Wells Fargo Bank Minnesota, N.A. SMT Series 2004-6 Certificateholder Distribution Statement (July 30, 2004 Record Date)

Contract Categories: Business Finance › Trust Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2004-6 trust. It details the interest and principal payments made to certificateholders as of the July 30, 2004 record date, with distributions occurring on August 20, 2004. The statement lists the classes of certificates, their balances, interest rates, and amounts distributed, 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 f01645exv10w1.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: JULY 30, 2004 DISTRIBUTION DATE: AUGUST 20, 2004 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 2.79988% 494,024,633.47 1,152,674.33 6,286,856.49 0.00 A-2 81744FCH8 SEN 1.70000% 184,237,527.53 261,003.16 2,397,222.33 0.00 A-3-A 81744FCJ4 SEN 2.16375% 193,391,040.71 348,708.22 1,420,369.89 0.00 A-3-B 81744FCU9 SEN 2.30625% 3,444,624.13 6,620.14 25,299.21 0.00 X-A 81744FCK1 IO 0.74678% 0.00 237,147.28 0.00 0.00 X-B 81744FCL9 IO 0.69041% 0.00 14,369.07 0.00 0.00 B-1 81744FCN5 SUB 1.92000% 15,725,000.00 25,160.00 0.00 0.00 B-2 81744FCP0 SUB 2.30000% 9,250,000.00 17,729.17 0.00 0.00 B-3 81744FCQ8 SUB 2.75115% 5,550,000.00 12,724.05 0.00 0.00 B-4 81744FCR6 SUB 2.75115% 2,313,000.00 5,302.83 0.00 0.00 B-5 81744FCS4 SUB 2.75115% 2,313,000.00 5,302.83 0.00 0.00 B-6 81744FCT2 SUB 2.75115% 4,166,584.59 9,552.40 0.00 0.00 A-R 81744FCM7 R 2.80084% 0.00 0.13 0.00 0.00 - -------- --------- ----------- --------------- -------------- ------------ ------------- ------------ Totals 914,415,410.43 2,096,293.61 10,129,747.92 0.00 Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - -------- --------- -------------- ------------- ------------- A-1 81744FCG0 487,737,776.98 7,439,530.82 0.00 A-2 81744FCH8 181,840,305.20 2,658,225.49 0.00 A-3-A 81744FCJ4 191,970,670.81 1,769,078.11 0.00 A-3-B 81744FCU9 3,419,324.93 31,919.35 0.00 X-A 81744FCK1 0.00 237,147.28 0.00 X-B 81744FCL9 0.00 14,369.07 0.00 B-1 81744FCN5 15,725,000.00 25,160.00 0.00 B-2 81744FCP0 9,250,000.00 17,729.17 0.00 B-3 81744FCQ8 5,550,000.00 12,724.05 0.00 B-4 81744FCR6 2,313,000.00 5,302.83 0.00 B-5 81744FCS4 2,313,000.00 5,302.83 0.00 B-6 81744FCT2 4,166.584.59 9,552.40 0.00 A-R 81744FCM7 0.00 0.13 0.00 - -------- --------- -------------- ------------- ------------ Totals 904,285,662.51 12,226,041.53 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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ------ -------------- -------------- ------------ ------------ --------- -------- ------------- A-1 500,000,000.00 494,024,633.47 523.10 6,286,333.39 0.00 0.00 6,286,856.49 A-2 185,687,000.00 184,237,527.53 339.65 2,396,882.68 0.00 0.00 2,397,222.33 A-3 196,500,000.00 193,391,040.71 146.00 1,420,223.89 0.00 0.00 1,420,369.89 X-1 3,500,000.00 3,444,624.13 2.60 25,296.61 0.00 0.00 25,299.21 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 925,004,684.59 914,415,410.43 1,011.35 10,128,736.57 0.00 0.00 10,129,747.92 Ending Ending Total Principal Certificate Certificate Distribution Class Balance Percentage - ------ -------------- ----------- --------------- A-1 487,737,776.98 0.97547555 6,286,856.49 A-2 181,840,305.20 0.97928398 2,397,222.33 A-3 191,970,670.81 0.97694998 1,420,369.89 X-1 3,419,324.93 0.97694998 25,299.21 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 904,285,662.51 0.97760117 10,129,747.92
(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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ------ -------------- ------------- ------------ ------------ ---------- ---------- ----------- A-1 500,000,000.00 988.04926694 0.00104620 12.57266678 0.00000000 0.00000000 12.57371298 A-2 185,687,000.00 992.19400136 0.00182915 12.90818786 0.00000000 0.00000000 12.91001702 A-3 196,500,000.00 984.17832422 0.00074300 7.22760249 0.00000000 0.00000000 7.22834550 X-1 3,500,000.00 984.17832286 0.00074286 7.22760286 0.00000000 0.00000000 7.22834571 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 Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ------ -------------- ------------- --------------- A-1 975.47555396 0.97547555 12.57371298 A-2 979.28398434 0.97928398 12.91001702 A-3 976.94997868 0.97694998 7.22834550 X-1 976.94998000 0.97694998 7.22834571 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 Current Certificate/ Current Unpaid Current Original Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - ------ -------------- ----------- -------------- ------------ ---------- --------- A-1 500,000,000.00 2.79988% 494,024,633.47 1,152,674.33 0.00 0.00 A-2 185,687,000.00 1.70000% 184,237,527.53 261,003.16 0.00 0.00 A-3 196,500,000.00 2.16375% 193,391,040.71 348,708.22 0.00 0.00 X-1 3,500,000.00 2.30625% 3,444,624.13 6,620.14 0.00 0.00 X-2 0.00 0.74678% 381,073,192.37 237,147.28 0.00 0.00 X-B 0.00 0.69041% 24,975,000.00 14,369.07 0.00 0.00 B-1 15,725,000.00 1.92000% 15,725,000.00 25,160.00 0.00 0.00 B-2 9,250,000.00 2.30000% 9,250,000.00 17,729.17 0.00 0.00 B-3 5,550,000.00 2.75115% 5,550,000.00 12,724.05 0.00 0.00 B-4 2,313,000.00 2.75115% 2,313,000.00 5,302.83 0.00 0.00 B-5 2,313,000.00 2.75115% 2,313,000.00 5,302.83 0.00 0.00 B-6 4,166,584.59 2.75115% 4,166,584.59 9,552.40 0.00 0.00 A-R 100.00 2.80084% 0.00 0.00 0.00 0.00 - ------ -------------- --------- -------------- ------------ ---------- --------- Totals 925,004,684.59 2,096,293.48 0.00 0.00 - ------ -------------- --------- -------------- ------------ ---------- --------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- -------- -------------- --------- -------------- A-1 0.00 0.00 1,152,674.33 0.00 487,737,776.98 A-2 0.00 0.00 261,003.16 0.00 181,840,305.20 A-3 0.00 0.00 348,708.22 0.00 191,970,670.81 X-1 0.00 0.00 6,620.14 0.00 3,419,324.93 X-2 0.00 0.00 237,147.28 0.00 377,230,300.94 X-B 0.00 0.00 14,369.07 0.00 24,975,000.00 B-1 0.00 0.00 25,160.00 0.00 15,725,000.00 B-2 0.00 0.00 17,729.17 0.00 9,250,000.00 B-3 0.00 0.00 12,724.05 0.00 5,550,000.00 B-4 0.00 0.00 5,302.83 0.00 2,313,000.00 B-5 0.00 0.00 5,302.83 0.00 2,313,000.00 B-6 0.00 0.00 9,552.40 0.00 4,166,584.59 A-R 0.00 0.00 0.13 0.00 0.00 - ------ --------- -------- -------------- --------- -------------- Totals 0.00 0.00 2,096,293.61 0.00 - ------ --------- -------- -------------- --------- --------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Current Beginning Unpaid Current Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ------ -------------- ----------- ---------------- --------------- ---------- ---------- A-1 500,000,000.00 2.79988% 988.04926694 2.30534866 0.00000000 0.00000000 A-2 185,687,000.00 1.70000% 992.19400136 1.40560815 0.00000000 0.00000000 A-3 196,500,000.00 2.16375% 984.17832422 1.77459654 0.00000000 0.00000000 X-1 3,500,000.00 2.30625% 984.17832286 1.89146857 0.00000000 0.00000000 X-2 0.00 0.74678% 988.03743027 0.61486978 0.00000000 0.00000000 X-B 0.00 0.69041% 1000.00000000 0.57533814 0.00000000 0.00000000 B-1 15,725,000.00 1.92000% 1000.00000000 1.60000000 0.00000000 0.00000000 B-2 9,250,000.00 2.30000% 1000.00000000 1.91666703 0.00000000 0.00000000 B-3 5,550,000.00 2.75115% 1000.00000000 2.29262162 0.00000000 0.00000000 B-4 2,313,000.00 2.75115% 1000.00000000 2.29261997 0.00000000 0.00000000 B-5 2,313,000.00 2.75115% 1000.00000000 2.29261997 0.00000000 0.00000000 B-6 4,166,584.59 2.75115% 1000.00000000 2.29262116 0.00000000 0.00000000 A-R 100.00 2.80084% 0.00000000 0.00000000 0.00000000 0.00000000 Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ------ ---------- ---------- -------------- ---------- ------------------- A-1 0.00000000 0.00000000 2.30534866 0.00000000 975.47555396 A-2 0.00000000 0.00000000 1.40560815 0.00000000 979.28398434 A-3 0.00000000 0.00000000 1.77459654 0.00000000 976.94997868 X-1 0.00000000 0.00000000 1.89146857 0.00000000 976.94998000 X-2 0.00000000 0.00000000 0.61486978 0.00000000 978.07367357 X-B 0.00000000 0.00000000 0.57533814 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1.60000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 1.91666703 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.29262162 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.29261997 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.29261997 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.29262116 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 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 12,490,320.85 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 31,171.90 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 12,521,492.75 Withdrawals Reimbursement for Servicer Advances 4,385.96 Payment of Service Fee 291,065.25 Payment of Interest and Principal 12,226,041.54 ------------- Total Withdrawals (Pool Distribution Amount) 12,521,492.75 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 286,112.16 Master Servicing Fee 4,953.09 Supported Prepayment/Curtailment Interest Shortfall 0.00 ----------------- Net Servicing Fee 291,065.25 =================
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 38 13,465,052.68 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 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 ---- ------------- ----- ---------- ---- ---------- 38 13,465,052.68 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 1.371841% 1.489026% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 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% -------- ------------- -------- ---------- -------- ---------- 1.371841% 1.489026% 00000% 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 38 13,465,052.68 60 Days 0 0.00 60 Days 0 0.00 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 38 13,465,052.68 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 1.371841% 1.489026% 60 Days 0.000000% 0.000000% 60 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% 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% 1.371841% 1.489026%
Current Period Class 0.00 Principal Balance of 0.00 Periodic Advance 31,171.90 A Insufficient Funds: Contaminated Properties
Original $ Original% Current $ Current % Current Class % Prepayment % - --------- ------------- ---------- ------------- ---------- --------------- ------------ Class A 39,317,584.59 4.25052816% 39,317,584.59 4.34791640% 95.652084% 0.000000% Class B-1 23,592,584.59 2.55053677% 23,592,584.59 2.60897475% 1.738942% 39.994827% Class B-2 14,342,584.59 1.55054183% 14,342,584.59 1.58606790% 1.022907% 23.526369% Class B-3 8,792,584.59 0.95054487% 8,792,584.59 0.97232379% 0.613744% 14.115821% Class B-4 6,479,584.59 0.70049208% 6,479,584.59 0.71654178% 0.255782% 5.882864% Class B-5 4,166,584.59 0.45043930% 4,166,584.59 0.46075978% 0.255782% 5.882864% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.460760% 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 21 7,546,102.69 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 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 ----- ------------ ---- -------- ----- -------- 21 7,546,102.69 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 1.330798% 1.479824% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 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% -------- -------- -------- -------- -------- -------- 1.330798% 1.479824% 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 21 7,546,102.69 60 Days 0 0.00 60 Days 0 0.00 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 21 7,546,102.69 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 1.330798% 1.479824% 60 Days 0.000000% 0.000000% 60 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% 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% 1.330798% 1.479824%
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ------------------------------- --------------------------------- GROUP TWO 1.183654% 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 8 3,099,250.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 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 ----- ------------ ---- -------- --- -------- 8 3,099,250.00 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 1.489758% 1.630453% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 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% -------- -------- -------- -------- -------- -------- 1.489758% 1.630453% 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 8 3,099,250.00 60 Days 0 0.00 60 Days 0 0.00 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 8 3,099,250.00 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 1.489758% 1.630453% 60 Days 0.000000% 0.000000% 60 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% 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% 1.489758% 1.630453%
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ------------------------------- -------------------------------- GROUP THREE 1.183654% 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 2,819,699.99 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 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 ---- ------------ ---- -------- --- -------- 9 2,819,699.99 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 1.374046% 1.380392% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 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% -------- -------- -------- -------- -------- -------- 1.374046% 1.380392% 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 2,819,699.99 60 Days 0 0.00 60 Days 0 0.00 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 9 2,819,699.99 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 1.374046% 1.380392% 60 Days 0.000000% 0.000000% 60 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% 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% 1.374046% 1.380392%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.133542% Weighted Average Net Coupon 2.758073% Weighted Average Pass-Through Rate 2.751032% Weighted Average Maturity (Stepdown Calculation) 343 Beginning Scheduled Collateral Loan Count 2,791 Number of Loans Paid in Full 21 Ending Scheduled Collateral Loan Count 2,770 Beginning Scheduled Collateral Balance 914,415,410.43 Ending Scheduled Collateral Balance 904,285,662.51 Ending Actual Collateral Balance at 30-July-2004 904,285,924.07 Monthly P&I Constant 2,388,490.85 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,135,901.05 Scheduled Principal 691.72 Unscheduled Principal 10,129,056.20
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 3.182249 2.970655 3.163726 3.133542 Weighted Average Net Rate 2.806956 2.595153 2.787846 2.758073 Pass-Through Rate 2.799944 2.587696 2.781123 2.751032 Weighted Average Maturity 344 339 344 343 Record Date 07/30/2004 07/30/2004 07/30/2004 07/30/2004 Principal and Interest Constant 1,369,303.75 476,780.20 542,406.90 2,388,490.85 Beginning Loan Count 1,594 539 658 2,791 Loans Paid in Full 16 2 3 21 Ending Loan Count 1,578 537 655 2,770 Beginning Scheduled Balance 516,218,789.29 192,482,840.17 205,713,780.97 914,415,410.43 Ending Scheduled Balance 509,931,932.80 190,085,617.84 204,268,111.87 904,285,662.51 Scheduled Principal 356.33 280.13 55.26 691.72 Unscheduled Principal 6,286,500.16 2,396,942.20 1,445,613.84 10,129,056.20 Scheduled Interest 1,368,947.42 476,500.07 542,351.64 2,387,799.13 Servicing Fee 161,444.42 60,231.36 64,436.38 286,112.16 Master Servicing Fee 2,796.19 1,042.62 1,114.28 4,953.09 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 220.62 153.55 38.29 412.46 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 1,204,486.19 415,072.54 476,762.69 2,096,321.42 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 95.700630% 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 95.716339% 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 95.684239% 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