Certificateholder Distribution Statement for SMT Series 2004-5 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. for certificateholders of the SMT Series 2004-5 trust. It details the principal and interest payments made to holders of various classes of certificates as of November 30, 2004, with distributions occurring on December 20, 2004. The statement summarizes the amounts distributed, remaining balances, and interest rates for each class, as well as confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 2 f04403fexv10w1.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: 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 81744FBS5 SEN 3.56492% 496,097,792.61 1,473,791.40 A-2 81744FBT3 SEN 2.40000% 173,564,015.73 347,128.02 A-3 81744FCF2 SEN 2.82000% 70,035,569.41 164,583.58 X-1 81744FBU0 IO 0.80000% 0.00 138,715.96 X-2 81744FBV8 IO 0.21205% 0.00 43,046.83 X-B 81744FBX4 IO 0.75178% 0.00 14,642.78 B-1 81744FBZ9 SUB 2.62000% 14,874,000.00 32,474.90 B-2 81744FCA3 SUB 3.02000% 8,499,000.00 21,389.15 B-3 81744FCB1 SUB 3.51723% 4,674,000.00 13,699.61 B-4 81744FCC9 SUB 3.51723% 2,124,000.00 6,225.50 B-5 81744FCD7 SUB 3.51723% 2,124,000.00 6,225.50 B-6 81744FCE5 SUB 3.51723% 3,830,447.31 11,227.13 A-R 81744FBY2 RES 3.08335% 0.00 0.00 -------------- ------------ Totals 775,822,825.06 2,273,150.36 ============== ============ Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------- ------------- ------------------ ------------- ------------- A-1 18,648,731.01 0.00 477,449,061.60 20,122,522.41 0.00 A-2 6,891,894.76 0.00 166,672,120.97 7,239,022.78 0.00 A-3 2,780,978.37 0.00 67,254,591.04 2,945,561.95 0.00 X-1 0.00 0.00 0.00 138,715.96 0.00 X-2 0.00 0.00 0.00 43,046.83 0.00 X-B 0.00 0.00 0.00 14,642.78 0.00 B-1 0.00 0.00 14,874,000.00 32,474.90 0.00 B-2 0.00 0.00 8,499,000.00 21,389.15 0.00 B-3 0.00 0.00 4,674,000.00 13,699.61 0.00 B-4 0.00 0.00 2,124,000.00 6,225.50 0.00 B-5 0.00 0.00 2,124,000.00 6,225.50 0.00 B-6 0.00 0.00 3,830,447.31 11,227.13 0.00 A-R 0.00 0.00 0.00 0.00 0.00 ------------- ---- -------------- ------------- ---- Totals 28,321,604.14 0.00 747,501,220.92 30,594,754.50 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-1 553,000,000.00 494,097,792.61 22,622.68 18,626,108.33 0.00 0.00 A-2 185,867,000.00 173,564,015.73 2,659.00 6,889,235.76 0.00 0.00 A-3 75,000,000.00 70,035,569.41 1,072.94 2,779,905.43 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 849,992,547.31 775,822,825.06 26,354.62 28,295,249.52 0.00 0.00 ============== ============== ========= ============= ==== ==== Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------ --------------- A-1 18,648,731.01 477,449,061.60 0.86337986 18,648,731.01 A-2 6,891,894.76 166,672,120.97 0.89672788 6,891,894.76 A-3 2,780,978.37 67,254,591.04 0.89672788 2,780,978.37 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 28,321,604.14 747,501,220.92 0.87942091 28,321,604.14 ============= ============== ========== =============
(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-1 553,000,000.00 897.10269911 0.04090901 33.68193188 0.00000000 0.00000000 A-2 185,867,000.00 933.80759215 0.01430593 37.06540569 0.00000000 0.00000000 A-3 75,000,000.00 933.80759213 0.01430587 37.06540573 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 14,874,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,499,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,674,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,830,447.31 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-1 33.72284089 863.37985823 0.86337986 33.72280489 A-2 37.07971162 896.72788053 0.89672788 37.07971162 A-3 37.07971160 896.72788053 0.89672788 37.07971160 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 Class Amount Rate Balance Interest Shortfall Shortfall Shortfall - ------ -------------- ----------- -------------- ------------ ---------- --------- --------- A-1 553,000,000.00 3.56492% 496,097,792.61 1,473,791.42 0.00 0.00 0.00 A-2 185,867,000.00 2.40000% 173,564,015.73 347,128.03 0.00 0.00 0.00 A-3 75,000,000.00 2.82000% 70,035,569.41 164,583.59 0.00 0.00 0.00 X-1 0.00 0.80000% 208,073,936.97 138,715.96 0.00 0.00 0.00 X-2 0.00 0.21205% 243,599,585.14 43,046.83 0.00 0.00 0.00 X-B 0.00 0.75178% 23,373,000.00 14,642.78 0.00 0.00 0.00 B-1 14,874,000.00 2.62000% 14,874,000.00 32,474.90 0.00 0.00 0.00 B-2 8,499,000.00 3.02000% 8,499,000.00 21,389.15 0.00 0.00 0.00 B-3 4,674,000.00 3.51723% 4,674,000.00 13,699.61 0.00 0.00 0.00 B-4 2,124,000.00 3.51723% 2,124,000.00 6,225.50 0.00 0.00 0.00 B-5 2,124,000.00 3.51723% 2,124,000.00 6,225.50 0.00 0.00 0.00 B-6 3,830,447.31 3.51723% 3,830,447.31 11,227.13 0.00 0.00 0.00 A-R 100.00 3.08335% 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---------- --------- --------- Totals 849,992,547.31 2,273,150.40 0.00 0.00 0.00 -------------- ------------ ---------- --------- --------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ------ -------- -------------- ------------ -------------- A-1 0.00 1,473,791.40 0.00 477,449,061.60 A-2 0.00 347,128.02 0.00 166,672,120.97 A-3 0.00 164,583.58 0.00 67,254,591.04 X-1 0.00 138,715.96 0.00 200,328,541.08 X-2 0.00 43,046.83 0.00 233,926,712.01 X-B 0.00 14,642.78 0.00 23,373,000.00 B-1 0.00 32,474.90 0.00 14,874,000.00 B-2 0.00 21,389.15 0.00 8,499,000.00 B-3 0.00 13,699.61 0.00 4,674,000.00 B-4 0.00 6,225.50 0.00 2,124,000.00 B-5 0.00 6,225.50 0.00 2,124,000.00 B-6 0.00 11,227.13 0.00 3,830,447.31 A-R 0.00 0.00 0.00 0.00 -------- -------------- ------------ Totals 0.00 2,273,150.36 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------- ------ ---- ---------------- -------- --------- --------- --------- -------- A-1 553,000,000.00 3.56492% 897.10269911 2.66508394 0.00000000 0.00000000 0.00000000 0.00000000 A-2 185,867,000.00 2.40000% 933.80759215 1.86761518 0.00000000 0.00000000 0.00000000 0.00000000 A-3 75,000,000.00 2.82000% 933.80759213 2.19444787 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 797.62460169 0.53174974 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.21205% 933.80759214 0.16501447 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.75178% 1000.00000000 0.62648269 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,874,000.00 2.62000% 1000.00000000 2.18333333 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,499,000.00 3.02000% 1000.00000000 2.51666667 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,674,000.00 3.51723% 1000.00000000 2.93102482 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,124,000.00 3.51723% 1000.00000000 2.93102637 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,124,000.00 3.51723% 1000.00000000 2.93102637 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,830,447.31 3.51723% 1000.00000000 2.93102322 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.08335% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - --------- ------------ --------- ------------------ A-1 2.66508391 0.00000000 863.37985823 A-2 1.86761512 0.00000000 896.72788053 A-3 2.19444773 0.00000000 896.72788053 X-1 0.53174974 0.00000000 767.93362549 X-2 0.16501447 0.00000000 896.72788053 X-B 0.62648269 0.00000000 1000.00000000 B-1 2.18333333 0.00000000 1000.00000000 B-2 2.51666667 0.00000000 1000.00000000 B-3 2.93102482 0.00000000 1000.00000000 B-4 2.93102637 0.00000000 1000.00000000 B-5 2.93102637 0.00000000 1000.00000000 B-6 2.93102322 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 30,825,580.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 37,329.10 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 30,862,910.02 Withdrawals Reimbursement for Servicer Advances 19,622.82 Payment of Service Fee 248,532.70 Payment of Interest and Principal 30,594,754.50 ------------- Total Withdrawals (Pool Distribution Amount) 30,862,910.02 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 242,646.01 LPMI 1,037.81 Master Servicing Fee 4,848.88 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 248,532.70 ==========
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 33 11,481,487.74 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 133,459.32 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 243,699.99 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 ---- ------------- --- ------ --- -------- 35 11,858,647.05 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 1.478495% 1.535978% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.044803% 0.017854% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.044803% 0.032602% 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% -------- -------- -------- -------- -------- -------- 1.568100% 1.586433% 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 33 11,481,487.74 60 Days 0 0.00 60 Days 1 133,459.32 90 Days 0 0.00 90 Days 1 243,699.99 120 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 35 11,858,647.05 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 1.478495% 1.535978% 60 Days 0.000000% 0.000000% 60 Days 0.044803% 0.017854% 90 Days 0.000000% 0.000000% 90 Days 0.044803% 0.032602% 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% 1.568100% 1.586433%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 37,329.10
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 36,125,447.31 4.25008989% 36,125,447.31 4.83282787% 95.167172% 0.000000% Class X-1 36,125,447.31 4.25008989% 36,125,447.31 4.83282787% 0.000000% 0.000000% Class X-2 36,125,447.31 4.25008989% 36,125,447.31 4.83282787% 0.000000% 0.000000% Class B-1 21,251,447.31 2.50019219% 21,251,447.31 2.84299834% 1.989830% 41.173193% Class B-2 12,752,447.31 1.50030107% 12,752,447.31 1.70601023% 1.136988% 23.526352% Class B-3 8,078,447.31 0.95041390% 8,078,447.31 1.08072697% 0.625283% 12.938248% Class B-4 5,954,447.31 0.70052936% 5,954,447.31 0.79658028% 0.284147% 5.879512% Class B-5 3,830,447.31 0.45064481% 3,830,447.31 0.51243359% 0.284147% 5.879512% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.512434% 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 23 7,802,182.57 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 133,459.32 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 243,699.99 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 ---- ------------ --- ---- --- ---- 25 8,179,341.88 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 1.481959% 1.554230% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.064433% 0.026586% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.064433% 0.048546% 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% -------- -------- -------- -------- -------- -------- 1.610825% 1.629362% 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 23 7,802,182.57 60 Days 0 0.00 60 Days 1 133,459.32 90 Days 0 0.00 90 Days 1 243,699.99 120 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 25 8,179,341.88 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 1.481959% 1.554230% 60 Days 0.000000% 0.000000% 60 Days 0.064433% 0.026586% 90 Days 0.000000% 0.000000% 90 Days 0.064433% 0.048546% 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% 1.610825% 1.629362%
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- GROUP TWO 1.183654% 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 10 3,679,305.17 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 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 --- ------------ --- ---- --- ---- 10 3,679,305.17 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 1.470588% 1.498656% 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% -------- -------- -------- -------- -------- -------- 1.470588% 1.498656% 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 10 3,679,305.17 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 10 3,679,305.17 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 1.470588% 1.498656% 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% 1.470588% 1.498656%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.900401% Weighted Average Net Coupon 3.525089% Weighted Average Pass-Through Rate 3.515984% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 2,283 Number of Loans Paid in Full 51 Ending Scheduled Collateral Loan Count 2,232 Beginning Scheduled Collateral Balance 775,822,825.06 Ending Scheduled Collateral Balance 747,501,220.92 Ending Actual Collateral Balance at 30-Nov-2004 747,503,614.29 Monthly P&I Constant 2,548,037.73 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 30,488,869.96 Ending Scheduled Balance for Premium Loans 747,501,220.92 Scheduled Principal 26,354.62 Unscheduled Principal 28,295,249.52
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description 6 Month LIBOR ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.949398 3.800431 3.900401 Weighted Average Net Rate 3.573934 3.425431 3.525089 Pass-Through Rate 3.564922 3.416136 3.515984 Weighted Average Maturity 338 331 336 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal and Interest Constant 1,736,146.11 811,891.62 2,548,037.73 Beginning Loan Count 1,589 694 2,283 Loans Paid in Full 37 14 51 Ending Loan Count 1,552 680 2,232 Beginning Scheduled Balance 520,643,463.36 255,179,361.70 775,822,825.06 Ending Scheduled Balance 501,994,732.35 245,506,488.57 747,501,220.92 Scheduled Principal 22,622.68 3,731.94 26,354.62 Unscheduled Principal 18,626,108.33 9,669,141.19 28,295,249.52 Scheduled Interest 1,713,523.43 808,159.68 2,521,683.11 Servicing Fee 162,902.46 79,743.55 242,646.01 Master Servicing Fee 3,254.02 1,594.86 4,848.88 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 656.03 381.78 1,037.81 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 1,546,710.92 726,439.49 2,273,150.41 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 501,994,732.35 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.285513% 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 138,958,028.42 Six-Month Libor Loan Balance 106,548,460.15 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percentage 95.462103% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%