Wells Fargo Bank Minnesota, N.A. SMT Series 2003-8 Certificateholder Distribution Statement (January 31, 2005 Record Date)

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 the SMT Series 2003-8 trust. It summarizes the interest and principal payments made to certificateholders as of the January 31, 2005 record date, with distributions occurring on February 22, 2005. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses were reported for this period.

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EX-10.1 2 f06741aexv10w1.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 ###-###-#### FAX: (301) 315-6660 SMT SERIES 2003-8 RECORD DATE: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss - ----- --------- ----------- ------------ -------------- ------------ ------------- ------------- A-1 81743PDX1 SEN 2.82000% 657,007,091.31 1,543,966.67 21,359,845.15 0.00 X-1 81743PDZ6 IO 0.63075% 0.00 366,681.65 0.00 0.00 A-2 81743PDY9 SEN 3.06000% 128,336,122.66 327,257.11 2,847,319.82 0.00 X-2 81743PEA0 IO 0.16585% 0.00 45,378.74 0.00 0.00 B-1 81743PED4 SUB 3.09000% 14,166,000.00 36,477.45 0.00 0.00 X-B 81743PEB8 IO 0.25153% 0.00 2,903.62 0.00 0.00 B-2 81743PEE2 SUB 3.75000% 8,304,000.00 25,950.00 0.00 0.00 B-3 81743PEF9 SUB 3.48898% 4,884,000.00 14,200.13 0.00 0.00 B-4 81743PEG7 SUB 3.48898% 2,443,000.00 7,102.97 0.00 0.00 B-5 81743PEH5 SUB 3.48898% 1,465,000.00 4,259.46 0.00 0.00 B-6 81743PEJ1 SUB 3.48898% 3,908,267.00 11,363.21 0.00 0.00 A-R 81743PEC6 RES 2.55953% 0.00 0.00 0.00 0.00 - ----- --------- ----------- --------- -------------- ------------ ------------- ------------- Totals 820,513,480.97 2,385,541.01 24,207,164.97 0.00 - ----- --------- ----------- --------- -------------- ------------ ------------- ------------- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - ----- --------- ------------------ ------------- ------------- A-1 81743PDX1 635,647,246.16 22,903,811.82 0.00 X-1 81743PDZ6 0.00 366,681.65 0.00 A-2 81743PDY9 125,488,802.84 3,174,576.93 0.00 X-2 81743PEA0 0.00 45,378.74 0.00 B-1 81743PED4 14,166,000.00 36,477.45 0.00 X-B 81743PEB8 0.00 2,903.62 0.00 B-2 81743PEE2 8,304,000.00 25,950.00 0.00 B-3 81743PEF9 4,884,000.00 14,200.13 0.00 B-4 81743PEG7 2,443,000.00 7,102.97 0.00 B-5 81743PEH5 1,465,000.00 4,259.46 0.00 B-6 81743PEJ1 3,908,267.00 11,363.21 0.00 A-R 81743PEC6 0.00 0.00 0.00 - ----- --------- ---------------- ------------- ------------ Totals 796,306,316.00 26,592,705.98 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-1 791,768,000.00 657,007,091.31 0.00 21,359,845.15 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 A-2 150,000,000.00 128,336,122.66 0.00 2,847,319.82 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 976,938,367.00 820,513,480.97 0.00 24,207,164.97 0.00 0.00 - ----- -------------- -------------- ------------ ------------- --------- --------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 21,359,845.15 635,647,246.16 0.80282008 21,359,845.15 X-1 0.00 0.00 0.00000000 0.00 A-2 2,847,319.82 125,488,802,84 0.83659202 2,847,319.82 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 - ----- --------------- ---------------- ------------------ --------------- Totals 24,207,164.97 796,306,316.00 0.81510394 24,207,164.97 - ----- --------------- ---------------- ------------------ ---------------
(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(1) - ----- -------------- -------------- ------------ ------------- ---------- ---------- A-1 791,768,000.00 829.79748021 0.00000000 26.97740392 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 855.57415107 0.00000000 18.98213213 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 26.97740392 802.82007628 0.80282008 26.97740392 X-1 0.00000000 0.00000000 0.00000000 0.00000000 A-2 18.98213213 836.59201893 0.83659202 18.98213213 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 Current Certificate/ Current Unpaid Current Original Face Certificate Notional Accured Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - ------ -------------- ----------- -------------- ------------ --------- --------- A-1 791,768,000.00 2.82000% 657,007,091.31 1,543,966.66 0.00 0.00 X-1 0.00 0.63075% 577,448,036.98 303,521.39 0.00 0.00 A-2 150,000,000.00 3.06000% 128,336,122.66 327,257.11 0.00 0.00 X-2 0.00 0.16585% 785,343,213.97 108,539.00 0.00 0.00 B-1 14,166,000.00 3.09000% 14,166,000.00 36,477.45 0.00 0.00 X-B 0.00 0.25153% 22,470,000.00 4,709.91 0.00 0.00 B-2 8,304,000.00 3.75000% 8,304,000.00 25,950.00 0.00 0.00 B-3 4,884,000.00 3.48898% 4,884,000.00 14,200.13 0.00 0.00 B-4 2,443,000.00 3.48898% 2,443,000.00 7,102.97 0.00 0.00 B-5 1,465,000.00 3.48898% 1,465,000.00 4,259.46 0.00 0.00 B-6 3,908,267.00 3.48898% 3,908,267.00 11,363.21 0.00 0.00 A-R 100.00 2.55953% 0.00 0.00 0.00 0.00 - ------ -------------- --------- -------------- ------------ --------- --------- Totals 976,938,367.00 2,387,347.29 0.00 0.00 - ------ -------------- --------- -------------- ------------ --------- --------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss(4) Distribution Shortfall Balance - ------ --------- -------- --------------- --------- -------------- A-1 (0.01) 0.00 1,543,966.67 0.00 635,647,246.16 X-1 0.00 0.00 366,681.65 0.00 555,845,973.49 A-2 0.00 0.00 327,257.11 0.00 125,588,802.84 X-2 0.00 0.00 45,378.74 0.00 761,136,049.00 B-1 0.00 0.00 36,477.45 0.00 14,166,000.00 X-B 0.00 0.00 2,903.62 0.00 22,470,000.00 B-2 0.00 0.00 25,950.00 0.00 8,304,000.00 B-3 0.00 0.00 14,200.13 0.00 4,884,000.00 B-4 0.00 0.00 7,102.97 0.00 2,443,000.00 B-5 0.00 0.00 4,259.46 0.00 1,465,000.00 B-6 0.00 0.00 11,363.21 0.00 3,908,267.00 A-R 0.00 0.00 0.00 0.00 0.00 - ------ --------- -------- --------------- --------- -------------- Totals 0.01 0.00 2,385,541.01 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
Beginning Payment of Current Certificate/ Current Unpaid Current Original Face Certificate Notional Accured Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - ------ -------------- ----------- -------------- ---------- ---------- ---------- A-1 791,768,000.00 2.82000% 829.79748021 1.95002407 0.00000000 0.00000000 X-1 0.00 0.63075% 613.15317252 0.32228892 0.00000000 0.00000000 A-2 150,000,000.00 3.06000% 855.57415107 2.18171407 0.00000000 0.00000000 X-2 0.00 0.16585% 833.90305677 0.11525025 0.00000000 0.00000000 B-1 14,166,000.00 3.09000% 1000.00000000 2.57500000 0.00000000 0.00000000 X-B 0.00 0.25153% 1000.00000000 0.20960881 0.00000000 0.00000000 B-2 8,304,000.00 3.75000% 1000.00000000 3.12500000 0.00000000 0.00000000 B-3 4,884,000.00 3.48898% 1000.00000000 2.90747952 0.00000000 0.00000000 B-4 2,443,000.00 3.48898% 1000.00000000 2.90747851 0.00000000 0.00000000 B-5 1,465,000.00 3.48898% 1000.00000000 2.90748123 0.00000000 0.00000000 B-6 3,908,267.00 3.48898% 1000.00000000 2.90748048 0.00000000 0.00000000 A-R 100.00 2.55953% 0.00000000 0.00000000 0.00000000 0.00000000 - ------ -------------- ----------- -------------- ---------- ---------- ---------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss(4) Distribution Shortfall Balance - ------ ------------ ---------- -------------- ---------- -------------- A-1 (0.00000001) 0.00000000 1.95002409 0.00000000 802.82007628 X-1 0.00000000 0.00000000 0.38935454 0.00000000 590.21539646 A-2 0.00000000 0.00000000 2.18171407 0.00000000 836.59201893 X-2 0.00000000 0.00000000 0.04818463 0.00000000 808.19909893 B-1 0.00000000 0.00000000 2.57500000 0.00000000 1000.00000000 X-B 0.00000000 0.00000000 0.12922207 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.12500000 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.90747952 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.90747851 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.90748123 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.90748048 0.00000000 1000.00000000 A-R 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 26,851,172.23 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,198.88 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 26,862,371.11 Withdrawals Reimbursement for Servicer Advances 7,578.32 Payment of Service Fee 262,086.81 Payment of Interest and Principal 26,592,705.98 ------------- Total Withdrawals (Pool Distribution Amount) 26,862,371.11 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 258,326.14 Master Servicing Fee 3,760.67 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 262,086.81 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------------------------- --------- ----------- -------- -------- Class 1-A Companion Sub Account 4,000.00 50,967.50 50,967.50 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 12,192.76 12,192.76 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 1,806.29 1,806.29 2,500.00
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 8 3,184,371.94 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 447,991.05 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 ------ ------------ ------ --------- ------ --------- 9 3,632,362.99 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 0.333472% 0.399893% 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 0.041684% 0.056259% 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% --------- ------------- --------- --------- --------- --------- 0.375156% 0.456151% 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 8 3,184,371.94 60 Days 0 0.00 60 Days 1 447,991.05 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 9 3,632,362.99 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 0.333472% 0.399893% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.041684% 0.056259% 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% 0.375156% 0.456151% Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 11,198.88
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 4.41667562% 95.583324% 0.000000% Class X-1 35,170,267.00 3.60004973% 35,170,267.00 4.41667562% 0.000000% 0.000000% Class X-2 35,170,267.00 3.60004973% 35,170,267.00 4.41667562% 0.000000% 0.000000% Class B-1 21,004,267.00 2.15000943% 21,004,267.00 2.63771196% 1.778964% 40.278341% Class B-2 12,700,267.00 1.30000698% 12,700,267.00 1.59489718% 1.042815% 23.610853% Class B-3 7,816,267.00 0.80007780% 7,816,267.00 0.98156536% 0.613332% 13.886730% Class B-4 5,373,267.00 0.55001085% 5,373,267.00 0.67477388% 0.306791% 6.946208% Class B-5 3,908,267.00 0.40005257% 3,908,267.00 0.49079945% 0.183974% 4.165450% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.490799% 11.112418% Please refer to the prospectus supplement for a full description of loss exposure
DELINQUENCY STATUS BY GROUP - ------------------------------------- ----------------------------------------- ------------------------------------------ DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ----------------------------------------- ------------------------------------------ POOL 1--1 MO LIBOR 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 0 0.00 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 --------- -------- ------ --------- ------- --------- 0 0.00 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 0.000000% 0.000000% 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% --------- --------- --------- --------- --------- --------- 0.000000% 0.000000% 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 0 0.00 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 0 0.00 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 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% 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% 0.000000% 0.000000%
- ---------------------------------------- -------------------------------------- -------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------- -------------------------------------- -------------------------------------- POOL 1--6 MO LIBOR 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 7 2,976,499.01 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 1 447,991.05 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 ------ ------------ ------ --------- ------ --------- 8 3,424,490.06 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 0.394366% 0.529025% 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 0.056338% 0.079623% 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% --------- -------- -------- --------- -------- --------- 0.450704% 0.608648% 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 7 2,976,499.01 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 447,991.05 120 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 0 0.00 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 0.394366% 0.529025% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.056338% 0.079623% 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% 0.450704% 0.608648%
- ---------------------------------------- -------------------------------------- -------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------- -------------------------------------- -------------------------------------- POOL 2 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 1 207,872.93 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 ------ ---------- ------ ------- ------ -------- 1 207,872.93 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 0.240385% 0.158571% 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% --------- --------- --------- ---------- --------- --------- 0.240385% 0.158571% 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 1 207,872.93 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 1 207,872.93 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 0.240385% 0.158571% 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% 0.240385% 0.158571%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.872153% Weighted Average Net Coupon 3.494351% Weighted Average Pass-Through Rate 3.488851% Weighted Average Maturity (Stepdown Calculation) 309 Beginning Scheduled Collateral Loan Count 2,457 Number of Loans Paid in Full 58 Ending Scheduled Collateral Loan Count 2,399 Beginning Scheduled Collateral Balance 820,513,481.92 Ending Scheduled Collateral Balance 796,306,316.95 Ending Actual Collateral Balance at 31-Jan-2005 796,306,309.40 Monthly P&I Constant 2,647,627.83 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 26,488,642.85 Ending Scheduled Balance for Premium Loans 796,306,316.95 Scheduled Principal 0.00 Unscheduled Principal 24,207,164.97
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 MonthLIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.914753 3.870650 3.844642 3.872153 Weighted Average Net Rate 3.522636 3.495253 3.467863 3.494351 Pass-Through Rate 3.517136 3.489753 3.462363 3.488851 Weighted Average Maturity 294 311 310 309 Record Date 01/31/2005 01/31/2005 01/31/2005 01/31/2005 Principal and Interest Constant 348,886.80 1,869,618.75 429,122.28 2,647,627.83 Beginning Loan Count 215 1,819 423 2,457 Loans Paid in Full 7 44 7 58 Ending Loan Count 208 1,775 416 2,399 Beginning Scheduled Balance 106,945,240.79 579,629,457.45 133,938,783.68 820,513,481.92 Ending Scheduled Balance 102,576,071.96 562,638,781.13 131,091,463.86 796,306,316.95 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 4,369,168.83 16,990,676.32 2,847,319.82 24,207,164.97 Scheduled Interest 348,886.80 1,869,618.75 429,122.28 2,647,627.83 Servicing Fee 34,945.82 181,325.78 42,054.54 258,326.14 Master Servicing Fee 490.16 2,656.62 613.89 3,760.67 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 313,450.82 1,685,636.35 386,453.85 2,385,541.02 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 95.693461% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group Pool 1--6Mo LIBOR Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 95.816999% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%