8-K 1 wfm04003.txt AUGUST 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): August 25, 2004 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110283-15 54-2147386 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, 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) 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 (see General Instruction A.2. below): [ ] 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 August 25, 2004 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2004-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-3 Trust, relating to the August 25, 2004 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 2004-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/2/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-3 Trust, relating to the August 25, 2004 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 67/3031/042004 Distribution Date: 78/2625/042004 WFMBS Series: 2004-3 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 A-PO 949809AB3 SEN 0.00000% ~~772~~768,~~984~~872.4573 0.00 43,~~111~~363.7376 A-1 949809AA5 SEN 4.75000% ~~224~~219,~~544~~972,~~427~~652.2803 ~~888~~870,~~744~~731.4021 42,~~571~~321,~~775~~470.2560 A-R 949809AC1 SEN 4.75000% 0.00 0.00 0.00 B-1 949809AD9 SUB 4.75000% 1,~~977~~970,~~927~~413.4247 7,~~828~~799.6261 7,~~513~~629.9551 B-2 949809AE7 SUB 4.75000% ~~495~~493,~~470~~588.8257 1,~~961~~953.0780 1,~~882~~911.2419 B-3 949809AF4 SUB 4.75000% ~~370~~369,~~861~~452.3953 1,~~467~~462.8743 1,~~408~~430.8753 B-4 949809AG2 SUB 4.75000% ~~247~~246,~~240~~301.9368 ~~978~~974.5895 ~~939~~953.2469 B-5 949809AH0 SUB 4.75000% ~~247~~246,~~240~~301.9368 ~~978~~974.5895 ~~939~~953.2469 B-6 949809AJ6 SUB 4.75000% 123,~~763~~292.0588 ~~489~~488.8504 ~~470~~477.1639 Totals ~~228~~224,~~779~~190,~~916~~875.2757 ~~902~~884,~~448~~384.9799 42,~~589~~338,~~040~~190.6836

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 ~~768~~765,~~872~~508.7397 43,~~111~~363.7376 0.00 A-1 0.00 ~~219~~217,~~972~~651,~~652~~181.0343 53,~~460~~192,~~519~~201.6581 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 1,~~970~~962,~~413~~783.4797 15,~~342~~429.5712 0.00 B-2 0.00 ~~493~~491,~~588~~677.5738 3,~~843~~864.3199 0.00 B-3 0.00 ~~369~~368,~~452~~021.5399 2,~~876~~892.7496 0.00 B-4 0.00 ~~246~~245,~~301~~348.6800 1,~~917~~928.8264 0.00 B-5 0.00 ~~246~~245,~~301~~348.6800 1,~~917~~928.8264 0.00 B-6 0.00 ~~123~~122,~~292~~815.8849 ~~960~~965.0143 0.00 Totals 0.00 ~~224~~221,~~190~~852,~~875~~685.5723 53,~~491~~222,~~489~~575.6535 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-PO 783,972.27 ~~772~~768,~~984~~872.4573 3,~~142~~157.4968 ~~969~~206.2408 0.00 0.00 A-1 245,750,000.00 ~~224~~219,~~544~~972,~~427~~652.2803 ~~853~~851,~~021~~741.7928 31,~~718~~469,~~753~~729.4632 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 2,000,000.00 1,~~977~~970,~~927~~413.4247 7,~~513~~629.9551 0.00 0.00 0.00 B-2 501,000.00 ~~495~~493,~~470~~588.8257 1,~~882~~911.2419 0.00 0.00 0.00 B-3 375,000.00 ~~370~~369,~~861~~452.3953 1,~~408~~430.8753 0.00 0.00 0.00 B-4 250,000.00 ~~247~~246,~~240~~301.9368 ~~939~~953.2469 0.00 0.00 0.00 B-5 250,000.00 ~~247~~246,~~240~~301.9368 ~~939~~953.2469 0.00 0.00 0.00 B-6 125,144.17 123,~~763~~292.0588 ~~470~~477.1639 0.00 0.00 0.00 Totals 250,035,216.44 ~~228~~224,~~779~~190,~~916~~875.2757 ~~869~~868,~~317~~254.9896 31,~~719~~469,~~722~~935.7040 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-PO 43,~~111~~363.7376 ~~768~~765,~~872~~508.7397 0.~~98073970~~97644904 43,~~111~~363.7376 A-1 42,~~571~~321,~~775~~470.2560 ~~219~~217,~~972~~651,~~652~~181.0343 0.~~89510743~~88566096 42,~~571~~321,~~775~~470.2560 A-R 0.00 0.00 0.00000000 0.00 B-1 7,~~513~~629.9551 1,~~970~~962,~~413~~783.4797 0.~~98520674~~98139199 7,~~513~~629.9551 B-2 1,~~882~~911.2419 ~~493~~491,~~588~~677.5738 0.~~98520673~~98139198 1,~~882~~911.2419 B-3 1,~~408~~430.8753 ~~369~~368,~~452~~021.5399 0.~~98520675~~98139197 1,~~408~~430.8753 B-4 ~~939~~953.2469 ~~246~~245,~~301~~348.6800 0.~~98520672~~98139200 ~~939~~953.2469 B-5 ~~939~~953.2469 ~~246~~245,~~301~~348.6800 0.~~98520672~~98139200 ~~939~~953.2469 B-6 ~~470~~477.1639 ~~123~~122,~~292~~815.8849 0.~~98520674~~98139202 ~~470~~477.1639 Totals 42,~~589~~338,~~040~~190.6836 ~~224~~221,~~190~~852,~~875~~685.5723 0.~~89663720~~88728575 42,~~589~~338,~~040~~190.6836

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 783,972.27 ~~985~~980.~~98442774~~73970142 4.~~00841984~~02779552 10.~~23631924~~26286644 0.00000000 A-1 245,750,000.00 ~~913~~895.~~71079259~~10743451 3.~~47109579~~46588517 155.~~13226230~~98058726 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,000,000.00 ~~988~~985.~~96371000~~20673500 3.~~75697500~~81475500 0.00000000 0.00000000 B-2 501,000.00 ~~988~~985.~~96371257~~20672655 3.~~75696607~~81475050 0.00000000 0.00000000 B-3 375,000.00 ~~988~~985.~~96370667~~20674667 3.~~75698667~~81474667 0.00000000 0.00000000 B-4 250,000.00 ~~988~~985.~~96372000~~20672000 3.~~75696000~~81476000 0.00000000 0.00000000 B-5 250,000.00 ~~988~~985.~~96372000~~20672000 3.~~75696000~~81476000 0.00000000 0.00000000 B-6 125,144.17 ~~988~~985.~~96376875~~20674195 3.~~75694689~~81472025 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-PO 0.00000000 54.~~24473908~~29066196 ~~980~~976.~~73970142~~44903945 0.~~98073970~~97644904 54.~~24473908~~29066196 A-1 0.00000000 189.~~60335809~~44647243 ~~895~~885.~~10743451~~66096208 0.~~89510743~~88566096 189.~~60335809~~44647243 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 3.~~75697500~~81475500 ~~985~~981.~~20673500~~39198500 0.~~98520674~~98139199 3.~~75697500~~81475500 B-2 0.00000000 3.~~75696607~~81475050 ~~985~~981.~~20672655~~39197605 0.~~98520673~~98139198 3.~~75696607~~81475050 B-3 0.00000000 3.~~75698667~~81474667 ~~985~~981.~~20674667~~39197333 0.~~98520675~~98139197 3.~~75698667~~81474667 B-4 0.00000000 3.~~75696000~~81476000 ~~985~~981.~~20672000~~39200000 0.~~98520672~~98139200 3.~~75696000~~81476000 B-5 0.00000000 3.~~75696000~~81476000 ~~985~~981.~~20672000~~39200000 0.~~98520672~~98139200 3.~~75696000~~81476000 B-6 0.00000000 3.~~75694689~~81472025 ~~985~~981.~~20674195~~39202170 0.~~98520674~~98139202 3.~~75694689~~81472025 (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-PO 783,972.27 0.00000% ~~772~~768,~~984~~872.4573 0.00 0.00 0.00 A-1 245,750,000.00 4.75000% ~~224~~219,~~544~~972,~~427~~652.2803 ~~888~~870,~~821~~725.6908 0.00 0.00 A-R 100.00 4.75000% 0.00 0.00 0.00 0.00 B-1 2,000,000.00 4.75000% 1,~~977~~970,~~927~~413.4247 7,~~829~~799.3055 0.00 0.00 B-2 501,000.00 4.75000% ~~495~~493,~~470~~588.8257 1,~~961~~953.2479 0.00 0.00 B-3 375,000.00 4.75000% ~~370~~369,~~861~~452.3953 1,~~467~~462.9942 0.00 0.00 B-4 250,000.00 4.75000% ~~247~~246,~~240~~301.9368 ~~978~~974.6694 0.00 0.00 B-5 250,000.00 4.75000% ~~247~~246,~~240~~301.9368 ~~978~~974.6694 0.00 0.00 B-6 125,144.17 4.75000% 123,~~763~~292.0588 ~~489~~488.9003 0.00 0.00 Totals 250,035,216.44 ~~902~~884,~~527~~378.4475 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-PO 0.00 0.00 0.00 0.00 ~~768~~765,~~872~~508.7397 A-1 77(6.2913) 0.00 ~~888~~870,~~744~~731.4021 0.00 ~~219~~217,~~972~~651,~~652~~181.0343 A-R 0.00 0.00 0.00 0.00 0.00 B-1 (0.6805) 0.00 7,~~828~~799.6261 0.00 1,~~970~~962,~~413~~783.4797 B-2 (0.1701) 0.00 1,~~961~~953.0780 0.00 ~~493~~491,~~588~~677.5738 B-3 (0.1301) 0.00 1,~~467~~462.8743 0.00 ~~369~~368,~~452~~021.5399 B-4 (0.0801) 0.00 ~~978~~974.5895 0.00 ~~246~~245,~~301~~348.6800 B-5 (0.0801) 0.00 ~~978~~974.5895 0.00 ~~246~~245,~~301~~348.6800 B-6 0.0400 0.00 ~~489~~488.8504 0.00 ~~123~~122,~~292~~815.8849 Totals 78(6.4722) 0.00 ~~902~~884,~~448~~384.9799 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-PO 783,972.27 0.00000% ~~985~~980.~~98442774~~73970142 0.00000000 0.00000000 0.00000000 A-1 245,750,000.00 4.75000% ~~913~~895.~~71079259~~10743451 3.~~61677188~~54313359 0.00000000 0.00000000 A-R 100.00 4.75000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,000,000.00 4.75000% ~~988~~985.~~96371000~~20673500 3.~~91465000~~89977500 0.00000000 0.00000000 B-2 501,000.00 4.75000% ~~988~~985.~~96371257~~20672655 3.~~91465070~~89978044 0.00000000 0.00000000 B-3 375,000.00 4.75000% ~~988~~985.~~96370667~~20674667 3.~~91464000~~89978667 0.00000000 0.00000000 B-4 250,000.00 4.75000% ~~988~~985.~~96372000~~20672000 3.~~91464000~~89976000 0.00000000 0.00000000 B-5 250,000.00 4.75000% ~~988~~985.~~96372000~~20672000 3.~~91464000~~89976000 0.00000000 0.00000000 B-6 125,144.17 4.75000% ~~988~~985.~~96376875~~20674195 3.~~91468496~~89974219 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-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~980~~976.~~73970142~~44903945 A-1 (0.~~00031451~~00002494) 0.00000000 3.~~61645738~~54315854 0.00000000 ~~895~~885.~~10743451~~66096208 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 (0.~~00034000~~00002500) 0.00000000 3.~~91431000~~89980500 0.00000000 ~~985~~981.~~20673500~~39198500 B-2 (0.~~00033932~~00001996) 0.00000000 3.~~91431138~~89980040 0.00000000 ~~985~~981.~~20672655~~39197605 B-3 (0.~~00034667~~00002667) 0.00000000 3.~~91432000~~89981333 0.00000000 ~~985~~981.~~20674667~~39197333 B-4 (0.~~00032000~~00004000) 0.00000000 3.~~91432000~~89980000 0.00000000 ~~985~~981.~~20672000~~39200000 B-5 (0.~~00032000~~00004000) 0.00000000 3.~~91432000~~89980000 0.00000000 ~~985~~981.~~20672000~~39200000 B-6 0.~~00031963~~00000000 0.00000000 3.~~91428542~~89982210 0.00000000 ~~985~~981.~~20674195~~39202170 (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 ~~181~~137,~~393~~210.0045 Deposits Payments of Interest and Principal 53,~~493~~321,~~926~~468.7626 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 53,~~493~~321,~~926~~468.7626 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 4648,~~619~~543.6611 Payment of Interest and Principal 53,~~491~~222,~~489~~575.6535 Total Withdrawals (Pool Distribution Amount) 53,~~538~~271,~~109~~118.3146 Ending Balance ~~137~~187,~~210~~560.4525

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~3,026~~25.2747 Servicing Fee Support ~~2,947~~31.8068 Non-Supported Prepayment/Curtailment Interest Shortfall 78(6.4721)

SERVICING FEES Gross Servicing Fee 4746,~~661~~706.0252 Master Servicing Fee 1,~~906~~868.4426 Supported Prepayment/Curtailment Interest Shortfall ~~2,947~~31.8068 Net Servicing Fee 4648,~~619~~543.6611

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7144,~~678~~357.2793

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 3,501,144.17 1.40026042% 3,~~449~~435,~~350~~994.8183 1.~~53857770~~54877315% 98.~~461422~~451227% 100.000000% Class B-1 1,501,144.17 0.60037310% 1,~~478~~473,~~937~~210.3486 0.~~65967776~~66404915% 0.~~878900~~884724% 0.000000% Class B-2 1,000,144.17 0.40000132% ~~985~~981,~~348~~533.7748 0.~~43951332~~44242578% 0.~~220164~~221623% 0.000000% Class B-3 625,144.17 0.25002245% ~~615~~613,~~896~~511.2449 0.~~27471958~~27654003% 0.~~164794~~165886% 0.000000% Class B-4 375,144.17 0.15003653% ~~369~~368,~~594~~163.5649 0.~~16485709~~16594953% 0.~~109862~~110591% 0.000000% Class B-5 125,144.17 0.05005062% ~~123~~122,~~292~~815.8849 0.~~05499460~~05535903% 0.~~109862~~110591% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~054995~~055359% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Fixed 15 Year Weighted Average Gross Coupon 5.~~290074~~289247% Weighted Average Net Coupon 4.~~733898~~733734% Weighted Average Pass-Through Rate 4.750000% Weighted Average Maturity(Stepdown Calculation ) ~~174~~173 Beginning Scheduled Collateral Loan Count ~~487~~481 Number Of Loans Paid In Full 63 Ending Scheduled Collateral Loan Count ~~481~~478 Beginning Scheduled Collateral Balance ~~228~~224,~~779~~190,~~916~~875.2758 Ending Scheduled Collateral Balance ~~224~~221,~~190~~852,~~875~~685.5822 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2004 ~~226~~221,~~477~~873,~~470~~943.9634 Ending Scheduled Balance For Wells Fargo Serviced ~~223~~221,~~868~~531,~~384~~746.0526 Ending Scheduled Balance For Other Servicers ~~322~~320,~~491~~938.5396 Monthly P &I Constant 1,~~835~~806,~~257~~474.6319 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 53,~~464~~195,~~708~~559.6744 Ending Scheduled Balance for Premium Loans ~~197~~195,~~805~~584,~~003~~296.4389 Ending scheduled Balance For discounted Loans 26,~~385~~268,~~872~~388.1533 Scheduled Principal ~~869~~868,~~317~~254.9996 Unscheduled Principal 31,~~719~~469,~~722~~935.7040 Unpaid Principal Balance Of Outstanding Mortgage Loans With OrOriginal LTV: Less Than Or Equal To 80% ~~221~~218,~~052~~700,~~224~~413.2143 Greater Than 80%, less than or equal to 85% 1,~~852~~845,~~284~~323.5926 Greater than 85%, less than or equal to 95% 1,~~221~~216,~~162~~281.9026 Greater than 95% 0.00

Filing Compare · WELLS FARGO ASSEST SEC C ORP MORT BACKED SEC 2004-3 TRUST