-----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, Uub/V2tPnlvMc1JoFQb0n10CEtU73pxv38XJTptoykOOxtnG5skm0FpnmcGNC/Lw uakAj0TWmKolgTOGLEePvQ== 0001056404-04-001700.txt : 20040527 0001056404-04-001700.hdr.sgml : 20040527 20040527151354 ACCESSION NUMBER: 0001056404-04-001700 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040521 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040527 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORTGAGE INVESTMENTS II TRUST SERIES 2004-AR3 CENTRAL INDEX KEY: 0001291410 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: 333-106323-24 FILM NUMBER: 04834883 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 sam04ar2.txt MAY-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): May 19, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2004-AR2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-24 54-2152452 Pooling and Servicing Agreement) (Commission 54-2152453 (State or other File Number) 54-2152454 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 May 19, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., Mortgage Pass-Through Certificates, Series 2004-AR2 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-AR2 Trust, relating to the May 19, 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. STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2004-AR2 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: 5/21/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-AR2 Trust, relating to the May 19, 2004 distribution. EX-99.1
Structured Asset Mortgage Investments II Inc. Mortgage Pass-Through Certificates Record Date: 4/30/04 Distribution Date: 5/19/04 SAM Series: 2004-AR2 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 I-A 86359LBL2 SEN 1.39000% 421,746,500.00 309,397.93 1,987,926.83 II-A 86359LBM0 SEN 3.49700% 89,671,000.00 261,316.25 599,833.95 III-A 86359LBN8 SEN 4.29100% 36,446,700.00 130,327.33 1,007,363.77 X 86359LBP3 SUB 1.57600% 0.00 816,831.71 0.00 M 86359LBT5 MEZ 1.55000% 26,189,100.00 21,424.14 172.64 B-1 86359LBU2 SUB 1.70000% 9,030,800.00 8,102.63 59.53 B-2 86359LBV0 SUB 2.30000% 6,622,500.00 8,038.98 43.66 B-3 86359LBW8 SUB 2.60000% 4,515,400.00 6,196.13 29.77 B-4 86359LBH1 SUB 3.15900% 2,107,100.00 5,546.94 13.89 B-5 86359LBJ7 SUB 3.15900% 1,806,200.00 4,754.82 11.91 B-6 86359LBK4 SUB 3.15900% 3,913,355.00 10,301.91 25.80 R-I 86359LBQ1 RES 2.98900% 50.00 0.12 50.00 R-II 86359LBR9 RES 2.98900% 50.00 0.12 50.00 R-III 86359LBS7 RES 2.98900% 50.00 0.12 50.00 Totals 602,048,805.00 1,582,239.13 3,595,631.75
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 419,758,573.17 2,297,324.76 0.00 II-A 0.00 89,071,166.05 861,150.20 0.00 III-A 0.00 35,439,336.23 1,137,691.10 0.00 X 0.00 0.00 816,831.71 0.00 M 0.00 26,188,927.36 21,596.78 0.00 B-1 0.00 9,030,740.47 8,162.16 0.00 B-2 0.00 6,622,456.34 8,082.64 0.00 B-3 0.00 4,515,370.23 6,225.90 0.00 B-4 0.00 2,107,086.11 5,560.83 0.00 B-5 0.00 1,806,188.09 4,766.73 0.00 B-6 0.00 3,913,329.20 10,327.71 0.00 R-I 0.00 0.00 50.12 0.00 R-II 0.00 0.00 50.12 0.00 R-III 0.00 0.00 50.12 0.00 Totals 0.00 598,453,173.25 5,177,870.88 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) I-A 421,746,500.00 421,746,500.00 885.58 1,987,041.25 0.00 0.00 II-A 89,671,000.00 89,671,000.00 0.00 599,833.95 0.00 0.00 III-A 36,446,700.00 36,446,700.00 2,725.85 1,004,637.92 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 M 26,189,100.00 26,189,100.00 172.64 0.00 0.00 0.00 B-1 9,030,800.00 9,030,800.00 59.53 0.00 0.00 0.00 B-2 6,622,500.00 6,622,500.00 43.66 0.00 0.00 0.00 B-3 4,515,400.00 4,515,400.00 29.77 0.00 0.00 0.00 B-4 2,107,100.00 2,107,100.00 13.89 0.00 0.00 0.00 B-5 1,806,200.00 1,806,200.00 11.91 0.00 0.00 0.00 B-6 3,913,355.00 3,913,355.00 25.80 0.00 0.00 0.00 R-I 50.00 50.00 0.02 49.98 0.00 0.00 R-II 50.00 50.00 0.02 49.98 0.00 0.00 R-III 50.00 50.00 0.02 49.98 0.00 0.00 Totals 602,048,805.00 602,048,805.00 3,968.69 3,591,663.06 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 I-A 1,987,926.83 419,758,573.17 0.99528644 1,987,926.83 II-A 599,833.95 89,071,166.05 0.99331073 599,833.95 III-A 1,007,363.77 35,439,336.23 0.97236063 1,007,363.77 X 0.00 0.00 0.00000000 0.00 M 172.64 26,188,927.36 0.99999341 172.64 B-1 59.53 9,030,740.47 0.99999341 59.53 B-2 43.66 6,622,456.34 0.99999341 43.66 B-3 29.77 4,515,370.23 0.99999341 29.77 B-4 13.89 2,107,086.11 0.99999341 13.89 B-5 11.91 1,806,188.09 0.99999341 11.91 B-6 25.80 3,913,329.20 0.99999341 25.80 R-I 50.00 0.00 0.00000000 50.00 R-II 50.00 0.00 0.00000000 50.00 R-III 50.00 0.00 0.00000000 50.00 Totals 3,595,631.75 598,453,173.25 0.99402767 3,595,631.75
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 421,746,500.00 1000.00000000 0.00209979 4.71145878 0.00000000 II-A 89,671,000.00 1000.00000000 0.00000000 6.68927468 0.00000000 III-A 36,446,700.00 1000.00000000 0.07479004 27.56457841 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M 26,189,100.00 1000.00000000 0.00659206 0.00000000 0.00000000 B-1 9,030,800.00 1000.00000000 0.00659189 0.00000000 0.00000000 B-2 6,622,500.00 1000.00000000 0.00659268 0.00000000 0.00000000 B-3 4,515,400.00 1000.00000000 0.00659299 0.00000000 0.00000000 B-4 2,107,100.00 1000.00000000 0.00659200 0.00000000 0.00000000 B-5 1,806,200.00 1000.00000000 0.00659395 0.00000000 0.00000000 B-6 3,913,355.00 1000.00000000 0.00659281 0.00000000 0.00000000 R-I 50.00 1000.00000000 0.40000000 999.60000000 0.00000000 R-II 50.00 1000.00000000 0.40000000 999.60000000 0.00000000 R-III 50.00 1000.00000000 0.40000000 999.60000000 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 I-A 0.00000000 4.71355857 995.28644143 0.99528644 4.71355857 II-A 0.00000000 6.68927468 993.31072532 0.99331073 6.68927468 III-A 0.00000000 27.63936845 972.36063155 0.97236063 27.63936845 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.00659206 999.99340794 0.99999341 0.00659206 B-1 0.00000000 0.00659189 999.99340811 0.99999341 0.00659189 B-2 0.00000000 0.00659268 999.99340732 0.99999341 0.00659268 B-3 0.00000000 0.00659299 999.99340701 0.99999341 0.00659299 B-4 0.00000000 0.00659200 999.99340800 0.99999341 0.00659200 B-5 0.00000000 0.00659395 999.99340605 0.99999341 0.00659395 B-6 0.00000000 0.00659281 999.99340719 0.99999341 0.00659281 R-I 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 R-II 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 R-III 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 (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 I-A 421,746,500.00 1.39000% 421,746,500.00 309,397.92 0.00 0.00 II-A 89,671,000.00 3.49700% 89,671,000.00 261,316.24 0.00 0.00 III-A 36,446,700.00 4.29100% 36,446,700.00 130,327.32 0.00 0.00 X 0.00 1.57600% 468,104,300.00 614,776.98 0.00 0.00 M 26,189,100.00 1.55000% 26,189,100.00 21,424.14 0.00 0.00 B-1 9,030,800.00 1.70000% 9,030,800.00 8,102.63 0.00 0.00 B-2 6,622,500.00 2.30000% 6,622,500.00 8,038.98 0.00 0.00 B-3 4,515,400.00 2.60000% 4,515,400.00 6,196.13 0.00 0.00 B-4 2,107,100.00 3.15900% 2,107,100.00 5,546.94 0.00 0.00 B-5 1,806,200.00 3.15900% 1,806,200.00 4,754.82 0.00 0.00 B-6 3,913,355.00 3.15900% 3,913,355.00 10,301.91 0.00 0.00 R-I 50.00 2.98900% 50.00 0.12 0.00 0.00 R-II 50.00 2.98900% 50.00 0.12 0.00 0.00 R-III 50.00 2.98900% 50.00 0.12 0.00 0.00 Totals 602,048,805.00 1,380,184.37 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 I-A 0.00 0.00 309,397.93 0.00 419,758,573.17 II-A 0.00 0.00 261,316.25 0.00 89,071,166.05 III-A 0.00 0.00 130,327.33 0.00 35,439,336.23 X 0.00 0.00 816,831.71 0.00 466,116,067.58 M 0.00 0.00 21,424.14 0.00 26,188,927.36 B-1 0.00 0.00 8,102.63 0.00 9,030,740.47 B-2 0.00 0.00 8,038.98 0.00 6,622,456.34 B-3 0.00 0.00 6,196.13 0.00 4,515,370.23 B-4 0.00 0.00 5,546.94 0.00 2,107,086.11 B-5 0.00 0.00 4,754.82 0.00 1,806,188.09 B-6 0.00 0.00 10,301.91 0.00 3,913,329.20 R-I 0.00 0.00 0.12 0.00 0.00 R-II 0.00 0.00 0.12 0.00 0.00 R-III 0.00 0.00 0.12 0.00 0.00 Totals 0.00 0.00 1,582,239.13 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 I-A 421,746,500.00 1.39000% 1000.00000000 0.73361111 0.00000000 0.00000000 II-A 89,671,000.00 3.49700% 1000.00000000 2.91416668 0.00000000 0.00000000 III-A 36,446,700.00 4.29100% 1000.00000000 3.57583320 0.00000000 0.00000000 X 0.00 1.57600% 1000.00000000 1.31333333 0.00000000 0.00000000 M 26,189,100.00 1.55000% 1000.00000000 0.81805560 0.00000000 0.00000000 B-1 9,030,800.00 1.70000% 1000.00000000 0.89722173 0.00000000 0.00000000 B-2 6,622,500.00 2.30000% 1000.00000000 1.21388901 0.00000000 0.00000000 B-3 4,515,400.00 2.60000% 1000.00000000 1.37222173 0.00000000 0.00000000 B-4 2,107,100.00 3.15900% 1000.00000000 2.63249964 0.00000000 0.00000000 B-5 1,806,200.00 3.15900% 1000.00000000 2.63249917 0.00000000 0.00000000 B-6 3,913,355.00 3.15900% 1000.00000000 2.63250076 0.00000000 0.00000000 R-I 50.00 2.98900% 1000.00000000 2.40000000 0.00000000 0.00000000 R-II 50.00 2.98900% 1000.00000000 2.40000000 0.00000000 0.00000000 R-III 50.00 2.98900% 1000.00000000 2.40000000 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 I-A 0.00000000 0.00000000 0.73361114 0.00000000 995.28644143 II-A 0.00000000 0.00000000 2.91416679 0.00000000 993.31072532 III-A 0.00000000 0.00000000 3.57583348 0.00000000 972.36063155 X 0.00000000 0.00000000 1.74497801 0.00000000 995.75258672 M 0.00000000 0.00000000 0.81805560 0.00000000 999.99340794 B-1 0.00000000 0.00000000 0.89722173 0.00000000 999.99340811 B-2 0.00000000 0.00000000 1.21388901 0.00000000 999.99340732 B-3 0.00000000 0.00000000 1.37222173 0.00000000 999.99340701 B-4 0.00000000 0.00000000 2.63249964 0.00000000 999.99340800 B-5 0.00000000 0.00000000 2.63249917 0.00000000 999.99340605 B-6 0.00000000 0.00000000 2.63250076 0.00000000 999.99340719 R-I 0.00000000 0.00000000 2.40000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 2.40000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 2.40000000 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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X-I 1.57600% 421,746,500.00 419,758,573.17 0.00 0.00 99.52864414% X-II 1.57600% 46,357,800.00 46,357,494.41 0.00 0.00 99.99934080%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 5,364,719.76 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 9,488.61 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5,374,208.37 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 196,337.49 Payment of Interest and Principal 5,177,870.88 Total Withdrawals (Pool Distribution Amount) 5,374,208.37 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 81,684.68 Additional Servicing Fee 113,398.56 Master Servicing Fee 1,254.25 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 196,337.49
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 5,000.00 0.00 0.00 5,000.00
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 3,203,851.87 0.00 0.00 0.00 3,203,851.87 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 10 0 0 0 10 3,203,851.87 0.00 0.00 0.00 3,203,851.87 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 0.450857% 0.000000% 0.000000% 0.000000% 0.450857% 0.535322% 0.000000% 0.000000% 0.000000% 0.535322% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.450857% 0.000000% 0.000000% 0.000000% 0.450857% 0.535322% 0.000000% 0.000000% 0.000000% 0.535322%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 6 0 0 0 6 1,850,551.87 0.00 0.00 0.00 1,850,551.87 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 6 0 0 0 6 1,850,551.87 0.00 0.00 0.00 1,850,551.87 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.361664% 0.000000% 0.000000% 0.000000% 0.361664% 0.401006% 0.000000% 0.000000% 0.000000% 0.401006% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.361664% 0.000000% 0.000000% 0.000000% 0.361664% 0.401006% 0.000000% 0.000000% 0.000000% 0.401006% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 1 0 0 0 1 106,800.00 0.00 0.00 0.00 106,800.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 1 0 0 0 1 106,800.00 0.00 0.00 0.00 106,800.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.233100% 0.000000% 0.000000% 0.000000% 0.233100% 0.109015% 0.000000% 0.000000% 0.000000% 0.109015% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.233100% 0.000000% 0.000000% 0.000000% 0.233100% 0.109015% 0.000000% 0.000000% 0.000000% 0.109015% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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 3 0 0 0 3 1,246,500.00 0.00 0.00 0.00 1,246,500.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 3 0 0 0 3 1,246,500.00 0.00 0.00 0.00 1,246,500.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.307692% 0.000000% 0.000000% 0.000000% 2.307692% 3.192429% 0.000000% 0.000000% 0.000000% 3.192429% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 2.307692% 0.000000% 0.000000% 0.000000% 2.307692% 3.192429% 0.000000% 0.000000% 0.000000% 3.192429%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 9,488.61
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.545048% Weighted Average Net Coupon 3.382235% Weighted Average Pass-Through Rate 3.153709% Weighted Average Maturity(Stepdown Calculation ) 340 Beginning Scheduled Collateral Loan Count 2,228 Number Of Loans Paid In Full 10 Ending Scheduled Collateral Loan Count 2,218 Beginning Scheduled Collateral Balance 602,048,805.00 Ending Scheduled Collateral Balance 598,453,173.61 Ending Actual Collateral Balance at 30-Apr-2004 598,491,139.91 Monthly P &I Constant 1,782,545.30 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 598,453,173.61 Scheduled Principal 3,968.68 Unscheduled Principal 3,591,663.05
Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.377379 3.877010 4.668507 Weighted Average Net Rate 3.211861 3.813162 4.293507 Weighted Average Maturity 337 337 357 Beginning Loan Count 1,664 432 132 Loans Paid In Full 5 3 2 Ending Loan Count 1,659 429 130 Beginning Scheduled Balance 463,457,903.00 98,539,602.00 40,051,300.00 Ending scheduled Balance 461,469,738.60 97,939,768.44 39,043,666.57 Record Date 04/30/2004 04/30/2004 04/30/2004 Principal And Interest Constant 1,305,367.52 318,365.86 158,811.92 Scheduled Principal 973.24 0.00 2,995.44 Unscheduled Principal 1,987,191.18 599,833.95 1,004,637.92 Scheduled Interest 1,304,394.28 318,365.86 155,816.48 Servicing Fees 63,925.66 5,242.99 12,516.03 Master Servicing Fees 965.54 205.28 83.43 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 87,661.53 25,737.03 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 1,151,841.55 287,180.56 143,217.02 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 2.982385 3.497240 4.291007
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 3.545048 Weighted Average Net Rate 3.382235 Weighted Average Maturity 340 Beginning Loan Count 2,228 Loans Paid In Full 10 Ending Loan Count 2,218 Beginning Scheduled Balance 602,048,805.00 Ending scheduled Balance 598,453,173.61 Record Date 04/30/2004 Principal And Interest Constant 1,782,545.30 Scheduled Principal 3,968.68 Unscheduled Principal 3,591,663.05 Scheduled Interest 1,778,576.62 Servicing Fees 81,684.68 Master Servicing Fees 1,254.25 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 113,398.56 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,582,239.13 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 3.153709
Miscellaneous Reporting Group Group I Avearge Loss Severity % Group I 0.000000% Group I Senior Percentage 91.000000% Group I Senior Prepayment Percentage 100.000000% Group I Sen Mez & Sub Percentage 9.000000% Group I Sen Mez & Sub Prep Percentage 0.000000% Group Group II Avearge Loss Severity % Group II 0.000000% Group II Senior Percentage 91.000000% Group II Senior Prepayment Percentage 100.000000% Group II Sen Mez & Sub Percentage 9.000000% Group II Sen Mez & Sub Prep Percentage 0.000000% Group Group III Avearge Loss Severity % Group III 0.000000% Group III Senior Percentage 91.000000% Group III Senior Prepayment Percentage 100.000000% Group III Sen Mez & Sub Percentage 9.000000% Group III Sen Mez & Sub Prep Percentage 0.000000%
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