8-K 1 sai04007_sep.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 2004-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115858-07 54-6636455 Pooling and Servicing Agreement) (Commission 54-6636456 (State or other File Number) 54-6636457 jurisdiction 54-6636458 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 2004-7 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 2004-7 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 2004-7 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 2004-7 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: 2004-7 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 A1 86358EKB1 SEN 1.~~63500~~87000% ~~334~~330,~~549~~991,~~000~~763.0092 ~~471~~567,~~017~~375.1105 35,~~557~~682,~~236~~400.0890 A2 86358EKC9 SEN 1.~~64500~~88000% ~~330~~327,~~513~~104,~~000~~233.0098 ~~468~~563,~~180~~709.8563 36,~~408~~895,~~766~~565.0299 A3 86358EKD7 SEN 1.~~68000~~91500% ~~280~~272,~~262~~852,~~000~~793.0048 ~~405~~478,~~445~~970.6934 76,~~409~~717,~~206~~826.5236 A4 86358EKE5 SEN 1.~~68000~~91500% ~~340~~337,~~669~~652,~~000~~387.0033 ~~492~~592,~~834~~720.4963 37,~~016~~126,~~612~~032.6714 A5 86358EKF2 SEN 1.~~61000~~84500% ~~411~~400,~~013~~707,~~000~~950.0031 ~~569~~677,~~823~~697.8632 1012,~~305~~408,~~049~~480.6900 A6 86358EKG0 SEN 12.~~89000~~12500% 77,719,000.00 ~~126~~151,~~487~~390.6714 0.00 A7 86358EKH8 SEN 12.~~80000~~03500% 84,340,000.00 ~~130~~157,~~727~~329.0024 0.00 A8 86358EKJ4 SEN 12.~~98000~~21500% 34,697,000.00 5970,~~158~~449.3937 0.00 A-SIO 86358EKK1 IO 0.~~12000~~00000% 0.00 ~~223,617~~0.5600 0.00 M1 86358EKL9 MEZ 2.~~08000~~31500% 81,161,000.00 ~~145~~172,~~368~~230.3741 0.00 M2 86358EKM7 MEZ 2.~~13000~~36500% 37,876,000.00 6982,~~470~~112.9001 0.00 M3 86358EKN5 MEZ 2.~~28000~~51500% 19,479,000.00 3844,~~243~~907.7721 0.00 M4 86358EKP0 MEZ 2.~~73000~~96500% 23,807,000.00 5564,~~966~~705.2944 0.00 M5 86358EKQ8 MEZ 3.~~23000~~46500% 27,054,000.00 7585,~~247~~930.6927 0.00 M6 86358EKR6 MEZ 3.~~48000~~71500% 21,643,000.00 6473,~~856~~703.8643 0.00 M7 86358EKS4 MEZ 34.~~88000~~11500% 27,053,000.00 90102,~~387~~046.0817 0.00 B 86358EKT2 SUB 34.~~88000~~11500% 21,643,000.00 7281,~~311~~639.6720 0.00 X SAI04007X SEN 0.00000% 010,820,970.00 7,~~425~~096,~~197~~710.8527 0.00 P SAI04007P SEN 0.00000% 100.00 ~~404~~605,~~914~~559.6855 0.00 Totals 2,~~153~~136,~~478~~602,~~100~~199.0002 11,~~389~~669,~~257~~185.7868 2738,~~696~~830,~~870~~305.9839

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~330~~325,~~991~~309,~~763~~363.9202 46,~~028~~249,~~253~~775.1995 0.00 A2 0.00 ~~327~~320,~~104~~208,~~233~~667.9899 37,~~876~~459,~~946~~275.8762 0.00 A3 0.00 ~~272~~266,~~852~~134,~~793~~967.4812 7,~~814~~196,~~652~~796.2170 0.00 A4 0.00 ~~337~~330,~~652~~526,~~387~~355.3319 37,~~509~~718,~~447~~752.1677 0.00 A5 0.00 ~~400~~388,~~707~~299,~~950~~470.31 1013,~~874~~086,~~873~~177.5532 0.00 A6 0.00 77,719,000.00 ~~126~~151,~~487~~390.6714 0.00 A7 0.00 84,340,000.00 ~~130~~157,~~727~~329.0024 0.00 A8 0.00 34,697,000.00 5970,~~158~~449.3937 0.00 A-SIO 0.00 0.00 ~~223,617~~0.5600 0.00 M1 0.00 81,161,000.00 ~~145~~172,~~368~~230.3741 0.00 M2 0.00 37,876,000.00 6982,~~470~~112.9001 0.00 M3 0.00 19,479,000.00 3844,~~243~~907.7721 0.00 M4 0.00 23,807,000.00 5564,~~966~~705.2944 0.00 M5 0.00 27,054,000.00 7585,~~247~~930.6927 0.00 M6 0.00 21,643,000.00 6473,~~856~~703.8643 0.00 M7 0.00 27,053,000.00 90102,~~387~~046.0817 0.00 B 0.00 21,643,000.00 7281,~~311~~639.6720 0.00 X 0.00 10,820,970.00 7,~~425~~096,~~197~~710.8527 0.00 P 0.00 100.00 ~~404~~605,~~914~~559.6855 0.00 Totals 0.00 2,~~136~~097,~~602~~771,~~199~~893.0263 3950,~~086~~499,~~128~~491.7607 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) A1 334,549,000.00 ~~334~~330,~~549~~991,~~000~~763.0092 0.00 35,~~557~~682,~~236~~400.0890 0.00 0.00 A2 330,513,000.00 ~~330~~327,~~513~~104,~~000~~233.0098 0.00 36,~~408~~895,~~766~~565.0299 0.00 0.00 A3 280,262,000.00 ~~280~~272,~~262~~852,~~000~~793.0048 0.00 76,~~409~~717,~~206~~826.5236 0.00 0.00 A4 340,669,000.00 ~~340~~337,~~669~~652,~~000~~387.0033 0.00 37,~~016~~126,~~612~~032.6714 0.00 0.00 A5 411,013,000.00 ~~411~~400,~~013~~707,~~000~~950.0031 0.00 1012,~~305~~408,~~049~~480.6900 0.00 0.00 A6 77,719,000.00 77,719,000.00 0.00 0.00 0.00 0.00 A7 84,340,000.00 84,340,000.00 0.00 0.00 0.00 0.00 A8 34,697,000.00 34,697,000.00 0.00 0.00 0.00 0.00 A-SIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 81,161,000.00 81,161,000.00 0.00 0.00 0.00 0.00 M2 37,876,000.00 37,876,000.00 0.00 0.00 0.00 0.00 M3 19,479,000.00 19,479,000.00 0.00 0.00 0.00 0.00 M4 23,807,000.00 23,807,000.00 0.00 0.00 0.00 0.00 M5 27,054,000.00 27,054,000.00 0.00 0.00 0.00 0.00 M6 21,643,000.00 21,643,000.00 0.00 0.00 0.00 0.00 M7 27,053,000.00 27,053,000.00 0.00 0.00 0.00 0.00 B 21,643,000.00 21,643,000.00 0.00 0.00 0.00 0.00 X 0.00 010,820,970.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 2,153,478,100.00 2,~~153~~136,~~478~~602,~~100~~199.0002 0.00 2738,~~696~~830,~~870~~305.9839 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 A1 35,~~557~~682,~~236~~400.0890 ~~330~~325,~~991~~309,~~763~~363.9202 0.~~98936707~~97238181 35,~~557~~682,~~236~~400.0890 A2 36,~~408~~895,~~766~~565.0299 ~~327~~320,~~104~~208,~~233~~667.9899 0.~~98968644~~96882322 36,~~408~~895,~~766~~565.0299 A3 76,~~409~~717,~~206~~826.5236 ~~272~~266,~~852~~134,~~793~~967.4812 0.~~97356329~~94959348 76,~~409~~717,~~206~~826.5236 A4 37,~~016~~126,~~612~~032.6714 ~~337~~330,~~652~~526,~~387~~355.3319 0.~~99114503~~97022727 37,~~016~~126,~~612~~032.6714 A5 1012,~~305~~408,~~049~~480.6900 ~~400~~388,~~707~~299,~~950~~470.31 0.~~97492768~~94473769 1012,~~305~~408,~~049~~480.6900 A6 0.00 77,719,000.00 1.00000000 0.00 A7 0.00 84,340,000.00 1.00000000 0.00 A8 0.00 34,697,000.00 1.00000000 0.00 A-SIO 0.00 0.00 0.00000000 0.00 M1 0.00 81,161,000.00 1.00000000 0.00 M2 0.00 37,876,000.00 1.00000000 0.00 M3 0.00 19,479,000.00 1.00000000 0.00 M4 0.00 23,807,000.00 1.00000000 0.00 M5 0.00 27,054,000.00 1.00000000 0.00 M6 0.00 21,643,000.00 1.00000000 0.00 M7 0.00 27,053,000.00 1.00000000 0.00 B 0.00 21,643,000.00 1.00000000 0.00 X 0.00 10,820,970.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 2738,~~696~~830,~~870~~305.9839 2,~~136~~097,~~602~~771,~~199~~893.0263 0.~~99216342~~97413198 2738,~~696~~830,~~870~~305.9839

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 334,549,000.00 ~~1000~~989.~~00000000~~36707006 0.00000000 1016.~~63292994~~98525747 0.00000000 A2 330,513,000.00 ~~1000~~989.~~00000000~~68643890 0.00000000 1020.~~31356110~~86322169 0.00000000 A3 280,262,000.00 ~~1000~~973.~~00000000~~56328535 0.00000000 2623.~~43671465~~96980811 0.00000000 A4 340,669,000.00 ~~1000~~991.~~00000000~~14503324 0.00000000 820.~~85496676~~91775929 0.00000000 A5 411,013,000.00 ~~1000~~974.~~00000000~~92767944 0.00000000 2530.~~07232056~~18999399 0.00000000 A6 77,719,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A7 84,340,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A8 34,697,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-SIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 81,161,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 37,876,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 19,479,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 23,807,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 27,054,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 21,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 27,053,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 21,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 100.00000000 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 A1 0.00000000 1016.~~63292994~~98525747 ~~989~~972.~~36707006~~38181259 0.~~98936707~~97238181 1016.~~63292994~~98525747 A2 0.00000000 1020.~~31356110~~86322169 ~~989~~968.~~68643890~~82321721 0.~~98968644~~96882322 1020.~~31356110~~86322169 A3 0.00000000 2623.~~43671465~~96980811 ~~973~~949.~~56328535~~59347725 0.~~97356329~~94959348 2623.~~43671465~~96980811 A4 0.00000000 820.~~85496676~~91775929 ~~991~~970.~~14503324~~22727395 0.~~99114503~~97022727 820.~~85496676~~91775929 A5 0.00000000 2530.~~07232056~~18999399 ~~974~~944.~~92767944~~73768545 0.~~97492768~~94473769 2530.~~07232056~~18999399 A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 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 M7 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 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 100.00000000 1.00000000 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 A1 334,549,000.00 1.~~63500~~87000% ~~334~~330,~~549~~991,~~000~~763.0092 ~~471~~567,~~017~~375.1105 0.00 0.00 A2 330,513,000.00 1.~~64500~~88000% ~~330~~327,~~513~~104,~~000~~233.0098 ~~468~~563,~~180~~709.8563 0.00 0.00 A3 280,262,000.00 1.~~68000~~91500% ~~280~~272,~~262~~852,~~000~~793.0048 ~~405~~478,~~445~~970.6934 0.00 0.00 A4 340,669,000.00 1.~~68000~~91500% ~~340~~337,~~669~~652,~~000~~387.0033 ~~492~~592,~~834~~720.4963 0.00 0.00 A5 411,013,000.00 1.~~61000~~84500% ~~411~~400,~~013~~707,~~000~~950.0031 ~~569~~677,~~823~~697.8632 0.00 0.00 A6 77,719,000.00 12.~~89000~~12500% 77,719,000.00 ~~126~~151,~~487~~390.6714 0.00 0.00 A7 84,340,000.00 12.~~80000~~03500% 84,340,000.00 ~~130~~157,~~727~~329.0024 0.00 0.00 A8 34,697,000.00 12.~~98000~~21500% 34,697,000.00 5970,~~158~~449.3937 0.00 0.00 A-SIO 0.00 0.~~12000~~00000% 2,~~164~~090,~~040~~406,~~937~~421.1753 ~~223,617~~0.5600 0.00 0.00 M1 81,161,000.00 2.~~08000~~31500% 81,161,000.00 ~~145~~172,~~368~~230.3741 0.00 0.00 M2 37,876,000.00 2.~~13000~~36500% 37,876,000.00 6982,~~470~~112.9001 0.00 0.00 M3 19,479,000.00 2.~~28000~~51500% 19,479,000.00 3844,~~243~~907.7721 0.00 0.00 M4 23,807,000.00 2.~~73000~~96500% 23,807,000.00 5564,~~966~~705.2944 0.00 0.00 M5 27,054,000.00 3.~~23000~~46500% 27,054,000.00 7585,~~247~~930.6927 0.00 0.00 M6 21,643,000.00 3.~~48000~~71500% 21,643,000.00 6473,~~856~~703.8643 0.00 0.00 M7 27,053,000.00 34.~~88000~~11500% 27,053,000.00 90102,~~387~~046.0817 0.00 0.00 B 21,643,000.00 34.~~88000~~11500% 21,643,000.00 7281,~~311~~639.6720 0.00 0.00 X 0.00 0.00000% 2,~~164~~136,~~299~~602,~~070~~199.8002 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 2,153,478,100.00 3,~~559~~966,~~145~~915.2586 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 A1 0.00 0.00 ~~471~~567,~~017~~375.1105 0.00 ~~330~~325,~~991~~309,~~763~~363.9202 A2 0.00 0.00 ~~468~~563,~~180~~709.8563 0.00 ~~327~~320,~~104~~208,~~233~~667.9899 A3 0.00 0.00 ~~405~~478,~~445~~970.6934 0.00 ~~272~~266,~~852~~134,~~793~~967.4812 A4 0.00 0.00 ~~492~~592,~~834~~720.4963 0.00 ~~337~~330,~~652~~526,~~387~~355.3319 A5 0.00 0.00 ~~569~~677,~~823~~697.8632 0.00 ~~400~~388,~~707~~299,~~950~~470.31 A6 0.00 0.00 ~~126~~151,~~487~~390.6714 0.00 77,719,000.00 A7 0.00 0.00 ~~130~~157,~~727~~329.0024 0.00 84,340,000.00 A8 0.00 0.00 5970,~~158~~449.3937 0.00 34,697,000.00 A-SIO 0.00 0.00 ~~223,617~~0.5600 0.00 2,~~164~~019,~~040~~292,~~937~~001.1753 M1 0.00 0.00 ~~145~~172,~~368~~230.3741 0.00 81,161,000.00 M2 0.00 0.00 6982,~~470~~112.9001 0.00 37,876,000.00 M3 0.00 0.00 3844,~~243~~907.7721 0.00 19,479,000.00 M4 0.00 0.00 5564,~~966~~705.2944 0.00 23,807,000.00 M5 0.00 0.00 7585,~~247~~930.6927 0.00 27,054,000.00 M6 0.00 0.00 6473,~~856~~703.8643 0.00 21,643,000.00 M7 0.00 0.00 90102,~~387~~046.0817 0.00 27,053,000.00 B 0.00 0.00 7281,~~311~~639.6720 0.00 21,643,000.00 X 0.00 0.00 7,~~425~~096,~~197~~710.8527 0.00 2,~~136~~097,~~602~~771,~~199~~893.0263 P 0.00 0.00 ~~404~~605,~~914~~559.6855 0.00 100.00 Totals 0.00 0.00 11,~~389~~669,~~257~~185.7868 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 A1 334,549,000.00 1.~~63500~~87000% ~~1000~~989.~~00000000~~36707006 1.~~40791666~~69594006 0.00000000 0.00000000 A2 330,513,000.00 1.~~64500~~88000% ~~1000~~989.~~00000000~~68643890 1.~~41652779~~70555963 0.00000000 0.00000000 A3 280,262,000.00 1.~~68000~~91500% ~~1000~~973.~~00000000~~56328535 1.~~44666665~~70900921 0.00000000 0.00000000 A4 340,669,000.00 1.~~68000~~91500% ~~1000~~991.~~00000000~~14503324 1.~~44666668~~73987252 0.00000000 0.00000000 A5 411,013,000.00 1.~~61000~~84500% ~~1000~~974.~~00000000~~92767944 1.~~38638890~~64884644 0.00000000 0.00000000 A6 77,719,000.00 12.~~89000~~12500% 1000.00000000 1.~~62749997~~94791673 0.00000000 0.00000000 A7 84,340,000.00 12.~~80000~~03500% 1000.00000000 1.~~55000000~~86541665 0.00000000 0.00000000 A8 34,697,000.00 12.~~98000~~21500% 1000.00000000 12.~~70500014~~03041675 0.00000000 0.00000000 A-SIO 0.00 0.~~12000~~00000% ~~1000~~965.~~00000000~~97360319 0.~~10333333~~00000000 0.00000000 0.00000000 M1 81,161,000.00 2.~~08000~~31500% 1000.00000000 12.~~79111112~~12208339 0.00000000 0.00000000 M2 37,876,000.00 2.~~13000~~36500% 1000.00000000 12.~~83416675~~16791662 0.00000000 0.00000000 M3 19,479,000.00 2.~~28000~~51500% 1000.00000000 12.~~96333333~~30541660 0.00000000 0.00000000 M4 23,807,000.00 2.~~73000~~96500% 1000.00000000 2.~~35083337~~71791658 0.00000000 0.00000000 M5 27,054,000.00 3.~~23000~~46500% 1000.00000000 23.~~78138870~~17625009 0.00000000 0.00000000 M6 21,643,000.00 3.~~48000~~71500% 1000.00000000 23.~~99666682~~40541653 0.00000000 0.00000000 M7 27,053,000.00 34.~~88000~~11500% 1000.00000000 3.~~34111115~~77208332 0.00000000 0.00000000 B 21,643,000.00 34.~~88000~~11500% 1000.00000000 3.~~34111121~~77208335 0.00000000 0.00000000 X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 100.00000000 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 A1 0.00000000 0.00000000 1.~~40791666~~69594006 0.00000000 ~~989~~972.~~36707006~~38181259 A2 0.00000000 0.00000000 1.~~41652779~~70555963 0.00000000 ~~989~~968.~~68643890~~82321721 A3 0.00000000 0.00000000 1.~~44666665~~70900921 0.00000000 ~~973~~949.~~56328535~~59347725 A4 0.00000000 0.00000000 1.~~44666668~~73987252 0.00000000 ~~991~~970.~~14503324~~22727395 A5 0.00000000 0.00000000 1.~~38638890~~64884644 0.00000000 ~~974~~944.~~92767944~~73768545 A6 0.00000000 0.00000000 1.~~62749997~~94791673 0.00000000 1000.00000000 A7 0.00000000 0.00000000 1.~~55000000~~86541665 0.00000000 1000.00000000 A8 0.00000000 0.00000000 12.~~70500014~~03041675 0.00000000 1000.00000000 A-SIO 0.00000000 0.00000000 0.~~10333333~~00000000 0.00000000 ~~1000~~933.~~00000000~~11173871 M1 0.00000000 0.00000000 12.~~79111112~~12208339 0.00000000 1000.00000000 M2 0.00000000 0.00000000 12.~~83416675~~16791662 0.00000000 1000.00000000 M3 0.00000000 0.00000000 12.~~96333333~~30541660 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.~~35083337~~71791658 0.00000000 1000.00000000 M5 0.00000000 0.00000000 23.~~78138870~~17625009 0.00000000 1000.00000000 M6 0.00000000 0.00000000 23.~~99666682~~40541653 0.00000000 1000.00000000 M7 0.00000000 0.00000000 3.~~34111115~~77208332 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~34111121~~77208335 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~404914~~605559.~~68000000~~55000000 0.00000000 100.00000000 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage A-SIO(1) 0.~~12000~~00000% ~~407~~394,~~937~~057,~~726~~075.6064 ~~407~~380,~~937~~651,~~726~~481.6036 0.00 0.00 ~~100~~93.~~00000000~~31117387% A-SIO(2) 0.~~12000~~00000% ~~403~~389,~~016~~303,~~496~~297.8157 ~~403~~376,~~016~~059,~~496~~424.8107 0.00 0.00 ~~100~~93.~~00000000~~31117387% A-SIO(3) 0.~~12000~~00000% ~~341~~330,~~741~~113,~~821~~578.0625 ~~341~~318,~~741~~883,~~821~~304.0684 0.00 0.00 ~~100~~93.~~00000000~~31117387% A-SIO(4) 0.~~12000~~00000% ~~415~~401,~~400~~266,~~814~~221.7983 ~~415~~387,~~400~~615,~~814~~376.7955 0.00 0.00 ~~100~~93.~~00000000~~31117387% A-SIO(5) 0.~~12000~~00000% ~~595~~575,~~944~~666,~~077~~248.9124 ~~595~~556,~~944~~082,~~077~~414.9171 0.00 0.00 ~~100~~93.~~00000000~~31117387%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 4052,~~703~~092,~~687~~984.5735 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) 0.00 Prepayment Penalties 0.00 Total Deposits 4052,~~703~~092,~~687~~984.5735 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,~~617~~593,~~558~~493.8128 Payment of Interest and Principal 3950,~~086~~499,~~128~~491.7607 Total Withdrawals (Pool Distribution Amount) 4052,~~703~~092,~~687~~984.5735 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~678~~668,~~388~~771.7962 Credit Risk Manager Fee 2726,~~053~~707.7453 PMI Insurance Premium Fee paid by Master Servicer ~~600~~590,~~953~~497.7717 PMI Insurance Premium Fee paid by Servicer ~~164~~162,~~711~~552.5785 Special Servicing Fee ~~144~~143,~~647~~183.2924 Wells Fargo Bank, N.A. 1,~~803~~780.6587 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~617~~593,~~558~~493.5128

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~102~~105 0 0 0 ~~102~~105 1417,~~731~~642,~~007~~737.9967 0.00 0.00 0.00 1417,~~731~~642,~~007~~737.9967 60 Days 2133 0 0 0 2133 3,~~225~~714,~~243~~901.7529 0.00 0.00 0.00 3,~~225~~714,~~243~~901.7529 90 Days 212 0 0 0 212 ~~518~~1,~~816~~694,374.1205 0.00 0.00 0.00 ~~518~~1,~~816~~694,374.1205 120 Days 01 0 0 0 01 0398,673.0029 0.00 0.00 0.00 0398,673.0029 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~125~~151 0 0 0 ~~125~~151 1823,~~475~~450,~~067~~686.8630 0.00 0.00 0.00 1823,~~475~~450,~~067~~686.8630 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~829673~~867195% 0.000000% 0.000000% 0.000000% 0.~~829673~~867195% 0.~~689025~~840446% 0.000000% 0.000000% 0.000000% 0.~~689025~~840446% 60 Days 0.~~170815~~272547% 0.000000% 0.000000% 0.000000% 0.~~170815~~272547% 0.~~150857~~176967% 0.000000% 0.000000% 0.000000% 0.~~150857~~176967% 90 Days 0.~~016268~~099108% 0.000000% 0.000000% 0.000000% 0.~~016268~~099108% 0.~~024267~~080715% 0.000000% 0.000000% 0.000000% 0.~~024267~~080715% 120 Days 0.~~000000~~008259% 0.000000% 0.000000% 0.000000% 0.~~000000~~008259% 0.~~000000~~018992% 0.000000% 0.000000% 0.000000% 0.~~000000~~018992% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~016756~~247109% 0.000000% 0.000000% 0.000000% 1.~~016756~~247109% 01.~~864149~~117119% 0.000000% 0.000000% 0.000000% 01.~~864149~~117119%

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 ~~361~~283,~~798~~004.1122 0.00 0.00 0.00 ~~361~~283,~~798~~004.1122 60 Days 02 0 0 0 02 0326,638.0058 0.00 0.00 0.00 0326,638.0058 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 24 0 0 0 24 ~~361~~609,~~798~~642.1180 0.00 0.00 0.00 ~~361~~609,~~798~~642.1180 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~259740~~262467% 0.000000% 0.000000% 0.000000% 0.~~259740~~262467% 0.~~398419~~316642% 0.000000% 0.000000% 0.000000% 0.~~398419~~316642% 60 Days 0.~~000000~~262467% 0.000000% 0.000000% 0.000000% 0.~~000000~~262467% 0.~~000000~~365462% 0.000000% 0.000000% 0.000000% 0.~~000000~~365462% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~259740~~524934% 0.000000% 0.000000% 0.000000% 0.~~259740~~524934% 0.~~398419~~682104% 0.000000% 0.000000% 0.000000% 0.~~398419~~682104% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5(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 1713 0 0 0 1713 53,~~037~~699,~~690~~144.7871 0.00 0.00 0.00 53,~~037~~699,~~690~~144.7871 60 Days 114 0 0 0 114 1775,~~946,719~~298.0496 0.00 0.00 0.00 1775,~~946,719~~298.0496 90 Days 25 0 0 0 25 ~~518~~1,~~816~~032,229.1263 0.00 0.00 0.00 ~~518~~1,~~816~~032,229.1263 120 Days 01 0 0 0 01 0398,673.0029 0.00 0.00 0.00 0398,673.0029 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3023 0 0 0 3023 75,~~503~~905,~~225~~346.9459 0.00 0.00 0.00 75,~~503~~905,~~225~~346.9459 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~344937~~051780% 0.000000% 0.000000% 0.000000% 1.~~344937~~051780% 10.~~163386~~875975% 0.000000% 0.000000% 0.000000% 10.~~163386~~875975% 60 Days 0.~~870253~~323625% 0.000000% 0.000000% 0.000000% 0.~~870253~~323625% 0.~~449568~~183595% 0.000000% 0.000000% 0.000000% 0.~~449568~~183595% 90 Days 0.~~158228~~404531% 0.000000% 0.000000% 0.000000% 0.~~158228~~404531% 0.~~119813~~244437% 0.000000% 0.000000% 0.000000% 0.~~119813~~244437% 120 Days 0.~~000000~~080906% 0.000000% 0.000000% 0.000000% 0.~~000000~~080906% 0.~~000000~~094408% 0.000000% 0.000000% 0.000000% 0.~~000000~~094408% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 21.~~373418~~860841% 0.000000% 0.000000% 0.000000% 21.~~373418~~860841% 1.~~732767~~398414% 0.000000% 0.000000% 0.000000% 1.~~732767~~398414% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1014 0 0 0 1014 ~~935~~2,~~488~~636,261.2575 0.00 0.00 0.00 ~~935~~2,~~488~~636,261.2575 60 Days 08 0 0 0 08 0648,555.00 0.00 0.00 0.00 0648,555.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1022 0 0 0 1022 ~~935~~3,~~488~~284,816.2575 0.00 0.00 0.00 ~~935~~3,~~488~~284,816.2575 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~523834~~741525% 0.000000% 0.000000% 0.000000% 0.~~523834~~741525% 0.~~298040~~851345% 0.000000% 0.000000% 0.000000% 0.~~298040~~851345% 60 Days 0.~~000000~~423729% 0.000000% 0.000000% 0.000000% 0.~~000000~~423729% 0.~~000000~~209442% 0.000000% 0.000000% 0.000000% 0.~~000000~~209442% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~523834~~165254% 0.000000% 0.000000% 0.000000% 01.~~523834~~165254% 01.~~298040~~060787% 0.000000% 0.000000% 0.000000% 01.~~298040~~060787% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 12 0 0 0 12 2078,~~000~~816.0008 0.00 0.00 0.00 2078,~~000~~816.0008 60 Days 01 0 0 0 01 020,000.00 0.00 0.00 0.00 020,000.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 13 0 0 0 13 2098,~~000~~816.0008 0.00 0.00 0.00 2098,~~000~~816.0008 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~134409~~270270% 0.000000% 0.000000% 0.000000% 0.~~134409~~270270% 0.~~020056~~079317% 0.000000% 0.000000% 0.000000% 0.~~020056~~079317% 60 Days 0.~~000000~~135135% 0.000000% 0.000000% 0.000000% 0.~~000000~~135135% 0.~~000000~~020127% 0.000000% 0.000000% 0.000000% 0.~~000000~~020127% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~134409~~405405% 0.000000% 0.000000% 0.000000% 0.~~134409~~405405% 0.~~020056~~099444% 0.000000% 0.000000% 0.000000% 0.~~020056~~099444% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 517 0 0 0 517 ~~669~~2,~~905~~754,875.0044 0.00 0.00 0.00 ~~669~~2,~~905~~754,875.0044 60 Days 02 0 0 0 02 0206,975.00 0.00 0.00 0.00 0206,975.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 519 0 0 0 519 ~~669~~2,~~905~~961,850.0044 0.00 0.00 0.00 ~~669~~2,~~905~~961,850.0044 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~279330~~968109% 0.000000% 0.000000% 0.000000% 0.~~279330~~968109% 0.~~223172~~938141% 0.000000% 0.000000% 0.000000% 0.~~223172~~938141% 60 Days 0.~~000000~~113895% 0.000000% 0.000000% 0.000000% 0.~~000000~~113895% 0.~~000000~~070483% 0.000000% 0.000000% 0.000000% 0.~~000000~~070483% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~279330~~082005% 0.000000% 0.000000% 0.000000% 01.~~279330~~082005% 01.~~223172~~008624% 0.000000% 0.000000% 0.000000% 01.~~223172~~008624% 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 149 0 0 0 149 ~~714~~758,~~547~~099.1027 0.00 0.00 0.00 ~~714~~758,~~547~~099.1027 60 Days 04 0 0 0 04 0163,179.0028 0.00 0.00 0.00 0163,179.0028 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1413 0 0 0 1413 ~~714~~921,~~547~~278.1055 0.00 0.00 0.00 ~~714~~921,~~547~~278.1055 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~884253~~239669% 0.000000% 0.000000% 0.000000% 1.~~884253~~239669% 0.~~844797~~918121% 0.000000% 0.000000% 0.000000% 0.~~844797~~918121% 60 Days 0.~~000000~~550964% 0.000000% 0.000000% 0.000000% 0.~~000000~~550964% 0.~~000000~~197624% 0.000000% 0.000000% 0.000000% 0.~~000000~~197624% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~884253~~790634% 0.000000% 0.000000% 0.000000% 1.~~884253~~790634% 01.~~844797~~115744% 0.000000% 0.000000% 0.000000% 01.~~844797~~115744% 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 3330 0 0 0 3330 5,~~287~~356,~~298~~083.5634 0.00 0.00 0.00 5,~~287~~356,~~298~~083.5634 60 Days 46 0 0 0 46 ~~937~~1,~~456~~063,265.8329 0.00 0.00 0.00 ~~937~~1,~~456~~063,265.8329 90 Days 02 0 0 0 02 0337,432.0036 0.00 0.00 0.00 0337,432.0036 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3738 0 0 0 3738 6,~~224~~756,~~755~~780.3999 0.00 0.00 0.00 6,~~224~~756,~~755~~780.3999 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~200000~~035278% 0.000000% 0.000000% 0.000000% 2.~~200000~~035278% 2.~~114683~~183285% 0.000000% 0.000000% 0.000000% 2.~~114683~~183285% 60 Days 0.~~266667~~407056% 0.000000% 0.000000% 0.000000% 0.~~266667~~407056% 0.~~374941~~433416% 0.000000% 0.000000% 0.000000% 0.~~374941~~433416% 90 Days 0.~~000000~~135685% 0.000000% 0.000000% 0.000000% 0.~~000000~~135685% 0.~~000000~~137547% 0.000000% 0.000000% 0.000000% 0.~~000000~~137547% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.~~466667~~578019% 0.000000% 0.000000% 0.000000% 2.~~466667~~578019% 2.~~489624~~754248% 0.000000% 0.000000% 0.000000% 2.~~489624~~754248% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4(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 43 0 0 0 43 ~~407~~328,~~666~~109.5339 0.00 0.00 0.00 ~~407~~328,~~666~~109.5339 60 Days 01 0 0 0 01 053,902.0017 0.00 0.00 0.00 053,902.0017 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4 0 0 0 4 ~~407~~382,~~666~~011.5356 0.00 0.00 0.00 ~~407~~382,~~666~~011.5356 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~720721~~544465% 0.000000% 0.000000% 0.000000% 0.~~720721~~544465% 0.~~460625~~373867% 0.000000% 0.000000% 0.000000% 0.~~460625~~373867% 60 Days 0.~~000000~~181488% 0.000000% 0.000000% 0.000000% 0.~~000000~~181488% 0.~~000000~~061419% 0.000000% 0.000000% 0.000000% 0.~~000000~~061419% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~720721~~725953% 0.000000% 0.000000% 0.000000% 0.~~720721~~725953% 0.~~460625~~435287% 0.000000% 0.000000% 0.000000% 0.~~460625~~435287% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4(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 69 0 0 0 69 ~~530~~1,~~726~~392,852.1550 0.00 0.00 0.00 ~~530~~1,~~726~~392,852.1550 60 Days 03 0 0 0 03 0268,991.0021 0.00 0.00 0.00 0268,991.0021 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 612 0 0 0 612 ~~530~~1,~~726~~661,843.1571 0.00 0.00 0.00 ~~530~~1,~~726~~661,843.1571 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~286260~~435624% 0.000000% 0.000000% 0.000000% 0.~~286260~~435624% 0.~~163709~~438231% 0.000000% 0.000000% 0.000000% 0.~~163709~~438231% 60 Days 0.~~000000~~145208% 0.000000% 0.000000% 0.000000% 0.~~000000~~145208% 0.~~000000~~084632% 0.000000% 0.000000% 0.000000% 0.~~000000~~084632% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~286260~~580833% 0.000000% 0.000000% 0.000000% 0.~~286260~~580833% 0.~~163709~~522864% 0.000000% 0.000000% 0.000000% 0.~~163709~~522864% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5(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 106 0 0 0 106 ~~765~~355,~~887~~490.5197 0.00 0.00 0.00 ~~765~~355,~~887~~490.5197 60 Days 62 0 0 0 62 ~~341~~188,~~067~~095.8880 0.00 0.00 0.00 ~~341~~188,~~067~~095.8880 90 Days 05 0 0 0 05 0324,712.0006 0.00 0.00 0.00 0324,712.0006 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1613 0 0 0 1613 1868,~~106,955~~298.3983 0.00 0.00 0.00 1868,~~106,955~~298.3983 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~083424~~660066% 0.000000% 0.000000% 0.000000% 10.~~083424~~660066% 0.~~500429~~234839% 0.000000% 0.000000% 0.000000% 0.~~500429~~234839% 60 Days 0.~~650054~~220022% 0.000000% 0.000000% 0.000000% 0.~~650054~~220022% 0.~~222853~~124257% 0.000000% 0.000000% 0.000000% 0.~~222853~~124257% 90 Days 0.~~000000~~550055% 0.000000% 0.000000% 0.000000% 0.~~000000~~550055% 0.~~000000~~214507% 0.000000% 0.000000% 0.000000% 0.~~000000~~214507% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~733478~~430143% 0.000000% 0.000000% 0.000000% 1.~~733478~~430143% 0.~~723281~~573603% 0.000000% 0.000000% 0.000000% 0.~~723281~~573603%

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 6.~~987725~~985388% Weighted Average Net Coupon 6.~~611592~~609780% Weighted Average Pass-Through Rate 6.~~105867~~105420% Weighted Average Maturity(Stepdown Calculation ) ~~350~~349 Beginning Scheduled Collateral Loan Count 12,~~414~~294 Number Of Loans Paid In Full ~~120~~186 Ending Scheduled Collateral Loan Count 12,~~294~~108 Beginning Scheduled Collateral Balance 2,~~164~~136,~~299~~602,~~070~~199.8002 Ending Scheduled Collateral Balance 2,~~136~~097,~~602~~771,~~199~~893.0263 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 2,~~137~~099,~~949~~210,~~887~~561.0177 Monthly P &I Constant 14,~~242~~068,~~388~~558.5692 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,~~639~~631,~~448~~061.7493 Unscheduled Principal 2637,~~057~~199,~~423~~243.0446

Miscellaneous Reporting Overcollateralization Amount 10,821,070.00 Overcollateralization Deficiency Amount 0.00 Target Overcollateralization Amount 10,821,070.00 CAP payment 0220,363.0068

Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~615203~~614905 6.~~896200~~894099 6.~~961008~~956525 Weighted Average Net Rate 7.~~273927~~273496 6.~~571337~~569049 6.~~633580~~629753 Weighted Average Maturity ~~350~~349 ~~350~~349 ~~330~~329 Beginning Loan Count ~~772~~770 1,~~924~~909 ~~745~~744 Loans Paid In Full 28 1521 14 Ending Loan Count ~~770~~762 1,~~909~~888 ~~744~~740 Beginning Scheduled Balance 9190,~~000~~747,~~577~~141.5871 ~~316~~313,~~985~~682,~~809~~008.1276 ~~100~~99,~~149~~638,~~681~~301.2310 Ending scheduled Balance 9089,~~747~~310,~~141~~117.7172 ~~313~~309,~~682~~436,~~008~~631.7685 99,~~638~~280,~~301~~943.1014 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant ~~658~~657,~~958~~803.2486 2,~~063~~042,~~521~~953.2905 ~~691~~688,~~320~~669.5072 Scheduled Principal 81,~~468~~944.3380 ~~241~~240,~~856~~824.7009 ~~110~~111,~~368~~056.2315 Unscheduled Principal ~~171~~1,~~967~~355,079.5419 34,~~061~~004,~~943~~552.6682 ~~401~~246,~~011~~301.9081 Scheduled Interest ~~577~~575,~~489~~859.9106 1,~~821~~802,~~664~~128.5996 ~~580~~577,~~952~~613.2757 Servicing Fees 25,~~880~~818.3128 8584,~~814~~968.1257 27,~~326~~132.5248 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 41,~~939~~890.7327 ~~159~~157,~~079~~181.3600 4140,~~339~~814.9648 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 ~~509~~508,~~669~~150.8751 1,~~576~~559,~~771~~979.1139 ~~512~~509,~~285~~666.7961 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.719557 5.967748 6.138201

Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~344872~~347630 7.~~425578~~422779 7.~~328671~~327097 Weighted Average Net Rate 67.~~999724~~002936 6.~~933209~~930467 6.~~828671~~827097 Weighted Average Maturity ~~356~~355 ~~323~~322 ~~354~~353 Beginning Loan Count 1,~~802~~790 ~~749~~743 1,~~533~~500 Loans Paid In Full 1234 617 3326 Ending Loan Count 1,~~790~~756 ~~743~~726 1,~~500~~474 Beginning Scheduled Balance ~~302~~300,~~914~~017,~~888~~502.6662 8584,~~257~~499,~~443~~295.2639 ~~256~~249,~~525~~874,~~141~~083.8406 Ending scheduled Balance ~~300~~293,~~017~~479,~~502~~294.6259 8482,~~499~~487,~~295~~866.3916 ~~249~~245,~~874~~167,~~083~~685.0693 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant 2,~~045~~027,~~114~~972.0532 ~~624~~619,~~652~~748.3019 1,~~729~~685,~~746~~873.6559 Scheduled Principal ~~191~~190,~~054~~957.7159 97,~~080~~065.7722 ~~163~~160,~~089~~163.6794 Unscheduled Principal 26,~~706~~347,~~331~~250.3344 ~~661~~1,~~067~~914,364.1001 64,~~487~~546,~~969~~233.1119 Scheduled Interest 1,~~854~~837,~~059~~014.3473 ~~527~~522,~~571~~682.5397 1,~~566~~525,~~656~~709.9865 Servicing Fees 8786,~~125~~178.5755 34,~~981~~666.8265 ~~106~~104,~~885~~114.4820 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 ~~133~~131,~~051~~795.6394 31,~~665~~425.7981 8986,~~600~~483.6558 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,~~633~~619,~~882~~040.1424 ~~460~~456,~~923~~590.9251 1,~~370~~335,~~170~~111.8587 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.475783 6.484180 6.411766

Group Level Collateral Statement Group 4(A) 4(B) 5(A) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 6.~~662361~~659316 6.~~927680~~925530 7.~~106327~~099742 Weighted Average Net Rate 6.~~323804~~321651 6.~~643619~~641513 6.~~660234~~654199 Weighted Average Maturity ~~350~~349.00 ~~356~~355.00 ~~333~~332.00 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant ~~581~~578,~~897~~527.4800 2,~~142~~127,~~620~~856.4173 1,~~075~~054,~~483~~688.9285 Beginning Loan Count ~~558~~555 2,~~108~~096 ~~941~~923 Loans Paid In Full 34 1230 1814 Ending Loan Count ~~555~~551 2,~~096~~066 ~~923~~909 Beginning Scheduled Balance 8988,~~030~~441,~~293~~239.8993 ~~326~~323,~~420~~992,~~071~~512.2236 ~~155~~152,~~891~~925,~~760~~338.9875 Ending Scheduled Balance 8887,~~441~~692,~~239~~744.9315 ~~323~~317,~~992~~614,~~512~~976.3600 ~~152~~151,~~925~~254,~~338~~241.7589 Scheduled Principal 87,~~604~~728.1952 258,~~175~~006.5971 ~~152~~149,~~302~~913.3845 Unscheduled Principal ~~501~~660,~~449~~767.7726 26,~~169~~119,~~383~~529.2765 21,~~814~~521,~~119~~183.8541 Scheduled Interest ~~494~~490,~~293~~798.2948 1,~~884~~869,~~444~~850.8202 ~~923~~904,~~181~~775.5440 Servicing Fee 2524,~~118~~886.2127 7776,~~269~~682.2891 5756,~~951~~778.8598 Master Servicing Fee 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 3433,~~099~~646.9589 ~~145~~144,~~260~~053.0677 6261,~~665~~757.4050 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 ~~435~~432,~~075~~265.1332 1,~~661~~649,~~915~~113.4834 ~~802~~786,~~564~~238.2992 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.865119 6.107968 6.169590

Group Level Collateral Statement Group 5(B) Total Collateral Description Fixed 15/30 & ARM Mixed & ARM & Balloon Weighted Average Coupon Rate 6.~~468983~~463437 6.~~987725~~985388 Weighted Average Net Rate 6.~~059910~~054333 6.~~611592~~609780 Weighted Average Maturity ~~356~~355.00 ~~350~~349.00 Record Date 0708/31/2004 0708/31/2004 Principal And Interest Constant 2,~~629~~584,~~073~~465.7261 14,~~242~~068,~~388~~558.5692 Beginning Loan Count 1,~~282~~264 12,~~414~~294 Loans Paid In Full 1828 ~~120~~186 Ending Loan Count 1,~~264~~236 12,~~294~~108 Beginning Scheduled Balance ~~440~~432,~~123~~784,~~403~~775.0234 2,~~164~~136,~~299~~602,~~070~~199.8002 Ending Scheduled Balance ~~432~~422,~~784~~047,~~775~~392.3420 2,~~136~~097,~~602~~771,~~199~~893.0263 Scheduled Principal ~~256~~253,~~448~~401.1746 1,~~639~~631,~~448~~061.7493 Unscheduled Principal 710,~~082~~483,~~179~~981.5168 2637,~~057~~199,~~423~~243.0446 Scheduled Interest 2,~~372~~331,~~625~~064.5515 12,~~602~~437,~~939~~496.8299 Servicing Fee ~~150~~147,~~035~~544.3093 ~~678~~668,~~388~~771.4682 Master Servicing Fee 0.00 0.00 Trustee Fee 0.00 0.00 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee ~~173~~168,~~413~~964.6851 ~~912~~898,~~116~~013.2175 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 2,~~049~~014,~~176~~554.5771 1110,~~012~~870,~~435~~711.1542 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.585838 6.105420

EX-99.2

Filing Compare · Structured Asset Investment Loan Trust 2004-7