-----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, VJKuPEwTs9I/9mQVF2aBP9Fbuvbf+IdQyp/e21uaEExtZxp0f0R/xFtePbqZ6frO 6s1zeeLg4Jt/9Xy/13agQA== 0000950134-05-000224.txt : 20050105 0000950134-05-000224.hdr.sgml : 20050105 20050105161806 ACCESSION NUMBER: 0000950134-05-000224 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041220 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050105 DATE AS OF CHANGE: 20050105 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: 05512873 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 f04403be8vk.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 December 20, 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 (Commission File Number) (I.R.S. Employer of 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, December 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: January 5, 2005 SEQUOIA RESIDENTIAL FUNDING, INC. By: /s/ Harold F. Zagunis --------------------------------------- Harold F. Zagunis Chief Financial Officer and Secretary EXHIBIT INDEX
Exhibit Number Page Number - -------------- ----------- 10.1 Monthly Payment Date Statement relating to the distribution to Certificateholders, December 20, 2004......................... 5
EX-10.1 2 f04403bexv10w1.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: NOVEMBER 30, 2004 DISTRIBUTION DATE: DECEMBER 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ------ --------- ----------- ------------ -------------- -------------- A 81744FAA5 SEN 2.19125% 527,666,329.05 963,540.70 X-1 81744FAB3 IO 0.78029% 0.00 268,382.69 X-2 81744FAC1 IO 0.16995% 0.00 74,730.19 X-B 81744FAD9 IO 0.17238% 0.00 1,118.77 B-1 81744FAG2 SUB 2.69000% 9,375,000.00 21,015.62 B-2 81744FAH0 SUB 3.19000% 5,937,000.00 15,782.52 B-3 81744FAJ6 SUB 2.97154% 3,437,000.00 8,511.00 B-4 81744FAK3 SUB 2.97154% 1,562,000.00 3,867.96 B-5 81744FAL1 SUB 2.97154% 937,000.00 2,320.28 B-6 81744FAM9 SUB 2.97154% 2,500,468.00 6,191.88 A-R 81744FAF4 RES 2.57152% 0.00 0.00 -------------- ------------ Totals 551,414,797.05 1,365,461.61 -------------- ------------ Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------ ------------ ------------- -------------- ------------- ------------- A 9,012,644.70 0.00 518,653,684.35 9,976,185.40 0.00 X-1 0.00 0.00 0.00 268,382.69 0.00 X-2 0.00 0.00 0.00 74,730.19 0.00 X-B 0.00 0.00 0.00 1,118.77 0.00 B-1 0.00 0.00 9,375,000.00 21,015.62 0.00 B-2 0.00 0.00 5,937,000.00 15,782.52 0.00 B-3 0.00 0.00 3,437,000.00 8,511.00 0.00 B-4 0.00 0.00 1,562,000.00 3,867.96 0.00 B-5 0.00 0.00 937,000.00 2,320.28 0.00 B-6 0.00 0.00 2,500,468.00 6,191.88 0.00 A-R 0.00 0.00 0.00 0.00 0.00 ------------ ---- -------------- ------------- ---- Totals 9,012,644.70 0.00 542,402,152.35 10,378,106.31 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 601,250,000.00 527,666,329.05 1,061.29 9,011,583.41 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 624,998,568.00 551,414,797.05 1,061.29 9,011,583.41 0.00 -------------- -------------- -------- ------------ ---- Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- ------------ -------------- ----------- --------------- A 0.00 9,012,644.70 518,653,684.35 0.86262567 9,012,644.70 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 9,012,644.70 542,402,152.35 0.86784543 9,012,644.70 ---- ------------ -------------- ---------- ------------
(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 601,250,000.00 877.61551609 0.00176514 14.98808052 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 14.98984565 862.62567044 0.86262567 14.98984565 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 Current Original Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - ------ -------------- ----------- -------------- ------------ ---------- --------- A 601,250,000.00 2.19125% 527,666,329.05 963,540.70 0.00 0.00 X-1 0.00 0.78029% 412,740,282.52 268,382.69 0.00 0.00 X-2 0.00 0.16995% 527,666,329.05 74,730.19 0.00 0.00 X-B 0.00 0.17238% 15,312,000.00 2,199.57 0.00 0.00 B-1 9,375,000.00 2.69000% 9,375,000.00 21,015.63 0.00 0.00 B-2 5,937,000.00 3.19000% 5,937,000.00 15,782.53 0.00 0.00 B-3 3,437,000.00 2.97154% 3,437,000.00 8,511.00 0.00 0.00 B-4 1,562,000.00 2.97154% 1,562,000.00 3,867.96 0.00 0.00 B-5 937,000.00 2.97154% 937,000.00 2,320.28 0.00 0.00 B-6 2,500,468.00 2.97154% 2,500,468.00 6,191.88 0.00 0.00 A-R 100.00 2.57152% 0.00 0.00 0.00 0.00 ------------ ------------ ---- ---- Totals 624,998,568.00 1,366,542.43 0.00 0.00 -------------- ------------ ---- ---- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- -------- -------------- --------- -------------- A 0.00 0.00 963,540.70 0.00 518,653,684.35 X-1 0.00 0.00 268,382.69 0.00 397,348,824.84 X-2 0.00 0.00 74,730.19 0.00 518,653,684.35 X-B 0.00 0.00 1,118.77 0.00 15,312,000.00 B-1 0.00 0.00 21,015.62 0.00 9,375,000.00 B-2 0.00 0.00 15,782.52 0.00 5,937,000.00 B-3 0.00 0.00 8,511.00 0.00 3,437,000.00 B-4 0.00 0.00 3,867.96 0.00 1,562,000.00 B-5 0.00 0.00 2,320.28 0.00 937,000.00 B-6 0.00 0.00 6,191.88 0.00 2,500,468.00 A-R 0.00 0.00 0.00 0.00 0.00 ---- ---- ------------ ---- Totals 0.00 0.00 1,365,461.61 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 Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- ------ ---- ---------------- -------- --------- --------- --------- -------- A 601,250,000.00 2.19125% 877.61551609 1.60256249 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.78029% 686.47032436 0.44637454 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.16995% 877.61551609 0.12429138 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.17238% 1000.00000000 0.14365008 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,375,000.00 2.69000% 1000.00000000 2.24166720 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,937,000.00 3.19000% 1000.00000000 2.65833418 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,437,000.00 2.97154% 1000.00000000 2.47628746 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,562,000.00 2.97154% 1000.00000000 2.47628681 0.00000000 0.00000000 0.00000000 0.00000000 B-5 937,000.00 2.97154% 1000.00000000 2.47628602 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,500,468.00 2.97154% 1000.00000000 2.47628844 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.57152% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- ------------ --------- ------------------ A 1.60256249 0.00000000 862.62567044 X-1 0.44637454 0.00000000 660.87122635 X-2 0.12429138 0.00000000 862.62567044 X-B 0.07306492 0.00000000 1000.00000000 B-1 2.24166613 0.00000000 1000.00000000 B-2 2.65833249 0.00000000 1000.00000000 B-3 2.47628746 0.00000000 1000.00000000 B-4 2.47628681 0.00000000 1000.00000000 B-5 2.47628602 0.00000000 1000.00000000 B-6 2.47628844 0.00000000 1000.00000000 A-R 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 10,565,848.42 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,846.35 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,577,694.77 Withdrawals Reimbursement for Servicer Advances 22,103.58 Payment of Service Fee 177,484.87 Payment of Interest and Principal 10,378,106.32 ------------- Total Withdrawals (Pool Distribution Amount) 10,577,694.77 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 172,889.74 Master Servicing Fee 4,595.13 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 177,484.87 ==========
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 1,080.81 1,080.81 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 12 4,345,513.01 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 397,192.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -- ------------ ---- ---- ---- ---- 14 4,742,705.01 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.757098% 0.801159% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.126183% 0.073228% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.883281% 0.874388% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL --- ----- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 12 4,345,513.01 60 Days 0 0.00 60 Days 2 397,192.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ---- ---- ---- ------------ 0 0.00 14 4,742,705.01 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.757098% 0.801159% 60 Days 0.000000% 0.000000% 60 Days 0.126183% 0.073228% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.883281% 0.874388%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 11,846.35
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 23,748,468.00 3.79976359% 23,748,468.00 4.37838749% 95.621612% 0.000000% Class X-1 23,748,468.00 3.79976359% 23,748,468.00 4.37838749% 0.000000% 0.000000% Class X-2 23,748,468.00 3.79976359% 23,748,468.00 4.37838749% 0.000000% 0.000000% Class B-1 14,373,468.00 2.29976015% 14,373,468.00 2.64996515% 1.728422% 39.476231% Class B-2 8,436,468.00 1.34983797% 8,436,468.00 1.55538984% 1.094575% 24.999507% Class B-3 4,999,468.00 0.79991671% 4,999,468.00 0.92172717% 0.633663% 14.472513% Class B-4 3,437,468.00 0.54999614% 3,437,468.00 0.63374896% 0.287978% 6.577266% Class B-5 2,500,468.00 0.40007580% 2,500,468.00 0.46099891% 0.172750% 3.945518% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.460999% 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 3.357791% Weighted Average Net Coupon 2.981545% Weighted Average Pass-Through Rate 2.971545% Weighted Average Maturity (Stepdown Calculation) 324 Beginning Scheduled Collateral Loan Count 1,608 Number of Loans Paid in Full 23 Ending Scheduled Collateral Loan Count 1,585 Beginning Scheduled Collateral Balance 551,414,797.48 Ending Scheduled Collateral Balance 542,402,152.78 Ending Actual Collateral Balance at 30-Nov-2004 542,402,998.67 Monthly P&I Constant 1,544,007.79 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,321,497.86 Ending Scheduled Balance for Premium Loans 542,402,152.78 Scheduled Principal 1,061.29 Unscheduled Principal 9,011,583.41
MISCELLANEOUS REPORTING One-Month Libor Loan Balance 88,926,708.13 Six-Month Libor Loan Balance 453,199,462.61 Prorata Senior Percentage 95.693175% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
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