Form 8-K

-----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, Jv+Eszd/ekHw/pvWg5CfGPcAkp2zM8ffskrtUo2vf0jITmA3Rr7CsNRyNQu7oQxH CFFR5NwHKNtzO10rSPEkhw== 0001019965-04-000276.txt : 20040927 0001019965-04-000276.hdr.sgml : 20040927 20040927124529 ACCESSION NUMBER: 0001019965-04-000276 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040925 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Credit Suisse First Boston Mortgage Securities Corp. Home Equity Asset Trust 2004-5 CENTRAL INDEX KEY: 0001299516 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-107055-33 FILM NUMBER: 041046577 BUSINESS ADDRESS: STREET 1: 11 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2123252000 MAIL ADDRESS: STREET 1: 11 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 8-K 1 form8k_0904.htm CSFB04HT5 8K 0904 Form 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)

27-Sep-04

Credit Suisse First Boston Mortgage Securities Corp.,
Home Equity Asset Trust 2004-5,
Home Equity Pass-Through Certificates, Series 2004-5

Credit Suisse First Boston Mortgage Securities Corp.

(Exact Name of Registrant as Specified in its Charter)

Delaware

333-107055-33

13-3320910

(State or Other Jurisdiction

Of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

11 Madison Avenue

New York, New York

(Address of Principal
Executive Offices)

10010

(Zip Code)

Registrant's telephone number, including area code: (212) 325-2000

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(b) under the Exchange Act (17 CFR 240.14a-12(b))

[ ] 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 27-Sep-04 a scheduled distribution was made from the Trust to holders of the Certificates. The Trustee has caused to be filed with the Commission, the Monthly Report dated 27-Sep-04. The Monthly Report is filed pursuant to and in accordance with (1) numerous no-action letters (2) current Commission policy in the area.

Item 9.01 Financial Statements and Exhibits.

Exhibit No. 99.1

Monthly Distribution Report dated: 27-Sep-04

SIGNATURES

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.

By: U.S. Bank National Association, as Trustee for:

Credit Suisse First Boston Mortgage Securities Corp.,

Home Equity Asset Trust 2004-5

Home Equity Pass-Through Certificates, Series 2004-5

By:

/s/ Sheryl Christopherson

Name:

Sheryl Christopherson

Title:

Vice President

Dated: 24-Sep-04

Index to Exhibits

Exhibit No. 99.1

Monthly Distribution Report dated: 27-Sep-04

EX-99.1 CHARTER 2 csfb04ht5_0904.htm CSFB 04HT5 EX991 CHARTER 0904 CSFB 2004 HEAT5 Monthly Report

Credit Suisse First Boston Mortgage Securities Corp.
Home Equity Asset Trust Series 2004-5
Mortgage Pass-Through Certificates, HEAT Series 2004-5

STATEMENT TO CERTIFICATEHOLDERS

Section 4.04 of the PSA, dated July 1, 2004

Distribution Date: 27-Sep-04

Original Beginning Interest Ending

Certificate Certificate Principal Interest Realized Loss Shortfall Total Certificate

Class Cusip Face Value Balance (1) Distribution Distribution of Principal Amount Distribution Balance (1)

A-1 437084DQ6 $430,000,000.00 $427,696,412.13 $3,838,122.34 $758,626.51 N/A $0.00 $4,596,748.85 $423,858,289.79

A-2 437084DR4 $214,250,000.00 $212,820,475.33 $3,716,168.25 $361,883.48 N/A $0.00 $4,078,051.73 $209,104,307.08

A-3 437084DS2 $44,625,000.00 $44,625,000.00 $0.00 $88,152.97 N/A $0.00 $88,152.97 $44,625,000.00

A-IO-1 437084DT0 $206,662,500.00 $205,542,566.24 $0.00 $1,192,206.98 N/A $0.00 $1,192,206.98 $203,276,279.06

A-IO-2 437084EG7 $756,000,000.00 $0.00 $0.00 $0.00 N/A $0.00 $0.00 $756,000,000.00

A-IO-S 437084EH5 $825,000,050.00 $821,266,887.65 $0.00 $166,713.31 N/A $0.00 $166,713.31 $813,712,597.06

M-1 437084DW3 $24,750,000.00 $24,750,000.00 $0.00 $50,252.81 $0.00 $0.00 $50,252.81 $24,750,000.00

M-2 437084DX1 $26,812,500.00 $26,812,500.00 $0.00 $55,177.89 $0.00 $0.00 $55,177.89 $26,812,500.00

M-3 437084DY9 $14,437,500.00 $14,437,500.00 $0.00 $30,637.58 $0.00 $0.00 $30,637.58 $14,437,500.00

M-4 437084DZ6 $14,437,500.00 $14,437,500.00 $0.00 $37,254.77 $0.00 $0.00 $37,254.77 $14,437,500.00

M-5 437084EA0 $12,375,000.00 $12,375,000.00 $0.00 $32,499.84 $0.00 $0.00 $32,499.84 $12,375,000.00

M-6 437084EB8 $12,375,000.00 $12,375,000.00 $0.00 $34,768.59 $0.00 $0.00 $34,768.59 $12,375,000.00

B-1 437084EC6 $10,312,500.00 $10,312,500.00 $0.00 $32,755.08 $0.00 $0.00 $32,755.08 $10,312,500.00

B-2 437084ED4 $10,312,500.00 $10,312,500.00 $0.00 $35,591.02 $0.00 $0.00 $35,591.02 $10,312,500.00

B-3 437084EE2 $10,312,500.00 $10,312,500.00 $0.00 $50,716.02 $0.00 $0.00 $50,716.02 $10,312,500.00

X 437084EJ1 $825,000,050.00 $821,266,887.65 $0.00 $1,443,539.05 N/A $0.00 $1,443,539.05 $813,712,597.06

R 437084DU7 $25.00 $0.00 $0.00 $0.00 N/A $0.00 $0.00 $0.00

R-II 437084DV5 $25.00 $0.00 $0.00 $0.00 N/A $0.00 $0.00 $0.00

Total $825,000,050.00 $821,266,887.46 $7,554,290.59 $4,370,775.90 $0.00 $0.00 $11,925,066.49 $813,712,596.87

(1) Classes A-IO-1, A-IO-2, A-IO-S and X are IO Certs, and the Balances reflected for these Certs are Notional Amounts

Interest Ending Current

Principal Interest Carry-forward Total Certificate Pass-Through

Class Distribution Distribution Amount Distribution Balance Class Interest Rate

A-1 $8.92586591 $1.76424770 $0.00000000 $10.69011360 $985.71695300 A-1 1.93500%

A-2 $17.34500933 $1.68907109 $0.00000000 $19.03408042 $975.98276350 A-2 1.85500%

A-3 $0.00000000 $1.97541669 $0.00000000 $1.97541669 $1,000.00000000 A-3 2.15500%

A-IO-1 $0.00000000 $5.76885976 $0.00000000 $5.76885976 $983.61472962 A-IO-1 6.38500%

A-IO-2 $0.00000000 $0.00000000 $0.00000000 $0.00000000 $1,000.00000000 A-IO-2 0.00000%

A-IO-S $0.00000000 $0.20207672 $0.00000000 $0.20207672 $986.31823969 A-IO-S 0.24359%

M-1 $0.00000000 $2.03041657 $0.00000000 $2.03041657 $1,000.00000000 M-1 2.21500%

M-2 $0.00000000 $2.05791664 $0.00000000 $2.05791664 $1,000.00000000 M-2 2.24500%

M-3 $0.00000000 $2.12208346 $0.00000000 $2.12208346 $1,000.00000000 M-3 2.31500%

M-4 $0.00000000 $2.58041697 $0.00000000 $2.58041697 $1,000.00000000 M-4 2.81500%

M-5 $0.00000000 $2.62624970 $0.00000000 $2.62624970 $1,000.00000000 M-5 2.86500%

M-6 $0.00000000 $2.80958303 $0.00000000 $2.80958303 $1,000.00000000 M-6 3.06500%

B-1 $0.00000000 $3.17625018 $0.00000000 $3.17625018 $1,000.00000000 B-1 3.46500%

B-2 $0.00000000 $3.45125042 $0.00000000 $3.45125042 $1,000.00000000 B-2 3.76500%

B-3 $0.00000000 $4.91791709 $0.00000000 $4.91791709 $1,000.00000000 B-3 5.36500%

X $0.00000000 $1.74974420 $0.00000000 $1.74974420 $986.31823969 R 1.97500%

R $0.00000000 $0.00000000 $0.00000000 $0.00000000 $0.00000000 R-II 1.97500%

R-II $0.00000000 $0.00000000 $0.00000000 $0.00000000 $0.00000000 LIBOR 1.61500%

Please contact the Bondholder Relations Department of U.S. Bank National Association at

(800) 934-6802 with any questions regarding this statement or your distribution.

U.S. BANK NATIONAL ASSOCIATION

Page 1

Credit Suisse First Boston Mortgage Securities Corp.

Home Equity Asset Trust Series 2004-5

Mortgage Pass-Through Certificates, HEAT Series 2004-5

STATEMENT TO CERTIFICATEHOLDERS

Section 4.04 of the PSA, dated July 1, 2004

Distribution Date: 27-Sep-04

GROUP 1 GROUP 2 TOTAL

(i) Principal Distributions:

Beginning Balance 407,466,980.92 232,421,528.95 639,888,509.87

Scheduled Principal 297,307.77 171,154.97 468,462.74

Prepayments (Includes Curtailments) 3,540,814.57 3,545,013.28 7,085,827.85

Net Liquidation Proceeds 0.00 0.00 0.00

Loan Purchase Prices 0.00 0.00 0.00

Total Principal Remittance 3,838,122.34 3,716,168.25 7,554,290.59

Net Realized Losses 0.00 0.00 0.00

Ending Balance 403,628,858.58 228,705,360.70 632,334,219.28

Ending Count 2,921 1,230 4,151

(ii) Aggregate Ending Collateral Balance 508,858,290.21 304,854,306.85 813,712,597.06

(iii) Ending Overcollateralization Amount 0.19

(iv) Prefunding Account:

Beginning Balance 111,239,903.00 83,796,017.00 195,035,920.00

Subsequent Transfer 6,010,471.37 7,647,070.85 13,657,542.22

Added to available certificate principal 0.00 0.00 0.00

Amount on Deposit in Prefunding Account 105,229,431.63 76,148,946.15 181,378,377.78

(v) Interest Distributions:

Scheduled Interest - Net of Serv Fee & LPMI & Dividend Rewards 2,354,057.14 1,321,538.44 3,675,595.58

Less Relief Act Interest Shortfall 0.00 0.00 0.00

Less Net Prepayment Interest Shortfall 0.00 0.00 0.00

2,354,057.14 1,321,538.44 3,675,595.58

(vi) Capitalized Interest Account:

Beginning Balance 1,336,750.14

less: Capitalized Interest Requirement 352,392.06 255,007.40 607,399.46

less: Withdrawal of Overfunded Interest Amount to Depositor 0.00

Ending Balance 729,350.68

(vii) Servicing Fee 63,483.62 36,423.28 99,906.91

Trustee Fee 1,256.36 716.63 1,972.99

Credit Risk Manager Fee 5,602.67 3,195.80 8,798.47

Dividend Rewards 0.00 0.00 0.00

Excess Servicing Fee 106,294.29 60,419.02 166,713.31

FSA Premium 0.00 0.00 0.00

Page 2

Credit Suisse First Boston Mortgage Securities Corp.

Home Equity Asset Trust Series 2004-5

Mortgage Pass-Through Certificates, HEAT Series 2004-5

STATEMENT TO CERTIFICATEHOLDERS

Section 4.04 of the PSA, dated July 1, 2004

Distribution Date: 27-Sep-04

(viii) Advances Current Aggregate Advances as of determination date 994,568.75

Outstanding Aggregate Advances as of end of prior calendar month 735,092.23

(ix) Has Ocwen failed the Termination Test? NO

(x) Delinquency Information

30-59 days delinquent 60-89 days delinquent 90 or more days delinquent

Count Balance Count Balance Count Balance

Group 1 29 3,845,981.04 1 98,781.18 0 0.00

Group 2 9 2,365,703.88 0 0.00 0 0.00

Total 38 6,211,684.92 1 98,781.18 0 0.00

*Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties.

Outstanding Loans Foreclosure Bankruptcy REO

Count Balance Count Balance Count Balance Count Balance Market Value

Group 1 2,921 403,628,858.58 0 0.00 0 0.00 0 0.00 0.00

Group 2 1,230 228,705,360.70 0 0.00 0 0.00 0 0.00 0.00

Total 4,151 632,334,219.28 0 0.00 0 0.00 0 0.00 0.00

(xi) Number of Loans for which Prepayment Premiums were collected 14

Principal Balance of Loans for which Prepayment Premiums were collected 3,293,995.57

Current amount of Prepayment Premiums 98,549.24

(xii) Current Delinquency Rate (60+days) 0.01214%

Rolling Three Month Delinquency Rate (60+days) 0.00607%

(xiii) Number of Loans Repurchased 0

Principal Balance of Loans Repurchased 0.00

(xiv) Realized Losses incurred during the related Due Period 0.00

Cumulative Realized Losses since Startup Day 0.00

(xv) Weighted Average Term to Maturity of Mortgage Loans 354

Weighted Average Gross Coupon of Mortgage Loans 7.08351%

Weighted Average Net Coupon of Mortgage Loans 6.55980%

Page 3

Credit Suisse First Boston Mortgage Securities Corp.

Home Equity Asset Trust Series 2004-5

Mortgage Pass-Through Certificates, HEAT Series 2004-5

STATEMENT TO CERTIFICATEHOLDERS

Section 4.04 of the PSA, dated July 1, 2004

Distribution Date: 27-Sep-04

(xvi) Aggregate number of Mortgage Loans in the pool 4,151

(xvii) Insured Payment on Class A 0.00

(xviii) Senior Enhancement Percentage 16.57500%

(xix) Net Excess Spread 1.57509%

(xx) Deposit to Basis Risk Reserve Fund 0.00

Basis Risk Reserve Fund Balance 5,000.00

(xxi) Interest Rate Cap Account

Beginning Balance 0.00

Deposits 0.00

Withdrawals 0.00

Ending Balance 0.00

Target Amount for the preceding Distribution Date 16,500,000.81

Page 4

-----END PRIVACY-ENHANCED MESSAGE-----

STATEMENT TO CERTIFICATEHOLDERS
Section 4.04 of the PSA, dated July 1, 2004

		Original	Beginning				Interest		Ending
		Certificate	Certificate	Principal	Interest	Realized Loss	Shortfall	Total	Certificate
Class	Cusip	Face Value	Balance (1)	Distribution	Distribution	of Principal	Amount	Distribution	Balance (1)
A-1	437084DQ6	$430,000,000.00	$427,696,412.13	$3,838,122.34	$758,626.51	N/A	$0.00	$4,596,748.85	$423,858,289.79
A-2	437084DR4	$214,250,000.00	$212,820,475.33	$3,716,168.25	$361,883.48	N/A	$0.00	$4,078,051.73	$209,104,307.08
A-3	437084DS2	$44,625,000.00	$44,625,000.00	$0.00	$88,152.97	N/A	$0.00	$88,152.97	$44,625,000.00
A-IO-1	437084DT0	$206,662,500.00	$205,542,566.24	$0.00	$1,192,206.98	N/A	$0.00	$1,192,206.98	$203,276,279.06
A-IO-2	437084EG7	$756,000,000.00	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$756,000,000.00
A-IO-S	437084EH5	$825,000,050.00	$821,266,887.65	$0.00	$166,713.31	N/A	$0.00	$166,713.31	$813,712,597.06
M-1	437084DW3	$24,750,000.00	$24,750,000.00	$0.00	$50,252.81	$0.00	$0.00	$50,252.81	$24,750,000.00
M-2	437084DX1	$26,812,500.00	$26,812,500.00	$0.00	$55,177.89	$0.00	$0.00	$55,177.89	$26,812,500.00
M-3	437084DY9	$14,437,500.00	$14,437,500.00	$0.00	$30,637.58	$0.00	$0.00	$30,637.58	$14,437,500.00
M-4	437084DZ6	$14,437,500.00	$14,437,500.00	$0.00	$37,254.77	$0.00	$0.00	$37,254.77	$14,437,500.00
M-5	437084EA0	$12,375,000.00	$12,375,000.00	$0.00	$32,499.84	$0.00	$0.00	$32,499.84	$12,375,000.00
M-6	437084EB8	$12,375,000.00	$12,375,000.00	$0.00	$34,768.59	$0.00	$0.00	$34,768.59	$12,375,000.00
B-1	437084EC6	$10,312,500.00	$10,312,500.00	$0.00	$32,755.08	$0.00	$0.00	$32,755.08	$10,312,500.00
B-2	437084ED4	$10,312,500.00	$10,312,500.00	$0.00	$35,591.02	$0.00	$0.00	$35,591.02	$10,312,500.00
B-3	437084EE2	$10,312,500.00	$10,312,500.00	$0.00	$50,716.02	$0.00	$0.00	$50,716.02	$10,312,500.00
X	437084EJ1	$825,000,050.00	$821,266,887.65	$0.00	$1,443,539.05	N/A	$0.00	$1,443,539.05	$813,712,597.06
R	437084DU7	$25.00	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00
R-II	437084DV5	$25.00	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00
Total		$825,000,050.00	$821,266,887.46	$7,554,290.59	$4,370,775.90	$0.00	$0.00	$11,925,066.49	$813,712,596.87

			Interest		Ending		Current
	Principal	Interest	Carry-forward	Total	Certificate		Pass-Through
Class	Distribution	Distribution	Amount	Distribution	Balance	Class	Interest Rate
A-1	$8.92586591	$1.76424770	$0.00000000	$10.69011360	$985.71695300	A-1	1.93500%
A-2	$17.34500933	$1.68907109	$0.00000000	$19.03408042	$975.98276350	A-2	1.85500%
A-3	$0.00000000	$1.97541669	$0.00000000	$1.97541669	$1,000.00000000	A-3	2.15500%
A-IO-1	$0.00000000	$5.76885976	$0.00000000	$5.76885976	$983.61472962	A-IO-1	6.38500%
A-IO-2	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$1,000.00000000	A-IO-2	0.00000%
A-IO-S	$0.00000000	$0.20207672	$0.00000000	$0.20207672	$986.31823969	A-IO-S	0.24359%
M-1	$0.00000000	$2.03041657	$0.00000000	$2.03041657	$1,000.00000000	M-1	2.21500%
M-2	$0.00000000	$2.05791664	$0.00000000	$2.05791664	$1,000.00000000	M-2	2.24500%
M-3	$0.00000000	$2.12208346	$0.00000000	$2.12208346	$1,000.00000000	M-3	2.31500%
M-4	$0.00000000	$2.58041697	$0.00000000	$2.58041697	$1,000.00000000	M-4	2.81500%
M-5	$0.00000000	$2.62624970	$0.00000000	$2.62624970	$1,000.00000000	M-5	2.86500%
M-6	$0.00000000	$2.80958303	$0.00000000	$2.80958303	$1,000.00000000	M-6	3.06500%
B-1	$0.00000000	$3.17625018	$0.00000000	$3.17625018	$1,000.00000000	B-1	3.46500%
B-2	$0.00000000	$3.45125042	$0.00000000	$3.45125042	$1,000.00000000	B-2	3.76500%
B-3	$0.00000000	$4.91791709	$0.00000000	$4.91791709	$1,000.00000000	B-3	5.36500%
X	$0.00000000	$1.74974420	$0.00000000	$1.74974420	$986.31823969	R	1.97500%
R	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	R-II	1.97500%
R-II	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	LIBOR	1.61500%

Please contact the Bondholder Relations Department of U.S. Bank National Association at
(800) 934-6802 with any questions regarding this statement or your distribution.
U.S. BANK NATIONAL ASSOCIATION

		GROUP 1	GROUP 2	TOTAL
(i)	Principal Distributions:
	Beginning Balance	407,466,980.92	232,421,528.95	639,888,509.87
	Scheduled Principal	297,307.77	171,154.97	468,462.74
	Prepayments (Includes Curtailments)	3,540,814.57	3,545,013.28	7,085,827.85
	Net Liquidation Proceeds	0.00	0.00	0.00
	Loan Purchase Prices	0.00	0.00	0.00
	Total Principal Remittance	3,838,122.34	3,716,168.25	7,554,290.59
	Net Realized Losses	0.00	0.00	0.00
	Ending Balance	403,628,858.58	228,705,360.70	632,334,219.28
	Ending Count	2,921	1,230	4,151

(iv)	Prefunding Account:
	Beginning Balance	111,239,903.00	83,796,017.00	195,035,920.00
	Subsequent Transfer	6,010,471.37	7,647,070.85	13,657,542.22
	Added to available certificate principal	0.00	0.00	0.00
	Amount on Deposit in Prefunding Account	105,229,431.63	76,148,946.15	181,378,377.78

(v)	Interest Distributions:
	Scheduled Interest - Net of Serv Fee & LPMI & Dividend Rewards	2,354,057.14	1,321,538.44	3,675,595.58
	Less Relief Act Interest Shortfall	0.00	0.00	0.00
	Less Net Prepayment Interest Shortfall	0.00	0.00	0.00
		2,354,057.14	1,321,538.44	3,675,595.58
(vi)	Capitalized Interest Account:
	Beginning Balance			1,336,750.14
	less: Capitalized Interest Requirement	352,392.06	255,007.40	607,399.46
	less: Withdrawal of Overfunded Interest Amount to Depositor			0.00
	Ending Balance			729,350.68

(vii)	Servicing Fee	63,483.62	36,423.28	99,906.91
	Trustee Fee	1,256.36	716.63	1,972.99
	Credit Risk Manager Fee	5,602.67	3,195.80	8,798.47
	Dividend Rewards	0.00	0.00	0.00
	Excess Servicing Fee	106,294.29	60,419.02	166,713.31
	FSA Premium	0.00	0.00	0.00

(viii)	Advances	Current Aggregate Advances as of determination date				994,568.75
		Outstanding Aggregate Advances as of end of prior calendar month				735,092.23

	30-59 days delinquent		60-89 days delinquent		90 or more days delinquent
	Count	Balance	Count	Balance	Count	Balance
Group 1	29	3,845,981.04	1	98,781.18	0	0.00
Group 2	9	2,365,703.88	0	0.00	0	0.00
Total	38	6,211,684.92	1	98,781.18	0	0.00
*Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties.

	Outstanding Loans		Foreclosure		Bankruptcy		REO
	Count	Balance	Count	Balance	Count	Balance	Count	Balance	Market Value
Group 1	2,921	403,628,858.58	0	0.00	0	0.00	0	0.00	0.00
Group 2	1,230	228,705,360.70	0	0.00	0	0.00	0	0.00	0.00
Total	4,151	632,334,219.28	0	0.00	0	0.00	0	0.00	0.00

(xi)	Number of Loans for which Prepayment Premiums were collected	14
	Principal Balance of Loans for which Prepayment Premiums were collected	3,293,995.57
	Current amount of Prepayment Premiums	98,549.24

(xii)	Current Delinquency Rate (60+days)					0.01214%
	Rolling Three Month Delinquency Rate (60+days)					0.00607%

(xiii)	Number of Loans Repurchased					0
	Principal Balance of Loans Repurchased					0.00

(xiv)	Realized Losses incurred during the related Due Period					0.00
	Cumulative Realized Losses since Startup Day					0.00

(xv)	Weighted Average Term to Maturity of Mortgage Loans	354
	Weighted Average Gross Coupon of Mortgage Loans	7.08351%
	Weighted Average Net Coupon of Mortgage Loans	6.55980%

(xx)	Deposit to Basis Risk Reserve Fund					0.00
	Basis Risk Reserve Fund Balance					5,000.00

(xxi)	Interest Rate Cap Account
		Beginning Balance	0.00
		Deposits	0.00
		Withdrawals	0.00
		Ending Balance	0.00