-----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, ALYo0lfIGJQdpG1380K4vTXNdjScqGB8pfKrkRT0d+y2Sklf/gYKAAYwG1MgQoR/ CB61W8UO/7bajpg3ZZs1Rw== 0001056404-04-002927.txt : 20040903 0001056404-04-002927.hdr.sgml : 20040903 20040903124208 ACCESSION NUMBER: 0001056404-04-002927 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040903 DATE AS OF CHANGE: 20040903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO ASSET SECURITIES CORP MORTGAGE BACKED 2004-B CENTRAL INDEX KEY: 0001278023 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: 333-110283-12 FILM NUMBER: 041015969 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 8-K 1 wfm0400b.txt AUGUST 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): August 25, 2004 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-B Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110283-12 54-2144720 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 August 25, 2004 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2004-B 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-B Trust, relating to the August 25, 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-B 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: 9/2/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-B Trust, relating to the August 25, 2004 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 7/31/2004 Distribution Date: 8/25/2004 WFMBS Series: 2004-B 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-1 94981KAA9 SEN 4.97680% 164,690,335.14 683,027.28 2,093,955.86 A-R 94981KAB7 SEN 4.97597% 0.00 0.00 0.00 B-1 94981KAC5 SUB 4.97680% 2,482,197.57 10,294.52 2,942.40 B-2 94981KAD3 SUB 4.97680% 1,448,196.90 6,006.17 1,716.70 B-3 94981KAE1 SUB 4.97680% 620,797.71 2,574.66 735.90 B-4 94981KAF8 SUB 4.97680% 620,797.71 2,574.66 735.90 B-5 94981KAG6 SUB 4.97680% 413,202.96 1,713.69 489.81 B-6 94981KAH4 SUB 4.97680% 311,293.08 1,291.04 369.01 Totals 170,586,821.07 707,482.02 2,100,945.58
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 162,596,379.28 2,776,983.14 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 2,479,255.17 13,236.92 0.00 B-2 0.00 1,446,480.21 7,722.87 0.00 B-3 0.00 620,061.82 3,310.56 0.00 B-4 0.00 620,061.82 3,310.56 0.00 B-5 0.00 412,713.15 2,203.50 0.00 B-6 0.00 310,924.08 1,660.05 0.00 Totals 0.00 168,485,875.53 2,808,427.60 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-1 202,354,000.00 164,690,335.14 195,224.38 1,898,731.48 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 2,499,000.00 2,482,197.57 2,942.40 0.00 0.00 0.00 B-2 1,458,000.00 1,448,196.90 1,716.70 0.00 0.00 0.00 B-3 625,000.00 620,797.71 735.90 0.00 0.00 0.00 B-4 625,000.00 620,797.71 735.90 0.00 0.00 0.00 B-5 416,000.00 413,202.96 489.81 0.00 0.00 0.00 B-6 313,400.28 311,293.08 369.01 0.00 0.00 0.00 Totals 208,290,500.28 170,586,821.07 202,214.10 1,898,731.48 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 2,093,955.86 162,596,379.28 0.80352441 2,093,955.86 A-R 0.00 0.00 0.00000000 0.00 B-1 2,942.40 2,479,255.17 0.99209891 2,942.40 B-2 1,716.70 1,446,480.21 0.99209891 1,716.70 B-3 735.90 620,061.82 0.99209891 735.90 B-4 735.90 620,061.82 0.99209891 735.90 B-5 489.81 412,713.15 0.99209892 489.81 B-6 369.01 310,924.08 0.99209892 369.01 Totals 2,100,945.58 168,485,875.53 0.80889851 2,100,945.58
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 202,354,000.00 813.87239758 0.96476660 9.38321694 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,499,000.00 993.27633854 1.17743097 0.00000000 0.00000000 B-2 1,458,000.00 993.27633745 1.17743484 0.00000000 0.00000000 B-3 625,000.00 993.27633600 1.17744000 0.00000000 0.00000000 B-4 625,000.00 993.27633600 1.17744000 0.00000000 0.00000000 B-5 416,000.00 993.27634615 1.17742788 0.00000000 0.00000000 B-6 313,400.28 993.27633019 1.17743992 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 10.34798353 803.52441405 0.80352441 10.34798353 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.17743097 992.09890756 0.99209891 1.17743097 B-2 0.00000000 1.17743484 992.09890947 0.99209891 1.17743484 B-3 0.00000000 1.17744000 992.09891200 0.99209891 1.17744000 B-4 0.00000000 1.17744000 992.09891200 0.99209891 1.17744000 B-5 0.00000000 1.17742788 992.09891827 0.99209892 1.17742788 B-6 0.00000000 1.17743992 992.09892218 0.99209892 1.17743992 (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-1 202,354,000.00 4.97680% 164,690,335.14 683,025.12 0.00 0.00 A-R 100.00 4.97597% 0.00 0.00 0.00 0.00 B-1 2,499,000.00 4.97680% 2,482,197.57 10,294.49 0.00 0.00 B-2 1,458,000.00 4.97680% 1,448,196.90 6,006.15 0.00 0.00 B-3 625,000.00 4.97680% 620,797.71 2,574.65 0.00 0.00 B-4 625,000.00 4.97680% 620,797.71 2,574.65 0.00 0.00 B-5 416,000.00 4.97680% 413,202.96 1,713.69 0.00 0.00 B-6 313,400.28 4.97680% 311,293.08 1,291.04 0.00 0.00 Totals 208,290,500.28 707,479.79 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 (2.17) 0.00 683,027.28 0.00 162,596,379.28 A-R 0.00 0.00 0.00 0.00 0.00 B-1 (0.03) 0.00 10,294.52 0.00 2,479,255.17 B-2 (0.02) 0.00 6,006.17 0.00 1,446,480.21 B-3 (0.01) 0.00 2,574.66 0.00 620,061.82 B-4 (0.01) 0.00 2,574.66 0.00 620,061.82 B-5 (0.01) 0.00 1,713.69 0.00 412,713.15 B-6 0.00 0.00 1,291.04 0.00 310,924.08 Totals (2.25) 0.00 707,482.02 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-1 202,354,000.00 4.97680% 813.87239758 3.37539718 0.00000000 0.00000000 A-R 100.00 4.97597% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,499,000.00 4.97680% 993.27633854 4.11944378 0.00000000 0.00000000 B-2 1,458,000.00 4.97680% 993.27633745 4.11944444 0.00000000 0.00000000 B-3 625,000.00 4.97680% 993.27633600 4.11944000 0.00000000 0.00000000 B-4 625,000.00 4.97680% 993.27633600 4.11944000 0.00000000 0.00000000 B-5 416,000.00 4.97680% 993.27634615 4.11944712 0.00000000 0.00000000 B-6 313,400.28 4.97680% 993.27633019 4.11946026 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 (0.00001072) 0.00000000 3.37540785 0.00000000 803.52441405 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 (0.00001200) 0.00000000 4.11945578 0.00000000 992.09890756 B-2 (0.00001372) 0.00000000 4.11945816 0.00000000 992.09890947 B-3 (0.00001600) 0.00000000 4.11945600 0.00000000 992.09891200 B-4 (0.00001600) 0.00000000 4.11945600 0.00000000 992.09891200 B-5 (0.00002404) 0.00000000 4.11944712 0.00000000 992.09891827 B-6 0.00000000 0.00000000 4.11946026 0.00000000 992.09892218 (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 2,890,185.52 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,868.57 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2,895,054.09 Withdrawals Reimbursement for Servicer Advances 32,105.50 Payment of Service Fee 54,521.01 Payment of Interest and Principal 2,808,427.60 Total Withdrawals (Pool Distribution Amount) 2,895,054.11 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 206.31 Servicing Fee Support 208.55 Non-Supported Prepayment/Curtailment Interest Shortfall (2.24)
SERVICING FEES Gross Servicing Fee 53,308.01 Master Servicing Fee 1,421.55 Supported Prepayment/Curtailment Interest Shortfall 208.55 Net Servicing Fee 54,521.01
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 40,947.64
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 5,936,400.28 2.85005810% 5,889,496.25 3.49554301% 96.504457% 100.000000% Class B-1 3,437,400.28 1.65029143% 3,410,241.08 2.02405161% 1.471491% 0.000000% Class B-2 1,979,400.28 0.95030752% 1,963,760.87 1.16553442% 0.858517% 0.000000% Class B-3 1,354,400.28 0.65024582% 1,343,699.05 0.79751436% 0.368020% 0.000000% Class B-4 729,400.28 0.35018413% 723,637.23 0.42949430% 0.368020% 0.000000% Class B-5 313,400.28 0.15046307% 310,924.08 0.18454015% 0.244954% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.184540% 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 5.361846% Weighted Average Net Coupon 4.976846% Weighted Average Pass-Through Rate 4.976846% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 349 Number Of Loans Paid In Full 4 Ending Scheduled Collateral Loan Count 345 Beginning Scheduled Collateral Balance 170,586,821.09 Ending Scheduled Collateral Balance 168,485,875.52 Ending Actual Collateral Balance at 31-Jul-2004 165,247,074.07 Monthly P &I Constant 966,464.04 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2,776,980.98 Ending scheduled Balance For discounted Loans 168,485,875.52 Scheduled Principal 202,214.09 Unscheduled Principal 1,898,731.48 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 163,035,249.78 Greater Than 80%, less than or equal to 85% 1,826,826.55 Greater than 85%, less than or equal to 95% 3,624,041.59 Greater than 95% 0.00
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