Certificateholder Distribution Summary for SMT Series 2004-6 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2004-6, prepared by Wells Fargo Bank Minnesota, N.A. It details the principal and interest payments made to holders of various classes of certificates as of March 31, 2005, with distributions occurring on April 20, 2005. The summary includes beginning and ending balances, distribution amounts, and realized losses for each class. All calculations are made in accordance with the Pooling and Servicing Agreement, and no realized losses are reported for this period.

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EX-10.1 2 f08876aexv10w1.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: MARCH 31, 2005 DISTRIBUTION DATE: APRIL 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss - ----- ----- ----------- ------------ ------- ------------ ------------ ------------- A-1 81744FCG0 SEN 3.73995% 411,244,397.13 1,281,694.56 18,200,146.92 0.00 A-2 81744FCH8 SEN 3.13000% 156,479,611.04 408,150.99 5,547,797.58 0.00 A-3-A 81744FCJ4 SEN 3.01750% 165,723,909.08 416,726.58 4,736,845.14 0.00 A-3-B 81744FCU9 SEN 3.16000% 2,951,825.35 7,773.14 84,371.29 0.00 X-A 81744FCK1 IO 0.73027% 0.00 197,877.20 0.00 0.00 X-B 81744FCL9 IO 0.27678% 0.00 5,760.46 0.00 0.00 B-1 81744FCN5 SUB 3.35000% 15,725,000.00 43,898.96 0.00 0.00 B-2 81744FCP0 SUB 3.73000% 9,250,000.00 28,752.08 0.00 0.00 B-3 81744FCQ8 SUB 3.76752% 5,550,000.00 17,424.78 0.00 0.00 B-4 81744FCR6 SUB 3.76752% 2,313,000.00 7,261.89 0.00 0.00 B-5 81744FCS4 SUB 3.76752% 2,313,000.00 7,261.89 0.00 0.00 B-6 81744FCT2 SUB 3.76752% 4,166,584.59 13,081.41 0.00 0.00 A-R 81744FCM7 R 3.35265% 0.00 0.56 0.00 0.00 -------------- ------------ ------------- ---- Totals 775,717,327.19 2,435,664.50 28,569,160.93 0.00 -------------- ------------ ------------- ---- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - ----- ----- ------- ------------ ------------- A-1 81744FCG0 393,044,250.21 19,481,841.48 0.00 A-2 81744FCH8 150,931,813.46 5,955,948.57 0.00 A-3-A 81744FCJ4 160,987,063.94 5,153,571.72 0.00 A-3-B 81744FCU9 2,867,454.07 92,144.43 0.00 X-A 81744FCK1 0.00 197,877.20 0.00 X-B 81744FCL9 0.00 5,760.46 0.00 B-1 81744FCN5 15,725,000.00 43,898.96 0.00 B-2 81744FCP0 9,250,000.00 28,752.08 0.00 B-3 81744FCQ8 5,550,000.00 17,424.78 0.00 B-4 81744FCR6 2,313,000.00 7,261.89 0.00 B-5 81744FCS4 2,313,000.00 7,261.89 0.00 B-6 81744FCT2 4,166,584.59 13,081.41 0.00 A-R 81744FCM7 0.00 0.56 0.00 -------------- ------------- ---- Totals 747,148,166.27 31,004,825.43 0.00 -------------- ------------- ----
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction ----- ------ ------- ------------ ------------ --------- -------- --------- A-1 500,000,000.00 411,244,397.13 3,181.16 18,196,965.76 0.00 0.00 18,200,146.92 A-2 185,687,000.00 156,479,611.04 90.61 5,547,706.97 0.00 0.00 5,547,797.58 A-3 196,500,000.00 165,723,909.08 521.98 4,736,323.16 0.00 0.00 4,736,845.14 X-1 3,500,000.00 2,951,825.35 9.30 84,361.99 0.00 0.00 84,371.29 X-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,725,000.00 15,725,000.00 0.00 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 0.00 B-3 5,550,000.00 5,550,000.00 0.00 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 0.00 B-5 2,313,000.00 2,313,000.00 0.00 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 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- ------------- Totals 925,004,684.59 775,717,327.19 3,803.05 28,565,357.88 0.00 0.00 28,569,160.93 -------------- -------------- -------- ------------- ---- ---- ------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution ----- ------- ---------- ------------ A-1 393,044,250.21 0.78608850 18,200,146.92 A-2 150,931,813.46 0.81282919 5,547,797.58 A-3 160,987,063.94 0.81927259 4,736,845.14 X-1 2,867,454.07 0.81927259 84,371.29 X-2 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 B-1 15,725,000.00 1.00000000 0.00 B-2 9,250,000.00 1.00000000 0.00 B-3 5,550,000.00 1.00000000 0.00 B-4 2,313,000.00 1.00000000 0.00 B-5 2,313,000.00 1.00000000 0.00 B-6 4,166,584.59 1.00000000 0.00 A-R 0.00 0.00000000 0.00 -------------- ---------- ------------- Totals 747,148,166.27 0.80772366 28,569,160.93 -------------- ---------- -------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----- ------ ------- ------------ ------------ --------- -------- --------- A-1 500,000,000.00 822.48879426 0.00636232 36.39393152 0.00000000 0.00000000 36.40029384 A-2 185,687,000.00 842.70633399 0.00048797 29.87665787 0.00000000 0.00000000 29.87714584 A-3 196,500,000.00 843.37867216 0.00265639 24.10342575 0.00000000 0.00000000 24.10608214 X-1 3,500,000.00 843.37867143 0.00265714 24.10342571 0.00000000 0.00000000 24.10608286 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 9,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,166,584.59 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----- ------- ---------- ------------ A-1 786.08850042 0.78608850 36.40029384 A-2 812.82918815 0.81282919 29.87714584 A-3 819.27259003 0.81927259 24.10608214 X-1 819.27259143 0.81927259 24.10608286 X-2 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall ----- ------ ---------------- ------- -------- --------- --------- --------- A-1 500,000,000.00 3.73995% 411,244,397.13 1,281,694.56 0.00 0.00 0.00 A-2 185,687,000.00 3.13000% 156,479,611.04 408,150.99 0.00 0.00 0.00 A-3 196,500,000.00 3.01750% 165,723,909.08 416,726.58 0.00 0.00 0.00 X-1 3,500,000.00 3.16000% 2,951,825.35 7,773.14 0.00 0.00 0.00 X-2 0.00 0.73027% 325,155,345.47 197,877.20 0.00 0.00 0.00 X-B 0.00 0.27678% 24,975,000.00 5,760.46 0.00 0.00 0.00 B-1 15,725,000.00 3.35000% 15,725,000.00 43,898.96 0.00 0.00 0.00 B-2 9,250,000.00 3.73000% 9,250,000.00 28,752.08 0.00 0.00 0.00 B-3 5,550,000.00 3.76752% 5,550,000.00 17,424.78 0.00 0.00 0.00 B-4 2,313,000.00 3.76752% 2,313,000.00 7,261.89 0.00 0.00 0.00 B-5 2,313,000.00 3.76752% 2,313,000.00 7,261.89 0.00 0.00 0.00 B-6 4,166,584.59 3.76752% 4,166,584.59 13,081.41 0.00 0.00 0.00 A-R 100.00 3.35265% 0.00 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- Totals 925,004,684.59 2,435,663.94 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance ----- -------- ------------ --------- ------- A-1 0.00 1,281,694.56 0.00 393,044,250.21 A-2 0.00 408,150.99 0.00 150,931,813.46 A-3 0.00 416,726.58 0.00 160,987,063.94 X-1 0.00 7,773.14 0.00 2,867,454.07 X-2 0.00 197,877.20 0.00 314,786,331.46 X-B 0.00 5,760.46 0.00 24,975,000.00 B-1 0.00 43,898.96 0.00 15,725,000.00 B-2 0.00 28,752.08 0.00 9,250,000.00 B-3 0.00 17,424.78 0.00 5,550,000.00 B-4 0.00 7,261.89 0.00 2,313,000.00 B-5 0.00 7,261.89 0.00 2,313,000.00 B-6 0.00 13,081.41 0.03 4,166,584.59 A-R 0.00 0.56 0.00 0.00 ---- ------------ ---- -------------- Totals 0.00 2,435,664.50 0.03 ---- ------------ ---- --------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall --- ------ ---- ---------------- -------- --------- --------- --------- A-1 500,000,000.00 3.73995% 822.48879426 2.56338912 0.00000000 0.00000000 0.00000000 A-2 185,687,000.00 3.13000% 842.70633399 2.19805905 0.00000000 0.00000000 0.00000000 A-3 196,500,000.00 3.01750% 843.37867216 2.12074595 0.00000000 0.00000000 0.00000000 X-1 3,500,000.00 3.16000% 843.37867143 2.22089714 0.00000000 0.00000000 0.00000000 X-2 0.00 0.73027% 843.05497844 0.51305126 0.00000000 0.00000000 0.00000000 X-B 0.00 0.27678% 1000.00000000 0.23064905 0.00000000 0.00000000 0.00000000 B-1 15,725,000.00 3.35000% 1000.00000000 2.79166677 0.00000000 0.00000000 0.00000000 B-2 9,250,000.00 3.73000% 1000.00000000 3.10833297 0.00000000 0.00000000 0.00000000 B-3 5,550,000.00 3.76752% 1000.00000000 3.13960000 0.00000000 0.00000000 0.00000000 B-4 2,313,000.00 3.76752% 1000.00000000 3.13959792 0.00000000 0.00000000 0.00000000 B-5 2,313,000.00 3.76752% 1000.00000000 3.13959792 0.00000000 0.00000000 0.00000000 B-6 4,166,584.59 3.76752% 1000.00000000 3.13960025 0.00000000 0.00000000 0.00000000 A-R 100.00 3.35265% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Realized Total Interest Interest Ending Certificate/ (5) Loss (6) Distribution Shortfall Notational Balance --- -------- ------------ --------- ------------------ A-1 0.00000000 2.56338912 0.00000000 786.08850042 A-2 0.00000000 2.19805905 0.00000000 812.82918815 A-3 0.00000000 2.12074595 0.00000000 819.27259003 X-1 0.00000000 2.22089714 0.00000000 819.27259143 X-2 0.00000000 0.51305126 0.00000000 816.17044769 X-B 0.00000000 0.23064905 0.00000000 1000.00000000 B-1 0.00000000 2.79166677 0.00000000 1000.00000000 B-2 0.00000000 3.10833297 0.00000000 1000.00000000 B-3 0.00000000 3.13960000 0.00000000 1000.00000000 B-4 0.00000000 3.13959792 0.00000000 1000.00000000 B-5 0.00000000 3.13959792 0.00000000 1000.00000000 B-6 0.00000000 3.13960025 0.00000000 1000.00000000 A-R 0.00000000 5.60000000 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 31,251,755.42 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 31,251,755.42 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 246,929.99 Payment of Interest and Principal 31,004,825.43 ------------- Total Withdrawals (Pool Distribution Amount) 31,251,755.42 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 242,728.19 Master Servicing Fee 4,201.80 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 246,929.99 ==========
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 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 17 6,806,576.64 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 1,250,680.39 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 1 259,999.98 120 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 -------- ------------ -------- -------- -------- -------- 21 8,317,257.01 0 0.00 0 0.00 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 0.708924% 0.911002% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.125104% 0.167393% 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 0.041701% 0.034799% 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% -------- -------- -------- -------- -------- -------- 0.875730% 1.113193% 0.000000% 0.000000% 0.000000% 0.000000% 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 17 6,806,576.64 60 Days 0 0.00 60 Days 3 1,250,680.39 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 1 259,999.98 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- -------- -------- ------------ 0 0.00 21 8,317,257.01 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 0.708924% 0.911002% 60 Days 0.000000% 0.000000% 60 Days 0.125104% 0.167393% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.041701% 0.034799% 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% 0.875730% 1.113193%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ---------- --------------- ------------ Class A 39,317,584.59 4.25052816% 39,317,584.59 5.26235443% 94.737646% 0.000000% Class B-1 23,592,584.59 2.55053677% 23,592,584.59 3.15768487% 2.104670% 39.994827% Class B-2 14,342,584.59 1.55054183% 14,342,584.59 1.91954395% 1.238041% 23.526369% Class B-3 8,792,584.59 0.95054487% 8,792,584.59 1.17681940% 0.742825% 14.115821% Class B-4 6,479,584.59 0.70049208% 6,479,584.59 0.86724225% 0.309577% 5.882864% Class B-5 4,166,584.59 0.45043930% 4,166,584.59 0.55766510% 0.309577% 5.882864% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.557665% 10.597255%
Please refer to the prospectus supplement for a full description of loss exposure 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 9 3,262,877.61 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 647,283.37 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 -------- ------------ -------- -------- -------- -------- 10 3,910,160.98 0 0.00 0 0.00 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 0.660793% 0.785779% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.073421% 0.155881% 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% -------- -------- -------- -------- -------- -------- 0.734214% 0.941660% 0.000000% 0.000000% 0.000000% 0.000000% 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 9 3,262,877.61 60 Days 0 0.00 60 Days 1 647,283.37 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 10 3,910,160.98 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 0.660793% 0.785779% 60 Days 0.000000% 0.000000% 60 Days 0.073421% 0.155881% 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% 0.734214% 0.941660%
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------- -------------------------------- --------------------------------- GROUP TWO No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 1.183654% 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 3 1,867,875.09 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 180,950.00 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 -------- ------------ -------- -------- -------- -------- 4 2,048,825.09 0 0.00 0 0.00 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 0.646552% 1.173454% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.215517% 0.113678% 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% -------- -------- -------- -------- -------- -------- 0.862069% 1.287132% 0.000000% 0.000000% 0.000000% 0.000000% 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 3 1,867,875.09 60 Days 0 0.00 60 Days 1 180,950.00 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 4 2,048,825.09 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 0.646552% 1.173454% 60 Days 0.000000% 0.000000% 60 Days 0.215517% 0.113678% 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% 0.862069% 1.287132%
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------- -------------------------------- --------------------------------- GROUP THREE No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 1.183654% 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 5 1,675,823.94 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 422,447.02 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 1 259,999.98 120 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 -------- ------------ -------- -------- -------- -------- 7 2,358,270.94 0 0.00 0 0.00 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 0.874126% 0.970176% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.174825% 0.244545% 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 0.174825% 0.150520% 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% -------- -------- -------- -------- -------- -------- 1.223776% 1.365262% 0.000000% 0.000000% 0.000000% 0.000000% 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 5 1,675,823.94 60 Days 0 0.00 60 Days 1 422,447.02 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 1 259,999.98 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- -------- -------- ------------ 0 0.00 7 2,358,270.94 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 0.874126% 0.970176% 60 Days 0.000000% 0.000000% 60 Days 0.174825% 0.244545% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.174825% 0.150520% 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% 1.223776% 1.365262%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 4.150431% Weighted Average Net Coupon 3.774941% Weighted Average Pass-Through Rate 3.767864% Weighted Average Maturity (Stepdown Calculation) 335 Beginning Scheduled Collateral Loan Count 2,477 Number of Loans Paid in Full 79 Ending Scheduled Collateral Loan Count 2,398 Beginning Scheduled Collateral Balance 775,717,327.19 Ending Scheduled Collateral Balance 747,148,166.26 Ending Actual Collateral Balance at 31-Mar-2005 747,152,904.93 Monthly P&I Constant 2,686,770.70 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 30,881,383.39 Scheduled Principal 3,803.05 Unscheduled Principal 28,565,357.88
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 4.122392 4.271332 4.106712 4.150431 Weighted Average Net Rate 3.747059 3.895993 3.730701 3.774941 Pass-Through Rate 3.739951 3.888375 3.724201 3.767864 Weighted Average Maturity 336 331 336 335 Record Date 03/31/2005 03/31/2005 03/31/2005 03/31/2005 Principal and Interest Constant 1,492,184.27 586,419.66 608,166.77 2,686,770.70 Beginning Loan Count 1.,411 479 587 2,477 Loans Paid in Full 49 15 15 79 Ending Loan Count 1,362 464 572 2,398 Beginning Scheduled Balance 433,438,552.95 164,724,923.68 177,553,850.56 775,717,327.19 Ending Scheduled Balance 415,238,406.03 159,177,126.10 172,732,634.13 747,148,166.26 Scheduled Principal 3,181.16 90.61 531.28 3,803.05 Unscheduled Principal 18,196,965.76 5,547,706.97 4,820,685.15 28,565,357.88 Scheduled Interest 1,489,003.11 586,329.05 607,635.49 2,682,967.65 Servicing Fee 135,569.83 51,523.07 55,635.29 242,728.19 Master Servicing Fee 2,347.79 892.26 961.75 4,201.80 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 219.74 153.43 0.00 373.17 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 1,350,865.75 533,760.29 551,038.45 2,435,664.49 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 94.879515% 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 94.994496% 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 94.999761% 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