-----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, N5L4qisdLuU0l7bLNloZNh1Jf+94jLAUg8OvtxWed71HuF1OjNQsYCm1WKpcizKi rD2KLs5GDa0pZyrlkwTgQA== 0001056404-04-004133.txt : 20041202 0001056404-04-004133.hdr.sgml : 20041202 20041202110145 ACCESSION NUMBER: 0001056404-04-004133 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041129 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bayview Financial Sec Co LLC Mort Pas Thr Certs Ser 2004 C CENTRAL INDEX KEY: 0001301458 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-104181-05 FILM NUMBER: 041179299 BUSINESS ADDRESS: STREET 1: 4425 PONCE DE LEON BLVD 4TH FLOOR CITY: CORAL GABLES STATE: FL ZIP: 33134 BUSINESS PHONE: 3058548880 MAIL ADDRESS: STREET 1: 4425 PONCE DE LEON BLVD 4TH FLOOR CITY: CORAL GABLES STATE: FL ZIP: 33134 8-K 1 bay0400c_nov.txt NOVEMBER 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): November 29, 2004 BAYVIEW FINANCIAL SECURITIES COMPANY, LLC. Mortgage Pass-Through Certificates, Series 2004-C Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104181-05 54-6636503 Pooling and Servicing Agreement) (Commission 54-6636504 (State or other File Number) 54-6636505 jurisdiction 54-6636506 of Incorporation) 54-6636507 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 November 29, 2004 a distribution was made to holders of BAYVIEW FINANCIAL SECURITIES COMPANY, LLC., Mortgage Pass-Through Certificates, Series 2004-C 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-C Trust, relating to the November 29, 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. BAYVIEW FINANCIAL SECURITIES COMPANY, LLC. Mortgage Pass-Through Certificates, Series 2004-C Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-C Trust, relating to the November 29, 2004 distribution. EX-99.1
Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Record Date: 10/30/2004 Distribution Date: 11/29/2004 BAY Series: 2004-C 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-IO 073247BH0 SEN 3.50000% 0.00 641,538.60 0.00 A-1 073247BJ6 SEN 2.37875% 283,337,094.06 599,100.54 11,829,681.05 A-2A 073247BK3 SEN 2.30875% 38,180,079.09 78,354.01 1,594,066.46 A-2B 073247BV9 SEN 2.54275% 16,362,891.04 36,983.77 683,171.34 M-1 073247BL1 MEZ 2.60875% 19,115,000.00 44,325.56 0.00 M-2 073247BM9 MEZ 2.70875% 6,371,000.00 15,339.95 0.00 M-3 073247BN7 MEZ 3.25875% 10,619,000.00 30,759.70 0.00 M-4 073247BP2 MEZ 3.50875% 4,247,000.00 13,245.92 0.00 B 073247BQ0 JUN 6.20875% 10,619,000.00 58,605.08 0.00 X 073247BR8 SEN 0.00000% 0.00 229,116.52 0.00 F 073247BS6 SEN 1.54125% 0.00 260,096.46 0.00 P 073247BT4 SEN 0.00000% 100.00 3,888.36 0.00 R 073247BU1 RES 0.00000% 0.00 0.00 0.00 Totals 388,851,164.19 2,011,354.47 14,106,918.85
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 641,538.60 0.00 A-1 0.00 271,507,413.01 12,428,781.59 0.00 A-2A 0.00 36,586,012.63 1,672,420.47 0.00 A-2B 0.00 15,679,719.70 720,155.11 0.00 M-1 0.00 19,115,000.00 44,325.56 0.00 M-2 0.00 6,371,000.00 15,339.95 0.00 M-3 0.00 10,619,000.00 30,759.70 0.00 M-4 0.00 4,247,000.00 13,245.92 0.00 B 0.00 10,619,000.00 58,605.08 0.00 X 0.00 0.00 229,116.52 0.00 F 0.00 0.00 260,096.46 0.00 P 0.00 100.00 3,888.36 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 374,744,245.34 16,118,273.32 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-IO 0.00 0.00 0.00 0.00 0.00 0.00 A-1 311,685,000.00 283,337,094.06 559,702.79 11,269,978.26 0.00 0.00 A-2A 42,000,000.00 38,180,079.09 75,420.75 1,518,645.71 0.00 0.00 A-2B 18,000,000.00 16,362,891.04 32,323.18 650,848.16 0.00 0.00 M-1 19,115,000.00 19,115,000.00 0.00 0.00 0.00 0.00 M-2 6,371,000.00 6,371,000.00 0.00 0.00 0.00 0.00 M-3 10,619,000.00 10,619,000.00 0.00 0.00 0.00 0.00 M-4 4,247,000.00 4,247,000.00 0.00 0.00 0.00 0.00 B 10,619,000.00 10,619,000.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 F 0.00 0.00 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 422,656,100.00 388,851,164.19 667,446.72 13,439,472.13 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-IO 0.00 0.00 0.00000000 0.00 A-1 11,829,681.05 271,507,413.01 0.87109554 11,829,681.05 A-2A 1,594,066.46 36,586,012.63 0.87109554 1,594,066.46 A-2B 683,171.34 15,679,719.70 0.87109554 683,171.34 M-1 0.00 19,115,000.00 1.00000000 0.00 M-2 0.00 6,371,000.00 1.00000000 0.00 M-3 0.00 10,619,000.00 1.00000000 0.00 M-4 0.00 4,247,000.00 1.00000000 0.00 B 0.00 10,619,000.00 1.00000000 0.00 X 0.00 0.00 0.00000000 0.00 F 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 14,106,918.85 374,744,245.34 0.88664104 14,106,918.85
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-1 311,685,000.00 909.04950209 1.79573220 36.15823110 0.00000000 A-2A 42,000,000.00 909.04950214 1.79573214 36.15823119 0.00000000 A-2B 18,000,000.00 909.04950222 1.79573222 36.15823111 0.00000000 M-1 19,115,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 6,371,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 10,619,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 4,247,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 10,619,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 F 0.00 0.00000000 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 (2) All Classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 37.95396330 871.09553880 0.87109554 37.95396330 A-2A 0.00000000 37.95396333 871.09553881 0.87109554 37.95396333 A-2B 0.00000000 37.95396333 871.09553889 0.87109554 37.95396333 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 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 F 0.00000000 0.00000000 0.00000000 0.00000000 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-IO 0.00 3.50000% 219,956,090.00 641,538.60 0.00 0.00 A-1 311,685,000.00 2.37875% 283,337,094.06 599,100.54 0.00 0.00 A-2A 42,000,000.00 2.30875% 38,180,079.09 78,354.01 0.00 0.00 A-2B 18,000,000.00 2.54275% 16,362,891.04 36,983.77 0.00 0.00 M-1 19,115,000.00 2.60875% 19,115,000.00 44,325.56 0.00 0.00 M-2 6,371,000.00 2.70875% 6,371,000.00 15,339.95 0.00 0.00 M-3 10,619,000.00 3.25875% 10,619,000.00 30,759.70 0.00 0.00 M-4 4,247,000.00 3.50875% 4,247,000.00 13,245.92 0.00 0.00 B 10,619,000.00 6.20875% 10,619,000.00 58,605.08 0.00 0.00 X 0.00 0.00000% 0.00 0.00 0.00 0.00 F 0.00 1.54125% 189,851,430.20 260,096.46 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 422,656,100.00 1,778,349.59 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-IO 0.00 0.00 641,538.60 0.00 208,843,921.00 A-1 0.00 0.00 599,100.54 0.00 271,507,413.01 A-2A 0.00 0.00 78,354.01 0.00 36,586,012.63 A-2B 0.00 0.00 36,983.77 0.00 15,679,719.70 M-1 0.00 0.00 44,325.56 0.00 19,115,000.00 M-2 0.00 0.00 15,339.95 0.00 6,371,000.00 M-3 0.00 0.00 30,759.70 0.00 10,619,000.00 M-4 0.00 0.00 13,245.92 0.00 4,247,000.00 B 0.00 0.00 58,605.08 0.00 10,619,000.00 X 0.00 0.00 229,116.52 0.00 0.00 F 0.00 0.00 260,096.46 0.00 186,162,047.95 P 0.00 0.00 3,888.36 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,011,354.47 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-IO 0.00 3.50000% 901.53565368 2.62947901 0.00000000 0.00000000 A-1 311,685,000.00 2.37875% 909.04950209 1.92213466 0.00000000 0.00000000 A-2A 42,000,000.00 2.30875% 909.04950214 1.86557167 0.00000000 0.00000000 A-2B 18,000,000.00 2.54275% 909.04950222 2.05465389 0.00000000 0.00000000 M-1 19,115,000.00 2.60875% 1000.00000000 2.31888883 0.00000000 0.00000000 M-2 6,371,000.00 2.70875% 1000.00000000 2.40777743 0.00000000 0.00000000 M-3 10,619,000.00 3.25875% 1000.00000000 2.89666635 0.00000000 0.00000000 M-4 4,247,000.00 3.50875% 1000.00000000 3.11888863 0.00000000 0.00000000 B 10,619,000.00 6.20875% 1000.00000000 5.51888878 0.00000000 0.00000000 X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 F 0.00 1.54125% 947.50798536 1.29808594 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) All Classes are per $1,000 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-IO 0.00000000 0.00000000 2.62947901 0.00000000 855.99012438 A-1 0.00000000 0.00000000 1.92213466 0.00000000 871.09553880 A-2A 0.00000000 0.00000000 1.86557167 0.00000000 871.09553881 A-2B 0.00000000 0.00000000 2.05465389 0.00000000 871.09553889 M-1 0.00000000 0.00000000 2.31888883 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.40777743 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.89666635 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.11888863 0.00000000 1000.00000000 B 0.00000000 0.00000000 5.51888878 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 F 0.00000000 0.00000000 1.29808594 0.00000000 929.09506564 P 0.00000000 0.00000000 38883.60000000 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 16,257,247.52 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 146,907.56 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 3,888.36 Total Deposits 16,408,043.44 Withdrawals Reimbursement for Servicer Advances 122,283.92 Payment of Service Fee 167,486.20 Payment of Interest and Principal 16,118,273.32 Total Withdrawals (Pool Distribution Amount) 16,408,043.44 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 160,145.58 Custodian Fee 815.62 Master Servicing Fee 4,893.75 Trustee Fee 1,631.25 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 167,486.20
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00
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 40 0 0 40 3,676,453.93 0.00 0.00 3,676,453.93 30 Days 131 6 0 0 137 12,820,760.77 433,127.99 0.00 0.00 13,253,888.76 60 Days 44 2 0 0 46 3,478,230.77 164,534.85 0.00 0.00 3,642,765.62 90 Days 2 2 8 0 12 57,088.74 296,599.98 409,280.27 0.00 762,968.99 120 Days 2 0 1 3 6 209,097.97 0.00 109,938.33 233,613.17 552,649.47 150 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 179 50 9 3 241 16,565,178.25 4,570,716.75 519,218.60 233,613.17 21,888,726.77 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 1.109262% 0.000000% 0.000000% 1.109262% 0.971997% 0.000000% 0.000000% 0.971997% 30 Days 3.632834% 0.166389% 0.000000% 0.000000% 3.799224% 3.389610% 0.114512% 0.000000% 0.000000% 3.504122% 60 Days 1.220189% 0.055463% 0.000000% 0.000000% 1.275652% 0.919590% 0.043500% 0.000000% 0.000000% 0.963091% 90 Days 0.055463% 0.055463% 0.221852% 0.000000% 0.332779% 0.015093% 0.078416% 0.108207% 0.000000% 0.201717% 120 Days 0.055463% 0.000000% 0.027732% 0.083195% 0.166389% 0.055282% 0.000000% 0.029066% 0.061764% 0.146112% 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 4.963949% 1.386578% 0.249584% 0.083195% 6.683306% 4.379576% 1.208426% 0.137273% 0.061764% 5.787039%
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 25 0 0 25 1,277,279.05 0.00 0.00 1,277,279.05 30 Days 95 2 0 0 97 7,434,676.53 94,701.65 0.00 0.00 7,529,378.18 60 Days 32 1 0 0 33 2,049,935.89 59,604.50 0.00 0.00 2,109,540.39 90 Days 2 1 6 0 9 57,088.74 242,348.18 266,288.54 0.00 565,725.46 120 Days 2 0 0 3 5 209,097.97 0.00 0.00 233,613.17 442,711.14 150 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 131 29 6 3 169 9,750,799.13 1,673,933.38 266,288.54 233,613.17 11,924,634.22 0-29 Days 1.137398% 0.000000% 0.000000% 1.137398% 0.684966% 0.000000% 0.000000% 0.684966% 30 Days 4.322111% 0.090992% 0.000000% 0.000000% 4.413103% 3.986990% 0.050786% 0.000000% 0.000000% 4.037775% 60 Days 1.455869% 0.045496% 0.000000% 0.000000% 1.501365% 1.099318% 0.031964% 0.000000% 0.000000% 1.131282% 90 Days 0.090992% 0.045496% 0.272975% 0.000000% 0.409463% 0.030615% 0.129964% 0.142802% 0.000000% 0.303381% 120 Days 0.090992% 0.000000% 0.000000% 0.136488% 0.227480% 0.112133% 0.000000% 0.000000% 0.125280% 0.237412% 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 5.959964% 1.319381% 0.272975% 0.136488% 7.688808% 5.229056% 0.897679% 0.142802% 0.125280% 6.394817% 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 15 0 0 15 2,399,174.88 0.00 0.00 2,399,174.88 30 Days 36 4 0 0 40 5,386,084.24 338,426.34 0.00 0.00 5,724,510.58 60 Days 12 1 0 0 13 1,428,294.88 104,930.35 0.00 0.00 1,533,225.23 90 Days 0 1 2 0 3 0.00 54,251.80 142,991.73 0.00 197,243.53 120 Days 0 0 1 0 1 0.00 0.00 109,938.33 0.00 109,938.33 150 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 48 21 3 0 72 6,814,379.12 2,896,783.37 252,930.06 0.00 9,964,092.55 0-29 Days 1.065341% 0.000000% 0.000000% 1.065341% 1.251110% 0.000000% 0.000000% 1.251110% 30 Days 2.556818% 0.284091% 0.000000% 0.000000% 2.840909% 2.808710% 0.176481% 0.000000% 0.000000% 2.985191% 60 Days 0.852273% 0.071023% 0.000000% 0.000000% 0.923295% 0.744821% 0.054719% 0.000000% 0.000000% 0.799539% 90 Days 0.000000% 0.071023% 0.142045% 0.000000% 0.213068% 0.000000% 0.028291% 0.074567% 0.000000% 0.102858% 120 Days 0.000000% 0.000000% 0.071023% 0.000000% 0.071023% 0.000000% 0.000000% 0.057330% 0.000000% 0.057330% 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 3.409091% 1.491477% 0.213068% 0.000000% 5.113636% 3.553531% 1.510601% 0.131897% 0.000000% 5.196028%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 146,907.56 Class F 50,971,100.00 11.99928152% 50,971,100.00 13.49790179% 0.000000% 0.000000% Class M-1 31,856,100.00 7.49935379% 31,856,100.00 8.43596684% 5.061935% 0.000000% Class M-2 25,485,100.00 5.99953482% 25,485,100.00 6.74883173% 1.687135% 0.000000% Class M-3 14,866,100.00 3.49967960% 14,866,100.00 3.93676334% 2.812068% 0.000000% Class M-4 10,619,100.00 2.49987876% 10,619,100.00 2.81209487% 1.124668% 0.000000% Class B 100.00 0.00002354% 100.00 0.00002648% 2.812068% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000026% 0.000000% Class X 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class R 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.361038% Weighted Average Net Coupon 6.870170% Weighted Average Pass-Through Rate 6.847670% Weighted Average Maturity(Stepdown Calculation ) 278 Beginning Scheduled Collateral Loan Count 3,691 Number Of Loans Paid In Full 85 Ending Scheduled Collateral Loan Count 3,606 Beginning Scheduled Collateral Balance 391,500,197.20 Ending Scheduled Collateral Balance 377,622,394.87 Ending Actual Collateral Balance at 30-Oct-2004 378,237,054.63 Monthly P &I Constant 3,068,986.51 Special Servicing Fee 0.00 Prepayment Penalties 3,888.36 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 667,446.72 Unscheduled Principal 13,210,355.61
Other Income 6,031.08 Non Supp Compensating Interes (3,501.83)
Miscellaneous Reporting Base Overcollateralization Amount 2,123,937.15 Excess Cash Amount 458,233.03 Extra Principal Distribution Amount 229,116.52 Overcollateralized Amount 2,878,149.53 Overcollaterized Deficiency Amount 9,032,521.33 Specified Overcollateralization Amount 11,681,654.35
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.836746 6.913161 7.361038 Weighted Average Net Rate 7.331304 6.436014 6.870170 Weighted Average Maturity 260 293 278 Beginning Loan Count 2,235 1,456 3,691 Loans Paid In Full 37 48 85 Ending Loan Count 2,198 1,408 3,606 Beginning Scheduled Balance 189,851,430.20 201,648,767.00 391,500,197.20 Ending scheduled Balance 186,162,047.95 191,460,346.92 377,622,394.87 Record Date 10/30/2004 10/30/2004 10/30/2004 Principal And Interest Constant 1,584,971.05 1,484,015.46 3,068,986.51 Scheduled Principal 345,123.25 322,323.47 667,446.72 Unscheduled Principal 3,344,259.00 9,866,096.61 13,210,355.61 Scheduled Interest 1,239,847.80 1,161,691.99 2,401,539.79 Servicing Fees 79,965.61 80,179.97 160,145.58 Master Servicing Fees 2,373.14 2,520.61 4,893.75 Trustee Fee 791.05 840.20 1,631.25 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 395.52 420.10 815.62 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 1,156,322.48 1,077,731.11 2,234,053.59 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 7.308804 6.413514 6.847670
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