8-K 1 we789431-8k.txt 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: April 28, 2004 (Date of earliest event reported) Commission File No. 333-110283 Wells Fargo Asset Securities Corporation ------------------------------------------------------------------------------ Delaware 52-1972128 ------------------------------------ ---------------------------------------- (State of Incorporation) I.R.S. Employer Identification No. 7485 New Horizon Way, Frederick, Maryland 21703 ----------------------------------------------------- ----------------------- Address of principal executive offices (Zip Code) (301) 846-8881 -------------------------------------------------------------------------------- Registrant's Telephone Number, including area code -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events ------------ On April 28, 2004, Wells Fargo Asset Securities Corporation, a Delaware corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series 2004-E, Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-R, Class A-LR, Class B-1, Class B-2 and Class B-3 (the "Offered Certificates"), having an aggregate original principal balance of $319,368,100.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated as of April 28, 2004, among the Registrant, Wells Fargo Bank, National Association, as master servicer (the "Master Servicer" or "Wells Fargo Bank") and Wachovia Bank, National Association, as trustee (the "Agreement"), a copy of which is filed as an exhibit hereto. Mortgage Pass-Through Certificates, Series 2004-E, Class B-4, Class B-5 and Class B-6 Certificates, having an aggregate initial principal balance of $1,121,849.47 (the "Private Class B Certificates" and, together with the Offered Certificates, the "Certificates"), were also issued pursuant to the Agreement. As of the date of initial issuance, the Offered Certificates evidenced an approximate 99.65% undivided interest in a trust fund (the "Trust Estate"), consisting principally of a pool of adjustable interest rate, conventional, monthly pay, fully-amortizing, one-to four-family residential first mortgage loans. Some of the Mortgage Loans were originated in connection with the relocation of employees by various corporate employers that participated in the relocation program of Wells Fargo Home Mortgage, Inc. and of the employees of various non-participant employers. The remaining undivided interests in the Trust Estate are evidenced by the Private Class B Certificates. Distributions on the Private Class B Certificates are subordinated to distributions on the Offered Certificates. Interest on the Offered Certificates will be distributed on each Distribution Date (as defined in the Agreement). Monthly distributions in reduction of the principal balance of the Offered Certificates will be allocated to the Offered Certificates in accordance with the priorities set forth in the Agreement. Distributions of interest and in reduction of principal balance on any Distribution Date will be made to the extent that the Pool Distribution Amount is sufficient therefor. An election will be made to treat the Trust Estate as two REMICs for federal income tax purposes (the "Upper-Tier REMIC" and the "Lower-Tier REMIC," respectively and each, a "REMIC"). The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates will be treated as "regular interests" in the Upper-Tier REMIC and the Class A-R and Class A-LR Certificates will be treated as the "residual interests" in the Upper-Tier REMIC and the Lower-Tier REMIC, respectively. ITEM 7. Financial Statements and Exhibits --------------------------------- (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- (EX-4) Pooling and Servicing Agreement, dated as of April 28, 2004, among Wells Fargo Asset Securities Corporation, Wells Fargo Bank, National Association and Wachovia Bank, National Association, as trustee. 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 April 28, 2004 Susan M. Hughes Vice President INDEX TO EXHIBITS ----------------- Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing E Agreement, dated as of April 28, 2004, among Wells Fargo Asset Securities Corporation, Wells Fargo Bank, National Association and Wachovia Bank, National Association, as trustee.

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 6/30/04 Distribution Date: 7/26/04 WFMBS Series: 2004-E 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 94981DAA5 SEN 4.90462% 88,566,256.90 361,985.80 517,958.62 A-2 94981DAB3 SEN 4.50000% 96,267,670.54 361,002.87 562,998.50 A-3 94981DAC1 SEN 0.40462% 0.00 32,459.95 0.00 A-4 94981DAD9 SEN 4.90462% 41,757,429.71 170,669.93 679,184.50 A-5 94981DAE7 SEN 3.66200% 17,888,000.00 54,588.08 0.00 A-6 94981DAF4 SEN 4.33000% 17,103,000.00 61,713.17 0.00 A-7 94981DAG2 SEN 4.90462% 8,410,000.00 34,373.14 0.00 A-8 94981DAH0 SEN 4.90462% 10,000,000.00 40,871.75 0.00 A-9 94981DAJ6 SEN 4.90462% 3,936,000.00 16,087.12 0.00 A-10 94981DAK3 SEN 4.90462% 17,040,000.00 69,645.46 0.00 A-11 94981DAL1 SEN 0.91612% 0.00 26,713.09 0.00 A-R 94981DAM9 SEN 4.90507% 0.00 0.00 0.00 A-LR 94981DAN7 SEN 4.90507% 0.00 0.00 0.00 B-1 94981DAP2 SUB 4.90462% 4,796,824.02 19,605.46 5,721.26 B-2 94981DAQ0 SUB 4.90462% 1,279,020.05 5,227.58 1,525.51 B-3 94981DAR8 SUB 4.90462% 639,510.02 2,613.79 762.76 B-4 94981DAS6 SUB 4.90462% 478,884.26 1,957.28 571.17 B-5 94981DAT4 SUB 4.90462% 320,253.85 1,308.93 381.97 B-6 94981DAU1 SUB 4.90462% 320,103.67 1,308.32 381.79 Totals 308,802,953.02 1,262,131.72 1,769,486.08

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 88,048,298.28 879,944.42 0.00 A-2 0.00 95,704,672.05 924,001.37 0.00 A-3 0.00 0.00 32,459.95 0.00 A-4 0.00 41,078,245.22 849,854.43 0.00 A-5 0.00 17,888,000.00 54,588.08 0.00 A-6 0.00 17,103,000.00 61,713.17 0.00 A-7 0.00 8,410,000.00 34,373.14 0.00 A-8 0.00 10,000,000.00 40,871.75 0.00 A-9 0.00 3,936,000.00 16,087.12 0.00 A-10 0.00 17,040,000.00 69,645.46 0.00 A-11 0.00 0.00 26,713.09 0.00 A-R 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 B-1 0.00 4,791,102.76 25,326.72 0.00 B-2 0.00 1,277,494.54 6,753.09 0.00 B-3 0.00 638,747.27 3,376.55 0.00 B-4 0.00 478,313.09 2,528.45 0.00 B-5 0.00 319,871.88 1,690.90 0.00 B-6 0.00 319,721.88 1,690.11 0.00 Totals 0.00 307,033,466.97 3,031,617.80 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 92,000,000.00 88,566,256.90 105,634.60 412,324.01 0.00 0.00 A-2 100,000,000.00 96,267,670.54 114,820.22 448,178.28 0.00 0.00 A-3 0.00 0.00 0.00 0.00 0.00 0.00 A-4 46,260,000.00 41,757,429.71 138,515.67 540,668.83 0.00 0.00 A-5 17,888,000.00 17,888,000.00 0.00 0.00 0.00 0.00 A-6 17,103,000.00 17,103,000.00 0.00 0.00 0.00 0.00 A-7 8,410,000.00 8,410,000.00 0.00 0.00 0.00 0.00 A-8 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 A-9 3,936,000.00 3,936,000.00 0.00 0.00 0.00 0.00 A-10 17,040,000.00 17,040,000.00 0.00 0.00 0.00 0.00 A-11 0.00 0.00 0.00 0.00 0.00 0.00 A-R 50.00 0.00 0.00 0.00 0.00 0.00 A-LR 50.00 0.00 0.00 0.00 0.00 0.00 B-1 4,808,000.00 4,796,824.02 5,721.26 0.00 0.00 0.00 B-2 1,282,000.00 1,279,020.05 1,525.51 0.00 0.00 0.00 B-3 641,000.00 639,510.02 762.76 0.00 0.00 0.00 B-4 480,000.00 478,884.26 571.17 0.00 0.00 0.00 B-5 321,000.00 320,253.85 381.97 0.00 0.00 0.00 B-6 320,849.47 320,103.67 381.79 0.00 0.00 0.00 Totals 320,489,949.47 308,802,953.02 368,314.95 1,401,171.12 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-1 517,958.62 88,048,298.28 0.95704672 517,958.62 A-2 562,998.50 95,704,672.05 0.95704672 562,998.50 A-3 0.00 0.00 0.00000000 0.00 A-4 679,184.50 41,078,245.22 0.88798628 679,184.50 A-5 0.00 17,888,000.00 1.00000000 0.00 A-6 0.00 17,103,000.00 1.00000000 0.00 A-7 0.00 8,410,000.00 1.00000000 0.00 A-8 0.00 10,000,000.00 1.00000000 0.00 A-9 0.00 3,936,000.00 1.00000000 0.00 A-10 0.00 17,040,000.00 1.00000000 0.00 A-11 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 A-LR 0.00 0.00 0.00000000 0.00 B-1 5,721.26 4,791,102.76 0.99648560 5,721.26 B-2 1,525.51 1,277,494.54 0.99648560 1,525.51 B-3 762.76 638,747.27 0.99648560 762.76 B-4 571.17 478,313.09 0.99648560 571.17 B-5 381.97 319,871.88 0.99648561 381.97 B-6 381.79 319,721.88 0.99648561 381.79 Totals 1,769,486.08 307,033,466.97 0.95801278 1,769,486.08

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 92,000,000.00 962.67670543 1.14820217 4.48178272 0.00000000 A-2 100,000,000.00 962.67670540 1.14820220 4.48178280 0.00000000 A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-4 46,260,000.00 902.66817358 2.99428599 11.68760981 0.00000000 A-5 17,888,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-6 17,103,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-7 8,410,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-8 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-9 3,936,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-10 17,040,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-11 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,808,000.00 997.67554493 1.18994592 0.00000000 0.00000000 B-2 1,282,000.00 997.67554602 1.18994540 0.00000000 0.00000000 B-3 641,000.00 997.67553822 1.18995320 0.00000000 0.00000000 B-4 480,000.00 997.67554167 1.18993750 0.00000000 0.00000000 B-5 321,000.00 997.67554517 1.18993769 0.00000000 0.00000000 B-6 320,849.47 997.67554548 1.18993496 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 5.62998500 957.04672043 0.95704672 5.62998500 A-2 0.00000000 5.62998500 957.04672050 0.95704672 5.62998500 A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00000000 14.68189581 887.98627799 0.88798628 14.68189581 A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.18994592 996.48559900 0.99648560 1.18994592 B-2 0.00000000 1.18994540 996.48560062 0.99648560 1.18994540 B-3 0.00000000 1.18995320 996.48560062 0.99648560 1.18995320 B-4 0.00000000 1.18993750 996.48560417 0.99648560 1.18993750 B-5 0.00000000 1.18993769 996.48560748 0.99648561 1.18993769 B-6 0.00000000 1.18993496 996.48561053 0.99648561 1.18993496 (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 92,000,000.00 4.90462% 88,566,256.90 361,986.69 0.00 0.00 A-2 100,000,000.00 4.50000% 96,267,670.54 361,003.76 0.00 0.00 A-3 0.00 0.40462% 96,267,670.54 32,460.03 0.00 0.00 A-4 46,260,000.00 4.90462% 41,757,429.71 170,670.35 0.00 0.00 A-5 17,888,000.00 3.66200% 17,888,000.00 54,588.21 0.00 0.00 A-6 17,103,000.00 4.33000% 17,103,000.00 61,713.33 0.00 0.00 A-7 8,410,000.00 4.90462% 8,410,000.00 34,373.23 0.00 0.00 A-8 10,000,000.00 4.90462% 10,000,000.00 40,871.85 0.00 0.00 A-9 3,936,000.00 4.90462% 3,936,000.00 16,087.16 0.00 0.00 A-10 17,040,000.00 4.90462% 17,040,000.00 69,645.63 0.00 0.00 A-11 0.00 0.91612% 34,991,000.00 26,713.16 0.00 0.00 A-R 50.00 4.90507% 0.00 0.00 0.00 0.00 A-LR 50.00 4.90507% 0.00 0.00 0.00 0.00 B-1 4,808,000.00 4.90462% 4,796,824.02 19,605.51 0.00 0.00 B-2 1,282,000.00 4.90462% 1,279,020.05 5,227.59 0.00 0.00 B-3 641,000.00 4.90462% 639,510.02 2,613.80 0.00 0.00 B-4 480,000.00 4.90462% 478,884.26 1,957.29 0.00 0.00 B-5 321,000.00 4.90462% 320,253.85 1,308.94 0.00 0.00 B-6 320,849.47 4.90462% 320,103.67 1,308.32 0.00 0.00 Totals 320,489,949.47 1,262,134.85 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 0.89 0.00 361,985.80 0.00 88,048,298.28 A-2 0.89 0.00 361,002.87 0.00 95,704,672.05 A-3 0.08 0.00 32,459.95 0.00 95,704,672.05 A-4 0.42 0.00 170,669.93 0.00 41,078,245.22 A-5 0.13 0.00 54,588.08 0.00 17,888,000.00 A-6 0.15 0.00 61,713.17 0.00 17,103,000.00 A-7 0.08 0.00 34,373.14 0.00 8,410,000.00 A-8 0.10 0.00 40,871.75 0.00 10,000,000.00 A-9 0.04 0.00 16,087.12 0.00 3,936,000.00 A-10 0.17 0.00 69,645.46 0.00 17,040,000.00 A-11 0.07 0.00 26,713.09 0.00 34,991,000.00 A-R 0.00 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 0.00 B-1 0.05 0.00 19,605.46 0.00 4,791,102.76 B-2 0.01 0.00 5,227.58 0.00 1,277,494.54 B-3 0.01 0.00 2,613.79 0.00 638,747.27 B-4 0.00 0.00 1,957.28 0.00 478,313.09 B-5 0.00 0.00 1,308.93 0.00 319,871.88 B-6 0.00 0.00 1,308.32 0.00 319,721.88 Totals 3.09 0.00 1,262,131.72 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 92,000,000.00 4.90462% 962.67670543 3.93463793 0.00000000 0.00000000 A-2 100,000,000.00 4.50000% 962.67670540 3.61003760 0.00000000 0.00000000 A-3 0.00 0.40462% 962.67670540 0.32460030 0.00000000 0.00000000 A-4 46,260,000.00 4.90462% 902.66817358 3.68937203 0.00000000 0.00000000 A-5 17,888,000.00 3.66200% 1000.00000000 3.05166648 0.00000000 0.00000000 A-6 17,103,000.00 4.33000% 1000.00000000 3.60833363 0.00000000 0.00000000 A-7 8,410,000.00 4.90462% 1000.00000000 4.08718549 0.00000000 0.00000000 A-8 10,000,000.00 4.90462% 1000.00000000 4.08718500 0.00000000 0.00000000 A-9 3,936,000.00 4.90462% 1000.00000000 4.08718496 0.00000000 0.00000000 A-10 17,040,000.00 4.90462% 1000.00000000 4.08718486 0.00000000 0.00000000 A-11 0.00 0.91612% 1000.00000000 0.76342945 0.00000000 0.00000000 A-R 50.00 4.90507% 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 50.00 4.90507% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,808,000.00 4.90462% 997.67554493 4.07768511 0.00000000 0.00000000 B-2 1,282,000.00 4.90462% 997.67554602 4.07768331 0.00000000 0.00000000 B-3 641,000.00 4.90462% 997.67553822 4.07769111 0.00000000 0.00000000 B-4 480,000.00 4.90462% 997.67554167 4.07768750 0.00000000 0.00000000 B-5 321,000.00 4.90462% 997.67554517 4.07769470 0.00000000 0.00000000 B-6 320,849.47 4.90462% 997.67554548 4.07767543 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 0.00000967 0.00000000 3.93462826 0.00000000 957.04672043 A-2 0.00000890 0.00000000 3.61002870 0.00000000 957.04672050 A-3 0.00000080 0.00000000 0.32459950 0.00000000 957.04672050 A-4 0.00000908 0.00000000 3.68936295 0.00000000 887.98627799 A-5 0.00000727 0.00000000 3.05165921 0.00000000 1000.00000000 A-6 0.00000877 0.00000000 3.60832427 0.00000000 1000.00000000 A-7 0.00000951 0.00000000 4.08717479 0.00000000 1000.00000000 A-8 0.00001000 0.00000000 4.08717500 0.00000000 1000.00000000 A-9 0.00001016 0.00000000 4.08717480 0.00000000 1000.00000000 A-10 0.00000998 0.00000000 4.08717488 0.00000000 1000.00000000 A-11 0.00000200 0.00000000 0.76342745 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00001040 0.00000000 4.07767471 0.00000000 996.48559900 B-2 0.00000780 0.00000000 4.07767551 0.00000000 996.48560062 B-3 0.00001560 0.00000000 4.07767551 0.00000000 996.48560062 B-4 0.00000000 0.00000000 4.07766667 0.00000000 996.48560417 B-5 0.00000000 0.00000000 4.07766355 0.00000000 996.48560748 B-6 0.00000000 0.00000000 4.07767543 0.00000000 996.48561053 (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 3,034,932.79 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 63,684.43 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3,098,617.22 Withdrawals Reimbursement for Servicer Advances 1,332.19 Payment of Service Fee 65,667.22 Payment of Interest and Principal 3,031,617.81 Total Withdrawals (Pool Distribution Amount) 3,098,617.22 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 1,242.84 Servicing Fee Support 1,239.75 Non-Supported Prepayment/Curtailment Interest Shortfall 3.09

SERVICING FEES Gross Servicing Fee 64,333.63 Master Servicing Fee 2,573.35 Supported Prepayment/Curtailment Interest Shortfall 1,239.75 Net Servicing Fee 65,667.22

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 107,348.35

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 7,852,849.47 2.45026388% 7,825,251.42 2.54866399% 97.451336% 100.000000% Class B-1 3,044,849.47 0.95006083% 3,034,148.66 0.98821431% 1.560450% 0.000000% Class B-2 1,762,849.47 0.55004828% 1,756,654.12 0.57213767% 0.416077% 0.000000% Class B-3 1,121,849.47 0.35004201% 1,117,906.85 0.36409935% 0.208038% 0.000000% Class B-4 641,849.47 0.20027133% 639,593.76 0.20831402% 0.155785% 0.000000% Class B-5 320,849.47 0.10011218% 319,721.88 0.10413258% 0.104181% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.104133% 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 5.164634% Weighted Average Net Coupon 4.904634% Weighted Average Pass-Through Rate 4.904634% Weighted Average Maturity(Stepdown Calculation ) 356 Beginning Scheduled Collateral Loan Count 583 Number Of Loans Paid In Full 2 Ending Scheduled Collateral Loan Count 581 Beginning Scheduled Collateral Balance 308,802,953.03 Ending Scheduled Collateral Balance 307,033,466.95 Ending Actual Collateral Balance at 30-Jun-2004 308,046,312.36 Monthly P &I Constant 1,698,936.88 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2,990,255.01 Ending scheduled Balance For discounted Loans 307,033,466.95 Scheduled Principal 368,314.96 Unscheduled Principal 1,401,171.12 Unpaid Principal Balance Of Outstanding Mortgage Loans With Or Less Than Or Equal To 80% 305,523,415.99 Greater Than 80%, less than or equal to 85% 0.00 Greater than 85%, less than or equal to 95% 1,523,043.33 Greater than 95% 0.00

Filing Compare · Wells Fargo Mortgage Backed Securities Series 2004-E