8-K 1 we807184-8k.txt CURRENT REPORT 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: September 29, 2004 (Date of earliest event reported) Wells Fargo Asset Securities Corporation -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-114847 52-1972128 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 7430 New Technology Way, Frederick, Maryland 21703 -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) Registrant's Telephone Number, including area code (301) 846-8881 ---------------------------- 7485 New Horizon Way, Frederick, Maryland 21703 -------------------------------------------------------------------------------- (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: [ ] 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 29, 2004, Wells Fargo Asset Securities Corporation, a Delaware corporation (the "Registrant"), sold Home Equity Asset-Backed Certificates, Series 2004-2, Class AI-1A, Class AI-1B, Class AI-2, Class AI-3, Class AI-4, Class AI-5, Class AI-6, Class AI-7, Class AI-8, Class AI-9, Class AII-1A, Class AII-1B, Class AIII-1, Class AIII-2, Class AIII-3, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 (the "Offered Certificates"), having an aggregate original principal balance of $4,803,904,000. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated as of September 29, 2004, among the Registrant, Wells Fargo Bank, N.A., as Servicer (the "Servicer" or "Wells Fargo Bank"), HSBC Bank USA, National Association, as trustee, and Wells Fargo Bank, N.A., as securities administrator (the "Agreement"), a copy of which is filed as an exhibit hereto. Home Equity Asset-Backed Certificates, Series 2004-2, Class M-8A, Class M-8B, Class M-9, Class M-10, Class CE, Class P and Class R Certificates, having an aggregate initial principal balance of $1,238,111,000 the "Private 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 97.00% undivided interest in a trust fund (the "Trust Estate"), consisting principally of a pool of fixed and adjustable interest rate, conventional, monthly pay, one-to four-family residential first mortgage loans. The remaining undivided interests in the Trust Estate are evidenced by the Private Certificates. Distributions on the Private 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 Available Funds are sufficient therefor. An election will be made to treat certain assets of the Trust Estate as two REMICs for federal income tax purposes. ITEM 9.01. 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 September 29, 2004, among Wells Fargo Asset Securities Corporation, Wells Fargo Bank, N.A., as servicer, HSBC Bank USA, National Association, as trustee, and Wells Fargo Bank, N.A., as securities administrator. 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 September 29, 2004 /s/ Alan S. McKenney ----------------------------------------- Alan S. McKenney Vice President INDEX TO EXHIBITS ----------------- Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing Agreement, dated E as of September 29, 2004, among Wells Fargo Asset Securities Corporation, Wells Fargo Bank, N.A., as servicer, HSBC Bank USA, National Association, as trustee, and Wells Fargo Bank, N.A., as securities administrator.

Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 WFHET Series: 2004-2 Contact: Customer Service - SecuritiesLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution AI-1A 94980GAA8 SEN 2.10250% 331,847,912.67 600,806.01 8,139,586.40 AI-1B 94980GAB8 SEN 2.94000% 73,927,759.53 181,123.00 1,813,304.72 AI-2 94980GAC8 SEN 3.45000% 81,688,000.00 234,852.99 0.00 AI-3 94980GAD8 SEN 3.97000% 247,199,000.00 817,816.66 0.00 AI-4 94980GAE8 SEN 4.43000% 56,870,000.00 209,945.07 0.00 AI-5 94980GAF8 SEN 4.89000% 180,369,000.00 735,003.65 0.00 AI-6 94980GAG8 SEN 5.00000% 160,165,000.00 667,354.14 0.00 AI-7 94980GAH8 SEN 5.00000% 85,036,000.00 354,316.65 0.00 AI-8 94980GAJ8 SEN 5.00000% 196,152,000.00 817,299.97 0.00 AI-9 94980GAK8 SEN 4.98000% 157,682,000.00 654,380.27 0.00 AII-1A 94980GBH3 SEN 2.27250% 1,002,113,354.05 1,961,010.44 20,281,654.35 AII-1B 94980GBC4 SEN 2.35250% 250,528,586.32 507,511.73 5,070,418.60 AIII-1 94980GBD2 SEN 2.09250% 563,061,528.95 1,014,566.42 25,510,715.01 AIII-2 94980GBE0 SEN 2.27250% 715,171,000.00 1,399,500.15 0.00 AIII-3 94980GBF7 SEN 2.43250% 183,573,000.00 384,521.67 0.00 M-1 94980GAN1 SUB 2.53250% 106,478,000.00 232,203.36 0.00 M-2 94980GAP6 SUB 2.58250% 96,574,000.00 214,763.13 0.00 M-3 94980GAQ4 SUB 2.63250% 56,953,000.00 129,105.32 0.00 M-4 94980GAR2 SUB 3.13250% 54,477,000.00 146,947.92 0.00 M-5 94980GAS0 SUB 3.18250% 49,525,000.00 135,722.57 0.00 M-6 94980GAT8 SUB 3.81250% 74,287,000.00 243,883.18 0.00 M-7 94980GAU5 SUB 4.93250% 54,478,000.00 231,391.51 0.00 M-8A 94980GAV3 SUB 4.93250% 54,287,000.00 230,580.26 0.00 M-8B 94980GBJ9 SUB 5.00000% 20,000,000.00 83,333.33 0.00 M-9 94980GAW1 SUB 4.48250% 24,762,000.00 95,579.60 0.00 M-10 94980GAX9 SUB 5.00000% 24,762,000.00 103,175.00 0.00 CE WELLSF042CE SUB 0.00000% 24,763,384.05 12,995,961.83 0.00 P WELLSF042P PP Prem 0.00000% 0.00 699,205.00 0.00 R-1 WELLSF042R1 RES 0.00000% 0.00 0.00 0.00 Totals 4,926,730,525.57 26,081,860.83 60,815,679.08

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses AI-1A 0.00 323,708,326.27 8,740,392.41 0.00 AI-1B 0.00 72,114,454.81 1,994,427.72 0.00 AI-2 0.00 81,688,000.00 234,852.99 0.00 AI-3 0.00 247,199,000.00 817,816.66 0.00 AI-4 0.00 56,870,000.00 209,945.07 0.00 AI-5 0.00 180,369,000.00 735,003.65 0.00 AI-6 0.00 160,165,000.00 667,354.14 0.00 AI-7 0.00 85,036,000.00 354,316.65 0.00 AI-8 0.00 196,152,000.00 817,299.97 0.00 AI-9 0.00 157,682,000.00 654,380.27 0.00 AII-1A 0.00 981,831,699.70 22,242,664.79 0.00 AII-1B 0.00 245,458,167.72 5,577,930.33 0.00 AIII-1 0.00 537,550,813.94 26,525,281.43 0.00 AIII-2 0.00 715,171,000.00 1,399,500.15 0.00 AIII-3 0.00 183,573,000.00 384,521.67 0.00 M-1 0.00 106,478,000.00 232,203.36 0.00 M-2 0.00 96,574,000.00 214,763.13 0.00 M-3 0.00 56,953,000.00 129,105.32 0.00 M-4 0.00 54,477,000.00 146,947.92 0.00 M-5 0.00 49,525,000.00 135,722.57 0.00 M-6 0.00 74,287,000.00 243,883.18 0.00 M-7 0.00 54,478,000.00 231,391.51 0.00 M-8A 0.00 54,287,000.00 230,580.26 0.00 M-8B 0.00 20,000,000.00 83,333.33 0.00 M-9 0.00 24,762,000.00 95,579.60 0.00 M-10 0.00 24,762,000.00 103,175.00 0.00 CE 0.00 24,763,384.05 12,995,961.83 0.00 P 0.00 0.00 699,205.00 0.00 R-1 0.00 0.00 0.00 0.00 Totals 0.00 4,865,914,846.49 86,897,539.91 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) AI-1A 336,661,000.00 331,847,912.67 0.00 8,139,586.40 0.00 0.00 AI-1B 75,000,000.00 73,927,759.53 0.00 1,813,304.72 0.00 0.00 AI-2 81,688,000.00 81,688,000.00 0.00 0.00 0.00 0.00 AI-3 247,199,000.00 247,199,000.00 0.00 0.00 0.00 0.00 AI-4 56,870,000.00 56,870,000.00 0.00 0.00 0.00 0.00 AI-5 180,369,000.00 180,369,000.00 0.00 0.00 0.00 0.00 AI-6 160,165,000.00 160,165,000.00 0.00 0.00 0.00 0.00 AI-7 85,036,000.00 85,036,000.00 0.00 0.00 0.00 0.00 AI-8 196,152,000.00 196,152,000.00 0.00 0.00 0.00 0.00 AI-9 157,682,000.00 157,682,000.00 0.00 0.00 0.00 0.00 AII-1A 1,010,967,000.00 1,002,113,354.05 0.00 20,281,654.35 0.00 0.00 AII-1B 252,742,000.00 250,528,586.32 0.00 5,070,418.60 0.00 0.00 AIII-1 571,857,000.00 563,061,528.95 0.00 25,510,715.01 0.00 0.00 AIII-2 715,171,000.00 715,171,000.00 0.00 0.00 0.00 0.00 AIII-3 183,573,000.00 183,573,000.00 0.00 0.00 0.00 0.00 M-1 106,478,000.00 106,478,000.00 0.00 0.00 0.00 0.00 M-2 96,574,000.00 96,574,000.00 0.00 0.00 0.00 0.00 M-3 56,953,000.00 56,953,000.00 0.00 0.00 0.00 0.00 M-4 54,477,000.00 54,477,000.00 0.00 0.00 0.00 0.00 M-5 49,525,000.00 49,525,000.00 0.00 0.00 0.00 0.00 M-6 74,287,000.00 74,287,000.00 0.00 0.00 0.00 0.00 M-7 54,478,000.00 54,478,000.00 0.00 0.00 0.00 0.00 M-8A 54,287,000.00 54,287,000.00 0.00 0.00 0.00 0.00 M-8B 20,000,000.00 20,000,000.00 0.00 0.00 0.00 0.00 M-9 24,762,000.00 24,762,000.00 0.00 0.00 0.00 0.00 M-10 24,762,000.00 24,762,000.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 4,927,715,000.00 4,901,967,141.52 0.00 60,815,679.08 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 AI-1A 8,139,586.40 323,708,326.27 0.96152606 8,139,586.40 AI-1B 1,813,304.72 72,114,454.81 0.96152606 1,813,304.72 AI-2 0.00 81,688,000.00 1.00000000 0.00 AI-3 0.00 247,199,000.00 1.00000000 0.00 AI-4 0.00 56,870,000.00 1.00000000 0.00 AI-5 0.00 180,369,000.00 1.00000000 0.00 AI-6 0.00 160,165,000.00 1.00000000 0.00 AI-7 0.00 85,036,000.00 1.00000000 0.00 AI-8 0.00 196,152,000.00 1.00000000 0.00 AI-9 0.00 157,682,000.00 1.00000000 0.00 AII-1A 20,281,654.35 981,831,699.70 0.97118076 20,281,654.35 AII-1B 5,070,418.60 245,458,167.72 0.97118076 5,070,418.60 AIII-1 25,510,715.01 537,550,813.94 0.94000915 25,510,715.01 AIII-2 0.00 715,171,000.00 1.00000000 0.00 AIII-3 0.00 183,573,000.00 1.00000000 0.00 M-1 0.00 106,478,000.00 1.00000000 0.00 M-2 0.00 96,574,000.00 1.00000000 0.00 M-3 0.00 56,953,000.00 1.00000000 0.00 M-4 0.00 54,477,000.00 1.00000000 0.00 M-5 0.00 49,525,000.00 1.00000000 0.00 M-6 0.00 74,287,000.00 1.00000000 0.00 M-7 0.00 54,478,000.00 1.00000000 0.00 M-8A 0.00 54,287,000.00 1.00000000 0.00 M-8B 0.00 20,000,000.00 1.00000000 0.00 M-9 0.00 24,762,000.00 1.00000000 0.00 M-10 0.00 24,762,000.00 1.00000000 0.00 P 0.00 0.00 0.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 Totals 60,815,679.08 4,841,151,462.44 0.98243333 60,815,679.08

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion AI-1A 336,661,000.00 985.70346037 0.00000000 24.17739625 0.00000000 AI-1B 75,000,000.00 985.70346040 0.00000000 24.17739627 0.00000000 AI-2 81,688,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AI-3 247,199,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AI-4 56,870,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AI-5 180,369,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AI-6 160,165,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AI-7 85,036,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AI-8 196,152,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AI-9 157,682,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AII-1A 1,010,967,000.00 991.24239866 0.00000000 20.06163836 0.00000000 AII-1B 252,742,000.00 991.24239865 0.00000000 20.06163835 0.00000000 AIII-1 571,857,000.00 984.61945722 0.00000000 44.61030469 0.00000000 AIII-2 715,171,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AIII-3 183,573,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 106,478,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 96,574,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 56,953,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 54,477,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 49,525,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 74,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 54,478,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8A 54,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8B 20,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 24,762,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 24,762,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 24,763,384.05 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 Per $1,000 denomination. Class X1 per $1 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution AI-1A 0.00000000 24.17739625 961.52606411 0.96152606 24.17739625 AI-1B 0.00000000 24.17739627 961.52606413 0.96152606 24.17739627 AI-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AI-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AI-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AI-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AI-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AI-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AI-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AI-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AII-1A 0.00000000 20.06163836 971.18076030 0.97118076 20.06163836 AII-1B 0.00000000 20.06163835 971.18076030 0.97118076 20.06163835 AIII-1 0.00000000 44.61030469 940.00915253 0.94000915 44.61030469 AIII-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AIII-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 AI-1A 336,661,000.00 2.10250% 331,847,912.67 600,806.04 0.00 0.00 AI-1B 75,000,000.00 2.94000% 73,927,759.53 181,123.01 0.00 0.00 AI-2 81,688,000.00 3.45000% 81,688,000.00 234,853.00 0.00 0.00 AI-3 247,199,000.00 3.97000% 247,199,000.00 817,816.69 0.00 0.00 AI-4 56,870,000.00 4.43000% 56,870,000.00 209,945.08 0.00 0.00 AI-5 180,369,000.00 4.89000% 180,369,000.00 735,003.68 0.00 0.00 AI-6 160,165,000.00 5.00000% 160,165,000.00 667,354.17 0.00 0.00 AI-7 85,036,000.00 5.00000% 85,036,000.00 354,316.67 0.00 0.00 AI-8 196,152,000.00 5.00000% 196,152,000.00 817,300.00 0.00 0.00 AI-9 157,682,000.00 4.98000% 157,682,000.00 654,380.30 0.00 0.00 AII-1A 1,010,967,000.00 2.27250% 1,002,113,354.05 1,961,010.57 0.00 0.00 AII-1B 252,742,000.00 2.35250% 250,528,586.32 507,511.76 0.00 0.00 AIII-1 571,857,000.00 2.09250% 563,061,528.95 1,014,566.49 0.00 0.00 AIII-2 715,171,000.00 2.27250% 715,171,000.00 1,399,500.25 0.00 0.00 AIII-3 183,573,000.00 2.43250% 183,573,000.00 384,521.69 0.00 0.00 M-1 106,478,000.00 2.53250% 106,478,000.00 232,203.38 0.00 0.00 M-2 96,574,000.00 2.58250% 96,574,000.00 214,763.14 0.00 0.00 M-3 56,953,000.00 2.63250% 56,953,000.00 129,105.33 0.00 0.00 M-4 54,477,000.00 3.13250% 54,477,000.00 146,947.92 0.00 0.00 M-5 49,525,000.00 3.18250% 49,525,000.00 135,722.57 0.00 0.00 M-6 74,287,000.00 3.81250% 74,287,000.00 243,883.19 0.00 0.00 M-7 54,478,000.00 4.93250% 54,478,000.00 231,391.52 0.00 0.00 M-8A 54,287,000.00 4.93250% 54,287,000.00 230,580.26 0.00 0.00 M-8B 20,000,000.00 5.00000% 20,000,000.00 83,333.33 0.00 0.00 M-9 24,762,000.00 4.48250% 24,762,000.00 95,579.60 0.00 0.00 M-10 24,762,000.00 5.00000% 24,762,000.00 103,175.00 0.00 0.00 CE 24,763,384.05 0.00000% 24,763,384.05 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 4,952,478,384.05 12,386,694.64 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 AI-1A 0.00 0.00 600,806.01 0.00 323,708,326.27 AI-1B 0.00 0.00 181,123.00 0.00 72,114,454.81 AI-2 0.00 0.00 234,852.99 0.00 81,688,000.00 AI-3 0.00 0.00 817,816.66 0.00 247,199,000.00 AI-4 0.00 0.00 209,945.07 0.00 56,870,000.00 AI-5 0.00 0.00 735,003.65 0.00 180,369,000.00 AI-6 0.00 0.00 667,354.14 0.00 160,165,000.00 AI-7 0.00 0.00 354,316.65 0.00 85,036,000.00 AI-8 0.00 0.00 817,299.97 0.00 196,152,000.00 AI-9 0.00 0.00 654,380.27 0.00 157,682,000.00 AII-1A 0.00 0.00 1,961,010.44 0.00 981,831,699.70 AII-1B 0.00 0.00 507,511.73 0.00 245,458,167.72 AIII-1 0.00 0.00 1,014,566.42 0.00 537,550,813.94 AIII-2 0.00 0.00 1,399,500.15 0.00 715,171,000.00 AIII-3 0.00 0.00 384,521.67 0.00 183,573,000.00 M-1 0.00 0.00 232,203.36 0.00 106,478,000.00 M-2 0.00 0.00 214,763.13 0.00 96,574,000.00 M-3 0.00 0.00 129,105.32 0.00 56,953,000.00 M-4 0.00 0.00 146,947.92 0.00 54,477,000.00 M-5 0.00 0.00 135,722.57 0.00 49,525,000.00 M-6 0.00 0.00 243,883.18 0.00 74,287,000.00 M-7 0.00 0.00 231,391.51 0.00 54,478,000.00 M-8A 0.00 0.00 230,580.26 0.00 54,287,000.00 M-8B 0.00 0.00 83,333.33 0.00 20,000,000.00 M-9 0.00 0.00 95,579.60 0.00 24,762,000.00 M-10 0.00 0.00 103,175.00 0.00 24,762,000.00 CE 0.00 0.00 12,995,961.83 0.00 24,763,384.05 P 0.00 0.00 699,205.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 26,081,860.83 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 AI-1A 336,661,000.00 2.10250% 985.70346037 1.78460243 0.00000000 0.00000000 AI-1B 75,000,000.00 2.94000% 985.70346040 2.41497347 0.00000000 0.00000000 AI-2 81,688,000.00 3.45000% 1000.00000000 2.87500000 0.00000000 0.00000000 AI-3 247,199,000.00 3.97000% 1000.00000000 3.30833333 0.00000000 0.00000000 AI-4 56,870,000.00 4.43000% 1000.00000000 3.69166661 0.00000000 0.00000000 AI-5 180,369,000.00 4.89000% 1000.00000000 4.07500003 0.00000000 0.00000000 AI-6 160,165,000.00 5.00000% 1000.00000000 4.16666669 0.00000000 0.00000000 AI-7 85,036,000.00 5.00000% 1000.00000000 4.16666671 0.00000000 0.00000000 AI-8 196,152,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 AI-9 157,682,000.00 4.98000% 1000.00000000 4.15000000 0.00000000 0.00000000 AII-1A 1,010,967,000.00 2.27250% 991.24239866 1.93973747 0.00000000 0.00000000 AII-1B 252,742,000.00 2.35250% 991.24239865 2.00802304 0.00000000 0.00000000 AIII-1 571,857,000.00 2.09250% 984.61945722 1.77416118 0.00000000 0.00000000 AIII-2 715,171,000.00 2.27250% 1000.00000000 1.95687500 0.00000000 0.00000000 AIII-3 183,573,000.00 2.43250% 1000.00000000 2.09465275 0.00000000 0.00000000 M-1 106,478,000.00 2.53250% 1000.00000000 2.18076391 0.00000000 0.00000000 M-2 96,574,000.00 2.58250% 1000.00000000 2.22381945 0.00000000 0.00000000 M-3 56,953,000.00 2.63250% 1000.00000000 2.26687497 0.00000000 0.00000000 M-4 54,477,000.00 3.13250% 1000.00000000 2.69743048 0.00000000 0.00000000 M-5 49,525,000.00 3.18250% 1000.00000000 2.74048602 0.00000000 0.00000000 M-6 74,287,000.00 3.81250% 1000.00000000 3.28298612 0.00000000 0.00000000 M-7 54,478,000.00 4.93250% 1000.00000000 4.24743052 0.00000000 0.00000000 M-8A 54,287,000.00 4.93250% 1000.00000000 4.24743051 0.00000000 0.00000000 M-8B 20,000,000.00 5.00000% 1000.00000000 4.16666650 0.00000000 0.00000000 M-9 24,762,000.00 4.48250% 1000.00000000 3.85993054 0.00000000 0.00000000 M-10 24,762,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 CE 24,763,384.05 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 Per $1,000 denomination. Class X1 per $1 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 AI-1A 0.00000000 0.00000000 1.78460234 0.00000000 961.52606411 AI-1B 0.00000000 0.00000000 2.41497333 0.00000000 961.52606413 AI-2 0.00000000 0.00000000 2.87499988 0.00000000 1000.00000000 AI-3 0.00000000 0.00000000 3.30833321 0.00000000 1000.00000000 AI-4 0.00000000 0.00000000 3.69166643 0.00000000 1000.00000000 AI-5 0.00000000 0.00000000 4.07499986 0.00000000 1000.00000000 AI-6 0.00000000 0.00000000 4.16666650 0.00000000 1000.00000000 AI-7 0.00000000 0.00000000 4.16666647 0.00000000 1000.00000000 AI-8 0.00000000 0.00000000 4.16666651 0.00000000 1000.00000000 AI-9 0.00000000 0.00000000 4.14999981 0.00000000 1000.00000000 AII-1A 0.00000000 0.00000000 1.93973734 0.00000000 971.18076030 AII-1B 0.00000000 0.00000000 2.00802292 0.00000000 971.18076030 AIII-1 0.00000000 0.00000000 1.77416106 0.00000000 940.00915253 AIII-2 0.00000000 0.00000000 1.95687486 0.00000000 1000.00000000 AIII-3 0.00000000 0.00000000 2.09465264 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.18076373 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.22381935 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.26687479 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.69743048 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.74048602 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.28298599 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 4.24743034 0.00000000 1000.00000000 M-8A 0.00000000 0.00000000 4.24743051 0.00000000 1000.00000000 M-8B 0.00000000 0.00000000 4.16666650 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 3.85993054 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000 CE 0.00000000 0.00000000 524.80556792 0.00000000 1000.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 88,331,112.52 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 120,019.06 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 88,451,131.58 Withdrawals Reimbursement for Servicer Advances 2,755.14 Payment of Service Fee 2,104,124.55 Payment of Interest and Principal 86,344,251.89 Total Withdrawals (Pool Distribution Amount) 88,451,131.58 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 2,052,804.45 Credit Risk Management Fee 51,320.10 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2,104,124.55

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 128 0 0 0 128 17,179,109.36 0.00 0.00 0.00 17,179,109.36 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 128 0 0 0 128 17,179,109.36 0.00 0.00 0.00 17,179,109.36 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 0.420072% 0.000000% 0.000000% 0.000000% 0.420072% 0.353050% 0.000000% 0.000000% 0.000000% 0.353050% 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 0.420072% 0.000000% 0.000000% 0.000000% 0.420072% 0.353050% 0.000000% 0.000000% 0.000000% 0.353050%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 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 23 0 0 0 23 2,666,609.29 0.00 0.00 0.00 2,666,609.29 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 23 0 0 0 23 2,666,609.29 0.00 0.00 0.00 2,666,609.29 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.268597% 0.000000% 0.000000% 0.000000% 0.268597% 0.170829% 0.000000% 0.000000% 0.000000% 0.170829% 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 0.268597% 0.000000% 0.000000% 0.000000% 0.268597% 0.170829% 0.000000% 0.000000% 0.000000% 0.170829% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2-ARM 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 49 0 0 0 49 6,261,728.78 0.00 0.00 0.00 6,261,728.78 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 49 0 0 0 49 6,261,728.78 0.00 0.00 0.00 6,261,728.78 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.544021% 0.000000% 0.000000% 0.000000% 0.544021% 0.515255% 0.000000% 0.000000% 0.000000% 0.515255% 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 0.544021% 0.000000% 0.000000% 0.000000% 0.544021% 0.515255% 0.000000% 0.000000% 0.000000% 0.515255% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2-Fixed 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 1 0 0 0 1 51,756.99 0.00 0.00 0.00 51,756.99 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 1 0 0 0 1 51,756.99 0.00 0.00 0.00 51,756.99 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.051546% 0.000000% 0.000000% 0.000000% 0.051546% 0.016781% 0.000000% 0.000000% 0.000000% 0.016781% 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 0.051546% 0.000000% 0.000000% 0.000000% 0.051546% 0.016781% 0.000000% 0.000000% 0.000000% 0.016781% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3-ARM 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 51 0 0 0 51 7,791,486.18 0.00 0.00 0.00 7,791,486.18 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 51 0 0 0 51 7,791,486.18 0.00 0.00 0.00 7,791,486.18 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.646716% 0.000000% 0.000000% 0.000000% 0.646716% 0.620523% 0.000000% 0.000000% 0.000000% 0.620523% 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 0.646716% 0.000000% 0.000000% 0.000000% 0.646716% 0.620523% 0.000000% 0.000000% 0.000000% 0.620523% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3-Fixed 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 4 0 0 0 4 407,528.12 0.00 0.00 0.00 407,528.12 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 4 0 0 0 4 407,528.12 0.00 0.00 0.00 407,528.12 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.130081% 0.000000% 0.000000% 0.000000% 0.130081% 0.077536% 0.000000% 0.000000% 0.000000% 0.077536% 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 0.130081% 0.000000% 0.000000% 0.000000% 0.130081% 0.077536% 0.000000% 0.000000% 0.000000% 0.077536%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 120,019.06 Class I-A-2 4,459,129,384.05 90.03834118% 4,388,404,065.41 90.18661863% 1.678780% 0.000000% Class I-A-3 4,211,930,384.05 85.04692111% 4,141,205,065.41 85.10640231% 5.080216% 0.000000% Class I-A-4 4,155,060,384.05 83.89860716% 4,084,335,065.41 83.93766012% 1.168742% 0.000000% Class I-A-5 3,974,691,384.05 80.25661246% 3,903,966,065.41 80.23087515% 3.706785% 0.000000% Class I-A-6 3,814,526,384.05 77.02257513% 3,743,801,065.41 76.93930501% 3.291570% 0.000000% Class I-A-7 3,729,490,384.05 75.30553583% 3,658,765,065.41 75.19171997% 1.747585% 0.000000% Class I-A-8 3,533,338,384.05 71.34485221% 3,462,613,065.41 71.16057668% 4.031143% 0.000000% Class I-A-9 3,375,656,384.05 68.16095139% 3,304,931,065.41 67.92003497% 3.240542% 0.000000% Class III-A-1 1,540,090,384.05 31.09736711% 1,540,090,384.05 31.65058232% 11.047271% 0.000000% Class III-A-2 824,919,384.05 16.65669833% 824,919,384.05 16.95301727% 14.697565% 0.000000% Class III-A-3 641,346,384.05 12.95000875% 641,346,384.05 13.18038651% 3.772631% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 6.560170% Weighted Average Net Coupon 0.000000% Weighted Average Pass-Through Rate 6.047670% Weighted Average Maturity(Stepdown Calculation ) 334 Beginning Scheduled Collateral Loan Count 30,776 Number Of Loans Paid In Full 305 Ending Scheduled Collateral Loan Count 30,471 Beginning Scheduled Collateral Balance 0.00 Ending Scheduled Collateral Balance 4,865,914,846.49 Ending Actual Collateral Balance at 31-Oct-2004 4,865,914,846.49 Monthly P &I Constant 32,152,103.41 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 5,218,610.89 Unscheduled Principal 55,597,068.19 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 0.00 Overcollateralized Amount 24,763,384.05 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 0.00

Group Level Collateral Statement Group Group 1 Group 2-ARM Group 2-Fixed Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 5.969506 7.063478 5.928667 Weighted Average Net Rate 0.000000 0.000000 0.000000 Weighted Average Maturity 325 341 341 Beginning Loan Count 8,613 11,093 11,070 Loans Paid In Full 50 2,086 9,130 Ending Loan Count 8,563 9,007 1,940 Beginning Scheduled Balance 0.00 0.00 0.00 Ending scheduled Balance 1,560,984,598.99 1,215,268,278.68 308,430,592.44 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 9,874,260.33 8,334,059.28 1,950,277.53 Scheduled Principal 2,059,492.97 1,047,081.51 413,364.05 Unscheduled Principal 7,893,398.15 21,654,477.11 2,237,150.28 Scheduled Interest 7,814,767.36 7,286,977.77 1,536,913.48 Servicing Fees 654,557.31 515,820.80 129,617.11 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 16,364.07 12,895.53 3,240.37 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 7,143,845.98 6,758,261.44 1,404,056.00 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.457006 6.550978 5.416167

Group Level Collateral Statement Group Group 3-ARM Group 3-Fixed Total Collateral Description Mixed ARM Mixed Fixed Fixed & Mixed ARM Weighted Average Coupon Rate 7.166797 6.043159 6.560170 Weighted Average Net Rate 0.000000 0.000000 0.000000 Weighted Average Maturity (1) (1) 334 Beginning Loan Count 0 0 30,776 Loans Paid In Full (7,886) (3,075) 305 Ending Loan Count 7,886 3,075 30,471 Beginning Scheduled Balance 0.00 0.00 0.00 Ending scheduled Balance 1,255,632,019.27 525,599,357.11 4,865,914,846.49 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 8,687,961.12 3,305,545.15 32,152,103.41 Scheduled Principal 1,058,715.08 639,957.28 5,218,610.89 Unscheduled Principal 20,741,210.16 3,070,832.49 55,597,068.19 Scheduled Interest 7,629,246.04 2,665,587.87 26,933,492.52 Servicing Fees 532,263.29 220,545.94 2,052,804.45 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 13,306.59 5,513.65 51,320.21 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 7,083,676.16 2,439,528.28 24,829,367.86 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.654297 5.530659 6.047670

Filing Compare · Wells Fargo Home Equity Asset-Backed Securities 2004-2 Trust