-----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, SYCjThjZ+ZsbyD1n5v4R59hKLPQvKx6aHvDvJhdu+LuIWqvv6YirVoECeUCIAIqx +Xkdy5cP/LAnRrf0QSQxmw== 0000950134-05-002395.txt : 20050209 0000950134-05-002395.hdr.sgml : 20050209 20050209140749 ACCESSION NUMBER: 0000950134-05-002395 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050120 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050209 DATE AS OF CHANGE: 20050209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sequoia Mortgage Trust 2004-6 CENTRAL INDEX KEY: 0001295891 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-115296-03 FILM NUMBER: 05587992 BUSINESS ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153897373 MAIL ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 8-K 1 f05544ge8vk.txt FORM 8-K 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 January 20, 2005 Date of Report (Date of Earliest Event Reported) SEQUOIA RESIDENTIAL FUNDING, INC. SEQUOIA MORTGAGE TRUST 2004-6 ----------------------------- (as Depositor of Sequoia Mortgage Trust 2004-6, the Issuer of Mortgage Pass- Through Certificates under a Pooling and Servicing Agreement dated as of June 1, 2004) SEQUOIA RESIDENTIAL FUNDING, INC. --------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 333-115296-03 35-2170972 -------- ------------- ---------- (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Incorporation) Identification No.)
One Belvedere Place, Suite 330, Mill Valley, CA 94941 ----------------------------------------------------- (Address of Principal Executive Offices) (415) 381-1765 -------------- (Registrant's Telephone Number, Including Area Code) Not Applicable -------------- (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)) INFORMATION TO BE INCLUDED IN THE REPORT Item 8.01. OTHER EVENTS Sequoia Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 2004-6 (the "Certificates"). The following exhibit which relates specifically to the Certificates is included with this Current Report: Item 9.01. Exhibits 10.1 Monthly Payment Date Statement relating to the distribution to Certificateholders, January 20, 2005. SIGNATURE 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 thereunto duly authorized. Date: February 7, 2005 SEQUOIA RESIDENTIAL FUNDING, INC. By: /s/ Harold F. Zagunis ------------------------------------- Harold F. Zagunis Chief Financial Officer and Secretary EXHIBIT INDEX
Exhibit Number Page Number - -------------- ----------- 10.1 Monthly Payment Date Statement relating to the distribution to Certificateholders, January 20, 2005............................. 5
EX-10.1 2 f05544gexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2004-6 RECORD DATE: DECEMBER 31, 2004 DISTRIBUTION DATE: JANUARY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ------ --------- ----------- ----------------- -------------- ------------ A-1 81744FCG0 SEN 3.69814% 453,486,508.26 1,397,545.90 A-2 81744FCH8 SEN 2.69000% 169,260,920.28 379,426.56 A-3-A 81744FCJ4 SEN 3.01750% 181,126,244.51 455,457.04 A-3-B 81744FCU9 SEN 3.16000% 3,226,167.21 8,495.57 X-A 81744FCK1 IO 0.71850% 0.00 211,781.79 X-B 81744FCL9 IO 0.59592% 0.00 12,408.53 B-1 81744FCN5 SUB 2.91000% 15,725,000.00 38,133.13 B-2 81744FCP0 SUB 3.29000% 9,250,000.00 25,360.42 B-3 81744FCQ8 SUB 3.64666% 5,550,000.00 16,865.79 B-4 81744FCR6 SUB 3.64666% 2,313,000.00 7,028.93 B-5 81744FCS4 SUB 3.64666% 2,313,000.00 7,028.93 B-6 81744FCT2 SUB 3.64666% 4,166,584.59 12,661.78 A-R 81744FCM7 R 3.36251% 0.00 0.00 -------------- ------------ Totals 846,417,424.85 2,572,194.37 ============== ============
Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------- ------------- ------------------ ------------- ------------- A-1 14,641,268.07 0.00 438,845,240.19 16,038,813.97 0.00 A-2 4,635,297.84 0.00 164,625,622.44 5,014,724.40 0.00 A-3-A 5,940,192.23 0.00 175,186,052.29 6,395,649.27 0.00 A-3-B 105,804.95 0.00 3,120,362.25 114,300.52 0.00 X-A 0.00 0.00 0.00 211,781.79 0.00 X-B 0.00 0.00 0.00 12,408.53 0.00 B-1 0.00 0.00 15,725,000.00 38,133.13 0.00 B-2 0.00 0.00 9,250,000.00 25,360.42 0.00 B-3 0.00 0.00 5,550,000.00 16,865.79 0.00 B-4 0.00 0.00 2,313,000.00 7,028.93 0.00 B-5 0.00 0.00 2,313,000.00 7,028.93 0.00 B-6 0.00 0.00 4,166,584.59 12,661.78 0.00 A-R 0.00 0.00 0.00 0.00 0.00 ------------- ---- -------------- ------------- ---- Totals 25,322,563.09 0.00 821,094,861.76 27,894,757.46 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 Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------- --------- A-1 500,000,000.00 453,486,508.26 19,690.97 14,621,577.10 0.00 A-2 185,687,000.00 169,260,920.28 4,583.27 4,630,714.57 0.00 A-3 196,500,000.00 181,126,244.51 10,235.12 5,929,957.11 0.00 X-1 3,500,000.00 3,226,167.21 182.30 105,622.65 0.00 X-2 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 B-1 15,725,000.00 15,725,000.00 0.00 0.00 0.00 B-2 9,250,000.00 9,250,000.00 0.00 0.00 0.00 B-3 5,550,000.00 5,550,000.00 0.00 0.00 0.00 B-4 2,313,000.00 2,313,000.00 0.00 0.00 0.00 B-5 2,313,000.00 2,313,000.00 0.00 0.00 0.00 B-6 4,166,584.59 4,166,584.59 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 -------------- -------------- --------- ------------- ---- Totals 925,004,684.59 846,417,424.85 34,691.66 25,287,871.43 0.00 ============== ============== ========= ============= ====
Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- --------------- ------------------ ------------------ --------------- A-1 0.00 14,641,268.07 438,845,240.19 0.87769048 14,641,268.07 A-2 0.00 4,635,297.84 164,625,622.44 0.88657592 4,635,297.84 A-3 0.00 5,940,192.23 175,186,052.29 0.89153207 5,940,192.23 X-1 0.00 105,804.95 3,120,362.25 0.89153207 105,804.95 X-2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 15,725,000.00 1.00000000 0.00 B-2 0.00 0.00 9,250,000.00 1.00000000 0.00 B-3 0.00 0.00 5,550,000.00 1.00000000 0.00 B-4 0.00 0.00 2,313,000.00 1.00000000 0.00 B-5 0.00 0.00 2,313,000.00 1.00000000 0.00 B-6 0.00 0.00 4,166,584.59 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 ---- ------------- -------------- ---------- ------------- Totals 0.00 25,322,563.09 821,094,861.76 0.88766563 25,322,563.09 ==== ============= ============== ========== =============
(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 Class Amount Balance Distribution Distribution Accretion - ----- -------------- ------------- ------------ ------------ ---------- A-1 500,000,000.00 906.97301652 0.03938194 29.24315420 0.00000000 A-2 185,687,000.00 911.53888145 0.02468277 24.93828092 0.00000000 A-3 196,500,000.00 921.76205858 0.05208712 30.17789878 0.00000000 X-1 3,500,000.00 921.76206000 0.05208571 30.17790000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 9,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 5,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 4,166,584.59 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ----- ---------- --------------- ------------------ ------------------ --------------- A-1 0.00000000 29.28253614 877.69048038 0.87769048 29.28253614 A-2 0.00000000 24.96296370 886.57591775 0.88657592 24.96296370 A-3 0.00000000 30.22998590 891.53207272 0.89153207 30.22998590 X-1 0.00000000 30.22998571 891.53207143 0.89153207 30.22998571 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-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 Certificate/ Current Unpaid Original Face Current Notional Accrued Interest Class Amount Certificate Rate Balance Interest Shortfall - ------ -------------- ---------------- -------------- ------------ ---------- A-1 500,000,000.00 3.69814% 453,486,508.26 1,397,545.90 0.00 A-2 185,687,000.00 2.69000% 169,260,920.28 379,426.56 0.00 A-3 196,500,000.00 3.01750% 181,126,244.51 455,457.04 0.00 X-1 3,500,000.00 3.16000% 3,226,167.21 8,495.57 0.00 X-2 0.00 0.71850% 353,613,332.00 211,727.51 0.00 X-B 0.00 0.59592% 24,975,000.00 12,402.50 0.00 B-1 15,725,000.00 2.91000% 15,725,000.00 38,133.13 0.00 B-2 9,250,000.00 3.29000% 9,250,000.00 25,360.42 0.00 B-3 5,550,000.00 3.64666% 5,550,000.00 16,865.79 0.00 B-4 2,313,000.00 3.64666% 2,313,000.00 7,028.93 0.00 B-5 2,313,000.00 3.64666% 2,313,000.00 7,028.93 0.00 B-6 4,166,584.59 3.64666% 4,166,584.59 12,661.75 0.00 A-R 100.00 3.36251% 0.00 0.00 0.00 -------------- ------------ ---- Totals 925,004,684.59 2,572,134.03 0.00 ============== ============ ====
Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- --------- -------- -------------- --------- -------------- A-1 0.00 0.00 0.00 1,397,545.90 0.00 438,845,240.19 A-2 0.00 0.00 0.00 379,426.56 0.00 164,625,622.44 A-3 0.00 0.00 0.00 455,457.04 0.00 175,186,052.29 X-1 0.00 0.00 0.00 8,495.57 0.00 3,120,362.25 X-2 0.00 0.00 0.00 211,781.79 0.00 342,932,036.98 X-B 0.00 0.00 0.00 12,408.53 0.00 24,975,000.00 B-1 0.00 0.00 0.00 38,133.13 0.00 15,725,000.00 B-2 0.00 0.00 0.00 25,360.42 0.00 9,250,000.00 B-3 0.00 0.00 0.00 16,865.79 0.00 5,550,000.00 B-4 0.00 0.00 0.00 7,028.93 0.00 2,313,000.00 B-5 0.00 0.00 0.00 7,028.93 0.00 2,313,000.00 B-6 0.03 0.00 0.00 12,661.78 0.03 4,166,584.59 A-R 0.00 0.00 0.00 0.00 0.00 0.00 ---- ---- ---- ------------ ---- Totals 0.03 0.00 0.00 2,572,194.37 0.03 ==== ==== ==== ============ ====
(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 Current Beginning Unpaid Current Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ----- -------------- ----------- ---------------- --------------- ---------- ---------- A-1 500,000,000.00 3.69814% 906.97301652 2.79509180 0.00000000 0.00000000 A-2 185,687,000.00 2.69000% 911.53888145 2.04336631 0.00000000 0.00000000 A-3 196,500,000.00 3.01750% 921.76205858 2.31784753 0.00000000 0.00000000 X-1 3,500,000.00 3.16000% 921.76206000 2.42730571 0.00000000 0.00000000 X-2 0.00 0.71850% 916.84016314 0.54896201 0.00000000 0.00000000 X-B 0.00 0.59592% 1000.00000000 0.49659660 0.00000000 0.00000000 B-1 15,725,000.00 2.91000% 1000.00000000 2.42500032 0.00000000 0.00000000 B-2 9,250,000.00 3.29000% 1000.00000000 2.74166703 0.00000000 0.00000000 B-3 5,550,000.00 3.64666% 1000.00000000 3.03888108 0.00000000 0.00000000 B-4 2,313,000.00 3.64666% 1000.00000000 3.03888024 0.00000000 0.00000000 B-5 2,313,000.00 3.64666% 1000.00000000 3.03888024 0.00000000 0.00000000 B-6 4,166,584.59 3.64666% 1000.00000000 0.03887986 0.00000720 0.00000000 A-R 100.00 3.36251% 0.00000000 0.00000000 0.00000000 0.00000000
Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ----- ---------- ---------- -------------- ---------- ------------------- A-1 0.00000000 0.00000000 2.79509180 0.00000000 877.69048038 A-2 0.00000000 0.00000000 2.04336631 0.00000000 886.57591775 A-3 0.00000000 0.00000000 2.31784753 0.00000000 891.53207272 X-1 0.00000000 0.00000000 2.42730571 0.00000000 891.53207143 X-2 0.00000000 0.00000000 0.54910274 0.00000000 889.14595768 X-B 0.00000000 0.00000000 0.49683804 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.42500032 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.74166703 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.03888108 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 3.03888024 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 3.03888024 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 3.03888706 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 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 28,192,771.47 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 46,870.61 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 28,239,642.08 Withdrawals Reimbursement for Servicer Advances 75,471.17 Payment of Service Fee 269,413.45 Payment of Interest and Principal 27,894,757.46 ------------- Total Withdrawals (Pool Distribution Amount) 28,239,642.08 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 264,828.69 Master Servicing Fee 4,584.76 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 269,413.45 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------- --------- ----------- -------- -------- Class X-A Pool 2 Comp Sub Account 4,500.00 27.14 27.14 4,500.00 Class X-A Pool 3 Comp Sub Account 4,500.00 27.14 27.14 4,500.00 Class X-B Sub Account 1,000.00 6.03 6.03 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- ------------------------------- ------------------------------ No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------- ------ ---------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 43 12,763,139.34 30 Days 0 0.00 30 Days 0 0.00 60 Days 6 2,076,193.65 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------- -- ---- -- ---- 49 14,839,332.99 0 0.00 0 0.00 == ============= == ==== == ====
REO TOTAL - ------------------------------ ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 43 12,763,139.34 60 Days 0 0.00 60 Days 6 2,076,193.65 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------- 0 0.00 49 14,839,332.99 == ==== == =============
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 1.668607% 1.554402% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.232829% 0.252856% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 1.901436% 1.807258% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 1.668607% 1.554402% 60 Days 0.000000% 0.000000% 60 Days 0.232829% 0.252856% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 1.901436% 1.807258% ======== ======== ======== ========
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 46,870.61
Original $ Original % Current $ Current % Current Class% Prepayment % ------------- ----------- ------------- ----------- -------------- ------------ Class A 39,317,584.59 4.25052816% 39,317,584.59 4.78843389% 95.211566% 0.000000% Class B-1 23,592,584.59 2.55053677% 23,592,584.59 2.87330803% 1.915126% 39.994827% Class B-2 14,342,584.59 1.55054183% 14,342,584.59 1.74676341% 1.126545% 23.526369% Class B-3 8,792,584.59 0.95054487% 8,792,58459 1.07083664% 0.675927% 14.115821% Class B-4 6,479,584.59 0.70049208% 6,479,584.59 0.78913959% 0.281697% 5.882864% Class B-5 4,166,584.59 0.45043930% 4,166,584.59 0.50744254% 0.281697% 5.882864% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.507443% 10.597255%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- -------------------------------- -------------------------------- GROUP ONE No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 25 7,455,725.32 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 1,115,362.18 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ -- ---- -- ---- 28 8,571,087.50 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - -------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 25 7,455,725.32 60 Days 0 0.00 60 Days 3 1,115,362.18 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------ 0 0.00 28 8,571,087.50 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ --------- ------ --------- ------ --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 1.204819% 1.274594% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.401606% 0.195077% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 1.606426% 1.469671% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 1.204819% 1.274594% 60 Days 0.000000% 0.000000% 60 Days 0.401606% 0.195077% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 1.606426% 1.469671% ======== ======== ======== ========
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- --------------------------------- -------------------------------- GROUP TWO 1.183654% No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 6 2,203,404.47 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 337,231.47 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ -- ---- -- ---- 8 2,540,635.94 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - -------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 6 2,203,404.47 60 Days 0 0.00 60 Days 2 337,231.47 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------ 0 0.00 8 2,540,635.94 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- --------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 1.204819% 1.274594% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.401606% 0.195077% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 1.606426% 1.469671% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 1.204819% 1.274594% 60 Days 0.000000% 0.000000% 60 Days 0.401606% 0.195077% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 1.606426% 1.469671% ======== ======== ======== ========
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- --------------------------------- -------------------------------- GROUP THREE 1.183654% No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 12 3,104,009.55 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 623,600.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ -- ---- -- ---- 13 3,727,609.55 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - -------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 12 3,104,009.55 60 Days 0 0.00 60 Days 1 623,600.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------ 0 0.00 13 3,727,609.55 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------- --------------------------------- ------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 1.970443% 1.658255% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.164204% 0.333146% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 2.134647% 1.991401% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- ---------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 1.970443% 1.658255% 60 Days 0.000000% 0.000000% 60 Days 0.164204% 0.333146% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 2.134647% 1.991401% ======== ======== ======== ========
COLLATERAL STATEMENT
Collateral Description Mixed Arm - ---------------------- -------------- Weighted Average Gross Coupon 4.029106% Weighted Average Net Coupon 3.653648% Weighted Average Pass-Through Rate 3.646618% Weighted Average Maturity (Stepdown Calculation) 338 Beginning Scheduled Collateral Loan Count 2,629 Number of Loans Paid in Full 52 Ending Scheduled Collateral Loan Count 2,577 Beginning Scheduled Collateral Balance 846,417,424.85 Ending Scheduled Collateral Balance 821,094,861.76 Ending Actual Collateral Balance at 31-Dec-2004 821,096,687.86 Monthly P&I Constant 2,875,777.03 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 27,775,215.68 Scheduled Principal 33,855.56 Unscheduled Principal 25,288,707.53
MISCELLANEOUS REPORTING Rapid Prepayment Condition? NO
GROUP GROUP ONE GROUP TWO GROUP THREE TOTAL - ------------------------------- ----------------- -------------- ----------------- -------------- Collateral Description 6 Month LIBOR ARM Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.080510 3.851966 4.065290 4.029106 Weighted Average Net Rate 3.705193 3.476647 3.689357 3.653648 Pass-Through Rate 3.698137 3.469109 3.682857 3.646618 Weighted Average Maturity 339 334 339 338 Record Date 12/31/2004 12/31/2004 12/31/2004 12/31/2004 Principal and Interest Constant 1,636,936.73 573,807.83 665,032.47 2.875,777.03 Beginning Loan Count 1,498 509 622 2,629 Loans Paid in Full 28 11 13 52 Ending Loan Count 1,470 498 609 2,577 Beginning Scheduled Balance 475,680,664.08 177,506,232.92 193,230,527.85 846,417,424.85 Ending Scheduled Balance 461,039,396.01 172,870,935.08 187,184,530.67 821,094,861.76 Scheduled Principal 19,420.34 4,017.80 10,417.42 33,855.56 Unscheduled Principal 14,621,847.73 4,631,280.04 6,035,579.76 25,288,707.53 Scheduled Interest 1,617,516.39 569,790.03 654,615.05 2,841,921.47 Servicing Fee 148,775.99 55,517.93 60,534.77 264,828.69 Master Servicing Fee 2,576.60 961.49 1,046.67 4,584.76 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 220.06 153.50 0.00 373.56 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 1,465,943.74 513,157.11 593,033.61 2,572,134.46 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 One Pro-Rata Senior Percent 95.334232% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Group Two Pro-Rata Senior Percent 95.354917% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Group Three Pro-Rata Senior Percent 95.405428% Senior Percent 100.000000% Senior Prepay Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepay Percent 0.000000% Interest Transfer Amount 0.00 Principal Transfer Amount 0.00
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