-----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, E/W1LlH5hz3neEo/ODAQHy4i48b6ahgWNmnBPRKgX4y/NuOypUsKDuhNyw7fDZvV /dXy3UzuQB6yCXXm5DgdaQ== 0001056404-05-000226.txt : 20050105 0001056404-05-000226.hdr.sgml : 20050105 20050105085212 ACCESSION NUMBER: 0001056404-05-000226 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: 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: 05510456 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_dec.txt DECEMBER 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): December 27, 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 Pooling and Servicing Agreement) (Commission 54-6636511 (State or other File Number) 54-6636512 jurisdiction 54-6636513 of Incorporation) 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 December 27, 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 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. 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: 12/30/2004 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 December 27, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Bear Stearns ARM Trust Mortgage Pass-Through Certificates 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 5.00971% 155,941,966.09 651,019.96 5,711,990.51 I-A-2 07384MZ54 SEN 5.00971% 9,962,731.96 41,591.99 364,924.41 II-A-1 07384MY22 SEN 4.86097% 87,807,758.53 355,692.27 4,702,442.77 II-X 07384MZ62 SEN 0.07850% 0.00 5,744.09 0.00 III-A 07384MY30 SEN 4.77774% 37,283,808.60 148,443.56 2,824,973.46 IV-A 07384MY48 SEN 3.18709% 161,234,301.07 428,224.16 2,941,715.12 B-1 07384MY71 SUB 4.32942% 8,772,248.51 31,648.94 6,616.81 B-2 07384MY89 SUB 4.32942% 4,762,277.31 17,181.57 3,592.13 B-3 07384MY97 SUB 4.32942% 2,757,790.59 9,949.69 2,080.17 B-4 07384MZ21 SUB 4.32942% 2,004,486.72 7,231.88 1,511.96 B-5 07384MZ39 SUB 4.32942% 2,005,484.47 7,235.48 1,512.71 B-6 07384MZ47 SUB 4.32942% 1,003,834.74 3,621.68 757.18 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 0.11 0.00 Totals 473,536,688.59 1,707,585.38 16,562,117.23
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 150,229,975.59 6,363,010.47 0.00 I-A-2 0.00 9,597,807.55 406,516.40 0.00 II-A-1 0.00 83,105,315.76 5,058,135.04 0.00 II-X 0.00 0.00 5,744.09 0.00 III-A 0.00 34,458,835.14 2,973,417.02 0.00 IV-A 0.00 158,292,585.95 3,369,939.28 0.00 B-1 0.00 8,765,631.70 38,265.75 0.00 B-2 0.00 4,758,685.18 20,773.70 0.00 B-3 0.00 2,755,710.42 12,029.86 0.00 B-4 0.00 2,002,974.76 8,743.84 0.00 B-5 0.00 2,003,971.76 8,748.19 0.00 B-6 0.00 1,003,077.56 4,378.86 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 0.11 0.00 Totals 0.00 456,974,571.37 18,269,702.61 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-1 167,936,000.00 155,941,966.09 27,921.24 5,684,069.26 0.00 0.00 I-A-2 10,729,000.00 9,962,731.96 1,783.82 363,140.60 0.00 0.00 II-A-1 90,041,000.00 87,807,758.53 26,724.46 4,675,718.31 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 41,038,000.00 37,283,808.60 11,613.08 2,813,360.38 0.00 0.00 IV-A 171,339,000.00 161,234,301.07 274,219.83 2,667,495.29 0.00 0.00 B-1 8,792,000.00 8,772,248.51 6,616.81 0.00 0.00 0.00 B-2 4,773,000.00 4,762,277.31 3,592.13 0.00 0.00 0.00 B-3 2,764,000.00 2,757,790.59 2,080.17 0.00 0.00 0.00 B-4 2,009,000.00 2,004,486.72 1,511.96 0.00 0.00 0.00 B-5 2,010,000.00 2,005,484.47 1,512.71 0.00 0.00 0.00 B-6 1,006,094.96 1,003,834.74 757.18 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 502,437,244.96 473,536,688.59 358,333.39 16,203,783.84 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 5,711,990.51 150,229,975.59 0.89456683 5,711,990.51 I-A-2 364,924.41 9,597,807.55 0.89456683 364,924.41 II-A-1 4,702,442.77 83,105,315.76 0.92297193 4,702,442.77 II-X 0.00 0.00 0.00000000 0.00 III-A 2,824,973.46 34,458,835.14 0.83968115 2,824,973.46 IV-A 2,941,715.12 158,292,585.95 0.92385613 2,941,715.12 B-1 6,616.81 8,765,631.70 0.99700088 6,616.81 B-2 3,592.13 4,758,685.18 0.99700088 3,592.13 B-3 2,080.17 2,755,710.42 0.99700088 2,080.17 B-4 1,511.96 2,002,974.76 0.99700088 1,511.96 B-5 1,512.71 2,003,971.76 0.99700088 1,512.71 B-6 757.18 1,003,077.56 0.99700088 757.18 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 16,562,117.23 456,974,571.37 0.90951572 16,562,117.23
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 167,936,000.00 928.57973329 0.16626119 33.84663955 0.00000000 I-A-2 10,729,000.00 928.57973343 0.16626153 33.84663995 0.00000000 II-A-1 90,041,000.00 975.19750480 0.29680323 51.92876923 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 41,038,000.00 908.51914323 0.28298358 68.55500707 0.00000000 IV-A 171,339,000.00 941.02510853 1.60045191 15.56852375 0.00000000 B-1 8,792,000.00 997.75347020 0.75259440 0.00000000 0.00000000 B-2 4,773,000.00 997.75346952 0.75259376 0.00000000 0.00000000 B-3 2,764,000.00 997.75346961 0.75259407 0.00000000 0.00000000 B-4 2,009,000.00 997.75346939 0.75259333 0.00000000 0.00000000 B-5 2,010,000.00 997.75346766 0.75259204 0.00000000 0.00000000 B-6 1,006,094.96 997.75347250 0.75259298 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 34.01290081 894.56683254 0.89456683 34.01290081 I-A-2 0.00000000 34.01290055 894.56683288 0.89456683 34.01290055 II-A-1 0.00000000 52.22557246 922.97193234 0.92297193 52.22557246 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 68.83799064 839.68115259 0.83968115 68.83799064 IV-A 0.00000000 17.16897566 923.85613287 0.92385613 17.16897566 B-1 0.00000000 0.75259440 997.00087580 0.99700088 0.75259440 B-2 0.00000000 0.75259376 997.00087576 0.99700088 0.75259376 B-3 0.00000000 0.75259407 997.00087554 0.99700088 0.75259407 B-4 0.00000000 0.75259333 997.00087606 0.99700088 0.75259333 B-5 0.00000000 0.75259204 997.00087562 0.99700088 0.75259204 B-6 0.00000000 0.75259298 997.00087952 0.99700088 0.75259298 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 5.00971% 155,941,966.09 651,019.96 0.00 0.00 I-A-2 10,729,000.00 5.00971% 9,962,731.96 41,591.99 0.00 0.00 II-A-1 90,041,000.00 4.86097% 87,807,758.53 355,692.27 0.00 0.00 II-X 0.00 0.07850% 87,807,758.53 5,744.09 0.00 0.00 III-A 41,038,000.00 4.77774% 37,283,808.60 148,443.56 0.00 0.00 IV-A 171,339,000.00 3.18709% 161,234,301.07 428,224.16 0.00 0.00 B-1 8,792,000.00 4.32942% 8,772,248.51 31,648.94 0.00 0.00 B-2 4,773,000.00 4.32942% 4,762,277.31 17,181.57 0.00 0.00 B-3 2,764,000.00 4.32942% 2,757,790.59 9,949.69 0.00 0.00 B-4 2,009,000.00 4.32942% 2,004,486.72 7,231.88 0.00 0.00 B-5 2,010,000.00 4.32942% 2,005,484.47 7,235.48 0.00 0.00 B-6 1,006,094.96 4.32942% 1,003,834.74 3,621.68 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 1,707,585.27 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 0.00 651,019.96 0.00 150,229,975.59 I-A-2 0.00 0.00 41,591.99 0.00 9,597,807.55 II-A-1 0.00 0.00 355,692.27 0.00 83,105,315.76 II-X 0.00 0.00 5,744.09 0.00 83,105,315.76 III-A 0.00 0.00 148,443.56 0.00 34,458,835.14 IV-A 0.00 0.00 428,224.16 0.00 158,292,585.95 B-1 0.00 0.00 31,648.94 0.00 8,765,631.70 B-2 0.00 0.00 17,181.57 0.00 4,758,685.18 B-3 0.00 0.00 9,949.69 0.00 2,755,710.42 B-4 0.00 0.00 7,231.88 0.00 2,002,974.76 B-5 0.00 0.00 7,235.48 0.00 2,003,971.76 B-6 0.00 0.00 3,621.68 0.00 1,003,077.56 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 0.11 0.00 0.00 Totals 0.00 0.00 1,707,585.38 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 5.00971% 928.57973329 3.87659561 0.00000000 0.00000000 I-A-2 10,729,000.00 5.00971% 928.57973343 3.87659521 0.00000000 0.00000000 II-A-1 90,041,000.00 4.86097% 975.19750480 3.95033674 0.00000000 0.00000000 II-X 0.00 0.07850% 975.19750480 0.06379416 0.00000000 0.00000000 III-A 41,038,000.00 4.77774% 908.51914323 3.61722209 0.00000000 0.00000000 IV-A 171,339,000.00 3.18709% 941.02510853 2.49928014 0.00000000 0.00000000 B-1 8,792,000.00 4.32942% 997.75347020 3.59974295 0.00000000 0.00000000 B-2 4,773,000.00 4.32942% 997.75346952 3.59974230 0.00000000 0.00000000 B-3 2,764,000.00 4.32942% 997.75346961 3.59974313 0.00000000 0.00000000 B-4 2,009,000.00 4.32942% 997.75346939 3.59974116 0.00000000 0.00000000 B-5 2,010,000.00 4.32942% 997.75346766 3.59974129 0.00000000 0.00000000 B-6 1,006,094.96 4.32942% 997.75347250 3.59973973 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 3.87659561 0.00000000 894.56683254 I-A-2 0.00000000 0.00000000 3.87659521 0.00000000 894.56683288 II-A-1 0.00000000 0.00000000 3.95033674 0.00000000 922.97193234 II-X 0.00000000 0.00000000 0.06379416 0.00000000 922.97193234 III-A 0.00000000 0.00000000 3.61722209 0.00000000 839.68115259 IV-A 0.00000000 0.00000000 2.49928014 0.00000000 923.85613287 B-1 0.00000000 0.00000000 3.59974295 0.00000000 997.00087580 B-2 0.00000000 0.00000000 3.59974230 0.00000000 997.00087576 B-3 0.00000000 0.00000000 3.59974313 0.00000000 997.00087554 B-4 0.00000000 0.00000000 3.59974116 0.00000000 997.00087606 B-5 0.00000000 0.00000000 3.59974129 0.00000000 997.00087562 B-6 0.00000000 0.00000000 3.59973973 0.00000000 997.00087952 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 2.20000000 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 18,369,964.51 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 54,589.60 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 18,424,554.11 Withdrawals Reimbursement for Servicer Advances 55,290.10 Payment of Service Fee 99,561.38 Payment of Interest and Principal 18,269,702.63 Total Withdrawals (Pool Distribution Amount) 18,424,554.11 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 98,653.47 Miscellaneous Fee 907.91 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 99,561.38
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 12 0 0 0 12 9,592,711.02 0.00 0.00 0.00 9,592,711.02 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 13 0 0 0 13 12,305,211.02 0.00 0.00 0.00 12,305,211.02 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 1.376147% 0.000000% 0.000000% 0.000000% 1.376147% 2.097923% 0.000000% 0.000000% 0.000000% 2.097923% 60 Days 0.114679% 0.000000% 0.000000% 0.000000% 0.114679% 0.593223% 0.000000% 0.000000% 0.000000% 0.593223% 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 1.490826% 0.000000% 0.000000% 0.000000% 1.490826% 2.691146% 0.000000% 0.000000% 0.000000% 2.691146%
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 10 0 0 0 10 8,662,998.60 0.00 0.00 0.00 8,662,998.60 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 10 0 0 0 10 8,662,998.60 0.00 0.00 0.00 8,662,998.60 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.115265% 0.000000% 0.000000% 0.000000% 3.115265% 5.163383% 0.000000% 0.000000% 0.000000% 5.163383% 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 3.115265% 0.000000% 0.000000% 0.000000% 3.115265% 5.163383% 0.000000% 0.000000% 0.000000% 5.163383% 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 1 0 0 0 1 362,741.95 0.00 0.00 0.00 362,741.95 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 2 0 0 0 2 3,075,241.95 0.00 0.00 0.00 3,075,241.95 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.628931% 0.000000% 0.000000% 0.000000% 0.628931% 0.416394% 0.000000% 0.000000% 0.000000% 0.416394% 60 Days 0.628931% 0.000000% 0.000000% 0.000000% 0.628931% 3.113700% 0.000000% 0.000000% 0.000000% 3.113700% 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 1.257862% 0.000000% 0.000000% 0.000000% 1.257862% 3.530095% 0.000000% 0.000000% 0.000000% 3.530095% 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 1 0 0 0 1 566,970.47 0.00 0.00 0.00 566,970.47 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 1 0 0 0 1 566,970.47 0.00 0.00 0.00 566,970.47 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.294985% 0.000000% 0.000000% 0.000000% 0.294985% 0.341412% 0.000000% 0.000000% 0.000000% 0.341412% 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 0.294985% 0.000000% 0.000000% 0.000000% 0.294985% 0.341412% 0.000000% 0.000000% 0.000000% 0.341412%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 54,589.60
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.579532% Weighted Average Net Coupon 4.329532% Weighted Average Pass-Through Rate 4.327231% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 894 Number Of Loans Paid In Full 22 Ending Scheduled Collateral Loan Count 872 Beginning Scheduled Collateral Balance 473,536,688.50 Ending Scheduled Collateral Balance 456,974,571.27 Ending Actual Collateral Balance at 30-Nov-2004 457,247,921.30 Monthly P &I Constant 2,165,480.23 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 358,333.39 Unscheduled Principal 16,203,783.84
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.265977 5.189469 5.027738 Weighted Average Net Rate 5.015977 4.939469 4.777738 Weighted Average Maturity 356 356 353 Beginning Loan Count 332 164 54 Loans Paid In Full 11 5 1 Ending Loan Count 321 159 53 Beginning Scheduled Balance 173,830,857.45 91,800,922.16 39,103,582.90 Ending scheduled Balance 167,752,523.36 87,097,264.06 36,278,042.62 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 793,948.70 424,938.13 176,015.37 Scheduled Principal 31,124.23 27,939.79 12,179.90 Unscheduled Principal 6,047,209.86 4,675,718.31 2,813,360.38 Scheduled Interest 762,824.47 396,998.34 163,835.47 Servicing Fees 36,214.76 19,125.19 8,146.58 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 725,701.80 377,873.15 155,688.89 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 5.009710 4.939469 4.777738
Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.437095 4.579532 Weighted Average Net Rate 3.187095 4.329532 Weighted Average Maturity 349 354 Beginning Loan Count 344 894 Loans Paid In Full 5 22 Ending Loan Count 339 872 Beginning Scheduled Balance 168,801,325.99 473,536,688.50 Ending scheduled Balance 165,846,741.23 456,974,571.27 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 770,578.03 2,165,480.23 Scheduled Principal 287,089.47 358,333.39 Unscheduled Principal 2,667,495.29 16,203,783.84 Scheduled Interest 483,488.56 1,807,146.84 Servicing Fees 35,166.94 98,653.47 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 448,321.62 1,707,585.46 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 3.187095 4.327231
Miscellaneous Reporting Group 1 Avearge Loss Severity % Group I 0.000000% Senior Percentage Group I 95.440304% Senior Prep. Percentage Group I 100.000000% Subordinate Percentage Group I 4.559696% Subordinate Prep. Percentage Group I 0.000000% Group 2 Avearge Loss Severity % Group II 0.000000% Senior Percentage Group II 95.650192% Senior Prep. Percentage Group II 100.000000% Subordinate Percentage Group II 4.349808% Subordinate Prep. Percentage Group II 0.000000% Group 3 Avearge Loss Severity % Group III 0.000000% Senior Percentage Group III 95.346272% Senior Prep. Percentage Group III 100.000000% Subordinate Percentage Group III 4.653728% Subordinate Prep. Percentage Group III 0.000000%
Miscellaneous Reporting Group 4 Avearge Loss Severity % Group IV 0.000000% Senior Percentage Group IV 95.517201% Senior Prep. Percentage Group IV 100.000000% Subordinate Percentage Group IV 4.482799% Subordinate Prep. Percentage Group IV 0.000000%
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