Wells Fargo Bank Minnesota, N.A. SMT Series 2004-12 Certificateholder Distribution Statement (December 2004)

Contract Categories: Business Finance › Trust Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2004-12 trust. It summarizes the principal and interest payments made to certificateholders as of December 31, 2004, with distributions occurring on January 20, 2005. 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 are reported for this period.

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EX-10.1 2 f05544mexv10w1.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 2004-12 RECORD DATE: DECEMBER 31, 2004 DISTRIBUTION DATE: JANUARY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Class CUSIP Description Rate Certificate Balance Distribution - ------ --------- ----------- ------------ ------------------- ------------- A-1 81744FFY8 SEN 2.68313% 380,510,000.00 794,078.29 A-2 81744FFZ5 SEN 3.04000% 208,392,000.00 492,731.31 A-3 81744FGZ9 SEN 3.07000% 218,330,615.00 521,324.99 X-A1 81744FGC5 IO 0.73827% 0.00 362,305.87 X-A2 81744FGD3 IO 0.47210% 0.00 85,894.62 X-B 81744FGF8 IO 0.19315% 0.00 2,095.41 B-1 81744FGG6 SUB 2.91313% 8,588,000.00 19,458.41 B-2 81744FGH4 SUB 3.26313% 6,134,000.00 15,568.03 B-3 81744FGJ0 SUB 3.66313% 3,680,000.00 10,484.69 B-4 81744FGK7 SUB 3.36039% 2,453,000.00 6,869.19 B-5 81744FGK7 SUB 3.36039% 920,000.00 2,576.30 B-6 81744FGL5 SUB 3.36039% 2,762,778.00 7,736.67 A-R 81744FGE1 RES 3.33123% 100.00 3,926.81 - ------ -------------- ------------ Totals 831,770,493.00 2,325,050.59 ====== ============== ============
Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------- ------------- ------------------ ------------- ------------- A-1 3,827,518.46 0.00 376,682,481.54 4,621,596.75 0.00 A-2 3,274,584.98 0.00 205,117,415.02 3,767,316.29 0.00 A-3 6,044,586.44 0.00 212,286,028.56 6,565,911.43 0.00 X-A1 0.00 0.00 0.00 362,305.87 0.00 X-A2 0.00 0.00 0.00 85,894.62 0.00 X-B 0.00 0.00 0.00 2,095.41 0.00 B-1 0.00 0.00 8,588,000.00 19,458.41 0.00 B-2 0.00 0.00 6,134,000.00 15,568.03 0.00 B-3 0.00 0.00 3,680,000.00 10,484.69 0.00 B-4 0.00 0.00 2,453,000.00 6,869.19 0.00 B-5 0.00 0.00 920,000.00 2,576.30 0.00 B-6 0.00 0.00 2,762,778.00 7,736.67 0.00 A-R 100.00 0.00 0.00 4,026.81 0.00 - ------ ------------- ---- -------------- ------------- ---- Totals 13,146,789.88 0.00 818,623,703.12 15,471,840.47 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 Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------- --------- A-1 380,510,000.00 380,510,000.00 1,146.332 3,826,372.14 0.00 A-2 208,392,000.00 208,392,000.00 583.50 3,274,001.48 0.00 A-3 218,330,615.00 218,330,615.00 0.00 6,044,586.44 0.00 X-A1 0.00 0.00 0.00 0.00 0.00 X-A2 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 B-1 8,588,000.00 8,588,000.00 0.00 0.00 0.00 B-2 6,134,000.00 6,134,000.00 0.00 0.00 0.00 B-3 3,680,000.00 3,680,000.00 0.00 0.00 0.00 B-4 2,453,000.00 2,453,000.00 0.00 0.00 0.00 B-5 920,000.00 920,000.00 0.00 0.00 0.00 B-6 2,762,778.00 2,762,778.00 0.00 0.00 0.00 A-R 100.00 100.00 0.03 99.97 0.00 - ------ -------------- -------------- --------- ------------- ---- Totals 831,770,493.00 831,770,493.00 1,729.85 13,145,060.03 0.00 ====== ============== ============== ========= ============= ====
Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- --------------- ------------------ ------------------ --------------- A-1 0.00 3,827,518.46 376,682,481.54 0.98994108 3,827,518.46 A-2 0.00 3,274,584.98 205,117,415.02 0.98428642 3,274,584.98 A-3 0.00 6,044,586.44 212,286,028.56 0.97231453 6,044,586.44 X-A1 0.00 0.00 0.00 0.00000000 0.00 X-A2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 8,588,000.00 1.00000000 0.00 B-2 0.00 0.00 6,134,000.00 1.00000000 0.00 B-3 0.00 0.00 3,680,000.00 1.00000000 0.00 B-4 0.00 0.00 2,453,000.00 1.00000000 0.00 B-5 0.00 0.00 920,000.00 1.00000000 0.00 B-6 0.00 0.00 2,762,778.00 1.00000000 0.00 A-R 0.00 100.00 0.00 0.00000000 100.00 - ------ ---- ------------- -------------- ---------- ------------- Totals 0.00 13,146,789.88 818,623,703.12 0.98419421 13,146,789.88 ====== ==== ============= ============== ========== =============
(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 Class Amount Balance Distribution Distribution Accretion - ----- -------------- ------------- ------------ ------------ ---------- A-1 380,510,000.00 1000.00000000 0.00301259 10.05590429 0.00000000 A-2 208,392,000.00 1000.00000000 0.00280001 15.71078295 0.00000000 A-3 218,330,615.00 1000.00000000 0.00000000 27.68547343 0.00000000 X-A1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,588,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 6,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,680,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,762,778.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.30000000 999.70000000 0.00000000
Ending Realized Total Principal Ending Certificate Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ----- ---------- --------------- ------------------ ----------- --------------- A-1 0.00000000 10.05891687 989.94108313 0.98994108 10.05891687 A-2 0.00000000 15.71358296 984.28641704 0.98428642 15.71358296 A-3 0.00000000 27.68547343 972.31452657 0.97231453 27.68547343 X-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 1000.00000000 0.00000000 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 Certificate/ Current Unpaid Original Face Current Notional Accrued Interest Class Amount Certificate Rate Balance Interest Shortfall - ------ -------------- ---------------- -------------- ------------ ---------- A-1 380,510,000.00 2.68313% 380,510,000.00 794,078.29 0.00 A-2 208,392,000.00 3.04000% 208,392,000.00 492,731.31 0.00 A-3 218,330,615.00 3.07000% 218,330,615.00 521,324.99 0.00 X-A1 0.00 0.73827% 588,902,000.00 362,305.87 0.00 X-A2 0.00 0.47210% 218,330,615.00 85,894.62 0.00 X-B 0.00 0.19315% 18,402,000.00 2,961,93 0.00 B-1 8,588,000.00 2.91313% 8,588,000.00 19,458.41 0.00 B-2 6,134,000.00 3.26313% 6,134,009.00 15,568.03 0.00 B-3 3,680,000.00 3.66313% 3,680,000.00 10,484.69 0.00 B-4 2,453,000.00 3.36039% 2,453,000.00 6,869.19 0.00 B-5 920,000.00 3.36039% 920,000.00 2,576.30 0.00 B-6 2,762,778.00 3.36039% 2,762,778.00 7,736.67 0.00 A-R 100.00 3.33123% 100.00 0.28 0.00 -------------- ------------ ---- Totals 831,770,493.00 2,321,990.58 0.00 ============== ============ ====
Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- --------- --------- -------------- --------- -------------- A-1 0.00 0.00 0.00 794,078.29 0.00 376,682,481.54 A-2 0.00 0.00 0.00 492,731.31 0.00 205,117,415.02 A-3 0.00 0.00 0.00 521,324.99 0.00 212,286,028.56 X-A1 0.00 0.00 0.00 362,305.87 0.00 581,799,896.56 X-A2 0.00 0.00 0.00 85,894.62 0.00 212,286,028.56 X-B 0.00 0.00 0.00 2,095.41 0.00 18,402,000.00 B-1 0.00 0.00 0.00 19,458.41 0.00 8,588,000.00 B-2 0.00 0.00 0.00 15,568.03 0.00 6,134,000.00 B-3 0.00 0.00 0.00 10,484.69 0.00 3,680,000.00 B-4 0.00 0.00 0.00 6,869.19 0.00 2,453,000.00 B-5 0.00 0.00 0.00 2,576.30 0.00 920,000.00 B-6 0.00 0.00 0.00 7,736.67 0.00 2,762,778.00 A-R 0.00 0.00 0.00 3,926.81 0.00 0.00 ---- ---- ---- ------------ ---- Totals 0.00 0.00 0.00 2,325,050.59 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 Class Original Face Certificate Certificate/ Current Accrued Interest (5) Amount Rate Notional Balance Interest Shortfall - ----- -------------- ----------- ---------------- --------------- ---------- A-1 380,510,000.00 2.68313% 1000.00000000 2.08687890 0.00000000 A-2 208,392,000.00 3.04000% 1000.00000000 2.36444446 0.00000000 A-3 218,330,615.00 3.07000% 1000.00000000 2.38777777 0.00000000 X-A1 0.00 0.73827% 1000.00000000 0.61522269 0.00000000 X-A2 0.00 0.47210% 1000.00000000 0.39341537 0.00000000 X-B 0.00 0.19315% 1000.00000000 0.16095696 0.00000000 B-1 8,588,000.00 2.91313% 1000.00000000 2.26576735 0.00000000 B-2 6,134,000.00 3.26313% 1000.00000000 2.53798989 0.00000000 B-3 3,680,000.00 3.66313% 1000.00000000 2.84910054 0.00000000 B-4 2,453,000.00 3.36039% 1000.00000000 2.80032205 0.00000000 B-5 920,000.00 3.36039% 1000.00000000 2.80032609 0.00000000 B-6 2,762,778.00 3.36039% 1000.00000000 2.80032272 0.00000000 A-R 100.00 3.33123% 1000.00000000 2.80000000 0.00000000
Non- Remaining Current Supported Unpaid Class Interest Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Shortfall Loss (6) Distribution Shortfall Notational Balance - ----- ---------- ---------- ---------- -------------- ---------- ------------------- A-1 0.00000000 0.00000000 0.00000000 2.08687890 0.00000000 989.94108313 A-2 0.00000000 0.00000000 0.00000000 2.36444446 0.00000000 984.28641704 A-3 0.00000000 0.00000000 0.00000000 2.38777777 0.00000000 972.31452657 X-A1 0.00000000 0.00000000 0.00000000 0.61522269 0.00000000 987.94009285 X-A2 0.00000000 0.00000000 0.00000000 0.39341537 0.00000000 972.31452657 X-B 0.00000000 0.00000000 0.00000000 0.11386860 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 0.00000000 2.26576735 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 2.53798989 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 2.84910054 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 2.80032205 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 2.80032609 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 2.80032272 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 39268.10000000 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 15,668,322.41 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 407.81 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 15,668,730.22 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 196,889.76 Payment of Interest and Principal 15,471,840.46 ------------- Total Withdrawals (Pool Distribution Amount) 15,668,730.22 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 191,777.76 Master Servicing Fee 5,112.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 196,889.76 ==========
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 1,000.00 866.52 866.52 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- ---------- -------- --------- -------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 134,999.99 30 Days 0 0.00 30 Days 0 0.00 60 Days 0. 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---------- -- ---- -- ---- 1 134,999.99 0 0.00 0 0.00 == ========== == ==== == ====
REO TOTAL - -------------------------------- --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- ----------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 1 134,999.99 60 Days 0 0.00 60 Days 0. 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ---------- 0 0.00 1 134,999.99 == ==== == ==========
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- ---------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.057241% 0.022265% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.057241% 0.022265% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- --------- ---------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.057241% 0.022265% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.057241% 0.022265% ======== ======== ======== ========
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 407.81
DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- -------------------------------- -------------------------------- GROUP ONE No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- ---------- -------- --------- -------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 134,999.99 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---------- -- ---- -- ---- 1 134,999.99 0 0.00 0 0.00 == ========== == ==== == ====
REO TOTAL - -------------------------------- --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- ---------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 1 134,999.99 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ---------- 0 0.00 1 134,999.99 == ==== == ==========
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- ---------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.090662% 0.034391% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- --------- -------- -------- 0.090662% 0.034391% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- ---------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.090662% 0.034391% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.090662% 0.034391% ======== ======== ======== ========
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- -------------------------------- -------------------------------- GROUP TWO 1.183654% No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- ---------- -------- --------- -------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ---- -- ---- 0 0.00 0 0.00 0 0.00 == ==== == ==== == ====
REO TOTAL - -------------------------------- --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- ---------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ---- 0 0.00 0 0.00 == ==== == ====
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- ---------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- ---------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ========
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed Arm - ---------------------- ----------------- Weighted Average Gross Coupon 3.745540% Weighted Average Net Coupon 3.468861% Weighted Average Pass-Through Rate 2.729527% Weighted Average Maturity (Stepdown Calculation) 338 Beginning Scheduled Collateral Loan Count 1,761 Number of Loans Paid in Full 14 Ending Scheduled Collateral Loan Count 1,747 Beginning Scheduled Collateral Balance 831,770,493.00 Ending Scheduled Collateral Balance 606,337,675.47 Ending Actual Collateral Balance at 31-Dec-2004 606,341,178.21 Monthly P&I Constant 1,916,449.67 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,729.85 Unscheduled Principal 7,100,473.59
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO Underlying Certificate Balance 212,286,028.57 Underlying Certificate Interest 607,219.61 Underlying Certificate Principal 6,044,586.44
GROUP GROUP GROUP TWO TOTAL - ------------------------------- -------------- ----------------- -------------- Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.716359 3.798823 3.745540 Weighted Average Net Rate 3.341228 3.423633 3.468861 Weighted Average Maturity 337 341 338 Record Date 12/31/2004 12/31/2004 12/31/2004 Principal and Interest Constant 1,228,674.74 687,774.93 1,916,449.67 Beginning Loan Count 1,107 654 1,761 Loans Paid in Full 4 10 14 Ending Loan Count 1,103 644 1,747 Beginning Scheduled Balance 396,364,818.85 217,075,060.06 613,439,878.91 Ending Scheduled Balance 392,537,200.39 213,800,475.08 606,337,675.47 Scheduled Principal 1,146.35 583.50 1,729.85 Unscheduled Principal 3,826,472.11 3,274,001.48 7,100,473.59 Scheduled Interest 1,227,528.39 687,191.43 1,914,719.82 Servicing Fee 123,907.36 67,870.40 191,777.76 Master Servicing Fee 0.00 0.00 0.00 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 1,103,621.03 619,321.03 1,722,942.06 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group One One Month Libor Loan Balance 205,733,473.08 Six Month Libor Loan Balance 186,803,727.31 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.999968% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Two Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.999973% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%