Certificateholder Distribution Summary for SMT Series 2003-8 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 2003-8, administered by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of February 28, 2005, with distributions occurring on March 21, 2005. The summary includes payment amounts, outstanding balances, and realized losses for each class. All calculations are performed in accordance with the Pooling and Servicing Agreement, and no realized losses are reported for this period.

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EX-10.1 2 f07709eexv10w1.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: FEBRUARY 28, 2005 DISTRIBUTION DATE: MARCH 21, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ----- ----- ----------- ------------ ------- ------------ ------------ A-1 81743PDX1 SEN 2.91813% 635,647,246.16 1,545,751.08 16,109,365.42 X-1 81743PDZ6 IO 0.57529% 0.00 354,158.03 0.00 A-2 81743PDY9 SEN 3.06000% 125,488,802.84 319,996.44 2,947,210.20 X-2 81743PEA0 IO 0.15405% 0.00 10,026.92 0.00 B-1 81743PED4 SUB 3.18813% 14,166,000.00 37,635.87 0.00 X-B 81743PEB8 IO 0.20671% 0.00 1,572.39 0.00 B-2 81743PEE2 SUB 3.84813% 8,304,000.00 26,629.06 0.00 B-3 81743PEF9 SUB 3.51601% 4,884,000.00 14,310.17 0.00 B-4 81743PEG7 SUB 3.51601% 2,443,000.00 7,158.01 0.00 B-5 81743PEH5 SUB 3.51601% 1,465,000.00 4,292.46 0.00 B-6 81743PEJ1 SUB 3.51601% 3,908,267.00 11,451.26 0.00 A-R 81743PEC6 RES 2.55853% 0.00 0.00 0.00 - ------ -------------- ------------- ------------- Totals 796,306,316.00 2,332,981.69 19,056,575.62 -------------- ------------- ------------- Current Ending Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss - ----- ------------- ------------------ ------------ ------------- A-1 0.00 619,537,880.74 17,655,116.50 0.00 X-1 0.00 0.00 354,158.03 0.00 A-2 0.00 122,541,592.64 3,267,206.64 0.00 X-2 0.00 0.00 10,026.92 0.00 B-1 0.00 14,166,000.00 37,635.87 0.00 X-B 0.00 0.00 1,572.39 0.00 B-2 0.00 8,304,000.00 26,629.06 0.00 B-3 0.00 4,884,000.00 14,310.17 0.00 B-4 0.00 2,443,000.00 7,158.01 0.00 B-5 0.00 1,465,000.00 4,292.46 0.00 B-6 0.00 3,908,267.00 11,451.26 0.00 A-R 0.00 0.00 0.00 0.00 ---- -------------- ------------- ---- 0.00 777,249,740.38 21,389,557.31 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-1 791,768,000.00 635,647,246.16 0.00 16,109,365.42 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 A-2 150,000,000.00 125,488,802.84 0.00 2,947,210.20 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 976,938,367.00 796,306,316.00 0.00 19,056,575.62 0.00 0.00 -------------- -------------- ---- ------------- ----- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 16,109,365.42 619,537,880.74 0.78247401 16,109,365.42 X-1 0.00 0.00 0.00000000 0.00 A-2 2,947,210.20 122,541,592.64 0.81694395 2,947,210.20 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 ------------- -------------- ---------- ------------- 19,056,575.62 777,249,740.38 0.79559752 19,056,575.62 ------------- -------------- ---------- -------------
(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-1 791,768,000.00 802.82007628 0.00000000 20.34606781 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 836.59201893 0.00000000 19.64806800 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 Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 20.34606781 782.47400847 0.78247401 20.34606781 X-1 0.00000000 0.00000000 0.00000000 0.00000000 A-2 19.64806800 816.94395093 0.81694395 19.64806800 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 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-1 791,768,000.00 2.91813% 635,647,246.16 1,545,751.08 0.00 0.00 0.01 0.00 X-1 0.00 0.57259% 555,845,973.49 266,475.97 0.00 0.00 0.00 0.00 A-2 150,000,000.00 3.06000% 125,488,802.84 319,996.45 0.00 0.00 0.01 0.00 X-2 0.00 0.15405% 761,136,049.00 97,708.98 0.00 0.00 0.00 0.00 B-1 14,166,000.00 3.18813% 14,166,000.00 37,635.87 0.00 0.00 0.00 0.00 X-B 0.00 0.20671% 22,470,000.00 3,870.65 0.00 0.00 0.00 0.00 B-2 8,304,000.00 3.84813% 8,304,000.00 26,629.06 0.00 0.00 0.00 0.00 B-3 4,884,000.00 3.51601% 4,884,000.00 14,310.17 0.00 0.00 0.00 0.00 B-4 2,443,000.00 3.51601% 2,443,000.00 7,158.01 0.00 0.00 0.00 0.00 B-5 1,465,000.00 3.51601% 1,465,000.00 4,292.46 0.00 0.00 0.00 0.00 B-6 3,908,267.00 3.51601% 3,908,267.00 11,451.26 0.00 0.00 0.00 0.00 A-R 100.00 2.55853% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 976,938,367.00 2,335,279.96 0.00 0.00 0.02 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 1,545,751.08 0.00 619,537,880.74 X-1 354,158.03 0.00 535,005,639.04 A-2 319,996.44 0.00 122,541,592.64 X-2 10,026.92 0.00 742,079,473.38 B-1 37,635.87 0.00 14,166,000.00 X-B 1,572.39 0.00 22,470,000.00 B-2 26,629.06 0.00 8,304,000.00 B-3 14,310.17 0.00 4,884,000.00 B-4 7,158.01 0.00 2,443,000.00 B-5 4,292.46 0.00 1,465,000.00 B-6 11,451.26 0.00 3,908,267.00 A-R 0.00 0.00 0.00 ------------ ---- Totals 2,332,981.69 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-1 791,768,000.00 2.91813% 802.82007628 1.95227779 0.00000000 0.00000000 0.00000001 0.00000000 X-1 0.00 0.57259% 590.21539646 0.28295288 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 3.06000% 836.59201893 2.13330967 0.00000000 0.00000000 0.00000007 0.00000000 X-2 0.00 0.15405% 808.19909893 0.10375058 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 3.18813% 1000.00000000 2.65677467 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.20671% 1000.00000000 0.17225857 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 3.84813% 1000.00000000 3.20677505 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 3.51601% 1000.00000000 2.93001024 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 3.51601% 1000.00000000 2.93000819 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 3.51601% 1000.00000000 2.93000683 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 3.51601% 1000.00000000 2.93000964 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.55853% 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 1.95227779 0.00000000 782.47400847 X-1 0.37605656 0.00000000 568.08644915 A-2 2.13330960 0.00000000 816.94395093 X-2 0.01064691 0.00000000 787.96240496 B-1 2.65677467 0.00000000 1000.00000000 X-B 0.06997730 0.00000000 1000.00000000 B-2 3.20677505 0.00000000 1000.00000000 B-3 2.93001024 0.00000000 1000.00000000 B-4 2.93000819 0.00000000 1000.00000000 B-5 2.93000683 0.00000000 1000.00000000 B-6 2.93000964 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 21,640,271.62 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 14,895.02 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 21,655,166.64 Withdrawals Reimbursement for Servicer Advances 11,198.88 Payment of Service Fee 254,410.45 Payment of Interest and Principal 21,389,557.31 ------------- Total Withdrawals (Pool Distribution Amount) 21,655,166.64 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 250,760.72 Master Servicing Fee 3,649.73 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 254,410.45 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------- --------- ----------- --------- -------- Class 1-A Companion Sub Account 4,000.00 75,131.71 75,131.71 4,000.00 Class 1-A NAS Sub Account 1,000.00 0.00 0.00 1,000.00 Class 2-A Companion Sub Account 2,000.00 12,550.36 12,550.36 2,000.00 Class 2-A NAS Sub Account 500.00 0.00 0.00 500.00 Class X-B Sub Account 2,500.00 2,298.26 2,298.26 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 18 4,535,923.56 60 Days 0 0.00 90 Days 0 0.00 120 Days 1 447,991.05 150 Days 0 0.00 180+ Days 1 100,000.00 -------- ------------ 20 5,083,914.61 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.766284% 0.583586% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.042571% 0.057638% 150 Days 0.000000% 0.000000% 180+ Days 0.042571% 0.012866% -------- ------------ 0.851426% 0.654090%
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 18 4,535,923.56 60 Days 0 0.00 90 Days 0 0.00 120 Days 1 447,991.05 150 Days 0 0.00 180+ Days 1 100,000.00 -------- ------------ 20 5,083,914.61 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.766284% 0.583586% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.042571% 0.057638% 150 Days 0.000000% 0.000000% 180+ Days 0.042571% 0.012866% -------- ------------ 0.851426% 0.654090%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 14,895.02
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 4.52496349% 95.475036% 0.000000% Class X-1 35,170,267.00 3.60004973% 35,170,267.00 4.52496349% 0.000000% 0.000000% Class X-2 35,170,267.00 3.60004973% 35,170,267.00 4.52496349% 0.000000% 0.000000% Class B-1 21,004,267.00 2.15000943% 21,004,267.00 2.70238327% 1.822580% 40.278341% Class B-2 12,700,267.00 1.30000698% 12,700,267.00 1.63400080% 1.068382% 23.610853% Class B-3 7,816,267.00 0.80007780% 7,816,267.00 1.00563134% 0.628369% 13.886730% Class B-4 5,373,267.00 0.55001085% 5,373,267.00 0.69131795% 0.314313% 6.946208% Class B-5 3,908,267.00 0.40005257% 3,908,267.00 0.50283285% 0.188485% 4.165450% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.502833% 11.112418%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT POOL 1 -- 1 MO LIBOR
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%
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 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%
DELINQUENT POOL 1 -- 6 MO LIBOR
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 15 3,961,523.56 60 Days 0 0.00 90 Days 0 0.00 120 Days 1 447,991.05 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 16 4,409,514.61 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.863061% 0.722751% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.057537% 0.081733% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 0.920598% 0.804484%
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 15 3,961,523.56 60 Days 0 0.00 90 Days 0 0.00 120 Days 1 447,991.05 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 16 4,409,514.61 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.863061% 0.722751% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.057537% 0.081733% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 0.920598% 0.804484%
DELINQUENT POOL 2
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 3 574,400.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 1 100,000.00 -------- ---------- 4 674,400.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.733496% 0.448245% 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 0.244499% 0.078037% -------- ---------- 0.977995% 0.526282%
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 3 574,400.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 1 100,000.00 -------- ---------- 4 674,400.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.733496% 0.448245% 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 0.244499% 0.078037% -------- ---------- 0.977995% 0.526282%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.899091% Weighted Average Net Coupon 3.521205% Weighted Average Pass-Through Rate 3.515705% Weighted Average Maturity (Stepdown Calculation) 308 Beginning Scheduled Collateral Loan Count 2,399 Number of Loans Paid in Full 50 Ending Scheduled Collateral Loan Count 2,349 Beginning Scheduled Collateral Balance 796,306,316.95 Ending Scheduled Collateral Balance 777,249,741.33 Ending Actual Collateral Balance at 28-Feb-2005 777,249,671.01 Monthly P&I Constant 2,587,392.18 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 21,284,209.84 Ending Scheduled Balance for Premium Loans 777,249,741.33 Scheduled Principal 0.00 Unscheduled Principal 19,056,575.62
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 4.043506 3.884239 3.849831 3.899091 Weighted Average Net Rate 3.650661 3.508832 3.473014 3.521205 Pass-Through Rate 3.645161 3.503332 3.467514 3.515705 Weighted Average Maturity 293 310 309 308 Record Date 02/28/2005 02/28/2005 02/28/2005 02/28/2005 Principal and Interest Constant 345,639.12 1,821,186.36 420,566.70 2,587,392.18 Beginning Loan Count 208 1,775 416 2,399 Loans Paid in Full 6 37 7 50 Ending Loan Count 202 1,738 409 2,349 Beginning Scheduled Balance 102,576,071.96 562,638,781.13 131,091,463.86 796,306,316.95 Ending Scheduled Balance 100,988,079.04 548,117,408.63 128,144,253.66 777,249,741.33 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 1,587,992.92 14,521,372.50 2,947,210.20 19,056,575.62 Scheduled Interest 345,639.12 1,821,186.36 420,566.70 2,587,392.18 Servicing Fee 35,580.44 176,015.63 41,164.65 250,760.72 Master Servicing Fee 470.13 2,578.76 600.84 3,649.73 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 311,588.55 1,642,591.97 378,801.21 2,332,981.73 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 95.555179% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group Pool 1 -- 6 Mo LIBOR Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 95.726144% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%