-----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, NxTX4VvffiuykiegaWAZkVM7MHLy4jjJ1okyh7gnvqCFx7OmJCetV9YWZ+zGtXvA ksDAruBeAr/3A1hG+1whCQ== 0001056404-04-002801.txt : 20040902 0001056404-04-002801.hdr.sgml : 20040902 20040902160457 ACCESSION NUMBER: 0001056404-04-002801 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: 20040902 DATE AS OF CHANGE: 20040902 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORT PRIME MORT TR PAS THR CER SER 2004 CL2 CENTRAL INDEX KEY: 0001285371 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: 333-106323-19 FILM NUMBER: 041013992 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 prm04cl2_aug.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 PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2004-CL2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-19 54-2147384 Pooling and Servicing Agreement) (Commission 54-2147385 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of PRIME MORTGAGE TRUST, Mortgage Pass-Through Certificates, Series 2004-CL2 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-CL2 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. PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2004-CL2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/2/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-CL2 Trust, relating to the August 25, 2004 distribution. EX-99.1
Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 7/31/04 Distribution Date: 8/25/04 PRM Series: 2004-CL2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 74160MED0 SEN 6.89899% 152,504,531.52 875,935.39 6,572,992.24 XB 74160MEG3 SEN 1.64899% 0.00 5,706.08 0.00 B-1 74160MEH1 SUB 5.25000% 3,447,106.60 15,066.70 14,807.54 B-2 74160MEJ7 SUB 5.25000% 303,982.86 1,328.66 1,305.80 B-3 74160MEK4 SUB 5.25000% 405,310.48 1,771.54 1,741.07 B-4 74160MEL2 SUB 6.89899% 202,655.24 1,163.98 870.53 B-5 74160MEM0 SUB 6.89899% 101,327.62 581.99 435.27 B-6 74160MEN8 SUB 6.89899% 203,585.18 1,169.33 874.53 R-I 74160MEE8 SEN 6.90944% 0.00 0.00 0.00 R-II 74160MEF5 SEN 6.90944% 0.00 0.00 0.00 Totals 157,168,499.50 902,723.67 6,593,026.98
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 145,931,539.28 7,448,927.63 0.00 XB 0.00 0.00 5,706.08 0.00 B-1 0.00 3,432,299.07 29,874.24 0.00 B-2 0.00 302,677.06 2,634.46 0.00 B-3 0.00 403,569.41 3,512.61 0.00 B-4 0.00 201,784.71 2,034.51 0.00 B-5 0.00 100,892.35 1,017.26 0.00 B-6 0.00 202,710.65 2,043.86 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 150,575,472.53 7,495,750.65 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 201,356,000.00 152,504,531.52 655,105.02 5,917,887.22 0.00 0.00 B-1 3,504,000.00 3,447,106.60 14,807.54 0.00 0.00 0.00 B-2 309,000.00 303,982.86 1,305.80 0.00 0.00 0.00 B-3 412,000.00 405,310.48 1,741.07 0.00 0.00 0.00 B-4 206,000.00 202,655.24 870.53 0.00 0.00 0.00 B-5 103,000.00 101,327.62 435.27 0.00 0.00 0.00 B-6 206,945.55 203,585.18 874.53 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 Totals 206,097,045.55 157,168,499.50 675,139.76 5,917,887.22 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 6,572,992.24 145,931,539.28 0.72474393 6,572,992.24 B-1 14,807.54 3,432,299.07 0.97953741 14,807.54 B-2 1,305.80 302,677.06 0.97953741 1,305.80 B-3 1,741.07 403,569.41 0.97953740 1,741.07 B-4 870.53 201,784.71 0.97953743 870.53 B-5 435.27 100,892.35 0.97953738 435.27 B-6 874.53 202,710.65 0.97953616 874.53 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 6,593,026.98 150,575,472.53 0.73060471 6,593,026.98
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 201,356,000.00 757.38756988 3.25346660 29.39017074 0.00000000 XB 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,504,000.00 983.76329909 4.22589612 0.00000000 0.00000000 B-2 309,000.00 983.76330097 4.22588997 0.00000000 0.00000000 B-3 412,000.00 983.76330097 4.22589806 0.00000000 0.00000000 B-4 206,000.00 983.76330097 4.22587379 0.00000000 0.00000000 B-5 103,000.00 983.76330097 4.22592233 0.00000000 0.00000000 B-6 206,945.55 983.76205722 4.22589420 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 32.64363734 724.74393254 0.72474393 32.64363734 XB 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 4.22589612 979.53740582 0.97953741 4.22589612 B-2 0.00000000 4.22588997 979.53741100 0.97953741 4.22588997 B-3 0.00000000 4.22589806 979.53740291 0.97953740 4.22589806 B-4 0.00000000 4.22587379 979.53742718 0.97953743 4.22587379 B-5 0.00000000 4.22592233 979.53737864 0.97953738 4.22592233 B-6 0.00000000 4.22589420 979.53616301 0.97953616 4.22589420 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 201,356,000.00 6.89899% 152,504,531.52 876,772.07 0.00 0.00 XB 0.00 1.64899% 4,156,399.94 5,711.53 0.00 0.00 B-1 3,504,000.00 5.25000% 3,447,106.60 15,081.09 0.00 0.00 B-2 309,000.00 5.25000% 303,982.86 1,329.93 0.00 0.00 B-3 412,000.00 5.25000% 405,310.48 1,773.23 0.00 0.00 B-4 206,000.00 6.89899% 202,655.24 1,165.10 0.00 0.00 B-5 103,000.00 6.89899% 101,327.62 582.55 0.00 0.00 B-6 206,945.55 6.89899% 203,585.18 1,170.44 0.00 0.00 R-I 50.00 6.90944% 0.00 0.00 0.00 0.00 R-II 50.00 6.90944% 0.00 0.00 0.00 0.00 Totals 206,097,045.55 903,585.94 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 836.69 0.00 875,935.39 0.00 145,931,539.28 XB 5.45 0.00 5,706.08 0.00 4,138,545.53 B-1 14.39 0.00 15,066.70 0.00 3,432,299.07 B-2 1.27 0.00 1,328.66 0.00 302,677.06 B-3 1.69 0.00 1,771.54 0.00 403,569.41 B-4 1.11 0.00 1,163.98 0.00 201,784.71 B-5 0.56 0.00 581.99 0.00 100,892.35 B-6 1.12 0.00 1,169.33 0.00 202,710.65 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 862.28 0.00 902,723.67 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 201,356,000.00 6.89899% 757.38756988 4.35433794 0.00000000 0.00000000 XB 0.00 1.64899% 983.76329941 1.35184142 0.00000000 0.00000000 B-1 3,504,000.00 5.25000% 983.76329909 4.30396404 0.00000000 0.00000000 B-2 309,000.00 5.25000% 983.76330097 4.30398058 0.00000000 0.00000000 B-3 412,000.00 5.25000% 983.76330097 4.30395631 0.00000000 0.00000000 B-4 206,000.00 6.89899% 983.76330097 5.65582524 0.00000000 0.00000000 B-5 103,000.00 6.89899% 983.76330097 5.65582524 0.00000000 0.00000000 B-6 206,945.55 6.89899% 983.76205722 5.65578723 0.00000000 0.00000000 R-I 50.00 6.90944% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.90944% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00415528 0.00000000 4.35018271 0.00000000 724.74393254 XB 0.00128994 0.00000000 1.35055148 0.00000000 979.53740355 B-1 0.00410674 0.00000000 4.29985731 0.00000000 979.53740582 B-2 0.00411003 0.00000000 4.29987055 0.00000000 979.53741100 B-3 0.00410194 0.00000000 4.29985437 0.00000000 979.53740291 B-4 0.00538835 0.00000000 5.65038835 0.00000000 979.53742718 B-5 0.00543689 0.00000000 5.65038835 0.00000000 979.53737864 B-6 0.00541205 0.00000000 5.65042351 0.00000000 979.53616301 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 7,551,511.03 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 79,568.28 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 7,631,079.31 Withdrawals Reimbursement for Servicer Advances 96,426.41 Payment of Service Fee 38,902.25 Payment of Interest and Principal 7,495,750.65 Total Withdrawals (Pool Distribution Amount) 7,631,079.31 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 862.28 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 862.28
SERVICING FEES Gross Servicing Fee 36,263.81 Master Servicing Fee 1,964.62 Miscellaneous Fee 673.82 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 38,902.25
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 5 0 0 5 673,238.01 0.00 0.00 673,238.01 30 Days 23 0 0 0 23 4,438,662.54 0.00 0.00 0.00 4,438,662.54 60 Days 9 1 0 0 10 2,874,925.84 303,335.16 0.00 0.00 3,178,261.00 90 Days 5 1 0 0 6 1,258,481.57 76,204.57 0.00 0.00 1,334,686.14 120 Days 0 1 3 0 4 0.00 118,984.20 971,523.17 0.00 1,090,507.37 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 37 8 3 0 48 8,572,069.95 1,171,761.94 971,523.17 0.00 10,715,355.06 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 0.782473% 0.000000% 0.000000% 0.782473% 0.445852% 0.000000% 0.000000% 0.445852% 30 Days 3.599374% 0.000000% 0.000000% 0.000000% 3.599374% 2.939504% 0.000000% 0.000000% 0.000000% 2.939504% 60 Days 1.408451% 0.156495% 0.000000% 0.000000% 1.564945% 1.903919% 0.200884% 0.000000% 0.000000% 2.104803% 90 Days 0.782473% 0.156495% 0.000000% 0.000000% 0.938967% 0.833429% 0.050466% 0.000000% 0.000000% 0.883896% 120 Days 0.000000% 0.156495% 0.469484% 0.000000% 0.625978% 0.000000% 0.078797% 0.643391% 0.000000% 0.722188% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 5.790297% 1.251956% 0.469484% 0.000000% 7.511737% 5.676852% 0.775999% 0.643391% 0.000000% 7.096243%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 79,568.28
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 4,741,045.55 2.30039472% 4,643,933.25 3.08412331% 96.915877% 0.000000% Class B-1 1,237,045.55 0.60022479% 1,211,634.18 0.80466902% 2.279454% 73.909311% Class B-2 928,045.55 0.45029542% 908,957.12 0.60365550% 0.201014% 6.517688% Class B-3 516,045.55 0.25038959% 505,387.71 0.33563747% 0.268018% 8.690250% Class B-4 310,045.55 0.15043668% 303,603.00 0.20162846% 0.134009% 4.345125% Class B-5 207,045.55 0.10046022% 202,710.65 0.13462395% 0.067005% 2.172562% Class B-6 100.00 0.00004852% 0.00 0.00000000% 0.134624% 4.365064% Class R-I 50.00 0.00002426% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 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
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.04852083% 100,000.00 0.06641188% Fraud 2,060,970.00 0.99999978% 2,060,970.00 1.36872889% Special Hazard 2,060,970.00 0.99999978% 2,060,970.00 1.36872889% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 7.196769% Weighted Average Net Coupon 6.919891% Weighted Average Pass-Through Rate 6.899746% Weighted Average Maturity(Stepdown Calculation ) 237 Beginning Scheduled Collateral Loan Count 662 Number Of Loans Paid In Full 23 Ending Scheduled Collateral Loan Count 639 Beginning Scheduled Collateral Balance 157,168,499.50 Ending Scheduled Collateral Balance 150,575,472.52 Ending Actual Collateral Balance at 31-Jul-2004 151,000,405.03 Monthly P &I Constant 1,617,727.58 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,455,475.85 Ending Scheduled Balance for Premium Loans 150,575,472.52 Scheduled Principal 675,139.76 Unscheduled Principal 5,917,887.22
Miscellaneous Reporting Average Loss Severity Percentage 0.000000% Senior Percentage 97.032505% Senior Prepayment Percentage 100.000000% Subordinate Percentage 2.967495% Subordinate Prepayment Percentage 0.000000%
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