Wells Fargo Bank Minnesota, N.A. SMT Series 2004-4 Certificateholder Distribution Statement (January 31, 2005 Record Date)

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2004-4 trust. It details 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 lists the classes of certificates, their balances, interest rates, and amounts distributed, as well as confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f06741cexv10w1.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 2004-4 RECORD DATE: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Loss - --------- --------- ----------- ------------ -------------- ------------ -------------- ------------- A 81744FBF3 SEN 2.46125% 670,221,590.18 1,374,652.41 17,177,420.67 0.00 X-1 81744FBG1 SEN 0.80000% 0.00 379,317.92 0.00 0.00 X-2 81744FBH9 SEN 0.37928% 0.00 211,832.42 0.00 0.00 X-B 81744FBJ5 SEN 0.37422% 0.00 7,160.68 0.00 0.00 B-1 81744FBK2 SUB 3.00000% 14,612,000.00 36,530.00 0.00 0.00 B-2 81744FBL0 SUB 3.40000% 8,350,000.00 23,658.33 0.00 0.00 B-3 81744FBM8 SUB 3.51968% 4,175,000.00 12,245.54 0.00 0.00 B-4 81744FBN6 SUB 3.51968% 2,509,000.00 7,359.06 0.00 0.00 B-5 81744FBP1 SUB 3.51968% 2,088,000.00 6,124.24 0.00 0.00 B-6 81744FBQ9 SUB 3.51968% 3,757,983.00 11,022.40 0.00 0.00 A-R 81744FBR7 RES 2.77802% 0.00 0.00 0.00 0.00 - --------- --------- ----------- ------------ -------------- ------------ -------------- ------------- Totals 705,713,573.18 2,069,903.00 17,177,420.67 0.00 - --------- --------- ----------- ------------ -------------- ------------ -------------- ------------- Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - --------- -------------- ------------- ------------- A 653,044,169.51 18,552,073.08 0.00 X-1 0.00 379,317.92 0.00 X-2 0.00 211,832.42 0.00 X-B 0.00 7,160.68 0.00 B-1 14,612,000.00 36,530.00 0.00 B-2 8,350,000.00 23,658.33 0.00 B-3 4,175,000.00 12,245.54 0.00 B-4 2,509,000.00 7,359.06 0.00 B-5 2,088,000.00 6,124.24 0.00 B-6 3,757,983.00 11,022.40 0.00 A-R 0.00 0.00 0.00 - --------- -------------- ------------- ------------- Totals 688,536,152.51 19,247,323.67 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 Total Original Certificate Principal Principal Realized Principal Class Face Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ------ -------------- -------------- ------------ -------------- --------- -------- ------------- A 799,511,000.00 670,221,590.18 0.00 17,177,420.67 0.00 0.00 17,177,420.67 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 14,612,000.00 14,612,000.00 0.00 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 0.00 B-3 4,175,000.00 4,175,000.00 0.00 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 0.00 B-5 2,088,000.00 2,088,000.00 0.00 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 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 - ------ -------------- -------------- ------------ -------------- --------- -------- ------------- Totals 835,003,083.00 705,713,573.18 0.00 17,177,420.67 0.00 0.00 17,177,420.67 - ------ -------------- -------------- ------------ -------------- --------- -------- ------------- Ending Ending Total Certificate Certificate Principal Class Balance Percentage Distribution - ------ -------------- ------------ ------------- A 653,044,169.51 0.81680448 17,177,420.67 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 14,612,000.00 1.00000000 0.00 B-2 8,350,000.00 1.00000000 0.00 B-3 4,175,000.00 1.00000000 0.00 B-4 2,509,000.00 1.00000000 0.00 B-5 2,088,000.00 1.00000000 0.00 B-6 3,757,983.00 1.00000000 0.00 A-R 0.00 0.00000000 0.00 - ------ -------------- ------------ ------------- Totals 688,536,152.51 0.82459115 17,177,420.67 - ------ -------------- ------------ -------------
(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 799,511,000.00 838.28939212 0.00000000 21.48490849 0.00000000 0.00000000 21.48490849 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 14,612,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,350,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,175,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,509,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,088,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,757,983.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----- ----------------- ------------------ --------------- A 816.80448363 0.81680448 21.48490849 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 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 Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - ------ --------------- ----------- -------------- ------------ ----------- --------- A 799,511,000.00 2.46125% 670,221,590.18 1,374,652.41 0.00 0.00 X-1 0.00 0.80000% 568,976,882.65 379,317.92 0.00 0.00 X-2 0.00 0.37928% 670,221,590.18 211,832.42 0.00 0.00 X-B 0.00 0.37422% 22,962,000.00 7,160.68 0.00 0.00 B-1 14,612,000.00 3.00000% 14,612,000.00 36,530.00 0.00 0.00 B-2 8,350,000.00 3.40000% 8,350,000.00 23,658.33 0.00 0.00 B-3 4,175,000.00 3.51968% 4,175,000.00 12,245.54 0.00 0.00 B-4 2,509,000.00 3.51968% 2,509,000.00 7,359.06 0.00 0.00 B-5 2,088,000.00 3.51968% 2,088,000.00 6,124.24 0.00 0.00 B-6 3,757,983.00 3.51968% 3,757,983.00 11,022.40 0.00 0.00 A-R 100.00 2.77802% 0.00 0.00 0.00 0.00 - ------ -------------- ----------- -------------- ------------ -------- ------- Totals 835,003,083.00 2,069,903.00 0.00 0.00 - ------ -------------- ----------- -------------- ------------ -------- ------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- -------- -------------- --------- --------------- A 0.00 0.00 1,374,652.41 0.00 653,044,169.51 X-1 0.00 0.00 379,317.92 0.00 547,662,332.94 X-2 0.00 0.00 211,832.42 0.00 653,044,169.51 X-B 0.00 0.00 7,160.68 0.00 22,962,000.00 B-1 0.00 0.00 36,530.00 0.00 14,612,000.00 B-2 0.00 0.00 23,658.33 0.00 8,350,000.00 B-3 0.00 0.00 12,245.54 0.00 4,175,000.00 B-4 0.00 0.00 7,359.06 0.00 2,509,000.00 B-5 0.00 0.00 6,124.24 0.00 2,088,000.00 B-6 0.00 0.00 11,022.40 0.00 3,757,983.00 A-R 0.00 0.00 0.00 0.00 0.00 - ------ ------- ------ ------------- ------- -------------- Totals 0.00 0.00 2,069,903.00 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 Current Unpaid Current Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ----------- -------------- ------------ ---------------- ---------- ---------- ---------- ---------- A 799,511,000.00 2.46125% 838.28939212 1.71936648 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 711.65610311 0.47443740 0.00000000 0.00000000 0.00000000 X-2 0.00 0.37928% 838.28939212 0.26495248 0.00000000 0.00000000 0.00000000 X-B 0.00 0.37422% 1000.00000000 0.31184914 0.00000000 0.00000000 0.00000000 B-1 14,612,000.00 3.00000% 1000.00000000 2.50000000 0.00000000 0.00000000 0.00000000 B-2 8,350,000.00 3.40000% 1000.00000000 2.83333293 0.00000000 0.00000000 0.00000000 B-3 4,175,000.00 3.51968% 1000.00000000 2.93306347 0.00000000 0.00000000 0.00000000 B-4 2,509,000.00 3.51968% 1000.00000000 2.93306497 0.00000000 0.00000000 0.00000000 B-5 2,088,000.00 3.51968% 1000.00000000 2.93306513 0.00000000 0.00000000 0.00000000 B-6 3,757,983.00 3.51968% 1000.00000000 2.93306276 0.00000000 0.00000000 0.00000000 A-R 100.00 2.77802% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Total Unpaid Certificate/ Realized Interest Interest Notational Class (5) Loss (6) Distribution Shortfall Balance - ----------- ---------- ------------ ---------- -------------- A 0.00000000 1.71936648 0.00000000 816.80448363 X-1 0.00000000 0.47443740 0.00000000 684.99662036 X-2 0.00000000 0.26495248 0.00000000 816.80448363 X-B 0.00000000 0.31184914 0.00000000 1000.00000000 B-1 0.00000000 2.50000000 0.00000000 1000.00000000 B-2 0.00000000 2.83333293 0.00000000 1000.00000000 B-3 0.00000000 2.93306347 0.00000000 1000.00000000 B-4 0.00000000 2.93306497 0.00000000 1000.00000000 B-5 0.00000000 2.93306513 0.00000000 1000.00000000 B-6 0.00000000 2.93306276 0.00000000 1000.00000000 A-R 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 19,466,787.74 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 20,370.76 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 19,487,158.50 Withdrawals Reimbursement for Servicer Advances 14,338.68 Payment of Service Fee 225,496.15 Payment of Interest and Principal 19,247,323.67 ------------- Total Withdrawals (Pool Distribution Amount) 19,487,158.50 Ending Balance 0.00 =============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 ---- 0.00 Non-Supported Prepayment Curtailment Interest Shortfall ====
SERVICING FEES Gross Servicing Fee 221,085.41 Master Servicing Fee 4,410.74 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 225,496.15 ==========
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
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 21 6,299,539.92 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 1 138,400.00 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 2 312,548.71 180+ Days 0 0.00 180+ Days 0 0.00 --- ------------ --- ------------- --- ------------ 24 6,750,488.63 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 0.970425% 0.914913% 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 0.046211% 0.020101% 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 0.092421% 0.045393% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ---------- --------- --------- --------- --------- --------- 1.109057% 0.980407% 0.000000% 0.000000% 0.000000% 0.000000% Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 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 21 6,299,539.92 60 Days 0 0.00 60 Days 0 .0.00 90 Days 0 0.00 90 Days 1 138,400.00 120 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 2 312,548.71 --- -------------- ---- ------------- 0 0.00 24 6,750,488.63 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 0.970425% 0.914913% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.046211% 0.020101% 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 0.092421% 0.045393% --------- --------- --------- --------- 0.000000% 0.000000% 1.109057% 0.980407% Periodic Advance 20,370.76
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ------------ ------------- ----------- --------------- ------------- Class A 35,491,983.00 4.25052119% 35,491,983.00 5.15470144% 94.845298% 0.000000% Class X-1 35,491,983.00 4.25052119% 35,491,983.00 5.15470144% 0.000000% 0.000000% Class X-2 35,491,983.00 4.25052119% 35,491,983.00 5.15470144% 0.000000% 0.000000% Class B-1 20,879,983.00 2.50058753% 20,879,983.00 3.03251803% 2.122183% 41.169861% Class B-2 12,529,983.00 1.50059123% 12,529,983.00 1.81980030% 1.212718% 23.526440% Class B-3 8,354,983.00 1.00059307% 8,354,983.00 1.21344144% 0.606359% 11.763220% Class B-4 5,845,983.00 0.70011514% 5,845,983.00 0.84904518% 0.364396% 7.069202% Class B-5 3,757,983.00 0.45005618% 3,757,983.00 0.54579313% 0.303252% 5.883019% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.545793% 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 3.903112% Weighted Average Net Coupon 3.527177% Weighted Average Pass-Through Rate 3.519677% Weighted Average Maturity (Stepdown Calculation) 333 Beginning Scheduled Collateral Loan Count 2,207 Number of Loans Paid in Full 43 Ending Scheduled Collateral Loan Count 2,164 Beginning Scheduled Collateral Balance 705,713,573.92 Ending Scheduled Collateral Balance 688,536,153.25 Ending Actual Collateral Balance at 31-Jan-2005 688,539,455.95 Monthly P&I Constant 2,295,399.12 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 19,150,384.10 Ending Scheduled Balance for Premium Loans 688,536,153.25 Scheduled Principal 0.00 Unscheduled Principal 17,177,420.67
MISCELLANEOUS REPORTING One-Month Libor Loan Balance` 97,249,581.12 Six-Month Libor Loan Balance 591,286,572.13 Prorata Senior Percentage 94.970766% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%