EX-99 2 we852419-ex99.txt COLLATERAL TERM SHEETS Exhibit No. 99 WFMBS MORTGAGE LOAN POOL 20-YEAR THROUGH 30-YEAR 5/1 CMT & LIBOR INTERMEDIATE ARM RELO & NON-RELOCATION MORTGAGES WFMBS SERIES 2005-AR16 POOL PROFILE (8/12/2005) -------------------------------------------------------------------------------- 5/1 POOL Tolerance ------------------------------- -------------- -------------------- AGGREGATE PRINCIPAL BALANCE $4,000,000,000 (+/- 7.00%) MORTGAGE LOAN CUTOFF DATE 1-Sep-05 N/A INTEREST RATE RANGE 4.500% - 5.500% N/A GROSS WAC 5.250% (+ / - 7 bps) WEIGHTED AVERAGE SERVICE FEE 25.0 or 37.5 bps MASTER SERVICING FEE 1.0 bps on Securitization only WAM (in months) 349 (+/- 2 months) WALTV 70% (maximum +5%) CALIFORNIA PERCENT 49% (maximum +5%) SINGLE LARGEST ZIP CODE PERCENT 1% (maximum +2%) AVERAGE LOAN BALANCE $536,723 (maximum +$25,000) LARGEST INDIVIDUAL LOAN BALANCE $3,000,000 (maximum $3,000,000) CASH OUT REFINANCE PERCENT 15% (maximum +5%) PRIMARY RESIDENCE PERCENT 92% (minimum -5%) SINGLE FAMILY DETACHED PERCENT 84% (minimum -5%) FULL DOCUMENTATION PERCENT 60% (minimum -5%) WA FICO 737 (minimum -5) WA Current FICO 738 (minimum -5) UNINSURED > 80% LTV PERCENT 0% (maximum +3%) RELOCATION PERCENT 3% (minimum -2%) GROSS MARGIN 2.669% (+ / - 5 bps) GROSS LIFECAP 10.193% (+ / - 10 bps) WA MONTHS TO NEXT ROLL 49 (+ / - 3 months) INTEREST ONLY PERCENT 64% (maximum +5%) INDEXED OFF 1 YR CMT 84% (+ / - 5%) INDEXED OFF 1 YR LIBOR 16% (+ / - 5%) FOR ADDITIONAL LOAN LEVEL DETAIL ABOUT THIS MORTGAGE LOAN POOL, INVESTORS SHOULD VIEW THE INFORMATION TO BE FILED WITH THE SEC AT SEC.GOV IN THE SEARCH FOR COMPANY FILINGS LINK UNDER FILINGS & FORMS (EDGAR) THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT. SUCH INFORMATION SUPERSEDES THE INFORMATION IN ALL PRIOR COLLATERAL TERM SHEETS. -------------------------------------------------------------------------------- NOTE: All dollar amounts are approximate and all percentages are expressed as approximate percentages of the Aggregate Principal Balance. WFMBS MORTGAGE LOAN POOL 20-YEAR THROUGH 30-YEAR 5/1 CMT & LIBOR INTERMEDIATE ARM RELO & NON-RELOCATION MORTGAGES WFMBS SERIES 2005-AR16 PRICING INFORMATION POOL PROFILE (8/12/2005) -------------------------------------------------------------------------------- COLLATERAL Mortgage Loans Index off the One Year CMT or One Year Libor. None of the Mortgage Loans have a convertibility feature. Generally the Mortgage Loans have a 5% Initial Rate Cap & 2% for each Adjustment thereafter. Generally, the Mortgage Loans have a 5% Lifetime Rate Cap. RATING AGENCIES TBD by Wells Fargo PASS THRU RATE Net WAC or Ratio Stripped/Variable AAA STRUCTURE DUE DATE 31-Aug-05 Structure received or changes to structures past the due date will incur a $10,000 fee. Structure delivered to WF by Sept. 7 - Delivery of prospectus day before settlement Structure delivered to WF by Sept. 12 - Delivery of prospectus day of settlement Structure delivered to WF Sept. 13 or later- Possible change of settlement date SETTLEMENT DATE 20-Sep-05 ASSUMED SUB LEVELS AGG Assumed Level Levels and Rating Agencies for AAA 3.20% 2005-AR16 to be determined by AA TBD Wells Fargo. A TBD BBB TBD BB TBD B TBD Note: AAA Class will be rated by two of the following: Moody's, S&P, Fitch, Dominion. AA through B Classes will be rated by one of the following: Moody's, S&P, Fitch, Dominion. Additional tranche ratings will be paid for by the sub underwriter. These levels are for bid purposes only. They are not a trade stipulation. Any change in actual levels will not result in price changes. If WF allows U/W to select Rating Agencies, there may be additional fees incurred. NOTE: Please note the following specifics of the 2005-AR16 structure: Class A Optimal Amt: Class A PP% of Net Liquidation Proceeds for a Liquidated Loan Class A PP% Shift Test Failure - Look back to last determination date for calc'd Class A PP% No Floating Rate Interest-Only Strips will be described as Fixed Rate (Normalized I/Os) * This Security may contain Pledged Asset Loans and Buydown Loans. WFMBS CONTACTS Brad Davis (301) 846-8009 Gretchen Leff (301) 846-8356 Mike Miller (301) 815-6397 WFASC Denomination Policy -------------------------------------------------------------------------------- Minimum Physical Book Entry Type and Description of Certificates Denomination Certificates Certificates -------------------------------------- ------------ ------------ ------------ (1)(4) Class A PAC, TAC, Scheduled, Accrual, Sequential, Floaters, NAS, Non-complex components (subject to reasonable prepayment support) $25,000 Allowed Allowed Companion classes for PAC, TAC, Scheduled Classes $100,000 Allowed Allowed Inverse Floater (Including Leveraged), PO, Subclasses of the Class A that provide credit protection to the Class A, Complex multi-component certificates $100,000 Allowed Allowed Notional and Nominal Face IO (2) Allowed Allowed Residual Certificates (3) Required Not Allowed All other types of Class A Certificates (5) (5) (5) Class B (Investment Grade) $100,000 Allowed Allowed Class B (Non-Investment Grade) $250,000 Required Not Allowed (1) WFASC reserves the right to cause certain certificates to be issued in denominations greater than outlined above or in a definitive form to mitigate the risk of a security with complicated cash-flow characteristics being made available to an unsophisticated investor. (2) IO Certificates will be issued in minimum denominations that ensure a minimum purchase price of $100,000. (3) 100% percentage interest for non-economic residuals. (4) Retail Classes will be analyzed and approved on a case-by-case basis by WFASC. (WFASC does not issue Companion Classes for PAC/TAC/Scheduled Classes in $1000 denominations.) (5) Underwriter must obtain WFASC's approval. LoanLevel

WELLS FARGO ASSET SECURITIES CORP 8-K