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 principal and interest payments made to holders of various classes of certificates as of March 31, 2005, with distributions occurring on April 20, 2005. 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.

Read More Arrow
EX-10.1 2 f08876dexv10w1.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: MARCH 31, 2005 DISTRIBUTION DATE: APRIL 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ------ --------- ----------- ------------ -------------- ------------ ------------- A-1 81744FDV6 SEN 3.19000% 419,597,126.44 1,115,429.03 16,573,748.92 A-2 81744FDW4 SEN 3.65625% 271,620,098.99 827,592.49 7,689,089.19 X-A 81744FDX2 IO 0.67162% 0.00 386,860.53 0.00 X-B 81744FDY0 IO 0.55360% 0.00 10,683.10 0.00 B-1 81744FEA1 SUB 3.36000% 14,915,000.00 41,762.00 0.00 B-2 81744FEB9 SUB 3.73000% 8,242,000.00 25,618.88 0.00 B-3 81744FEC7 SUB 4.04529% 4,318,000.00 14,556.30 0.00 B-4 81744FED5 SUB 4.04529% 2,355,000.00 7,938.88 0.00 B-5 81744FEE3 SUB 4.04529% 1,962,000.00 6,614.05 0.00 B-6 81744FEF0 SUB 4.04529% 3,533,134.00 11,910.46 0.00 A-R 81744FDZ7 SEN 3.20330% 0.00 0.59 0.00 -------------- ------------ ------------- Totals 726,542,359.43 2,448,966.31 24,262,838.11 -------------- ------------ ------------- Ending Current Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss - ------ ------------- -------------- ------------- ------------- A-1 0.00 403,023,377.52 17,689,177.95 0.00 A-2 0.00 263,931,009.80 8,516,681.68 0.00 X-A 0.00 0.00 386,860.53 0.00 X-B 0.00 0.00 10,683.10 0.00 B-1 0.00 14,915,000.00 41,762.00 0.00 B-2 0.00 8,242,000.00 25,618.88 0.00 B-3 0.00 4,318,000.00 14,556.30 0.00 B-4 0.00 2,355,000.00 7,938.88 0.00 B-5 0.00 1,962,000.00 6,614.05 0.00 B-6 0.00 3,533,134.00 11,910.46 0.00 A-R 0.00 0.00 0.59 0.00 ---- -------------- ------------- ---- Totals 0.00 702,279,521.32 26,711,804.42 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 Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------- --------- A-1 453,364,000.00 419,597,126.44 0.00 16,573,748.92 0.00 A-2 296,310,000.00 271,620,098.99 0.00 7,689,089.19 0.00 X-A 0.00 0.00 0.00 0.00 0.00 X-B 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 B-2 8,242,000.00 8,242,000.00 0.00 0.00 0.00 B-3 4,318,000.00 4,318,000.00 0.00 0.00 0.00 B-4 2,355,000.00 2,355,000.00 0.00 0.00 0.00 B-5 1,962,000.00 1,962,000.00 0.00 0.00 0.00 B-6 3,533,134.00 3,533,134.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- Totals 784,999,234.00 726,542,359.43 0.00 24,262,838.11 0.00 -------------- -------------- ---- ------------- ---- Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- ------------- -------------- ----------- --------------- A-1 0.00 16,573,748.92 403,023,377.52 0.88896202 16,573,748.92 A-2 0.00 7,689,089.19 263,931,009.80 0.89072596 7,689,089.19 X-A 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 14,915,000.00 1.00000000 0.00 B-2 0.00 0.00 8,242,000.00 1.00000000 0.00 B-3 0.00 0.00 4,318,000.00 1.00000000 0.00 B-4 0.00 0.00 2,355,000.00 1.00000000 0.00 B-5 0.00 0.00 1,962,000.00 1.00000000 0.00 B-6 0.00 0.00 3,533,134.00 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 ---- ------------- -------------- ---------- ------------- Totals 0.00 24,262,838.11 702,279,521.32 0.89462447 24,262,838.11 ---- ------------- -------------- ---------- -------------
(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 Class Amount Balance Distribution Distribution Accretion - ----- -------------- ------------- ------------ ------------ ---------- A-1 453,364,000.00 925.51928790 0.00000000 36.55726727 0.00000000 A-2 296,310,000.00 916.67543785 0.00000000 25.94947585 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,915,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,242,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,318,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,355,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,962,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,533,134.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.50000000 0.00000000 0.00000000 Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ----- ---------- ----------- ------------- ----------- --------------- A-1 0.00000000 36.55726727 888.96202063 0.88896202 36.55726727 A-2 0.00000000 25.94947585 890.72596200 0.89075296 25.94947585 X-A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 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
Current Beginning Payment of Non-Supported Original Certificate Certificate/ Current Accrued Unpaid Interest Current Interest Interest Realized Class Face Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----- ----------- ---- ---------------- -------- --------- --------- --------- -------- A-1 453,364,000.00 3.19000% 419,597,126.44 1,115,429.03 0.00 0.00 0.00 0.00 A-2 296,310,000.00 3.65625% 271,620,098.99 827,592.49 0.00 0.00 0.00 0.00 X-A 0.00 0.67162% 691,217,225.43 386,860.53 0.00 0.00 0.00 0.00 X-B 0.00 0.55360% 23,157,000.00 10,683.10 0.00 0.00 0.00 0.00 B-1 14,915,000.00 3.36000% 14,915,000.00 41,762.00 0.00 0.00 0.00 0.00 B-2 8,242,000.00 3.73000% 8,242,000.00 25,618.88 0.00 0.00 0.00 0.00 B-3 4,318,000.00 4.04529% 4,318,000.00 14,556.30 0.00 0.00 0.00 0.00 B-4 2,355,000.00 4.04529% 2,355,000.00 7,938.88 0.00 0.00 0.00 0.00 B-5 1,962,000.00 4.04529% 1,962,000.00 6,614.05 0.00 0.00 0.00 0.00 B-6 3,533,134.00 4.04529% 3,533,134.00 11,910.46 0.00 0.00 0.00 0.00 A-R 100.00 3.20330% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- ---- Totals 784,999,234.00 2,448,965.72 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- ----
Total Interest Remaining Unpaid Ending Certificate/ Class Distribution Interest Shortfall Notational Balance ----- ------------ ------------------ ------------------ A-1 1,115,429.03 0.00 403,023,377.52 A-2 827,592.49 0.00 263,931,009.80 X-A 386,860.53 0.00 666,954,387.32 X-B 10,683.10 0.00 23,157,000.00 B-1 41,762.00 0.00 14,915,000.00 B-2 25,618.88 0.00 8,242,000.00 B-3 14,556.30 0.00 4,318,000.00 B-4 7,938.88 0.00 2,355,000.00 B-5 6,614.05 0.00 1,962,000.00 B-6 11,910.46 0.00 3,533,134.00 A-R 0.59 0.00 0.00 ------------ ---- -------------- Totals 2,448,966.31 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
Current Beginning Payment of Current Original Certificate Certificate/ Current Unpaid Interest Interest Non-Supported Realized Class (5) Face Amount Rate Notional Balance Accrued Interest Shortfall Shortfall Interest Shortfall Loss (6) - --------- ----------- ---- ---------------- ---------------- --------- --------- ------------------ -------- A-1 453,364,000.00 3.19000% 925.51928790 2.46033878 0.00000000 0.00000000 0.00000000 0.00000000 A-2 296,310,000.00 3.65625% 916.67543785 2.79299548 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.67162% 922.02374023 0.51603834 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.55360% 1000.00000000 0.46133351 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,915,000.00 3.36000% 1000.00000000 2.80000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,242,000.00 3.73000% 1000.00000000 3.10833293 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,318,000.00 4.04529% 1000.00000000 3.37107457 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,355,000.00 4.04529% 1000.00000000 3.37107431 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,962,000.00 4.04529% 1000.00000000 3.37107543 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,533,134.00 4.04529% 1000.00000000 3.37107509 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.20330% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Remaining Total Interest Unpaid Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - --------- ------------ --------- ------------------ A-1 2.46033878 0.00000000 888.96202063 A-2 2.79299548 0.00000000 890.72596200 X-A 0.51603834 0.00000000 889.65922164 X-B 0.46133351 0.00000000 1000.00000000 B-1 2.80000000 0.00000000 1000.00000000 B-2 3.10833293 0.00000000 1000.00000000 B-3 3.37107457 0.00000000 1000.00000000 B-4 3.37107431 0.00000000 1000.00000000 B-5 3.37107543 0.00000000 1000.00000000 B-6 3.37107509 0.00000000 1000.00000000 A-R 5.90000000 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 26,944,291.90 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 26,944,291.90 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 232,487.48 Payment of Interest and Principal 26,711,804.42 ------------- Total Withdrawals (Pool Distribution Amount) 26,944,291.90 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 227,341.14 Master Servicing Fee 5,146.34 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 232,487.48 ==========
OTHER ACCOUNTS
Account Type Beginning Balance Current Withdrawals Current Deposits Ending 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 26 10,120,440.20 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 -- ------------- -- ---- -- ---- 26 10,120,440.20 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 1.242236% 1.441081% 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% -------- -------- -------- -------- -------- -------- 1.242236% 1.441081% 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 26 10,120,440.20 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 26 10,120,440.20 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 1.242236% 1.441081% 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% 1.242236% 1.441081%
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 5.03006750% 94.969932% 0.000000% Class B-1 20,410,134.00 2.60001961% 20,410,134.00 2.90626928% 2.123798% 42.222062% Class B-2 12,168,134.00 1.55008228% 12,168,134.00 1.73266251% 1.173607% 23.331829% Class B-3 7,850,134.00 1.00001805% 7,850,134.00 1.11780762% 0.614855% 12.223591% Class B-4 5,495,134.00 0.70001775% 5,495,134.00 0.78247106% 0.335337% 6.666641% Class B-5 3,533,134.00 0.45008120% 3,533,134.00 0.50309512% 0.279376% 5.554119% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.503095% 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 Balance No. of Principal No. of Principal Loans Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 18 6,699,071.24 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 -- ------------ -- ---- -- ---- 18 6,699,071.24 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 1.465798% 1.578525% 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% -------- -------- -------- -------- -------- -------- 1.465798% 1.578525% 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 18 6,699,071.24 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 18 6,699,071.24 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 1.465798% 1.578525% 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% 1.465798% 1.578525%
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 8 3,421,368.96 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 -- ------------ -- ---- -- ---- 8 3,421,368.96 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 0.924855% 1.231181% 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% -------- -------- -------- -------- -------- -------- 0.924855% 1.231181% 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 8 3,421,368.96 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 8 3,421,368.96 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 0.924855% 1.231181% 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% 0.924855% 1.231181%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 4.418673% Weighted Average Net Coupon 4.043183% Weighted Average Pass-Through Rate 4.034683% Weighted Average Maturity (Stepdown Calculation) 330 Beginning Scheduled Collateral Loan Count 2,145 Number of Loans Paid in Full 52 Ending Scheduled Collateral Loan Count 2,093 Beginning Scheduled Collateral Balance 726,542,360.32 Ending Scheduled Collateral Balance 702,279,522.21 Ending Actual Collateral Balance at 31-Mar-2005 702,281,225.05 Monthly P&I Constant 2,675,294.29 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 26,592,720.16 Scheduled Principal 0.00 Unscheduled Principal 24,262,838.11
GROUP ONE TWO TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.333638% 4.549973 4.418673 Weighted Average Net Rate 3.958205% 4.174396 4.043183 Pass-Through Rate 3.949705% 4.165896 4.034683 Weighted Average Maturity 331 330 330 Record Date 03/31/2005 03/31/2005 03/31/2005 Principal and Interest Constant 1,592,467.65 1,082,826.64 2,675,294.29 Beginning Loan Count 1,261 884 2,145 Loans Paid in Full 33 19 52 Ending Loan Count 1,228 865 2,093 Beginning Scheduled Balance 440,960,037.32 285,582,323.00 726,542,360.32 Ending Scheduled Balance 424,386,288.40 277,893,233.81 702,279,522.21 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 16,573,748.92 7,689,089.19 24,262,838.11 Scheduled Interest 1,592,467.65 1,082,826.64 2,675,294.29 Servicing Fee 137,959.28 89,381.86 227,341.14 Master Servicing Fee 3,123.47 2,022.87 5,146.34 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 1,451,384.90 991,421.91 2,442,806.81 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 95.155364% 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 95.110963% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%