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

Contract Categories: Business Finance › Trust Agreements
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 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 beginning and ending balances, payment rates, 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.

Read More Arrow
EX-10.1 2 f06743bexv10w1.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: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Ending Certificate Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss Balance - ------ --------- ----------- ----------------- -------------- ------------ ------------- ------------- ------------------ A-1 81744FCG0 SEN 3.70269% 438,845,240.19 1,354,089.33 15,180,141.33 0.00 423,665,098.86 A-2 81744FCH8 SEN 2.78000% 164,625,622.44 381,382.69 4,133,918.66 0.00 160,491,703.78 A-3-A 81744FCJ4 SEN 3.01750% 175,186,052.29 440,519.93 4,513,049.23 0.00 170,673,003.06 A-3-B 81744FCU9 SEN 3.16000% 3,120,362.25 8,216.95 80,385.10 0.00 3,039,977.15 X-A 81744FCK1 IO 0.75287% 0.00 215,152.63 0.00 0.00 0.00 X-B 81744FCL9 IO 0.54230% 0.00 11,286.62 0.00 0.00 0.00 B-1 81744FCN5 SUB 3.00000% 15,725,000.00 39,312.50 0.00 0.00 15,725,000.00 B-2 81744FCP0 SUB 3.38000% 9,250,000.00 26,054.17 0.00 0.00 9,250,000.00 B-3 81744FCQ8 SUB 3.68304% 5,550,000.00 17,034.06 0.00 0.00 5,550,000.00 B-4 81744FCR6 SUB 3.68304% 2,313,000.00 7,099.06 0.00 0.00 2,313,000.00 B-5 81744FCS4 SUB 3.68304% 2,313,000.00 7,099.06 0.00 0.00 2,313,000.00 B-6 81744FCT2 SUB 3.68304% 4,166,584.59 12,788.08 0.00 0.00 4,166,584.59 A-R 81744FCM7 R 3.35971% 0.00 0.00 0.00 0.00 0.00 --------- ----------- ------- -------------- ------------ ------------- ---- -------------- Totals 821,094,861.76 2,520,035.75 23,907,494.32 0.00 797,187,367.44 --------- ----------- ------- -------------- ------------ ------------- ---- -------------- Total Cumulative Class Distribution Realized Loss - ------ ------------- ------------- A-1 16,534,230.66 0.00 A-2 4,515,301.35 0.00 A-3-A 4,953,569.16 0.00 A-3-B 88,602.05 0.00 X-A 215,152.63 0.00 X-B 11,286.62 0.00 B-1 39,312.50 0.00 B-2 26,054.17 0.00 B-3 17,034.06 0.00 B-4 7,099.06 0.00 B-5 7,099.06 0.00 B-6 12,788.08 0.00 A-R 0.00 0.00 ------------- ---- Totals 26,427,530.07 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 Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ------ -------------- -------------- ------------ ------------- --------- -------- --------------- ------------------ A-1 500,000,000.00 438,845,240.19 125,192.81 15,054,948.52 0.00 0.00 15,180,141.33 423,665,098.86 A-2 185,687,000.00 164,625,622.44 14,127.14 4,119,791.52 0.00 0.00 4,133,918.66 160,491,703.78 A-3 196,500,000.00 175,186,052.29 48,464.89 4,464,584.34 0.00 0.00 4,513,049.23 170,673,003.06 X-1 3,500,000.00 3,120,362.25 863.24 79,521.86 0.00 0.00 80,385.10 3,039,977.15 X-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,725,000.00 15,725,000.00 0.00 0.00 0.00 0.00 0.00 15,725,000.00 B-2 9,250,000.00 9,250,000.00 0.00 0.00 0.00 0.00 0.00 9,250,000.00 B-3 5,550,000.00 5,550,000.00 0.00 0.00 0.00 0.00 0.00 5,550,000.00 B-4 2,313,000.00 2,313,000.00 0.00 0.00 0.00 0.00 0.00 2,313,000.00 B-5 2,313,000.00 2,313,000.00 0.00 0.00 0.00 0.00 0.00 2,313,000.00 B-6 4,166,584.59 4,166,584.59 0.00 0.00 0.00 0.00 0.00 4,166,584.59 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ---------- ------------- ---- ---- ------------- -------------- Totals 925,004,684.59 821,094,861.76 188,648.08 23,718,846.24 0.00 0.00 23,907,494.32 797,187,367.44 -------------- -------------- ---------- ------------- ---- ---- ------------- -------------- Ending Certificate Total Principal Class Percentage Distribution - ------ ------------------ --------------- A-1 0.84733020 15,180,141.33 A-2 0.86431308 4,133,918.66 A-3 0.86856490 4,513,049.23 X-1 0.86856490 80,385.10 X-2 0.00000000 0.00 X-B 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 A-R 0.00000000 0.00 ---------- ------------- Totals 0.86181982 23,907,494.32 ---------- -------------
(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 Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ------ -------------- ------------- ------------ ------------ ---------- ---------- --------------- ------------------ A-1 500,000,000.00 877.69048038 0.25038562 30.10989704 0.00000000 0.00000000 30.36028266 847.33019772 A-2 185,687,000.00 886.57591775 0.07608039 22.18675255 0.00000000 0.00000000 22.26283294 864.31308481 A-3 196,500,000.00 891.53207272 0.24664066 22.72053099 0.00000000 0.00000000 22.96717165 868.56490107 X-1 3,500,000.00 891.53207143 0.24664000 22.72053143 0.00000000 0.00000000 22.96717143 868.56490000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 9,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 5,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 2,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 2,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 4,166,584.59 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Certificate Total Principal Class Percentage Distribution - ------ ------------------ --------------- A-1 0.84733020 30.36028266 A-2 0.86431308 22.26283294 A-3 0.86856490 22.96717165 X-1 0.86856490 22.96717143 X-2 0.00000000 0.00000000 X-B 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 1.00000000 0.00000000 A-R 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Total Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------ -------------- ---------------- -------------- ------------ ---------- --------- --------- -------- -------------- A-1 500,000,000.00 3.70269% 438,845,240.19 1,354,089.33 0.00 0.00 0.00 0.00 1,354,089.33 A-2 185,687,000.00 2.78000% 164,625,622.44 381,382.69 0.00 0.00 0.00 0.00 381,382.69 A-3 196,500,000.00 3.01750% 175,186,052.29 440,519.93 0.00 0.00 0.00 0.00 440,519.93 X-1 3,500,000.00 3.16000% 3,120,362.25 8,216.95 0.00 0.00 0.00 0.00 8,216.95 X-2 0.00 0.75287% 342,932,036.98 215,152.63 0.00 0.00 0.00 0.00 215,152.63 X-B 0.00 0.54230% 24,975,000.00 11,286.62 0.00 0.00 0.00 0.00 11,286.62 B-1 15,725,000.00 3.00000% 15,725,000.00 39,312.50 0.00 0.00 0.00 0.00 39,312.50 B-2 9,250,000.00 3.38000% 9,250,000.00 26,054.17 0.00 0.00 0.00 0.00 26,054.17 B-3 5,550,000.00 3.68304% 5,550,000.00 17,034.06 0.00 0.00 0.00 0.00 17,034.06 B-4 2,313,000.00 3.68304% 2,313,000.00 7,099.06 0.00 0.00 0.00 0.00 7,099.06 B-5 2,313,000.00 3.68304% 2,313,000.00 7,099.06 0.00 0.00 0.00 0.00 7,099.06 B-6 4,166,584.59 3.68304% 4,166,584.59 12,788.08 0.00 0.03 0.00 0.00 12,788.08 A-R 100.00 3.35971% 0.00 0.00 0.00 0.00 0.00 0.00 0.67 -------------- ------- -------------- ------------ ---- ---- ---- ---- ------------ Totals 925,004,684.59 2,520,035.08 0.00 0.03 0.00 0.00 2,520,035.75 -------------- ------- -------------- ------------ ---- ---- ---- ---- ------------ Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------ --------- -------------- A-1 0.00 423,665,098.86 A-2 0.00 160,491,703.78 A-3 0.00 170,673,003.06 X-1 0.00 3,039,977.15 X-2 0.00 334,204,683.99 X-B 0.00 24,975,000.00 B-1 0.00 15,725,000.00 B-2 0.00 9,250,000.00 B-3 0.00 5,550,000.00 B-4 0.00 2,313,000.00 B-5 0.00 2,313,000.00 B-6 0.03 4,166,584.59 A-R 0.00 0.00 ---- -------------- Totals 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 Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ---------- A-1 500,000,000.00 3.70269% 877.69048038 2.70817866 0.00000000 0.00000000 0.00000000 0.00000000 A-2 185,687,000.00 2.78000% 886.57591775 2.05390087 0.00000000 0.00000000 0.00000000 0.00000000 A-3 196,500,000.00 3.01750% 891.53207272 2.24183170 0.00000000 0.00000000 0.00000000 0.00000000 X-1 3,500,000.00 3.16000% 891.53207143 2.34770000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.75287% 889.14595768 0.55784258 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.54230% 1000.00000000 0.45191672 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,725,000.00 3.00000% 1000.00000000 2.50000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 9,250,000.00 3.38000% 1000.00000000 2.81666703 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,550,000.00 3.68304% 1000.00000000 3.06920000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,313,000.00 3.68304% 1000.00000000 3.06920017 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,313,000.00 3.68304% 1000.00000000 3.06920017 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,166,584.59 3.68304% 1000.00000000 3.06919966 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.35971% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 -------------- -------- ------------ ---------- ---------- ---------- ---------- ---------- Remaining Ending Unpaid Certificate/ Class Total Interest Interest Notational (5) Distribution Shortfall Balance - ----- -------------- ---------- ------------- A-1 2.70817866 0.00000000 847.33019772 A-2 2.05390087 0.00000000 864.31308481 A-3 2.24183170 0.00000000 868.56490107 X-1 2.34770000 0.00000000 868.56490000 X-2 0.55784258 0.00000000 866.51788624 X-B 0.45191672 0.00000000 1000.00000000 B-1 2.50000000 0.00000000 1000.00000000 B-2 2.81666703 0.00000000 1000.00000000 B-3 3.06920000 0.00000000 1000.00000000 B-4 3.06920017 0.00000000 1000.00000000 B-5 3.06920017 0.00000000 1000.00000000 B-6 3.06919966 0.00000000 1000.00000000 A-R 6.70000000 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 26,685,664.24 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 50,099.09 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 26,735,763.33 Withdrawals Reimbursement for Servicer Advances 46,870.61 Payment of Service Fee 261,362.65 Payment of Interest and Principal 26,427,530.07 ------------- Total Withdrawals (Pool Distribution Amount) 26,735,763.33 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 256,915.05 Master Servicing Fee 4,447.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 261,362.65 ==========
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 42 13,306,560.01 60 Days 3 1,532,697.73 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 45 14,839,257.74 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.662050% 1.669184% 60 Days 0.118718% 0.192263% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- -------- 1.780768% 1.861447%
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 42 13,306,560.01 60 Days 3 1,532,697.73 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------- ------------- 45 14,839,257 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.662050% 1.669184% 60 Days 0.118718% 0.192263% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ---------- 1.780768% 1.861447%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 50,099.09
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 39,317,584.59 4.25052816% 39,317,584.59 4.93203809% 95.067962% 0.000000% Class B-1 23,592,584.59 2.55053677% 23,592,584.59 2.95947798% 1.972560% 39.994827% Class B-2 14,342,584.59 1.55054183% 14,342,584.59 1.79914850% 1.160329% 23.526369% Class B-3 8,792,584.59 0.95054487% 8,792,584.59 1.10295082% 0.696198% 14.115821% Class B-4 6,479,584.59 0.70049208% 6,479,584.59 0.81280573% 0.290145% 5.882864% Class B-5 4,166,584.59 0.45043930% 4,166,584.59 0.52266064% 0.290145% 5.882864% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.522661% 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 28 9,285,420.57 60 Days 1 649,097.75 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------ ------------ 29 9,934,518.32 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.943095% 2.082583% 60 Days 0.069396% 0.145583% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 2.012491% 2.228166%
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 0.0 30 Days 28 9,285,420.5 60 Days 1 649,097.7 90 Days 0 0.0 120 Days 0 0.0 150 Days 0 0.0 180+ Days 0 0.0 ------ ----------- 29 9,934,518.3 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.943095% 2.082583% 60 Days 0.069396% 0.145583% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 2.012491% 2.228166%
DELINQUENT GROUP TWO No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 10 2,722,243.32 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 ------- ------------ 10 2,722,243.32 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.049180% 1.613303% 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% --------- --------- 2.049180% 1.613303%
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 10 2,722,243.32 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 ------ ------------ 10 2,722,243.32 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.049180% 1.613303% 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% -------- -------- 2.049180% 1.613303%
DELINQUENT GROUP THREE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 4 1,298,896.12 60 Days 2 883,599.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------- ------------ 6 2,182,496.10 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.668896% 0.711367% 60 Days 0.334448% 0.483922% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.003344% 1.195289%
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 4 1,298,896.12 60 Days 2 883,599.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------- ------------ 6 2,182,496.10 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.668896% 0.711367% 60 Days 0.334448% 0.483922% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.003344% 1.195289%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 4.065458% Weighted Average Net Coupon 3.689986% Weighted Average Pass-Through Rate 3.682940% Weighted Average Maturity (Stepdown Calculation) 337 Beginning Scheduled Collateral Loan Count 2.577 Number of Loans Paid in Full 50 Ending Scheduled Collateral Loan Count 2,527 Beginning Scheduled Collateral Balance 821,094,861.76 Ending Scheduled Collateral Balance 797,187,367.44 Ending Actual Collateral Balance at 31-Jan-2005 797,189,404.22 Monthly P&I Constant 2,970,419.98 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 26,306,855.84 Scheduled Principal 188,648.08 Unscheduled Principal 23,718,846.24
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 4.085090 4.012613 4.065906 4.065458 Weighted Average Net Rate 3.709762 3.637287 3.689943 3.689986 Pass-Through Rate 3.702690 3.629722 3.683443 3.682940 Weighted Average Maturity 338 333 338 337 Record Date 01/31/2005 01/31/2005 01/31/2005 01/31/2005 Principal and Interest Constant 1,694,682.31 592,180.68 683,556.99 2,970,419.98 Beginning Loan Count 1,470 498 609 2,577 Loans Paid in Full 29 10 11 50 Ending Loan Count 1,441 488 598 2,527 Beginning Scheduled Balance 461,039,396.01 172,870,935.08 187,184,530.67 821,094,861.76 Ending Scheduled Balance 445,859,254.68 168,737,016.42 182,591,096.34 797,187,367.44 Scheduled Principal 125,192.81 14,127.14 49,328.13 188,648.08 Unscheduled Principal 15,054,948.52 4,119,791.525 4,544,106.20 23,718,846.24 Scheduled Interest 1,569,489.50 578,053.54 634,228.86 2,781,771.90 Servicing Fee 144,200.62 54,069.15 58,645.28 256,915.05 Master Servicing Fee 2,497.30 936.38 1,013.92 4,447.60 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 220.05 153.48 0.00 373.53 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 1,422,571.53 522,894.53 574,569.66 2,520,035.72 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 95.186061% 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 95.230365% 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 95.257025% 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