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 details the interest and principal payments made to certificateholders as of January 31, 2005, with distributions occurring on February 22, 2005. The statement lists each certificate class, their balances, interest rates, and payment amounts, confirming that all distributions were made according to the Pooling and Servicing Agreement. No realized losses were reported for this period.

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EX-10.1 2 f06743eexv10w1.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: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Ending Class Pass-Through Certificate Interest Principal Current Certificate Class CUSIP Description Rate Balance Distribution Distribution Realized Loss Balance - ----- --------- ----------- ------------ -------------- ------------ -------------- ------------- -------------- A-1 81744FDV6 SEN 2.84000% 431,164,993.91 1,020,423.82 6,784,818.42 0.00 424,380,175.49 A-2 81744FDW4 SEN 2.53000% 284,122,615.10 599,025.18 3,741,225.20 0.00 280,381,389.90 X-A 81744FDX2 IO 0.64273% 0.00 383,113.55 0.00 0.00 0.00 X-B 81744FDY0 IO 0.22541% 0.00 4,212.36 0.00 0.00 0.00 B-1 81744FEA1 SUB 3.01000% 14,915,000.00 37,411.79 0.00 0.00 14,915,000.00 B-2 81744FEB9 SUB 3.38000% 8,242,000.00 23,214.97 0.00 0.00 8,242,000.00 B-3 81744FEC7 SUB 3.35998% 4,318,000.00 12,090.31 0.00 0.00 4,318,000.00 B-4 81744FED5 SUB 3.35998% 2,355,000.00 6,593.95 0.00 0.00 2,355,000.00 B-5 81744FEE3 SUB 3.35998% 1,962,000.00 5,493.56 0.00 0.00 1,962,000.00 B-6 81744FEF0 SUB 3.35998% 3,533,134.00 9,892.70 0.00 0.00 3,533,134.00 A-R 81744FDZ7 SEN 3.13252% 0.00 0.80 0.00 0.00 0.00 -------------- ------------ ------------- ---------- -------------- Totals 750,612,743.01 2,101,472.99 10,526,043.62 0.00 740,086,699.39 -------------- ------------ ------------- ---------- --------------
Total Cumulative Class Distribution Realized Loss - ----- ------------ ------------- A-1 7,805,242.24 0.00 A-2 4,340,250.38 0.00 X-A 383,113.55 0.00 X-B 4,212.36 0.00 B-1 37,411.79 0.00 B-2 23,214.97 0.00 B-3 12,090.31 0.00 B-4 6,593.95 0.00 B-5 5,493.56 0.00 B-6 9,892.70 0.00 A-R 0.80 0.00 ------------- ------------- Totals 12,627,516.61 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-1 453,364,000.00 431,164,993.91 704.33 6,784,114.09 0.00 0.00 6,784,818.42 A-2 296,310,000.00 284,122,615.10 672.91 3,740,552.29 0.00 0.00 3,741,225.20 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 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ------------ ------------- ------- ------- ------------- Totals 784,999,234.00 750,612.743.01 1,377.24 10,524,666.38 0.00 0.00 10,526,043.62 -------------- -------------- ------------ ------------- ------- ------- -------------
Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ------- -------------- -------------- --------------- A-1 424,380,175.49 0.93606942 6,784,818.42 A-2 280,381,389.90 0.94624343 3,741,225.20 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 0.00 -------------- -------------- --------------- Totals 740,086,699.39 0.94278652 10,526,043.62 -------------- -------------- ---------------
(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-1 453,364,000.00 951.03491656 0.00155356 14.96394528 0.00000000 0.00000000 14.96549885 A-2 296,310,000.00 958.86947825 0.00227097 12.62378013 0.00000000 0.00000000 12.62605110 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 0.00000000 0.00000000 0.00000000 0.00000000
Ending Ending Class Certificate Certificate Total Principal Balance Percentage Distribution - ----- -------------- ------------- --------------- A-1 936.06941771 0.93606942 14.96549885 A-2 946.24342715 0.94624343 12.62605110 X-A 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Non- 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 2.84000% 431,164,993.91 1,020,423.82 0.00 0.00 0.00 0.00 A-2 296,310,000.00 2.53000% 284,122,615.10 599,025.18 0.00 0.00 0.00 0.00 X-A 0.00 0.64273% 715,287,609.01 383,113.55 0.00 0.00 0.00 0.00 X-B 0.00 0.22541% 23,157,000.00 4,349.90 0.00 0.00 0.00 0.00 B-1 14,915,000.00 3.01000% 14,915,000.00 37,411.79 0.00 0.00 0.00 0.00 B-2 8,242,000.00 3.38000% 8,242,000.00 23,214.97 0.00 0.00 0.00 0.00 B-3 4,318,000.00 3.35998% 4,318,000.00 12,090.31 0.00 0.00 0.00 0.00 B-4 2,355,000.00 3.35998% 2,355,000.00 6,593.95 0.00 0.00 0.00 0.00 B-5 1,962,000.00 3.35998% 1,962,000.00 5,493.56 0.00 0.00 0.00 0.00 B-6 3,533,134.00 3.35998% 3,533,134.00 9,892.70 0.00 0.00 0.00 0.00 A-R 100.00 3.13252% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ -------------- ------------ ---------- --------- --------- -------- Totals 784,999,234.00 2,101,609.73 0.00 0.00 0.00 0.00 -------------- ------------ -------------- ------------ ---------- --------- --------- --------
Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- ----------- -------------- A-1 1,020,423.82 0.00 424,380,175.49 A-2 599,025.18 0.00 280,381,389.90 X-A 383,113.55 0.00 704,761,565.39 X-B 4,212.36 0.00 23,157,000.00 B-1 37,411.79 0.00 14,915,000.00 B-2 23,214.97 0.00 8,242,000.00 B-3 12,090.31 0.00 4,318,000.00 B-4 6,593.95 0.00 2,355,000.00 B-5 5,493.56 0.00 1,962,000.00 B-6 9,892.70 0.00 3,533,134.00 A-R 0.80 0.00 0.00 -------------- --------- -------------- Totals 2,101,472.99 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------- --------------- ----------- ---------------- --------------- ---------- ---------- ---------- ---------- A-1 453,364,000.00 2.84000% 951.03491656 2.25078264 0.00000000 0.00000000 0.00000000 0.00000000 A-2 296,310,000.00 2.53000% 958.86947825 2.02161648 0.00000000 0.00000000 0.00000000 0.00000000 X-A 0.00 0.64273% 954.13154119 0.51104020 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.22541% 1000.00000000 0.18784385 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,915,000.00 3.01000% 1000.00000000 2.50833322 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,242,000.00 3.38000% 1000.00000000 2.81666707 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,318,000.00 3.35998% 1000.00000000 2.79997916 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,355,000.00 3.35998% 1000.00000000 2.79997877 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,962,000.00 3.35998% 1000.00000000 2.79997961 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,533,134.00 3.35998% 1000.00000000 2.79997872 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.13252% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - --------- -------------- ---------- ------------------- A-1 2.25078264 0.00000000 936.06941771 A-2 2.02161648 0.00000000 946.24342715 X-A 0.51104020 0.00000000 940.09071328 X-B 0.18190439 0.00000000 1000.00000000 B-1 2.50833322 0.00000000 1000.00000000 B-2 2.81666707 0.00000000 1000.00000000 B-3 2.79997916 0.00000000 1000.00000000 B-4 2.79997877 0.00000000 1000.00000000 B-5 2.79997961 0.00000000 1000.00000000 B-6 2.79997872 0.00000000 1000.00000000 A-R 8.00000000 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 12,792,229.55 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 89,866.11 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 12,882,095.66 Withdrawals Reimbursement for Servicer Advances 14,399.00 Payment of Service Fee 240,180.05 Payment of Interest and Principal 12,627,516.61 ------------- Total Withdrawals (Pool Distribution Amount) 12,882,095.66 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 234,863.21 Master Servicing Fee 5,316.84 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 240,180.05 ==========
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 1,000.00 137.54 137.54 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 81 31,799,301.30 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 -------- ------------- 81 31,799,301.30 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.720717% 4.293979% 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% 3.720717% 4.293979%
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 81 31,799,301.30 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 --------- ------------- 81 31,799,301.30 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 3.720717% 4.293979% 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% -------- ------------- 3.720717% 4.293979%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 89,866.11
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 35,325,134.00 4.50002146% 35,325,134.00 4.77310753% 95.226892% 0.000000% Class B-1 20,410,134.00 2.60001961% 20,410,134.00 2.75780310% 2.015304% 42.222062% Class B-2 12,168,134.00 1.55008228% 12,168,134.00 1.64414980% 1.113653% 23.331829% Class B-3 7,850,134.00 1.00001805% 7,850,134.00 1.06070464% 0.583445% 12.223591% Class B-4 5,495,134.00 0.70001775% 5,495,134.00 0.74249868% 0.318206% 6.666641% Class B-5 3,533,134.00 0.45008120% 3,533,134.00 0.47739461% 0.265104% 5.554119% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.477395% 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 36 13,030,774.67 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 -------- ------------- 36 13,030,774.67 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.821317% 2.923363% 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% -------- ------------- 2.821317% 2.923363%
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 36 13,030,774.67 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 -------- ------------- 36 13,030,774.67 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 2.821317% 2.923363% 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% -------- ------------- 2.821317% 2.923363%
DELINQUENT POOL TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 45 18,748,526.63 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 -------- ------------- 45 18,748,526.63 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 4.994451% 6.369601% 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% 4.994451% 6.369601%
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 45 18,748,526.63 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 -------- ------------- 45 18,748,526.63 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 4.994451% 6.369601% 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% -------- ------------- 4.994451% 6.369601%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.743586% Weighted Average Net Coupon 3.368111% Weighted Average Pass-Through Rate 3.359611% Weighted Average Maturity (Stepdown Calculation) 332 Beginning Scheduled Collateral Loan Count 2,197 Number of Loans Paid in Full 20 Ending Scheduled Collateral Loan Count 2,177 Beginning Scheduled Collateral Balance 750,612,743.90 Ending Scheduled Collateral Balance 740,086,700.28 Ending Actual Collateral Balance at 31-Jan-2005 740,089,804.54 Monthly P&I Constant 2,343,029.89 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,528,468.63 Scheduled Principal 1,377.24 Unscheduled Principal 10,524,666.38
GROUP POOL 1 POOL 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.820820 3.626335 3.743586 Weighted Average Net Rate 3.445398 3.250781 3.368111 Pass-Through Rate 3.436898 3.242281 3.359611 Weighted Average Maturity 333 332 332 Record Date 01/31/2005 01/31/2005 01/31/2005 Principal and Interest Constant 1,441,560.83 901,469.06 2,343,029.89 Beginning Loan Count 1,287 910 2,197 Loans Paid in Full 11 9 20 Ending Loan Count 1,276 901 2,177 Beginning Scheduled Balance 452,527,904.79 298,084,839.11 750,612,743.90 Ending Scheduled Balance 445,743,086.37 294,343,613.91 740,086,700.28 Scheduled Principal 704.33 672.91 1,377.24 Unscheduled Principal 6,784,114.09 3,740,552.29 10,524,666.38 Scheduled Interest 1,440,856.50 900,796.15 2,341,652.65 Servicing Fee 141,574.24 93,288.97 234,863.21 Master Servicing Fee 3,205.41 2,111.43 5,316.84 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 1,296,076.85 805,395.75 2,101,472.60 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 95.279206% 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 95.316023% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%