-----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, NsVDqYsRv0UfHxq7bLihvuJIpWcs9KzVgT8zXViP7ZUfazBZks13rWVlREBA6ngD 9hfYQfc9lZznMAGmM7TYcw== 0001056404-04-004579.txt : 20041230 0001056404-04-004579.hdr.sgml : 20041230 20041230093728 ACCESSION NUMBER: 0001056404-04-004579 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Structured Asset Investment Loan Trust 2004-9 CENTRAL INDEX KEY: 0001305129 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: 333-115858-22 FILM NUMBER: 041232538 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 sai04009_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 2004-9 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115858-22 54-2161249 Pooling and Servicing Agreement) (Commission 54-2161250 (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 2004-9 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 2004-9 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 2004-9 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 2004-9 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 2004-9 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 86358EML7 SEN 2.42000% 354,882,212.10 739,535.10 7,511,527.63 A2 86358EMM5 SEN 2.70000% 85,916,000.00 199,754.70 0.00 A3 86358EMN3 SEN 2.33000% 310,593,908.83 623,172.17 12,987,856.95 A4 86358EMP8 SEN 2.48000% 135,148,000.00 288,616.06 0.00 A5 86358EMQ6 SEN 2.68000% 104,380,000.00 240,885.84 0.00 A6 86358EMS2 SEN 2.42000% 135,422,372.70 282,205.18 1,625,702.73 A7 86358EMT0 SEN 2.68000% 35,911,000.00 82,874.61 0.00 M1 86358EMR4 MEZ 2.83000% 63,615,000.00 155,026.22 0.00 M2 86358EMU7 MEZ 2.91000% 19,153,000.00 47,994.23 0.00 M3 86358EMV5 MEZ 3.33000% 26,677,000.00 76,496.30 0.00 M4 86358EMW3 MEZ 3.48000% 10,260,000.00 30,745.80 0.00 M5 86358EMX1 MEZ 3.93000% 10,260,000.00 34,721.55 0.00 M6 86358EMY9 MEZ 4.03000% 10,260,000.00 35,605.05 0.00 M7 86358EMZ6 MEZ 4.68000% 13,681,000.00 55,134.43 0.00 B1 86358ENA0 SUB 5.00000% 11,628,000.00 48,450.00 0.00 B2 86358ENB8 SUB 5.00000% 6,840,000.00 28,500.00 0.00 X SAI04009X RES 0.00000% 6,841,082.53 3,901,709.73 0.00 P SAI04009P SEN 0.00000% 100.00 272,239.57 0.00 R1 SAI0409R1 RES 0.00000% 0.00 0.00 0.00 R2 SAI0409R2 RES 0.00000% 0.00 0.00 0.00 Totals 1,341,468,676.16 7,143,666.54 22,125,087.31
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 347,370,684.47 8,251,062.73 0.00 A2 0.00 85,916,000.00 199,754.70 0.00 A3 0.00 297,606,051.88 13,611,029.12 0.00 A4 0.00 135,148,000.00 288,616.06 0.00 A5 0.00 104,380,000.00 240,885.84 0.00 A6 0.00 133,796,669.97 1,907,907.91 0.00 A7 0.00 35,911,000.00 82,874.61 0.00 M1 0.00 63,615,000.00 155,026.22 0.00 M2 0.00 19,153,000.00 47,994.23 0.00 M3 0.00 26,677,000.00 76,496.30 0.00 M4 0.00 10,260,000.00 30,745.80 0.00 M5 0.00 10,260,000.00 34,721.55 0.00 M6 0.00 10,260,000.00 35,605.05 0.00 M7 0.00 13,681,000.00 55,134.43 0.00 B1 0.00 11,628,000.00 48,450.00 0.00 B2 0.00 6,840,000.00 28,500.00 0.00 X 0.00 6,841,082.53 3,901,709.73 0.00 P 0.00 100.00 272,239.57 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 1,319,343,588.85 29,268,753.85 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 363,707,000.00 354,882,212.10 0.00 7,511,527.63 0.00 0.00 A2 85,916,000.00 85,916,000.00 0.00 0.00 0.00 0.00 A3 324,565,000.00 310,593,908.83 0.00 12,987,856.95 0.00 0.00 A4 135,148,000.00 135,148,000.00 0.00 0.00 0.00 0.00 A5 104,380,000.00 104,380,000.00 0.00 0.00 0.00 0.00 A6 139,214,000.00 135,422,372.70 0.00 1,625,702.73 0.00 0.00 A7 35,911,000.00 35,911,000.00 0.00 0.00 0.00 0.00 M1 63,615,000.00 63,615,000.00 0.00 0.00 0.00 0.00 M2 19,153,000.00 19,153,000.00 0.00 0.00 0.00 0.00 M3 26,677,000.00 26,677,000.00 0.00 0.00 0.00 0.00 M4 10,260,000.00 10,260,000.00 0.00 0.00 0.00 0.00 M5 10,260,000.00 10,260,000.00 0.00 0.00 0.00 0.00 M6 10,260,000.00 10,260,000.00 0.00 0.00 0.00 0.00 M7 13,681,000.00 13,681,000.00 0.00 0.00 0.00 0.00 B1 11,628,000.00 11,628,000.00 0.00 0.00 0.00 0.00 B2 6,840,000.00 6,840,000.00 0.00 0.00 0.00 0.00 X 6,841,082.53 6,841,082.53 0.00 0.00 0.00 0.00 P 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 1,368,056,182.53 1,341,468,676.16 0.00 22,125,087.31 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 7,511,527.63 347,370,684.47 0.95508386 7,511,527.63 A2 0.00 85,916,000.00 1.00000000 0.00 A3 12,987,856.95 297,606,051.88 0.91693822 12,987,856.95 A4 0.00 135,148,000.00 1.00000000 0.00 A5 0.00 104,380,000.00 1.00000000 0.00 A6 1,625,702.73 133,796,669.97 0.96108631 1,625,702.73 A7 0.00 35,911,000.00 1.00000000 0.00 M1 0.00 63,615,000.00 1.00000000 0.00 M2 0.00 19,153,000.00 1.00000000 0.00 M3 0.00 26,677,000.00 1.00000000 0.00 M4 0.00 10,260,000.00 1.00000000 0.00 M5 0.00 10,260,000.00 1.00000000 0.00 M6 0.00 10,260,000.00 1.00000000 0.00 M7 0.00 13,681,000.00 1.00000000 0.00 B1 0.00 11,628,000.00 1.00000000 0.00 B2 0.00 6,840,000.00 1.00000000 0.00 X 0.00 6,841,082.53 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 22,125,087.31 1,319,343,588.85 0.96439284 22,125,087.31
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 363,707,000.00 975.73654645 0.00000000 20.65268920 0.00000000 A2 85,916,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A3 324,565,000.00 956.95441231 0.00000000 40.01619691 0.00000000 A4 135,148,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A5 104,380,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A6 139,214,000.00 972.76403738 0.00000000 11.67772444 0.00000000 A7 35,911,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 63,615,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 19,153,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 26,677,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 10,260,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 10,260,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 10,260,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 13,681,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 11,628,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 6,840,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 6,841,082.53 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 20.65268920 955.08385725 0.95508386 20.65268920 A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A3 0.00000000 40.01619691 916.93821540 0.91693822 40.01619691 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A6 0.00000000 11.67772444 961.08631294 0.96108631 11.67772444 A7 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 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 363,707,000.00 2.42000% 354,882,212.10 739,535.10 0.00 0.00 A2 85,916,000.00 2.70000% 85,916,000.00 199,754.70 0.00 0.00 A3 324,565,000.00 2.33000% 310,593,908.83 623,172.17 0.00 0.00 A4 135,148,000.00 2.48000% 135,148,000.00 288,616.06 0.00 0.00 A5 104,380,000.00 2.68000% 104,380,000.00 240,885.84 0.00 0.00 A6 139,214,000.00 2.42000% 135,422,372.70 282,205.18 0.00 0.00 A7 35,911,000.00 2.68000% 35,911,000.00 82,874.61 0.00 0.00 M1 63,615,000.00 2.83000% 63,615,000.00 155,026.22 0.00 0.00 M2 19,153,000.00 2.91000% 19,153,000.00 47,994.23 0.00 0.00 M3 26,677,000.00 3.33000% 26,677,000.00 76,496.30 0.00 0.00 M4 10,260,000.00 3.48000% 10,260,000.00 30,745.80 0.00 0.00 M5 10,260,000.00 3.93000% 10,260,000.00 34,721.55 0.00 0.00 M6 10,260,000.00 4.03000% 10,260,000.00 35,605.05 0.00 0.00 M7 13,681,000.00 4.68000% 13,681,000.00 55,134.43 0.00 0.00 B1 11,628,000.00 5.00000% 11,628,000.00 48,450.00 0.00 0.00 B2 6,840,000.00 5.00000% 6,840,000.00 28,500.00 0.00 0.00 X 6,841,082.53 0.00000% 1,341,468,676.16 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 1,368,056,182.53 2,969,717.24 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 0.00 739,535.10 0.00 347,370,684.47 A2 0.00 0.00 199,754.70 0.00 85,916,000.00 A3 0.00 0.00 623,172.17 0.00 297,606,051.88 A4 0.00 0.00 288,616.06 0.00 135,148,000.00 A5 0.00 0.00 240,885.84 0.00 104,380,000.00 A6 0.00 0.00 282,205.18 0.00 133,796,669.97 A7 0.00 0.00 82,874.61 0.00 35,911,000.00 M1 0.00 0.00 155,026.22 0.00 63,615,000.00 M2 0.00 0.00 47,994.23 0.00 19,153,000.00 M3 0.00 0.00 76,496.30 0.00 26,677,000.00 M4 0.00 0.00 30,745.80 0.00 10,260,000.00 M5 0.00 0.00 34,721.55 0.00 10,260,000.00 M6 0.00 0.00 35,605.05 0.00 10,260,000.00 M7 0.00 0.00 55,134.43 0.00 13,681,000.00 B1 0.00 0.00 48,450.00 0.00 11,628,000.00 B2 0.00 0.00 28,500.00 0.00 6,840,000.00 X 0.00 0.00 3,901,709.73 0.00 1,319,343,588.85 P 0.00 0.00 272,239.57 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 7,143,666.54 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 363,707,000.00 2.42000% 975.73654645 2.03332655 0.00000000 0.00000000 A2 85,916,000.00 2.70000% 1000.00000000 2.32500000 0.00000000 0.00000000 A3 324,565,000.00 2.33000% 956.95441231 1.92002271 0.00000000 0.00000000 A4 135,148,000.00 2.48000% 1000.00000000 2.13555554 0.00000000 0.00000000 A5 104,380,000.00 2.68000% 1000.00000000 2.30777774 0.00000000 0.00000000 A6 139,214,000.00 2.42000% 972.76403738 2.02713218 0.00000000 0.00000000 A7 35,911,000.00 2.68000% 1000.00000000 2.30777784 0.00000000 0.00000000 M1 63,615,000.00 2.83000% 1000.00000000 2.43694443 0.00000000 0.00000000 M2 19,153,000.00 2.91000% 1000.00000000 2.50583355 0.00000000 0.00000000 M3 26,677,000.00 3.33000% 1000.00000000 2.86750009 0.00000000 0.00000000 M4 10,260,000.00 3.48000% 1000.00000000 2.99666667 0.00000000 0.00000000 M5 10,260,000.00 3.93000% 1000.00000000 3.38416667 0.00000000 0.00000000 M6 10,260,000.00 4.03000% 1000.00000000 3.47027778 0.00000000 0.00000000 M7 13,681,000.00 4.68000% 1000.00000000 4.03000000 0.00000000 0.00000000 B1 11,628,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 B2 6,840,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 X 6,841,082.53 0.00000% 196090.11735749 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 2.03332655 0.00000000 955.08385725 A2 0.00000000 0.00000000 2.32500000 0.00000000 1000.00000000 A3 0.00000000 0.00000000 1.92002271 0.00000000 916.93821540 A4 0.00000000 0.00000000 2.13555554 0.00000000 1000.00000000 A5 0.00000000 0.00000000 2.30777774 0.00000000 1000.00000000 A6 0.00000000 0.00000000 2.02713218 0.00000000 961.08631294 A7 0.00000000 0.00000000 2.30777784 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.43694443 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.50583355 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.86750009 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.99666667 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.38416667 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.47027778 0.00000000 1000.00000000 M7 0.00000000 0.00000000 4.03000000 0.00000000 1000.00000000 B1 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000 B2 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000 X 0.00000000 0.00000000 570.33513525 0.00000000 192855.96732159 P 0.00000000 0.00000000 2722395.70000000 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 30,446,616.21 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 30,446,616.21 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,177,862.36 Payment of Interest and Principal 29,268,753.85 Total Withdrawals (Pool Distribution Amount) 30,446,616.21 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 558,945.29 Credit Risk Manager Fee 12,296.80 PMI Insurance Premium Fee 605,502.38 Securities Administration Fee 1,117.89 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,177,862.36
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 199,960.01 199,960.01 1,000.00 Financial Guaranty 0.00 199,960.01 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 4 0 0 4 898,842.95 0.00 0.00 898,842.95 30 Days 104 1 0 0 105 19,012,354.49 191,836.05 0.00 0.00 19,204,190.54 60 Days 29 0 2 0 31 4,567,901.56 0.00 305,061.62 0.00 4,872,963.18 90 Days 3 0 1 0 4 1,227,750.00 0.00 440,000.00 0.00 1,667,750.00 120 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 136 5 3 0 144 24,808,006.05 1,090,679.00 745,061.62 0.00 26,643,746.67 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 0.056513% 0.000000% 0.000000% 0.056513% 0.068082% 0.000000% 0.000000% 0.068082% 30 Days 1.469342% 0.014128% 0.000000% 0.000000% 1.483470% 1.440075% 0.014530% 0.000000% 0.000000% 1.454606% 60 Days 0.409720% 0.000000% 0.028257% 0.000000% 0.437977% 0.345992% 0.000000% 0.023107% 0.000000% 0.369099% 90 Days 0.042385% 0.000000% 0.014128% 0.000000% 0.056513% 0.092995% 0.000000% 0.033327% 0.000000% 0.126322% 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 1.921447% 0.070641% 0.042385% 0.000000% 2.034473% 1.879062% 0.082613% 0.056434% 0.000000% 2.018109%
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 8 1 0 0 9 565,457.84 191,836.05 0.00 0.00 757,293.89 60 Days 3 0 0 0 3 214,232.75 0.00 0.00 0.00 214,232.75 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 11 1 0 0 12 779,690.59 191,836.05 0.00 0.00 971,526.64 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.899888% 0.112486% 0.000000% 0.000000% 1.012373% 0.481172% 0.163242% 0.000000% 0.000000% 0.644414% 60 Days 0.337458% 0.000000% 0.000000% 0.000000% 0.337458% 0.182300% 0.000000% 0.000000% 0.000000% 0.182300% 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 1.237345% 0.112486% 0.000000% 0.000000% 1.349831% 0.663472% 0.163242% 0.000000% 0.000000% 0.826714% 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 1 0 0 1 259,926.76 0.00 0.00 259,926.76 30 Days 34 0 0 0 34 5,981,976.02 0.00 0.00 0.00 5,981,976.02 60 Days 9 0 1 0 10 1,860,232.48 0.00 197,533.82 0.00 2,057,766.30 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 43 1 1 0 45 7,842,208.50 259,926.76 197,533.82 0.00 8,299,669.08 0-29 Days 0.048356% 0.000000% 0.000000% 0.048356% 0.067703% 0.000000% 0.000000% 0.067703% 30 Days 1.644101% 0.000000% 0.000000% 0.000000% 1.644101% 1.558131% 0.000000% 0.000000% 0.000000% 1.558131% 60 Days 0.435203% 0.000000% 0.048356% 0.000000% 0.483559% 0.484536% 0.000000% 0.051452% 0.000000% 0.535988% 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 2.079304% 0.048356% 0.048356% 0.000000% 2.176015% 2.042667% 0.067703% 0.051452% 0.000000% 2.161823% 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 6 0 0 0 6 803,382.44 0.00 0.00 0.00 803,382.44 60 Days 1 0 0 0 1 99,953.35 0.00 0.00 0.00 99,953.35 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 7 0 0 0 7 903,335.79 0.00 0.00 0.00 903,335.79 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.576369% 0.000000% 0.000000% 0.000000% 0.576369% 0.525889% 0.000000% 0.000000% 0.000000% 0.525889% 60 Days 0.096061% 0.000000% 0.000000% 0.000000% 0.096061% 0.065429% 0.000000% 0.000000% 0.000000% 0.065429% 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 0.672430% 0.000000% 0.000000% 0.000000% 0.672430% 0.591317% 0.000000% 0.000000% 0.000000% 0.591317% 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 2 0 0 2 617,769.74 0.00 0.00 617,769.74 30 Days 45 0 0 0 45 8,375,069.79 0.00 0.00 0.00 8,375,069.79 60 Days 14 0 1 0 15 2,139,502.98 0.00 107,527.80 0.00 2,247,030.78 90 Days 2 0 1 0 3 677,750.00 0.00 440,000.00 0.00 1,117,750.00 120 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 61 2 2 0 65 11,192,322.77 617,769.74 547,527.80 0.00 12,357,620.31 0-29 Days 0.098087% 0.000000% 0.000000% 0.098087% 0.131493% 0.000000% 0.000000% 0.131493% 30 Days 2.206964% 0.000000% 0.000000% 0.000000% 2.206964% 1.782644% 0.000000% 0.000000% 0.000000% 1.782644% 60 Days 0.686611% 0.000000% 0.049044% 0.000000% 0.735655% 0.455396% 0.000000% 0.022887% 0.000000% 0.478283% 90 Days 0.098087% 0.000000% 0.049044% 0.000000% 0.147131% 0.144260% 0.000000% 0.093655% 0.000000% 0.237914% 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 2.991663% 0.098087% 0.098087% 0.000000% 3.187837% 2.382300% 0.131493% 0.116542% 0.000000% 2.630335% 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 1 0 0 1 21,146.45 0.00 0.00 21,146.45 30 Days 5 0 0 0 5 919,981.44 0.00 0.00 0.00 919,981.44 60 Days 2 0 0 0 2 253,980.00 0.00 0.00 0.00 253,980.00 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 7 1 0 0 8 1,173,961.44 21,146.45 0.00 0.00 1,195,107.89 0-29 Days 0.184502% 0.000000% 0.000000% 0.184502% 0.035813% 0.000000% 0.000000% 0.035813% 30 Days 0.922509% 0.000000% 0.000000% 0.000000% 0.922509% 1.558041% 0.000000% 0.000000% 0.000000% 1.558041% 60 Days 0.369004% 0.000000% 0.000000% 0.000000% 0.369004% 0.430130% 0.000000% 0.000000% 0.000000% 0.430130% 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 1.291513% 0.184502% 0.000000% 0.000000% 1.476015% 1.988171% 0.035813% 0.000000% 0.000000% 2.023983% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 6 0 0 0 6 2,366,486.96 0.00 0.00 0.00 2,366,486.96 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 550,000.00 0.00 0.00 0.00 550,000.00 120 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 7 0 0 0 7 2,916,486.96 0.00 0.00 0.00 2,916,486.96 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.202405% 0.000000% 0.000000% 0.000000% 1.202405% 1.725209% 0.000000% 0.000000% 0.000000% 1.725209% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.200401% 0.000000% 0.000000% 0.000000% 0.200401% 0.400959% 0.000000% 0.000000% 0.000000% 0.400959% 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 1.402806% 0.000000% 0.000000% 0.000000% 1.402806% 2.126168% 0.000000% 0.000000% 0.000000% 2.126168%
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 7.123914% Weighted Average Net Coupon 6.623914% Weighted Average Pass-Through Rate 6.081266% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 7,182 Number Of Loans Paid In Full 104 Ending Scheduled Collateral Loan Count 7,078 Beginning Scheduled Collateral Balance 1,341,468,676.16 Ending Scheduled Collateral Balance 1,319,343,588.85 Ending Actual Collateral Balance at 30-Nov-2004 1,320,233,331.22 Monthly P &I Constant 8,910,179.68 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 946,423.73 Unscheduled Principal 21,178,663.58
Miscellaneous Reporting Monthly Excess Cashflow 3,701,749.72 Overcollateralization Amount 6,841,182.53 Overcollateralization Deficiency 0.00 Targeted Overcollateralization Amount 6,841,182.53 Pool 1 Cap Payment 0.00 Class A6 Cap Payment 0.00 General Cap Payment 199,960.01
Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.546265 7.010392 6.984884 Weighted Average Net Rate 7.046265 6.510392 6.484884 Weighted Average Maturity 350 350 346 Beginning Loan Count 900 2,093 1,053 Loans Paid In Full 11 25 12 Ending Loan Count 889 2,068 1,041 Beginning Scheduled Balance 119,350,460.94 389,227,028.23 153,989,707.33 Ending scheduled Balance 117,426,096.54 383,639,865.00 152,644,444.38 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 856,121.63 2,561,422.22 1,042,912.05 Scheduled Principal 105,579.81 287,560.57 146,578.47 Unscheduled Principal 1,818,784.59 5,299,602.66 1,198,684.48 Scheduled Interest 750,541.82 2,273,861.65 896,333.58 Servicing Fees 49,729.36 162,177.93 64,162.38 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 99.46 324.36 128.32 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 47,334.94 201,012.40 12,968.10 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 653,378.06 1,910,346.96 819,074.78 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 6.569339 5.889664 6.382827
Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.106899 8.040191 6.897362 Weighted Average Net Rate 6.606899 7.540191 6.397362 Weighted Average Maturity 346 345 345 Beginning Loan Count 2,085 547 504 Loans Paid In Full 46 5 5 Ending Loan Count 2,039 542 499 Beginning Scheduled Balance 481,168,870.90 59,650,673.32 138,081,935.44 Ending scheduled Balance 469,526,276.90 59,001,656.33 137,105,249.70 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 3,131,623.94 453,067.62 865,032.22 Scheduled Principal 281,941.60 53,398.60 71,364.68 Unscheduled Principal 11,360,652.40 595,618.39 905,321.06 Scheduled Interest 2,849,682.34 399,669.02 793,667.54 Servicing Fees 200,487.03 24,854.45 57,534.14 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 400.97 49.71 115.07 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 227,860.72 12,339.42 103,986.80 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 2,420,933.62 362,425.44 632,031.53 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 6.037632 7.290958 5.492665
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.123914 Weighted Average Net Rate 6.623914 Weighted Average Maturity 350.00 Record Date 11/30/2004 Principal And Interest Constant 8,910,179.68 Beginning Loan Count 7,182 Loans Paid In Full 104 Ending Loan Count 7,078 Beginning Scheduled Balance 1,341,468,676.16 Ending Scheduled Balance 1,319,343,588.85 Scheduled Principal 946,423.73 Unscheduled Principal 21,178,663.58 Scheduled Interest 7,963,755.95 Servicing Fee 558,945.29 Master Servicing Fee 0.00 Trustee Fee 1,117.89 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 605,502.38 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 6,798,190.39 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.081266
Ex 99.2
theMurrayhillcompany SAIL 2004-9 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 2004-9 Executive Summary November 2004 Transaction Summary Closing Date: 09/30/2004 Depositor: Structured Asset Securities Corporation 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 $1,369,646,768 $966,218,128 70.54% Loan Count 7,285 5,133 70.46% 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* 1 $161,024 First Payment Defaults 28 $5,538,650 Early Payment Defaults** 14 $3,513,226 Multiple Loans to One Borrower 2 $144,000 *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 373 $21,478,103 30 Days Delinquent 2 $151,983 60 Days Delinquent 0 $0 90+ Days Delinquent 0 $0 c 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation of Prepayment Premiums for SAIL 2004-9 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 P Class $174,351 $85,554 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 TOTAL $174,351 $85,554 Section 3: Reconciliation of the amounts remitted to the P class by the trustee and the amounts remitted by the servicers to the trustee. Amount remitted to the P Class: $174,351 Amount remitted by servicer: $174,351 Difference: $0 *In the 11/25/2004 remittance cycle, data received by Murrayhill from two of the servicers was incomplete. We were able to reconcile the prepayment premiums, however the loans counts are incomplete. We have requested updated files from these parties and will provide an update in next months report. Aggregate Paid-Off Loans Report for SAIL 2004-9 Mortgage Data Through: October 31, 2004 Trustee Remittance Date 25-Nov-04 25-Oct-04 Loans with Active Prepayment Flags with Premiums 19 6 Remitted (A) Loans without Prepayment Flags wtih Premiums Remitted 0 0 Total Loans with Remitted Premiums (B) 19 6 Loans with Active Prepayment Flags (C) 20 6 Loans without Prepayment Flags with Premiums Remitted 0 0 Subtotal (D) 20 6 Premiums Remitted for loans with Active Prepayment 95.0% 100.0% Flags (A/C) Total Loans with Premiums Remitted to the Subtotal (B/D) 95.0% 100.0% Total Paid-Off Loans (E) 56 16 Total Loans with Premiums Remitted to the Total Paid-Off 33.9% 37.5% Loans (B/E) Paid-Off Loans Exception Report for SAIL 2004-9 Mortgage Data Through: October 31, 2004 Total Total Paid-Off Loans with Flags 21 Less Exceptions: Loans with Expired Prepayment Clauses (as stated in the Note)* 0 Loans that Contained a Clause Allowing Prepayment Premiums to be Waived at the Time of Liquidation* 1 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* 0 Total Paid-Off Loans with Active Prepayment Flags (C) 20 Other Exceptions: Paid-Off Loans that Did Not have Premiums Collected because of State Statutes 0 Paid-Off Loans with Active Prepayment Flags that Have Not Remitted Premiums 1 * These categories are mutually exclusive. Paid-Off Loans With Prepayment Flags for SAIL 2004-9 Mortgage Data Through: October 31, 2004 Delinquency Origination PPP Loan Number Exp. Date String Date Flag 5550594 C0 7/20/2004 2 7/20/2006 5555024 C0 8/5/2004 2 8/5/2006 5548232 C0 5/24/2004 1 5/24/2005 5549141 C0 7/1/2004 1 7/1/2005 5555000 30 11/14/2002 3 11/14/2005 5547994 C0 3/1/2004 2 3/1/2006 5548224 C0 5/20/2004 2 5/20/2006 5548290 C0 6/11/2004 2 6/11/2006 5555059 C0 6/29/2004 2 6/29/2006 5551695 C0 7/8/2004 2 7/8/2006 5549562 C0 7/15/2004 2 7/15/2006 5549461 C0 7/19/2004 2 7/19/2006 5553265 C0 7/29/2004 2 7/29/2006 5551981 C0 7/30/2004 2 7/30/2006 5550023 C0 8/10/2004 2 8/10/2006 5548180 C0 5/13/2004 3 5/13/2007 5548361 C0 5/25/2004 3 5/25/2007 5553202 C0 7/22/2004 3 7/22/2007 5551737 C0 7/26/2004 3 7/26/2007 Paid-Off Loans With Prepayment Flags for SAIL 2004-9 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 5550594 $ 61,889 $ - 0% 5550594 Awaiting response from servicer. 5555024 $ 316,000 $ - 0% Sale clause contained in the note 5548232 $ 155,936 $ 4,841 3% 5549141 $ 121,335 $ 3,861 3% 5555000 $ 316,877 $ 12,564 4% 5547994 $ 179,380 $ 4,591 3% 5548224 $ 412,855 $ 13,049 3% 5548290 $ 259,472 $ 8,289 3% 5555059 $ 217,600 $ 5,658 3% 5551695 $ 366,000 $ 8,345 2% 5549562 $ 355,943 $ 9,608 3% 5549461 $ 237,781 $ 6,141 3% 5553265 $ 387,196 $ 2,497 1% 5551981 $ 169,332 $ 6,430 4% 5550023 $ 261,000 $ 7,820 3% 5548180 $ 220,362 $ 6,780 3% 5548361 $ 99,697 $ 2,968 3% 5553202 $ 440,300 $ 10,831 2% 5551737 $ 174,695 $ 4,685 3% c 2004 The Murrayhill Company. All Rights Reserved. Section Three Analytics Sail 2004-9 FICO Distribution by Status Mortgage Data Through: October 31, 2004 FICO Delinquency Percentage 500 Current 0.004 500 Delinquent 0.023 510 Current 0.012 520 Current 0.025 520 Delinquent 0.091 520 Paid Off 0.065 530 Current 0.032 530 Paid Off 0.016 540 Current 0.035 540 Delinquent 0.091 550 Current 0.035 550 Delinquent 0.023 550 Paid Off 0.032 560 Current 0.035 560 Delinquent 0.023 560 Paid Off 0.048 570 Current 0.039 570 Delinquent 0.045 570 Paid Off 0.016 580 Current 0.049 580 Delinquent 0.091 590 Current 0.045 590 Delinquent 0.045 590 Paid Off 0.032 600 Current 0.05 600 Delinquent 0.023 600 Paid Off 0.016 610 Current 0.065 610 Delinquent 0.068 610 Paid Off 0.048 620 Current 0.062 620 Delinquent 0.091 620 Paid Off 0.081 630 Current 0.064 630 Delinquent 0.045 640 Current 0.059 640 Delinquent 0.023 640 Paid Off 0.048 650 Current 0.054 650 Delinquent 0.045 650 Paid Off 0.065 660 Current 0.051 660 Delinquent 0.045 660 Paid Off 0.032 670 Current 0.042 670 Paid Off 0.065 680 Current 0.04 680 Delinquent 0.045 680 Paid Off 0.081 690 Current 0.031 690 Paid Off 0.048 700 Current 0.028 700 Delinquent 0.023 700 Paid Off 0.016 710 Current 0.025 710 Delinquent 0.023 710 Paid Off 0.065 720 Current 0.022 720 Delinquent 0.045 720 Paid Off 0.048 730 Current 0.021 730 Delinquent 0.023 730 Paid Off 0.048 740 Current 0.015 740 Delinquent 0.023 740 Paid Off 0.048 750 Current 0.014 Sail 2004-9 Loan-to-Value Distribution by Status Mortgage Data Through: October 31, 2004 LTV Delinquency Percentage 0.1 Current 0.002 0.2 Current 0.072 0.2 Paid Off 0.065 0.2 Delinquent 0.045 0.3 Paid Off 0.016 0.3 Current 0.006 0.4 Paid Off 0.032 0.4 Current 0.014 0.5 Current 0.034 0.5 Paid Off 0.032 0.6 Current 0.06 0.6 Paid Off 0.097 0.6 Delinquent 0.045 0.7 Paid Off 0.129 0.7 Current 0.118 0.7 Delinquent 0.023 0.8 Paid Off 0.323 0.8 Delinquent 0.591 0.8 Current 0.374 0.9 Paid Off 0.258 0.9 Delinquent 0.25 0.9 Current 0.239 1 Delinquent 0.045 1 Paid Off 0.048 1 Current 0.08 # of Std. Status Loans Average Deviation Current 5,089 0.745 0.197 Delinquent 44 0.787 0.151 Paid Off 62 0.73 0.202 Total: 5,195 SAIL 2004-9 Balance Distribution by Status Mortgage Data Through: October 31, 2004 Balance Delinquency Percentage 10000 Current 0.001 20000 Current 0.008 30000 Current 0.027 40000 Current 0.034 50000 Current 0.034 50000 Delinquent 0.023 60000 Current 0.038 60000 Delinquent 0.068 70000 Current 0.031 70000 Delinquent 0.068 80000 Current 0.038 80000 Delinquent 0.023 90000 Current 0.035 90000 Delinquent 0.023 100000 Current 0.037 110000 Current 0.042 110000 Delinquent 0.091 120000 Current 0.042 120000 Delinquent 0.091 130000 Current 0.04 130000 Delinquent 0.068 140000 Current 0.037 140000 Delinquent 0.045 150000 Current 0.035 150000 Delinquent 0.023 160000 Current 0.039 160000 Delinquent 0.023 170000 Current 0.034 170000 Delinquent 0.023 180000 Current 0.034 190000 Current 0.033 190000 Delinquent 0.023 200000 Current 0.031 200000 Delinquent 0.023 210000 Current 0.026 220000 Current 0.03 220000 Delinquent 0.023 230000 Current 0.019 240000 Current 0.019 250000 Current 0.022 250000 Delinquent 0.023 260000 Current 0.019 260000 Delinquent 0.068 270000 Current 0.015 280000 Current 0.016 280000 Delinquent 0.023 290000 Current 0.013 300000 Current 0.013 300000 Delinquent 0.023 310000 Current 0.013 310000 Delinquent 0.023 320000 Current 0.011 330000 Current 0.01 330000 Delinquent 0.023 340000 Current 0.011 340000 Delinquent 0.045 350000 Current 0.008 360000 Current 0.01 360000 Delinquent 0.023 370000 Current 0.008 380000 Current 0.01 390000 Current 0.005 400000 Current 0.008 410000 Current 0.005 420000 Current 0.005 430000 Current 0.004 440000 Current 0.004 SAIL 2004-9 Mortgage Type Distribution by Status Mortgage Data Through: October 31, 2004 Mortgage Type Delinquency Percentage Investment Home Current 0.111 Investment Home Delinquent 0.114 Investment Home Paid Off 0.21 Primary Home Current 0.878 Primary Home Delinquent 0.886 Primary Home Paid Off 0.774 Second Home Current 0.011 Second Home Paid Off 0.016 Mortgage Loan Total Avg. Std. Type Count Balance Balance Deviation (Unknown) 1 398,262.17 398,262.17 ARM 3,373 704,931,191.29 208,992.35 128,266.59 Balloon 265 21,652,473.87 81,707.45 66,148.48 Fixed 1,556 239,236,200.29 153,750.77 114,640.27 Total: 5,195 966,218,127.62 SAIL 2004-9 Mortgage Term Distribution by Status Mortgage Data Through: October 31, 2004 Mortgage Term Delinquency Percentage 120 Current 0 180 Current 0.079 180 Delinquent 0.045 180 Paid Off 0.065 240 Paid Off 0.016 240 Current 0.038 300 Current 0.001 360 Current 0.882 360 Paid Off 0.919 360 Delinquent 0.955 Number of Loans Other 120 180 240 300 360 5,195 0 2 409 194 4 4,586 SAIL 2004-9 Mortgage Purpose Distribution Mortgage Data Through: October 31, 2004 Purpose Number Percentage Cash-out refinance 3,352 46.0% Purchase 3,141 43.1% Rate/term 567 7.8% Home 62 0.9% Other 163 2.2% Total 7,285 100% Current Loans Number of Loans: 5,089 Purpose Number Percentage Cash-out refinance 2,586 50.8% Purchase 1,997 39.2% Rate/term 348 6.8% Home 2 0.0% Other 156 3.1% Total 5,089 100% Delinquent Loans Number of Loans: 44 Purpose Number Percentage Cash-out refinance 16 36.4% Purchase 20 45.5% Rate/term 6 13.6% Home 0 0.0% Other 2 4.5% Total 44 100% Paid Off Loans Number of Loans: 62 Purpose Number Percentage Cash-out refinance 28 45.2% Purchase 26 41.9% Rate/term 3 4.8% Home 1 1.6% Other 4 6.5% Total 62 100% SAIL 2004-9 Ownership Distribution by Status Mortgage Data Through: October 31, 2004 Ownership Type Delinquency Percentage Investment Home Current 0.111 Investment Home Delinquent 0.114 Investment Home Paid Off 0.21 Primary Home Current 0.878 Primary Home Delinquent 0.886 Primary Home Paid Off 0.774 Second Home Current 0.011 Second Home Paid Off 0.016 Title # of Loans Investment Home 583 Primary Home 4,557 Second Home 55 Total: 5,195 SAIL 2004-9 Delinquent Count Over Time Mortgage Data Through: october 31, 2004 Total Count in Status AsOfDate 30 Days 60 Days 90 Days 31-Oct-04 38 2 0 30-Sep-04 7 1 0 Foreclosure REO 31-Oct-04 4 0 30-Sep-04 0 0 SAIL 2004-9 Delinquent Balance Over Time Mortgage Data Through: October 31, 2004 Total Balance in Status AsOfDate 30 Days 60 Days 90 Days 31-Oct-04 $6,743,502 $773,793 $0 30-Sep-04 $2,733,095 $319,447 $0 Foreclosure REO 31-Oct-04 $1,866,253 - 30-Sep-04 - - SAIL 2004-9 Historical SDA Performance Mortgage Data Through: October 31, 2004 Weighted Monthly Average Default Default CDR SDA Date Age Amt Rate (F-R) Curve SDA % 31-Oct-04 2.35 $0 0.00% 0.00% 0.05% 0% 30-Sep-04 1.01 $0 0.00% 0.00% 0.02% 0% Averages: 1.68 $0 0.00% 0.00% 0.03% 0% c 2004 The Murrayhill Company. All Rights Reserved.
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