-----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, FI0c5kSX+IY5npe9QViy0K03K3cFjWBzLU2JE6qgcUEEckdqH4jqm3EA1ACe53b4 cISTY7tY88F6lNUxjKhp1w== 0001056404-04-003502.txt : 20041022 0001056404-04-003502.hdr.sgml : 20041022 20041022135656 ACCESSION NUMBER: 0001056404-04-003502 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041020 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORTGAGE INVESTMENTS II TRUST SERIES 2004-AR2 CENTRAL INDEX KEY: 0001291410 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-106323-24 FILM NUMBER: 041091474 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 BUSINESS PHONE: 212-111-1111 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 FORMER COMPANY: FORMER CONFORMED NAME: STRUCTURED ASSET MORTGAGE INVESTMENTS II TRUST SERIES 2004-AR3 DATE OF NAME CHANGE: 20040521 8-K 1 sam04ar2_oct.txt OCT. 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): October 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) 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 October 19, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., Mortgage Pass-Through Certificates, Series 2004-AR2 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-AR2 Trust, relating to the October 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 (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: 10/19/04 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 October 19, 2004 distribution. EX-99.1
Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 9/30/04 Distribution Date: 10/19/04 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 2.10125% 392,863,908.64 687,921.07 7,416,116.25 II-A 86359LBM0 SEN 3.83628% 83,500,703.32 266,943.67 477,053.14 III-A 86359LBN8 SEN 4.28876% 29,671,510.07 106,045.01 762,976.99 X 86359LBP3 SUB 1.32313% 0.00 484,288.94 0.00 M 86359LBT5 MEZ 2.26125% 26,188,390.57 49,348.75 96.11 B-1 86359LBU2 SUB 2.41125% 9,030,555.37 18,145.77 33.14 B-2 86359LBV0 SUB 3.01125% 6,622,320.61 16,617.89 24.30 B-3 86359LBW8 SUB 3.31125% 4,515,277.68 12,459.34 16.57 B-4 86359LBH1 SUB 3.57208% 2,107,042.92 6,272.11 7.73 B-5 86359LBJ7 SUB 3.57208% 1,806,151.07 5,376.43 6.63 B-6 86359LBK4 SUB 3.57208% 3,913,248.99 11,648.70 14.36 R-I 86359LBQ1 RES 2.93460% 0.00 0.00 0.00 R-II 86359LBR9 RES 2.93460% 0.00 0.00 0.00 R-III 86359LBS7 RES 2.93460% 0.00 0.00 0.00 Totals 560,219,109.24 1,665,067.68 8,656,345.22
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 385,447,792.39 8,104,037.32 0.00 II-A 0.00 83,023,650.18 743,996.81 0.00 III-A 0.00 28,908,533.07 869,022.00 0.00 X 0.00 0.00 484,288.94 0.00 M 0.00 26,188,294.47 49,444.86 0.00 B-1 0.00 9,030,522.23 18,178.91 0.00 B-2 0.00 6,622,296.30 16,642.19 0.00 B-3 0.00 4,515,261.11 12,475.91 0.00 B-4 0.00 2,107,035.19 6,279.84 0.00 B-5 0.00 1,806,144.44 5,383.06 0.00 B-6 0.00 3,913,234.63 11,663.06 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 Totals 0.00 551,562,764.01 10,321,412.90 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 421,746,500.00 392,863,908.64 389.28 7,415,726.97 0.00 0.00 II-A 89,671,000.00 83,500,703.32 0.00 477,053.14 0.00 0.00 III-A 36,446,700.00 29,671,510.07 1,296.96 761,680.03 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 M 26,189,100.00 26,188,390.57 96.11 0.00 0.00 0.00 B-1 9,030,800.00 9,030,555.37 33.14 0.00 0.00 0.00 B-2 6,622,500.00 6,622,320.61 24.30 0.00 0.00 0.00 B-3 4,515,400.00 4,515,277.68 16.57 0.00 0.00 0.00 B-4 2,107,100.00 2,107,042.92 7.73 0.00 0.00 0.00 B-5 1,806,200.00 1,806,151.07 6.63 0.00 0.00 0.00 B-6 3,913,355.00 3,913,248.99 14.36 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 Totals 602,048,805.00 560,219,109.24 1,885.08 8,654,460.14 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 7,416,116.25 385,447,792.39 0.91393240 7,416,116.25 II-A 477,053.14 83,023,650.18 0.92586957 477,053.14 III-A 762,976.99 28,908,533.07 0.79317285 762,976.99 X 0.00 0.00 0.00000000 0.00 M 96.11 26,188,294.47 0.99996924 96.11 B-1 33.14 9,030,522.23 0.99996924 33.14 B-2 24.30 6,622,296.30 0.99996924 24.30 B-3 16.57 4,515,261.11 0.99996924 16.57 B-4 7.73 2,107,035.19 0.99996924 7.73 B-5 6.63 1,806,144.44 0.99996924 6.63 B-6 14.36 3,913,234.63 0.99996924 14.36 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 Totals 8,656,345.22 551,562,764.01 0.91614294 8,656,345.22
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 421,746,500.00 931.51670172 0.00092302 17.58337525 0.00000000 II-A 89,671,000.00 931.18960779 0.00000000 5.32003814 0.00000000 III-A 36,446,700.00 814.10690323 0.03558511 20.89846351 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M 26,189,100.00 999.97291125 0.00366985 0.00000000 0.00000000 B-1 9,030,800.00 999.97291159 0.00366966 0.00000000 0.00000000 B-2 6,622,500.00 999.97291204 0.00366931 0.00000000 0.00000000 B-3 4,515,400.00 999.97291048 0.00366966 0.00000000 0.00000000 B-4 2,107,100.00 999.97291064 0.00366855 0.00000000 0.00000000 B-5 1,806,200.00 999.97290998 0.00367069 0.00000000 0.00000000 B-6 3,913,355.00 999.97291071 0.00366949 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 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 I-A 0.00000000 17.58429827 913.93240345 0.91393240 17.58429827 II-A 0.00000000 5.32003814 925.86956965 0.92586957 5.32003814 III-A 0.00000000 20.93404862 793.17285433 0.79317285 20.93404862 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.00366985 999.96924178 0.99996924 0.00366985 B-1 0.00000000 0.00366966 999.96924193 0.99996924 0.00366966 B-2 0.00000000 0.00366931 999.96924122 0.99996924 0.00366931 B-3 0.00000000 0.00366966 999.96924082 0.99996924 0.00366966 B-4 0.00000000 0.00366855 999.96924209 0.99996924 0.00366855 B-5 0.00000000 0.00367069 999.96923929 0.99996924 0.00367069 B-6 0.00000000 0.00366949 999.96924123 0.99996924 0.00366949 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 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 I-A 421,746,500.00 2.10125% 392,863,908.64 687,921.07 0.00 0.00 II-A 89,671,000.00 3.83628% 83,500,703.32 266,943.67 0.00 0.00 III-A 36,446,700.00 4.28876% 29,671,510.07 106,045.01 0.00 0.00 X 0.00 1.32313% 439,220,452.87 484,288.93 0.00 0.00 M 26,189,100.00 2.26125% 26,188,390.57 49,348.75 0.00 0.00 B-1 9,030,800.00 2.41125% 9,030,555.37 18,145.77 0.00 0.00 B-2 6,622,500.00 3.01125% 6,622,320.61 16,617.89 0.00 0.00 B-3 4,515,400.00 3.31125% 4,515,277.68 12,459.34 0.00 0.00 B-4 2,107,100.00 3.57208% 2,107,042.92 6,272.11 0.00 0.00 B-5 1,806,200.00 3.57208% 1,806,151.07 5,376.43 0.00 0.00 B-6 3,913,355.00 3.57208% 3,913,248.99 11,648.70 0.00 0.00 R-I 50.00 2.93460% 0.00 0.00 0.00 0.00 R-II 50.00 2.93460% 0.00 0.00 0.00 0.00 R-III 50.00 2.93460% 0.00 0.00 0.00 0.00 Totals 602,048,805.00 1,665,067.67 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 0.00 687,921.07 0.00 385,447,792.39 II-A 0.00 0.00 266,943.67 0.00 83,023,650.18 III-A 0.00 0.00 106,045.01 0.00 28,908,533.07 X 0.00 0.00 484,288.94 0.00 431,804,166.50 M 0.00 0.00 49,348.75 0.00 26,188,294.47 B-1 0.00 0.00 18,145.77 0.00 9,030,522.23 B-2 0.00 0.00 16,617.89 0.00 6,622,296.30 B-3 0.00 0.00 12,459.34 0.00 4,515,261.11 B-4 0.00 0.00 6,272.11 0.00 2,107,035.19 B-5 0.00 0.00 5,376.43 0.00 1,806,144.44 B-6 0.00 0.00 11,648.70 0.00 3,913,234.63 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,665,067.68 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 2.10125% 931.51670172 1.63112455 0.00000000 0.00000000 II-A 89,671,000.00 3.83628% 931.18960779 2.97692309 0.00000000 0.00000000 III-A 36,446,700.00 4.28876% 814.10690323 2.90959154 0.00000000 0.00000000 X 0.00 1.32313% 938.29612945 1.03457484 0.00000000 0.00000000 M 26,189,100.00 2.26125% 999.97291125 1.88432401 0.00000000 0.00000000 B-1 9,030,800.00 2.41125% 999.97291159 2.00932033 0.00000000 0.00000000 B-2 6,622,500.00 3.01125% 999.97291204 2.50930766 0.00000000 0.00000000 B-3 4,515,400.00 3.31125% 999.97291048 2.75929929 0.00000000 0.00000000 B-4 2,107,100.00 3.57208% 999.97291064 2.97665512 0.00000000 0.00000000 B-5 1,806,200.00 3.57208% 999.97290998 2.97665264 0.00000000 0.00000000 B-6 3,913,355.00 3.57208% 999.97291071 2.97665303 0.00000000 0.00000000 R-I 50.00 2.93460% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 2.93460% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 2.93460% 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 I-A 0.00000000 0.00000000 1.63112455 0.00000000 913.93240345 II-A 0.00000000 0.00000000 2.97692309 0.00000000 925.86956965 III-A 0.00000000 0.00000000 2.90959154 0.00000000 793.17285433 X 0.00000000 0.00000000 1.03457486 0.00000000 922.45289458 M 0.00000000 0.00000000 1.88432401 0.00000000 999.96924178 B-1 0.00000000 0.00000000 2.00932033 0.00000000 999.96924193 B-2 0.00000000 0.00000000 2.50930766 0.00000000 999.96924122 B-3 0.00000000 0.00000000 2.75929929 0.00000000 999.96924082 B-4 0.00000000 0.00000000 2.97665512 0.00000000 999.96924209 B-5 0.00000000 0.00000000 2.97665264 0.00000000 999.96923929 B-6 0.00000000 0.00000000 2.97665303 0.00000000 999.96924123 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X-I 1.35274% 392,863,908.64 385,447,792.39 0.00 0.00 91.39324034% X-II 1.07219% 46,356,544.23 46,356,374.11 0.00 0.00 99.99692416%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 10,506,474.70 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 20,078.36 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 10,526,553.06 Withdrawals Reimbursement for Servicer Advances 22,431.71 Payment of Service Fee 182,708.45 Payment of Interest and Principal 10,321,412.90 Total Withdrawals (Pool Distribution Amount) 10,526,553.06 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 74,661.43 Additional Servicing Fee 106,879.88 Master Servicing Fee 1,167.14 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 182,708.45
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 23 0 0 0 23 5,841,891.09 0.00 0.00 0.00 5,841,891.09 60 Days 2 0 0 0 2 232,100.00 0.00 0.00 0.00 232,100.00 90 Days 2 0 0 0 2 274,450.00 0.00 0.00 0.00 274,450.00 120 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 27 0 0 0 27 6,348,441.09 0.00 0.00 0.00 6,348,441.09 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 1.098901% 0.000000% 0.000000% 0.000000% 1.098901% 1.059150% 0.000000% 0.000000% 0.000000% 1.059150% 60 Days 0.095557% 0.000000% 0.000000% 0.000000% 0.095557% 0.042080% 0.000000% 0.000000% 0.000000% 0.042080% 90 Days 0.095557% 0.000000% 0.000000% 0.000000% 0.095557% 0.049758% 0.000000% 0.000000% 0.000000% 0.049758% 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 1.290014% 0.000000% 0.000000% 0.000000% 1.290014% 1.150989% 0.000000% 0.000000% 0.000000% 1.150989%
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 11 0 0 0 11 2,690,249.06 0.00 0.00 0.00 2,690,249.06 60 Days 1 0 0 0 1 120,000.00 0.00 0.00 0.00 120,000.00 90 Days 1 0 0 0 1 108,200.00 0.00 0.00 0.00 108,200.00 120 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 13 0 0 0 13 2,918,449.06 0.00 0.00 0.00 2,918,449.06 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.701531% 0.000000% 0.000000% 0.000000% 0.701531% 0.629801% 0.000000% 0.000000% 0.000000% 0.629801% 60 Days 0.063776% 0.000000% 0.000000% 0.000000% 0.063776% 0.028093% 0.000000% 0.000000% 0.000000% 0.028093% 90 Days 0.063776% 0.000000% 0.000000% 0.000000% 0.063776% 0.025330% 0.000000% 0.000000% 0.000000% 0.025330% 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 0.829082% 0.000000% 0.000000% 0.000000% 0.829082% 0.683224% 0.000000% 0.000000% 0.000000% 0.683224% 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 11 0 0 0 11 3,033,242.03 0.00 0.00 0.00 3,033,242.03 60 Days 1 0 0 0 1 112,100.00 0.00 0.00 0.00 112,100.00 90 Days 1 0 0 0 1 166,250.00 0.00 0.00 0.00 166,250.00 120 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 13 0 0 0 13 3,311,592.03 0.00 0.00 0.00 3,311,592.03 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.676399% 0.000000% 0.000000% 0.000000% 2.676399% 3.300868% 0.000000% 0.000000% 0.000000% 3.300868% 60 Days 0.243309% 0.000000% 0.000000% 0.000000% 0.243309% 0.121991% 0.000000% 0.000000% 0.000000% 0.121991% 90 Days 0.243309% 0.000000% 0.000000% 0.000000% 0.243309% 0.180918% 0.000000% 0.000000% 0.000000% 0.180918% 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 3.163017% 0.000000% 0.000000% 0.000000% 3.163017% 3.603777% 0.000000% 0.000000% 0.000000% 3.603777% 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 1 0 0 0 1 118,400.00 0.00 0.00 0.00 118,400.00 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 1 118,400.00 0.00 0.00 0.00 118,400.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.877193% 0.000000% 0.000000% 0.000000% 0.877193% 0.364159% 0.000000% 0.000000% 0.000000% 0.364159% 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 0.877193% 0.000000% 0.000000% 0.000000% 0.877193% 0.364159% 0.000000% 0.000000% 0.000000% 0.364159%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 20,078.36
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.957972% Weighted Average Net Coupon 3.798045% Weighted Average Pass-Through Rate 3.566607% Weighted Average Maturity(Stepdown Calculation ) 335 Beginning Scheduled Collateral Loan Count 2,119 Number Of Loans Paid In Full 26 Ending Scheduled Collateral Loan Count 2,093 Beginning Scheduled Collateral Balance 560,219,109.58 Ending Scheduled Collateral Balance 551,562,764.36 Ending Actual Collateral Balance at 30-Sep-2004 551,564,126.03 Monthly P &I Constant 1,849,661.19 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 551,562,764.36 Scheduled Principal 1,885.08 Unscheduled Principal 8,654,460.14
Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.848973 4.215631 4.666261 Weighted Average Net Rate 3.685008 4.152185 4.291261 Weighted Average Maturity 332 332 352 Beginning Loan Count 1,590 413 116 Loans Paid In Full 22 2 2 Ending Loan Count 1,568 411 114 Beginning Scheduled Balance 434,574,864.27 92,369,305.71 33,274,939.60 Ending scheduled Balance 427,158,706.69 91,892,252.57 32,511,805.10 Record Date 09/30/2004 09/30/2004 09/30/2004 Principal And Interest Constant 1,394,319.68 324,495.75 130,845.76 Scheduled Principal 430.61 0.00 1,454.47 Unscheduled Principal 7,415,726.97 477,053.14 761,680.03 Scheduled Interest 1,393,889.07 324,495.75 129,391.29 Servicing Fees 59,379.27 4,883.75 10,398.41 Master Servicing Fees 905.38 192.44 69.32 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 82,756.04 24,123.84 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 1,250,848.38 295,295.72 118,923.56 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 3.453992 3.836284 4.288761
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 3.957972 Weighted Average Net Rate 3.798045 Weighted Average Maturity 335 Beginning Loan Count 2,119 Loans Paid In Full 26 Ending Loan Count 2,093 Beginning Scheduled Balance 560,219,109.58 Ending scheduled Balance 551,562,764.36 Record Date 09/30/2004 Principal And Interest Constant 1,849,661.19 Scheduled Principal 1,885.08 Unscheduled Principal 8,654,460.14 Scheduled Interest 1,847,776.11 Servicing Fees 74,661.43 Master Servicing Fees 1,167.14 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 106,879.88 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,665,067.66 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 3.566607
Miscellaneous Reporting Group Group I Avearge Loss Severity % Group I 0.000000% Group I Senior Percentage 90.401895% Group I Senior Prepayment Percentage 100.000000% Group I Sen Mez & Sub Percentage 9.598105% Group I Sen Mez & Sub Prep Percentage 0.000000% Group Group II Avearge Loss Severity % Group II 0.000000% Group II Senior Percentage 90.398757% Group II Senior Prepayment Percentage 100.000000% Group II Sen Mez & Sub Percentage 9.601243% Group II Sen Mez & Sub Prep Percentage 0.000000% Group Group III Avearge Loss Severity % Group III 0.000000% Group III Senior Percentage 89.170741% Group III Senior Prepayment Percentage 100.000000% Group III Sen Mez & Sub Percentage 10.829259% Group III Sen Mez & Sub Prep Percentage 0.000000%
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