-----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, A7MHqvHu6aInh4ZSUEJgYCCkazF5b0XX6WurfeMHESdoFSWTpb2lWtcxk93G8n2Y zeGyNoKqIoxJRQLvvBawoA== 0000950134-05-002398.txt : 20050209 0000950134-05-002398.hdr.sgml : 20050209 20050209140928 ACCESSION NUMBER: 0000950134-05-002398 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050120 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050209 DATE AS OF CHANGE: 20050209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA MORTGAGE TRUST 2004-9 CENTRAL INDEX KEY: 0001304645 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-118832-02 FILM NUMBER: 05588002 BUSINESS ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153897373 MAIL ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 8-K 1 f05544je8vk.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 January 20, 2005 Date of Report (Date of Earliest Event Reported) SEQUOIA RESIDENTIAL FUNDING, INC. SEQUOIA MORTGAGE TRUST 2004-9 ----------------------------- (as Depositor of Sequoia Mortgage Trust 2004-9, the Issuer of Mortgage Pass-Through Certificates under a Pooling and Servicing Agreement dated as of September 1, 2004) SEQUOIA RESIDENTIAL FUNDING, INC. --------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 333-118832-02 5-2170972 -------- ------------- --------- (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Incorporation) Identification No.)
One Belvedere Place, Suite 330, Mill Valley, CA 94941 ----------------------------------------------------- (Address of Principal Executive Offices) (415) 381-1765 -------------- (Registrant's Telephone Number, Including Area Code) Not Applicable -------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) INFORMATION TO BE INCLUDED IN THE REPORT Item 8.01. OTHER EVENTS Sequoia Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 2004-9 (the "Certificates"). The following exhibit which relates specifically to the Certificates is included with this Current Report: Item 9.01. Exhibits 10.1 Monthly Payment Date Statement relating to the distribution to Certificateholders, January 20, 2005. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: February 7, 2005 SEQUOIA RESIDENTIAL FUNDING, INC. By: /s/ Harold F. Zagunis ------------------------------------ Harold F. Zagunis Chief Financial Officer and Secretary EXHIBIT INDEX
Exhibit Number Page Number - -------------- ----------- 10.1 Monthly Payment Date Statement relating to the distribution to Certificateholders, January 20, .................................. 5
EX-10.1 2 f05544jexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2004-9 RECORD DATE: DECEMBER 31, 2004 DISTRIBUTION DATE: JANUARY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Class CUSIP Description Rate Certificate Balance Distribution - ------ --------- ----------- ------------ ------------------- ------------ A-1 81744FDV6 SEN 2.75000% 440,129,047.46 1,008,629.07 A-2 81744FDW4 SEN 2.53000% 289,690,619.30 610,764.39 X-A 81744FDX2 IO 0.54821% 0.00 333,445.58 X-B 81744FDY0 IO 0.18739% 0.00 3,076.88 B-1 81744FEA1 SUB 2.92000% 14,915,000.00 36,293.17 B-2 81744FEB9 SUB 3.29000% 8,242,000.00 22,596.82 B-3 81744FEC7 SUB 3.21094% 4,318,000.00 11,554.04 B-4 81744FED5 SUB 3.21094% 2,355,000.00 6,301.47 B-5 81744FEE3 SUB 3.21094% 1,962,000.00 5,249.89 B-6 81744FEF0 SUB 3.21094% 3,533,134.00 9,453.91 A-R 81744FDZ7 SEN 3.11883% 0.00 0.00 -------------- ------------ Totals 765,144,800.76 2,047,365.22 ============== ============
Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------- ------------- ------------------ ------------- ------------- A-1 8,964,053.55 0.00 431,164,993.91 9,972,682.62 0.00 A-2 5,568,004.20 0.00 284,122,615.10 6,178,768.59 0.00 X-A 0.00 0.00 0.00 333,445.58 0.00 X-B 0.00 0.00 0.00 3,076.88 0.00 B-1 0.00 0.00 14,915,000.00 36,293.17 0.00 B-2 0.00 0.00 8,242,000.00 22,596.82 0.00 B-3 0.00 0.00 4,318,000.00 11,554.04 0.00 B-4 0.00 0.00 2,355,000.00 6,301.47 0.00 B-5 0.00 0.00 1,962,000.00 5,249.89 0.00 B-6 0.00 0.00 3,533,134.00 9,453.91 0.00 A-R 0.00 0.00 0.00 0.00 0.00 ------------- ---- -------------- ------------- ---- Totals 14,532,057.75 0.00 750,612,743.01 16,579,422.97 0.00 ============= ==== ============== ============= ====
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - ------ -------------- -------------- ------------ ------------- --------- -------- A-1 453,364,000.00 440,129,047.46 1,069.36 8,962,984.19 0.00 0.00 A-2 296,310,000.00 289,690,619.30 124.85 5,567,879.35 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 B-1 14,915,000.00 14,915,000.00 0.00 0.00 0.00 0.00 B-2 8,242,000.00 8,242,000.00 0.00 0.00 0.00 0.00 B-3 4,318,000.00 4,318,000.00 0.00 0.00 0.00 0.00 B-4 2,355,000.00 2,355,000.00 0.00 0.00 0.00 0.00 B-5 1,962,000.00 1,962,000.00 0.00 0.00 0.00 0.00 B-6 3,533,134.00 3,533,134.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- Totals 784,999,234.00 765,144,800.76 1,194.21 14,530,863.54 0.00 0.00 ============== ============== ======== ============= ==== ====
Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------ --------------- A-1 8,964,053.55 431,164,993.91 0.95103492 8,964,053.55 A-2 5,568,004.20 284,122,615.10 0.95886948 5,568,004.20 X-A 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-1 0.00 14,915,000.00 1.00000000 0.00 B-2 0.00 8,242,000.00 1.00000000 0.00 B-3 0.00 4,318,000.00 1.00000000 0.00 B-4 0.00 2,355,000.00 1.00000000 0.00 B-5 0.00 1,962,000.00 1.00000000 0.00 B-6 0.00 3,533,134.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ------------- -------------- ---------- ------------- Totals 14,532,057.75 750,612,743.01 0.95619551 14,532,057.75 ============= ============== ========== =============
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ----- --------------- ------------- ------------ ------------ ---------- ---------- A-1 453,364,000.00 970.80722656 0.00235872 19.76995128 0.00000000 0.00000000 A-2 296,310,000.00 977.66062333 0.00042135 18.79072374 0.00000000 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,915,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,242,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,318,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,355,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,962,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,533,134.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.50000000 0.00000000 0.00000000 0.00000000
Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 19.77231000 951.03491656 0.95103492 19.77231000 A-2 18.79114508 958.86947825 0.95886948 18.79114508 X-A 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ------ -------------- ---------------- -------------- ------------ ---------- --------- A-1 453,364,000.00 2.75000% 440,129,047.46 1,008,629.07 0.00 0.00 A-2 296,310,000.00 2.53000% 289,690,619.30 610,764.39 0.00 0.00 X-A 0.00 0.54821% 729,819,666.76 333,412.30 0.00 0.00 X-B 0.00 0.18739% 23,157,000.00 3,616.17 0.00 0.00 B-1 14,915,000.00 2.92000% 14,915,000.00 36,293.17 0.00 0.00 B-2 8,242,000.00 3.29000% 8,242,000.00 22,596.82 0.00 0.00 B-3 4,318,000.00 3.21094% 4,318,000.00 11,554.04 0.00 0.00 B-4 2,355,000.00 3.21094% 2,355,000.00 6,301.47 0.00 0.00 B-5 1,962,000.00 3.21094% 1,962,000.00 5,249.89 0.00 0.00 B-6 3,533,134.00 3.21094% 3,533,134.00 9,453.91 0.00 0.00 A-R 100.00 3.11883% 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- Totals 784,999,234.00 2,047,871.23 0.00 0.00 ============== ============ ==== ====
INTEREST DISTRIBUTION STATEMENT
Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- -------- -------------- --------- -------------- A-1 0.00 0.00 1,008,629.07 0.00 431,164,993.91 A-2 0.00 0.00 610,764.39 0.00 284,122,615.10 X-A 0.00 0.00 333,445.58 0.00 715,287,609.01 X-B 0.00 0.00 3,076.88 0.00 23,157,000.00 B-1 0.00 0.00 36,293.17 0.00 14,915,000.00 B-2 0.00 0.00 22,596.82 0.00 8,242,000.00 B-3 0.00 0.00 11,554.04 0.00 4,318,000.00 B-4 0.00 0.00 6,301.47 0.00 2,355,000.00 B-5 0.00 0.00 5,249.89 0.00 1,962,000.00 B-6 0.00 0.00 9,453.91 0.00 3,533,134.00 A-R 0.00 0.00 0.00 0.00 0.00 ---- ---- ------------ ---- Totals 0.00 0.00 2,047,365.22 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
Payment of Current Beginning Unpaid Current Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ----- -------------- ----------- ---------------- --------------- ---------- ---------- A-1 453,364,000.00 2.75000% 970.80722656 2.22476657 0.00000000 0.00000000 A-2 296,310,000.00 2.53000% 977.66062333 2.06123448 0.00000000 0.00000000 X-A 0.00 0.54821% 973.51604399 0.44474305 0.00000000 0.00000000 X-B 0.00 0.18739% 1000.00000000 0.15615883 0.00000000 0.00000000 B-1 14,915,000.00 2.92000% 1000.00000000 2.43333356 0.00000000 0.00000000 B-2 8,242,000.00 3.29000% 1000.00000000 2.74166707 0.00000000 0.00000000 B-3 4,318,000.00 3.21094% 1000.00000000 2.67578509 0.00000000 0.00000000 B-4 2,355,000.00 3.21094% 1000.00000000 2.67578344 0.00000000 0.00000000 B-5 1,962,000.00 3.21094% 1000.00000000 2.67578491 0.00000000 0.00000000 B-6 3,533,134.00 3.21094% 1000.00000000 2.67578586 0.00000000 0.00000000 A-R 100.00 3.11883% 0.00000000 0.00000000 0.00000000 0.00000000
INTEREST DISTRIBUTION FACTORS STATEMENT
Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ----- ---------- ---------- -------------- ---------- ------------------- A-1 0.00000000 0.00000000 2.22476657 0.00000000 951.03491656 A-2 0.00000000 0.00000000 2.06123448 0.00000000 958.86947825 X-A 0.00000000 0.00000000 0.44478744 0.00000000 954.13154119 X-B 0.00000000 0.00000000 0.13287041 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.43333356 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.74166707 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.67578509 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.67578344 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.67578491 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.67578586 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
(5) Per $1 denomination (6) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 16,835,363.80 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 14,399.00 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 16,849,762.80 Withdrawals Reimbursement for Servicer Advances 25,496.37 Payment of Service Fee 244,843.46 Payment of Interest and Principal 16,579,422.97 ------------- Total Withdrawals (Pool Distribution Amount) 16,849,762.80 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 239,423.69 Master Servicing Fee 5,419.77 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 244,843.46 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------- --------- ----------- -------- -------- Class X-A Pool 1 Comp Sub Account 4,500.00 16.64 16.64 4,500.00 Class X-A Pool 2 Comp Sub Account 4,500.00 16.64 16.64 4,500.00 Class X-B Sub Account 1,000.00 546.69 546.69 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ -------- --------- -------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 12 4,270,224.23 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 800,442.85 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ -- ---- -- ---- 15 5,070,667.08 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - --------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 12 4,270,224.23 60 Days 0 0.00 60 Days 3 800,442.85 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------ 0 0.00 15 5,070,667.08 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.546199% 0.568898% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.136550% 0.106638% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.682749% 0.675536% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.546199% 0.568898% 60 Days 0.000000% 0.000000% 60 Days 0.136550% 0.106638% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.682749% 0.675536% ======== ======== ======== ========
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 14,399.00
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 35,325,134.00 4.50002146% 35,325,134.00 4.70617296% 95.293827% 0.000000% Class B-1 20,410,134.00 2.60001961% 20,410,134.00 2.71912969% 1.987043% 42.222062% Class B-2 12,168,134.00 1.55008228% 12,168,134.00 1.62109345% 1.098036% 23.331829% Class B-3 7,850,134.00 1.00001805% 7,850,134.00 1.04583010% 0.575263% 12.223591% Class B-4 5,495,134.00 0.70001775% 5,495,134.00 0.73208642% 0.313744% 6.666641% Class B-5 3,533,134.00 0.45008120% 3,533,134.00 0.47069998% 0.261386% 5.554119% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.470700% 10.001757%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- ------------------------------ ------------------------------ POOL ONE No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 9 3,064,124.23 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 800,442.85 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ -- ---- -- ---- 12 3,864,567.08 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - ------------------------------ --------------------------------- POOL ONE No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 9 3,064,124.23 60 Days 0 0.00 60 Days 3 800,442.85 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------ 0 0.00 12 3,864,567.08 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.699301% 0.677111% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.233100% 0.176882% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.932401% 0.853993% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.699301% 0.677111% 60 Days 0.000000% 0.000000% 60 Days 0.233100% 0.176882% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- --------- 0.000000% 0.000000% 0.932401% 0.853993% ======== ======== ======== =========
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------- ------------------------------ ------------------------------ POOL TWO 1.183654% No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ------ ------------ ------ --------- ------ --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 3 1,206,100.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ -- ---- -- ---- 3 1,206,100.00 0 0.00 0 0.00 == ============ == ==== == ====
REO TOTAL - ------------------------------ --------------------------------- POOL TWO No. of Principal No. of Principal Loans Balance Loans Balance ------ --------- ------ ------------ 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 3 1,206,100.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ---- -- ------------ 0 0.00 3 1,206,100.00 == ==== == ============
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance -------- --------- -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.329670% 0.404616% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.329670% 0.404616% 0.000000% 0.000000% 0.000000% 0.000000% ======== ======== ======== ======== ======== ========
REO TOTAL - -------------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance -------- --------- -------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.329670% 0.404616% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.329670% 0.404616% ======== ======== ======== ========
COLLATERAL STATEMENT
Collateral Description Mixed Arm - ---------------------- -------------- Weighted Average Gross Coupon 3.594884% Weighted Average Net Coupon 3.219388% Weighted Average Pass-Through Rate 3.210888% Weighted Average Maturity (Stepdown Calculation) 333 Beginning Scheduled Collateral Loan Count 2,225 Number of Loans Paid in Full 28 Ending Scheduled Collateral Loan Count 2,197 Beginning Scheduled Collateral Balance 765,144,801.65 Ending Scheduled Collateral Balance 750,612,743.90 Ending Actual Collateral Balance at 31-Dec-2004 750,613,990.71 Monthly P&I Constant 2,293,366.31 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 16,484,320.52 Scheduled Principal 1,194.21 Unscheduled Principal 14,530,863.54
GROUP POOL 1 POOL 2 TOTAL - ------------------------------- ----------------- ----------------- -------------- Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.608374 3.574380 3.594884 Weighted Average Net Rate 3.232910 3.198837 3.219388 Pass-Through Rate 3.224410 3.190337 3.210888 Weighted Average Maturity 334 333 333 Record Date 12/31/2004 12/31/2004 12/31/2004 Principal and Interest Constant 1,388,765.84 904,600.47 2,293,366.31 Beginning Loan Count 1,304 921 2,225 Loans Paid in Full 17 11 28 Ending Loan Count 1,287 910 2,197 Beginning Scheduled Balance 461,491,958.34 303,652,843.31 765,144,801.65 Ending Scheduled Balance 452,527,904.79 298,084,839.11 750,612,743.90 Scheduled Principal 1,069.36 124.85 1,194.21 Unscheduled Principal 8,962,984.19 5,567,879.35 14,530,863.54 Scheduled Interest 1,387,696.48 904,475.62 2,292,172.10 Servicing Fee 144,394.67 95,029.02 239,423.69 Master Servicing Fee 3,268.90 2,150.87 5,419.77 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 0.00 0.00 0.00 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 1,240,032.91 807,295.73 2,047,328.64 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group One Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.370903% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Two Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.401912% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%
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