-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Vd2d44q4G5XqiYH2EDGNXJvwcM6yZ9zEelEFHJqd1h01cQdwWYdu7eYQq+MsWI52 IRFI0sXnyfO29iMrNoJmBg== 0001056404-04-002589.txt : 20040804 0001056404-04-002589.hdr.sgml : 20040804 20040804163345 ACCESSION NUMBER: 0001056404-04-002589 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS-THRO CERT SERIES 2001-4 CENTRAL INDEX KEY: 0001144324 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-51279-15 FILM NUMBER: 04952066 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842220 MAIL ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 bst01004_jul.txt JULY 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): July 26, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-15 90-0031696 Pooling and Servicing Agreement) (Commission 90-0042385 (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) ITEM 5. Other Events On July 26, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-4 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-4 Trust, relating to the July 26, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-4 Trust 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: 8/3/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-4 Trust, relating to the July 26, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 6/30/2004 Distribution Date: 7/26/2004 BST Series: 2001-4 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 I-A 07384MCX8 SEN 3.89373% 13,660,600.42 44,325.57 91,220.53 II-A 07384MCY6 SEN 4.16054% 3,315,898.48 11,496.59 9,877.31 R-I 07384MCZ3 SEN 7.12909% 0.00 0.00 0.00 R-II 07384MDU3 SEN 7.12909% 0.00 0.00 0.00 B-1 07384MDA7 SUB 3.94713% 1,188,575.29 3,909.55 7,056.90 B-2 07384MDB5 SUB 3.94713% 950,934.61 3,127.89 5,645.96 B-3 07384MDC3 SUB 3.94713% 713,107.99 2,345.61 4,233.92 B-4 07384MEB4 SUB 3.94713% 808,313.02 2,658.77 4,799.18 B-5 07384MEC2 SUB 3.94713% 160,565.57 528.14 953.32 B-6 07384MED0 SUB 6.59444% 0.00 0.00 0.00 Totals 20,797,995.38 68,392.12 123,787.12
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 13,569,379.89 135,546.10 0.00 II-A 0.00 3,306,021.17 21,373.90 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 1,181,518.39 10,966.45 0.00 B-2 0.00 945,288.65 8,773.85 0.00 B-3 0.00 708,874.07 6,579.53 0.00 B-4 0.00 803,513.84 7,457.95 0.00 B-5 0.00 159,612.25 1,481.46 130,058.78 B-6 0.00 0.00 0.00 347,452.00 Totals 0.00 20,674,208.26 192,179.24 477,510.78 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) I-A 80,256,000.00 13,660,600.42 32,144.88 59,075.65 0.00 0.00 II-A 17,416,100.00 3,315,898.48 9,041.48 835.83 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 B-1 1,278,400.00 1,188,575.29 2,885.73 4,171.18 0.00 0.00 B-2 1,022,800.00 950,934.61 2,308.76 3,337.20 0.00 0.00 B-3 767,000.00 713,107.99 1,731.35 2,502.57 0.00 0.00 B-4 869,400.00 808,313.02 1,962.49 2,836.69 0.00 0.00 B-5 306,800.00 160,565.57 389.84 563.49 0.00 0.00 B-6 358,051.00 0.00 0.00 0.00 0.00 0.00 Totals 102,274,651.00 20,797,995.38 50,464.53 73,322.61 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 I-A 91,220.53 13,569,379.89 0.16907620 91,220.53 II-A 9,877.31 3,306,021.17 0.18982557 9,877.31 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 7,056.90 1,181,518.39 0.92421651 7,056.90 B-2 5,645.96 945,288.65 0.92421651 5,645.96 B-3 4,233.92 708,874.07 0.92421652 4,233.92 B-4 4,799.18 803,513.84 0.92421652 4,799.18 B-5 953.32 159,612.25 0.52024853 953.32 B-6 0.00 0.00 0.00000000 0.00 Totals 123,787.12 20,674,208.26 0.20214401 123,787.12
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 80,256,000.00 170.21282421 0.40052931 0.73609014 0.00000000 II-A 17,416,100.00 190.39271019 0.51914493 0.04799180 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,278,400.00 929.73661608 2.25729819 3.26281289 0.00000000 B-2 1,022,800.00 929.73661517 2.25729370 3.26280798 0.00000000 B-3 767,000.00 929.73662321 2.25730117 3.26280313 0.00000000 B-4 869,400.00 929.73662296 2.25729239 3.26281343 0.00000000 B-5 306,800.00 523.35583442 1.27066493 1.83666884 0.00000000 B-6 358,051.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) Per $1000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 1.13661944 169.07620477 0.16907620 1.13661944 II-A 0.00000000 0.56713673 189.82557346 0.18982557 0.56713673 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 5.52010325 924.21651283 0.92421651 5.52010325 B-2 0.00000000 5.52010168 924.21651349 0.92421651 5.52010168 B-3 0.00000000 5.52010430 924.21651890 0.92421652 5.52010430 B-4 0.00000000 5.52010582 924.21651714 0.92421652 5.52010582 B-5 0.00000000 3.10730117 520.24853325 0.52024853 3.10730117 B-6 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 I-A 80,256,000.00 3.89373% 13,660,600.42 44,325.58 0.00 0.00 II-A 17,416,100.00 4.16054% 3,315,898.48 11,496.59 0.00 0.00 R-I 50.00 7.12909% 0.00 0.00 0.00 0.00 R-II 50.00 7.12909% 0.00 0.00 0.00 0.00 B-1 1,278,400.00 3.94713% 1,188,575.29 3,909.55 0.00 0.00 B-2 1,022,800.00 3.94713% 950,934.61 3,127.89 0.00 0.00 B-3 767,000.00 3.94713% 713,107.99 2,345.61 0.00 0.00 B-4 869,400.00 3.94713% 808,313.02 2,658.77 0.00 0.00 B-5 306,800.00 3.94713% 160,565.57 528.14 0.00 0.00 B-6 358,051.00 6.59444% 0.00 0.00 0.00 0.00 Totals 102,274,651.00 68,392.13 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 I-A 0.00 0.00 44,325.57 0.00 13,569,379.89 II-A 0.00 0.00 11,496.59 0.00 3,306,021.17 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 3,909.55 0.00 1,181,518.39 B-2 0.00 0.00 3,127.89 0.00 945,288.65 B-3 0.00 0.00 2,345.61 0.00 708,874.07 B-4 0.00 0.00 2,658.77 0.00 803,513.84 B-5 0.00 0.00 528.14 0.00 159,612.25 B-6 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 68,392.12 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 I-A 80,256,000.00 3.89373% 170.21282421 0.55230238 0.00000000 0.00000000 II-A 17,416,100.00 4.16054% 190.39271019 0.66011277 0.00000000 0.00000000 R-I 50.00 7.12909% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 7.12909% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,278,400.00 3.94713% 929.73661608 3.05815864 0.00000000 0.00000000 B-2 1,022,800.00 3.94713% 929.73661517 3.05816386 0.00000000 0.00000000 B-3 767,000.00 3.94713% 929.73662321 3.05816167 0.00000000 0.00000000 B-4 869,400.00 3.94713% 929.73662296 3.05816655 0.00000000 0.00000000 B-5 306,800.00 3.94713% 523.35583442 1.72144720 0.00000000 0.00000000 B-6 358,051.00 6.59444% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1000 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 I-A 0.00000000 0.00000000 0.55230226 0.00000000 169.07620477 II-A 0.00000000 0.00000000 0.66011277 0.00000000 189.82557346 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.05815864 0.00000000 924.21651283 B-2 0.00000000 0.00000000 3.05816386 0.00000000 924.21651349 B-3 0.00000000 0.00000000 3.05816167 0.00000000 924.21651890 B-4 0.00000000 0.00000000 3.05816655 0.00000000 924.21651714 B-5 0.00000000 0.00000000 1.72144720 0.00000000 520.24853325 B-6 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 192,304.39 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 12,569.09 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 204,873.48 Withdrawals Reimbursement for Servicer Advances 7,385.48 Payment of Service Fee 5,308.74 Payment of Interest and Principal 192,179.26 Total Withdrawals (Pool Distribution Amount) 204,873.48 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 5,308.74 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5,308.74
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 9 0 0 0 9 1,548,903.20 0.00 0.00 0.00 1,548,903.20 60 Days 2 0 0 0 2 449,843.29 0.00 0.00 0.00 449,843.29 90 Days 1 0 0 0 1 50,380.02 0.00 0.00 0.00 50,380.02 120 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 1 0 1 0.00 0.00 80,855.64 0.00 80,855.64 Totals 12 0 1 0 13 2,049,126.51 0.00 80,855.64 0.00 2,129,982.15 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 8.571429% 0.000000% 0.000000% 0.000000% 8.571429% 7.472162% 0.000000% 0.000000% 0.000000% 7.472162% 60 Days 1.904762% 0.000000% 0.000000% 0.000000% 1.904762% 2.170118% 0.000000% 0.000000% 0.000000% 2.170118% 90 Days 0.952381% 0.000000% 0.000000% 0.000000% 0.952381% 0.243041% 0.000000% 0.000000% 0.000000% 0.243041% 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% 0.952381% 0.000000% 0.952381% 0.000000% 0.000000% 0.390061% 0.000000% 0.390061% Totals 11.428571% 0.000000% 0.952381% 0.000000% 12.380952% 9.885322% 0.000000% 0.390061% 0.000000% 10.275382%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 5 0 0 0 5 1,086,836.47 0.00 0.00 0.00 1,086,836.47 60 Days 1 0 0 0 1 327,566.96 0.00 0.00 0.00 327,566.96 90 Days 1 0 0 0 1 50,380.02 0.00 0.00 0.00 50,380.02 120 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 7 0 0 0 7 1,464,783.45 0.00 0.00 0.00 1,464,783.45 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 6.493506% 0.000000% 0.000000% 0.000000% 6.493506% 6.530613% 0.000000% 0.000000% 0.000000% 6.530613% 60 Days 1.298701% 0.000000% 0.000000% 0.000000% 1.298701% 1.968293% 0.000000% 0.000000% 0.000000% 1.968293% 90 Days 1.298701% 0.000000% 0.000000% 0.000000% 1.298701% 0.302725% 0.000000% 0.000000% 0.000000% 0.302725% 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 9.090909% 0.000000% 0.000000% 0.000000% 9.090909% 8.801631% 0.000000% 0.000000% 0.000000% 8.801631% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 4 0 0 0 4 462,066.73 0.00 0.00 0.00 462,066.73 60 Days 1 0 0 0 1 122,276.33 0.00 0.00 0.00 122,276.33 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 1 0 1 0.00 0.00 80,855.64 0.00 80,855.64 Totals 5 0 1 0 6 584,343.06 0.00 80,855.64 0.00 665,198.70 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 14.285714% 0.000000% 0.000000% 0.000000% 14.285714% 11.306324% 0.000000% 0.000000% 0.000000% 11.306324% 60 Days 3.571429% 0.000000% 0.000000% 0.000000% 3.571429% 2.991983% 0.000000% 0.000000% 0.000000% 2.991983% 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% 3.571429% 0.000000% 3.571429% 0.000000% 0.000000% 1.978459% 0.000000% 1.978459% Totals 17.857143% 0.000000% 3.571429% 0.000000% 21.428571% 14.298306% 0.000000% 1.978459% 0.000000% 16.276765%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 12,569.09
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 22,018,651.00 21.52894269% 7,104,828.37 34.36566122% 65.634339% 81.715878% Class 2A 4,602,551.00 4.50018744% 3,798,807.20 18.37461997% 15.991041% 15.912283% Class R-I 4,602,501.00 4.50013855% 3,798,807.20 18.37461997% 0.000000% 0.000000% Class R-II 4,602,451.00 4.50008967% 3,798,807.20 18.37461997% 0.000000% 0.000000% Class B-1 3,324,051.00 3.25012207% 2,617,288.81 12.65968098% 5.714939% 5.686792% Class B-2 2,301,251.00 2.25006977% 1,672,000.16 8.08737214% 4.572309% 4.549789% Class B-3 1,534,251.00 1.50012832% 963,126.09 4.65858754% 3.428785% 3.411897% Class B-4 664,851.00 0.65006431% 159,612.25 0.77203561% 3.886552% 3.867410% Class B-5 358,051.00 0.35008773% 0.00 0.00000000% 0.772036% 0.768233% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.255974% Weighted Average Net Coupon 3.949671% Weighted Average Pass-Through Rate 3.946081% Weighted Average Maturity(Stepdown Calculation ) 319 Beginning Scheduled Collateral Loan Count 106 Number Of Loans Paid In Full 1 Ending Scheduled Collateral Loan Count 105 Beginning Scheduled Collateral Balance 20,797,995.39 Ending Scheduled Collateral Balance 20,674,208.26 Ending Actual Collateral Balance at 30-Jun-2004 20,728,981.81 Monthly P &I Constant 124,227.63 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 477,510.18 Class A Optimal Amount 156,920.01 Ending Scheduled Balance for Premium Loans 20,674,208.26 Scheduled Principal 50,464.52 Unscheduled Principal 73,322.61
Miscellaneous Reporting Senior Percentage Group 1 81.715878% Senior Percentage Group 2 81.256024% Senior Prepayment Percentage Group 1 81.715878% Senior Prepayment Percentage Group 2 81.256024% Subordinate Percentage Group 1 18.284122% Subordinate Percentage Group 2 18.743976% Subordinate Prepayment Percentage Grp 1 18.284122% Subordinate Prepayment Percentage Grp 2 18.743976%
Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.184707 4.547925 4.255974 Weighted Average Net Rate 3.896309 4.168271 3.949671 Weighted Average Maturity 279 230 319 Beginning Loan Count 78 28 106 Loans Paid In Full 1 0 1 Ending Loan Count 77 28 105 Beginning Scheduled Balance 16,717,192.15 4,080,803.24 20,797,995.39 Ending scheduled Balance 16,605,560.81 4,068,647.45 20,674,208.26 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 97,634.49 26,593.14 124,227.63 Scheduled Principal 39,337.37 11,127.15 50,464.52 Unscheduled Principal 72,293.97 1,028.64 73,322.61 Scheduled Interest 58,297.12 15,465.99 73,763.11 Servicing Fees 4,017.66 1,291.08 5,308.74 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 35.93 26.30 62.23 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 54,243.53 14,148.61 68,392.14 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 477,510.18 0.00 477,510.18 Percentage of Cumulative Losses 0.5682 0.0000 0.4669 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 3.893730 4.160535 3.946081
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