50000% 531,063,635.13 2,876,594.69 0.00 0.00 A-2 100,000,000.00 6.50000% 95,618,836.84 517,935.37 0.00 0.00 A-3 6,099,000.00 6.50000% 6,099,000.00 33,036.25 0.00 0.00 A-4 5,000,000.00 6.25000% 5,000,000.00 26,041.67 0.00 0.00 A-5 25,000.00 6.75000% 25,000.00 140.62 0.00 0.00 A-6 1,750,000.00 6.75000% 1,750,000.00 9,843.75 0.00 0.00 A-7 1,750,000.00 6.75000% 1,750,000.00 9,843.75 0.00 0.00 A-8 1,475,000.00 6.75000% 1,475,000.00 8,296.88 0.00 0.00 A-9 10,000,000.00 6.75000% 10,000,000.00 56,250.00 0.00 0.00 A-10 15,000,000.00 6.50000% 14,393,235.75 77,963.36 0.00 0.00 A-11 19,749,000.00 6.50000% 19,749,000.00 106,973.75 0.00 0.00 A-12 5,921,000.00 6.50000% 5,921,000.00 32,072.08 0.00 0.00 A-13 1,079,000.00 6.50000% 1,079,000.00 5,844.58 0.00 0.00 A-14 7,352,941.00 5.83875% 7,352,941.00 35,776.65 0.00 0.00 A-15 2,647,059.00 7.39236% 2,647,059.00 16,306.68 0.00 0.00 A-16 85,000,000.00 6.50000% 85,000,000.00 460,416.67 0.00 0.00 A-R 100.00 6.50000% 0.00 0.00 0.00 0.00 B-1 12,750,000.00 6.50000% 12,718,733.74 68,893.14 0.00 0.00 B-2 11,475,000.00 6.50000% 11,446,860.36 62,003.83 0.00 0.00 B-3 3,825,000.00 6.50000% 3,815,620.12 20,667.94 0.00 0.00 B-4 2,550,000.00 6.50000% 2,543,746.75 13,778.63 0.00 0.00 B-5 1,700,000.00 6.50000% 1,695,831.17 9,185.75 0.00 0.00 B-6 1,700,947.70 6.50000% 1,696,776.53 9,190.87 0.00 0.00 Totals 850,019,200.34 4,457,056.91 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance APO 0.00 0.00 0.00 0.00 1,262,978.12 A-1 0.00 0.00 2,876,594.69 0.00 525,255,227.14 A-2 0.00 0.00 517,935.37 0.00 94,396,944.15 A-3 0.00 0.00 33,036.25 0.00 6,099,000.00 A-4 0.00 0.00 26,041.67 0.00 5,000,000.00 A-5 0.00 0.00 140.62 0.00 25,000.00 A-6 0.00 0.00 9,843.75 0.00 1,750,000.00 A-7 0.00 0.00 9,843.75 0.00 1,750,000.00 A-8 0.00 0.00 8,296.87 0.00 1,475,000.00 A-9 0.00 0.00 56,250.00 0.00 10,000,000.00 A-10 0.00 0.00 77,963.36 0.00 14,224,011.10 A-11 0.00 0.00 106,973.75 0.00 19,749,000.00 A-12 0.00 0.00 32,072.08 0.00 5,921,000.00 A-13 0.00 0.00 5,844.58 0.00 1,079,000.00 A-14 0.00 0.00 35,776.65 0.00 7,352,941.00 A-15 0.00 0.00 16,306.68 0.00 2,647,059.00 A-16 0.00 0.00 460,416.67 0.00 85,000,000.00 A-R 0.00 0.00 35.66 0.00 0.00 B-1 0.00 0.00 68,893.14 0.00 12,708,111.17 B-2 0.00 0.00 62,003.83 0.00 11,437,300.06 B-3 0.00 0.00 20,667.94 0.00 3,812,433.35 B-4 0.00 0.00 13,778.63 0.00 2,541,622.23 B-5 0.00 0.00 9,185.75 0.00 1,694,414.83 B-6 0.00 0.00 9,190.87 0.00 1,695,359.40 Totals 0.00 0.00 4,457,092.56 0.00 (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.
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 APO 1,280,152.64 0.00000% 987.91722993 0.00000000 0.00000000 0.00000000 A-1 551,890,000.00 6.50000% 962.26355819 5.21226094 0.00000000 0.00000000 A-2 100,000,000.00 6.50000% 956.18836840 5.17935370 0.00000000 0.00000000 A-3 6,099,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 A-4 5,000,000.00 6.25000% 1000.00000000 5.20833400 0.00000000 0.00000000 A-5 25,000.00 6.75000% 1000.00000000 5.62480000 0.00000000 0.00000000 A-6 1,750,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000 A-7 1,750,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000 A-8 1,475,000.00 6.75000% 1000.00000000 5.62500339 0.00000000 0.00000000 A-9 10,000,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000 A-10 15,000,000.00 6.50000% 959.54905000 5.19755733 0.00000000 0.00000000 A-11 19,749,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 A-12 5,921,000.00 6.50000% 1000.00000000 5.41666610 0.00000000 0.00000000 A-13 1,079,000.00 6.50000% 1000.00000000 5.41666358 0.00000000 0.00000000 A-14 7,352,941.00 5.83875% 1000.00000000 4.86562452 0.00000000 0.00000000 A-15 2,647,059.00 7.39236% 1000.00000000 6.16030092 0.00000000 0.00000000 A-16 85,000,000.00 6.50000% 1000.00000000 5.41666671 0.00000000 0.00000000 A-R 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,750,000.00 6.50000% 997.54774431 5.40338353 0.00000000 0.00000000 B-2 11,475,000.00 6.50000% 997.54774379 5.40338388 0.00000000 0.00000000 B-3 3,825,000.00 6.50000% 997.54774379 5.40338301 0.00000000 0.00000000 B-4 2,550,000.00 6.50000% 997.54774510 5.40338431 0.00000000 0.00000000 B-5 1,700,000.00 6.50000% 997.54774706 5.40338235 0.00000000 0.00000000 B-6 1,700,947.70 6.50000% 997.54773765 5.40338189 0.00000000 0.00000000 (5) Per $1,000 Denomination, except Class A-R, which is Per $100 Denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance APO 0.00000000 0.00000000 0.00000000 0.00000000 986.58400611 A-1 0.00000000 0.00000000 5.21226094 0.00000000 951.73898266 A-2 0.00000000 0.00000000 5.17935370 0.00000000 943.96944150 A-3 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 5.20833400 0.00000000 1000.00000000 A-5 0.00000000 0.00000000 5.62480000 0.00000000 1000.00000000 A-6 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000 A-7 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000 A-8 0.00000000 0.00000000 5.62499661 0.00000000 1000.00000000 A-9 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000 A-10 0.00000000 0.00000000 5.19755733 0.00000000 948.26740667 A-11 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000 A-12 0.00000000 0.00000000 5.41666610 0.00000000 1000.00000000 A-13 0.00000000 0.00000000 5.41666358 0.00000000 1000.00000000 A-14 0.00000000 0.00000000 4.86562452 0.00000000 1000.00000000 A-15 0.00000000 0.00000000 6.16030092 0.00000000 1000.00000000 A-16 0.00000000 0.00000000 5.41666671 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 356.60000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 5.40338353 0.00000000 996.71460157 B-2 0.00000000 0.00000000 5.40338388 0.00000000 996.71460218 B-3 0.00000000 0.00000000 5.40338301 0.00000000 996.71460131 B-4 0.00000000 0.00000000 5.40338431 0.00000000 996.71460000 B-5 0.00000000 0.00000000 5.40338235 0.00000000 996.71460588 B-6 0.00000000 0.00000000 5.40338189 0.00000000 996.71459622 (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.
CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 11,719,648.61 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 262,330.77 Realized Losses 0.00 Total Deposits 11,981,979.38 Withdrawals Reimbursement for Servicer Advances 116,060.17 Payment of Service Fee 179,266.95 Payment of Interest and Principal 11,686,652.26 Total Withdrawals (Pool Distribution Amount) 11,981,979.38 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 4,218.33 Servicing Fee Support 4,218.33 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 171,810.83 Master Servicing Fee 11,674.45 Supported Prepayment/Curtailment Interest Shortfall 4,218.33 Net Servicing Fee 179,266.95
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 2,500.00 0.00 0.00 2,500.00 Reserve Fund 999.99 0.00 0.00 999.99
DELINQUENCY STATUS Percentage Delinquent Based On Current Unpaid Number Principal Number Unpaid Of Loans Balance Of Loans Balance 30 Days 5 1,529,178.43 0.204248% 0.187198% 60 Days 1 244,324.33 0.040850% 0.029910% 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 6 1,773,502.76 0.245098% 0.217108%
OTHER INFORMATION Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 2,646.39 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,184,664.93
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Next Original $ Original % Current $ Current % Class% Prepayment% Class A 34,000,947.70 4.00002114% 33,889,241.04 4.14863754% 95.844938% 100.000000% Class B-1 21,250,947.70 2.50005502% 21,181,129.87 2.59294182% 1.558105% 0.000000% Class B-2 9,775,947.70 1.15008552% 9,743,829.81 1.19281568% 1.402294% 0.000000% Class B-3 5,950,947.70 0.70009568% 5,931,396.46 0.72610697% 0.467431% 0.000000% Class B-4 3,400,947.70 0.40010246% 3,389,774.23 0.41496782% 0.311621% 0.000000% Class B-5 1,700,947.70 0.20010697% 1,695,359.40 0.20754173% 0.207747% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.207863% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 222,319.63 0.02615466% 222,319.63 0.02721582% Fraud 17,000,384.01 2.00000000% 17,000,384.01 2.08114520% Special Hazard 8,503,859.00 1.00043140% 8,503,859.00 1.04102150% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 7.160043% Weighted Average Pass-Through Rate 6.500000% Weighted Average Maturity(Stepdown Calculation ) 353 Begin Scheduled Collateral Loan Count 2,463 Number Of Loans Paid In Full 15 End Scheduled Collateral Loan Count 2,448 Begining Scheduled Collateral Balance 824,105,961.24 Ending Scheduled Collateral Balance 816,876,401.55 Ending Actual Collateral Balance at 30-Apr-1999 824,404,319.43 Ending Scheduled Balance For Norwest 671,953,184.59 Ending Scheduled Balance For Other Services 144,923,216.96 Monthly P &I Constant 5,333,662.45 Class A Optimal Amount 11,472,862.09 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 729,642,757.39 Ending scheduled Balance For discounted Loans 87,233,644.16 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 741,163,612.76 Greater Than 80%, less than or equal to 85% 12,204,951.23 Greater than 85%, less than or equal to 95% 63,647,563.68 Greater than 95% 0.00
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