-----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, Q7211aNp22J60pCctKg6hfAqF93Rk1JuNcsoHgsgT5EXYbnjN4dtzOct0xaFxq0X 0YMGm6gJfs/3OdRcrJHVGw== 0001056404-05-000216.txt : 20050105 0001056404-05-000216.hdr.sgml : 20050105 20050105074335 ACCESSION NUMBER: 0001056404-05-000216 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: 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: 05510391 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_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 2002-10 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-12 Pooling and Servicing Agreement) (Commission 90-0072852 (State or other File Number) 90-0082673 jurisdiction 90-0082688 of Incorporation) IRS EIN 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 2002-10 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 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 2002-10 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: 12/30/2004 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 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 2002-10 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 4.79452% 19,934,175.52 79,645.70 1,256,822.18 II-A-1 07384MQF2 SEN 5.27504% 5,422,971.38 23,838.65 185,681.24 II-A-2 07384MQV7 SEN 4.49904% 29,636,039.68 111,111.38 1,014,730.89 II-X 07384MQH8 SEN 0.77600% 0.00 19,164.64 0.00 III-A 07384MQG0 SEN 5.31419% 29,465,978.16 130,489.83 600,114.96 R-I 07384MQJ4 RES 4.76385% 0.00 0.00 0.00 R-II 07384MQK1 RES 4.76385% 0.00 0.00 0.00 R-III 07384MQW5 RES 4.76385% 0.00 0.00 0.00 B-1 07384MQL9 SUB 5.09425% 4,199,351.06 17,827.10 83,900.57 B-2 07384MQM7 SUB 5.09425% 2,584,235.32 10,970.61 51,631.50 B-3 07384MQN5 SUB 5.09425% 1,776,552.11 7,541.83 35,494.47 B-4 07384MQP0 SUB 5.09425% 646,058.83 2,742.65 12,907.88 B-5 07384MQR6 SUB 5.09425% 646,058.83 2,742.65 12,907.88 B-6 07384MQT2 SUB 5.09425% 646,149.31 2,743.04 12,909.68 Totals 94,957,570.20 408,818.08 3,267,101.25
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 18,677,353.34 1,336,467.88 0.00 II-A-1 0.00 5,237,290.14 209,519.89 0.00 II-A-2 0.00 28,621,308.78 1,125,842.27 0.00 II-X 0.00 0.00 19,164.64 0.00 III-A 0.00 28,865,863.20 730,604.79 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 4,115,450.49 101,727.67 0.00 B-2 0.00 2,532,603.82 62,602.11 0.00 B-3 0.00 1,741,057.64 43,036.30 0.00 B-4 0.00 633,150.95 15,650.53 0.00 B-5 0.00 633,150.95 15,650.53 0.00 B-6 0.00 633,239.62 15,652.72 0.00 Totals 0.00 91,690,468.93 3,675,919.33 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 19,934,175.52 26,716.52 1,230,105.67 0.00 0.00 II-A-1 25,000,000.00 5,422,971.38 5,618.95 180,062.29 0.00 0.00 II-A-2 136,622,700.00 29,636,039.68 30,707.07 984,023.83 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 114,934,600.00 29,465,978.16 15,329.80 584,785.16 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 4,199,351.06 4,288.15 79,612.41 0.00 0.00 B-2 4,123,600.00 2,584,235.32 2,638.88 48,992.62 0.00 0.00 B-3 2,834,800.00 1,776,552.11 1,814.12 33,680.35 0.00 0.00 B-4 1,030,900.00 646,058.83 659.72 12,248.15 0.00 0.00 B-5 1,030,900.00 646,058.83 659.72 12,248.15 0.00 0.00 B-6 1,031,044.46 646,149.31 659.81 12,249.87 0.00 0.00 Totals 515,444,344.46 94,957,570.20 89,092.74 3,178,008.50 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 1,256,822.18 18,677,353.34 0.08408117 1,256,822.18 II-A-1 185,681.24 5,237,290.14 0.20949161 185,681.24 II-A-2 1,014,730.89 28,621,308.78 0.20949161 1,014,730.89 II-X 0.00 0.00 0.00000000 0.00 III-A 600,114.96 28,865,863.20 0.25115033 600,114.96 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 83,900.57 4,115,450.49 0.61417301 83,900.57 B-2 51,631.50 2,532,603.82 0.61417301 51,631.50 B-3 35,494.47 1,741,057.64 0.61417301 35,494.47 B-4 12,907.88 633,150.95 0.61417300 12,907.88 B-5 12,907.88 633,150.95 0.61417300 12,907.88 B-6 12,909.68 633,239.62 0.61417295 12,909.68 Totals 3,267,101.25 91,690,468.93 0.17788626 3,267,101.25
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 89.73909320 0.12027165 5.53765403 0.00000000 II-A-1 25,000,000.00 216.91885520 0.22475800 7.20249160 0.00000000 II-A-2 136,622,700.00 216.91885521 0.22475818 7.20249146 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 114,934,600.00 256.37169451 0.13337846 5.08798186 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 6,700,800.00 626.69398579 0.63994598 11.88103062 0.00000000 B-2 4,123,600.00 626.69398584 0.63994568 11.88103114 0.00000000 B-3 2,834,800.00 626.69398547 0.63994638 11.88103217 0.00000000 B-4 1,030,900.00 626.69398584 0.63994568 11.88102629 0.00000000 B-5 1,030,900.00 626.69398584 0.63994568 11.88102629 0.00000000 B-6 1,031,044.46 626.69393520 0.63994331 11.88102984 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 5.65792564 84.08116756 0.08408117 5.65792564 II-A-1 0.00000000 7.42724960 209.49160560 0.20949161 7.42724960 II-A-2 0.00000000 7.42724957 209.49160557 0.20949161 7.42724957 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 5.22136032 251.15033419 0.25115033 5.22136032 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 12.52097809 614.17300770 0.61417301 12.52097809 B-2 0.00000000 12.52097682 614.17300902 0.61417301 12.52097682 B-3 0.00000000 12.52097855 614.17300691 0.61417301 12.52097855 B-4 0.00000000 12.52098167 614.17300417 0.61417300 12.52098167 B-5 0.00000000 12.52098167 614.17300417 0.61417300 12.52098167 B-6 0.00000000 12.52097315 614.17295235 0.61417295 12.52097315 (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 4.79452% 19,934,175.52 79,645.70 0.00 0.00 II-A-1 25,000,000.00 5.27504% 5,422,971.38 23,838.65 0.00 0.00 II-A-2 136,622,700.00 4.49904% 29,636,039.68 111,111.38 0.00 0.00 II-X 0.00 0.77600% 29,636,039.68 19,164.64 0.00 0.00 III-A 114,934,600.00 5.31419% 29,465,978.16 130,489.84 0.00 0.00 R-I 50.00 4.76385% 0.00 0.00 0.00 0.00 R-II 50.00 4.76385% 0.00 0.00 0.00 0.00 R-III 100.00 4.76385% 0.00 0.00 0.00 0.00 B-1 6,700,800.00 5.09425% 4,199,351.06 17,827.10 0.00 0.00 B-2 4,123,600.00 5.09425% 2,584,235.32 10,970.61 0.00 0.00 B-3 2,834,800.00 5.09425% 1,776,552.11 7,541.83 0.00 0.00 B-4 1,030,900.00 5.09425% 646,058.83 2,742.65 0.00 0.00 B-5 1,030,900.00 5.09425% 646,058.83 2,742.65 0.00 0.00 B-6 1,031,044.46 5.09425% 646,149.31 2,743.04 0.00 0.00 Totals 515,444,344.46 408,818.09 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 79,645.70 0.00 18,677,353.34 II-A-1 0.00 0.00 23,838.65 0.00 5,237,290.14 II-A-2 0.00 0.00 111,111.38 0.00 28,621,308.78 II-X 0.00 0.00 19,164.64 0.00 28,621,308.78 III-A 0.00 0.00 130,489.83 0.00 28,865,863.20 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 0.00 0.00 17,827.10 0.00 4,115,450.49 B-2 0.00 0.00 10,970.61 0.00 2,532,603.82 B-3 0.00 0.00 7,541.83 0.00 1,741,057.64 B-4 0.00 0.00 2,742.65 0.00 633,150.95 B-5 0.00 0.00 2,742.65 0.00 633,150.95 B-6 0.00 0.00 2,743.04 0.00 633,239.62 Totals 0.00 0.00 408,818.08 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 4.79452% 89.73909320 0.35854670 0.00000000 0.00000000 II-A-1 25,000,000.00 5.27504% 216.91885520 0.95354600 0.00000000 0.00000000 II-A-2 136,622,700.00 4.49904% 216.91885521 0.81327173 0.00000000 0.00000000 II-X 0.00 0.77600% 216.91885521 0.14027420 0.00000000 0.00000000 III-A 114,934,600.00 5.31419% 256.37169451 1.13533992 0.00000000 0.00000000 R-I 50.00 4.76385% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.76385% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 100.00 4.76385% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,700,800.00 5.09425% 626.69398579 2.66044353 0.00000000 0.00000000 B-2 4,123,600.00 5.09425% 626.69398584 2.66044476 0.00000000 0.00000000 B-3 2,834,800.00 5.09425% 626.69398547 2.66044518 0.00000000 0.00000000 B-4 1,030,900.00 5.09425% 626.69398584 2.66044233 0.00000000 0.00000000 B-5 1,030,900.00 5.09425% 626.69398584 2.66044233 0.00000000 0.00000000 B-6 1,031,044.46 5.09425% 626.69393520 2.66044783 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 0.00000000 0.00000000 0.35854670 0.00000000 84.08116756 II-A-1 0.00000000 0.00000000 0.95354600 0.00000000 209.49160560 II-A-2 0.00000000 0.00000000 0.81327173 0.00000000 209.49160557 II-X 0.00000000 0.00000000 0.14027420 0.00000000 209.49160557 III-A 0.00000000 0.00000000 1.13533984 0.00000000 251.15033419 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 0.00000000 2.66044353 0.00000000 614.17300770 B-2 0.00000000 0.00000000 2.66044476 0.00000000 614.17300902 B-3 0.00000000 0.00000000 2.66044518 0.00000000 614.17300691 B-4 0.00000000 0.00000000 2.66044233 0.00000000 614.17300417 B-5 0.00000000 0.00000000 2.66044233 0.00000000 614.17300417 B-6 0.00000000 0.00000000 2.66044783 0.00000000 614.17295235 (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 3,700,792.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 15,280.01 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3,716,072.93 Withdrawals Reimbursement for Servicer Advances 14,605.84 Payment of Service Fee 25,547.76 Payment of Interest and Principal 3,675,919.33 Total Withdrawals (Pool Distribution Amount) 3,716,072.93 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 24,677.51 Miscellaneous Fee 47.93 Special Servicing fee 822.32 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 25,547.76
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 1 308,020.99 0.00 0.00 308,020.99 30 Days 2 0 0 0 2 845,216.94 0.00 0.00 0.00 845,216.94 60 Days 1 0 0 0 1 971,825.70 0.00 0.00 0.00 971,825.70 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 1,817,042.64 308,020.99 535,968.67 323,204.99 2,984,237.29 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 0.432900% 0.000000% 0.000000% 0.432900% 0.335605% 0.000000% 0.000000% 0.335605% 30 Days 0.865801% 0.000000% 0.000000% 0.000000% 0.865801% 0.920909% 0.000000% 0.000000% 0.000000% 0.920909% 60 Days 0.432900% 0.000000% 0.000000% 0.000000% 0.432900% 1.058856% 0.000000% 0.000000% 0.000000% 1.058856% 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% 0.432900% 0.432900% 0.865801% 0.000000% 0.000000% 0.583966% 0.352149% 0.936116% Totals 1.298701% 0.432900% 0.432900% 0.432900% 2.597403% 1.979765% 0.335605% 0.583966% 0.352149% 3.251486%
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 1 308,020.99 0.00 0.00 308,020.99 30 Days 1 0 0 0 1 729,716.94 0.00 0.00 0.00 729,716.94 60 Days 1 0 0 0 1 971,825.70 0.00 0.00 0.00 971,825.70 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 2 1 1 0 4 1,701,542.64 308,020.99 535,968.67 0.00 2,545,532.30 0-29 Days 2.222222% 0.000000% 0.000000% 2.222222% 1.352768% 0.000000% 0.000000% 1.352768% 30 Days 2.222222% 0.000000% 0.000000% 0.000000% 2.222222% 3.204774% 0.000000% 0.000000% 0.000000% 3.204774% 60 Days 2.222222% 0.000000% 0.000000% 0.000000% 2.222222% 4.268069% 0.000000% 0.000000% 0.000000% 4.268069% 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% 2.222222% 0.000000% 2.222222% 0.000000% 0.000000% 2.353870% 0.000000% 2.353870% Totals 4.444444% 2.222222% 2.222222% 0.000000% 8.888889% 7.472843% 1.352768% 2.353870% 0.000000% 11.179481% 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 1 115,500.00 0.00 0.00 0.00 115,500.00 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 1 1 0.00 0.00 0.00 323,204.99 323,204.99 Totals 1 0 0 1 2 115,500.00 0.00 0.00 323,204.99 438,704.99 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.052632% 0.000000% 0.000000% 0.000000% 1.052632% 0.308890% 0.000000% 0.000000% 0.000000% 0.308890% 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% 1.052632% 1.052632% 0.000000% 0.000000% 0.000000% 0.864370% 0.864370% Totals 1.052632% 0.000000% 0.000000% 1.052632% 2.105263% 0.308890% 0.000000% 0.000000% 0.864370% 1.173259% 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 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 15,280.01
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 293,309,544.46 56.90421238% 73,013,115.59 79.62999473% 20.370005% 0.000000% Class 2A1 268,309,544.46 52.05402821% 67,775,825.45 73.91807047% 5.711924% 50.903553% Class 2A2 131,686,844.46 25.54821794% 39,154,516.67 42.70292989% 31.215141% 278.183232% Class 3A 16,752,244.46 3.25005884% 10,288,653.47 11.22107193% 31.481858% 280.560165% Class B-1 10,051,444.46 1.95005427% 6,173,202.98 6.73265504% 4.488417% 39.999894% Class B-2 5,927,844.46 1.15004549% 3,640,599.16 3.97053173% 2.762123% 24.615503% Class B-3 3,093,044.46 0.60007341% 1,899,541.52 2.07168918% 1.898843% 16.922114% Class B-4 2,062,144.46 0.40007122% 1,266,390.57 1.38115835% 0.690531% 6.153876% Class B-5 1,031,244.46 0.20006902% 633,239.62 0.69062753% 0.690531% 6.153876% Class B-6 200.00 0.00003880% 0.00 0.00000000% 0.690628% 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 5.489178% Weighted Average Net Coupon 5.177323% Weighted Average Pass-Through Rate 5.166325% Weighted Average Maturity(Stepdown Calculation ) 333 Beginning Scheduled Collateral Loan Count 239 Number Of Loans Paid In Full 8 Ending Scheduled Collateral Loan Count 231 Beginning Scheduled Collateral Balance 94,957,570.20 Ending Scheduled Collateral Balance 91,690,468.95 Ending Actual Collateral Balance at 30-Nov-2004 91,780,725.20 Monthly P &I Constant 523,458.59 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3,421,599.48 Ending Scheduled Balance for Premium Loans 91,690,468.95 Scheduled Principal 89,092.75 Unscheduled Principal 3,178,008.50
Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage Group 1 82.681624% Senior Percentage Group 2 90.789581% Senior Percentage Group 3 91.417452% Senior Prep. Percentage Group 1 91.340812% Senior Prep. Percentage Group 2 95.394790% Senior Prep. Percentage Group 3 95.708726% Subordinate Percentage Group 1 17.318376% Subordinate Percentage Group 2 9.210419% Subordinate Percentage Group 3 8.582548% Subordinate Prep. Percentage Group 1 8.659188% Subordinate Prep. Percentage Group 2 4.605210% Subordinate Prep. Percentage Group 3 4.291274%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.147791 5.546089 5.676351 Weighted Average Net Rate 4.794522 5.293597 5.324354 Weighted Average Maturity 332 334 333 Beginning Loan Count 48 98 93 Loans Paid In Full 3 3 2 Ending Loan Count 45 95 91 Beginning Scheduled Balance 24,109,559.80 38,615,676.59 32,232,333.81 Ending scheduled Balance 22,730,526.53 37,355,382.68 31,604,559.74 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 135,738.34 218,482.88 169,237.37 Scheduled Principal 32,312.52 40,011.22 16,769.01 Unscheduled Principal 1,346,720.75 1,220,282.69 611,005.06 Scheduled Interest 103,425.82 178,471.66 152,468.36 Servicing Fees 7,097.64 8,125.13 9,454.74 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 0.00 597.24 273.01 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 96,328.18 169,749.29 142,740.61 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 4.794522 5.275037 5.314190
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.489178 Weighted Average Net Rate 5.177323 Weighted Average Maturity 333 Beginning Loan Count 239 Loans Paid In Full 8 Ending Loan Count 231 Beginning Scheduled Balance 94,957,570.20 Ending scheduled Balance 91,690,468.95 Record Date 11/30/2004 Principal And Interest Constant 523,458.59 Scheduled Principal 89,092.75 Unscheduled Principal 3,178,008.50 Scheduled Interest 434,365.84 Servicing Fees 24,677.51 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 870.25 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 408,818.08 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 5.166325
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