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Previous: WELLS FARGO ASSET SECURITIES CORP, 8-K, 2001-01-17 |
Next: OUTSOURCE INTERNATIONAL INC, S-1/A, 2001-01-17 |
<TABLE>
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WFMBS MORTGAGE LOAN POOL
20-YEAR THROUGH 30-YEAR FIXED RATE
NON-RELOCATION MORTGAGES
WFMBS SERIES 2001-04
POOL PROFILE (1/17/2001)
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<CAPTION>
------------------------------- --------------------------------
BID TOLERANCE
------------------------------- --------------------------------
<S> <C> <C> <C>
AGGREGATE PRINCIPAL BALANCE $680,000,000 (+/- 5.00%)
MORTGAGE LOAN CUTOFF DATE 1-Feb-01
INTEREST RATE RANGE 6.000% - 10.500%
GROSS WAC 8.34% (+/- 5 Bps%)
WEIGHTED AVERAGE SERVICE FEE 25 bps
MASTER SERVICING FEE 1.7 bps
WAM (in months) 357 (+/- 2 month)
WALTV 75% (maximum 82%)
CALIFORNIA % 34% (maximum 35%)
SINGLE LARGEST ZIP CODE CONCENTRATION 2% (maximum 5%)
AVERAGE LOAN BALANCE $380,000 (maximum $395,000)
LARGEST INDIVIDUAL LOAN BALANCE $1,100,000 (maximum $2,000,000)
CASH-OUT REFINANCE % 13% (maximum 18%)
PRIMARY RESIDENCE % 95% (minimum 85%)
SINGLE-FAMILY DETACHED % 90% (minimum 80%)
FULL DOCUMENTATION % 89% (minimum 80%)
PREPAYMENT PENALTY % 0% (maximum 3%)
UNINSURED > 80% LTV % 1% (maximum 3%)
TEMPORARY BUYDOWNS 1% (maximum 3%)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE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>
<PAGE>
<TABLE>
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WFMBS MORTGAGE LOAN POOL
20-YEAR THROUGH 30-YEAR FIXED RATE
NON-RELOCATION MORTGAGES
WFMBS SERIES 2001-04
PRICING INFORMATION
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<CAPTION>
<S> <C> <C>
RATING AGENCIES TBD by Wells Fargo
PASS THRU RATE 7.00%
ASSUMED SIZE OF PRINCIPAL ONLY CLASS 0.05%
PRICING DATE TBD
FINAL STRUCTURE DUE DATE 07-Feb-01 9:00 AM
SETTLEMENT DATE 27-Feb-01
ASSUMED SUB LEVELS AAA TBD
AA TBD
A TBD
BBB TBD
BB TBD
B TBD
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 2001-04. 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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</TABLE>
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