8-K 1 wfm02011.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, 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 December 26, 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 December 26, 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: 1/3/03 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 December 26, 2002 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 1011/3130/02 Distribution Date: 1112/2526/02 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% ~~958~~942,~~338~~188.7429 0.00 1612,~~150~~442.4510 A-1 94978VAA0 SEQ 6.00000% ~~195~~174,~~805~~574,~~155~~977.3410 ~~978~~872,~~912~~865.5932 2118,~~230~~615,~~178~~354.24 A-R 94978VAC6 RES 6.00000% 0.00 0.00 0.00 B-1 94978VAD4 SUB 6.00000% 1,~~439~~434,~~308~~691.8188 7,~~195~~173.7138 4,~~616~~671.9297 B-2 94978VAE2 SUB 6.00000% ~~553~~551,~~504~~729.6819 2,~~767~~758.2062 1,~~775~~796.5067 B-3 94978VAF9 SUB 6.00000% ~~331~~330,~~316~~253.3053 1,~~656~~651.3925 1,~~062~~075.7845 B-4 94978VAG7 SUB 6.00000% ~~111~~110,~~094~~737.1983 ~~555~~553.4168 ~~356~~360.3661 B-5 94978VAH5 SUB 6.00000% ~~111~~110,~~094~~737.1983 ~~555~~553.4168 ~~356~~360.3661 B-6 94978VAJ1 SUB 6.00000% ~~221~~220,~~529~~818.1151 1,~~107~~104.5208 ~~710~~719.6108 Totals ~~199~~178,~~531~~276,~~341~~134.3616 ~~992~~886,~~750~~660.2301 2118,~~255~~636,~~207~~780.2273

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 ~~942~~929,~~188~~746.2919 1612,~~150~~442.4510 0.00 A-1 0.00 ~~174~~155,~~574~~959,~~977~~622.1085 2219,~~209~~488,~~090~~219.8356 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 1,~~434~~430,~~691~~019.8891 11,~~812~~845.6335 0.00 B-2 0.00 ~~551~~549,~~729~~932.1952 4,~~542~~555.7029 0.00 B-3 0.00 ~~330~~329,~~253~~178.5308 2,~~719~~726.1770 0.00 B-4 0.00 110,~~737~~377.8322 ~~911~~914.7729 0.00 B-5 0.00 110,~~737~~377.8322 ~~911~~914.7729 0.00 B-6 0.00 220,~~818~~099.5143 1,~~818~~823.1316 0.00 Totals 0.00 ~~178~~159,~~276~~639,~~134~~353.1642 2219,~~247~~523,~~957~~440.4574 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 ~~958~~942,~~338~~188.7429 3,~~567~~554.7378 128,~~582~~887.7231 0.00 0.00 A-1 221,391,000.00 ~~195~~174,~~805~~574,~~155~~977.3410 ~~628~~568,~~091~~490.5459 2018,~~602~~046,~~086~~863.7066 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,~~439~~434,~~308~~691.8188 4,~~616~~671.9297 0.00 0.00 0.00 B-2 563,000.00 ~~553~~551,~~504~~729.6819 1,~~775~~796.5067 0.00 0.00 0.00 B-3 337,000.00 ~~331~~330,~~316~~253.3053 1,~~062~~075.7845 0.00 0.00 0.00 B-4 113,000.00 ~~111~~110,~~094~~737.1983 ~~356~~360.3661 0.00 0.00 0.00 B-5 113,000.00 ~~111~~110,~~094~~737.1983 ~~356~~360.3661 0.00 0.00 0.00 B-6 225,329.42 ~~221~~220,~~529~~818.1151 ~~710~~719.6108 0.00 0.00 0.00 Totals 225,194,586.39 ~~199~~178,~~531~~276,~~341~~134.3616 ~~640~~581,~~537~~029.8076 2018,~~614~~055,~~669~~750.4297 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 1612,~~150~~442.4510 ~~942~~929,~~188~~746.2919 0.~~95348039~~94088917 1612,~~150~~442.4510 A-1 2118,~~230~~615,~~178~~354.24 ~~174~~155,~~574~~959,~~977~~622.1085 0.~~78853692~~70445331 2118,~~230~~615,~~178~~354.24 A-R 0.00 0.00 0.00000000 0.00 B-1 4,~~616~~671.9297 1,~~434~~430,~~691~~019.8891 0.~~97998079~~97678956 4,~~616~~671.9297 B-2 1,~~775~~796.5067 ~~551~~549,~~729~~932.1952 0.~~97998080~~97678956 1,~~775~~796.5067 B-3 1,~~062~~075.7845 ~~330~~329,~~253~~178.5308 0.~~97998080~~97678955 1,~~062~~075.7845 B-4 ~~356~~360.3661 110,~~737~~377.8322 0.~~97998080~~97678956 ~~356~~360.3661 B-5 ~~356~~360.3661 110,~~737~~377.8322 0.~~97998080~~97678956 ~~356~~360.3661 B-6 ~~710~~719.6108 220,~~818~~099.5143 0.~~97998082~~97678958 ~~710~~719.6108 Totals 2118,~~255~~636,~~207~~780.2273 ~~178~~159,~~276~~639,~~134~~353.1642 0.~~79165373~~70889516 2118,~~255~~636,~~207~~780.2273

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 988,156.97 ~~969~~953.~~82439946~~48038683 3.~~61048913~~59738393 128.~~73352350~~99382413 0.00000000 A-1 221,391,000.00 ~~884~~788.~~43141474~~53691930 2.~~83702382~~56781256 9381.~~05747162~~51579631 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,464,000.00 ~~983~~979.~~13443306~~98079235 3.~~15363388~~19123634 0.00000000 0.00000000 B-2 563,000.00 ~~983~~979.~~13442274~~98079929 3.~~15364121~~19124334 0.00000000 0.00000000 B-3 337,000.00 ~~983~~979.~~13442136~~98080119 3.~~15364985~~19124629 0.00000000 0.00000000 B-4 113,000.00 ~~983~~979.~~13442478~~98079646 3.~~15362832~~19123894 0.00000000 0.00000000 B-5 113,000.00 ~~983~~979.~~13442478~~98079646 3.~~15362832~~19123894 0.00000000 0.00000000 B-6 225,329.42 ~~983~~979.~~13442603~~98082097 3.~~15364944~~19123885 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 1612.~~34401263~~59121817 ~~953~~940.~~48038683~~88916865 0.~~95348039~~94088917 1612.~~34401263~~59121817 A-1 0.00000000 9584.~~89449544~~08360882 ~~788~~704.~~53691930~~45331043 0.~~78853692~~70445331 9584.~~89449544~~08360882 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 3.~~15363388~~19123634 ~~979~~976.~~98079235~~78955601 0.~~97998079~~97678956 3.~~15363388~~19123634 B-2 0.00000000 3.~~15364121~~19124334 ~~979~~976.~~98079929~~78955595 0.~~97998080~~97678956 3.~~15364121~~19124334 B-3 0.00000000 3.~~15364985~~19124629 ~~979~~976.~~98080119~~78955490 0.~~97998080~~97678955 3.~~15364985~~19124629 B-4 0.00000000 3.~~15362832~~19123894 ~~979~~976.~~98079646~~78955752 0.~~97998080~~97678956 3.~~15362832~~19123894 B-5 0.00000000 3.~~15362832~~19123894 ~~979~~976.~~98079646~~78955752 0.~~97998080~~97678956 3.~~15362832~~19123894 B-6 0.00000000 3.~~15364944~~19123885 ~~979~~976.~~98082097~~78958211 0.~~97998082~~97678958 3.~~15364944~~19123885 (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% ~~958~~942,~~338~~188.7429 0.00 0.00 0.00 A-1 221,391,000.00 6.00000% ~~195~~174,~~805~~574,~~155~~977.3410 ~~979~~872,~~025~~874.7889 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,~~439~~434,~~308~~691.8188 7,~~196~~173.5446 0.00 0.00 B-2 563,000.00 6.00000% ~~553~~551,~~504~~729.6819 2,~~767~~758.5265 0.00 0.00 B-3 337,000.00 6.00000% ~~331~~330,~~316~~253.3053 1,~~656~~651.5827 0.00 0.00 B-4 113,000.00 6.00000% ~~111~~110,~~094~~737.1983 ~~555~~553.4769 0.00 0.00 B-5 113,000.00 6.00000% ~~111~~110,~~094~~737.1983 ~~555~~553.4769 0.00 0.00 B-6 225,329.42 6.00000% ~~221~~220,~~529~~818.1151 1,~~107~~104.6509 0.00 0.00 Totals 225,194,586.39 ~~992~~886,~~865~~669.0174 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 ~~942~~929,~~188~~746.2919 A-1 ~~113~~9.1857 0.00 ~~978~~872,~~912~~865.5932 0.00 ~~174~~155,~~574~~959,~~977~~622.1085 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.8308 0.00 7,~~195~~173.7138 0.00 1,~~434~~430,~~691~~019.8891 B-2 0.3203 0.00 2,~~767~~758.2062 0.00 ~~551~~549,~~729~~932.1952 B-3 0.1902 0.00 1,~~656~~651.3925 0.00 ~~330~~329,~~253~~178.5308 B-4 0.0601 0.00 ~~555~~553.4168 0.00 110,~~737~~377.8322 B-5 0.0601 0.00 ~~555~~553.4168 0.00 110,~~737~~377.8322 B-6 0.1301 0.00 1,~~107~~104.5208 0.00 220,~~818~~099.5143 Totals ~~114~~9.7773 0.00 ~~992~~886,~~750~~660.2301 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% ~~969~~953.~~82439946~~48038683 0.00000000 0.00000000 0.00000000 A-1 221,391,000.00 6.00000% ~~884~~788.~~43141474~~53691930 43.~~42215709~~94268462 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% ~~983~~979.~~13443306~~98079235 4.~~91566940~~89990437 0.00000000 0.00000000 B-2 563,000.00 6.00000% ~~983~~979.~~13442274~~98079929 4.~~91566607~~89991119 0.00000000 0.00000000 B-3 337,000.00 6.00000% ~~983~~979.~~13442136~~98080119 4.~~91566766~~89991098 0.00000000 0.00000000 B-4 113,000.00 6.00000% ~~983~~979.~~13442478~~98079646 4.~~91566372~~89991150 0.00000000 0.00000000 B-5 113,000.00 6.00000% ~~983~~979.~~13442478~~98079646 4.~~91566372~~89991150 0.00000000 0.00000000 B-6 225,329.42 6.00000% ~~983~~979.~~13442603~~98082097 4.~~91569188~~89989279 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 ~~953~~940.~~48038683~~88916865 A-1 0.~~00051122~~00004323 0.00000000 43.~~42164582~~94264139 0.00000000 ~~788~~704.~~53691930~~45331043 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.~~00056694~~00005464 0.00000000 4.~~91510246~~89984973 0.00000000 ~~979~~976.~~98079235~~78955601 B-2 0.~~00056838~~00005329 0.00000000 4.~~91509769~~89985790 0.00000000 ~~979~~976.~~98079929~~78955595 B-3 0.~~00056380~~00005935 0.00000000 4.~~91510386~~89985163 0.00000000 ~~979~~976.~~98080119~~78955490 B-4 0.~~00053097~~00008850 0.00000000 4.~~91513274~~89982301 0.00000000 ~~979~~976.~~98079646~~78955752 B-5 0.~~00053097~~00008850 0.00000000 4.~~91513274~~89982301 0.00000000 ~~979~~976.~~98079646~~78955752 B-6 0.~~00057693~~00004438 0.00000000 4.~~91511495~~89984841 0.00000000 ~~979~~976.~~98082097~~78958211 (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 2219,~~157~~696,~~426~~352.9897 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~155~~9,~~567~~112.9417 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 2219,~~312~~705,~~994~~465.9214 Withdrawals Reimbursement for Servicer Advances 29155,~~934~~567.5994 Payment of Service Fee 3526,~~102~~456.8847 Payment of Interest and Principal 2219,~~247~~523,~~957~~440.4573 Total Withdrawals (Pool Distribution Amount) 2219,~~312~~705,~~994~~465.9214 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 913,~~401~~218.6397 Servicing Fee Support 913,~~286~~209.8624 Non-Supported Prepayment/Curtailment Interest Shortfall ~~114~~9.7773

SERVICING FEES Gross Servicing Fee 4137,~~563~~140.4318 Master Servicing Fee 2,~~826~~525.3153 Supported Prepayment/Curtailment Interest Shortfall 913,~~286~~209.8624 Net Servicing Fee 3526,~~102~~456.8847

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~202~~57,~~754~~504.1523

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 2,815,329.42 1.25017633% 2,~~758~~749,~~968~~984.7738 1.~~54758167~~72262310% 98.~~444196~~267285% 100.000000% Class B-1 1,351,329.42 0.60007189% 1,~~324~~319,~~276~~964.8947 0.~~74282343~~82684153% 0.~~809034~~901029% 0.000000% Class B-2 788,329.42 0.35006588% ~~772~~770,~~547~~031.7095 0.~~43334331~~48235722% 0.~~311124~~346502% 0.000000% Class B-3 451,329.42 0.20041753% ~~442~~440,~~294~~853.1787 0.~~24809500~~27615614% 0.~~186233~~207409% 0.000000% Class B-4 338,329.42 0.15023870% ~~331~~330,~~556~~476.3465 0.~~18597909~~20701453% 0.~~062446~~069547% 0.000000% Class B-5 225,329.42 0.10005987% 220,~~818~~099.5143 0.~~12386319~~13787291% 0.~~062446~~069547% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~124521~~138681% 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.~~458018~~445907% Weighted Average Pass-Through Rate 6.000000% Weighted Average Maturity (Stepdown Calculation ) ~~172~~171 Beginning Scheduled Collateral Loan Count ~~402~~365 Number Of Loans Paid In Full 3730 Ending Scheduled Collateral Loan Count ~~365~~335 Beginning Scheduled Collateral Balance ~~199~~178,~~531~~276,~~341~~134.3715 Ending Scheduled Collateral Balance ~~178~~159,~~276~~639,~~134~~353.1543 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2002 ~~189~~167,~~029~~964,~~070~~949.2594 Ending Scheduled Balance For Wells Fargo Serviced ~~177~~159,~~930~~295,~~816~~238.4509 Ending Scheduled Balance For Other Servicers ~~345~~344,~~317~~115.7034 Monthly P &I Constant 1,~~750~~570,~~105~~633.5045 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2219,~~209~~488,~~204~~229.0214 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~130~~115,~~636~~242,~~000~~371.0326 Ending ~~scheduled~~Scheduled Balance For ~~discounted~~Discount Loans 4744,~~640~~396,~~134~~982.1217 Scheduled Principal ~~640~~581,~~537~~029.8075 Unscheduled Principal 2018,~~614~~055,~~669~~750.4297 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~177~~158,~~315~~624,~~180~~112.9122 Greater Than 80%, less than or equal to 85% 0.00 Greater than 85%, less than or equal to 95% 1,~~031~~026,~~102~~319.5417 Greater than 95% 0.00

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