-----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, FflqgEeogKGL6OEaJsDaQ88m9kRxUxVT3Ya12T7bGdXxF9EMLJ1g9IG1WQjtTXQh LJklmz7/rlVnC7chCIZx8w== 0000914121-05-001624.txt : 20050825 0000914121-05-001624.hdr.sgml : 20050825 20050825102941 ACCESSION NUMBER: 0000914121-05-001624 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050818 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050825 DATE AS OF CHANGE: 20050825 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: 051047530 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 we853293-8k.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 18, 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), Structural Term Sheets and Computational Materials (each 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 Greenwich Capital Markets, Inc. 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) Collateral Term Sheets, Structural Term Sheets and Computational Materials prepared by Greenwich Capital Markets, Inc. in connection with Wells Fargo Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 2005-7 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 18, 2005 By: /s/ Bradley A. Davis ------------------------------------------ Bradley A. Davis Vice President INDEX TO EXHIBITS ----------------- Paper (P) or Exhibit No. Description Electronic (E) - ----------- ----------- -------------- (99) Collateral Term Sheets, Structural Term E Sheets and Computational Materials prepared by Greenwich Capital Markets, Inc. in connection with Wells Fargo Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 2005-7 EX-99 2 we853293-ex99.txt COLLATERAL AND STRUCTURAL TERM SHEETS Exhibit No. 99 The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no express or implied representations or warranties of any kind and expressly disclaims all liability for any use or misuse of the contents hereof. Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of any material contained herein. Greenwich Capital Markets, Inc. is acting as underwriter and not acting as agent for the Issuer or its affiliates in connection with the proposed transaction. The collateral information contained herein will be superseded by the description of the mortgage loans contained in the prospectus supplement. Such information supersedes the information in all prior collateral term sheets, if any. WFMBS 05-7 400MM 30YR JUMBO'A' PASSTHRU : 5.25% GWAC : 5.815% +/- 5bps WAM : 359 +/- 2months WALTV : 70% (max +2%) BALANCE : 515 avg (+/- 5%) OCCUPANCY : 94% owner occ (min -5%) TYPE : 93% sfd (min -5%) PURPOSE : 26% cashout refi (max +5%) GEOGRAPHICS : 36% CA (max 40%) WA FICO : 748 avg (min -5) DOCUMENTATION : 53% full (min -2%) INTEREST ONLY: 19% (max 20%) Credit Support : 3.35% estimated CLOSING 08/30/05 SETTLEMENT : 08/31/05 All numbers approximate [RBS GREENWICH CAPITAL LOGO] WFMBS057E - Price/Yield - EA
Balance $10,000,000.00 Delay 24 WAC 5.814038 WAM 359 Coupon 5 Dated 8/1/2005 NET 5.249291 WALA 1 Settle 8/31/2005 First Payment 9/25/2005
Price 100 200 250 300 400 600 800 Yield Yield Yield Yield Yield Yield Yield ------------- ------------- ------------- ------------- ------------- ------------- ------------- 94-13 5.463 5.579 5.662 5.764 6.004 6.423 6.761 94-15 5.458 5.573 5.655 5.755 5.992 6.406 6.739 94-17 5.453 5.566 5.647 5.746 5.981 6.390 6.718 94-19 5.448 5.560 5.640 5.738 5.969 6.373 6.698 94-21 5.443 5.553 5.632 5.729 5.957 6.356 6.677 94-23 5.438 5.547 5.625 5.720 5.946 6.339 6.656 94-25 5.432 5.540 5.617 5.711 5.934 6.322 6.635 94-27 5.427 5.534 5.610 5.703 5.922 6.306 6.614 94-29 5.422 5.528 5.602 5.694 5.911 6.289 6.593 94-31 5.417 5.521 5.595 5.685 5.899 6.272 6.572 95-01 5.412 5.515 5.588 5.677 5.887 6.255 6.551 95-03 5.407 5.508 5.580 5.668 5.876 6.239 6.530 95-05 5.402 5.502 5.573 5.659 5.864 6.222 6.509 WAL 22.792 15.104 12.237 9.952 6.902 4.519 3.543 Mod Durn 12.99 10.14 8.77 7.52 5.63 3.91 3.14 Principal Window Feb25 - Apr32 Jun17 - Jul25 Jan15 - Mar22 May13 - May19 May11 - Jun14 Aug09 - Oct10 Nov08 - Aug09 Spread @ Center Price 95 116 128 140 173 220 254 Prepay 100 PSA 200 PSA 250 PSA 300 PSA 400 PSA 600 PSA 800 PSA
Yield Curve Mat 3MO 6MO 2YR 3YR 5YR 10YR 30YR Yld 3.478138 3.719765 4.033662 4.073819 4.139919 4.309953 4.518110
This material is for your private information, and we are not soliciting any action based upon it. Certain transactions, including those involving futures, options, and other derivative products give rise to substantial risk and are not suitable for all investors. Opinions expressed are our present opinions only. The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. We, or persons involved in the preparation or issuance of this material, may from time to time have long or short positions in, and buy or sell, securities, futures, or options identical with or related to those herein. The information herein has been provided to you solely by the underwriter and not by the issuer of the certificates. The underwriter is acting as underwriter and not acting as agent for the issuer or its affiliates in connection with the certificates. COMPUTATIONAL MATERIALS DISCLAIMER The attached tables and other statistical analyses (the "Computational Materials") are privileged and intended for use by the addressee only. These Computational Materials have been prepared by Greenwich Capital Markets, Inc. in reliance upon information furnished by the issuer of the securities and its affiliates. These Computational Materials are furnished to you solely by Greenwich Capital Markets, Inc. and not by the issuer of the securities. They may not be provided to any third party other than the addressee's legal, tax, financial and/or accounting advisors for the purposes of evaluating said material. Numerous assumptions were used in preparing the Computational Materials which may or may not be reflected therein. As such, no assurance can be given as to the Computational Materials' accuracy, appropriateness or completeness in any particular context; nor as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. These Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment assumptions, and changes in such prepayment assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments on the underlying assets will occur at rates slower or faster than the rates shown in the attached Computational Materials. Furthermore, unless otherwise provided, the Computational Materials assume no losses on the underlying assets and no interest shortfall. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the actual underlying assets and the hypothetical underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. Neither Greenwich Capital Markets, Inc. nor any of its affiliates makes any representation or warranty as to the actual rate or timing of payments on any of the underlying assets or the payments or yield on the securities. Although a registration statement (including the Prospectus) relating to the securities discussed in this communication has been filed with the Securities and Exchange Commission and is effective, the final prospectus supplement relating to the securities discussed in this communication has not been filed with Securities and Exchange Commission. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities discussed in this communication in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the securities laws of any such state. Prospective purchasers are referred to the final prospectus supplement relating to the securities discussed in this communication for definitive Computational Materials and any matter discussed in this communication. Once available, a final prospectus and prospectus supplement may be obtained by contacting the Greenwich Capital Markets, Inc. Trading Desk at (203) 625-6160. Please be advised that the securities described herein may not be appropriate for all investors. Potential investors must be willing to assume, among other things, market price volatility, prepayment, yield curve and interest rate risks. Investors should make every effort to consider the risks of these securities. If you have received this communication in error, please notify the sending party immediately by telephone and return the original to such party by mail. -----END PRIVACY-ENHANCED MESSAGE-----