-----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, DkggQEOQxCCkYGDBaN+rLhZKrhhX27ibfg/KfA+Bx9VjtaLSriZBrNepqjtwlLJS b7ct/j69Kuss62pXlFJhWQ== 0001056404-04-004376.txt : 20041206 0001056404-04-004376.hdr.sgml : 20041206 20041206143002 ACCESSION NUMBER: 0001056404-04-004376 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041206 DATE AS OF CHANGE: 20041206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORT INVEST INC MORT PAS THR CERT SE 03 CL1 CENTRAL INDEX KEY: 0001251610 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133633241 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-44658-33 FILM NUMBER: 041186010 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 sam03cl1_nov.txt NOVEMBER 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): November 26, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-CL1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-33 54-2121824 Pooling and Servicing Agreement) (Commission 54-2121825 (State or other File Number) 54-2121826 jurisdiction 54-2121827 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2003-CL1 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-CL1 Trust, relating to the November 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. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-CL1 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: 12/4/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-CL1 Trust, relating to the November 26, 2004 distribution. EX-99.1
Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 SAM Series: 2003-CL1 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-F1 86358HSS9 SEN 2.33250% 37,050,203.00 71,429.21 1,383,047.44 I-S1 86358HST7 SEN 5.66750% 0.00 173,558.43 0.00 I-F2 86358HSU4 SEN 2.53250% 13,662,993.68 28,599.53 794,252.26 I-S2 86358HSV2 SEN 4.96750% 0.00 56,097.99 0.00 I-I1 86358HSW0 SEN 0.91519% 0.00 42,040.51 0.00 I-I2 86358HSX8 SEN 2.80450% 0.00 6,176.55 0.00 I-PO 86358HSY6 SEN 0.00000% 1,342,759.72 0.00 83,056.55 II-A1 86358HSZ3 SEN 4.85768% 26,800,136.05 107,603.93 284,080.40 I-B1 86358HTA7 SUB 5.00000% 1,184,250.70 4,894.15 9,090.01 I-B2 86358HTB5 SUB 5.00000% 888,187.80 3,670.61 6,817.51 I-B3 86358HTC3 SUB 5.00000% 592,125.80 2,447.08 4,545.01 I-B4 86358HTL3 SUB 7.80451% 296,062.90 1,909.82 2,272.50 I-B5 86358HTM1 SUB 7.80451% 177,637.38 1,145.89 1,363.50 I-B6 86358HTN9 SUB 7.80451% 382,453.43 2,467.10 2,935.61 II-B1 86358HTD1 SUB 4.85768% 332,561.20 1,335.25 1,956.43 II-B2 86358HTE9 SUB 4.85768% 273,863.14 1,099.57 1,611.12 II-B3 86358HTF6 SUB 4.85768% 195,629.63 785.46 1,150.88 II-B4 86358HTP4 SUB 4.85768% 97,768.96 392.55 575.17 II-B5 86358HTQ2 SUB 4.85768% 58,698.06 235.68 345.32 II-B6 86358HTR0 SUB 4.85768% 136,966.17 549.93 805.76 R-I SAM03C1R1 RES 0.00000% 0.00 0.00 0.00 R-II SAM03C1R2 RES 0.00000% 0.00 0.00 0.00 R-III SAM03C1R3 RES 0.00000% 0.00 0.00 0.00 R-IV SAM03C1R4 RES 0.00000% 0.00 0.61 0.00 Totals 83,472,297.62 506,439.85 2,577,905.47
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-F1 0.00 35,667,155.57 1,454,476.65 0.00 I-S1 0.00 0.00 173,558.43 0.00 I-F2 0.00 12,868,741.43 822,851.79 0.00 I-S2 0.00 0.00 56,097.99 0.00 I-I1 0.00 0.00 42,040.51 0.00 I-I2 0.00 0.00 6,176.55 0.00 I-PO 0.00 1,259,703.17 83,056.55 0.00 II-A1 0.00 26,516,055.64 391,684.33 0.00 I-B1 0.00 1,175,160.69 13,984.16 0.00 I-B2 0.00 881,370.29 10,488.12 0.00 I-B3 0.00 587,580.79 6,992.09 0.00 I-B4 0.00 293,790.40 4,182.32 0.00 I-B5 0.00 176,273.88 2,509.39 0.00 I-B6 0.00 379,517.82 5,402.71 32,519.20 II-B1 0.00 330,604.77 3,291.68 0.00 II-B2 0.00 272,252.02 2,710.69 0.00 II-B3 0.00 194,478.76 1,936.34 0.00 II-B4 0.00 97,193.79 967.72 0.00 II-B5 0.00 58,352.74 581.00 0.00 II-B6 0.00 136,160.40 1,355.69 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 R-IV 0.00 0.00 0.61 0.00 Totals 0.00 80,894,392.16 3,084,345.32 32,519.20 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-F1 79,343,315.00 37,050,203.00 378,699.22 1,004,348.21 0.00 0.00 I-S1 0.00 0.00 0.00 0.00 0.00 0.00 I-F2 45,111,998.00 13,662,993.68 52,825.36 741,426.89 0.00 0.00 I-S2 0.00 0.00 0.00 0.00 0.00 0.00 I-I1 0.00 0.00 0.00 0.00 0.00 0.00 I-I2 0.00 0.00 0.00 0.00 0.00 0.00 I-PO 3,302,908.53 1,342,759.72 16,721.75 66,334.81 0.00 0.00 II-A1 41,462,000.00 26,800,136.05 157,641.77 126,438.63 0.00 0.00 I-B1 1,317,095.00 1,184,250.70 9,090.01 0.00 0.00 0.00 I-B2 987,821.00 888,187.80 6,817.51 0.00 0.00 0.00 I-B3 658,548.00 592,125.80 4,545.01 0.00 0.00 0.00 I-B4 329,274.00 296,062.90 2,272.50 0.00 0.00 0.00 I-B5 197,564.00 177,637.38 1,363.50 0.00 0.00 0.00 I-B6 460,983.00 382,453.43 2,935.61 0.00 0.00 0.00 II-B1 362,600.00 332,561.20 1,956.43 0.00 0.00 0.00 II-B2 298,600.00 273,863.14 1,611.12 0.00 0.00 0.00 II-B3 213,300.00 195,629.63 1,150.88 0.00 0.00 0.00 II-B4 106,600.00 97,768.96 575.17 0.00 0.00 0.00 II-B5 64,000.00 58,698.06 345.32 0.00 0.00 0.00 II-B6 149,338.00 136,966.17 805.76 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 R-III 50.00 0.00 0.00 0.00 0.00 0.00 R-IV 50.00 0.00 0.00 0.00 0.00 0.00 Totals 174,366,144.53 83,472,297.62 639,356.92 1,938,548.54 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-F1 1,383,047.44 35,667,155.57 0.44952944 1,383,047.44 I-S1 0.00 0.00 0.00000000 0.00 I-F2 794,252.26 12,868,741.43 0.28526206 794,252.26 I-S2 0.00 0.00 0.00000000 0.00 I-I1 0.00 0.00 0.00000000 0.00 I-I2 0.00 0.00 0.00000000 0.00 I-PO 83,056.55 1,259,703.17 0.38139208 83,056.55 II-A1 284,080.40 26,516,055.64 0.63952669 284,080.40 I-B1 9,090.01 1,175,160.69 0.89223685 9,090.01 I-B2 6,817.51 881,370.29 0.89223684 6,817.51 I-B3 4,545.01 587,580.79 0.89223685 4,545.01 I-B4 2,272.50 293,790.40 0.89223686 2,272.50 I-B5 1,363.50 176,273.88 0.89223684 1,363.50 I-B6 2,935.61 379,517.82 0.82327943 2,935.61 II-B1 1,956.43 330,604.77 0.91176164 1,956.43 II-B2 1,611.12 272,252.02 0.91176162 1,611.12 II-B3 1,150.88 194,478.76 0.91176165 1,150.88 II-B4 575.17 97,193.79 0.91176163 575.17 II-B5 345.32 58,352.74 0.91176156 345.32 II-B6 805.76 136,160.40 0.91175990 805.76 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 R-IV 0.00 0.00 0.00000000 0.00 Totals 2,577,905.47 80,894,392.16 0.46393405 2,577,905.47
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-F1 79,343,315.00 466.96061288 4.77291905 12.65825873 0.00000000 I-S1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-F2 45,111,998.00 302.86828972 1.17098250 16.43524833 0.00000000 I-S2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-I1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-I2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-PO 3,302,908.53 406.53857284 5.06273481 20.08375630 0.00000000 II-A1 41,462,000.00 646.37827529 3.80207829 3.04950629 0.00000000 I-B1 1,317,095.00 899.13840687 6.90155987 0.00000000 0.00000000 I-B2 987,821.00 899.13840665 6.90156415 0.00000000 0.00000000 I-B3 658,548.00 899.13840753 6.90156222 0.00000000 0.00000000 I-B4 329,274.00 899.13840753 6.90154704 0.00000000 0.00000000 I-B5 197,564.00 899.13840578 6.90156101 0.00000000 0.00000000 I-B6 460,983.00 829.64757919 6.36815240 0.00000000 0.00000000 II-B1 362,600.00 917.15719801 5.39555985 0.00000000 0.00000000 II-B2 298,600.00 917.15720027 5.39557937 0.00000000 0.00000000 II-B3 213,300.00 917.15719644 5.39559306 0.00000000 0.00000000 II-B4 106,600.00 917.15722326 5.39559099 0.00000000 0.00000000 II-B5 64,000.00 917.15718750 5.39562500 0.00000000 0.00000000 II-B6 149,338.00 917.15551300 5.39554567 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 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-F1 0.00000000 17.43117791 449.52943509 0.44952944 17.43117791 I-S1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-F2 0.00000000 17.60623105 285.26205889 0.28526206 17.60623105 I-S2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-I1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-I2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-PO 0.00000000 25.14648809 381.39208475 0.38139208 25.14648809 II-A1 0.00000000 6.85158458 639.52669046 0.63952669 6.85158458 I-B1 0.00000000 6.90155987 892.23684700 0.89223685 6.90155987 I-B2 0.00000000 6.90156415 892.23684250 0.89223684 6.90156415 I-B3 0.00000000 6.90156222 892.23684530 0.89223685 6.90156222 I-B4 0.00000000 6.90154704 892.23686049 0.89223686 6.90154704 I-B5 0.00000000 6.90156101 892.23684477 0.89223684 6.90156101 I-B6 0.00000000 6.36815240 823.27942679 0.82327943 6.36815240 II-B1 0.00000000 5.39555985 911.76163817 0.91176164 5.39555985 II-B2 0.00000000 5.39557937 911.76162090 0.91176162 5.39557937 II-B3 0.00000000 5.39559306 911.76165026 0.91176165 5.39559306 II-B4 0.00000000 5.39559099 911.76163227 0.91176163 5.39559099 II-B5 0.00000000 5.39562500 911.76156250 0.91176156 5.39562500 II-B6 0.00000000 5.39554567 911.75990036 0.91175990 5.39554567 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 R-IV 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-F1 79,343,315.00 2.33250% 37,050,203.00 72,016.33 0.00 0.00 I-S1 0.00 5.66750% 37,050,203.00 174,985.02 0.00 0.00 I-F2 45,111,998.00 2.53250% 13,662,993.68 28,834.61 0.00 0.00 I-S2 0.00 4.96750% 13,662,993.68 56,559.10 0.00 0.00 I-I1 0.00 0.91519% 55,576,523.35 42,386.07 0.00 0.00 I-I2 0.00 2.80450% 2,664,564.30 6,227.32 0.00 0.00 I-PO 3,302,908.53 0.00000% 1,342,759.72 0.00 0.00 0.00 II-A1 41,462,000.00 4.85768% 26,800,136.05 108,488.73 0.00 0.00 I-B1 1,317,095.00 5.00000% 1,184,250.70 4,934.38 0.00 0.00 I-B2 987,821.00 5.00000% 888,187.80 3,700.78 0.00 0.00 I-B3 658,548.00 5.00000% 592,125.80 2,467.19 0.00 0.00 I-B4 329,274.00 7.80451% 296,062.90 1,925.52 0.00 0.00 I-B5 197,564.00 7.80451% 177,637.38 1,155.31 0.00 0.00 I-B6 460,983.00 7.80451% 382,453.43 2,487.38 0.00 0.00 II-B1 362,600.00 4.85768% 332,561.20 1,346.23 0.00 0.00 II-B2 298,600.00 4.85768% 273,863.14 1,108.62 0.00 0.00 II-B3 213,300.00 4.85768% 195,629.63 791.92 0.00 0.00 II-B4 106,600.00 4.85768% 97,768.96 395.78 0.00 0.00 II-B5 64,000.00 4.85768% 58,698.06 237.61 0.00 0.00 II-B6 149,338.00 4.85768% 136,966.17 554.45 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 R-III 50.00 0.00000% 0.00 0.00 0.00 0.00 R-IV 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 174,366,144.53 510,602.35 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-F1 587.12 0.00 71,429.21 0.00 35,667,155.57 I-S1 1,426.59 0.00 173,558.43 0.00 35,667,155.57 I-F2 235.08 0.00 28,599.53 0.00 12,868,741.43 I-S2 461.11 0.00 56,097.99 0.00 12,868,741.43 I-I1 345.56 0.00 42,040.51 0.00 53,289,144.03 I-I2 50.77 0.00 6,176.55 0.00 2,644,111.77 I-PO 0.00 0.00 0.00 0.00 1,259,703.17 II-A1 884.80 0.00 107,603.93 0.00 26,516,055.64 I-B1 40.23 0.00 4,894.15 0.00 1,175,160.69 I-B2 30.17 0.00 3,670.61 0.00 881,370.29 I-B3 20.11 0.00 2,447.08 0.00 587,580.79 I-B4 15.70 0.00 1,909.82 0.00 293,790.40 I-B5 9.42 0.00 1,145.89 0.00 176,273.88 I-B6 20.28 0.00 2,467.10 0.00 379,517.82 II-B1 10.98 0.00 1,335.25 0.00 330,604.77 II-B2 9.04 0.00 1,099.57 0.00 272,252.02 II-B3 6.46 0.00 785.46 0.00 194,478.76 II-B4 3.23 0.00 392.55 0.00 97,193.79 II-B5 1.94 0.00 235.68 0.00 58,352.74 II-B6 4.52 0.00 549.93 0.00 136,160.40 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 R-IV 0.00 0.00 0.61 0.00 0.00 Totals 4,163.11 0.00 506,439.85 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-F1 79,343,315.00 2.33250% 466.96061288 0.90765467 0.00000000 0.00000000 I-S1 0.00 5.66750% 466.96061288 2.20541605 0.00000000 0.00000000 I-F2 45,111,998.00 2.53250% 302.86828972 0.63917830 0.00000000 0.00000000 I-S2 0.00 4.96750% 302.86828972 1.25374850 0.00000000 0.00000000 I-I1 0.00 0.91519% 421.96288344 0.32181481 0.00000000 0.00000000 I-I2 0.00 2.80450% 899.13840695 2.10136516 0.00000000 0.00000000 I-PO 3,302,908.53 0.00000% 406.53857284 0.00000000 0.00000000 0.00000000 II-A1 41,462,000.00 4.85768% 646.37827529 2.61658217 0.00000000 0.00000000 I-B1 1,317,095.00 5.00000% 899.13840687 3.74641161 0.00000000 0.00000000 I-B2 987,821.00 5.00000% 899.13840665 3.74640750 0.00000000 0.00000000 I-B3 658,548.00 5.00000% 899.13840753 3.74640877 0.00000000 0.00000000 I-B4 329,274.00 7.80451% 899.13840753 5.84777419 0.00000000 0.00000000 I-B5 197,564.00 7.80451% 899.13840578 5.84777591 0.00000000 0.00000000 I-B6 460,983.00 7.80451% 829.64757919 5.39581720 0.00000000 0.00000000 II-B1 362,600.00 4.85768% 917.15719801 3.71271373 0.00000000 0.00000000 II-B2 298,600.00 4.85768% 917.15720027 3.71272605 0.00000000 0.00000000 II-B3 213,300.00 4.85768% 917.15719644 3.71270511 0.00000000 0.00000000 II-B4 106,600.00 4.85768% 917.15722326 3.71275797 0.00000000 0.00000000 II-B5 64,000.00 4.85768% 917.15718750 3.71265625 0.00000000 0.00000000 II-B6 149,338.00 4.85768% 917.15551300 3.71271880 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 R-III 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-F1 0.00739974 0.00000000 0.90025492 0.00000000 449.52943509 I-S1 0.01797996 0.00000000 2.18743608 0.00000000 449.52943509 I-F2 0.00521103 0.00000000 0.63396727 0.00000000 285.26205889 I-S2 0.01022145 0.00000000 1.24352705 0.00000000 285.26205889 I-I1 0.00262365 0.00000000 0.31919116 0.00000000 404.59603292 I-I2 0.01713198 0.00000000 2.08423318 0.00000000 892.23684512 I-PO 0.00000000 0.00000000 0.00000000 0.00000000 381.39208475 II-A1 0.02134002 0.00000000 2.59524215 0.00000000 639.52669046 I-B1 0.03054449 0.00000000 3.71586712 0.00000000 892.23684700 I-B2 0.03054197 0.00000000 3.71586553 0.00000000 892.23684250 I-B3 0.03053688 0.00000000 3.71587189 0.00000000 892.23684530 I-B4 0.04768066 0.00000000 5.80009354 0.00000000 892.23686049 I-B5 0.04768075 0.00000000 5.80009516 0.00000000 892.23684477 I-B6 0.04399295 0.00000000 5.35182425 0.00000000 823.27942679 II-B1 0.03028130 0.00000000 3.68243243 0.00000000 911.76163817 II-B2 0.03027461 0.00000000 3.68241795 0.00000000 911.76162090 II-B3 0.03028598 0.00000000 3.68241913 0.00000000 911.76165026 II-B4 0.03030019 0.00000000 3.68245779 0.00000000 911.76163227 II-B5 0.03031250 0.00000000 3.68250000 0.00000000 911.76156250 II-B6 0.03026691 0.00000000 3.68245189 0.00000000 911.75990036 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 R-IV 0.00000000 0.00000000 12.20000000 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 3,105,685.66 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 89,675.24 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3,195,360.90 Withdrawals Reimbursement for Servicer Advances 86,362.81 Payment of Service Fee 24,652.77 Payment of Interest and Principal 3,084,345.32 Total Withdrawals (Pool Distribution Amount) 3,195,360.90 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 4,163.11 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 4,163.11
SERVICING FEES Gross Servicing Fee 23,147.76 External Master Servicing Fee 809.33 Master Servicing Fee 695.68 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 24,652.77
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 8 0 0 8 342,948.32 0.00 0.00 342,948.32 30 Days 131 2 0 0 133 5,091,995.25 49,076.60 0.00 0.00 5,141,071.85 60 Days 21 1 0 0 22 985,889.85 11,424.79 0.00 0.00 997,314.64 90 Days 10 0 1 0 11 539,104.17 0.00 23,480.85 0.00 562,585.02 120 Days 2 0 3 0 5 214,228.37 0.00 74,609.29 0.00 288,837.66 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 7 5 1 13 0.00 316,831.95 176,777.54 31,145.83 524,755.32 Totals 164 18 9 1 192 6,831,217.64 720,281.66 274,867.68 31,145.83 7,857,512.81 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 0.387034% 0.000000% 0.000000% 0.387034% 0.420915% 0.000000% 0.000000% 0.420915% 30 Days 6.337687% 0.096759% 0.000000% 0.000000% 6.434446% 6.249625% 0.060234% 0.000000% 0.000000% 6.309859% 60 Days 1.015965% 0.048379% 0.000000% 0.000000% 1.064344% 1.210025% 0.014022% 0.000000% 0.000000% 1.224047% 90 Days 0.483793% 0.000000% 0.048379% 0.000000% 0.532172% 0.661666% 0.000000% 0.028819% 0.000000% 0.690485% 120 Days 0.096759% 0.000000% 0.145138% 0.000000% 0.241896% 0.262932% 0.000000% 0.091571% 0.000000% 0.354503% 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% 0.338655% 0.241896% 0.048379% 0.628931% 0.000000% 0.388861% 0.216967% 0.038227% 0.644055% Totals 7.934204% 0.870827% 0.435414% 0.048379% 9.288824% 8.384248% 0.884033% 0.337357% 0.038227% 9.643864%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 5 0 0 5 228,447.77 0.00 0.00 228,447.77 30 Days 101 2 0 0 103 2,698,867.14 49,076.60 0.00 0.00 2,747,943.74 60 Days 19 1 0 0 20 860,743.53 11,424.79 0.00 0.00 872,168.32 90 Days 7 0 0 0 7 232,139.69 0.00 0.00 0.00 232,139.69 120 Days 1 0 3 0 4 7,028.70 0.00 74,609.29 0.00 81,637.99 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 7 2 0 9 0.00 316,831.95 121,766.93 0.00 438,598.88 Totals 128 15 5 0 148 3,798,779.06 605,781.11 196,376.22 0.00 4,600,936.39 0-29 Days 0.340136% 0.000000% 0.000000% 0.340136% 0.585223% 0.000000% 0.000000% 0.585223% 30 Days 6.870748% 0.136054% 0.000000% 0.000000% 7.006803% 6.913781% 0.125721% 0.000000% 0.000000% 7.039503% 60 Days 1.292517% 0.068027% 0.000000% 0.000000% 1.360544% 2.204996% 0.029267% 0.000000% 0.000000% 2.234264% 90 Days 0.476190% 0.000000% 0.000000% 0.000000% 0.476190% 0.594680% 0.000000% 0.000000% 0.000000% 0.594680% 120 Days 0.068027% 0.000000% 0.204082% 0.000000% 0.272109% 0.018006% 0.000000% 0.191129% 0.000000% 0.209135% 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% 0.476190% 0.136054% 0.000000% 0.612245% 0.000000% 0.811639% 0.311935% 0.000000% 1.123574% Totals 8.707483% 1.020408% 0.340136% 0.000000% 10.068027% 9.731464% 1.551850% 0.503064% 0.000000% 11.786378% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 6 0 0 0 6 1,333,800.80 0.00 0.00 0.00 1,333,800.80 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 198,150.35 0.00 0.00 0.00 198,150.35 120 Days 1 0 0 0 1 207,199.67 0.00 0.00 0.00 207,199.67 150 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 8 0 0 0 8 1,739,150.82 0.00 0.00 0.00 1,739,150.82 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 9.230769% 0.000000% 0.000000% 0.000000% 9.230769% 9.083358% 0.000000% 0.000000% 0.000000% 9.083358% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 1.538462% 0.000000% 0.000000% 0.000000% 1.538462% 1.349430% 0.000000% 0.000000% 0.000000% 1.349430% 120 Days 1.538462% 0.000000% 0.000000% 0.000000% 1.538462% 1.411057% 0.000000% 0.000000% 0.000000% 1.411057% 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 12.307692% 0.000000% 0.000000% 0.000000% 12.307692% 11.843844% 0.000000% 0.000000% 0.000000% 11.843844% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 3 0 0 3 114,500.55 0.00 0.00 114,500.55 30 Days 24 0 0 0 24 1,059,327.31 0.00 0.00 0.00 1,059,327.31 60 Days 2 0 0 0 2 125,146.32 0.00 0.00 0.00 125,146.32 90 Days 2 0 1 0 3 108,814.13 0.00 23,480.85 0.00 132,294.98 120 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 3 1 4 0.00 0.00 55,010.61 31,145.83 86,156.44 Totals 28 3 4 1 36 1,293,287.76 114,500.55 78,491.46 31,145.83 1,517,425.60 0-29 Days 0.563910% 0.000000% 0.000000% 0.563910% 0.412514% 0.000000% 0.000000% 0.412514% 30 Days 4.511278% 0.000000% 0.000000% 0.000000% 4.511278% 3.816467% 0.000000% 0.000000% 0.000000% 3.816467% 60 Days 0.375940% 0.000000% 0.000000% 0.000000% 0.375940% 0.450868% 0.000000% 0.000000% 0.000000% 0.450868% 90 Days 0.375940% 0.000000% 0.187970% 0.000000% 0.563910% 0.392028% 0.000000% 0.084595% 0.000000% 0.476623% 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% 0.563910% 0.187970% 0.751880% 0.000000% 0.000000% 0.198188% 0.112210% 0.310398% Totals 5.263158% 0.563910% 0.751880% 0.187970% 6.766917% 4.659362% 0.412514% 0.282783% 0.112210% 5.466869%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 89,675.24
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.692451% Weighted Average Pass-Through Rate 7.338032% Weighted Average Maturity(Stepdown Calculation ) 174 Beginning Scheduled Collateral Loan Count 2,124 Number Of Loans Paid In Full 57 Ending Scheduled Collateral Loan Count 2,067 Beginning Scheduled Collateral Balance 83,472,296.56 Ending Scheduled Collateral Balance 80,894,392.16 Ending Actual Collateral Balance at 31-Oct-2004 81,476,812.18 Monthly P &I Constant 1,174,430.70 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 32,519.25 Class A Non-PO Optimal Amount 2,867,820.70 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 80,894,392.16 Scheduled Principal 639,356.93 Unscheduled Principal 1,936,204.86
Miscellaneous Reporting Average Loss Severity Group I-1 0.00 Average Loss Severity Group I-2 0.00 Average Loss Severity Group II 0.00 Group 1 Senior Prepayment Percentage 100.000000% Group 2 Senior Prepayment Percentage 100.000000% Group 3 Senior Prepayment Percentage 100.000000% Group 1 Senior Percentage 94.570080% Group 2 Senior Percentage 90.912413% Group 3 Senior Percentage 96.072390% Group 1 Subordinate Percentage 5.429920% Group 2 Subordinate Percentage 9.087587% Group 3 Subordinate Percentage 3.927610% Group 1 Sub Prepayment Percentage 0.000000% Group 2 Sub Prepayment Percentage 0.000000% Group 3 Sub Prepayment Percentage 0.000000%
Group Level Collateral Statement Group Group I-1 Group I-2 Group II Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 9.233744 8.067764 5.269436 Weighted Average Net Rate 8.917186 7.781625 4.887465 Weighted Average Maturity 159 227 142 Beginning Loan Count 1,520 69 535 Loans Paid In Full 50 4 3 Ending Loan Count 1,470 65 532 Beginning Scheduled Balance 40,083,777.31 15,492,746.04 27,895,773.21 Ending scheduled Balance 38,650,307.41 14,638,836.62 27,605,248.13 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 722,117.98 165,730.45 286,582.27 Scheduled Principal 413,699.88 61,570.60 164,086.45 Unscheduled Principal 1,017,427.41 792,338.82 126,438.63 Scheduled Interest 308,418.10 104,159.85 122,495.82 Servicing Fees 10,574.06 3,694.23 8,879.47 Master Servicing Fees 334.04 129.12 232.52 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 163.82 185.64 459.87 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 297,346.18 100,150.86 112,923.96 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 32,519.25 0.00 0.00 Percentage of Cumulative Losses 0.0388 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.902262 7.757249 4.857679
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 7.692451 Weighted Average Net Rate 7.359678 Weighted Average Maturity 174 Beginning Loan Count 2,124 Loans Paid In Full 57 Ending Loan Count 2,067 Beginning Scheduled Balance 83,472,296.56 Ending scheduled Balance 80,894,392.16 Record Date 10/31/2004 Principal And Interest Constant 1,174,430.70 Scheduled Principal 639,356.93 Unscheduled Principal 1,936,204.86 Scheduled Interest 535,073.77 Servicing Fees 23,147.76 Master Servicing Fees 695.68 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 809.33 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 510,421.00 Realized Loss Amount 0.00 Cumulative Realized Loss 32,519.25 Percentage of Cumulative Losses 0.0187 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.338032
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