-----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, SEAfaAPFQ1Kw9MS8B+YMN/6S42FmgELMkHe1+LuncVP7x378qAHYBumDu+XHIQb9 SrwKAtxVPvn9/elauT1c9Q== 0001056404-04-004570.txt : 20041230 0001056404-04-004570.hdr.sgml : 20041230 20041230093309 ACCESSION NUMBER: 0001056404-04-004570 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 2004-8 CENTRAL INDEX KEY: 0001301922 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: 333-115858-10 FILM NUMBER: 041232517 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 sai04008_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 2004-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115858-10 54-6636579 Pooling and Servicing Agreement) (Commission 54-6636580 (State or other File Number) IRS EIN jurisdiction 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 2004-8 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 2004-8 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 2004-8 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: 12/28/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-8 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 2004-8 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 86358ELK0 SEN 2.45500% 344,149,060.00 727,540.67 11,470,658.19 A2 86358ELL8 SEN 2.45500% 322,386,914.16 681,534.89 8,397,906.46 A3 86358ELM6 SEN 2.40000% 549,778,512.37 1,136,208.93 19,500,110.49 A4 86358ELN4 SEN 2.68000% 126,652,000.00 292,284.67 0.00 A5 86358ELP9 SEN 2.33000% 547,356,653.29 1,098,210.31 30,186,477.51 A6 86358ELQ7 SEN 2.58000% 50,000,000.00 111,083.33 0.00 A7 86358ELR5 SEN 2.48000% 220,000,000.00 469,822.22 0.00 A8 86358ELS3 SEN 2.68000% 144,470,000.00 333,404.66 0.00 A9 86358ELT1 SEN 2.68000% 86,780,000.00 200,268.96 0.00 A10 86358ELU8 SEN 2.42000% 140,406,700.73 292,591.96 5,571,158.61 A11 86358ELV6 SEN 2.59000% 93,604,467.15 208,763.96 3,714,105.74 A12 86358ELW4 SEN 2.33000% 91,097,929.92 182,777.87 5,169,738.06 A13 86358ELX2 SEN 2.48000% 39,192,000.00 83,696.69 0.00 M1 86358ELZ7 MEZ 2.78000% 103,814,000.00 248,519.18 0.00 M2 86358EMA1 MEZ 2.80000% 95,163,000.00 229,448.57 0.00 M3 86358EMB9 MEZ 2.83000% 60,558,000.00 147,576.48 0.00 M4 86358EMC7 MEZ 3.18000% 51,907,000.00 142,138.67 0.00 M5 86358EMD5 MEZ 3.33000% 34,605,000.00 99,229.84 0.00 M6 86358EME3 MEZ 3.58000% 51,907,000.00 160,017.75 0.00 M7 86358EMF0 MEZ 4.03000% 43,256,000.00 150,110.34 0.00 M8 86358EMG8 MEZ 4.13000% 43,256,000.00 153,835.16 0.00 M9 86358EMH6 MEZ 4.68000% 34,605,000.00 139,458.15 0.00 B1 86358EMJ2 SUB 4.68000% 17,303,000.00 69,731.09 0.00 B2 86358EMK9 SUB 5.00000% 8,651,000.00 36,045.83 0.00 X SAI04008X RES 0.00000% 17,301,088.81 10,242,966.35 0.00 P SAI04008P SEN 0.00000% 100.00 1,216,111.01 0.00 R1 SAI0408R1 RES 0.00000% 0.00 0.00 0.00 R2 SAI0408R2 RES 0.00000% 0.00 0.00 0.00 Totals 3,318,200,426.43 18,853,377.54 84,010,155.06
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 332,678,401.81 12,198,198.86 0.00 A2 0.00 313,989,007.70 9,079,441.35 0.00 A3 0.00 530,278,401.88 20,636,319.42 0.00 A4 0.00 126,652,000.00 292,284.67 0.00 A5 0.00 517,170,175.78 31,284,687.82 0.00 A6 0.00 50,000,000.00 111,083.33 0.00 A7 0.00 220,000,000.00 469,822.22 0.00 A8 0.00 144,470,000.00 333,404.66 0.00 A9 0.00 86,780,000.00 200,268.96 0.00 A10 0.00 134,835,542.12 5,863,750.57 0.00 A11 0.00 89,890,361.41 3,922,869.70 0.00 A12 0.00 85,928,191.86 5,352,515.93 0.00 A13 0.00 39,192,000.00 83,696.69 0.00 M1 0.00 103,814,000.00 248,519.18 0.00 M2 0.00 95,163,000.00 229,448.57 0.00 M3 0.00 60,558,000.00 147,576.48 0.00 M4 0.00 51,907,000.00 142,138.67 0.00 M5 0.00 34,605,000.00 99,229.84 0.00 M6 0.00 51,907,000.00 160,017.75 0.00 M7 0.00 43,256,000.00 150,110.34 0.00 M8 0.00 43,256,000.00 153,835.16 0.00 M9 0.00 34,605,000.00 139,458.15 0.00 B1 0.00 17,303,000.00 69,731.09 0.00 B2 0.00 8,651,000.00 36,045.83 0.00 X 0.00 17,301,088.81 10,242,966.35 0.00 P 0.00 100.00 1,216,111.01 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 3,234,190,271.37 102,863,532.60 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A1 357,189,000.00 344,149,060.00 0.00 11,470,658.19 0.00 0.00 A2 344,855,000.00 322,386,914.16 0.00 8,397,906.46 0.00 0.00 A3 580,000,000.00 549,778,512.37 0.00 19,500,110.49 0.00 0.00 A4 126,652,000.00 126,652,000.00 0.00 0.00 0.00 0.00 A5 599,015,000.00 547,356,653.29 0.00 30,186,477.51 0.00 0.00 A6 50,000,000.00 50,000,000.00 0.00 0.00 0.00 0.00 A7 220,000,000.00 220,000,000.00 0.00 0.00 0.00 0.00 A8 144,470,000.00 144,470,000.00 0.00 0.00 0.00 0.00 A9 86,780,000.00 86,780,000.00 0.00 0.00 0.00 0.00 A10 150,000,000.00 140,406,700.73 0.00 5,571,158.61 0.00 0.00 A11 100,000,000.00 93,604,467.15 0.00 3,714,105.74 0.00 0.00 A12 100,000,000.00 91,097,929.92 0.00 5,169,738.06 0.00 0.00 A13 39,192,000.00 39,192,000.00 0.00 0.00 0.00 0.00 M1 103,814,000.00 103,814,000.00 0.00 0.00 0.00 0.00 M2 95,163,000.00 95,163,000.00 0.00 0.00 0.00 0.00 M3 60,558,000.00 60,558,000.00 0.00 0.00 0.00 0.00 M4 51,907,000.00 51,907,000.00 0.00 0.00 0.00 0.00 M5 34,605,000.00 34,605,000.00 0.00 0.00 0.00 0.00 M6 51,907,000.00 51,907,000.00 0.00 0.00 0.00 0.00 M7 43,256,000.00 43,256,000.00 0.00 0.00 0.00 0.00 M8 43,256,000.00 43,256,000.00 0.00 0.00 0.00 0.00 M9 34,605,000.00 34,605,000.00 0.00 0.00 0.00 0.00 B1 17,303,000.00 17,303,000.00 0.00 0.00 0.00 0.00 B2 8,651,000.00 8,651,000.00 0.00 0.00 0.00 0.00 X 17,301,088.81 17,301,088.81 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 100.00 100.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 Totals 3,460,479,288.81 3,318,200,526.43 0.00 84,010,155.06 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A1 11,470,658.19 332,678,401.81 0.93137919 11,470,658.19 A2 8,397,906.46 313,989,007.70 0.91049574 8,397,906.46 A3 19,500,110.49 530,278,401.88 0.91427311 19,500,110.49 A4 0.00 126,652,000.00 1.00000000 0.00 A5 30,186,477.51 517,170,175.78 0.86336765 30,186,477.51 A6 0.00 50,000,000.00 1.00000000 0.00 A7 0.00 220,000,000.00 1.00000000 0.00 A8 0.00 144,470,000.00 1.00000000 0.00 A9 0.00 86,780,000.00 1.00000000 0.00 A10 5,571,158.61 134,835,542.12 0.89890361 5,571,158.61 A11 3,714,105.74 89,890,361.41 0.89890361 3,714,105.74 A12 5,169,738.06 85,928,191.86 0.85928192 5,169,738.06 A13 0.00 39,192,000.00 1.00000000 0.00 M1 0.00 103,814,000.00 1.00000000 0.00 M2 0.00 95,163,000.00 1.00000000 0.00 M3 0.00 60,558,000.00 1.00000000 0.00 M4 0.00 51,907,000.00 1.00000000 0.00 M5 0.00 34,605,000.00 1.00000000 0.00 M6 0.00 51,907,000.00 1.00000000 0.00 M7 0.00 43,256,000.00 1.00000000 0.00 M8 0.00 43,256,000.00 1.00000000 0.00 M9 0.00 34,605,000.00 1.00000000 0.00 B1 0.00 17,303,000.00 1.00000000 0.00 B2 0.00 8,651,000.00 1.00000000 0.00 X 0.00 17,301,088.81 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 Totals 84,010,155.06 3,234,190,371.37 0.93460764 84,010,155.06
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 357,189,000.00 963.49288472 0.00000000 32.11369384 0.00000000 A2 344,855,000.00 934.84773067 0.00000000 24.35199275 0.00000000 A3 580,000,000.00 947.89398684 0.00000000 33.62088016 0.00000000 A4 126,652,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A5 599,015,000.00 913.76118009 0.00000000 50.39352522 0.00000000 A6 50,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A7 220,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A8 144,470,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A9 86,780,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A10 150,000,000.00 936.04467153 0.00000000 37.14105740 0.00000000 A11 100,000,000.00 936.04467150 0.00000000 37.14105740 0.00000000 A12 100,000,000.00 910.97929920 0.00000000 51.69738060 0.00000000 A13 39,192,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 103,814,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 95,163,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 60,558,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 51,907,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 34,605,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 51,907,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 43,256,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 43,256,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 34,605,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 17,303,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 8,651,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 17,301,088.81 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 Denomination except for Classes P and X which are per $100 Denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 32.11369384 931.37919088 0.93137919 32.11369384 A2 0.00000000 24.35199275 910.49573792 0.91049574 24.35199275 A3 0.00000000 33.62088016 914.27310669 0.91427311 33.62088016 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A5 0.00000000 50.39352522 863.36765487 0.86336765 50.39352522 A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A10 0.00000000 37.14105740 898.90361413 0.89890361 37.14105740 A11 0.00000000 37.14105740 898.90361410 0.89890361 37.14105740 A12 0.00000000 51.69738060 859.28191860 0.85928192 51.69738060 A13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A1 357,189,000.00 2.45500% 344,149,060.00 727,540.67 0.00 0.00 A2 344,855,000.00 2.45500% 322,386,914.16 681,534.89 0.00 0.00 A3 580,000,000.00 2.40000% 549,778,512.37 1,136,208.93 0.00 0.00 A4 126,652,000.00 2.68000% 126,652,000.00 292,284.67 0.00 0.00 A5 599,015,000.00 2.33000% 547,356,653.29 1,098,210.31 0.00 0.00 A6 50,000,000.00 2.58000% 50,000,000.00 111,083.33 0.00 0.00 A7 220,000,000.00 2.48000% 220,000,000.00 469,822.22 0.00 0.00 A8 144,470,000.00 2.68000% 144,470,000.00 333,404.66 0.00 0.00 A9 86,780,000.00 2.68000% 86,780,000.00 200,268.96 0.00 0.00 A10 150,000,000.00 2.42000% 140,406,700.73 292,591.96 0.00 0.00 A11 100,000,000.00 2.59000% 93,604,467.15 208,763.96 0.00 0.00 A12 100,000,000.00 2.33000% 91,097,929.92 182,777.87 0.00 0.00 A13 39,192,000.00 2.48000% 39,192,000.00 83,696.69 0.00 0.00 M1 103,814,000.00 2.78000% 103,814,000.00 248,519.18 0.00 0.00 M2 95,163,000.00 2.80000% 95,163,000.00 229,448.57 0.00 0.00 M3 60,558,000.00 2.83000% 60,558,000.00 147,576.48 0.00 0.00 M4 51,907,000.00 3.18000% 51,907,000.00 142,138.67 0.00 0.00 M5 34,605,000.00 3.33000% 34,605,000.00 99,229.84 0.00 0.00 M6 51,907,000.00 3.58000% 51,907,000.00 160,017.75 0.00 0.00 M7 43,256,000.00 4.03000% 43,256,000.00 150,110.34 0.00 0.00 M8 43,256,000.00 4.13000% 43,256,000.00 153,835.16 0.00 0.00 M9 34,605,000.00 4.68000% 34,605,000.00 139,458.15 0.00 0.00 B1 17,303,000.00 4.68000% 17,303,000.00 69,731.09 0.00 0.00 B2 8,651,000.00 5.00000% 8,651,000.00 36,045.83 0.00 0.00 X 17,301,088.81 0.00000% 3,318,200,426.43 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 3,460,479,188.81 7,394,300.18 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A1 0.00 0.00 727,540.67 0.00 332,678,401.81 A2 0.00 0.00 681,534.89 0.00 313,989,007.70 A3 0.00 0.00 1,136,208.93 0.00 530,278,401.88 A4 0.00 0.00 292,284.67 0.00 126,652,000.00 A5 0.00 0.00 1,098,210.31 0.00 517,170,175.78 A6 0.00 0.00 111,083.33 0.00 50,000,000.00 A7 0.00 0.00 469,822.22 0.00 220,000,000.00 A8 0.00 0.00 333,404.66 0.00 144,470,000.00 A9 0.00 0.00 200,268.96 0.00 86,780,000.00 A10 0.00 0.00 292,591.96 0.00 134,835,542.12 A11 0.00 0.00 208,763.96 0.00 89,890,361.41 A12 0.00 0.00 182,777.87 0.00 85,928,191.86 A13 0.00 0.00 83,696.69 0.00 39,192,000.00 M1 0.00 0.00 248,519.18 0.00 103,814,000.00 M2 0.00 0.00 229,448.57 0.00 95,163,000.00 M3 0.00 0.00 147,576.48 0.00 60,558,000.00 M4 0.00 0.00 142,138.67 0.00 51,907,000.00 M5 0.00 0.00 99,229.84 0.00 34,605,000.00 M6 0.00 0.00 160,017.75 0.00 51,907,000.00 M7 0.00 0.00 150,110.34 0.00 43,256,000.00 M8 0.00 0.00 153,835.16 0.00 43,256,000.00 M9 0.00 0.00 139,458.15 0.00 34,605,000.00 B1 0.00 0.00 69,731.09 0.00 17,303,000.00 B2 0.00 0.00 36,045.83 0.00 8,651,000.00 X 0.00 0.00 10,242,966.35 0.00 3,234,190,271.37 P 0.00 0.00 1,216,111.01 0.00 100.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 18,853,377.54 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A1 357,189,000.00 2.45500% 963.49288472 2.03685071 0.00000000 0.00000000 A2 344,855,000.00 2.45500% 934.84773067 1.97629407 0.00000000 0.00000000 A3 580,000,000.00 2.40000% 947.89398684 1.95898091 0.00000000 0.00000000 A4 126,652,000.00 2.68000% 1000.00000000 2.30777777 0.00000000 0.00000000 A5 599,015,000.00 2.33000% 913.76118009 1.83336028 0.00000000 0.00000000 A6 50,000,000.00 2.58000% 1000.00000000 2.22166660 0.00000000 0.00000000 A7 220,000,000.00 2.48000% 1000.00000000 2.13555555 0.00000000 0.00000000 A8 144,470,000.00 2.68000% 1000.00000000 2.30777781 0.00000000 0.00000000 A9 86,780,000.00 2.68000% 1000.00000000 2.30777783 0.00000000 0.00000000 A10 150,000,000.00 2.42000% 936.04467153 1.95061307 0.00000000 0.00000000 A11 100,000,000.00 2.59000% 936.04467150 2.08763960 0.00000000 0.00000000 A12 100,000,000.00 2.33000% 910.97929920 1.82777870 0.00000000 0.00000000 A13 39,192,000.00 2.48000% 1000.00000000 2.13555547 0.00000000 0.00000000 M1 103,814,000.00 2.78000% 1000.00000000 2.39388888 0.00000000 0.00000000 M2 95,163,000.00 2.80000% 1000.00000000 2.41111115 0.00000000 0.00000000 M3 60,558,000.00 2.83000% 1000.00000000 2.43694442 0.00000000 0.00000000 M4 51,907,000.00 3.18000% 1000.00000000 2.73833337 0.00000000 0.00000000 M5 34,605,000.00 3.33000% 1000.00000000 2.86750007 0.00000000 0.00000000 M6 51,907,000.00 3.58000% 1000.00000000 3.08277785 0.00000000 0.00000000 M7 43,256,000.00 4.03000% 1000.00000000 3.47027788 0.00000000 0.00000000 M8 43,256,000.00 4.13000% 1000.00000000 3.55638894 0.00000000 0.00000000 M9 34,605,000.00 4.68000% 1000.00000000 4.03000000 0.00000000 0.00000000 B1 17,303,000.00 4.68000% 1000.00000000 4.03000000 0.00000000 0.00000000 B2 8,651,000.00 5.00000% 1000.00000000 4.16666628 0.00000000 0.00000000 X 17,301,088.81 0.00000% 191791.42208160 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 Denomination except for Classes P and X which are per $100 Denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A1 0.00000000 0.00000000 2.03685071 0.00000000 931.37919088 A2 0.00000000 0.00000000 1.97629407 0.00000000 910.49573792 A3 0.00000000 0.00000000 1.95898091 0.00000000 914.27310669 A4 0.00000000 0.00000000 2.30777777 0.00000000 1000.00000000 A5 0.00000000 0.00000000 1.83336028 0.00000000 863.36765487 A6 0.00000000 0.00000000 2.22166660 0.00000000 1000.00000000 A7 0.00000000 0.00000000 2.13555555 0.00000000 1000.00000000 A8 0.00000000 0.00000000 2.30777781 0.00000000 1000.00000000 A9 0.00000000 0.00000000 2.30777783 0.00000000 1000.00000000 A10 0.00000000 0.00000000 1.95061307 0.00000000 898.90361413 A11 0.00000000 0.00000000 2.08763960 0.00000000 898.90361410 A12 0.00000000 0.00000000 1.82777870 0.00000000 859.28191860 A13 0.00000000 0.00000000 2.13555547 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.39388888 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.41111115 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.43694442 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.73833337 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.86750007 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.08277785 0.00000000 1000.00000000 M7 0.00000000 0.00000000 3.47027788 0.00000000 1000.00000000 M8 0.00000000 0.00000000 3.55638894 0.00000000 1000.00000000 M9 0.00000000 0.00000000 4.03000000 0.00000000 1000.00000000 B1 0.00000000 0.00000000 4.03000000 0.00000000 1000.00000000 B2 0.00000000 0.00000000 4.16666628 0.00000000 1000.00000000 X 0.00000000 0.00000000 592.04171844 0.00000000 186935.64936217 P 0.00000000 0.00000000 12161110.10000000 0.00000000 1000.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 105,174,591.41 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 105,174,591.41 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 2,311,058.81 Payment of Interest and Principal 102,863,532.60 Total Withdrawals (Pool Distribution Amount) 105,174,591.41 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 1,199,742.09 Credit Risk Manager's Fee 41,477.51 PMI Insurance Premium Fee 1,067,074.06 Securities Administrator Fee 2,765.15 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2,311,058.81
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 494,106.07 494,106.07 1,000.00
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 21 0 0 21 2,821,208.27 0.00 0.00 2,821,208.27 30 Days 291 0 0 0 291 47,705,093.01 0.00 0.00 0.00 47,705,093.01 60 Days 165 8 58 1 232 29,235,121.11 805,695.16 8,109,873.73 51,902.84 38,202,592.84 90 Days 22 0 15 1 38 4,651,104.56 0.00 1,760,912.93 49,457.87 6,461,475.36 120 Days 3 1 7 0 11 649,148.07 52,940.36 1,263,882.78 0.00 1,965,971.21 150 Days 0 0 2 0 2 0.00 0.00 415,472.68 0.00 415,472.68 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 481 30 82 2 595 82,240,466.75 3,679,843.79 11,550,142.12 101,360.71 97,571,813.37 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 0.111566% 0.000000% 0.000000% 0.111566% 0.087167% 0.000000% 0.000000% 0.087167% 30 Days 1.545981% 0.000000% 0.000000% 0.000000% 1.545981% 1.473940% 0.000000% 0.000000% 0.000000% 1.473940% 60 Days 0.876587% 0.042501% 0.308134% 0.005313% 1.232535% 0.903275% 0.024893% 0.250570% 0.001604% 1.180342% 90 Days 0.116878% 0.000000% 0.079690% 0.005313% 0.201881% 0.143705% 0.000000% 0.054407% 0.001528% 0.199640% 120 Days 0.015938% 0.005313% 0.037189% 0.000000% 0.058439% 0.020057% 0.001636% 0.039050% 0.000000% 0.060742% 150 Days 0.000000% 0.000000% 0.010625% 0.000000% 0.010625% 0.000000% 0.000000% 0.012837% 0.000000% 0.012837% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.555384% 0.159379% 0.435637% 0.010625% 3.161026% 2.540977% 0.113696% 0.356864% 0.003132% 3.014668%
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 1 0 0 1 96,357.69 0.00 0.00 96,357.69 30 Days 3 0 0 0 3 257,610.43 0.00 0.00 0.00 257,610.43 60 Days 5 0 1 0 6 523,335.72 0.00 154,158.02 0.00 677,493.74 90 Days 0 0 2 0 2 0.00 0.00 363,138.90 0.00 363,138.90 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 8 1 3 0 12 780,946.15 96,357.69 517,296.92 0.00 1,394,600.76 0-29 Days 0.151745% 0.000000% 0.000000% 0.151745% 0.102044% 0.000000% 0.000000% 0.102044% 30 Days 0.455235% 0.000000% 0.000000% 0.000000% 0.455235% 0.272813% 0.000000% 0.000000% 0.000000% 0.272813% 60 Days 0.758725% 0.000000% 0.151745% 0.000000% 0.910470% 0.554220% 0.000000% 0.163255% 0.000000% 0.717475% 90 Days 0.000000% 0.000000% 0.303490% 0.000000% 0.303490% 0.000000% 0.000000% 0.384569% 0.000000% 0.384569% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.213961% 0.151745% 0.455235% 0.000000% 1.820941% 0.827033% 0.102044% 0.547824% 0.000000% 1.476901% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5(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 2 0 0 2 224,703.53 0.00 0.00 224,703.53 30 Days 34 0 0 0 34 5,055,030.05 0.00 0.00 0.00 5,055,030.05 60 Days 19 1 14 0 34 4,201,969.99 55,823.78 2,376,032.06 0.00 6,633,825.83 90 Days 2 0 0 0 2 374,149.10 0.00 0.00 0.00 374,149.10 120 Days 0 0 2 0 2 0.00 0.00 489,399.08 0.00 489,399.08 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 55 3 16 0 74 9,631,149.14 280,527.31 2,865,431.14 0.00 12,777,107.59 0-29 Days 0.103466% 0.000000% 0.000000% 0.103466% 0.058813% 0.000000% 0.000000% 0.058813% 30 Days 1.758924% 0.000000% 0.000000% 0.000000% 1.758924% 1.323074% 0.000000% 0.000000% 0.000000% 1.323074% 60 Days 0.982928% 0.051733% 0.724263% 0.000000% 1.758924% 1.099799% 0.014611% 0.621889% 0.000000% 1.736298% 90 Days 0.103466% 0.000000% 0.000000% 0.000000% 0.103466% 0.097928% 0.000000% 0.000000% 0.000000% 0.097928% 120 Days 0.000000% 0.000000% 0.103466% 0.000000% 0.103466% 0.000000% 0.000000% 0.128092% 0.000000% 0.128092% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.845318% 0.155199% 0.827729% 0.000000% 3.828246% 2.520800% 0.073424% 0.749981% 0.000000% 3.344205% 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 3 0 0 3 403,857.62 0.00 0.00 403,857.62 30 Days 45 0 0 0 45 6,114,663.68 0.00 0.00 0.00 6,114,663.68 60 Days 15 0 8 0 23 2,517,069.61 0.00 1,135,430.80 0.00 3,652,500.41 90 Days 0 0 2 0 2 0.00 0.00 201,182.29 0.00 201,182.29 120 Days 0 0 1 0 1 0.00 0.00 81,545.80 0.00 81,545.80 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 60 3 11 0 74 8,631,733.29 403,857.62 1,418,158.89 0.00 10,453,749.80 0-29 Days 0.150451% 0.000000% 0.000000% 0.150451% 0.131168% 0.000000% 0.000000% 0.131168% 30 Days 2.256770% 0.000000% 0.000000% 0.000000% 2.256770% 1.985964% 0.000000% 0.000000% 0.000000% 1.985964% 60 Days 0.752257% 0.000000% 0.401204% 0.000000% 1.153460% 0.817512% 0.000000% 0.368773% 0.000000% 1.186285% 90 Days 0.000000% 0.000000% 0.100301% 0.000000% 0.100301% 0.000000% 0.000000% 0.065341% 0.000000% 0.065341% 120 Days 0.000000% 0.000000% 0.050150% 0.000000% 0.050150% 0.000000% 0.000000% 0.026485% 0.000000% 0.026485% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.009027% 0.150451% 0.551655% 0.000000% 3.711133% 2.803476% 0.131168% 0.460600% 0.000000% 3.395243% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 324,979.66 0.00 0.00 0.00 324,979.66 60 Days 3 0 0 0 3 567,881.09 0.00 0.00 0.00 567,881.09 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5 0 0 0 5 892,860.75 0.00 0.00 0.00 892,860.75 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.328947% 0.000000% 0.000000% 0.000000% 0.328947% 0.338160% 0.000000% 0.000000% 0.000000% 0.338160% 60 Days 0.493421% 0.000000% 0.000000% 0.000000% 0.493421% 0.590913% 0.000000% 0.000000% 0.000000% 0.590913% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.822368% 0.000000% 0.000000% 0.000000% 0.822368% 0.929073% 0.000000% 0.000000% 0.000000% 0.929073% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 28 0 0 0 28 4,036,599.98 0.00 0.00 0.00 4,036,599.98 60 Days 21 2 11 0 34 3,156,642.26 177,443.93 1,166,884.61 0.00 4,500,970.80 90 Days 2 0 2 0 4 427,513.90 0.00 162,616.88 0.00 590,130.78 120 Days 0 0 1 0 1 0.00 0.00 106,137.90 0.00 106,137.90 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 51 2 14 0 67 7,620,756.14 177,443.93 1,435,639.39 0.00 9,233,839.46 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.565120% 0.000000% 0.000000% 0.000000% 1.565120% 1.415889% 0.000000% 0.000000% 0.000000% 1.415889% 60 Days 1.173840% 0.111794% 0.614869% 0.000000% 1.900503% 1.107233% 0.062241% 0.409300% 0.000000% 1.578773% 90 Days 0.111794% 0.000000% 0.111794% 0.000000% 0.223589% 0.149956% 0.000000% 0.057040% 0.000000% 0.206996% 120 Days 0.000000% 0.000000% 0.055897% 0.000000% 0.055897% 0.000000% 0.000000% 0.037229% 0.000000% 0.037229% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.850755% 0.111794% 0.782560% 0.000000% 3.745109% 2.673078% 0.062241% 0.503569% 0.000000% 3.238887% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 3 0 0 3 302,025.24 0.00 0.00 302,025.24 30 Days 10 0 0 0 10 1,745,728.00 0.00 0.00 0.00 1,745,728.00 60 Days 7 1 2 0 10 723,844.68 80,406.08 123,786.13 0.00 928,036.89 90 Days 1 0 1 0 2 235,000.00 0.00 54,840.07 0.00 289,840.07 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 18 4 3 0 25 2,704,572.68 382,431.32 178,626.20 0.00 3,265,630.20 0-29 Days 0.222058% 0.000000% 0.000000% 0.222058% 0.162947% 0.000000% 0.000000% 0.162947% 30 Days 0.740192% 0.000000% 0.000000% 0.000000% 0.740192% 0.941846% 0.000000% 0.000000% 0.000000% 0.941846% 60 Days 0.518135% 0.074019% 0.148038% 0.000000% 0.740192% 0.390525% 0.043380% 0.066784% 0.000000% 0.500690% 90 Days 0.074019% 0.000000% 0.074019% 0.000000% 0.148038% 0.126786% 0.000000% 0.029587% 0.000000% 0.156373% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.332346% 0.296077% 0.222058% 0.000000% 1.850481% 1.459157% 0.206327% 0.096372% 0.000000% 1.761856% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 5 0 0 5 477,240.21 0.00 0.00 477,240.21 30 Days 60 0 0 0 60 9,372,744.76 0.00 0.00 0.00 9,372,744.76 60 Days 40 2 10 0 52 5,916,909.76 358,087.75 1,489,176.41 0.00 7,764,173.92 90 Days 3 0 3 0 6 569,958.41 0.00 291,845.40 0.00 861,803.81 120 Days 0 0 2 0 2 0.00 0.00 310,800.00 0.00 310,800.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 103 7 15 0 125 15,859,612.93 835,327.96 2,091,821.81 0.00 18,786,762.70 0-29 Days 0.128238% 0.000000% 0.000000% 0.128238% 0.078319% 0.000000% 0.000000% 0.078319% 30 Days 1.538856% 0.000000% 0.000000% 0.000000% 1.538856% 1.538147% 0.000000% 0.000000% 0.000000% 1.538147% 60 Days 1.025904% 0.051295% 0.256476% 0.000000% 1.333675% 0.971015% 0.058765% 0.244387% 0.000000% 1.274167% 90 Days 0.076943% 0.000000% 0.076943% 0.000000% 0.153886% 0.093535% 0.000000% 0.047894% 0.000000% 0.141429% 120 Days 0.000000% 0.000000% 0.051295% 0.000000% 0.051295% 0.000000% 0.000000% 0.051005% 0.000000% 0.051005% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.641703% 0.179533% 0.384714% 0.000000% 3.205950% 2.602698% 0.137084% 0.343286% 0.000000% 3.083068% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4(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 3 630,197.27 0.00 0.00 630,197.27 30 Days 23 0 0 0 23 1,985,905.51 0.00 0.00 0.00 1,985,905.51 60 Days 9 1 1 0 11 871,757.98 58,894.19 67,077.00 0.00 997,729.17 90 Days 3 0 1 0 4 141,000.00 0.00 45,534.09 0.00 186,534.09 120 Days 1 0 0 0 1 69,000.00 0.00 0.00 0.00 69,000.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 36 4 2 0 42 3,067,663.49 689,091.46 112,611.09 0.00 3,869,366.04 0-29 Days 0.144578% 0.000000% 0.000000% 0.144578% 0.235878% 0.000000% 0.000000% 0.235878% 30 Days 1.108434% 0.000000% 0.000000% 0.000000% 1.108434% 0.743309% 0.000000% 0.000000% 0.000000% 0.743309% 60 Days 0.433735% 0.048193% 0.048193% 0.000000% 0.530120% 0.326292% 0.022044% 0.025106% 0.000000% 0.373442% 90 Days 0.144578% 0.000000% 0.048193% 0.000000% 0.192771% 0.052775% 0.000000% 0.017043% 0.000000% 0.069818% 120 Days 0.048193% 0.000000% 0.000000% 0.000000% 0.048193% 0.025826% 0.000000% 0.000000% 0.000000% 0.025826% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.734940% 0.192771% 0.096386% 0.000000% 2.024096% 1.148202% 0.257922% 0.042149% 0.000000% 1.448273% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4(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 2 0 0 2 572,626.17 0.00 0.00 572,626.17 30 Days 79 0 0 0 79 17,974,840.96 0.00 0.00 0.00 17,974,840.96 60 Days 42 1 11 1 55 10,257,520.18 75,039.43 1,597,328.70 51,902.84 11,981,791.15 90 Days 10 0 2 0 12 2,806,632.82 0.00 290,237.27 0.00 3,096,870.09 120 Days 2 0 1 0 3 580,148.07 0.00 276,000.00 0.00 856,148.07 150 Days 0 0 2 0 2 0.00 0.00 415,472.68 0.00 415,472.68 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 133 3 16 1 153 31,619,142.03 647,665.60 2,579,038.65 51,902.84 34,897,749.12 0-29 Days 0.060588% 0.000000% 0.000000% 0.060588% 0.066442% 0.000000% 0.000000% 0.066442% 30 Days 2.393214% 0.000000% 0.000000% 0.000000% 2.393214% 2.085616% 0.000000% 0.000000% 0.000000% 2.085616% 60 Days 1.272342% 0.030294% 0.333232% 0.030294% 1.666162% 1.190177% 0.008707% 0.185338% 0.006022% 1.390244% 90 Days 0.302939% 0.000000% 0.060588% 0.000000% 0.363526% 0.325653% 0.000000% 0.033676% 0.000000% 0.359329% 120 Days 0.060588% 0.000000% 0.030294% 0.000000% 0.090882% 0.067314% 0.000000% 0.032024% 0.000000% 0.099339% 150 Days 0.000000% 0.000000% 0.060588% 0.000000% 0.060588% 0.000000% 0.000000% 0.048207% 0.000000% 0.048207% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 4.029082% 0.090882% 0.484702% 0.030294% 4.634959% 3.668760% 0.075148% 0.299245% 0.006022% 4.049176% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 0 0 2 114,200.54 0.00 0.00 114,200.54 30 Days 7 0 0 0 7 836,989.98 0.00 0.00 0.00 836,989.98 60 Days 4 0 0 0 4 498,189.84 0.00 0.00 0.00 498,189.84 90 Days 1 0 2 1 4 96,850.33 0.00 351,518.03 49,457.87 497,826.23 120 Days 0 1 0 0 1 0.00 52,940.36 0.00 0.00 52,940.36 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 3 2 1 18 1,432,030.15 167,140.90 351,518.03 49,457.87 2,000,146.95 0-29 Days 0.164745% 0.000000% 0.000000% 0.164745% 0.077549% 0.000000% 0.000000% 0.077549% 30 Days 0.576606% 0.000000% 0.000000% 0.000000% 0.576606% 0.568369% 0.000000% 0.000000% 0.000000% 0.568369% 60 Days 0.329489% 0.000000% 0.000000% 0.000000% 0.329489% 0.338302% 0.000000% 0.000000% 0.000000% 0.338302% 90 Days 0.082372% 0.000000% 0.164745% 0.082372% 0.329489% 0.065767% 0.000000% 0.238703% 0.033585% 0.338055% 120 Days 0.000000% 0.082372% 0.000000% 0.000000% 0.082372% 0.000000% 0.035950% 0.000000% 0.000000% 0.035950% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.988468% 0.247117% 0.164745% 0.082372% 1.482702% 0.972438% 0.113499% 0.238703% 0.033585% 1.358225%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.035333% Weighted Average Net Coupon 6.601456% Weighted Average Pass-Through Rate 6.214558% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 19,217 Number Of Loans Paid In Full 394 Ending Scheduled Collateral Loan Count 18,823 Beginning Scheduled Collateral Balance 3,318,200,426.43 Ending Scheduled Collateral Balance 3,234,190,271.37 Ending Actual Collateral Balance at 30-Nov-2004 3,236,569,335.59 Monthly P &I Constant 21,893,780.53 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 2,439,909.73 Unscheduled Principal 81,570,245.33
Miscellaneous Reporting Monthly Excess Cashflow 9,839,028.19 Overcollateralization Amount 17,301,188.81 Overcollateralization Deficiency 0.00 Targeted Overcollateralization Amount 17,301,188.81 Cap Payment 494,106.07
Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.101773 6.988908 6.778474 Weighted Average Net Rate 6.712993 6.601133 6.383272 Weighted Average Maturity 350 350 348 Beginning Loan Count 669 2,050 612 Loans Paid In Full 10 56 4 Ending Loan Count 659 1,994 608 Beginning Scheduled Balance 95,509,752.90 317,944,403.34 96,674,612.62 Ending scheduled Balance 94,343,716.07 307,639,781.98 96,010,867.16 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 660,865.69 2,109,580.36 651,037.92 Scheduled Principal 95,625.22 257,843.58 104,949.29 Unscheduled Principal 1,070,411.61 10,046,777.78 558,796.17 Scheduled Interest 565,240.47 1,851,736.78 546,088.63 Servicing Fees 30,943.57 102,742.50 31,838.38 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 79.59 264.95 80.56 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 29,964.29 102,094.46 28,351.79 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 504,253.02 1,646,634.87 485,817.90 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 6.335517 6.214803 6.030347
Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.053693 7.185541 6.990931 Weighted Average Net Rate 6.647528 6.795348 6.592345 Weighted Average Maturity 348 350 350 Beginning Loan Count 1,834 1,364 3,987 Loans Paid In Full 45 13 88 Ending Loan Count 1,789 1,351 3,899 Beginning Scheduled Balance 292,623,796.80 187,451,331.23 626,091,209.64 Ending scheduled Balance 284,889,635.80 185,185,926.69 608,856,503.69 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,922,172.43 1,304,816.28 4,145,734.98 Scheduled Principal 202,106.96 182,366.98 498,268.07 Unscheduled Principal 7,532,054.04 2,083,037.56 16,736,437.88 Scheduled Interest 1,720,065.47 1,122,449.30 3,647,466.91 Servicing Fees 99,044.81 60,951.75 207,959.18 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 243.85 156.21 521.74 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 78,177.82 45,273.90 194,291.04 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 1,542,598.99 1,016,067.44 3,244,694.95 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 6.325934 6.504520 6.218956
Group Level Collateral Statement Group 4(A) 4(B) 5(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.540071 6.840777 7.478003 Weighted Average Net Rate 7.082349 6.367948 7.009808 Weighted Average Maturity 344.00 344.00 342.00 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,963,382.43 5,536,231.57 1,083,598.44 Beginning Loan Count 2,103 3,379 1,242 Loans Paid In Full 28 78 28 Ending Loan Count 2,075 3,301 1,214 Beginning Scheduled Balance 272,392,808.65 886,080,047.57 150,381,304.40 Ending Scheduled Balance 266,947,922.63 861,338,456.08 147,131,383.10 Scheduled Principal 251,831.41 485,001.46 146,471.92 Unscheduled Principal 5,193,054.61 24,256,590.03 3,103,449.38 Scheduled Interest 1,711,551.02 5,051,230.11 937,126.52 Servicing Fee 103,900.26 349,137.04 58,673.09 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 226.99 738.40 125.32 Fry Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 69,859.46 343,136.85 42,827.28 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,537,564.31 4,358,217.82 835,500.83 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 6.773590 5.902245 6.667059
Group Level Collateral Statement Group 5(B) Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.024782 7.035333 Weighted Average Net Rate 6.552930 6.601456 Weighted Average Maturity 342.00 351.00 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 2,516,360.43 21,893,780.53 Beginning Loan Count 1,977 19,217 Loans Paid In Full 44 394 Ending Loan Count 1,933 18,823 Beginning Scheduled Balance 393,051,159.28 3,318,200,426.43 Ending Scheduled Balance 381,846,078.17 3,234,190,271.37 Scheduled Principal 215,444.84 2,439,909.73 Unscheduled Principal 10,989,636.27 81,570,245.33 Scheduled Interest 2,300,915.59 19,453,870.80 Servicing Fee 154,551.51 1,199,742.09 Master Servicing Fee 0.00 0.00 Trustee Fee 327.54 2,765.15 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 133,097.17 1,067,074.06 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 2,012,939.37 17,184,289.50 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 6.145580 6.214558
Ex 99.2
theMurrayhillcompany SAIL 2004-8 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 2004-8 Executive Summary November 2004 Transaction Summary Closing Date: 08/27/2004 Trustee(s): La Salle Bank 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 Delinquency Reporting Method: OTS1 Collateral Summary 2 10/31/2004 as a Percentage of Closing Date 10/31/2004 Closing Date Collateral Balance $3,443,178,000 $3,208,106,062 93.17% Loan Count 19,880 18,879 94.96% 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 49 $7,415,681 Early Payment Defaults** 237 $40,424,974 Multiple Loans to One Borrower 26 $3,718,958 *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 Total Outstanding Second Liens 943 $54,358,563 30 Days Delinquent 8 $415,904 60 Days Delinquent 6 $315,476 90+ Days Delinquent 2 $121,940 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 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. 11/25/2004 Remittance Delinquency 30 60 90+ FC REO Counts As reported on 386 48 6 48 1 remittance As reported by 287 67 29 57 1 servicers Difference 99 -19 -23 -9 0 c 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation of Prepayment Premiums for SAIL 2004-8 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 P Class $742,164 $525,820 $220,645 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 Servicer 25-Nov-04 25-Oct-04 25-Sep-04 TOTAL $742,164 $525,820 $253,715 Section 3: Reconciliation of the amount remitted to the P Class by the trustee and the amounts remitted by the servicers to the trustee. Amount remitted to the P Class: $742,164 Amount remitted by servicer: $742,164 Difference: $0 *In the 9/25/2004 remittance cycle, data received by Murrayhill from one of the servicers was incomplete; therefore, we were unable to reconcile the prepayment premiums. Murrayhill has contacted the master servicer and the securities administrator to determine the reason for the discrepancy. *In the 10/25/2004 remittance cycle, data received by Murrayhill from one of the servicers was incomplete. We received the corrected data in the 11/25/2004 remittance and were able to update the loan counts from last month. The updated data appears on the Aggregate Paid-Off Loans Report. Aggregate Paid-Off Loans Report for SAIL 2004-8 Mortgage Data Through: October 31, 2004 Trustee Remittance Date 25-Nov-04 25-Oct-04 25-Sep-04 Loans with Active Prepayment Flags with Premiums 142 102 51 Remitted (A) Loans without Prepayment Flags wtih Premiums Remitted 1 1 0 Total Loans with Remitted Premiums (B) 143 103 51 Loans with Active Prepayment Flags (C) 148 102 51 Loans without Prepayment Flags with Premiums Remitted 1 1 0 Subtotal (D) 149 103 51 Premiums Remitted for loans with Active Prepayment 95.9% 100.0% 100.0% Flags (A/C) Total Loans with Premiums Remitted to the Subtotal (B/D) 96.0% 100.0% 100.0% Total Paid-Off Loans (E) 291 202 118 Total Loans with Premiums Remitted to the Total Paid-Off 49.1% 51.0% 43.2% Loans (B/E) Paid-Off Loans Exception Report for SAIL 2004-8 Mortgage Data Through: October 31, 2004 Total Total Paid-Off Loans with Flags Less Exceptions: 149 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 Repurchased/Service Transferred Loans* 0 Loans that were Liquidated from REO* 0 Loans with Discrepancies between the Data File and the Note* 0 Defaulted Liquidated Loans that Could Not Have Collected Premiums because of the Acceleration of the Debt* 0 Loans that were Liquidated Through Loss Mitigation Efforts* Total Paid-Off Loans with Active Prepayment Flags (C) 1 148 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 2004-8 Mortgage Data Through: October 31, 2004 Delinquency Origination PPP Loan Number Exp. Date String Date Flag 5467303 CC0 2/17/2004 2 2/17/2006 5467090 CC0 4/6/2004 2 4/6/2006 5484635 CC0 5/11/2004 2 5/11/2006 5471250 CC0 7/1/2004 2 7/1/2006 5477928 CC0 4/30/2004 3 4/30/2007 5486459 CC0 7/9/2004 3 7/9/2007 5476302 330 2/23/2004 2 2/23/2006 5467083 CC0 4/8/2004 0 4/8/2004 5470748 CC0 6/29/2004 2 6/29/2004 5421301 CC0 2/4/2004 1 2/4/2005 5472541 CC0 3/29/2004 1 3/29/2005 5477966 CC0 5/5/2004 1 5/5/2005 5477987 CC0 5/5/2004 1 5/5/2005 5469718 CC0 6/15/2004 1 6/15/2005 5484768 CC0 9/29/2003 2 9/29/2005 5471916 CC0 10/14/2003 2 10/14/2005 5467051 CC0 1/21/2004 2 1/21/2006 5467306 CC0 1/27/2004 2 1/27/2006 5467749 CC0 3/2/2004 2 3/2/2006 5467640 CC0 3/5/2004 2 3/5/2006 5475683 CC0 3/10/2004 2 3/10/2006 5467568 CC0 3/11/2004 2 3/11/2006 5467949 CC0 3/16/2004 2 3/16/2006 5471834 CC0 3/18/2004 2 3/18/2006 5471820 C30 3/18/2004 2 3/18/2006 5472376 CC0 3/19/2004 2 3/19/2006 5471819 CC0 3/23/2004 2 3/23/2006 5472317 CC0 3/23/2004 2 3/23/2006 5468417 CC0 3/24/2004 2 3/24/2006 5471838 CC0 3/24/2004 2 3/24/2006 5471816 CC0 3/24/2004 2 3/24/2006 5473533 CC0 3/25/2004 2 3/25/2006 5472393 CC0 3/26/2004 2 3/26/2006 5472251 CC0 3/26/2004 2 3/26/2006 5472923 CC0 3/26/2004 2 3/26/2006 5468440 CC0 3/29/2004 2 3/29/2006 5473207 CC0 3/29/2004 2 3/29/2006 5468345 CC0 3/31/2004 2 3/31/2006 5467884 CC0 3/31/2004 2 3/31/2006 5473807 CC0 4/2/2004 2 4/2/2006 5468546 CC0 4/6/2004 2 4/6/2006 5467828 CC0 4/6/2004 2 4/6/2006 5478334 CC0 4/7/2004 2 4/7/2006 5473651 CC0 4/7/2004 2 4/7/2006 5473612 CC0 4/7/2004 2 4/7/2006 5474104 CC0 4/7/2004 2 4/7/2006 5468802 CC0 4/9/2004 2 4/9/2006 5473721 CC0 4/12/2004 2 4/12/2006 5475165 CC0 4/14/2004 2 4/14/2006 5468838 CC0 4/15/2004 2 4/15/2006 5473577 CC0 4/15/2004 2 4/15/2006 5475072 CC0 4/19/2004 2 4/19/2006 5475090 CC0 4/19/2004 2 4/19/2006 5475496 CC0 4/21/2004 2 4/21/2006 5475306 CC0 4/21/2004 2 4/21/2006 5476659 CC0 4/24/2004 2 4/24/2006 5468996 CC0 4/26/2004 2 4/26/2006 5475959 CC0 4/26/2004 2 4/26/2006 5475930 CC0 4/26/2004 2 4/26/2006 5475844 CC0 4/26/2004 2 4/26/2006 5468871 CC0 4/27/2004 2 4/27/2006 5479033 CC0 4/27/2004 2 4/27/2006 5473533 CC0 3/25/2004 2 3/25/2006 5472393 CC0 3/26/2004 2 3/26/2006 5472251 CC0 3/26/2004 2 3/26/2006 5472923 CC0 3/26/2004 2 3/26/2006 5468440 CC0 3/29/2004 2 3/29/2006 5473207 CC0 3/29/2004 2 3/29/2006 5468345 CC0 3/31/2004 2 3/31/2006 5467884 CC0 3/31/2004 2 3/31/2006 5473807 CC0 4/2/2004 2 4/2/2006 5468546 CC0 4/6/2004 2 4/6/2006 5467828 CC0 4/6/2004 2 4/6/2006 5478334 CC0 4/7/2004 2 4/7/2006 5473651 CC0 4/7/2004 2 4/7/2006 5473612 CC0 4/7/2004 2 4/7/2006 5474104 CC0 4/7/2004 2 4/7/2006 5468802 CC0 4/9/2004 2 4/9/2006 5473721 CC0 4/12/2004 2 4/12/2006 5475165 CC0 4/14/2004 2 4/14/2006 5468838 CC0 4/15/2004 2 4/15/2006 5473577 CC0 4/15/2004 2 4/15/2006 5475072 CC0 4/19/2004 2 4/19/2006 5475090 CC0 4/19/2004 2 4/19/2006 5475496 CC0 4/21/2004 2 4/21/2006 5475306 CC0 4/21/2004 2 4/21/2006 5476659 CC0 4/24/2004 2 4/24/2006 5468996 CC0 4/26/2004 2 4/26/2006 5475959 CC0 4/26/2004 2 4/26/2006 5475930 CC0 4/26/2004 2 4/26/2006 5475844 CC0 4/26/2004 2 4/26/2006 5468871 CC0 4/27/2004 2 4/27/2006 5479033 CC0 4/27/2004 2 4/27/2006 5475766 CC0 4/27/2004 2 4/27/2006 5476265 CC0 4/28/2004 2 4/28/2006 5477062 CC0 4/30/2004 2 4/30/2006 5476167 CC0 4/30/2004 2 4/30/2006 5476609 CC0 4/30/2004 2 4/30/2006 5476606 CC0 4/30/2004 2 4/30/2006 5475569 CC0 5/3/2004 2 5/3/2006 5477328 3C0 5/3/2004 2 5/3/2006 5477201 CC0 5/3/2004 2 5/3/2006 5475641 CC0 5/4/2004 2 5/4/2006 5478837 CC0 5/6/2004 2 5/6/2006 5478602 CC0 5/7/2004 2 5/7/2006 5473727 CC0 5/7/2004 2 5/7/2006 5477195 CC0 5/7/2004 2 5/7/2006 5478698 CC0 5/10/2004 2 5/10/2006 5478983 CC0 5/11/2004 2 5/11/2006 5485368 CC0 5/14/2004 2 5/14/2006 5484561 CC0 5/18/2004 2 5/18/2006 5485788 CC0 5/27/2004 2 5/27/2006 5485836 330 5/27/2004 2 5/27/2006 5485691 CC0 5/27/2004 2 5/27/2006 5479208 CC0 6/2/2004 2 6/2/2006 5479300 CC0 6/3/2004 2 6/3/2006 5479721 CC0 6/7/2004 2 6/7/2006 5479759 CC0 6/7/2004 2 6/7/2006 5480301 CC0 6/10/2004 2 6/10/2006 5480345 CC0 6/10/2004 2 6/10/2006 5480368 CC0 6/10/2004 2 6/10/2006 5480597 CC0 6/11/2004 2 6/11/2006 5480864 CC0 6/14/2004 2 6/14/2006 5481192 CC0 6/16/2004 2 6/16/2006 5481212 CC0 6/16/2004 2 6/16/2006 5485854 CC0 6/17/2004 2 6/17/2006 5485897 CC0 6/17/2004 2 6/17/2006 5481944 CC0 6/21/2004 2 6/21/2006 5482267 CC0 6/22/2004 2 6/22/2006 5469184 CC0 6/23/2004 2 6/23/2006 5482874 CC0 6/24/2004 2 6/24/2006 5471089 CC0 6/24/2004 2 6/24/2006 5470912 CC0 6/24/2004 2 6/24/2006 5482646 CC0 6/24/2004 2 6/24/2006 5469441 CC0 6/25/2004 2 6/25/2006 5482883 CC0 6/25/2004 2 6/25/2006 5483047 CC0 6/25/2004 2 6/25/2006 5485986 CC0 6/30/2004 2 6/30/2006 5471242 CC0 6/30/2004 2 6/30/2006 5484223 CC0 6/30/2004 2 6/30/2006 5484043 CC0 6/30/2004 2 6/30/2006 5484412 CC0 6/30/2004 2 6/30/2006 5484407 CC0 6/30/2004 2 6/30/2006 5484064 CC0 6/30/2004 2 6/30/2006 5484030 CC0 6/30/2004 2 6/30/2006 5470525 CC0 7/1/2004 2 7/1/2006 5470892 CC0 7/7/2004 2 7/7/2006 5470023 CC0 7/7/2004 2 7/7/2006 5471351 CC0 7/9/2004 2 7/9/2006 5484827 CC0 1/27/2004 3 1/27/2007 5467109 CC0 2/24/2004 3 2/24/2007 5467941 CC0 3/8/2004 3 3/8/2007 5472277 CC0 3/25/2004 3 3/25/2007 5468419 CC0 3/30/2004 3 3/30/2007 5472774 CC0 3/31/2004 3 3/31/2007 5475282 CC0 4/15/2004 3 4/15/2007 5475574 CC0 4/16/2004 3 4/16/2007 5478930 CC0 5/4/2004 3 5/4/2007 5478293 CC0 5/4/2004 3 5/4/2007 5477387 CC0 5/4/2004 3 5/4/2007 5477405 CC0 5/5/2004 3 5/5/2007 5478760 CC0 5/5/2004 3 5/5/2007 5478451 CC0 5/6/2004 3 5/6/2007 5478689 CC0 5/6/2004 3 5/6/2007 5485622 CC0 5/27/2004 3 5/27/2007 5479044 CC0 6/1/2004 3 6/1/2007 5480536 CC0 6/8/2004 3 6/8/2007 5480122 CC0 6/9/2004 3 6/9/2007 5480101 CC0 6/9/2004 3 6/9/2007 5480250 CC0 6/10/2004 3 6/10/2007 5482682 CC0 6/10/2004 3 6/10/2007 5480853 CC0 6/14/2004 3 6/14/2007 5481158 CC0 6/15/2004 3 6/15/2007 5481577 CC0 6/17/2004 3 6/17/2007 5469433 CC0 6/18/2004 3 6/18/2007 5483560 CC0 6/29/2004 3 6/29/2007 5483872 CC0 6/30/2004 3 6/30/2007 5484245 CC0 6/30/2004 3 6/30/2007 5484482 CC0 6/30/2004 3 6/30/2007 5484129 CC0 6/30/2004 3 6/30/2007 5486274 CC0 7/16/2004 3 7/16/2007 Paid-Off Loans With Prepayment Flags for SAIL 2004-8 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 5467303 $ 81,533 $ - 0% 5467303 Awaiting servicer's response 5467090 $ 11,561 $ - 0% 5467090 Awaiting servicer's response 5484635 $ 432,250 $ - 0% 5484635 Awaiting servicer's response 5471250 $ 49,957 $ - 0% 5471250 Awaiting servicer's response 5477928 $ 164,289 $ - 0% 5477928 Awaiting servicer's response 5486459 $ 472,500 $ - 0% 5486459 Awaiting servicer's response 5476302 $ 254,618 $ - 0% 5476302 Liquidated through loss mitigation 5467083 $ 268,646 $ 3,651 1% 5467083 5470748 $ 225,000 $ 5,841 3% 5421301 $ 147,757 $ 2,361 2% 5472541 $ 121,520 $ 3,982 3% 5477966 $ 155,306 $ 3,110 2% 5477987 $ 103,937 $ 2,079 2% 5469718 $ 628,910 $ 16,930 3% 5484768 $ 43,720 $ 523 1% 5471916 $ 89,340 $ 894 1% 5467051 $ 101,579 $ 3,815 4% 5467306 $ 152,998 $ 4,829 3% 5467749 $ 136,498 $ 3,710 3% 5467640 $ 596,000 $ 11,324 2% 5475683 $ 123,515 $ 2,470 2% 5467568 $ 298,395 $ 8,048 3% 5467949 $ 179,310 $ 5,302 3% 5471834 $ 198,502 $ 5,549 3% 5471820 $ 100,529 $ 4,425 4% 5472376 $ 199,212 $ 6,528 3% 5471819 $ 177,667 $ 5,509 3% 5472317 $ 59,595 $ 1,653 3% 5468417 $ 358,751 $ 11,327 3% 5471838 $ 278,466 $ 9,474 3% 5471816 $ 179,561 $ 7,545 4% 5473533 $ 259,294 $ 10,360 4% 5472393 $ 445,344 $ 11,773 3% 5472251 $ 194,144 $ 5,945 3% 5472923 $ 147,839 $ 4,347 3% 5468440 $ 138,850 $ 4,023 3% 5473207 $ 95,477 $ 2,826 3% 5468345 $ 156,978 $ 1,217 1% 5467884 $ 135,563 $ 1,075 1% 5473807 $ 199,057 $ 6,290 3% 5468546 $ 80,445 $ 808 1% 5467828 $ 64,351 $ 515 1% 5478334 $ 329,547 $ 6,597 2% 5473651 $ 199,652 $ 5,510 3% 5473612 $ 196,424 $ 5,225 3% 5474104 $ 50,185 $ 1,486 3% 5468802 $ 103,045 $ 3,126 3% 5473721 $ 136,261 $ 3,069 2% 5475165 $ 268,954 $ 2,691 1% 5468838 $ 254,037 $ 6,411 3% 5473577 $ 173,633 $ 5,417 3% 5475072 $ 194,699 $ 4,533 2% 5475090 $ 120,503 $ 1,399 1% 5475496 $ 284,299 $ 7,258 3% 5475306 $ 63,491 $ 1,803 3% 5476659 $ 186,781 $ 5,529 3% 5468996 $ 31,930 $ 1,157 4% 5475959 $ 202,158 $ 7,081 4% 5475930 $ 199,271 $ 1,691 1% 5475844 $ 72,889 $ 729 1% 5468871 $ 193,135 $ 5,260 3% 5479033 $ 165,396 $ 6,778 4% 5475766 $ 163,916 $ 5,108 3% 5476265 $ 91,529 $ 1,832 2% 5477062 $ 341,012 $ 12,004 4% 5476167 $ 267,087 $ 8,544 3% 5476609 $ 106,750 $ 3,499 3% 5476606 $ 110,611 $ 1,110 1% 5475569 $ 649,736 $ 17,914 3% 5477328 $ 135,479 $ 4,014 3% 5477201 $ 81,597 $ 816 1% 5475641 $ 187,314 $ 5,732 3% 5478837 $ 58,307 $ 583 1% 5478602 $ 351,609 $ 7,044 2% 5473727 $ 159,330 $ 4,429 3% 5477195 $ 160,768 $ 4,206 3% 5478698 $ 66,185 $ 662 1% 5478983 $ 71,824 $ 720 1% 5485368 $ 170,346 $ 4,255 2% 5484561 $ 32,951 $ 1,449 4% 5485788 $ 322,944 $ 9,132 3% 5485836 $ 363,765 $ 8,653 2% 5485691 $ 293,904 $ 7,517 3% 5479208 $ 100,141 $ 3,590 4% 5479300 $ 327,724 $ 8,987 3% 5479721 $ 162,501 $ 4,842 3% 5479759 $ 52,408 $ 1,553 3% 5480301 $ 134,818 $ 4,307 3% 5480345 $ 391,050 $ 11,819 3% 5480368 $ 327,806 $ 7,703 2% 5480597 $ 382,431 $ 11,932 3% 5480864 $ 175,334 $ 4,219 2% 5481192 $ 165,415 $ 4,269 3% 5481212 $ 173,521 $ 5,347 3% 5485854 $ 527,000 $ 12,753 2% 5485897 $ 153,553 $ 4,140 3% 5481944 $ 288,469 $ 7,010 2% 5482267 $ 295,552 $ 10,150 3% 5469184 $ 505,035 $ 14,655 3% 5482874 $ 68,698 $ 2,032 3% 5471089 $ 93,370 $ 4,670 5% 5470912 $ 88,717 $ 3,463 4% 5482646 $ 75,224 $ 2,048 3% 5469441 $ 193,504 $ 5,710 3% 5482883 $ 185,710 $ 5,532 3% 5483047 $ 251,656 $ 5,715 2% 5485986 $ 212,792 $ 5,611 3% 5471242 $ 200,000 $ 6,112 3% 5484223 $ 147,013 $ 5,024 3% 5484043 $ 133,705 $ 3,723 3% 5484412 $ 110,279 $ 2,854 3% 5484407 $ 427,524 $ 12,410 3% 5484064 $ 477,625 $ 13,110 3% 5484030 $ 180,867 $ 4,284 2% 5470525 $ 283,490 $ 7,418 3% 5470892 $ 292,222 $ 7,304 2% 5470023 $ 35,969 $ 1,458 4% 5471351 $ 484,039 $ 12,079 2% 5484827 $ 89,562 $ 2,553 3% 5467109 $ 41,211 $ 1,596 4% 5467941 $ 182,008 $ 4,071 2% 5472277 $ 94,549 $ 2,739 3% 5468419 $ 104,825 $ 3,751 4% 5472774 $ 252,521 $ 6,253 2% 5475282 $ 249,042 $ 4,614 2% 5475574 $ 157,037 $ 1,576 1% 5478930 $ 336,350 $ 10,750 3% 5478293 $ 99,650 $ 3,129 3% 5477387 $ 71,243 $ 2,877 4% 5477405 $ 55,769 $ 1,640 3% 5478760 $ 96,563 $ 968 1% 5478451 $ 228,694 $ 5,785 3% 5478689 $ 84,248 $ 2,358 3% 5485622 $ 375,000 $ 8,025 2% 5479044 $ 125,740 $ 3,349 3% 5480536 $ 321,985 $ 8,832 3% 5480122 $ 117,288 $ 3,012 3% 5480101 $ 285,758 $ 8,184 3% 5480250 $ 376,452 $ 10,109 3% 5482682 $ 156,281 $ 3,109 2% 5480853 $ 65,299 $ 1,298 2% 5481158 $ 145,201 $ 4,782 3% 5481577 $ 48,860 $ 1,869 4% 5469433 $ 214,591 $ 5,356 2% 5483560 $ 354,729 $ 8,543 2% 5483872 $ 459,596 $ 3,394 1% 5484245 $ 236,484 $ 5,799 2% 5484482 $ 146,186 $ 5,231 4% 5484129 $ 147,684 $ 4,106 3% 5486274 $ 71,139 $ 2,645 4% c 2004 The Murrayhill Company. All Rights Reserved. Section Three Analytics SAIL 2004-8 FICO Distribution by Status Mortgage Data Through: October 31, 2004 FICO Delinquency Percentage 500 Current 0.01 500 Delinquent 0.032 500 Paid Off 0.007 510 Current 0.024 510 Delinquent 0.068 510 Paid Off 0.027 520 Current 0.03 520 Delinquent 0.079 520 Paid Off 0.019 530 Current 0.032 530 Delinquent 0.082 530 Paid Off 0.021 540 Current 0.036 540 Delinquent 0.077 540 Paid Off 0.031 550 Current 0.039 550 Delinquent 0.073 550 Paid Off 0.018 560 Current 0.043 560 Delinquent 0.061 560 Paid Off 0.029 570 Current 0.039 570 Delinquent 0.068 570 Paid Off 0.018 580 Current 0.046 580 Delinquent 0.039 580 Paid Off 0.027 590 Current 0.045 590 Delinquent 0.043 590 Paid Off 0.026 600 Current 0.056 600 Delinquent 0.082 600 Paid Off 0.031 610 Current 0.064 610 Delinquent 0.059 610 Paid Off 0.068 620 Current 0.063 620 Delinquent 0.043 620 Paid Off 0.067 630 Current 0.063 630 Delinquent 0.034 630 Paid Off 0.077 640 Current 0.058 640 Delinquent 0.034 640 Paid Off 0.069 650 Current 0.055 650 Delinquent 0.016 650 Paid Off 0.061 660 Current 0.049 660 Delinquent 0.023 660 Paid Off 0.065 670 Current 0.042 670 Delinquent 0.014 670 Paid Off 0.063 680 Current 0.035 680 Delinquent 0.009 680 Paid Off 0.057 690 Current 0.031 690 Delinquent 0.025 690 Paid Off 0.033 700 Current 0.029 700 Delinquent 0.009 700 Paid Off 0.033 710 Current 0.023 710 Delinquent 0.005 710 Paid Off 0.022 720 Current 0.019 720 Delinquent 0.005 720 Paid Off 0.028 730 Current 0.016 730 Delinquent 0.005 730 Paid Off 0.016 740 Current 0.014 740 Delinquent 0.007 740 Paid Off 0.021 750 Current 0.012 750 Paid Off 0.02 760 Current 0.009 760 Paid Off 0.019 770 Current 0.005 770 Delinquent 0.002 770 Paid Off 0.01 780 Current 0.004 780 Delinquent 0.002 780 Paid Off 0.01 790 Current 0.002 790 Paid Off 0.004 800 Current 0.001 800 Paid Off 0.002 810 Current 0 810 Delinquent 0.002 820 Current 0 830 Current 0 Status # of Loans Average Std. Deviation Current 18,438 618 75.428 Delinquent 441 576 68.533 Paid Off 901 637 74.42 Total: 19,780 SAIL 2004-8 Loan-to-Value Distribution by Status Mortgage Data Through: October 31, 2004 LTV Delinquency Percentage 0 Current 0 0.1 Paid Off 0.011 0.1 Current 0.006 0.1 Delinquent 0.002 0.2 Current 0.09 0.2 Delinquent 0.048 0.2 Paid Off 0.068 0.3 Delinquent 0.005 0.3 Paid Off 0.007 0.3 Current 0.007 0.4 Paid Off 0.01 0.4 Delinquent 0.009 0.4 Current 0.012 0.5 Delinquent 0.009 0.5 Current 0.027 0.5 Paid Off 0.019 0.6 Current 0.055 0.6 Paid Off 0.036 0.6 Delinquent 0.054 0.7 Paid Off 0.111 0.7 Current 0.113 0.7 Delinquent 0.129 0.8 Paid Off 0.451 0.8 Delinquent 0.465 0.8 Current 0.382 0.9 Paid Off 0.213 0.9 Delinquent 0.213 0.9 Current 0.232 1 Delinquent 0.066 1 Paid Off 0.075 1 Current 0.077 Status # of Loans Average Std. Deviation Current 18,438 0.734 0.212 Delinquent 441 0.761 0.166 Paid Off 901 0.75 0.198 Total: 19,780 SAIL 2004-8 Balance Distribution by Status Mortgage Data Through: October 31, 2004 Balance Delinquency Percentage 0 Current 0 0 Delinquent 0.002 10000 Current 0.001 20000 Current 0.01 20000 Delinquent 0.007 30000 Current 0.024 30000 Delinquent 0.014 40000 Current 0.022 40000 Delinquent 0.02 50000 Current 0.042 50000 Delinquent 0.057 60000 Current 0.048 60000 Delinquent 0.063 70000 Current 0.05 70000 Delinquent 0.066 80000 Current 0.049 80000 Delinquent 0.07 90000 Current 0.044 90000 Delinquent 0.041 100000 Current 0.051 100000 Delinquent 0.061 110000 Current 0.048 110000 Delinquent 0.048 120000 Current 0.041 120000 Delinquent 0.045 130000 Current 0.044 130000 Delinquent 0.041 140000 Current 0.041 140000 Delinquent 0.032 150000 Current 0.038 150000 Delinquent 0.039 160000 Current 0.036 160000 Delinquent 0.036 170000 Current 0.033 170000 Delinquent 0.02 180000 Current 0.031 180000 Delinquent 0.029 190000 Current 0.028 190000 Delinquent 0.032 200000 Current 0.026 200000 Delinquent 0.025 210000 Current 0.024 210000 Delinquent 0.014 220000 Current 0.023 220000 Delinquent 0.014 230000 Current 0.018 230000 Delinquent 0.02 240000 Current 0.019 240000 Delinquent 0.018 250000 Current 0.017 250000 Delinquent 0.014 260000 Current 0.016 260000 Delinquent 0.007 270000 Current 0.015 270000 Delinquent 0.016 280000 Current 0.014 280000 Delinquent 0.014 290000 Current 0.012 290000 Delinquent 0.014 300000 Current 0.014 300000 Delinquent 0.011 310000 Current 0.011 310000 Delinquent 0.016 320000 Current 0.01 320000 Delinquent 0.009 330000 Current 0.008 330000 Delinquent 0.007 340000 Current 0.009 340000 Delinquent 0.009 350000 Current 0.007 350000 Delinquent 0.007 360000 Current 0.007 360000 Delinquent 0.009 370000 Current 0.005 370000 Delinquent 0.005 380000 Current 0.006 380000 Delinquent 0.002 390000 Current 0.005 390000 Delinquent 0.005 400000 Current 0.007 400000 Delinquent 0.005 410000 Current 0.004 420000 Current 0.004 420000 Delinquent 0.002 430000 Current 0.003 430000 Delinquent 0.002 440000 Current 0.003 450000 Current 0.003 450000 Delinquent 0.002 460000 Current 0.002 460000 Delinquent 0.007 470000 Current 0.002 470000 Delinquent 0.002 480000 Current 0.003 480000 Delinquent 0.002 490000 Current 0.002 490000 Delinquent 0.002 500000 Current 0.004 510000 Current 0.001 520000 Current 0.002 520000 Delinquent 0.002 530000 Current 0.001 530000 Delinquent 0.002 540000 Current 0.001 550000 Current 0.001 560000 Current 0.001 570000 Current 0.001 580000 Current 0.001 580000 Delinquent 0.002 590000 Current 0 590000 Delinquent 0.002 600000 Current 0.001 600000 Delinquent 0.002 610000 Current 0 620000 Current 0 630000 Current 0.001 630000 Delinquent 0.005 640000 Current 0 650000 Current 0.001 650000 Delinquent 0.002 660000 Current 0 670000 Current 0 680000 Current 0 690000 Current 0 700000 Current 0 710000 Current 0 720000 Current 0 730000 Current 0 750000 Current 0.001 770000 Current 0 820000 Current 0 840000 Current 0 860000 Current 0 940000 Current 0 960000 Current 0 1000000 Current 0 1140000 Current 0 Status # of Loans Average Std. Deviation Current 18,438 170,161.51 114,664.58 Delinquent 441 160,245.18 113,321.04 Total: 18,879 SAIL 2004-8 Mortgage Type Distribution by Status Mortgage Data Through: October 31, 2004 Mortgage Type Delinquency Percentage Investment Home Current 0.086 Investment Home Delinquent 0.102 Investment Home Paid Off 0.084 Primary Home Current 0.905 Primary Home Delinquent 0.889 Primary Home Paid Off 0.906 Second Home Current 0.009 Second Home Delinquent 0.009 Second Home Paid Off 0.01 Mortgage Type Loan Count Total Balance Avg. Balance Std. Deviation ARM 13,670 2,406,214,203.16 176,021.52 120,020.15 Balloon 1,060 63,723,962.18 60,116.95 35,447.12 Fixed 5,050 738,167,896.18 146,171.86 108,783.14 Total: 19,780 3,208,106,061.52 SAIL 2004-8 Mortgage Term Distribution by Status Mortgage Data Through: October 31, 2004 Mortgage Term Delinquency Percentage 120 Current 0.001 180 Current 0.079 180 Delinquent 0.045 180 Paid Off 0.042 240 Paid Off 0.019 240 Delinquent 0.018 240 Current 0.031 300 Current 0 360 Current 0.889 360 Delinquent 0.937 360 Paid Off 0.939 # of Loans Other 120 180 240 300 360 19,780 0 15 1,522 597 4 17,642 SAIL 2004-8 Mortgage Purpose Distribution Mortgage Data Through: October 31, 2004 Origination Statistics Number of Loans: 19,880 Purpose Number Percentage Cash-out refinance 10,601 53.3% Purchase 7,848 39.5% Rate/term 1,197 6.0% Home 5 0.0% Other 229 1.2% Total 19,880 100% Current Loans Number of Loans: 18,438 Purpose Number Percentage Cash-out refinance 9,937 53.9% Purchase 7,191 39.0% Rate/term 1,112 6.0% Home 4 0.0% Other 194 1.1% Total 18,438 100% Delinquent Loans Number of Loans: 441 Purpose Number Percentage Cash-out refinance 242 54.9% Purchase 163 37.0% Rate/term 33 7.5% Home 0 0.0% Other 3 0.7% Total 441 100% Paid Off Loans Number of Loans: 901 Purpose Number Percentage Cash-out refinance 365 40.5% Purchase 457 50.7% Rate/term 46 5.1% Home 1 0.1% Other 32 3.6% Total 901 100% SAIL 2004-8 Ownership Distribution by Status Mortgage Data Through: October 31, 2004 Ownership Type Delinquency Percentage Investment Home Current 0.086 Investment Home Delinquent 0.102 Investment Home Paid Off 0.084 Primary Home Current 0.905 Primary Home Delinquent 0.889 Primary Home Paid Off 0.906 Second Home Current 0.009 Second Home Delinquent 0.009 Second Home Paid Off 0.01 Title # of Loans Investment Home 1,707 Primary Home 17,889 Second Home 184 Total: 19,780 SAIL 2004-8 Delinquent Count Over Time Mortgage Data Through: October 31, 2004 Total Count in Status AsOfDate 30 Days 60 Days 90 Days Foreclosure REO 31-Oct-04 287 67 29 57 1 30-Sep-04 179 34 13 26 0 31-Aug-04 89 16 0 13 0 SAIL 2004-8 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 $46,279,860 $10,968,598 $5,043,897 $8,323,767 $52,000 30-Sep-04 $28,704,581 $5,765,517 $2,703,707 $3,108,098 - 31-Aug-04 $15,566,798 $2,646,751 $0 $928,081 - SAIL 2004-8 Conditional Prepayment Rates Mortgage Data Through: October 31, 2004 Date * Distribution Date CPR 3-Month MA 6-Month MA 12-Month MA 31-Oct-04 25-Nov-04 18.70% 30-Sep-04 25-Oct-04 17.30% 31-Aug-04 25-Sep-04 7.86% * Data in table is displayed for only the most recent 18 months. SAIL 2004-8 Historical SDA Performance Mortgage Data Through: October 31, 2004 Weighted Monthly Date Average Default Default CDR SDA SDA Age Amt Rate (F-R) Curve % 31-Oct-04 4.92 $52,000 0.00% 0.00% 0.10% 0% 30-Sep-04 3.23 $0 0.00% 0.00% 0.06% 0% 31-Aug-04 2.79 $0 0.00% 0.00% 0.06% 0% Averages: 3.64 $17,333 0.00% 0.00% 0.07% 0% c 2004 The Murrayhill Company. All Rights Reserved.
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