8-K 1 wfm0200c.txt NOVEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 25, 2002 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-C Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-74308-20 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, 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) ITEM 5. Other Events On November 25, 2002 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-C 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 2002-C Trust, relating to the November 25, 2002 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 2002-C Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/10/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-C Trust, relating to the November 25, 2002 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 910/3031/02 Distribution Date: 1011/25/02 WFMBS Series: 2002-C 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-1 94978PAA3 SEQ 5.~~22240~~22517% ~~191~~147,~~787~~014,~~503~~945.9798 ~~834~~640,~~652~~066.7922 4452,~~772~~184,~~557~~835.9977 A-R 94978PAB1 RES 5.~~22240~~20786% 0.00 0.00 0.00 B-1 94978PAC9 SUB 5.~~22240~~22517% 3,~~780~~777,~~368~~124.9845 16,~~452~~444.0465 32,~~244~~807.5359 B-2 94978PAD7 SUB 5.~~22240~~22517% 1,~~144~~143,~~900~~917.3371 4,~~982~~980.5733 ~~982~~850.6229 B-3 94978PAE5 SUB 5.~~22240~~22517% ~~688~~687,~~338~~748.8608 2,~~995~~994.6328 ~~590~~511.7721 B-4 94978PAF2 SUB 5.~~22240~~22517% 458,~~559~~165.5699 1,~~995~~994.6474 ~~393~~340.56 B-5 94978PAG0 SUB 5.~~22240~~22517% 343,~~669~~374.9195 1,~~495~~494.6497 ~~294~~255.9624 B-6 94978PAH8 SUB 5.~~22240~~22517% 345,~~339~~042.2283 1,502.9023 ~~296~~256.3947 Totals ~~198~~153,~~548~~770,~~680~~319.8399 ~~864~~669,~~077~~477.2142 4452,~~778~~189,~~360~~857.8213

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~147~~94,~~014~~830,~~945~~110.9821 4552,~~607~~824,~~210~~901.7899 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 3,~~777~~774,~~124~~316.4586 19,~~696~~252.5724 0.00 B-2 0.00 1,143,~~917~~067.7142 5,~~965~~830.1962 0.00 B-3 0.00 687,~~748~~236.0887 3,~~586~~505.4049 0.00 B-4 0.00 ~~458~~457,~~165~~825.9943 2,~~389~~335.2030 0.00 B-5 0.00 343,~~374~~119.9571 1,~~790~~750.6021 0.00 B-6 0.00 ~~345~~344,~~042~~786.8336 1,~~799~~758.2970 0.00 Totals 0.00 ~~153~~101,~~770~~580,~~319~~462.9986 4552,~~642~~859,~~438~~334.0355 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-1 222,617,000.00 ~~191~~147,~~787~~014,~~503~~945.9798 ~~164~~109,~~603~~278.1214 4452,~~607~~075,~~954~~557.8763 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 3,784,000.00 3,~~780~~777,~~368~~124.9845 32,~~244~~807.5359 0.00 0.00 0.00 B-2 1,146,000.00 1,~~144~~143,~~900~~917.3371 ~~982~~850.6229 0.00 0.00 0.00 B-3 689,000.00 ~~688~~687,~~338~~748.8608 ~~590~~511.7721 0.00 0.00 0.00 B-4 459,000.00 458,~~559~~165.5699 ~~393~~340.56 0.00 0.00 0.00 B-5 344,000.00 343,~~669~~374.9195 ~~294~~255.9624 0.00 0.00 0.00 B-6 345,670.92 345,~~339~~042.2283 ~~296~~256.3947 0.00 0.00 0.00 Totals 229,384,770.92 ~~198~~153,~~548~~770,~~680~~319.8399 ~~170~~114,~~405~~299.9550 4452,~~607~~075,~~954~~557.8763 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 4452,~~772~~184,~~557~~835.9977 ~~147~~94,~~014~~830,~~945~~110.9821 0.~~66039407~~42597874 4452,~~772~~184,~~557~~835.9977 A-R 0.00 0.00 0.00000000 0.00 B-1 32,~~244~~807.5359 3,~~777~~774,~~124~~316.4586 0.~~99818299~~99744103 32,~~244~~807.5359 B-2 ~~982~~850.6229 1,143,~~917~~067.7142 0.~~99818299~~99744103 ~~982~~850.6229 B-3 ~~590~~511.7721 687,~~748~~236.0887 0.~~99818299~~99744103 ~~590~~511.7721 B-4 ~~393~~340.56 ~~458~~457,~~165~~825.9943 0.~~99818298~~99744102 ~~393~~340.56 B-5 ~~294~~255.9624 343,~~374~~119.9571 0.~~99818299~~99744102 ~~294~~255.9624 B-6 ~~296~~256.3947 ~~345~~344,~~042~~786.8336 0.~~99818298~~99744103 ~~296~~256.3947 Totals 4452,~~778~~189,~~360~~857.8213 ~~153~~101,~~770~~580,~~319~~462.9986 0.~~67035976~~44283874 4452,~~778~~189,~~360~~857.8213

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 222,617,000.00 ~~861~~660.~~51328951~~39406685 0.~~73940050~~49087958 ~~200~~233.~~37982216~~92444256 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,784,000.00 ~~999~~998.~~04042812~~18299419 0.~~85743393~~74196353 0.00000000 0.00000000 B-2 1,146,000.00 ~~999~~998.~~04042757~~18299302 0.~~85743455~~74196335 0.00000000 0.00000000 B-3 689,000.00 ~~999~~998.~~04043541~~18298984 0.~~85743106~~74195936 0.00000000 0.00000000 B-4 459,000.00 ~~999~~998.~~04043573~~18298475 0.~~85742919~~74196078 0.00000000 0.00000000 B-5 344,000.00 ~~999~~998.~~04043605~~18299419 0.~~85744186~~74197674 0.00000000 0.00000000 B-6 345,670.92 ~~999~~998.~~04041682~~18298282 0.~~85743400~~74194844 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 ~~201~~234.~~11922266~~41532215 ~~660~~425.~~39406685~~97874471 0.~~66039407~~42597874 ~~201~~234.~~11922266~~41532215 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~85743393~~74196353 ~~998~~997.~~18299419~~44103066 0.~~99818299~~99744103 0.~~85743393~~74196353 B-2 0.00000000 0.~~85743455~~74196335 ~~998~~997.~~18299302~~44102967 0.~~99818299~~99744103 0.~~85743455~~74196335 B-3 0.00000000 0.~~85743106~~74195936 ~~998~~997.~~18298984~~44103048 0.~~99818299~~99744103 0.~~85743106~~74195936 B-4 0.00000000 0.~~85742919~~74196078 ~~998~~997.~~18298475~~44102397 0.~~99818298~~99744102 0.~~85742919~~74196078 B-5 0.00000000 0.~~85744186~~74197674 ~~998~~997.~~18299419~~44101744 0.~~99818299~~99744102 0.~~85744186~~74197674 B-6 0.00000000 0.~~85743400~~74194844 ~~998~~997.~~18298282~~44103438 0.~~99818298~~99744103 0.~~85743400~~74194844 (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-1 222,617,000.00 5.~~22240~~22517% ~~191~~147,~~787~~014,~~503~~945.9798 ~~834~~640,~~658~~148.7406 0.00 0.00 A-R 100.00 5.~~22240~~20786% 0.00 0.00 0.00 0.00 B-1 3,784,000.00 5.~~22240~~22517% 3,~~780~~777,~~368~~124.9845 16,~~452~~446.1676 0.00 0.00 B-2 1,146,000.00 5.~~22240~~22517% 1,~~144~~143,~~900~~917.3371 4,~~982~~980.6097 0.00 0.00 B-3 689,000.00 5.~~22240~~22517% ~~688~~687,~~338~~748.8608 2,~~995~~994.6567 0.00 0.00 B-4 459,000.00 5.~~22240~~22517% 458,~~559~~165.5699 1,~~995~~994.6599 0.00 0.00 B-5 344,000.00 5.~~22240~~22517% 343,~~669~~374.9195 1,495.6516 0.00 0.00 B-6 345,670.92 5.~~22240~~22517% 345,~~339~~042.2283 1,502.9242 0.00 0.00 Totals 229,384,770.92 ~~864~~669,~~083~~563.3703 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-1 581.9485 0.00 ~~834~~640,~~652~~066.7922 0.00 ~~147~~94,~~014~~830,~~945~~110.9821 A-R 0.00 0.00 0.00 0.00 0.00 B-1 02.1210 0.00 16,~~452~~444.0465 0.00 3,~~777~~774,~~124~~316.4586 B-2 0.0464 0.00 4,~~982~~980.5733 0.00 1,143,~~917~~067.7142 B-3 0.0238 0.00 2,~~995~~994.6328 0.00 687,~~748~~236.0887 B-4 0.0126 0.00 1,~~995~~994.6474 0.00 ~~458~~457,~~165~~825.9943 B-5 0.0119 0.00 1,~~495~~494.6497 0.00 343,~~374~~119.9571 B-6 0.0119 0.00 1,502.9023 0.00 ~~345~~344,~~042~~786.8336 Totals 685.1561 0.00 ~~864~~669,~~077~~477.2142 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-1 222,617,000.00 5.~~22240~~22517% ~~861~~660.~~51328951~~39406685 32.~~74930369~~87555784 0.00000000 0.00000000 A-R 100.00 5.~~22240~~20786% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,784,000.00 5.~~22240~~22517% ~~999~~998.~~04042812~~18299419 4.~~34782241~~34639535 0.00000000 0.00000000 B-2 1,146,000.00 5.~~22240~~22517% ~~999~~998.~~04042757~~18299302 4.~~34781850~~34639616 0.00000000 0.00000000 B-3 689,000.00 5.~~22240~~22517% ~~999~~998.~~04043541~~18298984 4.~~34782293~~34640058 0.00000000 0.00000000 B-4 459,000.00 5.~~22240~~22517% ~~999~~998.~~04043573~~18298475 4.~~34782135~~34638344 0.00000000 0.00000000 B-5 344,000.00 5.~~22240~~22517% ~~999~~998.~~04043605~~18299419 4.~~34781977~~34639535 0.00000000 0.00000000 B-6 345,670.92 5.~~22240~~22517% ~~999~~998.~~04041682~~18298282 4.~~34783464~~34638818 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.~~00002668~~00036767 0.00000000 32.~~74927696~~87519021 0.00000000 ~~660~~425.~~39406685~~97874471 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.~~00003171~~00055497 0.00000000 4.~~34779070~~34583774 0.00000000 ~~998~~997.~~18299419~~44103066 B-2 0.~~00003490~~00055846 0.00000000 4.~~34779232~~34583770 0.00000000 ~~998~~997.~~18299302~~44102967 B-3 0.~~00002903~~00055152 0.00000000 4.~~34779390~~34583454 0.00000000 ~~998~~997.~~18298984~~44103048 B-4 0.~~00002179~~00056645 0.00000000 4.~~34779956~~34583878 0.00000000 ~~998~~997.~~18298475~~44102397 B-5 0.~~00002907~~00055233 0.00000000 4.~~34779070~~34584302 0.00000000 ~~998~~997.~~18299419~~44101744 B-6 0.~~00002893~~00054966 0.00000000 4.~~34777678~~34583852 0.00000000 ~~998~~997.~~18298282~~44103438 (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 0.00 Deposits Payments of Interest and Principal 4552,~~661~~809,~~469~~342.5801 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 34105,~~605~~851.1505 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 4552,~~696~~915,~~074~~193.7306 Withdrawals Reimbursement for Servicer Advances 1834,~~638~~605.4015 Payment of Service Fee 3421,~~998~~253.3235 Payment of Interest and Principal 4552,~~642~~859,~~438~~334.0355 Total Withdrawals (Pool Distribution Amount) 4552,~~696~~915,~~074~~193.7505 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 29,~~866~~057.6964 Servicing Fee Support 2928,~~860~~972.5403 Non-Supported Prepayment/Curtailment Interest Shortfall 685.1561

SERVICING FEES Gross Servicing Fee 6248,~~046~~047.1124 Master Servicing Fee 2,~~812~~178.7614 Supported Prepayment/Curtailment Interest Shortfall 2928,~~860~~972.5403 Net Servicing Fee 3421,~~998~~253.3235

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 10 0 0 0 10 ~~422,716~~0.00 0.00 0.00 0.00 ~~422,716~~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 10 0 0 0 10 ~~422,716~~0.00 0.00 0.00 0.00 ~~422,716~~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.~~323625~~000000% 0.000000% 0.000000% 0.000000% 0.~~323625~~000000% 0.~~239816~~000000% 0.000000% 0.000000% 0.000000% 0.~~239816~~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.~~323625~~000000% 0.000000% 0.000000% 0.000000% 0.~~323625~~000000% 0.~~239816~~000000% 0.000000% 0.000000% 0.000000% 0.~~239816~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 51110,~~721~~799.1136

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 6,767,670.92 2.95035756% 6,~~755~~750,~~374~~352.0165 46.~~39315858~~64532574% 9593.~~606841~~354674% 100.000000% Class B-1 2,983,670.92 1.30072755% 2,~~978~~976,~~249~~035.5679 12.~~93681691~~92973246% 23.~~456342~~715593% 0.000000% Class B-2 1,837,670.92 0.80113031% 1,~~834~~832,~~331~~968.8537 1.~~19290371~~80444971% 01.~~743913~~125283% 0.000000% Class B-3 1,148,670.92 0.50076163% 1,~~146~~145,~~583~~731.7750 01.~~74564699~~12790537% 0.~~447257~~676544% 0.000000% Class B-4 689,670.92 0.30066116% ~~688~~687,~~417~~906.7807 0.~~44769223~~67720313% 0.~~297955~~450702% 0.000000% Class B-5 345,670.92 0.15069480% ~~345~~344,~~042~~786.8336 0.~~22438845~~33942192% 0.~~223304~~337781% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~224388~~339422% 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 5.~~614390~~617150% Weighted Average Net Coupon 5.~~222390~~225150% Weighted Average Pass-Through Rate 5.~~222390~~225150% Weighted Average Maturity(Stepdown Calculation ) ~~357~~356 Beginning Scheduled Collateral Loan Count ~~399~~309 Number Of Loans Paid In Full 90104 Ending Scheduled Collateral Loan Count ~~309~~205 Beginning Scheduled Collateral Balance ~~198~~153,~~548~~770,~~680~~320.8200 Ending Scheduled Collateral Balance ~~153~~101,~~770~~580,~~320~~462.0087 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~176~~125,~~266~~802,~~803~~346.3766 Monthly P &I Constant 1892,~~151,512~~774.3460 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4552,~~607~~824,~~216~~983.7383 Ending Scheduled Balance for Premium Loans ~~153~~101,~~770~~580,~~320~~462.0087 Scheduled Principal ~~170~~114,~~405~~299.9550 Unscheduled Principal 4452,~~607~~075,~~954~~557.8763 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~150~~97,~~095~~923,~~230~~004.0126 Greater Than 80%, less than or equal to 85% 463,~~857~~306.1967 Greater than 85%, less than or equal to 95% 3,~~215~~212,~~904~~292.5394 Greater than 95% 0.00

Filing Compare · WELLS FARGO MORTGAGE BACKED SECURITIES 2002-C TRUST