-----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, GbxPK5hSwhiUMiL+FTwDPMmTORXJ9gxYJCuWRSHLsxAbqCefniPFr9KtgcQ2UklB UTH6jQb7OZpztiig0C0ONQ== 0000950149-05-000307.txt : 20050506 0000950149-05-000307.hdr.sgml : 20050506 20050506154304 ACCESSION NUMBER: 0000950149-05-000307 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050420 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050506 DATE AS OF CHANGE: 20050506 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: 05807881 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 f08872ce8vk.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 April 20, 2005 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 (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 2004-2 (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, April 20, 2005. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: May 6, 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, April 20, 2005 ..................................... 5
EX-10.1 2 f08872cexv10w1.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 2004-2 RECORD DATE: MARCH 31, 2005 DISTRIBUTION DATE: APRIL 20, 2005 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 3.35000% 519,223,772.29 1,449,499.70 31,873,312.77 0.00 487,350,459.52 33,322,812.47 0.00 X-1 81744FAP2 IO 0.78271% 0.00 273,969.76 0.00 0.00 0.00 273,969.76 0.00 X-2 81744FAQ0 IO 0.16321% 0.00 64,699.90 0.00 0.00 0.00 64,699.90 0.00 X-B 81744FAR8 IO 0.60158% 0.00 9,299.45 0.00 0.00 0.00 9,299.45 0.00 B-1 81744FAT4 SUB 3.35000% 11,550,000.00 32,243.75 0.00 0.00 11,550,000.00 32,243.75 0.00 B-2 81744FAU1 SUB 3.83000% 7,000,000.00 22,341.67 0.00 0.00 7,000,000.00 22,341.67 0.00 B-3 81744FAV9 SUB 4.13271% 3,150,000.00 10,848.37 0.00 0.00 3,150,000.00 10,848.37 0.00 B-4 81744FAW7 SUB 4.13271% 1,750,000.00 6,026.87 0.00 0.00 1,750,000.00 6,026.87 0.00 B-5 81744FAX5 SUB 4.13271% 1,400,000.00 4,821.50 0.00 0.00 1,400,000.00 4,821.50 0.00 B-6 81744FAY6 SUB 4.13271% 3,150,069.00 10,848.61 0.00 0.00 3,150,069.00 10,848.61 0.00 A-R 81744FAS6 RES 2.66081% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ------------- ---- -------------- ------------- ---- Totals 547,223,841.29 1,884,599.58 31,873,312.77 0.00 515,350,528.52 33,757,912.35 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 Total Ending Original Face Certificate Principal Principal Realized Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ------ -------------- -------------- ------------ ------------- --------- -------- ------------- -------------- A 671,998,000.00 519,223,772.29 0.00 31,873,312.77 0.00 0.00 31,873,312.77 487,350,459.52 X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 B-2 7,000,000.00 7,000,000.00 0.00 0.00 0.00 0.00 0.00 7,000,000.00 B-3 3,150,000.00 3,150,000.00 0.00 0.00 0.00 0.00 0.00 3,150,000.00 B-4 1,750,000.00 1,750,000.00 0.00 0.00 0.00 0.00 0.00 1,750,000.00 B-5 1,400,000.00 1,400,000.00 0.00 0.00 0.00 0.00 0.00 1,400,000.00 B-6 3,150,069.00 3,150,069.00 0.00 0.00 0.00 0.00 0.00 3,150,069.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------- ---- ---- ------------- -------------- Totals 699,998,169.00 547,223,841.29 0.00 31,873,312.77 0.00 0.00 31,873,312.77 515,350,528.52 -------------- -------------- ---- ------------- ---- ---- ------------- -------------- Ending Total Certificate Principal Class Percentage Distribution - ------ ----------- ------------ A 0.72522606 31,873,312.77 X-1 0.00000000 0.00 X-2 0.00000000 0.00 X-B 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 A-R 0.00000000 0.00 ---------- ------------- Totals 0.73621697 31,873,312.77 ---------- -------------
(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 Total Ending Ending Original Face Certificate Principal Principal Realized Principal Certificate Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance Percentage - ----- -------------- ------------- ------------ ------------ ---------- ---------- ----------- ------------- ----------- A 671,998,000.00 772.65672262 0.00000000 47.43066612 0.00000000 0.00000000 47.43066612 725.22605651 0.72522606 X-1 0.00 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 X-B 0.00 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 B-2 7,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 B-3 3,150,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 B-4 1,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 B-5 1,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 B-6 3,150,069.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Principal Class Distribution - ----- ------------ A 47.43066612 X-1 0.00000000 X-2 0.00000000 X-B 0.00000000 B-1 0.00000000 B-2 0.00000000 B-3 0.00000000 B-4 0.00000000 B-5 0.00000000 B-6 0.00000000 A-R 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 Current Certificate/ Current of Unpaid Current Supported Total Unpaid Original Face Certificate Notional Accrued Interest Interest Interest Realized Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution Shortfall - ------ -------------- ----------- -------------- ------------ --------- --------- --------- -------- ------------ --------- A 671,998,000.00 3.35000% 519,223,772.29 1,449,499.70 0.00 0.00 0.00 0.00 1,449,499.70 0.00 X-1 0.00 0.78271% 410,954,634.60 268,049.87 0.00 0.00 0.00 0.00 273,969.76 0.00 X-2 0.00 0.16321% 519,223,772.29 70,619.79 0.00 0.00 0.00 0.00 64,699.90 0.00 X-B 0.00 0.60158% 18,550,000.00 9,299.45 0.00 0.00 0.00 0.00 9,299.45 0.00 B-1 11,550,000.00 3.35000% 11,550,000.00 32,243.75 0.00 0.00 0.00 0.00 32,243.75 0.00 B-2 7,000,000.00 3.83000% 7,000,000.00 22,341.67 0.00 0.00 0.00 0.00 22,341.67 0.00 B-3 3,150,000.00 4.13271% 3,150,000.00 10,848.37 0.00 0.00 0.00 0.00 10,848.37 0.00 B-4 1,750,000.00 4.13271% 1,750,000.00 6,026.87 0.00 0.00 0.00 0.00 6,026.87 0.00 B-5 1,400,000.00 4.13271% 1,400,000.00 4,821.50 0.00 0.00 0.00 0.00 4,821.50 0.00 B-6 3,150,069.00 4.13271% 3,150,069.00 10,848.61 0.00 0.00 0.00 0.00 10,848.61 0.00 A-R 100.00 2.66081% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- ------------ ---- Totals 699,998,169.00 1,884,599.58 0.00 0.00 0.00 0.00 1,884,599.58 0.00 -------------- ------------ ---- ---- ---- ---- ------------ ---- Ending Certificate/ Notational Class Balance - ----- ------------------- A 487,350,459.52 X-1 395,476,273.45 X-2 487,350,459.52 X-B 18,550,000.00 B-1 11,550,000.00 B-2 7,000,000.00 B-3 3,150,000.00 B-4 1,750,000.00 B-5 1,400,000.00 B-6 3,150,069.00 A-R 0.00 Totals
(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 Current Certificate/ Current of Unpaid Current Supported Total Unpaid Class Original Face Certificate Notional Accrued Interest Interest Interest Realized Interest Interest (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) Distribution Shortfall - ----- -------------- ----------- ------------- ---------- ---------- ---------- ---------- ---------- ------------ ---------- A 671,998,000.00 3.35000% 772.65672262 2.15700002 0.00000000 0.00000000 0.00000000 0.00000000 2.15700002 0.00000000 X-1 0.00 0.78271% 611.54145489 0.39888492 0.00000000 0.00000000 0.00000000 0.00000000 0.40769431 0.00000000 X-2 0.00 0.16321% 772.65672262 0.10508929 0.00000000 0.00000000 0.00000000 0.00000000 0.09627990 0.00000000 X-B 0.00 0.60158% 1000.00000000 0.50131806 0.00000000 0.00000000 0.00000000 0.00000000 0.50131806 0.00000000 B-1 11,550,000.00 3.35000% 1000.00000000 2.79166667 0.00000000 0.00000000 0.00000000 0.00000000 2.79166667 0.00000000 B-2 7,000,000.00 3.83000% 1000.00000000 3.19166714 0.00000000 0.00000000 0.00000000 0.00000000 3.19166714 0.00000000 B-3 3,150,000.00 4.13271% 1000.00000000 3.44392698 0.00000000 0.00000000 0.00000000 0.00000000 3.44392698 0.00000000 B-4 1,750,000.00 4.13271% 1000.00000000 3.44392571 0.00000000 0.00000000 0.00000000 0.00000000 3.44392571 0.00000000 B-5 1,400,000.00 4.13271% 1000.00000000 3.44392857 0.00000000 0.00000000 0.00000000 0.00000000 3.44392857 0.00000000 B-6 3,150,069.00 4.13271% 1000.00000000 3.44392774 0.00000000 0.00000000 0.00000000 0.00000000 3.44392774 0.00000000 A-R 100.00 2.66081% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Certificate/ Class Notational (5) Balance - ----- ------------- A 725.22605651 X-1 588.50811081 X-2 725.22605651 X-B 1000.00000000 B-1 1000.00000000 B-2 1000.00000000 B-3 1000.00000000 B-4 1000.00000000 B-5 1000.00000000 B-6 1000.00000000 A-R 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 33,961,039.53 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 19,472.08 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 33,980,511.61 Withdrawals Reimbursement for Servicer Advances 46,590.92 Payment of Service Fee 176,008.34 Payment of Interest and Principal 33,757,912.35 ------------- Total Withdrawals (Pool Distribution Amount) 33,980,511.61 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 171,676.16 Master Servicing Fee 4,322.18 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 176,008.34 ==========
OTHER ACCOUNTS
Account Type Beginning Balance Current Withdrawals Current Deposits Ending Balance ------------ ----------------- ------------------- ---------------- -------------- Class X-1 Sub Account 4,500.00 0.00 0.00 4,500.00 Class X-2 Sub Account 4,500.00 5,919.88 5,919.88 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 - ---------------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 16 4,861,624.34 60 Days 2 328,854.31 90 Days 1 249,279.32 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 19 5,439,757.97 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.011378% 0.943348% 60 Days 0.126422% 0.063811% 90 Days 0.063211% 0.048370% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 1.201011% 1.055529% -------- ------------
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 16 4,861,624.34 60 Days 2 328,854.31 90 Days 1 249,279.32 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------------ 19 5,439,757.97 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 1.011378% 0.943348% 60 Days 0.126422% 0.063811% 90 Days 0.063211% 0.048370% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- ------------ 1.201011% 1.055529% -------- ------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 19,472.08
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 28,000,069.00 4.00002032% 28,000,069.00 5.43320855% 94.566791% 0.000000% Class X-1 28,000,069.00 4.00002032% 28,000,069.00 5.43320855% 0.000000% 0.000000% Class X-2 28,000,069.00 4.00002032% 28,000,069.00 5.43320855% 0.000000% 0.000000% Class B-1 16,450,069.00 2.35001600% 16,450,069.00 3.19201555% 2.241193% 41.249898% Class B-2 9,450,069.00 1.35001339% 9,450,069.00 1.83371676% 1.358299% 24.999938% Class B-3 6,300,069.00 0.90001221% 6,300,069.00 1.22248230% 0.611234% 11.249972% Class B-4 4,550,069.00 0.65001156% 4,550,069.00 0.88290760% 0.339575% 6.249985% Class B-5 3,150,069.00 0.45001103% 3,150,069.00 0.61124785% 0.271660% 4.999988% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.611248% 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 4.518680% Weighted Average Net Coupon 4.142214% Weighted Average Pass-Through Rate 4.132714% Weighted Average Maturity (Stepdown Calculation) 331 Beginning Scheduled Collateral Loan Count 1,658 Number of Loans Paid in Full 76 Ending Scheduled Collateral Loan Count 1,582 Beginning Scheduled Collateral Balance 547,223,841.29 Ending Scheduled Collateral Balance 515,350,528.52 Ending Actual Collateral Balance at 31-Mar-2005 515,358,595.99 Monthly P&I Constant 2,060,607.95 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 33,670,781.58 Ending Scheduled Balance for Premium Loans 515,350,528.52 Scheduled Principal 0.00 Unscheduled Principal 31,873,312.77
MISCELLANEOUS REPORTING One-Month Libor Loan Balance 60,749,623.20 Six-Month Libor Loan Balance 454,600,905.32 Prorata Senior Percentage 94.883251% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
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