8-K 1 wfm04003_sep.txt SEPTEMBER 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): September 27, 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 September 27, 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 September 27, 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: 10/1/2004 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 September 27, 2004 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 78/31/2004 Distribution Date: 89/2527/2004 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% ~~768~~765,~~872~~508.7397 0.00 3,~~363~~432.7670 A-1 949809AA5 SEN 4.75000% ~~219~~217,~~972~~651,~~652~~181.0343 ~~870~~861,~~731~~569.2138 23,~~321~~053,~~470~~543.6008 A-R 949809AC1 SEN 4.75000% 0.00 0.00 0.00 B-1 949809AD9 SUB 4.75000% 1,~~970~~962,~~413~~783.4797 7,~~799~~769.6165 7,~~629~~642.51 B-2 949809AE7 SUB 4.75000% ~~493~~491,~~588~~677.5738 1,~~953~~946.8030 1,~~911~~914.1945 B-3 949809AF4 SUB 4.75000% ~~369~~368,~~452~~021.5399 1,~~462~~456.4381 1,~~430~~432.5397 B-4 949809AG2 SUB 4.75000% ~~246~~245,~~301~~348.6800 ~~974~~971.9521 ~~953~~955.6931 B-5 949809AH0 SUB 4.75000% ~~246~~245,~~301~~348.6800 ~~974~~971.9521 ~~953~~955.6931 B-6 949809AJ6 SUB 4.75000% ~~123~~122,~~292~~815.8849 ~~488~~486.0416 ~~477~~478.3921 Totals ~~224~~221,~~190~~852,~~875~~685.5723 ~~884~~875,~~384~~170.9972 23,~~338~~070,~~190~~354.3654

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 ~~765~~762,~~508~~076.9727 3,~~363~~432.7670 0.00 A-1 0.00 ~~217~~214,~~651~~597,~~181~~638.4335 3,~~192~~915,~~201~~112.8146 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 1,~~962~~955,~~783~~141.9746 15,~~429~~412.1216 0.00 B-2 0.00 ~~491~~489,~~677~~762.3894 3,~~864~~860.9975 0.00 B-3 0.00 ~~368~~366,~~021~~589.9902 2,~~892~~889.9678 0.00 B-4 0.00 ~~245~~244,~~348~~392.0068 1,~~928~~926.6452 0.00 B-5 0.00 ~~245~~244,~~348~~392.0068 1,~~928~~926.6452 0.00 B-6 0.00 122,~~815~~337.4928 ~~965~~964.4337 0.00 Totals 0.00 ~~221~~218,~~852~~782,~~685~~330.2368 3,~~222~~945,~~575~~525.3526 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 ~~768~~765,~~872~~508.7397 3,~~157~~171.6812 ~~206~~261.0858 0.00 0.00 A-1 245,750,000.00 ~~219~~217,~~972~~651,~~652~~181.0343 ~~851~~847,~~741~~470.2813 12,~~469~~206,~~729~~072.3295 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,~~970~~962,~~413~~783.4797 7,~~629~~642.51 0.00 0.00 0.00 B-2 501,000.00 ~~493~~491,~~588~~677.5738 1,~~911~~914.1945 0.00 0.00 0.00 B-3 375,000.00 ~~369~~368,~~452~~021.5399 1,~~430~~432.5397 0.00 0.00 0.00 B-4 250,000.00 ~~246~~245,~~301~~348.6800 ~~953~~955.6931 0.00 0.00 0.00 B-5 250,000.00 ~~246~~245,~~301~~348.6800 ~~953~~955.6931 0.00 0.00 0.00 B-6 125,144.17 ~~123~~122,~~292~~815.8849 ~~477~~478.3921 0.00 0.00 0.00 Totals 250,035,216.44 ~~224~~221,~~190~~852,~~875~~685.5723 ~~868~~864,~~254~~020.9601 12,~~469~~206,~~935~~334.4053 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 3,~~363~~432.7670 ~~765~~762,~~508~~076.9727 0.~~97644904~~97207044 3,~~363~~432.7670 A-1 23,~~321~~053,~~470~~543.6008 ~~217~~214,~~651~~597,~~181~~638.4335 0.~~88566096~~87323556 23,~~321~~053,~~470~~543.6008 A-R 0.00 0.00 0.00000000 0.00 B-1 7,~~629~~642.51 1,~~962~~955,~~783~~141.9746 0.~~98139199~~97757073 7,~~629~~642.51 B-2 1,~~911~~914.1945 ~~491~~489,~~677~~762.3894 0.~~98139198~~97757074 1,~~911~~914.1945 B-3 1,~~430~~432.5397 ~~368~~366,~~021~~589.9902 0.~~98139197~~97757072 1,~~430~~432.5397 B-4 ~~953~~955.6931 ~~245~~244,~~348~~392.0068 0.~~98139200~~97757072 ~~953~~955.6931 B-5 ~~953~~955.6931 ~~245~~244,~~348~~392.0068 0.~~98139200~~97757072 ~~953~~955.6931 B-6 ~~477~~478.3921 122,~~815~~337.4928 0.~~98139202~~97757075 ~~477~~478.3921 Totals 23,~~338~~070,~~190~~354.3654 ~~221~~218,~~852~~782,~~685~~330.2368 0.~~88728575~~87500606 23,~~338~~070,~~190~~354.3654

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 783,972.27 ~~980~~976.~~73970142~~44903945 4.~~02779552~~04493899 0.~~26286644~~33365976 0.00000000 A-1 245,750,000.00 ~~895~~885.~~10743451~~66096208 3.~~46588517~~44850511 58.~~98058726~~97689908 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,000,000.00 ~~985~~981.~~20673500~~39198500 3.~~81475500~~82125500 0.00000000 0.00000000 B-2 501,000.00 ~~985~~981.~~20672655~~39197605 3.~~81475050~~82125749 0.00000000 0.00000000 B-3 375,000.00 ~~985~~981.~~20674667~~39197333 3.~~81474667~~82125333 0.00000000 0.00000000 B-4 250,000.00 ~~985~~981.~~20672000~~39200000 3.~~81476000~~82124000 0.00000000 0.00000000 B-5 250,000.00 ~~985~~981.~~20672000~~39200000 3.~~81476000~~82124000 0.00000000 0.00000000 B-6 125,144.17 ~~985~~981.~~20674195~~39202170 3.~~81472025~~82127270 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 4.~~29066196~~37859875 ~~976~~972.~~44903945~~07044071 0.~~97644904~~97207044 4.~~29066196~~37859875 A-1 0.00000000 912.~~44647243~~42540419 ~~885~~873.~~66096208~~23555788 0.~~88566096~~87323556 912.~~44647243~~42540419 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 3.~~81475500~~82125500 ~~981~~977.~~39198500~~57073000 0.~~98139199~~97757073 3.~~81475500~~82125500 B-2 0.00000000 3.~~81475050~~82125749 ~~981~~977.~~39197605~~57073852 0.~~98139198~~97757074 3.~~81475050~~82125749 B-3 0.00000000 3.~~81474667~~82125333 ~~981~~977.~~39197333~~57072000 0.~~98139197~~97757072 3.~~81474667~~82125333 B-4 0.00000000 3.~~81476000~~82124000 ~~981~~977.~~39200000~~57072000 0.~~98139200~~97757072 3.~~81476000~~82124000 B-5 0.00000000 3.~~81476000~~82124000 ~~981~~977.~~39200000~~57072000 0.~~98139200~~97757072 3.~~81476000~~82124000 B-6 0.00000000 3.~~81472025~~82127270 ~~981~~977.~~39202170~~57074900 0.~~98139202~~97757075 3.~~81472025~~82127270 (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% ~~768~~765,~~872~~508.7397 0.00 0.00 0.00 A-1 245,750,000.00 4.75000% ~~219~~217,~~972~~651,~~652~~181.0343 ~~870~~861,~~725~~535.0893 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,~~970~~962,~~413~~783.4797 7,~~799~~769.5535 0.00 0.00 B-2 501,000.00 4.75000% ~~493~~491,~~588~~677.5738 1,~~953~~946.7922 0.00 0.00 B-3 375,000.00 4.75000% ~~369~~368,~~452~~021.5399 1,~~462~~456.4275 0.00 0.00 B-4 250,000.00 4.75000% ~~246~~245,~~301~~348.6800 ~~974~~971.9417 0.00 0.00 B-5 250,000.00 4.75000% ~~246~~245,~~301~~348.6800 ~~974~~971.9417 0.00 0.00 B-6 125,144.17 4.75000% ~~123~~122,~~292~~815.8849 ~~488~~486.0314 0.00 0.00 Totals 250,035,216.44 ~~884~~875,~~378~~136.7573 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 ~~765~~762,~~508~~076.9727 A-1 (633.1345) 0.00 ~~870~~861,~~731~~569.2138 0.00 ~~217~~214,~~651~~597,~~181~~638.4335 A-R 0.00 0.00 0.00 0.00 0.00 B-1 (0.0530) 0.00 7,~~799~~769.6165 0.00 1,~~962~~955,~~783~~141.9746 B-2 (0.0108) 0.00 1,~~953~~946.8030 0.00 ~~491~~489,~~677~~762.3894 B-3 (0.0106) 0.00 1,~~462~~456.4381 0.00 ~~368~~366,~~021~~589.9902 B-4 (0.0104) 0.00 ~~974~~971.9521 0.00 ~~245~~244,~~348~~392.0068 B-5 (0.0104) 0.00 ~~974~~971.9521 0.00 ~~245~~244,~~348~~392.0068 B-6 (0.0002) 0.00 ~~488~~486.0416 0.00 122,~~815~~337.4928 Totals (633.2299) 0.00 ~~884~~875,~~384~~170.9972 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% ~~980~~976.~~73970142~~44903945 0.00000000 0.00000000 0.00000000 A-1 245,750,000.00 4.75000% ~~895~~885.~~10743451~~66096208 3.~~54313359~~50574132 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% ~~985~~981.~~20673500~~39198500 3.~~89977500~~88467500 0.00000000 0.00000000 B-2 501,000.00 4.75000% ~~985~~981.~~20672655~~39197605 3.~~89978044~~88467066 0.00000000 0.00000000 B-3 375,000.00 4.75000% ~~985~~981.~~20674667~~39197333 3.~~89978667~~88466667 0.00000000 0.00000000 B-4 250,000.00 4.75000% ~~985~~981.~~20672000~~39200000 3.~~89976000~~88468000 0.00000000 0.00000000 B-5 250,000.00 4.75000% ~~985~~981.~~20672000~~39200000 3.~~89976000~~88468000 0.00000000 0.00000000 B-6 125,144.17 4.75000% ~~985~~981.~~20674195~~39202170 3.~~89974219~~88463961 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 ~~976~~972.~~44903945~~07044071 A-1 (0.~~00002494~~00013611) 0.00000000 3.~~54315854~~50587744 0.00000000 ~~885~~873.~~66096208~~23555788 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 (0.~~00002500~~00015000) 0.00000000 3.~~89980500~~88482500 0.00000000 ~~981~~977.~~39198500~~57073000 B-2 (0.~~00001996~~00015968) 0.00000000 3.~~89980040~~88483034 0.00000000 ~~981~~977.~~39197605~~57073852 B-3 (0.~~00002667~~00016000) 0.00000000 3.~~89981333~~88482667 0.00000000 ~~981~~977.~~39197333~~57072000 B-4 (0.~~00004000~~00016000) 0.00000000 3.~~89980000~~88484000 0.00000000 ~~981~~977.~~39200000~~57072000 B-5 (0.~~00004000~~00016000) 0.00000000 3.~~89980000~~88484000 0.00000000 ~~981~~977.~~39200000~~57072000 B-6 (0.~~00000000~~00015982) 0.00000000 3.~~89982210~~88479943 0.00000000 ~~981~~977.~~39202170~~57074900 (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 ~~137~~187,~~210~~560.4525 Deposits Payments of Interest and Principal 3,~~321~~998,~~468~~984.2687 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 3,~~321~~998,~~468~~984.2687 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 4847,~~543~~768.1176 Payment of Interest and Principal 3,~~222~~945,~~575~~525.3526 Total Withdrawals (Pool Distribution Amount) 3,~~271~~993,~~118~~294.4602 Ending Balance ~~187~~193,~~560~~251.2510

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 25265.4764 Servicing Fee Support 31299.6863 Non-Supported Prepayment/Curtailment Interest Shortfall (633.2199)

SERVICING FEES Gross Servicing Fee 46,~~706~~219.5261 Master Servicing Fee 1,~~868~~848.2678 Supported Prepayment/Curtailment Interest Shortfall 31299.6863 Net Servicing Fee 4847,~~543~~768.1176

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4439,~~357~~684.9375

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 3,501,144.17 1.40026042% 3,~~435~~422,~~994~~616.8306 1.~~54877315~~56439327% 98.~~451227~~435607% 100.000000% Class B-1 1,501,144.17 0.60037310% 1,~~473~~467,~~210~~474.8660 0.~~66404915~~67074640% 0.~~884724~~893647% 0.000000% Class B-2 1,000,144.17 0.40000132% ~~981~~977,~~533~~711.4866 0.~~44242578~~44688785% 0.~~221623~~223859% 0.000000% Class B-3 625,144.17 0.25002245% ~~613~~611,~~511~~122.4964 0.~~27654003~~27932907% 0.~~165886~~167559% 0.000000% Class B-4 375,144.17 0.15003653% ~~368~~366,~~163~~729.4996 0.~~16594953~~16762321% 0.~~110591~~111706% 0.000000% Class B-5 125,144.17 0.05005062% 122,~~815~~337.4928 0.~~05535903~~05591735% 0.~~110591~~111706% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~055359~~055917% 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.~~289247~~287747% Weighted Average Net Coupon 4.~~733734~~733763% Weighted Average Pass-Through Rate 4.750000% Weighted Average Maturity(Stepdown Calculation ) ~~173~~172 Beginning Scheduled Collateral Loan Count ~~481~~478 Number Of Loans Paid In Full 34 Ending Scheduled Collateral Loan Count ~~478~~474 Beginning Scheduled Collateral Balance ~~224~~221,~~190~~852,~~875~~685.5822 Ending Scheduled Collateral Balance ~~221~~218,~~852~~782,~~685~~330.2268 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 ~~221~~218,~~873~~330,~~943~~263.3454 Ending Scheduled Balance For Wells Fargo Serviced ~~221~~218,~~531~~462,~~746~~950.2660 Ending Scheduled Balance For Other Servicers ~~320~~319,~~938~~380.9608 Monthly P &I Constant 1,~~806~~795,~~474~~584.1979 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3,~~195~~918,~~559~~511.4471 Ending Scheduled Balance for Premium Loans ~~195~~192,~~584~~633,~~296~~592.8949 Ending scheduled Balance For discounted Loans 26,~~268~~148,~~388~~738.3319 Scheduled Principal ~~868~~864,~~254~~020.9601 Unscheduled Principal 12,~~469~~206,~~935~~334.4053 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~218~~215,~~700~~639,~~413~~512.4392 Greater Than 80%, less than or equal to 85% 1,~~845~~838,~~323~~332.2691 Greater than 85%, less than or equal to 95% 1,~~216~~211,~~281~~239.2606 Greater than 95% 0.00

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