-----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, KsZWnMP6QIXzNyCMjek6PaTsCczUCh0I8OBKuqHMQOu5Y76rTqLDbsvRyWW4hzVF 4w3A+SM6AsRvIt9xdUAaYw== 0000914121-06-002285.txt : 20060629 0000914121-06-002285.hdr.sgml : 20060629 20060629161108 ACCESSION NUMBER: 0000914121-06-002285 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060629 DATE AS OF CHANGE: 20060629 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Mortgage Backed Securities 2006-8 Trust CENTRAL INDEX KEY: 0001363936 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-129159-14 FILM NUMBER: 06933928 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 FILED BY: 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: FWP 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 FWP 1 we908336-fwp.txt FREE WRITING PROSPECTUS The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or the underwriter will arrange to send you the prospectus if you request it by calling toll-free 1-888-222-7092. THE SERIES 2006-8 CERTIFICATES
Initial Pass- Principal Through Class Balance(1) Rate Principal Types - --------------------------------------------------------------------------------------------------------------- Offered Certificates Class A-1 $295,142,777 5.500% Super Senior, Sequential Pay Class A-2 $233,116,000 (2) Senior, Sequential Pay Class A-3 $161,640,000 5.500% Senior, Sequential Pay Class A-4 $3,418,000 6.000% Super Senior, Sequential Pay Class A-5 $3,520,000 6.000% Super Senior, Sequential Pay Class A-6 $3,062,000 6.000% Super Senior, Sequential Pay Class A-7 $50,000,000 (2) Senior, Sequential Pay Class A-8 (3) (2) Senior, Notional Amount Class A-9 $30,000,000 6.000% Super Senior, Sequential Pay Class A-10 $59,660,000 6.000% Super Senior, Sequential Pay Class A-11 $75,000,000 6.000% Super Senior, Sequential Pay Class A-12 $750,000 6.000% Super Senior Support, Sequential Pay Class A-13 $99,426,000 6.000% Senior, Sequential Pay Class A-14 $9,451,223 5.500% Super Senior Support, Sequential Pay Class A-15 $276,462,000 6.000% Senior, Lockout Class A-16 (3) (2) Senior, Notional Amount Class A-17 $3,538,000 6.000% Super Senior Support, Lockout Class A-18 $40,000,000 6.000% Super Senior, Sequential Pay Class A-19 $900,000 6.000% Super Senior/Super Senior Support(4), Sequential Pay Class A-PO $13,186,482 0.000% Senior, Ratio Strip Class A-R $100 6.000% Senior, Sequential Pay Class B-1 $23,105,000 6.000% Subordinated Class B-2 $7,701,000 6.000% Subordinated Class B-3 $4,201,000 6.000% Subordinated Non-Offered Certificates Class B-4 $2,801,000 6.000% Subordinated Class B-5 $2,100,000 6.000% Subordinated Class B-6 $2,100,974 6.000% Subordinated Class Interest Types CUSIP - ------------------------------------------------------------------------------ Offered Certificates Class A-1 Fixed Rate 94983S AC 6 Class A-2 Floating Rate 94983S AD 4 Class A-3 Fixed Rate 94983S AE 2 Class A-4 Fixed Rate 94983S AF 9 Class A-5 Fixed Rate 94983S AG 7 Class A-6 Fixed Rate 94983S AH 5 Class A-7 Floating Rate 94983S AJ 1 Class A-8 Inverse Floating Rate, Interest Only 94983S AK 8 Class A-9 Fixed Rate 94983S AL 6 Class A-10 Fixed Rate 94983S AM 4 Class A-11 Fixed Rate 94983S AN 2 Class A-12 Fixed Rate 94983S AP 7 Class A-13 Fixed Rate 94983S AQ 5 Class A-14 Fixed Rate 94983S AR 3 Class A-15 Fixed Rate 94983S AS 1 Class A-16 Inverse Floating Rate, Interest Only 94983S AT 9 Class A-17 Fixed Rate 94983S AU 6 Class A-18 Fixed Rate 94983S AV 4 Class A-19 Fixed Rate 94983S AW 2 Class A-PO Principal Only 94983S AB 8 Class A-R Fixed Rate 94983S AA 0 Class B-1 Fixed Rate 94983S BA 9 Class B-2 Fixed Rate 94983S BB 7 Class B-3 Fixed Rate 94983S BC 5 Non-Offered Certificates Class B-4 Fixed Rate 94983S AX 0 Class B-5 Fixed Rate 94983S AY 8 Class B-6 Fixed Rate 94983S AZ 5
- ---------- (1) Approximate. The initial principal balances are subject to adjustment. (2) The following table describes the methodology for determining the pass-through rate for each class of floating rate and inverse floating rate certificates.
Initial Pass- Pass-Through Minimum Maximum Pass- Class Through Rate (Approximate) Rate Formula Pass-Through Rate Through Rate - -------------------------------------------------------------------------------------------- Class A-2 5.70% LIBOR + 0.400% 0.400% 7.000% Class A-7* 5.90% LIBOR + 0.600% 0.600% 6.000% Class A-8 0.10% 5.400% - LIBOR 0.000% 5.400% Class A-16 1.30% 6.600% - LIBOR 0.000% 6.600%
*In addition, under certain circumstances, the Class A-7 Certificates are entitled to amounts received under a yield maintenance agreement. 2 (3) The Class A-8 and Class A-16 Certificates are interest only certificates, have no principal balance and will bear interest on their notional amounts, initially approximately $50,000,000 and $233,116,000, respectively. (4) While the Class A-17 Certificates are outstanding, the Class A-19 Certificates will have the characteristics of super senior certificates. After the principal balance of the Class A-17 Certificates has been reduced to zero, the Class A-19 Certificates will have the characteristics of super senior support certificates. 3 Allocation of Amount to be Distributed on the Class A Non-PO Certificates On each Distribution Date occurring prior to the Subordination Depletion Date, the Class A Non-PO Principal Distribution Amount will be allocated among and distributed in reduction of the Principal Balances of the Class A Non-PO Certificates, sequentially, as follows: first, to the Class A-R Certificates; second, concurrently, to the Class A-15 and Class A-17 Certificates, pro rata, up to the Priority Amount for such Distribution Date; third, concurrently, as follows: (a) approximately 4.6944565979% to the Class A-7 Certificates; and (b) approximately 95.3055434021%, sequentially, as follows: (i) concurrently, as follows: (A) approximately 20.0309653458%, concurrently, to the Class A-11, Class A-12 and Class A-13 Certificates, pro rata; and (B) approximately 79.9690346542%, concurrently, as follows: (1) approximately 66.6667619933%, concurrently, as follows: (aa) approximately 2.0271415212% to the Class A-14 Certificates; and (bb) approximately 97.9728584788%, sequentially, as follows: (AA) to the Class A-1 Certificates, up to $1,000 for such Distribution Date; (BB) to the Class A-3 Certificates, up to $1,433,000 for such Distribution Date; and (CC) sequentially, to the Class A-1 and Class A-3 Certificates; and (2) approximately 33.3332380067%, to the Class A-2 Certificates; and (ii) concurrently, as follows: (A) approximately 21.3431986340% to the Class A-9 Certificates; (B) approximately 7.1143995447%, sequentially, to the Class A-4, Class A-5 and Class A-6 Certificates; 4 (C) approximately 42.4445076836% to the Class A-10 Certificates; and (D) approximately 29.0978941377%, concurrently, to the Class A-18 and Class A-19 Certificates, pro rata; and fourth, concurrently, to the Class A-15 and Class A-17 Certificates, pro rata. The "Priority Amount" for any Distribution Date means the lesser of (i) the sum of the Principal Balances of the Class A-15 and Class A-17 Certificates and (ii) the product of (1) the Priority Percentage, (2) the Shift Percentage and (3) the sum of the Scheduled Principal Amount and the Unscheduled Principal Amount. The "Priority Percentage" means the sum of the Principal Balances of the Class A-15 and Class A-17 Certificates divided by the Aggregate Non-PO Principal Balance. The "Scheduled Principal Amount" means the sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts for such Mortgage Loan described in clauses B(i) and B(iv) of the definition of "Class A Non-PO Optimal Principal Amount" beginning on page S-33, but without such amounts being multiplied by the Class A Percentage. The "Unscheduled Principal Amount" means the sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan with respect to which the related Mortgage Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts for such Mortgage Loan described in clauses B(ii) and B(iii) of the definition of "Class A Non-PO Optimal Principal Amount," but without such amounts being multiplied by the Class A Prepayment Percentage. The "Shift Percentage" for any Distribution Date will be the percentage indicated below: Shift Distribution Date Occurring In Percentage - ------------------------------ ---------- July 2006 through June 2011 0% July 2011 through June 2012 30% July 2012 through June 2013 40% July 2013 through June 2014 60% July 2014 through June 2015 80% July 2015 and thereafter 100% 5 -----END PRIVACY-ENHANCED MESSAGE-----