-----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, EcRRLZv56QKwBw0V3AgXFN50IsCHcB6snLdVfOCSNeZn9tG1CM+IKSMF9swmk08P IhEa7xnGgmzdJzxKJc2wCg== 0001056404-04-003345.txt : 20041005 0001056404-04-003345.hdr.sgml : 20041005 20041005091810 ACCESSION NUMBER: 0001056404-04-003345 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040927 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041005 DATE AS OF CHANGE: 20041005 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: 041064356 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 8-K 1 wfm0400b_sep.txt SEPTEMBER 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): September 27, 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 September 27, 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 September 27, 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: 10/1/2004 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 September 27, 2004 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/27/2004 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 4.97597% 162,596,379.28 674,309.27 1,631,125.06 A-R 94981KAB7 SEN 4.97512% 0.00 0.00 0.00 B-1 94981KAC5 SUB 4.97597% 2,479,255.17 10,281.81 2,972.58 B-2 94981KAD3 SUB 4.97597% 1,446,480.21 5,998.75 1,734.30 B-3 94981KAE1 SUB 4.97597% 620,061.82 2,571.48 743.44 B-4 94981KAF8 SUB 4.97597% 620,061.82 2,571.48 743.44 B-5 94981KAG6 SUB 4.97597% 412,713.15 1,711.58 494.83 B-6 94981KAH4 SUB 4.97597% 310,924.08 1,289.44 372.79 Totals 168,485,875.53 698,733.81 1,638,186.44
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 160,965,254.22 2,305,434.33 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 2,476,282.59 13,254.39 0.00 B-2 0.00 1,444,745.91 7,733.05 0.00 B-3 0.00 619,318.38 3,314.92 0.00 B-4 0.00 619,318.38 3,314.92 0.00 B-5 0.00 412,218.31 2,206.41 0.00 B-6 0.00 310,551.28 1,662.23 0.00 Totals 0.00 166,847,689.07 2,336,920.25 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-1 202,354,000.00 162,596,379.28 194,949.67 1,436,175.39 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 2,499,000.00 2,479,255.17 2,972.58 0.00 0.00 0.00 B-2 1,458,000.00 1,446,480.21 1,734.30 0.00 0.00 0.00 B-3 625,000.00 620,061.82 743.44 0.00 0.00 0.00 B-4 625,000.00 620,061.82 743.44 0.00 0.00 0.00 B-5 416,000.00 412,713.15 494.83 0.00 0.00 0.00 B-6 313,400.28 310,924.08 372.79 0.00 0.00 0.00 Totals 208,290,500.28 168,485,875.53 202,011.05 1,436,175.39 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 1,631,125.06 160,965,254.22 0.79546366 1,631,125.06 A-R 0.00 0.00 0.00000000 0.00 B-1 2,972.58 2,476,282.59 0.99090940 2,972.58 B-2 1,734.30 1,444,745.91 0.99090940 1,734.30 B-3 743.44 619,318.38 0.99090941 743.44 B-4 743.44 619,318.38 0.99090941 743.44 B-5 494.83 412,218.31 0.99090940 494.83 B-6 372.79 310,551.28 0.99090939 372.79 Totals 1,638,186.44 166,847,689.07 0.80103360 1,638,186.44
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 202,354,000.00 803.52441405 0.96340903 7.09734124 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,499,000.00 992.09890756 1.18950780 0.00000000 0.00000000 B-2 1,458,000.00 992.09890947 1.18950617 0.00000000 0.00000000 B-3 625,000.00 992.09891200 1.18950400 0.00000000 0.00000000 B-4 625,000.00 992.09891200 1.18950400 0.00000000 0.00000000 B-5 416,000.00 992.09891827 1.18949519 0.00000000 0.00000000 B-6 313,400.28 992.09892218 1.18950117 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 8.06075027 795.46366378 0.79546366 8.06075027 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.18950780 990.90939976 0.99090940 1.18950780 B-2 0.00000000 1.18950617 990.90940329 0.99090940 1.18950617 B-3 0.00000000 1.18950400 990.90940800 0.99090941 1.18950400 B-4 0.00000000 1.18950400 990.90940800 0.99090941 1.18950400 B-5 0.00000000 1.18949519 990.90939904 0.99090940 1.18949519 B-6 0.00000000 1.18950117 990.90938910 0.99090939 1.18950117 (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 4.97597% 162,596,379.28 674,228.32 0.00 0.00 A-R 100.00 4.97512% 0.00 0.00 0.00 0.00 B-1 2,499,000.00 4.97597% 2,479,255.17 10,280.57 0.00 0.00 B-2 1,458,000.00 4.97597% 1,446,480.21 5,998.03 0.00 0.00 B-3 625,000.00 4.97597% 620,061.82 2,571.17 0.00 0.00 B-4 625,000.00 4.97597% 620,061.82 2,571.17 0.00 0.00 B-5 416,000.00 4.97597% 412,713.15 1,711.37 0.00 0.00 B-6 313,400.28 4.97597% 310,924.08 1,289.29 0.00 0.00 Totals 208,290,500.28 698,649.92 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 (80.94) 0.00 674,309.27 0.00 160,965,254.22 A-R 0.00 0.00 0.00 0.00 0.00 B-1 (1.23) 0.00 10,281.81 0.00 2,476,282.59 B-2 (0.72) 0.00 5,998.75 0.00 1,444,745.91 B-3 (0.31) 0.00 2,571.48 0.00 619,318.38 B-4 (0.31) 0.00 2,571.48 0.00 619,318.38 B-5 (0.21) 0.00 1,711.58 0.00 412,218.31 B-6 (0.15) 0.00 1,289.44 0.00 310,551.28 Totals (83.87) 0.00 698,733.81 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 4.97597% 803.52441405 3.33192484 0.00000000 0.00000000 A-R 100.00 4.97512% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,499,000.00 4.97597% 992.09890756 4.11387355 0.00000000 0.00000000 B-2 1,458,000.00 4.97597% 992.09890947 4.11387517 0.00000000 0.00000000 B-3 625,000.00 4.97597% 992.09891200 4.11387200 0.00000000 0.00000000 B-4 625,000.00 4.97597% 992.09891200 4.11387200 0.00000000 0.00000000 B-5 416,000.00 4.97597% 992.09891827 4.11387019 0.00000000 0.00000000 B-6 313,400.28 4.97597% 992.09892218 4.11387635 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 (0.00039999) 0.00000000 3.33232489 0.00000000 795.46366378 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 (0.00049220) 0.00000000 4.11436975 0.00000000 990.90939976 B-2 (0.00049383) 0.00000000 4.11436900 0.00000000 990.90940329 B-3 (0.00049600) 0.00000000 4.11436800 0.00000000 990.90940800 B-4 (0.00049600) 0.00000000 4.11436800 0.00000000 990.90940800 B-5 (0.00050481) 0.00000000 4.11437500 0.00000000 990.90939904 B-6 (0.00047862) 0.00000000 4.11435497 0.00000000 990.90938910 (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 2,397,208.71 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 2,397,208.71 Withdrawals Reimbursement for Servicer Advances 4,868.57 Payment of Service Fee 53,718.55 Payment of Interest and Principal 2,336,920.25 Total Withdrawals (Pool Distribution Amount) 2,395,507.37 Ending Balance 1,701.34
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 253.40 Servicing Fee Support 337.27 Non-Supported Prepayment/Curtailment Interest Shortfall (83.87)
SERVICING FEES Gross Servicing Fee 52,651.78 Master Servicing Fee 1,404.05 Supported Prepayment/Curtailment Interest Shortfall 337.27 Net Servicing Fee 53,718.55
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 34,699.90
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 5,936,400.28 2.85005810% 5,882,434.85 3.52563160% 96.474368% 100.000000% Class B-1 3,437,400.28 1.65029143% 3,406,152.26 2.04147404% 1.484158% 0.000000% Class B-2 1,979,400.28 0.95030752% 1,961,406.35 1.17556699% 0.865907% 0.000000% Class B-3 1,354,400.28 0.65024582% 1,342,087.97 0.80437912% 0.371188% 0.000000% Class B-4 729,400.28 0.35018413% 722,769.59 0.43319125% 0.371188% 0.000000% Class B-5 313,400.28 0.15046307% 310,551.28 0.18612861% 0.247063% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.186129% 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 5.361569% Weighted Average Net Coupon 4.976569% Weighted Average Pass-Through Rate 4.976569% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 345 Number Of Loans Paid In Full 3 Ending Scheduled Collateral Loan Count 342 Beginning Scheduled Collateral Balance 168,485,875.52 Ending Scheduled Collateral Balance 166,847,689.08 Ending Actual Collateral Balance at 31-Aug-2004 163,571,502.14 Monthly P &I Constant 956,406.46 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2,305,353.38 Ending scheduled Balance For discounted Loans 166,847,689.08 Scheduled Principal 202,011.05 Unscheduled Principal 1,436,175.39 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 161,403,435.50 Greater Than 80%, less than or equal to 85% 1,824,552.39 Greater than 85%, less than or equal to 95% 3,619,255.83 Greater than 95% 0.00
-----END PRIVACY-ENHANCED MESSAGE-----