8-K 1 wfm0400c_nov.txt NOVEMBER 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): November 26, 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 November 26, 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 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-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: 12/2/2004 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 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-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.~~00697~~00182% ~~251~~247,~~952~~074,~~784~~174.8955 1,~~051~~029,~~305~~825.1482 26,~~178~~084,~~488~~406.2365 A-R 94980AAE4 SEN 54.~~00368~~99900% 0.00 0.00 0.00 B-1 94980AAF1 SUB 5.~~00697~~00182% 3,~~829~~819,~~002~~720.7697 15,~~977~~920.0092 4,~~629~~628.9604 B-2 94980AAG9 SUB 5.~~00697~~00182% 2,~~144~~139,~~679~~480.0317 8,~~948~~917.9553 2,~~593~~592.3123 B-3 94980AAH7 SUB 5.~~00697~~00182% ~~918~~916,~~722~~494.0398 3,~~833~~820.4803 1,110.9044 B-4 94980AAA2 SUB 5.~~00697~~00182% ~~766~~764,~~595~~737.9870 3,~~198~~187.7249 926.9557 B-5 94980AAB0 SUB 5.~~00697~~00182% ~~612~~610,~~481~~996.3665 2,~~555~~546.6669 740.6029 B-6 94980AAC8 SUB 5.~~00697~~00182% ~~459~~458,~~727~~613.8846 1,~~918~~911.2754 555.8966 Totals ~~260~~255,~~683~~784,~~993~~218.9348 1,~~087~~066,~~737~~130.2202 26,~~189~~094,~~045~~959.8488

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~249~~240,~~774~~989,~~296~~767.6689 37,~~229~~114,~~793~~232.3747 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 3,~~824~~815,~~372~~092.8093 20,~~606~~548.96 0.00 B-2 0.00 2,~~142~~136,~~085~~887.7394 11,~~542~~509.2676 0.00 B-3 0.00 ~~917~~915,~~611~~384.1354 4,~~944~~930.3847 0.00 B-4 0.00 ~~765~~763,~~669~~811.0313 4,~~125~~114.6706 0.00 B-5 0.00 ~~611~~610,~~740~~256.7536 3,~~296~~286.2698 0.00 B-6 0.00 ~~459~~458,~~171~~057.9880 2,~~474~~467.1620 0.00 Totals 0.00 ~~258~~249,~~494~~689,~~948~~258.0859 37,~~276~~161,~~783~~089.0690 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 ~~251~~247,~~952~~074,~~784~~174.8955 ~~304~~299,~~656~~359.7051 15,~~873~~785,~~831~~047.5314 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,~~829~~819,~~002~~720.7697 4,~~629~~628.9604 0.00 0.00 0.00 B-2 2,157,000.00 2,~~144~~139,~~679~~480.0317 2,~~593~~592.3123 0.00 0.00 0.00 B-3 924,000.00 ~~918~~916,~~722~~494.0398 1,110.9044 0.00 0.00 0.00 B-4 771,000.00 ~~766~~764,~~595~~737.9870 926.9557 0.00 0.00 0.00 B-5 616,000.00 ~~612~~610,~~481~~996.3665 740.6029 0.00 0.00 0.00 B-6 462,368.97 ~~459~~458,~~727~~613.8846 555.8966 0.00 0.00 0.00 Totals 308,091,468.97 ~~260~~255,~~683~~784,~~993~~218.9348 ~~315~~309,~~214~~912.3174 15,~~873~~785,~~831~~047.5314 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 26,~~178~~084,~~488~~406.2365 ~~249~~240,~~774~~989,~~296~~767.6689 0.~~83450034~~80515107 26,~~178~~084,~~488~~406.2365 A-R 0.00 0.00 0.00000000 0.00 B-1 4,~~629~~628.9604 3,~~824~~815,~~372~~092.8093 0.~~99308564~~99067591 4,~~629~~628.9604 B-2 2,~~593~~592.3123 2,~~142~~136,~~085~~887.7394 0.~~99308564~~99067591 2,~~593~~592.3123 B-3 1,110.9044 ~~917~~915,~~611~~384.1354 0.~~99308564~~99067591 1,110.9044 B-4 926.9557 ~~765~~763,~~669~~811.0313 0.~~99308564~~99067591 926.9557 B-5 740.6029 ~~611~~610,~~740~~256.7536 0.~~99308563~~99067591 740.6029 B-6 555.8966 ~~459~~458,~~171~~057.9880 0.~~99308563~~99067591 555.8966 Totals 26,~~189~~094,~~045~~959.8488 ~~258~~249,~~494~~689,~~948~~258.0859 0.~~83902014~~81043873 26,~~189~~094,~~045~~959.8488

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 ~~841~~825.~~77870733~~47918396 1.~~01786342~~00016541 619.~~26050426~~32794474 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,851,000.00 ~~994~~991.~~28791483~~87768632 1.~~20227473~~20177616 0.00000000 0.00000000 B-2 2,157,000.00 ~~994~~991.~~28791377~~87768660 1.~~20227631~~20177561 0.00000000 0.00000000 B-3 924,000.00 ~~994~~991.~~28791126~~87768398 1.~~20227273~~20177489 0.00000000 0.00000000 B-4 771,000.00 ~~994~~991.~~28791180~~87769131 1.~~20226978~~20177691 0.00000000 0.00000000 B-5 616,000.00 ~~994~~991.~~28792208~~87767857 1.~~20227273~~20176948 0.00000000 0.00000000 B-6 462,368.97 ~~994~~991.~~28791686~~87767726 1.~~20226494~~20176750 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 720.~~27836768~~32811015 ~~834~~805.~~50033965~~15107377 0.~~83450034~~80515107 720.~~27836768~~32811015 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~20227473~~20177616 ~~993~~990.~~08564009~~67591015 0.~~99308564~~99067591 1.~~20227473~~20177616 B-2 0.00000000 1.~~20227631~~20177561 ~~993~~990.~~08564210~~67591099 0.~~99308564~~99067591 1.~~20227631~~20177561 B-3 0.00000000 1.~~20227273~~20177489 ~~993~~990.~~08563853~~67590909 0.~~99308564~~99067591 1.~~20227273~~20177489 B-4 0.00000000 1.~~20226978~~20177691 ~~993~~990.~~08564202~~67591440 0.~~99308564~~99067591 1.~~20226978~~20177691 B-5 0.00000000 1.~~20227273~~20176948 ~~993~~990.~~08563312~~67590909 0.~~99308563~~99067591 1.~~20227273~~20176948 B-6 0.00000000 1.~~20226494~~20176750 ~~993~~990.~~08563029~~67590976 0.~~99308563~~99067591 1.~~20226494~~20176750 (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.~~00697~~00182% ~~251~~247,~~952~~074,~~784~~174.8955 1,~~051~~029,~~266~~849.1058 0.00 0.00 A-R 100.00 54.~~00368~~99900% 0.00 0.00 0.00 0.00 B-1 3,851,000.00 5.~~00697~~00182% 3,~~829~~819,~~002~~720.7697 15,~~976~~921.4128 0.00 0.00 B-2 2,157,000.00 5.~~00697~~00182% 2,~~144~~139,~~679~~480.0317 8,~~948~~917.6174 0.00 0.00 B-3 924,000.00 5.~~00697~~00182% ~~918~~916,~~722~~494.0398 3,~~833~~820.3412 0.00 0.00 B-4 771,000.00 5.~~00697~~00182% ~~766~~764,~~595~~737.9870 3,~~198~~187.6056 0.00 0.00 B-5 616,000.00 5.~~00697~~00182% ~~612~~610,~~481~~996.3665 2,~~555~~546.5674 0.00 0.00 B-6 462,368.97 5.~~00697~~00182% ~~459~~458,~~727~~613.8846 1,~~918~~911.2058 0.00 0.00 Totals 308,091,468.97 1,~~087~~066,~~696~~154.8260 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 ~~(39~~23.~~04)~~76 0.00 1,~~051~~029,~~305~~825.1482 0.00 ~~249~~240,~~774~~989,~~296~~767.6689 A-R 0.00 0.00 0.00 0.00 0.00 B-1 (0.~~59)~~37 0.00 15,~~977~~920.0092 0.00 3,~~824~~815,~~372~~092.8093 B-2 (0.~~33)~~21 0.00 8,~~948~~917.9553 0.00 2,~~142~~136,~~085~~887.7394 B-3 (0.~~14)~~09 0.00 3,~~833~~820.4803 0.00 ~~917~~915,~~611~~384.1354 B-4 (0.~~12)~~07 0.00 3,~~198~~187.7249 0.00 ~~765~~763,~~669~~811.0313 B-5 (0.~~09)~~06 0.00 2,~~555~~546.6669 0.00 ~~611~~610,~~740~~256.7536 B-6 (0.~~07)~~04 0.00 1,~~918~~911.2754 0.00 ~~459~~458,~~171~~057.9880 Totals ~~(40~~24.~~38)~~60 0.00 1,~~087~~066,~~737~~130.2202 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.~~00697~~00182% ~~841~~825.~~77870733~~47918396 3.~~51229862~~44074565 0.00000000 0.00000000 A-R 100.00 54.~~00368~~99900% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,851,000.00 5.~~00697~~00182% ~~994~~991.~~28791483~~87768632 4.~~14863931~~13432355 0.00000000 0.00000000 B-2 2,157,000.00 5.~~00697~~00182% ~~994~~991.~~28791377~~87768660 4.~~14863700~~13432545 0.00000000 0.00000000 B-3 924,000.00 5.~~00697~~00182% ~~994~~991.~~28791126~~87768398 4.~~14863636~~13432900 0.00000000 0.00000000 B-4 771,000.00 5.~~00697~~00182% ~~994~~991.~~28791180~~87769131 4.~~14863813~~13431907 0.00000000 0.00000000 B-5 616,000.00 5.~~00697~~00182% ~~994~~991.~~28792208~~87767857 4.~~14863636~~13431818 0.00000000 0.00000000 B-6 462,368.97 5.~~00697~~00182% ~~994~~991.~~28791686~~87767726 4.~~14863480~~13431723 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.~~00013043)~~00007938 0.00000000 3.~~51242905~~44066627 0.00000000 ~~834~~805.~~50033965~~15107377 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 (0.~~00015321)~~00009608 0.00000000 4.~~14879252~~13423007 0.00000000 ~~993~~990.~~08564009~~67591015 B-2 (0.~~00015299)~~00009736 0.00000000 4.~~14879462~~13422809 0.00000000 ~~993~~990.~~08564210~~67591099 B-3 (0.~~00015152)~~00009740 0.00000000 4.~~14878788~~13423160 0.00000000 ~~993~~990.~~08563853~~67590909 B-4 (0.~~00015564)~~00009079 0.00000000 4.~~14879377~~13422827 0.00000000 ~~993~~990.~~08564202~~67591440 B-5 (0.~~00014610)~~00009740 0.00000000 4.~~14879870~~13423701 0.00000000 ~~993~~990.~~08563312~~67590909 B-6 (0.~~00015139)~~00008651 0.00000000 4.~~14878620~~13423072 0.00000000 ~~993~~990.~~08563029~~67590976 (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 ~~7,070~~0.9400 Deposits Payments of Interest and Principal 37,~~320~~367,~~084~~444.77 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 530,~~037~~410.0817 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 37,~~325~~397,~~121~~854.8594 Withdrawals Reimbursement for Servicer Advances 0187,001.0022 Payment of Service Fee 5549,~~409~~763.7081 Payment of Interest and Principal 37,~~276~~161,~~783~~089.0791 Total Withdrawals (Pool Distribution Amount) 37,~~332~~397,~~192~~854.7794 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 15,~~031~~679.5730 Servicing Fee Support 15,~~071~~654.9570 Non-Supported Prepayment/Curtailment Interest Shortfall ~~(40~~24.~~38)~~60

SERVICING FEES Gross Servicing Fee 5453,~~309~~287.2803 Master Servicing Fee 2,~~172~~131.3748 Supported Prepayment/Curtailment Interest Shortfall 15,~~071~~654.9570 Net Servicing Fee 5549,~~409~~763.7081

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 01 0 0 0 01 0677,061.0092 0.00 0.00 0.00 0677,061.0092 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 01 0 0 0 01 0677,061.0092 0.00 0.00 0.00 0677,061.0092 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.~~000000~~195695% 0.000000% 0.000000% 0.000000% 0.~~000000~~195695% 0.~~000000~~268332% 0.000000% 0.000000% 0.000000% 0.~~000000~~268332% 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.~~000000~~195695% 0.000000% 0.000000% 0.000000% 0.~~000000~~195695% 0.~~000000~~268332% 0.000000% 0.000000% 0.000000% 0.~~000000~~268332%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4953,~~851~~685.5868

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 8,781,368.97 2.85024736% 8,~~720~~699,~~651~~490.4270 3.~~37362547~~48412693% 96.~~626375~~515873% 100.000000% Class B-1 4,930,368.97 1.60029390% 4,~~896~~884,~~278~~397.6277 1.~~89414867~~95619059% 1.~~479477~~527936% 0.000000% Class B-2 2,773,368.97 0.90017714% 2,~~754~~747,~~192~~509.8983 1.~~06547262~~10037166% 0.~~828676~~855819% 0.000000% Class B-3 1,849,368.97 0.60026621% 1,~~836~~832,~~581~~125.7629 0.~~71049039~~73376216% 0.~~354982~~366609% 0.000000% Class B-4 1,078,368.97 0.35001585% 1,~~070~~068,~~912~~314.7316 0.~~41428768~~42785748% 0.~~296203~~305905% 0.000000% Class B-5 462,368.97 0.15007523% ~~459~~458,~~171~~057.9880 0.~~17763286~~18345114% 0.~~236655~~244406% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~177633~~183451% 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.~~267143~~261827% Weighted Average Net Coupon 5.~~007143~~001827% Weighted Average Pass-Through Rate 5.~~007143~~001827% Weighted Average Maturity(Stepdown Calculation ) ~~352~~350 Beginning Scheduled Collateral Loan Count ~~530~~521 Number Of Loans Paid In Full 410 Ending Scheduled Collateral Loan Count ~~526~~511 Beginning Scheduled Collateral Balance ~~260~~255,~~683~~784,~~993~~218.9448 Ending Scheduled Collateral Balance ~~258~~249,~~494~~689,~~948~~258.0958 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~257~~252,~~810~~322,~~451~~621.2301 Monthly P &I Constant 1,~~461~~438,~~396~~190.3522 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 37,~~229~~114,~~754~~256.3323 Ending scheduled Balance For discounted Loans ~~258~~249,~~494~~689,~~948~~258.0958 Scheduled Principal ~~315~~309,~~214~~912.3276 Unscheduled Principal 15,~~873~~785,~~831~~047.5314 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~254~~246,~~522~~213,~~719~~632.0619 Greater Than 80%, less than or equal to 85% 1,~~037~~034,~~423~~169.6699 Greater than 85%, less than or equal to 95% 2,~~935~~447,~~330~~748.7920 Greater than 95% 0.00

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