Norwest Asset Securities Corp., Frederick, Md., has announced the offering of approximately $368 million of securities backed by fixed 10- and 15-year relocation and non-relocation mortgage loans.Credit enhancement for NASCOR Mortgage Pass-Through Certificates, Series 1998-27 will be provided through the use of a senior/subordinated structure. The underwriter is Bear Stearns, and the transaction is scheduled to settle on Oct. 29. Issuance and post-issuance information will be available after settlement from the SecuritiesLink Advanced Information Services website (http://www.securitieslink.net).
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