WELLS FARGO ASSET SECURITIES CORP MORT BK SEC 2000-3 TRUST
8-K, EX-99.1, 2000-11-08
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Wells Fargo Asset Securities Corporation
Mortgage Pass-Through Certificates



Record Date:            09/30/2000
Distribution Date:      10/25/2000


WFMBS  Series: 2000-3

Contact: Customer Service - SecuritiesLink
         Wells Fargo Bank Minnesota, N.A.
         Securities Administration Services
         7485 New Horizon Way
         Frederick, MD 21703
         Telephone: (301) 846-8130
         Fax:       (301) 846-8152









                                             Certificateholder Distribution Summary

                         Certificate      Certificate         Beginning
                            Class         Pass-Through      Certificate        Interest       Principal
Class           CUSIP    Description             Rate           Balance    Distribution    Distribution
<S>          <C>        <C>            <C>            <C>               <C>             <C>
    APO        949754AB1         PO           0.00000%      1,382,404.83            0.00       11,642.84
    A-1        949754AA3         SEQ          7.25000%    171,538,815.83    1,036,380.35    2,433,919.08
    A-R        949754AC9          R           7.25000%              0.00            0.00            0.00
    B-1        949754AD7         SUB          7.25000%      1,521,526.51        9,192.56        4,786.68
    B-2        949754AE5         SUB          7.25000%        895,424.81        5,409.86        2,816.98
    B-3        949754AF2         SUB          7.25000%        626,101.70        3,782.70        1,969.70
    B-4        949754AG0         SUB          7.25000%        537,652.41        3,248.32        1,691.44
    B-5        949754AH8         SUB          7.25000%        179,374.40        1,083.72          564.31
    B-6        949754AJ4         SUB          7.25000%        268,231.08          584.28            0.00
Totals                                                    176,949,531.57    1,059,681.79    2,457,391.03
</TABLE>
<TABLE>
<CAPTION>

                                       Certificateholder Distribution Summary (continued)

                           Current                 Ending                                         Cumulative
                          Realized            Certificate                    Total                  Realized
Class                         Loss                Balance             Distribution                    Losses
<S>           <C>                  <C>                     <C>                      <C>
APO                            0.00           1,370,761.99                11,642.84                      0.00
A-1                            0.00         169,104,896.75             3,470,299.43                      0.00
A-R                            0.00                   0.00                     0.00                      0.00
B-1                            0.00           1,516,739.83                13,979.24                      0.00
B-2                            0.00             892,607.83                 8,226.84                      0.00
B-3                            0.00             624,132.00                 5,752.40                      0.00
B-4                            0.00             535,960.97                 4,939.76                      0.00
B-5                            0.00             178,810.09                 1,648.03                      0.00
B-6                          843.85             267,387.23                   584.28                  3,005.18
Totals                       843.85         174,491,296.69             3,517,072.82                  3,005.18
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.




</FN>
</TABLE>
<TABLE>
<CAPTION>

                                                Principal Distribution Statement

                         Original          Beginning          Scheduled     Unscheduled
                             Face        Certificate          Principal       Principal                       Realized
Class                      Amount            Balance       Distribution    Distribution      Accretion        Loss (1)
<S>             <C>               <C>                 <C>               <C>             <C>             <C>
APO                   1,450,051.27       1,382,404.83           5,237.68        6,405.17           0.00            0.00
A-1                 174,634,000.00     171,538,815.83         539,656.34    1,894,262.74           0.00            0.00
A-R                         100.00               0.00               0.00            0.00           0.00            0.00
B-1                   1,531,000.00       1,521,526.51           4,786.68            0.00           0.00            0.00
B-2                     901,000.00         895,424.81           2,816.98            0.00           0.00            0.00
B-3                     630,000.00         626,101.70           1,969.70            0.00           0.00            0.00
B-4                     541,000.00         537,652.41           1,691.44            0.00           0.00            0.00
B-5                     180,000.00         179,374.40             564.31            0.00           0.00            0.00
B-6                     270,392.41         268,231.08               0.00            0.00           0.00          843.85
Totals              180,137,543.68     176,949,531.57         556,723.13    1,900,667.91           0.00          843.85
<FN>
(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.

</FN>
</TABLE>
<TABLE>
<CAPTION>

                                          Principal Distribution Statement (continued)

                                    Total                Ending               Ending             Total
                                Principal           Certificate          Certificate         Principal
Class                           Reduction               Balance           Percentage      Distribution
<S>               <C>                     <C>                    <C>                 <C>
APO                              11,642.84          1,370,761.99           0.94531967         11,642.84
A-1                           2,433,919.08        169,104,896.75           0.96833891      2,433,919.08
A-R                                   0.00                  0.00           0.00000000              0.00
B-1                               4,786.68          1,516,739.83           0.99068572          4,786.68
B-2                               2,816.98            892,607.83           0.99068572          2,816.98
B-3                               1,969.70            624,132.00           0.99068571          1,969.70
B-4                               1,691.44            535,960.97           0.99068571          1,691.44
B-5                                 564.31            178,810.09           0.99338939            564.31
B-6                                 843.85            267,387.23           0.98888586              0.00
Totals                        2,458,234.88        174,491,296.69           0.96865591      2,457,391.03

</TABLE>
<TABLE>
<CAPTION>

                                              Principal Distribution Factors Statement

                           Original           Beginning          Scheduled         Unscheduled
                               Face         Certificate          Principal           Principal
Class (2)                    Amount             Balance       Distribution        Distribution         Accretion
<S>          <C>                    <C>                 <C>                 <C>                <C>
APO                     1,450,051.27        953.34893228         3.61206539          4.41720243        0.00000000
A-1                   174,634,000.00        982.27616518         3.09021348         10.84704433        0.00000000
A-R                           100.00          0.00000000         0.00000000          0.00000000        0.00000000
B-1                     1,531,000.00        993.81222077         3.12650555          0.00000000        0.00000000
B-2                       901,000.00        993.81221976         3.12650388          0.00000000        0.00000000
B-3                       630,000.00        993.81222222         3.12650794          0.00000000        0.00000000
B-4                       541,000.00        993.81221811         3.12650647          0.00000000        0.00000000
B-5                       180,000.00        996.52444444         3.13505556          0.00000000        0.00000000
B-6                       270,392.41        992.00669131         0.00000000          0.00000000        0.00000000
<FN>
Per $ 1,000 Denomination.
</FN>
</TABLE>



<TABLE>
<CAPTION>

                                      Principal Distribution Factors Statement (continued)

                                                Total                 Ending               Ending              Total
                         Realized           Principal            Certificate          Certificate          Principal
Class                    Loss (3)           Reduction                Balance           Percentage       Distribution
<S>            <C>                 <C>                 <C>                    <C>                 <C>
APO                     0.00000000          8.02926092            945.31967135          0.94531967         8.02926092
A-1                     0.00000000         13.93725781            968.33890737          0.96833891        13.93725781
A-R                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
B-1                     0.00000000          3.12650555            990.68571522          0.99068572         3.12650555
B-2                     0.00000000          3.12650388            990.68571587          0.99068572         3.12650388
B-3                     0.00000000          3.12650794            990.68571429          0.99068571         3.12650794
B-4                     0.00000000          3.12650647            990.68571165          0.99068571         3.12650647
B-5                     0.00000000          3.13505556            993.38938889          0.99338939         3.13505556
B-6                     3.12083464          3.12083464            988.88585667          0.98888586         0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>





<TABLE>
<CAPTION>

                                                 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
<S>           <C>               <C>             <C>                 <C>                <C>             <C>
APO                 1,450,051.27        0.00000%       1,382,404.83                0.00           0.00             0.00
A-1               174,634,000.00        7.25000%     171,538,815.83        1,036,380.35           0.00             0.00
A-R                       100.00        7.25000%               0.00                0.00           0.00             0.00
B-1                 1,531,000.00        7.25000%       1,521,526.51            9,192.56           0.00             0.00
B-2                   901,000.00        7.25000%         895,424.81            5,409.86           0.00             0.00
B-3                   630,000.00        7.25000%         626,101.70            3,782.70           0.00             0.00
B-4                   541,000.00        7.25000%         537,652.41            3,248.32           0.00             0.00
B-5                   180,000.00        7.25000%         179,374.40            1,083.72           0.00             0.00
B-6                   270,392.41        7.25000%         268,231.08            1,620.56           0.00         1,036.28
Totals            180,137,543.68                                           1,060,718.07           0.00         1,036.28

</TABLE>
 <TABLE>
 <CAPTION>

                                            Interest Distribution Statement (continued)

                                                                                     Payment of               Ending
                      Non-Supported                                    Total             Unpaid         Certificate/
                           Interest             Realized            Interest           Interest             Notional
Class                     Shortfall           Losses (4)        Distribution          Shortfall              Balance
<S>            <C>                  <C>                 <C>                 <C>                 <C>
 APO                            0.00                0.00                 0.00                0.00       1,370,761.99
 A-1                            0.00                0.00         1,036,380.35                0.00     169,104,896.75
 A-R                            0.00                0.00                 0.00                0.00               0.00
 B-1                            0.00                0.00             9,192.56                0.00       1,516,739.83
 B-2                            0.00                0.00             5,409.86                0.00         892,607.83
 B-3                            0.00                0.00             3,782.70                0.00         624,132.00
 B-4                            0.00                0.00             3,248.32                0.00         535,960.97
 B-5                            0.00                0.00             1,083.72                0.00         178,810.09
 B-6                            0.00                0.00               584.28            2,350.36         267,387.23
 Totals                         0.00                0.00         1,059,681.79            2,350.36
 <FN>
 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
     Please Refer to the Prospectus Supplement for a Full Description.

 </FN>
 </TABLE>
<TABLE>
<CAPTION>

                                            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
<S>           <C>                 <C>             <C>                  <C>                <C>              <C>
APO                   1,450,051.27        0.00000%         953.34893228        0.00000000        0.00000000        0.00000000
A-1                 174,634,000.00        7.25000%         982.27616518        5.93458519        0.00000000        0.00000000
A-R                         100.00        7.25000%           0.00000000        0.00000000        0.00000000        0.00000000
B-1                   1,531,000.00        7.25000%         993.81222077        6.00428478        0.00000000        0.00000000
B-2                     901,000.00        7.25000%         993.81221976        6.00428413        0.00000000        0.00000000
B-3                     630,000.00        7.25000%         993.81222222        6.00428571        0.00000000        0.00000000
B-4                     541,000.00        7.25000%         993.81221811        6.00428835        0.00000000        0.00000000
B-5                     180,000.00        7.25000%         996.52444444        6.02066667        0.00000000        0.00000000
B-6                     270,392.41        7.25000%         992.00669131        5.99336350        0.00000000        3.83250403
<FN>
Per $1,000 Denomination.

</FN>

</TABLE>
<TABLE>
<CAPTION>
                                       Interest Distribution Factors Statement (continued)

                                                                                Remaining               Ending
                   Non-Supported                                 Total             Unpaid         Certificate/
                        Interest          Realized            Interest           Interest             Notional
Class                  Shortfall        Losses (6)        Distribution          Shortfall              Balance
<S>           <C>               <C>               <C>                 <C>                 <C>
APO                   0.00000000        0.00000000         0.00000000          0.00000000          945.31967135
A-1                   0.00000000        0.00000000         5.93458519          0.00000000          968.33890737
A-R                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
B-1                   0.00000000        0.00000000         6.00428478          0.00000000          990.68571522
B-2                   0.00000000        0.00000000         6.00428413          0.00000000          990.68571587
B-3                   0.00000000        0.00000000         6.00428571          0.00000000          990.68571429
B-4                   0.00000000        0.00000000         6.00428835          0.00000000          990.68571165
B-5                   0.00000000        0.00000000         6.02066667          0.00000000          993.38938889
B-6                   0.00000000        0.00000000         2.16085947          8.69240375          988.88585667
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>







<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           3,591,102.75
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                                    0.00
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   3,591,102.75

Withdrawals
    Reimbursement for Servicer Advances                                                             18,688.19
    Payment of Service Fee                                                                          36,154.46
    Payment of Interest and Principal                                                            3,517,072.81
Total Withdrawals (Pool Distribution Amount)                                                     3,571,915.46

Ending Balance                                                                                      19,187.29

</TABLE>
<TABLE>
<CAPTION>

                                            PREPAYMENT/CURTAILMENT INTEREST SHORTFALL


<S>                                                                                   <C>

Total Prepayment/Curtailment Interest Shortfall                                                      3,154.51
Servicing Fee Support                                                                                3,154.51

Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>


                                                         SERVICING FEES

<S>                                                                                   <C>
Gross Servicing Fee                                                                                 36,806.15
Master Servicing Fee                                                                                 2,502.82
Supported Prepayment/Curtailment Interest Shortfall                                                  3,154.51
Net Servicing Fee                                                                                   36,154.46


</TABLE>

<TABLE>
<CAPTION>                            LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
                                                     DELINQUENCY STATUS

         DELINQUENT             BANKRUPTCY             FORECLOSURE            REO                    Total
<S>        <C>                   <C>                    <C>                    <C>                     <C>
          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


          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   0.000000%             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%

</TABLE>




<TABLE>
<CAPTION>

                                                       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                         843.85
Cumulative Realized Losses - Includes Interest Shortfall                                         3,005.18
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                               807,159.49
</TABLE>

<TABLE>

<CAPTION>
                                 SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE

                                                                                           Current           Next
                      Original $     Original %           Current $      Current %          Class%     Prepayment%
<S>      <C>   <C>               <C>              <C>               <C>             <C>            <C>
Class    A          4,053,392.41      2.25016525%       4,015,637.95    2.30133997%      97.680438%    100.000000%
Class    B-1        2,522,392.41      1.40025913%       2,498,898.12    1.43210473%       0.876118%      0.000000%
Class    B-2        1,621,392.41      0.90008578%       1,606,290.29    0.92055611%       0.515599%      0.000000%
Class    B-3          991,392.41      0.55035302%         982,158.29    0.56286950%       0.360519%      0.000000%
Class    B-4          450,392.41      0.25002695%         446,197.32    0.25571322%       0.309588%      0.000000%
Class    B-5          270,392.41      0.15010331%         267,387.23    0.15323815%       0.103286%      0.000000%
Class    B-6                0.00      0.00000000%               0.00    0.00000000%       0.154451%      0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>



<TABLE>
<CAPTION>

                                                       CREDIT ENHANCEMENT

                                    Original $        Original %         Current $        Current %
<S>                         <C>               <C>               <C>               <C>
                 Bankruptcy         100,000.00       0.05551314%        100,000.00       0.05730945%
                      Fraud       3,602,750.87       2.00000000%      3,602,750.87       2.06471666%
             Special Hazard       2,379,054.00       1.32068749%      2,379,054.00       1.36342273%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>



 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                            Fixed 15 Year

 Weighted Average Gross Coupon                                         7.924029%
 Weighted Average Pass-Through Rate                                    7.250000%
 Weighted Average Maturity(Stepdown Calculation )                            172
 Beginning Scheduled Collateral Loan Count                                   478

 Number Of Loans Paid In Full                                                  4
 Ending Scheduled Collateral Loan Count                                      474
 Beginning Scheduled Collateral Balance                           176,949,531.57
 Ending Scheduled Collateral Balance                              174,491,296.69
 Ending Actual Collateral Balance at 30-Sep-2000                  175,286,973.36
 Ending Scheduled Balance For Norwest                              69,500,096.05
 Ending Scheduled Balance For Other Services                      104,991,200.64
 Monthly P &I Constant                                              1,662,537.47
 Class A Optimal Amount                                             3,470,299.43
 Class AP Deferred Amount                                                   0.00
 Ending Scheduled Balance for Premium Loans                       144,338,763.77
 Ending scheduled Balance For discounted Loans                     30,152,532.92
 Unpaid Principal Balance Of Outstanding Mortgage Loans Wit
     Less Than Or Equal To 80%                                    167,563,641.34
     Greater Than 80%, less than or equal to 85%                      629,491.55
     Greater than 85%, less than or equal to 95%                    5,842,893.89
     Greater than 95%                                                 712,313.83

 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
</TABLE>













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