-----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, IIoKc7dpyQFbZWIT3BydiWGm4g7je7EIAOJv0aGAfRTRdfQZuePKPLq/fvnVuD5R T8PV4Bqm+/cIwUiXgZ48RA== 0001056404-04-003308.txt : 20041004 0001056404-04-003308.hdr.sgml : 20041004 20041004125905 ACCESSION NUMBER: 0001056404-04-003308 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040925 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041004 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES MLCC 2004-HB1 CENTRAL INDEX KEY: 0001298854 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-112231-15 FILM NUMBER: 041061310 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 mlc04hb1_sep.txt SEPTEMBER 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): September 27, 2004 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2004-HB1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-15 54-2157850 Pooling and Servicing Agreement) (Commission 54-2157851 (State or other File Number) 54-2157852 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 September 27, 2004 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Pass-Through Certificates, Series 2004-HB1 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-HB1 Trust, relating to the September 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 Pass-Through Certificates, Series 2004-HB1 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: 10/1/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-HB1 Trust, relating to the September 27, 2004 distribution. EX-99.1
Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/27/2004 MLC Series: 2004-HB1 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 59020UET8 SEN 1.97500% 154,612,705.33 254,466.74 2,129,010.35 A-R 59020UEY7 SEN 3.25085% 0.00 0.00 0.00 A-2 59020UEU5 SEN 2.31000% 59,027,817.53 113,628.55 673,585.26 A-3 59020UEV3 SEN 3.23863% 252,000,664.90 680,114.69 2,846,806.92 X-A 59020UEW1 IO 1.12844% 0.00 200,899.98 0.00 B-1 59020UEZ4 SUB 2.16500% 11,250,000.00 20,296.88 0.00 B-2 59020UFA8 SUB 2.56500% 5,750,000.00 12,290.63 0.00 B-3 59020UFB6 SUB 3.26500% 4,250,000.00 11,563.54 0.00 X-B 59020UEX9 IO 0.73497% 0.00 12,852.18 0.00 B-4 59020UFC4 SUB 3.21901% 2,000,000.00 5,365.01 0.00 B-5 59020UFD2 SUB 3.21901% 1,250,000.00 3,353.13 0.00 B-6 59020UFE0 SUB 3.21901% 3,000,916.19 8,049.97 0.00 LTR2 MLC400CR2 SEQ 0.00000% 0.00 0.00 0.00 LTR1 MLC400CR1 SEQ 0.00000% 0.00 0.00 0.00 Totals 493,142,103.95 1,322,881.30 5,649,402.53
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 152,483,694.98 2,383,477.09 0.00 A-R 0.00 0.00 0.00 0.00 A-2 0.00 58,354,232.27 787,213.81 0.00 A-3 0.00 249,153,857.98 3,526,921.61 0.00 X-A 0.00 0.00 200,899.98 0.00 B-1 0.00 11,250,000.00 20,296.88 0.00 B-2 0.00 5,750,000.00 12,290.63 0.00 B-3 0.00 4,250,000.00 11,563.54 0.00 X-B 0.00 0.00 12,852.18 0.00 B-4 0.00 2,000,000.00 5,365.01 0.00 B-5 0.00 1,250,000.00 3,353.13 0.00 B-6 0.00 3,000,916.19 8,049.97 0.00 LTR2 0.00 0.00 0.00 0.00 LTR1 0.00 0.00 0.00 0.00 Totals 0.00 487,492,701.42 6,972,283.83 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-1 157,500,000.00 154,612,705.33 0.00 2,129,010.35 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 A-2 60,000,000.00 59,027,817.53 0.00 673,585.26 0.00 0.00 A-3 255,000,000.00 252,000,664.90 0.00 2,846,806.92 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 B-1 11,250,000.00 11,250,000.00 0.00 0.00 0.00 0.00 B-2 5,750,000.00 5,750,000.00 0.00 0.00 0.00 0.00 B-3 4,250,000.00 4,250,000.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 B-4 2,000,000.00 2,000,000.00 0.00 0.00 0.00 0.00 B-5 1,250,000.00 1,250,000.00 0.00 0.00 0.00 0.00 B-6 3,000,916.19 3,000,916.19 0.00 0.00 0.00 0.00 LTR2 0.00 0.00 0.00 0.00 0.00 0.00 LTR1 0.00 0.00 0.00 0.00 0.00 0.00 Totals 500,001,016.19 493,142,103.95 0.00 5,649,402.53 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 2,129,010.35 152,483,694.98 0.96815044 2,129,010.35 A-R 0.00 0.00 0.00000000 0.00 A-2 673,585.26 58,354,232.27 0.97257054 673,585.26 A-3 2,846,806.92 249,153,857.98 0.97707395 2,846,806.92 X-A 0.00 0.00 0.00000000 0.00 B-1 0.00 11,250,000.00 1.00000000 0.00 B-2 0.00 5,750,000.00 1.00000000 0.00 B-3 0.00 4,250,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-4 0.00 2,000,000.00 1.00000000 0.00 B-5 0.00 1,250,000.00 1.00000000 0.00 B-6 0.00 3,000,916.19 1.00000000 0.00 LTR2 0.00 0.00 0.00000000 0.00 LTR1 0.00 0.00 0.00000000 0.00 Totals 5,649,402.53 487,492,701.42 0.97498342 5,649,402.53
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 157,500,000.00 981.66797035 0.00000000 13.51752603 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 60,000,000.00 983.79695883 0.00000000 11.22642100 0.00000000 A-3 255,000,000.00 988.23790157 0.00000000 11.16394871 0.00000000 X-A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 11,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,000,916.19 1000.00000000 0.00000000 0.00000000 0.00000000 LTR2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 LTR1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are 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-1 0.00000000 13.51752603 968.15044432 0.96815044 13.51752603 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 11.22642100 972.57053783 0.97257054 11.22642100 A-3 0.00000000 11.16394871 977.07395286 0.97707395 11.16394871 X-A 0.00000000 0.00000000 0.00000000 0.00000000 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-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 LTR2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 LTR1 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-1 157,500,000.00 1.97500% 154,612,705.33 254,466.74 0.00 0.00 A-R 100.00 3.25085% 0.00 0.00 0.00 0.00 A-2 60,000,000.00 2.31000% 59,027,817.53 113,628.55 0.00 0.00 A-3 255,000,000.00 3.23863% 252,000,664.90 680,114.69 0.00 0.00 X-A 0.00 1.12844% 213,640,522.86 200,899.98 0.00 0.00 B-1 11,250,000.00 2.16500% 11,250,000.00 20,296.88 0.00 0.00 B-2 5,750,000.00 2.56500% 5,750,000.00 12,290.63 0.00 0.00 B-3 4,250,000.00 3.26500% 4,250,000.00 11,563.54 0.00 0.00 X-B 0.00 0.73497% 21,250,000.00 13,015.08 0.00 0.00 B-4 2,000,000.00 3.21901% 2,000,000.00 5,365.01 0.00 0.00 B-5 1,250,000.00 3.21901% 1,250,000.00 3,353.13 0.00 0.00 B-6 3,000,916.19 3.21901% 3,000,916.19 8,049.97 0.00 0.00 LTR2 0.00 0.00000% 0.00 0.00 0.00 0.00 LTR1 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 500,001,016.19 1,323,044.20 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 0.00 254,466.74 0.00 152,483,694.98 A-R 0.00 0.00 0.00 0.00 0.00 A-2 0.00 0.00 113,628.55 0.00 58,354,232.27 A-3 0.00 0.00 680,114.69 0.00 249,153,857.98 X-A 0.00 0.00 200,899.98 0.00 210,837,927.25 B-1 0.00 0.00 20,296.88 0.00 11,250,000.00 B-2 0.00 0.00 12,290.63 0.00 5,750,000.00 B-3 0.00 0.00 11,563.54 0.00 4,250,000.00 X-B 0.00 0.00 12,852.18 0.11 21,250,000.00 B-4 0.00 0.00 5,365.01 0.00 2,000,000.00 B-5 0.00 0.00 3,353.13 0.00 1,250,000.00 B-6 0.00 0.00 8,049.97 0.00 3,000,916.19 LTR2 0.00 0.00 0.00 0.00 0.00 LTR1 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,322,881.30 0.11 (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-1 157,500,000.00 1.97500% 981.66797035 1.61566184 0.00000000 0.00000000 A-R 100.00 3.25085% 0.00000000 0.00000000 0.00000000 0.00000000 A-2 60,000,000.00 2.31000% 983.79695883 1.89380917 0.00000000 0.00000000 A-3 255,000,000.00 3.23863% 988.23790157 2.66711643 0.00000000 0.00000000 X-A 0.00 1.12844% 982.25527752 0.92367807 0.00000000 0.00000000 B-1 11,250,000.00 2.16500% 1000.00000000 1.80416711 0.00000000 0.00000000 B-2 5,750,000.00 2.56500% 1000.00000000 2.13750087 0.00000000 0.00000000 B-3 4,250,000.00 3.26500% 1000.00000000 2.72083294 0.00000000 0.00000000 X-B 0.00 0.73497% 1000.00000000 0.61247435 0.00000000 0.00000000 B-4 2,000,000.00 3.21901% 1000.00000000 2.68250500 0.00000000 0.00000000 B-5 1,250,000.00 3.21901% 1000.00000000 2.68250400 0.00000000 0.00000000 B-6 3,000,916.19 3.21901% 1000.00000000 2.68250411 0.00000000 0.00000000 LTR2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 LTR1 0.00 0.00000% 0.00000000 0.00000000 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-1 0.00000000 0.00000000 1.61566184 0.00000000 968.15044432 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 1.89380917 0.00000000 972.57053783 A-3 0.00000000 0.00000000 2.66711643 0.00000000 977.07395286 X-A 0.00000000 0.00000000 0.92367807 0.00000000 969.36978046 B-1 0.00000000 0.00000000 1.80416711 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.13750087 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.72083294 0.00000000 1000.00000000 X-B 0.00000000 0.00000000 0.60480847 0.00000518 1000.00000000 B-4 0.00000000 0.00000000 2.68250500 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.68250400 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.68250411 0.00000000 1000.00000000 LTR2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 LTR1 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 7,063,512.50 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,509.50 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 7,075,022.00 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 102,737.93 Payment of Interest and Principal 6,972,284.07 Total Withdrawals (Pool Distribution Amount) 7,075,022.00 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 102,737.93 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 102,737.93
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 16 0 0 0 16 4,123,383.99 0.00 0.00 0.00 4,123,383.99 60 Days 1 0 0 0 1 130,889.74 0.00 0.00 0.00 130,889.74 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 17 0 0 0 17 4,254,273.73 0.00 0.00 0.00 4,254,273.73 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 0.791687% 0.000000% 0.000000% 0.000000% 0.791687% 0.845835% 0.000000% 0.000000% 0.000000% 0.845835% 60 Days 0.049480% 0.000000% 0.000000% 0.000000% 0.049480% 0.026850% 0.000000% 0.000000% 0.000000% 0.026850% 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 0.841168% 0.000000% 0.000000% 0.000000% 0.841168% 0.872685% 0.000000% 0.000000% 0.000000% 0.872685%
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 3 0 0 0 3 680,481.13 0.00 0.00 0.00 680,481.13 60 Days 1 0 0 0 1 130,889.74 0.00 0.00 0.00 130,889.74 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 4 0 0 0 4 811,370.87 0.00 0.00 0.00 811,370.87 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.472441% 0.000000% 0.000000% 0.000000% 0.472441% 0.420958% 0.000000% 0.000000% 0.000000% 0.420958% 60 Days 0.157480% 0.000000% 0.000000% 0.000000% 0.157480% 0.080971% 0.000000% 0.000000% 0.000000% 0.080971% 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 0.629921% 0.000000% 0.000000% 0.000000% 0.629921% 0.501929% 0.000000% 0.000000% 0.000000% 0.501929% 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 1 0 0 0 1 206,705.18 0.00 0.00 0.00 206,705.18 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 1 0 0 0 1 206,705.18 0.00 0.00 0.00 206,705.18 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.404858% 0.000000% 0.000000% 0.000000% 0.404858% 0.334224% 0.000000% 0.000000% 0.000000% 0.334224% 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 0.404858% 0.000000% 0.000000% 0.000000% 0.404858% 0.334224% 0.000000% 0.000000% 0.000000% 0.334224% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 12 0 0 0 12 3,236,197.68 0.00 0.00 0.00 3,236,197.68 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 12 0 0 0 12 3,236,197.68 0.00 0.00 0.00 3,236,197.68 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.053556% 0.000000% 0.000000% 0.000000% 1.053556% 1.225852% 0.000000% 0.000000% 0.000000% 1.225852% 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 1.053556% 0.000000% 0.000000% 0.000000% 1.053556% 1.225852% 0.000000% 0.000000% 0.000000% 1.225852%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 11,509.50
COLLATERAL STATEMENT Collateral Description 1 Month LIBOR ARM Weighted Average Gross Coupon 3.469068% Weighted Average Net Coupon 3.219068% Weighted Average Pass-Through Rate 3.219068% Weighted Average Maturity(Stepdown Calculation) 298 Beginning Scheduled Collateral Loan Count 2,043 Number Of Loans Paid In Full 22 Ending Scheduled Collateral Loan Count 2,021 Beginning Scheduled Collateral Balance 493,142,103.95 Ending Scheduled Collateral Balance 487,492,701.42 Ending Actual Collateral Balance at 31-Aug-2004 487,492,701.42 Monthly P &I Constant 1,425,619.49 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 0.00 Unscheduled Principal 5,649,402.53
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Weighted Average Coupon Rate 3.444398 3.450185 3.488634 Weighted Average Net Rate 3.194398 3.200185 3.238634 Weighted Average Maturity 298 298 298 Beginning Loan Count 643 250 1,150 Loans Paid In Full 8 3 11 Ending Loan Count 635 247 1,139 Beginning Scheduled Balance 163,779,573.13 62,519,877.85 266,842,652.97 Ending scheduled Balance 161,650,562.78 61,846,292.59 263,995,846.05 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 470,101.64 179,754.28 775,763.57 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 2,129,010.35 673,585.26 2,846,806.92 Scheduled Interest 470,101.64 179,754.28 775,763.57 Servicing Fees 34,120.74 13,024.97 55,592.22 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 435,980.90 166,729.31 720,171.35 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 Pass-Through Rate 3.194398 3.200185 3.238634
Group Level Collateral Statement Group Total Collateral Description 1 Month LIBOR ARM Weighted Average Coupon Rate 3.469068 Weighted Average Net Rate 3.219068 Weighted Average Maturity 298 Beginning Loan Count 2,043 Loans Paid In Full 22 Ending Loan Count 2,021 Beginning Scheduled Balance 493,142,103.95 Ending scheduled Balance 487,492,701.42 Record Date 08/31/2004 Principal And Interest Constant 1,425,619.49 Scheduled Principal 0.00 Unscheduled Principal 5,649,402.53 Scheduled Interest 1,425,619.49 Servicing Fees 102,737.93 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,322,881.56 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 3.219068
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