EX-99 3 we697827-ex99.txt COMPUTATIONAL MATERIALS Exhibit 99 WELLS FARGO MORTGAGE BACKED SECURITIES 2003-1 TRUST Deutsche Bank [LOGO] -------------------------------------------------------------------------------- WELLS FARGO MORTGAGE BACKED SECURITIES 2003-1 TRUST Computational Materials: Term Sheet -------------------------------------------------------------------------------- $500,000,000 (Approximate) -------------------------------------------------------------------------------- Transaction Overview -------------------------------------------------------------------------------- Prepayment Pricing Speed: o 300 PSA Settlement Date: o 2/28/03 Rating Agencies o Expected 1 of 3 Master Servicer: o Wells Fargo Bank Minnesota, National Association Subservicers: o Wells Fargo Home Mortgage, Inc., and one or more other servicers approved by the Master Servicer Trustee: o Wachovia Bank, National Association -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Collateral Summary Summary Characteristics -------------------------------------------------------------------------------- Product Fixed-Rate Jumbo 15 year Amount $500,000,000 (+/- 5%) Gross WAC 5.86% (+/- 5 bps) WAC Range <=250 bps Servicing Fee 0.25% WAM 178 (+/- 2) months Weighted Average LTV 57.0% (max +5%) Average Balance $490,000 (max $525k) Full Documentation 65% (min -5%) Single Family Detached 93% (min -5%) Primary Residence 96% (min -5%) Uninsured > 80% LTV 0% (max 1%) % State Concentration 35% California (max 40%) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- SUBORDINATION %*** -------------------------------------------------------------------------------- CLASS % Seniors 1.30% 98.7% B-1 0.60% 0.70% B-2 0.40% 0.20% B-3 0.25% 0.15% B-4 0.15% 0.10% B-5 0.10% 0.05% B-6 0.00% 0.10% -------------------------------------------------------------------------------- *** PLEASE NOTE, SUBORDINATION LEVELS ARE SUBJECT TO CHANGE BASED ON RATING AGENCY APPROVAL FOR ADDITIONAL INFORMATION PLEASE CALL: --------------------------------------- Greg Lippmann 212-469-7730 Jordan Milman 212-469-7730 -------------------------------------------------------------------------------- This information is furnished to you solely by the Underwriter and not by the Issuer of the securities or any of its affiliates. The Underwriter is not acting as agent for the Issuer or its affiliates in connection with the proposed transaction. This information supersedes any prior versions hereof and will be deemed to be superseded by any subsequent versions (including, with respect to any description of the securities or the underlying assets, the information contained in the final offering document for the proposed transaction).