-----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, BP85WhjzkpO40emyEkxDiC9bmuZXuQMR4Z4hxzdR0W6ysKSvobnbEULTZHBXU421 j62ZsgXh+5DzBy7dDNJqJg== 0001056404-05-000200.txt : 20050105 0001056404-05-000200.hdr.sgml : 20050105 20050105063616 ACCESSION NUMBER: 0001056404-05-000200 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: THORNBURG MORTGAGE SECURITIES TRUST 2002-4 CENTRAL INDEX KEY: 0001207971 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: 333-56240-09 FILM NUMBER: 05510357 BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 11201 FORMER COMPANY: FORMER CONFORMED NAME: STRUCTURED ASSET MORT INV INC MORT PASS THR CERT SER 2002-4 DATE OF NAME CHANGE: 20021127 8-K 1 thb02004_dec.txt DECEMBER 8K 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 THORNBURG MORTGAGE SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2002-4 Trust (Exact name of registrant as specified in its charter) Delaware (governing law of 333-56240-09 90-0073156 Pooling and Servicing Agreement) (Commission 90-0191888 (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 December 27, 2004 a distribution was made to holders of THORNBURG MORTGAGE SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2002-4 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 2002-4 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. THORNBURG MORTGAGE SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2002-4 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 2002-4 Trust, relating to the December 27, 2004 distribution. EX-99.1
Thornburg Mortgage Home Loans, Inc. Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Thornburg Mortgage Home Loans, Inc. Mortgage Pass-Through Certificates Series 2002-4 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 885220CA9 SEN 3.46349% 220,323,683.35 635,907.34 7,961,629.01 II-A 885220CB7 SEN 4.32036% 54,148,776.25 194,951.72 3,561,114.60 III-A 885220CC5 SEN 4.85006% 71,488,256.72 288,935.05 1,319,180.96 IV-A 885220CD3 SEN 5.60625% 10,766,846.21 50,301.38 5,145.50 B-1 885220CE1 SUB 4.19325% 9,733,689.92 34,013.18 168,974.89 B-2 885220CF8 SUB 4.19325% 5,677,970.18 19,840.97 98,568.41 B-3 885220CG6 SUB 4.19325% 3,650,110.30 12,754.86 63,365.18 B-4 885220CK7 SUB 4.19325% 1,216,828.33 4,252.06 21,123.89 B-5 885220CL5 SUB 4.19325% 811,031.54 2,834.05 14,079.34 B-6 885220CM3 SUB 4.19325% 2,433,667.91 8,504.15 42,247.98 R-I 885220CH4 SEN 0.00000% 0.00 0.00 0.00 R-II 885220CJ0 SEN 0.00000% 0.00 0.00 0.00 Totals 380,250,860.71 1,252,294.76 13,255,429.76
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 212,362,054.34 8,597,536.35 0.00 II-A 0.00 50,587,661.65 3,756,066.32 0.00 III-A 0.00 70,169,075.76 1,608,116.01 0.00 IV-A 0.00 10,761,700.71 55,446.88 0.00 B-1 0.00 9,564,715.04 202,988.07 0.00 B-2 0.00 5,579,401.76 118,409.38 0.00 B-3 0.00 3,586,745.13 76,120.04 0.00 B-4 0.00 1,195,704.44 25,375.95 0.00 B-5 0.00 796,952.20 16,913.39 0.00 B-6 0.00 2,391,419.92 50,752.13 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 366,995,430.95 14,507,724.52 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 328,742,400.00 220,323,683.35 8,503.61 7,953,125.40 0.00 0.00 II-A 191,023,000.00 54,148,776.25 15,883.99 3,545,230.61 0.00 0.00 III-A 305,617,600.00 71,488,256.72 32,055.12 1,287,125.84 0.00 0.00 IV-A 15,424,900.00 10,766,846.21 3,358.91 1,786.59 0.00 0.00 B-1 10,391,000.00 9,733,689.92 2,411.52 166,563.36 0.00 0.00 B-2 6,061,400.00 5,677,970.18 1,406.72 97,161.70 0.00 0.00 B-3 3,896,600.00 3,650,110.30 904.31 62,460.86 0.00 0.00 B-4 1,299,000.00 1,216,828.33 301.47 20,822.42 0.00 0.00 B-5 865,800.00 811,031.54 200.93 13,878.41 0.00 0.00 B-6 2,598,012.00 2,433,667.91 602.94 41,645.04 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 865,919,812.00 380,250,860.71 65,629.52 13,189,800.23 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 7,961,629.01 212,362,054.34 0.64598316 7,961,629.01 II-A 3,561,114.60 50,587,661.65 0.26482498 3,561,114.60 III-A 1,319,180.96 70,169,075.76 0.22959763 1,319,180.96 IV-A 5,145.50 10,761,700.71 0.69768366 5,145.50 B-1 168,974.89 9,564,715.04 0.92048071 168,974.89 B-2 98,568.41 5,579,401.76 0.92048071 98,568.41 B-3 63,365.18 3,586,745.13 0.92048071 63,365.18 B-4 21,123.89 1,195,704.44 0.92048071 21,123.89 B-5 14,079.34 796,952.20 0.92048071 14,079.34 B-6 42,247.98 2,391,419.92 0.92048071 42,247.98 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 13,255,429.76 366,995,430.95 0.42382150 13,255,429.76
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 328,742,400.00 670.20160268 0.02586709 24.19257571 0.00000000 II-A 191,023,000.00 283.46731153 0.08315224 18.55918193 0.00000000 III-A 305,617,600.00 233.91407013 0.10488637 4.21155666 0.00000000 IV-A 15,424,900.00 698.01724549 0.21775895 0.11582506 0.00000000 B-1 10,391,000.00 936.74236551 0.23207776 16.02957944 0.00000000 B-2 6,061,400.00 936.74236645 0.23207840 16.02958062 0.00000000 B-3 3,896,600.00 936.74236514 0.23207668 16.02957963 0.00000000 B-4 1,299,000.00 936.74236336 0.23207852 16.02957660 0.00000000 B-5 865,800.00 936.74236544 0.23207438 16.02957958 0.00000000 B-6 2,598,012.00 936.74236686 0.23207745 16.02957954 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes Are Per $1000 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 24.21844280 645.98315988 0.64598316 24.21844280 II-A 0.00000000 18.64233417 264.82497736 0.26482498 18.64233417 III-A 0.00000000 4.31644303 229.59762710 0.22959763 4.31644303 IV-A 0.00000000 0.33358401 697.68366148 0.69768366 0.33358401 B-1 0.00000000 16.26165817 920.48070831 0.92048071 16.26165817 B-2 0.00000000 16.26165737 920.48070743 0.92048071 16.26165737 B-3 0.00000000 16.26165888 920.48070882 0.92048071 16.26165888 B-4 0.00000000 16.26165512 920.48070824 0.92048071 16.26165512 B-5 0.00000000 16.26165396 920.48071148 0.92048071 16.26165396 B-6 0.00000000 16.26165699 920.48070602 0.92048071 16.26165699 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 328,742,400.00 3.46349% 220,323,683.35 635,907.35 0.00 0.00 II-A 191,023,000.00 4.32036% 54,148,776.25 194,951.73 0.00 0.00 III-A 305,617,600.00 4.85006% 71,488,256.72 288,935.05 0.00 0.00 IV-A 15,424,900.00 5.60625% 10,766,846.21 50,301.38 0.00 0.00 B-1 10,391,000.00 4.19325% 9,733,689.92 34,013.18 0.00 0.00 B-2 6,061,400.00 4.19325% 5,677,970.18 19,840.97 0.00 0.00 B-3 3,896,600.00 4.19325% 3,650,110.30 12,754.86 0.00 0.00 B-4 1,299,000.00 4.19325% 1,216,828.33 4,252.06 0.00 0.00 B-5 865,800.00 4.19325% 811,031.54 2,834.05 0.00 0.00 B-6 2,598,012.00 4.19325% 2,433,667.91 8,504.15 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 865,919,812.00 1,252,294.78 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 0.01 0.00 635,907.34 0.00 212,362,054.34 II-A 0.00 0.00 194,951.72 0.00 50,587,661.65 III-A 0.00 0.00 288,935.05 0.00 70,169,075.76 IV-A 0.00 0.00 50,301.38 0.00 10,761,700.71 B-1 0.00 0.00 34,013.18 0.00 9,564,715.04 B-2 0.00 0.00 19,840.97 0.00 5,579,401.76 B-3 0.00 0.00 12,754.86 0.00 3,586,745.13 B-4 0.00 0.00 4,252.06 0.00 1,195,704.44 B-5 0.00 0.00 2,834.05 0.00 796,952.20 B-6 0.00 0.00 8,504.15 0.00 2,391,419.92 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 0.01 0.00 1,252,294.76 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 328,742,400.00 3.46349% 670.20160268 1.93436365 0.00000000 0.00000000 II-A 191,023,000.00 4.32036% 283.46731153 1.02056679 0.00000000 0.00000000 III-A 305,617,600.00 4.85006% 233.91407013 0.94541365 0.00000000 0.00000000 IV-A 15,424,900.00 5.60625% 698.01724549 3.26105064 0.00000000 0.00000000 B-1 10,391,000.00 4.19325% 936.74236551 3.27333077 0.00000000 0.00000000 B-2 6,061,400.00 4.19325% 936.74236645 3.27333124 0.00000000 0.00000000 B-3 3,896,600.00 4.19325% 936.74236514 3.27333060 0.00000000 0.00000000 B-4 1,299,000.00 4.19325% 936.74236336 3.27333333 0.00000000 0.00000000 B-5 865,800.00 4.19325% 936.74236544 3.27333102 0.00000000 0.00000000 B-6 2,598,012.00 4.19325% 936.74236686 3.27332976 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) All Classes Are Per $1000 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 0.00000003 0.00000000 1.93436362 0.00000000 645.98315988 II-A 0.00000000 0.00000000 1.02056674 0.00000000 264.82497736 III-A 0.00000000 0.00000000 0.94541365 0.00000000 229.59762710 IV-A 0.00000000 0.00000000 3.26105064 0.00000000 697.68366148 B-1 0.00000000 0.00000000 3.27333077 0.00000000 920.48070831 B-2 0.00000000 0.00000000 3.27333124 0.00000000 920.48070743 B-3 0.00000000 0.00000000 3.27333060 0.00000000 920.48070882 B-4 0.00000000 0.00000000 3.27333333 0.00000000 920.48070824 B-5 0.00000000 0.00000000 3.27333102 0.00000000 920.48071148 B-6 0.00000000 0.00000000 3.27332976 0.00000000 920.48070602 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 14,607,844.65 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,385.32 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 14,626,229.97 Withdrawals Reimbursement for Servicer Advances 7,984.58 Payment of Service Fee 110,520.87 Payment of Interest and Principal 14,507,724.52 Total Withdrawals (Pool Distribution Amount) 14,626,229.97 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 104,183.39 Master Servicing Fee- Wells Fargo 6,020.63 Trustee Fee - Deutsche Bank 316.85 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 110,520.87
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 5 0 0 0 5 3,975,427.33 0.00 0.00 0.00 3,975,427.33 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 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5 0 0 0 5 3,975,427.33 0.00 0.00 0.00 3,975,427.33 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.978474% 0.000000% 0.000000% 0.000000% 0.978474% 1.794278% 0.000000% 0.000000% 0.000000% 1.794278% 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 0.978474% 0.000000% 0.000000% 0.000000% 0.978474% 1.794278% 0.000000% 0.000000% 0.000000% 1.794278% 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 1,159,718.25 0.00 0.00 0.00 1,159,718.25 60 Days 1 0 0 0 1 460,000.00 0.00 0.00 0.00 460,000.00 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 3 0 0 0 3 1,619,718.25 0.00 0.00 0.00 1,619,718.25 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.854701% 0.000000% 0.000000% 0.000000% 0.854701% 1.476818% 0.000000% 0.000000% 0.000000% 1.476818% 60 Days 0.427350% 0.000000% 0.000000% 0.000000% 0.427350% 0.585777% 0.000000% 0.000000% 0.000000% 0.585777% 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 1.282051% 0.000000% 0.000000% 0.000000% 1.282051% 2.062595% 0.000000% 0.000000% 0.000000% 2.062595% 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%
Original $ Original % Current $ Current % Bankruptcy 169,214.00 0.01954153 % 169,214.00 0.04610793 % Fraud 8,659,197.00 1.99999987 % 3,802,508.61 1.03611879 % Special Hazard 12,000,000.00 1.38580961 % 5,025,249.94 1.36929496 % Limit of Subordinate's Exposure to Certain Types of Losses COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.300789% Weighted Average Net Coupon 3.972006% Weighted Average Pass-Through Rate 3.952006% Weighted Average Maturity(Stepdown Calculation ) 336 Beginning Scheduled Collateral Loan Count 960 Number Of Loans Paid In Full 30 Ending Scheduled Collateral Loan Count 930 Beginning Scheduled Collateral Balance 380,250,861.18 Ending Scheduled Collateral Balance 366,995,431.42 Ending Actual Collateral Balance at 30-Nov-2004 367,041,144.43 Monthly P &I Constant 1,428,445.18 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 14,017,165.58 Ending Scheduled Balance for Premium Loans 366,995,431.42 Scheduled Principal 65,629.52 Unscheduled Principal 13,189,800.24
Miscellaneous Reporting Senior Percentage Group 1 95.924560% Senior PrePayment Percentage Grp 1 97.962280% Subordinate Percentage Group 1 4.075440% Subordinate PrePayment Percentage Grp 1 2.037720% Senior Percentage Group 2 91.076288% Senior PrePayment Percentage Grp 2 95.538144% Subordinate Percentage Group 2 8.923712% Subordinate PrePayment Percentage Grp 2 4.461856% Senior Percentage Group 3 89.475883% Senior PrePayment Percentage Grp 3 94.737942% Subordinate Percentage Group 3 10.524117% Subordinate PrePayment Percentage Grp 3 5.262059% Senior Percentage Group 4 95.999307% Senior PrePayment Percentage Grp 4 97.999653% Subordinate Percentage Group 4 4.000693% Subordinate PrePayment Percentage Grp 4 2.000347%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.858017 4.595416 5.133256 Weighted Average Net Rate 3.483490 4.340357 4.870056 Weighted Average Maturity 336 338 335 Beginning Loan Count 529 172 240 Loans Paid In Full 18 6 6 Ending Loan Count 511 166 234 Beginning Scheduled Balance 229,684,330.84 59,454,307.51 79,896,677.02 Ending scheduled Balance 221,556,907.05 55,726,065.98 78,502,234.53 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 747,303.26 245,121.37 377,600.51 Scheduled Principal 8,864.89 17,440.31 35,825.43 Unscheduled Principal 8,118,558.90 3,710,801.22 1,358,617.06 Scheduled Interest 738,438.37 227,681.06 341,775.08 Servicing Fees 71,685.88 12,636.94 17,524.00 Master Servicing Fees 3,636.67 941.35 1,265.02 Trustee Fee 191.40 49.53 66.57 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 662,924.42 214,053.24 322,919.49 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 3.463490 4.320357 4.850056
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.876253 4.300789 Weighted Average Net Rate 5.626253 3.972006 Weighted Average Maturity 334 336 Beginning Loan Count 19 960 Loans Paid In Full 0 30 Ending Loan Count 19 930 Beginning Scheduled Balance 11,215,545.81 380,250,861.18 Ending scheduled Balance 11,210,223.86 366,995,431.42 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 58,420.04 1,428,445.18 Scheduled Principal 3,498.89 65,629.52 Unscheduled Principal 1,823.06 13,189,800.24 Scheduled Interest 54,921.15 1,362,815.66 Servicing Fees 2,336.57 104,183.39 Master Servicing Fees 177.59 6,020.63 Trustee Fee 9.35 316.85 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 52,397.64 1,252,294.79 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 5.606253 3.952006
-----END PRIVACY-ENHANCED MESSAGE-----