-----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, Sb0m35UESdY7G/VV1nuVs2+2lwbUUoL8UeCE3kQFor+piI5IGfayqZDLnVg4Tq27 JVXu+WvzGlPXHGszqoo5nA== 0001056404-04-001709.txt : 20040601 0001056404-04-001709.hdr.sgml : 20040601 20040601073409 ACCESSION NUMBER: 0001056404-04-001709 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040525 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE MORTGAGE SEC INC MORT LOAN TR SER 2004-1 CENTRAL INDEX KEY: 0001278188 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-100675-03 FILM NUMBER: 04839699 8-K 1 dms04001.txt MAY 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): May 25, 2004 DEUTSCHE MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-100675-03 54-2142325 Pooling and Servicing Agreement) (Commission 54-2142326 (State or other File Number) 54-2142327 jurisdiction 54-2142328 of Incorporation) 54-2142329 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) ITEM 5. Other Events On May 25, 2004 a distribution was made to holders of DEUTSCHE MORTGAGE SECURITIES, INC., 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 May 25, 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. DEUTSCHE MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2004-1 Trust By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 5/26/04 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 May 25, 2004 distribution. EX-99.1
Deutsche Mortgage Securities Mortgage Pass-Through Certificates Record Date: 4/30/04 Distribution Date: 5/25/04 DMS 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 I-A-1 251563CG5 SEN 5.50000% 58,239,190.67 266,929.62 3,280,000.91 I-A-PO 251563CJ9 SEN 0.00000% 484,702.04 0.00 1,807.78 I-A-X 251563CH3 SEN 5.50000% 0.00 7,776.59 0.00 II-A-1 251563CK6 SEN 4.75000% 59,426,662.97 235,230.54 4,728,626.67 II-A-2 251563CV2 SEN 4.75000% 41,066,680.27 162,555.61 3,418,256.23 II-A-3 251563CW0 SEN 4.75000% 1,892,000.00 7,489.17 0.00 II-A-PO 251563CM2 SEN 0.00000% 1,146,796.14 0.00 9,994.32 II-A-X 251563CL4 SEN 4.75000% 0.00 18,607.63 0.00 M 251563CN0 SEN 5.01750% 2,131,828.23 8,913.70 6,484.11 B-1 251563CP5 SUB 5.01750% 710,609.41 2,971.23 2,161.37 B-2 251563CQ3 SUB 5.01750% 444,006.99 1,856.50 1,350.48 B-3 251510DA7 SUB 5.01750% 354,809.16 1,483.54 1,079.18 B-4 251510DC3 SUB 5.01750% 354,809.16 1,483.54 1,079.18 B-5 251510DE9 SUB 5.01750% 177,715.08 743.07 540.53 R 251563CR1 SEN 5.50000% 0.00 0.00 0.00 III-A-1 251563BW1 SEN 1.29000% 97,773,025.07 101,602.47 7,612,206.48 III-A-2 251563BX9 SEN 3.11000% 27,432,000.00 71,094.60 0.00 III-A-3 251563BY7 SEN 3.69000% 58,418,000.00 179,635.35 0.00 III-A-4 251563BZ4 SEN 4.96000% 38,268,000.00 158,174.40 0.00 III-A-5 251563CA8 SEN 5.66000% 28,381,000.00 133,863.72 0.00 III-A-6 251563CB6 SEN 4.74000% 30,953,000.00 122,264.35 0.00 III-M-1 251563CD2 SEN 5.17000% 7,429,000.00 32,006.61 0.00 III-M-2 251563CE0 SEN 5.77000% 4,643,000.00 22,325.09 0.00 III-M-3 251563CF7 SEN 6.40000% 2,322,000.00 12,384.00 0.00 III-A-IO 251563CC4 SEN 4.50000% 0.00 145,093.88 0.00 III-CE 251563CT7 SEN 0.00000% 1,083,386.00 782,505.03 0.00 III-P CU4251563 SEN 0.00000% 100.00 57,104.76 0.00 III-R 251563CS9 SEN 0.00000% 0.00 0.00 0.00 Totals 463,132,321.19 2,534,095.00 19,063,587.24
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 54,959,189.76 3,546,930.53 0.00 I-A-PO 0.00 482,894.25 1,807.78 0.00 I-A-X 0.00 0.00 7,776.59 0.00 II-A-1 0.00 54,698,036.30 4,963,857.21 0.00 II-A-2 0.00 37,648,424.03 3,580,811.84 0.00 II-A-3 0.00 1,892,000.00 7,489.17 0.00 II-A-PO 0.00 1,136,801.82 9,994.32 0.00 II-A-X 0.00 0.00 18,607.63 0.00 M 0.00 2,125,344.12 15,397.81 0.00 B-1 0.00 708,448.04 5,132.60 0.00 B-2 0.00 442,656.52 3,206.98 0.00 B-3 0.00 353,729.98 2,562.72 0.00 B-4 0.00 353,729.98 2,562.72 0.00 B-5 0.00 177,174.54 1,283.60 0.00 R 0.00 0.00 0.00 0.00 III-A-1 0.00 90,160,818.59 7,713,808.95 0.00 III-A-2 0.00 27,432,000.00 71,094.60 0.00 III-A-3 0.00 58,418,000.00 179,635.35 0.00 III-A-4 0.00 38,268,000.00 158,174.40 0.00 III-A-5 0.00 28,381,000.00 133,863.72 0.00 III-A-6 0.00 30,953,000.00 122,264.35 0.00 III-M-1 0.00 7,429,000.00 32,006.61 0.00 III-M-2 0.00 4,643,000.00 22,325.09 0.00 III-M-3 0.00 2,322,000.00 12,384.00 0.00 III-A-IO 0.00 0.00 145,093.88 0.00 III-CE 0.00 1,083,386.00 782,505.03 0.00 III-P 0.00 100.00 57,104.76 0.00 III-R 0.00 0.00 0.00 0.00 Totals 0.00 444,068,733.93 21,597,682.24 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 61,561,000.00 58,239,190.67 64,188.99 3,215,811.92 0.00 0.00 I-A-PO 487,900.00 484,702.04 568.31 1,239.47 0.00 0.00 I-A-X 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 64,867,800.00 59,426,662.97 244,645.25 4,483,981.41 0.00 0.00 II-A-2 45,000,000.00 41,066,680.27 176,850.54 3,241,405.70 0.00 0.00 II-A-3 1,892,000.00 1,892,000.00 0.00 0.00 0.00 0.00 II-A-PO 1,172,299.97 1,146,796.14 5,031.17 4,963.15 0.00 0.00 II-A-X 0.00 0.00 0.00 0.00 0.00 0.00 M 2,151,000.00 2,131,828.23 6,484.11 0.00 0.00 0.00 B-1 717,000.00 710,609.41 2,161.37 0.00 0.00 0.00 B-2 448,000.00 444,006.99 1,350.48 0.00 0.00 0.00 B-3 358,000.00 354,809.16 1,079.18 0.00 0.00 0.00 B-4 358,000.00 354,809.16 1,079.18 0.00 0.00 0.00 B-5 179,313.32 177,715.08 540.53 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 III-A-1 110,605,000.00 97,773,025.07 0.00 7,612,206.48 0.00 0.00 III-A-2 27,432,000.00 27,432,000.00 0.00 0.00 0.00 0.00 III-A-3 58,418,000.00 58,418,000.00 0.00 0.00 0.00 0.00 III-A-4 38,268,000.00 38,268,000.00 0.00 0.00 0.00 0.00 III-A-5 28,381,000.00 28,381,000.00 0.00 0.00 0.00 0.00 III-A-6 30,953,000.00 30,953,000.00 0.00 0.00 0.00 0.00 III-M-1 7,429,000.00 7,429,000.00 0.00 0.00 0.00 0.00 III-M-2 4,643,000.00 4,643,000.00 0.00 0.00 0.00 0.00 III-M-3 2,322,000.00 2,322,000.00 0.00 0.00 0.00 0.00 III-A-IO 0.00 0.00 0.00 0.00 0.00 0.00 III-CE 1,087,886.12 1,083,386.00 0.00 0.00 0.00 0.00 III-P 100.00 100.00 0.00 0.00 0.00 0.00 III-R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 488,731,399.41 463,132,321.19 503,979.11 18,559,608.13 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 3,280,000.91 54,959,189.76 0.89275986 3,280,000.91 I-A-PO 1,807.78 482,894.25 0.98974021 1,807.78 I-A-X 0.00 0.00 0.00000000 0.00 II-A-1 4,728,626.67 54,698,036.30 0.84322324 4,728,626.67 II-A-2 3,418,256.23 37,648,424.03 0.83663165 3,418,256.23 II-A-3 0.00 1,892,000.00 1.00000000 0.00 II-A-PO 9,994.32 1,136,801.82 0.96971923 9,994.32 II-A-X 0.00 0.00 0.00000000 0.00 M 6,484.11 2,125,344.12 0.98807258 6,484.11 B-1 2,161.37 708,448.04 0.98807258 2,161.37 B-2 1,350.48 442,656.52 0.98807259 1,350.48 B-3 1,079.18 353,729.98 0.98807257 1,079.18 B-4 1,079.18 353,729.98 0.98807257 1,079.18 B-5 540.53 177,174.54 0.98807239 540.53 R 0.00 0.00 0.00000000 0.00 III-A-1 7,612,206.48 90,160,818.59 0.81516042 7,612,206.48 III-A-2 0.00 27,432,000.00 1.00000000 0.00 III-A-3 0.00 58,418,000.00 1.00000000 0.00 III-A-4 0.00 38,268,000.00 1.00000000 0.00 III-A-5 0.00 28,381,000.00 1.00000000 0.00 III-A-6 0.00 30,953,000.00 1.00000000 0.00 III-M-1 0.00 7,429,000.00 1.00000000 0.00 III-M-2 0.00 4,643,000.00 1.00000000 0.00 III-M-3 0.00 2,322,000.00 1.00000000 0.00 III-A-IO 0.00 0.00 0.00000000 0.00 III-CE 0.00 1,083,386.00 0.99586343 0.00 III-P 0.00 100.00 1.00000000 0.00 III-R 0.00 0.00 0.00000000 0.00 Totals 19,063,587.24 444,068,733.93 0.90861511 19,063,587.24
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 61,561,000.00 946.04036111 1.04268920 52.23781160 0.00000000 I-A-PO 487,900.00 993.44546014 1.16480836 2.54041812 0.00000000 I-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 64,867,800.00 916.11959971 3.77144361 69.12491883 0.00000000 II-A-2 45,000,000.00 912.59289489 3.93001200 72.03123778 0.00000000 II-A-3 1,892,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-PO 1,172,299.97 978.24462113 4.29170872 4.23368602 0.00000000 II-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M 2,151,000.00 991.08704324 3.01446304 0.00000000 0.00000000 B-1 717,000.00 991.08704324 3.01446304 0.00000000 0.00000000 B-2 448,000.00 991.08703125 3.01446429 0.00000000 0.00000000 B-3 358,000.00 991.08703911 3.01446927 0.00000000 0.00000000 B-4 358,000.00 991.08703911 3.01446927 0.00000000 0.00000000 B-5 179,313.32 991.08688635 3.01444421 0.00000000 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 110,605,000.00 883.98377171 0.00000000 68.82334867 0.00000000 III-A-2 27,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-3 58,418,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-4 38,268,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-5 28,381,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-6 30,953,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-M-1 7,429,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-M-2 4,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-M-3 2,322,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-CE 1,087,886.12 995.86342732 0.00000000 0.00000000 0.00000000 III-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes Are Per $1000 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 53.28050080 892.75986030 0.89275986 53.28050080 I-A-PO 0.00000000 3.70522648 989.74021316 0.98974021 3.70522648 I-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 72.89636260 843.22323711 0.84322324 72.89636260 II-A-2 0.00000000 75.96124956 836.63164511 0.83663165 75.96124956 II-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-PO 0.00000000 8.52539474 969.71922639 0.96971923 8.52539474 II-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 3.01446304 988.07258020 0.98807258 3.01446304 B-1 0.00000000 3.01446304 988.07258020 0.98807258 3.01446304 B-2 0.00000000 3.01446429 988.07258929 0.98807259 3.01446429 B-3 0.00000000 3.01446927 988.07256983 0.98807257 3.01446927 B-4 0.00000000 3.01446927 988.07256983 0.98807257 3.01446927 B-5 0.00000000 3.01444421 988.07238637 0.98807239 3.01444421 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 0.00000000 68.82334867 815.16042304 0.81516042 68.82334867 III-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-CE 0.00000000 0.00000000 995.86342732 0.99586343 0.00000000 III-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-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 I-A-1 61,561,000.00 5.50000% 58,239,190.67 266,929.62 0.00 0.00 I-A-PO 487,900.00 0.00000% 484,702.04 0.00 0.00 0.00 I-A-X 0.00 5.50000% 1,696,710.59 7,776.59 0.00 0.00 II-A-1 64,867,800.00 4.75000% 59,426,662.97 235,230.54 0.00 0.00 II-A-2 45,000,000.00 4.75000% 41,066,680.27 162,555.61 0.00 0.00 II-A-3 1,892,000.00 4.75000% 1,892,000.00 7,489.17 0.00 0.00 II-A-PO 1,172,299.97 0.00000% 1,146,796.14 0.00 0.00 0.00 II-A-X 0.00 4.75000% 4,700,876.06 18,607.63 0.00 0.00 M 2,151,000.00 5.01750% 2,131,828.23 8,913.70 0.00 0.00 B-1 717,000.00 5.01750% 710,609.41 2,971.23 0.00 0.00 B-2 448,000.00 5.01750% 444,006.99 1,856.50 0.00 0.00 B-3 358,000.00 5.01750% 354,809.16 1,483.54 0.00 0.00 B-4 358,000.00 5.01750% 354,809.16 1,483.54 0.00 0.00 B-5 179,313.32 5.01750% 177,715.08 743.07 0.00 0.00 R 100.00 5.50000% 0.00 0.00 0.00 0.00 III-A-1 110,605,000.00 1.29000% 97,773,025.07 101,602.47 0.00 0.00 III-A-2 27,432,000.00 3.11000% 27,432,000.00 71,094.60 0.00 0.00 III-A-3 58,418,000.00 3.69000% 58,418,000.00 179,635.35 0.00 0.00 III-A-4 38,268,000.00 4.96000% 38,268,000.00 158,174.40 0.00 0.00 III-A-5 28,381,000.00 5.66000% 28,381,000.00 133,863.72 0.00 0.00 III-A-6 30,953,000.00 4.74000% 30,953,000.00 122,264.35 0.00 0.00 III-M-1 7,429,000.00 5.17000% 7,429,000.00 32,006.61 0.00 0.00 III-M-2 4,643,000.00 5.77000% 4,643,000.00 22,325.09 0.00 0.00 III-M-3 2,322,000.00 6.40000% 2,322,000.00 12,384.00 0.00 0.00 III-A-IO 0.00 4.50000% 38,691,700.00 145,093.88 0.00 0.00 III-CE 1,087,886.12 0.00000% 1,083,386.00 0.00 0.00 0.00 III-P 100.00 0.00000% 100.00 0.00 0.00 0.00 III-R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 488,731,399.41 1,694,485.21 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 0.00 266,929.62 0.00 54,959,189.76 I-A-PO 0.00 0.00 0.00 0.00 482,894.25 I-A-X 0.00 0.00 7,776.59 0.00 1,578,822.89 II-A-1 0.00 0.00 235,230.54 0.00 54,698,036.30 II-A-2 0.00 0.00 162,555.61 0.00 37,648,424.03 II-A-3 0.00 0.00 7,489.17 0.00 1,892,000.00 II-A-PO 0.00 0.00 0.00 0.00 1,136,801.82 II-A-X 0.00 0.00 18,607.63 0.00 4,135,096.68 M 0.00 0.00 8,913.70 0.00 2,125,344.12 B-1 0.00 0.00 2,971.23 0.00 708,448.04 B-2 0.00 0.00 1,856.50 0.00 442,656.52 B-3 0.00 0.00 1,483.54 0.00 353,729.98 B-4 0.00 0.00 1,483.54 0.00 353,729.98 B-5 0.00 0.00 743.07 0.00 177,174.54 R 0.00 0.00 0.00 0.00 0.00 III-A-1 0.00 0.00 101,602.47 0.00 90,160,818.59 III-A-2 0.00 0.00 71,094.60 0.00 27,432,000.00 III-A-3 0.00 0.00 179,635.35 0.00 58,418,000.00 III-A-4 0.00 0.00 158,174.40 0.00 38,268,000.00 III-A-5 0.00 0.00 133,863.72 0.00 28,381,000.00 III-A-6 0.00 0.00 122,264.35 0.00 30,953,000.00 III-M-1 0.00 0.00 32,006.61 0.00 7,429,000.00 III-M-2 0.00 0.00 22,325.09 0.00 4,643,000.00 III-M-3 0.00 0.00 12,384.00 0.00 2,322,000.00 III-A-IO 0.00 0.00 145,093.88 0.00 38,691,700.00 III-CE 0.00 0.00 782,505.03 0.00 1,083,386.00 III-P 0.00 0.00 57,104.76 0.00 100.00 III-R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,534,095.00 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 61,561,000.00 5.50000% 946.04036111 4.33601826 0.00000000 0.00000000 I-A-PO 487,900.00 0.00000% 993.44546014 0.00000000 0.00000000 0.00000000 I-A-X 0.00 5.50000% 904.55724580 4.14588727 0.00000000 0.00000000 II-A-1 64,867,800.00 4.75000% 916.11959971 3.62630673 0.00000000 0.00000000 II-A-2 45,000,000.00 4.75000% 912.59289489 3.61234689 0.00000000 0.00000000 II-A-3 1,892,000.00 4.75000% 1000.00000000 3.95833510 0.00000000 0.00000000 II-A-PO 1,172,299.97 0.00000% 978.24462113 0.00000000 0.00000000 0.00000000 II-A-X 0.00 4.75000% 852.59990155 3.37487381 0.00000000 0.00000000 M 2,151,000.00 5.01750% 991.08704324 4.14397954 0.00000000 0.00000000 B-1 717,000.00 5.01750% 991.08704324 4.14397490 0.00000000 0.00000000 B-2 448,000.00 5.01750% 991.08703125 4.14397321 0.00000000 0.00000000 B-3 358,000.00 5.01750% 991.08703911 4.14396648 0.00000000 0.00000000 B-4 358,000.00 5.01750% 991.08703911 4.14396648 0.00000000 0.00000000 B-5 179,313.32 5.01750% 991.08688635 4.14397547 0.00000000 0.00000000 R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 110,605,000.00 1.29000% 883.98377171 0.91860648 0.00000000 0.00000000 III-A-2 27,432,000.00 3.11000% 1000.00000000 2.59166667 0.00000000 0.00000000 III-A-3 58,418,000.00 3.69000% 1000.00000000 3.07500000 0.00000000 0.00000000 III-A-4 38,268,000.00 4.96000% 1000.00000000 4.13333333 0.00000000 0.00000000 III-A-5 28,381,000.00 5.66000% 1000.00000000 4.71666678 0.00000000 0.00000000 III-A-6 30,953,000.00 4.74000% 1000.00000000 3.95000000 0.00000000 0.00000000 III-M-1 7,429,000.00 5.17000% 1000.00000000 4.30833356 0.00000000 0.00000000 III-M-2 4,643,000.00 5.77000% 1000.00000000 4.80833297 0.00000000 0.00000000 III-M-3 2,322,000.00 6.40000% 1000.00000000 5.33333333 0.00000000 0.00000000 III-A-IO 0.00 4.50000% 1000.00000000 3.75000013 0.00000000 0.00000000 III-CE 1,087,886.12 0.00000% 995.86342732 0.00000000 0.00000000 0.00000000 III-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 III-R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes Are Per $1000 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 4.33601826 0.00000000 892.75986030 I-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 989.74021316 I-A-X 0.00000000 0.00000000 4.14588727 0.00000000 841.70847603 II-A-1 0.00000000 0.00000000 3.62630673 0.00000000 843.22323711 II-A-2 0.00000000 0.00000000 3.61234689 0.00000000 836.63164511 II-A-3 0.00000000 0.00000000 3.95833510 0.00000000 1000.00000000 II-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 969.71922639 II-A-X 0.00000000 0.00000000 3.37487381 0.00000000 749.98425342 M 0.00000000 0.00000000 4.14397954 0.00000000 988.07258020 B-1 0.00000000 0.00000000 4.14397490 0.00000000 988.07258020 B-2 0.00000000 0.00000000 4.14397321 0.00000000 988.07258929 B-3 0.00000000 0.00000000 4.14396648 0.00000000 988.07256983 B-4 0.00000000 0.00000000 4.14396648 0.00000000 988.07256983 B-5 0.00000000 0.00000000 4.14397547 0.00000000 988.07238637 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 0.00000000 0.00000000 0.91860648 0.00000000 815.16042304 III-A-2 0.00000000 0.00000000 2.59166667 0.00000000 1000.00000000 III-A-3 0.00000000 0.00000000 3.07500000 0.00000000 1000.00000000 III-A-4 0.00000000 0.00000000 4.13333333 0.00000000 1000.00000000 III-A-5 0.00000000 0.00000000 4.71666678 0.00000000 1000.00000000 III-A-6 0.00000000 0.00000000 3.95000000 0.00000000 1000.00000000 III-M-1 0.00000000 0.00000000 4.30833356 0.00000000 1000.00000000 III-M-2 0.00000000 0.00000000 4.80833297 0.00000000 1000.00000000 III-M-3 0.00000000 0.00000000 5.33333333 0.00000000 1000.00000000 III-A-IO 0.00000000 0.00000000 3.75000013 0.00000000 1000.00000000 III-CE 0.00000000 0.00000000 719.28946938 0.00000000 995.86342732 III-P 0.00000000 0.00000000 571047.60000000 0.00000000 1000.00000000 III-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 21,685,822.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 81,992.11 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 21,767,815.03 Withdrawals Reimbursement for Servicer Advances 67,996.42 Payment of Service Fee 102,136.37 Payment of Interest and Principal 21,597,682.24 Total Withdrawals (Pool Distribution Amount) 21,767,815.03 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 96,485.90 Credit Risk Manager Fee - Murrayhill 3,720.70 Master Servicing Fee- Wells Fargo 1,929.77 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 102,136.37
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 5 0 0 5 589,761.81 0.00 0.00 589,761.81 30 Days 21 1 0 0 22 4,301,034.18 394,484.86 0.00 0.00 4,695,519.04 60 Days 6 0 19 0 25 1,268,032.00 0.00 4,464,768.22 0.00 5,732,800.22 90 Days 0 0 2 0 2 0.00 0.00 328,317.89 0.00 328,317.89 120 Days 0 0 3 0 3 0.00 0.00 956,600.00 0.00 956,600.00 150 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 27 6 24 0 57 5,569,066.18 984,246.67 5,749,686.11 0.00 12,302,998.96 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 0.253165% 0.000000% 0.000000% 0.253165% 0.132636% 0.000000% 0.000000% 0.132636% 30 Days 1.063291% 0.050633% 0.000000% 0.000000% 1.113924% 0.967292% 0.088719% 0.000000% 0.000000% 1.056011% 60 Days 0.303797% 0.000000% 0.962025% 0.000000% 1.265823% 0.285177% 0.000000% 1.004116% 0.000000% 1.289293% 90 Days 0.000000% 0.000000% 0.101266% 0.000000% 0.101266% 0.000000% 0.000000% 0.073838% 0.000000% 0.073838% 120 Days 0.000000% 0.000000% 0.151899% 0.000000% 0.151899% 0.000000% 0.000000% 0.215137% 0.000000% 0.215137% 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 1.367089% 0.303797% 1.215190% 0.000000% 2.886076% 1.252470% 0.221355% 1.293091% 0.000000% 2.766915%
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 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% 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 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% 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 5 0 0 5 589,761.81 0.00 0.00 589,761.81 30 Days 21 1 0 0 22 4,301,034.18 394,484.86 0.00 0.00 4,695,519.04 60 Days 6 0 19 0 25 1,268,032.00 0.00 4,464,768.22 0.00 5,732,800.22 90 Days 0 0 2 0 2 0.00 0.00 328,317.89 0.00 328,317.89 120 Days 0 0 3 0 3 0.00 0.00 956,600.00 0.00 956,600.00 150 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 27 6 24 0 57 5,569,066.18 984,246.67 5,749,686.11 0.00 12,302,998.96 0-29 Days 0.304507% 0.000000% 0.000000% 0.304507% 0.203839% 0.000000% 0.000000% 0.203839% 30 Days 1.278928% 0.060901% 0.000000% 0.000000% 1.339829% 1.486561% 0.136345% 0.000000% 0.000000% 1.622906% 60 Days 0.365408% 0.000000% 1.157125% 0.000000% 1.522533% 0.438268% 0.000000% 1.543152% 0.000000% 1.981420% 90 Days 0.000000% 0.000000% 0.121803% 0.000000% 0.121803% 0.000000% 0.000000% 0.113476% 0.000000% 0.113476% 120 Days 0.000000% 0.000000% 0.182704% 0.000000% 0.182704% 0.000000% 0.000000% 0.330628% 0.000000% 0.330628% 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 1.644336% 0.365408% 1.461632% 0.000000% 3.471376% 1.924829% 0.340184% 1.987256% 0.000000% 4.252269%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 81,992.11
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02046114% 100,000.00 0.02251904% Fraud 3,583,848.26 0.73329609% 3,099,568.58 0.69799298% Special Hazard 2,074,436.38 0.42445326% 2,074,436.38 0.46714308% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.682652% Weighted Average Net Coupon 6.432652% Weighted Average Pass-Through Rate 6.418011% Weighted Average Maturity(Stepdown Calculation ) 299 Beginning Scheduled Collateral Loan Count 2,037 Number Of Loans Paid In Full 62 Ending Scheduled Collateral Loan Count 1,975 Beginning Scheduled Collateral Balance 463,132,321.18 Ending Scheduled Collateral Balance 444,068,733.94 Ending Actual Collateral Balance at 30-Apr-2004 444,646,820.99 Monthly P &I Constant 3,346,089.74 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 444,068,733.94 Scheduled Principal 766,963.13 Unscheduled Principal 18,296,624.11 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,083,386.00 Overcollateralized Amount 1,083,386.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 5.874709 5.172937 7.387081 Weighted Average Net Rate 5.624709 4.922937 7.137081 Weighted Average Maturity 350 170 336 Beginning Loan Count 134 223 1,680 Loans Paid In Full 7 17 38 Ending Loan Count 127 206 1,642 Beginning Scheduled Balance 60,212,512.51 106,217,297.60 296,702,511.07 Ending scheduled Balance 56,929,063.12 98,049,366.23 289,090,304.59 Record Date 04/30/2004 04/30/2004 04/30/2004 Principal And Interest Constant 361,173.80 895,460.64 2,089,455.30 Scheduled Principal 66,398.00 437,581.11 262,984.02 Unscheduled Principal 3,217,051.39 7,730,350.26 7,349,222.46 Scheduled Interest 294,775.80 457,879.53 1,826,471.28 Servicing Fees 12,544.27 22,128.61 61,813.02 Master Servicing Fees 250.87 442.58 1,236.32 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 451.58 796.63 2,472.49 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 281,529.08 434,511.71 1,760,949.45 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.610709 4.908937 7.122081
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 6.682652 Weighted Average Net Rate 6.432652 Weighted Average Maturity 299 Beginning Loan Count 2,037 Loans Paid In Full 62 Ending Loan Count 1,975 Beginning Scheduled Balance 463,132,321.18 Ending scheduled Balance 444,068,733.94 Record Date 04/30/2004 Principal And Interest Constant 3,346,089.74 Scheduled Principal 766,963.13 Unscheduled Principal 18,296,624.11 Scheduled Interest 2,579,126.61 Servicing Fees 96,485.90 Master Servicing Fees 1,929.77 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 3,720.70 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,476,990.24 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.418011
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