8-K 1 we766780-8k.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: April 15, 2004 (Date of earliest event reported) Commission File No.: 333-110283 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 Attached as an exhibit are Collateral Term Sheets (as defined in the no-action letter dated February 17, 1995 issued by the Securities and Exchange Commission to the Public Securities Association) and Structural Term Sheets (as defined in the no-action letter dated May 21, 1994 issued by the Securities and Exchange Commission to Kidder, Peabody Acceptance Corporation I, Kidder, Peabody & Co. Incorporated and Kidder Structured Asset Corporation) prepared by Goldman, Sachs & Co. which are hereby filed pursuant to such letters. ITEM 7. Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- (99) Collateral Term Sheets and Structural Term Sheets prepared by Goldman, Sachs & Co. in connection with Wells Fargo Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 2004-E 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 April 15, 2004 By: /s/ Alan S. McKenney -------------------------------------- Alan S. McKenney Vice President INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (99) Collateral Term Sheets E and Structural Term Sheets prepared by Goldman, Sachs & Co. in connection with Wells Fargo Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 2004-E

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 WFMBS Series: 2003-E 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-1 949783AA2 SEQ 5.00000% 74,834,283.27 311,809.14 1,334,682.28 A-2 949783AB0 SEQ 0.00000% 1,745,561.28 0.00 2,559.58 A-3 949783AC8 SEQ 5.00000% 19,702,738.15 82,094.64 351,401.72 A-4 949783AD6 SEQ 5.00000% 32,837.90 136.82 585.67 A-WIO 949783AE4 NOT 0.28017% 0.00 13,518.41 0.00 A-R 949783AF1 SEQ 5.00000% 0.00 0.04 0.00 B-1 949783AG9 SUB 5.00000% 2,392,523.00 9,968.83 2,770.34 B-2 949783AH7 SUB 5.00000% 673,642.27 2,806.84 780.02 B-3 949783AJ3 SUB 5.00000% 523,612.80 2,181.72 606.30 B-4 949783AK0 SUB 5.00000% 224,547.42 935.61 260.01 B-5 949783AL8 SUB 5.00000% 223,553.85 931.47 258.86 B-6 949783AM6 SUB 5.00000% 225,215.73 938.40 260.78 Totals 100,578,515.67 425,321.92 1,694,165.56

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 73,499,600.99 1,646,491.42 0.00 A-2 0.00 1,743,001.70 2,559.58 0.00 A-3 0.00 19,351,336.43 433,496.36 0.00 A-4 0.00 32,252.23 722.49 0.00 A-WIO 0.00 0.00 13,518.41 0.00 A-R 0.00 0.00 0.04 0.00 B-1 0.00 2,389,752.66 12,739.17 0.00 B-2 0.00 672,862.25 3,586.86 0.00 B-3 0.00 523,006.50 2,788.02 0.00 B-4 0.00 224,287.42 1,195.62 0.00 B-5 0.00 223,295.00 1,190.33 0.00 B-6 0.00 224,954.95 1,199.18 1.22 Totals 0.00 98,884,350.13 2,119,487.48 1.22 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-1 113,945,000.00 74,834,283.27 86,651.78 1,248,030.50 0.00 0.00 A-2 2,250,820.51 1,745,561.28 2,289.46 270.12 0.00 0.00 A-3 30,000,000.00 19,702,738.15 22,814.11 328,587.61 0.00 0.00 A-4 50,000.00 32,837.90 38.02 547.65 0.00 0.00 A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 2,408,000.00 2,392,523.00 2,770.34 0.00 0.00 0.00 B-2 678,000.00 673,642.27 780.02 0.00 0.00 0.00 B-3 527,000.00 523,612.80 606.30 0.00 0.00 0.00 B-4 226,000.00 224,547.42 260.01 0.00 0.00 0.00 B-5 225,000.00 223,553.85 258.86 0.00 0.00 0.00 B-6 226,673.86 225,215.73 260.78 0.00 0.00 0.00 Totals 150,536,594.37 100,578,515.67 116,729.68 1,577,435.88 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 A-1 1,334,682.28 73,499,600.99 0.64504455 1,334,682.28 A-2 2,559.58 1,743,001.70 0.77438503 2,559.58 A-3 351,401.72 19,351,336.43 0.64504455 351,401.72 A-4 585.67 32,252.23 0.64504460 585.67 A-WIO 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 2,770.34 2,389,752.66 0.99242220 2,770.34 B-2 780.02 672,862.25 0.99242220 780.02 B-3 606.30 523,006.50 0.99242220 606.30 B-4 260.01 224,287.42 0.99242221 260.01 B-5 258.86 223,295.00 0.99242222 258.86 B-6 260.78 224,954.95 0.99241681 260.78 Totals 1,694,165.56 98,884,350.13 0.65687915 1,694,165.56

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 113,945,000.00 656.75793822 0.76047023 10.95292027 0.00000000 A-2 2,250,820.51 775.52220279 1.01716685 0.12000957 0.00000000 A-3 30,000,000.00 656.75793833 0.76047033 10.95292033 0.00000000 A-4 50,000.00 656.75800000 0.76040000 10.95300000 0.00000000 A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,408,000.00 993.57267442 1.15047342 0.00000000 0.00000000 B-2 678,000.00 993.57266962 1.15047198 0.00000000 0.00000000 B-3 527,000.00 993.57267552 1.15047438 0.00000000 0.00000000 B-4 226,000.00 993.57265487 1.15048673 0.00000000 0.00000000 B-5 225,000.00 993.57266667 1.15048889 0.00000000 0.00000000 B-6 226,673.86 993.56727767 1.15046349 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-1 0.00000000 11.71339050 645.04454772 0.64504455 11.71339050 A-2 0.00000000 1.13717642 774.38502637 0.77438503 1.13717642 A-3 0.00000000 11.71339067 645.04454767 0.64504455 11.71339067 A-4 0.00000000 11.71340000 645.04460000 0.64504460 11.71340000 A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.15047342 992.42220100 0.99242220 1.15047342 B-2 0.00000000 1.15047198 992.42219764 0.99242220 1.15047198 B-3 0.00000000 1.15047438 992.42220114 0.99242220 1.15047438 B-4 0.00000000 1.15048673 992.42221239 0.99242221 1.15048673 B-5 0.00000000 1.15048889 992.42222222 0.99242222 1.15048889 B-6 0.00000000 1.15046349 992.41681418 0.99241681 1.15046349 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-1 113,945,000.00 5.00000% 74,834,283.27 311,809.51 0.00 0.00 A-2 2,250,820.51 0.00000% 1,745,561.28 0.00 0.00 0.00 A-3 30,000,000.00 5.00000% 19,702,738.15 82,094.74 0.00 0.00 A-4 50,000.00 5.00000% 32,837.90 136.82 0.00 0.00 A-WIO 0.00 0.28017% 57,902,021.27 13,518.43 0.00 0.00 A-R 100.00 5.00000% 0.00 0.00 0.00 0.00 B-1 2,408,000.00 5.00000% 2,392,523.00 9,968.85 0.00 0.00 B-2 678,000.00 5.00000% 673,642.27 2,806.84 0.00 0.00 B-3 527,000.00 5.00000% 523,612.80 2,181.72 0.00 0.00 B-4 226,000.00 5.00000% 224,547.42 935.61 0.00 0.00 B-5 225,000.00 5.00000% 223,553.85 931.47 0.00 0.00 B-6 226,673.86 5.00000% 225,215.73 938.40 0.00 0.00 Totals 150,536,594.37 425,322.39 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-1 0.38 0.00 311,809.14 0.00 73,499,600.99 A-2 0.00 0.00 0.00 0.00 1,743,001.70 A-3 0.10 0.00 82,094.64 0.00 19,351,336.43 A-4 0.00 0.00 136.82 0.00 32,252.23 A-WIO 0.02 0.00 13,518.41 0.00 56,268,068.15 A-R 0.00 0.00 0.04 0.00 0.00 B-1 0.01 0.00 9,968.83 0.00 2,389,752.66 B-2 0.00 0.00 2,806.84 0.00 672,862.25 B-3 0.00 0.00 2,181.72 0.00 523,006.50 B-4 0.00 0.00 935.61 0.00 224,287.42 B-5 0.00 0.00 931.47 0.00 223,295.00 B-6 0.00 0.00 938.40 0.00 224,954.95 Totals 0.51 0.00 425,321.92 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-1 113,945,000.00 5.00000% 656.75793822 2.73649138 0.00000000 0.00000000 A-2 2,250,820.51 0.00000% 775.52220279 0.00000000 0.00000000 0.00000000 A-3 30,000,000.00 5.00000% 656.75793833 2.73649133 0.00000000 0.00000000 A-4 50,000.00 5.00000% 656.75800000 2.73640000 0.00000000 0.00000000 A-WIO 0.00 0.28017% 635.59861559 0.14839370 0.00000000 0.00000000 A-R 100.00 5.00000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,408,000.00 5.00000% 993.57267442 4.13988787 0.00000000 0.00000000 B-2 678,000.00 5.00000% 993.57266962 4.13988201 0.00000000 0.00000000 B-3 527,000.00 5.00000% 993.57267552 4.13988615 0.00000000 0.00000000 B-4 226,000.00 5.00000% 993.57265487 4.13986726 0.00000000 0.00000000 B-5 225,000.00 5.00000% 993.57266667 4.13986667 0.00000000 0.00000000 B-6 226,673.86 5.00000% 993.56727767 4.13986862 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-1 0.00000333 0.00000000 2.73648813 0.00000000 645.04454772 A-2 0.00000000 0.00000000 0.00000000 0.00000000 774.38502637 A-3 0.00000333 0.00000000 2.73648800 0.00000000 645.04454767 A-4 0.00000000 0.00000000 2.73640000 0.00000000 645.04460000 A-WIO 0.00000022 0.00000000 0.14839348 0.00000000 617.66248282 A-R 0.00000000 0.00000000 0.40000000 0.00000000 0.00000000 B-1 0.00000415 0.00000000 4.13987957 0.00000000 992.42220100 B-2 0.00000000 0.00000000 4.13988201 0.00000000 992.42219764 B-3 0.00000000 0.00000000 4.13988615 0.00000000 992.42220114 B-4 0.00000000 0.00000000 4.13986726 0.00000000 992.42221239 B-5 0.00000000 0.00000000 4.13986667 0.00000000 992.42222222 B-6 0.00000000 0.00000000 4.13986862 0.00000000 992.41681418 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,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 2,206,206.21 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2,206,206.21 Withdrawals Reimbursement for Servicer Advances 38,239.85 Payment of Service Fee 31,744.02 Payment of Interest and Principal 2,119,487.48 Total Withdrawals (Pool Distribution Amount) 2,189,471.35 Ending Balance 16,734.86

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 525.39 Servicing Fee Support 524.88 Non-Supported Prepayment/Curtailment Interest Shortfall 0.51

SERVICING FEES Gross Servicing Fee 31,430.75 Master Servicing Fee 838.15 Supported Prepayment/Curtailment Interest Shortfall 524.88 Net Servicing Fee 31,744.02

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 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 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 0.000000% 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 23,538.91

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 4,290,673.86 2.85025304% 4,258,158.78 4.30620085% 95.693798% 100.000000% Class B-1 1,882,673.86 1.25064199% 1,868,406.12 1.88948615% 2.416715% 0.000000% Class B-2 1,204,673.86 0.80025316% 1,195,543.87 1.20903242% 0.680454% 0.000000% Class B-3 677,673.86 0.45017217% 672,537.37 0.68012518% 0.528907% 0.000000% Class B-4 451,673.86 0.30004257% 448,249.95 0.45330727% 0.226818% 0.000000% Class B-5 226,673.86 0.15057725% 224,954.95 0.22749297% 0.225814% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.227493% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description 10/1 CMT ARM Weighted Average Gross Coupon 5.459512% Weighted Average Net Coupon 5.074512% Weighted Average Pass-Through Rate 5.074512% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 188 Number Of Loans Paid In Full 3 Ending Scheduled Collateral Loan Count 185 Beginning Scheduled Collateral Balance 100,578,516.90 Ending Scheduled Collateral Balance 98,884,351.35 Ending Actual Collateral Balance at 30-Nov-2003 100,006,677.39 Monthly P &I Constant 576,071.43 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2,096,788.75 Ending Scheduled Balance for Premium Loans 98,884,351.35 Scheduled Principal 116,729.68 Unscheduled Principal 1,577,435.87 Unpaid Principal Balance Of Outstanding Mortgage Loans With Or Less Than Or Equal To 80% 98,492,425.27 Greater Than 80%, less than or equal to 85% 0.00 Greater than 85%, less than or equal to 95% 388,408.92 Greater than 95% 0.00

Filing Compare · WELLS FARGO MORTGAGE BACK SECURITIES 2003-E