-----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, P8rJe6CFtMQ5w2VEB7FpdDOfnsYHh2TJLNsEISpfcN+PeeLK9P2Vtr94xxKmZEfI QmOsOgW3zhVF+TaqShLdnQ== 0001056404-02-001486.txt : 20021204 0001056404-02-001486.hdr.sgml : 20021204 20021204165003 ACCESSION NUMBER: 0001056404-02-001486 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021125 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO MORTGAGE BACKED SECURITIES 2002-B TRUST CENTRAL INDEX KEY: 0001174458 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: 333-74308-13 FILM NUMBER: 02848985 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 8-K 1 wfm0200b.txt NOVEMBER 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): November 25, 2002 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-B Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-74308-13 Pooling and Servicing Agreement) (Commission 01-0725393 (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 November 25, 2002 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-B 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-B Trust, relating to the November 25, 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-B Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-B Trust, relating to the November 25, 2002 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 10/31/02 Distribution Date: 11/25/02 WFMBS Series: 2002-B Contact: Customer Service - SecuritiesLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 94978MAA0 SEQ 6.15000% 84,393,979.55 432,519.15 1,771,416.96 A-2 94978MAB8 SEQ 6.15000% 51,501,536.68 263,945.38 15,776,493.03 A-3 94978MAC6 PO 0.00000% 3,519,451.02 0.00 194,195.75 A-4 94978MAD4 IO 0.22046% 0.00 12,952.75 0.00 A-R 94978MAK8 RES 6.15000% 0.00 97.61 0.00 B-1 94978MAM4 SUB 6.15000% 2,769,202.45 14,192.16 2,057.04 B-2 94978MAN2 SUB 6.15000% 1,087,758.66 5,574.76 808.02 B-3 94978MAP7 SUB 6.15000% 790,916.10 4,053.44 587.51 B-4 94978MAQ5 SUB 6.15000% 295,846.45 1,516.21 219.76 B-5 94978MAR3 SUB 6.15000% 395,458.05 2,026.72 293.76 B-6 94978MAS1 SUB 6.15000% 299,868.16 1,536.82 222.75 Totals 145,054,017.12 738,415.00 17,746,294.58
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 82,622,562.59 2,203,936.11 0.00 A-2 0.00 35,725,043.66 16,040,438.41 0.00 A-3 0.00 3,325,255.27 194,195.75 0.00 A-4 0.00 0.00 12,952.75 0.00 A-R 0.00 0.00 97.61 0.00 B-1 0.00 2,767,145.41 16,249.20 0.00 B-2 0.00 1,086,950.64 6,382.78 0.00 B-3 0.00 790,328.58 4,640.95 0.00 B-4 0.00 295,626.69 1,735.97 0.00 B-5 0.00 395,164.29 2,320.48 0.00 B-6 0.00 299,645.41 1,759.57 0.40 Totals 0.00 127,307,722.54 18,484,709.58 0.40 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-1 93,497,000.00 84,393,979.55 10,156.04 1,761,260.91 0.00 0.00 A-2 95,640,000.00 51,501,536.68 90,451.16 15,686,041.86 0.00 0.00 A-3 3,831,607.77 3,519,451.02 3,081.23 191,114.52 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-R 50.00 0.00 0.00 0.00 0.00 0.00 B-1 2,780,000.00 2,769,202.45 2,057.04 0.00 0.00 0.00 B-2 1,092,000.00 1,087,758.66 808.02 0.00 0.00 0.00 B-3 794,000.00 790,916.10 587.51 0.00 0.00 0.00 B-4 297,000.00 295,846.45 219.76 0.00 0.00 0.00 B-5 397,000.00 395,458.05 293.76 0.00 0.00 0.00 B-6 301,037.80 299,868.16 222.75 0.00 0.00 0.00 Totals 198,629,695.57 145,054,017.12 107,877.27 17,638,417.29 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-1 1,771,416.96 82,622,562.59 0.88369212 1,771,416.96 A-2 15,776,493.03 35,725,043.66 0.37353663 15,776,493.03 A-3 194,195.75 3,325,255.27 0.86784856 194,195.75 A-4 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 2,057.04 2,767,145.41 0.99537605 2,057.04 B-2 808.02 1,086,950.64 0.99537604 808.02 B-3 587.51 790,328.58 0.99537605 587.51 B-4 219.76 295,626.69 0.99537606 219.76 B-5 293.76 395,164.29 0.99537605 293.76 B-6 222.75 299,645.41 0.99537470 222.75 Totals 17,746,294.58 127,307,722.54 0.64092996 17,746,294.58
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 93,497,000.00 902.63836861 0.10862423 18.83761950 0.00000000 A-2 95,640,000.00 538.49369176 0.94574613 164.01131179 0.00000000 A-3 3,831,607.77 918.53113138 0.80416112 49.87841436 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,780,000.00 996.11598921 0.73994245 0.00000000 0.00000000 B-2 1,092,000.00 996.11598901 0.73994505 0.00000000 0.00000000 B-3 794,000.00 996.11599496 0.73993703 0.00000000 0.00000000 B-4 297,000.00 996.11599327 0.73993266 0.00000000 0.00000000 B-5 397,000.00 996.11599496 0.73994962 0.00000000 0.00000000 B-6 301,037.80 996.11464075 0.73994030 0.00000000 0.00000000 Per $1,000 Denominations.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 18.94624384 883.69212477 0.88369212 18.94624384 A-2 0.00000000 164.95705803 373.53663384 0.37353663 164.95705803 A-3 0.00000000 50.68257548 867.84855591 0.86784856 50.68257548 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.73994245 995.37604676 0.99537605 0.73994245 B-2 0.00000000 0.73994505 995.37604396 0.99537604 0.73994505 B-3 0.00000000 0.73993703 995.37604534 0.99537605 0.73993703 B-4 0.00000000 0.73993266 995.37606061 0.99537606 0.73993266 B-5 0.00000000 0.73994962 995.37604534 0.99537605 0.73994962 B-6 0.00000000 0.73994030 995.37470045 0.99537470 0.73994030 (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-1 93,497,000.00 6.15000% 84,393,979.55 432,519.15 0.00 0.00 A-2 95,640,000.00 6.15000% 51,501,536.68 263,945.38 0.00 0.00 A-3 3,831,607.77 0.00000% 3,519,451.02 0.00 0.00 0.00 A-4 0.00 0.22046% 70,504,243.32 12,952.75 0.00 0.00 A-R 50.00 6.15000% 0.00 0.00 0.00 0.00 B-1 2,780,000.00 6.15000% 2,769,202.45 14,192.16 0.00 0.00 B-2 1,092,000.00 6.15000% 1,087,758.66 5,574.76 0.00 0.00 B-3 794,000.00 6.15000% 790,916.10 4,053.44 0.00 0.00 B-4 297,000.00 6.15000% 295,846.45 1,516.21 0.00 0.00 B-5 397,000.00 6.15000% 395,458.05 2,026.72 0.00 0.00 B-6 301,037.80 6.15000% 299,868.16 1,536.82 0.00 0.00 Totals 198,629,695.57 738,317.39 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-1 0.00 0.00 432,519.15 0.00 82,622,562.59 A-2 0.00 0.00 263,945.38 0.00 35,725,043.66 A-3 0.00 0.00 0.00 0.00 3,325,255.27 A-4 0.00 0.00 12,952.75 0.00 62,517,158.75 A-R 0.00 0.00 97.61 0.00 0.00 B-1 0.00 0.00 14,192.16 0.00 2,767,145.41 B-2 0.00 0.00 5,574.76 0.00 1,086,950.64 B-3 0.00 0.00 4,053.44 0.00 790,328.58 B-4 0.00 0.00 1,516.21 0.00 295,626.69 B-5 0.00 0.00 2,026.72 0.00 395,164.29 B-6 0.00 0.00 1,536.82 0.00 299,645.41 Totals 0.00 0.00 738,415.00 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-1 93,497,000.00 6.15000% 902.63836861 4.62602169 0.00000000 0.00000000 A-2 95,640,000.00 6.15000% 538.49369176 2.75978022 0.00000000 0.00000000 A-3 3,831,607.77 0.00000% 918.53113138 0.00000000 0.00000000 0.00000000 A-4 0.00 0.22046% 647.40339844 0.11893829 0.00000000 0.00000000 A-R 50.00 6.15000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,780,000.00 6.15000% 996.11598921 5.10509353 0.00000000 0.00000000 B-2 1,092,000.00 6.15000% 996.11598901 5.10509158 0.00000000 0.00000000 B-3 794,000.00 6.15000% 996.11599496 5.10508816 0.00000000 0.00000000 B-4 297,000.00 6.15000% 996.11599327 5.10508418 0.00000000 0.00000000 B-5 397,000.00 6.15000% 996.11599496 5.10508816 0.00000000 0.00000000 B-6 301,037.80 6.15000% 996.11464075 5.10507318 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-1 0.00000000 0.00000000 4.62602169 0.00000000 883.69212477 A-2 0.00000000 0.00000000 2.75978022 0.00000000 373.53663384 A-3 0.00000000 0.00000000 0.00000000 0.00000000 867.84855591 A-4 0.00000000 0.00000000 0.11893829 0.00000000 574.06220008 A-R 0.00000000 0.00000000 1952.20000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 5.10509353 0.00000000 995.37604676 B-2 0.00000000 0.00000000 5.10509158 0.00000000 995.37604396 B-3 0.00000000 0.00000000 5.10508816 0.00000000 995.37604534 B-4 0.00000000 0.00000000 5.10508418 0.00000000 995.37606061 B-5 0.00000000 0.00000000 5.10508816 0.00000000 995.37604534 B-6 0.00000000 0.00000000 5.10507318 0.00000000 995.37470045 (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 0.00 Deposits Payments of Interest and Principal 18,431,781.63 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 117,820.32 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 18,549,601.95 Withdrawals Reimbursement for Servicer Advances 27,873.85 Payment of Service Fee 37,018.51 Payment of Interest and Principal 18,484,709.59 Total Withdrawals (Pool Distribution Amount) 18,549,601.95 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 10,365.80 Servicing Fee Support 10,365.80 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 45,329.38 Master Servicing Fee 2,054.93 Supported Prepayment/Curtailment Interest Shortfall 10,365.80 Net Servicing Fee 37,018.51
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 1 0 0 0 1 378,462.45 0.00 0.00 0.00 378,462.45 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 1 0 0 0 1 378,462.45 0.00 0.00 0.00 378,462.45 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 0.361011% 0.000000% 0.000000% 0.000000% 0.361011% 0.280369% 0.000000% 0.000000% 0.000000% 0.280369% 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 0.361011% 0.000000% 0.000000% 0.000000% 0.361011% 0.280369% 0.000000% 0.000000% 0.000000% 0.280369%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 123,109.54
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 5,661,037.80 2.85004605% 5,634,861.02 4.42617375% 95.573826% 100.000000% Class B-1 2,881,037.80 1.45045674% 2,867,715.61 2.25258574% 2.173588% 0.000000% Class B-2 1,789,037.80 0.90069000% 1,780,764.97 1.39878786% 0.853798% 0.000000% Class B-3 995,037.80 0.50095118% 990,436.39 0.77798610% 0.620802% 0.000000% Class B-4 698,037.80 0.35142671% 694,809.70 0.54577184% 0.232214% 0.000000% Class B-5 301,037.80 0.15155730% 299,645.41 0.23537096% 0.310401% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.235371% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description 7/1 CMT ARM Weighted Average Gross Coupon 6.500745% Weighted Average Net Coupon 6.108745% Weighted Average Pass-Through Rate 6.108745% Weighted Average Maturity(Stepdown Calculation ) 352 Beginning Scheduled Collateral Loan Count 311 Number Of Loans Paid In Full 34 Ending Scheduled Collateral Loan Count 277 Beginning Scheduled Collateral Balance 145,054,017.53 Ending Scheduled Collateral Balance 127,307,722.95 Ending Actual Collateral Balance at 31-Oct-2002 134,987,446.24 Monthly P &I Constant 907,733.01 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 18,451,523.01 Ending Scheduled Balance for Premium Loans 62,517,158.75 Ending scheduled Balance For discounted Loans 64,790,564.20 Scheduled Principal 107,877.28 Unscheduled Principal 17,638,417.30 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 124,928,407.25 Greater Than 80%, less than or equal to 85% 0.00 Greater than 85%, less than or equal to 95% 2,396,217.98 Greater than 95% 0.00
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