8-K 1 wfm01005.txt DECEMBER 8K 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 (Date of earliest event reported): December 26, 2001 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2001-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-48720-04 Pooling and Servicing Agreement) (Commission 52-2313841 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On December 26, 2001 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2001-5 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-5 Trust, relating to the December 26, 2001 distribution. 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 Mortgage Pass-Through Certificates, Series 2001-5 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: 1/8/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-5 Trust, relating to the December 26, 2001 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 1011/3130/01 Distribution Date: 1112/26/01 WFMBS Series: 2001-5 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 94976PAA5 SEQ 7.00000% ~~184~~162,~~180~~822,~~699~~912.6653 1949,~~074,387~~800.4132 21,~~357~~335,~~787~~088.1394 A-R 94976PAB3 RES 7.00000% 0.00 0.00 0.00 B-1 94976PAC1 SUB 7.00000% 5,~~223~~220,~~959~~512.6882 30,~~473~~452.1099 3,~~446~~406.8627 B-2 94976PAD9 SUB 7.00000% 2,~~387~~385,~~186~~611.4534 13,~~925~~916.2507 1,~~575~~556.1156 B-3 94976PAE7 SUB 7.00000% 1,~~194~~193,~~587~~799.8968 6,~~968~~963.4383 ~~788~~778.2193 B-4 94976PAF4 SUB 7.00000% ~~895~~894,~~194~~604.9225 5,~~221~~218.9752 ~~590~~583.6671 B-5 94976PAG2 SUB 7.00000% 596,~~796~~402.6184 3,~~481~~479.3102 ~~393~~389.7814 B-6 94976PAH0 SUB 7.00000% ~~896~~895,~~144~~553.8859 5,~~823~~784.4910 042.0096 Totals ~~195~~174,~~374~~009,~~570~~397.0905 1,~~140~~015,~~280~~614.9685 21,~~364~~341,~~581~~846.7551

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~162~~141,~~822~~487,~~912~~823.5359 22,~~432~~284,~~174~~889.5426 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 5,~~220~~217,~~512~~106.8256 33,~~919~~859.9626 0.00 B-2 0.00 2,~~385~~384,~~611~~054.3479 15,~~500~~472.3663 0.00 B-3 0.00 1,193,~~799~~020.6875 7,~~756~~742.6476 0.00 B-4 0.00 894,~~604~~020.2554 5,~~812~~802.6323 0.00 B-5 0.00 596,~~402~~013.8470 3,~~875~~868.0916 0.00 B-6 ~~591~~541.2937 ~~895~~894,~~553~~969.5926 5,~~823~~827.4906 3,~~097~~638.3067 Totals ~~591~~541.2937 ~~174~~152,~~009~~667,~~397~~009.0519 22,~~504~~357,~~862~~461.7136 3,~~097~~638.3067 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-1 288,838,000.00 ~~184~~162,~~180~~822,~~699~~912.6653 ~~121~~106,~~525~~238.5828 21,~~236~~228,~~261~~850.5566 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 5,252,000.00 5,~~223~~220,~~959~~512.6882 3,~~446~~406.8627 0.00 0.00 0.00 B-2 2,400,000.00 2,~~387~~385,~~186~~611.4534 1,~~575~~556.1156 0.00 0.00 0.00 B-3 1,201,000.00 1,~~194~~193,~~587~~799.8968 ~~788~~778.2193 0.00 0.00 0.00 B-4 900,000.00 ~~895~~894,~~194~~604.9225 ~~590~~583.6671 0.00 0.00 0.00 B-5 600,000.00 596,~~796~~402.6184 ~~393~~389.7814 0.00 0.00 0.00 B-6 900,955.06 ~~896~~895,~~144~~553.8859 042.0096 0.00 0.00 ~~591~~541.2937 Totals 300,092,055.06 ~~195~~174,~~374~~009,~~570~~397.0905 ~~128~~112,~~320~~995.2085 21,~~236~~228,~~261~~850.5566 0.00 ~~591~~541.2937 (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 21,~~357~~335,~~787~~088.1394 ~~162~~141,~~822~~487,~~912~~823.5359 0.~~56371708~~48985183 21,~~357~~335,~~787~~088.1394 A-R 0.00 0.00 0.00000000 0.00 B-1 3,~~446~~406.8627 5,~~220~~217,~~512~~106.8256 0.~~99400473~~99335616 3,~~446~~406.8627 B-2 1,~~575~~556.1156 2,~~385~~384,~~611~~054.3479 0.~~99400473~~99335616 1,~~575~~556.1156 B-3 ~~788~~778.2193 1,193,~~799~~020.6875 0.~~99400473~~99335616 ~~788~~778.2193 B-4 ~~590~~583.6671 894,~~604~~020.2554 0.~~99400472~~99335616 ~~590~~583.6671 B-5 ~~393~~389.7814 596,~~402~~013.8470 0.~~99400473~~99335617 ~~393~~389.7814 B-6 ~~591~~584.2933 ~~895~~894,~~553~~969.5926 0.~~99400473~~99335616 042.0096 Totals 21,~~365~~342,~~173~~387.0488 ~~174~~152,~~009~~667,~~397~~009.0519 0.~~57985340~~50873393 21,~~364~~341,~~581~~846.7551

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 288,838,000.00 ~~637~~563.~~66090217~~71707507 0.~~42073958~~36781268 73.~~52308751~~49742991 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,252,000.00 994.~~66102056~~00472582 0.~~65629474~~64856626 0.00000000 0.00000000 B-2 2,400,000.00 994.~~66102083~~00472500 0.~~65629583~~64856667 0.00000000 0.00000000 B-3 1,201,000.00 994.~~66102415~~00472939 0.~~65629475~~64856786 0.00000000 0.00000000 B-4 900,000.00 994.~~66102222~~00472222 0.~~65628889~~64856667 0.00000000 0.00000000 B-5 600,000.00 994.~~66101667~~00473333 0.~~65630000~~64856667 0.00000000 0.00000000 B-6 900,955.06 994.~~66102116~~00472872 0.~~00000000~~04768273 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 A-1 0.00000000 73.~~94382709~~86524259 ~~563~~489.~~71707507~~85183248 0.~~56371708~~48985183 73.~~94382709~~86524259 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~65629474~~64856626 ~~994~~993.~~00472582~~35616146 0.~~99400473~~99335616 0.~~65629474~~64856626 B-2 0.00000000 0.~~65629583~~64856667 ~~994~~993.~~00472500~~35616250 0.~~99400473~~99335616 0.~~65629583~~64856667 B-3 0.00000000 0.~~65629475~~64856786 ~~994~~993.~~00472939~~35616153 0.~~99400473~~99335616 0.~~65629475~~64856786 B-4 0.00000000 0.~~65628889~~64856667 ~~994~~993.~~00472222~~35615556 0.~~99400472~~99335616 0.~~65628889~~64856667 B-5 0.00000000 0.~~65630000~~64856667 ~~994~~993.~~00473333~~35616667 0.~~99400473~~99335617 0.~~65630000~~64856667 B-6 0.~~65629245~~60088458 0.~~65629245~~64856731 ~~994~~993.~~00472872~~35616140 0.~~99400473~~99335616 0.~~00000000~~04768273 (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-1 288,838,000.00 7.00000% ~~184~~162,~~180~~822,~~699~~912.6653 1949,~~074,387~~800.4132 0.00 0.00 A-R 100.00 7.00000% 0.00 0.00 0.00 0.00 B-1 5,252,000.00 7.00000% 5,~~223~~220,~~959~~512.6882 30,~~473~~452.1099 0.00 0.00 B-2 2,400,000.00 7.00000% 2,~~387~~385,~~186~~611.4534 13,~~925~~916.2507 0.00 0.00 B-3 1,201,000.00 7.00000% 1,~~194~~193,~~587~~799.8968 6,~~968~~963.4383 0.00 0.00 B-4 900,000.00 7.00000% ~~895~~894,~~194~~604.9225 5,~~221~~218.9752 0.00 0.00 B-5 600,000.00 7.00000% 596,~~796~~402.6184 3,~~481~~479.3102 0.00 0.00 B-6 900,955.06 7.00000% ~~896~~895,~~144~~553.8859 5,~~227~~224.5106 ~~595~~560.9804 0.00 Totals 300,092,055.06 1,~~139~~015,~~684~~054.9881 ~~595~~560.9804 0.00

Interest Distribution Statement (continued) ~~Remai~~Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution ~~Shortfa~~Shortfall Balance A-1 0.00 0.00 1949,~~074,387~~800.4132 0.00 ~~162~~141,~~822~~487,~~912~~823.5359 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 30,~~473~~452.1099 0.00 5,~~220~~217,~~512~~106.8256 B-2 0.00 0.00 13,~~925~~916.2507 0.00 2,~~385~~384,~~611~~054.3479 B-3 0.00 0.00 6,~~968~~963.4383 0.00 1,193,~~799~~020.6875 B-4 0.00 0.00 5,~~221~~218.9752 0.00 894,~~604~~020.2554 B-5 0.00 0.00 3,~~481~~479.3102 0.00 596,~~402~~013.8470 B-6 0.00 0.00 5,~~823~~784.4910 ~~560~~0.0400 ~~895~~894,~~553~~969.5926 Totals 0.00 0.00 1,~~140~~015,~~280~~614.9685 ~~560~~0.0400 (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-1 288,838,000.00 7.00000% ~~637~~563.~~66090217~~71707507 3.~~71968858~~28834959 0.00000000 0.00000000 A-R 100.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,252,000.00 7.00000% 994.~~66102056~~00472582 5.~~80218964~~79836062 0.00000000 0.00000000 B-2 2,400,000.00 7.00000% 994.~~66102083~~00472500 5.~~80218750~~79836250 0.00000000 0.00000000 B-3 1,201,000.00 7.00000% 994.~~66102415~~00472939 5.~~80218984~~79835970 0.00000000 0.00000000 B-4 900,000.00 7.00000% 994.~~66102222~~00472222 5.~~80218889~~79835556 0.00000000 0.00000000 B-5 600,000.00 7.00000% 994.~~66101667~~00473333 5.~~80218333~~79836667 0.00000000 0.00000000 B-6 900,955.06 7.00000% 994.~~66102116~~00472872 5.~~80218729~~79835802 0.~~66149803~~62160703 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 A-1 0.00000000 0.00000000 3.~~71968858~~28834959 0.00000000 ~~563~~489.~~71707507~~85183248 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 5.~~80218964~~79836062 0.00000000 ~~994~~993.~~00472582~~35616146 B-2 0.00000000 0.00000000 5.~~80218750~~79836250 0.00000000 ~~994~~993.~~00472500~~35616250 B-3 0.00000000 0.00000000 5.~~80218984~~79835970 0.00000000 ~~994~~993.~~00472939~~35616153 B-4 0.00000000 0.00000000 5.~~80218889~~79835556 0.00000000 ~~994~~993.~~00472222~~35615556 B-5 0.00000000 0.00000000 5.~~80218333~~79836667 0.00000000 ~~994~~993.~~00473333~~35616667 B-6 0.00000000 0.00000000 6.~~46368533~~41996505 0.~~62160703~~00000000 ~~994~~993.~~00472872~~35616140 (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 0.0001 Deposits Payments of Interest and Principal 22,~~491~~346,~~721~~690.5753 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5697,~~032~~575.8750 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 22,~~547~~444,~~754~~266.4403 Withdrawals Reimbursement for Servicer Advances 1756,~~244~~032.6187 Payment of Service Fee 2530,~~647~~771.1081 Payment of Interest and Principal 22,~~504~~357,~~862~~461.7236 Total Withdrawals (Pool Distribution Amount) 22,~~547~~444,~~754~~266.4304 Ending Balance 0.0100

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 177,~~823~~945.7427 Servicing Fee Support 177,~~823~~945.7427 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 4036,~~703~~251.0395 Master Servicing Fee 2,~~767~~465.8113 Supported Prepayment/Curtailment Interest Shortfall 177,~~823~~945.7427 Net Servicing Fee 2530,~~647~~771.1081

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 35 0 0 0 35 1,~~647~~884,~~124~~603.7464 0.00 0.00 0.00 1,~~647~~884,~~124~~603.7464 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 10 0 0 0 10 ~~350,594~~0.8400 0.00 0.00 0.00 ~~350,594~~0.8400 120 Days 0 0 01 0 01 0.00 0.00 0350,594.0084 0.00 0350,594.0084 150 Days 0 0 10 0 10 0.00 0.00 ~~478,634~~0.4400 0.00 ~~478,634~~0.4400 180+ Days 0 0 01 0 01 0.00 0.00 0478,634.0044 0.00 0478,634.0044 Totals 45 0 12 0 57 1,~~997~~884,~~719~~603.5864 0.00 ~~478~~829,~~634~~229.4428 0.00 2,~~476~~713,~~354~~832.0292 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 01.~~646552~~231527% 0.000000% 0.000000% 0.000000% 01.~~646552~~231527% 01.~~874964~~126607% 0.000000% 0.000000% 0.000000% 01.~~874964~~126607% 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.~~215517~~000000% 0.000000% 0.000000% 0.000000% 0.~~215517~~000000% 0.~~186238~~000000% 0.000000% 0.000000% 0.000000% 0.~~186238~~000000% 120 Days 0.000000% 0.000000% 0.~~000000~~246305% 0.000000% 0.~~000000~~246305% 0.000000% 0.000000% 0.~~000000~~209584% 0.000000% 0.~~000000~~209584% 150 Days 0.000000% 0.000000% 0.~~215517~~000000% 0.000000% 0.~~215517~~000000% 0.000000% 0.000000% 0.~~254254~~000000% 0.000000% 0.~~254254~~000000% 180+ Days 0.000000% 0.000000% 0.~~000000~~246305% 0.000000% 0.~~000000~~246305% 0.000000% 0.000000% 0.~~000000~~286125% 0.000000% 0.~~000000~~286125% Totals 01.~~862069~~231527% 0.000000% 0.~~215517~~492611% 0.000000% 1.~~077586~~724138% 1.~~061202~~126607% 0.000000% 0.~~254254~~495709% 0.000000% 1.~~315456~~622317%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~437~~416,~~990~~009.6292

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 11,253,955.06 3.75016761% 11,~~186~~179,~~484~~185.5260 67.~~42866691~~32259423% 9392.~~571333~~677406% 100.000000% Class B-1 6,001,955.06 2.00003797% 5,~~965~~962,~~971~~079.7004 3.~~42853421~~90528319% 3.~~000133~~417311% 0.000000% Class B-2 3,601,955.06 1.20028338% 3,~~580~~578,~~360~~024.3625 2.~~05756725~~34367875% 1.~~370967~~561604% 0.000000% Class B-3 2,400,955.06 0.80007285% 2,~~386~~385,~~560~~003.6850 1.~~37151253~~56222586% 0.~~686055~~781453% 0.000000% Class B-4 1,500,955.06 0.50016488% 1,~~491~~490,~~956~~982.4396 0.~~85739992~~97662420% 0.~~514113~~585602% 0.000000% Class B-5 900,955.06 0.30022623% ~~895~~894,~~553~~969.5926 0.~~51465818~~58622309% 0.~~342742~~390401% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~514658~~586223% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 117,777.90 0.03924726% 117,777.90 0.~~06768479~~07714692% Fraud 6,001,841.10 2.00000000% 6,001,841.10 3.~~44914769~~93132814% Special Hazard 3,000,920.55 1.00000000% 3,000,920.55 1.~~72457385~~96566407% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 8.~~044381~~044522% Weighted Average Net Coupon 7.~~000434~~003454% Weighted Average Pass-Through Rate 7.000000% Weighted Average Maturity(Stepdown Calculation ) ~~348~~347 Beginning Scheduled Collateral Loan Count ~~518~~464 Number Of Loans Paid In Full 5458 Ending Scheduled Collateral Loan Count ~~464~~406 Beginning Scheduled Collateral Balance ~~195~~174,~~374~~009,~~570~~397.0905 Ending Scheduled Collateral Balance ~~174~~152,~~009~~667,~~397~~009.0518 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2001 ~~188~~167,~~250~~281,~~632~~327.9549 Ending Scheduled Balance For Wells Fargo Serviced ~~108~~93,~~317~~706,~~057~~220.5368 Ending Scheduled Balance For Other Servicers 6558,~~692~~960,~~339~~788.5250 Monthly P &I Constant 1,~~322~~182,~~039~~202.1522 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 22,~~432~~284,~~174~~889.5426 Ending Scheduled Balance for Premium Loans ~~174~~152,~~009~~667,~~397~~009.0518 Scheduled Principal ~~128~~113,~~911~~537.4921 Unscheduled Principal 21,~~236~~228,~~261~~850.5566 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~160~~140,~~458~~117,~~233~~181.1300 Greater Than 80%, less than or equal to 85% 32,~~247~~943,~~528~~839.1497 Greater than 85%, less than or equal to 95% 109,~~350~~653,~~838~~010.4007 Greater than 95% 0.00

Filing Compare · WELLS FARGO ASSET SEC CORP MOR PASS THR CERT SER 2001-5