Certificateholder Distribution Summary for SMT Series 2004-5 Administered by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution summary for certificateholders of the SMT Series 2004-5, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of September 30, 2004, with distributions occurring on October 20, 2004. The summary includes beginning balances, interest rates, distributions, and realized losses for each class. All calculations are made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

Read More Arrow
EX-10.1 2 f03043aexv10w1.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 2004-5 RECORD DATE: SEPTEMBER 30, 2004 DISTRIBUTION DATE: OCTOBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ------ --------- ----------- ------------ -------------- ------------ ------------- A-1 81744FBS5 SEN 2.80611% 521,542,025.68 1,219,588.18 9,530,863.64 A-2 81744FBT3 SEN 2.07125% 179,511,037.07 309,843.52 3,072,690.20 A-3 81744FCF2 SEN 1.86250% 72,435,277.81 112,425.59 1,239,874.56 X-1 81744FBU0 IO 0.80000% 0.00 149,616.25 0.00 X-2 81744FBV8 IO 0.15847% 0.00 33,271.90 0.00 X-B 81744FBX4 IO 0.39384% 0.00 7,671.00 0.00 B-1 81744FBZ9 SUB 2.29125% 14,874,000.00 28,400.04 0.00 B-2 81744FCA3 SUB 2.69125% 8,499,000.00 19,060.78 0.00 B-3 81744FCB1 SUB 2.83054% 4,674,000.00 11,024.95 0.00 B-4 81744FCC9 SUB 2.83054% 2,124,000.00 5,010.05 0.00 B-5 81744FCD7 SUB 2.83054% 2,124,000.00 5,010.05 0.00 B-6 81744FCE5 SUB 2.83054% 3,830,447.31 9,035.19 0.00 A-R 81744FBY2 RES 2.78089% 0.00 0.00 0.00 -------------- ------------ ------------- Totals 809,613,787.87 1,909,957.50 13,843,428.40 Ending Current Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ------ --------- ------------- -------------- ------------- ------------- A-1 81744FBS5 0.00 512,011,162.04 10,750,451.82 0.00 A-2 81744FBT3 0.00 176,438,346.87 3,382,533.72 0.00 A-3 81744FCF2 0.00 71,195,403.25 1,352,300.15 0.00 X-1 81744FBU0 0.00 0.00 149,616.25 0.00 X-2 81744FBV8 0.00 0.00 33,271.90 0.00 X-B 81744FBX4 0.00 0.00 7,671.00 0.00 B-1 81744FBZ9 0.00 14,874,000.00 28,400.04 0.00 B-2 81744FCA3 0.00 8,499,000.00 19,060.78 0.00 B-3 81744FCB1 0.00 4,674,000.00 11,024.95 0.00 B-4 81744FCC9 0.00 2,124,000.00 5,010.05 0.00 B-5 81744FCD7 0.00 2,124,000.00 5,010.05 0.00 B-6 81744FCE5 0.00 3,830,447.31 9,035.19 0.00 A-R 81744FBY2 0.00 0.00 0.00 0.00 ---- -------------- ------------- ---- Totals 0.00 795,770,359.47 15,753,385.90 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-1 553,000,000.00 521,542,025.68 17,997.80 9,512,865.84 0.00 0.00 A-2 185,867,000.00 179,511,037.07 1,401.25 3,071,288.95 0.00 0.00 A-3 75,000,000.00 72,435,277.81 565.42 1,239,309.14 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 X-2 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 14,874,000.00 14,874,000.00 0.00 0.00 0.00 0.00 B-2 8,499,000.00 8,499,000.00 0.00 0.00 0.00 0.00 B-3 4,674,000.00 4,674,000.00 0.00 0.00 0.00 0.00 B-4 2,124,000.00 2,124,000.00 0.00 0.00 0.00 0.00 B-5 2,124,000.00 2,124,000.00 0.00 0.00 0.00 0.00 B-6 3,830,447.31 3,830,447.31 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- --------- ------------- ---- ---- Totals 849,992,547.31 809,613,787.87 19,964.47 13,823,463.93 0.00 0.00 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------- --------------- A-1 9,530,863.64 512,011,162.04 0.92587914 9,530,863.64 A-2 3,072,690.20 176,438,346.87 0.94927204 3,072,690.20 A-3 1,239,874.56 71,195,403.25 0.94927204 1,239,874.56 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 14,874,000.00 1.00000000 0.00 B-2 0.00 8,499,000.00 1.00000000 0.00 B-3 0.00 4,674,000.00 1.00000000 0.00 B-4 0.00 2,124,000.00 1.00000000 0.00 B-5 0.00 2,124,000.00 1.00000000 0.00 B-6 0.00 3,830,447.31 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 13,843,428.40 795,770,359.47 0.93620863 13,843,428.40
(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-1 553,000,000.00 943.11397049 0.03254575 17.20228904 0.00000000 0.00000000 A-2 185,867,000.00 965.80370410 0.00753899 16.52412182 0.00000000 0.00000000 A-3 75,000,000.00 965.80370413 0.00753893 16.52412187 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 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 14,874,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,499,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,674,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,830,447.31 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 Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- ----------- ------------- ----------- --------------- A-1 17.23483479 925.87913570 0.92587914 17.23483479 A-2 16.53166081 949.27204329 0.94927204 16.53166081 A-3 16.53166080 949.27204333 0.94927204 16.53166080 X-1 0.00000000 0.00000000 0.00000000 0.00000000 X-2 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- 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-1 553,000,000.00 2.80611% 521,542,025.68 1,219,588.19 0.00 0.00 0.01 0.00 A-2 185,867,000.00 2.07125% 179,511,037.07 309,843.53 0.00 0.00 0.00 0.00 A-3 75,000,000.00 1.86250% 72,435,277.81 112,425.59 0.00 0.00 0.00 0.00 X-1 0.00 0.80000% 224,424,375.42 149,616.25 0.00 0.00 0.00 0.00 X-2 0.00 0.15847% 251,946,314.88 33,271.90 0.00 0.00 0.00 0.00 X-B 0.00 0.39384% 23,373,000.00 7,671.00 0.00 0.00 0.00 0.00 B-1 14,874,000.00 2.29125% 14,874,000.00 28,400.04 0.00 0.00 0.00 0.00 B-2 8,499,000.00 2.69125% 8,499,000.00 19,060.78 0.00 0.00 0.00 0.00 B-3 4,674,000.00 2.83054% 4,674,000.00 11,024.95 0.00 0.00 0.00 0.00 B-4 2,124,000.00 2.83054% 2,124,000.00 5,010.05 0.00 0.00 0.00 0.00 B-5 2,124,000.00 2.83054% 2,124,000.00 5,010.05 0.00 0.00 0.00 0.00 B-6 3,830,447.31 2.83054% 3,830,447.31 9,035.19 0.00 0.00 0.00 0.00 A-R 100.00 2.78089% 0.00 0.00 0.00 0.00 0.00 0.00 ------------- ------------ ---- ---- ---- ---- Totals 849,992,547.31 1,909,957.52 0.00 0.00 0.01 0.00 Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 1,219,588.18 0.00 512,011,162.04 A-2 309,843.52 0.00 176,438,346.87 A-3 112,425.59 0.00 71,195,403.25 X-1 149,616.25 0.00 216,102,432.59 X-2 33,271.90 0.00 247,633,750.12 X-B 7,671.00 0.00 23,373,000.00 B-1 28,400.04 0.00 14,874,000.00 B-2 19,060.78 0.00 8,499,000.00 B-3 11,024.95 0.00 4,674,000.00 B-4 5,010.05 0.00 2,124,000.00 B-5 5,010.05 0.00 2,124,000.00 B-6 9,035.19 0.00 3,830,447.31 A-R 0.00 0.00 0.00 ------------ ---- Totals 1,909,957.50 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-1 553,000,000.00 2.80611% 943.11397049 2.20540360 0.00000000 0.00000000 0.00000000 0.00000000 A-2 185,867,000.00 2.07125% 965.80370410 1.66701744 0.00000000 0.00000000 0.00000000 0.00000000 A-3 75,000,000.00 1.86250% 965.80370413 1.49900787 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 860.30189875 0.57353460 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.15847% 965.80370411 0.12754354 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.39384% 1000.00000000 0.32819920 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,874,000.00 2.29125% 1000.00000000 1.90937475 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,499,000.00 2.69125% 1000.00000000 2.24270855 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,674,000.00 3.83054% 1000.00000000 2.35878263 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,124,000.00 3.83054% 1000.00000000 2.35878060 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,124,000.00 3.83054% 1000.00000000 2.35878060 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,830,447.31 3.83054% 1000.00000000 2.35878196 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.78089% 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 2.20540358 0.00000000 925.87913570 A-2 1.66701738 0.00000000 949.27204329 A-3 1.49900787 0.00000000 949.27024333 X-1 0.57353460 0.00000000 828.40080420 X-2 0.12754354 0.00000000 949.27204330 X-B 0.32819920 0.00000000 1000.00000000 B-1 1.90937475 0.00000000 1000.00000000 B-2 2.24270855 0.00000000 1000.00000000 B-3 2.35878263 0.00000000 1000.00000000 B-4 2.35878060 0.00000000 1000.00000000 B-5 2.35878060 0.00000000 1000.00000000 B-6 2.35878196 0.00000000 1000.00000000 A-R 0.00000000 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 16,005,642.05 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 25,515.92 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 16,031,157.97 Withdrawals Reimbursement for Servicer Advances 18,466.43 Payment of Service Fee 259,305.64 Payment of Interest and Principal 15,753,385.90 ------------- Total Withdrawals (Pool Distribution Amount) 16,031,157.97 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 253,206.11 Master Servicing Fee 1,039.43 PMI 5,060.10 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 259,305.64 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------- --------- ----------- -------- -------- Class X-1 Sub Account 4,500.00 0.00 0.00 4,500.00 Class X-2 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 31 8,780,311.32 60 Days 3 1,120,649.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------ ------------ 34 9,900,961.30
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.334481% 1.103372% 60 Days 0.129143% 0.140826% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.463625% 1.244198%
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 31 8,780,311.32 60 Days 3 1,120,649.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------ ------------ 34 9,900,961.30
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.334481% 1.103372% 60 Days 0.129143% 0.140826% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.463625% 1.244198%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 25,515.92
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 36,125,447.31 4.25008989% 36,125,447.31 4.53968244% 95.460318% 0.000000% Class X-1 36,125,447.31 4.25008989% 36,124,447.31 4.53968244% 0.000000% 0.000000% Class X-2 36,125,447.31 4.25008989% 36,125,447.31 4.53968244% 0.000000% 0.000000% Class B-1 21,251,447.31 2.50019219% 21,251,447.31 2.67055025% 1.869132% 41.173193% Class B-2 12,752,447.31 1.50030107% 12,752,447.31 1.60252856% 1.068022% 23.526352% Class B-3 8,078,447.31 0.95041390% 8,078,447.31 1.01517319% 0.587355% 12.938248% Class B-4 5,954,447.31 0.70052936% 5,954,447.31 0.74826201% 0.266911% 5.879512% Class B-5 3,830,447.31 0.45064481% 3,830,447.31 0.48135084% 0.266911% 5.879512% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.481351% 10.603183%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 22 5,726,282.93 60 Days 3 1,120,649.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------ ------------- 25 6,846,932.91
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.357187% 1.067227% 60 Days 0.185071% 0.208859% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.542258% 1.276087%
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 22 5,726,282.93 60 Days 3 1,120,649.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------ ------------ 25 6,846,932.91
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.357187% 1.067227% 60 Days 0.185071% 0.208859% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.542258% 1.276087%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 9 3,054,028.39 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 ------ ------------ 9 3,054,028.39
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.282051% 1.178189% 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% -------- -------- 1.282051% 1.178189%
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 9 3,054,028.39 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 ------ ------------ 9 3,054,028.39
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.282051% 1.178189% 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% -------- -------- 1.282051% 1.178189%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.215256% Weighted Average Net Coupon 2.839957% Weighted Average Pass-Through Rate 2.830917% Weighted Average Maturity (Stepdown Calculation) 338 Beginning Scheduled Collateral Loan Count 2,357 Number of Loans Paid in Full 34 Ending Scheduled Collateral Loan Count 2,323 Beginning Scheduled Collateral Balance 809,613,787.87 Ending Scheduled Collateral Balance 795,770,359.47 Ending Actual Collateral Balance at 30-Sept-2004 795,770,841.48 Monthly P&I Constant 2,189,227.58 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 15,668,173.85 Ending Scheduled Balance for Premium Loans 795,770,359.47 Scheduled Principal 19,964.47 Unscheduled Principal 13,823,463.93
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description 6 Month LIBOR ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.190501 3.266554 3.215256 Weighted Average Net Rate 2.815058 2.891554 2.839957 Pass-Through Rate 2.806113 2.882315 2.830917 Weighted Average Maturity 340 333 338 Record Date 09/30/2004 09/30/2004 09/30/2004 Principal and Interest Constant 1,469,909.04 719,318.54 2,189,227.58 Beginning Loan Count 1,646 711 2,357 Loans Paid in Full 25 9 34 Ending Loan Count 1,621 702 2,323 Beginning Scheduled Balance 546,087,696.43 63,526,091.44 809,613,787.87 Ending Scheduled Balance 536,556,832.79 59,213,526.68 795,770,359.47 Scheduled Principal 17,997.80 1,966.67 19,964.47 Unscheduled Principal 9,512,865.84 4,310,598.09 13,823,463.93 Scheduled Interest 1,451,911.24 717,351.87 2,169,263.11 Servicing Fee 170,854.18 82,351.93 253,206.11 Master Servicing Fee 3,413.06 1,647.04 5,060.10 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 657.57 381.86 1,039.43 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 1,276,986.43 632,971.04 1,909,957.47 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 Six-Month Libor Loan Balance 536,556,832.79 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.505178% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group Two One-Month Libor Loan Balance 143,968,118.65 Six-Month Libor Loan Balance 115,245,408.03 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.605833% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%