8-K 1 aeg04002_dec.txt DECEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 27, 2004 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 54-2150537 Pooling and Servicing Agreement) (Commission 54-2150538 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2004 a distribution was made to holders of AEGIS ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2004-2 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 2004-2 Trust, relating to the December 27, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/5/2005 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 December 27, 2004 distribution. EX-99.1
AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates 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 2.48000% 142,102,873.53 303,468.58 7,714,987.01 A2 00764MBP1 SEN 2.34000% 163,328,499.73 329,106.92 12,043,632.97 A3 00764MBQ9 SEN 2.66000% 58,504,000.00 134,006.66 0.00 A4 00764MBR7 SEN 2.31000% 75,061,786.99 149,310.40 8,768,890.12 A5 00764MBS5 SEN 2.63000% 86,453,000.00 195,792.03 0.00 M1 00764MBT3 MEZ 2.78000% 52,000,000.00 124,482.22 0.00 M2 00764MBU0 MEZ 3.48000% 44,000,000.00 131,853.33 0.00 M3 00764MBV8 MEZ 3.78000% 14,000,000.00 45,570.00 0.00 B1 00764MBW6 SUB 4.18000% 10,000,000.00 35,994.44 0.00 B2 00764MBX4 SUB 4.43000% 12,000,000.00 45,776.67 0.00 B3 00764MBY2 SUB 5.93000% 12,000,000.00 61,276.67 0.00 X AEG04002X SEN 0.00000% 20,000,000.00 2,377,268.85 0.00 P AEG04002P SEN 0.00000% 100.00 438,233.36 0.00 R AEG0402R1 SEN 0.00000% 0.00 0.00 0.00 Totals 689,450,260.25 4,372,140.13 28,527,510.10
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 134,387,886.52 8,018,455.59 0.00 A2 0.00 151,284,866.75 12,372,739.89 0.00 A3 0.00 58,504,000.00 134,006.66 0.00 A4 0.00 66,292,896.88 8,918,200.52 0.00 A5 0.00 86,453,000.00 195,792.03 0.00 M1 0.00 52,000,000.00 124,482.22 0.00 M2 0.00 44,000,000.00 131,853.33 0.00 M3 0.00 14,000,000.00 45,570.00 0.00 B1 0.00 10,000,000.00 35,994.44 0.00 B2 0.00 12,000,000.00 45,776.67 0.00 B3 0.00 12,000,000.00 61,276.67 0.00 X 0.00 20,000,000.00 2,377,268.85 0.00 P 0.00 100.00 438,233.36 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 660,922,750.15 32,899,650.23 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 172,000,000.00 142,102,873.53 0.00 7,714,987.01 0.00 0.00 A2 210,000,000.00 163,328,499.73 0.00 12,043,632.97 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 75,061,786.99 0.00 8,768,890.12 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 800,001,300.45 689,450,260.25 0.00 28,527,510.10 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 7,714,987.01 134,387,886.52 0.78132492 7,714,987.01 A2 12,043,632.97 151,284,866.75 0.72040413 12,043,632.97 A3 0.00 58,504,000.00 1.00000000 0.00 A4 8,768,890.12 66,292,896.88 0.60795188 8,768,890.12 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 28,527,510.10 660,922,750.15 0.82615209 28,527,510.10
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 172,000,000.00 826.17949727 0.00000000 44.85457564 0.00000000 A2 210,000,000.00 777.75476062 0.00000000 57.35063319 0.00000000 A3 58,504,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A4 109,043,000.00 688.36868932 0.00000000 80.41680915 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 44.85457564 781.32492163 0.78132492 44.85457564 A2 0.00000000 57.35063319 720.40412738 0.72040413 57.35063319 A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A4 0.00000000 80.41680915 607.95188027 0.60795188 80.41680915 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 2.48000% 142,102,873.53 303,468.58 0.00 0.00 A2 210,000,000.00 2.34000% 163,328,499.73 329,106.93 0.00 0.00 A3 58,504,000.00 2.66000% 58,504,000.00 134,006.66 0.00 0.00 A4 109,043,000.00 2.31000% 75,061,786.99 149,310.40 0.00 0.00 A5 86,453,000.00 2.63000% 86,453,000.00 195,792.03 0.00 0.00 M1 52,000,000.00 2.78000% 52,000,000.00 124,482.22 0.00 0.00 M2 44,000,000.00 3.48000% 44,000,000.00 131,853.33 0.00 0.00 M3 14,000,000.00 3.78000% 14,000,000.00 45,570.00 0.00 0.00 B1 10,000,000.00 4.18000% 10,000,000.00 35,994.44 0.00 0.00 B2 12,000,000.00 4.43000% 12,000,000.00 45,776.67 0.00 0.00 B3 12,000,000.00 5.93000% 12,000,000.00 61,276.67 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 1,556,637.93 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 0.00 303,468.58 0.00 134,387,886.52 A2 0.00 0.00 329,106.92 0.00 151,284,866.75 A3 0.00 0.00 134,006.66 0.00 58,504,000.00 A4 0.00 0.00 149,310.40 0.00 66,292,896.88 A5 0.00 0.00 195,792.03 0.00 86,453,000.00 M1 0.00 0.00 124,482.22 0.00 52,000,000.00 M2 0.00 0.00 131,853.33 0.00 44,000,000.00 M3 0.00 0.00 45,570.00 0.00 14,000,000.00 B1 0.00 0.00 35,994.44 0.00 10,000,000.00 B2 0.00 0.00 45,776.67 0.00 12,000,000.00 B3 0.00 0.00 61,276.67 0.00 12,000,000.00 X 0.00 0.00 2,377,268.85 0.00 20,000,000.00 P 0.00 0.00 438,233.36 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,372,140.13 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 2.48000% 826.17949727 1.76435221 0.00000000 0.00000000 A2 210,000,000.00 2.34000% 777.75476062 1.56717586 0.00000000 0.00000000 A3 58,504,000.00 2.66000% 1000.00000000 2.29055552 0.00000000 0.00000000 A4 109,043,000.00 2.31000% 688.36868932 1.36928001 0.00000000 0.00000000 A5 86,453,000.00 2.63000% 1000.00000000 2.26472222 0.00000000 0.00000000 M1 52,000,000.00 2.78000% 1000.00000000 2.39388885 0.00000000 0.00000000 M2 44,000,000.00 3.48000% 1000.00000000 2.99666659 0.00000000 0.00000000 M3 14,000,000.00 3.78000% 1000.00000000 3.25500000 0.00000000 0.00000000 B1 10,000,000.00 4.18000% 1000.00000000 3.59944400 0.00000000 0.00000000 B2 12,000,000.00 4.43000% 1000.00000000 3.81472250 0.00000000 0.00000000 B3 12,000,000.00 5.93000% 1000.00000000 5.10638917 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 1.76435221 0.00000000 781.32492163 A2 0.00000000 0.00000000 1.56717581 0.00000000 720.40412738 A3 0.00000000 0.00000000 2.29055552 0.00000000 1000.00000000 A4 0.00000000 0.00000000 1.36928001 0.00000000 607.95188027 A5 0.00000000 0.00000000 2.26472222 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.39388885 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.99666659 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.25500000 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.59944400 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.81472250 0.00000000 1000.00000000 B3 0.00000000 0.00000000 5.10638917 0.00000000 1000.00000000 X 0.00000000 0.00000000 118.85630845 0.00000000 999.93998110 P 0.00000000 0.00000000 4382333.60000000 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 32,747,624.40 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 320,951.80 Realized Loss (Gains, Subsequent Expenses & Recoveries) (12,434.48) Prepayment Penalties 438,233.36 Total Deposits 33,494,375.08 Withdrawals Reimbursement for Servicer Advances 283,938.59 Payment of Service Fee 310,786.26 Payment of Interest and Principal 32,899,650.23 Total Withdrawals (Pool Distribution Amount) 33,494,375.08 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 286,942.80 Back-up Servicing Fee 11,490.83 Credit Risk Manager Fee 8,618.13 Master Servicing Fee 3,734.50 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 310,786.26
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 1.18 1.18 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 8 0 0 8 942,335.17 0.00 0.00 942,335.17 30 Days 125 4 0 0 129 15,105,640.02 205,259.40 0.00 0.00 15,310,899.42 60 Days 34 0 35 0 69 4,121,681.79 0.00 3,890,158.14 0.00 8,011,839.93 90 Days 27 23 116 16 182 2,321,094.05 2,364,799.02 14,589,622.25 1,358,762.59 20,634,277.91 120 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 186 35 151 16 388 21,548,415.86 3,512,393.59 18,479,780.39 1,358,762.59 44,899,352.43 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 0.155129% 0.000000% 0.000000% 0.155129% 0.142493% 0.000000% 0.000000% 0.142493% 30 Days 2.423890% 0.077564% 0.000000% 0.000000% 2.501454% 2.284163% 0.031038% 0.000000% 0.000000% 2.315201% 60 Days 0.659298% 0.000000% 0.678689% 0.000000% 1.337987% 0.623250% 0.000000% 0.588241% 0.000000% 1.211491% 90 Days 0.523560% 0.445996% 2.249370% 0.310258% 3.529184% 0.350979% 0.357587% 2.206135% 0.205462% 3.120163% 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 3.606748% 0.678689% 2.928059% 0.310258% 7.523754% 3.258392% 0.531118% 2.794376% 0.205462% 6.789347%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 320,951.80
COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 7.399714% Weighted Average Net Coupon 6.899714% Weighted Average Pass-Through Rate 6.873214% Weighted Average Maturity (Stepdown Calculation) 339 Beginning Scheduled Collateral Loan Count 5,345 Number Of Loans Paid In Full 188 Ending Scheduled Collateral Loan Count 5,157 Beginning Scheduled Collateral Balance 689,450,160.25 Ending Scheduled Collateral Balance 660,922,650.15 Ending Actual Collateral Balance at 30-Nov-2004 661,320,582.84 Monthly P &I Constant 4,942,856.91 Special Servicing Fee 0.00 Prepayment Penalties 438,233.36 Realized Loss Amount 12,434.48 Cumulative Realized Loss 165,085.10 Ending Scheduled Balance for Premium Loans 660,922,650.15 Scheduled Principal 691,411.95 Unscheduled Principal 27,836,098.15 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 12,434.48 Excess Cash Amount 2,389,702.13
Miscellaneous Reporting LIBOR Index Rate 2.180000% Overcollateralization Deficiency Amount 0.00