-----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, PL/raimLaQg3UOP108l0Qs/5ObNFjR2aIRLVEnWbnt9Xi5OuZ+whz/FymBMU/60K SETtOPCnLNovB31kqpdT2Q== 0001056404-04-004216.txt : 20041203 0001056404-04-004216.hdr.sgml : 20041203 20041203125543 ACCESSION NUMBER: 0001056404-04-004216 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041203 DATE AS OF CHANGE: 20041203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO ASSET SEC CORP MORT PS THR CERTS SER 2004-2 CENTRAL INDEX KEY: 0001277720 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-110283-11 FILM NUMBER: 041182817 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 8-K 1 wfm04002_nov.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 26, 2004 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110283-11 54-2144714 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2004-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the November 26, 2004 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 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/2/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the November 26, 2004 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 WFMBS Series: 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, 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-PO 949800AB2 SEN 0.00000% 5,020,502.64 0.00 74,535.73 A-1 949800AA4 SEN 5.00000% 281,490,323.26 1,172,869.47 4,358,341.27 A-R 949800AC0 SEN 5.00000% 0.00 0.00 0.00 B-1 949800AD8 SUB 5.00000% 2,199,981.91 9,166.54 8,892.20 B-2 949800AE6 SUB 5.00000% 676,322.94 2,818.00 2,733.66 B-3 949800AF3 SUB 5.00000% 508,208.38 2,117.52 2,054.15 B-4 949800AG1 SUB 5.00000% 338,161.47 1,409.00 1,366.83 B-5 949800AH9 SUB 5.00000% 338,161.47 1,409.00 1,366.83 B-6 949800AJ5 SUB 5.00000% 170,096.42 708.73 687.52 Totals 290,741,758.49 1,190,498.26 4,449,978.19
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 4,945,966.91 74,535.73 0.00 A-1 0.00 277,131,981.99 5,531,210.74 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 2,191,089.70 18,058.74 0.00 B-2 0.00 673,589.28 5,551.66 0.00 B-3 0.00 506,154.23 4,171.67 0.00 B-4 0.00 336,794.64 2,775.83 0.00 B-5 0.00 336,794.64 2,775.83 0.00 B-6 0.00 169,408.91 1,396.25 18.07 Totals 0.00 286,291,780.30 5,640,476.45 18.07 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-PO 5,437,553.44 5,020,502.64 20,938.38 53,597.34 0.00 0.00 A-1 340,507,000.00 281,490,323.26 1,137,768.24 3,220,573.03 0.00 0.00 A-R 30.00 0.00 0.00 0.00 0.00 0.00 B-1 2,277,000.00 2,199,981.91 8,892.20 0.00 0.00 0.00 B-2 700,000.00 676,322.94 2,733.66 0.00 0.00 0.00 B-3 526,000.00 508,208.38 2,054.15 0.00 0.00 0.00 B-4 350,000.00 338,161.47 1,366.83 0.00 0.00 0.00 B-5 350,000.00 338,161.47 1,366.83 0.00 0.00 0.00 B-6 176,051.23 170,096.42 687.52 0.00 0.00 0.00 Totals 350,323,634.67 290,741,758.49 1,175,807.81 3,274,170.37 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-PO 74,535.73 4,945,966.91 0.90959417 74,535.73 A-1 4,358,341.27 277,131,981.99 0.81388043 4,358,341.27 A-R 0.00 0.00 0.00000000 0.00 B-1 8,892.20 2,191,089.70 0.96227040 8,892.20 B-2 2,733.66 673,589.28 0.96227040 2,733.66 B-3 2,054.15 506,154.23 0.96227040 2,054.15 B-4 1,366.83 336,794.64 0.96227040 1,366.83 B-5 1,366.83 336,794.64 0.96227040 1,366.83 B-6 687.52 169,408.91 0.96227053 687.52 Totals 4,449,978.19 286,291,780.30 0.81722086 4,449,978.19
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 5,437,553.44 923.30175609 3.85069871 9.85688520 0.00000000 A-1 340,507,000.00 826.67998972 3.34139457 9.45816982 0.00000000 A-R 30.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,277,000.00 966.17563022 3.90522617 0.00000000 0.00000000 B-2 700,000.00 966.17562857 3.90522857 0.00000000 0.00000000 B-3 526,000.00 966.17562738 3.90522814 0.00000000 0.00000000 B-4 350,000.00 966.17562857 3.90522857 0.00000000 0.00000000 B-5 350,000.00 966.17562857 3.90522857 0.00000000 0.00000000 B-6 176,051.23 966.17569784 3.90522690 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-PO 0.00000000 13.70758574 909.59417035 0.90959417 13.70758574 A-1 0.00000000 12.79956438 813.88042534 0.81388043 12.79956438 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 3.90522617 962.27039965 0.96227040 3.90522617 B-2 0.00000000 3.90522857 962.27040000 0.96227040 3.90522857 B-3 0.00000000 3.90522814 962.27039924 0.96227040 3.90522814 B-4 0.00000000 3.90522857 962.27040000 0.96227040 3.90522857 B-5 0.00000000 3.90522857 962.27040000 0.96227040 3.90522857 B-6 0.00000000 3.90522690 962.27052773 0.96227053 3.90522690 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-PO 5,437,553.44 0.00000% 5,020,502.64 0.00 0.00 0.00 A-1 340,507,000.00 5.00000% 281,490,323.26 1,172,876.35 0.00 0.00 A-R 30.00 5.00000% 0.00 0.00 0.00 0.00 B-1 2,277,000.00 5.00000% 2,199,981.91 9,166.59 0.00 0.00 B-2 700,000.00 5.00000% 676,322.94 2,818.01 0.00 0.00 B-3 526,000.00 5.00000% 508,208.38 2,117.53 0.00 0.00 B-4 350,000.00 5.00000% 338,161.47 1,409.01 0.00 0.00 B-5 350,000.00 5.00000% 338,161.47 1,409.01 0.00 0.00 B-6 176,051.23 5.00000% 170,096.42 708.74 0.00 0.00 Totals 350,323,634.67 1,190,505.24 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-PO 0.00 0.00 0.00 0.00 4,945,966.91 A-1 6.88 0.00 1,172,869.47 0.00 277,131,981.99 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.05 0.00 9,166.54 0.00 2,191,089.70 B-2 0.02 0.00 2,818.00 0.00 673,589.28 B-3 0.01 0.00 2,117.52 0.00 506,154.23 B-4 0.01 0.00 1,409.00 0.00 336,794.64 B-5 0.01 0.00 1,409.00 0.00 336,794.64 B-6 0.00 0.00 708.73 0.00 169,408.91 Totals 6.98 0.00 1,190,498.26 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-PO 5,437,553.44 0.00000% 923.30175609 0.00000000 0.00000000 0.00000000 A-1 340,507,000.00 5.00000% 826.67998972 3.44449997 0.00000000 0.00000000 A-R 30.00 5.00000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,277,000.00 5.00000% 966.17563022 4.02573123 0.00000000 0.00000000 B-2 700,000.00 5.00000% 966.17562857 4.02572857 0.00000000 0.00000000 B-3 526,000.00 5.00000% 966.17562738 4.02572243 0.00000000 0.00000000 B-4 350,000.00 5.00000% 966.17562857 4.02574286 0.00000000 0.00000000 B-5 350,000.00 5.00000% 966.17562857 4.02574286 0.00000000 0.00000000 B-6 176,051.23 5.00000% 966.17569784 4.02576000 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-PO 0.00000000 0.00000000 0.00000000 0.00000000 909.59417035 A-1 0.00002021 0.00000000 3.44447976 0.00000000 813.88042534 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00002196 0.00000000 4.02570927 0.00000000 962.27039965 B-2 0.00002857 0.00000000 4.02571429 0.00000000 962.27040000 B-3 0.00001901 0.00000000 4.02570342 0.00000000 962.27039924 B-4 0.00002857 0.00000000 4.02571429 0.00000000 962.27040000 B-5 0.00002857 0.00000000 4.02571429 0.00000000 962.27040000 B-6 0.00000000 0.00000000 4.02570320 0.00000000 962.27052773 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,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 5,961,708.29 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 5,961,708.29 Withdrawals Reimbursement for Servicer Advances 191,562.12 Payment of Service Fee 62,141.57 Payment of Interest and Principal 5,640,476.44 Total Withdrawals (Pool Distribution Amount) 5,894,180.13 Ending Balance 67,528.16
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 854.47 Servicing Fee Support 847.49 Non-Supported Prepayment/Curtailment Interest Shortfall 6.98
SERVICING FEES Gross Servicing Fee 60,566.41 Master Servicing Fee 2,422.66 Supported Prepayment/Curtailment Interest Shortfall 847.49 Net Servicing Fee 62,141.57
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 1 0 0 0 1 324,838.02 0.00 0.00 0.00 324,838.02 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 1 324,838.02 0.00 0.00 0.00 324,838.02 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 0.149925% 0.000000% 0.000000% 0.000000% 0.149925% 0.112076% 0.000000% 0.000000% 0.000000% 0.112076% 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 0.149925% 0.000000% 0.000000% 0.000000% 0.149925% 0.112076% 0.000000% 0.000000% 0.000000% 0.112076%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 101,344.30
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 4,379,051.23 1.25000165% 4,213,831.40 1.47186601% 98.528134% 100.000000% Class B-1 2,102,051.23 0.60003123% 2,022,741.70 0.70653153% 0.765334% 0.000000% Class B-2 1,402,051.23 0.40021600% 1,349,152.42 0.47125084% 0.235281% 0.000000% Class B-3 876,051.23 0.25006912% 842,998.19 0.29445421% 0.176797% 0.000000% Class B-4 526,051.23 0.15016150% 506,203.55 0.17681386% 0.117640% 0.000000% Class B-5 176,051.23 0.05025388% 169,408.91 0.05917352% 0.117640% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.059174% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Fixed 15 Year Weighted Average Gross Coupon 5.299829% Weighted Average Net Coupon 4.914021% Weighted Average Pass-Through Rate 5.000000% Weighted Average Maturity(Stepdown Calculation ) 168 Beginning Scheduled Collateral Loan Count 674 Number Of Loans Paid In Full 7 Ending Scheduled Collateral Loan Count 667 Beginning Scheduled Collateral Balance 290,741,758.49 Ending Scheduled Collateral Balance 286,291,780.30 Ending Actual Collateral Balance at 31-Oct-2004 289,838,229.09 Ending Scheduled Balance For Wells Fargo Serviced 285,844,863.44 Ending Scheduled Balance For Other Servicers 446,916.86 Monthly P &I Constant 2,444,128.64 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,605,753.35 Ending Scheduled Balance for Premium Loans 136,475,294.63 Ending scheduled Balance For discounted Loans 149,816,485.67 Scheduled Principal 1,175,807.82 Unscheduled Principal 3,274,170.37 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 285,392,378.25 Greater Than 80%, less than or equal to 85% 0.00 Greater than 85%, less than or equal to 95% 869,250.53 Greater than 95% 0.00
COLLATERAL STATEMENT Collateral Description Fixed 15 Year Weighted Average Coupon Rate 5.299829% Weighted Average Net Rate 4.914021% Weighted Average Pass Through Rate 5.000000% Weighted Average Maturity 168 Record Date 10/31/2004 Principal and Interest Constant 2,444,128.64 Beginning Loan Count 674 Loans Paid in Full 7 Ending Loan Count 667 Beginning Scheduled Balance 290,741,758.49 Ending Scheduled Balance 286,291,780.30 Ending Actual Balance at 31-Oct-2004 289,838,229.09 Scheduled Principal 1,175,807.82 Unscheduled Principal 3,274,170.37 Scheduled Interest 1,253,487.34 Servicing Fee 60,566.41 Master Servicing Fee 2,422.66 Trustee Fee 0.00 FRY Amount 30,479.11 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,160,019.17 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Unpaid Principal Balance of Outstanding Mortgage Loans with Original LTV: Less than or equal to 80% 285,392,378.25 Greater than 80%, less than or equal to 85% 0.00 Greater than 85%, less than or equal to 95% 869,250.53 Greater than 95% 0.00
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