-----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, EltRm9adj8bD26DNhzwpscGEfq1gMUD2Qn+VeDLeloDy3z3QvHz4vKkotxqmdJAu OxwV9cpocvCp9gps7YlbLg== 0001056404-04-002962.txt : 20040903 0001056404-04-002962.hdr.sgml : 20040903 20040903140750 ACCESSION NUMBER: 0001056404-04-002962 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040903 DATE AS OF CHANGE: 20040903 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: 041016357 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 AUGUST 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): August 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) 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) 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 August 25, 2004 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2004-2 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 2004-2 Trust, relating to the August 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 (Registrant) 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: 9/3/2004 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 August 25, 2004 distribution. EX-99.1
Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 7/31/2004 Distribution Date: 8/25/2004 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 3.88018% 12,047,732.61 38,956.12 370,451.55 1-A2 576433KC9 SEN 3.73018% 17,428,765.79 54,177.00 535,911.07 2-A1 576433KD7 SEN 4.13328% 36,712,089.43 126,451.19 3,171,731.12 3-A1 576433KE5 SEN 1.84000% 153,679,108.81 235,641.31 10,774,293.80 M-1 576433KF2 SUB 2.05000% 7,178,000.00 12,262.42 0.00 M-2 576433KG0 SUB 2.55000% 6,461,000.00 13,729.63 0.00 M-3 576433KA3 SUB 3.20000% 4,163,000.00 11,101.33 0.00 B 576433KH8 SUB 4.20000% 2,297,781.00 8,042.23 0.00 X 576433KJ4 SEN 0.00000% 0.00 661,393.83 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 239,967,477.64 1,161,755.06 14,852,387.54
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 11,677,281.06 409,407.67 0.00 1-A2 0.00 16,892,854.72 590,088.07 0.00 2-A1 0.00 33,540,358.31 3,298,182.31 0.00 3-A1 0.00 142,904,815.01 11,009,935.11 0.00 M-1 0.00 7,178,000.00 12,262.42 0.00 M-2 0.00 6,461,000.00 13,729.63 0.00 M-3 0.00 4,163,000.00 11,101.33 0.00 B 0.00 2,297,781.00 8,042.23 0.00 X 0.00 0.00 661,393.83 0.00 R-1 0.00 0.00 0.00 0.00 LR 0.00 0.00 0.00 0.00 Totals 0.00 225,115,090.10 16,014,142.60 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 12,047,732.61 0.00 370,451.55 0.00 0.00 1-A2 20,619,000.00 17,428,765.79 0.00 535,911.07 0.00 0.00 2-A1 47,222,000.00 36,712,089.43 0.00 3,171,731.12 0.00 0.00 3-A1 184,943,000.00 153,679,108.81 0.00 10,774,293.80 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 287,136,781.00 239,967,477.64 0.00 14,852,387.54 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 370,451.55 11,677,281.06 0.81928584 370,451.55 1-A2 535,911.07 16,892,854.72 0.81928584 535,911.07 2-A1 3,171,731.12 33,540,358.31 0.71026975 3,171,731.12 3-A1 10,774,293.80 142,904,815.01 0.77269653 10,774,293.80 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 14,852,387.54 225,115,090.10 0.78399949 14,852,387.54
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 14,253,000.00 845.27696695 0.00000000 25.99112818 0.00000000 1-A2 20,619,000.00 845.27696736 0.00000000 25.99112809 0.00000000 2-A1 47,222,000.00 777.43614057 0.00000000 67.16638685 0.00000000 3-A1 184,943,000.00 830.95390910 0.00000000 58.25737552 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 25.99112818 819.28583877 0.81928584 25.99112818 1-A2 0.00000000 25.99112809 819.28583927 0.81928584 25.99112809 2-A1 0.00000000 67.16638685 710.26975372 0.71026975 67.16638685 3-A1 0.00000000 58.25737552 772.69653358 0.77269653 58.25737552 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 3.88018% 12,047,732.61 38,956.12 0.00 0.00 1-A2 20,619,000.00 3.73018% 17,428,765.79 54,177.00 0.00 0.00 2-A1 47,222,000.00 4.13328% 36,712,089.43 126,451.18 0.00 0.00 3-A1 184,943,000.00 1.84000% 153,679,108.81 235,641.30 0.00 0.00 M-1 7,178,000.00 2.05000% 7,178,000.00 12,262.42 0.00 0.00 M-2 6,461,000.00 2.55000% 6,461,000.00 13,729.62 0.00 0.00 M-3 4,163,000.00 3.20000% 4,163,000.00 11,101.33 0.00 0.00 B 2,297,781.00 4.20000% 2,297,781.00 8,042.23 0.00 0.00 X 0.00 0.00000% 242,121,003.51 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 287,136,781.00 500,361.20 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 38,956.12 0.00 11,677,281.06 1-A2 0.00 0.00 54,177.00 0.00 16,892,854.72 2-A1 0.00 0.00 126,451.19 0.00 33,540,358.31 3-A1 (0.01) 0.00 235,641.31 0.00 142,904,815.01 M-1 0.00 0.00 12,262.42 0.00 7,178,000.00 M-2 0.00 0.00 13,729.63 0.00 6,461,000.00 M-3 0.00 0.00 11,101.33 0.00 4,163,000.00 B 0.00 0.00 8,042.23 0.00 2,297,781.00 X 0.00 0.00 661,393.83 0.00 227,268,615.97 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 1,161,755.06 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 3.88018% 845.27696695 2.73318740 0.00000000 0.00000000 1-A2 20,619,000.00 3.73018% 845.27696736 2.62752801 0.00000000 0.00000000 2-A1 47,222,000.00 4.13328% 777.43614057 2.67780230 0.00000000 0.00000000 3-A1 184,943,000.00 1.84000% 830.95390910 1.27412933 0.00000000 0.00000000 M-1 7,178,000.00 2.05000% 1000.00000000 1.70833380 0.00000000 0.00000000 M-2 6,461,000.00 2.55000% 1000.00000000 2.12499923 0.00000000 0.00000000 M-3 4,163,000.00 3.20000% 1000.00000000 2.66666587 0.00000000 0.00000000 B 2,297,781.00 4.20000% 1000.00000000 3.49999848 0.00000000 0.00000000 X 0.00 0.00000% 843.22531630 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 2.73318740 0.00000000 819.28583877 1-A2 0.00000000 0.00000000 2.62752801 0.00000000 819.28583927 2-A1 0.00000000 0.00000000 2.67780251 0.00000000 710.26975372 3-A1 (0.00000005) 0.00000000 1.27412938 0.00000000 772.69653358 M-1 0.00000000 0.00000000 1.70833380 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.12500077 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.66666587 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.49999848 0.00000000 1000.00000000 X 0.00000000 0.00000000 2.30341033 0.00000000 791.49948913 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 16,029,420.41 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 46,379.17 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 16,075,799.58 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 61,656.98 Payment of Interest and Principal 16,014,142.60 Total Withdrawals (Pool Distribution Amount) 16,075,799.58 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 60,931.17 Miscellaneous Fee 725.81 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 61,656.98
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 19 0 0 0 19 6,998,119.13 0.00 0.00 0.00 6,998,119.13 60 Days 10 0 1 0 11 1,902,488.09 0.00 99,792.18 0.00 2,002,280.27 90 Days 1 0 0 0 1 114,999.97 0.00 0.00 0.00 114,999.97 120 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 30 0 1 0 31 9,015,607.19 0.00 99,792.18 0.00 9,115,399.37 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 2.457956% 0.000000% 0.000000% 0.000000% 2.457956% 3.078321% 0.000000% 0.000000% 0.000000% 3.078321% 60 Days 1.293661% 0.000000% 0.129366% 0.000000% 1.423027% 0.836863% 0.000000% 0.043896% 0.000000% 0.880760% 90 Days 0.129366% 0.000000% 0.000000% 0.000000% 0.129366% 0.050586% 0.000000% 0.000000% 0.000000% 0.050586% 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 3.880983% 0.000000% 0.129366% 0.000000% 4.010349% 3.965770% 0.000000% 0.043896% 0.000000% 4.009666%
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 1 154,766.43 0.00 0.00 0.00 154,766.43 60 Days 1 0 0 0 1 164,869.96 0.00 0.00 0.00 164,869.96 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 2 319,636.39 0.00 0.00 0.00 319,636.39 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.111111% 0.000000% 0.000000% 0.000000% 1.111111% 0.490391% 0.000000% 0.000000% 0.000000% 0.490391% 60 Days 1.111111% 0.000000% 0.000000% 0.000000% 1.111111% 0.522405% 0.000000% 0.000000% 0.000000% 0.522405% 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 2.222222% 0.000000% 0.000000% 0.000000% 2.222222% 1.012796% 0.000000% 0.000000% 0.000000% 1.012796% 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 1 0 0 0 1 388,000.00 0.00 0.00 0.00 388,000.00 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 1 388,000.00 0.00 0.00 0.00 388,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.826446% 0.000000% 0.000000% 0.000000% 0.826446% 1.027806% 0.000000% 0.000000% 0.000000% 1.027806% 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 0.826446% 0.000000% 0.000000% 0.000000% 0.826446% 1.027806% 0.000000% 0.000000% 0.000000% 1.027806% 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 17 0 0 0 17 6,455,352.70 0.00 0.00 0.00 6,455,352.70 60 Days 9 0 1 0 10 1,737,618.13 0.00 99,792.18 0.00 1,837,410.31 90 Days 1 0 0 0 1 114,999.97 0.00 0.00 0.00 114,999.97 120 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 27 0 1 0 28 8,307,970.80 0.00 99,792.18 0.00 8,407,762.98 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.024911% 0.000000% 0.000000% 0.000000% 3.024911% 4.085007% 0.000000% 0.000000% 0.000000% 4.085007% 60 Days 1.601423% 0.000000% 0.177936% 0.000000% 1.779359% 1.099581% 0.000000% 0.063149% 0.000000% 1.162730% 90 Days 0.177936% 0.000000% 0.000000% 0.000000% 0.177936% 0.072773% 0.000000% 0.000000% 0.000000% 0.072773% 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 4.804270% 0.000000% 0.177936% 0.000000% 4.982206% 5.257361% 0.000000% 0.063149% 0.000000% 5.320510%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 46,379.17
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.064359% Weighted Average Net Coupon 5.762372% Weighted Average Pass-Through Rate 5.758774% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 818 Number Of Loans Paid In Full 45 Ending Scheduled Collateral Loan Count 773 Beginning Scheduled Collateral Balance 242,121,003.51 Ending Scheduled Collateral Balance 227,268,615.97 Ending Actual Collateral Balance at 31-Jul-2004 227,335,601.79 Monthly P &I Constant 1,316,327.09 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 227,268,615.97 Scheduled Principal 92,736.58 Unscheduled Principal 14,759,650.96 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 661,393.83
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 5.150448 5.639181 6.343185 Weighted Average Net Rate 4.842229 5.330576 6.044001 Weighted Average Maturity 353 353 353 Beginning Loan Count 93 129 596 Loans Paid In Full 3 8 34 Ending Loan Count 90 121 562 Beginning Scheduled Balance 32,454,513.91 40,908,905.52 168,757,584.08 Ending scheduled Balance 31,548,151.29 37,737,174.40 157,983,290.28 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 155,138.67 212,176.10 949,012.32 Scheduled Principal 15,842.60 19,932.16 56,961.82 Unscheduled Principal 890,520.02 3,151,798.96 10,717,331.98 Scheduled Interest 139,296.07 192,243.94 892,050.50 Servicing Fees 8,335.90 10,520.58 42,074.69 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 122.36 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 130,837.81 181,723.36 849,372.36 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 4.837705 5.330576 6.039710
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 6.064359 Weighted Average Net Rate 5.762372 Weighted Average Maturity 353 Beginning Loan Count 818 Loans Paid In Full 45 Ending Loan Count 773 Beginning Scheduled Balance 242,121,003.51 Ending scheduled Balance 227,268,615.97 Record Date 07/31/2004 Principal And Interest Constant 1,316,327.09 Scheduled Principal 92,736.58 Unscheduled Principal 14,759,650.96 Scheduled Interest 1,223,590.51 Servicing Fees 60,931.17 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 725.81 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,161,933.53 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 5.758774
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