-----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, DvJ2InFPes/4jYfuzqxMQJs7a+xb5Dydw9QiWeIiXZKJFHJMm2OuT8iW0wBFJoIG oFCHWuamMlvhR+fARJ3pbQ== 0001056404-04-004151.txt : 20041202 0001056404-04-004151.hdr.sgml : 20041202 20041202114050 ACCESSION NUMBER: 0001056404-04-004151 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Mortgage Backed Securities Series 2004-S Trust CENTRAL INDEX KEY: 0001301797 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: 333-116509-09 FILM NUMBER: 041179501 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 BUSINESS PHONE: 3018468881 MAIL ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERIDK STATE: MD ZIP: 21703 8-K 1 wfm0400s_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 26, 2004 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-S Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-116509-09 54-2160302 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction 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 November 26, 2004 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2004-S 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-S Trust, relating to the November 26, 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. WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-S 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: 12/1/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-S Trust, relating to the November 26, 2004 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 WFMBS Series: 2004-S 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 94981WAA3 SEN 3.54161% 529,846,493.83 1,563,657.14 2,950,152.17 A-2 94981WAB1 SEN 3.54161% 210,140,679.19 620,156.93 6,590,804.83 A-3 94981WAC9 SEN 3.54161% 98,308,000.00 290,121.78 0.00 A-4 94981WAD7 SEN 3.54161% 171,559,000.00 506,296.56 0.00 A-5 94981WAE5 SEN 3.54161% 132,437,000.00 390,841.62 0.00 A-6 94981WAF2 SEN 3.54161% 109,941,000.00 324,452.52 0.00 A-7 94981WAL9 SEN 3.54161% 461,321,000.00 1,361,428.05 0.00 A-R 94981WAG0 SEN 3.54143% 0.00 0.00 0.00 B-1 94981WAH8 SUB 3.54161% 32,848,129.45 96,939.80 16,494.63 B-2 94981WAJ4 SUB 3.54161% 5,326,669.69 15,719.81 2,674.78 B-3 94981WAK1 SUB 3.54161% 3,550,447.13 10,477.91 1,782.85 B-4 94981WAM7 SUB 3.54161% 1,775,223.56 5,238.95 891.43 B-5 94981WAN5 SUB 3.54161% 1,776,222.56 5,241.90 891.93 B-6 94981WAP0 SUB 3.54161% 1,775,937.76 5,241.06 891.78 Totals 1,760,605,803.17 5,195,814.03 9,564,584.40
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 526,896,341.66 4,513,809.31 0.00 A-2 0.00 203,549,874.37 7,210,961.76 0.00 A-3 0.00 98,308,000.00 290,121.78 0.00 A-4 0.00 171,559,000.00 506,296.56 0.00 A-5 0.00 132,437,000.00 390,841.62 0.00 A-6 0.00 109,941,000.00 324,452.52 0.00 A-7 0.00 461,321,000.00 1,361,428.05 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 32,831,634.82 113,434.43 0.00 B-2 0.00 5,323,994.92 18,394.59 0.00 B-3 0.00 3,548,664.28 12,260.76 0.00 B-4 0.00 1,774,332.14 6,130.38 0.00 B-5 0.00 1,775,330.64 6,133.83 0.00 B-6 0.00 1,775,045.98 6,132.84 0.00 Totals 0.00 1,751,041,218.81 14,760,398.43 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-1 535,000,000.00 529,846,493.83 266,061.46 2,684,090.71 0.00 0.00 A-2 221,653,900.00 210,140,679.19 594,396.18 5,996,408.64 0.00 0.00 A-3 98,308,000.00 98,308,000.00 0.00 0.00 0.00 0.00 A-4 171,559,000.00 171,559,000.00 0.00 0.00 0.00 0.00 A-5 132,437,000.00 132,437,000.00 0.00 0.00 0.00 0.00 A-6 109,941,000.00 109,941,000.00 0.00 0.00 0.00 0.00 A-7 461,321,000.00 461,321,000.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 32,881,000.00 32,848,129.45 16,494.63 0.00 0.00 0.00 B-2 5,332,000.00 5,326,669.69 2,674.78 0.00 0.00 0.00 B-3 3,554,000.00 3,550,447.13 1,782.85 0.00 0.00 0.00 B-4 1,777,000.00 1,775,223.56 891.43 0.00 0.00 0.00 B-5 1,778,000.00 1,776,222.56 891.93 0.00 0.00 0.00 B-6 1,777,714.91 1,775,937.76 891.78 0.00 0.00 0.00 Totals 1,777,319,714.91 1,760,605,803.17 884,085.04 8,680,499.35 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 2,950,152.17 526,896,341.66 0.98485298 2,950,152.17 A-2 6,590,804.83 203,549,874.37 0.91832300 6,590,804.83 A-3 0.00 98,308,000.00 1.00000000 0.00 A-4 0.00 171,559,000.00 1.00000000 0.00 A-5 0.00 132,437,000.00 1.00000000 0.00 A-6 0.00 109,941,000.00 1.00000000 0.00 A-7 0.00 461,321,000.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 16,494.63 32,831,634.82 0.99849867 16,494.63 B-2 2,674.78 5,323,994.92 0.99849867 2,674.78 B-3 1,782.85 3,548,664.28 0.99849867 1,782.85 B-4 891.43 1,774,332.14 0.99849867 891.43 B-5 891.93 1,775,330.64 0.99849867 891.93 B-6 891.78 1,775,045.98 0.99849867 891.78 Totals 9,564,584.40 1,751,041,218.81 0.98521454 9,564,584.40
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 535,000,000.00 990.36727819 0.49731114 5.01699198 0.00000000 A-2 221,653,900.00 948.05766643 2.68164097 27.05302564 0.00000000 A-3 98,308,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 171,559,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-5 132,437,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-6 109,941,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-7 461,321,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 32,881,000.00 999.00031781 0.50164624 0.00000000 0.00000000 B-2 5,332,000.00 999.00031695 0.50164666 0.00000000 0.00000000 B-3 3,554,000.00 999.00031795 0.50164603 0.00000000 0.00000000 B-4 1,777,000.00 999.00031514 0.50164885 0.00000000 0.00000000 B-5 1,778,000.00 999.00031496 0.50164792 0.00000000 0.00000000 B-6 1,777,714.91 999.00031777 0.50164399 0.00000000 0.00000000 (2) 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 5.51430312 984.85297507 0.98485298 5.51430312 A-2 0.00000000 29.73466666 918.32299982 0.91832300 29.73466666 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.50164624 998.49867157 0.99849867 0.50164624 B-2 0.00000000 0.50164666 998.49867217 0.99849867 0.50164666 B-3 0.00000000 0.50164603 998.49867192 0.99849867 0.50164603 B-4 0.00000000 0.50164885 998.49867192 0.99849867 0.50164885 B-5 0.00000000 0.50164792 998.49867267 0.99849867 0.50164792 B-6 0.00000000 0.50164399 998.49867378 0.99849867 0.50164399 (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-1 535,000,000.00 3.54161% 529,846,493.83 1,563,760.06 0.00 0.00 A-2 221,653,900.00 3.54161% 210,140,679.19 620,197.75 0.00 0.00 A-3 98,308,000.00 3.54161% 98,308,000.00 290,140.87 0.00 0.00 A-4 171,559,000.00 3.54161% 171,559,000.00 506,329.88 0.00 0.00 A-5 132,437,000.00 3.54161% 132,437,000.00 390,867.34 0.00 0.00 A-6 109,941,000.00 3.54161% 109,941,000.00 324,473.87 0.00 0.00 A-7 461,321,000.00 3.54161% 461,321,000.00 1,361,517.65 0.00 0.00 A-R 100.00 3.54143% 0.00 0.00 0.00 0.00 B-1 32,881,000.00 3.54161% 32,848,129.45 96,946.18 0.00 0.00 B-2 5,332,000.00 3.54161% 5,326,669.69 15,720.84 0.00 0.00 B-3 3,554,000.00 3.54161% 3,550,447.13 10,478.60 0.00 0.00 B-4 1,777,000.00 3.54161% 1,775,223.56 5,239.30 0.00 0.00 B-5 1,778,000.00 3.54161% 1,776,222.56 5,242.25 0.00 0.00 B-6 1,777,714.91 3.54161% 1,775,937.76 5,241.41 0.00 0.00 Totals 1,777,319,714.91 5,196,156.00 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-1 102.92 0.00 1,563,657.14 0.00 526,896,341.66 A-2 40.82 0.00 620,156.93 0.00 203,549,874.37 A-3 19.10 0.00 290,121.78 0.00 98,308,000.00 A-4 33.32 0.00 506,296.56 0.00 171,559,000.00 A-5 25.72 0.00 390,841.62 0.00 132,437,000.00 A-6 21.36 0.00 324,452.52 0.00 109,941,000.00 A-7 89.61 0.00 1,361,428.05 0.00 461,321,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 6.38 0.00 96,939.80 0.00 32,831,634.82 B-2 1.03 0.00 15,719.81 0.00 5,323,994.92 B-3 0.69 0.00 10,477.91 0.00 3,548,664.28 B-4 0.34 0.00 5,238.95 0.00 1,774,332.14 B-5 0.35 0.00 5,241.90 0.00 1,775,330.64 B-6 0.34 0.00 5,241.06 0.00 1,775,045.98 Totals 341.98 0.00 5,195,814.03 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-1 535,000,000.00 3.54161% 990.36727819 2.92291600 0.00000000 0.00000000 A-2 221,653,900.00 3.54161% 948.05766643 2.79804574 0.00000000 0.00000000 A-3 98,308,000.00 3.54161% 1000.00000000 2.95134547 0.00000000 0.00000000 A-4 171,559,000.00 3.54161% 1000.00000000 2.95134548 0.00000000 0.00000000 A-5 132,437,000.00 3.54161% 1000.00000000 2.95134547 0.00000000 0.00000000 A-6 109,941,000.00 3.54161% 1000.00000000 2.95134545 0.00000000 0.00000000 A-7 461,321,000.00 3.54161% 1000.00000000 2.95134548 0.00000000 0.00000000 A-R 100.00 3.54143% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 32,881,000.00 3.54161% 999.00031781 2.94839512 0.00000000 0.00000000 B-2 5,332,000.00 3.54161% 999.00031695 2.94839460 0.00000000 0.00000000 B-3 3,554,000.00 3.54161% 999.00031795 2.94839617 0.00000000 0.00000000 B-4 1,777,000.00 3.54161% 999.00031514 2.94839617 0.00000000 0.00000000 B-5 1,778,000.00 3.54161% 999.00031496 2.94839708 0.00000000 0.00000000 B-6 1,777,714.91 3.54161% 999.00031777 2.94839739 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 0.00019237 0.00000000 2.92272363 0.00000000 984.85297507 A-2 0.00018416 0.00000000 2.79786158 0.00000000 918.32299982 A-3 0.00019429 0.00000000 2.95115128 0.00000000 1000.00000000 A-4 0.00019422 0.00000000 2.95115127 0.00000000 1000.00000000 A-5 0.00019421 0.00000000 2.95115126 0.00000000 1000.00000000 A-6 0.00019429 0.00000000 2.95115125 0.00000000 1000.00000000 A-7 0.00019425 0.00000000 2.95115126 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00019403 0.00000000 2.94820109 0.00000000 998.49867157 B-2 0.00019317 0.00000000 2.94820143 0.00000000 998.49867217 B-3 0.00019415 0.00000000 2.94820203 0.00000000 998.49867192 B-4 0.00019133 0.00000000 2.94819921 0.00000000 998.49867192 B-5 0.00019685 0.00000000 2.94820022 0.00000000 998.49867267 B-6 0.00019126 0.00000000 2.94820051 0.00000000 998.49867378 (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 15,898,378.56 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 0.00 Total Deposits 15,898,378.56 Withdrawals Reimbursement for Servicer Advances 479,739.17 Payment of Service Fee 377,481.80 Payment of Interest and Principal 14,760,398.41 Total Withdrawals (Pool Distribution Amount) 15,617,619.38 Ending Balance 280,759.18
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 4,297.66 Servicing Fee Support 3,955.68 Non-Supported Prepayment/Curtailment Interest Shortfall 341.98
SERVICING FEES Gross Servicing Fee 366,766.81 Master Servicing Fee 14,670.67 Supported Prepayment/Curtailment Interest Shortfall 3,955.68 Net Servicing Fee 377,481.80
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 2 0 0 0 2 2,170,929.09 0.00 0.00 0.00 2,170,929.09 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 2 0 0 0 2 2,170,929.09 0.00 0.00 0.00 2,170,929.09 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 0.081103% 0.000000% 0.000000% 0.000000% 0.081103% 0.123578% 0.000000% 0.000000% 0.000000% 0.123578% 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 0.081103% 0.000000% 0.000000% 0.000000% 0.081103% 0.123578% 0.000000% 0.000000% 0.000000% 0.123578%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 87,417.89
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 47,099,714.91 2.65004177% 47,029,002.78 2.68577360% 97.314226% 100.000000% Class B-1 14,218,714.91 0.80000884% 14,197,367.96 0.81079576% 1.874978% 0.000000% Class B-2 8,886,714.91 0.50000655% 8,873,373.04 0.50674838% 0.304047% 0.000000% Class B-3 5,332,714.91 0.30004252% 5,324,708.76 0.30408814% 0.202660% 0.000000% Class B-4 3,555,714.91 0.20006051% 3,550,376.62 0.20275803% 0.101330% 0.000000% Class B-5 1,777,714.91 0.10002224% 1,775,045.98 0.10137088% 0.101387% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.101371% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description 5/1 CMT ARM Weighted Average Gross Coupon 3.801633% Weighted Average Net Coupon 3.541633% Weighted Average Pass-Through Rate 3.541633% Weighted Average Maturity (Stepdown Calculation) 352 Beginning Scheduled Collateral Loan Count 2,479 Number Of Loans Paid In Full 13 Ending Scheduled Collateral Loan Count 2,466 Beginning Scheduled Collateral Balance 1,760,605,803.19 Ending Scheduled Collateral Balance 1,751,041,218.80 Ending Actual Collateral Balance at 31-Oct-2004 1,756,730,305.65 Monthly P &I Constant 6,467,222.69 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 14,598,244.44 Ending Scheduled Balance for Premium Loans 1,751,041,218.80 Scheduled Principal 884,085.04 Unscheduled Principal 8,680,499.35 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 1,749,476,083.39 Greater Than 80%, less than or equal to 85% 0.00 Greater than 85%, less than or equal to 95% 1,524,919.76 Greater than 95% 0.00
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