8-K 1 sai04007_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 2004-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115858-07 54-6636455 Pooling and Servicing Agreement) (Commission 54-6636456 (State or other File Number) 54-6636457 jurisdiction 54-6636458 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-7 Trust . ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-7 Trust, relating to the 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 2004-7 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-7 Trust, relating to the 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: 2004-7 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 86358EKB1 SEN 12.~~87000~~18750% ~~330~~315,~~991~~285,~~763~~928.9293 ~~567~~613,~~375~~055.0597 59,~~682~~630,~~400~~199.9047 A2 86358EKC9 SEN 12.~~88000~~19750% ~~327~~310,~~104~~094,~~233~~163.9857 ~~563~~605,~~709~~717.6327 611,~~895~~476,~~565~~901.9995 A3 86358EKD7 SEN 12.~~91500~~23250% ~~272~~255,~~852~~784,~~793~~918.4851 ~~478~~507,~~970~~590.3496 611,~~717~~066,~~826~~987.3681 A4 86358EKE5 SEN 12.~~91500~~23250% ~~337~~323,~~652~~823,~~387~~906.3324 ~~592~~642,~~720~~610.6355 710,~~126~~573,~~032~~078.1424 A5 86358EKF2 SEN 12.~~84500~~16250% ~~400~~374,~~707~~004,~~950~~616.3133 ~~677~~718,~~697~~919.3298 1215,~~408~~513,~~480~~125.0045 A6 86358EKG0 SEN 2.~~12500~~44250% 77,719,000.00 ~~151~~168,~~390~~736.1458 0.00 A7 86358EKH8 SEN 2.~~03500~~35250% 84,340,000.00 ~~157~~176,~~329~~364.2431 0.00 A8 86358EKJ4 SEN 2.~~21500~~53250% 34,697,000.00 7078,~~449~~106.3780 0.00 A-SIO 86358EKK1 IO 0.00000% 0.00 0.00 0.00 M1 86358EKL9 MEZ 2.~~31500~~63250% 81,161,000.00 ~~172~~189,~~230~~916.4174 0.00 M2 86358EKM7 MEZ 2.~~36500~~68250% 37,876,000.00 8290,~~112~~313.0122 0.00 M3 86358EKN5 MEZ 2.~~51500~~83250% 19,479,000.00 4449,~~907~~043.2179 0.00 M4 86358EKP0 MEZ 23.~~96500~~28250% 23,807,000.00 6469,~~705~~463.4454 0.00 M5 86358EKQ8 MEZ 3.~~46500~~78250% 27,054,000.00 8590,~~930~~961.2756 0.00 M6 86358EKR6 MEZ 34.~~71500~~03250% 21,643,000.00 7377,~~703~~578.4313 0.00 M7 86358EKS4 MEZ 4.~~11500~~43250% 27,053,000.00 ~~102~~106,~~046~~588.1782 0.00 B 86358EKT2 SUB 4.~~11500~~43250% 21,643,000.00 8185,~~639~~273.2042 0.00 X SAI04007X SEN 0.00000% 10,820,970.00 76,~~096~~846,~~710~~897.2723 0.00 P SAI04007P SEN 0.00000% 100.00 ~~605~~1,~~559~~118,785.5567 0.00 Totals 2,~~136~~046,~~602~~286,~~199~~603.0258 1112,~~669~~235,~~185~~924.6854 3858,~~830~~260,~~305~~292.3992

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~325~~305,~~309~~655,~~363~~729.0246 610,~~249~~243,~~775~~255.9544 0.00 A2 0.00 ~~320~~298,~~208~~617,~~667~~261.9962 712,~~459~~082,~~275~~619.6222 0.00 A3 0.00 ~~266~~244,~~134~~717,~~967~~930.1270 711,~~196~~574,~~796~~578.7077 0.00 A4 0.00 ~~330~~313,~~526~~250,~~355~~828.1900 711,~~718~~215,~~752~~688.7779 0.00 A5 0.00 ~~388~~358,~~299~~491,~~470~~490.3188 1316,~~086~~232,~~177~~045.3243 0.00 A6 0.00 77,719,000.00 ~~151~~168,~~390~~736.1458 0.00 A7 0.00 84,340,000.00 ~~157~~176,~~329~~364.2431 0.00 A8 0.00 34,697,000.00 7078,~~449~~106.3780 0.00 A-SIO 0.00 0.00 0.00 0.00 M1 0.00 81,161,000.00 ~~172~~189,~~230~~916.4174 0.00 M2 0.00 37,876,000.00 8290,~~112~~313.0122 0.00 M3 0.00 19,479,000.00 4449,~~907~~043.2179 0.00 M4 0.00 23,807,000.00 6469,~~705~~463.4454 0.00 M5 0.00 27,054,000.00 8590,~~930~~961.2756 0.00 M6 0.00 21,643,000.00 7377,~~703~~578.4313 0.00 M7 0.00 27,053,000.00 ~~102~~106,~~046~~588.1782 0.00 B 0.00 21,643,000.00 8185,~~639~~273.2042 0.00 X 0.00 10,820,970.00 76,~~096~~846,~~710~~897.2723 0.00 P 0.00 100.00 ~~605~~1,~~559~~118,785.5567 0.00 Totals 0.00 21,~~097~~988,~~771~~026,~~893~~310.6366 5070,~~499~~496,~~491~~217.0746 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A1 334,549,000.00 ~~330~~315,~~991~~285,~~763~~928.9293 0.00 59,~~682~~630,~~400~~199.9047 0.00 0.00 A2 330,513,000.00 ~~327~~310,~~104~~094,~~233~~163.9857 0.00 611,~~895~~476,~~565~~901.9995 0.00 0.00 A3 280,262,000.00 ~~272~~255,~~852~~784,~~793~~918.4851 0.00 611,~~717~~066,~~826~~987.3681 0.00 0.00 A4 340,669,000.00 ~~337~~323,~~652~~823,~~387~~906.3324 0.00 710,~~126~~573,~~032~~078.1424 0.00 0.00 A5 411,013,000.00 ~~400~~374,~~707~~004,~~950~~616.3133 0.00 1215,~~408~~513,~~480~~125.0045 0.00 0.00 A6 77,719,000.00 77,719,000.00 0.00 0.00 0.00 0.00 A7 84,340,000.00 84,340,000.00 0.00 0.00 0.00 0.00 A8 34,697,000.00 34,697,000.00 0.00 0.00 0.00 0.00 A-SIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 81,161,000.00 81,161,000.00 0.00 0.00 0.00 0.00 M2 37,876,000.00 37,876,000.00 0.00 0.00 0.00 0.00 M3 19,479,000.00 19,479,000.00 0.00 0.00 0.00 0.00 M4 23,807,000.00 23,807,000.00 0.00 0.00 0.00 0.00 M5 27,054,000.00 27,054,000.00 0.00 0.00 0.00 0.00 M6 21,643,000.00 21,643,000.00 0.00 0.00 0.00 0.00 M7 27,053,000.00 27,053,000.00 0.00 0.00 0.00 0.00 B 21,643,000.00 21,643,000.00 0.00 0.00 0.00 0.00 X 0.00 10,820,970.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 2,153,478,100.00 2,~~136~~046,~~602~~286,~~199~~603.0258 0.00 3858,~~830~~260,~~305~~292.3992 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A1 59,~~682~~630,~~400~~199.9047 ~~325~~305,~~309~~655,~~363~~729.0246 0.~~97238181~~91363516 59,~~682~~630,~~400~~199.9047 A2 611,~~895~~476,~~565~~901.9995 ~~320~~298,~~208~~617,~~667~~261.9962 0.~~96882322~~90349627 611,~~895~~476,~~565~~901.9995 A3 611,~~717~~066,~~826~~987.3681 ~~266~~244,~~134~~717,~~967~~930.1270 0.~~94959348~~87317557 611,~~717~~066,~~826~~987.3681 A4 710,~~126~~573,~~032~~078.1424 ~~330~~313,~~526~~250,~~355~~828.1900 0.~~97022727~~91951668 710,~~126~~573,~~032~~078.1424 A5 1215,~~408~~513,~~480~~125.0045 ~~388~~358,~~299~~491,~~470~~490.3188 0.~~94473769~~87221448 1215,~~408~~513,~~480~~125.0045 A6 0.00 77,719,000.00 1.00000000 0.00 A7 0.00 84,340,000.00 1.00000000 0.00 A8 0.00 34,697,000.00 1.00000000 0.00 A-SIO 0.00 0.00 0.00000000 0.00 M1 0.00 81,161,000.00 1.00000000 0.00 M2 0.00 37,876,000.00 1.00000000 0.00 M3 0.00 19,479,000.00 1.00000000 0.00 M4 0.00 23,807,000.00 1.00000000 0.00 M5 0.00 27,054,000.00 1.00000000 0.00 M6 0.00 21,643,000.00 1.00000000 0.00 M7 0.00 27,053,000.00 1.00000000 0.00 B 0.00 21,643,000.00 1.00000000 0.00 X 0.00 10,820,970.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 3858,~~830~~260,~~305~~292.3992 21,~~097~~988,~~771~~026,~~893~~310.6366 0.~~97413198~~92316997 3858,~~830~~260,~~305~~292.3992

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 334,549,000.00 ~~989~~942.~~36707006~~42077821 0.00000000 1628.~~98525747~~78561726 0.00000000 A2 330,513,000.00 ~~989~~938.~~68643890~~22077670 0.00000000 2034.~~86322169~~72450993 0.00000000 A3 280,262,000.00 ~~973~~912.~~56328535~~66357376 0.00000000 2339.~~96980811~~48800697 0.00000000 A4 340,669,000.00 ~~991~~950.~~14503324~~55290103 0.00000000 2031.~~91775929~~03622061 0.00000000 A5 411,013,000.00 ~~974~~909.~~92767944~~95811892 0.00000000 3037.~~18999399~~74363694 0.00000000 A6 77,719,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A7 84,340,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A8 34,697,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-SIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 81,161,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 37,876,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 19,479,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 23,807,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 27,054,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 21,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 27,053,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 21,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 100.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 1628.~~98525747~~78561726 ~~972~~913.~~38181259~~63516095 0.~~97238181~~91363516 1628.~~98525747~~78561726 A2 0.00000000 2034.~~86322169~~72450993 ~~968~~903.~~82321721~~49626677 0.~~96882322~~90349627 2034.~~86322169~~72450993 A3 0.00000000 2339.~~96980811~~48800697 ~~949~~873.~~59347725~~17556679 0.~~94959348~~87317557 2339.~~96980811~~48800697 A4 0.00000000 2031.~~91775929~~03622061 ~~970~~919.~~22727395~~51668041 0.~~97022727~~91951668 2031.~~91775929~~03622061 A5 0.00000000 3037.~~18999399~~74363694 ~~944~~872.~~73768545~~21448198 0.~~94473769~~87221448 3037.~~18999399~~74363694 A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 100.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A1 334,549,000.00 12.~~87000~~18750% ~~330~~315,~~991~~285,~~763~~928.9293 ~~567~~613,~~375~~055.0597 0.00 0.00 A2 330,513,000.00 12.~~88000~~19750% ~~327~~310,~~104~~094,~~233~~163.9857 ~~563~~605,~~709~~717.6327 0.00 0.00 A3 280,262,000.00 12.~~91500~~23250% ~~272~~255,~~852~~784,~~793~~918.4851 ~~478~~507,~~970~~590.3496 0.00 0.00 A4 340,669,000.00 12.~~91500~~23250% ~~337~~323,~~652~~823,~~387~~906.3324 ~~592~~642,~~720~~610.6355 0.00 0.00 A5 411,013,000.00 12.~~84500~~16250% ~~400~~374,~~707~~004,~~950~~616.3133 ~~677~~718,~~697~~919.3298 0.00 0.00 A6 77,719,000.00 2.~~12500~~44250% 77,719,000.00 ~~151~~168,~~390~~736.1458 0.00 0.00 A7 84,340,000.00 2.~~03500~~35250% 84,340,000.00 ~~157~~176,~~329~~364.2431 0.00 0.00 A8 34,697,000.00 2.~~21500~~53250% 34,697,000.00 7078,~~449~~106.3780 0.00 0.00 A-SIO 0.00 0.00000% 21,~~090~~950,~~406~~610,~~421~~943.5318 0.00 0.00 0.00 M1 81,161,000.00 2.~~31500~~63250% 81,161,000.00 ~~172~~189,~~230~~916.4174 0.00 0.00 M2 37,876,000.00 2.~~36500~~68250% 37,876,000.00 8290,~~112~~313.0122 0.00 0.00 M3 19,479,000.00 2.~~51500~~83250% 19,479,000.00 4449,~~907~~043.2179 0.00 0.00 M4 23,807,000.00 23.~~96500~~28250% 23,807,000.00 6469,~~705~~463.4454 0.00 0.00 M5 27,054,000.00 3.~~46500~~78250% 27,054,000.00 8590,~~930~~961.2756 0.00 0.00 M6 21,643,000.00 34.~~71500~~03250% 21,643,000.00 7377,~~703~~578.4313 0.00 0.00 M7 27,053,000.00 4.~~11500~~43250% 27,053,000.00 ~~102~~106,~~046~~588.1782 0.00 0.00 B 21,643,000.00 4.~~11500~~43250% 21,643,000.00 8185,~~639~~273.2042 0.00 0.00 X 0.00 0.00000% 2,~~136~~046,~~602~~286,~~199~~603.0258 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 2,153,478,100.00 34,~~966~~270,~~915~~241.8664 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A1 0.00 0.00 ~~567~~613,~~375~~055.0597 0.00 ~~325~~305,~~309~~655,~~363~~729.0246 A2 0.00 0.00 ~~563~~605,~~709~~717.6327 0.00 ~~320~~298,~~208~~617,~~667~~261.9962 A3 0.00 0.00 ~~478~~507,~~970~~590.3496 0.00 ~~266~~244,~~134~~717,~~967~~930.1270 A4 0.00 0.00 ~~592~~642,~~720~~610.6355 0.00 ~~330~~313,~~526~~250,~~355~~828.1900 A5 0.00 0.00 ~~677~~718,~~697~~919.3298 0.00 ~~388~~358,~~299~~491,~~470~~490.3188 A6 0.00 0.00 ~~151~~168,~~390~~736.1458 0.00 77,719,000.00 A7 0.00 0.00 ~~157~~176,~~329~~364.2431 0.00 84,340,000.00 A8 0.00 0.00 7078,~~449~~106.3780 0.00 34,697,000.00 A-SIO 0.00 0.00 0.00 0.00 21,~~019~~884,~~292~~279,~~001~~512.5376 M1 0.00 0.00 ~~172~~189,~~230~~916.4174 0.00 81,161,000.00 M2 0.00 0.00 8290,~~112~~313.0122 0.00 37,876,000.00 M3 0.00 0.00 4449,~~907~~043.2179 0.00 19,479,000.00 M4 0.00 0.00 6469,~~705~~463.4454 0.00 23,807,000.00 M5 0.00 0.00 8590,~~930~~961.2756 0.00 27,054,000.00 M6 0.00 0.00 7377,~~703~~578.4313 0.00 21,643,000.00 M7 0.00 0.00 ~~102~~106,~~046~~588.1782 0.00 27,053,000.00 B 0.00 0.00 8185,~~639~~273.2042 0.00 21,643,000.00 X 0.00 0.00 76,~~096~~846,~~710~~897.2723 0.00 21,~~097~~988,~~771~~026,~~893~~310.6366 P 0.00 0.00 ~~605~~1,~~559~~118,785.5567 0.00 100.00 Totals 0.00 0.00 1112,~~669~~235,~~185~~924.6854 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A1 334,549,000.00 12.~~87000~~18750% ~~989~~942.~~36707006~~42077821 1.~~69594006~~83248484 0.00000000 0.00000000 A2 330,513,000.00 12.~~88000~~19750% ~~989~~938.~~68643890~~22077670 1.~~70555963~~83265793 0.00000000 0.00000000 A3 280,262,000.00 12.~~91500~~23250% ~~973~~912.~~56328535~~66357376 1.~~70900921~~81113016 0.00000000 0.00000000 A4 340,669,000.00 12.~~91500~~23250% ~~991~~950.~~14503324~~55290103 1.~~73987252~~88631942 0.00000000 0.00000000 A5 411,013,000.00 12.~~84500~~16250% ~~974~~909.~~92767944~~95811892 1.~~64884644~~74914171 0.00000000 0.00000000 A6 77,719,000.00 2.~~12500~~44250% 1000.00000000 12.~~94791673~~17111105 0.00000000 0.00000000 A7 84,340,000.00 2.~~03500~~35250% 1000.00000000 12.~~86541665~~09111110 0.00000000 0.00000000 A8 34,697,000.00 2.~~21500~~53250% 1000.00000000 2.~~03041675~~25111105 0.00000000 0.00000000 A-SIO 0.00 0.00000% ~~965~~901.~~97360319~~37432693 0.00000000 0.00000000 0.00000000 M1 81,161,000.00 2.~~31500~~63250% 1000.00000000 2.~~12208339~~34000000 0.00000000 0.00000000 M2 37,876,000.00 2.~~36500~~68250% 1000.00000000 2.~~16791662~~38444450 0.00000000 0.00000000 M3 19,479,000.00 2.~~51500~~83250% 1000.00000000 2.~~30541660~~51777761 0.00000000 0.00000000 M4 23,807,000.00 23.~~96500~~28250% 1000.00000000 2.~~71791658~~91777796 0.00000000 0.00000000 M5 27,054,000.00 3.~~46500~~78250% 1000.00000000 3.~~17625009~~36222222 0.00000000 0.00000000 M6 21,643,000.00 34.~~71500~~03250% 1000.00000000 3.~~40541653~~58444439 0.00000000 0.00000000 M7 27,053,000.00 4.~~11500~~43250% 1000.00000000 3.~~77208332~~94000000 0.00000000 0.00000000 B 21,643,000.00 4.~~11500~~43250% 1000.00000000 3.~~77208335~~94000000 0.00000000 0.00000000 X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 100.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A1 0.00000000 0.00000000 1.~~69594006~~83248484 0.00000000 ~~972~~913.~~38181259~~63516095 A2 0.00000000 0.00000000 1.~~70555963~~83265793 0.00000000 ~~968~~903.~~82321721~~49626677 A3 0.00000000 0.00000000 1.~~70900921~~81113016 0.00000000 ~~949~~873.~~59347725~~17556679 A4 0.00000000 0.00000000 1.~~73987252~~88631942 0.00000000 ~~970~~919.~~22727395~~51668041 A5 0.00000000 0.00000000 1.~~64884644~~74914171 0.00000000 ~~944~~872.~~73768545~~21448198 A6 0.00000000 0.00000000 12.~~94791673~~17111105 0.00000000 1000.00000000 A7 0.00000000 0.00000000 12.~~86541665~~09111110 0.00000000 1000.00000000 A8 0.00000000 0.00000000 2.~~03041675~~25111105 0.00000000 1000.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 ~~933~~870.~~11173871~~72267460 M1 0.00000000 0.00000000 2.~~12208339~~34000000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~16791662~~38444450 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~30541660~~51777761 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.~~71791658~~91777796 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.~~17625009~~36222222 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.~~40541653~~58444439 0.00000000 1000.00000000 M7 0.00000000 0.00000000 3.~~77208332~~94000000 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~77208335~~94000000 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~605559~~1118785.~~55000000~~67000000 0.00000000 100.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage A-SIO(1) 0.00000% ~~394~~367,~~057~~704,~~075~~593.6474 ~~380~~355,~~651~~200,~~481~~628.3638 0.00 0.00 9387.~~31117387~~07226746% A-SIO(2) 0.00000% ~~389~~363,~~303~~268,~~297~~723.5755 ~~376~~350,~~059~~915,~~424~~602.0701 0.00 0.00 9387.~~31117387~~07226746% A-SIO(3) 0.00000% ~~330~~308,~~113~~037,~~578~~303.2594 ~~318~~297,~~883~~562,~~304~~352.8445 0.00 0.00 9387.~~31117387~~07226746% A-SIO(4) 0.00000% ~~401~~374,~~266~~431,~~221~~629.8384 ~~387~~361,~~615~~698,~~376~~908.5549 0.00 0.00 9387.~~31117387~~07226746% A-SIO(5) 0.00000% ~~575~~537,~~666~~168,~~248~~692.2411 ~~556~~518,~~082~~902,~~414~~021.7143 0.00 0.00 9387.~~31117387~~07226746%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 5272,~~092~~019,~~984~~548.3538 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5272,~~092~~019,~~984~~548.3538 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,~~593~~523,~~493~~330.2892 Payment of Interest and Principal 5070,~~499~~496,~~491~~217.0746 Total Withdrawals (Pool Distribution Amount) 5272,~~092~~019,~~984~~548.3538 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~668~~640,~~771~~932.6277 Credit Risk Manager Fee 2625,~~707~~578.5358 PMI Insurance Premium Fee paid by Master Servicer ~~590~~561,~~497~~257.1743 PMI Insurance Premium Fee paid by Servicer ~~162~~157,~~552~~555.8528 Special Servicing Fee ~~143~~136,~~183~~300.2491 Wells Fargo Bank, N.A. 1,~~780~~705.8795 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~593~~523,~~493~~330.2892

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0749,901.0054 0749,901.0054 1,000.00 Financial Guaranty 0.00 0.00 0.00 0.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 01 0 0 01 0210,123.0033 0.00 0.00 0210,123.0033 30 Days ~~105~~225 01 0 0 ~~105~~226 1736,~~642~~262,~~737~~397.6724 0108,825.0063 0.00 0.00 1736,~~642~~371,~~737~~222.6787 60 Days 33135 02 0 0 33137 323,~~714~~134,~~901~~956.2905 0123,646.0030 0.00 0.00 323,~~714~~258,~~901~~602.2935 90 Days 1232 0 03 0 1235 15,~~694~~213,~~374~~275.0527 0.00 0302,046.0094 0.00 15,~~694~~515,~~374~~322.0521 120 Days 123 0 0 0 123 ~~398~~2,~~673~~140,739.2988 0.00 0.00 0.00 ~~398~~2,~~673~~140,739.2988 150 Days 09 0 0 0 09 01,359,701.0041 0.00 0.00 0.00 01,359,701.0041 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~151~~424 04 03 0 ~~151~~431 2368,~~450~~111,~~686~~069.3085 0442,595.0026 0302,046.0094 0.00 2368,~~450~~855,~~686~~712.3005 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~000000~~008649% 0.000000% 0.000000% 0.~~000000~~008649% 0.~~000000~~010561% 0.000000% 0.000000% 0.~~000000~~010561% 30 Days 01.~~867195~~946030% 0.~~000000~~008649% 0.000000% 0.000000% 01.~~867195~~954679% 01.~~840446~~822656% 0.~~000000~~005470% 0.000000% 0.000000% 01.~~840446~~828126% 60 Days 01.~~272547~~167618% 0.~~000000~~017298% 0.000000% 0.000000% 01.~~272547~~184916% 01.~~176967~~162832% 0.~~000000~~006215% 0.000000% 0.000000% 01.~~176967~~169047% 90 Days 0.~~099108~~276769% 0.000000% 0.~~000000~~025947% 0.000000% 0.~~099108~~302716% 0.~~080715~~262035% 0.000000% 0.~~000000~~015182% 0.000000% 0.~~080715~~277217% 120 Days 0.~~008259~~198928% 0.000000% 0.000000% 0.000000% 0.~~008259~~198928% 0.~~018992~~107600% 0.000000% 0.000000% 0.000000% 0.~~018992~~107600% 150 Days 0.~~000000~~077841% 0.000000% 0.000000% 0.000000% 0.~~000000~~077841% 0.~~000000~~068343% 0.000000% 0.000000% 0.000000% 0.~~000000~~068343% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 13.~~247109~~667186% 0.~~000000~~034596% 0.~~000000~~025947% 0.000000% 13.~~247109~~727729% 13.~~117119~~423466% 0.~~000000~~022246% 0.~~000000~~015182% 0.000000% 13.~~117119~~460894%

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 01 0 0 01 0210,123.0033 0.00 0.00 0210,123.0033 30 Days 28 0 0 0 28 ~~283~~819,~~004~~234.2295 0.00 0.00 0.00 ~~283~~819,~~004~~234.2295 60 Days 26 01 0 0 27 ~~326~~776,~~638~~138.5883 024,827.0053 0.00 0.00 ~~326~~800,~~638~~966.5836 90 Days 01 0 0 0 01 0219,302.0045 0.00 0.00 0.00 0219,302.0045 120 Days 02 0 0 0 02 0326,638.0058 0.00 0.00 0.00 0326,638.0058 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 417 02 0 0 419 ~~609~~2,~~642~~141,314.8081 0234,950.0086 0.00 0.00 ~~609~~2,~~642~~376,265.8067 0-29 Days 0.~~000000~~136986% 0.000000% 0.000000% 0.~~000000~~136986% 0.~~000000~~246258% 0.000000% 0.000000% 0.~~000000~~246258% 30 Days 01.~~262467~~095890% 0.000000% 0.000000% 0.000000% 01.~~262467~~095890% 0.~~316642~~960120% 0.000000% 0.000000% 0.000000% 0.~~316642~~960120% 60 Days 0.~~262467~~821918% 0.~~000000~~136986% 0.000000% 0.000000% 0.~~262467~~958904% 0.~~365462~~909612% 0.~~000000~~029097% 0.000000% 0.000000% 0.~~365462~~938709% 90 Days 0.~~000000~~136986% 0.000000% 0.000000% 0.000000% 0.~~000000~~136986% 0.~~000000~~257016% 0.000000% 0.000000% 0.000000% 0.~~000000~~257016% 120 Days 0.~~000000~~273973% 0.000000% 0.000000% 0.000000% 0.~~000000~~273973% 0.~~000000~~382811% 0.000000% 0.000000% 0.000000% 0.~~000000~~382811% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 02.~~524934~~328767% 0.~~000000~~273973% 0.000000% 0.000000% 02.~~524934~~602740% 02.~~682104~~509559% 0.~~000000~~275356% 0.000000% 0.000000% 02.~~682104~~784915% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1315 0 0 0 1315 35,~~699~~494,~~144~~496.7119 0.00 0.00 0.00 35,~~699~~494,~~144~~496.7119 60 Days 422 0 0 0 422 ~~775~~6,~~298~~200,218.9688 0.00 0.00 0.00 ~~775~~6,~~298~~200,218.9688 90 Days 52 0 0 0 52 1766,~~032,229~~388.6300 0.00 0.00 0.00 1766,~~032,229~~388.6300 120 Days 13 0 0 0 13 ~~398~~311,~~673~~028.2971 0.00 0.00 0.00 ~~398~~311,~~673~~028.2971 150 Days 03 0 0 0 03 0710,437.0030 0.00 0.00 0.00 0710,437.0030 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2345 0 0 0 2345 513,~~905~~482,~~346~~569.5908 0.00 0.00 0.00 513,~~905~~482,~~346~~569.5908 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~051780~~280956% 0.000000% 0.000000% 0.000000% 1.~~051780~~280956% 01.~~875975~~377617% 0.000000% 0.000000% 0.000000% 01.~~875975~~377617% 60 Days 01.~~323625~~878736% 0.000000% 0.000000% 0.000000% 01.~~323625~~878736% 01.~~183595~~554560% 0.000000% 0.000000% 0.000000% 01.~~183595~~554560% 90 Days 0.~~404531~~170794% 0.000000% 0.000000% 0.000000% 0.~~404531~~170794% 0.~~244437~~192154% 0.000000% 0.000000% 0.000000% 0.~~244437~~192154% 120 Days 0.~~080906~~256191% 0.000000% 0.000000% 0.000000% 0.~~080906~~256191% 0.~~094408~~077983% 0.000000% 0.000000% 0.000000% 0.~~094408~~077983% 150 Days 0.~~000000~~256191% 0.000000% 0.000000% 0.000000% 0.~~000000~~256191% 0.~~000000~~178126% 0.000000% 0.000000% 0.000000% 0.~~000000~~178126% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 13.~~860841~~842869% 0.000000% 0.000000% 0.000000% 13.~~860841~~842869% 13.~~398414~~380439% 0.000000% 0.000000% 0.000000% 13.~~398414~~380439% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1436 01 0 0 1437 25,~~636~~772,~~261~~467.7590 0108,825.0063 0.00 0.00 25,~~636~~881,~~261~~293.7553 60 Days 823 0 0 0 823 ~~648~~3,~~555~~592,968.0083 0.00 0.00 0.00 ~~648~~3,~~555~~592,968.0083 90 Days 07 0 0 0 07 01,211,463.0036 0.00 0.00 0.00 01,211,463.0036 120 Days 06 0 0 0 06 0443,100.00 0.00 0.00 0.00 0443,100.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2272 01 0 0 2273 311,~~284~~020,~~816~~000.7509 0108,825.0063 0.00 0.00 311,~~284~~128,~~816~~825.7572 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~741525~~988950% 0.~~000000~~055249% 0.000000% 0.000000% 02.~~741525~~044199% 01.~~851345~~962951% 0.~~000000~~037007% 0.000000% 0.000000% 01.~~851345~~999958% 60 Days 01.~~423729~~270718% 0.000000% 0.000000% 0.000000% 01.~~423729~~270718% 01.~~209442~~221804% 0.000000% 0.000000% 0.000000% 01.~~209442~~221804% 90 Days 0.~~000000~~386740% 0.000000% 0.000000% 0.000000% 0.~~000000~~386740% 0.~~000000~~411963% 0.000000% 0.000000% 0.000000% 0.~~000000~~411963% 120 Days 0.~~000000~~331492% 0.000000% 0.000000% 0.000000% 0.~~000000~~331492% 0.~~000000~~150678% 0.000000% 0.000000% 0.000000% 0.~~000000~~150678% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 13.~~165254~~977901% 0.~~000000~~055249% 0.000000% 0.000000% 14.~~165254~~033149% 13.~~060787~~747396% 0.~~000000~~037007% 0.000000% 0.000000% 13.~~060787~~784403% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 28 0 0 0 28 78658,~~816~~443.0874 0.00 0.00 0.00 78658,~~816~~443.0874 60 Days 15 0 0 0 15 20513,~~000~~288.0095 0.00 0.00 0.00 20513,~~000~~288.0095 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 01 0 0 0 01 020,000.00 0.00 0.00 0.00 020,000.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 314 0 0 0 314 981,~~816~~191,732.0869 0.00 0.00 0.00 981,~~816~~191,732.0869 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~270270~~101928% 0.000000% 0.000000% 0.000000% 01.~~270270~~101928% 0.~~079317~~676425% 0.000000% 0.000000% 0.000000% 0.~~079317~~676425% 60 Days 0.~~135135~~688705% 0.000000% 0.000000% 0.000000% 0.~~135135~~688705% 0.~~020127~~527306% 0.000000% 0.000000% 0.000000% 0.~~020127~~527306% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.~~000000~~137741% 0.000000% 0.000000% 0.000000% 0.~~000000~~137741% 0.~~000000~~020546% 0.000000% 0.000000% 0.000000% 0.~~000000~~020546% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~405405~~928375% 0.000000% 0.000000% 0.000000% 01.~~405405~~928375% 01.~~099444~~224277% 0.000000% 0.000000% 0.000000% 01.~~099444~~224277% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1758 0 0 0 1758 29,~~754~~170,~~875~~994.4402 0.00 0.00 0.00 29,~~754~~170,~~875~~994.4402 60 Days 235 0 0 0 235 ~~206~~5,~~975~~793,077.0077 0.00 0.00 0.00 ~~206~~5,~~975~~793,077.0077 90 Days 05 0 02 0 07 01,101,754.0078 0.00 0140,641.0080 0.00 01,242,396.0058 120 Days 02 0 0 0 02 0206,975.00 0.00 0.00 0.00 0206,975.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 19100 0 02 0 19102 216,~~961~~272,~~850~~801.4457 0.00 0140,641.0080 0.00 216,~~961~~413,~~850~~443.4437 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 03.~~968109~~493976% 0.000000% 0.000000% 0.000000% 03.~~968109~~493976% 03.~~938141~~345836% 0.000000% 0.000000% 0.000000% 03.~~938141~~345836% 60 Days 02.~~113895~~108434% 0.000000% 0.000000% 0.000000% 02.~~113895~~108434% 02.~~070483~~113477% 0.000000% 0.000000% 0.000000% 02.~~070483~~113477% 90 Days 0.~~000000~~301205% 0.000000% 0.~~000000~~120482% 0.000000% 0.~~000000~~421687% 0.~~000000~~401951% 0.000000% 0.~~000000~~051310% 0.000000% 0.~~000000~~453261% 120 Days 0.~~000000~~120482% 0.000000% 0.000000% 0.000000% 0.~~000000~~120482% 0.~~000000~~075510% 0.000000% 0.000000% 0.000000% 0.~~000000~~075510% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 16.~~082005~~024096% 0.000000% 0.~~000000~~120482% 0.000000% 16.~~082005~~144578% 15.~~008624~~936774% 0.000000% 0.~~000000~~051310% 0.000000% 15.~~008624~~988084% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 98 0 0 0 98 ~~758~~681,~~099~~466.2790 0.00 0.00 0.00 ~~758~~681,~~099~~466.2790 60 Days 46 0 0 0 46 ~~163~~480,~~179~~549.2823 0.00 0.00 0.00 ~~163~~480,~~179~~549.2823 90 Days 01 0 0 0 01 06,870.0082 0.00 0.00 0.00 06,870.0082 120 Days 02 0 0 0 02 098,909.0094 0.00 0.00 0.00 098,909.0094 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1317 0 0 0 1317 ~~921~~1,~~278~~267,796.5589 0.00 0.00 0.00 ~~921~~1,~~278~~267,796.5589 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~239669~~161103% 0.000000% 0.000000% 0.000000% 1.~~239669~~161103% 0.~~918121~~865919% 0.000000% 0.000000% 0.000000% 0.~~918121~~865919% 60 Days 0.~~550964~~870827% 0.000000% 0.000000% 0.000000% 0.~~550964~~870827% 0.~~197624~~610619% 0.000000% 0.000000% 0.000000% 0.~~197624~~610619% 90 Days 0.~~000000~~145138% 0.000000% 0.000000% 0.000000% 0.~~000000~~145138% 0.~~000000~~008731% 0.000000% 0.000000% 0.000000% 0.~~000000~~008731% 120 Days 0.~~000000~~290276% 0.000000% 0.000000% 0.000000% 0.~~000000~~290276% 0.~~000000~~125682% 0.000000% 0.000000% 0.000000% 0.~~000000~~125682% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 12.~~790634~~467344% 0.000000% 0.000000% 0.000000% 12.~~790634~~467344% 1.~~115744~~610950% 0.000000% 0.000000% 0.000000% 1.~~115744~~610950% 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 3040 0 0 0 3040 56,~~356~~442,~~083~~183.3457 0.00 0.00 0.00 56,~~356~~442,~~083~~183.3457 60 Days 6 0 0 0 6 1805,~~063,265~~947.2954 0.00 0.00 0.00 1805,~~063,265~~947.2954 90 Days 28 0 0 0 28 ~~337~~1,~~432~~386,266.3675 0.00 0.00 0.00 ~~337~~1,~~432~~386,266.3675 120 Days 02 0 0 0 02 0254,843.0006 0.00 0.00 0.00 0254,843.0006 150 Days 02 0 0 0 02 0337,432.0036 0.00 0.00 0.00 0337,432.0036 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3858 0 0 0 3858 69,~~756~~226,~~780~~673.9928 0.00 0.00 0.00 69,~~756~~226,~~780~~673.9928 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~035278~~883922% 0.000000% 0.000000% 0.000000% 2.~~035278~~883922% 2.~~183285~~828291% 0.000000% 0.000000% 0.000000% 2.~~183285~~828291% 60 Days 0.~~407056~~432588% 0.000000% 0.000000% 0.000000% 0.~~407056~~432588% 0.~~433416~~353832% 0.000000% 0.000000% 0.000000% 0.~~433416~~353832% 90 Days 0.~~135685~~576784% 0.000000% 0.000000% 0.000000% 0.~~135685~~576784% 0.~~137547~~608608% 0.000000% 0.000000% 0.000000% 0.~~137547~~608608% 120 Days 0.~~000000~~144196% 0.000000% 0.000000% 0.000000% 0.~~000000~~144196% 0.~~000000~~111883% 0.000000% 0.000000% 0.000000% 0.~~000000~~111883% 150 Days 0.~~000000~~144196% 0.000000% 0.000000% 0.000000% 0.~~000000~~144196% 0.~~000000~~148142% 0.000000% 0.000000% 0.000000% 0.~~000000~~148142% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 24.~~578019~~181687% 0.000000% 0.000000% 0.000000% 24.~~578019~~181687% 24.~~754248~~050756% 0.000000% 0.000000% 0.000000% 24.~~754248~~050756% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 37 0 0 0 37 ~~328~~834,~~109~~567.3917 0.00 0.00 0.00 ~~328~~834,~~109~~567.3917 60 Days 10 0 0 0 10 ~~53,902~~0.1700 0.00 0.00 0.00 ~~53,902~~0.1700 90 Days 03 0 0 0 03 0241,403.0081 0.00 0.00 0.00 0241,403.0081 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 410 0 0 0 410 ~~382~~1,~~011~~075,970.5698 0.00 0.00 0.00 ~~382~~1,~~011~~075,970.5698 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~544465~~303538% 0.000000% 0.000000% 0.000000% 01.~~544465~~303538% 0.~~373867~~978692% 0.000000% 0.000000% 0.000000% 0.~~373867~~978692% 60 Days 0.~~181488~~000000% 0.000000% 0.000000% 0.000000% 0.~~181488~~000000% 0.~~061419~~000000% 0.000000% 0.000000% 0.000000% 0.~~061419~~000000% 90 Days 0.~~000000~~558659% 0.000000% 0.000000% 0.000000% 0.~~000000~~558659% 0.~~000000~~283093% 0.000000% 0.000000% 0.000000% 0.~~000000~~283093% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~725953~~862197% 0.000000% 0.000000% 0.000000% 01.~~725953~~862197% 01.~~435287~~261785% 0.000000% 0.000000% 0.000000% 01.~~435287~~261785% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 934 0 0 0 934 15,~~392~~014,~~852~~363.5031 0.00 0.00 0.00 15,~~392~~014,~~852~~363.5031 60 Days 326 01 0 0 327 ~~268~~4,~~991~~564,591.2175 098,818.0077 0.00 0.00 ~~268~~4,~~991~~663,410.2152 90 Days 01 0 01 0 02 068,725.0096 0.00 0161,405.0014 0.00 0230,131.0010 120 Days 03 0 0 0 03 0263,491.0021 0.00 0.00 0.00 0263,491.0021 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1264 01 01 0 1266 19,~~661~~911,~~843~~172.7123 098,818.0077 0161,405.0014 0.00 110,~~661~~171,~~843~~396.7114 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~435624~~713710% 0.000000% 0.000000% 0.000000% 01.~~435624~~713710% 01.~~438231~~654552% 0.000000% 0.000000% 0.000000% 01.~~438231~~654552% 60 Days 01.~~145208~~310484% 0.~~000000~~050403% 0.000000% 0.000000% 01.~~145208~~360887% 01.~~084632~~506144% 0.~~000000~~032606% 0.000000% 0.000000% 01.~~084632~~538751% 90 Days 0.~~000000~~050403% 0.000000% 0.~~000000~~050403% 0.000000% 0.~~000000~~100806% 0.~~000000~~022677% 0.000000% 0.~~000000~~053258% 0.000000% 0.~~000000~~075935% 120 Days 0.~~000000~~151210% 0.000000% 0.000000% 0.000000% 0.~~000000~~151210% 0.~~000000~~086942% 0.000000% 0.000000% 0.000000% 0.~~000000~~086942% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 03.~~580833~~225806% 0.~~000000~~050403% 0.~~000000~~050403% 0.000000% 03.~~580833~~326613% 03.~~522864~~270315% 0.~~000000~~032606% 0.~~000000~~053258% 0.000000% 03.~~522864~~356180% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5(A) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 611 0 0 0 611 ~~355~~1,~~490~~374,179.9749 0.00 0.00 0.00 ~~355~~1,~~490~~374,179.9749 60 Days 26 0 0 0 26 ~~188~~408,~~095~~174.8027 0.00 0.00 0.00 ~~188~~408,~~095~~174.8027 90 Days 54 0 0 0 54 ~~324~~211,~~712~~099.0634 0.00 0.00 0.00 ~~324~~211,~~712~~099.0634 120 Days 02 0 0 0 02 0215,753.0038 0.00 0.00 0.00 0215,753.0038 150 Days 04 0 0 0 04 0311,831.0075 0.00 0.00 0.00 0311,831.0075 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1327 0 0 0 1327 ~~868~~2,~~298~~521,038.8323 0.00 0.00 0.00 ~~868~~2,~~298~~521,038.8323 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~660066~~267281% 0.000000% 0.000000% 0.000000% 01.~~660066~~267281% 0.~~234839~~947446% 0.000000% 0.000000% 0.000000% 0.~~234839~~947446% 60 Days 0.~~220022~~691244% 0.000000% 0.000000% 0.000000% 0.~~220022~~691244% 0.~~124257~~281421% 0.000000% 0.000000% 0.000000% 0.~~124257~~281421% 90 Days 0.~~550055~~460829% 0.000000% 0.000000% 0.000000% 0.~~550055~~460829% 0.~~214507~~145545% 0.000000% 0.000000% 0.000000% 0.~~214507~~145545% 120 Days 0.~~000000~~230415% 0.000000% 0.000000% 0.000000% 0.~~000000~~230415% 0.~~000000~~148754% 0.000000% 0.000000% 0.000000% 0.~~000000~~148754% 150 Days 0.~~000000~~460829% 0.000000% 0.000000% 0.000000% 0.~~000000~~460829% 0.~~000000~~214997% 0.000000% 0.000000% 0.000000% 0.~~000000~~214997% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 13.~~430143~~110599% 0.000000% 0.000000% 0.000000% 13.~~430143~~110599% 01.~~573603~~738163% 0.000000% 0.000000% 0.000000% 01.~~573603~~738163%

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 6.~~985388~~973387% Weighted Average Net Coupon 6.~~609780~~597526% Weighted Average Pass-Through Rate 6.~~105420~~095064% Weighted Average Maturity(Stepdown Calculation ) ~~349~~347 Beginning Scheduled Collateral Loan Count 1211,~~294~~860 Number Of Loans Paid In Full ~~186~~298 Ending Scheduled Collateral Loan Count 1211,~~108~~562 Beginning Scheduled Collateral Balance 2,~~136~~046,~~602~~286,~~199~~603.0258 Ending Scheduled Collateral Balance 21,~~097~~988,~~771~~026,~~893~~310.6366 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 21,~~099~~989,~~210~~535,~~561~~587.7763 Monthly P &I Constant 1413,~~068~~481,~~558~~793.9252 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,~~631~~590,~~061~~502.9342 Unscheduled Principal 3756,~~199~~669,~~243~~790.4651

Miscellaneous Reporting Overcollateralization Amount 10,821,070.00 Overcollateralization Deficiency Amount 0.00 Target Overcollateralization Amount 10,821,070.00 CAP payment ~~220~~749,~~363~~901.6854

Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~614905~~609709 6.~~894099~~888869 6.~~956525~~953295 Weighted Average Net Rate 7.~~273496~~269208 6.~~569049~~563411 6.~~629753~~625678 Weighted Average Maturity ~~349~~347 ~~349~~347 ~~329~~327 Beginning Loan Count ~~770~~749 1,~~909~~848 ~~744~~733 Loans Paid In Full 819 2138 47 Ending Loan Count ~~762~~730 1,~~888~~810 ~~740~~726 Beginning Scheduled Balance 9087,~~747~~579,~~141~~233.7143 ~~313~~301,~~682~~144,~~008~~082.7605 9998,~~638~~088,~~301~~346.1011 Ending scheduled Balance 8985,~~310~~257,~~117~~574.7297 ~~309~~293,~~436~~835,~~631~~541.8504 9997,~~280~~252,~~943~~527.1495 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant ~~657~~636,~~803~~301.8658 21,~~042~~963,~~953~~808.0558 ~~688~~679,~~669~~038.7279 Scheduled Principal 8180,~~944~~924.8050 ~~240~~235,~~824~~023.0941 ~~111~~110,~~056~~674.1545 Unscheduled Principal 12,~~355~~240,~~079~~733.1996 47,~~004~~073,~~552~~517.8260 ~~246~~725,~~301~~143.8171 Scheduled Interest ~~575~~555,~~859~~377.0608 1,~~802~~728,~~128~~785.9617 ~~577~~568,~~613~~364.5734 Servicing Fees 2524,~~818~~850.2871 8481,~~968~~674.5791 2726,~~132~~779.4852 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 41,~~890~~134.2798 ~~157~~149,~~181~~886.0049 4039,~~814~~780.4862 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 ~~508~~489,~~150~~391.5139 1,~~559~~497,~~979~~223.3977 ~~509~~501,~~666~~804.6120 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~719557~~705581 5.~~967748~~966142 6.~~138201~~139007

Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~347630~~332440 7.~~422779~~401615 7.~~327097~~315188 Weighted Average Net Rate 76.~~002936~~987436 6.~~930467~~909665 6.~~827097~~815188 Weighted Average Maturity ~~355~~353 ~~322~~320 ~~353~~351 Beginning Loan Count 1,~~790~~712 ~~743~~710 1,~~500~~435 Loans Paid In Full 3452 1721 2648 Ending Loan Count 1,~~756~~660 ~~726~~689 1,~~474~~387 Beginning Scheduled Balance ~~300~~284,~~017~~557,~~502~~387.6220 8480,~~499~~432,~~295~~403.3985 ~~249~~236,~~874~~873,~~083~~099.0663 Ending scheduled Balance ~~293~~273,~~479~~916,~~294~~303.5941 8278,~~487~~616,~~866~~454.1625 ~~245~~227,~~167~~622,~~685~~061.9342 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant 21,~~027~~922,~~972~~825.3270 ~~619~~590,~~748~~006.1948 1,~~685~~598,~~873~~999.5988 Scheduled Principal ~~190~~184,~~957~~075.5976 9793,~~065~~898.2240 ~~160~~155,~~163~~023.9476 Unscheduled Principal 610,~~347~~457,~~250~~008.4404 1,~~914~~722,~~364~~051.0120 49,~~546~~096,~~233~~014.1945 Scheduled Interest 1,~~837~~738,~~014~~749.7394 ~~522~~496,~~682~~108.9708 1,~~525~~443,~~709~~976.6512 Servicing Fees 8681,~~178~~811.5508 3432,~~666~~973.6593 ~~104~~98,~~114~~697.2012 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 ~~131~~122,~~795~~978.9496 3130,~~425~~130.8123 8682,~~483~~787.5802 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,~~619~~533,~~040~~959.2490 ~~456~~433,~~590~~003.5192 1,~~335~~262,~~111~~491.8798 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~475783~~468825 6.~~484180~~460141 6.~~411766~~395789

Group Level Collateral Statement Group 4(A) 4(B) 5(A) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 6.~~659316~~644330 6.~~925530~~925703 7.~~099742~~084924 Weighted Average Net Rate 6.~~321651~~308939 6.~~641513~~640894 6.~~654199~~638612 Weighted Average Maturity ~~349~~347.00 ~~355~~353.00 ~~332~~330.00 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant ~~578~~566,~~527~~729.0096 2,~~127~~052,~~856~~348.7385 1,~~054~~021,~~688~~341.8505 Beginning Loan Count ~~555~~544 2,~~096~~036 ~~923~~887 Loans Paid In Full 47 3052 1419 Ending Loan Count ~~551~~537 21,~~066~~984 ~~909~~868 Beginning Scheduled Balance 8886,~~441~~590,~~239~~389.9363 ~~323~~312,~~992~~014,~~512~~881.3657 ~~152~~147,~~925~~878,~~338~~949.7566 Ending Scheduled Balance 8785,~~692~~202,~~744~~448.1583 ~~317~~302,~~614~~829,~~976~~744.0013 ~~151~~144,~~254~~906,~~241~~068.8996 Scheduled Principal 87,~~728~~284.5203 ~~258~~251,~~006~~580.7113 ~~149~~148,~~913~~248.4546 Unscheduled Principal ~~660~~1,~~767~~300,656.2677 68,~~119~~933,~~529~~557.6531 12,~~521~~824,~~183~~632.4124 Scheduled Interest ~~490~~479,~~798~~445.4893 1,~~869~~800,~~850~~768.0272 ~~904~~873,~~775~~092.4059 Servicing Fee 24,~~886~~201.2733 7674,~~682~~053.9188 5655,~~778~~000.9811 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 Fry Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 3332,~~646~~731.8919 ~~144~~138,~~053~~333.7773 6160,~~757~~173.5068 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest ~~432~~422,~~265~~513.3241 1,~~649~~588,~~113~~381.3411 ~~786~~757,~~238~~918.9280 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~865119~~855339 6.~~107968~~108867 6.~~169590~~150318

Group Level Collateral Statement Group 5(B) Total Collateral Description Fixed 15/30 & ARM Fixed Mixed & ARM & Balloon Weighted Average Coupon Rate 6.~~463437~~440692 6.~~985388~~973387 Weighted Average Net Rate 6.~~054333~~029462 6.~~609780~~597526 Weighted Average Maturity ~~355~~353.00 ~~349~~347.00 Record Date 0810/31/2004 0810/31/2004 Principal And Interest Constant 2,~~584~~450,~~465~~392.6165 1413,~~068~~481,~~558~~793.9252 Beginning Loan Count 1,~~264~~206 1211,~~294~~860 Loans Paid In Full 2835 ~~186~~298 Ending Loan Count 1,~~236~~171 1211,~~108~~562 Beginning Scheduled Balance ~~432~~411,~~784~~127,~~775~~830.3445 2,~~136~~046,~~602~~286,~~199~~603.0258 Ending Scheduled Balance ~~422~~398,~~047~~587,~~392~~585.2070 21,~~097~~988,~~771~~026,~~893~~310.6366 Scheduled Principal ~~253~~243,~~401~~769.4652 1,~~631~~590,~~061~~502.9342 Unscheduled Principal 1012,~~483~~296,~~981~~475.6823 3756,~~199~~669,~~243~~790.4651 Scheduled Interest 2,~~331~~206,~~064~~623.1513 1211,~~437~~891,~~496~~291.9910 Servicing Fee ~~147~~140,~~544~~890.9318 ~~668~~640,~~771~~932.8277 Master Servicing Fee 0.00 0.00 Trustee Fee 0.00 0.00 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee ~~168~~158,~~964~~881.5185 ~~898~~856,~~013~~818.75 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 21,~~014~~906,~~554~~851.7110 10,~~870~~393,~~711~~539.4258 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.~~585838~~565717 6.~~105420~~095064

EX-99.2

theMurrayhillcompany SAIL 2004-7 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 theMurrayhillcompany SAIL 2004-7 Transaction Summary August 2004 Transaction Summary Closing Date : 7/30/2004 Depositor: Structured Asset Securities Corporation Trustee: LaSalle Bank National Association Securities Administrator: Wells Fargo Bank, N.A. Master Servicer: Wells Fargo Bank, N.A. Aurora Loan Services, Chase Manhattan Mortgage Corp., Servicer(s): Cendant Mortgage Corp., HomEq Servicing Corp., Option One Mortgage Corp., Wells Fargo Home Mortgage Mortgage Insurer(s): Mortgage Guaranty Insurance Corporation Delinquency Reporting Method: OTS1 Collateral Summary Closing Date 7/31/20042 7/31/2004 as a Percentage of Closing Date Collateral Balance $ 2,169,453,576 $1,009,138,212 46.52 % Loan Count 12,414 6,171 49.71 % Collateral Statistics Loan Count Summed Balance Repurchases3 0 $ 0 First Payment Defaults 38 $ 1,348,000 Early Payment Defaults 4 22 $ 3,712,353 Multiple Loans to One Borrower 6 $ 541,885 Second Lien Statistics Loan Count Summed Balance Outstanding Second Lien Loans 250 $ 14,185,561 30 Days Delinquent 4 $ 153,074 60 Days Delinquent 0 $ 0 90+ Days Delinquent 0 $ 0 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 loans within this portfolio which 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, 492 loans have been affected in SAIL 2004-7. (c) 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation of Prepayment Premiums for SAIL 2004-7 Mortgage Data Through: July 31, 2004 Section 1: Prepayment premiums collected by the servicers and remitted to the trustee. This information is reported to Murrayhill by the servicers each month. Trustee Remittance Date 25-Aug-04 TOTAL $387,797 Section 2: Prepayment premiums remitted to the P Class by the trustee. This information is taken from the statement to Certificateholders prepared by the trustee. Trustee Remittance Date Class 25-Aug-04 P Class $404,915 Section 3: Reconciliation of the amounts remitted by the servicer to the trustee, and the amount remitted to the P Class by the trustee. Amount remitted by servicer: $387,797 Amount remitted to the P Class: $404,915 Difference*: ($17,118) *In the 8/25/04 remittance cycle, data received by Murrayhill from the master servicer and two of the servicer's was incomplete; therefore, we were unable to reconcile the prepayment premiums. We have requested updated files from these parties and will provide an update in next month's report. Aggregate Paid Off Loans Report for SAIL 2004-7 Mortgage Data Through: July 31, 2004 Trustee Remittance Date 25-Aug-04 Loans with Active Prepayment Flags that Remitted 14 Premiums ( A ) Loans without Prepayment Flags that Remitted Premiums 0 Total Loans that Remitted Premiums ( B ) 14 Loans with Active Prepayment Flags ( C ) 14 Loans without Prepayment Flags that Remitted Premiums 0 Subtotal ( D ) 14 Premiums Remitted with Active Prepayment Flags (A/C) 100.0% Total Loans that Remitted Premiums to the Subtotal (B/D ) 100.0% Total Paid Off Loans ( E ) 24 Total Loans that Remitted Premiums to the Total Paid Off 58.3% Loans ( B/E ) Paid Off Loans Exception Report for SAIL 2004-7 Mortgage Data Through: July 31, 2004 Total Total Paid Off Loans with Flags 14 Less Exceptions: Loans with Expired Prepayment Clauses (as stated in the Note)* 0 Loans that Contained a Clause Allowing Prepayment Premiums to be Waived at the Time of Liquidation* 0 Repurchased/Service Transferred Loans* 0 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* 0 Loans that Liquidated Through Loss Mitigation Efforts* 0 Total Paid Off Loans with Active Prepayment Flags (C) 14 Other Exceptions: Paid Off Loans that Did Not Collect Premiums because of State Statutes 0 Paid Off Loans with Active Prepayment Flags that Have Not Remitted Premiums 0 * These categories are mutually exclusive. Paid off Loans With Prepayment Flags for SAIL 2004-7 Mortgage Data Through: July 31, 2004 Loan number Delinquency Origination PPP Exp. Date Payoff String Date Flag Balance 5360036 0 4/26/04 2 4/26/06 $104,879 5360035 0 4/26/04 2 4/26/06 $419,100 5361369 0 3/19/04 2 3/19/06 $94,171 5360278 0 4/19/04 1 4/19/05 $600,000 5359845 0 4/20/04 2 4/20/06 $254,600 5360934 0 4/14/04 2 4/14/06 $114,205 5362019 0 4/23/04 2 4/23/06 $125,000 5361582 0 4/15/04 1 4/15/05 $112,101 5362173 0 4/14/04 2 4/14/06 $246,313 5360793 0 1/9/04 2 1/9/06 $177,642 5363946 0 4/21/04 2 4/21/06 $269,952 5363788 0 3/30/04 2 3/30/06 $212,475 5365609 0 3/9/04 2 3/9/06 $128,520 5365498 0 2/18/04 2 2/18/06 $179,978 Paid off Loans With Prepayment Flags for SAIL 2004-7 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 5360036 $3,670 3% 5360035 $9,425 2% 5361369 $2,255 2% 5360278 $15,000 3% 5359845 $6,874 3% 5360934 $1,142 1% 5362019 $4,125 3% 5361582 $2,959 3% 5362173 $3,038 1% 5360793 $5,860 3% 5363946 $8,467 3% 5363788 $7,786 4% 5365609 $3,443 3% 5365498 $5,409 3% (c) 2004 The Murrayhill Company. All Rights Reserved. Section Three Analytics SAIL 2004-7 FICO Distribution by Status Mortgage Data Through: July 31, 2004 FICO Delinquency Percentage 500 Current 0.012 500 Delinquent 0.05 510 Current 0.031 510 Delinquent 0.033 510 Paid Off 0.042 520 Current 0.035 520 Delinquent 0.083 530 Current 0.035 530 Delinquent 0.05 530 Paid Off 0.083 540 Current 0.037 540 Delinquent 0.05 550 Current 0.041 550 Delinquent 0.083 550 Paid Off 0.042 560 Current 0.038 560 Delinquent 0.1 570 Current 0.04 570 Delinquent 0.017 570 Paid Off 0.042 580 Current 0.044 590 Current 0.05 600 Current 0.057 600 Delinquent 0.067 600 Paid Off 0.042 610 Current 0.069 610 Delinquent 0.067 620 Current 0.061 620 Delinquent 0.033 620 Paid Off 0.083 630 Current 0.068 630 Delinquent 0.067 630 Paid Off 0.167 640 Current 0.065 640 Delinquent 0.05 640 Paid Off 0.167 650 Current 0.051 650 Delinquent 0.017 650 Paid Off 0.125 660 Current 0.049 660 Delinquent 0.017 670 Current 0.038 670 Delinquent 0.033 670 Paid Off 0.042 680 Current 0.032 680 Delinquent 0.033 680 Paid Off 0.083 690 Current 0.03 690 Delinquent 0.017 690 Paid Off 0.042 700 Current 0.023 700 Delinquent 0.033 710 Current 0.022 710 Delinquent 0.017 710 Paid Off 0.042 720 Current 0.015 720 Delinquent 0.033 730 Current 0.015 740 Current 0.011 750 Current 0.009 750 Delinquent 0.017 760 Current 0.006 760 Delinquent 0.017 770 Current 0.005 780 Current 0.004 790 Current 0.002 800 Current 0.001 810 Current 0.001 Status # of Loans Average Std. Deviation Current 6,111 614 71.598 Total: 6,111 SAIL 2004-7 Loan-to-Value Distribution by Status Mortgage Data Through: July 31, 2004 LTV Delinquency Percentage 0.1 Current 0.003 0.2 Current 0.04 0.2 Delinquent 0.067 0.2 Paid Off 0.042 0.3 Current 0.003 0.4 Delinquent 0.017 0.4 Current 0.012 0.5 Current 0.026 0.5 Paid Off 0.042 0.6 Current 0.06 0.6 Delinquent 0.083 0.7 Paid Off 0.125 0.7 Current 0.132 0.7 Delinquent 0.117 0.8 Paid Off 0.292 0.8 Delinquent 0.367 0.8 Current 0.427 0.9 Paid Off 0.375 0.9 Delinquent 0.333 0.9 Current 0.211 1 Delinquent 0.017 1 Paid Off 0.125 1 Current 0.086 1.1 Current 0 Status # of Loans Average Std. Deviation Current 6,111 0.798 0.125 Delinquent 60 0.801 0.105 Paid Off 24 0.838 0.108 Total: 6,195 SAIL 2004-7 Balance Distribution by Status Mortgage Data Through: July 31, 2004 Balance Delinquency Percentage 0 Current 0.001 10000 Current 0 20000 Delinquent 0.017 20000 Current 0.002 30000 Current 0.009 30000 Delinquent 0.017 40000 Delinquent 0.017 40000 Current 0.011 50000 Current 0.042 50000 Delinquent 0.017 60000 Delinquent 0.1 60000 Current 0.059 70000 Current 0.059 70000 Delinquent 0.133 80000 Delinquent 0.017 80000 Current 0.06 90000 Current 0.053 90000 Delinquent 0.033 100000 Delinquent 0.067 100000 Current 0.066 110000 Current 0.059 110000 Delinquent 0.05 120000 Delinquent 0.033 120000 Current 0.061 130000 Delinquent 0.067 130000 Current 0.039 140000 Delinquent 0.017 140000 Current 0.039 150000 Current 0.034 160000 Current 0.031 160000 Delinquent 0.05 170000 Delinquent 0.017 170000 Current 0.024 180000 Current 0.026 180000 Delinquent 0.033 190000 Current 0.025 190000 Delinquent 0.033 200000 Delinquent 0.017 200000 Current 0.025 210000 Current 0.018 210000 Delinquent 0.017 220000 Current 0.02 230000 Current 0.018 230000 Delinquent 0.033 240000 Delinquent 0.033 240000 Current 0.024 250000 Delinquent 0.017 250000 Current 0.017 260000 Current 0.02 260000 Delinquent 0.017 270000 Current 0.017 280000 Current 0.016 290000 Current 0.014 290000 Delinquent 0.017 300000 Current 0.01 310000 Delinquent 0.017 310000 Current 0.012 320000 Current 0.009 330000 Current 0.009 340000 Current 0.007 350000 Current 0.005 350000 Delinquent 0.017 360000 Current 0.006 360000 Delinquent 0.017 370000 Delinquent 0.017 370000 Current 0.005 380000 Current 0.005 380000 Delinquent 0.017 390000 Current 0.005 400000 Delinquent 0.017 400000 Current 0.007 410000 Current 0.003 420000 Current 0.004 430000 Current 0.002 440000 Current 0.003 450000 Current 0.002 460000 Delinquent 0.017 460000 Current 0.001 470000 Current 0.002 480000 Current 0.001 490000 Current 0 500000 Current 0.003 510000 Current 0.001 510000 Delinquent 0.017 520000 Current 0 530000 Current 0.001 540000 Current 0.001 550000 Current 0 560000 Current 0 570000 Current 0 580000 Current 0 590000 Current 0 600000 Current 0 610000 Current 0 620000 Current 0 630000 Current 0 640000 Current 0 650000 Current 0.001 670000 Current 0 680000 Current 0 750000 Current 0 760000 Current 0 860000 Current 0 910000 Current 0 1960000 Current 0 Status # of Loans Average Std. Deviation Current 6,111 163,558.66 107,331.54 Delinquent 60 160,520.46 113,163.88 Total: 6,171 SAIL 2004-7 Mortgage Type Distribution by Status Mortgage Data Through: July 31, 2004 Mortgage Type Delinquency Percentage Investment Home Current 0.077 Investment Home Delinquent 0.083 Investment Home Paid Off 0.042 Primary Home Current 0.914 Primary Home Delinquent 0.917 Primary Home Paid Off 0.875 Second Home Current 0.009 Second Home Paid Off 0.083 Mortgage Type Loan Count Total Balance Avg. Balance Std. Deviation ARM 4,758 803,513,541.33 168,876.32 108,606.08 Fixed 1,437 205,624,670.80 143,093.02 101,996.60 Total: 6,195 1,009,138,212.13 SAIL 2004-7 Mortgage Term Distribution by Status Mortgage Data Through: July 31, 2004 Mortgage Term Delinquency Percentage 120 Current 0.002 180 Current 0.043 180 Delinquent 0.033 240 Current 0.006 360 Delinquent 0.967 360 Current 0.949 360 Paid Off 1 # of Loans Other 120 180 240 360 6,195 0 10 263 39 5883 SAIL 2004-7 Mortgage Purpose Distribution Mortgage Data Through: July 31, 2004 Origination Statistics Number of Loans: 12,414 Purpose Cash-out Number Percentage refinance 6,729 54.2% Purchase 4,886 39.4% Rate/term 717 5.8% Home 1 0.0% Other 81 0.7% Total 12,414 100% Current Loans Number of Loans: 6,111 Purpose Cash-out Number Percentage refinance 3,498 57.2% Purchase 2,194 35.9% Rate/term 419 6.9% Home 0 0.0% Other 0 0.0% Total 6,111 100% Delinquent Loans Number of Loans: 60 Purpose Cash-out Number Percentage refinance 27 45.0% Purchase 27 45.0% Rate/term 6 10.0% Home 0 0.0% Other 0 0.0% Total 60 100.0% Paid Off Loans Number of Loans: 24 Purpose Cash-out Number Percentage refinance 13 54.2% Purchase 9 37.5% Rate/term 2 8.3% Home 0 0.0% Other 0 0.0% Total 24 100% SAIL 2004-7 Ownership Distribution by Status Mortgage Data Through: July 31, 2004 Ownership Type Delinquency Percentage Investment Home Current 0.077 Investment Home Delinquent 0.083 Investment Home Paid Off 0.042 Primary Home Current 0.914 Primary Home Delinquent 0.917 Primary Home Paid Off 0.875 Second Home Current 0.009 Second Home Paid Off 0.083 Title # of Loans Investment Home 479 Primary Home 5,662 Second Home 54 Total: 6,195 SAIL 2004-7 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 $ 7,785,085 $ 695,000 $ 120,143 $ 1,031,000 $ - SAIL 2004-7 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 49 3 1 7 0 SAIL 2004-7 Conditional Prepayment Rates Mortgage Data Through: July 31, 2004 Date * Distribution CPR 3-Month MA 6-Month MA 12-Month MA Date 31-Jul-04 25-Aug-04 13.59% * Data in table is displayed for only the most recent 18 months. SAIL 2004-7 Historical SDA Performance Mortgage Data Through: July 31, 2004 Weighted Monthly Date Average Default Default CDR SDA SDA Age Amt Rate (F-R) Curve % 31-Jul-04 1.55 $0 0.00% 0.00% 0.03% 0% Averages: 1.55 $0 0.00% 0.00% 0.03% 0% (c) 2004 The Murrayhill Company. All Rights Reserved.

Filing Compare · Structured Asset Investment Loan Trust 2004-7