8-K 1 sai04008_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 2004-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115858-10 54-6636579 Pooling and Servicing Agreement) (Commission 54-6636580 (State or other File Number) IRS EIN jurisdiction 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 2004-8 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 2004-8 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 2004-8 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: 12/28/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-8 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: 2004-8 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 86358ELK0 SEN 2.~~20750~~45500% ~~349~~344,~~597~~149,~~810~~060.2500 ~~685~~727,~~988~~540.5967 511,~~448~~470,~~750~~658.2519 A2 86358ELL8 SEN 2.~~20750~~45500% ~~331~~322,~~237~~386,~~639~~914.9216 ~~649~~681,~~961~~534.8689 8,~~850~~397,~~725~~906.7646 A3 86358ELM6 SEN 2.~~15250~~40000% ~~562~~549,~~881~~778,~~545~~512.9437 1,~~076~~136,~~980~~208.0293 1319,~~103~~500,~~033~~110.5749 A4 86358ELN4 SEN 2.~~43250~~68000% 126,652,000.00 ~~273~~292,~~849~~284.7767 0.00 A5 86358ELP9 SEN 2.~~08250~~33000% ~~569~~547,~~673~~356,~~577~~653.4429 1,~~054~~098,~~529~~210.0931 2230,~~316~~186,~~924~~477.1551 A6 86358ELQ7 SEN 2.~~33250~~58000% 50,000,000.00 ~~103~~111,~~666~~083.6733 0.00 A7 86358ELR5 SEN 2.~~23250~~48000% 220,000,000.00 ~~436~~469,~~577~~822.7822 0.00 A8 86358ELS3 SEN 2.~~43250~~68000% 144,470,000.00 ~~312~~333,~~376~~404.2466 0.00 A9 86358ELT1 SEN 2.~~43250~~68000% 86,780,000.00 ~~187~~200,~~637~~268.6496 0.00 A10 86358ELU8 SEN 2.~~17250~~42000% ~~144~~140,~~410~~406,~~992~~700.4273 ~~278~~292,~~873~~591.6796 45,~~004~~571,~~291~~158.6961 A11 86358ELV6 SEN 12.~~96000~~59000% 9693,~~273~~604,~~994~~467.9415 ~~167~~208,~~730~~763.6996 23,~~669~~714,~~527~~105.7974 A12 86358ELW4 SEN 2.~~08250~~33000% 9491,~~813~~097,~~699~~929.0492 ~~175~~182,~~510~~777.6987 35,~~715~~169,~~769~~738.1206 A13 86358ELX2 SEN 2.~~23250~~48000% 39,192,000.00 7783,~~774~~696.3569 0.00 M1 86358ELZ7 MEZ 2.~~53250~~78000% 103,814,000.00 ~~233~~248,~~696~~519.8518 0.00 M2 86358EMA1 MEZ 2.~~55250~~80000% 95,163,000.00 ~~215~~229,~~914~~448.2757 0.00 M3 86358EMB9 MEZ 2.~~58250~~83000% 60,558,000.00 ~~139~~147,~~014~~576.2548 0.00 M4 86358EMC7 MEZ 23.~~93250~~18000% 51,907,000.00 ~~135~~142,~~304~~138.2567 0.00 M5 86358EMD5 MEZ 3.~~08250~~33000% 34,605,000.00 9499,~~817~~229.7084 0.00 M6 86358EME3 MEZ 3.~~33250~~58000% 51,907,000.00 ~~153~~160,~~760~~017.0775 0.00 M7 86358EMF0 MEZ 34.~~78250~~03000% 43,256,000.00 ~~145~~150,~~436~~110.2834 0.00 M8 86358EMG8 MEZ 34.~~88250~~13000% 43,256,000.00 ~~149~~153,~~281~~835.2616 0.00 M9 86358EMH6 MEZ 4.~~43250~~68000% 34,605,000.00 ~~136~~139,~~343~~458.7015 0.00 B1 86358EMJ2 SUB 4.~~43250~~68000% 17,303,000.00 6869,~~173~~731.8209 0.00 B2 86358EMK9 SUB 5.00000% 8,651,000.00 36,045.83 0.00 X SAI04008X RES 0.00000% 17,301,088.81 10,~~475~~242,~~549~~966.6135 0.00 P SAI04008P SEN 0.00000% 100.00 ~~742~~1,~~163~~216,111.6801 0.00 R1 SAI0408R1 RES 0.00000% 0.00 0.00 0.00 R2 SAI0408R2 RES 0.00000% 0.00 0.00 0.00 Totals 3,~~378~~318,~~309~~200,~~448~~426.7643 18,~~206~~853,~~958~~377.6354 6084,~~109~~010,~~022~~155.3306

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~344~~332,~~149~~678,~~060~~401.0081 612,~~134~~198,~~738~~198.8486 0.00 A2 0.00 ~~322~~313,~~386~~989,~~914~~007.1670 9,~~500~~079,~~687~~441.6235 0.00 A3 0.00 ~~549~~530,~~778~~278,~~512~~401.3788 1420,~~180~~636,~~013~~319.5942 0.00 A4 0.00 126,652,000.00 ~~273~~292,~~849~~284.7767 0.00 A5 0.00 ~~547~~517,~~356~~170,~~653~~175.2978 2331,~~371~~284,~~453~~687.2482 0.00 A6 0.00 50,000,000.00 ~~103~~111,~~666~~083.6733 0.00 A7 0.00 220,000,000.00 ~~436~~469,~~577~~822.7822 0.00 A8 0.00 144,470,000.00 ~~312~~333,~~376~~404.2466 0.00 A9 0.00 86,780,000.00 ~~187~~200,~~637~~268.6496 0.00 A10 0.00 ~~140~~134,~~406~~835,~~700~~542.7312 45,~~283~~863,~~165~~750.3657 0.00 A11 0.00 9389,~~604~~890,~~467~~361.1541 23,~~837~~922,~~258~~869.4870 0.00 A12 0.00 9185,~~097~~928,~~929~~191.9286 35,~~891~~352,~~279~~515.8193 0.00 A13 0.00 39,192,000.00 7783,~~774~~696.3569 0.00 M1 0.00 103,814,000.00 ~~233~~248,~~696~~519.8518 0.00 M2 0.00 95,163,000.00 ~~215~~229,~~914~~448.2757 0.00 M3 0.00 60,558,000.00 ~~139~~147,~~014~~576.2548 0.00 M4 0.00 51,907,000.00 ~~135~~142,~~304~~138.2567 0.00 M5 0.00 34,605,000.00 9499,~~817~~229.7084 0.00 M6 0.00 51,907,000.00 ~~153~~160,~~760~~017.0775 0.00 M7 0.00 43,256,000.00 ~~145~~150,~~436~~110.2834 0.00 M8 0.00 43,256,000.00 ~~149~~153,~~281~~835.2616 0.00 M9 0.00 34,605,000.00 ~~136~~139,~~343~~458.7015 0.00 B1 0.00 17,303,000.00 6869,~~173~~731.8209 0.00 B2 0.00 8,651,000.00 36,045.83 0.00 X 0.00 17,301,088.81 10,~~475~~242,~~549~~966.6135 0.00 P 0.00 100.00 ~~742~~1,~~163~~216,111.6801 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 3,~~318~~234,~~200~~190,~~426~~271.4337 78102,~~315~~863,~~980~~532.9660 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 357,189,000.00 ~~349~~344,~~597~~149,~~810~~060.2500 0.00 511,~~448~~470,~~750~~658.2519 0.00 0.00 A2 344,855,000.00 ~~331~~322,~~237~~386,~~639~~914.9216 0.00 8,~~850~~397,~~725~~906.7646 0.00 0.00 A3 580,000,000.00 ~~562~~549,~~881~~778,~~545~~512.9437 0.00 1319,~~103~~500,~~033~~110.5749 0.00 0.00 A4 126,652,000.00 126,652,000.00 0.00 0.00 0.00 0.00 A5 599,015,000.00 ~~569~~547,~~673~~356,~~577~~653.4429 0.00 2230,~~316~~186,~~924~~477.1551 0.00 0.00 A6 50,000,000.00 50,000,000.00 0.00 0.00 0.00 0.00 A7 220,000,000.00 220,000,000.00 0.00 0.00 0.00 0.00 A8 144,470,000.00 144,470,000.00 0.00 0.00 0.00 0.00 A9 86,780,000.00 86,780,000.00 0.00 0.00 0.00 0.00 A10 150,000,000.00 ~~144~~140,~~410~~406,~~992~~700.4273 0.00 45,~~004~~571,~~291~~158.6961 0.00 0.00 A11 100,000,000.00 9693,~~273~~604,~~994~~467.9415 0.00 23,~~669~~714,~~527~~105.7974 0.00 0.00 A12 100,000,000.00 9491,~~813~~097,~~699~~929.0492 0.00 35,~~715~~169,~~769~~738.1206 0.00 0.00 A13 39,192,000.00 39,192,000.00 0.00 0.00 0.00 0.00 M1 103,814,000.00 103,814,000.00 0.00 0.00 0.00 0.00 M2 95,163,000.00 95,163,000.00 0.00 0.00 0.00 0.00 M3 60,558,000.00 60,558,000.00 0.00 0.00 0.00 0.00 M4 51,907,000.00 51,907,000.00 0.00 0.00 0.00 0.00 M5 34,605,000.00 34,605,000.00 0.00 0.00 0.00 0.00 M6 51,907,000.00 51,907,000.00 0.00 0.00 0.00 0.00 M7 43,256,000.00 43,256,000.00 0.00 0.00 0.00 0.00 M8 43,256,000.00 43,256,000.00 0.00 0.00 0.00 0.00 M9 34,605,000.00 34,605,000.00 0.00 0.00 0.00 0.00 B1 17,303,000.00 17,303,000.00 0.00 0.00 0.00 0.00 B2 8,651,000.00 8,651,000.00 0.00 0.00 0.00 0.00 X 17,301,088.81 17,301,088.81 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 100.00 100.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 Totals 3,460,479,288.81 3,~~378~~318,~~309~~200,~~548~~526.7643 0.00 6084,~~109~~010,~~022~~155.3306 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 511,~~448~~470,~~750~~658.2519 ~~344~~332,~~149~~678,~~060~~401.0081 0.~~96349288~~93137919 511,~~448~~470,~~750~~658.2519 A2 8,~~850~~397,~~725~~906.7646 ~~322~~313,~~386~~989,~~914~~007.1670 0.~~93484773~~91049574 8,~~850~~397,~~725~~906.7646 A3 1319,~~103~~500,~~033~~110.5749 ~~549~~530,~~778~~278,~~512~~401.3788 0.~~94789399~~91427311 1319,~~103~~500,~~033~~110.5749 A4 0.00 126,652,000.00 1.00000000 0.00 A5 2230,~~316~~186,~~924~~477.1551 ~~547~~517,~~356~~170,~~653~~175.2978 0.~~91376118~~86336765 2230,~~316~~186,~~924~~477.1551 A6 0.00 50,000,000.00 1.00000000 0.00 A7 0.00 220,000,000.00 1.00000000 0.00 A8 0.00 144,470,000.00 1.00000000 0.00 A9 0.00 86,780,000.00 1.00000000 0.00 A10 45,~~004~~571,~~291~~158.6961 ~~140~~134,~~406~~835,~~700~~542.7312 0.~~93604467~~89890361 45,~~004~~571,~~291~~158.6961 A11 23,~~669~~714,~~527~~105.7974 9389,~~604~~890,~~467~~361.1541 0.~~93604467~~89890361 23,~~669~~714,~~527~~105.7974 A12 35,~~715~~169,~~769~~738.1206 9185,~~097~~928,~~929~~191.9286 0.~~91097930~~85928192 35,~~715~~169,~~769~~738.1206 A13 0.00 39,192,000.00 1.00000000 0.00 M1 0.00 103,814,000.00 1.00000000 0.00 M2 0.00 95,163,000.00 1.00000000 0.00 M3 0.00 60,558,000.00 1.00000000 0.00 M4 0.00 51,907,000.00 1.00000000 0.00 M5 0.00 34,605,000.00 1.00000000 0.00 M6 0.00 51,907,000.00 1.00000000 0.00 M7 0.00 43,256,000.00 1.00000000 0.00 M8 0.00 43,256,000.00 1.00000000 0.00 M9 0.00 34,605,000.00 1.00000000 0.00 B1 0.00 17,303,000.00 1.00000000 0.00 B2 0.00 8,651,000.00 1.00000000 0.00 X 0.00 17,301,088.81 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 Totals 6084,~~109~~010,~~022~~155.3306 3,~~318~~234,~~200~~190,~~526~~371.4337 0.~~95888467~~93460764 6084,~~109~~010,~~022~~155.3306

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 357,189,000.00 ~~978~~963.~~74741453~~49288472 0.00000000 1532.~~25452981~~11369384 0.00000000 A2 344,855,000.00 ~~960~~934.~~51279500~~84773067 0.00000000 2524.~~66506433~~35199275 0.00000000 A3 580,000,000.00 ~~970~~947.~~48542403~~89398684 0.00000000 2233.~~59143719~~62088016 0.00000000 A4 126,652,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A5 599,015,000.00 ~~951~~913.~~01721566~~76118009 0.00000000 3750.~~25603558~~39352522 0.00000000 A6 50,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A7 220,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A8 144,470,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A9 86,780,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A10 150,000,000.00 ~~962~~936.~~73994947~~04467153 0.00000000 2637.~~69527793~~14105740 0.00000000 A11 100,000,000.00 ~~962~~936.~~73994940~~04467150 0.00000000 2637.~~69527790~~14105740 0.00000000 A12 100,000,000.00 ~~948~~910.~~13699040~~97929920 0.00000000 3751.~~15769120~~69738060 0.00000000 A13 39,192,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 103,814,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 95,163,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 60,558,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 51,907,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 34,605,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 51,907,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 43,256,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 43,256,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 34,605,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 17,303,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 8,651,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 17,301,088.81 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 Denomination except for Classes P and X which are per $100 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 1532.~~25452981~~11369384 ~~963~~931.~~49288472~~37919088 0.~~96349288~~93137919 1532.~~25452981~~11369384 A2 0.00000000 2524.~~66506433~~35199275 ~~934~~910.~~84773067~~49573792 0.~~93484773~~91049574 2524.~~66506433~~35199275 A3 0.00000000 2233.~~59143719~~62088016 ~~947~~914.~~89398684~~27310669 0.~~94789399~~91427311 2233.~~59143719~~62088016 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A5 0.00000000 3750.~~25603558~~39352522 ~~913~~863.~~76118009~~36765487 0.~~91376118~~86336765 3750.~~25603558~~39352522 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 A9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A10 0.00000000 2637.~~69527793~~14105740 ~~936~~898.~~04467153~~90361413 0.~~93604467~~89890361 2637.~~69527793~~14105740 A11 0.00000000 2637.~~69527790~~14105740 ~~936~~898.~~04467150~~90361410 0.~~93604467~~89890361 2637.~~69527790~~14105740 A12 0.00000000 3751.~~15769120~~69738060 ~~910~~859.~~97929920~~28191860 0.~~91097930~~85928192 3751.~~15769120~~69738060 A13 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 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 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 A1 357,189,000.00 2.~~20750~~45500% ~~349~~344,~~597~~149,~~810~~060.2500 ~~685~~727,~~988~~540.5967 0.00 0.00 A2 344,855,000.00 2.~~20750~~45500% ~~331~~322,~~237~~386,~~639~~914.9216 ~~649~~681,~~961~~534.8689 0.00 0.00 A3 580,000,000.00 2.~~15250~~40000% ~~562~~549,~~881~~778,~~545~~512.9437 1,~~076~~136,~~980~~208.0293 0.00 0.00 A4 126,652,000.00 2.~~43250~~68000% 126,652,000.00 ~~273~~292,~~849~~284.7767 0.00 0.00 A5 599,015,000.00 2.~~08250~~33000% ~~569~~547,~~673~~356,~~577~~653.4429 1,~~054~~098,~~529~~210.0931 0.00 0.00 A6 50,000,000.00 2.~~33250~~58000% 50,000,000.00 ~~103~~111,~~666~~083.6733 0.00 0.00 A7 220,000,000.00 2.~~23250~~48000% 220,000,000.00 ~~436~~469,~~577~~822.7822 0.00 0.00 A8 144,470,000.00 2.~~43250~~68000% 144,470,000.00 ~~312~~333,~~376~~404.2466 0.00 0.00 A9 86,780,000.00 2.~~43250~~68000% 86,780,000.00 ~~187~~200,~~637~~268.6496 0.00 0.00 A10 150,000,000.00 2.~~17250~~42000% ~~144~~140,~~410~~406,~~992~~700.4273 ~~278~~292,~~873~~591.6796 0.00 0.00 A11 100,000,000.00 12.~~96000~~59000% 9693,~~273~~604,~~994~~467.9415 ~~167~~208,~~730~~763.6996 0.00 0.00 A12 100,000,000.00 2.~~08250~~33000% 9491,~~813~~097,~~699~~929.0492 ~~175~~182,~~510~~777.6987 0.00 0.00 A13 39,192,000.00 2.~~23250~~48000% 39,192,000.00 7783,~~774~~696.3569 0.00 0.00 M1 103,814,000.00 2.~~53250~~78000% 103,814,000.00 ~~233~~248,~~696~~519.8518 0.00 0.00 M2 95,163,000.00 2.~~55250~~80000% 95,163,000.00 ~~215~~229,~~914~~448.2757 0.00 0.00 M3 60,558,000.00 2.~~58250~~83000% 60,558,000.00 ~~139~~147,~~014~~576.2548 0.00 0.00 M4 51,907,000.00 23.~~93250~~18000% 51,907,000.00 ~~135~~142,~~304~~138.2567 0.00 0.00 M5 34,605,000.00 3.~~08250~~33000% 34,605,000.00 9499,~~817~~229.7084 0.00 0.00 M6 51,907,000.00 3.~~33250~~58000% 51,907,000.00 ~~153~~160,~~760~~017.0775 0.00 0.00 M7 43,256,000.00 34.~~78250~~03000% 43,256,000.00 ~~145~~150,~~436~~110.2834 0.00 0.00 M8 43,256,000.00 34.~~88250~~13000% 43,256,000.00 ~~149~~153,~~281~~835.2616 0.00 0.00 M9 34,605,000.00 4.~~43250~~68000% 34,605,000.00 ~~136~~139,~~343~~458.7015 0.00 0.00 B1 17,303,000.00 4.~~43250~~68000% 17,303,000.00 6869,~~173~~731.8209 0.00 0.00 B2 8,651,000.00 5.00000% 8,651,000.00 36,045.83 0.00 0.00 X 17,301,088.81 0.00000% 3,~~378~~318,~~309~~200,~~448~~426.7643 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 3,460,479,188.81 67,~~989~~394,~~245~~300.3418 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 ~~685~~727,~~988~~540.5967 0.00 ~~344~~332,~~149~~678,~~060~~401.0081 A2 0.00 0.00 ~~649~~681,~~961~~534.8689 0.00 ~~322~~313,~~386~~989,~~914~~007.1670 A3 0.00 0.00 1,~~076~~136,~~980~~208.0293 0.00 ~~549~~530,~~778~~278,~~512~~401.3788 A4 0.00 0.00 ~~273~~292,~~849~~284.7767 0.00 126,652,000.00 A5 0.00 0.00 1,~~054~~098,~~529~~210.0931 0.00 ~~547~~517,~~356~~170,~~653~~175.2978 A6 0.00 0.00 ~~103~~111,~~666~~083.6733 0.00 50,000,000.00 A7 0.00 0.00 ~~436~~469,~~577~~822.7822 0.00 220,000,000.00 A8 0.00 0.00 ~~312~~333,~~376~~404.2466 0.00 144,470,000.00 A9 0.00 0.00 ~~187~~200,~~637~~268.6496 0.00 86,780,000.00 A10 0.00 0.00 ~~278~~292,~~873~~591.6796 0.00 ~~140~~134,~~406~~835,~~700~~542.7312 A11 0.00 0.00 ~~167~~208,~~730~~763.6996 0.00 9389,~~604~~890,~~467~~361.1541 A12 0.00 0.00 ~~175~~182,~~510~~777.6987 0.00 9185,~~097~~928,~~929~~191.9286 A13 0.00 0.00 7783,~~774~~696.3569 0.00 39,192,000.00 M1 0.00 0.00 ~~233~~248,~~696~~519.8518 0.00 103,814,000.00 M2 0.00 0.00 ~~215~~229,~~914~~448.2757 0.00 95,163,000.00 M3 0.00 0.00 ~~139~~147,~~014~~576.2548 0.00 60,558,000.00 M4 0.00 0.00 ~~135~~142,~~304~~138.2567 0.00 51,907,000.00 M5 0.00 0.00 9499,~~817~~229.7084 0.00 34,605,000.00 M6 0.00 0.00 ~~153~~160,~~760~~017.0775 0.00 51,907,000.00 M7 0.00 0.00 ~~145~~150,~~436~~110.2834 0.00 43,256,000.00 M8 0.00 0.00 ~~149~~153,~~281~~835.2616 0.00 43,256,000.00 M9 0.00 0.00 ~~136~~139,~~343~~458.7015 0.00 34,605,000.00 B1 0.00 0.00 6869,~~173~~731.8209 0.00 17,303,000.00 B2 0.00 0.00 36,045.83 0.00 8,651,000.00 X 0.00 0.00 10,~~475~~242,~~549~~966.6135 0.00 3,~~318~~234,~~200~~190,~~426~~271.4337 P 0.00 0.00 ~~742~~1,~~163~~216,111.6801 0.00 100.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 18,~~206~~853,~~958~~377.6354 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 357,189,000.00 2.~~20750~~45500% ~~978~~963.~~74741453~~49288472 12.~~92051992~~03685071 0.00000000 0.00000000 A2 344,855,000.00 2.~~20750~~45500% ~~960~~934.~~51279500~~84773067 1.~~88473956~~97629407 0.00000000 0.00000000 A3 580,000,000.00 2.~~15250~~40000% ~~970~~947.~~48542403~~89398684 1.~~85686210~~95898091 0.00000000 0.00000000 A4 126,652,000.00 2.~~43250~~68000% 1000.00000000 2.~~16222223~~30777777 0.00000000 0.00000000 A5 599,015,000.00 2.~~08250~~33000% ~~951~~913.~~01721566~~76118009 1.~~76043854~~83336028 0.00000000 0.00000000 A6 50,000,000.00 2.~~33250~~58000% 1000.00000000 2.~~07333340~~22166660 0.00000000 0.00000000 A7 220,000,000.00 2.~~23250~~48000% 1000.00000000 12.~~98444445~~13555555 0.00000000 0.00000000 A8 144,470,000.00 2.~~43250~~68000% 1000.00000000 2.~~16222219~~30777781 0.00000000 0.00000000 A9 86,780,000.00 2.~~43250~~68000% 1000.00000000 2.~~16222217~~30777783 0.00000000 0.00000000 A10 150,000,000.00 2.~~17250~~42000% ~~962~~936.~~73994947~~04467153 1.~~85915780~~95061307 0.00000000 0.00000000 A11 100,000,000.00 12.~~96000~~59000% ~~962~~936.~~73994940~~04467150 12.~~67730690~~08763960 0.00000000 0.00000000 A12 100,000,000.00 2.~~08250~~33000% ~~948~~910.~~13699040~~97929920 1.~~75510690~~82777870 0.00000000 0.00000000 A13 39,192,000.00 2.~~23250~~48000% 1000.00000000 12.~~98444453~~13555547 0.00000000 0.00000000 M1 103,814,000.00 2.~~53250~~78000% 1000.00000000 2.~~25111112~~39388888 0.00000000 0.00000000 M2 95,163,000.00 2.~~55250~~80000% 1000.00000000 2.~~26888885~~41111115 0.00000000 0.00000000 M3 60,558,000.00 2.~~58250~~83000% 1000.00000000 2.~~29555550~~43694442 0.00000000 0.00000000 M4 51,907,000.00 23.~~93250~~18000% 1000.00000000 2.~~60666673~~73833337 0.00000000 0.00000000 M5 34,605,000.00 3.~~08250~~33000% 1000.00000000 2.~~74000000~~86750007 0.00000000 0.00000000 M6 51,907,000.00 3.~~33250~~58000% 1000.00000000 23.~~96222224~~08277785 0.00000000 0.00000000 M7 43,256,000.00 34.~~78250~~03000% 1000.00000000 3.~~36222212~~47027788 0.00000000 0.00000000 M8 43,256,000.00 34.~~88250~~13000% 1000.00000000 3.~~45111106~~55638894 0.00000000 0.00000000 M9 34,605,000.00 4.~~43250~~68000% 1000.00000000 34.~~94000000~~03000000 0.00000000 0.00000000 B1 17,303,000.00 4.~~43250~~68000% 1000.00000000 34.~~94000000~~03000000 0.00000000 0.00000000 B2 8,651,000.00 5.00000% 1000.00000000 4.16666628 0.00000000 0.00000000 X 17,301,088.81 0.00000% ~~195265~~191791.~~71338142~~42208160 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 Denomination except for Classes P and X which are per $100 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 12.~~92051992~~03685071 0.00000000 ~~963~~931.~~49288472~~37919088 A2 0.00000000 0.00000000 1.~~88473956~~97629407 0.00000000 ~~934~~910.~~84773067~~49573792 A3 0.00000000 0.00000000 1.~~85686210~~95898091 0.00000000 ~~947~~914.~~89398684~~27310669 A4 0.00000000 0.00000000 2.~~16222223~~30777777 0.00000000 1000.00000000 A5 0.00000000 0.00000000 1.~~76043854~~83336028 0.00000000 ~~913~~863.~~76118009~~36765487 A6 0.00000000 0.00000000 2.~~07333340~~22166660 0.00000000 1000.00000000 A7 0.00000000 0.00000000 12.~~98444445~~13555555 0.00000000 1000.00000000 A8 0.00000000 0.00000000 2.~~16222219~~30777781 0.00000000 1000.00000000 A9 0.00000000 0.00000000 2.~~16222217~~30777783 0.00000000 1000.00000000 A10 0.00000000 0.00000000 1.~~85915780~~95061307 0.00000000 ~~936~~898.~~04467153~~90361413 A11 0.00000000 0.00000000 12.~~67730690~~08763960 0.00000000 ~~936~~898.~~04467150~~90361410 A12 0.00000000 0.00000000 1.~~75510690~~82777870 0.00000000 ~~910~~859.~~97929920~~28191860 A13 0.00000000 0.00000000 12.~~98444453~~13555547 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.~~25111112~~39388888 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~26888885~~41111115 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~29555550~~43694442 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.~~60666673~~73833337 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.~~74000000~~86750007 0.00000000 1000.00000000 M6 0.00000000 0.00000000 23.~~96222224~~08277785 0.00000000 1000.00000000 M7 0.00000000 0.00000000 3.~~36222212~~47027788 0.00000000 1000.00000000 M8 0.00000000 0.00000000 3.~~45111106~~55638894 0.00000000 1000.00000000 M9 0.00000000 0.00000000 34.~~94000000~~03000000 0.00000000 1000.00000000 B1 0.00000000 0.00000000 34.~~94000000~~03000000 0.00000000 1000.00000000 B2 0.00000000 0.00000000 4.16666628 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~605~~592.~~48499144~~04171844 0.00000000 ~~191791~~186935.~~42208160~~64936217 P 0.00000000 0.00000000 ~~7421636~~12161110.~~80000000~~10000000 0.00000000 1000.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 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 80105,~~668~~174,~~510~~591.6441 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 80105,~~668~~174,~~510~~591.6441 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 2,~~352~~311,~~529~~058.6881 Payment of Interest and Principal 78102,~~315~~863,~~980~~532.9660 Total Withdrawals (Pool Distribution Amount) 80105,~~668~~174,~~510~~591.6441 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 1,~~221~~199,~~481~~742.8309 Credit Risk Manager's Fee 4241,~~228~~477.8751 PMI Insurance Premium Fee 1,~~086~~067,~~003~~074.7306 Securities Administrator Fee 2,~~815~~765.2515 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2,~~352~~311,~~529~~058.6881

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 75494,~~853~~106.5207 75494,~~853~~106.5207 1,000.00

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 921 0 0 921 12,~~201~~821,~~324~~208.0827 0.00 0.00 12,~~201~~821,~~324~~208.0827 30 Days ~~382~~291 40 380 10 ~~425~~291 6147,~~751~~705,~~838~~093.7201 ~~397,511~~0.7700 ~~5,500,609~~0.0400 ~~51,902~~0.8400 6747,~~701~~705,~~862~~093.3701 60 Days 47165 18 558 01 53232 829,~~398~~235,~~370~~121.1011 ~~287~~805,~~241~~695.5916 ~~824~~8,~~253~~109,873.3673 051,902.0084 938,~~509~~202,~~865~~592.0584 90 Days 522 10 415 01 1038 ~~922~~4,~~710~~651,104.2756 ~~52,940~~0.3600 ~~513~~1,~~937~~760,912.8293 049,457.0087 16,~~489~~461,~~588~~475.4536 120 Days 03 0 1 7 0 111 0649,148.0007 052,940.0036 ~~221~~1,~~872~~263,882.6878 0.00 ~~221~~1,~~872~~965,971.6821 150 Days 0 0 02 0 02 0.00 0.00 0415,472.0068 0.00 0415,472.0068 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~434~~481 1530 4882 12 ~~498~~595 7182,~~072~~240,~~919~~466.0975 13,~~939~~679,~~017~~843.8079 711,~~060~~550,~~672~~142.9012 51101,~~902~~360.8471 8097,~~124~~571,~~512~~813.6337 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.~~046834~~111566% 0.000000% 0.000000% 0.~~046834~~111566% 0.~~036179~~087167% 0.000000% 0.000000% 0.~~036179~~087167% 30 Days 1.~~987823~~545981% 0.~~020815~~000000% 0.~~197742~~000000% 0.~~005204~~000000% 21.~~211583~~545981% 1.~~859705~~473940% 0.~~011971~~000000% 0.~~165655~~000000% 0.~~001563~~000000% 21.~~038894~~473940% 60 Days 0.~~244575~~876587% 0.~~005204~~042501% 0.~~026019~~308134% 0.~~000000~~005313% 01.~~275797~~232535% 0.~~252923~~903275% 0.~~008651~~024893% 0.~~024823~~250570% 0.~~000000~~001604% 01.~~286397~~180342% 90 Days 0.~~026019~~116878% 0.~~005204~~000000% 0.~~020815~~079690% 0.~~000000~~005313% 0.~~052037~~201881% 0.~~027788~~143705% 0.~~001594~~000000% 0.~~015478~~054407% 0.~~000000~~001528% 0.~~044860~~199640% 120 Days 0.~~000000~~015938% 0.~~000000~~005313% 0.~~005204~~037189% 0.000000% 0.~~005204~~058439% 0.~~000000~~020057% 0.~~000000~~001636% 0.~~006682~~039050% 0.000000% 0.~~006682~~060742% 150 Days 0.000000% 0.000000% 0.~~000000~~010625% 0.000000% 0.~~000000~~010625% 0.000000% 0.000000% 0.~~000000~~012837% 0.000000% 0.~~000000~~012837% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.~~258417~~555384% 0.~~078056~~159379% 0.~~249779~~435637% 0.~~005204~~010625% 23.~~591455~~161026% 2.~~140416~~540977% 0.~~058395~~113696% 0.~~212638~~356864% 0.~~001563~~003132% 23.~~413012~~014668%

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 01 096,357.0069 0.00 0.00 096,357.0069 30 Days 93 0 10 0 103 ~~912~~257,~~900~~610.6843 0.00 ~~154,158~~0.0200 0.00 1257,~~067,058~~610.7043 60 Days 25 0 01 0 26 ~~363~~523,~~138~~335.9072 0.00 0154,158.0002 0.00 ~~363~~677,~~138~~493.9074 90 Days 0 0 02 0 02 0.00 0.00 0363,138.0090 0.00 0363,138.0090 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 118 0 1 3 0 12 1780,~~276,039~~946.5815 096,357.0069 ~~154~~517,~~158~~296.0292 0.00 1,~~430~~394,~~197~~600.6076 0-29 Days 0.~~000000~~151745% 0.000000% 0.000000% 0.~~000000~~151745% 0.~~000000~~102044% 0.000000% 0.000000% 0.~~000000~~102044% 30 Days 10.~~345291~~455235% 0.000000% 0.~~149477~~000000% 0.000000% 10.~~494768~~455235% 0.~~954979~~272813% 0.000000% 0.~~161264~~000000% 0.000000% 10.~~116242~~272813% 60 Days 0.~~298954~~758725% 0.000000% 0.~~000000~~151745% 0.000000% 0.~~298954~~910470% 0.~~379877~~554220% 0.000000% 0.~~000000~~163255% 0.000000% 0.~~379877~~717475% 90 Days 0.000000% 0.000000% 0.~~000000~~303490% 0.000000% 0.~~000000~~303490% 0.000000% 0.000000% 0.~~000000~~384569% 0.000000% 0.~~000000~~384569% 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 1.~~644245~~213961% 0.~~000000~~151745% 0.~~149477~~455235% 0.000000% 1.~~793722~~820941% 10.~~334856~~827033% 0.~~000000~~102044% 0.~~161264~~547824% 0.000000% 1.~~496119~~476901% 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 02 0 0 02 0224,703.0053 0.00 0.00 0224,703.0053 30 Days 4034 10 110 0 5234 75,~~090~~055,~~866~~030.9005 ~~55,823~~0.7800 ~~2,111,831~~0.1200 0.00 95,~~258~~055,~~521~~030.8005 60 Days 219 0 1 14 0 334 ~~539~~4,~~757~~201,969.5999 055,823.0078 ~~219~~2,~~822~~376,032.0006 0.00 ~~759~~6,~~579~~633,825.5983 90 Days 12 0 10 0 2 ~~331~~374,~~510~~149.5910 0.00 ~~157,888~~0.4900 0.00 ~~489~~374,~~399~~149.0810 120 Days 0 0 02 0 02 0.00 0.00 0489,399.0008 0.00 0489,399.0008 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 4355 13 1316 0 5774 79,~~962~~631,~~135~~149.0814 55280,~~823~~527.7831 2,~~489~~865,~~541~~431.6114 0.00 1012,~~507~~777,~~500~~107.4759 0-29 Days 0.~~000000~~103466% 0.000000% 0.000000% 0.~~000000~~103466% 0.~~000000~~058813% 0.000000% 0.000000% 0.~~000000~~058813% 30 Days 21.~~023268~~758924% 0.~~050582~~000000% 0.~~556399~~000000% 0.000000% 21.~~630248~~758924% 1.~~803087~~323074% 0.~~014195~~000000% 0.~~537003~~000000% 0.000000% 21.~~354285~~323074% 60 Days 0.~~101163~~982928% 0.~~000000~~051733% 0.~~050582~~724263% 0.000000% 01.~~151745~~758924% 01.~~137251~~099799% 0.~~000000~~014611% 0.~~055897~~621889% 0.000000% 01.~~193148~~736298% 90 Days 0.~~050582~~103466% 0.000000% 0.~~050582~~000000% 0.000000% 0.~~101163~~103466% 0.~~084298~~097928% 0.000000% 0.~~040148~~000000% 0.000000% 0.~~124446~~097928% 120 Days 0.000000% 0.000000% 0.~~000000~~103466% 0.000000% 0.~~000000~~103466% 0.000000% 0.000000% 0.~~000000~~128092% 0.000000% 0.~~000000~~128092% 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 2.~~175013~~845318% 0.~~050582~~155199% 0.~~657562~~827729% 0.000000% 23.~~883156~~828246% 2.~~024636~~520800% 0.~~014195~~073424% 0.~~633048~~749981% 0.000000% 23.~~671879~~344205% 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 13 0 0 13 75403,~~874~~857.2662 0.00 0.00 75403,~~874~~857.2662 30 Days 4845 0 50 0 5345 76,~~383~~114,~~616~~663.4968 0.00 ~~699,588~~0.3400 0.00 86,~~083~~114,~~204~~663.8368 60 Days 615 0 08 0 623 ~~770~~2,~~989~~517,069.4661 0.00 01,135,430.0080 0.00 ~~770~~3,~~989~~652,500.4641 90 Days 1 0 0 2 0 12 ~~81,545.80~~ 0.00 0.00 201,182.29 0.00 81201,~~545~~182.8029 120 Days 0 0 01 0 01 0.00 0.00 081,545.0080 0.00 081,545.0080 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 5560 13 511 0 6174 8,~~236~~631,~~151~~733.7529 75403,~~874~~857.2662 ~~699~~1,~~588~~418,158.3489 0.00 910,~~011~~453,~~614~~749.3580 0-29 Days 0.~~048780~~150451% 0.000000% 0.000000% 0.~~048780~~150451% 0.~~023845~~131168% 0.000000% 0.000000% 0.~~023845~~131168% 30 Days 2.~~341463~~256770% 0.000000% 0.~~243902~~000000% 0.000000% 2.~~585366~~256770% 21.~~320456~~985964% 0.000000% 0.~~219860~~000000% 0.000000% 21.~~540316~~985964% 60 Days 0.~~292683~~752257% 0.000000% 0.~~000000~~401204% 0.000000% 01.~~292683~~153460% 0.~~242300~~817512% 0.000000% 0.~~000000~~368773% 0.000000% 01.~~242300~~186285% 90 Days 0.~~048780~~000000% 0.000000% 0.~~000000~~100301% 0.000000% 0.~~048780~~100301% 0.~~025627~~000000% 0.000000% 0.~~000000~~065341% 0.000000% 0.~~025627~~065341% 120 Days 0.000000% 0.000000% 0.~~000000~~050150% 0.000000% 0.~~000000~~050150% 0.000000% 0.000000% 0.~~000000~~026485% 0.000000% 0.~~000000~~026485% 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 23.~~682927~~009027% 0.~~048780~~150451% 0.~~243902~~551655% 0.000000% 23.~~975610~~711133% 2.~~588383~~803476% 0.~~023845~~131168% 0.~~219860~~460600% 0.000000% 23.~~832088~~395243% 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 42 0 0 0 42 ~~575~~324,~~610~~979.7566 0.00 0.00 0.00 ~~575~~324,~~610~~979.7566 60 Days 03 0 0 0 03 0567,881.0009 0.00 0.00 0.00 0567,881.0009 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 45 0 0 0 45 ~~575~~892,~~610~~860.75 0.00 0.00 0.00 ~~575~~892,~~610~~860.75 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~653595~~328947% 0.000000% 0.000000% 0.000000% 0.~~653595~~328947% 0.~~594869~~338160% 0.000000% 0.000000% 0.000000% 0.~~594869~~338160% 60 Days 0.~~000000~~493421% 0.000000% 0.000000% 0.000000% 0.~~000000~~493421% 0.~~000000~~590913% 0.000000% 0.000000% 0.000000% 0.~~000000~~590913% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~653595~~822368% 0.000000% 0.000000% 0.000000% 0.~~653595~~822368% 0.~~594869~~929073% 0.000000% 0.000000% 0.000000% 0.~~594869~~929073% 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 4628 10 60 0 5328 64,~~912~~036,~~646~~599.6698 ~~111,008~~0.6600 ~~577,395~~0.2000 0.00 74,~~601~~036,~~050~~599.5298 60 Days 821 02 011 0 834 13,~~801~~156,~~233~~642.1326 0177,443.0093 01,166,884.0061 0.00 14,~~801~~500,~~233~~970.1380 90 Days 02 0 2 0 24 0427,513.0090 0.00 ~~153~~162,~~249~~616.3388 0.00 ~~153~~590,~~249~~130.3378 120 Days 0 0 01 0 01 0.00 0.00 0106,137.0090 0.00 0106,137.0090 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 5451 12 814 0 6367 87,~~713~~620,~~879~~756.7914 ~~111~~177,~~008~~443.6693 ~~730~~1,~~644~~435,639.5339 0.00 9,~~555~~233,~~532~~839.9846 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~508179~~565120% 0.~~054526~~000000% 0.~~327154~~000000% 0.000000% 21.~~889858~~565120% 21.~~360678~~415889% 0.~~037910~~000000% 0.~~197181~~000000% 0.000000% 21.~~595769~~415889% 60 Days 01.~~436205~~173840% 0.~~000000~~111794% 0.~~000000~~614869% 0.000000% 01.~~436205~~900503% 01.~~615123~~107233% 0.~~000000~~062241% 0.~~000000~~409300% 0.000000% 01.~~615123~~578773% 90 Days 0.~~000000~~111794% 0.000000% 0.~~109051~~111794% 0.000000% 0.~~109051~~223589% 0.~~000000~~149956% 0.000000% 0.~~052335~~057040% 0.000000% 0.~~052335~~206996% 120 Days 0.000000% 0.000000% 0.~~000000~~055897% 0.000000% 0.~~000000~~055897% 0.000000% 0.000000% 0.~~000000~~037229% 0.000000% 0.~~000000~~037229% 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 2.~~944384~~850755% 0.~~054526~~111794% 0.~~436205~~782560% 0.000000% 3.~~435115~~745109% 2.~~975801~~673078% 0.~~037910~~062241% 0.~~249516~~503569% 0.000000% 3.~~263227~~238887% 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 23 0 0 23 ~~225~~302,~~088~~025.6624 0.00 0.00 ~~225~~302,~~088~~025.6624 30 Days 1710 0 10 0 1810 1,~~932~~745,~~720~~728.9900 0.00 ~~51,915~~0.9100 0.00 1,~~984~~745,~~636~~728.9000 60 Days 27 01 02 0 210 ~~289~~723,~~840~~844.0768 080,406.0008 0123,786.0013 0.00 ~~289~~928,~~840~~036.0789 90 Days 01 0 01 0 02 0235,000.00 0.00 054,840.0007 0.00 0289,840.0007 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 1918 24 13 0 2225 2,~~222~~704,~~561~~572.0668 ~~225~~382,~~088~~431.6632 51178,~~915~~626.9120 0.00 23,~~499~~265,~~565~~630.6320 0-29 Days 0.~~146628~~222058% 0.000000% 0.000000% 0.~~146628~~222058% 0.~~119974~~162947% 0.000000% 0.000000% 0.~~119974~~162947% 30 Days 10.~~246334~~740192% 0.000000% 0.~~073314~~000000% 0.000000% 10.~~319648~~740192% 10.~~030157~~941846% 0.000000% 0.~~027672~~000000% 0.000000% 10.~~057828~~941846% 60 Days 0.~~146628~~518135% 0.~~000000~~074019% 0.~~000000~~148038% 0.000000% 0.~~146628~~740192% 0.~~154487~~390525% 0.~~000000~~043380% 0.~~000000~~066784% 0.000000% 0.~~154487~~500690% 90 Days 0.~~000000~~074019% 0.000000% 0.~~000000~~074019% 0.000000% 0.~~000000~~148038% 0.~~000000~~126786% 0.000000% 0.~~000000~~029587% 0.000000% 0.~~000000~~156373% 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 1.~~392962~~332346% 0.~~146628~~296077% 0.~~073314~~222058% 0.000000% 1.~~612903~~850481% 1.~~184644~~459157% 0.~~119974~~206327% 0.~~027672~~096372% 0.000000% 1.~~332290~~761856% 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 35 0 0 35 ~~253~~477,~~321~~240.3821 0.00 0.00 ~~253~~477,~~321~~240.3821 30 Days 9060 10 30 0 9460 139,~~928~~372,~~968~~744.6576 ~~155,639~~0.9000 ~~294,799~~0.0900 0.00 149,~~379~~372,~~407~~744.6476 60 Days 540 12 110 0 752 ~~633~~5,~~556~~916,909.5376 ~~287~~358,~~241~~087.5975 ~~113~~1,~~850~~489,176.0041 0.00 17,~~034~~764,~~648~~173.1292 90 Days 03 0 13 0 16 0569,958.0041 0.00 ~~202~~291,~~800~~845.0040 0.00 ~~202~~861,~~800~~803.0081 120 Days 0 0 02 0 02 0.00 0.00 0310,800.00 0.00 0310,800.00 150 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 95103 57 515 0 ~~105~~125 1415,~~562~~859,~~525~~612.1893 ~~696~~835,~~202~~327.8796 ~~611~~2,~~449~~091,821.0981 0.00 1518,~~870~~786,~~177~~762.1470 0-29 Days 0.~~075245~~128238% 0.000000% 0.000000% 0.~~075245~~128238% 0.~~040429~~078319% 0.000000% 0.000000% 0.~~040429~~078319% 30 Days 21.~~257336~~538856% 0.~~025082~~000000% 0.~~075245~~000000% 0.000000% 21.~~357662~~538856% 21.~~223017~~538147% 0.~~024840~~000000% 0.~~047049~~000000% 0.000000% 21.~~294906~~538147% 60 Days 01.~~125408~~025904% 0.~~025082~~051295% 0.~~025082~~256476% 0.000000% 01.~~175571~~333675% 0.~~101114~~971015% 0.~~045843~~058765% 0.~~018170~~244387% 0.000000% 01.~~165126~~274167% 90 Days 0.~~000000~~076943% 0.000000% 0.~~025082~~076943% 0.000000% 0.~~025082~~153886% 0.~~000000~~093535% 0.000000% 0.~~032366~~047894% 0.000000% 0.~~032366~~141429% 120 Days 0.000000% 0.000000% 0.~~000000~~051295% 0.000000% 0.~~000000~~051295% 0.000000% 0.000000% 0.~~000000~~051005% 0.000000% 0.~~000000~~051005% 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 2.~~382744~~641703% 0.~~125408~~179533% 0.~~125408~~384714% 0.000000% 23.~~633559~~205950% 2.~~324131~~602698% 0.~~111112~~137084% 0.~~097585~~343286% 0.000000% 23.~~532828~~083068% 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 23 0 0 23 ~~565~~630,~~740~~197.7327 0.00 0.00 ~~565~~630,~~740~~197.7327 30 Days 23 0 10 0 2423 21,~~098~~985,~~201~~905.3351 0.00 ~~67,077~~0.00 0.00 21,~~165~~985,~~278~~905.3351 60 Days 59 01 1 0 611 ~~221~~871,~~293~~757.2298 058,894.0019 4567,~~534~~077.0900 0.00 ~~266~~997,~~827~~729.3117 90 Days 13 0 01 0 14 69141,000.00 0.00 045,534.0009 0.00 69186,~~000~~534.0009 120 Days 01 0 0 0 01 069,000.00 0.00 0.00 0.00 069,000.00 150 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 2936 24 2 0 3342 23,~~388~~067,~~494~~663.5549 ~~565~~689,~~740~~091.7346 112,611.09 0.00 3,~~066~~869,~~846~~366.3704 0-29 Days 0.~~095102~~144578% 0.000000% 0.000000% 0.~~095102~~144578% 0.~~207531~~235878% 0.000000% 0.000000% 0.~~207531~~235878% 30 Days 1.~~093676~~108434% 0.000000% 0.~~047551~~000000% 0.000000% 1.~~141227~~108434% 0.~~769684~~743309% 0.000000% 0.~~024606~~000000% 0.000000% 0.~~794290~~743309% 60 Days 0.~~237756~~433735% 0.~~000000~~048193% 0.~~047551~~048193% 0.000000% 0.~~285307~~530120% 0.~~081177~~326292% 0.~~000000~~022044% 0.~~016703~~025106% 0.000000% 0.~~097880~~373442% 90 Days 0.~~047551~~144578% 0.000000% 0.~~000000~~048193% 0.000000% 0.~~047551~~192771% 0.~~025311~~052775% 0.000000% 0.~~000000~~017043% 0.000000% 0.~~025311~~069818% 120 Days 0.~~000000~~048193% 0.000000% 0.000000% 0.000000% 0.~~000000~~048193% 0.~~000000~~025826% 0.000000% 0.000000% 0.000000% 0.~~000000~~025826% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~378982~~734940% 0.~~095102~~192771% 0.~~095102~~096386% 0.000000% 12.~~569187~~024096% 01.~~876173~~148202% 0.~~207531~~257922% 0.~~041309~~042149% 0.000000% 1.~~125013~~448273% 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 02 0 0 02 0572,626.0017 0.00 0.00 0572,626.0017 30 Days 9279 10 100 10 ~~104~~79 1817,~~991~~974,~~785~~840.7796 ~~75,039~~0.4300 ~~1,543,844~~0.3600 ~~51,902~~0.8400 2017,~~662~~974,~~572~~840.4096 60 Days 1442 0 1 011 151 355 10,~~597~~257,~~320~~520.4018 075,039.0043 ~~287~~1,~~625~~597,328.0070 051,902.0084 311,~~884~~981,~~945~~791.4015 90 Days 210 0 02 0 212 ~~440~~2,~~653~~806,632.8882 0.00 0290,237.0027 0.00 ~~440~~3,~~653~~096,870.8809 120 Days 02 0 1 0 13 0580,148.0007 0.00 ~~221~~276,~~872~~000.6800 0.00 ~~221~~856,~~872~~148.6807 150 Days 0 0 02 0 02 0.00 0.00 0415,472.0068 0.00 0415,472.0068 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~108~~133 13 1216 1 ~~122~~153 2331,~~029~~619,~~760~~142.0503 75647,~~039~~665.4360 2,~~053~~579,~~342~~038.0465 51,902.84 2534,~~210~~897,~~044~~749.3612 0-29 Days 0.~~000000~~060588% 0.000000% 0.000000% 0.~~000000~~060588% 0.~~000000~~066442% 0.000000% 0.000000% 0.~~000000~~066442% 30 Days 2.~~722699~~393214% 0.~~029595~~000000% 0.~~295946~~000000% 0.~~029595~~000000% 32.~~077834~~393214% 2.~~142154~~085616% 0.~~008464~~000000% 0.~~174136~~000000% 0.~~005854~~000000% 2.~~330609~~085616% 60 Days 01.~~414324~~272342% 0.~~000000~~030294% 0.~~029595~~333232% 0.~~000000~~030294% 01.~~443918~~666162% 01.~~405755~~190177% 0.~~000000~~008707% 0.~~032442~~185338% 0.~~000000~~006022% 01.~~438197~~390244% 90 Days 0.~~059189~~302939% 0.000000% 0.~~000000~~060588% 0.000000% 0.~~059189~~363526% 0.~~049703~~325653% 0.000000% 0.~~000000~~033676% 0.000000% 0.~~049703~~359329% 120 Days 0.~~000000~~060588% 0.000000% 0.~~029595~~030294% 0.000000% 0.~~029595~~090882% 0.~~000000~~067314% 0.000000% 0.~~025026~~032024% 0.000000% 0.~~025026~~099339% 150 Days 0.000000% 0.000000% 0.~~000000~~060588% 0.000000% 0.~~000000~~060588% 0.000000% 0.000000% 0.~~000000~~048207% 0.000000% 0.~~000000~~048207% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 34.~~196212~~029082% 0.~~029595~~090882% 0.~~355135~~484702% 0.~~029595~~030294% 34.~~610536~~634959% 23.~~597612~~668760% 0.~~008464~~075148% 0.~~231604~~299245% 0.~~005854~~006022% 24.~~843535~~049176% 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 12 0 0 12 81114,~~299~~200.0554 0.00 0.00 81114,~~299~~200.0554 30 Days 137 0 0 0 137 1836,~~924,520~~989.5098 0.00 0.00 0.00 1836,~~924,520~~989.5098 60 Days 34 0 10 0 4 ~~181~~498,~~240~~189.8084 0.00 ~~157,422~~0.2700 0.00 ~~338~~498,~~663~~189.0784 90 Days 0 1 0 02 1 ~~0.00~~4 5296,~~940~~850.3633 0.00 0351,518.0003 5249,~~940~~457.3687 497,826.23 120 Days 0 01 0 0 01 0.00 052,940.0036 0.00 0.00 052,940.0036 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 1612 3 2 1 018 ~~19 2~~1,~~105~~432,~~761~~030.3015 ~~134~~167,~~239~~140.4190 ~~157~~351,~~422~~518.2703 049,457.0087 2,~~397~~000,~~422~~146.9895 0-29 Days 0.~~080515~~164745% 0.000000% 0.000000% 0.~~080515~~164745% 0.~~054018~~077549% 0.000000% 0.000000% 0.~~054018~~077549% 30 Days 10.~~046699~~576606% 0.000000% 0.000000% 0.000000% 10.~~046699~~576606% 10.~~278712~~568369% 0.000000% 0.000000% 0.000000% 10.~~278712~~568369% 60 Days 0.~~241546~~329489% 0.000000% 0.~~080515~~000000% 0.000000% 0.~~322061~~329489% 0.~~120422~~338302% 0.000000% 0.~~104596~~000000% 0.000000% 0.~~225018~~338302% 90 Days 0.~~000000~~082372% 0.~~080515~~000000% 0.~~000000~~164745% 0.~~000000~~082372% 0.~~080515~~329489% 0.~~000000~~065767% 0.~~035175~~000000% 0.~~000000~~238703% 0.~~000000~~033585% 0.~~035175~~338055% 120 Days 0.000000% 0.~~000000~~082372% 0.000000% 0.000000% 0.~~000000~~082372% 0.000000% 0.~~000000~~035950% 0.000000% 0.000000% 0.~~000000~~035950% 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 10.~~288245~~988468% 0.~~161031~~247117% 0.~~080515~~164745% 0.~~000000~~082372% 1.~~529791~~482702% 10.~~399134~~972438% 0.~~089193~~113499% 0.~~104596~~238703% 0.~~000000~~033585% 1.~~592923~~358225%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~039257~~035333% Weighted Average Net Coupon 6.~~605378~~601456% Weighted Average Pass-Through Rate 6.~~218621~~214558% Weighted Average Maturity (Stepdown Calculation ) ~~352~~351 Beginning Scheduled Collateral Loan Count 19,~~510~~217 Number Of Loans Paid In Full ~~293~~394 Ending Scheduled Collateral Loan Count 1918,~~217~~823 Beginning Scheduled Collateral Balance 3,~~378~~318,~~309~~200,~~448~~426.7643 Ending Scheduled Collateral Balance 3,~~318~~234,~~200~~190,~~426~~271.4337 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 3,~~320~~236,~~518~~569,~~247~~335.7759 Monthly P &I Constant 2221,~~282~~893,~~313~~780.1253 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 2,~~464~~439,~~989~~909.7473 Unscheduled Principal 5781,~~644~~570,~~032~~245.5933

Miscellaneous Reporting Monthly Excess Cashflow 109,~~551~~839,~~403~~028.1319 Overcollateralization Amount 17,301,188.81 Overcollateralization Deficiency 0.00 Targeted Overcollateralization Amount 17,301,188.81 Cap Payment 0494,106.0007

Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.~~103092~~101773 6.~~995617~~988908 6.~~782608~~778474 Weighted Average Net Rate 6.~~714504~~712993 6.~~607643~~601133 6.~~387367~~383272 Weighted Average Maturity ~~351~~350 ~~351~~350 ~~349~~348 Beginning Loan Count ~~673~~669 2,~~079~~050 ~~617~~612 Loans Paid In Full 410 2956 54 Ending Loan Count ~~669~~659 21,~~050~~994 ~~612~~608 Beginning Scheduled Balance 9695,~~458~~509,~~889~~752.8190 ~~322~~317,~~444~~944,~~016~~403.6834 9796,~~522~~674,~~900~~612.3662 Ending scheduled Balance 9594,~~509~~343,~~752~~716.9007 ~~317~~307,~~944~~639,~~403~~781.3498 96,~~674~~010,~~612~~867.6216 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~666~~660,~~674~~865.7869 2,~~140~~109,~~885~~580.5236 ~~656~~651,~~114~~037.5892 Scheduled Principal 95,~~711~~625.1822 ~~261~~257,~~139~~843.9458 104,~~898~~949.2129 Unscheduled Principal ~~853~~1,~~425~~070,411.7361 410,~~238~~046,~~473~~777.4078 ~~743~~558,~~389~~796.5317 Scheduled Interest ~~570~~565,~~963~~240.6047 1,~~879~~851,~~745~~736.5878 ~~551~~546,~~216~~088.3763 Servicing Fees 3130,~~235~~943.6257 ~~104~~102,~~249~~742.8950 3231,~~120~~838.9138 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 8079.3859 ~~268~~264.7095 8180.2756 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 3029,~~546~~964.6229 ~~103~~102,~~346~~094.7846 28,~~380~~351.6879 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 ~~509~~504,~~100~~253.9802 1,~~671~~646,~~880~~634.2187 ~~490~~485,~~633~~817.5190 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.~~333487~~335517 6.~~222030~~214803 6.~~037148~~030347

Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.~~059552~~053693 7.~~191346~~185541 6.~~993866~~990931 Weighted Average Net Rate 6.~~652588~~647528 6.~~801164~~795348 6.~~595539~~592345 Weighted Average Maturity ~~349~~348 ~~351~~350 ~~351~~350 Beginning Loan Count 1,~~877~~834 1,~~376~~364 43,~~049~~987 Loans Paid In Full 4345 1213 6288 Ending Loan Count 1,~~834~~789 1,~~364~~351 3,~~987~~899 Beginning Scheduled Balance ~~300~~292,~~626~~623,~~234~~796.8280 ~~189~~187,~~145~~451,~~949~~331.7923 ~~637~~626,~~499~~091,~~624~~209.6564 Ending scheduled Balance ~~292~~284,~~623~~889,~~796~~635.80 ~~187~~185,~~451~~185,~~331~~926.2369 ~~626~~608,~~091~~856,~~209~~503.6469 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 1,~~974~~922,~~792~~172.9543 1,~~317~~304,~~788~~816.8728 4,~~219~~145,~~436~~734.8498 Scheduled Principal ~~206~~202,~~220~~106.7696 ~~184~~182,~~277~~366.2798 ~~503~~498,~~947~~268.7207 Unscheduled Principal 7,~~796~~532,~~217~~054.2604 12,~~510~~083,~~341~~037.2956 1016,~~904~~736,~~467~~437.2988 Scheduled Interest 1,~~768~~720,~~572~~065.1947 1,~~133~~122,~~511~~449.6030 3,~~715~~647,~~489~~466.1291 Servicing Fees ~~101~~99,~~953~~044.4681 6160,~~501~~951.0175 ~~211~~207,~~610~~959.8718 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~250~~243.5285 ~~157~~156.6221 ~~531~~521.2574 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 8078,~~629~~177.7382 45,~~408~~273.7090 ~~197~~194,~~285~~291.2004 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,~~585~~542,~~738~~598.4899 1,~~026~~016,~~444~~067.2744 3,~~306~~244,~~061~~694.8095 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.~~329741~~325934 6.~~512078~~504520 6.~~223179~~218956

Group Level Collateral Statement Group 4(A) 4(B) 5(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.~~545169~~540071 6.~~844600~~840777 7.~~487533~~478003 Weighted Average Net Rate 7.~~087829~~082349 6.~~371913~~367948 7.~~019619~~009808 Weighted Average Maturity ~~345~~344.00 ~~345~~344.00 ~~343~~342.00 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 1,~~977~~963,~~885~~382.3243 5,~~660~~536,~~761~~231.1557 1,~~096~~083,~~613~~598.9444 Beginning Loan Count 2,~~120~~103 3,~~442~~379 1,~~261~~242 Loans Paid In Full 1728 6378 1928 Ending Loan Count 2,~~103~~075 3,~~379~~301 1,~~242~~214 Beginning Scheduled Balance ~~274~~272,~~541~~392,~~650~~808.7065 ~~906~~886,~~248~~080,~~129~~047.6757 ~~152~~150,~~199~~381,~~922~~304.7540 Ending Scheduled Balance ~~272~~266,~~392~~947,~~808~~922.6563 ~~886~~861,~~080~~338,~~047~~456.5708 ~~150~~147,~~381~~131,~~304~~383.4010 Scheduled Principal 251,~~665~~831.9841 ~~491~~485,~~673~~001.0646 146,~~945~~471.6092 Unscheduled Principal 15,~~897~~193,~~176~~054.0761 1924,~~676~~256,~~409~~590.0403 13,~~671~~103,~~672~~449.7538 Scheduled Interest 1,~~726~~711,~~219~~551.3402 5,~~169~~051,~~088~~230.0911 ~~949~~937,~~668~~126.3452 Servicing Fee ~~104~~103,~~632~~900.5126 ~~356~~349,~~976~~137.2604 5958,~~347~~673.0809 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee ~~228~~226.7899 ~~755~~738.2140 ~~126~~125.8332 Fry Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 7069,~~538~~859.9046 ~~350~~343,~~915~~136.4885 4342,~~341~~827.8828 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 1,~~550~~537,~~819~~564.1531 4,~~460~~358,~~441~~217.1482 ~~846~~835,~~852~~500.5583 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.~~778509~~773590 5.~~906251~~902245 6.~~676896~~667059

Group Level Collateral Statement Group 5(B) Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~030038~~024782 7.~~039257~~035333 Weighted Average Net Rate 6.~~558388~~552930 6.~~605378~~601456 Weighted Average Maturity ~~343~~342.00 ~~352~~351.00 Record Date 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 2,~~571~~516,~~359~~360.1743 2221,~~282~~893,~~313~~780.1253 Beginning Loan Count 21,~~016~~977 19,~~510~~217 Loans Paid In Full 3944 ~~293~~394 Ending Loan Count 1,~~977~~933 1918,~~217~~823 Beginning Scheduled Balance ~~401~~393,~~622~~051,~~129~~159.5328 3,~~378~~318,~~309~~200,~~448~~426.7643 Ending Scheduled Balance ~~393~~381,~~051~~846,~~159~~078.2817 3,~~318~~234,~~200~~190,~~426~~271.4337 Scheduled Principal ~~218~~215,~~510~~444.0284 2,~~464~~439,~~989~~909.7473 Unscheduled Principal 810,~~352~~989,~~460~~636.2327 5781,~~644~~570,~~032~~245.5933 Scheduled Interest 2,~~352~~300,~~849~~915.1559 19,~~817~~453,~~323~~870.3880 Servicing Fee ~~157~~154,~~854~~551.2251 1,~~221~~199,~~481~~742.8309 Master Servicing Fee 0.00 0.00 Trustee Fee ~~334~~327.6954 2,~~815~~765.2515 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee ~~135~~133,~~609~~097.7617 1,~~086~~067,~~003~~074.7306 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 2,~~059~~012,~~050~~939.4837 17,~~507~~184,~~022~~289.5750 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 6.~~152202~~145580 6.~~218621~~214558

Ex 99.2

theMurrayhillcompany SAIL 2004-8 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 Analytics c 2004 The Murrayhill Company. All Rights Reserved. Section One Transaction Summary SAIL 2004-8 Transaction Summary October 2004 Transaction Summary Closing Date : 8/27/2004 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): Option One Mortgage Corp., Wells Fargo Bank, N.A., Ocwen Financial Services. Mortgage Insurer(s): Mortgage Guaranty Insurance Corporation Delinquency Reporting Method: OTS1 Collateral Summary 9/30/2004 as a Percentage Closing Date 9/30/20042 of Closing Date Collateral Balance $ 3,443,178,000 $ 2,452,921,499 71.24 % Loan Count 19,880 15,157 76.24 % Collateral Statistics Loan Count Summed Balance Repurchases3 0 $ 0 First Payment Defaults 53 $ 7,185,531 Early Payment Defaults 4 146 $ 24,723,893 Multiple Loans to One Borrower 4 $ 722,959 Second Lien Statistics Loan Count Summed Balance Outstanding Second Lien Loans 967 $ 33,565,404 30 Days Delinquent 7 $ 380,052 60 Days Delinquent 1 $ 52,940 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. This month Murrayhill received incomplete data from one of the servicers. 3 Refers to loans repurchased in the current month 4 A default that occurs on the second or third scheduled payment Delinquencies 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 securities administrator to those reported by each individual servicer. 10/25/2004 Remittance Delinquency Counts 30 60 90+ FC REO As reported on remittance 112 9 2 4 0 As reported by servicers 179 34 13 26 0 Difference -67 -25 -11 -22 0 c 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation of Prepayment Premiums for SAIL 2004-8 Mortgage Data Through: September 30, 2004 Section 1: Prepayment premiums collected by the servicers and remitted to the Trustee. This information is reported to Murrayhill by the trusted servicers each month. Trustee Remittance Date 25-Oct-04 25-Sep-04 TOTAL $525,820 $253,715 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-Oct-04 25-Sep-04 P Class $525,820 $220,645 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: $525,820 Amount remitted to the P Class: $525,820 Difference*: $0 *In the 9/25/2004 remittance cycle, data received by Murrayhill from one of the servicers was incomplete; therefore, we were unable to reconcile the prepayment premiums. Murrayhill has contacted the master servicer and the securities administrator to determine the reason for the discrepancy. *In the 10/25/2004 remittance cycle, data received by Murrayhill from the one of the servicers was incomplete. We were able to reconcile the prepayment premiums, however the loans counts are incomplete. 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 2004-8 Mortgage Data Through: September 30, 2004 Trustee Remittance Date 25-Oct-04 25-Sep-04 Loans with Active Prepayment Flags with Premiums 87 51 Remitted (A) Loans without Prepayment Flags wtih 1 0 Premiums Remitted Total Loans with Remitted Premiums (B) 88 51 Loans with Active Prepayment Flags (C) 87 51 Loans without Prepayment Flags with 1 0 Premiums Remitted Subtotal (D) 88 51 Premiums Remitted for loans with Active Prepayment 100.0% 100.0% Flags (A/C) Total Loans with Premiums Remitted to the 100.0% 100.0% Subtotal (B/D) Total Paid-Off Loans (E) 202 118 Total Loans with Premiums Remitted to the Total Paid-Off 43.6% 43.2% Loans (B/E) Paid-Off Loans Exception Report for SAIL 2004-8 Mortgage Data Through: September 30, 2004 Total Total Paid-Off Loans with Flags 88 Less Exceptions: Loans with Expired Prepayment Clauses (as stated in the Note)* 1 Loans that Contained a Clause Allowing Prepayment Premiums to be Waived at the Time of Liquidation* 0 Repurchased/Service Transferred Loans* 0 Loans that were 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 were Liquidated Through Loss Mitigation Efforts* 0 Total Paid-Off Loans with Active Prepayment Flags (C) 87 Other Exceptions: Paid-Off Loans that Did Not have Premiums Collected 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 2004-8 Mortgage Data Through: September 30, 2004 Loan Number Delinquency Origination PPP Exp. Date String Date Flag 5469131 C0 4/28/2004 0 4/28/2004 5471561 C0 7/8/2004 3 7/8/2007 5486030 C0 6/30/2004 3 6/30/2007 5471060 C0 6/28/2004 3 6/28/2007 5480282 C0 5/21/2004 3 5/21/2007 5477107 C0 5/3/2004 3 5/3/2007 5478509 C0 4/23/2004 3 4/23/2007 5475227 C0 4/19/2004 3 4/19/2007 5473824 C0 4/12/2004 3 4/12/2007 5474041 C0 4/12/2004 3 4/12/2007 5473776 C0 4/9/2004 3 4/9/2007 5473188 C0 4/5/2004 3 4/5/2007 5468501 C0 4/5/2004 3 4/5/2007 5472762 C0 4/1/2004 3 4/1/2007 5467903 C0 4/1/2004 3 4/1/2007 5468500 C0 3/30/2004 3 3/30/2007 5471885 C0 3/29/2004 3 3/29/2007 5473215 C0 3/29/2004 3 3/29/2007 5485013 C0 2/27/2004 3 2/27/2007 5467182 C0 2/4/2004 3 2/4/2007 5467032 C0 2/2/2004 3 2/2/2007 5469456 C0 7/1/2004 2 7/1/2006 5486127 C0 6/30/2004 2 6/30/2006 5470926 C0 6/24/2004 2 6/24/2006 5470540 C0 6/22/2004 2 6/22/2006 5485524 C0 6/17/2004 2 6/17/2006 5469885 C0 6/16/2004 2 6/16/2006 5469827 C0 6/14/2004 2 6/14/2006 5470057 C0 6/14/2004 2 6/14/2006 5481003 C0 6/9/2004 2 6/9/2006 5485879 C0 6/7/2004 2 6/7/2006 5485574 C0 5/27/2004 2 5/27/2006 5469149 C0 5/14/2004 2 5/14/2006 5478933 C0 5/7/2004 2 5/7/2006 5479035 C0 5/7/2004 2 5/7/2006 5478279 C0 5/6/2004 2 5/6/2006 5478267 C0 5/6/2004 2 5/6/2006 5468783 C0 5/4/2004 2 5/4/2006 5475779 30 5/3/2004 2 5/3/2006 5478599 C0 5/3/2004 2 5/3/2006 5477232 C0 5/3/2004 2 5/3/2006 5478592 C0 5/3/2004 2 5/3/2006 5477597 C0 5/3/2004 2 5/3/2006 5476604 C0 4/30/2004 2 4/30/2006 5475901 C0 4/30/2004 2 4/30/2006 5478437 C0 4/30/2004 2 4/30/2006 5476456 C0 4/29/2004 2 4/29/2006 5478993 C0 4/29/2004 2 4/29/2006 5476004 C0 4/26/2004 2 4/26/2006 5475939 C0 4/26/2004 2 4/26/2006 5475452 C0 4/20/2004 2 4/20/2006 5475014 C0 4/19/2004 2 4/19/2006 5474866 C0 4/19/2004 2 4/19/2006 5473210 C0 4/16/2004 2 4/16/2006 5474015 C0 4/16/2004 2 4/16/2006 5478922 C0 4/15/2004 2 4/15/2006 5473872 C0 4/13/2004 2 4/13/2006 5474135 C0 4/12/2004 2 4/12/2006 5473711 C0 4/8/2004 2 4/8/2006 5467500 C0 4/7/2004 2 4/7/2006 5472899 C0 4/1/2004 2 4/1/2006 5473127 C0 3/31/2004 2 3/31/2006 5472301 C0 3/31/2004 2 3/31/2006 5472784 C0 3/31/2004 2 3/31/2006 5472994 C0 3/31/2004 2 3/31/2006 5473457 C0 3/31/2004 2 3/31/2006 5472563 C0 3/29/2004 2 3/29/2006 5472455 C0 3/26/2004 2 3/26/2006 5472441 C0 3/26/2004 2 3/26/2006 5471847 C0 3/25/2004 2 3/25/2006 5472372 C0 3/25/2004 2 3/25/2006 5472338 30 3/25/2004 2 3/25/2006 5472094 C0 3/24/2004 2 3/24/2006 5472193 C0 3/22/2004 2 3/22/2006 5471817 C0 3/18/2004 2 3/18/2006 5472125 C0 3/17/2004 2 3/17/2006 5467937 C0 3/17/2004 2 3/17/2006 5472067 C0 3/16/2004 2 3/16/2006 5467590 C0 3/5/2004 2 3/5/2006 5471952 C0 2/27/2004 2 2/27/2006 5467111 C0 2/5/2004 2 2/5/2006 5471923 C0 12/31/2003 2 12/31/2005 5485298 C0 12/18/2003 2 12/18/2005 5467064 C0 12/17/2003 2 12/17/2005 5486055 C0 6/30/2004 1 6/30/2005 5479790 C0 6/7/2004 1 6/7/2005 5479083 C0 6/2/2004 1 6/2/2005 5467090 C0 4/6/2004 2 4/6/2004 Paid-Off Loans With Prepayment Flags for SAIL 2004-8 Mortgage Data Through: September 30, 2004 (Continued) % of Premium to No Premium PPP Loan Number Payoff PPP Payoff Collected, w/ Collected, Comments Balance Remitted Balance Flag No Flag 5469131 $197,287 $3,946 2% 5469131 5471561 $104,776 $3,927 4% 5486030 $500,000 $12,400 2% 5471060 $44,903 $2,247 5% 5480282 $91,100 $3,275 4% 5477107 $194,453 $4,930 3% 5478509 $142,262 $5,091 4% 5475227 $182,310 $6,744 4% 5473824 $81,807 $3,517 4% 5474041 $166,211 $3,324 2% 5473776 $231,328 $5,727 2% 5473188 $92,203 $2,079 2% 5468501 $128,128 $3,933 3% 5472762 $142,267 $3,353 2% 5467903 $85,715 $2,395 3% 5468500 $107,549 $2,574 2% 5471885 $263,247 $9,988 4% 5473215 $161,510 $4,809 3% 5485013 $255,233 $8,806 3% 5467182 $39,713 $1,498 4% 5467032 $64,861 $2,563 4% 5469456 $85,884 $860 1% 5486127 $165,000 $3,960 2% 5470926 $48,726 $1,929 4% 5470540 $83,123 $2,582 3% 5485524 $77,911 $2,177 3% 5469885 $144,179 $4,354 3% 5469827 $154,574 $3,998 3% 5470057 $29,949 $600 2% 5481003 $79,946 $2,542 3% 5485879 $144,171 $4,141 3% 5485574 $154,540 $4,659 3% 5469149 $53,531 $535 1% 5478933 $333,955 $5,756 2% 5479035 $183,584 $5,468 3% 5478279 $275,518 $7,370 3% 5478267 $303,505 $6,070 2% 5468783 $106,076 $2,686 3% 5475779 $138,116 $4,695 3% 5478599 $228,154 $4,563 2% 5477232 $131,744 $4,051 3% 5478592 $247,047 $2,468 1% 5477597 $59,950 $600 1% 5476604 $135,695 $2,714 2% 5475901 $95,682 $2,673 3% 5478437 $55,096 $1,101 2% 5476456 $199,469 $6,469 3% 5478993 $119,639 $2,864 2% 5476004 $84,763 $1,695 2% 5475939 $83,842 $838 1% 5475452 $212,016 $1,845 1% 5475014 $358,583 $8,741 2% 5474866 $269,352 $5,387 2% 5473210 $107,606 $2,795 3% 5474015 $103,575 $2,442 2% 5478922 $293,266 $8,148 3% 5473872 $253,636 $7,212 3% 5474135 $111,803 $3,889 3% 5473711 $199,465 $5,262 3% 5467500 $189,359 $6,533 3% 5472899 $231,528 $8,695 4% 5473127 $239,281 $7,173 3% 5472301 $187,313 $4,853 3% 5472784 $94,771 $3,258 3% 5472994 $105,482 $2,637 3% 5473457 $91,642 $1,833 2% 5472563 $98,598 $4,124 4% 5472455 $298,208 $8,331 3% 5472441 $103,601 $2,583 2% 5471847 $443,780 $10,995 2% 5472372 $188,405 $5,454 3% 5472338 $198,376 $5,036 3% 5472094 $165,282 $5,153 3% 5472193 $149,504 $1,161 1% 5471817 $171,706 $6,060 4% 5472125 $56,907 $569 1% 5467937 $403,699 $11,537 3% 5472067 $104,685 $3,240 3% 5467590 $242,187 $6,717 3% 5471952 $126,057 $1,261 1% 5467111 $24,014 $997 4% 5471923 $223,979 $5,583 2% 5485298 $214,621 $5,599 3% 5467064 $145,365 $4,472 3% 5486055 $253,000 $5,667 2% 5479790 $248,436 $8,680 3% 5479083 $317,372 $8,819 3% 5467090 $251,010 $11,972 5% c 2004 The Murrayhill Company. All Rights Reserved. Section Three Analytics SAIL 2004-8 FICO Distribution by Status Mortgage Data Through: September 30, FICO Delinquency Percentage 500 Current 0.01 500 Delinquent 0.048 500 Paid Off 0.003 510 Current 0.025 510 Delinquent 0.067 510 Paid Off 0.017 520 Current 0.03 520 Delinquent 0.107 520 Paid Off 0.01 530 Current 0.033 530 Delinquent 0.06 530 Paid Off 0.012 540 Current 0.037 540 Delinquent 0.056 540 Paid Off 0.026 550 Current 0.039 550 Delinquent 0.079 550 Paid Off 0.012 560 Current 0.043 560 Delinquent 0.052 560 Paid Off 0.019 570 Current 0.039 570 Delinquent 0.06 570 Paid Off 0.016 580 Current 0.046 580 Delinquent 0.036 580 Paid Off 0.016 590 Current 0.045 590 Delinquent 0.04 590 Paid Off 0.019 600 Current 0.056 600 Delinquent 0.056 600 Paid Off 0.026 610 Current 0.064 610 Delinquent 0.044 610 Paid Off 0.069 620 Current 0.063 620 Delinquent 0.044 620 Paid Off 0.071 630 Current 0.062 630 Delinquent 0.044 630 Paid Off 0.083 640 Current 0.058 640 Delinquent 0.052 640 Paid Off 0.069 650 Current 0.055 650 Delinquent 0.024 650 Paid Off 0.071 660 Current 0.049 660 Delinquent 0.008 660 Paid Off 0.074 670 Current 0.041 670 Delinquent 0.024 670 Paid Off 0.08 680 Current 0.035 680 Delinquent 0.012 680 Paid Off 0.064 690 Current 0.031 690 Delinquent 0.036 690 Paid Off 0.04 700 Current 0.028 700 Delinquent 0.012 700 Paid Off 0.038 710 Current 0.023 710 Delinquent 0.008 710 Paid Off 0.022 720 Current 0.019 720 Delinquent 0.012 720 Paid Off 0.029 730 Current 0.016 730 Delinquent 0.008 730 Paid Off 0.014 740 Current 0.014 740 Paid Off 0.028 750 Current 0.012 750 Delinquent 0.004 750 Paid Off 0.022 760 Current 0.009 760 Paid Off 0.016 770 Current 0.005 770 Delinquent 0.004 770 Paid Off 0.014 780 Current 0.004 780 Paid Off 0.012 790 Current 0.002 790 Paid Off 0.005 800 Current 0.001 810 Current 0 820 Current 0 830 Current 0 Status # of Loans Average Std. Deviation Current 18,872 617 75.531 Delinquent 252 577 79.608 Paid Off 578 647 65.807 Total: 19,702 Copyright 2004, The Murrayhill Company. All rights reserved. SAIL 2004-8 Loan-to-Value Distribution by Status Mortgage Data Through: September 30, 2004 LTV Delinquency Percentage 0 Current 0 0.1 Paid Off 0.01 0.1 Current 0.006 0.1 Delinquent 0.004 0.2 Current 0.09 0.2 Delinquent 0.04 0.2 Paid Off 0.061 0.3 Delinquent 0.004 0.3 Paid Off 0.005 0.3 Current 0.007 0.4 Paid Off 0.005 0.4 Delinquent 0.004 0.4 Current 0.012 0.5 Delinquent 0.024 0.5 Current 0.026 0.5 Paid Off 0.012 0.6 Current 0.054 0.6 Paid Off 0.036 0.6 Delinquent 0.06 0.7 Paid Off 0.083 0.7 Current 0.114 0.7 Delinquent 0.135 0.8 Paid Off 0.521 0.8 Delinquent 0.492 0.8 Current 0.382 0.9 Paid Off 0.185 0.9 Delinquent 0.183 0.9 Current 0.232 1 Delinquent 0.056 1 Paid Off 0.081 1 Current 0.077 Status # of Loans Average Std. Deviation Current 18,872 0.734 0.211 Delinquent 252 0.76 0.162 Paid Off 578 0.762 0.187 Total: 19,702 SAIL 2004-8 Balance Distribution by Status Mortgage Data Through: September 30, 2004 Balance Delinquency Percentage 0 Current 0.207 10000 Current 0.001 20000 Current 0.008 20000 Delinquent 0.012 30000 Current 0.019 30000 Delinquent 0.016 40000 Current 0.018 40000 Delinquent 0.008 50000 Current 0.036 50000 Delinquent 0.06 60000 Current 0.043 60000 Delinquent 0.091 70000 Current 0.045 70000 Delinquent 0.056 80000 Current 0.044 80000 Delinquent 0.06 90000 Current 0.039 90000 Delinquent 0.04 100000 Current 0.046 100000 Delinquent 0.06 110000 Current 0.041 110000 Delinquent 0.036 120000 Current 0.034 120000 Delinquent 0.04 130000 Current 0.037 130000 Delinquent 0.048 140000 Current 0.034 140000 Delinquent 0.032 150000 Current 0.03 150000 Delinquent 0.06 160000 Current 0.028 160000 Delinquent 0.04 170000 Current 0.025 170000 Delinquent 0.02 180000 Current 0.023 180000 Delinquent 0.052 190000 Current 0.021 190000 Delinquent 0.024 200000 Current 0.019 200000 Delinquent 0.02 210000 Current 0.016 220000 Current 0.017 220000 Delinquent 0.02 230000 Current 0.012 230000 Delinquent 0.004 240000 Current 0.013 240000 Delinquent 0.012 250000 Current 0.012 250000 Delinquent 0.008 260000 Current 0.012 260000 Delinquent 0.012 270000 Current 0.01 270000 Delinquent 0.02 280000 Current 0.01 280000 Delinquent 0.008 290000 Current 0.009 290000 Delinquent 0.016 300000 Current 0.009 300000 Delinquent 0.012 310000 Current 0.007 310000 Delinquent 0.02 320000 Current 0.007 320000 Delinquent 0.008 330000 Current 0.005 330000 Delinquent 0.008 340000 Current 0.006 340000 Delinquent 0.004 350000 Current 0.004 350000 Delinquent 0.008 360000 Current 0.005 360000 Delinquent 0.016 370000 Current 0.004 370000 Delinquent 0.008 380000 Current 0.004 390000 Current 0.003 400000 Current 0.005 400000 Delinquent 0.008 410000 Current 0.002 420000 Current 0.002 420000 Delinquent 0.004 430000 Current 0.002 440000 Current 0.002 450000 Current 0.002 450000 Delinquent 0.004 460000 Current 0.002 460000 Delinquent 0.004 470000 Current 0.002 470000 Delinquent 0.004 480000 Current 0.002 480000 Delinquent 0.004 490000 Current 0.001 490000 Delinquent 0.004 500000 Current 0.003 510000 Current 0.001 520000 Current 0.001 530000 Current 0.001 530000 Delinquent 0.004 540000 Current 0.001 550000 Current 0.001 550000 Delinquent 0.004 560000 Current 0.001 570000 Current 0 580000 Current 0.001 580000 Delinquent 0.004 590000 Current 0 600000 Current 0.001 610000 Current 0 620000 Current 0 630000 Current 0.001 630000 Delinquent 0.004 640000 Current 0 650000 Current 0.001 660000 Current 0 670000 Current 0 680000 Current 0 690000 Current 0 700000 Current 0 710000 Current 0 720000 Current 0 740000 Current 0 750000 Current 0.001 770000 Current 0 820000 Current 0 840000 Current 0 860000 Current 0 940000 Current 0 960000 Current 0 1000000 Current 0 1140000 Current 0 Status # of Loans Average Std. Deviation Current 18,872 127,842.28 119,053.16 Delinquent 252 159,848.82 112,508.00 Total: 19,124 SAIL 2004-8 Mortgage Type Distribution by Status Mortgage Data Through: September 30, 2004 Mortgage Type Delinquency Percentage Investment Home Current 0.087 Investment Home Delinquent 0.115 Investment Home Paid Off 0.057 Primary Home Current 0.904 Primary Home Delinquent 0.873 Primary Home Paid Off 0.936 Second Home Current 0.009 Second Home Delinquent 0.012 Second Home Paid Off 0.007 Mortgage Type Loan Count Total Balance Avg. Balance Std. Deviation ARM 13,609 1,805,161,845.87 132,644.71 124,086.99 Balloon 1,060 64,478,512.63 60,828.79 34,925.22 Fixed 5,033 583,281,140.17 115,891.35 112,545.71 Total: 19,702 2,452,921,498.67 SAIL 2004-8 Mortgage Term Distribution by Status Mortgage Data Through: September 30, 2004 Mortgage Term Delinquency Percentage 120 Current 0.001 180 Current 0.079 180 Delinquent 0.044 180 Paid Off 0.038 240 Paid Off 0.009 240 Delinquent 0.012 240 Current 0.031 300 Current 0 360 Current 0.889 360 Delinquent 0.944 360 Paid Off 0.953 # of Loans Other 120 180 240 300 360 19,702 0 15 1,520 595 4 17,568 SAIL 2004-8 Mortgage Purpose Distribution Mortgage Data Through: September 30, 2004 Origination Statistics Number of Loans: 19,880 Purpose Number Percentage Cash-out refinance 10,601 53.3% Purchase 7,848 39.5% Rate/term 1,197 6.0% Home 5 0.0% Other 229 1.2% Total 19,880 100% Current Loans Number of Loans: 18,872 Purpose Number Percentage Cash-out refinance 10,181 53.9% Purchase 7,343 38.9% Rate/term 1,147 6.1% Home 3 0.0% Other 198 1.0% Total 18,872 100% Delinquent Loans Number of Loans: 252 Purpose Number Percentage Cash-out refinance 147 58.3% Purchase 92 36.5% Rate/term 13 5.2% Home 0 0.0% Other 0 0.0% Total 252 100% Paid Off Loans Number of Loans: 578 Purpose Number Percentage Cash-out refinance 181 31.3% Purchase 340 58.8% Rate/term 25 4.3% Home 1 0.2% Other 31 5.4% Total 578 100% SAIL 2004-8 Ownership Distribution by Status Mortgage Data Through: September 30, 2004 Ownership Type Delinquency Percentage Investment Home Current 0.087 Investment Home Delinquent 0.115 Investment Home Paid Off 0.057 Primary Home Current 0.904 Primary Home Delinquent 0.873 Primary Home Paid Off 0.936 Second Home Current 0.009 Second Home Delinquent 0.012 Second Home Paid Off 0.007 Title # of Loans Investment Home 1,701 Primary Home 17,817 Second Home 184 Total: 19,702 SAIL 2004-8 Delinquent Count Over Time Mortgage Data Through: September 30, 2004 Total Count in Status AsOfDate 30 Days 60 Days 90 Days Foreclosure REO 8/31/2004 89 16 0 13 0 9/30/2004 179 34 13 26 0 SAIL 2004-8 Delinquent Balance Over Time Mortgage Data Through: September 30, 2004 Total Balance in Status AsOfDate 30 Days 60 Days 90 Days Foreclosure REO 8/31/2004 $15,566,798 $2,646,751 $0 $928,081 - 9/30/2004 $28,704,581 $5,765,517 $2,703,707 $3,108,098 - SAIL 2004-8 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 17.30% 31-Aug-04 25-Sep-04 7.86% * Data in table is displayed for only the most recent 18 months. c 2004 The Murrayhill Company. All Rights Reserved. SAIL 2004-8 Historical SDA Performance Mortgage Data Through: September 30, 2004 Weighted Monthly Date Average Default Default CDR SDA SDA Age Amt Rate (F-R) Curve % 30-Sep-04 3.23 $0 0.00% 0.00% 0.06% 0% 31-Aug-04 2.79 $0 0.00% 0.00% 0.06% 0% Averages: 3.01 $0 0.00% 0.00% 0.06% 0%

Filing Compare · Structured Asset Investment Loan Trust 2004-8