Wells Fargo Bank Minnesota, N.A. SMT Series 2003-8 Certificateholder Distribution Statement (August 31, 2004)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2003-8 trust. It summarizes the payments of principal and interest made to certificateholders as of August 31, 2004, in accordance with the Pooling and Servicing Agreement. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were performed as required. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 2 f02248fexv10w1.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 2003-8 RECORD DAT-- CE: AUGUST 31, 2004 DISTRIBUTION DATE: SEPTEMBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ----- ----- ----------- ------------ ----------- ------------ ------------ A-1 81743PDX1 SEN 1.92000% 717,050,728.58 1,147,281.17 11,008,801.82 X-1 81743PDZ6 IO 0.61879% 0.00 359,877.60 0.00 A-2 81743PDY9 SEN 2.21063% 140,605,621.21 259,022.50 4,335,320.03 X-2 81743PEA0 IO 0.11370% 0.00 81,263.06 0.00 B-1 81743PED4 SUB 2.19000% 14,166,000.00 25,852.95 0.00 X-B 81743PEB8 IO 0.24908% 0.00 2,830.75 0.00 B-2 81743PEE2 SUB 2.85000% 8,304,000.00 19,722.00 0.00 B-3 81743PEF9 SUB 2.58508% 4,884,000.00 10,521.29 0.00 B-4 81743PEG7 SUB 2.58508% 2,443,000.00 5,262.80 0.00 B-5 81743PEH5 SUB 2.58508% 1,465,000.00 3,155.95 0.00 B-6 81743PEJ1 SUB 2.58508% 3,908,267.00 8,419.33 0.00 A-R 81743PEC6 RES 2.56251% 0.00 0.00 0.00 -------------- ------------ ------------- Totals 892,826,616.79 1,923,209.40 15,344,121.85 -------------- ------------ ------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ----- ----- ------------- ------------------ ------------ ------------- A-1 81743PDX1 0.00 706,041,926.76 12,156,082.99 0.00 X-1 81743PDZ6 0.00 0.00 359,877.60 0.00 A-2 81743PDY9 0.00 136,270,301.18 4,594,342.53 0.00 X-2 81743PEA0 0.00 0.00 81,263.06 0.00 B-1 81743PED4 0.00 14,166,000.00 25,852.95 0.00 X-B 81743PEB8 0.00 0.00 2,830.75 0.00 B-2 81743PEE2 0.00 8,304,000.00 19,722.00 0.00 B-3 81743PEF9 0.00 4,884,000.00 10,521.29 0.00 B-4 81743PEG7 0.00 2,443,000.00 5,262.80 0.00 B-5 81743PEH5 0.00 1,465,000.00 3,155.95 0.00 B-6 81743PEJ1 0.00 3,908,267.00 8,419.33 0.00 A-R 81743PEC6 0.00 0.00 0.00 0.00 ---- -------------- ------------- ---- Totals 0.00 877,482,494.94 17,267,331.25 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-1 791,768,000.00 717,050,728.58 0.00 11,008,801.82 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 A-2 150,000,000.00 140,605,621.21 0.00 4,335,320.03 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 B-1 14,166,000.00 14,166,000.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 B-2 8,304,000.00 8,304,000.00 0.00 0.00 0.00 0.00 B-3 4,884,000.00 4,884,000.00 0.00 0.00 0.00 0.00 B-4 2,443,000.00 2,443,000.00 0.00 0.00 0.00 0.00 B-5 1,465,000.00 1,465,000.00 0.00 0.00 0.00 0.00 B-6 3,908,267.00 3,908,267.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------- ---- ------------- ---- ---- Totals 976,938,367.00 892,826,616.79 0.00 15,344,121.85 0.00 0.00 -------------- -------------- ---- ------------- ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 11,008,801.82 706,041,926.76 0.89172829 11,008,801.82 X-1 0.00 0.00 0.00000000 0.00 A-2 4,335,320.03 136,270,301.18 0.90846867 4,335,320.03 X-2 0.00 0.00 0.00000000 0.00 B-1 0.00 14,166,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-2 0.00 8,304,000.00 1.00000000 0.00 B-3 0.00 4,884,000.00 1.00000000 0.00 B-4 0.00 2,443,000.00 1.00000000 0.00 B-5 0.00 1,465,000.00 1.00000000 0.00 B-6 0.00 3,908,267.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 15,344,121.85 877,482,494.94 0.89819637 15,344,121.85 ------------- -------------- ---------- -------------
(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-1 791,768,000.00 905.63236779 0.00000000 13.90407521 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 937.37080807 0.00000000 28.90213353 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 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 13.90407521 891.72829258 0.89172829 13.90407521 X-1 0.00000000 0.00000000 0.00000000 0.00000000 A-2 28.90213353 908.46867453 0.90846867 28.90213353 X-2 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 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-1 791,768,000.00 1.92000% 717,050,728.58 1,147,281.17 0.00 0.00 0.00 0.00 X-1 0.00 0.61879% 697,895,185.50 359,877.60 0.00 0.00 0.00 0.00 A-2 150,000,000.00 2.21063% 140,605,621.21 259,022.50 0.00 0.00 0.00 0.00 X-2 0.00 0.11370% 857,656,349.79 81,263.06 0.00 0.00 0.00 0.00 B-1 14,166,000.00 2.19000% 14,166,000.00 25,852.95 0.00 0.00 0.00 0.00 X-B 0.00 2.24908% 22,470,000.00 4,663.95 0.00 0.00 0.00 0.00 B-2 8,304,000.00 2.85000% 8,304,000.00 19,722.00 0.00 0.00 0.00 0.00 B-3 4,884,000.00 2.58508% 4,884,000.00 10,521.29 0.00 0.00 0.00 0.00 B-4 2,443,000.00 2.58508% 2,443,000.00 5,262.80 0.00 0.00 0.00 0.00 B-5 1,465,000.00 2.58508% 1,465,000.00 3,155.95 0.00 0.00 0.00 0.00 B-6 3,908,267.00 2.58508% 3,908,267.00 8,419.33 0.00 0.00 0.00 0.00 A-R 100.00 2.56251% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 976,938,367.00 1,925,042.60 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Total Unpaid Certificate/ Interest Interest Notational Class Distribution Shortfall Balance - ------ ------------ ---------- -------------- A-1 1,147,281.17 0.00 706,041,926.76 X-1 359,877.60 0.00 672,045,904.98 A-2 259,022.50 0.00 136,270,301.18 X-2 81,263.06 0.00 842,312,227.94 B-1 25,582.95 0.00 14,166,000.00 X-B 2,830.75 0.00 22,470,000.00 B-2 19,722.00 0.00 8,304,000.00 B-3 10,521.29 0.00 4,884,000.00 B-4 5,262.80 0.00 2,443,000.00 B-5 3,155.95 0.00 1,465,000.00 B-6 8,419.33 0.00 3,908,267.00 A-R 0.00 0.00 0.00 ------------ ---- Totals 1,923,209.40 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-1 791,768,000.00 1.92000% 905.63236779 1.44901179 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.61879% 741.04785733 0.38212978 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 2.21063% 937.37080807 1.72681667 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.11370% 910.68750456 0.08628777 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 2.19000% 1000.00000000 1.82500000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.24908% 1000.00000000 0.20756342 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 2.85000% 1000.00000000 2.37500000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 2.58508% 1000.00000000 2.15423628 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 2.58508% 1000.00000000 2.15423659 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 2.58508% 1000.00000000 2.15423208 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 2.58508% 1000.00000000 2.15423614 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.56251% 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 1.44901179 0.00000000 891.72829258 X-1 0.38212978 0.00000000 713.60027627 A-2 1.72681667 0.00000000 908.46867453 X-2 0.08628777 0.00000000 894.39461517 B-1 1.82500000 0.00000000 1000.00000000 X-B 0.12597908 0.00000000 1000.00000000 B-2 2.37500000 0.00000000 1000.00000000 B-3 2.15423628 0.00000000 1000.00000000 B-4 2.15423659 0.00000000 1000.00000000 B-5 2.15423208 0.00000000 1000.00000000 B-6 2.15423614 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 17,596,221.74 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 10,738.95 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 17,606,960.69 Withdrawals Reimbursement for Servicer Advances 54,608.44 Payment of Service Fee 285,021.00 Payment of Interest and Principal 17,267,331.25 ------------- Total Withdrawals (Pool Distribution Amount) 17,606,960.69 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 280,928.88 Master Servicing Fee 4,092.12 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 285,021.00 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- Class 1-A Companion Sub Account 4,000.00 0.00 0.00 4,000.00 Class 1-A NAS Sub Account 1,000.00 0.00 0.00 1,000.00 Class 2-A Companion Sub Account 2,000.00 0.00 0.00 2,000.00 Class 2-A NAS Sub Account 500.00 0.00 0.00 500.00 Class X-B Sub Account 2,500.00 1,833.23 1,833.23 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 14 4,136,710.28 60 Days 1 510,000.00 90 Days 1 100,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 16 4,746,710.28
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.537841% 0.471428% 60 Days 0.038417% 0.058121% 90 Days 0.038417% 0.011396% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.614675% 0.540945%
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 14 4,136,710.28 60 Days 1 510,000.00 90 Days 1 100,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------ ------------ 16 4,746,710.28
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.537841% 0.471428% 60 Days 0.038417% 0.058121% 90 Days 0.038417% 0.011396% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.614675% 0.540945%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 10,738.95
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 35,170,267.00 3.60004973% 35,170,267.00 4.00808759% 95.991912% 0.000000% Class X-1 35,170,267.00 3.60004973% 35,170,267.00 4.00808759% 0.000000% 0.000000% Class X-2 35,170,267.00 3.60004973% 35,170,267.00 4.00808759% 0.000000% 0.000000% Class B-1 21,004,267.00 2.15000943% 21,004,267.00 2.39369641% 1.614391% 40.278341% Class B-2 12,700,267.00 1.30000698% 12,700,267.00 1.44735275% 0.946344% 23.610853% Class B-3 7,816,267.00 0.80007780% 7,816,267.00 0.89076045% 0.556592% 13.886730% Class B-4 5,373,267.00 0.55001085% 5,373,267.00 0.61235033% 0.278410% 6.946208% Class B-5 3,908,267.00 0.40005257% 3,908,267.00 0.44539544% 0.166955% 4.165450% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.445395% 11.112418%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT POOL 1 -- 1 MO LIBOR
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
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%
DELINQUENT POOL 1 -- 6 MO LIBOR
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 9 3,081,190.30 60 Days 1 510,000.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 10 3,591,190.30
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.466321% 0.494621% 60 Days 0.051813% 0.081870% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.518135% 0.576491%
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 9 3,081,190.30 60 Days 1 510,000.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 10 3,591,190.30
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.466321% 0.494621% 60 Days 0.051813% 0.081870% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.518135% 0.576491%
DELINQUENT POOL 2
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 5 1,055,519.98 60 Days 0 0.00 90 Days 1 100,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 6 1,155,519.98
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.121076% 0.743989% 60 Days 0.000000% 0.000000% 90 Days 0.224215% 0.070486% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.345291% 0.814475%
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 5 1,055,519.98 60 Days 0 0.00 90 Days 1 100,000.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ------------ 6 1,155,519.98
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.121076% 0.743989% 60 Days 0.000000% 0.000000% 90 Days 0.224215% 0.070486% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.345291% 0.814475%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.967963% Weighted Average Net Coupon 2.590382% Weighted Average Pass-Through Rate 2.584882% Weighted Average Maturity (Stepdown Calculation) 314 Beginning Scheduled Collateral Loan Count 2,635 Number of Loans Paid in Full 32 Ending Scheduled Collateral Loan Count 2,603 Beginning Scheduled Collateral Balance 892,826,617.74 Ending Scheduled Collateral Balance 877,482,495.89 Ending Actual Collateral Balance at 31-Aug-2004 877,484,723.79 Monthly P&I Constant 2,208,230.36 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 17,189,732.95 Ending Scheduled Balance for Premium Loans 877,482,495.89 Scheduled Principal 0.00 Unscheduled Principal 15,344,121.85
GROUP POOL 1 -- 1 MO LIBOR POOL 1 -- 6 MO LIBOR POOL 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 MonthLIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.036970 2.964395 2.929379 2.967963 Weighted Average Net Rate 2.645972 2.589026 2.552734 2.590382 Pass-Through Rate 2.640472 2.583526 2.547234 2.584882 Weighted Average Maturity 299 316 315 314 Record Date 08/31/2004 08/31/2004 08/31/2004 08/31/2004 Principal and Interest Constant 289,623.37 1,561,688.73 356,916.26 2,208,230.36 Beginning Loan Count 231 1,950 454 2,635 Loans Paid in Full 4 20 8 32 Ending Loan Count 227 1,930 446 2,603 Beginning Scheduled Balance 114,439,870.23 632,178,465.28 146,208,282.23 892,826,617.74 Ending Scheduled Balance 112,672,186.07 622,937,347.62 141,872,962.20 877,482,495.89 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 1,767,684.16 9,241,117.66 4,335,320.03 15,344,121.85 Scheduled Interest 289,625.37 1,561,688.73 356,916.26 2,208,230.36 Servicing Fee 37,288.11 197,750.21 45,890.56 280,928.88 Master Servicing Fee 524.51 2,897.49 670.12 4,092.12 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 251,812.75 1,361,041.03 310,355.85 1,923,209.36 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group Pool 1 -- 1 Mo LIBOR Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 96.039796% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group Pool 1 -- 6Mo LIBOR Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 96.168028% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%