-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AHb+GcRAgnoH3DPWBH0WPfuryK72dXkrjixPCD6IIC0DmLNAwT30WKtUZxVfjTyT ms0AfzGDWAQW0rlbTW4wBg== 0001056404-02-001062.txt : 20020904 0001056404-02-001062.hdr.sgml : 20020904 20020904134956 ACCESSION NUMBER: 0001056404-02-001062 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020826 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020904 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO MORTGAGE BACKED SECURITIES 2002 6 TRUST CENTRAL INDEX KEY: 0001169736 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-74308-08 FILM NUMBER: 02756265 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 8-K 1 wfm02006.txt AUGUST 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 26, 2002 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-6 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-74308-08 Pooling and Servicing Agreement) (Commission 43-1959576 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On August 26, 2002 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-6 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-6 Trust, relating to the August 26, 2002 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-6 Trust By: Wells Fargo Bank Minnesota, NA, as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-6 Trust, relating to the August 26, 2002 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 7/31/02 Distribution Date: 8/26/02 WFMBS Series: 2002-6 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-PO 94978GAE5 PO 0.00000% 1,213,455.47 0.00 6,401.63 A-1 94978GAA3 SEQ 6.00000% 71,248,306.11 356,169.68 2,247,613.76 A-2 94978GAB1 SEQ 6.00000% 19,653,000.00 98,245.18 0.00 A-3 94978GAC9 SEQ 6.00000% 10,725,000.00 53,614.18 0.00 A-4 94978GAD7 SEQ 6.00000% 278,329,048.27 1,391,364.55 6,155,652.23 A-R 94978GAF2 RES 6.00000% 0.00 0.00 0.00 B-1 94978GAG0 SUB 6.00000% 2,368,144.34 11,838.33 8,253.69 B-2 94978GAH8 SUB 6.00000% 987,302.16 4,935.52 3,441.04 B-3 94978GAJ4 SUB 6.00000% 591,789.51 2,958.35 2,062.56 B-4 94978GAK1 SUB 6.00000% 394,526.34 1,972.23 1,375.04 B-5 94978GAL9 SUB 6.00000% 197,263.17 986.12 687.52 B-6 94978GAM7 SUB 6.00000% 395,718.93 1,978.20 1,379.19 Totals 386,103,554.30 1,924,062.34 8,426,866.66
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 1,207,053.84 6,401.63 0.00 A-1 0.00 69,000,692.35 2,603,783.44 0.00 A-2 0.00 19,653,000.00 98,245.18 0.00 A-3 0.00 10,725,000.00 53,614.18 0.00 A-4 0.00 272,173,396.04 7,547,016.78 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 2,359,890.65 20,092.02 0.00 B-2 0.00 983,861.12 8,376.56 0.00 B-3 0.00 589,726.94 5,020.91 0.00 B-4 0.00 393,151.30 3,347.27 0.00 B-5 0.00 196,575.65 1,673.64 0.00 B-6 0.00 394,339.73 3,357.39 0.00 Totals 0.00 377,676,687.62 10,350,929.00 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-PO 1,240,188.87 1,213,455.47 4,448.89 1,952.74 0.00 0.00 A-1 75,000,000.00 71,248,306.11 354,198.10 1,893,415.65 0.00 0.00 A-2 19,653,000.00 19,653,000.00 0.00 0.00 0.00 0.00 A-3 10,725,000.00 10,725,000.00 0.00 0.00 0.00 0.00 A-4 288,604,000.00 278,329,048.27 970,060.07 5,185,592.16 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 2,401,000.00 2,368,144.34 8,253.69 0.00 0.00 0.00 B-2 1,001,000.00 987,302.16 3,441.04 0.00 0.00 0.00 B-3 600,000.00 591,789.51 2,062.56 0.00 0.00 0.00 B-4 400,000.00 394,526.34 1,375.04 0.00 0.00 0.00 B-5 200,000.00 197,263.17 687.52 0.00 0.00 0.00 B-6 401,209.12 395,718.93 1,379.19 0.00 0.00 0.00 Totals 400,225,497.99 386,103,554.30 1,345,906.10 7,080,960.55 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-PO 6,401.63 1,207,053.84 0.97328227 6,401.63 A-1 2,247,613.76 69,000,692.35 0.92000923 2,247,613.76 A-2 0.00 19,653,000.00 1.00000000 0.00 A-3 0.00 10,725,000.00 1.00000000 0.00 A-4 6,155,652.23 272,173,396.04 0.94306869 6,155,652.23 A-R 0.00 0.00 0.00000000 0.00 B-1 8,253.69 2,359,890.65 0.98287824 8,253.69 B-2 3,441.04 983,861.12 0.98287824 3,441.04 B-3 2,062.56 589,726.94 0.98287823 2,062.56 B-4 1,375.04 393,151.30 0.98287825 1,375.04 B-5 687.52 196,575.65 0.98287825 687.52 B-6 1,379.19 394,339.73 0.98287828 1,379.19 Totals 8,426,866.66 377,676,687.62 0.94365974 8,426,866.66
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 1,240,188.87 978.44408973 3.58726812 1.57455050 0.00000000 A-1 75,000,000.00 949.97741480 4.72264133 25.24554200 0.00000000 A-2 19,653,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 10,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 288,604,000.00 964.39775010 3.36121492 17.96784577 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,401,000.00 986.31584340 3.43760516 0.00000000 0.00000000 B-2 1,001,000.00 986.31584416 3.43760240 0.00000000 0.00000000 B-3 600,000.00 986.31585000 3.43760000 0.00000000 0.00000000 B-4 400,000.00 986.31585000 3.43760000 0.00000000 0.00000000 B-5 200,000.00 986.31585000 3.43760000 0.00000000 0.00000000 B-6 401,209.12 986.31588933 3.43758387 0.00000000 0.00000000 (2) per $1000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-PO 0.00000000 5.16181862 973.28227111 0.97328227 5.16181862 A-1 0.00000000 29.96818347 920.00923133 0.92000923 29.96818347 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 21.32906069 943.06868942 0.94306869 21.32906069 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 3.43760516 982.87823823 0.98287824 3.43760516 B-2 0.00000000 3.43760240 982.87824176 0.98287824 3.43760240 B-3 0.00000000 3.43760000 982.87823333 0.98287823 3.43760000 B-4 0.00000000 3.43760000 982.87825000 0.98287825 3.43760000 B-5 0.00000000 3.43760000 982.87825000 0.98287825 3.43760000 B-6 0.00000000 3.43758387 982.87828053 0.98287828 3.43758387 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-PO 1,240,188.87 0.00000% 1,213,455.47 0.00 0.00 0.00 A-1 75,000,000.00 6.00000% 71,248,306.11 356,241.53 0.00 0.00 A-2 19,653,000.00 6.00000% 19,653,000.00 98,265.00 0.00 0.00 A-3 10,725,000.00 6.00000% 10,725,000.00 53,625.00 0.00 0.00 A-4 288,604,000.00 6.00000% 278,329,048.27 1,391,645.24 0.00 0.00 A-R 100.00 6.00000% 0.00 0.00 0.00 0.00 B-1 2,401,000.00 6.00000% 2,368,144.34 11,840.72 0.00 0.00 B-2 1,001,000.00 6.00000% 987,302.16 4,936.51 0.00 0.00 B-3 600,000.00 6.00000% 591,789.51 2,958.95 0.00 0.00 B-4 400,000.00 6.00000% 394,526.34 1,972.63 0.00 0.00 B-5 200,000.00 6.00000% 197,263.17 986.32 0.00 0.00 B-6 401,209.12 6.00000% 395,718.93 1,978.59 0.00 0.00 Totals 400,225,497.99 1,924,450.49 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-PO 0.00 0.00 0.00 0.00 1,207,053.84 A-1 71.85 0.00 356,169.68 0.00 69,000,692.35 A-2 19.82 0.00 98,245.18 0.00 19,653,000.00 A-3 10.82 0.00 53,614.18 0.00 10,725,000.00 A-4 280.69 0.00 1,391,364.55 0.00 272,173,396.04 A-R 0.00 0.00 0.00 0.00 0.00 B-1 2.39 0.00 11,838.33 0.00 2,359,890.65 B-2 1.00 0.00 4,935.52 0.00 983,861.12 B-3 0.60 0.00 2,958.35 0.00 589,726.94 B-4 0.40 0.00 1,972.23 0.00 393,151.30 B-5 0.20 0.00 986.12 0.00 196,575.65 B-6 0.40 0.00 1,978.20 0.00 394,339.73 Totals 388.17 0.00 1,924,062.34 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-PO 1,240,188.87 0.00000% 978.44408973 0.00000000 0.00000000 0.00000000 A-1 75,000,000.00 6.00000% 949.97741480 4.74988707 0.00000000 0.00000000 A-2 19,653,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 A-3 10,725,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 A-4 288,604,000.00 6.00000% 964.39775010 4.82198875 0.00000000 0.00000000 A-R 100.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,401,000.00 6.00000% 986.31584340 4.93157851 0.00000000 0.00000000 B-2 1,001,000.00 6.00000% 986.31584416 4.93157842 0.00000000 0.00000000 B-3 600,000.00 6.00000% 986.31585000 4.93158333 0.00000000 0.00000000 B-4 400,000.00 6.00000% 986.31585000 4.93157500 0.00000000 0.00000000 B-5 200,000.00 6.00000% 986.31585000 4.93160000 0.00000000 0.00000000 B-6 401,209.12 6.00000% 986.31588933 4.93156786 0.00000000 0.00000000 (5) All classes are per $1000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-PO 0.00000000 0.00000000 0.00000000 0.00000000 973.28227111 A-1 0.00095800 0.00000000 4.74892907 0.00000000 920.00923133 A-2 0.00100850 0.00000000 4.99899150 0.00000000 1000.00000000 A-3 0.00100886 0.00000000 4.99899114 0.00000000 1000.00000000 A-4 0.00097258 0.00000000 4.82101617 0.00000000 943.06868942 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00099542 0.00000000 4.93058309 0.00000000 982.87823823 B-2 0.00099900 0.00000000 4.93058941 0.00000000 982.87824176 B-3 0.00100000 0.00000000 4.93058333 0.00000000 982.87823333 B-4 0.00100000 0.00000000 4.93057500 0.00000000 982.87825000 B-5 0.00100000 0.00000000 4.93060000 0.00000000 982.87825000 B-6 0.00099699 0.00000000 4.93059580 0.00000000 982.87828053 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 164,274.00 Deposits Payments of Interest and Principal 10,339,878.75 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 10,339,878.75 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 81,363.02 Payment of Interest and Principal 10,350,929.01 Total Withdrawals (Pool Distribution Amount) 10,432,292.03 Ending Balance 71,860.72
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 4,908.95 Servicing Fee Support 4,520.78 Non-Supported Prepayment/Curtailment Interest Shortfall 388.17
SERVICING FEES Gross Servicing Fee 80,415.54 Master Servicing Fee 5,468.26 Supported Prepayment/Curtailment Interest Shortfall 4,520.78 Net Servicing Fee 81,363.02
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 183,538.04
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 5,003,209.12 1.25009754% 4,917,545.39 1.30205161% 98.693774% 100.000000% Class B-1 2,602,209.12 0.65018574% 2,557,654.74 0.67720747% 0.626848% 0.000000% Class B-2 1,601,209.12 0.40007674% 1,573,793.62 0.41670394% 0.261339% 0.000000% Class B-3 1,001,209.12 0.25016125% 984,066.68 0.26055796% 0.156647% 0.000000% Class B-4 601,209.12 0.15021760% 590,915.38 0.15646064% 0.104431% 0.000000% Class B-5 401,209.12 0.10024577% 394,339.73 0.10441199% 0.052216% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.104747% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Fixed 15 Year Weighted Average Gross Coupon 6.462936% Weighted Average Pass-Through Rate 6.000000% Weighted Average Maturity(Stepdown Calculation ) 172 Beginning Scheduled Collateral Loan Count 833 Number Of Loans Paid In Full 11 Ending Scheduled Collateral Loan Count 822 Beginning Scheduled Collateral Balance 386,103,554.28 Ending Scheduled Collateral Balance 377,676,687.61 Ending Actual Collateral Balance at 31-Jul-2002 382,773,230.82 Ending Scheduled Balance For Wells Fargo Serviced 376,940,482.60 Ending Scheduled Balance For Other Servicers 736,205.01 Monthly P &I Constant 3,383,934.45 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,303,042.75 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 288,036,714.45 Ending scheduled Balance For discounted Loans 89,639,973.16 Scheduled Principal 1,345,906.12 Unscheduled Principal 7,080,960.55 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 375,127,507.93 Greater Than 80%, less than or equal to 85% 374,609.42 Greater than 85%, less than or equal to 95% 2,145,955.75 Greater than 95% 0.00
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