-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B3i1gOTXN3VhkgsEWrsfyKCICrvoet/cdUw1GVZyUlSmwtX4+5nUGs09VC0aTpsb YhBMOUkCzOpsJmOpWsd3AQ== 0001056404-04-002855.txt : 20040903 0001056404-04-002855.hdr.sgml : 20040903 20040903103320 ACCESSION NUMBER: 0001056404-04-002855 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040903 DATE AS OF CHANGE: 20040903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET INVESTMENT LOAN TRUST 2004-4 CENTRAL INDEX KEY: 0001289293 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106925-33 FILM NUMBER: 041015415 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2125267000 MAIL ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sai04004_aug.txt AUGUST 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 25, 2004 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106925-33 Pooling and Servicing Agreement) (Commission 54-2151972 (State or other File Number) 54-2152448 jurisdiction 54-2152449 of Incorporation) 54-2152450 54-2152451 IRS EIN c/o Wells Fargo Bank, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-4 Trust . ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-4 Trust, relating to the August 25, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 8/30/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-4 Trust, relating to the August 25, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 7/31/04 Distribution Date: 8/25/04 SAIL Series: 2004-4 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 86358EHL3 SEN 1.69000% 574,658,396.30 809,310.58 15,177,485.79 A2 86358EHM1 SEN 1.69000% 568,570,536.21 800,736.84 17,672,604.94 A3 86358EHN9 SEN 1.65000% 313,814,626.60 431,495.11 8,839,224.24 A-SIO 86358EHP4 IO 0.00000% 0.00 0.00 0.00 A4 86358EHQ2 SEN 1.85000% 43,958,000.00 67,768.58 0.00 M1 86358EHR0 MEZ 1.98000% 57,695,000.00 95,196.75 0.00 M2 86358EHS8 MEZ 2.05000% 27,474,000.00 46,934.75 0.00 M3 86358EHT6 MEZ 2.40000% 27,474,000.00 54,948.00 0.00 M4 86358EHU3 MEZ 2.68000% 27,474,000.00 61,358.60 0.00 M5 86358EHV1 MEZ 2.90000% 22,895,000.00 55,329.58 0.00 M6 86358EHW9 MEZ 3.20000% 23,810,000.00 63,493.33 0.00 M7 86358EHX7 MEZ 3.40000% 22,895,000.00 64,869.17 0.00 M8 86358EHY5 MEZ 3.95000% 13,737,000.00 45,217.63 0.00 B 86358EHZ2 SUB 5.00000% 9,158,000.00 38,158.33 0.00 X SAI04004X RES 0.00000% 7,324,566.00 7,571,016.52 0.00 P SAI04004P SEN 0.00000% 100.00 763,491.85 0.00 R SAI0404R1 RES 0.00000% 0.00 0.00 0.00 Totals 1,740,938,225.11 10,969,325.62 41,689,314.97
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 559,480,910.51 15,986,796.37 0.00 A2 0.00 550,897,931.27 18,473,341.78 0.00 A3 0.00 304,975,402.36 9,270,719.35 0.00 A-SIO 0.00 0.00 0.00 0.00 A4 0.00 43,958,000.00 67,768.58 0.00 M1 0.00 57,695,000.00 95,196.75 0.00 M2 0.00 27,474,000.00 46,934.75 0.00 M3 0.00 27,474,000.00 54,948.00 0.00 M4 0.00 27,474,000.00 61,358.60 0.00 M5 0.00 22,895,000.00 55,329.58 0.00 M6 0.00 23,810,000.00 63,493.33 0.00 M7 0.00 22,895,000.00 64,869.17 0.00 M8 0.00 13,737,000.00 45,217.63 0.00 B 0.00 9,158,000.00 38,158.33 0.00 X 0.00 7,324,566.00 7,571,016.52 0.00 P 0.00 100.00 763,491.85 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1,699,248,910.14 52,658,640.59 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 Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A1 605,067,000.00 574,658,396.30 0.00 15,177,485.79 0.00 0.00 A2 606,296,000.00 568,570,536.21 0.00 17,672,604.94 0.00 0.00 A3 336,317,000.00 313,814,626.60 0.00 8,839,224.24 0.00 0.00 A-SIO 0.00 0.00 0.00 0.00 0.00 0.00 A4 43,958,000.00 43,958,000.00 0.00 0.00 0.00 0.00 M1 57,695,000.00 57,695,000.00 0.00 0.00 0.00 0.00 M2 27,474,000.00 27,474,000.00 0.00 0.00 0.00 0.00 M3 27,474,000.00 27,474,000.00 0.00 0.00 0.00 0.00 M4 27,474,000.00 27,474,000.00 0.00 0.00 0.00 0.00 M5 22,895,000.00 22,895,000.00 0.00 0.00 0.00 0.00 M6 23,810,000.00 23,810,000.00 0.00 0.00 0.00 0.00 M7 22,895,000.00 22,895,000.00 0.00 0.00 0.00 0.00 M8 13,737,000.00 13,737,000.00 0.00 0.00 0.00 0.00 B 9,158,000.00 9,158,000.00 0.00 0.00 0.00 0.00 X 7,324,564.18 7,324,566.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,831,574,664.18 1,740,938,225.11 0.00 41,689,314.97 0.00 0.00 (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 Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A1 15,177,485.79 559,480,910.51 0.92465944 15,177,485.79 A2 17,672,604.94 550,897,931.27 0.90862868 17,672,604.94 A3 8,839,224.24 304,975,402.36 0.90680936 8,839,224.24 A-SIO 0.00 0.00 0.00000000 0.00 A4 0.00 43,958,000.00 1.00000000 0.00 M1 0.00 57,695,000.00 1.00000000 0.00 M2 0.00 27,474,000.00 1.00000000 0.00 M3 0.00 27,474,000.00 1.00000000 0.00 M4 0.00 27,474,000.00 1.00000000 0.00 M5 0.00 22,895,000.00 1.00000000 0.00 M6 0.00 23,810,000.00 1.00000000 0.00 M7 0.00 22,895,000.00 1.00000000 0.00 M8 0.00 13,737,000.00 1.00000000 0.00 B 0.00 9,158,000.00 1.00000000 0.00 X 0.00 7,324,566.00 1.00000025 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 41,689,314.97 1,699,248,910.14 0.92775301 41,689,314.97
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 605,067,000.00 949.74341073 0.00000000 25.08397548 0.00000000 A2 606,296,000.00 937.77715210 0.00000000 29.14847688 0.00000000 A3 336,317,000.00 933.09177532 0.00000000 26.28241879 0.00000000 A-SIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A4 43,958,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 57,695,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 27,474,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 27,474,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 27,474,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 22,895,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 23,810,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 22,895,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 13,737,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 9,158,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 7,324,564.18 100.00002485 0.00000000 0.00000000 0.00000000 P 100.00 100.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 Denomination except for Classes P and X which are per $100 Denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 25.08397548 924.65943525 0.92465944 25.08397548 A2 0.00000000 29.14847688 908.62867522 0.90862868 29.14847688 A3 0.00000000 26.28241879 906.80935653 0.90680936 26.28241879 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 100.00002485 1.00000025 0.00000000 P 0.00000000 0.00000000 100.00000000 1.00000000 0.00000000 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 Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A1 605,067,000.00 1.69000% 574,658,396.30 809,310.57 0.00 0.00 A2 606,296,000.00 1.69000% 568,570,536.21 800,736.84 0.00 0.00 A3 336,317,000.00 1.65000% 313,814,626.60 431,495.11 0.00 0.00 A-SIO 0.00 0.00000% 1,781,580,952.27 0.00 0.00 0.00 A4 43,958,000.00 1.85000% 43,958,000.00 67,768.58 0.00 0.00 M1 57,695,000.00 1.98000% 57,695,000.00 95,196.75 0.00 0.00 M2 27,474,000.00 2.05000% 27,474,000.00 46,934.75 0.00 0.00 M3 27,474,000.00 2.40000% 27,474,000.00 54,948.00 0.00 0.00 M4 27,474,000.00 2.68000% 27,474,000.00 61,358.60 0.00 0.00 M5 22,895,000.00 2.90000% 22,895,000.00 55,329.58 0.00 0.00 M6 23,810,000.00 3.20000% 23,810,000.00 63,493.33 0.00 0.00 M7 22,895,000.00 3.40000% 22,895,000.00 64,869.17 0.00 0.00 M8 13,737,000.00 3.95000% 13,737,000.00 45,217.63 0.00 0.00 B 9,158,000.00 5.00000% 9,158,000.00 38,158.33 0.00 0.00 X 7,324,564.18 0.00000% 7,324,566.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,831,574,664.18 2,634,817.24 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A1 0.00 0.00 809,310.58 0.00 559,480,910.51 A2 0.00 0.00 800,736.84 0.00 550,897,931.27 A3 0.00 0.00 431,495.11 0.00 304,975,402.36 A-SIO 0.00 0.00 0.00 0.00 1,740,938,225.11 A4 0.00 0.00 67,768.58 0.00 43,958,000.00 M1 0.00 0.00 95,196.75 0.00 57,695,000.00 M2 0.00 0.00 46,934.75 0.00 27,474,000.00 M3 0.00 0.00 54,948.00 0.00 27,474,000.00 M4 0.00 0.00 61,358.60 0.00 27,474,000.00 M5 0.00 0.00 55,329.58 0.00 22,895,000.00 M6 0.00 0.00 63,493.33 0.00 23,810,000.00 M7 0.00 0.00 64,869.17 0.00 22,895,000.00 M8 0.00 0.00 45,217.63 0.00 13,737,000.00 B 0.00 0.00 38,158.33 0.00 9,158,000.00 X 0.00 0.00 7,571,016.52 0.00 7,324,566.00 P 0.00 0.00 763,491.85 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 10,969,325.62 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 Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A1 605,067,000.00 1.69000% 949.74341073 1.33755530 0.00000000 0.00000000 A2 606,296,000.00 1.69000% 937.77715210 1.32070283 0.00000000 0.00000000 A3 336,317,000.00 1.65000% 933.09177532 1.28300119 0.00000000 0.00000000 A-SIO 0.00 0.00000% 972.70451778 0.00000000 0.00000000 0.00000000 A4 43,958,000.00 1.85000% 1000.00000000 1.54166659 0.00000000 0.00000000 M1 57,695,000.00 1.98000% 1000.00000000 1.65000000 0.00000000 0.00000000 M2 27,474,000.00 2.05000% 1000.00000000 1.70833333 0.00000000 0.00000000 M3 27,474,000.00 2.40000% 1000.00000000 2.00000000 0.00000000 0.00000000 M4 27,474,000.00 2.68000% 1000.00000000 2.23333333 0.00000000 0.00000000 M5 22,895,000.00 2.90000% 1000.00000000 2.41666652 0.00000000 0.00000000 M6 23,810,000.00 3.20000% 1000.00000000 2.66666653 0.00000000 0.00000000 M7 22,895,000.00 3.40000% 1000.00000000 2.83333348 0.00000000 0.00000000 M8 13,737,000.00 3.95000% 1000.00000000 3.29166703 0.00000000 0.00000000 B 9,158,000.00 5.00000% 1000.00000000 4.16666630 0.00000000 0.00000000 X 7,324,564.18 0.00000% 100.00002485 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 100.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 Denomination except for Classes P and X which are per $100 Denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A1 0.00000000 0.00000000 1.33755531 0.00000000 924.65943525 A2 0.00000000 0.00000000 1.32070283 0.00000000 908.62867522 A3 0.00000000 0.00000000 1.28300119 0.00000000 906.80935653 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 950.51447120 A4 0.00000000 0.00000000 1.54166659 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.65000000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 1.70833333 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.00000000 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.23333333 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.41666652 0.00000000 1000.00000000 M6 0.00000000 0.00000000 2.66666653 0.00000000 1000.00000000 M7 0.00000000 0.00000000 2.83333348 0.00000000 1000.00000000 M8 0.00000000 0.00000000 3.29166703 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.16666630 0.00000000 1000.00000000 X 0.00000000 0.00000000 103.36473726 0.00000000 100.00002485 P 0.00000000 0.00000000 763491.85000000 0.00000000 100.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 53,800,085.11 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 53,800,085.11 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,141,444.52 Payment of Interest and Principal 52,658,640.59 Total Withdrawals (Pool Distribution Amount) 53,800,085.11 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 583,297.03 Credit Risk Manager's Fee 21,761.73 PMI Insurance Premium Fee 536,385.76 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,141,444.52
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 513,613.52 513,613.52 1,000.00 Financial Guaranty 0.00 513,613.52 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 6 0 0 6 945,599.78 0.00 0.00 945,599.78 30 Days 132 0 22 0 154 18,639,714.18 0.00 3,413,429.62 0.00 22,053,143.80 60 Days 30 0 2 0 32 3,408,081.66 0.00 413,790.12 0.00 3,821,871.78 90 Days 4 0 0 0 4 477,846.80 0.00 0.00 0.00 477,846.80 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 166 6 24 0 196 22,525,642.64 945,599.78 3,827,219.74 0.00 27,298,462.16 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.052952% 0.000000% 0.000000% 0.052952% 0.055607% 0.000000% 0.000000% 0.055607% 30 Days 1.164946% 0.000000% 0.194158% 0.000000% 1.359103% 1.096132% 0.000000% 0.200731% 0.000000% 1.296863% 60 Days 0.264760% 0.000000% 0.017651% 0.000000% 0.282411% 0.200417% 0.000000% 0.024333% 0.000000% 0.224750% 90 Days 0.035301% 0.000000% 0.000000% 0.000000% 0.035301% 0.028100% 0.000000% 0.000000% 0.000000% 0.028100% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.465008% 0.052952% 0.211808% 0.000000% 1.729768% 1.324649% 0.055607% 0.225065% 0.000000% 1.605321%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 13 0 3 0 16 1,562,999.18 0.00 161,281.59 0.00 1,724,280.77 60 Days 2 0 0 0 2 94,113.00 0.00 0.00 0.00 94,113.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 15 0 3 0 18 1,657,112.18 0.00 161,281.59 0.00 1,818,393.77 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.946143% 0.000000% 0.218341% 0.000000% 1.164483% 0.972802% 0.000000% 0.100381% 0.000000% 1.073182% 60 Days 0.145560% 0.000000% 0.000000% 0.000000% 0.145560% 0.058575% 0.000000% 0.000000% 0.000000% 0.058575% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.091703% 0.000000% 0.218341% 0.000000% 1.310044% 1.031377% 0.000000% 0.100381% 0.000000% 1.131758% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 141,065.30 0.00 0.00 141,065.30 30 Days 36 0 4 0 40 4,970,998.80 0.00 467,916.23 0.00 5,438,915.03 60 Days 17 0 2 0 19 2,333,713.61 0.00 413,790.12 0.00 2,747,503.73 90 Days 1 0 0 0 1 199,680.00 0.00 0.00 0.00 199,680.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 54 1 6 0 61 7,504,392.41 141,065.30 881,706.35 0.00 8,527,164.06 0-29 Days 0.030544% 0.000000% 0.000000% 0.030544% 0.027643% 0.000000% 0.000000% 0.027643% 30 Days 1.099572% 0.000000% 0.122175% 0.000000% 1.221747% 0.974113% 0.000000% 0.091693% 0.000000% 1.065806% 60 Days 0.519243% 0.000000% 0.061087% 0.000000% 0.580330% 0.457313% 0.000000% 0.081086% 0.000000% 0.538399% 90 Days 0.030544% 0.000000% 0.000000% 0.000000% 0.030544% 0.039129% 0.000000% 0.000000% 0.000000% 0.039129% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.649359% 0.030544% 0.183262% 0.000000% 1.863164% 1.470555% 0.027643% 0.172779% 0.000000% 1.670977% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 0 0 2 146,744.91 0.00 0.00 146,744.91 30 Days 8 0 1 0 9 1,054,237.69 0.00 44,849.40 0.00 1,099,087.09 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 2 0 0 0 2 126,166.80 0.00 0.00 0.00 126,166.80 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 2 1 0 13 1,180,404.49 146,744.91 44,849.40 0.00 1,371,998.80 0-29 Days 0.150376% 0.000000% 0.000000% 0.150376% 0.091515% 0.000000% 0.000000% 0.091515% 30 Days 0.601504% 0.000000% 0.075188% 0.000000% 0.676692% 0.657457% 0.000000% 0.027970% 0.000000% 0.685426% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.150376% 0.000000% 0.000000% 0.000000% 0.150376% 0.078682% 0.000000% 0.000000% 0.000000% 0.078682% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.751880% 0.150376% 0.075188% 0.000000% 0.977444% 0.736138% 0.091515% 0.027970% 0.000000% 0.855623% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 3 0 0 3 657,789.57 0.00 0.00 657,789.57 30 Days 49 0 12 0 61 5,277,860.90 0.00 1,846,784.08 0.00 7,124,644.98 60 Days 8 0 0 0 8 763,098.72 0.00 0.00 0.00 763,098.72 90 Days 1 0 0 0 1 152,000.00 0.00 0.00 0.00 152,000.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 58 3 12 0 73 6,192,959.62 657,789.57 1,846,784.08 0.00 8,697,533.27 0-29 Days 0.086331% 0.000000% 0.000000% 0.086331% 0.130975% 0.000000% 0.000000% 0.130975% 30 Days 1.410072% 0.000000% 0.345324% 0.000000% 1.755396% 1.050893% 0.000000% 0.367720% 0.000000% 1.418613% 60 Days 0.230216% 0.000000% 0.000000% 0.000000% 0.230216% 0.151943% 0.000000% 0.000000% 0.000000% 0.151943% 90 Days 0.028777% 0.000000% 0.000000% 0.000000% 0.028777% 0.030265% 0.000000% 0.000000% 0.000000% 0.030265% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.669065% 0.086331% 0.345324% 0.000000% 2.100719% 1.233102% 0.130975% 0.367720% 0.000000% 1.731796% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4 0 0 0 4 688,437.73 0.00 0.00 0.00 688,437.73 60 Days 2 0 0 0 2 149,197.96 0.00 0.00 0.00 149,197.96 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 6 0 0 0 6 837,635.69 0.00 0.00 0.00 837,635.69 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.646204% 0.000000% 0.000000% 0.000000% 0.646204% 0.755038% 0.000000% 0.000000% 0.000000% 0.755038% 60 Days 0.323102% 0.000000% 0.000000% 0.000000% 0.323102% 0.163632% 0.000000% 0.000000% 0.000000% 0.163632% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.969305% 0.000000% 0.000000% 0.000000% 0.969305% 0.918670% 0.000000% 0.000000% 0.000000% 0.918670% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 22 0 2 0 24 5,085,179.88 0.00 892,598.32 0.00 5,977,778.20 60 Days 1 0 0 0 1 67,958.37 0.00 0.00 0.00 67,958.37 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 23 0 2 0 25 5,153,138.25 0.00 892,598.32 0.00 6,045,736.57 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.747419% 0.000000% 0.158856% 0.000000% 1.906275% 1.844043% 0.000000% 0.323684% 0.000000% 2.167727% 60 Days 0.079428% 0.000000% 0.000000% 0.000000% 0.079428% 0.024644% 0.000000% 0.000000% 0.000000% 0.024644% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.826847% 0.000000% 0.158856% 0.000000% 1.985703% 1.868687% 0.000000% 0.323684% 0.000000% 2.192371%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 7.469201% Weighted Average Net Coupon 7.067144% Weighted Average Pass-Through Rate 6.697422% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 11,570 Number Of Loans Paid In Full 239 Ending Scheduled Collateral Loan Count 11,331 Beginning Scheduled Collateral Balance 1,740,938,225.11 Ending Scheduled Collateral Balance 1,699,248,910.14 Ending Actual Collateral Balance at 31-Jul-2004 1,700,498,716.96 Monthly P &I Constant 12,207,223.37 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,699,248,910.14 Scheduled Principal 1,371,041.56 Unscheduled Principal 40,318,273.41
Miscellaneous Reporting Monthly Excess Cash 7,057,402.100 Overcollateralization Amount 7,324,666.00 Overcollateralization Deficiency 0.00 Targeted Overcollateralization Amount 7,324,666.00 Cap Payment 513,613.52 Cap Payment RI 0.00
Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.889910 7.294941 7.505812 Weighted Average Net Rate 7.488617 6.873612 7.062531 Weighted Average Maturity 351 351 346 Beginning Loan Count 1,387 3,349 1,346 Loans Paid In Full 13 75 16 Ending Loan Count 1,374 3,274 1,330 Beginning Scheduled Balance 162,411,940.75 523,234,876.05 162,210,101.87 Ending scheduled Balance 160,546,437.52 509,922,893.49 160,215,013.40 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 1,204,843.78 3,586,567.44 1,185,924.10 Scheduled Principal 136,997.42 405,761.21 171,325.30 Unscheduled Principal 1,728,505.81 12,906,221.35 1,823,763.17 Scheduled Interest 1,067,846.36 3,180,806.23 1,014,598.80 Servicing Fees 54,312.32 183,711.64 59,920.62 Master Servicing Fees 0.00 0.00 0.00 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 62,614.67 174,721.61 50,878.59 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 950,919.37 2,822,372.98 903,799.59 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.025981 6.472901 6.686140
Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.684236 7.404112 7.156561 Weighted Average Net Rate 7.297345 7.033036 6.775445 Weighted Average Maturity 346 347 347 Beginning Loan Count 3,570 633 1,285 Loans Paid In Full 95 14 26 Ending Loan Count 3,475 619 1,259 Beginning Scheduled Balance 517,574,852.57 92,968,726.92 282,537,726.95 Ending scheduled Balance 501,897,336.10 91,113,437.29 275,553,792.34 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 3,671,387.37 659,769.26 1,898,731.42 Scheduled Principal 357,081.30 86,143.53 213,732.80 Unscheduled Principal 15,320,435.17 1,769,146.10 6,770,201.81 Scheduled Interest 3,314,306.07 573,625.73 1,684,998.62 Servicing Fees 166,870.68 28,748.73 89,733.04 Master Servicing Fees 0.00 0.00 0.00 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 134,974.61 21,001.39 92,194.89 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 3,012,460.78 523,875.61 1,503,070.69 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.984406 6.761959 6.383872
Group Level Collateral Statement Group Total Collateral Description Mixed & ARM & Balloon Weighted Average Coupon Rate 7.469201 Weighted Average Net Rate 7.067144 Weighted Average Maturity 351.00 Record Date 07/31/2004 Principal And Interest Constant 12,207,223.37 Beginning Loan Count 11,570 Loans Paid In Full 239 Ending Loan Count 11,331 Beginning Scheduled Balance 1,740,938,225.11 Ending Scheduled Balance 1,699,248,910.14 Scheduled Principal 1,371,041.56 Unscheduled Principal 40,318,273.41 Scheduled Interest 10,836,181.81 Servicing Fee 583,297.03 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 536,385.76 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 9,716,499.02 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.697422
EX-99.2
theMurrayhillcompany SAIL 2004-4 Credit Risk Manager Report July 2004 The information contained in this Report is based upon a specific point in time and reflects performance solely through that point in time. It does not forecast the performance of the portfolio in the future. The information in this Report is not investment advice concerning a particular portfolio or security, and no mention of a particular security in this Report constitutes a recommendation to buy, sell, or hold that or any other security. The Report is based upon information provided to The Murrayhill Company by third parties and therefore The Murrayhill Company cannot, and does not, warrant that the information contained in this Report is accurate or complete. Table of Contents Section One Transaction Summary Section Two Prepayment Premium Analysis Section Three Analytics Section One Transaction Summary theMurrayhillcompany SAIL 2004-4 Transaction Summary July 2004 Transaction Summary Closing Date 4/30/04 Depositor Structured Asset Securities Corporation Trustee LaSalle Bank National Association Securities Administrator Wells Fargo Master Servicer Aurora Loan Services Servicers Aurora Loan Services, Chase Home Finance, HomEq Servicing Corporation, Option One Mortgage, Wells Fargo Mortgage Insurer Mortgage Guaranty Insurance Corporation Delinquency Reporting Method OTS1 Collateral Summary Closing Date 6/30/2004 6/30/2004 as a Percentage of Closing Date Collateral Balance $1,831,574,666 $1,619,176,539 88.20% Loan Count 12,056 10,840 89.91% Collateral Statistics Loan Count Summed Balance Repurchases2 0 $ 0 First Payment Defaults 11 $ 1,380,450 Early Payment Defaults 3 165 $ 23,346,986 Multiple Loans to One Borrower 13 $ 1,979,315 Second Lien Statistics Loan Count Summed Balance Outstanding Second Lien Loans 557 $ 26,192,336 30 Days Delinquent 3 $ 168,818 60 Days Delinquent 6 $ 410,058 90+ Days Delinquent 2 $ 65,080 1 OTS Method: A current loan becomes 30 days delinquent if the scheduled payment is not made by the close of business on the corresponding day of the following month. Similarly for 60 days delinquent and the second immediately succeeding month and 90 days delinquent and the third immediately succeeding month. 2 Refers to loans repurchased in the current month 3 A default that occurs on the second or third scheduled payment (C) 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation of Prepayment Premiums for SAIL 2004-4 Mortgage Data Through: June 30, 2004 Section 1: Prepayment premiums collected by the servicer and remitted to the trustee. This information is reported to Murrayhil each month. Trustee Remittance Date 25-Jul-04 25-Jun-04 25-May-04 Servicers $699,510 $354,343 $162,833 Section 2: Prepayment premiums remitted to the P Class by the trustee. This information is taken from the statement to Certific prepared by the trustee. Trustee Remittance Date 25-Jul-04 25-Jun-04 25-May-04 P Class $699,510 $448,145 $69,031 Section 3: Reconciliation of the amounts remitted by the servicer to the trustee, and the amount remitted to the P Classholders b Amount remitted by servicer: $699,510 Amount remitted to the P Class: $699,510 Difference: $0 Aggregate Paid Off Loans Report for SAIL 2004-4 Mortgage Data Through: June 30, 2004 Distribution Date 25-Jul-04 25-Jun-04 25-May-04 Loans with Active Prepayment Flags that Remitted Premiums ( A ) 141 62 31 Loans without Prepayment Flags that Remitted Premiums 0 1 0 Total Loans that Remitted Premiums ( B ) 141 63 31 Loans with Active Prepayment Flags ( C ) 145 63 34 Loans without Prepayment Flags that Remitted Premiums 0 1 0 Subtotal ( D ) 146 64 34 Premiums Remitted with Active Prepayment Flags (A/C) 97.2% 98.4% 91.2% Total Loans that Remitted Premiums to the Subtotal (B/D ) 96.6% 98.4% 91.2% Total Paid Off Loans ( E ) 238 128 69 Total Loans that Remitted Premiums to the Total Paid Off Loans ( B/E ) 59.2% 49.2% 44.9% Paid Off Loans Exception Report for SAIL 2004-4 Mortgage Data Through: June 30, 2004 Total Paid Off Loans with Flags 146 Less Exceptions: Loans with Expired Prepayment Clauses (as stated in the Note)* 0 Loans that Liquidated from REO* 0 Loans with Discrepancies between the Data File and the Note 0 Defaulted Liquidated Loans that Could Not Have Collected Premiums because of the Acceleration of the Debt* 1 Loans that Liquidated Through Loss Mitigation Efforts* 0 Total Paid Off Loans with Active Prepayment Flags (C) 145 Other Exceptions: Paid Off Loans that Did Not Collect Premiums because of State Statutes 0 Paid Off Loans with Active Prepayment Flags that Have Not Remitted Premiums 4 * These categories are mutually exclusive. Paid off Loans With Prepayment Flags for SAIL 2004-4 Mortgage Data Through: June 30, 2004 Loan number Delinquency Origination PPP Exp. Date Payoff String Date Flag Balance 4863192 C0 1/5/04 2 1/5/06 $39,779 4861713 CCCC0 1/13/04 2 1/13/06 $99,865 4864046 C0 1/29/04 3 1/29/07 $182,638 4860423 CCC0 1/8/04 2 1/8/06 $38,682 4861238 C0 7/29/03 1 7/29/04 $115,171 4864942 CC0 11/20/03 1 11/20/04 $176,432 4866073 CC0 11/21/03 1 11/21/04 $97,141 4866082 CC0 12/19/03 1 12/19/04 $139,624 4869992 CC0 12/23/03 1 12/23/04 $94,312 4865757 CC0 12/29/03 1 12/29/04 $108,550 4858634 0 1/12/04 1 1/12/05 $212,241 4858613 C 1/16/04 1 1/16/05 $61,933 4858614 C 1/16/04 1 1/16/05 $247,443 4869037 CC0 1/20/04 1 1/20/05 $194,817 4864435 0 1/26/04 1 1/26/05 $187,609 4859832 C 2/4/04 1 2/4/05 $336,690 4861283 C0 8/21/03 2 8/21/05 $304,500 4865576 CC0 10/8/03 2 10/8/05 $87,433 4869713 CC0 11/14/03 2 11/14/05 $123,615 4865263 CC0 11/21/03 2 11/21/05 $96,297 4864582 CC0 11/25/03 2 11/25/05 $179,191 4865942 CC0 11/25/03 2 11/25/05 $199,428 4864599 CC0 12/1/03 2 12/1/05 $115,429 4858296 CC0 12/1/03 2 12/1/05 $232,532 4870181 CC0 12/1/03 2 12/1/05 $224,403 4866181 CC0 12/5/03 2 12/5/05 $76,514 4865422 CC0 12/5/03 2 12/5/05 $182,512 4867007 CC0 12/8/03 2 12/8/05 $86,217 4861528 CC0 12/8/03 2 12/8/05 $110,614 4861877 CCCC0 12/10/03 2 12/10/05 $50,854 4867362 CC0 12/12/03 2 12/12/05 $171,637 4861195 CC0 12/15/03 2 12/15/05 $167,516 4869330 CC0 12/15/03 2 12/15/05 $215,426 4868818 CC0 12/15/03 2 12/15/05 $111,745 4861162 CC0 12/15/03 2 12/15/05 $66,125 4858346 CC0 12/17/03 2 12/17/05 $109,105 4868590 CC0 12/17/03 2 12/17/05 $112,162 4865957 CC0 12/17/03 2 12/17/05 $183,941 4867559 CC0 12/17/03 2 12/17/05 $239,174 4867361 CC0 12/18/03 2 12/18/05 $151,691 4869222 CC0 12/19/03 2 12/19/05 $152,951 4868203 CC0 12/19/03 2 12/19/05 $484,455 4862095 CCCC0 12/23/03 2 12/23/05 $178,182 4865090 CC0 12/23/03 2 12/23/05 $97,333 4867346 CC0 12/24/03 2 12/24/05 $470,724 4861455 CC0 12/26/03 2 12/26/05 $103,718 4861722 CC0 12/29/03 2 12/29/05 $173,544 4868146 CC0 12/30/03 2 12/30/05 $74,591 4865420 CC0 12/30/03 2 12/30/05 $165,263 4858417 CC0 12/31/03 2 12/31/05 $557,793 4868757 CC0 12/31/03 2 12/31/05 $97,737 4864955 CC0 12/31/03 2 12/31/05 $159,608 4858446 CC0 12/31/03 2 12/31/05 $241,649 4859519 6 1/6/04 2 1/6/06 $213,498 4863779 0 1/7/04 2 1/7/06 $256,222 4858365 CC0 1/7/04 2 1/7/06 $144,083 4867089 CC0 1/7/04 2 1/7/06 $117,658 4861841 CCC30 1/8/04 2 1/8/06 $182,250 4862886 C0 1/8/04 2 1/8/06 $29,697 4863679 0 1/8/04 2 1/8/06 $228,287 4863332 0 1/8/04 2 1/8/06 $190,957 4858971 0 1/8/04 2 1/8/06 $357,000 4864897 CC0 1/9/04 2 1/9/06 $141,053 4868785 CC0 1/12/04 2 1/12/06 $149,714 4858416 CC0 1/12/04 2 1/12/06 $199,500 4858433 CC0 1/13/04 2 1/13/06 $293,860 4868781 CC0 1/13/04 2 1/13/06 $119,774 4858651 0 1/13/04 2 1/13/06 $34,117 4858386 CC0 1/14/04 2 1/14/06 $634,722 4860355 CCCC0 1/15/04 2 1/15/06 $54,310 4864017 C0 1/15/04 2 1/15/06 $119,403 4870174 CC0 1/15/04 2 1/15/06 $258,204 4867493 CC0 1/15/04 2 1/15/06 $159,576 4864952 CC0 1/16/04 2 1/16/06 $116,733 4860721 CCCC0 1/20/04 2 1/20/06 $122,182 4864243 30 1/22/04 2 1/22/06 $207,844 4866289 CC0 1/22/04 2 1/22/06 $105,194 4863606 C0 1/23/04 2 1/23/06 $33,247 4859958 0 1/26/04 2 1/26/06 $147,441 4860603 CCCC0 1/27/04 2 1/27/06 $143,668 4864391 C0 1/27/04 2 1/27/06 $127,289 4864517 C0 1/27/04 2 1/27/06 $176,707 4864006 0 1/27/04 2 1/27/06 $149,804 4866976 CC0 1/27/04 2 1/27/06 $119,811 4858563 0 1/27/04 2 1/27/06 $159,416 4864461 C0 1/28/04 2 1/28/06 $179,476 4864440 0 1/28/04 2 1/28/06 $140,577 4864250 C0 1/29/04 2 1/29/06 $275,000 4863774 0 1/29/04 2 1/29/06 $279,162 4859177 C 1/29/04 2 1/29/06 $94,201 4863558 C0 1/30/04 2 1/30/06 $174,176 4859324 0 1/30/04 2 1/30/06 $146,250 4863183 C0 2/2/04 2 2/2/06 $231,451 4860002 0 2/3/04 2 2/3/06 $360,000 4859060 0 2/3/04 2 2/3/06 $63,607 4859078 0 2/3/04 2 2/3/06 $445,299 4859566 0 2/4/04 2 2/4/06 $327,259 4859438 0 2/6/04 2 2/6/06 $463,250 4858587 C 2/6/04 2 2/6/06 $105,866 4863675 C0 11/28/03 3 11/28/06 $576,650 4867823 CC0 12/1/03 3 12/1/06 $114,867 4863440 C0 12/12/03 3 12/12/06 $274,830 4862164 C0 12/17/03 3 12/17/06 $189,256 4861785 CCCC0 12/22/03 3 12/22/06 $79,906 4861538 CCCC0 12/22/03 3 12/22/06 $148,217 4862204 C0 12/22/03 3 12/22/06 $162,486 4865967 CC0 12/22/03 3 12/22/06 $102,704 4865522 CC0 12/23/03 3 12/23/06 $258,546 4861947 C0 12/30/03 3 12/30/06 $21,481 4861946 C0 12/30/03 3 12/30/06 $85,843 4866993 CC0 12/30/03 3 12/30/06 $67,138 4867349 CC0 12/31/03 3 12/31/06 $184,218 4861198 CC0 1/6/04 3 1/6/07 $111,805 4866140 CC0 1/6/04 3 1/6/07 $123,131 4860893 CCCC0 1/7/04 3 1/7/07 $306,014 4868345 CC0 1/7/04 3 1/7/07 $123,304 4863124 C0 1/8/04 3 1/8/07 $346,213 4863511 0 1/8/04 3 1/8/07 $177,038 4863135 0 1/8/04 3 1/8/07 $167,375 4863910 CCCC0 1/13/04 3 1/13/07 $107,786 4863566 C0 1/13/04 3 1/13/07 $274,443 4865831 CC0 1/22/04 3 1/22/07 $57,915 4869241 CC0 1/26/04 3 1/26/07 $109,741 4864007 0 1/27/04 3 1/27/07 $37,490 4866975 CC0 1/27/04 3 1/27/07 $54,547 4859925 0 1/27/04 3 1/27/07 $180,000 4859576 0 1/27/04 3 1/27/07 $139,639 4859904 C 1/27/04 3 1/27/07 $132,591 4864384 C0 1/28/04 3 1/28/07 $269,986 4863498 C0 1/29/04 3 1/29/07 $39,787 4859176 C 1/29/04 3 1/29/07 $24,964 4858508 C 1/29/04 3 1/29/07 $155,431 4859080 C 1/29/04 3 1/29/07 $323,671 4858495 C 1/30/04 3 1/30/07 $317,288 4859081 C 2/5/04 3 2/5/07 $163,694 4859082 C 2/5/04 3 2/5/07 $40,962 4859413 0 2/6/04 3 2/6/07 $244,482 4863270 CCC0 12/16/03 2 12/16/05 $237,500 4888651 CCC0 1/8/04 2 1/8/06 $108,177 4888545 CCC0 12/29/03 3 12/29/06 $367,000 4890799 CCC0 11/26/03 3 11/26/06 $40,880 4860847 CCC0 2/4/04 3 2/4/07 $121,913 4868665 CCC 11/13/03 3 11/13/06 $90,027 4867264 CCC 12/30/03 2 12/30/05 $163,437 4865624 CCC 12/9/03 2 12/9/05 $142,534 Paid off Loans With Prepayment Flags for SAIL 2004-4 Mortgage Data Through: June 30, 2004 (Cont.) Loan Number PPP Remitted % of PPP PPP Comments Premium to Collected, Collected, Payoff w/Flag No Flag Balance 4863192 - 0% 4863192 Awaiting response from servicer 4861713 - 0% 4861713 Awaiting response from servicer 4864046 - 0% 4864046 Awaiting response from servicer 4860423 - 0% 4860423 Awaiting response from servicer 4861238 $3,571 3% 4864942 $6,487 4% 4866073 $1,941 2% 4866082 $2,792 2% 4869992 $1,886 2% 4865757 $2,169 2% 4858634 $7,214 3% 4858613 $2,722 4% 4858614 $7,409 3% 4869037 $5,451 3% 4864435 $5,142 3% 4859832 $9,624 3% 4861283 $2,436 1% 4865576 $874 1% 4869713 $2,472 2% 4865263 $3,230 3% 4864582 $5,007 3% 4865942 $7,055 4% 4864599 $3,275 3% 4858296 $6,973 3% 4870181 $8,614 4% 4866181 $765 1% 4865422 $5,470 3% 4867007 $2,622 3% 4861528 $1,105 1% 4861877 $1,573 3% 4867362 $5,628 3% 4861195 $6,449 4% 4869330 $8,725 4% 4868818 $1,120 1% 4861162 $1,323 2% 4858346 $2,853 3% 4868590 $3,355 3% 4865957 $5,465 3% 4867559 $7,798 3% 4867361 $6,002 4% 4869222 $5,277 3% 4868203 $9,689 2% 4862095 $4,627 3% 4865090 $1,946 2% 4867346 $14,396 3% 4861455 $3,313 3% 4861722 $5,066 3% 4868146 $2,338 3% 4865420 $5,016 3% 4858417 $13,580 2% 4868757 $1,293 1% 4864955 $3,392 2% 4858446 $8,147 3% 4859519 $7,385 3% 4863779 $8,906 3% 4858365 $4,429 3% 4867089 $3,219 3% 4861841 $1,602 1% 4862886 $594 2% 4863679 $6,221 3% 4863332 $4,553 2% 4858971 $12,096 3% 4864897 $1,414 1% 4868785 $2,043 1% 4858416 $6,699 3% 4858433 $8,987 3% 4868781 $1,644 1% 4858651 $1,187 3% 4858386 $16,742 3% 4860355 $1,954 4% 4864017 $3,336 3% 4870174 $8,500 3% 4867493 $4,237 3% 4864952 $4,378 4% 4860721 $1,375 1% 4864243 $6,193 3% 4866289 $1,052 1% 4863606 $1,230 4% 4859958 $4,656 3% 4860603 $4,221 3% 4864391 $4,575 4% 4864517 $6,359 4% 4864006 $3,786 3% 4866976 $1,198 1% 4858563 $4,141 3% 4864461 $5,488 3% 4864440 $4,609 3% 4864250 $6,215 2% 4863774 $9,196 3% 4859177 $2,956 3% 4863558 $5,013 3% 4859324 $5,730 4% 4863183 $6,350 3% 4860002 $12,231 3% 4859060 $638 1% 4859078 $13,797 3% 4859566 $8,896 3% 4859438 $12,939 3% 4858587 $3,068 3% 4863675 $13,234 2% 4867823 $1,149 1% 4863440 $8,830 3% 4862164 $4,632 2% 4861785 $2,397 3% 4861538 $2,372 2% 4862204 $4,790 3% 4865967 $3,981 4% 4865522 $8,258 3% 4861947 $1,074 5% 4861946 $4,292 5% 4866993 $671 1% 4867349 $1,634 1% 4861198 $3,911 3% 4866140 $4,874 4% 4860893 $8,745 3% 4868345 $2,462 2% 4863124 $9,633 3% 4863511 $4,397 2% 4863135 $4,322 3% 4863910 $3,491 3% 4863566 $8,770 3% 4865831 $1,737 3% 4869241 $4,774 4% 4864007 $1,451 4% 4866975 $2,289 4% 4859925 $4,675 3% 4859576 $1,396 1% 4859904 $3,908 3% 4864384 $7,232 3% 4863498 $1,589 4% 4859176 $1,097 4% 4858508 $4,038 3% 4859080 $3,255 1% 4858495 $10,465 3% 4859081 $5,498 3% 4859082 $1,925 5% 4859413 $7,619 3% 4863270 $6,413 3% 4888651 $3,154 3% 4888545 $7,325 2% 4890799 $1,428 3% 4860847 $5,363 4% 4868665 $1,406 2% 4867264 $6,497 4% 4865624 $2,851 2% (C) 2004 The Murrayhill Company. All Rights Reserved. Section Three Analytics SAIL 2004-4 FICO Distribution by Status Mortgage Data Through: June 30, 2004 FICO Delinquency Percentage 460 Delinquent 0.004 480 Current 0 490 Current 0 500 Current 0.014 500 Delinquent 0.023 500 Paid Off 0.005 510 Current 0.032 510 Delinquent 0.089 510 Paid Off 0.03 520 Current 0.039 520 Delinquent 0.078 520 Paid Off 0.032 530 Current 0.04 530 Delinquent 0.101 530 Paid Off 0.05 540 Current 0.045 540 Delinquent 0.081 540 Paid Off 0.064 550 Current 0.044 550 Delinquent 0.066 550 Paid Off 0.03 560 Current 0.041 560 Delinquent 0.07 560 Paid Off 0.046 570 Current 0.039 570 Delinquent 0.058 570 Paid Off 0.032 580 Current 0.051 580 Delinquent 0.027 580 Paid Off 0.05 590 Current 0.052 590 Delinquent 0.047 590 Paid Off 0.032 600 Current 0.056 600 Delinquent 0.05 600 Paid Off 0.037 610 Current 0.059 610 Delinquent 0.05 610 Paid Off 0.041 620 Current 0.065 620 Delinquent 0.043 620 Paid Off 0.053 630 Current 0.063 630 Delinquent 0.031 630 Paid Off 0.057 640 Current 0.062 640 Delinquent 0.035 640 Paid Off 0.05 650 Current 0.051 650 Delinquent 0.023 650 Paid Off 0.055 660 Current 0.044 660 Delinquent 0.019 660 Paid Off 0.076 670 Current 0.038 670 Delinquent 0.027 670 Paid Off 0.027 680 Current 0.031 680 Delinquent 0.016 680 Paid Off 0.041 690 Current 0.028 690 Delinquent 0.004 690 Paid Off 0.027 700 Current 0.022 700 Delinquent 0.012 700 Paid Off 0.043 710 Current 0.018 710 Delinquent 0.008 710 Paid Off 0.037 720 Current 0.014 720 Delinquent 0.004 720 Paid Off 0.027 730 Current 0.012 730 Delinquent 0.012 730 Paid Off 0.021 740 Current 0.009 740 Delinquent 0.004 740 Paid Off 0.011 750 Current 0.009 750 Delinquent 0.008 750 Paid Off 0.007 760 Current 0.007 760 Paid Off 0.007 770 Current 0.004 770 Delinquent 0.008 770 Paid Off 0.007 780 Current 0.003 780 Paid Off 0.005 790 Current 0.003 790 Delinquent 0.004 800 Current 0 810 Current 0.001 820 Current 0 Status # of Loans Average Std. Deviation Current 11,286 611 69.806 Delinquent 258 579 61.548 Paid Off 437 621 66.514 Total: 11,981 SAIL 2004-4 Loan-to-Value Distribution by Status Mortgage Data Through: June 30, 2004 LTV Delinquency Percentage 0 Current 0 0.1 Paid Off 0.011 0.1 Current 0.008 0.1 Delinquent 0.004 0.2 Current 0.056 0.2 Delinquent 0.039 0.2 Paid Off 0.057 0.3 Delinquent 0.004 0.3 Paid Off 0.014 0.3 Current 0.009 0.4 Paid Off 0.011 0.4 Delinquent 0.004 0.4 Current 0.014 0.5 Delinquent 0.019 0.5 Current 0.026 0.5 Paid Off 0.037 0.6 Current 0.055 0.6 Paid Off 0.08 0.6 Delinquent 0.039 0.7 Paid Off 0.135 0.7 Current 0.116 0.7 Delinquent 0.112 0.8 Paid Off 0.35 0.8 Delinquent 0.442 0.8 Current 0.398 0.9 Paid Off 0.238 0.9 Delinquent 0.264 0.9 Current 0.235 1 Delinquent 0.074 1 Paid Off 0.066 1 Current 0.083 Status # of Loans Average Std. Deviation Current 11,286 0.802 0.129 Delinquent 258 0.806 0.107 Paid Off 437 0.789 0.131 Total: 11,981 SAIL 2004-4 Balance Distribution by Status Mortgage Data Through: June 30, 2004 Balance Delinquency Percentage 0 Delinquent 0.004 10000 Current 0.002 20000 Delinquent 0.008 20000 Current 0.009 30000 Current 0.021 30000 Delinquent 0.016 40000 Delinquent 0.031 40000 Current 0.022 50000 Current 0.051 50000 Delinquent 0.047 60000 Delinquent 0.105 60000 Current 0.058 70000 Current 0.062 70000 Delinquent 0.058 80000 Current 0.057 80000 Delinquent 0.062 90000 Current 0.054 90000 Delinquent 0.062 100000 Delinquent 0.031 100000 Current 0.054 110000 Current 0.053 110000 Delinquent 0.078 120000 Delinquent 0.035 120000 Current 0.048 130000 Delinquent 0.027 130000 Current 0.043 140000 Delinquent 0.05 140000 Current 0.045 150000 Current 0.038 150000 Delinquent 0.031 160000 Current 0.039 160000 Delinquent 0.035 170000 Delinquent 0.027 170000 Current 0.032 180000 Current 0.031 180000 Delinquent 0.019 190000 Delinquent 0.027 190000 Current 0.025 200000 Delinquent 0.023 200000 Current 0.025 210000 Current 0.023 210000 Delinquent 0.016 220000 Delinquent 0.035 220000 Current 0.025 230000 Current 0.02 230000 Delinquent 0.019 240000 Delinquent 0.012 240000 Current 0.015 250000 Delinquent 0.027 250000 Current 0.016 260000 Current 0.014 260000 Delinquent 0.012 270000 Current 0.011 270000 Delinquent 0.016 280000 Delinquent 0.008 280000 Current 0.013 290000 Current 0.009 300000 Current 0.012 300000 Delinquent 0.008 310000 Delinquent 0.012 310000 Current 0.008 320000 Current 0.009 320000 Delinquent 0.008 330000 Delinquent 0.004 330000 Current 0.007 340000 Current 0.005 350000 Current 0.006 350000 Delinquent 0.004 360000 Delinquent 0.004 360000 Current 0.005 370000 Current 0.005 380000 Current 0.003 380000 Delinquent 0.008 390000 Delinquent 0.004 390000 Current 0.003 400000 Delinquent 0.008 400000 Current 0.003 410000 Current 0.002 420000 Current 0.001 430000 Current 0.001 440000 Current 0.002 450000 Current 0.002 450000 Delinquent 0.004 460000 Current 0.001 470000 Current 0.001 480000 Current 0.001 480000 Delinquent 0.004 490000 Current 0.001 500000 Current 0.002 500000 Delinquent 0.008 510000 Current 0 520000 Current 0.001 530000 Current 0 540000 Current 0.001 550000 Current 0.001 560000 Current 0.001 560000 Delinquent 0.004 570000 Current 0.001 580000 Current 0.001 590000 Current 0 600000 Current 0 620000 Current 0 630000 Current 0 640000 Current 0 650000 Current 0 660000 Current 0 670000 Current 0 680000 Current 0 700000 Current 0 710000 Current 0 720000 Current 0 730000 Current 0 770000 Current 0 820000 Current 0 910000 Delinquent 0.004 Status # of Loans Average Std. Deviation Current 11,286 150,619.22 96,697.31 Delinquent 258 147,254.32 106,907.99 Total: 11,544 SAIL 2004-4 Mortgage Type Distribution by Status Mortgage Data Through: June 30, 2004 Mortgage Type Delinquency Percentage Investment Home Current 0.089 Investment Home Delinquent 0.097 Investment Home Paid Off 0.169 Primary Home Current 0.901 Primary Home Delinquent 0.891 Primary Home Paid Off 0.826 Second Home Current 0.01 Second Home Delinquent 0.012 Second Home Paid Off 0.005 Mortgage Loan Total Avg. Std. Type Count Balance Balance Deviation (Unknown) 64 7,473,689.00 116,776.39 82,933.16 Balloon 181 8,058,088.21 44,519.82 30,191.19 Fixed 3,300 410,134,265.50 124,283.11 93,254.03 Total: 11,981 1,737,880,154.44 SAIL 2004-4 Mortgage Term Distribution by Status Mortgage Data Through: June 30, 2004 Mortgage Term Delinquency Percentage 120 Current 0.001 180 Current 0.041 180 Delinquent 0.023 180 Paid Off 0.039 240 Paid Off 0.023 240 Delinquent 0.012 240 Current 0.019 360 Current 0.939 360 Delinquent 0.965 360 Paid Off 0.938 # of Loans Other 120 180 240 360 11,981 0 9 482 232 11,258 SAIL 2004-4 Mortgage Purpose Distribution Mortgage Data Through: June 30, 2004 Origination Statistics Number of Loans: 12,056 Purpose Number Percentage Cash-out refinance 7,023 58.3% Purchase 4,089 33.9% Rate/term 944 7.8% Home 0 0.0% Other 0 0.0% Total 12,056 100% Current Loans Number of Loans: 11,286 Purpose Number Percentage Cash-out refinance 6,584 58.3% Purchase 3,814 33.8% Rate/term 888 7.9% Home 0 0.0% Other 0 0.0% Total 11,286 100% Delinquent Loans Number of Loans: 258 Purpose Number Percentage Cash-out refinance 141 54.7% Purchase 105 40.7% Rate/term 37 8.5% Home 0 0.0% Other 0 0.0% Total 258 100% Paid Off Loans Number of Loans: 437 Purpose Number Percentage Cash-out refinance 259 59.3% Purchase 141 32.3% Rate/term 37 8.5% Home 0 0.0% Other 0 0.0% Total 437 100% SAIL 2004-4 Ownership Distribution by Status Mortgage Data Through June 30, 2004 Ownership Type Delinquency Percentage Investment Home Current 0.089 Investment Home Delinquent 0.097 Investment Home Paid Off 0.169 Primary Home Current 0.901 Primary Home Delinquent 0.891 Primary Home Paid Off 0.826 Second Home Current 0.01 Second Home Delinquent 0.012 Second Home Paid Off 0.005 Title # of Loans Investment Home 1,106 Primary Home 10,762 Second Home 113 Total: 11,981 SAIL 2004-4 Delinquent Balance Over Time Mortgage Data Through: June 30, 2004 Total Balance in Status As Of Date 30 Days 60 Days 90 Days Foreclosure REO 4/30/2004 $ 7,921,198 $ - $ - $ - $ - 5/31/2004 $ 10,576,367 $ 1,664,381 $ - $ 2,239,986 6/30/2004 $ 24,304,970 $ 8,060,463 $ 932,633 $ 3,929,748 $ - SAIL 2004-4 Delinquent Count Over Time Mortgage Data Through: June 30, 2004 Total Count in Status As Of Date 30 Days 60 Days 90 Days Foreclosure REO 4/30/2004 54 0 0 0 0 5/31/2004 80 12 0 15 0 6/30/2004 151 65 8 29 0 SAIL 2004-4 Conditional Prepayment Rates Mortgage Data Through: June 30, 2004 Distribution 3-Month 6-Month 12-Month Date * Date CPR MA MA MA 30-Jun-04 25-Jul-04 25.10% 31-May-04 25-Jun-04 17.30% 30-Apr-04 25-May-04 79.38% * Data in table is displayed for only the most recent 18 months. SAIL 2004-4 Historical SDA Performance Mortgage Data Through: June 30, 2004 Monthly Weighted Average Default Default CDR SDA Date Age Amt Rate (F-R) Curve SDA % 30-Jun-04 5.50 $0 0.00% 0.00% 0.11% 0% 31-May-04 3.99 $0 0.00% 0.00% 0.08% 0% 30-Apr-04 2.46 $0 0.00% 0.00% 0.05% 0% Averages: 3.98 $0 0.00% 0.00% 0.08% 0% (C) 2004 The Murrayhill Company. All Rights Reserved.
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