-----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, QuHXSVhTooXffYXVYr49W/dgD48QLWY7K2d/03gNHoq1mOvBOCZB6XB2M0ceRrHb aFfEcaTPYuI/kazU3V+zCQ== 0001056404-04-003386.txt : 20041005 0001056404-04-003386.hdr.sgml : 20041005 20041005114348 ACCESSION NUMBER: 0001056404-04-003386 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 2003-5 CENTRAL INDEX KEY: 0001257831 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: 333-68542-22 FILM NUMBER: 041064829 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst03005_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 2003-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-22 54-2121787 Pooling and Servicing Agreement) (Commission 54-2121788 (State or other File Number) 54-2121789 jurisdiction 54-2123731 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 September 27, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-5 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 2003-5 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 2003-5 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 2003-5 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: 2003-5 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 07384MWF5 SEN 4.15277% 71,531,719.22 247,545.97 3,395,331.76 I-A-2 07384MWG3 SEN 3.95299% 98,682,058.98 325,074.40 1,960,521.29 I-X 07384MWJ7 SEN 0.55900% 0.00 45,969.39 0.00 I-A-3 07384MWH1 SEN 4.48306% 86,414,093.27 322,832.82 407,622.92 R-I 07384MWS7 SEN 4.23586% 0.00 0.00 0.00 R-II 07384MWT5 SEN 0.00000% 0.00 0.00 0.00 R-III 07384MWU2 SEN 4.23586% 0.00 0.00 0.00 R-IV 07384MYP1 SEN 4.23586% 0.00 0.00 0.00 II-A-1 07384MWN8 SEN 4.57493% 239,005,034.77 911,191.92 5,736,635.05 II-X 07384MXM9 SEN 0.39300% 0.00 78,274.15 0.00 I-B-1 07384MWK4 SUB 4.38885% 4,912,776.30 17,967.89 3,300.99 I-B-2 07384MWL2 SUB 4.38885% 3,743,006.31 13,689.59 2,515.00 I-B-3 07384MWM0 SUB 4.38885% 2,573,335.42 9,411.66 1,729.07 I-B-4 07384MXN7 SUB 4.38885% 1,169,670.89 4,277.93 785.92 I-B-5 07384MXP2 SUB 4.38885% 701,782.71 2,566.69 471.54 I-B-6 07384MXQ0 SUB 4.38885% 935,870.38 3,422.83 628.83 II-B-1 07384MWP3 SUB 4.96793% 6,464,342.38 26,761.98 5,436.42 II-B-2 07384MWQ1 SUB 4.96793% 2,222,114.60 9,199.42 1,868.77 II-B-3 07384MWR9 SUB 4.96793% 1,414,009.95 5,853.91 1,189.16 II-B-4 07384MXR8 SUB 4.96793% 808,104.66 3,345.50 679.60 II-B-5 07384MXS6 SUB 4.96793% 606,004.26 2,508.82 509.64 II-B-6 07384MXT4 SUB 4.96793% 808,078.02 3,345.39 679.58 Totals 521,992,002.12 2,033,240.26 11,519,905.54
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 68,136,387.46 3,642,877.73 0.00 I-A-2 0.00 96,721,537.69 2,285,595.69 0.00 I-X 0.00 0.00 45,969.39 0.00 I-A-3 0.00 86,006,470.35 730,455.74 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 0.00 0.00 II-A-1 0.00 233,268,399.73 6,647,826.97 0.00 II-X 0.00 0.00 78,274.15 0.00 I-B-1 0.00 4,909,475.32 21,268.88 0.00 I-B-2 0.00 3,740,491.31 16,204.59 0.00 I-B-3 0.00 2,571,606.35 11,140.73 0.00 I-B-4 0.00 1,168,884.96 5,063.85 0.00 I-B-5 0.00 701,311.17 3,038.23 0.00 I-B-6 0.00 935,241.56 4,051.66 0.00 II-B-1 0.00 6,458,905.96 32,198.40 0.00 II-B-2 0.00 2,220,245.83 11,068.19 0.00 II-B-3 0.00 1,412,820.78 7,043.07 0.00 II-B-4 0.00 807,425.05 4,025.10 0.00 II-B-5 0.00 605,494.62 3,018.46 0.00 II-B-6 0.00 807,398.43 4,024.97 0.00 Totals 0.00 510,472,096.57 13,553,145.80 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-1 148,666,550.00 71,531,719.22 75,683.64 3,319,648.12 0.00 0.00 I-A-2 198,473,900.00 98,682,058.98 69,940.42 1,890,580.87 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 I-A-3 110,784,000.00 86,414,093.27 8,197.93 399,424.99 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 II-A-1 395,768,100.00 239,005,034.77 200,999.84 5,535,635.21 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 I-B-1 4,957,000.00 4,912,776.30 3,300.99 0.00 0.00 0.00 I-B-2 3,776,700.00 3,743,006.31 2,515.00 0.00 0.00 0.00 I-B-3 2,596,500.00 2,573,335.42 1,729.07 0.00 0.00 0.00 I-B-4 1,180,200.00 1,169,670.89 785.92 0.00 0.00 0.00 I-B-5 708,100.00 701,782.71 471.54 0.00 0.00 0.00 I-B-6 944,294.88 935,870.38 628.83 0.00 0.00 0.00 II-B-1 6,531,500.00 6,464,342.38 5,436.42 0.00 0.00 0.00 II-B-2 2,245,200.00 2,222,114.60 1,868.77 0.00 0.00 0.00 II-B-3 1,428,700.00 1,414,009.95 1,189.16 0.00 0.00 0.00 II-B-4 816,500.00 808,104.66 679.60 0.00 0.00 0.00 II-B-5 612,300.00 606,004.26 509.64 0.00 0.00 0.00 II-B-6 816,473.08 808,078.02 679.58 0.00 0.00 0.00 Totals 880,306,217.96 521,992,002.12 374,616.35 11,145,289.19 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 3,395,331.76 68,136,387.46 0.45831687 3,395,331.76 I-A-2 1,960,521.29 96,721,537.69 0.48732623 1,960,521.29 I-X 0.00 0.00 0.00000000 0.00 I-A-3 407,622.92 86,006,470.35 0.77634379 407,622.92 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 II-A-1 5,736,635.05 233,268,399.73 0.58940678 5,736,635.05 II-X 0.00 0.00 0.00000000 0.00 I-B-1 3,300.99 4,909,475.32 0.99041261 3,300.99 I-B-2 2,515.00 3,740,491.31 0.99041261 2,515.00 I-B-3 1,729.07 2,571,606.35 0.99041261 1,729.07 I-B-4 785.92 1,168,884.96 0.99041261 785.92 I-B-5 471.54 701,311.17 0.99041261 471.54 I-B-6 628.83 935,241.56 0.99041261 628.83 II-B-1 5,436.42 6,458,905.96 0.98888555 5,436.42 II-B-2 1,868.77 2,220,245.83 0.98888555 1,868.77 II-B-3 1,189.16 1,412,820.78 0.98888555 1,189.16 II-B-4 679.60 807,425.05 0.98888555 679.60 II-B-5 509.64 605,494.62 0.98888555 509.64 II-B-6 679.58 807,398.43 0.98888555 679.58 Totals 11,519,905.54 510,472,096.57 0.57988014 11,519,905.54
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 148,666,550.00 481.15543961 0.50908318 22.32948918 0.00000000 I-A-2 198,473,900.00 497.20421164 0.35239102 9.52558936 0.00000000 I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 110,784,000.00 780.02322781 0.07399922 3.60543932 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 II-A-1 395,768,100.00 603.90171611 0.50787277 13.98706770 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 4,957,000.00 991.07853540 0.66592495 0.00000000 0.00000000 I-B-2 3,776,700.00 991.07853682 0.66592528 0.00000000 0.00000000 I-B-3 2,596,500.00 991.07853649 0.66592336 0.00000000 0.00000000 I-B-4 1,180,200.00 991.07853754 0.66592103 0.00000000 0.00000000 I-B-5 708,100.00 991.07853411 0.66592289 0.00000000 0.00000000 I-B-6 944,294.88 991.07852835 0.66592546 0.00000000 0.00000000 II-B-1 6,531,500.00 989.71788716 0.83233867 0.00000000 0.00000000 II-B-2 2,245,200.00 989.71788705 0.83234010 0.00000000 0.00000000 II-B-3 1,428,700.00 989.71789039 0.83233709 0.00000000 0.00000000 II-B-4 816,500.00 989.71789345 0.83233313 0.00000000 0.00000000 II-B-5 612,300.00 989.71788339 0.83233709 0.00000000 0.00000000 II-B-6 816,473.08 989.71789737 0.83233608 0.00000000 0.00000000 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-A-1 0.00000000 22.83857236 458.31686724 0.45831687 22.83857236 I-A-2 0.00000000 9.87798038 487.32623126 0.48732623 9.87798038 I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 3.67943855 776.34378927 0.77634379 3.67943855 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 II-A-1 0.00000000 14.49494047 589.40677566 0.58940678 14.49494047 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.00000000 0.66592495 990.41261247 0.99041261 0.66592495 I-B-2 0.00000000 0.66592528 990.41261154 0.99041261 0.66592528 I-B-3 0.00000000 0.66592336 990.41261313 0.99041261 0.66592336 I-B-4 0.00000000 0.66592103 990.41260803 0.99041261 0.66592103 I-B-5 0.00000000 0.66592289 990.41261121 0.99041261 0.66592289 I-B-6 0.00000000 0.66592546 990.41261348 0.99041261 0.66592546 II-B-1 0.00000000 0.83233867 988.88554850 0.98888555 0.83233867 II-B-2 0.00000000 0.83234010 988.88554694 0.98888555 0.83234010 II-B-3 0.00000000 0.83233709 988.88554630 0.98888555 0.83233709 II-B-4 0.00000000 0.83233313 988.88554807 0.98888555 0.83233313 II-B-5 0.00000000 0.83233709 988.88554630 0.98888555 0.83233709 II-B-6 0.00000000 0.83233608 988.88554905 0.98888555 0.83233608 (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-1 148,666,550.00 4.15277% 71,531,719.22 247,545.96 0.00 0.00 I-A-2 198,473,900.00 3.95299% 98,682,058.98 325,074.40 0.00 0.00 I-X 0.00 0.55900% 98,682,058.98 45,969.39 0.00 0.00 I-A-3 110,784,000.00 4.48306% 86,414,093.27 322,832.81 0.00 0.00 R-I 50.00 4.23586% 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 4.23586% 0.00 0.00 0.00 0.00 R-IV 50.00 4.23586% 0.00 0.00 0.00 0.00 II-A-1 395,768,100.00 4.57493% 239,005,034.77 911,191.92 0.00 0.00 II-X 0.00 0.39300% 239,005,034.77 78,274.15 0.00 0.00 I-B-1 4,957,000.00 4.38885% 4,912,776.30 17,967.89 0.00 0.00 I-B-2 3,776,700.00 4.38885% 3,743,006.31 13,689.59 0.00 0.00 I-B-3 2,596,500.00 4.38885% 2,573,335.42 9,411.66 0.00 0.00 I-B-4 1,180,200.00 4.38885% 1,169,670.89 4,277.93 0.00 0.00 I-B-5 708,100.00 4.38885% 701,782.71 2,566.69 0.00 0.00 I-B-6 944,294.88 4.38885% 935,870.38 3,422.83 0.00 0.00 II-B-1 6,531,500.00 4.96793% 6,464,342.38 26,761.98 0.00 0.00 II-B-2 2,245,200.00 4.96793% 2,222,114.60 9,199.42 0.00 0.00 II-B-3 1,428,700.00 4.96793% 1,414,009.95 5,853.91 0.00 0.00 II-B-4 816,500.00 4.96793% 808,104.66 3,345.50 0.00 0.00 II-B-5 612,300.00 4.96793% 606,004.26 2,508.82 0.00 0.00 II-B-6 816,473.08 4.96793% 808,078.02 3,345.39 0.00 0.00 Totals 880,306,217.96 2,033,240.24 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 (0.01) 0.00 247,545.97 0.00 68,136,387.46 I-A-2 (0.01) 0.00 325,074.40 0.00 96,721,537.69 I-X 0.00 0.00 45,969.39 0.00 96,721,537.69 I-A-3 (0.01) 0.00 322,832.82 0.00 86,006,470.35 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 0.00 0.00 0.00 II-A-1 0.00 0.00 911,191.92 0.00 233,268,399.73 II-X 0.00 0.00 78,274.15 0.00 233,268,399.73 I-B-1 0.00 0.00 17,967.89 0.00 4,909,475.32 I-B-2 0.00 0.00 13,689.59 0.00 3,740,491.31 I-B-3 0.00 0.00 9,411.66 0.00 2,571,606.35 I-B-4 0.00 0.00 4,277.93 0.00 1,168,884.96 I-B-5 0.00 0.00 2,566.69 0.00 701,311.17 I-B-6 0.00 0.00 3,422.83 0.00 935,241.56 II-B-1 0.00 0.00 26,761.98 0.00 6,458,905.96 II-B-2 0.00 0.00 9,199.42 0.00 2,220,245.83 II-B-3 0.00 0.00 5,853.91 0.00 1,412,820.78 II-B-4 0.00 0.00 3,345.50 0.00 807,425.05 II-B-5 0.00 0.00 2,508.82 0.00 605,494.62 II-B-6 0.00 0.00 3,345.39 0.00 807,398.43 Totals (0.03) 0.00 2,033,240.26 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-1 148,666,550.00 4.15277% 481.15543961 1.66510866 0.00000000 0.00000000 I-A-2 198,473,900.00 3.95299% 497.20421164 1.63786977 0.00000000 0.00000000 I-X 0.00 0.55900% 497.20421164 0.23161428 0.00000000 0.00000000 I-A-3 110,784,000.00 4.48306% 780.02322781 2.91407432 0.00000000 0.00000000 R-I 50.00 4.23586% 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 4.23586% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 4.23586% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 395,768,100.00 4.57493% 603.90171611 2.30233796 0.00000000 0.00000000 II-X 0.00 0.39300% 603.90171611 0.19777781 0.00000000 0.00000000 I-B-1 4,957,000.00 4.38885% 991.07853540 3.62475086 0.00000000 0.00000000 I-B-2 3,776,700.00 4.38885% 991.07853682 3.62474912 0.00000000 0.00000000 I-B-3 2,596,500.00 4.38885% 991.07853649 3.62474870 0.00000000 0.00000000 I-B-4 1,180,200.00 4.38885% 991.07853754 3.62475004 0.00000000 0.00000000 I-B-5 708,100.00 4.38885% 991.07853411 3.62475639 0.00000000 0.00000000 I-B-6 944,294.88 4.38885% 991.07852835 3.62474696 0.00000000 0.00000000 II-B-1 6,531,500.00 4.96793% 989.71788716 4.09737120 0.00000000 0.00000000 II-B-2 2,245,200.00 4.96793% 989.71788705 4.09737217 0.00000000 0.00000000 II-B-3 1,428,700.00 4.96793% 989.71789039 4.09736824 0.00000000 0.00000000 II-B-4 816,500.00 4.96793% 989.71789345 4.09736681 0.00000000 0.00000000 II-B-5 612,300.00 4.96793% 989.71788339 4.09737057 0.00000000 0.00000000 II-B-6 816,473.08 4.96793% 989.71789737 4.09736718 0.00000000 0.00000000 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-A-1 (0.00000007) 0.00000000 1.66510873 0.00000000 458.31686724 I-A-2 (0.00000005) 0.00000000 1.63786977 0.00000000 487.32623126 I-X 0.00000000 0.00000000 0.23161428 0.00000000 487.32623126 I-A-3 (0.00000009) 0.00000000 2.91407442 0.00000000 776.34378927 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 II-A-1 0.00000000 0.00000000 2.30233796 0.00000000 589.40677566 II-X 0.00000000 0.00000000 0.19777781 0.00000000 589.40677566 I-B-1 0.00000000 0.00000000 3.62475086 0.00000000 990.41261247 I-B-2 0.00000000 0.00000000 3.62474912 0.00000000 990.41261154 I-B-3 0.00000000 0.00000000 3.62474870 0.00000000 990.41261313 I-B-4 0.00000000 0.00000000 3.62475004 0.00000000 990.41260803 I-B-5 0.00000000 0.00000000 3.62475639 0.00000000 990.41261121 I-B-6 0.00000000 0.00000000 3.62474696 0.00000000 990.41261348 II-B-1 0.00000000 0.00000000 4.09737120 0.00000000 988.88554850 II-B-2 0.00000000 0.00000000 4.09737217 0.00000000 988.88554694 II-B-3 0.00000000 0.00000000 4.09736824 0.00000000 988.88554630 II-B-4 0.00000000 0.00000000 4.09736681 0.00000000 988.88554807 II-B-5 0.00000000 0.00000000 4.09737057 0.00000000 988.88554630 II-B-6 0.00000000 0.00000000 4.09736718 0.00000000 988.88554905 (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 13,680,799.52 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 26,144.35 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 13,706,943.87 Withdrawals Reimbursement for Servicer Advances 22,229.03 Payment of Service Fee 131,569.04 Payment of Interest and Principal 13,553,145.80 Total Withdrawals (Pool Distribution Amount) 13,706,943.87 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 (0.03)
SERVICING FEES Gross Servicing Fee 120,544.61 Additional Servicing Fees 10,923.29 Miscellaneous Fee 101.14 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 131,569.04
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 1 0 0 1 509,994.82 0.00 0.00 509,994.82 30 Days 9 0 0 0 9 4,117,598.35 0.00 0.00 0.00 4,117,598.35 60 Days 1 0 0 0 1 262,084.98 0.00 0.00 0.00 262,084.98 90 Days 2 0 0 0 2 791,560.16 0.00 0.00 0.00 791,560.16 120 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 12 1 0 0 13 5,171,243.49 509,994.82 0.00 0.00 5,681,238.31 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 0.088652% 0.000000% 0.000000% 0.088652% 0.099854% 0.000000% 0.000000% 0.099854% 30 Days 0.797872% 0.000000% 0.000000% 0.000000% 0.797872% 0.806202% 0.000000% 0.000000% 0.000000% 0.806202% 60 Days 0.088652% 0.000000% 0.000000% 0.000000% 0.088652% 0.051315% 0.000000% 0.000000% 0.000000% 0.051315% 90 Days 0.177305% 0.000000% 0.000000% 0.000000% 0.177305% 0.154983% 0.000000% 0.000000% 0.000000% 0.154983% 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 1.063830% 0.088652% 0.000000% 0.000000% 1.152482% 1.012500% 0.099854% 0.000000% 0.000000% 1.112354%
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 885,788.39 0.00 0.00 0.00 885,788.39 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 347,560.16 0.00 0.00 0.00 347,560.16 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 0 0 3 1,233,348.55 0.00 0.00 0.00 1,233,348.55 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.063830% 0.000000% 0.000000% 0.000000% 1.063830% 1.217945% 0.000000% 0.000000% 0.000000% 1.217945% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.531915% 0.000000% 0.000000% 0.000000% 0.531915% 0.477890% 0.000000% 0.000000% 0.000000% 0.477890% 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 1.595745% 0.000000% 0.000000% 0.000000% 1.595745% 1.695834% 0.000000% 0.000000% 0.000000% 1.695834% 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 1 0 0 0 1 407,986.23 0.00 0.00 0.00 407,986.23 60 Days 1 0 0 0 1 262,084.98 0.00 0.00 0.00 262,084.98 90 Days 1 0 0 0 1 444,000.00 0.00 0.00 0.00 444,000.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 0 0 3 1,114,071.21 0.00 0.00 0.00 1,114,071.21 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.395257% 0.000000% 0.000000% 0.000000% 0.395257% 0.396732% 0.000000% 0.000000% 0.000000% 0.396732% 60 Days 0.395257% 0.000000% 0.000000% 0.000000% 0.395257% 0.254855% 0.000000% 0.000000% 0.000000% 0.254855% 90 Days 0.395257% 0.000000% 0.000000% 0.000000% 0.395257% 0.431752% 0.000000% 0.000000% 0.000000% 0.431752% 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 1.185771% 0.000000% 0.000000% 0.000000% 1.185771% 1.083340% 0.000000% 0.000000% 0.000000% 1.083340% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 1 462,941.47 0.00 0.00 0.00 462,941.47 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 1 462,941.47 0.00 0.00 0.00 462,941.47 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.746269% 0.000000% 0.000000% 0.000000% 0.746269% 0.517608% 0.000000% 0.000000% 0.000000% 0.517608% 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 0.746269% 0.000000% 0.000000% 0.000000% 0.746269% 0.517608% 0.000000% 0.000000% 0.000000% 0.517608% 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 1 0 0 1 509,994.82 0.00 0.00 509,994.82 30 Days 5 0 0 0 5 2,360,882.26 0.00 0.00 0.00 2,360,882.26 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 5 1 0 0 6 2,360,882.26 509,994.82 0.00 0.00 2,870,877.08 0-29 Days 0.180832% 0.000000% 0.000000% 0.180832% 0.207537% 0.000000% 0.000000% 0.207537% 30 Days 0.904159% 0.000000% 0.000000% 0.000000% 0.904159% 0.960737% 0.000000% 0.000000% 0.000000% 0.960737% 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 0.904159% 0.180832% 0.000000% 0.000000% 1.084991% 0.960737% 0.207537% 0.000000% 0.000000% 1.168274%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 26,144.35
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.976649% Weighted Average Net Coupon 4.699531% Weighted Average Pass-Through Rate 4.674187% Weighted Average Maturity(Stepdown Calculation ) 343 Beginning Scheduled Collateral Loan Count 1,152 Number Of Loans Paid In Full 24 Ending Scheduled Collateral Loan Count 1,128 Beginning Scheduled Collateral Balance 521,992,002.03 Ending Scheduled Collateral Balance 510,472,096.50 Ending Actual Collateral Balance at 31-Aug-2004 510,740,061.68 Monthly P &I Constant 2,539,425.65 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 510,472,096.50 Scheduled Principal 374,616.34 Unscheduled Principal 11,145,289.19
Miscellaneous Reporting Average Loss Severity Group I-1 0.00 Average Loss Severity Group I-2 0.00 Average Loss Severity Group I-3 0.00 Average Loss Severity Group II 0.00 Diverted Amount 0.00 Senior Percentage Group I-1 94.037069% Senior Percentage Group I-2 94.198511% Senior Percentage Group I-3 96.189810% Senior Percentage Group II 95.096978% Senior Prepayment Percentage Group I-1 100.000000% Senior Prepayment Percentage Group I-2 100.000000% Senior Prepayment Percentage Group I-3 100.000000% Senior Prepayment Percentage Group II 100.000000% Subordinate Percentage Group I-1 5.962931% Subordinate Percentage Group I-2 5.801489% Subordinate Percentage Group I-3 3.810190% Subordinate Percentage Group II 4.903022% Subordinate Prepayment Percent Group I-1 0.000000% Subordinate Prepayment Percent Group I-2 0.000000% Subordinate Prepayment Percent Group I-3 0.000000% Subordinate Prepayment Percent Group II 0.000000%
Group Level Collateral Statement Group Group I-1 Group I-2 Group I-3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.411291 4.831796 4.783058 Weighted Average Net Rate 4.158674 4.632832 4.483058 Weighted Average Maturity 343 343 342 Beginning Loan Count 196 258 135 Loans Paid In Full 8 5 1 Ending Loan Count 188 253 134 Beginning Scheduled Balance 76,067,576.95 104,759,680.41 89,837,056.11 Ending scheduled Balance 72,667,446.06 102,794,851.64 89,429,108.46 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 360,112.95 496,062.37 366,602.52 Scheduled Principal 80,482.77 74,247.90 8,522.66 Unscheduled Principal 3,319,648.12 1,890,580.87 399,424.99 Scheduled Interest 279,630.18 421,814.47 358,079.86 Servicing Fees 16,013.30 17,369.48 22,459.26 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 373.92 10,549.37 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 263,242.96 393,895.62 335,620.60 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 4.152775 4.511991 4.483058
Group Level Collateral Statement Group Group II Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.277340 4.976649 Weighted Average Net Rate 4.968409 4.699531 Weighted Average Maturity 343 343 Beginning Loan Count 563 1,152 Loans Paid In Full 10 24 Ending Loan Count 553 1,128 Beginning Scheduled Balance 251,327,688.56 521,992,002.03 Ending scheduled Balance 245,580,690.34 510,472,096.50 Record Date 08/31/2004 08/31/2004 Principal And Interest Constant 1,316,647.81 2,539,425.65 Scheduled Principal 211,363.01 374,616.34 Unscheduled Principal 5,535,635.21 11,145,289.19 Scheduled Interest 1,105,284.80 2,164,809.31 Servicing Fees 64,702.57 120,544.61 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 101.14 11,024.43 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 1,040,481.09 2,033,240.27 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 4.967926 4.674187
-----END PRIVACY-ENHANCED MESSAGE-----