Wells Fargo Bank Minnesota, N.A. SMT Series 2004-11 Certificateholder Distribution Statement (January 2005)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2004-11 trust. It details the interest and principal payments made to certificateholders as of January 31, 2005, with distributions occurring on February 22, 2005. The statement lists each certificate class, their balances, interest rates, and payment amounts, confirming that all distributions were calculated according to the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f06800bexv10w1.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 2004-11 RECORD DATE: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Current Class CUSIP Description Rate Certificate Balance Distribution Distribution Realized Loss - ----- --------- ----------- ------------ ------------------- ------------ ------------ ------------- A-1 81744FFJ1 SEN 2.80000% 425,937,723.02 993,854.69 5,085,517.75 0.00 A-2 81744FFK8 SEN 2.87000% 846,98,817.53 203,260.14 2,399,788.42 0.00 A-3 81744FFL6 SEN 2.80000% 165,891,511.00 387,080.19 1,313,420.17 0.00 X-A1 81744FFM4 IO 0.59935% 0.00 255,184.95 0.00 0.00 X-A2 81744FFN2 IO 0.98855% 0.00 136,660.17 0.00 0.00 X-B 81744FFP7 IO 0.36265% 0.00 4,542.54 0.00 0.00 B-1 81744FFR3 SUB 3.00000% 8,947,000.00 22,367.50 0.00 0.00 B-2 81744FFS1 SUB 3.35000% 6,084,000.00 16,984.50 0.00 0.00 B-3 81744FFT9 SUB 3.50432% 4,294,000.00 12,539.63 0.00 0.00 B-4 81744FFU6 SUB 3.50432% 1,431,000.00 4,178.90 0.00 0.00 B-5 81744FFV4 SUB 3.50432% 1,431,000.00 4,178.90 0.00 0.00 B-6 81744FFW2 SUB 3.50432% 2,865,425.69 8,367.81 0.00 0.00 A-R 81744FFQ5 RES 3.39334% 0.00 0.00 0.00 0.00 ---------------- ------------ ------------ -------- Totals 701,868,477.24 2,049,200.42 8,798,726.34 0.00 ---------------- ------------ ------------ -------- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - ----- --------- ------------------ ------------- ------------- A-1 81744FFJ1 420,852,205.27 6,079,372.44 0.00 A-2 81744FFK8 82,587,029.11 2,603,048.56 0.00 A-3 81744FFL6 164,578,090.83 1,700,500.36 0.00 X-A1 81744FFM4 0.00 255,184.95 0.00 X-A2 81744FFN2 0.00 136,660.17 0.00 X-B 81744FFP7 0.00 4,542.54 0.00 B-1 81744FFR3 8,947,000.00 22,367.50 0.00 B-2 81744FFS1 6,084,000.00 16,984.50 0.00 B-3 81744FFT9 4,294,000.00 12,539.63 0.00 B-4 81744FFU6 1,431,000.00 4,178.90 0.00 B-5 81744FFV4 1,431,000.00 4,178.90 0.00 B-6 81744FFW2 2,865,425.69 8,367.81 0.00 A-R 81744FFQ5 0.00 0.00 0.00 ---------------- ------------- --------- Totals 693,069,750.90 10,847,926.76 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 Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ----- -------------- -------------- ------------ ------------ --------- -------- --------------- A-1 433,985,000.00 425,937,723.02 0.00 5,085,517.75 0.00 0.00 5,085,517.75 A-2 86,036,000.00 84,986,817.53 0.00 2,399,788.42 0.00 0.00 2,399,788.42 A-3 170,694,000.00 165,891,511.00 0.00 1,313,420.17 0.00 0.00 1,313,420.17 X-A1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-A2 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 B-1 8,947,000.00 8,947,000.00 0.00 0.00 0.00 0.00 0.00 B-2 6,084,000.00 6,084,000.00 0.00 0.00 0.00 0.00 0.00 B-3 4,294,000.00 4,294,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,431,000.00 1,431,000.00 0.00 0.00 0.00 0.00 0.00 B-5 1,431,000.00 1,431,000.00 0.00 0.00 0.00 0.00 0.00 B-6 2,865,425.69 2,865,425.69 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------ ------- ------ ------------- Totals 715,767,525.69 701,868,477.24 0.00 8,798,726.34 0.00 0.00 8,798,726.34 -------------- -------------- -------- ------------ ------- ------ ------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----- ------------------ ------------------ --------------- A-1 420,852,205.27 0.96973906 5,085,517.75 A-2 82,587,029.11 0.95991247 2,399,788.42 A-3 164,578,090.83 0.96417033 1,313,420.17 X-A1 0.00 0.00000000 0.00 X-A2 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 B-1 8,947,000.00 1.00000000 0.00 B-2 6,084,000.00 1.00000000 0.00 B-3 4,294,000.00 1.00000000 0.00 B-4 1,431,000.00 1.00000000 0.00 B-5 1,431,000.00 1.00000000 0.00 B-6 2,865,425.69 1.00000000 0.00 A-R 0.00 0.00000000 0.00 ---------------- -------------- ------------- Totals 693,069,750.90 0.96828890 8,798,726.34 ---------------- -------------- -------------
(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 Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----- -------------- -------------- ------------ ------------ ---------- -------- --------------- A-1 433,985,000900 981.45724626 0.00000000 11.71818784 0.00000000 0.00000000 11.71818784 A-2 86,036,000.00 987.80530859 0.00000000 27.89284044 0.00000000 0.00000000 27.89284044 A-3 170,694,000.00 971.86492202 0.00000000 7.69458897 0.00000000 0.00000000 7.69458897 X-A1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 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 B-1 8,947,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,084,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,294,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,431,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,431,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,865,425.69 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ----- ------------------ ----------- --------------- A-1 969.73905842 0.96973906 11.71818784 A-2 959.91246815 0.95991247 27.89284044 A-3 964.17033305 0.96417033 7.69458897 X-A1 0.00000000 0.00000000 0.00000000 X-A2 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000 A-R 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-1 433,985,000.00 2.80000% 425,937,723.02 993.854.69 0.00 0.00 0.00 0.00 A-2 80,036,000.00 2.87000% 84,986,817.53 203,260.14 0.00 0.00 0.00 0.00 A-3 170,694,000.00 2.80000% 165,891,511.00 387,080.19 0.00 0.00 0.00 0.00 X-A1 0.00 0.59935% 510,924,540.55 255,184.95 0.00 0.00 0.00 0.00 X-A2 0.00 0.98855% 165,891,511.00 136,660.17 0.00 0.00 0.00 0.00 X-B 0.00 0.36265% 15,031,000.00 4,542.54 0.00 0.00 0.00 0.00 B-1 8,947,000.00 3.00000% 8,947,000.00 22,367.50 0.00 0.00 0.00 0.00 B-2 6,084,000.00 3.35000% 6,084,000.00 16,984.50 0.00 0.00 0.00 0.00 B-3 4,294,000.00 3.50432% 4,294,000.00 12,539.63 0.00 0.00 0.00 0.00 B-4 1,431,000.00 3.50432% 1,431,000.00 4,178.90 0.00 0.00 0.00 0.00 B-5 1,431,000.00 3.50432% 1,431,000.00 4,178.90 0.00 0.00 0.00 0.00 B-6 2,865,425.69 3.50432% 2,865,425.69 8,367.81 0.00 0.00 0.00 0.00 A-R 100.00 3.39334% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ------- ------ ------- ------ Totals 715,767,525.69 2,049,199.92 0.00 0.00 0.00 0.00 -------------- ------------ ------- ------ ------- ------ Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- -------------- --------- -------------- A-1 993.854.69 0.00 420,852,205.27 A-2 203,260.14 0.00 82,587,029.11 A-3 387,080.19 0.00 164,578,090.83 X-A1 255,184.95 0.00 503,439,234.38 X-A2 136,660.17 0.00 164,578,090.83 X-B 4,542.54 0.00 15,031,000.00 B-1 22,367.50 0.00 8,947,000.00 B-2 16,984.50 0.00 6,084,000.00 B-3 12,539.63 0.00 4,294,000.00 B-4 4,178.90 0.00 1,431,000.00 B-5 4,178.90 0.00 1,431,000.00 B-6 8,367.81 0.00 2,865,425.69 A-R 0.50 0.00 0.00 ------------ ------- Totals 2,049,200.42 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-1 433,985,000.00 2.80000% 981.45724626 2.29006691 0.00000000 0.00000000 0.00000000 0.00000000 A-2 86,036,000.00 2.87000% 987.80530859 2.36250105 0.00000000 0.00000000 0.00000000 0.00000000 A-3 170,694,000.00 2.80000% 971.86492202 2.26768480 0.00000000 0.00000000 0.00000000 0.00000000 X-A1 0.00 0.59935% 982.50751518 0.49072047 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 0.98855% 971.86492202 0.80061496 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.36265% 1000.00000000 0.30221143 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,947,000.00 3.00000% 1000.00000000 2.50000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,084,000.00 3.35000% 1000.00000000 2.79166667 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,294,000.00 3.50432% 1000.00000000 2.92026782 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,431,000.00 3.50432% 1000.00000000 2.92026555 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,431,000.00 3.50432% 1000.00000000 2.92026555 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,865,425.69 3.50432% 1000.00000000 2.92026767 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.39334% 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 2.29006691 0.00000000 969.73905842 A-2 2.36250105 0.00000000 959.91246815 A-3 2.26768480 0.00000000 964.17033305 X-A1 0.49072047 0.00000000 968.11327693 X-A2 0.80061496 0.00000000 964.17033305 X-B 0.30221143 0.00000000 1000.00000000 B-1 2.50000000 0.00000000 1000.00000000 B-2 2.79166667 0.00000000 1000.00000000 B-3 2.92026782 0.00000000 1000.00000000 B-4 2.92026555 0.00000000 1000.00000000 B-5 2.92026555 0.00000000 1000.00000000 B-6 2.92026767 0.00000000 1000.00000000 A-R 5.00000000 0.00000000 0.00000000
(5) Per $1 denomination (6) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 11,041,392.51 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 76,720.29 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 11,118,112.80 Withdrawals Reimbursement for Servicer Advances 62,389.85 Payment of Service Fee 207,796.19 Payment of Interest and Principal 10,847,926.76 ------------- Total Withdrawals (Pool Distribution Amount) 11,118,112.80 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 202,239.73 Master Servicing Fee 5,556.46 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 207,796.19 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- Class X-A1 Pool 1 Comp. Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-A1 Pool 2 Comp. Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-A2 Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-B Sub Amount 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 63 22,404,072.48 60 Days 8 2,786,149.20 90 Days 1 79,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 72 25,269,221.68 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.298429% 3.232580% 60 Days 0.418848% 0.402001% 90 Days 0.052356% 0.011399% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 3.769634% 3.645979%
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 63 22,404,072.48 60 Days 8 2,786,149.20 90 Days 1 79,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 72 25,269,221.68 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.298429% 3.232580% 60 Days 0.418848% 0.402001% 90 Days 0.052356% 0.011399% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 3.769634% 3.645979%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 76,720.29
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 25,052,425.69 3.50007856% 25,052,425.69 3.61470482% 96.385295% 0.000000% Class B-1 16,105,425.69 2.25009170% 16,105,425.69 2.32378136% 1.290923% 35.713109% Class B-2 10,021,425.69 1.40009505% 10,021,425.69 1.44594764% 0.877834% 24.285074% Class B-3 5,727,425.69 0.80017959% 5,727,425.69 0.82638518% 0.619562% 17.140057% Class B-4 4,296,425.69 0.60025435% 4,296,425.69 0.61991245% 0.206473% 5.712022% Class B-5 2,865,425.69 0.40032910% 2,865,425.69 0.41343973% 0.206473% 5.712022% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.413440% 11.437718%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT POOL ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 41 15,349,228.96 60 Days 4 1,310,408.07 90 Days 1 79,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 46 16,738,637.03 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.534483% 3.515676% 60 Days 0.344828% 0.300143% 90 Days 0.086207% 0.018095% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 3.965517% 3.833915%
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 41 15,349,228.96 60 Days 4 1,310,408.07 90 Days 1 79,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 46 16,738,637.03 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.534483% 3.515676% 60 Days 0.344828% 0.300143% 90 Days 0.086207% 0.018095% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 3.965517% 3.833915%
POOL TWO DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 8 2,889,343.28 60 Days 1 918,750.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 9 3,808,093.28 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.418803% 3.371156% 60 Days 0.427350% 1.071956% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 3.846154% 4.443112%
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 8 2,889,343.28 60 Days 1 918,750.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 9 3,808,093.28 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.418803% 3.371156% 60 Days 0.427350% 1.071956% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 3.846154% 4.443112%
DELINQUENT POOL THREE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 14 4,165,500.24 60 Days 3 556,991.13 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 17 4,722,491.37 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.713178% 2.439258% 60 Days 0.581395% 0.326166% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 3.294574% 2.765424%
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 14 4,165,500.24 60 Days 3 556,991.13 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 17 4,722,491.37 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.713178% 2.439258% 60 Days 0.581395% 0.326166% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 3.294574% 2.765424%
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed Arm Weighted Average Gross Coupon 3.858837% Weighted Average Net Coupon 3.513063% Weighted Average Pass-Through Rate 3.503563% Weighted Average Maturity (Stepdown Calculation) 301 Beginning Scheduled Collateral Loan Count 1,929 Number of Loans Paid in Full 19 Ending Scheduled Collateral Loan Count 1,910 Beginning Scheduled Collateral Balance 701,868,477.24 Ending Scheduled Collateral Balance 693,069,750.90 Ending Actual Collateral Balance at 31-Jan-2005 693,070,869.75 Monthly P&I Constant 2,256,996.42 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,774,766.48 Scheduled Principal 0.00 Unscheduled Principal 8,798,726.34
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO
GROUP POOL ONE POOL TWO POOL THREE TOTAL Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Fixed & Mixed ARM Weighted Average Coupon Rate 3.803709 3.765634 4.048051 3.858837 Weighted Average Net Rate 3.426451 3.390634 3.798051 3.513063 Pass-Through Rate 3.416951 3.381134 3.788551 3.503563 Weighted Average Maturity 331 335 208 301 Record Date 01/31/2005 01/31/2005 01/31/2005 01/31/2005 Principal and Interest Constant 1,400,013.20 276,483.97 580,499.25 2,256,996.24 Beginning Loan Count 1,169 239 521 1,929 Loans Paid in Full 9 5 5 10 Ending Loan Count 1,160 234 516 1,910 Beginning Scheduled Balance 441,678,340.17 88,107,534.79 172,082,602.28 701,868,477.24 Ending Scheduled Balance 436,592,822.42 85,707,746.37 170,769,182.11 693,069,750.90 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 5,085,517.75 2,399,788.42 1,313,420.17 8,798,726.34 Scheduled Interest 1,400,013.20 276,483.97 580,499.25 2,256,996.42 Servicing Fee 138,855.59 27,533.60 35,850.54 202,239.73 Master Servicing Fee 3,496.62 697.52 1,362.32 5,556.46 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 1,257,660.99 248,252.85 543,286.39 2,049,200.23 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group Pool One One Month Libor Loan Balance 218,208,204.71 Six Month Libor Loan Balance 218,384,617.71 Principal Transfer Amount 0.00 Pro Rata Senior Percent 96.436181% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Interest Transfer Amount 0.00 Group Pool Two Principal Transfer Amount 0.00 Pro Rata Senior Percent 96.458059% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Interest Transfer Amount 0.00 Group Pool Three One Month Libor Loan Balance 85,435,951.10 Six Month Libor Loan Balance 85,333,231.01 Principal Transfer Amount 0.00 Pro Rata Senior Percent 96.402256% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Interest Transfer Amount 0.00