-----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, R8GPOPdnWXPvRUKfOLOVyQIKMPjhrK78efCHRI67/cuz7FCXuM9JWVU91AoCRxOO oYPJuy10O6wA4c1crywtXQ== 0001056404-04-002882.txt : 20040903 0001056404-04-002882.hdr.sgml : 20040903 20040903113554 ACCESSION NUMBER: 0001056404-04-002882 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: ASSET BACKED SEC CORP FIELDSTONE MORT INV TR SER 2004-2 CENTRAL INDEX KEY: 0001287716 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: 333-109307-06 FILM NUMBER: 041015669 BUSINESS ADDRESS: STREET 1: 11 MADISON AVE STREET 2: PARK AVE PLAZA CITY: NEW YORK STATE: NY ZIP: 10010 8-K 1 fld04002_aug.txt AUGUST 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): August 25, 2004 FIELDSTONE MORTGAGE INVESTMENT CORP Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-109307-06 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 August 25, 2004 a distribution was made to holders of FIELDSTONE MORTGAGE INVESTMENT CORP, 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 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. FIELDSTONE MORTGAGE INVESTMENT CORP Mortgage Pass-Through Certificates, Series 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trust Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/3/2004 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 August 25, 2004 distribution. EX-99.1
Fieldstone Mortgage Company Mortgage Pass-Through Certificates Record Date: 7/31/2004 Distribution Date: 8/25/2004 FLD 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 1-A 31659TAW5 SEN 1.69000% 341,763,907.00 481,317.50 7,715,271.09 2-A 31659TAX3 SEN 1.71000% 235,847,070.20 336,082.08 6,604,141.91 2-A1 31659TBF1 SEN 1.61000% 82,176,513.08 110,253.49 2,810,722.79 2-A2 31659TBG9 SEN 1.87000% 18,200,000.00 28,361.67 0.00 A-IO 31659TAY1 SEN 4.00000% 0.00 867,753.34 0.00 M1 31659TAZ8 MEZ 2.00000% 54,120,000.00 90,200.00 0.00 M2 31659TBA2 MEZ 2.60000% 41,800,000.00 90,566.67 0.00 M3 31659TBB0 MEZ 2.85000% 13,200,000.00 31,350.00 0.00 M4 31659TBC8 MEZ 3.45000% 11,000,000.00 31,625.00 0.00 M5 31659TBD6 MEZ 3.60000% 11,000,000.00 33,000.00 0.00 M6 31659TBE4 MEZ 4.70000% 13,200,000.00 51,700.00 0.00 Owner Cert FIELDS042OTC SEN 0.00000% 0.01 2,154,155.59 0.00 Totals 822,307,490.29 4,306,365.34 17,130,135.79
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A 0.00 334,048,635.91 8,196,588.59 0.00 2-A 0.00 229,242,928.30 6,940,223.99 0.00 2-A1 0.00 79,365,790.29 2,920,976.28 0.00 2-A2 0.00 18,200,000.00 28,361.67 0.00 A-IO 0.00 0.00 867,753.34 0.00 M1 0.00 54,120,000.00 90,200.00 0.00 M2 0.00 41,800,000.00 90,566.67 0.00 M3 0.00 13,200,000.00 31,350.00 0.00 M4 0.00 11,000,000.00 31,625.00 0.00 M5 0.00 11,000,000.00 33,000.00 0.00 M6 0.00 13,200,000.00 51,700.00 0.00 Owner Cert 0.00 0.01 2,154,155.59 0.00 Totals 0.00 805,177,354.51 21,436,501.13 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 356,400,000.00 341,763,907.00 0.00 7,715,271.09 0.00 0.00 2-A 250,000,000.00 235,847,070.20 0.00 6,604,141.91 0.00 0.00 2-A1 88,200,000.00 82,176,513.08 0.00 2,810,722.79 0.00 0.00 2-A2 18,200,000.00 18,200,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M1 54,120,000.00 54,120,000.00 0.00 0.00 0.00 0.00 M2 41,800,000.00 41,800,000.00 0.00 0.00 0.00 0.00 M3 13,200,000.00 13,200,000.00 0.00 0.00 0.00 0.00 M4 11,000,000.00 11,000,000.00 0.00 0.00 0.00 0.00 M5 11,000,000.00 11,000,000.00 0.00 0.00 0.00 0.00 M6 13,200,000.00 13,200,000.00 0.00 0.00 0.00 0.00 Owner Cert 0.01 0.01 0.00 0.00 0.00 0.00 Totals 857,120,000.01 822,307,490.29 0.00 17,130,135.79 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 7,715,271.09 334,048,635.91 0.93728573 7,715,271.09 2-A 6,604,141.91 229,242,928.30 0.91697171 6,604,141.91 2-A1 2,810,722.79 79,365,790.29 0.89983889 2,810,722.79 2-A2 0.00 18,200,000.00 1.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 M1 0.00 54,120,000.00 1.00000000 0.00 M2 0.00 41,800,000.00 1.00000000 0.00 M3 0.00 13,200,000.00 1.00000000 0.00 M4 0.00 11,000,000.00 1.00000000 0.00 M5 0.00 11,000,000.00 1.00000000 0.00 M6 0.00 13,200,000.00 1.00000000 0.00 Owner Cert 0.00 0.01 1.00000000 0.00 Totals 17,130,135.79 805,177,354.51 0.93939863 17,130,135.79
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A 356,400,000.00 958.93352132 0.00000000 21.64778645 0.00000000 2-A 250,000,000.00 943.38828080 0.00000000 26.41656764 0.00000000 2-A1 88,200,000.00 931.70649751 0.00000000 31.86760533 0.00000000 2-A2 18,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 54,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 41,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 13,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 11,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 11,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 13,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 Owner Cert 0.01 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 1-A 0.00000000 21.64778645 937.28573488 0.93728573 21.64778645 2-A 0.00000000 26.41656764 916.97171320 0.91697171 26.41656764 2-A1 0.00000000 31.86760533 899.83889218 0.89983889 31.86760533 2-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 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 Owner Cert 0.00000000 0.00000000 0.00000000 1.00000000 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 356,400,000.00 1.69000% 341,763,907.00 481,317.50 0.00 0.00 2-A 250,000,000.00 1.71000% 235,847,070.20 336,082.08 0.00 0.00 2-A1 88,200,000.00 1.61000% 82,176,513.08 110,253.49 0.00 0.00 2-A2 18,200,000.00 1.87000% 18,200,000.00 28,361.67 0.00 0.00 A-IO 0.00 4.00000% 260,326,000.00 867,753.33 0.00 0.00 M1 54,120,000.00 2.00000% 54,120,000.00 90,200.00 0.00 0.00 M2 41,800,000.00 2.60000% 41,800,000.00 90,566.67 0.00 0.00 M3 13,200,000.00 2.85000% 13,200,000.00 31,350.00 0.00 0.00 M4 11,000,000.00 3.45000% 11,000,000.00 31,625.00 0.00 0.00 M5 11,000,000.00 3.60000% 11,000,000.00 33,000.00 0.00 0.00 M6 13,200,000.00 4.70000% 13,200,000.00 51,700.00 0.00 0.00 Owner Cert 0.01 0.00000% 0.01 0.00 0.00 0.00 Totals 857,120,000.01 2,152,209.74 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 0.00 481,317.50 0.00 334,048,635.91 2-A 0.00 0.00 336,082.08 0.00 229,242,928.30 2-A1 0.00 0.00 110,253.49 0.00 79,365,790.29 2-A2 0.00 0.00 28,361.67 0.00 18,200,000.00 A-IO 0.00 0.00 867,753.34 0.00 260,326,000.00 M1 0.00 0.00 90,200.00 0.00 54,120,000.00 M2 0.00 0.00 90,566.67 0.00 41,800,000.00 M3 0.00 0.00 31,350.00 0.00 13,200,000.00 M4 0.00 0.00 31,625.00 0.00 11,000,000.00 M5 0.00 0.00 33,000.00 0.00 11,000,000.00 M6 0.00 0.00 51,700.00 0.00 13,200,000.00 Owner Cert 0.00 0.00 2,154,155.59 0.00 0.01 Totals 0.00 0.00 4,306,365.34 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 356,400,000.00 1.69000% 958.93352132 1.35049804 0.00000000 0.00000000 2-A 250,000,000.00 1.71000% 943.38828080 1.34432832 0.00000000 0.00000000 2-A1 88,200,000.00 1.61000% 931.70649751 1.25003957 0.00000000 0.00000000 2-A2 18,200,000.00 1.87000% 1000.00000000 1.55833352 0.00000000 0.00000000 A-IO 0.00 4.00000% 1000.00000000 3.33333332 0.00000000 0.00000000 M1 54,120,000.00 2.00000% 1000.00000000 1.66666667 0.00000000 0.00000000 M2 41,800,000.00 2.60000% 1000.00000000 2.16666675 0.00000000 0.00000000 M3 13,200,000.00 2.85000% 1000.00000000 2.37500000 0.00000000 0.00000000 M4 11,000,000.00 3.45000% 1000.00000000 2.87500000 0.00000000 0.00000000 M5 11,000,000.00 3.60000% 1000.00000000 3.00000000 0.00000000 0.00000000 M6 13,200,000.00 4.70000% 1000.00000000 3.91666667 0.00000000 0.00000000 Owner Cert 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes per $1000.00 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 1.35049804 0.00000000 937.28573488 2-A 0.00000000 0.00000000 1.34432832 0.00000000 916.97171320 2-A1 0.00000000 0.00000000 1.25003957 0.00000000 899.83889218 2-A2 0.00000000 0.00000000 1.55833352 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 3.33333336 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.66666667 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.16666675 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.37500000 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.87500000 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.00000000 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.91666667 0.00000000 1000.00000000 Owner Cert 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 21,788,662.58 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 21,788,662.58 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 352,161.45 Payment of Interest and Principal 21,436,501.13 Total Withdrawals (Pool Distribution Amount) 21,788,662.58 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 352,161.45 Indenture Trustee Fee - HSBC Bank USA 0.00 Owner Trustee Fee - US Bank Trust NA 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 352,161.45
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 SWAP Counterparty Account 0.00 0.00 407,203.93 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 7 0 0 7 921,249.22 0.00 0.00 921,249.22 30 Days 35 1 1 0 37 5,704,798.82 68,254.93 204,800.00 0.00 5,977,853.75 60 Days 15 0 3 0 18 2,651,122.99 0.00 771,500.00 0.00 3,422,622.99 90 Days 3 0 9 0 12 375,102.51 0.00 1,255,838.99 0.00 1,630,941.50 120 Days 0 0 1 1 2 0.00 0.00 85,500.00 230,400.00 315,900.00 150 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 53 8 14 1 76 8,731,024.32 989,504.15 2,317,638.99 230,400.00 12,268,567.46 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 0.156111% 0.000000% 0.000000% 0.156111% 0.111235% 0.000000% 0.000000% 0.111235% 30 Days 0.780553% 0.022302% 0.022302% 0.000000% 0.825156% 0.688821% 0.008241% 0.024728% 0.000000% 0.721791% 60 Days 0.334523% 0.000000% 0.066905% 0.000000% 0.401427% 0.320108% 0.000000% 0.093154% 0.000000% 0.413262% 90 Days 0.066905% 0.000000% 0.200714% 0.000000% 0.267618% 0.045291% 0.000000% 0.151635% 0.000000% 0.196927% 120 Days 0.000000% 0.000000% 0.022302% 0.022302% 0.044603% 0.000000% 0.000000% 0.010324% 0.027819% 0.038143% 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 1.181980% 0.178412% 0.312221% 0.022302% 1.694915% 1.054220% 0.119477% 0.279841% 0.027819% 1.481358%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 5 0 0 5 730,011.62 0.00 0.00 730,011.62 30 Days 19 1 1 0 21 2,353,322.22 68,254.93 204,800.00 0.00 2,626,377.15 60 Days 4 0 1 0 5 304,900.22 0.00 105,000.00 0.00 409,900.22 90 Days 2 0 6 0 8 287,857.61 0.00 720,225.68 0.00 1,008,083.29 120 Days 0 0 0 1 1 0.00 0.00 0.00 230,400.00 230,400.00 150 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 25 6 8 1 40 2,946,080.05 798,266.55 1,030,025.68 230,400.00 5,004,772.28 0-29 Days 0.200803% 0.000000% 0.000000% 0.200803% 0.174765% 0.000000% 0.000000% 0.174765% 30 Days 0.763052% 0.040161% 0.040161% 0.000000% 0.843373% 0.563387% 0.016340% 0.049029% 0.000000% 0.628757% 60 Days 0.160643% 0.000000% 0.040161% 0.000000% 0.200803% 0.072993% 0.000000% 0.025137% 0.000000% 0.098130% 90 Days 0.080321% 0.000000% 0.240964% 0.000000% 0.321285% 0.068913% 0.000000% 0.172423% 0.000000% 0.241336% 120 Days 0.000000% 0.000000% 0.000000% 0.040161% 0.040161% 0.000000% 0.000000% 0.000000% 0.055158% 0.055158% 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 1.004016% 0.240964% 0.321285% 0.040161% 1.606426% 0.705294% 0.191106% 0.246589% 0.055158% 1.198147% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 2 0 0 2 191,237.60 0.00 0.00 191,237.60 30 Days 16 0 0 0 16 3,351,476.60 0.00 0.00 0.00 3,351,476.60 60 Days 11 0 2 0 13 2,346,222.77 0.00 666,500.00 0.00 3,012,722.77 90 Days 1 0 3 0 4 87,244.90 0.00 535,613.31 0.00 622,858.21 120 Days 0 0 1 0 1 0.00 0.00 85,500.00 0.00 85,500.00 150 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 28 2 6 0 36 5,784,944.27 191,237.60 1,287,613.31 0.00 7,263,795.18 0-29 Days 0.100301% 0.000000% 0.000000% 0.100301% 0.046588% 0.000000% 0.000000% 0.046588% 30 Days 0.802407% 0.000000% 0.000000% 0.000000% 0.802407% 0.816462% 0.000000% 0.000000% 0.000000% 0.816462% 60 Days 0.551655% 0.000000% 0.100301% 0.000000% 0.651956% 0.571569% 0.000000% 0.162368% 0.000000% 0.733937% 90 Days 0.050150% 0.000000% 0.150451% 0.000000% 0.200602% 0.021254% 0.000000% 0.130482% 0.000000% 0.151736% 120 Days 0.000000% 0.000000% 0.050150% 0.000000% 0.050150% 0.000000% 0.000000% 0.020829% 0.000000% 0.020829% 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 1.404213% 0.100301% 0.300903% 0.000000% 1.805416% 1.409285% 0.046588% 0.313679% 0.000000% 1.769551%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.831647% Weighted Average Net Coupon 6.331647% Weighted Average Pass-Through Rate 6.331647% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 4,567 Number Of Loans Paid In Full 83 Ending Scheduled Collateral Loan Count 4,484 Beginning Scheduled Collateral Balance 845,187,490.28 Ending Scheduled Collateral Balance 828,057,354.49 Ending Actual Collateral Balance at 31-Jul-2004 828,197,393.13 Monthly P &I Constant 5,146,493.28 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 828,057,354.49 Scheduled Principal 334,807.65 Unscheduled Principal 16,795,328.14
Miscellaneous Reporting LIBOR Rate 1.450000% Overcollateralization Amount 22,880,000.00 Overcollateralization Deficiency 0.00 Prepayment Premiums 254,045.08 Stepdown Date NO Required Overcollateralization Amount 22,880,000.00 Trigger Event NO Net Swap Payment 407,203.93 Net Swap Receipt 0.00
Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.851135 6.811903 6.831647 Weighted Average Net Rate 6.351135 6.311903 6.331647 Weighted Average Maturity 354 354 1 Beginning Loan Count 2,538 2,029 4,567 Loans Paid In Full 48 35 83 Ending Loan Count 2,490 1,994 4,484 Beginning Scheduled Balance 425,352,815.69 419,834,674.59 845,187,490.28 Ending scheduled Balance 417,637,544.60 410,419,809.89 828,057,354.49 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 2,614,986.44 2,531,506.84 5,146,493.28 Scheduled Principal 186,528.50 148,279.15 334,807.65 Unscheduled Principal 7,528,742.59 9,266,585.55 16,795,328.14 Scheduled Interest 2,428,457.94 2,383,227.69 4,811,685.63 Servicing Fees 177,230.35 174,931.10 352,161.45 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 2,251,227.59 2,208,296.59 4,459,524.18 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 Pass-Through Rate 6.351135 6.311903 6.331647
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