Wells Fargo Bank Minnesota, N.A. SMT Series 2004-9 Certificateholder Distribution Statement (October–November 2004)

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A., as Certificate Administrator, for the SMT Series 2004-9 trust. It summarizes the principal and interest payments made to certificateholders for the period between October 29, 2004 (record date) and November 22, 2004 (distribution date). The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 2 f03812eexv10w1.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: OCTOBER 29, 2004 DISTRIBUTION DATE: NOVEMBER 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ----- --------- ----------- ------------ -------------- ------------ A-1 81744FDV6 SEN 2.25000% 449,903,685.25 843,569.41 A-2 81744FDW4 SEN 2.53000% 294,054,197.80 619,964.27 X-A 81744FDX2 IO 0.68762% 0.00 426,299.61 X-B 81744FDY0 IO 0.49660% 0.00 9,583.13 B-1 81744FEA1 SUB 2.42000% 14,915,000.00 30,078.58 B-2 81744FEB9 SUB 2.79000% 8,242,000.00 19,162.65 B-3 81744FEC7 SUB 3.04829% 4,318,000.00 10,968.76 B-4 81744FED5 SUB 3.04829% 2,355,000.00 5,982.27 B-5 81744FEE3 SUB 3.04829% 1,962,000.00 4,983.95 B-6 81744FEF0 SUB 3.04829% 5,533,134.00 8,975.01 A-R 81744FDZ7 SEN 3.11815% 0.00 1.08 --------- --- --------- -------------- ------------ Totals 779,283,017.05 1,979,568.72 --------- --- --------- -------------- ------------ Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ----- ------------ ------------- -------------- ------------- ------------- A-1 3,840,285.40 0.00 446,063,399.85 4,683,854.81 0.00 A-2 1,964,214.76 0.00 292,089,983.04 2,584,179.03 0.00 X-A 0.00 0.00 0.00 426,299.61 0.00 X-B 0.00 0.00 0.00 9,583.13 0.00 B-1 0.00 0.00 14,915,000.00 30,078.58 0.00 B-2 0.00 0.00 8,242,000.00 19,162.65 0.00 B-3 0.00 0.00 4,318,000.00 10,968.76 0.00 B-4 0.00 0.00 2,355,000.00 5,982.27 0.00 B-5 0.00 0.00 1,962,000.00 4,983.95 0.00 B-6 0.00 0.00 5,533,134.00 8,975.01 0.00 A-R 0.00 0.00 0.00 1.08 0.00 ------------ ---- -------------- ------------- ---- Totals 5,804,500.16 0.00 773,478,516.89 7,784,068.88 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-1 453,364,000.00 449,903,685.25 (1,066,153.90) 4,906,439.31 0.00 A-2 296,310,000.00 294,054,197.80 (583,250.00) 2,547,464.76 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 784,999,234.00 779,283,017.05 (1,649,403.90) 7,453,904.07 0.00 -------------- -------------- ------------- ------------ ---- Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution ----- -------- ------------ -------------- ---------- ------------ A-1 0.00 3,840,285.40 446,063,399.85 0.98389682 3,840,285.40 A-2 0.00 1,964,214.76 292,089,983.04 0.98575810 1,964,214.76 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 5,804,500.16 773,478,516.89 0.98532391 5,804,500.16 ---- ------------ -------------- ---------- ------------
(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-1 453,364,000.00 992.36746908 (2.35165099) 10.82229579 0.00000000 A-2 296,310,000.00 992.38701968 (1.96837771) 8.59729594 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 1000.00000000 0.50000000 0.00000000 0.00000000 Total Ending Realized Principal Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ----- ---------- ---------- ------------- ---------- ------------ A-1 0.00000000 8.47064478 983.89682430 0.98389682 8.47064478 A-2 0.00000000 6.62891823 985.75810145 0.98575810 6.62891823 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
Beginning Payment of Current Certificate/ Current Unpaid Original Face Certificate Notional Accrued Interest Class Amount Rate Balance Interest Shortfall ----- -------------- ----------- -------------- ------------ ---------- A-1 453,364,000.00 2.25000% 449,903,685.25 843,569.41 0.00 A-2 296,310,000.00 2.53000% 294,054,197.80 619,964.27 0.00 X-A 0.00 0.68762% 743,957,883.05 426,299.61 0.00 X-B 0.00 0.49660% 23,157,000.00 9,583.13 0.00 B-1 14,915,000.00 2.42000% 14,915,000.00 30,078.58 0.00 B-2 8,242,000.00 2.79000% 8,242,000.00 19,162.65 0.00 B-3 4,318,000.00 3.04829% 4,318,000.00 10,968.76 0.00 B-4 2,355,000.00 3.04829% 2,355,000.00 5,982.27 0.00 B-5 1,962,000.00 3.04829% 1,962,000.00 4,983.95 0.00 B-6 3,533,134.00 3.04829% 3,533,134.00 8,975.01 0.00 A-R 100.00 3.11815% 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- Totals 784,999,234.00 1,979,567.64 0.00 -------------- ------- -------------- ------------ ---- Remaining Ending Current Non-Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance ----- --------- ----------- ------- ------------- --------- -------------- A-1 0.00 0.00 0.00 843,569.41 0.00 446,063,399.85 A-2 0.00 0.00 0.00 619,964.27 0.00 292,089,983.04 X-A 0.00 0.00 0.00 426,299.61 0.00 738,153,382.89 X-B 0.00 0.00 0.00 9,583.13 0.00 23,157,000.00 B-1 0.00 0.00 0.00 30,078.58 0.00 14,915,000.00 B-2 0.00 0.00 0.00 19,162.65 0.00 8,242,000.00 B-3 0.00 0.00 0.00 10,968.76 0.00 4,318,000.00 B-4 0.00 0.00 0.00 5,982.27 0.00 2,355,000.00 B-5 0.00 0.00 0.00 4,983.95 0.00 1,962,000.00 B-6 0.00 0.00 0.00 8,975.01 0.00 3,533,134.00 A-R 0.00 0.00 0.00 1.08 0.00 0.00 ---- ---- ---- ------------ ---- Totals 0.00 0.00 0.00 1,979,568.72 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- ------ ---- ---------------- -------- --------- --------- A-1 453,364,000.00 2.25000% 992.36746908 1.86068900 0.00000000 0.00000000 A-2 296,310,000.00 2.53000% 992.38701968 2.09228264 0.00000000 0.00000000 X-A 0.00 0.68762% 992.37519649 0.56864665 0.00000000 0.00000000 X-B 0.00 0.49660% 1000.00000000 0.41383297 0.00000000 0.00000000 B-1 14,915,000.00 2.42000% 1000.00000000 2.01666644 0.00000000 0.00000000 B-2 8,242,000.00 2.79000% 1000.00000000 2.32500000 0.00000000 0.00000000 B-3 4,318,000.00 3.04829% 1000.00000000 2.54024085 0.00000000 0.00000000 B-4 2,355,000.00 3.04829% 1000.00000000 2.54024204 0.00000000 0.00000000 B-5 1,962,000.00 3.04829% 1000.00000000 2.54023955 0.00000000 0.00000000 B-6 3,533,134.00 3.04829% 1000.00000000 2.54024048 0.00000000 0.00000000 A-R 100.00 3.11815% 0.00000000 0.00000000 0.00000000 0.00000000 Non- Remaining Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- --------- -------- ------------ --------- ------------------ A-1 0.00000000 0.00000000 1.86068900 0.00000000 983.89682430 A-2 0.00000000 0.00000000 2.09228264 0.00000000 985.75810145 X-A 0.00000000 0.00000000 0.56864665 0.00000000 984.63249745 X-B 0.00000000 0.00000000 0.41383297 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.01666644 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.32500000 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.54024085 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.54024204 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.54023955 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.54024048 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 10.800000000 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 8,002,692.86 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 30,790.36 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 8,033,483.22 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 249,414.33 Payment of Interest and Principal 7,784,068.89 ------------ Total Withdrawals (Pool Distribution Amount) 8,033,483.22 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 243,894.41 Master Servicing Fee 5,519.92 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 249,414.33 ==========
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 37 11,733,596.22 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 -- ------------- 37 11,733,596.22
No. of Principal Loans Balance --------- -------- 0-29 Days 0.000000% 0.000000% 30 Days 1.647373% 1.516986% 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% --------- -------- 1.647373% 1.516986%
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 37 11,733,596.22 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 --- ------------- 37 11,733,596.22
No. of Principal Loans Balance ----- ------- 0-29 Days 0.000000% 0.000000% 30 Days 1.647373% 1.516986% 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% - --------- --------- --------- 1.647373% 1.516986%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 30,790.36
Original $ Original% Current $ ---------- --------- --------- Class A 35,325,134.00 4.50002146% 35,325,134.00 Class B-1 20,410,134.00 2.60001961% 20,410,134.00 Class B-2 12,168,134.00 1.55008228% 12,168,134.00 Class B-3 7,850,134.00 1.00001805% 7,850,134.00 Class B-4 5,495,134.00 0.70001775% 5,495,134.00 Class B-5 3,533,134.00 0.45008120% 3,533,134.00 Class B-6 0.00 0.00000000% 0.00 Current % Current Class % Prepayment % --------- --------------- ------------ Class A 4.56704785% 95.432952% 0.000000% Class B-1 2.63874607% 1.928302% 42.222062% Class B-2 1.57317206% 1.065576% 23.331829% Class B-3 1.01491300% 0.558257% 12.223591% Class B-4 0.71044429% 0.304469% 6.666641% Class B-5 0.45678502% 0.253659% 5.554119% Class B-6 0.00000000% 0.456785% 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 19 7,340,373.18 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 ---- ------------ 19 7,340,373.18
No. of Principal Loans Balance ----- -------- 0-29 Days 0.000000% 0.000000% 30 Days 1.442673% 1.570375% 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% -------- -------- 1.442673% 1.570375%
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 19 7,340,373.18 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 ---- ------------ 19 7,340,373.18
No. of Principal Loans Balance -------- -------- 0-29 Days 0.000000% 0.000000% 30 Days 1.442673% 1.570375% 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% -------- -------- 1.442673% 1.570375%
DELINQUENT POOL TWO
No. of Principal Loans Balance ----- ------------ 0-29 Days 0 0.00 30 Days 18 4,393,223.04 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 --- ------------ 18 4,393,223.04
No. of Principal Loans Balance -------- -------- 0-29 Days 0.000000% 0.000000% 30 Days 1.937567% 1.435446% 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% -------- -------- 1.937567% 1.435446%
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 18 4,393,223.04 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 --- ------------ 18 4,393,223.04
No. of Principal Loans Balance ----- ------- 0-29 Days 0.000000% 0.000000% 30 Days 1.937567% 1.435446% 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% -------- -------- 1.937567% 1.435446%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.426117% Weighted Average Net Coupon 3.050550% Weighted Average Pass-Through Rate 3.042050% Weighted Average Maturity (Stepdown Calculation) 335 Beginning Scheduled Collateral Loan Count 2,253 Number of Loans Paid in Full 7 Ending Scheduled Collateral Loan Count 2,246 Beginning Scheduled Collateral Balance 779,283,017.94 Ending Scheduled Collateral Balance 773,478,517.78 Ending Actual Collateral Balance at 29-Oct-2004 773,480,902.45 Monthly P&I Constant 2,231,344.82 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,694,333.45 Scheduled Principal 6,415.55 Unscheduled Principal 5,798,084.67
GROUP POOL 1 POOL 2 TOTAL ----- ------ ------ ----- Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.353664 3.536971 3.426117 Weighted Average Net Rate 2.978130 3.161353 3.050550 Pass-Through Rate 2.969630 3.152853 3.042050 Weighted Average Maturity 336 335 335 Record Date 10/29/2004 10/29/2004 10/29/2004 Principal and Interest Constant 1,321,713.70 909,631.12 2,231,344.82 Beginning Loan Count 1,320 933 2,253 Loans Paid in Full 3 4 7 Ending Loan Count 1,317 929 2,246 Beginning Scheduled Balance 471,266,596.13 308,016,421.81 779,283,017.94 Ending Scheduled Balance 467,426,310.73 306,052,207.05 773,478,517.78 Scheduled Principal 4,655.47 1,760.08 6,415.55 Unscheduled Principal 3,835,629.97 1,962,454.70 5,798,084.67 Scheduled Interest 1,317,058.23 907,871.04 2,224,929.27 Servicing Fee 147,480.66 96,413.75 243,894.41 Master Servicing Fee 3,338.14 2,181.78 5,519.92 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 1,166,239.43 809,275.51 1,975,514.94 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 95.466916% 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 95.467052% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%