-----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, D+bwIjdY9NUYnRniHd7+EyA0evctKUwxbSmNmmUTSE4ZGh64EKTQnluUf7vtM5z1 98GQeXzsb58bcKG6Cat+ig== 0001056404-05-000230.txt : 20050105 0001056404-05-000230.hdr.sgml : 20050105 20050105085358 ACCESSION NUMBER: 0001056404-05-000230 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 2004-5 CENTRAL INDEX KEY: 0001294860 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: 333-115122-04 FILM NUMBER: 05510461 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 BUSINESS PHONE: 212272-2000 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst04005_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 2004-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115122-04 Pooling and Servicing Agreement) (Commission 54-2155127 (State or other File Number) 54-2155128 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 2004-5 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 2004-5 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 2004-5 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 2004-5 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 2004-5 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 07384MS60 SEN 3.45127% 89,400,659.93 257,121.83 1,675,129.80 II-A 07384MS78 SEN 4.04274% 400,324,365.47 1,348,671.84 4,322,817.64 III-A 07384MS86 SEN 4.34729% 48,404,788.89 175,357.93 104,758.36 IV-A 07384MS94 SEN 5.05102% 32,001,344.30 134,699.60 9,759.00 B-1 07384MT44 SUB 4.03188% 6,725,845.13 22,598.15 5,734.90 B-2 07384MT51 SUB 4.03188% 4,891,523.73 16,435.02 4,170.84 B-3 07384MT69 SUB 4.03188% 2,751,482.10 9,244.70 2,346.10 B-4 07384MV58 SUB 4.03188% 2,445,761.87 8,217.51 2,085.42 B-5 07384MV66 SUB 4.03188% 1,223,876.76 4,112.10 1,043.56 B-6 07384MV74 SUB 4.03188% 920,682.96 3,093.40 785.04 R-I 07384MT28 RES 3.44651% 0.00 0.54 0.00 R-II 07384MT36 RES 3.44651% 0.00 0.00 0.00 Totals 589,090,331.14 1,979,552.62 6,128,630.66
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 87,725,530.12 1,932,251.63 0.00 II-A 0.00 396,001,547.83 5,671,489.48 0.00 III-A 0.00 48,300,030.53 280,116.29 0.00 IV-A 0.00 31,991,585.30 144,458.60 0.00 B-1 0.00 6,720,110.23 28,333.05 0.00 B-2 0.00 4,887,352.90 20,605.86 0.00 B-3 0.00 2,749,136.00 11,590.80 0.00 B-4 0.00 2,443,676.45 10,302.93 0.00 B-5 0.00 1,222,833.21 5,155.66 0.00 B-6 0.00 919,897.92 3,878.44 0.00 R-I 0.00 0.00 0.54 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 582,961,700.49 8,108,183.28 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 93,540,900.00 89,400,659.93 142,794.15 1,532,335.65 0.00 0.00 II-A 418,927,000.00 400,324,365.47 278,260.10 4,044,557.54 0.00 0.00 III-A 49,300,000.00 48,404,788.89 66,030.96 38,727.40 0.00 0.00 IV-A 33,254,000.00 32,001,344.30 0.00 9,759.00 0.00 0.00 B-1 6,754,000.00 6,725,845.13 5,734.90 0.00 0.00 0.00 B-2 4,912,000.00 4,891,523.73 4,170.84 0.00 0.00 0.00 B-3 2,763,000.00 2,751,482.10 2,346.10 0.00 0.00 0.00 B-4 2,456,000.00 2,445,761.87 2,085.42 0.00 0.00 0.00 B-5 1,229,000.00 1,223,876.76 1,043.56 0.00 0.00 0.00 B-6 924,537.00 920,682.96 785.04 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 Totals 614,060,537.00 589,090,331.14 503,251.07 5,625,379.59 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 1,675,129.80 87,725,530.12 0.93783073 1,675,129.80 II-A 4,322,817.64 396,001,547.83 0.94527578 4,322,817.64 III-A 104,758.36 48,300,030.53 0.97971664 104,758.36 IV-A 9,759.00 31,991,585.30 0.96203721 9,759.00 B-1 5,734.90 6,720,110.23 0.99498227 5,734.90 B-2 4,170.84 4,887,352.90 0.99498227 4,170.84 B-3 2,346.10 2,749,136.00 0.99498227 2,346.10 B-4 2,085.42 2,443,676.45 0.99498227 2,085.42 B-5 1,043.56 1,222,833.21 0.99498227 1,043.56 B-6 785.04 919,897.92 0.99498227 785.04 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 6,128,630.66 582,961,700.49 0.94935542 6,128,630.66
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 93,540,900.00 955.73871889 1.52654240 16.38145079 0.00000000 II-A 418,927,000.00 955.59456772 0.66422097 9.65456402 0.00000000 III-A 49,300,000.00 981.84155963 1.33937039 0.78554564 0.00000000 IV-A 33,254,000.00 962.33067601 0.00000000 0.29346845 0.00000000 B-1 6,754,000.00 995.83137844 0.84911164 0.00000000 0.00000000 B-2 4,912,000.00 995.83137826 0.84911238 0.00000000 0.00000000 B-3 2,763,000.00 995.83137894 0.84911328 0.00000000 0.00000000 B-4 2,456,000.00 995.83138029 0.84911238 0.00000000 0.00000000 B-5 1,229,000.00 995.83137510 0.84911310 0.00000000 0.00000000 B-6 924,537.00 995.83138371 0.84911691 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 (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 0.00000000 17.90799319 937.83072560 0.93783073 17.90799319 II-A 0.00000000 10.31878499 945.27578273 0.94527578 10.31878499 III-A 0.00000000 2.12491602 979.71664361 0.97971664 2.12491602 IV-A 0.00000000 0.29346845 962.03720755 0.96203721 0.29346845 B-1 0.00000000 0.84911164 994.98226680 0.99498227 0.84911164 B-2 0.00000000 0.84911238 994.98226792 0.99498227 0.84911238 B-3 0.00000000 0.84911328 994.98226565 0.99498227 0.84911328 B-4 0.00000000 0.84911238 994.98226792 0.99498227 0.84911238 B-5 0.00000000 0.84911310 994.98227014 0.99498227 0.84911310 B-6 0.00000000 0.84911691 994.98226680 0.99498227 0.84911691 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 93,540,900.00 3.45127% 89,400,659.93 257,121.83 0.00 0.00 II-A 418,927,000.00 4.04274% 400,324,365.47 1,348,671.84 0.00 0.00 III-A 49,300,000.00 4.34729% 48,404,788.89 175,357.93 0.00 0.00 IV-A 33,254,000.00 5.05102% 32,001,344.30 134,699.60 0.00 0.00 B-1 6,754,000.00 4.03188% 6,725,845.13 22,598.15 0.00 0.00 B-2 4,912,000.00 4.03188% 4,891,523.73 16,435.02 0.00 0.00 B-3 2,763,000.00 4.03188% 2,751,482.10 9,244.70 0.00 0.00 B-4 2,456,000.00 4.03188% 2,445,761.87 8,217.51 0.00 0.00 B-5 1,229,000.00 4.03188% 1,223,876.76 4,112.10 0.00 0.00 B-6 924,537.00 4.03188% 920,682.96 3,093.40 0.00 0.00 R-I 50.00 3.44651% 0.00 0.00 0.00 0.00 R-II 50.00 3.44651% 0.00 0.00 0.00 0.00 Totals 614,060,537.00 1,979,552.08 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 0.00 0.00 257,121.83 0.00 87,725,530.12 II-A 0.00 0.00 1,348,671.84 0.00 396,001,547.83 III-A 0.00 0.00 175,357.93 0.00 48,300,030.53 IV-A 0.00 0.00 134,699.60 0.00 31,991,585.30 B-1 0.00 0.00 22,598.15 0.00 6,720,110.23 B-2 0.00 0.00 16,435.02 0.00 4,887,352.90 B-3 0.00 0.00 9,244.70 0.00 2,749,136.00 B-4 0.00 0.00 8,217.51 0.00 2,443,676.45 B-5 0.00 0.00 4,112.10 0.00 1,222,833.21 B-6 0.00 0.00 3,093.40 0.00 919,897.92 R-I 0.00 0.00 0.54 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,979,552.62 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 93,540,900.00 3.45127% 955.73871889 2.74876370 0.00000000 0.00000000 II-A 418,927,000.00 4.04274% 955.59456772 3.21934810 0.00000000 0.00000000 III-A 49,300,000.00 4.34729% 981.84155963 3.55695598 0.00000000 0.00000000 IV-A 33,254,000.00 5.05102% 962.33067601 4.05062850 0.00000000 0.00000000 B-1 6,754,000.00 4.03188% 995.83137844 3.34589132 0.00000000 0.00000000 B-2 4,912,000.00 4.03188% 995.83137826 3.34589169 0.00000000 0.00000000 B-3 2,763,000.00 4.03188% 995.83137894 3.34589215 0.00000000 0.00000000 B-4 2,456,000.00 4.03188% 995.83138029 3.34589169 0.00000000 0.00000000 B-5 1,229,000.00 4.03188% 995.83137510 3.34589097 0.00000000 0.00000000 B-6 924,537.00 4.03188% 995.83138371 3.34589097 0.00000000 0.00000000 R-I 50.00 3.44651% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.44651% 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 I-A 0.00000000 0.00000000 2.74876370 0.00000000 937.83072560 II-A 0.00000000 0.00000000 3.21934810 0.00000000 945.27578273 III-A 0.00000000 0.00000000 3.55695598 0.00000000 979.71664361 IV-A 0.00000000 0.00000000 4.05062850 0.00000000 962.03720755 B-1 0.00000000 0.00000000 3.34589132 0.00000000 994.98226680 B-2 0.00000000 0.00000000 3.34589169 0.00000000 994.98226792 B-3 0.00000000 0.00000000 3.34589215 0.00000000 994.98226565 B-4 0.00000000 0.00000000 3.34589169 0.00000000 994.98226792 B-5 0.00000000 0.00000000 3.34589097 0.00000000 994.98227014 B-6 0.00000000 0.00000000 3.34589097 0.00000000 994.98226680 R-I 0.00000000 0.00000000 10.80000000 0.00000000 0.00000000 R-II 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 8,239,957.87 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 23,251.48 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 8,263,209.35 Withdrawals Reimbursement for Servicer Advances 32,298.92 Payment of Service Fee 122,727.15 Payment of Interest and Principal 8,108,183.28 Total Withdrawals (Pool Distribution Amount) 8,263,209.35 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 122,727.15 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 122,727.15
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 14 0 0 0 14 5,169,973.07 0.00 0.00 0.00 5,169,973.07 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 1 0 0 0 1 89,000.00 0.00 0.00 0.00 89,000.00 150 Days 1 0 0 0 1 399,541.19 0.00 0.00 0.00 399,541.19 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 16 0 0 0 16 5,658,514.26 0.00 0.00 0.00 5,658,514.26 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 0.893997% 0.000000% 0.000000% 0.000000% 0.893997% 0.886271% 0.000000% 0.000000% 0.000000% 0.886271% 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 0.063857% 0.000000% 0.000000% 0.000000% 0.063857% 0.015257% 0.000000% 0.000000% 0.000000% 0.015257% 150 Days 0.063857% 0.000000% 0.000000% 0.000000% 0.063857% 0.068492% 0.000000% 0.000000% 0.000000% 0.068492% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.021711% 0.000000% 0.000000% 0.000000% 1.021711% 0.970020% 0.000000% 0.000000% 0.000000% 0.970020%
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 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% 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 12 0 0 0 12 4,638,463.27 0.00 0.00 0.00 4,638,463.27 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 1 0 0 0 1 89,000.00 0.00 0.00 0.00 89,000.00 150 Days 1 0 0 0 1 399,541.19 0.00 0.00 0.00 399,541.19 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 14 0 0 0 14 5,127,004.46 0.00 0.00 0.00 5,127,004.46 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.047120% 0.000000% 0.000000% 0.000000% 1.047120% 1.132544% 0.000000% 0.000000% 0.000000% 1.132544% 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 0.087260% 0.000000% 0.000000% 0.000000% 0.087260% 0.021731% 0.000000% 0.000000% 0.000000% 0.021731% 150 Days 0.087260% 0.000000% 0.000000% 0.000000% 0.087260% 0.097553% 0.000000% 0.000000% 0.000000% 0.097553% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.221640% 0.000000% 0.000000% 0.000000% 1.221640% 1.251828% 0.000000% 0.000000% 0.000000% 1.251828% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV 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 2 0 0 0 2 531,509.80 0.00 0.00 0.00 531,509.80 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 2 0 0 0 2 531,509.80 0.00 0.00 0.00 531,509.80 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.173913% 0.000000% 0.000000% 0.000000% 2.173913% 1.607888% 0.000000% 0.000000% 0.000000% 1.607888% 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 2.173913% 0.000000% 0.000000% 0.000000% 2.173913% 1.607888% 0.000000% 0.000000% 0.000000% 1.607888%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 23,251.48
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.282425% Weighted Average Net Coupon 4.032425% Weighted Average Pass-Through Rate 4.032425% Weighted Average Maturity(Stepdown Calculation ) 352 Beginning Scheduled Collateral Loan Count 1,578 Number Of Loans Paid In Full 12 Ending Scheduled Collateral Loan Count 1,566 Beginning Scheduled Collateral Balance 589,090,331.73 Ending Scheduled Collateral Balance 582,961,701.09 Ending Actual Collateral Balance at 30-Nov-2004 583,340,187.06 Monthly P &I Constant 2,605,530.56 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 503,251.05 Unscheduled Principal 5,625,379.59
Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.701274 4.292738 4.597287 Weighted Average Net Rate 3.451274 4.042738 4.347287 Weighted Average Maturity 352 352 353 Beginning Loan Count 214 1,155 117 Loans Paid In Full 3 9 0 Ending Loan Count 211 1,146 117 Beginning Scheduled Balance 92,370,765.00 413,681,851.30 49,971,557.56 Ending scheduled Balance 90,690,891.24 409,349,749.07 49,864,661.91 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 432,446.05 1,767,401.21 259,612.92 Scheduled Principal 147,538.11 287,544.69 68,168.25 Unscheduled Principal 1,532,335.65 4,044,557.54 38,727.40 Scheduled Interest 284,907.94 1,479,856.52 191,444.67 Servicing Fees 19,243.91 86,183.72 10,410.74 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 265,664.03 1,393,672.80 181,033.93 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 3.451274 4.042738 4.347287
Group Level Collateral Statement Group Group IV Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.301023 4.282425 Weighted Average Net Rate 5.051023 4.032425 Weighted Average Maturity 354 352 Beginning Loan Count 92 1,578 Loans Paid In Full 0 12 Ending Loan Count 92 1,566 Beginning Scheduled Balance 33,066,157.87 589,090,331.73 Ending scheduled Balance 33,056,398.87 582,961,701.09 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 146,070.38 2,605,530.56 Scheduled Principal 0.00 503,251.05 Unscheduled Principal 9,759.00 5,625,379.59 Scheduled Interest 146,070.38 2,102,279.51 Servicing Fees 6,888.78 122,727.15 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 0.00 0.00 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 139,181.60 1,979,552.36 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 5.051023 4.032425
Miscellaneous Reporting Group Group I Avearge Loss Severity % Group I 0.000000% Senior Percentage Group I 96.784588% Senior Prep. Percentage Group I 100.000000% Subordinate Percentage Group I 3.215412% Subordinate Prep. Percentage Group I 0.000000% Group Group II Avearge Loss Severity % Group II 0.000000% Senior Percentage Group II 96.771078% Senior Prep. Percentage Group II 100.000000% Subordinate Percentage Group II 3.228922% Subordinate Prep. Percentage Group II 0.000000% Group Group III Avearge Loss Severity % Group III 0.000000% Senior Percentage Group III 96.864684% Senior Prep. Percentage Group III 100.000000% Subordinate Percentage Group III 3.135316% Subordinate Prep. Percentage Group III 0.000000%
Miscellaneous Reporting Group Group IV Avearge Loss Severity % Group IV 0.000000% Senior Percentage Group IV 96.779753% Senior Prep. Percentage Group IV 100.000000% Subordinate Percentage Group IV 3.220247% Subordinate Prep. Percentage Group IV 0.000000%
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