-----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, TmgaiwqP/YtLK4Owjej4m0KS//fwdhreg4zrJJT/cN+Xu3s4aaSh2++4ZFbW29CS 0mOo0oEnIoseltrRMPVQKg== 0001056404-04-001369.txt : 20040408 0001056404-04-001369.hdr.sgml : 20040408 20040408083648 ACCESSION NUMBER: 0001056404-04-001369 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040325 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORT INV II INC BEAR STEARNS ALT A TR 04 1 CENTRAL INDEX KEY: 0001281916 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: 333-106323-15 FILM NUMBER: 04723535 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bsl04001.txt MARCH 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): March 25, 2004 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-15 54-2144744 Pooling and Servicing Agreement) (Commission 54-2144756 (State or other File Number) 54-2144745 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 March 25, 2004 a distribution was made to holders of BEAR STEARNS ALT-A 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 March 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. BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust 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: 4/6/2004 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 March 25, 2004 distribution. EX-99.1
Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 2/29/2004 Distribution Date: 3/25/2004 BSL 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 07386HFE6 SEN 2.91766% 47,385,100.00 115,211.21 799,983.36 I-X-A-1 07386HFF3 SEN 2.46200% 0.00 97,218.43 0.00 I-A-2 07386HFG1 SEN 4.69366% 75,944,400.00 297,047.44 1,282,138.39 I-X-A-2 07386HFH9 SEN 0.68600% 0.00 43,414.88 0.00 II-A-1 07386HFK2 SEN 3.76525% 72,786,400.00 228,382.65 1,429,133.87 II-X-A-1 07386HFR7 SEN 1.69800% 0.00 102,992.76 0.00 II-A-2 07386HFS5 SEN 3.74725% 24,262,100.00 75,763.51 476,377.30 II-X-A-2 07386HFT3 SEN 1.71600% 0.00 34,694.80 0.00 II-A-3 07386HFU0 SEN 4.27425% 82,546,700.00 294,021.20 1,620,773.73 II-X-A-3 07386HFV8 SEN 1.18900% 0.00 81,790.02 0.00 III-A-1 07386HFW6 SEN 4.58718% 13,851,300.00 52,948.65 6,876.55 III-X-A-1 07386HFX4 SEN 1.14200% 0.00 13,181.82 0.00 IV-A-1 07386HFY2 SEN 3.60735% 87,049,000.00 261,680.29 649,024.29 IV-X-A-1 07386HFZ9 SEN 1.70100% 0.00 123,391.96 0.00 V-A-1 07386HFJ5 SEN 5.47891% 150,700,000.00 688,059.89 200,373.68 R 07386HFL0 RES 0.00000% 100.00 0.00 100.00 M 07386HFM8 SUB 5.43124% 17,559,900.00 79,476.72 3,522.35 B-1 07386HFN6 SUB 5.43124% 14,787,400.00 66,928.29 2,966.21 B-2 07386HFP1 SUB 5.43124% 10,782,300.00 48,801.07 2,162.83 B-3 07386HFQ9 SUB 5.43124% 7,393,700.00 33,464.14 1,483.11 B-4 07386HGA3 SUB 5.43124% 6,469,600.00 29,281.64 1,297.74 B-5 07386HGB1 SUB 5.43124% 2,772,400.00 12,547.98 556.12 B-6 07386HGC9 SUB 5.43124% 1,848,793.00 8,367.70 370.85 Totals 616,139,193.00 2,788,667.05 6,477,140.38
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 46,585,116.64 915,194.57 0.00 I-X-A-1 0.00 0.00 97,218.43 0.00 I-A-2 0.00 74,662,261.61 1,579,185.83 0.00 I-X-A-2 0.00 0.00 43,414.88 0.00 II-A-1 0.00 71,357,266.13 1,657,516.52 0.00 II-X-A-1 0.00 0.00 102,992.76 0.00 II-A-2 0.00 23,785,722.70 552,140.81 0.00 II-X-A-2 0.00 0.00 34,694.80 0.00 II-A-3 0.00 80,925,926.27 1,914,794.93 0.00 II-X-A-3 0.00 0.00 81,790.02 0.00 III-A-1 0.00 13,844,423.45 59,825.20 0.00 III-X-A-1 0.00 0.00 13,181.82 0.00 IV-A-1 0.00 86,399,975.71 910,704.58 0.00 IV-X-A-1 0.00 0.00 123,391.96 0.00 V-A-1 0.00 150,499,626.32 888,433.57 0.00 R 0.00 0.00 100.00 0.00 M 0.00 17,556,377.65 82,999.07 0.00 B-1 0.00 14,784,433.79 69,894.50 0.00 B-2 0.00 10,780,137.17 50,963.90 0.00 B-3 0.00 7,392,216.89 34,947.25 0.00 B-4 0.00 6,468,302.26 30,579.38 0.00 B-5 0.00 2,771,843.88 13,104.10 0.00 B-6 0.00 1,848,422.15 8,738.55 0.00 Totals 0.00 609,662,052.62 9,265,807.43 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) I-A-1 47,385,100.00 47,385,100.00 6,217.16 793,766.19 0.00 0.00 I-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 I-A-2 75,944,400.00 75,944,400.00 9,964.29 1,272,174.11 0.00 0.00 I-X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 72,786,400.00 72,786,400.00 12,556.90 1,416,576.97 0.00 0.00 II-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 II-A-2 24,262,100.00 24,262,100.00 4,185.63 472,191.68 0.00 0.00 II-X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 II-A-3 82,546,700.00 82,546,700.00 14,240.72 1,606,533.01 0.00 0.00 II-X-A-3 0.00 0.00 0.00 0.00 0.00 0.00 III-A-1 13,851,300.00 13,851,300.00 2,378.12 4,498.43 0.00 0.00 III-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 IV-A-1 87,049,000.00 87,049,000.00 19,621.29 629,403.00 0.00 0.00 IV-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 V-A-1 150,700,000.00 150,700,000.00 42,068.49 158,305.19 0.00 0.00 R 100.00 100.00 0.00 100.00 0.00 0.00 M 17,559,900.00 17,559,900.00 3,522.35 0.00 0.00 0.00 B-1 14,787,400.00 14,787,400.00 2,966.21 0.00 0.00 0.00 B-2 10,782,300.00 10,782,300.00 2,162.83 0.00 0.00 0.00 B-3 7,393,700.00 7,393,700.00 1,483.11 0.00 0.00 0.00 B-4 6,469,600.00 6,469,600.00 1,297.74 0.00 0.00 0.00 B-5 2,772,400.00 2,772,400.00 556.12 0.00 0.00 0.00 B-6 1,848,793.00 1,848,793.00 370.85 0.00 0.00 0.00 Totals 616,139,193.00 616,139,193.00 123,591.81 6,353,548.58 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-1 799,983.36 46,585,116.64 0.98311741 799,983.36 I-X-A-1 0.00 0.00 0.00000000 0.00 I-A-2 1,282,138.39 74,662,261.61 0.98311741 1,282,138.39 I-X-A-2 0.00 0.00 0.00000000 0.00 II-A-1 1,429,133.87 71,357,266.13 0.98036537 1,429,133.87 II-X-A-1 0.00 0.00 0.00000000 0.00 II-A-2 476,377.30 23,785,722.70 0.98036537 476,377.30 II-X-A-2 0.00 0.00 0.00000000 0.00 II-A-3 1,620,773.73 80,925,926.27 0.98036537 1,620,773.73 II-X-A-3 0.00 0.00 0.00000000 0.00 III-A-1 6,876.55 13,844,423.45 0.99950354 6,876.55 III-X-A-1 0.00 0.00 0.00000000 0.00 IV-A-1 649,024.29 86,399,975.71 0.99254415 649,024.29 IV-X-A-1 0.00 0.00 0.00000000 0.00 V-A-1 200,373.68 150,499,626.32 0.99867038 200,373.68 R 100.00 0.00 0.00000000 100.00 M 3,522.35 17,556,377.65 0.99979941 3,522.35 B-1 2,966.21 14,784,433.79 0.99979941 2,966.21 B-2 2,162.83 10,780,137.17 0.99979941 2,162.83 B-3 1,483.11 7,392,216.89 0.99979941 1,483.11 B-4 1,297.74 6,468,302.26 0.99979941 1,297.74 B-5 556.12 2,771,843.88 0.99979941 556.12 B-6 370.85 1,848,422.15 0.99979941 370.85 Totals 6,477,140.38 609,662,052.62 0.98948754 6,477,140.38
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 47,385,100.00 1000.00000000 0.13120496 16.75138788 0.00000000 I-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 75,944,400.00 1000.00000000 0.13120507 16.75138799 0.00000000 I-X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 72,786,400.00 1000.00000000 0.17251712 19.46211064 0.00000000 II-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 24,262,100.00 1000.00000000 0.17251722 19.46211086 0.00000000 II-X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 82,546,700.00 1000.00000000 0.17251713 19.46211066 0.00000000 II-X-A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 13,851,300.00 1000.00000000 0.17168930 0.32476591 0.00000000 III-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-1 87,049,000.00 1000.00000000 0.22540512 7.23044492 0.00000000 IV-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 V-A-1 150,700,000.00 1000.00000000 0.27915388 1.05046576 0.00000000 R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 M 17,559,900.00 1000.00000000 0.20059055 0.00000000 0.00000000 B-1 14,787,400.00 1000.00000000 0.20059037 0.00000000 0.00000000 B-2 10,782,300.00 1000.00000000 0.20059078 0.00000000 0.00000000 B-3 7,393,700.00 1000.00000000 0.20059104 0.00000000 0.00000000 B-4 6,469,600.00 1000.00000000 0.20059045 0.00000000 0.00000000 B-5 2,772,400.00 1000.00000000 0.20059155 0.00000000 0.00000000 B-6 1,848,793.00 1000.00000000 0.20059033 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 16.88259305 983.11740695 0.98311741 16.88259305 I-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 16.88259292 983.11740708 0.98311741 16.88259292 I-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 19.63462776 980.36537224 0.98036537 19.63462776 II-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.00000000 19.63462767 980.36537233 0.98036537 19.63462767 II-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00000000 19.63462779 980.36537221 0.98036537 19.63462779 II-X-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 0.00000000 0.49645521 999.50354479 0.99950354 0.49645521 III-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-1 0.00000000 7.45585004 992.54414996 0.99254415 7.45585004 IV-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V-A-1 0.00000000 1.32961964 998.67038036 0.99867038 1.32961964 R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 M 0.00000000 0.20059055 999.79940945 0.99979941 0.20059055 B-1 0.00000000 0.20059037 999.79940963 0.99979941 0.20059037 B-2 0.00000000 0.20059078 999.79940922 0.99979941 0.20059078 B-3 0.00000000 0.20059104 999.79940896 0.99979941 0.20059104 B-4 0.00000000 0.20059045 999.79940955 0.99979941 0.20059045 B-5 0.00000000 0.20059155 999.79940845 0.99979941 0.20059155 B-6 0.00000000 0.20059033 999.79940967 0.99979941 0.20059033 (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 47,385,100.00 2.91766% 47,385,100.00 115,211.21 0.00 0.00 I-X-A-1 0.00 2.46200% 47,385,100.00 97,218.43 0.00 0.00 I-A-2 75,944,400.00 4.69366% 75,944,400.00 297,047.44 0.00 0.00 I-X-A-2 0.00 0.68600% 75,944,400.00 43,414.88 0.00 0.00 II-A-1 72,786,400.00 3.76525% 72,786,400.00 228,382.65 0.00 0.00 II-X-A-1 0.00 1.69800% 72,786,400.00 102,992.76 0.00 0.00 II-A-2 24,262,100.00 3.74725% 24,262,100.00 75,763.51 0.00 0.00 II-X-A-2 0.00 1.71600% 24,262,100.00 34,694.80 0.00 0.00 II-A-3 82,546,700.00 4.27425% 82,546,700.00 294,021.21 0.00 0.00 II-X-A-3 0.00 1.18900% 82,546,700.00 81,790.02 0.00 0.00 III-A-1 13,851,300.00 4.58718% 13,851,300.00 52,948.65 0.00 0.00 III-X-A-1 0.00 1.14200% 13,851,300.00 13,181.82 0.00 0.00 IV-A-1 87,049,000.00 3.60735% 87,049,000.00 261,680.29 0.00 0.00 IV-X-A-1 0.00 1.70100% 87,049,000.00 123,391.96 0.00 0.00 V-A-1 150,700,000.00 5.47891% 150,700,000.00 688,059.89 0.00 0.00 R 100.00 0.00000% 100.00 0.00 0.00 0.00 M 17,559,900.00 5.43124% 17,559,900.00 79,476.72 0.00 0.00 B-1 14,787,400.00 5.43124% 14,787,400.00 66,928.29 0.00 0.00 B-2 10,782,300.00 5.43124% 10,782,300.00 48,801.07 0.00 0.00 B-3 7,393,700.00 5.43124% 7,393,700.00 33,464.14 0.00 0.00 B-4 6,469,600.00 5.43124% 6,469,600.00 29,281.64 0.00 0.00 B-5 2,772,400.00 5.43124% 2,772,400.00 12,547.98 0.00 0.00 B-6 1,848,793.00 5.43124% 1,848,793.00 8,367.70 0.00 0.00 Totals 616,139,193.00 2,788,667.06 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 0.00 115,211.21 0.00 46,585,116.64 I-X-A-1 0.00 0.00 97,218.43 0.00 46,585,116.64 I-A-2 0.00 0.00 297,047.44 0.00 74,662,261.61 I-X-A-2 0.00 0.00 43,414.88 0.00 74,662,261.61 II-A-1 0.00 0.00 228,382.65 0.00 71,357,266.13 II-X-A-1 0.00 0.00 102,992.76 0.00 71,357,266.13 II-A-2 0.00 0.00 75,763.51 0.00 23,785,722.70 II-X-A-2 0.00 0.00 34,694.80 0.00 23,785,722.70 II-A-3 0.00 0.00 294,021.20 0.00 80,925,926.27 II-X-A-3 0.00 0.00 81,790.02 0.00 80,925,926.27 III-A-1 0.00 0.00 52,948.65 0.00 13,844,423.45 III-X-A-1 0.00 0.00 13,181.82 0.00 13,844,423.45 IV-A-1 0.00 0.00 261,680.29 0.00 86,399,975.71 IV-X-A-1 0.00 0.00 123,391.96 0.00 86,399,975.71 V-A-1 0.00 0.00 688,059.89 0.00 150,499,626.32 R 0.00 0.00 0.00 0.00 0.00 M 0.00 0.00 79,476.72 0.00 17,556,377.65 B-1 0.00 0.00 66,928.29 0.00 14,784,433.79 B-2 0.00 0.00 48,801.07 0.00 10,780,137.17 B-3 0.00 0.00 33,464.14 0.00 7,392,216.89 B-4 0.00 0.00 29,281.64 0.00 6,468,302.26 B-5 0.00 0.00 12,547.98 0.00 2,771,843.88 B-6 0.00 0.00 8,367.70 0.00 1,848,422.15 Totals 0.00 0.00 2,788,667.05 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 47,385,100.00 2.91766% 1000.00000000 2.43138054 0.00000000 0.00000000 I-X-A-1 0.00 2.46200% 1000.00000000 2.05166666 0.00000000 0.00000000 I-A-2 75,944,400.00 4.69366% 1000.00000000 3.91138043 0.00000000 0.00000000 I-X-A-2 0.00 0.68600% 1000.00000000 0.57166664 0.00000000 0.00000000 II-A-1 72,786,400.00 3.76525% 1000.00000000 3.13771048 0.00000000 0.00000000 II-X-A-1 0.00 1.69800% 1000.00000000 1.41500005 0.00000000 0.00000000 II-A-2 24,262,100.00 3.74725% 1000.00000000 3.12271032 0.00000000 0.00000000 II-X-A-2 0.00 1.71600% 1000.00000000 1.42999988 0.00000000 0.00000000 II-A-3 82,546,700.00 4.27425% 1000.00000000 3.56187722 0.00000000 0.00000000 II-X-A-3 0.00 1.18900% 1000.00000000 0.99083331 0.00000000 0.00000000 III-A-1 13,851,300.00 4.58718% 1000.00000000 3.82264842 0.00000000 0.00000000 III-X-A-1 0.00 1.14200% 1000.00000000 0.95166663 0.00000000 0.00000000 IV-A-1 87,049,000.00 3.60735% 1000.00000000 3.00612632 0.00000000 0.00000000 IV-X-A-1 0.00 1.70100% 1000.00000000 1.41750003 0.00000000 0.00000000 V-A-1 150,700,000.00 5.47891% 1000.00000000 4.56575906 0.00000000 0.00000000 R 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 M 17,559,900.00 5.43124% 1000.00000000 4.52603489 0.00000000 0.00000000 B-1 14,787,400.00 5.43124% 1000.00000000 4.52603500 0.00000000 0.00000000 B-2 10,782,300.00 5.43124% 1000.00000000 4.52603526 0.00000000 0.00000000 B-3 7,393,700.00 5.43124% 1000.00000000 4.52603433 0.00000000 0.00000000 B-4 6,469,600.00 5.43124% 1000.00000000 4.52603561 0.00000000 0.00000000 B-5 2,772,400.00 5.43124% 1000.00000000 4.52603520 0.00000000 0.00000000 B-6 1,848,793.00 5.43124% 1000.00000000 4.52603401 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 2.43138054 0.00000000 983.11740695 I-X-A-1 0.00000000 0.00000000 2.05166666 0.00000000 983.11740695 I-A-2 0.00000000 0.00000000 3.91138043 0.00000000 983.11740708 I-X-A-2 0.00000000 0.00000000 0.57166664 0.00000000 983.11740708 II-A-1 0.00000000 0.00000000 3.13771048 0.00000000 980.36537224 II-X-A-1 0.00000000 0.00000000 1.41500005 0.00000000 980.36537224 II-A-2 0.00000000 0.00000000 3.12271032 0.00000000 980.36537233 II-X-A-2 0.00000000 0.00000000 1.42999988 0.00000000 980.36537233 II-A-3 0.00000000 0.00000000 3.56187710 0.00000000 980.36537221 II-X-A-3 0.00000000 0.00000000 0.99083331 0.00000000 980.36537221 III-A-1 0.00000000 0.00000000 3.82264842 0.00000000 999.50354479 III-X-A-1 0.00000000 0.00000000 0.95166663 0.00000000 999.50354479 IV-A-1 0.00000000 0.00000000 3.00612632 0.00000000 992.54414996 IV-X-A-1 0.00000000 0.00000000 1.41750003 0.00000000 992.54414996 V-A-1 0.00000000 0.00000000 4.56575906 0.00000000 998.67038036 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.00000000 4.52603489 0.00000000 999.79940945 B-1 0.00000000 0.00000000 4.52603500 0.00000000 999.79940963 B-2 0.00000000 0.00000000 4.52603526 0.00000000 999.79940922 B-3 0.00000000 0.00000000 4.52603433 0.00000000 999.79940896 B-4 0.00000000 0.00000000 4.52603561 0.00000000 999.79940955 B-5 0.00000000 0.00000000 4.52603520 0.00000000 999.79940845 B-6 0.00000000 0.00000000 4.52603401 0.00000000 999.79940967 (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 9,366,061.07 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 42,320.37 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 9,408,381.44 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 142,574.01 Payment of Interest and Principal 9,265,807.43 Total Withdrawals (Pool Distribution Amount) 9,408,381.44 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 105,623.65 Additional Servicing Fees 36,950.36 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 142,574.01
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 19 0 0 0 19 7,903,362.41 0.00 0.00 0.00 7,903,362.41 60 Days 4 0 0 0 4 975,000.00 0.00 0.00 0.00 975,000.00 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 23 0 0 0 23 8,878,362.41 0.00 0.00 0.00 8,878,362.41 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.956697% 0.000000% 0.000000% 0.000000% 0.956697% 1.296157% 0.000000% 0.000000% 0.000000% 1.296157% 60 Days 0.201410% 0.000000% 0.000000% 0.000000% 0.201410% 0.159901% 0.000000% 0.000000% 0.000000% 0.159901% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.158107% 0.000000% 0.000000% 0.000000% 1.158107% 1.456057% 0.000000% 0.000000% 0.000000% 1.456057%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 6 0 0 0 6 4,093,525.87 0.00 0.00 0.00 4,093,525.87 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 6 0 0 0 6 4,093,525.87 0.00 0.00 0.00 4,093,525.87 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.247191% 0.000000% 0.000000% 0.000000% 2.247191% 3.033113% 0.000000% 0.000000% 0.000000% 3.033113% 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 2.247191% 0.000000% 0.000000% 0.000000% 2.247191% 3.033113% 0.000000% 0.000000% 0.000000% 3.033113% 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 4 0 0 0 4 1,953,288.39 0.00 0.00 0.00 1,953,288.39 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 4 0 0 0 4 1,953,288.39 0.00 0.00 0.00 1,953,288.39 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.036269% 0.000000% 0.000000% 0.000000% 1.036269% 0.996347% 0.000000% 0.000000% 0.000000% 0.996347% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.036269% 0.000000% 0.000000% 0.000000% 1.036269% 0.996347% 0.000000% 0.000000% 0.000000% 0.996347% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 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 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4 0 0 0 4 1,033,499.99 0.00 0.00 0.00 1,033,499.99 60 Days 2 0 0 0 2 549,500.00 0.00 0.00 0.00 549,500.00 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 6 0 0 0 6 1,582,999.99 0.00 0.00 0.00 1,582,999.99 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.863931% 0.000000% 0.000000% 0.000000% 0.863931% 1.075601% 0.000000% 0.000000% 0.000000% 1.075601% 60 Days 0.431965% 0.000000% 0.000000% 0.000000% 0.431965% 0.571885% 0.000000% 0.000000% 0.000000% 0.571885% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.295896% 0.000000% 0.000000% 0.000000% 1.295896% 1.647486% 0.000000% 0.000000% 0.000000% 1.647486% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5 0 0 0 5 823,048.16 0.00 0.00 0.00 823,048.16 60 Days 2 0 0 0 2 425,500.00 0.00 0.00 0.00 425,500.00 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 7 0 0 0 7 1,248,548.16 0.00 0.00 0.00 1,248,548.16 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.600962% 0.000000% 0.000000% 0.000000% 0.600962% 0.492026% 0.000000% 0.000000% 0.000000% 0.492026% 60 Days 0.240385% 0.000000% 0.000000% 0.000000% 0.240385% 0.254368% 0.000000% 0.000000% 0.000000% 0.254368% 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 0.841346% 0.000000% 0.000000% 0.000000% 0.841346% 0.746394% 0.000000% 0.000000% 0.000000% 0.746394%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 42,320.37
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 568,754,093.00 92.30935144% 563,076,935.98 92.35886240% 89.895757% 0.000000% Class IA2 492,809,693.00 79.98350025% 488,414,674.37 80.11236267% 12.246500% 121.201559% Class 2A1 420,023,293.00 68.17019559% 417,057,408.24 68.40796580% 11.704397% 115.836457% Class 2A2 395,761,193.00 64.23243278% 393,271,685.54 64.50650554% 3.901460% 38.612099% Class 2A3 313,214,493.00 50.83502179% 312,345,759.27 51.23260634% 13.273899% 131.369559% Class R-I 61,614,093.00 10.00002819% 61,601,733.79 10.10424276% 0.000000% 0.000000% Class M 44,054,193.00 7.15003907% 44,045,356.14 7.22455268% 2.879690% 28.499811% Class B-1 29,266,793.00 4.75002943% 29,260,922.35 4.79953152% 2.425021% 24.000029% Class B-2 18,484,493.00 3.00005148% 18,480,785.18 3.03131630% 1.768215% 17.499730% Class B-3 11,090,793.00 1.80004667% 11,088,568.29 1.81880572% 1.212511% 12.000014% Class B-4 4,621,193.00 0.75002419% 4,620,266.03 0.75784051% 1.060965% 10.500195% Class B-5 1,848,793.00 0.30006093% 1,848,422.15 0.30318799% 0.454653% 4.499620% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.303188% 3.000601% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.708921% Weighted Average Net Coupon 5.503207% Weighted Average Pass-Through Rate 5.431242% Weighted Average Maturity(Stepdown Calculation ) 356 Beginning Scheduled Collateral Loan Count 1,999 Number Of Loans Paid In Full 13 Ending Scheduled Collateral Loan Count 1,986 Beginning Scheduled Collateral Balance 616,139,193.00 Ending Scheduled Collateral Balance 609,662,052.27 Ending Actual Collateral Balance at 29-Feb-2004 609,753,676.11 Monthly P &I Constant 3,054,832.85 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 8,974,480.69 Ending Scheduled Balance for Premium Loans 609,662,052.27 Scheduled Principal 123,591.81 Unscheduled Principal 6,353,448.58
Miscellaneous Reporting Senior Percentage Group 1 89.999931% Senior Percentage Group 2 89.999991% Senior Percentage Group 3 89.999790% Senior Percentage Group 4 89.999987% Senior Percentage Group 5 89.999985% Senior Prepayment Percentage Group 1 100.000000% Senior Prepayment Percentage Group 2 100.000000% Senior Prepayment Percentage Group 3 100.000000% Senior Prepayment Percentage Group 4 100.000000% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 1 10.000069% Subordinate Percentage Group 2 10.000009% Subordinate Percentage Group 3 10.000210% Subordinate Percentage Group 4 10.000013% Subordinate Percentage Group 5 10.000015% Subordinate Prepay Percent Group 1 0.000000% Subordinate Prepay Percent Group 2 0.000000% Subordinate Prepay Percent Group 3 0.000000% Subordinate Prepay Percent Group 4 0.000000% Subordinate Prepay Percent Group 5 0.000000% Average Loss Severity Group 1 0.000000% Average Loss Severity Group 2 0.000000% Average Loss Severity Group 3 0.000000% Average Loss Severity Group 4 0.000000% Average Loss Severity Group 5 0.000000%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.646302 5.743087 5.999930 Weighted Average Net Rate 5.422936 5.540822 5.783134 Weighted Average Maturity 356 356 356 Beginning Loan Count 271 391 38 Loans Paid In Full 4 5 0 Ending Loan Count 267 386 38 Beginning Scheduled Balance 137,032,882.96 199,550,242.54 15,390,369.30 Ending scheduled Balance 134,948,963.26 196,020,515.05 15,383,228.51 Record Date 02/29/2004 02/29/2004 02/29/2004 Principal And Interest Constant 662,753.64 989,454.52 79,593.31 Scheduled Principal 17,979.40 34,425.83 2,642.36 Unscheduled Principal 2,065,940.30 3,495,301.66 4,498.43 Scheduled Interest 644,774.24 955,028.69 76,950.95 Servicing Fees 25,507.16 33,634.99 2,780.48 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 4,942.20 12,899.23 692.01 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 614,324.88 908,494.47 73,478.46 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 5.379657 5.463253 5.729178
Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.586458 5.763439 5.708921 Weighted Average Net Rate 0.000000 5.568685 5.503207 Weighted Average Maturity 356 355 356 Beginning Loan Count 466 833 1,999 Loans Paid In Full 3 1 13 Ending Loan Count 463 832 1,986 Beginning Scheduled Balance 96,721,125.06 167,444,472.80 616,139,092.66 Ending scheduled Balance 96,069,920.62 167,239,424.83 609,662,052.27 Record Date 02/29/2004 02/29/2004 02/29/2004 Principal And Interest Constant 472,075.23 850,956.15 3,054,832.85 Scheduled Principal 21,801.44 46,742.78 123,591.81 Unscheduled Principal 629,403.00 158,305.19 6,353,448.58 Scheduled Interest 450,273.79 804,213.37 2,931,241.04 Servicing Fees 16,525.53 27,175.49 105,623.65 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 5,890.15 12,526.77 36,950.36 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 427,858.11 764,511.11 2,788,667.03 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 5.308352 5.478911 5.431242
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