EX-99 3 we658641-ex99.txt COLLATERAL TERM SHEETS ---------------------------------------------------------------------------------------------------------- WFMBS MORTGAGE LOAN POOL 20-YEAR THROUGH 30-YEAR 7/1 INTERMEDIATE ARM RELO & NON-RELOCATION MORTGAGES WFMBS SERIES 2002-B POOL PROFILE (4/16/2002) ----------------------------------------------------------------------------------------------------------
---------------------- ---------------------- 7/1 POOL TOLERANCE ---------------------- ---------------------- AGGREGATE PRINCIPAL BALANCE $201,659,824 (+/- 5.00%) MORTGAGE LOAN CUTOFF DATE 1-May-02 N/A INTEREST RATE RANGE 4.875 - 7.5 N/A GROSS WAC 6.548% (+ / - 5 bps) WEIGHTED AVERAGE SERVICE FEE 25 BPS OR 37.5 BPS MASTER SERVICING FEE 1.7 bps on Securitization only WAM (in months) 358 (+/- 2 months) WALTV 65% (maximum +3%) CALIFORNIA PERCENT 52% (maximum +3%) SINGLE LARGEST ZIP CODE PERCENT 1% (maximum +2%) AVERAGE LOAN BALANCE $479,002 (maximum +$25,000) LARGEST INDIVIDUAL LOAN BALANCE $999,160 (maximum $1,500,000) CASH OUT REFINANCE PERCENT 19% (maximum +3%) PRIMARY RESIDENCE PERCENT 97% (minimum -3%) SINGLE FAMILY DETACHED PERCENT 90% (minimum -3%) FULL DOCUMENTATION PERCENT 83% (minimum -3%) WA FICO 733 (minimum -5) UNINSURED > 80% LTV PERCENT 0% (maximum +2%) RELOCATION PERCENT 5% (minimum -3%) GROSS MARGIN 2.750% (+ / - 5 bps) GROSS LIFECAP 11.548% (+ / - 5 bps) WA MONTHS TO NEXT ROLL 82 (+ / - 2 months) INTEREST ONLY PERCENT 11% (maximum +3%) THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT.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 7/1 INTERMEDIATE ARM RELO & NON-RELOCATION MORTGAGES WFMBS SERIES 2002-B PRICING INFORMATION POOL PROFILE (4/16/2002) --------------------------------------------------------------------------------------------------------------------------- COLLATERAL All Mortgage Loans will Index off the One-Year CMT. None of the Mortgage Loans have a convertibility feature. Each Mortgage Loan has a 5% Initial Rate Cap & 2% for each Adjustment thereafter. Each Mortgage Loan has a 5% Lifetime Rate Cap. RATING AGENCIES TBD by Wells Fargo PASS THRU RATE Net WAC or Ratio Stripped/Variable STRUCTURE TO CONFORM TO WFMBS 2001-34 or 2002-A EXCEPT AS NOTED BELOW (Call WF Structured Finance at the number below for details) AAA STRUCTURE DUE DATE 10-May-02 10:00 AM . PRICING DATE TBD SETTLEMENT DATE 30-May-02
ASSUMED SUB LEVELS Rating Agency AGG Level Levels and Rating Agencies for AAA Moody's/S&P 2.90% 2002-B to be determined by AA S&P 1.35% Wells Fargo A S&P 0.85% BBB S&P 0.50% BB S&P 0.35% B S&P 0.15% NOTE: PLEASE NOTE THE FOLLOWING SPECIFICS OF THE 2002-B STRUCTURE: WELLS FARGO BANK MINNESOTA, N.A. WILL REPLACE FIRST UNION BANK AS CUSTODIAN ONLY. 1.7 BPS MASTER SERVICING FEE STRIP CLASS A OPTIMAL AMT: CLASS A PP% OF NET LIQUIDATION PROCEEDS FOR A LIQUIDATED LOAN CLASS A PP% SHIFT TEST FAILURE - LOOK BACK TO LAST DETEMINATION DATE FOR CALC'D CLASS A PP% * THIS SECURITY MAY CONTAIN PLEDGED ASSET LOANS. WFMBS CONTACTS Brad Davis (301) 846-8009 Gretchen Markley (301) 846-8356 ---------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------- 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 $100,000 Standard Upon Request protection 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 unsophisticat (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.