Wells Fargo Bank Minnesota, N.A. SMT Series 2004-5 Certificateholder Distribution Statement (January 2005)

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 2004-5 trust. It summarizes the principal and interest payments made to certificateholders as of the January 31, 2005 record date and the February 22, 2005 distribution date. The statement details the amounts distributed to each class of certificates, the remaining balances, and any realized losses, in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 2 f06741eexv10w1.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: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution ----- ----- ----------- ----------------- -------------- ------------ ------------- A-1 81744FBS5 SEN 3.58045% 467,207,267.75 1,394,011.16 10,419,797.92 A-2 81744FBT3 SEN 2.76000% 161,019,798.75 370,345.54 2,307,117.39 A-3 81744FCF2 SEN 2.82000% 64,973,797.97 152,688.43 930,954.95 X-1 81744FBU0 IO 0.80000% 0.00 128,570.84 0.00 X-2 81744FBV8 IO 0.18680% 0.00 35,179.91 0.00 X-B 81744FBX4 IO 0.47625% 0.00 9,276.22 0.00 B-1 81744FBZ9 SUB 2.98000% 14,874,000.00 36,937.10 0.00 B-2 81744FCA3 SUB 3.38000% 8,499,000.00 23,938.85 0.00 B-3 81744FCB1 SUB 3.60170% 4,674,000.00 14,028.63 0.00 B-4 81744FCC9 SUB 3.60170% 2,124,000.00 6,375.01 0.00 B-5 81744FCD7 SUB 3.60170% 2,124,000.00 6,375.01 0.00 B-6 81744FCE5 SUB 3.60170% 3,830,447.31 11,496.78 0.00 A-R 81744FBY2 RES 3.08221% 0.00 0.00 0.00 -------------- ------------ ------------- Totals 729,326,311.78 2,189,223.48 13,657,870.26 -------------- ------------ -------------- Current Ending Realized Certificate Total Cumulative Class CUSIP Losses Balance Distribution Realized Loss ----- ----- -------- -------------- ------------- ------------- A-1 81744FBS5 0.00 456,787,469.83 11,8131,809.08 0.00 A-2 81744FBT3 0.00 158,712,681.37 2,677,462.93 0.00 A-3 81744FCF2 0.00 64,042,843.01 1,083,643.38 0.00 X-1 81744FBU0 0.00 0.00 128,570.84 0.00 X-2 81744FBV8 0.00 0.00 35,179.91 0.00 X-B 81744FBX4 0.00 0.00 9,276.22 0.00 B-1 81744FBZ9 0.00 14,874,000.00 36,937.10 0.00 B-2 81744FCA3 0.00 8,499,000.00 23,938.85 0.00 B-3 81744FCB1 0.00 4,674,000.00 14,028.63 0.00 B-4 81744FCC9 0.00 2,124,000.00 6,375.01 0.00 B-5 81744FCD7 0.00 2,124,000.00 6,375.01 0.00 B-6 81744FCE5 0.00 3,830,447.31 11,496.78 0.00 A-R 81744FBY2 0.00 0.00 0.00 0.00 ---- -------------- ------------- ----- Totals 0.00 715,668,441.52 15,847,093.74 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-1 553,000,000.00 467,207,267.75 135,279.06 10,284,518.86 0.00 0.00 A-2 185,867,000.00 161,019,798.75 27,333.94 2,279,783.45 0.00 0.00 A-3 75,000,000.00 64,973,797.97 11,029.63 919,925.32 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 14,874,000.00 14,874,000.00 0.00 0.00 0.00 0.00 B-2 8,499,000.00 8,499,000.00 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 B-4 2,124,000.00 2,124,000.00 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 B-6 3,830,447.31 3,830,447.31 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ---------- ------------- ----- ---- Totals 849,992,547.31 729,326,311.78 173,642.63 13,484,227.63 0.00 0.00 -------------- -------------- ---------- ------------- ----- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution ----- --------------- ------------------ ------------------ --------------- A-1 10,419,797.92 456,787,469.83 0.82601712 10,419,797.92 A-2 2,307,117.39 158,712,681.37 0.85390457 2,307,119.39 A-3 930,954.95 64,042,843.01 0.85390457 930,954.95 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 14,874,000.00 1.00000000 0.00 B-2 0.00 8,499,000.00 1.00000000 0.00 B-3 0.00 4,674,000.00 1.00000000 0.00 B-4 0.00 2,124,000.00 1.00000000 0.00 B-5 0.00 2,124,000.00 1.00000000 0.00 B-6 0.00 3,830,447.31 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 13,657,870.26 715,668,441.52 0.84197025 13,657,870.26 ------------- -------------- ---------- -------------
(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 Class Amount Balance Distribution Distribution Accretion ----- -------------- -------------- ------------ ------------- --------- A-1 553,000,000.00 844.85943535 0.24462759 18.59768329 0.00000000 A-2 185,867,000.00 866.31730619 0.14706182 12.26567088 0.00000000 A-3 75,000,000.00 866.31730627 0.14706173 12.26567093 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,874,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,499,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,674,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,830,447.31 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss(3) Reduction Balance Percentage Distribution ----- ----------- --------------- ------------------ ------------------ --------------- A-1 0.00000000 18.84231089 826.01712447 0.82601712 18.84231089 A-2 0.00000000 12.41273271 853.90457354 0.85390457 12.41273271 A-3 0.00000000 12.41273267 853.90457347 0.85390457 12.41273267 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 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 Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall ----- --------------- ---------------- ----------------- --------------- ----------- ----------- A-1 553,000,000.00 3.58045% 467,207,267.75 1,394,011.16 0.00 0.00 A-2 185,867,000.00 2.76000% 161,019,798.75 370,345.54 0.00 0.00 A-3 75,000,000.00 2.82000% 64,973,797.97 152,688.43 0.00 0.00 X-1 0.00 0.80000% 192,856,262.28 128,570.84 0.00 0.00 X-2 0.00 0.18680% 225,993,596.72 35,179.91 0.00 0.00 X-B 0.00 0.47625% 23,373,000.00 9,276.22 0.00 0.00 B-1 14,874,000.00 2.98000% 14,874,000.00 36,937.10 0.00 0.00 B-2 8,499,000.00 3.38000% 8,499,000.00 23,938.85 0.00 0.00 B-3 4,674,000.00 3.60170% 4,674,000.00 14,028.63 0.00 0.00 B-4 2,124,000.00 3.60170% 2,124,000.00 6,375.01 0.00 0.00 B-5 2,124,000.00 3.60170% 2,124,000.00 6,375.01 0.00 0.00 B-6 3,830,447.31 3.60170% 3,830,447.31 11,496.78 0.00 0.00 A-R 100.00 3.08221% 0.00 0.00 0.00 0.00 --------------- ----------- ----------------- -------------- --------- -------- Totals 849,992,547.31 2,189,223.48 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 0.00 0.00 1,394,011.16 0.00 456,787,469.83 A-2 0.00 0.00 370,345.54 0.00 158,712,681.37 A-3 0.00 0.00 152,688.43 0.00 64,042,8443.01 X-1 0.00 0.00 128,570.84 0.00 185,647,469.97 X-2 0.00 0.00 35,179.91 0.00 222,755,524.38 X-B 0.00 0.00 9,276.22 0.00 23,373,000.00 B-1 0.00 0.00 36,937.10 0.00 14,874,000.00 B-2 0.00 0.00 23,938.85 0.00 8,499,000.00 B-3 0.00 0.00 14,028.63 0.00 4,674,000.00 B-4 0.00 0.00 6,375.01 0.00 2,124,000.00 B-5 0.00 0.00 6,375.01 0.00 2,124,000.00 B-6 0.00 0.00 11,496.78 0.00 3,830,447.31 A-R 0.00 0.00 0.00 0.00 0.00 -------- ------- -------------- ------ -------------- Totals 0.00 0.00 2,189,223.48 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 Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall ----- -------------- ----------- ---------------- --------------- ----------- ---------- A-1 553,000,000.00 3.58045% 844.85943535 2.52081584 0.00000000 0.00000000 A-2 185,867,000.00 2.76000% 866.31730619 1.99252982 0.00000000 0.00000000 A-3 75,000,000.00 2.82000% 866.31730627 2.03584573 0.00000000 0.00000000 X-1 0.00 0.80000% 739.28960842 0.49285973 0.00000000 0.00000000 X-2 0.00 0.18680% 866.31730621 0.13485765 0.00000000 0.00000000 X-B 0.00 0.47625% 1000.00000000 0.39687759 0.00000000 0.00000000 B-1 14,874,000.00 2.98000% 1000.00000000 2.48333333 0.00000000 0.00000000 B-2 8,499,000.00 3.38000% 1000.00000000 2.81666667 0.00000000 0.00000000 B-3 4,674,000.00 3.60170% 1000.00000000 3.00141849 0.00000000 0.00000000 B-4 2,124,000.00 3.60170% 1000.00000000 3.00141714 0.00000000 0.00000000 B-5 2,124,000.00 3.60170% 1000.00000000 3.00141714 0.00000000 0.00000000 B-6 3,830,447.31 3.60170% 1000.00000000 3.00141970 0.00000000 0.00000000 A-R 100.00 3.08221% 0.00000000 0.00000000 0.00000000 0.00000000 Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss(6) Distribution Shortfall Notational Balance ----- ---------- ---------- -------------- ----------- ------------------- A-1 0.00000000 0.00000000 2.52081584 0.00000000 826.01712447 A-2 0.00000000 0.00000000 1.99252982 0.00000000 853.90457354 A-3 0.00000000 0.00000000 2.03584573 0.00000000 853.90457347 X-1 0.00000000 0.00000000 0.49285973 0.00000000 711.65563283 X-2 0.00000000 0.00000000 0.13485765 0.00000000 853.90457352 X-B 0.00000000 0.00000000 0.39687759 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.48333333 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.81666667 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.00141849 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 3.00141714 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 3.00141714 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 3.00141970 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 16,075,640.39 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22,619.88 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ----------------- Total Deposits 16,098,260.27 Withdrawals Reimbursement for Servicer Advances 17,640.00 Payment of Service Fee 233,526.53 Payment of Interest and Principal 15,847,093.74 ----------------- Total Withdrawals (Pool Distribution Amount) 16,098,260.27 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 228,115.58 LPMI 852.65 Master Servicing Fee 4,558.30 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 233,526.53 =============
OTHER ACCOUNTS Account Type Beginning Balance Current Withdrawals Current Deposits Ending 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 21 6,430,392.78 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 291,914.54 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 1 133,459.32 120 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 ---------------------- -------------------------- ----------------------- 23 6,855,766.64 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 0.974478% 0.898514% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.046404% 0.040789% 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 0.046404% 0.018648% 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% --------------------------- --------------------------- ----------------------- 1.067285% 0.957951% 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 21 6,430,392.78 60 Days 0 0.00 60 Days 1 291,914.54 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 1 133,459.32 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------------------- -------------------------- 0 0.00 23 6,855,766.64 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 0.974478% 0.898514% 60 Days 0.000000% 0.000000% 60 Days 0.046404% 0.040789% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.046404% 0.018648% 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% 1.067285% 0.957951% Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 22,619.88
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- -------------- ----------- --------------- ------------ Class A 36,125,447.31 4.25008989% 36,125,447.31 5.04779102% 94.952209% 0.000000% Class X-1 36,125,447.31 4.25008989% 36,125,447.31 5.04779102% 0.000000% 0.000000% Class X-2 36,125,447.31 4.25008989% 36,125,447.31 5.04779102% 0.000000% 0.000000% Class B-1 21,251,447.31 2.50019219% 21,251,447.31 2.96945430% 2.078337% 41.173193% Class B-2 12,752,447.31 1.50030107% 12,752,447.31 1.78189320% 1.187561% 23.526352% Class B-3 8,078,447.31 0.95041390% 8,078,447.31 1.12879748% 0.653096% 12.938248% Class B-4 5,954,447.31 0.70052936% 5,954,447.31 0.83201200% 0.296785% 5.879512% Class B-5 3,830,447.31 0.45064481% 3,830,447.31 0.53522652% 0.296785% 5.879512% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.535227% 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 12 4,281,188.24 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 291,914.54 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 1 133,459.32 120 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 ------- ------------ --- ------ --- ------ 14 4,706,562.10 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 0.800534% 0.889442% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.066711% 0.060647% 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 0.066711% 0.027727% 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% ------- -------- -------- -------- -------- -------- 0.933956% 0.977816% 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 12 4,281,188.24 60 Days 0 0.00 60 Days 1 291,914.54 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 1 133,459.32 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ---- -------- --- ------------ 0 0.00 14 4,706,562.10
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 0.800534% 0.889442% 60 Days 0.000000% 0.000000% 60 Days 0.066711% 0.060647% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.066711% 0.027727% 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% 0.933956% 0.977816%
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------------- ---------------------------------------- -------------------------------------- GROUP TWO 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 9 2,149,204.54 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 -------- ------------- -------- -------- -------- -------- 9 2,149,204.54 0 0.00 0 0.00
GROUP TWO 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 1.371951% 0.917148% 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% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- --------- -------- -------- -------- -------- 1.371951% 0.917148% 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 9 2,149,204.54 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 9 2,149,204.54
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 1.371951% 0.917148% 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% 1.371951% 0.917148%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.986281% Weighted Average Net Coupon 3.610951% Weighted Average Pass-Through Rate 3.602048% Weighted Average Maturity (Stepdown Calculation) 334 Beginning Scheduled Collateral Loan Count 2,188 Number of Loans Paid in Full 33 Ending Scheduled Collateral Loan Count 2,155 Beginning Scheduled Collateral Balance 729,326,311.78 Ending Scheduled Collateral Balance 715,668,441.52 Ending Actual Collateral Balance at 31-Jan-2005 715,669,801.20 Monthly P&I Constant 2,596,392.59 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 15,738,666.13 Ending Scheduled Balance for Premium Loans 715,668,441.52 Scheduled Principal 173,642.63 Unscheduled Principal 13,484,227.63
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description 6 Month LIBOR ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.964593 4.031175 3.986281 Weighted Average Net Rate 3.589102 3.656175 3.610951 Pass-Through Rate 3.580452 3.646748 3.602048 Weighted Average Maturity 336 329 334 Record Date 01/31/2005 01/31/2005 01/31/2005 Principal and Interest Constant 1,759,945.74 836,446.85 2,596,392.59 Beginning Loan Count 1,525 663 2,188 Loans Paid in Full 26 7 33 Ending Loan Count 1,499 656 2,155 Beginning Scheduled Balance 491,752,938.50 237,573,373.28 729,326,311.78 Ending Scheduled Balance 481,333,140.58 234,335,300.94 715,668,441.52 Scheduled Principal 135,279.06 38,363.57 173,642.63 Unscheduled Principal 10,284,518.86 3,199,708.77 13,484,227.63 Scheduled Interest 1,624,666.68 798,083.28 2,422,749.96 Servicing Fee 153,873.89 74,241.69 228,115.58 Master Servicing Fee 3,073.47 1,484.83 4,558.30 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 471.03 381.62 852.65 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 1,467,248.29 721,975.14 2,189,223.43 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 481,333,140.58 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.008536% 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 134,518,901.84 Six-Month Libor Loan Balance 99,816,399.10 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.125810% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%