-----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, Cpkg8gV4DBg3I0slk0K/xk2XNeXaX6yFqyOPAVMK2KmVoPMoQreIPU9UPKQfrxeF y5dtH/xkgg7Jl9oqc41law== 0001056404-03-001090.txt : 20030703 0001056404-03-001090.hdr.sgml : 20030703 20030703092306 ACCESSION NUMBER: 0001056404-03-001090 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030625 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO ASSET SEC CORP MORTGAGE PASS THR CERT SER 2003-D CENTRAL INDEX KEY: 0001219658 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: 333-98129-11 FILM NUMBER: 03773782 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 8-K 1 wfm0300d.txt JUNE 8-K 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): June 25, 2003 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-D Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-98129-11 02-0686997 Pooling and Servicing Agreement) (Commission (State or other File Number) jurisdiction IRS EIN 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 June 25, 2003 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-D 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 2003-D Trust, relating to the June 25, 2003 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 2003-D 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: 6/27/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-D Trust, relating to the June 25, 2003 distribution.
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 5/31/03 Distribution Date: 6/25/03 WFMBS Series: 2003-D 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-1 949911AA9 SEQ 4.91810% 347,231,481.02 1,423,097.96 20,938,379.74 A-R 949911AB7 SEQ 4.91146% 0.00 0.00 0.00 B-1 949911AC5 SUB 4.91810% 5,790,136.61 23,730.37 4,942.55 B-2 949911AD3 SUB 4.91810% 1,996,873.99 8,184.01 1,704.56 B-3 949911AE1 SUB 4.91810% 997,439.55 4,087.92 851.43 B-4 949911AF8 SUB 4.91810% 798,949.08 3,274.42 682.00 B-5 949911AG6 SUB 4.91810% 599,461.17 2,456.84 511.71 B-6 949911AH4 SUB 4.91810% 599,086.80 2,455.31 511.39 Totals 358,013,428.22 1,467,286.83 20,947,583.38
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 326,293,101.28 22,361,477.70 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 5,785,194.05 28,672.92 0.00 B-2 0.00 1,995,169.42 9,888.57 0.00 B-3 0.00 996,588.12 4,939.35 0.00 B-4 0.00 798,267.09 3,956.42 0.00 B-5 0.00 598,949.46 2,968.55 0.00 B-6 0.00 598,575.41 2,966.70 0.00 Totals 0.00 337,065,844.83 22,414,870.21 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-1 389,522,000.00 347,231,481.02 296,402.36 20,641,977.38 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 5,805,000.00 5,790,136.61 4,942.55 0.00 0.00 0.00 B-2 2,002,000.00 1,996,873.99 1,704.56 0.00 0.00 0.00 B-3 1,000,000.00 997,439.55 851.43 0.00 0.00 0.00 B-4 801,000.00 798,949.08 682.00 0.00 0.00 0.00 B-5 601,000.00 599,461.17 511.71 0.00 0.00 0.00 B-6 600,624.67 599,086.80 511.39 0.00 0.00 0.00 Totals 400,331,724.67 358,013,428.22 305,606.00 20,641,977.38 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 20,938,379.74 326,293,101.28 0.83767567 20,938,379.74 A-R 0.00 0.00 0.00000000 0.00 B-1 4,942.55 5,785,194.05 0.99658812 4,942.55 B-2 1,704.56 1,995,169.42 0.99658812 1,704.56 B-3 851.43 996,588.12 0.99658812 851.43 B-4 682.00 798,267.09 0.99658813 682.00 B-5 511.71 598,949.46 0.99658812 511.71 B-6 511.39 598,575.41 0.99658812 511.39 Totals 20,947,583.38 337,065,844.83 0.84196636 20,947,583.38
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 389,522,000.00 891.42970364 0.76093869 52.99309764 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,805,000.00 997.43955383 0.85142980 0.00000000 0.00000000 B-2 2,002,000.00 997.43955544 0.85142857 0.00000000 0.00000000 B-3 1,000,000.00 997.43955000 0.85143000 0.00000000 0.00000000 B-4 801,000.00 997.43955056 0.85143571 0.00000000 0.00000000 B-5 601,000.00 997.43955075 0.85143095 0.00000000 0.00000000 B-6 600,624.67 997.43954906 0.85143023 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-1 0.00000000 53.75403633 837.67566731 0.83767567 53.75403633 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.85142980 996.58812231 0.99658812 0.85142980 B-2 0.00000000 0.85142857 996.58812188 0.99658812 0.85142857 B-3 0.00000000 0.85143000 996.58812000 0.99658812 0.85143000 B-4 0.00000000 0.85143571 996.58812734 0.99658813 0.85143571 B-5 0.00000000 0.85143095 996.58811980 0.99658812 0.85143095 B-6 0.00000000 0.85143023 996.58811883 0.99658812 0.85143023 (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-1 389,522,000.00 4.91810% 347,231,481.02 1,423,097.96 0.00 0.00 A-R 100.00 4.91146% 0.00 0.00 0.00 0.00 B-1 5,805,000.00 4.91810% 5,790,136.61 23,730.37 0.00 0.00 B-2 2,002,000.00 4.91810% 1,996,873.99 8,184.01 0.00 0.00 B-3 1,000,000.00 4.91810% 997,439.55 4,087.92 0.00 0.00 B-4 801,000.00 4.91810% 798,949.08 3,274.42 0.00 0.00 B-5 601,000.00 4.91810% 599,461.17 2,456.84 0.00 0.00 B-6 600,624.67 4.91810% 599,086.80 2,455.31 0.00 0.00 Totals 400,331,724.67 1,467,286.83 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 1,423,097.96 0.00 326,293,101.28 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 23,730.37 0.00 5,785,194.05 B-2 0.00 0.00 8,184.01 0.00 1,995,169.42 B-3 0.00 0.00 4,087.92 0.00 996,588.12 B-4 0.00 0.00 3,274.42 0.00 798,267.09 B-5 0.00 0.00 2,456.84 0.00 598,949.46 B-6 0.00 0.00 2,455.31 0.00 598,575.41 Totals 0.00 0.00 1,467,286.83 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-1 389,522,000.00 4.91810% 891.42970364 3.65344694 0.00000000 0.00000000 A-R 100.00 4.91146% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,805,000.00 4.91810% 997.43955383 4.08791904 0.00000000 0.00000000 B-2 2,002,000.00 4.91810% 997.43955544 4.08791708 0.00000000 0.00000000 B-3 1,000,000.00 4.91810% 997.43955000 4.08792000 0.00000000 0.00000000 B-4 801,000.00 4.91810% 997.43955056 4.08791511 0.00000000 0.00000000 B-5 601,000.00 4.91810% 997.43955075 4.08792013 0.00000000 0.00000000 B-6 600,624.67 4.91810% 997.43954906 4.08792732 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 3.65344694 0.00000000 837.67566731 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.08791904 0.00000000 996.58812231 B-2 0.00000000 0.00000000 4.08791708 0.00000000 996.58812188 B-3 0.00000000 0.00000000 4.08792000 0.00000000 996.58812000 B-4 0.00000000 0.00000000 4.08791511 0.00000000 996.58812734 B-5 0.00000000 0.00000000 4.08792013 0.00000000 996.58811980 B-6 0.00000000 0.00000000 4.08792732 0.00000000 996.58811883 (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 51,955.96 Deposits Payments of Interest and Principal 22,546,865.88 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 22,546,865.88 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 106,349.26 Payment of Interest and Principal 22,414,870.22 Total Withdrawals (Pool Distribution Amount) 22,521,219.48 Ending Balance 77,602.37
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 8,512.90 Servicing Fee Support 8,512.90 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 111,878.73 Master Servicing Fee 2,983.43 Supported Prepayment/Curtailment Interest Shortfall 8,512.90 Net Servicing Fee 106,349.26
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 49,208.32
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 10,809,624.67 2.70016689% 10,772,743.55 3.19603535% 96.803965% 100.000000% Class B-1 5,004,624.67 1.25011943% 4,987,549.50 1.47969590% 1.716339% 0.000000% Class B-2 3,002,624.67 0.75003416% 2,992,380.08 0.88777315% 0.591923% 0.000000% Class B-3 2,002,624.67 0.50024131% 1,995,791.96 0.59210744% 0.295666% 0.000000% Class B-4 1,201,624.67 0.30015724% 1,197,524.87 0.35527921% 0.236828% 0.000000% Class B-5 600,624.67 0.15003174% 598,575.41 0.17758412% 0.177695% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.177584% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description 5/1 CMT ARM Weighted Average Gross Coupon 5.303116% Weighted Average Net Coupon 4.918116% Weighted Average Pass-Through Rate 4.918116% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 777 Number Of Loans Paid In Full 43 Ending Scheduled Collateral Loan Count 734 Beginning Scheduled Collateral Balance 358,013,428.22 Ending Scheduled Collateral Balance 337,065,844.84 Ending Actual Collateral Balance at 31-May-2003 316,117,946.31 Monthly P &I Constant 1,907,781.45 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 22,361,477.70 Ending Scheduled Balance for Premium Loans 337,065,844.84 Scheduled Principal 305,606.00 Unscheduled Principal 20,641,977.38 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 331,280,242.41 Greater Than 80%, less than or equal to 85% 1,130,942.68 Greater than 85%, less than or equal to 95% 4,647,143.52 Greater than 95% 0.00
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