-----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, HjS9Jr7+hPqIiVVQoA1sf9zCCiu2iUWS3ltzpM0KAznsDG5DKtwBFBm51SP5E0pS wbGvntwpmEa5YSR08jbveg== 0001056404-05-000284.txt : 20050105 0001056404-05-000284.hdr.sgml : 20050105 20050105142259 ACCESSION NUMBER: 0001056404-05-000284 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: ABFC Asset-Backed Certificates, Series 2004-HE1 CENTRAL INDEX KEY: 0001301683 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-108551-10 FILM NUMBER: 05511891 BUSINESS ADDRESS: STREET 1: 100 NORTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 7043862400 MAIL ADDRESS: STREET 1: 100 NORTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 abf04he1_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 ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2004-HE1 Trust (Exact name of registrant as specified in its charter) Nevada (governing law of 333-108551-10 54-6636485 Pooling and Servicing Agreement) (Commission 54-6636486 (State or other File Number) 54-6636411 jurisdiction IRS EIN of Incorporation) 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 ASSET BACKED FUNDING CORPORATION, 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 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. ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2004-HE1 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: 12/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-HE1 Trust, relating to the December 27, 2004 distribution. EX-99.1
Asset Backed Funding Corporation Asset Backed Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Asset Backed Funding Corporation 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 A-1 04542BJK9 SEN 2.31000% 252,621,957.03 502,467.33 20,045,001.34 A-2 04542BJL7 SEN 2.50000% 346,754,000.00 746,425.11 0.00 A-3 04542BJM5 SEN 2.71000% 68,976,000.00 160,950.39 0.00 M-1 04542BJP8 SUB 2.78000% 45,594,000.00 109,138.31 0.00 M-2 04542BJQ6 SUB 3.33000% 36,131,000.00 103,597.43 0.00 M-3 04542BJR4 SUB 3.53000% 9,033,000.00 27,455.63 0.00 M-4 04542BJS2 SUB 3.88000% 8,603,000.00 28,741.30 0.00 M-5 04542BJT0 SUB 4.03000% 8,603,000.00 29,852.43 0.00 M-6 04542BJU7 SUB 5.68000% 8,603,000.00 42,074.90 0.00 M-7 04542BJV5 SUB 5.68000% 2,581,000.00 12,622.96 0.00 M-8 04542BJW3 SUB 5.68000% 6,022,000.00 29,451.94 0.00 M-9 04542BJX1 SUB 5.68000% 5,161,000.00 25,241.03 0.00 CE ABF4HE1CE SEN 0.00000% 7,312,305.44 2,103,762.75 0.00 R-1 ABF4HE1R1 SEN 0.00000% 0.00 0.00 0.00 R-2 ABF4HE1R2 SEN 0.00000% 0.00 0.00 0.00 P ABF04HE1P SEN 0.00000% 0.00 262,553.09 0.00 Totals 805,995,262.47 4,184,334.60 20,045,001.34
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 232,576,955.69 20,547,468.67 0.00 A-2 0.00 346,754,000.00 746,425.11 0.00 A-3 0.00 68,976,000.00 160,950.39 0.00 M-1 0.00 45,594,000.00 109,138.31 0.00 M-2 0.00 36,131,000.00 103,597.43 0.00 M-3 0.00 9,033,000.00 27,455.63 0.00 M-4 0.00 8,603,000.00 28,741.30 0.00 M-5 0.00 8,603,000.00 29,852.43 0.00 M-6 0.00 8,603,000.00 42,074.90 0.00 M-7 0.00 2,581,000.00 12,622.96 0.00 M-8 0.00 6,022,000.00 29,451.94 0.00 M-9 0.00 5,161,000.00 25,241.03 0.00 CE 0.00 7,312,305.44 2,103,762.75 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 P 0.00 0.00 262,553.09 0.00 Totals 0.00 785,950,261.13 24,229,335.94 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-1 306,897,000.00 252,621,957.03 0.00 20,045,001.34 0.00 0.00 A-2 346,754,000.00 346,754,000.00 0.00 0.00 0.00 0.00 A-3 68,976,000.00 68,976,000.00 0.00 0.00 0.00 0.00 M-1 45,594,000.00 45,594,000.00 0.00 0.00 0.00 0.00 M-2 36,131,000.00 36,131,000.00 0.00 0.00 0.00 0.00 M-3 9,033,000.00 9,033,000.00 0.00 0.00 0.00 0.00 M-4 8,603,000.00 8,603,000.00 0.00 0.00 0.00 0.00 M-5 8,603,000.00 8,603,000.00 0.00 0.00 0.00 0.00 M-6 8,603,000.00 8,603,000.00 0.00 0.00 0.00 0.00 M-7 2,581,000.00 2,581,000.00 0.00 0.00 0.00 0.00 M-8 6,022,000.00 6,022,000.00 0.00 0.00 0.00 0.00 M-9 5,161,000.00 5,161,000.00 0.00 0.00 0.00 0.00 CE 7,313,227.77 7,312,305.44 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 Totals 860,271,227.77 805,995,262.47 0.00 20,045,001.34 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 20,045,001.34 232,576,955.69 0.75783392 20,045,001.34 A-2 0.00 346,754,000.00 1.00000000 0.00 A-3 0.00 68,976,000.00 1.00000000 0.00 M-1 0.00 45,594,000.00 1.00000000 0.00 M-2 0.00 36,131,000.00 1.00000000 0.00 M-3 0.00 9,033,000.00 1.00000000 0.00 M-4 0.00 8,603,000.00 1.00000000 0.00 M-5 0.00 8,603,000.00 1.00000000 0.00 M-6 0.00 8,603,000.00 1.00000000 0.00 M-7 0.00 2,581,000.00 1.00000000 0.00 M-8 0.00 6,022,000.00 1.00000000 0.00 M-9 0.00 5,161,000.00 1.00000000 0.00 CE 0.00 7,312,305.44 0.99987388 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 Totals 20,045,001.34 785,950,261.13 0.91360752 20,045,001.34
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 306,897,000.00 823.14899471 0.00000000 65.31507750 0.00000000 A-2 346,754,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 68,976,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 45,594,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 36,131,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 9,033,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 8,603,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 8,603,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 8,603,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 2,581,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 6,022,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 5,161,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 7,313,227.77 999.87388195 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 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-1 0.00000000 65.31507750 757.83391721 0.75783392 65.31507750 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3 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 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.87388195 0.99987388 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 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 A-1 306,897,000.00 2.31000% 252,621,957.03 502,507.18 0.00 0.00 A-2 346,754,000.00 2.50000% 346,754,000.00 746,484.31 0.00 0.00 A-3 68,976,000.00 2.71000% 68,976,000.00 160,963.16 0.00 0.00 M-1 45,594,000.00 2.78000% 45,594,000.00 109,146.97 0.00 0.00 M-2 36,131,000.00 3.33000% 36,131,000.00 103,605.64 0.00 0.00 M-3 9,033,000.00 3.53000% 9,033,000.00 27,457.81 0.00 0.00 M-4 8,603,000.00 3.88000% 8,603,000.00 28,743.58 0.00 0.00 M-5 8,603,000.00 4.03000% 8,603,000.00 29,854.80 0.00 0.00 M-6 8,603,000.00 5.68000% 8,603,000.00 42,078.23 0.00 0.00 M-7 2,581,000.00 5.68000% 2,581,000.00 12,623.96 0.00 0.00 M-8 6,022,000.00 5.68000% 6,022,000.00 29,454.27 0.00 0.00 M-9 5,161,000.00 5.68000% 5,161,000.00 25,243.02 0.00 0.00 CE 7,313,227.77 0.00000% 7,312,305.44 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 Totals 860,271,227.77 1,818,162.93 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 39.85 0.00 502,467.33 0.00 232,576,955.69 A-2 59.20 0.00 746,425.11 0.00 346,754,000.00 A-3 12.77 0.00 160,950.39 0.00 68,976,000.00 M-1 8.66 0.00 109,138.31 0.00 45,594,000.00 M-2 8.22 0.00 103,597.43 0.00 36,131,000.00 M-3 2.18 0.00 27,455.63 0.00 9,033,000.00 M-4 2.28 0.00 28,741.30 0.00 8,603,000.00 M-5 2.37 0.00 29,852.43 0.00 8,603,000.00 M-6 3.33 0.00 42,074.90 0.00 8,603,000.00 M-7 1.00 0.00 12,622.96 0.00 2,581,000.00 M-8 2.33 0.00 29,451.94 0.00 6,022,000.00 M-9 2.00 0.00 25,241.03 0.00 5,161,000.00 CE 0.00 0.00 2,103,762.75 0.00 7,312,305.44 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 262,553.09 0.00 0.01 Totals 144.19 0.00 4,184,334.60 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-1 306,897,000.00 2.31000% 823.14899471 1.63738055 0.00000000 0.00000000 A-2 346,754,000.00 2.50000% 1000.00000000 2.15277779 0.00000000 0.00000000 A-3 68,976,000.00 2.71000% 1000.00000000 2.33361111 0.00000000 0.00000000 M-1 45,594,000.00 2.78000% 1000.00000000 2.39388889 0.00000000 0.00000000 M-2 36,131,000.00 3.33000% 1000.00000000 2.86749993 0.00000000 0.00000000 M-3 9,033,000.00 3.53000% 1000.00000000 3.03972213 0.00000000 0.00000000 M-4 8,603,000.00 3.88000% 1000.00000000 3.34111124 0.00000000 0.00000000 M-5 8,603,000.00 4.03000% 1000.00000000 3.47027781 0.00000000 0.00000000 M-6 8,603,000.00 5.68000% 1000.00000000 4.89111124 0.00000000 0.00000000 M-7 2,581,000.00 5.68000% 1000.00000000 4.89111197 0.00000000 0.00000000 M-8 6,022,000.00 5.68000% 1000.00000000 4.89111093 0.00000000 0.00000000 M-9 5,161,000.00 5.68000% 1000.00000000 4.89111025 0.00000000 0.00000000 CE 7,313,227.77 0.00000% 999.87388195 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 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-1 0.00012985 0.00000000 1.63725071 0.00000000 757.83391721 A-2 0.00017073 0.00000000 2.15260706 0.00000000 1000.00000000 A-3 0.00018514 0.00000000 2.33342597 0.00000000 1000.00000000 M-1 0.00018994 0.00000000 2.39369895 0.00000000 1000.00000000 M-2 0.00022751 0.00000000 2.86727270 0.00000000 1000.00000000 M-3 0.00024134 0.00000000 3.03948079 0.00000000 1000.00000000 M-4 0.00026502 0.00000000 3.34084622 0.00000000 1000.00000000 M-5 0.00027549 0.00000000 3.47000232 0.00000000 1000.00000000 M-6 0.00038707 0.00000000 4.89072417 0.00000000 1000.00000000 M-7 0.00038745 0.00000000 4.89072453 0.00000000 1000.00000000 M-8 0.00038691 0.00000000 4.89072401 0.00000000 1000.00000000 M-9 0.00038752 0.00000000 4.89072467 0.00000000 1000.00000000 CE 0.00000000 0.00000000 287.66542164 0.00000000 999.87388195 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 24,284,926.79 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 262,553.09 Total Deposits 24,547,479.88 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 318,143.94 Payment of Interest and Principal 24,229,335.94 Total Withdrawals (Pool Distribution Amount) 24,547,479.88 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 145.04
SERVICING FEES Gross Servicing Fee 307,397.34 Credit Risk Manager Fee 10,746.60 Trustee Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 318,143.94
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 Financial Guaranty 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 0.00 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 7 0 0 0 7 1,856,444.35 0.00 0.00 0.00 1,856,444.35 60 Days 1 0 0 0 1 231,059.96 0.00 0.00 0.00 231,059.96 90 Days 1 1 7 0 9 174,844.57 445,734.27 1,283,387.30 0.00 1,903,966.14 120 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 9 1 7 0 17 2,262,348.88 445,734.27 1,283,387.30 0.00 3,991,470.45 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 0.168553% 0.000000% 0.000000% 0.000000% 0.168553% 0.235998% 0.000000% 0.000000% 0.000000% 0.235998% 60 Days 0.024079% 0.000000% 0.000000% 0.000000% 0.024079% 0.029373% 0.000000% 0.000000% 0.000000% 0.029373% 90 Days 0.024079% 0.024079% 0.168553% 0.000000% 0.216711% 0.022227% 0.056663% 0.163149% 0.000000% 0.242039% 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 0.216711% 0.024079% 0.168553% 0.000000% 0.409343% 0.287598% 0.056663% 0.163149% 0.000000% 0.507410%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 157,985.48
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 6.313966% Weighted Average Net Coupon 5.856300% Weighted Average Pass-Through Rate 5.856300% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 4,245 Number Of Loans Paid In Full 92 Ending Scheduled Collateral Loan Count 4,153 Beginning Scheduled Collateral Balance 805,995,262.47 Ending Scheduled Collateral Balance 785,950,261.13 Ending Actual Collateral Balance at 30-Nov-2004 786,635,856.56 Monthly P &I Constant 4,931,261.47 Special Servicing Fee 0.00 Prepayment Penalties 262,553.09 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 690,405.72 Unscheduled Principal 19,354,595.62 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 7,312,305.44 Overcollateralized Amount 7,312,305.44 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,103,762.75
Miscellaneous Reporting Available Funds 2,048,680.06 Available Funds 22,191,401.63 Cap Carryover Amount 0.00
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