Wells Fargo Bank Minnesota, N.A. SMT Series 2003-8 Certificateholder Distribution Statement (October 2004)

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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 October 29, 2004 record date and November 22, 2004 distribution date. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 2 f03810fexv10w1.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: OCTOBER 29, 2004 DISTRIBUTION DATE: NOVEMBER 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------ --------- ----------- ------------ -------------- ------------ A-1 81743PDX1 SEN 2.23000% 696,616,045.06 1,294,544.82 X-1 81743PDZ6 IO 0.56876% 0.00 306,705.07 A-2 81743PDY9 SEN 2.21063% 134,682,674.70 248,111.30 X-2 81743PEA0 IO 0.12594% 0.00 87,247.00 B-1 81743PED4 SUB 2.50000% 14,166,000.00 29,512.50 X-B 81743PEB8 IO 0.18640% 0.00 715.63 B-2 81743PEE2 SUB 3.16000% 8,304,000.00 21,867.20 B-3 81743PEF9 SUB 2.79567% 4,884,000.00 11,378.37 B-4 81743PEG7 SUB 2.79567% 2,443,000.00 5,691.52 B-5 81743PEH5 SUB 2.79567% 1,465,000.00 3,413.05 B-6 81743PEJ1 SUB 2.79567% 3,908,267.00 9,105.18 A-R 81743PEC6 RES 2.56137% 0.00 0.00 -------------- ------------ Totals 866,468,986.76 2,018,291.64 -------------- ------------ Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------- ------------- -------------- ------------- ------------- A-1 10,324,261.85 0.00 686,291,783.21 11,618,806.67 0.00 X-1 0.00 0.00 0.00 306,705.07 0.00 A-2 621,440.34 0.00 134,061,234.36 869,551.64 0.00 X-2 0.00 0.00 0.00 87,247.00 0.00 B-1 0.00 0.00 14,166,000.00 29,512.50 0.00 X-B 0.00 0.00 0.00 715.63 0.00 B-2 0.00 0.00 8,304,000.00 21,867.20 0.00 B-3 0.00 0.00 4,884,000.00 11,378.37 0.00 B-4 0.00 0.00 2,443,000.00 5,691.52 0.00 B-5 0.00 0.00 1,465,000.00 3,413.05 0.00 B-6 0.00 0.00 3,908,267.00 9,105.18 0.00 A-R 0.00 0.00 0.00 0.00 0.00 ------------- ------------- -------------- ------------- -------- Totals 10,945,702.19 0.00 855,523,284.57 12,963,993.83 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-1 791,768,000.00 696,616,045.06 0.00 10,324,261.85 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 A-2 150,000,000.00 134,682,674.70 0.00 621,440.34 0.00 0.00 X-2 0.00 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 0.00 X-B 0.00 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 0.00 B-3 4,884,000.00 4,884,000.00 0.00 0.00 0.00 0.00 B-4 2,443,000.00 2,443,000.00 0.00 0.00 0.00 0.00 B-5 1,465,000.00 1,465,000.00 0.00 0.00 0.00 0.00 B-6 3,908,267.00 3,908,267.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 - ------ -------------- -------------- ------------ ------------- --------- -------- Totals 976,938,367.00 866,468,986.76 0.00 10,945,702.19 0.00 0.00 - ------ -------------- -------------- ------------ ------------- --------- -------- Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ ------------- -------------- ----------- --------------- A-1 10,324,261.85 686,291,783.21 0.86678394 10,324,261.85 X-1 0.00 0.00 0.00000000 0.00 A-2 621,440.34 134,061,234.36 0.89374156 621,440.34 X-2 0.00 0.00 0.00000000 0.00 B-1 0.00 14,166,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-2 0.00 8,304,000.00 1.00000000 0.00 B-3 0.00 4,884,000.00 1.00000000 0.00 B-4 0.00 2,443,000.00 1.00000000 0.00 B-5 0.00 1,465,000.00 1.00000000 0.00 B-6 0.00 3,908,267.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 - ------ ------------- -------------- ----------- --------------- Totals 10,945,702.19 855,523,284.57 0.87571879 10,945,702.19 - ------ ------------- -------------- ----------- ---------------
(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-1 791,768,000.00 879.82343952 0.00000000 13.03950381 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 897.88449800 0.00000000 4.14293560 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 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 Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- ----------- ------------- ----------- --------------- A-1 13.03950381 866.78393571 0.86678394 13.03950381 X-1 0.00000000 0.00000000 0.00000000 0.00000000 A-2 4.14293560 893.74156240 0.89374156 4.14293560 X-2 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 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-1 791,768,000.00 2.23000% 696,616,045.06 1,294,544.82 0.00 0.00 0.00 0.00 X-1 0.00 0.56876% 647,108,144.32 306,705.07 0.00 0.00 0.00 0.00 A-2 150,000,000.00 2.21063% 134,682,674.70 248,111.30 0.00 0.00 0.00 0.00 X-2 0.00 0.12594% 831,298,719.76 87,247.00 0.00 0.00 0.00 0.00 B-1 14,166,000.00 2.50000% 14,166,000.00 29,512.50 0.00 0.00 0.00 0.00 X-B 0.00 0.18640% 22,470,000.00 3,490.37 0.00 0.00 0.00 0.00 B-2 8,304,000.00 3.16000% 8,304,000.00 21,867.20 0.00 0.00 0.00 0.00 B-3 4,884,000.00 2.79567% 4,884,000.00 11,378.37 0.00 0.00 0.00 0.00 B-4 2,443,000.00 2.79567% 2,443,000.00 5,691.52 0.00 0.00 0.00 0.00 B-5 1,465,000.00 2.79567% 1,465,000.00 3,413.05 0.00 0.00 0.00 0.00 B-6 3,908,267.00 2.79567% 3,908,267.00 9,105.18 0.00 0.00 0.00 0.00 A-R 100.00 2.56137% 0.00 0.00 0.00 0.00 0.00 0.00 - ------ -------------- ------------ ------- ------- ------- ------ Totals 976,938,367.00 2,021,066.38 0.00 0.00 0.00 0.00 - ------ -------------- ------------ ------- ------- ------- ------ Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------ -------------- --------- -------------- A-1 1,294,544.82 0.00 686,291,783.21 X-1 306,705.07 0.00 623,049,735.60 A-2 248,111.30 0.00 134,061,234.36 X-2 87,247.00 0.00 820,353,017.57 B-1 29,512.50 0.00 14,166,000.00 X-B 715.63 0.00 22,470,000.00 B-2 21,867.20 0.00 8,304,000.00 B-3 11,378.37 0.00 4,884,000.00 B-4 5,691.52 0.00 2,443,000.00 B-5 3,413.05 0.00 1,465,000.00 B-6 9,105.18 0.00 3,908,267.00 A-R 0.00 0.00 0.00 - ------ ------------- ------- Totals 2,018,291.64 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-1 791,768,000.00 2.23000% 879.82343952 1.63500523 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.56876% 687.12054808 0.32566945 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 2.21063% 897.88449800 1.65407533 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.12594% 882.70011272 0.09264171 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 2.50000% 1000.00000000 2.08333333 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.18640% 1000.00000000 0.15533467 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 3.16000% 1000.00000000 2.63333333 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 2.79567% 1000.00000000 2.32972359 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 2.79567% 1000.00000000 2.32972575 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 2.79567% 1000.00000000 2.32972696 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 2.79567% 1000.00000000 2.32972312 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.56317% 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 1.63500523 0.00000000 866.78393571 X-1 0.32566945 0.00000000 661.57454447 A-2 1.65407533 0.00000000 893.74156240 X-2 0.09264171 0.00000000 871.07760889 B-1 2.08333333 0.00000000 1000.00000000 X-B 0.03184824 0.00000000 1000.00000000 B-2 2.63333333 0.00000000 1000.00000000 B-3 2.32972359 0.00000000 1000.00000000 B-4 2.32972575 0.00000000 1000.00000000 B-5 2.32972696 0.00000000 1000.00000000 B-6 2.32972312 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 13,239,094.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 10,606.49 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 13,249,701.41 Withdrawals Reimbursement for Servicer Advances 9,046.95 Payment of Service Fee 276,660.63 Payment of Interest and Principal 12,963,993.83 ------------- Total Withdrawals (Pool Distribution Amount) 13,249,701.41 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 272,689.31 Master Servicing Fee 3,971.32 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 276,660.63 ==========
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 2,246.43 2,521.17 2,774.74 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 18 4,512,069.92 60 Days 0. 0.00 90 Days 0 0.00 120 Days 0. 0.00 150 Days 1 100,000.00 180+ Days 0 0.00 ---- ------------ 19 4,612,069.92
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.707269% 0.527404% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.039293% 0.011689% 180+ Days 0.000000% 0.000000% -------- -------- 0.746562% 0.539092%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- --------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------ 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ` ---- ------ 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 18 4,512,069.92 60 Days 0. 0.00 90 Days 0 0.00 120 Days 0. 0.00 150 Days 1 100,000.00 180+ Days 0 0.00 --- ------------ 19 4,612,069.92
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.707269% 0.527404% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.039293% 0.011689% 180+ Days 0.000000% 0.000000% -------- -------- 0.746562% 0.539092%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 10,606.49
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 4.11096549% 95.889034% 0.000000% Class X-1 35,170,267.00 3.60004973% 35,170,267.00 4.11096549% 0.000000% 0.000000% Class X-2 35,170,267.00 3.60004973% 35,170,267.00 4.11096549% 0.000000% 0.000000% Class B-1 21,004,267.00 2.15000943% 21,004,267.00 2.45513680% 1.655829% 40.278341% Class B-2 12,700,267.00 1.30000698% 12,700,267.00 1.48450279% 0.970634% 23.610853% Class B-3 7,816,267.00 0.80007780% 7,816,267.00 0.91362411% 0.570879% 13.886730% Class B-4 5,373,267.00 0.55001085% 5,373,267.00 0.62806788% 0.285556% 6.946208% Class B-5 3,908,267.00 0.40005257% 3,908,267.00 0.45682766% 0.171240% 4.165450% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.456828% 11.112418%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP DELINQUENT POOL 1 -- 1 MO LIBOR
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 2 932,000.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ---------- 2 932,000.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.904977% 0.838185% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.904977% 0.838185%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------ 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 2 932,000.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ---------- 2 932,000.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.904977% 0.838185% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.904977% 0.838185%
DELINQUENT POOL 1 -- 6 MO LIBOR
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 9 2,031,594.31 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 9 2,031,594.31
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.477707% 0.335985% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.477707% 0.335985%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 9 2,031,594.31 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 9 2,031,594.31
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.477707% 0.335985% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.477707% 0.335985%
DELINQUENT POOL 2
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 7 1,548,475.61 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 1 100,000.00 180+ Days 0 0.00 ---- ------------ 8 1,648,475.61
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.590909% 1.108716% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.227273% 0.071600% 180+ Days 0.000000% 0.000000% -------- -------- 1.818182% 1.180316%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ---- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 7 1,548,475.61 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 1 100,000.00 180+ Days 0 0.00 ---- ------------ 8 1,648,475.61
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.590909% 1.108716% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.227273% 0.071600% 180+ Days 0.000000% 0.000000% -------- -------- 1.818182% 1.180316%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.178702% Weighted Average Net Coupon 2.801046% Weighted Average Pass-Through Rate 2.795546% Weighted Average Maturity (Stepdown Calculation) 312 Beginning Scheduled Collateral Loan Count 2,575 Number of Loans Paid in Full 30 Ending Scheduled Collateral Loan Count 2,545 Beginning Scheduled Collateral Balance 866,468,987.71 Ending Scheduled Collateral Balance 855,523,285.52 Ending Actual Collateral Balance at 29-Oct-2004 855,524,802.60 Monthly P&I Constant 2,295,205.81 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,879,353.64 Ending Scheduled Balance for Premium Loans 855,523,285.52 Scheduled Principal 0.00 Unscheduled Principal 10,945,702.19
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 MonthLIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.294406 3.166817 3.138358 3.178702 Weighted Average Net Rate 2.903062 2.791439 2.761657 2.801046 Pass-Through Rate 2.897562 2.785939 2.756157 2.795546 Weighted Average Maturity 297 314 313 312 Record Date 10/29/2004 10/29/2004 10/29/2004 10/29/2004 Principal and Interest Constant 307,498.25 1,620,819.57 366,887.99 2,295,205.81 Beginning Loan Count 223 1,910 442 2,575 Loans Paid in Full 2 26 2 30 Ending Loan Count 221 1,884 440 2,545 Beginning Scheduled Balance 112,007,404.08 614,176,247.91 140,285,335.72 866,468,987.71 Ending Scheduled Balance 111,192,589.78 604,666,800.36 139,663,895.38 855,523,285.52 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 814,814.30 9,509,447.55 621,440.34 10,945,702.19 Scheduled Interest 307,498.25 1,620,819.57 366,887.99 2,295,205.81 Servicing Fee 36,527.90 192,123.36 44,038.05 272,689.31 Master Servicing Fee 513.37 2,814.98 642.97 3,971.32 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 270,456.98 1,425,881.23 322,206.97 2,018,545.18 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 95.928357% 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 96.006239% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%