EX-99 2 we817656-ex99.txt COLLATERAL TERM SHEETS Exhibit No. 99 -------------------------------------------------------------------------------- WFMBS MORTGAGE LOAN POOL 30 -YEAR FIXED RATE NON-RELOCATION MORTGAGES WFMBS SERIES 2005-02 POOL PROFILE (1/25/2005) -------------------------------------------------------------------------------- ----------------- ----------------- 30 YR POOL Tolerance ----------------- ----------------- AGGREGATE PRINCIPAL BALANCE $650,000,000 (+/- 5.00%) MORTGAGE LOAN CUTOFF DATE 1-Mar-05 N/A INTEREST RATE RANGE 5.375-6.750 N/A GROSS WAC 5.890% (+ / - 5 bps) WEIGHTED AVERAGE SERVICE FEE 0.250% MASTER SERVICING FEE 1.0 bps on Securitization only WAM (in months) 358 (+/- 2 months) WALTV 66% (maximum +5%) CALIFORNIA PERCENT 49% (maximum 50%) SINGLE LARGEST ZIP CODE PERCENT 1% (maximum +2%) AVERAGE LOAN BALANCE $467,913 (maximum +$25,000) LARGEST INDIVIDUAL LOAN BALANCE $1,646,627 (maximum $2,000,000) CASH OUT REFINANCE PERCENT 31% (maximum +5%) PRIMARY RESIDENCE PERCENT 93% (minimum -5%) Pledged Asset % 0.1% (maximum 1%) SINGLE FAMILY DETACHED PERCENT 89% (minimum -5%) FULL DOCUMENTATION PERCENT 48% (minimum -2%) Co-Op % 0.6% (maximum 1%) WA FICO 736 (minimum -5) UNINSURED > 80% LTV PERCENT 0.09% (maximum +1%) THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT.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 30 -YEAR FIXED RATE NON-RELOCATION MORTGAGES WFMBS SERIES 2005-02 PRICING INFORMATION POOL PROFILE (1/25/2005) -------------------------------------------------------------------------------- RATING AGENCIES TBD by Wells Fargo PASS THRU RATE 5.25% or 5.50% ASSUMED SIZE OF PRINCIPAL ONLY CLASS 0.002% or 0.10% AAA STRUCTURE DUE DATE 10-Mar-05 Structure received or changes to structures past the due date will incur a $10,000 fee. Structure delivered to WF by Mar. 10- Delivery of prospectus day before settlement Structure delivered to WF by Mar. 21 -Delivery of prospectus day of settlement Structure delivered to WF Mar. 22 or later- Possible change of settlement date SETTLEMENT DATE 30-Mar-05 ASSUMED SUB LEVELS AGG Assumed Level Levels and Rating Agencies for AAA 2.65% 2005-02 to be determined by AA TBD Wells Fargo. A TBD BBB TBD BB TBD B TBD WFASC Securitization Program 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. 4) Wells Fargo Bank, N.A. will act as custodian. 5) No Floating Rate Interest-Only strips will be described as Fixed Rate (Normalized I/O's) * 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 2005-02. 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 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 $25,000 Allowed Allowed components (subject to reasonable prepayment support) Companion classes for PAC, TAC, Scheduled Classes $100,000 Allowed Allowed Inverse Floater (Including Leveraged), 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 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.