-----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, EDa9HBjiGDsUp3AUxVX8DEtZqgbDV6lDOhX/S8P3nNP5rzJg9rgJ4t6qoZGccFOO SZ8H+sq7yNI2nlk5S8BtXw== 0001056404-04-002509.txt : 20040804 0001056404-04-002509.hdr.sgml : 20040804 20040804085013 ACCESSION NUMBER: 0001056404-04-002509 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040804 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 SEC ACT: 1934 Act SEC FILE NUMBER: 333-106982-19 FILM NUMBER: 04950025 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mab04op1_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 MASTR ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-OPT1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-19 Pooling and Servicing Agreement) (Commission 54-2150434 (State or other File Number) 54-2150433 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) ITEM 5. Other Events On July 26, 2004 a distribution was made to holders of MASTR ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2004-OPT1 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 Mortgage Pass-Through Certificates, Series 2004-OPT1 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. MASTR ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-OPT1 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 Mortgage Pass-Through Certificates, Series 2004-OPT1 Trust, relating to the July 26, 2004 distribution. EX-99.1
MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates Record Date: 6/30/04 Distribution Date: 7/26/04 MABS Series: 2004-OPT1 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 1.58000% 221,394,345.85 301,219.31 9,471,387.81 A-2 57643LCF1 SEN 1.58000% 119,676,993.05 162,827.19 4,817,220.82 A-3 57643LCG9 SEN 1.56000% 168,352,861.49 226,154.01 5,623,659.91 M-1 57643LCH7 MEZ 1.82000% 42,151,000.00 66,059.98 0.00 M-2 57643LCJ3 MEZ 2.40000% 34,333,000.00 70,954.87 0.00 M-3 57643LCK0 MEZ 2.60000% 10,538,000.00 23,593.41 0.00 M-4 57643LCL8 MEZ 2.85000% 8,158,000.00 20,021.09 0.00 M-5 57643LCM6 MEZ 3.00000% 8,838,000.00 22,831.50 0.00 M-6 57643LCN4 MEZ 4.05000% 6,799,000.00 23,711.51 0.00 M-7 57643LCP9 MEZ 5.05000% 7,138,000.00 31,040.39 0.00 CE MAB4OPT1C OC 0.00000% 7,818,296.32 2,845,294.31 0.00 R MAB4OP1R2 RES 0.00000% 0.00 0.00 0.00 P MAB4OPT1P Pre-pay 0.00000% 100.00 309,299.47 0.00 Totals 635,197,596.71 4,103,007.04 19,912,268.54
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 211,922,958.04 9,772,607.12 0.00 A-2 0.00 114,859,772.23 4,980,048.01 0.00 A-3 0.00 162,729,201.58 5,849,813.92 0.00 M-1 0.00 42,151,000.00 66,059.98 0.00 M-2 0.00 34,333,000.00 70,954.87 0.00 M-3 0.00 10,538,000.00 23,593.41 0.00 M-4 0.00 8,158,000.00 20,021.09 0.00 M-5 0.00 8,838,000.00 22,831.50 0.00 M-6 0.00 6,799,000.00 23,711.51 0.00 M-7 0.00 7,138,000.00 31,040.39 0.00 CE 0.00 7,818,296.32 2,845,294.31 0.00 R 0.00 0.00 0.00 0.00 P 0.00 100.00 309,299.47 0.00 Totals 0.00 615,285,328.17 24,015,275.58 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-1 240,738,000.00 221,394,345.85 0.00 9,471,387.81 0.00 0.00 A-2 129,838,000.00 119,676,993.05 0.00 4,817,220.82 0.00 0.00 A-3 183,503,000.00 168,352,861.49 0.00 5,623,659.91 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 7,818,296.32 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 679,851,854.23 635,197,596.71 0.00 19,912,268.54 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 9,471,387.81 211,922,958.04 0.88030539 9,471,387.81 A-2 4,817,220.82 114,859,772.23 0.88463911 4,817,220.82 A-3 5,623,659.91 162,729,201.58 0.88679314 5,623,659.91 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 19,912,268.54 615,285,328.17 0.90502854 19,912,268.54
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 240,738,000.00 919.64852184 0.00000000 39.34313573 0.00000000 A-2 129,838,000.00 921.74088518 0.00000000 37.10177929 0.00000000 A-3 183,503,000.00 917.43928704 0.00000000 30.64614698 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 1000.06934089 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 39.34313573 880.30538610 0.88030539 39.34313573 A-2 0.00000000 37.10177929 884.63910589 0.88463911 37.10177929 A-3 0.00000000 30.64614698 886.79314006 0.88679314 30.64614698 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 1.58000% 221,394,345.85 301,219.31 0.00 0.00 A-2 129,838,000.00 1.58000% 119,676,993.05 162,827.20 0.00 0.00 A-3 183,503,000.00 1.56000% 168,352,861.49 226,154.01 0.00 0.00 M-1 42,151,000.00 1.82000% 42,151,000.00 66,059.98 0.00 0.00 M-2 34,333,000.00 2.40000% 34,333,000.00 70,954.87 0.00 0.00 M-3 10,538,000.00 2.60000% 10,538,000.00 23,593.41 0.00 0.00 M-4 8,158,000.00 2.85000% 8,158,000.00 20,021.09 0.00 0.00 M-5 8,838,000.00 3.00000% 8,838,000.00 22,831.50 0.00 0.00 M-6 6,799,000.00 4.05000% 6,799,000.00 23,711.51 0.00 0.00 M-7 7,138,000.00 5.05000% 7,138,000.00 31,040.39 0.00 0.00 CE 7,817,754.23 0.00000% 7,818,296.32 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 679,851,854.23 948,413.27 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 0.00 301,219.31 0.00 211,922,958.04 A-2 0.00 0.00 162,827.19 0.00 114,859,772.23 A-3 0.00 0.00 226,154.01 0.00 162,729,201.58 M-1 0.00 0.00 66,059.98 0.00 42,151,000.00 M-2 0.00 0.00 70,954.87 0.00 34,333,000.00 M-3 0.00 0.00 23,593.41 0.00 10,538,000.00 M-4 0.00 0.00 20,021.09 0.00 8,158,000.00 M-5 0.00 0.00 22,831.50 0.00 8,838,000.00 M-6 0.00 0.00 23,711.51 0.00 6,799,000.00 M-7 0.00 0.00 31,040.39 0.00 7,138,000.00 CE 0.00 0.00 2,845,294.31 0.00 7,818,296.32 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 309,299.47 0.00 100.00 Totals 0.00 0.00 4,103,007.04 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 1.58000% 919.64852184 1.25123292 0.00000000 0.00000000 A-2 129,838,000.00 1.58000% 921.74088518 1.25407970 0.00000000 0.00000000 A-3 183,503,000.00 1.56000% 917.43928704 1.23242677 0.00000000 0.00000000 M-1 42,151,000.00 1.82000% 1000.00000000 1.56722213 0.00000000 0.00000000 M-2 34,333,000.00 2.40000% 1000.00000000 2.06666676 0.00000000 0.00000000 M-3 10,538,000.00 2.60000% 1000.00000000 2.23888878 0.00000000 0.00000000 M-4 8,158,000.00 2.85000% 1000.00000000 2.45416646 0.00000000 0.00000000 M-5 8,838,000.00 3.00000% 1000.00000000 2.58333333 0.00000000 0.00000000 M-6 6,799,000.00 4.05000% 1000.00000000 3.48749963 0.00000000 0.00000000 M-7 7,138,000.00 5.05000% 1000.00000000 4.34861166 0.00000000 0.00000000 CE 7,817,754.23 0.00000% 1000.06934089 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 1.25123292 0.00000000 880.30538610 A-2 0.00000000 0.00000000 1.25407962 0.00000000 884.63910589 A-3 0.00000000 0.00000000 1.23242677 0.00000000 886.79314006 M-1 0.00000000 0.00000000 1.56722213 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.06666676 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.23888878 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.45416646 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.58333333 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.48749963 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 4.34861166 0.00000000 1000.00000000 CE 0.00000000 0.00000000 363.95289827 0.00000000 1000.06934089 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 3092994.70000000 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 23,869,010.13 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) 0.00 Prepayment Penalties 309,299.47 Total Deposits 24,178,309.60 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 163,034.02 Payment of Interest and Principal 24,015,275.58 Total Withdrawals (Pool Distribution Amount) 24,178,309.60 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 158,799.42 Trustee Fee -Wells Fargo Bank, NA 4,234.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 163,034.02
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.01 0.01 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 8 0 0 8 939,747.54 0.00 0.00 939,747.54 30 Days 48 0 0 0 48 8,522,425.43 0.00 0.00 0.00 8,522,425.43 60 Days 8 1 9 0 18 1,462,179.52 50,043.14 1,531,410.73 0.00 3,043,633.39 90 Days 6 0 13 1 20 1,083,425.57 0.00 1,494,067.49 91,958.86 2,669,451.92 120 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 62 9 22 1 94 11,068,030.52 989,790.68 3,025,478.22 91,958.86 15,175,258.28 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 0.200351% 0.000000% 0.000000% 0.200351% 0.152689% 0.000000% 0.000000% 0.152689% 30 Days 1.202104% 0.000000% 0.000000% 0.000000% 1.202104% 1.384716% 0.000000% 0.000000% 0.000000% 1.384716% 60 Days 0.200351% 0.025044% 0.225394% 0.000000% 0.450789% 0.237574% 0.008131% 0.248822% 0.000000% 0.494527% 90 Days 0.150263% 0.000000% 0.325570% 0.025044% 0.500877% 0.176034% 0.000000% 0.242755% 0.014941% 0.433730% 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 1.552717% 0.225394% 0.550964% 0.025044% 2.354120% 1.798323% 0.160820% 0.491577% 0.014941% 2.465662%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 222,261.36 Class M-1 83,621,854.23 12.30001120% 83,622,396.32 13.59083217% 6.850643% 0.000000% Class M-2 49,288,854.23 7.24994040% 49,289,396.32 8.01081938% 5.580013% 0.000000% Class M-3 38,750,854.23 5.69989682% 38,751,396.32 6.29811805% 1.712701% 0.000000% Class M-4 30,592,854.23 4.49992951% 30,593,396.32 4.97222913% 1.325889% 0.000000% Class CE 100.00 0.00001471% 100.00 0.00001625% 1.270678% 0.000000% Class R-II 100.00 0.00001471% 100.00 0.00001625% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000016% 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 7.474981% Weighted Average Net Coupon 7.174981% Weighted Average Pass-Through Rate 7.166981% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 4,098 Number Of Loans Paid In Full 105 Ending Scheduled Collateral Loan Count 3,993 Beginning Scheduled Collateral Balance 635,197,596.72 Ending Scheduled Collateral Balance 615,285,328.18 Ending Actual Collateral Balance at 30-Jun-2004 615,463,893.45 Monthly P &I Constant 4,495,324.32 Special Servicing Fee 0.00 Prepayment Penalties 309,299.47 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 615,285,328.18 Scheduled Principal 538,582.68 Unscheduled Principal 19,373,685.86
Miscellaneous Reporting Net Monthly Excess Cashflow 2,845,294.32 Extra Principal Ditribution Amount 0.00 OC Amount 7,818,296.32 OC Deficiency Amount 0.00 OC Release Amount 0.00 OC Target Amount 7,818,296.32 Stepdown NO Trigger Event NO Credit Enhancement Percentage 20.441459%
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 7.581210 9.464894 7.529147 Weighted Average Net Rate 7.281210 9.164887 7.229147 Weighted Average Maturity 348 348 348 Beginning Loan Count 744 3 1,215 Loans Paid In Full 16 0 39 Ending Loan Count 728 3 1,176 Beginning Scheduled Balance 100,349,589.93 256,513.81 175,434,113.83 Ending scheduled Balance 97,703,158.70 256,379.37 168,609,291.69 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 727,682.19 2,157.67 1,235,267.54 Scheduled Principal 93,706.06 134.44 134,543.13 Unscheduled Principal 2,552,725.17 0.00 6,690,279.01 Scheduled Interest 633,976.13 2,023.23 1,100,724.41 Servicing Fees 25,087.41 64.13 43,858.55 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 668.98 1.71 1,169.53 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 608,219.74 1,957.39 1,055,696.33 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 7.273210 9.156894 7.221147
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 7.573307 8.113989 7.457615 Weighted Average Net Rate 7.273307 7.814001 7.157615 Weighted Average Maturity 348 348 348 Beginning Loan Count 392 4 620 Loans Paid In Full 5 0 24 Ending Loan Count 387 4 596 Beginning Scheduled Balance 54,362,930.92 306,411.54 94,480,728.15 Ending scheduled Balance 53,662,591.93 306,146.68 90,364,111.18 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 392,328.48 2,286.04 660,741.91 Scheduled Principal 49,239.19 214.19 73,574.51 Unscheduled Principal 651,099.80 50.67 4,043,042.46 Scheduled Interest 343,089.29 2,071.85 587,167.40 Servicing Fees 13,590.72 76.60 23,620.19 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 362.44 2.04 629.86 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 329,136.13 1,993.21 562,917.35 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 7.265307 7.805989 7.149615
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 7.390110 6.699965 7.333211 Weighted Average Net Rate 7.090110 6.399955 7.033211 Weighted Average Maturity 346.00 346.00 346.00 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 662,559.86 597.83 811,702.80 Beginning Loan Count 535 1 584 Loans Paid In Full 10 0 11 Ending Loan Count 525 1 573 Beginning Scheduled Balance 92,402,658.93 92,156.90 117,512,492.71 Ending Scheduled Balance 90,125,956.94 92,073.61 114,165,618.08 Scheduled Principal 93,505.01 83.29 93,582.86 Unscheduled Principal 2,183,196.98 0.00 3,253,291.77 Scheduled Interest 569,054.85 514.54 718,119.94 Servicing Fee 23,100.67 23.04 29,378.11 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 616.01 0.61 783.42 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 545,338.17 490.89 687,958.41 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 7.082110 6.391965 7.025211
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.474981 Weighted Average Net Rate 7.174981 Weighted Average Maturity 348.00 Record Date 06/30/2004 Principal And Interest Constant 4,495,324.32 Beginning Loan Count 4,098 Loans Paid In Full 105 Ending Loan Count 3,993 Beginning Scheduled Balance 635,197,596.72 Ending Scheduled Balance 615,285,328.18 Scheduled Principal 538,582.68 Unscheduled Principal 19,373,685.86 Scheduled Interest 3,956,741.64 Servicing Fee 158,799.42 Master Servicing Fee 0.00 Trustee Fee 4,234.60 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 3,793,707.62 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 7.166981
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