NASCOR Offers $650MM of MBS

Published June 10, 1998, 1:00 p.m. EDT

1 Min Read

Norwest Asset Securities Corp., Frederick, Md., has announced an offering of approximately $650 million of securities backed by fixed-rate, 20- and 30-year non-relocation mortgage loans.Credit enhancement will be provided via a senior/subordinated, shifting-interest structure. The offering is being made through Greenwich Capital, with a scheduled settlement date of July 28. Issuance and post-issuance data on NASCOR Mortgage Pass-Through Certificates, Series 1998-17 will be available after settlement from the SecuritiesLink Advanced Information Services website (www.securitieslink.net). NASCOR is a wholly owned subsidiary of Norwest Mortgage Inc., Des Moines, Iowa.

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