-----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, LbzWvFiEjTKx63PrJDUYHd0/CzLpA9DKbKHNSNWHCCIK+HEI4ah7MHmEqZX4qdOJ K8itcygKc3PE3bzdChQj8Q== 0001056404-04-003504.txt : 20041022 0001056404-04-003504.hdr.sgml : 20041022 20041022140713 ACCESSION NUMBER: 0001056404-04-003504 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041020 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041022 DATE AS OF CHANGE: 20041022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORTGAGE INVESTMENTS II INC SERIES 2004-AR1 CENTRAL INDEX KEY: 0001282021 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106323-16 FILM NUMBER: 041091494 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 sam04ar1_oct.txt OCT. 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): October 19, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2004-AR1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-16 54-2144786 Pooling and Servicing Agreement) (Commission 54-2144787 (State or other File Number) 54-2144788 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) 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 October 19, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., Mortgage Pass-Through Certificates, Series 2004-AR1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-AR1 Trust, relating to the October 19, 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. STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2004-AR1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 10/19/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-AR1 Trust, relating to the October 19, 2004 distribution. EX-99.1
Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 9/30/04 Distribution Date: 10/19/04 SAM Series: 2004-AR1 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 86359LAP4 SEN 2.16125% 465,025,886.02 837,531.00 8,300,185.04 I-A-2 86359LAQ2 SEN 2.16125% 91,505,906.36 164,805.95 1,704,095.67 I-A-3 86359LAR0 SEN 2.16125% 3,967,700.00 7,145.99 0.00 II-A-1 86359LAS8 SEN 3.37779% 85,722,183.51 241,293.14 1,318,034.25 X 86359LAT6 SEN 1.02644% 0.00 526,870.22 0.00 R-I 86359LAU3 RES 0.00000% 0.00 0.00 0.00 R-II 86359LAV1 RES 0.00000% 0.00 0.00 0.00 R-III 86359LAW9 RES 0.00000% 0.00 0.00 0.00 M 86359LAX7 SUB 2.26125% 31,361,102.00 59,096.08 70.77 B-1 86359LAY5 SUB 2.41125% 11,473,454.39 23,054.47 25.89 B-2 86359LAZ2 SUB 3.01125% 8,413,893.22 21,113.61 18.99 B-3 86359LBA6 SUB 3.51125% 5,736,827.19 16,786.20 12.95 B-4 86359LBB4 SUB 3.23831% 2,677,166.02 7,224.58 6.04 B-5 86359LBC2 SUB 3.23831% 2,294,670.88 6,192.38 5.18 B-6 86359LBD0 SUB 3.23831% 4,971,979.90 13,417.35 11.22 Totals 713,150,769.49 1,924,530.97 11,322,466.00
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 456,725,700.98 9,137,716.04 0.00 I-A-2 0.00 89,801,810.69 1,868,901.62 0.00 I-A-3 0.00 3,967,700.00 7,145.99 0.00 II-A-1 0.00 84,404,149.26 1,559,327.39 0.00 X 0.00 0.00 526,870.22 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 M 0.00 31,361,031.22 59,166.85 0.00 B-1 0.00 11,473,428.50 23,080.36 0.00 B-2 0.00 8,413,874.23 21,132.60 0.00 B-3 0.00 5,736,814.25 16,799.15 0.00 B-4 0.00 2,677,159.98 7,230.62 0.00 B-5 0.00 2,294,665.70 6,197.56 0.00 B-6 0.00 4,971,968.68 13,428.57 0.00 Totals 0.00 701,828,303.49 13,246,996.97 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-1 502,449,600.00 465,025,886.02 0.00 8,300,185.04 0.00 0.00 I-A-2 99,189,300.00 91,505,906.36 0.00 1,704,095.67 0.00 0.00 I-A-3 3,967,700.00 3,967,700.00 0.00 0.00 0.00 0.00 II-A-1 92,375,500.00 85,722,183.51 1,461.83 1,316,572.42 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 M 31,361,500.00 31,361,102.00 70.77 0.00 0.00 0.00 B-1 11,473,600.00 11,473,454.39 25.89 0.00 0.00 0.00 B-2 8,414,000.00 8,413,893.22 18.99 0.00 0.00 0.00 B-3 5,736,900.00 5,736,827.19 12.95 0.00 0.00 0.00 B-4 2,677,200.00 2,677,166.02 6.04 0.00 0.00 0.00 B-5 2,294,700.00 2,294,670.88 5.18 0.00 0.00 0.00 B-6 4,972,043.00 4,971,979.90 11.22 0.00 0.00 0.00 Totals 764,912,193.00 713,150,769.49 1,612.87 11,320,853.13 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 8,300,185.04 456,725,700.98 0.90899804 8,300,185.04 I-A-2 1,704,095.67 89,801,810.69 0.90535784 1,704,095.67 I-A-3 0.00 3,967,700.00 1.00000000 0.00 II-A-1 1,318,034.25 84,404,149.26 0.91370709 1,318,034.25 X 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 M 70.77 31,361,031.22 0.99998505 70.77 B-1 25.89 11,473,428.50 0.99998505 25.89 B-2 18.99 8,413,874.23 0.99998505 18.99 B-3 12.95 5,736,814.25 0.99998505 12.95 B-4 6.04 2,677,159.98 0.99998505 6.04 B-5 5.18 2,294,665.70 0.99998505 5.18 B-6 11.22 4,971,968.68 0.99998505 11.22 Totals 11,322,466.00 701,828,303.49 0.91752793 11,322,466.00
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 502,449,600.00 925.51747682 0.00000000 16.51943805 0.00000000 I-A-2 99,189,300.00 922.53807981 0.00000000 17.18023688 0.00000000 I-A-3 3,967,700.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-1 92,375,500.00 927.97531283 0.01582487 14.25239831 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 M 31,361,500.00 999.98730928 0.00225659 0.00000000 0.00000000 B-1 11,473,600.00 999.98730913 0.00225648 0.00000000 0.00000000 B-2 8,414,000.00 999.98730925 0.00225695 0.00000000 0.00000000 B-3 5,736,900.00 999.98730848 0.00225732 0.00000000 0.00000000 B-4 2,677,200.00 999.98730763 0.00225609 0.00000000 0.00000000 B-5 2,294,700.00 999.98730989 0.00225738 0.00000000 0.00000000 B-6 4,972,043.00 999.98730904 0.00225662 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 16.51943805 908.99803877 0.90899804 16.51943805 I-A-2 0.00000000 17.18023688 905.35784293 0.90535784 17.18023688 I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-1 0.00000000 14.26822318 913.70708965 0.91370709 14.26822318 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.00225659 999.98505237 0.99998505 0.00225659 B-1 0.00000000 0.00225648 999.98505264 0.99998505 0.00225648 B-2 0.00000000 0.00225695 999.98505229 0.99998505 0.00225695 B-3 0.00000000 0.00225732 999.98505290 0.99998505 0.00225732 B-4 0.00000000 0.00225609 999.98505155 0.99998505 0.00225609 B-5 0.00000000 0.00225738 999.98505251 0.99998505 0.00225738 B-6 0.00000000 0.00225662 999.98505242 0.99998505 0.00225662 (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-1 502,449,600.00 2.16125% 465,025,886.02 837,531.00 0.00 0.00 I-A-2 99,189,300.00 2.16125% 91,505,906.36 164,805.95 0.00 0.00 I-A-3 3,967,700.00 2.16125% 3,967,700.00 7,145.99 0.00 0.00 II-A-1 92,375,500.00 3.37779% 85,722,183.51 241,293.14 0.00 0.00 X 0.00 1.02644% 617,484,769.18 528,175.05 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 R-III 50.00 0.00000% 0.00 0.00 0.00 0.00 M 31,361,500.00 2.26125% 31,361,102.00 59,096.08 0.00 0.00 B-1 11,473,600.00 2.41125% 11,473,454.39 23,054.47 0.00 0.00 B-2 8,414,000.00 3.01125% 8,413,893.22 21,113.61 0.00 0.00 B-3 5,736,900.00 3.51125% 5,736,827.19 16,786.20 0.00 0.00 B-4 2,677,200.00 3.23831% 2,677,166.02 7,224.58 0.00 0.00 B-5 2,294,700.00 3.23831% 2,294,670.88 6,192.38 0.00 0.00 B-6 4,972,043.00 3.23831% 4,971,979.90 13,417.35 0.00 0.00 Totals 764,912,193.00 1,925,835.80 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A-1 (0.01) 0.00 837,531.00 0.00 456,725,700.98 I-A-2 0.00 0.00 164,805.95 0.00 89,801,810.69 I-A-3 0.00 0.00 7,145.99 0.00 3,967,700.00 II-A-1 0.00 0.00 241,293.14 0.00 84,404,149.26 X 0.00 0.00 526,870.22 0.00 607,480,359.87 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 M 0.00 0.00 59,096.08 0.00 31,361,031.22 B-1 0.00 0.00 23,054.47 0.00 11,473,428.50 B-2 0.00 0.00 21,113.61 0.00 8,413,874.23 B-3 0.00 0.00 16,786.20 0.00 5,736,814.25 B-4 0.00 0.00 7,224.58 0.00 2,677,159.98 B-5 0.00 0.00 6,192.38 0.00 2,294,665.70 B-6 0.00 0.00 13,417.35 0.00 4,971,968.68 Totals (0.01) 0.00 1,924,530.97 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-1 502,449,600.00 2.16125% 925.51747682 1.66689555 0.00000000 0.00000000 I-A-2 99,189,300.00 2.16125% 922.53807981 1.66152952 0.00000000 0.00000000 I-A-3 3,967,700.00 2.16125% 1000.00000000 1.80104091 0.00000000 0.00000000 II-A-1 92,375,500.00 3.37779% 927.97531283 2.61209022 0.00000000 0.00000000 X 0.00 1.02644% 931.92222367 0.79713394 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 M 31,361,500.00 2.26125% 999.98730928 1.88435119 0.00000000 0.00000000 B-1 11,473,600.00 2.41125% 999.98730913 2.00934929 0.00000000 0.00000000 B-2 8,414,000.00 3.01125% 999.98730925 2.50934276 0.00000000 0.00000000 B-3 5,736,900.00 3.51125% 999.98730848 2.92600533 0.00000000 0.00000000 B-4 2,677,200.00 3.23831% 999.98730763 2.69855820 0.00000000 0.00000000 B-5 2,294,700.00 3.23831% 999.98730989 2.69855755 0.00000000 0.00000000 B-6 4,972,043.00 3.23831% 999.98730904 2.69855872 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 (0.00000002) 0.00000000 1.66689555 0.00000000 908.99803877 I-A-2 0.00000000 0.00000000 1.66152952 0.00000000 905.35784293 I-A-3 0.00000000 0.00000000 1.80104091 0.00000000 1000.00000000 II-A-1 0.00000000 0.00000000 2.61209022 0.00000000 913.70708965 X 0.00000000 0.00000000 0.79516466 0.00000000 916.82333891 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.00000000 1.88435119 0.00000000 999.98505237 B-1 0.00000000 0.00000000 2.00934929 0.00000000 999.98505264 B-2 0.00000000 0.00000000 2.50934276 0.00000000 999.98505229 B-3 0.00000000 0.00000000 2.92600533 0.00000000 999.98505290 B-4 0.00000000 0.00000000 2.69855820 0.00000000 999.98505155 B-5 0.00000000 0.00000000 2.69855755 0.00000000 999.98505251 B-6 0.00000000 0.00000000 2.69855872 0.00000000 999.98505242 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X 1.05579% 560,499,492.38 550,495,211.67 0.00 0.00 90.89980388% X 0.73776% 56,985,276.80 56,985,148.20 0.00 0.00 99.99850525%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 13,475,224.19 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22,685.67 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 13,497,909.86 Withdrawals Reimbursement for Servicer Advances 21,150.35 Payment of Service Fee 229,762.54 Payment of Interest and Principal 13,246,996.97 Total Withdrawals (Pool Distribution Amount) 13,497,909.86 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 (0.01)
SERVICING FEES Gross Servicing Fee 68,211.63 Master Servicing Fee 1,485.73 Special Servicing Fee 160,065.18 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 229,762.54
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Basis Risk Reserve Fund 5,000.00 1,304.83 1,304.83 5,000.00
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 1 0 0 1 375,250.00 0.00 0.00 375,250.00 30 Days 22 0 0 0 22 5,976,900.07 0.00 0.00 0.00 5,976,900.07 60 Days 3 0 0 0 3 1,203,946.16 0.00 0.00 0.00 1,203,946.16 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 1 0 1 0.00 0.00 170,200.00 0.00 170,200.00 150 Days 0 1 0 0 1 0.00 199,065.52 0.00 0.00 199,065.52 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 25 2 1 0 28 7,180,846.23 574,315.52 170,200.00 0.00 7,925,361.75 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 0.034459% 0.000000% 0.000000% 0.034459% 0.053467% 0.000000% 0.000000% 0.053467% 30 Days 0.758098% 0.000000% 0.000000% 0.000000% 0.758098% 0.851617% 0.000000% 0.000000% 0.000000% 0.851617% 60 Days 0.103377% 0.000000% 0.000000% 0.000000% 0.103377% 0.171544% 0.000000% 0.000000% 0.000000% 0.171544% 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% 0.034459% 0.000000% 0.034459% 0.000000% 0.000000% 0.024251% 0.000000% 0.024251% 150 Days 0.000000% 0.034459% 0.000000% 0.000000% 0.034459% 0.000000% 0.028364% 0.000000% 0.000000% 0.028364% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.861475% 0.068918% 0.034459% 0.000000% 0.964852% 1.023160% 0.081831% 0.024251% 0.000000% 1.129243%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 4,411,250.07 0.00 0.00 0.00 4,411,250.07 60 Days 3 0 0 0 3 1,203,946.16 0.00 0.00 0.00 1,203,946.16 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 1 0 1 0.00 0.00 170,200.00 0.00 170,200.00 150 Days 0 1 0 0 1 0.00 199,065.52 0.00 0.00 199,065.52 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 22 1 1 0 24 5,615,196.23 199,065.52 170,200.00 0.00 5,984,461.75 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.775194% 0.000000% 0.000000% 0.000000% 0.775194% 0.724858% 0.000000% 0.000000% 0.000000% 0.724858% 60 Days 0.122399% 0.000000% 0.000000% 0.000000% 0.122399% 0.197833% 0.000000% 0.000000% 0.000000% 0.197833% 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% 0.040800% 0.000000% 0.040800% 0.000000% 0.000000% 0.027967% 0.000000% 0.027967% 150 Days 0.000000% 0.040800% 0.000000% 0.000000% 0.040800% 0.000000% 0.032711% 0.000000% 0.000000% 0.032711% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.897593% 0.040800% 0.040800% 0.000000% 0.979192% 0.922691% 0.032711% 0.027967% 0.000000% 0.983369% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 375,250.00 0.00 0.00 375,250.00 30 Days 3 0 0 0 3 1,565,650.00 0.00 0.00 0.00 1,565,650.00 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 3 1 0 0 4 1,565,650.00 375,250.00 0.00 0.00 1,940,900.00 0-29 Days 0.221729% 0.000000% 0.000000% 0.221729% 0.402358% 0.000000% 0.000000% 0.402358% 30 Days 0.665188% 0.000000% 0.000000% 0.000000% 0.665188% 1.678752% 0.000000% 0.000000% 0.000000% 1.678752% 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 0.665188% 0.221729% 0.000000% 0.000000% 0.886918% 1.678752% 0.402358% 0.000000% 0.000000% 2.081110%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 22,685.67
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.624855% Weighted Average Net Coupon 3.510077% Weighted Average Pass-Through Rate 3.238240% Weighted Average Maturity(Stepdown Calculation ) 308 Beginning Scheduled Collateral Loan Count 2,935 Number Of Loans Paid In Full 33 Ending Scheduled Collateral Loan Count 2,902 Beginning Scheduled Collateral Balance 713,150,770.28 Ending Scheduled Collateral Balance 701,828,304.28 Ending Actual Collateral Balance at 30-Sep-2004 701,829,916.82 Monthly P &I Constant 2,155,836.50 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 701,828,304.28 Scheduled Principal 1,612.87 Unscheduled Principal 11,320,853.13
Miscellaneous Reporting Average Loss Severity 0.000000% Senior Percentage - Group 1 90.611924% Senior Percentage - Group 2 90.635236% Senior Prepay Percentage - Group 1 100.000000% Senior Prepay Percentage - Group 2 100.000000% Subordinate Percentage - Group 1 9.388076% Subordinate Percentage - Group 2 9.364764% Subordinate Prepay Percentage - Group 1 0.000000% Subordinate Prepay Percentage - Group 2 0.000000%
Group Level Collateral Statement Group Group I Group II Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.605047 3.754406 3.624855 Weighted Average Net Rate 3.480855 3.701199 3.510077 Weighted Average Maturity 307 317 308 Beginning Loan Count 2,481 454 2,935 Loans Paid In Full 30 3 33 Ending Loan Count 2,451 451 2,902 Beginning Scheduled Balance 618,571,456.61 94,579,313.67 713,150,770.28 Ending scheduled Balance 608,567,175.90 93,261,128.38 701,828,304.28 Record Date 09/30/2004 09/30/2004 09/30/2004 Principal And Interest Constant 1,858,315.99 297,520.51 2,155,836.50 Scheduled Principal 0.00 1,612.87 1,612.87 Unscheduled Principal 10,004,280.71 1,316,572.42 11,320,853.13 Scheduled Interest 1,858,315.99 295,907.64 2,154,223.63 Servicing Fees 64,018.07 4,193.56 68,211.63 Master Servicing Fees 1,288.69 197.04 1,485.73 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 134,702.70 25,362.48 160,065.18 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 1,658,306.53 266,154.56 1,924,461.09 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 3.217038 3.376906 3.238240
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