-----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, I8gAa6mLrDcYWT4XYDV/TwFl1P/X0zcneWny+SmyAQGbP+iq6Z30LNNPNM3+aJTj iqSbUv4Ry/Q6xlmqUbY9Qw== 0001056404-04-004249.txt : 20041203 0001056404-04-004249.hdr.sgml : 20041203 20041203144514 ACCESSION NUMBER: 0001056404-04-004249 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 MORT PASS THR CERTS SER 2003-8 CENTRAL INDEX KEY: 0001271666 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106323-05 FILM NUMBER: 041183326 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst03008_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 2003-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-05 54-2135818 Pooling and Servicing Agreement) (Commission 54-2135819 (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 November 26, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-8 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 2003-8 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 2003-8 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 2003-8 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: 2003-8 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 07384MZQ8 SEN 4.30780% 113,646,467.88 407,972.00 5,038,968.61 I-A-2 07384MZR6 SEN 4.30780% 7,260,808.07 26,065.10 321,936.83 II-A-1 07384MZS4 SEN 4.90871% 150,407,529.03 615,256.33 4,982,831.86 II-A-2 07384MZT2 SEN 4.90871% 9,609,327.61 39,307.87 318,346.19 III-A 07384MZU9 SEN 5.17494% 34,823,139.67 150,172.92 877,618.44 IV-A-1 07384MZV7 SEN 4.77756% 149,383,230.61 594,739.23 4,954,907.98 IV-A-2 07384MZW5 SEN 4.77756% 9,543,957.93 37,997.35 316,564.54 V-A 07384MZX3 SEN 4.40120% 37,915,191.88 139,060.19 502,072.89 R-I 07384MZY1 SEN 4.38728% 0.00 0.00 0.00 R-II 07384MZZ8 SEN 4.38728% 0.00 0.00 0.00 B-1 07384MA28 SUB 4.71487% 15,783,029.42 62,012.47 12,192.49 B-2 07384MA36 SUB 4.71487% 6,159,209.22 24,199.90 4,758.03 B-3 07384MA44 SUB 4.71487% 4,619,481.31 18,150.22 3,568.58 B-4 07384MA51 SUB 4.71487% 1,924,585.50 7,561.81 1,486.75 B-5 07384MA69 SUB 4.71487% 2,309,740.65 9,075.11 1,784.29 B-6 07384MA77 SUB 4.71487% 1,925,059.77 7,563.67 1,487.12 Totals 545,310,758.55 2,139,134.17 17,338,524.60
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 108,607,499.27 5,446,940.61 0.00 I-A-2 0.00 6,938,871.24 348,001.93 0.00 II-A-1 0.00 145,424,697.17 5,598,088.19 0.00 II-A-2 0.00 9,290,981.42 357,654.06 0.00 III-A 0.00 33,945,521.22 1,027,791.36 0.00 IV-A-1 0.00 144,428,322.64 5,549,647.21 0.00 IV-A-2 0.00 9,227,393.39 354,561.89 0.00 V-A 0.00 37,413,118.99 641,133.08 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 15,770,836.94 74,204.96 0.00 B-2 0.00 6,154,451.20 28,957.93 0.00 B-3 0.00 4,615,912.73 21,718.80 0.00 B-4 0.00 1,923,098.74 9,048.56 0.00 B-5 0.00 2,307,956.37 10,859.40 0.00 B-6 0.00 1,923,572.65 9,050.79 0.00 Totals 0.00 527,972,233.97 19,477,658.77 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-1 166,273,200.00 113,646,467.88 53,587.29 4,985,381.32 0.00 0.00 I-A-2 10,623,100.00 7,260,808.07 3,423.66 318,513.17 0.00 0.00 II-A-1 224,194,900.00 150,407,529.03 112,889.70 4,869,942.16 0.00 0.00 II-A-2 14,323,500.00 9,609,327.61 7,212.37 311,133.82 0.00 0.00 III-A 51,525,800.00 34,823,139.67 21,373.45 856,244.99 0.00 0.00 IV-A-1 222,318,100.00 149,383,230.61 165,047.45 4,789,860.52 0.00 0.00 IV-A-2 14,203,700.00 9,543,957.93 10,544.73 306,019.81 0.00 0.00 V-A 39,738,800.00 37,915,191.88 18,373.65 483,699.24 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 B-1 15,911,900.00 15,783,029.42 12,192.49 0.00 0.00 0.00 B-2 6,209,500.00 6,159,209.22 4,758.03 0.00 0.00 0.00 B-3 4,657,200.00 4,619,481.31 3,568.58 0.00 0.00 0.00 B-4 1,940,300.00 1,924,585.50 1,486.75 0.00 0.00 0.00 B-5 2,328,600.00 2,309,740.65 1,784.29 0.00 0.00 0.00 B-6 1,940,777.96 1,925,059.77 1,487.12 0.00 0.00 0.00 Totals 776,189,477.96 545,310,758.55 417,729.56 16,920,795.03 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 5,038,968.61 108,607,499.27 0.65318704 5,038,968.61 I-A-2 321,936.83 6,938,871.24 0.65318704 321,936.83 II-A-1 4,982,831.86 145,424,697.17 0.64865301 4,982,831.86 II-A-2 318,346.19 9,290,981.42 0.64865301 318,346.19 III-A 877,618.44 33,945,521.22 0.65880629 877,618.44 IV-A-1 4,954,907.98 144,428,322.64 0.64964716 4,954,907.98 IV-A-2 316,564.54 9,227,393.39 0.64964716 316,564.54 V-A 502,072.89 37,413,118.99 0.94147581 502,072.89 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 12,192.49 15,770,836.94 0.99113474 12,192.49 B-2 4,758.03 6,154,451.20 0.99113475 4,758.03 B-3 3,568.58 4,615,912.73 0.99113474 3,568.58 B-4 1,486.75 1,923,098.74 0.99113474 1,486.75 B-5 1,784.29 2,307,956.37 0.99113475 1,784.29 B-6 1,487.12 1,923,572.65 0.99113484 1,487.12 Totals 17,338,524.60 527,972,233.97 0.68021050 17,338,524.60
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 166,273,200.00 683.49239613 0.32228459 29.98307196 0.00000000 I-A-2 10,623,100.00 683.49239582 0.32228446 29.98307180 0.00000000 II-A-1 224,194,900.00 670.87845901 0.50353376 21.72191321 0.00000000 II-A-2 14,323,500.00 670.87845918 0.50353405 21.72191294 0.00000000 III-A 51,525,800.00 675.83889372 0.41481064 16.61779128 0.00000000 IV-A-1 222,318,100.00 671.93463155 0.74239322 21.54507672 0.00000000 IV-A-2 14,203,700.00 671.93463182 0.74239318 21.54507699 0.00000000 V-A 39,738,800.00 954.11013619 0.46236046 12.17196392 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 B-1 15,911,900.00 991.90099360 0.76624979 0.00000000 0.00000000 B-2 6,209,500.00 991.90099364 0.76625010 0.00000000 0.00000000 B-3 4,657,200.00 991.90099416 0.76625011 0.00000000 0.00000000 B-4 1,940,300.00 991.90099469 0.76624749 0.00000000 0.00000000 B-5 2,328,600.00 991.90099201 0.76625011 0.00000000 0.00000000 B-6 1,940,777.96 991.90108795 0.76624943 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 30.30535655 653.18703958 0.65318704 30.30535655 I-A-2 0.00000000 30.30535625 653.18703956 0.65318704 30.30535625 II-A-1 0.00000000 22.22544697 648.65301204 0.64865301 22.22544697 II-A-2 0.00000000 22.22544699 648.65301218 0.64865301 22.22544699 III-A 0.00000000 17.03260192 658.80629161 0.65880629 17.03260192 IV-A-1 0.00000000 22.28746998 649.64716161 0.64964716 22.28746998 IV-A-2 0.00000000 22.28747017 649.64716166 0.64964716 22.28747017 V-A 0.00000000 12.63432439 941.47581180 0.94147581 12.63432439 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.76624979 991.13474444 0.99113474 0.76624979 B-2 0.00000000 0.76625010 991.13474515 0.99113475 0.76625010 B-3 0.00000000 0.76625011 991.13474405 0.99113474 0.76625011 B-4 0.00000000 0.76624749 991.13474205 0.99113474 0.76624749 B-5 0.00000000 0.76625011 991.13474620 0.99113475 0.76625011 B-6 0.00000000 0.76624943 991.13483853 0.99113484 0.76624943 (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-1 166,273,200.00 4.30780% 113,646,467.88 407,972.00 0.00 0.00 I-A-2 10,623,100.00 4.30780% 7,260,808.07 26,065.10 0.00 0.00 II-A-1 224,194,900.00 4.90871% 150,407,529.03 615,256.33 0.00 0.00 II-A-2 14,323,500.00 4.90871% 9,609,327.61 39,307.87 0.00 0.00 III-A 51,525,800.00 5.17494% 34,823,139.67 150,172.92 0.00 0.00 IV-A-1 222,318,100.00 4.77756% 149,383,230.61 594,739.23 0.00 0.00 IV-A-2 14,203,700.00 4.77756% 9,543,957.93 37,997.35 0.00 0.00 V-A 39,738,800.00 4.40120% 37,915,191.88 139,060.19 0.00 0.00 R-I 50.00 4.38728% 0.00 0.00 0.00 0.00 R-II 50.00 4.38728% 0.00 0.00 0.00 0.00 B-1 15,911,900.00 4.71487% 15,783,029.42 62,012.47 0.00 0.00 B-2 6,209,500.00 4.71487% 6,159,209.22 24,199.90 0.00 0.00 B-3 4,657,200.00 4.71487% 4,619,481.31 18,150.22 0.00 0.00 B-4 1,940,300.00 4.71487% 1,924,585.50 7,561.81 0.00 0.00 B-5 2,328,600.00 4.71487% 2,309,740.65 9,075.11 0.00 0.00 B-6 1,940,777.96 4.71487% 1,925,059.77 7,563.67 0.00 0.00 Totals 776,189,477.96 2,139,134.17 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 0.00 407,972.00 0.00 108,607,499.27 I-A-2 0.00 0.00 26,065.10 0.00 6,938,871.24 II-A-1 0.00 0.00 615,256.33 0.00 145,424,697.17 II-A-2 0.00 0.00 39,307.87 0.00 9,290,981.42 III-A 0.00 0.00 150,172.92 0.00 33,945,521.22 IV-A-1 0.00 0.00 594,739.23 0.00 144,428,322.64 IV-A-2 0.00 0.00 37,997.35 0.00 9,227,393.39 V-A 0.00 0.00 139,060.19 0.00 37,413,118.99 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 62,012.47 0.00 15,770,836.94 B-2 0.00 0.00 24,199.90 0.00 6,154,451.20 B-3 0.00 0.00 18,150.22 0.00 4,615,912.73 B-4 0.00 0.00 7,561.81 0.00 1,923,098.74 B-5 0.00 0.00 9,075.11 0.00 2,307,956.37 B-6 0.00 0.00 7,563.67 0.00 1,923,572.65 Totals 0.00 0.00 2,139,134.17 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 I-A-1 166,273,200.00 4.30780% 683.49239613 2.45362452 0.00000000 0.00000000 I-A-2 10,623,100.00 4.30780% 683.49239582 2.45362465 0.00000000 0.00000000 II-A-1 224,194,900.00 4.90871% 670.87845901 2.74429227 0.00000000 0.00000000 II-A-2 14,323,500.00 4.90871% 670.87845918 2.74429225 0.00000000 0.00000000 III-A 51,525,800.00 5.17494% 675.83889372 2.91451894 0.00000000 0.00000000 IV-A-1 222,318,100.00 4.77756% 671.93463155 2.67517233 0.00000000 0.00000000 IV-A-2 14,203,700.00 4.77756% 671.93463182 2.67517267 0.00000000 0.00000000 V-A 39,738,800.00 4.40120% 954.11013619 3.49935554 0.00000000 0.00000000 R-I 50.00 4.38728% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.38728% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,911,900.00 4.71487% 991.90099360 3.89723854 0.00000000 0.00000000 B-2 6,209,500.00 4.71487% 991.90099364 3.89723810 0.00000000 0.00000000 B-3 4,657,200.00 4.71487% 991.90099416 3.89723868 0.00000000 0.00000000 B-4 1,940,300.00 4.71487% 991.90099469 3.89723754 0.00000000 0.00000000 B-5 2,328,600.00 4.71487% 991.90099201 3.89723868 0.00000000 0.00000000 B-6 1,940,777.96 4.71487% 991.90108795 3.89723614 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 2.45362452 0.00000000 653.18703958 I-A-2 0.00000000 0.00000000 2.45362465 0.00000000 653.18703956 II-A-1 0.00000000 0.00000000 2.74429227 0.00000000 648.65301204 II-A-2 0.00000000 0.00000000 2.74429225 0.00000000 648.65301218 III-A 0.00000000 0.00000000 2.91451894 0.00000000 658.80629161 IV-A-1 0.00000000 0.00000000 2.67517233 0.00000000 649.64716161 IV-A-2 0.00000000 0.00000000 2.67517267 0.00000000 649.64716166 V-A 0.00000000 0.00000000 3.49935554 0.00000000 941.47581180 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.89723854 0.00000000 991.13474444 B-2 0.00000000 0.00000000 3.89723810 0.00000000 991.13474515 B-3 0.00000000 0.00000000 3.89723868 0.00000000 991.13474405 B-4 0.00000000 0.00000000 3.89723754 0.00000000 991.13474205 B-5 0.00000000 0.00000000 3.89723868 0.00000000 991.13474620 B-6 0.00000000 0.00000000 3.89723614 0.00000000 991.13483853 (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 19,575,407.37 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 51,381.84 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 19,626,789.21 Withdrawals Reimbursement for Servicer Advances 28,599.80 Payment of Service Fee 120,530.64 Payment of Interest and Principal 19,477,658.77 Total Withdrawals (Pool Distribution Amount) 19,626,789.21 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 117,860.56 Miscellaneous Fee 2,670.08 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 120,530.64
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 1 100,520.50 0.00 0.00 100,520.50 30 Days 16 0 0 0 16 8,648,157.73 0.00 0.00 0.00 8,648,157.73 60 Days 1 0 0 0 1 494,502.01 0.00 0.00 0.00 494,502.01 90 Days 1 0 0 0 1 515,360.44 0.00 0.00 0.00 515,360.44 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 1 0 0 0 1 596,911.26 0.00 0.00 0.00 596,911.26 180+ Days 0 0 0 1 1 0.00 0.00 0.00 560,000.00 560,000.00 Totals 19 1 0 1 21 10,254,931.44 100,520.50 0.00 560,000.00 10,915,451.94 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 0.075758% 0.000000% 0.000000% 0.075758% 0.019027% 0.000000% 0.000000% 0.019027% 30 Days 1.212121% 0.000000% 0.000000% 0.000000% 1.212121% 1.636966% 0.000000% 0.000000% 0.000000% 1.636966% 60 Days 0.075758% 0.000000% 0.000000% 0.000000% 0.075758% 0.093602% 0.000000% 0.000000% 0.000000% 0.093602% 90 Days 0.075758% 0.000000% 0.000000% 0.000000% 0.075758% 0.097550% 0.000000% 0.000000% 0.000000% 0.097550% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.075758% 0.000000% 0.000000% 0.000000% 0.075758% 0.112986% 0.000000% 0.000000% 0.000000% 0.112986% 180+ Days 0.000000% 0.000000% 0.000000% 0.075758% 0.075758% 0.000000% 0.000000% 0.000000% 0.106000% 0.106000% Totals 1.439394% 0.075758% 0.000000% 0.075758% 1.590909% 1.941104% 0.019027% 0.000000% 0.106000% 2.066131%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 6 0 0 0 6 2,842,775.76 0.00 0.00 0.00 2,842,775.76 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 515,360.44 0.00 0.00 0.00 515,360.44 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 1 0 0 0 1 596,911.26 0.00 0.00 0.00 596,911.26 180 Days 0 0 0 1 1 0.00 0.00 0.00 560,000.00 560,000.00 Totals 8 0 0 1 9 3,955,047.46 0.00 0.00 560,000.00 4,515,047.46 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.500000% 0.000000% 0.000000% 0.000000% 2.500000% 2.303608% 0.000000% 0.000000% 0.000000% 2.303608% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.416667% 0.000000% 0.000000% 0.000000% 0.416667% 0.417616% 0.000000% 0.000000% 0.000000% 0.417616% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.416667% 0.000000% 0.000000% 0.000000% 0.416667% 0.483700% 0.000000% 0.000000% 0.000000% 0.483700% 180 Days 0.000000% 0.000000% 0.000000% 0.416667% 0.416667% 0.000000% 0.000000% 0.000000% 0.453789% 0.453789% Totals 3.333333% 0.000000% 0.000000% 0.416667% 3.750000% 3.204923% 0.000000% 0.000000% 0.453789% 3.658712% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 7 0 0 0 7 4,124,198.10 0.00 0.00 0.00 4,124,198.10 60 Days 1 0 0 0 1 494,502.01 0.00 0.00 0.00 494,502.01 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 8 0 0 0 8 4,618,700.11 0.00 0.00 0.00 4,618,700.11 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.023121% 0.000000% 0.000000% 0.000000% 2.023121% 2.494779% 0.000000% 0.000000% 0.000000% 2.494779% 60 Days 0.289017% 0.000000% 0.000000% 0.000000% 0.289017% 0.299130% 0.000000% 0.000000% 0.000000% 0.299130% 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 2.312139% 0.000000% 0.000000% 0.000000% 2.312139% 2.793909% 0.000000% 0.000000% 0.000000% 2.793909% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 339,366.07 0.00 0.00 0.00 339,366.07 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 1 339,366.07 0.00 0.00 0.00 339,366.07 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.149425% 0.000000% 0.000000% 0.000000% 1.149425% 0.936629% 0.000000% 0.000000% 0.000000% 0.936629% 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 1.149425% 0.000000% 0.000000% 0.000000% 1.149425% 0.936629% 0.000000% 0.000000% 0.000000% 0.936629% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 1 100,520.50 0.00 0.00 100,520.50 30 Days 2 0 0 0 2 1,341,817.80 0.00 0.00 0.00 1,341,817.80 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 1,341,817.80 100,520.50 0.00 0.00 1,442,338.30 0-29 Days 0.175131% 0.000000% 0.000000% 0.175131% 0.061229% 0.000000% 0.000000% 0.061229% 30 Days 0.350263% 0.000000% 0.000000% 0.000000% 0.350263% 0.817330% 0.000000% 0.000000% 0.000000% 0.817330% 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 0.350263% 0.175131% 0.000000% 0.000000% 0.525394% 0.817330% 0.061229% 0.000000% 0.000000% 0.878559% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 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 51,381.84
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 4.972573% Weighted Average Net Coupon 4.713212% Weighted Average Pass-Through Rate 4.707336% Weighted Average Maturity(Stepdown Calculation ) 347 Beginning Scheduled Collateral Loan Count 1,362 Number Of Loans Paid In Full 42 Ending Scheduled Collateral Loan Count 1,320 Beginning Scheduled Collateral Balance 545,310,758.26 Ending Scheduled Collateral Balance 527,972,233.67 Ending Actual Collateral Balance at 31-Oct-2004 528,304,053.89 Monthly P &I Constant 2,677,394.36 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 527,972,233.67 Scheduled Principal 417,729.56 Unscheduled Principal 16,920,795.03
Miscellaneous Reporting Senior Percentage Group 1 93.929037% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 6.070963% Subordinate Prepay Percentage Group 1 0.000000% Senior Percentage Group 2 93.840021% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 6.159979% Subordinate Prepay Percentage Group 2 0.000000% Senior Percentage Group 3 93.876404% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 3 6.123596% Subordinate Prepay Percentage Group 3 0.000000% Senior Percentage Group 4 93.871427% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 6.128573% Subordinate Prepay Percentage Group 4 0.000000% Senior Percentage Group 5 95.576085% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 5 4.423915% Subordinate Prepay Percentage Group 5 0.000000%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 4.563927 5.166311 5.455071 Weighted Average Net Rate 4.313927 4.916311 5.180467 Weighted Average Maturity 348 348 348 Beginning Loan Count 251 357 89 Loans Paid In Full 11 11 2 Ending Loan Count 240 346 87 Beginning Scheduled Balance 128,721,944.44 170,520,917.53 37,094,669.24 Ending scheduled Balance 123,357,354.18 165,211,855.57 36,215,656.60 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 550,260.45 862,122.71 191,396.02 Scheduled Principal 60,695.77 127,985.98 22,767.65 Unscheduled Principal 5,303,894.49 5,181,075.98 856,244.99 Scheduled Interest 489,564.68 734,136.73 168,628.37 Servicing Fees 26,817.07 35,525.20 8,488.61 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 657.13 1,079.48 171.00 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 462,090.48 697,532.05 159,968.76 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 4.307801 4.908714 5.174935
Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 5.040918 4.722924 4.972573 Weighted Average Net Rate 4.782963 4.401197 4.713212 Weighted Average Maturity 345 346 347 Beginning Loan Count 588 77 1,362 Loans Paid In Full 17 1 42 Ending Loan Count 571 76 1,320 Beginning Scheduled Balance 169,303,058.85 39,670,168.20 545,310,758.26 Ending scheduled Balance 164,020,122.47 39,167,244.85 527,972,233.67 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 898,258.42 175,356.76 2,677,394.36 Scheduled Principal 187,056.05 19,224.11 417,729.56 Unscheduled Principal 5,095,880.33 483,699.24 16,920,795.03 Scheduled Interest 711,202.37 156,132.65 2,259,664.80 Servicing Fees 36,393.88 10,635.80 117,860.56 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 762.47 0.00 2,670.08 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 674,046.02 145,496.85 2,139,134.16 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 4.777558 4.401197 4.707336
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