-----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, IQ0EQCS1zCuqmSAPcEBpNtngluQreZv8ZFwswfiPnE6+iNeMyb/EF04MPtz97Xfo ZlsbweXjMxEKh8zYDbaX+A== 0001056404-04-002551.txt : 20040804 0001056404-04-002551.hdr.sgml : 20040804 20040804145637 ACCESSION NUMBER: 0001056404-04-002551 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST 2003-4 CENTRAL INDEX KEY: 0001237229 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-44658-32 FILM NUMBER: 04951330 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst03004_jul.txt JULY 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): July 26, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-32 54-2120395 Pooling and Servicing Agreement) (Commission 54-2120396 (State or other File Number) 54-2120397 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) ITEM 5. Other Events On July 26, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-4 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-4 Trust, relating to the July 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 2003-4 Trust 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: 8/3/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-4 Trust, relating to the July 26, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 6/30/2004 Distribution Date: 7/26/2004 BST Series: 2003-4 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-1 07384MVM1 SEN 4.21553% 20,911,470.08 73,460.70 198,455.27 I-X-A-1 07384MVN9 SEN 0.17600% 0.00 3,067.02 0.00 II-A-1 07384MVP4 SEN 4.67559% 160,805,578.11 626,550.97 4,177,960.53 II-X-A-1 07384MVQ2 SEN 0.26600% 0.00 35,645.24 0.00 III-A-1 07384MVR0 SEN 4.97735% 167,347,835.71 694,123.64 4,408,359.53 III-X-A-1 07384MVS8 SEN 0.22400% 0.00 31,238.26 0.00 R-I 07384MVT6 SEN 4.55309% 0.00 0.00 0.00 R-II 07384MVU3 SEN 4.55309% 0.00 0.00 0.00 R-III 07384MVV1 SEN 4.55309% 0.00 0.00 0.00 B-1 07384MVW9 SUB 5.01195% 5,923,364.70 24,739.67 4,258.34 B-2 07384MVX7 SUB 5.01195% 4,512,935.95 18,848.84 3,244.38 B-3 07384MVY5 SUB 5.01195% 3,102,804.51 12,959.25 2,230.62 B-4 07384MVZ2 SUB 5.01195% 1,410,329.65 5,890.42 1,013.89 B-5 07384MWA6 SUB 5.01195% 846,138.33 3,534.00 608.29 B-6 07384MWB4 SUB 5.01195% 1,128,428.23 4,713.02 811.23 Totals 365,988,885.27 1,534,771.03 8,796,942.08
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 20,713,014.81 271,915.97 0.00 I-X-A-1 0.00 0.00 3,067.02 0.00 II-A-1 0.00 156,627,617.58 4,804,511.50 0.00 II-X-A-1 0.00 0.00 35,645.24 0.00 III-A-1 0.00 162,939,476.18 5,102,483.17 0.00 III-X-A-1 0.00 0.00 31,238.26 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 5,919,106.36 28,998.01 0.00 B-2 0.00 4,509,691.57 22,093.22 0.00 B-3 0.00 3,100,573.88 15,189.87 0.00 B-4 0.00 1,409,315.75 6,904.31 0.00 B-5 0.00 845,530.03 4,142.29 0.00 B-6 0.00 1,127,616.99 5,524.25 0.00 Totals 0.00 357,191,943.15 10,331,713.11 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-1 50,011,600.00 20,911,470.08 24,958.18 173,497.09 0.00 0.00 I-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 247,776,800.00 160,805,578.11 118,543.28 4,059,417.25 0.00 0.00 II-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 III-A-1 254,370,500.00 167,347,835.71 101,843.32 4,306,516.21 0.00 0.00 III-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 R-I 100.00 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 50.00 0.00 0.00 0.00 0.00 0.00 B-1 5,977,000.00 5,923,364.70 4,258.34 0.00 0.00 0.00 B-2 4,553,800.00 4,512,935.95 3,244.38 0.00 0.00 0.00 B-3 3,130,900.00 3,102,804.51 2,230.62 0.00 0.00 0.00 B-4 1,423,100.00 1,410,329.65 1,013.89 0.00 0.00 0.00 B-5 853,800.00 846,138.33 608.29 0.00 0.00 0.00 B-6 1,138,646.00 1,128,428.23 811.23 0.00 0.00 0.00 Totals 569,236,346.00 365,988,885.27 257,511.53 8,539,430.55 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-1 198,455.27 20,713,014.81 0.41416421 198,455.27 I-X-A-1 0.00 0.00 0.00000000 0.00 II-A-1 4,177,960.53 156,627,617.58 0.63213189 4,177,960.53 II-X-A-1 0.00 0.00 0.00000000 0.00 III-A-1 4,408,359.53 162,939,476.18 0.64055964 4,408,359.53 III-X-A-1 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 R-III 0.00 0.00 0.00000000 0.00 B-1 4,258.34 5,919,106.36 0.99031393 4,258.34 B-2 3,244.38 4,509,691.57 0.99031393 3,244.38 B-3 2,230.62 3,100,573.88 0.99031393 2,230.62 B-4 1,013.89 1,409,315.75 0.99031393 1,013.89 B-5 608.29 845,530.03 0.99031393 608.29 B-6 811.23 1,127,616.99 0.99031393 811.23 Totals 8,796,942.08 357,191,943.15 0.62749321 8,796,942.08
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 50,011,600.00 418.13239488 0.49904782 3.46913696 0.00000000 I-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 247,776,800.00 648.99368347 0.47842768 16.38336297 0.00000000 II-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 254,370,500.00 657.89010797 0.40037394 16.93009295 0.00000000 III-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,977,000.00 991.02638447 0.71245441 0.00000000 0.00000000 B-2 4,553,800.00 991.02638456 0.71245553 0.00000000 0.00000000 B-3 3,130,900.00 991.02638538 0.71245329 0.00000000 0.00000000 B-4 1,423,100.00 991.02638606 0.71245169 0.00000000 0.00000000 B-5 853,800.00 991.02638791 0.71245022 0.00000000 0.00000000 B-6 1,138,646.00 991.02638572 0.71245146 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 3.96818478 414.16421010 0.41416421 3.96818478 I-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 16.86179065 632.13189282 0.63213189 16.86179065 II-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 0.00000000 17.33046690 640.55964107 0.64055964 17.33046690 III-X-A-1 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 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.71245441 990.31393007 0.99031393 0.71245441 B-2 0.00000000 0.71245553 990.31392903 0.99031393 0.71245553 B-3 0.00000000 0.71245329 990.31392890 0.99031393 0.71245329 B-4 0.00000000 0.71245169 990.31392734 0.99031393 0.71245169 B-5 0.00000000 0.71245022 990.31392598 0.99031393 0.71245022 B-6 0.00000000 0.71245146 990.31392549 0.99031393 0.71245146 (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-1 50,011,600.00 4.21553% 20,911,470.08 73,460.70 0.00 0.00 I-X-A-1 0.00 0.17600% 20,911,470.08 3,067.02 0.00 0.00 II-A-1 247,776,800.00 4.67559% 160,805,578.11 626,550.97 0.00 0.00 II-X-A-1 0.00 0.26600% 160,805,578.11 35,645.24 0.00 0.00 III-A-1 254,370,500.00 4.97735% 167,347,835.71 694,123.64 0.00 0.00 III-X-A-1 0.00 0.22400% 167,347,835.71 31,238.26 0.00 0.00 R-I 100.00 4.55309% 0.00 0.00 0.00 0.00 R-II 50.00 4.55309% 0.00 0.00 0.00 0.00 R-III 50.00 4.55309% 0.00 0.00 0.00 0.00 B-1 5,977,000.00 5.01195% 5,923,364.70 24,739.67 0.00 0.00 B-2 4,553,800.00 5.01195% 4,512,935.95 18,848.84 0.00 0.00 B-3 3,130,900.00 5.01195% 3,102,804.51 12,959.25 0.00 0.00 B-4 1,423,100.00 5.01195% 1,410,329.65 5,890.42 0.00 0.00 B-5 853,800.00 5.01195% 846,138.33 3,534.00 0.00 0.00 B-6 1,138,646.00 5.01195% 1,128,428.23 4,713.02 0.00 0.00 Totals 569,236,346.00 1,534,771.03 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-1 0.00 0.00 73,460.70 0.00 20,713,014.81 I-X-A-1 0.00 0.00 3,067.02 0.00 20,713,014.81 II-A-1 0.00 0.00 626,550.97 0.00 156,627,617.58 II-X-A-1 0.00 0.00 35,645.24 0.00 156,627,617.58 III-A-1 0.00 0.00 694,123.64 0.00 162,939,476.18 III-X-A-1 0.00 0.00 31,238.26 0.00 162,939,476.18 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 24,739.67 0.00 5,919,106.36 B-2 0.00 0.00 18,848.84 0.00 4,509,691.57 B-3 0.00 0.00 12,959.25 0.00 3,100,573.88 B-4 0.00 0.00 5,890.42 0.00 1,409,315.75 B-5 0.00 0.00 3,534.00 0.00 845,530.03 B-6 0.00 0.00 4,713.02 0.00 1,127,616.99 Totals 0.00 0.00 1,534,771.03 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-1 50,011,600.00 4.21553% 418.13239488 1.46887322 0.00000000 0.00000000 I-X-A-1 0.00 0.17600% 418.13239488 0.06132617 0.00000000 0.00000000 II-A-1 247,776,800.00 4.67559% 648.99368347 2.52869102 0.00000000 0.00000000 II-X-A-1 0.00 0.26600% 648.99368347 0.14386028 0.00000000 0.00000000 III-A-1 254,370,500.00 4.97735% 657.89010797 2.72878986 0.00000000 0.00000000 III-X-A-1 0.00 0.22400% 657.89010797 0.12280614 0.00000000 0.00000000 R-I 100.00 4.55309% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.55309% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 4.55309% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,977,000.00 5.01195% 991.02638447 4.13914506 0.00000000 0.00000000 B-2 4,553,800.00 5.01195% 991.02638456 4.13914533 0.00000000 0.00000000 B-3 3,130,900.00 5.01195% 991.02638538 4.13914529 0.00000000 0.00000000 B-4 1,423,100.00 5.01195% 991.02638606 4.13914693 0.00000000 0.00000000 B-5 853,800.00 5.01195% 991.02638791 4.13914266 0.00000000 0.00000000 B-6 1,138,646.00 5.01195% 991.02638572 4.13914421 0.00000000 0.00000000 (5) Per $1 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.00000000 0.00000000 1.46887322 0.00000000 414.16421010 I-X-A-1 0.00000000 0.00000000 0.06132617 0.00000000 414.16421010 II-A-1 0.00000000 0.00000000 2.52869102 0.00000000 632.13189282 II-X-A-1 0.00000000 0.00000000 0.14386028 0.00000000 632.13189282 III-A-1 0.00000000 0.00000000 2.72878986 0.00000000 640.55964107 III-X-A-1 0.00000000 0.00000000 0.12280614 0.00000000 640.55964107 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 4.13914506 0.00000000 990.31393007 B-2 0.00000000 0.00000000 4.13914533 0.00000000 990.31392903 B-3 0.00000000 0.00000000 4.13914529 0.00000000 990.31392890 B-4 0.00000000 0.00000000 4.13914693 0.00000000 990.31392734 B-5 0.00000000 0.00000000 4.13914266 0.00000000 990.31392598 B-6 0.00000000 0.00000000 4.13914421 0.00000000 990.31392549 (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 10,414,929.35 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 9,738.46 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 10,424,667.81 Withdrawals Reimbursement for Servicer Advances 7,020.61 Payment of Service Fee 85,934.09 Payment of Interest and Principal 10,331,713.11 Total Withdrawals (Pool Distribution Amount) 10,424,667.81 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 85,654.58 Miscellaneous Fee 279.51 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 85,934.09
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 3 0 0 0 3 2,198,507.64 0.00 0.00 0.00 2,198,507.64 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 3 0 0 0 3 2,198,507.64 0.00 0.00 0.00 2,198,507.64 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 0.385109% 0.000000% 0.000000% 0.000000% 0.385109% 0.615163% 0.000000% 0.000000% 0.000000% 0.615163% 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 0.385109% 0.000000% 0.000000% 0.000000% 0.385109% 0.615163% 0.000000% 0.000000% 0.000000% 0.615163%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 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 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 3 0 0 0 3 2,198,507.64 0.00 0.00 0.00 2,198,507.64 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 3 0 0 0 3 2,198,507.64 0.00 0.00 0.00 2,198,507.64 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.837989% 0.000000% 0.000000% 0.000000% 0.837989% 1.338044% 0.000000% 0.000000% 0.000000% 1.338044% 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 0.837989% 0.000000% 0.000000% 0.000000% 0.837989% 1.338044% 0.000000% 0.000000% 0.000000% 1.338044% 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 9,738.46
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 519,224,746.00 91.21426445% 336,478,928.34 94.20115279% 95.265337% 0.000000% Class R-I 519,224,646.00 91.21424689% 336,478,928.34 94.20115279% 0.000000% 0.000000% Class R-II 519,224,596.00 91.21423810% 336,478,928.34 94.20115279% 0.000000% 0.000000% Class R-III 519,224,546.00 91.21422932% 336,478,928.34 94.20115279% 0.000000% 0.000000% Class 2A1 271,447,746.00 47.68629901% 179,851,310.76 50.35144663% 43.849706% 926.142086% Class B-1 11,100,246.00 1.95002411% 10,992,728.22 3.07754092% 1.657122% 34.999789% Class B-2 6,546,446.00 1.15004006% 6,483,036.65 1.81500081% 1.262540% 26.665892% Class B-3 3,415,546.00 0.60002247% 3,382,462.77 0.94695942% 0.868041% 18.333752% Class B-4 1,992,446.00 0.35002087% 1,973,147.02 0.55240524% 0.394554% 8.333311% Class B-5 1,138,646.00 0.20003045% 1,127,616.99 0.31568937% 0.236716% 4.999635% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.315689% 6.667621% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.313949% Weighted Average Net Coupon 5.033105% Weighted Average Pass-Through Rate 5.032189% Weighted Average Maturity(Stepdown Calculation ) 345 Beginning Scheduled Collateral Loan Count 798 Number Of Loans Paid In Full 19 Ending Scheduled Collateral Loan Count 779 Beginning Scheduled Collateral Balance 365,988,885.49 Ending Scheduled Collateral Balance 357,191,943.39 Ending Actual Collateral Balance at 30-Jun-2004 357,386,144.64 Monthly P &I Constant 1,878,216.66 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,248,861.17 Ending Scheduled Balance for Premium Loans 357,191,943.39 Scheduled Principal 257,511.55 Unscheduled Principal 8,539,430.55
Miscellaneous Reporting Senior Percentage Group 1 93.210954% Senior Percentage Group 2 95.491890% Senior Percentage Group 3 95.541501% Senior Prepayment Percentage Group 1 100.000000% Senior Prepayment Percentage Group 2 100.000000% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 1 6.789046% Subordinate Percentage Group 2 4.508110% Subordinate Percentage Group 3 4.458499% Subordinate Prepay Percent Group 1 0.000000% Subordinate Prepay Percent Group 2 0.000000% Subordinate Prepay Percent Group 3 0.000000% Average Loss Severity Group 1 0.00 Average Loss Severity Group 2 0.00 Average Loss Severity Group 3 0.00
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.739538 5.225971 5.472103 Weighted Average Net Rate 4.391526 4.943583 5.201348 Weighted Average Maturity 346 346 347 Beginning Loan Count 58 369 371 Loans Paid In Full 0 11 8 Ending Loan Count 58 358 363 Beginning Scheduled Balance 22,434,562.77 168,397,104.71 175,157,218.01 Ending scheduled Balance 22,234,289.66 164,213,547.83 170,744,105.90 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 115,383.90 857,504.96 905,327.80 Scheduled Principal 26,776.02 124,139.63 106,595.90 Unscheduled Principal 173,497.09 4,059,417.25 4,306,516.21 Scheduled Interest 88,607.88 733,365.33 798,731.90 Servicing Fees 6,506.25 39,627.76 39,520.57 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 0.00 279.51 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 82,101.63 693,458.06 759,211.33 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 4.391526 4.941591 5.201348
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.313949 Weighted Average Net Rate 5.033105 Weighted Average Maturity 345 Beginning Loan Count 798 Loans Paid In Full 19 Ending Loan Count 779 Beginning Scheduled Balance 365,988,885.49 Ending scheduled Balance 357,191,943.39 Record Date 06/30/2004 Principal And Interest Constant 1,878,216.66 Scheduled Principal 257,511.55 Unscheduled Principal 8,539,430.55 Scheduled Interest 1,620,705.11 Servicing Fees 85,654.58 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 279.51 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,534,771.02 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 5.032189
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