SMT Series 2003-8 Certificateholder Distribution Statement by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2003-8 trust. It summarizes the interest and principal payments made to holders of various classes of certificates as of July 30, 2004, with distributions occurring on August 20, 2004. The statement details the amounts distributed, current balances, and realized losses, confirming that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses were reported for this period.

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EX-10.1 2 f01646fexv10w1.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 DATE: JULY 30, 2004 DISTRIBUTION DATE: AUGUST 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ------ --------- ----------- ----------------- -------------- ------------ ------------- A-1 81743PDX1 SEN 1.74000% 733,038,478.74 1,062,905.79 15,987,750.16 X-1 81743PDZ6 IO 0.72465% 0.00 437,619.15 0.00 A-2 81743PDY9 SEN 2.21063% 143,322,472.23 264,027.46 2,716,851.02 X-2 81743PEA0 IO 0.12566% 0.00 91,768.23 0.00 B-1 81743PED4 SUB 2.01000% 14,166,000.00 23,728.05 0.00 X-B 81743PEB8 IO 0.33532% 0.00 5,392.25 0.00 B-2 81743PEE2 SUB 2.67000% 8,304,000.00 18,476.40 0.00 B-3 81743PEF9 SUB 2.54188% 4,884,000.00 10,345.45 0.00 B-4 81743PEG7 SUB 2.54188% 2,443,000.00 5,174.84 0.00 B-5 81743PEH5 SUB 2.54188% 1,465,000.00 3,103.21 0.00 B-6 81743PEJ1 SUB 2.54188% 3,908,267.00 8,278.62 0.00 A-R 81743PEC6 RES 2.56276% 0.00 0.00 0.00 - ------ -------------- ------------ ------------- Totals 911,531,217.97 1,930,819.45 18,704,601.18 -------------- ------------ ------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ------ --------- ------------- ------------------- ------------- ------------- A-1 81743PDX1 0.00 717,050,728.58 17,050,655.95 0.00 X-1 81743PDZ6 0.00 0.00 437,619.15 0.00 A-2 81743PDY9 0.00 140,605,621.21 2,980,878.48 0.00 X-2 81743PEA0 0.00 0.00 91,768.23 0.00 B-1 81743PED4 0.00 14,166,000.00 23,728.05 0.00 X-B 81743PEB8 0.00 0.00 5,392.25 0.00 B-2 81743PEE2 0.00 8,304,000.00 18,476.40 0.00 B-3 81743PEF9 0.00 4,884,000.00 10,345.45 0.00 B-4 81743PEG7 0.00 2,443,000.00 5,174.84 0.00 B-5 81743PEH5 0.00 1,465,000.00 3,103.21 0.00 B-6 81743PEJ1 0.00 3,908,267.00 8,278.62 0.00 A-R 81743PEC6 0.00 0.00 0.00 0.00 - ------ ------------- ------------------- ------------- ------------- Totals 0.00 892,826,616.79 20,635,420.63 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-1 791,768,000.00 733,038,478.74 0.00 15,987,750.16 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 A-2 150,000,000.00 143,322,472.23 0.00 2,716,851.02 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 976,938,367.00 911,531,217.97 0.00 18,704,601.18 0.00 0.00 -------------- -------------- ------------ -------------- --------- --------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------ --------------- A-1 15,987,750.16 717,050,728.58 0.90563237 15,987,750.16 X-1 0.00 0.00 0.00000000 0.00 A-2 2,716,851.02 140,605,621.21 0.93737081 2,716,851.02 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 18,704,601.18 892,826,616.97 0.91390271 18,704,601.18 --------------- ------------------ ------------------ ---------------
(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-1 791,768,000.00 925.82483599 0.00000000 20.19246820 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 955.48314820 0.00000000 18.11234013 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 20.19246820 905.63236779 0.90563237 20.19246820 X-1 0.00000000 0.00000000 0.00000000 0.00000000 A-2 18.11234013 937.37080807 0.93737081 18.11234013 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- 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-1 791,768,000.00 1.74000% 733,038,478.74 1,062,905.79 0.00 0.00 0.00 0.00 X-1 0.00 0.72465% 724,689,220.60 437,619.16 0.00 0.00 0.00 0.00 A-2 150,000,000.00 2.21063% 143,322,472.23 264,027.46 0.00 0.00 0.00 0.00 X-2 0.00 0.12566% 876,360,950.97 91,768.23 0.00 0.00 0.00 0.00 B-1 14,166,000.00 2.01000% 14,166,000.00 23,728.05 0.00 0.00 0.00 0.00 X-B 0.00 0.33532% 22,470,000.00 6,278.84 0.00 0.00 0.00 0.00 B-2 8,304,000.00 2.67000% 8,304,000.00 18,476.40 0.00 0.00 0.00 0.00 B-3 4,884,000.00 2.54188% 4,884,000.00 10,345.45 0.00 0.00 0.00 0.00 B-4 2,443,000.00 2.54188% 2,443,000.00 5,174.84 0.00 0.00 0.00 0.00 B-5 1,465,000.00 2.54188% 1,465,000.00 3,103.21 0.00 0.00 0.00 0.00 B-6 3,908,267.00 2.54188% 3,908,267.00 8,278.62 0.00 0.00 0.00 0.00 A-R 100.00 2.56276% 0.00 0.00 0.00 0.00 0.00 0.00 - ------ -------------- ------------ ----------- ---------- ---------- ------------ Totals 976,938,367.00 1,931,706.05 0.00 0.00 0.00 0.00 -------------- ------------ ----------- ---------- ---------- ------------ Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ --------------- --------- -------------- A-1 1,062,905.79 0.00 717,050,728.58 X-1 437,619.15 0.00 697,895,158.50 A-2 264,027.46 0.00 140,605,621.21 X-2 91,768.23 0.00 857,656,349.79 B-1 23,728.05 0.00 14,166,000.00 X-B 5,392.25 0.00 22,470,000.00 B-2 18,476.40 0.00 8,304,000.00 B-3 10,345.45 0.00 4,884,000.00 B-4 5,174.84 0.00 2,443,000.00 B-5 3,103.21 0.00 1,465,000.00 B-6 8,278.62 0.00 3,908,267.00 A-R 0.00 0.00 0.00 - ------ -------------- --------- Totals 1,930,819.45 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 1.74000% 925.82483599 1.34244601 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.72465% 769.49866698 0.46467831 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 2.21063% 955.48314820 1.76018307 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.12566% 930.54866057 0.09744250 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 2.01000% 1000.00000000 1.67500000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.33532% 1000.00000000 0.27943213 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 2.67000% 1000.00000000 2.22500000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 2.54188% 1000.00000000 2.11823301 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 2.54188% 1000.00000000 2.11823168 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 2.54188% 1000.00000000 2.11823208 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 2.54188% 1000.00000000 2.11823297 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.56276% 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 1.34244601 0.00000000 905.63236779 X-1 0.46467830 0.00000000 741.04785733 A-2 1.76018307 0.00000000 937.37080807 X-2 0.09744250 0.00000000 910.68750456 B-1 1.67500000 0.00000000 1000.00000000 X-B 0.23997552 0.00000000 1000.00000000 B-2 2.22500000 0.00000000 1000.00000000 B-3 2.11823301 0.00000000 1000.00000000 B-4 2.11823168 0.00000000 1000.00000000 B-5 2.11823208 0.00000000 1000.00000000 B-6 2.11823297 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 20,882,747.80 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 54,608.44 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 20,937,356.24 Withdrawals Reimbursement for Servicer Advances 10,973.54 Payment of Service Fee 290,962.07 Payment of Interest and Principal 20,635,420.63 ------------- Total Withdrawals (Pool Distribution Amount) 20,937,356.24 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 286,784.21 Master Servicing Fee 4,177.86 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 290,962.07 =============
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 2,500.00 886.59 886.59 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------- --------------------------------- --------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 56 23,668,127.59 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 100,000.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 276,999.52 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --- ------------- -- ---- -- ---- 58 24,045,127.11 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 2.125237% 2.650918% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.037951% 0.011200% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.037951% 0.031025% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 2.201139% 2.693144% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ---------------------------------- ------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 56 23,668,127.59 60 Days 0 0.00 60 Days 1 100,000.00 90 Days 0 0.00 90 Days 1 276,999.52 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- --- ------------- 0 0.00 58 24,045,127.11 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 2.125237% 2.650918% 60 Days 0.000000% 0.000000% 60 Days 0.037951% 0.011200% 90 Days 0.000000% 0.000000% 90 Days 0.037951% 0.031025% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 2.201139% 2.693144%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 54,608.44
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 3.93920458% 96.060795% 0.000000% Class X-1 35,170,267.00 3.60004973% 35,170,267.00 3.93920458% 0.000000% 0.000000% Class X-2 35,170,267.00 3.60004973% 35,170,267.00 3.93920458% 0.000000% 0.000000% Class B-1 21,004,267.00 2.15000943% 21,004,267.00 2.35255833% 1.586646% 40.278341% Class B-2 12,700,267.00 1.30000698% 12,700,267.00 1.42247854% 0.930080% 23.610853% Class B-3 7,816,267.00 0.80007780% 7,816,267.00 0.87545183% 0.547027% 13.886730% Class B-4 5,373,267.00 0.55001085% 5,373,267.00 0.60182648% 0.273625% 6.946208% Class B-5 3,908,267.00 0.40005257% 3,908,267.00 0.43774087% 0.164086% 4.165450% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.437741% 11.112418%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 1 -- 1 MO LIBOR
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------- --------------------------------- --------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 999,999.99 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---------- -- ---- -- ---- 1 999,999.99 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.432900% 0.873821% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.432900% 0.873821% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ---------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 1 999,999.99 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ---------- 0 0.00 1 999,999.99 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.432900% 0.873821% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.432900% 0.873821%
POOL 1 -- 6 MO LIBOR
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------- --------------------------------- --------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 45 17,376,984.32 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 276,999.52 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --- ------------- -- ---- -- ---- 46 17,653,983.84 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 2.307692% 2.748743% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.051282% 0.043817% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- -------- -------- -------- -------- -------- 2.358974% 2.792560% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ---------------------------------- ------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 45 17,376,984.32 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 276,999.52 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- --- ------------- 0 0.00 46 17,653,983.84 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 2.307692% 2.748743% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.051282% 0.043817% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 2.358974% 2.792560%
POOL 2
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------- --------------------------------- --------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 10 5,291,143.28 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 100,000.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --- ------------ -- ---- -- ---- 11 5,391,143.28 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 2.202643% 3.618907% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.220264% 0.068396% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 2.422907% 3.687303% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ---------------------------------- ------------------------------------ No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 10 5,291,143.28 60 Days 0 0.00 60 Days 1 100,000.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------ 0 0.00 11 5,391,143.28 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 2.202643% 3.618907% 60 Days 0.000000% 0.000000% 60 Days 0.220264% 0.068396% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 2.422907% 3.687303%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.924900% Weighted Average Net Coupon 2.547358% Weighted Average Pass-Through Rate 2.541858% Weighted Average Maturity (Stepdown Calculation) 315 Beginning Scheduled Collateral Loan Count 2,669 Number of Loans Paid in Full 34 Ending Scheduled Collateral Loan Count 2,635 Beginning Scheduled Collateral Balance 911,531,218.92 Ending Scheduled Collateral Balance 892,826,617.74 Ending Actual Collateral Balance at 30-July-2004 892,827,434.68 Monthly P&I Constant 2,221,781.52 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 20,560,035.23 Ending Scheduled Balance for Premium Loans 892,826,617.74 Scheduled Principal 0.00 Unscheduled Principal 18,704,601.18
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 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.790654 2.950155 2.919637 2.924900 Weighted Average Net Rate 2.399848 2.574775 2.543021 2.547358 Pass-Through Rate 2.394348 2.569275 2.537521 2.541858 Weighted Average Maturity 300 317 316 316 Record Date 07/30/2004 07/30/2004 07/30/2004 07/30/2004 Principal and Interest Constant 269,374.11 1,590,067.94 362,339.47 2,221,781.52 Beginning Loan Count 234 1,977 458 2,669 Loans Paid in Full 3 27 4 34 Ending Loan Count 231 1,950 454 2,635 Beginning Scheduled Balance 115,832,678.25 646,773,407.42 148,925,133.25 911,531,218.92 Ending Scheduled Balance 114,439,870.23 632,178,465.28 146,208,282.23 892,826,617.74 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 1,392,808.02 14,594,942.14 2,716,851.02 18,704,601.18 Scheduled Interest 269,374.11 1,590,067.94 362,339.47 2,221,781.52 Servicing Fee 37,723.43 202,321.12 46,739.66 286,784.21 Master Servicing Fee 530.90 2,964.38 682.58 4,177.86 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 231,119.78 1,384,782.44 314,917.23 1,930,819.45 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 96.122820% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group Pool 1 -- 6 Mo LIBOR Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 96.237935% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%