First Union Residential Securitization Transact
Mortgage Pass-Through Certificates
Record Date: 08/31/1998
Distribution Date: 09/25/1998
FURST Series: 1998-A
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
SA-1 337403AK5 SEQ 7.00000% 45,218,475.12 263,774.44 742,457.56
SA-2 337403AL3 SEQ 6.90000% 69,281,200.41 398,366.90 1,137,551.64
SA-3 337403AM1 SEQ 7.00000% 9,700,000.00 56,583.33 0.00
SA-4 337403AN9 SEQ 7.00000% 15,161,942.77 88,444.67 23,623.29
SA-5 337403AP4 IO 7.00000% 0.00 5,773.43 0.00
SA-X 337403AQ2 IO 0.57256% 0.00 69,971.96 0.00
A-1 337403AR0 SEQ 6.87000% 115,721,113.76 662,503.38 2,968,452.60
A-2 337403AS8 SEQ 7.00000% 19,168,000.00 111,813.33 0.00
A-3 337403AT6 SEQ 7.00000% 18,130,000.00 105,758.33 0.00
A-4 337403AU3 SEQ 7.00000% 9,500,000.00 55,416.67 0.00
A-5 337403AV1 SEQ 7.00000% 2,700,000.00 15,750.00 0.00
A-6 337403AW9 IO 7.00000% 0.00 12,536.45 0.00
A-7 337403AX7 SEQ 7.50000% 2,500,000.00 15,625.00 0.00
AX 337403AY5 IO 0.66109% 0.00 97,023.83 0.00
R-I 337403BF5 R 7.00000% 0.00 0.00 0.00
R-II 337403BG3 R 7.00000% 0.00 0.00 0.00
M 337403AZ2 MEZ 7.00000% 7,668,859.02 44,735.01 8,725.30
B-1 337403BA6 SUB 7.00000% 2,962,967.83 17,283.98 3,371.14
B-2 337403BB4 SUB 7.00000% 2,091,506.64 12,200.46 2,379.63
B-3 337403BC2 SUB 7.00000% 1,220,045.46 7,116.93 1,388.12
B-4 337403BD0 SUB 7.00000% 697,168.55 4,066.82 793.21
B-5 337403BE8 SUB 7.00000% 1,045,755.13 6,100.24 1,189.82
Totals 322,767,034.69 2,050,845.16 4,889,932.31
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
SA-1 0.00 44,476,017.57 1,006,232.00 0.00
SA-2 0.00 68,143,648.77 1,535,918.54 0.00
SA-3 0.00 9,700,000.00 56,583.33 0.00
SA-4 0.00 15,138,319.48 112,067.96 0.00
SA-5 0.00 0.00 5,773.43 0.00
SA-X 0.00 0.00 69,971.96 0.00
A-1 0.00 112,752,661.15 3,630,955.98 0.00
A-2 0.00 19,168,000.00 111,813.33 0.00
A-3 0.00 18,130,000.00 105,758.33 0.00
A-4 0.00 9,500,000.00 55,416.67 0.00
A-5 0.00 2,700,000.00 15,750.00 0.00
A-6 0.00 0.00 12,536.45 0.00
A-7 0.00 2,500,000.00 15,625.00 0.00
AX 0.00 0.00 97,023.83 0.00
R-I 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00
M 0.00 7,660,133.72 53,460.31 0.00
B-1 0.00 2,959,596.69 20,655.12 0.00
B-2 0.00 2,089,127.02 14,580.09 0.00
B-3 0.00 1,218,657.34 8,505.05 0.00
B-4 0.00 696,375.34 4,860.03 0.00
B-5 0.00 1,044,565.31 7,290.06 0.00
Totals 0.00 317,877,102.39 6,940,777.47 0.00
<FN>
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.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
SA-1 51,614,813.00 45,218,475.12 84,687.09 657,770.47 0.00 0.00
SA-2 79,081,309.00 69,281,200.41 129,752.78 1,007,798.86 0.00 0.00
SA-3 9,700,000.00 9,700,000.00 0.00 0.00 0.00 0.00
SA-4 15,253,691.00 15,161,942.77 2,694.55 20,928.74 0.00 0.00
SA-5 0.00 0.00 0.00 0.00 0.00 0.00
SA-X 0.00 0.00 0.00 0.00 0.00 0.00
A-1 126,652,919.00 115,721,113.76 129,615.67 2,838,836.93 0.00 0.00
A-2 19,168,000.00 19,168,000.00 0.00 0.00 0.00 0.00
A-3 18,130,000.00 18,130,000.00 0.00 0.00 0.00 0.00
A-4 9,500,000.00 9,500,000.00 0.00 0.00 0.00 0.00
A-5 2,700,000.00 2,700,000.00 0.00 0.00 0.00 0.00
A-6 0.00 0.00 0.00 0.00 0.00 0.00
A-7 2,500,000.00 2,500,000.00 0.00 0.00 0.00 0.00
AX 0.00 0.00 0.00 0.00 0.00 0.00
R-I 50.00 0.00 0.00 0.00 0.00 0.00
R-II 50.00 0.00 0.00 0.00 0.00 0.00
M 7,701,171.00 7,668,859.02 8,725.30 0.00 0.00 0.00
B-1 2,975,452.00 2,962,967.83 3,371.14 0.00 0.00 0.00
B-2 2,100,319.00 2,091,506.64 2,379.63 0.00 0.00 0.00
B-3 1,225,186.00 1,220,045.46 1,388.12 0.00 0.00 0.00
B-4 700,106.00 697,168.55 793.21 0.00 0.00 0.00
B-5 1,050,161.64 1,045,755.13 1,189.82 0.00 0.00 0.00
Totals 350,053,227.64 322,767,034.69 364,597.31 4,525,335.00 0.00 0.00
<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>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
SA-1 742,457.56 44,476,017.57 0.86169096 742,457.56
SA-2 1,137,551.64 68,143,648.77 0.86169096 1,137,551.64
SA-3 0.00 9,700,000.00 1.00000000 0.00
SA-4 23,623.29 15,138,319.48 0.99243649 23,623.29
SA-5 0.00 0.00 0.00000000 0.00
SA-X 0.00 0.00 0.00000000 0.00
A-1 2,968,452.60 112,752,661.15 0.89024921 2,968,452.60
A-2 0.00 19,168,000.00 1.00000000 0.00
A-3 0.00 18,130,000.00 1.00000000 0.00
A-4 0.00 9,500,000.00 1.00000000 0.00
A-5 0.00 2,700,000.00 1.00000000 0.00
A-6 0.00 0.00 0.00000000 0.00
A-7 0.00 2,500,000.00 1.00000000 0.00
AX 0.00 0.00 0.00000000 0.00
R-I 0.00 0.00 0.00000000 0.00
R-II 0.00 0.00 0.00000000 0.00
M 8,725.30 7,660,133.72 0.99467129 8,725.30
B-1 3,371.14 2,959,596.69 0.99467129 3,371.14
B-2 2,379.63 2,089,127.02 0.99467130 2,379.63
B-3 1,388.12 1,218,657.34 0.99467129 1,388.12
B-4 793.21 696,375.34 0.99467129 793.21
B-5 1,189.82 1,044,565.31 0.99467098 1,189.82
Totals 4,889,932.31 317,877,102.39 0.90808219 4,889,932.31
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
SA-1 51,614,813.00 876.07553901 1.64075166 12.74383131 0.00000000
SA-2 79,081,309.00 876.07553904 1.64075155 12.74383129 0.00000000
SA-3 9,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
SA-4 15,253,691.00 993.98517841 0.17664905 1.37204431 0.00000000
SA-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
SA-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-1 126,652,919.00 913.68690650 1.02339268 22.41430322 0.00000000
A-2 19,168,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 18,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 9,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 2,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-7 2,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000
R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000
M 7,701,171.00 995.80427704 1.13298354 0.00000000 0.00000000
B-1 2,975,452.00 995.80427780 1.13298417 0.00000000 0.00000000
B-2 2,100,319.00 995.80427545 1.13298504 0.00000000 0.00000000
B-3 1,225,186.00 995.80427788 1.13298715 0.00000000 0.00000000
B-4 700,106.00 995.80427821 1.13298558 0.00000000 0.00000000
B-5 1,050,161.64 995.80396976 1.13298749 0.00000000 0.00000000
<FN>
(2) per $1000 denomination
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
SA-1 0.00000000 14.38458297 861.69095624 0.86169096 14.38458297
SA-2 0.00000000 14.38458283 861.69095620 0.86169096 14.38458283
SA-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
SA-4 0.00000000 1.54869336 992.43648504 0.99243649 1.54869336
SA-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
SA-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-1 0.00000000 23.43769590 890.24921052 0.89024921 23.43769590
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
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 0.00000000 0.00000000 0.00000000
A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
M 0.00000000 1.13298354 994.67129350 0.99467129 1.13298354
B-1 0.00000000 1.13298417 994.67129364 0.99467129 1.13298417
B-2 0.00000000 1.13298504 994.67129517 0.99467130 1.13298504
B-3 0.00000000 1.13298715 994.67129073 0.99467129 1.13298715
B-4 0.00000000 1.13298558 994.67129263 0.99467129 1.13298558
B-5 0.00000000 1.13298749 994.67098227 0.99467098 1.13298749
<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>
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
SA-1 51,614,813.00 7.00000% 45,218,475.12 263,774.44 0.00 0.00
SA-2 79,081,309.00 6.90000% 69,281,200.41 398,366.90 0.00 0.00
SA-3 9,700,000.00 7.00000% 9,700,000.00 56,583.33 0.00 0.00
SA-4 15,253,691.00 7.00000% 15,161,942.77 88,444.67 0.00 0.00
SA-5 0.00 7.00000% 989,731.43 5,773.43 0.00 0.00
SA-X 0.00 0.57256% 146,651,791.75 69,971.96 0.00 0.00
A-1 126,652,919.00 6.87000% 115,721,113.76 662,503.38 0.00 0.00
A-2 19,168,000.00 7.00000% 19,168,000.00 111,813.33 0.00 0.00
A-3 18,130,000.00 7.00000% 18,130,000.00 105,758.33 0.00 0.00
A-4 9,500,000.00 7.00000% 9,500,000.00 55,416.67 0.00 0.00
A-5 2,700,000.00 7.00000% 2,700,000.00 15,750.00 0.00 0.00
A-6 0.00 7.00000% 2,149,106.40 12,536.45 0.00 0.00
A-7 2,500,000.00 7.50000% 2,500,000.00 15,625.00 0.00 0.00
AX 0.00 0.66109% 176,115,242.94 97,023.83 0.00 0.00
R-I 50.00 7.00000% 0.00 0.00 0.00 0.00
R-II 50.00 7.00000% 0.00 0.00 0.00 0.00
M 7,701,171.00 7.00000% 7,668,859.02 44,735.01 0.00 0.00
B-1 2,975,452.00 7.00000% 2,962,967.83 17,283.98 0.00 0.00
B-2 2,100,319.00 7.00000% 2,091,506.64 12,200.46 0.00 0.00
B-3 1,225,186.00 7.00000% 1,220,045.46 7,116.93 0.00 0.00
B-4 700,106.00 7.00000% 697,168.55 4,066.82 0.00 0.00
B-5 1,050,161.64 7.00000% 1,045,755.13 6,100.24 0.00 0.00
Totals 350,053,227.64 2,050,845.16 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
SA-1 0.00 0.00 263,774.44 0.00 44,476,017.57
SA-2 0.00 0.00 398,366.90 0.00 68,143,648.77
SA-3 0.00 0.00 56,583.33 0.00 9,700,000.00
SA-4 0.00 0.00 88,444.67 0.00 15,138,319.48
SA-5 0.00 0.00 5,773.43 0.00 973,480.70
SA-X 0.00 0.00 69,971.96 0.00 144,736,800.70
A-1 0.00 0.00 662,503.38 0.00 112,752,661.15
A-2 0.00 0.00 111,813.33 0.00 19,168,000.00
A-3 0.00 0.00 105,758.33 0.00 18,130,000.00
A-4 0.00 0.00 55,416.67 0.00 9,500,000.00
A-5 0.00 0.00 15,750.00 0.00 2,700,000.00
A-6 0.00 0.00 12,536.45 0.00 2,093,977.99
A-7 0.00 0.00 15,625.00 0.00 2,500,000.00
AX 0.00 0.00 97,023.83 0.00 173,140,301.68
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
M 0.00 0.00 44,735.01 0.00 7,660,133.72
B-1 0.00 0.00 17,283.98 0.00 2,959,596.69
B-2 0.00 0.00 12,200.46 0.00 2,089,127.02
B-3 0.00 0.00 7,116.93 0.00 1,218,657.34
B-4 0.00 0.00 4,066.82 0.00 696,375.34
B-5 0.00 0.00 6,100.24 0.00 1,044,565.31
Totals 0.00 0.00 2,050,845.16 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>
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
SA-1 51,614,813.00 7.00000% 876.07553901 5.11044068 0.00000000 0.00000000
SA-2 79,081,309.00 6.90000% 876.07553904 5.03743432 0.00000000 0.00000000
SA-3 9,700,000.00 7.00000% 1000.00000000 5.83333299 0.00000000 0.00000000
SA-4 15,253,691.00 7.00000% 993.98517841 5.79824713 0.00000000 0.00000000
SA-5 0.00 7.00000% 876.07553179 5.11043764 0.00000000 0.00000000
SA-X 0.00 0.57256% 899.79145806 0.42931744 0.00000000 0.00000000
A-1 126,652,919.00 6.87000% 913.68690650 5.23085757 0.00000000 0.00000000
A-2 19,168,000.00 7.00000% 1000.00000000 5.83333316 0.00000000 0.00000000
A-3 18,130,000.00 7.00000% 1000.00000000 5.83333315 0.00000000 0.00000000
A-4 9,500,000.00 7.00000% 1000.00000000 5.83333368 0.00000000 0.00000000
A-5 2,700,000.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000
A-6 0.00 7.00000% 913.68690662 5.32983859 0.00000000 0.00000000
A-7 2,500,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000
AX 0.00 0.66109% 941.44523009 0.51865256 0.00000000 0.00000000
R-I 50.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-II 50.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
M 7,701,171.00 7.00000% 995.80427704 5.80885816 0.00000000 0.00000000
B-1 2,975,452.00 7.00000% 995.80427780 5.80885862 0.00000000 0.00000000
B-2 2,100,319.00 7.00000% 995.80427545 5.80886046 0.00000000 0.00000000
B-3 1,225,186.00 7.00000% 995.80427788 5.80885678 0.00000000 0.00000000
B-4 700,106.00 7.00000% 995.80427821 5.80886323 0.00000000 0.00000000
B-5 1,050,161.64 7.00000% 995.80396976 5.80885815 0.00000000 0.00000000
<FN>
(5) per $1000 denomination
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
SA-1 0.00000000 0.00000000 5.11044068 0.00000000 861.69095624
SA-2 0.00000000 0.00000000 5.03743432 0.00000000 861.69095620
SA-3 0.00000000 0.00000000 5.83333299 0.00000000 1000.00000000
SA-4 0.00000000 0.00000000 5.79824713 0.00000000 992.43648504
SA-5 0.00000000 0.00000000 5.11043764 0.00000000 861.69095584
SA-X 0.00000000 0.00000000 0.42931744 0.00000000 888.04190786
A-1 0.00000000 0.00000000 5.23085757 0.00000000 890.24921052
A-2 0.00000000 0.00000000 5.83333316 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.83333315 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.83333368 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.32983859 0.00000000 890.24920880
A-7 0.00000000 0.00000000 6.25000000 0.00000000 1000.00000000
AX 0.00000000 0.00000000 0.51865256 0.00000000 925.54232349
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
M 0.00000000 0.00000000 5.80885816 0.00000000 994.67129350
B-1 0.00000000 0.00000000 5.80885862 0.00000000 994.67129364
B-2 0.00000000 0.00000000 5.80886046 0.00000000 994.67129517
B-3 0.00000000 0.00000000 5.80885678 0.00000000 994.67129073
B-4 0.00000000 0.00000000 5.80886323 0.00000000 994.67129263
B-5 0.00000000 0.00000000 5.80885815 0.00000000 994.67098227
<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>
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 7,037,305.71
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 7,037,305.71
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 97,569.91
Payment of Interest and Principal 6,939,735.80
Total Withdrawals (Pool Distribution Amount) 7,037,305.71
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
Gross Servicing Fee 94,778.12
Trustee Fee 2,689.73
Spread 1 Fee 102.07
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 97,569.91
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
Capitalized Interest Account 0.00 0.00 0.00 0.00
Prefunding Account 0.00 0.00 0.00 0.00
A7 Interest Reserve Account 8,333.35 1,041.66 0.00 7,291.69
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
30 Days 30 2,342,950.00 3.015075% 0.737062%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 1 247,558.00 0.100503% 0.077879%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 31 2,590,508.00 3.115578% 0.814940%
OTHER INFORMATION
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 2,163,013.00
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current Next
Original $ Original % Current $ Current % Class% Prepayment%
Class M 8,051,224.64 2.30000012% 8,008,321.70 2.51931380% 2.409778% 48.888889%
Class B-1 5,075,772.64 1.45000024% 5,048,725.01 1.58826319% 0.931051% 18.888886%
Class B-2 2,975,453.64 0.85000034% 2,959,597.99 0.93105102% 0.657212% 13.333331%
Class B-3 1,750,267.64 0.50000043% 1,740,940.65 0.54767727% 0.383374% 7.777776%
Class B-4 1,050,161.64 0.30000056% 1,044,565.31 0.32860665% 0.219071% 4.444442%
Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.328607% 6.666677%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
CREDIT ENHANCEMENT
Original $ Original % Current $ Current %
Bankruptcy 100,000.00 0.02856708% 100,000.00 0.03145870%
Fraud 3,500,532.00 0.99999992% 3,500,532.00 1.10122182%
Special Hazard 2,941,436.00 0.84028250% 2,941,436.00 0.92533749%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
COLLATERAL STATEMENT
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 7.882487%
Weighted AverageNet Coupon 7.620866%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity(Stepdown Calculation ) 297
Begin Scheduled Collateral Loan Count 1,008
Number Of Loans Paid In Full 13
End Scheduled Collateral Loan Count 995
Begining Scheduled Collateral Balance 322,767,034.69
Ending Scheduled Collateral Balance 317,877,102.38
Ending Actual Collateral Balance at 31-Aug-1998 318,206,630.90
Monthly P &I Constant 2,484,769.65
Class A Optimal Amount 6,831,426.82
Ending Scheduled Balance for Premium Loans 317,877,102.38
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 271,293,345.60
Greater Than 80%, less than or equal to 85% 10,533,092.36
Greater than 85%, less than or equal to 95% 32,973,302.46
Greater than 95% 3,406,890.48