-----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, L+pu2Tw1ilRaxt2u+HT5n0BqmTZqBjU1dI8rbSgffz3jBNSjcUdDGv3MzqNVqaMf htuGehs5MIrzjG6nXEEnkg== 0001056404-05-000179.txt : 20050104 0001056404-05-000179.hdr.sgml : 20050104 20050104135016 ACCESSION NUMBER: 0001056404-05-000179 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: 20050104 DATE AS OF CHANGE: 20050104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Mortgage Backed Securities Series 2004-W Trust CENTRAL INDEX KEY: 0001305855 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: 333-116509-13 FILM NUMBER: 05505751 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 BUSINESS PHONE: 3018468881 MAIL ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERIDK STATE: MD ZIP: 21703 8-K 1 wfm0400w_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 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-W Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-116509-13 Pooling and Servicing Agreement) (Commission 54-2162663 (State or other File Number) 54-2162664 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2004 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2004-W 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-W 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. WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2004-W 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: 12/27/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-W Trust, relating to the December 27, 2004 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Series 2004-W 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 94980QAA7 SEN 4.63449% 193,743,244.39 748,228.53 5,965,648.68 A-2 94980QAB5 SEN 4.63449% 34,823,524.18 134,487.03 4,935,630.87 A-3 94980QAC3 SEN 4.40000% 106,562,595.76 390,718.27 15,103,400.64 A-IO 94980QAL3 SEN 0.23448% 0.00 20,822.14 0.00 A-4 94980QAD1 SEN 4.63449% 78,971,000.00 304,982.79 0.00 A-5 94980QAE9 SEN 4.63449% 112,153,000.00 433,130.33 0.00 A-6 94980QAF6 SEN 4.63449% 83,948,000.00 324,203.76 0.00 A-7 94980QAG4 SEN 4.63449% 56,570,000.00 218,471.04 0.00 A-8 94980QAH2 SEN 4.63449% 30,000,000.00 115,858.78 0.00 A-9 94980QAJ8 SEN 4.63449% 142,962,000.00 552,113.43 0.00 A-10 94980QAK5 SEN 4.63449% 4,807,000.00 18,564.44 0.00 A-R 94980QAM1 SEN 4.62920% 0.00 0.00 0.00 A-LR 94980QAN9 SEN 4.62920% 0.00 0.00 0.00 B-1 94980QAP4 SUB 4.63449% 14,849,384.14 57,347.72 3,602.85 B-2 94980QAQ2 SUB 4.63449% 5,399,685.17 20,853.36 1,310.10 B-3 94980QAR0 SUB 4.63449% 3,149,233.16 12,162.21 764.09 B-4 94980QAS8 SUB 4.63449% 1,800,561.56 6,953.70 436.86 B-5 94980QAT6 SUB 4.63449% 1,349,671.35 5,212.38 327.47 B-6 94980QAU3 SUB 4.63449% 1,800,239.78 6,952.45 436.79 Totals 872,889,139.49 3,371,062.36 26,011,558.35
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 187,777,595.71 6,713,877.21 0.00 A-2 0.00 29,887,893.31 5,070,117.90 0.00 A-3 0.00 91,459,195.13 15,494,118.91 0.00 A-IO 0.00 0.00 20,822.14 0.00 A-4 0.00 78,971,000.00 304,982.79 0.00 A-5 0.00 112,153,000.00 433,130.33 0.00 A-6 0.00 83,948,000.00 324,203.76 0.00 A-7 0.00 56,570,000.00 218,471.04 0.00 A-8 0.00 30,000,000.00 115,858.78 0.00 A-9 0.00 142,962,000.00 552,113.43 0.00 A-10 0.00 4,807,000.00 18,564.44 0.00 A-R 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 B-1 0.00 14,845,781.29 60,950.57 0.00 B-2 0.00 5,398,375.06 22,163.46 0.00 B-3 0.00 3,148,469.07 12,926.30 0.00 B-4 0.00 1,800,124.70 7,390.56 0.00 B-5 0.00 1,349,343.89 5,539.85 0.00 B-6 0.01 1,799,802.98 7,389.24 0.01 Totals 0.01 846,877,581.14 29,382,620.71 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) A-1 200,000,000.00 193,743,244.39 47,007.18 5,918,641.50 0.00 0.00 A-2 40,000,000.00 34,823,524.18 38,891.01 4,896,739.86 0.00 0.00 A-3 122,403,000.00 106,562,595.76 119,009.40 14,984,391.23 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 A-4 78,971,000.00 78,971,000.00 0.00 0.00 0.00 0.00 A-5 112,153,000.00 112,153,000.00 0.00 0.00 0.00 0.00 A-6 83,948,000.00 83,948,000.00 0.00 0.00 0.00 0.00 A-7 56,570,000.00 56,570,000.00 0.00 0.00 0.00 0.00 A-8 30,000,000.00 30,000,000.00 0.00 0.00 0.00 0.00 A-9 142,962,000.00 142,962,000.00 0.00 0.00 0.00 0.00 A-10 4,807,000.00 4,807,000.00 0.00 0.00 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 B-1 14,853,000.00 14,849,384.14 3,602.85 0.00 0.00 0.00 B-2 5,401,000.00 5,399,685.17 1,310.10 0.00 0.00 0.00 B-3 3,150,000.00 3,149,233.16 764.09 0.00 0.00 0.00 B-4 1,801,000.00 1,800,561.56 436.86 0.00 0.00 0.00 B-5 1,350,000.00 1,349,671.35 327.47 0.00 0.00 0.00 B-6 1,800,678.14 1,800,239.78 436.79 0.00 0.00 0.01 Totals 900,169,778.14 872,889,139.49 211,785.75 25,799,772.59 0.00 0.01 (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 5,965,648.68 187,777,595.71 0.93888798 5,965,648.68 A-2 4,935,630.87 29,887,893.31 0.74719733 4,935,630.87 A-3 15,103,400.64 91,459,195.13 0.74719733 15,103,400.64 A-IO 0.00 0.00 0.00000000 0.00 A-4 0.00 78,971,000.00 1.00000000 0.00 A-5 0.00 112,153,000.00 1.00000000 0.00 A-6 0.00 83,948,000.00 1.00000000 0.00 A-7 0.00 56,570,000.00 1.00000000 0.00 A-8 0.00 30,000,000.00 1.00000000 0.00 A-9 0.00 142,962,000.00 1.00000000 0.00 A-10 0.00 4,807,000.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 A-LR 0.00 0.00 0.00000000 0.00 B-1 3,602.85 14,845,781.29 0.99951399 3,602.85 B-2 1,310.10 5,398,375.06 0.99951399 1,310.10 B-3 764.09 3,148,469.07 0.99951399 764.09 B-4 436.86 1,800,124.70 0.99951399 436.86 B-5 327.47 1,349,343.89 0.99951399 327.47 B-6 436.80 1,799,802.98 0.99951398 436.79 Totals 26,011,558.36 846,877,581.14 0.94079762 26,011,558.35
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 200,000,000.00 968.71622195 0.23503590 29.59320750 0.00000000 A-2 40,000,000.00 870.58810450 0.97227525 122.41849650 0.00000000 A-3 122,403,000.00 870.58810454 0.97227519 122.41849652 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-4 78,971,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-5 112,153,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-6 83,948,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-7 56,570,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-8 30,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-9 142,962,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-10 4,807,000.00 1000.00000000 0.00000000 0.00000000 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 B-1 14,853,000.00 999.75655692 0.24256716 0.00000000 0.00000000 B-2 5,401,000.00 999.75655804 0.24256619 0.00000000 0.00000000 B-3 3,150,000.00 999.75655873 0.24256825 0.00000000 0.00000000 B-4 1,801,000.00 999.75655747 0.24256524 0.00000000 0.00000000 B-5 1,350,000.00 999.75655556 0.24257037 0.00000000 0.00000000 B-6 1,800,678.14 999.75655838 0.24256972 0.00000000 0.00000000 (2) 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 29.82824340 938.88797855 0.93888798 29.82824340 A-2 0.00000000 123.39077175 747.19733275 0.74719733 123.39077175 A-3 0.00000000 123.39077179 747.19733283 0.74719733 123.39077179 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.24256716 999.51398977 0.99951399 0.24256716 B-2 0.00000000 0.24256619 999.51399000 0.99951399 0.24256619 B-3 0.00000000 0.24256825 999.51399048 0.99951399 0.24256825 B-4 0.00000000 0.24256524 999.51399223 0.99951399 0.24256524 B-5 0.00000000 0.24257037 999.51399259 0.99951399 0.24257037 B-6 0.00000555 0.24257528 999.51398310 0.99951398 0.24256972 (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-1 200,000,000.00 4.63449% 193,743,244.39 748,250.07 0.00 0.00 A-2 40,000,000.00 4.63449% 34,823,524.18 134,490.91 0.00 0.00 A-3 122,403,000.00 4.40000% 106,562,595.76 390,729.52 0.00 0.00 A-IO 0.00 0.23448% 106,562,595.76 20,822.74 0.00 0.00 A-4 78,971,000.00 4.63449% 78,971,000.00 304,991.57 0.00 0.00 A-5 112,153,000.00 4.63449% 112,153,000.00 433,142.79 0.00 0.00 A-6 83,948,000.00 4.63449% 83,948,000.00 324,213.10 0.00 0.00 A-7 56,570,000.00 4.63449% 56,570,000.00 218,477.33 0.00 0.00 A-8 30,000,000.00 4.63449% 30,000,000.00 115,862.12 0.00 0.00 A-9 142,962,000.00 4.63449% 142,962,000.00 552,129.32 0.00 0.00 A-10 4,807,000.00 4.63449% 4,807,000.00 18,564.97 0.00 0.00 A-R 50.00 4.62920% 0.00 0.00 0.00 0.00 A-LR 50.00 4.62920% 0.00 0.00 0.00 0.00 B-1 14,853,000.00 4.63449% 14,849,384.14 57,349.37 0.00 0.00 B-2 5,401,000.00 4.63449% 5,399,685.17 20,853.96 0.00 0.00 B-3 3,150,000.00 4.63449% 3,149,233.16 12,162.56 0.00 0.00 B-4 1,801,000.00 4.63449% 1,800,561.56 6,953.90 0.00 0.00 B-5 1,350,000.00 4.63449% 1,349,671.35 5,212.53 0.00 0.00 B-6 1,800,678.14 4.63449% 1,800,239.78 6,952.65 0.00 0.00 Totals 900,169,778.14 3,371,159.41 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 21.54 0.00 748,228.53 0.00 187,777,595.71 A-2 3.87 0.00 134,487.03 0.00 29,887,893.31 A-3 11.25 0.00 390,718.27 0.00 91,459,195.13 A-IO 0.60 0.00 20,822.14 0.00 91,459,195.13 A-4 8.78 0.00 304,982.79 0.00 78,971,000.00 A-5 12.47 0.00 433,130.33 0.00 112,153,000.00 A-6 9.33 0.00 324,203.76 0.00 83,948,000.00 A-7 6.29 0.00 218,471.04 0.00 56,570,000.00 A-8 3.33 0.00 115,858.78 0.00 30,000,000.00 A-9 15.89 0.00 552,113.43 0.00 142,962,000.00 A-10 0.53 0.00 18,564.44 0.00 4,807,000.00 A-R 0.00 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 0.00 B-1 1.65 0.00 57,347.72 0.00 14,845,781.29 B-2 0.60 0.00 20,853.36 0.00 5,398,375.06 B-3 0.35 0.00 12,162.21 0.00 3,148,469.07 B-4 0.20 0.00 6,953.70 0.00 1,800,124.70 B-5 0.15 0.00 5,212.38 0.00 1,349,343.89 B-6 0.20 0.00 6,952.45 0.00 1,799,802.98 Totals 97.03 0.00 3,371,062.36 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-1 200,000,000.00 4.63449% 968.71622195 3.74125035 0.00000000 0.00000000 A-2 40,000,000.00 4.63449% 870.58810450 3.36227275 0.00000000 0.00000000 A-3 122,403,000.00 4.40000% 870.58810454 3.19215640 0.00000000 0.00000000 A-IO 0.00 0.23448% 870.58810454 0.17011626 0.00000000 0.00000000 A-4 78,971,000.00 4.63449% 1000.00000000 3.86207051 0.00000000 0.00000000 A-5 112,153,000.00 4.63449% 1000.00000000 3.86207048 0.00000000 0.00000000 A-6 83,948,000.00 4.63449% 1000.00000000 3.86207057 0.00000000 0.00000000 A-7 56,570,000.00 4.63449% 1000.00000000 3.86207053 0.00000000 0.00000000 A-8 30,000,000.00 4.63449% 1000.00000000 3.86207067 0.00000000 0.00000000 A-9 142,962,000.00 4.63449% 1000.00000000 3.86207048 0.00000000 0.00000000 A-10 4,807,000.00 4.63449% 1000.00000000 3.86206990 0.00000000 0.00000000 A-R 50.00 4.62920% 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 50.00 4.62920% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,853,000.00 4.63449% 999.75655692 3.86113041 0.00000000 0.00000000 B-2 5,401,000.00 4.63449% 999.75655804 3.86112942 0.00000000 0.00000000 B-3 3,150,000.00 4.63449% 999.75655873 3.86113016 0.00000000 0.00000000 B-4 1,801,000.00 4.63449% 999.75655747 3.86113270 0.00000000 0.00000000 B-5 1,350,000.00 4.63449% 999.75655556 3.86113333 0.00000000 0.00000000 B-6 1,800,678.14 4.63449% 999.75655838 3.86112867 0.00000000 0.00000000 (5) 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 0.00010770 0.00000000 3.74114265 0.00000000 938.88797855 A-2 0.00009675 0.00000000 3.36217575 0.00000000 747.19733275 A-3 0.00009191 0.00000000 3.19206449 0.00000000 747.19733283 A-IO 0.00000490 0.00000000 0.17011135 0.00000000 747.19733283 A-4 0.00011118 0.00000000 3.86195933 0.00000000 1000.00000000 A-5 0.00011119 0.00000000 3.86195938 0.00000000 1000.00000000 A-6 0.00011114 0.00000000 3.86195931 0.00000000 1000.00000000 A-7 0.00011119 0.00000000 3.86195934 0.00000000 1000.00000000 A-8 0.00011100 0.00000000 3.86195933 0.00000000 1000.00000000 A-9 0.00011115 0.00000000 3.86195933 0.00000000 1000.00000000 A-10 0.00011026 0.00000000 3.86195964 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00011109 0.00000000 3.86101932 0.00000000 999.51398977 B-2 0.00011109 0.00000000 3.86101833 0.00000000 999.51399000 B-3 0.00011111 0.00000000 3.86101905 0.00000000 999.51399048 B-4 0.00011105 0.00000000 3.86102165 0.00000000 999.51399223 B-5 0.00011111 0.00000000 3.86102222 0.00000000 999.51399259 B-6 0.00011107 0.00000000 3.86101761 0.00000000 999.51398310 (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 103,724.84 Deposits Payments of Interest and Principal 28,848,061.95 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 743,793.36 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 29,591,855.31 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 177,069.92 Payment of Interest and Principal 29,382,620.71 Total Withdrawals (Pool Distribution Amount) 29,559,690.63 Ending Balance 135,889.52
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 12,145.86 Servicing Fee Support 12,048.83 Non-Supported Prepayment/Curtailment Interest Shortfall 97.03
SERVICING FEES Gross Servicing Fee 181,844.95 Master Servicing Fee 7,273.80 Supported Prepayment/Curtailment Interest Shortfall 12,048.83 Net Servicing Fee 177,069.92
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 1 0 0 0 1 524,000.00 0.00 0.00 0.00 524,000.00 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 1 524,000.00 0.00 0.00 0.00 524,000.00 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 0.047125% 0.000000% 0.000000% 0.000000% 0.047125% 0.060846% 0.000000% 0.000000% 0.000000% 0.060846% 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 0.047125% 0.000000% 0.000000% 0.000000% 0.047125% 0.060846% 0.000000% 0.000000% 0.000000% 0.060846%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 76,933.31
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 28,355,678.14 3.15003667% 28,341,896.99 3.34663446% 96.653366% 100.000000% Class B-1 13,502,678.14 1.50001460% 13,496,115.70 1.59363242% 1.753002% 0.000000% Class B-2 8,101,678.14 0.90001668% 8,097,740.64 0.95618786% 0.637445% 0.000000% Class B-3 4,951,678.14 0.55008269% 4,949,271.57 0.58441405% 0.371774% 0.000000% Class B-4 3,150,678.14 0.35000932% 3,149,146.87 0.37185385% 0.212560% 0.000000% Class B-5 1,800,678.14 0.20003761% 1,799,802.98 0.21252221% 0.159332% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.212522% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description 5/1 CMT ARM Weighted Average Gross Coupon 4.894528% Weighted Average Net Coupon 4.634528% Weighted Average Pass-Through Rate 4.634528% Weighted Average Maturity(Stepdown Calculation ) 357 Beginning Scheduled Collateral Loan Count 2,172 Number Of Loans Paid In Full 50 Ending Scheduled Collateral Loan Count 2,122 Beginning Scheduled Collateral Balance 872,889,139.48 Ending Scheduled Collateral Balance 846,877,581.14 Ending Actual Collateral Balance at 30-Nov-2004 861,184,566.07 Monthly P &I Constant 3,781,154.22 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 29,266,354.63 Ending scheduled Balance For discounted Loans 846,877,581.14 Scheduled Principal 211,785.75 Unscheduled Principal 25,799,772.59 Unpaid Principal Balance Of Outstanding Mortgage Loans With Original LTV: Less Than Or Equal To 80% 831,363,385.74 Greater Than 80%, less than or equal to 85% 2,451,886.73 Greater than 85%, less than or equal to 95% 13,054,427.26 Greater than 95% 0.00
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