-----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, Jp+ZvQSsg8LyG0pS1NnbjWLtEZAGa5EKBPmuLFPLwJJqplc/MK3/szfMd6B3iQd/ esV7gcpXZpOY6EzVxUYwTw== 0001056404-04-004129.txt : 20041202 0001056404-04-004129.hdr.sgml : 20041202 20041202110028 ACCESSION NUMBER: 0001056404-04-004129 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 DATE AS OF CHANGE: 20041202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2004-7 CENTRAL INDEX KEY: 0001301894 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: 333-115122-16 FILM NUMBER: 041179289 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 BUSINESS PHONE: 212272-2000 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst04007_nov.txt NOVEMBER 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): November 26, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2004-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115122-16 54-6636511 Pooling and Servicing Agreement) (Commission 54-6636512 (State or other File Number) 54-6636513 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 November 26, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2004-7 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 2004-7 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. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2004-7 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-7 Trust, relating to the November 26, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 BST Series: 2004-7 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 I-A-1 07384MX98 SEN 5.02064% 160,881,105.29 673,104.81 4,939,139.20 I-A-2 07384MZ54 SEN 5.02064% 10,278,280.88 43,002.94 315,548.93 II-A-1 07384MY22 SEN 4.86415% 89,443,066.88 362,553.54 1,635,308.34 II-X 07384MZ62 SEN 0.07850% 0.00 5,851.07 0.00 III-A 07384MY30 SEN 4.77774% 37,296,296.44 148,493.23 12,487.84 IV-A 07384MY48 SEN 3.20294% 164,921,788.70 440,196.04 3,687,487.63 B-1 07384MY71 SUB 4.33912% 8,778,860.21 31,743.77 6,611.71 B-2 07384MY89 SUB 4.33912% 4,765,866.67 17,233.05 3,589.36 B-3 07384MY97 SUB 4.33912% 2,759,869.16 9,979.50 2,078.57 B-4 07384MZ21 SUB 4.33912% 2,005,997.52 7,253.55 1,510.80 B-5 07384MZ39 SUB 4.33912% 2,006,996.02 7,257.16 1,511.55 B-6 07384MZ47 SUB 4.33912% 1,004,591.34 3,632.53 756.60 R-I 07384MY55 SEN 0.00000% 0.00 0.00 0.00 R-II 07384MY63 SEN 0.00000% 0.00 0.00 0.00 R-III 07384MZ70 SEN 0.00000% 0.00 0.10 0.00 Totals 484,142,719.11 1,750,301.29 10,606,030.53
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 155,941,966.09 5,612,244.01 0.00 I-A-2 0.00 9,962,731.96 358,551.87 0.00 II-A-1 0.00 87,807,758.53 1,997,861.88 0.00 II-X 0.00 0.00 5,851.07 0.00 III-A 0.00 37,283,808.60 160,981.07 0.00 IV-A 0.00 161,234,301.07 4,127,683.67 0.00 B-1 0.00 8,772,248.51 38,355.48 0.00 B-2 0.00 4,762,277.31 20,822.41 0.00 B-3 0.00 2,757,790.59 12,058.07 0.00 B-4 0.00 2,004,486.72 8,764.35 0.00 B-5 0.00 2,005,484.47 8,768.71 0.00 B-6 0.00 1,003,834.74 4,389.13 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.10 0.00 Totals 0.00 473,536,688.59 12,356,331.82 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) I-A-1 167,936,000.00 160,881,105.29 30,397.61 4,908,741.59 0.00 0.00 I-A-2 10,729,000.00 10,278,280.88 1,942.03 313,606.90 0.00 0.00 II-A-1 90,041,000.00 89,443,066.88 27,149.37 1,608,158.97 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 41,038,000.00 37,296,296.44 11,561.15 926.69 0.00 0.00 IV-A 171,339,000.00 164,921,788.70 278,154.32 3,409,333.31 0.00 0.00 B-1 8,792,000.00 8,778,860.21 6,611.71 0.00 0.00 0.00 B-2 4,773,000.00 4,765,866.67 3,589.36 0.00 0.00 0.00 B-3 2,764,000.00 2,759,869.16 2,078.57 0.00 0.00 0.00 B-4 2,009,000.00 2,005,997.52 1,510.80 0.00 0.00 0.00 B-5 2,010,000.00 2,006,996.02 1,511.55 0.00 0.00 0.00 B-6 1,006,094.96 1,004,591.34 756.60 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 Totals 502,437,244.96 484,142,719.11 365,263.07 10,240,767.46 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 I-A-1 4,939,139.20 155,941,966.09 0.92857973 4,939,139.20 I-A-2 315,548.93 9,962,731.96 0.92857973 315,548.93 II-A-1 1,635,308.34 87,807,758.53 0.97519750 1,635,308.34 II-X 0.00 0.00 0.00000000 0.00 III-A 12,487.84 37,283,808.60 0.90851914 12,487.84 IV-A 3,687,487.63 161,234,301.07 0.94102511 3,687,487.63 B-1 6,611.71 8,772,248.51 0.99775347 6,611.71 B-2 3,589.36 4,762,277.31 0.99775347 3,589.36 B-3 2,078.57 2,757,790.59 0.99775347 2,078.57 B-4 1,510.80 2,004,486.72 0.99775347 1,510.80 B-5 1,511.55 2,005,484.47 0.99775347 1,511.55 B-6 756.60 1,003,834.74 0.99775347 756.60 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 Totals 10,606,030.53 473,536,688.59 0.94247927 10,606,030.53
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 167,936,000.00 957.99057552 0.18100711 29.22983512 0.00000000 I-A-2 10,729,000.00 957.99057508 0.18100755 29.22983503 0.00000000 II-A-1 90,041,000.00 993.35932386 0.30152231 17.86029664 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 41,038,000.00 908.82344266 0.28171816 0.02258127 0.00000000 IV-A 171,339,000.00 962.54669807 1.62341510 19.89817444 0.00000000 B-1 8,792,000.00 998.50548339 0.75201433 0.00000000 0.00000000 B-2 4,773,000.00 998.50548292 0.75201341 0.00000000 0.00000000 B-3 2,764,000.00 998.50548480 0.75201520 0.00000000 0.00000000 B-4 2,009,000.00 998.50548532 0.75201593 0.00000000 0.00000000 B-5 2,010,000.00 998.50548259 0.75201493 0.00000000 0.00000000 B-6 1,006,094.96 998.50548898 0.75201649 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 29.41084223 928.57973329 0.92857973 29.41084223 I-A-2 0.00000000 29.41084258 928.57973343 0.92857973 29.41084258 II-A-1 0.00000000 18.16181895 975.19750480 0.97519750 18.16181895 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 0.30429943 908.51914323 0.90851914 0.30429943 IV-A 0.00000000 21.52158954 941.02510853 0.94102511 21.52158954 B-1 0.00000000 0.75201433 997.75347020 0.99775347 0.75201433 B-2 0.00000000 0.75201341 997.75346952 0.99775347 0.75201341 B-3 0.00000000 0.75201520 997.75346961 0.99775347 0.75201520 B-4 0.00000000 0.75201593 997.75346939 0.99775347 0.75201593 B-5 0.00000000 0.75201493 997.75346766 0.99775347 0.75201493 B-6 0.00000000 0.75201649 997.75347250 0.99775347 0.75201649 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 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 I-A-1 167,936,000.00 5.02064% 160,881,105.29 673,104.81 0.00 0.00 I-A-2 10,729,000.00 5.02064% 10,278,280.88 43,002.94 0.00 0.00 II-A-1 90,041,000.00 4.86415% 89,443,066.88 362,553.54 0.00 0.00 II-X 0.00 0.07850% 89,443,066.88 5,851.07 0.00 0.00 III-A 41,038,000.00 4.77774% 37,296,296.44 148,493.23 0.00 0.00 IV-A 171,339,000.00 3.20294% 164,921,788.70 440,196.04 0.00 0.00 B-1 8,792,000.00 4.33912% 8,778,860.21 31,743.77 0.00 0.00 B-2 4,773,000.00 4.33912% 4,765,866.67 17,233.05 0.00 0.00 B-3 2,764,000.00 4.33912% 2,759,869.16 9,979.50 0.00 0.00 B-4 2,009,000.00 4.33912% 2,005,997.52 7,253.55 0.00 0.00 B-5 2,010,000.00 4.33912% 2,006,996.02 7,257.16 0.00 0.00 B-6 1,006,094.96 4.33912% 1,004,591.34 3,632.53 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 R-III 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 502,437,244.96 1,750,301.19 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 I-A-1 0.00 0.00 673,104.81 0.00 155,941,966.09 I-A-2 0.00 0.00 43,002.94 0.00 9,962,731.96 II-A-1 0.00 0.00 362,553.54 0.00 87,807,758.53 II-X 0.00 0.00 5,851.07 0.00 87,807,758.53 III-A 0.00 0.00 148,493.23 0.00 37,283,808.60 IV-A 0.00 0.00 440,196.04 0.00 161,234,301.07 B-1 0.00 0.00 31,743.77 0.00 8,772,248.51 B-2 0.00 0.00 17,233.05 0.00 4,762,277.31 B-3 0.00 0.00 9,979.50 0.00 2,757,790.59 B-4 0.00 0.00 7,253.55 0.00 2,004,486.72 B-5 0.00 0.00 7,257.16 0.00 2,005,484.47 B-6 0.00 0.00 3,632.53 0.00 1,003,834.74 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.10 0.00 0.00 Totals 0.00 0.00 1,750,301.29 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 I-A-1 167,936,000.00 5.02064% 957.99057552 4.00810315 0.00000000 0.00000000 I-A-2 10,729,000.00 5.02064% 957.99057508 4.00810327 0.00000000 0.00000000 II-A-1 90,041,000.00 4.86415% 993.35932386 4.02653835 0.00000000 0.00000000 II-X 0.00 0.07850% 993.35932386 0.06498229 0.00000000 0.00000000 III-A 41,038,000.00 4.77774% 908.82344266 3.61843243 0.00000000 0.00000000 IV-A 171,339,000.00 3.20294% 962.54669807 2.56915262 0.00000000 0.00000000 B-1 8,792,000.00 4.33912% 998.50548339 3.61052889 0.00000000 0.00000000 B-2 4,773,000.00 4.33912% 998.50548292 3.61052797 0.00000000 0.00000000 B-3 2,764,000.00 4.33912% 998.50548480 3.61052822 0.00000000 0.00000000 B-4 2,009,000.00 4.33912% 998.50548532 3.61052763 0.00000000 0.00000000 B-5 2,010,000.00 4.33912% 998.50548259 3.61052736 0.00000000 0.00000000 B-6 1,006,094.96 4.33912% 998.50548898 3.61052400 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 I-A-1 0.00000000 0.00000000 4.00810315 0.00000000 928.57973329 I-A-2 0.00000000 0.00000000 4.00810327 0.00000000 928.57973343 II-A-1 0.00000000 0.00000000 4.02653835 0.00000000 975.19750480 II-X 0.00000000 0.00000000 0.06498229 0.00000000 975.19750480 III-A 0.00000000 0.00000000 3.61843243 0.00000000 908.51914323 IV-A 0.00000000 0.00000000 2.56915262 0.00000000 941.02510853 B-1 0.00000000 0.00000000 3.61052889 0.00000000 997.75347020 B-2 0.00000000 0.00000000 3.61052797 0.00000000 997.75346952 B-3 0.00000000 0.00000000 3.61052822 0.00000000 997.75346961 B-4 0.00000000 0.00000000 3.61052763 0.00000000 997.75346939 B-5 0.00000000 0.00000000 3.61052736 0.00000000 997.75346766 B-6 0.00000000 0.00000000 3.61052400 0.00000000 997.75347250 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 2.00000000 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 12,443,764.64 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 55,290.10 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 12,499,054.74 Withdrawals Reimbursement for Servicer Advances 40,951.95 Payment of Service Fee 101,770.97 Payment of Interest and Principal 12,356,331.82 Total Withdrawals (Pool Distribution Amount) 12,499,054.74 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 100,863.06 Miscellaneous Fee 907.91 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 101,770.97
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Class R 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 15 0 0 0 15 9,772,817.58 0.00 0.00 0.00 9,772,817.58 60 Days 1 0 0 0 1 2,712,500.00 0.00 0.00 0.00 2,712,500.00 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 16 0 0 0 16 12,485,317.58 0.00 0.00 0.00 12,485,317.58 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 1.677852% 0.000000% 0.000000% 0.000000% 1.677852% 2.062567% 0.000000% 0.000000% 0.000000% 2.062567% 60 Days 0.111857% 0.000000% 0.000000% 0.000000% 0.111857% 0.572477% 0.000000% 0.000000% 0.000000% 0.572477% 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 1.789709% 0.000000% 0.000000% 0.000000% 1.789709% 2.635044% 0.000000% 0.000000% 0.000000% 2.635044%
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 6 0 0 0 6 4,545,513.28 0.00 0.00 0.00 4,545,513.28 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 6 0 0 0 6 4,545,513.28 0.00 0.00 0.00 4,545,513.28 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.807229% 0.000000% 0.000000% 0.000000% 1.807229% 2.614442% 0.000000% 0.000000% 0.000000% 2.614442% 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 1.807229% 0.000000% 0.000000% 0.000000% 1.807229% 2.614442% 0.000000% 0.000000% 0.000000% 2.614442% 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 5 0 0 0 5 3,236,385.06 0.00 0.00 0.00 3,236,385.06 60 Days 1 0 0 0 1 2,712,500.00 0.00 0.00 0.00 2,712,500.00 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 6 0 0 0 6 5,948,885.06 0.00 0.00 0.00 5,948,885.06 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.048780% 0.000000% 0.000000% 0.000000% 3.048780% 3.524682% 0.000000% 0.000000% 0.000000% 3.524682% 60 Days 0.609756% 0.000000% 0.000000% 0.000000% 0.609756% 2.954130% 0.000000% 0.000000% 0.000000% 2.954130% 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 3.658537% 0.000000% 0.000000% 0.000000% 3.658537% 6.478812% 0.000000% 0.000000% 0.000000% 6.478812% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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 4 0 0 0 4 1,990,919.24 0.00 0.00 0.00 1,990,919.24 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 4 0 0 0 4 1,990,919.24 0.00 0.00 0.00 1,990,919.24 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.162791% 0.000000% 0.000000% 0.000000% 1.162791% 1.177882% 0.000000% 0.000000% 0.000000% 1.177882% 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 1.162791% 0.000000% 0.000000% 0.000000% 1.162791% 1.177882% 0.000000% 0.000000% 0.000000% 1.177882%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 55,290.10
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.590839% Weighted Average Net Coupon 4.340839% Weighted Average Pass-Through Rate 4.338589% Weighted Average Maturity(Stepdown Calculation ) 355 Beginning Scheduled Collateral Loan Count 915 Number Of Loans Paid In Full 21 Ending Scheduled Collateral Loan Count 894 Beginning Scheduled Collateral Balance 484,142,719.02 Ending Scheduled Collateral Balance 473,536,688.50 Ending Actual Collateral Balance at 31-Oct-2004 473,818,125.28 Monthly P &I Constant 2,217,447.50 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 365,263.06 Unscheduled Principal 10,240,767.46
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.277473 5.192648 5.027736 Weighted Average Net Rate 5.027473 4.942648 4.777736 Weighted Average Maturity 357 357 354 Beginning Loan Count 343 167 54 Loans Paid In Full 11 3 0 Ending Loan Count 332 164 54 Beginning Scheduled Balance 179,087,043.46 93,437,442.95 39,116,635.01 Ending scheduled Balance 173,830,857.45 91,800,922.16 39,103,582.90 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 821,443.42 432,684.91 176,015.52 Scheduled Principal 33,837.52 28,361.82 12,125.42 Unscheduled Principal 5,222,348.49 1,608,158.97 926.69 Scheduled Interest 787,605.90 404,323.09 163,890.10 Servicing Fees 37,309.80 19,466.13 8,149.30 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 907.91 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 749,388.19 384,856.96 155,740.80 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 5.021390 4.942648 4.777736
Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.452944 4.590839 Weighted Average Net Rate 3.202944 4.340839 Weighted Average Maturity 350 355 Beginning Loan Count 351 915 Loans Paid In Full 7 21 Ending Loan Count 344 894 Beginning Scheduled Balance 172,501,597.60 484,142,719.02 Ending scheduled Balance 168,801,325.99 473,536,688.50 Record Date 10/31/2004 10/31/2004 Principal And Interest Constant 787,303.65 2,217,447.50 Scheduled Principal 290,938.30 365,263.06 Unscheduled Principal 3,409,333.31 10,240,767.46 Scheduled Interest 496,365.35 1,852,184.44 Servicing Fees 35,937.83 100,863.06 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 907.91 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 460,427.52 1,750,413.47 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 3.202944 4.338589
Miscellaneous Reporting Group 1 Avearge Loss Severity % Group I 0.000000% Senior Percentage Group I 95.573294% Senior Prep. Percentage Group I 100.000000% Subordinate Percentage Group I 4.426706% Subordinate Prep. Percentage Group I 0.000000% Group 2 Avearge Loss Severity % Group II 0.000000% Senior Percentage Group II 95.725080% Senior Prep. Percentage Group II 100.000000% Subordinate Percentage Group II 4.274920% Subordinate Prep. Percentage Group II 0.000000% Group 3 Avearge Loss Severity % Group III 0.000000% Senior Percentage Group III 95.346383% Senior Prep. Percentage Group III 100.000000% Subordinate Percentage Group III 4.653617% Subordinate Prep. Percentage Group III 0.000000%
Miscellaneous Reporting Group 4 Avearge Loss Severity % Group IV 0.000000% Senior Percentage Group IV 95.605949% Senior Prep. Percentage Group IV 100.000000% Subordinate Percentage Group IV 4.394051% Subordinate Prep. Percentage Group IV 0.000000%
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