Wells Fargo Bank Minnesota, N.A. SMT Series 2004-4 Certificateholder Distribution Statement (May–June 2004)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A., as Certificate Administrator, for holders of SMT Series 2004-4 certificates. It details the principal and interest payments made to certificateholders for the period between May 28, 2004 (record date) and June 21, 2004 (distribution date). The statement includes payment amounts, interest rates, realized losses, and remaining balances for each class of certificates, as required by the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 2 f00143eexv10w1.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 2004-4 RECORD DATE: MAY 28, 2004 DISTRIBUTION DATE: JUNE 21, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ----- ----- ----------- ------------ ------- ------------ A 81744FBF3 SEN 1.60813% 793,999,276.22 1,064,045.04 X-1 81744FBG1 SEN 0.80000% 0.00 513,378.32 X-2 81744FBH9 SEN 0.30502% 0.00 201,819.05 X-B 81744FBJ5 SEN 0.94358% 0.00 18,055.33 B-1 81744FBK2 SUB 1.60000% 14,612,000.00 19,482.67 B-2 81744FBL0 SUB 2.00000% 8,350,000.00 13,916.67 B-3 81744FBM8 SUB 2.68903% 4,175,000.00 9,355.60 B-4 81744FBN6 SUB 2.68903% 2,509,000.00 5,622.32 B-5 81744FBP1 SUB 2.68903% 2,088,000.00 4,678.92 B-6 81744FBQ9 SUB 2.68903% 3,757,983.00 8,421.12 A-R 81744FBR7 RES 2.68722% 0.00 0.00 -------------- ------------ Totals 829,491,259.22 1,858,775.04 -------------- ------------ Principal Current Ending Certificate Total Cumulative Class CUSIP Distribution Realized Loss Balance Distribution Realized Loss - ----- ----- ------------ ------------- ------- ------------ ------------- A 81744FBF3 8,027,844.96 0.00 785,971,431.26 9,091,890.00 0.00 X-1 81744FBG1 0.00 0.00 0.00 513,378.32 0.00 X-2 81744FBH9 0.00 0.00 0.00 201,819.05 0.00 X-B 81744FBJ5 0.00 0.00 0.00 18,055.33 0.00 B-1 81744FBK2 0.00 0.00 14,612,000.00 19,482.67 0.00 B-2 81744FBL0 0.00 0.00 8,350,000.00 13,916.67 0.00 B-3 81744FBM8 0.00 0.00 4,175,000.00 9,355.60 0.00 B-4 81744FBN6 0.00 0.00 2,509,000.00 5,622.32 0.00 B-5 81744FBP1 0.00 0.00 2,088,000.00 4,678.92 0.00 B-6 81744FBQ9 0.00 0.00 3,757,983.00 8,421.12 0.00 A-R 81744FBR7 0.00 0.00 0.00 0.00 0.00 ------------ ---- -------------- ------------ ---- Totals 8,027,844.96 0.00 821,463,414.26 9,886,620.00 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 799,511,000.00 793,999,276.22 0.00 8,027,844.96 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 14,612,000.00 14,612,000.00 0.00 0.00 0.00 0.00 B-2 8,350,000.00 8,350,000.00 0.00 0.00 0.00 0.00 B-3 4,175,000.00 4,175,000.00 0.00 0.00 0.00 0.00 B-4 2,509,000.00 2,509,000.00 0.00 0.00 0.00 0.00 B-5 2,088,000.00 2,088,000.00 0.00 0.00 0.00 0.00 B-6 3,757,983.00 3,757,983.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------ ---- ---- Totals 835,003,083.00 829,492,259.22 0.00 8,027,844.96 0.00 0.00 -------------- -------------- ---- ------------ ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------- ------- ---------- ------------ A 8,027,844.96 785,971,431.26 0.98306519 8,027,844.96 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 14,612,000.00 1.00000000 0.00 B-2 0.00 8,350,000.00 1.00000000 0.00 B-3 0.00 4,175,000.00 1.00000000 0.00 B-4 0.00 2,509,000.00 1.00000000 0.00 B-5 0.00 2,088,000.00 1.00000000 0.00 B-6 0.00 3,757,983.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------ -------------- ---------- ------------ Totals 8,027,844.96 821,463,414.26 0.98378489 8,027,844.96 ------------ -------------- ---------- ------------
(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 799,511,000.00 993.10613140 0.00000000 10.04094373 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 14,612,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,350,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,175,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,509,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,088,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,757,983.00 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 10.04094373 983.06518767 0.98306519 10.04094373 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- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----- ------ ---- ------- -------- --------- --------- --------- -------- A 799,511,000.00 1.60813% 793,999,276.22 1,064,045.05 0.00 0.00 0.00 0.00 X-1 0.00 0.80000% 770,067,484.02 513,378.32 0.00 0.00 0.00 0.00 X-2 0.00 0.30502% 793,999,276.22 201,819.05 0.00 0.00 0.00 0.00 X-B 0.00 0.94358% 22,962,000.00 18,055.33 0.00 0.00 0.00 0.00 B-1 14,612,000.00 1.60000% 14,612,000.00 19,482.67 0.00 0.00 0.00 0.00 B-2 8,350,000.00 2.00000% 8,350,000.00 13,916.67 0.00 0.00 0.00 0.00 B-3 4,175,000.00 2.68903% 4,175,000.00 9,355.60 0.00 0.00 0.00 0.00 B-4 2,509,000.00 2.68903% 2,509,000.00 5,622.32 0.00 0.00 0.00 0.00 B-5 2,088,000.00 2.68903% 2,088,000.00 4,678.92 0.00 0.00 0.00 0.00 B-6 3,757,983.00 2.68903% 3,757,983.00 8,421.12 0.00 0.00 0.00 0.00 A-R 100.00 2.68722% 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 835,003,083.00 1,858,775.05 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- ------------ --------- ------- A 1,064,045.04 0.00 785,971,431.26 X-1 513,378.32 0.00 741,662,104.82 X-2 201,819.05 0.00 785,971,431.26 X-B 18,055.33 0.00 22,962,000.00 B-1 19,482.67 0.00 14,612,000.00 B-2 13,916.67 0.00 8,350,000.00 B-3 9,355.60 0.00 4,175,000.00 B-4 5.622.32 0.00 2,509,000.00 B-5 4,678.92 0.00 2,088,000.00 B-6 8,421.12 0.00 3,757,983.00 A-R 0.00 0.00 0.00 ------------ ---- Totals 1,858,775.04 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 799,511,000.00 1.60813% 993.10613140 1.33086981 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 963.17309458 0.64211539 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.30502% 993.10613140 0.25242811 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.94358% 1000.00000000 0.78631347 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,612,000.00 1.60000% 1000.00000000 1.33333356 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,350,000.00 2.00000% 1000.00000000 1.66666707 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,175,000.00 2.68903% 1000.00000000 2.24086228 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,509,000.00 2.68903% 1000.00000000 2.24086090 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,088,000.00 2.68903% 1000.00000000 2.24086207 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,757,983.00 2.68903% 1000.00000000 2.24086165 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.68722% 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 1.33086979 0.00000000 983.06518767 X-1 0.64211539 0.00000000 927.64465382 X-2 0.25242811 0.00000000 983.06518767 X-B 0.78631347 0.00000000 1000.00000000 B-1 1.33333356 0.00000000 1000.00000000 B-2 1.66666707 0.00000000 1000.00000000 B-3 2.24086228 0.00000000 1000.00000000 B-4 2.24086090 0.00000000 1000.00000000 B-5 2.24086207 0.00000000 1000.00000000 B-6 2.24086165 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 10,125,817.85 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 35,947.20 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,161,765.05 Withdrawals Reimbursement for Servicer Advances 9,596.46 Payment of Service Fee 265,548.60 Payment of Interest and Principal 9,886,619.99 ------------- Total Withdrawals (Pool Distribution Amount) 10,161,765.05 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 0.01 ====
SERVICING FEES Gross Servicing Fee 260,364.26 Master Servicing Fee 5,184.34 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 265,548.60 ==========
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 47 4,757,282.21 30 Days 0 0.00 30 Days 0 0.00 60 Days 4 1,868,000.00 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 -------- ------------ -------- -------- -------- -------- 51 6,625,282.21 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 1.899757% 1.796459% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.161681% 0.227399% 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% -------- ------------ -------- -------- -------- -------- 2.061439% 2.023858% 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 47 14,757,282.21 60 Days 0 0.00 60 Days 4 1,868,000.00 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 51 16,625,282.21 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 1.899757% 1.796459% 60 Days 0.000000% 0.000000% 60 Days 0.161681% 0.227399% 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% 2.061439% 2.023858%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 35,947.20
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 35,491,983.00 4.25052119% 35,491,983.00 4.32057988% 95.679420% 0.000000% Class X-1 35,491,983.00 4.25052119% 35,491,983.00 4.32057988% 0.000000% 0.000000% Class X-2 35,491,983.00 4.25052119% 35,491,983.00 4.32057988% 0.000000% 0.000000% Class B-1 20,879,983.00 2.50058753% 20,879,983.00 2.54180316% 1.778777% 41.169861% Class B-2 12,529,983.00 1.50059123% 12,529,983.00 1.52532453% 1.016479% 23.526440% Class B-3 8,354,983.00 1.00059307% 8,354,983.00 1.01708522% 0.508239% 11.763220% Class B-4 5,845,983.00 0.70011514% 5,845,983.00 0.71165470% 0.305431% 7.069202% Class B-5 3,757,983.00 0.45005618% 3,757,983.00 0.45747418% 0.254181% 5.883019% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.457474% 10.588259%
Please refer to the prospectus supplement for a full description of loss exposure COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.073109% Weighted Average Net Coupon 2.696448% Weighted Average Pass-Through Rate 2.688948% Weighted Average Maturity (Stepdown Calculation) 341 Beginning Scheduled Collateral Loan Count 2,489 Number of Loans Paid in Full 15 Ending Scheduled Collateral Loan Count 2,474 Beginning Scheduled Collateral Balance 829,491,259.96 Ending Scheduled Collateral Balance 821,463,415.00 Ending Actual Collateral Balance at 28-May-2004 821,464,974.40 Monthly P&I Constant 2,124,264.22 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 9,825,142.71 Ending Scheduled Balance for Premium Loans 821,463,415.00 Scheduled Principal 0.00 Unscheduled Principal 8,027,844.96
MISCELLANEOUS REPORTING One-Month Libor Loan Balance 07,866,608.87 Six-Month Libor Loan Balance 13,596,806.13 Prorata Senior Percentage 95.721235% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%