8-K 1 wfm01007.txt DECEMBER 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): December 26, 2001 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2001-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-48720-11 Pooling and Servicing Agreement) (Commission 52-2318930 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (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) ITEM 5. Other Events On December 26, 2001 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2001-7 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-7 Trust, relating to the December 26, 2001 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 2001-7 Trust By: Wells Fargo Bank Minnesota, NA, as Master Servicer By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: 1/8/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-7 Trust, relating to the December 26, 2001 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 1011/3130/01 Distribution Date: 1112/26/01 WFMBS Series: 2001-7 Contact: Customer Service - SecuritiesLink Wells Fargo Bank Minnesota, 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 A-PO 94976TAD1 PO 0.00000% 10,~~994~~984.4919 0.00 10.3036 A-1 94976TAA7 SEQ 6.50000% ~~131~~128,~~633~~756,~~781~~103.0289 ~~713~~697,~~016~~428.3190 25,~~877~~078,~~677~~673.1398 A-2 94976TAB5 SEQ 6.50000% 9,~~442~~493,~~391~~537.1847 51,~~146~~423.2933 (51,~~146~~423.2933) A-3 94976TAC3 SEQ 6.50000% 17,546,074.00 95,041.23 0.00 A-R 94976TAE9 RES 6.50000% 0.00 031.0075 0.00 B-1 94976TAF6 SUB 6.50000% 2,~~704~~701,~~158~~984.8086 14,~~647~~635.5375 2,~~173~~161.9403 B-2 94976TAG4 SUB 6.50000% ~~872~~871,~~213~~511.0585 4,~~724~~720.4969 ~~701~~697.1903 B-3 94976TAH2 SUB 6.50000% 611,~~643~~151.1341 3,~~313~~310.0740 ~~491~~488.7280 B-4 94976TAJ8 SUB 6.50000% 435,~~609~~259.2505 2,~~359~~357.5565 ~~350~~348.2012 B-5 94976TAK5 SUB 6.50000% 261,~~564~~354.4618 1,~~416~~415.8167 ~~210~~209.2803 B-6 94976TAL3 SUB 6.50000% 349,~~943~~662.6330 1,~~895~~894.5300 ~~277~~279.6266 Totals ~~163~~161,~~868~~037,~~373~~623.0120 ~~887~~872,~~560~~259.8137 25,~~830~~031,~~746~~444.0968

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 10,~~984~~973.1984 10.3036 0.00 A-1 0.00 ~~128~~123,~~756~~677,~~103~~429.8991 35,~~590~~776,~~693~~102.4488 0.00 A-2 0.00 9,~~493~~544,~~537~~960.4779 0.00 0.00 A-3 0.00 17,546,074.00 95,041.23 0.00 A-R 0.00 0.00 031.0075 0.00 B-1 0.00 2,~~701~~699,~~984~~823.8683 16,~~821~~796.4778 0.00 B-2 0.00 ~~871~~870,~~511~~814.8582 5,~~425~~417.6872 0.00 B-3 0.00 ~~611~~610,~~151~~662.4162 3,~~804~~799.7920 0.00 B-4 0.00 ~~435~~434,~~259~~910.0594 2,~~709~~705.7577 0.00 B-5 0.00 261,~~354~~145.1815 1,~~627~~624.0970 0.00 B-6 30.7100 349,~~662~~382.3064 2,173.1566 506.41 Totals 30.7100 ~~161~~156,~~037~~006,~~623~~178.2054 35,~~718~~903,~~306~~704.9005 506.41 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-PO 11,072.01 10,~~994~~984.4919 10.0410 0.26 0.00 0.00 A-1 143,547,626.00 ~~131~~128,~~633~~756,~~781~~103.0289 ~~129~~125,~~827~~879.9005 24,~~747~~952,~~849~~794.2493 0.00 0.00 A-2 9,092,000.00 9,~~442~~493,~~391~~537.1847 0.00 0.00 (51,~~146~~423.2933) 0.00 A-3 17,546,074.00 17,546,074.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 2,719,000.00 2,~~704~~701,~~158~~984.8086 2,~~173~~161.9403 0.00 0.00 0.00 B-2 877,000.00 ~~872~~871,~~213~~511.0585 ~~701~~697.1903 0.00 0.00 0.00 B-3 615,000.00 611,~~643~~151.1341 ~~491~~488.7280 0.00 0.00 0.00 B-4 438,000.00 435,~~609~~259.2505 ~~350~~348.2012 0.00 0.00 0.00 B-5 263,000.00 261,~~564~~354.4618 ~~210~~209.2803 0.00 0.00 0.00 B-6 351,864.22 349,~~943~~662.6330 ~~277~~279.6266 0.00 0.00 30.7100 Totals 175,460,736.23 ~~163~~161,~~868~~037,~~373~~623.0120 ~~134~~130,~~042~~072.8982 24,~~747~~952,~~849~~795.5019 (51,~~146~~423.2933) 30.7100 (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-PO 10.3036 10,~~984~~973.1984 0.~~99206829~~99113350 10.3036 A-1 25,~~877~~078,~~677~~673.1398 ~~128~~123,~~756~~677,~~103~~429.8991 0.~~89695739~~86157768 25,~~877~~078,~~677~~673.1398 A-2 (51,~~146~~423.2933) 9,~~493~~544,~~537~~960.4779 1.~~04416382~~04981971 (51,~~146~~423.2933) A-3 0.00 17,546,074.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 2,~~173~~161.9403 2,~~701~~699,~~984~~823.8683 0.~~99374213~~99294734 2,~~173~~161.9403 B-2 ~~701~~697.1903 ~~871~~870,~~511~~814.8582 0.~~99374213~~99294734 ~~701~~697.1903 B-3 ~~491~~488.7280 ~~611~~610,~~151~~662.4162 0.~~99374213~~99294735 ~~491~~488.7280 B-4 ~~350~~348.2012 ~~435~~434,~~259~~910.0594 0.~~99374212~~99294735 ~~350~~348.2012 B-5 ~~210~~209.2803 261,~~354~~145.1815 0.~~99374213~~99294734 ~~210~~209.2803 B-6 ~~281~~279.3366 349,~~662~~382.3064 0.~~99374213~~99294734 ~~277~~279.6266 Totals 25,~~830~~031,~~749~~444.8068 ~~161~~156,~~037~~006,~~623~~178.2054 0.~~91779863~~88912301 25,~~830~~031,~~746~~444.0968

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 11,072.01 992.~~99856124~~06828751 0.~~90679109~~91221016 0.02348264 0.00000000 A-1 143,547,626.00 ~~917~~896.~~00423537~~95738953 0.~~90442387~~87691489 1934.~~14242204~~50279930 0.00000000 A-2 9,092,000.00 ~~1038~~1044.~~53840519~~16382204 0.00000000 0.00000000 (5.~~62541685~~65588759) A-3 17,546,074.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,719,000.00 ~~994~~993.~~54166973~~74213314 0.~~79953659~~79478853 0.00000000 0.00000000 B-2 877,000.00 ~~994~~993.~~54167617~~74213227 0.~~79953250~~79478905 0.00000000 0.00000000 B-3 615,000.00 ~~994~~993.~~54167480~~74213008 0.~~79954472~~79479675 0.00000000 0.00000000 B-4 438,000.00 ~~994~~993.~~54166667~~74212329 0.~~79954338~~79479452 0.00000000 0.00000000 B-5 263,000.00 ~~994~~993.~~54167300~~74212928 0.~~79954373~~79479087 0.00000000 0.00000000 B-6 351,864.22 ~~994~~993.~~54167292~~74213155 0.~~78899753~~79479522 0.00000000 0.00000000 (2) Per $1,000 Denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-PO 0.00000000 0.~~93027373~~93569280 ~~992~~991.~~06828751~~13349789 0.~~99206829~~99113350 0.~~93027373~~93569280 A-1 0.00000000 2035.~~04684585~~37971419 ~~896~~861.~~95738953~~57767534 0.~~89695739~~86157768 2035.~~04684585~~37971419 A-2 0.00000000 (5.~~62541685~~65588759) 1,~~044~~049.~~16382204~~81970853 1.~~04416382~~04981971 (5.~~62541685~~65588759) A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~79953659~~79478853 ~~993~~992.~~74213314~~94734461 0.~~99374213~~99294734 0.~~79953659~~79478853 B-2 0.00000000 0.~~79953250~~79478905 ~~993~~992.~~74213227~~94734322 0.~~99374213~~99294734 0.~~79953250~~79478905 B-3 0.00000000 0.~~79954472~~79479675 ~~993~~992.~~74213008~~94734959 0.~~99374213~~99294735 0.~~79954472~~79479675 B-4 0.00000000 0.~~79954338~~79479452 ~~993~~992.~~74212329~~94735160 0.~~99374212~~99294735 0.~~79954338~~79479452 B-5 0.00000000 0.~~79954373~~79479087 ~~993~~992.~~74212928~~94733840 0.~~99374213~~99294734 0.~~79954373~~79479087 B-6 0.~~01054384~~00000000 0.~~79954137~~79479522 ~~993~~992.~~74213155~~94733633 0.~~99374213~~99294734 0.~~78899753~~79479522 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, 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-PO 11,072.01 0.00000% 10,~~994~~984.4919 0.00 0.00 0.00 A-1 143,547,626.00 6.50000% ~~131~~128,~~633~~756,~~781~~103.0289 ~~713~~697,~~016~~428.3190 0.00 0.00 A-2 9,092,000.00 6.50000% 9,~~442~~493,~~391~~537.1847 51,~~146~~423.2933 0.00 0.00 A-3 17,546,074.00 6.50000% 17,546,074.00 95,041.23 0.00 0.00 A-R 100.00 6.50000% 0.00 0.00 0.00 0.00 B-1 2,719,000.00 6.50000% 2,~~704~~701,~~158~~984.8086 14,~~647~~635.5375 0.00 0.00 B-2 877,000.00 6.50000% ~~872~~871,~~213~~511.0585 4,~~724~~720.4969 0.00 0.00 B-3 615,000.00 6.50000% 611,~~643~~151.1341 3,~~313~~310.0740 0.00 0.00 B-4 438,000.00 6.50000% 435,~~609~~259.2505 2,~~359~~357.5565 0.00 0.00 B-5 263,000.00 6.50000% 261,~~564~~354.4618 1,~~416~~415.8167 0.00 0.00 B-6 351,864.22 6.50000% 349,~~943~~662.6330 1,~~895~~894.5300 0.00 0.00 Totals 175,460,736.23 ~~887~~872,~~560~~227.8162 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-PO 0.00 0.00 0.00 0.00 10,~~984~~973.1984 A-1 0.00 0.00 ~~713~~697,~~016~~428.3190 0.00 ~~128~~123,~~756~~677,~~103~~429.8991 A-2 0.00 0.00 51,~~146~~423.2933 0.00 9,~~493~~544,~~537~~960.4779 A-3 0.00 0.00 95,041.23 0.00 17,546,074.00 A-R 0.00 0.00 031.0075 0.00 0.00 B-1 0.00 0.00 14,~~647~~635.5375 0.00 2,~~701~~699,~~984~~823.8683 B-2 0.00 0.00 4,~~724~~720.4969 0.00 ~~871~~870,~~511~~814.8582 B-3 0.00 0.00 3,~~313~~310.0740 0.00 ~~611~~610,~~151~~662.4162 B-4 0.00 0.00 2,~~359~~357.5565 0.00 ~~435~~434,~~259~~910.0594 B-5 0.00 0.00 1,~~416~~415.8167 0.00 261,~~354~~145.1815 B-6 0.00 0.00 1,~~895~~894.5300 0.00 349,~~662~~382.3064 Totals 0.00 0.00 ~~887~~872,~~560~~259.8137 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, 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-PO 11,072.01 0.00000% 992.~~99856124~~06828751 0.00000000 0.00000000 0.00000000 A-1 143,547,626.00 6.50000% ~~917~~896.~~00423537~~95738953 4.~~96710625~~85851922 0.00000000 0.00000000 A-2 9,092,000.00 6.50000% ~~1038~~1044.~~53840519~~16382204 5.~~62541685~~65588759 0.00000000 0.00000000 A-3 17,546,074.00 6.50000% 1000.00000000 5.41666643 0.00000000 0.00000000 A-R 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,719,000.00 6.50000% ~~994~~993.~~54166973~~74213314 5.~~38710188~~38276940 0.00000000 0.00000000 B-2 877,000.00 6.50000% ~~994~~993.~~54167617~~74213227 5.~~38710376~~38277081 0.00000000 0.00000000 B-3 615,000.00 6.50000% ~~994~~993.~~54167480~~74213008 5.~~38710569~~38276423 0.00000000 0.00000000 B-4 438,000.00 6.50000% ~~994~~993.~~54166667~~74212329 5.~~38710046~~38276256 0.00000000 0.00000000 B-5 263,000.00 6.50000% ~~994~~993.~~54167300~~74212928 5.~~38711027~~38277567 0.00000000 0.00000000 B-6 351,864.22 6.50000% ~~994~~993.~~54167292~~74213155 5.~~38710642~~38275816 0.00000000 0.00000000 (5) Per 1,000 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-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~992~~991.~~06828751~~13349789 A-1 0.00000000 0.00000000 4.~~96710625~~85851922 0.00000000 ~~896~~861.~~95738953~~57767534 A-2 0.00000000 0.00000000 5.~~62541685~~65588759 0.00000000 ~~1044~~1049.~~16382204~~81970853 A-3 0.00000000 0.00000000 5.41666643 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0317.~~00000000~~50000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 5.~~38710188~~38276940 0.00000000 ~~993~~992.~~74213314~~94734461 B-2 0.00000000 0.00000000 5.~~38710376~~38277081 0.00000000 ~~993~~992.~~74213227~~94734322 B-3 0.00000000 0.00000000 5.~~38710569~~38276423 0.00000000 ~~993~~992.~~74213008~~94734959 B-4 0.00000000 0.00000000 5.~~38710046~~38276256 0.00000000 ~~993~~992.~~74212329~~94735160 B-5 0.00000000 0.00000000 5.~~38711027~~38277567 0.00000000 ~~993~~992.~~74212928~~94733840 B-6 0.00000000 0.00000000 5.~~38710642~~38275816 0.00000000 ~~993~~992.~~74213155~~94733633 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance ~~40,967~~0.6000 Deposits Payments of Interest and Principal 35,~~709~~906,~~690~~542.2453 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 333,~~083~~980.6972 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 35,~~712~~940,~~773~~523.9325 Withdrawals Reimbursement for Servicer Advances 03,083.0069 Payment of Service Fee 3533,~~434~~735.6252 Payment of Interest and Principal 35,~~718~~903,~~306~~704.8905 Total Withdrawals (Pool Distribution Amount) 35,~~753~~940,~~741~~523.5126 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 12,~~025~~095.9309 Servicing Fee Support 12,~~025~~095.9309 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 3433,~~139~~549.0926 Master Servicing Fee 2,~~321~~281.4635 Supported Prepayment/Curtailment Interest Shortfall 12,~~025~~095.9309 Net Servicing Fee 3533,~~434~~735.6252

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 12 0 0 0 12 ~~426~~1,~~197~~128,880.7034 0.00 0.00 0.00 ~~426~~1,~~197~~128,880.7034 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 12 0 0 0 12 ~~426~~1,~~197~~128,880.7034 0.00 0.00 0.00 ~~426~~1,~~197~~128,880.7034 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.~~246305~~507614% 0.000000% 0.000000% 0.000000% 0.~~246305~~507614% 0.~~261807~~712966% 0.000000% 0.000000% 0.000000% 0.~~261807~~712966% 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.~~246305~~507614% 0.000000% 0.000000% 0.000000% 0.~~246305~~507614% 0.~~261807~~712966% 0.000000% 0.000000% 0.000000% 0.~~261807~~712966%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~104~~124,~~010~~113.0724

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 5,263,864.22 3.00002401% 5,~~230~~226,~~923~~740.6500 3.~~24826183~~35034167% 96.~~751517~~649423% 100.000000% Class B-1 2,544,864.22 1.45038957% 2,~~528~~526,~~938~~916.7917 1.~~57040246~~61975391% 1.~~677974~~730710% 0.000000% Class B-2 1,667,864.22 0.95056265% 1,~~657~~656,~~426~~101.9435 1.~~02921721~~06156139% 0.~~541222~~558232% 0.000000% Class B-3 1,052,864.22 0.60005688% 1,~~046~~045,~~275~~438.5373 0.~~64970875~~67012649% 0.~~379534~~391462% 0.000000% Class B-4 614,864.22 0.35042838% ~~611~~610,~~016~~527.4879 0.~~37942468~~39134847% 0.~~270303~~278798% 0.000000% Class B-5 351,864.22 0.20053730% 349,~~662~~382.3064 0.~~21713081~~22395436% 0.~~162305~~167406% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~217146~~223970% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.05699281% 100,000.00 0.~~06209729~~06410003% Fraud 3,509,214.72 2.00000000% 3,509,214.72 2.~~17912724~~24940753% Special Hazard 2,698,190.00 1.53777424% 2,698,190.00 1.~~67550287~~72954047% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Fixed 30 year - Relocation Weighted Average Gross Coupon 7.~~383944~~379752% Weighted Average Pass-Through Rate 6.500000% Weighted Average Maturity(Stepdown Calculation ) ~~350~~349 Beginning Scheduled Collateral Loan Count ~~412~~406 Number Of Loans Paid In Full 612 Ending Scheduled Collateral Loan Count ~~406~~394 Beginning Scheduled Collateral Balance ~~163~~161,~~868~~037,~~373~~623.0121 Ending Scheduled Collateral Balance ~~161~~156,~~037~~006,~~623~~178.2154 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2001 ~~162~~158,~~790~~335,~~696~~823.7750 Ending Scheduled Balance For Wells Fargo Serviced ~~154~~149,~~772~~746,~~141~~036.4164 Ending Scheduled Balance For Other Servicers 6,~~265~~260,~~481~~141.8090 Monthly P &I Constant 1,~~057~~040,~~808~~754.4733 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 35,~~685~~871,~~734~~144.6811 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~156~~151,~~837~~810,~~784~~300.5203 Ending scheduled Balance For discounted Loans 4,~~199~~195,~~838~~878.6951 Scheduled Principal ~~131~~128,~~739~~798.1024 Unscheduled Principal 24,~~699~~902,~~010~~646.7043 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~123~~119,~~799~~419,~~166~~177.7708 Greater Than 80%, less than or equal to 85% 5,~~579~~249,~~505~~416.7281 Greater than 85%, less than or equal to 95% 31,~~663~~346,~~656~~077.8866 Greater than 95% 0.00

Filing Compare · WELLS FARGO ASSET SEC CORP MOR PASS THR CERT SER 2001-7