SMT Series 2004-4 Certificateholder Distribution Summary by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Administration Agreements
Summary

This document, prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator, summarizes the distribution of principal and interest to holders of various classes of certificates for the SMT Series 2004-4 as of September 30, 2004. It details the amounts distributed, remaining balances, and interest rates for each class of certificate. The distributions are made in accordance with the Pooling and Servicing Agreement, and no realized losses are reported for this period. The report is intended for certificateholders and provides transparency on the financial status and payments related to the trust.

Read More Arrow
EX-10.1 2 f03043fexv10w1.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 2004-4 RECORD DATE: SEPTEMBER 30, 2004 DISTRIBUTION DATE: OCTOBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss - ------ --------- ----------- ------------ -------------- ------------ ------------- ------------- A 81744FBF3 SEN 1.60813% 743,502,772.71 996,374.27 22,497,729.26 0.00 X-1 81744FBG1 SEN 0.80000% 0.00 441,543.80 0.00 0.00 X-2 81744FBH9 SEN 0.68812% 0.00 426,350.43 0.00 0.00 X-B 81744FBJ5 SEN 0.55219% 0.00 10,566.11 0.00 0.00 B-1 81744FBK2 SUB 2.31125% 14,612,000.00 28,143.32 0.00 0.00 B-2 81744FBL0 SUB 2.71125% 8,350,000.00 18,865.78 0.00 0.00 B-3 81744FBM8 SUB 3.00890% 4,175,000.00 10,468.45 0.00 0.00 B-4 81744FBN6 SUB 3.00890% 2,509,000.00 6,291.10 0.00 0.00 B-5 81744FBP1 SUB 3.00890% 2,088,000.00 5,235.48 0.00 0.00 B-6 81744FBQ9 SUB 3.00890% 3,757,983.00 9,422.82 0.00 0.00 A-R 81744FBR7 RES 2.75052% 0.00 0.00 0.00 0.00 -------------- ------------ ------------- ---- Totals 778,994,755.71 1,953,261.65 22,497,729.26 0.00 -------------- ------------ ------------- ---- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - ------ --------- -------------- -------------- ------------- A 81744FBF3 721,005,043.45 23,494,103.53 0.00 X-1 81744FBG1 0.00 441,543.80 0.00 X-2 81744FBH9 0.00 426,350.43 0.00 X-B 81744FBJ5 0.00 10,566.11 0.00 B-1 81744FBK2 14,612,000.00 28,143.32 0.00 B-2 81744FBL0 8,350,000.00 18,865.78 0.00 B-3 81744FBM8 4,175,000.00 10,468.45 0.00 B-4 81744FBN6 2,509,000.00 6,291.10 0.00 B-5 81744FBP1 2,088,000.00 5,235.48 0.00 B-6 81744FBQ9 3,757,983.00 9,422.82 0.00 A-R 81744FBR7 0.00 0.00 0.00 -------------- ------------- ---- Totals 756,497,026.45 24,450,990.82 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 799,511,000.00 743,502,772.71 0.00 22,497,729.26 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 14,612,000.00 14,612,000.00 0.00 0.00 0.00 0.00 B-2 8,350,000.00 8,350,000.00 0.00 0.00 0.00 0.00 B-3 4,175,000.00 4,175,000.00 0.00 0.00 0.00 0.00 B-4 2,509,000.00 2,509,000.00 0.00 0.00 0.00 0.00 B-5 2,088,000.00 2,088,000.00 0.00 0.00 0.00 0.00 B-6 3,757,983.00 3,757,983.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- ---- Totals 835,003,083.00 778,994,755.71 0.00 22,497,729.26 0.00 0.00 -------------- -------------- ---- ------------- ---- ---- Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ ------------- -------------- ----------- --------------- A 22,497,729.26 721,005,043.45 0.90180753 22,497,729.26 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 14,612,000.00 1.00000000 0.00 B-2 0.00 8,350,000.00 1.00000000 0.00 B-3 0.00 4,175,000.00 1.00000000 0.00 B-4 0.00 2,509,000.00 1.00000000 0.00 B-5 0.00 2,088,000.00 1.00000000 0.00 B-6 0.00 3,757,983.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 22,497,729.26 756,497,026.45 0.90598112 22,497,729.26 ------------- -------------- ---------- -------------
(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 799,511,000.00 929.94689593 0.00000000 28.13936176 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 14,612,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,350,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,175,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,509,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,088,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,757,983.00 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 Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ ----------- ------------- ----------- --------------- A 28.13936176 901.80754317 0.90180753 28.13936176 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 Total Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - -------- ---------------- ----------- -------------- ------------ ---------- --------- ---------- -------- -------------- A 799,511,000.00 1.60813% 743,502,772.71 996,374.26 0.00 0.00 (0.01) 0.00 996,374.27 X-1 0.00 0.80000% 662,315,695.52 441,543.80 0.00 0.00 0.00 0.00 441,543.80 X-2 0.00 0.68812% 743,502,772.71 426,350.42 0.00 0.00 0.00 0.00 426,350.43 X-B 0.00 0.55219% 22,962,000.00 10,566.11 0.00 0.00 0.00 0.00 10,566.11 B-1 14,612,000.00 2.31125% 14,612,000.00 28,143.32 0.00 0.00 0.00 0.00 28,143.32 B-2 8,350,000.00 2.71125% 8,350,000.00 18,865.78 0.00 0.00 0.00 0.00 18,865.78 B-3 4,175,000.00 3.00890% 4,175,000.00 10,468.45 0.00 0.00 0.00 0.00 10,468.45 B-4 2,509,000.00 3.00890% 2,509,000.00 6,291.10 0.00 0.00 0.00 0.00 6,291.10 B-5 2,088,000.00 3.00890% 2,088,000.00 5,235.48 0.00 0.00 0.00 0.00 5,235.48 B-6 3,757,983.00 3.00890% 3,757,983.00 9,422.82 0.00 0.00 0.00 0.00 9,422.82 A-R 100.00 2.75052% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ----- ---- ------------ Totals 835,003,083.00 1,953,261.54 0.00 0.00 (0.01) 0.00 1,953,261.56 -------------- ------------ ----- ---- ------------ Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - -------- --------- -------------- A 0.00 721,005,043.45 X-1 0.00 637,709,845.26 X-2 0.00 721,005,043.45 X-B 0.00 22,962,000.00 B-1 0.00 14,612,000.00 B-2 0.00 8,350,000.00 B-3 0.00 4,175,000.00 B-4 0.00 2,509,000.00 B-5 0.00 2,088,000.00 B-6 0.00 3,757,983.00 A-R 0.00 0.00 ---- Totals 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 799,511,000.00 1.60813% 929.94689593 1.24622958 0.00000000 0.00000000 (0.00000001) 0.00000000 X-1 0.00 0.80000% 828.40097950 0.55226732 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.68812% 929.94689593 0.53326398 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.55219% 1000.00000000 0.46015635 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,612,000.00 2.31125% 1000.00000000 1.92604161 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,350,000.00 2.71125% 1000.00000000 2.25937485 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,175,000.00 3.00890% 1000.00000000 2.50741317 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,509,000.00 3.00890% 1000.00000000 2.50741331 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,088,000.00 3.00890% 1000.00000000 2.50741379 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,757,983.00 3.00890% 1000.00000000 2.50741422 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.75052% 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 1.24622960 0.00000000 901.80753417 X-1 0.55226732 0.00000000 797.62485477 X-2 0.53326400 0.00000000 901.80753417 X-B 0.46015635 0.00000000 1000.00000000 B-1 1.92604161 0.00000000 1000.00000000 B-2 2.25937485 0.00000000 1000.00000000 B-3 2.50741317 0.00000000 1000.00000000 B-4 2.50741331 0.00000000 1000.00000000 B-5 2.50741379 0.00000000 1000.00000000 B-6 2.50741422 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 24,701,232.34 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 33,457.97 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 24,734,690.31 Withdrawals Reimbursement for Servicer Advances 34,821.17 Payment of Service Fee 248,878.32 Payment of Interest and Principal 24,450,990.82 ------------- Total Withdrawals (Pool Distribution Amount) 24,734,690.31 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 (0.01) =====
SERVICING FEES Gross Servicing Fee 244,009.58 Master Servicing Fee 4,868.74 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 248,878.32 ==========
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 39 11,732,584.80 60 Days 3 597,093.09 90 Days 2 312,550.67 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------- 44 12,642,228.56 -- -------------
No. of Principal Loans Balance --------- ------------- 0-29 Days 0.000000% 0.000000% 30 Days 1.675258% 1.550917% 60 Days 0.128866% 0.078929% 90 Days 0.085911% 0.041316% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.890034% 1.671161% -------- --------
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 39 11,732,584.80 60 Days 3 597,093.09 90 Days 2 312,550.67 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------- 44 12,642,228.56 -- -------------
No. of Principal Loans Balance --------- ------------- 0-29 Days 0.000000% 0.000000% 30 Days 1.675258% 1.550917% 60 Days 0.128866% 0.078929% 90 Days 0.085911% 0.041316% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.890034% 1.671161% -------- --------
Current Period Class A Insufficient Funds:0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 33,457.97
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 35,491,983.00 4.25052119% 35,491,983.00 4.69162227% 95.308378% 0.000000% Class X-1 35,491,983.00 4.25052119% 35,491,983.00 4.69162227% 0.000000% 0.000000% Class X-2 35,491,983.00 4.25052119% 35,491,983.00 4.69162227% 0.000000% 0.000000% Class B-1 20,879,983.00 2.50058753% 20,879,983.00 2.76008791% 1.931534% 41.169861% Class B-2 12,529,983.00 1.50059123% 12,529,983.00 1.65631622% 1.103772% 23.526440% Class B-3 8,354,983.00 1.00059307% 8,354,983.00 1.10443038% 0.551886% 11.763220% Class B-4 5,845,983.00 0.70011514% 5,845,983.00 0.77277012% 0.331660% 7.069202% Class B-5 3,757,983.00 0.45005618% 3,757,983.00 0.49676111% 0.276009% 5.883019% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.496761% 10.588259%
Please refer to the prospectus supplement for a full description of loss exposure COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.392279% Weighted Average Net Coupon 3.016396% Weighted Average Pass-Through Rate 3.008896% Weighted Average Maturity (Stepdown Calculation) 337 Beginning Scheduled Collateral Loan Count 2,375 Number of Loans Paid in Full 47 Ending Scheduled Collateral Loan Count 2,328 Beginning Scheduled Collateral Balance 778,994,756.45 Ending Scheduled Collateral Balance 756,497,027.19 Ending Actual Collateral Balance at 30-Sept-2004 756,493,551.98 Monthly P&I Constant 2,202,139.86 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 24,372,563.85 Ending Scheduled Balance for Premium Loans 756,497,027.19 Scheduled Principal 0.00 Unscheduled Principal 22,497,729.26
MISCELLANEOUS REPORTING One-Month Libor Loan Balance 103,659,986.28 Six-Month Libor Loan Balance 652,837,040.91 Prorata Senior Percentage 95.443874% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%