SMT Series 2004-5 Certificateholder Distribution Statement by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Finance › Trust Agreements
Summary

This document, prepared by Wells Fargo Bank Minnesota, N.A., provides a detailed summary of distributions to certificateholders for the SMT Series 2004-5 as of May 28, 2004, with distributions made on June 21, 2004. It outlines the principal and interest payments, balances, and realized losses for each class of certificates, as calculated under the Pooling and Servicing Agreement. The report ensures transparency for investors regarding the allocation of payments and the status of their investments in the trust.

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EX-10.1 2 f00143fexv10w1.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: MAY 28, 2004 DISTRIBUTION DATE: JUNE 21, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss - ----- ----- ----------- ----------------- --------------- ------------ -------------- --------------- A-1 81744FBS5 SEN 2.74715% 553,000,000.00 1,265,977.58 5,343,207.50 0.00 A-2 81744FBT3 SEN 1.36000% 185,867,000.00 161,497.77 254,430.60 0.00 A-3 81744FCF2 SEN 1.86250% 75,000,000.00 89,244.79 102,666.39 0.00 X-1 81744FBU0 IO 0.80000% 0.00 173,911.33 0.00 0.00 X-2 81744FBV8 IO 0.68843% 0.00 149,656.63 0.00 0.00 X-B 81744FBX4 IO 0.39055% 0.00 27,084.48 0.00 0.00 B-1 81744FBZ9 SUB 1.58000% 14,874,000.00 15,014.48 0.00 0.00 B-2 81744FCA3 SUB 1.98000% 8,499,000.00 10,751.24 0.00 0.00 B-3 81744FCB1 SUB 2.71340% 4,674,000.00 10,568.68 0.00 0.00 B-4 81744FCC9 SUB 2.71340% 2,124,000.00 4,802.71 0.00 0.00 B-5 81744FCD7 SUB 2.71340% 2,124,000.00 4,802.71 0.00 0.00 B-6 81744FCE5 SUB 2.71340% 3,830,447.31 8,661.27 0.00 0.00 A-R 81744FBY2 RES 2.74715% 100.00 0.23 100.00 0.00 -------------- ------------ ------------ ---- Totals 849,992,547.31 1,921,973.90 5,700,404.49 0.00 -------------- ------------ ------------ ---- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - ----- ----- ------------------ ------------- ------------- A-1 81744FBS5 547,656,792.50 6,609,185.08 0.00 A-2 81744FBT3 185,612,569.61 415,928.37 0.00 A-3 81744FCF2 74,897,333.61 191,911.18 0.00 X-1 81744FBU0 0.00 173,911.33 0.00 X-2 81744FBV8 0.00 149,656.63 0.00 X-B 81744FBX4 0.00 27,084.48 0.00 B-1 81744FBZ9 14,874,000.00 15,014.48 0.00 B-2 81744FCA3 8,499,000.00 10,751.24 0.00 B-3 81744FCB1 4,674,000.00 10,568.68 0.00 B-4 81744FCC9 2,124,000.00 4,802.71 0.00 B-5 81744FCD7 2,124,000.00 4,802.71 0.00 B-6 81744FCE5 3,830,447.31 8,661.27 0.00 A-R 81744FBY2 0.00 100.23 0.00 -------------- ------------ ---- Totals 884,292,142.82 7,622,378.39 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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ----- ------------- --------------- ------------- ------------- --------- -------- --------------- A-1 553,000,000.00 553,000,000.00 0.00 5,343,207.50 0.00 0.00 5,343,207.50 A-2 185,867,000.00 185,867,000.00 0.00 254,430.60 0.00 0.00 254,430.60 A-3 75,000,000.00 75,000,000.00 0.00 102,666.39 0.00 0.00 102,666.39 X-1 0.00 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 0.00 X-B 0.00 0.00 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 0.00 0.00 B-2 8,499,000.00 8,499,0000.00 0.00 0.00 0.00 0.00 0.00 B-3 4,674,000.00 4,674,000.00 0.00 0.00 0.00 0.00 0.00 B-4 2,124,000.00 2,124,000.00 0.00 0.00 0.00 0.00 0.00 B-5 2,124,000.00 2,124,000.00 0.00 0.00 0.00 0.00 0.00 B-6 3,830,447.31 3,830,447.31 0.00 0.00 0.00 0.00 0.00 A-R 100.00 100.00 0.00 100.00 0.00 0.00 100.00 -------------- -------------- ---- ------------ ---- ---- --------------- Totals 849,992,547.31 849,992,547.31 0.00 5,700,404.49 0.00 0.00 5,700,404.49 -------------- -------------- ---- ------------ ---- ---- --------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----- ------------------ ------------------- --------------- A-1 547,656,792.50 0.99033778 5,343,207.50 A-2 185,612,569.40 0.99863111 254,430.60 A-3 74,897,333.61 0.99863111 102,666.39 X-1 0.00 0.00000000 0.00 X-2 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 B-1 14,874,000.00 1.00000000 0.00 B-2 8,499,000.00 1.00000000 0.00 B-3 4,674,000.00 1.00000000 0.00 B-4 2,124,000.00 1.00000000 0.00 B-5 2,124,000.00 1.00000000 0.00 B-6 3,830,447.31 1.00000000 0.00 A-R 0.00 0.00000000 100.00 -------------- ---------- ------------ Totals 844,292,142.82 0.99329358 5,700,404.49 -------------- ---------- ------------
(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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----- ------ --------------- ------------- ------------- --------- ---------- --------------- A-1 553,000,000.00 1000.00000000 0.00000000 9.66221971 0.00000000 0.00000000 9.66221971 A-2 185,867,000.00 1000.00000000 0.00000000 1.36888528 0.00000000 0.00000000 1.36888528 A-3 75,000,000.00 1000.00000000 0.00000000 1.36888520 0.00000000 0.00000000 1.36888520 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 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 0.00000000 B-2 8,499,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,674,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,830,447.31 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----- ------------------ ------------------- --------------- A-1 990.33778029 0.99033778 9.66221971 A-2 998.63111472 0.99863111 1.36888528 A-3 998.63111480 0.99863111 1.36888520 X-1 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000 A-R 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 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-1 553,000,000.00 2.74715% 553,000,000.00 1,265,977.57 0.00 0.00 0.00 0.00 A-2 185,867,000.00 1.36000% 185,867,000.00 161,497.77 0.00 0.00 0.00 0.00 A-3 75,000,000.00 1.86250% 75,000,000.00 89,244.79 0.00 0.00 0.00 0.00 X-1 0.00 0.80000% 260,867,000.00 173,911.33 0.00 0.00 0.00 0.00 X-2 0.00 0.68843% 260,867,000.00 149,656.63 0.00 0.00 0.00 0.00 X-B 0.00 1.39055% 23,373,000.00 27,084.48 0.00 0.00 0.00 0.00 B-1 14,874,000.00 1.58000% 14,874,000.00 15,014.48 0.00 0.00 0.00 0.00 B-2 8,499,000.00 1.98000% 8,499,000.00 10,751.24 0.00 0.00 0.00 0.00 B-3 4,674,000.00 2.71340% 4,674,000.00 10,568,68 0.00 0.00 0.00 0.00 B-4 2,124,000.00 2.71340% 2,124,000.00 4,802.71 0.00 0.00 0.00 0.00 B-5 2,124,000.00 2.71340% 2,124,000.00 4,802.71 0.00 0.00 0.00 0.00 B-6 3,830,447.31 2.71340% 3,830,447.31 8,661.27 0.00 0.00 0.00 0.00 A-R 100.00 2.74715% 100.00 0.23 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Totals 849,992,547.31 1,921,973.89 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- -------------- ---------- --------------- A-1 1,265,977.58 0.00 547,656,792.50 A-2 161,497.77 0.00 185,612,569.40 A-3 89,244.79 0.00 74,897,333.61 X-1 173,911.33 0.00 251,260,118.76 X-2 149,656.63 0.00 260,509,903.01 X-B 27,084.48 0.00 23,373,000.00 B-1 15,014.48 0.00 14,874,000.00 B-2 10,751.24 0.00 8,499,000.00 B-3 10,568.68 0.00 4,674,000.00 B-4 4,802.71 0.00 2,124,000.00 B-5 4,802.71 0.00 2,124,000.00 B-6 8,661.27 0.00 3,830,447.31 A-R 0.23 0.00 0.00 ------------ ---- Totals 1,921,973.90 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 Unpaid Current Non-Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------- --------------- ----------- ---------------- --------------- ------------ ---------- ------------- -------- A-1 553,000,000.00 2.74715% 1000.00000000 2.28929036 0.00000000 0.00000000 0.00000000 0.00000000 A-2 185,867,000.00 1.36000% 1000.00000000 0.86888888 0.00000000 0.00000000 0.00000000 0.00000000 A-3 75,000,000.00 1.86250% 1000.00000000 1.18993053 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 1000.00000000 0.66666665 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.68843% 1000.00000000 0.57368939 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.39055% 1000.00000000 1.15879348 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,874,000.00 1.58000% 1000.00000000 1.00944467 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,499,000.00 1.98000% 1000.00000000 1.26500059 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,674,000.00 2.71340% 1000.00000000 2.26116389 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,124,000.00 2.71340% 1000.00000000 2.26116290 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,124,000.00 2.71340% 1000.00000000 2.26116290 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,830,447.31 2.71340% 1000.00000000 2.26116411 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.74715% 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 2.28929038 0.00000000 990.33778029 A-2 0.86888888 0.00000000 998.63111472 A-3 1.18993053 0.00000000 998.63111480 X-1 0.66666665 0.00000000 963.17325978 X-2 0.57368939 0.00000000 998.63111474 X-B 1.15879348 0.00000000 1000.00000000 B-1 1.00944467 0.00000000 1000.00000000 B-2 1.26500059 0.00000000 1000.00000000 B-3 2.26116389 0.00000000 1000.00000000 B-4 2.26116290 0.00000000 1000.00000000 B-5 2.26116290 0.00000000 1000.00000000 B-6 2.26116411 0.00000000 1000.00000000 A-R 2.30000000 0.00000000 0.00000000
(5) Per $1 Denomination (6) Amount does not include excess special hazard, bankcruptcy, or fraud losses unless otherwise disclosed.Please refer to other prospectus supplement for full description. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 7,868,274.22 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 26,454.17 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 7,894,728.39 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 272,350.00 Payment of Interest and Principal 7,622,378.39 ------------ Total Withdrawals (Pool Distribution Amount) 7,894,728.39 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 265,825.33 Master Servicing Fee 5,312.48 PMI 1,212.19 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 272,350.00 ==========
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 24 11,141,916.70 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 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 -------- ------------- -------- -------- -------- -------- 24 11,141,916.70 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 0.988875% 1.319674% 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 0.000000% 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% -------- ------------- -------- -------- -------- -------- 0.988875% 1.319674% 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 24 11,141,916.70 60 Days 0 0.00 60 Days 0 0.00 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 24 11,141,916.70 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 0.988875% 1.319674% 60 Days 0.000000% 0.000000% 60 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% 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% 0.988875% 1.319674%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 26,454.17
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 36,125,447.31 4.25008989% 36,125,447.31 4.27878521% 95.721215% 0.000000% Class X-1 36,125,447.31 4.25008989% 36,125,447.31 4.27878521% 0.000000% 0.000000% Class X-2 36,125,447.31 4.25008989% 36,125,447.31 4.27878521% 0.000000% 0.000000% Class B-1 21,251,447.31 2.50019219% 21,251,447.31 2.51707273% 1.761712% 41.173193% Class B-2 12,752,447.31 1.50030107% 12,752,447.31 1.51043065% 1.006642% 23.526352% Class B-3 8,078,447.31 0.95041390% 8,078,447.31 0.95683081% 0.553600% 12.938248% Class B-4 5,954,447.31 0.70052936% 5,954,447.31 0.70525912% 0.251572% 5.879512% Class B-5 3,830,447.31 0.45064481% 3,830,447.31 0.45368743% 0.251572% 5.879512% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.453687% 10.603183%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------- --------------------------------- ---------------------------------- GROUP ONE 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 13 6,772,905.70 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 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 -------- ------------ -------- -------- -------- -------- 13 6,772,905.70 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 0.765156% 1.183654% 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 0.000000% 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% -------- ------------ -------- -------- -------- -------- 0.765156% 1.183654% 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 13 6,772,905.70 60 Days 0 0.00 60 Days 0 0.00 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 13 6,772,905.70 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 0.765156% 1.183654% 60 Days 0.000000% 0.000000% 60 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% 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% 0.765156% 1.183654%
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------- --------------------------------- ---------------------------------- GROUP TWO 1.183654% 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 11 4,369,011.00 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 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 -------- ------------ -------- -------- -------- -------- 11 4,369,011.00 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 1.510989% 1.605723% 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 0.000000% 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% -------- ------------ -------- -------- -------- -------- 1.510989% 1.605723% 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 11 4,369,011.00 60 Days 0 0.00 60 Days 0 0.00 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 11 4,369,011.00 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 1.510989% 1.605723% 60 Days 0.000000% 0.000000% 60 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% 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% 1.510989% 1.605723%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.097896% Weighted Average Net Coupon 2.722610% Weighted Average Pass-Through Rate 2.713399% Weighted Average Maturity (Stepdown Calculation) 342 Beginning Scheduled Collateral Loan Count 2,436 Number of Loans Paid in Full 9 Ending Scheduled Collateral Loan Count 2,427 Beginning Scheduled Collateral Balance 849,992,547.31 Ending Scheduled Collateral Balance 844,292,142.82 Ending Actual Collateral Balance at 28-May-2004 844,293,073.50 Monthly P&I Constant 2,194,323.89 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,540,692.82 Ending Scheduled Balance for Premium Loans 844,292,142.82 Scheduled Principal 0.00 Unscheduled Principal 5,700,404.49
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description 6 Month LIBOR ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.131794 3.026037 3.097896 Weighted Average Net Rate 2.756373 2.651037 2.722610 Pass-Through Rate 2.747148 2.641854 2.713399 Weighted Average Maturity 344 337 342 Record Date 05/28/2004 05/28/2004 05/28/2004 Principal and Interest Constant 1,507,295.55 687,028.34 2,194,323.89 Beginning Loan Count 1,708 728 2,436 Loans Paid in Full 9 0 9 Ending Loan Count 1,699 728 2,427 Beginning Scheduled Balance 577,545,770.75 272,446,776.56 849,992,547.31 Ending Scheduled Balance 572,202,463.25 272,089,679.57 844,292,142.82 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 5,343,307.50 357,096.99 5,700,404.49 Scheduled Interest 1,507,295.55 687,028.34 2,194,323.89 Servicing Fee 180,685.71 85,139.62 265,825.33 Master Servicing Fee 3,609.68 1,702.80 5,312.48 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 830.21 381.98 1,212.19 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 1,322,169.95 599,803.94 1,921,973.89 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 72,202,463.25 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.750004% 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 50,105,568.90 Six-Month Libor Loan Balance 21,984,110.67 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.749711% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%