-----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, Ks1CaKWNYDXQ/jVEUNZbrV0ATHOG4jsI1T7W2i4Qqx/q+FpMud4SFOeqU5OZUf5c CacCcx3SwrliNE9X21zuIQ== 0001056404-04-002875.txt : 20040903 0001056404-04-002875.hdr.sgml : 20040903 20040903113425 ACCESSION NUMBER: 0001056404-04-002875 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 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: 041015656 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mabs04wmc1.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-WMC1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 54-2150435 Pooling and Servicing Agreement) 54-2150436 (State or other 333-106982-20 54-2150437 jurisdiction (Commission 54-2150438 of Incorporation) File Number) 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) 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-WMC1 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-WMC1 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-WMC1 Trust (Registrant) 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: 8/30/04 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 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-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 1.67000% 216,630,934.48 301,478.05 12,556,104.88 A2 57643LCR5 SEN 1.83000% 28,170,000.00 42,959.25 0.00 A3 57643LCS3 SEN 1.68000% 129,653,577.03 181,515.01 6,165,993.00 A4 57643LCT1 SEN 1.55000% 54,988,433.58 71,026.73 8,272,610.39 A5 57643LCU8 SEN 1.67000% 79,850,000.00 111,124.58 0.00 A6 57643LCV6 SEN 1.85000% 17,315,000.00 26,693.96 0.00 M1 57643LCW4 MEZ 1.97000% 52,644,000.00 86,423.90 0.00 M2 57643LCX2 MEZ 2.60000% 42,653,000.00 92,414.83 0.00 M3 57643LCY0 MEZ 2.80000% 13,065,000.00 30,485.00 0.00 M4 57643LCZ7 MEZ 3.25000% 11,912,000.00 32,261.67 0.00 M5 57643LDA1 MEZ 3.40000% 9,222,000.00 26,129.00 0.00 M6 57643LDB9 MEZ 4.70000% 11,528,000.00 45,151.33 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 2,923,413.97 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% 100.00 552,403.84 0.00 Totals 684,155,498.89 4,565,751.12 26,994,708.27
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 204,074,829.60 12,857,582.93 0.00 A2 0.00 28,170,000.00 42,959.25 0.00 A3 0.00 123,487,584.03 6,347,508.01 0.00 A4 0.00 46,715,823.19 8,343,637.12 0.00 A5 0.00 79,850,000.00 111,124.58 0.00 A6 0.00 17,315,000.00 26,693.96 0.00 M1 0.00 52,644,000.00 86,423.90 0.00 M2 0.00 42,653,000.00 92,414.83 0.00 M3 0.00 13,065,000.00 30,485.00 0.00 M4 0.00 11,912,000.00 32,261.67 0.00 M5 0.00 9,222,000.00 26,129.00 0.00 M6 0.00 11,528,000.00 45,151.33 0.00 M7 0.00 8,454,000.00 42,270.00 0.00 CE 0.00 8,069,453.80 2,923,413.97 0.00 R 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 P 0.00 100.00 552,403.84 0.00 Totals 0.00 657,160,790.62 31,560,459.39 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 253,534,000.00 216,630,934.48 0.00 12,556,104.88 0.00 0.00 A2 28,170,000.00 28,170,000.00 0.00 0.00 0.00 0.00 A3 151,682,000.00 129,653,577.03 0.00 6,165,993.00 0.00 0.00 A4 80,421,000.00 54,988,433.58 0.00 8,272,610.39 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 768,519,409.07 684,155,498.89 0.00 26,994,708.27 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 12,556,104.88 204,074,829.60 0.80492096 12,556,104.88 A2 0.00 28,170,000.00 1.00000000 0.00 A3 6,165,993.00 123,487,584.03 0.81412154 6,165,993.00 A4 8,272,610.39 46,715,823.19 0.58089085 8,272,610.39 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 26,994,708.27 657,160,790.62 0.85509980 26,994,708.27
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 253,534,000.00 854.44529917 0.00000000 49.52434340 0.00000000 A2 28,170,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A3 151,682,000.00 854.77233310 0.00000000 40.65078915 0.00000000 A4 80,421,000.00 683.75714776 0.00000000 102.86629599 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 49.52434340 804.92095577 0.80492096 49.52434340 A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A3 0.00000000 40.65078915 814.12154395 0.81412154 40.65078915 A4 0.00000000 102.86629599 580.89085177 0.58089085 102.86629599 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 1.67000% 216,630,934.48 301,478.05 0.00 0.00 A2 28,170,000.00 1.83000% 28,170,000.00 42,959.25 0.00 0.00 A3 151,682,000.00 1.68000% 129,653,577.03 181,515.01 0.00 0.00 A4 80,421,000.00 1.55000% 54,988,433.58 71,026.73 0.00 0.00 A5 79,850,000.00 1.67000% 79,850,000.00 111,124.58 0.00 0.00 A6 17,315,000.00 1.85000% 17,315,000.00 26,693.96 0.00 0.00 M1 52,644,000.00 1.97000% 52,644,000.00 86,423.90 0.00 0.00 M2 42,653,000.00 2.60000% 42,653,000.00 92,414.83 0.00 0.00 M3 13,065,000.00 2.80000% 13,065,000.00 30,485.00 0.00 0.00 M4 11,912,000.00 3.25000% 11,912,000.00 32,261.67 0.00 0.00 M5 9,222,000.00 3.40000% 9,222,000.00 26,129.00 0.00 0.00 M6 11,528,000.00 4.70000% 11,528,000.00 45,151.33 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 1,089,933.31 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 0.00 301,478.05 0.00 204,074,829.60 A2 0.00 0.00 42,959.25 0.00 28,170,000.00 A3 0.00 0.00 181,515.01 0.00 123,487,584.03 A4 0.00 0.00 71,026.73 0.00 46,715,823.19 A5 0.00 0.00 111,124.58 0.00 79,850,000.00 A6 0.00 0.00 26,693.96 0.00 17,315,000.00 M1 0.00 0.00 86,423.90 0.00 52,644,000.00 M2 0.00 0.00 92,414.83 0.00 42,653,000.00 M3 0.00 0.00 30,485.00 0.00 13,065,000.00 M4 0.00 0.00 32,261.67 0.00 11,912,000.00 M5 0.00 0.00 26,129.00 0.00 9,222,000.00 M6 0.00 0.00 45,151.33 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 2,923,413.97 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 0.00 552,403.84 0.00 100.00 Totals 0.00 0.00 4,565,751.12 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 1.67000% 854.44529917 1.18910304 0.00000000 0.00000000 A2 28,170,000.00 1.83000% 1000.00000000 1.52500000 0.00000000 0.00000000 A3 151,682,000.00 1.68000% 854.77233310 1.19668128 0.00000000 0.00000000 A4 80,421,000.00 1.55000% 683.75714776 0.88318636 0.00000000 0.00000000 A5 79,850,000.00 1.67000% 1000.00000000 1.39166662 0.00000000 0.00000000 A6 17,315,000.00 1.85000% 1000.00000000 1.54166676 0.00000000 0.00000000 M1 52,644,000.00 1.97000% 1000.00000000 1.64166667 0.00000000 0.00000000 M2 42,653,000.00 2.60000% 1000.00000000 2.16666659 0.00000000 0.00000000 M3 13,065,000.00 2.80000% 1000.00000000 2.33333333 0.00000000 0.00000000 M4 11,912,000.00 3.25000% 1000.00000000 2.70833361 0.00000000 0.00000000 M5 9,222,000.00 3.40000% 1000.00000000 2.83333333 0.00000000 0.00000000 M6 11,528,000.00 4.70000% 1000.00000000 3.91666638 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 1.18910304 0.00000000 804.92095577 A2 0.00000000 0.00000000 1.52500000 0.00000000 1000.00000000 A3 0.00000000 0.00000000 1.19668128 0.00000000 814.12154395 A4 0.00000000 0.00000000 0.88318636 0.00000000 580.89085177 A5 0.00000000 0.00000000 1.39166662 0.00000000 1000.00000000 A6 0.00000000 0.00000000 1.54166676 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.64166667 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.16666659 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.33333333 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.70833361 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.83333333 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.91666638 0.00000000 1000.00000000 M7 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 362.28801557 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 5524038.40000000 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 31,295,970.99 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 552,403.84 Total Deposits 31,848,374.83 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 287,915.44 Payment of Interest and Principal 31,560,459.39 Total Withdrawals (Pool Distribution Amount) 31,848,374.83 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 285,064.80 Administrator fee 2,850.64 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 287,915.44
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 56 0 0 0 56 9,610,759.72 0.00 0.00 0.00 9,610,759.72 60 Days 28 0 0 0 28 6,735,498.99 0.00 0.00 0.00 6,735,498.99 90 Days 15 0 0 0 15 2,091,666.53 0.00 0.00 0.00 2,091,666.53 120 Days 11 0 0 0 11 2,175,751.65 0.00 0.00 0.00 2,175,751.65 150 Days 5 0 0 0 5 501,908.47 0.00 0.00 0.00 501,908.47 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 115 0 0 0 115 21,115,585.36 0.00 0.00 0.00 21,115,585.36 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 1.340996% 0.000000% 0.000000% 0.000000% 1.340996% 1.461338% 0.000000% 0.000000% 0.000000% 1.461338% 60 Days 0.670498% 0.000000% 0.000000% 0.000000% 0.670498% 1.024148% 0.000000% 0.000000% 0.000000% 1.024148% 90 Days 0.359195% 0.000000% 0.000000% 0.000000% 0.359195% 0.318043% 0.000000% 0.000000% 0.000000% 0.318043% 120 Days 0.263410% 0.000000% 0.000000% 0.000000% 0.263410% 0.330828% 0.000000% 0.000000% 0.000000% 0.330828% 150 Days 0.119732% 0.000000% 0.000000% 0.000000% 0.119732% 0.076316% 0.000000% 0.000000% 0.000000% 0.076316% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.753831% 0.000000% 0.000000% 0.000000% 2.753831% 3.210674% 0.000000% 0.000000% 0.000000% 3.210674%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 151,616.44 Class A-6 157,547,309.07 20.50010803% 157,547,453.80 23.97395828% 2.634819% 0.000000% Class M-1 104,903,309.07 13.65005331% 104,903,453.80 15.96313342% 8.010825% 0.000000% Class M-2 62,250,309.07 8.10003083% 62,250,453.80 9.47263663% 6.490497% 0.000000% Class M-3 49,185,309.07 6.40000870% 49,185,453.80 7.48453872% 1.988098% 0.000000% Class M-4 37,273,309.07 4.85001532% 37,273,453.80 5.67189253% 1.812646% 0.000000% Class CE 0.00 0.00000000% 0.00 0.00000000% 1.227927% 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 7.430051% Weighted Average Net Coupon 6.925051% Weighted Average Pass-Through Rate 6.930051% Weighted Average Maturity(Stepdown Calculation ) 332 Beginning Scheduled Collateral Loan Count 4,327 Number Of Loans Paid In Full 151 Ending Scheduled Collateral Loan Count 4,176 Beginning Scheduled Collateral Balance 684,155,498.89 Ending Scheduled Collateral Balance 657,160,790.62 Ending Actual Collateral Balance at 31-Jul-2004 657,668,364.71 Monthly P &I Constant 4,776,093.70 Special Servicing Fee 0.00 Prepayment Penalties 552,403.84 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 657,160,790.62 Scheduled Principal 540,002.01 Unscheduled Principal 26,454,706.26
Other Income 65,171.01
Miscellaneous Reporting Net Monthly Excess Cashflow 2,923,413.95 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 23.973958%
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 8.249887 7.209697 8.219793 Weighted Average Net Rate 7.749887 6.709697 7.719794 Weighted Average Maturity 289 351 291 Beginning Loan Count 1,014 1,369 524 Loans Paid In Full 33 47 12 Ending Loan Count 981 1,322 512 Beginning Scheduled Balance 83,596,274.81 233,693,403.90 44,638,487.03 Ending scheduled Balance 80,693,597.96 224,039,975.87 43,672,139.80 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 647,587.69 1,588,855.77 344,971.57 Scheduled Principal 72,871.19 184,806.96 39,205.64 Unscheduled Principal 2,829,805.66 9,468,621.07 927,141.59 Scheduled Interest 574,716.50 1,404,048.81 305,765.93 Servicing Fees 34,831.77 97,372.24 18,599.36 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 348.32 973.74 185.98 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 539,884.76 1,306,676.57 287,166.59 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 7.744888 6.704696 7.714793
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 7.166642 8.648741 6.843266 Weighted Average Net Rate 6.666641 8.148739 6.343266 Weighted Average Maturity 351 250 351 Beginning Loan Count 710 371 339 Loans Paid In Full 26 19 14 Ending Loan Count 684 352 325 Beginning Scheduled Balance 124,039,481.34 53,544,857.13 144,642,994.68 Ending scheduled Balance 118,839,835.57 51,168,247.57 138,746,993.85 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 840,248.82 422,734.78 931,695.07 Scheduled Principal 99,460.07 36,821.78 106,836.37 Unscheduled Principal 5,100,185.70 2,339,787.78 5,789,164.46 Scheduled Interest 740,788.75 385,913.00 824,858.70 Servicing Fees 51,683.14 22,310.36 60,267.93 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 516.84 223.10 602.66 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 689,105.57 363,602.56 764,590.82 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 6.661641 8.143741 6.338266
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.430051 Weighted Average Net Rate 6.925051 Weighted Average Maturity 332.00 Record Date 07/31/2004 Principal And Interest Constant 4,776,093.70 Beginning Loan Count 4,327 Loans Paid In Full 151 Ending Loan Count 4,176 Beginning Scheduled Balance 684,155,498.89 Ending Scheduled Balance 657,160,790.62 Scheduled Principal 540,002.01 Unscheduled Principal 26,454,706.26 Scheduled Interest 4,236,091.69 Servicing Fee 285,064.80 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 2,850.64 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,951,026.87 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 6.930051
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