-----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, JT2nIVFoO6ewqvPSyxu8vPTgn5g3LprzDiK22KLrTCYgtwuVm7vlo2EY/N/iWfFI TVEsbIggCVLOtjNyawYFQg== 0001056404-03-001796.txt : 20031006 0001056404-03-001796.hdr.sgml : 20031006 20031006111805 ACCESSION NUMBER: 0001056404-03-001796 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031006 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO MORTGAGE BACK SECURITIES 2003-E CENTRAL INDEX KEY: 0001236307 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-98129-18 FILM NUMBER: 03929099 BUSINESS ADDRESS: STREET 1: 90662 OLD ANNAPOLIS ROAD CITY: COLUMBIA STATE: MD ZIP: 21045-1951 BUSINESS PHONE: 41088422000 8-K 1 wfm0300e.txt SEPTEMBER 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): September 25, 2003 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-E Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-98129-18 54-2120421 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 September 25, 2003 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-E 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-E Trust, relating to the September 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-E 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: 9/29/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-E Trust, relating to the September 25, 2003 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 WFMBS Series: 2003-E 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 949783AA2 SEQ 5.00000% 86,913,899.25 362,134.12 5,498,802.41 A-2 949783AB0 SEQ 0.00000% 1,895,265.27 0.00 58,922.31 A-3 949783AC8 SEQ 5.00000% 22,883,118.85 95,344.45 1,447,751.74 A-4 949783AD6 SEQ 5.00000% 38,138.53 158.91 2,412.92 A-WIO 949783AE4 NOT 0.28718% 0.00 16,408.99 0.00 A-R 949783AF1 SEQ 5.00000% 0.00 0.00 0.00 B-1 949783AG9 SUB 5.00000% 2,400,486.81 10,001.83 2,598.29 B-2 949783AH7 SUB 5.00000% 675,884.58 2,816.13 731.58 B-3 949783AJ3 SUB 5.00000% 525,355.71 2,188.94 568.65 B-4 949783AK0 SUB 5.00000% 225,294.86 938.71 243.86 B-5 949783AL8 SUB 5.00000% 224,297.98 934.56 242.78 B-6 949783AM6 SUB 5.00000% 225,965.40 941.50 244.11 Totals 116,007,707.24 491,868.14 7,012,518.65
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 81,415,096.84 5,860,936.53 0.00 A-2 0.00 1,836,342.96 58,922.31 0.00 A-3 0.00 21,435,367.11 1,543,096.19 0.00 A-4 0.00 35,725.61 2,571.83 0.00 A-WIO 0.00 0.00 16,408.99 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 2,397,888.52 12,600.12 0.00 B-2 0.00 675,153.00 3,547.71 0.00 B-3 0.00 524,787.06 2,757.59 0.00 B-4 0.00 225,051.00 1,182.57 0.00 B-5 0.00 224,055.20 1,177.34 0.00 B-6 0.00 225,721.29 1,185.61 1.22 Totals 0.00 108,995,188.59 7,504,386.79 1.22 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-1 113,945,000.00 86,913,899.25 94,075.85 5,404,726.56 0.00 0.00 A-2 2,250,820.51 1,895,265.27 2,360.57 56,561.74 0.00 0.00 A-3 30,000,000.00 22,883,118.85 24,768.75 1,422,982.99 0.00 0.00 A-4 50,000.00 38,138.53 41.28 2,371.64 0.00 0.00 A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 2,408,000.00 2,400,486.81 2,598.29 0.00 0.00 0.00 B-2 678,000.00 675,884.58 731.58 0.00 0.00 0.00 B-3 527,000.00 525,355.71 568.65 0.00 0.00 0.00 B-4 226,000.00 225,294.86 243.86 0.00 0.00 0.00 B-5 225,000.00 224,297.98 242.78 0.00 0.00 0.00 B-6 226,673.86 225,965.40 244.11 0.00 0.00 0.00 Totals 150,536,594.37 116,007,707.24 125,875.72 6,886,642.93 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 5,498,802.41 81,415,096.84 0.71451224 5,498,802.41 A-2 58,922.31 1,836,342.96 0.81585491 58,922.31 A-3 1,447,751.74 21,435,367.11 0.71451224 1,447,751.74 A-4 2,412.92 35,725.61 0.71451220 2,412.92 A-WIO 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 2,598.29 2,397,888.52 0.99580088 2,598.29 B-2 731.58 675,153.00 0.99580088 731.58 B-3 568.65 524,787.06 0.99580087 568.65 B-4 243.86 225,051.00 0.99580088 243.86 B-5 242.78 224,055.20 0.99580089 242.78 B-6 244.11 225,721.29 0.99579762 244.11 Totals 7,012,518.65 108,995,188.59 0.72404447 7,012,518.65
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 113,945,000.00 762.77062837 0.82562508 47.43276633 0.00000000 A-2 2,250,820.51 842.03305487 1.04875977 25.12938715 0.00000000 A-3 30,000,000.00 762.77062833 0.82562500 47.43276633 0.00000000 A-4 50,000.00 762.77060000 0.82560000 47.43280000 0.00000000 A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,408,000.00 996.87990449 1.07902409 0.00000000 0.00000000 B-2 678,000.00 996.87991150 1.07902655 0.00000000 0.00000000 B-3 527,000.00 996.87990512 1.07903226 0.00000000 0.00000000 B-4 226,000.00 996.87991150 1.07902655 0.00000000 0.00000000 B-5 225,000.00 996.87991111 1.07902222 0.00000000 0.00000000 B-6 226,673.86 996.87454036 1.07692171 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 48.25839142 714.51223696 0.71451224 48.25839142 A-2 0.00000000 26.17814692 815.85490795 0.81585491 26.17814692 A-3 0.00000000 48.25839133 714.51223700 0.71451224 48.25839133 A-4 0.00000000 48.25840000 714.51220000 0.71451220 48.25840000 A-WIO 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 1.07902409 995.80088040 0.99580088 1.07902409 B-2 0.00000000 1.07902655 995.80088496 0.99580088 1.07902655 B-3 0.00000000 1.07903226 995.80087287 0.99580087 1.07903226 B-4 0.00000000 1.07902655 995.80088496 0.99580088 1.07902655 B-5 0.00000000 1.07902222 995.80088889 0.99580089 1.07902222 B-6 0.00000000 1.07692171 995.79761866 0.99579762 1.07692171 (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-1 113,945,000.00 5.00000% 86,913,899.25 362,141.25 0.00 0.00 A-2 2,250,820.51 0.00000% 1,895,265.27 0.00 0.00 0.00 A-3 30,000,000.00 5.00000% 22,883,118.85 95,346.33 0.00 0.00 A-4 50,000.00 5.00000% 38,138.53 158.91 0.00 0.00 A-WIO 0.00 0.28718% 68,566,994.96 16,409.31 0.00 0.00 A-R 100.00 5.00000% 0.00 0.00 0.00 0.00 B-1 2,408,000.00 5.00000% 2,400,486.81 10,002.03 0.00 0.00 B-2 678,000.00 5.00000% 675,884.58 2,816.19 0.00 0.00 B-3 527,000.00 5.00000% 525,355.71 2,188.98 0.00 0.00 B-4 226,000.00 5.00000% 225,294.86 938.73 0.00 0.00 B-5 225,000.00 5.00000% 224,297.98 934.57 0.00 0.00 B-6 226,673.86 5.00000% 225,965.40 941.52 0.00 0.00 Totals 150,536,594.37 491,877.82 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 7.13 0.00 362,134.12 0.00 81,415,096.84 A-2 0.00 0.00 0.00 0.00 1,836,342.96 A-3 1.88 0.00 95,344.45 0.00 21,435,367.11 A-4 0.00 0.00 158.91 0.00 35,725.61 A-WIO 0.32 0.00 16,408.99 0.00 62,686,108.27 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.20 0.00 10,001.83 0.00 2,397,888.52 B-2 0.06 0.00 2,816.13 0.00 675,153.00 B-3 0.04 0.00 2,188.94 0.00 524,787.06 B-4 0.02 0.00 938.71 0.00 225,051.00 B-5 0.02 0.00 934.56 0.00 224,055.20 B-6 0.02 0.00 941.50 0.00 225,721.29 Totals 9.69 0.00 491,868.14 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-1 113,945,000.00 5.00000% 762.77062837 3.17821098 0.00000000 0.00000000 A-2 2,250,820.51 0.00000% 842.03305487 0.00000000 0.00000000 0.00000000 A-3 30,000,000.00 5.00000% 762.77062833 3.17821100 0.00000000 0.00000000 A-4 50,000.00 5.00000% 762.77060000 3.17820000 0.00000000 0.00000000 A-WIO 0.00 0.28718% 752.66952890 0.18012730 0.00000000 0.00000000 A-R 100.00 5.00000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,408,000.00 5.00000% 996.87990449 4.15366694 0.00000000 0.00000000 B-2 678,000.00 5.00000% 996.87991150 4.15367257 0.00000000 0.00000000 B-3 527,000.00 5.00000% 996.87990512 4.15366224 0.00000000 0.00000000 B-4 226,000.00 5.00000% 996.87991150 4.15367257 0.00000000 0.00000000 B-5 225,000.00 5.00000% 996.87991111 4.15364444 0.00000000 0.00000000 B-6 226,673.86 5.00000% 996.87454036 4.15363289 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 0.00006257 0.00000000 3.17814840 0.00000000 714.51223696 A-2 0.00000000 0.00000000 0.00000000 0.00000000 815.85490795 A-3 0.00006267 0.00000000 3.17814833 0.00000000 714.51223700 A-4 0.00000000 0.00000000 3.17820000 0.00000000 714.51220000 A-WIO 0.00000351 0.00000000 0.18012379 0.00000000 688.11421017 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00008306 0.00000000 4.15358389 0.00000000 995.80088040 B-2 0.00008850 0.00000000 4.15358407 0.00000000 995.80088496 B-3 0.00007590 0.00000000 4.15358634 0.00000000 995.80087287 B-4 0.00008850 0.00000000 4.15358407 0.00000000 995.80088496 B-5 0.00008889 0.00000000 4.15360000 0.00000000 995.80088889 B-6 0.00008823 0.00000000 4.15354466 0.00000000 995.79761866 (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 7,584,425.55 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 12,551.44 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 7,596,976.99 Withdrawals Reimbursement for Servicer Advances 58,197.74 Payment of Service Fee 34,392.47 Payment of Interest and Principal 7,504,386.79 Total Withdrawals (Pool Distribution Amount) 7,596,977.00 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 2,833.51 Servicing Fee Support 2,823.82 Non-Supported Prepayment/Curtailment Interest Shortfall 9.69
SERVICING FEES Gross Servicing Fee 36,249.63 Master Servicing Fee 966.66 Supported Prepayment/Curtailment Interest Shortfall 2,823.82 Net Servicing Fee 34,392.47
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 29,021.42
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 4,290,673.86 2.85025304% 4,272,656.07 3.92004096% 96.079958% 100.000000% Class B-1 1,882,673.86 1.25064199% 1,874,767.55 1.72004614% 2.199995% 0.000000% Class B-2 1,204,673.86 0.80025316% 1,199,614.55 1.10061238% 0.619434% 0.000000% Class B-3 677,673.86 0.45017217% 674,827.49 0.61913511% 0.481477% 0.000000% Class B-4 451,673.86 0.30004257% 449,776.49 0.41265719% 0.206478% 0.000000% Class B-5 226,673.86 0.15057725% 225,721.29 0.20709289% 0.205564% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.207093% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description 10/1 CMT ARM Weighted Average Gross Coupon 5.473338% Weighted Average Net Coupon 5.088338% Weighted Average Pass-Through Rate 5.088338% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 214 Number Of Loans Paid In Full 12 Ending Scheduled Collateral Loan Count 202 Beginning Scheduled Collateral Balance 116,007,708.46 Ending Scheduled Collateral Balance 108,995,189.33 Ending Actual Collateral Balance at 31-Aug-2003 108,936,883.88 Monthly P &I Constant 662,804.02 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,481,945.18 Ending Scheduled Balance for Premium Loans 108,995,189.33 Scheduled Principal 125,876.20 Unscheduled Principal 6,886,642.93 Unpaid Principal Balance Of Outstanding Mortgage Loans With Or Less Than Or Equal To 80% 108,607,696.43 Greater Than 80%, less than or equal to 85% 0.00 Greater than 85%, less than or equal to 95% 389,657.29 Greater than 95% 0.00
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