-----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, J3Jn+3mtQhKIvMEwuQ44l82nAo9IaEGrW2o5kasnuABMCqLPO6VMUMJtSXHPVDb/ //+1CCN5XJuibd7ODPqSCw== 0001056404-05-000155.txt : 20050104 0001056404-05-000155.hdr.sgml : 20050104 20050104115230 ACCESSION NUMBER: 0001056404-05-000155 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 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: 05504907 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mab04wm1_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-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 December 27, 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 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-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: 12/31/2004 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 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-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 2.40000% 157,404,072.69 325,301.75 20,307,995.88 A2 57643LCR5 SEN 2.56000% 28,170,000.00 62,099.20 0.00 A3 57643LCS3 SEN 2.41000% 98,366,312.36 204,137.42 6,893,599.07 A4 57643LCT1 SEN 2.28000% 16,241,299.01 31,887.08 10,229,332.01 A5 57643LCU8 SEN 2.40000% 79,850,000.00 165,023.33 0.00 A6 57643LCV6 SEN 2.58000% 17,315,000.00 38,468.16 0.00 M1 57643LCW4 MEZ 2.70000% 52,644,000.00 122,397.30 0.00 M2 57643LCX2 MEZ 3.33000% 42,653,000.00 122,307.48 0.00 M3 57643LCY0 MEZ 3.53000% 13,065,000.00 39,713.97 0.00 M4 57643LCZ7 MEZ 3.98000% 11,912,000.00 40,825.07 0.00 M5 57643LDA1 MEZ 4.13000% 9,222,000.00 32,797.02 0.00 M6 57643LDB9 MEZ 5.43000% 11,528,000.00 53,903.01 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 1,901,621.29 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% 100.00 718,091.81 0.00 Totals 554,894,237.86 3,900,843.89 37,430,926.96
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 137,096,076.81 20,633,297.63 0.00 A2 0.00 28,170,000.00 62,099.20 0.00 A3 0.00 91,472,713.29 7,097,736.49 0.00 A4 0.00 6,011,967.00 10,261,219.09 0.00 A5 0.00 79,850,000.00 165,023.33 0.00 A6 0.00 17,315,000.00 38,468.16 0.00 M1 0.00 52,644,000.00 122,397.30 0.00 M2 0.00 42,653,000.00 122,307.48 0.00 M3 0.00 13,065,000.00 39,713.97 0.00 M4 0.00 11,912,000.00 40,825.07 0.00 M5 0.00 9,222,000.00 32,797.02 0.00 M6 0.00 11,528,000.00 53,903.01 0.00 M7 0.00 8,454,000.00 42,270.00 0.00 CE 0.00 8,069,453.80 1,901,621.29 0.00 R 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 P 0.00 100.00 718,091.81 0.00 Totals 0.00 517,463,310.90 41,331,770.85 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 253,534,000.00 157,404,072.69 0.00 20,307,995.88 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 98,366,312.36 0.00 6,893,599.07 0.00 0.00 A4 80,421,000.00 16,241,299.01 0.00 10,229,332.01 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 768,519,409.07 554,894,237.86 0.00 37,430,926.96 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 20,307,995.88 137,096,076.81 0.54074040 20,307,995.88 A2 0.00 28,170,000.00 1.00000000 0.00 A3 6,893,599.07 91,472,713.29 0.60305582 6,893,599.07 A4 10,229,332.01 6,011,967.00 0.07475618 10,229,332.01 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 37,430,926.96 517,463,310.90 0.67332497 37,430,926.96
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 253,534,000.00 620.84009517 0.00000000 80.09969424 0.00000000 A2 28,170,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A3 151,682,000.00 648.50352949 0.00000000 45.44770685 0.00000000 A4 80,421,000.00 201.95345755 0.00000000 127.19727447 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 80.09969424 540.74040093 0.54074040 80.09969424 A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A3 0.00000000 45.44770685 603.05582264 0.60305582 45.44770685 A4 0.00000000 127.19727447 74.75618309 0.07475618 127.19727447 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 2.40000% 157,404,072.69 325,301.75 0.00 0.00 A2 28,170,000.00 2.56000% 28,170,000.00 62,099.20 0.00 0.00 A3 151,682,000.00 2.41000% 98,366,312.36 204,137.42 0.00 0.00 A4 80,421,000.00 2.28000% 16,241,299.01 31,887.08 0.00 0.00 A5 79,850,000.00 2.40000% 79,850,000.00 165,023.33 0.00 0.00 A6 17,315,000.00 2.58000% 17,315,000.00 38,468.16 0.00 0.00 M1 52,644,000.00 2.70000% 52,644,000.00 122,397.30 0.00 0.00 M2 42,653,000.00 3.33000% 42,653,000.00 122,307.48 0.00 0.00 M3 13,065,000.00 3.53000% 13,065,000.00 39,713.97 0.00 0.00 M4 11,912,000.00 3.98000% 11,912,000.00 40,825.07 0.00 0.00 M5 9,222,000.00 4.13000% 9,222,000.00 32,797.02 0.00 0.00 M6 11,528,000.00 5.43000% 11,528,000.00 53,903.01 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 1,281,130.79 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 0.00 325,301.75 0.00 137,096,076.81 A2 0.00 0.00 62,099.20 0.00 28,170,000.00 A3 0.00 0.00 204,137.42 0.00 91,472,713.29 A4 0.00 0.00 31,887.08 0.00 6,011,967.00 A5 0.00 0.00 165,023.33 0.00 79,850,000.00 A6 0.00 0.00 38,468.16 0.00 17,315,000.00 M1 0.00 0.00 122,397.30 0.00 52,644,000.00 M2 0.00 0.00 122,307.48 0.00 42,653,000.00 M3 0.00 0.00 39,713.97 0.00 13,065,000.00 M4 0.00 0.00 40,825.07 0.00 11,912,000.00 M5 0.00 0.00 32,797.02 0.00 9,222,000.00 M6 0.00 0.00 53,903.01 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 1,901,621.29 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 0.00 718,091.81 0.00 100.00 Totals 0.00 0.00 3,900,843.89 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 2.40000% 620.84009517 1.28306953 0.00000000 0.00000000 A2 28,170,000.00 2.56000% 1000.00000000 2.20444444 0.00000000 0.00000000 A3 151,682,000.00 2.41000% 648.50352949 1.34582495 0.00000000 0.00000000 A4 80,421,000.00 2.28000% 201.95345755 0.39650191 0.00000000 0.00000000 A5 79,850,000.00 2.40000% 1000.00000000 2.06666662 0.00000000 0.00000000 A6 17,315,000.00 2.58000% 1000.00000000 2.22166676 0.00000000 0.00000000 M1 52,644,000.00 2.70000% 1000.00000000 2.32500000 0.00000000 0.00000000 M2 42,653,000.00 3.33000% 1000.00000000 2.86750006 0.00000000 0.00000000 M3 13,065,000.00 3.53000% 1000.00000000 3.03972216 0.00000000 0.00000000 M4 11,912,000.00 3.98000% 1000.00000000 3.42722213 0.00000000 0.00000000 M5 9,222,000.00 4.13000% 1000.00000000 3.55638907 0.00000000 0.00000000 M6 11,528,000.00 5.43000% 1000.00000000 4.67583362 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 1.28306953 0.00000000 540.74040093 A2 0.00000000 0.00000000 2.20444444 0.00000000 1000.00000000 A3 0.00000000 0.00000000 1.34582495 0.00000000 603.05582264 A4 0.00000000 0.00000000 0.39650191 0.00000000 74.75618309 A5 0.00000000 0.00000000 2.06666662 0.00000000 1000.00000000 A6 0.00000000 0.00000000 2.22166676 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.32500000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.86750006 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.03972216 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.42722213 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.55638907 0.00000000 1000.00000000 M6 0.00000000 0.00000000 4.67583362 0.00000000 1000.00000000 M7 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 235.66098082 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 7180918.10000000 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 40,847,197.10 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 718,091.81 Total Deposits 41,565,288.91 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 233,518.06 Payment of Interest and Principal 41,331,770.85 Total Withdrawals (Pool Distribution Amount) 41,565,288.91 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 231,205.97 Administrator fee 2,312.09 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 233,518.06
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 2,359,619.03 113,744.92 0.00 2,473,363.95 30 Days 56 2 7 0 65 8,655,923.68 135,524.00 970,720.89 0.00 9,762,168.57 60 Days 14 2 6 0 22 1,927,156.61 267,709.12 771,118.87 0.00 2,965,984.60 90 Days 6 3 10 0 19 1,193,191.13 292,237.31 1,392,196.84 0.00 2,877,625.28 120 Days 2 1 11 0 14 218,120.11 71,703.64 1,879,194.81 0.00 2,169,018.56 150 Days 0 3 4 1 8 0.00 1,021,224.66 629,328.76 55,415.65 1,705,969.07 180+ Days 7 5 15 10 37 590,071.36 513,296.89 3,555,747.27 1,315,840.10 5,974,955.62 Totals 85 38 54 11 188 12,584,462.89 4,661,314.65 9,312,052.36 1,371,255.75 27,929,085.65 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 0.654957% 0.029771% 0.000000% 0.684728% 0.455583% 0.021961% 0.000000% 0.477544% 30 Days 1.667163% 0.059542% 0.208395% 0.000000% 1.935100% 1.671241% 0.026166% 0.187422% 0.000000% 1.884830% 60 Days 0.416791% 0.059542% 0.178625% 0.000000% 0.654957% 0.372086% 0.051688% 0.148884% 0.000000% 0.572657% 90 Days 0.178625% 0.089312% 0.297708% 0.000000% 0.565645% 0.230375% 0.056424% 0.268798% 0.000000% 0.555597% 120 Days 0.059542% 0.029771% 0.327478% 0.000000% 0.416791% 0.042114% 0.013844% 0.362825% 0.000000% 0.418783% 150 Days 0.000000% 0.089312% 0.119083% 0.029771% 0.238166% 0.000000% 0.197173% 0.121508% 0.010699% 0.329380% 180+ Days 0.208395% 0.148854% 0.446561% 0.297708% 1.101518% 0.113928% 0.099105% 0.686525% 0.254056% 1.153614% Totals 2.530515% 1.131289% 1.607621% 0.327478% 5.596904% 2.429744% 0.899983% 1.797923% 0.264755% 5.392405% (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 183,047.04 Class A-6 157,547,309.07 20.50010803% 157,547,453.80 30.44611096% 3.346131% 0.000000% Class M-1 104,903,309.07 13.65005331% 104,903,453.80 20.27263607% 10.173475% 0.000000% Class M-2 62,250,309.07 8.10003083% 62,250,453.80 12.02992608% 8.242710% 0.000000% Class M-3 49,185,309.07 6.40000870% 49,185,453.80 9.50510940% 2.524817% 0.000000% Class M-4 37,273,309.07 4.85001532% 37,273,453.80 7.20311045% 2.301999% 0.000000% Class CE 0.00 0.00000000% 0.00 0.00000000% 1.559425% 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 7.402122% Weighted Average Net Coupon 6.902122% Weighted Average Pass-Through Rate 6.897122% Weighted Average Maturity(Stepdown Calculation ) 328 Beginning Scheduled Collateral Loan Count 3,584 Number Of Loans Paid In Full 225 Ending Scheduled Collateral Loan Count 3,359 Beginning Scheduled Collateral Balance 554,894,237.85 Ending Scheduled Collateral Balance 517,463,310.89 Ending Actual Collateral Balance at 30-Nov-2004 517,933,774.16 Monthly P &I Constant 3,876,605.45 Special Servicing Fee 0.00 Prepayment Penalties 718,091.81 Realized Loss Amount 0.00 Cumulative Realized Loss 936.10 Ending Scheduled Balance for Premium Loans 517,463,310.89 Scheduled Principal 453,776.45 Unscheduled Principal 36,977,150.51
Other Income (6,558.93)
Miscellaneous Reporting Net Monthly Excess Cashflow 1,901,621.28 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 30.446111%
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 8.133284 7.198862 8.148485 Weighted Average Net Rate 7.633284 6.698862 7.648485 Weighted Average Maturity 285 347 287 Beginning Loan Count 862 1,137 444 Loans Paid In Full 50 86 20 Ending Loan Count 812 1,051 424 Beginning Scheduled Balance 71,388,220.72 186,675,016.62 38,676,175.82 Ending scheduled Balance 67,645,432.33 170,109,809.13 37,345,254.77 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 550,929.78 1,270,897.95 298,357.43 Scheduled Principal 67,079.23 151,024.95 35,730.57 Unscheduled Principal 3,675,709.16 16,414,182.54 1,295,190.48 Scheduled Interest 483,850.55 1,119,873.00 262,626.86 Servicing Fees 29,745.10 77,781.25 16,115.08 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 297.46 777.84 161.14 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 453,807.99 1,041,313.91 246,350.64 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 7.628284 6.693862 7.643485
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 7.189543 8.463658 6.800189 Weighted Average Net Rate 6.689543 7.963658 6.300189 Weighted Average Maturity 347 246 347 Beginning Loan Count 586 285 270 Loans Paid In Full 28 23 18 Ending Loan Count 558 262 252 Beginning Scheduled Balance 98,714,781.69 44,387,743.07 115,052,299.93 Ending scheduled Balance 93,152,103.67 41,875,543.73 107,335,167.26 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 671,793.63 345,866.47 738,760.19 Scheduled Principal 80,365.13 32,797.57 86,779.00 Unscheduled Principal 5,482,312.89 2,479,401.77 7,630,353.67 Scheduled Interest 591,428.50 313,068.90 651,981.19 Servicing Fees 41,131.19 18,494.88 47,938.47 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 411.33 184.95 479.37 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 549,885.98 294,389.07 603,563.35 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 6.684543 7.958658 6.295189
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.402122 Weighted Average Net Rate 6.902122 Weighted Average Maturity 328.00 Record Date 11/30/2004 Principal And Interest Constant 3,876,605.45 Beginning Loan Count 3,584 Loans Paid In Full 225 Ending Loan Count 3,359 Beginning Scheduled Balance 554,894,237.85 Ending Scheduled Balance 517,463,310.89 Scheduled Principal 453,776.45 Unscheduled Principal 36,977,150.51 Scheduled Interest 3,422,829.00 Servicing Fee 231,205.97 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 2,312.09 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,189,310.94 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 6.897122
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