8-K 1 wfa05001_10507.txt 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): July 25, 2005 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Asset Backed P/T Certificates, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-109423-01 Pooling and Servicing Agreement) (Commission 54-2169408 (State or other File Number) IRS EIN 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 July 25, 2005 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Asset Backed P/T Certificates, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Asset Backed P/T Certificates, Series 2005-1 Trust, relating to the July 25, 2005 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 Asset Backed P/T Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/26/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Asset Backed P/T Certificates, Series 2005-1 Trust, relating to the July 25, 2005 distribution. EX-99.1

Wells Fargo Asset Securities Corporation Mortgage Asset Backed P/T Certificates Record Date: 56/3130/2005 Distribution Date: 67/2725/2005 Wells Fargo Asset Securities Corporation Mortgage Asset Backed P/T Certificates Series 2005-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution A-P 94981FAM4 PO 0.00000% ~~266~~265,~~238~~550.2611 0.00 I-A-1 94981FAA0 SEN 5.50000% 6,188,000.00 28,~~362~~361.6684 I-A-2 94981FAB8 SEN 5.50000% 4645,~~245~~782,~~034~~710.6540 ~~211~~209,~~963~~838.8273 I-A-3 94981FAC6 SEN 5.50000% 534,000.00 2,447.5952 A-WIO 94981FAL6 IO 0.~~55735~~55753% 0.00 8988,~~798~~051.8442 I-A-R 94981FAD4 SEN 5.50000% 0.00 01.0908 II-A-1 94981FAE2 SEN 5.50000% 6,765,000.00 31,~~007~~006.3344 II-A-2 94981FAF9 SEN 5.50000% 340,000.00 1,558.3934 II-A-3 94981FAG7 SEN 5.50000% 5351,~~304~~527,~~393~~190.2324 ~~244~~236,~~320~~167.3575 II-A-4 94981FAH5 SEN 5.50000% 191,000.00 875.4542 III-A-1 94981FAJ1 SEN 5.50000% 7674,~~208~~611,~~926~~177.5855 ~~349~~341,~~303~~970.1302 III-A-2 94981FAK8 SEN 5.50000% 2,438,000.00 11,174.5624 B-1 94981FAN2 SUB 5.50000% 4,~~979~~972,~~186~~872.9737 22,~~822~~792.1549 B-2 94981FAP7 SUB 5.50000% 1,~~947~~945,~~641~~171.16 8,~~927~~915.0343 B-3 94981FAQ5 SUB 5.50000% 1,~~407~~405,~~681~~896.3109 6,~~452~~443.1273 B-4 94981FAR3 SUB 5.50000% ~~974~~973,~~318~~083.7007 4,~~465~~459.8099 B-5 94981FAS1 SUB 5.50000% ~~649~~648,~~545~~722.8005 2,~~977~~973.2033 B-6 94981FAT9 SUB 5.50000% ~~865~~864,~~935~~837.3719 3,~~969~~963.0286 Totals ~~203~~199,~~304~~453,~~902~~210.0323 1,~~020~~001,~~425~~001.5363

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-P ~~688~~670.1596 0.00 ~~265~~264,~~550~~879.1115 ~~688~~670.1596 0.00 I-A-1 0.00 0.00 6,188,000.00 28,~~362~~361.6684 0.00 I-A-2 ~~462~~74,~~324~~197.2695 0.00 45,~~782~~708,~~710~~512.4045 ~~674~~284,~~288~~036.0868 0.00 I-A-3 0.00 0.00 534,000.00 2,447.5952 0.00 A-WIO 0.00 0.00 0.00 8988,~~798~~051.8442 0.00 I-A-R 0.00 0.00 0.00 01.0908 0.00 II-A-1 0.00 0.00 6,765,000.00 31,~~007~~006.3344 0.00 II-A-2 0.00 0.00 340,000.00 1,558.3934 0.00 II-A-3 1,~~777~~064,~~202~~925.9937 0.00 5150,~~527~~462,~~190~~264.2487 21,~~021~~301,~~523~~093.3412 0.00 II-A-4 0.00 0.00 191,000.00 875.4542 0.00 III-A-1 12,~~597~~412,~~749~~745.0497 0.00 7472,~~611~~198,~~177~~431.5557 12,~~947~~754,~~052~~715.1799 0.00 III-A-2 0.00 0.00 2,438,000.00 11,174.5624 0.00 B-1 6,~~314~~316.6013 0.00 4,~~972~~966,~~872~~556.3723 29,~~136~~108.7562 0.00 B-2 2,470.0060 0.00 1,~~945~~942,~~171~~700.1657 11,~~397~~386.03 0.00 B-3 1,785.2265 0.00 1,~~405~~404,~~896~~110.0944 8,~~237~~229.3438 0.00 B-4 1,235.6393 0.00 ~~973~~971,~~083~~847.0714 5,~~701~~695.4392 0.00 B-5 823.7595 0.00 ~~648~~647,~~722~~898.0509 3,~~800~~797.9528 0.00 B-6 1,098.1844 0.00 ~~864~~863,~~837~~738.1975 5,~~067~~062.2030 24.99 Totals 3,~~851~~566,~~691~~270.8295 0.00 ~~199~~195,~~453~~886,~~210~~939.2326 4,~~872~~567,~~117~~272.3558 24.99 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-P 268,575.93 ~~266~~265,~~238~~550.2611 ~~660~~663.6357 277.5239 0.00 0.00 I-A-1 6,188,000.00 6,188,000.00 0.00 0.00 0.00 0.00 I-A-2 52,597,000.00 4645,~~245~~782,~~034~~710.6540 6364,~~947~~269.1128 ~~398~~9,~~377~~928.1467 0.00 0.00 I-A-3 534,000.00 534,000.00 0.00 0.00 0.00 0.00 A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 I-A-R 100.00 0.00 0.00 0.00 0.00 0.00 II-A-1 6,765,000.00 6,765,000.00 0.00 0.00 0.00 0.00 II-A-2 340,000.00 340,000.00 0.00 0.00 0.00 0.00 II-A-3 57,711,000.00 5351,~~304~~527,~~393~~190.2324 7775,~~701~~747.6852 1989,~~699,501~~177.3186 0.00 0.00 II-A-4 191,000.00 191,000.00 0.00 0.00 0.00 0.00 III-A-1 79,392,000.00 7674,~~208~~611,~~926~~177.5855 ~~102~~99,~~336~~354.3292 12,~~495~~313,~~412~~391.7105 0.00 0.00 III-A-2 2,438,000.00 2,438,000.00 0.00 0.00 0.00 0.00 B-1 4,998,000.00 4,~~979~~972,~~186~~872.9737 6,~~314~~316.6013 0.00 0.00 0.00 B-2 1,955,000.00 1,~~947~~945,~~641~~171.16 2,470.0060 0.00 0.00 0.00 B-3 1,413,000.00 1,~~407~~405,~~681~~896.3109 1,785.2265 0.00 0.00 0.00 B-4 978,000.00 ~~974~~973,~~318~~083.7007 1,235.6393 0.00 0.00 0.00 B-5 652,000.00 ~~649~~648,~~545~~722.8005 823.7595 0.00 0.00 0.00 B-6 869,207.16 ~~865~~864,~~935~~837.3719 1,098.1844 0.00 0.00 0.00 Totals 217,289,883.09 ~~203~~199,~~304~~453,~~902~~210.0323 ~~258~~253,~~373~~765.1299 3,~~593~~312,~~318~~504.6897 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-P ~~688~~670.1596 ~~265~~264,~~550~~879.1115 0.~~98873384~~98623562 ~~688~~670.1596 I-A-1 0.00 6,188,000.00 1.00000000 0.00 I-A-2 ~~462~~74,~~324~~197.2695 45,~~782~~708,~~710~~512.4045 0.~~87044338~~86903269 ~~462~~74,~~324~~197.2695 I-A-3 0.00 534,000.00 1.00000000 0.00 A-WIO 0.00 0.00 0.00000000 0.00 I-A-R 0.00 0.00 0.00000000 0.00 II-A-1 0.00 6,765,000.00 1.00000000 0.00 II-A-2 0.00 340,000.00 1.00000000 0.00 II-A-3 1,~~777~~064,~~202~~925.9937 5150,~~527~~462,~~190~~264.2487 0.~~89284868~~87439595 1,~~777~~064,~~202~~925.9937 II-A-4 0.00 191,000.00 1.00000000 0.00 III-A-1 12,~~597~~412,~~749~~745.0497 7472,~~611~~198,~~177~~431.5557 0.~~93978206~~90939177 12,~~597~~412,~~749~~745.0497 III-A-2 0.00 2,438,000.00 1.00000000 0.00 B-1 6,~~314~~316.6013 4,~~972~~966,~~872~~556.3723 0.~~99497246~~99370873 6,~~314~~316.6013 B-2 2,470.0060 1,~~945~~942,~~171~~700.1657 0.~~99497246~~99370873 2,470.0060 B-3 1,785.2265 1,~~405~~404,~~896~~110.0944 0.~~99497246~~99370873 1,785.2265 B-4 1,235.6393 ~~973~~971,~~083~~847.0714 0.~~99497246~~99370873 1,235.6393 B-5 823.7595 ~~648~~647,~~722~~898.0509 0.~~99497247~~99370873 823.7595 B-6 1,098.1844 ~~864~~863,~~837~~738.1975 0.~~99497246~~99370874 1,098.1844 Totals 3,~~851~~566,~~691~~270.8295 ~~199~~195,~~453~~886,~~210~~939.2326 0.~~91791301~~90150050 3,~~851~~566,~~691~~270.8295

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-P 268,575.93 ~~991~~988.~~29605546~~73383776 2.~~45975133~~47069795 0.~~10246637~~02751550 0.00000000 I-A-1 6,188,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-2 52,597,000.00 ~~879~~870.~~23331464~~44337890 1.~~21579387~~22191912 70.~~57414187~~18876875 0.00000000 I-A-3 534,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 6,765,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-2 340,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-3 57,711,000.00 ~~923~~892.~~64355547~~84868119 1.~~34639289~~31253175 2917.~~44848140~~14019615 0.00000000 II-A-4 191,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-1 79,392,000.00 ~~959~~939.~~90687450~~78206305 1.~~28900040~~25144750 1829.~~83581104~~13884333 0.00000000 III-A-2 2,438,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 4,998,000.00 ~~996~~994.~~23588836~~97246299 1.~~26342537~~26373149 0.00000000 0.00000000 B-2 1,955,000.00 ~~996~~994.~~23588747~~97246036 1.~~26342711~~26373402 0.00000000 0.00000000 B-3 1,413,000.00 ~~996~~994.~~23588818~~97246285 1.~~26342534~~26372965 0.00000000 0.00000000 B-4 978,000.00 ~~996~~994.~~23588957~~97246421 1.~~26342536~~26373211 0.00000000 0.00000000 B-5 652,000.00 ~~996~~994.~~23588957~~97246933 1.~~26342025~~26372699 0.00000000 0.00000000 B-6 869,207.16 ~~996~~994.~~23589157~~97246433 1.~~26342724~~26372636 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-P 0.00000000 2.~~56221769~~49821345 ~~988~~986.~~73383776~~23562432 0.~~98873384~~98623562 2.~~56221769~~49821345 I-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-2 0.00000000 81.~~78993593~~41068787 ~~870~~869.~~44337890~~03269103 0.~~87044338~~86903269 81.~~78993593~~41068787 I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-3 0.00000000 3018.~~79487429~~45272773 ~~892~~874.~~84868119~~39595346 0.~~89284868~~87439595 3018.~~79487429~~45272773 II-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-1 0.00000000 2030.~~12481157~~39029084 ~~939~~909.~~78206305~~39177209 0.~~93978206~~90939177 2030.~~12481157~~39029084 III-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 1.~~26342537~~26373149 ~~994~~993.~~97246299~~70872949 0.~~99497246~~99370873 1.~~26342537~~26373149 B-2 0.00000000 1.~~26342711~~26373402 ~~994~~993.~~97246036~~70873146 0.~~99497246~~99370873 1.~~26342711~~26373402 B-3 0.00000000 1.~~26342534~~26372965 ~~994~~993.~~97246285~~70873319 0.~~99497246~~99370873 1.~~26342534~~26372965 B-4 0.00000000 1.~~26342536~~26373211 ~~994~~993.~~97246421~~70873211 0.~~99497246~~99370873 1.~~26342536~~26373211 B-5 0.00000000 1.~~26342025~~26372699 ~~994~~993.~~97246933~~70872699 0.~~99497247~~99370873 1.~~26342025~~26372699 B-6 0.00000000 1.~~26342724~~26372636 ~~994~~993.~~97246433~~70873797 0.~~99497246~~99370874 1.~~26342724~~26372636 (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-P 268,575.93 0.00000% ~~266~~265,~~238~~550.2611 0.00 0.00 0.00 I-A-1 6,188,000.00 5.50000% 6,188,000.00 28,361.67 0.00 0.00 I-A-2 52,597,000.00 5.50000% 4645,~~245~~782,~~034~~710.6540 ~~211~~209,~~956~~837.4142 0.00 0.00 I-A-3 534,000.00 5.50000% 534,000.00 2,447.50 0.00 0.00 A-WIO 0.00 0.~~55735~~55753% ~~193~~189,~~335~~516,~~409~~531.7576 8988,~~795~~050.7087 0.00 0.00 I-A-R 100.00 5.50000% 0.00 0.00 0.00 0.00 II-A-1 6,765,000.00 5.50000% 6,765,000.00 31,006.25 0.00 0.00 II-A-2 340,000.00 5.50000% 340,000.00 1,558.33 0.00 0.00 II-A-3 57,711,000.00 5.50000% 5351,~~304~~527,~~393~~190.2324 ~~244~~236,~~311~~166.8029 0.00 0.00 II-A-4 191,000.00 5.50000% 191,000.00 875.42 0.00 0.00 III-A-1 79,392,000.00 5.50000% 7674,~~208~~611,~~926~~177.5855 ~~349~~341,~~290~~967.9190 0.00 0.00 III-A-2 2,438,000.00 5.50000% 2,438,000.00 11,174.17 0.00 0.00 B-1 4,998,000.00 5.50000% 4,~~979~~972,~~186~~872.9737 22,~~821~~792.2733 0.00 0.00 B-2 1,955,000.00 5.50000% 1,~~947~~945,~~641~~171.16 8,~~926~~915.6937 0.00 0.00 B-3 1,413,000.00 5.50000% 1,~~407~~405,~~681~~896.3109 6,~~451~~443.8769 0.00 0.00 B-4 978,000.00 5.50000% ~~974~~973,~~318~~083.7007 4,~~465~~459.6396 0.00 0.00 B-5 652,000.00 5.50000% ~~649~~648,~~545~~722.8005 2,~~977~~973.0831 0.00 0.00 B-6 869,207.16 5.50000% ~~865~~864,~~935~~837.3719 3,~~968~~963.8784 0.00 0.00 Totals 217,289,883.09 1,~~020~~000,~~389~~994.5732 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-P 0.00 0.00 0.00 0.00 ~~265~~264,~~550~~879.1115 I-A-1 (0.9918) 0.00 28,~~362~~361.6684 0.00 6,188,000.00 I-A-2 (71.4130) 0.00 ~~211~~209,~~963~~838.8273 0.00 45,~~782~~708,~~710~~512.4045 I-A-3 (0.0902) 0.00 2,447.5952 0.00 534,000.00 A-WIO (30.1455) 0.00 8988,~~798~~051.8442 0.00 ~~189~~185,~~518~~976,~~982~~561.0392 I-A-R 0.00 0.00 01.0908 0.00 0.00 II-A-1 (10.0819) 0.00 31,~~007~~006.3344 0.00 6,765,000.00 II-A-2 (0.0501) 0.00 1,558.3934 0.00 340,000.00 II-A-3 (81.5547) 0.00 ~~244~~236,~~320~~167.3575 0.00 5150,~~527~~462,~~190~~264.2487 II-A-4 (0.0301) 0.00 875.4542 0.00 191,000.00 III-A-1 (122.2212) 0.00 ~~349~~341,~~303~~970.1302 0.00 7472,~~611~~198,~~177~~431.5557 III-A-2 (0.3907) 0.00 11,174.5624 0.00 2,438,000.00 B-1 (0.8816) 0.00 22,~~822~~792.1549 0.00 4,~~972~~966,~~872~~556.3723 B-2 (0.3406) 0.00 8,~~927~~915.0343 0.00 1,~~945~~942,~~171~~700.1657 B-3 (0.2504) 0.00 6,~~452~~443.1273 0.00 1,~~405~~404,~~896~~110.0944 B-4 (0.1703) 0.00 4,~~465~~459.8099 0.00 ~~973~~971,~~083~~847.0714 B-5 (0.1102) 0.00 2,~~977~~973.2033 0.00 ~~648~~647,~~722~~898.0509 B-6 (0.1503) 0.00 3,~~969~~963.0286 0.00 ~~864~~863,~~837~~738.1975 Totals (356.8526) 0.00 1,~~020~~001,~~425~~001.5363 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-P 268,575.93 0.00000% ~~991~~988.~~29605546~~73383776 0.00000000 0.00000000 0.00000000 I-A-1 6,188,000.00 5.50000% 1000.00000000 4.58333387 0.00000000 0.00000000 I-A-2 52,597,000.00 5.50000% ~~879~~870.~~23331464~~44337890 43.~~02981938~~98953210 0.00000000 0.00000000 I-A-3 534,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 A-WIO 0.00 0.~~55735~~55753% ~~933~~914.~~29380401~~85882011 0.~~43347347~~42505060 0.00000000 0.00000000 I-A-R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 6,765,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 II-A-2 340,000.00 5.50000% 1000.00000000 4.58332353 0.00000000 0.00000000 II-A-3 57,711,000.00 5.50000% ~~923~~892.~~64355547~~84868119 4.~~23336626~~09222315 0.00000000 0.00000000 II-A-4 191,000.00 5.50000% 1000.00000000 4.58335079 0.00000000 0.00000000 III-A-1 79,392,000.00 5.50000% ~~959~~939.~~90687450~~78206305 4.~~39957313~~30733449 0.00000000 0.00000000 III-A-2 2,438,000.00 5.50000% 1000.00000000 4.58333470 0.00000000 0.00000000 B-1 4,998,000.00 5.50000% ~~996~~994.~~23588836~~97246299 4.~~56608043~~56029012 0.00000000 0.00000000 B-2 1,955,000.00 5.50000% ~~996~~994.~~23588747~~97246036 4.~~56608184~~56029156 0.00000000 0.00000000 B-3 1,413,000.00 5.50000% ~~996~~994.~~23588818~~97246285 4.~~56607926~~56029016 0.00000000 0.00000000 B-4 978,000.00 5.50000% ~~996~~994.~~23588957~~97246421 4.~~56608384~~56028630 0.00000000 0.00000000 B-5 652,000.00 5.50000% ~~996~~994.~~23588957~~97246933 4.~~56607362~~56029141 0.00000000 0.00000000 B-6 869,207.16 5.50000% ~~996~~994.~~23589157~~97246433 4.~~56608066~~56029377 0.00000000 0.00000000 (5) Per $1,000 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-P 0.00000000 0.00000000 0.00000000 0.00000000 ~~988~~986.~~73383776~~23562432 I-A-1 (0.~~00015999~~00002909) 0.00000000 4.~~58349386~~58336134 0.00000000 1000.00000000 I-A-2 (0.~~00014088~~00002472) 0.00000000 43.~~02996026~~98955701 0.00000000 ~~870~~869.~~44337890~~03269103 I-A-3 (0.~~00016854~~00003745) 0.00000000 4.~~58350187~~58337079 0.00000000 1000.00000000 A-WIO (0.~~00001516~~00000266) 0.00000000 0.~~43348863~~42505325 0.00000000 ~~914~~897.~~87064837~~77021786 I-A-R 0.00000000 0.00000000 010.~~90000000~~80000000 0.00000000 0.00000000 II-A-1 (0.~~00015965~~00002809) 0.00000000 4.~~58349298~~58336142 0.00000000 1000.00000000 II-A-2 (0.~~00014706~~00002941) 0.00000000 4.~~58350000~~58335294 0.00000000 1000.00000000 II-A-3 (0.~~00014815~~00002547) 0.00000000 4.~~23351441~~09224844 0.00000000 ~~892~~874.~~84868119~~39595346 II-A-4 (0.~~00015707~~00005236) 0.00000000 4.~~58350785~~58335079 0.00000000 1000.00000000 III-A-1 (0.~~00015392~~00002670) 0.00000000 4.~~39972705~~30736120 0.00000000 ~~939~~909.~~78206305~~39177209 III-A-2 (0.~~00015997~~00002871) 0.00000000 4.~~58349467~~58336341 0.00000000 1000.00000000 B-1 (0.~~00017607~~00003201) 0.00000000 4.~~56625650~~56032213 0.00000000 ~~994~~993.~~97246299~~70872949 B-2 (0.~~00017391~~00003069) 0.00000000 4.~~56625575~~56032225 0.00000000 ~~994~~993.~~97246036~~70873146 B-3 (0.~~00017693~~00002831) 0.00000000 4.~~56625619~~56031847 0.00000000 ~~994~~993.~~97246285~~70873319 B-4 (0.~~00017382~~00003067) 0.00000000 4.~~56625767~~56031697 0.00000000 ~~994~~993.~~97246421~~70873211 B-5 (0.~~00016871~~00003067) 0.00000000 4.~~56625767~~56032209 0.00000000 ~~994~~993.~~97246933~~70872699 B-6 (0.~~00017257~~00003451) 0.00000000 4.~~56625323~~56031678 0.00000000 ~~994~~993.~~97246433~~70873797 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage A-P-1 0.00000% 0.00 0.00 29,~~356~~316.8069 29,~~316~~276.6940 99.~~44508668~~30841905% A-P-2 0.00000% 0.00 0.00 178,~~808~~389.2356 ~~178~~177,~~389~~968.5696 98.~~91390721~~68069182% A-P-3 0.00000% 0.00 0.00 5857,~~073~~843.2285 57,~~843~~633.8579 98.~~46207505~~10450992% A-WIO-1 0.~~52003~~52218% 51,~~967~~509,~~874~~768.2487 51,~~510~~440,~~457~~675.2813 0.00 0.00 88.~~34699614~~22731087% A-WIO-2 0.~~51999~~52222% 6058,~~650~~874,~~484~~934.4309 5857,~~876~~815,~~426~~689.1453 0.00 0.00 9088.~~56115529~~92957642% A-WIO-3 0.~~60944~~60681% 8079,~~717~~131,~~051~~828.0880 7976,~~132~~720,~~098~~197.6126 0.00 0.00 9491.~~38887431~~51195511%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 6354,~~026~~264.8604 Deposits Payments of Interest and Principal 4,~~904~~462,~~834~~804.7996 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 091,415.0080 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4,~~904~~554,~~834~~220.7976 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 41,~~480~~212.2620 Payment of Interest and Principal 4,~~872~~567,~~117~~272.3560 Total Withdrawals (Pool Distribution Amount) 4,~~913~~608,~~597~~484.6180 Ending Balance ~~54,264~~0.0400

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 21,~~533~~995.1487 Servicing Fee Support 2,~~568~~002.9913 Non-Supported Prepayment/Curtailment Interest Shortfall (356.8526)

SERVICING FEES Gross Servicing Fee 4241,~~355~~552.0424 Master Servicing Fee 1,~~694~~662.2009 Supported Prepayment/Curtailment Interest Shortfall 2,~~568~~002.9913 Net Servicing Fee 41,~~480~~212.2620

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT 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 26 0 0 0 26 ~~159~~801,~~167~~412.3209 0.00 0.00 0.00 ~~159~~801,~~167~~412.3209 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 26 0 0 0 26 ~~159~~801,~~167~~412.3209 0.00 0.00 0.00 ~~159~~801,~~167~~412.3209 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.~~176523~~540054% 0.000000% 0.000000% 0.000000% 0.~~176523~~540054% 0.~~079005~~404701% 0.000000% 0.000000% 0.000000% 0.~~079005~~404701% 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.~~176523~~540054% 0.000000% 0.000000% 0.000000% 0.~~176523~~540054% 0.~~079005~~404701% 0.000000% 0.000000% 0.000000% 0.~~079005~~404701%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 12 0 0 0 12 68411,~~776~~981.7010 0.00 0.00 0.00 68411,~~776~~981.7010 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 12 0 0 0 12 68411,~~776~~981.7010 0.00 0.00 0.00 68411,~~776~~981.7010 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~266667~~540541% 0.000000% 0.000000% 0.000000% 0.~~266667~~540541% 0.~~109887~~669391% 0.000000% 0.000000% 0.000000% 0.~~109887~~669391% 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.~~266667~~540541% 0.000000% 0.000000% 0.000000% 0.~~266667~~540541% 0.~~109887~~669391% 0.000000% 0.000000% 0.000000% 0.~~109887~~669391% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 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 14 0 0 0 14 90389,~~390~~430.6299 0.00 0.00 0.00 90389,~~390~~430.6299 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 14 0 0 0 14 90389,~~390~~430.6299 0.00 0.00 0.00 90389,~~390~~430.6299 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~154321~~633914% 0.000000% 0.000000% 0.000000% 0.~~154321~~633914% 0.~~110928~~492563% 0.000000% 0.000000% 0.000000% 0.~~110928~~492563% 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.~~154321~~633914% 0.000000% 0.000000% 0.000000% 0.~~154321~~633914% 0.~~110928~~492563% 0.000000% 0.000000% 0.000000% 0.~~110928~~492563%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 54185,~~565~~209.4999

SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 217,021,307.16 99.87639741% ~~199~~195,~~187~~622,~~660~~060.1211 99.~~86686095~~86477958% 94.~~439348~~345356% 100.000000% Class I-A-1 210,833,307.16 97.02858880% ~~192~~189,~~999~~434,~~660~~060.1211 96.~~76437893~~70581450% 3.~~110765~~167531% 0.000000% Class I-A-2 158,236,307.16 72.82267582% ~~147~~143,~~216~~725,~~949~~547.7266 73.~~81026836~~37168481% 23.~~015396~~397406% 0.000000% Class I-A-3 157,702,307.16 72.57692117% ~~146~~143,~~682~~191,~~949~~547.7266 73.~~54253640~~09907858% 0.~~268447~~273345% 0.000000% Class I-AR 157,702,207.16 72.57687515% ~~146~~143,~~682~~191,~~949~~547.7266 73.~~54253640~~09907858% 0.000000% 0.000000% Class II-A-1 150,937,207.16 69.46352265% ~~139~~136,~~917~~426,~~949~~547.7266 7069.~~15076346~~64555584% 3.~~400829~~462888% 0.000000% Class II-A-2 150,597,207.16 69.30704965% ~~139~~136,~~577~~086,~~949~~547.7266 69.~~98029742~~47198633% 0.~~170921~~174040% 0.000000% Class II-A-3 92,886,207.16 42.74759866% 8885,~~050~~624,~~759~~282.4879 4443.~~14607285~~71107288% 25.~~903199~~830770% 0.000000% Class II-A-4 92,695,207.16 42.65969765% 8785,~~859~~433,~~759~~282.4879 4443.~~05031104~~61356766% 0.~~096017~~097770% 0.000000% Class III-A-1 13,303,207.16 6.12233159% 13,~~248~~234,~~581~~851.9322 6.~~64245109~~75637246% 3736.~~507735~~957142% 0.000000% Class III-A-2 10,865,207.16 5.00032814% 10,~~810~~796,~~581~~851.9322 5.~~42010927~~51177698% 1.~~225605~~247971% 0.000000% Class B-1 5,867,207.16 2.70017503% 5,~~837~~830,~~709~~294.5699 2.~~92685666~~97635718% 2.~~499909~~542295% 0.000000% Class B-2 3,912,207.16 1.80045527% 3,~~892~~887,~~538~~594.4042 1.~~95160479~~98461135% 0.~~977856~~994435% 0.000000% Class B-3 2,499,207.16 1.15017189% 2,~~486~~483,~~642~~483.3198 1.~~24672965~~26781499% 0.~~706757~~718740% 0.000000% Class B-4 1,521,207.16 0.70008191% 1,~~513~~511,~~559~~636.2484 0.~~75885429~~77168843% 0.~~489178~~497472% 0.000000% Class B-5 869,207.16 0.40002192% ~~864~~863,~~837~~738.1975 0.~~43360405~~44093739% 0.~~326119~~331648% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~434762~~442133% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~283046~~282549% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity(Stepdown Calculation) ~~331~~330 Beginning Scheduled Collateral Loan Count 1,~~156~~133 Number Of Loans Paid In Full 2322 Ending Scheduled Collateral Loan Count 1,~~133~~111 Beginning Scheduled Collateral Balance ~~203~~199,~~304~~453,~~902~~210.0422 Ending Scheduled Collateral Balance ~~199~~195,~~453~~886,~~210~~939.2226 Ending Actual Collateral Balance at 3130-~~May~~Jun-2005 ~~201~~198,~~464~~025,~~369~~592.5179 Monthly P&I Constant 1,~~328~~303,~~299~~392.3276 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 4,~~807~~502,~~366~~644.2717 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~199~~195,~~453~~886,~~210~~939.2226 Scheduled Principal ~~258~~253,~~373~~766.1400 Unscheduled Principal 3,~~593~~312,~~318~~504.6896 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% ~~171~~169,~~959~~160,~~588~~683.5214 Greater Than 80%, less than or equal to 85% 3,~~498~~494,~~303~~758.1951 Greater than 85%, less than or equal to 95% 23,~~981~~248,~~896~~333.0063 Greater than 95% 0.00

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 6.~~238777~~240726 6.~~236371~~236895 6.~~349078~~346148 Weighted Average Net Rate 5.~~978777~~980726 5.~~976371~~976895 6.~~089078~~086148 Weighted Average Maturity ~~338~~337 ~~331~~330 ~~327~~326 Beginning Loan Count ~~111~~110 ~~383~~375 ~~662~~648 Loans Paid In Full 10 85 1417 Ending Loan Count 110 ~~375~~370 ~~648~~631 Beginning Scheduled Balance 5655,~~109~~643,~~334~~211.2765 6462,~~197~~415,~~188~~183.0283 8281,~~998~~394,~~379~~814.7574 Ending Scheduled Balance 55,~~643~~565,~~211~~167.6555 6261,~~415~~345,~~183~~442.8311 8178,~~394~~976,~~814~~329.7460 Record Date 0506/3130/2005 0506/3130/2005 0506/3130/2005 Principal And Interest Constant ~~359~~357,~~886~~488.5938 ~~418~~406,~~284~~712.9814 ~~550~~539,~~127~~192.7524 Scheduled Principal 6768,~~743~~113.6661 8280,~~502~~563.6046 ~~108~~105,~~126~~088.8893 Unscheduled Principal ~~398~~9,~~378~~930.9649 1989,~~699,501~~178.5926 12,~~495~~313,~~438~~396.1321 Scheduled Interest ~~291~~289,~~708~~374.8277 ~~333~~324,~~636~~389.2868 ~~439~~430,~~129~~451.6955 Servicing Fees 11,~~689~~592.3419 13,~~374~~002.6285 1716,~~291~~957.0820 Master Servicing Fees ~~467~~463.5769 ~~534~~520.9811 ~~691~~678.6429 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest ~~279~~277,~~551~~318.9089 ~~319~~310,~~726~~866.6871 ~~421~~412,~~146~~816.9607 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 6.~~283046~~282549 Weighted Average Net Rate 6.~~023046~~022549 Weighted Average Maturity ~~331~~330 Beginning Loan Count 1,~~156~~133 Loans Paid In Full 2322 Ending Loan Count 1,~~133~~111 Beginning Scheduled Balance ~~203~~199,~~304~~453,~~902~~210.0422 Ending scheduled Balance ~~199~~195,~~453~~886,~~210~~939.2226 Record Date 0506/3130/2005 Principal And Interest Constant 1,~~328~~303,~~299~~392.3276 Scheduled Principal ~~258~~253,~~373~~766.1400 Unscheduled Principal 3,~~593~~312,~~318~~504.6896 Scheduled Interest 1,~~064~~044,~~474~~216.7900 Servicing Fees 4241,~~355~~552.0424 Master Servicing Fees 1,~~694~~662.2009 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~020~~001,~~425~~001.5467 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00

Filing Compare · Wells Fargo Mortgage Asset-Backed Pass -Through Certificates, Series 2005-1