-----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, E0qi0xqsFv+H1kE7wD3Lj+ku9Je3E+rWdgCAKchAN/eWxq9tmy03ILwh6pC7rzMs /uhxQKUSKHAyCnh6vpNmAQ== 0001056404-05-000146.txt : 20050104 0001056404-05-000146.hdr.sgml : 20050104 20050104113500 ACCESSION NUMBER: 0001056404-05-000146 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: 20050104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORT INV II INC BEAR STEARNS ALT A TR 04 6 CENTRAL INDEX KEY: 0001296254 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: 333-115122-06 FILM NUMBER: 05504754 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 bsl04006_dec.txt DEC. 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 ALT-A TRUST Mortgage Pass-Through Certificates, Series 2004-6 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115122-06 Pooling and Servicing Agreement) (Commission 54-2155120 (State or other File Number) 54-2155121 jurisdiction 54-2155122 of Incorporation) 54-2155123 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 December 27, 2004 a distribution was made to holders of BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2004-6 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 2004-6 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 ALT-A TRUST Mortgage Pass-Through Certificates, Series 2004-6 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: 1/3/05 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-6 Trust, relating to the December 27, 2004 distribution. EX-99.1
Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 11/30/04 Distribution Date: 12/27/04 Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Series 2004-6 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 07386HJU6 SEN 2.50063% 340,473,200.44 733,147.85 10,708,820.37 II-A-1 07386HJV4 SEN 2.45063% 15,129,222.97 31,926.67 673,158.86 II-A-2 07386HKA8 SEN 2.43063% 22,404,527.25 46,893.63 1,346,454.82 II-A-3 07386HKB6 SEN 2.68063% 7,857,000.00 18,136.47 0.00 III-A 07386HJW2 SEN 2.49063% 341,811,644.75 733,086.57 5,798,827.20 M-1 07386HJX0 SUB 2.73063% 18,932,000.00 44,516.25 0.00 M-2 07386HJY8 SUB 3.33063% 15,491,000.00 44,428.85 0.00 B-1 07386HJZ5 SUB 4.08063% 6,884,000.00 24,189.52 0.00 B-2 07386HKH3 SUB 4.08063% 6,884,000.00 24,189.52 0.00 B-IO 07386HKG5 SEN 0.00000% 3,011,963.34 1,666,871.85 0.00 XP 07386HKF7 SEN 0.00000% 100.00 57,690.31 0.00 R-I 07386HKC4 RES 0.00000% 0.00 0.00 0.00 R-II 07386HKD2 RES 0.00000% 0.00 0.00 0.00 R-III 07386HKE0 RES 0.00000% 0.00 0.00 0.00 Totals 778,878,658.75 3,425,077.49 18,527,261.25
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 329,764,380.07 11,441,968.22 0.00 II-A-1 0.00 14,456,064.11 705,085.53 0.00 II-A-2 0.00 21,058,072.43 1,393,348.45 0.00 II-A-3 0.00 7,857,000.00 18,136.47 0.00 III-A 0.00 336,012,817.55 6,531,913.77 0.00 M-1 0.00 18,932,000.00 44,516.25 0.00 M-2 0.00 15,491,000.00 44,428.85 0.00 B-1 0.00 6,884,000.00 24,189.52 0.00 B-2 0.00 6,884,000.00 24,189.52 0.00 B-IO 0.00 3,011,963.34 1,666,871.85 0.00 XP 0.00 100.00 57,690.31 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 Totals 0.00 760,351,397.50 21,952,338.74 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 380,660,000.00 340,473,200.44 0.00 10,708,820.37 0.00 0.00 II-A-1 19,640,000.00 15,129,222.97 0.00 673,158.86 0.00 0.00 II-A-2 31,427,000.00 22,404,527.25 0.00 1,346,454.82 0.00 0.00 II-A-3 7,857,000.00 7,857,000.00 0.00 0.00 0.00 0.00 III-A 369,773,000.00 341,811,644.75 0.00 5,798,827.20 0.00 0.00 M-1 18,932,000.00 18,932,000.00 0.00 0.00 0.00 0.00 M-2 15,491,000.00 15,491,000.00 0.00 0.00 0.00 0.00 B-1 6,884,000.00 6,884,000.00 0.00 0.00 0.00 0.00 B-2 6,884,000.00 6,884,000.00 0.00 0.00 0.00 0.00 B-IO 3,012,953.73 3,011,963.34 0.00 0.00 0.00 0.00 XP 100.00 100.00 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 0.00 Totals 860,561,053.73 778,878,658.75 0.00 18,527,261.25 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 10,708,820.37 329,764,380.07 0.86629638 10,708,820.37 II-A-1 673,158.86 14,456,064.11 0.73605214 673,158.86 II-A-2 1,346,454.82 21,058,072.43 0.67006308 1,346,454.82 II-A-3 0.00 7,857,000.00 1.00000000 0.00 III-A 5,798,827.20 336,012,817.55 0.90870025 5,798,827.20 M-1 0.00 18,932,000.00 1.00000000 0.00 M-2 0.00 15,491,000.00 1.00000000 0.00 B-1 0.00 6,884,000.00 1.00000000 0.00 B-2 0.00 6,884,000.00 1.00000000 0.00 B-IO 0.00 3,011,963.34 0.99967129 0.00 XP 0.00 100.00 1.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 Totals 18,527,261.25 760,351,397.50 0.88355311 18,527,261.25
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 380,660,000.00 894.42862512 0.00000000 28.13224497 0.00000000 II-A-1 19,640,000.00 770.32703513 0.00000000 34.27489104 0.00000000 II-A-2 31,427,000.00 712.90696694 0.00000000 42.84388647 0.00000000 II-A-3 7,857,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A 369,773,000.00 924.38237716 0.00000000 15.68212714 0.00000000 M-1 18,932,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 15,491,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 6,884,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 6,884,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 3,012,953.73 999.67128934 0.00000000 0.00000000 0.00000000 XP 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000000 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 I-A 0.00000000 28.13224497 866.29638016 0.86629638 28.13224497 II-A-1 0.00000000 34.27489104 736.05214409 0.73605214 34.27489104 II-A-2 0.00000000 42.84388647 670.06308047 0.67006308 42.84388647 II-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A 0.00000000 15.68212714 908.70025002 0.90870025 15.68212714 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 999.67128934 0.99967129 0.00000000 XP 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 380,660,000.00 2.50063% 340,473,200.44 733,147.85 0.00 0.00 II-A-1 19,640,000.00 2.45063% 15,129,222.97 31,926.67 0.00 0.00 II-A-2 31,427,000.00 2.43063% 22,404,527.25 46,893.63 0.00 0.00 II-A-3 7,857,000.00 2.68063% 7,857,000.00 18,136.47 0.00 0.00 III-A 369,773,000.00 2.49063% 341,811,644.75 733,086.57 0.00 0.00 M-1 18,932,000.00 2.73063% 18,932,000.00 44,516.25 0.00 0.00 M-2 15,491,000.00 3.33063% 15,491,000.00 44,428.85 0.00 0.00 B-1 6,884,000.00 4.08063% 6,884,000.00 24,189.52 0.00 0.00 B-2 6,884,000.00 4.08063% 6,884,000.00 24,189.52 0.00 0.00 B-IO 3,012,953.73 0.00000% 778,878,558.75 0.00 0.00 0.00 XP 100.00 0.00000% 100.00 0.00 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 R-III 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 860,561,053.73 1,700,515.33 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 0.00 733,147.85 0.00 329,764,380.07 II-A-1 0.00 0.00 31,926.67 0.00 14,456,064.11 II-A-2 0.00 0.00 46,893.63 0.00 21,058,072.43 II-A-3 0.00 0.00 18,136.47 0.00 7,857,000.00 III-A 0.00 0.00 733,086.57 0.00 336,012,817.55 M-1 0.00 0.00 44,516.25 0.00 18,932,000.00 M-2 0.00 0.00 44,428.85 0.00 15,491,000.00 B-1 0.00 0.00 24,189.52 0.00 6,884,000.00 B-2 0.00 0.00 24,189.52 0.00 6,884,000.00 B-IO 0.00 0.00 1,666,871.85 0.00 760,351,297.50 XP 0.00 0.00 57,690.31 0.00 100.00 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 3,425,077.49 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 380,660,000.00 2.50063% 894.42862512 1.92599130 0.00000000 0.00000000 II-A-1 19,640,000.00 2.45063% 770.32703513 1.62559420 0.00000000 0.00000000 II-A-2 31,427,000.00 2.43063% 712.90696694 1.49214465 0.00000000 0.00000000 II-A-3 7,857,000.00 2.68063% 1000.00000000 2.30831997 0.00000000 0.00000000 III-A 369,773,000.00 2.49063% 924.38237716 1.98253136 0.00000000 0.00000000 M-1 18,932,000.00 2.73063% 1000.00000000 2.35137598 0.00000000 0.00000000 M-2 15,491,000.00 3.33063% 1000.00000000 2.86804273 0.00000000 0.00000000 B-1 6,884,000.00 4.08063% 1000.00000000 3.51387565 0.00000000 0.00000000 B-2 6,884,000.00 4.08063% 1000.00000000 3.51387565 0.00000000 0.00000000 B-IO 3,012,953.73 0.00000% 258509.96349353 0.00000000 0.00000000 0.00000000 XP 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000% 0.00000000 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 I-A 0.00000000 0.00000000 1.92599130 0.00000000 866.29638016 II-A-1 0.00000000 0.00000000 1.62559420 0.00000000 736.05214409 II-A-2 0.00000000 0.00000000 1.49214465 0.00000000 670.06308047 II-A-3 0.00000000 0.00000000 2.30831997 0.00000000 1000.00000000 III-A 0.00000000 0.00000000 1.98253136 0.00000000 908.70025002 M-1 0.00000000 0.00000000 2.35137598 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.86804273 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.51387565 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.51387565 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 553.23513050 0.00000000 252360.76144455 XP 0.00000000 0.00000000 576903.10000000 0.00000000 1000.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 22,180,174.50 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 116,564.50 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 22,296,739.00 Withdrawals Reimbursement for Servicer Advances 120,197.46 Payment of Service Fee 224,202.81 Payment of Interest and Principal 21,952,338.73 Total Withdrawals (Pool Distribution Amount) 22,296,739.00 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 224,072.65 External Master Servicing Fee 84.53 Miscellaneous Fee 45.63 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 224,202.81
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Class XP Reserve Account 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 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 4 0 0 4 1,134,415.83 0.00 0.00 1,134,415.83 30 Days 74 2 0 0 76 17,715,782.01 387,311.31 0.00 0.00 18,103,093.32 60 Days 7 0 0 0 7 1,521,621.94 0.00 0.00 0.00 1,521,621.94 90 Days 3 0 0 0 3 1,121,072.66 0.00 0.00 0.00 1,121,072.66 120 Days 3 0 3 0 6 360,616.26 0.00 273,653.35 0.00 634,269.61 150 Days 1 0 0 0 1 234,000.00 0.00 0.00 0.00 234,000.00 180+ Days 1 1 3 0 5 246,077.59 648,846.31 796,235.38 0.00 1,691,159.28 Totals 89 7 6 0 102 21,199,170.46 2,170,573.45 1,069,888.73 0.00 24,439,632.64 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.119154% 0.000000% 0.000000% 0.119154% 0.149156% 0.000000% 0.000000% 0.149156% 30 Days 2.204349% 0.059577% 0.000000% 0.000000% 2.263926% 2.329317% 0.050925% 0.000000% 0.000000% 2.380241% 60 Days 0.208520% 0.000000% 0.000000% 0.000000% 0.208520% 0.200067% 0.000000% 0.000000% 0.000000% 0.200067% 90 Days 0.089366% 0.000000% 0.000000% 0.000000% 0.089366% 0.147402% 0.000000% 0.000000% 0.000000% 0.147402% 120 Days 0.089366% 0.000000% 0.089366% 0.000000% 0.178731% 0.047415% 0.000000% 0.035981% 0.000000% 0.083395% 150 Days 0.029789% 0.000000% 0.000000% 0.000000% 0.029789% 0.030767% 0.000000% 0.000000% 0.000000% 0.030767% 180+ Days 0.029789% 0.029789% 0.089366% 0.000000% 0.148943% 0.032355% 0.085312% 0.104691% 0.000000% 0.222358% Totals 2.651177% 0.208520% 0.178731% 0.000000% 3.038427% 2.787322% 0.285393% 0.140672% 0.000000% 3.213386%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 3 0 0 3 1,063,994.97 0.00 0.00 1,063,994.97 30 Days 21 0 0 0 21 7,280,667.77 0.00 0.00 0.00 7,280,667.77 60 Days 2 0 0 0 2 870,400.00 0.00 0.00 0.00 870,400.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 0 1 0 2 133,250.00 0.00 97,653.35 0.00 230,903.35 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 1 0 1 0.00 0.00 576,000.00 0.00 576,000.00 Totals 24 3 2 0 29 8,284,317.77 1,063,994.97 673,653.35 0.00 10,021,966.09 0-29 Days 0.250836% 0.000000% 0.000000% 0.250836% 0.300633% 0.000000% 0.000000% 0.300633% 30 Days 1.755853% 0.000000% 0.000000% 0.000000% 1.755853% 2.057162% 0.000000% 0.000000% 0.000000% 2.057162% 60 Days 0.167224% 0.000000% 0.000000% 0.000000% 0.167224% 0.245933% 0.000000% 0.000000% 0.000000% 0.245933% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.083612% 0.000000% 0.083612% 0.000000% 0.167224% 0.037650% 0.000000% 0.027592% 0.000000% 0.065242% 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% 0.083612% 0.000000% 0.083612% 0.000000% 0.000000% 0.162750% 0.000000% 0.162750% Totals 2.006689% 0.250836% 0.167224% 0.000000% 2.424749% 2.340745% 0.300633% 0.190342% 0.000000% 2.831720% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 1 0 0 1 70,420.86 0.00 0.00 70,420.86 30 Days 13 1 0 0 14 2,623,502.08 233,854.17 0.00 0.00 2,857,356.25 60 Days 1 0 0 0 1 185,699.55 0.00 0.00 0.00 185,699.55 90 Days 1 0 0 0 1 627,520.97 0.00 0.00 0.00 627,520.97 120 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 1 0 0 1 0.00 648,846.31 0.00 0.00 648,846.31 Totals 15 3 0 0 18 3,436,722.60 953,121.34 0.00 0.00 4,389,843.94 0-29 Days 0.684932% 0.000000% 0.000000% 0.684932% 0.149357% 0.000000% 0.000000% 0.149357% 30 Days 8.904110% 0.684932% 0.000000% 0.000000% 9.589041% 5.564243% 0.495986% 0.000000% 0.000000% 6.060230% 60 Days 0.684932% 0.000000% 0.000000% 0.000000% 0.684932% 0.393854% 0.000000% 0.000000% 0.000000% 0.393854% 90 Days 0.684932% 0.000000% 0.000000% 0.000000% 0.684932% 1.330923% 0.000000% 0.000000% 0.000000% 1.330923% 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% 0.684932% 0.000000% 0.000000% 0.684932% 0.000000% 1.376152% 0.000000% 0.000000% 1.376152% Totals 10.273973% 2.054795% 0.000000% 0.000000% 12.328767% 7.289021% 2.021496% 0.000000% 0.000000% 9.310517% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 40 1 0 0 41 7,811,612.16 153,457.14 0.00 0.00 7,965,069.30 60 Days 4 0 0 0 4 465,522.39 0.00 0.00 0.00 465,522.39 90 Days 2 0 0 0 2 493,551.69 0.00 0.00 0.00 493,551.69 120 Days 2 0 2 0 4 227,366.26 0.00 176,000.00 0.00 403,366.26 150 Days 1 0 0 0 1 234,000.00 0.00 0.00 0.00 234,000.00 180 Days 1 0 2 0 3 246,077.59 0.00 220,235.38 0.00 466,312.97 Totals 50 1 4 0 55 9,478,130.09 153,457.14 396,235.38 0.00 10,027,822.61 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.985112% 0.049628% 0.000000% 0.000000% 2.034739% 2.172972% 0.042687% 0.000000% 0.000000% 2.215660% 60 Days 0.198511% 0.000000% 0.000000% 0.000000% 0.198511% 0.129495% 0.000000% 0.000000% 0.000000% 0.129495% 90 Days 0.099256% 0.000000% 0.000000% 0.000000% 0.099256% 0.137292% 0.000000% 0.000000% 0.000000% 0.137292% 120 Days 0.099256% 0.000000% 0.099256% 0.000000% 0.198511% 0.063247% 0.000000% 0.048958% 0.000000% 0.112205% 150 Days 0.049628% 0.000000% 0.000000% 0.000000% 0.049628% 0.065092% 0.000000% 0.000000% 0.000000% 0.065092% 180 Days 0.049628% 0.000000% 0.099256% 0.000000% 0.148883% 0.068452% 0.000000% 0.061263% 0.000000% 0.129715% Totals 2.481390% 0.049628% 0.198511% 0.000000% 2.729529% 2.636551% 0.042687% 0.110222% 0.000000% 2.789460%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 116,564.50
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.534910% Weighted Average Net Coupon 5.189687% Weighted Average Pass-Through Rate 5.189486% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 3,424 Number Of Loans Paid In Full 67 Ending Scheduled Collateral Loan Count 3,357 Beginning Scheduled Collateral Balance 778,878,558.75 Ending Scheduled Collateral Balance 760,351,297.50 Ending Actual Collateral Balance at 30-Nov-2004 760,557,007.81 Monthly P &I Constant 3,833,186.04 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 240,666.97 Unscheduled Principal 18,286,594.28 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 3,011,963.34 Overcollateralized Amount 3,011,963.34 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,666,871.85
Miscellaneous Reporting Trigger Event NO Interest Carry Forward Class I-A 0.00 Interest Carry Forward Class II-A-1 0.00 Interest Carry Forward Class II-A-2 0.00 Interest Carry Forward Class II-A-3 0.00 Interest Carry Forward Class III-A 0.00 Interest Carry Forward Class B-1 0.00 Interest Carry Forward Class B-2 0.00 Interest Carry Forward Class M-1 0.00 Interest Carry Forward Class M-2 0.00
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.473432 6.201818 5.506583 Weighted Average Net Rate 5.123076 5.883941 5.162804 Weighted Average Maturity 352 304 354 Beginning Loan Count 1,224 154 2,046 Loans Paid In Full 28 8 31 Ending Loan Count 1,196 146 2,015 Beginning Scheduled Balance 364,555,214.52 49,118,624.59 365,204,719.64 Ending scheduled Balance 353,846,394.15 47,099,010.91 359,405,892.44 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,747,272.76 309,560.41 1,776,352.87 Scheduled Principal 84,466.08 55,706.42 100,494.47 Unscheduled Principal 10,624,354.29 1,963,907.26 5,698,332.73 Scheduled Interest 1,662,806.68 253,853.99 1,675,858.40 Servicing Fees 106,436.48 13,011.43 104,624.74 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 0.00 130.16 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 1,556,370.20 240,712.40 1,571,233.66 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 5.123076 5.880761 5.162804
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.534910 Weighted Average Net Rate 5.189687 Weighted Average Maturity 348 Beginning Loan Count 3,424 Loans Paid In Full 67 Ending Loan Count 3,357 Beginning Scheduled Balance 778,878,558.75 Ending scheduled Balance 760,351,297.50 Record Date 11/30/2004 Principal And Interest Constant 3,833,186.04 Scheduled Principal 240,666.97 Unscheduled Principal 18,286,594.28 Scheduled Interest 3,592,519.07 Servicing Fees 224,072.65 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 130.16 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 3,368,316.26 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 5.189486
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