8-K 1 wfm0300h.txt OCTOBER 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): October 27, 2003 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-H Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-98129-25 54-2123752 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 October 27, 2003 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-H 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-H Trust, relating to the October 27, 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-H 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: 10/28/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-H Trust, relating to the October 27, 2003 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 WFMBS Series: 2003-H 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-1 94979XAA5 SEN 4.~~66784~~66664% ~~487~~483,~~798~~766,~~000~~039.0066 1,~~897~~881,~~014~~050.0074 4,~~031~~108,~~960~~850.3498 A-R 94979XAB3 SEQ 4.~~66784~~66479% 500.00 0.1900 500.00 B-1 94979XAC1 SUB 4.~~66784~~66664% 6,~~750~~741,~~000~~728.00 26,~~250~~214.3019 8,~~272~~340.0051 B-2 94979XAD9 SUB 4.~~66784~~66664% 2,~~250~~247,~~000~~242.0067 8,~~750~~738.1006 2,~~757~~780.3317 B-3 94979XAE7 SUB 4.~~66784~~66664% 1,~~251~~249,~~000~~466.0092 4,~~865~~858.0636 1,~~533~~545.0877 B-4 94979XAF4 SUB 4.~~66784~~66664% ~~750~~749,~~000~~080.0089 2,~~916~~912.7069 ~~919~~926.1172 B-5 94979XAG2 SUB 4.~~66784~~66664% ~~500~~499,~~000~~387.0026 1,~~944~~941.4779 ~~612~~617.7482 B-6 94979XAH0 SUB 4.~~66784~~66664% ~~750~~749,~~224~~305.8748 2,~~917~~913.5756 ~~919~~927.3900 Totals ~~500~~496,~~049~~002,~~274~~250.8788 1,~~944~~928,~~658~~629.39 4,~~047~~123,~~023~~988.9997

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~483~~479,~~766~~657,~~039~~188.6668 5,~~928~~989,~~974~~901.3472 0.00 A-R 0.00 0.00 500.1900 0.00 B-1 0.00 6,~~741~~733,~~728~~387.0050 34,~~522~~554.3070 0.00 B-2 0.00 2,~~247~~244,~~242~~462.6750 11,~~507~~518.4323 0.00 B-3 0.00 1,~~249~~247,~~466~~921.9215 6,~~398~~404.1413 0.00 B-4 0.00 ~~749~~748,~~080~~154.8917 3,~~835~~839.8141 0.00 B-5 0.00 ~~499~~498,~~387~~769.2644 2,~~557~~559.2161 0.00 B-6 0.00 ~~749~~748,~~305~~378.48 3,~~836~~840.9656 0.00 Totals 0.00 ~~496~~491,~~002~~878,~~250~~261.8892 56,~~991~~052,~~682~~618.3836 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-1 487,798,000.00 ~~487~~483,~~798~~766,~~000~~039.0066 ~~597~~598,~~779~~489.8354 3,~~434~~510,~~180~~361.5044 0.00 0.00 A-R 50.00 500.00 70.4100 420.5900 0.00 0.00 B-1 6,750,000.00 6,~~750~~741,~~000~~728.00 8,~~272~~340.0051 0.00 0.00 0.00 B-2 2,250,000.00 2,~~250~~247,~~000~~242.0067 2,~~757~~780.3317 0.00 0.00 0.00 B-3 1,251,000.00 1,~~251~~249,~~000~~466.0092 1,~~533~~545.0877 0.00 0.00 0.00 B-4 750,000.00 ~~750~~749,~~000~~080.0089 ~~919~~926.1172 0.00 0.00 0.00 B-5 500,000.00 ~~500~~499,~~000~~387.0026 ~~612~~617.7482 0.00 0.00 0.00 B-6 750,224.87 ~~750~~749,~~224~~305.8748 ~~919~~927.3900 0.00 0.00 0.00 Totals 500,049,274.87 ~~500~~496,~~049~~002,~~274~~250.8788 ~~612~~613,~~800~~627.8953 3,~~434~~510,~~223~~361.0944 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 4,~~031~~108,~~960~~850.3498 ~~483~~479,~~766~~657,~~039~~188.6668 0.~~99173436~~98331110 4,~~031~~108,~~960~~850.3498 A-R 500.00 0.00 0.00000000 500.00 B-1 8,~~272~~340.0051 6,~~741~~733,~~728~~387.0050 0.~~99877452~~99753889 8,~~272~~340.0051 B-2 2,~~757~~780.3317 2,~~247~~244,~~242~~462.6750 0.~~99877452~~99753889 2,~~757~~780.3317 B-3 1,~~533~~545.0877 1,~~249~~247,~~466~~921.9215 0.~~99877452~~99753889 1,~~533~~545.0877 B-4 ~~919~~926.1172 ~~749~~748,~~080~~154.8917 0.~~99877452~~99753889 ~~919~~926.1172 B-5 ~~612~~617.7482 ~~499~~498,~~387~~769.2644 0.~~99877452~~99753888 ~~612~~617.7482 B-6 ~~919~~927.3900 ~~749~~748,~~305~~378.48 0.~~99877451~~99753888 ~~919~~927.3900 Totals 4,~~047~~123,~~023~~988.9997 ~~496~~491,~~002~~878,~~250~~261.8892 0.~~99190675~~98365958 4,~~047~~123,~~023~~988.9997

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 487,798,000.00 ~~1000~~991.~~00000000~~73436476 1.~~22546593~~22692086 7.~~04016929~~19634242 0.00000000 A-R 50.00 ~~1000~~0.00000000 ~~148~~0.~~20000000~~00000000 ~~851~~0.~~80000000~~00000000 0.00000000 B-1 6,750,000.00 ~~1000~~998.~~00000000~~77451852 1.~~22548148~~23563111 0.00000000 0.00000000 B-2 2,250,000.00 ~~1000~~998.~~00000000~~77452000 1.~~22548000~~23563111 0.00000000 0.00000000 B-3 1,251,000.00 ~~1000~~998.~~00000000~~77451639 1.~~22548361~~23562750 0.00000000 0.00000000 B-4 750,000.00 ~~1000~~998.~~00000000~~77452000 1.~~22548000~~23562667 0.00000000 0.00000000 B-5 500,000.00 ~~1000~~998.~~00000000~~77452000 1.~~22548000~~23564000 0.00000000 0.00000000 B-6 750,224.87 ~~1000~~998.~~00000000~~77451410 1.~~22548590~~23562953 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 8.~~26563524~~42326328 ~~991~~983.~~73436476~~31110148 0.~~99173436~~98331110 8.~~26563524~~42326328 A-R 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 B-1 0.00000000 1.~~22548148~~23563111 ~~998~~997.~~77451852~~53888889 0.~~99877452~~99753889 1.~~22548148~~23563111 B-2 0.00000000 1.~~22548000~~23563111 ~~998~~997.~~77452000~~53888889 0.~~99877452~~99753889 1.~~22548000~~23563111 B-3 0.00000000 1.~~22548361~~23562750 ~~998~~997.~~77451639~~53888889 0.~~99877452~~99753889 1.~~22548361~~23562750 B-4 0.00000000 1.~~22548000~~23562667 ~~998~~997.~~77452000~~53889333 0.~~99877452~~99753889 1.~~22548000~~23562667 B-5 0.00000000 1.~~22548000~~23564000 ~~998~~997.~~77452000~~53888000 0.~~99877452~~99753888 1.~~22548000~~23564000 B-6 0.00000000 1.~~22548590~~23562953 ~~998~~997.~~77451410~~53888457 0.~~99877451~~99753888 1.~~22548590~~23562953 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-1 487,798,000.00 4.~~66784~~66664% ~~487~~483,~~798~~766,~~000~~039.0066 1,~~897~~881,~~468~~301.2250 0.00 0.00 A-R 50.00 4.~~66784~~66479% 500.00 0.1900 0.00 0.00 B-1 6,750,000.00 4.~~66784~~66664% 6,~~750~~741,~~000~~728.00 26,~~256~~217.5968 0.00 0.00 B-2 2,250,000.00 4.~~66784~~66664% 2,~~250~~247,~~000~~242.0067 8,~~752~~739.2023 0.00 0.00 B-3 1,251,000.00 4.~~66784~~66664% 1,~~251~~249,~~000~~466.0092 4,~~866~~859.2201 0.00 0.00 B-4 750,000.00 4.~~66784~~66664% ~~750~~749,~~000~~080.0089 2,~~917~~913.4008 0.00 0.00 B-5 500,000.00 4.~~66784~~66664% ~~500~~499,~~000~~387.0026 1,~~944~~942.9305 0.00 0.00 B-6 750,224.87 4.~~66784~~66664% ~~750~~749,~~224~~305.8748 2,~~918~~913.2795 0.00 0.00 Totals 500,049,274.87 1,~~945~~928,~~124~~886.0250 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 ~~454~~250.2276 0.00 1,~~897~~881,~~014~~050.0074 0.00 ~~483~~479,~~766~~657,~~039~~188.6668 A-R 0.00 0.00 0.1900 0.00 0.00 B-1 63.2949 0.00 26,~~250~~214.3019 0.00 6,~~741~~733,~~728~~387.0050 B-2 21.1016 0.00 8,~~750~~738.1006 0.00 2,~~247~~244,~~242~~462.6750 B-3 10.1665 0.00 4,~~865~~858.0636 0.00 1,~~249~~247,~~466~~921.9215 B-4 0.7039 0.00 2,~~916~~912.7069 0.00 ~~749~~748,~~080~~154.8917 B-5 0.4726 0.00 1,~~944~~941.4779 0.00 ~~499~~498,~~387~~769.2644 B-6 0.7039 0.00 2,~~917~~913.5756 0.00 ~~749~~748,~~305~~378.48 Totals ~~465~~257.6410 0.00 1,~~944~~928,~~658~~629.39 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-1 487,798,000.00 4.~~66784~~66664% ~~1000~~991.~~00000000~~73436476 3.~~88986470~~85672245 0.00000000 0.00000000 A-R 50.00 4.~~66784~~66479% ~~1000~~0.00000000 30.~~80000000~~00000000 0.00000000 0.00000000 B-1 6,750,000.00 4.~~66784~~66664% ~~1000~~998.~~00000000~~77451852 3.~~88986519~~88410074 0.00000000 0.00000000 B-2 2,250,000.00 4.~~66784~~66664% ~~1000~~998.~~00000000~~77452000 3.~~88986667~~88410222 0.00000000 0.00000000 B-3 1,251,000.00 4.~~66784~~66664% ~~1000~~998.~~00000000~~77451639 3.~~88986411~~88410072 0.00000000 0.00000000 B-4 750,000.00 4.~~66784~~66664% ~~1000~~998.~~00000000~~77452000 3.~~88986667~~88410667 0.00000000 0.00000000 B-5 500,000.00 4.~~66784~~66664% ~~1000~~998.~~00000000~~77452000 3.~~88986000~~88410000 0.00000000 0.00000000 B-6 750,224.87 4.~~66784~~66664% ~~1000~~998.~~00000000~~77451410 3.~~88986038~~88410211 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.~~00093116~~00051407 0.00000000 3.~~88893353~~85620839 0.00000000 ~~991~~983.~~73436476~~31110148 A-R 0.00000000 0.00000000 30.~~80000000~~00000000 0.00000000 0.00000000 B-1 0.~~00093185~~00051704 0.00000000 3.~~88893333~~88358370 0.00000000 ~~998~~997.~~77451852~~53888889 B-2 0.~~00093333~~00051556 0.00000000 3.~~88893333~~88358222 0.00000000 ~~998~~997.~~77452000~~53888889 B-3 0.~~00092726~~00051958 0.00000000 3.~~88893685~~88358114 0.00000000 ~~998~~997.~~77451639~~53888889 B-4 0.~~00093333~~00052000 0.00000000 3.~~88893333~~88358667 0.00000000 ~~998~~997.~~77452000~~53889333 B-5 0.~~00094000~~00052000 0.00000000 3.~~88894000~~88358000 0.00000000 ~~998~~997.~~77452000~~53888000 B-6 0.~~00093305~~00051984 0.00000000 3.~~88892733~~88358227 0.00000000 ~~998~~997.~~77451410~~53888457 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 029,560.0024 Deposits Payments of Interest and Principal 6,~~128~~225,~~757~~460.5272 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 6,~~128~~225,~~757~~460.5272 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~107~~105,~~514~~089.9103 Payment of Interest and Principal 56,~~991~~052,~~682~~618.3736 Total Withdrawals (Pool Distribution Amount) 6,~~099~~157,~~197~~707.2839 Ending Balance 2997,~~560~~313.2457

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 12,~~268~~620.5654 Servicing Fee Support ~~802~~2,363.9244 Non-Supported Prepayment/Curtailment Interest Shortfall ~~465~~257.6410

SERVICING FEES Gross Servicing Fee ~~104~~103,~~151~~319.7669 Master Servicing Fee 4,~~166~~132.0779 Supported Prepayment/Curtailment Interest Shortfall ~~802~~2,363.9244 Net Servicing Fee ~~107~~105,~~514~~089.9103

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 52 0 0 0 5 2 939,~~229,750~~363.0017 0.00 0.00 0.00 2939,~~229,750~~363.0017 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 52 0 0 0 5 2 939,~~229,750~~363.0017 0.00 0.00 0.00 2939,~~229,750~~363.0017 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.~~473485~~190295% 0.000000% 0.000000% 0.000000% 0.~~473485~~190295% 0.~~453492~~191320% 0.000000% 0.000000% 0.000000% 0.~~453492~~191320% 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.~~473485~~190295% 0.000000% 0.000000% 0.000000% 0.~~473485~~190295% 0.~~453492~~191320% 0.000000% 0.000000% 0.000000% 0.~~453492~~191320%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 9950,~~934~~588.4419

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 12,251,224.87 2.45000353% 12,~~236~~221,~~211~~073.2224 2.~~46696687~~48457275% 97.~~533033~~515427% 100.000000% Class B-1 5,501,224.87 1.10013656% 5,~~494~~487,~~483~~685.2274 1.~~10775369~~11565933% 1.~~359213~~368913% 0.000000% Class B-2 3,251,224.87 0.65018090% 3,~~247~~243,~~240~~223.5524 0.~~65468262~~65935486% 0.~~453071~~456304% 0.000000% Class B-3 2,000,224.87 0.40000555% 1,~~997~~995,~~773~~302.6309 0.~~40277511~~40564958% 0.~~251908~~253705% 0.000000% Class B-4 1,250,224.87 0.25002033% 1,~~248~~247,~~692~~147.7492 0.~~25175143~~25354809% 0.~~151024~~152101% 0.000000% Class B-5 750,224.87 0.15003019% ~~749~~748,~~305~~378.48 0.~~15106897~~15214709% 0.~~100682~~101401% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~151069~~152147% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description 10/1 CMT ARM Weighted Average Gross Coupon 4.~~927848~~926655% Weighted Average Net Coupon 4.~~667848~~666655% Weighted Average Pass-Through Rate 4.~~667848~~666655% Weighted Average Maturity(Stepdown Calculation ) ~~358~~357 Beginning Scheduled Collateral Loan Count 1,~~063~~056 Number Of Loans Paid In Full 75 Ending Scheduled Collateral Loan Count 1,~~056~~051 Beginning Scheduled Collateral Balance ~~500~~496,~~049~~002,~~274~~250.8789 Ending Scheduled Collateral Balance ~~496~~491,~~002~~878,~~250~~261.8992 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~491~~490,~~684~~990,~~493~~306.2285 Monthly P &I Constant 2,~~669~~653,~~197~~450.1075 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,~~929~~990,~~478~~152.7548 Ending Scheduled Balance for Premium Loans ~~496~~491,~~002~~878,~~250~~261.8992 Scheduled Principal ~~612~~613,~~800~~627.8953 Unscheduled Principal 3,~~434~~510,~~223~~361.0944 Unpaid Principal Balance Of Outstanding Mortgage Loans With Or Less Than Or Equal To 80% ~~493~~489,~~569~~430,~~010~~585.3367 Greater Than 80%, less than or equal to 85% ~~436~~434,~~218~~945.4414 Greater than 85%, less than or equal to 95% 1,~~991~~989,~~654~~652.7854 Greater than 95% 0.00

Filing Compare · WELLS FARGO ASSET SEC CORP MOR BACKED SER 2003-H TRUST