8-K 1 aeg04003_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 AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110187-03 54-2157782 Pooling and Servicing Agreement) (Commission 54-2157783 (State or other File Number) 54-2157784 jurisdiction 54-2157785 of Incorporation) 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 AEGIS ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, 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 Pass-Through Certificates, 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. AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/5/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-3 Trust, relating to the December 27, 2004 distribution. EX-99.1
AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates 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 A-1 00764MCC9 SEN 2.54000% 317,492,135.70 694,425.85 9,123,491.69 A-2A 00764MCD7 SEN 2.38000% 244,152,135.70 500,376.24 9,123,491.69 A-2B 00764MCE5 SEN 2.73000% 73,340,000.00 172,410.12 0.00 M-1 00764MCF2 MEZ 2.78000% 51,400,000.00 123,045.89 0.00 M-2 00764MCG0 MEZ 3.43000% 43,880,000.00 129,604.46 0.00 M-3 00764MCH8 MEZ 3.58000% 10,450,000.00 32,215.03 0.00 B-1 00764MCJ4 SUB 4.08000% 10,450,000.00 36,714.33 0.00 B-2 00764MCK1 SUB 4.28000% 10,450,000.00 38,514.06 0.00 B-3 00764MCL9 SUB 6.53000% 8,360,000.00 47,008.74 0.00 X AEG04003X SEN 0.00000% 23,821,285.00 1,969,815.85 0.00 P AEG04003P SEN 0.00000% 100.00 318,953.93 0.00 R AEG0403R1 SEN 0.00000% 0.00 0.00 0.00 Totals 793,795,656.40 4,063,084.50 18,246,983.38
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 308,368,644.00 9,817,917.54 0.00 A-2A 0.00 235,028,644.00 9,623,867.93 0.00 A-2B 0.00 73,340,000.00 172,410.12 0.00 M-1 0.00 51,400,000.00 123,045.89 0.00 M-2 0.00 43,880,000.00 129,604.46 0.00 M-3 0.00 10,450,000.00 32,215.03 0.00 B-1 0.00 10,450,000.00 36,714.33 0.00 B-2 0.00 10,450,000.00 38,514.06 0.00 B-3 0.00 8,360,000.00 47,008.74 0.00 X 0.00 23,821,285.00 1,969,815.85 0.00 P 0.00 100.00 318,953.93 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 775,548,673.00 22,310,067.88 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-1 338,510,000.00 317,492,135.70 0.00 9,123,491.69 0.00 0.00 A-2A 265,170,000.00 244,152,135.70 0.00 9,123,491.69 0.00 0.00 A-2B 73,340,000.00 73,340,000.00 0.00 0.00 0.00 0.00 M-1 51,400,000.00 51,400,000.00 0.00 0.00 0.00 0.00 M-2 43,880,000.00 43,880,000.00 0.00 0.00 0.00 0.00 M-3 10,450,000.00 10,450,000.00 0.00 0.00 0.00 0.00 B-1 10,450,000.00 10,450,000.00 0.00 0.00 0.00 0.00 B-2 10,450,000.00 10,450,000.00 0.00 0.00 0.00 0.00 B-3 8,360,000.00 8,360,000.00 0.00 0.00 0.00 0.00 X 23,824,564.10 23,821,285.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 835,834,664.10 793,795,656.40 0.00 18,246,983.38 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-1 9,123,491.69 308,368,644.00 0.91095874 9,123,491.69 A-2A 9,123,491.69 235,028,644.00 0.88633195 9,123,491.69 A-2B 0.00 73,340,000.00 1.00000000 0.00 M-1 0.00 51,400,000.00 1.00000000 0.00 M-2 0.00 43,880,000.00 1.00000000 0.00 M-3 0.00 10,450,000.00 1.00000000 0.00 B-1 0.00 10,450,000.00 1.00000000 0.00 B-2 0.00 10,450,000.00 1.00000000 0.00 B-3 0.00 8,360,000.00 1.00000000 0.00 X 0.00 23,821,285.00 0.99986236 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 18,246,983.38 775,548,673.00 0.92787331 18,246,983.38
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 338,510,000.00 937.91065463 0.00000000 26.95191188 0.00000000 A-2A 265,170,000.00 920.73815175 0.00000000 34.40619863 0.00000000 A-2B 73,340,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 51,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 43,880,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 10,450,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 10,450,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 10,450,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 8,360,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 23,824,564.10 999.86236474 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 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 A-1 0.00000000 26.95191188 910.95874273 0.91095874 26.95191188 A-2A 0.00000000 34.40619863 886.33195309 0.88633195 34.40619863 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 M-3 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-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.86236474 0.99986236 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 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 A-1 338,510,000.00 2.54000% 317,492,135.70 694,425.85 0.00 0.00 A-2A 265,170,000.00 2.38000% 244,152,135.70 500,376.24 0.00 0.00 A-2B 73,340,000.00 2.73000% 73,340,000.00 172,410.12 0.00 0.00 M-1 51,400,000.00 2.78000% 51,400,000.00 123,045.89 0.00 0.00 M-2 43,880,000.00 3.43000% 43,880,000.00 129,604.46 0.00 0.00 M-3 10,450,000.00 3.58000% 10,450,000.00 32,215.03 0.00 0.00 B-1 10,450,000.00 4.08000% 10,450,000.00 36,714.33 0.00 0.00 B-2 10,450,000.00 4.28000% 10,450,000.00 38,514.06 0.00 0.00 B-3 8,360,000.00 6.53000% 8,360,000.00 47,008.74 0.00 0.00 X 23,824,564.10 0.00000% 23,821,285.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 835,834,664.10 1,774,314.72 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-1 0.00 0.00 694,425.85 0.00 308,368,644.00 A-2A 0.00 0.00 500,376.24 0.00 235,028,644.00 A-2B 0.00 0.00 172,410.12 0.00 73,340,000.00 M-1 0.00 0.00 123,045.89 0.00 51,400,000.00 M-2 0.00 0.00 129,604.46 0.00 43,880,000.00 M-3 0.00 0.00 32,215.03 0.00 10,450,000.00 B-1 0.00 0.00 36,714.33 0.00 10,450,000.00 B-2 0.00 0.00 38,514.06 0.00 10,450,000.00 B-3 0.00 0.00 47,008.74 0.00 8,360,000.00 X 0.00 0.00 1,969,815.85 0.00 23,821,285.00 P 0.00 0.00 318,953.93 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,063,084.50 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-1 338,510,000.00 2.54000% 937.91065463 2.05141901 0.00000000 0.00000000 A-2A 265,170,000.00 2.38000% 920.73815175 1.88700170 0.00000000 0.00000000 A-2B 73,340,000.00 2.73000% 1000.00000000 2.35083338 0.00000000 0.00000000 M-1 51,400,000.00 2.78000% 1000.00000000 2.39388891 0.00000000 0.00000000 M-2 43,880,000.00 3.43000% 1000.00000000 2.95361121 0.00000000 0.00000000 M-3 10,450,000.00 3.58000% 1000.00000000 3.08277799 0.00000000 0.00000000 B-1 10,450,000.00 4.08000% 1000.00000000 3.51333301 0.00000000 0.00000000 B-2 10,450,000.00 4.28000% 1000.00000000 3.68555598 0.00000000 0.00000000 B-3 8,360,000.00 6.53000% 1000.00000000 5.62305502 0.00000000 0.00000000 X 23,824,564.10 0.00000% 999.86236474 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 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 A-1 0.00000000 0.00000000 2.05141901 0.00000000 910.95874273 A-2A 0.00000000 0.00000000 1.88700170 0.00000000 886.33195309 A-2B 0.00000000 0.00000000 2.35083338 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.39388891 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.95361121 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.08277799 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.51333301 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.68555598 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 5.62305502 0.00000000 1000.00000000 X 0.00000000 0.00000000 82.68003737 0.00000000 999.86236474 P 0.00000000 0.00000000 3189539.30000000 0.00000000 1000.00000000 R 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 22,303,970.72 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 194,520.61 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 318,953.93 Total Deposits 22,817,445.26 Withdrawals Reimbursement for Servicer Advances 160,753.32 Payment of Service Fee 346,624.06 Payment of Interest and Principal 22,310,067.88 Total Withdrawals (Pool Distribution Amount) 22,817,445.26 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 330,748.15 Credit Risk Manager Fee 9,922.44 Wells Fargo Bank, NA 5,953.47 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 346,624.06
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Basis Risk Reserve Fund 1,000.00 0.00 0.00 1,000.00 Financial Guaranty 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 30 0 0 30 2,548,841.09 0.00 0.00 2,548,841.09 30 Days 91 1 0 0 92 10,453,317.51 69,970.36 0.00 0.00 10,523,287.87 60 Days 52 3 4 0 59 5,506,206.05 279,349.19 442,078.13 0.00 6,227,633.37 90 Days 11 0 24 0 35 765,824.52 0.00 3,062,527.75 0.00 3,828,352.27 120 Days 5 1 18 2 26 500,070.69 82,458.96 1,873,264.33 118,400.00 2,574,193.98 150 Days 6 1 15 3 25 399,800.00 84,940.61 1,917,477.30 194,900.00 2,597,117.91 180+ Days 2 0 9 1 12 53,000.00 0.00 786,600.00 60,714.74 900,314.74 Totals 167 36 70 6 279 17,678,218.77 3,065,560.21 8,081,947.51 374,014.74 29,199,741.23 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 0.483325% 0.000000% 0.000000% 0.483325% 0.328327% 0.000000% 0.000000% 0.328327% 30 Days 1.466087% 0.016111% 0.000000% 0.000000% 1.482198% 1.346535% 0.009013% 0.000000% 0.000000% 1.355549% 60 Days 0.837764% 0.048333% 0.064443% 0.000000% 0.950540% 0.709277% 0.035984% 0.056946% 0.000000% 0.802207% 90 Days 0.177219% 0.000000% 0.386660% 0.000000% 0.563879% 0.098649% 0.000000% 0.394497% 0.000000% 0.493146% 120 Days 0.080554% 0.016111% 0.289995% 0.032222% 0.418882% 0.064416% 0.010622% 0.241303% 0.015252% 0.331593% 150 Days 0.096665% 0.016111% 0.241663% 0.048333% 0.402771% 0.051500% 0.010942% 0.246998% 0.025106% 0.334546% 180+ Days 0.032222% 0.000000% 0.144998% 0.016111% 0.193330% 0.006827% 0.000000% 0.101325% 0.007821% 0.115973% Totals 2.690511% 0.579990% 1.127759% 0.096665% 4.494925% 2.277205% 0.394888% 1.041069% 0.048178% 3.761341%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 194,520.61
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.273926% Weighted Average Net Coupon 6.773926% Weighted Average Pass-Through Rate 6.749926% Weighted Average Maturity (Stepdown Calculation) 339 Beginning Scheduled Collateral Loan Count 6,306 Number Of Loans Paid In Full 99 Ending Scheduled Collateral Loan Count 6,207 Beginning Scheduled Collateral Balance 793,795,556.39 Ending Scheduled Collateral Balance 775,548,573.01 Ending Actual Collateral Balance at 30-Nov-2004 776,312,091.10 Monthly P &I Constant 5,590,729.51 Special Servicing Fee 0.00 Prepayment Penalties 318,953.93 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 775,487.24 Unscheduled Principal 17,471,496.14 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 23,821,285.00 Overcollateralized Amount 23,821,285.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,969,815.85
Miscellaneous Reporting LIBOR Used 2.180000% Net Swap Payment to Swap Counterparty 720,920.32 Net Swap Payment to Supp. Interest Trust 0.00 Swap Term. Payment to Swap Counterparty 0.00 Swap Term. Payment to Supp. Int. Trust 0.00