-----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, UYWRMs7sDH/OYE7sP/AO6Y9HdYFW/h98AabKeMjl2jsUjVTH26ncl896EGpn+8X/ yS7HyitmRVHRlKUDYNIzMQ== 0001056404-05-000205.txt : 20050105 0001056404-05-000205.hdr.sgml : 20050105 20050105072600 ACCESSION NUMBER: 0001056404-05-000205 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041227 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050105 DATE AS OF CHANGE: 20050105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GS MORTGAGE SEC CORP MORTGA MORT PASSTHR CERTS SER 2004-FM2 CENTRAL INDEX KEY: 0001285096 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-100818-27 FILM NUMBER: 05510374 BUSINESS ADDRESS: STREET 1: 85 BROAD STREET CITY: NEW YORK STATE: NY ZIP: 10004 8-K 1 gsp04fm2_dec.txt DECEMBER 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): December 27, 2004 GOLDMAN SACHS MORTGAGE SECURITIES CORP. Mortgage Pass-Through Certificates, Series 2004-FM2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-100818-27 54-2150431 Pooling and Servicing Agreement) (Commission 54-2150432 (State or other File Number) 54-6601036 jurisdiction IRS EIN 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 December 27, 2004 a distribution was made to holders of GOLDMAN SACHS MORTGAGE SECURITIES CORP., Mortgage Pass-Through Certificates, Series 2004-FM2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-FM2 Trust, relating to the December 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. GOLDMAN SACHS MORTGAGE SECURITIES CORP. Mortgage Pass-Through Certificates, Series 2004-FM2 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: 12/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-FM2 Trust, relating to the December 27, 2004 distribution. EX-99.1
GS Mortgage Securities Corp Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 GS Mortgage Securities Corp Mortgage Pass-Through Certificates Series 2004-FM2 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 36228FN85 SEN 2.41063% 170,223,560.53 353,353.52 15,835,432.04 A-2A 36228FM60 SEN 2.39063% 183,753,674.03 378,274.96 21,231,658.17 A-2B 36228FM78 SEN 2.54063% 30,188,000.00 66,044.24 0.00 A-3A 36228FM86 SEN 2.31063% 126,555,454.64 251,808.55 22,742,554.07 A-3B 36228FM94 SEN 2.60063% 44,069,000.00 98,689.50 0.00 M-1 36228FN28 MEZ 2.68063% 67,695,000.00 156,261.74 0.00 M-2 36228FN36 MEZ 3.28063% 55,159,000.00 155,823.46 0.00 M-3 36228FN44 MEZ 3.48063% 17,550,000.00 52,601.02 0.00 B-1 36228FN51 SUB 3.93063% 15,044,000.00 50,919.56 0.00 B-2 36228FN69 SUB 4.03063% 14,542,000.00 50,472.67 0.00 B-3 36228FN77 SUB 5.18063% 13,037,000.00 58,159.34 0.00 B-4 36228FN93 SUB 5.68063% 12,536,000.00 61,321.77 0.00 X 362260AL5 SEN 0.00000% 10,028,854.96 2,556,440.66 0.00 P 362260AJ0 SEN 0.00000% 0.00 1,041,369.55 0.00 R GSP04FM2R RES 0.00000% 0.00 0.00 0.00 Totals 760,381,544.16 5,331,540.54 59,809,644.28
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 154,388,128.49 16,188,785.56 0.00 A-2A 0.00 162,522,015.85 21,609,933.13 0.00 A-2B 0.00 30,188,000.00 66,044.24 0.00 A-3A 0.00 103,812,900.57 22,994,362.62 0.00 A-3B 0.00 44,069,000.00 98,689.50 0.00 M-1 0.00 67,695,000.00 156,261.74 0.00 M-2 0.00 55,159,000.00 155,823.46 0.00 M-3 0.00 17,550,000.00 52,601.02 0.00 B-1 0.00 15,044,000.00 50,919.56 0.00 B-2 0.00 14,542,000.00 50,472.67 0.00 B-3 0.00 13,037,000.00 58,159.34 0.00 B-4 0.00 12,536,000.00 61,321.77 0.00 X 0.00 10,028,854.96 2,556,440.66 0.00 P 0.00 0.00 1,041,369.55 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 700,571,899.87 65,141,184.82 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-1 241,162,000.00 170,223,560.53 0.00 15,835,432.04 0.00 0.00 A-2A 271,687,000.00 183,753,674.03 0.00 21,231,658.17 0.00 0.00 A-2B 30,188,000.00 30,188,000.00 0.00 0.00 0.00 0.00 A-3A 210,187,000.00 126,555,454.64 0.00 22,742,554.07 0.00 0.00 A-3B 44,069,000.00 44,069,000.00 0.00 0.00 0.00 0.00 M-1 67,695,000.00 67,695,000.00 0.00 0.00 0.00 0.00 M-2 55,159,000.00 55,159,000.00 0.00 0.00 0.00 0.00 M-3 17,550,000.00 17,550,000.00 0.00 0.00 0.00 0.00 B-1 15,044,000.00 15,044,000.00 0.00 0.00 0.00 0.00 B-2 14,542,000.00 14,542,000.00 0.00 0.00 0.00 0.00 B-3 13,037,000.00 13,037,000.00 0.00 0.00 0.00 0.00 B-4 12,536,000.00 12,536,000.00 0.00 0.00 0.00 0.00 X 10,029,495.99 10,028,854.96 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,002,885,495.99 760,381,544.16 0.00 59,809,644.28 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 15,835,432.04 154,388,128.49 0.64018431 15,835,432.04 A-2A 21,231,658.17 162,522,015.85 0.59819578 21,231,658.17 A-2B 0.00 30,188,000.00 1.00000000 0.00 A-3A 22,742,554.07 103,812,900.57 0.49390733 22,742,554.07 A-3B 0.00 44,069,000.00 1.00000000 0.00 M-1 0.00 67,695,000.00 1.00000000 0.00 M-2 0.00 55,159,000.00 1.00000000 0.00 M-3 0.00 17,550,000.00 1.00000000 0.00 B-1 0.00 15,044,000.00 1.00000000 0.00 B-2 0.00 14,542,000.00 1.00000000 0.00 B-3 0.00 13,037,000.00 1.00000000 0.00 B-4 0.00 12,536,000.00 1.00000000 0.00 X 0.00 10,028,854.96 0.99993609 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 59,809,644.28 700,571,899.87 0.69855622 59,809,644.28
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 241,162,000.00 705.84735792 0.00000000 65.66304824 0.00000000 A-2A 271,687,000.00 676.34327012 0.00000000 78.14749388 0.00000000 A-2B 30,188,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3A 210,187,000.00 602.10885849 0.00000000 108.20152564 0.00000000 A-3B 44,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 67,695,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 55,159,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 17,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 15,044,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 14,542,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 13,037,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 12,536,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 10,029,495.99 999.93608552 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 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 65.66304824 640.18430968 0.64018431 65.66304824 A-2A 0.00000000 78.14749388 598.19577621 0.59819578 78.14749388 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3A 0.00000000 108.20152564 493.90733285 0.49390733 108.20152564 A-3B 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 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 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.93608552 0.99993609 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 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-1 241,162,000.00 2.41063% 170,223,560.53 353,353.52 0.00 0.00 A-2A 271,687,000.00 2.39063% 183,753,674.03 378,274.96 0.00 0.00 A-2B 30,188,000.00 2.54063% 30,188,000.00 66,044.24 0.00 0.00 A-3A 210,187,000.00 2.31063% 126,555,454.64 251,808.55 0.00 0.00 A-3B 44,069,000.00 2.60063% 44,069,000.00 98,689.50 0.00 0.00 M-1 67,695,000.00 2.68063% 67,695,000.00 156,261.74 0.00 0.00 M-2 55,159,000.00 3.28063% 55,159,000.00 155,823.45 0.00 0.00 M-3 17,550,000.00 3.48063% 17,550,000.00 52,601.02 0.00 0.00 B-1 15,044,000.00 3.93063% 15,044,000.00 50,919.56 0.00 0.00 B-2 14,542,000.00 4.03063% 14,542,000.00 50,472.67 0.00 0.00 B-3 13,037,000.00 5.18063% 13,037,000.00 58,159.34 0.00 0.00 B-4 12,536,000.00 5.68063% 12,536,000.00 61,321.77 0.00 0.00 X 10,029,495.99 0.00000% 10,028,854.96 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,002,885,495.99 1,733,730.32 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 0.00 353,353.52 0.00 154,388,128.49 A-2A 0.00 0.00 378,274.96 0.00 162,522,015.85 A-2B 0.00 0.00 66,044.24 0.00 30,188,000.00 A-3A 0.00 0.00 251,808.55 0.00 103,812,900.57 A-3B 0.00 0.00 98,689.50 0.00 44,069,000.00 M-1 0.00 0.00 156,261.74 0.00 67,695,000.00 M-2 0.00 0.00 155,823.46 0.00 55,159,000.00 M-3 0.00 0.00 52,601.02 0.00 17,550,000.00 B-1 0.00 0.00 50,919.56 0.00 15,044,000.00 B-2 0.00 0.00 50,472.67 0.00 14,542,000.00 B-3 0.00 0.00 58,159.34 0.00 13,037,000.00 B-4 0.00 0.00 61,321.77 0.00 12,536,000.00 X 0.00 0.00 2,556,440.66 0.00 10,028,854.96 P 0.00 0.00 1,041,369.55 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,331,540.54 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-1 241,162,000.00 2.41063% 705.84735792 1.46521226 0.00000000 0.00000000 A-2A 271,687,000.00 2.39063% 676.34327012 1.39231896 0.00000000 0.00000000 A-2B 30,188,000.00 2.54063% 1000.00000000 2.18776467 0.00000000 0.00000000 A-3A 210,187,000.00 2.31063% 602.10885849 1.19802152 0.00000000 0.00000000 A-3B 44,069,000.00 2.60063% 1000.00000000 2.23943135 0.00000000 0.00000000 M-1 67,695,000.00 2.68063% 1000.00000000 2.30832026 0.00000000 0.00000000 M-2 55,159,000.00 3.28063% 1000.00000000 2.82498686 0.00000000 0.00000000 M-3 17,550,000.00 3.48063% 1000.00000000 2.99720912 0.00000000 0.00000000 B-1 15,044,000.00 3.93063% 1000.00000000 3.38470885 0.00000000 0.00000000 B-2 14,542,000.00 4.03063% 1000.00000000 3.47082038 0.00000000 0.00000000 B-3 13,037,000.00 5.18063% 1000.00000000 4.46109841 0.00000000 0.00000000 B-4 12,536,000.00 5.68063% 1000.00000000 4.89165364 0.00000000 0.00000000 X 10,029,495.99 0.00000% 999.93608552 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 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 1.46521226 0.00000000 640.18430968 A-2A 0.00000000 0.00000000 1.39231896 0.00000000 598.19577621 A-2B 0.00000000 0.00000000 2.18776467 0.00000000 1000.00000000 A-3A 0.00000000 0.00000000 1.19802152 0.00000000 493.90733285 A-3B 0.00000000 0.00000000 2.23943135 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.30832026 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.82498704 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.99720912 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.38470885 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.47082038 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.46109841 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 4.89165364 0.00000000 1000.00000000 X 0.00000000 0.00000000 254.89223612 0.00000000 999.93608552 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 65,495,064.13 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) (33,885.43) Prepayment Penalties 0.00 Total Deposits 65,461,178.70 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 319,993.88 Payment of Interest and Principal 65,141,184.82 Total Withdrawals (Pool Distribution Amount) 65,461,178.70 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 316,825.66 Trustee Fee 3,168.22 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 319,993.88
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 16 0 0 16 2,237,916.11 0.00 0.00 2,237,916.11 30 Days 87 5 0 0 92 15,568,497.64 461,220.46 0.00 0.00 16,029,718.10 60 Days 24 2 5 0 31 3,259,470.92 224,735.55 603,960.10 0.00 4,088,166.57 90 Days 14 5 15 0 34 1,475,792.05 594,762.50 3,118,814.50 0.00 5,189,369.05 120 Days 7 3 9 2 21 594,453.80 352,630.55 1,420,839.88 224,636.10 2,592,560.33 150 Days 3 1 8 1 13 154,570.81 91,658.36 1,857,226.10 127,496.69 2,230,951.96 180+ Days 5 6 18 5 34 203,191.83 1,056,884.16 2,474,576.40 950,569.08 4,685,221.47 Totals 140 38 55 8 241 21,255,977.05 5,019,807.69 9,475,416.98 1,302,701.87 37,053,903.59 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 0.397516% 0.000000% 0.000000% 0.397516% 0.319441% 0.000000% 0.000000% 0.319441% 30 Days 2.161491% 0.124224% 0.000000% 0.000000% 2.285714% 2.222256% 0.065835% 0.000000% 0.000000% 2.288090% 60 Days 0.596273% 0.049689% 0.124224% 0.000000% 0.770186% 0.465259% 0.032079% 0.086210% 0.000000% 0.583547% 90 Days 0.347826% 0.124224% 0.372671% 0.000000% 0.844720% 0.210655% 0.084897% 0.445181% 0.000000% 0.740733% 120 Days 0.173913% 0.074534% 0.223602% 0.049689% 0.521739% 0.084853% 0.050335% 0.202811% 0.032065% 0.370063% 150 Days 0.074534% 0.024845% 0.198758% 0.024845% 0.322981% 0.022064% 0.013083% 0.265101% 0.018199% 0.318447% 180+ Days 0.124224% 0.149068% 0.447205% 0.124224% 0.844720% 0.029004% 0.150860% 0.353222% 0.135685% 0.668771% Totals 3.478261% 0.944099% 1.366460% 0.198758% 5.987578% 3.034089% 0.716530% 1.352526% 0.185948% 5.289094%
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 7.329186% Weighted Average Net Coupon 6.829186% Weighted Average Pass-Through Rate 6.824186% Weighted Average Maturity(Stepdown Calculation ) 340 Beginning Scheduled Collateral Loan Count 4,338 Number Of Loans Paid In Full 313 Ending Scheduled Collateral Loan Count 4,025 Beginning Scheduled Collateral Balance 760,381,544.15 Ending Scheduled Collateral Balance 700,571,899.87 Ending Actual Collateral Balance at 30-Nov-2004 700,571,899.87 Monthly P &I Constant 5,282,557.51 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 33,885.43 Cumulative Realized Loss 106,713.48 Ending Scheduled Balance for Premium Loans 700,571,899.87 Scheduled Principal 638,409.16 Unscheduled Principal 59,171,235.12 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 10,028,854.96 Overcollateralized Amount 10,028,854.96 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 33,885.43 Excess Cash Amount 2,590,326.09
Miscellaneous Reporting Excess Cash Amount 2,556,440.26 Extra Principal Amount 33,885.43 Overcollateralization Amount 10,028,854.96 Overcollateralization Deficiency Amount 0.00 Overcollateralization Reduction Amount 0.00 Overcollateralization Increase Amount 33,885.43 Overcollateralization Release Amount 0.00 Specified Overcollateralization Amount 10,028,854.96 Stepdown Not in Stepdown Overcollateralization Target Amount 10,028,854.96 Trigger Event Not in Trigger Cap Payment 0.00
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