-----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, F+lC1ofNiaIOVma2gkPoN5l13vQGHuQ+N0hYHCsSdIZuLxKUpJqkhVy0Wh7NU+ZU 2f2OTlkLw8aYxcfeXCbZhQ== 0001056404-05-000154.txt : 20050104 0001056404-05-000154.hdr.sgml : 20050104 20050104115136 ACCESSION NUMBER: 0001056404-05-000154 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: 20050104 DATE AS OF CHANGE: 20050104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTR ASSET BACKED SECURITIES TRUST 2004-OPT1 CENTRAL INDEX KEY: 0001285109 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: 333-106982-19 FILM NUMBER: 05504900 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mab04op1_dec.txt DECEMBER 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): December 27, 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 54-2150433 Pooling and Servicing Agreement) (Commission 54-2150434 (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 December 27, 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 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. 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: 12/31/2004 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 December 27, 2004 distribution. EX-99.1
MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates 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 2.46000% 173,279,033.64 367,062.76 16,016,638.58 A-2 57643LCF1 SEN 2.46000% 94,275,790.93 199,707.56 8,295,588.19 A-3 57643LCG9 SEN 2.44000% 131,470,574.78 276,234.29 10,574,564.45 M-1 57643LCH7 MEZ 2.70000% 42,151,000.00 98,001.08 0.00 M-2 57643LCJ3 MEZ 3.28000% 34,333,000.00 96,971.65 0.00 M-3 57643LCK0 MEZ 3.48000% 10,538,000.00 31,578.87 0.00 M-4 57643LCL8 MEZ 3.73000% 8,158,000.00 26,203.04 0.00 M-5 57643LCM6 MEZ 3.88000% 8,838,000.00 29,528.74 0.00 M-6 57643LCN4 MEZ 4.93000% 6,799,000.00 28,863.64 0.00 M-7 57643LCP9 MEZ 5.93000% 7,138,000.00 36,449.40 0.00 CE MAB4OPT1C OC 0.00000% 7,818,296.32 1,934,535.98 0.00 R MAB4OP1R2 RES 0.00000% 0.00 0.00 0.00 P MAB4OPT1P Pre-pay 0.00000% 100.00 391,088.21 0.00 Totals 524,798,795.67 3,516,225.22 34,886,791.22
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 157,262,395.06 16,383,701.34 0.00 A-2 0.00 85,980,202.74 8,495,295.75 0.00 A-3 0.00 120,896,010.33 10,850,798.74 0.00 M-1 0.00 42,151,000.00 98,001.08 0.00 M-2 0.00 34,333,000.00 96,971.65 0.00 M-3 0.00 10,538,000.00 31,578.87 0.00 M-4 0.00 8,158,000.00 26,203.04 0.00 M-5 0.00 8,838,000.00 29,528.74 0.00 M-6 0.00 6,799,000.00 28,863.64 0.00 M-7 0.00 7,138,000.00 36,449.40 0.00 CE 0.00 7,818,296.32 1,934,535.98 0.00 R 0.00 0.00 0.00 0.00 P 0.00 100.00 391,088.21 0.00 Totals 0.00 489,912,004.45 38,403,016.44 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-1 240,738,000.00 173,279,033.64 0.00 16,016,638.58 0.00 0.00 A-2 129,838,000.00 94,275,790.93 0.00 8,295,588.19 0.00 0.00 A-3 183,503,000.00 131,470,574.78 0.00 10,574,564.45 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 679,851,854.23 524,798,795.67 0.00 34,886,791.22 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 16,016,638.58 157,262,395.06 0.65325123 16,016,638.58 A-2 8,295,588.19 85,980,202.74 0.66221139 8,295,588.19 A-3 10,574,564.45 120,896,010.33 0.65882307 10,574,564.45 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 34,886,791.22 489,912,004.45 0.72061582 34,886,791.22
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 240,738,000.00 719.78264188 0.00000000 66.53141000 0.00000000 A-2 129,838,000.00 726.10322810 0.00000000 63.89183590 0.00000000 A-3 183,503,000.00 716.44918492 0.00000000 57.62611211 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 66.53141000 653.25123188 0.65325123 66.53141000 A-2 0.00000000 63.89183590 662.21139220 0.66221139 63.89183590 A-3 0.00000000 57.62611211 658.82307281 0.65882307 57.62611211 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 2.46000% 173,279,033.64 367,062.75 0.00 0.00 A-2 129,838,000.00 2.46000% 94,275,790.93 199,707.55 0.00 0.00 A-3 183,503,000.00 2.44000% 131,470,574.78 276,234.29 0.00 0.00 M-1 42,151,000.00 2.70000% 42,151,000.00 98,001.08 0.00 0.00 M-2 34,333,000.00 3.28000% 34,333,000.00 96,971.65 0.00 0.00 M-3 10,538,000.00 3.48000% 10,538,000.00 31,578.87 0.00 0.00 M-4 8,158,000.00 3.73000% 8,158,000.00 26,203.04 0.00 0.00 M-5 8,838,000.00 3.88000% 8,838,000.00 29,528.74 0.00 0.00 M-6 6,799,000.00 4.93000% 6,799,000.00 28,863.64 0.00 0.00 M-7 7,138,000.00 5.93000% 7,138,000.00 36,449.40 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 1,190,601.01 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 (0.01) 0.00 367,062.76 0.00 157,262,395.06 A-2 (0.01) 0.00 199,707.56 0.00 85,980,202.74 A-3 (0.01) 0.00 276,234.29 0.00 120,896,010.33 M-1 0.00 0.00 98,001.08 0.00 42,151,000.00 M-2 0.00 0.00 96,971.65 0.00 34,333,000.00 M-3 0.00 0.00 31,578.87 0.00 10,538,000.00 M-4 0.00 0.00 26,203.04 0.00 8,158,000.00 M-5 0.00 0.00 29,528.74 0.00 8,838,000.00 M-6 0.00 0.00 28,863.64 0.00 6,799,000.00 M-7 0.00 0.00 36,449.40 0.00 7,138,000.00 CE 0.00 0.00 1,934,535.98 0.00 7,818,296.32 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 391,088.21 0.00 100.00 Totals (0.03) 0.00 3,516,225.22 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 2.46000% 719.78264188 1.52473955 0.00000000 0.00000000 A-2 129,838,000.00 2.46000% 726.10322810 1.53812867 0.00000000 0.00000000 A-3 183,503,000.00 2.44000% 716.44918492 1.50533937 0.00000000 0.00000000 M-1 42,151,000.00 2.70000% 1000.00000000 2.32500012 0.00000000 0.00000000 M-2 34,333,000.00 3.28000% 1000.00000000 2.82444441 0.00000000 0.00000000 M-3 10,538,000.00 3.48000% 1000.00000000 2.99666635 0.00000000 0.00000000 M-4 8,158,000.00 3.73000% 1000.00000000 3.21194410 0.00000000 0.00000000 M-5 8,838,000.00 3.88000% 1000.00000000 3.34111111 0.00000000 0.00000000 M-6 6,799,000.00 4.93000% 1000.00000000 4.24527725 0.00000000 0.00000000 M-7 7,138,000.00 5.93000% 1000.00000000 5.10638834 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 (0.00000004) 0.00000000 1.52473959 0.00000000 653.25123188 A-2 (0.00000008) 0.00000000 1.53812875 0.00000000 662.21139220 A-3 (0.00000005) 0.00000000 1.50533937 0.00000000 658.82307281 M-1 0.00000000 0.00000000 2.32500012 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.82444441 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.99666635 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.21194410 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.34111111 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.24527725 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 5.10638834 0.00000000 1000.00000000 CE 0.00000000 0.00000000 247.45418225 0.00000000 1000.06934089 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 3910882.10000000 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 38,146,626.56 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 391,088.21 Total Deposits 38,537,714.77 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 134,698.33 Payment of Interest and Principal 38,403,016.44 Total Withdrawals (Pool Distribution Amount) 38,537,714.77 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 131,199.69 Trustee Fee -Wells Fargo Bank, NA 3,498.64 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 134,698.33
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.01 0.00 0.00 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 1,157,324.39 190,577.81 0.00 1,347,902.20 30 Days 69 0 0 0 69 11,647,625.59 0.00 0.00 0.00 11,647,625.59 60 Days 24 1 9 0 34 3,815,169.08 80,439.88 1,009,986.77 0.00 4,905,595.73 90 Days 24 4 47 5 80 3,657,607.05 560,033.27 8,333,601.59 474,389.71 13,025,631.62 120 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 117 13 57 5 192 19,120,401.72 1,797,797.54 9,534,166.17 474,389.71 30,926,755.14 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 0.243605% 0.030451% 0.000000% 0.274056% 0.236114% 0.038881% 0.000000% 0.274995% 30 Days 2.101096% 0.000000% 0.000000% 0.000000% 2.101096% 2.376316% 0.000000% 0.000000% 0.000000% 2.376316% 60 Days 0.730816% 0.030451% 0.274056% 0.000000% 1.035323% 0.778360% 0.016411% 0.206055% 0.000000% 1.000826% 90 Days 0.730816% 0.121803% 1.431181% 0.152253% 2.436054% 0.746215% 0.114256% 1.700198% 0.096784% 2.657453% 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 3.562728% 0.395859% 1.735688% 0.152253% 5.846529% 3.900890% 0.366782% 1.945134% 0.096784% 6.309589% (7) Delinquencies are stratified according to the information the Servicer has provided. All 90+ are reporting the 90 day delinquency field.
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 301,929.20 Class M-1 83,621,854.23 12.30001120% 83,622,396.32 17.06886044% 8.603790% 0.000000% Class M-2 49,288,854.23 7.24994040% 49,289,396.32 10.06086723% 7.007993% 0.000000% Class M-3 38,750,854.23 5.69989682% 38,751,396.32 7.90986870% 2.150999% 0.000000% Class M-4 30,592,854.23 4.49992951% 30,593,396.32 6.24467170% 1.665197% 0.000000% Class CE 100.00 0.00001471% 100.00 0.00002041% 1.595857% 0.000000% Class R-II 100.00 0.00001471% 100.00 0.00002041% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000020% 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 7.453909% Weighted Average Net Coupon 7.153909% Weighted Average Pass-Through Rate 7.145909% Weighted Average Maturity(Stepdown Calculation ) 343 Beginning Scheduled Collateral Loan Count 3,482 Number Of Loans Paid In Full 198 Ending Scheduled Collateral Loan Count 3,284 Beginning Scheduled Collateral Balance 524,798,795.68 Ending Scheduled Collateral Balance 489,912,004.46 Ending Actual Collateral Balance at 30-Nov-2004 490,154,803.46 Monthly P &I Constant 3,710,306.93 Special Servicing Fee 0.00 Prepayment Penalties 391,088.21 Realized Loss Amount 0.00 Cumulative Realized Loss 29,211.84 Ending Scheduled Balance for Premium Loans 489,912,004.46 Scheduled Principal 450,471.56 Unscheduled Principal 34,436,319.66
Miscellaneous Reporting Net Monthly Excess Cashflow 1,934,535.91 Extra Principal Ditribution Amount .67 OC Amount 7,818,296.32 OC Deficiency Amount .67 OC Release Amount 0.00 OC Target Amount 7,818,296.32 Stepdown NO Trigger Event NO Credit Enhancement Percentage 23.966003%
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 7.564682 9.465060 7.498980 Weighted Average Net Rate 7.264682 9.165050 7.198980 Weighted Average Maturity 343 343 343 Beginning Loan Count 667 3 995 Loans Paid In Full 27 0 73 Ending Loan Count 640 3 922 Beginning Scheduled Balance 88,703,189.56 255,831.02 138,978,248.50 Ending scheduled Balance 84,125,886.95 255,691.23 127,539,052.32 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 644,622.16 2,157.67 974,414.01 Scheduled Principal 85,445.97 139.79 105,918.13 Unscheduled Principal 4,491,856.64 0.00 11,333,278.05 Scheduled Interest 559,176.19 2,017.88 868,495.88 Servicing Fees 22,175.81 63.96 34,744.57 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 591.35 1.71 926.53 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 536,409.03 1,952.21 832,824.78 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 7.256682 9.157060 7.190980
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 7.564385 8.114228 7.431555 Weighted Average Net Rate 7.264385 7.814231 7.131555 Weighted Average Maturity 343 343 343 Beginning Loan Count 355 4 499 Loans Paid In Full 14 0 35 Ending Loan Count 341 4 464 Beginning Scheduled Balance 48,683,837.93 305,163.22 74,741,800.56 Ending scheduled Balance 46,084,457.29 304,936.37 69,045,819.86 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 351,141.57 2,286.04 521,669.83 Scheduled Principal 44,255.51 222.57 58,796.66 Unscheduled Principal 2,555,125.13 4.28 5,637,184.04 Scheduled Interest 306,886.06 2,063.47 462,873.17 Servicing Fees 12,170.95 76.29 18,685.45 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 324.55 2.03 498.27 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 294,390.56 1,985.15 443,689.45 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 25,032.15 Percentage of Cumulative Losses 0.0000 0.0000 0.0243 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.256385 7.806228 7.123555
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 7.338234 6.699980 7.333614 Weighted Average Net Rate 7.038234 6.400032 7.033614 Weighted Average Maturity 341.00 341.00 341.00 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 574,764.89 597.83 638,652.93 Beginning Loan Count 471 1 487 Loans Paid In Full 18 0 31 Ending Loan Count 453 1 456 Beginning Scheduled Balance 80,408,566.83 91,735.79 92,630,422.27 Ending Scheduled Balance 76,828,976.83 91,650.15 85,635,533.46 Scheduled Principal 83,050.83 85.64 72,556.46 Unscheduled Principal 3,496,539.17 0.00 6,922,332.35 Scheduled Interest 491,714.06 512.19 566,096.47 Servicing Fee 20,102.13 22.93 23,157.60 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 536.07 0.61 617.52 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 471,075.86 488.65 542,321.35 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 4,179.69 Percentage of Cumulative Losses 0.0000 0.0000 0.0032 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.030234 6.391980 7.025614
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.453909 Weighted Average Net Rate 7.153909 Weighted Average Maturity 343.00 Record Date 11/30/2004 Principal And Interest Constant 3,710,306.93 Beginning Loan Count 3,482 Loans Paid In Full 198 Ending Loan Count 3,284 Beginning Scheduled Balance 524,798,795.68 Ending Scheduled Balance 489,912,004.46 Scheduled Principal 450,471.56 Unscheduled Principal 34,436,319.66 Scheduled Interest 3,259,835.37 Servicing Fee 131,199.69 Master Servicing Fee 0.00 Trustee Fee 3,498.64 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 3,125,137.04 Realized Loss Amount 0.00 Cumulative Realized Loss 29,211.84 Percentage of Cumulative Losses 0.0043 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.145909
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