Certificateholder Distribution Summary for SMT Series 2004-10 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2004-10, administered by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of January 31, 2005, with distributions occurring on February 22, 2005. The summary includes beginning and ending balances, distribution amounts, and realized losses for each class. All calculations are performed in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f06743aexv10w1.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: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Ending Class Pass-Through Certificate Interest Principal Current Certificate Class CUSIP Description Rate Balance Distribution Distribution Realized Loss Balance - ------ --------- ----------- ------------ -------------- ------------ ------------ ------------- -------------- A-1A 81744FET0 SEN 2.81000% 106,614,378.44 249,655.34 600,909.16 0.00 106,013,469.28 A-1B 81744FEU7 SEN 2.87000% 11,848,734.33 28,338.22 66,782.86 0.00 11,781,951.47 A-2 81744FEV5 SEN 2.82000% 197,179,416.03 463,371.63 1,111,359.64 0.00 196,068,056.39 A-3A 81744FEW3 SEN 2.57000% 171,079,884.29 366,396.09 3,872,398.00 0.00 167,207,486.30 A-3B 81744FEX1 SEN 2.63000% 19,008,876.03 41,661.12 430,266.44 0.00 18,578,609.59 A-4 81744FEY9 SEN 2.58000% 120,515,323.60 259,107.95 2,727,867.74 0.00 117,787,455.86 X-A 81744FEZ6 IO 0.63828% 0.00 333,103.29 0.00 0.00 0.00 X-B 81744FFA0 IO 0.22631% 0.00 3,863.98 0.00 0.00 0.00 B-1 81744FFC6 SUB 3.00000% 14,042,000.00 35,105.00 0.00 0.00 14,042,000.00 B-2 81744FFD4 SUB 3.35000% 6,849,000.00 19,120.13 0.00 0.00 6,849,000.00 B-3 81744FFE2 SUB 3.33670% 3,767,000.00 10,474.45 0.00 0.00 3,767,000.00 B-4 81744FFF9 SUB 3.33670% 3,081,000.00 8,566.97 0.00 0.00 3,081,000.00 B-5 81744FFG7 SUB 3.33670% 1,711,000.00 4,757.57 0.00 0.00 1,711,000.00 B-6 81744FFH5 SUB 3.33670% 3,097,055.38 8,611.61 0.00 0.00 3,097,055.38 A-R 81744FFB8 RES 3.17784% 0.00 0.48 0.00 0.00 0.00 --------- ----------- ------------ -------------- ------------ ------------ ------------- -------------- Totals 658,793,668.10 1,832,133.83 8,809,583.84 0.00 649,984,084.27 --------- ----------- ------------ -------------- ------------ ------------ ------------- --------------
Total Cumulative Class Distribution Realized Loss - ------ ------------- ------------- A-1A 850,564.50 0.00 A-1B 95,121.08 0.00 A-2 1,574,731.27 0.00 A-3A 4,238,794.09 0.00 A-3B 471,927.56 0.00 A-4 2,986,975.69 0.00 X-A 333,103.29 0.00 X-B 3,863.98 0.00 B-1 35,105.00 0.00 B-2 19,120.13 0.00 B-3 10,474.45 0.00 B-4 8,566.97 0.00 B-5 4,757.57 0.00 B-6 8,611.61 0.00 A-R 0.48 0.00 ------------- ------------- Totals 10,641,717.67 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 Total Ending Ending Original Face Certificate Principal Principal Realized Principal Certificate Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance Percentage - ------ --------------- -------------- ------------ ------------- --------- -------- ------------ -------------- ----------- A-1A 110,000,000.00 106,614,378.44 0.00 600,909.16 0.00 0.00 600,909.16 106,013,469.28 0.96375881 A-1B 12,225,000.00 11,848,734.33 0.00 66,782.86 0.00 0.00 66,782.86 11,781,951.47 0.96375881 A-2 203,441,000.00 197,179,416.03 0.00 1,111,359.64 0.00 0.00 1,111,359.64 196,068,056.39 0.96375881 A-3A 180,000,000.00 171,079,884.29 0.00 3,872,398.00 0.00 0.00 3,872,398.00 167,207,486.30 0.92893048 A-3B 20,000,000.00 19,008,876.03 0.00 430,266.44 0.00 0.00 430,266.44 18,578,609.59 0.92893048 A-4 126,799,000.00 120,515,323.60 0.00 2,727,867.74 0.00 0.00 2,727,867.74 117,787,455.86 0.92893048 X-A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 B-1 14,042,000.00 14,042,000.00 0.00 0.00 0.00 0.00 0.00 14,042,000.00 1.00000000 B-2 6,849,000.00 6,849,000.00 0.00 0.00 0.00 0.00 0.00 6,849,000.00 1.00000000 B-3 3,767,000.00 3,767,000.00 0.00 0.00 0.00 0.00 0.00 3,767,000.00 1.00000000 B-4 3,081,000.00 3,081,000.00 0.00 0.00 0.00 0.00 0.00 3,081,000.00 1.00000000 B-5 1,711,000.00 1,711,000.00 0.00 0.00 0.00 0.00 0.00 1,711,000.00 1.00000000 B-6 3,097,055.38 3,097,055.38 0.00 0.00 0.00 0.00 0.00 3,097,055.38 1.00000000 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00000000 --------------- -------------- ------------ ------------- --------- -------- ------------ -------------- ----------- Totals 685,012,155.38 658,793,668.10 0.00 8,809,583.84 0.00 0.00 8,809,583.84 649,984,084.27 0.94886504 --------------- -------------- ------------ ------------- --------- -------- ------------ -------------- -----------
Total Principal Class Distribution - ------ ------------ A-1A 600,909.16 A-1B 66,782.86 A-2 1,111,359.64 A-3A 3,872,398.00 A-3B 430,266.44 A-4 2,727,867.74 X-A 0.00 X-B 0.00 B-1 0.00 B-2 0.00 B-3 0.00 B-4 0.00 B-5 0.00 B-6 0.00 A-R 0.00 ------------ Totals 8,809,583.84 ------------
(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 Total Ending Original Face Certificate Principal Principal Realized Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- -------------- ------------- ------------ ------------ ---------- ---------- ----------- ------------- A-1A 110,000,000.00 969.22162218 0.00000000 5.46281055 0.00000000 0.00000000 5.46281055 963.75881164 A-1B 12,225,000.00 969.22162209 0.00000000 5.46281063 0.00000000 0.00000000 5.46281063 963.75881145 A-2 203,441,000.00 969.22162214 0.00000000 5.46281054 0.00000000 0.00000000 5.46281054 963.75881160 A-3A 180,000,000.00 950.44380161 0.00000000 21.51332222 0.00000000 0.00000000 21.51332222 928.93047944 A-3B 20,000,000.00 950.44380150 0.00000000 21.51332200 0.00000000 0.00000000 21.51332200 928.93047950 A-4 126,799,000.00 950.44380161 0.00000000 21.51332219 0.00000000 0.00000000 21.51332219 928.93047942 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 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 -------------- ------------- ------------ ------------ ---------- ---------- ----------- -------------
Ending Total Certificate Principal Class Percentage Distribution - ----- ----------- ------------ A-1A 0.96375881 5.46281055 A-1B 0.96375881 5.46281063 A-2 0.96375881 5.46281054 A-3A 0.92893048 21.51332222 A-3B 0.92893048 21.51332200 A-4 0.92893048 21.51332219 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 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 Non- Current Certificate/ Current of Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Total Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------ -------------- ----------- -------------- ------------ --------- --------- --------- -------- -------------- A-1A 110,000,000.00 2.81000% 106,614,378.44 249,655.34 0.00 0.00 0.00 0.00 249,655.34 A-1B 12,225,000.00 2.87000% 11,848,734.33 28,338.22 0.00 0.00 0.00 0.00 28,338.22 A-2 203,441,000.00 2.82000% 197,179,416.03 463,371.63 0.00 0.00 0.00 0.00 463,371.63 A-3A 180,000,000.00 2.57000% 171,079,884.29 366,396.09 0.00 0.00 0.00 0.00 366,396.09 A-3B 20,000,000.00 2.63000% 19,008,876.03 41,661.12 0.00 0.00 0.00 0.00 41,661.12 A-4 126,799,000.00 2.58000% 120,515,323.60 259,107.95 0.00 0.00 0.00 0.00 259,107.95 X-A 0.00 0.63828% 0.00 333,103.29 0.00 0.00 0.00 0.00 333,103.29 X-B 0.00 0.22631% 0.00 3,939.91 0.00 0.00 0.00 0.00 3,863.98 B-1 14,042,000.00 3.00000% 14,042,000.00 35,105.00 0.00 0.00 0.00 0.00 35,105.00 B-2 6,849,000.00 3.35000% 6,849,000.00 19,120.13 0.00 0.00 0.00 0.00 19,120.13 B-3 3,767,000.00 3.33670% 3,767,000.00 10,474.45 0.00 0.00 0.00 0.00 10,474.45 B-4 3,081,000.00 3.33670% 3,081,000.00 8,566.97 0.00 0.00 0.00 0.00 8,566.97 B-5 1,711,000.00 3.33670% 1,711,000.00 4,757.57 0.00 0.00 0.00 0.00 4,757.57 B-6 3,097,055.38 3.33670% 3,097,055.38 8,611.61 0.00 0.00 0.00 0.00 8,611.61 A-R 100.00 3.17784% 0.00 0.00 0.00 0.00 0.00 0.00 0.48 -------------- ----------- -------------- ------------ --------- --------- --------- -------- -------------- Totals 685,012,155.38 1,832,209.28 0.00 0.00 0.00 0.00 1,832,133.83 -------------- ----------- -------------- ------------ --------- --------- --------- -------- --------------
Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------ --------- -------------- A-1A 0.00 106,013,469.28 A-1B 0.00 11,781,951.47 A-2 0.00 196,068,056.39 A-3A 0.00 167,207,486.30 A-3B 0.00 18,578,609.59 A-4 0.00 117,787,455.86 X-A 0.00 617,437,028.89 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
Beginning Payment Non- Current Certificate/ Current of Unpaid Current Supported Class Original Face Certificate Notional Accrued Interest Interest Interest Realized Total Interest (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) Distribution - ------ -------------- ----------- ------------- ---------- ---------- ---------- ---------- ---------- -------------- A-1A 110,000,000.00 2.81000% 969.22162218 2.26959400 0.00000000 0.00000000 0.00000000 0.00000000 2.26959400 A-1B 12,225,000.00 2.87000% 969.22162209 2.31805481 0.00000000 0.00000000 0.00000000 0.00000000 2.31805481 A-2 203,441,000.00 2.82000% 969.22162214 2.27767082 0.00000000 0.00000000 0.00000000 0.00000000 2.27767082 A-3A 180,000,000.00 2.57000% 950.44380161 2.03553383 0.00000000 0.00000000 0.00000000 0.00000000 2.03553383 A-3B 20,000,000.00 2.63000% 950.44380150 2.08305600 0.00000000 0.00000000 0.00000000 0.00000000 2.08305600 A-4 126,799,000.00 2.58000% 950.44380161 2.04345421 0.00000000 0.00000000 0.00000000 0.00000000 2.04345421 X-A 0.00 0.63828% 959.81640813 0.51053051 0.00000000 0.00000000 0.00000000 0.00000000 0.51053051 X-B 0.00 0.22631% 1000.00000000 0.18859365 0.00000000 0.00000000 0.00000000 0.00000000 0.18495907 B-1 14,042,000.00 3.00000% 1000.00000000 2.50000000 0.00000000 0.00000000 0.00000000 0.00000000 2.50000000 B-2 6,849,000.00 3.35000% 1000.00000000 2.79166740 0.00000000 0.00000000 0.00000000 0.00000000 2.79166740 B-3 3,767,000.00 3.33670% 1000.00000000 2.78058136 0.00000000 0.00000000 0.00000000 0.00000000 2.78058136 B-4 3,081,000.00 3.33670% 1000.00000000 2.78058098 0.00000000 0.00000000 0.00000000 0.00000000 2.78058098 B-5 1,711,000.00 3.33670% 1000.00000000 2.78057861 0.00000000 0.00000000 0.00000000 0.00000000 2.78057861 B-6 3,097,055.38 3.33670% 1000.00000000 2.78057992 0.00000000 0.00000000 0.00000000 0.00000000 2.78057992 A-R 100.00 3.17784% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4.80000000 -------------- ----------- ------------- ---------- ---------- ---------- ---------- ---------- --------------
Remaining Ending Unpaid Certificate/ Class Interest Notational (5) Shortfall Balance - ------ ---------- ------------- A-1A 0.00000000 963.75881164 A-1B 0.00000000 963.75881145 A-2 0.00000000 963.75881160 A-3A 0.00000000 928.93047944 A-3B 0.00000000 928.93047950 A-4 0.00000000 928.93047942 X-A 0.00000000 946.31440597 X-B 0.00000000 1000.00000000 B-1 0.00000000 1000.00000000 B-2 0.00000000 1000.00000000 B-3 0.00000000 1000.00000000 B-4 0.00000000 1000.00000000 B-5 0.00000000 1000.00000000 B-6 0.00000000 1000.00000000 A-R 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 10,788,020.65 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 70,110.98 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,858,131.63 Withdrawals Reimbursement for Servicer Advances 4,305.10 Payment of Service Fee 212,108.86 Payment of Interest and Principal 10,641,717.67 ------------- Total Withdrawals (Pool Distribution Amount) 10,858,131.63 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 206,618.92 Master Servicing Fee 5,489.94 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 212,108.86 ==========
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 75.93 75.93 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 74 24,671,436.36 60 Days 0 0.00 90 Days 1 68,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 75 24,739,436.36 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.944563% 3.795677% 60 Days 0.000000% 0.000000% 90 Days 0.053305% 0.010462% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 3.997868% 3.806139%
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 74 24,671,436.36 60 Days 0 0.00 90 Days 1 68,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 75 24,739,436.36 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.944563% 3.795677% 60 Days 0.000000% 0.000000% 90 Days 0.053305% 0.010462% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- ------------- 3.997868% 3.806139% --------- -------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties Periodic Advance 70,110.98
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 32,547,055.38 4.75131063% 32,547,055.38 5.00736190% 94.992638% 0.000000% Class B-1 18,505,055.38 2.70142000% 18,505,055.38 2.84700131% 2.160361% 43.143688% Class B-2 11,656,055.38 1.70158373% 11,656,055.38 1.79328320% 1.053718% 21.043378% Class B-3 7,889,055.38 1.15166648% 7,889,055.38 1.21373055% 0.579553% 11.574012% Class B-4 4,808,055.38 0.70189344% 4,808,055.38 0.73971894% 0.474012% 9.466294% Class B-5 3,097,055.38 0.45211685% 3,097,055.38 0.47648173% 0.263237% 5.257004% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.476482% 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 27 10,029,886.91 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 -------- ------------- 27 10,029,886.91 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.047404% 3.038384% 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% -------- ------------- 3.047404% 3.038384%
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 27 10,029,886.91 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 -------- ------------- 27 10,029,886.91 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.047404% 3.038384% 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% -------- ------------- 3.047404% 3.038384%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 47 1,420,400.01 60 Days 0 0.00 90 Days 1 68,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 48 14,709,549.45 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 4.747475% 4.577177% 60 Days 0.000000% 0.000000% 90 Days 0.101010% 0.021258% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 4.848485% 4.598434%
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 47 1,420,400.01 60 Days 0 0.00 90 Days 1 68,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 48 14,709,549.45 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 4.747475% 4.577177% 60 Days 0.000000% 0.000000% 90 Days 0.101010% 0.021258% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 4.848485% 4.598434%
COLLATERAL STATEMENT
Collateral Description Mixed Arm - ------------------------------------------------ -------------- Weighted Average Gross Coupon 3.723611% Weighted Average Net Coupon 3.347252% Weighted Average Pass-Through Rate 3.337252% Weighted Average Maturity (Stepdown Calculation) 337 Beginning Scheduled Collateral Loan Count 1,893 Number of Loans Paid in Full 17 Ending Scheduled Collateral Loan Count 1,876 Beginning Scheduled Collateral Balance 658,793,668.11 Ending Scheduled Collateral Balance 649,984,084.27 Ending Actual Collateral Balance at 31-Jan-2005 649,987,697.86 Monthly P&I Constant 2,044,242.66 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,551,141.54 Scheduled Principal 0.00 Unscheduled Principal 8,809,583.84
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 3.780542 3.665814 3.723611 Weighted Average Net Rate 3.404799 3.288830 3.347252 Pass-Through Rate 3.394799 3.278829 3.337252 Weighted Average Maturity 333 340 337 Record Date 01/31/2005 01/31/2005 01/31/2005 Principal and Interest Constant 1,045,581.89 998,660.77 2,044,242.66 Beginning Loan Count 892 1,001 1,893 Loans Paid in Full 6 11 17 Ending Loan Count 886 990 1,876 Beginning Scheduled Balance 331,883,175.24 326,910,492.87 658,793,668.11 Ending Scheduled Balance 330,104,123.58 319,879,960.69 649,984,084.27 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 1,779,051.66 7,030,532.18 8,809,583.84 Scheduled Interest 1,045,581.89 998,660.77 2,044,242.66 Servicing Fee 103,918.88 102,700.04 206,618.92 Master Servicing Fee 2,765.69 2,724.25 5,489.94 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 938,897.32 893,236.48 1,832,133.80 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 235,661,554.30 Six Month Libor Loan Balance 94,442,569.28 Principal Transfer 0.00 Interest Transfer 0.00 Pro Rata Senior Percent 95.106517% 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 95.011965% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%