-----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, QcSYln1FLQPjd7oMwIrfvLBWsM44E402dZOMBGz46gHtBLZxsmOPjfTpekGghk3H Moz3yEnk8Ffpu/KglgcskQ== 0001056404-04-004355.txt : 20041206 0001056404-04-004355.hdr.sgml : 20041206 20041206082106 ACCESSION NUMBER: 0001056404-04-004355 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041206 DATE AS OF CHANGE: 20041206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Asset Back Pass-Through Certificates, Series 2004-HE3 CENTRAL INDEX KEY: 0001292369 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: 333-109307-07 FILM NUMBER: 041185306 BUSINESS ADDRESS: STREET 1: 11 MADISON AVE STREET 2: PARK AVE PLAZA CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2123251811 MAIL ADDRESS: STREET 1: 11 MADISON AVENUE STREET 2: PARK AVENUE PLAZA CITY: NEW YORK STATE: NY ZIP: 10010 8-K 1 abs04he3_nov.txt NOVEMBER 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): November 26, 2004 ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-HE3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-109307-07 54-2155109 Pooling and Servicing Agreement) (Commission 54-2155110 (State or other File Number) 54-2155111 jurisdiction 54-2155112 of Incorporation) 54-2155113 IRS EIN 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 November 26, 2004 a distribution was made to holders of ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates , Series 2004-HE3 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-HE3 Trust, relating to the November 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. ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-HE3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/4/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-HE3 Trust, relating to the November 26, 2004 distribution. EX-99.1
Asset Backed Securities Corp Home Equity Loan Trust Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 ABSC Series: 2004-HE3 Contact: Customer Service - SecuritiesLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution R 04541GJL7 RES 0.00000% 0.00 0.00 0.00 B-IO 04541GJH6 SUB-IO 0.00000% 0.00 0.00 0.00 A1 04541GJM5 SEN 2.15250% 185,521,833.30 354,965.11 8,560,452.79 A1A 04541GJN3 SEN 2.31250% 23,700,000.00 48,716.67 0.00 A2 04541GJP8 SEN 2.17250% 172,327,736.62 332,784.01 7,722,481.27 A2A 04541GJQ6 SEN 2.22250% 19,147,526.29 37,827.00 858,053.47 A3 04541GJR4 SEN 2.08250% 88,064,872.91 163,017.86 3,511,122.54 A3A 04541GJS2 SEN 2.33250% 41,350,000.00 85,732.33 0.00 M1 04541GJT0 MEZ 2.47250% 50,100,000.00 110,108.67 0.00 M2 04541GJU7 MEZ 3.05250% 40,300,000.00 109,347.33 0.00 M3 04541GJV5 MEZ 3.33250% 10,900,000.00 32,288.22 0.00 M4 04541GJW3 MEZ 3.53250% 9,450,000.00 29,673.00 0.00 M5 04541GJX1 MEZ 3.63250% 10,550,000.00 34,064.78 0.00 M6 04541GJY9 MEZ 4.68250% 7,910,000.00 32,923.18 0.00 M7 04541GJZ6 MEZ 5.68250% 7,911,000.00 39,959.34 0.00 X 04541GJJ2 OC 0.00000% 13,558,888.61 2,431,982.09 0.00 P 04541GJK9 SEN 0.00000% 100.00 331,654.82 0.00 Totals 680,791,957.73 4,175,044.41 20,652,110.07
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 A1 0.00 176,961,380.51 8,915,417.90 0.00 A1A 0.00 23,700,000.00 48,716.67 0.00 A2 0.00 164,605,255.35 8,055,265.28 0.00 A2A 0.00 18,289,472.82 895,880.47 0.00 A3 0.00 84,553,750.37 3,674,140.40 0.00 A3A 0.00 41,350,000.00 85,732.33 0.00 M1 0.00 50,100,000.00 110,108.67 0.00 M2 0.00 40,300,000.00 109,347.33 0.00 M3 0.00 10,900,000.00 32,288.22 0.00 M4 0.00 9,450,000.00 29,673.00 0.00 M5 0.00 10,550,000.00 34,064.78 0.00 M6 0.00 7,910,000.00 32,923.18 0.00 M7 0.00 7,911,000.00 39,959.34 0.00 X 0.00 13,558,888.61 2,431,982.09 0.00 P 0.00 100.00 331,654.82 0.00 Totals 0.00 660,139,847.66 24,827,154.48 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) B-IO 0.00 0.00 0.00 0.00 0.00 0.00 A1 213,300,000.00 185,521,833.30 0.00 8,560,452.79 0.00 0.00 A1A 23,700,000.00 23,700,000.00 0.00 0.00 0.00 0.00 A2 198,000,000.00 172,327,736.62 0.00 7,722,481.27 0.00 0.00 A2A 22,000,000.00 19,147,526.29 0.00 858,053.47 0.00 0.00 A3 104,250,000.00 88,064,872.91 0.00 3,511,122.54 0.00 0.00 A3A 41,350,000.00 41,350,000.00 0.00 0.00 0.00 0.00 M1 50,100,000.00 50,100,000.00 0.00 0.00 0.00 0.00 M2 40,300,000.00 40,300,000.00 0.00 0.00 0.00 0.00 M3 10,900,000.00 10,900,000.00 0.00 0.00 0.00 0.00 M4 9,450,000.00 9,450,000.00 0.00 0.00 0.00 0.00 M5 10,550,000.00 10,550,000.00 0.00 0.00 0.00 0.00 M6 7,910,000.00 7,910,000.00 0.00 0.00 0.00 0.00 M7 7,911,000.00 7,911,000.00 0.00 0.00 0.00 0.00 X 13,550,489.29 13,558,888.61 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 753,271,589.29 680,791,957.73 0.00 20,652,110.07 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 B-IO 0.00 0.00 0.00000000 0.00 A1 8,560,452.79 176,961,380.51 0.82963610 8,560,452.79 A1A 0.00 23,700,000.00 1.00000000 0.00 A2 7,722,481.27 164,605,255.35 0.83133967 7,722,481.27 A2A 858,053.47 18,289,472.82 0.83133967 858,053.47 A3 3,511,122.54 84,553,750.37 0.81106715 3,511,122.54 A3A 0.00 41,350,000.00 1.00000000 0.00 M1 0.00 50,100,000.00 1.00000000 0.00 M2 0.00 40,300,000.00 1.00000000 0.00 M3 0.00 10,900,000.00 1.00000000 0.00 M4 0.00 9,450,000.00 1.00000000 0.00 M5 0.00 10,550,000.00 1.00000000 0.00 M6 0.00 7,910,000.00 1.00000000 0.00 M7 0.00 7,911,000.00 1.00000000 0.00 X 0.00 13,558,888.61 1.00061985 0.00 P 0.00 100.00 1.00000000 0.00 Totals 20,652,110.07 660,139,847.66 0.87636366 20,652,110.07
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A1 213,300,000.00 869.76949508 0.00000000 40.13339330 0.00000000 A1A 23,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A2 198,000,000.00 870.34210414 0.00000000 39.00243066 0.00000000 A2A 22,000,000.00 870.34210409 0.00000000 39.00243045 0.00000000 A3 104,250,000.00 844.74698235 0.00000000 33.67983252 0.00000000 A3A 41,350,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 50,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 40,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 10,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 9,450,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 10,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 7,910,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 7,911,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 13,550,489.29 1000.61985363 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 40.13339330 829.63610178 0.82963610 40.13339330 A1A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A2 0.00000000 39.00243066 831.33967348 0.83133967 39.00243066 A2A 0.00000000 39.00243045 831.33967364 0.83133967 39.00243045 A3 0.00000000 33.67983252 811.06714983 0.81106715 33.67983252 A3A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.61985363 1.00061985 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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 R 0.00 0.00000% 0.00 0.00 0.00 0.00 B-IO 0.00 0.00000% 0.00 0.00 0.00 0.00 A1 213,300,000.00 2.15250% 185,521,833.30 354,965.11 0.00 0.00 A1A 23,700,000.00 2.31250% 23,700,000.00 48,716.67 0.00 0.00 A2 198,000,000.00 2.17250% 172,327,736.62 332,784.01 0.00 0.00 A2A 22,000,000.00 2.22250% 19,147,526.29 37,827.00 0.00 0.00 A3 104,250,000.00 2.08250% 88,064,872.91 163,017.86 0.00 0.00 A3A 41,350,000.00 2.33250% 41,350,000.00 85,732.33 0.00 0.00 M1 50,100,000.00 2.47250% 50,100,000.00 110,108.67 0.00 0.00 M2 40,300,000.00 3.05250% 40,300,000.00 109,347.33 0.00 0.00 M3 10,900,000.00 3.33250% 10,900,000.00 32,288.22 0.00 0.00 M4 9,450,000.00 3.53250% 9,450,000.00 29,673.00 0.00 0.00 M5 10,550,000.00 3.63250% 10,550,000.00 34,064.78 0.00 0.00 M6 7,910,000.00 4.68250% 7,910,000.00 32,923.18 0.00 0.00 M7 7,911,000.00 5.68250% 7,911,000.00 39,959.34 0.00 0.00 X 13,550,489.29 0.00000% 13,558,888.61 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 753,271,589.29 1,411,407.50 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 R 0.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 A1 0.00 0.00 354,965.11 0.00 176,961,380.51 A1A 0.00 0.00 48,716.67 0.00 23,700,000.00 A2 0.00 0.00 332,784.01 0.00 164,605,255.35 A2A 0.00 0.00 37,827.00 0.00 18,289,472.82 A3 0.00 0.00 163,017.86 0.00 84,553,750.37 A3A 0.00 0.00 85,732.33 0.00 41,350,000.00 M1 0.00 0.00 110,108.67 0.00 50,100,000.00 M2 0.00 0.00 109,347.33 0.00 40,300,000.00 M3 0.00 0.00 32,288.22 0.00 10,900,000.00 M4 0.00 0.00 29,673.00 0.00 9,450,000.00 M5 0.00 0.00 34,064.78 0.00 10,550,000.00 M6 0.00 0.00 32,923.18 0.00 7,910,000.00 M7 0.00 0.00 39,959.34 0.00 7,911,000.00 X 0.00 0.00 2,431,982.09 0.00 13,558,888.61 P 0.00 0.00 331,654.82 0.00 100.00 Totals 0.00 0.00 4,175,044.41 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 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A1 213,300,000.00 2.15250% 869.76949508 1.66415898 0.00000000 0.00000000 A1A 23,700,000.00 2.31250% 1000.00000000 2.05555570 0.00000000 0.00000000 A2 198,000,000.00 2.17250% 870.34210414 1.68072732 0.00000000 0.00000000 A2A 22,000,000.00 2.22250% 870.34210409 1.71940909 0.00000000 0.00000000 A3 104,250,000.00 2.08250% 844.74698235 1.56372048 0.00000000 0.00000000 A3A 41,350,000.00 2.33250% 1000.00000000 2.07333325 0.00000000 0.00000000 M1 50,100,000.00 2.47250% 1000.00000000 2.19777784 0.00000000 0.00000000 M2 40,300,000.00 3.05250% 1000.00000000 2.71333325 0.00000000 0.00000000 M3 10,900,000.00 3.33250% 1000.00000000 2.96222202 0.00000000 0.00000000 M4 9,450,000.00 3.53250% 1000.00000000 3.14000000 0.00000000 0.00000000 M5 10,550,000.00 3.63250% 1000.00000000 3.22888910 0.00000000 0.00000000 M6 7,910,000.00 4.68250% 1000.00000000 4.16222250 0.00000000 0.00000000 M7 7,911,000.00 5.68250% 1000.00000000 5.05111111 0.00000000 0.00000000 X 13,550,489.29 0.00000% 1000.61985363 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 0.00000000 1.66415898 0.00000000 829.63610178 A1A 0.00000000 0.00000000 2.05555570 0.00000000 1000.00000000 A2 0.00000000 0.00000000 1.68072732 0.00000000 831.33967348 A2A 0.00000000 0.00000000 1.71940909 0.00000000 831.33967364 A3 0.00000000 0.00000000 1.56372048 0.00000000 811.06714983 A3A 0.00000000 0.00000000 2.07333325 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.19777784 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.71333325 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.96222202 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.14000000 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.22888910 0.00000000 1000.00000000 M6 0.00000000 0.00000000 4.16222250 0.00000000 1000.00000000 M7 0.00000000 0.00000000 5.05111111 0.00000000 1000.00000000 X 0.00000000 0.00000000 179.47559221 0.00000000 1000.61985363 P 0.00000000 0.00000000 3316548.20000000 0.00000000 1000.00000000 (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 25,006,104.64 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 111,948.92 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 25,118,053.56 Withdrawals Reimbursement for Servicer Advances 95,750.14 Payment of Service Fee 195,148.94 Payment of Interest and Principal 24,827,154.48 Total Withdrawals (Pool Distribution Amount) 25,118,053.56 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 170,197.98 Strip Amount 24,950.96 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 195,148.94
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 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 9 1 0 10 1,364,848.45 147,672.24 0.00 1,512,520.69 30 Days 74 0 0 0 74 11,858,298.93 0.00 0.00 0.00 11,858,298.93 60 Days 18 0 14 0 32 2,951,849.91 0.00 1,518,388.70 0.00 4,470,238.61 90 Days 12 2 26 2 42 1,936,655.02 140,244.91 2,957,626.30 204,203.26 5,238,729.49 120 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 104 11 41 2 158 16,746,803.86 1,505,093.36 4,623,687.24 204,203.26 23,079,787.72 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 0.214337% 0.023815% 0.000000% 0.238152% 0.206676% 0.022362% 0.000000% 0.229037% 30 Days 1.762324% 0.000000% 0.000000% 0.000000% 1.762324% 1.795674% 0.000000% 0.000000% 0.000000% 1.795674% 60 Days 0.428673% 0.000000% 0.333413% 0.000000% 0.762086% 0.446992% 0.000000% 0.229926% 0.000000% 0.676918% 90 Days 0.285782% 0.047630% 0.619195% 0.047630% 1.000238% 0.293263% 0.021237% 0.447866% 0.030922% 0.793288% 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 2.476780% 0.261967% 0.976423% 0.047630% 3.762801% 2.535929% 0.227913% 0.700154% 0.030922% 3.494918%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp 1 Fixed 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 4 440,116.88 0.00 0.00 0.00 440,116.88 60 Days 1 0 0 0 1 52,895.05 0.00 0.00 0.00 52,895.05 90 Days 2 0 3 0 5 527,463.62 0.00 425,030.01 0.00 952,493.63 120 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 7 0 3 0 10 1,020,475.55 0.00 425,030.01 0.00 1,445,505.56 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.746269% 0.000000% 0.000000% 0.000000% 0.746269% 0.610520% 0.000000% 0.000000% 0.000000% 0.610520% 60 Days 0.186567% 0.000000% 0.000000% 0.000000% 0.186567% 0.073375% 0.000000% 0.000000% 0.000000% 0.073375% 90 Days 0.373134% 0.000000% 0.559701% 0.000000% 0.932836% 0.731686% 0.000000% 0.589592% 0.000000% 1.321278% 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 1.305970% 0.000000% 0.559701% 0.000000% 1.865672% 1.415581% 0.000000% 0.589592% 0.000000% 2.005173% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp 1 ARM 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 3 1 0 4 580,220.70 147,672.24 0.00 727,892.94 30 Days 30 0 0 0 30 4,502,748.16 0.00 0.00 0.00 4,502,748.16 60 Days 8 0 4 0 12 1,624,309.26 0.00 468,741.24 0.00 2,093,050.50 90 Days 5 0 5 2 12 566,111.15 0.00 505,687.73 204,203.26 1,276,002.14 120 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 43 3 10 2 58 6,693,168.57 580,220.70 1,122,101.21 204,203.26 8,599,693.74 0-29 Days 0.231660% 0.077220% 0.000000% 0.308880% 0.309738% 0.078832% 0.000000% 0.388570% 30 Days 2.316602% 0.000000% 0.000000% 0.000000% 2.316602% 2.403693% 0.000000% 0.000000% 0.000000% 2.403693% 60 Days 0.617761% 0.000000% 0.308880% 0.000000% 0.926641% 0.867102% 0.000000% 0.250227% 0.000000% 1.117329% 90 Days 0.386100% 0.000000% 0.386100% 0.154440% 0.926641% 0.302206% 0.000000% 0.269950% 0.109009% 0.681166% 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 3.320463% 0.231660% 0.772201% 0.154440% 4.478764% 3.573001% 0.309738% 0.599009% 0.109009% 4.590758% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp 2 Fixed 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 1 273,706.98 0.00 0.00 273,706.98 30 Days 3 0 0 0 3 241,294.48 0.00 0.00 0.00 241,294.48 60 Days 2 0 0 0 2 193,864.17 0.00 0.00 0.00 193,864.17 90 Days 1 0 1 0 2 52,049.10 0.00 49,640.03 0.00 101,689.13 120 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 1 1 0 8 487,207.75 273,706.98 49,640.03 0.00 810,554.76 0-29 Days 0.211416% 0.000000% 0.000000% 0.211416% 0.408959% 0.000000% 0.000000% 0.408959% 30 Days 0.634249% 0.000000% 0.000000% 0.000000% 0.634249% 0.360530% 0.000000% 0.000000% 0.000000% 0.360530% 60 Days 0.422833% 0.000000% 0.000000% 0.000000% 0.422833% 0.289662% 0.000000% 0.000000% 0.000000% 0.289662% 90 Days 0.211416% 0.000000% 0.211416% 0.000000% 0.422833% 0.077769% 0.000000% 0.074170% 0.000000% 0.151939% 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 1.268499% 0.211416% 0.211416% 0.000000% 1.691332% 0.727960% 0.408959% 0.074170% 0.000000% 1.211088% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp 2 ARM 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 3 0 0 3 293,418.00 0.00 0.00 293,418.00 30 Days 21 0 0 0 21 3,140,640.96 0.00 0.00 0.00 3,140,640.96 60 Days 4 0 3 0 7 715,443.24 0.00 437,920.15 0.00 1,153,363.39 90 Days 2 2 13 0 17 323,340.98 140,244.91 1,707,156.32 0.00 2,170,742.21 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 27 5 16 0 48 4,179,425.18 433,662.91 2,145,076.47 0.00 6,758,164.56 0-29 Days 0.265487% 0.000000% 0.000000% 0.265487% 0.171964% 0.000000% 0.000000% 0.171964% 30 Days 1.858407% 0.000000% 0.000000% 0.000000% 1.858407% 1.840639% 0.000000% 0.000000% 0.000000% 1.840639% 60 Days 0.353982% 0.000000% 0.265487% 0.000000% 0.619469% 0.419301% 0.000000% 0.256652% 0.000000% 0.675953% 90 Days 0.176991% 0.176991% 1.150442% 0.000000% 1.504425% 0.189501% 0.082193% 1.000515% 0.000000% 1.272209% 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 2.389381% 0.442478% 1.415929% 0.000000% 4.247788% 2.449440% 0.254157% 1.257167% 0.000000% 3.960764% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp 3 Fixed 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 62,477.65 0.00 0.00 62,477.65 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 1 0 1 0.00 0.00 118,812.41 0.00 118,812.41 90 Days 0 0 1 0 1 0.00 0.00 53,988.84 0.00 53,988.84 120 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 1 2 0 3 0.00 62,477.65 172,801.25 0.00 235,278.90 0-29 Days 0.602410% 0.000000% 0.000000% 0.602410% 0.185731% 0.000000% 0.000000% 0.185731% 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% 0.602410% 0.000000% 0.602410% 0.000000% 0.000000% 0.353200% 0.000000% 0.353200% 90 Days 0.000000% 0.000000% 0.602410% 0.000000% 0.602410% 0.000000% 0.000000% 0.160496% 0.000000% 0.160496% 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% 0.602410% 1.204819% 0.000000% 1.807229% 0.000000% 0.185731% 0.513696% 0.000000% 0.699427% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp 3 ARM 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 1 155,025.12 0.00 0.00 155,025.12 30 Days 16 0 0 0 16 3,533,498.45 0.00 0.00 0.00 3,533,498.45 60 Days 3 0 6 0 9 365,338.19 0.00 492,914.90 0.00 858,253.09 90 Days 2 0 3 0 5 467,690.17 0.00 216,123.37 0.00 683,813.54 120 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 21 1 9 0 31 4,366,526.81 155,025.12 709,038.27 0.00 5,230,590.20 0-29 Days 0.166945% 0.000000% 0.000000% 0.166945% 0.119460% 0.000000% 0.000000% 0.119460% 30 Days 2.671119% 0.000000% 0.000000% 0.000000% 2.671119% 2.722851% 0.000000% 0.000000% 0.000000% 2.722851% 60 Days 0.500835% 0.000000% 1.001669% 0.000000% 1.502504% 0.281523% 0.000000% 0.379831% 0.000000% 0.661355% 90 Days 0.333890% 0.000000% 0.500835% 0.000000% 0.834725% 0.360394% 0.000000% 0.166541% 0.000000% 0.526935% 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 3.505843% 0.166945% 1.502504% 0.000000% 5.175292% 3.364768% 0.119460% 0.546372% 0.000000% 4.030600%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 111,948.92
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.118542% Weighted Average Net Coupon 6.818542% Weighted Average Pass-Through Rate 6.818542% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 4,313 Number Of Loans Paid In Full 114 Ending Scheduled Collateral Loan Count 4,199 Beginning Scheduled Collateral Balance 680,791,957.73 Ending Scheduled Collateral Balance 660,139,847.66 Ending Actual Collateral Balance at 31-Oct-2004 660,381,474.03 Monthly P &I Constant 4,640,621.08 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 602,082.70 Unscheduled Principal 20,050,027.37 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 13,558,888.61 Overcollateralized Amount 13,558,888.61 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00
Miscellaneous Reporting Credit Enhancement Percentage 22.82545% Net WAC Rate 6.351152% Overcollateralized Amt 13,558,888.61 Overcollateralization Deficiency 0.00 Overcollateralization Increase 0.00 Overcollateralization Release 0.00 Overcollateralization Target 13,558,888.61 Net Monthly Excess Cash Amount 2431982.09 Payment under CAP Agreement 0.00 Has Stepdown Date Occurred NO In Trigger Event NO A1 PTR (excl CAP) for Next Distribution 2.40000 A1A PTR (excl CAP) for Next Distribution 2.56000 A2 PTR (excl CAP) for Next Distribution 2.42000 A2A PTR (excl CAP) for Next Distribution 2.47000 A3 PTR (excl CAP) for Next Distribution 2.33000 A3A PTR (excl CAP) for Next Distribution 2.58000 M1 PTR (excl CAP) for Next Distribution 2.72000 M2 PTR (excl CAP) for Next Distribution 3.30000 M3 PTR (excl CAP) for Next Distribution 3.58000 M4 PTR (excl CAP) for Next Distribution 3.78000 M5 PTR (excl CAP) for Next Distribution 3.88000 M6 PTR (excl CAP) for Next Distribution 4.93000 M7 PTR (excl CAP) for Next Distribution 5.93000
Group Level Collateral Statement Group Grp 1 Fixed Grp 1 ARM Grp 2 Fixed Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.282500 7.145782 7.146679 Weighted Average Net Rate 6.982500 6.845782 6.846679 Weighted Average Maturity 350 350 351 Beginning Loan Count 548 1,335 483 Loans Paid In Full 12 40 10 Ending Loan Count 536 1,295 473 Beginning Scheduled Balance 73,925,956.65 193,959,172.86 68,575,455.97 Ending scheduled Balance 72,069,421.25 187,255,255.47 66,905,650.01 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 525,803.99 1,315,708.14 477,761.83 Scheduled Principal 77,165.87 160,716.48 69,356.18 Unscheduled Principal 1,779,369.53 6,543,200.91 1,600,449.78 Scheduled Interest 448,638.12 1,154,991.66 408,405.65 Servicing Fees 18,481.49 48,489.79 17,143.86 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 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 430,156.63 1,106,501.87 391,261.79 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 6.982500 6.845782 6.846679
Group Level Collateral Statement Group Grp 2 ARM Grp 3 Fixed Grp 3 ARM Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.120637 6.957721 7.011576 Weighted Average Net Rate 6.820637 6.657721 6.711576 Weighted Average Maturity 351 353 353 Beginning Loan Count 1,170 168 609 Loans Paid In Full 40 2 10 Ending Loan Count 1,130 166 599 Beginning Scheduled Balance 177,470,683.35 34,482,398.27 132,378,290.63 Ending scheduled Balance 170,559,954.57 33,629,316.26 129,720,250.10 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 1,200,332.84 232,563.61 888,450.67 Scheduled Principal 147,245.97 32,631.18 114,967.02 Unscheduled Principal 6,763,482.81 820,450.83 2,543,073.51 Scheduled Interest 1,053,086.87 199,932.43 773,483.65 Servicing Fees 44,367.67 8,620.60 33,094.57 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 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,008,719.20 191,311.83 740,389.08 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 6.820637 6.657721 6.711576
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.118542 Weighted Average Net Rate 6.818542 Weighted Average Maturity 351.00 Record Date 10/31/2004 Principal And Interest Constant 4,640,621.08 Beginning Loan Count 4,313 Loans Paid In Full 114 Ending Loan Count 4,199 Beginning Scheduled Balance 680,791,957.73 Ending Scheduled Balance 660,139,847.66 Scheduled Principal 602,082.70 Unscheduled Principal 20,050,027.37 Scheduled Interest 4,038,538.38 Servicing Fee 170,197.98 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,868,340.40 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.818542
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