8-K 1 we832782-8k.txt CURRENT REPORT UNITED STATES 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: March 30, 2005 (Date of earliest event reported) Wells Fargo Asset Securities Corporation -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-122307 52-1972128 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File No.) Identification No.) 7430 New Technology Way, Frederick, Maryland 21703 -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) Registrant's Telephone Number, including area code (301) 846-8881 ----------------------------- -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01. Other Events ------------ On March 30, 2005, Wells Fargo Asset Securities Corporation, a Delaware corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series 2005-2, Class I-A-1, Class I-A-2, Class I-A-3, Class I-A-4, Class I-A-5, Class I-A-6, Class I-A-7, Class I-A-8, Class I-A-9, Class I-A-10, Class I-A-11, Class I-A-12, Class I-A-R, Class I-A-PO, Class II-A-1, Class II-A-PO, Class I-B-1, Class I-B-2, Class I-B-3, Class II-B-1, Class II-B-2 and Class II-B-3 (the "Offered Certificates"), having an aggregate original principal balance of $946,791,537.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated as of March 30, 2005, among the Registrant, Wells Fargo Bank, N.A., 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 2005-2, Class I-B-4, Class I-B-5, Class I-B-6, Class II-B-4, Class II-B-5 and Class II-B-6 Certificates, having an aggregate initial principal balance of $4,155,488.34 (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 99.56% 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 (the "Mortgage Loans"), other than the Fixed Retained Yield (as defined in the Agreement) with respect to the Mortgage Loans. 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 Bank 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. An election will be made to treat the Trust Estate as a REMIC for federal income tax purposes (the "REMIC"). The Class I-A-1, Class I-A-2, Class I-A-3, Class I-A-4, Class I-A-5, Class I-A-6, Class I-A-7, Class I-A-8, Class I-A-9, Class I-A-10, Class I-A-11, Class I-A-12, Class I-A-PO, Class II-A-1, Class II-A-PO, Class I-B-1, Class I-B-2, Class I-B-3, Class I-B-4, Class I-B-5, Class I-B-6, Class II-B-1, Class II-B-2, Class II-B-3, Class II-B-4, Class II-B-5 and Class II-B-6 Certificates will be treated as "regular interests" in the REMIC and the Class I-A-R Certificates will be treated as the "residual interest" in the REMIC. ITEM 9.01. 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 March 30, 2005, among Wells Fargo Asset Securities Corporation, Wells Fargo Bank, N.A. 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 March 30, 2005 /s/ Bradley A. Davis ----------------------------------------- Bradley A. Davis Vice President INDEX TO EXHIBITS ----------------- Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing E Agreement, dated as of March 30, 2005, among Wells Fargo Asset Securities Corporation, Wells Fargo Bank, N.A. and Wachovia Bank, National Association, as trustee.

Wells Fargo Asset Securities Corporation Mortgage Loan Pass-Through Certificates Record Date: 3/31/2005 Distribution Date: 4/25/2005 Wells Fargo Asset Securities Corporation Mortgage Loan Pass-Through Certificates Series 2005-2 Contact: Customer Service - CTSLink Wells Fargo Bank, 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-PO 94982FAN1 SEN 0.00000% 970,094.06 0.00 1,947.02 I-A-1 94982FAA9 SEN 5.50000% 113,727,000.00 520,981.63 1,884,950.73 I-A-2 94982FAB7 SEN 8.00000% 30,000,000.00 199,897.51 497,230.40 I-A-3 94982FAC5 SEN 5.25000% 300,000,000.00 1,311,827.41 4,972,304.01 I-A-4 94982FAD3 SEN 5.50000% 15,000,000.00 68,714.77 0.00 I-A-5 94982FAE1 SEN 5.50000% 43,500,000.00 199,272.83 0.00 I-A-6 94982FAF8 SEN 5.50000% 4,730,000.00 21,668.06 0.00 I-A-7 94982FAG6 SEN 5.50000% 66,962,000.00 306,751.89 113,544.28 I-A-8 94982FAH4 SEN 5.50000% 22,307,000.00 102,188.02 (102,188.02) I-A-9 94982FAJ0 SEN 5.50000% 2,479,000.00 11,356.26 (11,356.26) I-A-10 94982FAK7 SEN 5.50000% 25,000,000.00 114,524.61 533,920.59 I-A-11 94982FAL5 SEN 5.50000% 1,124,000.00 5,149.03 24,005.07 I-A-12 94982FAM3 SEN 5.50000% 7,538,000.00 34,531.46 0.00 I-A-R 94982FAP6 SEN 5.50000% 100.00 0.46 100.00 I-B-1 94982FAS0 SUB 5.50000% 8,457,000.00 38,741.39 8,639.91 I-B-2 94982FAT8 SUB 5.50000% 3,578,000.00 16,390.76 3,655.39 I-B-3 94982FAU5 SUB 5.50000% 1,952,000.00 8,942.08 1,994.22 I-B-4 94982FAY7 SUB 5.50000% 1,301,000.00 5,959.86 1,329.14 I-B-5 94982FAZ4 SUB 5.50000% 976,000.00 4,471.04 997.11 I-B-6 94982FAA8 SUB 5.50000% 976,417.77 4,472.95 995.26 II-A-PO 94982FAR2 SEN 0.00000% 1,130,343.20 0.00 4,765.83 II-A-1 94982FAQ4 SEN 4.75000% 295,334,000.00 1,168,871.28 3,417,208.28 II-B-1 94982FAV3 SUB 4.75000% 1,952,000.00 7,725.61 7,239.65 II-B-2 94982FAW1 SUB 4.75000% 601,000.00 2,378.63 2,229.01 II-B-3 94982FAX9 SUB 4.75000% 450,000.00 1,781.01 1,668.98 II-B-4 94982FBB6 SUB 4.75000% 301,000.00 1,191.30 1,116.36 II-B-5 94982FBC4 SUB 4.75000% 300,000.00 1,187.34 1,112.65 II-B-6 94982FBD2 SUB 4.75000% 301,070.57 1,191.58 1,116.01 Totals 950,947,025.60 4,160,168.77 11,368,525.62

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-PO 0.00 968,147.04 1,947.02 0.00 I-A-1 0.00 111,842,049.27 2,405,932.36 0.00 I-A-2 0.00 29,502,769.60 697,127.91 0.00 I-A-3 0.00 295,027,695.99 6,284,131.42 0.00 I-A-4 0.00 15,000,000.00 68,714.77 0.00 I-A-5 0.00 43,500,000.00 199,272.83 0.00 I-A-6 0.00 4,730,000.00 21,668.06 0.00 I-A-7 0.00 66,848,455.72 420,296.17 0.00 I-A-8 0.00 22,409,188.02 0.00 0.00 I-A-9 0.00 2,490,356.26 0.00 0.00 I-A-10 0.00 24,466,079.41 648,445.20 0.00 I-A-11 0.00 1,099,994.93 29,154.10 0.00 I-A-12 0.00 7,538,000.00 34,531.46 0.00 I-A-R 0.00 0.00 100.46 0.00 I-B-1 0.00 8,448,360.09 47,381.30 0.00 I-B-2 0.00 3,574,344.61 20,046.15 0.00 I-B-3 0.00 1,950,005.78 10,936.30 0.00 I-B-4 0.00 1,299,670.86 7,289.00 0.00 I-B-5 0.00 975,002.89 5,468.15 0.00 I-B-6 2.27 975,420.24 5,468.21 2.27 II-A-PO 0.00 1,125,577.37 4,765.83 0.00 II-A-1 0.00 291,916,791.72 4,586,079.56 0.00 II-B-1 0.00 1,944,760.35 14,965.26 0.00 II-B-2 0.00 598,770.99 4,607.64 0.00 II-B-3 0.00 448,331.02 3,449.99 0.00 II-B-4 0.00 299,883.64 2,307.66 0.00 II-B-5 0.00 298,887.35 2,299.99 0.00 II-B-6 0.61 299,953.95 2,307.59 0.61 Totals 2.88 939,578,497.10 15,528,694.39 2.88 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-PO 970,094.06 970,094.06 1,058.27 888.75 0.00 0.00 I-A-1 113,727,000.00 113,727,000.00 153,903.28 1,731,047.45 0.00 0.00 I-A-2 30,000,000.00 30,000,000.00 40,598.08 456,632.32 0.00 0.00 I-A-3 300,000,000.00 300,000,000.00 405,980.84 4,566,323.17 0.00 0.00 I-A-4 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00 I-A-5 43,500,000.00 43,500,000.00 0.00 0.00 0.00 0.00 I-A-6 4,730,000.00 4,730,000.00 0.00 0.00 0.00 0.00 I-A-7 66,962,000.00 66,962,000.00 9,270.71 104,273.57 0.00 0.00 I-A-8 22,307,000.00 22,307,000.00 0.00 0.00 (102,188.02) 0.00 I-A-9 2,479,000.00 2,479,000.00 0.00 0.00 (11,356.26) 0.00 I-A-10 25,000,000.00 25,000,000.00 43,593.78 490,326.81 0.00 0.00 I-A-11 1,124,000.00 1,124,000.00 1,959.98 22,045.09 0.00 0.00 I-A-12 7,538,000.00 7,538,000.00 0.00 0.00 0.00 0.00 I-A-R 100.00 100.00 8.16 91.84 0.00 0.00 I-B-1 8,457,000.00 8,457,000.00 8,639.91 0.00 0.00 0.00 I-B-2 3,578,000.00 3,578,000.00 3,655.39 0.00 0.00 0.00 I-B-3 1,952,000.00 1,952,000.00 1,994.22 0.00 0.00 0.00 I-B-4 1,301,000.00 1,301,000.00 1,329.14 0.00 0.00 0.00 I-B-5 976,000.00 976,000.00 997.11 0.00 0.00 0.00 I-B-6 976,417.77 976,417.77 995.26 0.00 0.00 2.27 II-A-PO 1,130,343.20 1,130,343.20 4,361.29 404.54 0.00 0.00 II-A-1 295,334,000.00 295,334,000.00 1,095,345.29 2,321,862.99 0.00 0.00 II-B-1 1,952,000.00 1,952,000.00 7,239.65 0.00 0.00 0.00 II-B-2 601,000.00 601,000.00 2,229.01 0.00 0.00 0.00 II-B-3 450,000.00 450,000.00 1,668.98 0.00 0.00 0.00 II-B-4 301,000.00 301,000.00 1,116.36 0.00 0.00 0.00 II-B-5 300,000.00 300,000.00 1,112.65 0.00 0.00 0.00 II-B-6 301,070.57 301,070.57 1,116.01 0.00 0.00 0.61 Totals 950,947,025.60 950,947,025.60 1,788,173.37 9,693,896.53 (113,544.28) 2.88 (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-PO 1,947.02 968,147.04 0.99799296 1,947.02 I-A-1 1,884,950.73 111,842,049.27 0.98342565 1,884,950.73 I-A-2 497,230.40 29,502,769.60 0.98342565 497,230.40 I-A-3 4,972,304.01 295,027,695.99 0.98342565 4,972,304.01 I-A-4 0.00 15,000,000.00 1.00000000 0.00 I-A-5 0.00 43,500,000.00 1.00000000 0.00 I-A-6 0.00 4,730,000.00 1.00000000 0.00 I-A-7 113,544.28 66,848,455.72 0.99830435 113,544.28 I-A-8 (102,188.02) 22,409,188.02 1.00458098 (102,188.02) I-A-9 (11,356.26) 2,490,356.26 1.00458098 (11,356.26) I-A-10 533,920.59 24,466,079.41 0.97864318 533,920.59 I-A-11 24,005.07 1,099,994.93 0.97864318 24,005.07 I-A-12 0.00 7,538,000.00 1.00000000 0.00 I-A-R 100.00 0.00 0.00000000 100.00 I-B-1 8,639.91 8,448,360.09 0.99897837 8,639.91 I-B-2 3,655.39 3,574,344.61 0.99897837 3,655.39 I-B-3 1,994.22 1,950,005.78 0.99897837 1,994.22 I-B-4 1,329.14 1,299,670.86 0.99897837 1,329.14 I-B-5 997.11 975,002.89 0.99897837 997.11 I-B-6 997.53 975,420.24 0.99897838 995.26 II-A-PO 4,765.83 1,125,577.37 0.99578373 4,765.83 II-A-1 3,417,208.28 291,916,791.72 0.98842934 3,417,208.28 II-B-1 7,239.65 1,944,760.35 0.99629116 7,239.65 II-B-2 2,229.01 598,770.99 0.99629116 2,229.01 II-B-3 1,668.98 448,331.02 0.99629116 1,668.98 II-B-4 1,116.36 299,883.64 0.99629116 1,116.36 II-B-5 1,112.65 298,887.35 0.99629117 1,112.65 II-B-6 1,116.62 299,953.95 0.99629117 1,116.01 Totals 11,368,528.50 939,578,497.10 0.98804505 11,368,525.62

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-PO 970,094.06 1000.00000000 1.09089422 0.91614828 0.00000000 I-A-1 113,727,000.00 1000.00000000 1.35326950 15.22107723 0.00000000 I-A-2 30,000,000.00 1000.00000000 1.35326933 15.22107733 0.00000000 I-A-3 300,000,000.00 1000.00000000 1.35326947 15.22107723 0.00000000 I-A-4 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-5 43,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-6 4,730,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-7 66,962,000.00 1000.00000000 0.13844733 1.55720513 0.00000000 I-A-8 22,307,000.00 1000.00000000 0.00000000 0.00000000 (4.58098444) I-A-9 2,479,000.00 1000.00000000 0.00000000 0.00000000 (4.58098427) I-A-10 25,000,000.00 1000.00000000 1.74375120 19.61307240 0.00000000 I-A-11 1,124,000.00 1000.00000000 1.74375445 19.61306940 0.00000000 I-A-12 7,538,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-R 100.00 1000.00000000 81.60000000 918.40000000 0.00000000 I-B-1 8,457,000.00 1000.00000000 1.02162824 0.00000000 0.00000000 I-B-2 3,578,000.00 1000.00000000 1.02162940 0.00000000 0.00000000 I-B-3 1,952,000.00 1000.00000000 1.02162910 0.00000000 0.00000000 I-B-4 1,301,000.00 1000.00000000 1.02162952 0.00000000 0.00000000 I-B-5 976,000.00 1000.00000000 1.02162910 0.00000000 0.00000000 I-B-6 976,417.77 1000.00000000 1.01929730 0.00000000 0.00000000 II-A-PO 1,130,343.20 1000.00000000 3.85837682 0.35789130 0.00000000 II-A-1 295,334,000.00 1000.00000000 3.70883572 7.86182082 0.00000000 II-B-1 1,952,000.00 1000.00000000 3.70883709 0.00000000 0.00000000 II-B-2 601,000.00 1000.00000000 3.70883527 0.00000000 0.00000000 II-B-3 450,000.00 1000.00000000 3.70884444 0.00000000 0.00000000 II-B-4 301,000.00 1000.00000000 3.70883721 0.00000000 0.00000000 II-B-5 300,000.00 1000.00000000 3.70883333 0.00000000 0.00000000 II-B-6 301,070.57 1000.00000000 3.70680535 0.00000000 0.00000000 (2) Per $1,000 Denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-PO 0.00000000 2.00704249 997.99295751 0.99799296 2.00704249 I-A-1 0.00000000 16.57434673 983.42565327 0.98342565 16.57434673 I-A-2 0.00000000 16.57434667 983.42565333 0.98342565 16.57434667 I-A-3 0.00000000 16.57434670 983.42565330 0.98342565 16.57434670 I-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-7 0.00000000 1.69565246 998.30434754 0.99830435 1.69565246 I-A-8 0.00000000 (4.58098444) 1,004.58098444 1.00458098 (4.58098444) I-A-9 0.00000000 (4.58098427) 1,004.58098427 1.00458098 (4.58098427) I-A-10 0.00000000 21.35682360 978.64317640 0.97864318 21.35682360 I-A-11 0.00000000 21.35682384 978.64317616 0.97864318 21.35682384 I-A-12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 I-B-1 0.00000000 1.02162824 998.97837176 0.99897837 1.02162824 I-B-2 0.00000000 1.02162940 998.97837060 0.99897837 1.02162940 I-B-3 0.00000000 1.02162910 998.97837090 0.99897837 1.02162910 I-B-4 0.00000000 1.02162952 998.97837048 0.99897837 1.02162952 I-B-5 0.00000000 1.02162910 998.97837090 0.99897837 1.02162910 I-B-6 0.00232482 1.02162213 998.97837787 0.99897838 1.01929730 II-A-PO 0.00000000 4.21626812 995.78373188 0.99578373 4.21626812 II-A-1 0.00000000 11.57065654 988.42934346 0.98842934 11.57065654 II-B-1 0.00000000 3.70883709 996.29116291 0.99629116 3.70883709 II-B-2 0.00000000 3.70883527 996.29116473 0.99629116 3.70883527 II-B-3 0.00000000 3.70884444 996.29115556 0.99629116 3.70884444 II-B-4 0.00000000 3.70883721 996.29116279 0.99629116 3.70883721 II-B-5 0.00000000 3.70883333 996.29116667 0.99629117 3.70883333 II-B-6 0.00202610 3.70883145 996.29116855 0.99629117 3.70680535 (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 I-A-PO 970,094.06 0.00000% 970,094.06 0.00 0.00 0.00 I-A-1 113,727,000.00 5.50000% 113,727,000.00 521,248.75 0.00 0.00 I-A-2 30,000,000.00 8.00000% 30,000,000.00 200,000.00 0.00 0.00 I-A-3 300,000,000.00 5.25000% 300,000,000.00 1,312,500.00 0.00 0.00 I-A-4 15,000,000.00 5.50000% 15,000,000.00 68,750.00 0.00 0.00 I-A-5 43,500,000.00 5.50000% 43,500,000.00 199,375.00 0.00 0.00 I-A-6 4,730,000.00 5.50000% 4,730,000.00 21,679.17 0.00 0.00 I-A-7 66,962,000.00 5.50000% 66,962,000.00 306,909.17 0.00 0.00 I-A-8 22,307,000.00 5.50000% 22,307,000.00 102,240.42 0.00 0.00 I-A-9 2,479,000.00 5.50000% 2,479,000.00 11,362.08 0.00 0.00 I-A-10 25,000,000.00 5.50000% 25,000,000.00 114,583.33 0.00 0.00 I-A-11 1,124,000.00 5.50000% 1,124,000.00 5,151.67 0.00 0.00 I-A-12 7,538,000.00 5.50000% 7,538,000.00 34,549.17 0.00 0.00 I-A-R 100.00 5.50000% 100.00 0.46 0.00 0.00 I-B-1 8,457,000.00 5.50000% 8,457,000.00 38,761.25 0.00 0.00 I-B-2 3,578,000.00 5.50000% 3,578,000.00 16,399.17 0.00 0.00 I-B-3 1,952,000.00 5.50000% 1,952,000.00 8,946.67 0.00 0.00 I-B-4 1,301,000.00 5.50000% 1,301,000.00 5,962.92 0.00 0.00 I-B-5 976,000.00 5.50000% 976,000.00 4,473.33 0.00 0.00 I-B-6 976,417.77 5.50000% 976,417.77 4,475.25 0.00 0.00 II-A-PO 1,130,343.20 0.00000% 1,130,343.20 0.00 0.00 0.00 II-A-1 295,334,000.00 4.75000% 295,334,000.00 1,169,030.42 0.00 0.00 II-B-1 1,952,000.00 4.75000% 1,952,000.00 7,726.67 0.00 0.00 II-B-2 601,000.00 4.75000% 601,000.00 2,378.96 0.00 0.00 II-B-3 450,000.00 4.75000% 450,000.00 1,781.25 0.00 0.00 II-B-4 301,000.00 4.75000% 301,000.00 1,191.46 0.00 0.00 II-B-5 300,000.00 4.75000% 300,000.00 1,187.50 0.00 0.00 II-B-6 301,070.57 4.75000% 301,070.57 1,191.74 0.00 0.00 Totals 950,947,025.60 4,161,855.81 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-PO 0.00 0.00 0.00 0.00 968,147.04 I-A-1 267.12 0.00 520,981.63 0.00 111,842,049.27 I-A-2 102.49 0.00 199,897.51 0.00 29,502,769.60 I-A-3 672.59 0.00 1,311,827.41 0.00 295,027,695.99 I-A-4 35.23 0.00 68,714.77 0.00 15,000,000.00 I-A-5 102.17 0.00 199,272.83 0.00 43,500,000.00 I-A-6 11.11 0.00 21,668.06 0.00 4,730,000.00 I-A-7 157.28 0.00 306,751.89 0.00 66,848,455.72 I-A-8 52.39 0.00 102,188.02 0.00 22,409,188.02 I-A-9 5.82 0.00 11,356.26 0.00 2,490,356.26 I-A-10 58.72 0.00 114,524.61 0.00 24,466,079.41 I-A-11 2.64 0.00 5,149.03 0.00 1,099,994.93 I-A-12 17.70 0.00 34,531.46 0.00 7,538,000.00 I-A-R 0.00 0.00 0.46 0.00 0.00 I-B-1 19.86 0.00 38,741.39 0.00 8,448,360.09 I-B-2 8.40 0.00 16,390.76 0.00 3,574,344.61 I-B-3 4.58 0.00 8,942.08 0.00 1,950,005.78 I-B-4 3.06 0.00 5,959.86 0.00 1,299,670.86 I-B-5 2.29 0.00 4,471.04 0.00 975,002.89 I-B-6 2.29 0.00 4,472.95 0.00 975,420.24 II-A-PO 0.00 0.00 0.00 0.00 1,125,577.37 II-A-1 159.13 0.00 1,168,871.28 0.00 291,916,791.72 II-B-1 1.05 0.00 7,725.61 0.00 1,944,760.35 II-B-2 0.32 0.00 2,378.63 0.00 598,770.99 II-B-3 0.24 0.00 1,781.01 0.00 448,331.02 II-B-4 0.16 0.00 1,191.30 0.00 299,883.64 II-B-5 0.16 0.00 1,187.34 0.00 298,887.35 II-B-6 0.16 0.00 1,191.58 0.00 299,953.95 Totals 1,686.96 0.00 4,160,168.77 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 I-A-PO 970,094.06 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-1 113,727,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 I-A-2 30,000,000.00 8.00000% 1000.00000000 6.66666667 0.00000000 0.00000000 I-A-3 300,000,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 I-A-4 15,000,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 I-A-5 43,500,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 I-A-6 4,730,000.00 5.50000% 1000.00000000 4.58333404 0.00000000 0.00000000 I-A-7 66,962,000.00 5.50000% 1000.00000000 4.58333338 0.00000000 0.00000000 I-A-8 22,307,000.00 5.50000% 1000.00000000 4.58333348 0.00000000 0.00000000 I-A-9 2,479,000.00 5.50000% 1000.00000000 4.58333199 0.00000000 0.00000000 I-A-10 25,000,000.00 5.50000% 1000.00000000 4.58333320 0.00000000 0.00000000 I-A-11 1,124,000.00 5.50000% 1000.00000000 4.58333630 0.00000000 0.00000000 I-A-12 7,538,000.00 5.50000% 1000.00000000 4.58333378 0.00000000 0.00000000 I-A-R 100.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000 I-B-1 8,457,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 I-B-2 3,578,000.00 5.50000% 1000.00000000 4.58333426 0.00000000 0.00000000 I-B-3 1,952,000.00 5.50000% 1000.00000000 4.58333504 0.00000000 0.00000000 I-B-4 1,301,000.00 5.50000% 1000.00000000 4.58333590 0.00000000 0.00000000 I-B-5 976,000.00 5.50000% 1000.00000000 4.58332992 0.00000000 0.00000000 I-B-6 976,417.77 5.50000% 1000.00000000 4.58333527 0.00000000 0.00000000 II-A-PO 1,130,343.20 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-1 295,334,000.00 4.75000% 1000.00000000 3.95833334 0.00000000 0.00000000 II-B-1 1,952,000.00 4.75000% 1000.00000000 3.95833504 0.00000000 0.00000000 II-B-2 601,000.00 4.75000% 1000.00000000 3.95833611 0.00000000 0.00000000 II-B-3 450,000.00 4.75000% 1000.00000000 3.95833333 0.00000000 0.00000000 II-B-4 301,000.00 4.75000% 1000.00000000 3.95833887 0.00000000 0.00000000 II-B-5 300,000.00 4.75000% 1000.00000000 3.95833333 0.00000000 0.00000000 II-B-6 301,070.57 4.75000% 1000.00000000 3.95834106 0.00000000 0.00000000 (5) Per $1,000 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-PO 0.00000000 0.00000000 0.00000000 0.00000000 997.99295751 I-A-1 0.00234878 0.00000000 4.58098455 0.00000000 983.42565327 I-A-2 0.00341633 0.00000000 6.66325033 0.00000000 983.42565333 I-A-3 0.00224197 0.00000000 4.37275803 0.00000000 983.42565330 I-A-4 0.00234867 0.00000000 4.58098467 0.00000000 1000.00000000 I-A-5 0.00234874 0.00000000 4.58098460 0.00000000 1000.00000000 I-A-6 0.00234884 0.00000000 4.58098520 0.00000000 1000.00000000 I-A-7 0.00234879 0.00000000 4.58098459 0.00000000 998.30434754 I-A-8 0.00234859 0.00000000 4.58098444 0.00000000 1004.58098444 I-A-9 0.00234772 0.00000000 4.58098427 0.00000000 1004.58098427 I-A-10 0.00234880 0.00000000 4.58098440 0.00000000 978.64317640 I-A-11 0.00234875 0.00000000 4.58098754 0.00000000 978.64317616 I-A-12 0.00234810 0.00000000 4.58098435 0.00000000 1000.00000000 I-A-R 0.00000000 0.00000000 4.60000000 0.00000000 0.00000000 I-B-1 0.00234835 0.00000000 4.58098498 0.00000000 998.97837176 I-B-2 0.00234768 0.00000000 4.58098379 0.00000000 998.97837060 I-B-3 0.00234631 0.00000000 4.58098361 0.00000000 998.97837090 I-B-4 0.00235204 0.00000000 4.58098386 0.00000000 998.97837048 I-B-5 0.00234631 0.00000000 4.58098361 0.00000000 998.97837090 I-B-6 0.00234531 0.00000000 4.58097972 0.00000000 998.97837787 II-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 995.78373188 II-A-1 0.00053881 0.00000000 3.95779450 0.00000000 988.42934346 II-B-1 0.00053791 0.00000000 3.95779201 0.00000000 996.29116291 II-B-2 0.00053245 0.00000000 3.95778702 0.00000000 996.29116473 II-B-3 0.00053333 0.00000000 3.95780000 0.00000000 996.29115556 II-B-4 0.00053156 0.00000000 3.95780731 0.00000000 996.29116279 II-B-5 0.00053333 0.00000000 3.95780000 0.00000000 996.29116667 II-B-6 0.00053144 0.00000000 3.95780963 0.00000000 996.29116855 (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 15,552,124.23 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 177,694.76 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 15,729,818.99 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 201,124.62 Payment of Interest and Principal 15,528,694.37 Total Withdrawals (Pool Distribution Amount) 15,729,818.99 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 6,519.85 Servicing Fee Support 4,832.89 Non-Supported Prepayment/Curtailment Interest Shortfall 1,686.96

SERVICING FEES Gross Servicing Fee 198,036.07 Master Servicing Fee 7,921.44 Supported Prepayment/Curtailment Interest Shortfall 4,832.89 Net Servicing Fee 201,124.62

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 2 794,664.19 0.00 0.00 0.00 794,664.19 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 2 794,664.19 0.00 0.00 0.00 794,664.19 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 0.104221% 0.000000% 0.000000% 0.000000% 0.104221% 0.091349% 0.000000% 0.000000% 0.000000% 0.091349% 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 0.104221% 0.000000% 0.000000% 0.000000% 0.104221% 0.091349% 0.000000% 0.000000% 0.000000% 0.091349%

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 2 794,664.19 0.00 0.00 0.00 794,664.19 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 2 794,664.19 0.00 0.00 0.00 794,664.19 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.147820% 0.000000% 0.000000% 0.000000% 0.147820% 0.123647% 0.000000% 0.000000% 0.000000% 0.123647% 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 0.147820% 0.000000% 0.000000% 0.000000% 0.147820% 0.123647% 0.000000% 0.000000% 0.000000% 0.123647% 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 549,419.17

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 5.657469% Weighted Average Net Coupon 5.251778% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity(Stepdown Calculation ) 357 Beginning Scheduled Collateral Loan Count 1,936 Number Of Loans Paid In Full 17 Ending Scheduled Collateral Loan Count 1,919 Beginning Scheduled Collateral Balance 950,947,025.60 Ending Scheduled Collateral Balance 939,578,497.13 Ending Actual Collateral Balance at 31-Mar-2005 869,924,169.34 Ending Scheduled Balance For Wells Fargo Serviced 929,054,434.79 Ending Scheduled Balance For Other Servicers 10,524,062.34 Monthly P &I Constant 6,160,109.49 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 759,748,410.84 Ending scheduled Balance For discounted Loans 179,830,086.29 Scheduled Principal 1,778,905.53 Unscheduled Principal 9,589,622.95 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 931,100,124.82 Greater Than 80%, less than or equal to 85% 2,054,341.26 Greater than 85%, less than or equal to 95% 6,463,053.29 Greater than 95% 0.00

Group Level Collateral Statement Group 1 2 Total Collateral Description Fixed 30 Year Fixed 15 Year Mixed Fixed Weighted Average Coupon Rate 5.883271 5.168584 5.657469 Weighted Average Net Rate 5.491791 4.732123 5.251778 Weighted Average Maturity 357 178 357 Beginning Loan Count 1,365 571 1,936 Loans Paid In Full 12 5 17 Ending Loan Count 1,353 566 1,919 Beginning Scheduled Balance 650,577,612.00 300,369,414.00 950,947,026.00 Ending scheduled Balance 642,645,540.73 296,932,956.40 939,578,497.13 Record Date 03/31/2005 03/31/2005 03/31/2005 Principal And Interest Constant 3,788,391.67 2,371,717.82 6,160,109.49 Scheduled Principal 664,715.69 1,114,189.84 1,778,905.53 Unscheduled Principal 7,267,355.42 2,322,267.53 9,589,622.95 Scheduled Interest 3,116,726.06 1,249,397.34 4,366,123.40 Servicing Fees 135,467.63 62,568.44 198,036.07 Master Servicing Fees 5,418.70 2,502.74 7,921.44 Trustee Fee 0.00 0.00 0.00 FRY Amount 71,245.08 44,163.44 115,408.52 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 2,904,594.64 1,140,162.73 4,044,757.37 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00

Filing Compare · Wells Fargo Asset Securities Corp Mortgage Pass-Through Certificates Series 2005-2