-----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, GPiuItDah+Ky5Zd70KAhf+0aB0MronM3ot/b265nzxNA1rT9/8AI7AyZqrm9gHX/ sZjQ2Pg2xudJoXGf6ttkBQ== 0000950134-04-018584.txt : 20041203 0000950134-04-018584.hdr.sgml : 20041203 20041203145653 ACCESSION NUMBER: 0000950134-04-018584 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041122 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041203 DATE AS OF CHANGE: 20041203 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: 041183417 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 f03810ae8vk.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 November 22, 2004 Date of Report (Date of Earliest Event Reported) SEQUOIA RESIDENTIAL FUNDING, INC. (as Depositor of Sequoia Mortgage Trust 2004-1, the Issuer of Mortgage Pass- Through Certificates under a Pooling and Servicing Agreement dated as of January 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 (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 2004-1 (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, November 22, 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: December 3, 2004 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, November 22, 2004......................... 5
EX-10.1 2 f03810aexv10w1.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 2004-1 RECORD DATE: OCTOBER 29, 2004 DISTRIBUTION DATE: NOVEMBER 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution ----- ----- ----------- ------------ ------- ------------ A 81744FAA5 SEN 2.19125% 534,156,127.90 975,391.34 X-1 81744FAB3 IO 0.71831% 0.00 256,613.48 X-2 81744FAC1 IO 0.14182% 0.00 63,128.72 X-B 81744FAD9 IO 0.27525% 0.00 3,262.66 B-1 81744FAG2 SUB 2.46000% 9,375,000.00 19,218.75 B-2 81744FAH0 SUB 2.96000% 5,937,000.00 14,644.60 B-3 81744FAJ6 SUB 2.90956% 3,437,000.00 8,333.47 B-4 81744FAK3 SUB 2.90956% 1,562,000.00 3,787.28 B-5 81744FAL1 SUB 2.90956% 937,000.00 2,271.88 B-6 81744FAM9 SUB 2.90956% 2,500,468.00 6,062.72 A-R 81744FAF4 RES 2.57226% 0.00 0.00 --------- --- ------- -------------- ------------ Totals 557,904,595.90 1,352,714.90 --------- --- ------- -------------- ------------ Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss ----- ------------ ------------- ------- ------------ ------------- A 6,489,798.85 0.00 527,666,329.05 7,465,190.19 0.00 X-1 0.00 0.00 0.00 256,613.48 0.00 X-2 0.00 0.00 0.00 63,128.72 0.00 X-B 0.00 0.00 0.00 3,262.66 0.00 B-1 0.00 0.00 9,375,000.00 19,218.75 0.00 B-2 0.00 0.00 5,937,000.00 14,644.60 0.00 B-3 0.00 0.00 3,347,000.00 8,333.47 0.00 B-4 0.00 0.00 1,562,000.00 3,787.28 0.00 B-5 0.00 0.00 937,000.00 2,271.88 0.00 B-6 0.00 0.00 2,500,468.00 6,062.72 0.00 A-R 0.00 0.00 0.00 0.00 0.00 ------------ ---- -------------- ------------ ---- Totals 6,489,798.85 0.00 551,414,797.05 7,842,513.75 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 Class Amount Balance Distribution Distribution Accretion ----- ------ ------- ------------ ------------ --------- A 601,250,000.00 534,156,127.90 642.77 6,489,156.08 0.00 X-1 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 B-1 9,375,000.00 9,375,000.00 0.00 0.00 0.00 B-2 5,937,000.00 5,937,000.00 0.00 0.00 0.00 B-3 3,437,000.00 3,437,000.00 0.00 0.00 0.00 B-4 1,562,000.00 1,562,000.00 0.00 0.00 0.00 B-5 937,000.00 937,000.00 0.00 0.00 0.00 B-6 2,500,468.00 2,500,468.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 -------------- -------------- ------ ------------ ---- Totals 624,998,568.00 557,904,595.90 642.77 6,489,156.08 0.00 -------------- -------------- ------ ------------ ---- Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution ----- -------- --------- ------- ---------- ------------ A 0.00 6,489,798.85 527,666,329.05 0.87761552 6,489,798.85 X-1 0.00 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 9,375,000.00 1.00000000 0.00 B-2 0.00 0.00 5,937,000.00 1.00000000 0.00 B-3 0.00 0.00 3,437,000.00 1.00000000 0.00 B-4 0.00 0.00 1,562,000.00 1.00000000 0.00 B-5 0.00 0.00 937,000.00 1.00000000 0.00 B-6 0.00 0.00 2,500,468.00 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 ---- ------------ -------------- ---------- ------------ Totals 0.00 6,489,798.85 551,414,797.05 0.88226570 6,489,798.85 ---- ------------ -------------- ---------- ------------
(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 Class Amount Balance Distribution Distribution Accretion - ----- ------ ------- ------------ ------------ --------- A 601,250,000.00 888.40936033 0.00106906 10.79277519 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,937,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,437,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,562,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 937,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,500,468.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 -------------- ------------ ---------- ----------- ---------- Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ----- -------- --------- ------- ---------- ------------ A 0.00000000 10.79384424 877.61551609 0.87761552 10.79384424 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 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 Current Certificate/ Current Unpaid Original Face Certificate Notional Accrued Interest Class Amount Rate Balance Interest Shortfall ----- ------ ---- ------- -------- --------- A 601,250,000.00 2.19125% 534,156,127.90 975,391.35 0.00 X-1 0.00 0.71831% 428,694,308.91 256,613.48 0.00 X-2 0.00 0.14182% 534,156,127.90 63,128.72 0.00 X-B 0.00 0.27525% 15,312,000.00 3,512.20 0.00 B-1 9,375,000.00 2.46000% 9,375,000.00 19,218.75 0.00 B-2 5,937,000.00 2.96000% 5,937,000.00 14,644.60 0.00 B-3 3,437,000.00 2.90956% 3,437,000.00 8,333.47 0.00 B-4 1,562,000.00 2.90956% 1,562,000.00 3,787.28 0.00 B-5 937,000.00 2.90956% 937,000.00 2,271.88 0.00 B-6 2,500,468.00 2.90956% 2,500,468.00 6,062.72 0.00 A-R 100.00 2.57226% 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- Totals 624,998,568.00 1,352,964.45 0.00 -------------- ------- -------------- ------------ ---- Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance ----- --------- --------- -------- ------------ --------- ------- A 0.00 0.01 0.00 975,391.34 0.00 527,666,329.05 X-1 0.00 0.00 0.00 256,613.48 0.00 412,740,282.52 X-2 0.00 0.00 0.00 63,128.72 0.00 527,666,329.05 X-B 0.00 0.00 0.00 3,262.66 0.00 15,312,000.00 B-1 0.00 0.00 0.00 19,218.75 0.00 9,375,000.00 B-2 0.00 0.00 0.00 14,644.60 0.00 5,937,000.00 B-3 0.00 0.00 0.00 8,333.47 0.00 3,437,000.00 B-4 0.00 0.00 0.00 3,787.28 0.00 1,562,000.00 B-5 0.00 0.00 0.00 2,271.88 0.00 937,000.00 B-6 0.00 0.00 0.00 6,062.72 0.00 2,500,468.00 A-R 0.00 0.00 0.00 0.00 0.00 0.00 ---- ---- ---- ------------ ---- -------------- Totals 0.00 0.00 0.00 1,352,714.90 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 601,250,000.00 2.19125% 888.40936033 1.62227252 0.00000000 0.00000000 X-1 0.00 0.71831% 713.00508758 0.42679997 0.00000000 0.00000000 X-2 0.00 0.14182% 888.40936033 0.10499579 0.00000000 0.00000000 X-B 0.00 0.27525% 1000.00000000 0.22937565 0.00000000 0.00000000 B-1 9,375,000.00 2.46000% 1000.00000000 2.05000000 0.00000000 0.00000000 B-2 5,937,000.00 2.96000% 1000.00000000 2.46666667 0.00000000 0.00000000 B-3 3,437,000.00 2.90956% 1000.00000000 2.42463486 0.00000000 0.00000000 B-4 1,562,000.00 2.90956% 1000.00000000 2.42463508 0.00000000 0.00000000 B-5 937,000.00 2.90956% 1000.00000000 2.42463180 0.00000000 0.00000000 B-6 2,500,468.00 2.90956% 1000.00000000 2.42463411 0.00000000 0.00000000 A-R 100.00 2.57226% 0.00000000 0.00000000 0.00000000 0.00000000 ------------ ------- ------------- ---------- ---------- ---------- Non- Remaining Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance --- --------- -------- ------------ --------- ------------------ A 0.00000000 0.00000000 1.62227250 0.00000000 877.61551609 X-1 0.00000000 0.00000000 0.42679997 0.00000000 686.47032436 X-2 0.00000000 0.00000000 0.10499579 0.00000000 877.61551609 X-B 0.00000000 0.00000000 0.21307863 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.05000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.46666667 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.42463486 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.42463508 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.42463180 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.42463411 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 8,009,445.59 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22,103.58 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 8,031,549.17 Withdrawals Reimbursement for Servicer Advances 9,437.12 Payment of Service Fee 179,598.29 Payment of Interest and Principal 7,842,513.76 ------------ Total Withdrawals (Pool Distribution Amount) 8,031,549.17 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 174,949.08 Master Servicing Fee 4,649.21 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 179,598.29 ==========
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 1,000.00 249.54 249.54 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 18 8,670,432.55 60 Days 0 0.00 90 Days 2 258,241.87 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ---- ------------ 20 8,928,674.42
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.119403% 1.572396% 60 Days 0.000000% 0.000000% 90 Days 0.124378% 0.046833% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.243781% 1.619229%
BANKRUPTCY
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ----- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
FORECLOSURE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ----- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
REO
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -- ----- 0 0.00
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
TOTAL
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 18 8,670,432.55 60 Days 0 0.00 90 Days 2 258,241.87 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --- ------------ 20 8,928,674.42
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.119403% 1.572396% 60 Days 0.000000% 0.000000% 90 Days 0.124378% 0.046833% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 1.243781% 1.619229%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 22,103.58
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 23,748,468.00 3.79976359% 23,748,468.00 4.30682457% 95.693175% 0.000000% Class X-1 23,748,468.00 3.79976359% 23,748,468.00 4.30682457% 0.000000% 0.000000% Class X-2 23,748,468.00 3.79976359% 23,748,468.00 4.30682457% 0.000000% 0.000000% Class B-1 14,373,468.00 2.29976015% 14,373,468.00 2.60665257% 1.700172% 39.476231% Class B-2 8,436,468.00 1.34983797% 8,436,468.00 1.52996765% 1.076685% 24.999507% Class B-3 4,999,468.00 0.79991671% 4,999,468.00 0.90666192% 0.623306% 14.472513% Class B-4 3,437,468.00 0.54999614% 3,437,648.00 0.62339060% 0.283271% 6.577266% Class B-5 2,500,468.00 0.40007580% 2,500,468.00 0.45346407% 0.169927% 3.945518% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.453464% 10.528965%
Please refer to the prospectus supplement for a full description of loss exposure COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.295861% Weighted Average Net Coupon 2.919562% Weighted Average Pass-Through Rate 2.909562% Weighted Average Maturity (Stepdown Calculation) 325 Beginning Scheduled Collateral Loan Count 1,625 Number of Loans Paid in Full 17 Ending Scheduled Collateral Loan Count 1,608 Beginning Scheduled Collateral Balance 557,904,596.33 Ending Scheduled Collateral Balance 551,414,797.48 Ending Actual Collateral Balance at 29-Oct-2004 551,415,309.26 Monthly P&I Constant 1,532,955.97 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,788,444.60 Ending Scheduled Balance for Premium Loans 551,414,797.48 Scheduled Principal 642.77 Unscheduled Principal 6,489,156.08
MISCELLANEOUS REPORTING One-Month Libor Loan Balance 90,012,021.76 Six-Month Libor Loan Balance 461,126,793.68 Prorata Senior Percentage 95.743274% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
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