SMT Series 2004-6 Certificateholder Distribution Summary by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Distribution Agreements
Summary

This document is a distribution summary prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2004-6 trust. It details the interest and principal payments made to holders of various classes of certificates as of February 28, 2005, with distributions occurring on March 21, 2005. The summary includes payment amounts, outstanding balances, and loss information for each certificate class, as calculated under the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f07714hexv10w1.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 2004-6 RECORD DATE: FEBRUARY 28, 2005 DISTRIBUTION DATE: MARCH 21, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ------ --------- ----------- ------------ -------------- ------------ ------------- A-1 81744FCG0 SEN 3.70538% 423,665,098.86 1,308,198.46 12,420,701.73 A-2 81744FCH8 SEN 2.87813% 160,491,703.78 384,929.99 4,012,092.74 A-3-A 81744FCJ4 SEN 3.01750% 170,673,003.06 429,171.49 4,949,093.98 A-3-B 81744FCU9 SEN 3.16000% 3,039,977.15 8,005.27 88,151.80 X-A 81744FCK1 IO 0.74926% 0.00 208,671.00 0.00 X-B 81744FCL9 IO 0.46467% 0.00 9,670.89 0.00 B-1 81744FCN5 SUB 3.09813% 15,725,000.00 40,598.41 0.00 B-2 81744FCP0 SUB 3.47813% 9,250,000.00 26,810.59 0.00 B-3 81744FCQ8 SUB 3.70354% 5,550,000.00 17,128.86 0.00 B-4 81744FCR6 SUB 3.70354% 2,313,000.00 7,138.57 0.00 B-5 81744FCS4 SUB 3.70354% 2,313,000.00 7,138.57 0.00 B-6 81744FCT2 SUB 3.70354% 4,166,584.59 12,859.25 0.00 A-R 81744FCM7 R 3.35638% 0.00 0.35 0.00 -------------- ------------ ------------- Totals 797,187,367.44 2,460,321.70 21,470,040.25 -------------- ------------ ------------- Current Ending Cumulative Realized Certificate Total Realized Class CUSIP Loss Balance Distribution Loss - ------ --------- -------- -------------- ------------- ---------- A-1 81744FCG0 0.00 411,244,397.13 13,728,900.19 0.00 A-2 81744FCH8 0.00 156,479,611.04 4,397,022.73 0.00 A-3-A 81744FCJ4 0.00 165,723,909.08 5,378,265.47 0.00 A-3-B 81744FCU9 0.00 2,951,825.35 96,157.07 0.00 X-A 81744FCK1 0.00 0.00 208,671.00 0.00 X-B 81744FCL9 0.00 0.00 9,670.89 0.00 B-1 81744FCN5 0.00 15,725,000.00 40,598.41 0.00 B-2 81744FCP0 0.00 9,250,000.00 26,810.59 0.00 B-3 81744FCQ8 0.00 5,550,000.00 17,128.86 0.00 B-4 81744FCR6 0.00 2,313,000.00 7,138.57 0.00 B-5 81744FCS4 0.00 2,313,000.00 7,138.57 0.00 B-6 81744FCT2 0.00 4,166,584.59 12,859.25 0.00 A-R 81744FCM7 0.00 0.00 0.35 0.00 ---- -------------- ------------- ---- Totals 0.00 775,717,327.19 23,930,361.95 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-1 500,000,000.00 423,665,098.86 1,487.39 12,419,214.34 0.00 0.00 A-2 185,687,000.00 160,491,703.78 254.75 4,011,837.99 0.00 0.00 A-3 196,500,000.00 170,673,003.06 1,497.05 4,947,596.93 0.00 0.00 X-1 3,500,000.00 3,039,977.15 26.66 88,125.14 0.00 0.00 X-2 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 15,725,000.00 15,725,000.00 0.00 0.00 0.00 0.00 B-2 9,250,000.00 9,250,000.00 0.00 0.00 0.00 0.00 B-3 5,550,000.00 5,550,000.00 0.00 0.00 0.00 0.00 B-4 2,313,000.00 2,313,000.00 0.00 0.00 0.00 0.00 B-5 2,313,000.00 2,313,000.00 0.00 0.00 0.00 0.00 B-6 4,166,584.59 4,166,584.59 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- Totals 925,004,684.59 797,187,367.44 3,265.85 21,466,774.40 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------ --------------- A-1 12,420,701.73 411,244,397.13 0.82248879 12,420,701.73 A-2 4,012,092.74 156,479,611.04 0.84270633 4,012,092.74 A-3 4,949,093.98 165,723,909.08 0.84337867 4,949,093.98 X-1 88,151.80 2,951,825.35 0.84337867 88,151.80 X-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 15,725,000.00 1.00000000 0.00 B-2 0.00 9,250,000.00 1.00000000 0.00 B-3 0.00 5,550,000.00 1.00000000 0.00 B-4 0.00 2,313,000.00 1.00000000 0.00 B-5 0.00 2,313,000.00 1.00000000 0.00 B-6 0.00 4,166,584.59 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 -------------- -------------- ---------- ------------- Totals 21,470,040.25 775,717,327.19 0.83860908 21,470,040.25 -------------- -------------- ---------- -------------
(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-1 500,000,000.00 847.33019772 0.00297478 24.83842868 0.00000000 0.00000000 A-2 185,687,000.00 864.31308481 0.00137193 21.60537889 0.00000000 0.00000000 A-3 196,500,000.00 868.56490107 0.00761858 25.17861033 0.00000000 0.00000000 X-1 3,500,000.00 868.56490000 0.00761714 25.17861143 0.00000000 0.00000000 X-2 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 15,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 9,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,166,584.59 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 24.84140346 822.48879426 0.82248879 24.84140346 A-2 21.60675082 842.70633399 0.84270633 21.60675082 A-3 25.18622891 843.37867216 0.84337867 25.18622891 X-1 25.18622857 843.37867143 0.84337867 25.18622857 X-2 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 Payment of Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------ -------------- ----------- -------------- ------------ ---------- --------- --------- -------- A-1 500,000,000.00 3.70538% 423,665,098.86 1,308,198.46 0.00 0.00 0.00 0.00 A-2 185,687,000.00 2.87813% 160,491,703.78 384,929.99 0.00 0.00 0.00 0.00 A-3 196,500,000.00 3.01750% 170,673,003.06 429,171.49 0.00 0.00 0.00 0.00 X-1 3,500,000.00 3.16000% 3,039,977.15 8,005.27 0.00 0.00 0.00 0.00 X-2 0.00 0.74926% 334,204,683.99 208,671.00 0.00 0.00 0.00 0.00 X-B 0.00 0.46467% 24,975,000.00 9,670.89 0.00 0.00 0.00 0.00 B-1 15,725,000.00 3.09813% 15,725,000.00 40,598.41 0.00 0.00 0.00 0.00 B-2 9,250,000.00 3.47813% 9,250,000.00 26,810.59 0.00 0.00 0.00 0.00 B-3 5,550,000.00 3.70354% 5,550,000.00 17,128.86 0.00 0.00 0.00 0.00 B-4 2,313,000.00 3.70354% 2,313,000.00 7,138.57 0.00 0.00 0.00 0.00 B-5 2,313,000.00 3.70354% 2,313,000.00 7,138.57 0.00 0.00 0.00 0.00 B-6 4,166,584.59 3.70354% 4,166,584.59 12,859.25 0.00 0.03 0.00 0.00 A-R 100.00 3.35638% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 925,004,684.59 2,460,321.35 0.00 0.03 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 1,308,198.46 0.00 411,244,397.13 A-2 384,929.99 0.00 156,479,611.04 A-3 429,171.49 0.00 165,723,909.08 X-1 8,005.27 0.00 2,951,825.35 X-2 208,671.00 0.00 325,155,345.47 X-B 9,670.89 0.00 24,975,000.00 B-1 40,598.41 0.00 15,725,000.00 B-2 26,810.59 0.00 9,250,000.00 B-3 17,128.86 0.00 5,550,000.00 B-4 7,138.57 0.00 2,313,000.00 B-5 7,138.57 0.00 2,313,000.00 B-6 12,859.25 0.03 4,166,584.59 A-R 0.35 0.00 0.00 ------------ ---- Totals 2,460,321.70 0.03 ------------ ----
(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 Payment of Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------- -------------- ----------- ------------- ---------- ---------- ---------- ---------- ---------- A-1 500,000,000.00 3.70538% 847.33019772 2.61639692 0.00000000 0.00000000 0.00000000 0.00000000 A-2 185,687,000.00 2.87813% 864.31308481 2.07300452 0.00000000 0.00000000 0.00000000 0.00000000 A-3 196,500,000.00 3.01750% 868.56490107 2.18407883 0.00000000 0.00000000 0.00000000 0.00000000 X-1 3,500,000.00 3.16000% 868.56490000 2.28722000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.74926% 866.51788624 0.54103716 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.46467% 1000.00000000 0.38722282 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,725,000.00 3.09813% 1000.00000000 2.58177488 0.00000000 0.00000000 0.00000000 0.00000000 B-2 9,250,000.00 3.47813% 1000.00000000 2.89844216 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,550,000.00 3.70354% 1000.00000000 3.08628108 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,313,000.00 3.70354% 1000.00000000 3.08628188 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,313,000.00 3.70354% 1000.00000000 3.08628188 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,166,584.59 3.70354% 1000.00000000 3.08628079 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.35638% 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 2.61639692 0.00000000 822.48879426 A-2 2.07300452 0.00000000 842.70633399 A-3 2.18407883 0.00000000 843.37867216 X-1 2.28722000 0.00000000 843.37867143 X-2 0.54103716 0.00000000 843.05497844 X-B 0.38722282 0.00000000 1000.00000000 B-1 2.58177488 0.00000000 1000.00000000 B-2 2.89844216 0.00000000 1000.00000000 B-3 3.08628108 0.00000000 1000.00000000 B-4 3.08628188 0.00000000 1000.00000000 B-5 3.08628188 0.00000000 1000.00000000 B-6 3.08628079 0.00000000 1000.00000000 A-R 3.50000000 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 24,181,845.28 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 52,377.39 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 24,234,222.67 Withdrawals Reimbursement for Servicer Advances 50,099.09 Payment of Service Fee 253,761.63 Payment of Interest and Principal 29,930,361.95 ------------- Total Withdrawals (Pool Distribution Amount) 24,234,222.67 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 249,443.53 Master Servicing Fee 4,318.10 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 253,761.63 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------- --------- ----------- -------- -------- Class X-A Pool 2 Comp Sub Account 4,500.00 0.00 0.00 4,500.00 Class X-A Pool 3 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 43 14,921,404.48 60 Days 2 1,042,297.82 90 Days 2 885,599.98 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 47 16,847,302.28 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.735971% 1.923559% 60 Days 0.080743% 0.134365% 90 Days 0.080743% 0.113907% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 1.897457% 2.171831%
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 43 14,921,404.48 60 Days 2 1,042,297.82 90 Days 2 885,599.98 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 47 16,847,302.28 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.735971% 1.923559% 60 Days 0.080743% 0.134365% 90 Days 0.080743% 0.113907% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 1.897457% 2.171831%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 52,377.39
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 39,317,584.59 4.25052816% 39,317,584.59 5.06854536% 94.931455% 0.000000% Class B-1 23,592,584.59 2.55053677% 23,592,584.59 3.04138940% 2.027156% 39.994827% Class B-2 14,342,584.59 1.55054183% 14,342,584.59 1.84894472% 1.192445% 23.526369% Class B-3 8,792,584.59 0.95054487% 8,792,584.59 1.13347792% 0.715467% 14.115821% Class B-4 6,479,584.59 0.70049208% 6,479,584.59 0.83530229% 0.298176% 5.882864% Class B-5 4,166,584.59 0.45043930% 4,166,584.59 0.53712666% 0.298176% 5.882864% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.537127% 10.597255%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 24 8,710,418.96 60 Days 1 648,192.21 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 25 9,358,611.17 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.700921% 2.009605% 60 Days 0.070872% 0.149546% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 1.771793% 2.159151%
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 24 8,710,418.96 60 Days 1 648,192.21 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 25 9,358,611.17 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.700921% 2.009605% 60 Days 0.070872% 0.149546% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 1.771793% 2.159151%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 6 1,560,425.65 60 Days 1 394,105.61 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 7 1,954,531.26 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.252610% 0.947291% 60 Days 0.208768% 0.239250% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 1.461378% 1.186541%
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 6 1,560,425.65 60 Days 1 394,105.61 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------- ------------ 7 1,954,531.26 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.252610% 0.947291% 60 Days 0.208768% 0.239250% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 1.461378% 1.186541%
DELINQUENT GROUP THREE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 13 4,650,559.87 60 Days 0 0.00 90 Days 2 883,599.98 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 15 5,534,159.85 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.214651% 2.619234% 60 Days 0.000000% 0.000000% 90 Days 0.340716% 0.497651% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 2.555366% 3.116884%
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 13 4,650,559.87 60 Days 0 0.00 90 Days 2 883,599.98 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 15 5,534,159.85 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.214651% 2.619234% 60 Days 0.000000% 0.000000% 90 Days 0.340716% 0.497651% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 2.555366% 3.116884%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 4.086051% Weighted Average Net Coupon 3.710566% Weighted Average Pass-Through Rate 3.703504% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 2,527 Number of Loans Paid in Full 50 Ending Scheduled Collateral Loan Count 2,477 Beginning Scheduled Collateral Balance 797,187,367.44 Ending Scheduled Collateral Balance 775,717,327.19 Ending Actual Collateral Balance at 28-Feb-2005 775,718,679.69 Monthly P&I Constant 2,717,722.73 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 23,809,016.46 Scheduled Principal 3,265.85 Unscheduled Principal 21,466,774.40
MISCELLANEOUS REPORTING Rapid Prepayment Condition? NO
GROUP GROUP ONE GROUP TWO GROUP THREE TOTAL Collateral Description 6 Month LIBOR ARM Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.087807 4.097035 4.071613 4.086051 Weighted Average Net Rate 3.712468 3.721702 3.695628 3.710566 Pass-Through Rate 3.705377 3.714111 3.689127 3.703504 Weighted Average Maturity 337 332 337 336 Record Date 02/28/2005 02/28/2005 02/28/2005 02/28/2005 Principal and Interest Constant 1,520,309.51 576,355.93 621,057.29 2,717,722.73 Beginning Loan Count 1,441 488 598 2,527 Loans Paid in Full 30 9 11 50 Ending Loan Count 1,411 479 587 2,477 Beginning Scheduled Balance 445,859,254.68 168,737,016.42 182,591,096.34 797,187,367.44 Ending Scheduled Balance 433,438,552.95 164,724,923.68 177,553,850.56 775,717,327.19 Scheduled Principal 1,487.39 254.75 1,523.71 3,265.85 Unscheduled Principal 12,419,214.34 4,011,837.99 5,035,722.07 21,466,774.40 Scheduled Interest 1,518,822.12 576,101.18 619,533.58 2,714,456.88 Servicing Fee 139,456.77 52,777.08 57,209.68 249,443.53 Master Servicing Fee 2,415.07 913.99 989.04 4,318.10 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 219.92 153.45 0.00 373.37 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 1,376,730.36 522,256.66 561,334.86 2,460,321.88 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group One Pro-Rata Senior Percent 95.022161% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Group Two Pro-Rata Senior Percent 95.113513% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Group Three Pro-Rata Senior Percent 95.137706% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Interest Transfer Amount 0.00 Principal Transfer Amount 0.00