8-K 1 wfm0400t_nov.txt NOVEMBER 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): November 26, 2004 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-T Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-116509-07 54-2160303 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 November 26, 2004 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2004-T 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-T Trust, relating to the November 26, 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-T 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: 12/1/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-T Trust, relating to the November 26, 2004 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 WFMBS Series: 2004-T 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 94981BAA9 SEN 3.~~45723~~45611% ~~192~~179,~~127~~962,~~000~~325.0071 ~~553~~518,~~426~~037.0790 63,~~772~~034,~~035~~517.1740 A-R 94981BAB7 SEN 3.~~45723~~45559% 100.00 0.0300 100.00 B-1 94981BAC5 SUB 3.~~45723~~45611% 2,~~961~~951,~~000~~706.0005 8,~~529~~496.2375 4,~~618~~766.3985 B-2 94981BAD3 SUB 3.~~45723~~45611% ~~988~~984,~~000~~898.0088 2,~~845~~835.9612 1,~~541~~590.0256 B-3 94981BAE1 SUB 3.~~45723~~45611% ~~395~~393,~~000~~760.0018 1,~~137~~133.8147 ~~616~~635.1090 B-4 94981BAF8 SUB 3.~~45723~~45611% ~~395~~393,~~000~~760.0018 1,~~137~~133.8147 ~~616~~635.1090 B-5 94981BAG6 SUB 3.~~45723~~45611% ~~394~~392,~~000~~763.0032 1,~~134~~130.9360 ~~614~~634.5429 B-6 94981BAH4 SUB 3.~~45723~~45611% ~~198~~197,~~381~~759.6901 ~~571~~569.4427 ~~309~~319.4237 Totals ~~197~~185,~~458~~276,~~391~~973.6933 ~~568~~533,~~783~~336.2858 63,~~780~~043,~~360~~100.7427

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~185~~176,~~354~~927,~~964~~808.8331 73,~~325~~552,~~461~~555.2430 0.00 A-R 0.00 0.00 100.0300 0.00 B-1 0.00 2,~~956~~946,~~381~~939.6120 13,~~147~~263.6260 0.00 B-2 0.00 ~~986~~983,~~458~~308.9832 4,~~386~~425.9868 0.00 B-3 0.00 ~~394~~393,~~383~~124.9028 1,~~753~~769.9137 0.00 B-4 0.00 ~~394~~393,~~383~~124.9028 1,~~753~~769.9137 0.00 B-5 0.00 ~~393~~392,~~385~~129.4603 1,~~749~~764.4789 0.00 B-6 0.00 ~~198~~197,~~072~~439.2764 ~~880~~888.8664 0.00 Totals 0.00 ~~190~~182,~~678~~233,~~030~~873.9506 73,~~349~~576,~~144~~436.0285 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-1 192,127,000.00 ~~192~~179,~~127~~962,~~000~~325.0071 ~~299~~290,~~667~~629.6192 62,~~472~~743,~~367~~887.5648 0.00 0.00 A-R 10.00 100.00 0.4400 90.5600 0.00 0.00 B-1 2,961,000.00 2,~~961~~951,~~000~~706.0005 4,~~618~~766.3985 0.00 0.00 0.00 B-2 988,000.00 ~~988~~984,~~000~~898.0088 1,~~541~~590.0256 0.00 0.00 0.00 B-3 395,000.00 ~~395~~393,~~000~~760.0018 ~~616~~635.1090 0.00 0.00 0.00 B-4 395,000.00 ~~395~~393,~~000~~760.0018 ~~616~~635.1090 0.00 0.00 0.00 B-5 394,000.00 ~~394~~392,~~000~~763.0032 ~~614~~634.5429 0.00 0.00 0.00 B-6 198,381.69 ~~198~~197,~~381~~759.6901 ~~309~~319.4237 0.00 0.00 0.00 Totals 197,458,391.69 ~~197~~185,~~458~~276,~~391~~973.6933 ~~307~~299,~~983~~212.6279 62,~~472~~743,~~377~~887.1248 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 63,~~772~~034,~~035~~517.1740 ~~185~~176,~~354~~927,~~964~~808.8331 0.~~96475230~~92088987 63,~~772~~034,~~035~~517.1740 A-R 100.00 0.00 0.00000000 100.00 B-1 4,~~618~~766.3985 2,~~956~~946,~~381~~939.6120 0.~~99844026~~99525133 4,~~618~~766.3985 B-2 1,~~541~~590.0256 ~~986~~983,~~458~~308.9832 0.~~99844026~~99525134 1,~~541~~590.0256 B-3 ~~616~~635.1090 ~~394~~393,~~383~~124.9028 0.~~99844025~~99525134 ~~616~~635.1090 B-4 ~~616~~635.1090 ~~394~~393,~~383~~124.9028 0.~~99844025~~99525134 ~~616~~635.1090 B-5 ~~614~~634.5429 ~~393~~392,~~385~~129.4603 0.~~99844025~~99525135 ~~614~~634.5429 B-6 ~~309~~319.4237 ~~198~~197,~~072~~439.2764 0.~~99844028~~99525133 ~~309~~319.4237 Totals 63,~~780~~043,~~360~~100.7427 ~~190~~182,~~678~~233,~~030~~873.9506 0.~~96566183~~92289759 63,~~780~~043,~~360~~100.7427

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 192,127,000.00 ~~1000~~936.~~00000000~~68420217 1.~~55973710~~51269691 3314.~~68796452~~28163392 0.00000000 A-R 10.00 ~~1000~~0.00000000 440.00000000 ~~956~~0.00000000 0.00000000 B-1 2,961,000.00 ~~1000~~996.~~00000000~~86121243 1.~~55973995~~60987842 0.00000000 0.00000000 B-2 988,000.00 ~~1000~~996.~~00000000~~86121457 1.~~55973684~~60987854 0.00000000 0.00000000 B-3 395,000.00 ~~1000~~996.~~00000000~~86121519 1.~~55974684~~60987342 0.00000000 0.00000000 B-4 395,000.00 ~~1000~~996.~~00000000~~86121519 1.~~55974684~~60987342 0.00000000 0.00000000 B-5 394,000.00 ~~1000~~996.~~00000000~~86121827 1.~~55974619~~60987310 0.00000000 0.00000000 B-6 198,381.69 ~~1000~~996.~~00000000~~86120226 1.~~55972056~~60987640 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 3515.~~24770162~~79433083 ~~964~~920.~~75229838~~88987134 0.~~96475230~~92088987 3515.~~24770162~~79433083 A-R 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 B-1 0.00000000 1.~~55973995~~60987842 ~~998~~995.~~44026005~~25133401 0.~~99844026~~99525133 1.~~55973995~~60987842 B-2 0.00000000 1.~~55973684~~60987854 ~~998~~995.~~44026316~~25133603 0.~~99844026~~99525134 1.~~55973684~~60987854 B-3 0.00000000 1.~~55974684~~60987342 ~~998~~995.~~44025316~~25134177 0.~~99844025~~99525134 1.~~55974684~~60987342 B-4 0.00000000 1.~~55974684~~60987342 ~~998~~995.~~44025316~~25134177 0.~~99844025~~99525134 1.~~55974684~~60987342 B-5 0.00000000 1.~~55974619~~60987310 ~~998~~995.~~44025381~~25134518 0.~~99844025~~99525135 1.~~55974619~~60987310 B-6 0.00000000 1.~~55972056~~60987640 ~~998~~995.~~44027944~~25132587 0.~~99844028~~99525133 1.~~55972056~~60987640 (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-1 192,127,000.00 3.~~45723~~45611% ~~192~~179,~~127~~962,~~000~~325.0071 ~~553~~518,~~522~~308.2869 0.00 0.00 A-R 10.00 3.~~45723~~45559% 100.00 0.0300 0.00 0.00 B-1 2,961,000.00 3.~~45723~~45611% 2,~~961~~951,~~000~~706.0005 8,~~530~~501.7120 0.00 0.00 B-2 988,000.00 3.~~45723~~45611% ~~988~~984,~~000~~898.0088 2,~~846~~836.4560 0.00 0.00 B-3 395,000.00 3.~~45723~~45611% ~~395~~393,~~000~~760.0018 1,~~138~~134.0007 0.00 0.00 B-4 395,000.00 3.~~45723~~45611% ~~395~~393,~~000~~760.0018 1,~~138~~134.0007 0.00 0.00 B-5 394,000.00 3.~~45723~~45611% ~~394~~392,~~000~~763.0032 1,~~135~~131.1220 0.00 0.00 B-6 198,381.69 3.~~45723~~45611% ~~198~~197,~~381~~759.6901 ~~571~~569.5456 0.00 0.00 Totals 197,458,391.69 ~~568~~533,~~882~~615.1339 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 96270.2178 0.00 ~~553~~518,~~426~~037.0790 0.00 ~~185~~176,~~354~~927,~~964~~808.8331 A-R 0.00 0.00 0.0300 0.00 0.00 B-1 14.4844 0.00 8,~~529~~496.2375 0.00 2,~~956~~946,~~381~~939.6120 B-2 01.4948 0.00 2,~~845~~835.9612 0.00 ~~986~~983,~~458~~308.9832 B-3 0.2059 0.00 1,~~137~~133.8147 0.00 ~~394~~393,~~383~~124.9028 B-4 0.2059 0.00 1,~~137~~133.8147 0.00 ~~394~~393,~~383~~124.9028 B-5 0.2059 0.00 1,~~134~~130.9360 0.00 ~~393~~392,~~385~~129.4603 B-6 0.1030 0.00 ~~571~~569.4427 0.00 ~~198~~197,~~072~~439.2764 Totals 98278.8877 0.00 ~~568~~533,~~783~~336.2858 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-1 192,127,000.00 3.~~45723~~45611% ~~1000~~936.~~00000000~~68420217 2.~~88102287~~69773998 0.00000000 0.00000000 A-R 10.00 3.~~45723~~45559% ~~1000~~0.00000000 30.00000000 0.00000000 0.00000000 B-1 2,961,000.00 3.~~45723~~45611% ~~1000~~996.~~00000000~~86121243 2.~~88102330~~87105708 0.00000000 0.00000000 B-2 988,000.00 3.~~45723~~45611% ~~1000~~996.~~00000000~~86121457 2.~~88102227~~87105263 0.00000000 0.00000000 B-3 395,000.00 3.~~45723~~45611% ~~1000~~996.~~00000000~~86121519 2.~~88101266~~87106329 0.00000000 0.00000000 B-4 395,000.00 3.~~45723~~45611% ~~1000~~996.~~00000000~~86121519 2.~~88101266~~87106329 0.00000000 0.00000000 B-5 394,000.00 3.~~45723~~45611% ~~1000~~996.~~00000000~~86121827 2.~~88101523~~87106599 0.00000000 0.00000000 B-6 198,381.69 3.~~45723~~45611% ~~1000~~996.~~00000000~~86120226 2.~~88101185~~87103109 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.~~00050076~~00140938 0.00000000 2.~~88052210~~69633055 0.00000000 ~~964~~920.~~75229838~~88987134 A-R 0.00000000 0.00000000 30.00000000 0.00000000 0.00000000 B-1 0.~~00049983~~00149949 0.00000000 2.~~88052347~~86955420 0.00000000 ~~998~~995.~~44026005~~25133401 B-2 0.~~00049595~~00149798 0.00000000 2.~~88052632~~86955466 0.00000000 ~~998~~995.~~44026316~~25133603 B-3 0.~~00050633~~00149367 0.00000000 2.~~88053165~~86954430 0.00000000 ~~998~~995.~~44025316~~25134177 B-4 0.~~00050633~~00149367 0.00000000 2.~~88053165~~86954430 0.00000000 ~~998~~995.~~44025316~~25134177 B-5 0.~~00050761~~00149746 0.00000000 2.~~88053299~~86954315 0.00000000 ~~998~~995.~~44025381~~25134518 B-6 0.~~00050408~~00151224 0.00000000 2.~~88050777~~86956926 0.00000000 ~~998~~995.~~44027944~~25132587 (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 0.00 Deposits Payments of Interest and Principal 73,~~423~~722,~~961~~357.2744 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 73,~~423~~722,~~961~~357.2744 Withdrawals Reimbursement for Servicer Advances 070,959.0025 Payment of Service Fee 4039,~~504~~233.2299 Payment of Interest and Principal 73,~~349~~576,~~144~~436.0088 Total Withdrawals (Pool Distribution Amount) 73,~~389~~686,~~648~~630.2212 Ending Balance 3435,~~313~~727.0532

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 21,~~369~~167.7135 Servicing Fee Support ~~2,270~~888.8358 Non-Supported Prepayment/Curtailment Interest Shortfall 98278.8877

SERVICING FEES Gross Servicing Fee 4138,~~129~~579.8640 Master Servicing Fee 1,~~645~~543.1918 Supported Prepayment/Curtailment Interest Shortfall ~~2,270~~888.8358 Net Servicing Fee 4039,~~504~~233.2299

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 25,~~898~~321.3911

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 5,331,381.69 2.70000259% 5,~~323~~306,~~066~~064.1275 2.~~79165150~~91167864% 97.~~208348~~088321% 100.000000% Class B-1 2,370,381.69 1.20044616% 2,~~366~~359,~~684~~125.5155 1.~~24119412~~29455930% 1.~~550457~~617119% 0.000000% Class B-2 1,382,381.69 0.70008759% 1,~~380~~375,~~225~~817.5323 0.~~72385137~~75497338% 0.~~517343~~539586% 0.000000% Class B-3 987,381.69 0.50004544% ~~985~~982,~~841~~692.6395 0.~~51701899~~53924824% 0.~~206832~~215725% 0.000000% Class B-4 592,381.69 0.30000330% ~~591~~589,~~457~~568.7367 0.~~31018662~~32352310% 0.~~206832~~215725% 0.000000% Class B-5 198,381.69 0.10046759% ~~198~~197,~~072~~439.2764 0.~~10387787~~10834409% 0.~~206309~~215179% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~103878~~108344% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description 3/1 CMT ARM Weighted Average Gross Coupon 3.~~717241~~716097% Weighted Average Net Coupon 3.~~457241~~456097% Weighted Average Pass-Through Rate 3.~~457241~~456097% Weighted Average Maturity (Stepdown Calculation ) ~~351~~349 Beginning Scheduled Collateral Loan Count ~~360~~341 Number Of Loans Paid In Full 127 Ending Scheduled Collateral Loan Count ~~348~~334 Beginning Scheduled Collateral Balance ~~197~~185,~~458~~276,~~391~~973.6933 Ending Scheduled Collateral Balance ~~190~~182,~~678~~233,~~030~~873.9505 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~194~~183,~~555~~685,~~327~~286.2021 Monthly P &I Constant ~~929~~876,~~734~~768.5227 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 73,~~325~~552,~~567~~826.4809 Ending Scheduled Balance for Premium Loans ~~190~~182,~~678~~233,~~030~~873.9505 Scheduled Principal ~~307~~299,~~983~~212.6280 Unscheduled Principal 62,~~472~~743,~~377~~887.1248 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~189~~181,~~811~~368,~~502~~220.8241 Greater Than 80%, less than or equal to 85% ~~416~~415,~~369~~069.7408 Greater than 85%, less than or equal to 95% ~~440~~439,~~630~~157.5434 Greater than 95% 0.00

Filing Compare · Wells Fargo Mortgage Backed Securities Series 2004-T Trust