-----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, RMAQM2yQyYjQ4vBLwB8xBKVzqW9nhOhaPAwveGSuBzZL7O2ng/DOnKJiw5A5WLlK tnuoHrvvkjomyXvEomfGMg== 0000914121-06-003098.txt : 20060929 0000914121-06-003098.hdr.sgml : 20060929 20060929120142 ACCESSION NUMBER: 0000914121-06-003098 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060929 DATE AS OF CHANGE: 20060929 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Mortgage Backed Securities 2006-12 Trust CENTRAL INDEX KEY: 0001372497 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: 333-129159-22 FILM NUMBER: 061116155 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 we5638386.txt FREE WRITING PROSPECTUS Filed Pursuant to Rule 433 File No.: 333-129159-22 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 issuer has filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by visiting EDGAR(R) on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-803-9204. THE SERIES 2006-12 CERTIFICATES
Initial Pass- Principal Through Class Balance(1) Rate Principal Types Interest Types CUSIP - ---------- ------------ ------- ------------------------------------------ --------------------- ----------- Offered Certificates Class A-1 $241,065,000 6.000% Super Senior, Planned Amortization Fixed Rate 94984H AA 3 Class A-2 $60,900,000 6.000% Super Senior, Planned Amortization Fixed Rate 94984H AB 1 Class A-3 $188,436,000 6.000% Super Senior, Planned Amortization Fixed Rate 94984H AC 9 Class A-4 $9,700,000 6.000% Super Senior, Planned Amortization Fixed Rate 94984H AD 7 Class A-5 $500,000 6.000% Super Senior Support, Planned Amortization Fixed Rate 94984H AE 5 Class A-6 $114,388,523 6.500% Senior, Accretion Directed, Companion Fixed Rate 94984H AF 2 Class A-7 $9,532,377 0.000% Senior, Accretion Directed, Companion Principal Only 94984H AG 0 Class A-8 $82,285,714 (7) Senior, Accretion Directed, Companion Floating Rate 94984H AH 8 Class A-9 $13,714,286 (7) Senior, Accretion Directed, Companion Inverse Floating Rate 94984H AJ 4 Class A-10 $9,000,000 6.000% Senior, Accretion Directed, Companion Accrual, Fixed Rate 94984H AK 1 Class A-11 $30,000,000 6.000% Senior, Accretion Directed, Companion Fixed Rate 94984H AL 9 Class A-12 $10,000,000 6.000% Senior, Companion Accrual, Fixed Rate 94984H AM 7 Class A-13 $84,037,000 6.000% Super Senior, Lockout Fixed Rate 94984H AN 5 Class A-14 $3,000,000 6.000% Super Senior Support, Lockout Fixed Rate 94984H AP 0 Class A-15 $3,000,000 6.000% Super Senior Support, Lockout Fixed Rate 94984H AQ 8 Class A-16 $8,000,000 6.000% Super Senior Support, Planned Amortization Fixed Rate 94984H AR 6 Class A-17 $2,100,000 6.000% Super Senior Support, Planned Amortization Fixed Rate 94984H AS 4 Class A-PO $2,798,868 0.000% Senior, Ratio Strip Principal Only 94984H AT 2 Class A-R $125 6.000% Senior, Sequential Pay Fixed Rate 94984H AU 9 Class B-1 $15,757,000 6.000% Subordinated Fixed Rate 94984H AV 7 Class B-2 $4,952,000 6.000% Subordinated Fixed Rate 94984H AW 5 Class B-3 $2,701,000 6.000% Subordinated Fixed Rate 94984H AX 3 Non-Offered Certificates Class B-4 $1,801,000 6.000% Subordinated Fixed Rate 94984H AY 1 Class B-5 $1,350,000 6.000% Subordinated Fixed Rate 94984H AZ 8 Class B-6 $1,351,315 6.000% Subordinated Fixed Rate 94984H BA 2
- ----------------------- (1) Approximate. The initial principal balances are subject to adjustment. (7) The following table describes the methodology for determining the pass-through rate for the floating rate and inverse floating rate certificates. Initial Pass- Pass-Through Minimum Pass Maximum Pass- Class Through Rate Rate Formula -Through Rate Through Rate - --------- ------------- ------------------------- ------------- ------------- Class A-8 6.180% LIBOR + 0.850% 0.850% 7.000% Class A-9 4.920% 36.900% - (LIBOR x 6.000) 0.000% 36.900%
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-10 Certificates, the applicable Accrual Distribution Amount will be distributed sequentially, as follows: first, concurrently, to the Class A-6, Class A-7, Class A-8 and Class A-9 Certificates, pro rata; and second, to the Class A-10 Certificates. II. On each Distribution Date occurring prior to the Accretion Termination Date for the Class A-12 Certificates, the applicable Accrual Distribution Amount will be distributed sequentially, as follows: first, concurrently, to the Class A-6, Class A-7, Class A-8 and Class A-9 Certificates, pro rata; and second, sequentially, to the Class A-10, Class A-11 and Class A-12 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, to the Class A-13, Class A-14 and Class A-15 Certificates, pro rata, up to the Priority Amount for such Distribution Date; third, sequentially, up to the PAC Principal Amount for such Distribution Date, as follows: (a) concurrently, to the Class A-1 and Class A-16 Certificates, pro rata; (b) concurrently, to the Class A-2 and Class A-17 Certificates, pro rata; (c) to the Class A-3 Certificates; and (d) concurrently, to the Class A-4 and Class A-5 Certificates, pro rata; fourth, concurrently, to the Class A-6, Class A-7, Class A-8 and Class A-9 Certificates, pro rata; fifth, sequentially, to the Class A-10, Class A-11 and Class A-12 Certificates; sixth, concurrently, to the Class A-1 and Class A-16 Certificates, pro rata; seventh, concurrently, to the Class A-2 and Class A-17 Certificates, pro rata; eighth, to the Class A-3 Certificates; ninth, concurrently, to the Class A-4 and Class A-5 Certificates, pro rata; and tenth, concurrently, to the Class A-13, Class A-14 and Class A-15 Certificates, pro rata. The "PAC Principal Amount" for any Distribution Date means the amount, if any, that would reduce the sum of the Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-16 and Class A-17 Certificates (the "PAC Group" or "PAC Certificates") to the percentage of the initial aggregate Principal Balance of the PAC Group shown in the table appearing in Appendix I with respect to such Distribution Date. The "Priority Amount" for any Distribution Date means the product of (a) the Priority Percentage, (b) the Shift Percentage and (c) 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-13, Class A-14 and Class A-15 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: Shift Distribution Date Occurring In Percentage - ------------------------------------------------------------------- ----------- October 2006 through September 2011 0% October 2011 through September 2012 30% October 2012 through September 2013 40% October 2013 through September 2014 60% October 2014 through September 2015 80% October 2015 and thereafter 100% APPENDIX I Planned Principal Balances as Percentages of Initial Aggregate Principal Balance PAC Group Percentage of Initial Aggregate Distribution Date Principal Balance - ----------------- ----------------- October 2006 99.76978607 November 2006 99.50232087 December 2006 99.19770478 January 2007 98.85603750 February 2007 98.47744253 March 2007 98.06206712 April 2007 97.61008220 May 2007 97.12168235 June 2007 96.59708567 July 2007 96.03653364 August 2007 95.44029098 September 2007 94.80864548 October 2007 94.14190776 November 2007 93.44041109 December 2007 92.70451108 January 2008 91.93458546 February 2008 91.13103371 March 2008 90.29427681 April 2008 89.42475681 May 2008 88.52293650 June 2008 87.58929904 July 2008 86.62434746 August 2008 85.62860430 September 2008 84.60261108 October 2008 83.54692788 November 2008 82.46219954 December 2008 81.35200274 January 2009 80.21780233 February 2009 79.09109984 March 2009 77.97187244 April 2009 76.86007188 May 2009 75.75565018 June 2009 74.65855972 July 2009 73.56875315 August 2009 72.48618344 September 2009 71.41080388 October 2009 70.34256804 November 2009 69.28142982 December 2009 68.22734339 January 2010 67.18026325 February 2010 66.14014417 March 2010 65.10694124 April 2010 64.08060981 May 2010 63.06110554 June 2010 62.04838439 July 2010 61.04240258 August 2010 60.04311665 September 2010 59.05048338 October 2010 58.06445988 November 2010 57.08500349 December 2010 56.11207186 January 2011 55.14562292 February 2011 54.18561485 March 2011 53.23200612 April 2011 52.28475547 May 2011 51.34382190 June 2011 50.40916468 July 2011 49.48074335 August 2011 48.55851772 September 2011 47.64244784 October 2011 46.78190454 November 2011 45.92734346 December 2011 45.07872560 January 2012 44.23601222 February 2012 43.39916480 March 2012 42.56814511 April 2012 41.74291516 May 2012 40.92343718 June 2012 40.10967369 July 2012 39.30158743 August 2012 38.49914139 September 2012 37.70229880 October 2012 36.92715996 November 2012 36.15747396 December 2012 35.39320497 January 2013 34.63431739 February 2013 33.88077586 March 2013 33.13254523 April 2013 32.38959060 May 2013 31.65187731 June 2013 30.91937090 July 2013 30.19203716 August 2013 29.46984208 September 2013 28.75275189 October 2013 28.09255630 November 2013 27.44559688 December 2013 26.81162637 January 2014 26.19040193 February 2014 25.58168510 March 2014 24.98524171 April 2014 24.40084182 May 2014 23.82825961 June 2014 23.26727332 July 2014 22.71766522 August 2014 22.17922148 September 2014 21.65173213 October 2014 21.19636684 November 2014 20.74999467 December 2014 20.31244552 January 2015 19.88355242 February 2015 19.46315148 March 2015 19.05108180 April 2015 18.64718546 May 2015 18.25130744 June 2015 17.86329556 July 2015 17.48300045 August 2015 17.11027549 September 2015 16.74497676 October 2015 16.43860065 November 2015 16.13768604 December 2015 15.84213712 January 2016 15.55185977 February 2016 15.26676147 March 2016 14.98675135 April 2016 14.71174007 May 2016 14.44163988 June 2016 14.17636453 July 2016 13.91507258 August 2016 13.65239131 September 2016 13.39447983 October 2016 13.14125351 November 2016 12.89262920 December 2016 12.64852519 January 2017 12.40886123 February 2017 12.17355845 March 2017 11.94253936 April 2017 11.71572785 May 2017 11.49304911 June 2017 11.27442966 July 2017 11.05979731 August 2017 10.84908111 September 2017 10.64221139 October 2017 10.43911967 November 2017 10.23973868 December 2017 10.04400233 January 2018 9.85184569 February 2018 9.66320497 March 2018 9.47801750 April 2018 9.29622168 May 2018 9.11775704 June 2018 8.94256414 July 2018 8.77058459 August 2018 8.60176102 September 2018 8.43603707 October 2018 8.27335738 November 2018 8.11366756 December 2018 7.95691414 January 2019 7.80304465 February 2019 7.65200749 March 2019 7.50375201 April 2019 7.35822840 May 2019 7.21538777 June 2019 7.07518208 July 2019 6.93756411 August 2019 6.80248751 September 2019 6.66990671 October 2019 6.53977697 November 2019 6.41205432 December 2019 6.28669556 January 2020 6.16365827 February 2020 6.04290077 March 2020 5.92438210 April 2020 5.80806205 May 2020 5.69390109 June 2020 5.58186041 July 2020 5.47190187 August 2020 5.36398800 September 2020 5.25808200 October 2020 5.15414772 November 2020 5.05214966 December 2020 4.95205290 January 2021 4.85382320 February 2021 4.75742687 March 2021 4.66283086 April 2021 4.57000267 May 2021 4.47891038 June 2021 4.38952266 July 2021 4.30180870 August 2021 4.21467529 September 2021 4.12918611 October 2021 4.04531131 November 2021 3.96302158 December 2021 3.88228812 January 2022 3.80308263 February 2022 3.72537733 March 2022 3.64914493 April 2022 3.57435861 May 2022 3.50099206 June 2022 3.42901940 July 2022 3.35841523 August 2022 3.28915459 September 2022 3.22121299 October 2022 3.15456634 November 2022 3.08919100 December 2022 3.02506376 January 2023 2.96216179 February 2023 2.90046270 March 2023 2.83994449 April 2023 2.78058554 May 2023 2.72236462 June 2023 2.66526089 July 2023 2.60925388 August 2023 2.55432347 September 2023 2.50044990 October 2023 2.44761379 November 2023 2.39579607 December 2023 2.34497805 January 2024 2.29514133 February 2024 2.24626787 March 2024 2.19833994 April 2024 2.15134014 May 2024 2.10525137 June 2024 2.06005683 July 2024 2.01574003 August 2024 1.97228478 September 2024 1.92967518 October 2024 1.88789559 November 2024 1.84693069 December 2024 1.80676540 January 2025 1.76738494 February 2025 1.72877476 March 2025 1.69092061 April 2025 1.65380847 May 2025 1.61742458 June 2025 1.58175542 July 2025 1.54678773 August 2025 1.51250848 September 2025 1.47890486 October 2025 1.44596431 November 2025 1.41367449 December 2025 1.38202327 January 2026 1.35099877 February 2026 1.32058929 March 2026 1.29078336 April 2026 1.26156971 May 2026 1.23296601 June 2026 1.20493182 July 2026 1.17749234 August 2026 1.15060023 September 2026 1.12424526 October 2026 1.09841736 November 2026 1.07310665 December 2026 1.04830344 January 2027 1.02399818 February 2027 1.00018155 March 2027 0.97684434 April 2027 0.95397753 May 2027 0.93157228 June 2027 0.90961990 July 2027 0.88811184 August 2027 0.86703972 September 2027 0.84639532 October 2027 0.82617055 November 2027 0.80635748 December 2027 0.78694832 January 2028 0.76793543 February 2028 0.74931130 March 2028 0.73106855 April 2028 0.71319995 May 2028 0.69569839 June 2028 0.67855690 July 2028 0.66176862 August 2028 0.64532684 September 2028 0.62922495 October 2028 0.61345647 November 2028 0.59801504 December 2028 0.58289442 January 2029 0.56808846 February 2029 0.55359115 March 2029 0.53939659 April 2029 0.52549896 May 2029 0.51189258 June 2029 0.49857185 July 2029 0.48553129 August 2029 0.47276550 September 2029 0.46026920 October 2029 0.44803719 November 2029 0.43606438 December 2029 0.42434578 January 2030 0.41287645 February 2030 0.40165159 March 2030 0.39066647 April 2030 0.37991643 May 2030 0.36939692 June 2030 0.35910347 July 2030 0.34903168 August 2030 0.33917724 September 2030 0.32953592 October 2030 0.32010357 November 2030 0.31087611 December 2030 0.30184953 January 2031 0.29301991 February 2031 0.28438340 March 2031 0.27593622 April 2031 0.26767464 May 2031 0.25959503 June 2031 0.25169380 July 2031 0.24396901 August 2031 0.23641560 September 2031 0.22903376 October 2031 0.22181650 November 2031 0.21476059 December 2031 0.20786282 January 2032 0.20112006 February 2032 0.19452924 March 2032 0.18808734 April 2032 0.18179141 May 2032 0.17563853 June 2032 0.16962585 July 2032 0.16375058 August 2032 0.15800997 September 2032 0.15240133 October 2032 0.14692201 November 2032 0.14156942 December 2032 0.13634102 January 2033 0.13123431 February 2033 0.12624683 March 2033 0.12137618 April 2033 0.11662001 May 2033 0.11197600 June 2033 0.10744188 July 2033 0.10301542 August 2033 0.09869443 September 2033 0.09447677 October 2033 0.09036034 November 2033 0.08634307 December 2033 0.08242293 January 2034 0.07859795 February 2034 0.07486617 March 2034 0.07122567 April 2034 0.06767458 May 2034 0.06421107 June 2034 0.06083333 July 2034 0.05753958 August 2034 0.05432809 September 2034 0.05119715 October 2034 0.04814510 November 2034 0.04517029 December 2034 0.04227112 January 2035 0.03944600 February 2035 0.03669340 March 2035 0.03401179 April 2035 0.03139969 May 2035 0.02885563 June 2035 0.02637818 July 2035 0.02396595 August 2035 0.02161754 September 2035 0.01933162 October 2035 0.01710686 November 2035 0.01494195 December 2035 0.01283563 January 2036 0.01078664 February 2036 0.00879377 March 2036 0.00685580 April 2036 0.00497156 May 2036 0.00313990 June 2036 0.00149146 July 2036 and thereafter 0.00000000 -----END PRIVACY-ENHANCED MESSAGE-----