-----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, CgGv2F6J1+ALmfXV1e79QlS2XkSFiuWJm+0xOqg3Cr/qlNBw5BBBpUIC9cozy9mJ bqEy55BHWAxywK6JkhZ+dw== 0001056404-04-004254.txt : 20041203 0001056404-04-004254.hdr.sgml : 20041203 20041203144741 ACCESSION NUMBER: 0001056404-04-004254 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: 20041203 DATE AS OF CHANGE: 20041203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST 2003-5 CENTRAL INDEX KEY: 0001257831 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 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: 041183349 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst03005_nov.txt NOVEMBER 8K 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 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 November 26, 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 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. 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: 11/30/2004 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 November 26, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 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 4.14582% 65,436,000.41 226,071.29 2,513,876.61 I-A-2 07384MWG3 SEN 3.95193% 96,629,958.74 318,229.28 2,394,615.67 I-X 07384MWJ7 SEN 0.55900% 0.00 45,013.46 0.00 I-A-3 07384MWH1 SEN 4.47897% 84,959,235.99 317,108.51 249,985.26 R-I 07384MWS7 SEN 4.23400% 0.00 0.00 0.00 R-II 07384MWT5 SEN 0.00000% 0.00 0.00 0.00 R-III 07384MWU2 SEN 4.23400% 0.00 0.00 0.00 R-IV 07384MYP1 SEN 4.23400% 0.00 0.00 0.00 II-A-1 07384MWN8 SEN 4.56769% 230,095,153.86 875,836.60 5,201,947.09 II-X 07384MXM9 SEN 0.39300% 0.00 75,356.16 0.00 I-B-1 07384MWK4 SUB 4.38524% 4,906,088.57 17,928.63 3,387.14 I-B-2 07384MWL2 SUB 4.38524% 3,737,910.98 13,659.69 2,580.63 I-B-3 07384MWM0 SUB 4.38524% 2,569,832.35 9,391.10 1,774.20 I-B-4 07384MXN7 SUB 4.38524% 1,168,078.62 4,268.58 806.44 I-B-5 07384MXP2 SUB 4.38524% 700,827.37 2,561.08 483.85 I-B-6 07384MXQ0 SUB 4.38524% 934,596.39 3,415.36 645.24 II-B-1 07384MWP3 SUB 4.96069% 6,453,463.85 26,678.04 5,463.40 II-B-2 07384MWQ1 SUB 4.96069% 2,218,375.11 9,170.56 1,878.04 II-B-3 07384MWR9 SUB 4.96069% 1,411,630.38 5,835.55 1,195.06 II-B-4 07384MXR8 SUB 4.96069% 806,744.73 3,335.01 682.98 II-B-5 07384MXS6 SUB 4.96069% 604,984.45 2,500.95 512.17 II-B-6 07384MXT4 SUB 4.96069% 806,718.14 3,334.90 682.95 Totals 503,439,599.94 1,959,694.75 10,380,516.73
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 62,922,123.80 2,739,947.90 0.00 I-A-2 0.00 94,235,343.07 2,712,844.95 0.00 I-X 0.00 0.00 45,013.46 0.00 I-A-3 0.00 84,709,250.73 567,093.77 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 0.00 224,893,206.77 6,077,783.69 0.00 II-X 0.00 0.00 75,356.16 0.00 I-B-1 0.00 4,902,701.43 21,315.77 0.00 I-B-2 0.00 3,735,330.34 16,240.32 0.00 I-B-3 0.00 2,568,058.15 11,165.30 0.00 I-B-4 0.00 1,167,272.19 5,075.02 0.00 I-B-5 0.00 700,343.53 3,044.93 0.00 I-B-6 0.00 933,951.15 4,060.60 0.00 II-B-1 0.00 6,448,000.45 32,141.44 0.00 II-B-2 0.00 2,216,497.07 11,048.60 0.00 II-B-3 0.00 1,410,435.31 7,030.61 0.00 II-B-4 0.00 806,061.76 4,017.99 0.00 II-B-5 0.00 604,472.28 3,013.12 0.00 II-B-6 0.00 806,035.19 4,017.85 0.00 Totals 0.00 493,059,083.22 12,340,211.48 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 65,436,000.41 71,520.77 2,442,355.84 0.00 0.00 I-A-2 198,473,900.00 96,629,958.74 69,405.41 2,325,210.26 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 84,959,235.99 9,221.03 240,764.23 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-1 395,768,100.00 230,095,153.86 194,794.81 5,007,152.28 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 4,906,088.57 3,387.14 0.00 0.00 0.00 I-B-2 3,776,700.00 3,737,910.98 2,580.63 0.00 0.00 0.00 I-B-3 2,596,500.00 2,569,832.35 1,774.20 0.00 0.00 0.00 I-B-4 1,180,200.00 1,168,078.62 806.44 0.00 0.00 0.00 I-B-5 708,100.00 700,827.37 483.85 0.00 0.00 0.00 I-B-6 944,294.88 934,596.39 645.24 0.00 0.00 0.00 II-B-1 6,531,500.00 6,453,463.85 5,463.40 0.00 0.00 0.00 II-B-2 2,245,200.00 2,218,375.11 1,878.04 0.00 0.00 0.00 II-B-3 1,428,700.00 1,411,630.38 1,195.06 0.00 0.00 0.00 II-B-4 816,500.00 806,744.73 682.98 0.00 0.00 0.00 II-B-5 612,300.00 604,984.45 512.17 0.00 0.00 0.00 II-B-6 816,473.08 806,718.14 682.95 0.00 0.00 0.00 Totals 880,306,217.96 503,439,599.94 365,034.12 10,015,482.61 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 2,513,876.61 62,922,123.80 0.42324332 2,513,876.61 I-A-2 2,394,615.67 94,235,343.07 0.47479967 2,394,615.67 I-X 0.00 0.00 0.00000000 0.00 I-A-3 249,985.26 84,709,250.73 0.76463434 249,985.26 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 5,201,947.09 224,893,206.77 0.56824491 5,201,947.09 II-X 0.00 0.00 0.00000000 0.00 I-B-1 3,387.14 4,902,701.43 0.98904608 3,387.14 I-B-2 2,580.63 3,735,330.34 0.98904608 2,580.63 I-B-3 1,774.20 2,568,058.15 0.98904608 1,774.20 I-B-4 806.44 1,167,272.19 0.98904609 806.44 I-B-5 483.85 700,343.53 0.98904608 483.85 I-B-6 645.24 933,951.15 0.98904608 645.24 II-B-1 5,463.40 6,448,000.45 0.98721587 5,463.40 II-B-2 1,878.04 2,216,497.07 0.98721587 1,878.04 II-B-3 1,195.06 1,410,435.31 0.98721587 1,195.06 II-B-4 682.98 806,061.76 0.98721587 682.98 II-B-5 512.17 604,472.28 0.98721587 512.17 II-B-6 682.95 806,035.19 0.98721588 682.95 Totals 10,380,516.73 493,059,083.22 0.56009951 10,380,516.73
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 148,666,550.00 440.15281454 0.48108179 16.42841540 0.00000000 I-A-2 198,473,900.00 486.86481568 0.34969540 11.71544601 0.00000000 I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 110,784,000.00 766.89085057 0.08323431 2.17327620 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-1 395,768,100.00 581.38883316 0.49219432 12.65173287 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 4,957,000.00 989.72938673 0.68330442 0.00000000 0.00000000 I-B-2 3,776,700.00 989.72938809 0.68330288 0.00000000 0.00000000 I-B-3 2,596,500.00 989.72938571 0.68330445 0.00000000 0.00000000 I-B-4 1,180,200.00 989.72938485 0.68330791 0.00000000 0.00000000 I-B-5 708,100.00 989.72937438 0.68330744 0.00000000 0.00000000 I-B-6 944,294.88 989.72938411 0.68330350 0.00000000 0.00000000 II-B-1 6,531,500.00 988.05233867 0.83646942 0.00000000 0.00000000 II-B-2 2,245,200.00 988.05233832 0.83646891 0.00000000 0.00000000 II-B-3 1,428,700.00 988.05234129 0.83646672 0.00000000 0.00000000 II-B-4 816,500.00 988.05233313 0.83647275 0.00000000 0.00000000 II-B-5 612,300.00 988.05234362 0.83646905 0.00000000 0.00000000 II-B-6 816,473.08 988.05234338 0.83646359 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-A-1 0.00000000 16.90949719 423.24331734 0.42324332 16.90949719 I-A-2 0.00000000 12.06514141 474.79967426 0.47479967 12.06514141 I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 2.25651051 764.63434007 0.76463434 2.25651051 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 13.14392719 568.24490597 0.56824491 13.14392719 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.00000000 0.68330442 989.04608231 0.98904608 0.68330442 I-B-2 0.00000000 0.68330288 989.04608256 0.98904608 0.68330288 I-B-3 0.00000000 0.68330445 989.04608126 0.98904608 0.68330445 I-B-4 0.00000000 0.68330791 989.04608541 0.98904609 0.68330791 I-B-5 0.00000000 0.68330744 989.04608106 0.98904608 0.68330744 I-B-6 0.00000000 0.68330350 989.04608061 0.98904608 0.68330350 II-B-1 0.00000000 0.83646942 987.21586925 0.98721587 0.83646942 II-B-2 0.00000000 0.83646891 987.21586941 0.98721587 0.83646891 II-B-3 0.00000000 0.83646672 987.21586757 0.98721587 0.83646672 II-B-4 0.00000000 0.83647275 987.21587263 0.98721587 0.83647275 II-B-5 0.00000000 0.83646905 987.21587457 0.98721587 0.83646905 II-B-6 0.00000000 0.83646359 987.21587979 0.98721588 0.83646359 (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 4.14582% 65,436,000.41 226,071.29 0.00 0.00 I-A-2 198,473,900.00 3.95193% 96,629,958.74 318,229.29 0.00 0.00 I-X 0.00 0.55900% 96,629,958.74 45,013.46 0.00 0.00 I-A-3 110,784,000.00 4.47897% 84,959,235.99 317,108.51 0.00 0.00 R-I 50.00 4.23400% 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 4.23400% 0.00 0.00 0.00 0.00 R-IV 50.00 4.23400% 0.00 0.00 0.00 0.00 II-A-1 395,768,100.00 4.56769% 230,095,153.86 875,836.59 0.00 0.00 II-X 0.00 0.39300% 230,095,153.86 75,356.16 0.00 0.00 I-B-1 4,957,000.00 4.38524% 4,906,088.57 17,928.63 0.00 0.00 I-B-2 3,776,700.00 4.38524% 3,737,910.98 13,659.69 0.00 0.00 I-B-3 2,596,500.00 4.38524% 2,569,832.35 9,391.10 0.00 0.00 I-B-4 1,180,200.00 4.38524% 1,168,078.62 4,268.58 0.00 0.00 I-B-5 708,100.00 4.38524% 700,827.37 2,561.08 0.00 0.00 I-B-6 944,294.88 4.38524% 934,596.39 3,415.36 0.00 0.00 II-B-1 6,531,500.00 4.96069% 6,453,463.85 26,678.04 0.00 0.00 II-B-2 2,245,200.00 4.96069% 2,218,375.11 9,170.56 0.00 0.00 II-B-3 1,428,700.00 4.96069% 1,411,630.38 5,835.55 0.00 0.00 II-B-4 816,500.00 4.96069% 806,744.73 3,335.01 0.00 0.00 II-B-5 612,300.00 4.96069% 604,984.45 2,500.95 0.00 0.00 II-B-6 816,473.08 4.96069% 806,718.14 3,334.90 0.00 0.00 Totals 880,306,217.96 1,959,694.75 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 0.00 226,071.29 0.00 62,922,123.80 I-A-2 0.00 0.00 318,229.28 0.00 94,235,343.07 I-X 0.00 0.00 45,013.46 0.00 94,235,343.07 I-A-3 0.00 0.00 317,108.51 0.00 84,709,250.73 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 0.00 875,836.60 0.00 224,893,206.77 II-X 0.00 0.00 75,356.16 0.00 224,893,206.77 I-B-1 0.00 0.00 17,928.63 0.00 4,902,701.43 I-B-2 0.00 0.00 13,659.69 0.00 3,735,330.34 I-B-3 0.00 0.00 9,391.10 0.00 2,568,058.15 I-B-4 0.00 0.00 4,268.58 0.00 1,167,272.19 I-B-5 0.00 0.00 2,561.08 0.00 700,343.53 I-B-6 0.00 0.00 3,415.36 0.00 933,951.15 II-B-1 0.00 0.00 26,678.04 0.00 6,448,000.45 II-B-2 0.00 0.00 9,170.56 0.00 2,216,497.07 II-B-3 0.00 0.00 5,835.55 0.00 1,410,435.31 II-B-4 0.00 0.00 3,335.01 0.00 806,061.76 II-B-5 0.00 0.00 2,500.95 0.00 604,472.28 II-B-6 0.00 0.00 3,334.90 0.00 806,035.19 Totals 0.00 0.00 1,959,694.75 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 4.14582% 440.15281454 1.52066009 0.00000000 0.00000000 I-A-2 198,473,900.00 3.95193% 486.86481568 1.60338105 0.00000000 0.00000000 I-X 0.00 0.55900% 486.86481568 0.22679788 0.00000000 0.00000000 I-A-3 110,784,000.00 4.47897% 766.89085057 2.86240351 0.00000000 0.00000000 R-I 50.00 4.23400% 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 4.23400% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 4.23400% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 395,768,100.00 4.56769% 581.38883316 2.21300451 0.00000000 0.00000000 II-X 0.00 0.39300% 581.38883316 0.19040484 0.00000000 0.00000000 I-B-1 4,957,000.00 4.38524% 989.72938673 3.61683074 0.00000000 0.00000000 I-B-2 3,776,700.00 4.38524% 989.72938809 3.61683216 0.00000000 0.00000000 I-B-3 2,596,500.00 4.38524% 989.72938571 3.61683035 0.00000000 0.00000000 I-B-4 1,180,200.00 4.38524% 989.72938485 3.61682766 0.00000000 0.00000000 I-B-5 708,100.00 4.38524% 989.72937438 3.61683378 0.00000000 0.00000000 I-B-6 944,294.88 4.38524% 989.72938411 3.61683630 0.00000000 0.00000000 II-B-1 6,531,500.00 4.96069% 988.05233867 4.08451964 0.00000000 0.00000000 II-B-2 2,245,200.00 4.96069% 988.05233832 4.08451808 0.00000000 0.00000000 II-B-3 1,428,700.00 4.96069% 988.05234129 4.08451739 0.00000000 0.00000000 II-B-4 816,500.00 4.96069% 988.05233313 4.08451929 0.00000000 0.00000000 II-B-5 612,300.00 4.96069% 988.05234362 4.08451739 0.00000000 0.00000000 II-B-6 816,473.08 4.96069% 988.05234338 4.08451923 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 0.00000000 0.00000000 1.52066009 0.00000000 423.24331734 I-A-2 0.00000000 0.00000000 1.60338100 0.00000000 474.79967426 I-X 0.00000000 0.00000000 0.22679788 0.00000000 474.79967426 I-A-3 0.00000000 0.00000000 2.86240351 0.00000000 764.63434007 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 2.21300453 0.00000000 568.24490597 II-X 0.00000000 0.00000000 0.19040484 0.00000000 568.24490597 I-B-1 0.00000000 0.00000000 3.61683074 0.00000000 989.04608231 I-B-2 0.00000000 0.00000000 3.61683216 0.00000000 989.04608256 I-B-3 0.00000000 0.00000000 3.61683035 0.00000000 989.04608126 I-B-4 0.00000000 0.00000000 3.61682766 0.00000000 989.04608541 I-B-5 0.00000000 0.00000000 3.61683378 0.00000000 989.04608106 I-B-6 0.00000000 0.00000000 3.61683630 0.00000000 989.04608061 II-B-1 0.00000000 0.00000000 4.08451964 0.00000000 987.21586925 II-B-2 0.00000000 0.00000000 4.08451808 0.00000000 987.21586941 II-B-3 0.00000000 0.00000000 4.08451739 0.00000000 987.21586757 II-B-4 0.00000000 0.00000000 4.08451929 0.00000000 987.21587263 II-B-5 0.00000000 0.00000000 4.08451739 0.00000000 987.21587457 II-B-6 0.00000000 0.00000000 4.08451923 0.00000000 987.21587979 (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 12,462,515.75 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 15,476.78 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 12,477,992.53 Withdrawals Reimbursement for Servicer Advances 10,933.72 Payment of Service Fee 126,847.31 Payment of Interest and Principal 12,340,211.50 Total Withdrawals (Pool Distribution Amount) 12,477,992.53 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 116,205.25 Additional Servicing Fees 10,541.17 Miscellaneous Fee 100.89 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 126,847.31
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 1 509,994.76 0.00 0.00 509,994.76 30 Days 6 0 0 0 6 2,696,282.85 0.00 0.00 0.00 2,696,282.85 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 1 0 1 0.00 0.00 262,084.98 0.00 262,084.98 150 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 6 1 1 0 8 2,696,282.85 509,994.76 262,084.98 0.00 3,468,362.59 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 0.091912% 0.000000% 0.000000% 0.091912% 0.103376% 0.000000% 0.000000% 0.103376% 30 Days 0.551471% 0.000000% 0.000000% 0.000000% 0.551471% 0.546538% 0.000000% 0.000000% 0.000000% 0.546538% 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% 0.091912% 0.000000% 0.091912% 0.000000% 0.000000% 0.053125% 0.000000% 0.053125% 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 0.551471% 0.091912% 0.091912% 0.000000% 0.735294% 0.546538% 0.103376% 0.053125% 0.000000% 0.703039%
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 1 0 0 0 1 389,241.00 0.00 0.00 0.00 389,241.00 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 1 0 0 0 1 389,241.00 0.00 0.00 0.00 389,241.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.574713% 0.000000% 0.000000% 0.000000% 0.574713% 0.576681% 0.000000% 0.000000% 0.000000% 0.576681% 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 0.574713% 0.000000% 0.000000% 0.000000% 0.574713% 0.576681% 0.000000% 0.000000% 0.000000% 0.576681% 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 3 0 0 0 3 1,274,000.62 0.00 0.00 0.00 1,274,000.62 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 1 0 1 0.00 0.00 262,084.98 0.00 262,084.98 150 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 1 0 4 1,274,000.62 0.00 262,084.98 0.00 1,536,085.60 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.214575% 0.000000% 0.000000% 0.000000% 1.214575% 1.269440% 0.000000% 0.000000% 0.000000% 1.269440% 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% 0.404858% 0.000000% 0.404858% 0.000000% 0.000000% 0.261147% 0.000000% 0.261147% 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 1.214575% 0.000000% 0.404858% 0.000000% 1.619433% 1.269440% 0.000000% 0.261147% 0.000000% 1.530587% 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 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 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 1 509,994.76 0.00 0.00 509,994.76 30 Days 2 0 0 0 2 1,033,041.23 0.00 0.00 0.00 1,033,041.23 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 2 1 0 0 3 1,033,041.23 509,994.76 0.00 0.00 1,543,035.99 0-29 Days 0.186916% 0.000000% 0.000000% 0.186916% 0.214878% 0.000000% 0.000000% 0.214878% 30 Days 0.373832% 0.000000% 0.000000% 0.000000% 0.373832% 0.435255% 0.000000% 0.000000% 0.000000% 0.435255% 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 0.373832% 0.186916% 0.000000% 0.000000% 0.560748% 0.435255% 0.214878% 0.000000% 0.000000% 0.650134%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 15,476.78
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.973487% Weighted Average Net Coupon 4.696500% Weighted Average Pass-Through Rate 4.671134% Weighted Average Maturity(Stepdown Calculation ) 341 Beginning Scheduled Collateral Loan Count 1,112 Number Of Loans Paid In Full 24 Ending Scheduled Collateral Loan Count 1,088 Beginning Scheduled Collateral Balance 503,439,599.87 Ending Scheduled Collateral Balance 493,059,083.14 Ending Actual Collateral Balance at 31-Oct-2004 493,338,722.10 Monthly P &I Constant 2,451,576.19 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 493,059,083.14 Scheduled Principal 365,034.12 Unscheduled Principal 10,015,482.61
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 93.530662% Senior Percentage Group I-2 94.090516% Senior Percentage Group I-3 96.127842% Senior Percentage Group II 94.924891% 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 6.469338% Subordinate Percentage Group I-2 5.909484% Subordinate Percentage Group I-3 3.872158% Subordinate Percentage Group II 5.075109% 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 4.404490 4.830773 4.778974 Weighted Average Net Rate 4.150744 4.630745 4.478974 Weighted Average Maturity 341 341 340 Beginning Loan Count 181 253 132 Loans Paid In Full 7 6 0 Ending Loan Count 174 247 132 Beginning Scheduled Balance 69,962,084.41 102,698,936.50 88,381,508.52 Ending scheduled Balance 67,443,260.84 100,299,961.73 88,131,151.82 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 333,257.14 487,193.86 361,569.92 Scheduled Principal 76,467.73 73,764.51 9,592.47 Unscheduled Principal 2,442,355.84 2,325,210.26 240,764.23 Scheduled Interest 256,789.41 413,429.35 351,977.45 Servicing Fees 14,793.80 17,118.88 22,095.38 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 287.39 10,253.78 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 241,708.22 386,056.69 329,882.07 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 4.145815 4.510933 4.478974
Group Level Collateral Statement Group Group II Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.269103 4.973487 Weighted Average Net Rate 4.961192 4.696500 Weighted Average Maturity 341 341 Beginning Loan Count 546 1,112 Loans Paid In Full 11 24 Ending Loan Count 535 1,088 Beginning Scheduled Balance 242,397,070.44 503,439,599.87 Ending scheduled Balance 237,184,708.75 493,059,083.14 Record Date 10/31/2004 10/31/2004 Principal And Interest Constant 1,269,555.27 2,451,576.19 Scheduled Principal 205,209.41 365,034.12 Unscheduled Principal 5,007,152.28 10,015,482.61 Scheduled Interest 1,064,345.86 2,086,542.07 Servicing Fees 62,197.19 116,205.25 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 100.89 10,642.06 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 1,002,047.78 1,959,694.76 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 4.960693 4.671134
-----END PRIVACY-ENHANCED MESSAGE-----