-----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, DC4AsL6vsx9cILk8nfoK9I0bXpKrrvVr4vX37Qb0s30G7hw+i4HwrdOGsSegMK0s m/oYAVY8UXoW6ALgzjbuNg== 0000914121-06-002707.txt : 20060828 0000914121-06-002707.hdr.sgml : 20060828 20060828160645 ACCESSION NUMBER: 0000914121-06-002707 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060828 DATE AS OF CHANGE: 20060828 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Mortgage Backed Securities 2006-11 Trust CENTRAL INDEX KEY: 0001369467 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: 333-129159-20 FILM NUMBER: 061058799 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 we5318390-fwp.txt FREE WRITING PROSPECTUS Filed Pursuant to Rule 433 File No.: 333-129159-20 The depositor has filed a registration statement (including a prospectus) with the 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 depositor has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the depositor or any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-422-2006.
THE SERIES 2006-11 CERTIFICATES INITIAL PASS- PRINCIPAL THROUGH CLASS BALANCE(1) RATE PRINCIPAL TYPES INTEREST TYPES CUSIP - ------------------------------------------------------------------------------------------------------------------ OFFERED CERTIFICATES Class A-1 $35,000,000 6.000% Super Senior, Sequential Pay Accrual, Fixed Rate Class A-2 $19,445,000 6.000% Senior, Accretion Directed Fixed Rate Class A-3 $5,000,000 6.000% Super Senior, Accretion Directed Fixed Rate Class A-4 $10,000,000 5.000% Senior, Sequential Pay Fixed Rate Class A-5 $13,637,000 6.000% Senior, Accretion Directed Fixed Rate Class A-6 $241,052,000 6.000% Senior, Sequential Pay Fixed Rate Class A-7 $3,445,000 6.000% Senior, Sequential Pay Fixed Rate Class A-8 $216,670,000 6.000% Senior, Pass-Through Fixed Rate Class A-9 $20,000,000 6.500% Senior, Sequential Pay Fixed Rate Class A-10 $100,000,000 6.000% Super Senior, Sequential Pay Fixed Rate Class A-11 $25,000,000 6.000% Super Senior, Sequential Pay Fixed Rate Class A-12 $4,658,000 6.000% Senior, Sequential Pay Fixed Rate Class A-13 $38,390,000 6.000% Senior, Planned Amortization Fixed Rate Class A-14 $25,000,000 6.000% Senior, Accretion Directed, Fixed Rate Scheduled Amortization Class A-15 $1,667,000 6.000% Senior, Companion Accrual, Fixed Rate Class A-16 $55,587,000 6.000% Super Senior, Lockout Fixed Rate Class A-17 $6,783,000 6.000% Super Senior Support, Lockout Fixed Rate Class A-18 $30,567,000 6.000% Senior, Lockout Fixed Rate Class A-19 $100,000,000 6.000% Senior, Sequential Pay Fixed Rate Class A-20 $17,673,000 6.000% Senior, Sequential Pay Fixed Rate Class A-PO $54,821 0.000% Senior, Ratio Strip Principal Only Class A-R $100 6.000% Senior, Sequential Pay Fixed Rate Class B-1 $17,002,000 6.000% Subordinated Fixed Rate Class B-2 $5,501,000 6.000% Subordinated Fixed Rate Class B-3 $3,000,000 6.000% Subordinated Fixed Rate NON-OFFERED CERTIFICATES Class B-4 $2,001,000 6.000% Subordinated Fixed Rate Class B-5 $1,500,000 6.000% Subordinated Fixed Rate Class B-6 $1,500,646 6.000% Subordinated Fixed Rate
- ------------- (1) Approximate. The initial principal balances are subject to adjustment. Allocation of Amount to be Distributed on the Class A Non-PO Certificates I. On each Distribution Date occurring prior to the Accretion Termination Date for the Class A-1 Certificates, the applicable Accrual Distribution Amount will be distributed, sequentially, as follows: first, to the Class A-2 Certificates; second, concurrently, to the Class A-3 and Class A-5 Certificates, pro rata; and third, to the Class A-1 Certificates. II. On each Distribution Date occurring prior to the Accretion Termination Date for the Class A-15 Certificates, the applicable Accrual Distribution Amount will be distributed, sequentially, as follows: first, to the Class A-14 Certificates, up to the Reduction Amount for such Distribution Date; and second, to the Class A-15 Certificates. III. 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, as follows: (a) approximately 22.3469276197% to the Class A-8 Certificates; (b) approximately 62.3638835200%, sequentially, as follows: (i) concurrently, to the Class A-16 and Class A-17 Certificates, pro rata, up to the Priority I Amount for such Distribution Date; (ii) concurrently, as follows: (A) approximately 55.3167174201% to the Class A-6 Certificates; (B) approximately 22.9480433351% to the Class A-10 Certificates; (C) approximately 6.8059306923%, sequentially, to the Class A-11 and Class A-12 Certificates; and (D) approximately 14.9293085525%, sequentially, as follows: (1) to the Class A-13 Certificates, up to the PAC Principal Amount for such Distribution Date; (2) to the Class A-14 Certificates, up to the Reduction Amount for such Distribution Date; and (3) sequentially, to the Class A-15, Class A-14 and Class A-13 Certificates; (iii) concurrently, as follows: (A) approximately 68.6042036291%, sequentially, as follows: (1) to the Class A-2 Certificates; (2) concurrently, to the Class A-3 and Class A-5 Certificates, pro rata; and (3) to the Class A-1 Certificates; and (B) approximately 31.3957963709%, sequentially, as follows: (1) concurrently, to the Class A-4 and Class A-9 Certificates, pro rata; and (2) to the Class A-7 Certificates; and (iv) concurrently, to the Class A-16 and Class A-17 Certificates, pro rata; and (c) approximately 15.2891888603%, sequentially, as follows: (i) to the Class A-18 Certificates, up to the Priority II Amount for such Distribution Date; and (ii) sequentially, to the Class A-19, Class A-20 and Class A-18 Certificates. The "PAC PRINCIPAL AMOUNT" for any Distribution Date means the amount, if any, that would reduce the Principal Balance of the Class A-13 Certificates (the "PAC CERTIFICATES") to the percentage of the initial Principal Balance shown in the related table appearing in Appendix I with respect to such Distribution Date. The "REDUCTION AMOUNT" for any Distribution Date means the amount, if any, that would reduce the Principal Balance of the Class A-14 Certificates (the "SCHEDULED CERTIFICATES") to the percentage of the initial Principal Balance shown in the related table appearing in Appendix I with respect to such Distribution Date. The "PRIORITY I AMOUNT" for any Distribution Date means the sum of (a) the product of (i) the Priority I Percentage, (ii) the Shift Percentage and (iii) the Scheduled Principal Amount and (b) the product of (i) the Priority I Percentage, (ii) the Prepayment Shift Percentage and (iii) the Unscheduled Principal Amount. The "PRIORITY I PERCENTAGE" means the sum of the Principal Balances of the Class A-16 and Class A-17 Certificates divided by the Aggregate Non-PO Principal Balance. The "PRIORITY II AMOUNT" for any Distribution Date means the sum of (a) the product of (i) the Priority II Percentage, (ii) the Shift Percentage and (iii) the Scheduled Principal Amount and (b) the product of (i) the Priority II Percentage, (ii) the Prepayment Shift Percentage and (iii) the Unscheduled Principal Amount. The "PRIORITY II PERCENTAGE" means the Principal Balance of the Class A-18 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", 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:
DISTRIBUTION DATE OCCURRING IN SHIFT PERCENTAGE ------------------------------ ---------------- September 2006 through August 2011 0% September 2011 and thereafter 100% The "PREPAYMENT SHIFT PERCENTAGE" for any Distribution Date will be the percentage indicated below: PREPAYMENT SHIFT DISTRIBUTION DATE OCCURRING IN PERCENTAGE ------------------------------ ---------------- September 2006 through August 2011 0% September 2011 through August 2012 30% September 2012 through August 2013 40% September 2013 through August 2014 60% September 2014 through August 2015 80% September 2015 and thereafter 100%
Appendix I Planned Principal Balances as Percentages of Initial Principal Balance PAC Certificates Percentage of Initial Aggregate Distribution Date Principal Balance ----------------- ----------------- September 2006 99.69408322 October 2006 99.33632060 November 2006 98.92723233 December 2006 98.46694876 January 2007 97.95563313 February 2007 97.39348153 March 2007 96.78072284 April 2007 96.11761862 May 2007 95.40446296 June 2007 94.64158229 July 2007 93.82933530 August 2007 92.96811250 September 2007 92.05833613 October 2007 91.10045976 November 2007 90.09496793 December 2007 89.04237580 January 2008 87.94322878 February 2008 86.79810201 March 2008 85.60759987 April 2008 84.37235564 May 2008 83.09303071 June 2008 81.77031417 July 2008 80.40492217 August 2008 78.99759729 September 2008 77.54910784 October 2008 76.06024725 November 2008 74.53183324 December 2008 72.96470716 January 2009 71.39723392 February 2009 69.84016395 March 2009 68.29343014 April 2009 66.75696577 May 2009 65.23070453 June 2009 63.71458062 July 2009 62.20852858 August 2009 60.71248343 September 2009 59.22638059 October 2009 57.75015595 November 2009 56.28374574 December 2009 54.82708664 January 2010 53.38011579 February 2010 51.94277064 March 2010 50.51498914 April 2010 49.09670959 May 2010 47.68787075 June 2010 46.28841167 July 2010 44.89827195 August 2010 43.51739140 September 2010 42.14571042 October 2010 40.78316965 November 2010 39.42971018 December 2010 38.08527346 January 2011 36.74980135 February 2011 35.42323608 March 2011 34.10552021 April 2011 32.79659677 May 2011 31.49640906 June 2011 30.20490083 July 2011 28.92201615 August 2011 27.64769945 September 2011 26.46752350 October 2011 25.29569927 November 2011 24.13217265 December 2011 22.97688982 January 2012 21.82979732 February 2012 20.69084207 March 2012 19.55997129 April 2012 18.43713261 May 2012 17.32227393 June 2012 16.21534358 July 2012 15.11629013 August 2012 14.02506254 September 2012 12.96112878 October 2012 11.90478778 November 2012 10.85598971 December 2012 9.81468507 January 2013 8.78082475 February 2013 7.75435989 March 2013 6.73524194 April 2013 5.72342277 May 2013 4.71885447 June 2013 3.72148948 July 2013 2.73128054 August 2013 1.74818070 September 2013 0.81518578 October 2013 0.00000000 Appendix I Scheduled Principal Balances as Percentages of Initial Principal Balance Scheduled Certificates Percentage of Initial Aggregate Distribution Date Principal Balance ----------------- ----------------- September 2006 99.91386472 October 2006 99.80943420 November 2006 99.68612992 December 2006 99.54401184 January 2007 99.38316680 February 2007 99.20370840 March 2007 99.00577688 April 2007 98.78953932 May 2007 98.55518924 June 2007 98.30294664 July 2007 98.03305752 August 2007 97.74579388 September 2007 97.44145316 October 2007 97.12035800 November 2007 96.78285580 December 2007 96.42931836 January 2008 96.06014108 February 2008 95.67574268 March 2008 95.27656452 April 2008 94.86306984 May 2008 94.43574328 June 2008 93.99509000 July 2008 93.54163504 August 2008 93.07592224 September 2008 92.59851380 October 2008 92.10998904 November 2008 91.61094372 December 2008 91.10198896 January 2009 90.59713164 February 2009 90.10022076 March 2009 89.61116188 April 2009 89.12986160 May 2009 88.65622740 June 2009 88.19016760 July 2009 87.73159156 August 2009 87.28040940 September 2009 86.83653224 October 2009 86.39987192 November 2009 85.97034128 December 2009 85.54785400 January 2010 85.13232452 February 2010 84.72366824 March 2010 84.32180128 April 2010 83.92664072 May 2010 83.53810428 June 2010 83.15611068 July 2010 82.78057924 August 2010 82.41143036 September 2010 82.04858492 October 2010 81.69196472 November 2010 81.34149240 December 2010 80.99709128 January 2011 80.65868536 February 2011 80.32619956 March 2011 79.99955952 April 2011 79.67869144 May 2011 79.36352244 June 2011 79.05398032 July 2011 78.74999352 August 2011 78.45149124 September 2011 78.18179588 October 2011 77.91729496 November 2011 77.65791996 December 2011 77.40360312 January 2012 77.15427740 February 2012 76.90987632 March 2012 76.67033412 April 2012 76.43558572 May 2012 76.20556664 June 2012 75.98021296 July 2012 75.75946164 August 2012 75.54325008 September 2012 75.33882172 October 2012 75.13871808 November 2012 74.94287904 December 2012 74.75124508 January 2013 74.56375724 February 2013 74.38035712 March 2013 74.20098708 April 2013 74.02558984 May 2013 73.85410884 June 2013 73.68648804 July 2013 73.52267200 August 2013 73.36260580 September 2013 73.21085564 October 2013 72.89186996 November 2013 71.33463744 December 2013 69.79083856 January 2014 68.26035556 February 2014 66.74307164 March 2014 65.23887088 April 2014 63.74763832 May 2014 62.26926004 June 2014 60.80362292 July 2014 59.35061480 August 2014 57.91012452 September 2014 56.54774264 October 2014 55.19674208 November 2014 53.85702216 December 2014 52.52848312 January 2015 51.21102592 February 2015 49.90455236 March 2015 48.60896508 April 2015 47.32416752 May 2015 46.05006380 June 2015 44.78655900 July 2015 43.53355884 August 2015 42.29096980 September 2015 41.11848156 October 2015 39.95517880 November 2015 38.80098224 December 2015 37.65581320 January 2016 36.51959364 February 2016 35.39224612 March 2016 34.27369376 April 2016 33.16386036 May 2016 32.06267032 June 2016 30.97004856 July 2016 29.88592072 August 2016 28.77131832 September 2016 27.66547968 October 2016 26.56832844 November 2016 25.47978884 December 2016 24.39978576 January 2017 23.32824472 February 2017 22.26509168 March 2017 21.21025328 April 2017 20.16365676 May 2017 19.12522984 June 2017 18.09490092 July 2017 17.07259888 August 2017 16.05825324 September 2017 15.05179392 October 2017 14.05315156 November 2017 13.06225728 December 2017 12.07904272 January 2018 11.10344008 February 2018 10.13538204 March 2018 9.17480192 April 2018 8.22163344 May 2018 7.27581092 June 2018 6.33726916 July 2018 5.40594348 August 2018 4.48176972 September 2018 3.56468416 October 2018 2.65462364 November 2018 1.75152548 December 2018 0.85532748 January 2019 0.00000000 -----END PRIVACY-ENHANCED MESSAGE-----