Wells Fargo Bank Minnesota, N.A. SMT Series 2004-8 Certificateholder Distribution Statement (December 2004)

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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 2004-8 trust. It summarizes the principal and interest payments made to certificateholders as of December 31, 2004, with distributions occurring on January 20, 2005. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 2 f05544iexv10w1.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 2004-8 RECORD DATE: DECEMBER 31, 2004 DISTRIBUTION DATE: JANUARY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A-1 81744FDJ3 SEN 2.76000% 347,742,279.37 799,807.24 A-2 81744FDK0 SEN 2.35000% 401,677,751.84 786,618.93 X-A 81744FDL8 IO 0.64014% 0.00 399,821.67 X-B 81744FDM6 IO 0.16698% 0.00 2,542.82 B-1 81744FDP9 SUB 2.93000% 16,400,000.00 40,043.33 B-2 81744FDQ7 SUB 3.31000% 8,200,000.00 22,618.33 B-3 81744FDR5 SUB 3.18048% 4,100,000.00 10,866.63 B-4 81744FDS3 SUB 3.18048% 2,460,000.00 6,519.98 B-5 81744FDT1 SUB 3.18048% 2,050,000.00 5,433.32 B-6 81744FDU8 SUB 3.18048% 3,690,645.34 9,781.68 A-R 81744FDN4 SEN 2.99135% 0.00 0.00 -------------- ------------ Totals 786,320,676.55 2,084,053.93 ============== ============
Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------- ------------- ------------------ ------------- ------------- A-1 9,196,237.57 0.00 338,546,041.80 9,996,044.81 0.00 A-2 11,886,506.22 0.00 389,791,245.62 12,673,125.15 0.00 X-A 0.00 0.00 0.00 399,821.67 0.00 X-B 0.00 0.00 0.00 2,542.82 0.00 B-1 0.00 0.00 16,400,000.00 40,043.33 0.00 B-2 0.00 0.00 8,200,000.00 22,618.33 0.00 B-3 0.00 0.00 4,100,000.00 10,866.63 0.00 B-4 0.00 0.00 2,460,000.00 6,519.98 0.00 B-5 0.00 0.00 2,050,000.00 5,433.32 0.00 B-6 0.00 0.00 3,690,645.34 9,781.68 0.00 A-R 0.00 0.00 0.00 0.00 0.00 ------------- ---- -------------- ------------- ---- Totals 21,082,743.79 0.00 765,237,932.76 23,166,797.72 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-1 365,049,000.00 347,742,279.37 0.00 9,196,237.57 0.00 A-2 418,050,000.00 401,677,751.84 140.62 11,886,365.60 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 16,400,000.00 16,400,000.00 0.00 0.00 0.00 B-2 8,200,000.00 8,200,000.00 0.00 0.00 0.00 B-3 4,100,000.00 4,100,000.00 0.00 0.00 0.00 B-4 2,460,000.00 2,460,000.00 0.00 0.00 0.00 B-5 2,050,000.00 2,050,000.00 0.00 0.00 0.00 B-6 3,690,645.34 3,690,645.34 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 -------------- -------------- ------ ------------- ---- Totals 819,999,745.34 786,320,676.55 140.62 21,082,603.17 0.00 ============== ============== ====== ============= ====
Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- ------------- -------------- ----------- --------------- A-1 0.00 9,196,237.57 338,546,041.80 0.92739890 9,196,237.57 A-2 0.00 11,886,506.22 389,791,245.62 0.93240341 11,886,506.22 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 16,400,000.00 1.00000000 0.00 B-2 0.00 0.00 8,200,000.00 1.00000000 0.00 B-3 0.00 0.00 4,100,000.00 1.00000000 0.00 B-4 0.00 0.00 2,460,000.00 1.00000000 0.00 B-5 0.00 0.00 2,050,000.00 1.00000000 0.00 B-6 0.00 0.00 3,690,645.34 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 ---- ------------- -------------- ---------- ------------- Totals 0.00 21,082,743.79 765,237,932.76 0.93321728 21,082,743.79 ==== ============= ============== ========== =============
(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-1 365,049,000.00 952.59069158 0.00000000 25.19178951 0.00000000 A-2 418,050,000.00 960.83662681 0.00033637 28.43288028 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 16,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,460,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,050,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,690,645.34 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ------ ---------- ----------- ------------- ----------- --------------- A-1 0.00000000 25.19178951 927.39890207 0.92739890 25.19178951 A-2 0.00000000 28.43321665 932.40341017 0.93240341 28.43321665 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 Current Certificate/ Current Unpaid Current Original Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - ------ -------------- ----------- -------------- ------------ ---------- --------- A-1 365,049,000.00 2.76000% 347,742,279.37 799,807.24 0.00 0.00 A-2 418,050,000.00 2.35000% 401,667,751.84 786,618.93 0.00 0.00 X-A 0.00 0.64014% 749,420,031.21 399,799.51 0.00 0.00 X-B 0.00 0.16698% 24,600,000.00 3,423.20 0.00 0.00 B-1 16,400,000.00 2.93000% 16,400,000.00 40,043.33 0.00 0.00 B-2 8,200,000.00 3.31000% 8,200,000.00 22,618.33 0.00 0.00 B-3 4,100,000.00 3.18048% 4,100,000.00 10,866.63 0.00 0.00 B-4 2,460,000.00 3.18048% 2,460,000.00 6,519.98 0.00 0.00 B-5 2,050,000.00 3.18048% 2,050,000.00 5,433.32 0.00 0.00 B-6 3,690,645.34 3.18048% 3,690,645.34 9,781.68 0.00 0.00 A-R 100.00 2.99135% 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- Totals 819,999,745.34 2,084,892.15 0.00 0.00 ============== ============ ==== ====
Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- -------- -------------- --------- -------------- A-1 0.00 0.00 799,807.24 0.00 338,546,041.80 A-2 0.00 0.00 786,618.93 0.00 389,791,245.62 X-A 0.00 0.00 399,821.67 0.00 728,337,287.42 X-B 0.00 0.00 2,542.82 0.00 24,600,000.00 B-1 0.00 0.00 40,043.33 0.00 16,400,000.00 B-2 0.00 0.00 22,618.33 0.00 8,200,000.00 B-3 0.00 0.00 10,866.63 0.00 4,100,000.00 B-4 0.00 0.00 6,519.98 0.00 2,460,000.00 B-5 0.00 0.00 5,433.32 0.00 2,050,000.00 B-6 0.00 0.00 9,781.68 0.00 3,690,645.34 A-R 0.00 0.00 0.00 0.00 0.00 ---- ---- ------------ ---- Totals 0.00 0.00 2,084,053.93 0.00 ==== ==== ============ ====
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Current Beginning Unpaid Current Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ------ -------------- ----------- ---------------- --------------- ---------- ---------- A-1 365,049,000.00 2.76000% 952.59069158 2.19095858 0.00000000 0.00000000 A-2 418,050,000.00 2.35000% 960.83662681 1.88163839 0.00000000 0.00000000 X-A 0.00 0.64014% 956.99270617 0.51050954 0.00000000 0.00000000 X-B 0.00 0.16698% 1000.00000000 0.13915447 0.00000000 0.00000000 B-1 16,400,000.00 2.93000% 1000.00000000 2.44166646 0.00000000 0.00000000 B-2 8,200,000.00 3.31000% 1000.00000000 2.75833293 0.00000000 0.00000000 B-3 4,100,000.00 3.18048% 1000.00000000 2.65039756 0.00000000 0.00000000 B-4 2,460,000.00 3.18048% 1000.00000000 2.65039837 0.00000000 0.00000000 B-5 2,050,000.00 3.18048% 1000.00000000 2.65040000 0.00000000 0.00000000 B-6 3,690,645.34 3.18048% 1000.00000000 2.65039826 0.00000000 0.00000000 A-R 100.00 2.99135% 0.00000000 0.00000000 0.00000000 0.00000000
Non-Supported Remaining Interest Unpaid Class Shortfall Realized Total Interest Interest Ending Certificate/ (5) Loss (6) Distribution Shortfall Notational Balance - ------ ------------- ---------- -------------- ---------- ------------------- A-1 0.00000000 0.00000000 2.19095858 0.00000000 927.39890207 A-2 0.00000000 0.00000000 1.88163839 0.00000000 932.40341017 X-A 0.00000000 0.00000000 0.51056338 0.00000000 930.07051142 X-B 0.00000000 0.00000000 0.10336667 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.44166646 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.75833293 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.65039756 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.65039837 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.65040000 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.65039826 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 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 23,446,849.47 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 35,444.16 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 23,482,293.63 Withdrawals Reimbursement for Servicer Advances 63,991.17 Payment of Service Fee 251,504.74 Payment of Interest and Principal 23,166,797.72 ------------- Total Withdrawals (Pool Distribution Amount) 23,482,293.63 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 246,590.24 Master Servicing Fee 4,914.50 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 251,504.74 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- Class X-A Pool 1 Comp Sub Account 4,500.00 21.08 21.08 4,500.00 Class X-A Pool 2 Comp Sub Account 4,500.00 21.08 21.08 4,500.00 Class X-B Sub Account 1,000.00 889.75 889.75 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- ------------------------------ ------------------------------ No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------- ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 29 11,371,440.05 30 Days 0 0.00 30 Days 0 0.00 60 Days 4 939,699.98 60 Days 0 0.00 60 Days 0 0.00 90 Days 3 364,799.60 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------- -- ---- -- ---- 36 12,675,939.63 0 0.00 0 0.00 == ============= == ==== == ====
REO TOTAL - ------------------------------- ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 29 11,371,440.05 60 Days 0 0.00 60 Days 4 939,699.98 90 Days 0 0.00 90 Days 3 364,799.60 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------- 0 0.00 36 12,675,939.63 == ==== == =============
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 1.320583% 1.485990% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.182149% 0.122798% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.136612% 0.047671% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 1.639344% 1.656459% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 1.320583% 1.485990% 60 Days 0.000000% 0.000000% 60 Days 0.182149% 0.122798% 90 Days 0.000000% 0.000000% 90 Days 0.136612% 0.047671% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 1.639344% 1.656459% ======== ======== ======== ========
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 35,444.16
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 36,900,645.34 4.50008061% 36,900,645.34 4.82211398% 95.177886% 0.000000% Class B-1 20,500,645.34 2.50007976% 20,500,645.34 2.67898969% 2.143124% 44.443667% Class B-2 12,300,645.34 1.50007934% 12,300,645.34 1.60742755% 1.071562% 22.221834% Class B-3 8,200,645.34 1.00007912% 8,200,645.34 1.07164648% 0.535781% 11.110917% Class B-4 5,740,645.34 0.70007900% 5,740,645.34 0.75017783% 0.321469% 6.666550% Class B-5 3,690,645.34 0.45007889% 3,690,645.34 0.48228730% 0.267891% 5.555458% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.482287% 10.001574%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- ------------------------------ ------------------------------ POOL ONE No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 19 9,236,869.54 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 562,999.98 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ -- ---- -- ---- 21 9,799,869.52 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - ------------------------------ --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 19 9,236,869.54 60 Days 0 0.00 60 Days 2 562,999.98 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------- 0 0.00 21 9,799,869.52 == ==== == =============
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 1.903808% 2.596455% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.200401% 0.158258% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 2.104208% 2.754713% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 1.903808% 2.596455% 60 Days 0.000000% 0.000000% 60 Days 0.200401% 0.158258% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 2.104208% 2.754713% ======== ======== ======== ========
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- --------------------------------- ------------------------------ POOL TWO 1.183654% No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 10 2,134,570.51 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 376,700.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 3 364,799.60 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ -- ---- -- ---- 15 2,876,070.11 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - ------------------------------- --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 10 2,134,570.51 60 Days 0 0.00 60 Days 2 376,700.00 90 Days 0 0.00 90 Days 3 364,799.60 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------ 0 0.00 15 2,876,070.11 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.834725% 0.521270% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.166945% 0.091992% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.250417% 0.089085% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 1.252087% 0.702347% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.834725% 0.521270% 60 Days 0.000000% 0.000000% 60 Days 0.166945% 0.091992% 90 Days 0.000000% 0.000000% 90 Days 0.250417% 0.089085% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 1.252087% 0.702347% ======== ======== ======== ========
COLLATERAL STATEMENT
Collateral Description Mixed Arm - ------------------------------------------------ -------------- Weighted Average Gross Coupon 3.564214% Weighted Average Net Coupon 3.187894% Weighted Average Pass-Through Rate 3.180394% Weighted Average Maturity (Stepdown Calculation) 337 Beginning Scheduled Collateral Loan Count 2,233 Number of Loans Paid in Full 37 Ending Scheduled Collateral Loan Count 2,196 Beginning Scheduled Collateral Balance 786,320,676.55 Ending Scheduled Collateral Balance 765,237,932.76 Ending Actual Collateral Balance at 31-Dec-2004 765,243,376.48 Monthly P&I Constant 2,335,653,03 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 23,068,064.40 Scheduled Principal 140.62 Unscheduled Principal 21,082,603.17
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO
GROUP POOL 1 POOL 2 TOTAL - ------------------------------- -------------- ----------------- -------------- Collateral Description Mixed ARM 1 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.587192 3.544313 3.564214 Weighted Average Net Rate 3.210321 3.168470 3.187894 Pass-Through Rate 3.202821 3.160970 3.180394 Weighted Average Maturity 335 339 337 Record Date 12/31/2004 12/31/2004 12/31/2004 Principal and Interest Constant 1,090,936.49 1,244,716.54 2,335,653.03 Beginning Loan Count 1,015 1,218 2,233 Loans Paid in Full 17 20 37 Ending Loan Count 998 1,198 2,196 Beginning Scheduled Balance 364,943,880.28 421,376,796.27 786,320,676.55 Ending Scheduled Balance 355,747,642.71 409,490,290.05 765,237,932.76 Scheduled Principal 0.00 140.62 140.62 Unscheduled Principal 9,196,237.57 11,886,365.60 21,082,603.17 Scheduled Interest 1,090,936.49 1,244,575.92 2,335,512.41 Servicing Fee 114,613.96 131,976.28 246,590.24 Master Servicing Fee 2,280.90 2,633.60 4,914.50 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 974,041.63 1,109,966.04 2,084,007.67 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 Pool One One-Month LIBOR Loan Balance 195,889,560.94 Six-Month LIBOR Loan Balance 159,858,081.77 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.286508% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Pool Two Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.325076% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%