Certificateholder Distribution Summary for SMT Series 2004-12 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2004-12, administered by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of the record date February 28, 2005, and distribution date March 21, 2005. The summary includes payment amounts, outstanding balances, and realized losses, as calculated under the Pooling and Servicing Agreement. No realized losses are reported for this period, and all distributions were made according to the agreement's terms.

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EX-10.1 2 f07714bexv10w1.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 2004-12 RECORD DATE: FEBRUARY 28, 2005 DISTRIBUTION DATE: MARCH 21, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Class CUSIP Description Rate Certificate Balance Distribution Distribution - ----- --------- ----------- ------------ ------------------- ------------ ------------- A-1 81744FFY8 SEN 2.86813% 372,778,208.02 890,980.30 6,126,672.87 A-2 81744FFZ5 SEN 3.04000% 201,771,788.19 511,155.20 7,818,863.10 A-3 81744FGZ9 SEN 3.07000% 207,201,121.56 530,089.54 5,071,142.02 X-A1 81744FGC5 IO 0.57400% 0.00 274,823.81 0.00 X-A2 81744FGD3 IO 0.76179% 0.00 131,537.23 0.00 X-B 81744FGF8 IO 0.20677% 0.00 2,110.65 0.00 B-1 81744FGG6 SUB 3.09813% 8,588,000.00 22,172.28 0.00 B-2 81744FGH4 SUB 3.44813% 6,134,000.00 17,625.69 0.00 B-3 81744FGJ0 SUB 3.84813% 3,680,000.00 11,800.93 0.00 B-4 81744FGK7 SUB 3.50242% 2,453,000.00 7,159.52 0.00 B-5 81744FGK7 SUB 3.50242% 920,000.00 2,685.19 0.00 B-6 81744FGL5 SUB 3.50242% 2,762,778.00 8,063.67 0.00 A-R 81744FGE1 RES 3.66659% 0.00 0.57 0.00 -------------- ------------ ------------- Totals 806,288,895.77 2,410,204.58 19,016,677.99 -------------- ------------ ------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ----- --------- ------------- ------------------ ------------- ------------- A-1 81744FFY8 0.00 366,651,535.15 7,017,653.17 0.00 A-2 81744FFZ5 0.00 193,952,925.09 8,330,018.30 0.00 A-3 81744FGZ9 0.00 202,129,979.55 5,601,231.56 0.00 X-A1 81744FGC5 0.00 0.00 274,823.81 0.00 X-A2 81744FGD3 0.00 0.00 131,537.23 0.00 X-B 81744FGF8 0.00 0.00 2,110.65 0.00 B-1 81744FGG6 0.00 8,588,000.00 22,172.28 0.00 B-2 81744FGH4 0.00 6,134,000.00 17,625.69 0.00 B-3 81744FGJ0 0.00 3,680,000.00 11,800.93 0.00 B-4 81744FGK7 0.00 2,453,000.00 7,159.52 0.00 B-5 81744FGK7 0.00 920,000.00 2,685.19 0.00 B-6 81744FGL5 0.00 2,762,778.00 8,063.67 0.00 A-R 81744FGE1 0.00 0.00 0.57 0.00 ---- -------------- ------------- ---- Totals 0.00 787,272,217.79 21,426,882.57 0.00 ---- -------------- ------------- ----
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) ----- -------------- -------------- ------------- ------------- --------- -------- A-1 380,510,000.00 372,778,208.02 2,806.97 6,123,865.90 0.00 0.00 A-2 208,392,000.00 201,771,788.19 491.88 7,818,371.22 0.00 0.00 A-3 218,330,615.00 207,201,121.56 0.00 5,071,142.02 0.00 0.00 X-A1 0.00 0.00 0.00 0.00 0.00 0.00 X-A2 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,588,000.00 8,588,000.00 0.00 0.00 0.00 0.00 B-2 6,134,000.00 6,134,000.00 0.00 0.00 0.00 0.00 B-3 3,680,000.00 3,680,000.00 0.00 0.00 0.00 0.00 B-4 2,453,000.00 2,453,000.00 0.00 0.00 0.00 0.00 B-5 920,000.00 920,000.00 0.00 0.00 0.00 0.00 B-6 2,762,778.00 2,762,778.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- Totals 831,770,493.00 806,288,895.77 3,298.85 19,013,379.14 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution ----- --------------- ------------------ ------------------ --------------- A-1 6,126,672.87 366,651,535.15 0.96357924 6,126,672.87 A-2 7,818,863.10 193,952,925.09 0.93071195 7,818,863.10 A-3 5,071,142.02 202,129,979.55 0.92579769 5,071,142.02 X-A1 0.00 0.00 0.00000000 0.00 X-A2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 8,588,000.00 1.00000000 0.00 B-2 0.00 6,134,000.00 1.00000000 0.00 B-3 0.00 3,680,000.00 1.00000000 0.00 B-4 0.00 2,453,000.00 1.00000000 0.00 B-5 0.00 920,000.00 1.00000000 0.00 B-6 0.00 2,762,778.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 19,016,677.99 787,272,217.79 0.94650174 19,016,677.99 ------------- -------------- ---------- -------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ----- -------------- ------------- ------------- ------------- ---------- ---------- A-1 380,510,000.00 979.68044998 0.00737686 16.09383696 0.00000000 0.00000000 A-2 208,392,000.00 968.23192920 0.00236036 37.51761690 0.00000000 0.00000000 A-3 218,330,615.00 949.02458622 0.00000000 23.22689386 0.00000000 0.00000000 X-A1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,588,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,680,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,762,778.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 16.10121382 963.57923616 0.96357924 16.10121382 A-2 37.51997725 930.71195195 0.93071195 37.51997725 A-3 23.22689386 925.79769241 0.92579769 23.22689386 X-A1 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----- -------------- ---------------- -------------- ------------ ---------- --------- ---------- -------- A-1 380,510,000.00 2.86813% 372,778,208.02 890,980.30 0.00 0.00 0.00 0.00 A-2 208,392,000.00 3.04000% 201,771,788.19 511,155.20 0.00 0.00 0.00 0.00 A-3 218,330,615.00 3.07000% 207,201,121.56 530,089.54 0.00 0.00 0.00 0.00 X-A1 0.00 0.57400% 574,549,996.21 274,823.81 0.00 0.00 0.00 0.00 X-A2 0.00 0.76179% 207,201,121.56 131,537.23 0.00 0.00 0.00 0.00 X-B 0.00 0.20677% 18,402,000.00 3,170.84 0.00 0.00 0.00 0.00 B-1 8,588,000.00 3.09813% 8,588,000.00 22,172.28 0.00 0.00 0.00 0.00 B-2 6,134,000.00 3.44813% 6,134,000.00 17,625.69 0.00 0.00 0.00 0.00 B-3 3,680,000.00 3.84813% 3,680,000.00 11,800.93 0.00 0.00 0.00 0.00 B-4 2,453,000.00 3.50242% 2,453,000.00 7,159.52 0.00 0.00 0.00 0.00 B-5 920,000.00 3.50242% 920,000.00 2,685.19 0.00 0.00 0.00 0.00 B-6 2,762,778.00 3.50242% 2,762,778.00 8,063.67 0.00 0.00 0.00 0.00 A-R 100.00 3.66659% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- ---- Totals 831,770,493.00 2,411,264.20 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate Total Interest Interest Notational Class Distribution Shortfall Balance - ----- --------------- ---------- --------------- A-1 890,980.30 0.00 366,651,535.15 A-2 511,155.20 0.00 193,952,925.09 A-3 530,089.54 0.00 202,129,979.55 X-A1 274,823.81 0.00 560,604,460.24 X-A2 131,537.23 0.00 202,129,979.55 X-B 2,110.65 0.00 18,402,000.00 B-1 22,172.28 0.00 8,588,000.00 B-2 17,625.69 0.00 6,134,000.00 B-3 11,800.93 0.00 3,680,000.00 B-4 7,159.52 0.00 2,453,000.00 B-5 2,685.19 0.00 920,000.00 B-6 8,063.67 0.00 2,762,778.00 A-R 0.57 0.00 0.00 ------------ ---- -------------- Totals 2,410,204.58 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-1 380,510,000.00 2.86813% 979.68044998 2.34154240 0.00000000 0.00000000 0.00000000 0.00000000 A-2 208,392,000.00 3.04000% 968.23192920 2.45285424 0.00000000 0.00000000 0.00000000 0.00000000 A-3 218,330,615.00 3.07000% 949.02458622 2.42792125 0.00000000 0.00000000 0.00000000 0.00000000 X-A1 0.00 0.57400% 975.62921540 0.46667155 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 0.76179% 949.02458622 0.60246810 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.20677% 1000.00000000 0.17230953 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,588,000.00 3.09813% 1000.00000000 2.58177457 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,134,000.00 3.44813% 1000.00000000 2.87344147 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,680,000.00 3.84813% 1000.00000000 3.20677446 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,453,000.00 3.50242% 1000.00000000 2.91867917 0.00000000 0.00000000 0.00000000 0.00000000 B-5 920,000.00 3.50242% 1000.00000000 2.91868478 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,762,778.00 3.50242% 1000.00000000 2.91868185 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.66659% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ---- -------------- ---------- ------------------ A-1 2.34154240 0.00000000 963.57923616 A-2 2.45285424 0.00000000 930.71195195 A-3 2.42792125 0.00000000 925.79769241 X-A1 0.46667155 0.00000000 951.94864382 X-A2 0.60246810 0.00000000 925.79769241 X-B 0.11469677 0.00000000 1000.00000000 B-1 2.58177457 0.00000000 1000.00000000 B-2 2.87344147 0.00000000 1000.00000000 B-3 3.20677446 0.00000000 1000.00000000 B-4 2.91867917 0.00000000 1000.00000000 B-5 2.91868478 0.00000000 1000.00000000 B-6 2.91868185 0.00000000 1000.00000000 A-R 5.70000000 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 21,661,176.46 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 313.20 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 21,661,489.66 Withdrawals Reimbursement for Servicer Advances 42,321.97 Payment of Service Fee 192,285.12 Payment of Interest and Principal 21,426,882.57 ------------- Total Withdrawals (Pool Distribution Amount) 21,661,489.66 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 187,292.72 Master Servicing Fee 4,992.40 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 192,285.12 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- Class X-A1 Pool 1 Comp. Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-A1 Pool 2 Comp. Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-A2 Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-B Sub Amount 1,000.00 1,060.19 1,060.19 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 1 185,600.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ---------- 1 185,600.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.058548% 0.031719% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.058548% 0.031719%
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 1 185,600.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ---------- 1 185,600.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.058548% 0.031719% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.058548% 0.031719%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 313.20
DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 1 185,600.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ---------- 1 185,600.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.092081% 0.048522% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.092081% 0.048522%
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 1 185,600.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ---------- 1 185,600.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.092081% 0.048522% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.092081% 0.048522%
DELINQUENT GROUP 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 Fixed & Mixed Arm Weighted Average Gross Coupon 3.887636% Weighted Average Net Coupon 3.512480% Weighted Average Pass-Through Rate 2.943592% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 1,732 Number of Loans Paid in Full 24 Ending Scheduled Collateral Loan Count 1,708 Beginning Scheduled Collateral Balance 599,087,775.12 Ending Scheduled Collateral Balance 585,142,239.15 Ending Actual Collateral Balance at 28-Feb-2005 585,145,838.82 Monthly P&I Constant 1,944,161.56 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 3,298.85 Unscheduled Principal 13,942,237.12
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO Underlying Certificate Balance 202,129,979.55 Underlying Certificate Interest 661,626.76 Underlying Certificate Principal 5,071,142.01
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.896238 3.871751 3.887636 Weighted Average Net Rate 3.521104 3.496555 3.512480 Weighted Average Maturity 335 339 336 Record Date 02/28/2005 02/28/2005 02/28/2005 Principal and Interest Constant 1,264,645.66 679,515.90 1,944,161.56 Beginning Loan Count 1,096 636 1,732 Loans Paid in Full 10 14 24 Ending Loan Count 1,086 622 1,708 Beginning Scheduled Balance 388,632,926.87 210,454,848.25 599,087,775.12 Ending Scheduled Balance 382,506,254.00 202,635,985.15 585,142,239.15 Scheduled Principal 2,806.97 491.88 3,298.85 Unscheduled Principal 6,123,865.90 7,818,371.22 13,942,237.12 Scheduled Interest 1,261,838.69 679,024.02 1,940,862.71 Servicing Fee 121,491.14 65,801.58 187,292.72 Master Servicing Fee 3,238.61 1,753.79 4,992.40 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 1,137,108.94 611,648.65 1,748,577.59 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 One Month Libor Loan Balance 202,449,306.05 Six Month Libor Loan Balance 180,056,947.95 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.920387% 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 95.874146% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%