-----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, QLygnAkwLykKxWVUwI1p2wcJbXp87qrzI7eAlPnquYkwbTFZ4hbVTSqH5093SDRm 1RpRj/O4fD5n58gMGL+bGA== 0001056404-04-003391.txt : 20041005 0001056404-04-003391.hdr.sgml : 20041005 20041005121135 ACCESSION NUMBER: 0001056404-04-003391 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 2002-7 CENTRAL INDEX KEY: 0001176457 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68542-04 FILM NUMBER: 041064970 BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 11201 8-K 1 bst02007_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 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-04 90-0072891 Pooling and Servicing Agreement) (Commission 90-0073006 (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 2002-7 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 2002-7 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 2002-7 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 2002-7 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: 2002-7 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 07384MMR0 SEN 5.55441% 11,219,880.19 51,933.19 1,043,945.03 II-A 07384MMS8 SEN 5.86189% 4,324,214.73 21,123.39 5,441.19 III-A 07384MMT6 SEN 5.88986% 6,137,100.82 30,122.22 211,697.89 IV-A 07384MMU3 SEN 6.84718% 1,601,811.78 9,139.91 432,572.96 V-A-1 07384MMV1 SEN 5.33644% 6,367,095.50 28,314.67 105,603.13 V-A-2 07384MNE8 SEN 5.83144% 13,356,356.29 64,905.62 221,525.35 V-X 07384MNF5 SEN 0.49500% 0.00 2,626.43 0.00 VI-A 07384MMW9 SEN 5.60162% 12,165,942.80 56,790.84 148,187.87 VI-X 07384MNG3 SEN 0.47900% 0.00 4,856.24 0.00 VII-A 07384MMX7 SEN 5.58700% 9,649,213.93 44,925.16 12,300.38 VII-X 07384MNH1 SEN 0.64700% 0.00 5,202.53 0.00 B-1 07384MNB4 SUB 5.94821% 4,254,123.17 21,087.02 81,106.01 B-2 07384MNC2 SUB 5.94821% 2,892,943.86 14,339.87 55,154.76 B-3 07384MND0 SUB 5.94821% 1,701,659.14 8,434.86 32,442.59 B-4 07384MNJ7 SUB 5.94821% 850,854.23 4,217.55 16,221.77 B-5 07384MNL2 SUB 5.94821% 680,663.65 3,373.94 12,977.04 B-6 07384MNN8 SUB 5.94821% 680,818.29 3,374.71 12,979.99 R-I 07384MMZ2 SEN 5.64162% 0.00 0.00 0.00 R-II 07384MNA6 SEN 5.64162% 0.00 0.00 0.00 Totals 75,882,678.38 374,768.15 2,392,155.96
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 10,175,935.16 1,095,878.22 0.00 II-A 0.00 4,318,773.55 26,564.58 0.00 III-A 0.00 5,925,402.93 241,820.11 0.00 IV-A 0.00 1,169,238.82 441,712.87 0.00 V-A-1 0.00 6,261,492.37 133,917.80 0.00 V-A-2 0.00 13,134,830.95 286,430.97 0.00 V-X 0.00 0.00 2,626.43 0.00 VI-A 0.00 12,017,754.94 204,978.71 0.00 VI-X 0.00 0.00 4,856.24 0.00 VII-A 0.00 9,636,913.55 57,225.54 0.00 VII-X 0.00 0.00 5,202.53 0.00 B-1 0.00 4,173,017.16 102,193.03 0.00 B-2 0.00 2,837,789.10 69,494.63 0.00 B-3 0.00 1,669,216.54 40,877.45 0.00 B-4 0.00 834,632.47 20,439.32 0.00 B-5 0.00 667,686.62 16,350.98 0.00 B-6 0.00 667,838.30 16,354.70 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 73,490,522.46 2,766,924.11 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 129,498,400.00 11,219,880.19 14,274.79 1,029,670.25 0.00 0.00 II-A 59,280,900.00 4,324,214.73 5,122.81 318.38 0.00 0.00 III-A 30,541,200.00 6,137,100.82 2,983.44 208,714.45 0.00 0.00 IV-A 46,458,500.00 1,601,811.78 2,827.50 429,745.46 0.00 0.00 V-A-1 70,000,000.00 6,367,095.50 8,420.42 97,182.71 0.00 0.00 V-A-2 146,840,100.00 13,356,356.29 17,663.65 203,861.70 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 73,744,800.00 12,165,942.80 1,205.81 146,982.06 0.00 0.00 VI-X 0.00 0.00 0.00 0.00 0.00 0.00 VII-A 111,119,500.00 9,649,213.93 9,647.65 2,652.73 0.00 0.00 VII-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,623,700.00 4,254,123.17 4,544.98 76,561.03 0.00 0.00 B-2 5,864,400.00 2,892,943.86 3,090.74 52,064.02 0.00 0.00 B-3 3,449,500.00 1,701,659.14 1,818.00 30,624.59 0.00 0.00 B-4 1,724,800.00 850,854.23 909.03 15,312.74 0.00 0.00 B-5 1,379,800.00 680,663.65 727.20 12,249.84 0.00 0.00 B-6 1,380,114.00 680,818.29 727.37 12,252.62 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 689,905,814.00 75,882,678.38 73,963.39 2,318,192.58 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 1,043,945.03 10,175,935.16 0.07857962 1,043,945.03 II-A 5,441.19 4,318,773.55 0.07285270 5,441.19 III-A 211,697.89 5,925,402.93 0.19401343 211,697.89 IV-A 432,572.96 1,169,238.82 0.02516738 432,572.96 V-A-1 105,603.13 6,261,492.37 0.08944989 105,603.13 V-A-2 221,525.35 13,134,830.95 0.08944989 221,525.35 V-X 0.00 0.00 0.00000000 0.00 VI-A 148,187.87 12,017,754.94 0.16296410 148,187.87 VI-X 0.00 0.00 0.00000000 0.00 VII-A 12,300.38 9,636,913.55 0.08672567 12,300.38 VII-X 0.00 0.00 0.00000000 0.00 B-1 81,106.01 4,173,017.16 0.48390101 81,106.01 B-2 55,154.76 2,837,789.10 0.48390101 55,154.76 B-3 32,442.59 1,669,216.54 0.48390101 32,442.59 B-4 16,221.77 834,632.47 0.48390101 16,221.77 B-5 12,977.04 667,686.62 0.48390101 12,977.04 B-6 12,979.99 667,838.30 0.48390082 12,979.99 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 2,392,155.96 73,490,522.46 0.10652254 2,392,155.96
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 129,498,400.00 86.64107194 0.11023140 7.95121986 0.00000000 II-A 59,280,900.00 72.94448515 0.08641586 0.00537070 0.00000000 III-A 30,541,200.00 200.94497990 0.09768575 6.83386540 0.00000000 IV-A 46,458,500.00 34.47833615 0.06086077 9.25009331 0.00000000 V-A-1 70,000,000.00 90.95850714 0.12029171 1.38832443 0.00000000 V-A-2 146,840,100.00 90.95850718 0.12029173 1.38832444 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 73,744,800.00 164.97356831 0.01635112 1.99311762 0.00000000 VI-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 111,119,500.00 86.83636922 0.08682229 0.02387277 0.00000000 VII-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,700.00 493.30602526 0.52703364 8.87797929 0.00000000 B-2 5,864,400.00 493.30602619 0.52703431 8.87797899 0.00000000 B-3 3,449,500.00 493.30602696 0.52703290 8.87797942 0.00000000 B-4 1,724,800.00 493.30602389 0.52703502 8.87798006 0.00000000 B-5 1,379,800.00 493.30602261 0.52703290 8.87798232 0.00000000 B-6 1,380,114.00 493.30583560 0.52703617 8.87797675 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
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 8.06145118 78.57962075 0.07857962 8.06145118 II-A 0.00000000 0.09178656 72.85269876 0.07285270 0.09178656 III-A 0.00000000 6.93155115 194.01342875 0.19401343 6.93155115 IV-A 0.00000000 9.31095408 25.16738207 0.02516738 9.31095408 V-A-1 0.00000000 1.50861614 89.44989100 0.08944989 1.50861614 V-A-2 0.00000000 1.50861618 89.44989107 0.08944989 1.50861618 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 2.00946874 162.96409971 0.16296410 2.00946874 VI-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 0.00000000 0.11069506 86.72567416 0.08672567 0.11069506 VII-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 9.40501293 483.90101233 0.48390101 9.40501293 B-2 0.00000000 9.40501330 483.90101289 0.48390101 9.40501330 B-3 0.00000000 9.40501232 483.90101174 0.48390101 9.40501232 B-4 0.00000000 9.40501507 483.90101461 0.48390101 9.40501507 B-5 0.00000000 9.40501522 483.90101464 0.48390101 9.40501522 B-6 0.00000000 9.40501292 483.90082269 0.48390082 9.40501292 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 129,498,400.00 5.55441% 11,219,880.19 51,933.19 0.00 0.00 II-A 59,280,900.00 5.86189% 4,324,214.73 21,123.39 0.00 0.00 III-A 30,541,200.00 5.88986% 6,137,100.82 30,122.22 0.00 0.00 IV-A 46,458,500.00 6.84718% 1,601,811.78 9,139.91 0.00 0.00 V-A-1 70,000,000.00 5.33644% 6,367,095.50 28,314.67 0.00 0.00 V-A-2 146,840,100.00 5.83144% 13,356,356.29 64,905.63 0.00 0.00 V-X 0.00 0.49500% 6,367,095.50 2,626.43 0.00 0.00 VI-A 73,744,800.00 5.60162% 12,165,942.80 56,790.84 0.00 0.00 VI-X 0.00 0.47900% 12,165,942.80 4,856.24 0.00 0.00 VII-A 111,119,500.00 5.58700% 9,649,213.93 44,925.16 0.00 0.00 VII-X 0.00 0.64700% 9,649,213.93 5,202.53 0.00 0.00 B-1 8,623,700.00 5.94821% 4,254,123.17 21,087.02 0.00 0.00 B-2 5,864,400.00 5.94821% 2,892,943.86 14,339.87 0.00 0.00 B-3 3,449,500.00 5.94821% 1,701,659.14 8,434.86 0.00 0.00 B-4 1,724,800.00 5.94821% 850,854.23 4,217.55 0.00 0.00 B-5 1,379,800.00 5.94821% 680,663.65 3,373.94 0.00 0.00 B-6 1,380,114.00 5.94821% 680,818.29 3,374.71 0.00 0.00 R-I 50.00 5.64162% 0.00 0.00 0.00 0.00 R-II 50.00 5.64162% 0.00 0.00 0.00 0.00 Totals 689,905,814.00 374,768.16 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 51,933.19 0.00 10,175,935.16 II-A 0.00 0.00 21,123.39 0.00 4,318,773.55 III-A 0.00 0.00 30,122.22 0.00 5,925,402.93 IV-A 0.00 0.00 9,139.91 0.00 1,169,238.82 V-A-1 0.00 0.00 28,314.67 0.00 6,261,492.37 V-A-2 0.00 0.00 64,905.62 0.00 13,134,830.95 V-X 0.00 0.00 2,626.43 0.00 6,261,492.37 VI-A 0.00 0.00 56,790.84 0.00 12,017,754.94 VI-X 0.00 0.00 4,856.24 0.00 12,017,754.94 VII-A 0.00 0.00 44,925.16 0.00 9,636,913.55 VII-X 0.00 0.00 5,202.53 0.00 9,636,913.55 B-1 0.00 0.00 21,087.02 0.00 4,173,017.16 B-2 0.00 0.00 14,339.87 0.00 2,837,789.10 B-3 0.00 0.00 8,434.86 0.00 1,669,216.54 B-4 0.00 0.00 4,217.55 0.00 834,632.47 B-5 0.00 0.00 3,373.94 0.00 667,686.62 B-6 0.00 0.00 3,374.71 0.00 667,838.30 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 0.00 374,768.15 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 129,498,400.00 5.55441% 86.64107194 0.40103345 0.00000000 0.00000000 II-A 59,280,900.00 5.86189% 72.94448515 0.35632708 0.00000000 0.00000000 III-A 30,541,200.00 5.88986% 200.94497990 0.98628148 0.00000000 0.00000000 IV-A 46,458,500.00 6.84718% 34.47833615 0.19673278 0.00000000 0.00000000 V-A-1 70,000,000.00 5.33644% 90.95850714 0.40449529 0.00000000 0.00000000 V-A-2 146,840,100.00 5.83144% 90.95850718 0.44201570 0.00000000 0.00000000 V-X 0.00 0.49500% 90.95850714 0.03752043 0.00000000 0.00000000 VI-A 73,744,800.00 5.60162% 164.97356831 0.77009959 0.00000000 0.00000000 VI-X 0.00 0.47900% 164.97356831 0.06585197 0.00000000 0.00000000 VII-A 111,119,500.00 5.58700% 86.83636922 0.40429592 0.00000000 0.00000000 VII-X 0.00 0.64700% 86.83636922 0.04681924 0.00000000 0.00000000 B-1 8,623,700.00 5.94821% 493.30602526 2.44524044 0.00000000 0.00000000 B-2 5,864,400.00 5.94821% 493.30602619 2.44524077 0.00000000 0.00000000 B-3 3,449,500.00 5.94821% 493.30602696 2.44524134 0.00000000 0.00000000 B-4 1,724,800.00 5.94821% 493.30602389 2.44524003 0.00000000 0.00000000 B-5 1,379,800.00 5.94821% 493.30602261 2.44523844 0.00000000 0.00000000 B-6 1,380,114.00 5.94821% 493.30583560 2.44524003 0.00000000 0.00000000 R-I 50.00 5.64162% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.64162% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 0.40103345 0.00000000 78.57962075 II-A 0.00000000 0.00000000 0.35632708 0.00000000 72.85269876 III-A 0.00000000 0.00000000 0.98628148 0.00000000 194.01342875 IV-A 0.00000000 0.00000000 0.19673278 0.00000000 25.16738207 V-A-1 0.00000000 0.00000000 0.40449529 0.00000000 89.44989100 V-A-2 0.00000000 0.00000000 0.44201563 0.00000000 89.44989107 V-X 0.00000000 0.00000000 0.03752043 0.00000000 89.44989100 VI-A 0.00000000 0.00000000 0.77009959 0.00000000 162.96409971 VI-X 0.00000000 0.00000000 0.06585197 0.00000000 162.96409971 VII-A 0.00000000 0.00000000 0.40429592 0.00000000 86.72567416 VII-X 0.00000000 0.00000000 0.04681924 0.00000000 86.72567416 B-1 0.00000000 0.00000000 2.44524044 0.00000000 483.90101233 B-2 0.00000000 0.00000000 2.44524077 0.00000000 483.90101289 B-3 0.00000000 0.00000000 2.44524134 0.00000000 483.90101174 B-4 0.00000000 0.00000000 2.44524003 0.00000000 483.90101461 B-5 0.00000000 0.00000000 2.44523844 0.00000000 483.90101464 B-6 0.00000000 0.00000000 2.44524003 0.00000000 483.90082269 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 2,792,795.09 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 13,163.69 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2,805,958.78 Withdrawals Reimbursement for Servicer Advances 19,057.64 Payment of Service Fee 19,977.04 Payment of Interest and Principal 2,766,924.10 Total Withdrawals (Pool Distribution Amount) 2,805,958.78 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 19,977.04 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 19,977.04
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 3 0 0 0 3 1,410,742.33 0.00 0.00 0.00 1,410,742.33 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 0.00 369,860.01 496,117.44 865,977.45 Totals 3 0 1 1 5 1,410,742.33 0.00 369,860.01 496,117.44 2,276,719.78 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 1.442308% 0.000000% 0.000000% 0.000000% 1.442308% 1.917970% 0.000000% 0.000000% 0.000000% 1.917970% 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% 0.480769% 0.480769% 0.961538% 0.000000% 0.000000% 0.502842% 0.674495% 1.177337% Totals 1.442308% 0.000000% 0.480769% 0.480769% 2.403846% 1.917970% 0.000000% 0.502842% 0.674495% 3.095307%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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 0.00 369,860.01 496,117.44 865,977.45 Totals 0 0 1 1 2 0.00 0.00 369,860.01 496,117.44 865,977.45 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% 4.000000% 4.000000% 8.000000% 0.000000% 0.000000% 3.065729% 4.112263% 7.177992% Totals 0.000000% 0.000000% 4.000000% 4.000000% 8.000000% 0.000000% 0.000000% 3.065729% 4.112263% 7.177992% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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 3 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 1 537,785.56 0.00 0.00 0.00 537,785.56 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 1 0 0 0 1 537,785.56 0.00 0.00 0.00 537,785.56 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% 8.219409% 0.000000% 0.000000% 0.000000% 8.219409% 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 3.125000% 0.000000% 0.000000% 0.000000% 3.125000% 8.219409% 0.000000% 0.000000% 0.000000% 8.219409% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 5 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 1 356,573.39 0.00 0.00 0.00 356,573.39 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 1 0 0 0 1 356,573.39 0.00 0.00 0.00 356,573.39 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.666667% 0.000000% 0.000000% 0.000000% 1.666667% 1.549053% 0.000000% 0.000000% 0.000000% 1.549053% 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 1.666667% 0.000000% 0.000000% 0.000000% 1.666667% 1.549053% 0.000000% 0.000000% 0.000000% 1.549053% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 6 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 1 516,383.38 0.00 0.00 0.00 516,383.38 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 1 0 0 0 1 516,383.38 0.00 0.00 0.00 516,383.38 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.083333% 0.000000% 0.000000% 0.000000% 2.083333% 3.840674% 0.000000% 0.000000% 0.000000% 3.840674% 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 2.083333% 0.000000% 0.000000% 0.000000% 2.083333% 3.840674% 0.000000% 0.000000% 0.000000% 3.840674% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 7 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%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 13,163.69
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 560,407,414.00 81.22955375% 63,314,587.30 86.15340481% 13.846595% 0.000000% Class 2A 501,126,514.00 72.63694606% 58,995,813.75 80.27676465% 5.876640% 39.803703% Class 3A 470,585,314.00 68.21008092% 53,070,410.82 72.21395229% 8.062812% 54.611102% Class B-1 13,798,714.00 2.00008664% 6,677,163.03 9.08574712% 5.678307% 38.460349% Class B-2 7,934,314.00 1.15005756% 3,839,373.93 5.22431166% 3.861435% 26.154304% Class B-3 4,484,814.00 0.65006178% 2,170,157.39 2.95297586% 2.271336% 15.384229% Class B-4 2,760,014.00 0.40005664% 1,335,524.92 1.81727504% 1.135701% 7.692337% Class B-5 1,380,214.00 0.20005832% 667,838.30 0.90874072% 0.908534% 6.153692% Class B-6 100.00 0.00001449% 0.00 0.00000000% 0.908741% 6.155089% Class R-I 50.00 0.00000725% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 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 6.242455% Weighted Average Net Coupon 5.926541% Weighted Average Pass-Through Rate 5.926541% Weighted Average Maturity(Stepdown Calculation ) 330 Beginning Scheduled Collateral Loan Count 214 Number Of Loans Paid In Full 6 Ending Scheduled Collateral Loan Count 208 Beginning Scheduled Collateral Balance 75,882,678.40 Ending Scheduled Collateral Balance 73,490,522.45 Ending Actual Collateral Balance at 31-Aug-2004 73,553,925.33 Monthly P &I Constant 468,708.58 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2,501,214.01 Ending Scheduled Balance for Premium Loans 73,490,522.45 Scheduled Principal 73,963.39 Unscheduled Principal 2,318,192.56
Miscellaneous Reporting Average Loss Severity Group 1 0 Senior Percentage Group 1 85.194545% Senior Prepayment Percentage Grp 1 92.597273% Subordinate Percentage Group 1 14.805455% Subordinate Prepayment Pct Group 1 7.402727% Average Loss Severity Group 2 0 Senior Percentage Group 2 82.525307% Senior Prepayment Percentage Grp 2 91.262653% Subordinate Percentage Group 2 17.474693% Subordinate Prepayment Pct Group 2 8.737347% Average Loss Severity Group 3 0 Senior Percentage Group 3 90.763848% Senior Prepayment Percentage Grp 3 95.381924% Subordinate Percentage Group 3 9.236152% Subordinate Prepayment Pct Group 3 4.618076% Average Loss Severity Group 4 0 Senior Percentage Group 4 71.018318% Senior Prepayment Percentage Grp 4 85.509159% Subordinate Percentage Group 4 28.981682% Subordinate Prepayment Pct Group 4 14.490841% Average Loss Severity Group 5 0 Senior Percentage Group 5 84.458490% Senior Prepayment Percentage Grp 5 92.229245% Subordinate Percentage Group 5 15.541510% Subordinate Prepayment Pct Group 5 7.770755% Average Loss Severity Group 6 0 Senior Percentage Group 6 89.446509% Senior Prepayment Percentage Grp 6 94.723255% Subordinate Percentage Group 6 10.553491% Subordinate Prepayment Pct Group 6 5.276745% Average Loss Severity Group 7 0 Senior Percentage Group 7 83.893107% Senior Prepayment Percentage Grp 7 91.946554% Subordinate Percentage Group 7 16.106893% Subordinate Prepayment Pct Group 7 8.053446%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.923519 6.120611 6.213059 Weighted Average Net Rate 5.554411 5.861888 5.889859 Weighted Average Maturity 331 329 331 Beginning Loan Count 27 12 33 Loans Paid In Full 2 0 1 Ending Loan Count 25 12 32 Beginning Scheduled Balance 13,169,716.63 5,239,865.08 6,761,613.74 Ending scheduled Balance 12,040,973.45 5,233,308.66 6,539,506.99 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 81,764.74 32,933.54 38,295.63 Scheduled Principal 16,755.52 6,207.56 3,287.04 Unscheduled Principal 1,111,987.66 348.86 218,819.71 Scheduled Interest 65,009.22 26,725.98 35,008.59 Servicing Fees 4,050.87 1,129.73 1,821.13 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 60,958.35 25,596.25 33,187.46 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 5.554411 5.861888 5.889859
Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.097181 6.096561 6.444771 Weighted Average Net Rate 6.847183 5.831437 6.080622 Weighted Average Maturity 318 330 332 Beginning Loan Count 5 61 49 Loans Paid In Full 1 1 1 Ending Loan Count 4 60 48 Beginning Scheduled Balance 2,255,491.01 23,352,834.87 13,601,361.19 Ending scheduled Balance 1,748,937.21 22,995,542.14 13,444,843.13 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 17,321.06 149,527.20 74,396.13 Scheduled Principal 3,981.37 30,883.89 1,348.08 Unscheduled Principal 502,572.43 326,408.84 155,169.98 Scheduled Interest 13,339.69 118,643.31 73,048.05 Servicing Fees 469.89 5,159.49 4,127.44 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 12,869.80 113,483.82 68,920.61 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 6.847181 5.831437 6.080622
Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.569793 6.242455 Weighted Average Net Rate 6.234003 5.926541 Weighted Average Maturity 331.00 330.00 Record Date 08/31/2004 08/31/2004 Principal And Interest Constant 74,470.28 468,708.58 Beginning Loan Count 27 214 Loans Paid In Full 0 6 Ending Loan Count 27 208 Beginning Scheduled Balance 11,501,795.88 75,882,678.40 Ending Scheduled Balance 11,487,410.87 73,490,522.45 Scheduled Principal 11,499.93 73,963.39 Unscheduled Principal 2,885.08 2,318,192.56 Scheduled Interest 62,970.35 394,745.19 Servicing Fee 3,218.49 19,977.04 Master Servicing Fee 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 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 59,751.86 374,768.15 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 6.234004 5.926541
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