<TABLE>
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WFALT MORTGAGE LOAN POOL
10-YEAR THROUGH 30-YEAR FIXED RATE
NON-RELOCATION/RELO MORTGAGES
WFALT SERIES 2000-01
POOL PROFILE (9/25/2000)
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PROPOSED BID
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TOTAL POOL 10-YEAR TO 15-YEAR 20-YEAR TO 30-YEAR TOTAL POOL TOLERANCE
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<S> <C> <C> <C> <C> <C>
AGGREGATE PRINCIPAL BALANCE $152,000,000 $12,000,000 $140,000,000 (+/- 5.00%)
MORTGAGE LOAN CUTOFF DATE 1-Oct-00 1-Oct-00 1-Oct-00
INTEREST RATE RANGE 6.500% - 10.500% 6.875%-10.250% 6.500%-10.500%
GROSS WAC 8.91% 8.36% 8.96% (+/- 10 Bps%)
WEIGHTED AVERAGE SERVICE FEE 25 bps 25 bps 25 bps
MASTER SERVICING FEE 1.7 bps 1.7 bps 1.7 bps
WAM (in months) 338 170 352 (+/- 3 month)
WALTV 79% 73% 79% (maximum 80%)
CALIFORNIA % 19% 14% 19% (maximum 30%)
SINGLE LARGEST ZIP CODE CONCENTRATION 1% 1% 1% (maximum 3%)
AVERAGE LOAN BALANCE $137,500 $141,000 $137,000 (maximum $150,000)
LARGEST INDIVIDUAL LOAN BALANCE $999,998 $630,000 $999,998 (maximum $1,200,000)
CASH-OUT REFINANCE % 20% 29% 19% (maximum 28%)
PRIMARY RESIDENCE % 58% 51% 58% (minimum 56%)
SINGLE-FAMILY DETACHED % 61% 69% 60% (minimum 55%)
FULL DOCUMENTATION % 72% 72% 72% (minimum 60%)
PREPAYMENT PENALTY % 0% 0% 0% (maximum 3%)
UNINSURED > 80% LTV % 2% 3% 2% (maximum 5%)
TEMPORARY BUYDOWNS 0% 0% 0% (maximum 5%)
NO RATIO % 14% 19% 14% (maximum 20%)
WTD. AVERAGE FICO RAW SCORE 708 717 708 (minimum average 700)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE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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WFALT MORTGAGE LOAN POOL
10-YEAR THROUGH 30-YEAR FIXED RATE
NON-RELOCATION/RELO MORTGAGES
WFALT SERIES 2000-01
PRICING INFORMATION
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RATING AGENCIES TBD by Wells Fargo
PASS THRU RATE 7.50%
ASSUMED SIZE OF PRINCIPAL ONLY CLASS 0.23%
PRICING DATE TBD
FINAL STRUCTURE DUE DATE 10-Oct-00 9:00 AM
SETTLEMENT DATE 27-Oct-00
ASSUMED SUB LEVELS AAA 7.000%
AA 5.500%
A 2.550%
BBB 1.350%
BB 0.750%
B 0.500%
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.
* THIS SECURITY MAY CONTAIN PLEDGED ASSET LOANS.
WFALT 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 2000-01. THE PRINCIPAL ONLY CERTFICATE CREATED BY THE DISCOUNT MORTGAGE
LOANS WILL BE INCLUDED IN THE BID ON THE PRICING DATE.
WFALT CONTACTS Brad Davis (301) 846-8009
Lori Maller (301) 846-8185
