Wells Fargo Bank Minnesota, N.A. SMT Series 2004-5 Certificateholder Distribution Statement (March 31, 2005 Record Date)

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 2004-5 trust. It details the principal and interest payments made to holders of various classes of certificates as of the March 31, 2005 record date, with distributions occurring on April 20, 2005. The statement includes payment amounts, outstanding balances, and loss information for each certificate class, in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

Read More Arrow
EX-10.1 2 f08872eexv10w1.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: MARCH 31, 2005 DISTRIBUTION DATE: APRIL 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ------ --------- ----------- ----------------- -------------- ------------ A-1 81744FBS5 SEN 3.64288% 445,318,445.80 1,351,867.70 A-2 81744FBT3 SEN 3.11000% 152,409,033.76 394,993.41 A-3 81744FCF2 SEN 2.82000% 61,499,230.80 144,523.19 X-1 81744FBU0 IO 0.80000% 0.00 119,128.58 X-2 81744FBV8 IO 0.18621% 0.00 33,193.93 X-B 81744FBX4 IO 0.24771% 0.00 4,748.63 B-1 81744FBZ9 SUB 3.33000% 14,874,000.00 41,275.35 B-2 81744FCA3 SUB 3.73000% 8,499,000.00 26,417.73 B-3 81744FCB1 SUB 3.71925% 4,674,000.00 14,486.48 B-4 81744FCC9 SUB 3.71925% 2,124,000.00 6,583.07 B-5 81744FCD7 SUB 3.71925% 2,124,000.00 6.583.07 B-6 81744FCE5 SUB 3.71925% 3,830,447.31 11,871.99 A-R 81744FBY2 RES 3.07980% 0.00 0.00 -------------- ------------ Totals 695,352,157.67 2,155,673.13 -------------- ------------
Principal Current Realized Ending Certificate Total Cumulative Realized Class Distribution Loss Balance Distribution Loss - ------ ------------- ---------------- ------------------ ------------- ------------------- A-1 16,836,967.76 0.00 428,481,478.04 18,188,835.46 0.0 A-2 7,907,811.89 0.00 144,501,221.87 8,302,805.30 0.0 A-3 3,190,915.50 0.00 58,308,315.30 3,335,438.69 0.0 X-1 0.00 0.00 0.00 119,128.58 0.0 X-2 0.00 0.00 0.00 33,193.93 0.0 X-B 0.00 0.00 0.00 4,748.63 0.0 B-1 0.00 0.00 14,874,000.00 41,275.35 0.0 B-2 0.00 0.00 8,499,000.00 26,417.73 0.0 B-3 0.00 0.00 4,674,000.00 14,486.48 0.0 B-4 0.00 0.00 2,124,000.00 6,583.07 0.0 B-5 0.00 0.00 2,124,000.00 6,583.07 0.0 B-6 0.00 0.00 3,830,447.31 11,871.99 0.0 A-R 0.00 0.00 0.00 0.00 0.0 ------------- ---- -------------- ------------- --- Totals 27,935,695.15 0.00 667,416,462.52 30,091,368.28 0.0 ------------- ---- -------------- ------------- ---
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Original Face Beginning Certificate Scheduled Principal Unscheduled Principal Class Amount Balance Distribution Distribution Accretion - ------- -------------- --------------------- ------------------- --------------------- --------- A-1 553,000,000.00 445,318,445.80 245.93 16,836,721.83 0.00 A-2 185,867,000.00 152,409,033.76 143.91 7,907,667.98 0.00 A-3 75,000,000.00 61,499,230.80 58.07 3,190,857.43 0.00 X-1 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 X-B 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 B-2 8,499,000.00 8,499,000.00 0.00 0.00 0.00 B-3 4,674,000.00 4,674,000.00 0.00 0.00 0.00 B-4 2,124,000.00 2,124,000.00 0.00 0.00 0.00 B-5 2,124,000.00 2,124,000.00 0.00 0.00 0.00 B-6 3,830,447.31 3,830,447.31 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 -------------- -------------- ------ ------------- ---- Totals 849,992,547.31 695,352,157.67 447.91 27,935,247.24 0.00 ============== ============== ====== ============= ====
Realized Total Principal Total Principal Class Loss (1) Reduction Ending Certificate Balance Ending Certificate Percentage Distribution - ------- -------- --------------- ------------------------- ----------------------------- --------------- A-1 0.00 16,836,967.76 428,481,478.04 0.77483088 16,836,967.76 A-2 0.00 7,907,811.89 144,501,221.87 0.77744420 7,907,811.89 A-3 0.00 3,190,915.50 58,308,315.30 0.77744420 3,190,915.50 X-1 0.00 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 14,874,000.00 1.00000000 0.00 B-2 0.00 0.00 8,499,000.00 1.00000000 0.00 B-3 0.00 0.00 4,674,000.00 1.00000000 0.00 B-4 0.00 0.00 2,124,000.00 1.00000000 0.00 B-5 0.00 0.00 2,124,000.00 1.00000000 0.00 B-6 0.00 0.00 3,830,447.31 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 ---- ------------- -------------- ---------- ------------- Totals 0.00 27,935,695.15 667,416,462.52 0.78520272 27,935,695.15 ==== ============= ============== ========== =============
(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 Certificate Scheduled Principal Unscheduled Principal Realized Class Original Face Amount Balance Distribution Distribution Accretion Loss (3) - ------ -------------------- ------------- ------------------- --------------------- ---------- ---------- A-1 553,000,000.00 805.27747884 0.00044472 30.44615159 0.00000000 0.00000000 A-2 185,867,000.00 819.98974406 0.00077426 42.54476577 0.00000000 0.00000000 A-3 75,000,000.00 819.98974400 0.00077427 42.54476573 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
Class Total Principal Reduction Ending Certificate Balance Ending Certificate Percentage Total Principal Distribution - ------ ------------------------- -------------------------- ----------------------------- ---------------------------- A-1 30.44659631 774.83088253 0.77483088 30.44659631 A-2 42.54554004 777.44420403 0.77744420 42.54554004 A-3 42.54554000 777.44420400 0.77744420 42.54554000 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
Current Beginning Certificate/ Current Accrued Payment of Unpaid Interest Class Original Face Amount Current Certificate Rate Notional Balance Interest Interest Shortfall Shortfall - ------- -------------------- ------------------------ ---------------------- ---------------- ------------------ ----------- A-1 553,000,000.00 3.64288% 445,318,445.80 1,351,867.70 0.00 0.00 A-2 185,867,000.00 3.11000% 152,409,033.76 394,993.41 0.00 0.00 A-3 75,000,000.00 2.82000% 61,499,230.80 144,523.19 0.00 0.00 X-1 0.00 0.80000% 178,692,873.11 119,128.58 0.00 0.00 X-2 0.00 0.18621% 213,908,264.56 33,193.93 0.00 0.00 X-B 0.00 0.24771% 23,373,000.00 4,824.76 0.00 0.00 B-1 14,874,000.00 3.33000% 14,874,000.00 41,275.35 0.00 0.00 B-2 8,499,000.00 3.73000% 8,499,000.00 26,417.73 0.00 0.00 B-3 4,674,000.00 3.71925% 4,674,000.00 14,486.48 0.00 0.00 B-4 2,124,000.00 3.71925% 2,124,000.00 6,583.07 0.00 0.00 B-5 2,124,000.00 3.71925% 2,124,000.00 6,583.07 0.00 0.00 B-6 3,830,447.31 3.71925% 3,830,447.31 11,871.99 0.00 0.00 A-R 100.00 3.07980% 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- Totals 849,992,547.31 2,155,749.26 0.00 0.00 -------------- ------------ ---- ----
Non-Supported Realized Total Interest Remaining Unpaid Ending Certificate/ Class Interest Shortfall Loss (4) Distribution Interest Shortfall Notational Balance - -------- ------------------ -------- -------------- -------------------- ------------------- A-1 0.00 0.00 1,351,867.70 0.00 428,481,478.04 A-2 0.00 0.00 394,993.41 0.00 144,501,221.87 A-3 0.00 0.00 144,523.19 0.00 58,308,315.30 X-1 0.00 0.00 119,128.58 0.00 171,983,508.30 X-2 0.00 0.00 33,193.93 0.00 202,809,537.17 X-B 0.00 0.00 4,748.63 0.00 23,373,000.00 B-1 0.00 0.00 41,275.35 0.00 14,874,000.00 B-2 0.00 0.00 26,417.73 0.00 8,499,000.00 B-3 0.00 0.00 14,486.48 0.00 4,674,000.00 B-4 0.00 0.00 6,583.07 0.00 2,124,000.00 B-5 0.00 0.00 6,583.07 0.00 2,124,000.00 B-6 0.00 0.00 11,871.99 0.00 3,830,447.31 A-R 0.00 0.00 0.00 0.00 0.00 ---- ---- ------------ ---- Totals 0.00 0.00 2,155,673.13 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
Current Original Face Certificate Beginning Certificate/ Current Accrued Payment of Unpaid Class (5) Amount Rate Notional Balance Interest Interest Shortfall - --------- -------------- ------------ ---------------------- --------------- ------------------ A-1 553,000,000.00 3.64288% 805.27747884 2.44460705 0.00000000 A-2 185,867,000.00 3.11000% 819.98974406 2.12514007 0.00000000 A-3 75,000,000.00 2.82000% 819.98974400 1.92697587 0.00000000 X-1 0.00 0.80000% 684.99608272 0.45666405 0.00000000 X-2 0.00 0.18621% 819.98974405 0.12724465 0.00000000 X-B 0.00 0.24771% 1000.00000000 0.20642451 0.00000000 B-1 14,874,000.00 3.33000% 1000.00000000 2.77500000 0.00000000 B-2 8,499,000.00 3.73000% 1000.00000000 3.10833392 0.00000000 B-3 4,674,000.00 3.71925% 1000.00000000 3.09937527 0.00000000 B-4 2,124,000.00 3.71925% 1000.00000000 3.09937382 0.00000000 B-5 2,124,000.00 3.71925% 1000.00000000 3.09937382 0.00000000 B-6 3,830,447.31 3.71925% 1000.00000000 3.09937431 0.00000000 A-R 100.00 3.07980% 0.00000000 0.00000000 0.00000000
Current Interest Non-Supported Realized Total Interest Remaining Unpaid Ending Certificate/ Class (5) Shortfall Interest Shortfall Loss (6) Distribution Interest Shortfall Notational Balance - --------- ---------------- ------------------ ------------ -------------- ------------------ ------------------- A-1 0.00000000 0.00000000 0.00000000 2.44460705 0.00000000 774.83088253 A-2 0.00000000 0.00000000 0.00000000 2.12514007 0.00000000 777.44420403 A-3 0.00000000 0.00000000 0.00000000 1.92697587 0.00000000 777.44420400 X-1 0.00000000 0.00000000 0.00000000 0.45666405 0.00000000 659.27659804 X-2 0.00000000 0.00000000 0.00000000 0.12724465 0.00000000 777.44420402 X-B 0.00000000 0.00000000 0.00000000 0.20316733 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 0.00000000 2.77500000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 3.10833392 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 3.09937527 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 3.09937382 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 3.09937382 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 3.09937431 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 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 30,338,170.35 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5,433.05 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 30,343,603.40 Withdrawals Reimbursement for Servicer Advances 29,550.40 Payment of Service Fee 222,684.72 Payment of Interest and Principal 30,091,368.28 ------------- Total Withdrawals (Pool Distribution Amount) 30,343,603.40 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 217,487.88 LPMI 850.91 Master Servicing Fee 4,345.93 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 222,684.72 ==========
OTHER ACCOUNTS
Beginning Current Account Type Balance Withdrawals Current Deposits Ending 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 76.13 76.13 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT - ----------------------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 5 1,455,423.06 60 Days 1 115,184.21 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 1 133,459.57 --------- ------------ 7 1,704,066.84 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.246063% 0.218066% 60 Days 0.049213% 0.017258% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.049213% 0.019996% -------- -------- 0.344488% 0.255320%
BANKRUPTCY - ------------------------------------------- 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%
FORECLOSURE - --------------------------------------------- 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%
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 0 0.00 30 Days 5 1,455,423.06 60 Days 1 115,184.21 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 1 133,459.57 -------- ------------ 7 1,704,066.84 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.246063% 0.218066% 60 Days 0.049213% 0.017258% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.049213% 0.019996% -------- ------------ 0.344488% 0.255320%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5,433.05
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 36,125,447.31 4.25008989% 36,125,447.31 5.41272943% 94.587271% 0.000000% Class X-1 36,125,447.31 4.25008989% 36,125,447.31 5.41272943% 0.000000% 0.000000% Class X-2 36,125,447.31 4.25008989% 36,125,447.31 5.41272943% 0.000000% 0.000000% Class B-1 21,251,447.31 2.50019219% 21,251,447.31 3.18413592% 2.228594% 41.173193% Class B-2 12,752,447.31 1.50030107% 12,752,447.31 1.91071812% 1.273418% 25.526352% Class B-3 8,078,447.31 0.95041390% 8,078,447.31 1.21040576% 0.700312% 12.938248% Class B-4 5,954,447.31 0.70052936% 5,954,447.31 0.89216369% 0.318242% 5.879512% Class B-5 3,830,447.31 0.45064481% 3,830,447.31 0.57392161% 0.318242% 5.879512% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.573922% 10.603183%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP GROUP ONE
DELINQUENT - ----------------------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 3 1,184,472.96 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 1 133,459.57 -------- ------------ 4 1,317,932.53 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.210970% 0.261455% 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 0.070323% 0.029459% -------- ------------ 0.281294% 0.290914%
BANKRUPTCY - ----------------------------------------------- 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%
FORECLOSURE - ----------------------------------------------- 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%
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 0 0.00 30 Days 3 1,184,472.96 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 1 133,459.57 -------- ------------ 4 1,317,932.53 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.210970% 0.261455% 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 0.070323% 0.029459% -------- ------------ 0.281294% 0.290914%
DELINQUENT GROUP TWO - ----------------------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 2 270,950.10 60 Days 1 115,184.21 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ---------- 3 386,134.31 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.327869% 0.126381% 60 Days 0.163934% 0.053726% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ---------- 0.491803% 0.180107%
BANKRUPTCY - ------------------------------------------- 1.183654% 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%
FORECLOSURE - --------------------------------------------- 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%
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 0 0.00 30 Days 2 270,950.10 60 Days 1 115,184.21 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ---------- 3 386,134.31 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.327869% 0.126381% 60 Days 0.163934% 0.053726% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ---------- 0.491803% 0.180107%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 4.104437% Weighted Average Net Coupon 3.729109% Weighted Average Pass-Through Rate 3.720141% Weighted Average Maturity (Stepdown Calculation) 332 Beginning Scheduled Collateral Loan Count 2,103 Number of Loans Paid in Full 71 Ending Scheduled Collateral Loan Count 2,032 Beginning Scheduled Collateral Balance 695,352,157.67 Ending Scheduled Collateral Balance 667,416,462.52 Ending Actual Collateral Balance at 31-Mar-2005 667,423,640.47 Monthly P&I Constant 2,378,805.74 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 29,979,401.96 Ending Scheduled Balance for Premium Loans 667,416,462.52 Scheduled Principal 447.91 Unscheduled Principal 27,935,247.24
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description 6 Month LIBOR ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.027064 4.265666 4.104437 Weighted Average Net Rate 3.651578 3.890666 3.729109 Pass-Through Rate 3.642879 3.881135 3.720141 Weighted Average Maturity 334 327 332 Record Date 03/31/2005 03/31/2005 03/31/2005 Principal and Interest Constant 1,577,056.49 801,749.25 2,378,805.74 Beginning Loan Count 1,466 637 2,103 Loans Paid in Full 44 27 71 Ending Loan Count 1,422 610 2,032 Beginning Scheduled Balance 469,864,116.55 225,488,041.12 695,352,157.67 Ending Scheduled Balance 453,027,148.79 214,389,313.73 667,416,462.52 Scheduled Principal 245.93 201.98 447.91 Unscheduled Principal 16,836,721.83 11,098,525.41 27,935,247.24 Scheduled Interest 1,576,810.56 801,547.27 2,378,357.83 Servicing Fee 147,022.84 70,465.04 217,487.88 Master Servicing Fee 2,936.64 1,409.29 4,345.93 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 469.30 381.61 850.91 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 1,426,381.78 729,291.33 2,155,673.11 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 453,027,148.79 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 94.776007% 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 124,626,723.67 Six-Month Libor Loan Balance 89,762,590.06 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 94.864572% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%