-----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, HygMFEDkQhCn4ie4ja2RA8EFBdRm+T5NU7twiZ3YOwA4AAz3PIIvTSZWp64yd7Qx 7sHppiNoWZNmmvcxhCRhjg== 0001056404-04-004580.txt : 20041230 0001056404-04-004580.hdr.sgml : 20041230 20041230093752 ACCESSION NUMBER: 0001056404-04-004580 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041227 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041230 DATE AS OF CHANGE: 20041230 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: 041232540 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_dec.txt DECEMBER 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): December 27, 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 54-2155162 Pooling and Servicing Agreement) (Commission 54-2155163 (State or other File Number) 54-2155164 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 December 27, 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 December 27, 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: 12/27/2004 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 December 27, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates 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 2.37000% 661,265,104.65 1,349,531.87 43,194,033.21 2-A1 86358EJQ0 SEN 2.31000% 381,862,817.02 759,588.79 41,594,369.64 2-A2 86358EJR8 SEN 2.41000% 194,145,000.00 402,904.80 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 2.78000% 121,831,000.00 291,649.88 0.00 M-2 86358EJV9 MEZ 3.48000% 63,816,000.00 191,235.28 0.00 M-3 86358EJW7 MEZ 3.68000% 23,206,000.00 73,537.24 0.00 M-4 86358EJX5 MEZ 3.83000% 18,565,000.00 61,228.40 0.00 M-5 86358EJY3 MEZ 3.93000% 18,565,000.00 62,827.05 0.00 M-6 86358EJZ0 MEZ 4.93000% 13,923,000.00 59,107.00 0.00 B 86358EKA3 SUB 4.93000% 11,603,000.00 49,257.96 0.00 X SAI04006X RES 0.00000% 11,602,849.30 7,102,453.29 0.00 P SAI04006P SEN 0.00000% 100.00 1,200,179.62 0.00 Totals 2,045,223,870.97 13,134,281.60 84,788,402.85
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 618,071,071.44 44,543,565.08 0.00 2-A1 0.00 340,268,447.38 42,353,958.43 0.00 2-A2 0.00 194,145,000.00 402,904.80 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 0.00 121,831,000.00 291,649.88 0.00 M-2 0.00 63,816,000.00 191,235.28 0.00 M-3 0.00 23,206,000.00 73,537.24 0.00 M-4 0.00 18,565,000.00 61,228.40 0.00 M-5 0.00 18,565,000.00 62,827.05 0.00 M-6 0.00 13,923,000.00 59,107.00 0.00 B 0.00 11,603,000.00 49,257.96 0.00 X 0.00 11,602,849.30 7,102,453.29 0.00 P 0.00 100.00 1,200,179.62 0.00 Totals 0.00 1,960,435,468.12 97,922,684.45 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 785,962,000.00 661,265,104.65 0.00 43,194,033.21 0.00 0.00 2-A1 532,524,000.00 381,862,817.02 0.00 41,594,369.64 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 2,033,621,021.67 0.00 84,788,402.85 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 43,194,033.21 618,071,071.44 0.78638798 43,194,033.21 2-A1 41,594,369.64 340,268,447.38 0.63897298 41,594,369.64 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 84,788,402.85 1,948,832,618.82 0.84402350 84,788,402.85
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 785,962,000.00 841.34488010 0.00000000 54.95689767 0.00000000 2-A1 532,524,000.00 717.08095226 0.00000000 78.10797192 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 54.95689767 786.38798242 0.78638798 54.95689767 2-A1 0.00000000 78.10797192 638.97298034 0.63897298 78.10797192 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 2.37000% 661,265,104.65 1,349,531.87 0.00 0.00 2-A1 532,524,000.00 2.31000% 381,862,817.02 759,588.79 0.00 0.00 2-A2 194,145,000.00 2.41000% 194,145,000.00 402,904.80 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% 2,118,005,686.90 0.00 0.00 0.00 M-1 121,831,000.00 2.78000% 121,831,000.00 291,649.88 0.00 0.00 M-2 63,816,000.00 3.48000% 63,816,000.00 191,235.28 0.00 0.00 M-3 23,206,000.00 3.68000% 23,206,000.00 73,537.24 0.00 0.00 M-4 18,565,000.00 3.83000% 18,565,000.00 61,228.40 0.00 0.00 M-5 18,565,000.00 3.93000% 18,565,000.00 62,827.05 0.00 0.00 M-6 13,923,000.00 4.93000% 13,923,000.00 59,107.00 0.00 0.00 B 11,603,000.00 4.93000% 11,603,000.00 49,257.96 0.00 0.00 X 11,602,149.53 0.00000% 2,045,223,870.97 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 4,831,648.69 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 1,349,531.87 0.00 618,071,071.44 2-A1 0.00 0.00 759,588.79 0.00 340,268,447.38 2-A2 0.00 0.00 402,904.80 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 2,045,223,870.97 M-1 0.00 0.00 291,649.88 0.00 121,831,000.00 M-2 0.00 0.00 191,235.28 0.00 63,816,000.00 M-3 0.00 0.00 73,537.24 0.00 23,206,000.00 M-4 0.00 0.00 61,228.40 0.00 18,565,000.00 M-5 0.00 0.00 62,827.05 0.00 18,565,000.00 M-6 0.00 0.00 59,107.00 0.00 13,923,000.00 B 0.00 0.00 49,257.96 0.00 11,603,000.00 X 0.00 0.00 7,102,453.29 0.00 1,960,435,468.12 P 0.00 0.00 1,200,179.62 0.00 100.00 Totals 0.00 0.00 13,134,281.60 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 2.37000% 841.34488010 1.71704468 0.00000000 0.00000000 2-A1 532,524,000.00 2.31000% 717.08095226 1.42639353 0.00000000 0.00000000 2-A2 194,145,000.00 2.41000% 1000.00000000 2.07527776 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% 912.70481804 0.00000000 0.00000000 0.00000000 M-1 121,831,000.00 2.78000% 1000.00000000 2.39388891 0.00000000 0.00000000 M-2 63,816,000.00 3.48000% 1000.00000000 2.99666667 0.00000000 0.00000000 M-3 23,206,000.00 3.68000% 1000.00000000 3.16888908 0.00000000 0.00000000 M-4 18,565,000.00 3.83000% 1000.00000000 3.29805548 0.00000000 0.00000000 M-5 18,565,000.00 3.93000% 1000.00000000 3.38416644 0.00000000 0.00000000 M-6 13,923,000.00 4.93000% 1000.00000000 4.24527760 0.00000000 0.00000000 B 11,603,000.00 4.93000% 1000.00000000 4.24527795 0.00000000 0.00000000 X 11,602,149.53 0.00000% 176279.73727468 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 1.71704468 0.00000000 786.38798242 2-A1 0.00000000 0.00000000 1.42639353 0.00000000 638.97298034 2-A2 0.00000000 0.00000000 2.07527776 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 881.34120345 M-1 0.00000000 0.00000000 2.39388891 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.99666667 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.16888908 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.29805548 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.38416644 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.24527760 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.24527795 0.00000000 1000.00000000 X 0.00000000 0.00000000 612.16701885 0.00000000 168971.74640362 P 0.00000000 0.00000000 1200179.62000000 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 1,081,075,467.36 0.00 0.00 89.65836555% A-SIO(2) 0.00000% 0.00 964,148,403.61 0.00 0.00 86.48550443%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 99,642,335.65 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) (53,547.63) Prepayment Penalties 0.00 Total Deposits 99,588,788.02 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,666,103.57 Payment of Interest and Principal 97,922,684.45 Total Withdrawals (Pool Distribution Amount) 99,588,788.02 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 795,911.57 Credit Risk Manager Fee 25,565.30 PMI Insurance Premium Fee 842,922.04 Wells Fargo Bank, N.A. 1,704.66 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,666,103.57
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 1,516,095.67 1,516,095.67 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 36 0 0 36 4,488,954.09 0.00 0.00 4,488,954.09 30 Days 216 1 0 0 217 34,059,252.81 27,692.65 0.00 0.00 34,086,945.46 60 Days 90 2 12 0 104 14,583,021.29 108,583.90 1,776,209.92 0.00 16,467,815.11 90 Days 23 3 47 0 73 4,496,698.12 304,352.68 8,930,944.50 0.00 13,731,995.30 120 Days 9 3 56 2 70 1,592,276.68 542,721.28 8,398,425.98 264,964.29 10,798,388.23 150 Days 1 2 18 0 21 104,300.12 209,308.35 2,380,521.69 0.00 2,694,130.16 180+ Days 0 2 14 4 20 0.00 337,096.29 2,275,384.04 410,691.68 3,023,172.01 Totals 339 49 147 6 541 54,835,549.02 6,018,709.24 23,761,486.13 675,655.97 85,291,400.36 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 0.301054% 0.000000% 0.000000% 0.301054% 0.228799% 0.000000% 0.000000% 0.228799% 30 Days 1.806322% 0.008363% 0.000000% 0.000000% 1.814685% 1.735979% 0.001411% 0.000000% 0.000000% 1.737390% 60 Days 0.752634% 0.016725% 0.100351% 0.000000% 0.869711% 0.743287% 0.005534% 0.090532% 0.000000% 0.839354% 90 Days 0.192340% 0.025088% 0.393042% 0.000000% 0.610470% 0.229194% 0.015513% 0.455205% 0.000000% 0.699911% 120 Days 0.075263% 0.025088% 0.468306% 0.016725% 0.585382% 0.081157% 0.027662% 0.428063% 0.013505% 0.550387% 150 Days 0.008363% 0.016725% 0.150527% 0.000000% 0.175615% 0.005316% 0.010668% 0.121334% 0.000000% 0.137318% 180+ Days 0.000000% 0.016725% 0.117076% 0.033450% 0.167252% 0.000000% 0.017182% 0.115975% 0.020933% 0.154089% Totals 2.834922% 0.409768% 1.229303% 0.050176% 4.524168% 2.794934% 0.306770% 1.211108% 0.034438% 4.347249%
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 5 0 0 5 448,070.65 0.00 0.00 448,070.65 30 Days 24 0 0 0 24 2,208,035.02 0.00 0.00 0.00 2,208,035.02 60 Days 9 1 2 0 12 981,886.62 75,382.32 208,432.08 0.00 1,265,701.02 90 Days 3 1 3 0 7 688,714.47 55,015.62 468,867.86 0.00 1,212,597.95 120 Days 0 0 3 0 3 0.00 0.00 433,752.63 0.00 433,752.63 150 Days 0 0 2 0 2 0.00 0.00 75,700.15 0.00 75,700.15 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 36 7 10 0 53 3,878,636.11 578,468.59 1,186,752.72 0.00 5,643,857.42 0-29 Days 0.179986% 0.000000% 0.000000% 0.179986% 0.132691% 0.000000% 0.000000% 0.132691% 30 Days 0.863931% 0.000000% 0.000000% 0.000000% 0.863931% 0.653883% 0.000000% 0.000000% 0.000000% 0.653883% 60 Days 0.323974% 0.035997% 0.071994% 0.000000% 0.431965% 0.290774% 0.022324% 0.061725% 0.000000% 0.374822% 90 Days 0.107991% 0.035997% 0.107991% 0.000000% 0.251980% 0.203954% 0.016292% 0.138850% 0.000000% 0.359096% 120 Days 0.000000% 0.000000% 0.107991% 0.000000% 0.107991% 0.000000% 0.000000% 0.128451% 0.000000% 0.128451% 150 Days 0.000000% 0.000000% 0.071994% 0.000000% 0.071994% 0.000000% 0.000000% 0.022418% 0.000000% 0.022418% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.295896% 0.251980% 0.359971% 0.000000% 1.907847% 1.148611% 0.171306% 0.351442% 0.000000% 1.671360% 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 18 0 0 18 2,517,974.54 0.00 0.00 2,517,974.54 30 Days 90 1 0 0 91 13,899,260.02 27,692.65 0.00 0.00 13,926,952.67 60 Days 48 1 4 0 53 6,996,050.18 33,201.58 646,041.43 0.00 7,675,293.19 90 Days 13 1 24 0 38 2,381,751.17 87,798.87 4,276,503.63 0.00 6,746,053.67 120 Days 6 1 24 0 31 860,960.78 232,784.89 2,827,498.78 0.00 3,921,244.45 150 Days 1 2 11 0 14 104,300.12 209,308.35 1,415,461.16 0.00 1,729,069.63 180 Days 0 0 4 3 7 0.00 0.00 584,584.28 345,556.32 930,140.60 Totals 158 24 67 3 252 24,242,322.27 3,108,760.88 9,750,089.28 345,556.32 37,446,728.75 0-29 Days 0.420954% 0.000000% 0.000000% 0.420954% 0.359217% 0.000000% 0.000000% 0.359217% 30 Days 2.104771% 0.023386% 0.000000% 0.000000% 2.128157% 1.982886% 0.003951% 0.000000% 0.000000% 1.986836% 60 Days 1.122544% 0.023386% 0.093545% 0.000000% 1.239476% 0.998065% 0.004737% 0.092165% 0.000000% 1.094967% 90 Days 0.304022% 0.023386% 0.561272% 0.000000% 0.888681% 0.339784% 0.012525% 0.610091% 0.000000% 0.962400% 120 Days 0.140318% 0.023386% 0.561272% 0.000000% 0.724977% 0.122826% 0.033209% 0.403374% 0.000000% 0.559410% 150 Days 0.023386% 0.046773% 0.257250% 0.000000% 0.327409% 0.014880% 0.029860% 0.201931% 0.000000% 0.246671% 180 Days 0.000000% 0.000000% 0.093545% 0.070159% 0.163704% 0.000000% 0.000000% 0.083398% 0.049297% 0.132695% Totals 3.695042% 0.561272% 1.566885% 0.070159% 5.893358% 3.458440% 0.443500% 1.390960% 0.049297% 5.342196% 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 4 0 0 4 370,358.00 0.00 0.00 370,358.00 30 Days 13 0 0 0 13 1,100,390.59 0.00 0.00 0.00 1,100,390.59 60 Days 2 0 0 0 2 100,567.82 0.00 0.00 0.00 100,567.82 90 Days 1 0 4 0 5 19,893.16 0.00 1,391,004.71 0.00 1,410,897.87 120 Days 0 0 3 1 4 0.00 0.00 410,099.80 169,733.03 579,832.83 150 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 16 4 8 1 29 1,220,851.57 370,358.00 2,156,377.82 169,733.03 3,917,320.42 0-29 Days 0.266489% 0.000000% 0.000000% 0.266489% 0.171943% 0.000000% 0.000000% 0.171943% 30 Days 0.866089% 0.000000% 0.000000% 0.000000% 0.866089% 0.510869% 0.000000% 0.000000% 0.000000% 0.510869% 60 Days 0.133245% 0.000000% 0.000000% 0.000000% 0.133245% 0.046690% 0.000000% 0.000000% 0.000000% 0.046690% 90 Days 0.066622% 0.000000% 0.266489% 0.000000% 0.333111% 0.009236% 0.000000% 0.645790% 0.000000% 0.655025% 120 Days 0.000000% 0.000000% 0.199867% 0.066622% 0.266489% 0.000000% 0.000000% 0.190393% 0.078800% 0.269194% 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% 0.066622% 0.000000% 0.066622% 0.000000% 0.000000% 0.164940% 0.000000% 0.164940% Totals 1.065956% 0.266489% 0.532978% 0.066622% 1.932045% 0.566794% 0.171943% 1.001123% 0.078800% 1.818660% 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 9 0 0 9 1,152,550.90 0.00 0.00 1,152,550.90 30 Days 89 0 0 0 89 16,851,567.18 0.00 0.00 0.00 16,851,567.18 60 Days 31 0 6 0 37 6,504,516.67 0.00 921,736.41 0.00 7,426,253.08 90 Days 6 1 16 0 23 1,406,339.32 161,538.19 2,794,568.30 0.00 4,362,445.81 120 Days 3 2 26 1 32 731,315.90 309,936.39 4,727,074.77 95,231.26 5,863,558.32 150 Days 0 0 5 0 5 0.00 0.00 889,360.38 0.00 889,360.38 180 Days 0 2 9 1 12 0.00 337,096.29 1,335,526.45 65,135.36 1,737,758.10 Totals 129 14 62 2 207 25,493,739.07 1,961,121.77 10,668,266.31 160,366.62 38,283,493.77 0-29 Days 0.264473% 0.000000% 0.000000% 0.264473% 0.162807% 0.000000% 0.000000% 0.162807% 30 Days 2.615339% 0.000000% 0.000000% 0.000000% 2.615339% 2.380418% 0.000000% 0.000000% 0.000000% 2.380418% 60 Days 0.910961% 0.000000% 0.176315% 0.000000% 1.087276% 0.918815% 0.000000% 0.130203% 0.000000% 1.049017% 90 Days 0.176315% 0.029386% 0.470173% 0.000000% 0.675874% 0.198657% 0.022819% 0.394755% 0.000000% 0.616230% 120 Days 0.088158% 0.058772% 0.764032% 0.029386% 0.940347% 0.103304% 0.043781% 0.667737% 0.013452% 0.828274% 150 Days 0.000000% 0.000000% 0.146929% 0.000000% 0.146929% 0.000000% 0.000000% 0.125629% 0.000000% 0.125629% 180 Days 0.000000% 0.058772% 0.264473% 0.029386% 0.352630% 0.000000% 0.047618% 0.188654% 0.009201% 0.245472% Totals 3.790773% 0.411402% 1.821922% 0.058772% 6.082868% 3.601194% 0.277024% 1.506978% 0.022653% 5.407848%
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 7.121601% Weighted Average Net Coupon 6.654613% Weighted Average Pass-Through Rate 6.159043% Weighted Average Maturity(Stepdown Calculation ) 346 Beginning Scheduled Collateral Loan Count 12,386 Number Of Loans Paid In Full 428 Ending Scheduled Collateral Loan Count 11,958 Beginning Scheduled Collateral Balance 2,045,223,870.97 Ending Scheduled Collateral Balance 1,960,435,468.12 Ending Actual Collateral Balance at 30-Nov-2004 1,961,962,520.22 Monthly P &I Constant 13,938,647.09 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 53,547.63 Cumulative Realized Loss 53,547.63 Ending Scheduled Balance for Premium Loans 1,960,435,468.12 Scheduled Principal 1,800,924.17 Unscheduled Principal 82,987,478.68
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 1,516,095.67 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 7.153290 7.214135 7.214377 Weighted Average Net Rate 6.687857 6.747420 6.744436 Weighted Average Maturity 346 346 345 Beginning Loan Count 2,845 4,454 1,549 Loans Paid In Full 67 178 48 Ending Loan Count 2,778 4,276 1,501 Beginning Scheduled Balance 345,242,269.11 735,833,198.25 222,468,127.09 Ending scheduled Balance 337,397,174.33 700,459,149.76 215,198,416.08 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 2,655,898.32 4,911,077.38 1,559,691.29 Scheduled Principal 597,883.37 487,410.74 222,217.11 Unscheduled Principal 7,247,211.41 34,886,637.75 7,047,493.90 Scheduled Interest 2,058,014.95 4,423,666.64 1,337,474.18 Servicing Fees 133,905.82 286,187.01 87,122.52 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 90,402.86 270,039.64 80,712.41 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 1,833,706.27 3,867,439.99 1,169,639.25 Realized Loss Amount 0.00 53,547.63 0.00 Cumulative Realized Loss 0.00 53,547.63 0.00 Percentage of Cumulative Losses 0.0000 0.0065 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.373633 6.307038 6.309071
Group Level Collateral Statement Group 2(B) Total Collateral Description Fixed 15/30 & ARM Mixed & ARM & Balloon Weighted Average Coupon Rate 6.987216 7.121601 Weighted Average Net Rate 6.520121 6.654613 Weighted Average Maturity 345 346 Beginning Loan Count 3,538 12,386 Loans Paid In Full 135 428 Ending Loan Count 3,403 11,958 Beginning Scheduled Balance 741,680,276.52 2,045,223,870.97 Ending scheduled Balance 707,380,727.95 1,960,435,468.12 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 4,811,980.10 13,938,647.09 Scheduled Principal 493,412.95 1,800,924.17 Unscheduled Principal 33,806,135.62 82,987,478.68 Scheduled Interest 4,318,567.15 12,137,722.92 Servicing Fees 288,696.32 795,911.67 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 403,471.38 844,626.29 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 3,626,399.45 10,497,184.96 Realized Loss Amount 0.00 53,547.63 Cumulative Realized Loss 0.00 53,547.63 Percentage of Cumulative Losses 0.0000 0.0024 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.867325 6.159043
Ex 99.2
theMurrayhillcompany SAIL 2004-6 Credit Risk Manager Report November 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 Executive Summary Section Two Prepayment Premium Analysis Section Three Analytics Section One Executive Summary SAIL 2004-6 Executive Summary November 2004 Transaction Summary Closing Date: 06/29/2004 Depositor: Structured Asset Securities Corporation Securities Administrator: Wells Fargo Bank, N.A. Master Servicer: Aurora Loan Services Master Servicing Servicer(s): Aurora Loan Services, Chase Home Finance, Ocwen Financial Services, Option One Mortgage, Wells Fargo Bank, N.A. Mortgage Insurer(s): Mortgage Guaranty Insurance Corporation, Radian Guaranty Delinquency Reporting Method: OTS1 Collateral Summary 2 10/31/2004 as a Percentage of Closing Date 10/31/2004 Closing Date Collateral Balance $2,319,830,599 $1,874,429,610 80.80% Loan Count 13,714 11,461 83.57% 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. Collateral Statistics Loan Count Summed Balance Repurchases* 0 $0 First Payment Defaults 16 $3,008,305 Early Payment Defaults** 83 $12,900,353 Multiple Loans to One Borrower 23 $2,809,185 *Refers to loans repurchased in the current month **A default that occurs on the second or third scheduled payment Second Lien Statistics Loan Count Summed Balance Outstanding Second Lien Loans 1,284 $49,368,313 30 Days Delinquent 5 $282,069 60 Days Delinquent 8 $407,579 90+ Days Delinquent 1 $15,396 Delinquencies Murrayhill noticed that delinquency counts have not reconciled between what the servicers are reporting and what is being reported on the remittance statement, particularly for loans in foreclosure status. 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. 11/25/2004 Remittance Delinquency 30 60 90+ FC REO Counts As reported on 232 100 33 90 4 remittance As reported by 229 91 28 104 2 servicer Difference 3 9 5 -14 2 c 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation of Prepayment Premiums for SAIL 2004-6 Mortgage Data Through: October 31, 2004 Section 1: 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-Nov-04 25-Oct-04 25-Sep-04 25-Aug-04 25-Jul-04 P Class $1,110,755 $1,010,818 $705,397 $553,856 $188,587 Section 2: 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-Nov-04 25-Oct-04 25-Sep-04 25-Aug-04 25-Jul-04 TOTAL $1,110,755 $1,010,818 $705,397 $511,929 $230,514 Section 3: Reconciliation of the amounts remitted to the P Class by the trustee and the amount remitted by the servicer to the trustee. Amount remitted to the P Class: $1,110,755 Amount remitted by servicer: $1,110,755 Difference: $0 Aggregate Paid-Off Loans Report for SAIL 2004-6 Mortgage Data Through: October 31, 2004 Trustee Remittance Date 25-Nov-04 25-Oct-04 25-Sep-04 25-Aug-04 25-Jul-04 Loans with Active Prepayment Flags with 203 171 122 94 44 Premiums Remitted (A) Loans without Prepayment Flags with Premiums 3 1 1 0 0 Remitted Total Loans with Premiums Remitted (B) 206 172 123 94 44 Loans with Active Prepayment Flags (C) 204 177 125 104 48 Loans without Prepayment Flags with Premiums 3 1 1 0 0 Remitted Subtotal (D) 207 178 126 104 48 Premiums Remitted for loans with Active 99.5% 96.6% 97.6% 90.4% 91.7% Prepayment Flags (A/C) Total Loans with Premiums Remitted to the 99.5% 96.6% 97.6% 90.4% 91.7% Subtotal (B/D) Total Paid-Off Loans (E) 352 351 263 236 110 Total Loans with Premiums Remitted to the 58.5% 49.0% 46.8% 39.8% 40.0% Total Paid-Off Loans (B/E) Paid-Off Loans Exception Report for SAIL 2004-6 Mortgage Data Through: October 31, 2004 Total Total Paid-Off Loans with Flags 206 Less Exceptions: Loans with Expired Prepayment Clauses (as stated in the Note)* 0 Loans that Contained a Clause Allowing Prepayment Premiums to be Waived at the Time of Liquidation* 0 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* 2 Loans that were Liquidated Through Loss Mitigation Efforts* 0 Total Paid-Off Loans with Active Prepayment Flags (C) 204 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 1 * These categories are mutually exclusive. Paid-Off Loans With Prepayment Flags for SAIL 2004-6 Mortgage Data Through: October 31, 2004 Origination PPP Loan Number Delinquency Exp. Date String Date Flag 5210230 CCCC0 7/2/2003 2 7/2/2005 5202285 69F0 3/16/2004 2 3/16/2006 5209394 99F0 1/8/2004 3 1/8/2007 4385928 CCCC0 7/30/2003 0 7/30/2003 5210690 CCCC0 12/8/2003 0 12/8/2003 5203669 CCCC0 2/17/2004 0 2/17/2004 5355626 CCCC0 4/30/2004 0 4/30/2004 5200874 CCCC0 11/24/2003 1 11/24/2004 5203588 CCCC0 1/23/2004 1 1/23/2005 5205629 CCCC0 2/9/2004 1 2/9/2005 5203016 CCCC0 3/1/2004 1 3/1/2005 5207222 CCCC0 3/10/2004 1 3/10/2005 5207969 CCCC0 3/12/2004 1 3/12/2005 5203393 CCCC0 3/15/2004 1 3/15/2005 5209842 CCCC0 3/17/2004 1 3/17/2005 5207741 CCCC0 3/24/2004 1 3/24/2005 5204007 CCCC0 3/30/2004 1 3/30/2005 5200069 CCCC0 3/31/2004 1 3/31/2005 5199887 CCCC0 4/28/2004 1 4/28/2005 5208494 CCCC0 8/4/2003 2 8/4/2005 5212050 CCCC0 8/15/2003 2 8/15/2005 5203217 CCC0 8/22/2003 2 8/22/2005 5200782 CCCC0 10/20/2003 2 10/20/2005 5200545 CCCC0 11/7/2003 2 11/7/2005 5200191 CCCC0 11/18/2003 2 11/18/2005 5201501 CCCC0 11/26/2003 2 11/26/2005 5200720 CCCC0 11/26/2003 2 11/26/2005 5200706 C3CC0 11/26/2003 2 11/26/2005 5200278 CCCC0 12/1/2003 2 12/1/2005 5201573 CCCC0 12/3/2003 2 12/3/2005 5200681 CCCC0 12/4/2003 2 12/4/2005 5200676 CCCC0 12/5/2003 2 12/5/2005 5201497 CCCC0 12/5/2003 2 12/5/2005 5200444 CCCC0 12/5/2003 2 12/5/2005 5201885 CCCC0 12/10/2003 2 12/10/2005 5201561 CCCC0 12/15/2003 2 12/15/2005 5200693 CCCC0 12/22/2003 2 12/22/2005 5200962 CCCC0 12/22/2003 2 12/22/2005 5200622 CCCC0 12/23/2003 2 12/23/2005 5201674 CCCC0 12/24/2003 2 12/24/2005 5201153 CCCC0 12/24/2003 2 12/24/2005 5201160 CCCC0 12/29/2003 2 12/29/2005 5201206 CCCC0 12/30/2003 2 12/30/2005 5200384 CCCC0 12/31/2003 2 12/31/2005 5201003 CCCC0 1/5/2004 2 1/5/2006 5201818 CCCC0 1/7/2004 2 1/7/2006 5201096 CCCC0 1/7/2004 2 1/7/2006 5201099 CCCC0 1/14/2004 2 1/14/2006 5201817 CCCC0 1/16/2004 2 1/16/2006 5200534 CCCC0 1/20/2004 2 1/20/2006 5204832 CCC30 2/6/2004 2 2/6/2006 5205005 CCCC0 2/6/2004 2 2/6/2006 5207220 CCCC0 2/9/2004 2 2/9/2006 5206470 CCCC0 2/9/2004 2 2/9/2006 5209873 CCCC0 2/10/2004 2 2/10/2006 5206669 CCCC0 2/12/2004 2 2/12/2006 5205565 CCCC0 2/12/2004 2 2/12/2006 5207267 CCCC0 2/13/2004 2 2/13/2006 5205451 CCCC0 2/17/2004 2 2/17/2006 5207132 CCCC0 2/18/2004 2 2/18/2006 5206527 CCCC0 2/18/2004 2 2/18/2006 5204831 CCCC0 2/18/2004 2 2/18/2006 5204061 CCCC0 2/19/2004 2 2/19/2006 5205871 CCCC0 2/19/2004 2 2/19/2006 5204684 CCCC0 2/19/2004 2 2/19/2006 5205153 CCCC0 2/20/2004 2 2/20/2006 5205531 CCCC0 2/20/2004 2 2/20/2006 5209881 CCCC0 2/23/2004 2 2/23/2006 5206313 CCCC0 2/23/2004 2 2/23/2006 5207290 CCCC0 2/23/2004 2 2/23/2006 5205698 CCCC0 2/24/2004 2 2/24/2006 5205315 CCCC0 2/25/2004 2 2/25/2006 5209850 CCCC0 2/26/2004 2 2/26/2006 5205850 CCCC0 2/27/2004 2 2/27/2006 5206723 CCCC0 2/27/2004 2 2/27/2006 5206142 CCCC0 2/27/2004 2 2/27/2006 5206186 CCCC0 2/27/2004 2 2/27/2006 5205815 CCCC0 2/27/2004 2 2/27/2006 5212435 CCCC0 2/27/2004 2 2/27/2006 5205830 CCCC0 3/1/2004 2 3/1/2006 5202790 CCCC0 3/1/2004 2 3/1/2006 5202154 CCCC0 3/1/2004 2 3/1/2006 5202152 CCCC0 3/1/2004 2 3/1/2006 5208401 CCCC0 3/5/2004 2 3/5/2006 5208372 CCCC0 3/8/2004 2 3/8/2006 5206120 CCCC0 3/9/2004 2 3/9/2006 5209964 CCCC0 3/9/2004 2 3/9/2006 5208550 CCCC0 3/9/2004 2 3/9/2006 5207893 CCCC0 3/9/2004 2 3/9/2006 5209910 CCCC0 3/10/2004 2 3/10/2006 5207847 CCCC0 3/10/2004 2 3/10/2006 5208967 3660 3/10/2004 2 3/10/2006 5202816 CCCC0 3/11/2004 2 3/11/2006 5202279 CCCC0 3/11/2004 2 3/11/2006 5207845 CCCC0 3/11/2004 2 3/11/2006 5208547 CCCC0 3/12/2004 2 3/12/2006 5207972 CCCC0 3/12/2004 2 3/12/2006 5208660 CCCC0 3/12/2004 2 3/12/2006 5208885 CCCC0 3/15/2004 2 3/15/2006 5208961 CCCC0 3/15/2004 2 3/15/2006 5207925 CCCC0 3/15/2004 2 3/15/2006 5205717 CCCC0 3/16/2004 2 3/16/2006 5205487 CCCC0 3/16/2004 2 3/16/2006 5207285 CCC90 3/16/2004 2 3/16/2006 5208946 CCCC0 3/16/2004 2 3/16/2006 5208652 CCCC0 3/17/2004 2 3/17/2006 5207858 CCCC0 3/17/2004 2 3/17/2006 5209065 CCC30 3/17/2004 2 3/17/2006 5207251 CCCC0 3/18/2004 2 3/18/2006 5208157 CCCC0 3/18/2004 2 3/18/2006 5208172 CCCC0 3/18/2004 2 3/18/2006 5205932 CCCC0 3/19/2004 2 3/19/2006 5204920 CCCC0 3/19/2004 2 3/19/2006 5209262 CCCC0 3/19/2004 2 3/19/2006 5208171 CCCC0 3/19/2004 2 3/19/2006 5208174 CCCC0 3/19/2004 2 3/19/2006 5204980 CCCC0 3/22/2004 2 3/22/2006 5207757 CCCC0 3/22/2004 2 3/22/2006 5206039 CCCC0 3/23/2004 2 3/23/2006 5206317 CCCC0 3/23/2004 2 3/23/2006 5208075 CCCC0 3/23/2004 2 3/23/2006 5208420 CCCC0 3/23/2004 2 3/23/2006 5208325 CC360 3/24/2004 2 3/24/2006 5209348 CC360 3/24/2004 2 3/24/2006 5208537 CC330 3/24/2004 2 3/24/2006 5208451 CC330 3/24/2004 2 3/24/2006 5210086 CCCC0 3/25/2004 2 3/25/2006 5208575 CCCC0 3/25/2004 2 3/25/2006 5208449 CCCC0 3/25/2004 2 3/25/2006 5203105 CCCC0 3/26/2004 2 3/26/2006 5208227 CCCC0 3/26/2004 2 3/26/2006 5208727 CCC30 3/26/2004 2 3/26/2006 5208530 CCCC0 3/29/2004 2 3/29/2006 5206307 CCCC0 3/30/2004 2 3/30/2006 5200810 CCCC0 3/30/2004 2 3/30/2006 5208609 CCCC0 3/30/2004 2 3/30/2006 5208177 C360 3/30/2004 2 3/30/2006 5208983 CCCC0 3/30/2004 2 3/30/2006 5206210 CCCC0 3/31/2004 2 3/31/2006 5200323 CC3C0 3/31/2004 2 3/31/2006 5209359 CCCC0 3/31/2004 2 3/31/2006 5202195 CCCC0 3/31/2004 2 3/31/2006 5208454 CCCC0 3/31/2004 2 3/31/2006 5208541 CC3C0 3/31/2004 2 3/31/2006 5208818 CCCC0 3/31/2004 2 3/31/2006 5209188 3CC0 3/31/2004 2 3/31/2006 5200307 CCCC0 4/27/2004 2 4/27/2006 5200811 CCCC0 4/28/2004 2 4/28/2006 5201022 CCCC0 4/28/2004 2 4/28/2006 5200626 CCCC0 12/9/2003 3 12/9/2006 5200546 CCCC0 12/19/2003 3 12/19/2006 5201472 CC360 12/24/2003 3 12/24/2006 5199834 CCCC0 12/31/2003 3 12/31/2006 5211320 CCCC0 1/2/2004 3 1/2/2007 5201633 CCCC0 1/7/2004 3 1/7/2007 5199799 CCCC0 1/14/2004 3 1/14/2007 5210092 CCCC0 2/2/2004 3 2/2/2007 5203502 CCCC0 2/6/2004 3 2/6/2007 5204298 CCCC0 2/6/2004 3 2/6/2007 5204181 CCCC0 2/17/2004 3 2/17/2007 5204951 CCCC0 2/26/2004 3 2/26/2007 5204064 CCCC0 2/27/2004 3 2/27/2007 5204055 CCCC0 2/27/2004 3 2/27/2007 5203895 CCCC0 2/27/2004 3 2/27/2007 5206689 CCCC0 2/27/2004 3 2/27/2007 5203449 CCCC0 2/27/2004 3 2/27/2007 5206175 CCC30 2/27/2004 3 2/27/2007 5203897 CCCC0 2/27/2004 3 2/27/2007 5205693 CCCC0 3/1/2004 3 3/1/2007 5203330 CCCC0 3/2/2004 3 3/2/2007 5208771 CCC30 3/8/2004 3 3/8/2007 5203161 CCCC0 3/11/2004 3 3/11/2007 5202188 CCCC0 3/11/2004 3 3/11/2007 5207510 CCCC0 3/12/2004 3 3/12/2007 5208825 CCCC0 3/12/2004 3 3/12/2007 5207360 CCCC0 3/12/2004 3 3/12/2007 5203101 CCCC0 3/13/2004 3 3/13/2007 5204018 CCCC0 3/15/2004 3 3/15/2007 5199689 CCCC0 3/15/2004 3 3/15/2007 5205831 CCCC0 3/17/2004 3 3/17/2007 5200067 CCCC0 3/17/2004 3 3/17/2007 5204116 CCCC0 3/18/2004 3 3/18/2007 5204115 CCCC0 3/18/2004 3 3/18/2007 5207433 CCCC0 3/18/2004 3 3/18/2007 5207684 CCCC0 3/18/2004 3 3/18/2007 5208801 CCCC0 3/18/2004 3 3/18/2007 5204241 CCCC0 3/19/2004 3 3/19/2007 5204745 CCCC0 3/22/2004 3 3/22/2007 5204705 CCCC0 3/23/2004 3 3/23/2007 5207628 CCCC0 3/23/2004 3 3/23/2007 5207520 CCCC0 3/23/2004 3 3/23/2007 5203771 CCCC0 3/24/2004 3 3/24/2007 5209377 CCCC0 3/24/2004 3 3/24/2007 5203907 CCCC0 3/26/2004 3 3/26/2007 5201900 C3330 3/29/2004 3 3/29/2007 5203724 CCCC0 3/31/2004 3 3/31/2007 5202547 CCCC0 3/31/2004 3 3/31/2007 5205336 CCCC0 3/31/2004 3 3/31/2007 5206447 CCCC0 3/31/2004 3 3/31/2007 5202006 CCCC0 3/31/2004 3 3/31/2007 5207444 CCCC0 3/31/2004 3 3/31/2007 5209159 CCCC0 3/31/2004 3 3/31/2007 5202024 CCCC0 4/2/2004 3 4/2/2007 5199845 CCCC0 4/26/2004 3 4/26/2007 5199878 CCCC0 4/28/2004 3 4/28/2007 5199873 CCCC0 4/29/2004 3 4/29/2007 5199993 CCCC0 4/29/2004 3 4/29/2007 5210215 CCCC0 7/15/2002 5 7/15/2007 Paid-Off Loans With Prepayment Flags for SAIL 2004-6 Mortgage Data Through: October 31, 2004 (CONT.) % of No Premium PPP Payoff PPP Premium to Loan Number Collected, w/Collected, Comments Balance Remitted Payoff Flag No Flag Balance 5210230 $ 167,900 $ - 0% 5210230 Awaiting servicer s response 5202285 $ 123,441 $ - 0% Liquidated out of foreclosure status 5209394 $ 195,627 $ - 0% Liquidated out of foreclosure status 4385928 $ 353,500 $ 9,711 3% 4385928 5210690 $ 183,529 $ 6,049 3% 5210690 5203669 $ 45,565 $ 760 2% 5203669 5355626 $ 263,612 $ 7,132 3% 5355626 5200874 $ 119,287 $ 2,389 2% 5203588 $ 217,383 $ 5,633 3% 5205629 $ 207,772 $ 4,155 2% 5203016 $ 188,888 $ 5,661 3% 5207222 $ 147,777 $ 5,759 4% 5207969 $ 327,043 $ 9,931 3% 5203393 $ 91,331 $ 3,410 4% 5209842 $ 179,442 $ 7,595 4% 5207741 $ 156,794 $ 3,136 2% 5204007 $ 67,900 $ 2,756 4% 5200069 $ 467,914 $ 12,461 3% 5199887 $ 119,620 $ 3,992 3% 5208494 $ 182,239 $ 6,003 3% 5212050 $ 129,488 $ 4,329 3% 5203217 $ 143,707 $ 3,808 3% 5200782 $ 79,491 $ 796 1% 5200545 $ 120,867 $ 4,042 3% 5200191 $ 163,551 $ 4,570 3% 5201501 $ 412,930 $ 12,949 3% 5200720 $ 135,056 $ 4,504 3% 5200706 $ 160,623 $ 4,466 3% 5200278 $ 119,410 $ 4,362 4% 5201573 $ 253,650 $ 5,073 2% 5200681 $ 237,777 $ 6,175 3% 5200676 $ 334,804 $ 11,435 3% 5201497 $ 104,191 $ 3,727 4% 5200444 $ 80,622 $ 807 1% 5201885 $ 154,665 $ 3,925 3% 5201561 $ 214,919 $ 6,598 3% 5200693 $ 116,418 $ 1,752 2% 5200962 $ 155,166 $ 1,336 1% 5200622 $ 182,045 $ 5,093 3% 5201674 $ 97,212 $ 2,698 3% 5201153 $ 77,526 $ 776 1% 5201160 $ 118,799 $ 3,284 3% 5201206 $ 160,280 $ 4,484 3% 5200384 $ 167,113 $ 5,883 4% 5201003 $ 121,509 $ 3,488 3% 5201818 $ 169,806 $ 4,744 3% 5201096 $ 74,130 $ 1,599 2% 5201099 $ 158,946 $ 5,209 3% 5201817 $ 106,402 $ 2,973 3% 5200534 $ 187,710 $ 3,754 2% 5204832 $ 49,955 $ 1,538 3% 5205005 $ 256,000 $ 7,731 3% 5207220 $ 82,129 $ 2,708 3% 5206470 $ 177,657 $ 6,854 4% 5209873 $ 119,560 $ 4,080 3% 5206669 $ 165,277 $ 2,135 1% 5205565 $ 358,114 $ 9,656 3% 5207267 $ 120,978 $ 1,216 1% 5205451 $ 194,931 $ 2,390 1% 5207132 $ 259,935 $ 2,599 1% 5206527 $ 411,424 $ 10,847 3% 5204831 $ 378,086 $ 11,706 3% 5204061 $ 38,823 $ 1,393 4% 5205871 $ 208,628 $ 5,924 3% 5204684 $ 262,366 $ 8,125 3% 5205153 $ 173,957 $ 5,358 3% 5205531 $ 195,391 $ 7,302 4% 5209881 $ 134,385 $ 4,492 3% 5206313 $ 222,226 $ 5,994 3% 5207290 $ 454,750 $ 10,732 2% 5205698 $ 207,180 $ 1,758 1% 5205315 $ 437,000 $ 9,177 2% 5209850 $ 127,751 $ 1,754 1% 5205850 $ 187,868 $ 4,540 2% 5206723 $ 215,200 $ 6,017 3% 5206142 $ 592,000 $ 6,808 1% 5206186 $ 254,309 $ 8,132 3% 5205815 $ 385,001 $ 11,537 3% 5212435 $ 79,715 $ 3,424 4% 5205830 $ 203,191 $ 5,887 3% 5202790 $ 196,935 $ 6,853 3% 5202154 $ 75,765 $ 2,836 4% 5202152 $ 85,236 $ 3,190 4% 5208401 $ 158,206 $ 4,450 3% 5208372 $ 179,010 $ 4,648 3% 5206120 $ 90,309 $ 1,174 1% 5209964 $ 101,619 $ 3,049 3% 5208550 $ 224,249 $ 8,066 4% 5207893 $ 262,648 $ 8,653 3% 5209910 $ 562,931 $ 17,973 3% 5207847 $ 255,299 $ 6,495 3% 5208967 $ 243,751 $ 9,114 4% 5202816 $ 385,967 $ 10,430 3% 5202279 $ 80,364 $ 807 1% 5207845 $ 223,146 $ 7,446 3% 5208547 $ 170,305 $ 4,832 3% 5207972 $ 226,710 $ 5,750 3% 5208660 $ 241,901 $ 7,249 3% 5208885 $ 149,584 $ 2,992 2% 5208961 $ 159,927 $ 4,474 3% 5207925 $ 367,893 $ 10,304 3% 5205717 $ 121,643 $ 1,181 1% 5205487 $ 150,453 $ 3,667 2% 5207285 $ 159,673 $ 4,566 3% 5208946 $ 385,392 $ 10,753 3% 5208652 $ 147,324 $ 3,822 3% 5207858 $ 235,000 $ 5,631 2% 5209065 $ 498,739 $ 13,727 3% 5207251 $ 438,824 $ 4,827 1% 5208157 $ 49,816 $ 1,513 3% 5208172 $ 232,000 $ 5,707 2% 5205932 $ 177,919 $ 1,779 1% 5204920 $ 298,694 $ 8,056 3% 5209262 $ 175,401 $ 4,802 3% 5208171 $ 288,525 $ 7,946 3% 5208174 $ 309,095 $ 8,080 3% 5204980 $ 274,474 $ 6,313 2% 5207757 $ 199,210 $ 5,771 3% 5206039 $ 74,441 $ 2,365 3% 5206317 $ 184,152 $ 4,782 3% 5208075 $ 204,442 $ 6,538 3% 5208420 $ 237,867 $ 7,359 3% 5208325 $ 127,337 $ 4,201 3% 5209348 $ 207,726 $ 6,728 3% 5208537 $ 203,625 $ 7,124 3% 5208451 $ 305,314 $ 9,154 3% 5210086 $ 232,715 $ 6,430 3% 5208575 $ 176,191 $ 4,576 3% 5208449 $ 253,737 $ 6,337 2% 5203105 $ 163,561 $ 8,178 5% 5208227 $ 157,345 $ 4,401 3% 5208727 $ 244,000 $ 6,442 3% 5208530 $ 330,837 $ 8,383 3% 5206307 $ 222,140 $ 5,994 3% 5200810 $ 148,100 $ 4,362 3% 5208609 $ 79,620 $ 796 1% 5208177 $ 249,913 $ 7,967 3% 5208983 $ 390,000 $ 11,684 3% 5206210 $ 168,541 $ 5,390 3% 5200323 $ 229,125 $ 8,188 4% 5209359 $ 134,233 $ 1,342 1% 5202195 $ 258,867 $ 6,980 3% 5208454 $ 280,000 $ 7,392 3% 5208541 $ 239,316 $ 7,413 3% 5208818 $ 390,121 $ 9,741 2% 5209188 $ 428,000 $ 12,908 3% 5200307 $ 91,860 $ 4,336 5% 5200811 $ 383,717 $ 12,443 3% 5201022 $ 171,928 $ 4,113 2% 5200626 $ 120,112 $ 3,693 3% 5200546 $ 186,145 $ 7,107 4% 5201472 $ 191,501 $ 3,838 2% 5199834 $ 73,874 $ 3,506 5% 5211320 $ 281,554 $ 7,721 3% 5201633 $ 103,953 $ 2,763 3% 5199799 $ 420,401 $ 4,204 1% 5210092 $ 243,384 $ 6,878 3% 5203502 $ 63,515 $ 2,660 4% 5204298 $ 142,935 $ 3,780 3% 5204181 $ 23,821 $ 926 4% 5204951 $ 1,149 $ 5,577 485% 5204064 $ 53,428 $ 2,080 4% 5204055 $ 64,476 $ 2,574 4% 5203895 $ 85,886 $ 3,335 4% 5206689 $ 260,000 $ 7,904 3% 5203449 $ 278,518 $ 8,344 3% 5206175 $ 347,997 $ 8,770 3% 5203897 $ 405,108 $ 9,689 2% 5205693 $ 165,277 $ 1,061 1% 5203330 $ 43,890 $ 878 2% 5208771 $ 202,009 $ 5,734 3% 5203161 $ 264,577 $ 8,459 3% 5202188 $ 116,927 $ 5,846 5% 5207510 $ 189,422 $ 5,109 3% 5208825 $ 188,258 $ 5,228 3% 5207360 $ 318,509 $ 8,144 3% 5203101 $ 167,363 $ 4,516 3% 5204018 $ 39,685 $ 1,505 4% 5199689 $ 171,832 $ 5,687 3% 5205831 $ 103,165 $ 3,402 3% 5200067 $ 103,476 $ 2,873 3% 5204116 $ 48,492 $ 1,546 3% 5204115 $ 196,000 $ 5,088 3% 5207433 $ 180,090 $ 4,317 2% 5207684 $ 166,098 $ 4,840 3% 5208801 $ 350,000 $ 10,500 3% 5204241 $ 43,773 $ 1,792 4% 5204745 $ 79,597 $ 2,210 3% 5204705 $ 99,488 $ 2,345 2% 5207628 $ 76,533 $ 2,209 3% 5207520 $ 187,294 $ 5,614 3% 5203771 $ 80,412 $ 2,208 3% 5209377 $ 186,209 $ 5,128 3% 5203907 $ 60,592 $ 2,420 4% 5201900 $ 216,652 $ 7,152 3% 5203724 $ 52,137 $ 2,031 4% 5202547 $ 246,324 $ 2,976 1% 5205336 $ 108,391 $ 3,249 3% 5206447 $ 135,533 $ 4,306 3% 5202006 $ 17,636 $ 827 5% 5207444 $ 190,425 $ 4,940 3% 5209159 $ 203,305 $ 6,492 3% 5202024 $ 52,435 $ 2,671 5% 5199845 $ 65,532 $ 657 1% 5199878 $ 116,621 $ 3,845 3% 5199873 $ 187,205 $ 5,172 3% 5199993 $ 140,087 $ 4,287 3% 5210215 $ 39,949 $ 1,198 3% c 2004 The Murrayhill Company. All Rights Reserved. Section Three Analytics SAIL 2004-6 FICO Distribution by Status Mortgage Data Through: October 31, 2004 FICO Delinquency Percentage 480 Paid Off 0.001 490 Current 0 490 Paid Off 0.001 500 Current 0.01 500 Delinquent 0.037 500 Paid Off 0.012 510 Current 0.025 510 Delinquent 0.07 510 Paid Off 0.029 520 Current 0.03 520 Delinquent 0.059 520 Paid Off 0.034 530 Current 0.031 530 Delinquent 0.088 530 Paid Off 0.035 540 Current 0.032 540 Delinquent 0.09 540 Paid Off 0.039 550 Current 0.037 550 Delinquent 0.064 550 Paid Off 0.032 560 Current 0.038 560 Delinquent 0.046 560 Paid Off 0.031 570 Current 0.036 570 Delinquent 0.042 570 Paid Off 0.033 580 Current 0.035 580 Delinquent 0.059 580 Paid Off 0.042 590 Current 0.036 590 Delinquent 0.057 590 Paid Off 0.037 600 Current 0.044 600 Delinquent 0.048 600 Paid Off 0.032 610 Current 0.053 610 Delinquent 0.051 610 Paid Off 0.039 620 Current 0.058 620 Delinquent 0.04 620 Paid Off 0.055 630 Current 0.058 630 Delinquent 0.051 630 Paid Off 0.055 640 Current 0.06 640 Delinquent 0.048 640 Paid Off 0.051 650 Current 0.059 650 Delinquent 0.029 650 Paid Off 0.054 660 Current 0.05 660 Delinquent 0.031 660 Paid Off 0.04 670 Current 0.049 670 Delinquent 0.011 670 Paid Off 0.046 680 Current 0.039 680 Delinquent 0.015 680 Paid Off 0.05 690 Current 0.038 690 Delinquent 0.011 690 Paid Off 0.053 700 Current 0.031 700 Delinquent 0.013 700 Paid Off 0.035 710 Current 0.028 710 Delinquent 0.013 710 Paid Off 0.03 720 Current 0.024 720 Delinquent 0.002 720 Paid Off 0.022 730 Current 0.022 730 Delinquent 0.002 730 Paid Off 0.028 740 Current 0.019 740 Delinquent 0.007 740 Paid Off 0.021 750 Current 0.016 750 Delinquent 0.007 750 Paid Off 0.023 760 Current 0.014 760 Delinquent 0.002 760 Paid Off 0.022 770 Current 0.012 770 Paid Off 0.007 780 Current 0.007 780 Paid Off 0.005 790 Current 0.005 790 Delinquent 0.004 790 Paid Off 0.004 800 Current 0.002 800 Paid Off 0.002 810 Current 0.001 820 Current 0 Status # of Loans Average Std. Deviation Current 11,007 629 70.988 Delinquent 454 582 59.014 Paid Off 1,294 630 73.034 Total: 12,755 SAIL 2004-6 Loan-to-Value Distribution by Status Mortgage Data Through: October 31, 2004 LTV Delinquency Percentage 0 Current 0 0 Paid Off 0.002 0.1 Paid Off 0.051 0.1 Current 0.033 0.1 Delinquent 0.002 0.2 Current 0.082 0.2 Delinquent 0.04 0.2 Paid Off 0.103 0.3 Paid Off 0.007 0.3 Current 0.005 0.4 Delinquent 0.013 0.4 Current 0.01 0.4 Paid Off 0.015 0.5 Paid Off 0.023 0.5 Delinquent 0.029 0.5 Current 0.025 0.6 Paid Off 0.042 0.6 Delinquent 0.037 0.6 Current 0.05 0.7 Current 0.106 0.7 Delinquent 0.152 0.7 Paid Off 0.11 0.8 Delinquent 0.352 0.8 Current 0.345 0.8 Paid Off 0.357 0.9 Delinquent 0.264 0.9 Current 0.238 0.9 Paid Off 0.205 1 Current 0.105 1 Paid Off 0.085 1 Delinquent 0.11 Status # of Loans Average Std. Deviation Current 11,007 1.458 0.468 Delinquent 454 1.551 0.332 Paid Off 1,294 1.39 0.513 Total: 12,755 SAIL 2004-6 Balance Distribution by Status Mortgage Data Through: October 31, 2004 BalanceDelinquency Percentage 0 Current 0 10000 Current 0.009 20000 Current 0.027 20000 Delinquent 0.007 30000 Current 0.033 30000 Delinquent 0.009 40000 Current 0.028 40000 Delinquent 0.029 50000 Current 0.042 50000 Delinquent 0.055 60000 Current 0.042 60000 Delinquent 0.046 70000 Current 0.041 70000 Delinquent 0.075 80000 Current 0.045 80000 Delinquent 0.057 90000 Current 0.039 90000 Delinquent 0.059 100000 Current 0.042 100000 Delinquent 0.044 110000 Current 0.045 110000 Delinquent 0.051 120000 Current 0.044 120000 Delinquent 0.031 130000 Current 0.039 130000 Delinquent 0.04 140000 Current 0.042 140000 Delinquent 0.04 150000 Current 0.041 150000 Delinquent 0.033 160000 Current 0.038 160000 Delinquent 0.033 170000 Current 0.034 170000 Delinquent 0.053 180000 Current 0.033 180000 Delinquent 0.018 190000 Current 0.029 190000 Delinquent 0.024 200000 Current 0.027 200000 Delinquent 0.031 210000 Current 0.026 210000 Delinquent 0.02 220000 Current 0.022 220000 Delinquent 0.02 230000 Current 0.017 230000 Delinquent 0.018 240000 Current 0.018 240000 Delinquent 0.011 250000 Current 0.018 250000 Delinquent 0.018 260000 Current 0.016 260000 Delinquent 0.022 270000 Current 0.015 270000 Delinquent 0.011 280000 Current 0.011 280000 Delinquent 0.018 290000 Current 0.012 290000 Delinquent 0.015 300000 Current 0.013 300000 Delinquent 0.009 310000 Current 0.008 310000 Delinquent 0.009 320000 Current 0.01 320000 Delinquent 0.011 330000 Current 0.009 330000 Delinquent 0.009 340000 Current 0.008 340000 Delinquent 0.007 350000 Current 0.008 350000 Delinquent 0.011 360000 Current 0.006 360000 Delinquent 0.009 370000 Current 0.006 370000 Delinquent 0.002 380000 Current 0.005 380000 Delinquent 0.009 390000 Current 0.005 390000 Delinquent 0.007 400000 Current 0.005 400000 Delinquent 0.009 410000 Current 0.004 410000 Delinquent 0.002 420000 Current 0.005 430000 Current 0.004 430000 Delinquent 0.004 440000 Current 0.003 440000 Delinquent 0.004 450000 Current 0.004 460000 Current 0.002 470000 Current 0.003 480000 Current 0.002 490000 Current 0.001 500000 Current 0.002 500000 Delinquent 0.004 510000 Current 0.001 520000 Current 0.001 530000 Current 0.001 540000 Current 0.001 550000 Current 0.001 550000 Delinquent 0.002 560000 Current 0.001 560000 Delinquent 0.002 570000 Current 0.001 580000 Current 0.001 580000 Delinquent 0.002 590000 Current 0.001 600000 Current 0 600000 Delinquent 0.002 610000 Current 0 620000 Current 0 630000 Current 0 640000 Current 0 650000 Current 0 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 790000 Current 0 900000 Current 0 920000 Current 0 940000 Current 0 Status # of Loans AverageStd. Deviation Current 11,007 163,666.30 111,661.81 Delinquent 454 160,693.00 104,617.85 Total: 11,461 SAIL 2004-6 Mortgage Type Distribution by Status Mortgage Data Through: October 31, 2004 Mortgage Type Delinquency Percentage Investment HomeCurrent 0.169 Investment HomeDelinquent 0.106 Investment HomePaid Off 0.206 Primary Home Current 0.818 Primary Home Delinquent 0.888 Primary Home Paid Off 0.781 Second Home Current 0.013 Second Home Delinquent 0.007 Second Home Paid Off 0.014 Mortgage Type Loan Count Total Balance Avg. Balance Std. Deviation ARM 8,847 1,442,200,453.90 163,015.76 116,598.75 Fixed 3,908 432,229,156.26 110,601.11 108,008.79 Total: 12,755 1,874,429,610.16 SAIL 2004-6 Mortgage Term Distribution by Status Mortgage Data Through: October 31, 2004 Mortgage Term Delinquency Percentage 0 Current 0 120 Current 0.001 180 Current 0.083 180 Delinquent 0.013 180 Paid Off 0.094 240 Paid Off 0.043 240 Delinquent 0.029 240 Current 0.036 300 Current 0 360 Current 0.88 360 Delinquent 0.958 360 Paid Off 0.863 # 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: October 31, 2004 Origination Statistics Current Loans Number of Loans: 13,714 Number of Loans: 11,007 Purpose Number Percentage Purpose Number Percentage Cash-out refinance 6,846 49.9% Cash-out refinance 5,578 50.7% Purchase 5,522 40.3% Purchase 4,436 40.3% Rate/term 1,290 9.4% Rate/term 943 8.6% Home 38 0.3% Home 35 0.3% Other 18 0.1% Other 15 0.1% Total 13,714 100% Total 11,007 100% Delinquent Loans Paid Off Loans Number of Loans: 454 Number of Loans: 1,294 Purpose Number Percentage Purpose Number Percentage Cash-out refinance 245 54.0% Cash-out refinance 666 51.5% Purchase 175 38.5% Purchase 517 40.0% Rate/term 32 7.0% Rate/term 107 8.3% Home 0 0.0% Home 3 0.2% Other 2 0.4% Other 1 0.1% Total 454 100% Total 1,294 100% SAIL 2004-6 Ownership Distribution by Status Mortgage Data Through: October 31, 2004 Ownership Type Delinquency Percentage Investment HomeCurrent 0.169 Investment HomeDelinquent 0.106 Investment HomePaid Off 0.206 Primary Home Current 0.818 Primary Home Delinquent 0.888 Primary Home Paid Off 0.781 Second Home Current 0.013 Second Home Delinquent 0.007 Second Home Paid Off 0.014 Title # of Loans Investment Home2,169 Primary Home 10,418 Second Home 168 Total: 12,755 SAIL 2004-6 Delinquent Count Over Time Mortgage Data Through: October 31, 2004 Total Count in Status AsOfDate 30 Days60 Days90 DaysForeclosure REO 31-Oct-04 229 91 28 104 2 30-Sep-04 191 66 20 74 0 31-Aug-04 170 71 23 30 0 31-Jul-04 170 38 9 11 0 30-Jun-04 71 11 1 5 0 SAIL 2004-6 Delinquent Balance Over Time Mortgage Data Through: October 31, 2004 Total Balance in Status AsOfDate 30 Days 60 Days 90 Days Foreclosure REO 31-Oct-04 $37,107,797 $14,653,722 $5,370,773 $15,558,279 $264,052 30-Sep-04 $31,961,146 $11,153,080 $3,173,709 $10,837,953 - 31-Aug-04 $28,618,831 $11,252,515 $3,823,981 $4,522,691 - 31-Jul-04 $27,652,482 $5,907,479 $1,646,620 $1,666,537 - 30-Jun-04 $11,480,702 $1,660,126 $256,328 $975,328 - SAIL 2004-6 Conditional Prepayment Rates Mortgage Data Through: October 31, 2004 Date 1 Distribution Date CPR 3-Month MA 6-Month MA 12-Month MA 31-Oct-04 25-Nov-04 33.73% 30.94% 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: October 31, 2004 Weighted Monthly Date Average Age Default Amt Default Rate CDR (F-R) SDA Curve SDA % 31-Oct-04 7.03 $264,052 0.01% 0.12% 0.14% 85% 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: 5.21 $52,810 0.00% 0.02% 0.10% 17% 2004 The Murrayhill Company. All Rights Reserved.
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