-----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, FZp4q1fhgGJEjpd1jZbaFW7qvwENJnsMPwisVjgv4EupC8/XWHh/CfBONAZcp0E9 xLSEtPQo9bCklHM4o7LZRg== 0001056404-04-004120.txt : 20041202 0001056404-04-004120.hdr.sgml : 20041202 20041202105734 ACCESSION NUMBER: 0001056404-04-004120 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTR Adjustable Rate Mortgages Trust 2004-10 CENTRAL INDEX KEY: 0001304818 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: 333-106982-43 FILM NUMBER: 041179267 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 mam04010_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 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-10 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-43 54-2161222 Pooling and Servicing Agreement) (Commission 54-2161223 (State or other File Number) 54-6643051 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 MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2004-10 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 2004-10 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. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-10 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: 11/27/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-10 Trust, relating to the November 26, 2004 distribution. EX-99.1
Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 MARM Series: 2004-10 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 1-A1 576433SU1 SEN 5.05728% 59,379,727.17 250,249.90 913,395.07 A-R 576433TA4 SEN 5.05421% 0.00 0.00 0.00 A-LR 576433SZ0 SEN 5.05421% 0.00 0.00 0.00 2-A1 576433SV9 SEN 5.05000% 94,176,557.74 396,326.58 2,721,410.64 2-A2 576433SW7 SEN 5.05000% 2,912,798.74 12,258.04 84,170.86 3-A1 576433SX5 SEN 5.30889% 61,136,170.76 270,470.93 1,616,485.89 3-A2 576433SY3 SEN 5.30889% 1,890,294.13 8,362.80 49,980.78 B-1 576433TB2 SUB 5.12575% 6,638,728.87 28,357.08 2,327.74 B-2 576433TC0 SUB 5.12575% 3,081,945.66 13,164.41 1,080.62 B-3 576433TD8 SUB 5.12575% 1,896,351.25 8,100.19 664.92 B-4 576433SR8 SUB 5.12575% 1,659,432.30 7,088.20 581.85 B-5 576433SS6 SUB 5.12575% 1,304,553.71 5,572.35 457.42 B-6 576433ST4 SUB 5.12575% 829,838.34 3,544.62 290.97 P 576434WU4 PPAY 0.00000% 0.01 13,744.78 0.00 Totals 234,906,398.68 1,017,239.88 5,390,846.76
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 58,466,332.10 1,163,644.97 0.00 A-R 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 2-A1 0.00 91,455,147.10 3,117,737.22 0.00 2-A2 0.00 2,828,627.88 96,428.90 0.00 3-A1 0.00 59,519,684.86 1,886,956.82 0.00 3-A2 0.00 1,840,313.35 58,343.58 0.00 B-1 0.00 6,636,401.13 30,684.82 0.00 B-2 0.00 3,080,865.03 14,245.03 0.00 B-3 0.00 1,895,686.33 8,765.11 0.00 B-4 0.00 1,658,850.46 7,670.05 0.00 B-5 0.00 1,304,096.29 6,029.77 0.00 B-6 0.00 829,547.37 3,835.59 0.01 P 0.00 0.01 13,744.78 0.00 Totals 0.00 229,515,551.91 6,408,086.64 0.01 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) 1-A1 60,000,000.00 59,379,727.17 18,802.00 894,593.07 0.00 0.00 A-R 50.00 0.00 0.00 0.00 0.00 0.00 A-LR 50.00 0.00 0.00 0.00 0.00 0.00 2-A1 95,735,000.00 94,176,557.74 35,534.69 2,685,875.95 0.00 0.00 2-A2 2,961,000.00 2,912,798.74 1,099.06 83,071.80 0.00 0.00 3-A1 61,159,000.00 61,136,170.76 21,170.68 1,595,315.21 0.00 0.00 3-A2 1,891,000.00 1,890,294.13 654.59 49,326.20 0.00 0.00 B-1 6,641,000.00 6,638,728.87 2,327.74 0.00 0.00 0.00 B-2 3,083,000.00 3,081,945.66 1,080.62 0.00 0.00 0.00 B-3 1,897,000.00 1,896,351.25 664.92 0.00 0.00 0.00 B-4 1,660,000.00 1,659,432.30 581.85 0.00 0.00 0.00 B-5 1,305,000.00 1,304,553.71 457.42 0.00 0.00 0.00 B-6 830,122.24 829,838.34 290.97 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 Totals 237,162,222.25 234,906,398.68 82,664.54 5,308,182.23 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 1-A1 913,395.07 58,466,332.10 0.97443887 913,395.07 A-R 0.00 0.00 0.00000000 0.00 A-LR 0.00 0.00 0.00000000 0.00 2-A1 2,721,410.64 91,455,147.10 0.95529479 2,721,410.64 2-A2 84,170.86 2,828,627.88 0.95529479 84,170.86 3-A1 1,616,485.89 59,519,684.86 0.97319585 1,616,485.89 3-A2 49,980.78 1,840,313.35 0.97319585 49,980.78 B-1 2,327.74 6,636,401.13 0.99930750 2,327.74 B-2 1,080.62 3,080,865.03 0.99930750 1,080.62 B-3 664.92 1,895,686.33 0.99930750 664.92 B-4 581.85 1,658,850.46 0.99930751 581.85 B-5 457.42 1,304,096.29 0.99930750 457.42 B-6 290.97 829,547.37 0.99930749 290.97 P 0.00 0.01 1.00000000 0.00 Totals 5,390,846.76 229,515,551.91 0.96775764 5,390,846.76
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 60,000,000.00 989.66211950 0.31336667 14.90988450 0.00000000 A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 95,735,000.00 983.72129044 0.37117763 28.05531885 0.00000000 2-A2 2,961,000.00 983.72129010 0.37117866 28.05531915 0.00000000 3-A1 61,159,000.00 999.62672313 0.34615805 26.08471705 0.00000000 3-A2 1,891,000.00 999.62672131 0.34616076 26.08471708 0.00000000 B-1 6,641,000.00 999.65801385 0.35051047 0.00000000 0.00000000 B-2 3,083,000.00 999.65801492 0.35050924 0.00000000 0.00000000 B-3 1,897,000.00 999.65801265 0.35051133 0.00000000 0.00000000 B-4 1,660,000.00 999.65801205 0.35051205 0.00000000 0.00000000 B-5 1,305,000.00 999.65801533 0.35051341 0.00000000 0.00000000 B-6 830,122.24 999.65800218 0.35051464 0.00000000 0.00000000 P 0.01 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 1-A1 0.00000000 15.22325117 974.43886833 0.97443887 15.22325117 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 0.00000000 28.42649647 955.29479396 0.95529479 28.42649647 2-A2 0.00000000 28.42649780 955.29479230 0.95529479 28.42649780 3-A1 0.00000000 26.43087510 973.19584787 0.97319585 26.43087510 3-A2 0.00000000 26.43087255 973.19584876 0.97319585 26.43087255 B-1 0.00000000 0.35051047 999.30750339 0.99930750 0.35051047 B-2 0.00000000 0.35050924 999.30750243 0.99930750 0.35050924 B-3 0.00000000 0.35051133 999.30750132 0.99930750 0.35051133 B-4 0.00000000 0.35051205 999.30750602 0.99930751 0.35051205 B-5 0.00000000 0.35051341 999.30750192 0.99930750 0.35051341 B-6 0.00000000 0.35051464 999.30748753 0.99930749 0.35051464 P 0.00000000 0.00000000 0.00000000 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 1-A1 60,000,000.00 5.05728% 59,379,727.17 250,249.90 0.00 0.00 A-R 50.00 5.05421% 0.00 0.00 0.00 0.00 A-LR 50.00 5.05421% 0.00 0.00 0.00 0.00 2-A1 95,735,000.00 5.05000% 94,176,557.74 396,326.58 0.00 0.00 2-A2 2,961,000.00 5.05000% 2,912,798.74 12,258.04 0.00 0.00 3-A1 61,159,000.00 5.30889% 61,136,170.76 270,470.93 0.00 0.00 3-A2 1,891,000.00 5.30889% 1,890,294.13 8,362.80 0.00 0.00 B-1 6,641,000.00 5.12575% 6,638,728.87 28,357.08 0.00 0.00 B-2 3,083,000.00 5.12575% 3,081,945.66 13,164.41 0.00 0.00 B-3 1,897,000.00 5.12575% 1,896,351.25 8,100.19 0.00 0.00 B-4 1,660,000.00 5.12575% 1,659,432.30 7,088.20 0.00 0.00 B-5 1,305,000.00 5.12575% 1,304,553.71 5,572.35 0.00 0.00 B-6 830,122.24 5.12575% 829,838.34 3,544.62 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 Totals 237,162,222.25 1,003,495.10 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 1-A1 0.00 0.00 250,249.90 0.00 58,466,332.10 A-R 0.00 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 0.00 2-A1 0.00 0.00 396,326.58 0.00 91,455,147.10 2-A2 0.00 0.00 12,258.04 0.00 2,828,627.88 3-A1 0.00 0.00 270,470.93 0.00 59,519,684.86 3-A2 0.00 0.00 8,362.80 0.00 1,840,313.35 B-1 0.00 0.00 28,357.08 0.00 6,636,401.13 B-2 0.00 0.00 13,164.41 0.00 3,080,865.03 B-3 0.00 0.00 8,100.19 0.00 1,895,686.33 B-4 0.00 0.00 7,088.20 0.00 1,658,850.46 B-5 0.00 0.00 5,572.35 0.00 1,304,096.29 B-6 0.00 0.00 3,544.62 0.00 829,547.37 P 0.00 0.00 13,744.78 0.00 0.01 Totals 0.00 0.00 1,017,239.88 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 1-A1 60,000,000.00 5.05728% 989.66211950 4.17083167 0.00000000 0.00000000 A-R 50.00 5.05421% 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 50.00 5.05421% 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 95,735,000.00 5.05000% 983.72129044 4.13982953 0.00000000 0.00000000 2-A2 2,961,000.00 5.05000% 983.72129010 4.13983114 0.00000000 0.00000000 3-A1 61,159,000.00 5.30889% 999.62672313 4.42242237 0.00000000 0.00000000 3-A2 1,891,000.00 5.30889% 999.62672131 4.42242200 0.00000000 0.00000000 B-1 6,641,000.00 5.12575% 999.65801385 4.27000151 0.00000000 0.00000000 B-2 3,083,000.00 5.12575% 999.65801492 4.27000000 0.00000000 0.00000000 B-3 1,897,000.00 5.12575% 999.65801265 4.27000000 0.00000000 0.00000000 B-4 1,660,000.00 5.12575% 999.65801205 4.27000000 0.00000000 0.00000000 B-5 1,305,000.00 5.12575% 999.65801533 4.27000000 0.00000000 0.00000000 B-6 830,122.24 5.12575% 999.65800218 4.26999763 0.00000000 0.00000000 P 0.01 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 1-A1 0.00000000 0.00000000 4.17083167 0.00000000 974.43886833 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 0.00000000 0.00000000 4.13982953 0.00000000 955.29479396 2-A2 0.00000000 0.00000000 4.13983114 0.00000000 955.29479230 3-A1 0.00000000 0.00000000 4.42242237 0.00000000 973.19584787 3-A2 0.00000000 0.00000000 4.42242200 0.00000000 973.19584876 B-1 0.00000000 0.00000000 4.27000151 0.00000000 999.30750339 B-2 0.00000000 0.00000000 4.27000000 0.00000000 999.30750243 B-3 0.00000000 0.00000000 4.27000000 0.00000000 999.30750132 B-4 0.00000000 0.00000000 4.27000000 0.00000000 999.30750602 B-5 0.00000000 0.00000000 4.27000000 0.00000000 999.30750192 B-6 0.00000000 0.00000000 4.26999763 0.00000000 999.30748753 P 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 6,437,223.50 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 17,392.94 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 13,744.78 Total Deposits 6,468,361.22 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 60,274.58 Payment of Interest and Principal 6,408,086.64 Total Withdrawals (Pool Distribution Amount) 6,468,361.22 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 60,153.71 LPMI 120.87 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 60,274.58
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 1 0 0 1 48,443.39 0.00 0.00 48,443.39 30 Days 16 0 0 0 16 3,989,517.73 0.00 0.00 0.00 3,989,517.73 60 Days 1 0 0 0 1 71,923.02 0.00 0.00 0.00 71,923.02 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 17 1 0 0 18 4,061,440.75 48,443.39 0.00 0.00 4,109,884.14 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 0.122100% 0.000000% 0.000000% 0.122100% 0.021101% 0.000000% 0.000000% 0.021101% 30 Days 1.953602% 0.000000% 0.000000% 0.000000% 1.953602% 1.737746% 0.000000% 0.000000% 0.000000% 1.737746% 60 Days 0.122100% 0.000000% 0.000000% 0.000000% 0.122100% 0.031328% 0.000000% 0.000000% 0.000000% 0.031328% 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 2.075702% 0.122100% 0.000000% 0.000000% 2.197802% 1.769074% 0.021101% 0.000000% 0.000000% 1.790175%
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 1 0 0 1 48,443.39 0.00 0.00 48,443.39 30 Days 8 0 0 0 8 1,917,534.72 0.00 0.00 0.00 1,917,534.72 60 Days 1 0 0 0 1 71,923.02 0.00 0.00 0.00 71,923.02 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 9 1 0 0 10 1,989,457.74 48,443.39 0.00 0.00 2,037,901.13 0-29 Days 0.292398% 0.000000% 0.000000% 0.292398% 0.076872% 0.000000% 0.000000% 0.076872% 30 Days 2.339181% 0.000000% 0.000000% 0.000000% 2.339181% 3.042817% 0.000000% 0.000000% 0.000000% 3.042817% 60 Days 0.292398% 0.000000% 0.000000% 0.000000% 0.292398% 0.114130% 0.000000% 0.000000% 0.000000% 0.114130% 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 2.631579% 0.292398% 0.000000% 0.000000% 2.923977% 3.156948% 0.076872% 0.000000% 0.000000% 3.233819% 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 3 0 0 0 3 943,922.95 0.00 0.00 0.00 943,922.95 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 3 0 0 0 3 943,922.95 0.00 0.00 0.00 943,922.95 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.315789% 0.000000% 0.000000% 0.000000% 1.315789% 0.936409% 0.000000% 0.000000% 0.000000% 0.936409% 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 1.315789% 0.000000% 0.000000% 0.000000% 1.315789% 0.936409% 0.000000% 0.000000% 0.000000% 0.936409% 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 5 0 0 0 5 1,128,060.06 0.00 0.00 0.00 1,128,060.06 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 5 0 0 0 5 1,128,060.06 0.00 0.00 0.00 1,128,060.06 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.008032% 0.000000% 0.000000% 0.000000% 2.008032% 1.715440% 0.000000% 0.000000% 0.000000% 1.715440% 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 2.008032% 0.000000% 0.000000% 0.000000% 2.008032% 1.715440% 0.000000% 0.000000% 0.000000% 1.715440%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 17,392.94
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 102,687.00 0.04329821% 102,687.00 0.04474076% Fraud 4,743,244.00 1.99999981% 4,743,244.00 2.06663294% Special Hazard 3,000,000.00 1.26495694% 3,000,000.00 1.30710097% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.434180% Weighted Average Net Coupon 5.126890% Weighted Average Pass-Through Rate 5.126272% Weighted Average Maturity(Stepdown Calculation ) 357 Beginning Scheduled Collateral Loan Count 831 Number Of Loans Paid In Full 12 Ending Scheduled Collateral Loan Count 819 Beginning Scheduled Collateral Balance 234,906,398.68 Ending Scheduled Collateral Balance 229,515,551.92 Ending Actual Collateral Balance at 31-Oct-2004 229,580,073.51 Monthly P &I Constant 1,146,434.27 Special Servicing Fee 0.00 Prepayment Penalties 13,744.78 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 82,664.53 Unscheduled Principal 5,308,182.23
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.354077 5.346417 5.644994 Weighted Average Net Rate 5.057281 5.050003 5.311039 Weighted Average Maturity 357 357 357 Beginning Loan Count 346 233 252 Loans Paid In Full 4 5 3 Ending Loan Count 342 228 249 Beginning Scheduled Balance 63,917,209.76 103,580,956.98 67,408,231.94 Ending scheduled Balance 63,002,377.94 100,772,926.07 65,740,247.91 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 305,420.14 500,572.28 340,441.85 Scheduled Principal 20,238.75 39,083.16 23,342.62 Unscheduled Principal 894,593.07 2,768,947.75 1,644,641.41 Scheduled Interest 285,181.39 461,489.12 317,099.23 Servicing Fees 15,808.63 25,585.66 18,759.42 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 0.00 0.00 120.87 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 269,372.76 435,903.46 298,218.94 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 5.057281 5.050003 5.308888
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.434180 Weighted Average Net Rate 5.126890 Weighted Average Maturity 357 Beginning Loan Count 831 Loans Paid In Full 12 Ending Loan Count 819 Beginning Scheduled Balance 234,906,398.68 Ending scheduled Balance 229,515,551.92 Record Date 10/31/2004 Principal And Interest Constant 1,146,434.27 Scheduled Principal 82,664.53 Unscheduled Principal 5,308,182.23 Scheduled Interest 1,063,769.74 Servicing Fees 60,153.71 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 120.87 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,003,495.16 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 5.126272
Miscellaneous Reporting Group 1 Senior % 92.901000% Senior Prepayment % 100.000000% Subordinate % 7.099000% Group 2 Senior % 93.732824% Senior Prepayment % 100.000000% Subordinate % 6.267176% Group 3 Senior % 93.499656% Senior Prepayment % 100.000000% Subordinate % 6.500344%
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