-----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, W1bjwdNcgF9sKgoJb8d3iruMvrD6EyRC7OKkIl1EZ3KtGVj5VAhK2N7EKaac4x0e O3MoGtAWEbQMnuucKKnBgw== 0001056404-04-004142.txt : 20041202 0001056404-04-004142.hdr.sgml : 20041202 20041202113751 ACCESSION NUMBER: 0001056404-04-004142 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: Asset-Backed Funding Corp. ABFC Asset Backed Certificates, Series 2004-OPT5 CENTRAL INDEX KEY: 0001306021 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: 333-108551-11 FILM NUMBER: 041179480 BUSINESS ADDRESS: STREET 1: 100 NORTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 7043862400 MAIL ADDRESS: STREET 1: 100 NORTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 abf04op5_nov.txt NOVEMBER 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): November 26, 2004 ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2004-OP5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108551-11 Pooling and Servicing Agreement) (Commission pending (State or other File Number) IRS EIN 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 November 26, 2004 a distribution was made to holders of ASSET BACKED FUNDING CORPORATION, Asset Backed Certificates, Series 2004-OP5 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-OP5 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. ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2004-OP5 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: 11/28/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-OP5 Trust, relating to the November 26, 2004 distribution. EX-99.1
Asset Backed Funding Corporation Mortgage Pass-Through Certificates Record Date: 10/31/04 Distribution Date: 11/26/04 ABFC Series: 2004-OP5 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 04542BJY9 SEN 2.21750% 931,393,000.00 2,466,962.53 19,472,795.55 A-2 04542BJZ6 SEN 2.05750% 145,382,000.00 357,286.36 7,492,194.60 A-3 04542BKA9 SEN 2.23750% 69,307,000.00 185,227.77 0.00 A-4 04542BKB7 SEN 2.49250% 66,024,000.00 196,563.53 0.00 M-1 04542BKC5 SUB 2.61750% 53,871,000.00 168,425.44 0.00 M-2 04542BKD3 SUB 3.31750% 37,036,000.00 146,757.72 0.00 M-3 04542BKE1 SUB 3.51750% 10,101,000.00 42,438.93 0.00 M-4 04542BKF8 SUB 4.01750% 10,100,000.00 48,466.67 0.00 M-5 04542BKG6 SUB 4.86750% 8,081,000.00 46,982.60 0.00 M-6 04542BKH4 SUB 5.36750% 4,714,000.00 30,222.31 0.00 M-7 04542BKJ0 SUB 5.36750% 4,040,000.00 25,901.17 0.00 CE ABF4OP5CE SUB 0.00000% 6,736,191.19 3,068,106.14 0.00 P ABF04OP5P SEN 0.00000% 0.01 444,452.80 0.01 R ABF04OP5R SUB 0.00000% 0.00 0.00 0.00 R1 ABFC4OP5R1 SUB 0.00000% 0.00 0.00 0.00 R2 ABFC4OP5R2 SUB 0.00000% 0.00 0.00 0.00 Totals 1,346,785,191.20 7,227,793.97 26,964,990.16
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 911,920,204.45 21,939,758.08 0.00 A-2 0.00 137,889,805.40 7,849,480.96 0.00 A-3 0.00 69,307,000.00 185,227.77 0.00 A-4 0.00 66,024,000.00 196,563.53 0.00 M-1 0.00 53,871,000.00 168,425.44 0.00 M-2 0.00 37,036,000.00 146,757.72 0.00 M-3 0.00 10,101,000.00 42,438.93 0.00 M-4 0.00 10,100,000.00 48,466.67 0.00 M-5 0.00 8,081,000.00 46,982.60 0.00 M-6 0.00 4,714,000.00 30,222.31 0.00 M-7 0.00 4,040,000.00 25,901.17 0.00 CE 0.00 6,733,925.97 3,068,106.14 0.00 P 0.00 0.00 444,452.81 0.00 R 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 1,319,817,935.82 34,192,784.13 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-1 931,393,000.00 931,393,000.00 0.00 19,472,795.55 0.00 0.00 A-2 145,382,000.00 145,382,000.00 0.00 7,492,194.60 0.00 0.00 A-3 69,307,000.00 69,307,000.00 0.00 0.00 0.00 0.00 A-4 66,024,000.00 66,024,000.00 0.00 0.00 0.00 0.00 M-1 53,871,000.00 53,871,000.00 0.00 0.00 0.00 0.00 M-2 37,036,000.00 37,036,000.00 0.00 0.00 0.00 0.00 M-3 10,101,000.00 10,101,000.00 0.00 0.00 0.00 0.00 M-4 10,100,000.00 10,100,000.00 0.00 0.00 0.00 0.00 M-5 8,081,000.00 8,081,000.00 0.00 0.00 0.00 0.00 M-6 4,714,000.00 4,714,000.00 0.00 0.00 0.00 0.00 M-7 4,040,000.00 4,040,000.00 0.00 0.00 0.00 0.00 CE 6,736,191.19 6,736,191.19 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.01 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,346,785,191.20 1,346,785,191.20 0.00 26,964,990.16 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 19,472,795.55 911,920,204.45 0.97909283 19,472,795.55 A-2 7,492,194.60 137,889,805.40 0.94846546 7,492,194.60 A-3 0.00 69,307,000.00 1.00000000 0.00 A-4 0.00 66,024,000.00 1.00000000 0.00 M-1 0.00 53,871,000.00 1.00000000 0.00 M-2 0.00 37,036,000.00 1.00000000 0.00 M-3 0.00 10,101,000.00 1.00000000 0.00 M-4 0.00 10,100,000.00 1.00000000 0.00 M-5 0.00 8,081,000.00 1.00000000 0.00 M-6 0.00 4,714,000.00 1.00000000 0.00 M-7 0.00 4,040,000.00 1.00000000 0.00 CE 0.00 6,733,925.97 0.99966372 0.00 P 0.01 0.00 0.00000000 0.01 R 0.00 0.00 0.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 Totals 26,964,990.16 1,319,817,935.82 0.97997657 26,964,990.16
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 931,393,000.00 1000.00000000 0.00000000 20.90717404 0.00000000 A-2 145,382,000.00 1000.00000000 0.00000000 51.53454073 0.00000000 A-3 69,307,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 66,024,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 53,871,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 37,036,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 10,101,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 10,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 8,081,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 4,714,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 4,040,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 6,736,191.19 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.01 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 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 20.90717404 979.09282596 0.97909283 20.90717404 A-2 0.00000000 51.53454073 948.46545927 0.94846546 51.53454073 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 CE 0.00000000 0.00000000 999.66372392 0.99966372 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 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-1 931,393,000.00 2.21750% 931,393,000.00 2,466,962.53 0.00 0.00 A-2 145,382,000.00 2.05750% 145,382,000.00 357,286.36 0.00 0.00 A-3 69,307,000.00 2.23750% 69,307,000.00 185,227.77 0.00 0.00 A-4 66,024,000.00 2.49250% 66,024,000.00 196,563.53 0.00 0.00 M-1 53,871,000.00 2.61750% 53,871,000.00 168,425.44 0.00 0.00 M-2 37,036,000.00 3.31750% 37,036,000.00 146,757.72 0.00 0.00 M-3 10,101,000.00 3.51750% 10,101,000.00 42,438.93 0.00 0.00 M-4 10,100,000.00 4.01750% 10,100,000.00 48,466.67 0.00 0.00 M-5 8,081,000.00 4.86750% 8,081,000.00 46,982.60 0.00 0.00 M-6 4,714,000.00 5.36750% 4,714,000.00 30,222.31 0.00 0.00 M-7 4,040,000.00 5.36750% 4,040,000.00 25,901.17 0.00 0.00 CE 6,736,191.19 0.00000% 6,736,191.19 0.00 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 1,346,785,191.19 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,346,785,191.20 3,715,235.03 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 2,466,962.53 0.00 911,920,204.45 A-2 0.00 0.00 357,286.36 0.00 137,889,805.40 A-3 0.00 0.00 185,227.77 0.00 69,307,000.00 A-4 0.00 0.00 196,563.53 0.00 66,024,000.00 M-1 0.00 0.00 168,425.44 0.00 53,871,000.00 M-2 0.00 0.00 146,757.72 0.00 37,036,000.00 M-3 0.00 0.00 42,438.93 0.00 10,101,000.00 M-4 0.00 0.00 48,466.67 0.00 10,100,000.00 M-5 0.00 0.00 46,982.60 0.00 8,081,000.00 M-6 0.00 0.00 30,222.31 0.00 4,714,000.00 M-7 0.00 0.00 25,901.17 0.00 4,040,000.00 CE 0.00 0.00 3,068,106.14 0.00 6,733,925.97 P 0.00 0.00 444,452.80 0.00 0.00 R 0.00 0.00 0.00 0.00 1,319,817,935.82 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 7,227,793.97 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-1 931,393,000.00 2.21750% 1000.00000000 2.64868056 0.00000000 0.00000000 A-2 145,382,000.00 2.05750% 1000.00000000 2.45756944 0.00000000 0.00000000 A-3 69,307,000.00 2.23750% 1000.00000000 2.67256944 0.00000000 0.00000000 A-4 66,024,000.00 2.49250% 1000.00000000 2.97715270 0.00000000 0.00000000 M-1 53,871,000.00 2.61750% 1000.00000000 3.12645839 0.00000000 0.00000000 M-2 37,036,000.00 3.31750% 1000.00000000 3.96256939 0.00000000 0.00000000 M-3 10,101,000.00 3.51750% 1000.00000000 4.20145827 0.00000000 0.00000000 M-4 10,100,000.00 4.01750% 1000.00000000 4.79868020 0.00000000 0.00000000 M-5 8,081,000.00 4.86750% 1000.00000000 5.81395867 0.00000000 0.00000000 M-6 4,714,000.00 5.36750% 1000.00000000 6.41118159 0.00000000 0.00000000 M-7 4,040,000.00 5.36750% 1000.00000000 6.41118069 0.00000000 0.00000000 CE 6,736,191.19 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 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 2.64868056 0.00000000 979.09282596 A-2 0.00000000 0.00000000 2.45756944 0.00000000 948.46545927 A-3 0.00000000 0.00000000 2.67256944 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 2.97715270 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 3.12645839 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.96256939 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 4.20145827 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.79868020 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 5.81395867 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 6.41118159 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 6.41118069 0.00000000 1000.00000000 CE 0.00000000 0.00000000 455.46601239 0.00000000 999.66372392 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 979.97657270 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 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 34,808,684.63 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 444,452.80 Total Deposits 35,253,137.43 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,060,353.30 Payment of Interest and Principal 34,192,784.13 Total Withdrawals (Pool Distribution Amount) 35,253,137.43 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 336,696.30 Credit Risk Manager Fee 16,834.81 PMI Premium 697,282.46 Trustee Fee 9,539.73 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,060,353.30
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 1 387,229.25 0.00 0.00 0.00 387,229.25 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 1 387,229.25 0.00 0.00 0.00 387,229.25 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 0.013141% 0.000000% 0.000000% 0.000000% 0.013141% 0.029334% 0.000000% 0.000000% 0.000000% 0.029334% 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 0.013141% 0.000000% 0.000000% 0.000000% 0.013141% 0.029334% 0.000000% 0.000000% 0.000000% 0.029334%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2,486.92
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.986797% Weighted Average Net Coupon 6.686797% Weighted Average Pass-Through Rate 6.042011% Weighted Average Maturity(Stepdown Calculation ) 359 Beginning Scheduled Collateral Loan Count 7,742 Number Of Loans Paid In Full 132 Ending Scheduled Collateral Loan Count 7,610 Beginning Scheduled Collateral Balance 1,346,785,191.20 Ending Scheduled Collateral Balance 1,319,817,935.82 Ending Actual Collateral Balance at 31-Oct-2004 1,320,086,293.59 Monthly P &I Constant 8,964,004.41 Special Servicing Fee 0.00 Prepayment Penalties 444,452.80 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,122,575.45 Unscheduled Principal 25,844,679.92 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 2,265.22 Specified O/C Amount 6,733,925.96 Overcollateralized Amount 6,736,191.18 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 3,086,447.84
Miscellaneous Reporting Available Funds 33,748,331.33
Group Level Collateral Statement Group 1 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.992502 6.967867 6.986797 Weighted Average Net Rate 6.692502 6.667867 6.686797 Weighted Average Maturity 351 351 359 Beginning Loan Count 6,585 1,157 7,742 Loans Paid In Full 105 27 132 Ending Loan Count 6,480 1,130 7,610 Beginning Scheduled Balance 1,034,881,545.45 311,903,645.74 1,346,785,191.19 Ending scheduled Balance 1,015,407,114.07 304,410,821.75 1,319,817,935.82 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 6,907,880.32 2,056,124.09 8,964,004.41 Scheduled Principal 877,537.42 245,038.03 1,122,575.45 Unscheduled Principal 18,596,893.96 7,247,785.96 25,844,679.92 Scheduled Interest 6,030,342.90 1,811,086.06 7,841,428.96 Servicing Fees 258,720.39 77,975.91 336,696.30 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 7,330.41 2,209.32 9,539.73 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 564,371.34 149,745.93 714,117.27 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 5,199,920.76 1,581,154.90 6,781,075.66 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 6.029584 6.083244 6.042011
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