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

Contract Categories: Business Operations › Distribution Agreements
Summary

This document is a distribution summary for certificateholders of the SMT Series 2004-7, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of October 29, 2004, with distributions occurring on November 22, 2004. The summary includes beginning and ending balances, distribution amounts, and rates for each class. All calculations are made in accordance with the Pooling and Servicing Agreement, and no realized losses are reported for this period.

View More
EX-10.1 2 f03812bexv10w1.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: OCTOBER 29, 2004 DISTRIBUTION DATE: NOVEMBER 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Class CUSIP Description Rate Certificate Balance - ----- ----- ----------- ---- ------------------- A-1 81744FCV7 SEN 2.94563% 487,340,197.43 A-2 81744FCW5 SEN 2.22000% 245,473,350.31 A-3-A 81744FCX3 SEN 2.28500% 240,459,826.26 A-3-B 81744FDH7 SEN 2.51000% 3,837,671.85 X-A 81744FCY1 IO 0.75211% 0.00 X-B 81744FCZ8 IO 0.37239% 0.00 B-1 81744FDB0 SUB 2.46000% 18,900,000.00 B-2 81744FDC8 SUB 2.85000% 11,025,000.00 B-3 81744FDD6 SUB 2.97608% 6,300,000.00 B-4 81744FDE4 SUB 2.97608% 3,150,000.00 B-5 81744FDF1 SUB 2.97608% 2,625,000.00 B-6 81744FDG9 SUB 2.97608% 5,250,582.74 A-R 81744FDA2 RES 2.93939% 0.00 ---------------- Totals 1,024,361,628.59 ---------------- Interest Principal Current Ending Certificate Total Cumulative Class Distribution Distribution Realized Loss Balance Distribution Realized Loss - ----- ------------ ------------ ------------- ------- ------------ ------------- A-1 1,196,271.38 8,130,791.96 0.00 479,209,405.47 9,327,063.34 0.00 A-2 454,125.70 3,909,975.04 0.00 241,563,375.27 4,364,100.74 0.00 A-3-A 457,875.59 1,876,924.35 0.00 238,582,901.91 2,334,799.94 0.00 A-3-B 8,027.13 29,955.19 0.00 3,807,716.66 37,982.32 0.00 X-A 306,969.10 0.00 0.00 0.00 306,969.10 0.00 X-B 9,286.50 0.00 0.00 0.00 9,286.50 0.00 B-1 38,745.00 0.00 0.00 18,900,000.00 38,745.00 0.00 B-2 26,184.38 0.00 0.00 11,025,000.00 26,184.38 0.00 B-3 15,624.39 0.00 0.00 6,300,000.00 15,624.39 0.00 B-4 7,812.20 0.00 0.00 3,150,000.00 7,812.20 0.00 B-5 6,510.16 0.00 0.00 2,625,000.00 6,510.16 0.00 B-6 13,021.77 0.00 0.00 5,250,582.74 13,021.77 0.00 A-R 1.55 0.00 0.00 0.00 1.55 0.00 ------------ ------------- ---- ---------------- ------------- ---- Totals 2,540,454.85 13,947,646.54 0.00 1,010,413,982.05 16,488,101.39 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 Class Amount Balance Distribution Distribution Accretion - ----- ------ ------- ------------ ------------ --------- A-1 498,828,000.00 487,340,197.43 0.00 8,130,791.96 0.00 A-2 252,102,000.00 245,473,350.31 0.00 3,909,975.04 0.00 A-3-A 247,874,000.00 240,459,826.26 0.00 1,876,924.35 0.00 A-3-B 3,956,000.00 3,837,671.85 0.00 29,955.19 0.00 X-A 0.00 0.00 0.00 0.00 0.00 X-B 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 B-2 11,025,000.00 11,025,000.00 0.00 0.00 0.00 B-3 6,300,000.00 6,300,000.00 0.00 0.00 0.00 B-4 3,150,000.00 3,150,000.00 0.00 0.00 0.00 B-5 2,625,000.00 2,625,000.00 0.00 0.00 0.00 B-6 5,250,582.74 5,250,582.74 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 ---------------- ---------------- ---- ------------- ---- Totals 1,050,010,682.74 1,024,361,628.59 0.00 13,947,646.54 0.00 ---------------- ---------------- ---- ------------- ---- Realized Total Ending Ending Total Principal Class Loss (1) Principal Reduction Certificate Balance Certificate Percentage Distribution - ----- -------- ------------------- ------------------- ---------------------- ------------ A-1 0.00 8,130,791.96 479,209,405.47 0.96067062 8,130,791.96 A-2 0.00 3,909,975.04 241,563,375.27 0.95819698 3,909,975.04 A-3-A 0.00 1,876,924.35 238,582,901.91 0.96251685 1,876,924.35 A-3-B 0.00 29,955.19 3,807,716.66 0.96251685 29,955.19 X-A 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 18,900,000.00 1.00000000 0.00 B-2 0.00 0.00 11,025,000.00 1.00000000 0.00 B-3 0.00 0.00 6,300,000.00 1.00000000 0.00 B-4 0.00 0.00 3,150,000.00 1.00000000 0.00 B-5 0.00 0.00 2,625,000.00 1.00000000 0.00 B-6 0.00 0.00 5,250,582.74 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 ---- ------------- ---------------- ---------- ------------- Totals 0.00 13,947,646.54 1,010,413,982.05 0.96228924 13,947,646.54 ---- ------------- ---------------- ---------- -------------
(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 Class Amount Balance Distribution Distribution Accretion - ----- ------ ------- ------------ ------------ --------- A-1 498,828,000.00 976.97041351 0.00000000 16.29979063 0.00000000 A-2 252,102,000.00 973.70647718 0.00000000 15.50949631 0.00000000 A-3-A 247,874,000.00 970.08894140 0.00000000 7.57209046 0.00000000 A-3-B 3,956,000.00 970.08894085 0.00000000 7.57209050 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 18,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 11,025,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 6,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 3,150,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 5,250,582.74 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 Realized Total Ending Ending Total Principal Class Loss (3) Principal Reduction Certificate Balance Certificate Percentage Distribution - ----- -------- ------------------- ------------------- ---------------------- ------------ A-1 0.00000000 16.29979063 960.67062288 0.96067062 16.29979063 A-2 0.00000000 15.50949631 958.19698086 0.95819698 15.50949631 A-3-A 0.00000000 7.57209046 962.51685094 0.96251685 7.57209046 A-3-B 0.00000000 7.57209050 962.51685035 0.96251685 7.57209050 X-A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 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 Certificate/ Current Unpaid Original Face Current Notional Accrued Interest Class Amount Certificate Rate Balance Interest Shortfall - ----- ------ ---------------- ------- -------- --------- A-1 498,828,000.00 2.94563% 487,340,197.43 1,196,271.38 0.00 A-2 252,102,000.00 2.22000% 245,473,350.31 454,125.70 0.00 A-3-A 247,874,000.00 2.28500% 240,459,826.26 457,875.59 0.00 A-3-B 3,956,000.00 2.51000% 3,837,671.85 8,027.13 0.00 X-A 0.00 0.75211% 489,770,848.42 306,969.10 0.00 X-B 0.00 0.37239% 29,925,000.00 9,286.50 0.00 B-1 18,900,000.00 2.46000% 18,900,000.00 38,745.00 0.00 B-2 11,025,000.00 2.85000% 11,025,000.00 26,184.38 0.00 B-3 6,300,000.00 2.97608% 6,300,000.00 15,624,39 0.00 B-4 3,150,000.00 2.97608% 3,150,000.00 7,812.20 0.00 B-5 2,625,000.00 2.97608% 2,625,000.00 6,510.16 0.00 B-6 5,250,582.74 2.97608% 5,250,582.74 13,021.77 0.00 A-R 100.00 2.93939% 0.00 0.00 0.00 ---------------- ------------ ---- Totals 1,050,010,682.74 2,540,453.30 0.00 ---------------- ------------ ---- Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ----- --------- --------- -------- ------------ --------- ------- A-1 0.00 0.00 0.00 1,196,271.38 0.00 479,209,405.47 A-2 0.00 0.00 0.00 454,125.70 0.00 241,563,375.27 A-3-A 0.00 0.00 0.00 457,875.59 0.00 238,582,901.91 A-3-B 0.00 0.00 0.00 8,027.13 0.00 3,807,716.66 X-A 0.00 0.00 0.00 306,969.11 0.00 483,953,993.84 X-B 0.00 0.00 0.00 9,286.50 0.00 29,925,000.00 B-1 0.00 0.00 0.00 39,745.00 0.00 18,900,000.00 B-2 0.00 0.00 0.00 26,184.38 0.00 11,025,000.00 B-3 0.00 0.00 0.00 15,624.39 0.00 6,300,000.00 B-4 0.00 0.00 0.00 7,812.20 0.00 3,150,000.00 B-5 0.00 0.00 0.00 6,510.16 0.00 2,625,000.00 B-6 0.00 0.00 0.00 13,021.77 0.00 5,250,582.74 A-R 0.00 0.00 0.00 1.55 0.00 0.00 ---- ---- ---- ------------ ---- Totals 0.00 0.00 0.00 2,540,454.85 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 Class Original Face Certificate Certificate/ Current Accrued Interest (5) Amount Rate Notional Balance Interest Shortfall --- ------ ---- ---------------- -------- --------- A-1 498,828,000.00 2.94563% 976.97041351 2.39816406 0.00000000 A-2 252,102,000.00 2.22000% 973.70647718 1.80135699 0.00000000 A-3-A 247,874,000.00 2.28500% 970.08894140 1.84721104 0.00000000 A-3-B 3,956,000.00 2.51000% 970.08894085 2.02910263 0.00000000 X-A 0.00 0.75211% 971.89868558 0.60914786 0.00000000 X-B 0.00 0.37239% 1000.00000000 0.31032581 0.00000000 B-1 18,900,000.00 2.46000% 1000.00000000 2.05000000 0.00000000 B-2 11,025,000.00 2.85000% 1000.00000000 2.37500045 0.00000000 B-3 6,300,000.00 2.97608% 1000.00000000 2.48006190 0.00000000 B-4 3,150,000.00 2.97608% 1000.00000000 2.48006349 0.00000000 B-5 2,625,000.00 2.97608% 1000.00000000 2.48006095 0.00000000 B-6 5,250,582.74 2.97608% 1000.00000000 2.48006186 0.00000000 A-R 100.00 2.93939% 0.00000000 0.00000000 0.00000000 Non- Remaining Current Supported Unpaid Class Interest Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Shortfall Loss (6) Distribution Shortfall Notational Balance --- --------- --------- -------- ------------ --------- ------------------ A-1 0.00000000 0.00000000 0.00000000 2.39816406 0.00000000 960.67062288 A-2 0.00000000 0.00000000 0.00000000 1.80135699 0.00000000 958.19698086 A-3-A 0.00000000 0.00000000 0.00000000 1.84721104 0.00000000 962.51685094 A-3-B 0.00000000 0.00000000 0.00000000 2.02910263 0.00000000 962.51685035 X-A 0.00000000 0.00000000 0.00000000 0.60914786 0.00000000 960.35575006 X-B 0.00000000 0.00000000 0.00000000 0.31032581 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 0.00000000 2.05000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 2.37500045 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 2.48006190 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 2.48006349 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 2.48006095 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 2.48006186 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 15.50000000 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 16,695,420.93 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 124,019.52 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 16,819,440.45 Withdrawals Reimbursement for Servicer Advances 5,180.47 Payment of Service Fee 326,158.59 Payment of Interest and Principal 16,488,101.39 ------------- Total Withdrawals (Pool Distribution Amount) 16,819,440.45 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 321,463.60 Master Servicing Fee 4,694.99 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 326,158.59 ==========
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 146 47,970,756.49 60 Days 1 540,000.00 90 Days 2 691,499.95 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------------- 149 49,202,256.44
No. of Principal Loans Balance ----- ------- 0-29 Days 0.000000% 0.000000% 30 Days 4.805793% 4.747616% 60 Days 0.032916% 0.053443% 90 Days 0.065833% 0.068437% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 4.904542% 4.869496%
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 146 47,970,756.49 60 Days 1 540,000.00 90 Days 2 691,499.95 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------------- 149 49,202,256.44
No. of Principal Loans Balance ----- ------- 0-29 Days 0.000000% 0.000000% 30 Days 4.805793% 4.747616% 60 Days 0.032916% 0.053443% 90 Days 0.065833% 0.068437% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 4.904542% 4.869496%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 124,019.52
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 47,250,582.74 4.50000972% 47,250,582.74 4.67635876% 95.323641% 0.000000% Class B-1 28,350,582.74 2.70002803% 28,350,582.74 2.80583832% 1.870520% 39.999507% Class B-2 17,325,582.74 1.65003871% 17,325,582.74 1.71470140% 1.091137% 23.333046% Class B-3 11,025,582.74 1.05004482% 11,025,582.74 1.09119459% 0.623507% 13.333169% Class B-4 7,875,582.74 0.75004787% 7,875,582.74 0.77944119% 0.311753% 6.666584% Class B-5 5,250,582.74 0.50005041% 5,250,582.74 0.51964668% 0.259795% 5.555487% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.519647% 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 73 23,304,977.05 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 -- ------------- 73 23,304,977.05
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 4.889484% 4.635819% 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% -------- -------- 4.889484% 4.635819%
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 73 23,304,977.05 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 --- ------------- 73 23,304,977.05
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 4.889484% 4.635819% 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% -------- -------- 4.889484% 4.635819%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 31 10,117,452.86 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 -- ------------- 31 10,117,452.86
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 4.269972% 3.992006% 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% -------- -------- 4.269972% 3.992006%
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 31 10,117,452.86 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 -- ------------- 31 10,117,452.86
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 4.269972% 3.992006% 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% -------- -------- 4.269972% 3.992006%
DELINQUENT GROUP THREE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 42 14,548,326.58 60 Days 1 540,000.00 90 Days 2 691,499.95 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------- 45 15,779,826.53
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 5.128205% 5.721839% 60 Days 0.122100% 0.212381% 90 Days 0.244200% 0.271966% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 5.494505% 6.206187%
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 42 14,548,326.58 60 Days 1 540,000.00 90 Days 2 691,499.95 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------- 45 15,779,826.53
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 5.128205% 5.721839% 60 Days 0.122100% 0.212381% 90 Days 0.244200% 0.271966% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 5.494505% 6.206187%
COLLATERAL STATEMENT \ Collateral Description Mixed Arm Weighted Average Gross Coupon 3.358126% Weighted Average Net Coupon 2.981544% Weighted Average Pass-Through Rate 2.976044% Weighted Average Maturity (Stepdown Calculation) 339 Beginning Scheduled Collateral Loan Count 3,067 Number of Loans Paid in Full 29 Ending Scheduled Collateral Loan Count 3,038 Beginning Scheduled Collateral Balance 1,024,361,628.59 Ending Scheduled Collateral Balance 1,010,413,982.05 Ending Actual Collateral Balance at 29-Oct-2004 1,010,417,883.28 Monthly P&I Constant 2,866,612.80 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 16,370,915.44 Scheduled Principal 0.00 Unscheduled Principal 13,947,646.54
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 3.327916 3.434974 3.341167 3.358126 Weighted Average Net Rate 2.951135 3.058898 2.964473 2.981544 Pass-Through Rate 2.945636 3.053398 2.958973 2.976044 Weighted Average Maturity 338 336 344 339 Record Date 10/29/2004 10/29/2004 10/29/2004 10/29/2004 Principal and Interest Constant 1,416,708.11 736,664.83 713,239.86 2,866,612.80 Beginning Loan Count 1,509 734 824 3,067 Loans Paid in Full 16 8 5 29 Ending Loan Count 1,493 726 819 3,038 Beginning Scheduled Balance 510,845,203.96 257,352,082.28 256,164,342.35 1,024,361,628.59 Ending Scheduled Balance 502,714,412.00 253,442,107.24 254,257,462.81 1,010,413,982.05 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 8,130,791.96 3,909,975.04 1,906,879.54 13,947,646.54 Scheduled Interest 1,416,708.11 736,664.83 713,239.86 2,866,612.80 Servicing Fee 160,397.25 80,653.37 80,412.98 321,463.60 Master Servicing Fee 2,341.37 1,179.53 1,174.09 4,694.99 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 1,253,969.49 654,831.93 631,652.79 2,540,454.21 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 95.398801% 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 174,357,972.78 Six-Month LIBOR Loan Balance 79,084,134.46 Principal Transfer Amount 0.00 Pro-Rata Senior Percent 95.384249% 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 95.367488% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Interest Transfer Amount 0.00