-----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, BnVWvU70wDfdUvK7x0z02UFDpN8rusEMMd1/oAWnLKeiX09U2ZO23DRjmDcGTwrB CTOHbMsgPDlLlKdHaHycDA== 0001056404-04-002506.txt : 20040804 0001056404-04-002506.hdr.sgml : 20040804 20040804084815 ACCESSION NUMBER: 0001056404-04-002506 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AEGIS ASSET BACKED SEC TR MORT PASS THR CERT SER 2004 1 CENTRAL INDEX KEY: 0001277608 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 431964014 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-110187-01 FILM NUMBER: 04950018 BUSINESS ADDRESS: STREET 1: 11111 WILCREST GREEN SUITE 250 CITY: HOUSTON STATE: TX ZIP: 77042 BUSINESS PHONE: 7137870100 8-K 1 aeg04001_jul.txt JULY 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): July 26, 2004 AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110187-01 Pooling and Servicing Agreement) (Commission 54-2142310 (State or other File Number) 54-2142311 jurisdiction IRS EIN 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) ITEM 5. Other Events On July 26, 2004 a distribution was made to holders of AEGIS ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2004-1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-1 Trust, relating to the July 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. AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 7/26/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-1 Trust, relating to the July 26, 2004 distribution. EX-99.1
AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Record Date: 6/30/04 Distribution Date: 7/26/04 AEGIS 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 00764MBC0 SEN 1.65000% 352,608,806.82 500,998.31 12,452,138.89 M1 00764MBD8 MEZ 1.98000% 35,000,000.00 59,675.00 0.00 M2 00764MBE6 MEZ 2.65000% 28,750,000.00 65,605.90 0.00 M3 00764MBF3 MEZ 2.85000% 7,500,000.00 18,406.25 0.00 B1 00764MBG1 SUB 3.15000% 8,750,000.00 23,734.37 0.00 B2 00764MBH9 SUB 3.30000% 7,500,000.00 21,312.50 0.00 B3 00764MBJ5 SUB 5.30000% 7,500,000.00 34,229.17 0.00 X AEG04001X SEN 0.00000% 12,500,315.16 2,060,203.42 0.00 P AEG04001P SEN 0.00000% 100.00 196,194.62 0.00 R AEG0401R1 SEN 0.00000% 0.00 0.00 0.00 Totals 460,109,221.98 2,980,359.54 12,452,138.89
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 340,156,667.93 12,953,137.20 0.00 M1 0.00 35,000,000.00 59,675.00 0.00 M2 0.00 28,750,000.00 65,605.90 0.00 M3 0.00 7,500,000.00 18,406.25 0.00 B1 0.00 8,750,000.00 23,734.37 0.00 B2 0.00 7,500,000.00 21,312.50 0.00 B3 0.00 7,500,000.00 34,229.17 0.00 X 0.00 12,500,315.16 2,060,203.42 0.00 P 0.00 100.00 196,194.62 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 447,657,083.09 15,432,498.43 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 392,500,000.00 352,608,806.82 0.00 12,452,138.89 0.00 0.00 M1 35,000,000.00 35,000,000.00 0.00 0.00 0.00 0.00 M2 28,750,000.00 28,750,000.00 0.00 0.00 0.00 0.00 M3 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 B1 8,750,000.00 8,750,000.00 0.00 0.00 0.00 0.00 B2 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 B3 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 X 12,512,506.31 12,500,315.16 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 500,012,606.31 460,109,221.98 0.00 12,452,138.89 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 12,452,138.89 340,156,667.93 0.86664119 12,452,138.89 M1 0.00 35,000,000.00 1.00000000 0.00 M2 0.00 28,750,000.00 1.00000000 0.00 M3 0.00 7,500,000.00 1.00000000 0.00 B1 0.00 8,750,000.00 1.00000000 0.00 B2 0.00 7,500,000.00 1.00000000 0.00 B3 0.00 7,500,000.00 1.00000000 0.00 X 0.00 12,500,315.16 0.99902568 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 12,452,138.89 447,657,083.09 0.89529159 12,452,138.89
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 392,500,000.00 898.36638680 0.00000000 31.72519462 0.00000000 M1 35,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 28,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 8,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 12,512,506.31 999.02568281 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 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 A 0.00000000 31.72519462 866.64119218 0.86664119 31.72519462 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.02568281 0.99902568 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 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 392,500,000.00 1.65000% 352,608,806.82 500,998.35 0.00 0.00 M1 35,000,000.00 1.98000% 35,000,000.00 59,675.00 0.00 0.00 M2 28,750,000.00 2.65000% 28,750,000.00 65,605.90 0.00 0.00 M3 7,500,000.00 2.85000% 7,500,000.00 18,406.25 0.00 0.00 B1 8,750,000.00 3.15000% 8,750,000.00 23,734.38 0.00 0.00 B2 7,500,000.00 3.30000% 7,500,000.00 21,312.50 0.00 0.00 B3 7,500,000.00 5.30000% 7,500,000.00 34,229.17 0.00 0.00 X 12,512,506.31 0.00000% 12,500,315.16 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 500,012,606.31 723,961.55 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 0.04 0.00 500,998.31 0.00 340,156,667.93 M1 0.00 0.00 59,675.00 0.00 35,000,000.00 M2 0.00 0.00 65,605.90 0.00 28,750,000.00 M3 0.00 0.00 18,406.25 0.00 7,500,000.00 B1 0.00 0.00 23,734.37 0.00 8,750,000.00 B2 0.00 0.00 21,312.50 0.00 7,500,000.00 B3 0.00 0.00 34,229.17 0.00 7,500,000.00 X 0.00 0.00 2,060,203.42 0.00 12,500,315.16 P 0.00 0.00 196,194.62 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.04 0.00 2,980,359.54 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 392,500,000.00 1.65000% 898.36638680 1.27642892 0.00000000 0.00000000 M1 35,000,000.00 1.98000% 1000.00000000 1.70500000 0.00000000 0.00000000 M2 28,750,000.00 2.65000% 1000.00000000 2.28194435 0.00000000 0.00000000 M3 7,500,000.00 2.85000% 1000.00000000 2.45416667 0.00000000 0.00000000 B1 8,750,000.00 3.15000% 1000.00000000 2.71250057 0.00000000 0.00000000 B2 7,500,000.00 3.30000% 1000.00000000 2.84166667 0.00000000 0.00000000 B3 7,500,000.00 5.30000% 1000.00000000 4.56388933 0.00000000 0.00000000 X 12,512,506.31 0.00000% 999.02568281 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 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 A 0.00000010 0.00000000 1.27642882 0.00000000 866.64119218 M1 0.00000000 0.00000000 1.70500000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.28194435 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.45416667 0.00000000 1000.00000000 B1 0.00000000 0.00000000 2.71249943 0.00000000 1000.00000000 B2 0.00000000 0.00000000 2.84166667 0.00000000 1000.00000000 B3 0.00000000 0.00000000 4.56388933 0.00000000 1000.00000000 X 0.00000000 0.00000000 164.65153894 0.00000000 999.02568281 P 0.00000000 0.00000000 1961946.20000000 0.00000000 1000.00000000 R 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 15,414,723.72 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 125,012.83 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 196,194.62 Total Deposits 15,735,931.17 Withdrawals Reimbursement for Servicer Advances 102,192.53 Payment of Service Fee 201,240.21 Payment of Interest and Principal 15,432,498.43 Total Withdrawals (Pool Distribution Amount) 15,735,931.17 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 191,712.12 Credit Risk Manager Fee 5,751.36 Trustee Fee 3,776.73 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 201,240.21
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.51 0.51 1,000.00 Financial Guaranty 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 14 0 0 14 1,817,754.59 0.00 0.00 1,817,754.59 30 Days 57 4 0 0 61 6,425,600.22 563,114.47 0.00 0.00 6,988,714.69 60 Days 23 1 3 0 27 3,045,522.82 64,780.66 900,596.21 0.00 4,010,899.69 90 Days 5 1 11 0 17 960,388.68 95,561.32 2,374,161.27 0.00 3,430,111.27 120 Days 2 1 4 0 7 227,802.98 172,001.37 670,724.14 0.00 1,070,528.49 150 Days 1 0 3 0 4 99,519.74 0.00 371,514.26 0.00 471,034.00 180+ Days 1 2 1 1 5 40,166.14 369,188.87 246,297.79 162,927.75 818,580.55 Totals 89 23 22 1 135 10,799,000.58 3,082,401.28 4,563,293.67 162,927.75 18,607,623.28 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 0.404391% 0.000000% 0.000000% 0.404391% 0.406060% 0.000000% 0.000000% 0.406060% 30 Days 1.646447% 0.115540% 0.000000% 0.000000% 1.761987% 1.435385% 0.125792% 0.000000% 0.000000% 1.561176% 60 Days 0.664356% 0.028885% 0.086655% 0.000000% 0.779896% 0.680325% 0.014471% 0.201180% 0.000000% 0.895976% 90 Days 0.144425% 0.028885% 0.317735% 0.000000% 0.491046% 0.214537% 0.021347% 0.530353% 0.000000% 0.766237% 120 Days 0.057770% 0.028885% 0.115540% 0.000000% 0.202195% 0.050888% 0.038423% 0.149830% 0.000000% 0.239140% 150 Days 0.028885% 0.000000% 0.086655% 0.000000% 0.115540% 0.022231% 0.000000% 0.082991% 0.000000% 0.105222% 180+ Days 0.028885% 0.057770% 0.028885% 0.028885% 0.144425% 0.008973% 0.082471% 0.055019% 0.036396% 0.182859% Totals 2.570768% 0.664356% 0.635471% 0.028885% 3.899480% 2.412338% 0.688563% 1.019373% 0.036396% 4.156670%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 125,012.83
COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 7.771894% Weighted Average Net Coupon 7.271894% Weighted Average Pass-Through Rate 7.262044% Weighted Average Maturity(Stepdown Calculation) 342 Beginning Scheduled Collateral Loan Count 3,548 Number Of Loans Paid In Full 86 Ending Scheduled Collateral Loan Count 3,462 Beginning Scheduled Collateral Balance 460,109,121.98 Ending Scheduled Collateral Balance 447,656,983.09 Ending Actual Collateral Balance at 30-Jun-2004 447,656,983.09 Monthly P &I Constant 3,385,588.92 Special Servicing Fee 0.00 Prepayment Penalties 196,194.62 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 447,656,983.09 Scheduled Principal 405,656.08 Unscheduled Principal 12,046,482.81
Miscellaneous Reporting LIBOR Index Rate 1.300000% Overcollateralization Deficiency Amount 0.00 Overcollateralization Release Amount 0.00 Target Overcollateralization Amount 12,500,315.16
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