SMT Series 2004-9 Certificateholder Distribution Statement by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2004-9 trust. It summarizes the interest and principal payments made to holders of various classes of certificates as of September 30, 2004, with distributions occurring on October 20, 2004. The statement details the amounts distributed, remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f03044dexv10w1.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: SEPTEMBER 30, 2004 DISTRIBUTION DATE: OCTOBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Class Certificate Beginning Interest Principal Current Class CUSIP Description Pass-Through Rate Certificate Balance Distribution Distribution Realized Loss - ----- --------- ----------------- ----------------- ------------------- ------------ ------------ ------------- A-1 81744FDV6 SEN 2.18000% 453,364,000.00 576,527.89 3,460,314.75 0.00 A-2 81744FDW4 SEN 2.53000% 296,310,000.00 437,304.18 2,255,802.20 0.00 X-A 81744FDX2 IO 1.37866% 0.00 861,288.81 0.00 0.00 X-B 81744FDY0 IO 1.26431% 0.00 24,398.11 0.00 0.00 B-1 81744FEA1 SUB 2.35000% 14,915,000.00 20,445.98 0.00 0.00 B-2 81744FEB9 SUB 2.72000% 8,242,000.00 13,077.31 0.00 0.00 B-3 81744FEC7 SUB 3.00150% 4,318,000.00 10,800.39 0.00 0.00 B-4 81744FED5 SUB 3.00150% 2,355,000.00 5,890.44 0.00 0.00 B-5 81744FEE3 SUB 3.00150% 1,962,000.00 4,907.45 0.00 0.00 B-6 81744FEF0 SUB 3.00150% 3,533,134.00 8,837.24 0.00 0.00 A-R 81744FDZ7 SEN 2.90595% 100.00 1.44 100.00 0.00 -------------- ------------ ------------ ---- Totals 784,999,234.00 1,963,479.24 5,716,216.95 0.00 -------------- ------------ ------------ ---- Ending Total Cumulative Class Certificate Balance Distribution Realized Loss - ----- ------------------- ------------ ------------- A-1 449,903,685.25 4,036,842.64 0.00 A-2 294,054,197.80 2,693,106.38 0.00 X-A 0.00 861,288.81 0.00 X-B 0.00 24,398.11 0.00 B-1 14,915,000.00 20,445.98 0.00 B-2 8,242,000.00 13,077.31 0.00 B-3 4,318,000.00 10,800.39 0.00 B-4 2,355,000.00 5,890.44 0.00 B-5 1,962,000.00 4,907.45 0.00 B-6 3,533,134.00 8,837.24 0.00 A-R 0.00 101.44 0.00 -------------- ------------ ---- Totals 779,283,017.05 7,679,696.19 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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - -------- -------------- -------------- ------------ ------------ --------- -------- ------------ A-1 453,364,000.00 453,364,000.00 1,865.05 3,458,449.70 0.00 0.00 3,460,314.75 A-2 296,310,000.00 296,310,000.00 0.00 2,255,802.20 0.00 0.00 2,255,802.20 X-A 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 B-1 14,915,000.00 14,915,000.00 0.00 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 0.00 B-3 4,318,000.00 4,318,000.00 0.00 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 0.00 B-5 1,962,000.00 1,962,000.00 0.00 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 0.00 A-R 100.00 100.00 0.05 99.95 0.00 0.00 100.00 -------------- -------------- ---------- ------------ ------- -------- ------------ Totals 784,999,234.00 784,999,234.00 1,865.10 5,714,351.85 0.00 0.00 5,716,216.95 -------------- -------------- ---------- ------------ ------- -------- ------------ Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - -------- -------------- ----------- --------------- A-1 449,903,685.25 0.99236747 3,460,314.75 A-2 294,054,197.80 0.99238702 2,255,802.20 X-A 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 B-1 14,915,000.00 1.00000000 0.00 B-2 8,242,000.00 1.00000000 0.00 B-3 4,318,000.00 1.00000000 0.00 B-4 2,355,000.00 1.00000000 0.00 B-5 1,962,000.00 1.00000000 0.00 B-6 3,533,134.00 1.00000000 0.00 A-R 0.00 0.00000000 100.00 -------------- ----------- ------------- Totals 779,283,017.05 0.99271819 5,716,216.95 -------------- ----------- -------------
(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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----- -------------- ------------- ------------ ------------ ---------- ---------- ------------ A-1 453,364,000.00 1000.00000000 0.00411380 7.62841712 0.00000000 0.00000000 7.63253092 A-2 296,310,000.00 1000.00000000 0.00000000 7.61298032 0.00000000 0.00000000 7.61298032 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 14,915,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,242,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,318,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,355,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,962,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,533,134.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.50000000 999.50000000 0.00000000 0.00000000 1000.00000000 Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ----- -------------- ----------- --------------- A-1 992.36746908 0.99236747 7.63253092 A-2 992.38701968 0.99238702 7.61298032 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 1000.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Non- 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-1 453,364,000.00 2.18000% 453,364,000.00 576,527.89 0.00 0.00 0.00 0.00 A-2 296,310,000.00 2.53000% 296,310,000.00 437,304.18 0.00 0.00 0.00 0.00 X-A 0.00 1.37866% 749,674,000.00 861,288.81 0.00 0.00 0.00 0.00 X-B 0.00 1.26431% 23,157,000.00 24,398.11 0.00 0.00 0.00 0.00 B-1 14,915,000.00 2.35000% 14,915,000.00 20,445.98 0.00 0.00 0.00 0.00 B-2 8,242,000.00 2.72000% 8,242,000.00 13,077.31 0.00 0.00 0.00 0.00 B-3 4,318,000.00 3.00150% 4,318,000.00 10,800.39 0.00 0.00 0.00 0.00 B-4 2,355,000.00 3.00150% 2,355,000.00 5,890.44 0.00 0.00 0.00 0.00 B-5 1,962,000.00 3.00150% 1,962,000.00 4,907.45 0.00 0.00 0.00 0.00 B-6 3,533,134.00 3.00150% 3,533,134.00 8,837.24 0.00 0.00 0.00 0.00 A-R 100.00 2.90595% 100.00 0.24 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 784,999,234.00 1,963,478.04 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - -------- -------------- --------- -------------- A-1 576,527.89 0.00 449,903,685.25 A-2 437,304.18 0.00 294,054,197.80 X-A 861,288.81 0.00 743,957,883.05 X-B 24,398.11 0.00 23,157,000.00 B-1 20,445.98 0.00 14,915,000.00 B-2 13,077.31 0.00 8,242,000.00 B-3 10,800.39 0.00 4,318,000.00 B-4 5,890.44 0.00 2,355,000.00 B-5 4,907.45 0.00 1,962,000.00 B-6 8,837.24 0.00 3,533,134.00 A-R 1.44 0.00 0.00 ------------ ---- Totals 1,963,479.24 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-1 453,364,000.00 2.18000% 1000.00000000 1.27166667 0.00000000 0.00000000 0.00000000 0.00000000 A-2 296,310,000.00 2.53000% 1000.00000000 1.47583335 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 1.37866% 1000.00000000 1.14888446 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.26431% 1000.00000000 1.05359546 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,915,000.00 2.35000% 1000.00000000 1.37083339 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,242,000.00 2.72000% 1000.00000000 1.58666707 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,318,000.00 3.00150% 1000.00000000 2.50124826 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,355,000.00 3.00150% 1000.00000000 2.50124841 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,962,000.00 3.00150% 1000.00000000 2.50124873 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,533,134.00 3.00150% 1000.00000000 2.50124677 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.90595% 1000.00000000 2.40000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - -------- -------------- ----------- ------------------- A-1 1.27166667 0.00000000 992.36746908 A-2 1.47583335 0.00000000 992.38701968 X-A 1.14888446 0.00000000 992.37519649 X-B 1.05359546 0.00000000 1000.00000000 B-1 1.37083339 0.00000000 1000.00000000 B-2 1.58666707 0.00000000 1000.00000000 B-3 2.50124826 0.00000000 1000.00000000 B-4 2.50124841 0.00000000 1000.00000000 B-5 2.50124873 0.00000000 1000.00000000 B-6 2.50124677 0.00000000 1000.00000000 A-R 14.40000000 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 7,930,937.49 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 7,930,937.49 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 251,241.31 Payment of Interest and Principal 7,679,696.18 ------------ Total Withdrawals (Pool Distribution Amount) 7,930,937.49 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 245,680.90 Master Servicing Fee 5,560.41 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 251,241.31 ==========
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 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%
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 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%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 35,325,134.00 4.50002146% 35,325,134.00 4.53303013% 95.466970% 0.000000% Class B-1 20,410,134.00 2.60001961% 20,410,134.00 2.61909134% 1.913939% 42.222062% Class B-2 12,168,134.00 1.55008228% 12,168,134.00 1.56145248% 1.057639% 23.331829% Class B-3 7,850,134.00 1.00001805% 7,850,134.00 1.00735340% 0.554099% 12.223591% Class B-4 5,495,134.00 0.70001775% 5,495,134.00 0.70515254% 0.302201% 6.666641% Class B-5 3,533,134.00 0.45008120% 3,533,134.00 0.45338265% 0.251770% 5.554119% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.453383% 10.001757%
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 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%
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 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%
DELINQUENT POOL TWO
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%
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 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%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.385563% Weighted Average Net Coupon 3.009999% Weighted Average Pass-Through Rate 3.001499% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 2,265 Number of Loans Paid in Full 12 Ending Scheduled Collateral Loan Count 2,253 Beginning Scheduled Collateral Balance 784,999,234.00 Ending Scheduled Collateral Balance 779,283,017.94 Ending Actual Collateral Balance at 30-Sept-2004 779,281,917.24 Monthly P&I Constant 2,216,585.26 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,591,338.07 Scheduled Principal 1,865.10 Unscheduled Principal 5,714,351.85
GROUP POOL 1 POOL 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.289983 3.531803 3.385563 Weighted Average Net Rate 2.914452 3.156189 3.009999 Pass-Through Rate 2.905952 3.147689 3.001499 Weighted Average Maturity 337 336 336 Record Date 09/30/2004 09/30/2004 09/30/2004 Principal and Interest Constant 1,303,401.68 913,183.58 2,216,585.26 Beginning Loan Count 1,327 938 2,265 Loans Paid in Full 7 5 122 Ending Loan Count 1,320 933 2,253 Beginning Scheduled Balance 474,727,010.88 310,272,224.01 784,999,234.89 Ending Scheduled Balance 471,266,596.13 308,016,421.81 779,283,017.94 Scheduled Principal 1,865.10 0.00 1,865.10 Unscheduled Principal 3,458,549.65 2,255,802.20 5,714,351.85 Scheduled Interest 1,301,536.58 913,183.58 2,214,720.16 Servicing Fee 148,562.20 97,118.70 245,680.90 Master Servicing Fee 3,362.65 2,197.76 5,560.41 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 1,149,611.73 813,867.12 1,963,478.85 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 95.499959% 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 95.500008% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%