-----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, Jkh9uBXJHsmFvADs+kx/EeGtnP6U6MNI6klJE2rdNQOsu6vSBAONj/lxrYU1M/VU z7LsCbfqGtG8vqewzReqFQ== 0001056404-04-003399.txt : 20041005 0001056404-04-003399.hdr.sgml : 20041005 20041005152834 ACCESSION NUMBER: 0001056404-04-003399 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040927 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041005 DATE AS OF CHANGE: 20041005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2001-7 CENTRAL INDEX KEY: 0001163338 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: 333-51279-17 FILM NUMBER: 041065947 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842064 8-K 1 bst01007_sep.txt SEPT. 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): September 27, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-17 90-0031687 Pooling and Servicing Agreement) (Commission 90-0042382 (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 September 27, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-7 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-7 Trust, relating to the September 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 2001-7 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/29/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-7 Trust, relating to the September 27, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 8/31/04 Distribution Date: 9/27/04 BST Series: 2001-7 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MGL0 SEN 4.30019% 4,347,966.78 15,580.91 26,707.13 II-A 07384MGP1 SEN 2.74081% 43,345,200.71 99,000.90 1,348,178.33 III-A 07384MGU0 SEN 4.03520% 23,209,504.65 78,045.83 486,430.77 IV-A 07384MGQ9 SEN 7.13842% 1,479,794.13 8,802.83 2,106.14 B-1 07384MGR7 SUB 3.96696% 3,392,531.55 11,215.03 36,247.92 B-2 07384MGS5 SUB 3.96696% 1,995,710.87 6,597.42 21,323.42 B-3 07384MGT3 SUB 3.96696% 1,396,956.78 4,618.06 14,925.96 B-4 07384MGV8 SUB 3.96696% 698,512.41 2,309.14 7,463.34 B-5 07384MGW6 SUB 3.96696% 598,686.04 1,979.14 6,396.73 B-6 07384MGX4 SUB 3.96696% 898,228.11 2,969.36 9,597.23 R-I 07384MGM8 RES 6.36472% 0.00 0.00 0.00 R-II 07384MGN6 RES 6.36472% 0.00 0.00 0.00 Totals 81,363,092.03 231,118.62 1,959,376.97
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 4,321,259.65 42,288.04 0.00 II-A 0.00 41,997,022.38 1,447,179.23 0.00 III-A 0.00 22,723,073.89 564,476.60 0.00 IV-A 0.00 1,477,687.99 10,908.97 0.00 B-1 0.00 3,356,283.64 47,462.95 0.00 B-2 0.00 1,974,387.45 27,920.84 0.00 B-3 0.00 1,382,030.82 19,544.02 0.00 B-4 0.00 691,049.07 9,772.48 0.00 B-5 0.00 592,289.31 8,375.87 0.00 B-6 0.00 888,630.88 12,566.59 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 79,403,715.08 2,190,495.59 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) I-A 16,941,900.00 4,347,966.78 20,740.73 5,966.40 0.00 0.00 II-A 59,270,500.00 43,345,200.71 0.00 1,348,178.33 0.00 0.00 III-A 162,837,100.00 23,209,504.65 46,796.57 439,634.19 0.00 0.00 IV-A 41,028,800.00 1,479,794.13 1,900.56 205.58 0.00 0.00 B-1 4,985,500.00 3,392,531.55 5,291.32 30,956.60 0.00 0.00 B-2 2,932,800.00 1,995,710.87 3,112.70 18,210.71 0.00 0.00 B-3 2,052,900.00 1,396,956.78 2,178.83 12,747.13 0.00 0.00 B-4 1,026,500.00 698,512.41 1,089.47 6,373.87 0.00 0.00 B-5 879,800.00 598,686.04 933.77 5,462.97 0.00 0.00 B-6 1,319,993.00 898,228.11 1,400.96 8,196.26 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 Totals 293,275,893.00 81,363,092.03 83,444.91 1,875,932.04 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 26,707.13 4,321,259.65 0.25506346 26,707.13 II-A 1,348,178.33 41,997,022.38 0.70856535 1,348,178.33 III-A 486,430.77 22,723,073.89 0.13954482 486,430.77 IV-A 2,106.14 1,477,687.99 0.03601587 2,106.14 B-1 36,247.92 3,356,283.64 0.67320903 36,247.92 B-2 21,323.42 1,974,387.45 0.67320903 21,323.42 B-3 14,925.96 1,382,030.82 0.67320903 14,925.96 B-4 7,463.34 691,049.07 0.67320903 7,463.34 B-5 6,396.73 592,289.31 0.67320904 6,396.73 B-6 9,597.23 888,630.88 0.67320878 9,597.23 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 1,959,376.97 79,403,715.08 0.27074750 1,959,376.97
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 16,941,900.00 256.63985621 1.22422692 0.35216829 0.00000000 II-A 59,270,500.00 731.31154132 0.00000000 22.74619465 0.00000000 III-A 162,837,100.00 142.53204368 0.28738273 2.69984045 0.00000000 IV-A 41,028,800.00 36.06720474 0.04632258 0.00501063 0.00000000 B-1 4,985,500.00 680.47970113 1.06134189 6.20932705 0.00000000 B-2 2,932,800.00 680.47970199 1.06134070 6.20932556 0.00000000 B-3 2,052,900.00 680.47970189 1.06134249 6.20932827 0.00000000 B-4 1,026,500.00 680.47969800 1.06134437 6.20932294 0.00000000 B-5 879,800.00 680.47969993 1.06134349 6.20933167 0.00000000 B-6 1,319,993.00 680.47944951 1.06133896 6.20932081 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 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 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 1.57639521 255.06346100 0.25506346 1.57639521 II-A 0.00000000 22.74619465 708.56534667 0.70856535 22.74619465 III-A 0.00000000 2.98722324 139.54482050 0.13954482 2.98722324 IV-A 0.00000000 0.05133321 36.01587153 0.03601587 0.05133321 B-1 0.00000000 7.27066894 673.20903420 0.67320903 7.27066894 B-2 0.00000000 7.27066967 673.20903232 0.67320903 7.27066967 B-3 0.00000000 7.27067076 673.20903113 0.67320903 7.27067076 B-4 0.00000000 7.27066732 673.20903069 0.67320903 7.27066732 B-5 0.00000000 7.27066379 673.20903614 0.67320904 7.27066379 B-6 0.00000000 7.27066734 673.20878217 0.67320878 7.27066734 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 16,941,900.00 4.30019% 4,347,966.78 15,580.91 0.00 0.00 II-A 59,270,500.00 2.74081% 43,345,200.71 99,000.89 0.00 0.00 III-A 162,837,100.00 4.03520% 23,209,504.65 78,045.83 0.00 0.00 IV-A 41,028,800.00 7.13842% 1,479,794.13 8,802.83 0.00 0.00 B-1 4,985,500.00 3.96696% 3,392,531.55 11,215.03 0.00 0.00 B-2 2,932,800.00 3.96696% 1,995,710.87 6,597.42 0.00 0.00 B-3 2,052,900.00 3.96696% 1,396,956.78 4,618.06 0.00 0.00 B-4 1,026,500.00 3.96696% 698,512.41 2,309.14 0.00 0.00 B-5 879,800.00 3.96696% 598,686.04 1,979.14 0.00 0.00 B-6 1,319,993.00 3.96696% 898,228.11 2,969.36 0.00 0.00 R-I 50.00 6.36472% 0.00 0.00 0.00 0.00 R-II 50.00 6.36472% 0.00 0.00 0.00 0.00 Totals 293,275,893.00 231,118.61 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 15,580.91 0.00 4,321,259.65 II-A 0.00 0.00 99,000.90 0.00 41,997,022.38 III-A 0.00 0.00 78,045.83 0.00 22,723,073.89 IV-A 0.00 0.00 8,802.83 0.00 1,477,687.99 B-1 0.00 0.00 11,215.03 0.00 3,356,283.64 B-2 0.00 0.00 6,597.42 0.00 1,974,387.45 B-3 0.00 0.00 4,618.06 0.00 1,382,030.82 B-4 0.00 0.00 2,309.14 0.00 691,049.07 B-5 0.00 0.00 1,979.14 0.00 592,289.31 B-6 0.00 0.00 2,969.36 0.00 888,630.88 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 231,118.62 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 16,941,900.00 4.30019% 256.63985621 0.91966722 0.00000000 0.00000000 II-A 59,270,500.00 2.74081% 731.31154132 1.67032318 0.00000000 0.00000000 III-A 162,837,100.00 4.03520% 142.53204368 0.47928777 0.00000000 0.00000000 IV-A 41,028,800.00 7.13842% 36.06720474 0.21455246 0.00000000 0.00000000 B-1 4,985,500.00 3.96696% 680.47970113 2.24952964 0.00000000 0.00000000 B-2 2,932,800.00 3.96696% 680.47970199 2.24952946 0.00000000 0.00000000 B-3 2,052,900.00 3.96696% 680.47970189 2.24952993 0.00000000 0.00000000 B-4 1,026,500.00 3.96696% 680.47969800 2.24952752 0.00000000 0.00000000 B-5 879,800.00 3.96696% 680.47969993 2.24953398 0.00000000 0.00000000 B-6 1,319,993.00 3.96696% 680.47944951 2.24952708 0.00000000 0.00000000 R-I 50.00 6.36472% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.36472% 0.00000000 0.00000000 0.00000000 0.00000000 5) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.00000000 0.00000000 0.91966722 0.00000000 255.06346100 II-A 0.00000000 0.00000000 1.67032335 0.00000000 708.56534667 III-A 0.00000000 0.00000000 0.47928777 0.00000000 139.54482050 IV-A 0.00000000 0.00000000 0.21455246 0.00000000 36.01587153 B-1 0.00000000 0.00000000 2.24952964 0.00000000 673.20903420 B-2 0.00000000 0.00000000 2.24952946 0.00000000 673.20903232 B-3 0.00000000 0.00000000 2.24952993 0.00000000 673.20903113 B-4 0.00000000 0.00000000 2.24952752 0.00000000 673.20903069 B-5 0.00000000 0.00000000 2.24953398 0.00000000 673.20903614 B-6 0.00000000 0.00000000 2.24952708 0.00000000 673.20878217 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 2,218,114.97 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7,752.87 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2,225,867.84 Withdrawals Reimbursement for Servicer Advances 9,832.56 Payment of Service Fee 25,539.69 Payment of Interest and Principal 2,190,495.59 Total Withdrawals (Pool Distribution Amount) 2,225,867.84 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 25,539.69 Special Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 25,539.69
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 1 0 0 1 75,708.09 0.00 0.00 75,708.09 30 Days 1 0 0 0 1 216,296.16 0.00 0.00 0.00 216,296.16 60 Days 1 0 0 0 1 107,887.63 0.00 0.00 0.00 107,887.63 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 1 2 0.00 0.00 462,078.23 488,261.79 950,340.02 Totals 2 1 1 1 5 324,183.79 75,708.09 462,078.23 488,261.79 1,350,231.90 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 0.492611% 0.000000% 0.000000% 0.492611% 0.095249% 0.000000% 0.000000% 0.095249% 30 Days 0.492611% 0.000000% 0.000000% 0.000000% 0.492611% 0.272123% 0.000000% 0.000000% 0.000000% 0.272123% 60 Days 0.492611% 0.000000% 0.000000% 0.000000% 0.492611% 0.135734% 0.000000% 0.000000% 0.000000% 0.135734% 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% 0.492611% 0.492611% 0.985222% 0.000000% 0.000000% 0.581343% 0.614285% 1.195628% Totals 0.985222% 0.492611% 0.492611% 0.492611% 2.463054% 0.407857% 0.095249% 0.581343% 0.614285% 1.698734%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 1 216,296.16 0.00 0.00 0.00 216,296.16 60 Days 1 0 0 0 1 107,887.63 0.00 0.00 0.00 107,887.63 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 2 324,183.79 0.00 0.00 0.00 324,183.79 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.125000% 0.000000% 0.000000% 0.000000% 3.125000% 4.429317% 0.000000% 0.000000% 0.000000% 4.429317% 60 Days 3.125000% 0.000000% 0.000000% 0.000000% 3.125000% 2.209325% 0.000000% 0.000000% 0.000000% 2.209325% 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 6.250000% 0.000000% 0.000000% 0.000000% 6.250000% 6.638642% 0.000000% 0.000000% 0.000000% 6.638642% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 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 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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 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 1 1 2 0.00 0.00 462,078.23 488,261.79 950,340.02 Totals 0 0 1 1 2 0.00 0.00 462,078.23 488,261.79 950,340.02 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 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% 1.449275% 1.449275% 2.898551% 0.000000% 0.000000% 1.657554% 1.751479% 3.409034% Totals 0.000000% 0.000000% 1.449275% 1.449275% 2.898551% 0.000000% 0.000000% 1.657554% 1.751479% 3.409034% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV 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 1 0 0 1 75,708.09 0.00 0.00 75,708.09 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 1 0 0 1 0.00 75,708.09 0.00 0.00 75,708.09 0-29 Days 11.111111% 0.000000% 0.000000% 11.111111% 3.328865% 0.000000% 0.000000% 3.328865% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 11.111111% 0.000000% 0.000000% 11.111111% 0.000000% 3.328865% 0.000000% 0.000000% 3.328865%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7,752.87
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 276,333,993.00 94.22322107% 75,082,455.43 94.55786213% 5.442138% 0.000000% Class 2A 217,063,493.00 74.01341132% 33,085,433.05 41.66736155% 52.890501% 472.690790% Class 3A 54,226,393.00 18.48989102% 10,362,359.16 13.05021956% 28.617142% 255.755936% Class R-I 13,197,543.00 4.50004358% 8,884,671.17 11.18923864% 0.000000% 0.000000% Class R-II 13,197,493.00 4.50002653% 8,884,671.17 11.18923864% 0.000000% 0.000000% Class B-1 8,211,993.00 2.80009138% 5,528,387.53 6.96237893% 4.226860% 37.776115% Class B-2 5,279,193.00 1.80007738% 3,554,000.08 4.47586121% 2.486518% 22.222403% Class B-3 3,226,293.00 1.10008803% 2,171,969.26 2.73534967% 1.740512% 15.555228% Class B-4 2,199,793.00 0.75007631% 1,480,920.19 1.86505151% 0.870298% 7.777993% Class B-5 1,319,993.00 0.45008575% 888,630.88 1.11913011% 0.745921% 6.666418% Class B-6 0.00 0.00000000% 0.00 0.00000000% 1.119130% 10.001843% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 3.785377% Weighted Average Net Coupon 3.408700% Weighted Average Pass-Through Rate 3.408700% Weighted Average Maturity(Stepdown Calculation ) 320 Beginning Scheduled Collateral Loan Count 206 Number Of Loans Paid In Full 3 Ending Scheduled Collateral Loan Count 203 Beginning Scheduled Collateral Balance 81,363,092.04 Ending Scheduled Collateral Balance 79,403,715.08 Ending Actual Collateral Balance at 31-Aug-2004 79,484,594.42 Monthly P &I Constant 340,103.24 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2,064,852.84 Ending Scheduled Balance for Premium Loans 79,403,715.08 Scheduled Principal 83,444.92 Unscheduled Principal 1,875,932.04
Group Level Collateral Statement Group Group I Group II Group III Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 4.675193 3.115813 4.410200 Weighted Average Net Rate 4.300195 2.740813 4.035200 Weighted Average Maturity 253 265 320 Beginning Loan Count 32 95 70 Loans Paid In Full 0 2 1 Ending Loan Count 32 93 69 Beginning Scheduled Balance 4,893,729.48 45,835,739.81 28,359,083.41 Ending scheduled Balance 4,864,066.60 44,449,911.16 27,818,368.36 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 42,410.08 119,012.98 161,403.86 Scheduled Principal 23,344.14 0.00 57,179.50 Unscheduled Principal 6,318.74 1,385,828.65 483,535.55 Scheduled Interest 19,065.94 119,012.98 104,224.36 Servicing Fees 1,529.28 14,323.67 8,862.22 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 0.00 0.00 0.00 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 17,536.66 104,689.31 95,362.14 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 4.300193 2.740813 4.035200
Group Level Collateral Statement Group Group IV Total Collateral Description Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 7.573423 3.785377 Weighted Average Net Rate 7.138423 3.408700 Weighted Average Maturity 320 320 Beginning Loan Count 9 206 Loans Paid In Full 0 3 Ending Loan Count 9 203 Beginning Scheduled Balance 2,274,539.34 81,363,092.04 Ending scheduled Balance 2,271,368.96 79,403,715.08 Record Date 08/31/2004 08/31/2004 Principal And Interest Constant 17,276.32 340,103.24 Scheduled Principal 2,921.28 83,444.92 Unscheduled Principal 249.10 1,875,932.04 Scheduled Interest 14,355.04 256,658.32 Servicing Fees 824.52 25,539.69 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 13,530.52 231,118.63 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 7.138423 3.408700
Miscellaneous Reporting Group Group I Senior Percentage Group I 88.847714% Senior Prep. Percentage Group I 94.423857% Subordinate Percentage Group I 11.152286% Subordinate Prep. Percentage Group I 5.576143% Group Group II Senior Percentage Group II 94.566382% Senior Prep. Percentage Group II 97.283191% Subordinate Percentage Group II 5.433618% Subordinate Prep. Percentage Group II 2.716809% Group Group III Senior Percentage Group III 81.841519% Senior Prep. Percentage Group III 90.920760% Subordinate Percentage Group III 18.158481% Subordinate Prep. Percentage Group III 9.079240%
Miscellaneous Reporting Group Group IV Senior Percentage Group IV 65.059069% Senior Prep. Percentage Group IV 82.529535% Subordinate Percentage Group IV 34.940931% Subordinate Prep. Percentage Group IV 17.470465%
-----END PRIVACY-ENHANCED MESSAGE-----