-----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, BKmfQ0OVYBdcyqWimfSbBklKQKzRrj07lC+8Vi1ichYZh/IYBIiKFPerlFlrD/7g JQAc/NUjlfgKV8eiVWiMDQ== 0001056404-04-002541.txt : 20040804 0001056404-04-002541.hdr.sgml : 20040804 20040804135213 ACCESSION NUMBER: 0001056404-04-002541 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040726 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FINANCIAL ASSET SEC CORP FIRST FRANK MORT LOAN TR 2004-FFH1 CENTRAL INDEX KEY: 0001285091 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: 333-111379-03 FILM NUMBER: 04950986 BUSINESS ADDRESS: STREET 1: 600 STEAMBOAT ROAD CITY: GREENWICH STATE: CT ZIP: 92618 8-K 1 ffm04fh1_jul.txt JULY 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): July 26, 2004 FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2004-FFH1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-111379-03 54-2147357 Pooling and Servicing Agreement) (Commission 54-2147358 (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) ITEM 5. Other Events On July 26, 2004 a distribution was made to holders of FIRST FRANKLIN MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2004-FFH1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-FFH1 Trust, relating to the July 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. FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2004-FFH1 Trust By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 7/30/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-FFH1 Trust, relating to the July 26, 2004 distribution. EX-99.1
First Franklin Mortgage Loan Trust Asset Backed Certificates Record Date: 6/30/04 Distribution Date: 7/26/04 FFM Series: 2004-FFH1 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 32027NGL9 SEN 1.53000% 237,674,498.40 313,136.15 4,829,807.16 A-2 32027NGM7 SEN 1.38000% 149,431,896.54 177,574.90 7,225,940.98 A-3 32027NGN5 SEN 1.50000% 199,000,000.00 257,041.67 0.00 A-4 32027NGP0 SEN 1.66000% 31,143,000.00 44,517.19 0.00 M-1 32027NGQ8 MEZ 1.75000% 25,800,000.00 38,879.17 0.00 M-2 32027NGR6 MEZ 1.80000% 23,815,000.00 36,913.25 0.00 M-3 32027NGS4 MEZ 1.85000% 15,877,000.00 25,292.94 0.00 M-4 32027NGT2 MEZ 2.25000% 13,892,000.00 26,915.75 0.00 M-5 32027NGU9 MEZ 2.40000% 13,892,000.00 28,710.13 0.00 M-6 32027NGV7 MEZ 2.65000% 11,908,000.00 27,173.39 0.00 M-7 32027NGW5 MEZ 3.00000% 11,908,000.00 30,762.33 0.00 M-8 32027NGX3 MEZ 3.10000% 11,114,000.00 29,668.21 0.00 M-9 32027NGY1 MEZ 4.30000% 9,526,000.00 35,272.66 0.00 B 32027NGZ8 SUB 4.80000% 9,129,000.00 37,733.20 0.00 C FFM04FH1C SEN 0.00000% 7,938,425.06 3,409,259.53 0.00 P FFM04FH1P SEN 0.00000% 100.00 158,406.32 0.00 R 32027NHA2 RES 0.00000% 0.00 0.00 0.00 Totals 772,048,920.00 4,677,256.79 12,055,748.14
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 232,844,691.24 5,142,943.31 0.00 A-2 0.00 142,205,955.56 7,403,515.88 0.00 A-3 0.00 199,000,000.00 257,041.67 0.00 A-4 0.00 31,143,000.00 44,517.19 0.00 M-1 0.00 25,800,000.00 38,879.17 0.00 M-2 0.00 23,815,000.00 36,913.25 0.00 M-3 0.00 15,877,000.00 25,292.94 0.00 M-4 0.00 13,892,000.00 26,915.75 0.00 M-5 0.00 13,892,000.00 28,710.13 0.00 M-6 0.00 11,908,000.00 27,173.39 0.00 M-7 0.00 11,908,000.00 30,762.33 0.00 M-8 0.00 11,114,000.00 29,668.21 0.00 M-9 0.00 9,526,000.00 35,272.66 0.00 B 0.00 9,129,000.00 37,733.20 0.00 C 0.00 7,938,425.06 3,409,259.53 0.00 P 0.00 100.00 158,406.32 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 759,993,171.86 16,733,004.93 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-1 245,300,000.00 237,674,498.40 169,358.89 4,660,448.27 0.00 0.00 A-2 163,600,000.00 149,431,896.54 249,337.08 6,976,603.90 0.00 0.00 A-3 199,000,000.00 199,000,000.00 0.00 0.00 0.00 0.00 A-4 31,143,000.00 31,143,000.00 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 23,815,000.00 23,815,000.00 0.00 0.00 0.00 0.00 M-3 15,877,000.00 15,877,000.00 0.00 0.00 0.00 0.00 M-4 13,892,000.00 13,892,000.00 0.00 0.00 0.00 0.00 M-5 13,892,000.00 13,892,000.00 0.00 0.00 0.00 0.00 M-6 11,908,000.00 11,908,000.00 0.00 0.00 0.00 0.00 M-7 11,908,000.00 11,908,000.00 0.00 0.00 0.00 0.00 M-8 11,114,000.00 11,114,000.00 0.00 0.00 0.00 0.00 M-9 9,526,000.00 9,526,000.00 0.00 0.00 0.00 0.00 B 9,129,000.00 9,129,000.00 0.00 0.00 0.00 0.00 C 7,938,406.06 7,938,425.06 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 793,842,506.06 772,048,920.00 418,695.97 11,637,052.17 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 4,829,807.16 232,844,691.24 0.94922418 4,829,807.16 A-2 7,225,940.98 142,205,955.56 0.86922956 7,225,940.98 A-3 0.00 199,000,000.00 1.00000000 0.00 A-4 0.00 31,143,000.00 1.00000000 0.00 M-1 0.00 25,800,000.00 1.00000000 0.00 M-2 0.00 23,815,000.00 1.00000000 0.00 M-3 0.00 15,877,000.00 1.00000000 0.00 M-4 0.00 13,892,000.00 1.00000000 0.00 M-5 0.00 13,892,000.00 1.00000000 0.00 M-6 0.00 11,908,000.00 1.00000000 0.00 M-7 0.00 11,908,000.00 1.00000000 0.00 M-8 0.00 11,114,000.00 1.00000000 0.00 M-9 0.00 9,526,000.00 1.00000000 0.00 B 0.00 9,129,000.00 1.00000000 0.00 C 0.00 7,938,425.06 1.00000239 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 12,055,748.14 759,993,171.86 0.95736014 12,055,748.14
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 245,300,000.00 968.91356869 0.69041537 18.99897379 0.00000000 A-2 163,600,000.00 913.39790061 1.52406528 42.64427812 0.00000000 A-3 199,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 31,143,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 25,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 23,815,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 15,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 13,892,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 13,892,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 11,908,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 11,908,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 11,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 9,526,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 9,129,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 7,938,406.06 1000.00239343 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 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 19.68938916 949.22417954 0.94922418 19.68938916 A-2 0.00000000 44.16834340 869.22955721 0.86922956 44.16834340 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 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 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.00239343 1.00000239 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 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-1 245,300,000.00 1.53000% 237,674,498.40 313,136.15 0.00 0.00 A-2 163,600,000.00 1.38000% 149,431,896.54 177,574.90 0.00 0.00 A-3 199,000,000.00 1.50000% 199,000,000.00 257,041.67 0.00 0.00 A-4 31,143,000.00 1.66000% 31,143,000.00 44,517.19 0.00 0.00 M-1 25,800,000.00 1.75000% 25,800,000.00 38,879.17 0.00 0.00 M-2 23,815,000.00 1.80000% 23,815,000.00 36,913.25 0.00 0.00 M-3 15,877,000.00 1.85000% 15,877,000.00 25,292.94 0.00 0.00 M-4 13,892,000.00 2.25000% 13,892,000.00 26,915.75 0.00 0.00 M-5 13,892,000.00 2.40000% 13,892,000.00 28,710.13 0.00 0.00 M-6 11,908,000.00 2.65000% 11,908,000.00 27,173.39 0.00 0.00 M-7 11,908,000.00 3.00000% 11,908,000.00 30,762.33 0.00 0.00 M-8 11,114,000.00 3.10000% 11,114,000.00 29,668.21 0.00 0.00 M-9 9,526,000.00 4.30000% 9,526,000.00 35,272.66 0.00 0.00 B 9,129,000.00 4.80000% 9,129,000.00 37,733.20 0.00 0.00 C 7,938,406.06 0.00000% 7,938,425.06 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 793,842,506.06 1,109,590.94 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 0.00 313,136.15 0.00 232,844,691.24 A-2 0.00 0.00 177,574.90 0.00 142,205,955.56 A-3 0.00 0.00 257,041.67 0.00 199,000,000.00 A-4 0.00 0.00 44,517.19 0.00 31,143,000.00 M-1 0.00 0.00 38,879.17 0.00 25,800,000.00 M-2 0.00 0.00 36,913.25 0.00 23,815,000.00 M-3 0.00 0.00 25,292.94 0.00 15,877,000.00 M-4 0.00 0.00 26,915.75 0.00 13,892,000.00 M-5 0.00 0.00 28,710.13 0.00 13,892,000.00 M-6 0.00 0.00 27,173.39 0.00 11,908,000.00 M-7 0.00 0.00 30,762.33 0.00 11,908,000.00 M-8 0.00 0.00 29,668.21 0.00 11,114,000.00 M-9 0.00 0.00 35,272.66 0.00 9,526,000.00 B 0.00 0.00 37,733.20 0.00 9,129,000.00 C 0.00 0.00 3,409,259.53 0.00 7,938,425.06 P 0.00 0.00 158,406.32 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,677,256.79 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-1 245,300,000.00 1.53000% 968.91356869 1.27654362 0.00000000 0.00000000 A-2 163,600,000.00 1.38000% 913.39790061 1.08542115 0.00000000 0.00000000 A-3 199,000,000.00 1.50000% 1000.00000000 1.29166668 0.00000000 0.00000000 A-4 31,143,000.00 1.66000% 1000.00000000 1.42944450 0.00000000 0.00000000 M-1 25,800,000.00 1.75000% 1000.00000000 1.50694457 0.00000000 0.00000000 M-2 23,815,000.00 1.80000% 1000.00000000 1.55000000 0.00000000 0.00000000 M-3 15,877,000.00 1.85000% 1000.00000000 1.59305536 0.00000000 0.00000000 M-4 13,892,000.00 2.25000% 1000.00000000 1.93750000 0.00000000 0.00000000 M-5 13,892,000.00 2.40000% 1000.00000000 2.06666643 0.00000000 0.00000000 M-6 11,908,000.00 2.65000% 1000.00000000 2.28194407 0.00000000 0.00000000 M-7 11,908,000.00 3.00000% 1000.00000000 2.58333305 0.00000000 0.00000000 M-8 11,114,000.00 3.10000% 1000.00000000 2.66944484 0.00000000 0.00000000 M-9 9,526,000.00 4.30000% 1000.00000000 3.70277766 0.00000000 0.00000000 B 9,129,000.00 4.80000% 1000.00000000 4.13333333 0.00000000 0.00000000 C 7,938,406.06 0.00000% 1000.00239343 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 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 1.27654362 0.00000000 949.22417954 A-2 0.00000000 0.00000000 1.08542115 0.00000000 869.22955721 A-3 0.00000000 0.00000000 1.29166668 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 1.42944450 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.50694457 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.55000000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 1.59305536 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 1.93750000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.06666643 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 2.28194407 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 2.58333305 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 2.66944484 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 3.70277766 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.13333333 0.00000000 1000.00000000 C 0.00000000 0.00000000 429.46398864 0.00000000 1000.00239343 P 0.00000000 0.00000000 1584063.20000000 0.00000000 1000.00000000 R 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 16,899,824.63 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 158,406.32 Total Deposits 17,058,230.95 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 325,226.02 Payment of Interest and Principal 16,733,004.93 Total Withdrawals (Pool Distribution Amount) 17,058,230.95 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 321,687.51 Trustee Fee 3,538.51 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 325,226.02
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 0.00
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 201 0 0 0 201 28,287,824.54 0.00 0.00 0.00 28,287,824.54 60 Days 49 0 0 0 49 7,259,009.19 0.00 0.00 0.00 7,259,009.19 90 Days 12 21 24 0 57 1,826,039.69 3,054,062.52 4,336,482.92 0.00 9,216,585.13 120 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 262 21 24 0 307 37,372,873.42 3,054,062.52 4,336,482.92 0.00 44,763,418.86 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.916602% 0.000000% 0.000000% 0.000000% 3.916602% 3.722116% 0.000000% 0.000000% 0.000000% 3.722116% 60 Days 0.954793% 0.000000% 0.000000% 0.000000% 0.954793% 0.955141% 0.000000% 0.000000% 0.000000% 0.955141% 90 Days 0.233827% 0.409197% 0.467654% 0.000000% 1.110678% 0.240271% 0.401854% 0.570595% 0.000000% 1.212719% 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 5.105222% 0.409197% 0.467654% 0.000000% 5.982073% 4.917528% 0.401854% 0.570595% 0.000000% 5.889976%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 202,348.50
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.529175% Weighted Average Net Coupon 7.029175% Weighted Average Pass-Through Rate 7.023675% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 5,190 Number Of Loans Paid In Full 58 Ending Scheduled Collateral Loan Count 5,132 Beginning Scheduled Collateral Balance 772,048,920.00 Ending Scheduled Collateral Balance 759,993,171.86 Ending Actual Collateral Balance at 30-Jun-2004 759,993,171.86 Monthly P &I Constant 5,262,772.09 Special Servicing Fee 0.00 Prepayment Penalties 158,406.32 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 759,993,171.86 Scheduled Principal 418,695.97 Unscheduled Principal 11,637,052.17 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 7,938,425.06 Overcollateralized Amount 238,081,425.06 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00
Current Loans - Count / Balance 4,854 / $721,749,805.22
Miscellaneous Reporting Credit Enhancement Percentage 20.0505% Extra Principal Amount 0.00 Overcollateralization Deficiency Amount 0.00 Overcollateralization Increase Amount 0.00 Overcollateralization Amount 7,938,425.06 Overcollateralization Release Amount 0.00 Target Overcollateralization Amount 7,938,425.06 Step Down Do Not Stepdown Trigger Event Not In Trigger Next Month A-1 Coupon 1.680000% Next Month A-2 Coupon 1.910000% Next Month A-3 Coupon 2.140000% Next Month A-4 Coupon 2.370000% Next Month M-1 Coupon 2.600000% Next Month M-2 Coupon 2.830000% Next Month M-3 Coupon 3.060000% Next Month M-4 Coupon 3.290000% Next Month M-5 Coupon 3.520000% Next Month M-6 Coupon 3.750000% Next Month M-7 Coupon 3.980000% Next Month M-8 Coupon 4.210000% Next Month M-9 Coupon 4.440000% Soldier/Sailor Adjustment 0.00
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.584868 7.494337 7.529175 Weighted Average Net Rate 7.084868 6.994337 7.029175 Weighted Average Maturity 353 353 353 Beginning Loan Count 2,184 3,006 5,190 Loans Paid In Full 26 32 58 Ending Loan Count 2,158 2,974 5,132 Beginning Scheduled Balance 297,095,605.97 474,953,314.03 772,048,920.00 Ending scheduled Balance 292,265,798.81 467,727,373.05 759,993,171.86 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 2,047,218.01 3,215,554.08 5,262,772.09 Scheduled Principal 169,358.89 249,337.08 418,695.97 Unscheduled Principal 4,660,448.27 6,976,603.90 11,637,052.17 Scheduled Interest 1,877,859.12 2,966,217.00 4,844,076.12 Servicing Fees 123,789.81 197,897.24 321,687.05 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,361.68 2,176.90 3,538.58 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,752,707.63 2,766,142.86 4,518,850.49 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.079368 6.988837 7.023675
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