Certificateholder Distribution Statement for SMT Series 2004-8 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2004-8 trust. It details the interest and principal payments made to holders of various classes of certificates as of the February 28, 2005 record date and March 21, 2005 distribution date. The statement summarizes the amounts distributed, current balances, and any realized losses, as calculated under the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 2 f07714eexv10w1.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 2004-8 RECORD DATE: FEBRUARY 28, 2005 DISTRIBUTION DATE: MARCH 21, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ------ --------- ----------- ------------ -------------- ------------ ------------- A-1 81744FDJ3 SEN 2.94813% 332,174,554.68 816,078.14 4,669,602.28 A-2 81744FDK0 SEN 3.45000% 378,988,578.00 1,089,592.16 11,745,511.20 X-A 81744FDL8 IO 0.68998% 0.00 408,906.82 0.00 X-B 81744FDM6 IO 0.66096% 0.00 13,549.62 0.00 B-1 81744FDP9 SUB 3.11813% 16,400,000.00 42,614.44 0.00 B-2 81744FDQ7 SUB 3.49813% 8,200,000.00 23,903.89 0.00 B-3 81744FDR5 SUB 3.90575% 4,100,000.00 13,344.66 0.00 B-4 81744FDS3 SUB 3.90575% 2,460,000.00 8,006.79 0.00 B-5 81744FDT1 SUB 3.90575% 2,050,000.00 6,672.33 0.00 B-6 81744FDU8 SUB 3.90575% 3,690,645.34 12,012.29 0.00 A-R 81744FDN4 SEN 3.09244% 0.00 0.52 0.00 ------- -------------- ------------ ------------- Totals 748,063,778.02 2,434,681.66 16,415,113.48 -------------- ------------ ------------- Ending Current Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ------ --------- ------------- -------------- ------------- ------------- A-1 81744FDJ3 0.00 327,504,952.40 5,485,680.42 0.00 A-2 81744FDK0 0.00 367,243,066.80 12,835,103.36 0.00 X-A 81744FDL8 0.00 0.00 408,906.82 0.00 X-B 81744FDM6 0.00 0.00 13,549.62 0.00 B-1 81744FDP9 0.00 16,400,000.00 42,614.44 0.00 B-2 81744FDQ7 0.00 8,200,000.00 23,903.89 0.00 B-3 81744FDR5 0.00 4,100,000.00 13,344.66 0.00 B-4 81744FDS3 0.00 2,460,000.00 8,006.79 0.00 B-5 81744FDT1 0.00 2,050,000.00 6,672.33 0.00 B-6 81744FDU8 0.00 3,690,645.34 12,012.29 0.00 A-R 81744FDN4 0.00 0.00 0.52 0.00 ---- -------------- ------------- ---- Totals 0.00 731,648,664.54 18,849,795.14 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-1 365,049,000.00 332,174,554.68 0.00 4,669,602.28 0.00 0.00 A-2 418,050,000.00 378,988,578.00 188.75 11,745,322.45 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 16,400,000.00 16,400,000.00 0.00 0.00 0.00 0.00 B-2 8,200,000.00 8,200,000.00 0.00 0.00 0.00 0.00 B-3 4,100,000.00 4,100,000.00 0.00 0.00 0.00 0.00 B-4 2,460,000.00 2,460,000.00 0.00 0.00 0.00 0.00 B-5 2,050,000.00 2,050,000.90 0.00 0.00 0.00 0.00 B-6 3,690,645.34 3,690,645.34 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ------ ------------- ---- ---- Totals 819,999,745.34 748,063,778.02 188.75 16,414,924.73 0.00 0.00 -------------- -------------- ------ ------------- ---- ---- Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ ------------- -------------- ----------- --------------- A-1 4,669,602.28 357,504,952.40 0.89715340 4,669,602.28 A-2 11,745,511.20 367,243,066.80 0.87846685 11,745,511.20 X-A 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 16,400,000.00 1.00000000 0.00 B-2 0.00 8,200,000.00 1.00000000 0.00 B-3 0.00 4,100,000.00 1.00000000 0.00 B-4 0.00 2,460,000.00 1.00000000 0.00 B-5 0.00 2,050,000.00 1.00000000 0.00 B-6 0.00 3,690,645.34 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 16,415,113.48 731,648,664.54 0.89225475 16,415,113.48 ------------- -------------- ---------- -------------
(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-1 365,049,000.00 909.94511608 0.00000000 12.79171366 0.00000000 0.00000000 A-2 418,050,000.00 906.56279871 0.00045150 28.09549683 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 16,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,460,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,050,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,690,645.34 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 Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- ----------- ------------- ----------- --------------- A-1 12.79171366 897.15340242 0.89715340 12.79171366 A-2 28.09594833 878.46685038 0.87846685 28.09594833 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 Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------ -------------- ----------- -------------- ------------ ---------- --------- ------------- -------- A-1 365,049,000.00 2.94813% 332,174,554.68 816,078.14 0.00 0.00 0.00 0.00 A-2 418,050,000.00 3.45000% 378,988,578.00 1,089,592.16 0.00 0.00 0.00 0.00 X-A 0.00 0.68998% 711,163,132.68 408,906.82 0.00 0.00 0.00 0.00 X-B 0.00 0.66096% 24,600,000.00 13,549.62 0.00 0.00 0.00 0.00 B-1 16,400,000.00 3.11813% 16,400,000.00 42,614.44 0.00 0.00 0.00 0.00 B-2 8,200,000.00 3.49813% 8,200,000.00 23,903.89 0.00 0.00 0.00 0.00 B-3 4,100,000.00 3.90575% 4,100,000.00 13,344.66 0.00 0.00 0.00 0.00 B-4 2,460,000.00 3.90575% 2,460,000.00 8,006.79 0.00 0.00 0.00 0.00 B-5 2,050,000.00 3.90575% 2,050,000.00 6,672.33 0.00 0.00 0.00 0.00 B-6 3,690,645.34 3.90575% 3,690,645.34 12,012.29 0.00 0.00 0.00 0.00 A-R 100.00 3.09244% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- ---- Totals 819,999,745.34 2,434,681.14 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 816,078.14 0.00 327,504,952.40 A-2 1,089,592.16 0.00 367,243,066.80 X-A 408,906.82 0.00 694,748,019.20 X-B 13,549.62 0.00 24,600,000.00 B-1 42,614.44 0.00 16,400,000.00 B-2 23,903.89 0.00 8,200,000.00 B-3 13,344.66 0.00 4,100,000.00 B-4 8,006.79 0.00 2,460,000.00 B-5 6,672.33 0.00 2,050,000.00 B-6 12,012.29 0.00 3,690,645.34 A-R 0.52 0.00 0.00 -------------- ---- -------------- Totals 2,434,681.66 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 Non-Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- -------------- ----------- ---------------- --------------- ---------- ---------- ------------- ---------- A-1 365,049,000.00 2.94813% 909.94511608 2.23553041 0.00000000 0.00000000 0.00000000 0.00000000 A-2 418,050,000.00 3.45000% 906.56279871 2.60636804 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.68998% 908.13949792 0.52216491 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.66096% 1000.00000000 0.55079756 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,400,000.00 3.11813% 1000.00000000 2.59844146 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,200,000.00 3.49813% 1000.00000000 2.91510854 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,100,000.00 3.90575% 1000.00000000 3.25479512 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,460,000.00 3.90575% 1000.00000000 3.25479268 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,050,000.00 3.90575% 1000.00000000 3.25479512 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,690,645.34 3.90575% 1000.00000000 3.25479392 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.09244% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 -------------- ------- ------------- ---------- ---------- ---------- ---------- ---------- Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- A-1 2.23553041 0.00000000 897.15340242 A-2 2.60636804 0.00000000 878.46685038 X-A 0.52216491 0.00000000 887.17776322 X-B 0.55079756 0.00000000 1000.00000000 B-1 2.59844146 0.00000000 1000.00000000 B-2 2.91510854 0.00000000 1000.00000000 B-3 3.25479512 0.00000000 1000.00000000 B-4 3.25479268 0.00000000 1000.00000000 B-5 3.25479512 0.00000000 1000.00000000 B-6 3.25479392 0.00000000 1000.00000000 A-R 5.20000000 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 19,018,789.89 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 70,314.39 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 19,089,104.28 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 239,309.14 Payment of Interest and Principal 18,849,795.14 ------------- Total Withdrawals (Pool Distribution Amount) 19,089,104.28 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 234,633.74 Master Servicing Fee 4,675.40 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 239,309.14 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------- --------- ----------- -------- -------- Class X-A Pool 1 Comp Sub Account 4,500.00 0.00 0.00 4,500.00 Class X-A Pool 2 Comp Sub Account 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 Loans Principal Balance 0-29 Days 0 0.00 30 Days 48 19,421,973.75 60 Days 1 1,199,750.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------------- 49 20,621,723.75 No. of Loans Principal Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.252464% 2.654542% 60 Days 0.046926% 0.163979% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 2.299390% 2.818520%
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 1 160,000.00 150 Days 2 252,300.16 180+ Days 0 0.00 -- ---------- 3 412,300.16 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 0.046926% 0.021868% 150 Days 0.093853% 0.034484% 180+ Days 0.000000% 0.000000% -------- -------- 0.140779% 0.056352%
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 Loans Principal Balance 0-29 Days 0 0.00 30 Days 48 19,421,973.75 60 Days 1 1,199,750.00 90 Days 0 0.00 120 Days 1 160,000.00 150 Days 2 252,300.16 180+ Days 0 0.00 -- ------------- 52 21,034,023.91 No. of Loans Principal Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.252464% 2.654542% 60 Days 0.046926% 0.163979% 90 Days 0.000000% 0.000000% 120 Days 0.046926% 0.021868% 150 Days 0.093853% 0.034484% 180+ Days 0.000000% 0.000000% -------- -------- 2.440169% 2.874872%
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 36,900,645.34 4.50008061% 36,900,645.34 5.04349248% 94.956508% 0.000000% Class B-1 20,500,645.34 2.50007976% 20,500,645.34 2.80197947% 2.241513% 44.443667% Class B-2 12,300,645.34 1.50007934% 12,300,645.34 1.68122296% 1.120757% 22.221834% Class B-3 8,200,645.34 1.00007912% 8,200,645.34 1.12084471% 0.560378% 11.110917% Class B-4 5,740,645.34 0.70007900% 5,740,645.34 0.78461776% 0.336227% 6.666550% Class B-5 3,690,645.34 0.45007889% 3,690,645.34 0.50442863% 0.280189% 5.555458% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.504429% 10.001574%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT No. of POOL ONE Loans Principal Balance 0-29 Days 0 0.00 30 Days 20 9,714,269.96 60 Days 1 1,199,750.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------- 21 10,914,019.96 No. of Loans Principal Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.057613% 2.818128% 60 Days 0.102881% 0.348050% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 2.160494% 3.166177%
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 Balance Loans 0-29 Days 0 0.00 30 Days 20 9,714,269.96 60 Days 1 1,199,750.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------- 21 10,914,019.96 No. of Principal Balance Loans 0-29 Days 0.000000% 0.000000% 30 Days 2.057613% 2.818128% 60 Days 0.102881% 0.348050% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 2.160494% 3.166177%
DELINQUENT No. of POOL TWO Loans Principal Balance 0-29 Days 0 0.00 30 Days 28 9,707,703.79 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 -- ------------ 28 9,707,703.79 No. of Loans Principal Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.415876% 2.508812% 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% -------- -------- 2.415876% 2.508812%
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 1 160,000.00 150 Days 2 252,300.16 180+ Days 0 0.00 -- ---------- 3 412,300.16 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 0.086281% 0.041350% 150 Days 0.172563% 0.065203% 180+ Days 0.000000% 0.000000% -------- -------- 0.258844% 0.106553%
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 Loans Principal Balance 0-29 Days 0 0.00 30 Days 28 9,707,703.79 60 Days 0 0.00 90 Days 0 0.00 120 Days 1 160,000.00 150 Days 2 252,300.16 180+ Days 0 0.00 -- ------------- 31 10,120,003.95 No. of Loans Principal Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.415876% 2.508812% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.086281% 0.041350% 150 Days 0.172563% 0.065203% 180+ Days 0.000000% 0.000000% -------- -------- 2.674720% 2.615365%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 4.289458% Weighted Average Net Coupon 3.913073% Weighted Average Pass-Through Rate 3.905573% Weighted Average Maturity (Stepdown Calculation) 335 Beginning Scheduled Collateral Loan Count 2,164 Number of Loans Paid in Full 33 Ending Scheduled Collateral Loan Count 2,131 Beginning Scheduled Collateral Balance 748,063,778.02 Ending Scheduled Collateral Balance 731,648,664.54 Ending Actual Collateral Balance at 28-Feb-2005 731,650,701.63 Monthly P&I Constant 2,674,179.11 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 18,729,690.60 Scheduled Principal 188.75 Unscheduled Principal 16,414,924.73
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO
GROUP POOL 1 POOL 2 TOTAL Collateral Description Mixed ARM 1 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.180528 4.384915 4.289458 Weighted Average Net Rate 3.803578 4.009024 3.913073 Pass-Through Rate 3.796078 4.001524 3.905573 Weighted Average Maturity 333 337 335 Record Date 02/28/2005 02/28/2005 02/28/2005 Principal and Interest Constant 1,217,147.48 1,457,031.63 2,674,179.11 Beginning Loan Count 982 1,182 2,164 Loans Paid in Full 10 23 33 Ending Loan Count 972 1,159 2,131 Beginning Scheduled Balance 349,376,155.59 398,687,622.43 748,063,778.02 Ending Scheduled Balance 344,706,553.31 386,942,111.23 731,648,664.54 Scheduled Principal 0.00 188.75 188.75 Unscheduled Principal 4,669,602.28 11,745,322.45 16,414,924.73 Scheduled Interest 1,217,147.48 1,456,842.88 2,673,990.36 Servicing Fee 109,747.83 124,885.91 234,633.74 Master Servicing Fee 2,183.60 2,491.80 4,675.40 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 1,105,216.05 1,329,465.17 2,434,681.22 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 Pool One One-Month LIBOR Loan Balance 193,337,291.78 Six-Month LIBOR Loan Balance 151,369,261.53 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.076481% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Pool Two Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.059028% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%