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

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2004-8 trust. It summarizes the principal and interest payments made to certificateholders as of the October 29, 2004 record date and November 22, 2004 distribution date. 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 f03812dexv10w1.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: OCTOBER 29, 2004 DISTRIBUTION DATE: NOVEMBER 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Class CUSIP Description Rate Certificate Balance Distribution - ----- --------- ----------- ------------ ------------------- ------------- A-1 81744FDJ3 SEN 2.26000% 353,986.674.62 666,674.90 A-2 81744FDK0 SEN 2.35000% 411,059,775.91 804,992.06 X-A 81744FDL8 IO 0.71574% 0.00 456,313.31 X-B 81744FDM6 IO 0.46705% 0.00 9,574.59 B-1 81744FDP9 SUB 2.43000% 16,400,000.00 33,210.00 B-2 81744FDQ7 SUB 2.81000% 8,200,000.00 19,201.67 B-3 81744FDR5 SUB 3.02372% 4,100,000.00 10,331.04 B-4 81744FDS3 SUB 3.02372% 2,460,000.00 6,198.63 B-5 81744FDT1 SUB 3.02372% 2,050,000.00 5,165.52 B-6 81744FDU8 SUB 3.02372% 3,690,645.34 9,299.56 A-R 81744FDN4 SEN 2.97736% 0.00 1.09 -------------- ------------ Totals 801,947,095.87 2,020,962.37 Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ----- ------------ ------------- ------------------ ------------ ------------- A-1 1,531,769.04 0.00 352,454,905.58 2,198,443.94 0.00 A-2 4,307,279.48 0.00 406,752,496.43 5,112,271.54 0.00 X-A 0.00 0.00 0.00 456,313.31 0.00 X-B 0.00 0.00 0.00 9,574.59 0.00 B-1 0.00 0.00 16,400,000.00 33,210.00 0.00 B-2 0.00 0.00 8,200,000.00 19,201.67 0.00 B-3 0.00 0.00 4,100,000.00 10,331.04 0.00 B-4 0.00 0.00 2,460,000.00 6,198.63 0.00 B-5 0.00 0.00 2,050,000.00 5,165.52 0.00 B-6 0.00 0.00 3,690,645.34 9,299.56 0.00 A-R 0.00 0.00 0.00 1.09 0.00 ------------ ---- -------------- ------------ ---- Totals 5,839,048.52 0.00 796,108,047.35 7,860,010.89 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-1 365,049,000.00 353,986,674.62 0.00 1,531,769.04 0.00 0.00 A-2 418,050,000.00 411,059,775.91 223.95 4,307,055.53 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 819,999,745.34 801,947,095.87 223.95 5,838,824.57 0.00 0.00 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 1,531,769.04 352,454,905.58 0.96550026 1,531,769.04 A-2 4,307,279.48 406,752,496.43 0.97297571 4,307,279.48 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 5,839,048.52 796,108,047.35 0.97086377 5,839,048.52
(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-1 365,049,000.00 969.69632740 0.00000000 4.19606420 0.00000000 0.00000000 A-2 418,050,000.00 983.27897598 0.00053570 10.30272821 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 4.19606420 965.50026320 0.96550026 4.19606420 A-2 10.30326392 972.97571207 0.97297571 10.30326392 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 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 2.26000% 353,986,674.62 666,674.90 0.00 0.00 0.00 0.00 A-2 418,050,000.00 2.35000% 411,059,775.91 804,992.06 0.00 0.00 0.00 0.00 X-A 0.00 0.71574% 765,046,450.53 456,313.31 0.00 0.00 0.00 0.00 X-B 0.00 0.46705% 24,600,000.00 9,574.59 0.00 0.00 0.00 0.00 B-1 16,400,000.00 2.43000% 16,400,000.00 33,210.00 0.00 0.00 0.00 0.00 B-2 8,200,000.00 2.81000% 8,200,000.00 19,201.67 0.00 0.00 0.00 0.00 B-3 4,100,000.00 3.02372% 4,100,000.00 10,331.04 0.00 0.00 0.00 0.00 B-4 2,460,000.00 3.02372% 2,460,000.00 6,198.63 0.00 0.00 0.00 0.00 B-5 2,050,000.00 3.02372% 2,050,000.00 5,165.52 0.00 0.00 0.00 0.00 B-6 3,690,645.34 3.02372% 3,690,645.34 9,299.56 0.00 0.00 0.00 0.00 A-R 100.00 2.97736% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 819,999,745.34 2,020,961.28 0.00 0.00 0.00 0.00 Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- -------------- --------- -------------- A-1 665,674.90 0.00 352,454,905.58 A-2 804,992.06 0.00 406,752,496.43 X-A 456,313.31 0.00 759,207,402.01 X-B 9,574.59 0.00 24,600,000.00 B-1 33,210.00 0.00 16,400,000.00 B-2 19,201.67 0.00 8,200,000.00 B-3 10,331.04 0.00 4,100,000.00 B-4 6,198.63 0.00 2,460,000.00 B-5 5,165.52 0.00 2,050,000.00 B-6 9,299.56 0.00 3,690,645.34 A-R 1.09 0.00 0.00 ------------ ---- Totals 2,020,962.37 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 2.26000% 969.69632740 1.82626141 0.00000000 0.00000000 0.00000000 0.00000000 A-2 418,050,000.00 2.35000% 983.27897598 1.92558799 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.71574% 976.94729597 0.58270194 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.46705% 1000.00000000 0.38921098 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,400,000.00 2.43000% 1000.00000000 2.02500000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,200,000.00 2.81000% 1000.00000000 2.34166707 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,100,000.00 3.02372% 1000.00000000 2.51976585 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,460,000.00 3.02372% 1000.00000000 2.51976829 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,050,000.00 3.02372% 1000.00000000 2.51976585 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,690,645.34 3.02372% 1000.00000000 2.51976528 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.97736% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- A-1 1.82626141 0.00000000 965.50026320 A-2 1.92558799 0.00000000 972.97571207 X-A 0.58270194 0.00000000 969.49096093 X-B 0.38921098 0.00000000 1000.00000000 B-1 2.02500000 0.00000000 1000.00000000 B-2 2.34166707 0.00000000 1000.00000000 B-3 2.51976585 0.00000000 1000.00000000 B-4 2.51976829 0.00000000 1000.00000000 B-5 2.51976585 0.00000000 1000.00000000 B-6 2.51976528 0.00000000 1000.00000000 A-R 10.90000000 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 7,978,390.38 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 139,719.78 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 8,118,110.16 Withdrawals Reimbursement for Servicer Advances 1,581.18 Payment of Service Fee 256,518.19 Payment of Interest and Principal 7,860,010.89 ------------ Total Withdrawals (Pool Distribution Amount) 8,118,110.16 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 251,506.02 Master Servicing Fee 5,012.17 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 256,518.19 ==========
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 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 160 50,271,819.51 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 2,821,615.50 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 406,000.00 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 --- ------------- -- ---- -- ---- 164 53,499,435.01 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 7.095344% 6.314666% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.133038% 0.354424% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.044346% 0.050998% 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% -------- -------- -------- -------- -------- -------- 7.272727% 6.720089% 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 160 50,271,819.51 60 Days 0 0.00 60 Days 3 2,821,615.50 90 Days 0 0.00 90 Days 1 406,000.00 120 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 0.00 164 53,499,435.01 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 7.095344% 6.314666% 60 Days 0.000000% 0.000000% 60 Days 0.133038% 0.354424% 90 Days 0.000000% 0.000000% 90 Days 0.044346% 0.050998% 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% 7.272727% 6.720089%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 139,719.78
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 36,900,645.34 4.50008061% 36,900,645.34 4.63513030% 95.364870% 0.000000% Class B-1 20,500,645.34 2.50007976% 20,500,645.34 2.57510842% 2.060022% 44.443667% Class B-2 12,300,645.34 1.50007934% 12,300,645.34 1.54509748% 1.030011% 22.221834% Class B-3 8,200,645.34 1.00007912% 8,200,645.34 1.03009200% 0.515005% 11.110917% Class B-4 5,740,645.34 0.70007900% 5,740,645.34 0.72108872% 0.309003% 6.666550% Class B-5 3,690,645.34 0.45007889% 3,690,645.34 0.46358599% 0.257503% 5.555458% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.463586% 10.001574%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- -------------------------------- --------------------------------- POOL ONE No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 75 26,186,826.56 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 786,915.51 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 -- ------------- -- ---- -- ---- 76 26,973,742.07 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 7.338522% 7.084091% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.097847% 0.212877% 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% -------- -------- -------- -------- -------- -------- 7.436399% 7.296989% 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 75 26,186,826.56 60 Days 0 0.00 60 Days 1 786,915.51 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 76 26,973,742.07 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 7.338522% 7.084091% 60 Days 0.000000% 0.000000% 60 Days 0.097847% 0.212877% 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% 7.436399% 7.296989% DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- -------------------------------- --------------------------------- POOL TWO 1.183654% No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 85 24,084,992.95 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 2,034,699.99 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 406,000.00 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 -- ------------- -- ---- -- ---- 88 26,525,692.94 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 6.893755% 5.647719% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 1.062206% 0.477119% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.081103% 0.095203% 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% -------- -------- -------- -------- -------- -------- 7.137064% 6.220042% 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 85 24,084,992.95 60 Days 0 0.00 60 Days 2 2,034,699.99 90 Days 0 0.00 90 Days 1 406,000.00 120 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 88 26,525,692.94 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 6.893755% 5.647719% 60 Days 0.000000% 0.000000% 60 Days 1.062206% 0.477119% 90 Days 0.000000% 0.000000% 90 Days 0.081103% 0.095203% 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% 7.137064% 6.220042%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.407925% Weighted Average Net Coupon 3.031582% Weighted Average Pass-Through Rate 3.024082% Weighted Average Maturity (Stepdown Calculation) 339 Beginning Scheduled Collateral Loan Count 2,264 Number of Loans Paid in Full 9 Ending Scheduled Collateral Loan Count 2,255 Beginning Scheduled Collateral Balance 801,947,095.87 Ending Scheduled Collateral Balance 796,108,047.35 Ending Actual Collateral Balance at 29-Oct-2004 796,112,041.71 Monthly P&I Constant 2,277,703.88 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,767,028.80 Scheduled Principal 223.95 Unscheduled Principal 5,838,824.57
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 3.349512 3.458260 3.407925 Weighted Average Net Rate 2.972669 3.082349 3.031582 Pass-Through Rate 2.965169 3.074849 3.024082 Weighted Average Maturity 337 341 339 Record Date 10/29/2004 10/29/2004 10/29/2004 Principal and Interest Constant 1,036,083.11 1,241,620.77 2,277,703.88 Beginning Loan Count 1,024 1,240 2,264 Loans Paid in Full 2 7 9 Ending Loan Count 1,022 1,233 2,255 Beginning Scheduled Balance 371,188,275.53 430,758,820.34 801,947,095.87 Ending Scheduled Balance 369,956,506.49 426,451,540.86 796,108,047.35 Scheduled Principal 0.00 223.95 223.95 Unscheduled Principal 1,531,769.04 4,307,055.53 5,838,824.57 Scheduled Interest 1,036,083.11 1,241,396.82 2,277,479.93 Servicing Fee 116,566.55 134,939.47 251,506.02 Master Servicing Fee 2,319.93 2,692.24 5,012.17 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 917,196.63 1,103,765.11 2,020,961.74 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 201,703,200.91 Six-Month LIBOR Loan Balance 167,953,305.58 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.365802% 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 95.426897% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%