Wells Fargo Bank Minnesota, N.A. SMT Series 2004-7 Certificateholder Distribution Statement (March 2005)

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 2004-7 trust. It details the interest and principal payments made to certificateholders as of the February 28, 2005 record date and March 21, 2005 distribution date. The statement lists the classes of certificates, their balances, interest rates, and distributions, as well as confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f07714jexv10w1.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 2004-7 RECORD DATE: FEBRUARY 28, 2005 DISTRIBUTION DATE: MARCH 21, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Class CUSIP Description Rate Certificate Balance Distribution Distribution - ----- --------- ----------- ------------ ------------------- ------------ --------------- A-1 81744FCV7 SEN 3.83179% 447,436,022.78 1,428,735.74 10,950,768.96 A-2 81744FCW5 SEN 2.90813% 225,579,896.58 546,679.72 3,378,278.16 A-3-A 81744FCX3 SEN 3.22750% 217,679,961.25 585,468.40 7,824,763.50 A-3-B 81744FDH7 SEN 3.45250% 3,474,111.55 9,995.31 124,881.05 X-A 81744FCY1 IO 0.78258% 0.00 291,337.77 0.00 X-B 81744FCZ8 IO 0.54953% 0.00 13,703.99 0.00 B-1 81744FDB0 SUB 3.14813% 18,900,000.00 49,583.05 0.00 B-2 81744FDC8 SUB 3.53813% 11,025,000.00 32,506.57 0.00 B-3 81744FDD6 SUB 3.84135% 6,300,000.00 20,167.08 0.00 B-4 81744FDE4 SUB 3.84135% 3,150,000.00 10,083.54 0.00 B-5 81744FDF1 SUB 3.84135% 2,625,000.00 8,402.95 0.00 B-6 81744FDG9 SUB 3.84135% 5,250,582.74 16,807.76 0.00 A-R 81744FDA2 RES 3.37868% 0.00 1.00 0.00 -------------- ------------ ------------- Totals 941,420,574.90 3,013,472.88 22,278,691.67 -------------- ------------ ------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ----- --------- ------------- ------- ------------ ------------- A-1 81744FCV7 0.00 436,485,253.82 12,379,504.70 0.00 A-2 81744FCW5 0.00 222,201,618.42 3,924,957.88 0.00 A-3-A 81744FCX3 0.00 209,855.197.74 8,410,231.90 0.00 A-3-B 81744FDH7 0.00 3,349,230.51 134,876.36 0.00 X-A 81744FCY1 0.00 0.00 291,337.77 0.00 X-B 81744FCZ8 0.00 0.00 13,703.99 0.00 B-1 81744FDB0 0.00 18,900,000.00 49,583.05 0.00 B-2 81744FDC8 0.00 11,025,000.00 32,506.57 0.00 B-3 81744FDD6 0.00 6,300,000.00 20,167.08 0.00 B-4 81744FDE4 0.00 3,150,000.00 10,083.54 0.00 B-5 81744FDF1 0.00 2,625,000.00 8,402.95 0.00 B-6 81744FDG9 0.00 5,250,582.74 16,807.76 0.00 A-R 81744FDA2 0.00 0.00 1.00 0.00 ---- -------------- ------------- ---- Totals 0.00 919,141,883.23 25,292,164.55 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-1 498,828,000.00 447,436,022.78 0.00 10,950,768.96 0.00 0.00 A-2 252,102,000.00 225,579,896.58 0.00 3,378,278.16 0.00 0.00 A-3-A 247,874,000.00 217,679,961.25 0.00 7,824,763.50 0.00 0.00 A-3-B 3,956,000.00 3,474,111.55 0.00 124,881.05 0.00 0.00 X-A 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 18,900,000.00 18,900,000.00 0.00 0.00 0.00 0.00 B-2 11,025,000.00 11,025,000.00 0.00 0.00 0.00 0.00 B-3 6,300,000.00 6,300,000.00 0.00 0.00 0.00 0.00 B-4 3,150,000.00 3,150,000.00 0.00 0.00 0.00 0.00 B-5 2,625,000.00 2,625,000.00 0.00 0.00 0.00 0.00 B-6 5,250,582.74 5,250,582.74 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 ---------------- -------------- ---- ------------- ---- ---- Totals 1,050,010,682.74 941,420,574.90 0.00 22,278,691.67 0.00 0.00 ---------------- -------------- ---- ------------- ---- ---- Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ ------------- -------------- ----------- --------------- A-1 10,950,768.96 436,485,253.82 0.87502156 10,950,768.96 A-2 3,378,278.16 222,201,618.42 0.88139570 3,378,278.16 A-3-A 7,824,763.50 209,855,197.74 0.84662045 7,824,763.50 A-3-B 124,881.05 3,349,230.51 0.84662045 124,881.05 X-A 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 18,900,000.00 1.00000000 0.00 B-2 0.00 11,025,000.00 1.00000000 0.00 B-3 0.00 6,300,000.00 1.00000000 0.00 B-4 0.00 3,150,000.00 1.00000000 0.00 B-5 0.00 2,625,000.00 1.00000000 0.00 B-6 0.00 5,250,582.74 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ----------- -------------- Totals 22,278,691.67 919,141,883.23 0.87536432 22,278,691.67 ------------- -------------- ----------- --------------
(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-1 498,828,000.00 896.97455391 0.00000000 21.95299574 0.00000000 0.00000000 A-2 252,102,000.00 894.79614037 0.00000000 13.40044173 0.00000000 0.00000000 A-3-A 247,874,000.00 878.18795537 0.00000000 31.56750405 0.00000000 0.00000000 A-3-B 3,956,000.00 878.18795501 0.00000000 31.56750506 0.00000000 0.00000000 X-A 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 18,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 11,025,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 6,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 3,150,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 5,250,582.74 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 Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- ----------- ------------- ----------- --------------- A-1 21.95299574 875.02155817 0.87502156 21.95299574 A-2 13.40044173 881.39569865 0.88139570 13.40044173 A-3-A 31.56750405 846.62045128 0.84662045 31.56750405 A-3-B 31.56750506 846.62045248 0.84662045 31.56750506 X-A 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------ ---------------- ----------- -------------- ------------ ---------- --------- ------------- -------- A-1 498,828,000.00 3.83179% 447,436,022.78 1,428,735.74 0.00 0.00 0.00 0.00 A-2 252,102,000.00 2.90813% 225,579,896.58 546,679.72 0.00 0.00 0.00 0.00 A-3-A 247,874,000.00 3.22750% 217,679,961.25 585,468.40 0.00 0.00 0.00 0.00 A-3-B 3,956,000.00 3.45250% 3,474,111.55 9,995.31 0.00 0.00 0.00 0.00 X-A 0.00 0.78258% 446,733,969.38 291,337.77 0.00 0.00 0.00 0.00 X-B 0.00 0.54953% 29,925,000.00 13,703.99 0.00 0.00 0.00 0.00 B-1 18,900,000.00 3.14813% 18,900,000.00 49,583.05 0.00 0.00 0.00 0.00 B-2 11,025,000.00 3.53813% 11,025,000.00 32,506.57 0.00 0.00 0.00 0.00 B-3 6,300,000.00 3.84135% 6,300,000.00 20,167.08 0.00 0.00 0.00 0.00 B-4 3,150,000.00 3.84135% 3,150,000.00 10,083.54 0.00 0.00 0.00 0.00 B-5 2,625,000.00 3.84135% 2,625,000.00 8,402.95 0.00 0.00 0.00 0.00 B-6 5,250,582.74 3.84135% 5,250,582.74 16,807.76 0.00 0.00 0.00 0.00 A-R 100.00 3.37868% 0.00 0.00 0.00 0.00 0.00 0.00 ---------------- ------------ ---- ---- ---- ---- Totals 1,050,010,682.74 3,013,471.88 0.00 0.00 0.00 0.00 ---------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- --------------- A-1 1,428,735.74 0.00 436,485,253.82 A-2 546,679.72 0.00 222,201,618.42 A-3-A 585,468.40 0.00 209,855,197.74 A-3-B 9,995.31 0.00 3,349,230.51 X-A 291,337.77 0.00 435,406,046.67 X-B 13,703.99 0.00 29,925,000.00 B-1 49,583.05 0.00 18,900,000.00 B-2 32,506.57 0.00 11,025,000.00 B-3 20,167.08 0.00 6,300,000.00 B-4 10,083.54 0.00 3,150,000.00 B-5 8,402.95 0.00 2,625,000.00 B-6 16,807.76 0.00 5,250,582.74 A-R 1.00 0.00 0.00 ------------- ---- Totals 3,013,472.88 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 Non-Supported Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------- -------------- ----------- ---------------- --------------- ---------- ---------- ------------- ---------- A-1 498,828,000.00 3.83179% 896.97455391 2.86418513 0.00000000 0.00000000 0.00000000 0.00000000 A-2 252,102,000.00 2.90813% 894.79614037 2.16848625 0.00000000 0.00000000 0.00000000 0.00000000 A-3-A 247,874,000.00 3.22750% 878.18795537 2.36195971 0.00000000 0.00000000 0.00000000 0.00000000 A-3-B 3,956,000.00 3.45250% 878.18795501 2.52662032 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.78258% 886.49653005 0.57812913 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.54953% 1000.00000000 0.45794453 0.00000000 0.00000000 0.00000000 0.00000000 B-1 18,900,000.00 3.14813% 1000.00000000 2.62344180 0.00000000 0.00000000 0.00000000 0.00000000 B-2 11,025,000.00 3.53813% 1000.00000000 2.94844172 0.00000000 0.00000000 0.00000000 0.00000000 B-3 6,300,000.00 3.84135% 1000.00000000 3.20112381 0.00000000 0.00000000 0.00000000 0.00000000 B-4 3,150,000.00 3.84135% 1000.00000000 3.20112381 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,625,000.00 3.84135% 1000.00000000 3.20112381 0.00000000 0.00000000 0.00000000 0.00000000 B-6 5,250,582.74 3.84135% 1000.00000000 3.20112278 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.37868% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - --------- -------------- ----------- ------------------- A-1 2.86418513 0.00000000 875.02155817 A-2 2.16848625 0.00000000 881.39569865 A-3-A 2.36195971 0.00000000 846.62045128 A-3-B 2.52662032 0.00000000 846.62045248 X-A 0.57812913 0.00000000 864.01746003 X-B 0.45794453 0.00000000 1000.00000000 B-1 2.62344180 0.00000000 1000.00000000 B-2 2.94844172 0.00000000 1000.00000000 B-3 3.20112381 0.00000000 1000.00000000 B-4 3.20112381 0.00000000 1000.00000000 B-5 3.20112381 0.00000000 1000.00000000 B-6 3.20112278 0.00000000 1000.00000000 A-R 10.00000000 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 25,529,190.36 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 62,791.88 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 25,591,982.24 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 299,817.69 Payment of Interest and Principal 25,292,164.55 ------------- Total Withdrawals (Pool Distribution Amount) 25,591,982.24 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 295,502.85 Master Servicing Fee 4,314.84 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 299,817.69 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------- --------- ----------- -------- -------- Reserve Fund 4,500.00 0.00 0.00 4,500.00 Reserve Fund 4,500.00 0.00 0.00 4,500.00 Reserve Fund 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 56 18,428,193.88 60 Days 2 283,999.54 90 Days 0 0.00 120 Days 1 101,600.00 150 Days 0 0.00 180+ Days 0 0.00 --------- ------------- 59 18,813,793.42 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.973221% 2.004936% 60 Days 0.070472% 0.030898% 90 Days 0.000000% 0.000000% 120 Days 0.035236% 0.011054% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ----------- 2.078929% 2.046889%
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 56 18,428,193.88 60 Days 2 283,999.54 90 Days 0 0.00 120 Days 1 101,600.00 150 Days 0 0.00 180+ Days 0 0.00 --------- ------------- 59 18,813,793.42 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.973221% 2.004936% 60 Days 0.070472% 0.030898% 90 Days 0.000000% 0.000000% 120 Days 0.035236% 0.011054% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ---------- 2.078929% 2.046889%
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 47,250,582.74 4.50000972% 47,250,582.74 5.14072785% 94.859272% 0.000000% Class B-1 28,350,582.74 2.70002803% 28,350,582.74 3.08446207% 2.056266% 39.999507% Class B-2 17,325,582.74 1.65003871% 17,325,582.74 1.88497370% 1.199488% 23.333046% Class B-3 11,025,582.74 1.05004482% 11,025,582.74 1.19955177% 0.685422% 13.333169% Class B-4 7,875,582.74 0.75004787% 7,875,582.74 0.85684081% 0.342711% 6.666584% Class B-5 5,250,582.74 0.50005041% 5,250,582.74 0.57124834% 0.285592% 5.555487% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.571248% 11.112207%
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 33 11,599,343.81 60 Days 1 183,299.54 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------- -------------- 34 11,782,643.35 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.348754% 2.521651% 60 Days 0.071174% 0.039849% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- -------------- 2.419929% 2.561500%
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 33 11,599,343.81 60 Days 1 183,299.54 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------- ------------- 34 11,782,643.35 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.348754% 2.521651% 60 Days 0.071174% 0.039849% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- ------------- 2.419929% 2.561500%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 7 2,207,305.60 60 Days 1 100,700.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------- ------------ 8 2,308,005.60 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.032448% 0.942969% 60 Days 0.147493% 0.043019% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- ------------ 1.179941% 0.985988%
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 7 2,207,305.60 60 Days 1 100,700.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------- ------------ 8 2,308,005.60 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.032448% 0.942969% 60 Days 0.147493% 0.043019% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- ------------ 1.179941% 0.985988%
DELINQUENT GROUP THREE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 16 4,621,544.47 60 Days 0 0.00 90 Days 0 0.00 120 Days 1 101,600.00 150 Days 0 0.00 180+ Days 0 0.00 --------- ------------ 17 4,723,144.47 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.119205% 2.053376% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.132450% 0.045141% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- ------------ 2.251656% 2.098517%
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 16 4,621,544.47 60 Days 0 0.00 90 Days 0 0.00 120 Days 1 101,600.00 150 Days 0 0.00 180+ Days 0 0.00 --------- ------------ 17 4,723,144.47 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.119205% 2.053376% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.132450% 0.045141% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- ------------ 2.251656% 2.098517%
COLLATERAL STATEMENT
Collateral Description Mixed Arm - ---------------------- --------------- Weighted Average Gross Coupon 4.223350% Weighted Average Net Coupon 3.846681% Weighted Average Pass-Through Rate 3.841181% Weighted Average Maturity (Stepdown Calculation) 335 Beginning Scheduled Collateral Loan Count 2,887 Number of Loans Paid in Full 49 Ending Scheduled Collateral Loan Count 2,838 Beginning Scheduled Collateral Balance 941,420,574.90 Ending Scheduled Collateral Balance 919,141,883.23 Ending Actual Collateral Balance at 28-Feb-2005 919,141,025.62 Monthly P&I Constant 3,313,290.17 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 25,140,908.61 Scheduled Principal 0.00 Unscheduled Principal 22,278,691.67
MISCELLANEOUS REPORTING Rapid Prepayment Event 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 4.214215 4.206712 4.258765 4.223350 Weighted Average Net Rate 3.837295 3.830694 3.881942 3.846681 Pass-Through Rate 3.831795 3.825194 3.876442 3.841181 Weighted Average Maturity 334 332 340 335 Record Date 02/28/2005 02/28/2005 02/28/2005 02/28/2005 Principal and Interest Constant 1,653,872.48 832,433.30 826,984.39 3,313,290.17 Beginning Loan Count 1,430 686 771 2,887 Loans Paid in Full 25 8 16 49 Ending Loan Count 1,405 678 755 2,838 Beginning Scheduled Balance 470,941,029.31 237,458,628.55 233,020,917.04 941,420,574.90 Ending Scheduled Balance 459,990,260.35 234,080,350.39 225,071,272.49 919,141,883.23 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 10,950,768.96 3,378,278.16 7,949,644.55 22,278,691.67 Scheduled Interest 1,653,872.48 832,433.30 826,984.39 3,313,290.17 Servicing Fee 147,922.60 74,407.25 73,173.00 295,502.85 Master Servicing Fee 2,158.48 1,088.35 1,068.01 4,314.84 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 0.00 0.00 0.00 0.00 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 1,503,791.40 756,937.70 752,743.38 3,013,472.48 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 Principal Transfer Amount 0.00 Pro-Rata Senior Percent 95.008928% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Interest Transfer Amount 0.00 Group Two One-Month LIBOR Loan Balance 164,202,753.31 Six-Month LIBOR Loan Balance 69,877,597.08 Principal Transfer Amount 0.00 Pro-Rata Senior Percent 94.997557% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Interest Transfer Amount 0.00 Group Three Principal Transfer Amount 0.00 Pro-Rate Senior Percent 94.907391% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Interest Transfer Amount 0.00