-----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, APC5cKwkJShZJgTpi7ixrd96+9WKGvTKzgNmsHnD1+3ksjVS50sXYryYlpdS5uo+ VFcfiXUam9vCKMfrZQpuCQ== 0001056404-05-000266.txt : 20050105 0001056404-05-000266.hdr.sgml : 20050105 20050105141627 ACCESSION NUMBER: 0001056404-05-000266 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: Securitized Asset Back Receivables LLC Trust 2004-DO2 CENTRAL INDEX KEY: 0001304570 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-108395-08 FILM NUMBER: 05511830 BUSINESS ADDRESS: STREET 1: 200 PARK AVE. CITY: NEW YORK STATE: NY ZIP: 10166 8-K 1 sab04do2_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 SECURITIZED ASSET BACKED RECEVABLES TRUST Mortgage Pass-Through Certificates, Series 2004-DO2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108395-08 54-2161245 Pooling and Servicing Agreement) (Commission 54-2161246 (State or other File Number) 54-6643060 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 SECURITIZED ASSET BACKED RECEVABLES TRUST, Mortgage Pass-Through Certificates, Series 2004-DO2 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-DO2 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. SECURITIZED ASSET BACKED RECEVABLES TRUST Mortgage Pass-Through Certificates, Series 2004-DO2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee 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-DO2 Trust, relating to the December 27, 2004 distribution. EX-99.1
Securitized Asset Backed Receivables Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Securitized Asset Backed Receivables Mortgage Pass-Through Certificates Series 2004-DO2 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 81375WCB0 SEN 2.52563% 163,494,344.19 355,575.36 3,816,616.28 A-2 81375WBU9 SEN 2.56063% 18,840,105.16 41,542.19 722,715.47 M-1 81375WBV7 MEZ 2.84063% 12,355,000.00 30,221.54 0.00 M-2 81375WBW5 MEZ 3.38063% 10,108,000.00 29,425.38 0.00 M-3 81375WBX3 MEZ 3.53063% 3,145,000.00 9,561.63 0.00 B-1 81375WBY1 SUB 3.98063% 2,471,000.00 8,470.01 0.00 B-2 81375WBZ8 SUB 4.03063% 2,246,000.00 7,795.46 0.00 B-3 81375WCA2 SUB 5.63063% 2,246,000.00 10,889.95 0.00 X SAB04D02X SEN 0.00000% 5,054,183.82 689,190.71 0.00 P SAB04D02P SEN 0.00000% 0.01 60,859.75 0.00 R SAB04D02R RES 0.00000% 0.00 0.00 0.00 Totals 219,959,633.18 1,243,531.98 4,539,331.75
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 159,677,727.91 4,172,191.64 0.00 A-2 0.00 18,117,389.69 764,257.66 0.00 M-1 0.00 12,355,000.00 30,221.54 0.00 M-2 0.00 10,108,000.00 29,425.38 0.00 M-3 0.00 3,145,000.00 9,561.63 0.00 B-1 0.00 2,471,000.00 8,470.01 0.00 B-2 0.00 2,246,000.00 7,795.46 0.00 B-3 0.00 2,246,000.00 10,889.95 0.00 X 0.00 5,054,183.82 689,190.71 0.00 P 0.00 0.01 60,859.75 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 215,420,301.43 5,782,863.73 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-1 167,530,000.00 163,494,344.19 0.00 3,816,616.28 0.00 0.00 A-2 19,475,000.00 18,840,105.16 0.00 722,715.47 0.00 0.00 M-1 12,355,000.00 12,355,000.00 0.00 0.00 0.00 0.00 M-2 10,108,000.00 10,108,000.00 0.00 0.00 0.00 0.00 M-3 3,145,000.00 3,145,000.00 0.00 0.00 0.00 0.00 B-1 2,471,000.00 2,471,000.00 0.00 0.00 0.00 0.00 B-2 2,246,000.00 2,246,000.00 0.00 0.00 0.00 0.00 B-3 2,246,000.00 2,246,000.00 0.00 0.00 0.00 0.00 X 5,054,392.28 5,054,183.82 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 224,630,392.29 219,959,633.18 0.00 4,539,331.75 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 3,816,616.28 159,677,727.91 0.95312916 3,816,616.28 A-2 722,715.47 18,117,389.69 0.93028959 722,715.47 M-1 0.00 12,355,000.00 1.00000000 0.00 M-2 0.00 10,108,000.00 1.00000000 0.00 M-3 0.00 3,145,000.00 1.00000000 0.00 B-1 0.00 2,471,000.00 1.00000000 0.00 B-2 0.00 2,246,000.00 1.00000000 0.00 B-3 0.00 2,246,000.00 1.00000000 0.00 X 0.00 5,054,183.82 0.99995876 0.00 P 0.00 0.01 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 4,539,331.75 215,420,301.43 0.95899891 4,539,331.75
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 167,530,000.00 975.91084695 0.00000000 22.78168853 0.00000000 A-2 19,475,000.00 967.39949474 0.00000000 37.10990860 0.00000000 M-1 12,355,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 10,108,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 3,145,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 2,471,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 2,246,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 2,246,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,054,392.28 999.95875666 0.00000000 0.00000000 0.00000000 P 0.01 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 22.78168853 953.12915842 0.95312916 22.78168853 A-2 0.00000000 37.10990860 930.28958614 0.93028959 37.10990860 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 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.95875666 0.99995876 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 167,530,000.00 2.52563% 163,494,344.19 355,575.36 0.00 0.00 A-2 19,475,000.00 2.56063% 18,840,105.16 41,542.19 0.00 0.00 M-1 12,355,000.00 2.84063% 12,355,000.00 30,221.54 0.00 0.00 M-2 10,108,000.00 3.38063% 10,108,000.00 29,425.38 0.00 0.00 M-3 3,145,000.00 3.53063% 3,145,000.00 9,561.63 0.00 0.00 B-1 2,471,000.00 3.98063% 2,471,000.00 8,470.01 0.00 0.00 B-2 2,246,000.00 4.03063% 2,246,000.00 7,795.46 0.00 0.00 B-3 2,246,000.00 5.63063% 2,246,000.00 10,889.95 0.00 0.00 X 5,054,392.28 0.00000% 5,054,183.82 0.00 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 224,630,392.29 493,481.52 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 0.00 0.00 355,575.36 0.00 159,677,727.91 A-2 0.00 0.00 41,542.19 0.00 18,117,389.69 M-1 0.00 0.00 30,221.54 0.00 12,355,000.00 M-2 0.00 0.00 29,425.38 0.00 10,108,000.00 M-3 0.00 0.00 9,561.63 0.00 3,145,000.00 B-1 0.00 0.00 8,470.01 0.00 2,471,000.00 B-2 0.00 0.00 7,795.46 0.00 2,246,000.00 B-3 0.00 0.00 10,889.95 0.00 2,246,000.00 X 0.00 0.00 689,190.71 0.00 5,054,183.82 P 0.00 0.00 60,859.75 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,243,531.98 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-1 167,530,000.00 2.52563% 975.91084695 2.12245783 0.00000000 0.00000000 A-2 19,475,000.00 2.56063% 967.39949474 2.13310347 0.00000000 0.00000000 M-1 12,355,000.00 2.84063% 1000.00000000 2.44609794 0.00000000 0.00000000 M-2 10,108,000.00 3.38063% 1000.00000000 2.91109814 0.00000000 0.00000000 M-3 3,145,000.00 3.53063% 1000.00000000 3.04026391 0.00000000 0.00000000 B-1 2,471,000.00 3.98063% 1000.00000000 3.42776609 0.00000000 0.00000000 B-2 2,246,000.00 4.03063% 1000.00000000 3.47081923 0.00000000 0.00000000 B-3 2,246,000.00 5.63063% 1000.00000000 4.84859751 0.00000000 0.00000000 X 5,054,392.28 0.00000% 999.95875666 0.00000000 0.00000000 0.00000000 P 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 2.12245783 0.00000000 953.12915842 A-2 0.00000000 0.00000000 2.13310347 0.00000000 930.28958614 M-1 0.00000000 0.00000000 2.44609794 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.91109814 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.04026391 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.42776609 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.47081923 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.84859751 0.00000000 1000.00000000 X 0.00000000 0.00000000 136.35481218 0.00000000 999.95875666 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 5,808,336.46 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 48,483.55 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 60,859.75 Total Deposits 5,917,679.76 Withdrawals Reimbursement for Servicer Advances 42,066.38 Payment of Service Fee 92,749.65 Payment of Interest and Principal 5,782,863.73 Total Withdrawals (Pool Distribution Amount) 5,917,679.76 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 91,649.85 Wells Fargo Bank, NA 1,099.80 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 92,749.65
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance 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 31 0 0 0 31 4,254,804.80 0.00 0.00 0.00 4,254,804.80 60 Days 14 0 0 0 14 1,873,200.89 0.00 0.00 0.00 1,873,200.89 90 Days 6 0 0 0 6 1,013,682.45 0.00 0.00 0.00 1,013,682.45 120 Days 3 0 0 0 3 369,621.41 0.00 0.00 0.00 369,621.41 150 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 54 0 0 0 54 7,511,309.55 0.00 0.00 0.00 7,511,309.55 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 2.022179% 0.000000% 0.000000% 0.000000% 2.022179% 1.975118% 0.000000% 0.000000% 0.000000% 1.975118% 60 Days 0.913242% 0.000000% 0.000000% 0.000000% 0.913242% 0.869556% 0.000000% 0.000000% 0.000000% 0.869556% 90 Days 0.391389% 0.000000% 0.000000% 0.000000% 0.391389% 0.470560% 0.000000% 0.000000% 0.000000% 0.470560% 120 Days 0.195695% 0.000000% 0.000000% 0.000000% 0.195695% 0.171582% 0.000000% 0.000000% 0.000000% 0.171582% 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 3.522505% 0.000000% 0.000000% 0.000000% 3.522505% 3.486816% 0.000000% 0.000000% 0.000000% 3.486816%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 48,483.55
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.958124% Weighted Average Net Coupon 6.458124% Weighted Average Pass-Through Rate 6.452124% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 1,556 Number Of Loans Paid In Full 23 Ending Scheduled Collateral Loan Count 1,533 Beginning Scheduled Collateral Balance 219,959,633.18 Ending Scheduled Collateral Balance 215,420,301.43 Ending Actual Collateral Balance at 30-Nov-2004 215,420,301.43 Monthly P &I Constant 1,420,384.49 Special Servicing Fee 0.00 Prepayment Penalties 60,859.75 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 144,962.54 Unscheduled Principal 4,394,369.21 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,054,183.83 Overcollateralized Amount 5,054,183.83 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 1,123,151.96 Extra principal distribution Amount 0.00 Excess Cash Amount 689,190.71
Miscellaneous Reporting Cumulative Loss Percentage 0.000000% 60-Day Delinquency Percentage 0.9362% TRIGGER Event NO CAP Payment A-2 0.00 CAP Payment B 0.00 CAP Payment M 0.00
-----END PRIVACY-ENHANCED MESSAGE-----