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

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2004-5, administered by Wells Fargo Bank Minnesota, N.A. It details 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 summary includes beginning balances, distribution amounts, and ending balances for each class, as well as information on realized losses and principal reductions. All calculations are performed in accordance with the Pooling and Servicing Agreement.

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EX-10.1 2 f01646eexv10w1.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: 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 81744FBS5 SEN 2.75667% 541,182,636.40 1,243,218.84 9,525,981.97 A-2 81744FBT3 SEN 1.68000% 182,519,085.57 255,526.72 1,894,684.07 A-3 81744FCF2 SEN 1.86250% 73,649,068.52 114,309.49 764,432.20 X-1 81744FBU0 IO 0.80000% 0.00 161,327.93 0.00 X-2 81744FBV8 IO 0.16730% 0.00 35,714.14 0.00 X-B 81744FBX4 IO 0.67879% 0.00 13,221.15 0.00 B-1 81744FBZ9 SUB 1.90000% 14,874,000.00 23,550.50 0.00 B-2 81744FCA3 SUB 2.30000% 8,499,000.00 16,289.75 0.00 B-3 81744FCB1 SUB 2.72424% 4,674,000.00 10,610.92 0.00 B-4 81744FCC9 SUB 2.72424% 2,124,000.00 4,821.91 0.00 B-5 81744FCD7 SUB 2.72424% 2,124,000.00 4,821.91 0.00 B-6 81744FCE5 SUB 2.72424% 3,830,447.31 8,695.88 0.00 A-R 81744FBY2 RES 2.74361% 0.00 0.00 0.00 - ------- --------- ------- ----------- -------------- ------------ ------------- Totals 833,476,237.80 1,892,109.14 12,185,198.24 Current Ending Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss - ------- ------------- ------------------ ------------- ------------- A-1 0.00 531,656,654.43 10,769,200.81 0.00 A-2 0.00 180,624,401.50 2,150,210.79 0.00 A-3 0.00 72,884,536.32 878,841.69 0.00 X-1 0.00 0.00 161,327.93 0.00 X-2 0.00 0.00 35,714.14 0.00 X-B 0.00 0.00 13,221.15 0.00 B-1 0.00 14,874,000.00 23,550.50 0.00 B-2 0.00 8,499,000.00 16,289.75 0.00 B-3 0.00 4,674,000.00 10,610.92 0.00 B-4 0.00 2,124,000.00 4,821.91 0.00 B-5 0.00 2,124,000.00 4,821.91 0.00 B-6 0.00 3,830,447.31 8,695.88 0.00 A-R 0.00 0.00 0.00 0.00 - ------ -------- ---------------- ------------- --------- Totals 0.00 821,921,039.56 14,077,307.38 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-1 553,000,000.00 541,182,636.40 5,769.30 9,520,212.67 0.00 0.00 A-2 185,867,000.00 182,519,085.57 295.81 1,894,338.26 0.00 0.00 A-3 75,000,000.00 73,649,068.52 119.37 764,412.83 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 849,992,547.31 833,476,237.80 6,184.48 12,179,013.76 0.00 0.00 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------ --------------- A-1 9,525,981.97 531,656,654.43 0.96140444 9,525,981.97 A-2 1,894,684.07 180,624,401.50 0.97179382 1,894,684.07 A-3 764,532.20 72,884,536.32 0.97179382 764,532.20 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 12,185,198.24 821,291,039.56 0.96623322 12,185,198.24
(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-1 553,000,000.00 978.63044557 0.01043273 17.21557445 0.00000000 0.00000000 A-2 185,867,000.00 981.98758021 0.00159151 10.19217107 0.00000000 0.00000000 A-3 75,000,000.00 981.98758027 0.00159160 10.19217107 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 17.22600718 961.40443839 0.96140444 17.22600718 A-2 10.19376258 971.79381762 0.97179382 10.19376258 A-3 10.19376267 971.79381760 0.97179382 10.19376267 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 Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall - ------ -------------- ----------- -------------- ------------ ---------- --------- ------------- A-1 553,000,000.00 2.75667% 541,182,636.40 1,243,218.84 0.00 0.00 0.00 A-2 185,867,000.00 1.68000% 182,519,085.57 255,526.72 0.00 0.00 0.00 A-3 75,000,000.00 1.86250% 73,649,068.52 114,309.49 0.00 0.00 0.00 X-1 0.00 0.80000% 241,991,897.59 161,327.93 0.00 0.00 0.00 X-2 0.00 0.16730% 256,168,154.09 35,714.14 0.00 0.00 0.00 X-B 0.00 0.67879% 23,373,000.00 13,221.15 0.00 0.00 0.00 B-1 14,874,000.00 1.90000% 14,874,000.00 23,550.50 0.00 0.00 0.00 B-2 8,499,000.00 2.30000% 8,499,000.00 16,289.75 0.00 0.00 0.00 B-3 4,674,000.00 2.72424% 4,674,000.00 10,610.92 0.00 0.00 0.00 B-4 2,124,000.00 2.72424% 2,124,000.00 4,821.91 0.00 0.00 0.00 B-5 2,124,000.00 2.72424% 2,124,000.00 4,821.91 0.00 0.00 0.00 B-6 3,830,447.31 2.72424% 3,830,447.31 8,695.88 0.00 0.00 0.00 A-R 100.00 2.74361% 0.00 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- Totals 849,992,547.31 1,892,109.14 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ------ -------- -------------- --------- -------------- A-1 0.00 1,243,218.84 0.00 531,656,654.43 A-2 0.00 255,526.72 0.00 180,624,401.50 A-3 0.00 114,309.49 0.00 72,884,536.32 X-1 0.00 161,327.93 0.00 233,050,491.18 X-2 0.00 35,714.14 0.00 253,508,937.82 X-B 0.00 13,221.15 0.00 23,373,000.00 B-1 0.00 23,550.50 0.00 14,874,000.00 B-2 0.00 16,289.75 0.00 8,499,000.00 B-3 0.00 10,610.92 0.00 4,674,000.00 B-4 0.00 4,821.91 0.00 2,124,000.00 B-5 0.00 4,821.91 0.00 2,124,000.00 B-6 0.00 8,695.88 0.00 3,830,447.31 A-R 0.00 0.00 0.00 0.00 ---- -------------- ---- -------------- Totals 0.00 1,892,109.14 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
Beginning Payment of Current Certificate/ Current Unpaid Current Non-Supported Class Original Face Certificate Notional Accrued Interest Interest Interest (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall - ------ -------------- ----------- -------------- ------------ ---------- ---------- ------------- A-1 553,000,000.00 2.75667% 978.63044557 2.24813533 0.00000000 0.00000000 0.00000000 A-2 185,867,000.00 1.68000% 981.98758021 1.37478261 0.00000000 0.00000000 0.00000000 A-3 75,000,000.00 1.86250% 981.98758027 1.52412653 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 927.64472927 0.61842981 0.00000000 0.00000000 0.00000000 X-2 0.00 0.16730% 981.98758022 0.13690555 0.00000000 0.00000000 0.00000000 X-B 0.00 0.67879% 1000.00000000 0.56565909 0.00000000 0.00000000 0.00000000 B-1 14,874,000.00 1.90000% 1000.00000000 1.58333333 0.00000000 0.00000000 0.00000000 B-2 8,499,000.00 2.30000% 1000.00000000 1.91666667 0.00000000 0.00000000 0.00000000 B-3 4,674,000.00 2.72424% 1000.00000000 2.27020111 0.00000000 0.00000000 0.00000000 B-4 2,124,000.00 2.72424% 1000.00000000 2.27020245 0.00000000 0.00000000 0.00000000 B-5 2,124,000.00 2.72424% 1000.00000000 2.27020245 0.00000000 0.00000000 0.00000000 B-6 3,830,447.31 2.72424% 1000.00000000 0.27019961 0.00000000 0.00000000 0.00000000 A-R 100.00 2.74361% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Class Realized Total Interest Interest Notational (5) Loss (6) Distribution Shortfall Balance - ------ ---------- -------------- ---------- ------------- A-1 0.00000000 2.24813533 0.00000000 961.40443839 A-2 0.00000000 1.37478261 0.00000000 971.79381762 A-3 0.00000000 1.52412653 0.00000000 971.79381760 X-1 0.00000000 0.61842981 0.00000000 893.36900099 X-2 0.00000000 0.13690555 0.00000000 971.79381762 X-B 0.00000000 0.56565909 0.00000000 1000.00000000 B-1 0.00000000 1.58333333 0.00000000 1000.00000000 B-2 0.00000000 1.91666667 0.00000000 1000.00000000 B-3 0.00000000 2.27020111 0.00000000 1000.00000000 B-4 0.00000000 2.27020245 0.00000000 1000.00000000 B-5 0.00000000 2.27020245 0.00000000 1000.00000000 B-6 0.00000000 2.27019961 0.00000000 1000.00000000 A-R 0.00000000 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 14,288,300.74 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 73,677.13 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 14,361,977.87 Withdrawals Reimbursement for Servicer Advances 17,587.42 Payment of Service Fee 267,083.07 Payment of Interest and Principal 14,077,307.38 ------------- Total Withdrawals (Pool Distribution Amount) 14,361,977.87 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 260,663.56 Master Servicing Fee 5,209.23 PMI 1,210.28 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 267,083.07 ==========
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 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 94 31,177,756.42 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 178,000.00 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 -------- ------------- -------- -------- -------- -------- 95 31,355,756.42 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 3.941300% 3.796181% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.041929% 0.021673% 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% -------- -------- -------- -------- -------- -------- 3.983229% 3.817854% 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 94 31,177,756.42 60 Days 0 0.00 60 Days 1 178,000.00 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 95 31,355,756.42 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 3.941300% 3.796181% 60 Days 0.000000% 0.000000% 60 Days 0.041929% 0.021673% 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% 3.983229% 3.817854%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 73,677.13
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 36,125,447.31 4.25008989% 36,125,447.31 4.39861700% 95.601383% 0.000000% Class X-1 36,125,447.31 4.25008989% 36,125,447.31 4.39861700% 0.000000% 0.000000% Class X-2 36,125,447.31 4.25008989% 36,125,447.31 4.39861700% 0.000000% 0.000000% Class B-1 21,251,447.31 2.50019219% 21,251,447.31 2.58756595% 1.811051% 41.173193% Class B-2 12,752,447.31 1.50030107% 12,752,447.31 1.55273182% 1.034834% 23.526352% Class B-3 8,078,447.31 0.95041390% 8,078,447.31 0.98362784% 0.569104% 12.938248% Class B-4 5,954,447.31 0.70052936% 5,954,447.31 0.72501063% 0.258617% 5.879512% Class B-5 3,830,447.31 0.45064481% 3,830,447.31 0.46639341% 0.258617% 5.879512% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.466393% 10.603183%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------- ----------------------------------------- --------------------------------------- GROUP ONE 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 68 22,106,962.27 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 178,000.00 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 --------- ------------- -------- -------- -------- --------- 69 22,284,964.27 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 4.071856% 3.974617% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.059880% 0.032003% 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% --------- ------------- -------- -------- -------- --------- 4.131737% 4.006619% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - -------------------------------------- -------------------------------------------- GROUP ONE 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 68 22,106,962.27 60 Days 0 0.00 60 Days 1 178,000.00 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 69 22,284,964.27 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 4.071856% 3.974617% 60 Days 0.000000% 0.000000% 60 Days 0.059880% 0.032003% 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% 4.131737% 4.006619% DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------------- ---------------------------------------- ------------------------------------- GROUP TWO 1.183654% 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 26 9,070,792.15 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 ----- ------------ ----- ---------- ----- -------- 26 9,070,792.15 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 3.636364% 3.421791% 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% -------- ------------ -------- ---------- -------- -------- 3.636364% 3.421791% 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 26 9,070,792.15 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 26 9,070,792.15 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 3.636364% 3.421791% 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% 3.636364% 3.421791%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.108704% Weighted Average Net Coupon 2.733412% Weighted Average Pass-Through Rate 2.724170% Weighted Average Maturity (Stepdown Calculation) 340 Beginning Scheduled Collateral Loan Count 2,408 Number of Loans Paid in Full 23 Ending Scheduled Collateral Loan Count 2,385 Beginning Scheduled Collateral Balance 833,476,237.80 Ending Scheduled Collateral Balance 821,291,039.56 Ending Actual Collateral Balance at 30-July-2004 821,292,701.38 Monthly P&I Constant 2,165,376.66 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 13,995,295.37 Ending Scheduled Balance for Premium Loans 821,291,039.56 Scheduled Principal 6,184.48 Unscheduled Principal 12,179,013.76
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description 6 Month LIBOR ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.141357 3.039710 3.108704 Weighted Average Net Rate 2.765928 2.664709 2.733412 Pass-Through Rate 2.756671 2.655498 2.724170 Weighted Average Maturity 342 335 340 Record Date 07/30/2004 07/30/2004 07/30/2004 Principal and Interest Constant 1,486,731.53 678,645.13 2,165,376.66 Beginning Loan Count 1,689 719 2,408 Loans Paid in Full 19 4 23 Ending Loan Count 1,670 715 2,385 Beginning Scheduled Balance 565,728,307.15 267,747,930.65 833,476,237.80 Ending Scheduled Balance 556,202,328.18 265,088,714.38 821,291,039.56 Scheduled Principal 5,769.30 415.18 6,184.48 Unscheduled Principal 9,520,212.67 2,658,801.09 12,179,013.76 Scheduled Interest 1,480,962.23 678,229.95 2,159,192.18 Servicing Fee 176,992.31 83,671.25 260,663.56 Master Servicing Fee 3,535.80 1,673.43 5,209.23 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 828.33 381.95 1,210.28 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 1,299,605.79 592,503.32 1,892,109.11 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 556,202,325.18 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.661226% 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 145,192,042.92 Six-Month Libor Loan Balance 119,896,671.46 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.675120% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%