0000072971-18-000482.txt : 20181113
0000072971-18-000482.hdr.sgml : 20181113
20181113122756
ACCESSION NUMBER: 0000072971-18-000482
CONFORMED SUBMISSION TYPE: ABS-15G
PUBLIC DOCUMENT COUNT: 3
CONFORMED PERIOD OF REPORT: 20180930
ITEM INFORMATION: Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure
FILED AS OF DATE: 20181113
DATE AS OF CHANGE: 20181113
ABS RULE: RULE-15GA1
PERIOD START: 20180701
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ABS ASSET CLASS: Residential mortgages - Other/Combined
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: WELLS FARGO ASSET SECURITIES CORP
CENTRAL INDEX KEY: 0001011663
STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189]
IRS NUMBER: 521972128
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: ABS-15G
SEC ACT: Dodd Frank Act
SEC FILE NUMBER: 025-00453
FILM NUMBER: 181176669
BUSINESS ADDRESS:
STREET 1: 8480 STAGECOACH CIRCLE
CITY: FREDERICK
STATE: MD
ZIP: 21701
BUSINESS PHONE: 3018468881
MAIL ADDRESS:
STREET 1: 8480 STAGECOACH CIRCLE
CITY: FREDERICK
STATE: MD
ZIP: 21701
FORMER COMPANY:
FORMER CONFORMED NAME: NORWEST ASSET SECURITIES CORP
DATE OF NAME CHANGE: 19960717
ABS-15G
1
15g_c_WFASC_CIK1011663_1118.htm
FORM ABS-15G
WFASC
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM ABS-15G
ASSET-BACKED SECURITIZER
REPORT PURSUANT TO SECTION 15G OF
THE SECURITIES EXCHANGE ACT OF 1934
Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:
X Rule 15-Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period
July 1, 2018 to September 30, 2018
Date of Report (Date of earliest event reported) November 13, 2018
Wells Fargo Asset Securities Corp.
Commission File Number of securitizer: 025-00453
Central Index Key Number of securitizer: 1011663
Lori Ward - 515/557-7137
Name and telephone number, including area code,
of the person to contact in connection with this filing.
Indicate by check mark whether the securitizer has no activity to report for the initial period Pursuant to Rule 15Ga-1(c)(1) [ ]
Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [ ]
Indicate by check mark whether the securitizer has no activity to report for the annual period Pursuant to Rule 15Ga-1(c)(2)(ii) [ ]
INFORMATION TO BE INCLUDED IN THE REPORT
REPRESENTATION AND WARRANTY INFORMATION
Item 1.02 Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure
Provide the disclosures required by Rule 15Ga-1 (17 CFR 240.15Ga-1) according to the filing requirements of Rule 15Ga-1(c)(2).
Item 2 Exhibits
EX-1 Table of all assets securitized by the Securitizer that were the subject of a demand to repurchase or replace for breach of the representations and warranties concerning the pool assets for all asset-backed securities held by non-affiliates of the Securitizer during the reporting period.
EX-2 Explanatory Notes
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Wells Fargo Asset Securities Corp. (Securitizer)
Date November 13, 2018
/s/ Peter R. Diliberti (Signature)
President
EX-2
2
15g_n_WFASC_CIK1011663_1118.htm
EXPLANATORY NOTES
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WFASC
EX-2
Wells Fargo Asset Securities Corp.
ABS-15G Explanatory Notes
In connection with the preparation of this filing, we have gathered the information required by this Form ABS-15G and Rule 15Ga-1 by, among other things, (i) identifying asset-backed securities transactions that fall within the scope of Rule 15Ga-1 for which we are a securitizer and that are not covered by a filing to be made by an affiliated securitizer ("Covered Transactions"), (ii) gathering information in our records regarding demands for repurchase or replacement of pool assets in Covered Transactions for breaches of representations or warranties concerning those pool assets ("Repurchases") that is required to be reported on Form ABS-15G ("Reportable Information"), (iii) identifying the parties in Covered Transactions that have a contractual obligation to enforce any Repurchase obligations of the party or parties making those representations or warranties based on our records ("Demand Entities"), and (iv) requesting all Reportable Information from trustees and other Demand Entities that is within their respective possession and which has not been previously provided to us.
Correspondence received during the reporting period from any insurers which could subsequently result in a repurchase obligation are not captured herein unless such correspondence is accompanied by a demand.
This report includes activity initiated by Wells Fargo Bank, N.A.
The repurchase activity reported herein is described in terms of a particular loan's status as of the end of the reporting period.
Loans which have been subject to one or more previous repurchase demands and for which a new demand has been issued in this reporting period will not have a corresponding entry in columns g-i, however the status of such new demand will be shown.
(For columns j-x)
In the event a demand was received in prior reporting periods, such activity is being reported as assets pending repurchase or replacement within the cure period (columns m/n/o) or as demand in dispute (columns p/q/r), as applicable, until the earlier of the reporting of (i) the repurchase or replacement of such asset (columns j/k/l), (ii) the withdrawal of such demand (columns s/t/u), or (iii) the rejection of such demand (columns v/w/x), as applicable.
Where an underlying asset has paid off or otherwise been liquidated by or on behalf of the issuing entity (other than via a repurchase by the obligated party) during or prior to this reporting period, the corresponding principal balance utilized in calculating columns (g) through (x) shall be zero.
"Originator" generally refers to the party identified in securities offering materials at the time of issuance for purposes of meeting applicable SEC disclosure requirements.
(For columns c-f)
Includes only new demands received during the reporting period.
(For columns g-i)
Includes assets for which a reimbursement payment is in process and where the asset has been otherwise liquidated by or on behalf of the issuing entity at the time of initiation of such reimbursement process.
(For columns j-l)
Includes assets which are subject to a demand and within the cure period, but where no decision has yet been made to accept or contest the demand.
(For columns m-o)
Includes assets pending repurchase or replacement outside of the cure period.
(For columns p-r)
Includes assets for which a reimbursement payment is in process, and where the asset has not been repurchased or replaced. Also includes assets for which the requesting party rescinds or retracts the demand in writing.
(For columns s-u)