-----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, ECksp+OCcuvriWsnoEjqQ3zdoKNdMu5W0x7p+FZ7luP2q6lLabKAa9atc9DRxkah 0k2ttOSLKHkQnU/kr/CNYw== 0001056404-05-000338.txt : 20050106 0001056404-05-000338.hdr.sgml : 20050106 20050106131818 ACCESSION NUMBER: 0001056404-05-000338 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041227 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050106 DATE AS OF CHANGE: 20050106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTR ADJUSTABLE RATE MORTGAGES TRUST 2004-2 CENTRAL INDEX KEY: 0001282125 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 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: 05515128 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_dec.txt DECEMBER 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): December 27, 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 December 27, 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 December 27, 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: 1/4/2005 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 December 27, 2004 distribution. EX-99.1
MASTR Adjustable Rate Mortgages Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 MASTR Adjustable Rate Mortgages Trust Mortgage Pass-Through Certificates 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 3.92500% 10,855,751.31 35,507.37 753,848.29 1-A2 576433KC9 SEN 3.77500% 15,704,394.60 49,403.43 1,090,549.22 2-A1 576433KD7 SEN 4.11294% 31,466,680.96 107,850.41 687,300.60 3-A1 576433KE5 SEN 2.57000% 123,546,092.79 273,414.38 5,025,900.09 M-1 576433KF2 SUB 2.78000% 7,178,000.00 17,183.34 0.00 M-2 576433KG0 SUB 3.28000% 6,461,000.00 18,248.74 0.00 M-3 576433KA3 SUB 3.93000% 4,163,000.00 14,088.29 0.00 B 576433KH8 SUB 4.93000% 2,297,781.00 9,754.72 0.00 X 576433KJ4 SEN 0.00000% 0.00 458,826.12 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 201,672,700.66 984,276.80 7,557,598.20
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 10,101,903.02 789,355.66 0.00 1-A2 0.00 14,613,845.39 1,139,952.65 0.00 2-A1 0.00 30,779,380.36 795,151.01 0.00 3-A1 0.00 118,520,192.70 5,299,314.47 0.00 M-1 0.00 7,178,000.00 17,183.34 0.00 M-2 0.00 6,461,000.00 18,248.74 0.00 M-3 0.00 4,163,000.00 14,088.29 0.00 B 0.00 2,297,781.00 9,754.72 0.00 X 0.00 0.00 458,826.12 0.00 R-1 0.00 0.00 0.00 0.00 LR 0.00 0.00 0.00 0.00 Totals 0.00 194,115,102.47 8,541,875.00 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 10,855,751.31 0.00 753,848.29 0.00 0.00 1-A2 20,619,000.00 15,704,394.60 0.00 1,090,549.22 0.00 0.00 2-A1 47,222,000.00 31,466,680.96 0.00 687,300.60 0.00 0.00 3-A1 184,943,000.00 123,546,092.79 0.00 5,025,900.09 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 287,136,781.00 201,672,700.66 0.00 7,557,598.20 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 753,848.29 10,101,903.02 0.70875626 753,848.29 1-A2 1,090,549.22 14,613,845.39 0.70875626 1,090,549.22 2-A1 687,300.60 30,779,380.36 0.65180171 687,300.60 3-A1 5,025,900.09 118,520,192.70 0.64084714 5,025,900.09 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 7,557,598.20 194,115,102.47 0.67603705 7,557,598.20
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 14,253,000.00 761.64676279 0.00000000 52.89049954 0.00000000 1-A2 20,619,000.00 761.64676269 0.00000000 52.89050002 0.00000000 2-A1 47,222,000.00 666.35637965 0.00000000 14.55466943 0.00000000 3-A1 184,943,000.00 668.02254095 0.00000000 27.17540047 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 52.89049954 708.75626324 0.70875626 52.89049954 1-A2 0.00000000 52.89050002 708.75626316 0.70875626 52.89050002 2-A1 0.00000000 14.55466943 651.80171022 0.65180171 14.55466943 3-A1 0.00000000 27.17540047 640.84714047 0.64084714 27.17540047 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 3.92500% 10,855,751.31 35,507.37 0.00 0.00 1-A2 20,619,000.00 3.77500% 15,704,394.60 49,403.43 0.00 0.00 2-A1 47,222,000.00 4.11294% 31,466,680.96 107,850.40 0.00 0.00 3-A1 184,943,000.00 2.57000% 123,546,092.79 273,414.37 0.00 0.00 M-1 7,178,000.00 2.78000% 7,178,000.00 17,183.33 0.00 0.00 M-2 6,461,000.00 3.28000% 6,461,000.00 18,248.74 0.00 0.00 M-3 4,163,000.00 3.93000% 4,163,000.00 14,088.29 0.00 0.00 B 2,297,781.00 4.93000% 2,297,781.00 9,754.72 0.00 0.00 X 0.00 0.00000% 203,826,226.53 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 287,136,781.00 525,450.65 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 35,507.37 0.00 10,101,903.02 1-A2 0.00 0.00 49,403.43 0.00 14,613,845.39 2-A1 (0.01) 0.00 107,850.41 0.00 30,779,380.36 3-A1 (0.01) 0.00 273,414.38 0.00 118,520,192.70 M-1 0.00 0.00 17,183.34 0.00 7,178,000.00 M-2 0.00 0.00 18,248.74 0.00 6,461,000.00 M-3 0.00 0.00 14,088.29 0.00 4,163,000.00 B 0.00 0.00 9,754.72 0.00 2,297,781.00 X 0.00 0.00 458,826.12 0.00 196,268,628.33 R-1 0.00 0.00 0.00 0.00 0.00 LR 0.00 0.00 0.00 0.00 0.00 Totals (0.02) 0.00 984,276.80 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 3.92500% 761.64676279 2.49122080 0.00000000 0.00000000 1-A2 20,619,000.00 3.77500% 761.64676269 2.39601484 0.00000000 0.00000000 2-A1 47,222,000.00 4.11294% 666.35637965 2.28390157 0.00000000 0.00000000 3-A1 184,943,000.00 2.57000% 668.02254095 1.47837101 0.00000000 0.00000000 M-1 7,178,000.00 2.78000% 1000.00000000 2.39388827 0.00000000 0.00000000 M-2 6,461,000.00 3.28000% 1000.00000000 2.82444513 0.00000000 0.00000000 M-3 4,163,000.00 3.93000% 1000.00000000 3.38416767 0.00000000 0.00000000 B 2,297,781.00 4.93000% 1000.00000000 4.24527838 0.00000000 0.00000000 X 0.00 0.00000% 709.85759948 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 2.49122080 0.00000000 708.75626324 1-A2 0.00000000 0.00000000 2.39601484 0.00000000 708.75626316 2-A1 (0.00000021) 0.00000000 2.28390178 0.00000000 651.80171022 3-A1 (0.00000005) 0.00000000 1.47837107 0.00000000 640.84714047 M-1 0.00000000 0.00000000 2.39388966 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.82444513 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.38416767 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.24527838 0.00000000 1000.00000000 X 0.00000000 0.00000000 1.59793572 0.00000000 683.53704884 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 8,541,734.40 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 40,051.21 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 12,044.00 Total Deposits 8,593,829.61 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 51,954.61 Payment of Interest and Principal 8,541,875.00 Total Withdrawals (Pool Distribution Amount) 8,593,829.61 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 51,351.16 Miscellaneous Fee 603.45 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 51,954.61
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 21 0 0 0 21 4,477,083.43 0.00 0.00 0.00 4,477,083.43 60 Days 4 0 0 0 4 1,041,587.95 0.00 0.00 0.00 1,041,587.95 90 Days 2 0 1 0 3 309,752.54 0.00 110,250.87 0.00 420,003.41 120 Days 0 0 1 0 1 0.00 0.00 392,331.57 0.00 392,331.57 150 Days 0 1 0 0 1 0.00 142,483.98 0.00 0.00 142,483.98 180+ Days 1 0 2 0 3 99,792.18 0.00 289,176.46 0.00 388,968.64 Totals 28 1 4 0 33 5,928,216.10 142,483.98 791,758.90 0.00 6,862,458.98 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 3.125000% 0.000000% 0.000000% 0.000000% 3.125000% 2.280296% 0.000000% 0.000000% 0.000000% 2.280296% 60 Days 0.595238% 0.000000% 0.000000% 0.000000% 0.595238% 0.530508% 0.000000% 0.000000% 0.000000% 0.530508% 90 Days 0.297619% 0.000000% 0.148810% 0.000000% 0.446429% 0.157765% 0.000000% 0.056154% 0.000000% 0.213919% 120 Days 0.000000% 0.000000% 0.148810% 0.000000% 0.148810% 0.000000% 0.000000% 0.199825% 0.000000% 0.199825% 150 Days 0.000000% 0.148810% 0.000000% 0.000000% 0.148810% 0.000000% 0.072571% 0.000000% 0.000000% 0.072571% 180+ Days 0.148810% 0.000000% 0.297619% 0.000000% 0.446429% 0.050827% 0.000000% 0.147285% 0.000000% 0.198112% Totals 4.166667% 0.148810% 0.595238% 0.000000% 4.910714% 3.019396% 0.072571% 0.403264% 0.000000% 3.495231%
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 1 163,938.43 0.00 0.00 0.00 163,938.43 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 1 163,938.43 0.00 0.00 0.00 163,938.43 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.265823% 0.000000% 0.000000% 0.000000% 1.265823% 0.591757% 0.000000% 0.000000% 0.000000% 0.591757% 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 1.265823% 0.000000% 0.000000% 0.000000% 1.265823% 0.591757% 0.000000% 0.000000% 0.000000% 0.591757% 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 3 0 0 0 3 678,966.46 0.00 0.00 0.00 678,966.46 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 0 0 0 3 678,966.46 0.00 0.00 0.00 678,966.46 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.702703% 0.000000% 0.000000% 0.000000% 2.702703% 1.940462% 0.000000% 0.000000% 0.000000% 1.940462% 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 2.702703% 0.000000% 0.000000% 0.000000% 2.702703% 1.940462% 0.000000% 0.000000% 0.000000% 1.940462% 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 3,634,178.54 0.00 0.00 0.00 3,634,178.54 60 Days 4 0 0 0 4 1,041,587.95 0.00 0.00 0.00 1,041,587.95 90 Days 2 0 1 0 3 309,752.54 0.00 110,250.87 0.00 420,003.41 120 Days 0 0 1 0 1 0.00 0.00 392,331.57 0.00 392,331.57 150 Days 0 1 0 0 1 0.00 142,483.98 0.00 0.00 142,483.98 180 Days 1 0 2 0 3 99,792.18 0.00 289,176.46 0.00 388,968.64 Totals 24 1 4 0 29 5,085,311.21 142,483.98 791,758.90 0.00 6,019,554.09 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.526971% 0.000000% 0.000000% 0.000000% 3.526971% 2.719294% 0.000000% 0.000000% 0.000000% 2.719294% 60 Days 0.829876% 0.000000% 0.000000% 0.000000% 0.829876% 0.779374% 0.000000% 0.000000% 0.000000% 0.779374% 90 Days 0.414938% 0.000000% 0.207469% 0.000000% 0.622407% 0.231774% 0.000000% 0.082496% 0.000000% 0.314270% 120 Days 0.000000% 0.000000% 0.207469% 0.000000% 0.207469% 0.000000% 0.000000% 0.293564% 0.000000% 0.293564% 150 Days 0.000000% 0.207469% 0.000000% 0.000000% 0.207469% 0.000000% 0.106614% 0.000000% 0.000000% 0.106614% 180 Days 0.207469% 0.000000% 0.414938% 0.000000% 0.622407% 0.074670% 0.000000% 0.216378% 0.000000% 0.291048% Totals 4.979253% 0.207469% 0.829876% 0.000000% 6.016598% 3.805113% 0.106614% 0.592438% 0.000000% 4.504165%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 40,051.21
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.029768% Weighted Average Net Coupon 5.723892% Weighted Average Pass-Through Rate 5.723892% Weighted Average Maturity(Stepdown Calculation ) 349 Beginning Scheduled Collateral Loan Count 694 Number Of Loans Paid In Full 22 Ending Scheduled Collateral Loan Count 672 Beginning Scheduled Collateral Balance 203,826,226.53 Ending Scheduled Collateral Balance 196,268,628.33 Ending Actual Collateral Balance at 30-Nov-2004 196,337,781.44 Monthly P &I Constant 1,097,843.19 Special Servicing Fee 0.00 Prepayment Penalties 12,044.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 196,268,628.33 Scheduled Principal 73,655.82 Unscheduled Principal 7,483,942.38 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 446,782.12
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 5.185923 5.616107 6.315996 Weighted Average Net Rate 4.882529 5.310231 6.014815 Weighted Average Maturity 349 349 349 Beginning Loan Count 83 112 499 Loans Paid In Full 4 1 17 Ending Loan Count 79 111 482 Beginning Scheduled Balance 29,538,161.42 35,663,497.05 138,624,568.06 Ending scheduled Balance 27,693,763.91 34,976,196.45 133,598,667.97 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 140,539.09 183,289.54 774,014.56 Scheduled Principal 12,886.90 16,381.18 44,387.74 Unscheduled Principal 1,831,510.61 670,919.42 4,981,512.35 Scheduled Interest 127,652.19 166,908.36 729,626.82 Servicing Fees 7,468.07 9,090.51 34,792.58 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 0.00 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 120,184.12 157,817.85 694,230.79 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 12,044.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.882529 5.310231 6.009591
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 6.029768 Weighted Average Net Rate 5.723892 Weighted Average Maturity 349 Beginning Loan Count 694 Loans Paid In Full 22 Ending Loan Count 672 Beginning Scheduled Balance 203,826,226.53 Ending scheduled Balance 196,268,628.33 Record Date 11/30/2004 Principal And Interest Constant 1,097,843.19 Scheduled Principal 73,655.82 Unscheduled Principal 7,483,942.38 Scheduled Interest 1,024,187.37 Servicing Fees 51,351.16 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 603.45 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 972,232.76 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 12,044.00 Special Servicing Fee 0.00 Pass-Through Rate 5.723892
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