-----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, EvNEITOHbil2Qr6dBhnLz214fOs9RiMVYsgAsbwcm7CVSOTFBv1LyRMMIwKAaIZY 0Yz2fpAHlIGnUg7ewM1w8A== 0001056404-04-002956.txt : 20040903 0001056404-04-002956.hdr.sgml : 20040903 20040903140304 ACCESSION NUMBER: 0001056404-04-002956 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACE Securities Corp Series 2004-IN1 CENTRAL INDEX KEY: 0001292206 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: 333-110039-08 FILM NUMBER: 041016330 BUSINESS ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 7043650569 MAIL ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 8-K 1 ace04in1.txt AUGUST 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): August 25, 2004 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110039-08 54-2152473 Pooling and Servicing Agreement) (Commission 54-2152474 (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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust, relating to the August 25, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-IN1 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: 8/26/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust, relating to the August 25, 2004 distribution. EX-99.1
ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 7/31/04 Distribution Date: 8/25/04 ACE Series: 2004-IN1 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 A-1 004421FD0 SEN 1.77000% 202,068,860.33 298,051.57 6,680,688.35 A-2A 004421FE8 SEN 1.60000% 25,670,200.20 34,226.93 1,670,745.38 A-2B 004421FF5 SEN 1.90000% 19,326,000.00 30,599.50 0.00 M-1 004421FG3 MEZ 2.10000% 18,660,000.00 32,655.00 0.00 M-2 004421FH1 MEZ 2.70000% 13,792,000.00 31,032.00 0.00 M-3 004421FJ7 MEZ 2.95000% 4,056,000.00 9,971.00 0.00 M-4 004421FK4 MEZ 3.55000% 4,056,000.00 11,999.00 0.00 M-5 004421FL2 MEZ 3.95000% 2,434,000.00 8,011.92 0.00 M-6 004421FM0 MEZ 4.95000% 2,434,000.00 10,040.25 0.00 B 004421FN8 SUB 4.95000% 5,679,000.00 23,425.88 0.00 CE 111290490 JUN 0.00000% 7,139,368.04 1,274,549.28 0.00 P 111290482 SEN 0.00000% 100.00 137,518.68 0.00 R 111290508 SEN 0.00000% 0.00 0.00 0.00 Totals 305,315,528.57 1,902,081.01 8,351,433.73
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 195,388,171.98 6,978,739.92 0.00 A-2A 0.00 23,999,454.82 1,704,972.31 0.00 A-2B 0.00 19,326,000.00 30,599.50 0.00 M-1 0.00 18,660,000.00 32,655.00 0.00 M-2 0.00 13,792,000.00 31,032.00 0.00 M-3 0.00 4,056,000.00 9,971.00 0.00 M-4 0.00 4,056,000.00 11,999.00 0.00 M-5 0.00 2,434,000.00 8,011.92 0.00 M-6 0.00 2,434,000.00 10,040.25 0.00 B 0.00 5,679,000.00 23,425.88 0.00 CE 0.00 7,139,368.04 1,274,549.28 0.00 P 0.00 100.00 137,518.68 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 296,964,094.84 10,253,514.74 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) A-1 214,890,000.00 202,068,860.33 0.00 6,680,688.35 0.00 0.00 A-2A 32,050,000.00 25,670,200.20 0.00 1,670,745.38 0.00 0.00 A-2B 19,326,000.00 19,326,000.00 0.00 0.00 0.00 0.00 M-1 18,660,000.00 18,660,000.00 0.00 0.00 0.00 0.00 M-2 13,792,000.00 13,792,000.00 0.00 0.00 0.00 0.00 M-3 4,056,000.00 4,056,000.00 0.00 0.00 0.00 0.00 M-4 4,056,000.00 4,056,000.00 0.00 0.00 0.00 0.00 M-5 2,434,000.00 2,434,000.00 0.00 0.00 0.00 0.00 M-6 2,434,000.00 2,434,000.00 0.00 0.00 0.00 0.00 B 5,679,000.00 5,679,000.00 0.00 0.00 0.00 0.00 CE 7,139,629.00 7,139,368.04 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 324,516,729.00 305,315,528.57 0.00 8,351,433.73 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 A-1 6,680,688.35 195,388,171.98 0.90924739 6,680,688.35 A-2A 1,670,745.38 23,999,454.82 0.74881294 1,670,745.38 A-2B 0.00 19,326,000.00 1.00000000 0.00 M-1 0.00 18,660,000.00 1.00000000 0.00 M-2 0.00 13,792,000.00 1.00000000 0.00 M-3 0.00 4,056,000.00 1.00000000 0.00 M-4 0.00 4,056,000.00 1.00000000 0.00 M-5 0.00 2,434,000.00 1.00000000 0.00 M-6 0.00 2,434,000.00 1.00000000 0.00 B 0.00 5,679,000.00 1.00000000 0.00 CE 0.00 7,139,368.04 0.99996345 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 8,351,433.73 296,964,094.84 0.91509641 8,351,433.73
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 214,890,000.00 940.33626660 0.00000000 31.08887501 0.00000000 A-2A 32,050,000.00 800.94228393 0.00000000 52.12934103 0.00000000 A-2B 19,326,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 18,660,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 13,792,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 4,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 4,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 2,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 2,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 5,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 7,139,629.00 999.96344908 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 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 A-1 0.00000000 31.08887501 909.24739160 0.90924739 31.08887501 A-2A 0.00000000 52.12934103 748.81294290 0.74881294 52.12934103 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.96344908 0.99996345 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 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 A-1 214,890,000.00 1.77000% 202,068,860.33 298,051.57 0.00 0.00 A-2A 32,050,000.00 1.60000% 25,670,200.20 34,226.93 0.00 0.00 A-2B 19,326,000.00 1.90000% 19,326,000.00 30,599.50 0.00 0.00 M-1 18,660,000.00 2.10000% 18,660,000.00 32,655.00 0.00 0.00 M-2 13,792,000.00 2.70000% 13,792,000.00 31,032.00 0.00 0.00 M-3 4,056,000.00 2.95000% 4,056,000.00 9,971.00 0.00 0.00 M-4 4,056,000.00 3.55000% 4,056,000.00 11,999.00 0.00 0.00 M-5 2,434,000.00 3.95000% 2,434,000.00 8,011.92 0.00 0.00 M-6 2,434,000.00 4.95000% 2,434,000.00 10,040.25 0.00 0.00 B 5,679,000.00 4.95000% 5,679,000.00 23,425.88 0.00 0.00 CE 7,139,629.00 0.00000% 7,139,368.04 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 324,516,729.00 490,013.05 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 A-1 0.00 0.00 298,051.57 0.00 195,388,171.98 A-2A 0.00 0.00 34,226.93 0.00 23,999,454.82 A-2B 0.00 0.00 30,599.50 0.00 19,326,000.00 M-1 0.00 0.00 32,655.00 0.00 18,660,000.00 M-2 0.00 0.00 31,032.00 0.00 13,792,000.00 M-3 0.00 0.00 9,971.00 0.00 4,056,000.00 M-4 0.00 0.00 11,999.00 0.00 4,056,000.00 M-5 0.00 0.00 8,011.92 0.00 2,434,000.00 M-6 0.00 0.00 10,040.25 0.00 2,434,000.00 B 0.00 0.00 23,425.88 0.00 5,679,000.00 CE 0.00 0.00 1,274,549.28 0.00 7,139,368.04 P 0.00 0.00 137,518.68 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,902,081.01 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 A-1 214,890,000.00 1.77000% 940.33626660 1.38699600 0.00000000 0.00000000 A-2A 32,050,000.00 1.60000% 800.94228393 1.06792293 0.00000000 0.00000000 A-2B 19,326,000.00 1.90000% 1000.00000000 1.58333333 0.00000000 0.00000000 M-1 18,660,000.00 2.10000% 1000.00000000 1.75000000 0.00000000 0.00000000 M-2 13,792,000.00 2.70000% 1000.00000000 2.25000000 0.00000000 0.00000000 M-3 4,056,000.00 2.95000% 1000.00000000 2.45833333 0.00000000 0.00000000 M-4 4,056,000.00 3.55000% 1000.00000000 2.95833333 0.00000000 0.00000000 M-5 2,434,000.00 3.95000% 1000.00000000 3.29166804 0.00000000 0.00000000 M-6 2,434,000.00 4.95000% 1000.00000000 4.12500000 0.00000000 0.00000000 B 5,679,000.00 4.95000% 1000.00000000 4.12500088 0.00000000 0.00000000 CE 7,139,629.00 0.00000% 999.96344908 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 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 A-1 0.00000000 0.00000000 1.38699600 0.00000000 909.24739160 A-2A 0.00000000 0.00000000 1.06792293 0.00000000 748.81294290 A-2B 0.00000000 0.00000000 1.58333333 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.75000000 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.25000000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.45833333 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.95833333 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.29166804 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.12500000 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.12500088 0.00000000 1000.00000000 CE 0.00000000 0.00000000 178.51757843 0.00000000 999.96344908 P 0.00000000 0.00000000 1375186.80000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 10,223,754.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 56,104.73 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 137,518.68 Total Deposits 10,417,378.33 Withdrawals Reimbursement for Servicer Advances 26,471.61 Payment of Service Fee 137,391.98 Payment of Interest and Principal 10,253,514.74 Total Withdrawals (Pool Distribution Amount) 10,417,378.33 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 127,214.81 Credit Risk Manager Fee: The Murrayhill Company 3,816.41 Master Servicing Fee: Wells Fargo 6,360.76 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 137,391.98
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.64 0.64 1,000.00
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 2 0 0 2 169,867.73 0.00 0.00 169,867.73 30 Days 35 0 0 0 35 5,587,945.57 0.00 0.00 0.00 5,587,945.57 60 Days 12 0 0 0 12 2,082,397.21 0.00 0.00 0.00 2,082,397.21 90 Days 0 0 2 0 2 0.00 0.00 173,074.53 0.00 173,074.53 120 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 47 2 2 0 51 7,670,342.78 169,867.73 173,074.53 0.00 8,013,285.04 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 0.101471% 0.000000% 0.000000% 0.101471% 0.057183% 0.000000% 0.000000% 0.057183% 30 Days 1.775748% 0.000000% 0.000000% 0.000000% 1.775748% 1.881083% 0.000000% 0.000000% 0.000000% 1.881083% 60 Days 0.608828% 0.000000% 0.000000% 0.000000% 0.608828% 0.701002% 0.000000% 0.000000% 0.000000% 0.701002% 90 Days 0.000000% 0.000000% 0.101471% 0.000000% 0.101471% 0.000000% 0.000000% 0.058262% 0.000000% 0.058262% 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 2.384576% 0.101471% 0.101471% 0.000000% 2.587519% 2.582085% 0.057183% 0.058262% 0.000000% 2.697530%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I, Sub Grp 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 1 0 0 1 58,648.34 0.00 0.00 58,648.34 30 Days 26 0 0 0 26 4,167,832.43 0.00 0.00 0.00 4,167,832.43 60 Days 7 0 0 0 7 1,058,114.87 0.00 0.00 0.00 1,058,114.87 90 Days 0 0 1 0 1 0.00 0.00 87,753.39 0.00 87,753.39 120 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 33 1 1 0 35 5,225,947.30 58,648.34 87,753.39 0.00 5,372,349.03 0-29 Days 0.100200% 0.000000% 0.000000% 0.100200% 0.041178% 0.000000% 0.000000% 0.041178% 30 Days 2.605210% 0.000000% 0.000000% 0.000000% 2.605210% 2.926339% 0.000000% 0.000000% 0.000000% 2.926339% 60 Days 0.701403% 0.000000% 0.000000% 0.000000% 0.701403% 0.742929% 0.000000% 0.000000% 0.000000% 0.742929% 90 Days 0.000000% 0.000000% 0.100200% 0.000000% 0.100200% 0.000000% 0.000000% 0.061614% 0.000000% 0.061614% 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 3.306613% 0.100200% 0.100200% 0.000000% 3.507014% 3.669268% 0.041178% 0.061614% 0.000000% 3.772060% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I, Sub Grp 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 1 0 0 1 111,219.39 0.00 0.00 111,219.39 30 Days 5 0 0 0 5 452,377.03 0.00 0.00 0.00 452,377.03 60 Days 3 0 0 0 3 258,954.28 0.00 0.00 0.00 258,954.28 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 1 0 0 9 711,331.31 111,219.39 0.00 0.00 822,550.70 0-29 Days 0.126904% 0.000000% 0.000000% 0.126904% 0.111164% 0.000000% 0.000000% 0.111164% 30 Days 0.634518% 0.000000% 0.000000% 0.000000% 0.634518% 0.452150% 0.000000% 0.000000% 0.000000% 0.452150% 60 Days 0.380711% 0.000000% 0.000000% 0.000000% 0.380711% 0.258824% 0.000000% 0.000000% 0.000000% 0.258824% 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 1.015228% 0.126904% 0.000000% 0.000000% 1.142132% 0.710974% 0.111164% 0.000000% 0.000000% 0.822138% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II, Sub Grp 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 4 0 0 0 4 967,736.11 0.00 0.00 0.00 967,736.11 60 Days 2 0 0 0 2 765,328.06 0.00 0.00 0.00 765,328.06 90 Days 0 0 1 0 1 0.00 0.00 85,321.14 0.00 85,321.14 120 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 1 0 7 1,733,064.17 0.00 85,321.14 0.00 1,818,385.31 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.007519% 0.000000% 0.000000% 0.000000% 3.007519% 2.578320% 0.000000% 0.000000% 0.000000% 2.578320% 60 Days 1.503759% 0.000000% 0.000000% 0.000000% 1.503759% 2.039048% 0.000000% 0.000000% 0.000000% 2.039048% 90 Days 0.000000% 0.000000% 0.751880% 0.000000% 0.751880% 0.000000% 0.000000% 0.227319% 0.000000% 0.227319% 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 4.511278% 0.000000% 0.751880% 0.000000% 5.263158% 4.617368% 0.000000% 0.227319% 0.000000% 4.844687% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II, Sub Grp 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 56,104.73
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.475363% Weighted Average Net Coupon 6.975363% Weighted Average Pass-Through Rate 6.935363% Weighted Average Maturity(Stepdown Calculation ) 337 Beginning Scheduled Collateral Loan Count 2,018 Number Of Loans Paid In Full 47 Ending Scheduled Collateral Loan Count 1,971 Beginning Scheduled Collateral Balance 305,315,528.57 Ending Scheduled Collateral Balance 296,964,094.84 Ending Actual Collateral Balance at 31-Jul-2004 297,060,092.55 Monthly P &I Constant 2,162,892.20 Special Servicing Fee 0.00 Prepayment Penalties 137,518.68 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 296,964,094.84 Scheduled Principal 260,938.54 Unscheduled Principal 8,090,495.19 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 7,139,368.04 Overcollateralized Amount 7,139,368.04 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 7.475363% Weighted Average Net Rate 6.975363% Weighted Average Pass Through Rate 6.935363% Weighted Average Maturity 337 Record Date 07/31/2004 Principal and Interest Constant 2,162,892.20 Beginning Loan Count 2,018 Loans Paid in Full 47 Ending Loan Count 1,971 Beginning Scheduled Balance 305,315,528.57 Ending Scheduled Balance 296,964,094.84 Ending Actual Balance at 31-Jul-2004 297,060,092.55 Scheduled Principal 260,938.54 Unscheduled Principal 8,090,495.19 Scheduled Interest 1,901,953.66 Servicing Fee 127,214.81 Master Servicing Fee 6,360.76 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 3,816.41 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,764,561.68 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 137,518.68 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 7,139,368.04 Overcollateralized Amount 7,139,368.04 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00
Miscellaneous Reporting Credit Enhancement Percentage: 19.615324%
Group Level Collateral Statement Group Grp I, Sub Grp I Grp I, Sub Grp II Grp II, Sub Grp I Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.646921 7.383497 7.357079 Weighted Average Net Rate 7.146921 6.883497 6.857079 Weighted Average Maturity 355 302 355 Beginning Loan Count 1,023 806 137 Loans Paid In Full 25 18 4 Ending Loan Count 998 788 133 Beginning Scheduled Balance 146,698,167.32 102,382,172.06 39,170,978.04 Ending scheduled Balance 142,363,161.58 100,036,489.45 37,516,501.69 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 1,046,952.80 732,988.98 270,453.28 Scheduled Principal 112,128.40 103,040.26 30,299.96 Unscheduled Principal 4,222,877.34 2,242,642.35 1,624,176.39 Scheduled Interest 934,824.40 629,948.72 240,153.32 Servicing Fees 61,124.26 42,659.23 16,321.25 Master Servicing Fees 3,056.20 2,132.98 816.07 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 1,833.70 1,279.78 489.63 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 868,810.24 583,876.73 222,526.37 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 7.106921 6.843497 6.817079
Group Level Collateral Statement Group Grp II, Sub Grp II Total Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 6.823208 7.475363 Weighted Average Net Rate 6.323209 6.975363 Weighted Average Maturity 346 337 Beginning Loan Count 52 2,018 Loans Paid In Full 0 47 Ending Loan Count 52 1,971 Beginning Scheduled Balance 17,064,211.15 305,315,528.57 Ending scheduled Balance 17,047,942.12 296,964,094.84 Record Date 07/31/2004 07/31/2004 Principal And Interest Constant 112,497.14 2,162,892.20 Scheduled Principal 15,469.92 260,938.54 Unscheduled Principal 799.11 8,090,495.19 Scheduled Interest 97,027.22 1,901,953.66 Servicing Fees 7,110.07 127,214.81 Master Servicing Fees 355.51 6,360.76 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 213.30 3,816.41 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 89,348.34 1,764,561.68 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 6.283208 6.935363
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