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Previous: WELLS FARGO ASSET SECURITIES CORP, 8-K, 2000-10-12 |
Next: PROFESSIONALS GROUP INC, SC 13D/A, 2000-10-12 |
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WFMBS MORTGAGE LOAN POOL
20-YEAR THROUGH 30-YEAR FIXED RATE
RELOCATION MORTGAGES
WFMBS SERIES 2000-12
POOL PROFILE (REVISED 10/11/2000)
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BID TOLERANCE
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<S> <C> <C>
AGGREGATE PRINCIPAL BALANCE $275,000,000 (+/- 5.00%)
MORTGAGE LOAN CUTOFF DATE 1-Nov-00
INTEREST RATE RANGE 6.125% - 8.875%
GROSS WAC 7.80% (+/- 10 Bps%)
WEIGHTED AVERAGE SERVICE FEE 25 bps
MASTER SERVICING FEE 1.7 bps
WAM (in months) 358 (+/- 1 month)
WALTV 77% (maximum 81%)
CALIFORNIA % 20% (maximum 24%)
SINGLE LARGEST ZIP CODE CONCENTRATION 2% (maximum 6%)
AVERAGE LOAN BALANCE $369,086 (maximum $375,000)
LARGEST INDIVIDUAL LOAN BALANCE $1,000,000 (maximum $1,500,000)
CASH-OUT REFINANCE % 0% (maximum 4%)
PRIMARY RESIDENCE % 100% (minimum 96%)
SINGLE-FAMILY DETACHED % 97% (minimum 93%)
FULL DOCUMENTATION % 45% (minimum 40%)
PREPAYMENT PENALTY % 0% (maximum 4%)
UNINSURED > 80% LTV % 13% (maximum 17%)
TEMPORARY BUYDOWNS 0% (maximum 4%)
WTD. AVERAGE FICO RAW SCORE 726 (minimum 722)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT. SUCH INFORMATION
SUPERSEDES THE INFORMATION IN ALL PRIOR COLLATERAL TERM SHEETS.
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(1) All dollar amounts are approximate and all percentages are expressed as approximate percentages of
the Aggregate Principal Balance.
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<TABLE>
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WFMBS MORTGAGE LOAN POOL
20-YEAR THROUGH 30-YEAR FIXED RATE
RELOCATION MORTGAGES
WFMBS SERIES 2000-12
PRICING INFORMATION
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<S> <C> <C>
RATING AGENCIES TBD by Wells Fargo
PASS THRU RATE 7.00%
ASSUMED SIZE OF PRINCIPAL ONLY CLASS 0.08%
PRICING DATE 12-Oct-00
FINAL STRUCTURE DUE DATE 09-Nov-00 9:00 AM
SETTLEMENT DATE 29-Nov-00
ASSUMED SUB LEVELS AAA 3.000%
AA 1.250%
A 0.800%
BBB 0.550%
BB 0.300%
B 0.150%
Note: AAA Class will be rated by two rating agencies.
AA through B Classes will be rated by one rating agency.
* SHOULD MOODY'S PROVIDE A RATING ON THE TRANSACTION, PLEASE NOTE, THE RESIDUAL CLASS WILL NOT BE RATED.
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* THIS SECURITY MAY CONTAIN PLEDGED ASSET LOANS.
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WFMBS may structure the excess interest as an interest only certificate, or
as fixed retained yield or servicing fee which will be excluded from the
trust for Series 2000-12. THE PRINCIPAL ONLY CERTFICATE CREATED BY THE
DISCOUNT MORTGAGE LOANS WILL BE INCLUDED IN THE BID ON THE PRICING DATE.
WFMBS CONTACTS Brad Davis (301) 846-8009
Lori Maller (301) 846-8185
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