8-K 1 sai04002_dec.txt DECEMBER 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 27, 2004 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106925-24 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 December 27, 2004 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-2 Trust . ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the December 27, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/27/2004 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 December 27, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report EX-99.1

Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~SAIL~~Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates 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 2.~~04250~~29000% ~~199~~169,~~353~~278,~~930~~777.5463 ~~361~~333,~~938~~808.1135 3031,~~075~~583,~~152~~864.9183 1-A2 86358EGJ9 SEN 2.50900% 247,338,000.00 517,142.5054 0.00 2-A 86358EGK6 SEN 2.~~17250~~42000% ~~358~~332,~~665~~118,~~937~~199.7632 692,~~623~~097.7343 2627,~~547~~242,~~738~~071.4425 3-A1 86358EGL4 SEN 2.~~04250~~29000% 9377,~~127~~474,~~638~~448.9413 ~~169~~152,~~078~~775.3931 15,~~653~~997,~~190~~563.8187 3-A2 86358EGM2 SEN 2.31700% 133,583,000.00 257,926.4951 0.00 A-SIO 86358EGN0 SEN 0.00000% 0.00 0.00 0.00 A4 86358EGW0 SEN 2.~~40250~~65000% 57,867,000.00 ~~123~~132,~~578~~049.1928 0.00 M1 86358EGP5 MEZ 2.~~53250~~78000% 86,801,000.00 ~~195~~207,~~398~~791.6995 0.00 M2 86358EGQ3 MEZ 3.~~08250~~33000% 22,320,000.00 6164,~~156~~002.8060 0.00 M3 86358EGR1 MEZ 3.~~33250~~58000% 20,667,000.00 6163,~~220~~711.2477 0.00 M4 86358EGS9 MEZ 3.~~58250~~83000% 20,667,000.00 6568,~~812~~160.91 0.00 M5 86358EGT7 MEZ 3.~~68250~~93000% 20,667,000.00 6769,~~649~~940.9857 0.00 M6 86358EGU4 MEZ 4.~~68250~~93000% 12,399,000.00 5152,~~607~~637.3920 0.00 B SAI04002B SUB 45.~~93250~~18000% 6,613,000.00 2829,~~994~~497.3365 0.00 X SAI04002X MEZ 0.00000% 8,272,173.00 43,~~215~~842,~~580~~233.9821 0.00 P SAI04002P MEZ 0.00000% 100.00 1,~~212~~166,~~684~~443.7917 0.00 R SAI0402R1 RES 0.00000% 0.00 0.00 0.00 Totals 1,~~288~~216,~~341~~065,~~780~~698.2408 87,~~082~~650,~~393~~218.5245 7274,~~276~~823,~~082~~499.1695

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 ~~169~~137,~~278~~694,~~777~~912.6380 3031,~~437~~917,~~091~~673.0218 0.00 1-A2 0.00 247,338,000.00 517,142.5054 0.00 2-A 0.00 ~~332~~304,~~118~~876,~~199~~128.3207 27,~~240~~934,~~362~~168.1768 0.00 3-A1 0.00 7761,~~474~~476,~~448~~884.1326 1516,~~822~~150,~~269~~339.2018 0.00 3-A2 0.00 133,583,000.00 257,926.4951 0.00 A-SIO 0.00 0.00 0.00 0.00 A4 0.00 57,867,000.00 ~~123~~132,~~578~~049.1928 0.00 M1 0.00 86,801,000.00 ~~195~~207,~~398~~791.6995 0.00 M2 0.00 22,320,000.00 6164,~~156~~002.8060 0.00 M3 0.00 20,667,000.00 6163,~~220~~711.2477 0.00 M4 0.00 20,667,000.00 6568,~~812~~160.91 0.00 M5 0.00 20,667,000.00 6769,~~649~~940.9857 0.00 M6 0.00 12,399,000.00 5152,~~607~~637.3920 0.00 B 0.00 6,613,000.00 2829,~~994~~497.3365 0.00 X 0.00 8,272,173.00 43,~~215~~842,~~580~~233.9821 0.00 P 0.00 100.00 1,~~212~~166,~~684~~443.7917 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1,~~216~~141,~~065~~242,~~698~~198.0813 8082,~~358~~473,~~475~~718.6840 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 ~~199~~169,~~353~~278,~~930~~777.5463 0.00 3031,~~075~~583,~~152~~864.9183 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 ~~358~~332,~~665~~118,~~937~~199.7632 0.00 2627,~~547~~242,~~738~~071.4425 0.00 0.00 3-A1 185,493,000.00 9377,~~127~~474,~~638~~448.9413 0.00 15,~~653~~997,~~190~~563.8187 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,~~288~~216,~~341~~065,~~780~~698.2408 0.00 7274,~~276~~823,~~082~~499.1695 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 3031,~~075~~583,~~152~~864.9183 ~~169~~137,~~278~~694,~~777~~912.6380 0.~~49679020~~40409958 3031,~~075~~583,~~152~~864.9183 1-A2 0.00 247,338,000.00 1.00000000 0.00 2-A 2627,~~547~~242,~~738~~071.4425 ~~332~~304,~~118~~876,~~199~~128.3207 0.~~67789047~~62228635 2627,~~547~~242,~~738~~071.4425 3-A1 15,~~653~~997,~~190~~563.8187 7761,~~474~~476,~~448~~884.1326 0.~~41766777~~33142428 15,~~653~~997,~~190~~563.8187 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 7274,~~276~~823,~~082~~499.1695 1,~~216~~141,~~065~~242,~~698~~198.0813 0.~~73551118~~69025579 7274,~~276~~823,~~082~~499.1695

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 ~~585~~496.~~05313516~~79020273 0.00000000 8892.~~26293243~~69061859 0.00000000 1-A2 247,338,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A 489,929,000.00 ~~732~~677.~~07737807~~89046846 0.00000000 5455.~~18690961~~60412070 0.00000000 3-A1 185,493,000.00 ~~502~~417.~~05473490~~66777253 0.00000000 8486.~~38696237~~24349097 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 8892.~~26293243~~69061859 ~~496~~404.~~79020273~~09958415 0.~~49679020~~40409958 8892.~~26293243~~69061859 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A 0.00000000 5455.~~18690961~~60412070 ~~677~~622.~~89046846~~28634776 0.~~67789047~~62228635 5455.~~18690961~~60412070 3-A1 0.00000000 8486.~~38696237~~24349097 ~~417~~331.~~66777253~~42428156 0.~~41766777~~33142428 8486.~~38696237~~24349097 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 2.~~04250~~29000% ~~199~~169,~~353~~278,~~930~~777.5463 ~~361~~333,~~938~~808.1435 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 2.~~17250~~42000% ~~358~~332,~~665~~118,~~937~~199.7632 692,~~623~~097.7843 0.00 0.00 3-A1 185,493,000.00 2.~~04250~~29000% 9377,~~127~~474,~~638~~448.9413 ~~169~~152,~~078~~775.4031 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% 1950,~~004~~227,~~849,374~~203.0012 0.00 0.00 0.00 A4 57,867,000.00 2.~~40250~~65000% 57,867,000.00 ~~123~~132,~~578~~049.1928 0.00 0.00 M1 86,801,000.00 2.~~53250~~78000% 86,801,000.00 ~~195~~207,~~398~~791.7095 0.00 0.00 M2 22,320,000.00 3.~~08250~~33000% 22,320,000.00 6164,~~156~~002.8060 0.00 0.00 M3 20,667,000.00 3.~~33250~~58000% 20,667,000.00 6163,~~220~~711.2577 0.00 0.00 M4 20,667,000.00 3.~~58250~~83000% 20,667,000.00 6568,~~812~~160.91 0.00 0.00 M5 20,667,000.00 3.~~68250~~93000% 20,667,000.00 6769,~~649~~940.9857 0.00 0.00 M6 12,399,000.00 4.~~68250~~93000% 12,399,000.00 5152,~~607~~637.3920 0.00 0.00 B 6,613,000.00 45.~~93250~~18000% 6,613,000.00 2829,~~994~~497.3365 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,~~654~~641,~~127~~542.9207 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 0.0200 0.00 ~~361~~333,~~938~~808.1135 0.00 ~~169~~137,~~278~~694,~~777~~912.6380 1-A2 (0.0301) 0.00 517,142.5054 0.00 247,338,000.00 2-A (0.0401) 0.00 692,~~623~~097.7343 0.00 ~~332~~304,~~118~~876,~~199~~128.3207 3-A1 0.0100 0.00 ~~169~~152,~~078~~775.3931 0.00 7761,~~474~~476,~~448~~884.1326 3-A2 0.0200 0.00 257,926.4951 0.00 133,583,000.00 A-SIO 0.00 0.00 0.00 0.00 ~~950~~892,~~227~~161,~~203~~547.1251 A4 0.0100 0.00 ~~123~~132,~~578~~049.1928 0.00 57,867,000.00 M1 0.0100 0.00 ~~195~~207,~~398~~791.6995 0.00 86,801,000.00 M2 0.00 0.00 6164,~~156~~002.8060 0.00 22,320,000.00 M3 0.00 0.00 6163,~~220~~711.2477 0.00 20,667,000.00 M4 0.00 0.00 6568,~~812~~160.91 0.00 20,667,000.00 M5 0.00 0.00 6769,~~649~~940.9857 0.00 20,667,000.00 M6 0.00 0.00 5152,~~607~~637.3920 0.00 12,399,000.00 B 0.00 0.00 2829,~~994~~497.3365 0.00 6,613,000.00 X 0.00 0.00 43,~~215~~842,~~580~~233.9821 0.00 8,272,173.00 P 0.00 0.00 1,~~212~~166,~~684~~443.7917 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals (0.1402) 0.00 87,~~082~~650,~~393~~218.5245 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 2.~~04250~~29000% ~~585~~496.~~05313516~~79020273 10.~~06219648~~97964269 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 2.~~17250~~42000% ~~732~~677.~~07737807~~89046846 1.~~41372276~~41264842 0.00000000 0.00000000 3-A1 185,493,000.00 2.~~04250~~29000% ~~502~~417.~~05473490~~66777253 0.~~91150825~~82361766 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% ~~809~~765.~~47653465~~47455112 0.00000000 0.00000000 0.00000000 A4 57,867,000.00 2.~~40250~~65000% 1000.00000000 2.~~13555550~~28194446 0.00000000 0.00000000 M1 86,801,000.00 2.~~53250~~78000% 1000.00000000 2.~~25111116~~39388890 0.00000000 0.00000000 M2 22,320,000.00 3.~~08250~~33000% 1000.00000000 2.~~74000000~~86750000 0.00000000 0.00000000 M3 20,667,000.00 3.~~33250~~58000% 1000.00000000 23.~~96222238~~08277786 0.00000000 0.00000000 M4 20,667,000.00 3.~~58250~~83000% 1000.00000000 3.~~18444428~~29805535 0.00000000 0.00000000 M5 20,667,000.00 3.~~68250~~93000% 1000.00000000 3.~~27333333~~38416655 0.00000000 0.00000000 M6 12,399,000.00 4.~~68250~~93000% 1000.00000000 4.~~16222195~~24527784 0.00000000 0.00000000 B 6,613,000.00 45.~~93250~~18000% 1000.00000000 4.~~38444428~~46055497 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.~~00000006~~00000000 0.00000000 10.~~06219639~~97964269 0.00000000 ~~496~~404.~~79020273~~09958415 1-A2 (0.~~00000012~~00000004) 0.00000000 2.~~09083319~~09083335 0.00000000 1000.00000000 2-A (0.~~00000008~~00000002) 0.00000000 1.~~41372266~~41264842 0.00000000 ~~677~~622.~~89046846~~28634776 3-A1 0.~~00000005~~00000000 0.00000000 0.~~91150820~~82361766 0.00000000 ~~417~~331.~~66777253~~42428156 3-A2 0.~~00000015~~00000000 0.00000000 1.~~93083319~~93083334 0.00000000 1000.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 ~~765~~718.~~47455112~~69859952 A4 0.~~00000017~~00000000 0.00000000 2.~~13555550~~28194446 0.00000000 1000.00000000 M1 0.~~00000012~~00000000 0.00000000 2.~~25111105~~39388890 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~74000000~~86750000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 23.~~96222190~~08277786 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~18444428~~29805535 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.~~27333333~~38416655 0.00000000 1000.00000000 M6 0.00000000 0.00000000 4.~~16222195~~24527784 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.~~38444428~~46055497 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~509~~464.~~60981189~~47684262 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 8183,~~461~~512,~~010~~541.4208 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) (~~142~~132,~~510~~179.45) Prepayment Penalties 0.00 Total Deposits 8183,~~318~~380,~~499~~361.9763 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~960~~906,~~024~~643.2923 Payment of Interest and Principal 8082,~~358~~473,~~475~~718.6840 Total Withdrawals (Pool Distribution Amount) 8183,~~318~~380,~~499~~361.9763 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~467~~440,~~083~~763.8619 Credit Risk Fee 1615,~~104~~200.2782 PMI Insurance Premium Fee ~~476~~450,~~836~~679.1622 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~960~~906,~~024~~643.2923

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 1819 0 0 1819 1,~~836~~942,~~724~~754.0555 0.00 0.00 1,~~836~~942,~~724~~754.0555 30 Days ~~185~~178 15 0 0 ~~186~~183 3028,~~535~~099,~~876~~513.5876 ~~113~~698,~~980~~977.4448 0.00 0.00 3028,~~649~~798,~~857~~491.0224 60 Days 5364 67 811 0 6782 710,~~786~~660,~~804~~772.0800 ~~731~~806,~~431~~425.2842 1,~~099~~456,~~677~~441.7400 0.00 912,~~617~~923,~~913~~638.1042 90 Days 1917 32 3533 0 5752 32,~~320~~395,~~766~~837.8265 ~~755~~393,~~153~~760.9826 45,~~060~~307,~~447~~311.5859 0.00 8,~~136~~096,~~368~~909.3850 120 Days 85 36 1732 02 2845 1,~~279~~261,~~043~~824.4987 ~~254~~488,~~315~~155.5689 24,~~387~~197,~~784~~963.8387 0126,869.0045 36,~~921~~074,~~143~~814.8808 150 Days 5 54 3214 62 4825 ~~712~~853,~~517~~654.8705 ~~382~~270,~~293~~697.6786 52,~~691~~029,~~151~~658.9647 ~~865~~133,~~023~~667.3408 73,~~650~~287,~~986~~677.8446 180+ Days 69 21 4871 1319 88120 ~~814~~722,~~388~~035.5665 2,~~438~~486,~~837~~833.2759 812,~~861~~083,~~545~~254.6142 12,~~161~~880,~~646~~498.0047 1318,~~276~~172,~~417~~622.4413 Totals ~~276~~278 5764 ~~140~~161 1923 ~~492~~526 4443,~~449~~993,~~397~~637.4098 67,~~512~~087,~~736~~605.2505 2225,~~100~~074,~~607~~629.7235 23,~~026~~141,~~669~~035.3400 7579,~~089~~296,~~410~~907.7138 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.~~239234~~267154% 0.000000% 0.000000% 0.~~239234~~267154% 0.~~150898~~170063% 0.000000% 0.000000% 0.~~150898~~170063% 30 Days 2.~~458799~~502812% 0.~~013291~~070304% 0.000000% 0.000000% 2.~~472089~~573116% 2.~~508705~~459750% 0.~~009364~~061186% 0.000000% 0.000000% 2.~~518069~~520936% 60 Days 0.~~704413~~899888% 0.~~079745~~098425% 0.~~106326~~154668% 0.000000% 01.~~890484~~152981% 0.~~639733~~933213% 0.~~060091~~070592% 0.~~090345~~127493% 0.000000% 01.~~790169~~131298% 90 Days 0.~~252525~~239033% 0.~~039872~~028121% 0.~~465178~~464004% 0.000000% 0.~~757576~~731159% 0.~~272821~~209725% 0.~~062040~~034469% 0.~~333590~~464587% 0.000000% 0.~~668451~~708780% 120 Days 0.~~106326~~070304% 0.~~039872~~084364% 0.~~225944~~449944% 0.~~000000~~028121% 0.~~372142~~632733% 0.~~105081~~110456% 0.~~020894~~042732% 0.~~196171~~367478% 0.~~000000~~011106% 0.~~322145~~531772% 150 Days 0.~~066454~~070304% 0.~~066454~~056243% 0.~~425306~~196850% 0.~~079745~~028121% 0.~~637959~~351519% 0.~~058538~~074726% 0.~~031408~~023696% 0.~~467562~~177670% 0.~~071067~~011701% 0.~~628574~~287794% 180+ Days 0.~~079745~~126547% 0.~~279107~~295276% 0.~~637959~~998313% 0.~~172780~~267154% 1.~~169591~~687289% 0.~~066907~~063205% 0.~~200365~~217690% 01.~~728029~~057733% 0.~~095436~~252150% 1.~~090737~~590779% Totals 3.~~668262~~908886% 0.~~757576~~899888% 12.~~860712~~263780% 0.~~252525~~323397% 67.~~539075~~395951% 3.~~651784~~851075% 0.~~535060~~620428% 12.~~815697~~194960% 0.~~166503~~274957% 6.~~169044~~941421%

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 35 0 0 35 ~~205~~365,~~792~~115.1019 0.00 0.00 ~~205~~365,~~792~~115.1019 30 Days 1720 0 0 0 1720 21,~~062~~956,~~250~~516.5379 0.00 0.00 0.00 21,~~062~~956,~~250~~516.5379 60 Days 58 1 1 0 710 ~~620~~1,~~266~~187,932.19 6064,~~931~~774.8603 ~~133~~203,~~337~~554.0890 0.00 ~~814~~1,~~535~~456,261.1312 90 Days 24 01 32 0 57 ~~412~~681,~~771~~817.3609 060,931.0086 ~~415~~181,~~529~~410.5359 0.00 ~~828~~924,~~300~~159.8954 120 Days 01 1 21 0 3 0268,626.0034 52,~~381~~357.6640 ~~225~~104,~~580~~089.5506 0.00 ~~277~~425,~~962~~072.2180 150 Days 1 0 1 1 0 2 ~~53,875.16~~ 0.00 ~~113~~44,~~952~~651.5853 180,929.02 0.00 ~~167~~225,~~827~~580.7455 180 Days 1 3 3 2 95 251 11 114,~~000~~401.0003 ~~267~~148,~~662~~889.8574 ~~146~~379,~~491~~217.8756 7539,~~493~~967.2538 ~~514~~682,~~647~~475.9771 Totals 2636 811 10 21 4658 34,~~174~~209,~~163~~293.2444 ~~586~~736,~~768~~719.4775 1,~~034~~049,~~891~~201.6113 7539,~~493~~967.2538 46,~~871~~035,~~316~~181.5770 0-29 Days 0.~~244300~~426257% 0.000000% 0.000000% 0.~~244300~~426257% 0.~~130658~~244848% 0.000000% 0.000000% 0.~~130658~~244848% 30 Days 1.~~384365~~705030% 0.000000% 0.000000% 0.000000% 1.~~384365~~705030% 1.~~309327~~312051% 0.000000% 0.000000% 0.000000% 1.~~309327~~312051% 60 Days 0.~~407166~~682012% 0.~~081433~~085251% 0.~~081433~~085251% 0.000000% 0.~~570033~~852515% 0.~~393808~~796634% 0.~~038686~~043438% 0.~~084656~~136505% 0.000000% 0.~~517150~~976577% 90 Days 0.~~162866~~341006% 0.~~000000~~085251% 0.~~244300~~170503% 0.000000% 0.~~407166~~596760% 0.~~262069~~457230% 0.~~000000~~040861% 0.~~263820~~121655% 0.000000% 0.~~525890~~619746% 120 Days 0.~~000000~~085251% 0.~~081433~~085251% 0.~~162866~~085251% 0.000000% 0.~~244300~~255754% 0.~~000000~~180142% 0.~~033257~~035111% 0.~~143222~~069803% 0.000000% 0.~~176479~~285056% 150 Days 0.~~081433~~000000% 0.~~000000~~085251% 0.~~081433~~085251% 0.000000% 0.~~162866~~170503% 0.~~034205~~000000% 0.~~000000~~029944% 0.~~072349~~121332% 0.000000% 0.~~106554~~151276% 180 Days 0.~~081433~~255754% 0.~~244300~~170503% 0.~~244300~~426257% 0.~~162866~~085251% 0.~~732899~~937766% 0.~~015873~~076718% 0.~~169940~~099846% 0.~~093008~~254305% 0.~~047931~~026802% 0.~~326751~~457672% Totals 23.~~117264~~069054% 0.~~651466~~937766% 0.~~814332~~852515% 0.~~162866~~085251% 34.~~745928~~944587% 2.~~015282~~822775% 0.~~372540~~494048% 0.~~657055~~703600% 0.~~047931~~026802% 34.~~092808~~047226% 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 34 0 0 34 ~~449~~488,~~165~~387.2619 0.00 0.00 ~~449~~488,~~165~~387.2619 30 Days 6661 1 0 0 6762 108,~~547~~365,~~075~~337.9961 ~~113~~258,~~980~~032.4466 0.00 0.00 108,~~661~~623,~~056~~370.4327 60 Days 2229 12 32 0 2633 34,~~074~~152,~~394~~785.8355 ~~246~~298,~~844~~846.4907 ~~327~~284,~~453~~089.0823 0.00 34,~~648~~735,~~692~~720.4085 90 Days 53 0 14 0 1917 ~~655~~607,~~493~~199.2991 0.00 1,~~820~~574,~~708~~450.5427 0.00 2,~~476~~181,~~201~~650.8318 120 Days 20 0 815 0 1015 ~~307,263~~0.9700 0.00 1,~~071~~987,~~742~~464.7042 0.00 1,~~379~~987,~~006~~464.6742 150 Days 1 10 68 31 1110 ~~190~~56,~~566~~105.3139 ~~54,634~~0.3800 ~~908~~1,~~995~~103,210.3718 ~~580~~37,~~740~~723.40 1,~~734~~197,~~936~~038.4697 180 Days 0 2 135 415 196 028 117,987.0023 ~~241~~569,~~665~~975.6882 12,~~957~~097,~~503~~695.3259 ~~373~~1,~~632~~106,088.0856 23,~~572~~891,~~801~~747.0820 Totals 96 812 4454 7 ~~155~~169 1413,~~774~~299,~~794~~415.3969 1,~~106~~615,~~290~~241.2574 67,~~086~~046,~~403~~909.0169 ~~954~~1,~~372~~143,811.4896 2223,~~921~~105,~~860~~379.1308 0-29 Days 0.~~125576~~177148% 0.000000% 0.000000% 0.~~125576~~177148% 0.~~122216~~141817% 0.000000% 0.000000% 0.~~122216~~141817% 30 Days 2.~~762662~~701506% 0.~~041859~~044287% 0.000000% 0.000000% 2.~~804521~~745793% 2.~~869817~~429118% 0.~~031014~~074927% 0.000000% 0.000000% 2.~~900831~~504045% 60 Days 01.~~920887~~284322% 0.~~041859~~088574% 0.~~125576~~088574% 0.000000% 1.~~088321~~461470% 01.~~836530~~205882% 0.~~067165~~086779% 0.~~089099~~082494% 0.000000% 01.~~992795~~375154% 90 Days 0.~~209293~~132861% 0.000000% 0.~~586019~~620018% 0.000000% 0.~~795312~~752879% 0.~~178357~~176318% 0.000000% 0.~~495407~~457187% 0.000000% 0.~~673765~~633505% 120 Days 0.~~083717~~000000% 0.000000% 0.~~334868~~664305% 0.000000% 0.~~418585~~664305% 0.~~083605~~000000% 0.000000% 0.~~291617~~577118% 0.000000% 0.~~375222~~577118% 150 Days 0.~~041859~~044287% 0.~~041859~~000000% 0.~~251151~~354296% 0.~~125576~~044287% 0.~~460444~~442870% 0.~~051852~~016292% 0.~~014866~~000000% 0.~~247334~~320349% 0.~~158017~~010954% 0.~~472069~~347595% 180 Days 0.~~000000~~088574% 0.~~083717~~221435% 0.~~544161~~664305% 0.~~167434~~265722% 01.~~795312~~240035% 0.~~000000~~034261% 0.~~065756~~165509% 0.~~532629~~609127% 0.~~101664~~321185% 01.~~700049~~130082% Totals 4.~~018418~~251550% 0.~~334868~~531444% 12.~~841775~~391497% 0.~~293010~~310009% 67.~~488070~~484500% 43.~~020162~~861871% 0.~~301017~~469032% 12.~~656086~~046274% 0.~~259681~~332139% 6.~~236946~~709316% 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 42 0 0 42 ~~174~~127,~~282~~927.6650 0.00 0.00 ~~174~~127,~~282~~927.6650 30 Days 1215 01 0 0 1216 1,~~281~~769,~~421~~220.1476 019,871.0001 0.00 0.00 1,~~281~~789,~~421~~091.1477 60 Days 91 0 01 0 92 ~~838~~40,~~734~~251.8480 0.00 088,945.0084 0.00 ~~838~~129,~~734~~197.8464 90 Days 24 0 12 0 36 ~~416~~180,~~297~~426.3512 0.00 ~~109~~442,~~721~~284.6685 0.00 ~~526~~622,~~019~~710.0197 120 Days 0 1 2 0 3 0.00 ~~5 61~~121,~~014~~764.8438 ~~0.00 530~~404,~~126~~254.4063 0.00 ~~591~~526,~~141~~019.2401 150 Days 1 1 01 01 24 2435,~~884~~918.1186 3525,~~843~~095.9998 075,603.0099 095,943.0068 60232,~~728~~562.1051 180 Days 20 23 4 0 87 ~~80,035~~0.2400 ~~128~~164,~~849~~693.1716 507,195.76 0.00 ~~716~~671,~~080~~888.1792 Totals 2821 7 8 010 431 40 2,~~702~~025,~~387~~817.5254 ~~338~~459,~~975~~352.8203 1,~~147~~518,~~043~~285.8207 095,943.0068 4,~~188~~099,~~407~~398.1632 0-29 Days 0.~~373832~~199005% 0.000000% 0.000000% 0.~~373832~~199005% 0.~~139029~~109671% 0.000000% 0.000000% 0.~~139029~~109671% 30 Days 1.~~121495~~492537% 0.~~000000~~099502% 0.000000% 0.000000% 1.~~121495~~592040% 1.~~022219~~516739% 0.~~000000~~017035% 0.000000% 0.000000% 1.~~022219~~533775% 60 Days 0.~~841121~~099502% 0.000000% 0.~~000000~~099502% 0.000000% 0.~~841121~~199005% 0.~~669078~~034508% 0.000000% 0.~~000000~~076253% 0.000000% 0.~~669078~~110760% 90 Days 0.~~186916~~398010% 0.000000% 0.~~093458~~199005% 0.000000% 0.~~280374~~597015% 0.~~332090~~154678% 0.000000% 0.~~087527~~379167% 0.000000% 0.~~419617~~533845% 120 Days 0.~~186916~~000000% 0.~~000000~~099502% 0.~~280374~~199005% 0.000000% 0.~~467290~~298507% 0.~~048673~~000000% 0.~~000000~~104388% 0.~~422894~~346564% 0.000000% 0.~~471567~~450952% 150 Days 0.~~093458~~099502% 0.~~093458~~099502% 0.~~000000~~099502% 0.~~000000~~099502% 0.~~186916~~398010% 0.~~019851~~030793% 0.~~028594~~021515% 0.~~000000~~064815% 0.~~000000~~082252% 0.~~048444~~199374% 180 Days 0.~~186916~~000000% 0.~~186916~~298507% 0.~~373832~~398010% 0.000000% 0.~~747664~~696517% 0.~~063846~~000000% 0.~~102786~~141190% 0.~~404602~~434815% 0.000000% 0.~~571234~~576005% Totals 2.~~616822~~089552% 0.~~654206~~796020% 0.~~747664~~995025% 0.~~000000~~099502% 43.~~018692~~980100% 21.~~155756~~736718% 0.~~270409~~393799% 01.~~915023~~301614% 0.~~000000~~082252% 3.~~341188~~514383% 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 7 0 0 7 ~~976~~930,~~476~~317.3600 0.00 0.00 ~~976~~930,~~476~~317.3600 30 Days 7462 02 0 0 7464 10,~~686~~191,~~132~~562.8748 0293,633.0079 0.00 0.00 10,~~686~~485,~~132~~196.8727 60 Days 1320 3 2 6 0 1828 12,~~395~~854,~~837~~364.3375 ~~340~~263,~~266~~955.0725 ~~147~~815,~~739~~652.9763 0.00 13,~~883~~933,~~843~~972.3763 90 Days 65 10 1510 0 2215 ~~854~~588,~~638~~304.7329 ~~72,115~~0.2100 1854,~~494,391~~444.7516 0.00 21,~~421~~442,~~145~~748.6945 120 Days 30 4 12 2 318 0.00 ~~8 399~~314,~~680~~034.3111 ~~201~~1,~~933~~482,059.9066 ~~515~~126,~~505~~869.8245 ~~0.00~~ 1,~~117~~922,~~120~~963.0322 150 Days 2 21 193 20 256 ~~443~~250,~~192~~545.2943 ~~228~~137,~~154~~338.1178 2625,~~639,029~~085.2692 ~~85,395~~0.0600 31,~~395~~012,~~770~~970.7213 180 Days 01 118 1430 47 2946 079,937.0050 1,~~516~~000,~~568~~884.6129 24,~~202~~222,~~973~~788.3401 ~~449~~882,~~145~~505.6888 46,~~168~~186,~~687~~115.6368 Totals 9890 2624 5361 69 ~~183~~184 13,~~779~~964,~~481~~714.5345 32,~~335~~940,~~514~~163.2622 68,~~999~~000,~~640~~030.1438 ~~534~~1,~~540~~009,375.7433 2425,~~649~~914,~~176~~283.6738 0-29 Days 0.~~355330~~377155% 0.000000% 0.000000% 0.~~355330~~377155% 0.~~328658~~334059% 0.000000% 0.000000% 0.~~328658~~334059% 30 Days 3.~~756345~~340517% 0.~~000000~~107759% 0.000000% 0.000000% 3.~~756345~~448276% 3.~~596696~~659591% 0.~~000000~~105438% 0.000000% 0.000000% 3.~~596696~~765029% 60 Days 01.~~659898~~077586% 0.~~152284~~107759% 0.~~101523~~323276% 0.000000% 01.~~913706~~508621% 01.~~469805~~024947% 0.~~114525~~094781% 0.~~049726~~292885% 0.000000% 01.~~634056~~412613% 90 Days 0.~~304569~~269397% 0.~~050761~~000000% 0.~~761421~~538793% 0.000000% 10.~~116751~~808190% 0.~~287651~~211249% 0.~~024272~~000000% 0.~~502976~~306814% 0.000000% 0.~~814899~~518063% 120 Days 0.~~152284~~000000% 0.~~101523~~215517% 0.~~152284~~646552% 0.~~000000~~107759% 0.~~406091~~969828% 0.~~134523~~000000% 0.~~067966~~112764% 0.~~173507~~532179% 0.~~000000~~045556% 0.~~375996~~690499% 150 Days 0.~~101523~~107759% 0.~~101523~~053879% 0.~~964467~~161638% 0.~~101523~~000000% 10.~~269036~~323276% 0.~~149168~~089966% 0.~~076791~~049316% 0.~~888234~~224456% 0.~~028742~~000000% 10.~~142935~~363738% 180 Days 0.~~000000~~053879% 0.~~558376~~431034% 01.~~710660~~616379% 0.~~203046~~377155% 12.~~472081~~478448% 0.~~000000~~028704% 0.~~510441~~359398% 01.~~741468~~516321% 0.~~151172~~316891% 12.~~403080~~221313% Totals 4.~~974619~~849138% 1.~~319797~~293103% 23.~~690355~~286638% 0.~~304569~~484914% 9.~~289340~~913793% 45.~~637843~~014456% 1.~~122654~~055755% 2.~~355911~~872655% 0.~~179914~~362447% 89.~~296321~~305314% 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 1 0 0 1 31,007.67 0.00 0.00 31,007.67 30 Days 25 01 0 0 26 ~~607~~1,~~816~~460,002.5390 0127,440.0002 0.00 0.00 ~~607~~1,~~816~~587,442.5392 60 Days 01 0 0 0 01 025,786.0026 0.00 0.00 0.00 025,786.0026 90 Days 31 0 10 0 41 ~~501~~338,~~486~~090.0624 0.00 ~~127,099~~0.6800 0.00 ~~628~~338,~~585~~090.7424 120 Days 02 0 01 0 03 0163,151.0059 0.00 0127,099.0068 0.00 0290,251.0027 150 Days 0 1 0 0 1 0.00 63,~~661~~611.1957 0.00 0.00 63,~~661~~611.1957 180 Days 2 0 1 2 5 210,822.01 0.00 199,735.18 180,262.91 590,820.10 Totals 711 23 2 2 1318 12,~~320~~197,~~124~~853.6000 94222,~~668~~059.8626 326,834.86 180,262.91 12,~~921~~927,~~891~~010.2303 0-29 Days 0.~~340136~~350877% 0.000000% 0.000000% 0.~~340136~~350877% 0.~~042615~~044110% 0.000000% 0.000000% 0.~~042615~~044110% 30 Days 01.~~680272~~754386% 0.~~000000~~350877% 0.000000% 0.000000% 02.~~680272~~105263% 02.~~835352~~076911% 0.~~000000~~181288% 0.000000% 0.000000% 02.~~835352~~258199% 60 Days 0.~~000000~~350877% 0.000000% 0.000000% 0.000000% 0.~~000000~~350877% 0.~~000000~~036682% 0.000000% 0.000000% 0.000000% 0.~~000000~~036682% 90 Days 10.~~020408~~350877% 0.000000% 0.~~340136~~000000% 0.000000% 10.~~360544~~350877% 0.~~689217~~480946% 0.000000% 0.~~174679~~000000% 0.000000% 0.~~863896~~480946% 120 Days 0.~~000000~~701754% 0.000000% 0.~~000000~~350877% 0.000000% 01.~~000000~~052632% 0.~~000000~~232089% 0.000000% 0.~~000000~~180804% 0.000000% 0.~~000000~~412894% 150 Days 0.000000% 0.~~340136~~350877% 0.000000% 0.000000% 0.~~340136~~350877% 0.000000% 0.~~087493~~090490% 0.000000% 0.000000% 0.~~087493~~090490% 180 Days 0.~~680272~~701754% 0.000000% 0.~~340136~~350877% 0.~~680272~~701754% 1.~~700680~~754386% 0.~~289743~~299902% 0.000000% 0.~~274506~~284131% 0.~~247744~~256431% 0.~~811993~~840464% Totals 23.~~380952~~859649% 01.~~680272~~052632% 0.~~680272~~701754% 0.~~680272~~701754% 46.~~421769~~315789% 13.~~814311~~126531% 0.~~130108~~315888% 0.~~449185~~464935% 0.~~247744~~256431% 24.~~641348~~163785% 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 1415 0 0 0 1415 54,~~351~~356,~~179~~873.5222 0.00 0.00 0.00 54,~~351~~356,~~179~~873.5222 60 Days 45 1 2 1 0 78 12,~~857~~399,~~570~~651.8945 83178,~~388~~850.8607 ~~491~~64,~~147~~198.6140 0.00 2,~~432~~642,~~107~~699.3692 90 Days 10 2 1 5 0 46 ~~480,080~~0.0300 ~~683~~332,~~038~~828.7740 922,~~996~~254,721.4272 0.00 12,~~256~~587,~~115~~550.2212 120 Days 12 0 1 0 23 ~~511~~830,~~084~~046.3794 0.00 4492,~~829~~996.3642 0.00 ~~555~~923,~~913~~043.7336 150 Days 01 0 6 1 7 0 2 511,084.0037 0.00 244,~~029,174~~829.7536 ~~198,887~~0.8800 2555,~~228,062~~913.6373 180 Days 1 3 1316 13 1823 ~~498~~198,~~531~~887.3188 ~~284~~602,~~090~~390.9658 34,~~847~~676,~~646~~622.1432 83671,~~112~~673.0874 46,~~713~~149,~~380~~574.4952 Totals 2124 6 2324 23 5257 8,~~698~~296,~~446~~543.1286 1,~~050~~114,~~518~~069.5905 67,~~505~~133,~~794~~368.2822 ~~281~~671,~~999~~673.9674 1617,~~536~~215,~~758~~654.9587 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~443281~~803738% 0.000000% 0.000000% 0.000000% 2.~~443281~~803738% 2.~~717072~~375043% 0.000000% 0.000000% 0.000000% 2.~~717072~~375043% 60 Days 0.~~698080~~934579% 0.~~174520~~373832% 0.~~349040~~186916% 0.000000% 1.~~221640~~495327% 01.~~943185~~308111% 0.~~042341~~097496% 0.~~249381~~034996% 0.000000% 1.~~234907~~440603% 90 Days 0.~~174520~~000000% 0.~~349040~~186916% 0.~~174520~~934579% 0.000000% 01.~~698080~~121495% 0.~~243762~~000000% 0.~~346814~~181433% 01.~~047219~~229106% 0.000000% 01.~~637795~~410540% 120 Days 0.~~174520~~373832% 0.000000% 0.~~174520~~186916% 0.000000% 0.~~349040~~560748% 0.~~259504~~452480% 0.000000% 0.~~022762~~050695% 0.000000% 0.~~282266~~503175% 150 Days 0.~~000000~~186916% 0.000000% 10.~~047120~~186916% 0.~~174520~~000000% 10.~~221640~~373832% 0.~~000000~~278605% 0.000000% 10.~~030317~~024438% 0.~~100986~~000000% 10.~~131303~~303043% 180 Days 0.~~174520~~186916% 0.~~523560~~560748% 2.~~268761~~990654% 0.~~174520~~560748% 34.~~141361~~299065% 0.~~253130~~108419% 0.~~144248~~328378% 12.~~953650~~549346% 0.~~042200~~366147% 23.~~393228~~352290% Totals 34.~~664921~~485981% 1.~~047120~~121495% 4.~~013962~~485981% 0.~~349040~~560748% 910.~~075044~~654206% 4.~~416653~~522658% 0.~~533403~~607307% 3.~~303330~~888581% 0.~~143186~~366147% 89.~~396572~~384693%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~428309~~425125% Weighted Average Net Coupon 6.~~993253~~990185% Weighted Average Pass-Through Rate 6.~~549114~~545459% Weighted Average Maturity(Stepdown Calculation ) ~~343~~342 Beginning Scheduled Collateral Loan Count 7,~~904~~524 Number Of Loans Paid In Full ~~380~~412 Ending Scheduled Collateral Loan Count 7,~~524~~112 Beginning Scheduled Collateral Balance 1,~~288~~216,~~341~~065,~~780~~698.2508 Ending Scheduled Collateral Balance 1,~~216~~141,~~065~~242,~~698~~198.0813 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 1,~~217~~142,~~196~~372,~~870~~785.1832 Monthly P &I Constant 98,~~043~~541,~~297~~582.5463 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount ~~142~~132,~~510~~179.45 Cumulative Realized Loss ~~471~~603,~~661~~840.4489 Ending Scheduled Balance for Premium Loans 1,~~216~~141,~~065~~242,~~698~~198.0813 Scheduled Principal 1,~~068~~017,~~129~~049.8955 Unscheduled Principal 7173,~~207~~806,~~952~~450.2840

Miscellaneous Reporting Target Overcollateralization 8,272,273.00 Overcollateralization Deficiency Amount 0.00 Excess Cash Amount 43,~~358~~974,~~091~~412.4366 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.~~596799~~610431 7.~~283655~~289815 7.~~770180~~754738 Weighted Average Net Rate 7.~~207884~~223223 6.~~872628~~878009 7.~~350628~~335679 Weighted Average Maturity ~~345~~344 ~~345~~344 ~~339~~338 Beginning Loan Count 1,~~277~~228 2,~~512~~389 1,~~114~~070 Loans Paid In Full 4955 ~~123~~131 4465 Ending Loan Count 1,~~228~~173 2,~~389~~258 1,~~070~~005 Beginning Scheduled Balance ~~165~~157,~~367~~362,~~118~~128.2412 ~~389~~367,~~186~~169,~~012~~060.1513 ~~131~~125,~~339~~238,~~176~~626.4841 Ending scheduled Balance ~~157~~148,~~362~~971,~~128~~935.1216 ~~367~~344,~~169~~032,~~060~~896.1399 ~~125~~116,~~238~~532,~~626~~288.4155 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 1,~~205~~150,~~557~~008.9543 2,~~690~~541,~~524~~832.6259 ~~985~~939,~~407~~957.5203 Scheduled Principal ~~158~~152,~~674~~013.0270 ~~328~~311,~~277~~337.3119 ~~134~~130,~~966~~629.6673 Unscheduled Principal 78,~~846~~238,~~316~~179.1026 2122,~~688~~824,~~674~~825.7195 58,~~965~~575,~~583~~708.4113 Scheduled Interest 1997,~~046,883~~994.9373 2,~~362~~230,~~247~~495.3140 ~~850~~809,~~440~~327.8630 Servicing Fees 5350,~~594~~776.7160 ~~133~~126,~~305~~001.1593 4543,~~919~~735.6430 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 5753,~~675~~697.3987 ~~184~~175,~~852~~720.7661 4138,~~403~~839.0282 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 ~~935~~893,~~613~~520.8326 21,~~044~~928,~~089~~772.4086 ~~763~~726,~~118~~752.2018 Realized Loss Amount 0.00 ~~8,648~~0.6900 2887,~~767~~838.6631 Cumulative Realized Loss 65,067.53 98,781.21 29117,~~310~~148.4778 Percentage of Cumulative Losses 0.0334 0.0197 0.~~0185~~0739 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~789358~~813738 6.~~302660~~303710 6.~~972343~~963527

Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.~~729820~~725808 7.~~333736~~323708 6.~~928359~~903395 Weighted Average Net Rate 7.~~251281~~247192 6.~~911599~~901837 6.~~463841~~438063 Weighted Average Maturity ~~339~~338 ~~343~~342 ~~343~~342 Beginning Loan Count 21,~~090~~970 ~~304~~294 ~~607~~573 Loans Paid In Full ~~120~~114 109 3438 Ending Loan Count 1,~~970~~856 ~~294~~285 ~~573~~535 Beginning Scheduled Balance ~~317~~296,~~310~~856,~~708~~000.2693 7572,~~031~~699,~~887~~175.7527 ~~210~~196,~~106~~740,~~877~~707.3722 Ending scheduled Balance ~~296~~278,~~856~~233,~~000~~624.9356 7270,~~699~~232,~~175~~149.2702 ~~196~~183,~~740~~239,~~707~~303.2285 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 2,~~260~~115,~~990~~481.2974 ~~530~~513,~~223~~978.2734 1,~~370~~280,~~593~~324.8950 Scheduled Principal ~~217~~204,~~028~~271.0743 7170,~~669~~288.8772 ~~157~~148,~~513~~508.9678 Unscheduled Principal 2018,~~237~~418,~~679~~104.2694 2,~~261~~396,~~042~~737.6153 13,~~208~~352,~~656~~894.1959 Scheduled Interest 21,~~043~~911,~~962~~210.2231 ~~458~~443,~~553~~689.4062 1,~~213~~131,~~079~~815.9372 Servicing Fees ~~126~~118,~~537~~399.9085 2625,~~394~~558.7809 8176,~~332~~291.0151 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 ~~103~~97,~~359~~486.4635 1615,~~799~~866.3453 7269,~~745~~068.9710 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~814~~695,~~064~~324.8611 ~~415~~402,~~359~~265.2800 1986,~~059,001~~456.9511 Realized Loss Amount 2844,~~064~~341.3714 ~~77,021~~0.9800 70.7500 Cumulative Realized Loss 2872,~~064~~405.3751 212,869.04 37,568.82 Percentage of Cumulative Losses 0.~~0067~~0172 0.2401 0.0130 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~860399~~853117 6.~~642924~~639938 6.~~048362~~016789

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~428309~~425125 Weighted Average Net Rate 6.~~993253~~990185 Weighted Average Maturity ~~343~~342.00 Record Date 1011/3130/2004 Principal And Interest Constant 98,~~043~~541,~~297~~582.5463 Beginning Loan Count 7,~~904~~524 Loans Paid In Full ~~380~~412 Ending Loan Count 7,~~524~~112 Beginning Scheduled Balance 1,~~288~~216,~~341~~065,~~780~~698.2508 Ending Scheduled Balance 1,~~216~~141,~~065~~242,~~698~~198.0813 Scheduled Principal 1,~~068~~017,~~129~~049.8955 Unscheduled Principal 7173,~~207~~806,~~952~~450.2840 Scheduled Interest 7,~~975~~524,~~167~~533.6508 Servicing Fee ~~467~~440,~~084~~763.1928 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee ~~476~~450,~~835~~679.9428 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 76,~~031~~633,~~247~~090.52 Realized Loss Amount ~~142~~132,~~510~~179.45 Cumulative Realized Loss ~~471~~603,~~661~~840.4489 Percentage of Cumulative Losses 0.~~0285~~0365 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.~~549114~~545459

Ex 99.2

theMurrayhillcompany SAIL 2004-2 Credit Risk Manager Report October 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 Loss Analysis Section Four Analytics c 2004 The Murrayhill Company. All Rights Reserved. Section One Transaction Summary SAIL 2004-2 Transaction Summary October 2004 Transaction Summary Closing Date : 2/26/2004 Depositor: Structured Asset Securities Corporation Trustee: La Salle Bank Securities Administrator: Wells Fargo Bank, N.A. Master Servicer: Aurora Loan Services Master Servicing Aurora Loan Services, Chase Home Finance , IndyMac, Ocwen Servicer(s): Financial Services, Option One Mortgage , Wells Fargo Bank, N. A. Mortgage Insurer(s): Mortgage Guaranty Insurance Corporation, Radian Guaranty Delinquency Reporting Method: OTS1 Collateral Summary 9/30/2004 as a Percentage Closing Date 9/30/20042 of Closing Date Collateral Balance $1,638,476,000 $1,275,818,757 77.85% Loan Count 9,859 7,861 79.73% Collateral Statistics Loan Count Summed Balance Repurchases3 0 $ 0 First Payment Defaults 12 $ 2,051,750 Early Payment Defaults 4 45 $ 6,918,127 Multiple Loans to One Borrower 13 $ 1,208,323 Second Lien Statistics Loan Count Summed Balance Outstanding Second Lien Loans 490 $ 23,563,334 30 Days Delinquent 8 $ 357,636 60 Days Delinquent 3 $ 141,693 90+ Days Delinquent 16 $ 822,793 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 Delinquencies Over the past couple of months, Murrayhill has noticed that delinquency counts have not reconciled between what the servicers are reporting and what is being reported on the remittance statement, particularly for foreclosure loans. We have requested a complete delinquency file from the master servicer that can be used to compare the delinquency counts reported to the s ecurities administrator to those reported by each individual servicer. 10/25/2004 Remittance Delinquency Counts 30 60 90+ FC REO As reported on remittance 176 71 63 119 7 As reported by servicers 177 58 59 138 7 Difference -1 13 4 -19 0 c 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation of Prepayment Premiums for SAIL 2004-2 Mortgage Data Through: September 30, 2004 Section 1: Prepayment premiums collected by the servicer and remitted to the trustee. This information is reported to Murrayhill by the servicer each month. Trustee Remittance Date Servicer 25-Oct-04 25-Sep-04 25-Aug-04 25-Jul-04 25-Jun-04 25-May-04 Total $1,247,500 $1,170,528 $1,152,784 $929,683 $572,400 $466,482 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-Oct-04 25-Sep-04 25-Aug-04 25-Jul-04 25-Jun-04 25-May-04 P Class $1,247,500 $1,170,528 $1,145,661 $929,683 $596,072 $473,132 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: $1,247,500 Amount remitted to the P Class: $1,247,500 Difference: $0 Aggregate Paid-Off Loans Report for SAIL 2004-2 Mortgage Data Through: September 30, 2004 Trustee Remittance Date 25-Oct-04 25-Sep-04 25-Aug-04 25-Jul-04 25-Jun-04 25-May-04 Loans with Active Prepayment Flags with Premiums Remitted (A) 233 236 213 119 113 88 Loans without Prepayment Flags with Premiums Remitted 0 1 1 1 0 0 Total Loans with Premiums Remitted (B) 233 237 214 120 113 88 Loans with Active Prepayment Flags (C) 246 240 218 120 116 95 Loans without Prepayment Flags with Premiums Remitted 0 1 1 1 0 0 Subtotal (D) 246 241 219 121 116 95 Premiums Remitted for Loans with Active Prepayment Flags (A/C) 94.7% 98.3% 97.7% 99.2% 97.4% 92.6% Total Loans with Premiums Remitted to the Subtotal (B/D) 94.7% 98.3% 97.7% 99.2% 97.4% 92.6% Total Paid-Off Loans (E) 352 357 324 198 198 145 Total Loans with Premiums Remitted to 66.2% 66.4% 66.0% 60.6% 57.1% 60.7% the Total Paid-Off Loans (B/E) Paid-Off Loan Exception Report for SAIL 2004-2 Mortgage Data Through: September 30, 2004 Total Paid-Off Loans with Flags 253 Less Exceptions: Loans with Expired Prepayment Clauses (as stated in the Note)* 4 Loans that Contained a Clause Allowing Prepayment Premiums to be Waived at the Time of Liquidation* 0 Loans that were Liquidated from REO Status* 0 Loans with Discrepancies between the Data File and the Note* 0 Defaulted Liquidated Loans that Could Not Have Premiums Collected because of the Acceleration of the Debt* 2 Loans that were Liquidated Through Loss Mitigation Efforts* 1 Total Paid-Off Loans with Active Prepayment Flags (C) 246 Other Exceptions: Paid-Off Loans that Did Not have Premiums Collected because of State Statutes 5 Paid-Off Loans with Active Prepayment Flags that Did Not Have Premiums Remitted 8 * These categories are mutually exclusive. Paid-Off Loans With Prepayment Flags for SAIL 2004-2 Mortgage Data Through: September 30, 2004 Loan Number Delinquency Origination PPP Exp. Date String Date Flag 4533997 CCCCCCC0 10/31/2003 1 10/31/2004 4531487 CCCCCCC0 9/29/2003 2 9/29/2005 4531102 CCCCCCC0 10/20/2003 2 10/20/2005 4536628 CCCCCCC0 11/26/2003 2 11/26/2005 4530708 CCCCCCC0 9/22/2003 3 9/22/2006 4539023 CCCCCCC0 7/29/2002 2 7/29/2004 4539046 CCCCCCC0 8/27/2002 2 8/27/2004 4533875 CCCCCCC0 9/5/2003 2 9/5/2005 4539363 CCCCCCC0 12/31/2003 3 12/31/2006 4536819 CCCCCCC0 11/17/2003 3 11/17/2006 4531776 CCC36FF0 10/21/2003 2 10/21/2005 4531763 CCCCC3F0 10/21/2003 2 10/21/2005 4538387 CC369990 12/19/2003 2 12/19/2005 4531054 CCCCCCC0 8/29/2003 2 8/29/2005 4532147 CCCCCCC0 9/19/2003 2 9/19/2005 4532448 CCCCCCC0 9/25/2003 2 9/25/2005 4532701 CCCCCCC0 10/10/2003 2 10/10/2004 4534447 CCCCCCC0 11/10/2003 1 11/10/2004 4537581 CCCCCCC0 11/26/2003 1 11/26/2004 4539059 CCCCCCC0 12/19/2002 2 12/19/2004 4539105 CCCCCCC0 3/26/2003 2 3/26/2005 4539293 CCCCCCC0 4/22/2003 2 4/22/2005 4533701 CCCCCCC0 8/15/2003 2 8/15/2005 4530992 CCCCCCC0 8/27/2003 2 8/27/2005 4531034 CCCCCCC0 9/2/2003 2 9/2/2005 4533909 CCCCCCC0 9/3/2003 2 9/3/2005 4533386 CCCCCCC0 9/9/2003 2 9/9/2005 4530993 CCCCCCC0 9/9/2003 2 9/9/2005 4530162 CCCCCCC0 9/12/2003 2 9/12/2005 4533729 CCCCCCC0 9/15/2003 2 9/15/2005 4530934 CCCCCCC0 9/16/2003 2 9/16/2005 4531235 CCCCCCC0 9/17/2003 2 9/17/2005 4532665 CCCCCCC0 9/18/2003 2 9/18/2005 4531169 CC63CCC0 9/18/2003 2 9/18/2005 4531947 CCCCCCC0 9/19/2003 2 9/19/2005 4529962 CCCCCCC0 9/22/2003 2 9/22/2005 4529722 CCCCCCC0 9/23/2003 2 9/23/2005 4529981 CCCCCCC0 9/23/2003 2 9/23/2005 4533956 CCCCCCC0 9/24/2003 2 9/24/2005 4530682 CCCCCCC0 9/24/2003 2 9/24/2005 4532319 CCCCCCC0 9/24/2003 2 9/24/2005 4530001 CCCCCCC0 9/24/2003 2 9/24/2005 4529926 CCCCCCC0 9/25/2003 2 9/25/2005 4529929 CCCCC660 9/25/2003 2 9/25/2005 4530404 CCCCCCC0 9/26/2003 2 9/26/2005 4533113 CCCCCCC0 9/26/2003 2 9/26/2005 4529746 CCCCCCC0 9/29/2003 2 9/29/2005 4532786 CCCCCCC0 9/29/2003 2 9/29/2005 4531899 CCCCCCC0 9/29/2003 2 9/29/2005 4531914 CCCCCCC0 9/30/2003 2 9/30/2005 4531686 CCCCCCC0 9/30/2003 2 9/30/2005 4530555 CCCCCCC0 9/30/2003 2 9/30/2005 4532217 CCCCCCC0 10/2/2003 2 10/2/2005 4530002 CCCCCCC0 10/2/2003 2 10/2/2005 4529935 CCCCCCC0 10/2/2003 2 10/2/2005 4532741 CCCCCCC0 10/3/2003 2 10/3/2005 4533240 CCCCCCC0 10/3/2003 2 10/3/2005 4532184 CCCCCCC0 10/3/2003 2 10/3/2005 4533395 CCCCCCC0 10/6/2003 2 10/6/2005 4533369 CCCCCCC0 10/7/2003 2 10/7/2005 4533361 CCCCCCC0 10/8/2003 2 10/8/2005 4530911 CCCCCCC0 10/8/2003 2 10/8/2005 4530694 CCCCCCC0 10/8/2003 2 10/8/2005 4529944 CCCCCCC0 10/9/2003 2 10/9/2005 4539401 CCCCCCC0 10/10/2003 2 10/10/2005 4539402 CC333360 10/10/2003 2 10/10/2005 4532127 CCCCCCC0 10/10/2003 2 10/10/2005 4532493 CCCCCCC0 10/10/2003 2 10/10/2005 4532446 CCCCCCC0 10/10/2003 2 10/10/2005 4532453 CCCCCCC0 10/10/2003 2 10/10/2005 4532258 CCCCCCC0 10/14/2003 2 10/14/2005 4529905 CCCCCCC0 10/14/2003 2 10/14/2005 4534155 CCCCCCC0 10/15/2003 2 10/15/2005 4530188 CCCCCCC0 10/15/2003 2 10/15/2005 4538444 CCC3FFF0 10/16/2003 2 10/16/2005 4530561 CCCCCCC0 10/16/2003 2 10/16/2005 4532338 CCCCCCC0 10/16/2003 2 10/16/2005 4532353 CCCCCCC0 10/16/2003 2 10/16/2005 4530229 CCCCCCC0 10/17/2003 2 10/17/2005 4531762 CCCCCCC0 10/17/2003 2 10/17/2005 4531802 CCCCCCC0 10/17/2003 2 10/17/2005 4530301 CCCCCCC0 10/20/2003 2 10/20/2005 4534169 CCCCCCC0 10/22/2003 2 10/22/2005 4531381 CCCCCC30 10/23/2003 2 10/23/2005 4533985 CCCCCCC0 10/27/2003 2 10/27/2005 4535528 CCCCCCC0 10/27/2003 2 10/27/2005 4539420 CCCCCCC0 10/28/2003 2 10/28/2005 4539421 CCCCCCC0 10/28/2003 2 10/28/2005 4534179 CCCCCCC0 10/28/2003 2 10/28/2005 4534596 CCCCCCC0 10/30/2003 2 10/30/2005 4534862 CCCCCCC0 10/30/2003 2 10/30/2005 4535574 CCCCCCC0 10/30/2003 2 10/30/2005 4534838 CCCCCCC0 10/31/2003 2 10/31/2005 4538833 CCCCCCC0 10/31/2003 2 10/31/2005 4539484 CCCCCCC0 11/3/2003 2 11/3/2005 4536805 CCCCCCC0 11/3/2003 2 11/3/2005 4536283 CCCCCCC0 11/3/2003 2 11/3/2005 4537405 CCCCCCC0 11/3/2003 2 11/3/2005 4536804 CCCCCCC0 11/4/2003 2 11/4/2005 4535634 CCCCCCC0 11/4/2003 2 11/4/2005 4536954 CCCCCCC0 11/4/2003 2 11/4/2005 4538047 CCCCCCC0 11/4/2003 2 11/4/2005 4534816 CCCCCCC0 11/5/2003 2 11/5/2005 4535990 CCCCCCC0 11/5/2003 2 11/5/2005 4535853 CCCCCCC0 11/5/2003 2 11/5/2005 4536938 CCC3CC30 11/5/2003 2 11/5/2005 4534875 CC36FFF0 11/6/2003 2 11/6/2005 4535541 CCCCCCC0 11/6/2003 2 11/6/2005 4534822 CCCCCCC0 11/6/2003 2 11/6/2005 4537554 CCCCCCC0 11/6/2003 2 11/6/2005 4535514 CCCCCCC0 11/6/2003 2 11/6/2005 4534731 CCCCCCC0 11/7/2003 2 11/7/2005 4534772 CCCCCCC0 11/7/2003 2 11/7/2005 4535761 CCCCCCC0 11/7/2003 2 11/7/2005 4536167 CCCCCCC0 11/7/2003 2 11/7/2005 4536166 CCCCCCC0 11/7/2003 2 11/7/2005 4534780 CC36FFF0 11/7/2003 2 11/7/2005 4535303 CCCCCC30 11/7/2003 2 11/7/2005 4534205 CCCCCCC0 11/7/2003 2 11/7/2005 4535776 CCCCCCC0 11/7/2003 2 11/7/2005 4535772 CCCCCCC0 11/7/2003 2 11/7/2005 4535254 CCCCCCC0 11/7/2003 2 11/7/2005 4533567 CCCCCCC0 11/10/2003 2 11/10/2005 4536216 CCCCCC30 11/10/2003 2 11/10/2005 4535784 CCCCCCC0 11/10/2003 2 11/10/2005 4537946 CCCCCCC0 11/12/2003 2 11/12/2005 4533482 CCCCCCC0 11/12/2003 2 11/12/2005 4535236 CCCCCCC0 11/12/2003 2 11/12/2005 4537756 CCCCCCC0 11/12/2003 2 11/12/2005 4537777 CCCCCCC0 11/12/2003 2 11/12/2005 4537788 CCCCCCC0 11/13/2003 2 11/13/2005 4535614 CCCCCCC0 11/13/2003 2 11/13/2005 4536158 CCCCCCC0 11/14/2003 2 11/14/2005 4537492 CCCCCCC0 11/14/2003 2 11/14/2005 4533510 CCCCCCC0 11/14/2003 2 11/14/2005 4538082 CCCCCC30 11/14/2003 2 11/14/2005 4537890 CCCCCCC0 11/14/2003 2 11/14/2005 4535317 CCCCCCC0 11/14/2003 2 11/14/2005 4535251 CC3CCC30 11/14/2003 2 11/14/2005 4533560 CCCCCCC0 11/17/2003 2 11/17/2005 4537941 CCCCCCC0 11/17/2003 2 11/17/2005 4537665 CCCCCCC0 11/17/2003 2 11/17/2005 4535738 CCCCCC30 11/17/2003 2 11/17/2005 4535690 CCCCCCC0 11/17/2003 2 11/17/2005 4535601 CCCC3C30 11/18/2003 2 11/18/2005 4536983 CCCCCCC0 11/18/2003 2 11/18/2005 4534111 CCCCCCC0 11/18/2003 2 11/18/2005 4537584 CCCCCCC0 11/19/2003 2 11/19/2005 4537283 CCCCCCC0 11/19/2003 2 11/19/2005 4538939 CCCCCCC0 11/19/2003 2 11/19/2005 4535844 CCCCCCC0 11/19/2003 2 11/19/2005 4536000 CCCCCCC0 11/19/2003 2 11/19/2005 4535328 CCCCCCC0 11/19/2003 2 11/19/2005 4535843 CCCCCCC0 11/19/2003 2 11/19/2005 4535377 CCCCCCC0 11/20/2003 2 11/20/2005 4537793 CCCCCCC0 11/20/2003 2 11/20/2005 4537481 CCCCCCC0 11/20/2003 2 11/20/2005 4535605 CCCCCCC0 11/20/2003 2 11/20/2005 4537573 CCCCCC30 11/20/2003 2 11/20/2005 4537585 CCCCCCC0 11/20/2003 2 11/20/2005 4535649 CCCCCCC0 11/24/2003 2 11/24/2005 4537896 CCCCCCC0 11/24/2003 2 11/24/2005 4538105 CCCCCCC0 11/25/2003 2 11/25/2005 4538361 CCCCCCC0 11/25/2003 2 11/25/2005 4538094 CCCCCCC0 11/25/2003 2 11/25/2005 4536662 CCCCCCC0 11/25/2003 2 11/25/2005 4536150 CCCC3CC0 11/25/2003 2 11/25/2005 4535560 CCCCCCC0 11/26/2003 2 11/26/2005 4537580 CCCCCCC0 11/26/2003 2 11/26/2005 4536314 CCCCCCC0 11/26/2003 2 11/26/2005 4537323 CCC3CCC0 11/26/2003 2 11/26/2005 4535710 CCCCCCC0 11/26/2003 2 11/26/2005 4537880 CCCCCCC0 11/26/2003 2 11/26/2005 4535105 CCCCCCC0 12/4/2003 2 12/4/2005 4538773 CCCCCCC0 12/9/2003 2 12/9/2005 4538919 CCCCCCC0 12/10/2003 2 12/10/2005 4538491 CCCCCCC0 12/11/2003 2 12/11/2005 4538825 CCCCCCC0 12/11/2003 2 12/11/2005 4538298 CCCCCCC0 12/15/2003 2 12/15/2005 4538753 CCCCCCC0 12/15/2003 2 12/15/2005 4538992 CCCCCCC0 12/15/2003 2 12/15/2005 4538813 CCCCCCC0 12/16/2003 2 12/16/2005 4539000 CCCCCCC0 12/17/2003 2 12/17/2005 4538671 CCCCCCC0 12/19/2003 2 12/19/2005 4539306 CCCCCCC0 4/9/2003 3 4/9/2006 4532745 CCCCCCC0 9/9/2003 3 9/9/2006 4534792 CC33C360 9/18/2003 3 9/18/2006 4532436 CCCCCCC0 9/22/2003 3 9/22/2006 4532923 CCCCCCC0 9/22/2003 3 9/22/2006 4530681 CCCCCCC0 9/24/2003 3 9/24/2006 4530029 CCCCCCC0 9/24/2003 3 9/24/2006 4533726 CCCCCCC0 9/25/2003 3 9/25/2006 4531707 CCCCCCC0 9/26/2003 3 9/26/2006 4532015 CCCCCCC0 9/30/2003 3 9/30/2006 4530344 CCCCCCC0 9/30/2003 3 9/30/2006 4533949 CCCCCCC0 10/3/2003 3 10/3/2006 4531867 CCCCCCC0 10/3/2003 3 10/3/2006 4533299 CCCCCCC0 10/7/2003 3 10/7/2006 4530628 CCCCCCC0 10/14/2003 3 10/14/2006 4530609 CCCCCCC0 10/14/2003 3 10/14/2006 4532548 CCCCCCC0 10/15/2003 3 10/15/2006 4530194 CCCCCCC0 10/20/2003 3 10/20/2006 4531684 CCCCCCC0 10/22/2003 3 10/22/2006 4530761 CCCCCCC0 10/27/2003 3 10/27/2006 4534172 CCCCCCC0 10/27/2003 3 10/27/2006 4530836 CCCCCCC0 10/30/2003 3 10/30/2006 4531954 CCCCCCC0 10/30/2003 3 10/30/2006 4531795 CCCCCCC0 10/31/2003 3 10/31/2006 4534898 CCCCCCC0 11/3/2003 3 11/3/2006 4536828 CCCCCCC0 11/4/2003 3 11/4/2006 4538809 CCCCCCC0 11/4/2003 3 11/4/2006 4537416 CCCCCCC0 11/4/2003 3 11/4/2006 4534771 CCCCCCC0 11/5/2003 3 11/5/2006 4536255 CCCCCCC0 11/5/2003 3 11/5/2006 4534626 CCCCCCC0 11/6/2003 3 11/6/2006 4537555 CCCCCCC0 11/6/2003 3 11/6/2006 4536271 CCCCCCC0 11/6/2003 3 11/6/2006 4535255 CCCCCCC0 11/7/2003 3 11/7/2006 4536382 CCCCCC30 11/7/2003 3 11/7/2006 4536578 CCCCCCC0 11/10/2003 3 11/10/2006 4536430 CCCCCCC0 11/10/2003 3 11/10/2006 4537778 CCCCCCC0 11/12/2003 3 11/12/2006 4536966 CCCCCCC0 11/12/2003 3 11/12/2006 4535005 CCCCCCC0 11/13/2003 3 11/13/2006 4535764 CCCCCCC0 11/13/2003 3 11/13/2006 4536295 CCCCCCC0 11/13/2003 3 11/13/2006 4535968 CCCCCCC0 11/14/2003 3 11/14/2006 4535815 CCCCCCC0 11/14/2003 3 11/14/2006 4535659 CCCCCCC0 11/14/2003 3 11/14/2006 4537816 CCCCCCC0 11/17/2003 3 11/17/2006 4537677 CCC336F0 11/18/2003 3 11/18/2006 4535395 CCCCCCC0 11/19/2003 3 11/19/2006 4536595 CCCCCCC0 11/19/2003 3 11/19/2006 4536594 CCCCCCC0 11/19/2003 3 11/19/2006 4537018 CCCCCCC0 11/19/2003 3 11/19/2006 4535652 CCCCCCC0 11/20/2003 3 11/20/2006 4536461 CCCCCCC0 11/20/2003 3 11/20/2006 4537830 CCCCCCC0 11/21/2003 3 11/21/2006 4536247 CCCCCCC0 11/21/2003 3 11/21/2006 4537622 CCCCCCC0 11/24/2003 3 11/24/2006 4536140 CCCCCCC0 11/25/2003 3 11/25/2006 4537034 CCCCCCC0 11/26/2003 3 11/26/2006 4535276 CCCCCCC0 11/26/2003 3 11/26/2006 4536164 CCCCCCC0 11/26/2003 3 11/26/2006 4535712 CCCCCCC0 11/26/2003 3 11/26/2006 4535854 CCCCCCC0 11/26/2003 3 11/26/2006 4537918 CCCCCCC0 11/26/2003 3 11/26/2006 4538655 CCCCCCC0 12/16/2003 3 12/16/2006 4539459 CCCCCCC0 12/18/2003 3 12/18/2006 Paid-Off Loans With Prepayment Flags for SAIL 2004-2 Mortgage Data Through: September 30, 2004 (CONT.) No % of Premium Premium PPP Loan Number Payoff PPP Remitted to Payoff Collected, Collected, Comments Balance Balance w/ Flag No Flag 4533997 $ 204,432 $ - 0% 4533997 Awaiting a response from the servicer 4531487 $ 172,971 $ - 0% 4531487 Awaiting a response from the servicer 4531102 $ 104,457 $ - 0% 4531102 Awaiting a response from the servicer 4536628 $ 219,068 $ - 0% 4536628 Awaiting a response from the servicer 4530708 $ 142,901 $ - 0% 4530708 Awaiting a response from the servicer 4539023 $ 323,216 $ - 0% Did not collect because of a CA state statute 4539046 $ 344,796 $ - 0% Did not collect because of a CA state statute 4533875 $ 388,600 $ - 0% Did not collect because of a CT state statute 4539363 $ 314,007 $ - 0% Did not collect because of a MD state statute 4536819 $ 45,522 $ - 0% Did not collect because of a MN state statute 4531776 $ 239,329 $ - 0% Loan liquidated out of Foreclosure 4531763 $ 262,794 $ - 0% Loan liquidated out of Foreclosure 4538387 $ 76,821 $ - 0% Loan liquidated through Loss Mitigation 4531054 $ 413,394 $ - 0% Servicer will remit premium 4532147 $ 168,349 $ - 0% Servicer will remit premium 4532448 $ 247,518 $ - 0% Servicer will remit premium 4532701 $ 158,238 $ 3,882 2% 4534447 $ 208,832 $ 6,048 3% 4537581 $ 124,019 $ 3,367 3% 4539059 $ 392,654 $ 10,169 3% 4539105 $ 36,900 $ 1,587 4% 4539293 $ 52,035 $ 2,238 4% 4533701 $ 352,695 $ 9,429 3% 4530992 $ 197,184 $ 4,166 2% 4531034 $ 69,577 $ 695 1% 4533909 $ 297,524 $ 8,432 3% 4533386 $ 329,092 $ 6,006 2% 4530993 $ 316,089 $ 7,380 2% 4530162 $ 151,701 $ 4,698 3% 4533729 $ 197,573 $ 3,979 2% 4530934 $ 237,533 $ 5,639 2% 4531235 $ 210,842 $ 6,306 3% 4532665 $ 174,258 $ 4,282 2% 4531169 $ 222,527 $ 4,451 2% 4531947 $ 177,107 $ 5,570 3% 4529962 $ 257,600 $ 6,311 2% 4529722 $ 46,977 $ 1,666 4% 4529981 $ 314,492 $ 8,498 3% 4533956 $ 136,003 $ 4,807 4% 4530682 $ 120,478 $ 3,366 3% 4532319 $ 157,948 $ 3,685 2% 4530001 $ 205,040 $ 5,434 3% 4529926 $ 125,600 $ 2,512 2% 4529929 $ 432,000 $ 12,744 3% 4530404 $ 132,828 $ 173 0% 4533113 $ 107,488 $ 2,850 3% 4529746 $ 286,194 $ 8,558 3% 4532786 $ 178,571 $ 286 0% 4531899 $ 331,732 $ 9,069 3% 4531914 $ 60,606 $ 363 1% 4531686 $ 129,215 $ 2,584 2% 4530555 $ 145,040 $ 3,932 3% 4532217 $ 318,021 $ 8,695 3% 4530002 $ 165,600 $ 4,388 3% 4529935 $ 464,000 $ 10,811 2% 4532741 $ 60,417 $ 1,223 2% 4533240 $ 92,396 $ 2,785 3% 4532184 $ 260,328 $ 9,568 4% 4533395 $ 119,187 $ 2,929 2% 4533369 $ 164,466 $ 1,645 1% 4533361 $ 171,018 $ 1,720 1% 4530911 $ 56,579 $ 1,747 3% 4530694 $ 283,319 $ 9,336 3% 4529944 $ 215,000 $ 6,235 3% 4539401 $ 213,369 $ 5,564 3% 4539402 $ 53,878 $ 2,342 4% 4532127 $ 107,599 $ 1,080 1% 4532493 $ 102,846 $ 2,376 2% 4532446 $ 212,960 $ 6,463 3% 4532453 $ 347,914 $ 11,394 3% 4532258 $ 188,813 $ 6,638 4% 4529905 $ 108,052 $ 2,749 3% 4534155 $ 128,964 $ 3,574 3% 4530188 $ 596,011 $ 18,207 3% 4538444 $ 97,179 $ 3,264 3% 4530561 $ 112,743 $ 1,127 1% 4532338 $ 110,841 $ 3,053 3% 4532353 $ 230,761 $ 8,057 3% 4530229 $ 348,657 $ 9,588 3% 4531762 $ 115,748 $ 4,208 4% 4531802 $ 207,696 $ 6,471 3% 4530301 $ 146,345 $ 3,797 3% 4534169 $ 317,057 $ 11,108 4% 4531381 $ 302,469 $ 9,365 3% 4533985 $ 364,395 $ 6,511 2% 4535528 $ 159,130 $ 5,278 3% 4539420 $ 121,796 $ 3,341 3% 4539421 $ 30,600 $ 1,360 4% 4534179 $ 295,041 $ 9,060 3% 4534596 $ 36,040 $ 1,476 4% 4534862 $ 33,492 $ 1,573 5% 4535574 $ 165,322 $ 5,014 3% 4534838 $ 42,300 $ 1,688 4% 4538833 $ 272,805 $ 8,585 3% 4539484 $ 167,411 $ 5,098 3% 4536805 $ 143,269 $ 1,716 1% 4536283 $ 152,938 $ 4,183 3% 4537405 $ 212,452 $ 5,770 3% 4536804 $ 130,791 $ 1,306 1% 4535634 $ 143,059 $ 4,070 3% 4536954 $ 112,604 $ 3,038 3% 4538047 $ 563,386 $ 16,312 3% 4534816 $ 129,596 $ 4,146 3% 4535990 $ 183,321 $ 4,903 3% 4535853 $ 108,021 $ 3,015 3% 4536938 $ 229,077 $ 4,582 2% 4534875 $ 267,400 $ 7,912 3% 4535541 $ 292,319 $ 8,286 3% 4534822 $ 358,061 $ 11,585 3% 4537554 $ 270,018 $ 7,257 3% 4535514 $ 375,263 $ 11,090 3% 4534731 $ 107,310 $ 3,367 3% 4534772 $ 142,884 $ 3,991 3% 4535761 $ 165,319 $ 5,522 3% 4536167 $ 201,551 $ 5,867 3% 4536166 $ 401,758 $ 11,558 3% 4534780 $ 549,244 $ 17,350 3% 4535303 $ 107,639 $ 3,867 4% 4534205 $ 174,567 $ 5,689 3% 4535776 $ 231,206 $ 6,924 3% 4535772 $ 326,978 $ 7,816 2% 4535254 $ 278,035 $ 8,188 3% 4533567 $ 71,272 $ 2,847 4% 4536216 $ 228,906 $ 6,630 3% 4535784 $ 447,269 $ 13,398 3% 4537946 $ 116,480 $ 2,330 2% 4533482 $ 198,659 $ 5,545 3% 4535236 $ 532,513 $ 16,488 3% 4537756 $ 193,682 $ 5,375 3% 4537777 $ 214,620 $ 6,199 3% 4537788 $ 202,480 $ 5,255 3% 4535614 $ 272,735 $ 7,080 3% 4536158 $ 137,693 $ 3,214 2% 4537492 $ 121,741 $ 3,696 3% 4533510 $ 197,991 $ 6,732 3% 4538082 $ 97,128 $ 3,491 4% 4537890 $ 186,807 $ 5,112 3% 4535317 $ 238,362 $ 6,567 3% 4535251 $ 253,954 $ 8,108 3% 4533560 $ 58,760 $ 2,248 4% 4537941 $ 145,856 $ 2,917 2% 4537665 $ 121,208 $ 2,898 2% 4535738 $ 219,264 $ 7,878 4% 4535690 $ 302,118 $ 8,929 3% 4535601 $ 90,497 $ 3,169 4% 4536983 $ 143,579 $ 4,157 3% 4534111 $ 190,674 $ 5,208 3% 4537584 $ 143,470 $ 4,125 3% 4537283 $ 127,773 $ 4,590 4% 4538939 $ 428,959 $ 11,544 3% 4535844 $ 61,187 $ 2,488 4% 4536000 $ 156,760 $ 4,752 3% 4535328 $ 189,906 $ 5,118 3% 4535843 $ 248,009 $ 7,173 3% 4535377 $ 129,400 $ 2,588 2% 4537793 $ 230,589 $ 7,460 3% 4537481 $ 59,536 $ 1,486 2% 4535605 $ 202,496 $ 5,249 3% 4537573 $ 313,708 $ 10,007 3% 4537585 $ 422,246 $ 13,227 3% 4535649 $ 103,399 $ 3,201 3% 4537896 $ 211,018 $ 6,152 3% 4538105 $ 111,328 $ 3,045 3% 4538361 $ 71,758 $ 2,977 4% 4538094 $ 135,016 $ 3,855 3% 4536662 $ 320,533 $ 8,937 3% 4536150 $ 313,366 $ 10,321 3% 4535560 $ 140,720 $ 1,407 1% 4537580 $ 141,913 $ 5,387 4% 4536314 $ 272,625 $ 7,359 3% 4537323 $ 278,847 $ 9,750 3% 4535710 $ 295,836 $ 7,916 3% 4537880 $ 280,779 $ 9,642 3% 4535105 $ 335,525 $ 3,355 1% 4538773 $ 222,486 $ 5,544 2% 4538919 $ 380,471 $ 11,373 3% 4538491 $ 111,346 $ 2,552 2% 4538825 $ 263,665 $ 8,156 3% 4538298 $ 53,270 $ 2,234 4% 4538753 $ 212,532 $ 5,935 3% 4538992 $ 640,726 $ 14,164 2% 4538813 $ 255,229 $ 10,456 4% 4539000 $ 646,750 $ 18,060 3% 4538671 $ 170,806 $ 6,061 4% 4539306 $ 25,335 $ 1,054 4% 4532745 $ 346,033 $ 169 0% 4534792 $ 53,741 $ 540 1% 4532436 $ 148,605 $ 4,145 3% 4532923 $ 217,234 $ 4,338 2% 4530681 $ 115,001 $ 1,984 2% 4530029 $ 72,589 $ 2,319 3% 4533726 $ 137,102 $ 4,105 3% 4531707 $ 270,204 $ 4,864 2% 4532015 $ 115,152 $ 2,937 3% 4530344 $ 154,536 $ 4,311 3% 4533949 $ 164,892 $ 3,145 2% 4531867 $ 201,665 $ 365 0% 4533299 $ 142,485 $ 3,729 3% 4530628 $ 59,573 $ 1,736 3% 4530609 $ 265,729 $ 4,620 2% 4532548 $ 69,742 $ 697 1% 4530194 $ 147,957 $ 5,172 3% 4531684 $ 68,938 $ 1,379 2% 4530761 $ 76,676 $ 767 1% 4534172 $ 156,515 $ 4,990 3% 4530836 $ 106,749 $ 4,220 4% 4531954 $ 401,853 $ 11,337 3% 4531795 $ 84,472 $ 2,696 3% 4534898 $ 61,685 $ 2,128 3% 4536828 $ 32,575 $ 521 2% 4538809 $ 252,283 $ 8,052 3% 4537416 $ 134,222 $ 3,700 3% 4534771 $ 123,842 $ 3,212 3% 4536255 $ 204,510 $ 5,505 3% 4534626 $ 193,559 $ 5,023 3% 4537555 $ 67,261 $ 2,812 4% 4536271 $ 285,773 $ 7,130 2% 4535255 $ 68,427 $ 2,719 4% 4536382 $ 233,533 $ 7,933 3% 4536578 $ 55,125 $ 1,530 3% 4536430 $ 312,756 $ 9,116 3% 4537778 $ 53,414 $ 2,127 4% 4536966 $ 169,949 $ 5,263 3% 4535005 $ 253,452 $ 7,592 3% 4535764 $ 111,363 $ 3,487 3% 4536295 $ 203,225 $ 5,667 3% 4535968 $ 70,937 $ 2,577 4% 4535815 $ 226,471 $ 6,315 3% 4535659 $ 248,323 $ 6,931 3% 4537816 $ 134,070 $ 3,667 3% 4537677 $ 321,431 $ 8,980 3% 4535395 $ 141,307 $ 1,308 1% 4536595 $ 46,217 $ 1,981 4% 4536594 $ 185,990 $ 5,935 3% 4537018 $ 71,456 $ 1,997 3% 4535652 $ 50,446 $ 2,007 4% 4536461 $ 347,597 $ 11,624 3% 4537830 $ 238,476 $ 7,334 3% 4536247 $ 344,682 $ 9,718 3% 4537622 $ 126,953 $ 3,599 3% 4536140 $ 203,083 $ 2,031 1% 4537034 $ 75,201 $ 3,075 4% 4535276 $ 161,410 $ 4,505 3% 4536164 $ 176,010 $ 6,069 3% 4535712 $ 265,559 $ 6,307 2% 4535854 $ 205,392 $ 6,475 3% 4537918 $ 253,406 $ 7,438 3% 4538655 $ 163,897 $ 4,903 3% 4539459 $ 92,449 $ 2,816 3% c 2004 The Murrayhill Company. All Rights Reserved. Section Three Loss Analysis SAIL 2004-2 Historical Monthly Losses Losses Through: September 30, 2004 Date Loan Loss Amount Loss Percentage 10/25/2004 $147,690.66 0.01% 9/25/2004 $37,027.57 0.00% 8/25/2004 $90,053.52 0.01% 7/25/2004 $737.50 0.00% 6/25/2004 $53,641.74 0.00% 5/25/2004 $0.00 0.00% 4/25/2004 $0.00 0.00% 3/25/2004 $0.00 0.00% Totals: $329,150.99 0.02% *The loss percentage is a calculation of the total monthly loss as a percentage of the original balance of the security. SAIL 2004-2 Loss Reconciliation Report Trustee Remittance Date: October 25, 2004 Remittance Statement Summary 10/25/2004 $147,691 Loan-Level Losses: $147,691 Subsequent Losses: $0 Subsequent Gains: $0 Monthly Security Loss: $147,691 Losses Remitted: $147,691 Difference: $0 Loan-Level Loss Report Loan Number Loss Loan Number Loss Loan Number Loss 4534992 $65,068 4538387 $82,080 4539085 $543 Loan-Level Loss Report Total: $147,691 SAIL 2004-2 Loss Report Losses Through: September 30, 2004 October 25, 2004 Loan Number State Origination Date Original LTV Original Appraisal 4534992 IL 10/30/2003 20% $61,800 Servicer Loss Loss Severity Original Amount Chase Home Finance $65,067.53 105.29% $310,000 Loan Number State Origination Date Original LTV Original Appraisal 4538387 TX 12/19/2003 20% $77,000 Servicer Loss Loss Severity Original Amount Ocwen Financial Services $82,080.32 106.60% $385,000 Loan Number State Origination Date Original LTV Original Appraisal 4539085 OH 12/10/2002 20% $25,600 Servicer Loss Loss Severity Original Amount Aurora Loan Services $542.81 2.12% $128,000 Monthly Total: $147,690.66 89.84% September 25, 2004 Loan Number State Origination Date Original LTV Original Appraisal 4534985 PA 9/30/2003 69% $33,600 Servicer Loss Loss Severity Original Amount Chase Home Finance $36,948.57 109.97% $49,000 Monthly Total: $36,948.57 109.97% August 25, 2004 Loan Number State Origination Date Original LTV Original Appraisal 4538635 GA 12/16/2003 90% $156,600 Servicer Loss Loss Severity Original Amount Ocwen Financial Services $90,132.52 57.56% $174,000 Monthly Total: $90,132.52 57.56% July 25, 2004 Loan Number State Origination Date Original LTV Original Appraisal 4532977 MI 9/16/2003 80% $92,800 Servicer Loss Loss Severity Original Amount Option One Mortgage $612.50 0.66% $116,000 Monthly Total: $612.50 0.66% June 25, 2004 Loan Number State Origination Date Original LTV Original Appraisal 4538287 CO 10/31/2003 20% $51,200 Servicer Loss Loss Severity Original Amount Ocwen Financial Services $53,766.74 105.01% $256,000 Monthly Total: $53,766.74 105.01% Overall Total: $329,150.99 66.02% c 2004 The Murrayhill Company. All Rights Reserved. Section Four Analytics SAIL 2004-2 FICO Distribution by Status Mortgage Data Through: September 30, 2004 FICO Delinquency Percentage 440 Delinquent 0.002 490 Current 0 500 Current 0.013 500 Delinquent 0.041 500 Paid Off 0.016 510 Current 0.027 510 Delinquent 0.064 510 Paid Off 0.033 520 Current 0.035 520 Delinquent 0.073 520 Paid Off 0.036 530 Current 0.033 530 Delinquent 0.073 530 Paid Off 0.045 540 Current 0.037 540 Delinquent 0.068 540 Paid Off 0.041 550 Current 0.043 550 Delinquent 0.075 550 Paid Off 0.054 560 Current 0.046 560 Delinquent 0.039 560 Paid Off 0.046 570 Current 0.039 570 Delinquent 0.066 570 Paid Off 0.037 580 Current 0.042 580 Delinquent 0.057 580 Paid Off 0.041 590 Current 0.043 590 Delinquent 0.052 590 Paid Off 0.049 600 Current 0.052 600 Delinquent 0.046 600 Paid Off 0.055 610 Current 0.055 610 Delinquent 0.043 610 Paid Off 0.053 620 Current 0.064 620 Delinquent 0.059 620 Paid Off 0.064 630 Current 0.065 630 Delinquent 0.046 630 Paid Off 0.064 640 Current 0.063 640 Delinquent 0.041 640 Paid Off 0.05 650 Current 0.057 650 Delinquent 0.021 650 Paid Off 0.056 660 Current 0.05 660 Delinquent 0.034 660 Paid Off 0.05 670 Current 0.044 670 Delinquent 0.023 670 Paid Off 0.042 680 Current 0.039 680 Delinquent 0.018 680 Paid Off 0.031 690 Current 0.033 690 Delinquent 0.018 690 Paid Off 0.04 700 Current 0.023 700 Delinquent 0.011 700 Paid Off 0.027 710 Current 0.021 710 Delinquent 0.002 710 Paid Off 0.011 720 Current 0.018 720 Delinquent 0.005 720 Paid Off 0.016 730 Current 0.012 730 Delinquent 0.002 730 Paid Off 0.009 740 Current 0.012 740 Delinquent 0.009 740 Paid Off 0.009 750 Current 0.011 750 Delinquent 0.002 750 Paid Off 0.008 760 Current 0.007 760 Delinquent 0.005 760 Paid Off 0.007 770 Current 0.007 770 Paid Off 0.004 780 Current 0.005 780 Delinquent 0.005 780 Paid Off 0.002 790 Current 0.002 790 Paid Off 0.001 800 Current 0.002 800 Paid Off 0.002 810 Current 0.001 Status # of Loans Average Std. Deviation Current 7,422 618 64.243 Delinquent 439 583 59.654 Paid Off 1,853 611 64.45 Total: 9,714 SAIL 2004-2 Loan-to-Value Distribution by Status Mortgage Data Through: September 30, 2004 LTV Delinquency Percentage 0.1 Paid Off 0.018 0.1 Current 0.005 0.1 Delinquent 0.005 0.2 Current 0.058 0.2 Delinquent 0.059 0.2 Paid Off 0.098 0.3 Delinquent 0.007 0.3 Paid Off 0.008 0.3 Current 0.01 0.4 Paid Off 0.013 0.4 Current 0.015 0.5 Delinquent 0.016 0.5 Current 0.029 0.5 Paid Off 0.03 0.6 Current 0.061 0.6 Paid Off 0.066 0.6 Delinquent 0.043 0.7 Paid Off 0.139 0.7 Current 0.131 0.7 Delinquent 0.134 0.8 Paid Off 0.346 0.8 Delinquent 0.421 0.8 Current 0.365 0.9 Paid Off 0.229 0.9 Delinquent 0.276 0.9 Current 0.264 1 Delinquent 0.039 1 Current 0.063 1 Paid Off 0.051 Status # of Loans Average Std. Deviation Current 7,422 0.749 0.19 Delinquent 439 0.756 0.178 Paid Off 1,853 0.709 0.226 Total: 9,714 SAIL 2004-2 Balance Distribution by Status Mortgage Data Through: September 30, 2004 Balance Delinquency Percentage 0 Current 0.001 10000 Current 0.001 20000 Current 0.009 20000 Delinquent 0.011 30000 Current 0.021 30000 Delinquent 0.023 40000 Current 0.027 40000 Delinquent 0.057 50000 Current 0.044 50000 Delinquent 0.046 60000 Current 0.044 60000 Delinquent 0.062 70000 Current 0.055 70000 Delinquent 0.062 80000 Current 0.047 80000 Delinquent 0.059 90000 Current 0.05 90000 Delinquent 0.055 100000 Current 0.054 100000 Delinquent 0.068 110000 Current 0.048 110000 Delinquent 0.048 120000 Current 0.044 120000 Delinquent 0.039 130000 Current 0.046 130000 Delinquent 0.057 140000 Current 0.042 140000 Delinquent 0.034 150000 Current 0.041 150000 Delinquent 0.034 160000 Current 0.04 160000 Delinquent 0.039 170000 Current 0.037 170000 Delinquent 0.034 180000 Current 0.031 180000 Delinquent 0.021 190000 Current 0.029 190000 Delinquent 0.014 200000 Current 0.028 200000 Delinquent 0.023 210000 Current 0.024 210000 Delinquent 0.025 220000 Current 0.021 220000 Delinquent 0.016 230000 Current 0.018 230000 Delinquent 0.009 240000 Current 0.017 240000 Delinquent 0.011 250000 Current 0.017 250000 Delinquent 0.014 260000 Current 0.015 260000 Delinquent 0.007 270000 Current 0.014 270000 Delinquent 0.021 280000 Current 0.012 280000 Delinquent 0.009 290000 Current 0.009 290000 Delinquent 0.002 300000 Current 0.011 300000 Delinquent 0.014 310000 Current 0.008 310000 Delinquent 0.005 320000 Current 0.009 320000 Delinquent 0.007 330000 Current 0.008 330000 Delinquent 0.009 340000 Current 0.008 340000 Delinquent 0.002 350000 Current 0.008 350000 Delinquent 0.005 360000 Current 0.007 360000 Delinquent 0.005 370000 Current 0.004 380000 Current 0.005 380000 Delinquent 0.002 390000 Current 0.005 390000 Delinquent 0.002 400000 Current 0.006 400000 Delinquent 0.009 410000 Current 0.003 420000 Current 0.003 420000 Delinquent 0.002 430000 Current 0.002 440000 Current 0.002 440000 Delinquent 0.007 450000 Current 0.002 460000 Current 0.001 460000 Delinquent 0.002 470000 Current 0.001 470000 Delinquent 0.002 480000 Current 0.002 490000 Current 0.002 500000 Current 0.002 500000 Delinquent 0.009 510000 Current 0.001 510000 Delinquent 0.002 520000 Current 0.001 530000 Current 0.001 530000 Delinquent 0.002 540000 Current 0 550000 Current 0.001 560000 Current 0.001 570000 Current 0.001 580000 Current 0 580000 Delinquent 0.002 590000 Current 0.001 590000 Delinquent 0.005 600000 Current 0.001 610000 Current 0 620000 Current 0.001 630000 Current 0 640000 Current 0.001 640000 Delinquent 0.002 650000 Current 0.001 660000 Current 0 670000 Current 0 680000 Current 0 690000 Current 0 700000 Current 0 700000 Delinquent 0.005 740000 Current 0 900000 Current 0 910000 Current 0 950000 Current 0 980000 Delinquent 0.002 Status # of Loans Average Std. Deviation Current 7,422 162,941.00 108,857.38 Delinquent 439 151,413.81 120,041.43 Total: 7,861 SAIL 2004-2 Mortgage Type Distribution by Status Mortgage Data Through: September 30, 2004 Mortgage Type Delinquency Percentage Investment Home Current 0.086 Investment Home Delinquent 0.107 Investment Home Paid Off 0.076 Primary Home Current 0.905 Primary Home Delinquent 0.893 Primary Home Paid Off 0.917 Second Home Current 0.009 Second Home Paid Off 0.008 Mortgage Type Loan Count Total Balance Avg. Balance Std. Deviation ARM 6,490 903,820,856.76 139,263.61 120,263.63 Fixed 3,224 371,997,900.70 115,383.96 109,610.01 Total: 9,714 1,275,818,757.46 SAIL 2004-2 Mortgage Term Distribution by Status Mortgage Data Through: September 30, 2004 Mortgage Term Delinquency Percentage 120 Current 0.001 180 Current 0.063 180 Delinquent 0.043 180 Paid Off 0.095 240 Paid Off 0.024 240 Delinquent 0.005 240 Current 0.021 300 Current 0 360 Current 0.915 360 Delinquent 0.952 360 Paid Off 0.881 # of Loans Other 120 180 240 300 360 9,714 0 6 662 203 2 8,841 SAIL 2004-2 Mortgage Purpose Distribution Mortgage Data Through: September 30, 2004 Origination Statistics Current Loans Number of Loans: 9,859 Number of Loans: 7,422 Delinquent Loans Paid Off Loans Number of Loans: 439 Number of Loans: 1,853 Purpose Number Percentage Purpose Number Percentage Cash-out refinance 5,559 56.4% Cash-out refinance 4,167 56.1% Purchase 3,442 34.9% Purchase 2,612 35.2% Rate/term 723 7.3% Rate/term 536 7.2% Home 1 0.0% Home 1 0.0% Other 134 1.4% Other 106 1.4% Total 9,859 100% Total 7,422 100% Purpose Number Percentage Purpose Number Percentage Cash-out refinance 224 51.0% Cash-out refinance 1,104 59.6% Purchase 176 40.1% Purchase 590 31.8% Rate/term 34 7.7% Rate/term 136 7.3% Home 0 0.0% Home 0 0.0% Other 5 1.1% Other 23 1.2% Total 439 100% Total 1,853 100% SAIL 2004-2 Ownership Distribution by Status Mortgage Data Through: September 30, 2004 Ownership Type Delinquency Percentage Investment Home Current 0.086 Investment Home Delinquent 0.107 Investment Home Paid Off 0.076 Primary Home Current 0.905 Primary Home Delinquent 0.893 Primary Home Paid Off 0.917 Second Home Current 0.009 Second Home Paid Off 0.008 Title # of Loans Investment Home 824 Primary Home 8,811 Second Home 79 Total: 9,714 SAIL 2004-2 Delinquent Count Over Time Mortgage Data Through: September 30, 2004 Total Count in Status AsOfDate 30 Days 60 Days 90 Days Foreclosure REO 2/29/2004 61 16 1 6 0 3/31/2004 111 13 11 13 0 4/30/2004 101 39 19 23 0 5/31/2004 135 41 21 48 1 6/30/2004 154 48 34 72 2 7/31/2004 170 64 40 91 3 8/31/2004 166 53 42 134 3 9/30/2004 177 58 59 138 7 SAIL 2004-2 Delinquent Balance Over Time Mortgage Data Through: September 30, 2004 Total Balance in Status AsOfDate 30 Days 60 Days 90 Days Foreclosure REO 2/29/2004 $9,549,490 $2,337,569 $119,502 $557,824 - 3/31/2004 $18,216,348 $2,411,130 $1,841,496 $1,827,442 - 4/30/2004 $16,965,102 $7,113,054 $2,603,717 $3,688,013 - 5/31/2004 $20,754,044 $6,234,019 $2,734,292 $8,233,200 $76,500 6/30/2004 $25,802,034 $7,411,045 $3,904,122 $12,562,733 $112,026 7/31/2004 $24,280,813 $10,721,046 $4,356,738 $16,417,930 $195,186 8/31/2004 $24,911,650 $6,853,394 $4,022,412 $24,390,613 $195,186 9/30/2004 $27,942,220 $7,370,713 $6,920,946 $23,421,288 $815,493 SAIL 2004-2 Conditional Prepayment Rates Mortgage Data Through: September 30, 2004 Date * Distribution Date CPR 3-Month MA 6-Month MA 12-Month MA 30-Sep-04 25-Oct-04 45.76% 42.67% 37.04% 31-Aug-04 25-Sep-04 42.23% 38.66% 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% * Data in table is displayed for only the most recent 18 months. SAIL 2004-2 Historical SDA Performance Mortgage Data Through: September 30, 2004 Weighted Monthly Date Average Age Default Amt Default Rate CDR (F-R) SDA Curve SDA % 30-Sep-04 10.66 $620,308 0.04% 0.48% 0.21% 225% 31-Aug-04 9.66 $0 0.00% 0.00% 0.19% 0% 31-Jul-04 8.67 $83,160 0.00% 0.00% 0.17% 0% 30-Jun-04 7.69 $35,526 0.00% 0.00% 0.15% 0% 31-May-04 6.70 $76,500 0.00% 0.00% 0.13% 0% 30-Apr-04 5.77 $0 0.00% 0.00% 0.12% 0% 31-Mar-04 4.73 $0 0.00% 0.00% 0.09% 0% 29-Feb-04 3.78 $0 0.00% 0.00% 0.08% 0% Averages: 7.21 $101,937 0.01% 0.06% 0.14% 28% Copyright 2004 The Murrayhill Company. All Rights Reserved.

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