8-K 1 we672274-8k.txt CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 29, 2002 (Date of earliest event reported) Commission File No. 333-74308 Wells Fargo Asset Securities Corporation -------------------------------------------------------------------------------- Delaware 52-1972128 -------------------------------------------------------------------------------- (State of Incorporation) I.R.S. Employer Identification No. 7485 New Horizon Way, Frederick, Maryland 21703 ----------------------------------------- ---------- Address of principal executive offices (Zip Code) (301) 846-8881 -------------------------------------------------------------------------------- Registrant's Telephone Number, including area code -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events On July 29, 2002, Wells Fargo Asset Securities Corporation, a Delaware corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series 2002-15, Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-PO, Class A-R, Class A-LR, Class B-1, Class B-2 and Class B-3 (the "Offered Certificates"), having an aggregate original principal balance of $398,623,223.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated as of July 29, 2002, among the Registrant, Wells Fargo Bank Minnesota, National Association, as master servicer (the "Master Servicer" or "Wells Fargo Bank") and Wachovia Bank, National Association, as trustee (the "Agreement"), a copy of which is filed as an exhibit hereto. Mortgage Pass-Through Certificates, Series 2002-15, Class B-4, Class B-5 and Class B-6 Certificates, having an aggregate initial principal balance of $2,003,322.58 (the "Private Class B Certificates" and, together with the Offered Certificates, the "Certificates"), were also issued pursuant to the Agreement. As of the date of initial issuance, the Offered Certificates evidenced an approximate 99.50% undivided interest in a trust fund (the "Trust Estate"), consisting principally of a pool of fixed interest rate, conventional, monthly pay, fully-amortizing, one-to four-family residential first mortgage loans, other than the Fixed Retained Yield (as defined in the Agreement), which may include loans secured by shares issued by cooperative housing corporations. The remaining undivided interests in the Trust Estate are evidenced by the Private Class B Certificates. Distributions on the Private Class B Certificates are subordinated to distributions on the Offered Certificates. Interest on the Offered Certificates will be distributed on each Distribution Date (as defined in the Agreement). Monthly distributions in reduction of the principal balance of the Offered Certificates will be allocated to the Offered Certificates in accordance with the priorities set forth in the Agreement. Distributions of interest and in reduction of principal balance on any Distribution Date will be made to the extent that the Pool Distribution Amount is sufficient therefor. Elections will be made to treat the Trust Estate as two REMICs for federal income tax purposes (the "Upper-Tier REMIC" and "Lower-Tier REMIC," respectively). Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-PO, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates will be treated as "regular interests" in the Upper-Tier REMIC and the Class A-R and Class A-LR Certificates will be treated as the "residual interests" in the Upper-Tier REMIC and Lower-Tier REMIC, respectively. ITEM 7. Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------------- ----------- (EX-4) Pooling and Servicing Agreement, dated as of July 29, 2002, among Wells Fargo Asset Securities Corporation, Wells Fargo Bank Minnesota, National Association and Wachovia Bank, National Association, as trustee. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WELLS FARGO ASSET SECURITIES CORPORATION July 29, 2002 /s/ Alan S. McKenney ---------------------------------------- Alan S. McKenney Vice President INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing Agreement, dated as E of July 29, 2002 among Wells Fargo Asset Securities Corporation, Wells Fargo Bank Minnesota, National Association and Wachovia Bank, National Association, as trustee.

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 7/31/02 Distribution Date: 8/26/02 WFMBS Series: 2002-15 Contact: Customer Service - SecuritiesLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-PO 94979AAJ6 PO 0.00000% 1,158,123.54 0.00 2,483.91 A-1 94979AAA5 SEQ 5.50000% 190,000,000.00 870,699.34 6,438,067.74 A-2 94979AAB3 SEQ 2.39000% 95,000,000.00 189,179.22 3,219,033.87 A-3 94979AAC1 SEQ 6.11000% 0.00 483,633.90 0.00 A-4 94979AAD9 SEQ 6.50000% 20,500,000.00 111,024.58 108,316.66 A-5 94979AAE7 SEQ 6.50000% 22,351,000.00 121,049.29 0.00 A-6 94979AAF4 SEQ 6.50000% 19,760,000.00 107,016.86 (107,016.86) A-7 94979AAG2 SEQ 6.50000% 240,000.00 1,299.80 (1,299.80) A-8 94979AAH0 SEQ 6.50000% 40,600,000.00 219,882.83 0.00 A-R 94979AAK3 RES 6.50000% 50.00 0.27 50.00 A-LR 94979AAL1 RES 6.50000% 50.00 0.27 50.00 B-1 94979AAM9 SUB 6.50000% 5,208,000.00 28,205.66 4,355.90 B-2 94979AAN7 SUB 6.50000% 2,203,000.00 11,931.08 1,842.56 B-3 94979AAP2 SUB 6.50000% 1,603,000.00 8,681.58 1,340.73 B-4 94979AAQ0 SUB 6.50000% 601,000.00 3,254.92 502.67 B-5 94979AAR8 SUB 6.50000% 801,000.00 4,338.08 669.95 B-6 94979AAS6 SUB 6.50000% 601,322.58 3,256.66 502.93 Totals 400,626,546.12 2,163,454.34 9,668,900.26

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 1,155,639.63 2,483.91 0.00 A-1 0.00 183,561,932.26 7,308,767.08 0.00 A-2 0.00 91,780,966.13 3,408,213.09 0.00 A-3 0.00 0.00 483,633.90 0.00 A-4 0.00 20,391,683.34 219,341.24 0.00 A-5 0.00 22,351,000.00 121,049.29 0.00 A-6 0.00 19,867,016.86 0.00 0.00 A-7 0.00 241,299.80 0.00 0.00 A-8 0.00 40,600,000.00 219,882.83 0.00 A-R 0.00 0.00 50.27 0.00 A-LR 0.00 0.00 50.27 0.00 B-1 0.00 5,203,644.10 32,561.56 0.00 B-2 0.00 2,201,157.44 13,773.64 0.00 B-3 0.00 1,601,659.27 10,022.31 0.00 B-4 0.00 600,497.33 3,757.59 0.00 B-5 0.00 800,330.05 5,008.03 0.00 B-6 0.00 600,819.65 3,759.59 0.00 Totals 0.00 390,957,645.86 11,832,354.60 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-PO 1,158,123.54 1,158,123.54 1,055.98 1,427.93 0.00 0.00 A-1 190,000,000.00 190,000,000.00 216,594.60 6,221,473.14 0.00 0.00 A-2 95,000,000.00 95,000,000.00 108,297.30 3,110,736.57 0.00 0.00 A-3 0.00 0.00 0.00 0.00 0.00 0.00 A-4 20,500,000.00 20,500,000.00 3,644.08 104,672.59 0.00 0.00 A-5 22,351,000.00 22,351,000.00 0.00 0.00 0.00 0.00 A-6 19,760,000.00 19,760,000.00 0.00 0.00 (107,016.86) 0.00 A-7 240,000.00 240,000.00 0.00 0.00 (1,299.80) 0.00 A-8 40,600,000.00 40,600,000.00 0.00 0.00 0.00 0.00 A-R 50.00 50.00 1.68 48.32 0.00 0.00 A-LR 50.00 50.00 1.68 48.32 0.00 0.00 B-1 5,208,000.00 5,208,000.00 4,355.90 0.00 0.00 0.00 B-2 2,203,000.00 2,203,000.00 1,842.56 0.00 0.00 0.00 B-3 1,603,000.00 1,603,000.00 1,340.73 0.00 0.00 0.00 B-4 601,000.00 601,000.00 502.67 0.00 0.00 0.00 B-5 801,000.00 801,000.00 669.95 0.00 0.00 0.00 B-6 601,322.58 601,322.58 502.93 0.00 0.00 0.00 Totals 400,626,546.12 400,626,546.12 338,810.06 9,438,406.87 (108,316.66) 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-PO 2,483.91 1,155,639.63 0.99785523 2,483.91 A-1 6,438,067.74 183,561,932.26 0.96611543 6,438,067.74 A-2 3,219,033.87 91,780,966.13 0.96611543 3,219,033.87 A-3 0.00 0.00 0.00000000 0.00 A-4 108,316.66 20,391,683.34 0.99471626 108,316.66 A-5 0.00 22,351,000.00 1.00000000 0.00 A-6 (107,016.86) 19,867,016.86 1.00541583 (107,016.86) A-7 (1,299.80) 241,299.80 1.00541583 (1,299.80) A-8 0.00 40,600,000.00 1.00000000 0.00 A-R 50.00 0.00 0.00000000 50.00 A-LR 50.00 0.00 0.00000000 50.00 B-1 4,355.90 5,203,644.10 0.99916361 4,355.90 B-2 1,842.56 2,201,157.44 0.99916361 1,842.56 B-3 1,340.73 1,601,659.27 0.99916361 1,340.73 B-4 502.67 600,497.33 0.99916361 502.67 B-5 669.95 800,330.05 0.99916361 669.95 B-6 502.93 600,819.65 0.99916363 502.93 Totals 9,668,900.26 390,957,645.86 0.97586555 9,668,900.26

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 1,158,123.54 1000.00000000 0.91180255 1.23296863 0.00000000 A-1 190,000,000.00 1000.00000000 1.13997158 32.74459547 0.00000000 A-2 95,000,000.00 1000.00000000 1.13997158 32.74459547 0.00000000 A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-4 20,500,000.00 1000.00000000 0.17776000 5.10598000 0.00000000 A-5 22,351,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-6 19,760,000.00 1000.00000000 0.00000000 0.00000000 (5.41583300) A-7 240,000.00 1000.00000000 0.00000000 0.00000000 (5.41583333) A-8 40,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 50.00 1000.00000000 33.60000000 966.40000000 0.00000000 A-LR 50.00 1000.00000000 33.60000000 966.40000000 0.00000000 B-1 5,208,000.00 1000.00000000 0.83638633 0.00000000 0.00000000 B-2 2,203,000.00 1000.00000000 0.83638675 0.00000000 0.00000000 B-3 1,603,000.00 1000.00000000 0.83638802 0.00000000 0.00000000 B-4 601,000.00 1000.00000000 0.83638935 0.00000000 0.00000000 B-5 801,000.00 1000.00000000 0.83639201 0.00000000 0.00000000 B-6 601,322.58 1000.00000000 0.83637305 0.00000000 0.00000000 (2) Per $1000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-PO 0.00000000 2.14477119 997.85522881 0.99785523 2.14477119 A-1 0.00000000 33.88456705 966.11543295 0.96611543 33.88456705 A-2 0.00000000 33.88456705 966.11543295 0.96611543 33.88456705 A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00000000 5.28373951 994.71626049 0.99471626 5.28373951 A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-6 0.00000000 (5.41583300) 1,005.41583300 1.00541583 (5.41583300) A-7 0.00000000 (5.41583333) 1,005.41583333 1.00541583 (5.41583333) A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 A-LR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 B-1 0.00000000 0.83638633 999.16361367 0.99916361 0.83638633 B-2 0.00000000 0.83638675 999.16361325 0.99916361 0.83638675 B-3 0.00000000 0.83638802 999.16361198 0.99916361 0.83638802 B-4 0.00000000 0.83638935 999.16361065 0.99916361 0.83638935 B-5 0.00000000 0.83639201 999.16360799 0.99916361 0.83639201 B-6 0.00000000 0.83637305 999.16362695 0.99916363 0.83637305 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-PO 1,158,123.54 0.00000% 1,158,123.54 0.00 0.00 0.00 A-1 190,000,000.00 5.50000% 190,000,000.00 870,833.33 0.00 0.00 A-2 95,000,000.00 2.39000% 95,000,000.00 189,208.33 0.00 0.00 A-3 0.00 6.11000% 95,000,000.00 483,708.33 0.00 0.00 A-4 20,500,000.00 6.50000% 20,500,000.00 111,041.67 0.00 0.00 A-5 22,351,000.00 6.50000% 22,351,000.00 121,067.92 0.00 0.00 A-6 19,760,000.00 6.50000% 19,760,000.00 107,033.33 0.00 0.00 A-7 240,000.00 6.50000% 240,000.00 1,300.00 0.00 0.00 A-8 40,600,000.00 6.50000% 40,600,000.00 219,916.67 0.00 0.00 A-R 50.00 6.50000% 50.00 0.27 0.00 0.00 A-LR 50.00 6.50000% 50.00 0.27 0.00 0.00 B-1 5,208,000.00 6.50000% 5,208,000.00 28,210.00 0.00 0.00 B-2 2,203,000.00 6.50000% 2,203,000.00 11,932.92 0.00 0.00 B-3 1,603,000.00 6.50000% 1,603,000.00 8,682.92 0.00 0.00 B-4 601,000.00 6.50000% 601,000.00 3,255.42 0.00 0.00 B-5 801,000.00 6.50000% 801,000.00 4,338.75 0.00 0.00 B-6 601,322.58 6.50000% 601,322.58 3,257.16 0.00 0.00 Totals 400,626,546.12 2,163,787.29 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-PO 0.00 0.00 0.00 0.00 1,155,639.63 A-1 134.00 0.00 870,699.34 0.00 183,561,932.26 A-2 29.11 0.00 189,179.22 0.00 91,780,966.13 A-3 74.43 0.00 483,633.90 0.00 91,780,966.13 A-4 17.09 0.00 111,024.58 0.00 20,391,683.34 A-5 18.63 0.00 121,049.29 0.00 22,351,000.00 A-6 16.47 0.00 107,016.86 0.00 19,867,016.86 A-7 0.20 0.00 1,299.80 0.00 241,299.80 A-8 33.84 0.00 219,882.83 0.00 40,600,000.00 A-R 0.00 0.00 0.27 0.00 0.00 A-LR 0.00 0.00 0.27 0.00 0.00 B-1 4.34 0.00 28,205.66 0.00 5,203,644.10 B-2 1.84 0.00 11,931.08 0.00 2,201,157.44 B-3 1.34 0.00 8,681.58 0.00 1,601,659.27 B-4 0.50 0.00 3,254.92 0.00 600,497.33 B-5 0.67 0.00 4,338.08 0.00 800,330.05 B-6 0.50 0.00 3,256.66 0.00 600,819.65 Totals 332.96 0.00 2,163,454.34 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-PO 1,158,123.54 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 A-1 190,000,000.00 5.50000% 1000.00000000 4.58333332 0.00000000 0.00000000 A-2 95,000,000.00 2.39000% 1000.00000000 1.99166663 0.00000000 0.00000000 A-3 0.00 6.11000% 1000.00000000 5.09166663 0.00000000 0.00000000 A-4 20,500,000.00 6.50000% 1000.00000000 5.41666683 0.00000000 0.00000000 A-5 22,351,000.00 6.50000% 1000.00000000 5.41666682 0.00000000 0.00000000 A-6 19,760,000.00 6.50000% 1000.00000000 5.41666650 0.00000000 0.00000000 A-7 240,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 A-8 40,600,000.00 6.50000% 1000.00000000 5.41666675 0.00000000 0.00000000 A-R 50.00 6.50000% 1000.00000000 5.40000000 0.00000000 0.00000000 A-LR 50.00 6.50000% 1000.00000000 5.40000000 0.00000000 0.00000000 B-1 5,208,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 B-2 2,203,000.00 6.50000% 1000.00000000 5.41666818 0.00000000 0.00000000 B-3 1,603,000.00 6.50000% 1000.00000000 5.41666875 0.00000000 0.00000000 B-4 601,000.00 6.50000% 1000.00000000 5.41667221 0.00000000 0.00000000 B-5 801,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 B-6 601,322.58 6.50000% 1000.00000000 5.41666006 0.00000000 0.00000000 (5) All classes are per $1000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-PO 0.00000000 0.00000000 0.00000000 0.00000000 997.85522881 A-1 0.00070526 0.00000000 4.58262811 0.00000000 966.11543295 A-2 0.00030642 0.00000000 1.99136021 0.00000000 966.11543295 A-3 0.00078347 0.00000000 5.09088316 0.00000000 966.11543295 A-4 0.00083366 0.00000000 5.41583317 0.00000000 994.71626049 A-5 0.00083352 0.00000000 5.41583330 0.00000000 1000.00000000 A-6 0.00083350 0.00000000 5.41583300 0.00000000 1005.41583300 A-7 0.00083333 0.00000000 5.41583333 0.00000000 1005.41583333 A-8 0.00083350 0.00000000 5.41583325 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 5.40000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 5.40000000 0.00000000 0.00000000 B-1 0.00083333 0.00000000 5.41583333 0.00000000 999.16361367 B-2 0.00083522 0.00000000 5.41583296 0.00000000 999.16361325 B-3 0.00083593 0.00000000 5.41583281 0.00000000 999.16361198 B-4 0.00083195 0.00000000 5.41584027 0.00000000 999.16361065 B-5 0.00083645 0.00000000 5.41583021 0.00000000 999.16360799 B-6 0.00083150 0.00000000 5.41582856 0.00000000 999.16362695 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 11,821,287.25 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 90,447.52 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 11,911,734.77 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 79,380.17 Payment of Interest and Principal 11,832,354.60 Total Withdrawals (Pool Distribution Amount) 11,911,734.77 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 10,305.73 Servicing Fee Support 9,972.77 Non-Supported Prepayment/Curtailment Interest Shortfall 332.96

SERVICING FEES Gross Servicing Fee 83,678.24 Master Servicing Fee 5,674.70 Supported Prepayment/Curtailment Interest Shortfall 9,972.77 Net Servicing Fee 79,380.17

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5 0 0 0 5 2,426,900.00 0.00 0.00 0.00 2,426,900.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5 0 0 0 5 2,426,900.00 0.00 0.00 0.00 2,426,900.00 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.600240% 0.000000% 0.000000% 0.000000% 0.600240% 0.622980% 0.000000% 0.000000% 0.000000% 0.622980% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.600240% 0.000000% 0.000000% 0.000000% 0.600240% 0.622980% 0.000000% 0.000000% 0.000000% 0.622980%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 358,258.25

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 11,017,322.58 2.75002310% 11,008,107.84 2.81567785% 97.175975% 100.000000% Class B-1 5,809,322.58 1.45005932% 5,804,463.74 1.48467840% 1.334945% 0.000000% Class B-2 3,606,322.58 0.90017065% 3,603,306.30 0.92166155% 0.564686% 0.000000% Class B-3 2,003,322.58 0.50004739% 2,001,647.03 0.51198565% 0.410890% 0.000000% Class B-4 1,402,322.58 0.35003237% 1,401,149.70 0.35838913% 0.154052% 0.000000% Class B-5 601,322.58 0.15009554% 600,819.65 0.15367896% 0.205317% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.154135% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 6.899689% Weighted Average Pass-Through Rate 6.500000% Weighted Average Maturity(Stepdown Calculation ) 357 Beginning Scheduled Collateral Loan Count 849 Number Of Loans Paid In Full 16 Ending Scheduled Collateral Loan Count 833 Beginning Scheduled Collateral Balance 400,626,546.12 Ending Scheduled Collateral Balance 390,957,645.87 Ending Actual Collateral Balance at 31-Jul-2002 389,563,176.47 Ending Scheduled Balance For Wells Fargo Serviced 350,926,176.67 Ending Scheduled Balance For Other Servicers 40,031,469.20 Monthly P &I Constant 2,594,234.42 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,761,311.74 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 264,302,342.28 Ending scheduled Balance For discounted Loans 126,655,303.59 Scheduled Principal 335,165.98 Unscheduled Principal 9,333,734.27 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 383,183,040.61 Greater Than 80%, less than or equal to 85% 706,247.54 Greater than 85%, less than or equal to 95% 7,107,536.52 Greater than 95% 0.00

Filing Compare · WELLS FARGO ASSET SECURITIES CORP MORT BK SEC 2002-15 TRUST