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

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2004-6 trust. It details the principal and interest payments made to holders of various classes of certificates as of the October 29, 2004 record date and the November 22, 2004 distribution date. The statement summarizes the amounts distributed, outstanding balances, and rates for each class, 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 f03812cexv10w1.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 ###-###-#### FAX: (301) 315-6660 SMT SERIES 2004-6 RECORD DATE: OCTOBER 29, 2004 DISTRIBUTION DATE: NOVEMBER 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - -------- --------- ----------- ----------------- ---------------- ---------------- A-1 81744FCG0 SEN 2.88519% 472,107,011.99 1,135,096.84 A-2 81744FCH8 SEN 2.19000% 175,974,114.59 321,152.76 A-3-A 81744FCJ4 SEN 2.16375% 186,173,861.16 335,694.74 A-3-B 81744FCU9 SEN 2.30625% 3,316,073.86 6,373.08 X-A 81744FCK1 IO 0.73149% 0.00 222,777.76 X-B 81744FCL9 IO 0.34489% 0.00 7,178.06 B-1 81744FCN5 SUB 2.41000% 15,725,000.00 31,581.04 B-2 81744FCP0 SUB 2.79000% 9,250,000.00 21,506.25 B-3 81744FCQ8 SUB 2.89563% 5,550,000.00 13,392.30 B-4 81744FCR6 SUB 2.89563% 2,313,000.00 5,581.33 B-5 81744FCS4 SUB 2.89563% 2,313,000.00 5,581.33 B-6 81744FCT2 SUB 2.89563% 4,166,584.59 10,054.08 A-R 81744FCM7 R 2.87878% 0.00 0.23 ---------------- ---------------- Totals 876,888,646.19 2,115,969.80 ---------------- ---------------- Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - -------- -------------- --------------- -------------------- ---------------- ---------------- A-1 6,621,611.80 0.00 465,485,400.19 7,756,708.64 0.00 A-2 2,419,579.69 0.00 173,554,534.90 2,740,732.45 0.00 A-3-A 2,113,936.85 0.00 184,059,924.31 2,449,631.59 0.00 A-3-B 37,652.82 0.00 3,278,421.04 44,025.90 0.00 X-A 0.00 0.00 0.00 222,777.76 0.00 X-B 0.00 0.00 0.00 7,178.06 0.00 B-1 0.00 0.00 15,725,000.00 31,581.04 0.00 B-2 0.00 0.00 9,250,000.00 21,506.25 0.00 B-3 0.00 0.00 5,550,000.00 13,392.30 0.00 B-4 0.00 0.00 2,313,000.00 5,581.33 0.00 B-5 0.00 0.00 2,313,000.00 5,581.33 0.00 B-6 0.00 0.00 4,166,584.59 10,054.08 0.00 A-R 0.00 0.00 0.00 0.23 0.00 -------------- --------------- -------------------- ---------------- ---------------- Totals 11,192,781.16 0.00 865,695,865.03 13,308,750.96 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-1 500,000,000.00 472,107,011.99 11,741.50 6,609,870.30 0.00 0.00 A-2 185,687,000.00 175,974,114.59 3,446.76 2,416,132.93 0.00 0.00 A-3 196,500,000.00 186,173,861.16 5,617.43 2,108,319.42 0.00 0.00 X-1 3,500,000.00 3,316,073.86 100.06 37,552.76 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 925,004,684.59 876,888,646.19 20,905.75 11,171,875.41 0.00 0.00 ----------------- -------------- ------------ --------------- --------- --------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - -------- --------------- ------------------ ------------------- ----------------- A-1 6,621,611.80 465,485,400.19 0.93097080 6,621,611.80 A-2 2,419,579.69 173,554,534.90 0.93466174 2,419,579.69 A-3 2,113,936.85 184,059,924.31 0.93669173 2,113,936.85 X-1 37,652.82 3,278,421.04 0.93669173 37,652.82 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 11,192,781.16 85,695,865.03 0.93588268 11,192,781.16 --------------- ------------------ ------------------- -----------------\
(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-1 500,000,000.00 944.21402398 0.02348300 13.21974060 0.00000000 0.00000000 A-2 185,687,000.00 947.69216256 0.01856220 13.01185829 0.00000000 0.00000000 A-3 196,500,000.00 947.44967511 0.02858743 10.72936092 0.00000000 0.00000000 X-1 3,500,000.00 947.44967429 0.02858857 10.72936000 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 13.24322360 930.97080038 0.93097080 13.24322360 A-2 13.03042049 934.66174207 0.93466174 13.03042049 A-3 10.75794835 936.69172677 0.93669173 10.75794835 X-1 10.75794857 936.69172571 0.93669173 10.75794857 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 2.88519% 472,107,011.99 1,135,096.84 0.00 0.00 0.00 0.00 A-2 185,687,000.00 2.19000% 175,974,114.59 321,152.76 0.00 0.00 0.00 0.00 A-3 196,500,000.00 2.16375% 186,173,861.16 335,694.74 0.00 0.00 0.00 0.00 X-1 3,500,000.00 2.30625% 3,316,073.86 6,373.08 0.00 0.00 0.00 0.00 X-2 0.00 0.73149% 365,464,049.61 222,777.76 0.00 0.00 0.00 0.00 X-B 0.00 0.34489% 24,975,000.00 7,178.06 0.00 0.00 0.00 0.00 B-1 15,725,000.00 2.41000% 15,725,000.00 31,581.04 0.00 0.00 0.00 0.00 B-2 9,250,000.00 2.79000% 9,250,000.00 21,506.25 0.00 0.00 0.00 0.00 B-3 5,550,000.00 2.89563% 5,550,000.00 13,392.30 0.00 0.00 0.00 0.00 B-4 2,313,000.00 2.89563% 2,313,000.00 5,581.33 0.00 0.00 0.00 0.00 B-5 2,313,000.00 2.89563% 2,313,000.00 5,581.33 0.00 0.00 0.00 0.00 B-6 4,166,584.59 2.89563% 4,166,584.59 10,054.08 0.00 0.00 0.00 0.00 A-R 100.00 0.87878% 0.00 0.00 0.00 0.00 0.00 0.00 ----------------- ------------ ------------ ------------ ------------ ----------- Totals 925,004,684.59 2,115,969.57 0.00 0.00 0.00 0.00 ----------------- ------------ ------------ ------------ ------------ ----------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ ---------------- ------------ --------------- A-1 1,135,096.84 0.00 465,485,400.19 A-2 321,152.76 0.00 173,554,534.90 A-3 335,694.74 0.00 184,059,924.31 X-1 6,373.08 0.00 3,278,421.04 X-2 222,777.76 0.00 360,892,880.25 X-B 7,178.06 0.00 24,975,000.00 B-1 31,581.04 0.00 15,725,000.00 B-2 21,506.25 0.00 9,250,000.00 B-3 13,392.30 0.00 5,550,000.00 B-4 5,581.33 0.00 2,313,000.00 B-5 5,581.33 0.00 2,313,000.00 B-6 10,054.08 0.00 4,166,584.59 A-R 0.23 0.00 0.00 ---------------- ------------ Totals 2,115,969.80 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 2.88519% 944.21402398 2.27019368 0.00000000 0.00000000 0.00000000 0.00000000 A-2 185,687,000.00 1.19000% 947.69216256 1.72953820 0.00000000 0.00000000 0.00000000 0.00000000 A-3 196,500,000.00 2.16375% 947.44967511 1.70837018 0.00000000 0.00000000 0.00000000 0.00000000 X-1 3,500,000.00 2.30625% 947.44967429 1.82088000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.73149% 947.56641943 0.57761283 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.34489% 1000.00000000 0.28740981 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,725,000.00 2.41000% 1000.00000000 2.00833323 0.00000000 0.00000000 0.00000000 0.00000000 B-2 9,250,000.00 2.79000% 1000.00000000 2.32500000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,550,000.00 2.89563% 1000.00000000 2.41302703 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,313,000.00 2.89563% 1000.00000000 2.41302637 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,313,000.00 2.89563% 1000.00000000 2.41302637 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,166,584.59 2.89563% 1000.00000000 2.41302673 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.87878% 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 2.27019368 0.00000000 930.97080038 A-2 1.72953820 0.00000000 934.66174207 A-3 1.70837018 0.00000000 936.69172677 X-1 1.82088000 0.00000000 936.69172571 X-2 0.57761283 0.00000000 935.71440119 X-B 0.28740981 0.00000000 1000.00000000 B-1 2.00833323 0.00000000 1000.00000000 B-2 2.32500000 0.00000000 1000.00000000 B-3 2.41302703 0.00000000 1000.00000000 B-4 2.41302637 0.00000000 1000.00000000 B-5 2.41302637 0.00000000 1000.00000000 B-6 2.41302673 0.00000000 1000.00000000 A-R 2.30000000 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 13,502,657.17 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 103,316.38 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 13,605,973.55 Withdrawals Reimbursement for Servicer Advances 18,120.97 Payment of Service Fee 279,101.62 Payment of Interest and Principal 13,308,750.96 ------------- Total Withdrawals (Pool Distribution Amount) 13,605,973.55 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 274,351.81 Master Servicing Fee 4,749.81 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 279,101.62 ==========
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 131 41,835,424.02 60 Days 2 412,500.00 90 Days 0. 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------ ------------- 133 42,247,924.02 ------ -------------
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 4.895366% 4.832568% 60 Days 0.074738% 0.047649% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- --------- 4.970105% 4.880217% -------- ---------
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 131 41,835,424.02 60 Days 2 412,500.00 90 Days 0. 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------- 133 42,247,924.02 ---- -------------
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 4.895366% 4.832568% 60 Days 0.074738% 0.047649% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- --------- 4.970105% 4.880217% -------- ---------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 103,316.38
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 39,317,584.59 4.25052816% 39,317,584.59 4.54173182% 95.458268% 0.000000% Class B-1 23,592,584.59 2.55053677% 23,592,584.59 2.72527403% 1.816458% 39.994827% Class B-2 14,342,584.59 1.55054183% 14,342,584.59 1.65676945% 1.068505% 23.526369% Class B-3 8,792,584.59 0.95054487% 8,792,584.59 1.01566670% 0.641103% 14.115821% Class B-4 6,479,584.59 0.70049208% 6,479,584.59 0.74848279% 0.267184% 5.882864% Class B-5 4,166,584.59 0.45043930% 4,166,584.59 0.48129889% 0.267184% 5.882864% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.481299% 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 80 26,241,648.25 60 Days 2 412,500.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------------- 82 26,654,148.25
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 5.242464% 5.380907% 60 Days 0.131062% 0.084584% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 5.373526% 5.465491%
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 80 26,241,648.25 60 Days 2 412,500.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------------- 82 26,654,148.25
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 5.242464$ 5.380907% 60 Days 0.131062% 0.084584% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 5.373526% 5.465491%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 14 4,257,032.27 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 ---- ------------ 14 4,257,032.27
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.702703% 2.341601% 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% -------- --------- 2.702703% 2.341601%
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 14 4,257,032.27 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 ---- ------------ 14 4,257,032.27
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.702703% 2.341601% 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% -------- --------- 2.702703% 2.341601%
DELINQUENT GROUP THREE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 37 11,336,743.50 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 ---- ------------- 37 11,336,743.50
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 5.854430% 5.777662% 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% -------- -------- 5.854430% 5.777662%
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 37 11,336,743.50 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 --- ------------- 37 11,336,743.50
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 5.854430% 5.777662% 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% -------- -------- 5.854430% 5.777662%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.278034% Weighted Average Net Coupon 2.902590% Weighted Average Pass-Through Rate 2.895579% Weighted Average Maturity (Stepdown Calculation) 340 Beginning Scheduled Collateral Loan Count 2,703 Number of Loans Paid in Full 27 Ending Scheduled Collateral Loan Count 2,676 Beginning Scheduled Collateral Balance 876,888,646.19 Ending Scheduled Collateral Balance 865,695,865.03 Ending Actual Collateral Balance at 29-Oct-2004 865,697,610.63 Monthly P&I Constant 2,416,297.50 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 13,213,876.34 Scheduled Principal 20,905.29 Unscheduled Principal 11,171,875.87
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 3.267397 3.316292 3.269008 3.278034 Weighted Average Net Rate 2.892092 2.940982 2.893098 2.902590 Pass-Through Rate 2.885057 2.933482 2.886598 2.895579 Weighted Average Maturity 341 336 341 340 Record Date 10/29/2004 10/29/2004 10/29/2004 10/29/2004 Principal and Interest Constant 1,357,640.11 512,550.88 546,106.51 2,416,297.50 Beginning Loan Count 1,544 522 637 2,703 Loans Paid in Full 18 4 5 27 Ending Loan Count 1,526 518 632 2,676 Beginning Scheduled Balance 494,301,167.81 184,219,427.23 198,368,051.15 876,888,646.19 Ending Scheduled Balance 487,679,556.01 181,799,847.54 196,216,461.48 865,695,865.03 Scheduled Principal 11,741.50 3,446.30 5,717.49 20,905.29 Unscheduled Principal 6,609,870.30 2,416,133.39 2,145,872.18 11,171,875.87 Scheduled Interest 1,345,898.61 509,104.58 540,389.02 2,395,392.21 Servicing Fee 154,595.06 57,616.29 62,140.46 274,351.81 Master Servicing Fee 2,677.46 997.86 1,074.49 4,749.81 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 220.43 153.53 0.00 373.96 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 1,188,405.66 450,336.90 477,174.07 2,115,916.63 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 95.509993% 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 95.524189% 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 95.524422% 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