Wells Fargo Bank Minnesota, N.A. SMT Series 2004-9 Certificateholder Distribution Statement (March 2005)

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2004-9 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 the amounts distributed. It confirms that all distributions were calculated according to the Pooling and Servicing Agreement, with no realized losses reported for this period.

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EX-10.1 2 f07714iexv10w1.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 2004-9 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 81744FDV6 SEN 2.93813% 424,380,175.49 1,039,070.10 4,783,049.05 A-2 81744FDW4 SEN 2.53000% 280,381,389.90 591,137.43 8,761,290.91 X-A 81744FDX2 IO 0.88010% 0.00 516,882.43 0.00 X-B 81744FDY0 IO 0.41603% 0.00 8,028.26 0.00 B-1 81744FEA1 SUB 3.10813% 14,915,000.00 38,631.47 0.00 B-2 81744FEB9 SUB 3.47813% 8,242,000.00 23,888.96 0.00 B-3 81744FEC7 SUB 3.65585% 4,318,000.00 13,154.95 0.00 B-4 81744FED5 SUB 3.65585% 2,355,000.00 7,174.60 0.00 B-5 81744FEE3 SUB 3.65585% 1,962,000.00 5,977.31 0.00 B-6 81744FEF0 SUB 3.65585% 3,533,134.00 10,763.83 0.00 A-R 81744FDZ7 SEN 3.17243% 0.00 0.78 0.00 -------------- ------------ ------------- Totals 740,086,699.39 2,254,710.12 13,544,339.96 -------------- ------------ ------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - -------- --------- ------------- ------------------ ------------- ------------- A-1 81744FDV6 0.00 419,597,126.44 5,822,119.15 0.00 A-2 81744FDW4 0.00 271,620,098.99 9,352,428.34 0.00 X-A 81744FDX2 0.00 0.00 516,882.43 0.00 X-B 81744FDY0 0.00 0.00 8,028.26 0.00 B-1 81744FEA1 0.00 14,915,000.00 36,631.47 0.00 B-2 81744FEB9 0.00 8,242,000.00 23,888.96 0.00 B-3 81744FEC7 0.00 4,318,000.00 13,154.95 0.00 B-4 81744FED5 0.00 2,355,000.00 7,174.60 0.00 B-5 81744FEE3 0.00 1,962,000.00 5,977.31 0.00 B-6 81744FEF0 0.00 3,533,134.00 10,763.83 0.00 A-R 81744FDZ7 0.00 0.00 0.78 0.00 ---- -------------- ------------- ---- Totals 0.00 726,542,359.43 15,799,050.08 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-1 453,364,000.00 424,380,175.49 869.89 4,782,179.16 0.00 0.00 A-2 296,310,000.00 280,381,389.90 0.00 8,761,290.91 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 14,915,000.00 14,915,000.00 0.00 0.00 0.00 0.00 B-2 8,242,000.00 8,242,000.00 0.00 0.00 0.00 0.00 B-3 4,318,000.00 4,318,000.00 0.00 0.00 0.00 0.00 B-4 2,355,000.00 2,355,000.00 0.00 0.00 0.00 0.00 B-5 1,962,000.00 1,962,000.00 0.00 0.00 0.00 0.00 B-6 3,533,134.00 3,533,134.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ------ ------------- ---- ---- Totals 784,999,234.00 740,086,699.39 869.89 13,543,470.07 0.00 0.00 -------------- -------------- ------ ------------- ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------- --------------- ------------------ ------------------ --------------- A-1 4,783,049.05 419,597,126.44 0.92551929 4,783,049.05 A-2 8,761,290.91 271,620,098.99 0.91667544 8,761,290.91 X-A 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 14,915,000.00 1.00000000 0.00 B-2 0.00 8,242,000.00 1.00000000 0.00 B-3 0.00 4,318,000.00 1.00000000 0.00 B-4 0.00 2,355,000.00 1.00000000 0.00 B-5 0.00 1,962,000.00 1.00000000 0.00 B-6 0.00 3,533,134.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 13,544,339.96 726,542,359.43 0.92553257 13,544,339.96 ------------- -------------- ---------- -------------
(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-1 453,364,000.00 936.06941771 0.00191875 10.54821106 0.00000000 0.00000000 A-2 296,310,000.00 946.24342715 0.00000000 ###-###-#### 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 14,915,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,242,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,318,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,355,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,962,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,533,134.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.50000000 0.00000000 0.00000000 0.00000000 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------- --------------- ------------------ ------------------ --------------- A-1 10.55012981 925.51928790 0.92551929 10.55012981 A-2 29.56798930 916.67543785 0.91667544 29.56798930 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 Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------- -------------- ---------------- -------------- ------------ ---------- --------- --------- -------- A-1 453,364,000.00 2.93813% 424,380,175.49 1,039,070.10 0.00 0.00 0.00 0.00 A-2 296,310,000.00 2.53000% 280,381,389.90 591,137.43 0.00 0.00 0.00 0.00 X-A 0.00 0.88010% 704,761,565.39 516,882.43 0.00 0.00 0.00 0.00 X-B 0.00 0.41603% 23,157,000.00 8,028.26 0.00 0.00 0.00 0.00 B-1 14,915,000.00 3.10813% 14,915,000.00 38,631.47 0.00 0.00 0.00 0.00 B-2 8,242,000.00 3.47813% 8,242,000.00 23,888.96 0.00 0.00 0.00 0.00 B-3 4,318,000.00 3.65585% 4,318,000.00 13,154.95 0.00 0.00 0.00 0.00 B-4 2,355,000.00 3.65585% 2,355,000.00 7,174.60 0.00 0.00 0.00 0.00 B-5 1,962,000.00 3.65585% 1,962,000.00 5,977.31 0.00 0.00 0.00 0.00 B-6 3,533,134.00 3.65585% 3,533,134.00 10,763.83 0.00 0.00 0.00 0.00 A-R 100.00 3.17243% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 784,999,234.00 2,254,709.34 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 1,039,070.10 0.00 419,597,126.44 A-2 591,137.43 0.00 271,620,098.99 X-A 516,882.43 0.00 691,217,225.43 X-B 8,028.26 0.00 23,157,000.00 B-1 38,631.47 0.00 14,915,000.00 B-2 23,888.96 0.00 8,242,000.00 B-3 13,154.95 0.00 4,318,000.00 B-4 7,174.60 0.00 2,355,000.00 B-5 5,977.31 0.00 1,962,000.00 B-6 10,763.83 0.00 3,533,134.00 A-R 0.78 0.00 0.00 ------------ ---- Totals 2,254,710.12 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
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Class Original Face Current Notional Accrued Interest Interest Interest Realized (5) Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) - ------- -------------- ---------------- -------------- ------------ ---------- ---------- ---------- ---------- A-1 453,364,000.00 2.93813% 936.06941771 2.29191136 0.00000000 0.00000000 0.00000000 0.00000000 A-2 296,310,000.00 2.53000% 946.24342715 1.99499656 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.88010% 940.09071328 0.68947627 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.41603% 1000.00000000 0.34668826 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,915,000.00 3.10813% 1000.00000000 2.59010862 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,242,000.00 3.47813% 1000.00000000 2.89844213 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,318,000.00 3.65585% 1000.00000000 3.04653775 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,355,000.00 3.65585% 1000.00000000 3.04653928 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,962,000.00 3.65585% 1000.00000000 3.04653925 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,533,134.00 3.65585% 1000.00000000 3.04653885 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.17243% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Class Total Interest Interest Notational (5) Distribution Shortfall Balance - ------ -------------- ---------- -------------- A-1 2.29191136 0.00000000 925.51928790 A-2 1.99499656 0.00000000 916.67543785 X-A 0.68947627 0.00000000 922.02374023 X-B 0.34668826 0.00000000 1000.00000000 B-1 2.59010862 0.00000000 1000.00000000 B-2 2.89844213 0.00000000 1000.00000000 B-3 3.04653775 0.00000000 1000.00000000 B-4 3.04653928 0.00000000 1000.00000000 B-5 3.04653925 0.00000000 1000.00000000 B-6 3.04653885 0.00000000 1000.00000000 A-R 7.80000000 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 15,981,807.01 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 54,059.11 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 16,035,866.12 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 236,816.04 Payment of Interest and Principal 15,799,050.08 ------------- Total Withdrawals (Pool Distribution Amount) 16,035,866.12 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 231,573.76 Master Servicing Fee 5,242.28 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 236,816.04 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- Class X-A Pool 1 Comp Sub Account 4,500.00 0.00 0.00 4,500.00 Class X-A Pool 2 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 49 15,243,770.26 60 Days 4 1,957,221.56 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 53 17,200,991.82 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.284382% 2.098121% 60 Days 0.186480% 0.269388% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 2.470862% 2.367509%
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 49 15,243,770.26 60 Days 4 1,957,221.56 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 53 17,200,991.82 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.284382% 2.098121% 60 Days 0.186480% 0.269388% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 2.470862% 2.367509%
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 35,325,134.00 4.50002146% 35,325,134.00 4.86208870% 95.137911% 0.000000% Class B-1 20,410,134.00 2.60001961% 20,410,134.00 2.80921459% 2.052874% 42.222062% Class B-2 12,168,134.00 1.55008228% 12,168,134.00 1.67480035% 1.134414% 23.331829% Class B-3 7,850,134.00 1.00001805% 7,850,134.00 1.08047850% 0.594322% 12.223591% Class B-4 5,495,134.00 0.70001775% 5,495,134.00 0.75634048% 0.324138% 6.666641% Class B-5 3,533,134.00 0.45008120% 3,533,134.00 0.48629429% 0.270046% 5.554119% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.486294% 10.001757%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT
POOL ONE No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 38 12,304,943.05 60 Days 3 1,476,221.58 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 41 13,781,164.63 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.013481% 2.790480% 60 Days 0.237906% 0.334773% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 3.251388% 3.125254%
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 38 12,304,943.05 60 Days 3 1,476,221.58 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 41 13,781,164.63 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.013481% 2.790480% 60 Days 0.237906% 0.334773% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 3.251388% 3.125254%
DELINQUENT
POOL TWO No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 11 2,938,827.21 60 Days 1 480,999.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 12 3,419,827.19 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.244344% 1.029065% 60 Days 0.113122% 0.168428% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 1.357466% 1.197493%
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 11 2,938,827.21 60 Days 1 480,999.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 12 3,419,827.19 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.244344% 1.029065% 60 Days 0.113122% 0.168428% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 1.357466% 1.197493%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 4.039839% Weighted Average Net Coupon 3.664358% Weighted Average Pass-Through Rate 3.655858% Weighted Average Maturity (Stepdown Calculation) 331 Beginning Scheduled Collateral Loan Count 2,177 Number of Loans Paid in Full 32 Ending Scheduled Collateral Loan Count 2,145 Beginning Scheduled Collateral Balance 740,086,700.28 Ending Scheduled Collateral Balance 726,542,360.32 Ending Actual Collateral Balance at 28-Feb-2005 726,543,819.90 Monthly P&I Constant 2,492,395.69 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 15,691,429.92 Scheduled Principal 869.89 Unscheduled Principal 13,543,470.07
GROUP ONE TWO TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.037937 4.042718 4.039839 Weighted Average Net Rate 3.662508 3.667158 3.664358 Pass-Through Rate 3.654008 3.658658 3.655858 Weighted Average Maturity 332 331 331 Record Date 02/28/2005 02/28/2005 02/28/2005 Principal and Interest Constant 1,500,772.07 991,623.62 2,492,395.69 Beginning Loan Count 1,276 901 2,177 Loans Paid in Full 15 17 32 Ending Loan Count 1,261 884 2,145 Beginning Scheduled Balance 445,743,086.37 294,343,613.91 740,086,700.28 Ending Scheduled Balance 440,960,037.32 285,582,323.00 726,542,360.32 Scheduled Principal 869.89 0.00 869.89 Unscheduled Principal 4,782,179.16 8,761,290.91 13,543,470.07 Scheduled Interest 1,499,902.18 991,623.62 2,491,525.80 Servicing Fee 139,453.99 92,119.77 231,573.76 Master Servicing Fee 3,157.35 2,084.93 5,242.28 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,357,290.84 897,418.92 2,254,709.76 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING
Group One Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.207349% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Two Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.256488% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%