-----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, CuHG5d5CdQUAj6t9IBGgFw4B7tRVbu0SkvWiabfc6vsx1jeA5CvJu6KhsAe2iO25 zY9QCl4qB8KL/cHkjssEuw== 0001056404-04-002230.txt : 20040713 0001056404-04-002230.hdr.sgml : 20040713 20040713123004 ACCESSION NUMBER: 0001056404-04-002230 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040712 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040713 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTR ASSET BACKED SECURITIES TRUST 2004-OPT1 CENTRAL INDEX KEY: 0001285109 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-106982-19 FILM NUMBER: 04911581 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K/A 1 mab04op1_apr.txt APRIL 8KA 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): April 26, 2004 MASTR ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-OP1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-19 54-2150434 Pooling and Servicing Agreement) (Commission 54-2150433 (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 An amendment is being filed because the 8K for the April 26, 2004 distribution had the incorrect monthly distribution report attached. The March 2004 distribution report was filed in lieu of the April 2004 report. The April 2004 report is included herewith. 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 Mortgage Pass-Through Certificates, Series 2004-OP1 Trust, relating to the April 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. MASTR ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-OP1 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: 7/9/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-OP1 Trust, relating to the April 26, 2004 distribution. EX-99.1
MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates Record Date: 3/31/04 Distribution Date: 4/26/04 MABS Series: 2004-OP1 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 57643LCE4 SEN 1.37000% 240,738,000.00 247,358.29 6,256,655.80 A-2 57643LCF1 SEN 1.37000% 129,838,000.00 133,408.54 3,461,419.65 A-3 57643LCG9 SEN 1.35000% 183,503,000.00 185,796.79 4,104,966.55 M-1 57643LCH7 MEZ 1.61000% 42,151,000.00 50,897.33 0.00 M-2 57643LCJ3 MEZ 2.19000% 34,333,000.00 56,391.95 0.00 M-3 57643LCK0 MEZ 2.39000% 10,538,000.00 18,889.36 0.00 M-4 57643LCL8 MEZ 2.64000% 8,158,000.00 16,152.84 0.00 M-5 57643LCM6 MEZ 2.79000% 8,838,000.00 18,493.51 0.00 M-6 57643LCN4 MEZ 3.84000% 6,799,000.00 19,581.12 0.00 M-7 57643LCP9 MEZ 4.84000% 7,138,000.00 25,910.94 0.00 CE MAB4OPT1C OC 0.00000% 7,817,754.23 3,295,318.62 0.00 R MAB4OP1R2 RES 0.00000% 0.00 0.00 0.00 P MAB4OPT1P Pre-pay 0.00000% 100.00 160,922.20 0.00 Totals 679,851,854.23 4,229,121.49 13,823,042.00
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 234,481,344.20 6,504,014.09 0.00 A-2 0.00 126,376,580.35 3,594,828.19 0.00 A-3 0.00 179,398,033.45 4,290,763.34 0.00 M-1 0.00 42,151,000.00 50,897.33 0.00 M-2 0.00 34,333,000.00 56,391.95 0.00 M-3 0.00 10,538,000.00 18,889.36 0.00 M-4 0.00 8,158,000.00 16,152.84 0.00 M-5 0.00 8,838,000.00 18,493.51 0.00 M-6 0.00 6,799,000.00 19,581.12 0.00 M-7 0.00 7,138,000.00 25,910.94 0.00 CE 0.00 7,818,296.32 3,295,318.62 0.00 R 0.00 0.00 0.00 0.00 P 0.00 100.00 160,922.20 0.00 Totals 0.00 666,029,354.32 18,052,163.49 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-1 240,738,000.00 240,738,000.00 0.00 6,256,655.80 0.00 0.00 A-2 129,838,000.00 129,838,000.00 0.00 3,461,419.65 0.00 0.00 A-3 183,503,000.00 183,503,000.00 0.00 4,104,966.55 0.00 0.00 M-1 42,151,000.00 42,151,000.00 0.00 0.00 0.00 0.00 M-2 34,333,000.00 34,333,000.00 0.00 0.00 0.00 0.00 M-3 10,538,000.00 10,538,000.00 0.00 0.00 0.00 0.00 M-4 8,158,000.00 8,158,000.00 0.00 0.00 0.00 0.00 M-5 8,838,000.00 8,838,000.00 0.00 0.00 0.00 0.00 M-6 6,799,000.00 6,799,000.00 0.00 0.00 0.00 0.00 M-7 7,138,000.00 7,138,000.00 0.00 0.00 0.00 0.00 CE 7,817,754.23 7,817,754.23 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 679,851,854.23 679,851,854.23 0.00 13,823,042.00 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 6,256,655.80 234,481,344.20 0.97401052 6,256,655.80 A-2 3,461,419.65 126,376,580.35 0.97334047 3,461,419.65 A-3 4,104,966.55 179,398,033.45 0.97762998 4,104,966.55 M-1 0.00 42,151,000.00 1.00000000 0.00 M-2 0.00 34,333,000.00 1.00000000 0.00 M-3 0.00 10,538,000.00 1.00000000 0.00 M-4 0.00 8,158,000.00 1.00000000 0.00 M-5 0.00 8,838,000.00 1.00000000 0.00 M-6 0.00 6,799,000.00 1.00000000 0.00 M-7 0.00 7,138,000.00 1.00000000 0.00 CE 0.00 7,818,296.32 1.00006934 0.00 R 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 13,823,042.00 666,029,354.32 0.97966836 13,823,042.00
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 240,738,000.00 1000.00000000 0.00000000 25.98948151 0.00000000 A-2 129,838,000.00 1000.00000000 0.00000000 26.65952687 0.00000000 A-3 183,503,000.00 1000.00000000 0.00000000 22.37002420 0.00000000 M-1 42,151,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 34,333,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 10,538,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 8,158,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 8,838,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 6,799,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 7,138,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 7,817,754.23 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 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 25.98948151 974.01051849 0.97401052 25.98948151 A-2 0.00000000 26.65952687 973.34047313 0.97334047 26.65952687 A-3 0.00000000 22.37002420 977.62997580 0.97762998 22.37002420 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 CE 0.00000000 0.00000000 1,000.06934089 1.00006934 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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-1 240,738,000.00 1.37000% 240,738,000.00 247,358.30 0.00 0.00 A-2 129,838,000.00 1.37000% 129,838,000.00 133,408.55 0.00 0.00 A-3 183,503,000.00 1.35000% 183,503,000.00 185,796.79 0.00 0.00 M-1 42,151,000.00 1.61000% 42,151,000.00 50,897.33 0.00 0.00 M-2 34,333,000.00 2.19000% 34,333,000.00 56,391.95 0.00 0.00 M-3 10,538,000.00 2.39000% 10,538,000.00 18,889.37 0.00 0.00 M-4 8,158,000.00 2.64000% 8,158,000.00 16,152.84 0.00 0.00 M-5 8,838,000.00 2.79000% 8,838,000.00 18,493.51 0.00 0.00 M-6 6,799,000.00 3.84000% 6,799,000.00 19,581.12 0.00 0.00 M-7 7,138,000.00 4.84000% 7,138,000.00 25,910.94 0.00 0.00 CE 7,817,754.23 0.00000% 7,817,754.23 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 679,851,854.23 772,880.70 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 0.00 247,358.29 0.00 234,481,344.20 A-2 0.00 0.00 133,408.54 0.00 126,376,580.35 A-3 0.00 0.00 185,796.79 0.00 179,398,033.45 M-1 0.00 0.00 50,897.33 0.00 42,151,000.00 M-2 0.00 0.00 56,391.95 0.00 34,333,000.00 M-3 0.00 0.00 18,889.36 0.00 10,538,000.00 M-4 0.00 0.00 16,152.84 0.00 8,158,000.00 M-5 0.00 0.00 18,493.51 0.00 8,838,000.00 M-6 0.00 0.00 19,581.12 0.00 6,799,000.00 M-7 0.00 0.00 25,910.94 0.00 7,138,000.00 CE 0.00 0.00 3,295,318.62 0.00 7,818,296.32 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 160,922.20 0.00 100.00 Totals 0.00 0.00 4,229,121.49 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-1 240,738,000.00 1.37000% 1000.00000000 1.02750002 0.00000000 0.00000000 A-2 129,838,000.00 1.37000% 1000.00000000 1.02750004 0.00000000 0.00000000 A-3 183,503,000.00 1.35000% 1000.00000000 1.01250001 0.00000000 0.00000000 M-1 42,151,000.00 1.61000% 1000.00000000 1.20749994 0.00000000 0.00000000 M-2 34,333,000.00 2.19000% 1000.00000000 1.64249993 0.00000000 0.00000000 M-3 10,538,000.00 2.39000% 1000.00000000 1.79250047 0.00000000 0.00000000 M-4 8,158,000.00 2.64000% 1000.00000000 1.98000000 0.00000000 0.00000000 M-5 8,838,000.00 2.79000% 1000.00000000 2.09249943 0.00000000 0.00000000 M-6 6,799,000.00 3.84000% 1000.00000000 2.88000000 0.00000000 0.00000000 M-7 7,138,000.00 4.84000% 1000.00000000 3.63000000 0.00000000 0.00000000 CE 7,817,754.23 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 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 1.02749998 0.00000000 974.01051849 A-2 0.00000000 0.00000000 1.02749996 0.00000000 973.34047313 A-3 0.00000000 0.00000000 1.01250001 0.00000000 977.62997580 M-1 0.00000000 0.00000000 1.20749994 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.64249993 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 1.79249953 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 1.98000000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.09249943 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 2.88000000 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 3.63000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 421.51729551 0.00000000 1000.06934089 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1609222.00000000 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 18,065,736.60 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 160,922.20 Total Deposits 18,226,658.80 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 174,495.31 Payment of Interest and Principal 18,052,163.49 Total Withdrawals (Pool Distribution Amount) 18,226,658.80 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 169,962.94 Trustee Fee -Wells Fargo Bank, NA 4,532.37 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 174,495.31
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00 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 3 0 0 3 235,139.60 0.00 0.00 235,139.60 30 Days 15 0 0 0 15 3,031,933.34 0.00 0.00 0.00 3,031,933.34 60 Days 2 0 1 0 3 311,405.60 0.00 279,752.96 0.00 591,158.56 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 17 3 1 0 21 3,343,338.94 235,139.60 279,752.96 0.00 3,858,231.50 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 0.070423% 0.000000% 0.000000% 0.070423% 0.035299% 0.000000% 0.000000% 0.035299% 30 Days 0.352113% 0.000000% 0.000000% 0.000000% 0.352113% 0.455146% 0.000000% 0.000000% 0.000000% 0.455146% 60 Days 0.046948% 0.000000% 0.023474% 0.000000% 0.070423% 0.046747% 0.000000% 0.041996% 0.000000% 0.088743% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.399061% 0.070423% 0.023474% 0.000000% 0.492958% 0.501893% 0.035299% 0.041996% 0.000000% 0.579187%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8,759.52 Class M-1 83,621,854.23 12.30001120% 83,622,396.32 12.55536198% 6.328700% 0.000000% Class M-2 49,288,854.23 7.24994040% 49,289,396.32 7.40048408% 5.154878% 0.000000% Class M-3 38,750,854.23 5.69989682% 38,751,396.32 5.81827153% 1.582213% 0.000000% Class M-4 30,592,854.23 4.49992951% 30,593,396.32 4.59340059% 1.224871% 0.000000% Class CE 100.00 0.00001471% 100.00 0.00001501% 1.173867% 0.000000% Class R-II 100.00 0.00001471% 100.00 0.00001501% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000015% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.489697% Weighted Average Net Coupon 7.189697% Weighted Average Pass-Through Rate 7.181697% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 4,336 Number Of Loans Paid In Full 76 Ending Scheduled Collateral Loan Count 4,260 Beginning Scheduled Collateral Balance 679,851,854.23 Ending Scheduled Collateral Balance 666,029,354.33 Ending Actual Collateral Balance at 31-Mar-2004 666,145,803.96 Monthly P &I Constant 4,809,293.60 Special Servicing Fee 0.00 Prepayment Penalties 160,922.20 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 666,029,354.33 Scheduled Principal 566,056.88 Unscheduled Principal 13,256,443.02
Miscellaneous Reporting Net Monthly Excess Cashflow 3,295,860.71 Extra Principal Ditribution Amount 542.09 OC Amount 7,818,296.32 OC Deficiency Amount 542.09 OC Release Amount 0.00 OC Target Amount 7,818,296.32 Stepdown NO Trigger Event NO Credit Enhancement Percentage 18.883966%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.596400 9.464839 7.538119 Weighted Average Net Rate 7.296400 9.164828 7.238119 Weighted Average Maturity 351 351 351 Beginning Loan Count 767 3 1,305 Loans Paid In Full 11 0 27 Ending Loan Count 756 3 1,278 Beginning Scheduled Balance 103,803,623.35 256,910.87 191,323,092.13 Ending scheduled Balance 102,056,394.97 256,779.55 186,814,041.40 Record Date 03/31/2004 03/31/2004 03/31/2004 Principal And Interest Constant 752,224.62 2,157.67 1,347,148.83 Scheduled Principal 95,113.04 131.32 145,302.02 Unscheduled Principal 1,652,115.34 0.00 4,363,748.71 Scheduled Interest 657,111.58 2,026.35 1,201,846.81 Servicing Fees 25,950.91 64.23 47,830.77 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 692.05 1.71 1,275.49 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 630,468.62 1,960.41 1,152,740.55 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 7.288401 9.156839 7.230119
Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.580342 8.113726 7.498008 Weighted Average Net Rate 7.280343 7.813714 7.198008 Weighted Average Maturity 351 351 351 Beginning Loan Count 400 4 671 Loans Paid In Full 3 0 17 Ending Loan Count 397 4 654 Beginning Scheduled Balance 55,877,894.48 307,107.74 103,125,939.59 Ending scheduled Balance 55,311,128.94 306,898.19 100,231,630.78 Record Date 03/31/2004 03/31/2004 03/31/2004 Principal And Interest Constant 403,047.00 2,286.04 723,639.72 Scheduled Principal 50,069.04 209.55 79,273.75 Unscheduled Principal 516,696.50 0.00 2,815,035.06 Scheduled Interest 352,977.96 2,076.49 644,365.97 Servicing Fees 13,969.43 76.78 25,781.50 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 372.53 2.05 687.49 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 338,636.00 1,997.66 617,896.98 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 7.272342 7.805726 7.190008
Group Level Collateral Statement Group Group 7 Group 8 Group 9 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.397104 6.699970 7.350575 Weighted Average Net Rate 7.097104 6.399983 7.050575 Weighted Average Maturity 349.00 349.00 349.00 Record Date 03/31/2004 03/31/2004 03/31/2004 Principal And Interest Constant 680,180.67 597.83 898,011.22 Beginning Loan Count 550 1 635 Loans Paid In Full 5 0 13 Ending Loan Count 545 1 622 Beginning Scheduled Balance 95,047,991.45 92,404.00 130,016,890.62 Ending Scheduled Balance 93,956,353.36 92,322.09 127,003,805.05 Scheduled Principal 94,280.78 81.91 101,595.47 Unscheduled Principal 997,357.31 0.00 2,911,490.10 Scheduled Interest 585,899.89 515.92 796,415.75 Servicing Fee 23,761.99 23.10 32,504.23 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 633.65 0.62 866.78 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 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 561,504.25 492.20 763,044.74 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 7.089104 6.391970 7.042575
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.489697 Weighted Average Net Rate 7.189697 Weighted Average Maturity 351.00 Record Date 03/31/2004 Principal And Interest Constant 4,809,293.60 Beginning Loan Count 4,336 Loans Paid In Full 76 Ending Loan Count 4,260 Beginning Scheduled Balance 679,851,854.23 Ending Scheduled Balance 666,029,354.33 Scheduled Principal 566,056.88 Unscheduled Principal 13,256,443.02 Scheduled Interest 4,243,236.72 Servicing Fee 169,962.94 Master Servicing Fee 0.00 Trustee Fee 4,532.37 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 4,068,741.41 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.181697
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