-----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, LC1gPrJF89wFT3tcz8baeaf1NUKRlYFvdC4YKAUVN9us809xUQsJySgYraBFqUIC iwRMbom5X5rnjX5JFgE4Pg== 0001056404-04-003138.txt : 20040928 0001056404-04-003138.hdr.sgml : 20040928 20040928145851 ACCESSION NUMBER: 0001056404-04-003138 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: 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: 041049633 BUSINESS ADDRESS: STREET 1: 600 STEAMBOAT ROAD CITY: GREENWICH STATE: CT ZIP: 92618 8-K 1 ffm04fh1_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 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) 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 FIRST FRANKLIN MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2004-FFH1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-FFH1 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. FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2004-FFH1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee 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 Certificates, Series 2004-FFH1 Trust, relating to the September 27, 2004 distribution. EX-99.1
First Franklin Mortgage Loan Trust Asset Backed Certificates Record Date: 8/31/2004 Distribution Date: 9/27/2004 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 1.84500% 227,103,077.80 384,088.08 5,037,275.78 A-2 32027NGM7 SEN 1.69500% 132,630,061.72 206,073.96 7,269,945.01 A-3 32027NGN5 SEN 1.81500% 199,000,000.00 331,086.25 0.00 A-4 32027NGP0 SEN 1.97500% 31,143,000.00 56,381.81 0.00 M-1 32027NGQ8 MEZ 2.06500% 25,800,000.00 48,837.25 0.00 M-2 32027NGR6 MEZ 2.11500% 23,815,000.00 46,171.33 0.00 M-3 32027NGS4 MEZ 2.16500% 15,877,000.00 31,509.23 0.00 M-4 32027NGT2 MEZ 2.56500% 13,892,000.00 32,663.57 0.00 M-5 32027NGU9 MEZ 2.71500% 13,892,000.00 34,573.72 0.00 M-6 32027NGV7 MEZ 2.96500% 11,908,000.00 32,364.95 0.00 M-7 32027NGW5 MEZ 3.31500% 11,908,000.00 36,185.44 0.00 M-8 32027NGX3 MEZ 3.41500% 11,114,000.00 34,791.45 0.00 M-9 32027NGY1 MEZ 4.61500% 9,526,000.00 40,298.95 0.00 B 32027NGZ8 SUB 5.11500% 9,129,000.00 42,803.60 0.00 C FFM04FH1C SEN 0.00000% 7,938,425.06 3,356,912.77 0.00 P FFM04FH1P SEN 0.00000% 100.00 203,633.42 0.00 R 32027NHA2 RES 0.00000% 0.00 0.00 0.00 Totals 744,675,664.58 4,918,375.78 12,307,220.79
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 222,065,802.02 5,421,363.86 0.00 A-2 0.00 125,360,116.71 7,476,018.97 0.00 A-3 0.00 199,000,000.00 331,086.25 0.00 A-4 0.00 31,143,000.00 56,381.81 0.00 M-1 0.00 25,800,000.00 48,837.25 0.00 M-2 0.00 23,815,000.00 46,171.33 0.00 M-3 0.00 15,877,000.00 31,509.23 0.00 M-4 0.00 13,892,000.00 32,663.57 0.00 M-5 0.00 13,892,000.00 34,573.72 0.00 M-6 0.00 11,908,000.00 32,364.95 0.00 M-7 0.00 11,908,000.00 36,185.44 0.00 M-8 0.00 11,114,000.00 34,791.45 0.00 M-9 0.00 9,526,000.00 40,298.95 0.00 B 0.00 9,129,000.00 42,803.60 0.00 C 0.00 7,938,425.06 3,356,912.77 0.00 P 0.00 100.00 203,633.42 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 732,368,443.79 17,225,596.57 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-1 245,300,000.00 227,103,077.80 166,478.93 4,870,796.85 0.00 0.00 A-2 163,600,000.00 132,630,061.72 244,559.37 7,025,385.64 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 793,842,506.06 744,675,664.58 411,038.30 11,896,182.49 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 5,037,275.78 222,065,802.02 0.90528252 5,037,275.78 A-2 7,269,945.01 125,360,116.71 0.76625988 7,269,945.01 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 12,307,220.79 732,368,443.79 0.92256139 12,307,220.79
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 245,300,000.00 925.81768365 0.67867481 19.85648940 0.00000000 A-2 163,600,000.00 810.69719878 1.49486167 42.94245501 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 20.53516421 905.28251945 0.90528252 20.53516421 A-2 0.00000000 44.43731669 766.25988209 0.76625988 44.43731669 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 1.84500% 227,103,077.80 384,088.08 0.00 0.00 A-2 163,600,000.00 1.69500% 132,630,061.72 206,073.96 0.00 0.00 A-3 199,000,000.00 1.81500% 199,000,000.00 331,086.25 0.00 0.00 A-4 31,143,000.00 1.97500% 31,143,000.00 56,381.81 0.00 0.00 M-1 25,800,000.00 2.06500% 25,800,000.00 48,837.25 0.00 0.00 M-2 23,815,000.00 2.11500% 23,815,000.00 46,171.33 0.00 0.00 M-3 15,877,000.00 2.16500% 15,877,000.00 31,509.23 0.00 0.00 M-4 13,892,000.00 2.56500% 13,892,000.00 32,663.57 0.00 0.00 M-5 13,892,000.00 2.71500% 13,892,000.00 34,573.72 0.00 0.00 M-6 11,908,000.00 2.96500% 11,908,000.00 32,364.95 0.00 0.00 M-7 11,908,000.00 3.31500% 11,908,000.00 36,185.44 0.00 0.00 M-8 11,114,000.00 3.41500% 11,114,000.00 34,791.45 0.00 0.00 M-9 9,526,000.00 4.61500% 9,526,000.00 40,298.95 0.00 0.00 B 9,129,000.00 5.11500% 9,129,000.00 42,803.60 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 1,357,829.59 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 0.00 384,088.08 0.00 222,065,802.02 A-2 0.00 0.00 206,073.96 0.00 125,360,116.71 A-3 0.00 0.00 331,086.25 0.00 199,000,000.00 A-4 0.00 0.00 56,381.81 0.00 31,143,000.00 M-1 0.00 0.00 48,837.25 0.00 25,800,000.00 M-2 0.00 0.00 46,171.33 0.00 23,815,000.00 M-3 0.00 0.00 31,509.23 0.00 15,877,000.00 M-4 0.00 0.00 32,663.57 0.00 13,892,000.00 M-5 0.00 0.00 34,573.72 0.00 13,892,000.00 M-6 0.00 0.00 32,364.95 0.00 11,908,000.00 M-7 0.00 0.00 36,185.44 0.00 11,908,000.00 M-8 0.00 0.00 34,791.45 0.00 11,114,000.00 M-9 0.00 0.00 40,298.95 0.00 9,526,000.00 B 0.00 0.00 42,803.60 0.00 9,129,000.00 C 0.00 0.00 3,356,912.77 0.00 7,938,425.06 P 0.00 0.00 203,633.42 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,918,375.78 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 1.84500% 925.81768365 1.56578916 0.00000000 0.00000000 A-2 163,600,000.00 1.69500% 810.69719878 1.25962078 0.00000000 0.00000000 A-3 199,000,000.00 1.81500% 1000.00000000 1.66375000 0.00000000 0.00000000 A-4 31,143,000.00 1.97500% 1000.00000000 1.81041679 0.00000000 0.00000000 M-1 25,800,000.00 2.06500% 1000.00000000 1.89291667 0.00000000 0.00000000 M-2 23,815,000.00 2.11500% 1000.00000000 1.93874995 0.00000000 0.00000000 M-3 15,877,000.00 2.16500% 1000.00000000 1.98458336 0.00000000 0.00000000 M-4 13,892,000.00 2.56500% 1000.00000000 2.35125036 0.00000000 0.00000000 M-5 13,892,000.00 2.71500% 1000.00000000 2.48875036 0.00000000 0.00000000 M-6 11,908,000.00 2.96500% 1000.00000000 2.71791653 0.00000000 0.00000000 M-7 11,908,000.00 3.31500% 1000.00000000 3.03875042 0.00000000 0.00000000 M-8 11,114,000.00 3.41500% 1000.00000000 3.13041659 0.00000000 0.00000000 M-9 9,526,000.00 4.61500% 1000.00000000 4.23041675 0.00000000 0.00000000 B 9,129,000.00 5.11500% 1000.00000000 4.68875014 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 1.56578916 0.00000000 905.28251945 A-2 0.00000000 0.00000000 1.25962078 0.00000000 766.25988209 A-3 0.00000000 0.00000000 1.66375000 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 1.81041679 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.89291667 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.93874995 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 1.98458336 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.35125036 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.48875036 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 2.71791653 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 3.03875042 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 3.13041659 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 4.23041675 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.68875014 0.00000000 1000.00000000 C 0.00000000 0.00000000 422.86987396 0.00000000 1000.00239343 P 0.00000000 0.00000000 2036334.20000000 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 17,581,628.10 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 203,633.42 Total Deposits 17,785,261.52 Withdrawals Reimbursement for Servicer Advances 245,970.31 Payment of Service Fee 313,694.64 Payment of Interest and Principal 17,225,596.57 Total Withdrawals (Pool Distribution Amount) 17,785,261.52 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 310,281.53 Trustee Fee 3,413.11 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 313,694.64
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 356,597.50 0.00 0.00 Reserve Fund 1,000.00 356,597.50 356,597.50 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 236 0 0 0 236 31,433,713.10 0.00 0.00 0.00 31,433,713.10 60 Days 76 0 0 0 76 11,117,956.07 0.00 0.00 0.00 11,117,956.07 90 Days 9 32 42 2 85 1,427,092.84 4,719,586.44 6,591,385.64 187,205.53 12,925,270.45 120 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 321 32 42 2 397 43,978,762.01 4,719,586.44 6,591,385.64 187,205.53 55,476,939.62 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 4.730407% 0.000000% 0.000000% 0.000000% 4.730407% 4.292063% 0.000000% 0.000000% 0.000000% 4.292063% 60 Days 1.523351% 0.000000% 0.000000% 0.000000% 1.523351% 1.518082% 0.000000% 0.000000% 0.000000% 1.518082% 90 Days 0.180397% 0.641411% 0.841852% 0.040088% 1.703748% 0.194860% 0.644428% 0.900010% 0.025562% 1.764859% 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 6.434155% 0.641411% 0.841852% 0.040088% 7.957507% 6.005005% 0.644428% 0.900010% 0.025562% 7.575004%
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 Mixed Fixed & Arm Weighted Average Gross Coupon 7.528388% Weighted Average Net Coupon 7.028388% Weighted Average Pass-Through Rate 7.022888% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 5,055 Number Of Loans Paid In Full 66 Ending Scheduled Collateral Loan Count 4,989 Beginning Scheduled Collateral Balance 744,675,664.58 Ending Scheduled Collateral Balance 732,368,443.79 Ending Actual Collateral Balance at 31-Aug-2004 732,368,443.79 Monthly P &I Constant 5,082,877.69 Special Servicing Fee 0.00 Prepayment Penalties 203,633.42 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 732,368,443.79 Scheduled Principal 411,038.30 Unscheduled Principal 11,896,182.49
Miscellaneous Reporting Credit Enhancement Percentage 20.7875% 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 Not in Stepdown Trigger Event Not in Trigger Cap Payment 356,597.50 Next Month A-1 Coupon 2.07000% Next Month A-2 Coupon 2.30000% Next Month A-3 Coupon 2.53000% Next Month A-4 Coupon 2.76000% Next Month M-1 Coupon 2.99000% Next Month M-2 Coupon 3.22000% Next Month M-3 Coupon 3.45000% Next Month M-4 Coupon 3.68000% Next Month M-5 Coupon 3.91000% Next Month M-6 Coupon 4.14000% Next Month M-7 Coupon 4.37000% Next Month M-8 Coupon 4.60000% Next Month M-9 Coupon 4.83000% 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 7.577422 7.497722 7.528388 Weighted Average Net Rate 7.077422 6.997722 7.028388 Weighted Average Maturity 351 351 351 Beginning Loan Count 2,124 2,931 5,055 Loans Paid In Full 27 39 66 Ending Loan Count 2,097 2,892 4,989 Beginning Scheduled Balance 286,524,185.37 458,151,479.21 744,675,664.58 Ending scheduled Balance 281,486,909.59 450,881,534.20 732,368,443.79 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 1,975,741.18 3,107,136.51 5,082,877.69 Scheduled Principal 166,478.93 244,559.37 411,038.30 Unscheduled Principal 4,870,796.85 7,025,385.64 11,896,182.49 Scheduled Interest 1,809,262.25 2,862,577.14 4,671,839.39 Servicing Fees 119,385.11 190,896.42 310,281.53 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,313.20 2,099.91 3,413.11 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 1,688,563.94 2,669,580.81 4,358,144.75 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 7.071922 6.992222 7.022888
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