EX-99 3 we638967-ex99.txt COLLATERAL TERM SHEETS -------------------------------------------------------------------------------- WFMBS MORTGAGE LOAN POOL 20-YEAR THROUGH 30-YEAR FIXED RATE RELOCATION MORTGAGES WFMBS SERIES 2002-08 POOL PROFILE (2/25/2002) -------------------------------------------------------------------------------- ------------------- -------------------- BID TOLERANCE ------------------- -------------------- AGGREGATE PRINCIPAL BALANCE $235,000,000 (+/- 5.00%) MORTGAGE LOAN CUTOFF DATE 1-Mar-02 INTEREST RATE RANGE 5.750% - 8.250% GROSS WAC 6.51% (+5 bps/ -5 Bps%) WEIGHTED AVERAGE SERVICE FEE 25 bps MASTER SERVICING FEE 1.7 bps WAM (in months) 358 (+/- 2 month) WALTV 77% (maximum +3%) CALIFORNIA % 25% (maximum +3%) SINGLE LARGEST ZIP CODE CONCENTRATION 3% (maximum +3%) AVERAGE LOAN BALANCE $442,539 (maximum $450,000) LARGEST INDIVIDUAL LOAN BALANCE $1,098,101 (maximum $1,500,000) CASH-OUT REFINANCE % 0% (maximum +3%) PRIMARY RESIDENCE % 100% (minimum -3%) SINGLE-FAMILY DETACHED % 95% (minimum -3%) FULL DOCUMENTATION % 31% (minimum -4%) PREPAYMENT PENALTY % 0% (maximum +3%) UNINSURED > 80% LTV % 19% (maximum +3%) TEMPORARY BUYDOWNS 0% (maximum +3%) THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT.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. -------------------------------------------------------------------------------- (1) All dollar amounts are approximate and all percentages are expressed as approximate percentages of the Aggregate Principal Balance. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- WFMBS MORTGAGE LOAN POOL 20-YEAR THROUGH 30-YEAR FIXED RATE RELOCATION MORTGAGES WFMBS SERIES 2002-08 POOL PROFILE (2/25/2002) PRICING INFORMATION -------------------------------------------------------------------------------- RATING AGENCIES TBD by Wells Fargo PASS THRU RATE 6.00% ASSUMED SIZE OF PRINCIPAL ONLY CLASS 0.45% PRICING DATE 26-Feb-02 FINAL STRUCTURE DUE DATE 08-Mar-02 9:00 AM SETTLEMENT DATE 27-Mar-02 ASSUMED SUB LEVELS AAA 2.900% AA 1.600% A 1.000% BBB 0.550% BB 0.350% B 0.200% Note: AAA Class will be rated by two rating agencies. AA through B Classes will be rated by one rating agency. WFASC SECURITIZATION PROGRAM CHANGES BEGINNING WITH DEALS CLOSING IN JANUARY 2002 AS FOLLOWS: 1) ALL SPECIAL HAZARD, BANKRUPTCY & FRAUD LOSSES WILL BE ALLOCATED AS REGULAR REALIZED LOSSES. 2) CURTAILMENT INTEREST SHORTFALL WILL BE ALLOCATED ON A PRO RATA BASIS TO ALL BONDS. 3) SOLDIERS & SAILORS INTEREST SHORTFALL WILL BE ALLOCATED ON A PRO RATA BASIS TO ALL BONDS. * SHOULD MOODY'S PROVIDE A RATING ON THE TRANSACTION, PLEASE NOTE, THE RESIDUAL CLASS WILL NOT BE RATED. * THIS SECURITY MAY CONTAIN PLEDGED ASSET LOANS. WFMBS may structure the excess interest as an interest only certificate, or as fixed retained yield or servicing fee which will be excluded from the trust for Series 2002-08. THE PRINCIPAL ONLY CERTIFICATE CREATED BY THE DISCOUNT MORTGAGE LOANS WILL BE INCLUDED IN THE BID ON THE PRICING DATE. WFMBS CONTACTS Brad Davis (301) 846-8009 Michael Miller (301) 815-6397 -------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- WFASC DENOMINATION POLICY -----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------- TYPE AND DESCRIPTION OF CERTIFICATES MINIMUM PHYSICAL BOOK ENTRY DENOMINATION CERTIFICATES CERTIFICATES (1)(4) ----------------------------------------------------------------------------------------------------------------------------- CLASS A PAC, TAC, Scheduled, Accrual, Sequential, Floaters, NAS, Non-complex $25,000 Allowed Allowed components (subject to reasonable prepayment support) Companion classes for PAC, TAC, Scheduled Classes $100,000 Allowed Allowed Inverse Floater, PO, Subclasses of the Class A that provide credit protection $100,000 Standard Upon Request to the Class A, Complex multi-component certificates Notional and Nominal Face IO (2) Standard Upon Request Residual Certificates (3) Required Not Allowed All other types of Class A Certificates (5) (5) (5) CLASS B (Investment Grade) $100,000 Allowed Allowed CLASS B (Non-Investment Grade) $250,000 Required Not Allowed ----------------------------------------------------------------------------------------------------------------------------- (1) WFASC reserves the right to cause certain certificates to be issued in denominations greater than outlined above or in a definitive form to mitigate the risk of a security with complicated cash-flow characteristics being made available to an unsophisticated investor. (2) Notional IO Certificates and Nominal Face IO Certificates will be issued in minimum denominations that ensure a minimum purchase price of $100,000. (3) 100% percentage interest for non-economic residuals. (4) Retail Classes will be analyzed and approved on a case-by-case basis by WFASC. (WFASC does not issue Companion Classes for PAC/TAC/Scheduled Classes in $1000 denominations.) (5) Underwriter must obtain WFASC's approval.