8-K 1 sai04002_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 ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106925-24 54-2144783 Pooling and Servicing Agreement) (Commission 54-2144784 (State or other File Number) 54-2144785 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 ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the November 26, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/26/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the November 26, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report EX-99.1

Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 810/31/042004 Distribution Date: 911/2726/042004 SAIL Series: 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A1 86358EGH3 SEN 12.~~72500~~04250% ~~254~~199,~~727~~353,~~446~~930.6054 ~~402~~361,~~787~~938.7811 2630,~~483~~075,~~043~~152.7391 1-A2 86358EGJ9 SEN 2.50900% 247,338,000.00 517,142.5450 0.00 2-A 86358EGK6 SEN 12.~~85500~~17250% ~~406~~358,~~592~~665,~~868~~937.1276 ~~691~~692,~~377~~623.2973 2326,~~480~~547,~~628~~738.4844 3-A1 86358EGL4 SEN 12.~~72500~~04250% ~~122~~93,~~789~~127,~~732~~638.0794 ~~194~~169,~~161~~078.2639 1415,~~590~~653,~~999~~190.6881 3-A2 86358EGM2 SEN 2.31700% 133,583,000.00 257,926.5149 0.00 A-SIO 86358EGN0 SEN 0.00000% 0.00 0.00 0.00 A4 86358EGW0 SEN 2.~~08500~~40250% 57,867,000.00 ~~110~~123,~~598~~578.3019 0.00 M1 86358EGP5 MEZ 2.~~21500~~53250% 86,801,000.00 ~~176~~195,~~242~~398.2069 0.00 M2 86358EGQ3 MEZ 23.~~76500~~08250% 22,320,000.00 5661,~~571~~156.9080 0.00 M3 86358EGR1 MEZ 3.~~01500~~33250% 20,667,000.00 5761,~~118~~220.4224 0.00 M4 86358EGS9 MEZ 3.~~26500~~58250% 20,667,000.00 6165,~~854~~812.6191 0.00 M5 86358EGT7 MEZ 3.~~36500~~68250% 20,667,000.00 6367,~~749~~649.0898 0.00 M6 86358EGU4 MEZ 4.~~36500~~68250% 12,399,000.00 4951,~~611~~607.5039 0.00 B SAI04002B SUB 4.~~61500~~93250% 6,613,000.00 2728,~~975~~994.7533 0.00 X SAI04002X MEZ 0.00000% 8,272,173.00 54,~~063~~215,~~607~~580.2498 0.00 P SAI04002P MEZ 0.00000% 100.00 1,~~170~~212,~~527~~684.6179 0.00 R SAI0402R1 RES 0.00000% 0.00 0.00 0.00 Totals 1,~~421~~288,~~304~~341,~~319~~780.7924 8,~~901~~082,~~251~~393.9952 6472,~~554~~276,~~671~~082.8916

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 ~~228~~169,~~244~~278,~~402~~777.8663 2630,~~885~~437,~~831~~091.5102 0.00 1-A2 0.00 247,338,000.00 517,142.5450 0.00 2-A 0.00 ~~383~~332,~~112~~118,~~239~~199.6432 2427,~~172~~240,~~005~~362.7717 0.00 3-A1 0.00 ~~108~~77,~~198~~474,~~732~~448.3913 1415,~~785~~822,~~160~~269.9420 0.00 3-A2 0.00 133,583,000.00 257,926.5149 0.00 A-SIO 0.00 0.00 0.00 0.00 A4 0.00 57,867,000.00 ~~110~~123,~~598~~578.3019 0.00 M1 0.00 86,801,000.00 ~~176~~195,~~242~~398.2069 0.00 M2 0.00 22,320,000.00 5661,~~571~~156.9080 0.00 M3 0.00 20,667,000.00 5761,~~118~~220.4224 0.00 M4 0.00 20,667,000.00 6165,~~854~~812.6191 0.00 M5 0.00 20,667,000.00 6367,~~749~~649.0898 0.00 M6 0.00 12,399,000.00 4951,~~611~~607.5039 0.00 B 0.00 6,613,000.00 2728,~~975~~994.7533 0.00 X 0.00 8,272,173.00 54,~~063~~215,~~607~~580.2498 0.00 P 0.00 100.00 1,~~170~~212,~~527~~684.6179 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1,~~356~~216,~~749~~065,~~647~~698.8908 7380,~~455~~358,~~923~~475.8868 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A1 340,745,000.00 ~~254~~199,~~727~~353,~~446~~930.6054 0.00 2630,~~483~~075,~~043~~152.7391 0.00 0.00 1-A2 247,338,000.00 247,338,000.00 0.00 0.00 0.00 0.00 2-A 489,929,000.00 ~~406~~358,~~592~~665,~~868~~937.1276 0.00 2326,~~480~~547,~~628~~738.4844 0.00 0.00 3-A1 185,493,000.00 ~~122~~93,~~789~~127,~~732~~638.0794 0.00 1415,~~590~~653,~~999~~190.6881 0.00 0.00 3-A2 133,583,000.00 133,583,000.00 0.00 0.00 0.00 0.00 A-SIO 0.00 0.00 0.00 0.00 0.00 0.00 A4 57,867,000.00 57,867,000.00 0.00 0.00 0.00 0.00 M1 86,801,000.00 86,801,000.00 0.00 0.00 0.00 0.00 M2 22,320,000.00 22,320,000.00 0.00 0.00 0.00 0.00 M3 20,667,000.00 20,667,000.00 0.00 0.00 0.00 0.00 M4 20,667,000.00 20,667,000.00 0.00 0.00 0.00 0.00 M5 20,667,000.00 20,667,000.00 0.00 0.00 0.00 0.00 M6 12,399,000.00 12,399,000.00 0.00 0.00 0.00 0.00 B 6,613,000.00 6,613,000.00 0.00 0.00 0.00 0.00 X 8,272,173.89 8,272,173.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,653,361,273.89 1,~~421~~288,~~304~~341,~~319~~780.7924 0.00 6472,~~554~~276,~~671~~082.8916 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 2630,~~483~~075,~~043~~152.7391 ~~228~~169,~~244~~278,~~402~~777.8663 0.~~66983933~~49679020 2630,~~483~~075,~~043~~152.7391 1-A2 0.00 247,338,000.00 1.00000000 0.00 2-A 2326,~~480~~547,~~628~~738.4844 ~~383~~332,~~112~~118,~~239~~199.6432 0.~~78197502~~67789047 2326,~~480~~547,~~628~~738.4844 3-A1 1415,~~590~~653,~~999~~190.6881 ~~108~~77,~~198~~474,~~732~~448.3913 0.~~58330359~~41766777 1415,~~590~~653,~~999~~190.6881 3-A2 0.00 133,583,000.00 1.00000000 0.00 A-SIO 0.00 0.00 0.00000000 0.00 A4 0.00 57,867,000.00 1.00000000 0.00 M1 0.00 86,801,000.00 1.00000000 0.00 M2 0.00 22,320,000.00 1.00000000 0.00 M3 0.00 20,667,000.00 1.00000000 0.00 M4 0.00 20,667,000.00 1.00000000 0.00 M5 0.00 20,667,000.00 1.00000000 0.00 M6 0.00 12,399,000.00 1.00000000 0.00 B 0.00 6,613,000.00 1.00000000 0.00 X 0.00 8,272,173.00 0.99999989 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 6472,~~554~~276,~~671~~082.8916 1,~~356~~216,~~749~~065,~~647~~698.8908 0.~~82060084~~73551118 6472,~~554~~276,~~671~~082.8916

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 340,745,000.00 ~~747~~585.~~56033573~~05313516 0.00000000 7788.~~72100465~~26293243 0.00000000 1-A2 247,338,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A 489,929,000.00 ~~829~~732.~~90161456~~07737807 0.00000000 4754.~~92659442~~18690961 0.00000000 3-A1 185,493,000.00 ~~661~~502.~~96423622~~05473490 0.00000000 7884.~~66064854~~38696237 0.00000000 3-A2 133,583,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-SIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A4 57,867,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 86,801,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 22,320,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 20,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 20,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 20,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 12,399,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 6,613,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 8,272,173.89 999.99989241 0.00000000 0.00000000 0.00000000 P 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A1 0.00000000 7788.~~72100465~~26293243 ~~669~~496.~~83933105~~79020273 0.~~66983933~~49679020 7788.~~72100465~~26293243 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A 0.00000000 4754.~~92659442~~18690961 ~~781~~677.~~97502014~~89046846 0.~~78197502~~67789047 4754.~~92659442~~18690961 3-A1 0.00000000 7884.~~66064854~~38696237 ~~583~~417.~~30358768~~66777253 0.~~58330359~~41766777 7884.~~66064854~~38696237 3-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.99989241 0.99999989 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A1 340,745,000.00 12.~~72500~~04250% ~~254~~199,~~727~~353,~~446~~930.6054 ~~402~~361,~~787~~938.7714 0.00 0.00 1-A2 247,338,000.00 2.50900% 247,338,000.00 517,142.54 0.00 0.00 2-A 489,929,000.00 12.~~85500~~17250% ~~406~~358,~~592~~665,~~868~~937.1276 ~~691~~692,~~377~~623.2978 0.00 0.00 3-A1 185,493,000.00 12.~~72500~~04250% ~~122~~93,~~789~~127,~~732~~638.0794 ~~194~~169,~~161~~078.2640 0.00 0.00 3-A2 133,583,000.00 2.31700% 133,583,000.00 257,926.51 0.00 0.00 A-SIO 0.00 0.00000% 1,~~092~~004,~~976~~849,~~783~~374.3100 0.00 0.00 0.00 A4 57,867,000.00 2.~~08500~~40250% 57,867,000.00 ~~110~~123,~~598~~578.3019 0.00 0.00 M1 86,801,000.00 2.~~21500~~53250% 86,801,000.00 ~~176~~195,~~242~~398.2070 0.00 0.00 M2 22,320,000.00 23.~~76500~~08250% 22,320,000.00 5661,~~571~~156.9080 0.00 0.00 M3 20,667,000.00 3.~~01500~~33250% 20,667,000.00 5761,~~118~~220.4225 0.00 0.00 M4 20,667,000.00 3.~~26500~~58250% 20,667,000.00 6165,~~854~~812.6191 0.00 0.00 M5 20,667,000.00 3.~~36500~~68250% 20,667,000.00 6367,~~749~~649.0898 0.00 0.00 M6 12,399,000.00 4.~~36500~~68250% 12,399,000.00 4951,~~611~~607.5039 0.00 0.00 B 6,613,000.00 4.~~61500~~93250% 6,613,000.00 2728,~~975~~994.7533 0.00 0.00 X 8,272,173.89 0.00000% 8,272,173.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,653,361,273.89 2,~~667~~654,~~117~~127.1392 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 0.0002 0.00 ~~402~~361,~~787~~938.7811 0.00 ~~228~~169,~~244~~278,~~402~~777.8663 1-A2 0.0003 0.00 517,142.5450 0.00 247,338,000.00 2-A 0.0004 0.00 ~~691~~692,~~377~~623.2973 0.00 ~~383~~332,~~112~~118,~~239~~199.6432 3-A1 0.0001 0.00 ~~194~~169,~~161~~078.2639 0.00 ~~108~~77,~~198~~474,~~732~~448.3913 3-A2 0.0002 0.00 257,926.5149 0.00 133,583,000.00 A-SIO 0.00 0.00 0.00 0.00 1950,~~054~~227,~~366,391~~203.0612 A4 0.0001 0.00 ~~110~~123,~~598~~578.3019 0.00 57,867,000.00 M1 0.0001 0.00 ~~176~~195,~~242~~398.2069 0.00 86,801,000.00 M2 0.00 0.00 5661,~~571~~156.9080 0.00 22,320,000.00 M3 0.00 0.00 5761,~~118~~220.4224 0.00 20,667,000.00 M4 0.00 0.00 6165,~~854~~812.6191 0.00 20,667,000.00 M5 0.00 0.00 6367,~~749~~649.0898 0.00 20,667,000.00 M6 0.00 0.00 4951,~~611~~607.5039 0.00 12,399,000.00 B 0.00 0.00 2728,~~975~~994.7533 0.00 6,613,000.00 X 0.00 0.00 54,~~063~~215,~~607~~580.2498 0.00 8,272,173.00 P 0.00 0.00 1,~~170~~212,~~527~~684.6179 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.0014 0.00 8,~~901~~082,~~251~~393.9952 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-A1 340,745,000.00 12.~~72500~~04250% ~~747~~585.~~56033573~~05313516 1.~~18207977~~06219648 0.00000000 0.00000000 1-A2 247,338,000.00 2.50900% 1000.00000000 2.09083335 0.00000000 0.00000000 2-A 489,929,000.00 12.~~85500~~17250% ~~829~~732.~~90161456~~07737807 1.~~41117854~~41372276 0.00000000 0.00000000 3-A1 185,493,000.00 12.~~72500~~04250% ~~661~~502.~~96423622~~05473490 10.~~04673093~~91150825 0.00000000 0.00000000 3-A2 133,583,000.00 2.31700% 1000.00000000 1.93083334 0.00000000 0.00000000 A-SIO 0.00 0.00000% ~~880~~809.~~46933391~~47653465 0.00000000 0.00000000 0.00000000 A4 57,867,000.00 2.~~08500~~40250% 1000.00000000 12.~~91124994~~13555550 0.00000000 0.00000000 M1 86,801,000.00 2.~~21500~~53250% 1000.00000000 2.~~03041670~~25111116 0.00000000 0.00000000 M2 22,320,000.00 23.~~76500~~08250% 1000.00000000 2.~~53458333~~74000000 0.00000000 0.00000000 M3 20,667,000.00 3.~~01500~~33250% 1000.00000000 2.~~76374994~~96222238 0.00000000 0.00000000 M4 20,667,000.00 3.~~26500~~58250% 1000.00000000 23.~~99291673~~18444428 0.00000000 0.00000000 M5 20,667,000.00 3.~~36500~~68250% 1000.00000000 3.~~08458315~~27333333 0.00000000 0.00000000 M6 12,399,000.00 4.~~36500~~68250% 1000.00000000 4.~~00125010~~16222195 0.00000000 0.00000000 B 6,613,000.00 4.~~61500~~93250% 1000.00000000 4.~~23041736~~38444428 0.00000000 0.00000000 X 8,272,173.89 0.00000% 999.99989241 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A1 0.~~00000000~~00000006 0.00000000 1.~~18207980~~06219639 0.00000000 ~~669~~496.~~83933105~~79020273 1-A2 0.~~00000000~~00000012 0.00000000 2.~~09083335~~09083319 0.00000000 1000.00000000 2-A 0.~~00000000~~00000008 0.00000000 1.~~41117854~~41372266 0.00000000 ~~781~~677.~~97502014~~89046846 3-A1 0.~~00000000~~00000005 0.00000000 10.~~04673093~~91150820 0.00000000 ~~583~~417.~~30358768~~66777253 3-A2 0.~~00000000~~00000015 0.00000000 1.~~93083334~~93083319 0.00000000 1000.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 ~~849~~765.~~36595928~~47455112 A4 0.~~00000000~~00000017 0.00000000 12.~~91124994~~13555550 0.00000000 1000.00000000 M1 0.~~00000000~~00000012 0.00000000 2.~~03041670~~25111105 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~53458333~~74000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~76374994~~96222190 0.00000000 1000.00000000 M4 0.00000000 0.00000000 23.~~99291673~~18444428 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.~~08458315~~27333333 0.00000000 1000.00000000 M6 0.00000000 0.00000000 4.~~00125010~~16222195 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.~~23041736~~38444428 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~612~~509.~~12533819~~60981189 0.00000000 999.99989241 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 7481,~~547~~461,~~548~~010.1842 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) (37142,~~027~~510.5745) Prepayment Penalties 0.00 Total Deposits 7481,~~510~~318,~~520~~499.6197 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1960,~~054,596~~024.7229 Payment of Interest and Principal 7380,~~455~~358,~~923~~475.8968 Total Withdrawals (Pool Distribution Amount) 7481,~~510~~318,~~520~~499.6197 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~516~~467,~~837~~083.5986 Credit Risk Fee 1716,~~766~~104.3027 PMI Insurance Premium Fee ~~519~~476,~~992~~836.8316 ~~Wells Fargo Bank, NA 0.00~~ Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1960,~~054,596~~024.7229

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 1018 0 0 1018 1,~~079~~836,~~865~~724.6405 0.00 0.00 1,~~079~~836,~~865~~724.6405 30 Days ~~166~~185 1 0 0 ~~167~~186 2430,~~554~~535,~~020~~876.1658 ~~246~~113,~~957~~980.4244 0.00 0.00 2430,~~800~~649,~~977~~857.5802 60 Days 5553 26 58 0 6267 7,~~692~~786,~~227~~804.7008 ~~205~~731,~~345~~431.8328 ~~502~~1,~~738~~099,677.8874 0.00 89,~~400~~617,~~312~~913.4110 90 Days 2419 23 3435 0 6057 3,~~779~~320,~~680~~766.0082 ~~263~~755,~~248~~153.9398 64,~~192~~060,~~683~~447.8258 0.00 108,~~235~~136,~~612~~368.7538 120 Days 8 3 417 21 0 28 ~~287~~1,~~826~~279,043.4449 ~~277~~254,~~948~~315.8456 32,~~470~~387,~~471~~784.6283 0.00 43,~~036~~921,~~246~~143.9088 150 Days 35 5 4132 26 5148 ~~354~~712,~~023~~517.5287 ~~487~~382,~~389~~293.4167 75,~~213~~691,~~663~~151.3996 ~~108~~865,~~485~~023.0934 87,~~163~~650,~~561~~986.4184 180+ Days 46 321 1848 413 2988 ~~198~~814,~~013~~388.9756 ~~254~~2,~~939~~438,837.7727 38,~~961~~861,~~205~~545.5561 ~~171~~1,~~491~~161,646.6300 413,~~585~~276,~~650~~417.9244 Totals ~~255~~276 2757 ~~119~~140 619 ~~407~~492 3644,~~865~~449,~~791~~397.7940 26,~~815~~512,~~695~~736.8425 2122,~~340~~100,~~763~~607.2672 ~~279~~2,~~976~~026,669.7234 6175,~~302~~089,~~227~~410.6171 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.~~121021~~239234% 0.000000% 0.000000% 0.~~121021~~239234% 0.~~079525~~150898% 0.000000% 0.000000% 0.~~079525~~150898% 30 Days 2.~~008956~~458799% 0.~~012102~~013291% 0.000000% 0.000000% 2.~~021058~~472089% 12.~~808239~~508705% 0.~~018187~~009364% 0.000000% 0.000000% 12.~~826426~~518069% 60 Days 0.~~665618~~704413% 0.~~024204~~079745% 0.~~060511~~106326% 0.000000% 0.~~750333~~890484% 0.~~566481~~639733% 0.~~015122~~060091% 0.~~037023~~090345% 0.000000% 0.~~618627~~790169% 90 Days 0.~~290451~~252525% 0.~~024204~~039872% 0.~~411473~~465178% 0.000000% 0.~~726129~~757576% 0.~~278348~~272821% 0.~~019387~~062040% 0.~~456050~~333590% 0.000000% 0.~~753784~~668451% 120 Days 0.~~036306~~106326% 0.~~048409~~039872% 0.~~254145~~225944% 0.000000% 0.~~338860~~372142% 0.~~021196~~105081% 0.~~020469~~020894% 0.~~255577~~196171% 0.000000% 0.~~297243~~322145% 150 Days 0.~~036306~~066454% 0.~~060511~~066454% 0.~~496188~~425306% 0.~~024204~~079745% 0.~~617209~~637959% 0.~~026071~~058538% 0.~~035893~~031408% 0.~~531238~~467562% 0.~~007989~~071067% 0.~~601192~~628574% 180+ Days 0.~~048409~~079745% 0.~~036306~~279107% 0.~~217839~~637959% 0.~~048409~~172780% 01.~~350962~~169591% 0.~~014582~~066907% 0.~~018775~~200365% 0.~~291716~~728029% 0.~~012629~~095436% 01.~~337702~~090737% Totals 3.~~086046~~668262% 0.~~326758~~757576% 1.~~440155~~860712% 0.~~072613~~252525% 46.~~925572~~539075% 23.~~714919~~651784% 0.~~207357~~535060% 1.~~571604~~815697% 0.~~020618~~166503% 46.~~514499~~169044%

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 03 0 0 03 0205,792.0010 0.00 0.00 0205,792.0010 30 Days 1917 0 0 0 1917 2,~~610~~062,~~141~~250.6153 0.00 0.00 0.00 2,~~610~~062,~~141~~250.6153 60 Days 65 01 1 0 7 ~~729~~620,~~283~~266.9319 060,931.0086 44133,~~651~~337.5308 0.00 ~~773~~814,~~935~~535.4613 90 Days 2 0 13 0 35 ~~167~~412,~~827~~771.7436 0.00 ~~128~~415,~~849~~529.0353 0.00 ~~296~~828,~~676~~300.7789 120 Days 0 1 2 2 0 53 ~~62,345~~0.8800 ~~141~~52,~~508~~381.2666 99225,~~689~~580.3555 0.00 ~~303~~277,~~543~~962.4921 150 Days 01 0 31 0 32 053,875.0016 0.00 ~~303~~113,~~529~~952.2958 0.00 ~~303~~167,~~529~~827.2974 180 Days 21 03 13 12 49 8625,~~744~~000.~~97 0.~~00 44267,~~231~~662.4485 35146,~~525~~491.87 ~~166~~75,~~502~~493.2825 514,647.97 Totals 3026 2 8 110 412 46 3,~~656~~174,~~344~~163.1324 ~~141~~586,~~508~~768.2647 ~~620~~1,~~950~~034,891.6461 3575,~~525~~493.8725 4,~~454~~871,~~328~~316.9057 0-29 Days 0.~~000000~~244300% 0.000000% 0.000000% 0.~~000000~~244300% 0.~~000000~~130658% 0.000000% 0.000000% 0.~~000000~~130658% 30 Days 1.~~445967~~384365% 0.000000% 0.000000% 0.000000% 1.~~445967~~384365% 1.~~523669~~309327% 0.000000% 0.000000% 0.000000% 1.~~523669~~309327% 60 Days 0.~~456621~~407166% 0.~~000000~~081433% 0.~~076104~~081433% 0.000000% 0.~~532725~~570033% 0.~~425719~~393808% 0.~~000000~~038686% 0.~~026065~~084656% 0.000000% 0.~~451784~~517150% 90 Days 0.~~152207~~162866% 0.000000% 0.~~076104~~244300% 0.000000% 0.~~228311~~407166% 0.~~097969~~262069% 0.000000% 0.~~075216~~263820% 0.000000% 0.~~173185~~525890% 120 Days 0.~~076104~~000000% 0.~~152207~~081433% 0.~~152207~~162866% 0.000000% 0.~~380518~~244300% 0.~~036394~~000000% 0.~~082605~~033257% 0.~~058194~~143222% 0.000000% 0.~~177193~~176479% 150 Days 0.~~000000~~081433% 0.000000% 0.~~228311~~081433% 0.000000% 0.~~228311~~162866% 0.~~000000~~034205% 0.000000% 0.~~177185~~072349% 0.000000% 0.~~177185~~106554% 180 Days 0.~~152207~~081433% 0.~~000000~~244300% 0.~~076104~~244300% 0.~~076104~~162866% 0.~~304414~~732899% 0.~~050637~~015873% 0.~~000000~~169940% 0.~~025820~~093008% 0.~~020738~~047931% 0.~~097196~~326751% Totals 2.~~283105~~117264% 0.~~152207~~651466% 0.~~608828~~814332% 0.~~076104~~162866% 3.~~120244~~745928% 2.~~134389~~015282% 0.~~082605~~372540% 0.~~362480~~657055% 0.~~020738~~047931% 23.~~600212~~092808% 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 23 0 0 23 ~~249~~449,~~520~~165.1226 0.00 0.00 ~~249~~449,~~520~~165.1226 30 Days 5566 1 0 0 5667 810,~~649~~547,~~944~~075.6299 ~~246~~113,~~957~~980.4244 0.00 0.00 810,~~896~~661,~~902~~056.0443 60 Days 1722 01 3 0 2026 23,~~019~~074,~~245~~394.6383 0246,844.0049 ~~362~~327,~~143~~453.6708 0.00 23,~~381~~648,~~389~~692.3040 90 Days 5 10 514 0 1119 ~~605~~655,~~160~~493.4029 ~~54,634~~0.3800 ~~993~~1,~~209~~820,708.5754 0.00 12,~~653~~476,~~004~~201.3583 120 Days 02 0 78 0 710 0307,263.0097 0.00 ~~840~~1,~~801~~071,742.8970 0.00 ~~840~~1,~~801~~379,006.8967 150 Days 1 01 136 03 1411 ~~147~~190,~~306~~566.9131 054,634.0038 2908,~~172,677~~995.0737 0580,740.0040 21,~~319~~734,~~983~~936.9846 180 Days 0 02 13 4 119 5 0.00 0241,665.0068 ~~709~~1,~~331~~957,503.8432 59373,~~465~~632.7608 ~~768~~2,~~797~~572,801.6008 Totals 7896 48 3244 17 ~~115~~155 1114,~~421~~774,~~657~~794.5639 ~~551~~1,~~111~~106,290.9225 56,~~078~~086,~~164~~403.0401 59954,~~465~~372.7648 1722,~~110~~921,~~399~~860.2813 0-29 Days 0.~~075959~~125576% 0.000000% 0.000000% 0.~~075959~~125576% 0.~~060469~~122216% 0.000000% 0.000000% 0.~~060469~~122216% 30 Days 2.~~088872~~762662% 0.~~037979~~041859% 0.000000% 0.000000% 2.~~126852~~804521% 2.~~096232~~869817% 0.~~059848~~031014% 0.000000% 0.000000% 2.~~156080~~900831% 60 Days 0.~~645651~~920887% 0.~~000000~~041859% 0.~~113938~~125576% 0.000000% 01.~~759590~~088321% 0.~~489345~~836530% 0.~~000000~~067165% 0.~~087762~~089099% 0.000000% 0.~~577107~~992795% 90 Days 0.~~189897~~209293% 0.~~037979~~000000% 0.~~189897~~586019% 0.000000% 0.~~417774~~795312% 0.~~146655~~178357% 0.~~013240~~000000% 0.~~240695~~495407% 0.000000% 0.~~400590~~673765% 120 Days 0.~~000000~~083717% 0.000000% 0.~~265856~~334868% 0.000000% 0.~~265856~~418585% 0.~~000000~~083605% 0.000000% 0.~~203760~~291617% 0.000000% 0.~~203760~~375222% 150 Days 0.~~037979~~041859% 0.~~000000~~041859% 0.~~493733~~251151% 0.~~000000~~125576% 0.~~531713~~460444% 0.~~035698~~051852% 0.~~000000~~014866% 0.~~526528~~247334% 0.~~000000~~158017% 0.~~562226~~472069% 180 Days 0.000000% 0.~~000000~~083717% 0.~~151918~~544161% 0.~~037979~~167434% 0.~~189897~~795312% 0.000000% 0.~~000000~~065756% 0.~~171900~~532629% 0.~~014411~~101664% 0.~~186311~~700049% Totals 24.~~962400~~018418% 0.~~151918~~334868% 1.~~215344~~841775% 0.~~037979~~293010% 46.~~367641~~488070% 24.~~767930~~020162% 0.~~133557~~301017% 1.~~230645~~656086% 0.~~014411~~259681% 46.~~146543~~236946% 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 34 0 0 34 88174,~~283~~282.4366 0.00 0.00 88174,~~283~~282.4366 30 Days 2012 0 0 0 2012 21,~~473~~281,~~956~~421.7414 0.00 0.00 0.00 21,~~473~~281,~~956~~421.7414 60 Days 69 10 10 0 89 ~~533~~838,~~185~~734.6084 ~~121,824~~0.6800 ~~95,943~~0.6800 0.00 ~~750~~838,~~953~~734.9684 90 Days 32 0 01 0 3 ~~110~~416,~~190~~297.6835 0.00 0109,721.0066 0.00 ~~110~~526,~~190~~019.6801 120 Days 12 0 3 0 45 4961,~~692~~014.2584 0.00 ~~489~~530,~~482~~126.40 0.00 ~~539~~591,~~174~~141.6524 150 Days 0 1 2 1 40 0~~.00~~ 432 24,~~695~~884.0811 ~~103~~35,~~829~~843.0399 ~~25,373~~0.0100 ~~172~~0.00 60,~~897~~728.1210 180 Days 12 02 14 0 28 3080,~~342~~035.9924 0128,849.0017 ~~133~~507,~~890~~195.3776 0.00 ~~164~~716,~~233~~080.3617 Totals 3128 5 7 18 440 343 2,~~197~~702,~~368~~387.2652 ~~253~~338,~~803~~975.1982 ~~823~~1,~~145~~147,043.4882 ~~25,373~~0.0100 4,~~299~~188,~~689~~407.9416 0-29 Days 0.~~258398~~373832% 0.000000% 0.000000% 0.~~258398~~373832% 0.~~065083~~139029% 0.000000% 0.000000% 0.~~065083~~139029% 30 Days 1.~~722653~~121495% 0.000000% 0.000000% 0.000000% 1.~~722653~~121495% 1.~~823824~~022219% 0.000000% 0.000000% 0.000000% 1.~~823824~~022219% 60 Days 0.~~516796~~841121% 0.~~086133~~000000% 0.~~086133~~000000% 0.000000% 0.~~689061~~841121% 0.~~393069~~669078% 0.~~089810~~000000% 0.~~070731~~000000% 0.000000% 0.~~553610~~669078% 90 Days 0.~~258398~~186916% 0.000000% 0.~~000000~~093458% 0.000000% 0.~~258398~~280374% 0.~~081234~~332090% 0.000000% 0.~~000000~~087527% 0.000000% 0.~~081234~~419617% 120 Days 0.~~086133~~186916% 0.000000% 0.~~258398~~280374% 0.000000% 0.~~344531~~467290% 0.~~036634~~048673% 0.000000% 0.~~360851~~422894% 0.000000% 0.~~397485~~471567% 150 Days 0.~~000000~~093458% 0.~~086133~~093458% 0.~~172265~~000000% 0.~~086133~~000000% 0.~~344531~~186916% 0.~~000000~~019851% 0.~~032212~~028594% 0.~~076544~~000000% 0.~~018705~~000000% 0.~~127461~~048444% 180 Days 0.~~086133~~186916% 0.~~000000~~186916% 0.~~086133~~373832% 0.000000% 0.~~172265~~747664% 0.~~022369~~063846% 0.~~000000~~102786% 0.~~098705~~404602% 0.000000% 0.~~121074~~571234% Totals 2.~~670112~~616822% 0.~~430663~~654206% 0.~~602929~~747664% 0.~~086133~~000000% 34.~~789836~~018692% 2.~~357130~~155756% 0.~~187106~~270409% 0.~~606831~~915023% 0.~~018705~~000000% 3.~~169772~~341188% 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 57 0 0 57 ~~742~~976,~~062~~476.0936 0.00 0.00 ~~742~~976,~~062~~476.0936 30 Days 6074 0 0 0 6074 810,~~134~~686,~~104~~132.2087 0.00 0.00 0.00 810,~~134~~686,~~104~~132.2087 60 Days 1713 03 02 0 1718 21,~~341~~395,~~509~~837.5733 0340,266.0007 0147,739.0097 0.00 21,~~341~~883,~~509~~843.5737 90 Days 96 1 2415 0 3422 1854,~~365,174~~638.5273 ~~208~~72,~~614~~115.5521 31,~~382~~494,~~866~~391.2575 0.00 42,~~956~~421,~~655~~145.3269 120 Days 13 2 83 0 118 ~~175~~399,~~788~~680.31 ~~136~~201,~~440~~933.5890 1515,~~456,793~~505.2682 0.00 1,~~769~~117,~~022~~120.1503 150 Days 02 12 1319 02 1425 0443,192.0029 ~~161~~228,~~783~~154.6411 12,~~724~~639,~~871~~029.7026 085,395.0006 13,~~886~~395,~~655~~770.3472 180 Days 0 111 514 04 629 0.00 771,~~400~~516,568.0061 ~~827~~2,~~208~~202,973.9134 0449,145.0068 ~~904~~4,~~608~~168,687.9163 Totals 8798 1026 5053 06 ~~147~~183 1213,~~016~~779,~~576~~481.6053 13,~~326~~335,~~300~~514.8626 76,~~391~~999,~~740~~640.1214 0534,540.0074 2024,~~734~~649,~~617~~176.5867 0-29 Days 0.~~228102~~355330% 0.000000% 0.000000% 0.~~228102~~355330% 0.~~219693~~328658% 0.000000% 0.000000% 0.~~219693~~328658% 30 Days 23.~~737226~~756345% 0.000000% 0.000000% 0.000000% 23.~~737226~~756345% 23.~~408167~~596696% 0.000000% 0.000000% 0.000000% 23.~~408167~~596696% 60 Days 0.~~775547~~659898% 0.~~000000~~152284% 0.~~000000~~101523% 0.000000% 0.~~775547~~913706% 0.~~693223~~469805% 0.~~000000~~114525% 0.~~000000~~049726% 0.000000% 0.~~693223~~634056% 90 Days 0.~~410584~~304569% 0.~~045620~~050761% 10.~~094891~~761421% 0.000000% 1.~~551095~~116751% 0.~~404171~~287651% 0.~~061762~~024272% 10.~~001525~~502976% 0.000000% 10.~~467458~~814899% 120 Days 0.~~045620~~152284% 0.~~091241~~101523% 0.~~364964~~152284% 0.000000% 0.~~501825~~406091% 0.~~052044~~134523% 0.~~040394~~067966% 0.~~431295~~173507% 0.000000% 0.~~523733~~375996% 150 Days 0.~~000000~~101523% 0.~~045620~~101523% 0.~~593066~~964467% 0.~~000000~~101523% 01.~~638686~~269036% 0.~~000000~~149168% 0.~~047897~~076791% 0.~~510662~~888234% 0.~~000000~~028742% 01.~~558560~~142935% 180 Days 0.000000% 0.~~045620~~558376% 0.~~228102~~710660% 0.~~000000~~203046% 01.~~273723~~472081% 0.000000% 0.~~022915~~510441% 0.~~244902~~741468% 0.~~000000~~151172% 01.~~267817~~403080% Totals 34.~~968978~~974619% 01.~~456204~~319797% 2.~~281022~~690355% 0.~~000000~~304569% 69.~~706204~~289340% 34.~~557604~~637843% 01.~~392662~~122654% 2.~~188384~~355911% 0.~~000000~~179914% 68.~~138651~~296321% 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 01 0 0 01 031,007.0067 0.00 0.00 031,007.0067 30 Days 42 0 0 0 42 ~~628~~607,~~585~~816.7453 0.00 0.00 0.00 ~~628~~607,~~585~~816.7453 60 Days 30 0 0 0 30 ~~127,366~~0.0800 0.00 0.00 0.00 ~~127,366~~0.0800 90 Days 03 0 01 0 04 0501,486.0006 0.00 0127,099.0068 0.00 0628,585.0074 120 Days 0 0 10 0 10 0.00 0.00 ~~583,704~~0.7200 0.00 ~~583,704~~0.7200 150 Days 20 1 10 0 41 ~~206,716~~0.6100 63,~~759~~661.5019 ~~199,735~~0.1800 0.00 ~~470~~63,~~211~~661.2919 180 Days 12 0 2 1 42 805 210,~~926~~822.01 0.00 ~~171~~199,~~742~~735.3418 76180,~~500~~262.0091 ~~329~~590,~~168~~820.3510 Totals 107 12 42 12 1613 1,~~043~~320,~~594~~124.4460 6394,~~759~~668.5086 ~~955~~326,~~182~~834.2486 76180,~~500~~262.0091 21,~~139~~921,~~036~~891.1823 0-29 Days 0.~~000000~~340136% 0.000000% 0.000000% 0.~~000000~~340136% 0.~~000000~~042615% 0.000000% 0.000000% 0.~~000000~~042615% 30 Days 10.~~253918~~680272% 0.000000% 0.000000% 0.000000% 10.~~253918~~680272% 0.~~811818~~835352% 0.000000% 0.000000% 0.000000% 0.~~811818~~835352% 60 Days 0.~~940439~~000000% 0.000000% 0.000000% 0.000000% 0.~~940439~~000000% 0.~~164493~~000000% 0.000000% 0.000000% 0.000000% 0.~~164493~~000000% 90 Days 01.~~000000~~020408% 0.000000% 0.~~000000~~340136% 0.000000% 01.~~000000~~360544% 0.~~000000~~689217% 0.000000% 0.~~000000~~174679% 0.000000% 0.~~000000~~863896% 120 Days 0.000000% 0.000000% 0.~~313480~~000000% 0.000000% 0.~~313480~~000000% 0.000000% 0.000000% 0.~~753854~~000000% 0.000000% 0.~~753854~~000000% 150 Days 0.~~626959~~000000% 0.~~313480~~340136% 0.~~313480~~000000% 0.000000% 10.~~253918~~340136% 0.~~266974~~000000% 0.~~082345~~087493% 0.~~257958~~000000% 0.000000% 0.~~607277~~087493% 180 Days 0.~~313480~~680272% 0.000000% 0.~~626959~~340136% 0.~~313480~~680272% 1.~~253918~~700680% 0.~~104516~~289743% 0.000000% 0.~~221805~~274506% 0.~~098800~~247744% 0.~~425121~~811993% Totals 32.~~134796~~380952% 0.~~313480~~680272% 10.~~253918~~680272% 0.~~313480~~680272% 54.~~015674~~421769% 1.~~347801~~814311% 0.~~082345~~130108% 10.~~233617~~449185% 0.~~098800~~247744% 2.~~762563~~641348% 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 814 0 0 0 814 25,~~057~~351,~~287~~179.2552 0.00 0.00 0.00 25,~~057~~351,~~287~~179.2552 60 Days 64 1 02 0 7 1,~~941~~857,~~636~~570.89 83,~~521~~388.1586 0491,147.0061 0.00 2,~~025~~432,~~158~~107.0436 90 Days 51 02 41 0 94 1480,~~531,326~~080.6603 0683,038.0077 192,~~687,758~~996.9742 0.00 31,~~219~~256,~~085~~115.6322 120 Days 01 0 01 0 02 0511,084.0037 0.00 044,829.0036 0.00 0555,913.0073 150 Days 0 20 96 1 127 0.00 ~~218,151~~0.1900 2,~~709~~029,~~021~~174.1275 83198,~~112~~887.0888 32,~~010~~228,~~284~~062.3963 180 Days 01 23 513 1 818 0498,531.0031 ~~177~~284,~~539~~090.7796 23,~~074~~847,~~800~~646.6514 083,112.0008 24,~~252~~713,~~340~~380.4249 Totals 1921 56 1823 2 4452 58,~~530~~698,~~250~~446.8012 ~~479~~1,~~212~~050,518.1159 6,~~471~~505,~~580~~794.7428 83281,~~112~~999.0896 1216,~~564~~536,~~155~~758.7395 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~242236~~443281% 0.000000% 0.000000% 0.000000% 12.~~242236~~443281% 02.~~922136~~717072% 0.000000% 0.000000% 0.000000% 02.~~922136~~717072% 60 Days 0.~~931677~~698080% 0.~~155280~~174520% 0.~~000000~~349040% 0.000000% 1.~~086957~~221640% 0.~~870298~~943185% 0.~~037437~~042341% 0.~~000000~~249381% 0.000000% 01.~~907735~~234907% 90 Days 0.~~776398~~174520% 0.~~000000~~349040% 0.~~621118~~174520% 0.000000% 10.~~397516~~698080% 0.~~686385~~243762% 0.~~000000~~346814% 0.~~756503~~047219% 0.000000% 10.~~442888~~637795% 120 Days 0.~~000000~~174520% 0.000000% 0.~~000000~~174520% 0.000000% 0.~~000000~~349040% 0.~~000000~~259504% 0.000000% 0.~~000000~~022762% 0.000000% 0.~~000000~~282266% 150 Days 0.000000% 0.~~310559~~000000% 1.~~397516~~047120% 0.~~155280~~174520% 1.~~863354~~221640% 0.000000% 0.~~097782~~000000% 1.~~214262~~030317% 0.~~037253~~100986% 1.~~349297~~131303% 180 Days 0.~~000000~~174520% 0.~~310559~~523560% 02.~~776398~~268761% 0.~~155280~~174520% 13.~~242236~~141361% 0.~~000000~~253130% 0.~~079579~~144248% 01.~~929986~~953650% 0.~~000000~~042200% 12.~~009565~~393228% Totals 23.~~950311~~664921% 01.~~776398~~047120% 24.~~795031~~013962% 0.~~310559~~349040% 69.~~832298~~075044% 24.~~478820~~416653% 0.~~214797~~533403% 23.~~900752~~303330% 0.~~037253~~143186% 58.~~631622~~396572%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~447514~~428309% Weighted Average Net Coupon 76.~~011151~~993253% Weighted Average Pass-Through Rate 6.~~572124~~549114% Weighted Average Maturity(Stepdown Calculation ) ~~345~~343 Beginning Scheduled Collateral Loan Count 87,~~620~~904 Number Of Loans Paid In Full ~~357~~380 Ending Scheduled Collateral Loan Count 87,~~263~~524 Beginning Scheduled Collateral Balance 1,~~421~~288,~~304~~341,~~319~~780.7825 Ending Scheduled Collateral Balance 1,~~356~~216,~~749~~065,~~647~~698.8908 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 1,~~357~~217,~~896~~196,~~702~~870.2518 Monthly P &I Constant 9,~~976~~043,~~755~~297.1554 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 37142,~~027~~510.5745 Cumulative Realized Loss ~~181~~471,~~460~~661.3344 Ending Scheduled Balance for Premium Loans 1,~~356~~216,~~749~~065,~~647~~698.8908 Scheduled Principal 1,~~155~~068,~~768~~129.0589 Unscheduled Principal 6371,~~398~~207,~~903~~952.8428

Miscellaneous Reporting ~~Credit~~Target ~~Risk~~Overcollateralization ~~Managers Fee 17~~8,~~766.30 Excess Cash Amount 5~~272,~~100,634~~273.8100 Overcollateralization Deficiency Amount 0.00 ~~Target~~Excess ~~Overcollateralization~~Cash 8Amount 4,~~272~~358,~~273~~091.0043 Cap Payment 0.00

Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.~~608137~~596799 7.~~290402~~283655 7.~~799724~~770180 Weighted Average Net Rate 7.~~217442~~207884 6.~~878411~~872628 7.~~379669~~350628 Weighted Average Maturity ~~347~~345 ~~347~~345 ~~341~~339 Beginning Loan Count 1,~~355~~277 2,~~749~~512 1,~~214~~114 Loans Paid In Full 4149 ~~116~~123 5344 Ending Loan Count 1,~~314~~228 2,~~633~~389 1,~~161~~070 Beginning Scheduled Balance ~~176~~165,~~725~~367,~~096~~118.5224 ~~433~~389,186,~~772~~012.2715 ~~141~~131,~~306~~339,~~932~~176.0848 Ending scheduled Balance ~~171~~157,~~159~~362,~~527~~128.7212 ~~412~~367,~~285~~169,~~220~~060.1913 ~~135~~125,~~529~~238,~~009~~626.1341 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant 1,~~286~~205,~~524~~557.9495 2,~~991~~690,~~556~~524.0762 1985,~~060,156~~407.8252 Scheduled Principal ~~166~~158,~~067~~674.6802 ~~359~~328,~~801~~277.4631 ~~141~~134,~~694~~966.3066 Unscheduled Principal 57,~~399~~846,~~501~~316.1210 2021,~~541~~688,~~750~~674.6271 5,~~636~~965,~~228~~583.6541 Scheduled Interest 1,~~120~~046,~~457~~883.2693 2,~~631~~362,~~754~~247.6131 ~~918~~850,~~462~~440.5286 Servicing Fees 5753,~~538~~594.0371 ~~148~~133,~~724~~305.1315 4945,~~463~~919.8364 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 6057,~~689~~675.5939 ~~201~~184,~~556~~852.4976 4341,~~917~~403.9402 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 1935,~~002,229~~613.6483 2,~~281~~044,~~473~~089.9940 ~~825~~763,~~080~~118.7520 Realized Loss Amount 0.00 798,648.0069 028,767.0066 Cumulative Realized Loss 065,067.0053 9098,~~132~~781.5221 029,310.0047 Percentage of Cumulative Losses 0.~~0000~~0334 0.~~0180~~0197 0.~~0000~~0185 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~805347~~789358 6.~~320066~~302660 76.~~006711~~972343

Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.~~750430~~729820 7.~~386336~~333736 6.~~969806~~928359 Weighted Average Net Rate 7.~~271182~~251281 6.~~962401~~911599 6.~~505188~~463841 Weighted Average Maturity ~~341~~339 ~~345~~343 ~~345~~343 Beginning Loan Count 2,~~291~~090 ~~329~~304 ~~682~~607 Loans Paid In Full 99120 10 3834 Ending Loan Count 21,~~192~~970 ~~319~~294 ~~644~~573 Beginning Scheduled Balance ~~355~~317,~~206~~310,~~209~~708.6326 7875,~~569~~031,~~945~~887.5075 ~~236~~210,~~309~~106,~~363~~877.7837 Ending scheduled Balance ~~337~~296,~~516~~856,~~394~~000.6293 7772,~~363~~699,~~262~~175.6527 ~~222~~196,~~896~~740,~~233~~707.5822 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant 2,~~532~~260,~~643~~990.8229 ~~557~~530,~~759~~223.0227 1,~~548~~370,~~114~~593.4889 Scheduled Principal ~~238~~217,~~476~~028.4307 7471,~~139~~669.0187 ~~175~~157,~~589~~513.1796 Unscheduled Principal 1720,~~451~~237,~~338~~679.5826 12,~~132~~261,~~543~~042.8461 13,~~237~~208,~~541~~656.0319 Scheduled Interest 2,~~294~~043,~~167~~962.3922 ~~483~~458,~~620~~553.0140 1,~~372~~213,~~525~~079.3193 Servicing Fees ~~141~~126,~~859~~537.9390 2726,~~757~~394.1478 9181,~~494~~332.5301 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 ~~115~~103,~~111~~359.7946 1716,~~663~~799.2434 8172,~~053~~745.7897 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 21,~~037~~814,~~195~~064.6786 ~~438~~415,~~199~~359.6328 1,~~199~~059,~~977~~001.0095 Realized Loss Amount 028,064.0037 077,021.0098 ~~36,948~~7.5775 Cumulative Realized Loss 028,064.0037 53212,~~766~~869.7404 37,~~561~~568.0782 Percentage of Cumulative Losses 0.~~0000~~0067 0.~~0607~~2401 0.0130 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~882297~~860399 6.~~692630~~642924 6.~~093590~~048362

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~447514~~428309 Weighted Average Net Rate 76.~~011151~~993253 Weighted Average Maturity ~~345~~343.00 Record Date 0810/31/2004 Principal And Interest Constant 9,~~976~~043,~~755~~297.1554 Beginning Loan Count 87,~~620~~904 Loans Paid In Full ~~357~~380 Ending Loan Count 87,~~263~~524 Beginning Scheduled Balance 1,~~421~~288,~~304~~341,~~319~~780.7825 Ending Scheduled Balance 1,~~356~~216,~~749~~065,~~647~~698.8908 Scheduled Principal 1,~~155~~068,~~768~~129.0589 Unscheduled Principal 6371,~~398~~207,~~903~~952.8428 Scheduled Interest 87,~~820~~975,~~987~~167.1065 Servicing Fee ~~516~~467,~~837~~084.5919 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee ~~519~~476,~~992~~835.8394 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 7,~~784~~031,~~156~~247.6852 Realized Loss Amount 37142,~~027~~510.5745 Cumulative Realized Loss ~~181~~471,~~460~~661.3344 Percentage of Cumulative Losses 0.~~0110~~0285 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.~~572124~~549114

theMurrayhillcompany SAIL 2004-2 Credit Risk Manager Report August 2004 The information contained in this Report is based upon a specific point in time and reflects performance solely through that point in time. It does not forecast the performance of the portfolio in the future. The information in this Report is not investment advice concerning a particular portfolio or security, and no mention of a particular security in this Report constitutes a recommendation to buy, sell, or hold that or any other security. The Report is based upon information provided to The Murrayhill Company by third parties and therefore The Murrayhill Company cannot, and does not, warrant that the information contained in this Report is accurate or complete. Table of Contents Section One Transaction Summary Section Two Prepayment Premium Analysis Section Three Analytics Section One Transaction Summary SAIL 2004-2 theMurrayhillcompany Transaction Summary August 2004 Transaction Summary Closing Date : 2/26/04 Depositor: Structured Asset Securities Corporation Trustee: La Salle Bank Securities Administrator: Wells Fargo Master Servicer: Aurora Loan Services Master Servicing Servicer(s): Aurora Loan Services, Chase Home Finance , IndyMac, Ocwen Financial Services, Option One Mortgage , Wells Fargo Mortgage Insurer(s): Mortgage Guaranty Insurance Corporation, Radian Guaranty Delinquency Reporting Method: OTS1 Collateral Summary Closing Date 7/31/20042 7/31/2004 as a Percentage of Closing Date Collateral Balance $1,638,476,000 $1,406,550,971 85.83% Loan Count 9,859 8,565 86.87% Collateral Statistics Loan Count Summed Balance Repurchases3 0 $ 0 First Payment De faults 12 $ 2,051,750 Early Payment Defaults 4 53 $ 8,447,455 Multiple Loans to One Borrower 19 $ 2,245,693 Second Lien Statistics Loan Count Summed Balance Outstanding Second Lien Loans 569 $ 27,700,460 30 Days Delinquent 10 $ 696,334 60 Days Delinquent 5 $ 198,521 90+ Days Delinquent 15 $ 866,958 1 OTS Method: A current loan becomes 30 days delinquent if the scheduled payment is not made by the close of business on the corresponding day of the following month. Similarly for 60 days delinquent and the second immediately succeeding month and 90 days delinquent and the third immediately succeeding month. 2 These figures are based upon information provided to Murrayhill by the servicers on a monthly basis. 3 Refers to loans repurchased in the current month 4 A default that occurs on the second or third scheduled payment Hurricane Update This month, Murrayhill identified all active l oans within this portfolio that are secured by properties located in Florida disaster relief areas affected by Hurricanes Charley and Frances. We are working with the servicers to obtain information regarding their hurricane disaster relief policies, and will be monitoring each loan to ensure the appropriate actions are taken by each servicer. As of mortgage data through 7/31/04, 493 loans have been identified in SAIL 2004-2. (c) 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation of Prepayment Premiums for SAIL 2004-2 Mortgage Data Through: July 31, 2004 Section 1: Prepayment premiums collected by the servicer and remitted to the trustee. This information is reported to Murrayhill by the servicer each month. Trustee Remittance Date Servicer 25-Aug-04 25-Jul-04 25-Jun-04 25-May25-04 25-Apr-04 25-Mar-04 Total $1,152,784 $929,683 $572,400 $466,482 $317,261 $93,669 Section 2: Prepayment premiums remitted to the P Class by the trustee. This information is taken from the statement to Certificate holders prepared by the trustee. Trustee Remittance Date Class 25-Aug-04 25-Jul-04 25-Jun-04 25-May-04 25-Apr-04 25-Mar-04 P Class $1,145,661 $929,683 $596,072 $473,132 $324,449 $93,669 Section 3: Reconciliation of the amounts remitted by the servicer to the trustee, and the amount remitted to the P Class holders by the trustee. Amount remitted by servicer: $1,152,784 Amount remitted to the P Class: $1,145,661 Difference*: $7,124 * This difference is a result of two prepayment penalties in the amounts of $2,130 and $4,994 that were reversed by the servicers. One prepayment premium was reversed because of a state statute. We have inquired with the servicer regarding the remaining reversal, and will provide an update in next month's Prepayment Analysis. Aggregate Paid Off Loans Report for SAIL 2004-2 Mortgage Data Through: July 31, 2004 Trustee Remittance Date 25-Jul-04 25-Jul-04 25-Jun-04 25-May-04 25-Apr-04 25-Mar-04 Loans with Active Prepayment Flags that Remitted 213 119 113 88 62 21 Premiums ( A ) Loans without Prepayment Flags that Remitted 1 1 0 0 1 0 Premiums Total Loans that Remitted Premiums ( B ) 214 120 113 88 63 21 Loans with Active Prepayment Flags ( C ) 218 120 116 95 70 21 Loans without Prepayment Flags that Remitted 1 1 0 0 1 0 Premiums Subtotal ( D ) 219 121 116 95 71 21 Premiums Remitted with Active Prepayment Flags 97.7% 99.2% 97.4% 92.6% 88.6% 100.0% (A/C) Total Loans that Remitted Premiums to the 97.7% 99.2% 97.4% 92.6% 88.7% 100.0% Subtotal (B/D ) Total Paid Off Loans ( E ) 324 198 198 145 145 56 Total Loans that Remitted Premiums to the Total 66.0% 60.6% 57.1% 60.7% 43.4% 32.1% Paid Off Loans ( B/E ) Paid Off Loans Exception Report for SAIL 2004-2 Mortgage Data Through: July 31, 2004 Total Paid Off Loans with Flags 223 Less Exceptions: Loans with Expired Prepayment Clauses (as stated in the Note)* 3 Loans that Contained a Clause Allowing Prepayment Premiums to be Waived at the Time of Liquidation* 1 Loans that Liquidated from REO* 0 Loans with Discrepancies between the Data File and the Note* 0 Defaulted Liquidated Loans that Could Not Have Collected Premiums because of the Acceleration of the Debt* 1 Loans that Liquidated Through Loss Mitigation Efforts* 0 Total Paid Off Loans with Active Prepayment Flags (C) 218 Other Exceptions: Paid Off Loans that Did Not Collect Premiums because of State Statutes 3 Paid Off Loans with Active Prepayment Flags that Have Not Remitted Premiums 2 * These categories are mutually exclusive. Paid off Loans With Prepayment Flags for SAIL 2004-2 Mortgage Data Through: July 31, 2004 Loan number Delinquency Origination PPP Exp. Date Payoff String Date Flag Balance 4536152 CCCCC0 11/19/03 2 11/19/05 $156,878 4538617 CCCCC0 12/12/03 2 12/12/05 $147,289 4536697 CCCCC0 11/7/03 1 11/7/04 $228,594 4536790 CCCCC0 11/25/03 2 11/25/05 $55,084 4536774 CCCCC0 11/26/03 2 11/26/05 $195,036 4530953 636FF0 9/23/03 2 9/23/05 $419,283 4530735 CCCCC0 10/1/03 2 10/1/05 $333,305 4537935 CCCCC0 11/21/03 0.5 5/21/04 $107,005 4530161 CCCCC0 8/25/03 1 8/25/04 $258,493 4532069 CCCCC0 9/15/03 1 9/15/04 $180,324 4530459 CCCCC0 9/30/03 1 9/30/04 $204,325 4530411 CCCCC0 10/2/03 1 10/2/04 $497,675 4533349 CCCCC0 10/3/03 1 10/3/04 $165,551 4530890 CCCCC0 10/10/03 1 10/10/04 $183,500 4531753 CCCC30 10/22/03 1 10/22/04 $102,493 4531840 CCCCC0 10/22/03 1 10/22/04 $164,883 4530278 CCCCC0 10/24/03 1 10/24/04 $162,636 4534574 CCCCC0 11/7/03 1 11/7/04 $158,666 4536987 CCCCC0 11/13/03 1 11/13/04 $321,373 4537704 CCCCC0 11/19/03 1 11/19/04 $178,981 4537917 CCCCC0 11/25/03 1 11/25/04 $294,479 4539182 CCCCC0 2/21/03 2 2/21/05 $44,748 4539222 CCCCC0 4/3/03 2 4/3/05 $24,196 4539225 CCCCC0 4/4/03 2 4/4/05 $99,302 4539264 CCCCC0 4/11/03 2 4/11/05 $67,649 4539099 CCCCC0 12/18/02 2.5 6/18/05 $37,738 4533852 CCCCC0 8/4/03 2 8/4/05 $115,004 4529771 CCCCC0 8/5/03 2 8/5/05 $383,440 4529683 CCCCC0 8/18/03 2 8/18/05 $340,810 4533716 CCCCC0 8/25/03 2 8/25/05 $182,553 4530977 CCCCC0 8/25/03 2 8/25/05 $817,738 4530965 CCCCC0 9/4/03 2 9/4/05 $93,890 4530913 CCCCC0 9/15/03 2 9/15/05 $438,350 4532830 CCCCC0 9/16/03 2 9/16/05 $113,952 4530444 CCCCC0 9/16/03 2 9/16/05 $155,550 4532785 CCCCC0 9/16/03 2 9/16/05 $262,803 4529984 CCCCC0 9/16/03 2 9/16/05 $270,000 4534851 CCCCC0 9/17/03 2 9/17/05 $49,772 4531177 CCCCC0 9/18/03 2 9/18/05 $231,079 4530469 CCCCC0 9/19/03 2 9/19/05 $190,571 4533727 CCCCC0 9/22/03 2 9/22/05 $101,713 4532415 CCCCC0 9/22/03 2 9/22/05 $346,484 4533654 CCCCC0 9/24/03 2 9/24/05 $202,811 4532396 CCCCC0 9/24/03 2 9/24/05 $277,622 4533912 CCCCC0 9/25/03 2 9/25/05 $190,740 4532303 CCCCC0 9/25/03 2 9/25/05 $178,485 4533881 CCCCC0 9/26/03 2 9/26/05 $361,145 4532604 CCCCC0 9/30/03 2 9/30/05 $170,956 4530886 CCCCC0 9/30/03 2 9/30/05 $127,556 4533047 CCCCC0 9/30/03 2 9/30/05 $135,026 4532142 CCCCC0 9/30/03 2 9/30/05 $160,898 4533347 CCCCC0 10/1/03 2 10/1/05 $98,320 4532307 CCCCC0 10/1/03 2 10/1/05 $157,443 4531314 CCCCC0 10/2/03 2 10/2/05 $299,505 4532260 CCCCC0 10/3/03 2 10/3/05 $97,175 4532359 CCCCC0 10/6/03 2 10/6/05 $291,073 4533376 CCCCC0 10/6/03 2 10/6/05 $104,369 4530711 CCCCC0 10/6/03 2 10/6/05 $104,318 4532109 CCCCC0 10/7/03 2 10/7/05 $119,081 4532763 CCCCC0 10/7/03 2 10/7/05 $64,606 4530614 CCCCC0 10/7/03 2 10/7/05 $253,437 4534630 CCCCC0 10/8/03 2 10/8/05 $69,785 4533413 CCCCC0 10/8/03 2 10/8/05 $94,424 #N/A CCCCC0 10/8/03 2 10/8/05 $101,948 4532716 CCCCC0 10/10/203 2 10/10/05 $120,907 4530693 CCCCC0 10/10/03 2 10/10/05 $129,054 4530184 C3CCC0 10/14/03 2 10/14/05 $204,443 4533989 CCCCC0 10/15/03 2 10/15/05 $83,025 4530389 CCCCC0 10/15/03 2 10/15/05 $260,467 4530656 CCCCC0 10/15/03 2 10/15/05 $259,088 4531653 CCCCC0 10/16/03 2 10/16/05 $175,138 4531969 CCCCC0 10/20/03 2 10/20/05 $61,017 4531801 CCCCC0 10/21/03 2 10/21/05 $68,240 4538884 CCCCC0 10/22/03 2 10/22/05 $336,680 4531789 CCCCC0 10/22/03 2 10/22/05 $139,265 4531507 CCCCC0 10/22/03 2 10/22/05 $129,285 4538579 CCCCC0 10/23/03 2 10/23/05 $134,471 4531562 CCCCC0 10/23/03 2 10/23/05 $209,000 4530177 CCCCC0 10/29/03 2 10/29/05 $169,334 4534770 CCCCC0 10/30/03 2 10/30/05 $56,832 4530176 CCCCC0 10/30/03 2 10/30/05 $346,562 4531114 CCCCC0 10/30/03 2 10/30/05 $166,582 4535532 CCCCC0 10/31/03 2 10/31/05 $236,140 4535626 CC3360 11/3/03 2 11/3/05 $302,875 4536377 CCCCC0 11/4/03 2 11/4/05 $238,810 4536906 CCCCC0 11/4/03 2 11/4/05 $217,161 4537874 CCCCC0 11/4/03 2 11/4/05 $194,847 4537479 CCCCC0 11/5/03 2 11/5/05 $177,613 4534955 CCCCC0 11/5/03 2 11/5/05 $29,835 4534846 CCCCC0 11/5/03 2 11/5/05 $389,702 4535297 CCCCC0 11/5/03 2 11/5/05 $180,785 4535640 CCCC30 11/5/03 2 11/5/05 $156,853 4536910 CCCCC0 11/5/03 2 11/5/05 $187,005 4537572 CCCCC0 11/5/03 2 11/5/05 $310,885 4536890 CCCCC0 11/6/03 2 11/6/05 $536,915 4534957 CCCCC0 11/6/03 2 11/6/05 $274,610 4534791 CCCCC0 11/6/03 2 11/6/05 $119,107 4535664 CCCCC0 11/6/03 2 11/6/05 $251,572 4536946 CCCCC0 11/6/03 2 11/6/05 $415,585 4537536 CCCCC0 11/6/03 2 11/6/05 $194,035 4536103 CCCCC0 11/7/03 2 11/7/05 $211,145 4536256 CCCCC0 11/7/03 2 11/7/05 $323,440 4536571 CCCCC0 11/7/03 2 11/7/05 $132,430 4534502 CCCCC0 11/7/03 2 11/7/05 $82,233 4537667 CCCCC0 11/7/03 2 11/7/05 $431,119 4537779 CCCCC0 11/7/03 2 11/7/05 $189,843 4536847 CCCCC0 11/10/03 2 11/10/05 $192,368 4536936 CCCCC0 11/10/03 2 11/10/05 $141,358 4537849 CCCCC0 11/10/03 2 11/10/05 $230,073 4534355 CCCCC0 11/11/03 2 11/11/05 $184,316 4536934 CCCCC0 11/12/03 2 11/12/05 $228,745 4535017 CCCCC0 11/12/03 2 11/12/05 $283,730 4533515 CCCCC0 11/12/03 2 11/12/05 $132,801 4533573 CCCCC0 11/12/03 2 11/12/05 $33,288 4535540 CCCCC0 11/12/03 2 11/12/05 $132,573 4536900 369CC0 11/12/03 2 11/12/05 $139,531 4537768 CCCCC0 11/12/03 2 11/12/05 $233,825 4537294 CCCCC0 11/13/03 2 11/13/05 $144,012 4533501 CCCCC0 11/13/03 2 11/13/05 $214,736 4533562 CCCCC0 11/13/03 2 11/13/05 $53,846 4538798 CCCCC0 11/13/03 2 11/13/05 $244,112 4536538 CCCCC0 11/14/03 2 11/14/05 $354,539 4535249 CCCCC0 11/17/03 2 11/17/05 $230,898 4535243 CCCCC0 11/17/03 2 11/17/05 $151,097 4537286 CCCCC0 11/18/03 2 11/18/05 $253,650 4535192 CCCCC0 11/18/03 2 11/18/05 $226,959 4535630 CCCCC0 11/18/03 2 11/18/05 $221,488 4535806 CCCCC0 11/18/03 2 11/18/05 $276,694 4536199 CCCCC0 11/18/03 2 11/18/05 $203,030 4535613 CCCCC0 11/19/03 2 11/19/05 $267,519 4537539 CCCCC0 11/19/03 2 11/19/05 $208,992 4537900 CCCCC0 11/19/03 2 11/19/05 $196,901 4535665 CCCCC0 11/20/03 2 11/20/05 $131,321 4536345 CCC360 11/20/03 2 11/20/05 $142,124 4537338 CCCCC0 11/20/03 2 11/20/05 $99,998 4535217 CCCCC0 11/20/03 2 11/20/05 $203,031 4535666 CCCCC0 11/20/03 2 11/20/05 $32,644 4536297 CCCCC0 11/20/03 2 11/20/05 $173,621 4537658 CCCCC0 11/20/03 2 11/20/05 $146,176 4537022 CCCCC0 11/21/03 2 11/21/05 $228,448 4538659 CCCCC0 11/21/03 2 11/21/05 $165,735 4535604 CCCCC0 11/21/03 2 11/21/05 $467,289 4535675 CCCC30 11/21/03 2 11/21/05 $224,681 4537243 CCCCC0 11/24/03 2 11/24/05 $60,752 4536649 CCCCC0 11/25/03 2 11/25/05 $355,578 4536143 CCCCC0 11/25/03 2 11/25/05 $188,574 4538929 CCCCC0 11/25/03 2 11/25/05 $403,750 4535190 CCCCC0 11/25/03 2 11/25/05 $261,449 4536302 CCCCC0 11/25/03 2 11/25/05 $167,076 4534061 CCCCC0 11/25/03 2 11/25/05 $203,146 4537907 CCCCC0 11/26/03 2 11/26/05 $379,519 4537731 CCCCC0 11/26/03 2 11/26/05 $114,433 4535693 CCCCC0 11/26/03 2 11/26/05 $225,915 4535828 CCCCC0 11/26/03 2 11/26/05 $143,260 4537530 CCCCC0 11/26/03 2 11/26/05 $222,732 4538955 CCCCC0 11/28/03 2 11/28/05 $522,736 4538827 CCCCC0 12/10/03 2 12/10/05 $264,914 4538840 CCCCC0 12/11/03 2 12/11/05 $285,000 4538221 CCCC60 12/12/03 2 12/12/05 $36,969 4538734 CCCCC0 12/12/03 2 12/12/05 $203,046 4538286 CCCCC0 12/12/03 2 12/12/05 $50,900 4538338 CCCCC0 12/15/03 2 12/15/05 $63,816 4538397 CCCCC0 12/15/03 2 12/15/05 $79,829 4538618 CCCCC0 12/15/03 2 12/15/05 $147,496 4538222 CCCCC0 12/15/03 2 12/15/05 $36,566 4538863 CCCCC0 12/19/03 2 12/19/05 $313,526 4538792 CCCCC0 12/19/03 2 12/19/05 $236,513 4538377 CCCCC0 12/19/03 2 12/19/05 $74,805 4538731 CCCCC0 12/19/03 2 12/19/05 $199,169 4533518 3CCCC0 7/24/03 3 7/24/06 $170,946 4529665 CCCCC0 9/4/03 3 9/4/06 $258,326 4530649 CCCCC0 9/10/03 3 9/10/06 $77,554 4530637 CCCCC0 9/17/03 3 9/17/06 $141,601 4532503 CCCCC0 9/24/03 3 9/24/06 $123,130 4530079 CCCCC0 9/24/03 3 9/24/06 $126,983 4532569 CCCCC0 9/29/03 3 9/29/06 $82,634 4533057 CCCCC0 9/30/03 3 9/30/06 $160,340 4532636 CCCCC0 9/30/03 3 9/30/06 $145,362 4533381 CCCCC0 10/6/03 3 10/6/06 $170,168 4530946 CCCCC0 10/7/03 3 10/7/06 $70,473 4532703 CCCCC0 10/8/03 3 10/8/06 $264,166 4530702 CCCCC0 10/10/03 3 10/10/06 $281,031 4532690 CCCCC0 10/14/03 3 10/14/06 $121,016 4532787 CCCCC0 10/14/03 3 10/14/06 $95,896 4532299 CCCCC0 10/14/03 3 10/14/06 $83,298 4531830 CCCCC0 10/15/03 3 10/15/06 $188,687 4530406 CCCCC0 10/16/03 3 10/16/06 $210,014 4531425 CCCCC0 10/20/03 3 10/20/06 $125,555 4531121 CCCCC0 10/20/03 3 10/20/06 $59,830 4530296 CCCCC0 10/21/03 3 10/21/06 $346,493 4534183 CCCCC0 10/25/03 3 10/25/06 $131,273 4530246 CCCCC0 10/27/03 3 10/27/06 $94,932 4535536 CCCCC0 10/31/03 3 10/31/06 $159,187 4536042 CCCCC0 11/4/03 3 11/4/06 $89,560 4536903 CCCCC0 11/6/03 3 11/6/06 $184,179 4539442 CCCCC0 11/7/03 3 11/7/06 $188,000 4539443 CCCCC0 11/7/03 3 11/7/06 $46,894 4536820 CCCCC0 11/10/03 3 11/10/06 $371,052 4538003 CCCCC0 11/10/03 3 11/10/06 $58,702 4536177 CCCCC0 11/12/03 3 11/12/06 $154,603 4537755 CCCCC0 11/12/03 3 11/12/06 $144,097 4536579 CCCCC0 11/13/03 3 11/13/06 $173,709 4536879 CCCCC0 11/13/03 3 11/13/06 $228,274 4535396 CCCCC0 11/14/03 3 11/14/06 $68,167 4537216 CCCCC0 11/14/03 3 11/14/06 $96,509 4537904 CCCCC0 11/17/03 3 11/17/06 $283,149 4536383 CCCCC0 11/18/03 3 11/18/06 $290,821 4535807 CCCCC0 11/18/03 3 11/18/06 $68,921 4536200 CCCCC0 11/18/03 3 11/18/06 $50,626 4536460 CCCCC0 11/20/03 3 11/20/06 $345,071 4536580 CCCCC0 11/20/03 3 11/20/06 $230,349 4538766 CCCCC0 11/20/03 3 11/20/06 $217,589 4537837 CCCCC0 11/21/03 3 11/21/06 $203,304 4535232 CCCCC0 11/24/03 3 11/24/06 $334,062 4535311 CCCCC0 11/24/03 3 11/24/06 $78,468 4535638 CCCCC0 11/24/03 3 11/24/06 $74,622 4537373 CCCCC0 11/25/03 3 11/25/06 $199,629 4536305 CCCCC0 11/25/03 3 11/25/06 $41,661 4535770 CCCCC0 11/26/03 3 11/26/06 $204,186 4535829 CCCCC0 11/26/03 3 11/26/06 $35,700 4395012 CCCCC0 11/1/03 0 $240,554 Paid off Loans With Prepayment Flags for SAIL 2004-2 Mortgage Data Through: July 31, 2004 (Cont.) Loan Number PPP Remitted % of PPP PPP Comments Premium to Collected, Collected, Payoff w/Flag No Flag Balance 4536152 - 0% 4536152 Awaiting a response from the servicer 4538617 - 0% 4538617 Awaiting a response from the servicer 4536697 - 0% Did not collect because of a NY state statute 4536790 - 0% Did not collect because of a WI state statute 4536774 - 0% Did not collect because of a WI state statute 4530953 - 0% Loan liquidated out of foreclosure 4530735 - 0% Note contained a rider 4537935 $3,399 3% 4530161 $8,265 3% 4532069 $3,606 2% 4530459 $4,087 2% 4530411 $16,191 3% 4533349 $3,311 2% 4530890 $3,666 2% 4531753 $2,050 2% 4531840 $5,600 3% 4530278 $3,253 2% 4534574 $4,430 3% 4536987 $9,950 3% 4537704 $4,540 3% 4537917 $8,058 3% 4539182 $1,924 4% 4539222 $1,042 4% 4539225 $4,270 4% 4539264 $2,904 4% 4539099 $1,623 4% 4533852 $3,167 3% 4529771 $10,936 3% 4529683 $7,604 2% 4533716 $3,651 2% 4530977 $20,235 2% 4530965 $3,076 3% 4530913 $10,324 2% 4532830 $3,159 3% 4530444 $4,337 3% 4532785 $9,398 4% 4529984 $7,020 3% 4534851 $1,581 3% 4531177 $8,235 4% 4530469 $4,908 3% 4533727 $2,839 3% 4532415 $10,103 3% 4533654 $6,732 3% 4532396 $6,363 2% 4533912 $5,408 3% 4532303 $4,126 2% 4533881 $9,734 3% 4532604 $2,106 1% 4530886 $4,153 3% 4533047 $4,446 3% 4532142 $4,492 3% 4533347 $1,966 2% 4532307 $7,059 4% 4531314 $10,162 3% 4532260 $972 1% 4532359 $9,989 3% 4533376 $3,675 4% 4530711 $1,043 1% 4532109 $3,639 3% 4532763 $1,935 3% 4530614 $7,541 3% 4534630 $3,138 4% 4533413 $2,828 3% #N/A $3,622 4% 4532716 $4,149 3% 4530693 $3,010 2% 4530184 $8,159 4% 4533989 $833 1% 4530389 $7,264 3% 4530656 $5,182 2% 4531653 $5,521 3% 4531969 $2,086 3% 4531801 $684 1% 4538884 $15,141 #VALUE! 4531789 $4,195 3% 4531507 $4,202 3% 4538579 $4,831 4% 4531562 $6,039 3% 4530177 $6,083 4% 4534770 $2,496 4% 4530176 $10,036 3% 4531114 $5,253 3% 4535532 $6,690 3% 4535626 $9,322 3% 4536377 $7,489 3% 4536906 $5,861 3% 4537874 $5,841 3% 4537479 $6,031 3% 4534955 $300 1% 4534846 $10,880 3% 4535297 $5,597 3% 4535640 $5,925 4% 4536910 $3,740 2% 4537572 $9,620 3% 4536890 $16,093 3% 4534957 $8,502 3% 4534791 $3,067 3% 4535664 $8,550 3% 4536946 $10,358 2% 4537536 $5,621 3% 4536103 $2,111 1% 4536256 $10,325 3% 4536571 $4,524 3% 4534502 $3,007 4% 4537667 $11,280 3% 4537779 $4,530 2% 4536847 $2,241 1% 4536936 $4,236 3% 4537849 $7,447 3% 4534355 $6,261 3% 4536934 $6,168 3% 4535017 $8,504 3% 4533515 $3,652 3% 4533573 $1,297 4% 4535540 $3,867 3% 4536900 $4,742 3% 4537768 $6,530 3% 4537294 $4,000 3% 4533501 $6,009 3% 4533562 $2,260 4% 4538798 $9,509 4% 4536538 $11,317 3% 4535249 $8,370 4% 4535243 $3,920 3% 4537286 $7,599 3% 4535192 $7,028 3% 4535630 $7,071 3% 4535806 $7,459 3% 4536199 $5,881 3% 4535613 $8,020 3% 4537539 $6,012 3% 4537900 $6,132 3% 4535665 $3,667 3% 4536345 $5,519 4% 4537338 $3,797 4% 4535217 $5,881 3% 4535666 $1,303 4% 4536297 $4,438 3% 4537658 $3,732 3% 4537022 $5,702 2% 4538659 $5,000 3% 4535604 $11,665 2% 4535675 $7,500 3% 4537243 $2,669 4% 4536649 $10,587 3% 4536143 $1,887 1% 4538929 $9,884 2% 4535190 $8,986 3% 4536302 $4,338 3% 4534061 $6,405 3% 4537907 $9,776 3% 4537731 $3,429 3% 4535693 $6,309 3% 4535828 $3,920 3% 4537530 $5,649 3% 4538955 $16,166 3% 4538827 $7,540 3% 4538840 $8,824 3% 4538221 $1,551 4% 4538734 $5,176 3% 4538286 $2,163 4% 4538338 $2,264 4% 4538397 $3,266 4% 4538618 $4,710 3% 4538222 $1,530 4% 4538863 $7,986 3% 4538792 $6,606 3% 4538377 $3,139 4% 4538731 $5,563 3% 4533518 $5,974 3% 4529665 $2,242 1% 4530649 $776 1% 4530637 $3,643 3% 4532503 $1,227 1% 4530079 $2,984 2% 4532569 $2,299 3% 4533057 $4,443 3% 4532636 $4,361 3% 4533381 $3,889 2% 4530946 $1,900 3% 4532703 $8,321 3% 4530702 $7,631 3% 4532690 $1,216 1% 4532787 $958 1% 4532299 $2,659 3% 4531830 $6,012 3% 4530406 $3,580 2% 4531425 $4,427 4% 4531121 $2,992 5% 4530296 $9,688 3% 4534183 $3,824 3% 4530246 $2,990 3% 4535536 $3,872 2% 4536042 $896 1% 4536903 $5,701 3% 4539442 $4,418 2% 4539443 $2,038 4% 4536820 $4,323 1% 4538003 $1,740 3% 4536177 $3,699 2% 4537755 $4,610 3% 4536579 $6,492 4% 4536879 $6,064 3% 4535396 $727 1% 4537216 $965 1% 4537904 $7,293 3% 4536383 $10,285 4% 4535807 $2,681 4% 4536200 $2,171 4% 4536460 $8,547 2% 4536580 $7,217 3% 4538766 $5,769 3% 4537837 $5,884 3% 4535232 $8,339 2% 4535311 $3,287 4% 4535638 $2,072 3% 4537373 $5,862 3% 4536305 $1,663 4% 4535770 $5,751 3% 4535829 $1,388 4% 4395012 $8,642 4% (c) 2004 The Murrayhill Company. All Rights Reserved. Section Three Analytics SAIL 2004-2 FICO Distribution by Status Mortgage Data Through: July 31, 2004 FICO Delinquency Percentage 440 Delinquent 0.003 490 Current 0 500 Current 0.014 500 Delinquent 0.03 500 Paid Off 0.013 510 Current 0.028 510 Delinquent 0.071 510 Paid Off 0.03 520 Current 0.037 520 Delinquent 0.052 520 Paid Off 0.031 530 Current 0.035 530 Delinquent 0.076 530 Paid Off 0.041 540 Current 0.038 540 Delinquent 0.06 540 Paid Off 0.044 550 Current 0.044 550 Delinquent 0.09 550 Paid Off 0.052 560 Current 0.046 560 Delinquent 0.057 560 Paid Off 0.041 570 Current 0.039 570 Delinquent 0.073 570 Paid Off 0.037 580 Current 0.042 580 Delinquent 0.063 580 Paid Off 0.04 590 Current 0.043 590 Delinquent 0.057 590 Paid Off 0.05 600 Current 0.053 600 Delinquent 0.041 600 Paid Off 0.055 610 Current 0.056 610 Delinquent 0.049 610 Paid Off 0.046 620 Current 0.064 620 Delinquent 0.046 620 Paid Off 0.066 630 Current 0.064 630 Delinquent 0.033 630 Paid Off 0.069 640 Current 0.062 640 Delinquent 0.027 640 Paid Off 0.052 650 Current 0.057 650 Delinquent 0.024 650 Paid Off 0.053 660 Current 0.05 660 Delinquent 0.024 660 Paid Off 0.057 670 Current 0.044 670 Delinquent 0.019 670 Paid Off 0.044 680 Current 0.037 680 Delinquent 0.024 680 Paid Off 0.033 690 Current 0.033 690 Delinquent 0.019 690 Paid Off 0.042 700 Current 0.023 700 Delinquent 0.019 700 Paid Off 0.023 710 Current 0.019 710 Delinquent 0.005 710 Paid Off 0.014 720 Current 0.018 720 Delinquent 0.005 720 Paid Off 0.015 730 Current 0.011 730 Delinquent 0.003 730 Paid Off 0.011 740 Current 0.012 740 Delinquent 0.011 740 Paid Off 0.008 750 Current 0.01 750 Delinquent 0.003 750 Paid Off 0.012 760 Current 0.007 760 Delinquent 0.003 760 Paid Off 0.008 770 Current 0.006 770 Paid Off 0.006 780 Current 0.005 780 Delinquent 0.003 780 Paid Off 0.003 790 Current 0.002 790 Delinquent 0.003 790 Paid Off 0.001 800 Current 0.001 800 Delinquent 0.005 800 Paid Off 0.001 810 Current 0 810 Delinquent 0.003 Status # of Loans Average Std. Deviation Current 8,197 617 64.085 Delinquent 368 585 63.197 Paid Off 1,152 615 65.741 Total: 9,717 SAIL 2004-2 Loan-to-Value Distribution by Status Mortgage Data Through: July 31, 2004 LTV Delinquency Percentage 0.1 Paid Off 0.019 0.1 Current 0.006 0.1 Delinquent 0.008 0.2 Current 0.061 0.2 Delinquent 0.073 0.2 Paid Off 0.1 0.3 Delinquent 0.008 0.3 Paid Off 0.007 0.3 Current 0.01 0.4 Paid Off 0.016 0.4 Current 0.015 0.5 Delinquent 0.022 0.5 Current 0.028 0.5 Paid Off 0.031 0.6 Current 0.061 0.6 Paid Off 0.065 0.6 Delinquent 0.049 0.7 Paid Off 0.14 0.7 Current 0.132 0.7 Delinquent 0.128 0.8 Paid Off 0.339 0.8 Delinquent 0.38 0.8 Current 0.366 0.9 Paid Off 0.229 0.9 Delinquent 0.288 0.9 Current 0.261 1 Delinquent 0.043 1 Paid Off 0.054 1 Current 0.061 Status # of Loans Average Std. Deviation Current 8,197 0.746 0.192 Delinquent 368 0.746 0.197 Paid Off 1,152 0.707 0.228 Total: 9,717 SAIL 2004-2 Balance Distribution by Status Mortgage Data Through: July 31, 2004 Balance Delinquency Percentage 0 Current 0 10000 Current 0.001 20000 Delinquent 0.005 20000 Current 0.01 30000 Current 0.02 30000 Delinquent 0.027 40000 Current 0.026 40000 Delinquent 0.079 50000 Current 0.042 50000 Delinquent 0.046 60000 Delinquent 0.065 60000 Current 0.044 70000 Current 0.054 70000 Delinquent 0.041 80000 Current 0.046 80000 Delinquent 0.041 90000 Current 0.048 90000 Delinquent 0.054 100000 Delinquent 0.049 100000 Current 0.052 110000 Current 0.047 110000 Delinquent 0.054 120000 Delinquent 0.038 120000 Current 0.044 130000 Delinquent 0.065 130000 Current 0.045 140000 Delinquent 0.033 140000 Current 0.044 150000 Current 0.041 150000 Delinquent 0.033 160000 Current 0.039 160000 Delinquent 0.054 170000 Delinquent 0.03 170000 Current 0.037 180000 Current 0.031 180000 Delinquent 0.019 190000 Current 0.029 190000 Delinquent 0.016 200000 Delinquent 0.005 200000 Current 0.029 210000 Current 0.025 210000 Delinquent 0.027 220000 Current 0.021 220000 Delinquent 0.03 230000 Current 0.019 230000 Delinquent 0.011 240000 Delinquent 0.016 240000 Current 0.017 250000 Delinquent 0.011 250000 Current 0.018 260000 Current 0.016 260000 Delinquent 0.008 270000 Current 0.015 270000 Delinquent 0.035 280000 Delinquent 0.011 280000 Current 0.012 290000 Current 0.01 300000 Current 0.012 300000 Delinquent 0.014 310000 Current 0.008 310000 Delinquent 0.008 320000 Current 0.01 320000 Delinquent 0.005 330000 Delinquent 0.005 330000 Current 0.008 340000 Delinquent 0.005 340000 Current 0.008 350000 Current 0.009 350000 Delinquent 0.003 360000 Delinquent 0.003 360000 Current 0.007 370000 Current 0.004 380000 Current 0.005 380000 Delinquent 0.003 390000 Current 0.005 400000 Delinquent 0.005 400000 Current 0.005 410000 Current 0.003 420000 Current 0.003 420000 Delinquent 0.003 430000 Delinquent 0.003 430000 Current 0.002 440000 Delinquent 0.008 440000 Current 0.002 450000 Current 0.002 460000 Current 0.001 470000 Current 0.002 480000 Current 0.002 490000 Current 0.002 500000 Current 0.003 500000 Delinquent 0.011 510000 Delinquent 0.003 510000 Current 0.001 520000 Current 0.002 530000 Current 0.001 550000 Current 0.001 550000 Delinquent 0.003 560000 Current 0.001 570000 Current 0.001 580000 Delinquent 0.003 580000 Current 0 590000 Delinquent 0.005 590000 Current 0.001 600000 Current 0.001 610000 Current 0 620000 Current 0.001 630000 Current 0 640000 Current 0.001 650000 Delinquent 0.003 650000 Current 0.002 660000 Current 0 670000 Current 0 680000 Current 0 690000 Current 0 700000 Current 0 700000 Delinquent 0.003 740000 Current 0 900000 Current 0 910000 Current 0 950000 Current 0 980000 Current 0 Status # of Loans Average Std. Deviation Current 8,197 164,765.07 109,721.67 Delinquent 368 152,097.05 113,194.22 Total: 8,565 SAIL 2004-2 Mortgage Type Distribution by Status Mortgage Data Through: July 31, 2004 Mortgage Type Delinquency Percentage Investment Home Current 0.085 Investment Home Delinquent 0.098 Investment Home Paid Off 0.081 Primary Home Current 0.907 Primary Home Delinquent 0.902 Primary Home Paid Off 0.911 Second Home Current 0.008 Second Home Paid Off 0.009 Mortgage Type Loan Count Total Avg. Std. Deviation Balance Balance ARM 6,492 1,009,409,719.44 155,485.17 118,281.91 Fixed 3,225 397,141,251.92 123,144.57 108,204.16 Total: 9,717 1,406,550,971.36 SAIL 2004-2 Mortgage Term Distribution by Status Mortgage Data Through: July 31, 2004 Mortgage Term Delinquency Percentage 120 Current 0.001 180 Current 0.064 180 Paid Off 0.102 180 Delinquent 0.057 240 Delinquent 0.008 240 Paid Off 0.023 240 Current 0.021 300 Current 0 360 Delinquent 0.935 360 Paid Off 0.875 360 Current 0.914 # of Loans Other 120 180 240 300 360 9,717 0 6 663 203 2 8,843 SAIL 2004-2 Mortgage Purpose Distribution Mortgage Data Through: July 31, 2004 Origination Statistics Current Loans Delinquent Loans Paid Off Loans Number of Loans: 9,859 Number of Loans: 8,197 Number of Loans: 368 Number of Loans: 1,152 Purpose Number Percentage Purpose Number Percentage Purpose Number Percentage Purpose Number Percentage Cash-out refinance 5,559 56.4% Cash-out refinance 4,630 56.5% Cash-out refinance 173 47.0% Cash-out refinance 695 60.3% Purchase 3,442 34.9% Purchase 2,865 35.0% Purchase 158 42.9% Purchase 355 30.8% Rate/term 723 7.3% Rate/term 589 7.2% Rate/term 32 8.7% Rate/term 85 7.4% Home 1 0.0% Home 1 0.0% Home 0 0.0% Home 0 0.0% Other 134 1.4% Other 112 1.4% Other 5 1.4% Other 17 1.5% Total 9,859 100% Total 8,197 100% Total 368 100% Total 1,152 100% SAIL 2004-2 Ownership Distribution by Status Mortgage Data Through: July 31, 2004 Ownership Type Delinquency Percentage Investment Home Current 0.085 Investment Home Delinquent 0.098 Investment Home Paid Off 0.081 Primary Home Current 0.907 Primary Home Delinquent 0.902 Primary Home Paid Off 0.911 Second Home Current 0.008 Second Home Paid Off 0.009 Title # of Loans Investment Home 824 Primary Home 8,814 Second Home 79 Total: 9,717 SAIL 2004-2 Delinquent Balance Over Time Mortgage Data Through: July 31, 2004 Total Balance in Status As Of Date 30 Days 60 Days 90 Days Foreclosure REO 7/31/2004 $ 24,280,813 $ 10,721,046 $ 4,356,738 $ 16,417,930 $ 195,186 6/30/2004 $ 25,133,468 $ 7,081,057 $ 3,812,533 $ 12,062,733 $ 112,026 5/31/2004 $ 20,754,044 $ 6,234,019 $ 2,734,292 $ 8,233,200 $ 76,500 4/30/2004 $ 16,965,102 $ 7,113,054 $ 2,603,717 $ 3,688,013 $ - 3/31/2004 $ 18,216,348 $ 2,411,130 $ 1,841,496 $ 1,827,442 $ - 2/29/2004 $ 9,549,490 $ 2,337,569 $ 119,502 $ 557,824 $ - SAIL 2004-2 Delinquent Count Over Time Mortgage Data Through: July 31, 2004 Total Count in Status As Of Date 30 Days 60 Days 90 Days Foreclosure REO 7/31/2004 170 64 40 91 3 6/30/2004 146 45 31 71 2 5/31/2004 135 41 21 48 1 4/30/2004 101 39 19 23 0 3/31/2004 111 13 11 13 0 2/29/2004 61 16 1 6 0 SAIL 2004-2 Conditional Prepayment Rates Mortgage Data Through: July 31, 2004 Date * Distribution Date CPR 3-Month MA 31-Jul-04 25-Aug-04 39.87% 32.76% 30-Jun-04 25-Jul-04 33.56% 30.86% 31-May-04 25-Jun-04 23.90% 30-Apr-04 25-May-04 34.63% 31-Mar-04 25-Apr-04 20.27% 6-Month MA 12-Month MA * Data in table is displayed for only the most recent 18 months. SAIL 2004-2 SDA Performance Mortgage Data Through: July 31, 2004 Monthly Group Balance WA Age Default Amt SAIL 2004-2 $1,406,550,971.36 8.67 $83,159.60 TOTAL $1,406,550,971.36 8.67 $83,159.60 Default Rate CDR SDA Curve SDA % 0.00% 0.00% 0.17% 0.00% 0.00% 0.00% 0.17% 0% (c) 2004 The Murrayhill Company. All Rights Reserved.

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