Certificateholder Distribution Statement for SMT Series 2004-2 Administered by Wells Fargo Bank Minnesota, N.A.

Contract Categories: Business Operations › Distribution Agreements
Summary

This document is a distribution statement for certificateholders of the SMT Series 2004-2, administered by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of November 30, 2004, with distributions occurring on December 20, 2004. The statement outlines the beginning and ending balances, interest rates, and payment amounts for each class, confirming that all distributions were calculated according to the Pooling and Servicing Agreement. No realized losses are reported for this period.

Read More Arrow
EX-10.1 2 f04403cexv10w1.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 2004-2 RECORD DATE: NOVEMBER 30, 2004 DISTRIBUTION DATE: DECEMBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Current Ending Cumulative Class Pass- Certificate Interest Principal Realized Certificate Total Realized Class CUSIP Description Through Rate Balance Distribution Distribution Loss Balance Distribution Loss - ------------------------------------------------------------------------------------------------------------------------------------ A 81744FAN7 SEN 2.19125% 577,379,974.80 1,054,319.89 11,547,483.69 0.00 565,832,491.11 12,601,803.58 0.00 X-1 81744FAP2 IO 0.80000% 0.00 319,157.41 0.00 0.00 0.00 319,157.41 0.00 X-2 81744FAQ0 IO 0.40801% 0.00 196,316.29 0.00 0.00 0.00 196,316.29 0.00 X-B 81744FAR8 IO 0.44145% 0.00 6,824.16 0.00 0.00 0.00 6,824.16 0.00 B-1 81744FAT4 SUB 2.64000% 11,550,000.00 25,410.00 0.00 0.00 11,550,000.00 25,410.00 0.00 B-2 81744FAU1 SUB 3.12000% 7,000,000.00 18,200.00 0.00 0.00 7,000,000.00 18,200.00 0.00 B-3 81744FAV9 SUB 3.26259% 3,150,000.00 8,564.29 0.00 0.00 3,150,000.00 8,564.29 0.00 B-4 81744FAW7 SUB 3.26259% 1,750,000.00 4,757.94 0.00 0.00 1,750,000.00 4,757.94 0.00 B-5 81744FAX5 SUB 3.26259% 1,400,000.00 3,806.35 0.00 0.00 1,400,000.00 3,806.35 0.00 B-6 81744FAY6 SUB 3.26259% 3,150,069.00 8,564.48 0.00 0.00 3,150,069.00 8,564.48 0.00 A-R 81744FAS6 RES 2.66948% 0.00 481.67 0.00 0.00 0.00 481.67 0.00 - --------------------------------------------------------------------------------------------------------------------------------- Totals 605,380,043.80 1,646,402.48 11,547,483.69 0.00 593,832,560.11 13,193,886.17 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 671,998,000.00 577,379,974.80 0.00 11,547,483.69 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 11,550,000.00 11,550,000.00 0.00 0.00 0.00 0.00 B-2 7,000,000.00 7,000,000.00 0.00 0.00 0.00 0.00 B-3 3,150,000.00 3,150,000.00 0.00 0.00 0.00 0.00 B-4 1,750,000.00 1,750,000.00 0.00 0.00 0.00 0.00 B-5 1,400,000.00 1,400,000.00 0.00 0.00 0.00 0.00 B-6 3,150,069.00 3,150,069.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 - -------------------------------------------------------------------------------------- Totals 699,998,169.00 605,380,043.80 0.00 11,547,483.69 0.00 0.00 - -------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------- A 11,547,483.69 565,832,491.11 0.84201514 11,547,483.69 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 11,550,000.00 1.00000000 0.00 B-2 0.00 7,000,000.00 1.00000000 0.00 B-3 0.00 3,150,000.00 1.00000000 0.00 B-4 0.00 1,750,000.00 1.00000000 0.00 B-5 0.00 1,400,000.00 1.00000000 0.00 B-6 0.00 - 3,150,069.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 - ------------------------------------------------------------------------------- Totals 11,547,483.69 593,832,560.11 0.84833445 11,547,483.69 - -------------------------------------------------------------------------------
(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 Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ------------------------------------------------------------------------------------------ A 671,998,000.00 859.19894821 0.00000000 17.18380663 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 11,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 7,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,150,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,150,069.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------ Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------- A 17.18380663 842.01514158 0.84201514 17.18380663 X-1 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 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 Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------------------------------------------------------------------------------------------------------------- A 671,998,000.00 2.19125% 577,379,974.80 1,054,319.89 0.00 0.00 0.00 0.00 X-1 0.00 0.80000% 478,736,120.69 319,157.41 0.00 0.00 0.00 0.00 X-2 0.00 0.40801% 577,379,974.80 196,316.29 0.00 0.00 0.00 0.00 X-B 0.00 0.44145% 18,550,000.00 6,824.16 0.00 0.00 0.00 0.00 B-1 11,550,000.00 2.64000% 11,550,000.00 25,410.00 0.00 0.00 0.00 0.00 B-2 7,000,000.00 3.12000% 7,000,000.00 18,200.00 0.00 0.00 0.00 0.00 B-3 3,150,000.00 3.26259% 3,150,000.00 8,564.29 0.00 0.00 0.00 0.00 B-4 1,750,000.00 3.26259% 1,750,000.00 4,757.94 0.00 0.00 0.00 0.00 B-5 1,400,000.00 3.26259% 1,400,000.00 3,806.35 0.00 0.00 0.00 0.00 B-6 3,150,069.00 3.26259% 3,150,069.00 8,564.48 0.00 0.00 0.00 0.00 A-R 100.00 2.66948% 0.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------- Totals 699,998,169.00 1,645,920.81 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------------------------------------------------- A 1,054,319.89 0.00 565,832,491.11 X-1 319,157.41 0.00 460,867,657.98 X-2 196,316.29 0.00 565,832,491.11 X-B 6,824.16 0.00 18,550,000.00 B-1 25,410.00 0.00 11,550,000.00 B-2 18,200.00 0.00 7,000,000.00 B-3 8,564.29 0.00 3,150,000.00 B-4 4,757.94 0.00 1,750,000.00 B-5 3,806.35 0.00 1,400,000.00 B-6 8,564.48 0.00 3,150,069.00 A-R 481.67 0.00 0.00 - ------------------------------------------------- Totals 1,646,402.48 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 Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ---------------------------------------------------------------------------------------------------------------------- A 671,998,000.00 2.19125% 859.19894821 1.56893308 0.00000000 0.00000000 0.00000001 0.00000000 X-1 0.00 0.80000% 712.40706176 0.47493804 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.40801% 859.19894821 0.29213821 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.44145% 1000.00000000 0.36787925 0.00000000 0.00000000 0.00000000 0.00000000 B-1 11,550,000.00 2.64000% 1000.00000000 2.20000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 7,000,000.00 3.12000% 1000.00000000 2.60000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,150,000.00 3.26259% 1000.00000000 2.71882222 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,750,000.00 3.26259% 1000.00000000 2.71882286 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,400,000.00 3.26259% 1000.00000000 2.71882143 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,150,069.00 3.26259% 1000.00000000 2.71882298 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.66948% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ---------------------------------------------------------------------------------------------------------------------- Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ------------------------------------------------------ A 1.56893308 0.00000000 842.01514158 X-1 0.47493804 0.00000000 685.81700835 X-2 0.29213821 0.00000000 842.01514158 X-B 0.36787925 0.00000000 1000.00000000 B-1 2.20000000 0.00000000 1000.00000000 B-2 2.60000000 0.00000000 1000.00000000 B-3 2.71882222 0.00000000 1000.00000000 B-4 2.71882286 0.00000000 1000.00000000 B-5 2.71882143 0.00000000 1000.00000000 B-6 2.71882298 0.00000000 1000.00000000 A-R 4816.70000000 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 13,391,508.36 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 26,481.93 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 13,417,990.29 Withdrawals Reimbursement for Servicer Advances 28,691.91 Payment of Service Fee 195,412.21 Payment of Interest and Principal 13,193,886.17 ------------- Total Withdrawals (Pool Distribution Amount) 13,417,990.29 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 190,618.21 Master Servicing Fee 4,794.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 195,412.21 ==========
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 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 26 8,738,864.56 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 431,679.32 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 ----------------------- ------------------ ------------------ 28 9,170,543.88 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 1.473088% 1.471170% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.113314% 0.072672% 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% --------------------- ------------------- ------------------- 1.586402% 1.543842% 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 26 8,738,864.56 60 Days 0 0.00 60 Days 2 431,679.32 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 28 9,170,543.88 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 1.473088% 1.471170% 60 Days 0.000000% 0.000000% 60 Days 0.113314% 0.072672% 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% 1.586402% 1.543842%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 26,481.93
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 28,000,069.00 4.00002032% 28,000,069.00 4.71373919% 95.256436% 0.000000% Class X-1 28,000,069.00 4.00002032% 28,000,069.00 4.71373919% 0.000000% 0.000000% Class X-2 28,000,069.00 4.00002032% 28,000,069.00 4.71373919% 0.000000% 0.000000% Class B-1 16,450,069.00 2.35001600% 16,450,069.00 2.76932656% 1.944131% 41.249898% Class B-2 9,450,069.00 1.35001339% 9,450,069.00 1.59089467% 1.178432% 24.999938% Class B-3 6,300,069.00 0.90001221% 6,300,069.00 1.06060032% 0.530294% 11.249972% Class B-4 4,550,069.00 0.65001156% 4,550,069.00 0.76599235% 0.294608% 6.249985% Class B-5 3,150,069.00 0.45001103% 3,150,069.00 0.53030597% 0.235686% 4.999988% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.530306% 11.250219%
Please refer to the prospectus supplement for a full description of loss exposure COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.649825% Weighted Average Net Coupon 3.272087% Weighted Average Pass-Through Rate 3.262587% Weighted Average Maturity (Stepdown Calculation) 335 Beginning Scheduled Collateral Loan Count 1,795 Number of Loans Paid in Full 30 Ending Scheduled Collateral Loan Count 1,765 Beginning Scheduled Collateral Balance 605,557,204.61 Ending Scheduled Collateral Balance 594,009,720.92 Ending Actual Collateral Balance at 30-Nov-2004 594,007,818.45 Monthly P&I Constant 1,841,814.71 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 13,124,101.44 Ending Scheduled Balance for Premium Loans 594,009,720.92 Scheduled Principal 0.00 Unscheduled Principal 11,547,483.69
MISCELLANEOUS REPORTING One-Month Libor Loan Balance 70,982,569.74 Six-Month Libor Loan Balance 523,027,151.18 Prorata Senior Percentage 95.346892% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%