-----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, Lh8IOvgFuEvtuTHKAPLhL44lnirYeQzS8V5T6T2vKlk8aLOCeCEOZ00rndd1ZRpM 7fs3qLm58zyPoIufPTt6GA== 0001056404-04-004585.txt : 20041230 0001056404-04-004585.hdr.sgml : 20041230 20041230111630 ACCESSION NUMBER: 0001056404-04-004585 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 DATE AS OF CHANGE: 20041230 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MortgageIT Trust 2004-1 CENTRAL INDEX KEY: 0001305751 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: 333-115122-22 FILM NUMBER: 041232820 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 mit04001_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 MORTGAGE IT TRUST Mortgage-Backed Notes, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115122-22 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction 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 MORTGAGE IT TRUST, Mortgage-Backed Notes, Series 2004-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2004-1 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. MORTGAGE IT TRUST Mortgage-Backed Notes, Series 2004-1 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: 12/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2004-1 Trust, relating to the December 27, 2004 distribution. EX-99.1
MortgageIT Trust Mortgage-Backed Notes Record Date: 11/30/2004 Distribution Date: 12/27/2004 MortgageIT Trust Mortgage-Backed Notes Series 2004-1 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 61913PAA0 SEN 2.57000% 607,876,779.71 1,345,265.08 10,957,759.35 A-2 61913PAF9 SEN 2.63000% 67,541,973.89 152,963.81 1,217,530.79 M-1 61913PAB8 MEZ 2.73000% 35,969,704.87 84,558.78 648,400.11 M-2 61913PAC6 MEZ 2.85000% 29,974,097.18 73,561.43 540,321.58 B-1 61913PAD4 SUB 3.38000% 39,166,048.55 113,994.96 706,018.31 B-2 61913PAE2 SUB 4.33000% 15,984,977.83 59,601.77 288,149.75 Owner Trust MORTGA041OT OT 0.00000% 0.00 1,489,884.75 0.00 Totals 796,513,582.03 3,319,830.58 14,358,179.89
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 596,919,020.36 12,303,024.43 0.00 A-2 0.00 66,324,443.10 1,370,494.60 0.00 M-1 0.00 35,321,304.76 732,958.89 0.00 M-2 0.00 29,433,775.60 613,883.01 0.00 B-1 0.00 38,460,030.25 820,013.27 0.00 B-2 0.00 15,696,828.08 347,751.52 0.00 Owner Trust 0.00 0.00 1,489,884.75 0.00 Totals 0.00 782,155,402.15 17,678,010.47 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-1 616,940,000.00 607,876,779.71 0.00 10,957,759.35 0.00 0.00 A-2 68,549,000.00 67,541,973.89 0.00 1,217,530.79 0.00 0.00 M-1 36,506,000.00 35,969,704.87 0.00 648,400.11 0.00 0.00 M-2 30,421,000.00 29,974,097.18 0.00 540,321.58 0.00 0.00 B-1 39,750,000.00 39,166,048.55 0.00 706,018.31 0.00 0.00 B-2 16,223,308.00 15,984,977.83 0.00 288,149.75 0.00 0.00 Owner Trust 0.00 0.00 0.00 0.00 0.00 0.00 Totals 808,389,308.00 796,513,582.03 0.00 14,358,179.89 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 10,957,759.35 596,919,020.36 0.96754793 10,957,759.35 A-2 1,217,530.79 66,324,443.10 0.96754793 1,217,530.79 M-1 648,400.11 35,321,304.76 0.96754793 648,400.11 M-2 540,321.58 29,433,775.60 0.96754793 540,321.58 B-1 706,018.31 38,460,030.25 0.96754793 706,018.31 B-2 288,149.75 15,696,828.08 0.96754793 288,149.75 Owner Trust 0.00 0.00 0.00000000 0.00 Totals 14,358,179.89 782,155,402.15 0.96754793 14,358,179.89
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 616,940,000.00 985.30939753 0.00000000 17.76146684 0.00000000 A-2 68,549,000.00 985.30939751 0.00000000 17.76146683 0.00000000 M-1 36,506,000.00 985.30939763 0.00000000 17.76146688 0.00000000 M-2 30,421,000.00 985.30939746 0.00000000 17.76146675 0.00000000 B-1 39,750,000.00 985.30939748 0.00000000 17.76146692 0.00000000 B-2 16,223,308.00 985.30939744 0.00000000 17.76146702 0.00000000 Owner Trust 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 17.76146684 967.54793069 0.96754793 17.76146684 A-2 0.00000000 17.76146683 967.54793068 0.96754793 17.76146683 M-1 0.00000000 17.76146688 967.54793075 0.96754793 17.76146688 M-2 0.00000000 17.76146675 967.54793071 0.96754793 17.76146675 B-1 0.00000000 17.76146692 967.54793082 0.96754793 17.76146692 B-2 0.00000000 17.76146702 967.54793042 0.96754793 17.76146702 Owner Trust 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-1 616,940,000.00 2.57000% 607,876,779.71 1,345,265.08 0.00 0.00 A-2 68,549,000.00 2.63000% 67,541,973.89 152,963.81 0.00 0.00 M-1 36,506,000.00 2.73000% 35,969,704.87 84,558.78 0.00 0.00 M-2 30,421,000.00 2.85000% 29,974,097.18 73,561.43 0.00 0.00 B-1 39,750,000.00 3.38000% 39,166,048.55 113,994.96 0.00 0.00 B-2 16,223,308.00 4.33000% 15,984,977.83 59,601.77 0.00 0.00 Owner Trust 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 808,389,308.00 1,829,945.83 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 1,345,265.08 0.00 596,919,020.36 A-2 0.00 0.00 152,963.81 0.00 66,324,443.10 M-1 0.00 0.00 84,558.78 0.00 35,321,304.76 M-2 0.00 0.00 73,561.43 0.00 29,433,775.60 B-1 0.00 0.00 113,994.96 0.00 38,460,030.25 B-2 0.00 0.00 59,601.77 0.00 15,696,828.08 Owner Trust 0.00 0.00 1,489,884.75 0.00 0.00 Totals 0.00 0.00 3,319,830.58 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-1 616,940,000.00 2.57000% 985.30939753 2.18054443 0.00000000 0.00000000 A-2 68,549,000.00 2.63000% 985.30939751 2.23145210 0.00000000 0.00000000 M-1 36,506,000.00 2.73000% 985.30939763 2.31629814 0.00000000 0.00000000 M-2 30,421,000.00 2.85000% 985.30939746 2.41811347 0.00000000 0.00000000 B-1 39,750,000.00 3.38000% 985.30939748 2.86779774 0.00000000 0.00000000 B-2 16,223,308.00 4.33000% 985.30939744 3.67383582 0.00000000 0.00000000 Owner Trust 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 2.18054443 0.00000000 967.54793069 A-2 0.00000000 0.00000000 2.23145210 0.00000000 967.54793068 M-1 0.00000000 0.00000000 2.31629814 0.00000000 967.54793075 M-2 0.00000000 0.00000000 2.41811347 0.00000000 967.54793071 B-1 0.00000000 0.00000000 2.86779774 0.00000000 967.54793082 B-2 0.00000000 0.00000000 3.67383582 0.00000000 967.54793042 Owner Trust 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 17,941,433.81 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 42,064.22 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 17,983,498.03 Withdrawals Reimbursement for Servicer Advances 52,359.14 Payment of Service Fee 253,128.42 Payment of Interest and Principal 17,678,010.47 Total Withdrawals (Pool Distribution Amount) 17,983,498.03 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 249,797.78 Master Servicing Fee 3,330.64 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 253,128.42
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 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 27 0 0 0 27 8,397,985.39 0.00 0.00 0.00 8,397,985.39 60 Days 5 0 0 0 5 1,234,200.00 0.00 0.00 0.00 1,234,200.00 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 32 0 0 0 32 9,632,185.39 0.00 0.00 0.00 9,632,185.39 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 0.987925% 0.000000% 0.000000% 0.000000% 0.987925% 1.069666% 0.000000% 0.000000% 0.000000% 1.069666% 60 Days 0.182949% 0.000000% 0.000000% 0.000000% 0.182949% 0.157202% 0.000000% 0.000000% 0.000000% 0.157202% 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 1.170874% 0.000000% 0.000000% 0.000000% 1.170874% 1.226868% 0.000000% 0.000000% 0.000000% 1.226868%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 42,064.22
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.363777% Weighted Average Net Coupon 4.988777% Weighted Average Pass-Through Rate 4.983777% Weighted Average Maturity(Stepdown Calculation ) 357 Beginning Scheduled Collateral Loan Count 2,769 Number Of Loans Paid In Full 36 Ending Scheduled Collateral Loan Count 2,733 Beginning Scheduled Collateral Balance 799,352,882.16 Ending Scheduled Collateral Balance 784,994,702.28 Ending Actual Collateral Balance at 30-Nov-2004 785,103,517.37 Monthly P &I Constant 3,766,223.31 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 193,264.78 Unscheduled Principal 14,164,915.10 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,839,300.13 Overcollateralized Amount 2,839,300.13 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,489,884.75
Miscellaneous Reporting BSB 3 -Year Hybrid Mortgage Loans 339,632,036.79 ESB 3 -Year Hybrid Mortgage Loans 333,349,800.19 BSB 5 -Year Hybrid Mortgage Loans 434,916,218.31 ESB 5 -Year Hybrid Mortgage Loans 428,002,103.38 Average Loss Severity Percentage 0.000000% Yield Maintenance Amount 0.00
-----END PRIVACY-ENHANCED MESSAGE-----