8-K 1 srm049xs_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 2004-9XS Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-92140-48 54-2155165 Pooling and Servicing Agreement) (Commission 54-2155166 (State or other File Number) 54-6621669 jurisdiction IRS EIN of Incorporation) 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 2004-9XS 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 2004-9XS 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 2004-9XS 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: 11/26/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-9XS 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: 2004-9XS 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 R SRM049XSR SEN 0.00000% 0.00 0.00 0.00 A 86359BVG3 SEN 12.~~98500~~30250% ~~269~~255,~~273~~640,~~242~~459.2534 ~~489~~523,~~965~~210.1081 67,~~911~~807,~~926~~010.9159 M1 86359BVH1 MEZ 2.~~26500~~58250% 16,371,000.00 3337,~~990~~580.2954 0.00 M2 86359BVJ7 MEZ 23.~~71500~~03250% 3,453,000.00 89,~~593~~307.6575 0.00 M3 86359BVK4 MEZ 34.~~71500~~03250% 1,051,593.00 3,~~581~~769.1138 0.00 CX SRM049XCX SEN 0.00000% 0.00 0.00 0.00 X SRM049XSX SEN 0.00000% 0.00 ~~748~~649,~~555~~272.4249 0.00 P SRM049XSP SEN 0.00000% 0.01 47,~~932~~278.9785 0.00 Totals ~~290~~276,~~148~~516,~~835~~052.2635 1,~~289~~230,~~618~~419.5482 67,~~911~~807,~~926~~010.9159

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 A 0.00 ~~262~~247,~~361~~833,~~315~~448.3475 78,~~401~~330,~~892~~221.0140 0.00 M1 0.00 16,371,000.00 3337,~~990~~580.2954 0.00 M2 0.00 3,453,000.00 89,~~593~~307.6575 0.00 M3 0.00 1,051,593.00 3,~~581~~769.1138 0.00 CX 0.00 0.00 0.00 0.00 X 0.00 0.00 ~~748~~649,~~555~~272.4249 0.00 P 0.00 0.01 47,~~932~~278.9785 0.00 Totals 0.00 ~~283~~268,~~236~~709,~~908~~041.3576 89,~~201~~037,~~545~~430.4541 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) R 0.00 0.00 0.00 0.00 0.00 0.00 A 279,496,000.00 ~~269~~255,~~273~~640,~~242~~459.2534 0.00 67,~~911~~807,~~926~~010.9159 0.00 0.00 M1 16,371,000.00 16,371,000.00 0.00 0.00 0.00 0.00 M2 3,453,000.00 3,453,000.00 0.00 0.00 0.00 0.00 M3 1,051,593.00 1,051,593.00 0.00 0.00 0.00 0.00 CX 0.00 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.01 0.00 0.00 0.00 0.00 Totals 300,371,593.00 ~~290~~276,~~148~~516,~~835~~052.2635 0.00 67,~~911~~807,~~926~~010.9159 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 R 0.00 0.00 0.00000000 0.00 A 67,~~911~~807,~~926~~010.9159 ~~262~~247,~~361~~833,~~315~~448.3475 0.~~93869435~~88671555 67,~~911~~807,~~926~~010.9159 M1 0.00 16,371,000.00 1.00000000 0.00 M2 0.00 3,453,000.00 1.00000000 0.00 M3 0.00 1,051,593.00 1.00000000 0.00 CX 0.00 0.00 0.00000000 0.00 X 0.00 0.00 0.00000000 0.00 P 0.00 0.01 0.00000000 0.00 Totals 67,~~911~~807,~~926~~010.9159 ~~283~~268,~~236~~709,~~908~~041.3576 0.~~94295504~~89458873 67,~~911~~807,~~926~~010.9159

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A 279,496,000.00 ~~963~~914.~~42431466~~64800691 0.00000000 2427.~~72996719~~93245910 0.00000000 M1 16,371,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 3,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 1,051,593.00 1000.00000000 0.00000000 0.00000000 0.00000000 CX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per 1,000 Denominations

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A 0.00000000 2427.~~72996719~~93245910 ~~938~~886.~~69434747~~71554781 0.~~93869435~~88671555 2427.~~72996719~~93245910 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 CX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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 R 0.00 0.00000% 0.00 0.00 0.00 0.00 A 279,496,000.00 12.~~98500~~30250% ~~269~~255,~~273~~640,~~242~~459.2534 ~~489~~523,~~965~~210.1081 0.00 0.00 M1 16,371,000.00 2.~~26500~~58250% 16,371,000.00 3337,~~990~~580.2954 0.00 0.00 M2 3,453,000.00 23.~~71500~~03250% 3,453,000.00 89,~~593~~307.6575 0.00 0.00 M3 1,051,593.00 34.~~71500~~03250% 1,051,593.00 3,~~581~~769.1138 0.00 0.00 CX 0.00 0.00000% 0.00 0.00 0.00 0.00 X 0.00 0.00000% ~~290~~276,~~148~~516,~~835~~052.2635 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 Totals 300,371,593.00 ~~536~~573,~~130~~868.1548 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 R 0.00 0.00 0.00 0.00 0.00 A 0.00 0.00 ~~489~~523,~~965~~210.1081 0.00 ~~262~~247,~~361~~833,~~315~~448.3475 M1 0.00 0.00 3337,~~990~~580.2954 0.00 16,371,000.00 M2 0.00 0.00 89,~~593~~307.6575 0.00 3,453,000.00 M3 0.00 0.00 3,~~581~~769.1138 0.00 1,051,593.00 CX 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 ~~748~~649,~~555~~272.4249 0.00 ~~283~~268,~~236~~709,~~908~~041.3576 P 0.00 0.00 47,~~932~~278.9785 0.00 0.01 Totals 0.00 0.00 1,~~289~~230,~~618~~419.5482 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 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A 279,496,000.00 12.~~98500~~30250% ~~963~~914.~~42431466~~64800691 1.~~75303081~~87197960 0.00000000 0.00000000 M1 16,371,000.00 2.~~26500~~58250% 1000.00000000 2.~~07625008~~29555556 0.00000000 0.00000000 M2 3,453,000.00 23.~~71500~~03250% 1000.00000000 2.~~48874891~~69555459 0.00000000 0.00000000 M3 1,051,593.00 34.~~71500~~03250% 1000.00000000 3.~~40541445~~58444760 0.00000000 0.00000000 CX 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000% ~~965~~920.~~96597490~~57959786 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are Per 1,000 Denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A 0.00000000 0.00000000 1.~~75303081~~87197960 0.00000000 ~~938~~886.~~69434747~~71554781 M1 0.00000000 0.00000000 2.~~07625008~~29555556 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~48874891~~69555459 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~40541445~~58444760 0.00000000 1000.00000000 CX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 2.~~49209708~~16156351 0.00000000 ~~942~~894.~~95472893~~58843167 P 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 89,~~265~~097,~~046~~949.7555 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 89,~~265~~097,~~046~~949.7555 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 6360,~~501~~519.3014 Payment of Interest and Principal 89,~~201~~037,~~545~~430.4541 Total Withdrawals (Pool Distribution Amount) 89,~~265~~097,~~046~~949.7555 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6057,~~478~~638.9276 Wells Fargo Bank, N.A. 32,~~022~~880.38 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6360,~~501~~519.3014

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 01 0 0 01 0176,587.0098 0.00 0.00 0176,587.0098 30 Days 17 0 0 0 17 54,~~347~~950,~~695~~316.3295 0.00 0.00 0.00 54,~~347~~950,~~695~~316.3295 60 Days 24 0 0 0 24 ~~491~~1,~~050~~013,074.9906 0.00 0.00 0.00 ~~491~~1,~~050~~013,074.9906 90 Days 10 0 0 0 10 ~~236,000~~0.00 0.00 0.00 0.00 ~~236,000~~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 2021 01 0 0 2022 65,~~074~~963,~~746~~391.3101 0176,587.0098 0.00 0.00 6,~~074~~139,~~746~~978.3199 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~~097182% 0.000000% 0.000000% 0.~~000000~~097182% 0.~~000000~~065703% 0.000000% 0.000000% 0.~~000000~~065703% 30 Days 1.~~579926~~652089% 0.000000% 0.000000% 0.000000% 1.~~579926~~652089% 1.~~887695~~841852% 0.000000% 0.000000% 0.000000% 1.~~887695~~841852% 60 Days 0.~~185874~~388727% 0.000000% 0.000000% 0.000000% 0.~~185874~~388727% 0.~~173337~~376932% 0.000000% 0.000000% 0.000000% 0.~~173337~~376932% 90 Days 0.~~092937~~000000% 0.000000% 0.000000% 0.000000% 0.~~092937~~000000% 0.~~083306~~000000% 0.000000% 0.000000% 0.000000% 0.~~083306~~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 12.~~858736~~040816% 0.~~000000~~097182% 0.000000% 0.000000% 12.~~858736~~137998% 2.~~144339~~218784% 0.~~000000~~065703% 0.000000% 0.000000% 2.~~144339~~284487%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 5.~~575841~~570714% Weighted Average Net Coupon 5.~~325711~~320578% Weighted Average Pass-Through Rate 5.~~313211~~308078% Weighted Average Maturity(Stepdown Calculation ) ~~357~~355 Beginning Scheduled Collateral Loan Count 1,~~101~~054 Number Of Loans Paid In Full 25 Ending Scheduled Collateral Loan Count 1,~~076~~029 Beginning Scheduled Collateral Balance ~~290~~276,~~148~~516,~~836~~053.1423 Ending Scheduled Collateral Balance ~~283~~268,~~236~~709,~~909~~042.2364 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~283~~268,~~292~~768,~~315~~406.9699 Monthly P &I Constant 1,~~424~~357,~~936~~709.2092 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 7674,~~749~~050.8413 Unscheduled Principal 67,~~835~~732,~~177~~960.0746

Filing Compare · Structured Adjustable Rate Mortgage Loan Trust