-----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, OYKNCxXdCWlCgAL2vXTrOXEsdB8TMB9Q6K2EIyC/fzSCQXm0V0q620mk5w0wlaUA bf2pTL0Y9ph9E7F7waErmg== 0001056404-04-004128.txt : 20041202 0001056404-04-004128.hdr.sgml : 20041202 20041202110014 ACCESSION NUMBER: 0001056404-04-004128 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 DATE AS OF CHANGE: 20041202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-MHQ1 CENTRAL INDEX KEY: 0001305818 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: 333-118640-03 FILM NUMBER: 041179288 BUSINESS ADDRESS: STREET 1: 1100 TOWN & COUNTRY ROAD STREET 2: SUITE 1100 CITY: ORANGE STATE: CA ZIP: 92868 BUSINESS PHONE: 714-541-9960 X2340 MAIL ADDRESS: STREET 1: 1100 TOWN & COUNTRY ROAD STREET 2: SUITE 1100 CITY: ORANGE STATE: CA ZIP: 92868 8-K 1 pps04mh1_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 PARK PLACE SECURITIES, INC. Asset Backed Pass-Through Certificates, Series 2004-MHQ1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-118640-03 54-2162640 Pooling and Servicing Agreement) (Commission 54-2162641 (State or other File Number) 54-2162642 jurisdiction 54-2162643 of Incorporation) 54-2162644 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 November 26, 2004 a distribution was made to holders of PARK PLACE SECURITIES, INC., Asset Backed Pass-Through Certificates, Series 2004-MHQ1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-MHQ1 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. PARK PLACE SECURITIES, INC. Asset Backed Pass-Through Certificates, Series 2004-MHQ1 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: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-MHQ1 Trust, relating to the November 26, 2004 distribution. EX-99.1
Park Place Securities, Inc Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 PPS Series: 2004-MH1 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 70069FDE4 SEN 2.24000% 1,600,000,000.00 3,683,555.56 11,749,607.54 A-2 70069FCS4 SEN 2.09000% 241,000,000.00 517,681.39 3,884,327.25 A-3 70069FCT2 SEN 2.27000% 295,900,000.00 690,351.14 0.00 A-4 70069FCU9 SEN 2.49000% 61,100,000.00 156,365.08 0.00 M-1 70069FCV7 MEZ 2.61000% 110,600,000.00 296,684.50 0.00 M-2 70069FCW5 MEZ 2.66000% 99,400,000.00 271,748.56 0.00 M-3 70069FCX3 MEZ 2.76000% 56,000,000.00 158,853.33 0.00 M-4 70069FCY1 MEZ 3.11000% 49,000,000.00 156,623.06 0.00 M-5 70069FCZ8 MEZ 3.16000% 42,000,000.00 136,406.67 0.00 M-6 70069FDA2 MEZ 3.31000% 35,000,000.00 119,068.06 0.00 M-7 70069FDB0 MEZ 3.81000% 35,000,000.00 137,054.17 0.00 M-8 70069FDC8 MEZ 4.01000% 28,000,000.00 115,398.89 0.00 M-9 70069FDD6 MEZ 5.41000% 33,600,000.00 186,825.33 0.00 M-10 70069FDF1 MEZ 4.41000% 28,000,000.00 126,910.00 0.00 P PPS04WH1P SEN 0.00000% 100.00 202,958.85 0.00 CE PP04WH1CE SUB 0.00000% 85,399,900.00 6,132,568.38 0.00 R PPS04WH1R RES 0.00000% 0.00 0.00 0.00 Totals 2,800,000,000.00 13,089,052.97 15,633,934.79
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 1,588,250,392.46 15,433,163.10 0.00 A-2 0.00 237,115,672.75 4,402,008.64 0.00 A-3 0.00 295,900,000.00 690,351.14 0.00 A-4 0.00 61,100,000.00 156,365.08 0.00 M-1 0.00 110,600,000.00 296,684.50 0.00 M-2 0.00 99,400,000.00 271,748.56 0.00 M-3 0.00 56,000,000.00 158,853.33 0.00 M-4 0.00 49,000,000.00 156,623.06 0.00 M-5 0.00 42,000,000.00 136,406.67 0.00 M-6 0.00 35,000,000.00 119,068.06 0.00 M-7 0.00 35,000,000.00 137,054.17 0.00 M-8 0.00 28,000,000.00 115,398.89 0.00 M-9 0.00 33,600,000.00 186,825.33 0.00 M-10 0.00 28,000,000.00 126,910.00 0.00 P 0.00 100.00 202,958.85 0.00 CE 0.00 85,400,000.00 6,132,568.38 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 2,784,366,165.21 28,722,987.76 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 1,600,000,000.00 1,600,000,000.00 0.00 11,749,607.54 0.00 0.00 A-2 241,000,000.00 241,000,000.00 0.00 3,884,327.25 0.00 0.00 A-3 295,900,000.00 295,900,000.00 0.00 0.00 0.00 0.00 A-4 61,100,000.00 61,100,000.00 0.00 0.00 0.00 0.00 M-1 110,600,000.00 110,600,000.00 0.00 0.00 0.00 0.00 M-2 99,400,000.00 99,400,000.00 0.00 0.00 0.00 0.00 M-3 56,000,000.00 56,000,000.00 0.00 0.00 0.00 0.00 M-4 49,000,000.00 49,000,000.00 0.00 0.00 0.00 0.00 M-5 42,000,000.00 42,000,000.00 0.00 0.00 0.00 0.00 M-6 35,000,000.00 35,000,000.00 0.00 0.00 0.00 0.00 M-7 35,000,000.00 35,000,000.00 0.00 0.00 0.00 0.00 M-8 28,000,000.00 28,000,000.00 0.00 0.00 0.00 0.00 M-9 33,600,000.00 33,600,000.00 0.00 0.00 0.00 0.00 M-10 28,000,000.00 28,000,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 CE 85,399,900.00 85,399,900.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 2,800,000,000.00 2,800,000,000.00 0.00 15,633,934.79 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 11,749,607.54 1,588,250,392.46 0.99265650 11,749,607.54 A-2 3,884,327.25 237,115,672.75 0.98388246 3,884,327.25 A-3 0.00 295,900,000.00 1.00000000 0.00 A-4 0.00 61,100,000.00 1.00000000 0.00 M-1 0.00 110,600,000.00 1.00000000 0.00 M-2 0.00 99,400,000.00 1.00000000 0.00 M-3 0.00 56,000,000.00 1.00000000 0.00 M-4 0.00 49,000,000.00 1.00000000 0.00 M-5 0.00 42,000,000.00 1.00000000 0.00 M-6 0.00 35,000,000.00 1.00000000 0.00 M-7 0.00 35,000,000.00 1.00000000 0.00 M-8 0.00 28,000,000.00 1.00000000 0.00 M-9 0.00 33,600,000.00 1.00000000 0.00 M-10 0.00 28,000,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 CE 0.00 85,400,000.00 1.00000117 0.00 R 0.00 0.00 0.00000000 0.00 Totals 15,633,934.79 2,784,366,165.21 0.99441649 15,633,934.79
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 1,600,000,000.00 1000.00000000 0.00000000 7.34350471 0.00000000 A-2 241,000,000.00 1000.00000000 0.00000000 16.11754046 0.00000000 A-3 295,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 61,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 110,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 99,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 56,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 49,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 42,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 35,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 35,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 28,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 33,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 28,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 85,399,900.00 1000.00000000 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 7.34350471 992.65649529 0.99265650 7.34350471 A-2 0.00000000 16.11754046 983.88245954 0.98388246 16.11754046 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 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 1,000.00117096 1.00000117 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 1,600,000,000.00 2.24000% 1,600,000,000.00 3,683,555.56 0.00 0.00 A-2 241,000,000.00 2.09000% 241,000,000.00 517,681.39 0.00 0.00 A-3 295,900,000.00 2.27000% 295,900,000.00 690,351.14 0.00 0.00 A-4 61,100,000.00 2.49000% 61,100,000.00 156,365.08 0.00 0.00 M-1 110,600,000.00 2.61000% 110,600,000.00 296,684.50 0.00 0.00 M-2 99,400,000.00 2.66000% 99,400,000.00 271,748.56 0.00 0.00 M-3 56,000,000.00 2.76000% 56,000,000.00 158,853.33 0.00 0.00 M-4 49,000,000.00 3.11000% 49,000,000.00 156,623.06 0.00 0.00 M-5 42,000,000.00 3.16000% 42,000,000.00 136,406.67 0.00 0.00 M-6 35,000,000.00 3.31000% 35,000,000.00 119,068.06 0.00 0.00 M-7 35,000,000.00 3.81000% 35,000,000.00 137,054.17 0.00 0.00 M-8 28,000,000.00 4.01000% 28,000,000.00 115,398.89 0.00 0.00 M-9 33,600,000.00 5.41000% 33,600,000.00 186,825.33 0.00 0.00 M-10 28,000,000.00 4.41000% 28,000,000.00 126,910.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 CE 85,399,900.00 0.00000% 85,399,900.00 0.00 0.00 0.00 R 0.00 0.00000% 2,800,000,000.03 0.00 0.00 0.00 Totals 2,800,000,000.00 6,753,525.74 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 3,683,555.56 0.00 1,588,250,392.46 A-2 0.00 0.00 517,681.39 0.00 237,115,672.75 A-3 0.00 0.00 690,351.14 0.00 295,900,000.00 A-4 0.00 0.00 156,365.08 0.00 61,100,000.00 M-1 0.00 0.00 296,684.50 0.00 110,600,000.00 M-2 0.00 0.00 271,748.56 0.00 99,400,000.00 M-3 0.00 0.00 158,853.33 0.00 56,000,000.00 M-4 0.00 0.00 156,623.06 0.00 49,000,000.00 M-5 0.00 0.00 136,406.67 0.00 42,000,000.00 M-6 0.00 0.00 119,068.06 0.00 35,000,000.00 M-7 0.00 0.00 137,054.17 0.00 35,000,000.00 M-8 0.00 0.00 115,398.89 0.00 28,000,000.00 M-9 0.00 0.00 186,825.33 0.00 33,600,000.00 M-10 0.00 0.00 126,910.00 0.00 28,000,000.00 P 0.00 0.00 202,958.85 0.00 100.00 CE 0.00 0.00 6,132,568.38 0.00 85,400,000.00 R 0.00 0.00 0.00 0.00 2,784,366,166.56 Totals 0.00 0.00 13,089,052.97 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 1,600,000,000.00 2.24000% 1000.00000000 2.30222222 0.00000000 0.00000000 A-2 241,000,000.00 2.09000% 1000.00000000 2.14805556 0.00000000 0.00000000 A-3 295,900,000.00 2.27000% 1000.00000000 2.33305556 0.00000000 0.00000000 A-4 61,100,000.00 2.49000% 1000.00000000 2.55916661 0.00000000 0.00000000 M-1 110,600,000.00 2.61000% 1000.00000000 2.68250000 0.00000000 0.00000000 M-2 99,400,000.00 2.66000% 1000.00000000 2.73388893 0.00000000 0.00000000 M-3 56,000,000.00 2.76000% 1000.00000000 2.83666661 0.00000000 0.00000000 M-4 49,000,000.00 3.11000% 1000.00000000 3.19638898 0.00000000 0.00000000 M-5 42,000,000.00 3.16000% 1000.00000000 3.24777786 0.00000000 0.00000000 M-6 35,000,000.00 3.31000% 1000.00000000 3.40194457 0.00000000 0.00000000 M-7 35,000,000.00 3.81000% 1000.00000000 3.91583343 0.00000000 0.00000000 M-8 28,000,000.00 4.01000% 1000.00000000 4.12138893 0.00000000 0.00000000 M-9 33,600,000.00 5.41000% 1000.00000000 5.56027768 0.00000000 0.00000000 M-10 28,000,000.00 4.41000% 1000.00000000 4.53250000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 CE 85,399,900.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 999.99998416 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 2.30222222 0.00000000 992.65649529 A-2 0.00000000 0.00000000 2.14805556 0.00000000 983.88245954 A-3 0.00000000 0.00000000 2.33305556 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 2.55916661 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.68250000 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.73388893 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.83666661 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.19638898 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.24777786 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.40194457 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 3.91583343 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 4.12138893 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 5.56027768 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 4.53250000 0.00000000 1000.00000000 P 0.00000000 0.00000000 2029588.50000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 71.81001828 0.00000000 1000.00117096 R 0.00000000 0.00000000 0.00000000 0.00000000 994.41647230 (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 29,505,285.22 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 202,958.85 Total Deposits 29,708,244.07 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 985,256.31 Payment of Interest and Principal 28,722,987.76 Total Withdrawals (Pool Distribution Amount) 29,708,244.07 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 916,666.73 AGC Premium 65,777.78 Custodian Fee 2,811.80 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 985,256.31
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Reserve Fund 0.00 32,184.66 32,184.66 0.00 Reserve Fund 0.00 202,958.85 202,958.85 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 10 0 0 0 10 1,140,844.01 0.00 0.00 0.00 1,140,844.01 60 Days 2 0 0 0 2 269,849.28 0.00 0.00 0.00 269,849.28 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 12 0 0 0 12 1,410,693.29 0.00 0.00 0.00 1,410,693.29 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 0.071510% 0.000000% 0.000000% 0.000000% 0.071510% 0.052205% 0.000000% 0.000000% 0.000000% 0.052205% 60 Days 0.014302% 0.000000% 0.000000% 0.000000% 0.014302% 0.012348% 0.000000% 0.000000% 0.000000% 0.012348% 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 0.085812% 0.000000% 0.000000% 0.000000% 0.085812% 0.064553% 0.000000% 0.000000% 0.000000% 0.064553%
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 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 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 7 0 0 0 7 988,794.73 0.00 0.00 0.00 988,794.73 60 Days 2 0 0 0 2 269,849.28 0.00 0.00 0.00 269,849.28 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 0 0 0 9 1,258,644.01 0.00 0.00 0.00 1,258,644.01 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.083492% 0.000000% 0.000000% 0.000000% 0.083492% 0.077768% 0.000000% 0.000000% 0.000000% 0.077768% 60 Days 0.023855% 0.000000% 0.000000% 0.000000% 0.023855% 0.021223% 0.000000% 0.000000% 0.000000% 0.021223% 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 0.107347% 0.000000% 0.000000% 0.000000% 0.107347% 0.098991% 0.000000% 0.000000% 0.000000% 0.098991% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 2 0 0 0 2 101,649.28 0.00 0.00 0.00 101,649.28 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 2 0 0 0 2 101,649.28 0.00 0.00 0.00 101,649.28 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.117647% 0.000000% 0.000000% 0.000000% 0.117647% 0.052241% 0.000000% 0.000000% 0.000000% 0.052241% 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 0.117647% 0.000000% 0.000000% 0.000000% 0.117647% 0.052241% 0.000000% 0.000000% 0.000000% 0.052241% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 50,400.00 0.00 0.00 0.00 50,400.00 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 1 0 0 0 1 50,400.00 0.00 0.00 0.00 50,400.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.056689% 0.000000% 0.000000% 0.000000% 0.056689% 0.012503% 0.000000% 0.000000% 0.000000% 0.012503% 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 0.056689% 0.000000% 0.000000% 0.000000% 0.056689% 0.012503% 0.000000% 0.000000% 0.000000% 0.012503%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 9,836.05 Class R 602,000,000.00 21.49999966% 602,000,100.00 27.55948386% 0.000000% 0.000000% Class M-1 491,400,000.00 17.54999972% 491,400,100.00 22.49623069% 5.063253% 0.000000% Class M-2 392,000,000.00 13.99999978% 392,000,100.00 17.94571202% 4.550519% 0.000000% Class M-3 336,000,000.00 11.99999981% 336,000,100.00 15.38203953% 2.563672% 0.000000% Class M-4 287,000,000.00 10.24999984% 287,000,100.00 13.13882610% 2.243213% 0.000000% Class P 85,399,900.00 3.04999638% 85,400,000.00 3.90960055% 0.000005% 0.000000% Class CE 0.00 0.00000000% 0.00 0.00000000% 3.909601% 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 7.566851% Weighted Average Net Coupon 7.173994% Weighted Average Pass-Through Rate 7.066851% Weighted Average Maturity(Stepdown Calculation ) 355 Beginning Scheduled Collateral Loan Count 0 Number Of Loans Paid In Full 75 Ending Scheduled Collateral Loan Count 13,984 Beginning Scheduled Collateral Balance 2,800,000,044.37 Ending Scheduled Collateral Balance 2,184,366,380.17 Ending Actual Collateral Balance at 31-Oct-2004 2,185,311,798.62 Monthly P &I Constant 15,661,459.39 Special Servicing Fee 0.00 Prepayment Penalties 202,958.85 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 2,184,366,380.17 Scheduled Principal 1,788,897.02 Unscheduled Principal 13,844,936.51
Group 1 Prefunding Account Beginning Balanc 436,012,283.34 Group 1 Prefunding Account Subsequent Trans 0.00 Group 1 Prefunding Account Ending Balance 436,012,283.34 Group 2 Prefunding Account Beginning Balanc 163,987,503.29 Group 2 Prefunding Account Subsequent Trans 0.00 Group 2 Prefunding Account Ending Balance 163,987,503.29 Other Income (1,111.21)
Miscellaneous Reporting Excess Cash 6,132,668.38 Overcollateralization Deficiency Amt 100.00 Extra Principal 100.00 Overcollateralization Release Amt 0.00 Overcollateralization Amt 85,400,000.00 Specified Overcollateralization Amt 85,400,000.00 Stepdown NO Trigger Event NO
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.101860 7.678376 7.900680 Weighted Average Net Rate 6.601860 7.178376 7.400680 Weighted Average Maturity 355 355 354 Beginning Loan Count 2,145 8,432 1,707 Loans Paid In Full 9 48 7 Ending Loan Count 2,136 8,384 1,700 Beginning Scheduled Balance 318,062,633.97 1,280,649,229.06 195,258,775.09 Ending scheduled Balance 316,025,620.23 1,270,936,711.40 194,503,716.16 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 2,194,613.55 9,174,406.13 1,461,394.78 Scheduled Principal 312,249.85 979,984.36 175,830.57 Unscheduled Principal 1,724,763.89 8,732,533.34 579,228.36 Scheduled Interest 1,882,363.70 8,194,421.77 1,285,564.21 Servicing Fees 132,526.10 533,603.84 81,357.83 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 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 1,749,837.60 7,660,817.93 1,204,206.38 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 6.601860 7.178376 7.400680
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.418807 7.566851 Weighted Average Net Rate 6.918808 7.173994 Weighted Average Maturity 354 355 Beginning Loan Count 1,775 14,059 Loans Paid In Full 11 75 Ending Loan Count 1,764 13,984 Beginning Scheduled Balance 406,029,575.54 2,200,000,213.66 Ending scheduled Balance 402,900,332.38 2,184,366,380.17 Record Date 10/31/2004 10/31/2004 Principal And Interest Constant 2,831,044.93 15,661,459.39 Scheduled Principal 320,832.24 1,788,897.02 Unscheduled Principal 2,808,410.92 13,844,936.51 Scheduled Interest 2,510,212.69 13,872,562.37 Servicing Fees 169,178.96 916,666.73 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 0.00 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 2,341,033.73 12,955,895.64 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 6.918807 7.066851
-----END PRIVACY-ENHANCED MESSAGE-----