Wells Fargo Bank Minnesota, N.A. SMT Series 2004-3 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 2004-3 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 outlines the balances, distributions, and realized losses for each class of certificates, confirming 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 f06741fexv10w1.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 2004-3 RECORD DATE: JANUARY 31, 2005 DISTRIBUTION DATE: FEBRUARY 22, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Current Class Pass-Through Certificate Interest Principal Realized Class CUSIP Description Rate Balance Distribution Distribution Loss - ----- ----- ----------- ------------ ----------- ------------- ------------- -------- A 81744FAZ0 SEN 2.33000% 737,654,312.22 1,432,278.78 17,672,547.59 0.00 M-1 81744FBA4 SUB 3.00000% 13,800,000.00 34,500.00 0.00 0.00 M-2 81744FBB2 SUB 3.40000% 9,200,000.00 26,066.67 0.00 0.00 M-3 81744FBC0 SUB 3.59045% 2,300,000.00 6,881.70 0.00 0.00 X 81744FBD8 IO 0.00000% 0.00 796,828.66 0.00 0.00 R 81744FBE6 RES 0.00000% 0.00 0.00 0.00 0.00 -------------- ------------ ------------- ---- Totals 762,954,312.22 2,296,555.81 17,672,547.59 0.00 -------------- ------------ ------------- ---- Ending Cumulative Certificate Total Realized Class CUSIP Balance Distribution Loss - ----- ----- ----------- ------------ ---------- A 81744FAZ0 719,981,764.63 19,104,826.37 0.00 M-1 81744FBA4 13,800,000.00 34,500.00 0.00 M-2 81744FBB2 9,200,000.00 26,066.67 0.00 M-3 81744FBC0 2,300,000.00 6,881.70 0.00 X 81744FBD8 0.00 796,828.66 0.00 R 81744FBE6 0.00 0.00 0.00 -------------- ------------- ---- Totals 745,281,764.63 19,969,103.40 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 Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ----- ------------- ----------- ------------ ------------ --------- -------- --------- A 894,673,000.00 737,654,312.22 0.00 17,672,547.59 0.00 0.00 17,672,547.59 M-1 13,800,000.00 13,800,000.00 0.00 0.00 0.00 0.00 0.00 M-2 9,200,000.00 9,200,000.00 0.00 0.00 0.00 0.00 0.00 M-3 2,300,000.00 2,300,000.00 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- ---- ------------- Totals 919,973,000.00 762,954,312.22 0.00 17,672,547.59 0.00 0.00 17,672,547.59 -------------- -------------- ---- ------------- ---- ---- ------------- Ending Ending Total Certificate Certificate Principal Class Balance Percentage Distribution - ----- ----------- ----------- ------------- A 719,981,764.63 0.80474292 17,672,547.59 M-1 13,800,000.00 1.00000000 0.00 M-2 9,200,000.00 1.00000000 0.00 M-3 2,300,000.00 1.00000000 0.00 X 0.00 0.00000000 0.00 R 0.00 0.00000000 0.00 -------------- ---------- ------------- Totals 745,281,764.63 0.81011265 17,672,547.59 -------------- ---------- -------------
(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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----- ------------- ----------- ------------ ------------ ---------- -------- --------- A 894,673,000.00 824.49600270 0.00000000 19.75308028 0.00000000 0.00000000 19.75308028 M-1 13,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-2 9,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-3 2,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Ending Total Certificate Certificate Principal Class Balance Percentage Distribution - ----- ----------- ----------- ------------- A 804.74292242 0.80474292 19.75308028 M-1 1000.00000000 1.00000000 0.00000000 M-2 1000.00000000 1.00000000 0.00000000 M-3 1000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 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 Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall ----- --------------- ---------- ------- -------- --------- --------- --------- A 894,673,000.00 2.33000% 737,654,312.22 1,432,278.79 0.00 0.00 0.01 M-1 13,800,000.00 3.00000% 13,800,000.00 34,500.00 0.00 0.00 0.00 M-2 9,200,000.00 3.40000% 9,200,000.00 26,066.67 0.00 0.00 0.00 M-3 2,300,000.00 3.59045% 2,300,000.00 6,881.70 0.00 0.00 0.00 X 0.00 0.00000% 767,554,180.19 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- Totals 919,973,000.00 1,499,727.16 0.00 0.00 0.01 -------------- ------------ ---- ---- ---- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance ----- -------- ------------- --------- ------------ A 0.00 1,432,278.78 0.00 719,981,764.63 M-1 0.00 34,500.00 0.00 13,800,000.00 M-2 0.00 26,066.67 0.00 9,200,000.00 M-3 0.00 6,881.70 0.00 2,300,000.00 X 0.00 796,828.66 0.00 749,881,632.60 R 0.00 0.00 0.00 0.00 ---- ------------ ---- Totals 0.00 2,296,555.81 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 Class Original Face Certificate Certificate/ Accrued Interest Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ---- ------------- ----------- ---------------- -------- ---------- --------- --------- A 894,673,000.00 2.33000% 824.49600270 1.60089641 0.00000000 0.00000000 0.00000001 M-1 13,800,000.00 3.00000% 1000.00000000 2.50000000 0.00000000 0.00000000 0.00000000 M-2 9,200,000.00 3.40000% 1000.00000000 2.83333370 0.00000000 0.00000000 0.00000000 M-3 2,300,000.00 3.59045% 1000.00000000 2.99204348 0.00000000 0.00000000 0.00000000 X 0.00 0.00000% 834.32196876 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Class Realized Total Interest Interest Notational (5) Loss (6) Distribution Shortfall Balance - ---- -------- ------------ --------- ----------- A 0.00000000 1.60089639 0.00000000 804.74292242 M-1 0.00000000 2.50000000 0.00000000 1000.00000000 M-2 0.00000000 2.83333370 0.00000000 1000.00000000 M-3 0.00000000 2.99204348 0.00000000 1000.00000000 X 0.00000000 0.86614297 0.00000000 815.11212654 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 20,204,218.90 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 30,191.48 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 -------------- Total Deposits 20,234,410.38 Withdrawals Reimbursement for Servicer Advances 21,141.28 Payment of Service Fee 244,165.70 Payment of Interest and Principal 19,969,103.40 -------------- Total Withdrawals (Pool Distribution Amount) 20,234,410.38 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 240,008.11 Master Servicing Fee 4,157.59 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 244,165.70 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------- --------- ----------- --------- --------- Reserve Fund 10,000.00 0.00 0.00 10,000.00
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 1 124,570.47 0-29 Days 0 0.00 30 Days 27 9,110,217.17 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 2 411,600.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 1 53,392.62 120 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 1 172,939.68 180+ Days 0 0.00 180+ Days 0 0.00 ------ ------------ ---- ---------- ---- ----- 31 9,747,149.47 1 124,570.47 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 0.041929% 0.016612% 0-29 Days 0.000000% 0.000000% 30 Days 1.132075% 1.214882% 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 0.083857% 0.054888% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.041929% 0.006987% 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 0.041929% 0.023062% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 1.299790% 1.299819% 0.041929% 0.016612% 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 1 124,570.47 30 Days 0 0.00 30 Days 27 9,110,217.17 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 2 411,600.00 120 Days 0 0.00 120 Days 1 53,392.62 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 1 172,939.68 ---- ----- ---- ------------ 0 0.00 32 9,871,719.94
No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.041929% 0.016612% 30 Days 0.000000% 0.000000% 30 Days 1.132075% 1.214882% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.083857% 0.054888% 120 Days 0.000000% 0.000000% 120 Days 0.041929% 0.006987% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.041929% 0.023062% -------- -------- -------- -------- 0.000000% 0.000000% 1.341719% 1.316431%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 30,191.48
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.973127% Weighted Average Net Coupon 3.597897% Weighted Average Pass-Through Rate 3.590453% Weighted Average Maturity (Stepdown Calculation) 335 Beginning Scheduled Collateral Loan Count 2,435 Number of Loans Paid in Full 50 Ending Scheduled Collateral Loan Count 2,385 Beginning Scheduled Collateral Balance 767,554,180.19 Ending Scheduled Collateral Balance 749,881,632.60 Ending Actual Collateral Balance at 31-Jan-2005 749,884,877.05 Monthly P&I Constant 2,541,325.46 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 749,881,632.60 Scheduled Principal 0.00 Unscheduled Principal 17,672,547.59 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 4,599,867.97 Overcollateralization Amount 4,599,867.97 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00 Extra Principal Distribution Amount 0.00 Excess Cash Amount 796,828.65
MISCELLANEOUS REPORTING Applied Loss Amount 0.00 1 Month LIBOR Loan Balance 76,742,367.35 6 Month LIBOR Loan Balance 673,139,265.25 M-1 Target Amount 723,635,775.46 M-2 Target Amount 738,633,408.11 M-3 Target Amount 742,382,816.27 Senior Target Amount 701,139,326.48 Step Down Date Reached? No Trigger Event? No