EX-99 3 we763583-ex99.txt Exhibit No. 99 -------------------------------------------------------------------------------- WFMBS MORTGAGE LOAN POOL 20-YEAR THROUGH 30-YEAR 10/1 CMT INTERMEDIATE ARM RELO & NON-RELOCATION MORTGAGES WFMBS SERIES 2004-E POOL PROFILE (3/22/2004) --------------------------------------------------------------------------------
------------------------- ---------------------- 10/1 POOL Tolerance ------------------------- ---------------------- AGGREGATE PRINCIPAL BALANCE $320,246,481 (+/- 5.00%) MORTGAGE LOAN CUTOFF DATE 1-Apr-04 N/A INTEREST RATE RANGE 3.625 - 6.125 N/A GROSS WAC 5.178% (+ / - 10 bps) WEIGHTED AVERAGE SERVICE FEE 25.0 bps MASTER SERVICING FEE 1.0 bps on Securitization only WAM (in months) 359 (+/- 2 months) WALTV 62% (maximum +5%) CALIFORNIA PERCENT 70% (maximum +5%) SINGLE LARGEST ZIP CODE PERCENT 2% (maximum +2%) AVERAGE LOAN BALANCE $528,460 (maximum +$25,000) LARGEST INDIVIDUAL LOAN BALANCE $1,935,671 (maximum $2,100,000) CASH OUT REFINANCE PERCENT 11% (maximum +5%) PRIMARY RESIDENCE PERCENT 97% (minimum -5%) SINGLE FAMILY DETACHED PERCENT 93% (minimum -5%) FULL DOCUMENTATION PERCENT 54% (minimum -5%) WA FICO 734 (minimum -5) UNINSURED > 80% LTV PERCENT 0% (maximum +3%) RELOCATION PERCENT 3.7% (minimum -2%) GROSS MARGIN 2.750% (+ / - 5 bps) GROSS LIFECAP 10.178% (+ / - 10 bps) WA MONTHS TO NEXT ROLL 119 (+ / - 3 months) INTEREST ONLY PERCENT 0% (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THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT.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. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- WFMBS MORTGAGE LOAN POOL 20-YEAR THROUGH 30-YEAR 10/1 CMT INTERMEDIATE ARM RELO & NON-RELOCATION MORTGAGES WFMBS SERIES 2004-E PRICING INFORMATION POOL PROFILE (3/22/2004) --------------------------------------------------------------------------------
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 2002-B or 2004-C EXCEPT AS NOTED BELOW (Call WF Structured Finance at the number below for details) AAA STRUCTURE DUE DATE 9-Apr-04 9:00 AM Structures received or changes to structures past the due date will incur a $10,000 fee. PRICING DATE SETTLEMENT DATE 28-Apr-04
ASSUMED SUB LEVELS Assumed Rating Agencies AGG Assumed Levels Levels and Rating Agencies for AAA Moody's/S&P 2.45% 2004-E to be determined by AA S&P 0.95% Wells Fargo A S&P 0.55% These levels are for bid purposes only. BBB S&P 0.35% Any change in actual levels will not result BB S&P 0.20% in price changes. B S&P 0.10% Note: AAA Class will be rated by two rating agencies. AA through B Classes will be rated by one rating agency. Additional tranche ratings will be paid for by the sub underwriter.
NOTE: Please note the following specifics of the 2004-E structure: 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 determination date for calc'd Class A PP% No Floating Rate Interest-Only Strips will be described as Fixed Rate (Normalized I/Os) * This Security may contain Pledged Asset Loans, Buydown Loans, and Manufactured Homes. -------------------------------------------------------------------------------- WFMBS CONTACTS Brad Davis (301) 846-8009 Gretchen Leff (301) 846-8356 Mike Miller (301) 815-6397 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- WFASC Denomination Policy --------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------- Minimum Physical Book Entry Type and Description of Certificates Denomination Certificates Certificates (1)(4) ----------------------------------------------------------------------------------------------------------------------------- Class A PAC, TAC, Scheduled, Accrual, Sequential, Floaters, NAS, Non-complex components (subject to reasonable prepayment support) $25,000 Allowed Allowed Companion classes for PAC, TAC, Scheduled Classes $100,000 Allowed Allowed Inverse Floater (Including Leveraged), PO, Subclasses of the Class A that provide credit protection to the Class A, Complex multi-component certificates $100,000 Allowed Allowed Notional and Nominal Face IO (2) Allowed 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 -----------------------------------------------------------------------------------------------------------------------------
(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.