-----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, CdPgknne9+lnTJUvx+QSiGYnSrod2ec1U0LKj1beOCoJa1Mp/z58m7ICLWtHP0So 0TaEWi/iTzh6lmAOgY+EEA== 0001056404-04-002900.txt : 20040903 0001056404-04-002900.hdr.sgml : 20040903 20040903115330 ACCESSION NUMBER: 0001056404-04-002900 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: 20040903 DATE AS OF CHANGE: 20040903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO HOME EQUITY TRUST MORT PASS THRU CERT SER 2004-1 CENTRAL INDEX KEY: 0001285874 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: 333-106925-30 FILM NUMBER: 041015750 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 FORMER COMPANY: FORMER CONFORMED NAME: STRUCTURED ASSET SEC CORP MORT PASS THRU CERT SER 2004-1 DATE OF NAME CHANGE: 20040401 8-K 1 wfh04001.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 WELLS FARGO HOME EQUITY TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106925-30 54-2150460 Pooling and Servicing Agreement) (Commission 54-2150461 (State or other File Number) 54-2150462 jurisdiction 54-2150463 of Incorporation) 54-2150464 54-2150465 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 August 25, 2004 a distribution was made to holders of WELLS FARGO HOME EQUITY 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 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. WELLS FARGO HOME EQUITY TRUST Mortgage Pass-Through Certificates, Series 2004-1 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: 9/1/2004 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 August 25, 2004 distribution. EX-99.1
Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates Record Date: 7/31/2004 Distribution Date: 8/25/2004 WFHET Series: 2004-1 Contact: Customer Service - SecuritiesLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A 86359BMW8 SEN 1.75000% 816,523,026.84 1,190,762.75 20,624,147.33 2-A1 86359BMX6 SEN 1.75000% 270,527,039.61 394,518.60 7,596,937.71 2-A2 86359BMY4 SEN 1.69000% 25,150,696.03 35,420.56 706,281.60 A-IO 86359BMZ1 SEN_IO 6.00000% 0.00 1,813,280.00 0.00 A-SIO 86359BNA5 SEN_IO 0.00000% 0.00 0.00 0.00 A3 86359BNB3 SEN_SUB 1.82000% 14,103,000.00 21,389.55 0.00 M1 86359BND9 SUB 1.95000% 51,712,000.00 84,032.00 0.00 M2 86359BNE7 SUB 2.08000% 23,505,000.00 40,742.00 0.00 M3 86359BNF4 SUB 2.40000% 33,579,000.00 67,158.00 0.00 M4 86359BNG2 SUB 2.60000% 16,790,000.00 36,378.33 0.00 M5 86359BNH0 SUB 3.15000% 13,432,000.00 35,259.00 0.00 M6 86359BNJ6 SUB 3.85000% 13,432,000.00 43,094.33 0.00 B 86359BNK3 SUB 3.95000% 4,030,000.00 13,265.42 0.00 X1 WFH0401X1 SUB 0.00000% 4,028,295.74 3,930,599.19 0.00 X2 WFH0401X2 SUB 0.00000% 0.00 0.00 0.00 P WFH04001P PP Prem 0.00000% 100.00 519,248.04 0.00 R-I WFH0401R1 RES 0.00000% 0.00 0.00 0.00 R-II WFH0401R2 RES 0.00000% 0.00 0.00 0.00 R-III WFH0401R3 RES 0.00000% 0.00 0.00 0.00 R-IV WFH0401R4 RES 0.00000% 0.00 0.00 0.00 R-V WFH0401R5 RES 0.00000% 0.00 0.00 0.00 R-VI WFH0401R6 RES 0.00000% 0.00 0.00 0.00 Totals 1,286,812,158.22 8,225,147.77 28,927,366.64
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A 0.00 795,898,879.51 21,814,910.08 0.00 2-A1 0.00 262,930,101.90 7,991,456.31 0.00 2-A2 0.00 24,444,414.43 741,702.16 0.00 A-IO 0.00 0.00 1,813,280.00 0.00 A-SIO 0.00 0.00 0.00 0.00 A3 0.00 14,103,000.00 21,389.55 0.00 M1 0.00 51,712,000.00 84,032.00 0.00 M2 0.00 23,505,000.00 40,742.00 0.00 M3 0.00 33,579,000.00 67,158.00 0.00 M4 0.00 16,790,000.00 36,378.33 0.00 M5 0.00 13,432,000.00 35,259.00 0.00 M6 0.00 13,432,000.00 43,094.33 0.00 B 0.00 4,030,000.00 13,265.42 0.00 X1 0.00 4,028,295.74 3,930,599.19 0.00 X2 0.00 0.00 0.00 0.00 P 0.00 100.00 519,248.04 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 R-V 0.00 0.00 0.00 0.00 R-VI 0.00 0.00 0.00 0.00 Totals 0.00 1,257,884,791.58 37,152,514.41 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) 1-A 852,750,000.00 816,523,026.84 0.00 20,624,147.33 0.00 0.00 2-A1 288,945,000.00 270,527,039.61 0.00 7,596,937.71 0.00 0.00 2-A2 26,863,000.00 25,150,696.03 0.00 706,281.60 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 A-SIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 51,712,000.00 51,712,000.00 0.00 0.00 0.00 0.00 M2 23,505,000.00 23,505,000.00 0.00 0.00 0.00 0.00 M3 33,579,000.00 33,579,000.00 0.00 0.00 0.00 0.00 M4 16,790,000.00 16,790,000.00 0.00 0.00 0.00 0.00 M5 13,432,000.00 13,432,000.00 0.00 0.00 0.00 0.00 M6 13,432,000.00 13,432,000.00 0.00 0.00 0.00 0.00 B 4,030,000.00 4,030,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 0.00 0.00 R-V 0.00 0.00 0.00 0.00 0.00 0.00 R-VI 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,325,038,100.00 1,268,680,862.48 0.00 28,927,366.64 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 1-A 20,624,147.33 795,898,879.51 0.93333202 20,624,147.33 2-A1 7,596,937.71 262,930,101.90 0.90996592 7,596,937.71 2-A2 706,281.60 24,444,414.43 0.90996592 706,281.60 A-IO 0.00 0.00 0.00000000 0.00 A-SIO 0.00 0.00 0.00000000 0.00 M1 0.00 51,712,000.00 1.00000000 0.00 M2 0.00 23,505,000.00 1.00000000 0.00 M3 0.00 33,579,000.00 1.00000000 0.00 M4 0.00 16,790,000.00 1.00000000 0.00 M5 0.00 13,432,000.00 1.00000000 0.00 M6 0.00 13,432,000.00 1.00000000 0.00 B 0.00 4,030,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-IV 0.00 0.00 0.00000000 0.00 R-V 0.00 0.00 0.00000000 0.00 R-VI 0.00 0.00 0.00000000 0.00 Totals 28,927,366.64 1,239,753,495.84 0.93563611 28,927,366.64
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A 852,750,000.00 957.51747504 0.00000000 24.18545568 0.00000000 2-A1 288,945,000.00 936.25790240 0.00000000 26.29198536 0.00000000 2-A2 26,863,000.00 936.25790232 0.00000000 26.29198526 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-SIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A3 14,103,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 51,712,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 23,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 33,579,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 16,790,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 13,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 13,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 4,030,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X1 4,028,295.74 1.00000000 0.00000000 0.00000000 0.00000000 X2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-V 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-VI 0.00 0.00000000 0.00000000 0.00000000 0.00000000 Per $1,000 denomination. Class X1 per $1 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A 0.00000000 24.18545568 933.33201936 0.93333202 24.18545568 2-A1 0.00000000 26.29198536 909.96591704 0.90996592 26.29198536 2-A2 0.00000000 26.29198526 909.96591706 0.90996592 26.29198526 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A3 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 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X1 0.00000000 0.00000000 1.00000000 1.00000000 0.00000000 X2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-V 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-VI 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 1-A 852,750,000.00 1.75000% 816,523,026.84 1,190,762.75 0.00 0.00 2-A1 288,945,000.00 1.75000% 270,527,039.61 394,518.60 0.00 0.00 2-A2 26,863,000.00 1.69000% 25,150,696.03 35,420.56 0.00 0.00 A-IO 0.00 6.00000% 362,656,000.00 1,813,280.00 0.00 0.00 A-SIO 0.00 0.00000% 1,282,783,763.22 0.00 0.00 0.00 A3 14,103,000.00 1.82000% 14,103,000.00 21,389.55 0.00 0.00 M1 51,712,000.00 1.95000% 51,712,000.00 84,032.00 0.00 0.00 M2 23,505,000.00 2.08000% 23,505,000.00 40,742.00 0.00 0.00 M3 33,579,000.00 2.40000% 33,579,000.00 67,158.00 0.00 0.00 M4 16,790,000.00 2.60000% 16,790,000.00 36,378.33 0.00 0.00 M5 13,432,000.00 3.15000% 13,432,000.00 35,259.00 0.00 0.00 M6 13,432,000.00 3.85000% 13,432,000.00 43,094.33 0.00 0.00 B 4,030,000.00 3.95000% 4,030,000.00 13,265.42 0.00 0.00 X1 4,028,295.74 0.00000% 4,028,295.74 0.00 0.00 0.00 X2 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 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 R-III 0.00 0.00000% 0.00 0.00 0.00 0.00 R-IV 0.00 0.00000% 0.00 0.00 0.00 0.00 R-V 0.00 0.00000% 0.00 0.00 0.00 0.00 R-VI 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,343,169,395.74 3,775,300.54 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 1-A 0.00 0.00 1,190,762.75 0.00 795,898,879.51 2-A1 0.00 0.00 394,518.60 0.00 262,930,101.90 2-A2 0.00 0.00 35,420.56 0.00 24,444,414.43 A-IO 0.00 0.00 1,813,280.00 0.00 362,656,000.00 A-SIO 0.00 0.00 0.00 0.00 1,253,856,396.58 A3 0.00 0.00 21,389.55 0.00 14,103,000.00 M1 0.00 0.00 84,032.00 0.00 51,712,000.00 M2 0.00 0.00 40,742.00 0.00 23,505,000.00 M3 0.00 0.00 67,158.00 0.00 33,579,000.00 M4 0.00 0.00 36,378.33 0.00 16,790,000.00 M5 0.00 0.00 35,259.00 0.00 13,432,000.00 M6 0.00 0.00 43,094.33 0.00 13,432,000.00 B 0.00 0.00 13,265.42 0.00 4,030,000.00 X1 0.00 0.00 3,930,599.19 0.00 4,028,295.74 X2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 519,248.04 0.00 100.00 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 0.00 R-V 0.00 0.00 0.00 0.00 0.00 R-VI 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 8,225,147.77 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 1-A 852,750,000.00 1.75000% 957.51747504 1.39637965 0.00000000 0.00000000 2-A1 288,945,000.00 1.75000% 936.25790240 1.36537611 0.00000000 0.00000000 2-A2 26,863,000.00 1.69000% 936.25790232 1.31856308 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 A-SIO 0.00 0.00000% 957.91538196 0.00000000 0.00000000 0.00000000 A3 14,103,000.00 1.82000% 1000.00000000 1.51666667 0.00000000 0.00000000 M1 51,712,000.00 1.95000% 1000.00000000 1.62500000 0.00000000 0.00000000 M2 23,505,000.00 2.08000% 1000.00000000 1.73333333 0.00000000 0.00000000 M3 33,579,000.00 2.40000% 1000.00000000 2.00000000 0.00000000 0.00000000 M4 16,790,000.00 2.60000% 1000.00000000 2.16666647 0.00000000 0.00000000 M5 13,432,000.00 3.15000% 1000.00000000 2.62500000 0.00000000 0.00000000 M6 13,432,000.00 3.85000% 1000.00000000 3.20833309 0.00000000 0.00000000 B 4,030,000.00 3.95000% 1000.00000000 3.29166749 0.00000000 0.00000000 X1 4,028,295.74 0.00000% 1.00000000 0.00000000 0.00000000 0.00000000 X2 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 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-V 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-VI 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 Per $1,000 denomination. Class X1 per $1 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 1-A 0.00000000 0.00000000 1.39637965 0.00000000 933.33201936 2-A1 0.00000000 0.00000000 1.36537611 0.00000000 909.96591704 2-A2 0.00000000 0.00000000 1.31856308 0.00000000 909.96591706 A-IO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 936.31394744 A3 0.00000000 0.00000000 1.51666667 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.62500000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 1.73333333 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.00000000 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.16666647 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.62500000 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.20833309 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.29166749 0.00000000 1000.00000000 X1 0.00000000 0.00000000 0.97574742 0.00000000 1.00000000 X2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 5192480.40000000 0.00000000 1000.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-V 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-VI 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 36,751,740.81 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 134,281.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 36,886,021.81 Withdrawals Reimbursement for Servicer Advances 90,273.32 Payment of Service Fee 16,085.15 Payment of Interest and Principal 36,779,663.34 Total Withdrawals (Pool Distribution Amount) 36,886,021.81 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 0.00 Credit Risk Manager's Fee 16,085.15 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 16,085.15
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Initial Basis Risk Reserve Fund 1,000.00 372,851.08 372,851.08 1,000.00 Supplementary Basis Risk Reserve 0.00 0.00 0.00 0.00 Initial Cap Agreement 0.00 372,851.08 0.00 0.00 Supplementary Cap Agreement 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 15 0 0 15 1,914,307.06 0.00 0.00 1,914,307.06 30 Days 69 3 0 0 72 9,276,913.56 188,160.26 0.00 0.00 9,465,073.82 60 Days 12 3 28 0 43 1,447,833.21 205,684.23 3,138,670.53 0.00 4,792,187.97 90 Days 0 3 23 0 26 0.00 502,121.38 2,341,095.95 0.00 2,843,217.33 120 Days 0 0 9 0 9 0.00 0.00 1,421,439.28 0.00 1,421,439.28 150 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 81 24 60 0 165 10,724,746.77 2,810,272.93 6,901,205.76 0.00 20,436,225.46 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 0.161117% 0.000000% 0.000000% 0.161117% 0.152061% 0.000000% 0.000000% 0.152061% 30 Days 0.741139% 0.032223% 0.000000% 0.000000% 0.773362% 0.736901% 0.014946% 0.000000% 0.000000% 0.751847% 60 Days 0.128894% 0.032223% 0.300752% 0.000000% 0.461869% 0.115007% 0.016338% 0.249317% 0.000000% 0.380662% 90 Days 0.000000% 0.032223% 0.247046% 0.000000% 0.279270% 0.000000% 0.039885% 0.185962% 0.000000% 0.225848% 120 Days 0.000000% 0.000000% 0.096670% 0.000000% 0.096670% 0.000000% 0.000000% 0.112910% 0.000000% 0.112910% 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 0.870032% 0.257787% 0.644468% 0.000000% 1.772288% 0.851908% 0.223231% 0.548189% 0.000000% 1.623328%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool 1- Fixed 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 4 0 0 4 346,386.39 0.00 0.00 346,386.39 30 Days 4 0 0 0 4 272,929.43 0.00 0.00 0.00 272,929.43 60 Days 0 1 3 0 4 0.00 57,759.33 218,620.11 0.00 276,379.44 90 Days 0 0 2 0 2 0.00 0.00 140,702.12 0.00 140,702.12 120 Days 0 0 1 0 1 0.00 0.00 212,000.00 0.00 212,000.00 150 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 5 6 0 15 272,929.43 404,145.72 571,322.23 0.00 1,248,397.38 0-29 Days 0.169205% 0.000000% 0.000000% 0.169205% 0.119935% 0.000000% 0.000000% 0.119935% 30 Days 0.169205% 0.000000% 0.000000% 0.000000% 0.169205% 0.094501% 0.000000% 0.000000% 0.000000% 0.094501% 60 Days 0.000000% 0.042301% 0.126904% 0.000000% 0.169205% 0.000000% 0.019999% 0.075696% 0.000000% 0.095695% 90 Days 0.000000% 0.000000% 0.084602% 0.000000% 0.084602% 0.000000% 0.000000% 0.048718% 0.000000% 0.048718% 120 Days 0.000000% 0.000000% 0.042301% 0.000000% 0.042301% 0.000000% 0.000000% 0.073404% 0.000000% 0.073404% 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 0.169205% 0.211506% 0.253807% 0.000000% 0.634518% 0.094501% 0.139934% 0.197818% 0.000000% 0.432253% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool 1 - ARM 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 9 0 0 9 1,133,390.31 0.00 0.00 1,133,390.31 30 Days 47 3 0 0 50 6,253,608.83 188,160.26 0.00 0.00 6,441,769.09 60 Days 9 2 17 0 28 863,029.53 147,924.90 1,715,747.81 0.00 2,726,702.24 90 Days 0 3 14 0 17 0.00 502,121.38 1,390,514.21 0.00 1,892,635.59 120 Days 0 0 4 0 4 0.00 0.00 596,536.30 0.00 596,536.30 150 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 56 17 35 0 108 7,116,638.36 1,971,596.85 3,702,798.32 0.00 12,791,033.53 0-29 Days 0.185071% 0.000000% 0.000000% 0.185071% 0.178413% 0.000000% 0.000000% 0.178413% 30 Days 0.966482% 0.061690% 0.000000% 0.000000% 1.028172% 0.984412% 0.029619% 0.000000% 0.000000% 1.014031% 60 Days 0.185071% 0.041127% 0.349578% 0.000000% 0.575776% 0.135854% 0.023286% 0.270084% 0.000000% 0.429224% 90 Days 0.000000% 0.061690% 0.287888% 0.000000% 0.349578% 0.000000% 0.079041% 0.218888% 0.000000% 0.297929% 120 Days 0.000000% 0.000000% 0.082254% 0.000000% 0.082254% 0.000000% 0.000000% 0.093904% 0.000000% 0.093904% 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 1.151553% 0.349578% 0.719720% 0.000000% 2.220851% 1.120265% 0.310359% 0.582876% 0.000000% 2.013500% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool 2 - Fixed 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 3 0 0 0 3 181,693.13 0.00 0.00 0.00 181,693.13 60 Days 0 0 1 0 1 0.00 0.00 54,948.47 0.00 54,948.47 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 3 0 1 0 4 181,693.13 0.00 54,948.47 0.00 236,641.60 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.429799% 0.000000% 0.000000% 0.000000% 0.429799% 0.172155% 0.000000% 0.000000% 0.000000% 0.172155% 60 Days 0.000000% 0.000000% 0.143266% 0.000000% 0.143266% 0.000000% 0.000000% 0.052064% 0.000000% 0.052064% 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 0.429799% 0.000000% 0.143266% 0.000000% 0.573066% 0.172155% 0.000000% 0.052064% 0.000000% 0.224219% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool 2 - ARM 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 2 0 0 2 434,530.36 0.00 0.00 434,530.36 30 Days 15 0 0 0 15 2,568,682.17 0.00 0.00 0.00 2,568,682.17 60 Days 3 0 7 0 10 584,803.68 0.00 1,149,354.14 0.00 1,734,157.82 90 Days 0 0 7 0 7 0.00 0.00 809,879.62 0.00 809,879.62 120 Days 0 0 4 0 4 0.00 0.00 612,902.98 0.00 612,902.98 150 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 18 2 18 0 38 3,153,485.85 434,530.36 2,572,136.74 0.00 6,160,152.95 0-29 Days 0.144404% 0.000000% 0.000000% 0.144404% 0.189509% 0.000000% 0.000000% 0.189509% 30 Days 1.083032% 0.000000% 0.000000% 0.000000% 1.083032% 1.120263% 0.000000% 0.000000% 0.000000% 1.120263% 60 Days 0.216606% 0.000000% 0.505415% 0.000000% 0.722022% 0.255047% 0.000000% 0.501261% 0.000000% 0.756307% 90 Days 0.000000% 0.000000% 0.505415% 0.000000% 0.505415% 0.000000% 0.000000% 0.353208% 0.000000% 0.353208% 120 Days 0.000000% 0.000000% 0.288809% 0.000000% 0.288809% 0.000000% 0.000000% 0.267301% 0.000000% 0.267301% 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 1.299639% 0.144404% 1.299639% 0.000000% 2.743682% 1.375310% 0.189509% 1.121770% 0.000000% 2.686588%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 134,281.00
COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 0.000000% Weighted Average Net Coupon 6.853440% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity(Stepdown Calculation ) 337 Beginning Scheduled Collateral Loan Count 9,475 Number Of Loans Paid In Full 165 Ending Scheduled Collateral Loan Count 9,310 Beginning Scheduled Collateral Balance 1,286,812,158.22 Ending Scheduled Collateral Balance 1,257,884,791.58 Ending Actual Collateral Balance at 31-Jul-2004 1,258,908,825.77 Monthly P &I Constant 9,067,885.44 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 1,257,884,791.58 Scheduled Principal 1,182,472.21 Unscheduled Principal 27,744,894.43 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 4,028,395.74 Overcollateralized Amount 4,028,395.74 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 3,557,855.80
Miscellaneous Reporting LIBOR Rate 1.090000% Initial Cap Payment 372,851.08 Supplementary Cap Payment 0.00
Group Level Collateral Statement Group Pool 1- Fixed Pool 1 - ARM Pool 2 - Fixed Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.032703 7.498217 6.995144 Weighted Average Net Rate 6.532703 6.998217 6.495144 Weighted Average Maturity 327 353 335 Beginning Loan Count 2,389 4,964 705 Loans Paid In Full 25 101 7 Ending Loan Count 2,364 4,863 698 Beginning Scheduled Balance 292,482,461.80 651,462,578.70 106,440,418.90 Ending scheduled Balance 288,525,645.25 634,795,247.92 105,444,334.43 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 2,071,282.94 4,588,395.27 739,707.74 Scheduled Principal 357,164.44 517,722.01 119,236.06 Unscheduled Principal 3,599,652.11 16,149,608.77 876,848.41 Scheduled Interest 1,714,118.50 4,070,673.26 620,471.68 Servicing Fees 121,867.69 271,442.76 44,350.17 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 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 1,592,250.81 3,799,230.50 576,121.51 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
Group Level Collateral Statement Group Pool 2 - ARM Total Collateral Description Mixed ARM Mixed & ARM & Balloon Weighted Average Coupon Rate 7.512602 0.000000 Weighted Average Net Rate 7.012602 6.853440 Weighted Average Maturity 353 337 Beginning Loan Count 1,417 9,475 Loans Paid In Full 32 165 Ending Loan Count 1,385 9,310 Beginning Scheduled Balance 236,426,698.82 1,286,812,158.22 Ending scheduled Balance 229,119,563.98 1,257,884,791.58 Record Date 07/31/2004 07/31/2004 Principal And Interest Constant 1,668,499.49 9,067,885.44 Scheduled Principal 188,349.70 1,182,472.21 Unscheduled Principal 7,118,785.14 27,744,894.43 Scheduled Interest 1,480,149.79 7,885,413.23 Servicing Fees 98,511.14 536,171.76 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 1,381,638.65 7,349,241.47 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00
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