Item 1. Business.
Omitted
Item 2.
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.
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.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
None
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.
No established public trading market for the Certificates exists.
As of December 31, 1998, the number of holders of the publicly offered Certificates was
Item 6.
Item 6. Selected Financial Data.
Omitted
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Omitted
Item 8.
Item 8. Financial Statements and Supplementary Data.
See Item 14(a), Exhibits 99.1, 99.2, 99.3, for information provided in lieu of information required by Item 302 of Regulation S-K.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Exhibits
(99.1) Annual Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 1998.
a) AMERICA FIRST CREDIT UNION b) BANCOKLAHOMA MTG c) BANK OF AMERICA d) BANK UNITED e) COLUMBIA NATIONAL INC f) COUNTRYWIDE FUNDING g) FIRST UNION MTG CORP h) GMAC MTG CORP i) HIBERNIA NATIONAL BANK j) HOME SAVINGS OF AMERICA k) HOMESIDE LENDING INC (FL) l) HUNTINGTON MTG CO m) MARINE MIDLAND BANK n) MERRILL LYNCH CREDIT CORP o) NATIONAL CITY MTG CO p) NORWEST MTG INC q) SUN TRUST MTG INC
(99.2) Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 1998.
a) AMERICA FIRST CREDIT UNION b) BANCOKLAHOMA MTG c) BANK OF AMERICA d) BANK UNITED e) COLUMBIA NATIONAL INC f) COUNTRYWIDE FUNDING g) FIRST UNION MTG CORP h) GMAC MTG CORP i) HIBERNIA NATIONAL BANK j) HOME SAVINGS OF AMERICA k) HOMESIDE LENDING INC (FL) l) HUNTINGTON MTG CO m) MARINE MIDLAND BANK n) MERRILL LYNCH CREDIT CORP o) NATIONAL CITY MTG CO p) NORWEST MTG INC q) SUN TRUST MTG INC
(99.3) Annual Statements of Compliance under the Pooling and Servicing Agreements for the year ended December 31, 1998.
a) AMERICA FIRST CREDIT UNION b) BANCOKLAHOMA MTG c) BANK OF AMERICA d) BANK UNITED e) COLUMBIA NATIONAL INC f) COUNTRYWIDE FUNDING g) FIRST UNION MTG CORP h) GMAC MTG CORP i) HIBERNIA NATIONAL BANK j) HOME SAVINGS OF AMERICA k) HOMESIDE LENDING INC (FL) l) HUNTINGTON MTG CO m) MARINE MIDLAND BANK n) MERRILL LYNCH CREDIT CORP o) NATIONAL CITY MTG CO p) NORWEST MTG INC q) SUN TRUST MTG INC
(99.4) Aggregate Statement of Principal and Interest Distributions to Certificate Holders.
No distributions were made to Certificate Holders during the fiscal period covered by this report.
(b) No reports on Form 8-K have been filed during the last quarter of the period covered by this report.
(c) Not applicable.
(d) Omitted.
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 covered by this report: and (ii) will be included in an amendment to this report on Form 10-K/A to be filed within 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 1998-34 Trust
Signed: Norwest Bank Minnesota, N.A., as Master Servicer
By: Sherri J. Sharps, Vice President By: /s/ Sherri J. Sharps, Vice President
Dated: March 20, 1999
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)(i) No annual report is provided to the Certificateholders other than with respect to aggregate principal and interest distributions.
(a)(ii) 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.