8-K 1 wfm0300d.txt JUNE 8-K 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): June 25, 2003 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-D Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-98129-11 02-0686997 Pooling and Servicing Agreement) (Commission (State or other File Number) jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (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 June 25, 2003 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-D 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 2003-D Trust, relating to the June 25, 2003 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 2003-D Trust By: Wells Fargo Bank Minnesota, N.A., as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 6/27/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-D Trust, relating to the June 25, 2003 distribution.

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 45/3031/03 Distribution Date: 56/2725/03 WFMBS Series: 2003-D 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 A-1 949911AA9 SEQ 4.~~92263~~91810% ~~365~~347,~~483~~231,~~496~~481.4302 1,~~499~~423,~~283~~097.1096 1820,~~252~~938,~~015~~379.4174 A-R 949911AB7 SEQ 4.~~91789~~91146% 0.00 0.00 0.00 B-1 949911AC5 SUB 4.~~92263~~91810% 5,~~795~~790,~~104~~136.3861 23,~~772~~730.6237 4,~~967~~942.7755 B-2 949911AD3 SUB 4.~~92263~~91810% 1,~~998~~996,~~587~~873.2599 8,~~198~~184.5901 1,~~713~~704.2656 B-3 949911AE1 SUB 4.~~92263~~91810% ~~998~~997,~~295~~439.3355 4,~~095~~087.2092 ~~855~~851.7743 B-4 949911AF8 SUB 4.~~92263~~91810% ~~799~~798,~~634~~949.5608 3,~~280~~274.2542 ~~685~~682.4800 B-5 949911AG6 SUB 4.~~92263~~91810% 599,~~975~~461.4917 2,~~461~~456.2184 ~~514~~511.3271 B-6 949911AH4 SUB 4.~~92263~~91810% 599,~~600~~086.80 2,~~459~~455.6831 ~~514~~511.0039 Totals ~~376~~358,~~274~~013,~~694~~428.2422 1,~~543~~467,~~550~~286.6583 1820,~~261~~947,~~266~~583.0138

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~347~~326,~~231~~293,~~481~~101.0228 1922,~~751~~361,~~298~~477.5170 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 5,~~790~~785,~~136~~194.6105 28,~~740~~672.3992 0.00 B-2 0.00 1,~~996~~995,~~873~~169.9942 9,~~911~~888.8557 0.00 B-3 0.00 ~~997~~996,~~439~~588.5512 4,~~950~~939.9735 0.00 B-4 0.00 798,~~949~~267.0809 3,~~965~~956.7342 0.00 B-5 0.00 ~~599~~598,~~461~~949.1746 2,~~975~~968.5355 0.00 B-6 0.00 ~~599~~598,~~086~~575.8041 2,~~973~~966.6870 0.00 Totals 0.00 ~~358~~337,~~013~~065,~~428~~844.2283 1922,~~804~~414,~~816~~870.6621 0.00 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-1 389,522,000.00 ~~365~~347,~~483~~231,~~496~~481.4302 ~~313~~296,~~305~~402.6736 1720,~~938~~641,~~709~~977.7438 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 5,805,000.00 5,~~795~~790,~~104~~136.3861 4,~~967~~942.7755 0.00 0.00 0.00 B-2 2,002,000.00 1,~~998~~996,~~587~~873.2599 1,~~713~~704.2656 0.00 0.00 0.00 B-3 1,000,000.00 ~~998~~997,~~295~~439.3355 ~~855~~851.7743 0.00 0.00 0.00 B-4 801,000.00 ~~799~~798,~~634~~949.5608 ~~685~~682.4800 0.00 0.00 0.00 B-5 601,000.00 599,~~975~~461.4917 ~~514~~511.3271 0.00 0.00 0.00 B-6 600,624.67 599,~~600~~086.80 ~~514~~511.0039 0.00 0.00 0.00 Totals 400,331,724.67 ~~376~~358,~~274~~013,~~694~~428.2422 ~~322~~305,~~556~~606.2700 1720,~~938~~641,~~709~~977.7438 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 1820,~~252~~938,~~015~~379.4174 ~~347~~326,~~231~~293,~~481~~101.0228 0.~~89142970~~83767567 1820,~~252~~938,~~015~~379.4174 A-R 0.00 0.00 0.00000000 0.00 B-1 4,~~967~~942.7755 5,~~790~~785,~~136~~194.6105 0.~~99743955~~99658812 4,~~967~~942.7755 B-2 1,~~713~~704.2656 1,~~996~~995,~~873~~169.9942 0.~~99743956~~99658812 1,~~713~~704.2656 B-3 ~~855~~851.7743 ~~997~~996,~~439~~588.5512 0.~~99743955~~99658812 ~~855~~851.7743 B-4 ~~685~~682.4800 798,~~949~~267.0809 0.~~99743955~~99658813 ~~685~~682.4800 B-5 ~~514~~511.3271 ~~599~~598,~~461~~949.1746 0.~~99743955~~99658812 ~~514~~511.3271 B-6 ~~514~~511.0039 ~~599~~598,~~086~~575.8041 0.~~99743955~~99658812 ~~514~~511.0039 Totals 1820,~~261~~947,~~266~~583.0138 ~~358~~337,~~013~~065,~~428~~844.2283 0.~~89429192~~84196636 1820,~~261~~947,~~266~~583.0138

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 389,522,000.00 ~~938~~891.~~28717359~~42970364 0.~~80433370~~76093869 4652.~~05313625~~99309764 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,805,000.00 ~~998~~997.~~29532817~~43955383 0.~~85577433~~85142980 0.00000000 0.00000000 B-2 2,002,000.00 ~~998~~997.~~29532967~~43955544 0.~~85577423~~85142857 0.00000000 0.00000000 B-3 1,000,000.00 ~~998~~997.~~29533000~~43955000 0.~~85577000~~85143000 0.00000000 0.00000000 B-4 801,000.00 ~~998~~997.~~29533084~~43955056 0.~~85578027~~85143571 0.00000000 0.00000000 B-5 601,000.00 ~~998~~997.~~29532446~~43955075 0.~~85577371~~85143095 0.00000000 0.00000000 B-6 600,624.67 ~~998~~997.~~29532477~~43954906 0.~~85577570~~85143023 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 4653.~~85746995~~75403633 ~~891~~837.~~42970364~~67566731 0.~~89142970~~83767567 4653.~~85746995~~75403633 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~85577433~~85142980 ~~997~~996.~~43955383~~58812231 0.~~99743955~~99658812 0.~~85577433~~85142980 B-2 0.00000000 0.~~85577423~~85142857 ~~997~~996.~~43955544~~58812188 0.~~99743956~~99658812 0.~~85577423~~85142857 B-3 0.00000000 0.~~85577000~~85143000 ~~997~~996.~~43955000~~58812000 0.~~99743955~~99658812 0.~~85577000~~85143000 B-4 0.00000000 0.~~85578027~~85143571 ~~997~~996.~~43955056~~58812734 0.~~99743955~~99658813 0.~~85578027~~85143571 B-5 0.00000000 0.~~85577371~~85143095 ~~997~~996.~~43955075~~58811980 0.~~99743955~~99658812 0.~~85577371~~85143095 B-6 0.00000000 0.~~85577570~~85143023 ~~997~~996.~~43954906~~58811883 0.~~99743955~~99658812 0.~~85577570~~85143023 (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-1 389,522,000.00 4.~~92263~~91810% ~~365~~347,~~483~~231,~~496~~481.4302 1,~~499~~423,~~283~~097.1096 0.00 0.00 A-R 100.00 4.~~91789~~91146% 0.00 0.00 0.00 0.00 B-1 5,805,000.00 4.~~92263~~91810% 5,~~795~~790,~~104~~136.3861 23,~~772~~730.6237 0.00 0.00 B-2 2,002,000.00 4.~~92263~~91810% 1,~~998~~996,~~587~~873.2599 8,~~198~~184.5901 0.00 0.00 B-3 1,000,000.00 4.~~92263~~91810% ~~998~~997,~~295~~439.3355 4,~~095~~087.2092 0.00 0.00 B-4 801,000.00 4.~~92263~~91810% ~~799~~798,~~634~~949.5608 3,~~280~~274.2542 0.00 0.00 B-5 601,000.00 4.~~92263~~91810% 599,~~975~~461.4917 2,~~461~~456.2184 0.00 0.00 B-6 600,624.67 4.~~92263~~91810% 599,~~600~~086.80 2,~~459~~455.6831 0.00 0.00 Totals 400,331,724.67 1,~~543~~467,~~550~~286.6583 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 0.00 0.00 1,~~499~~423,~~283~~097.1096 0.00 ~~347~~326,~~231~~293,~~481~~101.0228 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 23,~~772~~730.6237 0.00 5,~~790~~785,~~136~~194.6105 B-2 0.00 0.00 8,~~198~~184.5901 0.00 1,~~996~~995,~~873~~169.9942 B-3 0.00 0.00 4,~~095~~087.2092 0.00 ~~997~~996,~~439~~588.5512 B-4 0.00 0.00 3,~~280~~274.2542 0.00 798,~~949~~267.0809 B-5 0.00 0.00 2,~~461~~456.2184 0.00 ~~599~~598,~~461~~949.1746 B-6 0.00 0.00 2,~~459~~455.6831 0.00 ~~599~~598,~~086~~575.8041 Totals 0.00 0.00 1,~~543~~467,~~550~~286.6583 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 A-1 389,522,000.00 4.~~92263~~91810% ~~938~~891.~~28717359~~42970364 3.~~84903317~~65344694 0.00000000 0.00000000 A-R 100.00 4.~~91789~~91146% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,805,000.00 4.~~92263~~91810% ~~998~~997.~~29532817~~43955383 4.~~09519724~~08791904 0.00000000 0.00000000 B-2 2,002,000.00 4.~~92263~~91810% ~~998~~997.~~29532967~~43955544 4.~~09519980~~08791708 0.00000000 0.00000000 B-3 1,000,000.00 4.~~92263~~91810% ~~998~~997.~~29533000~~43955000 4.~~09520000~~08792000 0.00000000 0.00000000 B-4 801,000.00 4.~~92263~~91810% ~~998~~997.~~29533084~~43955056 4.~~09519351~~08791511 0.00000000 0.00000000 B-5 601,000.00 4.~~92263~~91810% ~~998~~997.~~29532446~~43955075 4.~~09519135~~08792013 0.00000000 0.00000000 B-6 600,624.67 4.~~92263~~91810% ~~998~~997.~~29532477~~43954906 4.~~09520308~~08792732 0.00000000 0.00000000 (5) ~~Per~~All classes are per $11000 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.~~84903317~~65344694 0.00000000 ~~891~~837.~~42970364~~67566731 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.~~09519724~~08791904 0.00000000 ~~997~~996.~~43955383~~58812231 B-2 0.00000000 0.00000000 4.~~09519980~~08791708 0.00000000 ~~997~~996.~~43955544~~58812188 B-3 0.00000000 0.00000000 4.~~09520000~~08792000 0.00000000 ~~997~~996.~~43955000~~58812000 B-4 0.00000000 0.00000000 4.~~09519351~~08791511 0.00000000 ~~997~~996.~~43955056~~58812734 B-5 0.00000000 0.00000000 4.~~09519135~~08792013 0.00000000 ~~997~~996.~~43955075~~58811980 B-6 0.00000000 0.00000000 4.~~09520308~~08792732 0.00000000 ~~997~~996.~~43954906~~58811883 (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 7151,~~243~~955.8096 Deposits Payments of Interest and Principal 1922,~~894~~546,~~488~~865.6288 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized ~~Losses~~Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1922,~~894~~546,~~488~~865.6288 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~108~~106,~~959~~349.7926 Payment of Interest and Principal 1922,~~804~~414,~~816~~870.6622 Total Withdrawals (Pool Distribution Amount) 1922,~~913~~521,~~776~~219.4548 Ending Balance 5177,~~955~~602.9637

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 118,~~755~~512.3990 Servicing Fee Support 118,~~755~~512.3990 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee ~~117~~111,~~579~~878.7273 Master Servicing Fee 32,~~135~~983.4643 Supported Prepayment/Curtailment Interest Shortfall 118,~~755~~512.3990 Net Servicing Fee ~~108~~106,~~959~~349.7926

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 10 0 0 0 10 ~~487,519~~0.3300 0.00 0.00 0.00 ~~487,519~~0.3300 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 10 0 0 0 10 ~~487,519~~0.3300 0.00 0.00 0.00 ~~487,519~~0.3300 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.~~128700~~000000% 0.000000% 0.000000% 0.000000% 0.~~128700~~000000% 10.~~384131~~000000% 0.000000% 0.000000% 0.000000% 10.~~384131~~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.~~128700~~000000% 0.000000% 0.000000% 0.000000% 0.~~128700~~000000% 10.~~384131~~000000% 0.000000% 0.000000% 0.000000% 10.~~384131~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8549,~~908~~208.1232

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 10,809,624.67 2.70016689% 10,~~781~~772,~~947~~743.2055 3.~~01160413~~19603535% 96.~~988396~~803965% 100.000000% Class B-1 5,004,624.67 1.25011943% 4,~~991~~987,~~810~~549.5950 1.~~39430820~~47969590% 1.~~617296~~716339% 0.000000% Class B-2 3,002,624.67 0.75003416% 2,~~994~~992,~~936~~380.6008 0.~~83654309~~88777315% 0.~~557765~~591923% 0.000000% Class B-3 2,002,624.67 0.50024131% 1,~~997~~995,~~497~~791.0596 0.~~55793914~~59210744% 0.~~278604~~295666% 0.000000% Class B-4 1,201,624.67 0.30015724% 1,~~198~~197,~~547~~524.9787 0.~~33477738~~35527921% 0.~~223162~~236828% 0.000000% Class B-5 600,624.67 0.15003174% ~~599~~598,~~086~~575.8041 0.~~16733640~~17758412% 0.~~167441~~177695% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~167336~~177584% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description 5/1 CMT ARM Weighted Average Gross Coupon 5.~~307885~~303116% Weighted Average Net Coupon 4.~~922885~~918116% Weighted Average Pass-Through Rate 4.~~922885~~918116% Weighted Average Maturity(Stepdown Calculation ) ~~355~~354 Beginning Scheduled Collateral Loan Count ~~812~~777 Number Of Loans Paid In Full 3543 Ending Scheduled Collateral Loan Count ~~777~~734 Beginning Scheduled Collateral Balance ~~376~~358,~~274~~013,~~694~~428.2322 Ending Scheduled Collateral Balance ~~358~~337,~~013~~065,~~428~~844.2284 Ending Actual Collateral Balance at 3031-~~Apr~~May-2003 35316,~~222~~117,~~049~~946.1031 Monthly P &I Constant 1,~~999~~907,~~156~~781.6345 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1922,~~751~~361,~~298~~477.5170 Ending Scheduled Balance for Premium Loans ~~358~~337,~~013~~065,~~428~~844.2284 Scheduled Principal ~~322~~305,~~556~~606.2700 Unscheduled Principal 1720,~~938~~641,~~709~~977.7438 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~351~~331,~~840~~280,~~616~~242.6441 Greater Than 80%, less than or equal to 85% 1,~~515~~130,~~946~~942.2268 Greater than 85%, less than or equal to 95% 4,~~653~~647,~~276~~143.8352 Greater than 95% 0.00

Filing Compare · WELLS FARGO ASSET SEC CORP MORTGAGE PASS THR CERT SER 2003-D