-----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, HewZxeN0rOaRB8rWSnXPg49a5hSx3/CfIHig3DmBSCo+UM5N2PjAkYBWaX3ydBBo GHIYCC3UALcOmlFMhqHC+A== 0001056404-05-000320.txt : 20050106 0001056404-05-000320.hdr.sgml : 20050106 20050106084109 ACCESSION NUMBER: 0001056404-05-000320 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: 20050106 DATE AS OF CHANGE: 20050106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRIME MORTGAGE TRUST 2003-1 CENTRAL INDEX KEY: 0001236963 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-44658-31 FILM NUMBER: 05514502 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 FORMER COMPANY: FORMER CONFORMED NAME: STRUCTURED ASSET MORT INV INC MORT PASS THR CERTS SER 2003-1 DATE OF NAME CHANGE: 20030529 8-K 1 prm03001_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 PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-31 Pooling and Servicing Agreement) (Commission 54-2116958 (State or other File Number) 54-2126959 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 PRIME MORTGAGE TRUST, Mortgage Pass-Through Certificates, Series 2003-1 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 2003-1 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. PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2003-1 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: 1/5/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-1 Trust, relating to the December 27, 2004 distribution. EX-99.1
Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Series 2003-1 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 A-1 74160MAA0 SEN 4.75000% 0.00 0.00 0.00 A-2 74160MAB8 SEN 2.68000% 5,933,131.81 13,250.66 204,927.26 A-3 74160MAC6 SEN 0.75000% 0.00 19,855.65 0.00 A-4 74160MAD4 SEN 5.32000% 0.00 26,303.55 0.00 A-5 74160MAE2 SEN 4.75000% 51,546,153.62 204,036.86 1,780,377.07 A-6 74160MAF9 SEN 5.50000% 10,201,966.42 46,759.01 2,407,050.34 A-7 74160MAG7 SEN 5.00000% 70,775,143.00 294,896.43 0.00 A-8 74160MAH5 SEN 2.75000% 11,795,857.00 27,032.17 0.00 A-9 74160MAJ1 SEN 5.75000% 0.00 56,521.81 0.00 A-10 74160MAK8 SEN 5.50000% 0.00 0.00 0.00 A-11 74160MAL6 SEN 5.45000% 13,375,000.00 60,744.79 0.00 A-12 74160MAM4 SEN 3.19000% 0.00 0.00 0.00 A-13 74160MAN2 SEN 10.58200% 0.00 0.00 0.00 A-14 74160MAW2 SEN 0.25000% 0.00 3,270.83 0.00 A-15 74160MAX0 SEN 5.25000% 15,700,000.00 68,687.50 0.00 PO 74160MAP7 PO 0.00000% 550,254.50 0.00 2,305.67 X 74160MAQ5 SEN 0.21578% 0.00 34,212.07 0.00 R-I PRM0301R1 SEN 5.50000% 0.00 0.00 0.00 R-II PRM0301R2 SEN 5.50000% 0.00 0.00 0.00 B-1 74160MAT9 SUB 5.50000% 5,277,061.17 24,186.53 6,383.90 B-2 74160MAU6 SUB 5.50000% 1,872,695.25 8,583.19 2,265.48 B-3 74160MAV4 SUB 5.50000% 1,362,138.35 6,243.13 1,647.84 B-4 74160MAY8 SUB 5.50000% 681,069.18 3,121.57 823.92 B-5 74160MAZ5 SUB 5.50000% 510,556.89 2,340.05 617.64 B-6 74160MBA9 SUB 5.50000% 681,814.99 3,124.99 824.82 Totals 190,262,842.18 903,170.79 4,407,223.94
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 0.00 0.00 0.00 A-2 0.00 5,728,204.56 218,177.92 0.00 A-3 0.00 0.00 19,855.65 0.00 A-4 0.00 0.00 26,303.55 0.00 A-5 0.00 49,765,776.55 1,984,413.93 0.00 A-6 0.00 7,794,916.09 2,453,809.35 0.00 A-7 0.00 70,775,143.00 294,896.43 0.00 A-8 0.00 11,795,857.00 27,032.17 0.00 A-9 0.00 0.00 56,521.81 0.00 A-10 0.00 0.00 0.00 0.00 A-11 0.00 13,375,000.00 60,744.79 0.00 A-12 0.00 0.00 0.00 0.00 A-13 0.00 0.00 0.00 0.00 A-14 0.00 0.00 3,270.83 0.00 A-15 0.00 15,700,000.00 68,687.50 0.00 PO 0.00 547,948.83 2,305.67 0.00 X 0.00 0.00 34,212.07 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 5,270,677.28 30,570.43 0.00 B-2 0.00 1,870,429.76 10,848.67 0.00 B-3 0.00 1,360,490.51 7,890.97 0.00 B-4 0.00 680,245.26 3,945.49 0.00 B-5 0.00 509,939.25 2,957.69 0.00 B-6 0.00 680,990.16 3,949.81 0.00 Totals 0.00 185,855,618.25 5,310,394.73 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) A-1 4,750,000.00 0.00 0.00 0.00 0.00 0.00 A-2 13,250,000.00 5,933,131.81 10,121.44 194,805.81 0.00 0.00 A-3 0.00 0.00 0.00 0.00 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 110,364,000.00 51,546,153.62 87,933.57 1,692,443.50 0.00 0.00 A-6 23,373,000.00 10,201,966.42 118,885.22 2,288,165.11 0.00 0.00 A-7 70,775,143.00 70,775,143.00 0.00 0.00 0.00 0.00 A-8 11,795,857.00 11,795,857.00 0.00 0.00 0.00 0.00 A-9 0.00 0.00 0.00 0.00 0.00 0.00 A-10 50,000,000.00 0.00 0.00 0.00 0.00 0.00 A-11 13,375,000.00 13,375,000.00 0.00 0.00 0.00 0.00 A-12 15,655,750.00 0.00 0.00 0.00 0.00 0.00 A-13 7,116,250.00 0.00 0.00 0.00 0.00 0.00 A-14 0.00 0.00 0.00 0.00 0.00 0.00 A-15 15,700,000.00 15,700,000.00 0.00 0.00 0.00 0.00 PO 699,845.00 550,254.50 992.91 1,312.76 0.00 0.00 X 0.00 0.00 0.00 0.00 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 B-1 5,385,000.00 5,277,061.17 6,383.90 0.00 0.00 0.00 B-2 1,911,000.00 1,872,695.25 2,265.48 0.00 0.00 0.00 B-3 1,390,000.00 1,362,138.35 1,647.84 0.00 0.00 0.00 B-4 695,000.00 681,069.18 823.92 0.00 0.00 0.00 B-5 521,000.00 510,556.89 617.64 0.00 0.00 0.00 B-6 695,761.00 681,814.99 824.82 0.00 0.00 0.00 Totals 347,452,706.00 190,262,842.18 230,496.74 4,176,727.18 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 A-1 0.00 0.00 0.00000000 0.00 A-2 204,927.26 5,728,204.56 0.43231733 204,927.26 A-3 0.00 0.00 0.00000000 0.00 A-4 0.00 0.00 0.00000000 0.00 A-5 1,780,377.07 49,765,776.55 0.45092400 1,780,377.07 A-6 2,407,050.34 7,794,916.09 0.33350088 2,407,050.34 A-7 0.00 70,775,143.00 1.00000000 0.00 A-8 0.00 11,795,857.00 1.00000000 0.00 A-9 0.00 0.00 0.00000000 0.00 A-10 0.00 0.00 0.00000000 0.00 A-11 0.00 13,375,000.00 1.00000000 0.00 A-12 0.00 0.00 0.00000000 0.00 A-13 0.00 0.00 0.00000000 0.00 A-14 0.00 0.00 0.00000000 0.00 A-15 0.00 15,700,000.00 1.00000000 0.00 PO 2,305.67 547,948.83 0.78295741 2,305.67 X 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 6,383.90 5,270,677.28 0.97877015 6,383.90 B-2 2,265.48 1,870,429.76 0.97877015 2,265.48 B-3 1,647.84 1,360,490.51 0.97877015 1,647.84 B-4 823.92 680,245.26 0.97877016 823.92 B-5 617.64 509,939.25 0.97877015 617.64 B-6 824.82 680,990.16 0.97877024 824.82 Totals 4,407,223.94 185,855,618.25 0.53490911 4,407,223.94
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 4,750,000.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 13,250,000.00 447.78353283 0.76388226 14.70232528 0.00000000 A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 110,364,000.00 467.05586622 0.79675954 15.33510474 0.00000000 A-6 23,373,000.00 436.48510760 5.08643392 97.89779275 0.00000000 A-7 70,775,143.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-8 11,795,857.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-9 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-10 50,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 A-11 13,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-12 15,655,750.00 0.00000000 0.00000000 0.00000000 0.00000000 A-13 7,116,250.00 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-15 15,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 PO 699,845.00 786.25195579 1.41875701 1.87578678 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 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 B-1 5,385,000.00 979.95564903 1.18549675 0.00000000 0.00000000 B-2 1,911,000.00 979.95565149 1.18549451 0.00000000 0.00000000 B-3 1,390,000.00 979.95564748 1.18549640 0.00000000 0.00000000 B-4 695,000.00 979.95565468 1.18549640 0.00000000 0.00000000 B-5 521,000.00 979.95564299 1.18548944 0.00000000 0.00000000 B-6 695,761.00 979.95574630 1.18549329 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 A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 15.46620830 432.31732528 0.43231733 15.46620830 A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 16.13186429 450.92400194 0.45092400 16.13186429 A-6 0.00000000 102.98422710 333.50088093 0.33350088 102.98422710 A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 PO 0.00000000 3.29454379 782.95741200 0.78295741 3.29454379 X 0.00000000 0.00000000 0.00000000 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 B-1 0.00000000 1.18549675 978.77015413 0.97877015 1.18549675 B-2 0.00000000 1.18549451 978.77015175 0.97877015 1.18549451 B-3 0.00000000 1.18549640 978.77015108 0.97877015 1.18549640 B-4 0.00000000 1.18549640 978.77015827 0.97877016 1.18549640 B-5 0.00000000 1.18548944 978.77015355 0.97877015 1.18548944 B-6 0.00000000 1.18549329 978.77023863 0.97877024 1.18549329 (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 A-1 4,750,000.00 4.75000% 0.00 0.00 0.00 0.00 A-2 13,250,000.00 2.68000% 5,933,131.81 13,250.66 0.00 0.00 A-3 0.00 0.75000% 31,769,047.43 19,855.65 0.00 0.00 A-4 0.00 5.32000% 5,933,131.81 26,303.55 0.00 0.00 A-5 110,364,000.00 4.75000% 51,546,153.62 204,036.86 0.00 0.00 A-6 23,373,000.00 5.50000% 10,201,966.42 46,759.01 0.00 0.00 A-7 70,775,143.00 5.00000% 70,775,143.00 294,896.43 0.00 0.00 A-8 11,795,857.00 2.75000% 11,795,857.00 27,032.17 0.00 0.00 A-9 0.00 5.75000% 11,795,857.00 56,521.81 0.00 0.00 A-10 50,000,000.00 5.50000% 0.00 0.00 0.00 0.00 A-11 13,375,000.00 5.45000% 13,375,000.00 60,744.79 0.00 0.00 A-12 15,655,750.00 3.19000% 0.00 0.00 0.00 0.00 A-13 7,116,250.00 10.58200% 0.00 0.00 0.00 0.00 A-14 0.00 0.25000% 15,700,000.00 3,270.83 0.00 0.00 A-15 15,700,000.00 5.25000% 15,700,000.00 68,687.50 0.00 0.00 PO 699,845.00 0.00000% 550,254.50 0.00 0.00 0.00 X 0.00 0.21578% 190,262,842.18 34,212.07 0.00 0.00 R-I 50.00 5.50000% 0.00 0.00 0.00 0.00 R-II 50.00 5.50000% 0.00 0.00 0.00 0.00 B-1 5,385,000.00 5.50000% 5,277,061.17 24,186.53 0.00 0.00 B-2 1,911,000.00 5.50000% 1,872,695.25 8,583.19 0.00 0.00 B-3 1,390,000.00 5.50000% 1,362,138.35 6,243.13 0.00 0.00 B-4 695,000.00 5.50000% 681,069.18 3,121.57 0.00 0.00 B-5 521,000.00 5.50000% 510,556.89 2,340.05 0.00 0.00 B-6 695,761.00 5.50000% 681,814.99 3,124.99 0.00 0.00 Totals 347,452,706.00 903,170.79 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 A-1 0.00 0.00 0.00 0.00 0.00 A-2 0.00 0.00 13,250.66 0.00 5,728,204.56 A-3 0.00 0.00 19,855.65 0.00 30,671,761.22 A-4 0.00 0.00 26,303.55 0.00 5,728,204.56 A-5 0.00 0.00 204,036.86 0.00 49,765,776.55 A-6 0.00 0.00 46,759.01 0.00 7,794,916.09 A-7 0.00 0.00 294,896.43 0.00 70,775,143.00 A-8 0.00 0.00 27,032.17 0.00 11,795,857.00 A-9 0.00 0.00 56,521.81 0.00 11,795,857.00 A-10 0.00 0.00 0.00 0.00 0.00 A-11 0.00 0.00 60,744.79 0.00 13,375,000.00 A-12 0.00 0.00 0.00 0.00 0.00 A-13 0.00 0.00 0.00 0.00 0.00 A-14 0.00 0.00 3,270.83 0.00 15,700,000.00 A-15 0.00 0.00 68,687.50 0.00 15,700,000.00 PO 0.00 0.00 0.00 0.00 547,948.83 X 0.00 0.00 34,212.07 0.00 185,855,618.25 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 24,186.53 0.00 5,270,677.28 B-2 0.00 0.00 8,583.19 0.00 1,870,429.76 B-3 0.00 0.00 6,243.13 0.00 1,360,490.51 B-4 0.00 0.00 3,121.57 0.00 680,245.26 B-5 0.00 0.00 2,340.05 0.00 509,939.25 B-6 0.00 0.00 3,124.99 0.00 680,990.16 Totals 0.00 0.00 903,170.79 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 A-1 4,750,000.00 4.75000% 0.00000000 0.00000000 0.00000000 0.00000000 A-2 13,250,000.00 2.68000% 447.78353283 1.00004981 0.00000000 0.00000000 A-3 0.00 0.75000% 447.78353303 0.27986464 0.00000000 0.00000000 A-4 0.00 5.32000% 447.78353283 1.98517358 0.00000000 0.00000000 A-5 110,364,000.00 4.75000% 467.05586622 1.84876282 0.00000000 0.00000000 A-6 23,373,000.00 5.50000% 436.48510760 2.00055663 0.00000000 0.00000000 A-7 70,775,143.00 5.00000% 1000.00000000 4.16666668 0.00000000 0.00000000 A-8 11,795,857.00 2.75000% 1000.00000000 2.29166647 0.00000000 0.00000000 A-9 0.00 5.75000% 1000.00000000 4.79166626 0.00000000 0.00000000 A-10 50,000,000.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 A-11 13,375,000.00 5.45000% 1000.00000000 4.54166654 0.00000000 0.00000000 A-12 15,655,750.00 3.19000% 0.00000000 0.00000000 0.00000000 0.00000000 A-13 7,116,250.00 10.58200% 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00 0.25000% 1000.00000000 0.20833312 0.00000000 0.00000000 A-15 15,700,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 PO 699,845.00 0.00000% 786.25195579 0.00000000 0.00000000 0.00000000 X 0.00 0.21578% 547.59349660 0.09846540 0.00000000 0.00000000 R-I 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,385,000.00 5.50000% 979.95564903 4.49146332 0.00000000 0.00000000 B-2 1,911,000.00 5.50000% 979.95565149 4.49146520 0.00000000 0.00000000 B-3 1,390,000.00 5.50000% 979.95564748 4.49146043 0.00000000 0.00000000 B-4 695,000.00 5.50000% 979.95565468 4.49146763 0.00000000 0.00000000 B-5 521,000.00 5.50000% 979.95564299 4.49145873 0.00000000 0.00000000 B-6 695,761.00 5.50000% 979.95574630 4.49147049 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 A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 1.00004981 0.00000000 432.31732528 A-3 0.00000000 0.00000000 0.27986464 0.00000000 432.31732502 A-4 0.00000000 0.00000000 1.98517358 0.00000000 432.31732528 A-5 0.00000000 0.00000000 1.84876282 0.00000000 450.92400194 A-6 0.00000000 0.00000000 2.00055663 0.00000000 333.50088093 A-7 0.00000000 0.00000000 4.16666668 0.00000000 1000.00000000 A-8 0.00000000 0.00000000 2.29166647 0.00000000 1000.00000000 A-9 0.00000000 0.00000000 4.79166626 0.00000000 1000.00000000 A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-11 0.00000000 0.00000000 4.54166654 0.00000000 1000.00000000 A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00000000 0.00000000 0.20833312 0.00000000 1000.00000000 A-15 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000 PO 0.00000000 0.00000000 0.00000000 0.00000000 782.95741200 X 0.00000000 0.00000000 0.09846540 0.00000000 534.90911149 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.49146332 0.00000000 978.77015413 B-2 0.00000000 0.00000000 4.49146520 0.00000000 978.77015175 B-3 0.00000000 0.00000000 4.49146043 0.00000000 978.77015108 B-4 0.00000000 0.00000000 4.49146763 0.00000000 978.77015827 B-5 0.00000000 0.00000000 4.49145873 0.00000000 978.77015355 B-6 0.00000000 0.00000000 4.49147049 0.00000000 978.77023863 (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 5,349,823.20 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,808.13 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5,368,631.33 Withdrawals Reimbursement for Servicer Advances 16,455.69 Payment of Service Fee 41,780.91 Payment of Interest and Principal 5,310,394.73 Total Withdrawals (Pool Distribution Amount) 5,368,631.33 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 39,638.09 Master Servicing Fee 1,585.53 MBIA Premium Amount 557.29 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 41,780.91
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance MBIA Insurance Fund 0.00 0.00 0.00 0.00 Reserve Fund 19,681.85 0.00 0.00 19,681.85 Rounding Account 999.99 0.00 0.00 999.99
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 4 0 0 0 4 1,731,479.14 0.00 0.00 0.00 1,731,479.14 60 Days 3 0 0 0 3 1,386,736.35 0.00 0.00 0.00 1,386,736.35 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 7 0 0 0 7 3,118,215.49 0.00 0.00 0.00 3,118,215.49 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 0.973236% 0.000000% 0.000000% 0.000000% 0.973236% 0.930732% 0.000000% 0.000000% 0.000000% 0.930732% 60 Days 0.729927% 0.000000% 0.000000% 0.000000% 0.729927% 0.745421% 0.000000% 0.000000% 0.000000% 0.745421% 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 1.703163% 0.000000% 0.000000% 0.000000% 1.703163% 1.676153% 0.000000% 0.000000% 0.000000% 1.676153%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 18,808.13
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 11,297,706.00 3.25158095% 10,920,721.05 5.87591656% 94.402405% 100.000000% Class R-I 11,297,656.00 3.25156656% 10,920,721.05 5.87591656% 0.000000% 0.000000% Class R-II 11,297,606.00 3.25155217% 10,920,721.05 5.87591656% 0.000000% 0.000000% Class X 10,597,761.00 3.05013051% 10,372,772.22 5.58109156% 0.000000% 0.000000% Class B-1 5,212,761.00 1.50027929% 5,102,094.94 2.74519274% 2.844284% 0.000000% Class B-2 3,301,761.00 0.95027638% 3,231,665.18 1.73880414% 1.009364% 0.000000% Class B-3 1,911,761.00 0.55022193% 1,871,174.67 1.00678940% 0.734179% 0.000000% Class B-4 1,216,761.00 0.35019471% 1,190,929.41 0.64078203% 0.367090% 0.000000% Class B-5 695,761.00 0.20024625% 680,990.16 0.36640816% 0.275185% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.367492% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 5.959871% Weighted Average Pass-Through Rate 5.699871% Weighted Average Maturity(Stepdown Calculation ) 336 Beginning Scheduled Collateral Loan Count 422 Number Of Loans Paid In Full 11 Ending Scheduled Collateral Loan Count 411 Beginning Scheduled Collateral Balance 190,262,842.22 Ending Scheduled Collateral Balance 185,855,618.29 Ending Actual Collateral Balance at 30-Nov-2004 186,034,088.76 Monthly P &I Constant 1,175,448.44 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,247,925.98 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 185,855,618.29 Scheduled Principal 230,496.75 Unscheduled Principal 4,176,727.18
Miscellaneous Reporting Average Loss Severity 0.00 Senior Prepayment Percentage 100.000000% Senior Percentage 94.525753% Subordinate Percentage 5.474247% Subordinate Prepayment Percentage 0.000000%
-----END PRIVACY-ENHANCED MESSAGE-----