-----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, E3beakPDf5AkGtV6DH0nJn9/ZUBzWxD25S6MtjHFm0zmI5OAZf92OV3VbmNNQ5Lz PeR/ZV4ck9UqF+jePOhnhA== 0001056404-04-001416.txt : 20040409 0001056404-04-001416.hdr.sgml : 20040409 20040409113112 ACCESSION NUMBER: 0001056404-04-001416 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030325 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTR ADJUSTABLE RATE MORTGAGES TRUST 2004-2 CENTRAL INDEX KEY: 0001282125 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: 333-106982-17 FILM NUMBER: 04726501 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: MASTR MORTGAGE PASS-THR CERTS SER 2004-2 DATE OF NAME CHANGE: 20040227 8-K 1 mam04002.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 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-17 54-2144769 Pooling and Servicing Agreement) (Commission 54-2144770 (State or other File Number) 54-6601023 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 MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2004-2 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 2004-2 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. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-2 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: 4/8/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the March 25, 2004 distribution. EX-99.1
Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 2/29/2004 Distribution Date: 3/25/2004 MARM Series: 2004-2 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 1-A1 576433KB1 SEN 3.85010% 14,253,000.00 45,729.51 485,656.76 1-A2 576433KC9 SEN 3.70010% 20,619,000.00 63,576.89 702,571.86 2-A1 576433KD7 SEN 4.17805% 47,222,000.00 164,413.11 435,658.48 3-A1 576433KE5 SEN 1.48000% 184,943,000.00 212,889.94 1,795,870.84 M-1 576433KF2 SUB 1.69000% 7,178,000.00 9,435.08 0.00 M-2 576433KG0 SUB 2.19000% 6,461,000.00 11,005.24 0.00 M-3 576433KA3 SUB 2.84000% 4,163,000.00 9,195.60 0.00 B 576433KH8 SUB 3.84000% 2,297,781.00 6,862.71 0.00 X 576433KJ4 SUB 0.00000% 0.01 0.00 0.00 R-1 576433KK1 SEN 0.00000% 0.00 0.00 0.00 LR 576433KL9 SEN 0.00000% 0.00 0.00 0.00 Totals 287,136,781.01 523,108.08 3,419,757.94
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 13,767,343.24 531,386.27 0.00 1-A2 0.00 19,916,428.14 766,148.75 0.00 2-A1 0.00 46,786,341.52 600,071.59 0.00 3-A1 0.00 183,147,129.16 2,008,760.78 0.00 M-1 0.00 7,178,000.00 9,435.08 0.00 M-2 0.00 6,461,000.00 11,005.24 0.00 M-3 0.00 4,163,000.00 9,195.60 0.00 B 0.00 2,297,781.00 6,862.71 0.00 X 0.00 858,345.93 0.00 0.00 R-1 0.00 0.00 0.00 0.00 LR 0.00 0.00 0.00 0.00 Totals 0.00 284,575,368.99 3,942,866.02 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) 1-A1 14,253,000.00 14,253,000.00 0.00 485,656.76 0.00 0.00 1-A2 20,619,000.00 20,619,000.00 0.00 702,571.86 0.00 0.00 2-A1 47,222,000.00 47,222,000.00 0.00 435,658.48 0.00 0.00 3-A1 184,943,000.00 184,943,000.00 0.00 1,795,870.84 0.00 0.00 M-1 7,178,000.00 7,178,000.00 0.00 0.00 0.00 0.00 M-2 6,461,000.00 6,461,000.00 0.00 0.00 0.00 0.00 M-3 4,163,000.00 4,163,000.00 0.00 0.00 0.00 0.00 B 2,297,781.00 2,297,781.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 LR 0.00 0.00 0.00 0.00 0.00 0.00 Totals 287,136,781.00 287,136,781.00 0.00 3,419,757.94 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 1-A1 485,656.76 13,767,343.24 0.96592600 485,656.76 1-A2 702,571.86 19,916,428.14 0.96592600 702,571.86 2-A1 435,658.48 46,786,341.52 0.99077425 435,658.48 3-A1 1,795,870.84 183,147,129.16 0.99028960 1,795,870.84 M-1 0.00 7,178,000.00 1.00000000 0.00 M-2 0.00 6,461,000.00 1.00000000 0.00 M-3 0.00 4,163,000.00 1.00000000 0.00 B 0.00 2,297,781.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 LR 0.00 0.00 0.00000000 0.00 Totals 3,419,757.94 283,717,023.06 0.98809014 3,419,757.94
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 14,253,000.00 1000.00000000 0.00000000 34.07400267 0.00000000 1-A2 20,619,000.00 1000.00000000 0.00000000 34.07400262 0.00000000 2-A1 47,222,000.00 1000.00000000 0.00000000 9.22575240 0.00000000 3-A1 184,943,000.00 1000.00000000 0.00000000 9.71040180 0.00000000 M-1 7,178,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 6,461,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 4,163,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 2,297,781.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.01 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 LR 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A1 0.00000000 34.07400267 965.92599733 0.96592600 34.07400267 1-A2 0.00000000 34.07400262 965.92599738 0.96592600 34.07400262 2-A1 0.00000000 9.22575240 990.77424760 0.99077425 9.22575240 3-A1 0.00000000 9.71040180 990.28959820 0.99028960 9.71040180 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 LR 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 1-A1 14,253,000.00 3.85010% 14,253,000.00 45,729.51 0.00 0.00 1-A2 20,619,000.00 3.70010% 20,619,000.00 63,576.89 0.00 0.00 2-A1 47,222,000.00 4.17805% 47,222,000.00 164,413.11 0.00 0.00 3-A1 184,943,000.00 1.48000% 184,943,000.00 212,889.94 0.00 0.00 M-1 7,178,000.00 1.69000% 7,178,000.00 9,435.08 0.00 0.00 M-2 6,461,000.00 2.19000% 6,461,000.00 11,005.24 0.00 0.00 M-3 4,163,000.00 2.84000% 4,163,000.00 9,195.60 0.00 0.00 B 2,297,781.00 3.84000% 2,297,781.00 6,862.71 0.00 0.00 X 0.01 0.00000% 0.01 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 LR 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 287,136,781.01 523,108.08 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 1-A1 0.00 0.00 45,729.51 0.00 13,767,343.24 1-A2 0.00 0.00 63,576.89 0.00 19,916,428.14 2-A1 0.00 0.00 164,413.11 0.00 46,786,341.52 3-A1 0.00 0.00 212,889.94 0.00 183,147,129.16 M-1 0.00 0.00 9,435.08 0.00 7,178,000.00 M-2 0.00 0.00 11,005.24 0.00 6,461,000.00 M-3 0.00 0.00 9,195.60 0.00 4,163,000.00 B 0.00 0.00 6,862.71 0.00 2,297,781.00 X 0.00 0.00 0.00 0.00 858,345.93 R-1 0.00 0.00 0.00 0.00 0.00 LR 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 523,108.08 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 1-A1 14,253,000.00 3.85010% 1000.00000000 3.20841297 0.00000000 0.00000000 1-A2 20,619,000.00 3.70010% 1000.00000000 3.08341287 0.00000000 0.00000000 2-A1 47,222,000.00 4.17805% 1000.00000000 3.48170577 0.00000000 0.00000000 3-A1 184,943,000.00 1.48000% 1000.00000000 1.15111110 0.00000000 0.00000000 M-1 7,178,000.00 1.69000% 1000.00000000 1.31444413 0.00000000 0.00000000 M-2 6,461,000.00 2.19000% 1000.00000000 1.70333385 0.00000000 0.00000000 M-3 4,163,000.00 2.84000% 1000.00000000 2.20888782 0.00000000 0.00000000 B 2,297,781.00 3.84000% 1000.00000000 2.98666844 0.00000000 0.00000000 X 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 LR 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A1 0.00000000 0.00000000 3.20841297 0.00000000 965.92599733 1-A2 0.00000000 0.00000000 3.08341287 0.00000000 965.92599738 2-A1 0.00000000 0.00000000 3.48170577 0.00000000 990.77424760 3-A1 0.00000000 0.00000000 1.15111110 0.00000000 990.28959820 M-1 0.00000000 0.00000000 1.31444413 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.70333385 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.20888782 0.00000000 1000.00000000 B 0.00000000 0.00000000 2.98666844 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 LR 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 3,987,367.08 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 27,899.67 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4,015,266.75 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 72,400.73 Payment of Interest and Principal 3,942,866.02 Total Withdrawals (Pool Distribution Amount) 4,015,266.75 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 71,674.10 Miscellaneous Fee 726.63 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 72,400.73
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 18 0 0 0 18 4,999,873.66 0.00 0.00 0.00 4,999,873.66 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 18 0 0 0 18 4,999,873.66 0.00 0.00 0.00 4,999,873.66 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 1.902748% 0.000000% 0.000000% 0.000000% 1.902748% 1.756814% 0.000000% 0.000000% 0.000000% 1.756814% 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 1.902748% 0.000000% 0.000000% 0.000000% 1.902748% 1.756814% 0.000000% 0.000000% 0.000000% 1.756814%
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 1 0 0 0 1 384,000.00 0.00 0.00 0.00 384,000.00 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 1 0 0 0 1 384,000.00 0.00 0.00 0.00 384,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.970874% 0.000000% 0.000000% 0.000000% 0.970874% 1.048707% 0.000000% 0.000000% 0.000000% 1.048707% 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 0.970874% 0.000000% 0.000000% 0.000000% 0.970874% 1.048707% 0.000000% 0.000000% 0.000000% 1.048707% 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 2 0 0 0 2 1,072,115.47 0.00 0.00 0.00 1,072,115.47 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 2 0 0 0 2 1,072,115.47 0.00 0.00 0.00 1,072,115.47 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.315789% 0.000000% 0.000000% 0.000000% 1.315789% 2.124810% 0.000000% 0.000000% 0.000000% 2.124810% 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 1.315789% 0.000000% 0.000000% 0.000000% 1.315789% 2.124810% 0.000000% 0.000000% 0.000000% 2.124810% 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 15 0 0 0 15 3,543,758.19 0.00 0.00 0.00 3,543,758.19 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 15 0 0 0 15 3,543,758.19 0.00 0.00 0.00 3,543,758.19 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.170767% 0.000000% 0.000000% 0.000000% 2.170767% 1.794078% 0.000000% 0.000000% 0.000000% 1.794078% 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 2.170767% 0.000000% 0.000000% 0.000000% 2.170767% 1.794078% 0.000000% 0.000000% 0.000000% 1.794078%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 27,899.67
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.075937% Weighted Average Net Coupon 5.776397% Weighted Average Pass-Through Rate 5.773360% Weighted Average Maturity(Stepdown Calculation ) 358 Beginning Scheduled Collateral Loan Count 952 Number Of Loans Paid In Full 6 Ending Scheduled Collateral Loan Count 946 Beginning Scheduled Collateral Balance 287,136,781.01 Ending Scheduled Collateral Balance 284,575,368.99 Ending Actual Collateral Balance at 29-Feb-2004 284,598,864.17 Monthly P &I Constant 1,522,066.07 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 284,575,368.99 Scheduled Principal 68,211.94 Unscheduled Principal 2,493,200.70 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,153,525.86 Overcollateralized Amount 858,345.93 Overcollateralized Deficiency Amount 1,295,179.93 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 858,345.30 Excess Cash Amount 858,345.30
Miscellaneous Reporting Trigger Event NO
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.118732 5.676445 6.358423 Weighted Average Net Rate 4.811565 5.375341 6.060720 Weighted Average Maturity 358 358 358 Beginning Loan Count 104 153 695 Loans Paid In Full 1 1 4 Ending Loan Count 103 152 691 Beginning Scheduled Balance 37,496,443.00 50,775,924.00 198,864,415.00 Ending scheduled Balance 36,606,455.18 50,449,613.66 197,519,300.15 Record Date 02/29/2004 02/29/2004 02/29/2004 Principal And Interest Constant 176,331.30 256,296.48 1,089,438.29 Scheduled Principal 16,386.11 16,107.53 35,718.30 Unscheduled Principal 873,601.97 310,202.45 1,309,396.28 Scheduled Interest 159,945.19 240,188.95 1,053,719.99 Servicing Fees 9,598.05 12,740.69 49,335.36 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 123.18 0.00 603.45 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 150,223.96 227,448.26 1,003,781.18 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 4.807623 5.375341 6.057079
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 6.075937 Weighted Average Net Rate 5.776397 Weighted Average Maturity 358 Beginning Loan Count 952 Loans Paid In Full 6 Ending Loan Count 946 Beginning Scheduled Balance 287,136,782.00 Ending scheduled Balance 284,575,368.99 Record Date 02/29/2004 Principal And Interest Constant 1,522,066.07 Scheduled Principal 68,211.94 Unscheduled Principal 2,493,200.70 Scheduled Interest 1,453,854.13 Servicing Fees 71,674.10 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 726.63 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,381,453.40 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 5.773360
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