-----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, G3AFWRdlKZq67GPoDFzInJZQzp07fOXvQSx7JXqIH3pdGmIVWcsdo9zopqSY212L YIyQKc2DZ5ouKKZhtWr8bA== 0001056404-04-002876.txt : 20040903 0001056404-04-002876.hdr.sgml : 20040903 20040903113442 ACCESSION NUMBER: 0001056404-04-002876 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040903 DATE AS OF CHANGE: 20040903 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: 041015658 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mabs04opt1.txt AUGUST 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): August 25, 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 54-2150433 (State or other File Number) 54-2150434 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 August 25, 2004 a distribution was made to holders of MASTR ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2004-OPT1 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-OPT1 Trust, relating to the August 25, 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 (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: 8/30/04 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 August 25, 2004 distribution. EX-99.1
MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates Record Date: 7/31/04 Distribution Date: 8/25/04 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 1.73000% 211,922,958.04 305,522.26 10,406,616.26 A-2 57643LCF1 SEN 1.73000% 114,859,772.23 165,589.50 5,100,829.89 A-3 57643LCG9 SEN 1.71000% 162,729,201.58 231,889.11 9,529,065.14 M-1 57643LCH7 MEZ 1.97000% 42,151,000.00 69,197.89 0.00 M-2 57643LCJ3 MEZ 2.55000% 34,333,000.00 72,957.62 0.00 M-3 57643LCK0 MEZ 2.75000% 10,538,000.00 24,149.58 0.00 M-4 57643LCL8 MEZ 3.00000% 8,158,000.00 20,395.00 0.00 M-5 57643LCM6 MEZ 3.15000% 8,838,000.00 23,199.75 0.00 M-6 57643LCN4 MEZ 4.20000% 6,799,000.00 23,796.50 0.00 M-7 57643LCP9 MEZ 5.20000% 7,138,000.00 30,931.33 0.00 CE MAB4OPT1C OC 0.00000% 7,818,296.32 2,697,885.58 0.00 R MAB4OP1R2 RES 0.00000% 0.00 0.00 0.00 P MAB4OPT1P Pre-pay 0.00000% 100.00 431,323.92 0.00 Totals 615,285,328.17 4,096,838.04 25,036,511.29
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 201,516,341.78 10,712,138.52 0.00 A-2 0.00 109,758,942.34 5,266,419.39 0.00 A-3 0.00 153,200,136.44 9,760,954.25 0.00 M-1 0.00 42,151,000.00 69,197.89 0.00 M-2 0.00 34,333,000.00 72,957.62 0.00 M-3 0.00 10,538,000.00 24,149.58 0.00 M-4 0.00 8,158,000.00 20,395.00 0.00 M-5 0.00 8,838,000.00 23,199.75 0.00 M-6 0.00 6,799,000.00 23,796.50 0.00 M-7 0.00 7,138,000.00 30,931.33 0.00 CE 0.00 7,818,296.32 2,697,885.58 0.00 R 0.00 0.00 0.00 0.00 P 0.00 100.00 431,323.92 0.00 Totals 0.00 590,248,816.88 29,133,349.33 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-1 240,738,000.00 211,922,958.04 0.00 10,406,616.26 0.00 0.00 A-2 129,838,000.00 114,859,772.23 0.00 5,100,829.89 0.00 0.00 A-3 183,503,000.00 162,729,201.58 0.00 9,529,065.14 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 679,851,854.23 615,285,328.17 0.00 25,036,511.29 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 10,406,616.26 201,516,341.78 0.83707741 10,406,616.26 A-2 5,100,829.89 109,758,942.34 0.84535300 5,100,829.89 A-3 9,529,065.14 153,200,136.44 0.83486448 9,529,065.14 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 25,036,511.29 590,248,816.88 0.86820211 25,036,511.29
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 240,738,000.00 880.30538610 0.00000000 43.22797506 0.00000000 A-2 129,838,000.00 884.63910589 0.00000000 39.28610954 0.00000000 A-3 183,503,000.00 886.79314006 0.00000000 51.92866133 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 43.22797506 837.07741104 0.83707741 43.22797506 A-2 0.00000000 39.28610954 845.35299635 0.84535300 39.28610954 A-3 0.00000000 51.92866133 834.86447873 0.83486448 51.92866133 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 1.73000% 211,922,958.04 305,522.26 0.00 0.00 A-2 129,838,000.00 1.73000% 114,859,772.23 165,589.50 0.00 0.00 A-3 183,503,000.00 1.71000% 162,729,201.58 231,889.11 0.00 0.00 M-1 42,151,000.00 1.97000% 42,151,000.00 69,197.89 0.00 0.00 M-2 34,333,000.00 2.55000% 34,333,000.00 72,957.63 0.00 0.00 M-3 10,538,000.00 2.75000% 10,538,000.00 24,149.58 0.00 0.00 M-4 8,158,000.00 3.00000% 8,158,000.00 20,395.00 0.00 0.00 M-5 8,838,000.00 3.15000% 8,838,000.00 23,199.75 0.00 0.00 M-6 6,799,000.00 4.20000% 6,799,000.00 23,796.50 0.00 0.00 M-7 7,138,000.00 5.20000% 7,138,000.00 30,931.33 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 679,851,854.23 967,628.55 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 0.00 305,522.26 0.00 201,516,341.78 A-2 0.00 0.00 165,589.50 0.00 109,758,942.34 A-3 0.00 0.00 231,889.11 0.00 153,200,136.44 M-1 0.00 0.00 69,197.89 0.00 42,151,000.00 M-2 0.00 0.00 72,957.62 0.00 34,333,000.00 M-3 0.00 0.00 24,149.58 0.00 10,538,000.00 M-4 0.00 0.00 20,395.00 0.00 8,158,000.00 M-5 0.00 0.00 23,199.75 0.00 8,838,000.00 M-6 0.00 0.00 23,796.50 0.00 6,799,000.00 M-7 0.00 0.00 30,931.33 0.00 7,138,000.00 CE 0.00 0.00 2,697,885.58 0.00 7,818,296.32 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 431,323.92 0.00 100.00 Totals 0.00 0.00 4,096,838.04 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 1.73000% 880.30538610 1.26910691 0.00000000 0.00000000 A-2 129,838,000.00 1.73000% 884.63910589 1.27535467 0.00000000 0.00000000 A-3 183,503,000.00 1.71000% 886.79314006 1.26368021 0.00000000 0.00000000 M-1 42,151,000.00 1.97000% 1000.00000000 1.64166663 0.00000000 0.00000000 M-2 34,333,000.00 2.55000% 1000.00000000 2.12500015 0.00000000 0.00000000 M-3 10,538,000.00 2.75000% 1000.00000000 2.29166635 0.00000000 0.00000000 M-4 8,158,000.00 3.00000% 1000.00000000 2.50000000 0.00000000 0.00000000 M-5 8,838,000.00 3.15000% 1000.00000000 2.62500000 0.00000000 0.00000000 M-6 6,799,000.00 4.20000% 1000.00000000 3.50000000 0.00000000 0.00000000 M-7 7,138,000.00 5.20000% 1000.00000000 4.33333287 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 1.26910691 0.00000000 837.07741104 A-2 0.00000000 0.00000000 1.27535467 0.00000000 845.35299635 A-3 0.00000000 0.00000000 1.26368021 0.00000000 834.86447873 M-1 0.00000000 0.00000000 1.64166663 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.12499985 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.29166635 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.50000000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.62500000 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.50000000 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 4.33333287 0.00000000 1000.00000000 CE 0.00000000 0.00000000 345.09726203 0.00000000 1000.06934089 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 4313239.20000000 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 28,864,664.80 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) (4,716.17) Prepayment Penalties 431,323.92 Total Deposits 29,291,272.55 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 157,923.22 Payment of Interest and Principal 29,133,349.33 Total Withdrawals (Pool Distribution Amount) 29,291,272.55 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 153,821.32 Trustee Fee -Wells Fargo Bank, NA 4,101.90 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 157,923.22
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.01 1,000.01 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 1 0 9 870,863.33 278,241.84 0.00 1,149,105.17 30 Days 58 0 3 0 61 10,268,114.74 0.00 722,030.75 0.00 10,990,145.49 60 Days 15 0 6 0 21 2,787,493.24 0.00 640,012.53 0.00 3,427,505.77 90 Days 7 1 21 1 30 1,010,680.79 50,043.14 2,874,459.96 91,958.86 4,027,142.75 120 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 80 9 31 1 121 14,066,288.77 920,906.47 4,514,745.08 91,958.86 19,593,899.18 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 0.207361% 0.025920% 0.000000% 0.233281% 0.147484% 0.047121% 0.000000% 0.194606% 30 Days 1.503370% 0.000000% 0.077760% 0.000000% 1.581130% 1.738947% 0.000000% 0.122279% 0.000000% 1.861226% 60 Days 0.388802% 0.000000% 0.155521% 0.000000% 0.544323% 0.472073% 0.000000% 0.108389% 0.000000% 0.580462% 90 Days 0.181441% 0.025920% 0.544323% 0.025920% 0.777605% 0.171163% 0.008475% 0.486802% 0.015574% 0.682013% 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 2.073613% 0.233281% 0.803525% 0.025920% 3.136340% 2.382184% 0.155959% 0.764591% 0.015574% 3.318307%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 231,628.23 Class M-1 83,621,854.23 12.30001120% 83,622,396.32 14.16731282% 7.141226% 0.000000% Class M-2 49,288,854.23 7.24994040% 49,289,396.32 8.35061332% 5.816700% 0.000000% Class M-3 38,750,854.23 5.69989682% 38,751,396.32 6.56526455% 1.785349% 0.000000% Class M-4 30,592,854.23 4.49992951% 30,593,396.32 5.18313556% 1.382129% 0.000000% Class CE 100.00 0.00001471% 100.00 0.00001694% 1.324576% 0.000000% Class R-II 100.00 0.00001471% 100.00 0.00001694% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000017% 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 7.466104% Weighted Average Net Coupon 7.166104% Weighted Average Pass-Through Rate 7.158104% Weighted Average Maturity(Stepdown Calculation ) 347 Beginning Scheduled Collateral Loan Count 3,993 Number Of Loans Paid In Full 135 Ending Scheduled Collateral Loan Count 3,858 Beginning Scheduled Collateral Balance 615,285,328.18 Ending Scheduled Collateral Balance 590,248,816.89 Ending Actual Collateral Balance at 31-Jul-2004 590,478,772.36 Monthly P &I Constant 4,349,587.54 Special Servicing Fee 0.00 Prepayment Penalties 431,323.92 Realized Loss Amount 4,716.17 Cumulative Realized Loss 5,207.23 Ending Scheduled Balance for Premium Loans 590,248,816.89 Scheduled Principal 521,433.99 Unscheduled Principal 24,515,077.30
Miscellaneous Reporting Net Monthly Excess Cashflow 1,622,602.04 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 7.571656 9.464943 7.516557 Weighted Average Net Rate 7.271656 9.164965 7.216557 Weighted Average Maturity 347 347 347 Beginning Loan Count 728 3 1,176 Loans Paid In Full 13 0 50 Ending Loan Count 715 3 1,126 Beginning Scheduled Balance 97,703,158.70 256,379.37 168,609,291.69 Ending scheduled Balance 95,778,319.03 256,243.88 160,129,610.90 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 708,869.26 2,157.67 1,184,877.23 Scheduled Principal 92,390.37 135.49 128,742.81 Unscheduled Principal 1,832,449.30 0.00 8,350,937.98 Scheduled Interest 616,478.89 2,022.18 1,056,134.42 Servicing Fees 24,425.78 64.09 42,152.34 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 651.35 1.71 1,124.05 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 592,053.18 1,958.09 1,013,982.10 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 7.263656 9.156943 7.208557
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 7.571709 8.114032 7.460081 Weighted Average Net Rate 7.271709 7.814019 7.160080 Weighted Average Maturity 347 347 347 Beginning Loan Count 387 4 596 Loans Paid In Full 7 0 23 Ending Loan Count 380 4 573 Beginning Scheduled Balance 53,662,591.93 306,146.68 90,364,111.18 Ending scheduled Balance 52,622,855.60 305,880.71 86,304,244.44 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 387,147.36 2,286.04 632,807.92 Scheduled Principal 48,549.41 215.97 71,038.30 Unscheduled Principal 991,186.92 50.00 3,988,828.44 Scheduled Interest 338,597.95 2,070.07 561,769.62 Servicing Fees 13,415.64 76.54 22,591.04 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 357.77 2.04 602.43 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 325,182.33 1,993.53 539,178.55 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 7.263709 7.806032 7.152080
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 7.372005 6.700031 7.325065 Weighted Average Net Rate 7.072006 6.400010 7.025065 Weighted Average Maturity 345.00 345.00 345.00 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 645,740.91 597.83 785,103.32 Beginning Loan Count 525 1 573 Loans Paid In Full 14 0 28 Ending Loan Count 511 1 545 Beginning Scheduled Balance 90,125,956.94 92,073.61 114,165,618.08 Ending Scheduled Balance 87,763,958.98 91,989.86 106,995,713.49 Scheduled Principal 92,066.71 83.75 88,211.18 Unscheduled Principal 2,269,931.25 0.00 7,081,693.41 Scheduled Interest 553,674.20 514.08 696,892.14 Servicing Fee 22,531.48 23.02 28,541.39 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 600.83 0.61 761.11 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 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 531,142.82 490.45 668,350.85 Realized Loss Amount 0.00 0.00 4,716.17 Cumulative Realized Loss 0.00 491.06 4,716.17 Percentage of Cumulative Losses 0.0000 0.5314 0.0036 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.064005 6.392031 7.017065
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.466104 Weighted Average Net Rate 7.166104 Weighted Average Maturity 347.00 Record Date 07/31/2004 Principal And Interest Constant 4,349,587.54 Beginning Loan Count 3,993 Loans Paid In Full 135 Ending Loan Count 3,858 Beginning Scheduled Balance 615,285,328.18 Ending Scheduled Balance 590,248,816.89 Scheduled Principal 521,433.99 Unscheduled Principal 24,515,077.30 Scheduled Interest 3,828,153.55 Servicing Fee 153,821.32 Master Servicing Fee 0.00 Trustee Fee 4,101.90 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 3,674,331.90 Realized Loss Amount 4,716.17 Cumulative Realized Loss 5,207.23 Percentage of Cumulative Losses 0.0008 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.158104
-----END PRIVACY-ENHANCED MESSAGE-----