Wells Fargo Bank Minnesota, N.A. SMT Series 2003-8 Certificateholder Distribution Statement (June 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 details the principal and interest payments made to certificateholders as of the June 30, 2004 record date and July 20, 2004 distribution date. The statement lists each class of certificates, their balances, interest rates, and the amounts distributed. All calculations are made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f00740aexv10w1.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: JUNE 30, 2004 DISTRIBUTION DATE: JULY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ----------------------------------------------------------------------------------------------- A-1 81743PDX1 SEN 1.60000% 745,847,708.55 994,463.62 X-1 81743PDZ6 IO 0.72454% 0.00 454,327.39 A-2 81743PDY9 SEN 2.21063% 145,872,488.54 268,725.08 X-2 81743PEA0 IO 0.23120% 0.00 171,822.82 B-1 81743PED4 SUB 1.87000% 14,166,000.00 22,075.35 X-B 81743PEB8 IO 0.42860% 0.00 8,032.66 B-2 81743PEE2 SUB 2.53000% 8,304,000.00 17,507.60 B-3 81743PEF9 SUB 2.54251% 4,884,000.00 10,348.01 B-4 81743PEG7 SUB 2.54251% 2,443,000.00 5,176.12 B-5 81743PEH5 SUB 2.54251% 1,465,000.00 3,103.98 B-6 81743PEJ1 SUB 2.54251% 3,908,267.00 8,280.67 A-R 81743PEC6 RES 2.56363% 0.00 0.00 - ----------------------------------------------------------------------------------------------- Totals 926,890,464.09 1,963,863.30 - ----------------------------------------------------------------------------------------------- Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------------------------------------------------------------------------------------------------ A-1 12,809,229.81 0.00 733,038,478.74 13,803,693.43 0.00 X-1 0.00 0.00 0.00 454,327.39 0.00 A-2 2,550,016.31 0.00 143,322,472.23 2,818,741.39 0.00 X-2 0.00 0.00 0.00 171,822.82 0.00 B-1 0.00 0.00 14,166,000.00 22,075.35 0.00 X-B 0.00 0.00 0.00 8,032.66 0.00 B-2 0.00 0.00 8,304,000.00 17,507.60 0.00 B-3 0.00 0.00 4,884,000.00 10,348.01 0.00 B-4 0.00 0.00 2,443,000.00 5,176.12 0.00 B-5 0.00 0.00 1,465,000.00 3,103.98 0.00 B-6 0.00 0.00 3,908,267.00 8,280.67 0.00 A-R 0.00 0.00 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------- Totals 15,359,246.12 0.00 911,531,217.97 17,323,109.42 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-1 791,768,000.00 745,874,708.55 0.00 12,809,229.81 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 A-2 150,000,000.00 145,872,488.54 0.00 2,550,016.31 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 976,938,367.00 926,890,464.09 0.00 15,359,246.12 0.00 0.00 - ------------------------------------------------------------------------------------------------------------- Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------- A-1 12,809,229.81 733,038,478.74 0.92582484 12,809,229.81 X-1 0.00 0.00 0.00000000 0.00 A-2 2,550,016.31 143,322,472.23 0.95548315 2,550,016.31 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 15,359,246.12 911,531,217.97 0.93304885 15,359,246.12 - ------------------------------------------------------------------------------------
(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-1 791,768,000.00 942.00284496 0.00000000 16.17800897 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 972.48325693 0.00000000 17.00010873 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 Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----------------------------------------------------------------------------------- A-1 16.17800897 925.82483599 0.92582484 16.17800897 X-1 0.00000000 0.00000000 0.00000000 0.00000000 A-2 17.00010873 955.48314820 0.95548315 17.00010873 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 Current Certificate/ Current Unpaid Current Non-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 1.60000% 745,847,708.55 994,463.61 0.00 0.00 0.00 0.00 X-1 0.00 0.72454% 752,462,624.72 454,323.12 0.00 0.00 0.00 0.00 A-2 150,000,000.00 2.21063% 145,872,488.54 268,725.08 0.00 0.00 0.00 0.00 X-2 0.00 0.23120% 891,720,197.09 171,805.71 0.00 0.00 0.00 0.00 B-1 14,166,000.00 1.87000% 14,166,000.00 22,075.35 0.00 0.00 0.00 0.00 X-B 0.00 0.42860% 22,470,000.00 8,025.53 0.00 0.00 0.00 0.00 B-2 8,304,000.00 2.53000% 8,304,000.00 17,507.60 0.00 0.00 0.00 0.00 B-3 4,884,000.00 2.54251% 4,884,000.00 10,348.01 0.00 0.00 0.00 0.00 B-4 2,443,000.00 2.54251% 2,443,000.00 5,176.12 0.00 0.00 0.00 0.00 B-5 1,465,000.00 2.54251% 1,465,000.00 3,103.98 0.00 0.00 0.00 0.00 B-6 3,908,267.00 2.54251% 3,908,267.00 8,280.67 0.00 0.00 0.00 0.00 A-R 100.00 2.56363% 0.00 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Totals 976,938,367.00 1,963,834.78 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------------------------------------------------------ A-1 994,463.62 0.00 733,038,478.74 X-1 454,327.39 0.00 724,689,220.60 A-2 268,725.08 0.00 143,322,472.23 X-2 171,822.82 0.00 876,360,950.97 B-1 22,075.35 0.00 14,166,000.00 X-B 8,032.66 0.00 22,470,000.00 B-2 17,507.60 0.00 8,304,000.00 B-3 10,348.01 0.00 4,884,000.00 B-4 5,176.12 0.00 2,443,000.00 B-5 3,103.98 0.00 1,465,000.00 B-6 8,280.67 0.00 3,908,267.00 A-R 0.00 0.00 0.00 - ------------------------------------------------------ Totals 1,963,863.30 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 Current Beginning Unpaid Current Non-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 1.60000% 942.00284496 1.25600379 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.72454% 798.98937394 0.48241512 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 2.21063% 972.48325693 1.79150053 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.23120% 946.85760940 0.18242891 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 1.87000% 1000.00000000 1.55833333 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.42860% 1000.00000000 0.35716644 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 2.53000% 1000.00000000 2.10833333 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 2.54251% 1000.00000000 2.11875717 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 2.54251% 1000.00000000 2.11875563 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 2.54261% 1000.00000000 2.11875768 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 2.54261% 1000.00000000 2.11875750 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.56363% 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 1.25600380 0.00000000 925.82483599 X-1 0.48241965 0.00000000 769.49866698 A-2 1.79150053 0.00000000 955.48314820 X-2 0.18244708 0.00000000 930.54866057 B-1 1.55833333 0.00000000 1000.00000000 X-B 0.35748376 0.00000000 1000.00000000 B-2 2.10833333 0.00000000 1000.00000000 B-3 2.11875717 0.00000000 1000.00000000 B-4 2.11875563 0.00000000 1000.00000000 B-5 2.11875768 0.00000000 1000.00000000 B-6 2.11875750 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 17,636,171.89 Liquidations, Insurance Proceeds, Reserve Funds 28.52 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 10,973.54 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 17,647,173.95 Withdrawals Reimbursement for Servicer Advances 28,231.59 Payment of Service Fee 295,832.94 Payment of Interest and Principal 17,323,109.42 ------------- Total Withdrawals (Pool Distribution Amount) 17,647,173.95 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 291,584.68 Master Servicing Fee 4,248.26 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 295,832.94 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------------------------------------------------------------------- Class 1-A Companion Sub Account 4,000.00 11.40 11.40 4,000.00 Class 1-A NAS Sub Account 1,000.00 2.85 2.85 1,000.00 Class 2-A Companion Sub Account 2,000.00 5.70 5.70 2,000.00 Class 2-A NAS Sub Account 500.00 1.42 1.42 500.00 Class X-B Sub Account 2,000.00 7.13 7.13 2,000.00
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 9 3,159,991.26 30 Days 0 0.00 30 Days 0 0.00 60 Days 5 1,600,131.79 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 ------------------------ -------------------- -------------------- 14 4,760,123.05 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 0.337205% 0.346668% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.187336% 0.175543% 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% --------------------- -------------------- -------------------- 0.524541% 0.522210% 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 9 3,159,991.26 60 Days 0 0.00 60 Days 5 1,600,131.79 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 14 4,760,123.05 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 0.337205% 0.346668% 60 Days 0.000000% 0.000000% 60 Days 0.187336% 0.175543% 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% 0.524541% 0.522210%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 10,973.54
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 3.85837218% 96.141628% 0.000000% Class X-1 35,170,267.00 3.60004973% 35,170,267.00 3.85837218% 0.000000% 0.000000% Class X-2 35,170,267.00 3.60004973% 35,170,267.00 3.85837218% 0.000000% 0.000000% Class B-1 21,004,267.00 2.15000943% 21,004,267.00 2.30428389% 1.554088% 40.278341% Class B-2 12,700,267.00 1.30000698% 12,700,267.00 1.39328931% 0.910995% 23.610853% Class B-3 7,816,267.00 0.80007780% 7,816,267.00 0.85748758% 0.535802% 13.886730% Class B-4 5,373,267.00 0.55001085% 5,373,267.00 0.58947701% 0.268011% 6.946208% Class B-5 3,908,267.00 0.40005257% 3,908,267.00 0.42875844% 0.160719% 4.165450% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.428758% 11.112418%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------------- POOL 1--1 MO LIBOR 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 0 0.00 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 --------------------- -------------------- -------------------- 0 0.00 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 0.000000% 0.000000% 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% --------------------- -------------------- -------------------- 0.000000% 0.000000% 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 0 0.00 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 0 0.00 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 0.000000% 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% 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% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------------- POOL 1--6 MO LIBOR 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 5 2,062,512.32 30 Days 0 0.00 30 Days 0 0.00 60 Days 4 1,500,131.79 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 ------------------------ --------------------- --------------------- 9 3,562,644.11 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 0.252908% 0.318892% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.202327% 0.231940% 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% --------------------- -------------------- -------------------- 0.455235% 0.550832% 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 5 2,062,512.32 60 Days 0 0.00 60 Days 4 1,500,131.79 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 9 3,562,644.11 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 0.252908% 0.318892% 60 Days 0.000000% 0.000000% 60 Days 0.202327% 0.231940% 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% 0.455235% 0.550832%
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------------- POOL 2 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 4 1,097,478.94 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 ------------------------ ------------------ ------------------ 5 1,197,478.94 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 0.873362% 0.736931% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.218341% 0.067148% 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% --------------------- -------------------- -------------------- 1.091703% 0.804078% 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 4 1,097,478.94 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 5 1,197,478.94 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 0.873362% 0.736931% 60 Days 0.000000% 0.000000% 60 Days 0.218341% 0.067148% 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% 1.091703% 0.804078%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.925482% Weighted Average Net Coupon 2.547981% Weighted Average Pass-Through Rate 2.542481% Weighted Average Maturity (Stepdown Calculation) 316 Beginning Scheduled Collateral Loan Count 2,707 Number of Loans Paid in Full 38 Ending Scheduled Collateral Loan Count 2,669 Beginning Scheduled Collateral Balance 926,890,465.04 Ending Scheduled Collateral Balance 911,531,218.92 Ending Actual Collateral Balance at 30-June-2004 911,533,683.16 Monthly P&I Constant 2,259,667.72 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 17,248,556.52 Ending Scheduled Balance for Premium Loans 911,531,218.92 Scheduled Principal 0.00 Unscheduled Principal 15,359,246.12
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 2.789418 2.951103 2.918934 2.925482 Weighted Average Net Rate 2.398734 2.575730 2.542344 2.547981 Pass-Through Rate 2.393234 2.570230 2.536844 2.542481 Weighted Average Maturity 301 318 317 316 Record Date 06/30/2004 06/30/2004 06/30/2004 06/30/2004 Principal and Interest Constant 271,364.30 1,619,848.47 368,454.95 2,259,667.72 Beginning Loan Count 236 2,005 466 2,707 Loans Paid in Full 2 28 8 38 Ending Loan Count 234 1,977 458 2,669 Beginning Scheduled Balance 116,740,189.61 658,675,125.87 151,475,149.56 926,890,465.04 Ending Scheduled Balance 115,832,678.25 646,773,407.42 148,925,133.25 911,531,218.92 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 907,511.36 11,901,718.45 2,550,016.31 15,359,246.12 Scheduled Interest 271,364.30 1,619,848.47 368,454.95 2,259,667.72 Servicing Fee 38,007.09 206,040.98 47,536.61 291,584.68 Master Servicing Fee 535.06 3,018.94 694.26 4,248.26 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 232,822.15 1,410,788.55 320,224.08 1,963,834.78 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 96.186868% 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 96.301267% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%