-----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, UYq1nipEoILRjMUpr2y+iKl6ogBgcATJVcwK3NykGF9INDkyhTp/ZJEOpr8tfls/ IjRFjbvv9xMIxs2l1Hd/aQ== 0001056404-04-002847.txt : 20040903 0001056404-04-002847.hdr.sgml : 20040903 20040903101030 ACCESSION NUMBER: 0001056404-04-002847 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Structured Adjustable Rate Mortgage Loan Trust CENTRAL INDEX KEY: 0001292253 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: 333-92140-46 FILM NUMBER: 041015361 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 srm04007_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 ADJUSTABLE RATE MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-92140-46 54-6621645 Pooling and Servicing Agreement) (Commission 54-2154098 (State or other File Number) 54-2154099 jurisdiction IRS EIN of Incorporation) 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 ADJUSTABLE RATE MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-7 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 2004-7 Trust, relating to the August 25, 2004 distribution. 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 ADJUSTABLE RATE MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-7 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 2004-7 Trust, relating to the August 25, 2004 distribution. EX-99.1
Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 7/31/04 Distribution Date: 8/25/04 SARM Series: 2004-7 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 86359BRS2 SEN 1.72000% 122,470,525.11 175,541.08 4,587,654.26 A2-A 86359BRT0 SEN 1.65000% 87,447,244.07 120,239.96 4,659,112.74 A2-B 86359BRU7 SEN 1.85000% 2,758,762.20 4,253.09 146,984.44 A3 86359BRV5 SEN 1.94000% 38,096,000.00 61,588.53 0.00 A4 86359BRW3 SEN 1.98000% 6,832,000.00 11,272.80 0.00 M1 86359BRX1 MEZ 2.05000% 6,690,000.00 11,428.75 0.00 M2 86359BRY9 MEZ 2.70000% 4,270,000.00 9,607.50 0.00 X SRM04007X SEN 0.00000% 713,375.62 481,992.74 0.00 P SRM04007P SEN 0.00000% 100.00 24,796.76 0.00 R SRM04007R SEN 0.00000% 0.00 0.00 0.00 Totals 269,278,007.00 900,721.21 9,393,751.44
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 117,882,870.85 4,763,195.34 0.00 A2-A 0.00 82,788,131.33 4,779,352.70 0.00 A2-B 0.00 2,611,777.76 151,237.53 0.00 A3 0.00 38,096,000.00 61,588.53 0.00 A4 0.00 6,832,000.00 11,272.80 0.00 M1 0.00 6,690,000.00 11,428.75 0.00 M2 0.00 4,270,000.00 9,607.50 0.00 X 0.00 713,375.62 481,992.74 0.00 P 0.00 100.00 24,796.76 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 259,884,255.56 10,294,472.65 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 130,000,000.00 122,470,525.11 0.00 4,587,654.26 0.00 0.00 A2-A 95,094,000.00 87,447,244.07 0.00 4,659,112.74 0.00 0.00 A2-B 3,000,000.00 2,758,762.20 0.00 146,984.44 0.00 0.00 A3 38,096,000.00 38,096,000.00 0.00 0.00 0.00 0.00 A4 6,832,000.00 6,832,000.00 0.00 0.00 0.00 0.00 M1 6,690,000.00 6,690,000.00 0.00 0.00 0.00 0.00 M2 4,270,000.00 4,270,000.00 0.00 0.00 0.00 0.00 X 713,375.62 713,375.62 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 284,695,475.62 269,278,007.00 0.00 9,393,751.44 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 4,587,654.26 117,882,870.85 0.90679131 4,587,654.26 A2-A 4,659,112.74 82,788,131.33 0.87059259 4,659,112.74 A2-B 146,984.44 2,611,777.76 0.87059259 146,984.44 A3 0.00 38,096,000.00 1.00000000 0.00 A4 0.00 6,832,000.00 1.00000000 0.00 M1 0.00 6,690,000.00 1.00000000 0.00 M2 0.00 4,270,000.00 1.00000000 0.00 X 0.00 713,375.62 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 9,393,751.44 259,884,255.56 0.91284997 9,393,751.44
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 130,000,000.00 942.08096238 0.00000000 35.28964815 0.00000000 A2-A 95,094,000.00 919.58739847 0.00000000 48.99481292 0.00000000 A2-B 3,000,000.00 919.58740000 0.00000000 48.99481333 0.00000000 A3 38,096,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A4 6,832,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 6,690,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 4,270,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 713,375.62 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 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
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 35.28964815 906.79131423 0.90679131 35.28964815 A2-A 0.00000000 48.99481292 870.59258555 0.87059259 48.99481292 A2-B 0.00000000 48.99481333 870.59258667 0.87059259 48.99481333 A3 0.00000000 0.00000000 1,000.00000000 1.00000000 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 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 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 130,000,000.00 1.72000% 122,470,525.11 175,541.09 0.00 0.00 A2-A 95,094,000.00 1.65000% 87,447,244.07 120,239.96 0.00 0.00 A2-B 3,000,000.00 1.85000% 2,758,762.20 4,253.09 0.00 0.00 A3 38,096,000.00 1.94000% 38,096,000.00 61,588.53 0.00 0.00 A4 6,832,000.00 1.98000% 6,832,000.00 11,272.80 0.00 0.00 M1 6,690,000.00 2.05000% 6,690,000.00 11,428.75 0.00 0.00 M2 4,270,000.00 2.70000% 4,270,000.00 9,607.50 0.00 0.00 X 713,375.62 0.00000% 269,278,006.99 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 284,695,475.62 393,931.72 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 0.00 175,541.08 0.00 117,882,870.85 A2-A 0.00 0.00 120,239.96 0.00 82,788,131.33 A2-B 0.00 0.00 4,253.09 0.00 2,611,777.76 A3 0.00 0.00 61,588.53 0.00 38,096,000.00 A4 0.00 0.00 11,272.80 0.00 6,832,000.00 M1 0.00 0.00 11,428.75 0.00 6,690,000.00 M2 0.00 0.00 9,607.50 0.00 4,270,000.00 X 0.00 0.00 481,992.74 0.00 259,884,255.55 P 0.00 0.00 24,796.76 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 900,721.21 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 130,000,000.00 1.72000% 942.08096238 1.35031608 0.00000000 0.00000000 A2-A 95,094,000.00 1.65000% 919.58739847 1.26443267 0.00000000 0.00000000 A2-B 3,000,000.00 1.85000% 919.58740000 1.41769667 0.00000000 0.00000000 A3 38,096,000.00 1.94000% 1000.00000000 1.61666658 0.00000000 0.00000000 A4 6,832,000.00 1.98000% 1000.00000000 1.65000000 0.00000000 0.00000000 M1 6,690,000.00 2.05000% 1000.00000000 1.70833333 0.00000000 0.00000000 M2 4,270,000.00 2.70000% 1000.00000000 2.25000000 0.00000000 0.00000000 X 713,375.62 0.00000% 377470.15659156 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 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
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 1.35031600 0.00000000 906.79131423 A2-A 0.00000000 0.00000000 1.26443267 0.00000000 870.59258555 A2-B 0.00000000 0.00000000 1.41769667 0.00000000 870.59258667 A3 0.00000000 0.00000000 1.61666658 0.00000000 1000.00000000 A4 0.00000000 0.00000000 1.65000000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.70833333 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.25000000 0.00000000 1000.00000000 X 0.00000000 0.00000000 675.65070418 0.00000000 364302.12676738 P 0.00000000 0.00000000 247967.60000000 0.00000000 1000.00000000 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 10,352,959.51 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 10,352,959.51 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 58,486.86 Payment of Interest and Principal 10,294,472.65 Total Withdrawals (Pool Distribution Amount) 10,352,959.51 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 56,242.90 Wells Fargo Bank, N.A. 2,243.96 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 58,486.86
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 355,419.31 0.00 0.00 0.00 355,419.31 60 Days 1 0 0 0 1 255,900.00 0.00 0.00 0.00 255,900.00 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 2 0 0 0 2 611,319.31 0.00 0.00 0.00 611,319.31 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.133333% 0.000000% 0.000000% 0.000000% 0.133333% 0.136749% 0.000000% 0.000000% 0.000000% 0.136749% 60 Days 0.133333% 0.000000% 0.000000% 0.000000% 0.133333% 0.098459% 0.000000% 0.000000% 0.000000% 0.098459% 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 0.266667% 0.000000% 0.000000% 0.000000% 0.266667% 0.235208% 0.000000% 0.000000% 0.000000% 0.235208%
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 Mixed Fixed & Arm Weighted Average Gross Coupon 4.164074% Weighted Average Net Coupon 3.913436% Weighted Average Pass-Through Rate 3.903436% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 781 Number Of Loans Paid In Full 31 Ending Scheduled Collateral Loan Count 750 Beginning Scheduled Collateral Balance 269,278,006.99 Ending Scheduled Collateral Balance 259,884,255.55 Ending Actual Collateral Balance at 31-Jul-2004 259,905,690.49 Monthly P &I Constant 976,359.36 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 259,884,255.55 Scheduled Principal 41,948.02 Unscheduled Principal 9,351,803.42
Miscellaneous Reporting Overcollateralization Amount 713,375.62 Overcollateralization Deficiency 0.00 Targeted Overcollateralization Amount 713,375.62 Cap Payment 0.00
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