-----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, WnGDwTEDh31lQnFhZJJEtZ0DPDPlAvZxsIOPPpgmY9eEU4wHulrc1ci5tgpWN2qm 8hSSvhUnnpJ+V9wNSlRlVQ== 0001056404-04-003385.txt : 20041005 0001056404-04-003385.hdr.sgml : 20041005 20041005114325 ACCESSION NUMBER: 0001056404-04-003385 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040927 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041005 DATE AS OF CHANGE: 20041005 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: 041064825 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst03004_sep.txt SEPT. 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): September 27, 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) 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 September 27, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-4 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 2003-4 Trust, relating to the September 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 2003-4 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: 9/29/04 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 September 27, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 8/31/04 Distribution Date: 9/27/04 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 4.18517% 19,942,488.63 69,552.23 40,708.84 I-X-A-1 07384MVN9 SEN 0.17600% 0.00 2,924.90 0.00 II-A-1 07384MVP4 SEN 4.67218% 152,334,616.87 593,112.64 2,165,238.97 II-X-A-1 07384MVQ2 SEN 0.26600% 0.00 33,767.51 0.00 III-A-1 07384MVR0 SEN 4.97335% 162,236,021.23 672,380.99 1,361,325.81 III-X-A-1 07384MVS8 SEN 0.22400% 0.00 30,284.06 0.00 R-I 07384MVT6 SEN 4.55616% 0.00 0.00 0.00 R-II 07384MVU3 SEN 4.55616% 0.00 0.00 0.00 R-III 07384MVV1 SEN 4.55616% 0.00 0.00 0.00 B-1 07384MVW9 SUB 5.00592% 5,914,833.12 24,674.34 4,313.84 B-2 07384MVX7 SUB 5.00592% 4,506,435.84 18,799.06 3,286.66 B-3 07384MVY5 SUB 5.00592% 3,098,335.45 12,925.03 2,259.69 B-4 07384MVZ2 SUB 5.00592% 1,408,298.31 5,874.86 1,027.11 B-5 07384MWA6 SUB 5.00592% 844,919.61 3,524.67 616.22 B-6 07384MWB4 SUB 5.00592% 1,126,802.92 4,700.57 821.81 Totals 351,412,751.98 1,472,520.86 3,579,598.95
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 19,901,779.79 110,261.07 0.00 I-X-A-1 0.00 0.00 2,924.90 0.00 II-A-1 0.00 150,169,377.91 2,758,351.61 0.00 II-X-A-1 0.00 0.00 33,767.51 0.00 III-A-1 0.00 160,874,695.41 2,033,706.80 0.00 III-X-A-1 0.00 0.00 30,284.06 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 5,910,519.28 28,988.18 0.00 B-2 0.00 4,503,149.19 22,085.72 0.00 B-3 0.00 3,096,075.76 15,184.72 0.00 B-4 0.00 1,407,271.20 6,901.97 0.00 B-5 0.00 844,303.39 4,140.89 0.00 B-6 0.00 1,125,981.12 5,522.38 0.00 Totals 0.00 347,833,153.05 5,052,119.81 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 19,942,488.63 25,750.29 14,958.55 0.00 0.00 I-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 247,776,800.00 152,334,616.87 112,286.81 2,052,952.16 0.00 0.00 II-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 III-A-1 254,370,500.00 162,236,021.23 99,338.23 1,261,987.58 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 5,914,833.12 4,313.84 0.00 0.00 0.00 B-2 4,553,800.00 4,506,435.84 3,286.66 0.00 0.00 0.00 B-3 3,130,900.00 3,098,335.45 2,259.69 0.00 0.00 0.00 B-4 1,423,100.00 1,408,298.31 1,027.11 0.00 0.00 0.00 B-5 853,800.00 844,919.61 616.22 0.00 0.00 0.00 B-6 1,138,646.00 1,126,802.92 821.81 0.00 0.00 0.00 Totals 569,236,346.00 351,412,751.98 249,700.66 3,329,898.29 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 40,708.84 19,901,779.79 0.39794327 40,708.84 I-X-A-1 0.00 0.00 0.00000000 0.00 II-A-1 2,165,238.97 150,169,377.91 0.60606715 2,165,238.97 II-X-A-1 0.00 0.00 0.00000000 0.00 III-A-1 1,361,325.81 160,874,695.41 0.63244242 1,361,325.81 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 4,313.84 5,910,519.28 0.98887724 4,313.84 B-2 3,286.66 4,503,149.19 0.98887724 3,286.66 B-3 2,259.69 3,096,075.76 0.98887724 2,259.69 B-4 1,027.11 1,407,271.20 0.98887724 1,027.11 B-5 616.22 844,303.39 0.98887724 616.22 B-6 821.81 1,125,981.12 0.98887725 821.81 Totals 3,579,598.95 347,833,153.05 0.61105226 3,579,598.95
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 50,011,600.00 398.75726092 0.51488635 0.29910161 0.00000000 I-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 247,776,800.00 614.80581261 0.45317725 8.28548984 0.00000000 II-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 254,370,500.00 637.79416729 0.39052575 4.96121830 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 5,977,000.00 989.59898277 0.72174000 0.00000000 0.00000000 B-2 4,553,800.00 989.59898107 0.72174009 0.00000000 0.00000000 B-3 3,130,900.00 989.59898112 0.72173816 0.00000000 0.00000000 B-4 1,423,100.00 989.59898110 0.72174127 0.00000000 0.00000000 B-5 853,800.00 989.59898103 0.72173811 0.00000000 0.00000000 B-6 1,138,646.00 989.59897984 0.72174319 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 0.81398795 397.94327296 0.39794327 0.81398795 I-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 8.73866710 606.06714555 0.60606715 8.73866710 II-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 0.00000000 5.35174405 632.44242320 0.63244242 5.35174405 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 0.72174000 988.87724276 0.98887724 0.72174000 B-2 0.00000000 0.72174009 988.87724318 0.98887724 0.72174009 B-3 0.00000000 0.72173816 988.87724297 0.98887724 0.72173816 B-4 0.00000000 0.72174127 988.87723983 0.98887724 0.72174127 B-5 0.00000000 0.72173811 988.87724291 0.98887724 0.72173811 B-6 0.00000000 0.72174319 988.87724543 0.98887725 0.72174319 (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 4.18517% 19,942,488.63 69,552.23 0.00 0.00 I-X-A-1 0.00 0.17600% 19,942,488.63 2,924.90 0.00 0.00 II-A-1 247,776,800.00 4.67218% 152,334,616.87 593,112.64 0.00 0.00 II-X-A-1 0.00 0.26600% 152,334,616.87 33,767.51 0.00 0.00 III-A-1 254,370,500.00 4.97335% 162,236,021.23 672,380.99 0.00 0.00 III-X-A-1 0.00 0.22400% 162,236,021.23 30,284.06 0.00 0.00 R-I 100.00 4.55616% 0.00 0.00 0.00 0.00 R-II 50.00 4.55616% 0.00 0.00 0.00 0.00 R-III 50.00 4.55616% 0.00 0.00 0.00 0.00 B-1 5,977,000.00 5.00592% 5,914,833.12 24,674.34 0.00 0.00 B-2 4,553,800.00 5.00592% 4,506,435.84 18,799.06 0.00 0.00 B-3 3,130,900.00 5.00592% 3,098,335.45 12,925.03 0.00 0.00 B-4 1,423,100.00 5.00592% 1,408,298.31 5,874.86 0.00 0.00 B-5 853,800.00 5.00592% 844,919.61 3,524.67 0.00 0.00 B-6 1,138,646.00 5.00592% 1,126,802.92 4,700.57 0.00 0.00 Totals 569,236,346.00 1,472,520.86 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 69,552.23 0.00 19,901,779.79 I-X-A-1 0.00 0.00 2,924.90 0.00 19,901,779.79 II-A-1 0.00 0.00 593,112.64 0.00 150,169,377.91 II-X-A-1 0.00 0.00 33,767.51 0.00 150,169,377.91 III-A-1 0.01 0.00 672,380.99 0.00 160,874,695.41 III-X-A-1 0.00 0.00 30,284.06 0.00 160,874,695.41 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 24,674.34 0.00 5,910,519.28 B-2 0.00 0.00 18,799.06 0.00 4,503,149.19 B-3 0.00 0.00 12,925.03 0.00 3,096,075.76 B-4 0.00 0.00 5,874.86 0.00 1,407,271.20 B-5 0.00 0.00 3,524.67 0.00 844,303.39 B-6 0.00 0.00 4,700.57 0.00 1,125,981.12 Totals 0.01 0.00 1,472,520.86 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 4.18517% 398.75726092 1.39072195 0.00000000 0.00000000 I-X-A-1 0.00 0.17600% 398.75726092 0.05848443 0.00000000 0.00000000 II-A-1 247,776,800.00 4.67218% 614.80581261 2.39373759 0.00000000 0.00000000 II-X-A-1 0.00 0.26600% 614.80581261 0.13628197 0.00000000 0.00000000 III-A-1 254,370,500.00 4.97335% 637.79416729 2.64331355 0.00000000 0.00000000 III-X-A-1 0.00 0.22400% 637.79416729 0.11905492 0.00000000 0.00000000 R-I 100.00 4.55616% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.55616% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 4.55616% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,977,000.00 5.00592% 989.59898277 4.12821482 0.00000000 0.00000000 B-2 4,553,800.00 5.00592% 989.59898107 4.12821380 0.00000000 0.00000000 B-3 3,130,900.00 5.00592% 989.59898112 4.12821553 0.00000000 0.00000000 B-4 1,423,100.00 5.00592% 989.59898110 4.12821306 0.00000000 0.00000000 B-5 853,800.00 5.00592% 989.59898103 4.12821504 0.00000000 0.00000000 B-6 1,138,646.00 5.00592% 989.59897984 4.12821017 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 1.39072195 0.00000000 397.94327296 I-X-A-1 0.00000000 0.00000000 0.05848443 0.00000000 397.94327296 II-A-1 0.00000000 0.00000000 2.39373759 0.00000000 606.06714555 II-X-A-1 0.00000000 0.00000000 0.13628197 0.00000000 606.06714555 III-A-1 0.00000004 0.00000000 2.64331355 0.00000000 632.44242320 III-X-A-1 0.00000000 0.00000000 0.11905492 0.00000000 632.44242320 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 4.12821482 0.00000000 988.87724276 B-2 0.00000000 0.00000000 4.12821380 0.00000000 988.87724318 B-3 0.00000000 0.00000000 4.12821553 0.00000000 988.87724297 B-4 0.00000000 0.00000000 4.12821306 0.00000000 988.87723983 B-5 0.00000000 0.00000000 4.12821504 0.00000000 988.87724291 B-6 0.00000000 0.00000000 4.12821017 0.00000000 988.87724543 (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 5,130,649.33 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,220.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5,148,869.33 Withdrawals Reimbursement for Servicer Advances 14,292.96 Payment of Service Fee 82,456.56 Payment of Interest and Principal 5,052,119.81 Total Withdrawals (Pool Distribution Amount) 5,148,869.33 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 0.01
SERVICING FEES Gross Servicing Fee 82,456.56 Miscellaneous Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 82,456.56
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 7 0 0 0 7 3,923,105.00 0.00 0.00 0.00 3,923,105.00 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 7 0 0 0 7 3,923,105.00 0.00 0.00 0.00 3,923,105.00 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 0.919842% 0.000000% 0.000000% 0.000000% 0.919842% 1.127245% 0.000000% 0.000000% 0.000000% 1.127245% 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 0.919842% 0.000000% 0.000000% 0.000000% 0.919842% 1.127245% 0.000000% 0.000000% 0.000000% 1.127245%
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 1 0 0 0 1 439,121.15 0.00 0.00 0.00 439,121.15 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 439,121.15 0.00 0.00 0.00 439,121.15 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.754386% 0.000000% 0.000000% 0.000000% 1.754386% 2.048346% 0.000000% 0.000000% 0.000000% 2.048346% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.754386% 0.000000% 0.000000% 0.000000% 1.754386% 2.048346% 0.000000% 0.000000% 0.000000% 2.048346% 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 5 0 0 0 5 3,174,315.59 0.00 0.00 0.00 3,174,315.59 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 3,174,315.59 0.00 0.00 0.00 3,174,315.59 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.445087% 0.000000% 0.000000% 0.000000% 1.445087% 2.011128% 0.000000% 0.000000% 0.000000% 2.011128% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.445087% 0.000000% 0.000000% 0.000000% 1.445087% 2.011128% 0.000000% 0.000000% 0.000000% 2.011128% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 309,668.26 0.00 0.00 0.00 309,668.26 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 309,668.26 0.00 0.00 0.00 309,668.26 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.279330% 0.000000% 0.000000% 0.000000% 0.279330% 0.183506% 0.000000% 0.000000% 0.000000% 0.183506% 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 0.279330% 0.000000% 0.000000% 0.000000% 0.279330% 0.183506% 0.000000% 0.000000% 0.000000% 0.183506%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 18,220.00
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 519,224,746.00 91.21426445% 327,931,373.26 94.27835449% 95.145000% 0.000000% Class R-I 519,224,646.00 91.21424689% 327,931,373.26 94.27835449% 0.000000% 0.000000% Class R-II 519,224,596.00 91.21423810% 327,931,373.26 94.27835449% 0.000000% 0.000000% Class R-III 519,224,546.00 91.21422932% 327,931,373.26 94.27835449% 0.000000% 0.000000% Class 2A1 271,447,746.00 47.68629901% 177,761,995.35 51.10553542% 43.172819% 889.244453% Class B-1 11,100,246.00 1.95002411% 10,976,780.66 3.15576033% 1.699240% 34.999789% Class B-2 6,546,446.00 1.15004006% 6,473,631.47 1.86113124% 1.294629% 26.665892% Class B-3 3,415,546.00 0.60002247% 3,377,555.71 0.97102754% 0.890104% 18.333752% Class B-4 1,992,446.00 0.35002087% 1,970,284.51 0.56644529% 0.404582% 8.333311% Class B-5 1,138,646.00 0.20003045% 1,125,981.12 0.32371300% 0.242732% 4.999635% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.323713% 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 5.309918% Weighted Average Net Coupon 5.028346% Weighted Average Pass-Through Rate 5.028346% Weighted Average Maturity(Stepdown Calculation ) 343 Beginning Scheduled Collateral Loan Count 767 Number Of Loans Paid In Full 6 Ending Scheduled Collateral Loan Count 761 Beginning Scheduled Collateral Balance 351,412,752.22 Ending Scheduled Collateral Balance 347,833,153.27 Ending Actual Collateral Balance at 31-Aug-2004 348,026,055.78 Monthly P &I Constant 1,804,678.06 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,969,295.94 Ending Scheduled Balance for Premium Loans 347,833,153.27 Scheduled Principal 249,700.66 Unscheduled Principal 3,329,898.29
Miscellaneous Reporting Senior Percentage Group 1 92.920528% Senior Percentage Group 2 95.259755% Senior Percentage Group 3 95.412806% 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 7.079472% Subordinate Percentage Group 2 4.740245% Subordinate Percentage Group 3 4.587194% 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 4.708052 5.222077 5.468497 Weighted Average Net Rate 4.361168 4.938183 5.197354 Weighted Average Maturity 344 344 345 Beginning Loan Count 57 349 361 Loans Paid In Full 0 3 3 Ending Loan Count 57 346 358 Beginning Scheduled Balance 21,461,876.12 159,914,979.07 170,035,897.03 Ending scheduled Balance 21,419,205.40 157,744,152.57 168,669,795.30 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 111,915.20 813,781.34 878,981.52 Scheduled Principal 27,712.17 117,874.34 104,114.15 Unscheduled Principal 14,958.55 2,052,952.16 1,261,987.58 Scheduled Interest 84,203.03 695,907.00 774,867.37 Servicing Fees 6,203.99 37,832.50 38,420.07 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 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 77,999.04 658,074.50 736,447.30 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 4.361168 4.938183 5.197354
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.309918 Weighted Average Net Rate 5.028346 Weighted Average Maturity 343 Beginning Loan Count 767 Loans Paid In Full 6 Ending Loan Count 761 Beginning Scheduled Balance 351,412,752.22 Ending scheduled Balance 347,833,153.27 Record Date 08/31/2004 Principal And Interest Constant 1,804,678.06 Scheduled Principal 249,700.66 Unscheduled Principal 3,329,898.29 Scheduled Interest 1,554,977.40 Servicing Fees 82,456.56 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,472,520.84 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 5.028346
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