Wells Fargo Bank Minnesota, N.A. SMT Series 2004-8 Certificateholder Distribution Statement (August 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 interest and principal payments made to holders of various classes of certificates as of August 31, 2004, with distributions occurring on September 20, 2004. The statement details the amounts distributed, 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 f02248iexv10w1.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: AUGUST 31, 2004 DISTRIBUTION DATE: SEPTEMBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ----- --------- ----------- ------------ -------------- ------------ ------------ A-1 81744FDJ3 SEN 1.98000% 365,049,000.00 461,786.99 3,177,355.79 A-2 81744FDK0 SEN 2.35000% 418,050,000.00 627,655.63 2,962,579.21 X-A 81744FDL8 IO 1.29013% 0.00 841,917.57 0.00 X-B 81744FDM6 IO 1.21412% 0.00 24,889.46 0.00 B-1 81744FDP9 SUB 2.15000% 16,400,000.00 22,527.22 0.00 B-2 81744FDQ7 SUB 2.53000% 8,200,000.00 13,254.39 0.00 B-3 81744FDR5 SUB 2.95957% 4,100,000.00 10,111.85 0.00 B-4 81744FDS3 SUB 2.95957% 2,460,000.00 6,067.11 0.00 B-5 81744FDT1 SUB 2.95957% 2,050,000.00 5,055.92 0.00 B-6 81744FDU8 SUB 2.95957% 3,690,645.34 9,102.02 0.00 A-R 81744FDN4 SEN 2.83260% 100.00 5.11 100.00 -------------- ------------ ------------ Totals 819,999,745.34 2,022,373.27 6,140,035.00 -------------- ------------ ------------ Current Ending Cumulative Realized Certificate Total Realized Class CUSIP Loss Balance Distribution Loss - ----- --------- -------- -------------- ------------ ---------- A-1 81744FDJ3 0.00 361,087,644.21 3,639,142.78 0.00 A-2 81744FDK0 0.00 415,087,420.79 3,590,234.84 0.00 X-A 81744FDL8 0.00 0.00 841,917.57 0.00 X-B 81744FDM6 0.00 0.00 24,889.46 0.00 B-1 81744FDP9 0.00 16,400,000.00 22,527.22 0.00 B-2 81744FDQ7 0.00 8,200,000.00 13,254.39 0.00 B-3 81744FDR5 0.00 4,100,000.00 10,111.85 0.00 B-4 81744FDS3 0.00 2,460,000.00 6,067.11 0.00 B-5 81744FDT1 0.00 2,050,000.00 5,055.92 0.00 B-6 81744FDU8 0.00 3,690,645.34 9,102.02 0.00 A-R 81744FDN4 0.00 0.00 105.11 0.00 ---- -------------- ------------ ---- Totals 0.00 813,859,710.34 8,162,408.27 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
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - ----- -------------- -------------- ------------ ------------ --------- -------- A-1 365,049,000.00 365,049,000.00 0.00 3,177,355.79 0.00 0.00 A-2 418,050,000.00 418,050,000.00 222.72 2,962,356.49 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 100.00 100.00 0.00 100.00 0.00 0.00 -------------- -------------- ------ ------------ ---- ---- Totals 819,999,745.34 819,999,745.34 222.72 6,139,812.28 0.00 0.00 -------------- -------------- ------ ------------ ---- ---- Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ----- ------------ -------------- ----------- ------------ A-1 3,177,355.79 361,871,644.21 0.99129608 3,177,355.79 A-2 2,962,579.21 415,087,420.79 0.99291334 2,962,579.21 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 100.00 0.00 0.00000000 100.00 ------------ -------------- ----------- ------------ Totals 6,140,035.00 813,859,710.34 0.99251215 6,140,035.00 ------------ -------------- ----------- ------------
(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
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ----- -------------- -------------- ------------ ------------- ---------- ---------- A-1 365,049,000.00 1000.00000000 0.00000000 8.70391589 0.00000000 0.00000000 A-2 418,050,000.00 1000.00000000 0.00053276 7.08612963 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 1000.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - ----- ------------- ------------- ----------- ------------- A-1 8.70391589 991.29608411 0.99129608 8.70391589 A-2 7.08666238 992.91333762 0.99291334 7.08666238 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 1000.00000000 0.00000000 0.00000000 1000.00000000
(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- Original Current Certificate/ Current Unpaid Current Supported Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------ -------------- ----------- -------------- ------------ ---------- --------- --------- -------- A-1 365,049,000.00 1.98000% 365,049,000.00 461,786.99 0.00 0.00 0.00 0.00 A-2 418,050,000.00 2.35000% 418,050,000.00 627,655.63 0.00 0.00 0.00 0.00 X-A 0.00 1.29013% 783,099,000.00 841,917.57 0.00 0.00 0.00 0.00 X-B 0.00 1.21412% 24,600,000.00 24,889.46 0.00 0.00 0.00 0.00 B-1 16,400,000.00 2.15000% 16,400,000.00 22,527.22 0.00 0.00 0.00 0.00 B-2 8,200,000.00 2.53000% 8,200,000.00 13,254.39 0.00 0.00 0.00 0.00 B-3 4,100,000.00 2.95957% 4,100,000.00 10,111.85 0.00 0.00 0.00 0.00 B-4 2,460,000.00 2.95957% 2,460,000.00 6,067.11 0.00 0.00 0.00 0.00 B-5 2,050,000.00 2.95957% 2,050,000.00 5,055.92 0.00 0.00 0.00 0.00 B-6 3,690,645.34 2.95957% 3,690,645.34 9,102.02 0.00 0.00 0.00 0.00 A-R 100.00 2.83260% 100.00 0.24 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 819,999,745.34 2,022,368.40 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 461,786.99 0.00 361,871,644.21 A-2 627,655.63 0.00 415,087,420.79 X-A 841,917.57 0.00 776,959,065.00 X-B 24,889.46 0.00 24,600,000.00 B-1 22,527.22 0.00 16,400,000.00 B-2 13,254.39 0.00 8,200,000.00 B-3 10,111.85 0.00 4,100,000.00 B-4 6,067.11 0.00 2,460,000.00 B-5 5,055.92 0.00 2,050,000.00 B-6 9,102.02 0.00 3,690,645.34 A-R 5.11 0.00 0.00 ------------ ---- Totals 2,022,373.27 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 Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ---------- A-1 365,049,000.00 1.98000% 1000.00000000 1.26500001 0.00000000 0.00000000 0.00000000 0.00000000 A-2 418,050,000.00 2.35000% 1000.00000000 1.50138890 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 1.29013% 1000.00000000 1.07511001 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.21412% 1000.00000000 1.01176667 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,400,000.00 2.15000% 1000.00000000 1.37361098 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,200,000.00 2.53000% 1000.00000000 1.61638902 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,100,000.00 2.95957% 1000.00000000 2.46630488 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,460,000.00 2.95957% 1000.00000000 2.46630488 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,050,000.00 2.95957% 1000.00000000 2.46630244 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,690,645.34 2.95957% 1000.00000000 2.46624077 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.83260% 1000.00000000 2.40000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- A-1 1.26500001 0.00000000 991.29608411 A-2 1.50138890 0.00000000 992.91333762 X-A 1.07511001 0.00000000 992.15943961 X-B 1.01176667 0.00000000 1000.00000000 B-1 1.37361098 0.00000000 1000.00000000 B-2 1.61638902 0.00000000 1000.00000000 B-3 2.46630488 0.00000000 1000.00000000 B-4 2.46630488 0.00000000 1000.00000000 B-5 2.46630244 0.00000000 1000.00000000 B-6 2.46624077 0.00000000 1000.00000000 A-R 51.10000000 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 8,421,316.91 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3,383.37 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 8,424,700.28 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 262,292.02 Payment of Interest and Principal 8,162,408.26 ------------ Total Withdrawals (Pool Distribution Amount) 8,424,700.28 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 257,167.02 Master Servicing Fee 5,125.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 262,292.02 ==========
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 6 1,200,156.06 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 ------ ------------ 6 1,200,156.06
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.263043% 0.147464% 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% -------- --------- 0.263043% 0.147464%
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 6 1,200,156.06 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 ------ ------------ 6 1,200,156.06
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.263043% 0.147464% 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% -------- --------- 0.263043% 0.147464%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3,383.37
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 36,900,645.34 4.50008061% 36,900,645.34 4.53403024% 95.465970% 0.000000% Class B-1 20,500,645.34 2.50007976% 20,500,645.34 2.51894093% 2.015089% 44.443667% Class B-2 12,300,645.34 1.50007934% 12,300,645.34 1.51139627% 1.007545% 22.221834% Class B-3 8,200,645.34 1.00007912% 8,200,645.34 1.00762395% 0.503772% 11.110917% Class B-4 5,740,645.34 0.70007900% 5,740,645.34 0.70536055% 0.302263% 6.666550% Class B-5 3,690,645.34 0.45007889% 3,690,645.34 0.45347439% 0.251886% 5.555458% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.453474% 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 2 315,900.00 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 ------ ---------- 2 315,900.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.193798% 0.083334% 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% -------- --------- 0.193798% 0.083334%
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 2 315,900.00 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 ------ ---------- 2 315,900.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.193798% 0.083334% 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% -------- --------- 0.193798% 0.083334%
DELINQUENT POOL TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 4 884,256.06 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 ------ ---------- 4 884,256.06
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.320256% 0.203377% 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% -------- --------- 0.320256% 0.203377%
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 4 884,256.06 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 ------ ---------- 4 884,256.06
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.320256% 0.203377% 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% -------- --------- 0.320256% 0.203377%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.343412% Weighted Average Net Coupon 2.967070% Weighted Average Pass-Through Rate 2.959570% Weighted Average Maturity (Stepdown Calculation) 341 Beginning Scheduled Collateral Loan Count 2,290 Number of Loans Paid in Full 9 Ending Scheduled Collateral Loan Count 2,281 Beginning Scheduled Collateral Balance 819,999,652.00 Ending Scheduled Collateral Balance 813,859,710.34 Ending Actual Collateral Balance at 31-Aug-2004 813,863,739.89 Monthly P&I Constant 2,284,887.18 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 8,071,395.41 Scheduled Principal 222.72 Unscheduled Principal 6,139,812.28
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO
GROUP POOL 1 POOL 1 TOTAL Collateral Description Mixed ARM 1 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.216896 3.453889 3.343412 Weighted Average Net Rate 2.840103 3.075347 2.967070 Pass-Through Rate 2.832603 3.070441 2.959570 Weighted Average Maturity 339 343 341 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal and Interest Constant 1,024,717.37 1,260,169.81 2,284,887.18 Beginning Loan Count 1,037 1,253 2,290 Loans Paid in Full 5 4 9 Ending Loan Count 1,032 1,249 2,281 Beginning Scheduled Balance 382,250,700.91 434,749,044.43 816,999,745.34 Ending Scheduled Balance 379,078,245.12 434,786,465.22 813,859,710.34 Scheduled Principal 0.00 222.72 222.72 Unscheduled Principal 3,177,455.79 2,962,356.49 6,139,812.28 Scheduled Interest 1,024,717.37 1,259,947.09 2,284,664.46 Servicing Fee 120,024.64 137,142.38 257,167.02 Master Servicing Fee 2,389.07 2,735.93 5,125.00 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 902,303.66 1,120,068.78 2,022,372.44 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 203,755,263.46 Six-Month LIBOR Loan Balance 175,317,981.66 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.499916% 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 94.499923% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%