8-K 1 wfm02011.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 2002-11 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-74308-12 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 2002-11 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 2002-11 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 2002-11 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 2002-11 Trust, relating to the November 25, 2002 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: ~~9/30/02~~ 10/2531/02 Distribution Date: 11/25/02 WFMBS Series: 2002-11 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 94978VAB8 PO 0.00000% ~~972~~958,~~375~~338.8274 0.00 1416,~~037~~150.0845 A-1 94978VAA0 SEQ 6.00000% ~~206~~195,~~563~~805,~~636~~155.0434 1978,~~032,818~~912.1859 1021,~~758~~230,~~480~~178.7024 A-R 94978VAC6 RES 6.00000% 0.00 ~~147~~0.5400 0.00 B-1 94978VAD4 SUB 6.00000% 1,~~444~~439,~~171~~308.2681 7,~~220~~195.8671 4,~~862~~616.4592 B-2 94978VAE2 SUB 6.00000% ~~555~~553,~~374~~504.6068 2,~~776~~767.8720 1,~~869~~775.9250 B-3 94978VAF9 SUB 6.00000% ~~332~~331,~~435~~316.6030 1,~~662~~656.1839 1,~~119~~062.2978 B-4 94978VAG7 SUB 6.00000% 111,~~469~~094.5019 ~~557~~555.3541 ~~375~~356.3136 B-5 94978VAH5 SUB 6.00000% 111,~~469~~094.5019 ~~557~~555.3541 ~~375~~356.3136 B-6 94978VAJ1 SUB 6.00000% ~~222~~221,~~277~~529.5111 1,~~111~~107.3952 ~~748~~710.4061 Totals ~~210~~199,~~313~~531,~~209~~341.8336 1992,~~046,851~~750.7223 1021,~~781~~255,~~868~~207.4622

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 ~~958~~942,~~338~~188.7429 1416,~~037~~150.0845 0.00 A-1 0.00 ~~195~~174,~~805~~574,~~155~~977.3410 1122,~~791~~209,~~298~~090.8883 0.00 A-R 0.00 0.00 ~~147~~0.5400 0.00 B-1 0.00 1,~~439~~434,~~308~~691.8188 1211,~~083~~812.3163 0.00 B-2 0.00 ~~553~~551,~~504~~729.6819 4,~~646~~542.7970 0.00 B-3 0.00 ~~331~~330,~~316~~253.3053 2,~~781~~719.4717 0.00 B-4 0.00 ~~111~~110,~~094~~737.1983 ~~932~~911.6677 0.00 B-5 0.00 ~~111~~110,~~094~~737.1983 ~~932~~911.6677 0.00 B-6 0.00 ~~221~~220,~~529~~818.1151 1,~~859~~818.7913 0.00 Totals 0.00 ~~199~~178,~~531~~276,~~341~~134.3616 1122,~~828~~247,~~720~~957.1845 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-PO 988,156.97 ~~972~~958,~~375~~338.8274 3,~~595~~567.4673 1012,~~441~~582.6272 0.00 0.00 A-1 221,391,000.00 ~~206~~195,~~563~~805,~~636~~155.0434 ~~695~~628,~~488~~091.9754 1020,~~062~~602,~~991~~086.7270 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 1,464,000.00 1,~~444~~439,~~171~~308.2681 4,~~862~~616.4592 0.00 0.00 0.00 B-2 563,000.00 ~~555~~553,~~374~~504.6068 1,~~869~~775.9250 0.00 0.00 0.00 B-3 337,000.00 ~~332~~331,~~435~~316.6030 1,~~119~~062.2978 0.00 0.00 0.00 B-4 113,000.00 111,~~469~~094.5019 ~~375~~356.3136 0.00 0.00 0.00 B-5 113,000.00 111,~~469~~094.5019 ~~375~~356.3136 0.00 0.00 0.00 B-6 225,329.42 ~~222~~221,~~277~~529.5111 ~~748~~710.4061 0.00 0.00 0.00 Totals 225,194,586.39 ~~210~~199,~~313~~531,~~209~~341.8336 ~~708~~640,~~435~~537.1180 1020,~~073~~614,~~433~~669.3442 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-PO 1416,~~037~~150.0845 ~~958~~942,~~338~~188.7429 0.~~96982440~~95348039 1416,~~037~~150.0845 A-1 1021,~~758~~230,~~480~~178.7024 ~~195~~174,~~805~~574,~~155~~977.3410 0.~~88443141~~78853692 1021,~~758~~230,~~480~~178.7024 A-R 0.00 0.00 0.00000000 0.00 B-1 4,~~862~~616.4592 1,~~439~~434,~~308~~691.8188 0.~~98313443~~97998079 4,~~862~~616.4592 B-2 1,~~869~~775.9250 ~~553~~551,~~504~~729.6819 0.~~98313442~~97998080 1,~~869~~775.9250 B-3 1,~~119~~062.2978 ~~331~~330,~~316~~253.3053 0.~~98313442~~97998080 1,~~119~~062.2978 B-4 ~~375~~356.3136 ~~111~~110,~~094~~737.1983 0.~~98313442~~97998080 ~~375~~356.3136 B-5 ~~375~~356.3136 ~~111~~110,~~094~~737.1983 0.~~98313442~~97998080 ~~375~~356.3136 B-6 ~~748~~710.4061 ~~221~~220,~~529~~818.1151 0.~~98313443~~97998082 ~~748~~710.4061 Totals 1021,~~781~~255,~~868~~207.4622 ~~199~~178,~~531~~276,~~341~~134.3616 0.~~88603969~~79165373 1021,~~781~~255,~~868~~207.4622

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 988,156.97 ~~984~~969.~~02971342~~82439946 3.~~63855147~~61048913 1012.~~56676249~~73352350 0.00000000 A-1 221,391,000.00 ~~933~~884.~~02634723~~43141474 32.~~14145096~~83702382 4593.~~45348149~~05747162 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,464,000.00 ~~986~~983.~~45577869~~13443306 3.~~32134563~~15363388 0.00000000 0.00000000 B-2 563,000.00 ~~986~~983.~~45577265~~13442274 3.~~32134991~~15364121 0.00000000 0.00000000 B-3 337,000.00 ~~986~~983.~~45578635~~13442136 3.~~32133531~~15364985 0.00000000 0.00000000 B-4 113,000.00 ~~986~~983.~~45575221~~13442478 3.~~32132743~~15362832 0.00000000 0.00000000 B-5 113,000.00 ~~986~~983.~~45575221~~13442478 3.~~32132743~~15362832 0.00000000 0.00000000 B-6 225,329.42 ~~986~~983.~~45578549~~13442603 3.~~32135946~~15364944 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-PO 0.00000000 1416.~~20531396~~34401263 ~~969~~953.~~82439946~~48038683 0.~~96982440~~95348039 1416.~~20531396~~34401263 A-1 0.00000000 4895.~~59493249~~89449544 ~~884~~788.~~43141474~~53691930 0.~~88443141~~78853692 4895.~~59493249~~89449544 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 3.~~32134563~~15363388 ~~983~~979.~~13443306~~98079235 0.~~98313443~~97998079 3.~~32134563~~15363388 B-2 0.00000000 3.~~32134991~~15364121 ~~983~~979.~~13442274~~98079929 0.~~98313442~~97998080 3.~~32134991~~15364121 B-3 0.00000000 3.~~32133531~~15364985 ~~983~~979.~~13442136~~98080119 0.~~98313442~~97998080 3.~~32133531~~15364985 B-4 0.00000000 3.~~32132743~~15362832 ~~983~~979.~~13442478~~98079646 0.~~98313442~~97998080 3.~~32132743~~15362832 B-5 0.00000000 3.~~32132743~~15362832 ~~983~~979.~~13442478~~98079646 0.~~98313442~~97998080 3.~~32132743~~15362832 B-6 0.00000000 3.~~32135946~~15364944 ~~983~~979.~~13442603~~98082097 0.~~98313443~~97998082 3.~~32135946~~15364944 (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 988,156.97 0.00000% ~~972~~958,~~375~~338.8274 0.00 0.00 0.00 A-1 221,391,000.00 6.00000% ~~206~~195,~~563~~805,~~636~~155.0434 1979,~~032,818~~025.1878 0.00 0.00 A-R 100.00 6.00000% 0.00 0.00 0.00 0.00 B-1 1,464,000.00 6.00000% 1,~~444~~439,~~171~~308.2681 7,~~220~~196.8654 0.00 0.00 B-2 563,000.00 6.00000% ~~555~~553,~~374~~504.6068 2,~~776~~767.8752 0.00 0.00 B-3 337,000.00 6.00000% ~~332~~331,~~435~~316.6030 1,~~662~~656.1858 0.00 0.00 B-4 113,000.00 6.00000% 111,~~469~~094.5019 ~~557~~555.3547 0.00 0.00 B-5 113,000.00 6.00000% 111,~~469~~094.5019 ~~557~~555.3547 0.00 0.00 B-6 225,329.42 6.00000% ~~222~~221,~~277~~529.5111 1,~~111~~107.3965 0.00 0.00 Totals 225,194,586.39 1992,~~046,704~~865.1801 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 ~~958~~942,~~338~~188.7429 A-1 0113.0018 0.00 1978,~~032,818~~912.1859 0.00 ~~195~~174,~~805~~574,~~155~~977.3410 A-R 0.00 0.00 ~~147~~0.5400 0.00 0.00 B-1 0.0083 0.00 7,~~220~~195.8671 0.00 1,~~439~~434,~~308~~691.8188 B-2 0.0032 0.00 2,~~776~~767.8720 0.00 ~~553~~551,~~504~~729.6819 B-3 0.0019 0.00 1,~~662~~656.1839 0.00 ~~331~~330,~~316~~253.3053 B-4 0.0006 0.00 ~~557~~555.3541 0.00 ~~111~~110,~~094~~737.1983 B-5 0.0006 0.00 ~~557~~555.3541 0.00 ~~111~~110,~~094~~737.1983 B-6 0.0013 0.00 1,~~111~~107.3952 0.00 ~~221~~220,~~529~~818.1151 Totals 0114.0077 0.00 1992,~~046,851~~750.7223 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 988,156.97 0.00000% ~~984~~969.~~02971342~~82439946 0.00000000 0.00000000 0.00000000 A-1 221,391,000.00 6.00000% ~~933~~884.~~02634723~~43141474 4.~~66513174~~42215709 0.00000000 0.00000000 A-R 100.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,464,000.00 6.00000% ~~986~~983.~~45577869~~13443306 4.~~93228142~~91566940 0.00000000 0.00000000 B-2 563,000.00 6.00000% ~~986~~983.~~45577265~~13442274 4.~~93227353~~91566607 0.00000000 0.00000000 B-3 337,000.00 6.00000% ~~986~~983.~~45578635~~13442136 4.~~93228487~~91566766 0.00000000 0.00000000 B-4 113,000.00 6.00000% ~~986~~983.~~45575221~~13442478 4.~~93230088~~91566372 0.00000000 0.00000000 B-5 113,000.00 6.00000% ~~986~~983.~~45575221~~13442478 4.~~93230088~~91566372 0.00000000 0.00000000 B-6 225,329.42 6.00000% ~~986~~983.~~45578549~~13442603 4.~~93228980~~91569188 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-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~969~~953.~~82439946~~48038683 A-1 0.~~00000000~~00051122 0.00000000 4.~~66513174~~42164582 0.00000000 ~~884~~788.~~43141474~~53691930 A-R 0.00000000 0.00000000 ~~1475~~0.~~40000000~~00000000 0.00000000 0.00000000 B-1 0.~~00000000~~00056694 0.00000000 4.~~93228142~~91510246 0.00000000 ~~983~~979.~~13443306~~98079235 B-2 0.~~00000000~~00056838 0.00000000 4.~~93227353~~91509769 0.00000000 ~~983~~979.~~13442274~~98079929 B-3 0.~~00000000~~00056380 0.00000000 4.~~93228487~~91510386 0.00000000 ~~983~~979.~~13442136~~98080119 B-4 0.~~00000000~~00053097 0.00000000 4.~~93230088~~91513274 0.00000000 ~~983~~979.~~13442478~~98079646 B-5 0.~~00000000~~00053097 0.00000000 4.~~93230088~~91513274 0.00000000 ~~983~~979.~~13442478~~98079646 B-6 0.~~00000000~~00057693 0.00000000 4.~~93228980~~91511495 0.00000000 ~~983~~979.~~13442603~~98082097 (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 1122,~~863~~157,~~479~~426.8098 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 29155,~~942~~567.5594 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 1122,~~893~~312,~~422~~994.3592 Withdrawals Reimbursement for Servicer Advances 2029,~~922~~934.6559 Payment of Service Fee 4335,~~779~~102.5488 Payment of Interest and Principal 1122,~~828~~247,~~720~~957.1745 Total Withdrawals (Pool Distribution Amount) 1122,~~893~~312,~~422~~994.3692 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 39,~~014~~401.8363 Servicing Fee Support 39,~~014~~286.8386 Non-Supported Prepayment/Curtailment Interest Shortfall 0114.0077

SERVICING FEES Gross Servicing Fee 4341,~~814~~563.9543 Master Servicing Fee 2,~~979~~826.4231 Supported Prepayment/Curtailment Interest Shortfall 39,~~014~~286.8386 Net Servicing Fee 4335,~~779~~102.5488

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 95202,~~819~~754.7315

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 2,815,329.42 1.25017633% 2,~~767~~758,~~847~~968.2877 1.~~38717420~~54758167% 98.~~606131~~444196% 100.000000% Class B-1 1,351,329.42 0.60007189% 1,~~328~~324,~~538~~276.4789 0.~~66582947~~74282343% 0.~~724826~~809034% 0.000000% Class B-2 788,329.42 0.35006588% ~~775~~772,~~033~~547.7970 0.~~38842709~~43334331% 0.~~278741~~311124% 0.000000% Class B-3 451,329.42 0.20041753% ~~443~~442,~~717~~294.4917 0.~~22237985~~24809500% 0.~~166849~~186233% 0.000000% Class B-4 338,329.42 0.15023870% ~~332~~331,~~623~~556.3034 0.~~16670228~~18597909% 0.~~055946~~062446% 0.000000% Class B-5 225,329.42 0.10005987% ~~221~~220,~~529~~818.1151 0.~~11102472~~12386319% 0.~~055946~~062446% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~111561~~124521% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Fixed 15 Year Weighted Average Gross Coupon 6.~~457631~~458018% Weighted Average Pass-Through Rate 6.000000% Weighted Average Maturity(Stepdown Calculation ) ~~173~~172 Beginning Scheduled Collateral Loan Count ~~418~~402 Number Of Loans Paid In Full 1637 Ending Scheduled Collateral Loan Count ~~402~~365 Beginning Scheduled Collateral Balance ~~210~~199,~~313~~531,~~209~~341.8337 Ending Scheduled Collateral Balance ~~199~~178,~~531~~276,~~341~~134.3715 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~208~~189,~~301~~029,~~118~~070.2125 Ending Scheduled Balance For Wells Fargo Serviced ~~199~~177,~~184~~930,~~828~~816.1645 Ending Scheduled Balance For Other Servicers ~~346~~345,~~513~~317.2170 Monthly P &I Constant 1,~~838~~750,~~575~~105.5750 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1122,~~791~~209,~~298~~204.8702 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~150~~130,~~781~~636,~~966~~000.9403 Ending scheduled Balance For discounted Loans 4847,~~749~~640,~~374~~134.4312 Scheduled Principal ~~708~~640,~~435~~537.1280 Unscheduled Principal 1020,~~073~~614,~~433~~669.3442 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~198~~177,~~170~~315,~~913~~180.2491 Greater Than 80%, less than or equal to 85% ~~347,765~~0.3800 Greater than 85%, less than or equal to 95% 1,~~033~~031,~~528~~102.7754 Greater than 95% 0.00

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