-----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, MGk3QnAxP2VjOKn7Bt9Y9dKAThWiTukYScBnZRxbz5U6w+XFNTqiNszQMkAk0nHt JYs74plcQ3V6Va8SaPlYBQ== 0001056404-04-004244.txt : 20041203 0001056404-04-004244.hdr.sgml : 20041203 20041203134819 ACCESSION NUMBER: 0001056404-04-004244 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041203 DATE AS OF CHANGE: 20041203 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: 041183012 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_nov.txt NOVEMBER 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): November 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-4 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 2001-4 Trust, relating to the November 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 (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: 12/2/2004 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 November 26, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 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 4.10203% 12,891,002.38 43,788.45 174,501.68 II-A 07384MCY6 SEN 4.48252% 2,246,153.99 8,342.00 7,158.38 R-I 07384MCZ3 SEN 7.12348% 0.00 0.00 0.00 R-II 07384MDU3 SEN 7.12348% 0.00 0.00 0.00 B-1 07384MDA7 SUB 4.15997% 1,058,267.05 3,645.84 12,657.55 B-2 07384MDB5 SUB 4.15997% 846,679.86 2,916.90 10,126.83 B-3 07384MDC3 SUB 4.15997% 634,927.12 2,187.39 7,594.13 B-4 07384MEB4 SUB 4.15997% 719,694.44 2,479.42 8,608.01 B-5 07384MEC2 SUB 4.15997% 142,962.13 492.52 1,709.92 B-6 07384MED0 SUB 6.55521% 0.00 0.00 0.00 Totals 18,539,686.97 63,852.52 222,356.50
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 12,716,500.70 218,290.13 0.00 II-A 0.00 2,238,995.61 15,500.38 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 1,045,609.50 16,303.39 0.00 B-2 0.00 836,553.03 13,043.73 0.00 B-3 0.00 627,332.98 9,781.52 0.00 B-4 0.00 711,086.43 11,087.43 0.00 B-5 0.00 141,252.21 2,202.44 130,058.78 B-6 0.00 0.00 0.00 347,452.00 Totals 0.00 18,317,330.46 286,209.02 477,510.78 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 12,891,002.38 29,582.38 144,919.29 0.00 0.00 II-A 17,416,100.00 2,246,153.99 6,062.59 1,095.79 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 1,058,267.05 2,493.67 10,163.88 0.00 0.00 B-2 1,022,800.00 846,679.86 1,995.09 8,131.74 0.00 0.00 B-3 767,000.00 634,927.12 1,496.13 6,098.01 0.00 0.00 B-4 869,400.00 719,694.44 1,695.87 6,912.14 0.00 0.00 B-5 306,800.00 142,962.13 336.87 1,373.05 0.00 0.00 B-6 358,051.00 0.00 0.00 0.00 0.00 0.00 Totals 102,274,651.00 18,539,686.97 43,662.60 178,693.90 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 174,501.68 12,716,500.70 0.15844922 174,501.68 II-A 7,158.38 2,238,995.61 0.12855895 7,158.38 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 12,657.55 1,045,609.50 0.81790480 12,657.55 B-2 10,126.83 836,553.03 0.81790480 10,126.83 B-3 7,594.13 627,332.98 0.81790480 7,594.13 B-4 8,608.01 711,086.43 0.81790480 8,608.01 B-5 1,709.92 141,252.21 0.46040486 1,709.92 B-6 0.00 0.00 0.00000000 0.00 Totals 222,356.50 18,317,330.46 0.17909942 222,356.50
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 80,256,000.00 160.62353444 0.36860023 1.80571284 0.00000000 II-A 17,416,100.00 128.96997548 0.34810262 0.06291822 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 1,278,400.00 827.80589018 1.95061796 7.95046934 0.00000000 B-2 1,022,800.00 827.80588580 1.95061596 7.95046930 0.00000000 B-3 767,000.00 827.80589309 1.95062581 7.95046936 0.00000000 B-4 869,400.00 827.80588912 1.95062112 7.95047159 0.00000000 B-5 306,800.00 465.97825945 1.09801173 4.47539113 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 2.17431320 158.44922124 0.15844922 2.17431320 II-A 0.00000000 0.41102084 128.55895465 0.12855895 0.41102084 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 9.90108730 817.90480288 0.81790480 9.90108730 B-2 0.00000000 9.90108526 817.90480055 0.81790480 9.90108526 B-3 0.00000000 9.90108214 817.90479791 0.81790480 9.90108214 B-4 0.00000000 9.90109271 817.90479641 0.81790480 9.90109271 B-5 0.00000000 5.57340287 460.40485658 0.46040486 5.57340287 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 4.10203% 12,891,002.38 44,066.04 0.00 0.00 II-A 17,416,100.00 4.48252% 2,246,153.99 8,390.37 0.00 0.00 R-I 50.00 7.12348% 0.00 0.00 0.00 0.00 R-II 50.00 7.12348% 0.00 0.00 0.00 0.00 B-1 1,278,400.00 4.15997% 1,058,267.05 3,668.63 0.00 0.00 B-2 1,022,800.00 4.15997% 846,679.86 2,935.14 0.00 0.00 B-3 767,000.00 4.15997% 634,927.12 2,201.06 0.00 0.00 B-4 869,400.00 4.15997% 719,694.44 2,494.92 0.00 0.00 B-5 306,800.00 4.15997% 142,962.13 495.60 0.00 0.00 B-6 358,051.00 6.55521% 0.00 0.00 0.00 0.00 Totals 102,274,651.00 64,251.76 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 277.59 0.00 43,788.45 0.00 12,716,500.70 II-A 48.37 0.00 8,342.00 0.00 2,238,995.61 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 22.79 0.00 3,645.84 0.00 1,045,609.50 B-2 18.23 0.00 2,916.90 0.00 836,553.03 B-3 13.67 0.00 2,187.39 0.00 627,332.98 B-4 15.50 0.00 2,479.42 0.00 711,086.43 B-5 3.08 0.00 492.52 0.00 141,252.21 B-6 0.00 0.00 0.00 0.00 0.00 Totals 399.23 0.00 63,852.52 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 4.10203% 160.62353444 0.54906848 0.00000000 0.00000000 II-A 17,416,100.00 4.48252% 128.96997548 0.48175941 0.00000000 0.00000000 R-I 50.00 7.12348% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 7.12348% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,278,400.00 4.15997% 827.80589018 2.86970432 0.00000000 0.00000000 B-2 1,022,800.00 4.15997% 827.80588580 2.86971060 0.00000000 0.00000000 B-3 767,000.00 4.15997% 827.80589309 2.86970013 0.00000000 0.00000000 B-4 869,400.00 4.15997% 827.80588912 2.86970324 0.00000000 0.00000000 B-5 306,800.00 4.15997% 465.97825945 1.61538462 0.00000000 0.00000000 B-6 358,051.00 6.55521% 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 0.00345881 0.00000000 0.54560967 0.00000000 158.44922124 II-A 0.00277732 0.00000000 0.47898209 0.00000000 128.55895465 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 0.01782697 0.00000000 2.85187735 0.00000000 817.90480288 B-2 0.01782362 0.00000000 2.85187720 0.00000000 817.90480055 B-3 0.01782269 0.00000000 2.85187744 0.00000000 817.90479791 B-4 0.01782839 0.00000000 2.85187486 0.00000000 817.90479641 B-5 0.01003911 0.00000000 1.60534550 0.00000000 460.40485658 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 291,151.78 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 6,791.83 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 297,943.61 Withdrawals Reimbursement for Servicer Advances 7,121.07 Payment of Service Fee 4,613.51 Payment of Interest and Principal 286,209.03 Total Withdrawals (Pool Distribution Amount) 297,943.61 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 399.23
SERVICING FEES Gross Servicing Fee 4,613.51 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 4,613.51
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 1 0 0 0 1 253,093.33 0.00 0.00 0.00 253,093.33 60 Days 3 0 0 0 3 560,335.13 0.00 0.00 0.00 560,335.13 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 1 0 1 0.00 0.00 92,264.62 0.00 92,264.62 180+ Days 0 1 1 0 2 0.00 80,855.64 122,276.33 0.00 203,131.97 Totals 4 1 2 0 7 813,428.46 80,855.64 214,540.95 0.00 1,108,825.05 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 1.086957% 0.000000% 0.000000% 0.000000% 1.086957% 1.378115% 0.000000% 0.000000% 0.000000% 1.378115% 60 Days 3.260870% 0.000000% 0.000000% 0.000000% 3.260870% 3.051074% 0.000000% 0.000000% 0.000000% 3.051074% 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% 1.086957% 0.000000% 1.086957% 0.000000% 0.000000% 0.502389% 0.000000% 0.502389% 180+ Days 0.000000% 1.086957% 1.086957% 0.000000% 2.173913% 0.000000% 0.440266% 0.665805% 0.000000% 1.106071% Totals 4.347826% 1.086957% 2.173913% 0.000000% 7.608696% 4.429189% 0.440266% 1.168194% 0.000000% 6.037650%
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 1 0 0 0 1 253,093.33 0.00 0.00 0.00 253,093.33 60 Days 1 0 0 0 1 174,386.93 0.00 0.00 0.00 174,386.93 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 2 0 0 0 2 427,480.26 0.00 0.00 0.00 427,480.26 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.408451% 0.000000% 0.000000% 0.000000% 1.408451% 1.623210% 0.000000% 0.000000% 0.000000% 1.623210% 60 Days 1.408451% 0.000000% 0.000000% 0.000000% 1.408451% 1.118428% 0.000000% 0.000000% 0.000000% 1.118428% 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 2.816901% 0.000000% 0.000000% 0.000000% 2.816901% 2.741637% 0.000000% 0.000000% 0.000000% 2.741637% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 2 0 0 0 2 385,948.20 0.00 0.00 0.00 385,948.20 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 1 0 1 0.00 0.00 92,264.62 0.00 92,264.62 180 Days 0 1 1 0 2 0.00 80,855.64 122,276.33 0.00 203,131.97 Totals 2 1 2 0 5 385,948.20 80,855.64 214,540.95 0.00 681,344.79 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 9.523810% 0.000000% 0.000000% 0.000000% 9.523810% 13.917950% 0.000000% 0.000000% 0.000000% 13.917950% 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% 4.761905% 0.000000% 4.761905% 0.000000% 0.000000% 3.327220% 0.000000% 3.327220% 180 Days 0.000000% 4.761905% 4.761905% 0.000000% 9.523810% 0.000000% 2.915792% 4.409493% 0.000000% 7.325285% Totals 9.523810% 4.761905% 9.523810% 0.000000% 23.809524% 13.917950% 2.915792% 7.736712% 0.000000% 24.570455%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 6,791.83
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 22,018,651.00 21.52894269% 5,600,829.76 30.57667038% 69.423330% 81.715878% Class 2A 4,602,551.00 4.50018744% 3,361,834.15 18.35329747% 12.223373% 12.177302% Class R-I 4,602,501.00 4.50013855% 3,361,834.15 18.35329747% 0.000000% 0.000000% Class R-II 4,602,451.00 4.50008967% 3,361,834.15 18.35329747% 0.000000% 0.000000% Class B-1 3,324,051.00 3.25012207% 2,316,224.65 12.64499024% 5.708307% 5.686792% Class B-2 2,301,251.00 2.25006977% 1,479,671.62 8.07798725% 4.567003% 4.549789% Class B-3 1,534,251.00 1.50012832% 852,338.64 4.65318154% 3.424806% 3.411897% Class B-4 664,851.00 0.65006431% 141,252.21 0.77113972% 3.882042% 3.867410% Class B-5 358,051.00 0.35008773% 0.00 0.00000000% 0.771140% 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 4.460816% Weighted Average Net Coupon 4.162202% Weighted Average Pass-Through Rate 4.158760% Weighted Average Maturity (Stepdown Calculation) 315 Beginning Scheduled Collateral Loan Count 93 Number Of Loans Paid In Full 1 Ending Scheduled Collateral Loan Count 92 Beginning Scheduled Collateral Balance 18,539,686.97 Ending Scheduled Collateral Balance 18,317,330.47 Ending Actual Collateral Balance at 31-Oct-2004 18,365,177.37 Monthly P &I Constant 112,581.06 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 477,510.18 Class A Optimal Amount 234,116.47 Ending Scheduled Balance for Premium Loans 18,317,330.47 Scheduled Principal 43,662.61 Unscheduled Principal 178,693.89
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 4.388130 4.875626 4.460816 Weighted Average Net Rate 4.104096 4.493807 4.162202 Weighted Average Maturity 275 226 315 Beginning Loan Count 72 21 93 Loans Paid In Full 1 0 1 Ending Loan Count 71 21 92 Beginning Scheduled Balance 15,775,394.72 2,764,292.25 18,539,686.97 Ending scheduled Balance 15,561,847.88 2,755,482.59 18,317,330.47 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 93,888.58 18,692.48 112,581.06 Scheduled Principal 36,201.51 7,461.10 43,662.61 Unscheduled Principal 177,345.33 1,348.56 178,693.89 Scheduled Interest 57,687.07 11,231.38 68,918.45 Servicing Fees 3,733.96 879.55 4,613.51 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 27.19 25.99 53.18 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 53,925.92 10,325.84 64,251.76 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 4.102028 4.482524 4.158760
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