8-K 1 sai04002_sept.txt SEPTEMBER 8-K UNITED STATES 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 Date of Report (Date of earliest event reported): September 27, 2004 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106925-24 Pooling and Servicing Agreement) (Commission 54-2144783 (State or other File Number) 54-2144784 jurisdiction 54-2144785 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (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)) ITEM 8.01 Other Events On September 27, 2004 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the September 27, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report 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 hereunto duly authorized. STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/27/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the September 27, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report EX-99.1

Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 78/31/04 Distribution Date: 89/2527/04 SAIL Series: 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A1 86358EGH3 SEN 1.~~56000~~72500% ~~279~~254,~~562~~727,~~086~~446.3760 ~~363~~402,~~430~~787.7278 2426,~~834~~483,~~639~~043.7773 1-A2 86358EGJ9 SEN 2.50900% 247,338,000.00 517,142.54 0.00 2-A 86358EGK6 SEN 1.~~69000~~85500% ~~428~~406,~~636~~592,~~932~~868.8112 ~~603~~691,~~663~~377.6929 2223,~~044~~480,~~064~~628.6948 3-A1 86358EGL4 SEN 1.~~56000~~72500% ~~138~~122,~~573~~789,~~806~~732.2707 ~~180~~194,~~145~~161.9526 1514,~~784~~590,~~074~~999.2168 3-A2 86358EGM2 SEN 2.31700% 133,583,000.00 257,926.51 0.00 A-SIO 86358EGN0 SEN 0.00000% 0.00 0.00 0.00 A4 86358EGW0 SEN 12.~~92000~~08500% 57,867,000.00 92110,~~587~~598.2030 0.00 M1 86358EGP5 MEZ 2.~~05000~~21500% 86,801,000.00 ~~148~~176,~~285~~242.0420 0.00 M2 86358EGQ3 MEZ 2.~~60000~~76500% 22,320,000.00 4856,~~360~~571.0090 0.00 M3 86358EGR1 MEZ 23.~~85000~~01500% 20,667,000.00 4957,~~084~~118.1342 0.00 M4 86358EGS9 MEZ 3.~~10000~~26500% 20,667,000.00 5361,~~389~~854.7561 0.00 M5 86358EGT7 MEZ 3.~~20000~~36500% 20,667,000.00 5563,~~112~~749.0008 0.00 M6 86358EGU4 MEZ 4.~~20000~~36500% 12,399,000.00 4349,~~396~~611.50 0.00 B SAI04002B SUB 4.~~45000~~61500% 6,613,000.00 2427,~~523~~975.2175 0.00 X SAI04002X MEZ 0.00000% 8,272,173.00 5,~~589~~063,~~317~~607.7624 0.00 P SAI04002P MEZ 0.00000% 100.00 1,~~145~~170,~~660~~527.5561 0.00 R SAI0402R1 RES 0.00000% 0.00 0.00 0.00 Totals 1,~~483~~421,~~967~~304,~~098~~319.4579 98,~~172~~901,~~025~~251.5599 6264,~~662~~554,~~778~~671.6789

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 ~~254~~228,~~727~~244,~~446~~402.6086 2526,~~198~~885,~~070~~831.4951 0.00 1-A2 0.00 247,338,000.00 517,142.54 0.00 2-A 0.00 ~~406~~383,~~592~~112,~~868~~239.1264 2224,~~647~~172,~~728~~005.3877 0.00 3-A1 0.00 ~~122~~108,~~789~~198,732.0739 1514,~~964~~785,~~220~~160.1694 0.00 3-A2 0.00 133,583,000.00 257,926.51 0.00 A-SIO 0.00 0.00 0.00 0.00 A4 0.00 57,867,000.00 92110,~~587~~598.2030 0.00 M1 0.00 86,801,000.00 ~~148~~176,~~285~~242.0420 0.00 M2 0.00 22,320,000.00 4856,~~360~~571.0090 0.00 M3 0.00 20,667,000.00 4957,~~084~~118.1342 0.00 M4 0.00 20,667,000.00 5361,~~389~~854.7561 0.00 M5 0.00 20,667,000.00 5563,~~112~~749.0008 0.00 M6 0.00 12,399,000.00 4349,~~396~~611.50 0.00 B 0.00 6,613,000.00 2427,~~523~~975.2175 0.00 X 0.00 8,272,173.00 5,~~589~~063,~~317~~607.7624 0.00 P 0.00 100.00 1,~~145~~170,~~660~~527.5561 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1,~~421~~356,~~304~~749,~~319~~647.7989 7173,~~834~~455,~~804~~923.2288 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 Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A1 340,745,000.00 ~~279~~254,~~562~~727,~~086~~446.3760 0.00 2426,~~834~~483,~~639~~043.7773 0.00 0.00 1-A2 247,338,000.00 247,338,000.00 0.00 0.00 0.00 0.00 2-A 489,929,000.00 ~~428~~406,~~636~~592,~~932~~868.8112 0.00 2223,~~044~~480,~~064~~628.6948 0.00 0.00 3-A1 185,493,000.00 ~~138~~122,~~573~~789,~~806~~732.2707 0.00 1514,~~784~~590,~~074~~999.2168 0.00 0.00 3-A2 133,583,000.00 133,583,000.00 0.00 0.00 0.00 0.00 A-SIO 0.00 0.00 0.00 0.00 0.00 0.00 A4 57,867,000.00 57,867,000.00 0.00 0.00 0.00 0.00 M1 86,801,000.00 86,801,000.00 0.00 0.00 0.00 0.00 M2 22,320,000.00 22,320,000.00 0.00 0.00 0.00 0.00 M3 20,667,000.00 20,667,000.00 0.00 0.00 0.00 0.00 M4 20,667,000.00 20,667,000.00 0.00 0.00 0.00 0.00 M5 20,667,000.00 20,667,000.00 0.00 0.00 0.00 0.00 M6 12,399,000.00 12,399,000.00 0.00 0.00 0.00 0.00 B 6,613,000.00 6,613,000.00 0.00 0.00 0.00 0.00 X 8,272,173.89 8,272,173.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,653,361,273.89 1,~~483~~421,~~967~~304,~~098~~319.4579 0.00 6264,~~662~~554,~~778~~671.6789 0.00 0.00 (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 Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1-A1 2426,~~834~~483,~~639~~043.7773 ~~254~~228,~~727~~244,~~446~~402.6086 0.~~74756034~~66983933 2426,~~834~~483,~~639~~043.7773 1-A2 0.00 247,338,000.00 1.00000000 0.00 2-A 2223,~~044~~480,~~064~~628.6948 ~~406~~383,~~592~~112,~~868~~239.1264 0.~~82990161~~78197502 2223,~~044~~480,~~064~~628.6948 3-A1 1514,~~784~~590,~~074~~999.2168 ~~122~~108,~~789~~198,732.0739 0.~~66196424~~58330359 1514,~~784~~590,~~074~~999.2168 3-A2 0.00 133,583,000.00 1.00000000 0.00 A-SIO 0.00 0.00 0.00000000 0.00 A4 0.00 57,867,000.00 1.00000000 0.00 M1 0.00 86,801,000.00 1.00000000 0.00 M2 0.00 22,320,000.00 1.00000000 0.00 M3 0.00 20,667,000.00 1.00000000 0.00 M4 0.00 20,667,000.00 1.00000000 0.00 M5 0.00 20,667,000.00 1.00000000 0.00 M6 0.00 12,399,000.00 1.00000000 0.00 B 0.00 6,613,000.00 1.00000000 0.00 X 0.00 8,272,173.00 0.99999989 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 6264,~~662~~554,~~778~~671.6789 1,~~421~~356,~~304~~749,~~319~~647.7989 0.~~85964534~~82060084 6264,~~662~~554,~~778~~671.6789

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 340,745,000.00 ~~820~~747.~~44369358~~56033573 0.00000000 7277.~~88335785~~72100465 0.00000000 1-A2 247,338,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A 489,929,000.00 ~~874~~829.~~89602128~~90161456 0.00000000 4447.~~99440672~~92659442 0.00000000 3-A1 185,493,000.00 ~~747~~661.~~05679605~~96423622 0.00000000 8578.~~09255988~~66064854 0.00000000 3-A2 133,583,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-SIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A4 57,867,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 86,801,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 22,320,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 20,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 20,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 20,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 12,399,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 6,613,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 8,272,173.89 999.99989241 0.00000000 0.00000000 0.00000000 P 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A1 0.00000000 7277.~~88335785~~72100465 ~~747~~669.~~56033573~~83933105 0.~~74756034~~66983933 7277.~~88335785~~72100465 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A 0.00000000 4447.~~99440672~~92659442 ~~829~~781.~~90161456~~97502014 0.~~82990161~~78197502 4447.~~99440672~~92659442 3-A1 0.00000000 8578.~~09255988~~66064854 ~~661~~583.~~96423622~~30358768 0.~~66196424~~58330359 8578.~~09255988~~66064854 3-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.99989241 0.99999989 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 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 Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A1 340,745,000.00 1.~~56000~~72500% ~~279~~254,~~562~~727,~~086~~446.3760 ~~363~~402,~~430~~787.7177 0.00 0.00 1-A2 247,338,000.00 2.50900% 247,338,000.00 517,142.54 0.00 0.00 2-A 489,929,000.00 1.~~69000~~85500% ~~428~~406,~~636~~592,~~932~~868.8112 ~~603~~691,~~663~~377.6829 0.00 0.00 3-A1 185,493,000.00 1.~~56000~~72500% ~~138~~122,~~573~~789,~~806~~732.2707 ~~180~~194,~~145~~161.9526 0.00 0.00 3-A2 133,583,000.00 2.31700% 133,583,000.00 257,926.51 0.00 0.00 A-SIO 0.00 0.00000% 1,~~129~~092,~~049~~976,~~830~~783.1131 0.00 0.00 0.00 A4 57,867,000.00 12.~~92000~~08500% 57,867,000.00 92110,~~587~~598.2030 0.00 0.00 M1 86,801,000.00 2.~~05000~~21500% 86,801,000.00 ~~148~~176,~~285~~242.0420 0.00 0.00 M2 22,320,000.00 2.~~60000~~76500% 22,320,000.00 4856,~~360~~571.0090 0.00 0.00 M3 20,667,000.00 23.~~85000~~01500% 20,667,000.00 4957,~~084~~118.1242 0.00 0.00 M4 20,667,000.00 3.~~10000~~26500% 20,667,000.00 5361,~~389~~854.7561 0.00 0.00 M5 20,667,000.00 3.~~20000~~36500% 20,667,000.00 5563,~~112~~749.0008 0.00 0.00 M6 12,399,000.00 4.~~20000~~36500% 12,399,000.00 4349,~~396~~611.50 0.00 0.00 B 6,613,000.00 4.~~45000~~61500% 6,613,000.00 2427,~~523~~975.2175 0.00 0.00 X 8,272,173.89 0.00000% 8,272,173.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,653,361,273.89 2,~~437~~667,~~047~~117.2113 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A1 (0.~~01)~~00 0.00 ~~363~~402,~~430~~787.7278 0.00 ~~254~~228,~~727~~244,~~446~~402.6086 1-A2 (0.~~01)~~00 0.00 517,142.54 0.00 247,338,000.00 2-A (0.~~01)~~00 0.00 ~~603~~691,~~663~~377.6929 0.00 ~~406~~383,~~592~~112,~~868~~239.1264 3-A1 0.00 0.00 ~~180~~194,~~145~~161.9526 0.00 ~~122~~108,~~789~~198,732.0739 3-A2 0.00 0.00 257,926.51 0.00 133,583,000.00 A-SIO 0.00 0.00 0.00 0.00 1,~~092~~054,~~976~~366,~~783~~391.3106 A4 0.00 0.00 92110,~~587~~598.2030 0.00 57,867,000.00 M1 0.00 0.00 ~~148~~176,~~285~~242.0420 0.00 86,801,000.00 M2 0.00 0.00 4856,~~360~~571.0090 0.00 22,320,000.00 M3 0.00 0.00 4957,~~084~~118.1342 0.00 20,667,000.00 M4 0.00 0.00 5361,~~389~~854.7561 0.00 20,667,000.00 M5 0.00 0.00 5563,~~112~~749.0008 0.00 20,667,000.00 M6 0.00 0.00 4349,~~396~~611.50 0.00 12,399,000.00 B 0.00 0.00 2427,~~523~~975.2175 0.00 6,613,000.00 X 0.00 0.00 5,~~589~~063,~~317~~607.7624 0.00 8,272,173.00 P 0.00 0.00 1,~~145~~170,~~660~~527.5561 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals (0.~~03)~~00 0.00 98,~~172~~901,~~025~~251.5599 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 of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-A1 340,745,000.00 1.~~56000~~72500% ~~820~~747.~~44369358~~56033573 1.~~06657679~~18207977 0.00000000 0.00000000 1-A2 247,338,000.00 2.50900% 1000.00000000 2.09083335 0.00000000 0.00000000 2-A 489,929,000.00 1.~~69000~~85500% ~~874~~829.~~89602128~~90161456 1.~~23214523~~41117854 0.00000000 0.00000000 3-A1 185,493,000.00 1.~~56000~~72500% ~~747~~661.~~05679605~~96423622 01.~~97117384~~04673093 0.00000000 0.00000000 3-A2 133,583,000.00 2.31700% 1000.00000000 1.93083334 0.00000000 0.00000000 A-SIO 0.00 0.00000% ~~909~~880.~~52869909~~46933391 0.00000000 0.00000000 0.00000000 A4 57,867,000.00 12.~~92000~~08500% 1000.00000000 1.~~60000000~~91124994 0.00000000 0.00000000 M1 86,801,000.00 2.~~05000~~21500% 1000.00000000 12.~~70833331~~03041670 0.00000000 0.00000000 M2 22,320,000.00 2.~~60000~~76500% 1000.00000000 2.~~16666667~~53458333 0.00000000 0.00000000 M3 20,667,000.00 23.~~85000~~01500% 1000.00000000 2.~~37499976~~76374994 0.00000000 0.00000000 M4 20,667,000.00 3.~~10000~~26500% 1000.00000000 2.~~58333333~~99291673 0.00000000 0.00000000 M5 20,667,000.00 3.~~20000~~36500% 1000.00000000 23.~~66666667~~08458315 0.00000000 0.00000000 M6 12,399,000.00 4.~~20000~~36500% 1000.00000000 34.~~50000000~~00125010 0.00000000 0.00000000 B 6,613,000.00 4.~~45000~~61500% 1000.00000000 34.~~70833359~~23041736 0.00000000 0.00000000 X 8,272,173.89 0.00000% 999.99989241 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A1 (0.~~00000003)~~00000000 0.00000000 1.~~06657682~~18207980 0.00000000 ~~747~~669.~~56033573~~83933105 1-A2 (0.~~00000004)~~00000000 0.00000000 2.09083335 0.00000000 1000.00000000 2-A (0.~~00000002)~~00000000 0.00000000 1.~~23214525~~41117854 0.00000000 ~~829~~781.~~90161456~~97502014 3-A1 0.00000000 0.00000000 01.~~97117384~~04673093 0.00000000 ~~661~~583.~~96423622~~30358768 3-A2 0.00000000 0.00000000 1.93083334 0.00000000 1000.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 ~~880~~849.~~46933391~~36595928 A4 0.00000000 0.00000000 1.~~60000000~~91124994 0.00000000 1000.00000000 M1 0.00000000 0.00000000 12.~~70833331~~03041670 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~16666667~~53458333 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~37500024~~76374994 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.~~58333333~~99291673 0.00000000 1000.00000000 M5 0.00000000 0.00000000 23.~~66666667~~08458315 0.00000000 1000.00000000 M6 0.00000000 0.00000000 34.~~50000000~~00125010 0.00000000 1000.00000000 B 0.00000000 0.00000000 34.~~70833359~~23041736 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~675~~612.~~67701481~~12533819 0.00000000 999.99989241 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 7374,~~028~~547,~~248~~548.4018 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) (9037,~~053~~027.5257) Prepayment Penalties 0.00 Total Deposits 7274,~~938~~510,~~194~~520.8861 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,~~103~~054,~~390~~596.6572 Payment of Interest and Principal 7173,~~834~~455,~~804~~923.2389 Total Withdrawals (Pool Distribution Amount) 7274,~~938~~510,~~194~~520.8861 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~540~~516,~~196~~837.0259 Credit Risk Fee 1817,~~549~~766.5930 PMI Insurance Premium Fee ~~544~~519,~~645~~992.0483 Wells Fargo Bank, NA 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~103~~054,~~390~~596.6572

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1110 0 0 1110 1,~~498~~079,~~569~~865.8964 0.00 0.00 1,~~498~~079,~~569~~865.8964 30 Days ~~167~~166 3 1 0 ~~171~~0 167 24,~~185~~554,~~054~~020.7716 ~~238~~246,~~894~~957.5942 ~~224,077~~0.0400 0.00 24,~~648~~800,~~026~~977.4058 60 Days 6355 02 75 0 7062 107,~~576~~692,~~391~~227.8270 0205,345.0083 1502,~~127,312~~738.4288 0.00 118,~~703~~400,~~704~~312.2441 90 Days 2024 12 2034 0 4160 23,~~917~~779,~~492~~680.4500 ~~107~~263,~~688~~248.8593 36,~~180~~192,~~434~~683.2882 0.00 610,~~205~~235,~~615~~612.5875 120 Days 193 64 2921 10 5528 2287,~~922,766~~826.2044 ~~534~~277,~~935~~948.0984 53,~~088~~470,~~435~~471.6862 ~~83,112~~0.0800 84,~~629~~036,~~249~~246.0590 150 Days ~~15 1~~ 3 05 1941 2 51 354,~~082,143~~023.1352 77487,~~400~~389.0041 ~~544~~7,~~446~~213,663.0739 0108,485.0009 28,~~703~~163,~~989~~561.2041 180+ Days 74 13 118 14 1029 1198,~~593,257~~013.9597 ~~111~~254,~~600~~939.0077 ~~133~~3,~~890~~961,205.3755 76171,~~500~~491.0063 14,~~915~~585,~~248~~650.3292 Totals ~~291~~255 2327 61119 26 ~~377~~407 4436,~~277~~865,~~106~~791.3279 2,~~569~~815,~~088~~695.4284 1021,~~298~~340,~~595~~763.8626 ~~159~~279,~~612~~976.0872 5761,~~304~~302,~~402~~227.6861 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~127610~~121021% 0.000000% 0.000000% 0.~~127610~~121021% 0.~~105353~~079525% 0.000000% 0.000000% 0.~~105353~~079525% 30 Days 12.~~937355~~008956% 0.~~034803~~012102% 0.~~011601~~000000% 0.000000% 12.~~983759~~021058% 1.~~700261~~808239% 0.~~016795~~018187% 0.~~015753~~000000% 0.000000% 1.~~732809~~826426% 60 Days 0.~~730858~~665618% 0.~~000000~~024204% 0.~~081206~~060511% 0.000000% 0.~~812065~~750333% 0.~~743543~~566481% 0.~~000000~~015122% 0.~~079252~~037023% 0.000000% 0.~~822795~~618627% 90 Days 0.~~232019~~290451% 0.~~011601~~024204% 0.~~232019~~411473% 0.000000% 0.~~475638~~726129% 0.~~205106~~278348% 0.~~007571~~019387% 0.~~223591~~456050% 0.000000% 0.~~436268~~753784% 120 Days 0.~~220418~~036306% 0.~~069606~~048409% 0.~~336427~~254145% 0.~~011601~~000000% 0.~~638051~~338860% 0.~~205477~~021196% 0.~~037607~~020469% 0.~~357728~~255577% 0.~~005843~~000000% 0.~~606655~~297243% 150 Days 0.~~174014~~036306% 0.~~011601~~060511% 0.~~034803~~496188% 0.~~000000~~024204% 0.~~220418~~617209% 0.~~146379~~026071% 0.~~005441~~035893% 0.~~038276~~531238% 0.~~000000~~007989% 0.~~190096~~601192% 180+ Days 0.~~081206~~048409% 0.~~011601~~036306% 0.~~011601~~217839% 0.~~011601~~048409% 0.~~116009~~350962% 0.~~112009~~014582% 0.~~007846~~018775% 0.~~009413~~291716% 0.~~005378~~012629% 0.~~134646~~337702% Totals 3.~~375870~~086046% 0.~~266821~~326758% 01.~~707657~~440155% 0.~~023202~~072613% 4.~~373550~~925572% 32.~~112775~~714919% 0.~~180612~~207357% 01.~~724013~~571604% 0.~~011221~~020618% 4.~~028622~~514499%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 30 0 0 30 ~~276,387~~0.3600 0.00 0.00 ~~276,387~~0.3600 30 Days 1419 10 0 0 1519 12,~~660~~610,~~148~~141.55 61~~,245~~ 0.0100 0.00 0.00 12,~~721~~610,~~393~~141.5661 60 Days 76 0 01 0 7 ~~866~~729,~~567~~283.3193 0.00 044,651.0053 0.00 ~~866~~773,~~567~~935.3146 90 Days 32 0 21 0 53 ~~232~~167,~~446~~827.2774 0.00 99128,~~689~~849.3503 0.00 ~~332~~296,~~135~~676.6277 120 Days 1 02 2 0 35 3962,~~967~~345.3888 0141,508.0026 ~~263~~99,~~561~~689.9135 0.00 303,~~529~~543.2949 150 Days 4 0 0 3 0 43 ~~166,502.28~~ 0.00 0.00 303,529.29 0.00 ~~166~~303,~~502~~529.2829 180 Days 02 0 01 01 04 086,744.0097 0.00 044,231.0044 035,525.0087 0166,502.0028 Totals 2930 42 48 01 3741 23,~~965~~656,~~631~~344.7913 ~~337~~141,~~632~~508.3726 ~~363~~620,~~251~~950.2664 035,525.0087 34,~~666~~454,~~515~~328.4290 0-29 Days 0.~~221402~~000000% 0.000000% 0.000000% 0.~~221402~~000000% 0.~~156267~~000000% 0.000000% 0.000000% 0.~~156267~~000000% 30 Days 1.~~033210~~445967% 0.~~073801~~000000% 0.000000% 0.000000% 1.~~107011~~445967% 01.~~938636~~523669% 0.~~034627~~000000% 0.000000% 0.000000% 01.~~973263~~523669% 60 Days 0.~~516605~~456621% 0.000000% 0.~~000000~~076104% 0.000000% 0.~~516605~~532725% 0.~~489951~~425719% 0.000000% 0.~~000000~~026065% 0.000000% 0.~~489951~~451784% 90 Days 0.~~221402~~152207% 0.000000% 0.~~147601~~076104% 0.000000% 0.~~369004~~228311% 0.~~131423~~097969% 0.000000% 0.~~056364~~075216% 0.000000% 0.~~187787~~173185% 120 Days 0.~~073801~~076104% 0.~~000000~~152207% 0.~~147601~~152207% 0.000000% 0.~~221402~~380518% 0.~~022597~~036394% 0.~~000000~~082605% 0.~~149016~~058194% 0.000000% 0.~~171613~~177193% 150 Days 0.~~295203~~000000% 0.000000% 0.~~000000~~228311% 0.000000% 0.~~295203~~228311% 0.~~094139~~000000% 0.000000% 0.~~000000~~177185% 0.000000% 0.~~094139~~177185% 180 Days 0.~~000000~~152207% 0.000000% 0.~~000000~~076104% 0.~~000000~~076104% 0.~~000000~~304414% 0.~~000000~~050637% 0.000000% 0.~~000000~~025820% 0.~~000000~~020738% 0.~~000000~~097196% Totals 2.~~140221~~283105% 0.~~295203~~152207% 0.~~295203~~608828% 0.~~000000~~076104% 23.~~730627~~120244% 12.~~676746~~134389% 0.~~190895~~082605% 0.~~205380~~362480% 0.~~000000~~020738% 2.~~073021~~600212% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 32 0 0 32 ~~669~~249,~~063~~520.3412 0.00 0.00 ~~669~~249,~~063~~520.3412 30 Days 6655 0 1 0 670 956 8,~~563~~649,~~181~~944.8062 246,957.42 0.00 ~~224,077.04~~ 0.00 98,~~787~~896,~~258~~902.8404 60 Days 1117 0 3 0 1420 12,~~777~~019,~~530~~245.6763 0.00 ~~154~~362,~~682~~143.4667 0.00 12,~~932~~381,~~213~~389.1330 90 Days 25 1 85 0 11 ~~208~~605,~~112~~160.4440 ~~107~~54,~~688~~634.8538 1993,~~120,795~~209.0157 0.00 1,~~436~~653,~~596~~004.3035 120 Days 50 0 97 0 147 ~~689,982~~0.1800 0.00 1840,~~630,001~~801.8089 0.00 2840,~~319,983~~801.9889 150 Days 41 0 113 0 514 ~~728~~147,~~797~~306.6091 0.00 402,~~000~~172,677.0007 0.00 ~~768~~2,~~797~~319,983.6098 180 Days 0 0 04 01 05 0.00 0.00 0709,331.0084 059,465.0076 0768,797.0060 Totals 8878 4 2232 01 ~~114~~115 1211,~~967~~421,~~604~~657.6956 ~~776~~551,~~752~~111.1992 35,~~169~~078,~~556~~164.3104 059,465.0076 1617,~~913~~110,~~913~~399.1928 0-29 Days 0.~~109131~~075959% 0.000000% 0.000000% 0.~~109131~~075959% 0.~~154324~~060469% 0.000000% 0.000000% 0.~~154324~~060469% 30 Days 2.~~400873~~088872% 0.~~000000~~037979% 0.~~036377~~000000% 0.000000% 2.~~437250~~126852% 2.~~205819~~096232% 0.~~000000~~059848% 0.~~051685~~000000% 0.000000% 2.~~257504~~156080% 60 Days 0.~~400146~~645651% 0.000000% 0.~~109131~~113938% 0.000000% 0.~~509276~~759590% 0.~~410001~~489345% 0.000000% 0.~~035679~~087762% 0.000000% 0.~~445679~~577107% 90 Days 0.~~072754~~189897% 0.~~036377~~037979% 0.~~291015~~189897% 0.000000% 0.~~400146~~417774% 0.~~048003~~146655% 0.~~024839~~013240% 0.~~258520~~240695% 0.000000% 0.~~331362~~400590% 120 Days 0.~~181884~~000000% 0.000000% 0.~~327392~~265856% 0.000000% 0.~~509276~~265856% 0.~~159149~~000000% 0.000000% 0.~~375972~~203760% 0.000000% 0.~~535121~~203760% 150 Days 0.~~145507~~037979% 0.000000% 0.~~036377~~493733% 0.000000% 0.~~181884~~531713% 0.~~168103~~035698% 0.000000% 0.~~009226~~526528% 0.000000% 0.~~177329~~562226% 180 Days 0.000000% 0.000000% 0.~~000000~~151918% 0.~~000000~~037979% 0.~~000000~~189897% 0.000000% 0.000000% 0.~~000000~~171900% 0.~~000000~~014411% 0.~~000000~~186311% Totals 32.~~201164~~962400% 0.~~145507~~151918% 01.~~800291~~215344% 0.~~000000~~037979% 4.~~146963~~367641% 2.~~991074~~767930% 0.~~179164~~133557% 01.~~731082~~230645% 0.~~000000~~014411% 34.~~901319~~146543% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 23 0 0 23 5388,~~220~~283.3643 0.00 0.00 5388,~~220~~283.3643 30 Days 1520 10 0 0 1620 12,~~741~~473,~~250~~956.6174 ~~121,824~~0.6800 0.00 0.00 12,~~863~~473,~~075~~956.2974 60 Days 36 01 01 0 38 ~~160~~533,~~252~~185.1760 0121,824.0068 095,943.0068 0.00 ~~160~~750,~~252~~953.1796 90 Days 53 0 20 0 73 ~~575~~110,~~033~~190.4668 0.00 ~~101,595~~0.2200 0.00 ~~676~~110,~~628~~190.68 120 Days 1 10 3 0 54 2549,~~373~~692.0125 ~~43,695~~0.0800 ~~165~~489,~~659~~482.7640 0.00 ~~234~~539,~~727~~174.8565 150 Days 1 0 01 02 1 ~~30,342.99~~4 0.00 043,695.0008 0103,829.0003 3025,~~342~~373.9901 172,897.12 180 Days 01 0 1 0 12 030,342.0099 0.00 133,890.37 0.00 ~~133~~164,~~890~~233.3736 Totals 2531 45 67 01 3544 23,~~532~~197,~~252~~368.2426 ~~218~~253,~~740~~803.1219 ~~401~~823,145.3548 025,373.0001 34,~~152~~299,~~137~~689.7194 0-29 Days 0.~~164745~~258398% 0.000000% 0.000000% 0.~~164745~~258398% 0.~~037633~~065083% 0.000000% 0.000000% 0.~~037633~~065083% 30 Days 1.~~235585~~722653% 0.~~082372~~000000% 0.000000% 0.000000% 1.~~317957~~722653% 1.~~231264~~823824% 0.~~086144~~000000% 0.000000% 0.000000% 1.~~317408~~823824% 60 Days 0.~~247117~~516796% 0.~~000000~~086133% 0.~~000000~~086133% 0.000000% 0.~~247117~~689061% 0.~~113317~~393069% 0.~~000000~~089810% 0.~~000000~~070731% 0.000000% 0.~~113317~~553610% 90 Days 0.~~411862~~258398% 0.000000% 0.~~164745~~000000% 0.000000% 0.~~576606~~258398% 0.~~406615~~081234% 0.000000% 0.~~071839~~000000% 0.000000% 0.~~478454~~081234% 120 Days 0.~~082372~~086133% 0.~~082372~~000000% 0.~~247117~~258398% 0.000000% 0.~~411862~~344531% 0.~~017942~~036634% 0.~~030897~~000000% 0.~~117140~~360851% 0.000000% 0.~~165980~~397485% 150 Days 0.~~082372~~000000% 0.~~000000~~086133% 0.~~000000~~172265% 0.~~000000~~086133% 0.~~082372~~344531% 0.~~021456~~000000% 0.~~000000~~032212% 0.~~000000~~076544% 0.~~000000~~018705% 0.~~021456~~127461% 180 Days 0.~~000000~~086133% 0.000000% 0.~~082372~~086133% 0.000000% 0.~~082372~~172265% 0.~~000000~~022369% 0.000000% 0.~~094676~~098705% 0.000000% 0.~~094676~~121074% Totals 2.~~059308~~670112% 0.~~329489~~430663% 0.~~494234~~602929% 0.~~000000~~086133% 23.~~883031~~789836% 12.~~790593~~357130% 0.~~154674~~187106% 0.~~283656~~606831% 0.~~000000~~018705% 23.~~228923~~169772% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 35 0 0 35 ~~499~~742,~~898~~062.8309 0.00 0.00 ~~499~~742,~~898~~062.8309 30 Days 5660 10 0 0 5760 78,~~813~~134,~~359~~104.6620 ~~55,824~~0.9000 0.00 0.00 78,~~869~~134,~~184~~104.5620 60 Days 3217 0 30 0 3517 42,~~783~~341,~~458~~509.6057 0.00 ~~380,281~~0.3200 0.00 52,~~163~~341,~~739~~509.9257 90 Days 9 01 724 0 1634 1,~~205~~365,~~426~~174.2252 0208,614.0055 13,~~274~~382,~~649~~866.9825 0.00 24,~~480~~956,~~076~~655.2032 120 Days 71 2 8 0 1711 ~~714~~175,~~758~~788.7131 ~~209~~136,~~329~~440.3258 1,~~366~~456,~~424~~793.2226 0.00 21,~~290~~769,~~512~~022.2515 150 Days 30 1 113 0 514 ~~570,289~~0.6200 77161,~~400~~783.0064 651,~~669~~724,871.2970 0.00 ~~713~~1,~~358~~886,655.9134 180 Days 0 1 05 0 06 ~~1 191,250~~0.00 077,400.00 0827,208.0091 0.00 ~~191~~904,~~250~~608.0091 Totals ~~108~~87 710 1950 0 ~~134~~147 1512,~~278~~016,~~542~~576.8160 ~~842~~1,~~453~~326,300.0586 37,~~087~~391,~~024~~740.8112 0.00 1920,~~208~~734,~~020~~617.6758 0-29 Days 0.~~130947~~228102% 0.000000% 0.000000% 0.~~130947~~228102% 0.~~140635~~219693% 0.000000% 0.000000% 0.~~140635~~219693% 30 Days 2.~~444347~~737226% 0.~~043649~~000000% 0.000000% 0.000000% 2.~~487997~~737226% 2.~~198101~~408167% 0.~~015705~~000000% 0.000000% 0.000000% 2.~~213806~~408167% 60 Days 10.~~396770~~775547% 0.000000% 0.~~130947~~000000% 0.000000% 10.~~527717~~775547% 10.~~345711~~693223% 0.000000% 0.~~106983~~000000% 0.000000% 10.~~452694~~693223% 90 Days 0.~~392842~~410584% 0.~~000000~~045620% 01.~~305543~~094891% 0.000000% 01.~~698385~~551095% 0.~~339118~~404171% 0.~~000000~~061762% 01.~~358592~~001525% 0.000000% 01.~~697710~~467458% 120 Days 0.~~305543~~045620% 0.~~087298~~091241% 0.~~349192~~364964% 0.000000% 0.~~742034~~501825% 0.~~201080~~052044% 0.~~058890~~040394% 0.~~384411~~431295% 0.000000% 0.~~644381~~523733% 150 Days 0.~~130947~~000000% 0.~~043649~~045620% 0.~~043649~~593066% 0.000000% 0.~~218245~~638686% 0.~~160437~~000000% 0.~~021775~~047897% 0.~~018474~~510662% 0.000000% 0.~~200686~~558560% 180 Days 0.~~043649~~000000% 0.~~000000~~045620% 0.~~000000~~228102% 0.000000% 0.~~043649~~273723% 0.~~053804~~000000% 0.~~000000~~022915% 0.~~000000~~244902% 0.000000% 0.~~053804~~267817% Totals 43.~~714099~~968978% 0.~~305543~~456204% 02.~~829332~~281022% 0.000000% 56.~~848974~~706204% 43.~~298251~~557604% 0.~~237004~~392662% 02.~~868460~~188384% 0.000000% 56.~~403715~~138651% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4 0 0 0 4 ~~465~~628,~~751~~585.4874 0.00 0.00 0.00 ~~465~~628,~~751~~585.4874 60 Days 23 0 0 0 23 70127,~~299~~366.2008 0.00 0.00 0.00 70127,~~299~~366.2008 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 1 0 1 0.00 0.00 583,704.72 0.00 583,704.72 ~~120~~150 Days 32 1 01 0 4 ~~406~~206,~~451~~716.7961 63,759.50 0199,735.0018 0.00 470,211.29 ~~150~~180 Days 1 0 02 0 1 4 80,926.01 0.00 ~~0.00 0.00 80,926.01 180 Days 2 0 0 1 3~~ 171,742.34 ~~0.00 0.00~~ 76,500.00 ~~248~~329,~~242~~168.3435 Totals 1210 1 14 1 1516 1,~~195~~043,~~170~~594.8244 63,759.50 ~~583~~955,~~704~~182.7224 76,500.00 12,~~919~~139,~~135~~036.0418 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~215805~~253918% 0.000000% 0.000000% 0.000000% 1.~~215805~~253918% 0.~~592323~~811818% 0.000000% 0.000000% 0.000000% 0.~~592323~~811818% 60 Days 0.~~607903~~940439% 0.000000% 0.000000% 0.000000% 0.~~607903~~940439% 0.~~089404~~164493% 0.000000% 0.000000% 0.000000% 0.~~089404~~164493% 90 Days 0.000000% 0.000000% 0.~~303951~~000000% 0.000000% 0.~~303951~~000000% 0.000000% 0.000000% 0.~~742331~~000000% 0.000000% 0.~~742331~~000000% 120 Days 0.~~911854~~000000% 0.~~303951~~000000% 0.~~000000~~313480% 0.000000% 10.~~215805~~313480% 0.~~516908~~000000% 0.~~081087~~000000% 0.~~000000~~753854% 0.000000% 0.~~597995~~753854% 150 Days 0.~~303951~~626959% 0.~~000000~~313480% 0.~~000000~~313480% 0.000000% 01.~~303951~~253918% 0.~~102918~~266974% 0.~~000000~~082345% 0.~~000000~~257958% 0.000000% 0.~~102918~~607277% 180 Days 0.~~607903~~313480% 0.000000% 0.~~000000~~626959% 0.~~303951~~313480% 01.~~911854~~253918% 0.~~218415~~104516% 0.000000% 0.~~000000~~221805% 0.~~097290~~098800% 0.~~315704~~425121% Totals 3.~~647416~~134796% 0.~~303951~~313480% 01.~~303951~~253918% 0.~~303951~~313480% 45.~~559271~~015674% 1.~~519968~~347801% 0.~~081087~~082345% 01.~~742331~~233617% 0.~~097290~~098800% 2.~~440676~~762563% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 128 0 0 0 128 2,~~941~~057,~~362~~287.6725 0.00 0.00 0.00 2,~~941~~057,~~362~~287.6725 60 Days 86 1 0 0 7 1,941,636.89 83,521.15 0.00 90.00 2,~~918~~025,~~283~~158.8704 90 Days 5 0 4 0 9 1,531,326.66 0.00 ~~592~~1,~~348~~687,758.6497 0.00 3,~~510~~219,~~632~~085.5163 90120 Days 10 0 0 0 10 ~~696,474~~0.0600 0.00 0.00 0.00 ~~696,474~~0.0600 ~~120~~150 Days 20 2 79 1 12 ~~1,046,233~~0.1300 218,151.19 12,~~662~~709,~~787~~021.9912 83,112.08 3,010,284.39 ~~150~~180 Days 0 2 05 1 08 ~~3 505,284.63~~ 0.00 ~~438~~177,~~776~~539.7877 ~~0.00 944~~2,~~061.41 180 Days 4 1 0 0 5 1~~074,~~230,265~~800.6165 ~~111,600.00~~ 0.00 ~~0.00 1~~2,~~341~~252,~~865~~340.6142 Totals 2919 35 918 12 4244 95,~~337~~530,~~903~~250.9780 ~~329~~479,~~751~~212.1911 26,~~693~~471,~~913~~580.4174 83,112.08 12,~~444~~564,~~680~~155.6573 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~759531~~242236% 0.000000% 0.000000% 0.000000% 1.~~759531~~242236% 10.~~243654~~922136% 0.000000% 0.000000% 0.000000% 10.~~243654~~922136% 60 Days 10.~~173021~~931677% 0.~~000000~~155280% 0.~~146628~~000000% 0.000000% 1.~~319648~~086957% 10.~~233896~~870298% 0.~~000000~~037437% 0.~~250454~~000000% 0.000000% 10.~~484350~~907735% 90 Days 0.~~146628~~776398% 0.000000% 0.~~000000~~621118% 0.000000% 01.~~146628~~397516% 0.~~294480~~686385% 0.000000% 0.~~000000~~756503% 0.000000% 01.~~294480~~442888% 120 Days 0.~~293255~~000000% 0.~~293255~~000000% 10.~~026393~~000000% 0.~~146628~~000000% 10.~~759531~~000000% 0.~~442364~~000000% 0.~~092238~~000000% 0.~~703053~~000000% 0.~~035141~~000000% 10.~~272795~~000000% 150 Days 0.~~293255~~000000% 0.~~000000~~310559% 01.~~146628~~397516% 0.~~000000~~155280% 01.~~439883~~863354% 0.~~213642~~000000% 0.~~000000~~097782% 01.~~185522~~214262% 0.~~000000~~037253% 01.~~399164~~349297% 180 Days 0.~~586510~~000000% 0.~~146628~~310559% 0.~~000000~~776398% 0.~~000000~~155280% 01.~~733138~~242236% 0.~~520176~~000000% 0.~~047186~~079579% 0.~~000000~~929986% 0.000000% 01.~~567362~~009565% Totals 42.~~252199~~950311% 0.~~439883~~776398% 12.~~319648~~795031% 0.~~146628~~310559% 6.~~158358~~832298% 32.~~948212~~478820% 0.~~139424~~214797% 12.~~139029~~900752% 0.~~035141~~037253% 5.~~261806~~631622%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~455537~~447514% Weighted Average Net Coupon 7.~~018711~~011151% Weighted Average Pass-Through Rate 6.~~578287~~572124% Weighted Average Maturity(Stepdown Calculation ) ~~346~~345 Beginning Scheduled Collateral Loan Count 8,~~948~~620 Number Of Loans Paid In Full ~~328~~357 Ending Scheduled Collateral Loan Count 8,~~620~~263 Beginning Scheduled Collateral Balance 1,~~483~~421,~~967~~304,~~098~~319.4578 Ending Scheduled Collateral Balance 1,~~421~~356,~~304~~749,~~319~~647.7889 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 1,~~422~~357,~~431~~896,~~924~~702.6825 Monthly P &I Constant 109,~~415~~976,~~050~~755.0515 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 9037,~~053~~027.5257 Cumulative Realized Loss ~~144~~181,~~432~~460.7633 Ending Scheduled Balance for Premium Loans 1,~~421~~356,~~304~~749,~~319~~647.7889 Scheduled Principal 1,~~195~~155,~~240~~768.9005 Unscheduled Principal 6163,~~467~~398,~~537~~903.7784

Miscellaneous Reporting Credit Risk Managers Fee 1817,~~549~~766.5930 Excess Cash Amount 5,~~679~~100,~~371~~634.2881 Overcollateralization Deficiency Amount 0.00 Target Overcollateralization 8,272,273.00 Cap Payment 0.00

Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.~~616359~~608137 7.~~293973~~290402 7.~~812707~~799724 Weighted Average Net Rate 7.~~225907~~217442 6.~~881463~~878411 7.~~391933~~379669 Weighted Average Maturity ~~348~~347 ~~348~~347 ~~342~~341 Beginning Loan Count 1,~~393~~355 2,~~854~~749 1,~~249~~214 Loans Paid In Full 3841 ~~105~~116 3553 Ending Loan Count 1,~~355~~314 2,~~749~~633 1,~~214~~161 Beginning Scheduled Balance ~~182~~176,~~188~~725,~~217~~096.8752 ~~452~~433,~~609~~186,~~536~~772.0127 ~~144~~141,~~388~~306,~~122~~932.9408 Ending scheduled Balance ~~176~~171,~~725~~159,~~096~~527.5272 ~~433~~412,~~186~~285,~~772~~220.2719 ~~141~~135,~~306~~529,~~932~~009.0813 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant 1,~~325~~286,~~974~~524.4194 32,~~123~~991,~~969~~556.9507 1,~~083~~060,~~762~~156.6382 Scheduled Principal ~~169~~166,~~632~~067.0068 ~~372~~359,~~868~~801.6446 ~~143~~141,~~710~~694.8630 Unscheduled Principal 5,~~293~~399,~~489~~501.3512 1920,~~049~~541,~~895~~750.1062 25,~~937~~636,~~480~~228.0065 Scheduled Interest 1,~~156~~120,~~342~~457.4126 2,~~751~~631,~~101~~754.3161 ~~940~~918,~~051~~462.7752 Servicing Fees 5957,~~279~~538.8203 ~~155~~148,~~588~~724.1413 5049,~~628~~463.9583 Master Servicing Fees 0.00 0.00 0.00 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 6360,~~294~~689.0259 ~~210~~201,~~599~~556.3749 4543,~~249~~917.5094 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~033~~002,~~768~~229.5764 2,~~384~~281,~~913~~473.8099 ~~844~~825,~~173~~080.3275 Realized Loss Amount 0.00 ~~90,053~~79.5200 0.00 Cumulative Realized Loss 0.00 90,~~053~~132.52 0.00 Percentage of Cumulative Losses 0.0000 0.0180 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~809015~~805347 6.~~323103~~320066 7.~~015868~~006711

Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.~~762481~~750430 7.~~412187~~386336 6.~~979552~~969806 Weighted Average Net Rate 7.~~283046~~271182 6.~~988022~~962401 6.~~515354~~505188 Weighted Average Maturity ~~342~~341 ~~346~~345 ~~346~~345 Beginning Loan Count 2,~~391~~291 ~~340~~329 ~~721~~682 Loans Paid In Full ~~100~~99 1110 3938 Ending Loan Count 2,~~291~~192 ~~329~~319 ~~682~~644 Beginning Scheduled Balance ~~374~~355,~~137~~206,~~655~~209.0163 8078,~~428~~569,~~016~~945.3150 ~~250~~236,~~215~~309,~~550~~363.3178 Ending scheduled Balance ~~355~~337,~~206~~516,~~209~~394.6362 7877,~~569~~363,~~945~~262.5065 ~~236~~222,~~309~~896,~~363~~233.7858 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant 2,~~669~~532,~~179~~643.3782 ~~571~~557,~~406~~759.2502 1,~~640~~548,~~757~~114.4448 Scheduled Principal ~~248~~238,~~982~~476.3743 74,~~616~~139.6901 ~~185~~175,~~430~~589.3417 Unscheduled Principal 1817,~~682~~451,~~463~~338.0158 1,~~783~~132,~~454~~543.1284 13,~~720~~237,~~756~~541.1903 Scheduled Interest 2,~~420~~294,~~197~~167.0039 ~~496~~483,~~789~~620.5601 1,~~455~~372,~~327~~525.1031 Servicing Fees ~~149~~141,~~478~~859.9293 2827,~~428~~757.9314 9691,~~791~~494.2653 Master Servicing Fees 0.00 0.00 0.00 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 ~~119~~115,~~824~~111.7279 1817,~~666~~663.5324 8781,~~010~~053.9078 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 2,~~150~~037,~~893~~195.3667 ~~449~~438,~~694~~199.1063 1,~~271~~199,~~524~~977.9400 Realized Loss Amount 0.00 0.00 036,948.0057 Cumulative Realized Loss 0.00 53,766.74 ~~612~~37,561.5007 Percentage of Cumulative Losses 0.0000 0.0607 0.~~0002~~0130 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~898723~~882297 6.~~709514~~692630 6.~~098062~~093590

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~455537~~447514 Weighted Average Net Rate 7.~~018711~~011151 Weighted Average Maturity ~~346~~345.00 Record Date 0708/31/2004 Principal And Interest Constant 109,~~415~~976,~~050~~755.0515 Beginning Loan Count 8,~~948~~620 Loans Paid In Full ~~328~~357 Ending Loan Count 8,~~620~~263 Beginning Scheduled Balance 1,~~483~~421,~~967~~304,~~098~~319.4578 Ending Scheduled Balance 1,~~421~~356,~~304~~749,~~319~~647.7889 Scheduled Principal 1,~~195~~155,~~240~~768.9005 Unscheduled Principal 6163,~~467~~398,~~537~~903.7784 Scheduled Interest 98,~~219~~820,~~809~~987.1510 Servicing Fee ~~540~~516,~~196~~837.0259 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee ~~544~~519,~~645~~992.0483 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 87,~~134~~784,~~968~~156.0968 Realized Loss Amount 9037,~~053~~027.5257 Cumulative Realized Loss ~~144~~181,~~432~~460.7633 Percentage of Cumulative Losses 0.~~0087~~0110 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.~~578287~~572124

EX-99.2

theMurrayhillcompany SAIL 2004-2 Credit Risk Manager Report July 2004 The information contained in this Report is based upon a specific point in time and reflects performance solely through that point in time. It does not forecast the performance of the portfolio in the future. The information in this Report is not investment advice concerning a particular portfolio or security, and no mention of a particular security in this Report constitutes a recommendation to buy, sell, or hold that or any other security. The Report is based upon information provided to The Murrayhill Company by third parties and therefore The Murrayhill Company cannot, and does not, warrant that the information contained in this Report is accurate or complete. Table of Contents Section One Transaction Summary Section Two Prepayment Premium Analysis Section Three Analytics Section One Transaction Summary theMurrayhillcompany SAIL 2004-2 Transaction Summary July 2004 Transaction Summary Closing Date : 2/26/04 Depositor: Structured Asset Securities Corporation Trustee: La Salle Bank Securities Administrator: Wells Fargo Master Servicer: Aurora Loan Services Master Servicing Servicer(s): Aurora Loan Services, Chase Home Finance , IndyMac, Ocwen Financial Services, Option One Mortgage , Wells Fargo Mortgage Insurer(s): Mortgage Guaranty Insurance Corporation, Radian Guaranty Delinquency Reporting Method: OTS1 Collateral Summary 2 Closing Date 6/30/2004 6/30/2004 as a Percentage of Closing Date Collateral Balance $1,638,476,000 $1,407,383,359 85.88% Loan Count 9,859 8,391 85.11% Collateral Statistics Loan Count Summed Balance Repurchases3 0 $ 0 First Payment Defaults 14 $ 1,852,950 Early Payment Defaults 4 64 $ 9,629,629 Multiple Loans to One Borrower 9 $ 905,103 Second Lien Statistics Loan Count Summed Balance Outstanding Second Lien Loans 348 $ 18,924,452 30 Days Delinquent 3 $ 175,617 60 Days Delinquent 3 $ 132,466 90+ Days Delinquent 10 $ 679,887 1 OTS Method: A current loan becomes 30 days delinquent if the scheduled payment is not made by the close of business on the corresponding day of the following month. Similarly for 60 days delinquent and the second immediately succeeding month and 90 days delinquent and the third immediately succeeding month. 2 These figures are based upon information provided to Murrayhill by the servicers on a monthly basis. 3 Refers to loans repurchased in the current month 4 A default that occurs on the second or third scheduled payment (C) 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation of Prepayment Premiums for SAIL 2004-2 Mortgage Data Through: June 30, 2004 Section 1: Prepayment premiums collected by the servicer and remitted to the trustee. This information is reported to Murrayhill by the servicer each month. Trustee Remittance Date Servicer 25-Jul-04 25-Jun-04 25-May-04 25-Apr-04 25-Mar-04 Total $929,683 $572,400 $466,482 $317,261 $93,669 Section 2: Prepayment premiums remitted to the P Class by the trustee. This information is taken from the statement to Certificate holders prepared by the trustee. Trustee Remittance Date Class 25-Jul-04 25-Jun-04 25-May-04 25-Apr-04 25-Mar-04 P Class $929,683 $596,072 $473,132 $324,449 $93,669 Section 3: Reconciliation of the amounts remitted by the servicer to the trustee, and the amount remitted to the P Class holders by the trustee. Amount remitted by servicer: $929,683 Amount remitted to the P Class: $929,683 Difference: $0 Aggregate Paid Off Loans Report for SAIL 2004-2 Mortgage Data Through: June 30, 2004 Trustee Remittance Date 25-Jul-04 25-Jun-04 25-May-04 25-Apr-04 Loans with Active Prepayment Flags that Remitted Premiums ( A ) 119 113 90 62 Loans without Prepayment Flags that Remitted Premiums 1 0 0 1 Total Loans that Remitted Premiums ( B ) 120 113 90 63 Loans with Active Prepayment Flags ( C ) 120 116 95 69 Loans without Prepayment Flags that Remitted Premiums 1 0 0 1 Subtotal ( D ) 121 116 95 70 Premiums Remitted with Active Prepayment Flags (A/C) 99.2% 97.4% 94.7% 89.9% Total Loans that Remitted Premiums to the Subtotal (B/D ) 99.2% 97.4% 94.7% 90.0% Total Paid Off Loans ( E ) 198 198 145 145 Total Loans that Remitted Premiums to the Total Paid Off Loans ( B/E ) 60.6% 57.1% 62.1% 43.4% Paid Off Loans Exception Report for SAIL 2004-2 Mortgage Data Through: June 30, 2004 Total Paid Off Loans with Flags 121 Less Exceptions: Loans with Expired Prepayment Clauses (as stated in the Note)* 1 Loans that Contained a Clause Allowing Prepayment Premiums to be Waived at the Time of Liquidation* 0 Loans that Liquidated from REO* 0 Loans with Discrepancies between the Data File and the Note 0 Defaulted Liquidated Loans that Could Not Have Collected Premiums because of the Acceleration of the Debt* 0 Loans that Liquidated Through Loss Mitigation Efforts* 0 Total Paid Off Loans with Active Prepayment Flags (C) 120 Other Exceptions: Paid Off Loans that Did Not Collect Premiums because of State Statutes 0 Paid Off Loans with Active Prepayment Flags that Have Not Remitted Premiums 1 * These categories are mutually exclusive. Paid off Loans With Prepayment Flags for SAIL 2004-2 Mortgage Data Through: June 30, 2004 Loan number Delinquency Origination PPP Exp. Date Payoff String Date Flag Balance 4532737 CCCC0 10/14/03 1 10/14/04 $156,722 4539503 CCCC0 11/20/03 0 n/a $31,896 4533832 CCCC0 7/30/03 1 7/30/04 $140,990 4539038 CCCC0 8/16/02 2 8/16/04 $77,260 4532789 CCCC0 9/22/03 1 9/22/04 $193,541 4532255 CCCC0 10/7/03 1 10/7/04 $155,235 4539077 CCCC0 10/30/02 2 10/30/04 $147,527 4534911 CCCC0 10/30/03 1 10/30/04 $65,843 4531355 CCCC0 10/31/03 1 10/31/04 $89,890 4534526 C36F0 11/4/03 1 11/4/04 $46,962 4539155 CCCC0 11/21/02 2 11/21/04 $23,757 4539207 CCCC0 4/21/03 2 4/21/05 $48,767 4530989 CCCC0 8/26/03 2 8/26/05 $56,362 4531071 CCCC0 8/28/03 2 8/28/05 $119,298 4531020 CCCC0 9/3/03 2 9/3/05 $78,575 4533705 CCCC0 9/12/03 2 9/12/05 $83,967 4532835 CCCC0 9/15/03 2 9/15/05 $213,115 4534762 CCCC0 9/17/03 2 9/17/05 $83,846 4530891 CCCC0 9/22/03 2 9/22/05 $461,991 4532479 CCCC0 9/22/03 2 9/22/05 $160,281 4534576 CCCC0 9/23/03 2 9/23/05 $83,671 4533873 CCCC0 9/25/03 2 9/25/05 $141,493 4533723 CCCC0 9/25/03 2 9/25/05 $74,761 4532451 CCCC0 9/25/03 2 9/25/05 $206,392 4532360 CCCC0 9/25/03 2 9/25/05 $60,123 4532801 CCCC0 9/25/03 2 9/25/05 $234,683 4532603 CCCC0 9/26/03 2 9/26/05 $151,320 4532901 CCCC0 9/26/03 2 9/26/05 $70,739 4533926 CCCC0 9/27/03 2 9/27/05 $135,814 4532538 CCCC0 9/29/03 2 9/29/05 $161,961 4533137 CCCC0 9/29/03 2 9/29/05 $116,356 4530408 CCCC0 9/29/03 2 9/29/05 $238,960 4532675 CCCC0 9/29/03 2 9/29/05 $298,143 4532752 CCCC0 9/29/03 2 9/29/05 $218,279 4533379 CCCC0 9/30/03 2 9/30/05 $178,649 4532212 CCCC0 9/30/03 2 9/30/05 $211,341 4532262 CCCC0 9/30/03 2 9/30/05 $147,332 4530547 CCCC0 10/1/03 2 10/1/05 $238,586 4533157 CCCC0 10/2/03 2 10/2/05 $264,068 4533096 CCCC0 10/2/03 2 10/2/05 $119,542 4532014 CCCC0 10/2/03 2 10/2/05 $198,879 4530538 CCCC0 10/6/03 2 10/6/05 $368,798 4533345 CCCC0 10/7/03 2 10/7/05 $87,450 4533426 CCCC0 10/7/03 2 10/7/05 $380,023 4532736 CCCC0 10/10/03 2 10/10/05 $113,442 4533105 CCCC0 10/10/03 2 10/10/05 $165,667 4533622 CCCC0 10/13/03 2 10/13/05 $558 4530625 CCCC0 10/14/03 2 10/14/05 $194,522 4530338 CCCC0 10/14/03 2 10/14/05 $128,408 4531615 CCCC0 10/16/03 2 10/16/05 $93,979 4530483 CCCC0 10/17/03 2 10/17/05 $120,414 4531298 CCCC0 10/23/03 2 10/23/05 $198,821 4534519 CCCC0 10/24/03 2 10/24/05 $110,759 4538846 CCCC0 10/28/03 2 10/28/05 $288,108 4534983 CCCC0 10/31/03 2 10/31/05 $362,366 4536798 CCCC0 11/3/03 2 11/3/05 $283,189 4537950 CCCC0 11/5/03 2 11/5/05 $49,806 4534565 CCCC0 11/5/03 2 11/5/05 $255,536 4535226 CCCC0 11/6/03 2 11/6/05 $104,148 4535983 CCCC0 11/6/03 2 11/6/05 $171,131 4534942 CCCC0 11/6/03 2 11/6/05 $401,664 4537420 CCCC0 11/7/03 2 11/7/05 $318,214 4538005 CCCC0 11/10/03 2 11/10/05 $77,129 4537379 CCCC0 11/12/03 2 11/12/05 $159,565 4533559 CCCC0 11/12/03 2 11/12/05 $53,819 4538006 CCCC0 11/17/03 2 11/17/05 $106,192 4535673 CCCC0 11/18/03 2 11/18/05 $192,267 4536227 CCCC0 11/18/03 2 11/18/05 $183,087 4533488 CCCC0 11/18/03 2 11/18/05 $332,000 4533552 CCCC0 11/18/03 2 11/18/05 $82,813 4536827 CCCC0 11/19/03 2 11/19/05 $55,100 4535974 CCCC0 11/24/03 2 11/24/05 $168,662 4538991 CCCC0 11/25/03 2 11/25/05 $645,000 4535238 CCCC0 11/26/03 2 11/26/05 $245,660 4537235 CCCC0 11/26/03 2 11/26/05 $90,110 4538601 CCCC0 12/12/03 2 12/12/05 $139,648 4538759 CCCC0 12/15/03 2 12/15/05 $216,013 4538923 CCCC0 12/17/03 2 12/17/05 $395,000 4538834 CCCC0 12/19/03 2 12/19/05 $274,469 4533918 CCCC0 8/4/03 3 8/4/06 $111,869 4529680 CCCC0 8/20/03 3 8/20/06 $206,738 4530043 CCCC0 9/10/03 3 9/10/06 $400,830 4530085 CCCC0 9/15/03 3 9/15/06 $224,996 4530570 CCCC0 9/19/03 3 9/19/06 $188,888 4531297 CCCC0 9/23/03 3 9/23/06 $304,544 4530062 CCCC0 9/25/03 3 9/25/06 $651,404 4534143 CCCC0 9/25/03 3 9/25/06 $103,341 4530030 CCCC0 9/29/03 3 9/29/06 $115,764 4530066 CCCC0 9/29/03 3 9/29/06 $121,084 4531744 CCCC0 10/7/03 3 10/7/06 $110,059 4532518 CCCC0 10/14/03 3 10/14/06 $213,258 4532567 CCCC0 10/15/03 3 10/15/06 $51,250 4532234 CCCC0 10/16/03 3 10/16/06 $300,832 4533107 CCCC0 10/17/03 3 10/17/06 $223,896 4534161 C3CC0 10/20/03 3 10/20/06 $123,137 4534188 CCCC0 10/24/03 3 10/24/06 $268,007 4531347 CCCC0 10/27/03 3 10/27/06 $242,005 4531659 CCCC0 10/28/03 3 10/28/06 $121,448 4535950 CCCC0 11/4/03 3 11/4/06 $115,706 4534963 CCCC0 11/4/03 3 11/4/06 $44,596 4537710 CCCC0 11/5/03 3 11/5/06 $51,863 4535146 CCCC0 11/6/03 3 11/6/06 $93,169 4537397 CCCC0 11/6/03 3 11/6/06 $174,784 4534798 CCCC0 11/6/03 3 11/6/06 $171,115 4536407 CCCC0 11/7/03 3 11/7/06 $372,342 4535285 CCCC0 11/10/03 3 11/10/06 $98,149 4536840 CCCC0 11/12/03 3 11/12/06 $143,592 4534976 CCCC0 11/12/03 3 11/12/06 $268,806 4536658 CCCC0 11/20/03 3 11/20/06 $135,150 4537011 CCCC0 11/20/03 3 11/20/06 $70,068 4537651 CCCC0 11/20/03 3 11/20/06 $156,026 4538109 CCCC0 11/20/03 3 11/20/06 $232,943 4536422 CCCC0 11/21/03 3 11/21/06 $59,823 4536572 CCCC0 11/21/03 3 11/21/06 $127,468 4536913 CCCC0 11/21/03 3 11/21/06 $34,033 4537905 CCCC0 11/21/03 3 11/21/06 $52,020 4536867 CCCC0 11/24/03 3 11/24/06 $50,680 4537468 CCCC0 11/24/03 3 11/24/06 $137,845 4538111 CCCC0 11/24/03 3 11/24/06 $122,742 4536224 CCCC0 11/25/03 3 11/25/06 $123,597 4538967 CCCC0 12/17/03 3 12/17/06 $556,109 Paid off Loans With Prepayment Flags for SAIL 2004-2 Mortgage Data Through: June 30, 2004 (Cont.) Loan Number PPP Remitted % of PPP PPP Comments Premium to Collected, Collected, Payoff w/Flag No Flag Balance 4532737 - 0% 4532737 Awaiting a response from the servicer 4539503 $1,389 4% 4539503 No Flag 4533832 $3,460 2% 4539038 $2,569 3% 4532789 $3,871 2% 4532255 $3,105 2% 4539077 $3,867 3% 4534911 $3,093 5% 4531355 $3,071 3% 4534526 $1,972 4% 4539155 $1,247 5% 4539207 $2,093 4% 4530989 $2,359 4% 4531071 $8,515 7% 4531020 $2,542 3% 4533705 $4,198 5% 4532835 $6,792 3% 4534762 $2,680 3% 4530891 $12,072 3% 4532479 $4,380 3% 4534576 $3,006 4% 4533873 $3,701 3% 4533723 $2,985 4% 4532451 $5,150 2% 4532360 $1,669 3% 4532801 $5,662 2% 4532603 $1,990 1% 4532901 $710 1% 4533926 $3,199 2% 4532538 $4,399 3% 4533137 $1,170 1% 4530408 $4,838 2% 4532675 $9,988 3% 4532752 $7,544 3% 4533379 $4,168 2% 4532212 $6,199 3% 4532262 $4,189 3% 4530547 $7,290 3% 4533157 $6,962 3% 4533096 $3,989 3% 4532014 $5,096 3% 4530538 $10,902 3% 4533345 $2,323 3% 4533426 $10,313 3% 4532736 $1,771 2% 4533105 $5,790 3% 4533622 $487 87% 4530625 $5,432 3% 4530338 $4,850 4% 4531615 $3,343 4% 4530483 $1,203 1% 4531298 $5,513 3% 4534519 $3,873 3% 4538846 $2,881 1% 4534983 $10,117 3% 4536798 $4,602 2% 4537950 $996 2% 4534565 $7,659 3% 4535226 $3,538 3% 4535983 $4,751 3% 4534942 $14,934 4% 4537420 $9,092 3% 4538005 $2,389 3% 4537379 $3,191 2% 4533559 $1,934 4% 4538006 $3,735 4% 4535673 $5,993 3% 4536227 $4,793 3% 4533488 $7,955 2% 4533552 $3,307 4% 4536827 $2,200 4% 4535974 $4,854 3% 4538991 $16,744 3% 4535238 $7,845 3% 4537235 $996 1% 4538601 $4,675 3% 4538759 $6,908 3% 4538923 $9,543 2% 4538834 $9,042 3% 4533918 $3,530 3% 4529680 $6,193 3% 4530043 $10,349 3% 4530085 $5,262 2% 4530570 $6,596 3% 4531297 $6,085 2% 4530062 $22,307 3% 4534143 $3,206 3% 4530030 $1,841 2% 4530066 $4,502 4% 4531744 $2,869 3% 4532518 $4,265 2% 4532567 $1,915 4% 4532234 $7,811 3% 4533107 $5,855 3% 4534161 $3,842 3% 4534188 $8,087 3% 4531347 $9,680 4% 4531659 $2,429 2% 4535950 $2,865 2% 4534963 $1,861 4% 4537710 $1,918 4% 4535146 $3,165 3% 4537397 $4,538 3% 4534798 $4,444 3% 4536407 $8,905 2% 4535285 $3,722 4% 4536840 $2,130 1% 4534976 $7,510 3% 4536658 $3,896 3% 4537011 $2,912 4% 4537651 $4,537 3% 4538109 $5,565 2% 4536422 $2,296 4% 4536572 $3,560 3% 4536913 $1,417 4% 4537905 $1,414 3% 4536867 $887 2% 4537468 $3,975 3% 4538111 $3,781 3% 4536224 $2,905 2% 4538967 $15,280 3% (C) 2004 The Murrayhill Company. All Rights Reserved. Section Three Analytics FICO Distribution by Status SAIL 2004-2 FICO Distribution by Status Mortgage Data Through: June 30, 2004 FICO Delinquency Percentage 440 Delinquent 0.003 490 Current 0 500 Current 0.014 500 Delinquent 0.036 500 Paid Off 0.013 510 Current 0.027 510 Delinquent 0.084 510 Paid Off 0.035 520 Current 0.038 520 Delinquent 0.068 520 Paid Off 0.019 530 Current 0.036 530 Delinquent 0.084 530 Paid Off 0.035 540 Current 0.038 540 Delinquent 0.055 540 Paid Off 0.049 550 Current 0.044 550 Delinquent 0.087 550 Paid Off 0.061 560 Current 0.046 560 Delinquent 0.055 560 Paid Off 0.034 570 Current 0.039 570 Delinquent 0.074 570 Paid Off 0.036 580 Current 0.042 580 Delinquent 0.071 580 Paid Off 0.033 590 Current 0.044 590 Delinquent 0.032 590 Paid Off 0.054 600 Current 0.053 600 Delinquent 0.036 600 Paid Off 0.056 610 Current 0.056 610 Delinquent 0.049 610 Paid Off 0.038 620 Current 0.063 620 Delinquent 0.039 620 Paid Off 0.074 630 Current 0.064 630 Delinquent 0.023 630 Paid Off 0.078 640 Current 0.062 640 Delinquent 0.036 640 Paid Off 0.05 650 Current 0.057 650 Delinquent 0.023 650 Paid Off 0.051 660 Current 0.05 660 Delinquent 0.029 660 Paid Off 0.052 670 Current 0.044 670 Delinquent 0.013 670 Paid Off 0.04 680 Current 0.037 680 Delinquent 0.019 680 Paid Off 0.036 690 Current 0.034 690 Delinquent 0.013 690 Paid Off 0.04 700 Current 0.023 700 Delinquent 0.023 700 Paid Off 0.023 710 Current 0.019 710 Delinquent 0.01 710 Paid Off 0.012 720 Current 0.018 720 Delinquent 0.006 720 Paid Off 0.017 730 Current 0.011 730 Delinquent 0.003 730 Paid Off 0.013 740 Current 0.012 740 Delinquent 0.01 740 Paid Off 0.009 750 Current 0.01 750 Delinquent 0.003 750 Paid Off 0.015 760 Current 0.006 760 Delinquent 0.003 760 Paid Off 0.011 770 Current 0.006 770 Paid Off 0.007 780 Current 0.004 780 Delinquent 0.003 780 Paid Off 0.004 790 Current 0.002 790 Delinquent 0.003 790 Paid Off 0.001 800 Current 0.001 800 Delinquent 0.006 800 Paid Off 0.001 810 Current 0 Status # of Loans Average Std. Deviation Current 8,584 617 63.871 Delinquent 309 581 64.527 Paid Off 822 616 67.776 Total: 9,715 Loan-to-Value Distribution by Status SAIL 2004-2 Loan-to-Value Distribution by Status Mortgage Data Through: June 30, 2004 LTV Delinquency Percentage 0.1 Paid Off 0.022 0.1 Current 0.006 0.1 Delinquent 0.01 0.2 Current 0.062 0.2 Delinquent 0.071 0.2 Paid Off 0.101 0.3 Delinquent 0.01 0.3 Paid Off 0.009 0.3 Current 0.009 0.4 Paid Off 0.016 0.4 Delinquent 0.003 0.4 Current 0.015 0.5 Delinquent 0.023 0.5 Current 0.028 0.5 Paid Off 0.03 0.6 Current 0.06 0.6 Paid Off 0.074 0.6 Delinquent 0.039 0.7 Paid Off 0.161 0.7 Current 0.129 0.7 Delinquent 0.162 0.8 Paid Off 0.321 0.8 Delinquent 0.35 0.8 Current 0.368 0.9 Paid Off 0.219 0.9 Delinquent 0.282 0.9 Current 0.261 1 Delinquent 0.052 1 Paid Off 0.047 1 Current 0.061 Status # of Loans Average Std. Deviation Current 8,584 0.746 0.194 Delinquent 309 0.742 0.2 Paid Off 822 0.698 0.229 Total: 9,715 Balance Distribution by Status SAIL 2004-2 Balance Distribution by Status Mortgage Data Through: June 30, 2004 Balance Delinquency Percentage 10000 Current 0.001 20000 Delinquent 0.003 20000 Current 0.01 30000 Current 0.02 30000 Delinquent 0.032 40000 Current 0.026 40000 Delinquent 0.071 50000 Current 0.042 50000 Delinquent 0.052 60000 Delinquent 0.055 60000 Current 0.044 70000 Current 0.053 70000 Delinquent 0.032 80000 Current 0.045 80000 Delinquent 0.049 90000 Current 0.048 90000 Delinquent 0.052 100000 Delinquent 0.061 100000 Current 0.052 110000 Current 0.046 110000 Delinquent 0.039 120000 Delinquent 0.036 120000 Current 0.044 130000 Delinquent 0.058 130000 Current 0.046 140000 Delinquent 0.045 140000 Current 0.043 150000 Current 0.04 150000 Delinquent 0.045 160000 Current 0.041 160000 Delinquent 0.042 170000 Delinquent 0.036 170000 Current 0.037 180000 Current 0.032 180000 Delinquent 0.016 190000 Delinquent 0.013 190000 Current 0.029 200000 Delinquent 0.006 200000 Current 0.029 210000 Current 0.026 210000 Delinquent 0.016 220000 Delinquent 0.026 220000 Current 0.022 230000 Current 0.019 230000 Delinquent 0.013 240000 Delinquent 0.019 240000 Current 0.017 250000 Delinquent 0.01 250000 Current 0.019 260000 Current 0.016 260000 Delinquent 0.006 270000 Current 0.016 270000 Delinquent 0.029 280000 Delinquent 0.016 280000 Current 0.012 290000 Current 0.009 290000 Delinquent 0.003 300000 Current 0.011 300000 Delinquent 0.016 310000 Delinquent 0.013 310000 Current 0.008 320000 Current 0.01 320000 Delinquent 0.003 330000 Delinquent 0.006 330000 Current 0.008 340000 Current 0.008 350000 Current 0.009 350000 Delinquent 0.003 360000 Delinquent 0.003 360000 Current 0.007 370000 Current 0.004 380000 Current 0.006 380000 Delinquent 0.003 390000 Delinquent 0.003 390000 Current 0.005 400000 Delinquent 0.01 400000 Current 0.005 410000 Current 0.003 420000 Current 0.003 420000 Delinquent 0.006 430000 Current 0.002 440000 Delinquent 0.01 440000 Current 0.002 450000 Current 0.002 450000 Delinquent 0.003 460000 Current 0.001 470000 Current 0.002 480000 Current 0.002 490000 Current 0.002 500000 Current 0.003 500000 Delinquent 0.01 510000 Delinquent 0.003 510000 Current 0.001 520000 Current 0.002 530000 Current 0.001 540000 Current 0 550000 Current 0.001 550000 Delinquent 0.003 560000 Current 0.001 570000 Current 0.001 580000 Delinquent 0.003 580000 Current 0 590000 Delinquent 0.003 590000 Current 0.001 600000 Current 0.001 610000 Current 0 620000 Current 0.001 630000 Current 0 640000 Current 0.001 650000 Delinquent 0.01 650000 Current 0.001 660000 Current 0 670000 Current 0 680000 Current 0 690000 Current 0 700000 Current 0 700000 Delinquent 0.003 740000 Current 0 820000 Current 0 900000 Current 0 910000 Current 0 950000 Current 0 980000 Current 0 Status # of Loans Average Std. Deviation Current 8,584 165,374.02 109,493.72 Delinquent 309 159,520.91 123,189.90 Total: 8,893 Mortgage Type Distribution by Status SAIL 2004-2 Mortgage Type Distribution by Status Mortgage Data Through: June 30, 2004 Mortgage Type Delinquency Percentage Investment Home Current 0.083 Investment Home Delinquent 0.123 Investment Home Paid Off 0.089 Primary Home Current 0.909 Primary Home Delinquent 0.877 Primary Home Paid Off 0.901 Second Home Current 0.008 Second Home Paid Off 0.01 Mortgage Type Loan Count Total Avg. Std. Deviation Balance Balance ARM 6,488 1,060,292,622.62 163,423.65 116,485.76 Fixed 3,227 408,569,932.14 126,609.83 107,341.08 Total: 9,715 1,468,862,554.76 Mortgage Term Distribution by Status SAIL 2004-2 Mortgage Term Distribution by Status Mortgage Data Through: June 30, 2004 Mortgage Term Delinquency Percentage 0 Current 0 120 Current 0.001 180 Current 0.065 180 Paid Off 0.107 180 Delinquent 0.045 240 Delinquent 0.006 240 Paid Off 0.023 240 Current 0.021 360 Delinquent 0.948 360 Paid Off 0.87 360 Current 0.912 # of Loans Other 120 180 240 360 9,715 2 6 664 203 8,840 Mortgage Purpose Distribution by Status SAIL 2004-2 Mortgage Purpose Distribution Mortgage Data Through: June 30, 2004 Origination Statistics Current Loans Number of Loans: 9,859 Number of Loans: 8,584 Delinquent Loans Paid Off Loans Number of Loans: 309 Number of Loans: 822 Purpose Number Percentage Cash-out refinance 5,559 56.4% Purchase 3,442 34.9% Rate/term 723 7.3% Home 1 0.0% Other 134 1.4% Total 9,859 100% Purpose Number Percentage Cash-out refinance 4,831 56.3% Purchase 3,007 35.0% Rate/term 629 7.3% Home 1 0.0% Other 116 1.4% Total 8,584 100% Purpose Number Percentage Cash-out refinance 150 48.5% Purchase 131 42.4% Rate/term 23 7.4% Home 0 0.0% Other 5 1.6% Total 309 100% Purpose Number Percentage Cash-out refinance 514 62.5% Purchase 241 29.3% Rate/term 54 6.6% Home 0 0.0% Other 13 1.6% Total 822 100% Ownership Distribution by Status SAIL 2004-2 Ownership Distribution by Status Mortgage Data Through: June 30, 2004 Ownership Type Delinquency Percentage Investment Home Current 0.083 Investment Home Delinquent 0.123 Investment Home Paid Off 0.089 Primary Home Current 0.909 Primary Home Delinquent 0.877 Primary Home Paid Off 0.901 Second Home Current 0.008 Second Home Paid Off 0.01 Title # of Loans Investment Home 824 Primary Home 8,812 Second Home 79 Total: 9,715 SAIL 2004-2 Delinquent Balance Over Time Mortgage Data Through: June 30, 2004 Total Balance in Status As Of Date 30 Days 60 Days 90 Days Foreclosure REO 6/30/2004 $ 25,133,468 $ 7,081,057 $ 3,812,533 $ 12,062,733 $ 112,026 5/31/2004 $ 20,754,044 $ 6,234,019 $ 2,734,292 $ 8,233,200 $ 76,500 4/30/2004 $ 16,965,102 $ 7,113,054 $ 2,603,717 $ 3,688,013 $ - 3/31/2004 $ 18,216,348 $ 2,411,130 $ 1,841,496 $ 1,827,442 $ - 2/29/2004 $ 9,549,490 $ 2,337,569 $ 119,502 $ 557,824 $ - SAIL 2004-2 Delinquent Count Over Time Mortgage Data Through: June 30, 2004 Total Count in Status As Of Date 30 Days 60 Days 90 Days Foreclosure REO 6/30/2004 146 45 31 71 2 5/31/2004 135 41 21 48 1 4/30/2004 101 39 19 23 0 3/31/2004 111 13 11 13 0 2/29/2004 61 16 1 6 0 Conditional Prepayment Rates SAIL 2004-2 Conditional Prepayment Rates Mortgage Data Through: June 30, 2004 Date * Distribution Date CPR 3-Month MA 6-Month MA 12-Month MA 30-Jun-04 25-Jul-04 33.56% 30.86% 31-May-04 25-Jun-04 23.90% 30-Apr-04 25-May-04 34.63% 31-Mar-04 25-Apr-04 20.27% * Data in table is displayed for only the most recent 18 months. Historical SDA Performance SAIL 2004-2 Historical SDA Performance Mortgage Data Through: June 30, 2004 Weighted Monthly Date Average Age Default Amt Default Rate CDR (F-R) SDA Curve SDA % 30-Jun-04 7.68 $35,526 0.00% 0.00% 0.15% 0% 31-May-04 6.70 $76,500 0.00% 0.00% 0.13% 0% 30-Apr-04 5.77 $0 0.00% 0.00% 0.12% 0% 31-Mar-04 4.73 $0 0.00% 0.00% 0.09% 0% 29-Feb-04 3.78 $0 0.00% 0.00% 0.08% 0% Averages: 5.73 $22,405 0.00% 0.00% 0.11% 0% (C) 2004 The Murrayhill Company. All Rights Reserved.

Filing Compare · STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SERIES 2004 2