-----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, M6S6gPxv2u3aJG0ZjPQru81oj97SrxVIuIpIe+CQ6zrex3Tzwb9MI6iJVnOuTFTt wmGIz0ap4sklo778y9ofhg== 0001056404-04-004273.txt : 20041203 0001056404-04-004273.hdr.sgml : 20041203 20041203152035 ACCESSION NUMBER: 0001056404-04-004273 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041203 DATE AS OF CHANGE: 20041203 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: 041183587 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_nov.txt NOVEMBER 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): November 26, 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 November 26, 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 November 26, 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: 12/2/2004 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 November 26, 2004 distribution. EX-99.1
ACE Securities Corporation Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 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 2.19250% 219,749,471.05 428,267.30 12,694,483.87 A-2 004421DY6 SEN 2.22250% 33,061,154.00 65,314.15 3,321,122.94 A-3 004421DZ3 SEN 2.33250% 33,548,000.00 69,556.19 0.00 M-1 004421EA7 MEZ 2.48250% 25,800,000.00 56,932.00 0.00 M-2 004421EB5 MEZ 3.13250% 21,313,000.00 59,344.86 0.00 M-3 004421EC3 MEZ 3.43250% 6,730,000.00 20,533.98 0.00 M-4 004421ED1 MEZ 3.63250% 5,609,000.00 18,110.84 0.00 M-5 004421EE9 MEZ 3.93250% 5,609,000.00 19,606.57 0.00 M-6 004421EF6 MEZ 5.43250% 4,487,000.00 21,667.22 0.00 CE 111282976 JUN 0.00000% 2,243,498.28 1,268,652.49 0.00 P 111282984 SEN 0.00000% 100.00 220,772.40 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 358,150,223.33 2,248,758.00 16,015,606.81
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 207,054,987.18 13,122,751.17 0.00 A-2 0.00 29,740,031.06 3,386,437.09 0.00 A-3 0.00 33,548,000.00 69,556.19 0.00 M-1 0.00 25,800,000.00 56,932.00 0.00 M-2 0.00 21,313,000.00 59,344.86 0.00 M-3 0.00 6,730,000.00 20,533.98 0.00 M-4 0.00 5,609,000.00 18,110.84 0.00 M-5 0.00 5,609,000.00 19,606.57 0.00 M-6 0.00 4,487,000.00 21,667.22 0.00 CE 0.00 2,243,498.28 1,268,652.49 0.00 P 0.00 100.00 220,772.40 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 Totals 0.00 342,134,616.52 18,264,364.81 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-1 301,934,000.00 219,749,471.05 0.00 12,694,483.87 0.00 0.00 A-2 41,426,000.00 33,061,154.00 0.00 3,321,122.94 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 448,699,656.24 358,150,223.33 0.00 16,015,606.81 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 12,694,483.87 207,054,987.18 0.68576241 12,694,483.87 A-2 3,321,122.94 29,740,031.06 0.71790738 3,321,122.94 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 16,015,606.81 342,134,616.52 0.76250252 16,015,606.81
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 301,934,000.00 727.80631214 0.00000000 42.04390320 0.00000000 A-2 41,426,000.00 798.07739101 0.00000000 80.17001255 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 42.04390320 685.76240894 0.68576241 42.04390320 A-2 0.00000000 80.17001255 717.90737846 0.71790738 80.17001255 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 2.19250% 219,749,471.05 428,267.30 0.00 0.00 A-2 41,426,000.00 2.22250% 33,061,154.00 65,314.15 0.00 0.00 A-3 33,548,000.00 2.33250% 33,548,000.00 69,556.19 0.00 0.00 M-1 25,800,000.00 2.48250% 25,800,000.00 56,932.00 0.00 0.00 M-2 21,313,000.00 3.13250% 21,313,000.00 59,344.86 0.00 0.00 M-3 6,730,000.00 3.43250% 6,730,000.00 20,533.98 0.00 0.00 M-4 5,609,000.00 3.63250% 5,609,000.00 18,110.84 0.00 0.00 M-5 5,609,000.00 3.93250% 5,609,000.00 19,606.57 0.00 0.00 M-6 4,487,000.00 5.43250% 4,487,000.00 21,667.22 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 448,699,656.24 759,333.11 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 0.00 0.00 428,267.30 0.00 207,054,987.18 A-2 0.00 0.00 65,314.15 0.00 29,740,031.06 A-3 0.00 0.00 69,556.19 0.00 33,548,000.00 M-1 0.00 0.00 56,932.00 0.00 25,800,000.00 M-2 0.00 0.00 59,344.86 0.00 21,313,000.00 M-3 0.00 0.00 20,533.98 0.00 6,730,000.00 M-4 0.00 0.00 18,110.84 0.00 5,609,000.00 M-5 0.00 0.00 19,606.57 0.00 5,609,000.00 M-6 0.00 0.00 21,667.22 0.00 4,487,000.00 CE 0.00 0.00 1,268,652.49 0.00 2,243,498.28 P 0.00 0.00 220,772.40 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 0.00 0.00 2,248,758.00 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 2.19250% 727.80631214 1.41841363 0.00000000 0.00000000 A-2 41,426,000.00 2.22250% 798.07739101 1.57664631 0.00000000 0.00000000 A-3 33,548,000.00 2.33250% 1000.00000000 2.07333343 0.00000000 0.00000000 M-1 25,800,000.00 2.48250% 1000.00000000 2.20666667 0.00000000 0.00000000 M-2 21,313,000.00 3.13250% 1000.00000000 2.78444424 0.00000000 0.00000000 M-3 6,730,000.00 3.43250% 1000.00000000 3.05111144 0.00000000 0.00000000 M-4 5,609,000.00 3.63250% 1000.00000000 3.22888929 0.00000000 0.00000000 M-5 5,609,000.00 3.93250% 1000.00000000 3.49555536 0.00000000 0.00000000 M-6 4,487,000.00 5.43250% 1000.00000000 4.82888790 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 0.00000000 0.00000000 1.41841363 0.00000000 685.76240894 A-2 0.00000000 0.00000000 1.57664631 0.00000000 717.90737846 A-3 0.00000000 0.00000000 2.07333343 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.20666667 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.78444424 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.05111144 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.22888929 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.49555536 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.82888790 0.00000000 1000.00000000 CE 0.00000000 0.00000000 565.46498250 0.00000000 999.97416601 P 0.00000000 0.00000000 2207724.00000000 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 18,394,944.62 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 194,139.74 Realized Loss (Gains, Subsequent Expenses & Recoveries) (650.00) Prepayment Penalties 220,772.40 Total Deposits 18,809,206.76 Withdrawals Reimbursement for Servicer Advances 186,041.51 Payment of Service Fee 358,800.44 Payment of Interest and Principal 18,264,364.81 Total Withdrawals (Pool Distribution Amount) 18,809,206.76 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 149,229.24 Credit Risk Manager Fee - The Murrayhill Company 4,476.94 Master Servicing Fee - Wells Fargo 4,476.94 MGIC 200,617.32 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 358,800.44
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 12 2 0 14 1,415,660.08 274,792.08 0.00 1,690,452.16 30 Days 69 2 3 0 74 9,542,718.53 323,607.84 507,826.84 0.00 10,374,153.21 60 Days 11 5 10 0 26 1,351,898.81 563,370.09 1,204,751.59 0.00 3,120,020.49 90 Days 5 2 13 0 20 750,676.77 528,319.73 1,507,041.01 0.00 2,786,037.51 120 Days 1 6 13 0 20 232,011.63 700,471.69 1,922,088.22 0.00 2,854,571.54 150 Days 0 1 4 4 9 0.00 61,967.55 550,181.95 459,655.93 1,071,805.43 180+ Days 3 9 23 18 53 266,460.38 956,814.89 2,758,719.56 1,904,549.72 5,886,544.55 Totals 89 37 68 22 216 12,143,766.12 4,550,211.87 8,725,401.25 2,364,205.65 27,783,584.89 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 0.452489% 0.075415% 0.000000% 0.527903% 0.413532% 0.080270% 0.000000% 0.493802% 30 Days 2.601810% 0.075415% 0.113122% 0.000000% 2.790347% 2.787545% 0.094530% 0.148342% 0.000000% 3.030418% 60 Days 0.414781% 0.188537% 0.377074% 0.000000% 0.980392% 0.394906% 0.164567% 0.351923% 0.000000% 0.911396% 90 Days 0.188537% 0.075415% 0.490196% 0.000000% 0.754148% 0.219282% 0.154329% 0.440225% 0.000000% 0.813836% 120 Days 0.037707% 0.226244% 0.490196% 0.000000% 0.754148% 0.067773% 0.204616% 0.561466% 0.000000% 0.833855% 150 Days 0.000000% 0.037707% 0.150830% 0.150830% 0.339367% 0.000000% 0.018101% 0.160715% 0.134271% 0.313088% 180+ Days 0.113122% 0.339367% 0.867270% 0.678733% 1.998492% 0.077836% 0.279497% 0.805856% 0.556342% 1.719532% Totals 3.355958% 1.395173% 2.564103% 0.829563% 8.144796% 3.547343% 1.329173% 2.548797% 0.690613% 8.115926%
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 2 1 0 3 293,672.37 77,761.70 0.00 371,434.07 30 Days 22 1 0 0 23 2,289,657.87 122,958.40 0.00 0.00 2,412,616.27 60 Days 3 2 3 0 8 198,951.67 140,313.83 281,447.47 0.00 620,712.97 90 Days 0 1 3 0 4 0.00 48,944.89 209,175.02 0.00 258,119.91 120 Days 0 1 2 0 3 0.00 69,785.54 215,696.02 0.00 285,481.56 150 Days 0 1 1 0 2 0.00 61,967.55 78,927.18 0.00 140,894.73 180 Days 0 3 3 6 12 0.00 367,713.59 196,731.45 654,295.31 1,218,740.35 Totals 25 11 13 6 55 2,488,609.54 1,105,356.17 1,059,738.84 654,295.31 5,307,999.86 0-29 Days 0.210748% 0.105374% 0.000000% 0.316122% 0.292816% 0.077535% 0.000000% 0.370351% 30 Days 2.318230% 0.105374% 0.000000% 0.000000% 2.423604% 2.282980% 0.122600% 0.000000% 0.000000% 2.405580% 60 Days 0.316122% 0.210748% 0.316122% 0.000000% 0.842993% 0.198371% 0.139905% 0.280627% 0.000000% 0.618903% 90 Days 0.000000% 0.105374% 0.316122% 0.000000% 0.421496% 0.000000% 0.048802% 0.208565% 0.000000% 0.257367% 120 Days 0.000000% 0.105374% 0.210748% 0.000000% 0.316122% 0.000000% 0.069582% 0.215067% 0.000000% 0.284649% 150 Days 0.000000% 0.105374% 0.105374% 0.000000% 0.210748% 0.000000% 0.061787% 0.078697% 0.000000% 0.140484% 180 Days 0.000000% 0.316122% 0.316122% 0.632244% 1.264489% 0.000000% 0.366641% 0.196158% 0.652387% 1.215186% Totals 2.634352% 1.159115% 1.369863% 0.632244% 5.795574% 2.481352% 1.102133% 1.056648% 0.652387% 5.292520% 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 10 1 0 11 1,121,987.71 197,030.38 0.00 1,319,018.09 30 Days 44 1 3 0 48 6,120,742.27 200,649.44 507,826.84 0.00 6,829,218.55 60 Days 8 3 7 0 18 1,152,947.14 423,056.26 923,304.12 0.00 2,499,307.52 90 Days 5 0 10 0 15 750,676.77 0.00 1,297,865.99 0.00 2,048,542.76 120 Days 1 4 10 0 15 232,011.63 292,021.35 1,249,412.00 0.00 1,773,444.98 150 Days 0 0 3 4 7 0.00 0.00 471,254.77 459,655.93 930,910.70 180 Days 3 6 19 12 40 266,460.38 589,101.30 2,195,150.78 1,250,254.41 4,300,966.87 Totals 61 24 53 16 154 8,522,838.19 2,626,816.06 6,841,844.88 1,709,910.34 19,701,409.47 0-29 Days 0.622278% 0.062228% 0.000000% 0.684505% 0.548963% 0.096402% 0.000000% 0.645365% 30 Days 2.738021% 0.062228% 0.186683% 0.000000% 2.986932% 2.994738% 0.098173% 0.248468% 0.000000% 3.341379% 60 Days 0.497822% 0.186683% 0.435594% 0.000000% 1.120100% 0.564110% 0.206992% 0.451751% 0.000000% 1.222853% 90 Days 0.311139% 0.000000% 0.622278% 0.000000% 0.933416% 0.367289% 0.000000% 0.635016% 0.000000% 1.002305% 120 Days 0.062228% 0.248911% 0.622278% 0.000000% 0.933416% 0.113518% 0.142879% 0.611308% 0.000000% 0.867706% 150 Days 0.000000% 0.000000% 0.186683% 0.248911% 0.435594% 0.000000% 0.000000% 0.230574% 0.224899% 0.455473% 180 Days 0.186683% 0.373367% 1.182327% 0.746733% 2.489110% 0.130373% 0.288234% 1.074037% 0.611721% 2.104364% Totals 3.795893% 1.493466% 3.298071% 0.995644% 9.583074% 4.170028% 1.285240% 3.347557% 0.836620% 9.639444% 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 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 1 0 1 0.00 0.00 456,980.20 0.00 456,980.20 150 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 1 0 1 0.00 0.00 456,980.20 0.00 456,980.20 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% 3.333333% 0.000000% 3.333333% 0.000000% 0.000000% 3.848053% 0.000000% 3.848053% 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% 3.333333% 0.000000% 3.333333% 0.000000% 0.000000% 3.848053% 0.000000% 3.848053% 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 1,132,318.39 0.00 0.00 0.00 1,132,318.39 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 1 0 0 1 0.00 479,374.84 0.00 0.00 479,374.84 120 Days 0 1 0 0 1 0.00 338,664.80 0.00 0.00 338,664.80 150 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 1,132,318.39 818,039.64 366,837.33 0.00 2,317,195.36 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.545455% 0.000000% 0.000000% 0.000000% 4.545455% 4.391766% 0.000000% 0.000000% 0.000000% 4.391766% 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% 1.515152% 0.000000% 0.000000% 1.515152% 0.000000% 1.859284% 0.000000% 0.000000% 1.859284% 120 Days 0.000000% 1.515152% 0.000000% 0.000000% 1.515152% 0.000000% 1.313532% 0.000000% 0.000000% 1.313532% 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% 1.515152% 0.000000% 1.515152% 0.000000% 0.000000% 1.422801% 0.000000% 1.422801% Totals 4.545455% 3.030303% 1.515152% 0.000000% 9.090909% 4.391766% 3.172816% 1.422801% 0.000000% 8.987383%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 194,139.74
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.999222% Weighted Average Net Coupon 7.499222% Weighted Average Pass-Through Rate 6.797044% Weighted Average Maturity(Stepdown Calculation ) 340 Beginning Scheduled Collateral Loan Count 2,753 Number Of Loans Paid In Full 101 Ending Scheduled Collateral Loan Count 2,652 Beginning Scheduled Collateral Balance 358,150,223.33 Ending Scheduled Collateral Balance 342,134,616.52 Ending Actual Collateral Balance at 31-Oct-2004 342,334,122.60 Monthly P &I Constant 2,675,158.82 Special Servicing Fee 0.00 Prepayment Penalties 220,772.40 Realized Loss Amount 650.00 Cumulative Realized Loss 77,548.42 Ending Scheduled Balance for Premium Loans 342,134,616.52 Scheduled Principal 287,722.87 Unscheduled Principal 15,727,883.94 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 650.00 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 650.00 Excess Cash Amount 1,269,302.50
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 7.982973 8.080039 7.511590 Weighted Average Net Rate 7.482973 7.580040 7.011589 Weighted Average Maturity 323 347 344 Beginning Loan Count 975 1,674 32 Loans Paid In Full 26 67 2 Ending Loan Count 949 1,607 30 Beginning Scheduled Balance 102,997,415.05 214,193,852.68 12,564,277.49 Ending scheduled Balance 100,243,504.70 204,253,144.37 11,870,071.79 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 780,697.40 1,600,895.74 89,465.73 Scheduled Principal 95,509.41 158,650.09 10,817.65 Unscheduled Principal 2,658,400.94 9,782,058.22 683,388.05 Scheduled Interest 685,187.99 1,442,245.65 78,648.08 Servicing Fees 42,915.59 89,247.42 5,235.12 Master Servicing Fees 1,287.50 2,677.43 157.06 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 70,550.12 114,446.40 7,927.28 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 570,434.78 1,235,874.40 65,328.62 Realized Loss Amount 0.00 650.00 0.00 Cumulative Realized Loss 0.00 77,548.42 0.00 Percentage of Cumulative Losses 0.0000 0.0281 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.646010 6.923865 6.239464
Group Level Collateral Statement Group Grp II, Sub Grp II Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.664291 7.999222 Weighted Average Net Rate 7.164291 7.499222 Weighted Average Maturity 347 340 Beginning Loan Count 72 2,753 Loans Paid In Full 6 101 Ending Loan Count 66 2,652 Beginning Scheduled Balance 28,394,678.11 358,150,223.33 Ending scheduled Balance 25,767,895.66 342,134,616.52 Record Date 10/31/2004 10/31/2004 Principal And Interest Constant 204,099.95 2,675,158.82 Scheduled Principal 22,745.72 287,722.87 Unscheduled Principal 2,604,036.73 15,727,883.94 Scheduled Interest 181,354.23 2,387,435.95 Servicing Fees 11,831.11 149,229.24 Master Servicing Fees 354.95 4,476.94 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 12,170.46 205,094.26 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 156,997.71 2,028,635.51 Realized Loss Amount 0.00 650.00 Cumulative Realized Loss 0.00 77,548.42 Percentage of Cumulative Losses 0.0000 0.0173 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.634950 6.797044
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