-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RSKdaKZgpMxIrQFClESfTIyCldFFtEAB95OxhBh8NFvXgS/PkR69tjMFy3xzaDts aEb8JPbD6Gbli9PpyMC6dw== 0000914121-05-001605.txt : 20050822 0000914121-05-001605.hdr.sgml : 20050822 20050822165834 ACCESSION NUMBER: 0000914121-05-001605 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050819 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050822 DATE AS OF CHANGE: 20050822 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-02209 FILM NUMBER: 051041620 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 BUSINESS PHONE: 3018468881 MAIL ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERIDK STATE: MD ZIP: 21703 FORMER COMPANY: FORMER CONFORMED NAME: NORWEST ASSET SECURITIES CORP DATE OF NAME CHANGE: 19960717 8-K 1 we852689-8k.txt CURRENT REPORT 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: August 19, 2005 (Date of earliest event reported) Wells Fargo Asset Securities Corporation - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-122307 52-1972128 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 7430 New Technology Way, Frederick, Maryland 21703 - -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) Registrant's Telephone Number, including area code (301) 846-8881 ---------------------------- - -------------------------------------------------------------------------------- (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: [ ] 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 ------------ Attached as an exhibit are the Collateral Term Sheets (as defined in the no-action letter dated February 17, 1995 issued by the Securities and Exchange Commission to the Public Securities Association) and Structural Term Sheets (as defined in the no-action letter dated May 21, 1994 issued by the Securities and Exchange Commission to Kidder, Peabody Acceptance Corporation I, Kidder, Peabody & Co. Incorporated and Kidder Structured Asset Corporation) prepared by Credit Suisse First Boston LLC which are hereby filed pursuant to such letter. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description - ----------- ----------- (99) Structural Term Sheets and Collateral Term Sheets prepared by Credit Suisse First Boston LLC in connection with Wells Fargo Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 2005-AR15 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 August 19, 2005 By: /s/ Bradley A. Davis ---------------------------------- Bradley A. Davis Vice President INDEX TO EXHIBITS ----------------- Paper (P) or Exhibit No. Description Electronic (E) - ----------- ----------- -------------- (99) Structural Term Sheets E and Collateral Term Sheets prepared by Credit Suisse First Boston LLC in connection with Wells Fargo Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 2005-AR15 EX-99 2 we852689-ex99.txt STRUCTURAL TERM SHEETS Exhibit 99 CREDIT | FIRST July 15, 2005 SUISSE | BOSTON Wells Fargo Mortgage Backed Securities 05-AR15 Trust Issuer WFMBS 05-AR15 $[500,000,000] (Approximate) - -------------------------------------------------------------------------------- Deal Information: Deal Settlement: Aug [23], 2005 Investor Settlement: Aug [31], 2005 Approximate Collateral Charateristics: Group: [1] Size: $500.00MM (+/- 10%) Originator: [Wells Fargo] Gross WAC: 5.402 (+/- 7 bps) Net WAC: 5.142 (+/- 7 bps) Index: 100% 1yr CMT W.A. Gross Margin: 2.75 (+/- 5 bps) W.A. Net Margin: 2.49 (+/- 5 bps) W.A. Months to Roll: 82 (+/- 2) Caps: 5/2/5 on an annualized basis WAM: 358 (+/- 2) Interest Only Loans: 84.0% Average Balance: $436K (+/- $50,000) CA: 42.0% (+/- 5.00%) W.A. Original LTV: 72.0% (+/- 5.00%) W.A. Credit Score: 741.0 (+/- 5) Full/Alt. Doc.: 53.0% (+/- 5.00%) Owner Occupancy: 95.0% (+/- 5.00%) Cash-out Refi.: 21.0% (+/- 5.00%) SFD: 85.0% (+/- 5.00%) Seniors: Size: $480.25 MM (+/- 10%) Coupon: 5.142 Expected Rating: AAA / Aaa - S&P / Moody's / Fitch OR -- Dominion (2 of 4) Estimated Credit Support: 3.95% (+/- 100 bps) Structure: Cross-collateralized Senior/Subordinate Shifting Interest Call: 10% - -------------------------------------------------------------------------------- The analyses, calculations, and valuations herein are based on certain assumptions and data provided by third parties which may vary from the actual characteristics of the pool. Credit Suisse First Boston LLC makes no representation that such analyses or calculations are accurate or that such valuations represent levels where actual trades may occur. Investors should rely on the information contained in or filed in connection with the prospectus / prospectus supplement. This information is being provided in response to your specific request for information. The information has been prepared and furnished to you solely by CREDIT SUISSE FIRST BOSTON LLC ("CSFB") and not the Issuer of the Securities or any of its affiliates. The preliminary description of the underlying assets has not been independently verified by CSFB. CSFB is not acting as agent for the Issuer or its affiliates in connection with the proposed transaction. All information contained herein is preliminary, limited in nature and subject to completion or amendment. CSFB makes no representation that the above referenced security will actually perform as described in any scenario. The above analysis alone is not intended to be a prospectus and any investment decision with respect to the security should be made by you based solely upon the information contained in the final prospectus. Under no circumstances shall the information presented constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful to registration under the securities laws of such jurisdiction. The securities may not be sold nor an offer to buy be accepted prior to the delivery of a final prospectus relating to the securities. CREDIT | FIRST July 15, 2005 SUISSE | BOSTON Wells Fargo Mortgage Backed Securities 05-AR15 Trust Issuer WFMBS 05-AR15 - GROUP 2 $[200,000,000] (Approximate) - -------------------------------------------------------------------------------- Deal Information: Deal Settlement: Aug [23], 2005 Investor Settlement: Aug [31], 2005 Approximate Collateral Charateristics: Group: [2] Size: $200.00MM (+/- 10%) Originator: [Wells Fargo] Gross WAC: 5.403 (+/- 7 bps) Net WAC: 5.143 (+/- 7 bps) Index: 100% 1yr CMT W.A. Gross Margin: 2.75 (+/- 5 bps) W.A. Net Margin: 2.49 (+/- 5 bps) W.A. Months to Roll: 82 (+/- 2) Caps: 5/2/5 on an annualized basis WAM: 358 (+/- 2) Interest Only Loans: 79.0% Average Balance: $557K (+/- $50,000) CA: 39.0% (+/- 5.00%) W.A. Original LTV: 72.0% (+/- 5.00%) W.A. Credit Score: 748.0 (+/- 5) Full/Alt. Doc.: 54.0% (+/- 5.00%) Owner Occupancy: 95.0% (+/- 5.00%) Cash-out Refi.: 20.0% (+/- 5.00%) SFD: 88.0% (+/- 5.00%) Seniors: Size: $192.1 MM (+/- 10%) Coupon: 5.143 Expected Rating: AAA / Aaa - S&P / Moody's / Fitch OR -- Dominion (2 of 4) Estimated Credit Support: 3.95% (+/- 100 bps) Structure: Cross-collateralized Senior/Subordinate Shifting Interest Call: 10% - -------------------------------------------------------------------------------- The analyses, calculations, and valuations herein are based on certain assumptions and data provided by third parties which may vary from the actual characteristics of the pool. Credit Suisse First Boston LLC makes no representation that such analyses or calculations are accurate or that such valuations represent levels where actual trades may occur. Investors should rely on the information contained in or filed in connection with the prospectus / prospectus supplement. This information is being provided in response to your specific request for information. The information has been prepared and furnished to you solely by CREDIT SUISSE FIRST BOSTON LLC ("CSFB") and not the Issuer of the Securities or any of its affiliates. The preliminary description of the underlying assets has not been independently verified by CSFB. CSFB is not acting as agent for the Issuer or its affiliates in connection with the proposed transaction. All information contained herein is preliminary, limited in nature and subject to completion or amendment. CSFB makes no representation that the above referenced security will actually perform as described in any scenario. The above analysis alone is not intended to be a prospectus and any investment decision with respect to the security should be made by you based solely upon the information contained in the final prospectus. Under no circumstances shall the information presented constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful to registration under the securities laws of such jurisdiction. The securities may not be sold nor an offer to buy be accepted prior to the delivery of a final prospectus relating to the securities. -----END PRIVACY-ENHANCED MESSAGE-----