-----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, OhQg7Z/TdUNT2A0vIWHK8UVuv7E6l5kulk3ah5md1o7U91eptjWAUrfyE3P/rYDY amdKi7CFs7gh75X5GFIVgw== 0001056404-04-004096.txt : 20041202 0001056404-04-004096.hdr.sgml : 20041202 20041202083118 ACCESSION NUMBER: 0001056404-04-004096 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041202 DATE AS OF CHANGE: 20041202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET INVESTMENT LOAN TRUST 2004-6 CENTRAL INDEX KEY: 0001296377 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-115858-04 FILM NUMBER: 041178889 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 sai04006_nov.txt NOVEMBER 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): November 26, 2004 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-6 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115858-04 Pooling and Servicing Agreement) (Commission 54-2155162 (State or other File Number) 54-2155163 jurisdiction 54-2155164 of Incorporation) 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 November 26, 2004 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-6 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 2004-6 Trust, relating to the November 26, 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 2004-6 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: 11/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-6 Trust, relating to the November 26, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 SAIL Series: 2004-6 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 1-A1 86358EJP2 SEN 2.12250% 693,123,373.41 1,307,692.76 31,858,268.76 2-A1 86358EJQ0 SEN 2.06250% 422,786,364.19 775,108.33 40,923,547.17 2-A2 86358EJR8 SEN 2.16250% 194,145,000.00 373,189.83 0.00 A3 86358EJS6 SEN 3.50000% 524,839,000.00 1,530,780.42 0.00 A-SIO 86358EJT4 IO 0.00000% 0.00 0.00 0.00 M-1 86358EJU1 MEZ 2.53250% 121,831,000.00 274,255.12 0.00 M-2 86358EJV9 MEZ 3.23250% 63,816,000.00 183,364.64 0.00 M-3 86358EJW7 MEZ 3.43250% 23,206,000.00 70,804.08 0.00 M-4 86358EJX5 MEZ 3.58250% 18,565,000.00 59,119.21 0.00 M-5 86358EJY3 MEZ 3.68250% 18,565,000.00 60,769.43 0.00 M-6 86358EJZ0 MEZ 4.68250% 13,923,000.00 57,950.62 0.00 B 86358EKA3 SUB 4.68250% 11,603,000.00 48,294.26 0.00 X SAI04006X RES 0.00000% 11,602,849.30 7,356,436.52 0.00 P SAI04006P SEN 0.00000% 100.00 1,110,754.64 0.00 Totals 2,118,005,686.90 13,208,519.86 72,781,815.93
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 661,265,104.65 33,165,961.52 0.00 2-A1 0.00 381,862,817.02 41,698,655.50 0.00 2-A2 0.00 194,145,000.00 373,189.83 0.00 A3 0.00 524,839,000.00 1,530,780.42 0.00 A-SIO 0.00 0.00 0.00 0.00 M-1 0.00 121,831,000.00 274,255.12 0.00 M-2 0.00 63,816,000.00 183,364.64 0.00 M-3 0.00 23,206,000.00 70,804.08 0.00 M-4 0.00 18,565,000.00 59,119.21 0.00 M-5 0.00 18,565,000.00 60,769.43 0.00 M-6 0.00 13,923,000.00 57,950.62 0.00 B 0.00 11,603,000.00 48,294.26 0.00 X 0.00 11,602,849.30 7,356,436.52 0.00 P 0.00 100.00 1,110,754.64 0.00 Totals 0.00 2,045,223,870.97 85,990,335.79 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) 1-A1 785,962,000.00 693,123,373.41 0.00 31,858,268.76 0.00 0.00 2-A1 532,524,000.00 422,786,364.19 0.00 40,923,547.17 0.00 0.00 2-A2 194,145,000.00 194,145,000.00 0.00 0.00 0.00 0.00 A3 524,839,000.00 524,839,000.00 0.00 0.00 0.00 0.00 A-SIO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 121,831,000.00 121,831,000.00 0.00 0.00 0.00 0.00 M-2 63,816,000.00 63,816,000.00 0.00 0.00 0.00 0.00 M-3 23,206,000.00 23,206,000.00 0.00 0.00 0.00 0.00 M-4 18,565,000.00 18,565,000.00 0.00 0.00 0.00 0.00 M-5 18,565,000.00 18,565,000.00 0.00 0.00 0.00 0.00 M-6 13,923,000.00 13,923,000.00 0.00 0.00 0.00 0.00 B 11,603,000.00 11,603,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 2,308,979,100.00 2,106,402,837.60 0.00 72,781,815.93 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 1-A1 31,858,268.76 661,265,104.65 0.84134488 31,858,268.76 2-A1 40,923,547.17 381,862,817.02 0.71708095 40,923,547.17 2-A2 0.00 194,145,000.00 1.00000000 0.00 A3 0.00 524,839,000.00 1.00000000 0.00 A-SIO 0.00 0.00 0.00000000 0.00 M-1 0.00 121,831,000.00 1.00000000 0.00 M-2 0.00 63,816,000.00 1.00000000 0.00 M-3 0.00 23,206,000.00 1.00000000 0.00 M-4 0.00 18,565,000.00 1.00000000 0.00 M-5 0.00 18,565,000.00 1.00000000 0.00 M-6 0.00 13,923,000.00 1.00000000 0.00 B 0.00 11,603,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 72,781,815.93 2,033,621,021.67 0.88074466 72,781,815.93
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 785,962,000.00 881.87898831 0.00000000 40.53410821 0.00000000 2-A1 532,524,000.00 793.92922045 0.00000000 76.84826819 0.00000000 2-A2 194,145,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A3 524,839,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-SIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 121,831,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 63,816,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 23,206,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 18,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 18,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 13,923,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 11,603,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 11,602,149.53 1000.06031382 0.00000000 0.00000000 0.00000000 P 100.00 100.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes 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 1-A1 0.00000000 40.53410821 841.34488010 0.84134488 40.53410821 2-A1 0.00000000 76.84826819 717.08095226 0.71708095 76.84826819 2-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 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 1,000.06031382 1.00006031 0.00000000 P 0.00000000 0.00000000 100.00000000 1.00000000 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 1-A1 785,962,000.00 2.12250% 693,123,373.41 1,307,692.76 0.00 0.00 2-A1 532,524,000.00 2.06250% 422,786,364.19 775,108.33 0.00 0.00 2-A2 194,145,000.00 2.16250% 194,145,000.00 373,189.83 0.00 0.00 A3 524,839,000.00 3.50000% 524,839,000.00 1,530,780.42 0.00 0.00 A-SIO 0.00 0.00000% 2,191,613,304.12 0.00 0.00 0.00 M-1 121,831,000.00 2.53250% 121,831,000.00 274,255.12 0.00 0.00 M-2 63,816,000.00 3.23250% 63,816,000.00 183,364.64 0.00 0.00 M-3 23,206,000.00 3.43250% 23,206,000.00 70,804.08 0.00 0.00 M-4 18,565,000.00 3.58250% 18,565,000.00 59,119.21 0.00 0.00 M-5 18,565,000.00 3.68250% 18,565,000.00 60,769.43 0.00 0.00 M-6 13,923,000.00 4.68250% 13,923,000.00 57,950.62 0.00 0.00 B 11,603,000.00 4.68250% 11,603,000.00 48,294.26 0.00 0.00 X 11,602,149.53 0.00000% 2,118,005,686.90 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 2,320,581,249.53 4,741,328.70 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 1-A1 0.00 0.00 1,307,692.76 0.00 661,265,104.65 2-A1 0.00 0.00 775,108.33 0.00 381,862,817.02 2-A2 0.00 0.00 373,189.83 0.00 194,145,000.00 A3 0.00 0.00 1,530,780.42 0.00 524,839,000.00 A-SIO 0.00 0.00 0.00 0.00 2,118,005,686.90 M-1 0.00 0.00 274,255.12 0.00 121,831,000.00 M-2 0.00 0.00 183,364.64 0.00 63,816,000.00 M-3 0.00 0.00 70,804.08 0.00 23,206,000.00 M-4 0.00 0.00 59,119.21 0.00 18,565,000.00 M-5 0.00 0.00 60,769.43 0.00 18,565,000.00 M-6 0.00 0.00 57,950.62 0.00 13,923,000.00 B 0.00 0.00 48,294.26 0.00 11,603,000.00 X 0.00 0.00 7,356,436.52 0.00 2,045,223,870.97 P 0.00 0.00 1,110,754.64 0.00 100.00 Totals 0.00 0.00 13,208,519.86 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 1-A1 785,962,000.00 2.12250% 881.87898831 1.66381169 0.00000000 0.00000000 2-A1 532,524,000.00 2.06250% 793.92922045 1.45553690 0.00000000 0.00000000 2-A2 194,145,000.00 2.16250% 1000.00000000 1.92222221 0.00000000 0.00000000 A3 524,839,000.00 3.50000% 1000.00000000 2.91666667 0.00000000 0.00000000 A-SIO 0.00 0.00000% 944.42429231 0.00000000 0.00000000 0.00000000 M-1 121,831,000.00 2.53250% 1000.00000000 2.25111113 0.00000000 0.00000000 M-2 63,816,000.00 3.23250% 1000.00000000 2.87333333 0.00000000 0.00000000 M-3 23,206,000.00 3.43250% 1000.00000000 3.05111092 0.00000000 0.00000000 M-4 18,565,000.00 3.58250% 1000.00000000 3.18444438 0.00000000 0.00000000 M-5 18,565,000.00 3.68250% 1000.00000000 3.27333315 0.00000000 0.00000000 M-6 13,923,000.00 4.68250% 1000.00000000 4.16222222 0.00000000 0.00000000 B 11,603,000.00 4.68250% 1000.00000000 4.16222184 0.00000000 0.00000000 X 11,602,149.53 0.00000% 182552.86931300 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 100.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes 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 1-A1 0.00000000 0.00000000 1.66381169 0.00000000 841.34488010 2-A1 0.00000000 0.00000000 1.45553690 0.00000000 717.08095226 2-A2 0.00000000 0.00000000 1.92222221 0.00000000 1000.00000000 A3 0.00000000 0.00000000 2.91666667 0.00000000 1000.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 912.70481804 M-1 0.00000000 0.00000000 2.25111113 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.87333333 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.05111092 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.18444438 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.27333315 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.16222222 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.16222184 0.00000000 1000.00000000 X 0.00000000 0.00000000 634.05806838 0.00000000 176279.73727468 P 0.00000000 0.00000000 1110754.64000000 0.00000000 100.00000000 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage A3(1) 3.50000% 0.00 0.00 272,706,000.00 272,706,000.00 100.00000000% A3(2) 3.50000% 0.00 0.00 252,133,000.00 252,133,000.00 100.00000000% A-SIO(1) 0.00000% 0.00 1,112,933,736.12 0.00 0.00 92.30051255% A-SIO(2) 0.00000% 0.00 1,005,071,950.78 0.00 0.00 90.15640572%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 87,712,971.32 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 87,712,971.32 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,722,635.53 Payment of Interest and Principal 85,990,335.79 Total Withdrawals (Pool Distribution Amount) 87,712,971.32 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 824,458.82 Credit Risk Manager Fee 26,475.07 PMI Insurance Premium Fee 869,936.64 Wells Fargo Bank, N.A. 1,765.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,722,635.53
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 1,234,926.80 1,234,926.80 1,000.00 Financial Guaranty 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 20 0 0 20 2,617,253.13 0.00 0.00 2,617,253.13 30 Days 230 2 0 0 232 37,700,642.01 103,086.64 0.00 0.00 37,803,728.65 60 Days 97 3 2 0 102 16,661,726.58 510,607.75 277,036.00 0.00 17,449,370.33 90 Days 23 2 52 0 77 4,427,199.14 296,356.53 7,468,405.25 0.00 12,191,960.92 120 Days 1 2 21 1 25 107,250.00 250,913.92 3,347,780.27 65,954.34 3,771,898.53 150 Days 3 2 11 3 19 672,879.16 337,096.29 1,565,993.07 279,448.24 2,855,416.76 180+ Days 0 0 4 0 4 0.00 0.00 821,908.67 0.00 821,908.67 Totals 354 31 90 4 479 59,569,696.89 4,115,314.26 13,481,123.26 345,402.58 77,511,536.99 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 0.161473% 0.000000% 0.000000% 0.161473% 0.127876% 0.000000% 0.000000% 0.127876% 30 Days 1.856935% 0.016147% 0.000000% 0.000000% 1.873083% 1.842011% 0.005037% 0.000000% 0.000000% 1.847048% 60 Days 0.783142% 0.024221% 0.016147% 0.000000% 0.823510% 0.814073% 0.024948% 0.013536% 0.000000% 0.852557% 90 Days 0.185694% 0.016147% 0.419829% 0.000000% 0.621670% 0.216308% 0.014480% 0.364898% 0.000000% 0.595685% 120 Days 0.008074% 0.016147% 0.169546% 0.008074% 0.201841% 0.005240% 0.012259% 0.163569% 0.003222% 0.184291% 150 Days 0.024221% 0.016147% 0.088810% 0.024221% 0.153399% 0.032876% 0.016470% 0.076513% 0.013654% 0.139512% 180+ Days 0.000000% 0.000000% 0.032295% 0.000000% 0.032295% 0.000000% 0.000000% 0.040158% 0.000000% 0.040158% Totals 2.858066% 0.250283% 0.726627% 0.032295% 3.867269% 2.910508% 0.201070% 0.658672% 0.016876% 3.787126%
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 3 0 0 3 387,233.15 0.00 0.00 387,233.15 30 Days 25 1 0 0 26 3,310,329.19 75,382.32 0.00 0.00 3,385,711.51 60 Days 13 0 0 0 13 1,706,684.08 0.00 0.00 0.00 1,706,684.08 90 Days 0 0 3 0 3 0.00 0.00 433,752.63 0.00 433,752.63 120 Days 0 0 2 0 2 0.00 0.00 75,700.15 0.00 75,700.15 150 Days 0 0 0 1 1 0.00 0.00 0.00 15,396.08 15,396.08 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 38 4 5 1 48 5,017,013.27 462,615.47 509,452.78 15,396.08 6,004,477.60 0-29 Days 0.105448% 0.000000% 0.000000% 0.105448% 0.112073% 0.000000% 0.000000% 0.112073% 30 Days 0.878735% 0.035149% 0.000000% 0.000000% 0.913884% 0.958073% 0.021817% 0.000000% 0.000000% 0.979890% 60 Days 0.456942% 0.000000% 0.000000% 0.000000% 0.456942% 0.493947% 0.000000% 0.000000% 0.000000% 0.493947% 90 Days 0.000000% 0.000000% 0.105448% 0.000000% 0.105448% 0.000000% 0.000000% 0.125536% 0.000000% 0.125536% 120 Days 0.000000% 0.000000% 0.070299% 0.000000% 0.070299% 0.000000% 0.000000% 0.021909% 0.000000% 0.021909% 150 Days 0.000000% 0.000000% 0.000000% 0.035149% 0.035149% 0.000000% 0.000000% 0.000000% 0.004456% 0.004456% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.335677% 0.140598% 0.175747% 0.035149% 1.687170% 1.452021% 0.133890% 0.147445% 0.004456% 1.737812% 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 10 0 0 10 1,177,646.00 0.00 0.00 1,177,646.00 30 Days 111 1 0 0 112 17,215,463.16 27,704.32 0.00 0.00 17,243,167.48 60 Days 48 2 1 0 51 7,899,967.63 349,069.56 97,357.10 0.00 8,346,394.29 90 Days 9 2 24 0 35 1,522,290.71 296,356.53 2,819,488.15 0.00 4,638,135.39 120 Days 1 1 13 1 16 107,250.00 85,357.34 1,636,286.05 65,954.34 1,894,847.73 150 Days 2 0 4 2 8 360,879.16 0.00 505,209.28 264,052.16 1,130,140.60 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 171 16 42 3 232 27,105,850.66 1,936,133.75 5,058,340.58 330,006.50 34,430,331.49 0-29 Days 0.224517% 0.000000% 0.000000% 0.224517% 0.159936% 0.000000% 0.000000% 0.159936% 30 Days 2.492142% 0.022452% 0.000000% 0.000000% 2.514594% 2.338030% 0.003763% 0.000000% 0.000000% 2.341793% 60 Days 1.077683% 0.044903% 0.022452% 0.000000% 1.145038% 1.072894% 0.047407% 0.013222% 0.000000% 1.133523% 90 Days 0.202066% 0.044903% 0.538841% 0.000000% 0.785811% 0.206742% 0.040248% 0.382914% 0.000000% 0.629905% 120 Days 0.022452% 0.022452% 0.291872% 0.022452% 0.359228% 0.014566% 0.011592% 0.222224% 0.008957% 0.257339% 150 Days 0.044903% 0.000000% 0.089807% 0.044903% 0.179614% 0.049011% 0.000000% 0.068612% 0.035861% 0.153484% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.839246% 0.359228% 0.942973% 0.067355% 5.208801% 3.681243% 0.262946% 0.686973% 0.044818% 4.675980% 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 3 0 0 3 302,501.40 0.00 0.00 302,501.40 30 Days 9 0 0 0 9 728,413.75 0.00 0.00 0.00 728,413.75 60 Days 8 0 0 0 8 1,609,864.23 0.00 0.00 0.00 1,609,864.23 90 Days 1 0 3 0 4 169,733.03 0.00 410,099.80 0.00 579,832.83 120 Days 0 0 1 0 1 0.00 0.00 390,502.75 0.00 390,502.75 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 1 0 1 0.00 0.00 355,273.31 0.00 355,273.31 Totals 18 3 5 0 26 2,508,011.01 302,501.40 1,155,875.86 0.00 3,966,388.27 0-29 Days 0.193673% 0.000000% 0.000000% 0.193673% 0.135856% 0.000000% 0.000000% 0.135856% 30 Days 0.581020% 0.000000% 0.000000% 0.000000% 0.581020% 0.327136% 0.000000% 0.000000% 0.000000% 0.327136% 60 Days 0.516462% 0.000000% 0.000000% 0.000000% 0.516462% 0.723002% 0.000000% 0.000000% 0.000000% 0.723002% 90 Days 0.064558% 0.000000% 0.193673% 0.000000% 0.258231% 0.076228% 0.000000% 0.184179% 0.000000% 0.260407% 120 Days 0.000000% 0.000000% 0.064558% 0.000000% 0.064558% 0.000000% 0.000000% 0.175378% 0.000000% 0.175378% 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% 0.064558% 0.000000% 0.064558% 0.000000% 0.000000% 0.159556% 0.000000% 0.159556% Totals 1.162040% 0.193673% 0.322789% 0.000000% 1.678502% 1.126367% 0.135856% 0.519113% 0.000000% 1.781335% 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 4 0 0 4 749,872.58 0.00 0.00 749,872.58 30 Days 85 0 0 0 85 16,446,435.91 0.00 0.00 0.00 16,446,435.91 60 Days 28 1 1 0 30 5,445,210.64 161,538.19 179,678.90 0.00 5,786,427.73 90 Days 13 0 22 0 35 2,735,175.40 0.00 3,805,064.67 0.00 6,540,240.07 120 Days 0 1 5 0 6 0.00 165,556.58 1,245,291.32 0.00 1,410,847.90 150 Days 1 2 7 0 10 312,000.00 337,096.29 1,060,783.79 0.00 1,709,880.08 180 Days 0 0 3 0 3 0.00 0.00 466,635.36 0.00 466,635.36 Totals 127 8 38 0 173 24,938,821.95 1,414,063.64 6,757,454.04 0.00 33,110,339.63 0-29 Days 0.113058% 0.000000% 0.000000% 0.113058% 0.101033% 0.000000% 0.000000% 0.101033% 30 Days 2.402487% 0.000000% 0.000000% 0.000000% 2.402487% 2.215890% 0.000000% 0.000000% 0.000000% 2.215890% 60 Days 0.791408% 0.028265% 0.028265% 0.000000% 0.847937% 0.733654% 0.021765% 0.024209% 0.000000% 0.779627% 90 Days 0.367439% 0.000000% 0.621820% 0.000000% 0.989259% 0.368520% 0.000000% 0.512671% 0.000000% 0.881191% 120 Days 0.000000% 0.028265% 0.141323% 0.000000% 0.169587% 0.000000% 0.022306% 0.167783% 0.000000% 0.190089% 150 Days 0.028265% 0.056529% 0.197852% 0.000000% 0.282646% 0.042037% 0.045418% 0.142923% 0.000000% 0.230379% 180 Days 0.000000% 0.000000% 0.084794% 0.000000% 0.084794% 0.000000% 0.000000% 0.062872% 0.000000% 0.062872% Totals 3.589599% 0.226116% 1.074053% 0.000000% 4.889768% 3.360101% 0.190522% 0.910457% 0.000000% 4.461080%
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 7.130741% Weighted Average Net Coupon 6.663626% Weighted Average Pass-Through Rate 6.169746% Weighted Average Maturity (Stepdown Calculation) 347 Beginning Scheduled Collateral Loan Count 12,747 Number Of Loans Paid In Full 361 Ending Scheduled Collateral Loan Count 12,386 Beginning Scheduled Collateral Balance 2,118,005,686.90 Ending Scheduled Collateral Balance 2,045,223,870.97 Ending Actual Collateral Balance at 31-Oct-2004 2,046,711,199.81 Monthly P &I Constant 14,162,261.42 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 2,045,223,870.97 Scheduled Principal 1,576,470.53 Unscheduled Principal 71,205,345.40
Advances Not Reported Insurance claims paid $ 0.00
Miscellaneous Reporting Overcollateralization Amount 11,602,949.30 Overcollateralization Deficiency Amount 0.00 Target Overcollateralization Amount 11,602,949.30 Payment from Initial Cap Agreement 1,234,926.80 Payment from Class 2-A1 Cap Agreement 0.00
Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.170362 7.222041 7.232939 Weighted Average Net Rate 6.705115 6.755283 6.763357 Weighted Average Maturity 347 347 346 Beginning Loan Count 2,912 4,579 1,585 Loans Paid In Full 67 125 36 Ending Loan Count 2,845 4,454 1,549 Beginning Scheduled Balance 352,440,943.64 760,492,792.48 227,078,587.65 Ending scheduled Balance 345,242,269.11 735,833,198.25 222,468,127.09 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 2,448,210.08 5,075,934.62 1,593,493.54 Scheduled Principal 342,269.07 499,009.36 224,788.97 Unscheduled Principal 6,856,405.46 24,160,584.87 4,385,671.59 Scheduled Interest 2,105,941.01 4,576,925.26 1,368,704.57 Servicing Fees 136,643.50 295,805.02 88,860.02 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 90,915.35 278,793.11 82,542.40 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 1,878,382.16 4,002,327.13 1,197,302.15 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 6.395564 6.315369 6.327160
Group Level Collateral Statement Group 2(B) Total Collateral Description Fixed 15/30 & ARM Mixed & ARM & Balloon Weighted Average Coupon Rate 6.993715 7.130741 Weighted Average Net Rate 6.526128 6.663626 Weighted Average Maturity 346 347 Beginning Loan Count 3,671 12,747 Loans Paid In Full 133 361 Ending Loan Count 3,538 12,386 Beginning Scheduled Balance 777,993,363.13 2,118,005,686.90 Ending scheduled Balance 741,680,276.52 2,045,223,870.97 Record Date 10/31/2004 10/31/2004 Principal And Interest Constant 5,044,623.18 14,162,261.42 Scheduled Principal 510,403.13 1,576,470.53 Unscheduled Principal 35,802,683.48 71,205,345.40 Scheduled Interest 4,534,220.05 12,585,790.89 Servicing Fees 303,150.10 824,458.64 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 419,450.87 871,701.73 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 3,811,619.08 10,889,630.52 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.879154 6.169746
EX-99.2
theMurrayhillcompany SAIL 2004-6 Credit Risk Manager Report October 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 (c) 2004 The Murrayhill Company. All Rights Reserved. Section One Transaction Summary SAIL 2004-6 Transaction Summary October 2004 Transaction Summary Closing Date : 6/30/2004 Depositor: Structured Asset Securities Corporation Trustee: LaSalle Bank National Association Securities Administrator: Wells Fargo Bank, N.A. Master Servicer: Aurora Loan Services Master Servicing Aurora Loan Services, Chase Manhattan Mortgage Corp., Servicer(s): CitiMortgage , Ocwen Federal Bank, Option One , Wells Fargo Bank, N.A. Mortgage Insurer(s): Mortgage Guaranty Insurance Corporation and Radian Guaranty Inc. Delinquency Reporting Method: OTS1 Collateral Summary 9/30/2004 as a Percentage Closing Date 9/30/20042 of Closing Date Collateral Balance $ 2,319,830,599 $ 1,942,106,315 83.71% Loan Count 13,714 11,800 86.04% Collateral Statistics Loan Count Summed Balance Repurchases3 1 $ 219,540 First Payment Defaults 15 $ 2,836,305 Early Payment Defaults 4 111 $ 17,500,172 Multiple Loans to One Borrower 20 $ 2,561,084 Second Lien Statistics Loan Count Summed Balance Outstanding Second Lien Loans 856 $ 33,733,820 30 Days Delinquent 6 $ 214,745 60 Days Delinquent 4 $ 299,934 90+ Days Delinquent 1 $ 15,396 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 These figures are based upon information provided to Murrayhill by the servicers on a monthly basis. There will be 406 loans added from the pre-fund accounts between the time of securitization to September 10, 2004. 3 Refers to loans repurchased in the current month 4 A default that occurs on the second or third scheduled payment Delinquencies Murrayhill has noticed that delinquency counts have not reconciled between what the servicers are reporting and what is being reported on the remittance statement, particularly for foreclosure loans. We have requested a complete delinquency file from the master servicer that can be used to compare the delinquency counts reported to the securities administrator to those reported by each individual servicer. 10/25/2004 Remittance Delinquency Counts 30 60 90+ FC REO As reported on remittance 191 66 20 74 0 As reported by servicers 193 88 12 62 0 Difference -2 -22 8 12 0 (c) 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation of Prepayment Premiums for SAIL 2004-6 Mortgage Data Through: September 30, 2004 Section 1: Prepayment premiums collected by the servicers and remitted to the trustee. This information is reported to Murrayhill by the servicers each month. Trustee Remittance Date Servicers 25-Oct-04 25-Sep-04 25-Aug-04 25-Jul-04 TOTAL $1,010,818 $705,397 $511,929 $230,514 Section 2: Prepayment premiums remitted to the P Class by the trustee. This information is taken from the statement to Certificateholders prepared by the trustee. Trustee Remittance Date Class 25-Oct-04 25-Sep-04 25-Aug-04 25-Jul-04 P Class $1,010,818 $705,397 $553,856 $188,587 Section 3: Reconciliation of the amounts remitted by the servicer to the trustee, and the amount remitted to the P Class by the trustee. Amount remitted by $1,010,818 Amount remitted to the P $1,010,818 Difference: $0 Aggregate Paid-Off Loans Report for SAIL 2004-6 Mortgage Data Through: September 30, 2004 Trustee Remittance Date 25-Oct-04 25-Sep-04 25-Aug-04 25-Jul-04 Loans with Active Prepayment Flags with Premiums Remitted (A) 171 122 94 44 Loans without Prepayment Flags with Premiums Remitted 1 1 0 0 Total Loans with Premiums Remitted (B) 172 123 94 44 Loans with Active Prepayment Flags (C) 177 125 104 48 Loans without Prepayment Flags with Premiums Remitted 1 1 0 0 Subtotal (D) 178 126 104 48 Premiums Remitted for loans with Active Prepayment Flags (A/C) 96.6% 97.6% 90.4% 91.7% Total Loans with Premiums Remitted to the Subtotal (B/D) 96.6% 97.6% 90.4% 91.7% Total Paid-Off Loans (E) 351 263 236 110 Total Loans with Premiums Remitted to the Total Paid-Off Loans (B/E) 49.0% 46.8% 39.8% 40.0% Paid-Off Loans Exception Report for SAIL 2004-6 Mortgage Data Through: September 30, 2004 Total Paid-Off Loans with Flags 183 Less Exceptions: Loans with Expired Prepayment Clauses (as stated in the Note)* 1 Loans that Contained a Clause Allowing Prepayment Premiums to be Waived at the Time of Liquidation* 5 Loans that were Liquidated from REO Status* 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* 0 Loans that were Liquidated Through Loss Mitigation Efforts* 0 Loans that Liquidated Through Loss Mitigation Efforts* 0 Total Paid-Off Loans with Active Prepayment Flags (C) 177 Other Exceptions: Paid-Off Loans that Did Not have Premiums Collected because of State Statutes 0 Paid-Off Loans with Active Prepayment Flags that Have Not Remitted Premiums 6 * These categories are mutually exclusive. Paid-Off Loans With Prepayment Flags for SAIL 2004-6 Mortgage Data Through: September 30, 2004 Delinquency Origination PPP Loan Number String Date Flag Exp. Date 5210119 CCC0 2/24/2004 2 2/24/2006 5208667 CCC0 3/10/2004 2 3/10/2006 5208703 CC0 3/16/2004 2 3/16/2006 5207980 CCC0 3/30/2004 2 3/30/2006 5208135 CCC0 3/31/2004 2 3/31/2006 5210596 CCC0 1/30/2004 3 1/30/2007 5205748 CCC0 3/8/2004 0 3/8/2004 5200729 CCC0 12/29/2003 1 12/29/2004 5201919 CCC0 4/27/2004 1 4/27/2005 5209430 CC0 6/5/2003 2 6/5/2005 5199828 CCC0 11/14/2003 2 11/14/2005 5212190 CCC0 11/17/2003 2 11/17/2005 5201938 CCC0 11/19/2003 2 11/19/2005 5200196 CCC0 11/26/2003 2 11/26/2005 5208696 CCC0 11/26/2003 2 11/26/2005 5211380 CCC0 12/4/2003 2 12/4/2005 5201619 CCC0 12/4/2003 2 12/4/2005 5200894 C360 12/5/2003 2 12/5/2005 5200646 CCC0 12/9/2003 2 12/9/2005 5209421 CC0 12/10/2003 2 12/10/2005 5200746 CCC0 12/10/2003 2 12/10/2005 5200708 CCC0 12/12/2003 2 12/12/2005 5201001 CCC0 12/15/2003 2 12/15/2005 5200495 CCC0 12/15/2003 2 12/15/2005 5200806 CCC0 12/17/2003 2 12/17/2005 5209499 CCC0 12/19/2003 2 12/19/2005 5201591 CCC0 12/23/2003 2 12/23/2005 5201456 CCC0 12/23/2003 2 12/23/2005 5201272 CCC0 12/23/2003 2 12/23/2005 5200621 CCC0 12/24/2003 2 12/24/2005 5200678 CCC0 12/24/2003 2 12/24/2005 5201365 CCC0 12/29/2003 2 12/29/2005 5201138 CCC0 12/31/2003 2 12/31/2005 5200750 CCC0 12/31/2003 2 12/31/2005 5201401 CCC0 12/31/2003 2 12/31/2005 5208980 CCC0 1/6/2004 2 1/6/2006 5200685 CCC0 1/7/2004 2 1/7/2006 5201101 CCC0 1/9/2004 2 1/9/2006 5209487 CCC0 1/12/2004 2 1/12/2006 5206469 CCC0 1/30/2004 2 1/30/2006 5209350 CCC0 2/4/2004 2 2/4/2006 5206543 CCC0 2/6/2004 2 2/6/2006 5206052 CCC0 2/9/2004 2 2/9/2006 5206817 CCC0 2/9/2004 2 2/9/2006 5205137 CCC0 2/10/2004 2 2/10/2006 5205580 CCC0 2/12/2004 2 2/12/2006 5206493 CCC0 2/12/2004 2 2/12/2006 5205239 CCC0 2/13/2004 2 2/13/2006 5205343 CCC0 2/13/2004 2 2/13/2006 5205690 CCC0 2/17/2004 2 2/17/2006 5204652 CCC0 2/17/2004 2 2/17/2006 5203610 CCC0 2/18/2004 2 2/18/2006 5206624 CCC0 2/20/2004 2 2/20/2006 5205816 CCC0 2/20/2004 2 2/20/2006 5209878 CCC0 2/20/2004 2 2/20/2006 5205327 CCC0 2/20/2004 2 2/20/2006 5206583 CCC0 2/20/2004 2 2/20/2006 5209826 CCC0 2/23/2004 2 2/23/2006 5209879 CCC0 2/23/2004 2 2/23/2006 5209741 CCC0 2/25/2004 2 2/25/2006 5206126 CCC0 2/25/2004 2 2/25/2006 5204722 CCC0 2/25/2004 2 2/25/2006 5205568 CCC0 2/27/2004 2 2/27/2006 5206549 CCC0 2/27/2004 2 2/27/2006 5206781 CCC0 2/27/2004 2 2/27/2006 5204902 CCC0 3/2/2004 2 3/2/2006 5208242 CCC0 3/5/2004 2 3/5/2006 5208546 CCC0 3/5/2004 2 3/5/2006 5211567 CCC0 3/8/2004 2 3/8/2006 5208887 CCC0 3/9/2004 2 3/9/2006 5206292 CCC0 3/10/2004 2 3/10/2006 5205387 CCC0 3/11/2004 2 3/11/2006 5207915 CCC0 3/11/2004 2 3/11/2006 5206308 CCC0 3/12/2004 2 3/12/2006 5202374 CCC0 3/12/2004 2 3/12/2006 5208624 CCC0 3/15/2004 2 3/15/2006 5209837 CCC0 3/16/2004 2 3/16/2006 5204881 CCC0 3/16/2004 2 3/16/2006 5208202 CCC0 3/16/2004 2 3/16/2006 5208306 CCC0 3/16/2004 2 3/16/2006 5203023 CCC0 3/17/2004 2 3/17/2006 5205333 CCC0 3/17/2004 2 3/17/2006 5209214 CCC0 3/17/2004 2 3/17/2006 5209148 CCC0 3/17/2004 2 3/17/2006 5206207 CCC0 3/18/2004 2 3/18/2006 5208555 CCC0 3/18/2004 2 3/18/2006 5206420 CCC0 3/19/2004 2 3/19/2006 5208429 CCC0 3/19/2004 2 3/19/2006 5207187 CCC0 3/23/2004 2 3/23/2006 5207966 CCC0 3/23/2004 2 3/23/2006 5208331 CCC0 3/23/2004 2 3/23/2006 5208948 CCC0 3/23/2004 2 3/23/2006 5205267 CCC0 3/24/2004 2 3/24/2006 5205970 C360 3/24/2004 2 3/24/2006 5200897 CCC0 3/24/2004 2 3/24/2006 5207806 CCC0 3/24/2004 2 3/24/2006 5209120 CCC0 3/24/2004 2 3/24/2006 5208233 CCC0 3/24/2004 2 3/24/2006 5208716 CC30 3/24/2004 2 3/24/2006 5208206 CCC0 3/24/2004 2 3/24/2006 5209835 CCC0 3/25/2004 2 3/25/2006 5205829 CCC0 3/25/2004 2 3/25/2006 5208908 CCC0 3/25/2004 2 3/25/2006 5208218 CCC0 3/25/2004 2 3/25/2006 5208780 CCC0 3/25/2004 2 3/25/2006 5208891 CC30 3/25/2004 2 3/25/2006 5209093 CCC0 3/25/2004 2 3/25/2006 5208241 CCC0 3/26/2004 2 3/26/2006 5207876 CCC0 3/26/2004 2 3/26/2006 5204697 CCC0 3/29/2004 2 3/29/2006 5202839 CCC0 3/29/2004 2 3/29/2006 5202311 CCC0 3/29/2004 2 3/29/2006 5208342 CCC0 3/29/2004 2 3/29/2006 5208544 CCC0 3/29/2004 2 3/29/2006 5209353 CCC0 3/29/2004 2 3/29/2006 5205183 CCC0 3/30/2004 2 3/30/2006 5205973 CCC0 3/30/2004 2 3/30/2006 5208531 3C0 3/30/2004 2 3/30/2006 5208335 CCC0 3/30/2004 2 3/30/2006 5208574 CCC0 3/30/2004 2 3/30/2006 5208048 CCC0 3/30/2004 2 3/30/2006 5208731 CCC0 3/31/2004 2 3/31/2006 5208140 CCC0 3/31/2004 2 3/31/2006 5200470 CCC0 4/7/2004 2 4/7/2006 5201384 CCC0 4/13/2004 2 4/13/2006 5200984 CCC0 4/21/2004 2 4/21/2006 5200537 CCC0 4/27/2004 2 4/27/2006 5208592 CCC0 9/4/2003 3 9/4/2006 5207490 CCC0 9/9/2003 3 9/9/2006 5211754 CCC0 9/24/2003 3 9/24/2006 5209422 CC0 10/1/2003 3 10/1/2006 5210723 CCC0 12/5/2003 3 12/5/2006 5204023 CCC0 1/6/2004 3 1/6/2007 5205013 CCC0 1/29/2004 3 1/29/2007 5204865 CCC0 1/30/2004 3 1/30/2007 5205905 CCC0 2/6/2004 3 2/6/2007 5204805 CCC0 2/9/2004 3 2/9/2007 5212493 CCC0 2/17/2004 3 2/17/2007 5205476 CCC0 2/20/2004 3 2/20/2007 5203635 CCC0 2/24/2004 3 2/24/2007 5203378 CCC0 2/25/2004 3 2/25/2007 5203934 CCC0 2/25/2004 3 2/25/2007 5204084 CCC0 2/27/2004 3 2/27/2007 5203964 CCC0 2/27/2004 3 2/27/2007 5207400 CCC0 3/8/2004 3 3/8/2007 5203475 CCC0 3/9/2004 3 3/9/2007 5206197 CCC0 3/10/2004 3 3/10/2007 5209345 CCC0 3/12/2004 3 3/12/2007 5203390 CCC0 3/16/2004 3 3/16/2007 5203750 CCC0 3/16/2004 3 3/16/2007 5207917 CCC0 3/16/2004 3 3/16/2007 5204138 CCC0 3/17/2004 3 3/17/2007 5204208 CCC0 3/17/2004 3 3/17/2007 5207579 CCC0 3/17/2004 3 3/17/2007 5208811 CCC0 3/17/2004 3 3/17/2007 5207586 CCC0 3/17/2004 3 3/17/2007 5204983 CCC0 3/22/2004 3 3/22/2007 5200068 CCC0 3/22/2004 3 3/22/2007 5207403 CCC0 3/22/2004 3 3/22/2007 5202969 CCC0 3/23/2004 3 3/23/2007 5208314 CCC0 3/23/2004 3 3/23/2007 5209327 CCC0 3/23/2004 3 3/23/2007 5208656 CCC0 3/24/2004 3 3/24/2007 5203493 CCC0 3/25/2004 3 3/25/2007 5202986 CCC0 3/26/2004 3 3/26/2007 5204282 CCC0 3/26/2004 3 3/26/2007 5207565 CCC0 3/26/2004 3 3/26/2007 5208391 CC30 3/26/2004 3 3/26/2007 5203367 CCC0 3/29/2004 3 3/29/2007 5203803 CCC0 3/30/2004 3 3/30/2007 5203505 CCC0 3/30/2004 3 3/30/2007 5204356 CCC0 3/31/2004 3 3/31/2007 5207570 CCC0 3/31/2004 3 3/31/2007 5208424 CC30 3/31/2004 3 3/31/2007 5200163 CCC0 4/28/2004 3 4/28/2007 5199932 CCC0 4/29/2004 3 4/29/2007 5210716 CCC0 11/24/2003 5 11/24/2008 Paid-Off Loans With Prepayment Flags for SAIL 2004-6 Mortgage Data Through: September 30, 2004 (Cont.) % of Premium to No Premium PPP Payoff PPP Payoff Collected, w/ Collected, Comments Loan Number Balance Remitted Balance Flag No Flag 5210119 5208667 $ 226,199 $ - 0% 5210119 Awaiting servicer's response 5208703 $ 227,200 $ - 0% 5208667 Awaiting servicer's response 5207980 $ 191,346 $ - 0% 5208703 Awaiting servicer's response 5208135 $ 349,160 $ - 0% 5207980 Awaiting servicer's response 5210596 $ 398,937 $ - 0% 5208135 Awaiting servicer's response 5205748 $ 56,795 $ - 0% 5210596 Awaiting servicer's response 5200729 $ 125,282 $ 2,088 2% 5205748 5201919 $ 213,208 $ 4,264 2% 5209430 $ 239,207 $ 4,784 2% 5199828 $ 117,562 $ 3,164 3% 5212190 $ 596,697 $ 19,027 3% 5201938 $ 431,870 $ 11,424 3% 5200196 $ 143,143 $ 4,341 3% 5208696 $ 254,283 $ 7,707 3% 5211380 $ 304,000 $ 8,390 3% 5201619 $ 262,203 $ 5,244 2% 5200894 $ 123,532 $ 2,471 2% 5200646 $ 99,621 $ 995 1% 5209421 $ 190,776 $ 5,524 3% 5200746 $ 296,334 $ 8,890 3% 5200708 $ 163,889 $ 5,763 4% 5201001 $ 288,010 $ 10,994 4% 5200495 $ 262,458 $ 7,338 3% 5200806 $ 129,376 $ 2,588 2% 5209499 $ 223,075 $ 6,728 3% 5201591 $ 91,591 $ 3,835 4% 5201456 $ 398,196 $ 13,194 3% 5201272 $ 215,524 $ 4,310 2% 5200621 $ 117,808 $ 3,290 3% 5200678 $ 241,240 $ 8,380 3% 5201365 $ 141,459 $ 4,694 3% 5201138 $ 231,351 $ 6,329 3% 5200750 $ 262,680 $ 8,140 3% 5201401 $ 312,905 $ 7,998 3% 5208980 $ 163,951 $ 2,828 2% 5200685 $ 352,000 $ 9,293 3% 5201101 $ 556,798 $ 17,347 3% 5209487 $ 184,319 $ 5,744 3% 5206469 $ 138,217 $ 1,469 1% 5209350 $ 279,046 $ 8,911 3% 5206543 $ 195,719 $ 6,650 3% 5206052 $ 203,245 $ 6,904 3% 5206817 $ 143,295 $ 4,065 3% 5205137 $ 182,500 $ 5,037 3% 5205580 $ 86,712 $ 1,734 2% 5206493 $ 164,244 $ 4,265 3% 5205239 $ 274,166 $ 8,217 3% 5205343 $ 93,064 $ 2,919 3% 5205690 $ 294,206 $ 7,038 2% 5204652 $ 147,531 $ 1,367 1% 5203610 $ 198,895 $ 4,370 2% 5206624 $ 44,907 $ 1,838 4% 5205816 $ 113,540 $ 3,471 3% 5209878 $ 159,872 $ 4,310 3% 5205327 $ 174,706 $ 4,572 3% 5206583 $ 197,086 $ 5,079 3% 5209826 $ 303,176 $ 9,754 3% 5209879 $ 88,939 $ 2,797 3% 5209741 $ 172,802 $ 4,411 3% 5206126 $ 93,223 $ 3,231 3% 5204722 $ 278,516 $ 3,245 1% 5205568 $ 158,505 $ 4,275 3% 5206549 $ 213,750 $ 5,976 3% 5206781 $ 278,999 $ 8,641 3% 5204902 $ 316,540 $ 8,925 3% 5208242 $ 188,185 $ 5,113 3% 5208546 $ 219,190 $ 5,650 3% 5211567 $ 224,395 $ 6,055 3% 5208887 $ 308,486 $ 8,021 3% 5206292 $ 212,903 $ 6,680 3% 5205387 $ 122,977 $ 4,420 4% 5207915 $ 271,100 $ 7,584 3% 5206308 $ 230,960 $ 6,090 3% 5202374 $ 231,711 $ 6,359 3% 5208624 $ 69,825 $ 2,649 4% 5209837 $ 263,800 $ 5,544 2% 5204881 $ 81,642 $ 2,411 3% 5208202 $ 237,251 $ 6,875 3% 5208306 $ 164,375 $ 5,023 3% 5203023 $ 269,105 $ 7,518 3% 5205333 $ 231,860 $ 5,791 2% 5209214 $ 277,809 $ 7,604 3% 5209148 $ 332,000 $ 8,234 2% 5206207 $ 292,000 $ 8,293 3% 5208555 $ 327,390 $ 8,841 3% 5206420 $ 382,587 $ 9,862 3% 5208429 $ 116,064 $ 2,321 2% 5207187 $ 194,433 $ 5,945 3% 5207966 $ 213,455 $ 5,845 3% 5208331 $ 248,029 $ 6,096 2% 5208948 $ 250,000 $ 6,450 3% 5205267 $ 313,243 $ 8,749 3% 5205970 $ 74,528 $ 2,612 4% 5200897 $ 83,962 $ 3,325 4% 5207806 $ 106,237 $ 2,970 3% 5209120 $ 161,058 $ 48 0% 5208233 $ 114,463 $ 2,815 2% 5208716 $ 119,587 $ 3,250 3% 5208206 $ 131,839 $ 4,481 3% 5209835 $ 213,618 $ 6,823 3% 5205829 $ 130,517 $ 1,310 1% 5208908 $ 70,261 $ 2,275 3% 5208218 $ 159,620 $ 1,596 1% 5208780 $ 169,475 $ 4,979 3% 5208891 $ 207,120 $ 5,256 3% 5209093 $ 276,000 $ 7,342 3% 5208241 $ 460,000 $ 11,960 3% 5207876 $ 152,319 $ 4,414 3% 5204697 $ 313,922 $ 8,563 3% 5202839 $ 180,348 $ 4,767 3% 5202311 $ 500,000 $ 9,188 2% 5208342 $ 146,832 $ 1,468 1% 5208544 $ 177,319 $ 4,429 2% 5209353 $ 169,562 $ 5,592 3% 5205183 $ 255,469 $ 6,115 2% 5205973 $ 127,573 $ 1,146 1% 5208531 $ 165,151 $ 4,614 3% 5208335 $ 118,759 $ 3,798 3% 5208574 $ 149,464 $ 4,629 3% 5208048 $ 207,389 $ 6,300 3% 5208731 $ 398,873 $ 10,361 3% 5208140 $ 259,914 $ 7,532 3% 5200470 $ 393,793 $ 11,647 3% 5201384 $ 219,360 $ 6,185 3% 5200984 $ 100,581 $ 2,012 2% 5200537 $ 131,798 $ 1,318 1% 5208592 $ 281,748 $ 2,296 1% 5207490 $ 155,750 $ 1,562 1% 5211754 $ 265,334 $ 7,094 3% 5209422 $ 384,813 $ 13,834 4% 5210723 $ 62,623 $ 2,724 4% 5204023 $ 191,907 $ 5,486 3% 5205013 $ 87,168 $ 3,478 4% 5204865 $ 289,335 $ 8,955 3% 5205905 $ 71,848 $ 1,437 2% 5204805 $ 98,175 $ 982 1% 5212493 $ 119,892 $ 3,113 3% 5205476 $ 372,291 $ 9,668 3% 5203635 $ 327,750 $ 9,374 3% 5203378 $ 169,038 $ 4,287 3% 5203934 $ 39,529 $ 1,578 4% 5204084 $ 438,381 $ 12,177 3% 5203964 $ 78,803 $ 3,302 4% 5207400 $ 180,119 $ 5,391 3% 5203475 $ 421,229 $ 11,685 3% 5206197 $ 313,111 $ 9,073 3% 5209345 $ 84,496 $ 1,873 2% 5203390 $ 388,746 $ 12,839 3% 5203750 $ 21,641 $ 864 4% 5207917 $ 149,392 $ 4,175 3% 5204138 $ 87,200 $ 2,180 3% 5204208 $ 72,511 $ 2,896 4% 5207579 $ 82,513 $ 3,048 4% 5208811 $ 107,314 $ 2,573 2% 5207586 $ 210,691 $ 5,262 2% 5204983 $ 340,625 $ 8,153 2% 5200068 $ 181,131 $ 5,786 3% 5207403 $ 161,558 $ 4,198 3% 5202969 $ 251,787 $ 6,542 3% 5208314 $ 45,779 $ 2,289 5% 5209327 $ 388,796 $ 9,316 2% 5208656 $ 321,938 $ 11,250 3% 5203493 $ 264,321 $ 7,384 3% 5202986 $ 76,939 $ 1,842 2% 5204282 $ 50,693 $ 2,535 5% 5207565 $ 607,794 $ 16,983 3% 5208391 $ 129,459 $ 3,885 3% 5203367 $ 373,322 $ 9,702 3% 5203803 $ 45,158 $ 1,804 4% 5203505 $ 61,294 $ 1,690 3% 5204356 $ 99,532 $ 3,876 4% 5207570 $ 252,740 $ 4,739 2% 5208424 $ 202,477 $ 5,657 3% 5200163 $ 311,700 $ 7,726 2% 5199932 $ 134,583 $ 1,966 1% 5210716 $ 65,421 $ 1,700 3% $ 183,542 $ 6,072 3% (c) 2004 The Murrayhill Company. All Rights Reserved. Section Three Analytics SAIL 2004-6 FICO Distribution by Mortgage Data Through: September 30, FICO Delinquency Percentage 480 Delinquent 0.003 490 Current 0 500 Current 0.01 500 Delinquent 0.043 500 Paid Off 0.013 510 Current 0.026 510 Delinquent 0.094 510 Paid Off 0.022 520 Current 0.031 520 Delinquent 0.054 520 Paid Off 0.028 530 Current 0.033 530 Delinquent 0.077 530 Paid Off 0.032 540 Current 0.034 540 Delinquent 0.071 540 Paid Off 0.037 550 Current 0.038 550 Delinquent 0.057 550 Paid Off 0.031 560 Current 0.037 560 Delinquent 0.057 560 Paid Off 0.03 570 Current 0.036 570 Delinquent 0.043 570 Paid Off 0.034 580 Current 0.035 580 Delinquent 0.051 580 Paid Off 0.045 590 Current 0.037 590 Delinquent 0.043 590 Paid Off 0.039 600 Current 0.044 600 Delinquent 0.048 600 Paid Off 0.031 610 Current 0.052 610 Delinquent 0.051 610 Paid Off 0.042 620 Current 0.057 620 Delinquent 0.066 620 Paid Off 0.053 630 Current 0.058 630 Delinquent 0.043 630 Paid Off 0.062 640 Current 0.059 640 Delinquent 0.068 640 Paid Off 0.046 650 Current 0.058 650 Delinquent 0.026 650 Paid Off 0.06 660 Current 0.05 660 Delinquent 0.014 660 Paid Off 0.044 670 Current 0.049 670 Delinquent 0.017 670 Paid Off 0.036 680 Current 0.039 680 Delinquent 0.023 680 Paid Off 0.048 690 Current 0.038 690 Delinquent 0.006 690 Paid Off 0.054 700 Current 0.031 700 Delinquent 0.009 700 Paid Off 0.036 710 Current 0.028 710 Delinquent 0.014 710 Paid Off 0.036 720 Current 0.024 720 Paid Off 0.019 730 Current 0.021 730 Delinquent 0.003 730 Paid Off 0.031 740 Current 0.018 740 Delinquent 0.006 740 Paid Off 0.027 750 Current 0.016 750 Delinquent 0.009 750 Paid Off 0.021 760 Current 0.014 760 Paid Off 0.024 770 Current 0.011 770 Paid Off 0.006 780 Current 0.007 780 Paid Off 0.005 790 Current 0.005 790 Delinquent 0.006 790 Paid Off 0.005 800 Current 0.002 800 Paid Off 0.002 810 Current 0.001 820 Current 0 Status # of Loans Average Std. Deviation Current 11,449 628 71.286 Delinquent 351 582 59.455 Paid Off 955 634 70.24 Total: 12,755 SAIL 2004-6 Loan-to-Value Distribution by Status Mortgage Data Through: September 30, 2004 LTV Delinquency Percentage 0 Current 0 0 Paid Off 0.002 0.1 Paid Off 0.053 0.1 Current 0.033 0.2 Current 0.083 0.2 Delinquent 0.034 0.2 Paid Off 0.094 0.3 Paid Off 0.007 0.3 Current 0.005 0.4 Paid Off 0.014 0.4 Delinquent 0.023 0.4 Current 0.01 0.5 Delinquent 0.031 0.5 Current 0.025 0.5 Paid Off 0.025 0.6 Current 0.05 0.6 Delinquent 0.031 0.6 Paid Off 0.044 0.7 Paid Off 0.117 0.7 Current 0.106 0.7 Delinquent 0.14 0.8 Delinquent 0.362 0.8 Paid Off 0.353 0.8 Current 0.345 0.9 Paid Off 0.206 0.9 Delinquent 0.256 0.9 Current 0.238 1 Delinquent 0.123 1 Paid Off 0.083 1 Current 0.104 Status # of Loans Average Std. Deviation Current 11,449 1.456 0.47 Delinquent 351 1.557 0.324 Paid Off 955 1.393 0.51 Total: 12,755 SAIL 2004-6 Balance Distribution by Status Mortgage Data Through: September 30, 2004 Balance Delinquency Percentage 0 Current 0 10000 Current 0.009 20000 Current 0.027 20000 Delinquent 0.011 30000 Current 0.033 30000 Delinquent 0.009 40000 Current 0.028 40000 Delinquent 0.04 50000 Current 0.041 50000 Delinquent 0.051 60000 Current 0.041 60000 Delinquent 0.063 70000 Current 0.041 70000 Delinquent 0.071 80000 Current 0.045 80000 Delinquent 0.046 90000 Current 0.039 90000 Delinquent 0.057 100000 Current 0.042 100000 Delinquent 0.031 110000 Current 0.045 110000 Delinquent 0.054 120000 Current 0.044 120000 Delinquent 0.04 130000 Current 0.039 130000 Delinquent 0.031 140000 Current 0.041 140000 Delinquent 0.026 150000 Current 0.041 150000 Delinquent 0.026 160000 Current 0.038 160000 Delinquent 0.037 170000 Current 0.033 170000 Delinquent 0.046 180000 Current 0.034 180000 Delinquent 0.02 190000 Current 0.03 190000 Delinquent 0.026 200000 Current 0.027 200000 Delinquent 0.037 210000 Current 0.025 210000 Delinquent 0.026 220000 Current 0.022 220000 Delinquent 0.014 230000 Current 0.017 230000 Delinquent 0.014 240000 Current 0.018 240000 Delinquent 0.026 250000 Current 0.017 250000 Delinquent 0.023 260000 Current 0.017 260000 Delinquent 0.023 270000 Current 0.015 270000 Delinquent 0.006 280000 Current 0.011 280000 Delinquent 0.011 290000 Current 0.012 290000 Delinquent 0.011 300000 Current 0.013 300000 Delinquent 0.011 310000 Current 0.009 310000 Delinquent 0.009 320000 Current 0.01 320000 Delinquent 0.011 330000 Current 0.01 330000 Delinquent 0.003 340000 Current 0.008 340000 Delinquent 0.006 350000 Current 0.007 350000 Delinquent 0.017 360000 Current 0.007 360000 Delinquent 0.011 370000 Current 0.006 370000 Delinquent 0.003 380000 Current 0.005 380000 Delinquent 0.009 390000 Current 0.006 390000 Delinquent 0.003 400000 Current 0.006 400000 Delinquent 0.009 410000 Current 0.004 420000 Current 0.005 430000 Current 0.004 430000 Delinquent 0.009 440000 Current 0.003 440000 Delinquent 0.003 450000 Current 0.005 450000 Delinquent 0.003 460000 Current 0.002 470000 Current 0.002 480000 Current 0.002 490000 Current 0.001 490000 Delinquent 0.006 500000 Current 0.003 500000 Delinquent 0.006 510000 Current 0.001 520000 Current 0.001 530000 Current 0.001 540000 Current 0.001 550000 Current 0.001 550000 Delinquent 0.003 560000 Current 0.001 570000 Current 0.001 580000 Current 0.001 590000 Current 0.001 590000 Delinquent 0.003 600000 Current 0.001 600000 Delinquent 0.003 610000 Current 0 620000 Current 0 630000 Current 0 640000 Current 0 650000 Current 0.001 670000 Current 0 690000 Current 0 700000 Current 0 720000 Current 0 730000 Current 0 740000 Current 0 750000 Current 0 760000 Current 0 770000 Current 0 780000 Current 0 800000 Current 0 810000 Current 0 900000 Current 0 920000 Current 0 950000 Current 0 Status # of Loans AverageStd. Deviation Current 11,449 164,641.49 112,131.09 Delinquent 351 1 62,751.82 109,766.82 Total: 11,800 SAIL 2004-6 Mortgage Type Distribution by Status Mortgage Data Through: September 30, 2004 Mortgage Type Delinquency Percentage Investment Home Current 0.167 Investment Home Delinquent 0.123 Investment Home Paid Off 0.223 Primary Home Current 0.819 Primary Home Delinquent 0.872 Primary Home Paid Off 0.764 Second Home Current 0.013 Second Home Delinquent 0.006 Second Home Paid Off 0.013 Mortgage Type Loan Count Total Balance Avg. Balance Std. Deviation ARM 8,847 1,500,555,493.79 169,611.79 115,556.02 Fixed 3,908 441,770,361.58 113,042.57 107,649.02 Total: 12,755 1,942,325,855.37 SAIL 2004-6 Mortgage Term Distribution by Status Mortgage Data Through: September 30, 2004 Mortgage Term Delinquency Percentage 0 Current 0 120 Current 0.001 180 Current 0.083 180 Delinquent 0.011 180 Paid Off 0.097 240 Paid Off 0.037 240 Delinquent 0.028 240 Current 0.037 300 Current 0 360 Current 0.88 360 Delinquent 0.96 360 Paid Off 0.866 # of Loans Other 120 180 240 300 360 12,755 1 8 1,042 466 1 11,237 SAIL 2004-6 Mortgage Purpose Distribution Mortgage Data Through: September 30, 2004 Origination Statistics Current Loans Number of Loans: 13,714 Number of Loans: 11,449 Purpose Number Percentage Purpose Number Percentage Cash-out refinance 6,846 49.9% Cash-out refinance 5,825 50.9% Purchase 5,522 40.3% Purchase 4,608 40.2% Rate/term 1,290 9.4% Rate/term 968 8.5% Home 38 0.3% Home 34 0.3% Other 18 0.1% Other 14 0.1% Total 13,714 100% Total 11,449 100% Delinquent Loans Paid Off Loans Number of Loans: 351 Number of Loans: 955 Purpose Number Percentage Purpose Number Percentage Cash-out refinance 174 49.6% Cash-out refinance 490 51.3% Purchase 136 38.7% Purchase 384 40.2% Rate/term 36 10.3% Rate/term 78 8.2% Home 2 0.6% Home 2 0.2% Other 3 0.9% Other 1 0.1% Total 351 100% Total 955 100% SAIL 2004-6 Ownership Distribution by Status Mortgage Data Through: September 30, 2004 Ownership Type Delinquency Percentage Investment Home Current 0.167 Investment Home Delinquent 0.123 Investment Home Paid Off 0.223 Primary Home Current 0.819 Primary Home Delinquent 0.872 Primary Home Paid Off 0.764 Second Home Current 0.013 Second Home Delinquent 0.006 Second Home Paid Off 0.013 Title # of Loans Investment Home 2,169 Primary Home 10,418 Second Home 168 Total: 12,755 SAIL 2004-6 Delinquent Count Over Time Mortgage Data Through: September 30, 2004 Total Count in Status AsOfDate 30 Days 60 Days 90 Days Foreclosure REO 6/30/2004 71 11 1 5 0 7/31/2004 170 38 9 11 0 8/31/2004 170 71 23 30 0 9/30/2004 191 66 20 74 0 SAIL 2004-6 Delinquent Balance Over Time Mortgage Data Through: September 30, 2004 Total Balance in Status AsOfDate 30 Days 60 Days 90 Days Foreclosure REO 6/30/2004 $11,480,702 $1,660,126 $256,328 $975,328 - 7/31/2004 $27,652,482 $5,907,479 $1,646,620 $1,666,537 - 8/31/2004 $28,618,831 $11,252,515 $3,823,981 $4,522,691 - 9/30/2004 $31,961,146 $11,153,080 $3,173,709 $10,837,953 - SAIL 2004-6 Conditional Prepayment Rates Mortgage Data Through: September 30, 2004 Date 1 Distribution Date CPR 3-Month MA 6-Month MA 12-Month MA 30-Sep-04 25-Oct-04 33.06% 27.86% 31-Aug-04 25-Sep-04 25.74% 31-Jul-04 25-Aug-04 24.46% 30-Jun-04 25-Jul-04 42.31% 1 Data in table is displayed for only the most recent 18 months. SAIL 2004-6 Historical SDA Performance Mortgage Data Through: September 30, 2004 Weighted Monthly Date Average Age Default Amt Default Rate CDR (F-R) SDA Curve SDA % 30-Sep-04 6.12 $0 0.00% 0.00% 0.12% 0% 31-Aug-04 5.22 $0 0.00% 0.00% 0.10% 0% 31-Jul-04 4.32 $0 0.00% 0.00% 0.09% 0% 30-Jun-04 3.34 $0 0.00% 0.00% 0.07% 0% Averages: 4.75 $0 0.00% 0.00% 0.10% 0% (c) 2004 The Murrayhill Company. All Rights Reserved.
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