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

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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 distributions made to certificateholders as of March 31, 2005, with a distribution date of April 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 f08876cexv10w1.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: MARCH 31, 2005 DISTRIBUTION DATE: APRIL 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ---------- --------- ----------- ------------ -------------- ------------- A-1 81744FDJ3 SEN 3.20000% 327,504,952.40 873,346.54 A-2 81744FDK0 SEN 3.45000% 367,243,066.80 1,055,823.82 X-A 81744FDL8 IO 0.63697% 0.00 368,776.26 X-B 81744FDM6 IO 0.47283% 0.00 9,693.06 B-1 81744FDP9 SUB 3.37000% 16,400,000.00 46,056.67 B-2 81744FDQ7 SUB 3.75000% 8,200,000.00 25,625.00 B-3 81744FDR5 SUB 3.96950% 4,100,000.00 13,562.45 B-4 81744FDS3 SUB 3.96950% 2,460,000.00 8,137.47 B-5 81744FDT1 SUB 3.96950% 2,050,000.00 6,781.23 B-6 81744FDU8 SUB 3.96950% 3,690,645.34 12,208.34 A-R 81744FDN4 SEN 3.08748% 0.00 0.29 -------------- ------------ Totals 731,648,664.54 2,420,011.13 -------------- ------------ Ending Principal Current Certificate Total Cumulative Class CUSIP Distribution Realized Loss Balance Distribution Realized Loss - ---------- --------- ------------- ------------- -------------- ------------- -------------- A-1 81744FDJ3 8,921,533.83 0.00 318,583,418.57 9,794,880.37 0.00 A-2 81744FDK0 13,310,003.95 0.00 353,933,062.85 14,365,827.77 0.00 X-A 81744FDL8 0.00 0.00 0.00 368,776.26 0.00 X-B 81744FDM6 0.00 0.00 0.00 9,693.06 0.00 B-1 81744FDP9 0.00 0.00 16,400,000.00 46,056.67 0.00 B-2 81744FDQ7 0.00 0.00 8,200,000.00 25,625.00 0.00 B-3 81744FDR5 0.00 0.00 4,100,000.00 13,562.45 0.00 B-4 81744FDS3 0.00 0.00 2,460,000.00 8,137.47 0.00 B-5 81744FDT1 0.00 0.00 2,050,000.00 6,781.23 0.00 B-6 81744FDU8 0.00 0.00 3,690,645.34 12,208.34 0.00 A-R 81744FDN4 0.00 0.00 0.00 0.29 0.00 ------------- ---- -------------- ------------- ---- Totals 22,231,537.78 0.00 709,417,126.76 24,651,548.91 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 Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ----- -------------- -------------- ------------ ------------- --------- -------- --------------- ------------------ A-1 365,049,000.00 327,504,952.40 0.00 8,921,533.83 0.00 0.00 8,921,533.83 318,583,418.57 A-2 418,050,000.00 367,243,066.80 189.42 13,309,814.53 0.00 0.00 13,310,003.95 353,933,062.85 X-A 0.00 0.00 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 0.00 0.00 B-1 16,400,000.00 16,400,000.00 0.00 0.00 0.00 0.00 0.00 16,400,000.00 B-2 8,200,000.00 8,200,000.00 0.00 0.00 0.00 0.00 0.00 8,200,000.00 B-3 4,100,000.00 4,100,000.00 0.00 0.00 0.00 0.00 0.00 4,100,000.00 B-4 2,460,000.00 2,460,000.00 0.00 0.00 0.00 0.00 0.00 2,460,000.00 B-5 2,050,000.00 2,050,000.00 0.00 0.00 0.00 0.00 0.00 2,050,000.00 B-6 3,690,645.34 3,690,645.34 0.00 0.00 0.00 0.00 0.00 3,690,645.34 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ------ ------------- ---- ---- ------------- -------------- Totals 819,999,745.34 731,648,664.54 189.42 22,231,348.36 0.00 0.00 22,231,537.78 709,417,126.76 -------------- -------------- ------ ------------- ---- ---- ------------- -------------- Ending Certificate Total Principal Class Percentage Distribution - ----- ------------------ --------------- A-1 0.82771412 8,921,533.83 A-2 0.84662854 13,310,003.95 X-A 0.00000000 0.00 X-B 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 A-R 0.00000000 0.00 ---------- ------------- Totals 0.86514311 22,231,537.78 ---------- -------------
(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 Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- -------------- ------------- ------------ ------------ ---------- ---------- --------------- ------------------ A-1 365,049,000.00 897.15340242 0.00000000 24.43927755 0.00000000 0.00000000 24.43927755 872.71412487 A-2 418,050,000.00 878.46685038 0.00045310 31.83785320 0.00000000 0.00000000 31.83830630 846.62854407 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 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 0.00000000 1000.00000000 B-2 8,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 4,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 2,460,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 2,050,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 3,690,645.34 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Certificate Total Principal Class Percentage Distribution - ----- ------------------ --------------- A-1 0.87271412 24.43927755 A-2 0.84662854 31.83830630 X-A 0.00000000 0.00000000 X-B 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 1.00000000 0.00000000 A-R 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-1 365,049,000.00 3.20000% 327,504,952.40 873,346.54 0.00 0.00 0.00 0.00 A-2 418,050,000.00 3.45000% 367,243,066.80 1,055,823.82 0.00 0.00 0.00 0.00 X-A 0.00 0.63697% 694,748,019.20 368,776.26 0.00 0.00 0.00 0.00 X-B 0.00 0.47283% 24,600,000.00 9,693.06 0.00 0.00 0.00 0.00 B-1 16,400,000.00 3.37000% 16,400,000.00 46,056.67 0.00 0.00 0.00 0.00 B-2 8,200,000.00 3.75000% 8,200,000.00 25,625.00 0.00 0.00 0.00 0.00 B-3 4,100,000.00 3.96950% 4,100,000.00 13,562.45 0.00 0.00 0.00 0.00 B-4 2,460,000.00 3.96950% 2,460,000.00 8,137.47 0.00 0.00 0.00 0.00 B-5 2,050,000.00 3.96950% 2,050,000.00 6,781.23 0.00 0.00 0.00 0.00 B-6 3,690,645.34 3.96950% 3,690,645.34 12,208.34 0.00 0.00 0.00 0.00 A-R 100.00 3.08748% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- ---- Totals 819,999,745.34 2,420,010.84 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance ----- ------------ --------- -------------- A-1 873,346.54 0.00 318,583,418.57 A-2 1,055,823.82 0.00 353,933,062.85 X-A 368,776.26 0.00 672,516,481.42 X-B 9,693.06 0.00 24,600,000.00 B-1 46,056.67 0.00 16,400,000.00 B-2 25,625.00 0.00 8,200,000.0 B-3 13,562.45 0.00 4,100,000.00 B-4 8,137.47 0.00 2,460,000.00 B-5 6,782.23 0.00 2,050,000.00 B-6 12,208.34 0.00 3,690,645.34 A-R 0.29 0.00 0.00 ------------ ---- -------------- Totals 2,420,011.13 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
Non- Current Beginning Payment of Current Supported Original Face Certificate Certificate/ Current Accrued Unpaid Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------- -------------- ----------- ---------------- --------------- --------------- ---------- ---------- ---------- A-1 365,049,000.00 3.20000% 897.15340242 2.39240907 0.00000000 0.00000000 0.00000000 0.00000000 A-2 418,050,000.00 3.45000% 878.46685038 2.52559220 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.63697% 887.17776322 0.47091908 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.47283% 1000.00000000 0.39402683 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,400,000.00 3.37000% 1000.00000000 2.80833354 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,200,000.00 3.75000% 1000.00000000 3.12500000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,100,000.00 3.96950% 1000.00000000 3.30791463 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,460,000.00 3.96950% 1000.00000000 3.30791463 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,050,000.00 3.96950% 1000.00000000 3.30791707 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,690,645.34 3.96950% 1000.00000000 3.30791471 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.08748% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - --------- -------------- ---------- ------------------- A-1 2.39240907 0.00000000 872.71412487 A-2 2.52559220 0.00000000 846.62854407 X-A 0.47091908 0.00000000 858.78858410 X-B 0.39402683 0.00000000 1000.00000000 B-1 2.80833354 0.00000000 1000.00000000 B-2 3.12500000 0.00000000 1000.00000000 B-3 3.30791463 0.00000000 1000.00000000 B-4 3.30791463 0.00000000 1000.00000000 B-5 3.30791707 0.00000000 1000.00000000 B-6 3.30791471 0.00000000 1000.00000000 A-R 2.90000000 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 24,885,624.90 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 24,885,624.90 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 234,075.99 Payment of Interest and Principal 24,651,548.91 ------------- Total Withdrawals (Pool Distribution Amount) 24,885,624.90 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 229,503.18 Master Servicing Fee 4,572.81 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 234,075.99 ==========
OTHER ACCOUNTS
Account Type Beginning Balance Current Withdrawals Current Deposits Ending 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 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 20 8,155,172.52 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 120,555.00 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 1 160,000.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 1 134,800.22 -- ------------ -- ---- -- ---------- 21 8,275,727.52 0 0.00 2 294,800.22 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 0.962927% 1.149548% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.048146% 0.016993% 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 0.048146% 0.022553% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.048146% 0.019001% -------- -------- -------- -------- -------- -------- 1.011074% 1.166541% 0.000000% 0.000000% 0.096293% 0.041555% 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 20 8,155,172.52 60 Days 0 0.00 60 Days 1 120,555.00 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 1 160,000.00 180+ Days 0 0.00 180+ Days 1 134,800.22 -- ---- --- ------------ 0 0.00 23 8,570,527.74 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 0.962927% 1.149548% 60 Days 0.000000% 0.000000% 60 Days 0.048146% 0.016993% 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 0.048146% 0.022553% 180+ Days 0.000000% 0.000000% 180+ Days 0.048146% 0.019001% -------- -------- -------- -------- 0.000000% 0.000000% 1.107366% 1.208096%
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 36,900,645.34 4.50008061% 36,900,645.34 5.20154419% 94.798456% 0.000000% Class B-1 20,500,645.34 2.50007976% 20,500,645.34 2.88978720% 2.311757% 44.443667% Class B-2 12,300,645.34 1.50007934% 12,300,645.34 1.73390871% 1.155878% 22.221834% Class B-3 8,200,645.34 1.00007912% 8,200,645.34 1.15596946% 0.577939% 11.110917% Class B-4 5,740,645.34 0.70007900% 5,740,645.34 0.80920591% 0.346764% 6.666550% Class B-5 3,690,645.34 0.45007889% 3,690,645.34 0.52023629% 0.288970% 5.555458% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.520236% 10.001574%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------- ------------------------------- ------------------------------- No. of Principal No. of Principal No. of Principal POOL ONE 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 4,462,997.10 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 120,555.00 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 -------- ------------ -------- -------- -------- -------- 11 4,583,552.10 0 0.00 0 0.00 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 1.055966% 1.329126% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.105597% 0.035903% 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% -------- ------------ -------- -------- -------- -------- 1.161563% 1.365029% 0.000000% 0.000000% 0.000000% 0.000000%
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 4,462,997.10 60 Days 0 0.00 60 Days 1 120,555.00 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 11 4,583,552.10 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 1.055966% 1.329126% 60 Days 0.000000% 0.000000% 60 Days 0.105597% 0.035903% 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% 1.161563% 1.365029%
BANKRUPTCY DELINQUENT ------------------------------- FORECLOSURE - ---------------------------------- 1.183654% -------------------------------- No. of Principal No. of Principal No. of Principal POOL TWO 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 3,692,175.42 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 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 1 160,000.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 1 134,800.22 -------- ------------ -------- -------- -------- ---------- 10 3,692,175.42 0 0.00 2 294,800.22 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 0.884956% 0.988163% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 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 0.088496% 0.042822% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.088496% 0.036078% -------- ------------ -------- -------- -------- ---------- 0.884956% 0.988163% 0.000000% 0.000000% 0.176991% 0.078899%
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 3,692,175.42 60 Days 0 0.00 60 Days 0 0.00 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 1 160,000.00 180+ Days 0 0.00 180+ Days 1 134,800.22 -------- -------- -------- ------------ 0 0.00 12 3,986,975.64 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 0.884956% 0.988163% 60 Days 0.000000% 0.000000% 60 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% 150 Days 0.000000% 0.000000% 150 Days 0.088496% 0.042822% 180+ Days 0.000000% 0.000000% 180+ Days 0.088496% 0.036078% -------- -------- -------- ------------ 0.000000% 0.000000% 1.061947% 1.067063%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 4.353051% Weighted Average Net Coupon 3.976636% Weighted Average Pass-Through Rate 3.969136% Weighted Average Maturity (Stepdown Calculation) 334 Beginning Scheduled Collateral Loan Count 2,131 Number of Loans Paid in Full 54 Ending Scheduled Collateral Loan Count 2,077 Beginning Scheduled Collateral Balance 731,648,664.54 Ending Scheduled Collateral Balance 709,417,126.76 Ending Actual Collateral Balance at 31-Mar-2005 709,424,572.02 Monthly P&I Constant 2,654,276.16 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 24,529,484.40 Scheduled Principal 189.42 Unscheduled Principal 22,231,348.36
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 4.315048 4.386906 4.353051 Weighted Average Net Rate 3.938073 4.010989 3.976636 Pass-Through Rate 3.930573 4.003489 3.969136 Weighted Average Maturity 332 336 334 Record Date 03/31/2005 03/31/2005 03/31/2005 Principal and Interest Constant 1,239,521.04 1,414,755.12 2,654,276.16 Beginning Loan Count 972 1,159 2,131 Loans Paid in Full 25 29 54 Ending Loan Count 947 1,130 2,077 Beginning Scheduled Balance 344,706,553.31 386,942,111.23 731,648,664.54 Ending Scheduled Balance 335,785,019.48 373,632,107.28 709,417,126.76 Scheduled Principal 0.00 189.42 189.42 Unscheduled Principal 8,921,533.83 13,309,814.53 22,231,348.36 Scheduled Interest 1,239,521.04 1,414,565.70 2,654,086.74 Servicing Fee 108,287.97 121,215.21 229,503.18 Master Servicing Fee 2,154.42 2,418.39 4,572.81 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 1,129,078.65 1,290,932.10 2,420,010.75 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 189,611,596.98 Six-Month LIBOR Loan Balance 146,173,422.50 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.009784% 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 94.909046% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%