-----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, OGWQArjnyx3IbeYY0Ax+zHRCQXIGuS9t7J7PPeWypKYX3+eKeOBD9Tpja7q5CbwY poglfOXYGMURe7Bu1YIcCA== 0001056404-04-003276.txt : 20041004 0001056404-04-003276.hdr.sgml : 20041004 20041004110240 ACCESSION NUMBER: 0001056404-04-003276 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040925 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041004 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Mortgage Backed Securities Series 2004-T Trust CENTRAL INDEX KEY: 0001301394 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: 333-116509-07 FILM NUMBER: 041060646 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 BUSINESS PHONE: 3018468881 MAIL ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERIDK STATE: MD ZIP: 21703 8-K 1 wfm0400t_sep.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 27, 2004 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-T Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-116509-07 54-2160303 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-T 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-T 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-T 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: 9/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-T 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-T 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 94981BAA9 SEN 3.45723% 192,127,000.00 553,426.07 6,772,035.17 A-R 94981BAB7 SEN 3.45723% 10.00 0.03 10.00 B-1 94981BAC5 SUB 3.45723% 2,961,000.00 8,529.23 4,618.39 B-2 94981BAD3 SUB 3.45723% 988,000.00 2,845.96 1,541.02 B-3 94981BAE1 SUB 3.45723% 395,000.00 1,137.81 616.10 B-4 94981BAF8 SUB 3.45723% 395,000.00 1,137.81 616.10 B-5 94981BAG6 SUB 3.45723% 394,000.00 1,134.93 614.54 B-6 94981BAH4 SUB 3.45723% 198,381.69 571.44 309.42 Totals 197,458,391.69 568,783.28 6,780,360.74
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 185,354,964.83 7,325,461.24 0.00 A-R 0.00 0.00 10.03 0.00 B-1 0.00 2,956,381.61 13,147.62 0.00 B-2 0.00 986,458.98 4,386.98 0.00 B-3 0.00 394,383.90 1,753.91 0.00 B-4 0.00 394,383.90 1,753.91 0.00 B-5 0.00 393,385.46 1,749.47 0.00 B-6 0.00 198,072.27 880.86 0.00 Totals 0.00 190,678,030.95 7,349,144.02 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-1 192,127,000.00 192,127,000.00 299,667.61 6,472,367.56 0.00 0.00 A-R 10.00 10.00 0.44 9.56 0.00 0.00 B-1 2,961,000.00 2,961,000.00 4,618.39 0.00 0.00 0.00 B-2 988,000.00 988,000.00 1,541.02 0.00 0.00 0.00 B-3 395,000.00 395,000.00 616.10 0.00 0.00 0.00 B-4 395,000.00 395,000.00 616.10 0.00 0.00 0.00 B-5 394,000.00 394,000.00 614.54 0.00 0.00 0.00 B-6 198,381.69 198,381.69 309.42 0.00 0.00 0.00 Totals 197,458,391.69 197,458,391.69 307,983.62 6,472,377.12 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 6,772,035.17 185,354,964.83 0.96475230 6,772,035.17 A-R 10.00 0.00 0.00000000 10.00 B-1 4,618.39 2,956,381.61 0.99844026 4,618.39 B-2 1,541.02 986,458.98 0.99844026 1,541.02 B-3 616.10 394,383.90 0.99844025 616.10 B-4 616.10 394,383.90 0.99844025 616.10 B-5 614.54 393,385.46 0.99844025 614.54 B-6 309.42 198,072.27 0.99844028 309.42 Totals 6,780,360.74 190,678,030.95 0.96566183 6,780,360.74
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 192,127,000.00 1000.00000000 1.55973710 33.68796452 0.00000000 A-R 10.00 1000.00000000 44.00000000 956.00000000 0.00000000 B-1 2,961,000.00 1000.00000000 1.55973995 0.00000000 0.00000000 B-2 988,000.00 1000.00000000 1.55973684 0.00000000 0.00000000 B-3 395,000.00 1000.00000000 1.55974684 0.00000000 0.00000000 B-4 395,000.00 1000.00000000 1.55974684 0.00000000 0.00000000 B-5 394,000.00 1000.00000000 1.55974619 0.00000000 0.00000000 B-6 198,381.69 1000.00000000 1.55972056 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 35.24770162 964.75229838 0.96475230 35.24770162 A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 B-1 0.00000000 1.55973995 998.44026005 0.99844026 1.55973995 B-2 0.00000000 1.55973684 998.44026316 0.99844026 1.55973684 B-3 0.00000000 1.55974684 998.44025316 0.99844025 1.55974684 B-4 0.00000000 1.55974684 998.44025316 0.99844025 1.55974684 B-5 0.00000000 1.55974619 998.44025381 0.99844025 1.55974619 B-6 0.00000000 1.55972056 998.44027944 0.99844028 1.55972056 (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-1 192,127,000.00 3.45723% 192,127,000.00 553,522.28 0.00 0.00 A-R 10.00 3.45723% 10.00 0.03 0.00 0.00 B-1 2,961,000.00 3.45723% 2,961,000.00 8,530.71 0.00 0.00 B-2 988,000.00 3.45723% 988,000.00 2,846.45 0.00 0.00 B-3 395,000.00 3.45723% 395,000.00 1,138.00 0.00 0.00 B-4 395,000.00 3.45723% 395,000.00 1,138.00 0.00 0.00 B-5 394,000.00 3.45723% 394,000.00 1,135.12 0.00 0.00 B-6 198,381.69 3.45723% 198,381.69 571.54 0.00 0.00 Totals 197,458,391.69 568,882.13 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 96.21 0.00 553,426.07 0.00 185,354,964.83 A-R 0.00 0.00 0.03 0.00 0.00 B-1 1.48 0.00 8,529.23 0.00 2,956,381.61 B-2 0.49 0.00 2,845.96 0.00 986,458.98 B-3 0.20 0.00 1,137.81 0.00 394,383.90 B-4 0.20 0.00 1,137.81 0.00 394,383.90 B-5 0.20 0.00 1,134.93 0.00 393,385.46 B-6 0.10 0.00 571.44 0.00 198,072.27 Totals 98.88 0.00 568,783.28 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-1 192,127,000.00 3.45723% 1000.00000000 2.88102287 0.00000000 0.00000000 A-R 10.00 3.45723% 1000.00000000 3.00000000 0.00000000 0.00000000 B-1 2,961,000.00 3.45723% 1000.00000000 2.88102330 0.00000000 0.00000000 B-2 988,000.00 3.45723% 1000.00000000 2.88102227 0.00000000 0.00000000 B-3 395,000.00 3.45723% 1000.00000000 2.88101266 0.00000000 0.00000000 B-4 395,000.00 3.45723% 1000.00000000 2.88101266 0.00000000 0.00000000 B-5 394,000.00 3.45723% 1000.00000000 2.88101523 0.00000000 0.00000000 B-6 198,381.69 3.45723% 1000.00000000 2.88101185 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 0.00050076 0.00000000 2.88052210 0.00000000 964.75229838 A-R 0.00000000 0.00000000 3.00000000 0.00000000 0.00000000 B-1 0.00049983 0.00000000 2.88052347 0.00000000 998.44026005 B-2 0.00049595 0.00000000 2.88052632 0.00000000 998.44026316 B-3 0.00050633 0.00000000 2.88053165 0.00000000 998.44025316 B-4 0.00050633 0.00000000 2.88053165 0.00000000 998.44025316 B-5 0.00050761 0.00000000 2.88053299 0.00000000 998.44025381 B-6 0.00050408 0.00000000 2.88050777 0.00000000 998.44027944 (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 7,423,961.27 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 7,423,961.27 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 40,504.22 Payment of Interest and Principal 7,349,144.00 Total Withdrawals (Pool Distribution Amount) 7,389,648.22 Ending Balance 34,313.05
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 2,369.71 Servicing Fee Support 2,270.83 Non-Supported Prepayment/Curtailment Interest Shortfall 98.88
SERVICING FEES Gross Servicing Fee 41,129.86 Master Servicing Fee 1,645.19 Supported Prepayment/Curtailment Interest Shortfall 2,270.83 Net Servicing Fee 40,504.22
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 25,898.39
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 5,331,381.69 2.70000259% 5,323,066.12 2.79165150% 97.208348% 100.000000% Class B-1 2,370,381.69 1.20044616% 2,366,684.51 1.24119412% 1.550457% 0.000000% Class B-2 1,382,381.69 0.70008759% 1,380,225.53 0.72385137% 0.517343% 0.000000% Class B-3 987,381.69 0.50004544% 985,841.63 0.51701899% 0.206832% 0.000000% Class B-4 592,381.69 0.30000330% 591,457.73 0.31018662% 0.206832% 0.000000% Class B-5 198,381.69 0.10046759% 198,072.27 0.10387787% 0.206309% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.103878% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description 3/1 CMT ARM Weighted Average Gross Coupon 3.717241% Weighted Average Net Coupon 3.457241% Weighted Average Pass-Through Rate 3.457241% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 360 Number Of Loans Paid In Full 12 Ending Scheduled Collateral Loan Count 348 Beginning Scheduled Collateral Balance 197,458,391.69 Ending Scheduled Collateral Balance 190,678,030.95 Ending Actual Collateral Balance at 31-Aug-2004 194,555,327.20 Monthly P &I Constant 929,734.52 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,325,567.48 Ending Scheduled Balance for Premium Loans 190,678,030.95 Scheduled Principal 307,983.62 Unscheduled Principal 6,472,377.12 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 189,811,502.82 Greater Than 80%, less than or equal to 85% 416,369.74 Greater than 85%, less than or equal to 95% 440,630.54 Greater than 95% 0.00
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