EXHIBIT 99.9

GMAC MORTGAGE

March 10, 2005

REDWOOD TRUST, INC.
KERRY A. LAYDEN
ONE BELVIDERE PLACE
SUITE 300
MILL VALLEY, CA 94941

RE: ANNUAL OFFICERS STATEMENT OF COMPLIANCE
    YEAR ENDING 2004
    GMACM INVESTOR AGREEMENT # 41040

We hereby certify to the best of our knowledge and belief, that for the calendar
year 2004:

1.    A review of the activities of the Seller/Servicer and of performance
      according to the Seller / Servicer contract has been made with the
      undersigned Officer's knowledge.

2.    To the best of the undersigned Officer's knowledge, and based on such
      review, the Seller / Servicer has fulfilled all its obligations under the
      Guides for such year.

3.    If applicable, GMACM has filed the information returns with respect to the
      receipt of mortgage interest pursuant to Sections 6050H, 6050J and 6050P
      of the Code, received in a trade Or business, reports of foreclosures and
      abandonment's of any Mortgaged Property and the information returns
      relating to cancellation of indebtedness income with respect to any
      Mortgaged Property.

4.    All hazard, flood, FHA mortgage insurance and primary mortgage insurance
      premiums, taxes, ground rents, assessments and other lienable items have
      been paid in connection with the mortgaged properties.

5.    All property inspections have been completed as required.

6.    Compliance relative to Adjustable Rate Mortgages has been met.

7.    Fidelity Bond and Errors and Omissions Insurance coverage is current, in
      full force and effect

Servicer: GMAC Mortgage Corporation

By: Michael Kacergis
    -----------------------
Name: Michael Kacergis
Title: Manager, Contract Administration
       National Loan Administration Risk and Compliance

500 Enterprise Road
Suite 150
Horsham, PA 19044