Wells Fargo Bank Minnesota, N.A. SMT Series 2004-6 Certificateholder Distribution Statement (September 2004)

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 2004-6 trust. It details the principal and interest distributions made to certificateholders as of September 30, 2004, with a distribution date of October 20, 2004. The statement lists the classes of certificates, their balances, interest rates, and amounts distributed, as well as cumulative totals. All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 2 f03044aexv10w1.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 2004-6 RECORD DATE: SEPTEMBER 30, 2004 DISTRIBUTION DATE: OCTOBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ----------------------------------------------------------------------------------------------- A-1 81744FCG0 SEN 2.82183% 482,996,968.59 1,135,778.49 10,889,956.60 A-2 81744FCH8 SEN 2.09125% 179,059,344.20 312,048.21 3,085,229.61 A-3-A 81744FCJ4 SEN 2.16375% 189,403,474.12 341,518.14 3,229,612.97 A-3-B 81744FCU9 SEN 2.30625% 3,373,598.78 6,483.64 57,524.91 X-A 81744FCK1 IO 0.70087% 0.00 217,175.23 0.00 X-B 81744FCL9 IO 0.37383% 0.00 7,780.40 0.00 B-1 81744FCN5 SUB 2.31125% 15,725,000.00 30,287.01 0.00 B-2 81744FCP0 SUB 2.69125% 9,250,000.00 20,745.05 0.00 B-3 81744FCQ8 SUB 2.82582% 5,550,000.00 13,069.43 0.00 B-4 81744FCR6 SUB 2.82582% 2,313,000.00 5,446.77 0.00 B-5 81744FCS4 SUB 2.82582% 2,313,000.00 5,446.77 0.00 B-6 81744FCT2 SUB 2.82582% 4,166,584.59 9,811.69 0.00 A-R 81744FCM7 R 2.82738% 0.00 0.23 0.00 -------------------------------------------- Totals 894,150,970.28 2,105,591.06 17,262,324.09 -------------------------------------------- Current Ending Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss - -------------------------------------------------------------------------- A-1 0.00 472,107,011.99 12,025,735.09 0.00 A-2 0.00 175,974,114.59 3,397,277.82 0.00 A-3-A 0.00 186,173,861.16 3,571,131.11 0.00 A-3-B 0.00 3,316,073.86 64,008.55 0.00 X-A 0.00 0.00 217,175.23 0.00 X-B 0.00 0.00 7,780.40 0.00 B-1 0.00 15,725,000.00 30,287.01 0.00 B-2 0.00 9,250,000.00 20,745.05 0.00 B-3 0.00 5,550,000.00 13,069.43 0.00 B-4 0.00 2,313,000.00 5,446.77 0.00 B-5 0.00 2,313,000.00 5,446.77 0.00 B-6 0.00 4,166,584.59 9,811.69 0.00 A-R 0.00 0.00 0.23 0.00 ----------------------------------------------------------- Totals 0.00 876,888,646.19 19,367,915.15 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-1 500,000,000.00 482,996,968.59 6,076.50 10,883,880.10 0.00 0.00 A-2 185,687,000.00 179,059,344.20 811.75 3,084,417.86 0.00 0.00 A-3 196,500,000.00 189,403,474.12 3,187.07 3,226,425.89 0.00 0.00 X-1 3,500,000.00 3,373,598.78 56.77 57,468.15 0.00 0.00 X-2 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 15,725,000.00 15,725,000.00 0.00 0.00 0.00 0.00 B-2 9,250,000.00 9,250,000.00 0.00 0.00 0.00 0.00 B-3 5,550,000.00 5,550,000.00 0.00 0.00 0.00 0.00 B-4 2,313,000.00 2,313,000.00 0.00 0.00 0.00 0.00 B-5 2,313,000.00 2,313,000.00 0.00 0.00 0.00 0.00 B-6 4,166,584.59 4,166,584.59 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------------------------------------------------------------------------- Totals 925,004,684.59 894,150,970.28 10,132.09 17,252,192.00 0.00 0.00 -------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------------- A-1 10,889,956.60 472,107,011.99 0.94421402 10,889,956.60 A-2 3,085,229.61 175,974,114.59 0.94769216 3,085,229.61 A-3 3,229,612.97 186,173,861.16 0.94744968 3,229,612.97 X-1 57,524.91 3,316,073.86 0.94744967 57,624.91 X-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 15,725,000.00 1.00000000 0.00 B-2 0.00 9,250,000.00 1.00000000 0.00 B-3 0.00 5,550,000.00 1.00000000 0.00 B-4 0.00 2,313,000.00 1.00000000 0.00 B-5 0.00 2,313,000.00 1.00000000 0.00 B-6 0.00 4,166,584.59 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 -------------------------------------------------------------------------- Totals 17,262,324.09 876,888,646.19 0.94798292 17,262,324.09 --------------------------------------------------------------------------
(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-1 500,000,000.00 965.99393718 0.01215300 21.76776020 0.00000000 0.00000000 A-2 185,687,000.00 964.30737855 0.00437160 16.61084438 0.00000000 0.00000000 A-3 196,500,000.00 963.88536448 0.01621919 16.41947018 0.00000000 0.00000000 X-1 3,500,000.00 963.88536571 0.01622000 16.41947143 0.00000000 0.00000000 X-2 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 15,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 9,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,166,584.59 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----------------------------------------------------------------------------------- A-1 21.77991320 944.21402398 0.94421402 21.77991320 A-2 16.61521598 947.69216256 0.94769216 16.61521598 A-3 16.43568941 947.44967511 0.94744968 16.43568941 X-1 16.43568857 947.44967429 0.94744967 16.43568857 X-2 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 Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------- A-1 500,000,000.00 2.82183% 482,996,968.59 1,135,778.49 0.00 0.00 A-2 185,687,000.00 2.09125% 179,059,344.20 312,048.21 0.00 0.00 A-3 196,500,000.00 2.16375% 189,403,474.12 341,518.14 0.00 0.00 X-1 3,500,000.00 2.30625% 3,373,598.78 6,483.64 0.00 0.00 X-2 0.00 0.70087% 371,836,417.10 217,175.23 0.00 0.00 X-B 0.00 0.37383% 24,975,000.00 7,780.40 0.00 0.00 B-1 15,725,000.00 2.31125% 15,725,000.00 30,287.01 0.00 0.00 B-2 9,250,000.00 2.69125% 9,250,000.00 20,745.05 0.00 0.00 B-3 5,550,000.00 2.82582% 5,550,000.00 13,069.43 0.00 0.00 B-4 2,313,000.00 2.82582% 2,313,000.00 5,446.77 0.00 0.00 B-5 2,313,000.00 2.82582% 2,313,000.00 5,446.77 0.00 0.00 B-6 4,166,584.59 2.82582% 4,166,584.59 9,811.69 0.00 0.00 A-R 100.00 2.82738% 0.00 0.00 0.00 0.00 -------------- ----------------------------------- Totals 925,004,684.59 2,105,590.83 0.00 0.00 -------------- ----------------------------------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------------------------------------------------------------------------- A-1 0.00 0.00 1,135,778.49 0.00 472,107,011.99 A-2 0.00 0.00 312,048.21 0.00 175,974,114.59 A-3 0.00 0.00 341,518.14 0.00 186,173,861.16 X-1 0.00 0.00 6,483.64 0.00 3,316,073.86 X-2 0.00 0.00 217,175.23 0.00 365,464,049.61 X-B 0.00 0.00 7,780.40 0.00 24,975,000.00 B-1 0.00 0.00 30,287.01 0.00 15,725,000.00 B-2 0.00 0.00 20,745.05 0.00 9,250,000.00 B-3 0.00 0.00 13,069.43 0.00 5,550,000.00 B-4 0.00 0.00 5,446.77 0.00 2,313,000.00 B-5 0.00 0.00 5,446.77 0.00 2,313,000.00 B-6 0.00 0.00 9,811.69 0.00 4,166,584.59 A-R 0.00 0.00 0.23 0.00 0.00 ------------------------------------------- Totals 0.00 0.00 2,105,591.06 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 Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ----------------------------------------------------------------------------------------------- A-1 500,000,000.00 2.82183% 965.99393718 2.27155698 0.00000000 0.00000000 A-2 185,687,000.00 2.09125% 964.30737855 1.68050650 0.00000000 0.00000000 A-3 196,500,000.00 2.16375% 963.88536448 1.73800580 0.00000000 0.00000000 X-1 3,500,000.00 2.30625% 963.88536571 1.85246857 0.00000000 0.00000000 X-2 0.00 0.70087% 964.08854097 0.56308673 0.00000000 0.00000000 X-B 0.00 0.37383% 1000.00000000 0.31152753 0.00000000 0.00000000 B-1 15,725,000.00 2.31125% 1000.00000000 1.92604197 0.00000000 0.00000000 B-2 9,250,000.00 2.69125% 1000.00000000 2.24270811 0.00000000 0.00000000 B-3 5,550,000.00 2.82582% 1000.00000000 2.35485225 0.00000000 0.00000000 B-4 2,313,000.00 2.82582% 1000.00000000 2.35485084 0.00000000 0.00000000 B-5 2,313,000.00 2.82582% 1000.00000000 2.35485084 0.00000000 0.00000000 B-6 4,166,584.59 2.82582% 1000.00000000 2.35485199 0.00000000 0.00000000 A-R 100.00 2.82738% 0.00000000 0.00000000 0.00000000 0.00000000 Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ------------------------------------------------------------------------------------ A-1 0.00000000 0.00000000 2.27155698 0.00000000 944.21402398 A-2 0.00000000 0.00000000 1.68050650 0.00000000 947.69216256 A-3 0.00000000 0.00000000 1.73800580 0.00000000 947.44967511 X-1 0.00000000 0.00000000 1.85246857 0.00000000 947.44967429 X-2 0.00000000 0.00000000 0.56308673 0.00000000 947.56641943 X-B 0.00000000 0.00000000 0.31152753 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1.92604197 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.24270811 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.35485225 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.35485084 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.35485084 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.35485199 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 2.30000000 0.00000000 0.00000000
(5) Per $1 denomination (6) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 19,647,304.87 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,120.97 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 -------------- Total Deposits 19,665,425.84 Withdrawals Reimbursement for Servicer Advances 12,920.67 Payment of Service Fee 284,590.01 Payment of Interest and Principal 19,367,915.16 -------------- Total Withdrawals (Pool Distribution Amount) 19,665,425.84 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 279,746.69 Master Servicing Fee 4,843.32 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 284,590.01 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------- Class X-A Pool 2 Comp Sub Account 4,500.00 0.00 0.00 4,500.00 Class X-A Pool 3 Comp Sub Account 4,500.00 0.00 0.00 4,500.00 Class X-B Sub Account 1,000.00 0.00 0.00 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 24 6,968,358.38 60 Days 0 0.00 90 Days 1 282,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 25 7,250,358.38
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.887902% 0.794668% 60 Days 0.000000% 0.000000% 90 Days 0.036996% 0.032159% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.924898% 0.826828%
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 24 6,968,358.38 60 Days 0 0.00 90 Days 1 282,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 25 7,250,358.38
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.887902% 0.794668% 60 Days 0.000000% 0.000000% 90 Days 0.036996% 0.032159% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.924898% 0.826828%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 18,120.97
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 39,317,584.59 4.25052816% 39,317,584.59 4.48376025% 95.516240% 0.000000% Class B-1 23,592,584.59 2.55053677% 23,592,584.59 2.69048809% 1.793272% 39.994827% Class B-2 14,342,584.59 1.55054183% 14,342,584.59 1.63562211% 1.054866% 23.526369% Class B-3 8,792,584.59 0.95054487% 8,792,584.59 1.00270252% 0.632920% 14.115821% Class B-4 6,479,584.59 0.70049208% 6,479,584.59 0.73892901% 0.263774% 5.882864% Class B-5 4,166,584.59 0.45043930% 4,166,584.59 0.47515550% 0.263774% 5.882864% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.475155% 10.597255%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 14 4,512,169.23 60 Days 0 0.00 90 Days 1 282,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 15 4,794,169.23
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.906736% 0.912838% 60 Days 0.000000% 0.000000% 90 Days 0.064767% 0.057050% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.971503% 0.969888%
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 14 4,512,169.23 60 Days 0 0.00 90 Days 1 282,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------- 15 4,794,169.23
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.906736% 0.912838% 60 Days 0.000000% 0.000000% 90 Days 0.064767% 0.057050% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.971503% 0.969888%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 8 1,924,189.16 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 - ------------ 8 1,924,189.16
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.532567% 1.044509% 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% -------- -------- 1.532567% 1.044509%
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 8 1,924,189.16 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 - ------------ 8 1,924,189.16
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.532567% 1.044509% 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% -------- -------- 1.532567% 1.044509%
DELINQUENT GROUP THREE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 2 531,999.99 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 - ---------- 2 531,999.99
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.313972% 0.268188% 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% -------- -------- 0.313972% 0.268188%
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 2 531,999.99 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 - ---------- 2 531,999.99
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.313972% 0.268188% 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% -------- -------- 0.313972% 0.268188%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.208293% Weighted Average Net Coupon 2.832857% Weighted Average Pass-Through Rate 2.825856% Weighted Average Maturity (Stepdown Calculation) 341 Beginning Scheduled Collateral Loan Count 2,749 Number of Loans Paid in Full 46 Ending Scheduled Collateral Loan Count 2,703 Beginning Scheduled Collateral Balance 894,150,970.28 Ending Scheduled Collateral Balance 876,888,646.19 Ending Actual Collateral Balance at 30-Sept-2004 876,888,797.18 Monthly P&I Constant 2,400,713.95 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 19,275,327.80 Scheduled Principal 10,132.09 Unscheduled Principal 17,252,192.00
MISCELLANEOUS REPORTING Rapid Prepayment Condition? NO
GROUP GROUP ONE GROUP TWO GROUP THREE TOTAL Collateral Description 6 Month LIBOR ARM Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.204214 3.228502 3.199739 3.208293 Weighted Average Net Rate 2.828915 2.853195 2.823843 2.832857 Pass-Through Rate 2.821892 2.845711 2.817343 2.825856 Weighted Average Maturity 342 337 342 341 Record Date 09/30/2004 09/30/2004 09/30/2004 09/30/2004 Principal and Interest Constant 1,355,027.09 504,739.66 540,947.20 2,400,713.95 Beginning Loan Count 1,570 530 649 2,749 Loans Paid in Full 26 8 12 46 Ending Loan Count 1,544 522 637 2,703 Beginning Scheduled Balance 505,191,124.41 187,304,656.84 201,655,189.03 894,150,970.28 Ending Scheduled Balance 494,301,167.81 184,219,427.23 198,368,051.15 876,888,646.19 Scheduled Principal 6,076.50 811.75 3,243.84 10,132.09 Unscheduled Principal 10,883,880.10 3,084,417.86 3,283,894.04 17,252,192.00 Scheduled Interest 1,348,950.59 503,927.91 537,703.36 2,390,581.86 Servicing Fee 157,998.21 58,580.67 63,167.81 279,746.69 Master Servicing Fee 2,736.45 1,014.57 1,092.30 4,843.32 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 220.43 153.53 0.00 373.96 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 1,187,995.50 444,179.14 473,443.25 2,105,617.89 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 One Pro-Rata Senior Percent 95.606780% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Group Two Pro-Rata Senior Percent 95.597914% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Group Three Pro-Rata Senior Percent 95.597378% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Interest Transfer Amount 0.00 Principal Transfer Amount 0.00