8-K 1 wfm03007.txt SEPTEMBER 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): September 25, 2003 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-98129-23 54-2121772 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 September 25, 2003 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-7 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 2003-7 Trust, relating to the September 25, 2003 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 2003-7 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: 9/29/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-7 Trust, relating to the September 25, 2003 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 78/31/03 Distribution Date: 89/25/03 WFMBS Series: 2003-7 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 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 949804AG3 SEN 0.00000% 15,~~597~~535.5389 0.00 61.6488 A-1 949804AA6 SEN 4.50000% ~~338~~308,~~903~~630,~~000~~665.0049 1,~~268~~156,~~385~~933.7165 3019,~~272~~877,~~334~~434.5155 A-2 949804AB4 SEN 4.50000% 6255,~~000~~810,~~000~~585.0070 ~~232~~209,~~042~~211.5469 69,~~189~~110,~~414~~224.3046 A-3 949804AC2 SEN 4.50000% 79,680,000.00 298,~~212~~688.0964 0.00 A-4 949804AD0 SEN 4.50000% 5,961,000.00 22,~~309~~345.7742 0.00 A-5 949804AE8 SEN 4.50000% ~~3,005,000~~0.00 ~~11,246~~0.5800 ~~3,005,000~~0.00 A-6 949804AF5 SEN 4.50000% ~~4,680,000~~0.00 ~~17,515~~0.4700 ~~4,680,000~~0.00 A-R 949804AH1 SEN 4.50000% ~~100~~0.00 0.3700 ~~100~~0.00 B-1 949804AJ7 SUB 4.50000% 3,~~253~~241,~~000~~898.0034 12,~~174~~152.7559 11,~~101~~477.6659 B-2 949804AK4 SUB 4.50000% ~~751~~748,~~000~~437.0003 2,~~810~~805.7159 2,~~562~~649.9776 B-3 949804AL2 SUB 4.50000% 1997,~~001,000~~583.0084 3,~~746~~739.3655 3,~~416~~531.1684 B-4 949804AM0 SUB 4.50000% ~~500~~498,~~000~~293.0063 1,~~871~~867.3190 1,~~706~~764.3715 B-5 949804AN8 SUB 4.50000% ~~250~~249,~~000~~146.0081 ~~935~~933.6695 ~~853~~882.1908 B-6 949804AP3 SUB 4.50000% ~~501~~499,~~360~~649.5756 1,~~876~~872.4099 1,~~711~~768.0195 Totals ~~500~~456,~~501~~332,~~058~~796.1029 1,~~873~~710,~~127~~551.7297 4429,~~168~~009,~~261~~795.8126

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 15,~~535~~474.8901 61.6488 0.00 A-1 0.00 ~~308~~288,~~630~~753,~~665~~230.4994 3121,~~540~~034,~~720~~368.2220 0.00 A-2 0.00 5546,~~810~~700,~~585~~361.7024 69,~~421~~319,~~456~~436.8415 0.00 A-3 0.00 79,680,000.00 298,~~212~~688.0964 0.00 A-4 0.00 5,961,000.00 22,~~309~~345.7742 0.00 A-5 0.00 0.00 ~~3,016,246~~0.5800 0.00 A-6 0.00 0.00 ~~4,697,515~~0.4700 0.00 A-R 0.00 0.00 ~~100~~0.3700 0.00 B-1 0.00 3,~~241~~230,~~898~~420.3475 23,~~276~~630.4118 0.00 B-2 0.00 ~~748~~745,~~437~~787.0327 5,~~373~~455.6835 0.00 B-3 0.00 ~~997~~994,~~583~~052.8400 7,~~162~~271.5239 0.00 B-4 0.00 ~~498~~496,~~293~~529.6347 3,~~577~~632.6805 0.00 B-5 0.00 ~~249~~248,~~146~~264.8174 1,~~788~~816.8503 0.00 B-6 0.00 ~~499~~497,~~649~~880.5660 3,~~587~~641.4194 0.00 Totals 0.00 ~~456~~427,~~332~~323,~~796~~001.2902 4630,~~041~~720,~~389~~347.5323 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 15,597.53 15,~~597~~535.5389 60.7195 0.93 0.00 0.00 A-1 338,903,000.00 ~~338~~308,~~903~~630,~~000~~665.0049 1,~~156~~092,~~587~~673.5720 2918,~~115~~784,~~746~~761.9434 0.00 0.00 A-2 62,000,000.00 6255,~~000~~810,~~000~~585.0070 ~~236~~500,~~473~~793.3391 58,~~952~~609,~~940~~430.9755 0.00 0.00 A-3 79,680,000.00 79,680,000.00 0.00 0.00 0.00 0.00 A-4 5,961,000.00 5,961,000.00 0.00 0.00 0.00 0.00 A-5 3,005,000.00 ~~3,005,000~~0.00 ~~115,238~~0.9900 ~~2,901,007~~0.5900 ~~(11,246~~0.~~58)~~00 0.00 A-6 4,680,000.00 ~~4,680,000~~0.00 ~~179,473~~0.7000 ~~4,518,041~~0.7700 ~~(17,515~~0.~~47)~~00 0.00 A-R 100.00 ~~100~~0.00 30.8200 960.1800 0.00 0.00 B-1 3,253,000.00 3,~~253~~241,~~000~~898.0034 11,~~101~~477.6659 0.00 0.00 0.00 B-2 751,000.00 ~~751~~748,~~000~~437.0003 2,~~562~~649.9776 0.00 0.00 0.00 B-3 1,001,000.00 1997,~~001,000~~583.0084 3,~~416~~531.1684 0.00 0.00 0.00 B-4 500,000.00 ~~500~~498,~~000~~293.0063 1,~~706~~764.3715 0.00 0.00 0.00 B-5 250,000.00 ~~250~~249,~~000~~146.0081 ~~853~~882.1908 0.00 0.00 0.00 B-6 501,360.57 ~~501~~499,~~360~~649.5756 1,~~711~~768.0195 0.00 0.00 0.00 Totals 500,501,058.10 ~~500~~456,~~501~~332,~~058~~796.1029 1,~~709~~615,~~189~~602.4843 4227,~~487~~394,~~834~~192.3882 ~~(28,762~~0.~~05)~~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 61.6488 15,~~535~~474.8901 0.~~99604809~~99208080 61.6488 A-1 3019,~~272~~877,~~334~~434.5155 ~~308~~288,~~630~~753,~~665~~230.4994 0.~~91067552~~85202324 3019,~~272~~877,~~334~~434.5155 A-2 69,~~189~~110,~~414~~224.3046 5546,~~810~~700,~~585~~361.7024 0.~~90017074~~75323163 69,~~189~~110,~~414~~224.3046 A-3 0.00 79,680,000.00 1.00000000 0.00 A-4 0.00 5,961,000.00 1.00000000 0.00 A-5 ~~3,005,000~~0.00 0.00 0.00000000 ~~3,005,000~~0.00 A-6 ~~4,680,000~~0.00 0.00 0.00000000 ~~4,680,000~~0.00 A-R ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 B-1 11,~~101~~477.6659 3,~~241~~230,~~898~~420.3475 0.~~99658725~~99305895 11,~~101~~477.6659 B-2 2,~~562~~649.9776 ~~748~~745,~~437~~787.0327 0.~~99658726~~99305895 2,~~562~~649.9776 B-3 3,~~416~~531.1684 ~~997~~994,~~583~~052.8400 0.~~99658725~~99305894 3,~~416~~531.1684 B-4 1,~~706~~764.3715 ~~498~~496,~~293~~529.6347 0.~~99658726~~99305894 1,~~706~~764.3715 B-5 ~~853~~882.1908 ~~249~~248,~~146~~264.8174 0.~~99658724~~99305896 ~~853~~882.1908 B-6 1,~~711~~768.0195 ~~499~~497,~~649~~880.5660 0.~~99658727~~99305895 1,~~711~~768.0195 Totals 4429,~~168~~009,~~261~~795.8126 ~~456~~427,~~332~~323,~~796~~001.2902 0.~~91175191~~85379040 4429,~~168~~009,~~261~~795.8126

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 15,597.53 ~~1000~~996.~~00000000~~04809223 3.~~89228294~~90767000 0.05962483 0.00000000 A-1 338,903,000.00 ~~1000~~910.~~00000000~~67551922 3.~~41273925~~22414732 8555.~~91174153~~42813531 0.00000000 A-2 62,000,000.00 ~~1000~~900.~~00000000~~17073710 38.~~81408597~~07732113 96138.~~01517694~~86178306 0.00000000 A-3 79,680,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 5,961,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-5 3,005,000.00 ~~1000~~0.00000000 380.~~34908153~~00000000 ~~965~~0.~~39354077~~00000000 (30.~~74262230)~~00000000 A-6 4,680,000.00 ~~1000~~0.00000000 380.~~34908120~~00000000 ~~965~~0.~~39354060~~00000000 (30.~~74262179)~~00000000 A-R 100.00 ~~1000~~0.00000000 380.~~20000000~~00000000 ~~961~~0.~~80000000~~00000000 0.00000000 B-1 3,253,000.00 ~~1000~~996.~~00000000~~58725484 3.~~41274516~~52830925 0.00000000 0.00000000 B-2 751,000.00 ~~1000~~996.~~00000000~~58725699 3.~~41274301~~52830892 0.00000000 0.00000000 B-3 1,001,000.00 ~~1000~~996.~~00000000~~58725275 3.~~41274725~~52831169 0.00000000 0.00000000 B-4 500,000.00 ~~1000~~996.~~00000000~~58726000 3.~~41274000~~52830000 0.00000000 0.00000000 B-5 250,000.00 ~~1000~~996.~~00000000~~58724000 3.~~41276000~~52832000 0.00000000 0.00000000 B-6 501,360.57 ~~1000~~996.~~00000000~~58726653 3.~~41273347~~52829900 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 3.~~95190777~~96729482 ~~996~~992.~~04809223~~08079741 0.~~99604809~~99208080 3.~~95190777~~96729482 A-1 0.00000000 8958.~~32448078~~65228266 ~~910~~852.~~67551922~~02323656 0.~~91067552~~85202324 8958.~~32448078~~65228266 A-2 0.00000000 99146.~~82926290~~93910419 ~~900~~753.~~17073710~~23163290 0.~~90017074~~75323163 99146.~~82926290~~93910419 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-5 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 A-6 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 A-R 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 B-1 0.00000000 3.~~41274516~~52830925 ~~996~~993.~~58725484~~05894559 0.~~99658725~~99305895 3.~~41274516~~52830925 B-2 0.00000000 3.~~41274301~~52830892 ~~996~~993.~~58725699~~05894807 0.~~99658726~~99305895 3.~~41274301~~52830892 B-3 0.00000000 3.~~41274725~~52831169 ~~996~~993.~~58725275~~05894106 0.~~99658725~~99305894 3.~~41274725~~52831169 B-4 0.00000000 3.~~41274000~~52830000 ~~996~~993.~~58726000~~05894000 0.~~99658726~~99305894 3.~~41274000~~52830000 B-5 0.00000000 3.~~41276000~~52832000 ~~996~~993.~~58724000~~05896000 0.~~99658724~~99305896 3.~~41276000~~52832000 B-6 0.00000000 3.~~41273347~~52829900 ~~996~~993.~~58726653~~05894758 0.~~99658727~~99305895 3.~~41273347~~52829900 (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 15,597.53 0.00000% 15,~~597~~535.5389 0.00 0.00 0.00 A-1 338,903,000.00 4.50000% ~~338~~308,~~903~~630,~~000~~665.0049 1,~~270~~157,~~886~~365.2500 0.00 0.00 A-2 62,000,000.00 4.50000% 6255,~~000~~810,~~000~~585.0070 ~~232~~209,~~500~~289.0070 0.00 0.00 A-3 79,680,000.00 4.50000% 79,680,000.00 298,800.00 0.00 0.00 A-4 5,961,000.00 4.50000% 5,961,000.00 22,353.75 0.00 0.00 A-5 3,005,000.00 4.50000% ~~3,005,000~~0.00 ~~11,268~~0.7500 0.00 0.00 A-6 4,680,000.00 4.50000% ~~4,680,000~~0.00 ~~17,550~~0.00 0.00 0.00 A-R 100.00 4.50000% ~~100~~0.00 0.3800 0.00 0.00 B-1 3,253,000.00 4.50000% 3,~~253~~241,~~000~~898.0034 12,~~198~~157.7512 0.00 0.00 B-2 751,000.00 4.50000% ~~751~~748,~~000~~437.0003 2,~~816~~806.2564 0.00 0.00 B-3 1,001,000.00 4.50000% 1997,~~001,000~~583.0084 3,~~753~~740.7594 0.00 0.00 B-4 500,000.00 4.50000% ~~500~~498,~~000~~293.0063 1,~~875~~868.0060 0.00 0.00 B-5 250,000.00 4.50000% ~~250~~249,~~000~~146.0081 ~~937~~934.5030 0.00 0.00 B-6 501,360.57 4.50000% ~~501~~499,~~360~~649.5756 1,~~880~~873.1069 0.00 0.00 Totals 500,501,058.10 1,~~876~~711,~~820~~189.4874 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 15,~~535~~474.8901 A-1 ~~2,500~~431.5435 0.00 1,~~268~~156,~~385~~933.7165 0.00 ~~308~~288,~~630~~753,~~665~~230.4994 A-2 ~~457~~78.4600 0.00 ~~232~~209,~~042~~211.5469 0.00 5546,~~810~~700,~~585~~361.7024 A-3 ~~587~~111.9136 0.00 298,~~212~~688.0964 0.00 79,680,000.00 A-4 438.9833 0.00 22,~~309~~345.7742 0.00 5,961,000.00 A-5 220.1700 0.00 ~~11,246~~0.5800 0.00 0.00 A-6 340.5300 0.00 ~~17,515~~0.4700 0.00 0.00 A-R 0.00 0.00 0.3700 0.00 0.00 B-1 244.0053 0.00 12,~~174~~152.7559 0.00 3,~~241~~230,~~898~~420.3475 B-2 51.5405 0.00 2,~~810~~805.7159 0.00 ~~748~~745,~~437~~787.0327 B-3 71.39 0.00 3,~~746~~739.3655 0.00 ~~997~~994,~~583~~052.8400 B-4 30.6970 0.00 1,~~871~~867.3190 0.00 ~~498~~496,~~293~~529.6347 B-5 10.8435 0.00 ~~935~~933.6695 0.00 ~~249~~248,~~146~~264.8174 B-6 30.70 0.00 1,~~876~~872.4099 0.00 ~~499~~497,~~649~~880.5660 Totals ~~3,692~~637.7576 0.00 1,~~873~~710,~~127~~551.7297 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 15,597.53 0.00000% ~~1000~~996.~~00000000~~04809223 0.00000000 0.00000000 0.00000000 A-1 338,903,000.00 4.50000% ~~1000~~910.~~00000000~~67551922 3.~~75000000~~41503321 0.00000000 0.00000000 A-2 62,000,000.00 4.50000% ~~1000~~900.~~00000000~~17073710 3.~~75000000~~37564032 0.00000000 0.00000000 A-3 79,680,000.00 4.50000% 1000.00000000 3.75000000 0.00000000 0.00000000 A-4 5,961,000.00 4.50000% 1000.00000000 3.75000000 0.00000000 0.00000000 A-5 3,005,000.00 4.50000% ~~1000~~0.00000000 30.~~75000000~~00000000 0.00000000 0.00000000 A-6 4,680,000.00 4.50000% ~~1000~~0.00000000 30.~~75000000~~00000000 0.00000000 0.00000000 A-R 100.00 4.50000% ~~1000~~0.00000000 30.~~80000000~~00000000 0.00000000 0.00000000 B-1 3,253,000.00 4.50000% ~~1000~~996.~~00000000~~58725484 3.~~75000000~~73720258 0.00000000 0.00000000 B-2 751,000.00 4.50000% ~~1000~~996.~~00000000~~58725699 3.~~75000000~~73720373 0.00000000 0.00000000 B-3 1,001,000.00 4.50000% ~~1000~~996.~~00000000~~58725275 3.~~75000000~~73720280 0.00000000 0.00000000 B-4 500,000.00 4.50000% ~~1000~~996.~~00000000~~58726000 3.~~75000000~~73720000 0.00000000 0.00000000 B-5 250,000.00 4.50000% ~~1000~~996.~~00000000~~58724000 3.~~75000000~~73720000 0.00000000 0.00000000 B-6 501,360.57 4.50000% ~~1000~~996.~~00000000~~58726653 3.~~74999574~~73721053 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 ~~996~~992.~~04809223~~08079741 A-1 0.~~00737834~~00127278 0.00000000 3.~~74262166~~41376043 0.00000000 ~~910~~852.~~67551922~~02323656 A-2 0.~~00737839~~00125806 0.00000000 3.~~74262161~~37438210 0.00000000 ~~900~~753.~~17073710~~23163290 A-3 0.~~00737839~~00139759 0.00000000 3.~~74262161~~74860241 0.00000000 1000.00000000 A-4 0.~~00737796~~00139742 0.00000000 3.~~74262204~~74860258 0.00000000 1000.00000000 A-5 0.~~00737770~~00000000 0.00000000 30.~~74262230~~00000000 0.00000000 0.00000000 A-6 0.~~00737821~~00000000 0.00000000 30.~~74262179~~00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 30.~~70000000~~00000000 0.00000000 0.00000000 B-1 0.~~00737781~~00139256 0.00000000 3.~~74262219~~73581002 0.00000000 ~~996~~993.~~58725484~~05894559 B-2 0.~~00737683~~00139814 0.00000000 3.~~74262317~~73580559 0.00000000 ~~996~~993.~~58725699~~05894807 B-3 0.~~00738262~~00138861 0.00000000 3.~~74261738~~73581419 0.00000000 ~~996~~993.~~58725275~~05894106 B-4 0.~~00738000~~00140000 0.00000000 3.~~74262000~~73580000 0.00000000 ~~996~~993.~~58726000~~05894000 B-5 0.~~00736000~~00140000 0.00000000 3.~~74264000~~73580000 0.00000000 ~~996~~993.~~58724000~~05896000 B-6 0.~~00737992~~00139620 0.00000000 3.~~74261582~~73581433 0.00000000 ~~996~~993.~~58726653~~05894758 (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 4531,~~869~~165,~~374~~648.8096 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~261,988~~0.7700 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4631,~~131~~165,~~363~~648.5796 Withdrawals Reimbursement for Servicer Advances 0261,988.0077 Payment of Service Fee 8979,~~974~~808.0254 Payment of Interest and Principal 4630,~~041~~720,~~389~~347.5522 Total Withdrawals (Pool Distribution Amount) 4631,~~131~~062,~~363~~144.5753 Ending Balance 0103,504.0043

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 2119,~~948~~664.0028 Servicing Fee Support 1819,~~255~~026.2552 Non-Supported Prepayment/Curtailment Interest Shortfall ~~3,692~~637.7576

SERVICING FEES Gross Servicing Fee ~~104~~95,~~066~~033.6171 Master Servicing Fee 43,~~162~~801.6635 Supported Prepayment/Curtailment Interest Shortfall 1819,~~255~~026.2552 Net Servicing Fee 8979,~~974~~808.0254

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 61 0 0 0 6 1 537,~~850,409~~025.4923 0.00 0.00 0.00 1537,~~850,409~~025.4923 60 Days 02 0 0 0 02 0642,250.00 0.00 0.00 0.00 0642,250.00 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 63 0 0 0 63 1,~~850~~179,~~409~~275.4923 0.00 0.00 0.00 1,~~850~~179,~~409~~275.4923 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.~~671141~~118343% 0.000000% 0.000000% 0.000000% 0.~~671141~~118343% 0.~~396961~~124540% 0.000000% 0.000000% 0.000000% 0.~~396961~~124540% 60 Days 0.~~000000~~236686% 0.000000% 0.000000% 0.000000% 0.~~000000~~236686% 0.~~000000~~148942% 0.000000% 0.000000% 0.000000% 0.~~000000~~148942% 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.~~671141~~355030% 0.000000% 0.000000% 0.000000% 0.~~671141~~355030% 0.~~396961~~273481% 0.000000% 0.000000% 0.000000% 0.~~396961~~273481%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~442~~121,~~959~~058.1768

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 6,256,360.57 1.25001945% 6,~~235~~212,~~009~~934.2183 1.~~36632941~~45392006% 98.~~633624~~546027% 100.000000% Class B-1 3,003,360.57 0.60007077% 2,~~993~~982,~~110~~514.8708 0.~~65590527~~69795309% 0.~~710448~~755994% 0.000000% Class B-2 2,252,360.57 0.45002114% 2,~~244~~236,~~673~~726.8481 0.~~49189404~~52342767% 0.~~164017~~174532% 0.000000% Class B-3 1,251,360.57 0.25002156% 1,~~247~~242,~~090~~674.0081 0.~~27328520~~29080457% 0.~~218616~~232632% 0.000000% Class B-4 751,360.57 0.15012167% ~~748~~746,~~796~~145.3734 0.~~16408997~~17460922% 0.~~109199~~116200% 0.000000% Class B-5 501,360.57 0.10017173% ~~499~~497,~~649~~880.5660 0.~~10949236~~11651154% 0.~~054599~~058100% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~109496~~116516% 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 5.~~422555~~424366% Weighted Average Pass-Through Rate 4.500000% Weighted Average Maturity(Stepdown Calculation ) ~~176~~175 Beginning Scheduled Collateral Loan Count ~~965~~894 Number Of Loans Paid In Full 7149 Ending Scheduled Collateral Loan Count ~~894~~845 Beginning Scheduled Collateral Balance ~~500~~456,~~501~~332,~~058~~796.1028 Ending Scheduled Collateral Balance ~~456~~427,~~332~~323,~~796~~001.2803 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 ~~466~~431,~~144~~208,~~299~~525.5138 Ending Scheduled Balance For Wells Fargo Serviced ~~452~~423,~~268~~273,~~344~~785.0457 Ending Scheduled Balance For Other Servicers 4,~~064~~049,~~452~~215.2446 Monthly P &I Constant 3,~~843~~527,~~455~~102.3769 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4630,~~000~~675,~~207~~467.9445 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~454~~425,~~016~~015,~~274~~466.8573 Ending scheduled Balance For discounted Loans 2,~~316~~307,~~521~~534.4330 Scheduled Principal 1,~~708~~615,~~090~~602.6143 Unscheduled Principal 4227,~~460~~394,~~171~~192.2182 Unpaid Principal Balance Of Outstanding Mortgage Loans With Or Less Than Or Equal To 80% ~~454~~425,~~572~~389,~~301~~819.1967 Greater Than 80%, less than or equal to 85% ~~438~~436,~~417~~394.2168 Greater than 85%, less than or equal to 95% 1,~~468~~462,~~766~~278.7685 Greater than 95% 0.00

Filing Compare · WELLS FARGO ASSET SEC CORP MORT PASS THR CERTS SER 2003-7