Wells Fargo Bank Minnesota, N.A. SMT Series 2004-10 Certificateholder Distribution Statement (December 2004)

Contract Categories: Business Finance › Trust Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2004-10 trust. It summarizes the principal and interest payments made to certificateholders as of December 31, 2004, with distributions occurring on January 20, 2005. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

Read More Arrow
EX-10.1 2 f05544kexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2004-10 RECORD DATE: DECEMBER 31, 2004 DISTRIBUTION DATE: JANUARY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A-1A 81744FET0 SEN 2.72000% 108,062,851.25 244,942.46 A-1B 81744FEU7 SEN 2.78000% 12,009,712.33 27,822.50 A-2 81744FEV5 SEN 2.73000% 199,858,313.83 454,677.66 A-3A 81744FEW3 SEN 2.57000% 176,398,588.03 377,786.98 A-3B 81744FEX1 SEN 2.63000% 19,599,843.11 42,956.32 A-4 81744FEY9 SEN 2.58000% 124,262,025.35 267,163.32 X-A 81744FEZ6 IO 0.58050% 0.00 309,714.28 X-B 81744FFA0 IO 0.21744% 0.00 3,636.78 B-1 81744FFC6 SUB 2.91000% 14,042,000.00 34,051.85 B-2 81744FFD4 SUB 3.26000% 6,849,000.00 18,606.45 B-3 81744FFE2 SUB 3.23349% 3,767,000.00 10,150.47 B-4 81744FFF9 SUB 3.23349% 3,081,000.00 8,301.99 B-5 81744FFG7 SUB 3.23349% 1,711,000.00 4,610.42 B-6 81744FFH5 SUB 3.23349% 3,097,055.38 8,345.25 A-R 81744FFB8 RES 3.17062% 0.00 0.00 -------------- ------------ Totals 672,738,389.28 1,812,766.76 ============== ============
Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------- ------------- -------------- ------------- ------------- A-1A 1,448,472.81 0.00 106,614,378.44 1,693,415.27 0.00 A-1B 160,978.00 0.00 11,848,734.33 188,800.50 0.00 A-2 2,678,897.80 0.00 197,179,416.03 3,133,575.46 0.00 A-3A 5,318,703.73 0.00 171,079,884.29 5,696,490.71 0.00 A-3B 590,967.08 0.00 19,008,876.03 633,923.40 0.00 A-4 3,746,701.75 0.00 120,515,323.60 4,013,865.10 0.00 X-A 0.00 0.00 0.00 309,714.28 0.00 X-B 0.00 0.00 0.00 3,636.78 0.00 B-1 0.00 0.00 14,042,000.00 34,051.85 0.00 B-2 0.00 0.00 6,849,000.00 18,606.45 0.00 B-3 0.00 0.00 3,767,000.00 10,150.47 0.00 B-4 0.00 0.00 3,081,000.00 8,301.99 0.00 B-5 0.00 0.00 1,711,000.00 4,610.42 0.00 B-6 0.00 0.00 3,097,055.38 8,345.25 0.00 A-R 0.00 0.00 0.00 0.00 0.00 ------------- ---- -------------- ------------- ---- Totals 13,944,721.17 0.00 658,668.10 15,757,487.93 0.00 ============= ==== ============== ============= ====
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------- --------- A-1A 110,000,000.00 108,062,851.25 0.00 1,448,472.81 0.00 A-1B 12,225,000.00 12,009,712.33 0.00 160,978.00 0.00 A-2 203,441,000.00 199,858,313.83 0.00 2,678,897.80 0.00 A-3A 180,000,000.00 176,398,588.03 0.00 5,318,703.73 0.00 A-3B 20,000,000.00 19,599,843.11 0.00 590,967.08 0.00 A-4 126,799,000.00 124,262,025.35 0.00 3,746,701.75 0.00 X-A 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 B-1 14,042,000.00 14,042,000.00 0.00 0.00 0.00 B-2 6,849,000.00 6,849,000.00 0.00 0.00 0.00 B-3 3,767,000.00 3,767,000.00 0.00 0.00 0.00 B-4 3,081,000.00 3,081,000.00 0.00 0.00 0.00 B-5 1,711,000.00 1,711,000.00 0.00 0.00 0.00 B-6 3,097,055.38 3,097,055.38 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- Totals 685,012,155.38 672,738,389.98 0.00 13,944,721.17 0.00 ============== ============== ==== ============= ====
Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- ------------- -------------- ----------- --------------- A-1A 0.00 1,448,472.81 106,614,378.44 0.96922162 1,448,472.81 A-1B 0.00 160,978.00 11,848,734.33 0.96922162 160,978.00 A-2 0.00 2,678,897.80 197,179,416.03 0.96922162 2,678,897.80 A-3A 0.00 5,318,703.73 171,079,884.29 0.95044380 5,318,703.73 A-3B 0.00 590,967.08 19,008,876.03 0.95044380 590,967.08 A-4 0.00 3,746,701.75 120,515,323.60 0.95044380 3,746,701.75 X-A 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 14,042,000.00 1.00000000 0.00 B-2 0.00 0.00 6,849,000.00 1.00000000 0.00 B-3 0.00 0.00 3,767,000.00 1.00000000 0.00 B-4 0.00 0.00 3,081,000.00 1.00000000 0.00 B-5 0.00 0.00 1,711,000.00 1.00000000 0.00 B-6 0.00 0.00 3,097,055.38 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 ---- ------------- -------------- ---------- ------------- Totals 0.00 13,944,721.17 658,793,668.10 0.96172552 13,944,721.17 ==== ============= ============== ========== =============
(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. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ----- -------------- ------------- ------------ ------------ ---------- A-1A 110,000,000.00 982.38955682 0.00000000 13.16793464 0.00000000 A-1B 12,225,000.00 982.38955665 0.00000000 13.16793456 0.00000000 A-2 203,441,000.00 982.38955682 0.00000000 13.16793468 0.00000000 A-3A 180,000,000.00 979.99215572 0.00000000 29.54835406 0.00000000 A-3B 20,000,000.00 979.99215550 0.00000000 29.54835400 0.00000000 A-4 126,799,000.00 979.99215570 0.00000000 29.54835409 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 6,849,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,767,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 3,081,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,711,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,097,055.38 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Accretion Loss (1) Reduction Balance Percentage Distribution - ----- ---------- ---------- ----------- ------------- ----------- --------------- A-1A 0.00000000 0.00000000 13.16793464 969.22162218 0.96922162 13.16793464 A-1B 0.00000000 0.00000000 13.16793456 969.22162209 0.96922162 13.16793456 A-2 0.00000000 0.00000000 13.16793468 969.22162214 0.96922162 13.16793468 A-3A 0.00000000 0.00000000 29.54835406 950.44380161 0.95044380 29.54835406 A-3B 0.00000000 0.00000000 29.54835400 950.44380150 0.95044380 29.54835400 A-4 0.00000000 0.00000000 29.54835409 950.44380161 0.95044380 29.54835409 X-A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ------ -------------- ---------------- -------------- ------------ ---------- --------- A-1A 110,000,000.00 2.72000% 108,062,851.25 244,942.46 0.00 0.00 A-1B 12,225,000.00 2.78000% 12,009,712.33 27,822.50 0.00 0.00 A-2 203,441,000.00 2.73000% 199,858,313.83 454,677.66 0.00 0.00 A-3A 180,000,000.00 2.57000% 176,398,588.03 377,786.98 0.00 0.00 A-3B 20,000,000.00 2.63000% 19,599,843.11 42,956.32 0.00 0.00 A-4 126,799,000.00 2.58000% 124,262,025.35 267,163.35 0.00 0.00 X-A 0.00 0.58050% 640,191,333.90 309,690.10 0.00 0.00 X-B 0.00 0.21744% 20,891,000.00 3,785.39 0.00 0.00 B-1 14,042,000.00 2.91000% 14,042,000.00 34,051,85 0.00 0.00 B-2 6,849,000.00 3.26000% 6,849,000.00 18,606.45 0.00 0.00 B-3 3,767,000.00 3.23349% 3,767,000.00 10,150.47 0.00 0.00 B-4 3,081,000.00 3.23349% 3,081,000.00 8,301.99 0.00 0.00 B-5 1,711,000.00 3.23349% 1,711,000.00 4,610.42 0.00 0.00 B-6 3,097,055.38 3.23349% 3,097,055.38 8,345.25 0.00 0.00 A-R 100.00 3.17062% 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- Totals 685,012,155.38 1,812,891.19 0.00 0.00 ============== ============ ==== ====
Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- -------- -------------- --------- -------------- A-1A 0.00 0.00 244,942.46 0.00 106,614,378.44 A-1B 0.00 0.00 27,822.50 0.00 11,848,734.33 A-2 0.00 0.00 454,677.66 0.00 197,179,416.03 A-3A 0.00 0.00 377,786.98 0.00 171,079,884.29 A-3B 0.00 0.00 42,956.32 0.00 19,008,876.03 A-4 0.00 0.00 267,163.35 0.00 120,515,323.60 X-A 0.00 0.00 309,714.28 0.00 626,246,612.73 X-B 0.00 0.00 3,636.78 0.00 20,891,000.00 B-1 0.00 0.00 34,051.85 0.00 14,042,000.00 B-2 0.00 0.00 18,606.45 0.00 6,849,000.00 B-3 0.00 0.00 10,150.47 0.00 3,767,000.00 B-4 0.00 0.00 8,301.99 0.00 3,081,000.00 B-5 0.00 0.00 4,610.42 0.00 1,711,000.00 B-6 0.00 0.00 8,345.25 0.00 3,097,055.38 A-R 0.00 0.00 0.00 0.00 0.00 ---- ---- ------------ ---- Totals 0.00 0.00 1,812,766.76 0.00 ==== ==== ============ ====
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description.-* INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Current Beginning Unpaid Current Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ----- -------------- ----------- ---------------- --------------- ---------- ---------- A-1A 110,000,000.00 2.72000% 982.38955682 2.22674964 0.00000000 0.00000000 A-1B 12,225,000.00 2.78000% 982.38955665 2.27586912 0.00000000 0.00000000 A-2 203,441,000.00 2.73000% 982.38955682 2.23493622 0.00000000 0.00000000 A-3A 180,000,000.00 2.57000% 979.99215572 2.09881656 0.00000000 0.00000000 A-3B 20,000,000.00 2.63000% 979.99215550 2.14781600 0.00000000 0.00000000 A-4 126,799,000.00 2.58000% 979.99215570 2.10698310 0.00000000 0.00000000 X-A 0.00 0.58050% 981.18877472 0.47464630 0.00000000 0.00000000 X-B 0.00 0.21744% 1000.00000000 0.18119717 0.00000000 0.00000000 B-1 14,042,000.00 2.91000% 1000.00000000 2.42500000 0.00000000 0.00000000 B-2 6,849,000.00 3.26000% 1000.00000000 2.71666667 0.00000000 0.00000000 B-3 3,767,000.00 3.23349% 1000.00000000 2.69457659 0.00000000 0.00000000 B-4 3,081,000.00 3.23349% 1000.00000000 2.69457644 0.00000000 0.00000000 B-5 1,711,000.00 3.23349% 1000.00000000 2.69457627 0.00000000 0.00000000 B-6 3,097,055.38 3.23349% 1000.00000000 2.69457565 0.00000000 0.00000000 A-R 100.00 3.17062% 0.00000000 0.00000000 0.00000000 0.00000000
Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ----- ---------- ---------- -------------- ---------- ------------------- A-1A 0.00000000 0.00000000 2.22674964 0.00000000 969.22162218 A-1B 0.00000000 0.00000000 2.27586912 0.00000000 969.22162209 A-2 0.00000000 0.00000000 2.23493622 0.00000000 969.22162214 A-3A 0.00000000 0.00000000 0.29881656 0.00000000 950.44380161 A-3B 0.00000000 0.00000000 2.14781600 0.00000000 950.44380150 A-4 0.00000000 0.00000000 2.10698310 0.00000000 950.44380161 X-A 0.00000000 0.00000000 0.47468336 0.00000000 959.81640813 X-B 0.00000000 0.00000000 0.17408358 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.42500000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.71666667 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.69457659 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.69457644 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.69457627 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.69457565 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
(5) Per $1 denomination (6) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT 8MN Beginning Balance 0.00 Deposits Payments of Interest and Principal 15,979,321.62 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,305.10 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 15,983,626.72 Withdrawals Reimbursement for Servicer Advances 9,533.90 Payment of Service Fee 216,604.89 Payment of Interest and Principal 15,757,487.93 ------------- Total Withdrawals (Pool Distribution Amount) 15,983,626.72 Ending Balance 0.00 =============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 ---- Non-Supported Prepayment Curtailment Interest Shortfall 0.00 ====
SERVICING FEES Gross Servicing Fee 210,998.74 Master Servicing Fee 5,606.15 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 216,604.89 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- Class X-A Comp. Sub Account 4,500.00 12.09 12.09 4,500.00 Class X-A Comp. Sub Account 4,500.00 12.09 12.09 4,500.00 Class X-B Sub Account 1,000.00 153.99 153.99 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- ------------ -------- --------- -------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 5 1,637,400.01 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --- ------------ --- ---- --- ---- 5 1,637,400.01 0 0.00 0 0.00 === ============ === ==== === ====
REO TOTAL - -------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 5 1,637,400.01 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --- ---- --- ------------ 0 0.00 5 1,637,400.01 === ==== === ============
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- ----------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.264131% 0.248545% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.264131% 0.248545% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- ------------ 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.264131% 0.248545% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.264131% 0.248545% ======== ======== ======== ========
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4,305.10
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 32,547,055.38 4.75131063% 35,547,055.38 4.94040197% 95.059598% 0.000000% Class B-1 18,505,055.38 2.70142000% 18,505,055.38 2.80893036% 2.131472% 43.143688% Class B-2 11,656,055.38 1.70158373% 11,656,055.38 1.76930289% 1.039627% 21.043378% Class B-3 7,889,055.38 1.15166648% 7,889,055.38 1.19750018% 0.571803% 11.574012% Class B-4 4,808,055.38 0.70189344% 4,808,055.38 0.72982720% 0.467673% 9.466294% Class B-5 3,097,055.38 0.45211685% 3,097,055.38 0.47011007% 0.259717% 5.257004% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.470110% 9.515624%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- -------------------------------- -------------------------------- GROUP ONE No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ---------- ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 217,000.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---------- -- ---- -- ---- 1 217,000.00 0 0.00 0 0.00
REO TOTAL - -------------------------------- --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ---------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 1 217,000.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ---------- 0 0.00 1 217,000.00 == ==== == ==========
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- ---------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.112108% 0.065384% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.112108% 0.065384% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.112108% 0.065384% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.112108% 0.065384% ======== ======== ======== ========
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- --------------------------------- -------------------------------- GROUP TWO 1.183654% No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ --------- --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 4 1,420,400.01 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ -- ---- -- ---- 4 1,420,400.01 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - -------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 4 1,420,400.01 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------ 0 0.00 4 1,420,400.01 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- --------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- --------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.399600% 0.434491% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.399600% 0.434491% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - -------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.399600% 0.434491% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.399600% 0.434491% ======== ======== ======== ========
COLLATERAL STATEMENT
Collateral Description Mixed Arm - ---------------------- -------------- Weighted Average Gross Coupon 3.619853% Weighted Average Net Coupon 3.243483% Weighted Average Pass-Through Rate 3.233483% Weighted Average Maturity (Stepdown Calculation) 338 Beginning Scheduled Collateral Loan Count 1,917 Number of Loans Paid in Full 24 Ending Scheduled Collateral Loan Count 1,893 Beginning Scheduled Collateral Balance 672,738,389.28 Ending Scheduled Collateral Balance 658,793,668.11 Ending Actual Collateral Balance at 31-Dec-2004 658,794,279.94 Monthly P&I Constant 2,029,345.23 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 15,669,609.25 Scheduled Principal 0.00 Unscheduled Principal 13,944,721.17
MISCELLANEOUS REPORTING Rapid Prepay Event NO
GROUP GROUP ONE GROUP TWO TOTAL ----- -------------- ----------------- -------------- Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.613021 3.626677 3.619853 Weighted Average Net Rate 3.237211 3.249748 3.243483 Pass-Through Rate 3.227211 3.239748 3.233483 Weighted Average Maturity 334 341 338 Record Date 12/31/2004 12/31/2004 12/31/2004 Principal and Interest Constant 1,012,162.34 1,017,182.89 2,029,345.23 Beginning Loan Count 901 1,016 1,917 Loans Paid in Full 9 15 24 Ending Loan Count 892 1,001 1,893 Beginning Scheduled Balance 336,171,523.85 336,566,865.43 672,738,389.28 Ending Scheduled Balance 331,883,175.24 326,910,492.87 658,793,668.11 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 4,288,348.61 9,656,372.56 13,944,721.17 Scheduled Interest 1,012,162.34 1,017,182.89 2,029,345.23 Servicing Fee 105,280.42 105,718.32 210,998.74 Master Servicing Fee 2,801.43 2,804.72 5,606.15 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 904,080.49 908,659.85 1,812,740.34 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group One One Month Libor Loan Balance 237,183,231.47 Six Month Libor Loan Balance 94,699,943.77 Principal Transfer 0.00 Interest Transfer 0.00 Pro Rata Senior Percent 95.168940% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Two Principal Transfer 0.00 Interest Transfer 0.00 Pro Rata Senior Percent 95.155076% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%