Wells Fargo Bank Minnesota, N.A. SMT Series 2004-9 Certificateholder Distribution Statement (January 2005)

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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 2004-9 trust. It summarizes the principal and interest payments made to certificateholders as of the December 31, 2004 record date and the January 20, 2005 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 f05544jexv10w1.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 2004-9 RECORD DATE: DECEMBER 31, 2004 DISTRIBUTION DATE: JANUARY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Class CUSIP Description Rate Certificate Balance Distribution - ------ --------- ----------- ------------ ------------------- ------------ A-1 81744FDV6 SEN 2.75000% 440,129,047.46 1,008,629.07 A-2 81744FDW4 SEN 2.53000% 289,690,619.30 610,764.39 X-A 81744FDX2 IO 0.54821% 0.00 333,445.58 X-B 81744FDY0 IO 0.18739% 0.00 3,076.88 B-1 81744FEA1 SUB 2.92000% 14,915,000.00 36,293.17 B-2 81744FEB9 SUB 3.29000% 8,242,000.00 22,596.82 B-3 81744FEC7 SUB 3.21094% 4,318,000.00 11,554.04 B-4 81744FED5 SUB 3.21094% 2,355,000.00 6,301.47 B-5 81744FEE3 SUB 3.21094% 1,962,000.00 5,249.89 B-6 81744FEF0 SUB 3.21094% 3,533,134.00 9,453.91 A-R 81744FDZ7 SEN 3.11883% 0.00 0.00 -------------- ------------ Totals 765,144,800.76 2,047,365.22 ============== ============
Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------- ------------- ------------------ ------------- ------------- A-1 8,964,053.55 0.00 431,164,993.91 9,972,682.62 0.00 A-2 5,568,004.20 0.00 284,122,615.10 6,178,768.59 0.00 X-A 0.00 0.00 0.00 333,445.58 0.00 X-B 0.00 0.00 0.00 3,076.88 0.00 B-1 0.00 0.00 14,915,000.00 36,293.17 0.00 B-2 0.00 0.00 8,242,000.00 22,596.82 0.00 B-3 0.00 0.00 4,318,000.00 11,554.04 0.00 B-4 0.00 0.00 2,355,000.00 6,301.47 0.00 B-5 0.00 0.00 1,962,000.00 5,249.89 0.00 B-6 0.00 0.00 3,533,134.00 9,453.91 0.00 A-R 0.00 0.00 0.00 0.00 0.00 ------------- ---- -------------- ------------- ---- Totals 14,532,057.75 0.00 750,612,743.01 16,579,422.97 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-1 453,364,000.00 440,129,047.46 1,069.36 8,962,984.19 0.00 0.00 A-2 296,310,000.00 289,690,619.30 124.85 5,567,879.35 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 14,915,000.00 14,915,000.00 0.00 0.00 0.00 0.00 B-2 8,242,000.00 8,242,000.00 0.00 0.00 0.00 0.00 B-3 4,318,000.00 4,318,000.00 0.00 0.00 0.00 0.00 B-4 2,355,000.00 2,355,000.00 0.00 0.00 0.00 0.00 B-5 1,962,000.00 1,962,000.00 0.00 0.00 0.00 0.00 B-6 3,533,134.00 3,533,134.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- Totals 784,999,234.00 765,144,800.76 1,194.21 14,530,863.54 0.00 0.00 ============== ============== ======== ============= ==== ====
Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------ --------------- A-1 8,964,053.55 431,164,993.91 0.95103492 8,964,053.55 A-2 5,568,004.20 284,122,615.10 0.95886948 5,568,004.20 X-A 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 14,915,000.00 1.00000000 0.00 B-2 0.00 8,242,000.00 1.00000000 0.00 B-3 0.00 4,318,000.00 1.00000000 0.00 B-4 0.00 2,355,000.00 1.00000000 0.00 B-5 0.00 1,962,000.00 1.00000000 0.00 B-6 0.00 3,533,134.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 14,532,057.75 750,612,743.01 0.95619551 14,532,057.75 ============= ============== ========== =============
(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-1 453,364,000.00 970.80722656 0.00235872 19.76995128 0.00000000 0.00000000 A-2 296,310,000.00 977.66062333 0.00042135 18.79072374 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 14,915,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,242,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,318,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,355,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,962,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,533,134.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.50000000 0.00000000 0.00000000 0.00000000
Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 19.77231000 951.03491656 0.95103492 19.77231000 A-2 18.79114508 958.86947825 0.95886948 18.79114508 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 Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ------ -------------- ---------------- -------------- ------------ ---------- --------- A-1 453,364,000.00 2.75000% 440,129,047.46 1,008,629.07 0.00 0.00 A-2 296,310,000.00 2.53000% 289,690,619.30 610,764.39 0.00 0.00 X-A 0.00 0.54821% 729,819,666.76 333,412.30 0.00 0.00 X-B 0.00 0.18739% 23,157,000.00 3,616.17 0.00 0.00 B-1 14,915,000.00 2.92000% 14,915,000.00 36,293.17 0.00 0.00 B-2 8,242,000.00 3.29000% 8,242,000.00 22,596.82 0.00 0.00 B-3 4,318,000.00 3.21094% 4,318,000.00 11,554.04 0.00 0.00 B-4 2,355,000.00 3.21094% 2,355,000.00 6,301.47 0.00 0.00 B-5 1,962,000.00 3.21094% 1,962,000.00 5,249.89 0.00 0.00 B-6 3,533,134.00 3.21094% 3,533,134.00 9,453.91 0.00 0.00 A-R 100.00 3.11883% 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- Totals 784,999,234.00 2,047,871.23 0.00 0.00 ============== ============ ==== ====
INTEREST DISTRIBUTION STATEMENT
Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- -------- -------------- --------- -------------- A-1 0.00 0.00 1,008,629.07 0.00 431,164,993.91 A-2 0.00 0.00 610,764.39 0.00 284,122,615.10 X-A 0.00 0.00 333,445.58 0.00 715,287,609.01 X-B 0.00 0.00 3,076.88 0.00 23,157,000.00 B-1 0.00 0.00 36,293.17 0.00 14,915,000.00 B-2 0.00 0.00 22,596.82 0.00 8,242,000.00 B-3 0.00 0.00 11,554.04 0.00 4,318,000.00 B-4 0.00 0.00 6,301.47 0.00 2,355,000.00 B-5 0.00 0.00 5,249.89 0.00 1,962,000.00 B-6 0.00 0.00 9,453.91 0.00 3,533,134.00 A-R 0.00 0.00 0.00 0.00 0.00 ---- ---- ------------ ---- Totals 0.00 0.00 2,047,365.22 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 Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ----- -------------- ----------- ---------------- --------------- ---------- ---------- A-1 453,364,000.00 2.75000% 970.80722656 2.22476657 0.00000000 0.00000000 A-2 296,310,000.00 2.53000% 977.66062333 2.06123448 0.00000000 0.00000000 X-A 0.00 0.54821% 973.51604399 0.44474305 0.00000000 0.00000000 X-B 0.00 0.18739% 1000.00000000 0.15615883 0.00000000 0.00000000 B-1 14,915,000.00 2.92000% 1000.00000000 2.43333356 0.00000000 0.00000000 B-2 8,242,000.00 3.29000% 1000.00000000 2.74166707 0.00000000 0.00000000 B-3 4,318,000.00 3.21094% 1000.00000000 2.67578509 0.00000000 0.00000000 B-4 2,355,000.00 3.21094% 1000.00000000 2.67578344 0.00000000 0.00000000 B-5 1,962,000.00 3.21094% 1000.00000000 2.67578491 0.00000000 0.00000000 B-6 3,533,134.00 3.21094% 1000.00000000 2.67578586 0.00000000 0.00000000 A-R 100.00 3.11883% 0.00000000 0.00000000 0.00000000 0.00000000
INTEREST DISTRIBUTION FACTORS STATEMENT
Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ----- ---------- ---------- -------------- ---------- ------------------- A-1 0.00000000 0.00000000 2.22476657 0.00000000 951.03491656 A-2 0.00000000 0.00000000 2.06123448 0.00000000 958.86947825 X-A 0.00000000 0.00000000 0.44478744 0.00000000 954.13154119 X-B 0.00000000 0.00000000 0.13287041 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.43333356 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.74166707 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.67578509 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.67578344 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.67578491 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.67578586 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 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 16,835,363.80 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 14,399.00 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 16,849,762.80 Withdrawals Reimbursement for Servicer Advances 25,496.37 Payment of Service Fee 244,843.46 Payment of Interest and Principal 16,579,422.97 ------------- Total Withdrawals (Pool Distribution Amount) 16,849,762.80 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 239,423.69 Master Servicing Fee 5,419.77 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 244,843.46 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------- --------- ----------- -------- -------- Class X-A Pool 1 Comp Sub Account 4,500.00 16.64 16.64 4,500.00 Class X-A Pool 2 Comp Sub Account 4,500.00 16.64 16.64 4,500.00 Class X-B Sub Account 1,000.00 546.69 546.69 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 12 4,270,224.23 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 800,442.85 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 -- ------------ -- ---- -- ---- 15 5,070,667.08 0 0.00 0 0.00 == ============ == ==== == ====
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 12 4,270,224.23 60 Days 0 0.00 60 Days 3 800,442.85 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 15 5,070,667.08 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.546199% 0.568898% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.136550% 0.106638% 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% -------- -------- -------- -------- -------- -------- 0.682749% 0.675536% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.546199% 0.568898% 60 Days 0.000000% 0.000000% 60 Days 0.136550% 0.106638% 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% 0.682749% 0.675536% ======== ======== ======== ========
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 14,399.00
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 35,325,134.00 4.50002146% 35,325,134.00 4.70617296% 95.293827% 0.000000% Class B-1 20,410,134.00 2.60001961% 20,410,134.00 2.71912969% 1.987043% 42.222062% Class B-2 12,168,134.00 1.55008228% 12,168,134.00 1.62109345% 1.098036% 23.331829% Class B-3 7,850,134.00 1.00001805% 7,850,134.00 1.04583010% 0.575263% 12.223591% Class B-4 5,495,134.00 0.70001775% 5,495,134.00 0.73208642% 0.313744% 6.666641% Class B-5 3,533,134.00 0.45008120% 3,533,134.00 0.47069998% 0.261386% 5.554119% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.470700% 10.001757%
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 9 3,064,124.23 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 800,442.85 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 -- ------------ -- ---- -- ---- 12 3,864,567.08 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - ------------------------------ --------------------------------- POOL ONE 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 9 3,064,124.23 60 Days 0 0.00 60 Days 3 800,442.85 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 12 3,864,567.08 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.699301% 0.677111% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.233100% 0.176882% 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% -------- -------- -------- -------- -------- -------- 0.932401% 0.853993% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.699301% 0.677111% 60 Days 0.000000% 0.000000% 60 Days 0.233100% 0.176882% 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% 0.932401% 0.853993% ======== ======== ======== =========
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 3 1,206,100.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ -- ---- -- ---- 3 1,206,100.00 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - ------------------------------ --------------------------------- POOL TWO 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 3 1,206,100.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------ 0 0.00 3 1,206,100.00 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.329670% 0.404616% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.329670% 0.404616% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.329670% 0.404616% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.329670% 0.404616% ======== ======== ======== ========
COLLATERAL STATEMENT
Collateral Description Mixed Arm - ---------------------- -------------- Weighted Average Gross Coupon 3.594884% Weighted Average Net Coupon 3.219388% Weighted Average Pass-Through Rate 3.210888% Weighted Average Maturity (Stepdown Calculation) 333 Beginning Scheduled Collateral Loan Count 2,225 Number of Loans Paid in Full 28 Ending Scheduled Collateral Loan Count 2,197 Beginning Scheduled Collateral Balance 765,144,801.65 Ending Scheduled Collateral Balance 750,612,743.90 Ending Actual Collateral Balance at 31-Dec-2004 750,613,990.71 Monthly P&I Constant 2,293,366.31 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 16,484,320.52 Scheduled Principal 1,194.21 Unscheduled Principal 14,530,863.54
GROUP POOL 1 POOL 2 TOTAL - ------------------------------- ----------------- ----------------- -------------- Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.608374 3.574380 3.594884 Weighted Average Net Rate 3.232910 3.198837 3.219388 Pass-Through Rate 3.224410 3.190337 3.210888 Weighted Average Maturity 334 333 333 Record Date 12/31/2004 12/31/2004 12/31/2004 Principal and Interest Constant 1,388,765.84 904,600.47 2,293,366.31 Beginning Loan Count 1,304 921 2,225 Loans Paid in Full 17 11 28 Ending Loan Count 1,287 910 2,197 Beginning Scheduled Balance 461,491,958.34 303,652,843.31 765,144,801.65 Ending Scheduled Balance 452,527,904.79 298,084,839.11 750,612,743.90 Scheduled Principal 1,069.36 124.85 1,194.21 Unscheduled Principal 8,962,984.19 5,567,879.35 14,530,863.54 Scheduled Interest 1,387,696.48 904,475.62 2,292,172.10 Servicing Fee 144,394.67 95,029.02 239,423.69 Master Servicing Fee 3,268.90 2,150.87 5,419.77 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 1,240,032.91 807,295.73 2,047,328.64 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 One Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.370903% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Two Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.401912% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%