Wells Fargo Bank Minnesota, N.A. SMT Series 2004-8 Certificateholder Distribution Statement (September 30, 2004 Record Date)

Contract Categories: Business Operations › Administration Agreements
Summary

This document, prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator, summarizes the distribution of principal and interest to holders of various classes of certificates for the SMT Series 2004-8 as of September 30, 2004. It details the amounts distributed, outstanding balances, and interest rates for each class, as well as 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 f03044cexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE ###-###-#### FAX: (301) 315-6660 SMT SERIES 2004-8 RECORD DATE: SEPTEMBER 30, 2004 DISTRIBUTION DATE: OCTOBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Class CUSIP Description Rate Certificate Balance Distribution - ----- ----- ----------- ------------ ------------------- ------------ A-1 81744FDJ3 SEN 2.16125% 361,871,644.21 651,745.91 A-2 81744FDK0 SEN 2.35000% 415,087,420.79 812,879.53 X-A 81744FDL8 IO 2.72957% 0.00 472,372.32 X-B 81744FDM6 IO 0.53367% 0.00 10,940.28 B-1 81744FDP9 SUB 2.33125% 16,400,000.00 31,860.42 B-2 81744FDQ7 SUB 2.71125% 8,200,000.00 18,526.88 B-3 81744FDR5 SUB 2.99159% 4,100,000.00 10,221.26 B-4 81744FDS3 SUB 2.99159% 2,460,000.00 6,132.76 B-5 81744FDT1 SUB 2.99159% 2,050,000.00 5,110.63 B-6 81744FDU8 SUB 2.99159% 3,690,645.34 9,200.74 A-R 81744FDN4 SEN 2.98603% 0.00 1.45 -------------- ------------ Totals 813,859,710.34 2,028,992.18 -------------- ------------ Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ----- ------------ ------------- ------------------ ------------ ------------- A-1 7,884,969.59 0.00 353,986,674.62 8,536,715.50 0.00 A-2 4,027,644.88 0.00 411,059,775.91 4,840,524.41 0.00 X-A 0.00 0.00 0.00 472,372.32 0.00 X-B 0.00 0.00 0.00 10,940.28 0.00 B-1 0.00 0.00 16,400,000.00 31,860.42 0.00 B-2 0.00 0.00 8,200,000.00 18,526.88 0.00 B-3 0.00 0.00 4,100,000.00 10,221.26 0.00 B-4 0.00 0.00 2,460,000.00 6,132.76 0.00 B-5 0.00 0.00 2,050,000.00 5,110.63 0.00 B-6 0.00 0.00 3,690,645.34 9,200.74 0.00 A-R 0.00 0.00 0.00 1.45 0.00 ------------- ---- -------------- ------------- ---- Totals 11,912,614.47 0.00 801,947,095.87 13,941,606.65 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-1 365,049,000.00 361,871,644.21 0.00 7,884,969.59 0.00 0.00 A-2 418,050,000.00 415,087,420.79 223.32 4,027,421.56 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 16,400,000.00 16,400,000.00 0.00 0.00 0.00 0.00 B-2 8,200,000.00 8,200,000.00 0.00 0.00 0.00 0.00 B-3 4,100,000.00 4,100,000.00 0.00 0.00 0.00 0.00 B-4 2,460,000.00 2,460,000.00 0.00 0.00 0.00 0.00 B-5 2,050,000.00 2,050,000.00 0.00 0.00 0.00 0.00 B-6 3,690,645.34 3,690,645.34 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ------ ------------- ---- ---- Totals 819,999,745.34 813,859,710.34 223.32 11,912,391.15 0.00 0.00 -------------- -------------- ------ ------------- ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------- ------- ---------- ------------ A-1 7,884,969.59 353,986,674.62 0.96969633 7,884,969.59 A-2 4,027,644.88 411,059,775.91 0.98327898 4,027,644.88 X-A 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 16,400,000.00 1.00000000 0.00 B-2 0.00 8,200,000.00 1.00000000 0.00 B-3 0.00 4,100,000.00 1.00000000 0.00 B-4 0.00 2,460,000.00 1.00000000 0.00 B-5 0.00 2,050,000.00 1.00000000 0.00 B-6 0.00 3,690,645.34 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 11,912,614.47 801,947,095.87 0.97798457 11,912,614.47 ------------- -------------- ---------- -------------
(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-1 365,049,000.00 991.29608411 0.00000000 21.59975672 0.00000000 0.00000000 A-2 418,050,000.00 992.91333762 0.00053419 9.63382744 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 16,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,460,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,050,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,690,645.34 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 21.59975672 969.69632740 0.96969633 21.59975672 A-2 9.63436163 983.27897598 0.98327898 9.63436163 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 Current Certificate/ Current Payment of Current Non-Supported Original Face Certificate Notional Accrued Unpaid Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------ -------------- ----------- -------------- ------------ --------------- --------- ------------- -------- A-1 365,049,000.00 2.16125% 361,871,644.21 651,745.91 0.00 0.00 0.00 0.00 A-2 418,050,000.00 2.35000% 415,087,420.79 812,879.53 0.00 0.00 0.00 0.00 X-A 0.00 0.72957% 776,959,065.00 472,372.32 0.00 0.00 0.00 0.00 X-B 0.00 0.53367% 24,600,000.00 10,940.28 0.00 0.00 0.00 0.00 B-1 16,400,000.00 2.33125% 16,400,000.00 31,860.42 0.00 0.00 0.00 0.00 B-2 8,200,000.00 2.71125% 8,200,000.00 18,526.88 0.00 0.00 0.00 0.00 B-3 4,100,000.00 2.99159% 4,100,000.00 10,221.26 0.00 0.00 0.00 0.00 B-4 2,460,000.00 2.99159% 2,460,000.00 6,132.76 0.00 0.00 0.00 0.00 B-5 2,050,000.00 2.99159% 2,050,000.00 5,110.63 0.00 0.00 0.00 0.00 B-6 3,690,645.34 2.99159% 3,690,645.34 9,200.74 0.00 0.00 0.00 0.00 A-R 100.00 2.98603% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 819,999,745.34 2,028,990.73 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 651,745.91 0.00 353,986,674.62 A-2 812,879.53 0.00 411,059,775.91 X-A 472,372.32 0.00 765,046,450.53 X-B 10,940.28 0.00 24,600,000.00 B-1 31,860.42 0.00 16,400,000.00 B-2 18,526.88 0.00 8,200,000.00 B-3 10,221.36 0.00 4,100,000.00 B-4 6,132.76 0.00 2,460,000.00 B-5 5,110.63 0.00 2,050,000.00 B-6 9,200.74 0.00 3,690,645.34 A-R 1.45 0.00 0.00 ------------ ---- Totals 2,028,992.18 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 Current Certificate/ Current Payment of Current Non-Supported Class Original Face Certificate Notional Accrued Unpaid Interest Interest Interest Realized (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----- -------------- ----------- -------------- ------------ --------------- ---------- ------------- ---------- A-1 365,049,000.00 2.16125% 991.29608411 1.78536555 0.00000000 0.00000000 0.00000000 0.00000000 A-2 418,050,000.00 2.35000% 992.91333762 1.94445528 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.72957% 992.15943961 0.60320894 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.53367% 1000.00000000 0.44472683 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,400,000.00 2.33125% 1000.00000000 1.94270854 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,200,000.00 2.71125% 1000.00000000 2.25937561 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,100,000.00 2.99159% 1000.00000000 2.49299024 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,460,000.00 2.99159% 1000.00000000 2.49299187 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,050,000.00 2.99159% 1000.00000000 2.49299024 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,690,645.34 2.99159% 1000.00000000 2.49298948 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.98603% 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 1.78536555 0.00000000 969.69632740 A-2 1.94445528 0.00000000 983.27897598 X-A 0.60320894 0.00000000 976.94729597 X-B 0.44472683 0.00000000 1000.00000000 B-1 1.94270854 0.00000000 1000.00000000 B-2 2.25937561 0.00000000 1000.00000000 B-3 2.49299024 0.00000000 1000.00000000 B-4 2.49299187 0.00000000 1000.00000000 B-5 2.49299024 0.00000000 1000.00000000 B-6 2.49298948 0.00000000 1000.00000000 A-R 14.50000000 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 14,203,743.30 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,581.08 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 14,205,324.38 Withdrawals Reimbursement for Servicer Advances 3,383.37 Payment of Service Fee 260,334.37 Payment of Interest and Principal 13,941,606.64 ------------- Total Withdrawals (Pool Distribution Amount) 14,205,324.38 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 255,247.74 Master Servicing Fee 5,086.63 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 260,334.37 ==========
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 3 674,100.00 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 --- ---------- 3 674,100.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.132509% 0.084055% 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% -------- -------- 0.132509% 0.084055%
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 3 674,100.00 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 --- ---------- 3 674,100.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.132509% 0.084055% 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% -------- -------- 0.132509% 0.084055%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,581.08
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ----------- --------------- ------------ Class A 36,900,645.34 4.50008061% 36,900,645.34 4.60138150% 95.398618% 0.000000% Class B-1 20,500,645.34 2.50007976% 20,500,645.34 2.55635882% 2.045023% 44.443667% Class B-2 12,300,645.34 1.50007934% 12,300,645.34 1.53384748% 1.022511% 22.221834% Class B-3 8,200,645.34 1.00007912% 8,200,645.34 1.02259181% 0.511256% 11.110917% Class B-4 5,740,645.34 0.70007900% 5,740,645.34 0.71583841% 0.306753% 6.666550% Class B-5 3,690,645.34 0.45007889% 3,690,645.34 0.46021057% 0.255628% 5.555458% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.460211% 10.001574%
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 1 250,000.00 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 -- ---------- 1 250,000.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.097656% 0.067351% 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% -------- -------- 0.097656% 0.067351%
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 1 250,000.00 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 --- ---------- 1 250,000.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.097656% 0.067351% 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% -------- -------- 0.097656% 0.067351%
DELINQUENT POOL TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 2 424,100.00 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 --- ---------- 2 424,100.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.161290% 0.098449% 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% -------- -------- 0.161290% 0.098449%
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 2 424,100.00 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 --- ---------- 2 424,100.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.161290% 0.098449% 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% -------- -------- 0.161290% 0.098449%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.375509% Weighted Average Net Coupon 2.999158% Weighted Average Pass-Through Rate 2.991658% Weighted Average Maturity (Stepdown Calculation) 340 Beginning Scheduled Collateral Loan Count 2,281 Number of Loans Paid in Full 17 Ending Scheduled Collateral Loan Count 2,264 Beginning Scheduled Collateral Balance 813,859,710.34 Ending Scheduled Collateral Balance 801,947,095.87 Ending Actual Collateral Balance at 30-Sept-2004 801,973,133.70 Monthly P&I Constant 2,289,549.10 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 13,849,612.23 Scheduled Principal 223.32 Unscheduled Principal 11,912,391.15
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 3.282367 3.456716 3.375509 Weighted Average Net Rate 2.905560 3.080762 2.999158 Pass-Through Rate 2.898060 3.073262 2.991568 Weighted Average Maturity 338 342 340 Record Date 09/30/2004 09/30/2004 09/30/2004 Principal and Interest Constant 1,036,881.26 1,252,667.84 2,289,549.10 Beginning Loan Count 1,032 1,249 2,281 Loans Paid in Full 8 9 17 Ending Loan Count 1,024 1,240 2,264 Beginning Scheduled Balance 379,073,245.12 434,786,465.22 813,859,710.34 Ending Scheduled Balance 371,188,275.53 430,758,820.34 801,947,095.87 Scheduled Principal 0.00 223.32 223.32 Unscheduled Principal 7,884,969.59 4,027,421.56 11,912,391.15 Scheduled Interest 1,036,881.26 1,252,444.52 2,289,325.78 Servicing Fee 119,031.23 136,216.51 255,247.74 Master Servicing Fee 2,369.21 2,717.42 5,086.63 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 915,480.82 1,113,510.59 2,028,991.41 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 201,866,500.07 Six-Month LIBOR Loan Balance 169,321,775.46 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.462196% 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 95.469260% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%