NASCOR Offers $200MM Deal

Published August 27, 1998, 1:00 p.m. EDT

1 Min Read

Norwest Asset Securities Corp., Frederick, Md., has announced the offering of approximately $200 million of securities backed by fixed 20- and 30-year non-relocation mortgage loans.Credit enhancement for NASCOR Mortgage Pass-Through Certificates, Series 1998-24 will be provided through the use of a senior/subordinated structure. The underwriter is PaineWebber Inc., and the transaction is scheduled to settle on Sept. 30. 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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