-----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, Fv8NAOI1CDM0WoZgssPmAnb4je/Q3jVl41ZiLxqrYIhKNAEjNgaorFfgZ76M6lM2 o3rw9gfOIGY8xkydyjSI/w== 0001056404-04-004586.txt : 20041230 0001056404-04-004586.hdr.sgml : 20041230 20041230111723 ACCESSION NUMBER: 0001056404-04-004586 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: 20041230 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTR Asset Backed Securities Trust 2004-HE1 CENTRAL INDEX KEY: 0001304710 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: 333-106982-41 FILM NUMBER: 041232823 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127132000 MAIL ADDRESS: STREET 1: 1285 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mab04he1_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 MASTR ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-HE1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-41 54-2161213 Pooling and Servicing Agreement) (Commission 54-2161214 (State or other File Number) 54-2161215 jurisdiction 54-2161216 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 MASTR ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2004-HE1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-HE1 Trust, relating to the December 27, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MASTR ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-HE1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-HE1 Trust, relating to the December 27, 2004 distribution. EX-99.1
MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates Series 2004-HE1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 57643LEE2 SEN 2.58000% 271,746,598.51 603,730.36 8,835,998.16 A-2 57643LEF9 SEN 2.37000% 144,128,644.45 294,142.54 8,835,967.13 A-3 57643LEG7 SEN 2.54000% 63,886,000.00 139,732.88 0.00 A-4 57643LEH5 SEN 2.75000% 63,731,000.00 150,918.55 0.00 M-1 57643LEJ1 MEZ 2.83000% 30,738,000.00 74,906.80 0.00 M-2 57643LEK8 MEZ 2.91000% 9,355,000.00 23,442.07 0.00 M-3 57643LEL6 MEZ 3.28000% 6,682,000.00 18,872.94 0.00 M-4 57643LEM4 MEZ 3.38000% 6,348,000.00 18,476.21 0.00 M-5 57643LEN2 MEZ 3.53000% 6,014,000.00 18,280.89 0.00 M-6 57643LEP7 MEZ 3.83000% 6,014,000.00 19,834.51 0.00 M-7 57643LEQ5 MEZ 4.03000% 5,679,000.00 19,707.71 0.00 M-8 57643LER3 MEZ 4.68000% 5,011,000.00 20,194.33 0.00 M-9 57643LES1 MEZ 5.68000% 6,682,000.00 32,682.40 0.00 M-10 57643LET9 MEZ 5.68000% 5,345,000.00 26,142.99 0.00 M-11 57643LEU6 MEZ 5.68000% 4,009,000.00 19,608.46 0.00 CE MAB4HE1CE SUB 0.00000% 6,682,320.51 1,525,530.02 0.00 R MAB04HE1R RES 0.00000% 0.00 0.00 0.00 R-X MAB4HE1RX RES 0.00000% 0.00 0.00 0.00 P MAB04HE1P PPP 0.00000% 100.00 384,605.28 0.00 Totals 642,051,663.47 3,390,808.94 17,671,965.29
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 262,910,600.35 9,439,728.52 0.00 A-2 0.00 135,292,677.32 9,130,109.67 0.00 A-3 0.00 63,886,000.00 139,732.88 0.00 A-4 0.00 63,731,000.00 150,918.55 0.00 M-1 0.00 30,738,000.00 74,906.80 0.00 M-2 0.00 9,355,000.00 23,442.07 0.00 M-3 0.00 6,682,000.00 18,872.94 0.00 M-4 0.00 6,348,000.00 18,476.21 0.00 M-5 0.00 6,014,000.00 18,280.89 0.00 M-6 0.00 6,014,000.00 19,834.51 0.00 M-7 0.00 5,679,000.00 19,707.71 0.00 M-8 0.00 5,011,000.00 20,194.33 0.00 M-9 0.00 6,682,000.00 32,682.40 0.00 M-10 0.00 5,345,000.00 26,142.99 0.00 M-11 0.00 4,009,000.00 19,608.46 0.00 CE 0.00 6,682,320.51 1,525,530.02 0.00 R 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 P 0.00 100.00 384,605.28 0.00 Totals 0.00 624,379,698.18 21,062,774.23 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-1 284,834,000.00 271,746,598.51 0.00 8,835,998.16 0.00 0.00 A-2 157,216,000.00 144,128,644.45 0.00 8,835,967.13 0.00 0.00 A-3 63,886,000.00 63,886,000.00 0.00 0.00 0.00 0.00 A-4 63,731,000.00 63,731,000.00 0.00 0.00 0.00 0.00 M-1 30,738,000.00 30,738,000.00 0.00 0.00 0.00 0.00 M-2 9,355,000.00 9,355,000.00 0.00 0.00 0.00 0.00 M-3 6,682,000.00 6,682,000.00 0.00 0.00 0.00 0.00 M-4 6,348,000.00 6,348,000.00 0.00 0.00 0.00 0.00 M-5 6,014,000.00 6,014,000.00 0.00 0.00 0.00 0.00 M-6 6,014,000.00 6,014,000.00 0.00 0.00 0.00 0.00 M-7 5,679,000.00 5,679,000.00 0.00 0.00 0.00 0.00 M-8 5,011,000.00 5,011,000.00 0.00 0.00 0.00 0.00 M-9 6,682,000.00 6,682,000.00 0.00 0.00 0.00 0.00 M-10 5,345,000.00 5,345,000.00 0.00 0.00 0.00 0.00 M-11 4,009,000.00 4,009,000.00 0.00 0.00 0.00 0.00 CE 6,687,951.22 6,682,320.51 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 668,232,051.22 642,051,663.47 0.00 17,671,965.29 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 8,835,998.16 262,910,600.35 0.92303096 8,835,998.16 A-2 8,835,967.13 135,292,677.32 0.86055285 8,835,967.13 A-3 0.00 63,886,000.00 1.00000000 0.00 A-4 0.00 63,731,000.00 1.00000000 0.00 M-1 0.00 30,738,000.00 1.00000000 0.00 M-2 0.00 9,355,000.00 1.00000000 0.00 M-3 0.00 6,682,000.00 1.00000000 0.00 M-4 0.00 6,348,000.00 1.00000000 0.00 M-5 0.00 6,014,000.00 1.00000000 0.00 M-6 0.00 6,014,000.00 1.00000000 0.00 M-7 0.00 5,679,000.00 1.00000000 0.00 M-8 0.00 5,011,000.00 1.00000000 0.00 M-9 0.00 6,682,000.00 1.00000000 0.00 M-10 0.00 5,345,000.00 1.00000000 0.00 M-11 0.00 4,009,000.00 1.00000000 0.00 CE 0.00 6,682,320.51 0.99915808 0.00 R 0.00 0.00 0.00000000 0.00 R-X 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 17,671,965.29 624,379,698.18 0.93437556 17,671,965.29
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 284,834,000.00 954.05253063 0.00000000 31.02157102 0.00000000 A-2 157,216,000.00 916.75557481 0.00000000 56.20272192 0.00000000 A-3 63,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 63,731,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 30,738,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 9,355,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 6,682,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 6,348,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 6,014,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 6,014,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 5,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 5,011,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 6,682,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 5,345,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-11 4,009,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 6,687,951.22 999.15808148 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) All classes 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 31.02157102 923.03095961 0.92303096 31.02157102 A-2 0.00000000 56.20272192 860.55285289 0.86055285 56.20272192 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 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.15808148 0.99915808 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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-1 284,834,000.00 2.58000% 271,746,598.51 603,730.36 0.00 0.00 A-2 157,216,000.00 2.37000% 144,128,644.45 294,142.54 0.00 0.00 A-3 63,886,000.00 2.54000% 63,886,000.00 139,732.88 0.00 0.00 A-4 63,731,000.00 2.75000% 63,731,000.00 150,918.55 0.00 0.00 M-1 30,738,000.00 2.83000% 30,738,000.00 74,906.80 0.00 0.00 M-2 9,355,000.00 2.91000% 9,355,000.00 23,442.07 0.00 0.00 M-3 6,682,000.00 3.28000% 6,682,000.00 18,872.94 0.00 0.00 M-4 6,348,000.00 3.38000% 6,348,000.00 18,476.21 0.00 0.00 M-5 6,014,000.00 3.53000% 6,014,000.00 18,280.89 0.00 0.00 M-6 6,014,000.00 3.83000% 6,014,000.00 19,834.51 0.00 0.00 M-7 5,679,000.00 4.03000% 5,679,000.00 19,707.71 0.00 0.00 M-8 5,011,000.00 4.68000% 5,011,000.00 20,194.33 0.00 0.00 M-9 6,682,000.00 5.68000% 6,682,000.00 32,682.40 0.00 0.00 M-10 5,345,000.00 5.68000% 5,345,000.00 26,142.99 0.00 0.00 M-11 4,009,000.00 5.68000% 4,009,000.00 19,608.46 0.00 0.00 CE 6,687,951.22 0.00000% 6,682,320.51 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 R-X 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 668,232,051.22 1,480,673.64 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 0.00 603,730.36 0.00 262,910,600.35 A-2 0.00 0.00 294,142.54 0.00 135,292,677.32 A-3 0.00 0.00 139,732.88 0.00 63,886,000.00 A-4 0.00 0.00 150,918.55 0.00 63,731,000.00 M-1 0.00 0.00 74,906.80 0.00 30,738,000.00 M-2 0.00 0.00 23,442.07 0.00 9,355,000.00 M-3 0.00 0.00 18,872.94 0.00 6,682,000.00 M-4 0.00 0.00 18,476.21 0.00 6,348,000.00 M-5 0.00 0.00 18,280.89 0.00 6,014,000.00 M-6 0.00 0.00 19,834.51 0.00 6,014,000.00 M-7 0.00 0.00 19,707.71 0.00 5,679,000.00 M-8 0.00 0.00 20,194.33 0.00 5,011,000.00 M-9 0.00 0.00 32,682.40 0.00 6,682,000.00 M-10 0.00 0.00 26,142.99 0.00 5,345,000.00 M-11 0.00 0.00 19,608.46 0.00 4,009,000.00 CE 0.00 0.00 1,525,530.02 0.00 6,682,320.51 R 0.00 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 384,605.28 0.00 100.00 Totals 0.00 0.00 3,390,808.94 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-1 284,834,000.00 2.58000% 954.05253063 2.11958671 0.00000000 0.00000000 A-2 157,216,000.00 2.37000% 916.75557481 1.87094532 0.00000000 0.00000000 A-3 63,886,000.00 2.54000% 1000.00000000 2.18722224 0.00000000 0.00000000 A-4 63,731,000.00 2.75000% 1000.00000000 2.36805558 0.00000000 0.00000000 M-1 30,738,000.00 2.83000% 1000.00000000 2.43694450 0.00000000 0.00000000 M-2 9,355,000.00 2.91000% 1000.00000000 2.50583324 0.00000000 0.00000000 M-3 6,682,000.00 3.28000% 1000.00000000 2.82444478 0.00000000 0.00000000 M-4 6,348,000.00 3.38000% 1000.00000000 2.91055608 0.00000000 0.00000000 M-5 6,014,000.00 3.53000% 1000.00000000 3.03972231 0.00000000 0.00000000 M-6 6,014,000.00 3.83000% 1000.00000000 3.29805620 0.00000000 0.00000000 M-7 5,679,000.00 4.03000% 1000.00000000 3.47027822 0.00000000 0.00000000 M-8 5,011,000.00 4.68000% 1000.00000000 4.03000000 0.00000000 0.00000000 M-9 6,682,000.00 5.68000% 1000.00000000 4.89111045 0.00000000 0.00000000 M-10 5,345,000.00 5.68000% 1000.00000000 4.89111132 0.00000000 0.00000000 M-11 4,009,000.00 5.68000% 1000.00000000 4.89111000 0.00000000 0.00000000 CE 6,687,951.22 0.00000% 999.15808148 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) All classes 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 2.11958671 0.00000000 923.03095961 A-2 0.00000000 0.00000000 1.87094532 0.00000000 860.55285289 A-3 0.00000000 0.00000000 2.18722224 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 2.36805558 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.43694450 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.50583324 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.82444478 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.91055608 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.03972231 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.29805620 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 3.47027822 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 4.03000000 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 4.89111045 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 4.89111132 0.00000000 1000.00000000 M-11 0.00000000 0.00000000 4.89111000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 228.10124802 0.00000000 999.15808148 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 3846052.80000000 0.00000000 1000.00000000 (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 21,332,807.27 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 108,639.96 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 384,605.28 Total Deposits 21,826,052.51 Withdrawals Reimbursement for Servicer Advances 56,805.39 Payment of Service Fee 706,472.89 Payment of Interest and Principal 21,062,774.23 Total Withdrawals (Pool Distribution Amount) 21,826,052.51 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 267,521.53 Credit Risk Manager Fee - Murray Hill Co. 8,025.65 PMI Policy Fee 418,086.53 Trust Administration Fee 12,839.18 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 706,472.89
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 3,350.36 3,350.36 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 12 0 0 12 1,490,371.91 0.00 0.00 1,490,371.91 30 Days 51 1 0 0 52 8,862,051.63 74,588.24 0.00 0.00 8,936,639.87 60 Days 15 0 1 0 16 2,471,876.00 0.00 143,654.60 0.00 2,615,530.60 90 Days 2 2 17 0 21 516,701.03 152,208.10 2,594,331.12 0.00 3,263,240.25 120 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 68 15 18 0 101 11,850,628.66 1,717,168.25 2,737,985.72 0.00 16,305,782.63 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 0.340040% 0.000000% 0.000000% 0.340040% 0.238493% 0.000000% 0.000000% 0.238493% 30 Days 1.445169% 0.028337% 0.000000% 0.000000% 1.473505% 1.418130% 0.011936% 0.000000% 0.000000% 1.430065% 60 Days 0.425050% 0.000000% 0.028337% 0.000000% 0.453386% 0.395556% 0.000000% 0.022988% 0.000000% 0.418544% 90 Days 0.056673% 0.056673% 0.481723% 0.000000% 0.595069% 0.082684% 0.024357% 0.415152% 0.000000% 0.522193% 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 1.926891% 0.425050% 0.510060% 0.000000% 2.862001% 1.896370% 0.274786% 0.438140% 0.000000% 2.609296%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 3 0 0 3 222,164.13 0.00 0.00 222,164.13 30 Days 13 1 0 0 14 1,736,533.67 74,588.24 0.00 0.00 1,811,121.91 60 Days 5 0 0 0 5 690,235.41 0.00 0.00 0.00 690,235.41 90 Days 0 0 2 0 2 0.00 0.00 309,641.27 0.00 309,641.27 120 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 18 4 2 0 24 2,426,769.08 296,752.37 309,641.27 0.00 3,033,162.72 0-29 Days 0.215983% 0.000000% 0.000000% 0.215983% 0.107434% 0.000000% 0.000000% 0.107434% 30 Days 0.935925% 0.071994% 0.000000% 0.000000% 1.007919% 0.839750% 0.036069% 0.000000% 0.000000% 0.875819% 60 Days 0.359971% 0.000000% 0.000000% 0.000000% 0.359971% 0.333783% 0.000000% 0.000000% 0.000000% 0.333783% 90 Days 0.000000% 0.000000% 0.143988% 0.000000% 0.143988% 0.000000% 0.000000% 0.149736% 0.000000% 0.149736% 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 1.295896% 0.287977% 0.143988% 0.000000% 1.727862% 1.173533% 0.143503% 0.149736% 0.000000% 1.466772% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 9 0 0 9 1,268,207.78 0.00 0.00 1,268,207.78 30 Days 38 0 0 0 38 7,125,517.96 0.00 0.00 0.00 7,125,517.96 60 Days 10 0 1 0 11 1,781,640.59 0.00 143,654.60 0.00 1,925,295.19 90 Days 2 2 15 0 19 516,701.03 152,208.10 2,284,689.85 0.00 2,953,598.98 120 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 50 11 16 0 77 9,423,859.58 1,420,415.88 2,428,344.45 0.00 13,272,619.91 0-29 Days 0.420561% 0.000000% 0.000000% 0.420561% 0.303312% 0.000000% 0.000000% 0.303312% 30 Days 1.775701% 0.000000% 0.000000% 0.000000% 1.775701% 1.704182% 0.000000% 0.000000% 0.000000% 1.704182% 60 Days 0.467290% 0.000000% 0.046729% 0.000000% 0.514019% 0.426108% 0.000000% 0.034357% 0.000000% 0.460465% 90 Days 0.093458% 0.093458% 0.700935% 0.000000% 0.887850% 0.123577% 0.036403% 0.546420% 0.000000% 0.706401% 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 2.336449% 0.514019% 0.747664% 0.000000% 3.598131% 2.253867% 0.339715% 0.580778% 0.000000% 3.174360%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 108,639.96 Class R 98,565,051.22 14.75012326% 98,559,420.51 15.78517380% 0.000000% 0.000000% Class M-1 67,827,051.22 10.15022418% 67,821,420.51 10.86220784% 4.922966% 0.000000% Class M-2 58,472,051.22 8.75026140% 58,466,420.51 9.36392081% 1.498287% 0.000000% Class M-3 51,790,051.22 7.75030936% 51,784,420.51 8.29373868% 1.070182% 0.000000% Class M-4 45,442,051.22 6.80033996% 45,436,420.51 7.27704963% 1.016689% 0.000000% Class CE 100.00 0.00001496% 100.00 0.00001602% 1.070233% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000016% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.939489% Weighted Average Net Coupon 6.439489% Weighted Average Pass-Through Rate 5.619085% Weighted Average Maturity(Stepdown Calculation ) 345 Beginning Scheduled Collateral Loan Count 3,618 Number Of Loans Paid In Full 89 Ending Scheduled Collateral Loan Count 3,529 Beginning Scheduled Collateral Balance 642,051,663.47 Ending Scheduled Collateral Balance 624,379,698.18 Ending Actual Collateral Balance at 30-Nov-2004 624,911,305.39 Monthly P &I Constant 4,253,376.62 Special Servicing Fee 0.00 Prepayment Penalties 384,605.28 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 540,451.27 Unscheduled Principal 17,131,514.02
CAP Payments 0.00
Miscellaneous Reporting Credit Enhancement 0.157852% Excess Cash 1,525,530.02 Extra Principal Distribution Amount 0.00 Overcollaterization Amount 6,682,320.51 Overcollaterization Deficiency Amount 0.00 Overcollaterization Release Amount 0.00 Overcollaterization Target Amount 6,682,320.51
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.955375 6.931730 6.939489 Weighted Average Net Rate 6.455375 6.431730 6.439489 Weighted Average Maturity 330 353 345 Beginning Loan Count 1,411 2,207 3,618 Loans Paid In Full 22 67 89 Ending Loan Count 1,389 2,140 3,529 Beginning Scheduled Balance 210,672,829.37 431,378,834.10 642,051,663.47 Ending scheduled Balance 206,591,221.38 417,788,476.80 624,379,698.18 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,449,409.44 2,803,967.18 4,253,376.62 Scheduled Principal 228,318.93 312,132.34 540,451.27 Unscheduled Principal 3,853,289.06 13,278,224.96 17,131,514.02 Scheduled Interest 1,221,090.51 2,491,834.84 3,712,925.35 Servicing Fees 87,780.35 179,741.18 267,521.53 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 156,501.43 282,449.93 438,951.36 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 1,133,310.26 2,312,093.42 3,445,403.68 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 5.563938 5.646018 5.619085
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