Certificateholder Distribution Summary for SMT Series 2004-2 Administered by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Distribution Agreements
Summary

This document is a distribution summary for certificateholders of the SMT Series 2004-2, administered by Wells Fargo Bank Minnesota, N.A. It details the principal and interest distributions, balances, and realized losses for each class of certificates as of the record date February 27, 2004, and distribution date March 22, 2004. The summary confirms that all distributions were calculated according to the Pooling and Servicing Agreement, with no realized losses reported for this period.

Read More Arrow
EX-10.1 3 f97888oexv10w1.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 2004-2 RECORD DATE: FEBRUARY 27, 2004 DISTRIBUTION DATE: MARCH 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ----------------------------------------------------------------------------------------------- A 81744FAN7 SEN 1.45000% 671,998,000.00 671,998,000.00 1,460,269.06 X-1 81744FAP2 IO 0.80000% 0.00 0.00 0.00 X-2 81744FAQ0 IO 0.74623% 0.00 0.00 0.00 X-B 81744FAR8 IO 1.27862% 0.00 0.00 0.00 B-1 81744FAT4 SUB 1.59000% 11,550,000.00 11,550,000.00 0.00 B-2 81744FAU1 SUB 2.07000% 7,000,000.00 7,000,000.00 0.00 B-3 81744FAV9 SUB 2.75456% 3,150,000.00 3,150,000.00 0.00 B-4 81744FAW7 SUB 2.75456% 1,750,000.00 1,750,000.00 0.00 B-5 81744FAX5 SUB 2.75456% 1,400,000.00 1,400,000.00 0.00 B-6 81744FAY6 SUB 2.75456% 3,150,069.00 3,150,069.00 0.00 A-R 81744FAS6 RES 2.75456% 100.00 100.00 100.00 - ----------------------------------------------------------------------------------------------- Totals 699,998,169.00 699,998,169.00 1,460,369.06 - ----------------------------------------------------------------------------------------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ---------------------------------------------------------------------------------- A 81744FAN7 0.00 670,537,730.94 2,136,933.71 0.00 X-1 81744FAP2 0.00 0.00 447,998.66 0.00 X-2 81744FAQ0 0.00 0.00 417,886.01 0.00 X-B 81744FAR8 0.00 0.00 19,765.29 0.00 B-1 81744FAT4 0.00 11,550,000.00 12,753.12 0.00 B-2 81744FAU1 0.00 7,000,000.00 10,062.50 0.00 B-3 81744FAV9 0.00 3,150,000.00 7,230.72 0.00 B-4 81744FAW7 0.00 1,750,000.00 4,017.07 0.00 B-5 81744FAX5 0.00 1,400,000.00 3,213.65 0.00 B-6 81744FAY6 0.00 3,150,069.00 7,230.88 0.00 A-R 81744FAS6 0.00 0.00 100.23 0.00 - ----------------------------------------------------------------------------- Totals 0.00 698,537,799.94 3,067,191.84 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 671,998,000.00 671,998,000.00 0.00 1,460,269.06 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 11,550,000.00 11,550,000.00 0.00 0.00 0.00 0.00 B-2 7,000,000.00 7,000,000.00 0.00 0.00 0.00 0.00 B-3 3,150,000.00 3,150,000.00 0.00 0.00 0.00 0.00 B-4 1,750,000.00 1,750,000.00 0.00 0.00 0.00 0.00 B-5 1,400,000.00 1,400,000.00 0.00 0.00 0.00 0.00 B-6 3,150,069.00 3,150,069.00 0.00 0.00 0.00 0.00 A-R 100.00 100.00 0.00 100.00 0.00 0.00 - ------------------------------------------------------------------------------------- Totals 699,998,169.00 699,998,169.00 0.00 1,460,369.06 0.00 0.00 - ------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------- A 1,460,269.06 670,537,730.94 0.99782697 1,460,269.06 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 11,550,000.00 1.00000000 0.00 B-2 0.00 7,000,000.00 1.00000000 0.00 B-3 0.00 3,150,000.00 1.00000000 0.00 B-4 0.00 1,750,000.00 1.00000000 0.00 B-5 0.00 1,400,000.00 1.00000000 0.00 B-6 0.00 3,150,069.00 1.00000000 0.00 A-R 100.00 0.00 0.00000000 100.00 - ------------------------------------------------------------------------------ Totals 1,460,369.06 698,537,799.94 0.99791375 1,460,369.06 - ------------------------------------------------------------------------------
(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 671,998,000.00 1000.00000000 0.00000000 2.17302590 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 11,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 7,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,150,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,150,069.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------- A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------- A 2.17302590 997.82697410 0.99782697 2.17302590 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 1000.00000000 0.00000000 0.00000000 1000.00000000 - ------------------------------------------------------------------------------
(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 Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ---------------------------------------------------------------------------------------------- A 671,998,000.00 1.45000% 671,998,000.00 676,664.65 0.00 0.00 X-1 0.00 0.80000% 671,998,000.00 447,998.67 0.00 0.00 X-2 0.00 0.74623% 671,998,000.00 417,886.01 0.00 0.00 X-B 0.00 1.27862% 18,550,000.00 19,765.29 0.00 0.00 B-1 11,550,000.00 1.59000% 11,550,000.00 12,753.13 0.00 0.00 B-2 7,000,000.00 2.07000% 7,000,000.00 10,062.50 0.00 0.00 B-3 3,150,000.00 2.75456% 3,150,000.00 7,230.72 0.00 0.00 B-4 1,750,000.00 2.75456% 1,750,000.00 4,017.07 0.00 0.00 B-5 1,400,000.00 2.75456% 1,400,000.00 3,213.65 0.00 0.00 B-6 3,150,069.00 2.75456% 3,150,069.00 7,230.88 0.00 0.00 A-R 100.00 2.75456% 100.00 0.23 0.00 0.00 - ------------------------------------------------------------------------------------------- Totals 699,998,169.00 1,606,822.80 0.00 0.00 - ------------------------------------------------------------------------------------------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ---------------------------------------------------------------------- A 0.00 0.00 676,664.65 0.00 670,537,730.94 X-1 0.00 0.00 447,998.66 0.00 647,314,859.62 X-2 0.00 0.00 417,886.01 0.00 670,537,730.94 X-B 0.00 0.00 19,765.29 0.00 18,550,000.00 B-1 0.00 0.00 12,753.12 0.00 11,550,000.00 B-2 0.00 0.00 10,062.50 0.00 7,000,000.00 B-3 0.00 0.00 7,230.72 0.00 3,150,000.00 B-4 0.00 0.00 4,017.07 0.00 1,750,000.00 B-5 0.00 0.00 3,213.65 0.00 1,400,000.00 B-6 0.00 0.00 7,230.88 0.00 3,150,069.00 A-R 0.00 0.00 0.23 0.00 0.00 - ---------------------------------------------------------------------- Totals 0.00 0.00 1,606,822.80 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 671,998,000.00 1.45000% 1000.00000000 1.00694444 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 1000.00000000 0.66666667 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.74623% 1000.00000000 0.62185603 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.27862% 1000.00000000 1.06551429 0.00000000 0.00000000 0.00000000 0.00000000 B-1 11,550,000.00 1.59000% 1000.00000000 1.10416710 0.00000000 0.00000000 0.00000000 0.00000000 B-2 7,000,000.00 2.07000% 1000.00000000 1.43750000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,150,000.00 2.75456% 1000.00000000 2.29546667 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,750,000.00 2.75456% 1000.00000000 2.29546857 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,400,000.00 2.75456% 1000.00000000 2.29546429 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------- B-6 3,150,069.00 2.75456% 1000.00000000 2.29546718 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.75456% 1000.00000000 2.30000000 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------- Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - ---------------------------------------------------------- A 1.00694444 0.00000000 997.82697410 X-1 0.66666666 0.00000000 963.26902702 X-2 0.62185603 0.00000000 997.82697410 X-B 0.62185603 0.00000000 1000.00000000 B-1 1.10416623 0.00000000 1000.00000000 B-2 1.43750000 0.00000000 1000.00000000 B-3 2.29546667 0.00000000 1000.00000000 B-4 2.29546857 0.00000000 1000.00000000 B-5 2.29546429 0.00000000 1000.00000000 - ------------------------------------------------------ B-6 2.29546718 0.00000000 1000.00000000 A-R 2.30000000 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 3,285,776.21 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7,090.43 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 3,292,866.64 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 225,674.80 Payment of Interest and Principal 3,067,191.84 ------------ Total Withdrawals (Pool Distribution Amount) 3,292,866.64 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 220,133.15 Master Servicing Fee 5,541.65 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 225,674.80 ==========
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 8 2,350,103.20 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 1 715,000.00 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 3,065,103.20 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 0.397812% 0.336431% 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 0.049727% 0.102356% 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% ------------------- -------------------- -------------------- 0.447539% 0.438788% 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 8 2,350,103.20 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 715,000.00 120 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 3,065,103.20 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 0.397812% 0.336431% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.049727% 0.102356% 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% 0.447539% 0.438788%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7,090.43
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 28,000,069.00 4.00002032% 28,000,069.00 4.00838280% 95.991617% 0.000000% Class X-1 28,000,069.00 4.00002032% 28,000,069.00 4.00838280% 0.000000% 0.000000% Class X-2 28,000,069.00 4.00002032% 28,000,069.00 4.00838280% 0.000000% 0.000000% Class B-1 16,450,069.00 2.35001600% 16,450,069.00 2.35492897% 1.653454% 41.249898% Class B-2 9,450,069.00 1.35001339% 9,450,069.00 1.35283574% 1.002093% 24.999938% Class B-3 6,300,069.00 0.90001221% 6,300,069.00 0.90189378% 0.450942% 11.249972% Class B-4 4,550,069.00 0.65001156% 4,550,069.00 0.65137048% 0.250523% 6.249985% Class B-5 3,150,069.00 0.45001103% 3,150,069.00 0.45095183% 0.200419% 4.999988% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.450952% 11.250219%
Please refer to the prospectus supplement for a full description of loss exposure COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.141433% Weighted Average Net Coupon 2.764061% Weighted Average Pass-Through Rate 2.754561% Weighted Average Maturity (Stepdown Calculation) 344 Beginning Scheduled Collateral Loan Count 2,012 Number of Loans Paid in Full 1 Ending Scheduled Collateral Loan Count 2,011 Beginning Scheduled Collateral Balance 699,998,169.00 Ending Scheduled Collateral Balance 698,537,800.01 Ending Actual Collateral Balance at 27-Feb-2004 698,539,180.64 Monthly P&I Constant 1,832,497.60 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3,022,683.91 Ending Scheduled Balance for Premium Loans 698,537,800.01 Scheduled Principal 0.00 Unscheduled Principal 1,460,369.06
MISCELLANEOUS REPORTING One-Month Libor Loan Balance 78,529,949.92 Six-Month Libor Loan Balance 620,007,850.09 Prorata Senior Percentage 95.99980% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%