-----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, LwnrOUmXD6kyRDytSBgrn1cDzEpUZNuwUhMo/hIYWfM8GGhqbw+d8JvBe/421HFI uxkeEVdf0rFDaEvvFmS7TQ== 0001056404-04-002981.txt : 20040903 0001056404-04-002981.hdr.sgml : 20040903 20040903143539 ACCESSION NUMBER: 0001056404-04-002981 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: Wells Fargo Asset Securities Corp Mortgage Pass-Through Certificates Series 2004-7 CENTRAL INDEX KEY: 0001295533 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: 333-110283-27 FILM NUMBER: 041016515 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 BUSINESS PHONE: 3018468881 MAIL ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERIDK STATE: MD ZIP: 21703 8-K 1 wfm04007-aug.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 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110283-27 54-2155093 Pooling and Servicing Agreement) (Commission 54-2155176 (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 WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2004-7 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 2004-7 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. WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-7 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/1/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-7 Trust, relating to the August 25, 2004 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 7/31/04 Distribution Date: 8/25/04 WFMBS Series: 2004-7 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-PO 949788AG8 SEN 0.00000% 1,202,116.93 0.00 18,889.13 I-A-1 949788AA1 SEN 4.50000% 45,805,295.39 171,766.64 647,674.40 I-A-IO 949788AB6 SEN 0.11500% 0.00 3,147.66 0.00 I-A-R 949788AC7 SEQ 4.50000% 0.00 0.00 0.00 I-A-LR 949788AD5 SEQ 4.50000% 0.00 0.00 0.00 II-A-1 949788AE3 SEN 4.50000% 158,785,303.23 595,433.72 932,133.57 II-A-2 949788AF0 SEN 5.00000% 158,785,303.23 661,593.02 932,133.57 B-1 949788AH6 SUB 4.71843% 1,845,958.76 7,258.22 7,070.32 B-2 949788AJ2 SUB 4.71843% 738,184.27 2,902.50 2,827.37 B-3 949788AK9 SUB 4.71843% 553,887.25 2,177.86 2,121.48 B-4 949788AL7 SUB 4.71843% 369,590.23 1,453.21 1,415.59 B-5 949788AM5 SUB 4.71843% 369,590.23 1,453.21 1,415.59 B-6 949788AN3 SUB 4.71843% 185,782.74 730.49 711.58 Totals 368,641,012.26 1,447,916.53 2,546,392.60
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 1,183,227.80 18,889.13 0.00 I-A-1 0.00 45,157,620.99 819,441.04 0.00 I-A-IO 0.00 0.00 3,147.66 0.00 I-A-R 0.00 0.00 0.00 0.00 I-A-LR 0.00 0.00 0.00 0.00 II-A-1 0.00 157,853,169.66 1,527,567.29 0.00 II-A-2 0.00 157,853,169.66 1,593,726.59 0.00 B-1 0.00 1,838,888.44 14,328.54 0.00 B-2 0.00 735,356.90 5,729.87 0.00 B-3 0.00 551,765.77 4,299.34 0.00 B-4 0.00 368,174.64 2,868.80 0.00 B-5 0.00 368,174.64 2,868.80 0.00 B-6 0.00 185,071.16 1,442.07 0.00 Totals 0.00 366,094,619.66 3,994,309.13 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-PO 1,207,597.68 1,202,116.93 4,737.52 14,151.61 0.00 0.00 I-A-1 46,080,000.00 45,805,295.39 179,152.95 468,521.45 0.00 0.00 I-A-IO 0.00 0.00 0.00 0.00 0.00 0.00 I-A-R 50.00 0.00 0.00 0.00 0.00 0.00 I-A-LR 50.00 0.00 0.00 0.00 0.00 0.00 II-A-1 159,650,500.00 158,785,303.23 606,314.11 325,819.46 0.00 0.00 II-A-2 159,650,500.00 158,785,303.23 606,314.11 325,819.46 0.00 0.00 B-1 1,853,000.00 1,845,958.76 7,070.32 0.00 0.00 0.00 B-2 741,000.00 738,184.27 2,827.37 0.00 0.00 0.00 B-3 556,000.00 553,887.25 2,121.48 0.00 0.00 0.00 B-4 371,000.00 369,590.23 1,415.59 0.00 0.00 0.00 B-5 371,000.00 369,590.23 1,415.59 0.00 0.00 0.00 B-6 186,491.39 185,782.74 711.58 0.00 0.00 0.00 Totals 370,667,189.07 368,641,012.26 1,412,080.62 1,134,311.98 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-PO 18,889.13 1,183,227.80 0.97981954 18,889.13 I-A-1 647,674.40 45,157,620.99 0.97998309 647,674.40 I-A-IO 0.00 0.00 0.00000000 0.00 I-A-R 0.00 0.00 0.00000000 0.00 I-A-LR 0.00 0.00 0.00000000 0.00 II-A-1 932,133.57 157,853,169.66 0.98874209 932,133.57 II-A-2 932,133.57 157,853,169.66 0.98874209 932,133.57 B-1 7,070.32 1,838,888.44 0.99238448 7,070.32 B-2 2,827.37 735,356.90 0.99238448 2,827.37 B-3 2,121.48 551,765.77 0.99238448 2,121.48 B-4 1,415.59 368,174.64 0.99238447 1,415.59 B-5 1,415.59 368,174.64 0.99238447 1,415.59 B-6 711.58 185,071.16 0.99238447 711.58 Totals 2,546,392.60 366,094,619.66 0.98766395 2,546,392.60
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 1,207,597.68 995.46144375 3.92309465 11.71881185 0.00000000 I-A-1 46,080,000.00 994.03852843 3.88786784 10.16756619 0.00000000 I-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 159,650,500.00 994.58068237 3.79775892 2.04082956 0.00000000 II-A-2 159,650,500.00 994.58068237 3.79775892 2.04082956 0.00000000 B-1 1,853,000.00 996.20008635 3.81560712 0.00000000 0.00000000 B-2 741,000.00 996.20009447 3.81561404 0.00000000 0.00000000 B-3 556,000.00 996.20008993 3.81561151 0.00000000 0.00000000 B-4 371,000.00 996.20008086 3.81560647 0.00000000 0.00000000 B-5 371,000.00 996.20008086 3.81560647 0.00000000 0.00000000 B-6 186,491.39 996.20009267 3.81561851 0.00000000 0.00000000 (2) Per $1000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-PO 0.00000000 15.64190650 979.81953725 0.97981954 15.64190650 I-A-1 0.00000000 14.05543403 979.98309440 0.97998309 14.05543403 I-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 5.83858848 988.74209389 0.98874209 5.83858848 II-A-2 0.00000000 5.83858848 988.74209389 0.98874209 5.83858848 B-1 0.00000000 3.81560712 992.38447922 0.99238448 3.81560712 B-2 0.00000000 3.81561404 992.38448043 0.99238448 3.81561404 B-3 0.00000000 3.81561151 992.38447842 0.99238448 3.81561151 B-4 0.00000000 3.81560647 992.38447439 0.99238447 3.81560647 B-5 0.00000000 3.81560647 992.38447439 0.99238447 3.81560647 B-6 0.00000000 3.81561851 992.38447416 0.99238447 3.81561851 (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-PO 1,207,597.68 0.00000% 1,202,116.93 0.00 0.00 0.00 I-A-1 46,080,000.00 4.50000% 45,805,295.39 171,769.86 0.00 0.00 I-A-IO 0.00 0.11500% 32,845,803.85 3,147.72 0.00 0.00 I-A-R 50.00 4.50000% 0.00 0.00 0.00 0.00 I-A-LR 50.00 4.50000% 0.00 0.00 0.00 0.00 II-A-1 159,650,500.00 4.50000% 158,785,303.23 595,444.89 0.00 0.00 II-A-2 159,650,500.00 5.00000% 158,785,303.23 661,605.43 0.00 0.00 B-1 1,853,000.00 4.71843% 1,845,958.76 7,258.35 0.00 0.00 B-2 741,000.00 4.71843% 738,184.27 2,902.56 0.00 0.00 B-3 556,000.00 4.71843% 553,887.25 2,177.90 0.00 0.00 B-4 371,000.00 4.71843% 369,590.23 1,453.24 0.00 0.00 B-5 371,000.00 4.71843% 369,590.23 1,453.24 0.00 0.00 B-6 186,491.39 4.71843% 185,782.74 730.50 0.00 0.00 Totals 370,667,189.07 1,447,943.69 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-PO 0.00 0.00 0.00 0.00 1,183,227.80 I-A-1 3.22 0.00 171,766.64 0.00 45,157,620.99 I-A-IO 0.06 0.00 3,147.66 0.00 32,699,513.20 I-A-R 0.00 0.00 0.00 0.00 0.00 I-A-LR 0.00 0.00 0.00 0.00 0.00 II-A-1 11.17 0.00 595,433.72 0.00 157,853,169.66 II-A-2 12.41 0.00 661,593.02 0.00 157,853,169.66 B-1 0.14 0.00 7,258.22 0.00 1,838,888.44 B-2 0.05 0.00 2,902.50 0.00 735,356.90 B-3 0.04 0.00 2,177.86 0.00 551,765.77 B-4 0.03 0.00 1,453.21 0.00 368,174.64 B-5 0.03 0.00 1,453.21 0.00 368,174.64 B-6 0.01 0.00 730.49 0.00 185,071.16 Totals 27.16 0.00 1,447,916.53 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-PO 1,207,597.68 0.00000% 995.46144375 0.00000000 0.00000000 0.00000000 I-A-1 46,080,000.00 4.50000% 994.03852843 3.72764453 0.00000000 0.00000000 I-A-IO 0.00 0.11500% 993.60340679 0.09522024 0.00000000 0.00000000 I-A-R 50.00 4.50000% 0.00000000 0.00000000 0.00000000 0.00000000 I-A-LR 50.00 4.50000% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 159,650,500.00 4.50000% 994.58068237 3.72967758 0.00000000 0.00000000 II-A-2 159,650,500.00 5.00000% 994.58068237 4.14408618 0.00000000 0.00000000 B-1 1,853,000.00 4.71843% 996.20008635 3.91708041 0.00000000 0.00000000 B-2 741,000.00 4.71843% 996.20009447 3.91708502 0.00000000 0.00000000 B-3 556,000.00 4.71843% 996.20008993 3.91708633 0.00000000 0.00000000 B-4 371,000.00 4.71843% 996.20008086 3.91708895 0.00000000 0.00000000 B-5 371,000.00 4.71843% 996.20008086 3.91708895 0.00000000 0.00000000 B-6 186,491.39 4.71843% 996.20009267 3.91707092 0.00000000 0.00000000 (5) All classes are per $1000 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-PO 0.00000000 0.00000000 0.00000000 0.00000000 979.81953725 I-A-1 0.00006988 0.00000000 3.72757465 0.00000000 979.98309440 I-A-IO 0.00000182 0.00000000 0.09521842 0.00000000 989.17803517 I-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00006997 0.00000000 3.72960761 0.00000000 988.74209389 II-A-2 0.00007773 0.00000000 4.14400844 0.00000000 988.74209389 B-1 0.00007555 0.00000000 3.91701025 0.00000000 992.38447922 B-2 0.00006748 0.00000000 3.91700405 0.00000000 992.38448043 B-3 0.00007194 0.00000000 3.91701439 0.00000000 992.38447842 B-4 0.00008086 0.00000000 3.91700809 0.00000000 992.38447439 B-5 0.00008086 0.00000000 3.91700809 0.00000000 992.38447439 B-6 0.00005362 0.00000000 3.91701730 0.00000000 992.38447416 (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 I-A-PO 0.00000% 0.00 0.00 189,716.28 175,035.65 91.77898563% II-A-PO 0.00000% 0.00 0.00 1,012,400.65 1,008,192.16 99.14530809%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 107,337.04 Deposits Payments of Interest and Principal 4,183,185.23 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4,183,185.23 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 79,870.72 Payment of Interest and Principal 3,994,309.12 Total Withdrawals (Pool Distribution Amount) 4,074,179.84 Ending Balance 216,342.44
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 27.16 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 27.16
SERVICING FEES Gross Servicing Fee 76,798.77 Master Servicing Fee 3,071.95 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 79,870.72
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 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 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 0.000000% 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%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 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 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 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 79,817.46
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 369,459,591.39 99.67420972% 364,911,391.86 99.67679727% 98.894430% 100.000000% Class I-A-1 323,379,591.39 87.24257256% 319,753,770.87 87.34183833% 12.334959% 0.000000% Class I-AR 323,379,541.39 87.24255907% 319,753,770.87 87.34183833% 0.000000% 0.000000% Class I-ALR 323,379,491.39 87.24254558% 319,753,770.87 87.34183833% 0.000000% 0.000000% Class II-A-1 163,728,991.39 44.17142823% 161,900,601.21 44.22370407% 43.118134% 0.000000% Class II-A-2 4,078,491.39 1.10031087% 4,047,431.55 1.10556980% 43.118134% 0.000000% Class B-1 2,225,491.39 0.60040151% 2,208,543.11 0.60327112% 0.502299% 0.000000% Class B-2 1,484,491.39 0.40049172% 1,473,186.21 0.40240586% 0.200865% 0.000000% Class B-3 928,491.39 0.25049193% 921,420.44 0.25168915% 0.150717% 0.000000% Class B-4 557,491.39 0.15040214% 553,245.80 0.15112099% 0.100568% 0.000000% Class B-5 186,491.39 0.05031235% 185,071.16 0.05055282% 0.100568% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.050553% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Fixed 15 Year Weighted Average Gross Coupon 5.038946% Weighted Average Net Coupon 4.713346% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity(Stepdown Calculation ) 176 Beginning Scheduled Collateral Loan Count 716 Number Of Loans Paid In Full 2 Ending Scheduled Collateral Loan Count 714 Beginning Scheduled Collateral Balance 368,641,012.28 Ending Scheduled Collateral Balance 366,094,619.68 Ending Actual Collateral Balance at 31-Jul-2004 368,225,158.41 Ending Scheduled Balance For Wells Fargo Serviced 365,098,648.48 Ending Scheduled Balance For Other Servicers 995,971.20 Monthly P &I Constant 2,943,309.69 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3,962,798.57 Ending Scheduled Balance for Premium Loans 121,914,041.19 Ending scheduled Balance For discounted Loans 244,180,578.49 Scheduled Principal 1,412,080.61 Unscheduled Principal 1,134,311.99 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 365,411,231.92 Greater Than 80%, less than or equal to 85% 484,437.52 Greater than 85%, less than or equal to 95% 98,494.13 Greater than 95% 0.00
Group Level Collateral Statement Group 1 2 Total Collateral Description Fixed 15 Year Fixed 15 Year Fixed 15 Year Weighted Average Coupon Rate 4.822863 5.070144 5.038946 Weighted Average Net Rate 4.562863 4.735072 4.713346 Weighted Average Maturity 176 176 176 Beginning Loan Count 95 621 716 Loans Paid In Full 1 1 2 Ending Loan Count 94 620 714 Beginning Scheduled Balance 46,508,130.32 322,132,881.96 368,641,012.28 Ending scheduled Balance 45,843,768.39 320,250,851.29 366,094,619.68 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 370,731.03 2,572,578.66 2,943,309.69 Scheduled Principal 181,996.78 1,230,083.83 1,412,080.61 Unscheduled Principal 482,365.15 651,946.84 1,134,311.99 Scheduled Interest 186,918.60 1,340,868.63 1,527,787.23 Servicing Fees 9,689.19 67,109.58 76,798.77 Master Servicing Fees 387.57 2,684.38 3,071.95 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 20,152.17 20,152.17 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 176,841.84 1,250,922.51 1,427,764.35 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
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