-----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, S+PBTFLjv3+/lTrCmuBaT82voOt1a15r+ZNxkR1woJLHq+OY2FYIEM9a5RvhZc7b 354/L3P5NRYPi1Ym/c/L1Q== 0001056404-04-002510.txt : 20040804 0001056404-04-002510.hdr.sgml : 20040804 20040804085056 ACCESSION NUMBER: 0001056404-04-002510 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: MORTGAGE ASSET SEC TRANS INC MASTR AS BK SEC TR 2004 WMC1 CENTRAL INDEX KEY: 0001285187 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: 333-106982-20 FILM NUMBER: 04950028 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mab04wm1_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-WMC1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-20 54-2150435 Pooling and Servicing Agreement) (Commission 54-2150436 (State or other File Number) 54-2150437 jurisdiction 54-2150438 of Incorporation) IRS EIN 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-WMC1 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-WMC1 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-WMC1 Trust By: Wells Fargo Bank, N.A. as Master Servicer 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-WMC1 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-WMC1 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 A1 57643LCQ7 SEN 1.52000% 226,121,386.62 277,955.73 9,490,452.14 A2 57643LCR5 SEN 1.68000% 28,170,000.00 40,752.60 0.00 A3 57643LCS3 SEN 1.53000% 134,905,384.44 177,737.84 5,251,807.41 A4 57643LCT1 SEN 1.40000% 62,687,569.69 75,573.35 7,699,136.11 A5 57643LCU8 SEN 1.52000% 79,850,000.00 104,514.78 0.00 A6 57643LCV6 SEN 1.70000% 17,315,000.00 25,347.24 0.00 M1 57643LCW4 MEZ 1.82000% 52,644,000.00 82,504.85 0.00 M2 57643LCX2 MEZ 2.45000% 42,653,000.00 89,985.98 0.00 M3 57643LCY0 MEZ 2.65000% 13,065,000.00 29,813.60 0.00 M4 57643LCZ7 MEZ 3.10000% 11,912,000.00 31,798.42 0.00 M5 57643LDA1 MEZ 3.25000% 9,222,000.00 25,808.79 0.00 M6 57643LDB9 MEZ 4.55000% 11,528,000.00 45,167.34 0.00 M7 57643LDC7 MEZ 6.00000% 8,454,000.00 42,270.00 0.00 CE MAB4WM1CE OC 0.00000% 8,069,453.80 3,027,665.54 0.00 R MAB4WM1R1 RES 0.00000% 0.00 0.00 0.00 R-X MAB4WM1RX RES 0.00000% 0.00 0.00 0.00 P MAB04WM1P Pre_Pay 0.00000% 100.00 353,435.25 0.00 Totals 706,596,894.55 4,430,331.31 22,441,395.66
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 216,630,934.48 9,768,407.87 0.00 A2 0.00 28,170,000.00 40,752.60 0.00 A3 0.00 129,653,577.03 5,429,545.25 0.00 A4 0.00 54,988,433.58 7,774,709.46 0.00 A5 0.00 79,850,000.00 104,514.78 0.00 A6 0.00 17,315,000.00 25,347.24 0.00 M1 0.00 52,644,000.00 82,504.85 0.00 M2 0.00 42,653,000.00 89,985.98 0.00 M3 0.00 13,065,000.00 29,813.60 0.00 M4 0.00 11,912,000.00 31,798.42 0.00 M5 0.00 9,222,000.00 25,808.79 0.00 M6 0.00 11,528,000.00 45,167.34 0.00 M7 0.00 8,454,000.00 42,270.00 0.00 CE 0.00 8,069,453.80 3,027,665.54 0.00 R 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 P 0.00 100.00 353,435.25 0.00 Totals 0.00 684,155,498.89 26,871,726.97 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) A1 253,534,000.00 226,121,386.62 0.00 9,490,452.14 0.00 0.00 A2 28,170,000.00 28,170,000.00 0.00 0.00 0.00 0.00 A3 151,682,000.00 134,905,384.44 0.00 5,251,807.41 0.00 0.00 A4 80,421,000.00 62,687,569.69 0.00 7,699,136.11 0.00 0.00 A5 79,850,000.00 79,850,000.00 0.00 0.00 0.00 0.00 A6 17,315,000.00 17,315,000.00 0.00 0.00 0.00 0.00 M1 52,644,000.00 52,644,000.00 0.00 0.00 0.00 0.00 M2 42,653,000.00 42,653,000.00 0.00 0.00 0.00 0.00 M3 13,065,000.00 13,065,000.00 0.00 0.00 0.00 0.00 M4 11,912,000.00 11,912,000.00 0.00 0.00 0.00 0.00 M5 9,222,000.00 9,222,000.00 0.00 0.00 0.00 0.00 M6 11,528,000.00 11,528,000.00 0.00 0.00 0.00 0.00 M7 8,454,000.00 8,454,000.00 0.00 0.00 0.00 0.00 CE 8,069,309.07 8,069,453.80 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 R-X 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 768,519,409.07 706,596,894.55 0.00 22,441,395.66 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 A1 9,490,452.14 216,630,934.48 0.85444530 9,490,452.14 A2 0.00 28,170,000.00 1.00000000 0.00 A3 5,251,807.41 129,653,577.03 0.85477233 5,251,807.41 A4 7,699,136.11 54,988,433.58 0.68375715 7,699,136.11 A5 0.00 79,850,000.00 1.00000000 0.00 A6 0.00 17,315,000.00 1.00000000 0.00 M1 0.00 52,644,000.00 1.00000000 0.00 M2 0.00 42,653,000.00 1.00000000 0.00 M3 0.00 13,065,000.00 1.00000000 0.00 M4 0.00 11,912,000.00 1.00000000 0.00 M5 0.00 9,222,000.00 1.00000000 0.00 M6 0.00 11,528,000.00 1.00000000 0.00 M7 0.00 8,454,000.00 1.00000000 0.00 CE 0.00 8,069,453.80 1.00001794 0.00 R 0.00 0.00 0.00000000 0.00 R-X 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 22,441,395.66 684,155,498.89 0.89022540 22,441,395.66
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 253,534,000.00 891.87795964 0.00000000 37.43266047 0.00000000 A2 28,170,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A3 151,682,000.00 889.39613428 0.00000000 34.62380118 0.00000000 A4 80,421,000.00 779.49254162 0.00000000 95.73539386 0.00000000 A5 79,850,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A6 17,315,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 52,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 42,653,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 13,065,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 11,912,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 9,222,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 11,528,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 8,454,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 8,069,309.07 1000.01793586 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-X 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 $1000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 37.43266047 854.44529917 0.85444530 37.43266047 A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A3 0.00000000 34.62380118 854.77233310 0.85477233 34.62380118 A4 0.00000000 95.73539386 683.75714776 0.68375715 95.73539386 A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 1,000.01793586 1.00001794 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-X 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 A1 253,534,000.00 1.52000% 226,121,386.62 295,967.77 0.00 0.00 A2 28,170,000.00 1.68000% 28,170,000.00 40,752.60 0.00 0.00 A3 151,682,000.00 1.53000% 134,905,384.44 177,737.84 0.00 0.00 A4 80,421,000.00 1.40000% 62,687,569.69 75,573.35 0.00 0.00 A5 79,850,000.00 1.52000% 79,850,000.00 104,514.78 0.00 0.00 A6 17,315,000.00 1.70000% 17,315,000.00 25,347.24 0.00 0.00 M1 52,644,000.00 1.82000% 52,644,000.00 82,504.85 0.00 0.00 M2 42,653,000.00 2.45000% 42,653,000.00 89,985.98 0.00 0.00 M3 13,065,000.00 2.65000% 13,065,000.00 29,813.60 0.00 0.00 M4 11,912,000.00 3.10000% 11,912,000.00 31,798.42 0.00 0.00 M5 9,222,000.00 3.25000% 9,222,000.00 25,808.79 0.00 0.00 M6 11,528,000.00 4.55000% 11,528,000.00 45,167.34 0.00 0.00 M7 8,454,000.00 6.00000% 8,454,000.00 42,270.00 0.00 0.00 CE 8,069,309.07 0.00000% 8,069,453.80 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 R-X 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 768,519,409.07 1,067,242.56 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 A1 0.00 0.00 277,955.73 0.00 216,630,934.48 A2 0.00 0.00 40,752.60 0.00 28,170,000.00 A3 0.00 0.00 177,737.84 0.00 129,653,577.03 A4 0.00 0.00 75,573.35 0.00 54,988,433.58 A5 0.00 0.00 104,514.78 0.00 79,850,000.00 A6 0.00 0.00 25,347.24 0.00 17,315,000.00 M1 0.00 0.00 82,504.85 0.00 52,644,000.00 M2 0.00 0.00 89,985.98 0.00 42,653,000.00 M3 0.00 0.00 29,813.60 0.00 13,065,000.00 M4 0.00 0.00 31,798.42 0.00 11,912,000.00 M5 0.00 0.00 25,808.79 0.00 9,222,000.00 M6 0.00 0.00 45,167.34 0.00 11,528,000.00 M7 0.00 0.00 42,270.00 0.00 8,454,000.00 CE 0.00 0.00 3,027,665.54 0.00 8,069,453.80 R 0.00 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 353,435.25 0.00 100.00 Totals 0.00 0.00 4,430,331.31 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 A1 253,534,000.00 1.52000% 891.87795964 1.16736915 0.00000000 0.00000000 A2 28,170,000.00 1.68000% 1000.00000000 1.44666667 0.00000000 0.00000000 A3 151,682,000.00 1.53000% 889.39613428 1.17177938 0.00000000 0.00000000 A4 80,421,000.00 1.40000% 779.49254162 0.93972159 0.00000000 0.00000000 A5 79,850,000.00 1.52000% 1000.00000000 1.30888892 0.00000000 0.00000000 A6 17,315,000.00 1.70000% 1000.00000000 1.46388911 0.00000000 0.00000000 M1 52,644,000.00 1.82000% 1000.00000000 1.56722229 0.00000000 0.00000000 M2 42,653,000.00 2.45000% 1000.00000000 2.10972218 0.00000000 0.00000000 M3 13,065,000.00 2.65000% 1000.00000000 2.28194413 0.00000000 0.00000000 M4 11,912,000.00 3.10000% 1000.00000000 2.66944426 0.00000000 0.00000000 M5 9,222,000.00 3.25000% 1000.00000000 2.79861093 0.00000000 0.00000000 M6 11,528,000.00 4.55000% 1000.00000000 3.91805517 0.00000000 0.00000000 M7 8,454,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 CE 8,069,309.07 0.00000% 1000.01793586 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-X 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 $1000 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 A1 0.00000000 0.00000000 1.09632527 0.00000000 854.44529917 A2 0.00000000 0.00000000 1.44666667 0.00000000 1000.00000000 A3 0.00000000 0.00000000 1.17177938 0.00000000 854.77233310 A4 0.00000000 0.00000000 0.93972159 0.00000000 683.75714776 A5 0.00000000 0.00000000 1.30888892 0.00000000 1000.00000000 A6 0.00000000 0.00000000 1.46388911 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.56722229 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.10972218 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.28194413 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.66944426 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.79861093 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.91805517 0.00000000 1000.00000000 M7 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 375.20753186 0.00000000 1000.01793586 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 3534352.50000000 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 26,815,651.20 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 353,435.25 Total Deposits 27,169,086.45 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 297,359.48 Payment of Interest and Principal 26,871,726.97 Total Withdrawals (Pool Distribution Amount) 27,169,086.45 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 294,415.35 Administrator fee 2,944.13 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 297,359.48
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 51 0 0 0 51 9,632,017.33 0.00 0.00 0.00 9,632,017.33 60 Days 20 0 0 0 20 3,437,281.51 0.00 0.00 0.00 3,437,281.51 90 Days 15 0 0 0 15 3,664,093.55 0.00 0.00 0.00 3,664,093.55 120 Days 7 0 0 0 7 618,489.15 0.00 0.00 0.00 618,489.15 150 Days 2 0 0 0 2 344,749.91 0.00 0.00 0.00 344,749.91 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 95 0 0 0 95 17,696,631.45 0.00 0.00 0.00 17,696,631.45 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.178646% 0.000000% 0.000000% 0.000000% 1.178646% 1.406820% 0.000000% 0.000000% 0.000000% 1.406820% 60 Days 0.462214% 0.000000% 0.000000% 0.000000% 0.462214% 0.502038% 0.000000% 0.000000% 0.000000% 0.502038% 90 Days 0.346661% 0.000000% 0.000000% 0.000000% 0.346661% 0.535165% 0.000000% 0.000000% 0.000000% 0.535165% 120 Days 0.161775% 0.000000% 0.000000% 0.000000% 0.161775% 0.090334% 0.000000% 0.000000% 0.000000% 0.090334% 150 Days 0.046221% 0.000000% 0.000000% 0.000000% 0.046221% 0.050353% 0.000000% 0.000000% 0.000000% 0.050353% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.195517% 0.000000% 0.000000% 0.000000% 2.195517% 2.584711% 0.000000% 0.000000% 0.000000% 2.584711%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 126,114.12 Class A-6 157,547,309.07 20.50010803% 157,547,453.80 23.02801835% 2.530857% 0.000000% Class M-1 104,903,309.07 13.65005331% 104,903,453.80 15.33327642% 7.694742% 0.000000% Class M-2 62,250,309.07 8.10003083% 62,250,453.80 9.09887502% 6.234401% 0.000000% Class M-3 49,185,309.07 6.40000870% 49,185,453.80 7.18922144% 1.909654% 0.000000% Class M-4 37,273,309.07 4.85001532% 37,273,453.80 5.44809679% 1.741125% 0.000000% Class CE 0.00 0.00000000% 0.00 0.00000000% 1.179477% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 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 7.432382% Weighted Average Net Coupon 6.932382% Weighted Average Pass-Through Rate 6.927382% Weighted Average Maturity(Stepdown Calculation ) 333 Beginning Scheduled Collateral Loan Count 4,449 Number Of Loans Paid In Full 122 Ending Scheduled Collateral Loan Count 4,327 Beginning Scheduled Collateral Balance 706,596,894.55 Ending Scheduled Collateral Balance 684,155,498.89 Ending Actual Collateral Balance at 30-Jun-2004 684,665,756.07 Monthly P &I Constant 4,929,808.51 Special Servicing Fee 0.00 Prepayment Penalties 353,435.25 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 684,155,498.89 Scheduled Principal 553,393.74 Unscheduled Principal 21,888,001.92
Other Income (2,159.37)
Miscellaneous Reporting Net Monthly Excess Cashflow 3,009,653.31 Extra Prinicpal Distribution Amount 0.00 OC Amount 8,069,453.80 OC Deficiency Amount 0.00 OC Release Amount 0.00 OC Target Amount 8,069,453.80 Stepdown 0.00 Trigger Event 0.00 Credit Enhancement Percentage 23.028018%
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 8.260733 7.207524 8.225979 Weighted Average Net Rate 7.760732 6.707525 7.725982 Weighted Average Maturity 290 352 292 Beginning Loan Count 1,039 1,408 529 Loans Paid In Full 25 39 5 Ending Loan Count 1,014 1,369 524 Beginning Scheduled Balance 85,446,576.80 241,333,554.05 44,965,920.74 Ending scheduled Balance 83,596,274.81 233,693,403.90 44,638,487.03 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 661,700.75 1,639,494.77 347,330.11 Scheduled Principal 73,491.31 189,980.24 39,089.52 Unscheduled Principal 1,776,810.68 7,450,169.91 288,344.19 Scheduled Interest 588,209.44 1,449,514.53 308,240.59 Servicing Fees 35,602.74 100,555.62 18,735.81 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 356.03 1,005.57 187.36 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 552,606.65 1,348,958.95 289,504.90 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 48,432.13 116,553.02 4,800.81 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.755732 6.702524 7.720981
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 7.166546 8.697913 6.853108 Weighted Average Net Rate 6.666546 9.197913 6.353109 Weighted Average Maturity 352 251 352 Beginning Loan Count 734 387 352 Loans Paid In Full 24 16 13 Ending Loan Count 710 371 339 Beginning Scheduled Balance 128,963,855.04 54,937,542.25 150,949,445.67 Ending scheduled Balance 124,039,481.34 53,544,857.13 144,642,994.68 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 872,993.33 435,336.04 972,953.51 Scheduled Principal 102,805.50 37,134.40 110,892.77 Unscheduled Principal 4,821,568.20 1,355,550.72 6,195,558.22 Scheduled Interest 770,187.83 398,201.64 862,060.74 Servicing Fees 53,734.95 22,890.63 62,895.60 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 537.34 228.90 628.93 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 716,452.89 375,310.99 799,165.21 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 103,941.99 20,686.98 59,020.32 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.661546 8.192914 6.348108
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.432382 Weighted Average Net Rate 6.932382 Weighted Average Maturity 333.00 Record Date 06/30/2004 Principal And Interest Constant 4,929,808.51 Beginning Loan Count 4,449 Loans Paid In Full 122 Ending Loan Count 4,327 Beginning Scheduled Balance 706,596,894.55 Ending Scheduled Balance 684,155,498.89 Scheduled Principal 553,393.74 Unscheduled Principal 21,888,001.92 Scheduled Interest 4,376,414.77 Servicing Fee 294,415.35 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 2,944.13 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 4,081,999.59 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 353,435.25 Special Servicing Fee 0.00 Pass-Through Rate 6.927382
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