-----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, M17SZniFGu/iZF2pmELJ0bTfZENs12/nmFC+3aRCGWh/1dXUJ23pUPBP3T2b9UgA z/yPBJMCsApmW8KfJJKe2Q== 0001056404-04-003141.txt : 20040928 0001056404-04-003141.hdr.sgml : 20040928 20040928161827 ACCESSION NUMBER: 0001056404-04-003141 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040927 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040928 DATE AS OF CHANGE: 20040928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOME EQUITY LOAN TRUST SERIES 2004-HS1 CENTRAL INDEX KEY: 0001282229 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 562088493 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-110039-04 FILM NUMBER: 041050131 BUSINESS ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 MAIL ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: STE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 8-K 1 ace04hs1_sep.txt SEPTEMBER 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): September 27, 2004 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-HS1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110039-04 54-2144731 Pooling and Servicing Agreement) (Commission 54-2144732 (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 September 27, 2004 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2004-HS1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-HS1 Trust, relating to the September 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-HS1 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: 9/28/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-HS1 Trust, relating to the September 27, 2004 distribution. EX-99.1
ACE Securities Corporation Home Equity Loan Trust Asset Backed Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/27/2004 ACE Series: 2004-HS1 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 A-1 004421DX8 SEN 1.87500% 247,272,529.52 424,999.68 10,609,876.67 A-2 004421DY6 SEN 1.90500% 36,100,413.84 63,040.35 1,914,989.86 A-3 004421DZ3 SEN 2.01500% 33,548,000.00 61,965.95 0.00 M-1 004421EA7 MEZ 2.16500% 25,800,000.00 51,202.25 0.00 M-2 004421EB5 MEZ 2.81500% 21,313,000.00 54,996.42 0.00 M-3 004421EC3 MEZ 3.11500% 6,730,000.00 19,216.95 0.00 M-4 004421ED1 MEZ 3.31500% 5,609,000.00 17,044.35 0.00 M-5 004421EE9 MEZ 3.61500% 5,609,000.00 18,586.82 0.00 M-6 004421EF6 MEZ 5.11500% 4,487,000.00 21,038.42 0.00 CE 111282976 JUN 0.00000% 2,243,498.28 1,444,828.57 0.00 P 111282984 SEN 0.00000% 100.00 169,939.87 0.00 R-1 111282992 SEN 0.00000% 0.00 0.00 0.00 R-2 ACE0401R2 SEN 0.00000% 0.00 0.00 0.00 Totals 388,712,541.64 2,346,859.63 12,524,866.53
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 236,662,652.86 11,034,876.35 0.00 A-2 0.00 34,185,423.98 1,978,030.21 0.00 A-3 0.00 33,548,000.00 61,965.95 0.00 M-1 0.00 25,800,000.00 51,202.25 0.00 M-2 0.00 21,313,000.00 54,996.42 0.00 M-3 0.00 6,730,000.00 19,216.95 0.00 M-4 0.00 5,609,000.00 17,044.35 0.00 M-5 0.00 5,609,000.00 18,586.82 0.00 M-6 0.00 4,487,000.00 21,038.42 0.00 CE 0.00 2,243,498.28 1,444,828.57 0.00 P 0.00 100.00 169,939.87 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 Totals 0.00 376,187,675.12 14,871,726.16 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 301,934,000.00 247,272,529.52 0.00 10,609,876.67 0.00 0.00 A-2 41,426,000.00 36,100,413.84 0.00 1,914,989.86 0.00 0.00 A-3 33,548,000.00 33,548,000.00 0.00 0.00 0.00 0.00 M-1 25,800,000.00 25,800,000.00 0.00 0.00 0.00 0.00 M-2 21,313,000.00 21,313,000.00 0.00 0.00 0.00 0.00 M-3 6,730,000.00 6,730,000.00 0.00 0.00 0.00 0.00 M-4 5,609,000.00 5,609,000.00 0.00 0.00 0.00 0.00 M-5 5,609,000.00 5,609,000.00 0.00 0.00 0.00 0.00 M-6 4,487,000.00 4,487,000.00 0.00 0.00 0.00 0.00 CE 2,243,556.24 2,243,498.28 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 Totals 448,699,656.24 388,712,541.64 0.00 12,524,866.53 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 A-1 10,609,876.67 236,662,652.86 0.78382247 10,609,876.67 A-2 1,914,989.86 34,185,423.98 0.82521663 1,914,989.86 A-3 0.00 33,548,000.00 1.00000000 0.00 M-1 0.00 25,800,000.00 1.00000000 0.00 M-2 0.00 21,313,000.00 1.00000000 0.00 M-3 0.00 6,730,000.00 1.00000000 0.00 M-4 0.00 5,609,000.00 1.00000000 0.00 M-5 0.00 5,609,000.00 1.00000000 0.00 M-6 0.00 4,487,000.00 1.00000000 0.00 CE 0.00 2,243,498.28 0.99997417 0.00 P 0.00 100.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 Totals 12,524,866.53 376,187,675.12 0.83839528 12,524,866.53
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 301,934,000.00 818.96218882 0.00000000 35.13972150 0.00000000 A-2 41,426,000.00 871.44338918 0.00000000 46.22676242 0.00000000 A-3 33,548,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 25,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 21,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 6,730,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 5,609,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 5,609,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 4,487,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 2,243,556.24 999.97416601 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 A-1 0.00000000 35.13972150 783.82246736 0.78382247 35.13972150 A-2 0.00000000 46.22676242 825.21662676 0.82521663 46.22676242 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.97416601 0.99997417 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 A-1 301,934,000.00 1.87500% 247,272,529.52 424,999.66 0.00 0.00 A-2 41,426,000.00 1.90500% 36,100,413.84 63,040.35 0.00 0.00 A-3 33,548,000.00 2.01500% 33,548,000.00 61,965.95 0.00 0.00 M-1 25,800,000.00 2.16500% 25,800,000.00 51,202.25 0.00 0.00 M-2 21,313,000.00 2.81500% 21,313,000.00 54,996.42 0.00 0.00 M-3 6,730,000.00 3.11500% 6,730,000.00 19,216.95 0.00 0.00 M-4 5,609,000.00 3.31500% 5,609,000.00 17,044.35 0.00 0.00 M-5 5,609,000.00 3.61500% 5,609,000.00 18,586.82 0.00 0.00 M-6 4,487,000.00 5.11500% 4,487,000.00 21,038.42 0.00 0.00 CE 2,243,556.24 0.00000% 2,243,498.28 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 448,699,656.24 732,091.17 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 A-1 (0.02) 0.00 424,999.68 0.00 236,662,652.86 A-2 0.00 0.00 63,040.35 0.00 34,185,423.98 A-3 0.00 0.00 61,965.95 0.00 33,548,000.00 M-1 0.00 0.00 51,202.25 0.00 25,800,000.00 M-2 0.00 0.00 54,996.42 0.00 21,313,000.00 M-3 0.00 0.00 19,216.95 0.00 6,730,000.00 M-4 0.00 0.00 17,044.35 0.00 5,609,000.00 M-5 0.00 0.00 18,586.82 0.00 5,609,000.00 M-6 0.00 0.00 21,038.42 0.00 4,487,000.00 CE 0.00 0.00 1,444,828.57 0.00 2,243,498.28 P 0.00 0.00 169,939.87 0.00 100.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 Totals (0.02) 0.00 2,346,859.63 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 A-1 301,934,000.00 1.87500% 818.96218882 1.40759126 0.00000000 0.00000000 A-2 41,426,000.00 1.90500% 871.44338918 1.52175807 0.00000000 0.00000000 A-3 33,548,000.00 2.01500% 1000.00000000 1.84708328 0.00000000 0.00000000 M-1 25,800,000.00 2.16500% 1000.00000000 1.98458333 0.00000000 0.00000000 M-2 21,313,000.00 2.81500% 1000.00000000 2.58041665 0.00000000 0.00000000 M-3 6,730,000.00 3.11500% 1000.00000000 2.85541605 0.00000000 0.00000000 M-4 5,609,000.00 3.31500% 1000.00000000 3.03875022 0.00000000 0.00000000 M-5 5,609,000.00 3.61500% 1000.00000000 3.31374933 0.00000000 0.00000000 M-6 4,487,000.00 5.11500% 1000.00000000 4.68874972 0.00000000 0.00000000 CE 2,243,556.24 0.00000% 999.97416601 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 A-1 (0.00000007) 0.00000000 1.40759133 0.00000000 783.82246736 A-2 0.00000000 0.00000000 1.52175807 0.00000000 825.21662676 A-3 0.00000000 0.00000000 1.84708328 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.98458333 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.58041665 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.85541605 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.03875022 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.31374933 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.68874972 0.00000000 1000.00000000 CE 0.00000000 0.00000000 643.99035078 0.00000000 999.97416601 P 0.00000000 0.00000000 1699398.70000000 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 14,915,578.43 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 183,421.08 Realized Loss (Gains, Subsequent Expenses & Recoveries) (23,772.87) Prepayment Penalties 169,939.87 Total Deposits 15,245,166.51 Withdrawals Reimbursement for Servicer Advances 146,441.48 Payment of Service Fee 226,998.87 Payment of Interest and Principal 14,871,726.16 Total Withdrawals (Pool Distribution Amount) 15,245,166.51 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 0.00 Credit Risk Manager Fee - The Murrayhill Company 4,858.94 Master Servicing Fee - Wells Fargo 4,858.94 MGIC 217,280.99 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 226,998.87
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 11 0 0 11 1,070,548.49 0.00 0.00 1,070,548.49 30 Days 71 0 0 0 71 10,405,810.46 0.00 0.00 0.00 10,405,810.46 60 Days 19 2 14 0 35 2,913,848.57 223,973.80 2,175,573.47 0.00 5,313,395.84 90 Days 1 3 10 2 16 174,777.54 592,538.73 1,245,034.19 293,734.10 2,306,084.56 120 Days 0 5 13 5 23 0.00 720,126.46 1,760,987.68 394,462.15 2,875,576.29 150 Days 3 4 5 3 15 303,909.44 409,465.18 467,732.50 185,643.17 1,366,750.29 180+ Days 3 4 10 6 23 245,020.12 478,774.58 1,341,269.09 778,723.72 2,843,787.51 Totals 97 29 52 16 194 14,043,366.13 3,495,427.24 6,990,596.93 1,652,563.14 26,181,953.44 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 0.383275% 0.000000% 0.000000% 0.383275% 0.284424% 0.000000% 0.000000% 0.284424% 30 Days 2.473868% 0.000000% 0.000000% 0.000000% 2.473868% 2.764625% 0.000000% 0.000000% 0.000000% 2.764625% 60 Days 0.662021% 0.069686% 0.487805% 0.000000% 1.219512% 0.774154% 0.059506% 0.578008% 0.000000% 1.411668% 90 Days 0.034843% 0.104530% 0.348432% 0.069686% 0.557491% 0.046435% 0.157426% 0.330782% 0.078040% 0.612683% 120 Days 0.000000% 0.174216% 0.452962% 0.174216% 0.801394% 0.000000% 0.191324% 0.467861% 0.104801% 0.763986% 150 Days 0.104530% 0.139373% 0.174216% 0.104530% 0.522648% 0.080743% 0.108787% 0.124268% 0.049322% 0.363119% 180+ Days 0.104530% 0.139373% 0.348432% 0.209059% 0.801394% 0.065097% 0.127201% 0.356350% 0.206892% 0.755540% Totals 3.379791% 1.010453% 1.811847% 0.557491% 6.759582% 3.731054% 0.928668% 1.857268% 0.439054% 6.956044%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I, Sub Grp I 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 3 0 0 3 285,388.64 0.00 0.00 285,388.64 30 Days 16 0 0 0 16 1,947,534.65 0.00 0.00 0.00 1,947,534.65 60 Days 2 1 3 0 6 170,567.48 77,352.97 465,673.11 0.00 713,593.56 90 Days 0 2 3 0 5 0.00 112,679.19 242,985.07 0.00 355,664.26 120 Days 0 1 1 2 4 0.00 177,627.98 80,588.73 116,951.77 375,168.48 150 Days 1 1 3 0 5 68,261.65 121,823.96 190,745.65 0.00 380,831.26 180 Days 0 0 0 3 3 0.00 0.00 0.00 462,740.61 462,740.61 Totals 19 8 10 5 42 2,186,363.78 774,872.74 979,992.56 579,692.38 4,520,921.46 0-29 Days 0.298805% 0.000000% 0.000000% 0.298805% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.593625% 0.000000% 0.000000% 0.000000% 1.593625% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.199203% 0.099602% 0.298805% 0.000000% 0.597610% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.199203% 0.298805% 0.000000% 0.498008% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.099602% 0.099602% 0.199203% 0.398406% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.099602% 0.099602% 0.298805% 0.000000% 0.498008% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.298805% 0.298805% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.892430% 0.796813% 0.996016% 0.498008% 4.183267% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I, Sub Grp II 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 8 0 0 8 785,159.85 0.00 0.00 785,159.85 30 Days 51 0 0 0 51 6,959,466.70 0.00 0.00 0.00 6,959,466.70 60 Days 17 1 10 0 28 2,743,281.09 146,620.83 1,252,920.16 0.00 4,142,822.08 90 Days 1 0 7 2 10 174,777.54 0.00 1,002,049.12 293,734.10 1,470,560.76 120 Days 0 3 12 3 18 0.00 203,363.55 1,680,398.95 277,510.38 2,161,272.88 150 Days 2 3 2 3 10 235,647.79 287,641.22 276,986.85 185,643.17 985,919.03 180 Days 3 4 9 3 19 245,020.12 478,774.58 974,431.76 315,983.11 2,014,209.57 Totals 74 19 40 11 144 10,358,193.24 1,901,560.03 5,186,786.84 1,072,870.76 18,519,410.87 0-29 Days 0.454804% 0.000000% 0.000000% 0.454804% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.899375% 0.000000% 0.000000% 0.000000% 2.899375% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.966458% 0.056850% 0.568505% 0.000000% 1.591814% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.056850% 0.000000% 0.397953% 0.113701% 0.568505% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.170551% 0.682206% 0.170551% 1.023309% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.113701% 0.170551% 0.113701% 0.170551% 0.568505% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.170551% 0.227402% 0.511654% 0.170551% 1.080159% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 4.206936% 1.080159% 2.274019% 0.625355% 8.186470% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II, Sub Grp I 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 1 360,325.07 0.00 0.00 0.00 360,325.07 60 Days 0 0 1 0 1 0.00 0.00 456,980.20 0.00 456,980.20 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 1 0 2 360,325.07 0.00 456,980.20 0.00 817,305.27 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 3.125000% 0.000000% 3.125000% 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 3.125000% 0.000000% 3.125000% 0.000000% 6.250000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II, Sub Grp II 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 1,138,484.04 0.00 0.00 0.00 1,138,484.04 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 1 0 0 1 0.00 479,859.54 0.00 0.00 479,859.54 120 Days 0 1 0 0 1 0.00 339,134.93 0.00 0.00 339,134.93 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 1 0 1 0.00 0.00 366,837.33 0.00 366,837.33 Totals 3 2 1 0 6 1,138,484.04 818,994.47 366,837.33 0.00 2,324,315.84 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.000000% 0.000000% 0.000000% 0.000000% 4.000000% 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% 1.333333% 0.000000% 0.000000% 1.333333% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 1.333333% 0.000000% 0.000000% 1.333333% 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% 1.333333% 0.000000% 1.333333% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 4.000000% 2.666667% 1.333333% 0.000000% 8.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 183,421.08
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 0.000000% Weighted Average Net Coupon 7.494561% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity(Stepdown Calculation ) 342 Beginning Scheduled Collateral Loan Count 2,950 Number Of Loans Paid In Full 80 Ending Scheduled Collateral Loan Count 2,870 Beginning Scheduled Collateral Balance 388,712,541.65 Ending Scheduled Collateral Balance 376,187,675.12 Ending Actual Collateral Balance at 31-Aug-2004 376,391,442.04 Monthly P &I Constant 2,896,515.60 Special Servicing Fee 0.00 Prepayment Penalties 169,939.87 Realized Loss Amount 23,772.87 Cumulative Realized Loss 34,215.14 Ending Scheduled Balance for Premium Loans 376,187,675.12 Scheduled Principal 306,860.60 Unscheduled Principal 12,218,005.93 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 23,772.87 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,243,498.28 Overcollateralized Amount 2,243,498.28 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 23,772.87 Excess Cash Amount 0.00
Group Level Collateral Statement Group Grp I, Sub Grp I Grp I, Sub Grp II Grp II, Sub Grp I Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.991795 8.066037 7.511167 Weighted Average Net Rate 7.491795 7.566037 7.011167 Weighted Average Maturity 325 349 346 Beginning Loan Count 1,026 1,812 32 Loans Paid In Full 22 53 0 Ending Loan Count 1,004 1,759 32 Beginning Scheduled Balance 109,502,077.64 235,218,543.76 12,587,306.23 Ending scheduled Balance 106,662,591.71 227,444,518.27 12,576,535.18 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 828,688.96 1,753,062.95 89,465.73 Scheduled Principal 99,423.82 171,994.97 10,677.93 Unscheduled Principal 2,740,062.11 7,602,030.52 93.12 Scheduled Interest 729,265.14 1,581,067.98 78,787.80 Servicing Fees 45,625.88 98,007.72 5,244.71 Master Servicing Fees 1,368.78 2,940.24 157.35 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 74,847.05 126,327.82 7,942.59 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 607,423.43 1,353,792.20 65,443.15 Realized Loss Amount 0.00 23,772.87 0.00 Cumulative Realized Loss 0.00 34,215.14 0.00 Percentage of Cumulative Losses 0.0000 0.0124 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
Group Level Collateral Statement Group Grp II, Sub Grp II Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.662597 0.000000 Weighted Average Net Rate 7.162597 7.494561 Weighted Average Maturity 349 342 Beginning Loan Count 80 2,950 Loans Paid In Full 5 80 Ending Loan Count 75 2,870 Beginning Scheduled Balance 31,404,614.02 388,712,541.65 Ending scheduled Balance 29,504,029.96 376,187,675.12 Record Date 08/31/2004 08/31/2004 Principal And Interest Constant 225,297.96 2,896,515.60 Scheduled Principal 24,763.88 306,860.60 Unscheduled Principal 1,875,820.18 12,218,005.93 Scheduled Interest 200,534.08 2,589,655.00 Servicing Fees 13,085.26 161,963.57 Master Servicing Fees 392.57 4,858.94 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 13,017.17 222,134.63 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 174,039.08 2,200,697.86 Realized Loss Amount 0.00 23,772.87 Cumulative Realized Loss 0.00 34,215.14 Percentage of Cumulative Losses 0.0000 0.0076 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00
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