Wells Fargo Bank Minnesota, N.A. SMT Series 2004-4 Certificateholder Distribution Statement (December 2004)

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 2004-4 trust. It summarizes the principal and interest payments made to certificateholders as of December 31, 2004, with distributions occurring on January 20, 2005. 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 f05544nexv10w1.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 2004-4 RECORD DATE: DECEMBER 31, 2004 DISTRIBUTION DATE: JANUARY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Certificate Interest Principal Current Class CUSIP Description Pass-Through Balance Distribution Distribution Realized Loss Rate - ------------ ---------------- ------------- ----------------- ------------------ ---------------- --------------- --------------- A 81744FBF3 SEN 2.46125% 685,144,387.25 1,405,259.69 14,922,797.07 0.00 X-1 81744FBG1 SEN 0.80000% 0.00 394,074.04 0.00 0.00 X-2 81744FBH9 SEN 0.27257% 0.00 155,652.79 0.00 0.00 X-B 81744FBJ5 SEN 0.36852% 0.00 7,057.63 0.00 0.00 B-1 81744FBK2 SUB 2.91000% 14,612,000.00 35,434.10 0.00 0.00 B-2 81744FBL0 SUB 3.31000% 8,350,000.00 23,032.08 0.00 0.00 B-3 81744FBM8 SUB 3.42398% 4,175,000.00 11,912.59 0.00 0.00 B-4 81744FBN6 SUB 3.42398% 2,509,000.00 7,158.97 0.00 0.00 B-5 81744FBP1 SUB 3.42398% 2,088,000.00 5,957.72 0.00 0.00 B-6 81744FBQ9 SUB 3.42398% 3,757,983.00 10,722.71 0.00 0.00 A-R 81744FBR7 RES 2.77956% 0.00 0.00 0.00 0.00 - ------------ ---------------- ------------- ----------------- ------------------ ---------------- --------------- --------------- Totals 720,636,370.25 2,056,262.32 14,922,797.07 0.00 - ------------ ---------------- ------------- ----------------- ------------------ ---------------- --------------- ---------------
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Ending Total Cumulative Class Certificate Distribution Realized Loss Balance - ------------ ------------------ ----------------- ---------------- A 670,221,590.18 16,328,056.76 0.00 X-1 0.00 394,074.04 0.00 X-2 0.00 155,652.79 0.00 X-B 0.00 7,057.63 0.00 B-1 14,612,000.00 35,434.10 0.00 B-2 8,350,000.00 23,032.08 0.00 B-3 4,175,000.00 11,912.59 0.00 B-4 2,509,000.00 7,158.97 0.00 B-5 2,088,000.00 5,957.72 0.00 B-6 3,757,983.00 10,722.71 0.00 A-R 0.00 0.00 0.00 - ------------ ------------------ ----------------- ---------------- Totals 705,713,573.18 16,979,059.39 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 Class Amount Balance Distribution Distribution Accretion Loss (1) Principal Reduction - ------------ ----------------- ------------------ -------------- ----------------- ----------- ------------ ---------------- A 799,511,000.00 685,144,387.25 444.86 14,922,352.21 0.00 0.00 14,922,797.07 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 835,003,083.00 720,636,370.25 444.86 14,922,352.21 0.00 0.00 14,922,797.07 - ------------ ----------------- ------------------ -------------- ----------------- ----------- ------------ ----------------
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Ending Ending Total Principal Class Certificate Certificate Distribution Balance Percentage - ------------ ------------------- ------------------- ------------------ A 670,221,590.18 0.83828939 14,922,797.07 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 705,713,573.18 0.84516284 14,922,797.07 - ------------ ------------------- ------------------- ------------------
(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 Class Amount Balance Distribution Distribution Accretion Loss (3) Principal Reduction - ------------ ---------------- ----------------- ------------- ---------------- ------------- -------------- ---------------- A 799,511,000.00 856.95429738 0.00055642 18.66434885 0.00000000 0.00000000 18.66490526 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 - ------------ ---------------- ----------------- ------------- ---------------- ------------- -------------- ----------------
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Ending Ending Total Principal Class Certificate Certificate Distribution Balance Percentage - ------------ ------------------- ------------------- ----------------- A 838.28939212 0.83828939 18.66490526 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 Non-Supported Certificate/ Current Unpaid Current Interest Original Face Current Notional Accrued Interest Interest Shortfall Realized Class Amount Certificate Balance Interest Shortfall Shortfall Loss (4) Rate - ---------- ------------------- ---------------- ---------------- -------------- ------------- ------------- ------------ ----------- A 799,511,000.00 2.46125% 685,144,387.25 1,405,259.69 0.00 0.00 (0.01) 0.00 X-1 0.00 0.80000% 591,070,494.30 394,047.00 0.00 0.00 0.00 0.00 X-2 0.00 0.27257% 685,144,387.25 155,625.75 0.00 0.00 0.00 0.00 X-B 0.00 0.36852% 22,962,000.00 7,051.62 0.00 0.00 0.00 0.00 B-1 14,612,000.00 2.91000% 14,612,000.00 35,434.10 0.00 0.00 0.00 0.00 B-2 8,350,000.00 3.31000% 8,350,000.00 23,032.08 0.00 0.00 0.00 0.00 B-3 4,175,000.00 3.42398% 4,175,000.00 11,912.59 0.00 0.00 0.00 0.00 B-4 2,509,000.00 3.42398% 2,509,000.00 7,158.97 0.00 0.00 0.00 0.00 B-5 2,088,000.00 3.42398% 2,088,000.00 5,957.72 0.00 0.00 0.00 0.00 B-6 3,757,983.00 3.42398% 3,757,983.00 10,722.71 0.00 0.00 0.00 0.00 A-R 100.00 2.77956% 0.00 0.00 0.00 0.00 0.00 0.00 - ---------- ------------------- ---------------- ---------------- -------------- ------------- ------------- ------------ ----------- Totals 835,003,083.00 2,056,202.23 0.00 0.00 (0.01) 0.00 - ---------- ------------------- ---------------- ---------------- -------------- ------------- ------------- ------------ -----------
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Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ---------- ---------------- ------------- ------------------ A 1,405,259.69 0.00 670,221,590.18 X-1 394,074.04 0.00 568,976,882.65 X-2 155,652.79 0.00 670,221,590.18 X-B 7,057.63 0.00 22,962,000.00 B-1 35,434.10 0.00 14,612,000.00 B-2 23,032.08 0.00 8,350,000.00 B-3 11,912.59 0.00 4,175,000.00 B-4 7,158.97 0.00 2,509,000.00 B-5 5,957.72 0.00 2,088,000.00 B-6 10,722.71 0.00 3,757,983.00 A-R 0.00 0.00 0.00 - ---------- ---------------- ------------- ------------------ Totals 2,056,262.32 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-Supported Current Beginning Unpaid Current Interest Class (5) Original Face Certificate Certificate/ Current Accrued Interest Interest Shortfall Realized Amount Rate Notional Balance Interest Shortfall Shortfall Loss (6) - ---------- ----------------- ----------- ---------------- ----------------- -------------- ------------ ------------ ------------- A 799,511,000.00 2.46125% 856.95429738 1.75764898 0.00000000 0.00000000 (0.00000001) 0.00000000 X-1 0.00 0.80000% 739.29000889 0.49286001 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.27257% 856.96529738 0.19465117 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.36852% 1000.00000000 0.30709956 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,612,000.00 2.91000% 1000.00000000 2.42500000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,350,000.00 3.31000% 1000.00000000 2.75833293 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,175,000.00 3.42398% 1000.00000000 2.85331497 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,509,000.00 3.42398% 1000.00000000 2.85331606 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,088,000.00 3.42398% 1000.00000000 2.85331418 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,757,983.00 3.42398% 1000.00000000 2.85331520 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.77956% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ---------- ----------------- ----------- ---------------- ----------------- -------------- ------------ ------------ -------------
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Remaining Unpaid Class (5) Total Interest Interest Ending Certificate/ Distribution Shortfall Notational Balance - ---------- ----------------- ------------ ------------------- A 1.75764898 0.00000000 838.28939212 X-1 0.49289383 0.00000000 711,65610311 X-2 0.19468499 0.00000000 838.28939212 X-B 0.30736129 0.00000000 1000.00000000 B-1 2.42500000 0.00000000 1000.00000000 B-2 2.75833293 0.00000000 1000.00000000 B-3 2.85331497 0.00000000 1000.00000000 B-4 2.85331606 0.00000000 1000.00000000 B-5 2.58331418 0.00000000 1000.00000000 B-6 2.85331520 0.00000000 1000.00000000 A-R 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 17,226,665.24 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 14,338.68 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 -------------------- Total Deposits 17,241,003.92 Withdrawals Reimbursement for Servicer Advances 31,669.78 Payment of Service Fee 230,274.75 Payment of Interest and Principal 16,979,059.39 -------------------- Total Withdrawals (Pool Distribution Amount) 17,241,003.92 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 (0.01) ==================
SERVICING FEES
Gross Servicing Fee 225,770.74 Master Servicing Fee 4,504.01 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------------ Net Servicing Fee 230,274.75 ==================
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------------------- ---------------- ------------------ -------------- ------------ Class X-1 Sub Account 4,500.00 27.04 27.04 4,500.00 Class X-2 Sub Account 4,500.00 27.04 27.04 4,500.00 Class X-B Sub Account 1,000.00 6.01 6.01 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 15 3,517,921.78 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 869,873.67 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 - ------------ ------------ ------------- ---------- ----------- ----------- ----------- ----------- ----------- 21 4,838,744.16 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 0.679656% 0.498490% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.135931% 0.123261% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.045310% 0.019611% 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 0.090621% 0.044288% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% - ------------ ------------ ------------- ---------- ----------- ----------- ----------- ----------- ----------- 0.951518% 0.685651% 0.000000% 0.000000% 0.000000% 0.000000%
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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 15 3,517,921.78 60 Days 0 0.00 60 Days 3 869,873.67 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 21 4,838,744.16 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 0.679656% 0.498490% 60 Days 0.000000% 0.000000% 60 Days 0.135931% 0.123261% 90 Days 0.000000% 0.000000% 90 Days 0.045310% 0.019611% 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 0.090621% 0.044288% ----------- ------------ ----------- ----------- ----------- ------------- 0.000000% 0.000000% 0.951518% 0.685651%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 14,338.68
Original $ Original% Current $ Current % - ----------------------- --- ---------------------- -- ------------------------- --- --------------------- --- ---------------------- Class A 35,491,983.00 4.25052119% 35,491,983.00 5.02923343% Class X-1 35,491,983.00 4.25052119% 35,491,983.00 5.02923343% Class X-2 35,491,983.00 4.25052119% 35,491,983.00 5.02923343% Class B-1 20,879,983.00 2.50058753% 20,879,983.00 2.95870503% Class B-2 12,529,983.00 1.50059123% 12,529,983.00 1.77550545% Class B-3 8,354,983.00 1.00059307% 8,354,983.00 1.18390567% Class B-4 5,845,983.00 0.70011514% 5,845,983.00 0.82837899% Class B-5 3,757,983.00 0.45005618% 3,757,983.00 0.53250825% Class B-6 0.00 0.00000000% 0.00 0.00000000%
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Current Class % Prepayment % - ----------------------- --- ---------------------- -- -------------------- Class A 94.970766% 0.000000% Class X-1 0.000000% 0.000000% Class X-2 0.000000% 0.000000% Class B-1 2.070528% 41.169861% Class B-2 1.183200% 23.526440% Class B-3 0.591600% 11.763220% Class B-4 0.355527% 7.069202% Class B-5 0.295871% 5.883019% Class B-6 0.532508% 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 3.807430% Weighted Average Net Coupon 3.431477% Weighted Average Pass-Through Rate 3.423977% Weighted Average Maturity (Stepdown Calculation) 334 Beginning Scheduled Collateral Loan Count 2,248 Number of Loans Paid in Full 41 Ending Scheduled Collateral Loan Count 2,207 Beginning Scheduled Collateral Balance 720,636,370.99 Ending Scheduled Collateral Balance 705,713,573.92 Ending Actual Collateral Balance at 31-Dec-2004 705,715,641.72 Monthly P&I Constant 2,286,921.78 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 16,884,781.12 Ending Scheduled Balance for Premium Loans 705,713,573.92 Scheduled Principal 444.86 Unscheduled Principal 14,922,352.21
MISCELLANEOUS REPORTING One-Month Libor Loan Balance 98,533,684.05 Six-Month Libor Loan Balance 607,179,889.87 Prorata Senior Percentage 95.074911% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%