Certificateholder Distribution Statement for SMT Series 2004-12 (April 2005) – 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. as Certificate Administrator for the SMT Series 2004-12 trust. It summarizes the principal and interest payments made to certificateholders as of the April 29, 2005 record date and May 20, 2005 distribution date. The statement details the beginning and ending balances, interest and principal distributions, and realized losses for each class of certificates. All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 2 f09857eexv10w1.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: APRIL 29, 2005 DISTRIBUTION DATE: MAY 20, 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-1 81744FFY8 SEN 3.26000% 358,109,313.39 972,863.63 6,056,137.92 0.00 352,053,175.47 A-2 81744FFZ5 SEN 3.04000% 188,517,495.00 477,577.65 4,622,812.12 0.00 183,894,682.88 A-3 81744FGZ9 SEN 3.07000% 194,514,911.80 497,633.98 6,831,802.42 0.00 187,683,109.37 X-A1 81744FGC5 IO 0.49883% 0.00 227,227.63 0.00 0.00 0.00 X-A2 81744FGD3 IO 0.78164% 0.00 126,700.49 0.00 0.00 0.00 X-B 81744FGF8 IO 0.08973% 0.00 0.00 0.00 0.00 0.00 B-1 81744FGG6 SUB 3.49000% 8,588,000.00 24,976.77 0.00 0.00 8,588,000.00 B-2 81744FGH4 SUB 3.84000% 6,134,000.00 19,628.80 0.00 0.00 6,134,000.00 B-3 81744FGJ0 SUB 4.24000% 3,680,000.00 12,305.69 0.00 0.00 3,680,000.00 B-4 81744FGK7 SUB 3.68227% 2,453,000.00 7,527.17 0.00 0.00 2,453,000.00 B-5 81744FGK7 SUB 3.68227% 920,000.00 2,823.07 0.00 0.00 920,000.00 B-6 81744FGL5 SUB 3.68227% 2,762,778.00 8,477.74 0.00 0.00 2,762,778.00 A-R 81744FGE1 RES 4.01901% 0.00 0.42 0.00 0.00 0.00 -------------- ------------ ------------- ---- -------------- Totals 765,679,498.19 2,377,743.04 17,510,752.46 0.00 748,168,745.72 -------------- ------------ ------------- ---- -------------- Total Cumulative Class Distribution Realized Loss - -------- ------------- ------------- A-1 7,029,001.55 0.00 A-2 5,100,389.77 0.00 A-3 7,329,436.40 0.00 X-A1 227,227.63 0.00 X-A2 126,700.49 0.00 X-B 0.00 0.00 B-1 24,976.77 0.00 B-2 19,628.80 0.00 B-3 12,305.69 0.00 B-4 7,527.17 0.00 B-5 2,823.07 0.00 B-6 8,477.74 0.00 A-R 0.42 0.00 ------------- ---- Totals 19,888,495.50 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 Original Face Certificate Principal Principal Realized Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - -------- --------------- -------------- ------------ ------------- --------- -------- ------------- -------------- A-1 380,510,000.00 358,109,313.39 2,051.88 6,054,086.04 0.00 0.00 6,056,137.92 352,053,175.47 A-2 208,392,000.00 188,517,495.00 495.88 4,622,316.24 0.00 0.00 4,622,812.12 183,894,682.88 A-3 218,330,615.00 194,514,911.80 0.00 6,831,802.42 0.00 0.00 6,831,802.42 187,683,109.37 X-A1 0.00 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 0.00 X-B 0.00 0.00 0.00 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 0.00 0.00 8,588,000.00 B-2 6,134,000.00 6,134,000.00 0.00 0.00 0.00 0.00 0.00 6,134,000.00 B-3 3,680,000.00 3,680,000.00 0.00 0.00 0.00 0.00 0.00 3,680,000.00 B-4 2,453,000.00 2,453,000.00 0.00 0.00 0.00 0.00 0.00 2,453,000.00 B-5 920,000.00 920,000.00 0.00 0.00 0.00 0.00 0.00 920,000.00 B-6 2,762,778.00 2,762,778.00 0.00 0.00 0.00 0.00 0.00 2,762,778.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 --------------- -------------- -------- ------------- ---- ---- ------------- -------------- Totals 831,770,493.00 765,679,498.19 2,547.76 17,508,204.70 0.00 0.00 17,510,752.46 748,168,745.72 --------------- -------------- -------- ------------- ---- ---- ------------- -------------- Ending Certificate Total Principal Class Percentage Distribution - -------- ----------- --------------- A-1 0.92521399 6,056,137.92 A-2 0.88244598 4,622,812.12 A-3 0.85962800 6,831,802.42 X-A1 0.00000000 0.00 X-A2 0.00000000 0.00 X-B 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 A-R 0.00000000 0.00 ---------- ------------- Totals 0.89948940 17,510,752.46 ---------- -------------
(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 Ending Original Face Certificate Principal Principal Realized Total Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ------- -------------- ------------- ------------ ------------ ---------- ---------- --------------- ------------- A-1 380,510,000.00 941.12983467 0.00539245 15.91045187 0.00000000 0.00000000 15.91584431 925.21399036 A-2 208,392,000.00 904.62923241 0.00237955 22.18087182 0.00000000 0.00000000 22.18325137 882.44598104 A-3 218,330,615.00 890.91908526 0.00000000 31.29108769 0.00000000 0.00000000 31.29108769 859.62799752 X-A1 0.00 0.00000000 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 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,588,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 6,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 3,680,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 2,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 2,762,778.00 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 Certificate Total Principal Class Percentage Distribution - ------- ----------- --------------- A-1 0.92521399 15.91584431 A-2 0.88244598 22.18325137 A-3 0.85962800 31.29108769 X-A1 0.00000000 0.00000000 X-A2 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 of Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Total Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------- -------------- ----------- -------------- ------------ ---------- --------- ------------- -------- -------------- A-1 380,510,000.00 3.26000% 358,109,313.39 972,863.63 0.00 0.00 0.00 0.00 972,863.63 A-2 208,392,000.00 3.04000% 188,517,495.00 477,577.65 0.00 0.00 0.00 0.00 477,577.65 A-3 218,330,615.00 3.07000% 194,514,911.80 497,633.98 0.00 0.00 0.00 0.00 497,633.98 X-A1 0.00 0.49883% 546,626,808.39 227,227.63 0.00 0.00 0.00 0.00 227,227.63 X-A2 0.00 0.78164% 194,514,911.80 126,700.49 0.00 0.00 0.00 0.00 126,700.49 X-B 0.00 0.08973% 18,402,000.00 1,376.01 0.00 0.00 0.00 0.00 0.00 B-1 8,588,000.00 3.49000% 8,588,000.00 24,976.01 0.00 0.00 0.00 0.00 24,976.77 B-2 6,134,000.00 3.84000% 6,134,000.00 19,628.80 0.00 0.00 0.00 0.00 19,628.80 B-3 3,680,000.00 4.24000% 3,680,000.00 13,002.67 0.00 0.00 0.00 0.00 12,305.69 B-4 2,453,000.00 3.68227% 2,453,000.00 7,527.17 0.00 0.00 0.00 0.00 7,527.17 B-5 920,000.00 3.68227% 920,000.00 2,823.07 0.00 0.00 0.00 0.00 2,823.07 B-6 2,762,778.00 3.68227% 2,762,778.00 8,477.74 0.00 0.00 0.00 0.00 8,477.74 A-R 100.00 4.01901% 0.00 0.00 0.00 0.00 0.00 0.00 0.42 - ------- -------------- ----------- -------------- ------------ ---------- --------- ------------- -------- -------------- Totals 831,770,493.00 2,379,815.61 0.00 0.00 0.00 0.00 2,377,743.04 -------------- ------------ ---------- --------- ------------- -------- -------------- Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------- --------- -------------- A-1 0.00 352,053,175.47 A-2 0.00 183,894,682.88 A-3 0.00 187,683,109.37 X-A1 0.00 535,947,858.35 X-A2 0.00 187,683,109.37 X-B 0.00 18,402,000.00 B-1 0.00 8,588,000.00 B-2 0.00 6,134,000.00 B-3 0.00 3,680,000.00 B-4 0.00 2,453,000.00 B-5 0.00 920,000.00 B-6 0.00 2,762,778.00 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 of Current Certificate/ Current Unpaid Current Non-Supported Total Class Original Face Certificate Notional Accrued Interest Interest Interest Realized Interest (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) Distribution - ------- -------------- ----------- -------------- ------------ ---------- --------- ------------- -------- ------------ A-1 380,510,000.00 3.26000% 941.12983467 2.55673604 0.00000000 0.00000000 0.00000000 0.00000000 2.55673604 A-2 208,392,000.00 3.04000% 904.62923241 2.29172737 0.00000000 0.00000000 0.00000000 0.00000000 2.29172737 A-3 218,330,615.00 3.07000% 890.91908526 2.27926798 0.00000000 0.00000000 0.00000000 0.00000000 2.27926798 X-A1 0.00 0.49883% 928.21353704 0.38584965 0.00000000 0.00000000 0.00000000 0.00000000 0.38584965 X-A2 0.00 0.78164% 890.91908526 0.58031481 0.00000000 0.00000000 0.00000000 0.00000000 0.58031481 X-B 0.00 0.08973% 1000.00000000 0.07477502 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,588,000.00 3.49000% 1000.00000000 2.90833372 0.00000000 0.00000000 0.00000000 0.00000000 2.90833372 B-2 6,134,000.00 3.84000% 1000.00000000 3.20000000 0.00000000 0.00000000 0.00000000 0.00000000 3.20000000 B-3 3,680,000.00 4.24000% 1000.00000000 3.53333424 0.00000000 0.00000000 0.00000000 0.00000000 3.34393750 B-4 2,453,000.00 3.68227% 1000.00000000 3.06855687 0.00000000 0.00000000 0.00000000 0.00000000 3.06855687 B-5 920,000.00 3.68227% 1000.00000000 3.06855435 0.00000000 0.00000000 0.00000000 0.00000000 3.06855435 B-6 2,762,778.00 3.68227% 1000.00000000 3.06855636 0.00000000 0.00000000 0.00000000 0.00000000 3.06855636 A-R 100.00 4.01901% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4.20000000 Remaining Ending Unpaid Certificate/ Class Interest Notational (5) Shortfall Balance - ------- ---------- ------------- A-1 0.00000000 925.21399036 A-2 0.00000000 882.44598104 A-3 0.00000000 859.62799752 X-A1 0.00000000 910.07987467 X-A2 0.00000000 859.62799752 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 Beginning Balance 0.00 Deposits Payments of Interest and Principal 20,071,805.36 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 20,071,805.36 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 183,309.86 Payment of Interest and Principal 19,888,495.50 ------------- Total Withdrawals (Pool Distribution Amount) 20,071,805.36 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 178,550.15 Master Servicing Fee 4,759.71 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 183,309.86 ==========
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 443.65 1,819.66 1,376.01 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
BANKRUPTCY 1.183654%
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed Arm Weighted Average Gross Coupon 4.068056% Weighted Average Net Coupon 3.692928% Weighted Average Pass-Through Rate 3.055973% Weighted Average Maturity (Stepdown Calculation) 334 Beginning Scheduled Collateral Loan Count 1,680 Number of Loans Paid in Full 29 Ending Scheduled Collateral Loan Count 1,651 Beginning Scheduled Collateral Balance 571,164,587.30 Ending Scheduled Collateral Balance 560,485,637.26 Ending Actual Collateral Balance at 29-Apr-2005 560,487,358.41 Monthly P&I Constant 1,938,822.46 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 2,547.76 Unscheduled Principal 10,676,402.28
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO Underlying Certificate Balance 187,683,109.39 Underlying Certificate Interest 624,334.48 Underlying Certificate Principal 6,831,802.41
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.094385 4.018127 4.068056 Weighted Average Net Rate 3.719299 3.642917 3.692928 Weighted Average Maturity 333 337 334 Record Date 04/29/2005 04/29/2005 04/29/2005 Principal and Interest Constant 1,278,012.53 660,809.93 1,938,822.46 Beginning Loan Count 1,066 614 1,680 Loans Paid in Full 18 11 29 Ending Loan Count 1,048 603 1,651 Beginning Scheduled Balance 373,964,032.24 197,200,555.06 571,164,587.30 Ending Scheduled Balance 367,907,894.32 192,577,742.94 560,485,637.26 Scheduled Principal 2,051.88 495.88 2,547.76 Unscheduled Principal 6,054,086.04 4,622,316.24 10,676,402.28 Scheduled Interest 1,275,960.65 660,314.05 1,936,274.70 Servicing Fee 116,890.53 61,659.62 178,550.15 Master Servicing Fee 3,116.37 1,643.34 4,759.71 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 1,155,953.75 597,011.09 1,752,964.84 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 196,192,272.23 Six Month Libor Loan Balance 171,715,622.09 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.760363% 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 95.596838% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%