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

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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 distributions made to certificateholders as of March 31, 2005, with a distribution date of April 20, 2005. The statement details the amounts distributed to each class of certificates, the remaining balances, and any realized losses. All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 2 f08876eexv10w1.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: MARCH 31, 2005 DISTRIBUTION DATE: APRIL 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Class CUSIP Description Rate Certificate Balance Distribution Distribution ----- ----- ----------- ------------ ------------------- ------------ ------------- A-1A 81744FET0 SEN 3.16000% 103,849,791.40 273,471.12 2,146,634.86 A-1B 81744FEU7 SEN 3.22000% 11,541,488.18 30,969.66 238,569.19 A-2 81744FEV5 SEN 3.17000% 192,066,412.84 507,375.44 3,970,123.12 A-3A 81744FEW3 SEN 2.57000% 164,008,153.03 351,250.79 6,908,540.05 A-3B 81744FEX1 SEN 2.63000% 18,223,128.11 39,939.02 767,615.56 A-4 81744FEY9 SEN 2.58000% 115,533,721.09 248,397.50 4,866,644.28 X-A 81744FEZ6 IO 0.98575% 0.00 497,163.46 0.00 X-B 81744FFA0 IO 0.39893% 0.00 6,945.11 0.00 B-1 81744FFC6 SUB 3.35000% 14,042,000.00 39,200.58 0.00 B-2 81744FFD4 SUB 3.70000% 6,849,000.00 21,117.75 0.00 B-3 81744FFE2 SUB 3.86368% 3,767,000.00 12,128.73 0.00 B-4 81744FFF9 SUB 3.86368% 3,081,000.00 9,920.00 0.00 B-5 81744FFG7 SUB 3.86368% 1,711,000.00 5,508.96 0.00 B-6 81744FFH5 SUB 3.86368% 3,097,055.38 9,971.69 0.00 A-R 81744FFB8 RES 3.23483% 0.00 0.05 0.00 ------- -------------- ------------ ------------- Totals 637,769,750.03 2,053,359.86 18,898,127.06 ------- -------------- ------------ ------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ----- ----- ------------- ------------------ ------------- ------------- A-1A 81744FET0 0.00 101,703,156.54 2,420,105.98 0.00 A-1B 81744FEU7 0.00 11,302,918.99 269,538.85 0.00 A-2 81744FEV5 0.00 188,096,289.72 4,477,498.56 0.00 A-3A 81744FEW3 0.00 157,099,612.98 7,259,790.84 0.00 A-3B 81744FEX1 0.00 17,455,512.55 807,554.58 0.00 A-4 81744FEY9 0.00 110,667,076.81 5,115,041.78 0.00 X-A 81744FEZ6 0.00 0.00 497,163.46 0.00 X-B 81744FFA0 0.00 0.00 6,945.11 0.00 B-1 81744FFC6 0.00 14,042,000.00 39,200.58 0.00 B-2 81744FFD4 0.00 6,849,000.00 21,117.75 0.00 B-3 81744FFE2 0.00 3,767,000.00 12,128.75 0.00 B-4 81744FFF9 0.00 3,081,000.00 9,920.00 0.00 B-5 81744FFG7 0.00 1,711,000.00 5,508.96 0.00 B-6 81744FFH5 0.00 3,097,055.38 9,971.69 0.00 A-R 81744FFB8 0.00 0.00 0.05 0.00 ---- -------------- ------------- ---- Totals 0.00 618,871,622.97 20,951,486.92 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 Realized Class Amount Balance Distribution Distribution Accretion Loss (1) ----- ------ ------- ------------ ------------ --------- -------- A-1A 110,000,000.00 103,849,791.40 0.00 2,146,634.86 0.00 0.00 A-1B 12,225,000.00 11,541,488.18 0.00 238,569.19 0.00 0.00 A-2 203,441,000.00 192,066,412.84 0.00 3,970,123.12 0.00 0.00 A-3A 180,000,000.00 164,008,153.03 0.00 6,908,540.05 0.00 0.00 A-3B 20,000,000.00 18,223,128.11 0.00 767,615.56 0.00 0.00 A-4 126,799,000.00 115,533,721.09 0.00 4,866,644.28 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 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 0.00 B-2 6,849,000.00 6,849,000.00 0.00 0.00 0.00 0.00 B-3 3,767,000.00 3,767,000.00 0.00 0.00 0.00 0.00 B-4 3,081,000.00 3,081,000.00 0.00 0.00 0.00 0.00 B-5 1,711,000.00 1,711,000.00 0.00 0.00 0.00 0.00 B-6 3,097,055.38 3,097,055.38 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- ---- Totals 685,012,155.38 637,769,750.03 0.00 18,898,127.06 0.00 0.00 -------------- -------------- ---- ------------- ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution ----- --------- ------- ---------- ------------ A-1A 2,146,634.86 101,703,156.54 0.92457415 2,146,634.86 A-1B 238,569.19 11,302,918.99 0.92457415 238,569.19 A-2 3,970,123.12 188,096,289.72 0.92457415 3,970,123.12 A-3A 6,908,540.05 157,099,612.98 0.87277563 6,908,540.05 A-3B 767,615.56 17,455,512.55 0.87277563 767,615.56 A-4 4,866,644.28 110,667,076.81 0.87277563 4,866,644.28 X-A 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 14,042,000.00 1.00000000 0.00 B-2 0.00 6,849,000.00 1.00000000 0.00 B-3 0.00 3,767,000.00 1.00000000 0.00 B-4 0.00 3,081,000.00 1.00000000 0.00 B-5 0.00 1,711,000.00 1.00000000 0.00 B-6 0.00 3,097,055.38 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 18,898,127.06 618,871,622.97 0.90344619 18,898,127.06 ------------- -------------- ---------- -------------
(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 Realized Class Amount Balance Distribution Distribution Accretion Loss (3) ----- ------ ------- ------------ ------------ --------- -------- A-1A 110,000,000.00 944.08901273 0.00000000 19.51486236 0.00000000 0.00000000 A-1B 12,225,000.00 944.08901268 0.00000000 19.51486217 0.00000000 0.00000000 A-2 203,441,000.00 944.08901274 0.00000000 19.51486239 0.00000000 0.00000000 A-3A 180,000,000.00 911.15640572 0.00000000 38.38077806 0.00000000 0.00000000 A-3B 20,000,000.00 911.15640550 0.00000000 38.38077800 0.00000000 0.00000000 A-4 126,799,000.00 911.15640573 0.00000000 38.38077808 0.00000000 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,849,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,767,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 3,081,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,711,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,097,055.38 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution ----- --------- ------- ---------- ------------ A-1A 19.51486236 924.57415036 0.92457415 19.51486236 A-1B 19.51486217 924.57415051 0.92457415 19.51486217 A-2 19.51486239 924.57415034 0.92457415 19.51486239 A-3A 38.38077806 872.77562767 0.87277563 38.38077806 A-3B 38.38077800 872.77562750 0.87277563 38.38077800 A-4 38.38077808 872.77562765 0.87277563 38.38077808 X-A 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 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 Non- Certificate Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----- ------ ---------------- ------- -------- --------- --------- --------- -------- A-1A 110,000,000.00 3.16000% 103,849,791.40 273,471.12 0.00 0.00 0.00 0.00 A-1B 12,225,000.00 3.22000% 11,541,488.18 30,969.66 0.00 0.00 0.00 0.00 A-2 203,441,000.00 3.17000% 192,066,412.84 507,375.44 0.00 0.00 0.00 0.00 A-3A 180,000,000.00 2.57000% 164,008,153.03 351,250.79 0.00 0.00 0.00 0.00 A-3B 20,000,000.00 2.63000% 18,223,128.11 39,939.02 0.00 0.00 0.00 0.00 A-4 126,799,000.00 2.58000% 115,533,721.09 248,397.50 0.00 0.00 0.00 0.00 X-A 0.00 0.98575% 605,222,694.65 497,163.46 0.00 0.00 0.00 0.00 X-B 0.00 0.39893% 20,891,000.00 6,945.11 0.00 0.00 0.00 0.00 B-1 14,042,000.00 3.35000% 14,042,000.00 39,200.58 0.00 0.00 0.00 0.00 B-2 6,849,000.00 3.70000% 6,849,000.00 21,117.75 0.00 0.00 0.00 0.00 B-3 3,767,000.00 3.86368% 3,767,000.00 12,128.73 0.00 0.00 0.00 0.00 B-4 3,081,000.00 3.86368% 3,081,000.00 9,920.00 0.00 0.00 0.00 0.00 B-5 1,711,000.00 3.86368% 1,711,000.00 5,508.96 0.00 0.00 0.00 0.00 B-6 3,097,055.38 3.86368% 3,097,055.38 9,971.69 0.00 0.00 0.00 0.00 A-R 100.00 3.23483% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- ---- Totals 685,012,155.38 2,053,359.81 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate Total Interest Interest Notational Class Distribution Shortfall Balance ----- ------------ --------- ------- A-1A 273,471.12 0.00 101,703,156.54 A-1B 30,969.66 0.00 11,302,918.99 A-2 507,375.44 0.00 188,096,289.72 A-3A 351,250.79 0.00 157,099,612.98 A-3B 39,939.02 0.00 17,455,512.55 A-4 248,397.50 0.00 110,667,076.81 X-A 497,163.46 0.00 586,324,567.59 X-B 6,945.11 0.00 20,891,000.00 B-1 39,200.58 0.00 14,042,000.00 B-2 21,117.75 0.00 6,894,000.00 B-3 12,128.73 0.00 3,767,000.00 B-4 9,920.00 0.00 3,081,000.00 B-5 5,508.96 0.00 1,711,000.00 B-6 9,971.69 0.00 3,097,055.38 A-R 0.05 0.00 0.00 ------------ ---- Totals 2,053,359.86 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- --------------- ------------ ---------------- --------------- ----------- ---------- A-1A 110,000,000.00 3.16000% 944.08901273 2.48610109 0.00000000 0.00000000 A-1B 12,225,000.00 3.22000% 944.08901268 2.53330552 0.00000000 0.00000000 A-2 203,441,000.00 3.17000% 944.08901274 2.49396847 0.00000000 0.00000000 A-3A 180,000,000.00 2.57000% 911.15640572 1.95139328 0.00000000 0.00000000 A-3B 20,000,000.00 2.63000% 911.15640550 1.99695100 0.00000000 0.00000000 A-4 126,799,000.00 2.58000% 911.15640573 1.95898627 0.00000000 0.00000000 X-A 0.00 0.98575% 927.59411562 0.76197721 0.00000000 0.00000000 X-B 0.00 0.39893% 1000.00000000 0.33244507 0.00000000 0.00000000 B-1 14,042,000.00 3.35000% 1000.00000000 2.79166643 0.00000000 0.00000000 B-2 6,849,000.00 3.70000% 1000.00000000 3.08333333 0.00000000 0.00000000 B-3 3,767,000.00 3.86368% 1000.00000000 3.21973188 0.00000000 0.00000000 B-4 3,081,000.00 3.86368% 1000.00000000 3.21973385 0.00000000 0.00000000 B-5 1,711,000.00 3.86368% 1000.00000000 3.21973115 0.00000000 0.00000000 B-6 3,097,055.38 3.86368% 1000.00000000 3.21973254 0.00000000 0.00000000 A-R 100.00 3.23483% 0.00000000 0.00000000 0.00000000 0.00000000 Non- Remaining Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- ---------- ---------- -------------- ---------- ------------------- A-1A 0.00000000 0.00000000 2.48610109 0.00000000 924.57415036 A-1B 0.00000000 0.00000000 2.53330552 0.00000000 924.57415051 A-2 0.00000000 0.00000000 2.49396847 0.00000000 924.57415034 A-3A 0.00000000 0.00000000 1.95139328 0.00000000 872.77562767 A-3B 0.00000000 0.00000000 1.99695100 0.00000000 872.77567250 A-4 0.00000000 0.00000000 1.95898627 0.00000000 872.77562765 X-A 0.00000000 0.00000000 0.76197721 0.00000000 898.62991515 X-B 0.00000000 0.00000000 0.33244507 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.79166643 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.08333333 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.21973188 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 3.21973385 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 3.21973115 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 3.21973254 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.50000000 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 21,156,823.13 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 21,156,823.13 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 205,336.21 Payment of Interest and Principal 20,951,486.92 ------------- Total Withdrawals (Pool Distribution Amount) 21,156,823.13 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 200,021.46 Master Servicing Fee 5,314.75 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 205,336.21 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------- -------------- ----------- -------- -------- Class X-A Pool 1 Comp. Sub Amount 4,500.00 0.00 0.00 4,500.00 Class X-A Pool 2 Comp. Sub Amount 4,500.00 0.00 0.00 4,500.00 Class X-B Sub Account 1,000.00 0.00 0.00 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 18 5,909,895.77 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 150,000.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 479,950.00 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 -- ------------ -- ---- -- ---- 20 6,539,845.77 0 0.00 0 0.00 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 0.998336% 0.954942% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.055463% 0.024238% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.055463% 0.077552% 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% -------- -------- -------- -------- -------- -------- 1.109262% 1.056732% 0.000000% 0.000000% 0.000000% 0.000000% 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 18 5,909,895.77 60 Days 0 0.00 60 Days 1 150,000.00 90 Days 0 0.00 90 Days 1 479,950.00 120 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 20 6,539,845.77 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 0.998336% 0.954942% 60 Days 0.000000% 0.000000% 60 Days 0.055463% 0.024238% 90 Days 0.000000% 0.000000% 90 Days 0.055463% 0.077552% 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% 1.109262% 1.056732%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 32,547,055.38 4.75131063% 32,547,055.38 5.25909642% 94.740904% 0.000000% Class B-1 18,505,055.38 2.70142000% 18,505,055.38 2.99012827% 2.268968% 43.143688% Class B-2 11,656,055.38 1.70158373% 11,656,055.38 1.88343672% 1.106692% 21.043378% Class B-3 7,889,055.38 1.15166648% 7,889,055.38 1.27474828% 0.608688% 11.574012% Class B-4 4,808,055.38 0.70189344% 4,808,055.38 0.77690674% 0.497842% 9.466294% Class B-5 3,097,055.38 0.45211685% 3,097,055.38 0.50043584% 0.276471% 5.257004% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.500436% 9.515624%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------- --------------------------------- ---------------------------------- No. of Principal No. of Principal No. of Principal GROUP ONE 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 6 1,303,377.58 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 1 479,950.00 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 -------- ------------ -------- -------- -------- -------- 7 1,783,327.58 0 0.00 0 0.00 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 0.697674% 0.410714% 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 0.116279% 0.151240% 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% -------- ------------ -------- -------- -------- -------- 0.813953% 0.561954% 0.000000% 0.000000% 0.000000% 0.000000% 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 6 1,303,377.58 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 479,950.00 120 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 7 1,783,327.58 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 0.697674% 0.410714% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.116279% 0.151240% 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% 0.813953% 0.561954%
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ---------------------------------- -------------------------------- 1.183654% No. of Principal No. of Principal No. of Principal GROUP TWO 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 12 4,606,518.19 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 150,000.00 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 -------- ------------ -------- -------- -------- -------- 13 4,756,518.19 0 0.00 0 0.00 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 1.272534% 1.527714% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.106045% 0.049746% 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% -------- ------------ -------- -------- -------- -------- 1.378579% 1.577460% 0.000000% 0.000000% 0.000000% 0.000000% 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 12 4,606,518.19 60 Days 0 0.00 60 Days 1 150,000.00 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 13 4,756,518.19 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 1.272534% 1.527714% 60 Days 0.000000% 0.000000% 60 Days 0.106045% 0.049746% 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% 1.378579% 1.577460%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 4.249865% Weighted Average Net Coupon 3.873514% Weighted Average Pass-Through Rate 3.863514% Weighted Average Maturity (Stepdown Calculation) 335 Beginning Scheduled Collateral Loan Count 1,850 Number of Loans Paid in Full 47 Ending Scheduled Collateral Loan Count 1,803 Beginning Scheduled Collateral Balance 637,769,750.03 Ending Scheduled Collateral Balance 618,871,622.97 Ending Actual Collateral Balance at 31-Mar-2005 618,874,527.12 Monthly P&I Constant 2,258,696.27 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 20,846,694.06 Scheduled Principal 0.00 Unscheduled Principal 18,898,127.06
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 4.239696 4.260347 4.249865 Weighted Average Net Rate 3.863936 3.883385 3.873514 Pass-Through Rate 3.853936 3.873385 3.863514 Weighted Average Maturity 331 338 335 Record Date 03/31/2005 03/31/2005 03/31/2005 Principal and Interest Constant 1,143,652.05 1,115,044.22 2,258,696.27 Beginning Loan Count 875 975 1,850 Loans Paid in Full 15 32 47 Ending Loan Count 860 943 1,803 Beginning Scheduled Balance 323,698,338.86 314,071,411.17 637,769,750.03 Ending Scheduled Balance 317,343,011.69 301,528,611.28 618,871,622.97 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 6,355,327.17 12,542,799.89 18,898,127.06 Scheduled Interest 1,143,652.05 1,115,044.22 2,258,696.27 Servicing Fee 101,360.72 98,660.74 200,021.46 Master Servicing Fee 2,697.49 2,617.26 5,314.75 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 1,039,593.84 1,013,766.22 2,053,360.06 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 225,620,874.28 Six Month Libor Loan Balance 91,722,137.41 Principal Transfer 0.00 Interest Transfer 0.00 Pro Rata Senior Percent 94.982784% 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 94.808057% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%