-----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, KogF2vEBcvPx7olpi44vmPhjV3Xeoa9jJg2maj9bQ622z9MPQ+nQ6UqYEkr5hS05 qH7P6+ghLzDl8C5k6kXyng== 0001056404-04-004569.txt : 20041230 0001056404-04-004569.hdr.sgml : 20041230 20041230093239 ACCESSION NUMBER: 0001056404-04-004569 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041227 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041230 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fremont Home Loan Trust 2004-3 CENTRAL INDEX KEY: 0001306925 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-115858-25 FILM NUMBER: 041232514 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2125267000 MAIL ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 fom04003_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 FREMONT HOME LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115858-25 54-2162577 Pooling and Servicing Agreement) (Commission 54-2162578 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 FREMONT HOME LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-3 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 2004-3 Trust, relating to the December 27, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report 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. FREMONT HOME LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/27/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-3 Trust, relating to the December 27, 2004 distribution. EX-99.2 Murrayhill Credit Risk Manager Report EX-99.1
Fremont Home Loan Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Fremont Home Loan Trust Mortgage Pass-Through Certificates Series 2004-3 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 A1 35729PFG0 SEN 2.53000% 660,761,468.44 1,439,542.28 12,448,855.16 A2 35729PFH8 SEN 2.41000% 292,430,343.65 606,874.19 9,888,172.56 A3 35729PFJ4 SEN 2.58000% 113,525,000.00 252,214.71 0.00 A4 35729PFK1 SEN 2.70000% 46,502,000.00 108,117.15 0.00 M1 35729PFL9 MEZ 2.83000% 43,425,000.00 105,824.31 0.00 M2 35729PFM7 MEZ 2.88000% 31,212,000.00 77,405.76 0.00 M3 35729PFN5 MEZ 2.93000% 23,748,000.00 59,917.52 0.00 M4 35729PFP0 MEZ 3.23000% 23,748,000.00 66,052.42 0.00 M5 35729PFQ8 MEZ 3.43000% 43,425,000.00 128,260.56 0.00 M6 35729PFR6 MEZ 3.58000% 12,892,000.00 39,743.17 0.00 M7 35729PFS4 MEZ 3.83000% 10,178,000.00 33,567.61 0.00 M8 35729PFT2 MEZ 4.28000% 12,892,000.00 47,514.18 0.00 M9 35729PFU9 MEZ 4.73000% 8,142,000.00 33,162.82 0.00 M10 35729PFV7 MEZ 4.58000% 10,177,000.00 40,136.96 0.00 X FOM04003X RES 0.00000% 6,785,128.00 4,306,761.25 0.00 P FOM04003P RES 0.00000% 100.00 385,788.86 0.00 R2 FOM0403R2 RES 0.00000% 0.00 0.00 0.00 Totals 1,339,843,040.09 7,730,883.75 22,337,027.72
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 648,312,613.28 13,888,397.44 0.00 A2 0.00 282,542,171.09 10,495,046.75 0.00 A3 0.00 113,525,000.00 252,214.71 0.00 A4 0.00 46,502,000.00 108,117.15 0.00 M1 0.00 43,425,000.00 105,824.31 0.00 M2 0.00 31,212,000.00 77,405.76 0.00 M3 0.00 23,748,000.00 59,917.52 0.00 M4 0.00 23,748,000.00 66,052.42 0.00 M5 0.00 43,425,000.00 128,260.56 0.00 M6 0.00 12,892,000.00 39,743.17 0.00 M7 0.00 10,178,000.00 33,567.61 0.00 M8 0.00 12,892,000.00 47,514.18 0.00 M9 0.00 8,142,000.00 33,162.82 0.00 M10 0.00 10,177,000.00 40,136.96 0.00 X 0.00 6,785,128.00 4,306,761.25 0.00 P 0.00 100.00 385,788.86 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 1,317,506,012.37 30,067,911.47 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A1 670,374,000.00 660,761,468.44 0.00 12,448,855.16 0.00 0.00 A2 300,000,000.00 292,430,343.65 0.00 9,888,172.56 0.00 0.00 A3 113,525,000.00 113,525,000.00 0.00 0.00 0.00 0.00 A4 46,502,000.00 46,502,000.00 0.00 0.00 0.00 0.00 M1 43,425,000.00 43,425,000.00 0.00 0.00 0.00 0.00 M2 31,212,000.00 31,212,000.00 0.00 0.00 0.00 0.00 M3 23,748,000.00 23,748,000.00 0.00 0.00 0.00 0.00 M4 23,748,000.00 23,748,000.00 0.00 0.00 0.00 0.00 M5 43,425,000.00 43,425,000.00 0.00 0.00 0.00 0.00 M6 12,892,000.00 12,892,000.00 0.00 0.00 0.00 0.00 M7 10,178,000.00 10,178,000.00 0.00 0.00 0.00 0.00 M8 12,892,000.00 12,892,000.00 0.00 0.00 0.00 0.00 M9 8,142,000.00 8,142,000.00 0.00 0.00 0.00 0.00 M10 10,177,000.00 10,177,000.00 0.00 0.00 0.00 0.00 X 6,785,128.07 6,785,128.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,357,025,228.07 1,339,843,040.09 0.00 22,337,027.72 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 A1 12,448,855.16 648,312,613.28 0.96709093 12,448,855.16 A2 9,888,172.56 282,542,171.09 0.94180724 9,888,172.56 A3 0.00 113,525,000.00 1.00000000 0.00 A4 0.00 46,502,000.00 1.00000000 0.00 M1 0.00 43,425,000.00 1.00000000 0.00 M2 0.00 31,212,000.00 1.00000000 0.00 M3 0.00 23,748,000.00 1.00000000 0.00 M4 0.00 23,748,000.00 1.00000000 0.00 M5 0.00 43,425,000.00 1.00000000 0.00 M6 0.00 12,892,000.00 1.00000000 0.00 M7 0.00 10,178,000.00 1.00000000 0.00 M8 0.00 12,892,000.00 1.00000000 0.00 M9 0.00 8,142,000.00 1.00000000 0.00 M10 0.00 10,177,000.00 1.00000000 0.00 X 0.00 6,785,128.00 0.99999999 0.00 P 0.00 100.00 1.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 Totals 22,337,027.72 1,317,506,012.37 0.97087805 22,337,027.72
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 670,374,000.00 985.66094216 0.00000000 18.57001489 0.00000000 A2 300,000,000.00 974.76781217 0.00000000 32.96057520 0.00000000 A3 113,525,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A4 46,502,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 43,425,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 31,212,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 23,748,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 23,748,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 43,425,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 12,892,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 10,178,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 12,892,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 8,142,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M10 10,177,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 6,785,128.07 999.99998968 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per $1000 Denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 18.57001489 967.09092727 0.96709093 18.57001489 A2 0.00000000 32.96057520 941.80723697 0.94180724 32.96057520 A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.99998968 0.99999999 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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 A1 670,374,000.00 2.53000% 660,761,468.44 1,439,542.28 0.00 0.00 A2 300,000,000.00 2.41000% 292,430,343.65 606,874.19 0.00 0.00 A3 113,525,000.00 2.58000% 113,525,000.00 252,214.71 0.00 0.00 A4 46,502,000.00 2.70000% 46,502,000.00 108,117.15 0.00 0.00 M1 43,425,000.00 2.83000% 43,425,000.00 105,824.31 0.00 0.00 M2 31,212,000.00 2.88000% 31,212,000.00 77,405.76 0.00 0.00 M3 23,748,000.00 2.93000% 23,748,000.00 59,917.52 0.00 0.00 M4 23,748,000.00 3.23000% 23,748,000.00 66,052.42 0.00 0.00 M5 43,425,000.00 3.43000% 43,425,000.00 128,260.56 0.00 0.00 M6 12,892,000.00 3.58000% 12,892,000.00 39,743.17 0.00 0.00 M7 10,178,000.00 3.83000% 10,178,000.00 33,567.61 0.00 0.00 M8 12,892,000.00 4.28000% 12,892,000.00 47,514.18 0.00 0.00 M9 8,142,000.00 4.73000% 8,142,000.00 33,162.82 0.00 0.00 M10 10,177,000.00 4.58000% 10,177,000.00 40,136.96 0.00 0.00 X 6,785,128.07 0.00000% 6,785,128.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,357,025,228.07 3,038,333.64 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 A1 0.00 0.00 1,439,542.28 0.00 648,312,613.28 A2 0.00 0.00 606,874.19 0.00 282,542,171.09 A3 0.00 0.00 252,214.71 0.00 113,525,000.00 A4 0.00 0.00 108,117.15 0.00 46,502,000.00 M1 0.00 0.00 105,824.31 0.00 43,425,000.00 M2 0.00 0.00 77,405.76 0.00 31,212,000.00 M3 0.00 0.00 59,917.52 0.00 23,748,000.00 M4 0.00 0.00 66,052.42 0.00 23,748,000.00 M5 0.00 0.00 128,260.56 0.00 43,425,000.00 M6 0.00 0.00 39,743.17 0.00 12,892,000.00 M7 0.00 0.00 33,567.61 0.00 10,178,000.00 M8 0.00 0.00 47,514.18 0.00 12,892,000.00 M9 0.00 0.00 33,162.82 0.00 8,142,000.00 M10 0.00 0.00 40,136.96 0.00 10,177,000.00 X 0.00 0.00 4,306,761.25 0.00 6,785,128.00 P 0.00 0.00 385,788.86 0.00 100.00 R2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 7,730,883.75 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 A1 670,374,000.00 2.53000% 985.66094216 2.14737188 0.00000000 0.00000000 A2 300,000,000.00 2.41000% 974.76781217 2.02291397 0.00000000 0.00000000 A3 113,525,000.00 2.58000% 1000.00000000 2.22166668 0.00000000 0.00000000 A4 46,502,000.00 2.70000% 1000.00000000 2.32500000 0.00000000 0.00000000 M1 43,425,000.00 2.83000% 1000.00000000 2.43694439 0.00000000 0.00000000 M2 31,212,000.00 2.88000% 1000.00000000 2.48000000 0.00000000 0.00000000 M3 23,748,000.00 2.93000% 1000.00000000 2.52305542 0.00000000 0.00000000 M4 23,748,000.00 3.23000% 1000.00000000 2.78138875 0.00000000 0.00000000 M5 43,425,000.00 3.43000% 1000.00000000 2.95361105 0.00000000 0.00000000 M6 12,892,000.00 3.58000% 1000.00000000 3.08277769 0.00000000 0.00000000 M7 10,178,000.00 3.83000% 1000.00000000 3.29805561 0.00000000 0.00000000 M8 12,892,000.00 4.28000% 1000.00000000 3.68555538 0.00000000 0.00000000 M9 8,142,000.00 4.73000% 1000.00000000 4.07305576 0.00000000 0.00000000 M10 10,177,000.00 4.58000% 1000.00000000 3.94388916 0.00000000 0.00000000 X 6,785,128.07 0.00000% 999.99998968 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1000 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 A1 0.00000000 0.00000000 2.14737188 0.00000000 967.09092727 A2 0.00000000 0.00000000 2.02291397 0.00000000 941.80723697 A3 0.00000000 0.00000000 2.22166668 0.00000000 1000.00000000 A4 0.00000000 0.00000000 2.32500000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.43694439 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.48000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.52305542 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.78138875 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.95361105 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.08277769 0.00000000 1000.00000000 M7 0.00000000 0.00000000 3.29805561 0.00000000 1000.00000000 M8 0.00000000 0.00000000 3.68555538 0.00000000 1000.00000000 M9 0.00000000 0.00000000 4.07305576 0.00000000 1000.00000000 M10 0.00000000 0.00000000 3.94388916 0.00000000 1000.00000000 X 0.00000000 0.00000000 634.73543986 0.00000000 999.99998968 P 0.00000000 0.00000000 3857888.60000000 0.00000000 1000.00000000 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 31,058,283.06 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 0.00 Total Deposits 31,058,283.06 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 990,371.59 Payment of Interest and Principal 30,067,911.47 Total Withdrawals (Pool Distribution Amount) 31,058,283.06 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 558,267.94 Credit Risk Manager's Fee 12,281.89 PMI 418,705.23 Wells Fargo Bank, N.A.. 1,116.53 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 990,371.59
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 160 0 0 0 160 28,792,679.45 0.00 0.00 0.00 28,792,679.45 60 Days 56 0 0 0 56 9,914,956.88 0.00 0.00 0.00 9,914,956.88 90 Days 6 0 0 0 6 650,469.75 0.00 0.00 0.00 650,469.75 120 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 222 0 0 0 222 39,358,106.08 0.00 0.00 0.00 39,358,106.08 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 2.179837% 0.000000% 0.000000% 0.000000% 2.179837% 2.183801% 0.000000% 0.000000% 0.000000% 2.183801% 60 Days 0.762943% 0.000000% 0.000000% 0.000000% 0.762943% 0.752007% 0.000000% 0.000000% 0.000000% 0.752007% 90 Days 0.081744% 0.000000% 0.000000% 0.000000% 0.081744% 0.049335% 0.000000% 0.000000% 0.000000% 0.049335% 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 3.024523% 0.000000% 0.000000% 0.000000% 3.024523% 2.985143% 0.000000% 0.000000% 0.000000% 2.985143%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(A) 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 9 0 0 0 9 1,353,330.22 0.00 0.00 0.00 1,353,330.22 60 Days 2 0 0 0 2 170,573.00 0.00 0.00 0.00 170,573.00 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 11 0 0 0 11 1,523,903.22 0.00 0.00 0.00 1,523,903.22 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.797872% 0.000000% 0.000000% 0.000000% 0.797872% 0.860617% 0.000000% 0.000000% 0.000000% 0.860617% 60 Days 0.177305% 0.000000% 0.000000% 0.000000% 0.177305% 0.108472% 0.000000% 0.000000% 0.000000% 0.108472% 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 0.975177% 0.000000% 0.000000% 0.000000% 0.975177% 0.969089% 0.000000% 0.000000% 0.000000% 0.969089% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(B) 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 81 0 0 0 81 13,672,096.08 0.00 0.00 0.00 13,672,096.08 60 Days 22 0 0 0 22 4,430,136.77 0.00 0.00 0.00 4,430,136.77 90 Days 2 0 0 0 2 276,000.00 0.00 0.00 0.00 276,000.00 120 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 105 0 0 0 105 18,378,232.85 0.00 0.00 0.00 18,378,232.85 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.356021% 0.000000% 0.000000% 0.000000% 2.356021% 2.183794% 0.000000% 0.000000% 0.000000% 2.183794% 60 Days 0.639907% 0.000000% 0.000000% 0.000000% 0.639907% 0.707610% 0.000000% 0.000000% 0.000000% 0.707610% 90 Days 0.058173% 0.000000% 0.000000% 0.000000% 0.058173% 0.044084% 0.000000% 0.000000% 0.000000% 0.044084% 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 3.054101% 0.000000% 0.000000% 0.000000% 3.054101% 2.935489% 0.000000% 0.000000% 0.000000% 2.935489% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(A) 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 23 0 0 0 23 1,428,916.26 0.00 0.00 0.00 1,428,916.26 60 Days 13 0 0 0 13 505,888.10 0.00 0.00 0.00 505,888.10 90 Days 1 0 0 0 1 65,921.19 0.00 0.00 0.00 65,921.19 120 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 37 0 0 0 37 2,000,725.55 0.00 0.00 0.00 2,000,725.55 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.754386% 0.000000% 0.000000% 0.000000% 1.754386% 1.366584% 0.000000% 0.000000% 0.000000% 1.366584% 60 Days 0.991609% 0.000000% 0.000000% 0.000000% 0.991609% 0.483820% 0.000000% 0.000000% 0.000000% 0.483820% 90 Days 0.076278% 0.000000% 0.000000% 0.000000% 0.076278% 0.063046% 0.000000% 0.000000% 0.000000% 0.063046% 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 2.822273% 0.000000% 0.000000% 0.000000% 2.822273% 1.913450% 0.000000% 0.000000% 0.000000% 1.913450% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(B) 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 47 0 0 0 47 12,338,336.89 0.00 0.00 0.00 12,338,336.89 60 Days 19 0 0 0 19 4,808,359.01 0.00 0.00 0.00 4,808,359.01 90 Days 3 0 0 0 3 308,548.56 0.00 0.00 0.00 308,548.56 120 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 69 0 0 0 69 17,455,244.46 0.00 0.00 0.00 17,455,244.46 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.212577% 0.000000% 0.000000% 0.000000% 3.212577% 2.865492% 0.000000% 0.000000% 0.000000% 2.865492% 60 Days 1.298701% 0.000000% 0.000000% 0.000000% 1.298701% 1.116708% 0.000000% 0.000000% 0.000000% 1.116708% 90 Days 0.205058% 0.000000% 0.000000% 0.000000% 0.205058% 0.071658% 0.000000% 0.000000% 0.000000% 0.071658% 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 4.716336% 0.000000% 0.000000% 0.000000% 4.716336% 4.053858% 0.000000% 0.000000% 0.000000% 4.053858%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.279071% Weighted Average Net Coupon 6.779071% Weighted Average Pass-Through Rate 6.403067% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 7,449 Number Of Loans Paid In Full 109 Ending Scheduled Collateral Loan Count 7,340 Beginning Scheduled Collateral Balance 1,339,843,040.09 Ending Scheduled Collateral Balance 1,317,506,012.37 Ending Actual Collateral Balance at 30-Nov-2004 1,318,466,505.74 Monthly P &I Constant 9,021,797.07 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 894,453.15 Unscheduled Principal 21,442,574.57
Cap Payment 208,454.63
Miscellaneous Reporting Overcollateralization Amount 6,785,227.100 Overcollaterlization Deficiency Amount 0.00 Target Overcollateralization 6,785,228.00
Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.679836 7.185540 8.319947 Weighted Average Net Rate 7.179836 6.685540 7.819947 Weighted Average Maturity 354 354 348 Beginning Loan Count 1,141 3,486 1,330 Loans Paid In Full 13 48 19 Ending Loan Count 1,128 3,438 1,311 Beginning Scheduled Balance 159,444,014.97 635,714,100.77 105,605,033.51 Ending scheduled Balance 157,121,590.30 625,587,670.28 104,437,995.77 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,152,171.20 4,250,743.84 854,343.81 Scheduled Principal 131,751.33 444,119.49 122,153.55 Unscheduled Principal 2,190,673.34 9,682,311.00 1,044,884.19 Scheduled Interest 1,020,419.87 3,806,624.35 732,190.26 Servicing Fees 66,435.01 264,880.88 44,002.10 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 43,553.98 234,952.88 25,165.02 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 910,430.88 3,306,790.59 663,023.14 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 6.852042 6.242033 7.533995
Group Level Collateral Statement Group 1(B) Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.018612 7.279071 Weighted Average Net Rate 6.518612 6.779071 Weighted Average Maturity 348 354 Beginning Loan Count 1,492 7,449 Loans Paid In Full 29 109 Ending Loan Count 1,463 7,340 Beginning Scheduled Balance 439,079,890.84 1,339,843,040.09 Ending scheduled Balance 430,358,756.02 1,317,506,012.37 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 2,764,538.22 9,021,797.07 Scheduled Principal 196,428.78 894,453.15 Unscheduled Principal 8,524,706.04 21,442,574.57 Scheduled Interest 2,568,109.44 8,127,343.92 Servicing Fees 182,949.95 558,267.94 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 116,149.88 419,821.76 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 2,269,009.61 7,149,254.22 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 6.201176 6.403067
Ex 99.2
theMurrayhillcompany Fremont 2004-3 Credit Risk Manager Report November 2004 The information contained in this Report is based upon a specific point in time and reflects performance solely through that point in time. It does not forecast the performance of the portfolio in the future. The information in this Report is not investment advice concerning a particular portfolio or security, and no mention of a particular security in this Report constitutes a recommendation to buy, sell, or hold that or any other security. The Report is based upon information provided to The Murrayhill Company by third parties and therefore The Murrayhill Company cannot, and does not, warrant that the information contained in this Report is accurate or complete. Table of Contents Section One Transaction Summary Section Two Prepayment Premium Analysis Section Three Analytics Section One Transaction Summary Fremont 2004-3 Executive Summary November 2004 Transaction Summary Closing Date: 10/22/2004 Depositor: Structured Asset Securities Corporation Trustee(s): U. S. Bank Securities Administrator: Wells Fargo Bank, N.A. Master Servicer: Wells Fargo Bank, N.A. Servicer(s): HomEq Delinquency Reporting Method: OTS1 Collateral Summary 10/31/2004 Balance as a 2 Percentage of Closing Date Closing Date As of 10/31/2004 Balance Collateral Balance $1,359,370,913 $1,339,843,040 98.56% Loan Count 7,535 7,507 99.63% 1 OTS Method: A current loan becomes 30 days delinquent if the scheduled payment is not made by the close of business on the corresponding day of the following month. Similarly for 60 days delinquent and the second immediately succeeding month and 90 days delinquent and the third immediately succeeding month. 2 These figures are based upon information provided to Murrayhill by the servicers on a monthly basis. c 2004 The Murrayhill Company. All Rights Reserved. Section Two Prepayment Premium Analysis Reconciliation for Prepayment Premiums for Freemont 2004-3 Mortgage Data Through: October 31, 2004 Section 1: Prepayment premiums remitted to the P Class by the trustee. This information is taken from the Statement to Certificateholders prepared by the trustee. Trustee Remittance Date Class 25-Nov-04 P Class $163,292 Section 2: Prepayment premiums collected by the servicer and remitted to the trustee. This information is reported to Murrayhill by the servicer each month. Trustee Remittance Date Servicer 25-Nov-04 TOTAL $163,292 Section 3: Reconciliation of the amounts remitted to the P class by the trustee and the amounts remitted by the servicer to the trustee. Amount remitted to the P Class: $163,292 Amount remitted by servicer: $163,292 Difference: $0 Aggregate Paid-Off Loans Report for Freemont 2004-3 Mortgage Data Through: October 31, 2004 Trustee Remittance Date: 25-Nov-04 Loans with Active Prepayment Flags with Premiums Remitted (A) 28 Loans without Prepayment Flags with Premiums Remitted 0 Total Loans with Premiums Remitted (B) 28 Loans with Active Prepayment Flags (C) 45 Loans without Prepayment Flags with Premiums Remitted 0 Subtotal (D) 45 Premiums Remitted for Loans with Active Prepayment Flags (A/C) 62.22% Total Loans with Premiums Remitted to the Subtotal (B/D) 62.22% Total Paid-Off Loans (E) 86 Total Loans with Premiums Remitted to the Total Paid-Off Loans (B/E) 32.56% Paid-Off Loan Exception Report for Freemont 2004-3 Mortgage Data Through: October 31, 2004 TOTAL Total Paid-Off Loans with Flags 45 Less Exceptions: Loans with Expired Prepayment Clauses (as stated in the 0 Note)* Loans that Contained a Clause Allowing Prepayment 0 Premiums to be Waived at the Time of Liquidation* Loans that were Liquidated from REO Status* 0 Loans with Discrepancies between the Data File and the Note* 0 Defaulted Liquidated Loans that Could Not Have Premiums 0 Collected because of the Acceleration of the Debt* Loans that were Liquidated Through Loss Mitigation Efforts* 0 Total Paid-Off Loans with Active Prepayment Flags (C) 45 Other Exceptions: Paid-Off Loans that Did Not have Premiums Collected because 0 of State Statutes Paid-Off Loans with Active Prepayment Flags that Did Not 17 Have Premiums Remitted * These categories are mutually exclusive. Paid-Off Loans With Prepayment Flags for Freemont 2004-3 Mortgage Data Through: October 31, 2004 Loan Delinquency Origination PPP Expiration Number String Date Flag Date 113124226 30 6/24/2004 1 6/24/2005 113124614 C0 4/2/2004 1 4/2/2005 113135610 C0 5/25/2004 1 5/25/2005 113117923 C0 4/22/2004 2 4/22/2006 113119051 C0 5/28/2004 2 5/28/2006 113120828 30 5/25/2004 2 5/25/2006 113124028 30 6/23/2004 2 6/23/2006 113127294 30 6/4/2004 2 6/4/2006 113129746 C0 4/28/2004 2 4/28/2006 113129993 30 5/24/2004 2 5/24/2006 113138010 C0 6/21/2004 2 6/21/2006 113139158 30 6/25/2004 2 6/25/2006 113140693 C0 6/16/2004 2 6/16/2006 113140867 C0 6/23/2004 2 6/23/2006 113141543 C0 6/24/2004 2 6/24/2006 113343693 C0 7/8/2004 2 7/8/2006 113122394 C0 6/9/2004 3 6/9/2007 113344055 C0 7/16/2004 1 7/16/2005 113118889 C0 5/22/2004 2 5/22/2006 113318646 C0 6/2/2004 2 6/2/2006 113318661 C0 5/20/2004 2 5/20/2006 113321590 C0 6/28/2004 2 6/28/2006 113321772 C0 6/28/2004 2 6/28/2006 113323729 C0 6/29/2004 2 6/29/2006 113325021 C0 7/2/2004 2 7/2/2006 113332332 C0 7/12/2004 2 7/12/2006 113332639 C0 7/21/2004 2 7/21/2006 113333595 C0 7/22/2004 2 7/22/2006 113335954 C0 7/22/2004 2 7/22/2006 113336010 C0 7/22/2004 2 7/22/2006 113337067 C0 7/23/2004 2 7/23/2006 113337356 C0 7/23/2004 2 7/23/2006 113341200 C0 6/30/2004 2 6/30/2006 113360184 C0 7/20/2004 2 7/20/2006 113362743 C0 7/21/2004 2 7/21/2006 113362768 C0 7/2/2004 2 7/2/2006 113363014 C0 7/14/2004 2 7/14/2006 113364715 C0 7/8/2004 2 7/8/2006 113366074 C0 7/12/2004 2 7/12/2006 113369557 C0 7/7/2004 2 7/7/2006 113371769 C0 7/9/2004 2 7/9/2006 113121321 C0 5/28/2004 3 5/28/2007 113328355 C0 7/13/2004 3 7/13/2007 113331938 C0 7/12/2004 3 7/12/2007 113341382 C0 6/30/2004 3 6/30/2007 Paid-Off Loans With Prepayment Flags for Freemont 2004-3 Mortgage Data Through: October 31, 2004 (CONT.) % of PPP to No PPP PPP Loan Payoff PPP Payoff Collected, Collected, Comments Number Balance Remitted Balance w/ Flag No Flag 113124226 $368,000 $0 0% 113124226 Awaiting servicer response 113124614 $141,218 $0 0% 113124614 Awaiting servicer response 113135610 $11,621 $0 0% 113135610 Awaiting servicer response 113117923 $166,915 $0 0% 113117923 Awaiting servicer response 113119051 $391,500 $0 0% 113119051 Awaiting servicer response 113120828 $61,315 $0 0% 113120828 Awaiting servicer response 113124028 $142,193 $0 0% 113124028 Awaiting servicer response 113127294 $144,000 $0 0% 113127294 Awaiting servicer response 113129746 $186,912 $0 0% 113129746 Awaiting servicer response 113129993 $116,773 $0 0% 113129993 Awaiting servicer response 113138010 $227,070 $0 0% 113138010 Awaiting servicer response 113139158 $103,601 $0 0% 113139158 Awaiting servicer response 113140693 $159,381 $0 0% 113140693 Awaiting servicer response 113140867 $55,678 $0 0% 113140867 Awaiting servicer response 113141543 $331,858 $0 0% 113141543 Awaiting servicer response 113343693 $465,247 $0 0% 113343693 Awaiting servicer response 113122394 $17,431 $0 0% 113122394 Awaiting servicer response 113344055 $207,731 $6,811 3% 113118889 $130,795 $1,725 1% 113318646 $170,101 $5,921 3% 113318661 $224,449 $7,634 3% 113321590 $252,000 $5,796 2% 113321772 $62,916 $2,517 4% 113323729 $336,000 $7,795 2% 113325021 $230,000 $4,784 2% 113332332 $283,500 $7,371 3% 113332639 $300,000 $7,140 2% 113333595 $175,678 $4,536 3% 113335954 $215,674 $6,511 3% 113336010 $53,955 $2,266 4% 113337067 $216,000 $6,039 3% 113337356 $380,000 $9,500 2% 113341200 $116,806 $4,204 4% 113360184 $96,547 $3,322 3% 113362743 $368,042 $9,941 3% 113362768 $370,907 $10,763 3% 113363014 $9,375 $451 5% 113364715 $400,439 $11,192 3% 113366074 $348,500 $9,186 3% 113369557 $275,016 $9,587 3% 113371769 $267,589 $7,879 3% 113121321 $154,851 $4,177 3% 113328355 $188,663 $4,977 3% 113331938 $19,825 $949 5% 113341382 $6,416 $317 5% c 2004 The Murrayhill Company. All Rights Reserved. Section Three Analytics Fremont 2004-3 FICO Distribution by Status Mortgage Data Through: October 31, 2004 FICO Delinquency Percentage 500 Current 0.006 500 Delinquent 0.014 510 Current 0.02 510 Delinquent 0.095 520 Current 0.022 520 Delinquent 0.054 520 Paid Off 0.036 530 Current 0.028 530 Delinquent 0.068 540 Current 0.025 540 Delinquent 0.054 540 Paid Off 0.071 550 Current 0.038 550 Delinquent 0.068 550 Paid Off 0.107 560 Current 0.058 560 Delinquent 0.041 560 Paid Off 0.107 570 Current 0.049 570 Delinquent 0.054 580 Current 0.055 580 Delinquent 0.027 590 Current 0.061 590 Delinquent 0.081 590 Paid Off 0.071 600 Current 0.055 600 Delinquent 0.041 610 Current 0.047 610 Delinquent 0.027 610 Paid Off 0.036 620 Current 0.061 620 Delinquent 0.014 620 Paid Off 0.107 630 Current 0.068 630 Delinquent 0.054 630 Paid Off 0.036 640 Current 0.07 640 Delinquent 0.108 650 Current 0.065 650 Delinquent 0.027 650 Paid Off 0.107 660 Current 0.058 660 Delinquent 0.041 660 Paid Off 0.036 670 Current 0.049 670 Delinquent 0.041 670 Paid Off 0.036 680 Current 0.034 680 Delinquent 0.027 690 Current 0.032 690 Paid Off 0.143 700 Current 0.023 700 Delinquent 0.027 710 Current 0.02 710 Paid Off 0.036 720 Current 0.014 730 Current 0.011 730 Delinquent 0.014 740 Current 0.008 740 Delinquent 0.014 750 Current 0.007 760 Current 0.006 760 Delinquent 0.014 760 Paid Off 0.036 770 Current 0.004 780 Current 0.003 790 Current 0.002 800 Current 0.001 800 Paid Off 0.036 810 Current 0 Status # of Loans Average Std. Deviation Current 7,433 619 58.186 Delinquent 74 592 62.725 Paid Off 28 625 71.369 Total: 7,535 Fremont 2004-3 Loan-to-Value Distribution by Status Mortgage Data Through: October 31, 2004 LTV Delinquency Percentage 0 Current 0.007 0 Delinquent 0.014 0.1 Delinquent 0.041 0.1 Current 0.061 0.1 Paid Off 0.143 0.2 Delinquent 0.135 0.2 Paid Off 0.107 0.2 Current 0.137 0.3 Current 0.003 0.4 Paid Off 0.036 0.4 Delinquent 0.027 0.4 Current 0.005 0.5 Delinquent 0.014 0.5 Current 0.017 0.5 Paid Off 0.036 0.6 Current 0.037 0.6 Paid Off 0.036 0.6 Delinquent 0.027 0.7 Current 0.072 0.7 Delinquent 0.081 0.8 Paid Off 0.5 0.8 Delinquent 0.419 0.8 Current 0.373 0.9 Paid Off 0.071 0.9 Delinquent 0.216 0.9 Current 0.243 1 Delinquent 0.027 1 Paid Off 0.071 1 Current 0.045 Status # of Loans Average Std. Deviation Current 7,433 0.674 0.283 Delinquent 74 0.672 0.273 Paid Off 28 0.614 0.317 Total: 7,535 Fremont 2004-3 Balance Distribution by Status Mortgage Data Through: October 31, 2004 Balance Delinquency Percentage 0 Current 0.008 0 Delinquent 0.081 10000 Current 0.051 10000 Delinquent 0.054 20000 Current 0.024 20000 Delinquent 0.027 30000 Current 0.027 30000 Delinquent 0.027 40000 Current 0.025 40000 Delinquent 0.014 50000 Current 0.029 60000 Current 0.025 60000 Delinquent 0.014 70000 Current 0.024 70000 Delinquent 0.041 80000 Current 0.028 80000 Delinquent 0.054 90000 Current 0.036 90000 Delinquent 0.027 100000 Current 0.037 100000 Delinquent 0.014 110000 Current 0.038 110000 Delinquent 0.027 120000 Current 0.035 120000 Delinquent 0.081 130000 Current 0.035 130000 Delinquent 0.027 140000 Current 0.034 140000 Delinquent 0.041 150000 Current 0.037 150000 Delinquent 0.014 160000 Current 0.035 160000 Delinquent 0.027 170000 Current 0.029 170000 Delinquent 0.027 180000 Current 0.027 180000 Delinquent 0.014 190000 Current 0.028 190000 Delinquent 0.027 200000 Current 0.029 200000 Delinquent 0.027 210000 Current 0.025 220000 Current 0.027 220000 Delinquent 0.054 230000 Current 0.023 230000 Delinquent 0.027 240000 Current 0.021 240000 Delinquent 0.014 250000 Current 0.018 250000 Delinquent 0.027 260000 Current 0.023 260000 Delinquent 0.027 270000 Current 0.017 270000 Delinquent 0.027 280000 Current 0.016 280000 Delinquent 0.027 290000 Current 0.015 300000 Current 0.015 300000 Delinquent 0.027 310000 Current 0.013 310000 Delinquent 0.027 320000 Current 0.015 330000 Current 0.01 340000 Current 0.013 350000 Current 0.011 350000 Delinquent 0.014 360000 Current 0.011 360000 Delinquent 0.014 370000 Current 0.008 370000 Delinquent 0.027 380000 Current 0.008 390000 Current 0.005 390000 Delinquent 0.014 400000 Current 0.01 410000 Current 0.006 420000 Current 0.006 430000 Current 0.004 440000 Current 0.005 450000 Current 0.006 460000 Current 0.003 470000 Current 0.004 480000 Current 0.003 490000 Current 0.004 500000 Current 0.006 500000 Delinquent 0.014 510000 Current 0 520000 Current 0.001 530000 Current 0.001 540000 Current 0.001 560000 Current 0 570000 Current 0 580000 Current 0 590000 Current 0 600000 Current 0.001 610000 Current 0 620000 Current 0 640000 Current 0 650000 Current 0 680000 Current 0 690000 Current 0 700000 Current 0 740000 Current 0 750000 Current 0 760000 Current 0 790000 Current 0 800000 Current 0 840000 Current 0 850000 Current 0 870000 Current 0 960000 Current 0 Status # of Loans Average Std. Deviation Current 7,433 178,685.94 123,218.61 Delinquent 74 157,708.87 114,819.34 Total: 7,507 Fremont 2004-3 Mortgage Type Distribution by Status Mortgage Data Through: October 31, 2004 Mortgage Type Delinquency Percentage Investment Home Current 0.071 Investment Home Delinquent 0.095 Investment Home Paid Off 0.143 Primary Home Current 0.917 Primary Home Delinquent 0.892 Primary Home Paid Off 0.857 Second Home Current 0.012 Second Home Delinquent 0.014 Mortgage Type Loan Count Total Balance Avg. Balance Std. Deviation ARM 5,044 1,074,793,991.61 213,083.66 113,325.54 Fixed 2,491 265,049,048.48 106,402.67 111,540.62 Total: 7,535 1,339,843,040.09 Fremont 2004-3 Mortgage Term Distribution by Status Mortgage Data Through: October 31, 2004 Mortgage Term Delinquency Percentage 0 Current 0.005 0 Delinquent 0.027 120 Delinquent 0.041 120 Current 0.048 120 Paid Off 0.143 180 Current 0.019 240 Current 0.072 240 Delinquent 0.081 300 Current 0 360 Current 0.856 360 Delinquent 0.851 360 Paid Off 0.857 # of Loans Other 120 180 240 300 360 7,535 41 363 139 540 3 6,449 Purpose Fremont 2004-3 Mortgage Purpose Distribution Mortgage Data Through: October 31, 2004 Origination Statistics Current Loans Delinquent Loans Paid Off Loans Number of Loans: 7,535 Number of Loans: 7,433 Number of Loans: 74 Number of Loans: 28 PurposeNumber Percentage PurposeNumber Percentage PurposeNumber Percentage PurposeNumber Percentage Cash-out refinance 3,156 41.9% Cash-out refinance 3,116 41.9% Cash-out refinance 26 35.1% Cash-out refinance 14 50.0% Purchase 4,264 56.6% Purchase 4,202 56.5% Purchase 48 64.9% Purchase 14 50.0% Rate/term 115 1.5% Rate/term 115 1.5% Rate/term 0 0.0% Rate/term 0 0.0% Home 0 0.0% Home 0 0.0% Home 0 0.0% Home 0 0.0% Other 0 0.0% Other 0 0.0% Other 0 0.0% Other 0 0.0% Total 7,535 100% Total 7,433 100% Total 74 100% Total 28 100% Fremont 2004-3 Ownership Distribution by Status Mortgage Data Through: October 31, 2004 Ownership Type Delinquency Percentage Investment Home Current 0.071 Investment Home Delinquent 0.095 Investment Home Paid Off 0.143 Primary Home Current 0.917 Primary Home Delinquent 0.892 Primary Home Paid Off 0.857 Second Home Current 0.012 Second Home Delinquent 0.014 Title # of Loans Investment Home 542 Primary Home 6,905 Second Home 88 Total: 7,535 Delinquent Balance Fremont 2004-3 Delinquent Balance Over Time Mortgage Data Through: October 31, 2004 Total Balance in Status AsOfDate 30 Days60 Days90 DaysForeclosure REO 31-Oct-04 $11,087,560 $582,896 $0 - - Delinquent Count Fremont 2004-3 Delinquent Count Over Time Mortgage Data Through: October 31, 2004 Total Count in Status AsOfDate 30 Days60 Days90 DaysForeclosure REO 31-Oct-04 69 5 0 0 0 c 2004 The Murrayhill Company.All Rights Reserved.
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