8-K 1 srm04005_nov.txt NOVEMBER 8K 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): November 26, 2004 STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-92140-44 54-2152455 54-6612488 Pooling and Servicing Agreement) (Commission 54-2152456 54-6616716 (State or other File Number) 54-2152457 54-6616717 jurisdiction 54-2152458 54-6616718 of Incorporation) 54-2152459 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 November 26, 2004 a distribution was made to holders of STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-5 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 2004-5 Trust, relating to the November 26, 2004 distribution. 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 ADJUSTABLE RATE MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-5 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/1/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-5 Trust, relating to the November 26, 2004 distribution. EX-99.1

Structured Adjustable Rate Mortgage ~~Loan~~ Trust Mortgage Pass-Through Certificates Record Date: 810/31/042004 Distribution Date: 911/2726/042004 SARM Series: 2004-5 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 86359BPM7 SEN 4.~~53828~~52510% ~~194~~184,~~144~~521,~~139~~551.5701 ~~734~~695,~~233~~815.6772 45,~~006~~717,~~388~~131.7866 2-A 86359BPP0 SEN 4.~~70025~~68919% ~~127~~122,~~038~~833,~~175~~223.2777 ~~497~~479,~~592~~990.3331 2,~~191~~739,~~886~~432.5689 3-A1 86359BPQ8 SEN 4.38000% ~~284~~274,~~545~~719,~~673~~033.0592 1,~~038~~002,~~591~~724.7148 47,~~608~~990,~~512~~163.3344 3-A2 86359BPR6 SEN 4.90000% ~~118~~114,~~560~~466,~~697~~264.1113 ~~484~~467,~~122~~403.8591 13,~~920~~329,~~213~~234.4777 3-A3 86359BPS4 SEN 3.93000% 9,~~484~~157,~~855~~301.7713 3129,~~062~~990.9016 ~~153~~266,~~617~~338.0878 3-A4 86359BPT2 SEN 4.20000% 2322,~~712~~893,~~139~~252.4283 8280,~~992~~126.4939 ~~384~~665,~~042~~846.6995 3-A5 86359BPU9 SEN 4.37700% 9591,~~074~~790,~~297~~955.2507 ~~346~~334,~~783~~807.5051 12,~~539~~669,~~826~~726.8668 3-A6 86359BPV7 SEN 4.38000% 76,~~113~~867,~~641~~975.8385 25,~~964~~068.7911 ~~115~~199,~~212~~754.8109 3-AX 86359BPW5 SEN 4.48000% 0.00 ~~151~~141,~~749~~707.9253 0.00 3-PAX 86359BPX3 SEN 4.48000% 0.00 9390,~~856~~530.9073 0.00 4-A 86359BPY1 SEN 4.62600% 9693,~~111~~882,~~376~~818.8429 ~~370~~361,~~509~~918.3627 1,~~127~~661,~~726~~710.0928 4-AX 86359BPZ8 SEN 4.62600% 0.00 3029,~~444~~566.2331 0.00 5-A 86359BQA2 SEN 5.00000% ~~107~~106,~~358~~689,~~045~~843.4052 ~~447~~444,~~325~~541.1902 ~~455~~639,~~680~~509.8008 5-AX 86359BQB0 SEN 5.00000% 0.00 17,~~310~~063.6971 0.00 B1 86359BQC8 SUB 4.~~63317~~62899% 48,~~216~~196,~~574~~933.6153 ~~186~~185,~~163~~919.1610 9,~~835~~800.2700 B2 86359BQD6 SUB 4.~~63317~~62899% 10,~~847~~842,~~355~~936.3870 41,~~881~~826.4150 2,~~212~~204.6672 B3 86359BQE4 SUB 4.~~63317~~62899% 6,~~025~~022,~~198~~743.3295 23,~~263~~232.1666 1,~~229~~224.0362 B4 86359BQG9 SUB 4.~~63317~~62899% 6,~~025~~022,~~198~~743.3295 23,~~263~~232.1666 1,~~229~~224.0362 B5 86359BQH7 SUB 4.~~63317~~62899% 4,~~217~~215,~~638~~920.8276 16,~~284~~262.2186 ~~860~~857.3223 B6 86359BQJ3 SUB 4.~~63317~~62899% 3,~~025~~023,~~951~~637.5231 11,~~683~~663.1364 ~~617~~614.2480 P-I SRM0405P1 SEN 0.00000% 0.00 2516,~~708~~978.0094 0.00 P-II SRM0405P2 SEN 0.00000% 0.00 2516,~~285~~129.9644 0.00 R 86359BQF1 SEN 4.~~55260~~55185% 0.00 0.00 0.00 Totals 1,~~141~~106,~~500~~147,~~958~~135.4872 4,~~706~~536,~~072~~499.7296 1625,~~519~~894,~~091~~774.0261

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 ~~190~~178,~~137~~804,~~750~~419.7835 46,~~740~~412,~~622~~947.4538 0.00 2-A 0.00 ~~124~~120,~~846~~093,~~288~~790.7088 23,~~689~~219,~~478~~423.8920 0.00 3-A1 0.00 ~~279~~266,~~937~~728,~~160~~870.7248 58,~~647~~992,~~104~~887.0492 0.00 3-A2 0.00 ~~116~~111,~~640~~137,~~483~~029.6337 23,~~404~~796,~~336~~638.3268 0.00 3-A3 0.00 98,~~331~~890,~~238~~962.6935 ~~184~~296,~~679~~328.9894 0.00 3-A4 0.00 2322,~~328~~227,~~096~~405.7387 ~~467~~745,~~035~~973.1834 0.00 3-A5 0.00 9389,~~534~~121,~~470~~228.3940 13,~~886~~004,~~610~~534.3619 0.00 3-A6 0.00 6,~~998~~668,~~429~~221.0276 ~~141~~224,~~177~~822.6020 0.00 3-AX 0.00 0.00 ~~151~~141,~~749~~707.9253 0.00 3-PAX 0.00 0.00 9390,~~856~~530.9073 0.00 4-A 0.00 9492,~~983~~221,~~650~~108.7501 12,~~498~~023,~~235~~628.4555 0.00 4-AX 0.00 0.00 3029,~~444~~566.2331 0.00 5-A 0.00 106,~~902~~050,~~364~~334.6143 ~~903~~1,~~005~~084,050.9910 0.00 5-AX 0.00 0.00 17,~~310~~063.6971 0.00 B1 0.00 48,~~206~~187,~~739~~133.3453 195,~~998~~719.4310 0.00 B2 0.00 10,~~845~~840,~~142~~731.7398 44,~~094~~031.0722 0.00 B3 0.00 6,~~023~~021,~~969~~519.2933 24,~~492~~457.1928 0.00 B4 0.00 6,~~023~~021,~~969~~519.2933 24,~~492~~457.1928 0.00 B5 0.00 4,~~216~~215,~~778~~063.5053 17,~~144~~120.5309 0.00 B6 0.00 3,~~025~~023,~~334~~022.2851 12,~~300~~278.3744 01,081.0058 P-I 0.00 0.00 2516,~~708~~978.0094 0.00 P-II 0.00 0.00 2516,~~285~~129.9644 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1,~~124~~080,~~981~~252,~~867~~361.4511 2130,~~225~~431,~~163~~274.7457 01,081.0058 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 215,075,000.00 ~~194~~184,~~144~~521,~~139~~551.5701 4946,~~660~~360.2062 35,~~956~~670,~~728~~771.5804 0.00 0.00 2-A 134,226,000.00 ~~127~~122,~~038~~833,~~175~~223.2777 2422,~~110~~893.8536 2,~~167~~716,~~775~~539.7153 0.00 0.00 3-A1 300,000,000.00 ~~284~~274,~~545~~719,~~673~~033.0592 4645,~~046~~053.6633 47,~~562~~945,~~465~~110.6712 0.00 0.00 3-A2 125,000,000.00 ~~118~~114,~~560~~466,~~697~~264.1113 1918,~~186~~772.1122 13,~~901~~310,~~027~~462.3655 0.00 0.00 3-A3 10,000,000.00 9,~~484~~157,~~855~~301.7713 1,~~534~~501.8978 ~~152~~264,~~082~~837.1900 0.00 0.00 3-A4 25,000,000.00 2322,~~712~~893,~~139~~252.4283 3,~~837~~754.2244 ~~380~~662,~~205~~092.4751 0.00 0.00 3-A5 100,238,000.00 9591,~~074~~790,~~297~~955.2507 15,~~385~~053.4252 12,~~524~~654,~~441~~673.4516 0.00 0.00 3-A6 7,500,000.00 76,~~113~~867,~~641~~975.8385 1,~~151~~126.1733 ~~114~~198,~~061~~627.6475 0.00 0.00 3-AX 0.00 0.00 0.00 0.00 0.00 0.00 3-PAX 0.00 0.00 0.00 0.00 0.00 0.00 4-A 99,980,000.00 9693,~~111~~882,~~376~~818.8429 3231,~~103~~594.3009 1,~~095~~630,~~622~~116.7919 0.00 0.00 4-AX 0.00 0.00 0.00 0.00 0.00 0.00 5-A 110,980,000.00 ~~107~~106,~~358~~689,~~045~~843.4052 2322,~~548~~656.2091 ~~432~~616,~~132~~852.6017 0.00 0.00 5-AX 0.00 0.00 0.00 0.00 0.00 0.00 B1 48,255,000.00 48,~~216~~196,~~574~~933.6153 9,~~835~~800.2700 0.00 0.00 0.00 B2 10,856,000.00 10,~~847~~842,~~355~~936.3870 2,~~212~~204.6672 0.00 0.00 0.00 B3 6,030,000.00 6,~~025~~022,~~198~~743.3295 1,~~229~~224.0362 0.00 0.00 0.00 B4 6,030,000.00 6,~~025~~022,~~198~~743.3295 1,~~229~~224.0362 0.00 0.00 0.00 B5 4,221,000.00 4,~~217~~215,~~638~~920.8276 ~~860~~857.3223 0.00 0.00 0.00 B6 3,028,363.00 3,~~025~~023,~~951~~637.5231 ~~617~~614.2480 0.00 0.00 0.00 P-I 0.00 0.00 0.00 0.00 0.00 0.00 P-II 0.00 0.00 0.00 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 Totals 1,206,419,463.00 1,~~141~~106,~~500~~147,~~958~~135.4872 ~~232~~224,~~547~~692.5759 1625,~~286~~670,~~543~~082.4602 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 45,~~006~~717,~~388~~131.7866 ~~190~~178,~~137~~804,~~750~~419.7835 0.~~88405324~~83135845 45,~~006~~717,~~388~~131.7866 2-A 2,~~191~~739,~~886~~432.5689 ~~124~~120,~~846~~093,~~288~~790.7088 0.~~93012001~~89471333 2,~~191~~739,~~886~~432.5689 3-A1 47,~~608~~990,~~512~~163.3344 ~~279~~266,~~937~~728,~~160~~870.7248 0.~~93312387~~88909623 47,~~608~~990,~~512~~163.3344 3-A2 13,~~920~~329,~~213~~234.4777 ~~116~~111,~~640~~137,~~483~~029.6337 0.~~93312387~~88909623 13,~~920~~329,~~213~~234.4777 3-A3 ~~153~~266,~~617~~338.0878 98,~~331~~890,~~238~~962.6935 0.~~93312387~~88909623 ~~153~~266,~~617~~338.0878 3-A4 ~~384~~665,~~042~~846.6995 2322,~~328~~227,~~096~~405.7387 0.~~93312387~~88909623 ~~384~~665,~~042~~846.6995 3-A5 12,~~539~~669,~~826~~726.8668 9389,~~534~~121,~~470~~228.3940 0.~~93312387~~88909623 12,~~539~~669,~~826~~726.8668 3-A6 ~~115~~199,~~212~~754.8109 6,~~998~~668,~~429~~221.0276 0.~~93312387~~88909623 ~~115~~199,~~212~~754.8109 3-AX 0.00 0.00 0.00000000 0.00 3-PAX 0.00 0.00 0.00000000 0.00 4-A 1,~~127~~661,~~726~~710.0928 9492,~~983~~221,~~650~~108.7501 0.~~95002651~~92239556 1,~~127~~661,~~726~~710.0928 4-AX 0.00 0.00 0.00000000 0.00 5-A ~~455~~639,~~680~~509.8008 106,~~902~~050,~~364~~334.6143 0.~~96325793~~95558059 ~~455~~639,~~680~~509.8008 5-AX 0.00 0.00 0.00000000 0.00 B1 9,~~835~~800.2700 48,~~206~~187,~~739~~133.3453 0.~~99899988~~99859359 9,~~835~~800.2700 B2 2,~~212~~204.6672 10,~~845~~840,~~142~~731.7398 0.~~99899988~~99859359 2,~~212~~204.6672 B3 1,~~229~~224.0362 6,~~023~~021,~~969~~519.2933 0.~~99899988~~99859359 1,~~229~~224.0362 B4 1,~~229~~224.0362 6,~~023~~021,~~969~~519.2933 0.~~99899988~~99859359 1,~~229~~224.0362 B5 ~~860~~857.3223 4,~~216~~215,~~778~~063.5053 0.~~99899988~~99859359 ~~860~~857.3223 B6 ~~617~~614.2480 3,~~025~~023,~~334~~022.2851 0.~~99899988~~99823651 ~~617~~614.2480 P-I 0.00 0.00 0.00000000 0.00 P-II 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1625,~~519~~894,~~091~~774.0261 1,~~124~~080,~~981~~252,~~867~~361.4511 0.~~93249645~~89542020 1625,~~519~~894,~~091~~774.0261

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 215,075,000.00 ~~902~~857.~~68110924~~94049057 0.~~23089713~~21555560 1826.~~39697120~~36648165 0.00000000 2-A 134,226,000.00 ~~946~~915.~~44983289~~12243358 0.~~17962876~~17055831 1620.~~15019229~~23854939 0.00000000 3-A1 300,000,000.00 ~~948~~915.~~48557683~~73011307 0.~~15348887~~15017777 1526.~~20821890~~48370040 0.00000000 3-A2 125,000,000.00 ~~948~~915.~~48557688~~73011304 0.~~15348888~~15017776 1526.~~20821888~~48370040 0.00000000 3-A3 10,000,000.00 ~~948~~915.~~48557700~~73011300 0.~~15348900~~15017800 1526.~~20821900~~48370000 0.00000000 3-A4 25,000,000.00 ~~948~~915.~~48557680~~73011320 0.~~15348880~~15017760 1526.~~20821880~~48370040 0.00000000 3-A5 100,238,000.00 ~~948~~915.~~48557683~~73011303 0.~~15348890~~15017778 1526.~~20821894~~48370039 0.00000000 3-A6 7,500,000.00 ~~948~~915.~~48557733~~73011333 0.~~15348933~~15017733 1526.~~20821867~~48370000 0.00000000 3-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-PAX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4-A 99,980,000.00 ~~961~~939.~~30602961~~01598610 0.~~32109722~~31600410 1016.~~95841958~~30442278 0.00000000 4-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 5-A 110,980,000.00 ~~967~~961.~~36389800~~34297639 0.~~21218418~~20415309 35.~~89378807~~55822824 0.00000000 5-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 48,255,000.00 ~~999~~998.~~20370138~~79667454 0.~~20381867~~20308776 0.00000000 0.00000000 B2 10,856,000.00 ~~999~~998.~~20370118~~79667465 0.~~20381909~~20308769 0.00000000 0.00000000 B3 6,030,000.00 ~~999~~998.~~20370149~~79667496 0.~~20381924~~20308789 0.00000000 0.00000000 B4 6,030,000.00 ~~999~~998.~~20370149~~79667496 0.~~20381924~~20308789 0.00000000 0.00000000 B5 4,221,000.00 ~~999~~998.~~20370054~~79667377 0.~~20381900~~20308695 0.00000000 0.00000000 B6 3,028,363.00 ~~999~~998.~~20370180~~43952327 0.~~20381969~~20301397 0.00000000 0.00000000 P-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes 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 1826.~~62786833~~58203724 ~~884~~831.~~05324087~~35845333 0.~~88405324~~83135845 1826.~~62786833~~58203724 2-A 0.00000000 1620.~~32982105~~40910770 ~~930~~894.~~12001177~~71332588 0.~~93012001~~89471333 1620.~~32982105~~40910770 3-A1 0.00000000 1526.~~36170777~~63387813 ~~933~~889.~~12386907~~09623493 0.~~93312387~~88909623 1526.~~36170777~~63387813 3-A2 0.00000000 1526.~~36170776~~63387816 ~~933~~889.~~12386904~~09623496 0.~~93312387~~88909623 1526.~~36170776~~63387816 3-A3 0.00000000 1526.~~36170800~~63387800 ~~933~~889.~~12386900~~09623500 0.~~93312387~~88909623 1526.~~36170800~~63387800 3-A4 0.00000000 1526.~~36170760~~63387800 ~~933~~889.~~12386920~~09623480 0.~~93312387~~88909623 1526.~~36170760~~63387800 3-A5 0.00000000 1526.~~36170774~~63387817 ~~933~~889.~~12386909~~09623496 0.~~93312387~~88909623 1526.~~36170774~~63387817 3-A6 0.00000000 1526.~~36170800~~63387867 ~~933~~889.~~12386933~~09623467 0.~~93312387~~88909623 1526.~~36170800~~63387867 3-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-PAX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-A 0.00000000 1116.~~27951680~~62042689 ~~950~~922.~~02651280~~39555921 0.~~95002651~~92239556 1116.~~27951680~~62042689 4-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 5-A 0.00000000 45.~~10597225~~76238133 ~~963~~955.~~25792584~~58059497 0.~~96325793~~95558059 45.~~10597225~~76238133 5-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.~~20381867~~20308776 998.~~99988271~~59358678 0.~~99899988~~99859359 0.~~20381867~~20308776 B2 0.00000000 0.~~20381909~~20308769 998.~~99988301~~59358696 0.~~99899988~~99859359 0.~~20381909~~20308769 B3 0.00000000 0.~~20381924~~20308789 998.~~99988226~~59358706 0.~~99899988~~99859359 0.~~20381924~~20308789 B4 0.00000000 0.~~20381924~~20308789 998.~~99988226~~59358706 0.~~99899988~~99859359 0.~~20381924~~20308789 B5 0.00000000 0.~~20381900~~20308695 998.~~99988154~~59358683 0.~~99899988~~99859359 0.~~20381900~~20308695 B6 0.00000000 0.~~20381969~~20301397 998.~~99988211~~23650930 0.~~99899988~~99823651 0.~~20381969~~20301397 P-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00000000 0.00000000 0.00000000 0.00000000 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 215,075,000.00 4.~~53828~~52510% ~~194~~184,~~144~~521,~~139~~551.5701 ~~734~~695,~~233~~815.6772 0.00 0.00 2-A 134,226,000.00 4.~~70025~~68919% ~~127~~122,~~038~~833,~~175~~223.2777 ~~497~~479,~~592~~990.3331 0.00 0.00 3-A1 300,000,000.00 4.38000% ~~284~~274,~~545~~719,~~673~~033.0592 1,~~038~~002,~~591~~724.7147 0.00 0.00 3-A2 125,000,000.00 4.90000% ~~118~~114,~~560~~466,~~697~~264.1113 ~~484~~467,~~122~~403.8591 0.00 0.00 3-A3 10,000,000.00 3.93000% 9,~~484~~157,~~855~~301.7713 3129,~~062~~990.9016 0.00 0.00 3-A4 25,000,000.00 4.20000% 2322,~~712~~893,~~139~~252.4283 8280,~~992~~126.4938 0.00 0.00 3-A5 100,238,000.00 4.37700% 9591,~~074~~790,~~297~~955.2507 ~~346~~334,~~783~~807.5051 0.00 0.00 3-A6 7,500,000.00 4.38000% 76,~~113~~867,~~641~~975.8385 25,~~964~~068.7911 0.00 0.00 3-AX 0.00 4.48000% 4037,~~647~~957,~~300~~375.4331 ~~151~~141,~~749~~707.9253 0.00 0.00 3-PAX 0.00 4.48000% 2524,~~140~~249,~~239~~301.9689 9390,~~856~~530.9073 0.00 0.00 4-A 99,980,000.00 4.62600% 9693,~~111~~882,~~376~~818.8429 ~~370~~361,~~509~~918.3626 0.00 0.00 4-AX 0.00 4.62600% 7,~~897~~669,~~336~~600.9131 3029,~~444~~566.2331 0.00 0.00 5-A 110,980,000.00 5.00000% ~~107~~106,~~358~~689,~~045~~843.4052 ~~447~~444,~~325~~541.1901 0.00 0.00 5-AX 0.00 5.00000% 4,~~154~~095,~~564~~291.4331 17,~~310~~063.6971 0.00 0.00 B1 48,255,000.00 4.~~63317~~62899% 48,~~216~~196,~~574~~933.6153 ~~186~~185,~~163~~919.1610 0.00 0.00 B2 10,856,000.00 4.~~63317~~62899% 10,~~847~~842,~~355~~936.3870 41,~~881~~826.4150 0.00 0.00 B3 6,030,000.00 4.~~63317~~62899% 6,~~025~~022,~~198~~743.3295 23,~~263~~232.1666 0.00 0.00 B4 6,030,000.00 4.~~63317~~62899% 6,~~025~~022,~~198~~743.3295 23,~~263~~232.1666 0.00 0.00 B5 4,221,000.00 4.~~63317~~62899% 4,~~217~~215,~~638~~920.8276 16,~~284~~262.2186 0.00 0.00 B6 3,028,363.00 4.~~63317~~62899% 3,~~025~~023,~~951~~637.5231 11,~~683~~663.1364 0.00 0.00 P-I 0.00 0.00000% 0.00 0.00 0.00 0.00 P-II 0.00 0.00000% 0.00 0.00 0.00 0.00 R 100.00 4.~~55260~~55185% 0.00 0.00 0.00 0.00 Totals 1,206,419,463.00 4,~~655~~503,~~078~~391.7654 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 0.00 0.00 ~~734~~695,~~233~~815.6772 0.00 ~~190~~178,~~137~~804,~~750~~419.7835 2-A 0.00 0.00 ~~497~~479,~~592~~990.3331 0.00 ~~124~~120,~~846~~093,~~288~~790.7088 3-A1 0.00 0.00 1,~~038~~002,~~591~~724.7148 0.00 ~~279~~266,~~937~~728,~~160~~870.7248 3-A2 0.00 0.00 ~~484~~467,~~122~~403.8591 0.00 ~~116~~111,~~640~~137,~~483~~029.6337 3-A3 0.00 0.00 3129,~~062~~990.9016 0.00 98,~~331~~890,~~238~~962.6935 3-A4 0.00 0.00 8280,~~992~~126.4939 0.00 2322,~~328~~227,~~096~~405.7387 3-A5 0.00 0.00 ~~346~~334,~~783~~807.5051 0.00 9389,~~534~~121,~~470~~228.3940 3-A6 0.00 0.00 25,~~964~~068.7911 0.00 6,~~998~~668,~~429~~221.0276 3-AX 0.00 0.00 ~~151~~141,~~749~~707.9253 0.00 3936,~~901~~598,~~625~~618.4471 3-PAX 0.00 0.00 9390,~~856~~530.9073 0.00 2423,~~896~~971,~~899~~131.4464 4-A 0.00 0.00 ~~370~~361,~~509~~918.3627 0.00 9492,~~983~~221,~~650~~108.7501 4-AX 0.00 0.00 3029,~~444~~566.2331 0.00 7,~~813~~525,~~317~~899.8839 5-A 0.00 0.00 ~~447~~444,~~325~~541.1902 0.00 106,~~902~~050,~~364~~334.6143 5-AX 0.00 0.00 17,~~310~~063.6971 0.00 4,~~124~~069,~~240~~745.6231 B1 0.00 0.00 ~~186~~185,~~163~~919.1610 0.00 48,~~206~~187,~~739~~133.3453 B2 0.00 0.00 41,~~881~~826.4150 0.00 10,~~845~~840,~~142~~731.7398 B3 0.00 0.00 23,~~263~~232.1666 0.00 6,~~023~~021,~~969~~519.2933 B4 0.00 0.00 23,~~263~~232.1666 0.00 6,~~023~~021,~~969~~519.2933 B5 0.00 0.00 16,~~284~~262.2186 0.00 4,~~216~~215,~~778~~063.5053 B6 0.00 0.00 11,~~683~~663.1364 0.00 3,~~025~~023,~~334~~022.2851 P-I 0.00 0.00 2516,~~708~~978.0094 0.00 0.00 P-II 0.00 0.00 2516,~~285~~129.9644 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,~~706~~536,~~072~~499.7296 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 215,075,000.00 4.~~53828~~52510% ~~902~~857.~~68110924~~94049057 3.~~41384945~~23522362 0.00000000 0.00000000 2-A 134,226,000.00 4.~~70025~~68919% ~~946~~915.~~44983289~~12243358 3.~~70712328~~57598610 0.00000000 0.00000000 3-A1 300,000,000.00 4.38000% ~~948~~915.~~48557683~~73011307 3.~~46197237~~34241490 0.00000000 0.00000000 3-A2 125,000,000.00 4.90000% ~~948~~915.~~48557688~~73011304 3.~~87298280~~73923128 0.00000000 0.00000000 3-A3 10,000,000.00 3.93000% ~~948~~915.~~48557700~~73011300 32.~~10629000~~99901600 0.00000000 0.00000000 3-A4 25,000,000.00 4.20000% ~~948~~915.~~48557680~~73011320 3.~~31969960~~20505520 0.00000000 0.00000000 3-A5 100,238,000.00 4.37700% ~~948~~915.~~48557683~~73011303 3.~~45960115~~34012560 0.00000000 0.00000000 3-A6 7,500,000.00 4.38000% ~~948~~915.~~48557733~~73011333 3.~~46197200~~34241467 0.00000000 0.00000000 3-AX 0.00 4.48000% ~~911~~851.~~82422787~~48224034 3.~~40414375~~17886693 0.00000000 0.00000000 3-PAX 0.00 4.48000% ~~973~~939.~~71298120~~20583387 3.~~63519529~~50636856 0.00000000 0.00000000 4-A 99,980,000.00 4.62600% ~~961~~939.~~30602961~~01598610 3.~~70583477~~61990658 0.00000000 0.00000000 4-AX 0.00 4.62600% ~~936~~909.~~63628846~~62637788 3.~~61073244~~50660978 0.00000000 0.00000000 5-A 110,980,000.00 5.00000% ~~967~~961.~~36389800~~34297639 4.~~03068292~~00559569 0.00000000 0.00000000 5-AX 0.00 5.00000% ~~930~~917.~~68845908~~41033820 3.~~87786967~~82254223 0.00000000 0.00000000 B1 48,255,000.00 4.~~63317~~62899% ~~999~~998.~~20370138~~79667454 3.~~85790405~~85284634 0.00000000 0.00000000 B2 10,856,000.00 4.~~63317~~62899% ~~999~~998.~~20370118~~79667465 3.~~85790438~~85284635 0.00000000 0.00000000 B3 6,030,000.00 4.~~63317~~62899% ~~999~~998.~~20370149~~79667496 3.~~85790381~~85284577 0.00000000 0.00000000 B4 6,030,000.00 4.~~63317~~62899% ~~999~~998.~~20370149~~79667496 3.~~85790381~~85284577 0.00000000 0.00000000 B5 4,221,000.00 4.~~63317~~62899% ~~999~~998.~~20370054~~79667377 3.~~85790334~~85284530 0.00000000 0.00000000 B6 3,028,363.00 4.~~63317~~62899% ~~999~~998.~~20370180~~43952327 3.~~85790277~~85146695 0.00000000 0.00000000 P-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 4.~~55260~~55185% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes 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 0.00000000 0.00000000 3.~~41384945~~23522362 0.00000000 ~~884~~831.~~05324087~~35845333 2-A 0.00000000 0.00000000 3.~~70712328~~57598610 0.00000000 ~~930~~894.~~12001177~~71332588 3-A1 0.00000000 0.00000000 3.~~46197237~~34241493 0.00000000 ~~933~~889.~~12386907~~09623493 3-A2 0.00000000 0.00000000 3.~~87298280~~73923128 0.00000000 ~~933~~889.~~12386904~~09623496 3-A3 0.00000000 0.00000000 32.~~10629000~~99901600 0.00000000 ~~933~~889.~~12386900~~09623500 3-A4 0.00000000 0.00000000 3.~~31969960~~20505560 0.00000000 ~~933~~889.~~12386920~~09623480 3-A5 0.00000000 0.00000000 3.~~45960115~~34012560 0.00000000 ~~933~~889.~~12386909~~09623496 3-A6 0.00000000 0.00000000 3.~~46197200~~34241467 0.00000000 ~~933~~889.~~12386933~~09623467 3-AX 0.00000000 0.00000000 3.~~40414375~~17886693 0.00000000 ~~895~~821.~~09680650~~00181053 3-PAX 0.00000000 0.00000000 3.~~63519529~~50636856 0.00000000 ~~964~~928.~~28809808~~43195169 4-A 0.00000000 0.00000000 3.~~70583477~~61990668 0.00000000 ~~950~~922.~~02651280~~39555921 4-AX 0.00000000 0.00000000 3.~~61073244~~50660978 0.00000000 ~~926~~892.~~67150245~~58322803 5-A 0.00000000 0.00000000 4.~~03068292~~00559578 0.00000000 ~~963~~955.~~25792584~~58059497 5-AX 0.00000000 0.00000000 3.~~87786967~~82254223 0.00000000 ~~923~~911.~~89544372~~68762821 B1 0.00000000 0.00000000 3.~~85790405~~85284634 0.00000000 998.~~99988271~~59358678 B2 0.00000000 0.00000000 3.~~85790438~~85284635 0.00000000 998.~~99988301~~59358696 B3 0.00000000 0.00000000 3.~~85790381~~85284577 0.00000000 998.~~99988226~~59358706 B4 0.00000000 0.00000000 3.~~85790381~~85284577 0.00000000 998.~~99988226~~59358706 B5 0.00000000 0.00000000 3.~~85790334~~85284530 0.00000000 998.~~99988154~~59358683 B6 0.00000000 0.00000000 3.~~85790277~~85146695 0.00000000 998.~~99988211~~23650930 P-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P-II 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 2130,~~468~~667,~~631~~229.3190 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 2130,~~468~~667,~~631~~229.3190 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~243~~235,~~467~~955.5733 Payment of Interest and Principal 2130,~~225~~431,~~163~~274.7457 Total Withdrawals (Pool Distribution Amount) 2130,~~468~~667,~~631~~229.3190 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~238~~231,~~711~~346.3438 Wells Fargo Bank, N.A. 4,~~756~~608.2395 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~243~~235,~~467~~955.5733

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 03 0 0 03 0988,868.0067 0.00 0.00 0988,868.0067 30 Days 2033 0 0 0 2033 912,~~826~~730,~~846~~280.6433 0.00 0.00 0.00 912,~~826~~730,~~846~~280.6433 60 Days 36 0 0 0 36 2,~~172~~293,~~499~~948.3051 0.00 0.00 0.00 2,~~172~~293,~~499~~948.3051 90 Days 10 0 10 0 20 ~~91,300~~0.00 0.00 ~~111,765~~0.5200 0.00 ~~203,065~~0.5200 120 Days 1 0 01 0 12 ~~311~~1,~~920~~439,999.0050 0.00 0332,499.0080 0.00 ~~311~~1,~~920~~772,499.0030 150 Days 0 0 1 0 1 1 0.00 0.00 0111,765.0052 ~~68,000~~0.00 68111,~~000~~765.0052 180+ Days 01 0 0 0 01 0311,920.00 0.00 0.00 0.00 0311,920.00 Totals 2541 03 12 10 2746 1216,~~402~~776,~~565~~148.9434 0988,868.0067 ~~111~~444,~~765~~265.5232 ~~68,000~~0.00 1218,~~582~~209,~~331~~282.4633 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~~092851% 0.000000% 0.000000% 0.~~000000~~092851% 0.~~000000~~091527% 0.000000% 0.000000% 0.~~000000~~091527% 30 Days 01.~~598982~~021356% 0.000000% 0.000000% 0.000000% 01.~~598982~~021356% 01.~~873386~~178285% 0.000000% 0.000000% 0.000000% 01.~~873386~~178285% 60 Days 0.~~089847~~185701% 0.000000% 0.000000% 0.000000% 0.~~089847~~185701% 0.~~193086~~212323% 0.000000% 0.000000% 0.000000% 0.~~193086~~212323% 90 Days 0.~~029949~~000000% 0.000000% 0.~~029949~~000000% 0.000000% 0.~~059898~~000000% 0.~~008115~~000000% 0.000000% 0.~~009933~~000000% 0.000000% 0.~~018048~~000000% 120 Days 0.~~029949~~030950% 0.000000% 0.~~000000~~030950% 0.000000% 0.~~029949~~061900% 0.~~027723~~133283% 0.000000% 0.~~000000~~030775% 0.000000% 0.~~027723~~164058% 150 Days 0.000000% 0.000000% 0.~~000000~~030950% 0.~~029949~~000000% 0.~~029949~~030950% 0.000000% 0.000000% 0.~~000000~~010345% 0.~~006044~~000000% 0.~~006044~~010345% 180+ Days 0.~~000000~~030950% 0.000000% 0.000000% 0.000000% 0.~~000000~~030950% 0.~~000000~~028871% 0.000000% 0.000000% 0.000000% 0.~~000000~~028871% Totals 01.~~748727~~268957% 0.~~000000~~092851% 0.~~029949~~061900% 0.~~029949~~000000% 01.~~808625~~423708% 1.~~102310~~552762% 0.~~000000~~091527% 0.~~009933~~041120% 0.~~006044~~000000% 1.~~118287~~685409%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 64 0 0 0 64 21,~~420~~427,~~903~~987.7678 0.00 0.00 0.00 21,~~420~~427,~~903~~987.7678 60 Days 2 0 0 0 2 1667,~~839,999~~495.5012 0.00 0.00 0.00 1667,~~839,999~~495.5012 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 01 0 0 0 01 01,439,999.0050 0.00 0.00 0.00 01,439,999.0050 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 87 0 0 0 87 43,~~260~~535,~~903~~482.2640 0.00 0.00 0.00 43,~~260~~535,~~903~~482.2640 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~192843~~840336% 0.000000% 0.000000% 0.000000% 10.~~192843~~840336% 10.~~180327~~736990% 0.000000% 0.000000% 0.000000% 10.~~180327~~736990% 60 Days 0.~~397614~~420168% 0.000000% 0.000000% 0.000000% 0.~~397614~~420168% 0.~~897104~~344497% 0.000000% 0.000000% 0.000000% 0.~~897104~~344497% 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~~210084% 0.000000% 0.000000% 0.000000% 0.~~000000~~210084% 0.~~000000~~743189% 0.000000% 0.000000% 0.000000% 0.~~000000~~743189% 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.~~590457~~470588% 0.000000% 0.000000% 0.000000% 1.~~590457~~470588% 21.~~077431~~824676% 0.000000% 0.000000% 0.000000% 21.~~077431~~824676% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 1,~~073~~194,~~988~~829.2755 0.00 0.00 0.00 1,~~073~~194,~~988~~829.2755 60 Days 12 0 0 0 12 ~~332~~526,~~499~~453.8040 0.00 0.00 0.00 ~~332~~526,~~499~~453.8040 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 0 0 1 0 1 ~~311,920~~0.00 0.00 0332,499.0080 0.00 ~~311~~332,~~920~~499.0080 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 01 0 0 0 01 0311,920.00 0.00 0.00 0.00 0311,920.00 Totals 67 0 01 0 68 12,~~718~~033,~~408~~202.0795 0.00 0332,499.0080 0.00 12,~~718~~365,~~408~~702.0775 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~796813~~823045% 0.000000% 0.000000% 0.000000% 0.~~796813~~823045% 0.~~800356~~923135% 0.000000% 0.000000% 0.000000% 0.~~800356~~923135% 60 Days 0.~~199203~~411523% 0.000000% 0.000000% 0.000000% 0.~~199203~~411523% 0.~~247785~~406742% 0.000000% 0.000000% 0.000000% 0.~~247785~~406742% 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.~~199203~~000000% 0.000000% 0.~~000000~~205761% 0.000000% 0.~~199203~~205761% 0.~~232449~~000000% 0.000000% 0.~~000000~~256892% 0.000000% 0.~~232449~~256892% 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~~205761% 0.000000% 0.000000% 0.000000% 0.~~000000~~205761% 0.~~000000~~240992% 0.000000% 0.000000% 0.000000% 0.~~000000~~240992% Totals 1.~~195219~~440329% 0.000000% 0.~~000000~~205761% 0.000000% 1.~~195219~~646091% 1.~~280590~~570868% 0.000000% 0.~~000000~~256892% 0.000000% 1.~~280590~~827760% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3-AX 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 03 0 0 03 0988,868.0067 0.00 0.00 0988,868.0067 30 Days 711 0 0 0 711 53,~~135~~427,~~154~~983.6153 0.00 0.00 0.00 53,~~135~~427,~~154~~983.6153 60 Days 01 0 0 0 01 0449,999.0099 0.00 0.00 0.00 0449,999.0099 90 Days 10 0 10 0 20 ~~91,300~~0.00 0.00 ~~111,765~~0.5200 0.00 ~~203,065~~0.5200 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 1 0 1 1 0.00 0.00 0111,765.0052 ~~68,000~~0.00 68111,~~000~~765.0052 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 812 03 1 10 1016 53,~~226~~877,~~454~~983.6152 0988,868.0067 111,765.52 ~~68,000~~0.00 54,~~406~~978,~~220~~617.1371 0-29 Days 0.~~000000~~261552% 0.000000% 0.000000% 0.~~000000~~261552% 0.~~000000~~292576% 0.000000% 0.000000% 0.~~000000~~292576% 30 Days 0.~~586265~~959024% 0.000000% 0.000000% 0.000000% 0.~~586265~~959024% 1.~~438152~~014236% 0.000000% 0.000000% 0.000000% 1.~~438152~~014236% 60 Days 0.~~000000~~087184% 0.000000% 0.000000% 0.000000% 0.~~000000~~087184% 0.~~000000~~133141% 0.000000% 0.000000% 0.000000% 0.~~000000~~133141% 90 Days 0.~~083752~~000000% 0.000000% 0.~~083752~~000000% 0.000000% 0.~~167504~~000000% 0.~~025569~~000000% 0.000000% 0.~~031301~~000000% 0.000000% 0.~~056871~~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~~087184% 0.~~083752~~000000% 0.~~083752~~087184% 0.000000% 0.000000% 0.~~000000~~033068% 0.~~019044~~000000% 0.~~019044~~033068% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~670017~~046207% 0.~~000000~~261552% 0.~~083752~~087184% 0.~~083752~~000000% 01.~~837521~~394943% 1.~~463721~~147377% 0.~~000000~~292576% 0.~~031301~~033068% 0.~~019044~~000000% 1.~~514067~~473022% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3-PAX 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 211 0 0 0 211 ~~732~~5,~~800~~149,063.0054 0.00 0.00 0.00 ~~732~~5,~~800~~149,063.0054 60 Days 01 0 0 0 01 0650,000.00 0.00 0.00 0.00 0650,000.00 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 212 0 0 0 212 ~~732~~5,~~800~~799,063.0054 0.00 0.00 0.00 ~~732~~5,~~800~~799,063.0054 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~333333~~867572% 0.000000% 0.000000% 0.000000% 01.~~333333~~867572% 02.~~345324~~496231% 0.000000% 0.000000% 0.000000% 02.~~345324~~496231% 60 Days 0.~~000000~~169779% 0.000000% 0.000000% 0.000000% 0.~~000000~~169779% 0.~~000000~~315116% 0.000000% 0.000000% 0.000000% 0.~~000000~~315116% 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 02.~~333333~~037351% 0.000000% 0.000000% 0.000000% 02.~~333333~~037351% 02.~~345324~~811347% 0.000000% 0.000000% 0.000000% 02.~~345324~~811347% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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 1 0 0 0 1 ~~464~~947,~~000~~661.0021 0.00 0.00 0.00 ~~464~~947,~~000~~661.0021 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 1 0 0 0 1 ~~464~~947,~~000~~661.0021 0.00 0.00 0.00 ~~464~~947,~~000~~661.0021 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~363636~~370370% 0.000000% 0.000000% 0.000000% 0.~~363636~~370370% 0.~~455129~~955482% 0.000000% 0.000000% 0.000000% 0.~~455129~~955482% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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.~~363636~~370370% 0.000000% 0.000000% 0.000000% 0.~~363636~~370370% 0.~~455129~~955482% 0.000000% 0.000000% 0.000000% 0.~~455129~~955482% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 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 02 0 0 0 02 0582,754.0072 0.00 0.00 0.00 0582,754.0072 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 02 0 0 0 02 0582,754.0072 0.00 0.00 0.00 0582,754.0072 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~760456% 0.000000% 0.000000% 0.000000% 0.~~000000~~760456% 0.~~000000~~512202% 0.000000% 0.000000% 0.000000% 0.~~000000~~512202% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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.~~000000~~760456% 0.000000% 0.000000% 0.000000% 0.~~000000~~760456% 0.~~000000~~512202% 0.000000% 0.000000% 0.000000% 0.~~000000~~512202%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00 Class B-1 30,165,363.00 2.50040421% 30,~~135~~121,~~194~~856.0968 2.~~67872709~~78840924% 4.~~285113~~460729% 0.000000% Class B-2 19,309,363.00 1.60055135% 19,~~290~~281,~~051~~124.3670 1.~~71469887~~78487226% 01.~~964028~~003537% 0.000000% Class B-3 13,279,363.00 1.10072520% 13,~~266~~259,~~082~~605.0737 1.~~17922630~~22745442% 0.~~535473~~557418% 0.000000% Class B-4 7,249,363.00 0.60089904% 7,~~242~~238,~~112~~086.7804 0.~~64375373~~67003659% 0.~~535473~~557418% 0.000000% Class B-5 3,028,363.00 0.25102073% 3,~~025~~023,~~334~~022.2851 0.~~26892294~~27984410% 0.~~374831~~390192% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~268923~~279844% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 344,042.00 0.02851761% 344,042.00 0.~~03058200~~03184830% Fraud 24,128,390.00 2.00000006% 24,128,390.00 2.~~14478035~~23358827% Special Hazard 12,064,195.00 1.00000003% 1110,~~249~~802,~~818~~523.6861 1.00000000% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 5.~~149584~~141464% Weighted Average Net Coupon 4.~~898640~~890489% Weighted Average Pass-Through Rate 4.~~893640~~885489% Weighted Average Maturity(Stepdown Calculation ) ~~354~~352 Beginning Scheduled Collateral Loan Count 3,~~379~~295 Number Of Loans Paid In Full 4064 Ending Scheduled Collateral Loan Count 3,~~339~~231 Beginning Scheduled Collateral Balance 1,~~141~~106,~~500~~147,~~959~~135.1272 Ending Scheduled Collateral Balance 1,~~124~~080,~~981~~252,~~868~~361.10 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 1,~~125~~080,~~143~~407,~~261~~244.9761 Monthly P &I Constant 54,~~131~~964,~~093~~038.8965 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 01,082.0022 Ending Scheduled Balance for Premium Loans 1,~~124~~080,~~981~~252,~~868~~361.10 Scheduled Principal ~~232~~224,~~547~~692.5660 Unscheduled Principal 1625,~~286~~670,~~543~~082.4602

Group Level Collateral Statement Group 1 2 3-AX Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~794250~~781120 4.~~955247~~944190 5.~~236206~~221170 Weighted Average Net Rate 4.~~543280~~530102 4.~~705247~~694190 4.~~983838~~968712 Weighted Average Maturity ~~354~~352 ~~354~~352 ~~354~~352 Beginning Loan Count ~~512~~490 ~~510~~495 1,~~208~~179 Loans Paid In Full 14 9 832 14 Ending Loan Count ~~503~~476 ~~502~~486 1,~~194~~147 Beginning Scheduled Balance ~~209~~199,~~081~~451,~~825~~597.4090 ~~136~~132,~~363~~154,~~410~~940.9926 ~~363~~350,~~668~~179,~~503~~953.0454 Ending scheduled Balance ~~205~~193,~~071~~730,~~615~~715.7010 ~~134~~129,~~169~~413,~~754~~770.5701 ~~357~~337,~~018~~943,~~237~~148.8831 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant ~~888~~844,~~806~~780.6204 ~~588~~569,~~976~~130.0204 1,~~652~~587,~~517~~970.9221 Scheduled Principal 5350,~~481~~111.1276 2524,~~880~~630.7172 6564,~~648~~345.6991 Unscheduled Principal 35,~~956~~670,~~728~~771.5804 2,~~167~~716,~~775~~539.7153 612,~~584~~172,~~616~~459.4732 Scheduled Interest ~~835~~794,~~325~~668.5028 ~~563~~544,~~095~~499.3132 1,~~586~~523,~~869~~624.2330 Servicing Fees 4341,~~727~~721.8453 2827,~~409~~532.0429 7673,~~481~~671.8650 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~871~~831.1504 ~~568~~550.1866 1,~~515~~459.2908 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 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 ~~790~~752,~~726~~115.5171 ~~534~~516,~~118~~416.0937 1,~~508~~448,~~872~~493.0872 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 01,082.0022 Percentage of Cumulative Losses 0.0000 0.0000 0.~~0000~~0003 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~538280~~525102 4.~~700247~~689190 4.~~978838~~963712

Group Level Collateral Statement Group 3-PAX 4 5 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~258753~~252541 5.~~261251~~259053 5.~~448491~~446925 Weighted Average Net Rate 5.~~008753~~002541 5.~~011112~~008913 5.~~198491~~196925 Weighted Average Maturity ~~355~~353 ~~355~~353 ~~354~~352 Beginning Loan Count ~~606~~594 ~~277~~273 ~~266~~264 Loans Paid In Full 65 23 1 Ending Loan Count ~~600~~589 ~~275~~270 ~~265~~263 Beginning Scheduled Balance ~~214~~209,~~266~~144,~~605~~749.0030 ~~103~~100,~~053~~820,~~655~~460.9844 ~~115~~114,~~066~~395,~~958~~434.7128 Ending scheduled Balance ~~212~~206,~~189~~254,~~061~~023.9140 ~~101~~99,~~923~~156,~~611~~415.0246 ~~114~~113,~~609~~754,~~587~~288.0282 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant ~~966~~942,~~855~~833.0532 ~~486~~475,~~248~~778.1195 ~~547~~543,~~690~~546.1709 Scheduled Principal 27,~~875~~382.7813 3433,~~422~~928.1779 2524,~~239~~293.0929 Unscheduled Principal 2,~~049~~863,~~667~~343.3177 1,~~095~~630,~~622~~116.7919 ~~432~~616,~~132~~852.6017 Scheduled Interest ~~938~~915,~~979~~451.2719 ~~451~~441,~~825~~850.9416 ~~522~~519,~~451~~252.0880 Servicing Fees 4443,~~638~~571.8982 21,~~481~~016.4404 23,~~972~~832.2736 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~892~~871.7744 ~~429~~420.4009 ~~479~~476.4464 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 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 ~~893~~871,~~447~~007.6193 ~~429~~420,~~915~~414.1003 ~~497~~494,~~999~~943.3780 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 54.~~003753~~997541 5.~~006112~~003913 5.~~193491~~191925

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 5.~~149584~~141464 Weighted Average Net Rate 4.~~898640~~890489 Weighted Average Maturity ~~354~~352.00 Record Date 0810/31/2004 Principal And Interest Constant 54,~~131~~964,~~093~~038.8965 Beginning Loan Count 3,~~379~~295 Loans Paid In Full 4064 Ending Loan Count 3,~~339~~231 Beginning Scheduled Balance 1,~~141~~106,~~500~~147,~~959~~135.1272 Ending Scheduled Balance 1,~~124~~080,~~981~~252,~~868~~361.10 Scheduled Principal ~~232~~224,~~547~~692.5660 Unscheduled Principal 1625,~~286~~670,~~543~~082.4602 Scheduled Interest 4,~~898~~739,~~546~~346.3305 Servicing Fee ~~238~~231,~~711~~345.3454 Master Servicing Fee 0.00 Trustee Fee 4,~~756~~608.2395 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 4,~~655~~503,~~078~~391.7656 Realized Loss Amount 0.00 Cumulative Realized Loss 01,082.0022 Percentage of Cumulative Losses 0.~~0000~~0001 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 4.~~893640~~885489

Filing Compare · STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST 2004-5