Certificateholder Distribution Summary for SMT Series 2004-6 (August 2004) – Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2004-6 trust. It details the interest and principal payments made to holders of various classes of certificates as of August 31, 2004, with distributions occurring on September 20, 2004. The summary includes beginning balances, distribution amounts, and ending balances for each class, as well as information on realized losses and principal factors. All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 2 f02248gexv10w1.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: AUGUST 31, 2004 DISTRIBUTION DATE: SEPTEMBER 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 2.80364% 487,737,776.98 1,139,533.82 4,740,808.39 A-2 81744FCH8 SEN 1.88000% 181,840,305.20 284,883.14 2,780,961.00 A-3-A 81744FCJ4 SEN 2.16375% 191,970,670.81 346,147.12 2,567,196.69 A-3-B 81744FCU9 SEN 2.30625% 3,419,324.93 6,571.52 45,726.15 X-A 81744FCK1 IO 0.74591% 0.00 234,481.81 0.00 X-B 81744FCL9 IO 0.55007% 0.00 11,448.81 0.00 B-1 81744FCN5 SUB 2.10000% 15,725,000.00 27,518.75 0.00 B-2 81744FCP0 SUB 2.48000% 9,250,000.00 19,116.67 0.00 B-3 81744FCQ8 SUB 2.79081% 5,550,000.00 12,907.50 0.00 B-4 81744FCR6 SUB 2.79081% 2,313,000.00 5,379.29 0.00 B-5 81744FCS4 SUB 2.79081% 2,313,000.00 5,379.29 0.00 B-6 81744FCT2 SUB 2.79081% 4,166,584.59 9,690.13 0.00 A-R 81744FCM7 R 2.80455% 0.00 0.13 0.00 -------------- ------------ ------------- Totals 904,285,662.51 2,103,057.52 10,134,692.23 -------------- ------------ ------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ------ --------- ------------- ------------------ ------------- ------------- A-1 81744FCG0 0.00 482,996,968.59 5,880,342.21 0.00 A-2 81744FCH8 0.00 179,059,344.20 3,065,844.14 0.00 A-3-A 81744FCJ4 0.00 189,403,474.12 2,913,343.81 0.00 A-3-B 81744FCU9 0.00 3,373,598.78 52,297.67 0.00 X-A 81744FCK1 0.00 0.00 234,481.81 0.00 X-B 81744FCL9 0.00 0.00 11,448.35 0.00 B-1 81744FCN5 0.00 15,725,000.00 27,518.75 0.00 B-2 81744FCP0 0.00 9,250,000.00 19,116.67 0.00 B-3 81744FCQ8 0.00 5,550,000.00 12,907.50 0.00 B-4 81744FCR6 0.00 2,313,000.00 5,379.29 0.00 B-5 81744FCS4 0.00 2,313,000.00 5,379.29 0.00 B-6 81744FCT2 0.00 4,166,584.59 9,690.13 0.00 A-R 81744FCM7 0.00 0.00 0.13 0.00 ---- -------------- ------------- ---- Totals 0.00 894,150,970.28 12,237,749.75 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-1 500,000,000.00 487,737,776.98 1,634.35 4,739,174.04 0.00 0.00 A-2 185,687,000.00 181,840,305.20 221.00 2,780,740.00 0.00 0.00 A-3 196,500,000.00 191,970,670.81 999.12 2,566,197.57 0.00 0.00 X-1 3,500,000.00 3,419,324.93 17.80 45,708.35 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 925,004,684.59 904,285,662.51 2,872.27 10,131,819.96 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------ --------------- A-1 4,740,808.39 482,996,968.59 0.96599394 4,740,808.39 A-2 2,780,961.00 179,059,344.20 0.96430738 2,780,961.00 A-3 2,567,196.69 189,403,474.12 0.96388536 2,567,196.69 X-1 45,726.15 3,373,598.78 0.96388537 45,726.15 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 10,134,692.23 894,150,970.28 0.96664480 10,134,692.23 ------------- -------------- ---------- --------------
(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-1 500,000,000.00 975.47555396 0.00326870 9.47834808 0.00000000 0.00000000 A-2 185,687,000.00 979.28398434 0.00119017 14.97541562 0.00000000 0.00000000 A-3 196,500,000.00 976.94997868 0.00508458 13.05952962 0.00000000 0.00000000 X-1 3,500,000.00 976.94998000 0.00508571 13.05952857 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 9.48161678 965.99393718 0.96599394 9.48161678 A-2 14.97660579 964.30737855 0.96430738 14.97660579 A-3 13.06461420 963.88536448 0.96388536 13.06461420 X-1 13.06461429 963.88536571 0.96388537 13.06461429 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 Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----- -------------- ---------------- -------------- ------------ ---------- --------- --------- -------- A-1 500,000,000.00 2.80364% 487,737,776.98 1,139,533.82 0.00 0.00 0.00 0.00 A-2 185,687,000.00 1.88000% 181,840,305.20 284,883.14 0.00 0.00 0.00 0.00 A-3 196,500,000.00 2.16375% 191,970,670.81 346,147.12 0.00 0.00 0.00 0.00 X-1 3,500,000.00 2.30625% 3,419,324.93 6,571.52 0.00 0.00 0.00 0.00 X-2 0.00 0.74591% 377,230,300.94 234,481.81 0.00 0.00 0.00 0.00 X-B 0.00 0.55007% 24,975,000.00 11,448.35 0.00 0.00 0.00 0.00 B-1 15,725,000.00 2.10000% 15,725,000.00 27,518.75 0.00 0.00 0.00 0.00 B-2 9,250,000.00 2.48000% 9,250,000.00 19,116.67 0.00 0.00 0.00 0.00 B-3 5,550,000.00 2.79081% 5,550,000.00 12,907.50 0.00 0.00 0.00 0.00 B-4 2,313,000.00 2.79081% 2,313,000.00 5,379.29 0.00 0.00 0.00 0.00 B-5 2,313,000.00 2.79081% 2,313,000.00 5,379.29 0.00 0.00 0.00 0.00 B-6 4,166,584.59 2.79081% 4,166,584.59 9,690.13 0.00 0.00 0.00 0.00 A-R 100.00 2.80455% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 925,004,684.59 2,103,057.39 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- -------------- --------- -------------- A-1 1,139,533.82 0.00 482,996,968.59 A-2 284,883.14 0.00 179,059,344.20 A-3 346,147.12 0.00 189,403,474.12 X-1 6,571.52 0.00 3,373,598.78 X-2 234,481.81 0.00 371,836,417.10 X-B 11,448.35 0.00 24,975,000.00 B-1 27,518.75 0.00 15,725,000.00 B-2 19,116.67 0.00 9,250,000.00 B-3 12,907.50 0.00 5,550,000.00 B-4 5,379.29 0.00 2,313,000.00 B-5 5,379.29 0.00 2,313,000.00 B-6 9,690.13 0.00 4,166,584.59 A-R 0.13 0.00 0.00 ------------ ---- Totals 2,103,057.52 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 Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- ------------- ----------- ---------------- --------------- ---------- --------- --------- ---------- A-1 500,000,000.00 2.80364% 975.47555396 2.27906764 0.00000000 0.00000000 0.00000000 0.00000000 A-2 185,687,000.00 1.88000% 979.28398434 1.53421155 0.00000000 0.00000000 0.00000000 0.00000000 A-3 196,500,000.00 2.16375% 976.94997868 1.76156295 0.00000000 0.00000000 0.00000000 0.00000000 X-1 3,500,000.00 2.30625% 976.94998000 1.87757714 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.74591% 978.07367357 0.60795881 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.55007% 1000.00000000 0.45839239 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,725,000.00 2.10000% 1000.00000000 1.75000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 9,250,000.00 2.48000% 1000.00000000 2.06666703 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,550,000.00 2.79081% 1000.00000000 2.32567568 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,313,000.00 2.79081% 1000.00000000 2.32567661 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,313,000.00 2.79081% 1000.00000000 2.32567661 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,166,584.59 2.79081% 1000.00000000 2.32567701 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.80455% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- --------- ------------------- A-1 2.27906764 0.00000000 965.99393718 A-2 1.53421155 0.00000000 964.30737855 A-3 1.76156295 0.00000000 963.88536448 X-1 1.87757714 0.00000000 963.88536571 X-2 0.60795881 0.00000000 964.08854097 X-B 0.45839239 0.00000000 1000.00000000 B-1 1.75000000 0.00000000 1000.00000000 B-2 2.06666703 0.00000000 1000.00000000 B-3 2.32567568 0.00000000 1000.00000000 B-4 2.32567661 0.00000000 1000.00000000 B-5 2.32567661 0.00000000 1000.00000000 B-6 2.32567701 0.00000000 1000.00000000 A-R 1.30000000 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 12,543,845.36 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 12,920.67 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 12,556,766.03 Withdrawals Reimbursement for Servicer Advances 31,171.90 Payment of Service Fee 287,844.39 Payment of Interest and Principal 12,237,749.74 ------------- Total Withdrawals (Pool Distribution Amount) 12,556,766.03 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 282,946.18 Master Servicing Fee 4,898.21 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 287,844.39 ==========
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 14 4,543,318.86 60 Days 2 706,000.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 16 5,249,318.86
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.509276% 0.508115% 60 Days 0.072754% 0.078958% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.582030% 0.587073%
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 4,543,318.86 60 Days 2 706,000.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 16 5,249,318.86
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.509276% 0.508115% 60 Days 0.072754% 0.078958% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.582030% 0.587073%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 12,920.67
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 39,317,584.59 4.25052816% 39,317,584.59 4.39719755% 95.602802% 0.000000% Class B-1 23,592,584.59 2.55053677% 23,592,584.59 2.63854599% 1.758652% 39.994827% Class B-2 14,342,584.59 1.55054183% 14,342,584.59 1.60404507% 1.034501% 23.526369% Class B-3 8,792,584.59 0.95054487% 8,792,584.59 0.98334452% 0.620701% 14.115821% Class B-4 6,479,584.59 0.70049208% 6,479,584.59 0.72466337% 0.258681% 5.882864% Class B-5 4,166,584.59 0.45043930% 4,166,584.59 0.46598223% 0.258681% 5.882864% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.465982% 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 9 3,370,853.03 60 Days 1 282,000.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 10 3,652,853.03
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.573248% 0.667243% 60 Days 0.063694% 0.055820% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.636943% 0.723063%
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 9 3,370,853.03 60 Days 1 282,000.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 10 3,652,853.03
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.573248% 0.667243% 60 Days 0.063694% 0.055820% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.636943% 0.723063%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 3 733,465.83 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 -- ---------- 3 733,465.83
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.566038% 0.391590% 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% -------- -------- 0.566038% 0.391590%
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 3 733,465.83 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 -- ---------- 3 733,465.83
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.566038% 0.391590% 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% -------- -------- 0.566038% 0.391590%
DELINQUENT GROUP THREE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 2 439,000.00 60 Days 1 424,000.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---------- 3 863,000.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.308166% 0.217698% 60 Days 0.154083% 0.210260% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.462250% 0.427958%
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 2 439,000.00 60 Days 1 424,000.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ---------- 3 863,000.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.308166% 0.217698% 60 Days 0.154083% 0.210260% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.462250% 0.427958%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.173308% Weighted Average Net Coupon 2.797835% Weighted Average Pass-Through Rate 2.790788% Weighted Average Maturity (Stepdown Calculation) 342 Beginning Scheduled Collateral Loan Count 2,770 Number of Loans Paid in Full 21 Ending Scheduled Collateral Loan Count 2,749 Beginning Scheduled Collateral Balance 904,285,662.51 Ending Scheduled Collateral Balance 894,150,970.28 Ending Actual Collateral Balance at 31-Aug-2004 894,151,435.34 Monthly P&I Constant 2,394,183.19 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,146,309.64 Scheduled Principal 2,868.74 Unscheduled Principal 10,131,823.49
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 3.185955 3.139648 3.173062 3.173308 Weighted Average Net Rate 2.810658 2.764142 2.797177 2.797835 Pass-Through Rate 2.803639 2.756672 2.790452 2.790788 Weighted Average Maturity 343 338 343 342 Record Date 08/31/2004 08/31/2004 08/31/2004 08/31/2004 Principal and Interest Constant 1,355,480.81 497,555.92 541,146.46 2,394,183.19 Beginning Loan Count 1,578 537 655 2,770 Loans Paid in Full 8 7 6 21 Ending Loan Count 1,570 530 649 2,749 Beginning Scheduled Balance 509,931,932.80 190,085,617.84 204,268,111.87 904,285,662.51 Ending Scheduled Balance 505,191,124.41 187,304,656.84 201,655,189.03 894,150,970.28 Scheduled Principal 1,630.82 221.00 1,016.92 2,868.74 Unscheduled Principal 4,739,177.57 2,780,740.00 2,611,905.92 10,131,823.49 Scheduled Interest 1,353,849.99 497,334.92 540,129.54 2,391,314.45 Servicing Fee 159,479.74 59,481.95 63,984.49 282,946.18 Master Servicing Fee 2,762.13 1,029.63 1,106.45 4,898.21 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 220.44 153.54 38.29 412.27 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 1,191,387.68 436,669.80 475,000.31 2,103,057.79 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 95.647624% 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 95.662316% 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 95.653695% 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