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

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Summary

This document is a distribution statement for certificateholders of the SMT Series 2004-8, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of January 31, 2005, with distributions occurring on February 22, 2005. The statement outlines the balances, interest rates, and payment amounts for each class, confirming that all distributions were calculated according to the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f06743dexv10w1.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: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Ending Class Pass-Through Beginning Interest Principal Current Certificate Class CUSIP Description Rate Certificate Balance Distribution Distribution Realized Loss Balance - ----- --------- ----------- ------------ ------------------- ------------- ------------- ------------- -------------- A-1 81744FDJ3 SEN 2.85000% 338,546,041.80 804,046.85 6,371,487.12 0.00 332,174,554.68 A-2 81744FDK0 SEN 2.35000% 389,791,245.62 763,341.19 10,802,667.62 0.00 378,988,578.00 X-A 81744FDL8 IO 0.99672% 0.00 604,955.73 0.00 0.00 0.00 X-B 81744FDM6 IO 0.43242% 0.00 8,864.62 0.00 0.00 0.00 B-1 81744FDP9 SUB 3.02000% 16,400,000.00 41,273.33 0.00 0.00 16,400,000.00 B-2 81744FDQ7 SUB 3.40000% 8,200,000.00 23,233.33 0.00 0.00 8,200,000.00 B-3 81744FDR5 SUB 3.57909% 4,100,000.00 12.228.55 0.00 0.00 4,100,000.00 B-4 81744FDS3 SUB 3.57909% 2,460,000.00 7,337.13 0.00 0.00 2,460,000.00 B-5 81744FDT1 SUB 3.57909% 2,050,000.00 6,114.27 0.00 0.00 2,050,000.00 B-6 81744FDU8 SUB 3.57909% 3,690,645.34 11,007.62 0.00 0.00 3,690,645.34 A-R 81744FDN4 SEN 3.06296% 0.00 0.92 0.00 0.00 0.00 --------- ----------- ------------ ----------------- ------------ ------------- ----------- -------------- Totals 765,237,932.76 2,282,403.54 17,174,154.74 0.00 748,063,778.02 --------- ----------- ------------ ----------------- ------------ ------------- ----------- --------------
Total Cumulative Class Distribution Realized Loss - ----- ------------- ------------- A-1 7,175,533.97 0.00 A-2 11,566,008.81 0.00 X-A 604,955.73 0.00 X-B 8,864.62 0.00 B-1 41,273.33 0.00 B-2 23,233.33 0.00 B-3 12.228.55 0.00 B-4 7,337.13 0.00 B-5 6,114.27 0.00 B-6 11,007.62 0.00 A-R 0.92 0.00 ------------- ------------- Totals 19,456,558.28 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 Realize Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ----- -------------- -------------- ------------ ------------- --------- -------- --------------- ------------------ A-1 365,049,000.00 338,546,041.80 0.00 6,371,487.12 0.00 0.00 6,371,487.12 332,174,554.68 A-2 418,050,000.00 389,791,245.62 140.62 10,802,527.00 0.00 0.00 10,802,527.00 378,988,578.00 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 819,999,745.34 765,237,932.76 140.62 17,174,014.12 0.00 0.00 17,174,154.74 748,063,778.02 -------------- -------------- --------- ------------- ------- ------ --------------- -----------------
Ending Certificate Total Principal Class Percentage Distribution - ----- ------------------ --------------- A-1 0.90994512 6,371,487.12 A-2 0.90656280 10,802,527.00 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 0.91227318 17,174,154.74 ------------------ ---------------
(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 Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - -------- -------------- -------------- ------------ ------------ ---------- ---------- --------------- A-1 365,049,000.00 927.39890207 0.00000000 17.45378598 0.00000000 0.00000000 17.45378598 A-2 418,050,000.00 932.40341017 0.00033637 25.84027590 0.00000000 0.00000000 25.84061146 X-A 0.00 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 B-1 16,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,460,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,050,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,690,645.34 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 -------------- -------------- ----------- ------------ ---------- ---------- --------------
Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - -------- ------------------ ------------------ --------------- A-1 909.94511608 0.90994512 17.45378598 A-2 906.56279871 0.90656280 25.84061146 X-A 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000 A-R 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 2.85000% 338,546,041.80 804,046.85 0.00 0.00 0.00 0.00 A-2 418,050,000.00 2.35000% 389,791,245.62 763,341.19 0.00 0.00 0.00 0.00 X-A 0.00 0.99672% 728,337,287.42 604,955.73 0.00 0.00 0.00 0.00 X-B 0.00 0.43242% 24,600,00.00 8,864.62 0.00 0.00 0.00 0.00 B-1 16,400,000.00 3.02000% 16,400,000.00 41,273.33 0.00 0.00 0.00 0.00 B-2 8,200,000.00 3.40000% 8,200,000.00 23,233.33 0.00 0.00 0.00 0.00 B-3 4,100,000.00 3.57909% 4,100,000.00 12,228.55 0.00 0.00 0.00 0.00 B-4 2,460,000.00 3.57909% 2,460,000.00 7,337.31 0.00 0.00 0.00 0.00 B-5 2,050,000.00 3.57909% 2,050,000.00 6,114.27 0.00 0.00 0.00 0.00 B-6 3,690,645.34 3.57909% 3,690,645.34 11,007.62 0.00 0.00 0.00 0.00 A-R 100.00 3.06296% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ---------------- -------------- ------------ ----------- --------- --------- --------- Totals 819,999,745.34 2,282,402.62 0.00 0.00 0.00 0.00 -------------- ---------------- -------------- ------------ ----------- --------- --------- ---------
Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------- -------------- --------- -------------- A-1 804,046.85 0.00 332,174,554.68 A-2 763,341.19 0.00 378,988,578.00 X-A 604,955.73 0.00 711,163,132.68 X-B 8,864.62 0.00 24,600,000.00 B-1 41,273.33 0.00 16,400,000.00 B-2 23,233.33 0.00 8,200,000.00 B-3 12,228.55 0.00 4,100,000.00 B-4 7,337.31 0.00 2,460,000.00 B-5 6,114.27 0.00 2,050,000.00 B-6 11,007.62 0.00 3,690,645.34 A-R 0.92 0.00 0.00 ------------ --------- -------------- Totals 2,282,403.54 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 Current Beginning Unpaid Current Non-Supported Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - --------- --------------- ----------- ---------------- -------------- ----------- ---------- ------------- A-1 365,049,000.00 2.85000% 927.39890207 2.20257239 0.00000000 0.00000000 0.00000000 A-2 418,050,000.00 2.35000% 932.40341017 1.82595668 0.00000000 0.00000000 0.00000000 X-A 0.00 0.99672% 930.07051142 0.77251501 0.00000000 0.00000000 0.00000000 X-B 0.00 0.43242% 1000.00000000 0.36035041 0.00000000 0.00000000 0.00000000 B-1 16,400,000.00 3.02000% 1000.00000000 2.51666646 0.00000000 0.00000000 0.00000000 B-2 8,200,000.00 3.40000% 1000.00000000 2.83333293 0.00000000 0.00000000 0.00000000 B-3 4,100,000.00 3.57909% 1000.00000000 2.98257317 0.00000000 0.00000000 0.00000000 B-4 2,460,000.00 3.57909% 1000.00000000 2.98257317 0.00000000 0.00000000 0.00000000 B-5 2,050,000.00 3.57909% 1000.00000000 2.98257073 0.00000000 0.00000000 0.00000000 B-6 3,690,645.34 3.57909% 1000.00000000 2.98257323 0.00000000 0.00000000 0.00000000 A-R 100.00 3.06296% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 --------------- ----------- ---------------- ------------- ----------- ---------- ------------
Remaining Unpaid Realized Total Interest Interest Ending Certificate/ Class (5) Loss (6) Distribution Shortfall Notational Balance - --------- ---------- -------------- ---------- ------------------- A-1 0.00000000 2.20257239 0.00000000 909.94511608 A-2 0.00000000 1.82595668 0.00000000 906.56279871 X-A 0.00000000 0.77251501 0.00000000 908.13949792 X-B 0.00000000 0.36035041 0.00000000 1000.00000000 B-1 0.00000000 2.51666646 0.00000000 1000.00000000 B-2 0.00000000 2.83333293 0.00000000 1000.00000000 B-3 0.00000000 2.98257317 0.00000000 1000.00000000 B-4 0.00000000 2.98257317 0.00000000 1000.00000000 B-5 0.00000000 2.98257073 0.00000000 1000.00000000 B-6 0.00000000 2.98257323 0.00000000 1000.00000000 A-R 0.00000000 9.20000000 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 19,696,993.78 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 39,792.66 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 19,736,786.44 Withdrawals Reimbursement for Servicer Advances 35,444.16 Payment of Service Fee 244,784.00 Payment of Interest and Principal 19,456,558.28 -------------- Total Withdrawals (Pool Distribution Amount) 19,736,786.44 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 240,001.27 Master Servicing Fee 4,782.73 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 244,784.00 ==========
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 26 10,141,518.60 60 Days 3 1,726,506.61 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 29 11,868,025.21 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.201479% 1.355695% 60 Days 0.138632% 0.230795% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 1.340111% 1.586490%
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 2 376,700.00 120 Days 3 364,799.60 150 Days 0 0.00 180+ Days 0 0.00 -------- ---------- 5 741,499.60 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 0.092421% 0.050356% 120 Days 0.138632% 0.048766% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ---------- 0.231054% 0.099122%
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 26 10,141,518.60 60 Days 3 1,726,506.61 90 Days 2 376,700.00 120 Days 3 364,799.60 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------- 34 12,609,524.81 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.201479% 1.355695% 60 Days 0.138632% 0.230795% 90 Days 0.092421% 0.050356% 120 Days 0.138632% 0.048766% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 1.571165% 1.685612%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 39,792.66
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ------------- ------------- -------------- --------------- ---------------- Class A 36,900,645.34 4.50008061% 36,900,645.34 4.93282076% 95.067179% 0.000000% Class B-1 20,500,645.34 2.50007976% 20,500,645.34 2.74049432% 2.192326% 44.443667% Class B-2 12,300,645.34 1.50007934% 12,300,645.34 1.64433110% 1.096163% 22.221834% Class B-3 8,200,645.34 1.00007912% 8,200,645.34 1.09624949% 0.548082% 11.110917% Class B-4 5,740,645.34 0.70007900% 5,740,645.34 0.76740052% 0.328849% 6.666550% Class B-5 3,690,645.34 0.45007889% 3,690,645.34 0.49335972% 0.274041% 5.555458% Class B-6 0.00 0.00000000% 0.00 0.0000000% 0.493360% 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 15 6,297,991.11 60 Days 2 1,350,950.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 17 7,648,941.11 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.527495% 1.802632% 60 Days 0.203666% 0.386673% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 1.731161% 2.189305%
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 15 6,297,991.11 60 Days 2 1,350,950.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 17 7,648,941.11 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.527495% 1.802632% 60 Days 0.203666% 0.386673% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 1.731161% 2.189305%
DELINQUENT POOL TWO
No. of Principal Loans Balance -------- ------------ 0-29 Days 0 0.00 30 Days 11 3,843,527.49 60 Days 1 375,556.61 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 12 4,219,084.10 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.930626% 0.964038% 60 Days 0.084602% 0.094198% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 1.015228% 1.058236%
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 2 376,700.00 120 Days 3 364,799.60 150 Days 0 0.00 180+ Days 0 0.00 -------- ---------- 5 741,499.60 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 11 3,843,527.49 60 Days 1 375,556.61 90 Days 2 376,700.00 120 Days 3 364,799.60 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 17 4,960,583.70 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.930626% 0.964038% 60 Days 0.084602% 0.094198% 90 Days 0.169205% 0.94484% 120 Days 0.253807% 0.091499% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------- 1.438240% 1.244219%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.962982% Weighted Average Net Coupon 3.586627% Weighted Average Pass-Through Rate 3.579127% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 2,196 Number of Loans Paid in Full 32 Ending Scheduled Collateral Loan Count 2,164 Beginning Scheduled Collateral Balance 765,237,932.76 Ending Scheduled Collateral Balance 748,063,778.02 Ending Actual Collateral Balance at 31-Jan-2005 748,067,987.06 Monthly P&I Constant 2,527,327.66 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 19,346,498.51 Scheduled Principal 140.62 Unscheduled Principal 17,174,014.12
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 3.947136 3.976749 3.962982 Weighted Average Net Rate 3.570219 3.600881 3.586627 Pass-Through Rate 3.562719 3.593381 3.579127 Weighted Average Maturity 334 338 336 Record Date 01/31/2005 01/31/2005 01/31/2005 Principal and Interest Constant 1,170,153.71 1,357,173.95 2,527,327.66 Beginning Loan Count 998 1,198 2,196 Loans Paid in Full 16 16 32 Ending Loan Count 982 1,182 2,164 Beginning Scheduled Balance 355,747,642.71 409,490,290.05 765,237,932.76 Ending Scheduled Balance 349,376,155.59 398,387,622.43 748,063,778.02 Scheduled Principal 0.00 140.62 140.62 Unscheduled Principal 6,371,487.12 10,802,527.00 17,174,014.12 Scheduled Interest 1,170,153.71 1,357,033.33 2,527,187.04 Servicing Fee 111,739.53 128,261.74 240,001.27 Master Servicing Fee 2,223.42 2,559.31 4,782.73 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 1,056,190.76 1,226,212.28 2,282,403.04 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 193,527,879.80 Six-Month LIBOR Loan Balance 155,848,275.79 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.164662% 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 95.189374% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%