-----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, DpYmBida7csj7hkPnOq1idkNgtS7myGn1H7OkoT1E1XK/A+3Klmo04qNfd/XacRJ ww50gNRDu6nSsDofIgcugw== 0001056404-04-004184.txt : 20041203 0001056404-04-004184.hdr.sgml : 20041203 20041203113601 ACCESSION NUMBER: 0001056404-04-004184 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: OPTION ONE MORTGAGE LOAN TRUST 2004-1 CENTRAL INDEX KEY: 0001276998 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: 333-101483-03 FILM NUMBER: 041182461 BUSINESS ADDRESS: STREET 1: 3 ADA ROAD CITY: IRVINE STATE: CA ZIP: 92618 8-K 1 opt04001_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 OPTION ONE MORTGAGE LOAN TRUST Asset-Backed Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101483-03 54-2144704 Pooling and Servicing Agreement) (Commission 54-2144705 (State or other File Number) 54-2144706 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 OPTION ONE MORTGAGE LOAN TRUST, Asset-Backed Certificates, Series 2004-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2004-1 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. OPTION ONE MORTGAGE LOAN TRUST Asset-Backed Certificates, Series 2004-1 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: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2004-1 Trust, relating to the November 26, 2004 distribution. EX-99.1
Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 OOMC Series: 2004-1 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 A-1A 68389FEN0 SEN 2.24250% 151,970,034.36 302,926.94 7,860,667.63 A-1B 68389FEP5 SEN 2.23250% 136,773,030.92 271,418.48 7,074,600.87 A-1C 68389FEQ3 SEN 2.33250% 15,197,003.44 31,508.45 786,066.76 A-2 68389FER1 SEN 2.22250% 183,978,977.60 363,460.69 10,605,930.63 M-1 68389FES9 MEZ 2.53250% 52,400,000.00 117,958.22 0.00 M-2 68389FET7 MEZ 3.03250% 42,800,000.00 115,369.78 0.00 M-3 68389FEU4 MEZ 3.28250% 11,600,000.00 33,846.22 0.00 M-4 68389FEV2 MEZ 3.58250% 12,000,000.00 38,213.33 0.00 M-5 68389FEW0 MEZ 3.83250% 9,200,000.00 31,341.33 0.00 M-6 68389FEX8 MEZ 5.43250% 9,600,000.00 46,357.33 0.00 M-7 68389FEY6 MEZ 5.43250% 8,800,000.00 42,494.22 0.00 C OPT04001C OC 0.00000% 13,599,900.00 2,304,655.67 0.00 P OPT04001P PrePay 0.00000% 100.00 365,555.25 0.00 R-1 OPT0401R1 RES 0.00000% 0.00 0.00 0.00 R-2 OPT0401R2 RES 0.00000% 0.00 0.00 0.00 R-3 OPT0401R3 RES 0.00000% 0.00 0.00 0.00 Totals 647,919,046.32 4,065,105.91 26,327,265.89
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1A 0.00 144,109,366.73 8,163,594.57 0.00 A-1B 0.00 129,698,430.06 7,346,019.35 0.00 A-1C 0.00 14,410,936.67 817,575.21 0.00 A-2 0.00 173,373,046.97 10,969,391.32 0.00 M-1 0.00 52,400,000.00 117,958.22 0.00 M-2 0.00 42,800,000.00 115,369.78 0.00 M-3 0.00 11,600,000.00 33,846.22 0.00 M-4 0.00 12,000,000.00 38,213.33 0.00 M-5 0.00 9,200,000.00 31,341.33 0.00 M-6 0.00 9,600,000.00 46,357.33 0.00 M-7 0.00 8,800,000.00 42,494.22 0.00 C 0.00 13,599,900.00 2,304,655.67 0.00 P 0.00 100.00 365,555.25 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 0.00 621,591,780.43 30,392,371.80 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1A 200,000,000.00 151,970,034.36 0.00 7,860,667.63 0.00 0.00 A-1B 180,000,000.00 136,773,030.92 0.00 7,074,600.87 0.00 0.00 A-1C 20,000,000.00 15,197,003.44 0.00 786,066.76 0.00 0.00 A-2 240,000,000.00 183,978,977.60 0.00 10,605,930.63 0.00 0.00 M-1 52,400,000.00 52,400,000.00 0.00 0.00 0.00 0.00 M-2 42,800,000.00 42,800,000.00 0.00 0.00 0.00 0.00 M-3 11,600,000.00 11,600,000.00 0.00 0.00 0.00 0.00 M-4 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00 M-5 9,200,000.00 9,200,000.00 0.00 0.00 0.00 0.00 M-6 9,600,000.00 9,600,000.00 0.00 0.00 0.00 0.00 M-7 8,800,000.00 8,800,000.00 0.00 0.00 0.00 0.00 C 13,599,900.00 13,599,900.00 0.00 0.00 0.00 0.00 P 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 800,000,000.00 647,919,046.32 0.00 26,327,265.89 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 A-1A 7,860,667.63 144,109,366.73 0.72054683 7,860,667.63 A-1B 7,074,600.87 129,698,430.06 0.72054683 7,074,600.87 A-1C 786,066.76 14,410,936.67 0.72054683 786,066.76 A-2 10,605,930.63 173,373,046.97 0.72238770 10,605,930.63 M-1 0.00 52,400,000.00 1.00000000 0.00 M-2 0.00 42,800,000.00 1.00000000 0.00 M-3 0.00 11,600,000.00 1.00000000 0.00 M-4 0.00 12,000,000.00 1.00000000 0.00 M-5 0.00 9,200,000.00 1.00000000 0.00 M-6 0.00 9,600,000.00 1.00000000 0.00 M-7 0.00 8,800,000.00 1.00000000 0.00 C 0.00 13,599,900.00 1.00000000 0.00 P 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 26,327,265.89 621,591,780.43 0.77698973 26,327,265.89
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 200,000,000.00 759.85017180 0.00000000 39.30333815 0.00000000 A-1B 180,000,000.00 759.85017178 0.00000000 39.30333817 0.00000000 A-1C 20,000,000.00 759.85017200 0.00000000 39.30333800 0.00000000 A-2 240,000,000.00 766.57907333 0.00000000 44.19137762 0.00000000 M-1 52,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 42,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 11,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 9,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 9,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 8,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 13,599,900.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 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 (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 A-1A 0.00000000 39.30333815 720.54683365 0.72054683 39.30333815 A-1B 0.00000000 39.30333817 720.54683367 0.72054683 39.30333817 A-1C 0.00000000 39.30333800 720.54683350 0.72054683 39.30333800 A-2 0.00000000 44.19137762 722.38769571 0.72238770 44.19137762 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 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 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 A-1A 200,000,000.00 2.24250% 151,970,034.36 302,926.94 0.00 0.00 A-1B 180,000,000.00 2.23250% 136,773,030.92 271,418.48 0.00 0.00 A-1C 20,000,000.00 2.33250% 15,197,003.44 31,508.45 0.00 0.00 A-2 240,000,000.00 2.22250% 183,978,977.60 363,460.69 0.00 0.00 M-1 52,400,000.00 2.53250% 52,400,000.00 117,958.22 0.00 0.00 M-2 42,800,000.00 3.03250% 42,800,000.00 115,369.78 0.00 0.00 M-3 11,600,000.00 3.28250% 11,600,000.00 33,846.22 0.00 0.00 M-4 12,000,000.00 3.58250% 12,000,000.00 38,213.33 0.00 0.00 M-5 9,200,000.00 3.83250% 9,200,000.00 31,341.33 0.00 0.00 M-6 9,600,000.00 5.43250% 9,600,000.00 46,357.33 0.00 0.00 M-7 8,800,000.00 5.43250% 8,800,000.00 42,494.22 0.00 0.00 C 13,599,900.00 0.00000% 13,599,900.00 0.00 0.00 0.00 P 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 800,000,000.00 1,394,894.99 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 A-1A 0.00 0.00 302,926.94 0.00 144,109,366.73 A-1B 0.00 0.00 271,418.48 0.00 129,698,430.06 A-1C 0.00 0.00 31,508.45 0.00 14,410,936.67 A-2 0.00 0.00 363,460.69 0.00 173,373,046.97 M-1 0.00 0.00 117,958.22 0.00 52,400,000.00 M-2 0.00 0.00 115,369.78 0.00 42,800,000.00 M-3 0.00 0.00 33,846.22 0.00 11,600,000.00 M-4 0.00 0.00 38,213.33 0.00 12,000,000.00 M-5 0.00 0.00 31,341.33 0.00 9,200,000.00 M-6 0.00 0.00 46,357.33 0.00 9,600,000.00 M-7 0.00 0.00 42,494.22 0.00 8,800,000.00 C 0.00 0.00 2,304,655.67 0.00 13,599,900.00 P 0.00 0.00 365,555.25 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 4,065,105.91 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 A-1A 200,000,000.00 2.24250% 759.85017180 1.51463470 0.00000000 0.00000000 A-1B 180,000,000.00 2.23250% 759.85017178 1.50788044 0.00000000 0.00000000 A-1C 20,000,000.00 2.33250% 759.85017200 1.57542250 0.00000000 0.00000000 A-2 240,000,000.00 2.22250% 766.57907333 1.51441954 0.00000000 0.00000000 M-1 52,400,000.00 2.53250% 1000.00000000 2.25111107 0.00000000 0.00000000 M-2 42,800,000.00 3.03250% 1000.00000000 2.69555561 0.00000000 0.00000000 M-3 11,600,000.00 3.28250% 1000.00000000 2.91777759 0.00000000 0.00000000 M-4 12,000,000.00 3.58250% 1000.00000000 3.18444417 0.00000000 0.00000000 M-5 9,200,000.00 3.83250% 1000.00000000 3.40666630 0.00000000 0.00000000 M-6 9,600,000.00 5.43250% 1000.00000000 4.82888854 0.00000000 0.00000000 M-7 8,800,000.00 5.43250% 1000.00000000 4.82888864 0.00000000 0.00000000 C 13,599,900.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 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) 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 A-1A 0.00000000 0.00000000 1.51463470 0.00000000 720.54683365 A-1B 0.00000000 0.00000000 1.50788044 0.00000000 720.54683367 A-1C 0.00000000 0.00000000 1.57542250 0.00000000 720.54683350 A-2 0.00000000 0.00000000 1.51441954 0.00000000 722.38769571 M-1 0.00000000 0.00000000 2.25111107 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.69555561 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.91777759 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.18444417 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.40666630 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.82888854 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 4.82888864 0.00000000 1000.00000000 C 0.00000000 0.00000000 169.46122177 0.00000000 1000.00000000 P 0.00000000 0.00000000 3655552.50000000 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 30,290,869.18 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) (100,453.03) Prepayment Penalties 365,555.25 Total Deposits 30,555,971.40 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 163,599.60 Payment of Interest and Principal 30,392,371.80 Total Withdrawals (Pool Distribution Amount) 30,555,971.40 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 161,979.78 Wells Fargo 1,619.82 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 163,599.60
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00
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 13 2 0 15 1,545,582.24 147,128.05 0.00 1,692,710.29 30 Days 90 0 1 0 91 13,074,612.88 0.00 456,122.39 0.00 13,530,735.27 60 Days 33 1 10 0 44 5,602,197.43 66,175.30 976,298.25 0.00 6,644,670.98 90 Days 27 12 66 5 110 4,054,719.47 2,414,939.00 9,804,506.58 364,707.99 16,638,873.04 120 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 150 26 79 5 260 22,731,529.78 4,026,696.54 11,384,055.27 364,707.99 38,506,989.58 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 0.326962% 0.050302% 0.000000% 0.377264% 0.248531% 0.023658% 0.000000% 0.272190% 30 Days 2.263581% 0.000000% 0.025151% 0.000000% 2.288732% 2.102411% 0.000000% 0.073345% 0.000000% 2.175756% 60 Days 0.829980% 0.025151% 0.251509% 0.000000% 1.106640% 0.900839% 0.010641% 0.156990% 0.000000% 1.068470% 90 Days 0.679074% 0.301811% 1.659960% 0.125755% 2.766600% 0.652003% 0.388325% 1.576575% 0.058645% 2.675548% 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 3.772636% 0.653924% 1.986922% 0.125755% 6.539235% 3.655253% 0.647497% 1.830568% 0.058645% 6.191963% (7) Delinquencies are stratified according to the information the Servicer has provided. All 90+ delinquencies are reported in the 90 day delinquencie field.
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 400,095.56 Class A-2 159,999,900.00 19.99998750% 159,999,900.00 25.74035002% 27.891786% 0.000000% Class M-1 107,599,900.00 13.44998750% 107,599,900.00 17.31038012% 8.429970% 0.000000% Class M-2 64,799,900.00 8.09998750% 64,799,900.00 10.42483219% 6.885548% 0.000000% Class M-3 53,199,900.00 6.64998750% 53,199,900.00 8.55865564% 1.866177% 0.000000% Class M-4 41,199,900.00 5.14998750% 41,199,900.00 6.62812819% 1.930527% 0.000000% Class C 0.00 0.00000000% 0.00 0.00000000% 2.187915% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class R-III 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.340923% Weighted Average Net Coupon 7.040923% Weighted Average Pass-Through Rate 7.037923% Weighted Average Maturity(Stepdown Calculation ) 346 Beginning Scheduled Collateral Loan Count 4,109 Number Of Loans Paid In Full 133 Ending Scheduled Collateral Loan Count 3,976 Beginning Scheduled Collateral Balance 647,919,046.32 Ending Scheduled Collateral Balance 621,591,780.43 Ending Actual Collateral Balance at 31-Oct-2004 621,886,614.64 Monthly P &I Constant 4,520,106.11 Special Servicing Fee 0.00 Prepayment Penalties 365,555.25 Realized Loss Amount 100,453.03 Cumulative Realized Loss 176,705.37 Ending Scheduled Balance for Premium Loans 621,591,780.43 Scheduled Principal 556,502.79 Unscheduled Principal 25,770,763.10
Trigger Event Not Triggered In Effect Since N/A Comments N/A Stepdown Date Do not step down In Effect Since N/A Comments N/A Unscheduled Principal-Voluntary 25,544,355.39 Unscheduled Principal-Involuntary 226,407.71 Credit Enhancement Percentage 24.69443% Other Income 0.00
Miscellaneous Reporting General Excess Available Amt 2,405,108.77 Extra Principal Distribution Amt 100,453.03 Overcollateralization Amt 13,599,899.100 Overcollateralization Deficit Amt 0.00 Overcollateralization Increase Amt 0.00 Overcollateralization Release Amt 0.00 Specified Overcollateralization Amt 13,599,900.00
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.427446 7.346557 7.421132 Weighted Average Net Rate 7.127446 7.046557 7.121132 Weighted Average Maturity 347 347 345 Beginning Loan Count 673 2,131 321 Loans Paid In Full 10 76 1 Ending Loan Count 663 2,055 320 Beginning Scheduled Balance 90,095,189.83 313,862,007.20 55,754,351.80 Ending scheduled Balance 88,541,152.28 299,654,087.02 55,502,713.77 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 647,726.06 2,177,062.99 402,125.09 Scheduled Principal 90,078.42 255,558.82 57,324.73 Unscheduled Principal 1,463,959.13 13,952,361.36 194,313.30 Scheduled Interest 557,647.64 1,921,504.17 344,800.36 Servicing Fees 22,523.80 78,465.52 13,938.60 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 225.22 784.70 139.38 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 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 535,123.87 1,843,038.78 330,861.79 Realized Loss Amount 0.00 100,608.03 0.00 Cumulative Realized Loss 6,061.84 129,402.43 0.00 Percentage of Cumulative Losses 0.0059 0.0326 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.124446 7.043557 7.118133
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.266349 7.340923 Weighted Average Net Rate 6.966349 7.040923 Weighted Average Maturity 345 346 Beginning Loan Count 984 4,109 Loans Paid In Full 46 133 Ending Loan Count 938 3,976 Beginning Scheduled Balance 188,207,497.49 647,919,046.32 Ending scheduled Balance 177,893,827.36 621,591,780.43 Record Date 10/31/2004 10/31/2004 Principal And Interest Constant 1,293,191.97 4,520,106.11 Scheduled Principal 153,540.82 556,502.79 Unscheduled Principal 10,160,129.31 25,770,763.10 Scheduled Interest 1,139,651.15 3,963,603.32 Servicing Fees 47,051.86 161,979.78 Master Servicing Fees 0.00 0.00 Trustee Fee 470.52 1,619.82 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 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 1,092,599.21 3,801,623.65 Realized Loss Amount (155.00) 100,453.03 Cumulative Realized Loss 41,241.10 176,705.37 Percentage of Cumulative Losses 0.0174 0.0221 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.963349 7.037923
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