-----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, Q/6ueq3ijFzPyCNREe82nFVT56MKIbadz3C13Y3O0atw94lHEBC9ccaMK37CRN+k lznxy46uTwNDQi92kUvqcg== 0000950134-04-006943.txt : 20040507 0000950134-04-006943.hdr.sgml : 20040507 20040507152216 ACCESSION NUMBER: 0000950134-04-006943 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040420 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA RESIDENTIAL FUNDING INC CENTRAL INDEX KEY: 0001176320 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 352170972 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-90772-01 FILM NUMBER: 04788933 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 f98764ie8vk.htm FORM 8-K e8vk
 

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

April 20, 2004
Date of Report (Date of Earliest Event Reported)

SEQUOIA RESIDENTIAL FUNDING, INC.
(as Depositor of Sequoia Mortgage Trust 2004-2, the Issuer of Mortgage Pass-
Through Certificates under a Pooling and Servicing Agreement
dated as of February 1, 2004)

SEQUOIA RESIDENTIAL FUNDING, INC.

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   333-103634-01   35-2170972
  		 
  		 
 
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer 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)

 

 

INFORMATION TO BE INCLUDED IN THE REPORT

         
Item 5.   Other Events
       
    Sequoia Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 2004-2 (the “Certificates”).
       
    The following exhibit which relates specifically to the Certificates is included with this Current Report:
       
Item 7(c).   Exhibits
       
  10.1    Monthly Payment Date Statement relating to the distribution to Certificateholders, April 20, 2004.

 

 

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: May 6, 2004
        
 
        
    SEQUOIA RESIDENTIAL FUNDING, INC.
 
        
  By:   /s/ Harold F. Zagunis
     
 
      Harold F. Zagunis
      Chief Financial Officer, Treasurer and Secretary

 

 

EXHIBIT INDEX

                 
Exhibit Number
       Page Number
  10.1    
Monthly Payment Date Statement relating to the distribution to Certificateholders, April 20, 2004
    5  

 

EX-10.1 2 f98764iexv10w1.htm EXHIBIT 10.1 exv10w1
 

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 2004-2
Record Date: March 31, 2004
Distribution Date: April 20, 2004

Certificateholder Distribution Summary

                                                                                 
            Certificate   Certificate   Beginning                   Current   Ending           Cumulative
            Class   Pass-Through   Certificate   Interest   Principal   Realized   Certificate   Total   Realized
Class
   CUSIP
   Description
   Rate
   Balance
   Distribution
   Distribution
   Loss
   Balance
   Distribution
   Loss
A
     81744FAN7     SEN     1.45000 %     670,537,730.94       810,233.10       6,791,430.27       0.00       663,746,300.67       7,601,663.37       0.00  
X-1
     81744FAP2     IO     0.80000 %     0.00       431,543.24       0.00       0.00       0.00       431,543.24       0.00  
X-2
     81744FAQ0     IO     0.53142 %     0.00       296,949.53       0.00       0.00       0.00       296,949.53       0.00  
X-B
     81744FAR8     IO     0.98259 %     0.00       15,189.12       0.00       0.00       0.00       15,189.12       0.00  
B-1
     81744FAT4     SUB     1.59000 %     11,550,000.00       15,303.75       0.00       0.00       11,550,000.00       15,303.75       0.00  
B-2
     81744FAU1     SUB     2.07000 %     7,000,000.00       12,075.00       0.00       0.00       7,000,000.00       12,075.00       0.00  
B-3
     81744FAV9     SUB     2.75372 %     3,150,000.00       7,228.51       0.00       0.00       3,150,000.00       7,228.51       0.00  
B-4
     81744FAW7     SUB     2.75372 %     1,750,000.00       4,015.84       0.00       0.00       1,750,000.00       4,015.84       0.00  
B-5
     81744FAX5     SUB     2.75372 %     1,400,000.00       3,212.67       0.00       0.00       1,400,000.00       3,212.67       0.00  
B-6
     81744FAY6     SUB     2.75372 %     3,150,069.00       7,228.67       0.00       0.00       3,150,069.00       7,228.67       0.00  
A-R
     81744FAS6     RES     2.74994 %     0.00       0.00       0.00       0.00       0.00       0.00       0.00  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Totals
                             698,537,799.94       1,602,979.43       6,791,430.27       0.00       691,746,369.67       8,394,409.70       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                   Total   Ending   Ending   Total
    Face   Certificate   Principal   Principal           Realized   Principal   Certificate   Certificate   Principal
Class
   Amount
   Balance
   Distribution
   Distribution
   Accretion
   Loss (1)
   Reduction
   Balance
   Percentage
   Distribution
A
     671,998,000.00       670,537,730.94       0.00       6,791,430.27       0.00       0.00       6,791,430.27       663,746,300.67       0.98772065       6,791,430.27  
X-1
     0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00000000       0.00  
X-2
     0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00000000       0.00  
X-B
     0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00000000       0.00  
B-1
     11,550,000.00       11,550,000.00       0.00       0.00       0.00       0.00       0.00       11,550,000.00       1.00000000       0.00  
B-2
     7,000,000.00       7,000,000.00       0.00       0.00       0.00       0.00       0.00       7,000,000.00       1.00000000       0.00  
B-3
     3,150,000.00       3,150,000.00       0.00       0.00       0.00       0.00       0.00       3,150,000.00       1.00000000       0.00  
B-4
     1,750,000.00       1,750,000.00       0.00       0.00       0.00       0.00       0.00       1,750,000.00       1.00000000       0.00  
B-5
     1,400,000.00       1,400,000.00       0.00       0.00       0.00       0.00       0.00       1,400,000.00       1.00000000       0.00  
B-6
     3,150,069.00       3,150,069.00       0.00       0.00       0.00       0.00       0.00       3,150,069.00       1.00000000       0.00  
A-R
     100.00       100.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00000000       0.00  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Totals
     699,998,169.00       698,537,799.94       0.00       6,791,430.27       0.00       0.00       6,791,430.27       691,746,369.67       0.98821168       6,791,430.27  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  

(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

                                                                                 
    Original   Beginning   Scheduled   Unscheduled                   Total   Ending   Ending   Total
    Face   Certificate   Principal   Principal           Realized   Principal   Certificate   Certificate   Principal
Class
   Amount
   Balance
   Distribution
   Distribution
   Accretion
   Loss (3)
   Reduction
   Balance
   Percentage
   Distribution
A
     671,998,000.00       997.82697410       0.00000000       10.10632512       0.00000000       0.00000000       10.10632512       987.72064898       0.98772065       10.10632512  
X-1
     0.00       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000  
X-2
     0.00       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000  
X-B
     0.00       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000  
B-1
     11,550,000.00       1000.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       1000.00000000       1.00000000       0.00000000  
B-2
     7,000,000.00       1000.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       1000.00000000       1.00000000       0.00000000  
B-3
     3,150,000.00       1000.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       1000.00000000       1.00000000       0.00000000  
B-4
     1,750,000.00       1000.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       1000.00000000       1.00000000       0.00000000  
B-5
     1,400,000.00       1000.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       1000.00000000       1.00000000       0.00000000  
B-6
     3,150,069.00       1000.00000000       0.00000000       0.00000000       0.00000000       0.00000000       0.00000000       1000.00000000       1.00000000       0.00000000  
A-R
     100.00       1000.00000000       0.00000000       0.00000000       0.00000000       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           Non-                   Remaining   Ending
    Original   Current   Certificate/   Current   of Unpaid   Current   Supported           Total   Unpaid   Certificate/
    Face   Certificate   Notional   Accrued   Interest   Interest   Interest   Realized   Interest   Interest   Notational
Class
   Amount
   Rate
   Balance
   Interest
   Shortfall
   Shortfall
   Shortfall
   Loss (4)
   Distribution
   Shortfall
   Balance
A
     671,998,000.00       1.45000 %     670,537,730.94       810,233.09       0.00       0.00       0.00       0.00       810,233.10       0.00       663,746,300.67  
X-1
     0.00       0.80000 %     647,314,859.62       431,543.24       0.00       0.00       0.00       0.00       431,543.24       0.00       623,501,996.31  
X-2
     0.00       0.53142 %     670,537,730.94       296,949.53       0.00       0.00       0.00       0.00       296,949.53       0.00       663,746,300.67  
X-B
     0.00       0.98259 %     18,550,000.00       15,189.12       0.00       0.00       0.00       0.00       15,189.12       0.00       18,550,000.00  
B-1
     11,550,000.00       1.59000 %     11,550,000.00       15,303.75       0.00       0.00       0.00       0.00       15,303.75       0.00       11,550,000.00  
B-2
     7,000,000.00       2.07000 %     7,000,000.00       12,075.00       0.00       0.00       0.00       0.00       12,075.00       0.00       7,000,000.00  
B-3
     3,150,000.00       2.75372 %     3,150,000.00       7,228.51       0.00       0.00       0.00       0.00       7,228.51       0.00       3,150,000.00  
B-4
     1,750,000.00       2.75372 %     1,750,000.00       4,015.84       0.00       0.00       0.00       0.00       4,015.84       0.00       1,750,000.00  
B-5
     1,400,000.00       2.75372 %     1,400,000.00       3,212.67       0.00       0.00       0.00       0.00       3,212.67       0.00       1,400,000.00  
B-6
     3,150,069.00       2.75372 %     3,150,069.00       7,228.67       0.00       0.00       0.00       0.00       7,228.67       0.00       3,150,069.00  
A-R
     100.00       2.74994 %     0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Totals
     699,998,169.00                       1,602,979.42       0.00       0.00       0.00       0.00       1,602,979.43       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           Non-                   Remaining   Ending
    Original   Current   Certificate/   Current   of Unpaid   Current   Supported           Total   Unpaid   Certificate/
Class   Face   Certificate   Notional   Accrued   Interest   Interest   Interest   Realized   Interest   Interest   Notational
(5)
   Amount
   Rate
   Balance
   Interest
   Shortfall
   Shortfall
   Shortfall
   Loss (6)
   Distribution
   Shortfall
   Balance
A
     671,998,000.00       1.45000 %     997.82697410       1.20570759       0.00000000       0.00000000       0.00000000       0.00000000       1.20570761       0.00000000       987.72064898  
X-1
     0.00       0.80000 %     963.26902702       0.64217935       0.00000000       0.00000000       0.00000000       0.00000000       0.64217935       0.00000000       927.83311306  
X-2
     0.00       0.53142 %     997.82697410       0.44189050       0.00000000       0.00000000       0.00000000       0.00000000       0.44189050       0.00000000       987.72064898  
X-B
     0.00       0.98259 %     1000.00000000       0.81882049       0.00000000       0.00000000       0.00000000       0.00000000       0.81882049       0.00000000       1000.00000000  
B-1
     11,550,000.00       1.59000 %     1000.00000000       1.32500000       0.00000000       0.00000000       0.00000000       0.00000000       1.32500000       0.00000000       1000.00000000  
B-2
     7,000,000.00       2.07000 %     1000.00000000       1.72500000       0.00000000       0.00000000       0.00000000       0.00000000       1.72500000       0.00000000       1000.00000000  
B-3
     3,150,000.00       2.75372 %     1000.00000000       2.29476508       0.00000000       0.00000000       0.00000000       0.00000000       2.29476508       0.00000000       1000.00000000  
B-4
     1,750,000.00       2.75372 %     1000.00000000       2.29476571       0.00000000       0.00000000       0.00000000       0.00000000       2.29476571       0.00000000       1000.00000000  
B-5
     1,400,000.00       2.75372 %     1000.00000000       2.29476429       0.00000000       0.00000000       0.00000000       0.00000000       2.29476429       0.00000000       1000.00000000  
B-6
     3,150,069.00       2.75372 %     1000.00000000       2.29476561       0.00000000       0.00000000       0.00000000       0.00000000       2.29476561       0.00000000       1000.00000000  
A-R
     100.00       2.74994 %     0.00000000       0.00000000       0.00000000       0.00000000       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
     8,612,961.44  
Liquidations, Insurance Proceeds, Reserve Funds
     0.00  
Proceeds from Repurchased Loans
     0.00  
Other Amounts (Servicer Advances)
     13,745.51  
Realized Losses (Gains, Subsequent Expenses & Recoveries)
     0.00  
Prepayment Penalties
     0.00  
 
    
 		  
Total Deposits
     8,626,706.95  
Withdrawals
        
Reimbursement for Servicer Advances
     7,090.43  
Payment of Service Fee
     225,206.83  
Payment of Interest and Principal
     8,394,409.69  
 
    
 		  
Total Withdrawals (Pool Distribution Amount)
     8,626,706.95  
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
     219,676.74  
Master Servicing Fee
     5,530.09  
Supported Prepayment/Curtailment Interest Shortfall
     0.00  
 
    
 		  
Net Servicing Fee
     225,206.83  
 
    
 		  

Other Accounts

                                 
    Beginning   Current   Current   Ending
Account Type
   Balance
   Withdrawals
   Deposits
   Balance
Class X-1 Sub Account
     4,500.00       0.00       0.00       4,500.00  
Class X-2 Sub Account
     4,500.00       0.00       0.00       4,500.00  
Class X-B Sub Account
     1,000.00       0.00       0.00       1,000.00  

 

 

Loan Status Stratification/Credit Enhancement Statement

                                                                                                 
DELINQUENT
   BANKRUPTCY
   FORECLOSURE
   REO
   TOTAL
    No. of   Principal       No. of   Principal       No. of   Principal       No. of   Principal       No. of   Principal
    Loans
   Balance
       Loans
   Balance
       Loans
   Balance
       Loans
   Balance
       Loans
   Balance
0-29 Days
    0       0.00     0-29 Days     0       0.00     0-29 Days     0       0.00     0-29 Days     0       0.00     0-29 Days     0       0.00  
30 Days
    14       5,638,913.71     30 Days     0       0.00     30 Days     0       0.00     30 Days     0       0.00     30 Days     14       5,638,913.71  
60 Days
    0       0.00     60 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     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     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     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     180+ Days     0       0.00     180+ Days     0       0.00  
   
 		      
 		          
 		      
 		          
 		      
 		          
 		      
 		          
 		      
 		  
    14       5,638,913.71           0       0.00           0       0.00           0       0.00           14       5,638,913.71  
 
                                                                                                
  No. of   Principal       No. of   Principal       No. of   Principal       No. of   Principal       No. of   Principal
  Loans   Balance       Loans   Balance       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 %   0-29 Days     0.000000 %     0.000000 %   0-29 Days     0.000000 %     0.000000 %
30 Days
    0.700000 %     0.815167 %   30 Days     0.000000 %     0.000000 %   30 Days     0.000000 %     0.000000 %   30 Days     0.000000 %     0.000000 %   30 Days     0.700000 %     0.815167 %
60 Days
    0.000000 %     0.000000 %   60 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 %   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 %   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 %   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 %   180+ Days     0.000000 %     0.000000 %   180+ Days     0.000000 %     0.000000 %
   
 		      
 		          
 		      
 		          
 		      
 		          
 		      
 		          
 		      
 		  
    0.700000 %     0.815167 %         0.000000 %     0.000000 %         0.000000 %     0.000000 %         0.000000 %     0.000000 %         0.700000 %     0.815167 %
 
                                                                                                
Current Period Class A Insufficient Funds:     0.00     Principal Balance of Contaminated Properties   0.00    Periodic Advance     13,745.51  
                                                 
    Original $
   Original%
   Current $
   Current %
   Current Class %
   Prepayment %
Class A
     28,000,069.00       4.00002032 %     28,000,069.00       4.04773631 %     95.952264 %     0.000000 %
Class X-1
     28,000,069.00       4.00002032 %     28,000,069.00       4.04773631 %     0.000000 %     0.000000 %
Class X-2
     28,000,069.00       4.00002032 %     28,000,069.00       4.04773631 %     0.000000 %     0.000000 %
Class B-1
     16,450,069.00       2.35001600 %     16,450,069.00       2.37804920 %     1.669687 %     41.249898 %
Class B-2
     9,450,069.00       1.35001339 %     9,450,069.00       1.36611761 %     1.011932 %     24.999938 %
Class B-3
     6,300,069.00       0.90001221 %     6,300,069.00       0.91074840 %     0.455369 %     11.249972 %
Class B-4
     4,550,069.00       0.65001156 %     4,550,069.00       0.65776550 %     0.252983 %     6.249985 %
Class B-5
     3,150,069.00       0.45001103 %     3,150,069.00       0.45537919 %     0.202386 %     4.999988 %
Class B-6
     0.00       0.00000000 %     0.00       0.00000000 %     0.455379 %     11.250219 %

Please refer to the prospectus supplement for a full description of loss exposure

 

 

Collateral Statement

         
Collateral Description
   Mixed Arm
Weighted Average Gross Coupon
     3.140594 %
Weighted Average Net Coupon
     2.763217 %
Weighted Average Pass-Through Rate
     2.753717 %
Weighted Average Maturity (Stepdown Calculation)
     343  
Beginning Scheduled Collateral Loan Count
     2,011  
Number of Loans Paid in Full
     11  
Ending Scheduled Collateral Loan Count
     2,000  
Beginning Scheduled Collateral Balance
     698,537,800.01  
Ending Scheduled Collateral Balance
     691,746,369.74  
Ending Actual Collateral Balance at 31-Mar-2004
     691,749,665.63  
Monthly P&I Constant
     1,828,186.26  
Special Servicing Fee
     0.00  
Prepayment Penalties
     0.00  
Realization Loss Amount
     0.00  
Cumulative Realized Loss
     0.00  
Class A Optimal Amount
     8,345,345.25  
Ending Scheduled Balance for Premium Loans
     691,746,369.74  
Scheduled Principal
     0.00  
Unscheduled Principal
     6,791,430.27  

Miscellaneous Reporting

         
One-Month Libor Loan Balance
     77,972,013.97  
Six-Month Libor Loan Balance
     613,774,355.77  
Prorata Senior Percentage
     95.991617 %
Senior Percentage
     100.000000 %
Senior Prepayment Percentage
     100.000000 %
Subordinate Percentage
     0.000000 %
Subordinate Prepayment Percentage
     0.000000 %

 

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