-----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, Hm8DB6aaQbYc2JECwWfvZ80BLAhQovl0n+/PKQxFYETMPL0D+6Y2YoYyortCjc3m lxb/2EVXLlLSRTOnLO1kng== 0001056404-04-003207.txt : 20040930 0001056404-04-003207.hdr.sgml : 20040930 20040930111535 ACCESSION NUMBER: 0001056404-04-003207 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040925 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABFC ASSET-BACKED CERTIFICATES SERIES 2004-OPT2 CENTRAL INDEX KEY: 0001285680 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: 333-108551-05 FILM NUMBER: 041054431 BUSINESS ADDRESS: STREET 1: 100 NORTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 abf04op2_sep.txt SEPT. 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): September 27, 2004 ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2004-OP2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108551-05 54-2147328 Pooling and Servicing Agreement) (Commission 54-2147329 (State or other File Number) 54-6601033 jurisdiction IRS EIN 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 September 27, 2004 a distribution was made to holders of ASSET BACKED FUNDING CORPORATION, Asset Backed Certificates, Series 2004-OP2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-OP2 Trust, relating to the September 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. ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2004-OP2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/29/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-OP2 Trust, relating to the September 27, 2004 distribution. EX-99.1
Asset Backed Funding Corporation Mortgage Pass-Through Certificates Record Date: 8/31/04 Distribution Date: 9/27/04 ABFC Series: 2004-OP2 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 04542BFT4 SEQ 1.90500% 258,435,667.12 451,293.28 14,606,789.25 A1A 04542BFU1 SEQ 2.00500% 28,715,345.05 52,776.41 1,622,991.90 A2 04542BFV9 SEQ 1.89500% 49,254,513.14 85,559.20 1,613,189.05 M1 04542BFW7 SUB 2.16500% 26,969,000.00 53,522.23 0.00 M2 04542BFX5 SUB 2.61500% 21,576,000.00 51,719.47 0.00 M3 04542BFY3 SUB 2.81500% 5,394,000.00 13,918.77 0.00 M4 04542BFZ0 SUB 3.16500% 6,130,000.00 17,784.66 0.00 M5 04542BGA4 SUB 3.26500% 4,168,000.00 12,474.48 0.00 M6 04542BGB2 SUB 4.56500% 6,129,000.00 25,647.31 0.00 B 04542BGC0 SUB 5.11500% 4,904,000.00 22,993.63 0.00 CE ABF4OP2CE SEQ 0.00000% 3,187,344.82 1,532,229.92 0.00 R1 ABF04OP2R1 SEQ 0.00000% 0.00 0.00 0.00 R2 ABF04OP2R2 SEQ 0.00000% 0.00 0.00 0.00 P ABF04OP2P SEQ 0.00000% 0.00 267,081.19 0.00 Totals 414,862,870.13 2,587,000.55 17,842,970.20
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 243,828,877.87 15,058,082.53 0.00 A1A 0.00 27,092,353.15 1,675,768.31 0.00 A2 0.00 47,641,324.09 1,698,748.25 0.00 M1 0.00 26,969,000.00 53,522.23 0.00 M2 0.00 21,576,000.00 51,719.47 0.00 M3 0.00 5,394,000.00 13,918.77 0.00 M4 0.00 6,130,000.00 17,784.66 0.00 M5 0.00 4,168,000.00 12,474.48 0.00 M6 0.00 6,129,000.00 25,647.31 0.00 B 0.00 4,904,000.00 22,993.63 0.00 CE 0.00 3,187,344.82 1,532,229.92 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 P 0.00 0.00 267,081.19 0.00 Totals 0.00 397,019,899.93 20,429,970.75 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 317,967,000.00 258,435,667.12 0.00 14,606,789.25 0.00 0.00 A1A 35,330,000.00 28,715,345.05 0.00 1,622,991.90 0.00 0.00 A2 58,606,000.00 49,254,513.14 0.00 1,613,189.05 0.00 0.00 M1 26,969,000.00 26,969,000.00 0.00 0.00 0.00 0.00 M2 21,576,000.00 21,576,000.00 0.00 0.00 0.00 0.00 M3 5,394,000.00 5,394,000.00 0.00 0.00 0.00 0.00 M4 6,130,000.00 6,130,000.00 0.00 0.00 0.00 0.00 M5 4,168,000.00 4,168,000.00 0.00 0.00 0.00 0.00 M6 6,129,000.00 6,129,000.00 0.00 0.00 0.00 0.00 B 4,904,000.00 4,904,000.00 0.00 0.00 0.00 0.00 CE 3,187,742.22 3,187,344.82 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 Totals 490,360,742.22 414,862,870.13 0.00 17,842,970.20 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 14,606,789.25 243,828,877.87 0.76683706 14,606,789.25 A1A 1,622,991.90 27,092,353.15 0.76683705 1,622,991.90 A2 1,613,189.05 47,641,324.09 0.81290865 1,613,189.05 M1 0.00 26,969,000.00 1.00000000 0.00 M2 0.00 21,576,000.00 1.00000000 0.00 M3 0.00 5,394,000.00 1.00000000 0.00 M4 0.00 6,130,000.00 1.00000000 0.00 M5 0.00 4,168,000.00 1.00000000 0.00 M6 0.00 6,129,000.00 1.00000000 0.00 B 0.00 4,904,000.00 1.00000000 0.00 CE 0.00 3,187,344.82 0.99987533 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 Totals 17,842,970.20 397,019,899.93 0.80964862 17,842,970.20
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 317,967,000.00 812.77512170 0.00000000 45.93806669 0.00000000 A1A 35,330,000.00 812.77512171 0.00000000 45.93806680 0.00000000 A2 58,606,000.00 840.43465072 0.00000000 27.52600502 0.00000000 M1 26,969,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 21,576,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 5,394,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 6,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 4,168,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 6,129,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 4,904,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 3,187,742.22 999.87533496 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 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 45.93806669 766.83705501 0.76683706 45.93806669 A1A 0.00000000 45.93806680 766.83705491 0.76683705 45.93806680 A2 0.00000000 27.52600502 812.90864570 0.81290865 27.52600502 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 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.87533496 0.99987533 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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 A1 317,967,000.00 1.90500% 258,435,667.12 451,293.28 0.00 0.00 A1A 35,330,000.00 2.00500% 28,715,345.05 52,776.41 0.00 0.00 A2 58,606,000.00 1.89500% 49,254,513.14 85,559.19 0.00 0.00 M1 26,969,000.00 2.16500% 26,969,000.00 53,522.23 0.00 0.00 M2 21,576,000.00 2.61500% 21,576,000.00 51,719.47 0.00 0.00 M3 5,394,000.00 2.81500% 5,394,000.00 13,918.77 0.00 0.00 M4 6,130,000.00 3.16500% 6,130,000.00 17,784.66 0.00 0.00 M5 4,168,000.00 3.26500% 4,168,000.00 12,474.48 0.00 0.00 M6 6,129,000.00 4.56500% 6,129,000.00 25,647.31 0.00 0.00 B 4,904,000.00 5.11500% 4,904,000.00 22,993.63 0.00 0.00 CE 3,187,742.22 0.00000% 3,187,344.82 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 Totals 490,360,742.22 787,689.43 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 0.00 451,293.28 0.00 243,828,877.87 A1A 0.00 0.00 52,776.41 0.00 27,092,353.15 A2 0.00 0.00 85,559.20 0.00 47,641,324.09 M1 0.00 0.00 53,522.23 0.00 26,969,000.00 M2 0.00 0.00 51,719.47 0.00 21,576,000.00 M3 0.00 0.00 13,918.77 0.00 5,394,000.00 M4 0.00 0.00 17,784.66 0.00 6,130,000.00 M5 0.00 0.00 12,474.48 0.00 4,168,000.00 M6 0.00 0.00 25,647.31 0.00 6,129,000.00 B 0.00 0.00 22,993.63 0.00 4,904,000.00 CE 0.00 0.00 1,532,229.92 0.00 3,187,344.82 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 267,081.19 0.00 0.01 Totals 0.00 0.00 2,587,000.55 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 317,967,000.00 1.90500% 812.77512170 1.41930854 0.00000000 0.00000000 A1A 35,330,000.00 2.00500% 812.77512171 1.49381291 0.00000000 0.00000000 A2 58,606,000.00 1.89500% 840.43465072 1.45990496 0.00000000 0.00000000 M1 26,969,000.00 2.16500% 1000.00000000 1.98458341 0.00000000 0.00000000 M2 21,576,000.00 2.61500% 1000.00000000 2.39708333 0.00000000 0.00000000 M3 5,394,000.00 2.81500% 1000.00000000 2.58041713 0.00000000 0.00000000 M4 6,130,000.00 3.16500% 1000.00000000 2.90124959 0.00000000 0.00000000 M5 4,168,000.00 3.26500% 1000.00000000 2.99291747 0.00000000 0.00000000 M6 6,129,000.00 4.56500% 1000.00000000 4.18458313 0.00000000 0.00000000 B 4,904,000.00 5.11500% 1000.00000000 4.68875000 0.00000000 0.00000000 CE 3,187,742.22 0.00000% 999.87533496 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 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 1.41930854 0.00000000 766.83705501 A1A 0.00000000 0.00000000 1.49381291 0.00000000 766.83705491 A2 0.00000000 0.00000000 1.45990513 0.00000000 812.90864570 M1 0.00000000 0.00000000 1.98458341 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.39708333 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.58041713 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.90124959 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.99291747 0.00000000 1000.00000000 M6 0.00000000 0.00000000 4.18458313 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.68875000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 480.66305688 0.00000000 999.87533496 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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 20,413,129.75 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) (97.16) Prepayment Penalties 267,081.19 Total Deposits 20,680,113.78 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 250,143.03 Payment of Interest and Principal 20,429,970.75 Total Withdrawals (Pool Distribution Amount) 20,680,113.78 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 103,715.77 Credit Risk Manager Fee 6,050.19 PMI Premium 137,611.35 Trustee Fee 2,765.72 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 250,143.03
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Account 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 7 1 0 8 1,059,383.27 103,585.19 0.00 1,162,968.46 30 Days 34 1 0 0 35 5,227,288.92 58,975.19 0.00 0.00 5,286,264.11 60 Days 9 1 3 0 13 1,531,636.42 75,534.13 335,110.38 0.00 1,942,280.93 90 Days 4 2 19 1 26 1,108,516.86 383,206.46 2,517,395.51 50,251.49 4,059,370.32 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 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 47 11 23 1 82 7,867,442.20 1,577,099.05 2,956,091.08 50,251.49 12,450,883.82 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 0.275916% 0.039417% 0.000000% 0.315333% 0.266734% 0.026081% 0.000000% 0.292815% 30 Days 1.340166% 0.039417% 0.000000% 0.000000% 1.379582% 1.316138% 0.014849% 0.000000% 0.000000% 1.330987% 60 Days 0.354750% 0.039417% 0.118250% 0.000000% 0.512416% 0.385639% 0.019018% 0.084375% 0.000000% 0.489032% 90 Days 0.157667% 0.078833% 0.748916% 0.039417% 1.024832% 0.279105% 0.096485% 0.633835% 0.012652% 1.022077% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 1.852582% 0.433583% 0.906583% 0.039417% 3.232164% 1.980882% 0.397085% 0.744291% 0.012652% 3.134910%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 62,165.92
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.433680% Weighted Average Net Coupon 7.133680% Weighted Average Pass-Through Rate 6.710136% Weighted Average Maturity(Stepdown Calculation ) 349 Beginning Scheduled Collateral Loan Count 2,636 Number Of Loans Paid In Full 99 Ending Scheduled Collateral Loan Count 2,537 Beginning Scheduled Collateral Balance 414,862,870.13 Ending Scheduled Collateral Balance 397,019,899.94 Ending Actual Collateral Balance at 31-Aug-2004 397,168,740.92 Monthly P &I Constant 2,928,409.55 Special Servicing Fee 0.00 Prepayment Penalties 267,081.19 Realized Loss Amount (97.16) Cumulative Realized Loss 4,933.82 Ending Scheduled Balance for Premium Loans 397,019,899.94 Scheduled Principal 358,444.56 Unscheduled Principal 17,484,525.63 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 3,187,344.82 Overcollateralized Amount 3,187,344.82 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,532,229.92
Miscellaneous Reporting Group 1 Available Funds 18,227,596.51 Group 2 Available Funds 1,935,292.90
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.471331 7.212801 7.433680 Weighted Average Net Rate 7.171331 6.912801 7.133680 Weighted Average Maturity 349 349 349 Beginning Loan Count 2,390 246 2,636 Loans Paid In Full 92 7 99 Ending Loan Count 2,298 239 2,537 Beginning Scheduled Balance 354,444,522.30 60,418,347.83 414,862,870.13 Ending scheduled Balance 338,214,741.16 58,805,158.78 397,019,899.94 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 2,511,866.00 416,543.55 2,928,409.55 Scheduled Principal 305,055.61 53,388.95 358,444.56 Unscheduled Principal 15,924,725.53 1,559,800.10 17,484,525.63 Scheduled Interest 2,206,810.39 363,154.60 2,569,964.99 Servicing Fees 88,611.20 15,104.57 103,715.77 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 2,362.95 402.77 2,765.72 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 5,169.03 881.16 6,050.19 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 3 112,949.00 24,662.35 137,611.35 Net Interest 1,997,718.21 322,103.75 2,319,821.96 Realized Loss Amount (97.16) 0.00 (97.16) Cumulative Realized Loss 4,933.82 0.00 4,933.82 Percentage of Cumulative Losses 0.0012 0.0000 0.0010 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.763433 6.397471 6.710136
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