-----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, AJGdEPaqbL6XDHU7RRqXDP9gDMEr2xP78DD8ZHVT8g4xb2J4Zowzyz32CWqGa46n WjfeHsKtCKUWqRICXuKcXw== 0001056404-05-000225.txt : 20050105 0001056404-05-000225.hdr.sgml : 20050105 20050105085151 ACCESSION NUMBER: 0001056404-05-000225 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041227 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050105 DATE AS OF CHANGE: 20050105 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: 05510455 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_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 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 Pooling and Servicing Agreement) (Commission 90-0031696 (State or other File Number) 90-0042385 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2004 a distribution was made to holders of 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 December 27, 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: 12/30/2004 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 December 27, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Bear Stearns ARM Trust Mortgage Pass-Through Certificates 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 4.11935% 12,716,500.70 43,653.05 292,808.43 II-A 07384MCY6 SEN 4.54582% 2,238,995.61 8,481.72 236,192.37 R-I 07384MCZ3 SEN 7.12143% 0.00 0.00 0.00 R-II 07384MDU3 SEN 7.12143% 0.00 0.00 0.00 B-1 07384MDA7 SUB 4.18487% 1,045,609.50 3,646.45 37,323.12 B-2 07384MDB5 SUB 4.18487% 836,553.03 2,917.38 29,860.83 B-3 07384MDC3 SUB 4.18487% 627,332.98 2,187.75 22,392.70 B-4 07384MEB4 SUB 4.18487% 711,086.43 2,479.83 25,382.29 B-5 07384MEC2 SUB 4.18487% 141,252.21 492.60 5,042.01 B-6 07384MED0 SUB 6.54793% 0.00 0.00 0.00 Totals 18,317,330.46 63,858.78 649,001.75
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 12,423,692.27 336,461.48 0.00 II-A 0.00 2,002,803.24 244,674.09 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 1,008,286.38 40,969.57 0.00 B-2 0.00 806,692.20 32,778.21 0.00 B-3 0.00 604,940.28 24,580.45 0.00 B-4 0.00 685,704.14 27,862.12 0.00 B-5 0.00 136,210.20 5,534.61 130,058.78 B-6 0.00 0.00 0.00 347,452.00 Totals 0.00 17,668,328.71 712,860.53 477,510.78 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 12,716,500.70 28,424.21 264,384.22 0.00 0.00 II-A 17,416,100.00 2,238,995.61 6,049.04 230,143.33 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 1,045,609.50 2,412.10 34,911.02 0.00 0.00 B-2 1,022,800.00 836,553.03 1,929.83 27,931.00 0.00 0.00 B-3 767,000.00 627,332.98 1,447.19 20,945.52 0.00 0.00 B-4 869,400.00 711,086.43 1,640.39 23,741.90 0.00 0.00 B-5 306,800.00 141,252.21 325.85 4,716.16 0.00 0.00 B-6 358,051.00 0.00 0.00 0.00 0.00 0.00 Totals 102,274,651.00 18,317,330.46 42,228.61 606,773.15 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 292,808.43 12,423,692.27 0.15480079 292,808.43 II-A 236,192.37 2,002,803.24 0.11499723 236,192.37 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 37,323.12 1,008,286.38 0.78870962 37,323.12 B-2 29,860.83 806,692.20 0.78870962 29,860.83 B-3 22,392.70 604,940.28 0.78870962 22,392.70 B-4 25,382.29 685,704.14 0.78870962 25,382.29 B-5 5,042.01 136,210.20 0.44397066 5,042.01 B-6 0.00 0.00 0.00000000 0.00 Totals 649,001.75 17,668,328.71 0.17275374 649,001.75
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 80,256,000.00 158.44922124 0.35416928 3.29426111 0.00000000 II-A 17,416,100.00 128.55895465 0.34732460 13.21440104 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 1,278,400.00 817.90480288 1.88681164 27.30836984 0.00000000 B-2 1,022,800.00 817.90480055 1.88681072 27.30836918 0.00000000 B-3 767,000.00 817.90479791 1.88681877 27.30837027 0.00000000 B-4 869,400.00 817.90479641 1.88680699 27.30837359 0.00000000 B-5 306,800.00 460.40485658 1.06209257 15.37209909 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 3.64843040 154.80079084 0.15480079 3.64843040 II-A 0.00000000 13.56172564 114.99722900 0.11499723 13.56172564 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 29.19518148 788.70962140 0.78870962 29.19518148 B-2 0.00000000 29.19517990 788.70962065 0.78870962 29.19517990 B-3 0.00000000 29.19517601 788.70962190 0.78870962 29.19517601 B-4 0.00000000 29.19518058 788.70961583 0.78870962 29.19518058 B-5 0.00000000 16.43419166 443.97066493 0.44397066 16.43419166 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 4.11935% 12,716,500.70 43,653.06 0.00 0.00 II-A 17,416,100.00 4.54582% 2,238,995.61 8,481.72 0.00 0.00 R-I 50.00 7.12143% 0.00 0.00 0.00 0.00 R-II 50.00 7.12143% 0.00 0.00 0.00 0.00 B-1 1,278,400.00 4.18487% 1,045,609.50 3,646.45 0.00 0.00 B-2 1,022,800.00 4.18487% 836,553.03 2,917.39 0.00 0.00 B-3 767,000.00 4.18487% 627,332.98 2,187.75 0.00 0.00 B-4 869,400.00 4.18487% 711,086.43 2,479.83 0.00 0.00 B-5 306,800.00 4.18487% 141,252.21 492.60 0.00 0.00 B-6 358,051.00 6.54793% 0.00 0.00 0.00 0.00 Totals 102,274,651.00 63,858.80 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 0.01 0.00 43,653.05 0.00 12,423,692.27 II-A 0.00 0.00 8,481.72 0.00 2,002,803.24 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 3,646.45 0.00 1,008,286.38 B-2 0.00 0.00 2,917.38 0.00 806,692.20 B-3 0.00 0.00 2,187.75 0.00 604,940.28 B-4 0.00 0.00 2,479.83 0.00 685,704.14 B-5 0.00 0.00 492.60 0.00 136,210.20 B-6 0.00 0.00 0.00 0.00 0.00 Totals 0.01 0.00 63,858.78 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 4.11935% 158.44922124 0.54392270 0.00000000 0.00000000 II-A 17,416,100.00 4.54582% 128.55895465 0.48700455 0.00000000 0.00000000 R-I 50.00 7.12143% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 7.12143% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,278,400.00 4.18487% 817.90480288 2.85235451 0.00000000 0.00000000 B-2 1,022,800.00 4.18487% 817.90480055 2.85235628 0.00000000 0.00000000 B-3 767,000.00 4.18487% 817.90479791 2.85234681 0.00000000 0.00000000 B-4 869,400.00 4.18487% 817.90479641 2.85234645 0.00000000 0.00000000 B-5 306,800.00 4.18487% 460.40485658 1.60560626 0.00000000 0.00000000 B-6 358,051.00 6.54793% 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 0.00000012 0.00000000 0.54392257 0.00000000 154.80079084 II-A 0.00000000 0.00000000 0.48700455 0.00000000 114.99722900 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 2.85235451 0.00000000 788.70962140 B-2 0.00000000 0.00000000 2.85234650 0.00000000 788.70962065 B-3 0.00000000 0.00000000 2.85234681 0.00000000 788.70962190 B-4 0.00000000 0.00000000 2.85234645 0.00000000 788.70961583 B-5 0.00000000 0.00000000 1.60560626 0.00000000 443.97066493 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 715,851.94 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 8,347.05 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 724,198.99 Withdrawals Reimbursement for Servicer Advances 6,791.83 Payment of Service Fee 4,546.61 Payment of Interest and Principal 712,860.55 Total Withdrawals (Pool Distribution Amount) 724,198.99 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 0.01
SERVICING FEES Gross Servicing Fee 4,546.61 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 4,546.61
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 5 0 0 0 5 911,622.36 0.00 0.00 0.00 911,622.36 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 174,386.93 0.00 0.00 0.00 174,386.93 120 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 3 0 3 0.00 0.00 295,396.59 0.00 295,396.59 Totals 6 0 3 0 9 1,086,009.29 0.00 295,396.59 0.00 1,381,405.88 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 5.555556% 0.000000% 0.000000% 0.000000% 5.555556% 5.146422% 0.000000% 0.000000% 0.000000% 5.146422% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 1.111111% 0.000000% 0.000000% 0.000000% 1.111111% 0.984474% 0.000000% 0.000000% 0.000000% 0.984474% 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% 3.333333% 0.000000% 3.333333% 0.000000% 0.000000% 1.667615% 0.000000% 1.667615% Totals 6.666667% 0.000000% 3.333333% 0.000000% 10.000000% 6.130896% 0.000000% 1.667615% 0.000000% 7.798511%
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 4 0 0 0 4 811,307.08 0.00 0.00 0.00 811,307.08 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 174,386.93 0.00 0.00 0.00 174,386.93 120 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 5 0 0 0 5 985,694.01 0.00 0.00 0.00 985,694.01 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.714286% 0.000000% 0.000000% 0.000000% 5.714286% 5.325983% 0.000000% 0.000000% 0.000000% 5.325983% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 1.428571% 0.000000% 0.000000% 0.000000% 1.428571% 1.144797% 0.000000% 0.000000% 0.000000% 1.144797% 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 7.142857% 0.000000% 0.000000% 0.000000% 7.142857% 6.470779% 0.000000% 0.000000% 0.000000% 6.470779% 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 1 0 0 0 1 100,315.28 0.00 0.00 0.00 100,315.28 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 3 0 3 0.00 0.00 295,396.59 0.00 295,396.59 Totals 1 0 3 0 4 100,315.28 0.00 295,396.59 0.00 395,711.87 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.000000% 0.000000% 0.000000% 0.000000% 5.000000% 4.043814% 0.000000% 0.000000% 0.000000% 4.043814% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 15.000000% 0.000000% 15.000000% 0.000000% 0.000000% 11.907745% 0.000000% 11.907745% Totals 5.000000% 0.000000% 15.000000% 0.000000% 20.000000% 4.043814% 0.000000% 11.907745% 0.000000% 15.951559%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8,347.05
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 22,018,651.00 21.52894269% 5,244,636.44 29.68382877% 70.316171% 81.715878% Class 2A 4,602,551.00 4.50018744% 3,241,833.20 18.34827308% 11.335556% 11.295923% Class R-I 4,602,501.00 4.50013855% 3,241,833.20 18.34827308% 0.000000% 0.000000% Class R-II 4,602,451.00 4.50008967% 3,241,833.20 18.34827308% 0.000000% 0.000000% Class B-1 3,324,051.00 3.25012207% 2,233,546.82 12.64152856% 5.706745% 5.686792% Class B-2 2,301,251.00 2.25006977% 1,426,854.62 8.07577583% 4.565753% 4.549789% Class B-3 1,534,251.00 1.50012832% 821,914.34 4.65190768% 3.423868% 3.411897% Class B-4 664,851.00 0.65006431% 136,210.20 0.77092860% 3.880979% 3.867410% Class B-5 358,051.00 0.35008773% 0.00 0.00000000% 0.770929% 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 4.484336% Weighted Average Net Coupon 4.186480% Weighted Average Pass-Through Rate 4.183500% Weighted Average Maturity(Stepdown Calculation ) 314 Beginning Scheduled Collateral Loan Count 92 Number Of Loans Paid In Full 2 Ending Scheduled Collateral Loan Count 90 Beginning Scheduled Collateral Balance 18,317,330.47 Ending Scheduled Collateral Balance 17,668,328.71 Ending Actual Collateral Balance at 30-Nov-2004 17,713,712.36 Monthly P &I Constant 110,679.51 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 477,510.18 Class A Optimal Amount 581,135.58 Ending Scheduled Balance for Premium Loans 17,668,328.71 Scheduled Principal 42,228.62 Unscheduled Principal 606,773.14
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 4.403843 4.938927 4.484336 Weighted Average Net Rate 4.120856 4.557098 4.186480 Weighted Average Maturity 274 225 314 Beginning Loan Count 71 21 92 Loans Paid In Full 1 1 2 Ending Loan Count 70 20 90 Beginning Scheduled Balance 15,561,847.88 2,755,482.59 18,317,330.47 Ending scheduled Balance 15,203,522.87 2,464,805.84 17,668,328.71 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 91,894.15 18,785.36 110,679.51 Scheduled Principal 34,784.20 7,444.42 42,228.62 Unscheduled Principal 323,540.81 283,232.33 606,773.14 Scheduled Interest 57,109.95 11,340.94 68,450.89 Servicing Fees 3,669.84 876.77 4,546.61 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 19.58 25.91 45.49 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 53,420.53 10,438.26 63,858.79 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 4.119346 4.545816 4.183500
-----END PRIVACY-ENHANCED MESSAGE-----