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, prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator. It details the principal and interest payments made to holders of various classes of certificates as of June 30, 2004, with distributions occurring on July 20, 2004. The summary includes payment amounts, outstanding balances, and rates for each class, as well as confirmation that all calculations were 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 f00740fexv10w1.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 2004-5 RECORD DATE: JUNE 30, 2004 DISTRIBUTION DATE: JULY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ------------------------------------------------------------------------------------------------- A-1 81744FBS5 SEN 2.74680% 547,656,792.50 1,253,584.71 A-2 81744FBT3 SEN 1.54000% 185,612,569.40 238,202.79 A-3 81744FCF2 SEN 1.86250% 74,897,333.61 116,246.90 X-1 81744FBU0 IO 0.80000% 0.00 167,509.05 X-2 81744FBV8 IO 0.24499% 0.00 53,187.73 X-B 81744FBX4 IO 0.81010% 0.00 15,779.17 B-1 81744FBZ9 SUB 1.76000% 14,874,000.00 21,815.20 B-2 81744FCA3 SUB 2.16000% 8,499,000.00 15,298.20 B-3 81744FCB1 SUB 2.71555% 4,674,000.00 10,577.05 B-4 81744FCC9 SUB 2.71555% 2,124,000.00 4,806.52 B-5 81744FCD7 SUB 2.71555% 2,124,000.00 4,806.52 B-6 81744FCE5 SUB 2.71555% 3,830,447.31 8,668.13 A-R 81744FBY2 RES 2.74313% 0.00 0.00 - ------------------------------------------------------------------------------------------------- Totals 844,292,142.82 1,910,481.97 - ------------------------------------------------------------------------------------------------- Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - -------------------------------------------------------------------------------------------- A-1 6,474,156.10 0.00 541,182,636.40 7,727,740.81 0.00 A-2 3,093,483.83 0.00 182,519,085.57 3,331,686.62 0.00 A-3 1,248,265.09 0.00 73,649,068.52 1,364,511.99 0.00 X-1 0.00 0.00 0.00 167,509.05 0.00 X-2 0.00 0.00 0.00 53,187.73 0.00 X-B 0.00 0.00 0.00 15,779.17 0.00 B-1 0.00 0.00 14,874,000.00 21,815.20 0.00 B-2 0.00 0.00 8,499,000.00 15,298.20 0.00 B-3 0.00 0.00 4,674,000.00 10,577.05 0.00 B-4 0.00 0.00 2,124,000.00 4,806.52 0.00 B-5 0.00 0.00 2,124,000.00 4,806.52 0.00 B-6 0.00 0.00 3,830,447.31 8,668.13 0.00 A-R 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------- Totals 10,815,905.02 0.00 833,476,237.80 12,726,386.99 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-1 553,000,000.00 547,656,792.50 4,404.81 6,469,751.29 0.00 0.00 A-2 185,867,000.00 185,612,569.40 786.88 3,092,696.95 0.00 0.00 A-3 75,000,000.00 74,897,333.61 317.52 1,247,947.57 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 849,992,547.31 844,292,142.82 5,509.21 10,810,395.81 0.00 0.00 - --------------------------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------------------- A-1 6,474,156.10 541,182,636.40 0.97863045 6,474,156.10 A-2 3,093,483.83 185,519,085.57 0.98198758 3,093,483.83 A-3 1,248,265.09 73,649,068.52 0.98198758 1,248,265.09 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 10,815,905.02 833,476,237.80 0.98056888 10,815,905.02 - ---------------------------------------------------------------------------------------
(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-1 553,000,000.00 990.33778029 0.00796530 11.69936942 0.00000000 0.00000000 A-2 185,867,000.00 998.63111472 0.00423356 16.63930095 0.00000000 0.00000000 A-3 75,000,000.00 998.63111480 0.00423360 16.63930093 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 11.70733472 978.63044557 0.97863045 11.70733472 A-2 16.64353452 981.98758021 0.98198758 16.64353452 A-3 16.64353453 981.98758027 0.98198758 16.64353453 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 2.74680% 547,656,792.50 1,253,584.72 0.00 0.00 0.00 0.00 A-2 185,867,000.00 1.54000% 185,612,569.40 238,202.80 0.00 0.00 0.00 0.00 A-3 75,000,000.00 1.86250% 74,897,333.61 116,246.90 0.00 0.00 0.00 0.00 X-1 0.00 0.80000% 251,260,118.76 167,506.75 0.00 0.00 0.00 0.00 X-2 0.00 0.24499% 260,509,903.01 53,185.42 0.00 0.00 0.00 0.00 X-B 0.00 0.81010% 23,373,000.00 15,778.65 0.00 0.00 0.00 0.00 B-1 14,874,000.00 1.76000% 14,874,000.00 21,815.20 0.00 0.00 0.00 0.00 B-2 8,499,000.00 2.16000% 8,499,000.00 15,298.20 0.00 0.00 0.00 0.00 B-3 4,674,000.00 2.71555% 4,674,000.00 10,577.05 0.00 0.00 0.00 0.00 B-4 2,124,000.00 2.71555% 2,124,000.00 4,806.52 0.00 0.00 0.00 0.00 B-5 2,124,000.00 2.71555% 2,124,000.00 4,806.52 0.00 0.00 0.00 0.00 B-6 3,830,447.31 2.71555% 3,830,447.31 8,668.13 0.00 0.00 0.00 0.00 A-R 100.00 2.74313% 0.00 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Totals 849,992,547.31 1,910,476.86 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----------------------------------------------------------- A-1 1,253,584.71 0.00 541,182,636.40 A-2 238,202.79 0.00 182,519,085.57 A-3 116,246.90 0.00 73,649,068.52 X-1 167,509.05 0.00 241,991,897.59 X-2 53,187.73 0.00 256,168.154.09 X-B 15,779.17 0.00 23,373,000.00 B-1 21,815.20 0.00 14,874,000.00 B-2 15,298.20 0.00 8,499,000.00 B-3 10,577.05 0.00 4,674,000.00 B-4 4,806.52 0.00 2,124,000.00 B-5 4,806.52 0.00 2,124,000.00 B-6 8,668.13 0.00 3,830,447.31 A-R 0.00 0.00 0.00 - ----------------------------------------------------------- Totals 1,910,481.97 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 2.74680% 990.33778029 2.26688014 0.00000000 0.00000000 0.00000000 0.00000000 A-2 185,867,000.00 1.54000% 998.63111472 1.28157661 0.00000000 0.00000000 0.00000000 0.00000000 A-3 75,000,000.00 1.86250% 998.63111480 1.54995867 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 963.17325978 0.64211552 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.24499% 998.63111474 0.20387945 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.81010% 1000.00000000 0.67508022 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,874,000.00 1.76000% 1000.00000000 1.46666667 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,499,000.00 2.16000% 1000.00000000 1.80000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,674,000.00 2.71555% 1000.00000000 2.26295464 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,124,000.00 2.71555% 1000.00000000 2.26295669 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,124,000.00 2.71555% 1000.00000000 2.26285669 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,830,447.31 2.71555% 1000.00000000 2.26295503 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.74313% 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 2.26688013 0.00000000 978.63044557 A-2 1.28157656 0.00000000 981.98758021 A-3 1.54995867 0.00000000 981.98758027 X-1 0.64212434 0.00000000 927.64472927 X-2 0.20388830 0.00000000 981.98758022 X-B 0.67510247 0.00000000 1000.00000000 B-1 1.46666667 0.00000000 1000.00000000 B-2 1.80000000 0.00000000 1000.00000000 B-3 2.26295464 0.00000000 1000.00000000 B-4 2.26295669 0.00000000 1000.00000000 B-5 2.26295669 0.00000000 1000.00000000 B-6 2.26295503 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 13,005,780.47 Liquidations, Insurance Proceeds, Reserve Funds 5.14 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 17,587.42 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 13,023,373.03 Withdrawals Reimbursement for Servicer Advances 26,454.17 Payment of Service Fee 270,531.87 Payment of Interest and Principal 12,726,386.99 ------------- Total Withdrawals (Pool Distribution Amount) 13,023,373.03 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 264,043.87 Master Servicing Fee 5,276.83 PMI 1,211.17 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 270,531.87 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------------------- Class X-1 Sub Account 4,500.00 2.31 2.31 4,500.00 Class X-2 Sub Account 4,500.00 2.31 2.31 4,500.00 Class X-B Sub Account 1,000.00 0.52 0.52 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 22 7,323,931.51 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 322,000.00 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 ----------------------- -------------------- -------------------- 24 7,645,931.51 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 0.913621% 0.878719% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.083056% 0.038633% 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% --------------------- ------------------- ------------------- 0.996678% 0.917352% 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 22 7,323,931.51 60 Days 0 0.00 60 Days 2 322,000.00 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 24 7,645,931.51 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 0.913621% 0.878719% 60 Days 0.000000% 0.000000% 60 Days 0.083056% 0.038633% 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% 0.996678% 0.917352%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 17,587.42
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 36,125,447.31 4.25008989% 36,125,447.31 4.33431041% 95.665690% 0.000000% Class X-1 36,125,447.31 4.25008989% 36,125,447.31 4.33431041% 0.000000% 0.000000% Class X-2 36,125,447.31 4.25008989% 36,125,447.31 4.33431041% 0.000000% 0.000000% Class B-1 21,251,447.31 2.50019219% 21,251,447.31 2.54973643% 1.784574% 41.173193% Class B-2 12,752,447.31 1.50030107% 12,752,447.31 1.53003130% 1.019705% 23.526352% Class B-3 8,078,447.31 0.95041390% 8,078,447.31 0.96924747% 0.560784% 12.938248% Class B-4 5,954,447.31 0.70052936% 5,954,447.31 0.71441117% 0.254836% 5.879512% Class B-5 3,830,447.31 0.45064481% 3,830,447.31 0.45957487% 0.254836% 5.879512% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.459575% 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 16 4,806,035.12 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 322,000.00 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 ----------------------- ------------------ ------------------ 18 5,128,035.12 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 0.947306% 0.849530% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.118413% 0.056918% 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% -------------------- ------------------- ------------------- 1.065719% 0.906448% 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 16 4,806,035.12 60 Days 0 0.00 60 Days 2 322,000.00 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 18 5,128,035.12 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 0.947306% 0.849530% 60 Days 0.000000% 0.000000% 60 Days 0.118413% 0.056918% 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% 1.065719% 0.906448%
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 6 2,517,896.39 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 ----------------------- -------------------- -------------------- 6 2,517,896.39 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 0.834492% 0.940392% 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% -------------------- ------------------- ------------------- 0.834492% 0.940392% 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 6 2,517,896.39 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 6 2,517,896.39 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 0.834492% 0.940392% 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% 0.834492% 0.940392%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.099907% Weighted Average Net Coupon 2.724619% Weighted Average Pass-Through Rate 2.715398% Weighted Average Maturity (Stepdown Calculation) 341 Beginning Scheduled Collateral Loan Count 2,427 Number of Loans Paid in Full 19 Ending Scheduled Collateral Loan Count 2,408 Beginning Scheduled Collateral Balance 844,292,142.82 Ending Scheduled Collateral Balance 833,476,237.80 Ending Actual Collateral Balance at 30-June-2004 833,478,205.81 Monthly P&I Constant 2,186,531.86 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,644,631.61 Ending Scheduled Balance for Premium Loans 833,476,237.80 Scheduled Principal 5,509.21 Unscheduled Principal 10,810,395.81
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description 6 Month LIBOR ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.131489 3.033490 3.099907 Weighted Average Net Rate 2.756064 2.658490 2.724619 Pass-Through Rate 2.746826 2.649305 2.715398 Weighted Average Maturity 343 336 341 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal and Interest Constant 1,497,609.72 688,922.14 2,186,531.86 Beginning Loan Count 1,699 728 2,427 Loans Paid in Full 10 9 19 Ending Loan Count 1,689 719 2,408 Beginning Scheduled Balance 572,202,463.25 272,089,679.57 844,292,142.82 Ending Scheduled Balance 565,728,307.15 267,747,930.65 833,476,237.80 Scheduled Principal 4,404.81 1,104.40 5,509.21 Unscheduled Principal 6,469,751.29 4,340,644.52 10,810,395.81 Scheduled Interest 1,493,204.91 687,817.74 2,181,022.65 Servicing Fee 179,015.84 85,028.03 264,043.87 Master Servicing Fee 3,576.26 1,700.57 5,276.83 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 829.19 381.98 1,211.17 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 1,309,783.62 600,707.16 1,910,490.78 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 565,728,307.15 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.710317% 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 147,793,067.36 Six-Month Libor Loan Balance 119,954,863.29 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.744132% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%