EX-99 3 exhibit99.txt COLLATERAL TERM SHEETS EXHIBIT 99
------------------------------------------------------------------------------------------- WFMBS MORTGAGE LOAN POOL 20-YEAR THROUGH 30-YEAR 7/1 CMT INTERMEDIATE ARM RELO & NON-RELOCATION MORTGAGES WFMBS SERIES 2003-B POOL PROFILE (12/12/2002) -------------------------------------------------------------------------------------------- ----------------- --------------------- 7/1 POOL TOLERANCE ----------------- --------------------- AGGREGATE PRINCIPAL BALANCE $350,000,000 (+/- 5.00%) MORTGAGE LOAN CUTOFF DATE 1-Feb-03 N/A INTEREST RATE RANGE 4.375 - 7.375 N/A GROSS WAC 5.685% (+ / - 10 bps) WEIGHTED AVERAGE SERVICE FEE OR 37.5 BPS MASTER SERVICING FEE 1.0 BPS ON SECURITIZATION ONLY WAM (in months) 359 (+/- 2 months) WALTV 64% (maximum +5%) CALIFORNIA PERCENT 42% (maximum +5%) SINGLE LARGEST ZIP CODE PERCENT 1% (maximum +3%) AVERAGE LOAN BALANCE $478,440 (maximum +$25,000) LARGEST INDIVIDUAL LOAN BALANCE $1,000,000 (maximum $1,500,000) CASH OUT REFINANCE PERCENT 16% (maximum +5%) PRIMARY RESIDENCE PERCENT 95% (minimum -5%) SINGLE FAMILY DETACHED PERCENT 91% (minimum -5%) FULL DOCUMENTATION PERCENT 75% (minimum -5%) WA FICO 735 (minimum -10) UNINSURED > 80% LTV PERCENT 0% (maximum +3%) RELOCATION PERCENT 1% (minimum -5%) GROSS MARGIN 2.750% (+ / - 5 bps) GROSS LIFECAP 10.685% (+ / - 10 bps) WA MONTHS TO NEXT ROLL 83 (+ / - 3 months) INTEREST ONLY PERCENT 22% (maximum +5%) THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT.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.
WFASC DENOMINATION POLICY MINIMUM PHYSICAL BOOK ENTRY TYPE AND DESCRIPTION OF CERTIFICATES DENOMINATION (1)(4) CERTIFICATES CERTIFICATES CLASS A PAC, TAC, Scheduled, Accrual, Sequential, Floaters, $25,000 Allowed Allowed NAS, Non-complex 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 $100,000 Allowed Allowed provide credit protection to the Class A, Complex multi-component certificates Notional and Nominal Face IO (2) Allowed Allowed Leveraged Inverse Floater IO (2) Required Not Allowed 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
---------------------S (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) 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.