-----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, IPxLU/gXqgqGThcrvTG2LUJovxDCV1nxjvbcJDY3kjWVzB21Y5pn6bXESG3TZfX0 31l+pfzBXy164YoZCLYrMQ== 0000950149-05-000552.txt : 20050805 0000950149-05-000552.hdr.sgml : 20050805 20050805155055 ACCESSION NUMBER: 0000950149-05-000552 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050720 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050805 DATE AS OF CHANGE: 20050805 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA MORTGAGE TRUST 2004-12 CENTRAL INDEX KEY: 0001312457 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-118832-05 FILM NUMBER: 051002772 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 f11512ae8vk.txt 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 July 20, 2005 Date of Report (Date of Earliest Event Reported) SEQUOIA RESIDENTIAL FUNDING, INC. SEQUOIA MORTGAGE TRUST 2004-12 (as Depositor of Sequoia Mortgage Trust 2004-12, the Issuer of Mortgage Pass- Through Certificates under a Pooling and Servicing Agreement dated as of December 1, 2004) SEQUOIA RESIDENTIAL FUNDING, INC. --------------------------------- (Exact Name of Registrant as Specified in Its Charter)
Delaware 333-118832-05 35-2170972 -------- ------------- ---------- (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Identification No.) Incorporation)
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 2004-12 (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, July 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: August 4, 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, July 20, 2005....................................... 5
EX-10.1 2 f11512aexv10w1.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 2004-12 RECORD DATE: JUNE 30, 2005 DISTRIBUTION DATE: JULY 20, 2005 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Principal Current Ending Class CUSIP Description Rate Certificate Balance Distribution Distribution Realized Loss Balance Certificate Balance - ------ --------- ----------- ------------ ------------------- ------------ ------------- --------------------- ------------------- A-1 81744FFY8 SEN 3.53000% 340,924,932.17 1,002,887.51 14,860,052.12 0.00 326,064,880.05 A-2 81744FFZ5 SEN 3.93000% 176,001,880.05 576,406.16 9,460,387.40 0.00 166,541,492.65 A-3 81744FGZ9 SEN 3.96000% 177,863,175.41 586,948.48 10,560,700.61 0.00 167,302,474.80 X-A1 81744FGC5 IO 0.63856% 0.00 275,074.31 0.00 0.00 0.00 X-A2 81744FGD3 IO 0.41454% 0.00 61,442.96 0.00 0.00 0.00 X-B 81744FGF8 IO 0.32307% 0.00 4,339.84 0.00 0.00 0.00 B-1 81744FGG6 SUB 3.76000% 8,588,000.00 26,909.07 0.00 0.00 8,588,000.00 B-2 81744FGH4 SUB 4.11000% 6,134,000.00 21,008.95 0.00 0.00 6,134,000.00 B-3 81744FGJ0 SUB 4.51000% 3,680,000.00 13,830.67 0.00 0.00 3,680,000.00 B-4 81744FGK7 SUB 4.30965% 2,453,000.00 8,809.65 0.00 0.00 2,453,000.00 B-5 81744FGK7 SUB 4.30965% 920,000.00 3,304.07 0.00 0.00 920,000.00 B-6 81744FGL5 SUB 4.30965% 2,762,778.00 9,922.18 0.00 0.00 2,762,778.00 A-R 81744FGE1 RES 4.21301% 0.00 0.47 0.00 0.00 0.00 --------- --- ------- -------------- ------------ ------------- ---- -------------- Totals 719,327,765.63 2,590,884.32 34,881,140.13 0.00 684,446,625.50 -------------- ------------ ------------- ---- -------------- Total Cumulative Class Distribution Realized Loss - ------ ------------ ------------- A-1 15,862,939.63 0.00 A-2 10,036,793.56 0.00 A-3 11,147,649.09 0.00 X-A1 275,074.31 0.00 X-A2 61,442.96 0.00 X-B 4,339.84 0.00 B-1 26,909.07 0.00 B-2 21,008.95 0.00 B-3 13,830.67 0.00 B-4 8,809.65 0.00 B-5 3,304.07 0.00 B-6 9,922.18 0.00 A-R 0.47 0.00 ------------- ---- Totals 37,472,024.45 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 Realized Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ------ -------------- -------------- ------------ ------------- --------- -------- --------------- ------------------ A-1 380,510,000.00 340,924,932.17 2,382.03 14,857,670.09 0.00 0.00 14,860,052.12 326,064,880.05 A-2 208,392,000.00 176,001,880.05 499.92 9,459,887.48 0.00 0.00 9,460,387.40 166,541,492.65 A-3 218,330,615.00 177,863,175.41 0.00 10,560,700.61 0.00 0.00 10,560,700.61 167,302,474.80 X-A1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-A2 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 8,588,000.00 8,588,000.00 0.00 0.00 0.00 0.00 0.00 8,588,000.00 B-2 6,134,000.00 6,134,000.00 0.00 0.00 0.00 0.00 0.00 6,134,000.00 B-3 3,680,000.00 3,680,000.00 0.00 0.00 0.00 0.00 0.00 3,680,000.00 B-4 2,453,000.00 2,453,000.00 0.00 0.00 0.00 0.00 0.00 2,453,000.00 B-5 920,000.00 920,000.00 0.00 0.00 0.00 0.00 0.00 920,000.00 B-6 2,762,778.00 2,762,778.00 0.00 0.00 0.00 0.00 0.00 2,762,778.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- -------- ------------- ---- ---- ------------- -------------- Totals 831,770,493.00 719,327,765.63 2,881.95 34,878,258.18 0.00 0.00 34,881,140.13 684,446,625.50 -------------- -------------- -------- ------------- ---- ---- ------------- -------------- Ending Certificate Total Principal Class Percentage Distribution - ------ ------------------ --------------- A-1 0.85691540 14,860,052.12 A-2 0.79917412 9,460,387.40 A-3 0.76628042 10,560,700.61 X-A1 0.00000000 0.00 X-A2 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 0.82287919 34,881,140.13 ---------- -------------
(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 Realized Total Principal Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- ------------- -------------- ------------ ------------- ---------- ---------- --------------- ------------------ A-1 380,510,000.00 895.96839024 0.00626010 39.04672700 0.00000000 0.00000000 39.05298710 856.91540314 A-2 208,392,000.00 844.57119299 0.00239894 45.39467676 0.00000000 0.00000000 45.39707570 799.17411729 A-3 218,330,615.00 814.65064077 0.00000000 48.37022334 0.00000000 0.00000000 48.37022334 766.28041743 X-A1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 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 B-1 8,588,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 6,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 3,680,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 2,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 2,762,778.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ------------ ------------- ---------- ---------- ---------- ---------- ---------- ------------- Ending Certificate Total Principal Class Percentage Distribution - ----- ----------- --------------- A-1 0.85691540 39.05298710 A-2 0.79917412 45.39707570 A-3 0.76628042 48.37022334 X-A1 0.00000000 0.00000000 X-A2 0.00000000 0.00000000 X-B 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 1.00000000 0.00000000 A-R 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 Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Total Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------ ---------------- ---------------- -------------- ------------ ---------- --------- --------- -------- -------------- A-1 380,510,000.00 3.53000% 340,924,932.17 1,002,887.51 0.00 0.00 0.00 0.00 1,002,887.51 A-2 208,392,000.00 3.93000% 176,001.880.05 576,406.16 0.00 0.00 0.00 0.00 576,406.16 A-3 218,330,615.00 3.96000% 177,863,175.41 586,948.48 0.00 0.00 0.00 0.00 586,948.48 X-A1 0.00 0.63856% 516,926,812.22 275,074.31 0.00 0.00 0.00 0.00 275,074.31 X-A2 0.00 0.41454% 177,863,175.41 61,442.96 0.00 0.00 0.00 0.00 61,442.96 X-B 0.00 0.34307% 18,402,000.00 4,954.24 0.00 0.00 0.00 0.00 4,339.84 B-1 8,588,000.00 3.76000% 8,588,000.00 26,909.07 0.00 0.00 0.00 0.00 26,909.07 B-2 6,134,000.00 4.11000% 6,134,000.00 21,008.95 0.00 0.00 0.00 0.00 21,008.95 B-3 3,680,000.00 4.51000% 3,680,000.00 13,830.67 0.00 0.00 0.00 0.00 13,830.67 B-4 2,453,000.00 4.30965% 2,453,000.00 8,809.65 0.00 0.00 0.00 0.00 8,809.65 B-5 920,000.00 4.30965% 920,000.00 3,304.07 0.00 0.00 0.00 0.00 3,304.07 B-6 2,762,778.00 4.30965% 2,762,778.00 9,922.18 0.00 0.00 0.00 0.00 9,922.18 A-R 100.00 4.21301% 0.00 0.00 0.00 0.00 0.00 0.00 0.47 -------------- ------- -------------- ------------ ---- ---- ---- ---- ------------ Totals 831,770,493.00 2,591,498.25 0.00 0.00 0.00 0.00 2,590,884.32 -------------- ------- -------------- ------------ ---- ---- ---- ---- ------------ Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------ --------- -------------- A-1 0.00 326,064,880.05 A-2 0.00 166,541,492.65 A-3 0.00 167,302,474.80 X-A1 0.00 492,606,372.70 X-A2 0.00 167,302,474.80 X-B 0.00 18,402,000.00 B-1 0.00 8,588,000.00 B-2 0.00 6,134,000.00 B-3 0.00 3,680,000.00 B-4 0.00 2,453,000.00 B-5 0.00 920,000.00 B-6 0.00 2,762,778.00 A-R 0.00 0.00 ---- -------------- Totals 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Class(5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - -------- -------------- ----------- ---------------- --------------- ----------- ---------- ---------- ---------- A-1 380,510,000.00 3.53000% 895.96839024 2.63564035 0.00000000 0.00000000 0.00000000 0.00000000 A-2 208,392,000.00 3.93000% 844.57119299 2.76597067 0.00000000 0.00000000 0.00000000 0.00000000 A-3 218,330,615.00 3.96000% 814.65064077 2.68834712 0.00000000 0.00000000 0.00000000 0.00000000 X-A1 0.00 0.63856% 877.78070412 0.46709692 0.00000000 0.00000000 0.00000000 0.00000000 X-A2 0.00 0.41454% 814.65064077 0.28142164 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.32307% 1000.00000000 0.26922291 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,588,000.00 3.76000% 1000.00000000 3.13333372 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,134,000.00 4.11000% 1000.00000000 3.42500000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,680,000.00 4.51000% 1000.00000000 3.75833424 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,453,000.00 4.30965% 1000.00000000 3.59137790 0.00000000 0.00000000 0.00000000 0.00000000 B-5 920,000.00 4.30965% 1000.00000000 3.59138043 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,762,778.00 4.30965% 1000.00000000 3.59137795 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 4.21301% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 -------------- -------- ------------ ---------- ---------- ---------- ---------- ---------- Remaining Unpaid Total Interest Interest Ending Certificate/ Class(5) Distribution Shortfall Notational Balance - -------- -------------- ----------- ------------------- A-1 2.63564035 0.00000000 856.91540314 A-2 2.76597067 0.00000000 799.17411729 A-3 2.68834712 0.00000000 766.28041743 X-A1 0.46709692 0.00000000 836.48276403 X-A2 0.28142164 0.00000000 766.28041743 X-B 0.23583524 0.00000000 1000.00000000 B-1 3.13333372 0.00000000 1000.00000000 B-2 3.42500000 0.00000000 1000.00000000 B-3 3.75833424 0.00000000 1000.00000000 B-4 3.59137790 0.00000000 1000.00000000 B-5 3.59138043 0.00000000 1000.00000000 B-6 3.59137795 0.00000000 1000.00000000 A-R 4.70000000 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 37,645,343.74 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 460.93 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 37,645,804.67 ------------- Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 173,780.22 Payment of Interest and Principal 37,472,024.45 ------------- Total Withdrawals (Pool Distribution Amount) 37,645,804.67 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 169,268.02 Master Servicing Fee 4,512.20 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 173,780.22 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ---------------------------------- --------- ----------- -------- -------- Class X-A1 Pool 1 Comp. Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-A1 Pool 2 Comp. Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-A2 Sub Amount 3,000.00 0.00 0.00 3,000.00 Class X-B Sub Amount 1,000.00 614.40 614.40 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 1 142,741.83 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 -- ---------- 1 142,741.83 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.065104% 0.027602% 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% -------- ---------- 0.065104% 0.027602%
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 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% -------- ---------- 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 1 142,741.83 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 -- ---------- 1 142,741.83 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.065104% 0.027602% 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% -------- ---------- 0.065104% 0.027602%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 460.93
DELINQUENCY STATUS BY GROUP DELINQUENT GROUP ONE
No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 1 142,741.83 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 - ---------- 1 142,741.83
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.102459% 0.041747% 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% -------- -------- 0.102459% 0.041747%
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 1 142,741.83 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 - ---------- 1 142,741.83
No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.102459% 0.041747% 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% -------- -------- 0.102459% 0.041747%
DELINQUENT GROUP TWO
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%
BANKRUPTCY 1.183654%
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 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%
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed Arm Weighted Average Gross Coupon 4.689863% Weighted Average Net Coupon 4.314730% Weighted Average Pass-Through Rate 3.640483% Weighted Average Maturity (Stepdown Calculation) 332 Beginning Scheduled Collateral Loan Count 1,603 Number of Loans Paid in Full 67 Ending Scheduled Collateral Loan Count 1,536 Beginning Scheduled Collateral Balance 541,464,591.13 Ending Scheduled Collateral Balance 517,144,151.61 Ending Actual Collateral Balance at 30-June-2005 517,144,681.78 Monthly P&I Constant 2,119,044.36 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 2,881.95 Unscheduled Principal 24,317,557.57
MISCELLANEOUS REPORTING Rapid Prepay Condition? NO Underlying Certificate Balance 167,302,474.82 Underlying Certificate Interest 648,391.44 Underlying Certificate Principal 10,560,700.59
GROUP GROUP ONE GROUP TWO TOTAL Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.564868 4.931334 4.689863 Weighted Average Net Rate 4.189777 4.556116 4.314730 Weighted Average Maturity 331 335 332 Record Date 06/30/2005 06/30/2005 06/30/2005 Principal and Interest Constant 1,359,591.91 759,452.45 2,119,044.36 Beginning Loan Count 1,017 586 1,603 Loans Paid in Full 41 26 67 Ending Loan Count 976 560 1,536 Beginning Scheduled Balance 356,779,651.02 184,684,940.11 541,464,591.13 Ending Scheduled Balance 341,919,598.90 175,224,552.71 517,144,151.61 Scheduled Principal 2,382.03 499.92 2,881.95 Unscheduled Principal 14,857,670.09 9,459,887.48 24,317,557.57 Scheduled Interest 1,357,209.88 758,952.53 2,116,162.41 Servicing Fee 111,520.50 57,747.52 169,268.02 Master Servicing Fee 2,973.16 1,539.04 4,512.20 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,242,716.22 699,665.97 1,942,382.19 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group One One Month Libor Loan Balance 187,753,887.49 Six Month Libor Loan Balance 154,165,711.41 Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.556159% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Two Principal Transfer Amount 0.00 Interest Transfer Amount 0.00 Pro Rata Senior Percent 95.298447% Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%
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