-----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, UVnAVVHJS9q6PxEHdKFxbD0kdDH6dJ2VpP8PZsUlrvS6fJzFgoA9ZDaQeAuDWcZi xIksJxjGJ/ZGLwtlltciXA== 0001056404-04-004231.txt : 20041203 0001056404-04-004231.hdr.sgml : 20041203 20041203134409 ACCESSION NUMBER: 0001056404-04-004231 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041203 DATE AS OF CHANGE: 20041203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORT INV INC BEAR STEARNS ARM TRUST 2002-10 CENTRAL INDEX KEY: 0001202818 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133633241 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68542-12 FILM NUMBER: 041182981 BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 11201 MAIL ADDRESS: STREET 1: 383 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst02010_nov.txt NOVEMBER 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 26, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-10 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-12 90-0072852 Pooling and Servicing Agreement) (Commission 90-0082673 (State or other File Number) 90-0082688 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 November 26, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-10 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 2002-10 Trust, relating to the November 26, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-10 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/2/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-10 Trust, relating to the November 26, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 BST Series: 2002-10 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 07384MQE5 SEN 4.79098% 21,154,359.47 84,429.16 1,220,183.95 II-A-1 07384MQF2 SEN 5.27099% 5,873,694.31 25,791.19 450,722.93 II-A-2 07384MQV7 SEN 4.49499% 32,099,199.02 120,196.20 2,463,159.34 II-X 07384MQH8 SEN 0.77600% 0.00 20,750.28 0.00 III-A 07384MQG0 SEN 5.31869% 30,294,284.61 134,225.07 828,306.45 R-I 07384MQJ4 RES 4.75716% 0.00 0.00 0.00 R-II 07384MQK1 RES 4.75716% 0.00 0.00 0.00 R-III 07384MQW5 RES 4.75716% 0.00 0.00 0.00 B-1 07384MQL9 SUB 5.09247% 4,315,362.25 18,306.87 116,011.19 B-2 07384MQM7 SUB 5.09247% 2,655,627.35 11,265.85 71,392.03 B-3 07384MQN5 SUB 5.09247% 1,825,631.10 7,744.79 49,078.99 B-4 07384MQP0 SUB 5.09247% 663,906.84 2,816.46 17,848.01 B-5 07384MQR6 SUB 5.09247% 663,906.84 2,816.46 17,848.01 B-6 07384MQT2 SUB 5.09247% 663,999.81 2,816.86 17,850.51 Totals 100,209,971.60 431,159.19 5,252,401.41
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 19,934,175.52 1,304,613.11 0.00 II-A-1 0.00 5,422,971.38 476,514.12 0.00 II-A-2 0.00 29,636,039.68 2,583,355.54 0.00 II-X 0.00 0.00 20,750.28 0.00 III-A 0.00 29,465,978.16 962,531.52 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 B-1 0.00 4,199,351.06 134,318.06 0.00 B-2 0.00 2,584,235.32 82,657.88 0.00 B-3 0.00 1,776,552.11 56,823.78 0.00 B-4 0.00 646,058.83 20,664.47 0.00 B-5 0.00 646,058.83 20,664.47 0.00 B-6 0.00 646,149.31 20,667.37 0.00 Totals 0.00 94,957,570.20 5,683,560.60 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 222,134,800.00 21,154,359.47 28,219.64 1,191,964.31 0.00 0.00 II-A-1 25,000,000.00 5,873,694.31 6,108.94 444,613.99 0.00 0.00 II-A-2 136,622,700.00 32,099,199.02 33,384.80 2,429,774.54 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 114,934,600.00 30,294,284.61 15,596.63 812,709.82 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 R-III 100.00 0.00 0.00 0.00 0.00 0.00 B-1 6,700,800.00 4,315,362.25 4,403.67 111,607.52 0.00 0.00 B-2 4,123,600.00 2,655,627.35 2,709.97 68,682.06 0.00 0.00 B-3 2,834,800.00 1,825,631.10 1,862.99 47,216.00 0.00 0.00 B-4 1,030,900.00 663,906.84 677.49 17,170.52 0.00 0.00 B-5 1,030,900.00 663,906.84 677.49 17,170.52 0.00 0.00 B-6 1,031,044.46 663,999.81 677.59 17,172.92 0.00 0.00 Totals 515,444,344.46 100,209,971.60 94,319.21 5,158,082.20 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 1,220,183.95 19,934,175.52 0.08973909 1,220,183.95 II-A-1 450,722.93 5,422,971.38 0.21691886 450,722.93 II-A-2 2,463,159.34 29,636,039.68 0.21691886 2,463,159.34 II-X 0.00 0.00 0.00000000 0.00 III-A 828,306.45 29,465,978.16 0.25637169 828,306.45 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 B-1 116,011.19 4,199,351.06 0.62669399 116,011.19 B-2 71,392.03 2,584,235.32 0.62669399 71,392.03 B-3 49,078.99 1,776,552.11 0.62669399 49,078.99 B-4 17,848.01 646,058.83 0.62669399 17,848.01 B-5 17,848.01 646,058.83 0.62669399 17,848.01 B-6 17,850.51 646,149.31 0.62669394 17,850.51 Totals 5,252,401.41 94,957,570.20 0.18422468 5,252,401.41
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 222,134,800.00 95.23208192 0.12703836 5.36595036 0.00000000 II-A-1 25,000,000.00 234.94777240 0.24435760 17.78455960 0.00000000 II-A-2 136,622,700.00 234.94777237 0.24435764 17.78455952 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 114,934,600.00 263.57845775 0.13570004 7.07106320 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 R-III 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,700,800.00 644.00702155 0.65718571 16.65585005 0.00000000 B-2 4,123,600.00 644.00702056 0.65718547 16.65584926 0.00000000 B-3 2,834,800.00 644.00701990 0.65718569 16.65584874 0.00000000 B-4 1,030,900.00 644.00702299 0.65718304 16.65585411 0.00000000 B-5 1,030,900.00 644.00702299 0.65718304 16.65585411 0.00000000 B-6 1,031,044.46 644.00696164 0.65718795 16.65584819 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 5.49298872 89.73909320 0.08973909 5.49298872 II-A-1 0.00000000 18.02891720 216.91885520 0.21691886 18.02891720 II-A-2 0.00000000 18.02891716 216.91885521 0.21691886 18.02891716 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 7.20676324 256.37169451 0.25637169 7.20676324 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 17.31303576 626.69398579 0.62669399 17.31303576 B-2 0.00000000 17.31303473 626.69398584 0.62669399 17.31303473 B-3 0.00000000 17.31303443 626.69398547 0.62669399 17.31303443 B-4 0.00000000 17.31303715 626.69398584 0.62669399 17.31303715 B-5 0.00000000 17.31303715 626.69398584 0.62669399 17.31303715 B-6 0.00000000 17.31303614 626.69393520 0.62669394 17.31303614 (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 222,134,800.00 4.79098% 21,154,359.47 84,458.45 0.00 0.00 II-A-1 25,000,000.00 5.27099% 5,873,694.31 25,800.14 0.00 0.00 II-A-2 136,622,700.00 4.49499% 32,099,199.02 120,237.90 0.00 0.00 II-X 0.00 0.77600% 32,099,199.02 20,757.48 0.00 0.00 III-A 114,934,600.00 5.31869% 30,294,284.61 134,271.64 0.00 0.00 R-I 50.00 4.75716% 0.00 0.00 0.00 0.00 R-II 50.00 4.75716% 0.00 0.00 0.00 0.00 R-III 100.00 4.75716% 0.00 0.00 0.00 0.00 B-1 6,700,800.00 5.09247% 4,315,362.25 18,313.22 0.00 0.00 B-2 4,123,600.00 5.09247% 2,655,627.35 11,269.76 0.00 0.00 B-3 2,834,800.00 5.09247% 1,825,631.10 7,747.48 0.00 0.00 B-4 1,030,900.00 5.09247% 663,906.84 2,817.44 0.00 0.00 B-5 1,030,900.00 5.09247% 663,906.84 2,817.44 0.00 0.00 B-6 1,031,044.46 5.09247% 663,999.81 2,817.83 0.00 0.00 Totals 515,444,344.46 431,308.78 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 29.29 0.00 84,429.16 0.00 19,934,175.52 II-A-1 8.95 0.00 25,791.19 0.00 5,422,971.38 II-A-2 41.70 0.00 120,196.20 0.00 29,636,039.68 II-X 7.20 0.00 20,750.28 0.00 29,636,039.68 III-A 46.57 0.00 134,225.07 0.00 29,465,978.16 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 B-1 6.35 0.00 18,306.87 0.00 4,199,351.06 B-2 3.91 0.00 11,265.85 0.00 2,584,235.32 B-3 2.69 0.00 7,744.79 0.00 1,776,552.11 B-4 0.98 0.00 2,816.46 0.00 646,058.83 B-5 0.98 0.00 2,816.46 0.00 646,058.83 B-6 0.98 0.00 2,816.86 0.00 646,149.31 Totals 149.60 0.00 431,159.19 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 222,134,800.00 4.79098% 95.23208192 0.38021260 0.00000000 0.00000000 II-A-1 25,000,000.00 5.27099% 234.94777240 1.03200560 0.00000000 0.00000000 II-A-2 136,622,700.00 4.49499% 234.94777237 0.88007264 0.00000000 0.00000000 II-X 0.00 0.77600% 234.94777237 0.15193288 0.00000000 0.00000000 III-A 114,934,600.00 5.31869% 263.57845775 1.16824385 0.00000000 0.00000000 R-I 50.00 4.75716% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.75716% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 100.00 4.75716% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,700,800.00 5.09247% 644.00702155 2.73299009 0.00000000 0.00000000 B-2 4,123,600.00 5.09247% 644.00702056 2.73299059 0.00000000 0.00000000 B-3 2,834,800.00 5.09247% 644.00701990 2.73298998 0.00000000 0.00000000 B-4 1,030,900.00 5.09247% 644.00702299 2.73299059 0.00000000 0.00000000 B-5 1,030,900.00 5.09247% 644.00702299 2.73299059 0.00000000 0.00000000 B-6 1,031,044.46 5.09247% 644.00696164 2.73298593 0.00000000 0.00000000 2) 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 0.00013186 0.00000000 0.38008074 0.00000000 89.73909320 II-A-1 0.00035800 0.00000000 1.03164760 0.00000000 216.91885520 II-A-2 0.00030522 0.00000000 0.87976742 0.00000000 216.91885521 II-X 0.00005270 0.00000000 0.15188018 0.00000000 216.91885521 III-A 0.00040519 0.00000000 1.16783867 0.00000000 256.37169451 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00094765 0.00000000 2.73204244 0.00000000 626.69398579 B-2 0.00094820 0.00000000 2.73204239 0.00000000 626.69398584 B-3 0.00094892 0.00000000 2.73204106 0.00000000 626.69398547 B-4 0.00095063 0.00000000 2.73203997 0.00000000 626.69398584 B-5 0.00095063 0.00000000 2.73203997 0.00000000 626.69398584 B-6 0.00095049 0.00000000 2.73204513 0.00000000 626.69393520 (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 5,713,856.27 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 14,605.84 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5,728,462.11 Withdrawals Reimbursement for Servicer Advances 17,783.38 Payment of Service Fee 27,118.13 Payment of Interest and Principal 5,683,560.60 Total Withdrawals (Pool Distribution Amount) 5,728,462.11 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 149.60
SERVICING FEES Gross Servicing Fee 25,956.11 Miscellaneous Fee 268.26 Special Servicing fee 893.76 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 27,118.13
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 1 308,414.66 0.00 0.00 308,414.66 30 Days 3 0 0 0 3 1,741,442.31 0.00 0.00 0.00 1,741,442.31 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 0.00 535,968.67 323,204.99 859,173.66 Totals 3 1 1 1 6 1,741,442.31 308,414.66 535,968.67 323,204.99 2,909,030.63 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 0.418410% 0.000000% 0.000000% 0.418410% 0.324498% 0.000000% 0.000000% 0.324498% 30 Days 1.255230% 0.000000% 0.000000% 0.000000% 1.255230% 1.832257% 0.000000% 0.000000% 0.000000% 1.832257% 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% 0.418410% 0.418410% 0.836820% 0.000000% 0.000000% 0.563919% 0.340060% 0.903979% Totals 1.255230% 0.418410% 0.418410% 0.418410% 2.510460% 1.832257% 0.324498% 0.563919% 0.340060% 3.060734%
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 1 0 0 1 308,414.66 0.00 0.00 308,414.66 30 Days 1 0 0 0 1 971,825.70 0.00 0.00 0.00 971,825.70 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 0 1 0.00 0.00 535,968.67 0.00 535,968.67 Totals 1 1 1 0 3 971,825.70 308,414.66 535,968.67 0.00 1,816,209.03 0-29 Days 2.083333% 0.000000% 0.000000% 2.083333% 1.277146% 0.000000% 0.000000% 1.277146% 30 Days 2.083333% 0.000000% 0.000000% 0.000000% 2.083333% 4.024332% 0.000000% 0.000000% 0.000000% 4.024332% 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% 2.083333% 0.000000% 2.083333% 0.000000% 0.000000% 2.219447% 0.000000% 2.219447% Totals 2.083333% 2.083333% 2.083333% 0.000000% 6.250000% 4.024332% 1.277146% 2.219447% 0.000000% 7.520925% 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 1 0 0 0 1 575,929.61 0.00 0.00 0.00 575,929.61 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 1 1 0.00 0.00 0.00 323,204.99 323,204.99 Totals 1 0 0 1 2 575,929.61 0.00 0.00 323,204.99 899,134.60 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.020408% 0.000000% 0.000000% 0.000000% 1.020408% 1.490167% 0.000000% 0.000000% 0.000000% 1.490167% 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% 1.020408% 1.020408% 0.000000% 0.000000% 0.000000% 0.836264% 0.836264% Totals 1.020408% 0.000000% 0.000000% 1.020408% 2.040816% 1.490167% 0.000000% 0.000000% 0.836264% 2.326431% 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 1 193,687.00 0.00 0.00 0.00 193,687.00 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 1 0 0 0 1 193,687.00 0.00 0.00 0.00 193,687.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.075269% 0.000000% 0.000000% 0.000000% 1.075269% 0.600652% 0.000000% 0.000000% 0.000000% 0.600652% 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 1.075269% 0.000000% 0.000000% 0.000000% 1.075269% 0.600652% 0.000000% 0.000000% 0.000000% 0.600652%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 14,605.84
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 293,309,544.46 56.90421238% 75,023,394.68 79.00728138% 20.992719% 0.000000% Class 2A1 268,309,544.46 52.05402821% 69,600,423.30 73.29633978% 5.710942% 51.655191% Class 2A2 131,686,844.46 25.54821794% 39,964,383.62 42.08656933% 31.209770% 282.290866% Class 3A 16,752,244.46 3.25005884% 10,498,405.46 11.05589100% 31.030678% 280.670986% Class B-1 10,051,444.46 1.95005427% 6,299,054.40 6.63354632% 4.422345% 39.999894% Class B-2 5,927,844.46 1.15004549% 3,714,819.08 3.91208313% 2.721463% 24.615503% Class B-3 3,093,044.46 0.60007341% 1,938,266.97 2.04119268% 1.870890% 16.922114% Class B-4 2,062,144.46 0.40007122% 1,292,208.14 1.36082688% 0.680366% 6.153876% Class B-5 1,031,244.46 0.20006902% 646,149.31 0.68046108% 0.680366% 6.153876% Class B-6 200.00 0.00003880% 0.00 0.00000000% 0.680461% 6.154738% Class R-I 150.00 0.00002910% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 100.00 0.00001940% 0.00 0.00000000% 0.000000% 0.000000% Class R-III 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 5.489596% Weighted Average Net Coupon 5.178776% Weighted Average Pass-Through Rate 5.164861% Weighted Average Maturity (Stepdown Calculation) 334 Beginning Scheduled Collateral Loan Count 252 Number Of Loans Paid In Full 13 Ending Scheduled Collateral Loan Count 239 Beginning Scheduled Collateral Balance 100,209,971.61 Ending Scheduled Collateral Balance 94,957,570.20 Ending Actual Collateral Balance at 31-Oct-2004 95,043,566.65 Monthly P &I Constant 552,746.12 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,347,898.29 Ending Scheduled Balance for Premium Loans 94,957,570.20 Scheduled Principal 94,319.21 Unscheduled Principal 5,158,082.20
Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage Group 1 83.136860% Senior Percentage Group 2 91.134828% Senior Percentage Group 3 91.528970% Senior Prep. Percentage Group 1 91.568430% Senior Prep. Percentage Group 2 95.567414% Senior Prep. Percentage Group 3 95.764485% Subordinate Percentage Group 1 16.863140% Subordinate Percentage Group 2 8.865172% Subordinate Percentage Group 3 8.471030% Subordinate Prep. Percentage Group 1 8.431570% Subordinate Prep. Percentage Group 2 4.432586% Subordinate Prep. Percentage Group 3 4.235515%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.145366 5.547645 5.681158 Weighted Average Net Rate 4.790981 5.296589 5.328591 Weighted Average Maturity 333 335 334 Beginning Loan Count 50 106 96 Loans Paid In Full 2 8 3 Ending Loan Count 48 98 93 Beginning Scheduled Balance 25,445,223.12 41,666,719.86 33,098,028.63 Ending scheduled Balance 24,109,559.80 38,615,676.59 32,232,333.81 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 143,047.75 235,962.33 173,736.04 Scheduled Principal 33,943.60 43,335.51 17,040.10 Unscheduled Principal 1,301,719.72 3,007,707.76 848,654.72 Scheduled Interest 109,104.15 192,626.82 156,695.94 Servicing Fees 7,514.49 8,717.24 9,724.38 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 0.00 888.97 273.05 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 101,589.66 183,020.61 146,698.51 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 4.790981 5.270987 5.318692
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.489596 Weighted Average Net Rate 5.178776 Weighted Average Maturity 334 Beginning Loan Count 252 Loans Paid In Full 13 Ending Loan Count 239 Beginning Scheduled Balance 100,209,971.61 Ending scheduled Balance 94,957,570.20 Record Date 10/31/2004 Principal And Interest Constant 552,746.12 Scheduled Principal 94,319.21 Unscheduled Principal 5,158,082.20 Scheduled Interest 458,426.91 Servicing Fees 25,956.11 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 1,162.02 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 431,308.78 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 5.164861
-----END PRIVACY-ENHANCED MESSAGE-----