8-K 1 aeg04002_jul.txt JULY 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): July 26, 2004 AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110187-02 Pooling and Servicing Agreement) (Commission 54-2150537 (State or other File Number) 54-2150538 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On July 26, 2004 a distribution was made to holders of AEGIS ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2004-2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the July 26, 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. AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust 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: 7/26/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the July 26, 2004 distribution. EX-99.1
AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Record Date: 6/30/04 Distribution Date: 7/26/04 AEGIS Series: 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 00764MBN6 SEN 1.60000% 167,380,012.44 230,612.46 3,515,693.74 A2 00764MBP1 SEN 1.46000% 202,787,877.09 254,949.43 5,488,243.21 A3 00764MBQ9 SEN 1.78000% 58,504,000.00 89,673.63 0.00 A4 00764MBR7 SEN 1.43000% 103,791,900.65 127,808.19 3,995,953.86 A5 00764MBS5 SEN 1.75000% 86,453,000.00 130,279.87 0.00 M1 00764MBT3 MEZ 1.90000% 52,000,000.00 85,077.78 0.00 M2 00764MBU0 MEZ 2.60000% 44,000,000.00 98,511.11 0.00 M3 00764MBV8 MEZ 2.90000% 14,000,000.00 34,961.11 0.00 B1 00764MBW6 SUB 3.30000% 10,000,000.00 28,416.67 0.00 B2 00764MBX4 SUB 3.55000% 12,000,000.00 36,683.33 0.00 B3 00764MBY2 SUB 5.05000% 12,000,000.00 52,183.33 0.00 X AEG04002X SEN 0.00000% 20,000,000.00 3,324,785.82 0.00 P AEG04002P SEN 0.00000% 100.00 235,277.85 0.00 R AEG0402R1 SEN 0.00000% 0.00 0.00 0.00 Totals 782,916,890.18 4,729,220.58 12,999,890.81
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 163,864,318.70 3,746,306.20 0.00 A2 0.00 197,299,633.89 5,743,192.64 0.00 A3 0.00 58,504,000.00 89,673.63 0.00 A4 0.00 99,795,946.79 4,123,762.05 0.00 A5 0.00 86,453,000.00 130,279.87 0.00 M1 0.00 52,000,000.00 85,077.78 0.00 M2 0.00 44,000,000.00 98,511.11 0.00 M3 0.00 14,000,000.00 34,961.11 0.00 B1 0.00 10,000,000.00 28,416.67 0.00 B2 0.00 12,000,000.00 36,683.33 0.00 B3 0.00 12,000,000.00 52,183.33 0.00 X 0.00 20,000,000.00 3,324,785.82 0.00 P 0.00 100.00 235,277.85 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 769,916,999.38 17,729,111.39 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A1 172,000,000.00 167,380,012.44 0.00 3,515,693.74 0.00 0.00 A2 210,000,000.00 202,787,877.09 0.00 5,488,243.21 0.00 0.00 A3 58,504,000.00 58,504,000.00 0.00 0.00 0.00 0.00 A4 109,043,000.00 103,791,900.65 0.00 3,995,953.86 0.00 0.00 A5 86,453,000.00 86,453,000.00 0.00 0.00 0.00 0.00 M1 52,000,000.00 52,000,000.00 0.00 0.00 0.00 0.00 M2 44,000,000.00 44,000,000.00 0.00 0.00 0.00 0.00 M3 14,000,000.00 14,000,000.00 0.00 0.00 0.00 0.00 B1 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 B2 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00 B3 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00 X 20,001,200.45 20,000,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 800,001,300.45 782,916,890.18 0.00 12,999,890.81 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A1 3,515,693.74 163,864,318.70 0.95269953 3,515,693.74 A2 5,488,243.21 197,299,633.89 0.93952207 5,488,243.21 A3 0.00 58,504,000.00 1.00000000 0.00 A4 3,995,953.86 99,795,946.79 0.91519810 3,995,953.86 A5 0.00 86,453,000.00 1.00000000 0.00 M1 0.00 52,000,000.00 1.00000000 0.00 M2 0.00 44,000,000.00 1.00000000 0.00 M3 0.00 14,000,000.00 1.00000000 0.00 B1 0.00 10,000,000.00 1.00000000 0.00 B2 0.00 12,000,000.00 1.00000000 0.00 B3 0.00 12,000,000.00 1.00000000 0.00 X 0.00 20,000,000.00 0.99993998 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 12,999,890.81 769,916,999.38 0.96239468 12,999,890.81
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 172,000,000.00 973.13960721 0.00000000 20.44007988 0.00000000 A2 210,000,000.00 965.65655757 0.00000000 26.13449148 0.00000000 A3 58,504,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A4 109,043,000.00 951.84377402 0.00000000 36.64567061 0.00000000 A5 86,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 52,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 44,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 14,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 20,001,200.45 999.93998110 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 20.44007988 952.69952733 0.95269953 20.44007988 A2 0.00000000 26.13449148 939.52206614 0.93952207 26.13449148 A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A4 0.00000000 36.64567061 915.19810341 0.91519810 36.64567061 A5 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 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.93998110 0.99993998 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A1 172,000,000.00 1.60000% 167,380,012.44 230,612.46 0.00 0.00 A2 210,000,000.00 1.46000% 202,787,877.09 254,949.43 0.00 0.00 A3 58,504,000.00 1.78000% 58,504,000.00 89,673.63 0.00 0.00 A4 109,043,000.00 1.43000% 103,791,900.65 127,808.19 0.00 0.00 A5 86,453,000.00 1.75000% 86,453,000.00 130,279.87 0.00 0.00 M1 52,000,000.00 1.90000% 52,000,000.00 85,077.78 0.00 0.00 M2 44,000,000.00 2.60000% 44,000,000.00 98,511.11 0.00 0.00 M3 14,000,000.00 2.90000% 14,000,000.00 34,961.11 0.00 0.00 B1 10,000,000.00 3.30000% 10,000,000.00 28,416.67 0.00 0.00 B2 12,000,000.00 3.55000% 12,000,000.00 36,683.33 0.00 0.00 B3 12,000,000.00 5.05000% 12,000,000.00 52,183.33 0.00 0.00 X 20,001,200.45 0.00000% 20,000,000.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 800,001,300.45 1,169,156.91 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 A1 0.00 0.00 230,612.46 0.00 163,864,318.70 A2 0.00 0.00 254,949.43 0.00 197,299,633.89 A3 0.00 0.00 89,673.63 0.00 58,504,000.00 A4 0.00 0.00 127,808.19 0.00 99,795,946.79 A5 0.00 0.00 130,279.87 0.00 86,453,000.00 M1 0.00 0.00 85,077.78 0.00 52,000,000.00 M2 0.00 0.00 98,511.11 0.00 44,000,000.00 M3 0.00 0.00 34,961.11 0.00 14,000,000.00 B1 0.00 0.00 28,416.67 0.00 10,000,000.00 B2 0.00 0.00 36,683.33 0.00 12,000,000.00 B3 0.00 0.00 52,183.33 0.00 12,000,000.00 X 0.00 0.00 3,324,785.82 0.00 20,000,000.00 P 0.00 0.00 235,277.85 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,729,220.58 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A1 172,000,000.00 1.60000% 973.13960721 1.34077012 0.00000000 0.00000000 A2 210,000,000.00 1.46000% 965.65655757 1.21404490 0.00000000 0.00000000 A3 58,504,000.00 1.78000% 1000.00000000 1.53277776 0.00000000 0.00000000 A4 109,043,000.00 1.43000% 951.84377402 1.17208982 0.00000000 0.00000000 A5 86,453,000.00 1.75000% 1000.00000000 1.50694447 0.00000000 0.00000000 M1 52,000,000.00 1.90000% 1000.00000000 1.63611115 0.00000000 0.00000000 M2 44,000,000.00 2.60000% 1000.00000000 2.23888886 0.00000000 0.00000000 M3 14,000,000.00 2.90000% 1000.00000000 2.49722214 0.00000000 0.00000000 B1 10,000,000.00 3.30000% 1000.00000000 2.84166700 0.00000000 0.00000000 B2 12,000,000.00 3.55000% 1000.00000000 3.05694417 0.00000000 0.00000000 B3 12,000,000.00 5.05000% 1000.00000000 4.34861083 0.00000000 0.00000000 X 20,001,200.45 0.00000% 999.93998110 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) 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 A1 0.00000000 0.00000000 1.34077012 0.00000000 952.69952733 A2 0.00000000 0.00000000 1.21404490 0.00000000 939.52206614 A3 0.00000000 0.00000000 1.53277776 0.00000000 1000.00000000 A4 0.00000000 0.00000000 1.17208982 0.00000000 915.19810341 A5 0.00000000 0.00000000 1.50694447 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.63611115 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.23888886 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.49722214 0.00000000 1000.00000000 B1 0.00000000 0.00000000 2.84166700 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.05694417 0.00000000 1000.00000000 B3 0.00000000 0.00000000 4.34861083 0.00000000 1000.00000000 X 0.00000000 0.00000000 166.22931350 0.00000000 999.93998110 P 0.00000000 0.00000000 2352778.50000000 0.00000000 1000.00000000 R 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 17,769,136.07 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 132,673.60 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 235,277.85 Total Deposits 18,137,087.52 Withdrawals Reimbursement for Servicer Advances 54,684.90 Payment of Service Fee 353,291.23 Payment of Interest and Principal 17,729,111.39 Total Withdrawals (Pool Distribution Amount) 18,137,087.52 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 326,215.32 Back-up Servicing Fee 13,048.63 Credit Risk Manager Fee 9,786.46 Master Servicing Fee 4,240.82 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 353,291.23
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.51 0.51 1,000.00 Financial Guaranty 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 93 1 0 0 94 12,547,412.68 75,444.63 0.00 0.00 12,622,857.31 60 Days 36 0 0 0 36 4,685,038.63 0.00 0.00 0.00 4,685,038.63 90 Days 3 0 5 0 8 291,090.94 0.00 887,264.88 0.00 1,178,355.82 120 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 132 1 5 0 138 17,523,542.25 75,444.63 887,264.88 0.00 18,486,251.76 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 1.591104% 0.017109% 0.000000% 0.000000% 1.608212% 1.629200% 0.009796% 0.000000% 0.000000% 1.638996% 60 Days 0.615911% 0.000000% 0.000000% 0.000000% 0.615911% 0.608322% 0.000000% 0.000000% 0.000000% 0.608322% 90 Days 0.051326% 0.000000% 0.085543% 0.000000% 0.136869% 0.037796% 0.000000% 0.115206% 0.000000% 0.153002% 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 2.258340% 0.017109% 0.085543% 0.000000% 2.360992% 2.275318% 0.009796% 0.115206% 0.000000% 2.400320%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 132,673.60
COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 7.421920% Weighted Average Net Coupon 6.921920% Weighted Average Pass-Through Rate 6.888000% Weighted Average Maturity(Stepdown Calculation) 344 Beginning Scheduled Collateral Loan Count 5,925 Number Of Loans Paid In Full 80 Ending Scheduled Collateral Loan Count 5,845 Beginning Scheduled Collateral Balance 782,916,790.18 Ending Scheduled Collateral Balance 769,916,899.38 Ending Actual Collateral Balance at 30-Jun-2004 770,157,894.60 Monthly P &I Constant 5,587,677.24 Special Servicing Fee 0.00 Prepayment Penalties 235,277.85 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 769,916,899.38 Scheduled Principal 745,388.93 Unscheduled Principal 12,254,501.87 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 20,000,000.00 Overcollateralized Amount 20,000,000.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 3,324,785.31
Miscellaneous Reporting LIBOR Index Rate 1.300000% Overcollateralization Deficiency Amount 0.00