-----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, GRQYAv+XJ/6hsqZt6gCzKEOJ6J0JCLwASYga/NttCllFZD0WXFz61wBmQ3se9uCJ sVK9brE+pd3ElzoO0rIsug== 0001056404-05-000386.txt : 20050107 0001056404-05-000386.hdr.sgml : 20050107 20050107142743 ACCESSION NUMBER: 0001056404-05-000386 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: 20050107 DATE AS OF CHANGE: 20050107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Merrill Lynch Mortgage Investors Trust, Series 2004-WMC5 CENTRAL INDEX KEY: 0001307262 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-112231-29 FILM NUMBER: 05517934 BUSINESS ADDRESS: STREET 1: 4LD FINANCIAL CENTER FLOOR 10 CITY: NEW YORK STATE: NY ZIP: 10281-1310 BUSINESS PHONE: 2124491000 MAIL ADDRESS: STREET 1: WORLD FINANCIAL CTR N TOWER STREET 2: 250 VESEY ST 10TH FL CITY: NEW YORK STATE: NY ZIP: 10281-1310 8-K 1 mlm04wm5_dec.txt DECEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 27, 2004 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2004-WM5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-29 54-2162621 Pooling and Servicing Agreement) (Commission 54-2162622 (State or other File Number) 54-6643825 jurisdiction 54-6643826 of Incorporation) IRS EIN 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 MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Loan Asset-Backed Certificates, Series 2004-WM5 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2004-WM5 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. MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2004-WM5 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: 1/5/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2004-WM5 Trust, relating to the December 27, 2004 distribution. EX-99.1
Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset-Backed Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset-Backed Certificates Series 2004-WM5 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 R 59020UMS1 RES 2.47000% 0.00 0.00 0.00 A1A 59020UMA0 SEN 2.47000% 1,060,465,675.41 2,255,551.58 39,753,015.81 A2A 59020UMB8 SEN 2.55000% 142,347,798.53 312,572.04 4,445,235.15 A2B1 59020UMC6 SEN 2.36000% 320,067,735.04 650,448.76 19,364,185.18 A2B2 59020UMD4 SEN 2.53000% 227,204,000.00 494,989.16 0.00 A2B3 59020UME2 SEN 2.73000% 72,819,000.00 171,185.33 0.00 M1 59020UMF9 MEZ 2.80000% 67,527,000.00 162,815.10 0.00 M2 59020UMG7 MEZ 2.86000% 61,706,000.00 151,968.17 0.00 M3 59020UMH5 MEZ 2.97000% 39,585,000.00 101,238.64 0.00 M4 59020UMJ1 MEZ 3.23000% 34,928,000.00 97,148.35 0.00 M5 59020UMK8 MEZ 3.33000% 32,599,000.00 93,477.63 0.00 M6 59020UML6 MEZ 3.48000% 31,435,000.00 94,200.22 0.00 B1 59020UMM4 SUB 4.03000% 26,778,000.00 92,927.10 0.00 B2 59020UMN2 SUB 4.13000% 23,285,000.00 82,810.52 0.00 B3 59020UMP7 SUB 5.38000% 23,285,000.00 107,874.23 0.00 B4 59020UMQ5 SUB 5.68000% 23,285,000.00 113,889.52 0.00 B5 59020UMR3 SUB 5.68000% 23,285,000.00 113,889.52 0.00 P 59020UMU6 P 0.00000% 0.00 1,048,847.07 0.00 C 59020UMT9 OC 0.00000% 43,078,178.00 6,565,875.13 0.00 Totals 2,253,680,386.98 12,711,708.07 63,562,436.14
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 A1A 0.00 1,020,712,659.60 42,008,567.39 0.00 A2A 0.00 137,902,563.38 4,757,807.19 0.00 A2B1 0.00 300,703,549.85 20,014,633.94 0.00 A2B2 0.00 227,204,000.00 494,989.16 0.00 A2B3 0.00 72,819,000.00 171,185.33 0.00 M1 0.00 67,527,000.00 162,815.10 0.00 M2 0.00 61,706,000.00 151,968.17 0.00 M3 0.00 39,585,000.00 101,238.64 0.00 M4 0.00 34,928,000.00 97,148.35 0.00 M5 0.00 32,599,000.00 93,477.63 0.00 M6 0.00 31,435,000.00 94,200.22 0.00 B1 0.00 26,778,000.00 92,927.10 0.00 B2 0.00 23,285,000.00 82,810.52 0.00 B3 0.00 23,285,000.00 107,874.23 0.00 B4 0.00 23,285,000.00 113,889.52 0.00 B5 0.00 23,285,000.00 113,889.52 0.00 P 0.00 0.00 1,048,847.07 0.00 C 0.00 43,078,178.00 6,565,875.13 0.00 Totals 0.00 2,190,117,950.83 76,274,144.21 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) R 100.00 0.00 0.00 0.00 0.00 0.00 100.00 0.00 0.00 0.00 0.00 0.00 A1A 1,094,343,000.00 1,060,465,675.41 0.00 39,753,015.81 0.00 0.00 A2A 150,000,000.00 142,347,798.53 0.00 4,445,235.15 0.00 0.00 A2B1 353,402,000.00 320,067,735.04 0.00 19,364,185.18 0.00 0.00 A2B2 227,204,000.00 227,204,000.00 0.00 0.00 0.00 0.00 A2B3 72,819,000.00 72,819,000.00 0.00 0.00 0.00 0.00 M1 67,527,000.00 67,527,000.00 0.00 0.00 0.00 0.00 M2 61,706,000.00 61,706,000.00 0.00 0.00 0.00 0.00 M3 39,585,000.00 39,585,000.00 0.00 0.00 0.00 0.00 M4 34,928,000.00 34,928,000.00 0.00 0.00 0.00 0.00 M5 32,599,000.00 32,599,000.00 0.00 0.00 0.00 0.00 M6 31,435,000.00 31,435,000.00 0.00 0.00 0.00 0.00 B1 26,778,000.00 26,778,000.00 0.00 0.00 0.00 0.00 B2 23,285,000.00 23,285,000.00 0.00 0.00 0.00 0.00 B3 23,285,000.00 23,285,000.00 0.00 0.00 0.00 0.00 B4 23,285,000.00 23,285,000.00 0.00 0.00 0.00 0.00 B5 23,285,000.00 23,285,000.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 C 43,084,039.48 43,078,178.00 0.00 0.00 0.00 0.00 43,084,039.48 43,078,178.00 0.00 0.00 0.00 0.00 Totals 2,371,634,278.96 2,296,758,564.98 0.00 63,562,436.14 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 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 A1A 39,753,015.81 1,020,712,659.60 0.93271731 39,753,015.81 A2A 4,445,235.15 137,902,563.38 0.91935042 4,445,235.15 A2B1 19,364,185.18 300,703,549.85 0.85088242 19,364,185.18 A2B2 0.00 227,204,000.00 1.00000000 0.00 A2B3 0.00 72,819,000.00 1.00000000 0.00 M1 0.00 67,527,000.00 1.00000000 0.00 M2 0.00 61,706,000.00 1.00000000 0.00 M3 0.00 39,585,000.00 1.00000000 0.00 M4 0.00 34,928,000.00 1.00000000 0.00 M5 0.00 32,599,000.00 1.00000000 0.00 M6 0.00 31,435,000.00 1.00000000 0.00 B1 0.00 26,778,000.00 1.00000000 0.00 B2 0.00 23,285,000.00 1.00000000 0.00 B3 0.00 23,285,000.00 1.00000000 0.00 B4 0.00 23,285,000.00 1.00000000 0.00 B5 0.00 23,285,000.00 1.00000000 0.00 P 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 C 0.00 43,078,178.00 0.99986395 0.00 C 0.00 43,078,178.00 0.99986395 0.00 Totals 63,562,436.14 2,233,196,128.83 0.94162753 63,562,436.14
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A1A 1,094,343,000.00 969.04322997 0.00000000 36.32591958 0.00000000 A2A 150,000,000.00 948.98532353 0.00000000 29.63490100 0.00000000 A2B1 353,402,000.00 905.67607156 0.00000000 54.79364910 0.00000000 A2B2 227,204,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A2B3 72,819,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 67,527,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 61,706,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 39,585,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 34,928,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 32,599,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 31,435,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 26,778,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 23,285,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 23,285,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B4 23,285,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B5 23,285,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 C 43,084,039.48 999.86395240 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1A 0.00000000 36.32591958 932.71731039 0.93271731 36.32591958 A2A 0.00000000 29.63490100 919.35042253 0.91935042 29.63490100 A2B1 0.00000000 54.79364910 850.88242243 0.85088242 54.79364910 A2B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A2B3 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 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 999.86395240 0.99986395 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 R 100.00 2.47000% 0.00 0.00 0.00 0.00 A1A 1,094,343,000.00 2.47000% 1,060,465,675.41 2,255,551.58 0.00 0.00 A2A 150,000,000.00 2.55000% 142,347,798.53 312,572.04 0.00 0.00 A2B1 353,402,000.00 2.36000% 320,067,735.04 650,448.76 0.00 0.00 A2B2 227,204,000.00 2.53000% 227,204,000.00 494,989.16 0.00 0.00 A2B3 72,819,000.00 2.73000% 72,819,000.00 171,185.33 0.00 0.00 M1 67,527,000.00 2.80000% 67,527,000.00 162,815.10 0.00 0.00 M2 61,706,000.00 2.86000% 61,706,000.00 151,968.17 0.00 0.00 M3 39,585,000.00 2.97000% 39,585,000.00 101,238.64 0.00 0.00 M4 34,928,000.00 3.23000% 34,928,000.00 97,148.35 0.00 0.00 M5 32,599,000.00 3.33000% 32,599,000.00 93,477.63 0.00 0.00 M6 31,435,000.00 3.48000% 31,435,000.00 94,200.22 0.00 0.00 B1 26,778,000.00 4.03000% 26,778,000.00 92,927.10 0.00 0.00 B2 23,285,000.00 4.13000% 23,285,000.00 82,810.52 0.00 0.00 B3 23,285,000.00 5.38000% 23,285,000.00 107,874.23 0.00 0.00 B4 23,285,000.00 5.68000% 23,285,000.00 113,889.52 0.00 0.00 B5 23,285,000.00 5.68000% 23,285,000.00 113,889.52 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 C 43,084,039.48 0.00000% 43,078,178.00 0.00 0.00 0.00 Totals 2,328,550,139.48 5,096,985.87 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 R 0.00 0.00 0.00 0.00 0.00 A1A 0.00 0.00 2,255,551.58 0.00 1,020,712,659.60 A2A 0.00 0.00 312,572.04 0.00 137,902,563.38 A2B1 0.00 0.00 650,448.76 0.00 300,703,549.85 A2B2 0.00 0.00 494,989.16 0.00 227,204,000.00 A2B3 0.00 0.00 171,185.33 0.00 72,819,000.00 M1 0.00 0.00 162,815.10 0.00 67,527,000.00 M2 0.00 0.00 151,968.17 0.00 61,706,000.00 M3 0.00 0.00 101,238.64 0.00 39,585,000.00 M4 0.00 0.00 97,148.35 0.00 34,928,000.00 M5 0.00 0.00 93,477.63 0.00 32,599,000.00 M6 0.00 0.00 94,200.22 0.00 31,435,000.00 B1 0.00 0.00 92,927.10 0.00 26,778,000.00 B2 0.00 0.00 82,810.52 0.00 23,285,000.00 B3 0.00 0.00 107,874.23 0.00 23,285,000.00 B4 0.00 0.00 113,889.52 0.00 23,285,000.00 B5 0.00 0.00 113,889.52 0.00 23,285,000.00 P 0.00 0.00 1,048,847.07 0.00 0.00 C 0.00 0.00 6,565,875.13 0.00 43,078,178.00 Totals 0.00 0.00 12,711,708.07 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 R 100.00 2.47000% 0.00000000 0.00000000 0.00000000 0.00000000 A1A 1,094,343,000.00 2.47000% 969.04322997 2.06110112 0.00000000 0.00000000 A2A 150,000,000.00 2.55000% 948.98532353 2.08381360 0.00000000 0.00000000 A2B1 353,402,000.00 2.36000% 905.67607156 1.84053503 0.00000000 0.00000000 A2B2 227,204,000.00 2.53000% 1000.00000000 2.17861112 0.00000000 0.00000000 A2B3 72,819,000.00 2.73000% 1000.00000000 2.35083330 0.00000000 0.00000000 M1 67,527,000.00 2.80000% 1000.00000000 2.41111111 0.00000000 0.00000000 M2 61,706,000.00 2.86000% 1000.00000000 2.46277785 0.00000000 0.00000000 M3 39,585,000.00 2.97000% 1000.00000000 2.55750006 0.00000000 0.00000000 M4 34,928,000.00 3.23000% 1000.00000000 2.78138886 0.00000000 0.00000000 M5 32,599,000.00 3.33000% 1000.00000000 2.86749992 0.00000000 0.00000000 M6 31,435,000.00 3.48000% 1000.00000000 2.99666677 0.00000000 0.00000000 B1 26,778,000.00 4.03000% 1000.00000000 3.47027784 0.00000000 0.00000000 B2 23,285,000.00 4.13000% 1000.00000000 3.55638909 0.00000000 0.00000000 B3 23,285,000.00 5.38000% 1000.00000000 4.63277775 0.00000000 0.00000000 B4 23,285,000.00 5.68000% 1000.00000000 4.89111102 0.00000000 0.00000000 B5 23,285,000.00 5.68000% 1000.00000000 4.89111102 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 43,084,039.48 0.00000% 999.86395240 0.00000000 0.00000000 0.00000000 (5) Per $1 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1A 0.00000000 0.00000000 2.06110112 0.00000000 932.71731039 A2A 0.00000000 0.00000000 2.08381360 0.00000000 919.35042253 A2B1 0.00000000 0.00000000 1.84053503 0.00000000 850.88242243 A2B2 0.00000000 0.00000000 2.17861112 0.00000000 1000.00000000 A2B3 0.00000000 0.00000000 2.35083330 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.41111111 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.46277785 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.55750006 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.78138886 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.86749992 0.00000000 1000.00000000 M6 0.00000000 0.00000000 2.99666677 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.47027784 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.55638909 0.00000000 1000.00000000 B3 0.00000000 0.00000000 4.63277775 0.00000000 1000.00000000 B4 0.00000000 0.00000000 4.89111102 0.00000000 1000.00000000 B5 0.00000000 0.00000000 4.89111102 0.00000000 1000.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 152.39692492 0.00000000 999.86395240 (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 76,143,677.69 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 241,513.13 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 1,048,847.07 Total Deposits 77,434,037.89 Withdrawals Reimbursement for Servicer Advances 220,860.19 Payment of Service Fee 939,033.49 Payment of Interest and Principal 76,274,144.21 Total Withdrawals (Pool Distribution Amount) 77,434,037.89 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 939,033.49 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 939,033.49
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 28 0 0 28 3,187,556.18 0.00 0.00 3,187,556.18 30 Days 137 3 0 0 140 22,522,145.96 618,336.95 0.00 0.00 23,140,482.91 60 Days 63 3 3 0 69 10,157,363.51 124,734.64 735,594.63 0.00 11,017,692.78 90 Days 9 1 12 0 22 857,436.06 128,730.92 1,972,299.30 0.00 2,958,466.28 120 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 209 35 15 0 259 33,536,945.53 4,059,358.69 2,707,893.93 0.00 40,304,198.15 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 0.228404% 0.000000% 0.000000% 0.228404% 0.145543% 0.000000% 0.000000% 0.145543% 30 Days 1.117546% 0.024472% 0.000000% 0.000000% 1.142018% 1.028353% 0.028233% 0.000000% 0.000000% 1.056586% 60 Days 0.513908% 0.024472% 0.024472% 0.000000% 0.562852% 0.463782% 0.005695% 0.033587% 0.000000% 0.503064% 90 Days 0.073415% 0.008157% 0.097887% 0.000000% 0.179460% 0.039150% 0.005878% 0.090054% 0.000000% 0.135083% 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 1.704870% 0.285505% 0.122359% 0.000000% 2.112734% 1.531285% 0.185349% 0.123641% 0.000000% 1.840275%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP ONE - FIXED 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 8 0 0 8 640,256.34 0.00 0.00 640,256.34 30 Days 27 0 0 0 27 1,860,356.24 0.00 0.00 0.00 1,860,356.24 60 Days 17 2 0 0 19 939,335.61 50,886.28 0.00 0.00 990,221.89 90 Days 4 0 2 0 6 158,668.55 0.00 143,919.89 0.00 302,588.44 120 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 48 10 2 0 60 2,958,360.40 691,142.62 143,919.89 0.00 3,793,422.91 0-29 Days 0.218103% 0.000000% 0.000000% 0.218103% 0.165228% 0.000000% 0.000000% 0.165228% 30 Days 0.736096% 0.000000% 0.000000% 0.000000% 0.736096% 0.480093% 0.000000% 0.000000% 0.000000% 0.480093% 60 Days 0.463468% 0.054526% 0.000000% 0.000000% 0.517993% 0.242410% 0.013132% 0.000000% 0.000000% 0.255542% 90 Days 0.109051% 0.000000% 0.054526% 0.000000% 0.163577% 0.040947% 0.000000% 0.037141% 0.000000% 0.078088% 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 1.308615% 0.272628% 0.054526% 0.000000% 1.635769% 0.763450% 0.178360% 0.037141% 0.000000% 0.978950% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP ONE - ARM 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 15 0 0 15 1,974,019.04 0.00 0.00 1,974,019.04 30 Days 62 1 0 0 63 11,411,198.44 183,009.75 0.00 0.00 11,594,208.19 60 Days 22 1 1 0 24 4,563,124.80 73,848.36 114,252.45 0.00 4,751,225.61 90 Days 3 1 6 0 10 275,919.94 128,730.92 763,532.78 0.00 1,168,183.64 120 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 87 18 7 0 112 16,250,243.18 2,359,608.07 877,785.23 0.00 19,487,636.48 0-29 Days 0.324394% 0.000000% 0.000000% 0.324394% 0.223908% 0.000000% 0.000000% 0.223908% 30 Days 1.340830% 0.021626% 0.000000% 0.000000% 1.362457% 1.294343% 0.020758% 0.000000% 0.000000% 1.315101% 60 Days 0.475779% 0.021626% 0.021626% 0.000000% 0.519031% 0.517583% 0.008376% 0.012959% 0.000000% 0.538919% 90 Days 0.064879% 0.021626% 0.129758% 0.000000% 0.216263% 0.031297% 0.014602% 0.086606% 0.000000% 0.132504% 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 1.881488% 0.389273% 0.151384% 0.000000% 2.422145% 1.843223% 0.267644% 0.099565% 0.000000% 2.210432% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP TWO - FIXED 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 3 0 0 3 153,447.86 0.00 0.00 153,447.86 30 Days 17 0 0 0 17 1,824,360.89 0.00 0.00 0.00 1,824,360.89 60 Days 11 0 0 0 11 1,337,038.91 0.00 0.00 0.00 1,337,038.91 90 Days 1 0 2 0 3 85,857.76 0.00 289,223.62 0.00 375,081.38 120 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 29 3 2 0 34 3,247,257.56 153,447.86 289,223.62 0.00 3,689,929.04 0-29 Days 0.158311% 0.000000% 0.000000% 0.158311% 0.054820% 0.000000% 0.000000% 0.054820% 30 Days 0.897098% 0.000000% 0.000000% 0.000000% 0.897098% 0.651760% 0.000000% 0.000000% 0.000000% 0.651760% 60 Days 0.580475% 0.000000% 0.000000% 0.000000% 0.580475% 0.477662% 0.000000% 0.000000% 0.000000% 0.477662% 90 Days 0.052770% 0.000000% 0.105541% 0.000000% 0.158311% 0.030673% 0.000000% 0.103326% 0.000000% 0.133999% 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 1.530343% 0.158311% 0.105541% 0.000000% 1.794195% 1.160096% 0.054820% 0.103326% 0.000000% 1.318242% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP TWO - ARM 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 2 0 0 2 419,832.94 0.00 0.00 419,832.94 30 Days 31 2 0 0 33 7,426,230.39 435,327.20 0.00 0.00 7,861,557.59 60 Days 13 0 2 0 15 3,317,864.19 0.00 621,342.18 0.00 3,939,206.37 90 Days 1 0 2 0 3 336,989.81 0.00 775,623.01 0.00 1,112,612.82 120 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 45 4 4 0 53 11,081,084.39 855,160.14 1,396,965.19 0.00 13,333,209.72 0-29 Days 0.096525% 0.000000% 0.000000% 0.096525% 0.065488% 0.000000% 0.000000% 0.065488% 30 Days 1.496139% 0.096525% 0.000000% 0.000000% 1.592664% 1.158385% 0.067905% 0.000000% 0.000000% 1.226289% 60 Days 0.627413% 0.000000% 0.096525% 0.000000% 0.723938% 0.517539% 0.000000% 0.096920% 0.000000% 0.614459% 90 Days 0.048263% 0.000000% 0.096525% 0.000000% 0.144788% 0.052566% 0.000000% 0.120986% 0.000000% 0.173552% 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 2.171815% 0.193050% 0.193050% 0.000000% 2.557915% 1.728489% 0.133393% 0.217906% 0.000000% 2.079788%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 241,513.13
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.710035% Weighted Average Net Coupon 6.210035% Weighted Average Pass-Through Rate 6.210035% Weighted Average Maturity(Stepdown Calculation ) 337 Beginning Scheduled Collateral Loan Count 12,568 Number Of Loans Paid In Full 309 Ending Scheduled Collateral Loan Count 12,259 Beginning Scheduled Collateral Balance 2,253,680,386.98 Ending Scheduled Collateral Balance 2,190,117,950.84 Ending Actual Collateral Balance at 30-Nov-2004 2,190,117,950.84 Monthly P &I Constant 14,397,933.68 Special Servicing Fee 0.00 Prepayment Penalties 1,048,847.07 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,792,453.18 Unscheduled Principal 61,769,982.96
Miscellaneous Reporting Specified O/C Amount 43,078,178.00 Overcollateralization Increase Amount 0.00 Overcollateralization Reduction Amount 0.00 Excess Cash Amount 6,565,875.14 Extra Principal Distribution 0.00 Overcollateralization Amount 43,078,178.00 Overcollateralization Deficiency Amount 0.00 Number of Loans with PPP received 201 Cumulative Prepayment Penalties 1,630,569.48 Trigger Event Occurring? NO
Group Level Collateral Statement Group GROUP ONE - FIXED GROUP ONE - ARM GROUP TWO - FIXED Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.348209 6.464060 7.736627 Weighted Average Net Rate 6.848209 5.964060 7.236627 Weighted Average Maturity 340 340 333 Beginning Loan Count 3,740 4,769 1,938 Loans Paid In Full 72 145 43 Ending Loan Count 3,668 4,624 1,895 Beginning Scheduled Balance 395,029,549.09 913,843,470.58 285,209,963.16 Ending scheduled Balance 387,498,953.36 881,621,050.50 279,912,893.32 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 2,807,873.10 5,650,662.95 2,092,041.56 Scheduled Principal 388,906.54 728,046.82 253,238.91 Unscheduled Principal 7,141,689.19 31,494,373.26 5,043,830.93 Scheduled Interest 2,418,966.56 4,922,616.13 1,838,802.65 Servicing Fees 164,595.65 380,768.11 118,837.48 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 2,254,370.91 4,541,848.02 1,719,965.17 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 6.848209 5.964060 7.236627
Group Level Collateral Statement Group GROUP TWO - ARM Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.231247 6.710035 Weighted Average Net Rate 5.731247 6.210035 Weighted Average Maturity 333 337 Beginning Loan Count 2,121 12,568 Loans Paid In Full 49 309 Ending Loan Count 2,072 12,259 Beginning Scheduled Balance 659,597,404.15 2,253,680,386.98 Ending scheduled Balance 641,085,053.66 2,190,117,950.84 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 3,847,356.07 14,397,933.68 Scheduled Principal 422,260.91 1,792,453.18 Unscheduled Principal 18,090,089.58 61,769,982.96 Scheduled Interest 3,425,095.16 12,605,480.50 Servicing Fees 274,832.25 939,033.49 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 3,150,262.91 11,666,447.01 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 5.731247 6.210035
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