SMT Series 2004-7 Certificateholder Distribution Statement by Wells Fargo Bank Minnesota, N.A.

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 summarizes the payments of principal and interest made to holders of various classes of certificates as of September 30, 2004, with distributions occurring on October 20, 2004. The statement details the amounts distributed, current balances, and interest rates for each certificate 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 f03044bexv10w1.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: SEPTEMBER 30, 2004 DISTRIBUTION DATE: OCTOBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass- Beginning Interest Principal Class CUSIP Description Through Rate Certificate Balance Distribution Distribution ----- ----- ----------- --------------- ------------------- ------------ ------------ A-1 81744FCV7 SEN 2.93417% 489,616,573.55 1,197,181.73 2,276,376.12 A-2 81744FCW5 SEN 2.12125% 247,872,014.92 438,165.43 2,398,664.61 A-3-A 81744FCX3 SEN 2.28500% 243,324,061.93 463,329.57 2,864,235.68 A-3-B 81744FDH7 SEN 2.51000% 3,883,384.26 8,122.75 45,712.40 X-A 81744FCY1 IO 0.76087% 0.00 313,908.31 0.00 X-B 81744FCZ8 IO 0.44505% 0.00 11,098.34 0.00 B-1 81744FDB0 SUB 2.36125% 18,900,000.00 37,189.69 0.00 B-2 81744FDC8 SUB 2.75125% 11,025,000.00 25,277.11 0.00 B-3 81744FDD6 SUB 2.94998% 6,300,000.00 15,487.40 0.00 B-4 81744FDE4 SUB 2.94998% 3,150,000.00 7,743.70 0.00 B-5 81744FDF1 SUB 2.94998% 2,625,000.00 6,453.08 0.00 B-6 81744FDG9 SUB 2.94998% 5,250,582.74 12,907.60 0.00 A-R 81744FDA2 RES 2.92778% 0.00 1.65 0.00 ---------------- ------------ ------------ Totals 1,031,946,617.40 2,536,866.36 7,584,988.81 ================ ============ ============ Current Ending Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss ----- ------------- ------------------ ----------------- ------------- A-1 0.00 487,340,197.43 3,473,557.85 0.00 A-2 0.00 245,473,350.31 2,836,830.04 0.00 A-3-A 0.00 240,459,826.26 3,327,565.25 0.00 A-3-B 0.00 3,837,671.85 53,835.15 0.00 X-A 0.00 0.00 313,908.31 0.00 X-B 0.00 0.00 11,098.34 0.00 B-1 0.00 18,900,000.00 37,189.69 0.00 B-2 0.00 11,025,000.00 25,277.11 0.00 B-3 0.00 6,300,000.00 15,487.40 0.00 B-4 0.00 3,150,000.00 7,743.70 0.00 B-5 0.00 2,625,000.00 6,453.08 0.00 B-6 0.00 5,250,582.74 12,907.60 0.00 A-R 0.00 0.00 1.65 0.00 ---- ---------------- ------------- ---- Totals 0.00 1,024,361,628.59 10,121,855.17 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-1 498,828,000.00 489,616,573.55 0.00 2,276,376.12 0.00 0.00 A-2 252,102,000.00 247,872,014.92 0.00 2,398,664.61 0.00 0.00 A-3-A 247,874,000.00 243,324,061.93 0.00 2,864,235.68 0.00 0.00 A-3-B 3,956,000.00 3,883,384.26 0.00 45,712.40 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 1,031,946,617.40 0.00 7,584,988.81 0.00 0.00 ================ ================ ==== ============ ==== ==== Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------ --------------- A-1 2,276,376.12 487,340,197.43 0.97697041 2,276,376.12 A-2 2,398,664.61 245,473,350.31 0.97370648 2,398,664.61 A-3-A 2,864,235.68 240,459,826.26 0.97008894 2,864,235.68 A-3-B 45,712.40 3,837,671.85 0.97008894 45,712.40 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 7,584,988.81 1,024,361,628.59 0.97557258 7,584,988.81 ============ ================ ========== ============
(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-1 498,828,000.00 981.53386247 0.00000000 4.56344896 0.00000000 0.00000000 A-2 252,102,000.00 983.22113637 0.00000000 9.51465919 0.00000000 0.00000000 A-3-A 247,874,000.00 981.64414957 0.00000000 11.55520821 0.00000000 0.00000000 A-3-B 3,956,000.00 981.64415066 0.00000000 11.55520728 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 Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 4.56344896 976.97041351 0.97697041 4.56344896 A-2 9.51465919 973.70647718 0.97370648 9.51454919 A-3-A 11.55520821 970.08894140 0.97008894 11.55520821 A-3-B 11.55520728 970.08894085 0.97008894 11.55520728 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 Non- Certificate/ Current Accrued Unpaid Current Supported Original Current Notional Accrued Interest Interest Interest Realized Class Face Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------ ---------------- ---------------- -------------- --------------- ---------- --------- --------- -------- A-1 498,828,000.00 2.93417% 489,616,573.55 1,197,181.73 0.00 0.00 0.00 0.00 A-2 252,102,000.00 2.12125% 247,872,014.92 438,165.43 0.00 0.00 0.00 0.00 A-3-A 247,874,000.00 2.28500% 243,324,061.93 463,329.57 0.00 0.00 0.00 0.00 A-3-B 3,956,000.00 2.51000% 3,883,384.26 8,122.75 0.00 0.00 0.00 0.00 X-A 0.00 0.76087% 495,079,461.11 313,908.31 0.00 0.00 0.00 0.00 X-B 0.00 0.44505% 29,925,000.00 11,098.34 0.00 0.00 0.00 0.00 B-1 18,900,000.00 2.36125% 18,900,000.00 37,189.69 0.00 0.00 0.00 0.00 B-2 11,025,000.00 2.75125% 11,025,000.00 25,277.11 0.00 0.00 0.00 0.00 B-3 6,300,000.00 2.94998% 6,300,000.00 15,487.40 0.00 0.00 0.00 0.00 B-4 3,150,000.00 2.94998% 3,150,000.00 7,743.70 0.00 0.00 0.00 0.00 B-5 2,625,000.00 2.94998% 2,625,000.00 6,453.08 0.00 0.00 0.00 0.00 B-6 5,250,582.74 2.94998% 5,250,582.74 12,907.60 0.00 0.00 0.00 0.00 A-R 100.00 2.92778% 0.00 0.00 0.00 0.00 0.00 0.00 ---------------- ------------ ---- ---- ---- ---- Totals 1,050,010,682.74 2,536,864.71 0.00 0.00 0.00 0.00 ================ ============ ==== ==== ==== ==== Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 1,197,181.73 0.00 487,340,197.43 A-2 438,165.43 0.00 245,473,350.31 A-3-A 463,329.57 0.00 240,459,826.26 A-3-B 8,122.75 0.00 3,837,671.85 X-A 313,908.31 0.00 489,770,848.42 X-B 11,098.34 0.00 29,925,000.00 B-1 37,189.69 0.00 18,900,000.00 B-2 25,277.11 0.00 11,025,000.00 B-3 15,487.40 0.00 6,300,000.00 B-4 7,743.70 0.00 3,150,000.00 B-5 6,453.08 0.00 2,625,000.00 B-6 12,907.60 0.00 5,250,582.74 A-R 1.65 0.00 0.00 ------------ ---- Totals 2,536,866.36 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-1 498,828,000.00 2.93417% 981.53386247 2.39998903 0.00000000 0.00000000 0.00000000 0.00000000 A-2 252,102,000.00 2.12125% 983.22113637 1.73804821 0.00000000 0.00000000 0.00000000 0.00000000 A-3-A 247,874,000.00 2.28500% 981.64414957 1.86921408 0.00000000 0.00000000 0.00000000 0.00000000 A-3-B 3,956,000.00 2.51000% 981.64415066 2.05327351 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.76087% 982.43306857 0.62291799 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.44505% 1000.00000000 0.37087185 0.00000000 0.00000000 0.00000000 0.00000000 B-1 18,900,000.00 2.36125% 1000.00000000 1.96770847 0.00000000 0.00000000 0.00000000 0.00000000 B-2 11,025,000.00 2.75125% 1000.00000000 2.29270839 0.00000000 0.00000000 0.00000000 0.00000000 B-3 6,300,000.00 2.94998% 1000.00000000 2.45831746 0.00000000 0.00000000 0.00000000 0.00000000 B-4 3,150,000.00 2.94998% 1000.00000000 2.45831746 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,625,000.00 2.94998% 1000.00000000 2.45831619 0.00000000 0.00000000 0.00000000 0.00000000 B-6 5,250,582.74 2.94998% 1000.00000000 2.45831761 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.92778% 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 3.49998903 0.00000000 976.97041351 A-2 1.73804821 0.00000000 973.70647718 A-3-A 1.86921408 0.00000000 970.08894140 A-3-B 2.05327351 0.00000000 970.08894085 X-A 0.62291799 0.00000000 971.89868558 X-B 0.37087185 0.00000000 1000.00000000 B-1 1.96770847 0.00000000 1000.00000000 B-2 2.29270839 0.00000000 1000.00000000 B-3 2.45831746 0.00000000 1000.00000000 B-4 2.45831746 0.00000000 1000.00000000 B-5 2.45831619 0.00000000 1000.00000000 B-6 2.45831761 0.00000000 1000.00000000 A-R 16.50000000 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 10,449,317.49 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5,180.47 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,454,497.96 Withdrawals Reimbursement for Servicer Advances 3,950.43 Payment of Service Fee 328,692.39 Payment of Interest and Principal 10,121,855.14 ------------- Total Withdrawals (Pool Distribution Amount) 10,454,497.96 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 323,962.64 Master Servicing Fee 4,729.75 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 328,692.39 ==========
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 6 2,059,523.45 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 --- ------------ 6 2,059,523.45
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.195631% 0.201054% 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% -------- -------- 0.195631% 0.201054%
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 6 2,059,523.45 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 --- ------------ 6 2,059,523.45
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.195631% 0.201054% 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% -------- --------- 0.195631% 0.201054%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5,180.47
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- -------------- ------------ Class A 47,250,582.74 4.50000972% 47,250,582.74 4.61268574% 95.387314% 0.000000% Class B-1 28,350,582.74 2.70002803% 28,350,582.74 2.76763420% 1.845052% 39.999507% Class B-2 17,325,582.74 1.65003871% 17,325,582.74 1.69135413% 1.076280% 23.333046% Class B-3 11,025,582.74 1.05004482% 11,025,582.74 1.07633695% 0.615017% 13.333169% Class B-4 7,875,582.74 0.75004787% 7,875,582.74 0.76882836% 0.307509% 6.666584% Class B-5 5,250,582.74 0.50005041% 5,250,582.74 0.51257120% 0.256257% 5.555487% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.512571% 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 2 573,023.50 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 ---- ---------- 2 573,023.50
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.132538% 0.112172% 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% -------- -------- 0.132538% 0.112172%
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 2 573,023.50 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 --- ---------- 2 573,023.50
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.132538% 0.112172% 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% -------- -------- 0.132538% 0.112172%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 1 220,000.00 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 ---- ---------- 1 220,000.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.136240% 0.085486% 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% -------- -------- 0.136240% 0.085486%
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 1 220,000.00 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 ---- ---------- 1 220,000.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.136240% 0.085486% 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% -------- -------- 0.136240% 0.085486%
DELINQUENT GROUP THREE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 3 1,266,499.95 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 3 1,266,499.95
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.364078% 0.494408% 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% -------- -------- 0.364078% 0.494408%
BANKRUPTCY 1.183654%
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 3 1,266,499.95 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------------ 3 1,266,499.95
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.364078% 0.494408% 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% -------- -------- 0.364078% 0.494408%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.333100% Weighted Average Net Coupon 2.956379% Weighted Average Pass-Through Rate 2.950879% Weighted Average Maturity (Stepdown Calculation) 340 Beginning Scheduled Collateral Loan Count 3,082 Number of Loans Paid in Full 15 Ending Scheduled Collateral Loan Count 3,067 Beginning Scheduled Collateral Balance 1,031,946,617.40 Ending Scheduled Collateral Balance 1,024,361,628.59 Ending Actual Collateral Balance at 30-Sept-2004 1,024,362,138.01 Monthly P&I Constant 2,866,317.34 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,005,696.59 Scheduled Principal 0.00 Unscheduled Principal 7,584,988.81
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 3.318520 3.367367 3.327619 3.333100 Weighted Average Net Rate 2.941446 2.991300 2.950944 2.956379 Pass-Through Rate 2.935946 2.985800 2.945444 2.950879 Weighted Average Maturity 339 337 345 340 Record Date 09/30/2004 09/30/2004 09/30/2004 09/30/2004 Principal and Interest Constant 1,419,003.54 728,896.66 718,417.14 2,866,317.34 Beginning Loan Count 1,517 738 827 3,082 Loans Paid in Full 8 4 3 15 Ending Loan Count 1,509 734 824 3,067 Beginning Scheduled Balance 513,121,580.08 259,750,746.89 259,074,290.43 1,031,946,617.40 Ending Scheduled Balance 510,845,203.96 257,352,082.28 256,164,342.35 1,024,361,628.59 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 2,276,376.12 2,398,664.61 2,909,948.08 7,584,988.81 Scheduled Interest 1,419,003.54 728,896.66 718,417.14 2,866,317.34 Servicing Fee 161,237.18 81,403.05 81,322.41 323,962.64 Master Servicing Fee 2,351.81 1,190.52 1,187.42 4,729.75 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 1,255,414.55 646,303.09 635,907.31 2,537,624.95 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 95.419213% 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 176,502,135.41 Six-Month LIBOR Loan Balance 80,849,946.87 Principal Transfer Amount 0.00 Pro-Rata Senior Percent 95.426873% 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 95.419521% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Interest Transfer Amount 0.00