Wells Fargo Bank Minnesota, N.A. SMT Series 2003-8 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 2003-8 trust. It summarizes the principal and interest payments made to certificateholders as of the December 20, 2004 distribution date, based on the Pooling and Servicing Agreement. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were performed according to the governing agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 2 f04403aexv10w1.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 2003-8 RECORD DATE: NOVEMBER 30, 2004 DISTRIBUTION DATE: DECEMBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ----- --------- ----------- ----------------- -------------- ------------ A-1 81743PDX1 SEN 2.46000% 686,291,783.21 1,406,898.15 X-1 81743PDZ6 IO 0.75335% 0.00 391,147.06 A-2 81743PDY9 SEN 2.21063% 134,061,234.36 246,966.49 X-2 81743PEA0 IO 0.20641% 0.00 141,107.88 B-1 81743PED4 SUB 2.73000% 14,166,000.00 32,227.65 X-B 81743PEB8 IO 0.29504% 0.00 4,195.94 B-2 81743PEE2 SUB 3.39000% 8,304,000.00 23,458.80 B-3 81743PEF9 SUB 3.19799% 4,884,000.00 13,015.82 B-4 81743PEG7 SUB 3.19799% 2,443,000.00 6,510.58 B-5 81743PEH5 SUB 3.19799% 1,465,000.00 3,904.21 B-6 81743PEJ1 SUB 3.19799% 3,908,267.00 10,415.50 A-R 81743PEC6 RES 2.56064% 0.00 0.00 -------------- ------------ Totals 855,523,284.57 2,279,848.08 -------------- ------------ Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ----- ------------- ------------- ------------------ -------------- ------------- A-1 13,003,839.21 0.00 673,287,944.00 14,410,737.36 0.00 X-1 0.00 0.00 0.00 391,147.06 0.00 A-2 1,585,593.48 0.00 132,475,640.88 1,832,559.97 0.00 X-2 0.00 0.00 0.00 141,107.88 0.00 B-1 0.00 0.00 14,166,000.00 32,227.65 0.00 X-B 0.00 0.00 0.00 4,195.94 0.00 B-2 0.00 0.00 8,304,000.00 23,458.80 0.00 B-3 0.00 0.00 4,884,000.00 13,015.82 0.00 B-4 0.00 0.00 2,443,000.00 6,510.58 0.00 B-5 0.00 0.00 1,465,000.00 3,904.21 0.00 B-6 0.00 0.00 3,908,267.00 10,415.50 0.00 A-R 0.00 0.00 0.00 0.00 0.00 ------------- ---- --------------- ------------- ---- Totals 14,589,432.69 0.00 840,933,851.88 16,869,280.77 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 Class Amount Balance Distribution Distribution Accretion ----- -------------- -------------- ------------ ------------- --------- A-1 791,768,000.00 686,291,783.21 0.00 13,003,839.21 0.00 X-1 0.00 0.00 0.00 0.00 0.00 A-2 150,000,000.00 134,061,234.36 0.00 1,585,593.48 0.00 X-2 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 X-B 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 B-3 4,884,000.00 4,884,000.00 0.00 0.00 0.00 B-4 2,443,000.00 2,443,000.00 0.00 0.00 0.00 B-5 1,465,000.00 1,465,000.00 0.00 0.00 0.00 B-6 3,908,267.00 3,908,267.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- Totals 976,938,367.00 855,523,284.57 0.00 14,589,432.69 0.00 -------------- -------------- ---- ------------- ---- Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution ----- -------- --------------- ------------------ ------------------ --------------- A-1 0.00 13,003,839.21 673,287,944.00 0.85036014 13,003,839.21 X-1 0.00 0.00 0.00 0.00000000 0.00 A-2 0.00 1,585,593.48 132,475,640.88 0.88317094 1,585,593.48 X-2 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 14,166,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-2 0.00 0.00 8,304,000.00 1.00000000 0.00 B-3 0.00 0.00 4,884,000.00 1.00000000 0.00 B-4 0.00 0.00 2,443,000.00 1.00000000 0.00 B-5 0.00 0.00 1,465,000.00 1.00000000 0.00 B-6 0.00 0.00 3,908,267.00 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 ---- ------------- -------------- ---------- ------------- Totals 0.00 14,589,432.69 840,933,851.88 0.86078496 14,589,432.69 ---- ------------- -------------- ---------- -------------
(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-1 791,768,000.00 866.78393571 0.00000000 16.42379991 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 893.74156240 0.00000000 10.57062320 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 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 16.42379991 850.36013580 0.85036014 16.42379991 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 10.57062320 883.17093920 0.88317094 10.57062320 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 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 Current Certificate/ Current Unpaid Current Original Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - ------ -------------- ----------- -------------- ------------ ---------- --------- A-1 791,768,000.00 2.46000% 686,291,783.21 1,406,898.16 0.00 0.00 X-1 0.00 0.75335% 623,049,735.60 391,147.06 0.00 0.00 A-2 150,000,000.00 2.21063% 134,061,234.36 246,966.49 0.00 0.00 X-2 0.00 0.20641% 820,353,017.57 141,107.88 0.00 0.00 B-1 14,166,000.00 2.73000% 14,166,000.00 32,227.65 0.00 0.00 X-B 0.00 0.29504% 22,470,000.00 5,524.64 0.00 0.00 B-2 8,304,000.00 3.39000% 8,304,000.00 23,458.80 0.00 0.00 B-3 4,884,000.00 3.19799% 4,884,000.00 13,015.82 0.00 0.00 B-4 2,443,000.00 3.19799% 2,443,000.00 6,510.58 0.00 0.00 B-5 1,465,000.00 3.19799% 1,465,000.00 3,904.21 0.00 0.00 B-6 3,908,267.00 3.19799% 3,908,267.00 10,415.50 0.00 0.00 A-R 100.00 2.56064% 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- Totals 976,938,367.00 2,281,176.79 0.00 0.00 -------------- ------------ ---- ----
Remaining Ending Non-Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------ ------------- -------- -------------- --------- -------------- A-1 0.00 0.00 1,406,898.15 0.00 673,287,944.00 X-1 0.00 0.00 391,147.06 0.00 599,839,671.21 A-2 0.00 0.00 246,966.49 0.00 132,475,640.88 X-2 0.00 0.00 141,107.88 0.00 805,763,584.88 B-1 0.00 0.00 32,227.65 0.00 14,166,000.00 X-B 0.00 0.00 4,195.94 0.00 22,470,000.00 B-2 0.00 0.00 23,458.80 0.00 8,304,000.00 B-3 0.00 0.00 13,015.82 0.00 4,884,000.00 B-4 0.00 0.00 6,510.58 0.00 2,443,000.00 B-5 0.00 0.00 3,904.21 0.00 1,465,000.00 B-6 0.00 0.00 10,415.50 0.00 3,908,267.00 A-R 0.00 0.00 0.00 0.00 0.00 ---- ---- ------------ ---- Totals 0.00 0.00 2,279,848.08 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- -------------- ----------- ---------------- --------------- ---------- ---------- A-1 791,768,000.00 2.46000% 866.78393571 1.77690707 0.00000000 0.00000000 X-1 0.00 0.75335% 661.57454447 0.41533271 0.00000000 0.00000000 A-2 150,000,000.00 2.21063% 893.74156240 1.64644327 0.00000000 0.00000000 X-2 0.00 0.20641% 871.07760889 0.14983295 0.00000000 0.00000000 B-1 14,166,000.00 2.73000% 1000.00000000 2.27500000 0.00000000 0.00000000 X-B 0.00 0.29504% 1000.00000000 0.24586738 0.00000000 0.00000000 B-2 8,304,000.00 3.39000% 1000.00000000 2.82500000 0.00000000 0.00000000 B-3 4,884,000.00 3.19799% 1000.00000000 2.66499181 0.00000000 0.00000000 B-4 2,443,000.00 3.19799% 1000.00000000 2.66499386 0.00000000 0.00000000 B-5 1,465,000.00 3.19799% 1000.00000000 2.66498976 0.00000000 0.00000000 B-6 3,908,267.00 3.19799% 1000.00000000 2.66499193 0.00000000 0.00000000 A-R 100.00 2.56064% 0.00000000 0.00000000 0.00000000 0.00000000
Remaining Non-Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- ------------- ---------- -------------- ---------- ------------------- A-1 0.00000001 0.00000000 1.77690706 0.00000000 850.36013580 X-1 0.00000000 0.00000000 0.41533271 0.00000000 636.92934057 A-2 0.00000000 0.00000000 1.64644327 0.00000000 883.17093920 X-2 0.00000000 0.00000000 0.14983295 0.00000000 855.58607309 B-1 0.00000000 0.00000000 2.27500000 0.00000000 1000.00000000 X-B 0.00000000 0.00000000 0.18673520 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.82500000 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.66499181 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.66499386 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.66498976 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.66499193 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 17,136,961.13 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 16,115.17 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 17,153,076.30 Withdrawals Reimbursement for Servicer Advances 10,606.49 Payment of Service Fee 273,189.04 Payment of Interest and Principal 16,869,280.77 ------------- Total Withdrawals (Pool Distribution Amount) 17,153,076.30 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 269,267.89 Master Servicing Fee 3,921.15 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 273,189.04 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------- --------- ----------- -------- --------- Class 1-A Companion Sub Account 4,000.00 0.00 0.00 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 0.00 0.00 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 1,328.70 1,328.70 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 16 5,611,652.98 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 1 100,000.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ - ---- - ---- 17 5,711,652.98 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 0.636943% 0.667312% 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 0.039809% 0.011892% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.676752% 0.679204% 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 16 5,611,652.98 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 1 100,000.00 - ---- -- ------------ 0 0.00 17 5,711,652.98 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 0.636943% 0.667312% 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 0.039809% 0.011892% -------- -------- -------- -------- 0.000000% 0.000000% 0.676752% 0.679204%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 16,115.17
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 4.18228698% 95.817713% 0.000000% Class X-1 35,170,267.00 3.60004973% 35,170,267.00 4.18228698% 0.000000% 0.000000% Class X-2 35,170,267.00 3.60004973% 35,170,267.00 4.18228698% 0.000000% 0.000000% Class B-1 21,004,267.00 2.15000943% 21,004,267.00 2.49773117% 1.684556% 40.278341% Class B-2 12,700,267.00 1.30000698% 12,700,267.00 1.51025755% 0.987474% 23.610853% Class B-3 7,816,267.00 0.80007780% 7,816,267.00 0.92947465% 0.580783% 13.886730% Class B-4 5,373,267.00 0.55001085% 5,373,267.00 0.63896429% 0.290510% 6.946208% Class B-5 3,908,267.00 0.40005257% 3,908,267.00 0.46475320% 0.174211% 4.165450% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.464753% 11.112418%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 1--1 MO LIBOR
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 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%
POOL 1--6 MO LIBOR
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 12 4,597,627.50 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 -- ------------ - ---- - ---- 12 4,597,627.50 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 0.645856% 0.774476% 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% -------- -------- -------- -------- -------- -------- 0.645856% 0.774476% 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 4,597,627.50 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 12 4,597,627.00 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 0.645856% 0.774476% 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% 0.645856% 0.774476%
POOL 2
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 4 1,014,025.48 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 1 100 ,000.00 180+ Days 0 0.00 180+ Days 0 0.00 - ------------ - ---- - ---- 5 1,114,025.48 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 0.919540% 0.734384% 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 0.229885% 0.072423% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 1.149425% 0.806807% 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 4 1,014,025.48 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 1 100,000.00 - ---- - ------------ 0 0.00 5 1,114,025.48 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 0.919540% 0.734384% 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 0.229885% 0.072423% -------- -------- -------- -------- 0.000000% 0.000000% 1.149425% 0.806807%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.581018% Weighted Average Net Coupon 3.203330% Weighted Average Pass-Through Rate 3.197830% Weighted Average Maturity (Stepdown Calculation) 311 Beginning Scheduled Collateral Loan Count 2,545 Number of Loans Paid in Full 33 Ending Scheduled Collateral Loan Count 2,512 Beginning Scheduled Collateral Balance 855,523,285.52 Ending Scheduled Collateral Balance 840,933,852.83 Ending Actual Collateral Balance at 30-Nov-2004 840,933,922.68 Monthly P&I Constant 2,553,037.16 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 16,774,223.58 Ending Scheduled Balance for Premium Loans 840,933,852.83 Scheduled Principal 0.00 Unscheduled Principal 14,589,432.69
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 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.538765 3.596931 3.545766 3.581018 Weighted Average Net Rate 3.147301 3.221549 3.169059 3.203330 Pass-Through Rate 3.141801 3.216049 3.163558 3.197830 Weighted Average Maturity 296 313 312 311 Record Date 11/30/2004 11/30/2004 11/30/2004 11/30/2004 Principal and Interest Constant 327,903.67 1,812,453.95 412,679.54 2,553,037.16 Beginning Loan Count 221 1,884 440 2,545 Loans Paid in Full 2 26 5 33 Ending Loan Count 219 1,858 435 2,512 Beginning Scheduled Balance 111,192,589.78 604,666,800.36 139,663,895.38 855,523,285.52 Ending Scheduled Balance 109,212,121.73 593,643,429.20 138,078,301.90 840,933,852.83 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 1,980,468.05 11,023,371.16 1,585,593.48 14,589,432.69 Scheduled Interest 327,903.67 1,812,453.95 412,679.54 2,553,037.16 Servicing Fee 36,273.18 189,151.05 43,843.66 269,267.89 Master Servicing Fee 509.63 2,771.39 640.13 3,921.15 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 291,120.86 1,620,531.51 368,195.75 2,279,848.12 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 95.869635% 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 95.988469% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%