-----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, NYpJAMgfYHGzz9Z1nJO0MVDUotDQyZEUSGMGj6MTT1TGhetxffI8qHMY1/Z2kMiO gxblMvFB7VW8uxiucNoPEw== 0001056404-04-002978.txt : 20040903 0001056404-04-002978.hdr.sgml : 20040903 20040903143313 ACCESSION NUMBER: 0001056404-04-002978 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: 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: 041016504 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.txt AUGUST 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): August 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) 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 MORGAN STANLEY MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-2AR 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 2004-2AR 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. MORGAN STANLEY MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-2AR Trust (Registrant) 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: 9/3/2004 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 August 25, 2004 distribution. EX-99.1
Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 7/31/2004 Distribution Date: 8/25/2004 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 5.21756% 31,812,554.22 138,320.00 230,760.67 2-A 61748HAB7 SEN 4.12247% 139,922,020.74 480,686.97 2,193,428.49 3-A 61748HAC5 SEN 5.04527% 26,004,040.19 109,331.25 22,228.32 4-A 61748HAD3 SEN 4.84534% 185,865,585.99 750,484.66 3,743,057.21 A-R 61748HAH4 SEN 5.24777% 0.00 0.00 0.00 1-B 61748HAE1 SUB 4.64495% 8,155,248.80 31,567.24 4,882.68 2-B 61748HAF8 SUB 4.64495% 2,491,743.09 9,645.01 1,491.85 3-B 61748HAG6 SUB 4.64495% 1,585,382.76 6,136.68 949.19 4-B 61748HAJ0 SUB 4.64495% 1,359,041.95 5,260.56 813.68 5-B 61748HAK7 SUB 4.64495% 1,132,701.14 4,384.45 678.17 6-B 61748HAL5 SUB 4.64495% 680,168.09 2,632.79 407.23 Totals 399,008,486.97 1,538,449.61 6,198,697.49
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A 0.00 31,581,793.55 369,080.67 0.00 2-A 0.00 137,728,592.25 2,674,115.46 0.00 3-A 0.00 25,981,811.87 131,559.57 0.00 4-A 0.00 182,122,528.78 4,493,541.87 0.00 A-R 0.00 0.00 0.00 0.00 1-B 0.00 8,150,366.12 36,449.92 0.00 2-B 0.00 2,490,251.25 11,136.86 0.00 3-B 0.00 1,584,433.57 7,085.87 0.00 4-B 0.00 1,358,228.27 6,074.24 0.00 5-B 0.00 1,132,022.98 5,062.62 0.00 6-B 0.00 679,760.86 3,040.02 0.00 Totals 0.00 392,809,789.50 7,737,147.10 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 31,812,554.22 4,334.83 226,425.84 0.00 0.00 2-A 152,184,000.00 139,922,020.74 1,600.43 2,191,828.06 0.00 0.00 3-A 29,674,000.00 26,004,040.19 3,484.26 18,744.06 0.00 0.00 4-A 213,043,000.00 185,865,585.99 219,654.56 3,523,402.65 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 1-B 8,179,000.00 8,155,248.80 4,882.68 0.00 0.00 0.00 2-B 2,499,000.00 2,491,743.09 1,491.85 0.00 0.00 0.00 3-B 1,590,000.00 1,585,382.76 949.19 0.00 0.00 0.00 4-B 1,363,000.00 1,359,041.95 813.68 0.00 0.00 0.00 5-B 1,136,000.00 1,132,701.14 678.17 0.00 0.00 0.00 6-B 682,149.00 680,168.09 407.23 0.00 0.00 0.00 Totals 454,371,249.00 399,008,486.97 238,296.88 5,960,400.61 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 230,760.67 31,581,793.55 0.71742563 230,760.67 2-A 2,193,428.49 137,728,592.25 0.90501362 2,193,428.49 3-A 22,228.32 25,981,811.87 0.87557498 22,228.32 4-A 3,743,057.21 182,122,528.78 0.85486277 3,743,057.21 A-R 0.00 0.00 0.00000000 0.00 1-B 4,882.68 8,150,366.12 0.99649910 4,882.68 2-B 1,491.85 2,490,251.25 0.99649910 1,491.85 3-B 949.19 1,584,433.57 0.99649910 949.19 4-B 813.68 1,358,228.27 0.99649910 813.68 5-B 678.17 1,132,022.98 0.99649910 678.17 6-B 407.23 679,760.86 0.99649909 407.23 Totals 6,198,697.49 392,809,789.50 0.86451286 6,198,697.49
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A 44,021,000.00 722.66768633 0.09847187 5.14358692 0.00000000 2-A 152,184,000.00 919.42662001 0.01051641 14.40248686 0.00000000 3-A 29,674,000.00 876.32406113 0.11741794 0.63166611 0.00000000 4-A 213,043,000.00 872.43226011 1.03103392 16.53845773 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 1-B 8,179,000.00 997.09607531 0.59697763 0.00000000 0.00000000 2-B 2,499,000.00 997.09607443 0.59697879 0.00000000 0.00000000 3-B 1,590,000.00 997.09607547 0.59697484 0.00000000 0.00000000 4-B 1,363,000.00 997.09607483 0.59697726 0.00000000 0.00000000 5-B 1,136,000.00 997.09607394 0.59698063 0.00000000 0.00000000 6-B 682,149.00 997.09607432 0.59698101 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 5.24205879 717.42562754 0.71742563 5.24205879 2-A 0.00000000 14.41300327 905.01361674 0.90501362 14.41300327 3-A 0.00000000 0.74908405 875.57497708 0.87557498 0.74908405 4-A 0.00000000 17.56949165 854.86276846 0.85486277 17.56949165 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B 0.00000000 0.59697763 996.49909769 0.99649910 0.59697763 2-B 0.00000000 0.59697879 996.49909964 0.99649910 0.59697879 3-B 0.00000000 0.59697484 996.49910063 0.99649910 0.59697484 4-B 0.00000000 0.59697726 996.49909758 0.99649910 0.59697726 5-B 0.00000000 0.59698063 996.49910211 0.99649910 0.59698063 6-B 0.00000000 0.59698101 996.49909331 0.99649909 0.59698101 (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 5.21756% 31,812,554.22 138,320.00 0.00 0.00 2-A 152,184,000.00 4.12247% 139,922,020.74 480,686.97 0.00 0.00 3-A 29,674,000.00 5.04527% 26,004,040.19 109,331.25 0.00 0.00 4-A 213,043,000.00 4.84534% 185,865,585.99 750,484.65 0.00 0.00 A-R 100.00 5.24777% 0.00 0.00 0.00 0.00 1-B 8,179,000.00 4.64495% 8,155,248.80 31,567.24 0.00 0.00 2-B 2,499,000.00 4.64495% 2,491,743.09 9,645.01 0.00 0.00 3-B 1,590,000.00 4.64495% 1,585,382.76 6,136.68 0.00 0.00 4-B 1,363,000.00 4.64495% 1,359,041.95 5,260.56 0.00 0.00 5-B 1,136,000.00 4.64495% 1,132,701.14 4,384.45 0.00 0.00 6-B 682,149.00 4.64495% 680,168.09 2,632.79 0.00 0.00 Totals 454,371,249.00 1,538,449.60 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 0.00 138,320.00 0.00 31,581,793.55 2-A 0.00 0.00 480,686.97 0.00 137,728,592.25 3-A 0.00 0.00 109,331.25 0.00 25,981,811.87 4-A 0.00 0.00 750,484.66 0.00 182,122,528.78 A-R 0.00 0.00 0.00 0.00 0.00 1-B 0.00 0.00 31,567.24 0.00 8,150,366.12 2-B 0.00 0.00 9,645.01 0.00 2,490,251.25 3-B 0.00 0.00 6,136.68 0.00 1,584,433.57 4-B 0.00 0.00 5,260.56 0.00 1,358,228.27 5-B 0.00 0.00 4,384.45 0.00 1,132,022.98 6-B 0.00 0.00 2,632.79 0.00 679,760.86 Totals 0.00 0.00 1,538,449.61 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 5.21756% 722.66768633 3.14213671 0.00000000 0.00000000 2-A 152,184,000.00 4.12247% 919.42662001 3.15859072 0.00000000 0.00000000 3-A 29,674,000.00 5.04527% 876.32406113 3.68441228 0.00000000 0.00000000 4-A 213,043,000.00 4.84534% 872.43226011 3.52269096 0.00000000 0.00000000 A-R 100.00 5.24777% 0.00000000 0.00000000 0.00000000 0.00000000 1-B 8,179,000.00 4.64495% 997.09607531 3.85954762 0.00000000 0.00000000 2-B 2,499,000.00 4.64495% 997.09607443 3.85954782 0.00000000 0.00000000 3-B 1,590,000.00 4.64495% 997.09607547 3.85954717 0.00000000 0.00000000 4-B 1,363,000.00 4.64495% 997.09607483 3.85954512 0.00000000 0.00000000 5-B 1,136,000.00 4.64495% 997.09607394 3.85955106 0.00000000 0.00000000 6-B 682,149.00 4.64495% 997.09607432 3.85955268 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 3.14213671 0.00000000 717.42562754 2-A 0.00000000 0.00000000 3.15859072 0.00000000 905.01361674 3-A 0.00000000 0.00000000 3.68441228 0.00000000 875.57497708 4-A 0.00000000 0.00000000 3.52269101 0.00000000 854.86276846 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B 0.00000000 0.00000000 3.85954762 0.00000000 996.49909769 2-B 0.00000000 0.00000000 3.85954782 0.00000000 996.49909964 3-B 0.00000000 0.00000000 3.85954717 0.00000000 996.49910063 4-B 0.00000000 0.00000000 3.85954512 0.00000000 996.49909758 5-B 0.00000000 0.00000000 3.85955106 0.00000000 996.49910211 6-B 0.00000000 0.00000000 3.85955268 0.00000000 996.49909331 (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 7,870,109.14 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 7,870,109.14 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 132,962.04 Payment of Interest and Principal 7,737,147.10 Total Withdrawals (Pool Distribution Amount) 7,870,109.14 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 131,458.43 Master Servicing Fee 1,503.61 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 132,962.04
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 7 0 0 0 7 1,400,068.61 0.00 0.00 0.00 1,400,068.61 60 Days 2 0 0 0 2 512,000.01 0.00 0.00 0.00 512,000.01 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 9 0 0 0 9 1,912,068.62 0.00 0.00 0.00 1,912,068.62 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 0.807382% 0.000000% 0.000000% 0.000000% 0.807382% 0.356269% 0.000000% 0.000000% 0.000000% 0.356269% 60 Days 0.230681% 0.000000% 0.000000% 0.000000% 0.230681% 0.130286% 0.000000% 0.000000% 0.000000% 0.130286% 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 1.038062% 0.000000% 0.000000% 0.000000% 1.038062% 0.486555% 0.000000% 0.000000% 0.000000% 0.486555%
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 4 0 0 0 4 914,507.54 0.00 0.00 0.00 914,507.54 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 4 0 0 0 4 914,507.54 0.00 0.00 0.00 914,507.54 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.361345% 0.000000% 0.000000% 0.000000% 3.361345% 2.760033% 0.000000% 0.000000% 0.000000% 2.760033% 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 3.361345% 0.000000% 0.000000% 0.000000% 3.361345% 2.760033% 0.000000% 0.000000% 0.000000% 2.760033% 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 2 0 0 0 2 439,961.07 0.00 0.00 0.00 439,961.07 60 Days 1 0 0 0 1 392,000.01 0.00 0.00 0.00 392,000.01 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 3 831,961.08 0.00 0.00 0.00 831,961.08 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.573066% 0.000000% 0.000000% 0.000000% 0.573066% 0.307479% 0.000000% 0.000000% 0.000000% 0.307479% 60 Days 0.286533% 0.000000% 0.000000% 0.000000% 0.286533% 0.273960% 0.000000% 0.000000% 0.000000% 0.273960% 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 0.859599% 0.000000% 0.000000% 0.000000% 0.859599% 0.581439% 0.000000% 0.000000% 0.000000% 0.581439% 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 1 0 0 0 1 120,000.00 0.00 0.00 0.00 120,000.00 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 1 120,000.00 0.00 0.00 0.00 120,000.00 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 1.492537% 0.000000% 0.000000% 0.000000% 1.492537% 0.443983% 0.000000% 0.000000% 0.000000% 0.443983% 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 1.492537% 0.000000% 0.000000% 0.000000% 1.492537% 0.443983% 0.000000% 0.000000% 0.000000% 0.443983% 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 1 0 0 0 1 45,600.00 0.00 0.00 0.00 45,600.00 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 45,600.00 0.00 0.00 0.00 45,600.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.301205% 0.000000% 0.000000% 0.000000% 0.301205% 0.024034% 0.000000% 0.000000% 0.000000% 0.024034% 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 0.301205% 0.000000% 0.000000% 0.000000% 0.301205% 0.024034% 0.000000% 0.000000% 0.000000% 0.024034%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8,717.98
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02200843% 100,000.00 0.02545761% Fraud 13,631,137.00 2.99999990% 13,631,137.00 3.47016224% Special Hazard 4,543,712.00 0.99999989% 4,000,000.00 1.01830456% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.026695% Weighted Average Net Coupon 4.631340% Weighted Average Pass-Through Rate 4.626818% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 881 Number Of Loans Paid In Full 14 Ending Scheduled Collateral Loan Count 867 Beginning Scheduled Collateral Balance 399,008,486.97 Ending Scheduled Collateral Balance 392,809,789.50 Ending Actual Collateral Balance at 31-Jul-2004 392,980,825.96 Monthly P &I Constant 1,909,708.52 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 392,809,789.59 Scheduled Principal 238,296.87 Unscheduled Principal 5,960,400.61
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 5.467563 4.613811 5.309402 Weighted Average Net Rate 5.217563 4.122470 5.045274 Weighted Average Maturity 350 350 347 Beginning Loan Count 120 356 67 Loans Paid In Full 1 7 0 Ending Loan Count 119 349 67 Beginning Scheduled Balance 33,361,175.40 145,278,515.62 27,047,890.34 Ending scheduled Balance 33,130,203.71 143,085,025.86 27,025,522.16 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 156,549.45 560,234.67 123,297.55 Scheduled Principal 4,545.85 1,661.70 3,624.12 Unscheduled Principal 226,425.84 2,191,828.06 18,744.06 Scheduled Interest 152,003.60 558,572.97 119,673.43 Servicing Fees 6,950.24 59,484.34 5,953.42 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 145,053.36 499,088.63 113,720.01 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 5.217563 4.122470 5.045274
Group Level Collateral Statement Group Loan Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.221339 5.026695 Weighted Average Net Rate 4.854671 4.631340 Weighted Average Maturity 349 350 Beginning Loan Count 338 881 Loans Paid In Full 6 14 Ending Loan Count 332 867 Beginning Scheduled Balance 193,320,905.71 399,008,487.07 Ending scheduled Balance 189,569,037.86 392,809,789.59 Record Date 07/31/2004 07/31/2004 Principal And Interest Constant 1,069,626.85 1,909,708.52 Scheduled Principal 228,465.20 238,296.87 Unscheduled Principal 3,523,402.65 5,960,400.61 Scheduled Interest 841,161.65 1,671,411.65 Servicing Fees 59,070.43 131,458.43 Master Servicing Fees 1,503.61 1,503.61 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 780,587.61 1,538,449.61 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 4.845338 4.626818
Miscellaneous Reporting Group Loan Group 1 Senior Percentage 95.358014% Subordinate Percentage 4.641986% Senior Prepayment Percentage 100.000000% Group Loan Group 2 Senior Percentage 96.312948% Subordinate Percentage 3.687052% Senior Prepayment Percentage 100.000000% Group Loan Group 3 Senior Percentage 96.140734% Subordinate Percentage 3.859266% Senior Prepayment Percentage 100.000000%
Miscellaneous Reporting Group Loan Group 4 Senior Percentage 96.143552% Subordinate Percentage 3.856448% Senior Prepayment Percentage 100.000000%
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