-----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, DRKDNENpdPgVlhlBNlDe7nzKIz4wx1m3WowBUW4+PK2LH/dhg8XupYhgwVT8T+MI CEWHa3+JNMvYthXyuImqIw== 0001056404-04-004165.txt : 20041202 0001056404-04-004165.hdr.sgml : 20041202 20041202133838 ACCESSION NUMBER: 0001056404-04-004165 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: MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2004-0PT2 CENTRAL INDEX KEY: 0001306082 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: 333-106982-46 FILM NUMBER: 041179912 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 mab04op2_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 MASTR ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-OP2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-46 Pooling and Servicing Agreement) (Commission 54-2162598 (State or other File Number) 54-2162599 jurisdiction 54-2162600 of Incorporation) 54-2162601 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 MASTR ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2004-OP2 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-OP2 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 ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-OP2 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: 11/30/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-OP2 Trust, relating to the November 26, 2004 distribution. EX-99.1
MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates Record Date: 10/31/04 Distribution Date: 11/26/04 MABS Series: 2004-OP2 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 57643LFG6 SEN 2.24000% 674,700,000.00 1,595,290.67 21,478,477.29 A-2 57643LEV4 SEN 2.24000% 194,194,000.00 459,160.92 8,433,718.46 M-1 57643LEW2 MEZ 2.49000% 25,332,000.00 66,580.94 0.00 M-2 57643LEX0 MEZ 2.54000% 22,799,000.00 61,126.65 0.00 M-3 57643LEY8 MEZ 2.59000% 12,666,000.00 34,627.44 0.00 M-4 57643LEZ5 MEZ 2.89000% 13,173,000.00 40,184.97 0.00 M-5 57643LFA9 MEZ 2.99000% 9,120,000.00 28,783.73 0.00 M-6 57643LFB7 MEZ 3.19000% 7,600,000.00 25,590.89 0.00 M-7 57643LFC5 MEZ 3.34000% 7,600,000.00 26,794.22 0.00 M-8 57643LFD3 MEZ 3.79000% 12,666,000.00 50,671.04 0.00 M-9 57643LFE1 MEZ 4.49000% 15,199,000.00 72,034.82 0.00 M-10 57643LFF8 MEZ 5.39000% 8,106,000.00 46,118.64 0.00 P MABS04O2P Prepay 0.00000% 100.00 520,589.53 0.00 CE MAS04O2CE SUB 0.00000% 10,132,485.61 2,525,104.38 0.00 R MABS04O2R RES 0.00000% 0.00 0.00 0.00 RX MAS04O2RX RES 0.00000% 0.00 0.00 0.00 Totals 1,013,287,585.61 5,552,658.84 29,912,195.75
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 653,221,522.71 23,073,767.96 0.00 A-2 0.00 185,760,281.54 8,892,879.38 0.00 M-1 0.00 25,332,000.00 66,580.94 0.00 M-2 0.00 22,799,000.00 61,126.65 0.00 M-3 0.00 12,666,000.00 34,627.44 0.00 M-4 0.00 13,173,000.00 40,184.97 0.00 M-5 0.00 9,120,000.00 28,783.73 0.00 M-6 0.00 7,600,000.00 25,590.89 0.00 M-7 0.00 7,600,000.00 26,794.22 0.00 M-8 0.00 12,666,000.00 50,671.04 0.00 M-9 0.00 15,199,000.00 72,034.82 0.00 M-10 0.00 8,106,000.00 46,118.64 0.00 P 0.00 100.00 520,589.53 0.00 CE 0.00 10,132,875.86 2,525,104.38 0.00 R 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 Totals 0.00 983,375,780.11 35,464,854.59 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-1 674,700,000.00 674,700,000.00 0.00 21,478,477.29 0.00 0.00 A-2 194,194,000.00 194,194,000.00 0.00 8,433,718.46 0.00 0.00 M-1 25,332,000.00 25,332,000.00 0.00 0.00 0.00 0.00 M-2 22,799,000.00 22,799,000.00 0.00 0.00 0.00 0.00 M-3 12,666,000.00 12,666,000.00 0.00 0.00 0.00 0.00 M-4 13,173,000.00 13,173,000.00 0.00 0.00 0.00 0.00 M-5 9,120,000.00 9,120,000.00 0.00 0.00 0.00 0.00 M-6 7,600,000.00 7,600,000.00 0.00 0.00 0.00 0.00 M-7 7,600,000.00 7,600,000.00 0.00 0.00 0.00 0.00 M-8 12,666,000.00 12,666,000.00 0.00 0.00 0.00 0.00 M-9 15,199,000.00 15,199,000.00 0.00 0.00 0.00 0.00 M-10 8,106,000.00 8,106,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 CE 10,132,485.61 10,132,485.61 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,013,287,585.61 1,013,287,585.61 0.00 29,912,195.75 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 21,478,477.29 653,221,522.71 0.96816589 21,478,477.29 A-2 8,433,718.46 185,760,281.54 0.95657065 8,433,718.46 M-1 0.00 25,332,000.00 1.00000000 0.00 M-2 0.00 22,799,000.00 1.00000000 0.00 M-3 0.00 12,666,000.00 1.00000000 0.00 M-4 0.00 13,173,000.00 1.00000000 0.00 M-5 0.00 9,120,000.00 1.00000000 0.00 M-6 0.00 7,600,000.00 1.00000000 0.00 M-7 0.00 7,600,000.00 1.00000000 0.00 M-8 0.00 12,666,000.00 1.00000000 0.00 M-9 0.00 15,199,000.00 1.00000000 0.00 M-10 0.00 8,106,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 CE 0.00 10,132,875.86 1.00003851 0.00 R 0.00 0.00 0.00000000 0.00 RX 0.00 0.00 0.00000000 0.00 Totals 29,912,195.75 983,375,780.11 0.97048044 29,912,195.75
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 674,700,000.00 1000.00000000 0.00000000 31.83411485 0.00000000 A-2 194,194,000.00 1000.00000000 0.00000000 43.42934622 0.00000000 M-1 25,332,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 22,799,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 12,666,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 13,173,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 9,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 7,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 7,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 12,666,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 15,199,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 8,106,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 10,132,485.61 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 RX 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 31.83411485 968.16588515 0.96816589 31.83411485 A-2 0.00000000 43.42934622 956.57065378 0.95657065 43.42934622 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 1,000.03851474 1.00003851 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RX 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-1 674,700,000.00 2.24000% 674,700,000.00 1,595,290.67 0.00 0.00 A-2 194,194,000.00 2.24000% 194,194,000.00 459,160.92 0.00 0.00 M-1 25,332,000.00 2.49000% 25,332,000.00 66,580.94 0.00 0.00 M-2 22,799,000.00 2.54000% 22,799,000.00 61,126.65 0.00 0.00 M-3 12,666,000.00 2.59000% 12,666,000.00 34,627.44 0.00 0.00 M-4 13,173,000.00 2.89000% 13,173,000.00 40,184.97 0.00 0.00 M-5 9,120,000.00 2.99000% 9,120,000.00 28,783.73 0.00 0.00 M-6 7,600,000.00 3.19000% 7,600,000.00 25,590.89 0.00 0.00 M-7 7,600,000.00 3.34000% 7,600,000.00 26,794.22 0.00 0.00 M-8 12,666,000.00 3.79000% 12,666,000.00 50,671.04 0.00 0.00 M-9 15,199,000.00 4.49000% 15,199,000.00 72,034.82 0.00 0.00 M-10 8,106,000.00 5.39000% 8,106,000.00 46,118.64 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 CE 10,132,485.61 0.00000% 10,132,485.61 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 RX 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,013,287,585.61 2,506,964.93 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 1,595,290.67 0.00 653,221,522.71 A-2 0.00 0.00 459,160.92 0.00 185,760,281.54 M-1 0.00 0.00 66,580.94 0.00 25,332,000.00 M-2 0.00 0.00 61,126.65 0.00 22,799,000.00 M-3 0.00 0.00 34,627.44 0.00 12,666,000.00 M-4 0.00 0.00 40,184.97 0.00 13,173,000.00 M-5 0.00 0.00 28,783.73 0.00 9,120,000.00 M-6 0.00 0.00 25,590.89 0.00 7,600,000.00 M-7 0.00 0.00 26,794.22 0.00 7,600,000.00 M-8 0.00 0.00 50,671.04 0.00 12,666,000.00 M-9 0.00 0.00 72,034.82 0.00 15,199,000.00 M-10 0.00 0.00 46,118.64 0.00 8,106,000.00 P 0.00 0.00 520,589.53 0.00 100.00 CE 0.00 0.00 2,525,104.38 0.00 10,132,875.86 R 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,552,658.84 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-1 674,700,000.00 2.24000% 1000.00000000 2.36444445 0.00000000 0.00000000 A-2 194,194,000.00 2.24000% 1000.00000000 2.36444442 0.00000000 0.00000000 M-1 25,332,000.00 2.49000% 1000.00000000 2.62833333 0.00000000 0.00000000 M-2 22,799,000.00 2.54000% 1000.00000000 2.68111101 0.00000000 0.00000000 M-3 12,666,000.00 2.59000% 1000.00000000 2.73388915 0.00000000 0.00000000 M-4 13,173,000.00 2.89000% 1000.00000000 3.05055568 0.00000000 0.00000000 M-5 9,120,000.00 2.99000% 1000.00000000 3.15611075 0.00000000 0.00000000 M-6 7,600,000.00 3.19000% 1000.00000000 3.36722237 0.00000000 0.00000000 M-7 7,600,000.00 3.34000% 1000.00000000 3.52555526 0.00000000 0.00000000 M-8 12,666,000.00 3.79000% 1000.00000000 4.00055582 0.00000000 0.00000000 M-9 15,199,000.00 4.49000% 1000.00000000 4.73944470 0.00000000 0.00000000 M-10 8,106,000.00 5.39000% 1000.00000000 5.68944486 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 CE 10,132,485.61 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 RX 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 2.36444445 0.00000000 968.16588515 A-2 0.00000000 0.00000000 2.36444442 0.00000000 956.57065378 M-1 0.00000000 0.00000000 2.62833333 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.68111101 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.73388915 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.05055568 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.15611075 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.36722237 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 3.52555526 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 4.00055582 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 4.73944470 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 5.68944486 0.00000000 1000.00000000 P 0.00000000 0.00000000 5205895.30000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 249.20878027 0.00000000 1000.03851474 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RX 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 35,742,345.99 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 32,581.41 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 520,589.53 Total Deposits 36,295,516.93 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 830,662.34 Payment of Interest and Principal 35,464,854.59 Total Withdrawals (Pool Distribution Amount) 36,295,516.93 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 253,321.89 Radian 573,118.42 Trustee Fee 4,222.03 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 830,662.34
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 520,589.53 520,589.53 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 6 0 0 6 700,752.06 0.00 0.00 700,752.06 30 Days 67 0 0 0 67 11,456,563.61 0.00 0.00 0.00 11,456,563.61 60 Days 1 0 0 0 1 290,899.59 0.00 0.00 0.00 290,899.59 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 68 6 0 0 74 11,747,463.20 700,752.06 0.00 0.00 12,448,215.26 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 0.105690% 0.000000% 0.000000% 0.105690% 0.071245% 0.000000% 0.000000% 0.071245% 30 Days 1.180201% 0.000000% 0.000000% 0.000000% 1.180201% 1.164775% 0.000000% 0.000000% 0.000000% 1.164775% 60 Days 0.017615% 0.000000% 0.000000% 0.000000% 0.017615% 0.029575% 0.000000% 0.000000% 0.000000% 0.029575% 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 1.197816% 0.105690% 0.000000% 0.000000% 1.303505% 1.194351% 0.071245% 0.000000% 0.000000% 1.265595%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 32,581.41
Class M-1 119,061,585.61 11.75002904% 119,061,975.86 12.10747491% 2.576024% 0.000000% Class M-2 96,262,585.61 9.50002615% 96,262,975.86 9.78903262% 2.318442% 0.000000% Class M-3 83,596,585.61 8.25003551% 83,596,975.86 8.50102042% 1.288012% 0.000000% Class M-4 70,423,585.61 6.95000971% 70,423,975.86 7.16145112% 1.339569% 0.000000% Class P 10,132,485.61 0.99996149% 10,132,875.86 1.03041747% 0.000010% 0.000000% Class CE 0.00 0.00000000% 0.00 0.00000000% 1.030417% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 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 6.943484% Weighted Average Net Coupon 6.643484% Weighted Average Pass-Through Rate 5.959760% Weighted Average Maturity(Stepdown Calculation ) 352 Beginning Scheduled Collateral Loan Count 5,817 Number Of Loans Paid In Full 140 Ending Scheduled Collateral Loan Count 5,677 Beginning Scheduled Collateral Balance 1,013,287,585.61 Ending Scheduled Collateral Balance 983,375,780.11 Ending Actual Collateral Balance at 31-Oct-2004 983,585,830.96 Monthly P &I Constant 6,705,867.30 Special Servicing Fee 0.00 Prepayment Penalties 520,589.53 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 842,745.59 Unscheduled Principal 29,069,059.92
Other Income 0.00 Yield Maintenance 0.00 Overcollaterization Target Amount 10,132,875.86
Miscellaneous Reporting Excess Cash 2,525,494.63 Extra Principal Distribution Amount 390.25 Overcollaterization Amount 10,132,875.86 Overcollaterization Deficiency Amount 390.25
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.106023 6.970988 7.031457 Weighted Average Net Rate 7.031028 6.189164 0.000000 Weighted Average Maturity 352 352 351 Beginning Loan Count 1,316 3,673 361 Loans Paid In Full 25 93 10 Ending Loan Count 1,291 3,580 351 Beginning Scheduled Balance 196,698,401.36 590,141,409.49 66,534,644.70 Ending scheduled Balance 192,601,618.21 572,759,995.57 64,437,376.13 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 1,354,022.79 3,904,085.70 451,959.57 Scheduled Principal 189,236.60 475,861.71 62,096.68 Unscheduled Principal 3,907,546.55 16,905,552.21 2,035,171.89 Scheduled Interest 1,164,786.19 3,428,223.99 389,862.89 Servicing Fees 49,174.60 147,535.35 16,633.66 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 819.58 2,458.92 277.23 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 117,662.64 333,775.10 37,913.94 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 1,115,611.76 3,280,688.77 373,229.24 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 6.083198 5.987286 6.042651
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.605451 6.943484 Weighted Average Net Rate 0.000000 6.643484 Weighted Average Maturity 351 352 Beginning Loan Count 467 5,817 Loans Paid In Full 12 140 Ending Loan Count 455 5,677 Beginning Scheduled Balance 159,913,130.06 1,013,287,585.61 Ending scheduled Balance 153,576,790.20 983,375,780.11 Record Date 10/31/2004 10/31/2004 Principal And Interest Constant 995,799.24 6,705,867.30 Scheduled Principal 115,550.60 842,745.59 Unscheduled Principal 6,220,789.27 29,069,059.92 Scheduled Interest 880,248.64 5,863,121.71 Servicing Fees 39,978.28 253,321.89 Master Servicing Fees 0.00 0.00 Trustee Fee 666.30 4,222.03 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 83,766.74 573,118.42 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 840,270.25 5,609,800.02 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 5.671859 5.959760
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