-----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, I3y1+/cU8vORY8WAwFoDkXFh6EmPo1KlvhrFMkP4r86QFLavkxGglozZdVkw9Xe1 xqCDPqK2y3gz6/gB6QIxjQ== 0001056404-04-003216.txt : 20040930 0001056404-04-003216.hdr.sgml : 20040930 20040930154245 ACCESSION NUMBER: 0001056404-04-003216 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: 20040930 DATE AS OF CHANGE: 20040930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RESIDENTIAL ASSET MORT PROD INC GMACM HOME EQ LN TR 2004 HE1 CENTRAL INDEX KEY: 0001285004 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: 333-110437-07 FILM NUMBER: 041055280 BUSINESS ADDRESS: STREET 1: 8400 NORMANDALE LAKE BLVD STREET 2: SUITE 600 CITY: BLOOMINGTON STATE: MN ZIP: 55437 8-K 1 gma04he1_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 GMACM Home Equity Loan Trust Home Equity Loan-Backed Variable Pay Revolving Notes, Series 2004-HE1 New York (governing law of 333-110437-07 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road 21045 Columbia, Maryland (Zip Code) (Address of principal executive offices) 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 GMACM Home Equity Loan Trust, Home Equity Loan-Backed Variable Pay Revolving Notes Series 2004-HE1. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan-Backed Variable Pay Revolving Notes, Series 2004-HE1, 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. GMACM Home Equity Loan Trust Home Equity Loan-Backed Variable Pay Revolving Notes, Series 2004-HE1 By: Wells Fargo Bank Minnesota, N.A., as Indenture Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 09/27/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan-Backed Variable Pay Revolving Notes, Series 2004-HE1, relating to the September 27, 2004 distribution.
Home Equity Loan-Backed Term Notes, GMACM Series 2004-HE1 Payment Date 09/27/2004 Servicing Certificate Group 1 Beginning Pool Balance 1,242,900,014.98 Beginning PFA 0.00 Ending Pool Balance 1,239,608,919.30 Ending PFA Balance - Principal Collections 54,782,250.82 Principal Draws 25,291,186.97 Net Principal Collections - Active Loan Count 32,649 Interest Collections 5,088,031.41 Additional Mortgage Loans - Revolving Period 26,199,968.17 Additional Mortgage Loans - Due to Funding Event 0.00 Net WAC Rate 4.51606% Substitution Adjustment Amount 0.00 Excess Cash 2,910,851.77 Beginning Ending Term Notes Balance Balance Factor Principal Class A-1 595,000,000.00 595,000,000.00 1.0000000 0.00 Class A-2 380,000,000.00 380,000,000.00 1.0000000 0.00 Class A-3 284,311,000.00 284,311,000.00 1.0000000 0.00 Variable Pay Revolving Notes 18,574,417.20 15,663,565.43 0.4745572 2,910,851.77 Certificates - - - - Interest Security Term Notes Interest Shortfalls % Coupon Class A-1 924,481.25 0.00 47.25% 1.695% Class A-2 597,391.67 0.00 30.18% 1.715% Class A-3 475,628.61 0.00 22.58% 1.825% Variable Pay Revolving Notes 31,584.25 0.00 1.24% 1.855% Certificates 0.00 - - - Beginning Overcollateralization Amount (8,418,134.91) Overcollateralization Amount Increase (Decrease) 2,910,851.77 Outstanding Overcollateralization Amount (5,507,283.14) Target Overcollateralization Amount 10,155,738.26 Credit Enhancement Draw Amount 0.00 Unreimbursed Prior Draws 0.00 Number Percent Balance of Loans of Balance Delinquent Loans (30 Days)* 3,161,063.15 94 0.26% Delinquent Loans (60 Days)* 570,676.05 18 0.05% Delinquent Loans (90 Days)* 138,817.67 6 0.01% Delinquent Loans (120 Days)* 132,193.11 4 0.01% Delinquent Loans (150 Days)* - 0 0.00% Delinquent Loans (180+ Days)* - 0 0.00% REO - 0 0.00% Bankruptcy 781,643.22 25 0.06% Foreclosures 363,666.11 5 0.03% *Delinquency Figures Do Not include Bankruptcy, Foreclosure, and REO. Liquidation To-Date Beginning Loss Amount 0.00 Current Month Loss Amount 0.00 Current Month Recoveries 0.00 Ending Loss Amount 0.00 0.00% Recovery To-Date Beginning Recovery Amount 0.00 Current Month Recovery Amount 0.00 Ending Recovery Amount 0.00 Special Hazard Fraud Bankruptcy Beginning Amount 0.00 0.00 0.00 Current Month Loss Amount 0.00 0.00 0.00 Ending Amount - - - Extraordinary Event Losses 0.00 Excess Loss Amounts 0.00 Funding Account Beginning Funding Account Balance 26,567,267.31 Deposit to Funding Account 29,491,063.85 Excess Of Draws over Principal Collections 0.00 Payment for Additional Purchases 26,199,968.17 Prefunding balance sent to Funding account 0.00 Add Variable Funding Note 0.00 Ending Funding Account Balance as of Payment Date 29,858,362.99 Interest earned for Collection Period 992.77 Interest withdrawn related to prior Collection Period 5,218.35 Cuurent Month Repurchases Units 0 Cuurent Month Repurchases ($) - Bullet Termination Events Yes/No 1) Term Notes have been downgraded below AAA/Aaa by S&P and Moodys, respectively No 2) Trust failed to receive advance of funds from VPRN holder or failed to issue and sell an additional VPRN No 3) Enhancer Default has occurred and is continuing No 4-A) For 3 consecutive months, the average amount in the Funding Account not used to purchase additional balances or subsequent mortgage loans is greater than 30% of the amount actually used to purchase additional balances or subsequent transfer loans. No 4-B) For 6 consecutive months, the average amount in the Funding Account not used to purchase additional balances or subsequent mortgage loans is greater than 20% of the amount actually used to purchase additional balances or subsequent transfer loans. No Funding Event Yes/No Reserve Sub-Account balance is more than $2,000,000, provided that theNote Balance of the VPRN has been reduced to zero and the Overcollateralization Target Amount has been met. No
-----END PRIVACY-ENHANCED MESSAGE-----