-----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, DfTRCxP2iI5BfAkC/SUxXCCIrWCCtgO/EPRfqsWz1MrpZY709s8ZQS+DKbURK4KV oGxgY2Y7ObttVqKykT1GDg== 0001056404-04-003105.txt : 20040924 0001056404-04-003105.hdr.sgml : 20040924 20040924150540 ACCESSION NUMBER: 0001056404-04-003105 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040920 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040924 DATE AS OF CHANGE: 20040924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Structured Asset Mort Pass Thru Certs Series 2004 AR3 CENTRAL INDEX KEY: 0001292274 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: 333-115122-03 FILM NUMBER: 041044861 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 sam04ar3_sep.txt SEPTEMBER 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): September 20, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2004-AR3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115122-03 54-2154095 Pooling and Servicing Agreement) (Commission 54-2154096 (State or other File Number) 54-2154097 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 September 20, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., Mortgage Pass-Through Certificates, Series 2004-AR3 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-AR3 Trust, relating to the September 20, 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-AR3 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: 9/22/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-AR3 Trust, relating to the September 20, 2004 distribution. EX-99.1
Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/20/2004 SAM Series: 2004-AR3 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 86359LBX6 SEN 1.90000% 445,842,984.74 705,918.07 7,515,025.01 I-A-2 86359LBY4 SEN 1.89000% 71,103,113.73 111,987.41 1,306,322.09 I-A-3 86359LBZ1 SEN 1.90000% 6,396,900.00 10,128.43 0.00 II-A-1 86359LCA5 SEN 3.61190% 105,193,961.33 316,624.80 700,436.83 X 86359LCB3 SEN 1.17378% 0.00 554,010.71 0.00 M 86359LCF4 MEZ 2.05000% 19,947,500.00 34,076.98 0.00 B-1 86359LCG2 SUB 2.20000% 10,498,700.00 19,247.62 0.00 B-2 86359LCH0 SUB 2.80000% 7,699,100.00 17,964.57 0.00 B-3 86359LCJ6 SUB 3.10000% 4,899,500.00 12,657.04 0.00 B-4 86359LCK3 SUB 3.18456% 2,799,600.00 7,429.58 0.00 B-5 86359LCL1 SUB 3.18456% 2,099,800.00 5,572.45 0.00 B-6 86359LCM9 SUB 3.18456% 4,549,480.00 12,073.42 0.00 R-I 86359LCC1 SEN 3.02897% 0.00 0.00 0.00 R-II 86359LCD9 SEN 3.02897% 0.00 0.00 0.00 R-III 86359LCE7 SEN 3.02897% 0.00 0.00 0.00 Totals 681,030,639.80 1,807,691.08 9,521,783.93
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 438,327,959.73 8,220,943.08 0.00 I-A-2 0.00 69,796,791.64 1,418,309.50 0.00 I-A-3 0.00 6,396,900.00 10,128.43 0.00 II-A-1 0.00 104,493,524.50 1,017,061.63 0.00 X 0.00 0.00 554,010.71 0.00 M 0.00 19,947,500.00 34,076.98 0.00 B-1 0.00 10,498,700.00 19,247.62 0.00 B-2 0.00 7,699,100.00 17,964.57 0.00 B-3 0.00 4,899,500.00 12,657.04 0.00 B-4 0.00 2,799,600.00 7,429.58 0.00 B-5 0.00 2,099,800.00 5,572.45 0.00 B-6 0.00 4,549,480.00 12,073.42 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 0.00 671,508,855.87 11,329,475.01 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-1 460,000,000.00 445,842,984.74 0.00 7,515,025.01 0.00 0.00 I-A-2 73,564,000.00 71,103,113.73 0.00 1,306,322.09 0.00 0.00 I-A-3 6,396,900.00 6,396,900.00 0.00 0.00 0.00 0.00 II-A-1 107,460,300.00 105,193,961.33 0.00 700,436.83 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 M 19,947,500.00 19,947,500.00 0.00 0.00 0.00 0.00 B-1 10,498,700.00 10,498,700.00 0.00 0.00 0.00 0.00 B-2 7,699,100.00 7,699,100.00 0.00 0.00 0.00 0.00 B-3 4,899,500.00 4,899,500.00 0.00 0.00 0.00 0.00 B-4 2,799,600.00 2,799,600.00 0.00 0.00 0.00 0.00 B-5 2,099,800.00 2,099,800.00 0.00 0.00 0.00 0.00 B-6 4,549,480.00 4,549,480.00 0.00 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 699,915,030.00 681,030,639.80 0.00 9,521,783.93 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 7,515,025.01 438,327,959.73 0.95288687 7,515,025.01 I-A-2 1,306,322.09 69,796,791.64 0.94879006 1,306,322.09 I-A-3 0.00 6,396,900.00 1.00000000 0.00 II-A-1 700,436.83 104,493,524.50 0.97239189 700,436.83 X 0.00 0.00 0.00000000 0.00 M 0.00 19,947,500.00 1.00000000 0.00 B-1 0.00 10,498,700.00 1.00000000 0.00 B-2 0.00 7,699,100.00 1.00000000 0.00 B-3 0.00 4,899,500.00 1.00000000 0.00 B-4 0.00 2,799,600.00 1.00000000 0.00 B-5 0.00 2,099,800.00 1.00000000 0.00 B-6 0.00 4,549,480.00 1.00000000 0.00 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 9,521,783.93 671,508,855.87 0.95941482 9,521,783.93
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 460,000,000.00 969.22387987 0.00000000 16.33701089 0.00000000 I-A-2 73,564,000.00 966.54768270 0.00000000 17.75762724 0.00000000 I-A-3 6,396,900.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-1 107,460,300.00 978.90999122 0.00000000 6.51809859 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M 19,947,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 10,498,700.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 7,699,100.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,899,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,799,600.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,099,800.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 4,549,480.00 1000.00000000 0.00000000 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-1 0.00000000 16.33701089 952.88686898 0.95288687 16.33701089 I-A-2 0.00000000 17.75762724 948.79005546 0.94879006 17.75762724 I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-1 0.00000000 6.51809859 972.39189263 0.97239189 6.51809859 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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-1 460,000,000.00 1.90000% 445,842,984.74 705,918.06 0.00 0.00 I-A-2 73,564,000.00 1.89000% 71,103,113.73 111,987.40 0.00 0.00 I-A-3 6,396,900.00 1.90000% 6,396,900.00 10,128.43 0.00 0.00 II-A-1 107,460,300.00 3.61190% 105,193,961.33 316,624.79 0.00 0.00 X 0.00 1.17378% 566,387,798.47 554,010.70 0.00 0.00 M 19,947,500.00 2.05000% 19,947,500.00 34,076.98 0.00 0.00 B-1 10,498,700.00 2.20000% 10,498,700.00 19,247.62 0.00 0.00 B-2 7,699,100.00 2.80000% 7,699,100.00 17,964.57 0.00 0.00 B-3 4,899,500.00 3.10000% 4,899,500.00 12,657.04 0.00 0.00 B-4 2,799,600.00 3.18456% 2,799,600.00 7,429.58 0.00 0.00 B-5 2,099,800.00 3.18456% 2,099,800.00 5,572.45 0.00 0.00 B-6 4,549,480.00 3.18456% 4,549,480.00 12,073.42 0.00 0.00 R-I 50.00 3.02897% 0.00 0.00 0.00 0.00 R-II 50.00 3.02897% 0.00 0.00 0.00 0.00 R-III 50.00 3.02897% 0.00 0.00 0.00 0.00 Totals 699,915,030.00 1,807,691.04 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 (0.01) 0.00 705,918.07 0.00 438,327,959.73 I-A-2 0.00 0.00 111,987.41 0.00 69,796,791.64 I-A-3 0.00 0.00 10,128.43 0.00 6,396,900.00 II-A-1 0.00 0.00 316,624.80 0.00 104,493,524.50 X (0.01) 0.00 554,010.71 0.00 557,566,451.37 M 0.00 0.00 34,076.98 0.00 19,947,500.00 B-1 0.00 0.00 19,247.62 0.00 10,498,700.00 B-2 0.00 0.00 17,964.57 0.00 7,699,100.00 B-3 0.00 0.00 12,657.04 0.00 4,899,500.00 B-4 0.00 0.00 7,429.58 0.00 2,799,600.00 B-5 0.00 0.00 5,572.45 0.00 2,099,800.00 B-6 0.00 0.00 12,073.42 0.00 4,549,480.00 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 (0.02) 0.00 1,807,691.08 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-1 460,000,000.00 1.90000% 969.22387987 1.53460448 0.00000000 0.00000000 I-A-2 73,564,000.00 1.89000% 966.54768270 1.52231254 0.00000000 0.00000000 I-A-3 6,396,900.00 1.90000% 1000.00000000 1.58333411 0.00000000 0.00000000 II-A-1 107,460,300.00 3.61190% 978.90999122 2.94643501 0.00000000 0.00000000 X 0.00 1.17378% 971.49615942 0.95026635 0.00000000 0.00000000 M 19,947,500.00 2.05000% 1000.00000000 1.70833338 0.00000000 0.00000000 B-1 10,498,700.00 2.20000% 1000.00000000 1.83333365 0.00000000 0.00000000 B-2 7,699,100.00 2.80000% 1000.00000000 2.33333377 0.00000000 0.00000000 B-3 4,899,500.00 3.10000% 1000.00000000 2.58333299 0.00000000 0.00000000 B-4 2,799,600.00 3.18456% 1000.00000000 2.65380054 0.00000000 0.00000000 B-5 2,099,800.00 3.18456% 1000.00000000 2.65380036 0.00000000 0.00000000 B-6 4,549,480.00 3.18456% 1000.00000000 2.65380219 0.00000000 0.00000000 R-I 50.00 3.02897% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.02897% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 3.02897% 0.00000000 0.00000000 0.00000000 0.00000000 (2) 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-1 (0.00000002) 0.00000000 1.53460450 0.00000000 952.88686898 I-A-2 0.00000000 0.00000000 1.52231268 0.00000000 948.79005546 I-A-3 0.00000000 0.00000000 1.58333411 0.00000000 1000.00000000 II-A-1 0.00000000 0.00000000 2.94643510 0.00000000 972.39189263 X (0.00000002) 0.00000000 0.95026637 0.00000000 956.36535178 M 0.00000000 0.00000000 1.70833338 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1.83333365 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.33333377 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.58333299 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.65380054 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.65380036 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.65380219 0.00000000 1000.00000000 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 1X 1.20088% 523,342,998.47 514,521,651.37 0.00 0.00 95.28868690% 2X 0.84432% 43,044,800.00 43,044,800.00 0.00 0.00 100.00000000%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 11,543,276.39 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22,808.77 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 11,566,085.16 Withdrawals Reimbursement for Servicer Advances 20,296.37 Payment of Service Fee 216,313.78 Payment of Interest and Principal 11,329,475.01 Total Withdrawals (Pool Distribution Amount) 11,566,085.16 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 150,310.28 Additional Servicing Fee 64,584.69 Master Servicing Fee 1,418.81 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 216,313.78
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 19 0 0 0 19 5,811,029.26 0.00 0.00 0.00 5,811,029.26 60 Days 2 0 0 0 2 677,820.38 0.00 0.00 0.00 677,820.38 90 Days 1 0 0 0 1 1,999,999.00 0.00 0.00 0.00 1,999,999.00 120 Days 1 0 0 0 1 108,000.00 0.00 0.00 0.00 108,000.00 150 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 23 0 0 0 23 8,596,848.64 0.00 0.00 0.00 8,596,848.64 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.801688% 0.000000% 0.000000% 0.000000% 0.801688% 0.865368% 0.000000% 0.000000% 0.000000% 0.865368% 60 Days 0.084388% 0.000000% 0.000000% 0.000000% 0.084388% 0.100940% 0.000000% 0.000000% 0.000000% 0.100940% 90 Days 0.042194% 0.000000% 0.000000% 0.000000% 0.042194% 0.297836% 0.000000% 0.000000% 0.000000% 0.297836% 120 Days 0.042194% 0.000000% 0.000000% 0.000000% 0.042194% 0.016083% 0.000000% 0.000000% 0.000000% 0.016083% 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 0.970464% 0.000000% 0.000000% 0.000000% 0.970464% 1.280228% 0.000000% 0.000000% 0.000000% 1.280228%
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 19 0 0 0 19 5,811,029.26 0.00 0.00 0.00 5,811,029.26 60 Days 2 0 0 0 2 677,820.38 0.00 0.00 0.00 677,820.38 90 Days 1 0 0 0 1 1,999,999.00 0.00 0.00 0.00 1,999,999.00 120 Days 1 0 0 0 1 108,000.00 0.00 0.00 0.00 108,000.00 150 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 23 0 0 0 23 8,596,848.64 0.00 0.00 0.00 8,596,848.64 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.940129% 0.000000% 0.000000% 0.000000% 0.940129% 1.040839% 0.000000% 0.000000% 0.000000% 1.040839% 60 Days 0.098961% 0.000000% 0.000000% 0.000000% 0.098961% 0.121407% 0.000000% 0.000000% 0.000000% 0.121407% 90 Days 0.049480% 0.000000% 0.000000% 0.000000% 0.049480% 0.358229% 0.000000% 0.000000% 0.000000% 0.358229% 120 Days 0.049480% 0.000000% 0.000000% 0.000000% 0.049480% 0.019344% 0.000000% 0.000000% 0.000000% 0.019344% 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 1.138050% 0.000000% 0.000000% 0.000000% 1.138050% 1.539820% 0.000000% 0.000000% 0.000000% 1.539820%
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 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 22,808.77
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.572134% Weighted Average Net Coupon 3.307282% Weighted Average Pass-Through Rate 3.185966% Weighted Average Maturity(Stepdown Calculation ) 337 Beginning Scheduled Collateral Loan Count 2,393 Number Of Loans Paid In Full 23 Ending Scheduled Collateral Loan Count 2,370 Beginning Scheduled Collateral Balance 681,030,639.74 Ending Scheduled Collateral Balance 671,508,855.81 Ending Actual Collateral Balance at 31-Aug-2004 671,509,297.23 Monthly P &I Constant 2,028,873.39 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 671,508,855.81 Scheduled Principal 0.00 Unscheduled Principal 9,521,783.93
Group Level Collateral Statement Group Group I Group II Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.487119 3.995407 3.572134 Weighted Average Net Rate 3.225441 3.714751 3.307282 Weighted Average Maturity 336 341 337 Beginning Loan Count 2,042 351 2,393 Loans Paid In Full 21 2 23 Ending Loan Count 2,021 349 2,370 Beginning Scheduled Balance 567,123,629.43 113,907,010.31 681,030,639.74 Ending scheduled Balance 558,302,282.33 113,206,573.48 671,508,855.81 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 1,648,023.06 380,850.33 2,028,873.39 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 8,821,347.10 700,436.83 9,521,783.93 Scheduled Interest 1,648,023.06 379,254.03 2,027,277.09 Servicing Fees 123,669.72 26,640.56 150,310.28 Master Servicing Fees 1,181.50 237.31 1,418.81 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 58,331.10 9,099.84 67,430.94 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 1,464,840.74 343,276.32 1,808,117.06 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 3.099516 3.616385 3.185966
Miscellaneous Reporting Group Group I Avearge Loss Severity % Group I 0.000000% Group I Senior Percentage 92.280232% Group I Senior Prepayment Percentage 100.000000% Group I Sen Mez & Sub Percentage 7.719768% Group I Sen Mez & Sub Prep Percentage 0.000000% Group Group II Avearge Loss Severity % Group II 0.000000% Group II Senior Percentage 92.350736% Group II Senior Prepayment Percentage 100.000000% Group II Sen Mez & Sub Percentage 7.649264% Group II Sen Mez & Sub Prep Percentage 0.000000%
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