-----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, GK0NBLhVD5HazC7WYHKDt5MXBw/RKfwjBLG5eohIxNU3KC+4dbXYkCy7DQqMh6sc op/vtqD+fYXCwsnQS2il2Q== 0001056404-05-000237.txt : 20050105 0001056404-05-000237.hdr.sgml : 20050105 20050105091743 ACCESSION NUMBER: 0001056404-05-000237 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: MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2004-HE1 CENTRAL INDEX KEY: 0001298150 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-112231-14 FILM NUMBER: 05510472 BUSINESS ADDRESS: STREET 1: 4LD FINANCIAL CENTER FLOOR 10 CITY: NEW YORK STATE: NY ZIP: 10281-1310 BUSINESS PHONE: 2124491000 MAIL ADDRESS: STREET 1: WORLD FINANCIAL CTR N TOWER STREET 2: 250 VESEY ST 10TH FL CITY: NEW YORK STATE: NY ZIP: 10281-1310 8-K 1 mlm04he1_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 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2004-HE1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-14 54-2157853 Pooling and Servicing Agreement) (Commission 54-2157854 (State or other File Number) 54-2157855 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Loan Asset-Backed Certificates, Series 2004-HE1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2004-HE1 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. MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2004-HE1 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: 12/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2004-HE1 Trust, relating to the December 27, 2004 distribution. EX-99.1
Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset-Backed Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset-Backed Certificates Series 2004-HE1 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 R MLM04HE1R RES 2.57000% 0.00 0.00 0.00 A1 59020UFF7 SEN 2.57000% 136,714,170.47 302,556.05 3,334,337.66 A2 59020UFG5 SEN 2.57000% 88,946,067.91 196,842.59 1,819,861.30 S 59020UFH3 SUB 0.00000% 0.00 0.00 0.00 M1 59020UFJ9 SUB 2.88000% 22,151,000.00 54,934.48 0.00 M2 59020UFK6 SUB 3.68000% 10,694,000.00 33,888.10 0.00 B1 59020UFL4 SUB 4.55500% 3,819,000.00 14,979.50 0.00 B2 59020UFM2 SUB 5.18000% 4,583,000.00 20,442.73 0.00 B3 59020UFN0 SUB 5.93000% 2,292,000.00 11,703.84 0.00 C MLM04HE1C SUB 0.00000% 5,346,822.00 817,370.70 0.00 P MLM04HE1P SUB 0.00000% 0.00 145,992.71 0.00 Totals 274,546,060.38 1,598,710.70 5,154,198.96
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 A1 0.00 133,379,832.81 3,636,893.71 0.00 A2 0.00 87,126,206.61 2,016,703.89 0.00 S 0.00 0.00 0.00 0.00 M1 0.00 22,151,000.00 54,934.48 0.00 M2 0.00 10,694,000.00 33,888.10 0.00 B1 0.00 3,819,000.00 14,979.50 0.00 B2 0.00 4,583,000.00 20,442.73 0.00 B3 0.00 2,292,000.00 11,703.84 0.00 C 0.00 5,346,822.00 817,370.70 0.00 P 0.00 0.00 145,992.71 0.00 Totals 0.00 269,391,861.42 6,752,909.66 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) R 100.00 0.00 0.00 0.00 0.00 0.00 A1 155,745,000.00 136,714,170.47 0.00 3,334,337.66 0.00 0.00 A2 100,902,000.00 88,946,067.91 0.00 1,819,861.30 0.00 0.00 S 0.00 0.00 0.00 0.00 0.00 0.00 M1 22,151,000.00 22,151,000.00 0.00 0.00 0.00 0.00 M2 10,694,000.00 10,694,000.00 0.00 0.00 0.00 0.00 B1 3,819,000.00 3,819,000.00 0.00 0.00 0.00 0.00 B2 4,583,000.00 4,583,000.00 0.00 0.00 0.00 0.00 B3 2,292,000.00 2,292,000.00 0.00 0.00 0.00 0.00 C 5,346,592.44 5,346,822.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 Totals 305,532,692.44 274,546,060.38 0.00 5,154,198.96 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 R 0.00 0.00 0.00000000 0.00 A1 3,334,337.66 133,379,832.81 0.85639881 3,334,337.66 A2 1,819,861.30 87,126,206.61 0.86347353 1,819,861.30 S 0.00 0.00 0.00000000 0.00 M1 0.00 22,151,000.00 1.00000000 0.00 M2 0.00 10,694,000.00 1.00000000 0.00 B1 0.00 3,819,000.00 1.00000000 0.00 B2 0.00 4,583,000.00 1.00000000 0.00 B3 0.00 2,292,000.00 1.00000000 0.00 C 0.00 5,346,822.00 1.00004294 0.00 P 0.00 0.00 0.00000000 0.00 Totals 5,154,198.96 269,391,861.42 0.88171207 5,154,198.96
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A1 155,745,000.00 877.80776571 0.00000000 21.40895477 0.00000000 A2 100,902,000.00 881.50946374 0.00000000 18.03592892 0.00000000 S 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 22,151,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 10,694,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 3,819,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 4,583,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 2,292,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 5,346,592.44 1000.04293576 0.00000000 0.00000000 0.00000000 P 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 21.40895477 856.39881094 0.85639881 21.40895477 A2 0.00000000 18.03592892 863.47353482 0.86347353 18.03592892 S 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 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.04293576 1.00004294 0.00000000 P 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 R 100.00 2.57000% 0.00 0.00 0.00 0.00 A1 155,745,000.00 2.57000% 136,714,170.47 302,556.05 0.00 0.00 A2 100,902,000.00 2.57000% 88,946,067.91 196,842.59 0.00 0.00 S 0.00 0.00000% 269,199,238.38 0.00 0.00 0.00 M1 22,151,000.00 2.88000% 22,151,000.00 54,934.48 0.00 0.00 M2 10,694,000.00 3.68000% 10,694,000.00 33,888.10 0.00 0.00 B1 3,819,000.00 4.55500% 3,819,000.00 14,979.50 0.00 0.00 B2 4,583,000.00 5.18000% 4,583,000.00 20,442.73 0.00 0.00 B3 2,292,000.00 5.93000% 2,292,000.00 11,703.84 0.00 0.00 C 5,346,592.44 0.00000% 5,346,822.00 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 305,532,692.44 635,347.29 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 R 0.00 0.00 0.00 0.00 0.00 A1 0.00 0.00 302,556.05 0.00 133,379,832.81 A2 0.00 0.00 196,842.59 0.00 87,126,206.61 S 0.00 0.00 0.00 0.00 264,045,039.42 M1 0.00 0.00 54,934.48 0.00 22,151,000.00 M2 0.00 0.00 33,888.10 0.00 10,694,000.00 B1 0.00 0.00 14,979.50 0.00 3,819,000.00 B2 0.00 0.00 20,442.73 0.00 4,583,000.00 B3 0.00 0.00 11,703.84 0.00 2,292,000.00 C 0.00 0.00 817,370.70 0.00 5,346,822.00 P 0.00 0.00 145,992.71 0.00 0.00 Totals 0.00 0.00 1,598,710.70 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 R 100.00 2.57000% 0.00000000 0.00000000 0.00000000 0.00000000 A1 155,745,000.00 2.57000% 877.80776571 1.94263732 0.00000000 0.00000000 A2 100,902,000.00 2.57000% 881.50946374 1.95082942 0.00000000 0.00000000 S 0.00 0.00000% 896.77449549 0.00000000 0.00000000 0.00000000 M1 22,151,000.00 2.88000% 1000.00000000 2.48000000 0.00000000 0.00000000 M2 10,694,000.00 3.68000% 1000.00000000 3.16888910 0.00000000 0.00000000 B1 3,819,000.00 4.55500% 1000.00000000 3.92236187 0.00000000 0.00000000 B2 4,583,000.00 5.18000% 1000.00000000 4.46055640 0.00000000 0.00000000 B3 2,292,000.00 5.93000% 1000.00000000 5.10638743 0.00000000 0.00000000 C 5,346,592.44 0.00000% 1000.04293576 0.00000000 0.00000000 0.00000000 P 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 0.00000000 1.94263732 0.00000000 856.39881094 A2 0.00000000 0.00000000 1.95082942 0.00000000 863.47353482 S 0.00000000 0.00000000 0.00000000 0.00000000 879.60448342 M1 0.00000000 0.00000000 2.48000000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 3.16888910 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.92236187 0.00000000 1000.00000000 B2 0.00000000 0.00000000 4.46055640 0.00000000 1000.00000000 B3 0.00000000 0.00000000 5.10638743 0.00000000 1000.00000000 C 0.00000000 0.00000000 152.87694156 0.00000000 1000.04293576 P 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 6,715,109.93 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 71,453.97 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 145,992.71 Total Deposits 6,932,556.61 Withdrawals Reimbursement for Servicer Advances 65,252.76 Payment of Service Fee 114,394.19 Payment of Interest and Principal 6,752,909.66 Total Withdrawals (Pool Distribution Amount) 6,932,556.61 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 114,394.19 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 114,394.19
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 37 0 0 0 37 6,746,454.72 0.00 0.00 0.00 6,746,454.72 60 Days 15 0 0 0 15 1,805,433.00 0.00 0.00 0.00 1,805,433.00 90 Days 18 1 0 0 19 1,522,936.57 81,793.37 0.00 0.00 1,604,729.94 120 Days 2 0 0 0 2 73,604.89 0.00 0.00 0.00 73,604.89 150 Days 1 0 0 0 1 46,953.58 0.00 0.00 0.00 46,953.58 180+ Days 1 0 1 0 2 20,393.48 0.00 43,955.29 0.00 64,348.77 Totals 74 1 1 0 76 10,215,776.24 81,793.37 43,955.29 0.00 10,341,524.90 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 2.180318% 0.000000% 0.000000% 0.000000% 2.180318% 2.503002% 0.000000% 0.000000% 0.000000% 2.503002% 60 Days 0.883913% 0.000000% 0.000000% 0.000000% 0.883913% 0.669834% 0.000000% 0.000000% 0.000000% 0.669834% 90 Days 1.060695% 0.058928% 0.000000% 0.000000% 1.119623% 0.565025% 0.030346% 0.000000% 0.000000% 0.595371% 120 Days 0.117855% 0.000000% 0.000000% 0.000000% 0.117855% 0.027308% 0.000000% 0.000000% 0.000000% 0.027308% 150 Days 0.058928% 0.000000% 0.000000% 0.000000% 0.058928% 0.017420% 0.000000% 0.000000% 0.000000% 0.017420% 180+ Days 0.058928% 0.000000% 0.058928% 0.000000% 0.117855% 0.007566% 0.000000% 0.016308% 0.000000% 0.023874% Totals 4.360636% 0.058928% 0.058928% 0.000000% 4.478491% 3.790155% 0.030346% 0.016308% 0.000000% 3.836809%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 71,453.97
COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 6.849615% Weighted Average Net Coupon 6.349615% Weighted Average Pass-Through Rate 6.349615% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 1,731 Number Of Loans Paid In Full 34 Ending Scheduled Collateral Loan Count 1,697 Beginning Scheduled Collateral Balance 274,546,060.38 Ending Scheduled Collateral Balance 269,391,861.42 Ending Actual Collateral Balance at 30-Nov-2004 269,534,525.16 Monthly P &I Constant 1,737,899.17 Special Servicing Fee 0.00 Prepayment Penalties 145,992.71 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 170,786.88 Unscheduled Principal 4,983,412.08 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,346,822.12 Overcollateralized Amount 5,346,822.00 Overcollateralized Deficiency Amount 0.12 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 817,370.70
Miscellaneous Reporting Did a Trigger Event occur? NO Cap payment 0.00 Number of loans with PPP 33 Cumulative PPP 876,859.39
Group Level Collateral Statement Group Group A Group A Group B Collateral Description Mixed Fixed Mixed Fixed Mixed ARM Weighted Average Coupon Rate 8.081553 6.546613 8.640173 Weighted Average Net Rate 7.581553 6.046612 8.140174 Weighted Average Maturity 340 340 329 Beginning Loan Count 363 822 248 Loans Paid In Full 11 13 5 Ending Loan Count 352 809 243 Beginning Scheduled Balance 28,606,559.37 137,773,337.46 25,360,424.42 Ending scheduled Balance 28,083,942.41 134,961,616.76 24,969,603.41 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 211,834.08 844,379.59 197,462.02 Scheduled Principal 19,179.57 92,755.71 14,863.30 Unscheduled Principal 503,437.39 2,718,964.99 375,957.71 Scheduled Interest 192,654.51 751,623.88 182,598.72 Servicing Fees 11,919.40 57,405.56 10,566.84 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 180,735.11 694,218.32 172,031.88 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 7.581553 6.046613 8.140173
Group Level Collateral Statement Group Group B Total Collateral Description Mixed ARM Fixed Mixed & ARM & Balloon Weighted Average Coupon Rate 6.379778 6.849615 Weighted Average Net Rate 5.879778 6.349615 Weighted Average Maturity 329 336 Beginning Loan Count 298 1,731 Loans Paid In Full 5 34 Ending Loan Count 293 1,697 Beginning Scheduled Balance 82,805,739.13 274,546,060.38 Ending scheduled Balance 81,376,698.84 269,391,861.42 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 484,223.48 1,737,899.17 Scheduled Principal 43,988.30 170,786.88 Unscheduled Principal 1,385,051.99 4,983,412.08 Scheduled Interest 440,235.18 1,567,112.29 Servicing Fees 34,502.39 114,394.19 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 405,732.79 1,452,718.10 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 5.879778 6.349615
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