8-K 1 we680094-8k.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: September 26, 2002 (Date of earliest event reported) Commission File No. 333-98129 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 September 26, 2002, Wells Fargo Asset Securities Corporation, a Delaware corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series 2002-E, Class I-A-1, Class I-A-R, Class I-A-LR, II-A-1, Class M Class B-1, Class B-2 and Class B-3 (the "Offered Certificates"), having an aggregate original principal balance of $1,194,962,800.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated as of September 26, 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-E, Class B-4, Class B-5 and Class B-6 Certificates, having an aggregate initial principal balance of $5,401,695.78 (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 99.55% undivided interest in a trust fund (the "Trust Estate"), consisting principally of two pools of adjustable interest rate, conventional, monthly pay, fully-amortizing, one-to four-family residential first mortgage loans, which may include loans secured by shares issued by cooperative housing corporations. Some of the Mortgage Loans were originated in connection with the relocation of employees by various corporate employers that participated in the relocation program of Wells Fargo Home Mortgage, Inc. and of the employees of various non-participant employers. 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 Amounts are 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 I-A-1, Class II-A-1, Class M, 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 I-A-R and Class I-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 September 26, 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 September 26, 2002 /s/ Patrick Greene -------------------------------------- Patrick Greene Vice President INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing E Agreement, dated as of September 26, 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: 10/31/02 Distribution Date: 11/25/02 WFMBS Series: 2002-E Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A-1 94979JAA6 SEN 4.96676% 643,434,326.76 2,661,765.47 108,993,715.2 I-A-R 94979JAB4 RES 4.95480% 0.00 0.00 0.00 I-A-LR 94979JAC2 RES 4.95480% 0.00 0.00 0.00 II-A-1 94979JAD0 SEN 5.21789% 425,808,363.04 1,850,552.96 30,256,923.65 M 94979JAE8 SUB 5.06312% 31,176,494.85 131,473.44 31,085.31 B-1 94979JAF5 SUB 5.06312% 13,789,501.68 58,151.28 13,749.17 B-2 94979JAG3 SUB 5.06312% 5,395,987.51 22,755.25 5,380.20 B-3 94979JAH1 SUB 5.06312% 4,196,856.98 17,698.44 4,184.58 B-4 94979JAJ7 SUB 5.06312% 1,798,595.91 7,584.80 1,793.34 B-5 94979JAK4 SUB 5.06312% 1,798,595.91 7,584.80 1,793.34 B-6 94979JAL2 SUB 5.06312% 1,798,791.47 7,585.63 1,793.53 Totals 1,129,197,514.1 4,765,152.07 139,310,418.3

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 534,440,611.49 111,655,480.74 0.00 I-A-R 0.00 0.00 0.00 0.00 I-A-LR 0.00 0.00 0.00 0.00 II-A-1 0.00 395,551,439.38 32,107,476.61 0.00 M 0.00 31,145,409.54 162,558.75 0.00 B-1 0.00 13,775,752.51 71,900.45 0.00 B-2 0.00 5,390,607.31 28,135.45 0.00 B-3 0.00 4,192,672.40 21,883.02 0.00 B-4 0.00 1,796,802.57 9,378.14 0.00 B-5 0.00 1,796,802.57 9,378.14 0.00 B-6 0.00 1,796,997.94 9,379.16 0.01 Totals 0.00 989,887,095.71 144,075,570.46 0.01 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) I-A-1 702,781,300.00 643,434,326.76 629,532.38 108,364,182.89 0.00 0.00 I-A-R 50.00 0.00 0.00 0.00 0.00 0.00 I-A-LR 50.00 0.00 0.00 0.00 0.00 0.00 II-A-1 437,564,800.00 425,808,363.04 437,338.86 29,819,584.79 0.00 0.00 M 31,209,500.00 31,176,494.85 31,085.31 0.00 0.00 0.00 B-1 13,804,100.00 13,789,501.68 13,749.17 0.00 0.00 0.00 B-2 5,401,700.00 5,395,987.51 5,380.20 0.00 0.00 0.00 B-3 4,201,300.00 4,196,856.98 4,184.58 0.00 0.00 0.00 B-4 1,800,500.00 1,798,595.91 1,793.34 0.00 0.00 0.00 B-5 1,800,500.00 1,798,595.91 1,793.34 0.00 0.00 0.00 B-6 1,800,695.78 1,798,791.47 1,793.53 0.00 0.00 0.00 Totals 1,200,364,495.78 1,129,197,514.11 1,126,650.71 138,183,767.68 0.00 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 I-A-1 108,993,715.27 534,440,611.49 0.76046504 108,993,715.27 I-A-R 0.00 0.00 0.00000000 0.00 I-A-LR 0.00 0.00 0.00000000 0.00 II-A-1 30,256,923.65 395,551,439.38 0.90398368 30,256,923.65 M 31,085.31 31,145,409.54 0.99794644 31,085.31 B-1 13,749.17 13,775,752.51 0.99794644 13,749.17 B-2 5,380.20 5,390,607.31 0.99794644 5,380.20 B-3 4,184.58 4,192,672.40 0.99794645 4,184.58 B-4 1,793.34 1,796,802.57 0.99794644 1,793.34 B-5 1,793.34 1,796,802.57 0.99794644 1,793.34 B-6 1,793.53 1,796,997.94 0.99794644 1,793.53 Totals 139,310,418.39 989,887,095.71 0.82465543 139,310,418.39

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 702,781,300.00 915.55413720 0.89577281 154.19332144 0.00000000 I-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 437,564,800.00 973.13212361 0.99948364 68.14895711 0.00000000 M 31,209,500.00 998.94246463 0.99602076 0.00000000 0.00000000 B-1 13,804,100.00 998.94246492 0.99602075 0.00000000 0.00000000 B-2 5,401,700.00 998.94246441 0.99601977 0.00000000 0.00000000 B-3 4,201,300.00 998.94246543 0.99602028 0.00000000 0.00000000 B-4 1,800,500.00 998.94246598 0.99602333 0.00000000 0.00000000 B-5 1,800,500.00 998.94246598 0.99602333 0.00000000 0.00000000 B-6 1,800,695.78 998.94245879 0.99602055 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 I-A-1 0.00000000 155.08909425 760.46504295 0.76046504 155.08909425 I-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 69.14844076 903.98368283 0.90398368 69.14844076 M 0.00000000 0.99602076 997.94644387 0.99794644 0.99602076 B-1 0.00000000 0.99602075 997.94644417 0.99794644 0.99602075 B-2 0.00000000 0.99601977 997.94644464 0.99794644 0.99601977 B-3 0.00000000 0.99602028 997.94644515 0.99794645 0.99602028 B-4 0.00000000 0.99602333 997.94644265 0.99794644 0.99602333 B-5 0.00000000 0.99602333 997.94644265 0.99794644 0.99602333 B-6 0.00000000 0.99602055 997.94643824 0.99794644 0.99602055 (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 I-A-1 702,781,300.00 4.96676% 643,434,326.76 2,663,151.01 0.00 0.00 I-A-R 50.00 4.95480% 0.00 0.00 0.00 0.00 I-A-LR 50.00 4.95480% 0.00 0.00 0.00 0.00 II-A-1 437,564,800.00 5.21789% 425,808,363.04 1,851,516.24 0.00 0.00 M 31,209,500.00 5.06312% 31,176,494.85 131,541.88 0.00 0.00 B-1 13,804,100.00 5.06312% 13,789,501.68 58,181.55 0.00 0.00 B-2 5,401,700.00 5.06312% 5,395,987.51 22,767.10 0.00 0.00 B-3 4,201,300.00 5.06312% 4,196,856.98 17,707.65 0.00 0.00 B-4 1,800,500.00 5.06312% 1,798,595.91 7,588.75 0.00 0.00 B-5 1,800,500.00 5.06312% 1,798,595.91 7,588.75 0.00 0.00 B-6 1,800,695.78 5.06312% 1,798,791.47 7,589.58 0.00 0.00 Totals 1,200,364,495.78 4,767,632.51 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 I-A-1 1,385.55 0.00 2,661,765.47 0.00 534,440,611.49 I-A-R 0.00 0.00 0.00 0.00 0.00 I-A-LR 0.00 0.00 0.00 0.00 0.00 II-A-1 963.28 0.00 1,850,552.96 0.00 395,551,439.38 M 68.44 0.00 131,473.44 0.00 31,145,409.54 B-1 30.27 0.00 58,151.28 0.00 13,775,752.51 B-2 11.84 0.00 22,755.25 0.00 5,390,607.31 B-3 9.21 0.00 17,698.44 0.00 4,192,672.40 B-4 3.95 0.00 7,584.80 0.00 1,796,802.57 B-5 3.95 0.00 7,584.80 0.00 1,796,802.57 B-6 3.95 0.00 7,585.63 0.00 1,796,997.94 Totals 2,480.44 0.00 4,765,152.07 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 I-A-1 702,781,300.00 4.96676% 915.55413720 3.78944490 0.00000000 0.00000000 I-A-R 50.00 4.95480% 0.00000000 0.00000000 0.00000000 0.00000000 I-A-LR 50.00 4.95480% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 437,564,800.00 5.21789% 973.13212361 4.23141039 0.00000000 0.00000000 M 31,209,500.00 5.06312% 998.94246463 4.21480254 0.00000000 0.00000000 B-1 13,804,100.00 5.06312% 998.94246492 4.21480212 0.00000000 0.00000000 B-2 5,401,700.00 5.06312% 998.94246441 4.21480275 0.00000000 0.00000000 B-3 4,201,300.00 5.06312% 998.94246543 4.21480256 0.00000000 0.00000000 B-4 1,800,500.00 5.06312% 998.94246598 4.21480144 0.00000000 0.00000000 B-5 1,800,500.00 5.06312% 998.94246598 4.21480144 0.00000000 0.00000000 B-6 1,800,695.78 5.06312% 998.94245879 4.21480412 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 I-A-1 0.00197152 0.00000000 3.78747339 0.00000000 760.46504295 I-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00220146 0.00000000 4.22920893 0.00000000 903.98368283 M 0.00219292 0.00000000 4.21260962 0.00000000 997.94644387 B-1 0.00219283 0.00000000 4.21260930 0.00000000 997.94644417 B-2 0.00219190 0.00000000 4.21260899 0.00000000 997.94644464 B-3 0.00219218 0.00000000 4.21261038 0.00000000 997.94644515 B-4 0.00219384 0.00000000 4.21260761 0.00000000 997.94644265 B-5 0.00219384 0.00000000 4.21260761 0.00000000 997.94644265 B-6 0.00219360 0.00000000 4.21261053 0.00000000 997.94643824 (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 143,807,782.89 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 624,048.25 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 144,431,831.14 Withdrawals Reimbursement for Servicer Advances 40,082.02 Payment of Service Fee 316,178.63 Payment of Interest and Principal 144,075,570.47 Total Withdrawals (Pool Distribution Amount) 144,431,831.12 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 54,976.99 Servicing Fee Support 52,496.55 Non-Supported Prepayment/Curtailment Interest Shortfall 2,480.44

SERVICING FEES Gross Servicing Fee 352,686.72 Master Servicing Fee 15,988.47 Supported Prepayment/Curtailment Interest Shortfall 52,496.55 Net Servicing Fee 316,178.63

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 2 0 0 0 2 1,176,579.79 0.00 0.00 0.00 1,176,579.79 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 2 0 0 0 2 1,176,579.79 0.00 0.00 0.00 1,176,579.79 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 0.096712% 0.000000% 0.000000% 0.000000% 0.096712% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.096712% 0.000000% 0.000000% 0.000000% 0.096712% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 2 0 0 0 2 1,176,579.79 0.00 0.00 0.00 1,176,579.79 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 2 0 0 0 2 1,176,579.79 0.00 0.00 0.00 1,176,579.79 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.169635% 0.000000% 0.000000% 0.000000% 0.169635% 0.205321% 0.000000% 0.000000% 0.000000% 0.205321% 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 0.169635% 0.000000% 0.000000% 0.000000% 0.169635% 0.205321% 0.000000% 0.000000% 0.000000% 0.205321% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 766,047.53

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.458627% Weighted Average Net Coupon 5.066627% Weighted Average Pass-Through Rate 5.066627% Weighted Average Maturity(Stepdown Calculation ) 357 Beginning Scheduled Collateral Loan Count 2,339 Number Of Loans Paid In Full 271 Ending Scheduled Collateral Loan Count 2,068 Beginning Scheduled Collateral Balance 1,129,197,514.10 Ending Scheduled Collateral Balance 989,887,095.71 Ending Actual Collateral Balance at 31-Oct-2002 0.00 Monthly P &I Constant 6,416,616.31 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 989,887,095.71 Scheduled Principal 1,126,650.71 Unscheduled Principal 138,183,767.68 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 975,549,887.74 Greater Than 80%, less than or equal to 85% 3,063,147.25 Greater than 85%, less than or equal to 95% 11,397,832.09 Greater than 95% 0.00

Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.358803 5.609982 5.458627 Weighted Average Net Rate 4.966803 5.217982 5.066627 Weighted Average Maturity 357 357 357 Beginning Loan Count 1,393 946 2,339 Loans Paid In Full 214 57 271 Ending Loan Count 1,179 889 2,068 Beginning Scheduled Balance 680,383,797.08 448,813,717.02 1,129,197,514.10 Ending scheduled Balance 571,353,930.66 418,533,165.05 989,887,095.71 Record Date 10/31/2002 10/31/2002 10/31/2002 Principal And Interest Constant 3,825,951.24 2,590,665.07 6,416,616.31 Scheduled Principal 665,683.53 460,967.18 1,126,650.71 Unscheduled Principal 108,364,182.89 29,819,584.79 138,183,767.68 Scheduled Interest 3,036,966.00 2,096,861.28 5,133,827.28 Servicing Fees 212,521.75 140,164.96 352,686.72 Master Servicing Fees 9,634.32 6,354.15 15,988.47 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 2,814,809.92 1,950,342.17 4,765,152.10 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00

Filing Compare · WELLS FARGO ASSET SECURITIES CORP SERIES 2002-E