-----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, Jup9KutArnG/fu6gp3nphj5/A4jjvjH+QIl6f3kIcK27ddxKEZmhqFPJMAdTtagb 6QnkLUEuWE7tbl7Tob2F9g== 0001056404-04-003168.txt : 20040929 0001056404-04-003168.hdr.sgml : 20040929 20040929095241 ACCESSION NUMBER: 0001056404-04-003168 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040925 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040929 DATE AS OF CHANGE: 20040929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANC OF AMERICA MORTGAGE PASS-THROUGH CERT SER 2003-K CENTRAL INDEX KEY: 0001271133 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-105940-15 FILM NUMBER: 041051329 BUSINESS ADDRESS: STREET 1: 201 NORTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 bam0300k_sep.txt SEPTEMBER 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 BANC OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-K Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-105940-15 54-2135811 Pooling and Servicing Agreement) (Commission 54-2135812 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 27, 2004 a distribution was made to holders of BANC OF AMERICA MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-K 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-K 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. BANC OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-K Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/28/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-K Trust, relating to the September 27, 2004 distribution. EX-99.1
Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/27/2004 BAM Series: 2003-K 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 1-A-1 05948XZB0 SEN 3.39456% 54,938,868.78 155,410.97 2,626,803.79 1-A-2 05948XZC8 SEN 3.94456% 28,218,828.58 92,759.00 1,349,232.84 1-A-3 05948XZD6 SEN 3.94456% 917,803.92 3,016.94 43,883.15 1-A-R 05948XZE4 SEN 3.60464% 0.00 0.00 0.00 1-A-LR 05948XZF1 SEN 3.60464% 0.00 0.13 0.00 2-A-1 05948XZG9 SEN 4.21137% 179,998,695.06 631,700.62 2,882,051.27 2-A-2 05948XZH7 SEN 4.52637% 204,660,255.90 771,973.02 3,276,920.15 3-A-1 05948XZJ3 SEN 4.63632% 40,630,229.24 156,978.98 871,635.17 B-1 05948XZK0 SUB 4.23268% 10,000,857.72 35,275.33 11,183.65 B-2 05948XZL8 SUB 4.23268% 5,714,492.87 20,156.33 6,390.34 B-3 05948XZM6 SUB 4.23268% 2,857,246.44 10,078.17 3,195.17 B-4 05948XZS3 SUB 4.23268% 1,071,591.21 3,779.75 1,198.33 B-5 05948XZT1 SUB 4.23268% 1,071,591.21 3,779.75 1,198.33 B-6 05948XZU8 SUB 4.23268% 1,786,098.92 6,299.98 1,997.34 1-IO 05948XZP9 SEN 0.48039% 0.00 35,513.26 0.00 2-IO 05948XZQ7 SEN 0.14740% 0.00 49,259.49 0.00 3-IO 05948XZR5 SEN 0.15400% 0.00 5,407.30 0.00 SES 05948XZN4 SEN 0.00000% 0.00 100,035.15 0.00 Totals 531,866,559.85 2,081,424.17 11,075,689.53
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 52,312,064.99 2,782,214.76 0.00 1-A-2 0.00 26,869,595.74 1,441,991.84 0.00 1-A-3 0.00 873,920.77 46,900.09 0.00 1-A-R 0.00 0.00 0.00 0.00 1-A-LR 0.00 0.00 0.13 0.00 2-A-1 0.00 177,116,643.79 3,513,751.89 0.00 2-A-2 0.00 201,383,335.75 4,048,893.17 0.00 3-A-1 0.00 39,758,594.07 1,028,614.15 0.00 B-1 0.00 9,989,674.06 46,458.98 0.00 B-2 0.00 5,708,102.53 26,546.67 0.00 B-3 0.00 2,854,051.26 13,273.34 0.00 B-4 0.00 1,070,392.88 4,978.08 0.00 B-5 0.00 1,070,392.88 4,978.08 0.00 B-6 0.00 1,784,101.58 8,297.32 0.00 1-IO 0.00 0.00 35,513.26 0.00 2-IO 0.00 0.00 49,259.49 0.00 3-IO 0.00 0.00 5,407.30 0.00 SES 0.00 0.00 100,035.15 0.00 Totals 0.00 520,790,870.30 13,157,113.70 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) 1-A-1 94,278,000.00 54,938,868.78 79,918.74 2,546,885.05 0.00 0.00 1-A-2 48,425,000.00 28,218,828.58 41,049.50 1,308,183.33 0.00 0.00 1-A-3 1,575,000.00 917,803.92 1,335.12 42,548.04 0.00 0.00 1-A-R 50.00 0.00 0.00 0.00 0.00 0.00 1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00 2-A-1 237,465,000.00 179,998,695.06 181,066.72 2,700,984.56 0.00 0.00 2-A-2 270,000,000.00 204,660,255.90 205,874.61 3,071,045.54 0.00 0.00 3-A-1 46,782,000.00 40,630,229.24 52,968.06 818,667.11 0.00 0.00 B-1 10,098,000.00 10,000,857.72 11,183.65 0.00 0.00 0.00 B-2 5,770,000.00 5,714,492.87 6,390.34 0.00 0.00 0.00 B-3 2,885,000.00 2,857,246.44 3,195.17 0.00 0.00 0.00 B-4 1,082,000.00 1,071,591.21 1,198.33 0.00 0.00 0.00 B-5 1,082,000.00 1,071,591.21 1,198.33 0.00 0.00 0.00 B-6 1,803,448.00 1,786,098.92 1,997.34 0.00 0.00 0.00 1-IO 0.00 0.00 0.00 0.00 0.00 0.00 2-IO 0.00 0.00 0.00 0.00 0.00 0.00 3-IO 0.00 0.00 0.00 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 Totals 721,245,548.00 531,866,559.85 587,375.91 10,488,313.63 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 1-A-1 2,626,803.79 52,312,064.99 0.55487033 2,626,803.79 1-A-2 1,349,232.84 26,869,595.74 0.55487033 1,349,232.84 1-A-3 43,883.15 873,920.77 0.55487033 43,883.15 1-A-R 0.00 0.00 0.00000000 0.00 1-A-LR 0.00 0.00 0.00000000 0.00 2-A-1 2,882,051.27 177,116,643.79 0.74586421 2,882,051.27 2-A-2 3,276,920.15 201,383,335.75 0.74586421 3,276,920.15 3-A-1 871,635.17 39,758,594.07 0.84986948 871,635.17 B-1 11,183.65 9,989,674.06 0.98927254 11,183.65 B-2 6,390.34 5,708,102.53 0.98927254 6,390.34 B-3 3,195.17 2,854,051.26 0.98927253 3,195.17 B-4 1,198.33 1,070,392.88 0.98927253 1,198.33 B-5 1,198.33 1,070,392.88 0.98927253 1,198.33 B-6 1,997.34 1,784,101.58 0.98927254 1,997.34 1-IO 0.00 0.00 0.00000000 0.00 2-IO 0.00 0.00 0.00000000 0.00 3-IO 0.00 0.00 0.00000000 0.00 SES 0.00 0.00 0.00000000 0.00 Totals 11,075,689.53 520,790,870.30 0.72207152 11,075,689.53
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 94,278,000.00 582.73265004 0.84769236 27.01462748 0.00000000 1-A-2 48,425,000.00 582.73265008 0.84769231 27.01462736 0.00000000 1-A-3 1,575,000.00 582.73264762 0.84769524 27.01462857 0.00000000 1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 237,465,000.00 758.00094776 0.76249856 11.37424277 0.00000000 2-A-2 270,000,000.00 758.00094778 0.76249856 11.37424274 0.00000000 3-A-1 46,782,000.00 868.50133043 1.13223163 17.49961759 0.00000000 B-1 10,098,000.00 990.38004753 1.10751139 0.00000000 0.00000000 B-2 5,770,000.00 990.38004679 1.10751127 0.00000000 0.00000000 B-3 2,885,000.00 990.38004853 1.10751127 0.00000000 0.00000000 B-4 1,082,000.00 990.38004621 1.10751386 0.00000000 0.00000000 B-5 1,082,000.00 990.38004621 1.10751386 0.00000000 0.00000000 B-6 1,803,448.00 990.38004977 1.10751183 0.00000000 0.00000000 1-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00 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 1-A-1 0.00000000 27.86231984 554.87033019 0.55487033 27.86231984 1-A-2 0.00000000 27.86231988 554.87033020 0.55487033 27.86231988 1-A-3 0.00000000 27.86231746 554.87033016 0.55487033 27.86231746 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 12.13674129 745.86420647 0.74586421 12.13674129 2-A-2 0.00000000 12.13674130 745.86420648 0.74586421 12.13674130 3-A-1 0.00000000 18.63184922 849.86948121 0.84986948 18.63184922 B-1 0.00000000 1.10751139 989.27253516 0.98927254 1.10751139 B-2 0.00000000 1.10751127 989.27253553 0.98927254 1.10751127 B-3 0.00000000 1.10751127 989.27253380 0.98927253 1.10751127 B-4 0.00000000 1.10751386 989.27253235 0.98927253 1.10751386 B-5 0.00000000 1.10751386 989.27253235 0.98927253 1.10751386 B-6 0.00000000 1.10751183 989.27253794 0.98927254 1.10751183 1-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 SES 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 1-A-1 94,278,000.00 3.39456% 54,938,868.78 155,410.97 0.00 0.00 1-A-2 48,425,000.00 3.94456% 28,218,828.58 92,759.00 0.00 0.00 1-A-3 1,575,000.00 3.94456% 917,803.92 3,016.94 0.00 0.00 1-A-R 50.00 3.60464% 0.00 0.00 0.00 0.00 1-A-LR 50.00 3.60464% 0.00 0.00 0.00 0.00 2-A-1 237,465,000.00 4.21137% 179,998,695.06 631,700.61 0.00 0.00 2-A-2 270,000,000.00 4.52637% 204,660,255.90 771,973.02 0.00 0.00 3-A-1 46,782,000.00 4.63632% 40,630,229.24 156,978.97 0.00 0.00 B-1 10,098,000.00 4.23268% 10,000,857.72 35,275.33 0.00 0.00 B-2 5,770,000.00 4.23268% 5,714,492.87 20,156.33 0.00 0.00 B-3 2,885,000.00 4.23268% 2,857,246.44 10,078.17 0.00 0.00 B-4 1,082,000.00 4.23268% 1,071,591.21 3,779.75 0.00 0.00 B-5 1,082,000.00 4.23268% 1,071,591.21 3,779.75 0.00 0.00 B-6 1,803,448.00 4.23268% 1,786,098.92 6,299.98 0.00 0.00 1-IO 0.00 0.48039% 88,710,150.70 35,513.26 0.00 0.00 2-IO 0.00 0.14740% 401,021,578.92 49,259.49 0.00 0.00 3-IO 0.00 0.15400% 42,134,830.79 5,407.30 0.00 0.00 SES 0.00 0.00000% 531,866,560.41 0.00 0.00 0.00 Totals 721,245,548.00 1,981,388.87 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 1-A-1 0.00 0.00 155,410.97 0.00 52,312,064.99 1-A-2 0.00 0.00 92,759.00 0.00 26,869,595.74 1-A-3 0.00 0.00 3,016.94 0.00 873,920.77 1-A-R 0.00 0.00 0.00 0.00 0.00 1-A-LR 0.00 0.00 0.13 0.00 0.00 2-A-1 0.00 0.00 631,700.62 0.00 177,116,643.79 2-A-2 0.00 0.00 771,973.02 0.00 201,383,335.75 3-A-1 0.00 0.00 156,978.98 0.00 39,758,594.07 B-1 0.00 0.00 35,275.33 0.00 9,989,674.06 B-2 0.00 0.00 20,156.33 0.00 5,708,102.53 B-3 0.00 0.00 10,078.17 0.00 2,854,051.26 B-4 0.00 0.00 3,779.75 0.00 1,070,392.88 B-5 0.00 0.00 3,779.75 0.00 1,070,392.88 B-6 0.00 0.00 6,299.98 0.00 1,784,101.58 1-IO 0.00 0.00 35,513.26 0.00 84,683,488.97 2-IO 0.00 0.00 49,259.49 0.00 394,846,147.78 3-IO 0.00 0.00 5,407.30 0.00 41,261,234.13 SES 0.00 0.00 100,035.15 0.00 520,790,870.88 Totals 0.00 0.00 2,081,424.17 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 1-A-1 94,278,000.00 3.39456% 582.73265004 1.64843304 0.00000000 0.00000000 1-A-2 48,425,000.00 3.94456% 582.73265008 1.91551884 0.00000000 0.00000000 1-A-3 1,575,000.00 3.94456% 582.73264762 1.91551746 0.00000000 0.00000000 1-A-R 50.00 3.60464% 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 50.00 3.60464% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 237,465,000.00 4.21137% 758.00094776 2.66018407 0.00000000 0.00000000 2-A-2 270,000,000.00 4.52637% 758.00094778 2.85915933 0.00000000 0.00000000 3-A-1 46,782,000.00 4.63632% 868.50133043 3.35554209 0.00000000 0.00000000 B-1 10,098,000.00 4.23268% 990.38004753 3.49329867 0.00000000 0.00000000 B-2 5,770,000.00 4.23268% 990.38004679 3.49329809 0.00000000 0.00000000 B-3 2,885,000.00 4.23268% 990.38004853 3.49329983 0.00000000 0.00000000 B-4 1,082,000.00 4.23268% 990.38004621 3.49329945 0.00000000 0.00000000 B-5 1,082,000.00 4.23268% 990.38004621 3.49329945 0.00000000 0.00000000 B-6 1,803,448.00 4.23268% 990.38004977 3.49329728 0.00000000 0.00000000 1-IO 0.00 0.48039% 595.48551221 0.23839021 0.00000000 0.00000000 2-IO 0.00 0.14740% 765.35128565 0.09401193 0.00000000 0.00000000 3-IO 0.00 0.15400% 872.28796929 0.11194355 0.00000000 0.00000000 SES 0.00 0.00000% 737.42785860 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 1-A-1 0.00000000 0.00000000 1.64843304 0.00000000 554.87033019 1-A-2 0.00000000 0.00000000 1.91551884 0.00000000 554.87033020 1-A-3 0.00000000 0.00000000 1.91551746 0.00000000 554.87033016 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 2.60000000 0.00000000 0.00000000 2-A-1 0.00000000 0.00000000 2.66018411 0.00000000 745.86420647 2-A-2 0.00000000 0.00000000 2.85915933 0.00000000 745.86420648 3-A-1 0.00000000 0.00000000 3.35554230 0.00000000 849.86948121 B-1 0.00000000 0.00000000 3.49329867 0.00000000 989.27253516 B-2 0.00000000 0.00000000 3.49329809 0.00000000 989.27253553 B-3 0.00000000 0.00000000 3.49329983 0.00000000 989.27253380 B-4 0.00000000 0.00000000 3.49329945 0.00000000 989.27253235 B-5 0.00000000 0.00000000 3.49329945 0.00000000 989.27253235 B-6 0.00000000 0.00000000 3.49329728 0.00000000 989.27253794 1-IO 0.00000000 0.00000000 0.23839021 0.00000000 568.45569990 2-IO 0.00000000 0.00000000 0.09401193 0.00000000 753.56545065 3-IO 0.00000000 0.00000000 0.11194355 0.00000000 854.20250788 SES 0.00000000 0.00000000 0.13869777 0.00000000 722.07152185 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 1-SES 0.00000% 88,710,150.70 84,683,488.97 0.00 0.00 56.84556999% 2-SES 0.00000% 401,021,578.92 394,846,147.78 0.00 0.00 75.35654506% 3-SES 0.00000% 42,134,830.79 41,261,234.13 0.00 0.00 85.42025079%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 13,180,826.11 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 13,180,826.11 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 23,712.41 Payment of Interest and Principal 13,157,113.70 Total Withdrawals (Pool Distribution Amount) 13,180,826.11 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 22,161.11 Trustee Fee - Wells Fargo Bank, N.A. 1,551.30 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 23,712.41
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5 0 0 0 5 2,686,307.34 0.00 0.00 0.00 2,686,307.34 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5 0 0 0 5 2,686,307.34 0.00 0.00 0.00 2,686,307.34 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.482625% 0.000000% 0.000000% 0.000000% 0.482625% 0.515337% 0.000000% 0.000000% 0.000000% 0.515337% 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 0.482625% 0.000000% 0.000000% 0.000000% 0.482625% 0.515337% 0.000000% 0.000000% 0.000000% 0.515337%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 - 3/1 ARM 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 1,518,830.87 0.00 0.00 0.00 1,518,830.87 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 0 0 3 1,518,830.87 0.00 0.00 0.00 1,518,830.87 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.714286% 0.000000% 0.000000% 0.000000% 1.714286% 1.791272% 0.000000% 0.000000% 0.000000% 1.791272% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.714286% 0.000000% 0.000000% 0.000000% 1.714286% 1.791272% 0.000000% 0.000000% 0.000000% 1.791272% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 - 5/1 ARM 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 1,167,476.47 0.00 0.00 0.00 1,167,476.47 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 2 0 0 0 2 1,167,476.47 0.00 0.00 0.00 1,167,476.47 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.256082% 0.000000% 0.000000% 0.000000% 0.256082% 0.295434% 0.000000% 0.000000% 0.000000% 0.295434% 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 0.256082% 0.000000% 0.000000% 0.000000% 0.256082% 0.295434% 0.000000% 0.000000% 0.000000% 0.295434% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 - 7/1 ARM No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.744768% Weighted Average Net Coupon 4.473919% Weighted Average Pass-Through Rate 4.470419% Weighted Average Maturity(Stepdown Calculation) 347 Beginning Scheduled Collateral Loan Count 1,057 Number Of Loans Paid In Full 21 Ending Scheduled Collateral Loan Count 1,036 Beginning Scheduled Collateral Balance 531,866,560.41 Ending Scheduled Collateral Balance 520,790,870.88 Ending Actual Collateral Balance at 31-Aug-2004 521,271,788.91 Monthly P &I Constant 2,690,362.36 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 520,790,870.88 Scheduled Principal 587,375.90 Unscheduled Principal 10,488,313.63
Miscellaneous Reporting Total Senior % 95.769262% Total Subordinate % 4.230738%
Group Level Collateral Statement Group 1 - 3/1 ARM 2 - 5/1 ARM 3 - 7/1 ARM Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.444058 4.779868 5.043821 Weighted Average Net Rate 4.194058 4.529868 4.793821 Weighted Average Maturity 348 348 346 Beginning Loan Count 182 793 82 Loans Paid In Full 7 12 2 Ending Loan Count 175 781 80 Beginning Scheduled Balance 88,710,150.70 401,021,578.92 42,134,830.79 Ending scheduled Balance 84,683,488.97 394,846,147.78 41,261,234.13 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 457,572.84 2,000,759.53 232,029.99 Scheduled Principal 129,045.31 403,401.04 54,929.55 Unscheduled Principal 3,897,616.42 5,772,030.10 818,667.11 Scheduled Interest 328,527.53 1,597,358.49 177,100.44 Servicing Fees 18,481.29 83,546.16 8,778.08 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 258.74 1,169.65 122.91 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 9,240.63 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 300,546.87 1,512,642.68 168,199.45 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 4.065558 4.526368 4.790321
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 4.744768 Weighted Average Net Rate 4.473919 Weighted Average Maturity 347 Beginning Loan Count 1,057 Loans Paid In Full 21 Ending Loan Count 1,036 Beginning Scheduled Balance 531,866,560.41 Ending scheduled Balance 520,790,870.88 Record Date 08/31/2004 Principal And Interest Constant 2,690,362.36 Scheduled Principal 587,375.90 Unscheduled Principal 10,488,313.63 Scheduled Interest 2,102,986.46 Servicing Fees 110,805.53 Master Servicing Fees 0.00 Trustee Fee 1,551.30 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 9,240.63 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,981,389.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 4.470419
Miscellaneous Reporting Group 1 - 3/1 ARM CPR 41.723727% Senior % 94.775514% Senior Prepayment % 100.000000% Subordinate% 5.224486% Subordinate Prepayment% 0.000000% Group 2 - 5/1 ARM CPR 15.983024% Senior % 95.919764% Senior Prepayment % 100.000000% Subordinate% 4.080236% Subordinate Prepayment% 0.000000% Group 3 - 7/1 ARM CPR 21.003105% Senior % 96.429079% Senior Prepayment % 100.000000% Subordinate% 3.570921% Subordinate Prepayment% 0.000000%
-----END PRIVACY-ENHANCED MESSAGE-----