Wells Fargo Bank Minnesota, N.A. SMT Series 2004-5 Certificateholder Distribution Statement (August 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 2004-5 trust. It summarizes the principal and interest payments made to certificateholders as of August 31, 2004, with distributions occurring on September 20, 2004. The statement details the amounts distributed to each class of certificate, the remaining balances, and any realized losses. All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 2 f02248eexv10w1.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 ###-###-#### FAX: (301) 315-6660 SMT SERIES 2004-5 RECORD DATE: AUGUST 31, 2004 DISTRIBUTION DATE: SEPTEMBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ----- ----- ----------- ------------ ------- ------------ ------------ A-1 81744FBS5 SEN 2.76515% 531,656,654.43 1,225,090.95 10,114,628.75 A-2 81744FBT3 SEN 1.86000% 180,624,401.50 279,967.82 1,113,364.43 A-3 81744FCF2 SEN 1.86250% 72,884,536.32 113,122.87 449,258.51 X-1 81744FBU0 IO 0.80000% 0.00 155,366.99 0.00 X-2 81744FBV8 IO 0.19181% 0.00 40,522.22 0.00 X-B 81744FBX4 IO 0.54701% 0.00 10,654.47 0.00 B-1 81744FBZ9 SUB 2.08000% 14,874,000.00 25,781.60 0.00 B-2 81744FCA3 SUB 2.48000% 8,499,000.00 17,564.60 0.00 B-3 81744FCB1 SUB 2.77246% 4,674,000.00 10,798.75 0.00 B-4 81744FCC9 SUB 2.77246% 2,124,000.00 4,907.26 0.00 B-5 81744FCD7 SUB 2.77246% 2,124,000.00 4,907.26 0.00 B-6 81744FCE5 SUB 2.77246% 3,830,447.31 8,849.81 0.00 A-R 81744FBY2 RES 2.74293% 0.00 0.00 0.00 -------------- ------------ ------------- Totals 821,291,039.56 1,897,534.60 11,677,251.69 -------------- ------------ ------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ----- ----- ------------- ------- ------------ ------------- A-1 81744FBS5 0.00 521,542,025.68 11,339,719.70 0.00 A-2 81744FBT3 0.00 179,511,037.07 1,393,332.25 0.00 A-3 81744FCF2 0.00 72,435,277.81 562,381.38 0.00 X-1 81744FBU0 0.00 0.00 155,366.99 0.00 X-2 81744FBV8 0.00 0.00 40,522.22 0.00 X-B 81744FBX4 0.00 0.00 10,654.47 0.00 B-1 81744FBZ9 0.00 14,874,000.00 25,781.60 0.00 B-2 81744FCA3 0.00 8,499,000.00 17,564.60 0.00 B-3 81744FCB1 0.00 4,674,000.00 10,798.75 0.00 B-4 81744FCC9 0.00 2,124,000.00 4,907.26 0.00 B-5 81744FCD7 0.00 2,124,000.00 4,907.26 0.00 B-6 81744FCE5 0.00 3,380,447.31 8,849.81 0.00 A-R 81744FBY2 0.00 0.00 0.00 0.00 ---- -------------- ------------- ---- Totals 0.00 809,613,787.87 13,574,786.29 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-1 553,000,000.00 531,656,654.43 12,808.72 10,101,820.03 0.00 0.00 A-2 185,867,000.00 180,624,401.50 683.79 1,112,680.64 0.00 0.00 A-3 75,000,000.00 72,884,536.32 275.92 448,982.59 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 849,992,547.31 821,291,039.56 13,768.43 11,663,483.26 0.00 0.00 -------------- -------------- --------- ------------- ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------- ------- ---------- ------------ A-1 10,114,628.75 521,542,025.68 0.94311397 10,114,628.75 A-2 1,113,364.43 179,511,037.07 0.96580370 1,113,364.43 A-3 449,258.51 72,435,277.81 0.96580370 449,258.51 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 11,677,251.69 809,613,787.87 0.95249516 11,677,251.69 ------------- -------------- ---------- -------------
(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-1 553,000,000.00 961.40443839 0.02316224 18.26730566 0.00000000 0.00000000 A-2 185,867,000.00 971.79381762 0.00367892 5.98643460 0.00000000 0.00000000 A-3 75,000,000.00 971.79381760 0.00367893 5.98643453 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 Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------- ------- ---------- ------------ A-1 18.29046790 943.11397049 0.94311397 18.29046790 A-2 5.99011352 965.80370410 0.96580370 5.99011352 A-3 5.99011347 965.80370413 0.96580370 5.99011347 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- 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-1 553,000,000.00 2.76515% 531,656,654.43 1,225,090.95 0.00 0.00 0.00 0.00 A-2 185,867,000.00 1.86000% 180,624,401.50 279,967.82 0.00 0.00 0.00 0.00 A-3 75,000,000.00 1.86250% 72,884,536.32 113,122.87 0.00 0.00 0.00 0.00 X-1 0.00 0.80000% 233,050,491.18 155,366.99 0.00 0.00 0.00 0.00 X-2 0.00 0.19181% 253,508,937.82 40,522.21 0.00 0.00 0.00 0.00 X-B 0.00 0.54701% 23,373,000.00 10,654.47 0.00 0.00 0.00 0.00 B-1 14,874,000.00 2.08000% 14,874,000.00 25,781.60 0.00 0.00 0.00 0.00 B-2 8,499,000.00 2.48000% 8,499,000.00 17,564.60 0.00 0.00 0.00 0.00 B-3 4,674,000.00 2.77246% 4,674,000.00 10,798.75 0.00 0.00 0.00 0.00 B-4 2,124,000.00 2.77246% 2,124,000.00 4,907.26 0.00 0.00 0.00 0.00 B-5 2,124,000.00 2.77246% 2,124,000.00 4,907.26 0.00 0.00 0.00 0.00 B-6 3,830,447.31 2.77246% 3,830,447.31 8,849.81 0.00 0.00 0.00 0.00 A-R 100.00 2.74293% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 849,992,547.31 1,897,534.59 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- ------------ --------- ------- A-1 1,225,090.95 0.00 521,542,025.68 A-2 279,967.82 0.00 179,511,037.07 A-3 113,122.87 0.00 72,435,277.81 X-1 155,366.99 0.00 224,424,375.42 X-2 40,522.22 0.00 251,946,314.88 X-B 10,654.47 0.00 23,373,000.00 B-1 25,781.60 0.00 14,874,000.00 B-2 17,564.60 0.00 8,499,000.00 B-3 10,798.75 0.00 4,674,000.00 B-4 4,907.26 0.00 2,124,000.00 B-5 4,907.26 0.00 2,124,000.00 B-6 8,849.81 0.00 3,830,447.31 A-R 0.00 0.00 0.00 ------------ ---- Totals 1,897,534.60 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 2.76515% 961.40443839 2.21535434 0.00000000 0.00000000 0.00000000 0.00000000 A-2 185,867,000.00 1.86000% 971.79381762 1.50628040 0.00000000 0.00000000 0.00000000 0.00000000 A-3 75,000,000.00 1.86250% 971.79381760 1.50830493 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 893.36900099 0.59557932 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.19181% 971.79381762 0.15533667 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.54701% 1000.00000000 0.45584521 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,874,000.00 2.08000% 1000.00000000 1.73333333 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,499,000.00 2.48000% 1000.00000000 2.06666667 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,674,000.00 2.77246% 1000.00000000 2.31038725 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,124,000.00 2.77246% 1000.00000000 2.31038606 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,124,000.00 2.77246% 1000.00000000 2.31038606 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,830,447.31 2.77246% 1000.00000000 2.31038552 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.74293% 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 2.21535434 0.00000000 943.11397049 A-2 1.50628040 0.00000000 965.80370410 A-3 1.50830493 0.00000000 965.80370413 X-1 0.59557932 0.00000000 860.30189875 X-2 0.15533670 0.00000000 965.80370411 X-B 0.45584521 0.00000000 1000.00000000 B-1 1.73333333 0.00000000 1000.00000000 B-2 2.06666667 0.00000000 1000.00000000 B-3 2.31038725 0.00000000 1000.00000000 B-4 2.31038606 0.00000000 1000.00000000 B-5 2.31038606 0.00000000 1000.00000000 B-6 2.31038552 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 13,893,194.98 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,466.43 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 13,911,661.41 Withdrawals Reimbursement for Servicer Advances 73,677.13 Payment of Service Fee 263,198.02 Payment of Interest and Principal 13,574,786.26 ------------- Total Withdrawals (Pool Distribution Amount) 13,911,661.41 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 256,855.42 Master Servicing Fee 1,209.54 PMI 5,133.06 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 263,198.02 ==========
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 25 7,222,087.12 60 Days 2 383,549.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 27 7,605,637.10
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.060670% 0.892039% 60 Days 0.084854% 0.047374% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.145524% 0.939414%
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 25 7,222,087.12 60 Days 2 383,549.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 27 7,605,637.10
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.060670% 0.892039% 60 Days 0.084854% 0.047374% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.145524% 0.939414%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 18,466.43
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 36,125,447.31 4.25008989% 36,125,447.31 4.46205930% 95.537941% 0.000000% Class X-1 36,125,447.31 4.25008989% 36,125,447.31 4.46205930% 0.000000% 0.000000% Class X-2 36,125,447.31 4.25008989% 36,125,447.31 4.46205930% 0.0000005 0.000000% Class B-1 21,251,447.31 2.50019219% 21,251,447.31 2.62488703% 1.837172% 41.173193% Class B-2 12,752,447.31 1.50030107% 12,752,447.31 1.57512724% 1.049760% 23.526352% Class B-3 8,078,447.31 0.95041390% 8,078,447.31 0.99781494% 0.577312% 12.938248% Class B-4 5,954,447.31 0.70052936% 5,954,447.31 0.73546763% 0.262347% 5.879512% Class B-5 3,830,447.31 0.45064481% 3,830,447.31 0.47312032% 0.262347% 5.879512% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.473120% 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 17 5,145,355.51 60 Days 2 383,549.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 19 5,528,905.49
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.032807% 0.942220% 60 Days 0.121507% 0.070236% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.154313% 1.012455%
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 17 5,145,355.51 60 Days 2 383,549.98 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 19 5,528,905.49
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.032807% 0.942220% 60 Days 0.121507% 0.070236% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.154313% 1.012455%
DELINQUENT GROUP TWO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 8 2,076,731.61 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 ---- ------------ 8 2,076,731.61
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.125176% 0.788054% 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% -------- -------- 1.125176% 0.788054%
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 8 2,076,731.61 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 --- ------------ 8 2,076,731.61
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.125176% 0.788054% 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% -------- -------- 1.125176% 0.788054%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.157077% Weighted Average Net Coupon 2.781782% Weighted Average Pass-Through Rate 2.772515% Weighted Average Maturity (Stepdown Calculation) 339 Beginning Scheduled Collateral Loan Count 2,385 Number of Loans Paid in Full 28 Ending Scheduled Collateral Loan Count 2,357 Beginning Scheduled Collateral Balance 821,291,039.56 Ending Scheduled Collateral Balance 809,613,787.87 Ending Actual Collateral Balance at 31-Aug-2004 809,615,214.77 Monthly P&I Constant 2,174,501.05 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 13,491,322.54 Ending Scheduled Balance for Premium Loans 809,613,787.87 Scheduled Principal 13,768.43 Unscheduled Principal 11,663,483.26
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description 6 Month LIBOR ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.149869 3.172201 3.157077 Weighted Average Net Rate 2.774433 2.797201 2.781782 Pass-Through Rate 2.765148 2.787972 2.772515 Weighted Average Maturity 341 334 339 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal and Interest Constant 1,472,779.11 701,721.94 2,174,501.05 Beginning Loan Count 1,670 715 2,385 Loans Paid in Full 24 4 28 Ending Loan Count 1,646 711 2,357 Beginning Scheduled Balance 556,202,325.18 265,088,714.38 821,291,039.56 Ending Scheduled Balance 546,087,696.43 263,526,091.44 809,613,787.87 Scheduled Principal 12,808.72 959.71 13,768.43 Unscheduled Principal 10,101,820.03 1,561,663.23 11,663,483.26 Scheduled Interest 1,459,970.39 700,762.23 2,160,732.62 Servicing Fee 174,015.19 82,840.23 256,855.42 Master Servicing Fee 3,476.26 1,656.80 5,133.06 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 827.65 381.89 1,209.54 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 1,281,651.29 615,883.31 1,897,534.60 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 Six-Month Libor Loan Balance 546,087,696.43 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.586917% 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 145,040,092.77 Six-Month Libor Loan Balance 118,485,998.67 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.631735% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%