-----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, Mg1plS6biytGwl3FT7g5XffT0iLBCeBa1w2FEfqpYEO4+NzmqG8VM9aC6TlCLuUq dMGd+pyYul5XmWgEou3JyQ== 0001056404-03-001417.txt : 20030811 0001056404-03-001417.hdr.sgml : 20030811 20030808181738 ACCESSION NUMBER: 0001056404-03-001417 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO MORTGAGE BACKED SECURITIES 2003-B TRUST CENTRAL INDEX KEY: 0001220664 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: 333-98129-12 FILM NUMBER: 03832863 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 8-K 1 wfm0300b.txt JULY 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): July 25, 2003 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-B Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-98129-12 02-0686992 Pooling and Servicing Agreement) (Commission 02-0687019 (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 July 25, 2003 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-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 2003-B Trust, relating to the July 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-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: 7/29/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-B Trust, relating to the July 25, 2003 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/25/03 WFMBS Series: 2003-B 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 94980UAA8 SEQ 4.15000% 154,967,855.15 535,930.50 16,896,321.53 A-2 94980UAB6 SEQ 4.75000% 137,836,158.76 545,601.46 15,028,433.18 A-3 94980UAC4 SEQ 0.82100% 0.00 200,325.49 0.00 A-R 94980UAE0 SEQ 5.23414% 0.00 0.00 0.00 ALR 94980UAD2 SEQ 5.23414% 0.00 0.00 0.00 B-1 94980UAF7 SUB 5.25344% 4,710,449.67 20,621.73 3,687.31 B-2 94980UAG5 SUB 5.25344% 2,268,511.10 9,931.24 1,775.78 B-3 94980UAH3 SUB 5.25344% 1,046,545.10 4,581.64 819.23 B-4 94980UAJ9 SUB 5.25344% 697,696.73 3,054.42 546.15 B-5 94980UAK6 SUB 5.25344% 523,272.55 2,290.82 409.61 B-6 94980UAL4 SUB 5.25344% 698,820.36 3,059.34 547.03 Totals 302,749,309.42 1,325,396.64 31,932,539.82
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 138,071,533.62 17,432,252.03 0.00 A-2 0.00 122,807,725.58 15,574,034.64 0.00 A-3 0.00 0.00 200,325.49 0.00 A-R 0.00 0.00 0.00 0.00 ALR 0.00 0.00 0.00 0.00 B-1 0.00 4,706,762.36 24,309.04 0.00 B-2 0.00 2,266,735.32 11,707.02 0.00 B-3 0.00 1,045,725.87 5,400.87 0.00 B-4 0.00 697,150.58 3,600.57 0.00 B-5 0.00 522,862.94 2,700.43 0.00 B-6 0.00 698,273.32 3,606.37 0.00 Totals 0.00 270,816,769.59 33,257,936.46 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-1 180,000,000.00 154,967,855.15 121,307.82 16,775,013.70 0.00 0.00 A-2 160,101,000.00 137,836,158.76 107,897.24 14,920,535.94 0.00 0.00 A-3 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 ALR 50.00 0.00 0.00 0.00 0.00 0.00 B-1 4,726,000.00 4,710,449.67 3,687.31 0.00 0.00 0.00 B-2 2,276,000.00 2,268,511.10 1,775.78 0.00 0.00 0.00 B-3 1,050,000.00 1,046,545.10 819.23 0.00 0.00 0.00 B-4 700,000.00 697,696.73 546.15 0.00 0.00 0.00 B-5 525,000.00 523,272.55 409.61 0.00 0.00 0.00 B-6 701,127.33 698,820.36 547.03 0.00 0.00 0.00 Totals 350,079,227.33 302,749,309.42 236,990.17 31,695,549.64 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 16,896,321.53 138,071,533.62 0.76706408 16,896,321.53 A-2 15,028,433.18 122,807,725.58 0.76706408 15,028,433.18 A-3 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ALR 0.00 0.00 0.00000000 0.00 B-1 3,687.31 4,706,762.36 0.99592940 3,687.31 B-2 1,775.78 2,266,735.32 0.99592940 1,775.78 B-3 819.23 1,045,725.87 0.99592940 819.23 B-4 546.15 697,150.58 0.99592940 546.15 B-5 409.61 522,862.94 0.99592941 409.61 B-6 547.03 698,273.32 0.99592940 547.03 Totals 31,932,539.82 270,816,769.59 0.77358709 31,932,539.82
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 180,000,000.00 860.93252861 0.67393233 93.19452056 0.00000000 A-2 160,101,000.00 860.93252859 0.67393233 93.19452058 0.00000000 A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,726,000.00 996.70962124 0.78021794 0.00000000 0.00000000 B-2 2,276,000.00 996.70962214 0.78021968 0.00000000 0.00000000 B-3 1,050,000.00 996.70961905 0.78021905 0.00000000 0.00000000 B-4 700,000.00 996.70961429 0.78021429 0.00000000 0.00000000 B-5 525,000.00 996.70961905 0.78020952 0.00000000 0.00000000 B-6 701,127.33 996.70962762 0.78021491 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 93.86845294 767.06407567 0.76706408 93.86845294 A-2 0.00000000 93.86845291 767.06407568 0.76706408 93.86845291 A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.78021794 995.92940330 0.99592940 0.78021794 B-2 0.00000000 0.78021968 995.92940246 0.99592940 0.78021968 B-3 0.00000000 0.78021905 995.92940000 0.99592940 0.78021905 B-4 0.00000000 0.78021429 995.92940000 0.99592940 0.78021429 B-5 0.00000000 0.78020952 995.92940952 0.99592941 0.78020952 B-6 0.00000000 0.78021491 995.92939844 0.99592940 0.78021491 (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-1 180,000,000.00 4.15000% 154,967,855.15 535,930.50 0.00 0.00 A-2 160,101,000.00 4.75000% 137,836,158.76 545,601.46 0.00 0.00 A-3 0.00 0.82100% 292,804,013.91 200,325.49 0.00 0.00 A-R 50.00 5.23414% 0.00 0.00 0.00 0.00 ALR 50.00 5.23414% 0.00 0.00 0.00 0.00 B-1 4,726,000.00 5.25344% 4,710,449.67 20,621.73 0.00 0.00 B-2 2,276,000.00 5.25344% 2,268,511.10 9,931.24 0.00 0.00 B-3 1,050,000.00 5.25344% 1,046,545.10 4,581.64 0.00 0.00 B-4 700,000.00 5.25344% 697,696.73 3,054.42 0.00 0.00 B-5 525,000.00 5.25344% 523,272.55 2,290.82 0.00 0.00 B-6 701,127.33 5.25344% 698,820.36 3,059.34 0.00 0.00 Totals 350,079,227.33 1,325,396.64 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 0.00 535,930.50 0.00 138,071,533.62 A-2 0.00 0.00 545,601.46 0.00 122,807,725.58 A-3 0.00 0.00 200,325.49 0.00 260,879,259.20 A-R 0.00 0.00 0.00 0.00 0.00 ALR 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 20,621.73 0.00 4,706,762.36 B-2 0.00 0.00 9,931.24 0.00 2,266,735.32 B-3 0.00 0.00 4,581.64 0.00 1,045,725.87 B-4 0.00 0.00 3,054.42 0.00 697,150.58 B-5 0.00 0.00 2,290.82 0.00 522,862.94 B-6 0.00 0.00 3,059.34 0.00 698,273.32 Totals 0.00 0.00 1,325,396.64 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-1 180,000,000.00 4.15000% 860.93252861 2.97739167 0.00000000 0.00000000 A-2 160,101,000.00 4.75000% 860.93252859 3.40785791 0.00000000 0.00000000 A-3 0.00 0.82100% 860.93252860 0.58901764 0.00000000 0.00000000 A-R 50.00 5.23414% 0.00000000 0.00000000 0.00000000 0.00000000 ALR 50.00 5.23414% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,726,000.00 5.25344% 996.70962124 4.36346382 0.00000000 0.00000000 B-2 2,276,000.00 5.25344% 996.70962214 4.36346221 0.00000000 0.00000000 B-3 1,050,000.00 5.25344% 996.70961905 4.36346667 0.00000000 0.00000000 B-4 700,000.00 5.25344% 996.70961429 4.36345714 0.00000000 0.00000000 B-5 525,000.00 5.25344% 996.70961905 4.36346667 0.00000000 0.00000000 B-6 701,127.33 5.25344% 996.70962762 4.36345849 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 2.97739167 0.00000000 767.06407567 A-2 0.00000000 0.00000000 3.40785791 0.00000000 767.06407568 A-3 0.00000000 0.00000000 0.58901764 0.00000000 767.06407567 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.36346382 0.00000000 995.92940330 B-2 0.00000000 0.00000000 4.36346221 0.00000000 995.92940246 B-3 0.00000000 0.00000000 4.36346667 0.00000000 995.92940000 B-4 0.00000000 0.00000000 4.36345714 0.00000000 995.92940000 B-5 0.00000000 0.00000000 4.36346667 0.00000000 995.92940952 B-6 0.00000000 0.00000000 4.36345849 0.00000000 995.92939844 (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 30,756.74 Deposits Payments of Interest and Principal 33,282,416.56 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 23,361.01 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 33,305,777.57 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 78,597.83 Payment of Interest and Principal 33,257,936.47 Total Withdrawals (Pool Distribution Amount) 33,336,534.30 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 18,534.16 Servicing Fee Support 18,534.16 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 94,609.09 Master Servicing Fee 2,522.91 Supported Prepayment/Curtailment Interest Shortfall 18,534.16 Net Servicing Fee 78,597.83
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 3 0 0 0 3 1,534,748.70 0.00 0.00 0.00 1,534,748.70 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 3 0 0 0 3 1,534,748.70 0.00 0.00 0.00 1,534,748.70 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 0.511073% 0.000000% 0.000000% 0.000000% 0.511073% 0.624401% 0.000000% 0.000000% 0.000000% 0.624401% 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 0.511073% 0.000000% 0.000000% 0.000000% 0.511073% 0.624401% 0.000000% 0.000000% 0.000000% 0.624401%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 97,333.52
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 9,978,127.33 2.85024833% 9,937,510.39 3.66945902% 96.330541% 100.000000% Class B-1 5,252,127.33 1.50026820% 5,230,748.03 1.93147124% 1.737988% 0.000000% Class B-2 2,976,127.33 0.85012966% 2,964,012.71 1.09447163% 0.837000% 0.000000% Class B-3 1,926,127.33 0.55019755% 1,918,286.84 0.70833385% 0.386138% 0.000000% Class B-4 1,226,127.33 0.35024281% 1,221,136.26 0.45090866% 0.257425% 0.000000% Class B-5 701,127.33 0.20027676% 698,273.32 0.25783976% 0.193069% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.257840% 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 5.631918% Weighted Average Net Coupon 5.246918% Weighted Average Pass-Through Rate 5.246918% Weighted Average Maturity(Stepdown Calculation ) 352 Beginning Scheduled Collateral Loan Count 649 Number Of Loans Paid In Full 62 Ending Scheduled Collateral Loan Count 587 Beginning Scheduled Collateral Balance 302,749,309.43 Ending Scheduled Collateral Balance 270,816,769.61 Ending Actual Collateral Balance at 30-Jun-2003 245,795,203.32 Monthly P &I Constant 1,685,610.18 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 33,206,612.16 Ending Scheduled Balance for Premium Loans 270,816,769.61 Scheduled Principal 236,990.18 Unscheduled Principal 31,695,549.64 Unpaid Principal Balance Of Outstanding Mortgage Loans With Or Less Than Or Equal To 80% 266,968,100.67 Greater Than 80%, less than or equal to 85% 700,311.07 Greater than 85%, less than or equal to 95% 3,150,904.67 Greater than 95% 0.00
-----END PRIVACY-ENHANCED MESSAGE-----