-----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, FBPpya9Wv2TBX863UW5R6YMtTgRx83NT9RQJALnxjLbV4a0wgrC229Rtkw7fbh8R BpKZmbxJ5y7h/rUa+3TTWA== 0001056404-05-001396.txt : 20050329 0001056404-05-001396.hdr.sgml : 20050329 20050329102636 ACCESSION NUMBER: 0001056404-05-001396 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050329 DATE AS OF CHANGE: 20050329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IRWIN WHOLE LOAN HOME EQUITY TRUST 2004 A CENTRAL INDEX KEY: 0001284831 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-91334-23 FILM NUMBER: 05708283 BUSINESS ADDRESS: STREET 1: 245 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10167 FORMER COMPANY: FORMER CONFORMED NAME: BEAR STEARNS ASSET BACK SEC INC EQ LOAN BACK NOTE SERI 2004A DATE OF NAME CHANGE: 20040324 8-K/A 1 irw0400a_10408.txt AUGUST 8K/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K/A 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 IRWIN HOME EQUITY LOAN TRUST Home Equity Loan-Backed Notes, Series 2004-A Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-23 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 Subsequent to filing the 8-K relating to the payment date on August 25, 2004, a revision was made to the IRWIN HOME EQUITY LOAN TRUST, Home Equity Loan-Backed Notes, Series 2004-A which was not included in the original 8-K filed. The 8-K is being amended because the cumulative losses were corrected in the Misc Reporting section. This revision was not previously disclosed in a 1934 Act filing. The revised data has been and will continue to be available on the Wells Fargo Bank, website at www.ctslink.com. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Home Equity Loan-Backed Notes, Series 2004-A 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. IRWIN HOME EQUITY LOAN TRUST Home Equity Loan-Backed Notes, Series 2004-A Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 3/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Home Equity Loan-Backed Notes, Series 2004-A Trust, relating to the August 25, 2004 distribution. EX-99.1
IRWIN Whole Loan Home Equity Trust Home Equity Loan-Backed Notes Record Date: 7/31/2004 Distribution Date: 8/25/2004 IRWIN Whole Loan Home Equity Trust Home Equity Loan-Backed Notes Series 2004-A 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-IO 464187BU6 SEN 6.00000% 0.00 147,040.00 0.00 I-A1-A 464187BQ5 SEN 1.60000% 85,682,096.11 114,242.79 5,994,457.75 I-A1-B 464187BR3 SEN 1.90000% 48,124,000.00 76,196.33 0.00 I-A2 464187BS1 SEN 1.85000% 19,506,581.48 30,072.65 873,886.78 II-A 464187BT9 SEN 1.65000% 37,816,507.42 51,997.70 2,287,390.65 VFN IRV04AVFN SEN 1.65000% 0.00 0.00 0.00 M-1 464187BV4 SUB 2.00000% 22,056,000.00 36,760.00 0.00 M-2 464187BW2 SUB 2.70000% 17,231,000.00 38,769.75 0.00 B-1 464187BX0 SUB 3.35000% 14,474,000.00 40,406.58 0.00 B-2 464187BY8 SUB 4.95000% 3,446,000.00 14,214.75 0.00 OC OC 0.00000% 5,208,167.97 0.00 0.00 X-1 IR0400AX1 NONSUB 0.00000% 6,047,471.74 0.00 0.00 X-2A IR040AX2A NONSUB 0.00000% 0.00 0.00 0.00 X-2B IR040AX2B NONSUB 0.00000% 0.00 0.00 0.00 C-1 IR04ACERT CERT 0.00000% 100.00 0.00 0.00 Totals 259,591,924.72 549,700.55 9,155,735.18
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 147,040.00 0.00 I-A1-A 0.00 79,687,638.35 6,108,700.54 0.00 I-A1-B 0.00 48,124,000.00 76,196.33 0.00 I-A2 0.00 18,632,694.70 903,959.43 0.00 II-A 0.00 35,529,116.76 2,339,388.35 0.00 VFN 0.00 0.00 0.00 0.00 M-1 0.00 22,056,000.00 36,760.00 0.00 M-2 0.00 17,231,000.00 38,769.75 0.00 B-1 0.00 14,474,000.00 40,406.58 0.00 B-2 0.00 3,446,000.00 14,214.75 0.00 OC 0.00 6,510,820.29 0.00 0.00 X-1 0.00 6,047,471.74 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 X-2B 0.00 0.00 0.00 0.00 C-1 0.00 100.00 0.00 0.00 Totals 0.00 251,738,841.84 9,705,435.73 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-IO 0.00 0.00 0.00 0.00 0.00 0.00 I-A1-A 101,750,000.00 85,682,096.11 0.00 5,994,457.75 0.00 0.00 I-A1-B 48,124,000.00 48,124,000.00 0.00 0.00 0.00 0.00 I-A2 21,849,000.00 19,506,581.48 0.00 873,886.78 0.00 0.00 II-A 46,772,000.00 37,816,507.42 0.00 2,287,390.65 0.00 0.00 VFN 0.00 0.00 0.00 0.00 0.00 0.00 M-1 22,056,000.00 22,056,000.00 0.00 0.00 0.00 0.00 M-2 17,231,000.00 17,231,000.00 0.00 0.00 0.00 0.00 B-1 14,474,000.00 14,474,000.00 0.00 0.00 0.00 0.00 B-2 3,446,000.00 3,446,000.00 0.00 0.00 0.00 0.00 X-1 6,200,000.00 6,047,471.74 0.00 0.00 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 0.00 0.00 X-2B 0.00 0.00 0.00 0.00 0.00 0.00 C-1 100.00 100.00 0.00 0.00 0.00 0.00 Totals 281,902,100.00 254,383,756.75 0.00 9,155,735.18 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-IO 0.00 0.00 0.00000000 0.00 I-A1-A 5,994,457.75 79,687,638.35 0.78317089 5,994,457.75 I-A1-B 0.00 48,124,000.00 1.00000000 0.00 I-A2 873,886.78 18,632,694.70 0.85279394 873,886.78 II-A 2,287,390.65 35,529,116.76 0.75962364 2,287,390.65 VFN 0.00 0.00 0.00000000 0.00 M-1 0.00 22,056,000.00 1.00000000 0.00 M-2 0.00 17,231,000.00 1.00000000 0.00 B-1 0.00 14,474,000.00 1.00000000 0.00 B-2 0.00 3,446,000.00 1.00000000 0.00 X-1 0.00 6,047,471.74 0.97539867 0.00 X-2A 0.00 0.00 0.00000000 0.00 X-2B 0.00 0.00 0.00000000 0.00 C-1 0.00 100.00 1.00000000 0.00 Totals 9,155,735.18 245,228,021.55 0.86990491 9,155,735.18
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A1-A 101,750,000.00 842.08448265 0.00000000 58.91358968 0.00000000 I-A1-B 48,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A2 21,849,000.00 892.79058447 0.00000000 39.99664882 0.00000000 II-A 46,772,000.00 808.52876550 0.00000000 48.90512807 0.00000000 VFN 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 22,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 17,231,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 14,474,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 3,446,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 OC 235.80 22087226.33587790 0.00000000 0.00000000 0.00000000 X-1 6,200,000.00 975.39866774 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 C-1 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A1-A 0.00000000 58.91358968 783.17089287 0.78317089 58.91358968 I-A1-B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A2 0.00000000 39.99664882 852.79393565 0.85279394 39.99664882 II-A 0.00000000 48.90512807 759.62363722 0.75962364 48.90512807 VFN 0.00000000 0.00000000 0.00000000 0.00000000 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 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 OC 0.00000000 0.0000000027,611,621.24681930 27611.62124682 0.00000000 X-1 0.00000000 0.00000000 975.39866774 0.97539867 0.00000000 X-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C-1 0.00000000 0.00000000 1,000.00000000 1.00000000 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-IO 0.00 6.00000% 29,408,000.00 147,040.00 0.00 0.00 I-A1-A 101,750,000.00 1.60000% 85,682,096.11 114,242.79 0.00 0.00 I-A1-B 48,124,000.00 1.90000% 48,124,000.00 76,196.33 0.00 0.00 I-A2 21,849,000.00 1.85000% 19,506,581.48 30,072.65 0.00 0.00 II-A 46,772,000.00 1.65000% 37,816,507.42 51,997.70 0.00 0.00 VFN 0.00 1.65000% 0.00 0.00 0.00 0.00 M-1 22,056,000.00 2.00000% 22,056,000.00 36,760.00 0.00 0.00 M-2 17,231,000.00 2.70000% 17,231,000.00 38,769.75 0.00 0.00 B-1 14,474,000.00 3.35000% 14,474,000.00 40,406.58 0.00 0.00 B-2 3,446,000.00 4.95000% 3,446,000.00 14,214.75 0.00 0.00 OC 235.80 0.00000% 5,208,167.97 0.00 0.00 0.00 X-1 6,200,000.00 0.00000% 6,047,471.74 0.00 0.00 0.00 X-2A 0.00 0.00000% 253,544,352.98 0.00 0.00 0.00 X-2B 0.00 0.00000% 253,544,352.98 0.00 0.00 0.00 C-1 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 281,902,335.80 549,700.55 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-IO 0.00 0.00 147,040.00 0.00 28,489,000.00 I-A1-A 0.00 0.00 114,242.79 0.00 79,687,638.35 I-A1-B 0.00 0.00 76,196.33 0.00 48,124,000.00 I-A2 0.00 0.00 30,072.65 0.00 18,632,694.70 II-A 0.00 0.00 51,997.70 0.00 35,529,116.76 VFN 0.00 0.00 0.00 0.00 0.00 M-1 0.00 0.00 36,760.00 0.00 22,056,000.00 M-2 0.00 0.00 38,769.75 0.00 17,231,000.00 B-1 0.00 0.00 40,406.58 0.00 14,474,000.00 B-2 0.00 0.00 14,214.75 0.00 3,446,000.00 OC 0.00 0.00 0.00 0.00 6,510,820.29 X-1 0.00 0.00 0.00 0.00 6,047,471.74 X-2A 0.00 0.00 0.00 0.00 245,691,270.11 X-2B 0.00 0.00 0.00 0.00 245,691,270.11 C-1 0.00 0.00 0.00 0.00 100.00 Totals 0.00 0.00 549,700.55 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-IO 0.00 6.00000% 888.88888889 4.44444444 0.00000000 0.00000000 I-A1-A 101,750,000.00 1.60000% 842.08448265 1.12277926 0.00000000 0.00000000 I-A1-B 48,124,000.00 1.90000% 1000.00000000 1.58333326 0.00000000 0.00000000 I-A2 21,849,000.00 1.85000% 892.79058447 1.37638565 0.00000000 0.00000000 II-A 46,772,000.00 1.65000% 808.52876550 1.11172710 0.00000000 0.00000000 VFN 0.00 1.65000% 0.00000000 0.00000000 0.00000000 0.00000000 M-1 22,056,000.00 2.00000% 1000.00000000 1.66666667 0.00000000 0.00000000 M-2 17,231,000.00 2.70000% 1000.00000000 2.25000000 0.00000000 0.00000000 B-1 14,474,000.00 3.35000% 1000.00000000 2.79166644 0.00000000 0.00000000 B-2 3,446,000.00 4.95000% 1000.00000000 4.12500000 0.00000000 0.00000000 OC 235.80 0.00000% 22087226.33587790 0.00000000 0.00000000 0.00000000 X-1 6,200,000.00 0.00000% 975.39866774 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000% 919.63110876 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000% 919.63110876 0.00000000 0.00000000 0.00000000 C-1 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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-IO 0.00000000 0.00000000 4.44444444 0.00000000 861.11111111 I-A1-A 0.00000000 0.00000000 1.12277926 0.00000000 783.17089287 I-A1-B 0.00000000 0.00000000 1.58333326 0.00000000 1000.00000000 I-A2 0.00000000 0.00000000 1.37638565 0.00000000 852.79393565 II-A 0.00000000 0.00000000 1.11172710 0.00000000 759.62363722 VFN 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1.66666667 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.25000000 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.79166644 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.12500000 0.00000000 1000.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 27611621.24681930 X-1 0.00000000 0.00000000 0.00000000 0.00000000 975.39866774 X-2A 0.00000000 0.00000000 0.00000000 0.00000000 891.14717992 X-2B 0.00000000 0.00000000 0.00000000 0.00000000 891.14717992 C-1 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 (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 9,973,488.27 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) (47,609.81) Prepayment Penalties 0.00 Total Deposits 9,925,878.46 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 220,442.73 Payment of Interest and Principal 9,705,435.73 Total Withdrawals (Pool Distribution Amount) 9,925,878.46 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 218,329.86 Trustee Fee 2,112.87 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 220,442.73
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 10 0 0 10 572,945.77 0.00 0.00 572,945.77 30 Days 21 2 0 0 23 873,313.04 120,279.88 0.00 0.00 993,592.92 60 Days 8 2 0 0 10 435,071.82 118,987.81 0.00 0.00 554,059.63 90 Days 2 0 0 0 2 57,643.83 0.00 0.00 0.00 57,643.83 120 Days 4 2 1 0 7 138,226.90 124,732.39 85,383.12 0.00 348,342.41 150 Days 0 2 0 0 2 0.00 103,711.03 0.00 0.00 103,711.03 180+ Days 0 0 1 0 1 0.00 0.00 12,238.00 0.00 12,238.00 Totals 35 18 2 0 55 1,504,255.59 1,040,656.88 97,621.12 0.00 2,642,533.59 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 0.218341% 0.000000% 0.000000% 0.218341% 0.233197% 0.000000% 0.000000% 0.233197% 30 Days 0.458515% 0.043668% 0.000000% 0.000000% 0.502183% 0.355451% 0.048956% 0.000000% 0.000000% 0.404407% 60 Days 0.174672% 0.043668% 0.000000% 0.000000% 0.218341% 0.177081% 0.048430% 0.000000% 0.000000% 0.225511% 90 Days 0.043668% 0.000000% 0.000000% 0.000000% 0.043668% 0.023462% 0.000000% 0.000000% 0.000000% 0.023462% 120 Days 0.087336% 0.043668% 0.021834% 0.000000% 0.152838% 0.056260% 0.050768% 0.034752% 0.000000% 0.141781% 150 Days 0.000000% 0.043668% 0.000000% 0.000000% 0.043668% 0.000000% 0.042212% 0.000000% 0.000000% 0.042212% 180+ Days 0.000000% 0.000000% 0.021834% 0.000000% 0.021834% 0.000000% 0.000000% 0.004981% 0.000000% 0.004981% Totals 0.764192% 0.393013% 0.043668% 0.000000% 1.200873% 0.612254% 0.423563% 0.039733% 0.000000% 1.075550%
Irwin 2004-A Delinquency Status By Group - --------------------------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------------------------------------- HEL No of LoanPrin Balance No of LoansPrin Balance No of LoanPrin Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 3 75,448.71 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 127,555.32 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 1 29,865.30 120 Days 0 0.00 120 Days 1 85,383.12 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ----------------------- ------------------------ ------------------------ 6 232,869.33 0 0.00 1 85,383.12 0-29 Days 0.000000% 0.000000% 0-29 Days 0.105708% 0.177643% 30 Days 0.317125% 0.156974% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.211416% 0.265383% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.105708% 0.062136% 120 Days 120 Days 150 Days 150 Days 150 Days 180+ Days 180+ Days 180+ Days ----------------------- ------------------------ ------------------------ 0.634249% 0.484493% 0.000000% 0.000000% 0.105708% 0.177643% - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------- REO Total - --------------------------------------------------------------------------------- No of Loans Prin Balance No of LoanPrin Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 3 75,448.71 60 Days 0 0.00 60 Days 2 127,555.32 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 2 115,248.42 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------- ----------------------- 0 0.00 7 318,252.45 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.317125% 0.156974% 60 Days 0.000000% 0.000000% 60 Days 0.211416% 0.265383% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 120 Days 0.211416% 0.239778% 150 Days 150 Days 180+ Days 180+ Days --------------------- ----------------------- 0.000000% 0.000000% 0.739958% 0.662136% - --------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------------------------------------- HEL125 No of LoanPrin Balance No of LoansPrin Balance No of LoanPrin Balance 0-29 Days 7 310,120.95 0-29 Days 0 0.00 30 Days 12 611,486.80 30 Days 1 69,471.01 30 Days 0 0.00 60 Days 5 258,058.25 60 Days 2 118,987.81 60 Days 0 0.00 90 Days 2 57,643.83 90 Days 0 0.00 90 Days 0 0.00 120 Days 2 80,328.68 120 Days 1 59,732.39 120 Days 0 0.00 150 Days 0 0.00 150 Days 2 103,711.03 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 1 12,238.00 ----------------------- ------------------------ ------------------------ 21 1,007,517.56 13 662,023.19 1 12,238.00 0-29 Days 0.235770% 0.193831% 0-29 Days 0.000000% 0.000000% 30 Days 0.404176% 0.382190% 30 Days 0.033681% 0.043421% 30 Days 0.000000% 0.000000% 60 Days 0.168407% 0.161291% 60 Days 0.067363% 0.074370% 60 Days 0.000000% 0.000000% 90 Days 0.067363% 0.036028% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.067363% 0.050207% 120 Days 0.033681% 0.037334% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.033681% 0.064821% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.033681% 0.007649% ----------------------- ------------------------ ------------------------ 0.707309% 0.629716% 0.437858% 0.413776% 0.033681% 0.007649% - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------- REO Total - --------------------------------------------------------------------------------- No of Loans Prin Balance No of LoanPrin Balance 0-29 Days 0 0.00 0-29 Days 7 310,120.95 30 Days 0 0.00 30 Days 13 680,957.81 60 Days 0 0.00 60 Days 7 377,046.06 90 Days 0 0.00 90 Days 2 57,643.83 120 Days 0 0.00 120 Days 3 140,061.07 150 Days 0 0.00 150 Days 2 103,711.03 180+ Days 0 0.00 180+ Days 1 12,238.00 --------------------- ----------------------- 0 0.00 35 1,681,778.75 0-29 Days 0.000000% 0.000000% 0-29 Days 0.235770% 0.193831% 30 Days 0.000000% 0.000000% 30 Days 0.437858% 0.425611% 60 Days 0.000000% 0.000000% 60 Days 0.235770% 0.235661% 90 Days 0.000000% 0.000000% 90 Days 0.067363% 0.036028% 120 Days 0.000000% 0.000000% 120 Days 0.101044% 0.087541% 150 Days 0.000000% 0.000000% 150 Days 0.067363% 0.064821% 180+ Days 0.000000% 0.000000% 180+ Days 0.033681% 0.007649% ---------------------- ----------------------- 0.000000% 0.000000% 1.178848% 1.051142% - --------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------------------------------- HELOC No of LoansPrin Balance No of Loans Prin Balance No of LoanPrin Balance 0-29 Days 3 262,824.82 0-29 Days 0 0.00 30 Days 6 186,377.53 30 Days 1 50,808.87 30 Days 0 0.00 60 Days 1 49,458.25 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 1 28,032.92 120 Days 1 65,000.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ----------------------- ----------------------- ---------------------- 8 263,868.70 5 378,633.69 0 0.00 0-29 Days 0.453858% 0.698421% 0-29 Days 0.000000% 0.000000% 30 Days 0.907716% 0.495273% 30 Days 0.151286% 0.135018% 30 Days 0.000000% 0.000000% 60 Days 0.151286% 0.131429% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.151286% 0.074494% 120 Days 0.151286% 0.172729% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ----------------------- ----------------------- ---------------------- 1.210287% 0.701195% 0.756430% 1.006167% 0.000000% 0.000000% - -------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- REO Total - ------------------------------------------------------------------------------- No of Loans Prin Balance No of LoansPrin Balance 0-29 Days 0 0.00 0-29 Days 3 262,824.82 30 Days 0 0.00 30 Days 7 237,186.40 60 Days 0 0.00 60 Days 1 49,458.25 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 2 93,032.92 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------- ------------------------- 0 0.00 13 642,502.39 0-29 Days 0.000000% 0.000000% 0-29 Days 0.453858% 0.698421% 30 Days 0.000000% 0.000000% 30 Days 1.059002% 0.630290% 60 Days 0.000000% 0.000000% 60 Days 0.151286% 0.131429% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.302572% 0.247222% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- ------------------------- 0.000000% 0.000000% 1.966717% 1.707362% - ------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------------------- DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------------------------------- No of LoansPrin Balance No of Loans Prin Balance No of LoanPrin Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ----------------------- ----------------------- ---------------------- 0 0.00 0 0.00 0 0.00 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ----------------------- ----------------------- ---------------------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% - -------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- REO Total - ------------------------------------------------------------------------------- No of Loans Prin Balance No of LoansPrin Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ---------------------- ------------------------- 0 0.00 0 0.00 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 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 0.00
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 10.031189% Weighted Average Net Coupon 9.002333% Weighted Average Pass-Through Rate 8.992333% Weighted Average Maturity(Stepdown Calculation ) 244 Beginning Scheduled Collateral Loan Count 4,713 Number Of Loans Paid In Full 133 Ending Scheduled Collateral Loan Count 4,580 Beginning Scheduled Collateral Balance 253,544,352.98 Ending Scheduled Collateral Balance 245,691,270.11 Ending Actual Collateral Balance at 31-Jul-2004 245,691,270.11 Monthly P &I Constant 0.00 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00
Miscellaneous Reporting Excess Cash 1,350,262.12 Extra Principal Distribution 1,350,262.12 Overcollateralization Amt 5,160,558.16 Overcollateralization Deficiency 7,246,042.45 Overcollateralization Release 0.00 Overcollateralization Increase 1,302,652.32 Senior Enhancement % 24.617061% Step Down in Effect NO Target Overcollateralization 12,406,600.61 Cumulative Losses 96,557.74
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