Certificateholder Distribution Summary for SMT Series 2004-12 Administered by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution summary for certificateholders of the SMT Series 2004-12, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of January 31, 2005, with distributions occurring on February 22, 2005. The summary includes payment amounts, outstanding balances, and confirms that all distributions were calculated in accordance with the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

Read More Arrow
EX-10.1 2 f06800cexv10w1.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: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ----- --------- ----------- ------------ -------------- ------------ ------------- A-1 81744FFY8 SEN 2.77000% 376,682,481.54 869,508.73 3,904,273.52 A-2 81744FFZ5 SEN 3.04000% 205,117,415.02 519,630.78 3,345,626.83 A-3 81744FGZ9 SEN 3.07000% 212,286,028.56 543,098.42 5,084,907.00 X-A1 81744FGC5 IO 0.57661% 0.00 279,559.34 0.00 X-A2 81744FGD3 IO 0.75899% 0.00 134,269.83 0.00 X-B 81744FGF8 IO 0.23679% 0.00 2,686.06 0.00 B-1 81744FGG6 SUB 3.00000% 8,588,000.00 21,470.00 0.00 B-2 81744FGH4 SUB 3.35000% 6,134,000.00 17,124.08 0.00 B-3 81744FGJ0 SUB 3.75000% 3,680,000.00 11,500.00 0.00 B-4 81744FGK7 SUB 3.44181% 2,453,000.00 7,035.63 0.00 B-5 81744FGK7 SUB 3.44181% 920,000.00 2,638.72 0.00 B-6 81744FGL5 SUB 3.44181% 2,762,778.00 7,924.13 0.00 A-R 81744FGE1 RES 3.57027% 0.00 0.88 0.00 -------------- ------------ ------------- Totals 818,623,703.12 2,416,446.60 12,334,807.35 -------------- ------------ ------------- Ending Current Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss - ----- ------------- -------------- ------------- ------------- A-1 0.00 372,778,208.02 4,773,782.25 0.00 A-2 0.00 201,771,788.19 3,865,257.61 0.00 A-3 0.00 207,201,121.56 5,628,005.42 0.00 X-A1 0.00 0.00 279,559.34 0.00 X-A2 0.00 0.00 134,269.83 0.00 X-B 0.00 0.00 2,686.06 0.00 B-1 0.00 8,588,000.00 21,470.00 0.00 B-2 0.00 6,134,000.00 17,124.08 0.00 B-3 0.00 3,680,000.00 11,500.00 0.00 B-4 0.00 2,453,000.00 7,035.63 0.00 B-5 0.00 920,000.00 2,638.72 0.00 B-6 0.00 2,762,778.00 7,924.13 0.00 A-R 0.00 0.00 0.88 0.00 ---- -------------- ------------- ---- Totals 0.00 806,288,895.77 14,751,253.95 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-1 380,510,000.00 376,682,481.54 1,514.76 3,902,758.76 0.00 0.00 A-2 208,392,000.00 205,117,415.02 585.39 3,345,041.44 0.00 0.00 A-3 218,330,615.00 212,286,028.56 0.00 5,084,907.00 0.00 0.00 X-A1 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 X-B 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 B-2 6,134,000.00 6,134,000.00 0.00 0.00 0.00 0.00 B-3 3,680,000.00 3,680,000.00 0.00 0.00 0.00 0.00 B-4 2,453,000.00 2,453,000.00 0.00 0.00 0.00 0.00 B-5 920,000.00 920,000.00 0.00 0.00 0.00 0.00 B-6 2,762,778.00 2,762,778.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------- ------------- ---- ---- Totals 831,770,493.00 2,100.15 12,332,707.20 0.00 0.00 -------------- -------- ------------- ---- ---- Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- ------------ -------------- ----------- --------------- A-1 3,904,273.52 372,778,208.02 0.97968045 3,904,273.52 A-2 3,345,626.83 201,771,788.19 0.96823193 3,345,626.83 A-3 5,084,907.00 207,201,121.56 0.94902459 5,084,907.00 X-A1 0.00 0.00 0.00000000 0.00 X-A2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 8,588,000.00 1.00000000 0.00 B-2 0.00 6,134,000.00 1.00000000 0.00 B-3 0.00 3,680,000.00 1.00000000 0.00 B-4 0.00 2,453,000.00 1.00000000 0.00 B-5 0.00 920,000.00 1.00000000 0.00 B-6 0.00 2,762,778.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 12,334,807.35 806,288,895.77 0.96936463 12,334,807.35 ------------- -------------- ---------- -------------
(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-1 380,510,000.00 989.94108313 0.00398087 10.25665228 0.00000000 0.00000000 A-2 208,392,000.00 984.28641704 0.00280908 16.05167876 0.00000000 0.00000000 A-3 218,330,615.00 972.31452657 0.00000000 23.28994035 0.00000000 0.00000000 X-A1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 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 8,588,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,680,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,762,778.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------ ----------- --------------- A-1 10.26063315 979.68044998 0.97968045 10.26063315 A-2 16.05448784 968.23192920 0.96823193 16.05448784 A-3 23.28994035 949.02458622 0.94902459 23.28994035 X-A1 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 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 Original Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - ------ -------------- ----------- -------------- ------------ ---------- --------- A-1 380,510,000.00 2.77000% 376,682,481.54 869,508.73 0.00 0.00 A-2 208,392,000.00 3.04000% 205,117,415.02 519,630.78 0.00 0.00 A-3 218,330,615.00 3.07000% 212,286,028.56 543,098.42 0.00 0.00 X-A1 0.00 0.57661% 581,799,896.56 279,559.34 0.00 0.00 X-A2 0.00 0.75899% 212,286,028.56 134,269.83 0.00 0.00 X-B 0.00 0.23679% 18,402,000.00 3,631.18 0.00 0.00 B-1 8,588,000.00 3.00000% 8,588,000.00 21,470.00 0.00 0.00 B-2 6,134,000.00 3.35000% 6,134,000.00 17,124.08 0.00 0.00 B-3 3,680,000.00 3.75000% 3,680,000.00 11,500.00 0.00 0.00 B-4 2,453,000.00 3.44181% 2,453,000.00 7,035.63 0.00 0.00 B-5 920,000.00 3.44181% 920,000.00 2,638.72 0.00 0.00 B-6 2,762,778.00 3.44181% 2,762,778.00 7,924.13 0.00 0.00 A-R 100.00 3.57027% 0.00 0.00 0.00 0.00 - ------ -------------- ------------ ---- ---- Totals 831,770,493.00 2,417,390.84 0.00 0.00 - ------ -------------- ------------ ---- ---- Remaining Ending Non-Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------ ------------- -------- -------------- --------- -------------- A-1 0.00 0.00 869,508.73 0.00 372,778,208.02 A-2 0.00 0.00 519,630.78 0.00 201,771,788.19 A-3 0.00 0.00 543,098.42 0.00 207,201,121.56 X-A1 0.00 0.00 279,559.34 0.00 574,549,996.21 X-A2 0.00 0.00 134,269.83 0.00 574,549,996.21 X-B 0.00 0.00 2,686.06 0.00 18,402,000.00 B-1 0.00 0.00 21,470.00 0.00 8,588,000.00 B-2 0.00 0.00 17,124.08 0.00 6,134,000.00 B-3 0.00 0.00 11,500.00 0.00 3,680,000.00 B-4 0.00 0.00 7,035.63 0.00 2,453,000.00 B-5 0.00 0.00 2,638.72 0.00 920,000.00 B-6 0.00 0.00 7,924.13 0.00 2,762,778.00 A-R 0.00 0.00 0.88 0.00 0.00 - ------ ---- ---- ------------ ---- Totals 0.00 0.00 2,416,446.60 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- -------------- ----------- ---------------- --------------- ---------- ---------- A-1 380,510,000.00 2.77000% 989.94108313 2.28511400 0.00000000 0.00000000 A-2 208,392,000.00 3.04000% 984.28641704 2.49352557 0.00000000 0.00000000 A-3 218,330,615.00 3.07000% 972.31452657 2.48750465 0.00000000 0.00000000 X-A1 0.00 0.57661% 987.94009285 0.47471284 0.00000000 0.00000000 X-A2 0.00 0.75899% 972.31452657 0.61498398 0.00000000 0.00000000 X-B 0.00 0.23679% 1000.00000000 0.19732529 0.00000000 0.00000000 B-1 8,588,000.00 3.00000% 1000.00000000 2.50000000 0.00000000 0.00000000 B-2 6,134,000.00 3.35000% 1000.00000000 2.79166612 0.00000000 0.00000000 B-3 3,680,000.00 3.75000% 1000.00000000 3.12500000 0.00000000 0.00000000 B-4 2,453,000.00 3.44181% 1000.00000000 2.86817366 0.00000000 0.00000000 B-5 920,000.00 3.44181% 1000.00000000 2.86817391 0.00000000 0.00000000 B-6 2,762,778.00 3.44181% 1000.00000000 2.86817471 0.00000000 0.00000000 A-R 100.00 3.57027% 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Non-Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- ------------- ---------- -------------- ---------- ------------------- A-1 0.00000000 0.00000000 2.28511400 0.00000000 979.68044998 A-2 0.00000000 0.00000000 2.49352557 0.00000000 968.23192920 A-3 0.00000000 0.00000000 2.48750465 0.00000000 949.02458622 X-A1 0.00000000 0.00000000 0.47471284 0.00000000 949.02458622 X-A2 0.00000000 0.00000000 0.61498398 0.00000000 949.02458622 X-B 0.00000000 0.00000000 0.14596566 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.50000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.79166612 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.12500000 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.86817366 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.86817391 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.86817471 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 8.80000000 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 14,903,950.89 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 42,321.97 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 14,946,272.86 Withdrawals Reimbursement for Servicer Advances 407.81 Payment of Service Fee 194,611.08 Payment of Interest and Principal 14,751,253.97 ------------- Total Withdrawals (Pool Distribution Amount) 14,946,272.86 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 189,558.27 Master Servicing Fee 5,052.81 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 194,611.08 ==========
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 1,000.00 945.12 945.12 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 51 14,224,515.68 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 -------- ------------- 51 14,224,515.68 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.944573% 2.374349% 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% -------- ------------- 2.944573% 2.374349%
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 51 14,224,515.68 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 -------- ------------- 51 14,224,515.68 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.944573% 2.374349% 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% -------- ------------- 2.944573% 2.374349%
Current Period Class A 0.00 Principal Balance of 0.00 Principal Balance of 0.00 Periodic Advance Insufficient Funds: Contaminated Properties Contaminated Properties
DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 36 10,180,91.98 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 -------- ------------ 36 10,180,91.98 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.284672% 2.619653% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 3.284672% 2.619653%
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 36 10,180,91.98 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 -------- ------------ 36 10,180,91.98 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.284672% 2.619653% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 3.284672% 2.619653%
DELINQUENT
No. of Principal GROUP TWO Loans Balance 0-29 Days 0 0.00 30 Days 15 4,043,604.70 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 -------- ------------ 15 4,043,604.70 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.358491% 1.921359% 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% -------- ------------ 2.358491% 1.921359%
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 15 4,043,604.70 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 -------- ------------ 15 4,043,604.70 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.358491% 1.921359% 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% -------- ------------ 2.358491% 1.921359%
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed Arm Weighted Average Gross Coupon 3.826955% Weighted Average Net Coupon 3.451801% Weighted Average Pass-Through Rate 2.881504% Weighted Average Maturity (Stepdown Calculation) 337 Beginning Scheduled Collateral Loan Count 1,747 Number of Loans Paid in Full 15 Ending Scheduled Collateral Loan Count 1,732 Beginning Scheduled Collateral Balance 606,337,675.47 Ending Scheduled Collateral Balance 599,087,775.12 Ending Actual Collateral Balance at 31-Jan-2005 599,091,235.82 Monthly P&I Constant 1,935,789.33 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 2,100.15 Unscheduled Principal 7,247,800.20
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO Underlying Certificate Balance 207,201,121.57 Underlying Certificate Interest 677,368.26 Underlying Certificate Principal 5,084,906.99
GROUP GROUP GROUP TWO TOTAL Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.824280 3.831867 3.826955 Weighted Average Net Rate 3.449147 3.456674 3.451801 Weighted Average Maturity 336 340 337 Record Date 01/31/2005 01/31/2005 01/31/2005 Principal and Interest Constant 1,252,491.47 683,297.86 1,935,789.33 Beginning Loan Count 1,103 644 1,747 Loans Paid in Full 7 8 15 Ending Loan Count 1,096 636 1,732 Beginning Scheduled Balance 392,537,200.39 213,800,475.08 606,337,675.47 Ending Scheduled Balance 388,632,926.87 210,454,848.25 599,097,775.12 Scheduled Principal 1,514.76 585.39 2,100.15 Unscheduled Principal 3,902,758.76 3,345,041.44 7,247,800.20 Scheduled Interest 1,250,976.71 682,712.47 1,933,689.18 Servicing Fee 122,711.18 66,847.09 189,558.27 Master Servicing Fee 3,271.14 1,781.67 5,052.81 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 1,124,994.39 614,083.71 1,739,078.10 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 203,728,535.42 Six Month Libor Loan Balance 184,904,391.45 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.960964% 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 95.938709% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%