8-K 1 wfm0400c_sep.txt SEPTEMBER 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): September 27, 2004 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-C Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110283-14 54-2147387 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 27, 2004 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2004-C Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-C Trust, relating to the September 27, 2004 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 2004-C Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 10/1/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-C Trust, relating to the September 27, 2004 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 78/31/2004 Distribution Date: 89/2527/2004 WFMBS Series: 2004-C Contact: Customer Service - CTSLink Wells Fargo Bank, 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 94980AAD6 SEN 5.~~00835~~00697% ~~254~~251,~~521~~952,~~287~~784.0189 1,~~062~~051,~~235~~305.3514 2,~~568~~178,~~502~~488.1323 A-R 94980AAE4 SEN 5.~~00697~~00368% 0.00 0.00 0.00 B-1 94980AAF1 SUB 5.~~00835~~00697% 3,~~833~~829,~~596~~002.5976 15,~~999~~977.3800 4,~~593~~629.8396 B-2 94980AAG9 SUB 5.~~00835~~00697% 2,~~147~~144,~~252~~679.1003 8,~~961~~948.4895 2,~~573~~593.0731 B-3 94980AAH7 SUB 5.~~00835~~00697% ~~919~~918,~~824~~722.2703 3,~~838~~833.8548 1,~~102~~110.2390 B-4 94980AAA2 SUB 5.~~00835~~00697% ~~767~~766,~~515~~595.7098 3,~~203~~198.2072 ~~919~~926.7295 B-5 94980AAB0 SUB 5.~~00835~~00697% ~~613~~612,~~216~~481.1836 2,~~559~~555.2466 ~~734~~740.8260 B-6 94980AAC8 SUB 5.~~00835~~00697% ~~460~~459,~~279~~727.4488 1,~~920~~918.9627 ~~551~~555.5689 Totals ~~263~~260,~~262~~683,~~971~~993.2993 1,~~098~~087,~~718~~737.4622 2,~~578~~189,~~977~~045.3684

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~251~~249,~~952~~774,~~784~~296.8966 3,~~630~~229,~~737~~793.4837 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 3,~~829~~824,~~002~~372.7680 20,~~593~~606.2196 0.00 B-2 0.00 2,~~144~~142,~~679~~085.0373 11,~~534~~542.5526 0.00 B-3 0.00 ~~918~~917,~~722~~611.0313 4,~~941~~944.0838 0.00 B-4 0.00 ~~766~~765,~~595~~669.9803 4,~~122~~125.9267 0.00 B-5 0.00 ~~612~~611,~~481~~740.3675 3,~~294~~296.0626 0.00 B-6 0.00 459,~~727~~171.8898 2,~~472~~474.5216 0.00 Totals 0.00 ~~260~~258,~~683~~494,~~993~~948.9308 3,~~677~~276,~~695~~783.8206 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-1 299,310,000.00 ~~254~~251,~~521~~952,~~287~~784.0189 304,~~994~~656.70 21,~~263~~873,~~507~~831.4353 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 3,851,000.00 3,~~833~~829,~~596~~002.5976 4,~~593~~629.8396 0.00 0.00 0.00 B-2 2,157,000.00 2,~~147~~144,~~252~~679.1003 2,~~573~~593.0731 0.00 0.00 0.00 B-3 924,000.00 ~~919~~918,~~824~~722.2703 1,~~102~~110.2390 0.00 0.00 0.00 B-4 771,000.00 ~~767~~766,~~515~~595.7098 ~~919~~926.7295 0.00 0.00 0.00 B-5 616,000.00 ~~613~~612,~~216~~481.1836 ~~734~~740.8260 0.00 0.00 0.00 B-6 462,368.97 ~~460~~459,~~279~~727.4488 ~~551~~555.5689 0.00 0.00 0.00 Totals 308,091,468.97 ~~263~~260,~~262~~683,~~971~~993.2993 315,~~469~~214.9331 21,~~263~~873,~~507~~831.4353 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 2,~~568~~178,~~502~~488.1323 ~~251~~249,~~952~~774,~~784~~296.8966 0.~~84177871~~83450034 2,~~568~~178,~~502~~488.1323 A-R 0.00 0.00 0.00000000 0.00 B-1 4,~~593~~629.8396 3,~~829~~824,~~002~~372.7680 0.~~99428791~~99308564 4,~~593~~629.8396 B-2 2,~~573~~593.0731 2,~~144~~142,~~679~~085.0373 0.~~99428791~~99308564 2,~~573~~593.0731 B-3 1,~~102~~110.2390 ~~918~~917,~~722~~611.0313 0.~~99428791~~99308564 1,~~102~~110.2390 B-4 ~~919~~926.7295 ~~766~~765,~~595~~669.9803 0.~~99428791~~99308564 ~~919~~926.7295 B-5 ~~734~~740.8260 ~~612~~611,~~481~~740.3675 0.~~99428792~~99308563 ~~734~~740.8260 B-6 ~~551~~555.5689 459,~~727~~171.8898 0.~~99428792~~99308563 ~~551~~555.5689 Totals 2,~~578~~189,~~977~~045.3684 ~~260~~258,~~683~~494,~~993~~948.9308 0.~~84612532~~83902014 2,~~578~~189,~~977~~045.3684

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 299,310,000.00 ~~850~~841.~~36011831~~77870733 1.~~01899268~~01786342 76.~~56241833~~26050426 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,851,000.00 ~~995~~994.~~48080758~~28791483 1.~~19289276~~20227473 0.00000000 0.00000000 B-2 2,157,000.00 ~~995~~994.~~48080668~~28791377 1.~~19289291~~20227631 0.00000000 0.00000000 B-3 924,000.00 ~~995~~994.~~48081169~~28791126 1.~~19288961~~20227273 0.00000000 0.00000000 B-4 771,000.00 ~~995~~994.~~48080415~~28791180 1.~~19289235~~20226978 0.00000000 0.00000000 B-5 616,000.00 ~~995~~994.~~48081169~~28792208 1.~~19288961~~20227273 0.00000000 0.00000000 B-6 462,368.97 ~~995~~994.~~48081698~~28791686 1.~~19290012~~20226494 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 87.~~58141101~~27836768 ~~841~~834.~~77870733~~50033965 0.~~84177871~~83450034 87.~~58141101~~27836768 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~19289276~~20227473 ~~994~~993.~~28791483~~08564009 0.~~99428791~~99308564 1.~~19289276~~20227473 B-2 0.00000000 1.~~19289291~~20227631 ~~994~~993.~~28791377~~08564210 0.~~99428791~~99308564 1.~~19289291~~20227631 B-3 0.00000000 1.~~19288961~~20227273 ~~994~~993.~~28791126~~08563853 0.~~99428791~~99308564 1.~~19288961~~20227273 B-4 0.00000000 1.~~19289235~~20226978 ~~994~~993.~~28791180~~08564202 0.~~99428791~~99308564 1.~~19289235~~20226978 B-5 0.00000000 1.~~19288961~~20227273 ~~994~~993.~~28792208~~08563312 0.~~99428792~~99308563 1.~~19288961~~20227273 B-6 0.00000000 1.~~19290012~~20226494 ~~994~~993.~~28791686~~08563029 0.~~99428792~~99308563 1.~~19290012~~20226494 (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-1 299,310,000.00 5.~~00835~~00697% ~~254~~251,~~521~~952,~~287~~784.0189 1,~~062~~051,~~275~~266.8010 0.00 0.00 A-R 100.00 5.~~00697~~00368% 0.00 0.00 0.00 0.00 B-1 3,851,000.00 5.~~00835~~00697% 3,~~833~~829,~~596~~002.5976 15,~~999~~976.9941 0.00 0.00 B-2 2,157,000.00 5.~~00835~~00697% 2,~~147~~144,~~252~~679.1003 8,~~961~~948.8261 0.00 0.00 B-3 924,000.00 5.~~00835~~00697% ~~919~~918,~~824~~722.2703 3,~~839~~833.0034 0.00 0.00 B-4 771,000.00 5.~~00835~~00697% ~~767~~766,~~515~~595.7098 3,~~203~~198.3260 0.00 0.00 B-5 616,000.00 5.~~00835~~00697% ~~613~~612,~~216~~481.1836 2,~~559~~555.3356 0.00 0.00 B-6 462,368.97 5.~~00835~~00697% ~~460~~459,~~279~~727.4488 1,~~921~~918.0320 0.00 0.00 Totals 308,091,468.97 1,~~098~~087,~~760~~696.2982 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 40(39.4504) 0.00 1,~~062~~051,~~235~~305.3514 0.00 ~~251~~249,~~952~~774,~~784~~296.8966 A-R 0.00 0.00 0.00 0.00 0.00 B-1 (0.6159) 0.00 15,~~999~~977.3800 0.00 3,~~829~~824,~~002~~372.7680 B-2 (0.3433) 0.00 8,~~961~~948.4895 0.00 2,~~144~~142,~~679~~085.0373 B-3 (0.1514) 0.00 3,~~838~~833.8548 0.00 ~~918~~917,~~722~~611.0313 B-4 (0.12) 0.00 3,~~203~~198.2072 0.00 ~~766~~765,~~595~~669.9803 B-5 (0.1009) 0.00 2,~~559~~555.2466 0.00 ~~612~~611,~~481~~740.3675 B-6 (0.07) 0.00 1,~~920~~918.9627 0.00 459,~~727~~171.8898 Totals 41(40.8438) 0.00 1,~~098~~087,~~718~~737.4622 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-1 299,310,000.00 5.~~00835~~00697% ~~850~~841.~~36011831~~77870733 3.~~54908222~~51229862 0.00000000 0.00000000 A-R 100.00 5.~~00697~~00368% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,851,000.00 5.~~00835~~00697% ~~995~~994.~~48080758~~28791483 4.~~15476240~~14863931 0.00000000 0.00000000 B-2 2,157,000.00 5.~~00835~~00697% ~~995~~994.~~48080668~~28791377 4.~~15476124~~14863700 0.00000000 0.00000000 B-3 924,000.00 5.~~00835~~00697% ~~995~~994.~~48081169~~28791126 4.~~15476190~~14863636 0.00000000 0.00000000 B-4 771,000.00 5.~~00835~~00697% ~~995~~994.~~48080415~~28791180 4.~~15476005~~14863813 0.00000000 0.00000000 B-5 616,000.00 5.~~00835~~00697% ~~995~~994.~~48081169~~28792208 4.~~15475649~~14863636 0.00000000 0.00000000 B-6 462,368.97 5.~~00835~~00697% ~~995~~994.~~48081698~~28791686 4.~~15475545~~14863480 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.~~00013514~~00013043) 0.00000000 3.~~54894708~~51242905 0.00000000 ~~841~~834.~~77870733~~50033965 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 (0.~~00015840~~00015321) 0.00000000 4.~~15460400~~14879252 0.00000000 ~~994~~993.~~28791483~~08564009 B-2 (0.~~00015763~~00015299) 0.00000000 4.~~15460362~~14879462 0.00000000 ~~994~~993.~~28791377~~08564210 B-3 (0.~~00016234~~00015152) 0.00000000 4.~~15459957~~14878788 0.00000000 ~~994~~993.~~28791126~~08563853 B-4 (0.00015564) 0.00000000 4.~~15460441~~14879377 0.00000000 ~~994~~993.~~28791180~~08564202 B-5 (0.~~00016234~~00014610) 0.00000000 4.~~15461039~~14879870 0.00000000 ~~994~~993.~~28792208~~08563312 B-6 (0.00015139) 0.00000000 4.~~15460406~~14878620 0.00000000 ~~994~~993.~~28791686~~08563029 (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 07,070.0094 Deposits Payments of Interest and Principal 3,~~777~~320,~~556~~084.1877 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 05,037.0008 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3,~~777~~325,~~556~~121.1885 Withdrawals Reimbursement for Servicer Advances ~~36,814~~0.4400 Payment of Service Fee 55,~~975~~409.0070 Payment of Interest and Principal 3,~~677~~276,~~695~~783.8007 Total Withdrawals (Pool Distribution Amount) 3,~~770~~332,~~485~~192.2477 Ending Balance ~~7,070~~0.9400

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 1,~~104~~031.8957 Servicing Fee Support 1,~~063~~071.0595 Non-Supported Prepayment/Curtailment Interest Shortfall 41(40.8438)

SERVICING FEES Gross Servicing Fee 54,~~844~~309.28 Master Servicing Fee 2,~~193~~172.7737 Supported Prepayment/Curtailment Interest Shortfall 1,~~063~~071.0595 Net Servicing Fee 55,~~975~~409.0070

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3249,~~236~~851.2058

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 8,781,368.97 2.85024736% 8,~~731~~720,~~209~~651.0442 3.~~34934604~~37362547% 96.~~650654~~626375% 100.000000% Class B-1 4,930,368.97 1.60029390% 4,~~902~~896,~~206~~278.2862 1.~~88051679~~89414867% 1.~~468829~~479477% 0.000000% Class B-2 2,773,368.97 0.90017714% 2,~~757~~754,~~527~~192.2589 1.~~05780459~~06547262% 0.~~822712~~828676% 0.000000% Class B-3 1,849,368.97 0.60026621% 1,~~838~~836,~~805~~581.2276 0.~~70537711~~71049039% 0.~~352427~~354982% 0.000000% Class B-4 1,078,368.97 0.35001585% 1,~~072~~070,~~209~~912.2473 0.~~41130613~~41428768% 0.~~294071~~296203% 0.000000% Class B-5 462,368.97 0.15007523% 459,~~727~~171.8898 0.~~17635447~~17763286% 0.~~234952~~236655% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~176354~~177633% 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 5.~~268355~~267143% Weighted Average Net Coupon 5.~~008355~~007143% Weighted Average Pass-Through Rate 5.~~008355~~007143% Weighted Average Maturity(Stepdown Calculation ) ~~353~~352 Beginning Scheduled Collateral Loan Count ~~535~~530 Number Of Loans Paid In Full 54 Ending Scheduled Collateral Loan Count ~~530~~526 Beginning Scheduled Collateral Balance ~~263~~260,~~262~~683,~~971~~993.2994 Ending Scheduled Collateral Balance ~~260~~258,~~683~~494,~~993~~948.9409 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 ~~259~~257,~~627~~810,~~035~~451.1823 Monthly P &I Constant 1,~~473~~461,~~722~~396.9335 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3,~~630~~229,~~777~~754.9333 Ending scheduled Balance For discounted Loans ~~260~~258,~~683~~494,~~993~~948.9409 Scheduled Principal 315,~~469~~214.9232 Unscheduled Principal 21,~~263~~873,~~507~~831.4353 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~256~~254,~~705~~522,~~855~~719.9106 Greater Than 80%, less than or equal to 85% 1,~~038~~037,~~359~~423.9666 Greater than 85%, less than or equal to 95% 2,~~937~~935,~~398~~330.8879 Greater than 95% 0.00

Filing Compare · WELLS FARGO ASSET SECURITIES CORP BACKED SERIES 2004-C TRUST