8-K 1 wfm0300h.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, 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 December 26, 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 December 26, 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: 1/2/04 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 December 26, 2003 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 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.~~66664~~66489% ~~483~~477,~~766~~096,~~039~~197.6601 1,~~881~~854,~~050~~649.7494 42,~~108~~473,~~850~~200.9853 A-R 94979XAB3 SEQ 4.~~66479~~66488% 0.00 0.00 0.00 B-1 94979XAC1 SUB 4.~~66664~~66489% 6,~~741~~724,~~728~~956.0065 26,~~214~~142.1940 8,~~340~~497.5184 B-2 94979XAD9 SUB 4.~~66664~~66489% 2,~~247~~241,~~242~~652.6722 8,~~738~~714.0613 2,~~780~~832.1761 B-3 94979XAE7 SUB 4.~~66664~~66489% 1,~~249~~246,~~466~~358.9263 4,~~858~~845.3606 1,~~545~~574.7793 B-4 94979XAF4 SUB 4.~~66664~~66489% ~~749~~747,~~080~~217.8941 2,~~912~~904.6971 ~~926~~944.7220 B-5 94979XAG2 SUB 4.~~66664~~66489% ~~499~~498,~~387~~144.2694 1,~~941~~936.7947 ~~617~~629.8247 B-6 94979XAH0 SUB 4.~~66664~~66489% ~~749~~747,~~305~~441.4844 2,~~913~~905.5658 ~~927~~944.0049 Totals ~~496~~489,~~002~~301,~~250~~968.8830 1,~~928~~902,~~629~~098.3929 42,~~123~~488,~~988~~624.9707

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~479~~474,~~657~~622,~~188~~996.6847 54,~~989~~327,~~901~~850.7247 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 6,~~733~~716,~~387~~458.5081 34,~~554~~640.7024 0.00 B-2 0.00 2,~~244~~238,~~462~~819.5060 11,~~518~~546.2374 0.00 B-3 0.00 1,~~247~~244,~~921~~783.1570 6,~~404~~419.1399 0.00 B-4 0.00 ~~748~~746,~~154~~273.1720 3,~~839~~848.4191 0.00 B-5 0.00 ~~498~~497,~~769~~515.4447 2,~~559~~565.6194 0.00 B-6 0.00 ~~748~~746,~~378~~496.4895 3,~~840~~850.5607 0.00 Totals 0.00 ~~491~~486,~~878~~813,~~261~~344.9220 64,~~052~~390,~~618~~722.36 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 ~~483~~477,~~766~~096,~~039~~197.6601 ~~598~~602,~~489~~871.5489 31,~~510~~870,~~361~~328.4464 0.00 0.00 A-R 50.00 0.00 0.00 0.00 0.00 0.00 B-1 6,750,000.00 6,~~741~~724,~~728~~956.0065 8,~~340~~497.5184 0.00 0.00 0.00 B-2 2,250,000.00 2,~~247~~241,~~242~~652.6722 2,~~780~~832.1761 0.00 0.00 0.00 B-3 1,251,000.00 1,~~249~~246,~~466~~358.9263 1,~~545~~574.7793 0.00 0.00 0.00 B-4 750,000.00 ~~749~~747,~~080~~217.8941 ~~926~~944.7220 0.00 0.00 0.00 B-5 500,000.00 ~~499~~498,~~387~~144.2694 ~~617~~629.8247 0.00 0.00 0.00 B-6 750,224.87 ~~749~~747,~~305~~441.4844 ~~927~~944.0049 0.00 0.00 0.00 Totals 500,049,274.87 ~~496~~489,~~002~~301,~~250~~968.8830 ~~613~~618,~~627~~295.5343 31,~~510~~870,~~361~~328.4464 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 42,~~108~~473,~~850~~200.9853 ~~479~~474,~~657~~622,~~188~~996.6847 0.~~98331110~~97299086 42,~~108~~473,~~850~~200.9853 A-R 0.00 0.00 0.00000000 0.00 B-1 8,~~340~~497.5184 6,~~733~~716,~~387~~458.5081 0.~~99753889~~99503093 8,~~340~~497.5184 B-2 2,~~780~~832.1761 2,~~244~~238,~~462~~819.5060 0.~~99753889~~99503093 2,~~780~~832.1761 B-3 1,~~545~~574.7793 1,~~247~~244,~~921~~783.1570 0.~~99753889~~99503094 1,~~545~~574.7793 B-4 ~~926~~944.7220 ~~748~~746,~~154~~273.1720 0.~~99753889~~99503093 ~~926~~944.7220 B-5 ~~617~~629.8247 ~~498~~497,~~769~~515.4447 0.~~99753888~~99503094 ~~617~~629.8247 B-6 ~~927~~944.0049 ~~748~~746,~~378~~496.4895 0.~~99753888~~99503093 ~~927~~944.0049 Totals 42,~~123~~488,~~988~~624.9707 ~~491~~486,~~878~~813,~~261~~344.9220 0.~~98365958~~97353075 42,~~123~~488,~~988~~624.9707

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 ~~991~~978.~~73436476~~06099453 1.~~22692086~~23590480 73.~~19634242~~83422777 0.00000000 A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,750,000.00 ~~998~~996.~~77451852~~28987407 1.~~23563111~~25893926 0.00000000 0.00000000 B-2 2,250,000.00 ~~998~~996.~~77452000~~28987556 1.~~23563111~~25893778 0.00000000 0.00000000 B-3 1,251,000.00 ~~998~~996.~~77451639~~28987210 1.~~23562750~~25893685 0.00000000 0.00000000 B-4 750,000.00 ~~998~~996.~~77452000~~28988000 1.~~23562667~~25893333 0.00000000 0.00000000 B-5 500,000.00 ~~998~~996.~~77452000~~28988000 1.~~23564000~~25894000 0.00000000 0.00000000 B-6 750,224.87 ~~998~~996.~~77451410~~28987240 1.~~23562953~~25894254 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 85.~~42326328~~07013258 ~~983~~972.~~31110148~~99086193 0.~~98331110~~97299086 85.~~42326328~~07013258 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~23563111~~25893926 ~~997~~995.~~53888889~~03093481 0.~~99753889~~99503093 1.~~23563111~~25893926 B-2 0.00000000 1.~~23563111~~25893778 ~~997~~995.~~53888889~~03093333 0.~~99753889~~99503093 1.~~23563111~~25893778 B-3 0.00000000 1.~~23562750~~25893685 ~~997~~995.~~53888889~~03093525 0.~~99753889~~99503094 1.~~23562750~~25893685 B-4 0.00000000 1.~~23562667~~25893333 ~~997~~995.~~53889333~~03093333 0.~~99753889~~99503093 1.~~23562667~~25893333 B-5 0.00000000 1.~~23564000~~25894000 ~~997~~995.~~53888000~~03094000 0.~~99753888~~99503094 1.~~23564000~~25894000 B-6 0.00000000 1.~~23562953~~25894254 ~~997~~995.~~53888457~~03092986 0.~~99753888~~99503093 1.~~23562953~~25894254 (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.~~66664~~66489% ~~483~~477,~~766~~096,~~039~~197.6601 1,~~881~~854,~~301~~667.5019 0.00 0.00 A-R 50.00 4.~~66479~~66488% 0.00 0.00 0.00 0.00 B-1 6,750,000.00 4.~~66664~~66489% 6,~~741~~724,~~728~~956.0065 26,~~217~~142.6864 0.00 0.00 B-2 2,250,000.00 4.~~66664~~66489% 2,~~247~~241,~~242~~652.6722 8,~~739~~714.2321 0.00 0.00 B-3 1,251,000.00 4.~~66664~~66489% 1,~~249~~246,~~466~~358.9263 4,~~859~~845.0110 0.00 0.00 B-4 750,000.00 4.~~66664~~66489% ~~749~~747,~~080~~217.8941 2,~~913~~904.0874 0.00 0.00 B-5 500,000.00 4.~~66664~~66489% ~~499~~498,~~387~~144.2694 1,~~942~~936.0549 0.00 0.00 B-6 750,224.87 4.~~66664~~66489% ~~749~~747,~~305~~441.4844 2,~~913~~905.9561 0.00 0.00 Totals 500,049,274.87 1,~~928~~902,~~886~~115.5098 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 ~~250~~17.7625 0.00 1,~~881~~854,~~050~~649.7494 0.00 ~~479~~474,~~657~~622,~~188~~996.6847 A-R 0.00 0.00 0.00 0.00 0.00 B-1 30.4924 0.00 26,~~214~~142.1940 0.00 6,~~733~~716,~~387~~458.5081 B-2 10.1608 0.00 8,~~738~~714.0613 0.00 2,~~244~~238,~~462~~819.5060 B-3 0.6505 0.00 4,~~858~~845.3606 0.00 1,~~247~~244,~~921~~783.1570 B-4 0.3903 0.00 2,~~912~~904.6971 0.00 ~~748~~746,~~154~~273.1720 B-5 0.2602 0.00 1,~~941~~936.7947 0.00 ~~498~~497,~~769~~515.4447 B-6 0.3903 0.00 2,~~913~~905.5658 0.00 ~~748~~746,~~378~~496.4895 Totals ~~257~~17.1070 0.00 1,~~928~~902,~~629~~098.3929 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.~~66664~~66489% ~~991~~978.~~73436476~~06099453 3.~~85672245~~80212135 0.00000000 0.00000000 A-R 50.00 4.~~66479~~66488% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,750,000.00 4.~~66664~~66489% ~~998~~996.~~77451852~~28987407 3.~~88410074~~87298370 0.00000000 0.00000000 B-2 2,250,000.00 4.~~66664~~66489% ~~998~~996.~~77452000~~28987556 3.~~88410222~~87298222 0.00000000 0.00000000 B-3 1,251,000.00 4.~~66664~~66489% ~~998~~996.~~77451639~~28987210 3.~~88410072~~87298161 0.00000000 0.00000000 B-4 750,000.00 4.~~66664~~66489% ~~998~~996.~~77452000~~28988000 3.~~88410667~~87298667 0.00000000 0.00000000 B-5 500,000.00 4.~~66664~~66489% ~~998~~996.~~77452000~~28988000 3.~~88410000~~87298000 0.00000000 0.00000000 B-6 750,224.87 4.~~66664~~66489% ~~998~~996.~~77451410~~28987240 3.~~88410211~~87298544 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.~~00051407~~00003536 0.00000000 3.~~85620839~~80208599 0.00000000 ~~983~~972.~~31110148~~99086193 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.~~00051704~~00003556 0.00000000 3.~~88358370~~87294815 0.00000000 ~~997~~995.~~53888889~~03093481 B-2 0.~~00051556~~00003556 0.00000000 3.~~88358222~~87294667 0.00000000 ~~997~~995.~~53888889~~03093333 B-3 0.~~00051958~~00003997 0.00000000 3.~~88358114~~87294964 0.00000000 ~~997~~995.~~53888889~~03093525 B-4 0.~~00052000~~00004000 0.00000000 3.~~88358667~~87294667 0.00000000 ~~997~~995.~~53889333~~03093333 B-5 0.~~00052000~~00004000 0.00000000 3.~~88358000~~87294000 0.00000000 ~~997~~995.~~53888000~~03094000 B-6 0.~~00051984~~00003999 0.00000000 3.~~88358227~~87294545 0.00000000 ~~997~~995.~~53888457~~03092986 (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 ~~29,560~~0.2400 Deposits Payments of Interest and Principal 64,~~225~~713,~~460~~498.7221 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 64,~~225~~713,~~460~~498.7221 Withdrawals Reimbursement for Servicer Advances 0103,415.0009 Payment of Service Fee 105,~~089~~080.0335 Payment of Interest and Principal 64,~~052~~390,~~618~~722.3638 Total Withdrawals (Pool Distribution Amount) 64,~~157~~599,~~707~~217.3982 Ending Balance 97114,~~313~~280.5739

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~2,620~~948.5499 Servicing Fee Support ~~2,363~~931.4429 Non-Supported Prepayment/Curtailment Interest Shortfall ~~257~~17.1070

SERVICING FEES Gross Servicing Fee ~~103~~101,~~319~~934.6927 Master Servicing Fee 4,~~132~~077.7937 Supported Prepayment/Curtailment Interest Shortfall ~~2,363~~931.4429 Net Servicing Fee 105,~~089~~080.0335

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 01 0 0 01 0482,258.0023 0.00 0.00 0482,258.0023 30 Days 20 0 0 0 20 ~~939,363~~0.1700 0.00 0.00 0.00 ~~939,363~~0.1700 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 2 0 1 0 0 21 ~~939,363.17~~ 0.00 482,258.23 0.00 0.00 ~~939~~482,~~363~~258.1723 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~~095694% 0.000000% 0.000000% 0.~~000000~~095694% 0.~~000000~~098801% 0.000000% 0.000000% 0.~~000000~~098801% 30 Days 0.~~190295~~000000% 0.000000% 0.000000% 0.000000% 0.~~190295~~000000% 0.~~191320~~000000% 0.000000% 0.000000% 0.000000% 0.~~191320~~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.~~190295~~000000% 0.~~000000~~095694% 0.000000% 0.000000% 0.~~190295~~095694% 0.~~191320~~000000% 0.~~000000~~098801% 0.000000% 0.000000% 0.~~191320~~098801%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5056,~~588~~923.1963

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 12,251,224.87 2.45000353% 12,~~221~~190,~~073~~347.2473 2.~~48457275~~50411125% 97.~~515427~~495889% 100.000000% Class B-1 5,501,224.87 1.10013656% 5,~~487~~473,~~685~~888.7492 1.~~11565933~~12443280% 1.~~368913~~379678% 0.000000% Class B-2 3,251,224.87 0.65018090% 3,~~243~~235,~~223~~069.2432 0.~~65935486~~66453998% 0.~~456304~~459893% 0.000000% Class B-3 2,000,224.87 0.40000555% 1,~~995~~990,~~302~~285.0962 0.~~40564958~~40883958% 0.~~253705~~255700% 0.000000% Class B-4 1,250,224.87 0.25002033% 1,~~247~~244,~~147~~012.9242 0.~~25354809~~25554197% 0.~~152101~~153298% 0.000000% Class B-5 750,224.87 0.15003019% ~~748~~746,~~378~~496.4895 0.~~15214709~~15334357% 0.~~101401~~102198% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~152147~~153344% 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.~~926655~~925012% Weighted Average Net Coupon 4.~~666655~~665012% Weighted Average Pass-Through Rate 4.~~666655~~665012% Weighted Average Maturity(Stepdown Calculation ) ~~357~~355 Beginning Scheduled Collateral Loan Count 1,~~056~~048 Number Of Loans Paid In Full 53 Ending Scheduled Collateral Loan Count 1,~~051~~045 Beginning Scheduled Collateral Balance ~~496~~489,~~002~~301,~~250~~968.8928 Ending Scheduled Collateral Balance ~~491~~486,~~878~~813,~~261~~344.9220 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~490~~488,~~990~~109,~~306~~968.8526 Monthly P &I Constant 2,~~653~~628,~~450~~401.7550 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 54,~~990~~327,~~152~~867.4872 Ending Scheduled Balance for Premium Loans ~~491~~486,~~878~~813,~~261~~344.9220 Scheduled Principal ~~613~~618,~~627~~295.5344 Unscheduled Principal 31,~~510~~870,~~361~~328.4464 Unpaid Principal Balance Of Outstanding Mortgage Loans With Or Less Than Or Equal To 80% ~~489~~484,~~430~~367,~~585~~717.6776 Greater Than 80%, less than or equal to 85% ~~434~~432,~~945~~383.1440 Greater than 85%, less than or equal to 95% 1,~~989~~985,~~652~~146.5492 Greater than 95% 0.00

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