-----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, JbbkaJx7uXRp1i36RKGp7GMMN0RdqBz+slkCbaZB9bEDOKyjZXExnKVmOpIzI2yD CX3wKczM4o40hDv1WVpfJg== 0001056404-04-001397.txt : 20040408 0001056404-04-001397.hdr.sgml : 20040408 20040408152539 ACCESSION NUMBER: 0001056404-04-001397 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040325 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY DEAN WITTER CAPITAL I INC SERIES 2004-2AR CENTRAL INDEX KEY: 0001282142 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: 333-104283-07 FILM NUMBER: 04724828 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY STREET 2: 2ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 MAIL ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 8-K 1 msm042ar_march.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 MORGAN STANLEY MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-2AR Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104283-07 54-2144778 Pooling and Servicing Agreement) (Commission 54-2144779 (State or other File Number) 54-2144780 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 MORGAN STANLEY MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-2AR 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 2004-2AR 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. MORGAN STANLEY MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-2AR Trust By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 4/6/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2AR Trust, relating to the March 25, 2004 distribution. EX-99.1
Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 2/29/04 Distribution Date: 3/25/04 MSML Series: 2004-2AR 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-A 61748HAA9 SEN 5.24757% 44,021,000.00 192,502.56 545,028.42 2-A 61748HAB7 SEN 4.13271% 152,184,000.00 524,110.25 527,921.96 3-A 61748HAC5 SEN 5.13376% 29,674,000.00 126,949.31 44,354.90 4-A 61748HAD3 SEN 4.87523% 213,043,000.00 865,528.81 1,956,147.27 A-R 61748HAH4 SEN 5.24757% 100.00 0.44 100.00 1-B 61748HAE1 SUB 4.67259% 8,179,000.00 31,847.62 4,668.26 2-B 61748HAF8 SUB 4.67259% 2,499,000.00 9,730.68 1,426.33 3-B 61748HAG6 SUB 4.67259% 1,590,000.00 6,191.19 907.51 4-B 61748HAJ0 SUB 4.67259% 1,363,000.00 5,307.29 777.95 5-B 61748HAK7 SUB 4.67259% 1,136,000.00 4,423.39 648.39 6-B 61748HAL5 SUB 4.67259% 682,149.00 2,656.17 389.34 Totals 454,371,249.00 1,769,247.71 3,082,370.33
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A 0.00 43,475,971.58 737,530.98 0.00 2-A 0.00 151,656,078.04 1,052,032.21 0.00 3-A 0.00 29,629,645.10 171,304.21 0.00 4-A 0.00 211,086,852.73 2,821,676.08 0.00 A-R 0.00 0.00 100.44 0.00 1-B 0.00 8,174,331.74 36,515.88 0.00 2-B 0.00 2,497,573.67 11,157.01 0.00 3-B 0.00 1,589,092.49 7,098.70 0.00 4-B 0.00 1,362,222.05 6,085.24 0.00 5-B 0.00 1,135,351.61 5,071.78 0.00 6-B 0.00 681,759.66 3,045.51 0.00 Totals 0.00 451,288,878.67 4,851,618.04 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-A 44,021,000.00 44,021,000.00 5,092.36 539,936.05 0.00 0.00 2-A 152,184,000.00 152,184,000.00 2,057.06 525,864.90 0.00 0.00 3-A 29,674,000.00 29,674,000.00 3,416.73 40,938.17 0.00 0.00 4-A 213,043,000.00 213,043,000.00 239,963.48 1,716,183.79 0.00 0.00 A-R 100.00 100.00 0.93 99.07 0.00 0.00 1-B 8,179,000.00 8,179,000.00 4,668.26 0.00 0.00 0.00 2-B 2,499,000.00 2,499,000.00 1,426.33 0.00 0.00 0.00 3-B 1,590,000.00 1,590,000.00 907.51 0.00 0.00 0.00 4-B 1,363,000.00 1,363,000.00 777.95 0.00 0.00 0.00 5-B 1,136,000.00 1,136,000.00 648.39 0.00 0.00 0.00 6-B 682,149.00 682,149.00 389.34 0.00 0.00 0.00 Totals 454,371,249.00 454,371,249.00 259,348.34 2,823,021.98 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-A 545,028.42 43,475,971.58 0.98761890 545,028.42 2-A 527,921.96 151,656,078.04 0.99653103 527,921.96 3-A 44,354.90 29,629,645.10 0.99850526 44,354.90 4-A 1,956,147.27 211,086,852.73 0.99081806 1,956,147.27 A-R 100.00 0.00 0.00000000 100.00 1-B 4,668.26 8,174,331.74 0.99942924 4,668.26 2-B 1,426.33 2,497,573.67 0.99942924 1,426.33 3-B 907.51 1,589,092.49 0.99942924 907.51 4-B 777.95 1,362,222.05 0.99942924 777.95 5-B 648.39 1,135,351.61 0.99942923 648.39 6-B 389.34 681,759.66 0.99942924 389.34 Totals 3,082,370.33 451,288,878.67 0.99321619 3,082,370.33
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A 44,021,000.00 1000.00000000 0.11568024 12.26541991 0.00000000 2-A 152,184,000.00 1000.00000000 0.01351693 3.45545458 0.00000000 3-A 29,674,000.00 1000.00000000 0.11514221 1.37959729 0.00000000 4-A 213,043,000.00 1000.00000000 1.12636172 8.05557465 0.00000000 A-R 100.00 1000.00000000 9.30000000 990.70000000 0.00000000 1-B 8,179,000.00 1000.00000000 0.57076171 0.00000000 0.00000000 2-B 2,499,000.00 1000.00000000 0.57076030 0.00000000 0.00000000 3-B 1,590,000.00 1000.00000000 0.57076101 0.00000000 0.00000000 4-B 1,363,000.00 1000.00000000 0.57076302 0.00000000 0.00000000 5-B 1,136,000.00 1000.00000000 0.57076585 0.00000000 0.00000000 6-B 682,149.00 1000.00000000 0.57075507 0.00000000 0.00000000 (2) All Classes are Per $1000 Denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A 0.00000000 12.38110038 987.61889962 0.98761890 12.38110038 2-A 0.00000000 3.46897151 996.53102849 0.99653103 3.46897151 3-A 0.00000000 1.49473950 998.50526050 0.99850526 1.49473950 4-A 0.00000000 9.18193637 990.81806363 0.99081806 9.18193637 A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1-B 0.00000000 0.57076171 999.42923829 0.99942924 0.57076171 2-B 0.00000000 0.57076030 999.42923970 0.99942924 0.57076030 3-B 0.00000000 0.57076101 999.42923899 0.99942924 0.57076101 4-B 0.00000000 0.57076302 999.42923698 0.99942924 0.57076302 5-B 0.00000000 0.57076585 999.42923415 0.99942923 0.57076585 6-B 0.00000000 0.57075507 999.42924493 0.99942924 0.57075507 (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-A 44,021,000.00 5.24757% 44,021,000.00 192,502.56 0.00 0.00 2-A 152,184,000.00 4.13271% 152,184,000.00 524,110.25 0.00 0.00 3-A 29,674,000.00 5.13376% 29,674,000.00 126,949.31 0.00 0.00 4-A 213,043,000.00 4.87523% 213,043,000.00 865,528.81 0.00 0.00 A-R 100.00 5.24757% 100.00 0.44 0.00 0.00 1-B 8,179,000.00 4.67259% 8,179,000.00 31,847.62 0.00 0.00 2-B 2,499,000.00 4.67259% 2,499,000.00 9,730.68 0.00 0.00 3-B 1,590,000.00 4.67259% 1,590,000.00 6,191.19 0.00 0.00 4-B 1,363,000.00 4.67259% 1,363,000.00 5,307.29 0.00 0.00 5-B 1,136,000.00 4.67259% 1,136,000.00 4,423.39 0.00 0.00 6-B 682,149.00 4.67259% 682,149.00 2,656.17 0.00 0.00 Totals 454,371,249.00 1,769,247.71 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-A 0.00 0.00 192,502.56 0.00 43,475,971.58 2-A 0.00 0.00 524,110.25 0.00 151,656,078.04 3-A 0.00 0.00 126,949.31 0.00 29,629,645.10 4-A 0.00 0.00 865,528.81 0.00 211,086,852.73 A-R 0.00 0.00 0.44 0.00 0.00 1-B 0.00 0.00 31,847.62 0.00 8,174,331.74 2-B 0.00 0.00 9,730.68 0.00 2,497,573.67 3-B 0.00 0.00 6,191.19 0.00 1,589,092.49 4-B 0.00 0.00 5,307.29 0.00 1,362,222.05 5-B 0.00 0.00 4,423.39 0.00 1,135,351.61 6-B 0.00 0.00 2,656.17 0.00 681,759.66 Totals 0.00 0.00 1,769,247.71 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-A 44,021,000.00 5.24757% 1000.00000000 4.37297108 0.00000000 0.00000000 2-A 152,184,000.00 4.13271% 1000.00000000 3.44392479 0.00000000 0.00000000 3-A 29,674,000.00 5.13376% 1000.00000000 4.27813271 0.00000000 0.00000000 4-A 213,043,000.00 4.87523% 1000.00000000 4.06269537 0.00000000 0.00000000 A-R 100.00 5.24757% 1000.00000000 4.40000000 0.00000000 0.00000000 1-B 8,179,000.00 4.67259% 1000.00000000 3.89382810 0.00000000 0.00000000 2-B 2,499,000.00 4.67259% 1000.00000000 3.89382953 0.00000000 0.00000000 3-B 1,590,000.00 4.67259% 1000.00000000 3.89383019 0.00000000 0.00000000 4-B 1,363,000.00 4.67259% 1000.00000000 3.89382979 0.00000000 0.00000000 5-B 1,136,000.00 4.67259% 1000.00000000 3.89382923 0.00000000 0.00000000 6-B 682,149.00 4.67259% 1000.00000000 3.89382672 0.00000000 0.00000000 (5) All Classes are Per $1000 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-A 0.00000000 0.00000000 4.37297108 0.00000000 987.61889962 2-A 0.00000000 0.00000000 3.44392479 0.00000000 996.53102849 3-A 0.00000000 0.00000000 4.27813271 0.00000000 998.50526050 4-A 0.00000000 0.00000000 4.06269537 0.00000000 990.81806363 A-R 0.00000000 0.00000000 4.40000000 0.00000000 0.00000000 1-B 0.00000000 0.00000000 3.89382810 0.00000000 999.42923829 2-B 0.00000000 0.00000000 3.89382953 0.00000000 999.42923970 3-B 0.00000000 0.00000000 3.89383019 0.00000000 999.42923899 4-B 0.00000000 0.00000000 3.89382979 0.00000000 999.42923698 5-B 0.00000000 0.00000000 3.89382923 0.00000000 999.42923415 6-B 0.00000000 0.00000000 3.89382672 0.00000000 999.42924493 (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 5,001,593.25 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5,001,593.25 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 149,975.21 Payment of Interest and Principal 4,851,618.04 Total Withdrawals (Pool Distribution Amount) 5,001,593.25 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 148,249.97 Master Servicing Fee 1,725.24 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 149,975.21
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 2 0 0 0 2 1,380,388.63 0.00 0.00 0.00 1,380,388.63 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 1,380,388.63 0.00 0.00 0.00 1,380,388.63 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 0.205973% 0.000000% 0.000000% 0.000000% 0.205973% 0.305737% 0.000000% 0.000000% 0.000000% 0.305737% 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 0.205973% 0.000000% 0.000000% 0.000000% 0.205973% 0.305737% 0.000000% 0.000000% 0.000000% 0.305737%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Loan 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Loan 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Loan 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Loan Group 4 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 1,380,388.63 0.00 0.00 0.00 1,380,388.63 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 1,380,388.63 0.00 0.00 0.00 1,380,388.63 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.529101% 0.000000% 0.000000% 0.000000% 0.529101% 0.630961% 0.000000% 0.000000% 0.000000% 0.630961% 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 0.529101% 0.000000% 0.000000% 0.000000% 0.529101% 0.630961% 0.000000% 0.000000% 0.000000% 0.630961%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7,530.54
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02200843% 100,000.00 0.02215876% Fraud 13,631,137.00 2.99999990% 13,631,137.00 3.02049034% Special Hazard 4,543,712.00 0.99999989% 4,543,712.00 1.00683004% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.068691% Weighted Average Net Coupon 4.677161% Weighted Average Pass-Through Rate 4.672605% Weighted Average Maturity(Stepdown Calculation ) 355 Beginning Scheduled Collateral Loan Count 975 Number Of Loans Paid In Full 4 Ending Scheduled Collateral Loan Count 971 Beginning Scheduled Collateral Balance 454,371,249.00 Ending Scheduled Collateral Balance 451,288,878.76 Ending Actual Collateral Balance at 29-Feb-2004 451,495,893.18 Monthly P &I Constant 2,178,571.28 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 451,288,878.76 Scheduled Principal 259,348.36 Unscheduled Principal 2,823,021.98
Group Level Collateral Statement Group Loan Group 1 Loan Group 2 Loan Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.497565 4.624196 5.396278 Weighted Average Net Rate 5.247565 4.132710 5.133759 Weighted Average Maturity 355 355 352 Beginning Loan Count 144 378 73 Loans Paid In Full 1 1 0 Ending Loan Count 143 377 73 Beginning Scheduled Balance 45,570,621.00 157,540,821.00 30,718,471.00 Ending scheduled Balance 45,025,312.96 157,012,826.67 30,673,995.75 Record Date 02/29/2004 02/29/2004 02/29/2004 Principal And Interest Constant 214,045.47 609,212.50 141,674.82 Scheduled Principal 5,272.58 2,129.47 3,536.99 Unscheduled Principal 540,035.12 525,864.90 40,938.17 Scheduled Interest 208,772.89 607,083.03 138,137.83 Servicing Fees 9,493.88 64,524.29 6,720.14 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 0.00 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 199,279.01 542,558.74 131,417.69 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 5.247565 4.132710 5.133759
Group Level Collateral Statement Group Loan Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.251963 5.068691 Weighted Average Net Rate 4.884622 4.677161 Weighted Average Maturity 354 355 Beginning Loan Count 380 975 Loans Paid In Full 2 4 Ending Loan Count 378 971 Beginning Scheduled Balance 220,541,336.00 454,371,249.00 Ending scheduled Balance 218,576,743.38 451,288,878.76 Record Date 02/29/2004 02/29/2004 Principal And Interest Constant 1,213,638.49 2,178,571.28 Scheduled Principal 248,409.32 259,348.36 Unscheduled Principal 1,716,183.79 2,823,021.98 Scheduled Interest 965,229.17 1,919,222.92 Servicing Fees 67,511.66 148,249.97 Master Servicing Fees 1,725.24 1,725.24 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 895,992.27 1,769,247.71 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 4.875234 4.672605
Miscellaneous Reporting Group Loan Group 1 Senior Percentage 96.599738% Subordinate Percentage 3.400262% Senior Prepayment Percentage 100.000000% Group Loan Group 2 Senior Percentage 96.599725% Subordinate Percentage 3.400275% Senior Prepayment Percentage 100.000000% Group Loan Group 3 Senior Percentage 96.599860% Subordinate Percentage 3.400140% Senior Prepayment Percentage 100.000000%
Miscellaneous Reporting Group Loan Group 4 Senior Percentage 96.600031% Subordinate Percentage 3.399969% Senior Prepayment Percentage 100.000000%
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