-----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, Ky8oBNLuAzm2l4k/U52hT3tC3/ansGeZJssGkaI3a8XPeHsiQF8IiFL6agjEcvYZ SfBp8IeDwy/bA6WKvsi9EA== 0001056404-03-001422.txt : 20030811 0001056404-03-001422.hdr.sgml : 20030811 20030808182758 ACCESSION NUMBER: 0001056404-03-001422 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 PASS THRU CER SER 2003-F CENTRAL INDEX KEY: 0001236510 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: 333-98129-20 FILM NUMBER: 03832891 BUSINESS ADDRESS: STREET 1: 9062 OLD ANNAPOLIS RD CITY: COLUMBIA STATE: MD ZIP: 21045-1951 BUSINESS PHONE: 4108842247 8-K 1 wfm0300f.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-F Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-98129-20 Pending 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 July 25, 2003 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-F 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-F 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-F 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: 7/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-F 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-F 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 94979QAA0 SEQ 4.96216% 280,673,486.22 1,160,567.38 15,353,348.27 A-R 94979QAB8 SEQ 4.96238% 0.00 0.00 0.00 B-1 94979QAC6 SUB 4.96216% 2,741,899.06 11,337.58 2,967.80 B-2 94979QAD4 SUB 4.96216% 2,308,389.34 9,545.05 2,498.58 B-3 94979QAE2 SUB 4.96216% 721,184.38 2,982.05 780.60 B-4 94979QAF9 SUB 4.96216% 721,184.38 2,982.05 780.60 B-5 94979QAG7 SUB 4.96216% 288,673.53 1,193.65 312.46 B-6 94979QAH5 SUB 4.96216% 433,491.67 1,792.46 469.21 Totals 287,888,308.58 1,190,400.22 15,361,157.52
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 265,320,137.96 16,513,915.65 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 2,738,931.26 14,305.38 0.00 B-2 0.00 2,305,890.76 12,043.63 0.00 B-3 0.00 720,403.78 3,762.65 0.00 B-4 0.00 720,403.78 3,762.65 0.00 B-5 0.00 288,361.07 1,506.11 0.00 B-6 0.00 433,022.47 2,261.67 0.00 Totals 0.00 272,527,151.08 16,551,557.74 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-1 281,672,000.00 280,673,486.22 303,797.90 15,049,550.37 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 2,745,000.00 2,741,899.06 2,967.80 0.00 0.00 0.00 B-2 2,311,000.00 2,308,389.34 2,498.58 0.00 0.00 0.00 B-3 722,000.00 721,184.38 780.60 0.00 0.00 0.00 B-4 722,000.00 721,184.38 780.60 0.00 0.00 0.00 B-5 289,000.00 288,673.53 312.46 0.00 0.00 0.00 B-6 433,981.93 433,491.67 469.21 0.00 0.00 0.00 Totals 288,895,081.93 287,888,308.58 311,607.15 15,049,550.37 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 15,353,348.27 265,320,137.96 0.94194715 15,353,348.27 A-R 0.00 0.00 0.00000000 0.00 B-1 2,967.80 2,738,931.26 0.99778917 2,967.80 B-2 2,498.58 2,305,890.76 0.99778916 2,498.58 B-3 780.60 720,403.78 0.99778917 780.60 B-4 780.60 720,403.78 0.99778917 780.60 B-5 312.46 288,361.07 0.99778917 312.46 B-6 469.21 433,022.47 0.99778917 469.21 Totals 15,361,157.52 272,527,151.08 0.94334299 15,361,157.52
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 281,672,000.00 996.45504779 1.07855200 53.42934466 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,745,000.00 998.87033151 1.08116576 0.00000000 0.00000000 B-2 2,311,000.00 998.87033319 1.08116833 0.00000000 0.00000000 B-3 722,000.00 998.87033241 1.08116343 0.00000000 0.00000000 B-4 722,000.00 998.87033241 1.08116343 0.00000000 0.00000000 B-5 289,000.00 998.87034602 1.08117647 0.00000000 0.00000000 B-6 433,981.93 998.87032163 1.08117405 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 54.50789667 941.94715115 0.94194715 54.50789667 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.08116576 997.78916576 0.99778917 1.08116576 B-2 0.00000000 1.08116833 997.78916486 0.99778916 1.08116833 B-3 0.00000000 1.08116343 997.78916898 0.99778917 1.08116343 B-4 0.00000000 1.08116343 997.78916898 0.99778917 1.08116343 B-5 0.00000000 1.08117647 997.78916955 0.99778917 1.08117647 B-6 0.00000000 1.08117405 997.78917062 0.99778917 1.08117405 (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-1 281,672,000.00 4.96216% 280,673,486.22 1,160,622.62 0.00 0.00 A-R 100.00 4.96238% 0.00 0.00 0.00 0.00 B-1 2,745,000.00 4.96216% 2,741,899.06 11,338.12 0.00 0.00 B-2 2,311,000.00 4.96216% 2,308,389.34 9,545.50 0.00 0.00 B-3 722,000.00 4.96216% 721,184.38 2,982.19 0.00 0.00 B-4 722,000.00 4.96216% 721,184.38 2,982.19 0.00 0.00 B-5 289,000.00 4.96216% 288,673.53 1,193.70 0.00 0.00 B-6 433,981.93 4.96216% 433,491.67 1,792.55 0.00 0.00 Totals 288,895,081.93 1,190,456.87 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 55.24 0.00 1,160,567.38 0.00 265,320,137.96 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.54 0.00 11,337.58 0.00 2,738,931.26 B-2 0.45 0.00 9,545.05 0.00 2,305,890.76 B-3 0.14 0.00 2,982.05 0.00 720,403.78 B-4 0.14 0.00 2,982.05 0.00 720,403.78 B-5 0.06 0.00 1,193.65 0.00 288,361.07 B-6 0.09 0.00 1,792.46 0.00 433,022.47 Totals 56.66 0.00 1,190,400.22 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-1 281,672,000.00 4.96216% 996.45504779 4.12047566 0.00000000 0.00000000 A-R 100.00 4.96238% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,745,000.00 4.96216% 998.87033151 4.13046266 0.00000000 0.00000000 B-2 2,311,000.00 4.96216% 998.87033319 4.13046300 0.00000000 0.00000000 B-3 722,000.00 4.96216% 998.87033241 4.13045706 0.00000000 0.00000000 B-4 722,000.00 4.96216% 998.87033241 4.13045706 0.00000000 0.00000000 B-5 289,000.00 4.96216% 998.87034602 4.13044983 0.00000000 0.00000000 B-6 433,981.93 4.96216% 998.87032163 4.13047152 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 0.00019611 0.00000000 4.12027955 0.00000000 941.94715115 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00019672 0.00000000 4.13026594 0.00000000 997.78916576 B-2 0.00019472 0.00000000 4.13026828 0.00000000 997.78916486 B-3 0.00019391 0.00000000 4.13026316 0.00000000 997.78916898 B-4 0.00019391 0.00000000 4.13026316 0.00000000 997.78916898 B-5 0.00020761 0.00000000 4.13027682 0.00000000 997.78916955 B-6 0.00020738 0.00000000 4.13026413 0.00000000 997.78917062 (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 19,854.22 Deposits Payments of Interest and Principal 16,630,095.54 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 16,630,095.54 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 83,808.75 Payment of Interest and Principal 16,551,557.73 Total Withdrawals (Pool Distribution Amount) 16,635,366.48 Ending Balance 14,583.28
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 8,607.62 Servicing Fee Support 8,550.96 Non-Supported Prepayment/Curtailment Interest Shortfall 56.66
SERVICING FEES Gross Servicing Fee 89,960.75 Master Servicing Fee 2,398.95 Supported Prepayment/Curtailment Interest Shortfall 8,550.96 Net Servicing Fee 83,808.75
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 1,615,000.00 0.00 0.00 0.00 1,615,000.00 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 3 0 0 0 3 1,615,000.00 0.00 0.00 0.00 1,615,000.00 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 0.582524% 0.000000% 0.000000% 0.000000% 0.582524% 0.578294% 0.000000% 0.000000% 0.000000% 0.578294% 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 0.582524% 0.000000% 0.000000% 0.000000% 0.582524% 0.578294% 0.000000% 0.000000% 0.000000% 0.578294%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 72,943.20
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 7,222,981.93 2.50020938% 7,207,013.12 2.64451197% 97.355488% 100.000000% Class B-1 4,477,981.93 1.55003744% 4,468,081.86 1.63949971% 1.005012% 0.000000% Class B-2 2,166,981.93 0.75009305% 2,162,191.10 0.79338557% 0.846114% 0.000000% Class B-3 1,444,981.93 0.50017533% 1,441,787.32 0.52904355% 0.264342% 0.000000% Class B-4 722,981.93 0.25025761% 721,383.54 0.26470153% 0.264342% 0.000000% Class B-5 433,981.93 0.15022129% 433,022.47 0.15889150% 0.105810% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.158891% 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 5.347165% Weighted Average Net Coupon 4.962165% Weighted Average Pass-Through Rate 4.962165% Weighted Average Maturity(Stepdown Calculation ) 357 Beginning Scheduled Collateral Loan Count 540 Number Of Loans Paid In Full 25 Ending Scheduled Collateral Loan Count 515 Beginning Scheduled Collateral Balance 287,888,308.58 Ending Scheduled Collateral Balance 272,527,151.07 Ending Actual Collateral Balance at 30-Jun-2003 279,269,841.41 Monthly P &I Constant 1,611,089.52 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 16,513,970.89 Ending Scheduled Balance for Premium Loans 272,527,151.07 Scheduled Principal 311,607.14 Unscheduled Principal 15,049,550.37 Unpaid Principal Balance Of Outstanding Mortgage Loans With Or Less Than Or Equal To 80% 272,524,376.07 Greater Than 80%, less than or equal to 85% 0.00 Greater than 85%, less than or equal to 95% 0.00 Greater than 95% 0.00
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