-----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, SSez4yFRPhRh3N9TRDPCUVtnkx826JlU69mZ7Ljs8MzB20xme3g05IQuMhU5vnuj 3BEFwLI53Vstii3/okr/Lg== 0001056404-05-000263.txt : 20050105 0001056404-05-000263.hdr.sgml : 20050105 20050105141457 ACCESSION NUMBER: 0001056404-05-000263 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 2002-7 CENTRAL INDEX KEY: 0001176457 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 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: 05511818 BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 11201 8-K 1 bst02007_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 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-04 Pooling and Servicing Agreement) (Commission 90-0072891 (State or other File Number) 90-0073006 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 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 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 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: 12/30/2004 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 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 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 5.53972% 9,124,418.81 42,122.31 9,124,418.81 II-A 07384MMS8 SEN 5.89410% 3,921,694.61 19,262.38 3,921,694.61 III-A 07384MMT6 SEN 5.96720% 5,299,644.83 26,353.39 5,299,644.83 IV-A 07384MMU3 SEN 6.95224% 1,044,434.80 6,050.97 1,044,434.80 V-A-1 07384MMV1 SEN 5.27337% 5,470,865.67 24,041.60 5,470,865.67 V-A-2 07384MNE8 SEN 5.76837% 11,476,320.89 55,166.43 11,476,320.89 V-X 07384MNF5 SEN 0.49500% 0.00 2,256.73 0.00 VI-A 07384MMW9 SEN 5.57487% 11,051,782.39 51,343.58 11,051,782.39 VI-X 07384MNG3 SEN 0.47900% 0.00 4,411.50 0.00 VII-A 07384MMX7 SEN 5.58111% 9,213,115.60 42,849.53 9,213,115.60 VII-X 07384MNH1 SEN 0.64700% 0.00 4,967.40 0.00 B-1 07384MNB4 SUB 5.93264% 3,981,399.10 19,683.52 3,981,399.10 B-2 07384MNC2 SUB 5.93264% 2,707,482.51 13,385.44 2,707,482.51 B-3 07384MND0 SUB 5.93264% 1,592,568.88 7,873.45 1,592,568.88 B-4 07384MNJ7 SUB 5.93264% 796,307.52 3,936.84 796,307.52 B-5 07384MNL2 SUB 5.93264% 637,027.55 3,149.38 637,027.55 B-6 07384MNN8 SUB 5.93264% 637,172.27 3,150.10 563,152.31 R-I 07384MMZ2 SEN 0.00000% 0.00 0.00 0.00 R-II 07384MNA6 SEN 0.00000% 0.00 0.00 0.00 Totals 66,954,235.43 330,004.55 66,880,215.47
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 0.00 9,166,541.12 0.00 II-A 0.00 0.00 3,940,956.99 0.00 III-A 0.00 0.00 5,325,998.22 0.00 IV-A 0.00 0.00 1,050,485.77 0.00 V-A-1 0.00 0.00 5,494,907.27 0.00 V-A-2 0.00 0.00 11,531,487.32 0.00 V-X 0.00 0.00 2,256.73 0.00 VI-A 0.00 0.00 11,103,125.97 0.00 VI-X 0.00 0.00 4,411.50 0.00 VII-A 0.00 0.00 9,255,965.13 0.00 VII-X 0.00 0.00 4,967.40 0.00 B-1 0.00 0.00 4,001,082.62 0.00 B-2 0.00 0.00 2,720,867.95 0.00 B-3 0.00 0.00 1,600,442.33 0.00 B-4 0.00 0.00 800,244.36 0.00 B-5 0.00 0.00 640,176.93 0.00 B-6 74,019.96 0.00 566,302.41 74,019.96 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 74,019.96 0.00 67,210,220.02 74,019.96 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 9,124,418.81 12,130.98 9,112,287.83 0.00 0.00 II-A 59,280,900.00 3,921,694.61 4,714.49 3,916,980.12 0.00 0.00 III-A 30,541,200.00 5,299,644.83 2,557.24 5,297,087.59 0.00 0.00 IV-A 46,458,500.00 1,044,434.80 1,099.38 1,043,335.42 0.00 0.00 V-A-1 70,000,000.00 5,470,865.67 7,594.26 5,463,271.42 0.00 0.00 V-A-2 146,840,100.00 11,476,320.89 15,930.59 11,460,390.30 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 73,744,800.00 11,051,782.39 1,219.16 11,050,563.23 0.00 0.00 VI-X 0.00 0.00 0.00 0.00 0.00 0.00 VII-A 111,119,500.00 9,213,115.60 9,379.63 9,203,735.97 0.00 0.00 VII-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,623,700.00 3,981,399.10 4,217.30 3,977,181.81 0.00 0.00 B-2 5,864,400.00 2,707,482.51 2,867.90 2,704,614.61 0.00 0.00 B-3 3,449,500.00 1,592,568.88 1,686.93 1,590,881.95 0.00 0.00 B-4 1,724,800.00 796,307.52 843.49 795,464.03 0.00 0.00 B-5 1,379,800.00 637,027.55 674.77 636,352.78 0.00 0.00 B-6 1,380,114.00 637,172.27 674.92 562,477.39 0.00 74,019.96 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 66,954,235.43 65,591.04 66,814,624.45 0.00 74,019.96 (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 9,124,418.81 0.00 0.00000000 9,124,418.81 II-A 3,921,694.61 0.00 0.00000000 3,921,694.61 III-A 5,299,644.83 0.00 0.00000000 5,299,644.83 IV-A 1,044,434.80 0.00 0.00000000 1,044,434.80 V-A-1 5,470,865.67 0.00 0.00000000 5,470,865.67 V-A-2 11,476,320.89 0.00 0.00000000 11,476,320.89 V-X 0.00 0.00 0.00000000 0.00 VI-A 11,051,782.39 0.00 0.00000000 11,051,782.39 VI-X 0.00 0.00 0.00000000 0.00 VII-A 9,213,115.60 0.00 0.00000000 9,213,115.60 VII-X 0.00 0.00 0.00000000 0.00 B-1 3,981,399.10 0.00 0.00000000 3,981,399.10 B-2 2,707,482.51 0.00 0.00000000 2,707,482.51 B-3 1,592,568.88 0.00 0.00000000 1,592,568.88 B-4 796,307.52 0.00 0.00000000 796,307.52 B-5 637,027.55 0.00 0.00000000 637,027.55 B-6 637,172.27 0.00 0.00000000 563,152.31 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 66,954,235.43 0.00 0.00000000 66,880,215.47
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 70.45970305 0.09367668 70.36602638 0.00000000 II-A 59,280,900.00 66.15443777 0.07952798 66.07490979 0.00000000 III-A 30,541,200.00 173.52444665 0.08373083 173.44071582 0.00000000 IV-A 46,458,500.00 22.48102715 0.02366370 22.45736345 0.00000000 V-A-1 70,000,000.00 78.15522386 0.10848943 78.04673457 0.00000000 V-A-2 146,840,100.00 78.15522388 0.10848937 78.04673451 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 73,744,800.00 149.86524324 0.01653215 149.84871110 0.00000000 VI-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 111,119,500.00 82.91178056 0.08441030 82.82737026 0.00000000 VII-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,700.00 461.68107657 0.48903603 461.19204170 0.00000000 B-2 5,864,400.00 461.68107735 0.48903554 461.19204181 0.00000000 B-3 3,449,500.00 461.68107842 0.48903609 461.19204232 0.00000000 B-4 1,724,800.00 461.68107607 0.48903641 461.19203966 0.00000000 B-5 1,379,800.00 461.68107697 0.48903464 461.19204232 0.00000000 B-6 1,380,114.00 461.68089738 0.48903207 407.55864371 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 70.45970305 0.00000000 0.00000000 70.45970305 II-A 0.00000000 66.15443777 0.00000000 0.00000000 66.15443777 III-A 0.00000000 173.52444665 0.00000000 0.00000000 173.52444665 IV-A 0.00000000 22.48102715 0.00000000 0.00000000 22.48102715 V-A-1 0.00000000 78.15522386 0.00000000 0.00000000 78.15522386 V-A-2 0.00000000 78.15522388 0.00000000 0.00000000 78.15522388 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 149.86524324 0.00000000 0.00000000 149.86524324 VI-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 0.00000000 82.91178056 0.00000000 0.00000000 82.91178056 VII-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 461.68107657 0.00000000 0.00000000 461.68107657 B-2 0.00000000 461.68107735 0.00000000 0.00000000 461.68107735 B-3 0.00000000 461.68107842 0.00000000 0.00000000 461.68107842 B-4 0.00000000 461.68107607 0.00000000 0.00000000 461.68107607 B-5 0.00000000 461.68107697 0.00000000 0.00000000 461.68107697 B-6 53.63322160 461.68089738 0.00000000 0.00000000 408.04767577 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 5.53972% 9,124,418.81 42,122.31 0.00 0.00 II-A 59,280,900.00 5.89410% 3,921,694.61 19,262.38 0.00 0.00 III-A 30,541,200.00 5.96720% 5,299,644.83 26,353.39 0.00 0.00 IV-A 46,458,500.00 6.95224% 1,044,434.80 6,050.97 0.00 0.00 V-A-1 70,000,000.00 5.27337% 5,470,865.67 24,041.60 0.00 0.00 V-A-2 146,840,100.00 5.76837% 11,476,320.89 55,166.43 0.00 0.00 V-X 0.00 0.49500% 5,470,865.67 2,256.73 0.00 0.00 VI-A 73,744,800.00 5.57487% 11,051,782.39 51,343.58 0.00 0.00 VI-X 0.00 0.47900% 11,051,782.39 4,411.50 0.00 0.00 VII-A 111,119,500.00 5.58111% 9,213,115.60 42,849.54 0.00 0.00 VII-X 0.00 0.64700% 9,213,115.60 4,967.40 0.00 0.00 B-1 8,623,700.00 5.93264% 3,981,399.10 19,683.52 0.00 0.00 B-2 5,864,400.00 5.93264% 2,707,482.51 13,385.44 0.00 0.00 B-3 3,449,500.00 5.93264% 1,592,568.88 7,873.45 0.00 0.00 B-4 1,724,800.00 5.93264% 796,307.52 3,936.84 0.00 0.00 B-5 1,379,800.00 5.93264% 637,027.55 3,149.38 0.00 0.00 B-6 1,380,114.00 5.93264% 637,172.27 3,150.10 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 689,905,814.00 330,004.56 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 42,122.31 0.00 0.00 II-A 0.00 0.00 19,262.38 0.00 0.00 III-A 0.00 0.00 26,353.39 0.00 0.00 IV-A 0.00 0.00 6,050.97 0.00 0.00 V-A-1 0.00 0.00 24,041.60 0.00 0.00 V-A-2 0.00 0.00 55,166.43 0.00 0.00 V-X 0.00 0.00 2,256.73 0.00 0.00 VI-A 0.00 0.00 51,343.58 0.00 0.00 VI-X 0.00 0.00 4,411.50 0.00 0.00 VII-A 0.00 0.00 42,849.53 0.00 0.00 VII-X 0.00 0.00 4,967.40 0.00 0.00 B-1 0.00 0.00 19,683.52 0.00 0.00 B-2 0.00 0.00 13,385.44 0.00 0.00 B-3 0.00 0.00 7,873.45 0.00 0.00 B-4 0.00 0.00 3,936.84 0.00 0.00 B-5 0.00 0.00 3,149.38 0.00 0.00 B-6 0.00 0.00 3,150.10 0.00 0.00 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 0.00 330,004.55 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 5.53972% 70.45970305 0.32527282 0.00000000 0.00000000 II-A 59,280,900.00 5.89410% 66.15443777 0.32493400 0.00000000 0.00000000 III-A 30,541,200.00 5.96720% 173.52444665 0.86287998 0.00000000 0.00000000 IV-A 46,458,500.00 6.95224% 22.48102715 0.13024463 0.00000000 0.00000000 V-A-1 70,000,000.00 5.27337% 78.15522386 0.34345143 0.00000000 0.00000000 V-A-2 146,840,100.00 5.76837% 78.15522388 0.37569050 0.00000000 0.00000000 V-X 0.00 0.49500% 78.15522386 0.03223900 0.00000000 0.00000000 VI-A 73,744,800.00 5.57487% 149.86524324 0.69623323 0.00000000 0.00000000 VI-X 0.00 0.47900% 149.86524324 0.05982117 0.00000000 0.00000000 VII-A 111,119,500.00 5.58111% 82.91178056 0.38561675 0.00000000 0.00000000 VII-X 0.00 0.64700% 82.91178056 0.04470322 0.00000000 0.00000000 B-1 8,623,700.00 5.93264% 461.68107657 2.28249127 0.00000000 0.00000000 B-2 5,864,400.00 5.93264% 461.68107735 2.28249096 0.00000000 0.00000000 B-3 3,449,500.00 5.93264% 461.68107842 2.28249022 0.00000000 0.00000000 B-4 1,724,800.00 5.93264% 461.68107607 2.28249072 0.00000000 0.00000000 B-5 1,379,800.00 5.93264% 461.68107697 2.28249022 0.00000000 0.00000000 B-6 1,380,114.00 5.93264% 461.68089738 2.28249261 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 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 0.32527282 0.00000000 0.00000000 II-A 0.00000000 0.00000000 0.32493400 0.00000000 0.00000000 III-A 0.00000000 0.00000000 0.86287998 0.00000000 0.00000000 IV-A 0.00000000 0.00000000 0.13024463 0.00000000 0.00000000 V-A-1 0.00000000 0.00000000 0.34345143 0.00000000 0.00000000 V-A-2 0.00000000 0.00000000 0.37569050 0.00000000 0.00000000 V-X 0.00000000 0.00000000 0.03223900 0.00000000 0.00000000 VI-A 0.00000000 0.00000000 0.69623323 0.00000000 0.00000000 VI-X 0.00000000 0.00000000 0.05982117 0.00000000 0.00000000 VII-A 0.00000000 0.00000000 0.38561666 0.00000000 0.00000000 VII-X 0.00000000 0.00000000 0.04470322 0.00000000 0.00000000 B-1 0.00000000 0.00000000 2.28249127 0.00000000 0.00000000 B-2 0.00000000 0.00000000 2.28249096 0.00000000 0.00000000 B-3 0.00000000 0.00000000 2.28249022 0.00000000 0.00000000 B-4 0.00000000 0.00000000 2.28249072 0.00000000 0.00000000 B-5 0.00000000 0.00000000 2.28249022 0.00000000 0.00000000 B-6 0.00000000 0.00000000 2.28249261 0.00000000 0.00000000 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 67,227,010.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 17,431.20 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 67,244,442.12 Withdrawals Reimbursement for Servicer Advances 16,716.24 Payment of Service Fee 17,505.86 Payment of Interest and Principal 67,210,220.02 Total Withdrawals (Pool Distribution Amount) 67,244,442.12 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 17,505.86 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 17,505.86
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 2,192,124.11 0.00 0.00 0.00 2,192,124.11 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 5 0 1 1 7 2,192,124.11 0.00 369,860.01 496,117.44 3,058,101.56 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 2.793296% 0.000000% 0.000000% 0.000000% 2.793296% 3.540418% 0.000000% 0.000000% 0.000000% 3.540418% 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% 0.558659% 0.558659% 1.117318% 0.000000% 0.000000% 0.597347% 0.801261% 1.398608% Totals 2.793296% 0.000000% 0.558659% 0.558659% 3.910615% 3.540418% 0.000000% 0.597347% 0.801261% 4.939026%
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% 5.555556% 5.555556% 11.111111% 0.000000% 0.000000% 4.255380% 5.708019% 9.963399% Totals 0.000000% 0.000000% 5.555556% 5.555556% 11.111111% 0.000000% 0.000000% 4.255380% 5.708019% 9.963399% 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 2 0 0 0 2 866,187.82 0.00 0.00 0.00 866,187.82 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 2 0 0 0 2 866,187.82 0.00 0.00 0.00 866,187.82 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 7.142857% 0.000000% 0.000000% 0.000000% 7.142857% 16.307143% 0.000000% 0.000000% 0.000000% 16.307143% 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 7.142857% 0.000000% 0.000000% 0.000000% 7.142857% 16.307143% 0.000000% 0.000000% 0.000000% 16.307143% 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 1 130,015.04 0.00 0.00 0.00 130,015.04 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 1 130,015.04 0.00 0.00 0.00 130,015.04 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.960784% 0.000000% 0.000000% 0.000000% 1.960784% 0.679403% 0.000000% 0.000000% 0.000000% 0.679403% 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 1.960784% 0.000000% 0.000000% 0.000000% 1.960784% 0.679403% 0.000000% 0.000000% 0.000000% 0.679403% 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 2 0 0 0 2 1,195,921.25 0.00 0.00 0.00 1,195,921.25 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 2 0 0 0 2 1,195,921.25 0.00 0.00 0.00 1,195,921.25 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.545455% 0.000000% 0.000000% 0.000000% 4.545455% 9.628959% 0.000000% 0.000000% 0.000000% 9.628959% 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 4.545455% 0.000000% 0.000000% 0.000000% 4.545455% 9.628959% 0.000000% 0.000000% 0.000000% 9.628959% 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 17,431.20
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 560,407,414.00 81.22955375% 0.00 0.00000000% 0.000000% 0.000000% Class 2A 501,126,514.00 72.63694606% 0.00 0.00000000% 0.000000% 0.000000% Class 3A 470,585,314.00 68.21008092% 0.00 0.00000000% 0.000000% 0.000000% Class B-1 13,798,714.00 2.00008664% 0.00 0.00000000% 0.000000% 0.000000% Class B-2 7,934,314.00 1.15005756% 0.00 0.00000000% 0.000000% 0.000000% Class B-3 4,484,814.00 0.65006178% 0.00 0.00000000% 0.000000% 0.000000% Class B-4 2,760,014.00 0.40005664% 0.00 0.00000000% 0.000000% 0.000000% Class B-5 1,380,214.00 0.20005832% 0.00 0.00000000% 0.000000% 0.000000% Class B-6 100.00 0.00001449% 0.00 0.00000000% 0.000000% 0.000000% 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 6.228321% Weighted Average Net Coupon 5.914569% Weighted Average Pass-Through Rate 5.914569% Weighted Average Maturity(Stepdown Calculation ) 0 Beginning Scheduled Collateral Loan Count 191 Number Of Loans Paid In Full 12 Ending Scheduled Collateral Loan Count 179 Beginning Scheduled Collateral Balance 66,954,235.43 Ending Scheduled Collateral Balance 0.00 Ending Actual Collateral Balance at 30-Nov-2004 61,917,102.78 Monthly P &I Constant 413,101.45 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 56,881,103.42 Ending Scheduled Balance for Premium Loans 0.00 Scheduled Principal 65,591.04 Unscheduled Principal 66,888,644.39
Miscellaneous Reporting Average Loss Severity Group 1 0 Senior Percentage Group 1 83.730025% Senior Prepayment Percentage Grp 1 91.865012% Subordinate Percentage Group 1 16.269975% Subordinate Prepayment Pct Group 1 8.134988% Average Loss Severity Group 2 0 Senior Percentage Group 2 81.752794% Senior Prepayment Percentage Grp 2 90.876397% Subordinate Percentage Group 2 18.247206% Subordinate Prepayment Pct Group 2 9.123603% Average Loss Severity Group 3 0 Senior Percentage Group 3 90.090314% Senior Prepayment Percentage Grp 3 95.045157% Subordinate Percentage Group 3 9.909686% Subordinate Prepayment Pct Group 3 4.954843% Average Loss Severity Group 4 0 Senior Percentage Group 4 65.358533% Senior Prepayment Percentage Grp 4 82.679266% Subordinate Percentage Group 4 34.641467% Subordinate Prepayment Pct Group 4 17.320734% Average Loss Severity Group 5 0 Senior Percentage Group 5 83.358795% Senior Prepayment Percentage Grp 5 91.679398% Subordinate Percentage Group 5 16.641205% Subordinate Prepayment Pct Group 5 8.320602% Average Loss Severity Group 6 0 Senior Percentage Group 6 88.952735% Senior Prepayment Percentage Grp 6 94.476368% Subordinate Percentage Group 6 11.047265% Subordinate Prepayment Pct Group 6 5.523632% Average Loss Severity Group 7 0 Senior Percentage Group 7 83.569849% Senior Prepayment Percentage Grp 7 91.784925% Subordinate Percentage Group 7 16.430151% Subordinate Prepayment Pct Group 7 8.215075%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.907627 6.153590 6.290667 Weighted Average Net Rate 5.539725 5.894097 5.967205 Weighted Average Maturity 328 326 328 Beginning Loan Count 23 11 30 Loans Paid In Full 5 1 2 Ending Loan Count 18 10 28 Beginning Scheduled Balance 10,897,427.58 4,797,016.00 5,882,591.13 Ending scheduled Balance 0.00 0.00 0.00 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 68,136.49 30,365.82 33,676.38 Scheduled Principal 14,488.21 5,766.76 2,838.53 Unscheduled Principal 10,882,939.37 4,791,249.24 5,879,752.60 Scheduled Interest 53,648.28 24,599.06 30,837.85 Servicing Fees 3,340.99 1,037.33 1,585.66 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 50,307.29 23,561.73 29,252.19 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 5.539725 5.894098 5.967204
Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.202238 6.026777 6.417039 Weighted Average Net Rate 6.952237 5.768374 6.053874 Weighted Average Maturity 315 327 329 Beginning Loan Count 3 54 44 Loans Paid In Full 0 3 0 Ending Loan Count 3 51 44 Beginning Scheduled Balance 1,598,008.33 20,330,412.03 12,424,331.15 Ending scheduled Balance 0.00 0.00 0.00 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 11,273.11 130,326.90 67,810.08 Scheduled Principal 1,682.08 28,221.19 1,370.57 Unscheduled Principal 1,596,326.25 20,302,190.84 12,422,960.58 Scheduled Interest 9,591.03 102,105.71 66,439.51 Servicing Fees 332.92 4,377.86 3,760.06 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 9,258.11 97,727.85 62,679.45 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 6.952238 5.768374 6.053874
Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.562393 6.228321 Weighted Average Net Rate 6.228113 5.914569 Weighted Average Maturity 328.00 0.00 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 71,512.67 413,101.45 Beginning Loan Count 26 191 Loans Paid In Full 1 12 Ending Loan Count 25 179 Beginning Scheduled Balance 11,024,449.21 66,954,235.43 Ending Scheduled Balance 0.00 0.00 Scheduled Principal 11,223.70 65,591.04 Unscheduled Principal 11,013,225.51 66,888,644.39 Scheduled Interest 60,288.97 347,510.41 Servicing Fee 3,071.04 17,505.86 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 57,217.93 330,004.55 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 6.228113 5.914569
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