Mary Cochrane: Wells Fargo Asset Securities Corp [ formerly Norwest Asset Securities Corp ]

submitted by Mary Cochrane

Let’s see Bet Belfield Officer 655 Registrants for Wells Fargo Bank NA, Sioux Falls SD
part of Wells Fargo & Co/MN formerly known as Norwest Corporation (you know prior to 11/2/98)

Filed by the most interesting Filing Agent of them all on all of the dirty deeds 10K’s where Wells FArgo Bank NA is TRUTSEE moving currency to the window:
Norwest Asset Sec Corp Mort Ps Thr Cert Ser 1998-1 Trust – with 25,837 FILINGS!!!!
Registrant
Office Address Map… Mail Address Map…
C/O Norwest Bank Minnesota N A
1100 Broken Land Parkway
Columbai, Maryland 21703
U.S.A. Norwest Bank Minnesota N A
1100 Broken Land Parkway
Columbai, Maryland 21703
U.S.A.

Phone Number Incorporated In IRS Number Fiscal-Year End SEC CIK #
1-301-696-7900 New York, U.S.A. – 12/31 1056404

SIC Code Industry Source As Of
6189 Asset-Backed Securities (ABSs) SEC 12/20/99

Remember I’ve shared and will continue to share until someone hears me… Hello CONGRESS ANYONE HOME?

Anytime Congressman Scott Garrett you say No and I say Why and you say I don’t know…. Ohhhhh but I do and would that be a problem for you? Word on the streets is that Congressman Scott Garrett wants to be Barney Frank.

3/10/11 Wells Fargo Asset Securities Corp [ formerly Norwest Asset Securities Corp ]

OK in 1996, Norwest Corporation announced their newly acquired affiliate (largest producer of non-conforming mortgage products) … Norwest Asset Securities Corp was renamed to Wells Fargo Asset Securities Corp.

All of the UNIQUE consumer transactions where money pushed ot the window filings are not public rather private thru this uniqe Norwest Asset Sec….Trust. Unless you click on the name you’d never know and unless you click on Registrant you’d never know. And unless you studied Wells Fargo & Co. on the SEC and FFIEC you’d never know. Am I showing off. You bet. Am I in stranger danger you bet!

Registrant
Formerly Assigned On
Norwest Asset Securities Corp 7/17/96
Norwest Asset Securties Corp 6/11/96

Office Address Map… Mail Address Map…
7485 New Horizon Way
Frederick, Maryland 21703
U.S.A. 7485 New Horizon Way
Frederidk, Maryland 21703
U.S.A.

Phone Number Incorporated In IRS Number Fiscal-Year End SEC CIK #
1-301-846-8881 Delaware, U.S.A. 52-1972128 12/31 1011663

SIC Code Industry Source As Of
6189 Asset-Backed Securities (ABSs) SEC 3/10/11

Registration to sell securities offering.

http://www.secinfo.com/dRqWm.95ph.d.htm
For those who may be interested in Article of Incorporation / Organization By-Laws filed 4/3/96
Filing Agent Merril Corp.

http://www.secinfo.com/d1Z7kr.vr6.htm#1stPage

NORWEST ASSET SECURITIES CORPORATION
(Exact name of registrant as specified in governing instruments)

11000 BROKEN LAND PARKWAY
COLUMBIA, MARYLAND 21044-3562
(410) 884-2000
(Address of principal executive offices)

STEPHEN D. MORRISON, ESQ.
PRESIDENT AND SECRETARY
NORWEST ASSET SECURITIES CORPORATION
C/O NORWEST MORTGAGE, INC.
405 SOUTHWEST 5TH STREET
DES MOINES, IOWA 50328
(515) 221-7520
(Name and address of agent for service)
————————–

COPIES TO:
JORDAN M. SCHWARTZ, ESQ.
CADWALADER, WICKERSHAM & TAFT
100 MAIDEN LANE
NEW YORK, NEW YORK 10038
(212) 504-6000
————————–
If any of the securities being registered on this form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, please check the following box. /X/
———————————————

Prospectus Supplement
Title of Securities: Mortgage Pass-Through Certificates, Series 199-Certificates (the “Series 199- Certificates” or the “Certificates”).

Seller: Norwest Asset Securities Corporation
Participant: Norwest Mortgage, Inc.
Servicing Servicers – Norwest Mortgage and
Correspondents
Master Servicer- Norwest Bank Minnesota, National Association “Norwest Bank” is a direct, wholly owned subsidiary of Norwest Corporation and is an affiliate of the SELLER.

Master Servicer will
(a) monitor certain aspects of the servicing of the mortgagre loans
(b) cause the mortgage loans to be servied in the event that a Servicer is terminated and a successor Servicer is not appointed,
(c) provide administrative services with respect to the Certificates,
(d) provide certain reports to the Trustee regarding the Mortgage Loans and the Certificates
(e) made advances, to th eextent described herein with respect ot the Mortgage Loans if a SERVICER other than Norwest Mortgage fails to make a required advance. The Master Servicer will be entitled to
(i) a monthly Master Servicing FEE with respect to each Mortgage Loan, payable on each Distribution Date, in an amount equal to one-twelfth of a fixed percentage per annum multiplied by the Scheduled principal balance of such Mortgage Loan…

Trustee: A National Banking Assocaition

In addition to performing the normal duties of trusee with respect to the Certificates, make advances to the extent described herin, with respect to the Mortgage Loans if Norwest Mortgage is Servicer, as Servicer, fails to make a required adevance.

It is a condition to the issuance that the Rating of the Certificates offered by this Prospectus Supplement and the Prospectus that they shall ‘have been’ rated (Aaa by Moody’s Investors Service, ind
“AAA” by Fitch Investors Service, LP
Duff & Phelps Credit Rating Co
and AAA and AAAr by Standard and Poors and Aa by Moody’s…..

Important sorry copied entire DTC section for this is how the 1996 joint ventures creating the largest producer of non-conforming mortgage products happenstanced:

BOOK-ENTRY FORM.
The Offered Certificates, other than the Class A-R, Class AP and Class M Certificates, will be issued in book-entry form, through the facilities of The Depository Trust Company (“DTC”).

These Certificates are referred to collectively in this Prospectus Supplement as the “Book-Entry Certificates.”

An investor in a Subclass of Book-Entry Certificates will not receive a physical certificate representing its ownership interest in such Book-Entry Certificates, except under extraordinary circumstances which are discussed in “Description of the Certificates — Book-Entry Form” in the Prospectus.

Instead, DTC will effect payments and transfers by means of its electronic recordkeeping services, acting through certain participating organizations. This may result in certain delays in receipt of distributions by an investor and
may restrict an investor’s ability to pledge its
securities.

The rights of investors in the Book-Entry Certificates may generally only be exercised through DTC and its participating organizations. See “Description of the Certificates — Denominations” and “– Book-Entry
Form” in this Prospectus Supplement and “Description of the Certificates — Book-Entry Form” in the Prospectus.

DEFINITIVE FORM. The Class A-R, Class AP and Class M Certificates will each be issued as Definitive Certificates. See “Description of the Certificates — Denominations” and “– Definitive Form” in this Prospectus Supplement and “Description of the
Certificates — Definitive Form” in the Prospectus.

ORTGAGE LOAN DATA.
The Mortgage Loans, which are the
source of distributions to holders of the Series 199 -Certificates, will consist of conventional, …,
residential first mortgage loans, having
original terms to stated maturity of approximately
years, which may include loans secured by shares issued by cooperative housing corporations.

The Mortgage Loans are expected to have the further specifications set
forth in the following table and under the heading “Description of the Mortgage Loans” in this Prospectus Supplement.

Underwriting Standards: Norwest Mortgage Underwritten Loans were generally originated in conformity with Norwest Mortgage’s underwriting standards applied either by Norwest Mortgage or Correspondents to whom Norwest Mortgage had delegated all underwriting functions.

Norwest mortgage’s underwriting standards may have been granted by:
Norwest Mortgage … in the Prospectus.

The Mortgage Loans will have been reviewed by
General Electric Mortgage Insurance Corporation (“GEMICO”) and
United Guarranty Residential Insurance Co (“UGRIC”) respectifely, to ensure compliance with their respective credit, appraisal and underwriting standards.

Neither the Series 199-Certificates nor the Mortgage Loans are insured or guaranteed under a mortgage pool insurance policy issued by GEMICO or UGRIC.

The Pool Certification Underwritten Loans were evaluated by Norwest Mortgage using credit scoring ….rewritten by Norwest Mortgage….re-underwritten.

The BULK PURCHASE UNDERWRITTEN LOANS were purchased by Norwest Mortgage from one or more Correspondents and were underwritten ….

Credit Enhancements:
Shifting-Interest Subordination
In general, the protection afforded the holders of the Senior Certificates by means of this subordination will be effected in two ways: (i) by the preferential right of the holders of the Senior Certificates to receive, prior to any distribution being

Trust Estate as a real estate mortgage investment conduit (the “REMIC”) for federal income tax purposes.

The Regular Certificates (as defined herein) generally will be treated as newly originated debt instruments for federal income tax purposes. Beneficial owners of the Regular Certificates will be required to report income thereon in accordance with the accrual method of
accounting.

Legal Investment…………….
[The Offered Certificates will constitute “mortgage related securities” for purposes of the Secondary Mortgage
Market Enhancement Act of 1984 (the “Enhancement Act”) so
long as they are rated in one of the two highest rating categories by at least one nationally recognized statistical rating organization.

As such, the Offered Certificates are legal investments for certain entities to
the extent provided in such act.

However, there are regulatory requirements and considerations applicable to
regulated financial institutions and restrictions on the ability of such institutions to invest in certain types of mortgage rated securities.]

[The Offered Certificates will
not constitute “mortgage related securities” under the Secondary Mortgage Market Enhancement Act of 1984 (the “Enhancement Act”).
Each Subclass of the Book-Entry Certificates initially will be represented
by one physical certificate registered in the name of Cede & Co. (“Cede”), as
nominee of DTC, which will be the “holder” or “Certificateholder” of such
Certificates, as such terms are used herein. No person acquiring an interest in
the Book-Entry Certificates (a “Beneficial Owner”) will be entitled to receive a
Definitive Certificate representing such person’s interest in the Book-Entry
Certificates, except as set forth under “Description of the Certificates —
Book-Entry Form” in the Prospectus.

USE OF PROCEEDS

The net proceeds from the sale of each Series of Certificates will be used
by the Seller for the purchase of the Mortgage Loans represented by the
Certificates of such Series from Norwest Mortgage. It is expected that Norwest
Mortgage will use the proceeds from the sale of the Mortgage Loans to the Seller
for its general business purposes, including, without limitation, the
origination or acquisition of new mortgage loans and the repayment of borrowings
incurred to finance the origination or acquisition of mortgage loans, including
the Mortgage Loans underlying the Certificates of such Series.

/s/ STEPHEN D. MORRISON President

Norwest Integrated Structured Assets Inc [ formerly Norwest Structured Assets Inc ]
Wells Fargo Asset Securities Corp [ formerly Norwest Asset Securities Corp ]

Alta Jones
SVP and CFO

15 Registrants:
IsoRay/Inc [ formerly Century Park Pictures Corp ]
Morgan Stanley Capital I Inc Mort Pass Thro Cert Ser 1996-1
Norwest Asset Sec Corp Mort Pass Thr Cert Ser 1996-06 Trust
Norwest Asset Sec Corp Mort Pass Thro Cert Ser 1996-01 Tr
Norwest Asset Securities Corp Mort Pass Thr Cert Ser 1996-2
Norwest Asset Securities Corp Mort Pass Thr Cert Ser 1996-3
Norwest Asset Securities Corp Mort Pass Thr Cert Ser 1996-4
Norwest Asset Securities Corp Mort Pass Thr Cert Ser 1996-5
Norwest Asset Securities Corp Mort Pass Thr Cert Ser 1996-7
Norwest Asset Securties Corp Mort Pass Thr Cert Ser 1996-08
Norwest Integrated Structured Assets Inc [ formerly Norwest Structured Assets Inc ]
Norwest Mortgage Pass Through Certificates Ser 1996-09 Trust
Structured Asset Securities Corp [ formerly Structured Asset Sec Corp Series 1998-2 ]
Structured Asset Securities Corp Series 1996-5
Wells Fargo Asset Securities Corp [ formerly Norwest Asset Securities Corp ]

Mark Faris
EVP & Director
Sri Surgical Express Inc [ formerly Sterile Recoveries Inc ]
Verecloud/Inc [ formerly Network Cadence/Inc ]
Wells Fargo Asset Securities Corp [ formerly Norwest Asset Securities Corp ]

Senior Vice President and Chief
/s/ MARK FARIS

/s/ ROBERT GORSCHE
March 29, 1996
Robert Gorsche
Norwest Integrated Structured Assets Inc [ formerly Norwest Structured Assets Inc ]

Wells Fargo Asset Securities Corp [ formerly Norwest Asset Securities Corp ]

Tags: borrower, credit crisis, creditor, disclosure, Eviction, foreclosure, foreclosure defense, foreclosure offense, Lender Liability, predatory lending, rescission, securitization, TILA audit, trustee, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |