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WFMBS MORTGAGE LOAN POOL
20-YEAR THROUGH 30-YEAR FIXED RATE
NON-RELOCATION MORTGAGES
WFMBS SERIES 2001-03
POOL PROFILE (12/06/2000)
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BID TOLERANCE
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AGGREGATE PRINCIPAL BALANCE $450,000,000 (+/- 5.00%)
MORTGAGE LOAN CUTOFF DATE 1-Jan-01
INTEREST RATE RANGE 5.125% - 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 $370,000 (maximum $390,000)
LARGEST INDIVIDUAL LOAN BALANCE $1,100,000 (maximum $2,000,000)
CASH-OUT REFINANCE % 13% (maximum 15%)
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THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE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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WFMBS MORTGAGE LOAN POOL
20-YEAR THROUGH 30-YEAR FIXED RATE
NON-RELOCATION MORTGAGES
WFMBS SERIES 2001-03
PRICING INFORMATION
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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 11-Jan-01 9:00 AM
SETTLEMENT DATE 30-Jan-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.
* THIS SECURITY MAY CONTAIN PLEDGED ASSET LOANS.
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 2001-03. 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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