-----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, Dy9N2/ltKX90ZiFiFxEXrprpgIk+LXSglRS2vrk36oyhs3aWrQjSNvoLkXdXGNil RF3RBjSN+99BKjWzZb2Ahw== 0001056404-05-000029.txt : 20050103 0001056404-05-000029.hdr.sgml : 20041231 20050103100320 ACCESSION NUMBER: 0001056404-05-000029 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: 20050103 DATE AS OF CHANGE: 20050103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fieldstone Mortgage Investment Trust, Series 2004-3 CENTRAL INDEX KEY: 0001295812 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: 333-115858-01 FILM NUMBER: 05500360 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2125267000 MAIL ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 fld04003_dec.txt DECEMBER 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): December 27, 2004 FIELDSTONE MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2004-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115858-01 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 December 27, 2004 a distribution was made to holders of FIELDSTONE MORTGAGE INVESTMENT TRUST, Mortgage-Backed Notes, Series 2004-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2004-3 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. FIELDSTONE MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2004-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trust Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/28/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2004-3 Trust, relating to the December 27, 2004 distribution. EX-99.1
Fieldstone Mortgage Company Mortgage-Backed Notes Record Date: 11/30/2004 Distribution Date: 12/27/2004 Fieldstone Mortgage Company Mortgage-Backed Notes Series 2004-3 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 1-A 31659TBJ3 SEN 2.45000% 382,669,441.86 807,326.22 9,987,819.32 2-A1 31659TBK0 SEN 2.51000% 191,416,132.16 413,724.70 6,169,087.21 2-A2 31659TBL8 SEN 2.37000% 153,381,414.42 313,025.90 6,151,886.20 2-A3 31659TBM6 SEN 2.68000% 37,501,000.00 86,543.97 0.00 A-IO 31659TBX2 SEN 1.00000% 0.00 250,000.00 0.00 M1 31659TBN4 MEZ 2.74000% 27,000,000.00 63,705.00 0.00 M2 31659TBP9 MEZ 2.81000% 27,500,000.00 66,542.36 0.00 M3 31659TBQ7 MEZ 2.87000% 17,500,000.00 43,249.31 0.00 M4 31659TBR5 MEZ 3.41000% 30,000,000.00 88,091.67 0.00 M5 31659TBS3 MEZ 3.63000% 12,500,000.00 39,072.92 0.00 M6 31659TBT1 MEZ 4.13000% 12,500,000.00 44,454.86 0.00 M7 31659TBU8 MEZ 4.33000% 10,000,000.00 37,286.11 0.00 M8 31659TBV6 MEZ 4.68000% 12,500,000.00 50,375.00 0.00 M9 31659TBW4 MEZ 4.68000% 25,000,000.00 100,750.00 0.00 Owner Cert FLD0403OTC SEN 0.00000% 0.01 2,199,576.43 0.00 Totals 939,467,988.45 4,603,724.45 22,308,792.73
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A 0.00 372,681,622.54 10,795,145.54 0.00 2-A1 0.00 185,247,044.95 6,582,811.91 0.00 2-A2 0.00 147,229,528.23 6,464,912.10 0.00 2-A3 0.00 37,501,000.00 86,543.97 0.00 A-IO 0.00 0.00 250,000.00 0.00 M1 0.00 27,000,000.00 63,705.00 0.00 M2 0.00 27,500,000.00 66,542.36 0.00 M3 0.00 17,500,000.00 43,249.31 0.00 M4 0.00 30,000,000.00 88,091.67 0.00 M5 0.00 12,500,000.00 39,072.92 0.00 M6 0.00 12,500,000.00 44,454.86 0.00 M7 0.00 10,000,000.00 37,286.11 0.00 M8 0.00 12,500,000.00 50,375.00 0.00 M9 0.00 25,000,000.00 100,750.00 0.00 Owner Cert 0.00 0.01 2,199,576.43 0.00 Totals 0.00 917,159,195.73 26,912,517.18 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) 1-A 404,429,000.00 382,669,441.86 0.00 9,987,819.32 0.00 0.00 2-A1 204,070,000.00 191,416,132.16 0.00 6,169,087.21 0.00 0.00 2-A2 166,000,000.00 153,381,414.42 0.00 6,151,886.20 0.00 0.00 2-A3 37,501,000.00 37,501,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M1 27,000,000.00 27,000,000.00 0.00 0.00 0.00 0.00 M2 27,500,000.00 27,500,000.00 0.00 0.00 0.00 0.00 M3 17,500,000.00 17,500,000.00 0.00 0.00 0.00 0.00 M4 30,000,000.00 30,000,000.00 0.00 0.00 0.00 0.00 M5 12,500,000.00 12,500,000.00 0.00 0.00 0.00 0.00 M6 12,500,000.00 12,500,000.00 0.00 0.00 0.00 0.00 M7 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 M8 12,500,000.00 12,500,000.00 0.00 0.00 0.00 0.00 M9 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00 Owner Cert 0.01 0.01 0.00 0.00 0.00 0.00 Totals 986,500,000.01 939,467,988.45 0.00 22,308,792.73 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1-A 9,987,819.32 372,681,622.54 0.92150074 9,987,819.32 2-A1 6,169,087.21 185,247,044.95 0.90776226 6,169,087.21 2-A2 6,151,886.20 147,229,528.23 0.88692487 6,151,886.20 2-A3 0.00 37,501,000.00 1.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 M1 0.00 27,000,000.00 1.00000000 0.00 M2 0.00 27,500,000.00 1.00000000 0.00 M3 0.00 17,500,000.00 1.00000000 0.00 M4 0.00 30,000,000.00 1.00000000 0.00 M5 0.00 12,500,000.00 1.00000000 0.00 M6 0.00 12,500,000.00 1.00000000 0.00 M7 0.00 10,000,000.00 1.00000000 0.00 M8 0.00 12,500,000.00 1.00000000 0.00 M9 0.00 25,000,000.00 1.00000000 0.00 Owner Cert 0.00 0.01 1.00000000 0.00 Totals 22,308,792.73 917,159,195.73 0.92971028 22,308,792.73
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A 404,429,000.00 946.19684014 0.00000000 24.69610072 0.00000000 2-A1 204,070,000.00 937.99251316 0.00000000 30.23025045 0.00000000 2-A2 166,000,000.00 923.98442422 0.00000000 37.05955542 0.00000000 2-A3 37,501,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 27,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 27,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 17,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 30,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 12,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 12,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 12,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 Owner Cert 0.01 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 1-A 0.00000000 24.69610072 921.50073941 0.92150074 24.69610072 2-A1 0.00000000 30.23025045 907.76226270 0.90776226 30.23025045 2-A2 0.00000000 37.05955542 886.92486886 0.88692487 37.05955542 2-A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 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 M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 Owner Cert 0.00000000 0.00000000 0.00000000 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 1-A 404,429,000.00 2.45000% 382,669,441.86 807,326.23 0.00 0.00 2-A1 204,070,000.00 2.51000% 191,416,132.16 413,724.70 0.00 0.00 2-A2 166,000,000.00 2.37000% 153,381,414.42 313,025.90 0.00 0.00 2-A3 37,501,000.00 2.68000% 37,501,000.00 86,543.97 0.00 0.00 A-IO 0.00 1.00000% 300,000,000.00 250,000.00 0.00 0.00 M1 27,000,000.00 2.74000% 27,000,000.00 63,705.00 0.00 0.00 M2 27,500,000.00 2.81000% 27,500,000.00 66,542.36 0.00 0.00 M3 17,500,000.00 2.87000% 17,500,000.00 43,249.31 0.00 0.00 M4 30,000,000.00 3.41000% 30,000,000.00 88,091.67 0.00 0.00 M5 12,500,000.00 3.63000% 12,500,000.00 39,072.92 0.00 0.00 M6 12,500,000.00 4.13000% 12,500,000.00 44,454.86 0.00 0.00 M7 10,000,000.00 4.33000% 10,000,000.00 37,286.11 0.00 0.00 M8 12,500,000.00 4.68000% 12,500,000.00 50,375.00 0.00 0.00 M9 25,000,000.00 4.68000% 25,000,000.00 100,750.00 0.00 0.00 Owner Cert 0.01 0.00000% 0.01 0.00 0.00 0.00 Totals 986,500,000.01 2,404,148.03 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 1-A 0.00 0.00 807,326.22 0.00 372,681,622.54 2-A1 0.00 0.00 413,724.70 0.00 185,247,044.95 2-A2 0.00 0.00 313,025.90 0.00 147,229,528.23 2-A3 0.00 0.00 86,543.97 0.00 37,501,000.00 A-IO 0.00 0.00 250,000.00 0.00 300,000,000.00 M1 0.00 0.00 63,705.00 0.00 27,000,000.00 M2 0.00 0.00 66,542.36 0.00 27,500,000.00 M3 0.00 0.00 43,249.31 0.00 17,500,000.00 M4 0.00 0.00 88,091.67 0.00 30,000,000.00 M5 0.00 0.00 39,072.92 0.00 12,500,000.00 M6 0.00 0.00 44,454.86 0.00 12,500,000.00 M7 0.00 0.00 37,286.11 0.00 10,000,000.00 M8 0.00 0.00 50,375.00 0.00 12,500,000.00 M9 0.00 0.00 100,750.00 0.00 25,000,000.00 Owner Cert 0.00 0.00 2,199,576.43 0.00 0.01 Totals 0.00 0.00 4,603,724.45 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 1-A 404,429,000.00 2.45000% 946.19684014 1.99621251 0.00000000 0.00000000 2-A1 204,070,000.00 2.51000% 937.99251316 2.02736659 0.00000000 0.00000000 2-A2 166,000,000.00 2.37000% 923.98442422 1.88569819 0.00000000 0.00000000 2-A3 37,501,000.00 2.68000% 1000.00000000 2.30777766 0.00000000 0.00000000 A-IO 0.00 1.00000% 1000.00000000 0.83333333 0.00000000 0.00000000 M1 27,000,000.00 2.74000% 1000.00000000 2.35944444 0.00000000 0.00000000 M2 27,500,000.00 2.81000% 1000.00000000 2.41972218 0.00000000 0.00000000 M3 17,500,000.00 2.87000% 1000.00000000 2.47138914 0.00000000 0.00000000 M4 30,000,000.00 3.41000% 1000.00000000 2.93638900 0.00000000 0.00000000 M5 12,500,000.00 3.63000% 1000.00000000 3.12583360 0.00000000 0.00000000 M6 12,500,000.00 4.13000% 1000.00000000 3.55638880 0.00000000 0.00000000 M7 10,000,000.00 4.33000% 1000.00000000 3.72861100 0.00000000 0.00000000 M8 12,500,000.00 4.68000% 1000.00000000 4.03000000 0.00000000 0.00000000 M9 25,000,000.00 4.68000% 1000.00000000 4.03000000 0.00000000 0.00000000 Owner Cert 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A 0.00000000 0.00000000 1.99621249 0.00000000 921.50073941 2-A1 0.00000000 0.00000000 2.02736659 0.00000000 907.76226270 2-A2 0.00000000 0.00000000 1.88569819 0.00000000 886.92486886 2-A3 0.00000000 0.00000000 2.30777766 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 0.83333333 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.35944444 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.41972218 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.47138914 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.93638900 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.12583360 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.55638880 0.00000000 1000.00000000 M7 0.00000000 0.00000000 3.72861100 0.00000000 1000.00000000 M8 0.00000000 0.00000000 4.03000000 0.00000000 1000.00000000 M9 0.00000000 0.00000000 4.03000000 0.00000000 1000.00000000 Owner Cert 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 27,314,749.07 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 27,314,749.07 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 402,231.89 Payment of Interest and Principal 26,912,517.18 Total Withdrawals (Pool Distribution Amount) 27,314,749.07 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 397,069.98 Indenture Trustee Fee - HSBC Bank USA 0.00 Owner Trustee Fee - US Bank Trust NA 0.00 Wells Fargo Bank, NA 5,161.91 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 402,231.89
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 SWAP Counterparty Account 0.00 0.00 558,046.96 0.00
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 17 0 0 17 3,238,740.07 0.00 0.00 3,238,740.07 30 Days 38 1 1 0 40 6,465,468.73 211,850.00 98,400.00 0.00 6,775,718.73 60 Days 17 0 4 0 21 2,870,006.69 0.00 525,065.83 0.00 3,395,072.52 90 Days 2 0 8 0 10 119,171.19 0.00 1,568,193.29 0.00 1,687,364.48 120 Days 0 0 9 0 9 0.00 0.00 1,743,165.03 0.00 1,743,165.03 150 Days 0 0 6 0 6 0.00 0.00 916,725.00 0.00 916,725.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 57 18 28 0 103 9,454,646.61 3,450,590.07 4,851,549.15 0.00 17,756,785.83 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 0.369405% 0.000000% 0.000000% 0.369405% 0.347959% 0.000000% 0.000000% 0.347959% 30 Days 0.825728% 0.021730% 0.021730% 0.000000% 0.869187% 0.694628% 0.022760% 0.010572% 0.000000% 0.727960% 60 Days 0.369405% 0.000000% 0.086919% 0.000000% 0.456323% 0.308344% 0.000000% 0.056411% 0.000000% 0.364755% 90 Days 0.043459% 0.000000% 0.173837% 0.000000% 0.217297% 0.012803% 0.000000% 0.168481% 0.000000% 0.181285% 120 Days 0.000000% 0.000000% 0.195567% 0.000000% 0.195567% 0.000000% 0.000000% 0.187280% 0.000000% 0.187280% 150 Days 0.000000% 0.000000% 0.130378% 0.000000% 0.130378% 0.000000% 0.000000% 0.098490% 0.000000% 0.098490% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.238592% 0.391134% 0.608431% 0.000000% 2.238157% 1.015775% 0.370719% 0.521234% 0.000000% 1.907728%
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 11 0 0 11 1,979,575.52 0.00 0.00 1,979,575.52 30 Days 25 0 1 0 26 4,276,607.90 0.00 98,400.00 0.00 4,375,007.90 60 Days 7 0 2 0 9 862,859.11 0.00 229,503.87 0.00 1,092,362.98 90 Days 0 0 5 0 5 0.00 0.00 815,068.19 0.00 815,068.19 120 Days 0 0 3 0 3 0.00 0.00 888,150.00 0.00 888,150.00 150 Days 0 0 3 0 3 0.00 0.00 287,200.00 0.00 287,200.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 32 11 14 0 57 5,139,467.01 1,979,575.52 2,318,322.06 0.00 9,437,364.59 0-29 Days 0.418251% 0.000000% 0.000000% 0.418251% 0.424456% 0.000000% 0.000000% 0.424456% 30 Days 0.950570% 0.000000% 0.038023% 0.000000% 0.988593% 0.916980% 0.000000% 0.021099% 0.000000% 0.938079% 60 Days 0.266160% 0.000000% 0.076046% 0.000000% 0.342205% 0.185012% 0.000000% 0.049210% 0.000000% 0.234222% 90 Days 0.000000% 0.000000% 0.190114% 0.000000% 0.190114% 0.000000% 0.000000% 0.174765% 0.000000% 0.174765% 120 Days 0.000000% 0.000000% 0.114068% 0.000000% 0.114068% 0.000000% 0.000000% 0.190435% 0.000000% 0.190435% 150 Days 0.000000% 0.000000% 0.114068% 0.000000% 0.114068% 0.000000% 0.000000% 0.061581% 0.000000% 0.061581% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.216730% 0.418251% 0.532319% 0.000000% 2.167300% 1.101993% 0.424456% 0.497089% 0.000000% 2.023538% 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 6 0 0 6 1,259,164.55 0.00 0.00 1,259,164.55 30 Days 13 1 0 0 14 2,188,860.83 211,850.00 0.00 0.00 2,400,710.83 60 Days 10 0 2 0 12 2,007,147.58 0.00 295,561.96 0.00 2,302,709.54 90 Days 2 0 3 0 5 119,171.19 0.00 753,125.10 0.00 872,296.29 120 Days 0 0 6 0 6 0.00 0.00 855,015.03 0.00 855,015.03 150 Days 0 0 3 0 3 0.00 0.00 629,525.00 0.00 629,525.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 25 7 14 0 46 4,315,179.60 1,471,014.55 2,533,227.09 0.00 8,319,421.24 0-29 Days 0.304260% 0.000000% 0.000000% 0.304260% 0.271136% 0.000000% 0.000000% 0.271136% 30 Days 0.659229% 0.050710% 0.000000% 0.000000% 0.709939% 0.471328% 0.045618% 0.000000% 0.000000% 0.516946% 60 Days 0.507099% 0.000000% 0.101420% 0.000000% 0.608519% 0.432200% 0.000000% 0.063643% 0.000000% 0.495843% 90 Days 0.101420% 0.000000% 0.152130% 0.000000% 0.253550% 0.025661% 0.000000% 0.162171% 0.000000% 0.187832% 120 Days 0.000000% 0.000000% 0.304260% 0.000000% 0.304260% 0.000000% 0.000000% 0.184111% 0.000000% 0.184111% 150 Days 0.000000% 0.000000% 0.152130% 0.000000% 0.152130% 0.000000% 0.000000% 0.135556% 0.000000% 0.135556% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.267748% 0.354970% 0.709939% 0.000000% 2.332657% 0.929189% 0.316754% 0.545481% 0.000000% 1.791424%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.503931% Weighted Average Net Coupon 6.003931% Weighted Average Pass-Through Rate 5.997431% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 4,695 Number Of Loans Paid In Full 93 Ending Scheduled Collateral Loan Count 4,602 Beginning Scheduled Collateral Balance 952,967,988.45 Ending Scheduled Collateral Balance 930,659,195.72 Ending Actual Collateral Balance at 30-Nov-2004 930,782,027.11 Monthly P &I Constant 5,412,698.01 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 2,747.82 Ending Scheduled Balance for Premium Loans 930,659,195.72 Scheduled Principal 247,666.56 Unscheduled Principal 22,061,126.17
SWAP Payment 558,046.96
Miscellaneous Reporting Libor Rate 2.180000% Required Overcollateralization 13,500,000.00 Overcollateralization Deficiency 0.00 Prepayment Premiums 398,971.87
Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.514667 6.493202 6.503931 Weighted Average Net Rate 6.014667 5.993202 6.003931 Weighted Average Maturity 354 354 354 Beginning Loan Count 2,678 2,017 4,695 Loans Paid In Full 48 45 93 Ending Loan Count 2,630 1,972 4,602 Beginning Scheduled Balance 476,304,484.76 476,663,503.69 952,967,988.45 Ending scheduled Balance 466,316,665.44 464,342,530.28 930,659,195.72 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 2,724,021.75 2,688,676.26 5,412,698.01 Scheduled Principal 138,217.31 109,449.25 247,666.56 Unscheduled Principal 9,849,602.01 12,211,524.16 22,061,126.17 Scheduled Interest 2,585,804.44 2,579,227.01 5,165,031.45 Servicing Fees 198,460.20 198,609.78 397,069.98 Master Servicing Fees 2,579.98 2,581.93 5,161.91 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 2,384,764.26 2,378,035.30 4,762,799.56 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 2,747.82 0.00 2,747.82 Percentage of Cumulative Losses 0.0007 0.0000 0.0004 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.008167 5.986702 5.997431
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