-----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, Pm0hYgXSu8ogc2cCF+b8Zb4ACJVlyCvDFLNgeY54CE8vZMT4VXLycER8+bAfYfV2 BZRfxSSisb2rWfE4UgSw2g== 0001056404-05-000045.txt : 20050103 0001056404-05-000045.hdr.sgml : 20041231 20050103144431 ACCESSION NUMBER: 0001056404-05-000045 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: 20050103 DATE AS OF CHANGE: 20050103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORT INVESTMENT THORNBURG SEC TRUST 2004-1 CENTRAL INDEX KEY: 0001285683 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: 333-106323-22 FILM NUMBER: 05502011 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 thb04001_dec.txt DECEMBER 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): December 27, 2004 THORNBURG MORTGAGE SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) Delaware (governing law of 333-106323-22 54-2150458 Pooling and Servicing Agreement) (Commission 54-2150459 (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 December 27, 2004 a distribution was made to holders of THORNBURG MORTGAGE SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2004-1 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 2004-1 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. THORNBURG MORTGAGE SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-1 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: 12/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-1 Trust, relating to the December 27, 2004 distribution. EX-99.1
Thornburg Mortgage Home Loans, Inc. Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Thornburg Mortgage Home Loans, Inc. Mortgage Pass-Through Certificates Series 2004-1 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 I-1A 885220ET6 SEN 2.45000% 93,823,221.01 191,555.74 2,675,338.78 I-2A 885220EU3 SEN 2.63000% 198,895,534.06 435,912.71 9,631,447.99 I-M 885220EZ2 SUB 2.76000% 8,357,500.00 19,222.25 0.00 II-1A 885220EV1 SEN 2.66116% 168,517,540.13 373,710.86 1,283,590.33 II-2A 885220EW9 SEN 3.34289% 269,060,930.82 749,534.20 3,111,839.87 II-3A 885220EX7 SEN 3.69486% 100,647,161.49 309,897.29 626,261.31 II-4A 885220EY5 SEN 4.23325% 81,043,471.69 285,897.51 66,124.39 II-M 885220FA6 SUB 4.16403% 17,471,000.00 60,624.86 0.00 B-IO 885220FD0 SEN 0.00000% 389.20 860,789.94 0.00 R-1 885220FB4 SEN 0.00000% 0.00 0.00 0.00 R-2 885220FC2 SEN 0.00000% 0.00 0.00 0.00 Totals 937,816,748.40 3,287,145.36 17,394,602.67
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-1A 0.00 91,147,882.23 2,866,894.52 0.00 I-2A 0.00 189,264,086.07 10,067,360.70 0.00 I-M 0.00 8,357,500.00 19,222.25 0.00 II-1A 0.00 167,233,949.80 1,657,301.19 0.00 II-2A 0.00 265,949,090.95 3,861,374.07 0.00 II-3A 0.00 100,020,900.18 936,158.60 0.00 II-4A 0.00 80,977,347.30 352,021.90 0.00 II-M 0.00 17,471,000.00 60,624.86 0.00 B-IO 0.00 389.20 860,789.94 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 Totals 0.00 920,422,145.73 20,681,748.03 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) I-1A 109,478,000.00 93,823,221.01 0.00 2,675,338.78 0.00 0.00 I-2A 245,489,000.00 198,895,534.06 0.00 9,631,447.99 0.00 0.00 I-M 8,357,500.00 8,357,500.00 0.00 0.00 0.00 0.00 II-1A 197,987,000.00 168,517,540.13 0.00 1,283,590.33 0.00 0.00 II-2A 320,096,000.00 269,060,930.82 0.00 3,111,839.87 0.00 0.00 II-3A 110,737,000.00 100,647,161.49 0.00 626,261.31 0.00 0.00 II-4A 97,092,000.00 81,043,471.69 0.00 66,124.39 0.00 0.00 II-M 17,471,000.00 17,471,000.00 0.00 0.00 0.00 0.00 B-IO 389.20 389.20 0.00 0.00 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 Totals 1,106,707,989.20 937,816,748.40 0.00 17,394,602.67 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 I-1A 2,675,338.78 91,147,882.23 0.83256802 2,675,338.78 I-2A 9,631,447.99 189,264,086.07 0.77096769 9,631,447.99 I-M 0.00 8,357,500.00 1.00000000 0.00 II-1A 1,283,590.33 167,233,949.80 0.84467137 1,283,590.33 II-2A 3,111,839.87 265,949,090.95 0.83084166 3,111,839.87 II-3A 626,261.31 100,020,900.18 0.90322927 626,261.31 II-4A 66,124.39 80,977,347.30 0.83402698 66,124.39 II-M 0.00 17,471,000.00 1.00000000 0.00 B-IO 0.00 389.20 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 Totals 17,394,602.67 920,422,145.73 0.83167570 17,394,602.67
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-1A 109,478,000.00 857.00525229 0.00000000 24.43722739 0.00000000 I-2A 245,489,000.00 810.20141049 0.00000000 39.23372530 0.00000000 I-M 8,357,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-1A 197,987,000.00 851.15457141 0.00000000 6.48320511 0.00000000 II-2A 320,096,000.00 840.56323984 0.00000000 9.72158312 0.00000000 II-3A 110,737,000.00 908.88466809 0.00000000 5.65539350 0.00000000 II-4A 97,092,000.00 834.70802630 0.00000000 0.68104880 0.00000000 II-M 17,471,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 389.20 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 I-1A 0.00000000 24.43722739 832.56802490 0.83256802 24.43722739 I-2A 0.00000000 39.23372530 770.96768519 0.77096769 39.23372530 I-M 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-1A 0.00000000 6.48320511 844.67136630 0.84467137 6.48320511 II-2A 0.00000000 9.72158312 830.84165672 0.83084166 9.72158312 II-3A 0.00000000 5.65539350 903.22927459 0.90322927 5.65539350 II-4A 0.00000000 0.68104880 834.02697751 0.83402698 0.68104880 II-M 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 I-1A 109,478,000.00 2.45000% 93,823,221.01 191,555.74 0.00 0.00 I-2A 245,489,000.00 2.63000% 198,895,534.06 435,912.71 0.00 0.00 I-M 8,357,500.00 2.76000% 8,357,500.00 19,222.25 0.00 0.00 II-1A 197,987,000.00 2.66116% 168,517,540.13 373,710.86 0.00 0.00 II-2A 320,096,000.00 3.34289% 269,060,930.82 749,534.20 0.00 0.00 II-3A 110,737,000.00 3.69486% 100,647,161.49 309,897.29 0.00 0.00 II-4A 97,092,000.00 4.23325% 81,043,471.69 285,897.51 0.00 0.00 II-M 17,471,000.00 4.16403% 17,471,000.00 60,624.86 0.00 0.00 B-IO 389.20 0.00000% 940,583,128.92 0.00 0.00 0.00 R-1 50.00 0.00000% 0.00 0.00 0.00 0.00 R-2 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,106,707,989.20 2,426,355.42 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 I-1A 0.00 0.00 191,555.74 0.00 91,147,882.23 I-2A 0.00 0.00 435,912.71 0.00 189,264,086.07 I-M 0.00 0.00 19,222.25 0.00 8,357,500.00 II-1A 0.00 0.00 373,710.86 0.00 167,233,949.80 II-2A 0.00 0.00 749,534.20 0.00 265,949,090.95 II-3A 0.00 0.00 309,897.29 0.00 100,020,900.18 II-4A 0.00 0.00 285,897.51 0.00 80,977,347.30 II-M 0.00 0.00 60,624.86 0.00 17,471,000.00 B-IO 0.00 0.00 860,789.94 0.00 923,188,526.25 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 3,287,145.36 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 I-1A 109,478,000.00 2.45000% 857.00525229 1.74971903 0.00000000 0.00000000 I-2A 245,489,000.00 2.63000% 810.20141049 1.77569142 0.00000000 0.00000000 I-M 8,357,500.00 2.76000% 1000.00000000 2.30000000 0.00000000 0.00000000 II-1A 197,987,000.00 2.66116% 851.15457141 1.88755252 0.00000000 0.00000000 II-2A 320,096,000.00 3.34289% 840.56323984 2.34159190 0.00000000 0.00000000 II-3A 110,737,000.00 3.69486% 908.88466809 2.79849815 0.00000000 0.00000000 II-4A 97,092,000.00 4.23325% 834.70802630 2.94460419 0.00000000 0.00000000 II-M 17,471,000.00 4.16403% 1000.00000000 3.47002805 0.00000000 0.00000000 B-IO 389.20 0.00000% 416708964.33710000 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% 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 I-1A 0.00000000 0.00000000 1.74971903 0.00000000 832.56802490 I-2A 0.00000000 0.00000000 1.77569142 0.00000000 770.96768519 I-M 0.00000000 0.00000000 2.30000000 0.00000000 1000.00000000 II-1A 0.00000000 0.00000000 1.88755252 0.00000000 844.67136630 II-2A 0.00000000 0.00000000 2.34159190 0.00000000 830.84165672 II-3A 0.00000000 0.00000000 2.79849815 0.00000000 903.22927459 II-4A 0.00000000 0.00000000 2.94460419 0.00000000 834.02697751 II-M 0.00000000 0.00000000 3.47002805 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 2211690.49331963 0.00000000 372015740.62179000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 20,912,611.43 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 33,260.03 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 20,945,871.46 Withdrawals Reimbursement for Servicer Advances 39,146.72 Payment of Service Fee 224,976.71 Payment of Interest and Principal 20,681,748.03 Total Withdrawals (Pool Distribution Amount) 20,945,871.46 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 212,749.07 Master Servicing Fee - Well Fargo 11,757.29 Trustee Fee - Deutsche Bank 470.35 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 224,976.71
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 12 0 0 0 12 5,232,237.92 0.00 0.00 0.00 5,232,237.92 60 Days 1 0 0 0 1 2,739,893.89 0.00 0.00 0.00 2,739,893.89 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 13 0 0 0 13 7,972,131.81 0.00 0.00 0.00 7,972,131.81 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 0.589102% 0.000000% 0.000000% 0.000000% 0.589102% 0.566676% 0.000000% 0.000000% 0.000000% 0.566676% 60 Days 0.049092% 0.000000% 0.000000% 0.000000% 0.049092% 0.296743% 0.000000% 0.000000% 0.000000% 0.296743% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.638193% 0.000000% 0.000000% 0.000000% 0.638193% 0.863419% 0.000000% 0.000000% 0.000000% 0.863419%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I-1 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 2 0 0 0 2 1,119,500.00 0.00 0.00 0.00 1,119,500.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 2 0 0 0 2 1,119,500.00 0.00 0.00 0.00 1,119,500.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.092896% 0.000000% 0.000000% 0.000000% 1.092896% 1.193629% 0.000000% 0.000000% 0.000000% 1.193629% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 1.092896% 0.000000% 0.000000% 0.000000% 1.092896% 1.193629% 0.000000% 0.000000% 0.000000% 1.193629% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I-2 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 2 0 0 0 2 423,113.00 0.00 0.00 0.00 423,113.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 2 0 0 0 2 423,113.00 0.00 0.00 0.00 423,113.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.458716% 0.000000% 0.000000% 0.000000% 0.458716% 0.215989% 0.000000% 0.000000% 0.000000% 0.215989% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.458716% 0.000000% 0.000000% 0.000000% 0.458716% 0.215989% 0.000000% 0.000000% 0.000000% 0.215989% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II-1, 3 Yr Hbr 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II-2, 5 Yr Hbr 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 4 0 0 0 4 2,090,064.34 0.00 0.00 0.00 2,090,064.34 60 Days 1 0 0 0 1 2,739,893.89 0.00 0.00 0.00 2,739,893.89 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 5 0 0 0 5 4,829,958.23 0.00 0.00 0.00 4,829,958.23 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.620155% 0.000000% 0.000000% 0.000000% 0.620155% 0.760849% 0.000000% 0.000000% 0.000000% 0.760849% 60 Days 0.155039% 0.000000% 0.000000% 0.000000% 0.155039% 0.997407% 0.000000% 0.000000% 0.000000% 0.997407% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.775194% 0.000000% 0.000000% 0.000000% 0.775194% 1.758256% 0.000000% 0.000000% 0.000000% 1.758256% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II-3, 7 Yr Hbr 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 4 0 0 0 4 1,599,560.58 0.00 0.00 0.00 1,599,560.58 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 4 0 0 0 4 1,599,560.58 0.00 0.00 0.00 1,599,560.58 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.970443% 0.000000% 0.000000% 0.000000% 1.970443% 1.555232% 0.000000% 0.000000% 0.000000% 1.555232% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 1.970443% 0.000000% 0.000000% 0.000000% 1.970443% 1.555232% 0.000000% 0.000000% 0.000000% 1.555232% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II-4,10 Yr Hbr 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 33,260.03
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.480952% Weighted Average Net Coupon 4.209526% Weighted Average Pass-Through Rate 4.193754% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 2,071 Number Of Loans Paid In Full 34 Ending Scheduled Collateral Loan Count 2,037 Beginning Scheduled Collateral Balance 940,583,128.92 Ending Scheduled Collateral Balance 923,188,526.25 Ending Actual Collateral Balance at 30-Nov-2004 923,320,804.82 Monthly P &I Constant 3,683,548.19 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 923,188,526.25 Scheduled Principal 171,291.38 Unscheduled Principal 17,223,311.29
Miscellaneous Reporting 3 Month Rolling Delinquency Grp I 0.00 Excess Cashflow Group I 222,334.78 Overcollateralization Amount Group I 908,311.49 Overcollateralization Deficiency Grp I 0.00 Overcollateralized Reduction Amt Grp I 0.00 Target Overcollateralized Amount Grp I 908,311.49 3 Month Rolling Delinquency Grp II 909,883.72 Excess Cashflow Group II 638,455.17 Overcollateralization Amount Group II 1,858,458.24 Overcollateralization Deficiency Grp II 0.00 Overcollateralized Reduction Amt Grp II 0.00 Target Overcollateralized Amount Grp II 1,858,458.24
Group Level Collateral Statement Group Grp I-1 Grp I-2 Grp II-1, 3 Yr Hbr Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.829164 3.714981 4.238262 Weighted Average Net Rate 3.553824 3.428978 3.981765 Weighted Average Maturity 351 351 351 Beginning Loan Count 189 453 443 Loans Paid In Full 6 17 2 Ending Loan Count 183 436 441 Beginning Scheduled Balance 96,462,730.05 205,521,836.50 173,791,785.49 Ending scheduled Balance 93,787,391.27 195,890,388.51 172,508,195.16 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 310,580.24 643,367.07 649,284.61 Scheduled Principal 2,770.55 7,109.05 35,472.05 Unscheduled Principal 2,672,568.23 9,624,338.94 1,248,118.28 Scheduled Interest 307,809.69 636,258.02 613,812.56 Servicing Fees 22,133.36 48,983.08 37,147.48 Master Servicing Fees 1,205.78 2,569.04 2,172.39 Trustee Fee 48.23 102.79 86.90 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 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 284,422.32 584,603.11 574,405.79 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 3.538224 3.413378 3.966165
Group Level Collateral Statement Group Grp II-2, 5 Yr Hbr Grp II-3, 7 Yr Hbr Grp II-4,10 Yr Hbr Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.884329 5.153656 5.447847 Weighted Average Net Rate 4.624072 4.842456 5.197847 Weighted Average Maturity 350 347 349 Beginning Loan Count 652 205 129 Loans Paid In Full 7 2 0 Ending Loan Count 645 203 129 Beginning Scheduled Balance 277,733,215.79 103,459,295.77 83,614,265.32 Ending scheduled Balance 274,621,375.92 102,833,034.46 83,548,140.93 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,225,407.34 465,727.49 389,181.44 Scheduled Principal 94,956.95 21,399.43 9,583.35 Unscheduled Principal 3,016,882.92 604,861.88 56,541.04 Scheduled Interest 1,130,450.39 444,328.06 379,598.09 Servicing Fees 60,235.00 26,830.51 17,419.64 Master Servicing Fees 3,471.66 1,293.24 1,045.18 Trustee Fee 138.87 51.74 41.82 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 134.82 0.00 0.00 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 1,066,470.04 416,152.57 361,091.45 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 4.607890 4.826856 5.182247
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 4.480952 Weighted Average Net Rate 4.209526 Weighted Average Maturity 351.00 Record Date 11/30/2004 Principal And Interest Constant 3,683,548.19 Beginning Loan Count 2,071 Loans Paid In Full 34 Ending Loan Count 2,037 Beginning Scheduled Balance 940,583,128.92 Ending Scheduled Balance 923,188,526.25 Scheduled Principal 171,291.38 Unscheduled Principal 17,223,311.29 Scheduled Interest 3,512,256.81 Servicing Fee 212,749.07 Master Servicing Fee 11,757.29 Trustee Fee 470.35 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 134.82 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,287,145.28 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 4.193754
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