-----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, RWMdj+Z1TlysXixYaYp0kYhB3qQWP4i3J+Kl9X8GP3RA/ZKeZQL4aB3mvwAfcqn6 tSd1OZ8mWRz3fpd2AP6MMw== 0001056404-04-002517.txt : 20040804 0001056404-04-002517.hdr.sgml : 20040804 20040804130032 ACCESSION NUMBER: 0001056404-04-002517 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: 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: 04950807 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_jul.txt JULY 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 26, 2004 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) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On July 26, 2004 a distribution was made to holders of 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 July 26, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 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: 7/29/04 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 July 26, 2004 distribution. EX-99.1
Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 6/30/04 Distribution Date: 7/26/04 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 3.87845% 12,620,001.93 40,788.35 572,269.32 1-A2 576433KC9 SEN 3.72845% 18,256,635.09 56,724.10 827,869.30 2-A1 576433KD7 SEN 4.15182% 38,260,621.98 132,375.95 1,548,532.55 3-A1 576433KE5 SEN 1.69000% 165,141,460.15 240,326.71 11,462,351.34 M-1 576433KF2 SUB 1.90000% 7,178,000.00 11,744.01 0.00 M-2 576433KG0 SUB 2.40000% 6,461,000.00 13,352.73 0.00 M-3 576433KA3 SUB 3.05000% 4,163,000.00 10,933.66 0.00 B 576433KH8 SUB 4.05000% 2,297,781.00 8,013.51 0.00 X 576433KJ4 SEN 0.00000% 0.00 714,920.63 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 254,378,500.15 1,229,179.65 14,411,022.51
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 12,047,732.61 613,057.67 0.00 1-A2 0.00 17,428,765.79 884,593.40 0.00 2-A1 0.00 36,712,089.43 1,680,908.50 0.00 3-A1 0.00 153,679,108.81 11,702,678.05 0.00 M-1 0.00 7,178,000.00 11,744.01 0.00 M-2 0.00 6,461,000.00 13,352.73 0.00 M-3 0.00 4,163,000.00 10,933.66 0.00 B 0.00 2,297,781.00 8,013.51 0.00 X 0.00 0.00 714,920.63 0.00 R-1 0.00 0.00 0.00 0.00 LR 0.00 0.00 0.00 0.00 Totals 0.00 239,967,477.64 15,640,202.16 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 12,620,001.93 0.00 572,269.32 0.00 0.00 1-A2 20,619,000.00 18,256,635.09 0.00 827,869.30 0.00 0.00 2-A1 47,222,000.00 38,260,621.98 0.00 1,548,532.55 0.00 0.00 3-A1 184,943,000.00 165,141,460.15 0.00 11,462,351.34 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 287,136,781.00 254,378,500.15 0.00 14,411,022.51 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 572,269.32 12,047,732.61 0.84527697 572,269.32 1-A2 827,869.30 17,428,765.79 0.84527697 827,869.30 2-A1 1,548,532.55 36,712,089.43 0.77743614 1,548,532.55 3-A1 11,462,351.34 153,679,108.81 0.83095391 11,462,351.34 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 14,411,022.51 239,967,477.64 0.83572532 14,411,022.51
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 14,253,000.00 885.42776468 0.00000000 40.15079773 0.00000000 1-A2 20,619,000.00 885.42776517 0.00000000 40.15079781 0.00000000 2-A1 47,222,000.00 810.22874889 0.00000000 32.79260832 0.00000000 3-A1 184,943,000.00 892.93166084 0.00000000 61.97775174 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 0.00 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 40.15079773 845.27696695 0.84527697 40.15079773 1-A2 0.00000000 40.15079781 845.27696736 0.84527697 40.15079781 2-A1 0.00000000 32.79260832 777.43614057 0.77743614 32.79260832 3-A1 0.00000000 61.97775174 830.95390910 0.83095391 61.97775174 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 3.87845% 12,620,001.93 40,788.35 0.00 0.00 1-A2 20,619,000.00 3.72845% 18,256,635.09 56,724.09 0.00 0.00 2-A1 47,222,000.00 4.15182% 38,260,621.98 132,375.95 0.00 0.00 3-A1 184,943,000.00 1.69000% 165,141,460.15 240,326.70 0.00 0.00 M-1 7,178,000.00 1.90000% 7,178,000.00 11,744.01 0.00 0.00 M-2 6,461,000.00 2.40000% 6,461,000.00 13,352.73 0.00 0.00 M-3 4,163,000.00 3.05000% 4,163,000.00 10,933.66 0.00 0.00 B 2,297,781.00 4.05000% 2,297,781.00 8,013.51 0.00 0.00 X 0.00 0.00000% 256,532,026.02 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 287,136,781.00 514,259.00 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 40,788.35 0.00 12,047,732.61 1-A2 0.00 0.00 56,724.10 0.00 17,428,765.79 2-A1 0.00 0.00 132,375.95 0.00 36,712,089.43 3-A1 (0.01) 0.00 240,326.71 0.00 153,679,108.81 M-1 0.00 0.00 11,744.01 0.00 7,178,000.00 M-2 0.00 0.00 13,352.73 0.00 6,461,000.00 M-3 0.00 0.00 10,933.66 0.00 4,163,000.00 B 0.00 0.00 8,013.51 0.00 2,297,781.00 X 0.00 0.00 714,920.63 0.00 242,121,003.51 R-1 0.00 0.00 0.00 0.00 0.00 LR 0.00 0.00 0.00 0.00 0.00 Totals (0.01) 0.00 1,229,179.65 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 3.87845% 885.42776468 2.86173788 0.00000000 0.00000000 1-A2 20,619,000.00 3.72845% 885.42776517 2.75105922 0.00000000 0.00000000 2-A1 47,222,000.00 4.15182% 810.22874889 2.80326860 0.00000000 0.00000000 3-A1 184,943,000.00 1.69000% 892.93166084 1.29946362 0.00000000 0.00000000 M-1 7,178,000.00 1.90000% 1000.00000000 1.63611173 0.00000000 0.00000000 M-2 6,461,000.00 2.40000% 1000.00000000 2.06666615 0.00000000 0.00000000 M-3 4,163,000.00 3.05000% 1000.00000000 2.62638962 0.00000000 0.00000000 B 2,297,781.00 4.05000% 1000.00000000 3.48749946 0.00000000 0.00000000 X 0.00 0.00000% 893.41401880 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 2.86173788 0.00000000 845.27696695 1-A2 0.00000000 0.00000000 2.75105970 0.00000000 845.27696736 2-A1 0.00000000 0.00000000 2.80326860 0.00000000 777.43614057 3-A1 (0.00000005) 0.00000000 1.29946367 0.00000000 830.95390910 M-1 0.00000000 0.00000000 1.63611173 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.06666615 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.62638962 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.48749946 0.00000000 1000.00000000 X 0.00000000 0.00000000 2.48982602 0.00000000 843.22531630 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 15,655,222.94 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 50,139.68 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 15,705,362.62 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 65,160.46 Payment of Interest and Principal 15,640,202.16 Total Withdrawals (Pool Distribution Amount) 15,705,362.62 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 64,434.49 Miscellaneous Fee 725.97 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 65,160.46
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 35 0 0 0 35 7,810,916.32 0.00 0.00 0.00 7,810,916.32 60 Days 2 0 0 0 2 326,264.98 0.00 0.00 0.00 326,264.98 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 0 0 0 1 300,000.00 0.00 0.00 0.00 300,000.00 150 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 38 0 0 0 38 8,437,181.30 0.00 0.00 0.00 8,437,181.30 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 4.278729% 0.000000% 0.000000% 0.000000% 4.278729% 3.225035% 0.000000% 0.000000% 0.000000% 3.225035% 60 Days 0.244499% 0.000000% 0.000000% 0.000000% 0.244499% 0.134711% 0.000000% 0.000000% 0.000000% 0.134711% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.122249% 0.000000% 0.000000% 0.000000% 0.122249% 0.123866% 0.000000% 0.000000% 0.000000% 0.123866% 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 4.645477% 0.000000% 0.000000% 0.000000% 4.645477% 3.483612% 0.000000% 0.000000% 0.000000% 3.483612%
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 2 0 0 0 2 703,237.08 0.00 0.00 0.00 703,237.08 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 2 703,237.08 0.00 0.00 0.00 703,237.08 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.150538% 0.000000% 0.000000% 0.000000% 2.150538% 2.165995% 0.000000% 0.000000% 0.000000% 2.165995% 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 2.150538% 0.000000% 0.000000% 0.000000% 2.150538% 2.165995% 0.000000% 0.000000% 0.000000% 2.165995% 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 2 591,032.98 0.00 0.00 0.00 591,032.98 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 2 591,032.98 0.00 0.00 0.00 591,032.98 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.550388% 0.000000% 0.000000% 0.000000% 1.550388% 1.444159% 0.000000% 0.000000% 0.000000% 1.444159% 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 1.550388% 0.000000% 0.000000% 0.000000% 1.550388% 1.444159% 0.000000% 0.000000% 0.000000% 1.444159% 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 31 0 0 0 31 6,516,646.26 0.00 0.00 0.00 6,516,646.26 60 Days 2 0 0 0 2 326,264.98 0.00 0.00 0.00 326,264.98 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 0 0 0 1 300,000.00 0.00 0.00 0.00 300,000.00 150 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 34 0 0 0 34 7,142,911.24 0.00 0.00 0.00 7,142,911.24 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.201342% 0.000000% 0.000000% 0.000000% 5.201342% 3.860494% 0.000000% 0.000000% 0.000000% 3.860494% 60 Days 0.335570% 0.000000% 0.000000% 0.000000% 0.335570% 0.193281% 0.000000% 0.000000% 0.000000% 0.193281% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.167785% 0.000000% 0.000000% 0.000000% 0.167785% 0.177722% 0.000000% 0.000000% 0.000000% 0.177722% 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 5.704698% 0.000000% 0.000000% 0.000000% 5.704698% 4.231497% 0.000000% 0.000000% 0.000000% 4.231497%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 50,139.68
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.066600% Weighted Average Net Coupon 5.765190% Weighted Average Pass-Through Rate 5.761794% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 863 Number Of Loans Paid In Full 45 Ending Scheduled Collateral Loan Count 818 Beginning Scheduled Collateral Balance 256,532,026.02 Ending Scheduled Collateral Balance 242,121,003.51 Ending Actual Collateral Balance at 30-Jun-2004 242,196,325.14 Monthly P &I Constant 1,390,083.27 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 242,121,003.51 Scheduled Principal 93,185.55 Unscheduled Principal 14,317,836.96 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 2,153,525.86 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 714,920.63
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 5.148358 5.656942 6.335604 Weighted Average Net Rate 4.840318 5.349112 6.036951 Weighted Average Maturity 354 354 354 Beginning Loan Count 97 134 632 Loans Paid In Full 4 5 36 Ending Loan Count 93 129 596 Beginning Scheduled Balance 33,854,652.53 42,457,438.07 180,219,935.42 Ending scheduled Balance 32,454,513.91 40,908,905.52 168,757,584.08 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 162,379.76 220,409.46 1,007,294.05 Scheduled Principal 17,133.21 20,260.08 55,792.26 Unscheduled Principal 1,383,005.41 1,528,272.47 11,406,559.08 Scheduled Interest 145,246.55 200,149.38 951,501.79 Servicing Fees 8,690.47 10,891.37 44,852.65 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 122.52 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 136,433.56 189,258.01 906,045.69 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 4.835975 5.349112 6.032933
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 6.066600 Weighted Average Net Rate 5.765190 Weighted Average Maturity 354 Beginning Loan Count 863 Loans Paid In Full 45 Ending Loan Count 818 Beginning Scheduled Balance 256,532,026.02 Ending scheduled Balance 242,121,003.51 Record Date 06/30/2004 Principal And Interest Constant 1,390,083.27 Scheduled Principal 93,185.55 Unscheduled Principal 14,317,836.96 Scheduled Interest 1,296,897.72 Servicing Fees 64,434.49 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 725.97 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,231,737.26 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 5.761794
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