Wells Fargo Bank Minnesota, N.A. SMT Series 2004-3 Certificateholder Distribution Statement (March 31, 2005)

Contract Categories: Business Finance › Trust Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2004-3 trust. It details the interest and principal payments made to certificateholders as of March 31, 2005, including the amounts distributed, outstanding balances, and any realized losses. The statement confirms that all distributions were calculated according to the Pooling and Servicing Agreement, and provides a breakdown by certificate class. No realized losses or interest shortfalls were reported for this period.

Read More Arrow
EX-10.1 2 f08872aexv10w1.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 2004-3 RECORD DATE: MARCH 31, 2005 DISTRIBUTION DATE: APRIL 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Current Ending Cumulative Class Pass-Through Certificate Interest Principal Realized Certificate Total Realized Class CUSIP Description Rate Balance Distribution Distribution Loss Balance Distribution Loss - ----- --------- ----------- ------------ -------------- ------------ ------------- -------- -------------- ------------ ---------- A 81744FAZ0 SEN 3.54625% 698,494,039.80 2,064,195.42 35,760,089.31 0.00 662,733,950.49 37,824,284.73 0.00 M-1 81744FBA4 SUB 3.35000% 13,800,000.00 38,525.00 0.00 0.00 13,800,000.00 38,525.00 0.00 M-2 81744FBB2 SUB 3.75000% 9,200,000.00 28,750.00 0.00 0.00 9,200,000.00 28,750.00 0.00 M-3 81744FBC0 SUB 4.29664% 2,300,000.00 8,235.23 0.00 0.00 2,300,000.00 8,235.23 0.00 X 81744FBD8 IO 0.00000% 0.00 468,334.03 0.00 0.00 0.00 468,334.03 0.00 R 81744FBE6 RES 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ------------- ------ -------------- ------------- ------- Totals 723,794,039.80 2,608,039.68 35,760,089.31 0.00 688,033,950.49 38,368,128.99 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 Total Ending Original Face Certificate Principal Principal Realized Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ----- -------------- -------------- ------------ ------------ --------- -------- ------------- -------------- A 894,673,000.00 698,494,039.80 0.00 35,760,089.31 0.00 0.00 35,760,089.31 662,733,950.49 M-1 13,800,000.00 13,800,000.00 0.00 0.00 0.00 0.00 0.00 13,800,000.00 M-2 9,200,000.00 9,200,000.00 0.00 0.00 0.00 0.00 0.00 9,200,000.00 M-3 2,300,000.00 2,300,000.00 0.00 0.00 0.00 0.00 0.00 2,300,000.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------- ------- ------ ------------- -------------- Totals 919,973,000.00 723,794,039.80 0.00 35,760,089.31 0.00 0.00 35,760,089.31 688,033,950.49 -------------- -------------- -------- ------------- ------- ------ ------------- --------------
Ending Total Certificate Principal Class Percentage Distribution - ----- ---------- ------------ A 0.74075551 35,760,089.31 M-1 1.00000000 0.00 M-2 1.00000000 0.00 M-3 1.00000000 0.00 X 0.00000000 0.00 R 0.00000000 0.00 ----------- ------------- Totals 0.74788494 35,760,089.31 ----------- -------------
(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 Total Ending Original Face Certificate Principal Principal Realized Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- -------------- ------------- ------------ ------------ ---------- ---------- ----------- ------------- A 894,673,000.00 780.72551625 0.00000000 39.97001062 0.00000000 0.00000000 39.97001062 740.75550563 M-1 13,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 M-2 9,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 M-3 2,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Ending Total Certificate Principal Class Percentage Distribution - ----- ----------- ------------ A 0.74075551 39.97001062 M-1 1.00000000 0.00000000 M-2 1.00000000 0.00000000 M-3 1.00000000 0.00000000 X 0.00000000 0.00000000 R 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- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Total Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ----- -------------- ----------- -------------- ------------ ---------- --------- --------- --------- -------------- A 894,673,000.00 3.54625% 698,494,039.80 2,064,195.41 0.00 0.00 (0.02) 0.00 2,064,195.42 M-1 13,800,000.00 3.35000% 13,800,000.00 38,525.00 0.00 0.00 0.00 0.00 38,525.00 M-2 9,200,000.00 3.75000% 9,200,000.00 28,750.00 0.00 0.00 0.00 0.00 28,750.00 M-3 2,300,000.00 4.29664% 2,300,000.00 8,235.23 0.00 0.00 0.00 0.00 8,235.23 X 0.00 0.00000% 728,393,907.77 0.00 0.00 0.00 0.00 0.00 468,334.03 R 0.00 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ----- ---- ------------ Totals 919,973,000.00 2,139,705.64 0.00 0.00 (0.02) 0.00 2,608,039.68 -------------- ------- -------------- ------------ ---- ---- ----- ---- ------------
Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ----- --------- -------------- A 0.00 662,733,950.49 M-1 0.00 13,800,000.00 M-2 0.00 9,200,000.00 M-3 0.00 2,300,000.00 X 0.00 692,633,818.46 R 0.00 0.00 ---- Totals 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 Current Unpaid Current Non-Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Realized Total Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) Distribution - --------- --------------- ----------- ---------------- ---------- ---------- ---------- ------------- ---------- -------------- A 894,673,000.00 3.54625% 780.72551625 2.30720655 0.00000000 0.00000000 (0.00000002) 0.00000000 2.30720657 M-1 13,800,000.00 3.35000% 1000.00000000 2.79166667 0.00000000 0.00000000 0.00000000 0.00000000 2.79166667 M-2 9,200,000.00 3.75000% 1000.00000000 3.12500000 0.00000000 0.00000000 0.00000000 0.00000000 3.12500000 M-3 2,300,000.00 4.29664% 1000.00000000 3.58053478 0.00000000 0.00000000 0.00000000 0.00000000 3.58053478 X 0.00 0.00000% 791.75523351 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.50907334 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Remaining Ending Unpaid Certificate/ Interest Notational Class (5) Shortfall Balance - --------- ---------- ------------- A 0.00000000 740.75550563 M-1 0.00000000 1000.00000000 M-2 0.00000000 1000.00000000 M-3 0.00000000 1000.00000000 X 0.00000000 752.88445554 R 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 38,619,067.11 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 30,318.80 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 38,649,385.91 Withdrawals Reimbursement for Servicer Advances 49,541.87 Payment of Service Fee 231,715.05 Payment of Interest and Principal 38,368,128.99 ------------- Total Withdrawals (Pool Distribution Amount) 38,649,385.91 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 227,769.59 Master Servicing Fee 3,945.46 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 231,715.05 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------ --------- ----------- -------- ------- Reserve Fund 10,000.00 0.00 0.00 10,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT - --------------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 23 7,889,324.25 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---------- ------------ 23 7,889,324.25 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.036036% 1.139011% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 1.036036% 1.139011% -------- ------------
BANKRUPTCY - ------------------------------------ No. of Principal Loans Balance 0-29 Days 1 124,570.28 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------- ---------- 1 124,570.28 No. of Principal Loans Balance 0-29 Days 0.045045% 0.017985% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ---------- 0.045045% 0.017985% -------- ----------
FORECLOSURE - ------------------------------------ No. of Principal Loans Balance 0-29 Days 1 152,000.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 1 259,600.00 180+ Days 0 0.00 --------- ---------- 2 411,600.00 No. of Principal Loans Balance 0-29 Days 0.045045% 0.021945% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.045045% 0.037479% 180+ Days 0.000000% 0.000000% --------- ---------- 0.090090% 0.059424% --------- ----------
REO - ------------------------------------ No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------- -------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000% -------- --------
TOTAL - -------------------------------------- No. of Principal Loans Balance 0-29 Days 2 276,570.28 30 Days 23 7,889,324.25 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 1 259,600.00 180+ Days 0 0.00 ------ ------------ 26 8,425,494.53 No. of Principal Loans Balance 0-29 Days 0.090090% 0.039929% 30 Days 1.036036% 1.139011% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.045045% 0.037479% 180+ Days 0.000000% 0.000000% -------- ------------ 1.171171% 1.216420% -------- ------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 30,318.80
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 4.679378% Weighted Average Net Coupon 4.304136% Weighted Average Pass-Through Rate 4.296642% Weighted Average Maturity (Stepdown Calculation) 333 Beginning Scheduled Collateral Loan Count 2,329 Number of Loans Paid in Full 109 Ending Scheduled Collateral Loan Count 2,220 Beginning Scheduled Collateral Balance 728,393,907.77 Ending Scheduled Collateral Balance 692,633,818.46 Ending Actual Collateral Balance at 31-Mar-2005 692,647,077.89 Monthly P&I Constant 2,840,358.53 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 692,633,818.46 Scheduled Principal 0.00 Unscheduled Principal 35,760,089.31 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 4,599,867.97 Overcollateralization Amount 4,599,867.97 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00 Extra Principal Distribution Amount 0.00 Excess Cash Amount 468,334.04
MISCELLANEOUS REPORTING Applied Loss Amount 0.00 1 Month LIBOR Loan Balance 71,662,365.78 6 Month LIBOR Loan Balance 620,971,452.68 M-1 Target Amount 668,391,634.81 M-2 Target Amount 682,244,311.18 M-3 Target Amount 685,707,480.28 Senior Target Amount 647,612,620.26 Step Down Date Reached? No Trigger Event? No