-----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, DTv/ZIQnVTmZW7z/slpQEO39MEJYsdBpfkjP8QlTxAAJ8bRdZabmLaGOnAnKHzcO y8rTkAW1DNPQD69h1J/sqw== 0001056404-04-004175.txt : 20041203 0001056404-04-004175.hdr.sgml : 20041203 20041203110656 ACCESSION NUMBER: 0001056404-04-004175 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041203 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] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106982-20 FILM NUMBER: 041182331 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mab04wm1_nov.txt NOVEMBER 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): November 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) 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 November 26, 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 November 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 (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: 12/3/2004 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 November 26, 2004 distribution. EX-99.1
MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 MABS Series: 2004-WM1 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 2.15250% 175,869,919.63 336,497.78 18,465,846.94 A2 57643LCR5 SEN 2.31250% 28,170,000.00 57,905.00 0.00 A3 57643LCS3 SEN 2.16250% 107,166,242.11 205,997.33 8,799,929.75 A4 57643LCT1 SEN 2.03250% 28,204,708.37 50,956.51 11,963,409.36 A5 57643LCU8 SEN 2.15250% 79,850,000.00 152,779.67 0.00 A6 57643LCV6 SEN 2.33250% 17,315,000.00 35,899.77 0.00 M1 57643LCW4 MEZ 2.45250% 52,644,000.00 114,763.92 0.00 M2 57643LCX2 MEZ 3.08250% 42,653,000.00 116,869.22 0.00 M3 57643LCY0 MEZ 3.28250% 13,065,000.00 38,120.77 0.00 M4 57643LCZ7 MEZ 3.73250% 11,912,000.00 39,521.37 0.00 M5 57643LDA1 MEZ 3.88250% 9,222,000.00 31,826.15 0.00 M6 57643LDB9 MEZ 5.18250% 11,528,000.00 53,105.65 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 2,139,859.64 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% 100.00 929,627.11 0.00 Totals 594,123,423.91 4,345,999.89 39,229,186.05
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 157,404,072.69 18,802,344.72 0.00 A2 0.00 28,170,000.00 57,905.00 0.00 A3 0.00 98,366,312.36 9,005,927.08 0.00 A4 0.00 16,241,299.01 12,014,365.87 0.00 A5 0.00 79,850,000.00 152,779.67 0.00 A6 0.00 17,315,000.00 35,899.77 0.00 M1 0.00 52,644,000.00 114,763.92 0.00 M2 0.00 42,653,000.00 116,869.22 0.00 M3 0.00 13,065,000.00 38,120.77 0.00 M4 0.00 11,912,000.00 39,521.37 0.00 M5 0.00 9,222,000.00 31,826.15 0.00 M6 0.00 11,528,000.00 53,105.65 0.00 M7 0.00 8,454,000.00 42,270.00 0.00 CE 0.00 8,069,453.80 2,139,859.64 0.00 R 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 P 0.00 100.00 929,627.11 0.00 Totals 0.00 554,894,237.86 43,575,185.94 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 253,534,000.00 175,869,919.63 0.00 18,465,846.94 0.00 0.00 A2 28,170,000.00 28,170,000.00 0.00 0.00 0.00 0.00 A3 151,682,000.00 107,166,242.11 0.00 8,799,929.75 0.00 0.00 A4 80,421,000.00 28,204,708.37 0.00 11,963,409.36 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 768,519,409.07 594,123,423.91 0.00 39,229,186.05 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 18,465,846.94 157,404,072.69 0.62084010 18,465,846.94 A2 0.00 28,170,000.00 1.00000000 0.00 A3 8,799,929.75 98,366,312.36 0.64850353 8,799,929.75 A4 11,963,409.36 16,241,299.01 0.20195346 11,963,409.36 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 39,229,186.05 554,894,237.86 0.72203022 39,229,186.05
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 253,534,000.00 693.67390421 0.00000000 72.83380904 0.00000000 A2 28,170,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A3 151,682,000.00 706.51917901 0.00000000 58.01564952 0.00000000 A4 80,421,000.00 350.71322627 0.00000000 148.75976872 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 72.83380904 620.84009517 0.62084010 72.83380904 A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A3 0.00000000 58.01564952 648.50352949 0.64850353 58.01564952 A4 0.00000000 148.75976872 201.95345755 0.20195346 148.75976872 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 2.15250% 175,869,919.63 336,497.78 0.00 0.00 A2 28,170,000.00 2.31250% 28,170,000.00 57,905.00 0.00 0.00 A3 151,682,000.00 2.16250% 107,166,242.11 205,997.33 0.00 0.00 A4 80,421,000.00 2.03250% 28,204,708.37 50,956.51 0.00 0.00 A5 79,850,000.00 2.15250% 79,850,000.00 152,779.67 0.00 0.00 A6 17,315,000.00 2.33250% 17,315,000.00 35,899.77 0.00 0.00 M1 52,644,000.00 2.45250% 52,644,000.00 114,763.92 0.00 0.00 M2 42,653,000.00 3.08250% 42,653,000.00 116,869.22 0.00 0.00 M3 13,065,000.00 3.28250% 13,065,000.00 38,120.77 0.00 0.00 M4 11,912,000.00 3.73250% 11,912,000.00 39,521.37 0.00 0.00 M5 9,222,000.00 3.88250% 9,222,000.00 31,826.15 0.00 0.00 M6 11,528,000.00 5.18250% 11,528,000.00 53,105.65 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 1,276,513.14 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 0.00 336,497.78 0.00 157,404,072.69 A2 0.00 0.00 57,905.00 0.00 28,170,000.00 A3 0.00 0.00 205,997.33 0.00 98,366,312.36 A4 0.00 0.00 50,956.51 0.00 16,241,299.01 A5 0.00 0.00 152,779.67 0.00 79,850,000.00 A6 0.00 0.00 35,899.77 0.00 17,315,000.00 M1 0.00 0.00 114,763.92 0.00 52,644,000.00 M2 0.00 0.00 116,869.22 0.00 42,653,000.00 M3 0.00 0.00 38,120.77 0.00 13,065,000.00 M4 0.00 0.00 39,521.37 0.00 11,912,000.00 M5 0.00 0.00 31,826.15 0.00 9,222,000.00 M6 0.00 0.00 53,105.65 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 2,139,859.64 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 0.00 929,627.11 0.00 100.00 Totals 0.00 0.00 4,345,999.89 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 2.15250% 693.67390421 1.32722941 0.00000000 0.00000000 A2 28,170,000.00 2.31250% 1000.00000000 2.05555556 0.00000000 0.00000000 A3 151,682,000.00 2.16250% 706.51917901 1.35808685 0.00000000 0.00000000 A4 80,421,000.00 2.03250% 350.71322627 0.63362194 0.00000000 0.00000000 A5 79,850,000.00 2.15250% 1000.00000000 1.91333338 0.00000000 0.00000000 A6 17,315,000.00 2.33250% 1000.00000000 2.07333353 0.00000000 0.00000000 M1 52,644,000.00 2.45250% 1000.00000000 2.18000000 0.00000000 0.00000000 M2 42,653,000.00 3.08250% 1000.00000000 2.74000000 0.00000000 0.00000000 M3 13,065,000.00 3.28250% 1000.00000000 2.91777803 0.00000000 0.00000000 M4 11,912,000.00 3.73250% 1000.00000000 3.31777787 0.00000000 0.00000000 M5 9,222,000.00 3.88250% 1000.00000000 3.45111147 0.00000000 0.00000000 M6 11,528,000.00 5.18250% 1000.00000000 4.60666638 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 1.32722941 0.00000000 620.84009517 A2 0.00000000 0.00000000 2.05555556 0.00000000 1000.00000000 A3 0.00000000 0.00000000 1.35808685 0.00000000 648.50352949 A4 0.00000000 0.00000000 0.63362194 0.00000000 201.95345755 A5 0.00000000 0.00000000 1.91333338 0.00000000 1000.00000000 A6 0.00000000 0.00000000 2.07333353 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.18000000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.74000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.91777803 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.31777787 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.45111147 0.00000000 1000.00000000 M6 0.00000000 0.00000000 4.60666638 0.00000000 1000.00000000 M7 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 265.18498938 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 9296271.10000000 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 42,895,585.75 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 929,627.11 Total Deposits 43,825,212.86 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 250,026.93 Payment of Interest and Principal 43,575,185.93 Total Withdrawals (Pool Distribution Amount) 43,825,212.86 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 247,551.42 Administrator fee 2,475.51 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 250,026.93
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 22 1 0 23 2,342,268.21 113,833.79 0.00 2,456,102.00 30 Days 66 0 1 0 67 11,391,375.04 0.00 202,855.73 0.00 11,594,230.77 60 Days 19 3 6 0 28 3,797,095.68 367,672.56 948,893.40 0.00 5,113,661.64 90 Days 6 0 12 0 18 631,272.17 0.00 2,101,080.67 0.00 2,732,352.84 120 Days 0 2 5 1 8 0.00 539,989.64 1,110,563.78 55,415.65 1,705,969.07 150 Days 3 2 9 0 14 298,478.33 239,458.48 2,542,221.20 0.00 3,080,158.01 180+ Days 5 6 8 9 28 322,165.65 495,377.92 1,284,484.19 1,223,238.94 3,325,266.70 Totals 99 35 42 10 186 16,440,386.87 3,984,766.81 8,303,932.76 1,278,654.59 30,007,741.03 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 0.613839% 0.027902% 0.000000% 0.641741% 0.421734% 0.020496% 0.000000% 0.442231% 30 Days 1.841518% 0.000000% 0.027902% 0.000000% 1.869420% 2.051061% 0.000000% 0.036525% 0.000000% 2.087586% 60 Days 0.530134% 0.083705% 0.167411% 0.000000% 0.781250% 0.683682% 0.066201% 0.170852% 0.000000% 0.920735% 90 Days 0.167411% 0.000000% 0.334821% 0.000000% 0.502232% 0.113663% 0.000000% 0.378308% 0.000000% 0.491971% 120 Days 0.000000% 0.055804% 0.139509% 0.027902% 0.223214% 0.000000% 0.097227% 0.199961% 0.009978% 0.307166% 150 Days 0.083705% 0.055804% 0.251116% 0.000000% 0.390625% 0.053742% 0.043115% 0.457737% 0.000000% 0.554594% 180+ Days 0.139509% 0.167411% 0.223214% 0.251116% 0.781250% 0.058007% 0.089195% 0.231276% 0.220249% 0.598727% Totals 2.762277% 0.976563% 1.171875% 0.279018% 5.189732% 2.960155% 0.717473% 1.495155% 0.230227% 5.403010% (7) Delinquencies are stratified according to the information the Servicer has provided.
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 194,376.02 Class A-6 157,547,309.07 20.50010803% 157,547,453.80 28.39233913% 3.120414% 0.000000% Class M-1 104,903,309.07 13.65005331% 104,903,453.80 18.90512581% 9.487213% 0.000000% Class M-2 62,250,309.07 8.10003083% 62,250,453.80 11.21843579% 7.686690% 0.000000% Class M-3 49,185,309.07 6.40000870% 49,185,453.80 8.86393306% 2.354503% 0.000000% Class M-4 37,273,309.07 4.85001532% 37,273,453.80 6.71721767% 2.146715% 0.000000% Class CE 0.00 0.00000000% 0.00 0.00000000% 1.454233% 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 7.409308% Weighted Average Net Coupon 6.909308% Weighted Average Pass-Through Rate 6.904308% Weighted Average Maturity(Stepdown Calculation ) 329 Beginning Scheduled Collateral Loan Count 3,816 Number Of Loans Paid In Full 232 Ending Scheduled Collateral Loan Count 3,584 Beginning Scheduled Collateral Balance 594,123,423.90 Ending Scheduled Collateral Balance 554,894,237.85 Ending Actual Collateral Balance at 31-Oct-2004 555,389,341.92 Monthly P &I Constant 4,148,883.82 Special Servicing Fee 0.00 Prepayment Penalties 929,627.11 Realized Loss Amount 0.00 Cumulative Realized Loss 936.10 Ending Scheduled Balance for Premium Loans 554,894,237.85 Scheduled Principal 480,514.50 Unscheduled Principal 38,748,671.55
Other Income (1,969.62)
Miscellaneous Reporting Net Monthly Excess Cashflow 2,139,859.80 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 8,069,453.79 Stepdown 0.00 Trigger Event 0.00 Credit Enhancement Percentage 26.517630422%
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 8.163898 7.189048 8.183719 Weighted Average Net Rate 7.663898 6.689048 7.683719 Weighted Average Maturity 286 348 288 Beginning Loan Count 911 1,208 470 Loans Paid In Full 49 71 26 Ending Loan Count 862 1,137 444 Beginning Scheduled Balance 75,462,792.67 201,066,291.61 40,484,768.58 Ending scheduled Balance 71,388,220.72 186,675,016.62 38,676,175.82 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 582,700.10 1,366,568.33 313,110.03 Scheduled Principal 69,308.01 162,005.60 37,013.39 Unscheduled Principal 4,005,263.94 14,229,269.39 1,771,579.37 Scheduled Interest 513,392.09 1,204,562.73 276,096.64 Servicing Fees 31,442.83 83,777.62 16,868.65 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 314.42 837.76 168.69 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 481,634.84 1,119,947.35 259,059.30 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 7.658898 6.684048 7.678719
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 7.178803 8.559798 6.806635 Weighted Average Net Rate 6.678804 8.059798 6.306635 Weighted Average Maturity 348 247 348 Beginning Loan Count 619 317 291 Loans Paid In Full 33 32 21 Ending Loan Count 586 285 270 Beginning Scheduled Balance 105,706,118.68 47,717,896.85 123,685,555.51 Ending scheduled Balance 98,714,781.69 44,387,743.07 115,052,299.93 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 718,083.75 374,676.86 793,744.75 Scheduled Principal 85,714.21 34,297.22 92,176.07 Unscheduled Principal 6,905,622.78 3,295,856.56 8,541,079.51 Scheduled Interest 632,369.54 340,379.64 701,568.68 Servicing Fees 44,044.21 19,882.45 51,535.66 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 440.44 198.83 515.37 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 587,884.89 320,298.36 649,517.65 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 936.10 Percentage of Cumulative Losses 0.0000 0.0000 0.0006 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.673803 8.054798 6.301635
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.409308 Weighted Average Net Rate 6.909308 Weighted Average Maturity 329.00 Record Date 10/31/2004 Principal And Interest Constant 4,148,883.82 Beginning Loan Count 3,816 Loans Paid In Full 232 Ending Loan Count 3,584 Beginning Scheduled Balance 594,123,423.90 Ending Scheduled Balance 554,894,237.85 Scheduled Principal 480,514.50 Unscheduled Principal 38,748,671.55 Scheduled Interest 3,668,369.32 Servicing Fee 247,551.42 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 2,475.51 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,418,342.39 Realized Loss Amount 0.00 Cumulative Realized Loss 936.10 Percentage of Cumulative Losses 0.0001 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.904308
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