-----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, UBSdidLr8OgFIg9mfDSbbzALcIAjyoSWBkhsvvcZxkDoYsPVQh7F09BO/uwfLwAk f+gN53K2mVSPS1mtZ4Dzpg== 0001056404-05-000152.txt : 20050104 0001056404-05-000152.hdr.sgml : 20050104 20050104113735 ACCESSION NUMBER: 0001056404-05-000152 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041227 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050104 DATE AS OF CHANGE: 20050104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ALT A MORT PASS THR CERTS SER 2003-7 CENTRAL INDEX KEY: 0001274823 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 300183252 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106323-12 FILM NUMBER: 05504784 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bsl03007_dec.txt DEC. 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): December 27, 2004 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-12 Pooling and Servicing Agreement) (Commission 54-2139195 (State or other File Number) 54-2139196 jurisdiction 54-2139197 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 December 27, 2004 a distribution was made to holders of BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2003-7 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 2003-7 Trust, relating to the December 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 ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-7 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: 1/3/05 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-7 Trust, relating to the December 27, 2004 distribution. EX-99.1
Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 11/30/04 Distribution Date: 12/27/04 Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Series 2003-7 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 07386HEQ0 SEN 2.58063% 193,690,340.64 430,420.45 16,204,406.34 II-A-1 07386HER8 SEN 2.50063% 48,353,037.67 104,119.58 3,361,867.13 II-A-2 07386HES6 SEN 2.46063% 56,466,754.76 119,646.04 3,925,993.81 M-1 07386HET4 SUB 2.83063% 14,581,500.00 35,542.22 0.00 M-2 07386HEU1 SUB 3.53063% 8,748,900.00 26,598.97 0.00 B 07386HEV9 SUB 4.68063% 5,832,600.00 23,508.54 0.00 B-IO BSL030071 SEN 0.00000% 0.00 749,225.15 0.00 X BSL030072 SEN 0.00000% 2,916,293.00 0.00 0.00 XP BSL030073 SEN 0.00000% 100.00 56,422.53 0.00 R-1 BSL030074 RES 0.00000% 0.00 0.00 0.00 R-2 BSL030075 RES 0.00000% 0.00 0.00 0.00 R-3 BSL030076 RES 0.00000% 0.00 0.00 0.00 Totals 330,589,526.07 1,545,483.48 23,492,267.28
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 177,485,934.30 16,634,826.79 0.00 II-A-1 0.00 44,991,170.54 3,465,986.71 0.00 II-A-2 0.00 52,540,760.94 4,045,639.85 0.00 M-1 0.00 14,581,500.00 35,542.22 0.00 M-2 0.00 8,748,900.00 26,598.97 0.00 B 0.00 5,832,600.00 23,508.54 0.00 B-IO 0.00 0.00 749,225.15 0.00 X 0.00 2,916,293.00 0.00 0.00 XP 0.00 100.00 56,422.53 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 307,097,258.78 25,037,750.76 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-1 283,120,300.00 193,690,340.64 0.00 16,204,406.34 0.00 0.00 II-A-1 125,000,000.00 48,353,037.67 0.00 3,361,867.13 0.00 0.00 II-A-2 145,975,200.00 56,466,754.76 0.00 3,925,993.81 0.00 0.00 M-1 14,581,500.00 14,581,500.00 0.00 0.00 0.00 0.00 M-2 8,748,900.00 8,748,900.00 0.00 0.00 0.00 0.00 B 5,832,600.00 5,832,600.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 X 37.13 2,916,293.00 0.00 0.00 0.00 0.00 XP 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 583,258,637.13 330,589,526.07 0.00 23,492,267.28 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 16,204,406.34 177,485,934.30 0.62689229 16,204,406.34 II-A-1 3,361,867.13 44,991,170.54 0.35992936 3,361,867.13 II-A-2 3,925,993.81 52,540,760.94 0.35992936 3,925,993.81 M-1 0.00 14,581,500.00 1.00000000 0.00 M-2 0.00 8,748,900.00 1.00000000 0.00 B 0.00 5,832,600.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 X 0.00 2,916,293.00 78,542.76865069 0.00 XP 0.00 100.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 23,492,267.28 307,097,258.78 0.52651986 23,492,267.28
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 283,120,300.00 684.12735025 0.00000000 57.23505641 0.00000000 II-A-1 125,000,000.00 386.82430136 0.00000000 26.89493704 0.00000000 II-A-2 145,975,200.00 386.82430139 0.00000000 26.89493702 0.00000000 M-1 14,581,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 8,748,900.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 5,832,600.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X 37.13 78542768.65068680 0.00000000 0.00000000 0.00000000 XP 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
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 57.23505641 626.89229384 0.62689229 57.23505641 II-A-1 0.00000000 26.89493704 359.92936432 0.35992936 26.89493704 II-A-2 0.00000000 26.89493702 359.92936430 0.35992936 26.89493702 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 78,542,768.65068680 78542.76865069 0.00000000 XP 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A-1 283,120,300.00 2.58063% 193,690,340.64 430,420.45 0.00 0.00 II-A-1 125,000,000.00 2.50063% 48,353,037.67 104,119.58 0.00 0.00 II-A-2 145,975,200.00 2.46063% 56,466,754.76 119,646.04 0.00 0.00 M-1 14,581,500.00 2.83063% 14,581,500.00 35,542.22 0.00 0.00 M-2 8,748,900.00 3.53063% 8,748,900.00 26,598.97 0.00 0.00 B 5,832,600.00 4.68063% 5,832,600.00 23,508.54 0.00 0.00 B-IO 0.00 0.00000% 330,589,426.06 0.00 0.00 0.00 X 37.13 0.00000% 2,916,293.00 0.00 0.00 0.00 XP 100.00 0.00000% 100.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 583,258,637.13 739,835.80 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 0.00 430,420.45 0.00 177,485,934.30 II-A-1 0.00 0.00 104,119.58 0.00 44,991,170.54 II-A-2 0.00 0.00 119,646.04 0.00 52,540,760.94 M-1 0.00 0.00 35,542.22 0.00 14,581,500.00 M-2 0.00 0.00 26,598.97 0.00 8,748,900.00 B 0.00 0.00 23,508.54 0.00 5,832,600.00 B-IO 0.00 0.00 749,225.15 0.00 307,097,158.78 X 0.00 0.00 0.00 0.00 2,916,293.00 XP 0.00 0.00 56,422.53 0.00 100.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,545,483.48 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-1 283,120,300.00 2.58063% 684.12735025 1.52027407 0.00000000 0.00000000 II-A-1 125,000,000.00 2.50063% 386.82430136 0.83295664 0.00000000 0.00000000 II-A-2 145,975,200.00 2.46063% 386.82430139 0.81963265 0.00000000 0.00000000 M-1 14,581,500.00 2.83063% 1000.00000000 2.43748723 0.00000000 0.00000000 M-2 8,748,900.00 3.53063% 1000.00000000 3.04026449 0.00000000 0.00000000 B 5,832,600.00 4.68063% 1000.00000000 4.03054213 0.00000000 0.00000000 B-IO 0.00 0.00000% 566.79740632 0.00000000 0.00000000 0.00000000 X 37.13 0.00000% 78542768.65068680 0.00000000 0.00000000 0.00000000 XP 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 1.52027407 0.00000000 626.89229384 II-A-1 0.00000000 0.00000000 0.83295664 0.00000000 359.92936432 II-A-2 0.00000000 0.00000000 0.81963265 0.00000000 359.92936430 M-1 0.00000000 0.00000000 2.43748723 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.04026449 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.03054213 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 1.28455068 0.00000000 526.51978365 X 0.00000000 0.00000000 0.00000000 0.00000000 78542768.65068680 XP 0.00000000 0.00000000 564225.30000000 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 25,173,378.95 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 49,664.86 Realized Loss (Gains, Subsequent Expenses & Recoveries) (45,707.71) Prepayment Penalties 0.00 Total Deposits 25,177,336.10 Withdrawals Reimbursement for Servicer Advances 37,543.07 Payment of Service Fee 102,042.26 Payment of Interest and Principal 25,037,750.77 Total Withdrawals (Pool Distribution Amount) 25,177,336.10 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 73,121.86 Additional Servicing Fee 28,920.40 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 102,042.26
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Class XP Reserve Fund 0.00 0.00 0.00 0.00
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 2 0 0 2 531,858.16 0.00 0.00 531,858.16 30 Days 15 0 0 0 15 3,853,351.37 0.00 0.00 0.00 3,853,351.37 60 Days 3 0 0 0 3 749,446.34 0.00 0.00 0.00 749,446.34 90 Days 0 2 3 1 6 0.00 341,745.40 1,049,530.22 360,000.00 1,751,275.62 120 Days 0 0 2 0 2 0.00 0.00 416,004.60 0.00 416,004.60 150 Days 0 0 1 0 1 0.00 0.00 75,319.25 0.00 75,319.25 180+ Days 0 0 2 3 5 0.00 0.00 361,302.83 737,089.63 1,098,392.46 Totals 18 4 8 4 34 4,602,797.71 873,603.56 1,902,156.90 1,097,089.63 8,475,647.80 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 0.169205% 0.000000% 0.000000% 0.169205% 0.173080% 0.000000% 0.000000% 0.173080% 30 Days 1.269036% 0.000000% 0.000000% 0.000000% 1.269036% 1.253977% 0.000000% 0.000000% 0.000000% 1.253977% 60 Days 0.253807% 0.000000% 0.000000% 0.000000% 0.253807% 0.243889% 0.000000% 0.000000% 0.000000% 0.243889% 90 Days 0.000000% 0.169205% 0.253807% 0.084602% 0.507614% 0.000000% 0.111213% 0.341544% 0.117153% 0.569909% 120 Days 0.000000% 0.000000% 0.169205% 0.000000% 0.169205% 0.000000% 0.000000% 0.135378% 0.000000% 0.135378% 150 Days 0.000000% 0.000000% 0.084602% 0.000000% 0.084602% 0.000000% 0.000000% 0.024511% 0.000000% 0.024511% 180+ Days 0.000000% 0.000000% 0.169205% 0.253807% 0.423012% 0.000000% 0.000000% 0.117577% 0.239867% 0.357445% Totals 1.522843% 0.338409% 0.676819% 0.338409% 2.876481% 1.497866% 0.284293% 0.619010% 0.357021% 2.758189%
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 1 0 0 1 110,806.36 0.00 0.00 110,806.36 30 Days 13 0 0 0 13 3,170,121.67 0.00 0.00 0.00 3,170,121.67 60 Days 2 0 0 0 2 429,446.34 0.00 0.00 0.00 429,446.34 90 Days 0 2 1 0 3 0.00 341,745.40 192,052.30 0.00 533,797.70 120 Days 0 0 2 0 2 0.00 0.00 416,004.60 0.00 416,004.60 150 Days 0 0 1 0 1 0.00 0.00 75,319.25 0.00 75,319.25 180 Days 0 0 2 3 5 0.00 0.00 361,302.83 737,089.63 1,098,392.46 Totals 15 3 6 3 27 3,599,568.01 452,551.76 1,044,678.98 737,089.63 5,833,888.38 0-29 Days 0.111857% 0.000000% 0.000000% 0.111857% 0.057374% 0.000000% 0.000000% 0.057374% 30 Days 1.454139% 0.000000% 0.000000% 0.000000% 1.454139% 1.641442% 0.000000% 0.000000% 0.000000% 1.641442% 60 Days 0.223714% 0.000000% 0.000000% 0.000000% 0.223714% 0.222361% 0.000000% 0.000000% 0.000000% 0.222361% 90 Days 0.000000% 0.223714% 0.111857% 0.000000% 0.335570% 0.000000% 0.176951% 0.099442% 0.000000% 0.276393% 120 Days 0.000000% 0.000000% 0.223714% 0.000000% 0.223714% 0.000000% 0.000000% 0.215401% 0.000000% 0.215401% 150 Days 0.000000% 0.000000% 0.111857% 0.000000% 0.111857% 0.000000% 0.000000% 0.038999% 0.000000% 0.038999% 180 Days 0.000000% 0.000000% 0.223714% 0.335570% 0.559284% 0.000000% 0.000000% 0.187077% 0.381654% 0.568731% Totals 1.677852% 0.335570% 0.671141% 0.335570% 3.020134% 1.863803% 0.234325% 0.540919% 0.381654% 3.020701% 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 1 0 0 1 421,051.80 0.00 0.00 421,051.80 30 Days 2 0 0 0 2 683,229.70 0.00 0.00 0.00 683,229.70 60 Days 1 0 0 0 1 320,000.00 0.00 0.00 0.00 320,000.00 90 Days 0 0 2 1 3 0.00 0.00 857,477.92 360,000.00 1,217,477.92 120 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 1 2 1 7 1,003,229.70 421,051.80 857,477.92 360,000.00 2,641,759.42 0-29 Days 0.347222% 0.000000% 0.000000% 0.347222% 0.368826% 0.000000% 0.000000% 0.368826% 30 Days 0.694444% 0.000000% 0.000000% 0.000000% 0.694444% 0.598484% 0.000000% 0.000000% 0.000000% 0.598484% 60 Days 0.347222% 0.000000% 0.000000% 0.000000% 0.347222% 0.280308% 0.000000% 0.000000% 0.000000% 0.280308% 90 Days 0.000000% 0.000000% 0.694444% 0.347222% 1.041667% 0.000000% 0.000000% 0.751119% 0.315347% 1.066466% 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 1.041667% 0.347222% 0.694444% 0.347222% 2.430556% 0.878792% 0.368826% 0.751119% 0.315347% 2.314084%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 49,664.86
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.020023% Weighted Average Net Coupon 5.754600% Weighted Average Pass-Through Rate 5.649622% Weighted Average Maturity(Stepdown Calculation ) 334 Beginning Scheduled Collateral Loan Count 1,258 Number Of Loans Paid In Full 76 Ending Scheduled Collateral Loan Count 1,182 Beginning Scheduled Collateral Balance 330,589,426.06 Ending Scheduled Collateral Balance 307,097,158.78 Ending Actual Collateral Balance at 30-Nov-2004 307,290,342.91 Monthly P &I Constant 1,891,464.10 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 45,707.71 Cumulative Realized Loss 154,236.63 Ending Scheduled Balance for Premium Loans 307,097,158.78 Scheduled Principal 233,000.69 Unscheduled Principal 23,259,266.59 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,916,293.00 Overcollateralized Amount 2,916,293.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 45,707.71 Excess Cash Amount 794,932.87
Miscellaneous Reporting Trigger Event NO Interest Carry Forward Class B 0.00 Interest Carry Forward Class I-A-1 0.00 Interest Carry Forward Class II-A-1 0.00 Interest Carry Forward Class II-A-2 0.00 Interest Carry Forward Class M-1 0.00 Interest Carry Forward Class M-2 0.00
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.903108 6.221660 6.020023 Weighted Average Net Rate 5.693757 5.859531 5.754600 Weighted Average Maturity 345 322 334 Beginning Loan Count 950 308 1,258 Loans Paid In Full 56 20 76 Ending Loan Count 894 288 1,182 Beginning Scheduled Balance 209,255,913.69 121,333,512.37 330,589,426.06 Ending scheduled Balance 193,037,327.73 114,059,831.05 307,097,158.78 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,125,045.30 766,418.80 1,891,464.10 Scheduled Principal 95,661.75 137,338.94 233,000.69 Unscheduled Principal 16,122,924.21 7,136,342.38 23,259,266.59 Scheduled Interest 1,029,383.55 629,079.86 1,658,463.41 Servicing Fees 36,506.53 36,615.33 73,121.86 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 28,920.40 0.00 28,920.40 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 963,956.62 592,464.53 1,556,421.15 Realized Loss Amount 45,707.71 0.00 45,707.71 Cumulative Realized Loss 154,236.63 0.00 154,236.63 Percentage of Cumulative Losses 0.0518 0.0000 0.0264 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.527910 5.859531 5.649622
-----END PRIVACY-ENHANCED MESSAGE-----