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

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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 interest and principal payments made to certificateholders as of the October 29, 2004 record date and November 22, 2004 distribution date. 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 were reported for this period.

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EX-10.1 2 f03812aexv10w1.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: OCTOBER 29, 2004 DISTRIBUTION DATE: NOVEMBER 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Current Ending Certificate Class CUSIP Description Rate Certificate Balance Distribution Distribution Realized Loss Balance - ------ --------- ----------- ------------ ------------------- ------------- ------------ ------------- ------------------ A-1A 81744FET0 SEN 2.26875% 110,000,000.00 152,510.42 849,212.27 0.00 109,150,787.73 A-1B 81744FEU7 SEN 2.32875% 12,225,000.00 17,397.70 94,378.36 0.00 12,130,621.64 A-2 81744FEV5 SEN 2.27875% 203,441,000.00 283,305.72 1,570,587.21 0.00 201,870,412.79 A-3A 81744FEW3 SEN 2.57000% 180,000,000.00 282,700.00 2,528,995.32 0.00 177,471,004.68 A-3B 81744FEX1 SEN 2.63000% 20,000,000.00 32,144.44 280,999.48 0.00 19,719,000.52 A-4 81744FEY9 SEN 2.58000% 126,799,000.00 199,919.76 1,781,522.66 0.00 125,017,477.34 X-A 81744FEZ6 IO 1.31740% 0.00 716,298.12 0.00 0.00 0.00 X-B 81744FFA0 IO 1.21049% 0.00 21,073.54 0.00 0.00 0.00 B-1 81744FFC6 SUB 2.45875% 14,042,000.00 21,099.08 0.00 0.00 14,042,000.00 B-2 81744FFD4 SUB 2.80875% 6,849,000.00 11,756.02 0.00 0.00 6,849,000.00 B-3 81744FFE2 SUB 3.09772% 3,767,000.00 9,724.24 0.00 0.00 3,767,000.00 B-4 81744FFF9 SUB 3.09772% 3,081,000.00 7,953.38 0.00 0.00 3,081,000.00 B-5 81744FFG7 SUB 3.09772% 1,711,000.00 4,416.83 0.00 0.00 1,711,000.00 B-6 81744FFH5 SUB 3.09772% 3,097,055.38 7,994.83 0.00 0.00 3,097,055.38 A-R 81744FFB8 RES 2.99300% 100.00 16.28 100.00 0.00 0.00 - ------ --------- --- ------- -------------- ------------ ------------ ---- -------------- Totals 685,012,155.38 1,768,310.36 7,105,795.30 0.00 677,906,360.08 - ------ --------- --- ------- -------------- ------------ ------------ ---- -------------- Total Cumulative Class Distribution Realized Loss - ------ ------------ ------------- A-1A 1,001,722.69 0.00 A-1B 111,776.06 0.00 A-2 1,853,892.93 0.00 A-3A 2,811,695.32 0.00 A-3B 313,143.92 0.00 A-4 1,981,442.42 0.00 X-A 716,298.12 0.00 X-B 21,073.54 0.00 B-1 21,099.08 0.00 B-2 11,756.02 0.00 B-3 9,724.24 0.00 B-4 7,953.38 0.00 B-5 4,416.83 0.00 B-6 7,994.83 0.00 A-R 116.28 0.00 - ------ ------------ ---- Totals 8,874,105.66 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 Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ------ -------------- -------------- ------------ ------------- --------- -------- --------------- ------------------ A-1A 110,000,000.00 110,000,000.00 0.00 849,212.27 0.00 0.00 849,212.27 109,150,787.73 A-1B 12,225,000.00 12,225,000.00 0.00 94,378.36 0.00 0.00 94,378.36 12,130,621.64 A-2 203,441,000.00 203,441,000.00 0.00 1,570,587.21 0.00 0.00 1,570,587.21 201,870,412.79 A-3A 180,000,000.00 180,000,000.00 0.00 2,528,995.32 0.00 0.00 2,528,995.32 177,471,004.68 A-3B 20,000,000.00 20,000,000.00 0.00 280,999.48 0.00 0.00 280,999.48 19,719,000.52 A-4 126,799,000.00 126,799,000.00 0.00 1,781,522.66 0.00 0.00 1,781,522.66 125,017,477.34 X-A 0.00 0.00 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 0.00 0.00 B-1 14,042,000.00 14,042,000.00 0.00 0.00 0.00 0.00 0.00 14,042,000.00 B-2 6,849,000.00 6,849,000.00 0.00 0.00 0.00 0.00 0.00 6,849,000.00 B-3 3,767,000.00 3,767,000.00 0.00 0.00 0.00 0.00 0.00 3,767,000.00 B-4 3,081,000.00 3,081,000.00 0.00 0.00 0.00 0.00 0.00 3,081,000.00 B-5 1,711,000.00 1,711,000.00 0.00 0.00 0.00 0.00 0.00 1,711,000.00 B-6 3,097,055.38 3,097,055.38 0.00 0.00 0.00 0.00 0.00 3,097,055.38 A-R 100.00 100.00 0.00 100.00 0.00 0.00 100.00 0.00 - ------ -------------- -------------- ---- ------------ ---- ---- ------------ -------------- Totals 685,012,155.38 685,012,155.38 0.00 7,105,795.30 0.00 0.00 7,105,795.30 677,906,360.08 - ------ -------------- -------------- ---- ------------ ---- ---- ------------ -------------- Ending Certificate Total Principal Class Percentage Distribution - ------ ------------------ --------------- A-1A 0.99227989 849,212.27 A-1B 0.99227989 94,378.36 A-2 0.99227989 1,570,587.21 A-3A 0.98595003 2,528,995.32 A-3B 0.98595003 280,999.48 A-4 0.98595003 1,781,522.66 X-A 0.00000000 0.00 X-B 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 A-R 0.00000000 100.00 - ------ ---------- ------------ Totals 0.98962676 7,105,795.30 - ------ ---------- ------------
(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 Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ------ -------------- -------------- ------------ ------------- ---------- ---------- --------------- ------------------ A-1A 110,000,000.00 1000.00000000 0.00000000 7.72011155 0.00000000 0.00000000 7.72011155 992.27988845 A-1B 12,225,000.00 1000.00000000 0.00000000 7.72011125 0.00000000 0.00000000 7.72011125 992.27988875 A-2 203,441,000.00 1000.00000000 0.00000000 7.72011153 0.00000000 0.00000000 7.72011153 992.27988847 A-3A 180,000,000.00 1000.00000000 0.00000000 14.04997400 0.00000000 0.00000000 14.04997400 985.95002600 A-3B 20,000,000.00 1000.00000000 0.00000000 14.04997400 0.00000000 0.00000000 14.04997400 985.95002600 A-4 126,799,000.00 1000.00000000 0.00000000 14.04997405 0.00000000 0.00000000 14.04997405 985.95002595 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 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 0.00000000 1000.00000000 B-2 6,849,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 3,767,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 3,081,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 1,711,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 3,097,055.38 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 0.00000000 Ending Certificate Total Principal Class Percentage Distribution - ------ ----------- --------------- A-1A 0.99227989 7.72011155 A-1B 0.99227989 7.72011125 A-2 0.99227989 7.72011153 A-3A 0.98595003 14.04997400 A-3B 0.98595003 14.04997400 A-4 0.98595003 14.04997405 X-A 0.00000000 0.00000000 X-B 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 1.00000000 0.00000000 A-R 0.00000000 1000.00000000
(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 Total Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------ -------------- ---------------- -------------- ------------ ---------- ---------- ---------- --------- -------------- A-1A 110,000,000.00 2.26875% 110,000,000.00 152,510.42 0.00 0.00 0.00 0.00 152,510.42 A-1B 12,225,000.00 2.32875% 12,225,000.00 17,397.70 0.00 0.00 0.00 0.00 17,397.70 A-2 203,441,000.00 2.27875% 203,441,000.00 283,305.72 0.00 0.00 0.00 0.00 283,305.72 A-3A 180,000,000.00 2.57000% 180,000,000.00 282,700.00 0.00 0.00 0.00 0.00 282,700.00 A-3B 20,000,000.00 2.63000% 20,000,000.00 32,144.44 0.00 0.00 0.00 0.00 32,144.44 A-4 126,799,000.00 2.58000% 126,799,000.00 199,919.76 0.00 0.00 0.00 0.00 199,919.76 X-A 0.00 1.31740% 652,465,000.00 716,298.12 0.00 0.00 0.00 0.00 716,298.12 X-B 0.00 1.21049% 20,891,000.00 21,073.54 0.00 0.00 0.00 0.00 21,073.54 B-1 14,042,000.00 2.45875% 14,042,000.00 21,099.08 0.00 0.00 0.00 0.00 21,099.08 B-2 6,849,000.00 0.80875% 6,849,000.00 11,756.02 0.00 0.00 0.00 0.00 11,756.02 B-3 3,767,000.00 3.09772% 3,767,000.00 9,724.24 0.00 0.00 0.00 0.00 9,724.24 B-4 3,081,000.00 3.09772% 3,081,000.00 7,953.38 0.00 0.00 0.00 0.00 7,953.38 B-5 1,711,000.00 3.09772% 1,711,000.00 4,416.83 0.00 0.00 0.00 0.00 4,416.83 B-6 3,097,055.38 3.09772% 3,097,055.38 7,994.83 0.00 0.00 0.00 0.00 7,994.83 A-R 100.00 2.99300% 100.00 0.25 0.00 0.00 0.00 0.00 16.28 - ------ -------------- ------- -------------- ------------ ---- ---- ---- ---- ------------ Totals 685,012,155.38 1,768,294.33 0.00 0.00 0.00 0.00 1,768,310.36 - ------ -------------- ------- -------------- ------------ ---- ---- ---- ---- ------------ Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------ ---------- --------------- A-1A 0.00 109,150,787.73 A-1B 0.00 12,130,621.64 A-2 0.00 201,870,412.79 A-3A 0.00 177,471,004.68 A-3B 0.00 19,719,000.52 A-4 0.00 125,017,477.34 X-A 0.00 645,359,304.70 X-B 0.00 20,891,000.00 B-1 0.00 14,042,000.00 B-2 0.00 6,849,000.00 B-3 0.00 3,767,000.00 B-4 0.00 3,081,000.00 B-5 0.00 1,711,000.00 B-6 0.00 3,097,055.38 A-R 0.00 0.00 - ------ ---- -------------- Totals 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 Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) --- ------------- ---------- ---------------- --------------- --------- --------- --------- -------- A-1A 110,000,000.00 2.26875% 1000.00000000 1.38645836 0.00000000 0.00000000 0.00000000 0.00000000 A-1B 12,225,000.00 2.32875% 1000.00000000 1.42312474 0.00000000 0.00000000 0.00000000 0.00000000 A-2 203,441,000.00 2.27875% 1000.00000000 1.39256944 0.00000000 0.00000000 0.00000000 0.00000000 A-3A 180,000,000.00 2.57000% 1000.00000000 1.57055556 0.00000000 0.00000000 0.00000000 0.00000000 A-3B 20,000,000.00 2.63000% 1000.00000000 1.60722200 0.00000000 0.00000000 0.00000000 0.00000000 A-4 126,799,000.00 2.58000% 1000.00000000 1.57666669 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 1.31740% 1000.00000000 1.09783378 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.21049% 1000.00000000 1.00873773 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,042,000.00 2.45875% 1000.00000000 1.50256943 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,849,000.00 2.80875% 1000.00000000 1.71645788 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,767,000.00 3.09772% 1000.00000000 2.58142819 0.00000000 0.00000000 0.00000000 0.00000000 B-4 3,081,000.00 3.09772% 1000.00000000 2.58142811 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,711,000.00 3.09772% 1000.00000000 2.58143191 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,097,055.38 3.09772% 1000.00000000 2.58142946 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.99300% 1000.00000000 2.50000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance --- ------------ --------- ------------------ A-1A 1.38645836 0.00000000 992.27988845 A-1B 1.42312474 0.00000000 992.27988875 A-2 1.39256944 0.00000000 992.27988847 A-3A 1.57055556 0.00000000 985.95002600 A-3B 1.60722200 0.00000000 985.95002600 A-4 1.57666669 0.00000000 985.95002595 X-A 1.09783378 0.00000000 989.10946135 X-B 1.00873773 0.00000000 1000.00000000 B-1 1.50256943 0.00000000 1000.00000000 B-2 1.71645788 0.00000000 1000.00000000 B-3 2.58142819 0.00000000 1000.00000000 B-4 2.58142811 0.00000000 1000.00000000 B-5 2.58143191 0.00000000 1000.00000000 B-6 2.58142946 0.00000000 1000.00000000 A-R 162.80000000 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 Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,094,658.59 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 9,094,658.59 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 220,552.93 Payment of Interest and Principal 8,874,105.66 ------------ Total Withdrawals (Pool Distribution Amount) 9,094,658.59 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 214,844.50 Master Servicing Fee 5,708.43 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 220,552.93 ==========
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
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
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 4.80111374% 95.198886% 0.000000% Class B-1 18,505,055.38 2.70142000% 18,505,055.38 2.72973621% 2.071378% 43.143688% Class B-2 11,656,055.38 1.70158373% 11,656,055.38 1.71941968% 1.010317% 21.043378% Class B-3 7,889,055.38 1.15166648% 7,889,055.38 1.16373822% 0.555681% 11.574012% Class B-4 4,808,055.38 0.70189344% 4,808,055.38 0.70925067% 0.454488% 9.466294% Class B-5 3,097,055.38 0.45211685% 3,097,055.38 0.45685593% 0.252395% 5.257004% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.456856% 9.515624%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
BANKRUPTCY 1.183654%
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.484078% Weighted Average Net Coupon 3.107715% Weighted Average Pass-Through Rate 3.097715% Weighted Average Maturity (Stepdown Calculation) 340 Beginning Scheduled Collateral Loan Count 1,933 Number of Loans Paid in Full 7 Ending Scheduled Collateral Loan Count 1,926 Beginning Scheduled Collateral Balance 685,012,155.38 Ending Scheduled Collateral Balance 677,906,360.08 Ending Actual Collateral Balance at 29-Oct-2004 677,913,261.15 Monthly P&I Constant 1,988,863.04 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 8,790,071.71 Scheduled Principal 0.00 Unscheduled Principal 7,105,795.30
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 3.378825 3.588963 3.484078 Weighted Average Net Rate 3.002999 3.212064 3.107715 Pass-Through Rate 2.992999 3.202064 3.097715 Weighted Average Maturity 336 343 340 Record Date 10/29/2004 10/29/2004 10/29/2004 Principal and Interest Constant 962,702.57 1,026,160.47 1,988,863.04 Beginning Loan Count 907 1,026 1,933 Loans Paid in Full 1 6 7 Ending Loan Count 906 1,020 1,926 Beginning Scheduled Balance 341,906,746.44 343,105,408.94 685,012,155.38 Ending Scheduled Balance 339,392,468.44 338,513,891.48 677,906,360.08 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 2,514,277.84 4,591,517.46 7,105,795.30 Scheduled Interest 962,702.57 1,026,106.47 1,988,863.04 Servicing Fee 107,081.11 107,763.39 214,844.50 Master Servicing Fee 2,849.22 2,859.21 5,708.43 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 852,772.24 915,537.87 1,768,310.11 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 241,252,279.60 Six Month Libor Loan Balance 98,140,188.10 Principal Transfer 0.00 Interest Transfer 0.00 Pro Rata Senior Percent 95.249978% 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 95.247405% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%