-----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, It/ixnvzTwgeOIH3+FzY6jEvfkG623jiTE7oqUJpv5C+ezoBmMirU+DcwaIIYZJE swZXW1Ixfi7A7yRoyIIV+w== 0001056404-05-000350.txt : 20050106 0001056404-05-000350.hdr.sgml : 20050106 20050106145432 ACCESSION NUMBER: 0001056404-05-000350 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041228 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050106 DATE AS OF CHANGE: 20050106 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: 05515484 BUSINESS ADDRESS: STREET 1: 4425 PONCE DE LEON BLVD 4TH FLOOR CITY: CORAL GABLES STATE: FL ZIP: 33134 8-K 1 bay0400a_dec.txt DECEMBER 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): December 28, 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 December 28, 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 December 28, 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: 1/5/2005 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 December 28, 2004 distribution. EX-99.1
Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/28/2004 Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates 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% 0.00 496,258.33 0.00 A 073249BT0 SEN 2.63063% 295,978,824.48 627,214.24 8,923,744.08 M1 073249BU7 MEZ 2.88063% 27,000,000.00 62,653.70 0.00 M2 073249BV5 MEZ 3.18063% 4,500,000.00 11,529.78 0.00 M3 073249BW3 MEZ 3.68063% 10,500,000.00 31,132.00 0.00 M4 073249BX1 MEZ 3.98063% 4,500,000.00 14,429.78 0.00 B1 073249BY9 JUN 4.93063% 4,125,000.00 16,384.07 0.00 B2 073249CD4 JUN 5.68063% 9,000,000.00 41,184.57 0.00 F 073249CA0 SEN 1.06937% 0.00 197,286.44 0.00 P 073249CB8 SEN 0.00000% 100.00 41,245.42 0.00 X 073249BZ6 SEN 0.00000% 0.00 236,269.74 0.00 Totals 355,603,924.48 1,775,588.07 8,923,744.08
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 0.00 496,258.33 0.00 A 0.00 287,055,080.40 9,550,958.32 0.00 M1 0.00 27,000,000.00 62,653.70 0.00 M2 0.00 4,500,000.00 11,529.78 0.00 M3 0.00 10,500,000.00 31,132.00 0.00 M4 0.00 4,500,000.00 14,429.78 0.00 B1 0.00 4,125,000.00 16,384.07 0.00 B2 0.00 9,000,000.00 41,184.57 0.00 F 0.00 0.00 197,286.44 0.00 P 0.00 100.00 41,245.42 0.00 X 0.00 0.00 236,269.74 0.00 Totals 0.00 346,680,180.40 10,699,332.15 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 389,250,000.00 295,978,824.48 756,385.56 8,167,358.52 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 448,875,100.00 355,603,924.48 756,385.56 8,167,358.52 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 8,923,744.08 287,055,080.40 0.73745685 8,923,744.08 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 8,923,744.08 346,680,180.40 0.77233106 8,923,744.08
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 389,250,000.00 760.38233649 1.94318705 20.98229549 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 22.92548254 737.45685395 0.73745685 22.92548254 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% 170,145,714.00 496,258.33 0.00 0.00 A 389,250,000.00 2.63063% 295,978,824.48 627,214.24 0.00 0.00 M1 27,000,000.00 2.88063% 27,000,000.00 62,653.70 0.00 0.00 M2 4,500,000.00 3.18063% 4,500,000.00 11,529.78 0.00 0.00 M3 10,500,000.00 3.68063% 10,500,000.00 31,132.00 0.00 0.00 M4 4,500,000.00 3.98063% 4,500,000.00 14,429.78 0.00 0.00 B1 4,125,000.00 4.93063% 4,125,000.00 16,384.07 0.00 0.00 B2 9,000,000.00 5.68063% 9,000,000.00 41,184.57 0.00 0.00 F 0.00 1.06937% 229,020,172.21 197,286.44 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 1,498,072.91 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 0.00 496,258.33 0.00 161,569,714.00 A 0.00 0.00 627,214.24 0.00 287,055,080.40 M1 0.00 0.00 62,653.70 0.00 27,000,000.00 M2 0.00 0.00 11,529.78 0.00 4,500,000.00 M3 0.00 0.00 31,132.00 0.00 10,500,000.00 M4 0.00 0.00 14,429.78 0.00 4,500,000.00 B1 0.00 0.00 16,384.07 0.00 4,125,000.00 B2 0.00 0.00 41,184.57 0.00 9,000,000.00 F 0.00 0.00 197,286.44 0.00 223,630,519.30 P 0.00 0.00 41,245.42 0.00 100.00 X 0.00 0.00 236,269.74 0.00 0.00 Totals 0.00 0.00 1,775,588.07 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% 661.67777703 1.92989351 0.00000000 0.00000000 A 389,250,000.00 2.63063% 760.38233649 1.61134037 0.00000000 0.00000000 M1 27,000,000.00 2.88063% 1000.00000000 2.32050741 0.00000000 0.00000000 M2 4,500,000.00 3.18063% 1000.00000000 2.56217333 0.00000000 0.00000000 M3 10,500,000.00 3.68063% 1000.00000000 2.96495238 0.00000000 0.00000000 M4 4,500,000.00 3.98063% 1000.00000000 3.20661778 0.00000000 0.00000000 B1 4,125,000.00 4.93063% 1000.00000000 3.97189576 0.00000000 0.00000000 B2 9,000,000.00 5.68063% 1000.00000000 4.57606333 0.00000000 0.00000000 F 0.00 1.06937% 818.67736823 0.70523894 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 1.92989351 0.00000000 628.32666590 A 0.00000000 0.00000000 1.61134037 0.00000000 737.45685395 M1 0.00000000 0.00000000 2.32050741 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.56217333 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.96495238 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.20661778 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.97189576 0.00000000 1000.00000000 B2 0.00000000 0.00000000 4.57606333 0.00000000 1000.00000000 F 0.00000000 0.00000000 0.70523894 0.00000000 799.41100048 P 0.00000000 0.00000000 412454.20000000 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 10,900,068.22 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 323,743.31 Realized Loss (Gains, Subsequent Expenses & Recoveries) (51,212.54) Prepayment Penalties 41,245.42 Total Deposits 11,213,844.41 Withdrawals Reimbursement for Servicer Advances 344,639.48 Payment of Service Fee 169,872.78 Payment of Interest and Principal 10,699,332.15 Total Withdrawals (Pool Distribution Amount) 11,213,844.41 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 160,051.72 Custodian Fee 749.01 Indenture Trustee Fee 1,498.08 Master Servicing Fee 4,494.06 Radian Fees 3,079.91 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 169,872.78
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 23 0 0 23 1,507,668.11 0.00 0.00 1,507,668.11 30 Days 224 5 0 0 229 13,772,546.00 505,400.13 0.00 0.00 14,277,946.13 60 Days 81 7 0 0 88 6,598,463.54 607,382.07 0.00 0.00 7,205,845.61 90 Days 30 4 18 0 52 2,170,745.84 167,068.15 1,095,818.89 0.00 3,433,632.88 120 Days 18 0 15 2 35 1,291,680.00 0.00 948,546.14 98,513.59 2,338,739.73 150 Days 5 3 13 6 27 776,749.07 302,721.02 1,120,302.28 351,118.29 2,550,890.66 180+ Days 25 6 28 17 76 2,981,597.67 434,584.36 2,290,676.30 1,045,704.15 6,752,562.48 Totals 383 48 74 25 530 27,591,782.12 3,524,823.84 5,455,343.61 1,495,336.03 38,067,285.60 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 0.558659% 0.000000% 0.000000% 0.558659% 0.428708% 0.000000% 0.000000% 0.428708% 30 Days 5.440855% 0.121448% 0.000000% 0.000000% 5.562303% 3.916244% 0.143711% 0.000000% 0.000000% 4.059956% 60 Days 1.967452% 0.170027% 0.000000% 0.000000% 2.137479% 1.876283% 0.172710% 0.000000% 0.000000% 2.048993% 90 Days 0.728686% 0.097158% 0.437212% 0.000000% 1.263056% 0.617255% 0.047506% 0.311598% 0.000000% 0.976359% 120 Days 0.437212% 0.000000% 0.364343% 0.048579% 0.850134% 0.367291% 0.000000% 0.269721% 0.028012% 0.665024% 150 Days 0.121448% 0.072869% 0.315764% 0.145737% 0.655817% 0.220870% 0.086079% 0.318560% 0.099841% 0.725350% 180+ Days 0.607238% 0.145737% 0.680107% 0.412922% 1.846004% 0.847822% 0.123575% 0.651357% 0.297348% 1.920101% Totals 9.302890% 1.165897% 1.797425% 0.607238% 12.873452% 7.845765% 1.002289% 1.551235% 0.425201% 10.824490%
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 17 0 0 17 1,040,014.84 0.00 0.00 1,040,014.84 30 Days 186 4 0 0 190 10,360,221.62 266,906.74 0.00 0.00 10,627,128.36 60 Days 53 6 0 0 59 3,948,684.10 578,417.27 0.00 0.00 4,527,101.37 90 Days 23 2 13 0 38 1,721,673.96 81,792.60 872,356.96 0.00 2,675,823.52 120 Days 10 0 12 2 24 529,699.73 0.00 671,540.46 98,513.59 1,299,753.78 150 Days 3 2 11 5 21 118,704.83 78,532.54 1,004,128.82 224,911.21 1,426,277.40 180 Days 12 5 25 15 57 1,192,035.49 239,810.56 2,062,369.92 847,992.83 4,342,208.80 Totals 287 36 61 22 406 17,871,019.73 2,285,474.55 4,610,396.16 1,171,417.63 25,938,308.07 0-29 Days 0.533584% 0.000000% 0.000000% 0.533584% 0.463898% 0.000000% 0.000000% 0.463898% 30 Days 5.838041% 0.125549% 0.000000% 0.000000% 5.963591% 4.621166% 0.119053% 0.000000% 0.000000% 4.740220% 60 Days 1.663528% 0.188324% 0.000000% 0.000000% 1.851852% 1.761307% 0.258002% 0.000000% 0.000000% 2.019309% 90 Days 0.721908% 0.062775% 0.408035% 0.000000% 1.192718% 0.767951% 0.036484% 0.389114% 0.000000% 1.193548% 120 Days 0.313873% 0.000000% 0.376648% 0.062775% 0.753296% 0.236272% 0.000000% 0.299540% 0.043942% 0.579754% 150 Days 0.094162% 0.062775% 0.345261% 0.156937% 0.659134% 0.052948% 0.035029% 0.447891% 0.100321% 0.636190% 180 Days 0.376648% 0.156937% 0.784683% 0.470810% 1.789077% 0.531706% 0.106967% 0.919918% 0.378246% 1.936838% Totals 9.008161% 1.129944% 1.914626% 0.690521% 12.743252% 7.971350% 1.019434% 2.056463% 0.522510% 11.569756% 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 6 467,653.27 0.00 0.00 467,653.27 30 Days 38 1 0 0 39 3,412,324.38 238,493.39 0.00 0.00 3,650,817.77 60 Days 28 1 0 0 29 2,649,779.44 28,964.80 0.00 0.00 2,678,744.24 90 Days 7 2 5 0 14 449,071.88 85,275.55 223,461.93 0.00 757,809.36 120 Days 8 0 3 0 11 761,980.27 0.00 277,005.68 0.00 1,038,985.95 150 Days 2 1 2 1 6 658,044.24 224,188.48 116,173.46 126,207.08 1,124,613.26 180 Days 13 1 3 2 19 1,789,562.18 194,773.80 228,306.38 197,711.32 2,410,353.68 Totals 96 12 13 3 124 9,720,762.39 1,239,349.29 844,947.45 323,918.40 12,128,977.53 0-29 Days 0.644468% 0.000000% 0.000000% 0.644468% 0.366825% 0.000000% 0.000000% 0.366825% 30 Days 4.081633% 0.107411% 0.000000% 0.000000% 4.189044% 2.676610% 0.187073% 0.000000% 0.000000% 2.863683% 60 Days 3.007519% 0.107411% 0.000000% 0.000000% 3.114930% 2.078474% 0.022720% 0.000000% 0.000000% 2.101194% 90 Days 0.751880% 0.214823% 0.537057% 0.000000% 1.503759% 0.352250% 0.066890% 0.175282% 0.000000% 0.594422% 120 Days 0.859291% 0.000000% 0.322234% 0.000000% 1.181525% 0.597694% 0.000000% 0.217282% 0.000000% 0.814975% 150 Days 0.214823% 0.107411% 0.214823% 0.107411% 0.644468% 0.516167% 0.175852% 0.091126% 0.098996% 0.882141% 180 Days 1.396348% 0.107411% 0.322234% 0.214823% 2.040816% 1.403724% 0.152780% 0.179082% 0.155084% 1.890670% Totals 10.311493% 1.288937% 1.396348% 0.322234% 13.319012% 7.624918% 0.972139% 0.662773% 0.254080% 9.513910%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 323,743.31 Class R 59,625,100.00 13.25001575% 59,625,100.00 16.99253406% 0.000000% 0.000000% Class M-1 32,625,100.00 7.25001868% 32,625,100.00 9.29781456% 7.694720% 0.000000% Class M-2 28,125,100.00 6.25001917% 28,125,100.00 8.01536131% 1.282453% 0.000000% Class M-3 17,625,100.00 3.91668698% 17,625,100.00 5.02297039% 2.992391% 0.000000% Class M-4 13,125,100.00 2.91668747% 13,125,100.00 3.74051714% 1.282453% 0.000000% Class B-1 9,000,100.00 2.00002125% 9,000,100.00 2.56493500% 1.175582% 0.000000% Class B-2 100.00 0.00002222% 100.00 0.00002850% 2.564907% 0.000000% Class F 100.00 0.00002222% 100.00 0.00002850% 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 7.605296% Weighted Average Net Coupon 7.071088% Weighted Average Pass-Through Rate 7.038308% Weighted Average Maturity (Stepdown Calculation) 271 Beginning Scheduled Collateral Loan Count 4,211 Number Of Loans Paid In Full 94 Ending Scheduled Collateral Loan Count 4,117 Beginning Scheduled Collateral Balance 359,526,245.50 Ending Scheduled Collateral Balance 350,889,983.70 Ending Actual Collateral Balance at 30-Nov-2004 351,677,401.41 Monthly P &I Constant 3,034,971.94 Special Servicing Fee 0.00 Prepayment Penalties 41,245.42 Realized Loss Amount 51,212.54 Cumulative Realized Loss 251,555.76 Ending Scheduled Balance for Premium Loans 350,889,983.70 Scheduled Principal 756,385.56 Unscheduled Principal 7,879,876.24
Cap 0.00 Swap 0.00 Other Income (35,676.09)
Miscellaneous Reporting Base Overcollateralization Amount 2,250,001.10 Excess Cash Amount 574,964.56 Extra Principal Distribution Amount 338,694.82 Overcollateralized Amount 4,209,803.30 Overcollaterized Deficiency Amount 8,503,797.56 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 8.101177 6.735095 7.605296 Weighted Average Net Rate 7.566980 6.200866 7.071088 Weighted Average Maturity 252 303 271 Beginning Loan Count 3,255 956 4,211 Loans Paid In Full 69 25 94 Ending Loan Count 3,186 931 4,117 Beginning Scheduled Balance 229,020,172.21 130,506,073.29 359,526,245.50 Ending scheduled Balance 223,630,519.30 127,259,464.40 350,889,983.70 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 2,101,855.77 933,116.17 3,034,971.94 Scheduled Principal 555,745.05 200,640.51 756,385.56 Unscheduled Principal 4,833,907.86 3,045,968.38 7,879,876.24 Scheduled Interest 1,546,110.72 732,475.66 2,278,586.38 Servicing Fees 101,951.55 58,100.17 160,051.72 Master Servicing Fees 2,862.70 1,631.36 4,494.06 Trustee Fee 954.25 543.83 1,498.08 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 477.13 271.88 749.01 Pool Insurance Fee 2,554.64 525.27 3,079.91 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 1,437,310.44 671,403.19 2,108,713.63 Realized Loss Amount 51,212.54 0.00 51,212.54 Cumulative Realized Loss 251,555.76 0.00 251,555.76 Percentage of Cumulative Losses 0.0885 0.0000 0.0559 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.531094 6.173536 7.038308
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