-----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, VsPhFDTRzHt92eup1qwlWVOpado7c1Uh+T3mH/biMKhXIeYUPCL6L0fdInxdX5/5 hU8094wmgcSRUF78X0oq5A== 0001056404-05-000229.txt : 20050105 0001056404-05-000229.hdr.sgml : 20050105 20050105085321 ACCESSION NUMBER: 0001056404-05-000229 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041227 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050105 DATE AS OF CHANGE: 20050105 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] IRS NUMBER: 000000000 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: 05510460 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_dec.txt DECEMBER 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): December 27, 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 Pooling and Servicing Agreement) (Commission 54-2154040 (State or other File Number) 54-2154041 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 December 27, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2004-3 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 2004-3 Trust, relating to the December 27, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2004-3 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: 12/30/2004 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 December 27, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Bear Stearns ARM Trust Mortgage Pass-Through Certificates 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 3.94503% 177,838,025.38 584,623.09 4,589,387.83 I-A-2 07384MR87 SEN 3.94503% 131,640,080.14 432,752.39 3,397,177.74 I-A-3 07384MR95 SEN 3.94503% 8,626,374.45 28,358.26 222,617.06 II-A 07384MQ88 SEN 4.33413% 582,952,440.91 2,105,405.10 11,289,800.53 III-A 07384MQ96 SEN 4.13343% 192,935,413.59 664,543.46 1,020,703.76 IV-A 07384MR20 SEN 4.93251% 267,800,350.89 1,100,729.35 1,521,697.37 R-I 07384MR38 RES 3.99735% 0.00 0.00 0.00 R-II 07384MR46 RES 3.99735% 0.00 0.00 0.00 B-1 07384MR53 SUB 4.32297% 18,786,655.44 67,675.77 8,292.69 B-2 07384MR61 SUB 4.32297% 14,277,882.07 51,433.67 6,302.45 B-3 07384MR79 SUB 4.32297% 10,520,471.19 37,898.23 4,643.88 B-4 07384MS37 SUB 4.32297% 8,266,184.25 29,777.54 3,648.81 B-5 07384MS45 SUB 4.32297% 3,757,311.14 13,535.08 1,658.53 B-6 07384MS52 SUB 4.32297% 2,254,908.34 8,122.93 995.35 Totals 1,419,656,097.79 5,124,854.87 22,066,926.00
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 173,248,637.56 5,174,010.92 0.00 I-A-2 0.00 128,242,902.40 3,829,930.13 0.00 I-A-3 0.00 8,403,757.39 250,975.32 0.00 II-A 0.00 571,662,640.38 13,395,205.63 0.00 III-A 0.00 191,914,709.84 1,685,247.22 0.00 IV-A 0.00 266,278,653.52 2,622,426.72 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 18,778,362.75 75,968.46 0.00 B-2 0.00 14,271,579.62 57,736.12 0.00 B-3 0.00 10,515,827.31 42,542.11 0.00 B-4 0.00 8,262,535.44 33,426.35 0.00 B-5 0.00 3,755,652.61 15,193.61 0.00 B-6 0.00 2,253,912.99 9,118.28 0.00 Totals 0.00 1,397,589,171.81 27,191,780.87 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-1 202,641,200.00 177,838,025.38 73,473.40 4,515,914.43 0.00 0.00 I-A-2 150,000,000.00 131,640,080.14 54,386.82 3,342,790.92 0.00 0.00 I-A-3 9,829,500.00 8,626,374.45 3,563.97 219,053.09 0.00 0.00 II-A 615,389,500.00 582,952,440.91 242,007.48 11,047,793.05 0.00 0.00 III-A 196,437,800.00 192,935,413.59 118,336.95 902,366.81 0.00 0.00 IV-A 274,502,500.00 267,800,350.89 111,068.85 1,410,628.52 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 18,786,655.44 8,292.69 0.00 0.00 0.00 B-2 14,314,700.00 14,277,882.07 6,302.45 0.00 0.00 0.00 B-3 10,547,600.00 10,520,471.19 4,643.88 0.00 0.00 0.00 B-4 8,287,500.00 8,266,184.25 3,648.81 0.00 0.00 0.00 B-5 3,767,000.00 3,757,311.14 1,658.53 0.00 0.00 0.00 B-6 2,260,723.00 2,254,908.34 995.35 0.00 0.00 0.00 Totals 1,506,813,223.00 1,419,656,097.79 628,379.18 21,438,546.82 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 4,589,387.83 173,248,637.56 0.85495268 4,589,387.83 I-A-2 3,397,177.74 128,242,902.40 0.85495268 3,397,177.74 I-A-3 222,617.06 8,403,757.39 0.85495268 222,617.06 II-A 11,289,800.53 571,662,640.38 0.92894442 11,289,800.53 III-A 1,020,703.76 191,914,709.84 0.97697444 1,020,703.76 IV-A 1,521,697.37 266,278,653.52 0.97004090 1,521,697.37 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 8,292.69 18,778,362.75 0.99698769 8,292.69 B-2 6,302.45 14,271,579.62 0.99698769 6,302.45 B-3 4,643.88 10,515,827.31 0.99698769 4,643.88 B-4 3,648.81 8,262,535.44 0.99698769 3,648.81 B-5 1,658.53 3,755,652.61 0.99698769 1,658.53 B-6 995.35 2,253,912.99 0.99698768 995.35 Totals 22,066,926.00 1,397,589,171.81 0.92751321 22,066,926.00
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 202,641,200.00 877.60053424 0.36257878 22.28527284 0.00000000 I-A-2 150,000,000.00 877.60053427 0.36257880 22.28527280 0.00000000 I-A-3 9,829,500.00 877.60053411 0.36257897 22.28527290 0.00000000 II-A 615,389,500.00 947.29019736 0.39325903 17.95252121 0.00000000 III-A 196,437,800.00 982.17050685 0.60241435 4.59365158 0.00000000 IV-A 274,502,500.00 975.58437861 0.40461872 5.13885491 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 18,835,100.00 997.42796375 0.44027852 0.00000000 0.00000000 B-2 14,314,700.00 997.42796356 0.44027818 0.00000000 0.00000000 B-3 10,547,600.00 997.42796371 0.44027836 0.00000000 0.00000000 B-4 8,287,500.00 997.42796380 0.44027873 0.00000000 0.00000000 B-5 3,767,000.00 997.42796390 0.44027874 0.00000000 0.00000000 B-6 2,260,723.00 997.42796442 0.44027950 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 22.64785162 854.95268267 0.85495268 22.64785162 I-A-2 0.00000000 22.64785160 854.95268267 0.85495268 22.64785160 I-A-3 0.00000000 22.64785187 854.95268223 0.85495268 22.64785187 II-A 0.00000000 18.34578024 928.94441712 0.92894442 18.34578024 III-A 0.00000000 5.19606593 976.97444097 0.97697444 5.19606593 IV-A 0.00000000 5.54347363 970.04090498 0.97004090 5.54347363 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 0.44027852 996.98768523 0.99698769 0.44027852 B-2 0.00000000 0.44027818 996.98768539 0.99698769 0.44027818 B-3 0.00000000 0.44027836 996.98768535 0.99698769 0.44027836 B-4 0.00000000 0.44027873 996.98768507 0.99698769 0.44027873 B-5 0.00000000 0.44027874 996.98768516 0.99698769 0.44027874 B-6 0.00000000 0.44027950 996.98768491 0.99698768 0.44027950 (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 3.94503% 177,838,025.38 584,646.86 0.00 0.00 I-A-2 150,000,000.00 3.94503% 131,640,080.14 432,769.99 0.00 0.00 I-A-3 9,829,500.00 3.94503% 8,626,374.45 28,359.42 0.00 0.00 II-A 615,389,500.00 4.33413% 582,952,440.91 2,105,490.71 0.00 0.00 III-A 196,437,800.00 4.13343% 192,935,413.59 664,570.48 0.00 0.00 IV-A 274,502,500.00 4.93251% 267,800,350.89 1,100,774.11 0.00 0.00 R-I 50.00 3.99735% 0.00 0.00 0.00 0.00 R-II 50.00 3.99735% 0.00 0.00 0.00 0.00 B-1 18,835,100.00 4.32297% 18,786,655.44 67,678.52 0.00 0.00 B-2 14,314,700.00 4.32297% 14,277,882.07 51,435.76 0.00 0.00 B-3 10,547,600.00 4.32297% 10,520,471.19 37,899.77 0.00 0.00 B-4 8,287,500.00 4.32297% 8,266,184.25 29,778.75 0.00 0.00 B-5 3,767,000.00 4.32297% 3,757,311.14 13,535.63 0.00 0.00 B-6 2,260,723.00 4.32297% 2,254,908.34 8,123.26 0.00 0.00 Totals 1,506,813,223.00 5,125,063.26 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 23.77 0.00 584,623.09 0.00 173,248,637.56 I-A-2 17.60 0.00 432,752.39 0.00 128,242,902.40 I-A-3 1.15 0.00 28,358.26 0.00 8,403,757.39 II-A 85.61 0.00 2,105,405.10 0.00 571,662,640.38 III-A 27.02 0.00 664,543.46 0.00 191,914,709.84 IV-A 44.76 0.00 1,100,729.35 0.00 266,278,653.52 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 2.75 0.00 67,675.77 0.00 18,778,362.75 B-2 2.09 0.00 51,433.67 0.00 14,271,579.62 B-3 1.54 0.00 37,898.23 0.00 10,515,827.31 B-4 1.21 0.00 29,777.54 0.00 8,262,535.44 B-5 0.55 0.00 13,535.08 0.00 3,755,652.61 B-6 0.33 0.00 8,122.93 0.00 2,253,912.99 Totals 208.38 0.00 5,124,854.87 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 3.94503% 877.60053424 2.88513323 0.00000000 0.00000000 I-A-2 150,000,000.00 3.94503% 877.60053427 2.88513327 0.00000000 0.00000000 I-A-3 9,829,500.00 3.94503% 877.60053411 2.88513353 0.00000000 0.00000000 II-A 615,389,500.00 4.33413% 947.29019736 3.42139525 0.00000000 0.00000000 III-A 196,437,800.00 4.13343% 982.17050685 3.38310895 0.00000000 0.00000000 IV-A 274,502,500.00 4.93251% 975.58437861 4.01006953 0.00000000 0.00000000 R-I 50.00 3.99735% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.99735% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 18,835,100.00 4.32297% 997.42796375 3.59321267 0.00000000 0.00000000 B-2 14,314,700.00 4.32297% 997.42796356 3.59321257 0.00000000 0.00000000 B-3 10,547,600.00 4.32297% 997.42796371 3.59321267 0.00000000 0.00000000 B-4 8,287,500.00 4.32297% 997.42796380 3.59321267 0.00000000 0.00000000 B-5 3,767,000.00 4.32297% 997.42796390 3.59321211 0.00000000 0.00000000 B-6 2,260,723.00 4.32297% 997.42796442 3.59321332 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 0.00011730 0.00000000 2.88501593 0.00000000 854.95268267 I-A-2 0.00011733 0.00000000 2.88501593 0.00000000 854.95268267 I-A-3 0.00011699 0.00000000 2.88501551 0.00000000 854.95268223 II-A 0.00013912 0.00000000 3.42125613 0.00000000 928.94441712 III-A 0.00013755 0.00000000 3.38297140 0.00000000 976.97444097 IV-A 0.00016306 0.00000000 4.00990647 0.00000000 970.04090498 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 0.00014600 0.00000000 3.59306667 0.00000000 996.98768523 B-2 0.00014600 0.00000000 3.59306657 0.00000000 996.98768539 B-3 0.00014600 0.00000000 3.59306667 0.00000000 996.98768535 B-4 0.00014600 0.00000000 3.59306667 0.00000000 996.98768507 B-5 0.00014600 0.00000000 3.59306610 0.00000000 996.98768516 B-6 0.00014597 0.00000000 3.59306735 0.00000000 996.98768491 (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 27,653,020.78 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 92,379.58 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 27,745,400.36 Withdrawals Reimbursement for Servicer Advances 96,936.11 Payment of Service Fee 456,683.40 Payment of Interest and Principal 27,191,780.85 Total Withdrawals (Pool Distribution Amount) 27,745,400.36 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 208.38
SERVICING FEES Gross Servicing Fee 442,495.67 Additional Servicing Fee 10,783.60 Miscellaneous Fee 3,404.13 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 456,683.40
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 18,972,060.64 0.00 0.00 0.00 18,972,060.64 60 Days 5 0 0 0 5 2,805,399.63 0.00 0.00 0.00 2,805,399.63 90 Days 1 0 0 0 1 488,000.00 0.00 0.00 0.00 488,000.00 120 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 39 0 0 0 39 22,265,460.27 0.00 0.00 0.00 22,265,460.27 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 1.223582% 0.000000% 0.000000% 0.000000% 1.223582% 1.357025% 0.000000% 0.000000% 0.000000% 1.357025% 60 Days 0.185391% 0.000000% 0.000000% 0.000000% 0.185391% 0.200663% 0.000000% 0.000000% 0.000000% 0.200663% 90 Days 0.037078% 0.000000% 0.000000% 0.000000% 0.037078% 0.034905% 0.000000% 0.000000% 0.000000% 0.034905% 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 1.446051% 0.000000% 0.000000% 0.000000% 1.446051% 1.592593% 0.000000% 0.000000% 0.000000% 1.592593%
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 6 0 0 0 6 3,119,124.04 0.00 0.00 0.00 3,119,124.04 60 Days 2 0 0 0 2 569,399.63 0.00 0.00 0.00 569,399.63 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 8 0 0 0 8 3,688,523.67 0.00 0.00 0.00 3,688,523.67 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.961538% 0.000000% 0.000000% 0.000000% 0.961538% 0.961285% 0.000000% 0.000000% 0.000000% 0.961285% 60 Days 0.320513% 0.000000% 0.000000% 0.000000% 0.320513% 0.175484% 0.000000% 0.000000% 0.000000% 0.175484% 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 1.282051% 0.000000% 0.000000% 0.000000% 1.282051% 1.136768% 0.000000% 0.000000% 0.000000% 1.136768% 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 16 0 0 0 16 9,277,620.25 0.00 0.00 0.00 9,277,620.25 60 Days 3 0 0 0 3 2,236,000.00 0.00 0.00 0.00 2,236,000.00 90 Days 1 0 0 0 1 488,000.00 0.00 0.00 0.00 488,000.00 120 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 12,001,620.25 0.00 0.00 0.00 12,001,620.25 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.350211% 0.000000% 0.000000% 0.000000% 1.350211% 1.555558% 0.000000% 0.000000% 0.000000% 1.555558% 60 Days 0.253165% 0.000000% 0.000000% 0.000000% 0.253165% 0.374905% 0.000000% 0.000000% 0.000000% 0.374905% 90 Days 0.084388% 0.000000% 0.000000% 0.000000% 0.084388% 0.081822% 0.000000% 0.000000% 0.000000% 0.081822% 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 1.687764% 0.000000% 0.000000% 0.000000% 1.687764% 2.012285% 0.000000% 0.000000% 0.000000% 2.012285% 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 3 0 0 0 3 1,537,980.57 0.00 0.00 0.00 1,537,980.57 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 1,537,980.57 0.00 0.00 0.00 1,537,980.57 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.781250% 0.000000% 0.000000% 0.000000% 0.781250% 0.769587% 0.000000% 0.000000% 0.000000% 0.769587% 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 0.781250% 0.000000% 0.000000% 0.000000% 0.781250% 0.769587% 0.000000% 0.000000% 0.000000% 0.769587% 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 8 0 0 0 8 5,037,335.78 0.00 0.00 0.00 5,037,335.78 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 8 0 0 0 8 5,037,335.78 0.00 0.00 0.00 5,037,335.78 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.587302% 0.000000% 0.000000% 0.000000% 1.587302% 1.816396% 0.000000% 0.000000% 0.000000% 1.816396% 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 1.587302% 0.000000% 0.000000% 0.000000% 1.587302% 1.816396% 0.000000% 0.000000% 0.000000% 1.816396%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 92,379.58
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.718112% Weighted Average Net Coupon 4.344081% Weighted Average Pass-Through Rate 4.332089% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 2,740 Number Of Loans Paid In Full 43 Ending Scheduled Collateral Loan Count 2,697 Beginning Scheduled Collateral Balance 1,419,656,098.68 Ending Scheduled Collateral Balance 1,397,589,172.70 Ending Actual Collateral Balance at 30-Nov-2004 1,398,063,007.97 Monthly P &I Constant 6,210,125.81 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 1,397,589,172.70 Scheduled Principal 628,379.16 Unscheduled Principal 21,438,546.82
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 95.646576% Senior Percentage Group II 95.953789% Senior Percentage Group III 96.096358% Senior Percentage Group IV 96.066586% 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 4.353424% Subordinate Percentage Group II 4.046211% Subordinate Percentage Group III 3.903642% Subordinate Percentage Group IV 3.933414% 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 4.205877 4.791934 4.697452 Weighted Average Net Rate 3.962355 4.350879 4.137833 Weighted Average Maturity 353 352 353 Beginning Loan Count 640 1,207 386 Loans Paid In Full 16 22 2 Ending Loan Count 624 1,185 384 Beginning Scheduled Balance 332,583,257.35 607,534,602.13 200,772,877.66 Ending scheduled Balance 324,368,092.86 596,234,596.55 199,747,366.80 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,303,076.18 2,678,267.04 909,078.21 Scheduled Principal 137,406.05 252,212.53 123,144.05 Unscheduled Principal 8,077,758.44 11,047,793.05 902,366.81 Scheduled Interest 1,165,670.13 2,426,054.51 785,934.16 Servicing Fees 67,492.72 223,296.50 93,630.35 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 4,801.81 8,482.18 737.00 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 1,093,375.60 2,194,275.83 691,566.81 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 3.945029 4.334125 4.133428
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.183232 4.718112 Weighted Average Net Rate 4.933232 4.344081 Weighted Average Maturity 353 353 Beginning Loan Count 507 2,740 Loans Paid In Full 3 43 Ending Loan Count 504 2,697 Beginning Scheduled Balance 278,765,361.54 1,419,656,098.68 Ending scheduled Balance 277,239,116.49 1,397,589,172.70 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 1,319,704.38 6,210,125.81 Scheduled Principal 115,616.53 628,379.16 Unscheduled Principal 1,410,628.52 21,438,546.82 Scheduled Interest 1,204,087.85 5,581,746.65 Servicing Fees 58,076.10 442,495.67 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 166.74 14,187.73 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 1,145,845.01 5,125,063.25 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 4.932514 4.332089
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