-----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, N5QGnrzhMHBZsWokXxoNotJOpBHKGKjFQA4cBZMkSVJsRj1/HE28LDvW8SZ3ikqD cb7jO1yutXt0G+894NOU8Q== 0001056404-04-002593.txt : 20040804 0001056404-04-002593.hdr.sgml : 20040804 20040804171339 ACCESSION NUMBER: 0001056404-04-002593 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2004-3 CENTRAL INDEX KEY: 0001292117 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: 333-115122-01 FILM NUMBER: 04952411 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 bst04003_jul.txt JULY 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): July 26, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2004-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115122-01 54-2154040 Pooling and Servicing Agreement) (Commission 54-2154041 (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) ITEM 5. Other Events On July 26, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2004-3 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 2004-3 Trust, relating to the July 26, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2004-3 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: 8/3/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-3 Trust, relating to the July 26, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 6/30/2004 Distribution Date: 7/26/2004 BST Series: 2004-3 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-1 07384MQ70 SEN 3.98415% 199,640,444.44 662,831.38 4,337,452.03 I-A-2 07384MR87 SEN 3.98415% 147,778,766.93 490,644.09 3,210,688.67 I-A-3 07384MR95 SEN 3.98415% 9,683,942.60 32,151.91 210,396.43 II-A 07384MQ88 SEN 4.34414% 612,271,367.09 2,216,493.18 2,712,430.32 III-A 07384MQ96 SEN 4.13903% 196,282,844.48 677,016.93 564,347.13 IV-A 07384MR20 SEN 4.93773% 273,354,809.07 1,124,792.51 1,071,875.10 R-I 07384MR38 RES 3.99602% 0.00 0.00 0.00 R-II 07384MR46 RES 3.99602% 0.00 0.00 0.00 B-1 07384MR53 SUB 4.33874% 18,827,187.54 68,071.83 7,982.38 B-2 07384MR61 SUB 4.33874% 14,308,686.52 51,734.68 6,066.62 B-3 07384MR79 SUB 4.33874% 10,543,169.04 38,120.02 4,470.11 B-4 07384MS37 SUB 4.33874% 8,284,018.49 29,951.81 3,512.27 B-5 07384MS45 SUB 4.33874% 3,765,417.52 13,614.29 1,596.47 B-6 07384MS52 SUB 4.33874% 2,259,773.29 8,170.47 958.10 Totals 1,497,000,427.01 5,413,593.10 12,131,775.63
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 195,302,992.41 5,000,283.41 0.00 I-A-2 0.00 144,568,078.26 3,701,332.76 0.00 I-A-3 0.00 9,473,546.17 242,548.34 0.00 II-A 0.00 609,558,936.77 4,928,923.50 0.00 III-A 0.00 195,718,497.35 1,241,364.06 0.00 IV-A 0.00 272,282,933.97 2,196,667.61 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 18,819,205.16 76,054.21 0.00 B-2 0.00 14,302,619.90 57,801.30 0.00 B-3 0.00 10,538,698.94 42,590.13 0.00 B-4 0.00 8,280,506.22 33,464.08 0.00 B-5 0.00 3,763,821.05 15,210.76 0.00 B-6 0.00 2,258,815.19 9,128.57 0.00 Totals 0.00 1,484,868,651.39 17,545,368.73 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-1 202,641,200.00 199,640,444.44 79,116.27 4,258,335.76 0.00 0.00 I-A-2 150,000,000.00 147,778,766.93 58,563.81 3,152,124.86 0.00 0.00 I-A-3 9,829,500.00 9,683,942.60 3,837.69 206,558.74 0.00 0.00 II-A 615,389,500.00 612,271,367.09 242,358.64 2,470,071.68 0.00 0.00 III-A 196,437,800.00 196,282,844.48 116,916.62 447,430.51 0.00 0.00 IV-A 274,502,500.00 273,354,809.07 109,564.90 962,310.20 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 B-1 18,835,100.00 18,827,187.54 7,982.38 0.00 0.00 0.00 B-2 14,314,700.00 14,308,686.52 6,066.62 0.00 0.00 0.00 B-3 10,547,600.00 10,543,169.04 4,470.11 0.00 0.00 0.00 B-4 8,287,500.00 8,284,018.49 3,512.27 0.00 0.00 0.00 B-5 3,767,000.00 3,765,417.52 1,596.47 0.00 0.00 0.00 B-6 2,260,723.00 2,259,773.29 958.10 0.00 0.00 0.00 Totals 1,506,813,223.00 1,497,000,427.01 634,943.88 11,496,831.75 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 4,337,452.03 195,302,992.41 0.96378719 4,337,452.03 I-A-2 3,210,688.67 144,568,078.26 0.96378719 3,210,688.67 I-A-3 210,396.43 9,473,546.17 0.96378719 210,396.43 II-A 2,712,430.32 609,558,936.77 0.99052541 2,712,430.32 III-A 564,347.13 195,718,497.35 0.99633827 564,347.13 IV-A 1,071,875.10 272,282,933.97 0.99191422 1,071,875.10 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 7,982.38 18,819,205.16 0.99915611 7,982.38 B-2 6,066.62 14,302,619.90 0.99915611 6,066.62 B-3 4,470.11 10,538,698.94 0.99915611 4,470.11 B-4 3,512.27 8,280,506.22 0.99915610 3,512.27 B-5 1,596.47 3,763,821.05 0.99915611 1,596.47 B-6 958.10 2,258,815.19 0.99915611 958.10 Totals 12,131,775.63 1,484,868,651.39 0.98543644 12,131,775.63
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 202,641,200.00 985.19177956 0.39042539 21.01416573 0.00000000 I-A-2 150,000,000.00 985.19177953 0.39042540 21.01416573 0.00000000 I-A-3 9,829,500.00 985.19177985 0.39042576 21.01416552 0.00000000 II-A 615,389,500.00 994.93307424 0.39382966 4.01383462 0.00000000 III-A 196,437,800.00 999.21117260 0.59518392 2.27772104 0.00000000 IV-A 274,502,500.00 995.81901465 0.39913990 3.50565186 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 B-1 18,835,100.00 999.57990879 0.42380343 0.00000000 0.00000000 B-2 14,314,700.00 999.57990877 0.42380350 0.00000000 0.00000000 B-3 10,547,600.00 999.57990823 0.42380352 0.00000000 0.00000000 B-4 8,287,500.00 999.57990830 0.42380332 0.00000000 0.00000000 B-5 3,767,000.00 999.57990974 0.42380409 0.00000000 0.00000000 B-6 2,260,723.00 999.57990873 0.42380247 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 I-A-1 0.00000000 21.40459112 963.78718844 0.96378719 21.40459112 I-A-2 0.00000000 21.40459113 963.78718840 0.96378719 21.40459113 I-A-3 0.00000000 21.40459128 963.78718857 0.96378719 21.40459128 II-A 0.00000000 4.40766428 990.52540996 0.99052541 4.40766428 III-A 0.00000000 2.87290496 996.33826763 0.99633827 2.87290496 IV-A 0.00000000 3.90479176 991.91422289 0.99191422 3.90479176 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.42380343 999.15610536 0.99915611 0.42380343 B-2 0.00000000 0.42380350 999.15610526 0.99915611 0.42380350 B-3 0.00000000 0.42380352 999.15610565 0.99915611 0.42380352 B-4 0.00000000 0.42380332 999.15610498 0.99915610 0.42380332 B-5 0.00000000 0.42380409 999.15610565 0.99915611 0.42380409 B-6 0.00000000 0.42380247 999.15610625 0.99915611 0.42380247 (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-1 202,641,200.00 3.98415% 199,640,444.44 662,831.38 0.00 0.00 I-A-2 150,000,000.00 3.98415% 147,778,766.93 490,644.09 0.00 0.00 I-A-3 9,829,500.00 3.98415% 9,683,942.60 32,151.91 0.00 0.00 II-A 615,389,500.00 4.34414% 612,271,367.09 2,216,493.17 0.00 0.00 III-A 196,437,800.00 4.13903% 196,282,844.48 677,016.93 0.00 0.00 IV-A 274,502,500.00 4.93773% 273,354,809.07 1,124,792.51 0.00 0.00 R-I 50.00 3.99602% 0.00 0.00 0.00 0.00 R-II 50.00 3.99602% 0.00 0.00 0.00 0.00 B-1 18,835,100.00 4.33874% 18,827,187.54 68,071.83 0.00 0.00 B-2 14,314,700.00 4.33874% 14,308,686.52 51,734.68 0.00 0.00 B-3 10,547,600.00 4.33874% 10,543,169.04 38,120.02 0.00 0.00 B-4 8,287,500.00 4.33874% 8,284,018.49 29,951.81 0.00 0.00 B-5 3,767,000.00 4.33874% 3,765,417.52 13,614.29 0.00 0.00 B-6 2,260,723.00 4.33874% 2,259,773.29 8,170.47 0.00 0.00 Totals 1,506,813,223.00 5,413,593.09 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-1 0.00 0.00 662,831.38 0.00 195,302,992.41 I-A-2 0.00 0.00 490,644.09 0.00 144,568,078.26 I-A-3 0.00 0.00 32,151.91 0.00 9,473,546.17 II-A (0.01) 0.00 2,216,493.18 0.00 609,558,936.77 III-A 0.00 0.00 677,016.93 0.00 195,718,497.35 IV-A (0.01) 0.00 1,124,792.51 0.00 272,282,933.97 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 68,071.83 0.00 18,819,205.16 B-2 0.00 0.00 51,734.68 0.00 14,302,619.90 B-3 0.00 0.00 38,120.02 0.00 10,538,698.94 B-4 0.00 0.00 29,951.81 0.00 8,280,506.22 B-5 0.00 0.00 13,614.29 0.00 3,763,821.05 B-6 0.00 0.00 8,170.47 0.00 2,258,815.19 Totals (0.02) 0.00 5,413,593.10 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-1 202,641,200.00 3.98415% 985.19177956 3.27096059 0.00000000 0.00000000 I-A-2 150,000,000.00 3.98415% 985.19177953 3.27096060 0.00000000 0.00000000 I-A-3 9,829,500.00 3.98415% 985.19177985 3.27096088 0.00000000 0.00000000 II-A 615,389,500.00 4.34414% 994.93307424 3.60177281 0.00000000 0.00000000 III-A 196,437,800.00 4.13903% 999.21117260 3.44646972 0.00000000 0.00000000 IV-A 274,502,500.00 4.93773% 995.81901465 4.09756745 0.00000000 0.00000000 R-I 50.00 3.99602% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.99602% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 18,835,100.00 4.33874% 999.57990879 3.61409443 0.00000000 0.00000000 B-2 14,314,700.00 4.33874% 999.57990877 3.61409460 0.00000000 0.00000000 B-3 10,547,600.00 4.33874% 999.57990823 3.61409420 0.00000000 0.00000000 B-4 8,287,500.00 4.33874% 999.57990830 3.61409472 0.00000000 0.00000000 B-5 3,767,000.00 4.33874% 999.57990974 3.61409344 0.00000000 0.00000000 B-6 2,260,723.00 4.33874% 999.57990873 3.61409602 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 I-A-1 0.00000000 0.00000000 3.27096059 0.00000000 963.78718844 I-A-2 0.00000000 0.00000000 3.27096060 0.00000000 963.78718840 I-A-3 0.00000000 0.00000000 3.27096088 0.00000000 963.78718857 II-A (0.00000002) 0.00000000 3.60177283 0.00000000 990.52540996 III-A 0.00000000 0.00000000 3.44646972 0.00000000 996.33826763 IV-A (0.00000004) 0.00000000 4.09756745 0.00000000 991.91422289 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.61409443 0.00000000 999.15610536 B-2 0.00000000 0.00000000 3.61409460 0.00000000 999.15610526 B-3 0.00000000 0.00000000 3.61409420 0.00000000 999.15610565 B-4 0.00000000 0.00000000 3.61409472 0.00000000 999.15610498 B-5 0.00000000 0.00000000 3.61409344 0.00000000 999.15610565 B-6 0.00000000 0.00000000 3.61409602 0.00000000 999.15610625 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 17,967,603.34 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 77,630.75 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 18,045,234.09 Withdrawals Reimbursement for Servicer Advances 22,255.50 Payment of Service Fee 477,609.86 Payment of Interest and Principal 17,545,368.73 Total Withdrawals (Pool Distribution Amount) 18,045,234.09 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 462,307.18 Additional Servicing Fee 11,890.33 Miscellaneous Fee 3,412.35 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 477,609.86
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 33 0 0 0 33 18,790,927.77 0.00 0.00 0.00 18,790,927.77 60 Days 2 0 0 0 2 857,000.00 0.00 0.00 0.00 857,000.00 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 1 0 1 0.00 0.00 112,000.00 0.00 112,000.00 Totals 35 0 1 0 36 19,647,927.77 0.00 112,000.00 0.00 19,759,927.77 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 1.155058% 0.000000% 0.000000% 0.000000% 1.155058% 1.265105% 0.000000% 0.000000% 0.000000% 1.265105% 60 Days 0.070004% 0.000000% 0.000000% 0.000000% 0.070004% 0.057698% 0.000000% 0.000000% 0.000000% 0.057698% 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% 0.035002% 0.000000% 0.035002% 0.000000% 0.000000% 0.007540% 0.000000% 0.007540% Totals 1.225061% 0.000000% 0.035002% 0.000000% 1.260063% 1.322803% 0.000000% 0.007540% 0.000000% 1.330343%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 8 0 0 0 8 5,150,328.75 0.00 0.00 0.00 5,150,328.75 60 Days 1 0 0 0 1 232,000.00 0.00 0.00 0.00 232,000.00 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 9 0 0 0 9 5,382,328.75 0.00 0.00 0.00 5,382,328.75 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.146132% 0.000000% 0.000000% 0.000000% 1.146132% 1.415104% 0.000000% 0.000000% 0.000000% 1.415104% 60 Days 0.143266% 0.000000% 0.000000% 0.000000% 0.143266% 0.063744% 0.000000% 0.000000% 0.000000% 0.063744% 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 1.289398% 0.000000% 0.000000% 0.000000% 1.289398% 1.478848% 0.000000% 0.000000% 0.000000% 1.478848% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 19 0 0 0 19 10,341,966.75 0.00 0.00 0.00 10,341,966.75 60 Days 1 0 0 0 1 625,000.00 0.00 0.00 0.00 625,000.00 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 20 0 0 0 20 10,966,966.75 0.00 0.00 0.00 10,966,966.75 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.513944% 0.000000% 0.000000% 0.000000% 1.513944% 1.630301% 0.000000% 0.000000% 0.000000% 1.630301% 60 Days 0.079681% 0.000000% 0.000000% 0.000000% 0.079681% 0.098525% 0.000000% 0.000000% 0.000000% 0.098525% 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 1.593625% 0.000000% 0.000000% 0.000000% 1.593625% 1.728826% 0.000000% 0.000000% 0.000000% 1.728826% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 1 489,892.87 0.00 0.00 0.00 489,892.87 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 1 0 1 0.00 0.00 112,000.00 0.00 112,000.00 Totals 1 0 1 0 2 489,892.87 0.00 112,000.00 0.00 601,892.87 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.255754% 0.000000% 0.000000% 0.000000% 0.255754% 0.240542% 0.000000% 0.000000% 0.000000% 0.240542% 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% 0.255754% 0.000000% 0.255754% 0.000000% 0.000000% 0.054993% 0.000000% 0.054993% Totals 0.255754% 0.000000% 0.255754% 0.000000% 0.511509% 0.240542% 0.000000% 0.054993% 0.000000% 0.295535% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 5 0 0 0 5 2,808,739.40 0.00 0.00 0.00 2,808,739.40 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 5 0 0 0 5 2,808,739.40 0.00 0.00 0.00 2,808,739.40 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.974659% 0.000000% 0.000000% 0.000000% 0.974659% 0.991263% 0.000000% 0.000000% 0.000000% 0.991263% 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 0.974659% 0.000000% 0.000000% 0.000000% 0.974659% 0.991263% 0.000000% 0.000000% 0.000000% 0.991263%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 77,630.75
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.722406% Weighted Average Net Coupon 4.351819% Weighted Average Pass-Through Rate 4.339552% Weighted Average Maturity(Stepdown Calculation ) 358 Beginning Scheduled Collateral Loan Count 2,877 Number Of Loans Paid In Full 20 Ending Scheduled Collateral Loan Count 2,857 Beginning Scheduled Collateral Balance 1,497,000,427.89 Ending Scheduled Collateral Balance 1,484,868,652.28 Ending Actual Collateral Balance at 30-Jun-2004 1,485,325,337.30 Monthly P &I Constant 6,526,146.84 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 1,484,868,652.28 Scheduled Principal 634,943.86 Unscheduled Principal 11,496,831.75
Miscellaneous Reporting Avearge Loss Severity % Group I 0.000000% Avearge Loss Severity % Group II 0.000000% Avearge Loss Severity % Group III 0.000000% Avearge Loss Severity % Group IV 0.000000% Senior Percentage Group I 96.095861% Senior Percentage Group II 96.132596% Senior Percentage Group III 96.149232% Senior Percentage Group IV 96.135912% Senior Prep. Percentage Group I 100.000000% Senior Prep. Percentage Group II 100.000000% Senior Prep. Percentage Group III 100.000000% Senior Prep. Percentage Group IV 100.000000% Subordinate Percentage Group I 3.904139% Subordinate Percentage Group II 3.867404% Subordinate Percentage Group III 3.850768% Subordinate Percentage Group IV 3.864088% Subordinate Prep. Percentage Group I 0.000000% Subordinate Prep. Percentage Group II 0.000000% Subordinate Prep. Percentage Group III 0.000000% Subordinate Prep. Percentage Group IV 0.000000%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.244191 4.799899 4.702044 Weighted Average Net Rate 4.000489 4.361724 4.143389 Weighted Average Maturity 358 357 358 Beginning Loan Count 713 1,258 392 Loans Paid In Full 15 3 1 Ending Loan Count 698 1,255 391 Beginning Scheduled Balance 371,611,397.93 636,903,012.96 204,143,965.83 Ending scheduled Balance 363,847,111.28 634,180,832.58 203,574,936.20 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 1,461,592.08 2,799,667.14 921,510.76 Scheduled Principal 147,267.29 252,108.70 121,599.12 Unscheduled Principal 7,617,019.36 2,470,071.68 447,430.51 Scheduled Interest 1,314,324.79 2,547,558.44 799,911.64 Servicing Fees 75,468.63 232,562.25 95,038.37 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 5,059.59 9,333.57 741.83 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 1,233,796.57 2,305,662.62 704,131.44 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 3.984151 4.344139 4.139029
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.188433 4.722406 Weighted Average Net Rate 4.938433 4.351819 Weighted Average Maturity 358 358 Beginning Loan Count 514 2,877 Loans Paid In Full 1 20 Ending Loan Count 513 2,857 Beginning Scheduled Balance 284,342,051.17 1,497,000,427.89 Ending scheduled Balance 283,265,772.22 1,484,868,652.28 Record Date 06/30/2004 06/30/2004 Principal And Interest Constant 1,343,376.86 6,526,146.84 Scheduled Principal 113,968.75 634,943.86 Unscheduled Principal 962,310.20 11,496,831.75 Scheduled Interest 1,229,408.11 5,891,202.98 Servicing Fees 59,237.93 462,307.18 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 167.69 15,302.68 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 1,170,002.49 5,413,593.12 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 4.937725 4.339552
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