-----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, HBQhM8V2UXvhGc2QE9xO36OSZFIHga0bgwr0Zim7xJiaFZSofc3jggepx4g2umZ9 jNpzoZZGBe6BK8jMRkKtgg== 0001056404-04-004132.txt : 20041202 0001056404-04-004132.hdr.sgml : 20041202 20041202110121 ACCESSION NUMBER: 0001056404-04-004132 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041129 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041202 DATE AS OF CHANGE: 20041202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BAYVIEW FINANCIAL SEC CO LLC MORT PAS THR CERTS SER 2004 A CENTRAL INDEX KEY: 0001287030 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-104181-04 FILM NUMBER: 041179297 BUSINESS ADDRESS: STREET 1: 4425 PONCE DE LEON BLVD 4TH FLOOR CITY: CORAL GABLES STATE: FL ZIP: 33134 8-K 1 bay0400a_nov.txt NOVEMBER 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): November 29, 2004 BAYVIEW FINANCIAL SECURITIES COMPANY, LLC. Mortgage Pass-Through Certificates, Series 2004-A Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104181-04 54-2151919 Pooling and Servicing Agreement) (Commission 54-2151920 (State or other File Number) 54-2151921 jurisdiction 54-2151922 of Incorporation) 54-2151923 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 November 29, 2004 a distribution was made to holders of BAYVIEW FINANCIAL SECURITIES COMPANY, LLC., Mortgage Pass-Through Certificates, Series 2004-A 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-A Trust, relating to the November 29, 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. BAYVIEW FINANCIAL SECURITIES COMPANY, LLC. Mortgage Pass-Through Certificates, Series 2004-A 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: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-A Trust, relating to the November 29, 2004 distribution. EX-99.1
Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Record Date: 10/30/2004 Distribution Date: 11/29/2004 BAY Series: 2004-A 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 R 073249CC6 SEN 0.00000% 0.00 0.00 0.00 A-IO 073249BS2 SEN 3.50000% 0.00 522,591.67 0.00 A 073249BT0 SEN 2.40875% 306,004,386.72 655,189.39 10,025,562.24 M1 073249BU7 MEZ 2.65875% 27,000,000.00 63,810.00 0.00 M2 073249BV5 MEZ 2.95875% 4,500,000.00 11,835.00 0.00 M3 073249BW3 MEZ 3.45875% 10,500,000.00 32,281.67 0.00 M4 073249BX1 MEZ 3.75875% 4,500,000.00 15,035.00 0.00 B1 073249BY9 JUN 4.70875% 4,125,000.00 17,265.42 0.00 B2 073249CD4 JUN 5.45875% 9,000,000.00 43,670.00 0.00 F 073249CA0 SEN 1.29125% 0.00 268,778.51 0.00 P 073249CB8 SEN 0.00000% 100.00 80,577.89 0.00 X 073249BZ6 SEN 0.00000% 0.00 171,321.66 0.00 Totals 365,629,486.72 1,882,356.21 10,025,562.24
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 522,591.67 0.00 A 0.00 295,978,824.48 10,680,751.63 0.00 M1 0.00 27,000,000.00 63,810.00 0.00 M2 0.00 4,500,000.00 11,835.00 0.00 M3 0.00 10,500,000.00 32,281.67 0.00 M4 0.00 4,500,000.00 15,035.00 0.00 B1 0.00 4,125,000.00 17,265.42 0.00 B2 0.00 9,000,000.00 43,670.00 0.00 F 0.00 0.00 268,778.51 0.00 P 0.00 100.00 80,577.89 0.00 X 0.00 0.00 171,321.66 0.00 Totals 0.00 355,603,924.48 11,907,918.45 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) R 0.00 0.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 A 389,250,000.00 306,004,386.72 753,894.75 9,271,667.49 0.00 0.00 M1 27,000,000.00 27,000,000.00 0.00 0.00 0.00 0.00 M2 4,500,000.00 4,500,000.00 0.00 0.00 0.00 0.00 M3 10,500,000.00 10,500,000.00 0.00 0.00 0.00 0.00 M4 4,500,000.00 4,500,000.00 0.00 0.00 0.00 0.00 B1 4,125,000.00 4,125,000.00 0.00 0.00 0.00 0.00 B2 9,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00 F 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 448,875,100.00 365,629,486.72 753,894.75 9,271,667.49 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 R 0.00 0.00 0.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 A 10,025,562.24 295,978,824.48 0.76038234 10,025,562.24 M1 0.00 27,000,000.00 1.00000000 0.00 M2 0.00 4,500,000.00 1.00000000 0.00 M3 0.00 10,500,000.00 1.00000000 0.00 M4 0.00 4,500,000.00 1.00000000 0.00 B1 0.00 4,125,000.00 1.00000000 0.00 B2 0.00 9,000,000.00 1.00000000 0.00 F 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 X 0.00 0.00 0.00000000 0.00 Totals 10,025,562.24 355,603,924.48 0.79221130 10,025,562.24
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A 389,250,000.00 786.13843730 1.93678805 23.81931276 0.00000000 M1 27,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 4,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 10,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 4,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 4,125,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 9,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 F 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A 0.00000000 25.75610081 760.38233649 0.76038234 25.75610081 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 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 F 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 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 R 0.00 0.00000% 0.00 0.00 0.00 0.00 A-IO 0.00 3.50000% 179,174,286.00 522,591.67 0.00 0.00 A 389,250,000.00 2.40875% 306,004,386.72 655,189.39 0.00 0.00 M1 27,000,000.00 2.65875% 27,000,000.00 63,810.00 0.00 0.00 M2 4,500,000.00 2.95875% 4,500,000.00 11,835.00 0.00 0.00 M3 10,500,000.00 3.45875% 10,500,000.00 32,281.67 0.00 0.00 M4 4,500,000.00 3.75875% 4,500,000.00 15,035.00 0.00 0.00 B1 4,125,000.00 4.70875% 4,125,000.00 17,265.42 0.00 0.00 B2 9,000,000.00 5.45875% 9,000,000.00 43,670.00 0.00 0.00 F 0.00 1.29125% 234,172,955.38 268,778.51 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 X 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 448,875,100.00 1,630,456.66 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 R 0.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 522,591.67 0.00 170,145,714.00 A 0.00 0.00 655,189.39 0.00 295,978,824.48 M1 0.00 0.00 63,810.00 0.00 27,000,000.00 M2 0.00 0.00 11,835.00 0.00 4,500,000.00 M3 0.00 0.00 32,281.67 0.00 10,500,000.00 M4 0.00 0.00 15,035.00 0.00 4,500,000.00 B1 0.00 0.00 17,265.42 0.00 4,125,000.00 B2 0.00 0.00 43,670.00 0.00 9,000,000.00 F 0.00 0.00 268,778.51 0.00 229,020,172.21 P 0.00 0.00 80,577.89 0.00 100.00 X 0.00 0.00 171,321.66 0.00 0.00 Totals 0.00 0.00 1,882,356.21 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 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 3.50000% 696.78889039 2.03230094 0.00000000 0.00000000 A 389,250,000.00 2.40875% 786.13843730 1.68320974 0.00000000 0.00000000 M1 27,000,000.00 2.65875% 1000.00000000 2.36333333 0.00000000 0.00000000 M2 4,500,000.00 2.95875% 1000.00000000 2.63000000 0.00000000 0.00000000 M3 10,500,000.00 3.45875% 1000.00000000 3.07444476 0.00000000 0.00000000 M4 4,500,000.00 3.75875% 1000.00000000 3.34111111 0.00000000 0.00000000 B1 4,125,000.00 4.70875% 1000.00000000 4.18555636 0.00000000 0.00000000 B2 9,000,000.00 5.45875% 1000.00000000 4.85222222 0.00000000 0.00000000 F 0.00 1.29125% 837.09699879 0.96080132 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00000000 0.00000000 2.03230094 0.00000000 661.67777703 A 0.00000000 0.00000000 1.68320974 0.00000000 760.38233649 M1 0.00000000 0.00000000 2.36333333 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.63000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.07444476 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.34111111 0.00000000 1000.00000000 B1 0.00000000 0.00000000 4.18555636 0.00000000 1000.00000000 B2 0.00000000 0.00000000 4.85222222 0.00000000 1000.00000000 F 0.00000000 0.00000000 0.96080132 0.00000000 818.67736823 P 0.00000000 0.00000000 805778.90000000 0.00000000 1000.00000000 X 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 12,032,306.59 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 344,639.48 Realized Loss (Gains, Subsequent Expenses & Recoveries) (80,891.39) Prepayment Penalties 80,577.89 Total Deposits 12,376,632.57 Withdrawals Reimbursement for Servicer Advances 294,069.58 Payment of Service Fee 174,644.54 Payment of Interest and Principal 11,907,918.45 Total Withdrawals (Pool Distribution Amount) 12,376,632.57 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 164,589.15 Custodian Fee 769.37 Indenture Trustee Fee 1,538.83 Master Servicing Fee 4,616.31 Radian Fees 3,130.88 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 174,644.54
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00
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 24 0 3 27 1,562,919.91 0.00 0.00 1,562,919.91 30 Days 281 7 0 0 288 18,188,400.83 729,902.73 0.00 0.00 18,918,303.56 60 Days 90 6 0 0 96 5,790,249.18 349,507.67 0.00 0.00 6,139,756.85 90 Days 30 2 15 0 47 2,022,665.45 112,945.07 1,213,325.88 0.00 3,348,936.40 120 Days 12 3 13 4 32 1,128,580.28 302,721.02 1,363,088.81 217,764.42 3,012,154.53 150 Days 8 3 13 4 28 732,609.19 163,800.24 884,242.76 214,939.70 1,995,591.89 180+ Days 23 4 22 12 61 2,579,295.07 337,211.08 1,953,243.70 713,158.38 5,582,908.23 Totals 444 49 63 23 579 30,441,800.00 3,559,007.72 5,413,901.15 1,145,862.50 40,560,571.37 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 0.569936% 0.000000% 0.071242% 0.641178% 0.433772% 0.000000% 0.000000% 0.433772% 30 Days 6.672999% 0.166231% 0.000000% 0.000000% 6.839231% 5.047998% 0.202577% 0.000000% 0.000000% 5.250574% 60 Days 2.137260% 0.142484% 0.000000% 0.000000% 2.279744% 1.607022% 0.097002% 0.000000% 0.000000% 1.704024% 90 Days 0.712420% 0.047495% 0.356210% 0.000000% 1.116124% 0.561369% 0.031347% 0.336746% 0.000000% 0.929462% 120 Days 0.284968% 0.071242% 0.308715% 0.094989% 0.759915% 0.313225% 0.084017% 0.378311% 0.060438% 0.835992% 150 Days 0.189979% 0.071242% 0.308715% 0.094989% 0.664925% 0.203328% 0.045461% 0.245412% 0.059654% 0.553855% 180+ Days 0.546189% 0.094989% 0.522441% 0.284968% 1.448587% 0.715856% 0.093589% 0.542102% 0.197930% 1.549477% Totals 10.543814% 1.163619% 1.496082% 0.546189% 13.749703% 8.448798% 0.987765% 1.502571% 0.318022% 11.257156%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 18 0 3 21 1,025,404.06 0.00 0.00 1,025,404.06 30 Days 221 6 0 0 227 12,615,339.81 560,571.78 0.00 0.00 13,175,911.59 60 Days 70 4 0 0 74 4,474,686.10 289,421.36 0.00 0.00 4,764,107.46 90 Days 18 1 12 0 31 847,162.76 58,758.78 936,320.20 0.00 1,842,241.74 120 Days 9 2 11 3 25 328,698.51 78,532.54 1,246,915.35 91,557.34 1,745,703.74 150 Days 5 3 11 4 23 433,964.21 163,800.24 748,186.38 214,939.70 1,560,890.53 180 Days 11 3 21 10 45 923,807.25 142,437.28 1,860,993.70 515,447.06 3,442,685.29 Totals 334 37 55 20 446 19,623,658.64 2,318,926.04 4,792,415.63 821,944.10 27,556,944.41 0-29 Days 0.552995% 0.000000% 0.092166% 0.645161% 0.446639% 0.000000% 0.000000% 0.446639% 30 Days 6.789555% 0.184332% 0.000000% 0.000000% 6.973886% 5.494915% 0.244171% 0.000000% 0.000000% 5.739085% 60 Days 2.150538% 0.122888% 0.000000% 0.000000% 2.273425% 1.949057% 0.126064% 0.000000% 0.000000% 2.075122% 90 Days 0.552995% 0.030722% 0.368664% 0.000000% 0.952381% 0.369002% 0.025594% 0.407837% 0.000000% 0.802433% 120 Days 0.276498% 0.061444% 0.337942% 0.092166% 0.768049% 0.143173% 0.034207% 0.543124% 0.039880% 0.760383% 150 Days 0.153610% 0.092166% 0.337942% 0.122888% 0.706605% 0.189024% 0.071347% 0.325891% 0.093622% 0.679883% 180 Days 0.337942% 0.092166% 0.645161% 0.307220% 1.382488% 0.402386% 0.062042% 0.810601% 0.224515% 1.499544% Totals 10.261137% 1.136713% 1.689708% 0.614439% 13.701997% 8.547557% 1.010064% 2.087452% 0.358018% 12.003090% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 6 0 0 6 537,515.85 0.00 0.00 537,515.85 30 Days 60 1 0 0 61 5,573,061.02 169,330.95 0.00 0.00 5,742,391.97 60 Days 20 2 0 0 22 1,315,563.08 60,086.31 0.00 0.00 1,375,649.39 90 Days 12 1 3 0 16 1,175,502.69 54,186.29 277,005.68 0.00 1,506,694.66 120 Days 3 1 2 1 7 799,881.77 224,188.48 116,173.46 126,207.08 1,266,450.79 150 Days 3 0 2 0 5 298,644.98 0.00 136,056.38 0.00 434,701.36 180 Days 12 1 1 2 16 1,655,487.82 194,773.80 92,250.00 197,711.32 2,140,222.94 Totals 110 12 8 3 133 10,818,141.36 1,240,081.68 621,485.52 323,918.40 13,003,626.96 0-29 Days 0.627615% 0.000000% 0.000000% 0.627615% 0.411174% 0.000000% 0.000000% 0.411174% 30 Days 6.276151% 0.104603% 0.000000% 0.000000% 6.380753% 4.263125% 0.129530% 0.000000% 0.000000% 4.392655% 60 Days 2.092050% 0.209205% 0.000000% 0.000000% 2.301255% 1.006343% 0.045963% 0.000000% 0.000000% 1.052306% 90 Days 1.255230% 0.104603% 0.313808% 0.000000% 1.673640% 0.899203% 0.041450% 0.211896% 0.000000% 1.152549% 120 Days 0.313808% 0.104603% 0.209205% 0.104603% 0.732218% 0.611871% 0.171493% 0.088867% 0.096542% 0.968774% 150 Days 0.313808% 0.000000% 0.209205% 0.000000% 0.523013% 0.228449% 0.000000% 0.104077% 0.000000% 0.332526% 180 Days 1.255230% 0.104603% 0.104603% 0.209205% 1.673640% 1.266369% 0.148993% 0.070567% 0.151240% 1.637168% Totals 11.506276% 1.255230% 0.836820% 0.313808% 13.912134% 8.275360% 0.948603% 0.475407% 0.247782% 9.947151%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 344,639.48 Class R 59,625,100.00 13.25001575% 59,625,100.00 16.58435253% 0.000000% 0.000000% Class M-1 32,625,100.00 7.25001868% 32,625,100.00 9.07446964% 7.509883% 0.000000% Class M-2 28,125,100.00 6.25001917% 28,125,100.00 7.82282249% 1.251647% 0.000000% Class M-3 17,625,100.00 3.91668698% 17,625,100.00 4.90231248% 2.920510% 0.000000% Class M-4 13,125,100.00 2.91668747% 13,125,100.00 3.65066533% 1.251647% 0.000000% Class B-1 9,000,100.00 2.00002125% 9,000,100.00 2.50332211% 1.147343% 0.000000% Class B-2 100.00 0.00002222% 100.00 0.00002781% 2.503294% 0.000000% Class F 100.00 0.00002222% 100.00 0.00002781% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000028% 0.000000% Class X 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.604795% Weighted Average Net Coupon 7.069979% Weighted Average Pass-Through Rate 7.033324% Weighted Average Maturity(Stepdown Calculation ) 272 Beginning Scheduled Collateral Loan Count 4,298 Number Of Loans Paid In Full 87 Ending Scheduled Collateral Loan Count 4,211 Beginning Scheduled Collateral Balance 369,299,594.69 Ending Scheduled Collateral Balance 359,526,245.50 Ending Actual Collateral Balance at 30-Oct-2004 360,309,223.68 Monthly P &I Constant 3,094,267.73 Special Servicing Fee 0.00 Prepayment Penalties 80,577.89 Realized Loss Amount 80,891.39 Cumulative Realized Loss 200,343.22 Ending Scheduled Balance for Premium Loans 359,526,245.50 Scheduled Principal 753,894.75 Unscheduled Principal 9,019,454.44
Cap 0.00 Swap 0.00 Other Income (29,620.60)
Miscellaneous Reporting Base Overcollateralization Amount 2,250,001.10 Excess Cash Amount 504,426.10 Extra Principal Distribution Amount 333,104.44 Overcollateralized Amount 3,922,321.02 Overcollaterized Deficiency Amount 8,785,689.46 Specified Overcollateralization Amount 12,375,006.04
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 8.113620 6.723005 7.604795 Weighted Average Net Rate 7.578201 6.189235 7.069979 Weighted Average Maturity 253 304 272 Beginning Loan Count 3,317 981 4,298 Loans Paid In Full 62 25 87 Ending Loan Count 3,255 956 4,211 Beginning Scheduled Balance 234,172,955.38 135,126,639.31 369,299,594.69 Ending scheduled Balance 229,020,172.21 130,506,073.29 359,526,245.50 Record Date 10/30/2004 10/30/2004 10/30/2004 Principal And Interest Constant 2,134,022.56 960,245.17 3,094,267.73 Scheduled Principal 550,697.16 203,197.59 753,894.75 Unscheduled Principal 4,602,086.01 4,417,368.43 9,019,454.44 Scheduled Interest 1,583,325.40 757,047.58 2,340,372.98 Servicing Fees 104,483.70 60,105.45 164,589.15 Master Servicing Fees 2,927.21 1,689.10 4,616.31 Trustee Fee 975.75 563.08 1,538.83 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 487.86 281.51 769.37 Pool Insurance Fee 2,604.16 526.72 3,130.88 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 1,470,813.28 693,689.94 2,164,503.22 Realized Loss Amount 80,891.39 0.00 80,891.39 Cumulative Realized Loss 200,343.22 0.00 200,343.22 Percentage of Cumulative Losses 0.0705 0.0000 0.0445 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.537060 6.160355 7.033324
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