-----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, E5oo8Le6EbqUgieYFPyDo4dmMQo7zPxp9a8dhalqJ5aJ2zJwROk0UzmQWeD/MyzH mGdq83k//E32pLFqvjitEQ== 0001056404-05-000374.txt : 20050106 0001056404-05-000374.hdr.sgml : 20050106 20050106162518 ACCESSION NUMBER: 0001056404-05-000374 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: 20050106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTR Adjustable Rate Mortgages Trust 2004-12 CENTRAL INDEX KEY: 0001307449 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: 333-106982-47 FILM NUMBER: 05515966 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 mam04012_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 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-12 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-47 54-2162604 Pooling and Servicing Agreement) (Commission 54-2162605 (State or other File Number) 54-6643077 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2004 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2004-12 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 2004-12 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. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-12 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/4/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-12 Trust, relating to the December 27, 2004 distribution. EX-99.1
MASTR Adjustable Rate Mortgages Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 MASTR Adjustable Rate Mortgages Trust Mortgage Pass-Through Certificates Series 2004-12 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 1-A1 576433TN6 SEN 4.94745% 31,044,639.31 127,993.14 87,629.70 2-A1 576433TP1 SEN 5.00000% 56,171,557.26 234,047.91 1,304,645.30 3-A1 576433TQ9 SEN 4.55895% 118,352,123.60 449,634.27 1,369,687.97 4-A1 576433TR7 SEN 4.95667% 53,772,549.21 222,110.82 25,262.01 5-A1 576433UC8 SEN 4.57135% 44,824,222.90 170,755.94 108,999.95 A-C1 576433TS5 SEN 4.68318% 4,413,152.89 17,223.00 35,767.53 A-LR 576433TT3 SEN 4.94719% 0.00 0.00 0.00 A-R 576433TX4 SEN 4.94719% 0.00 0.00 0.00 B-1 576433TU0 SUB 4.75037% 7,580,730.38 30,009.39 3,254.22 B-2 576433TV8 SUB 4.75037% 4,285,151.78 16,963.38 1,839.51 B-3 576433TW6 SUB 4.75037% 988,573.62 3,913.41 424.37 B-4 576433TY2 SUB 4.75037% 1,812,218.38 7,173.92 777.94 B-5 576433TZ9 SUB 4.75037% 1,318,431.35 5,219.20 565.97 B-6 576433UA2 SUB 4.75037% 824,661.29 3,264.54 354.01 P SEN 0.00000% 0.01 0.00 0.00 Totals 325,388,011.98 1,288,308.92 2,939,208.48
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 30,957,009.61 215,622.84 0.00 2-A1 0.00 54,866,911.96 1,538,693.21 0.00 3-A1 0.00 116,982,435.63 1,819,322.24 0.00 4-A1 0.00 53,747,287.20 247,372.83 0.00 5-A1 0.00 44,715,222.95 279,755.89 0.00 A-C1 0.00 4,377,385.36 52,990.53 0.00 A-LR 0.00 0.00 0.00 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 7,577,476.16 33,263.61 0.00 B-2 0.00 4,283,312.28 18,802.89 0.00 B-3 0.00 988,149.25 4,337.78 0.00 B-4 0.00 1,811,440.44 7,951.86 0.00 B-5 0.00 1,317,865.38 5,785.17 0.00 B-6 0.00 824,307.28 3,618.55 0.00 P 0.00 0.01 0.00 0.00 Totals 0.00 322,448,803.51 4,227,517.40 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) 1-A1 31,072,000.00 31,044,639.31 26,976.87 60,652.83 0.00 0.00 2-A1 56,175,000.00 56,171,557.26 1,074.26 1,303,571.04 0.00 0.00 3-A1 120,940,000.00 118,352,123.60 62,041.95 1,307,646.02 0.00 0.00 4-A1 55,118,000.00 53,772,549.21 15,275.58 9,986.43 0.00 0.00 5-A1 45,094,000.00 44,824,222.90 25,028.86 83,971.09 0.00 0.00 A-C1 4,514,000.00 4,413,152.89 1,982.41 33,785.12 0.00 0.00 A-LR 50.00 0.00 0.00 0.00 0.00 0.00 A-R 50.00 0.00 0.00 0.00 0.00 0.00 B-1 7,584,000.00 7,580,730.38 3,254.22 0.00 0.00 0.00 B-2 4,287,000.00 4,285,151.78 1,839.51 0.00 0.00 0.00 B-3 989,000.00 988,573.62 424.37 0.00 0.00 0.00 B-4 1,813,000.00 1,812,218.38 777.94 0.00 0.00 0.00 B-5 1,319,000.00 1,318,431.35 565.97 0.00 0.00 0.00 B-6 825,016.98 824,661.29 354.01 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 Totals 329,730,116.99 325,388,011.98 139,595.95 2,799,612.53 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 1-A1 87,629.70 30,957,009.61 0.99629923 87,629.70 2-A1 1,304,645.30 54,866,911.96 0.97671405 1,304,645.30 3-A1 1,369,687.97 116,982,435.63 0.96727663 1,369,687.97 4-A1 25,262.01 53,747,287.20 0.97513130 25,262.01 5-A1 108,999.95 44,715,222.95 0.99160028 108,999.95 A-C1 35,767.53 4,377,385.36 0.96973535 35,767.53 A-LR 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 3,254.22 7,577,476.16 0.99913979 3,254.22 B-2 1,839.51 4,283,312.28 0.99913979 1,839.51 B-3 424.37 988,149.25 0.99913979 424.37 B-4 777.94 1,811,440.44 0.99913979 777.94 B-5 565.97 1,317,865.38 0.99913979 565.97 B-6 354.01 824,307.28 0.99913978 354.01 P 0.00 0.01 1.00000000 0.00 Totals 2,939,208.48 322,448,803.51 0.97791735 2,939,208.48
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 31,072,000.00 999.11944226 0.86820514 1.95200920 0.00000000 2-A1 56,175,000.00 999.93871402 0.01912345 23.20553698 0.00000000 3-A1 120,940,000.00 978.60198115 0.51299777 10.81235340 0.00000000 4-A1 55,118,000.00 975.58962970 0.27714322 0.18118274 0.00000000 5-A1 45,094,000.00 994.01745022 0.55503748 1.86213443 0.00000000 A-C1 4,514,000.00 977.65903633 0.43916925 7.48451927 0.00000000 A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,584,000.00 999.56887922 0.42909019 0.00000000 0.00000000 B-2 4,287,000.00 999.56887800 0.42909027 0.00000000 0.00000000 B-3 989,000.00 999.56887765 0.42908999 0.00000000 0.00000000 B-4 1,813,000.00 999.56888031 0.42908991 0.00000000 0.00000000 B-5 1,319,000.00 999.56887794 0.42909022 0.00000000 0.00000000 B-6 825,016.98 999.56886948 0.42909420 0.00000000 0.00000000 P 0.01 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 1-A1 0.00000000 2.82021434 996.29922792 0.99629923 2.82021434 2-A1 0.00000000 23.22466044 976.71405358 0.97671405 23.22466044 3-A1 0.00000000 11.32535117 967.27662998 0.96727663 11.32535117 4-A1 0.00000000 0.45832596 975.13130375 0.97513130 0.45832596 5-A1 0.00000000 2.41717191 991.60027831 0.99160028 2.41717191 A-C1 0.00000000 7.92368852 969.73534781 0.96973535 7.92368852 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.42909019 999.13978903 0.99913979 0.42909019 B-2 0.00000000 0.42909027 999.13979006 0.99913979 0.42909027 B-3 0.00000000 0.42908999 999.13978766 0.99913979 0.42908999 B-4 0.00000000 0.42908991 999.13979040 0.99913979 0.42908991 B-5 0.00000000 0.42909022 999.13978772 0.99913979 0.42909022 B-6 0.00000000 0.42909420 999.13977528 0.99913978 0.42909420 P 0.00000000 0.00000000 0.00000000 1.00000000 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 1-A1 31,072,000.00 4.94745% 31,044,639.31 127,993.14 0.00 0.00 2-A1 56,175,000.00 5.00000% 56,171,557.26 234,047.91 0.00 0.00 3-A1 120,940,000.00 4.55895% 118,352,123.60 449,634.27 0.00 0.00 4-A1 55,118,000.00 4.95667% 53,772,549.21 222,110.82 0.00 0.00 5-A1 45,094,000.00 4.57135% 44,824,222.90 170,755.94 0.00 0.00 A-C1 4,514,000.00 4.68318% 4,413,152.89 17,223.00 0.00 0.00 A-LR 50.00 4.94719% 0.00 0.00 0.00 0.00 A-R 50.00 4.94719% 0.00 0.00 0.00 0.00 B-1 7,584,000.00 4.75037% 7,580,730.38 30,009.39 0.00 0.00 B-2 4,287,000.00 4.75037% 4,285,151.78 16,963.38 0.00 0.00 B-3 989,000.00 4.75037% 988,573.62 3,913.41 0.00 0.00 B-4 1,813,000.00 4.75037% 1,812,218.38 7,173.92 0.00 0.00 B-5 1,319,000.00 4.75037% 1,318,431.35 5,219.20 0.00 0.00 B-6 825,016.98 4.75037% 824,661.29 3,264.54 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 Totals 329,730,116.99 1,288,308.92 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 1-A1 0.00 0.00 127,993.14 0.00 30,957,009.61 2-A1 0.00 0.00 234,047.91 0.00 54,866,911.96 3-A1 0.00 0.00 449,634.27 0.00 116,982,435.63 4-A1 0.00 0.00 222,110.82 0.00 53,747,287.20 5-A1 0.00 0.00 170,755.94 0.00 44,715,222.95 A-C1 0.00 0.00 17,223.00 0.00 4,377,385.36 A-LR 0.00 0.00 0.00 0.00 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 30,009.39 0.00 7,577,476.16 B-2 0.00 0.00 16,963.38 0.00 4,283,312.28 B-3 0.00 0.00 3,913.41 0.00 988,149.25 B-4 0.00 0.00 7,173.92 0.00 1,811,440.44 B-5 0.00 0.00 5,219.20 0.00 1,317,865.38 B-6 0.00 0.00 3,264.54 0.00 824,307.28 P 0.00 0.00 0.00 0.00 0.01 Totals 0.00 0.00 1,288,308.92 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 1-A1 31,072,000.00 4.94745% 999.11944226 4.11924369 0.00000000 0.00000000 2-A1 56,175,000.00 5.00000% 999.93871402 4.16640694 0.00000000 0.00000000 3-A1 120,940,000.00 4.55895% 978.60198115 3.71782925 0.00000000 0.00000000 4-A1 55,118,000.00 4.95667% 975.58962970 4.02973294 0.00000000 0.00000000 5-A1 45,094,000.00 4.57135% 994.01745022 3.78666652 0.00000000 0.00000000 A-C1 4,514,000.00 4.68318% 977.65903633 3.81546300 0.00000000 0.00000000 A-LR 50.00 4.94719% 0.00000000 0.00000000 0.00000000 0.00000000 A-R 50.00 4.94719% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,584,000.00 4.75037% 999.56887922 3.95693434 0.00000000 0.00000000 B-2 4,287,000.00 4.75037% 999.56887800 3.95693492 0.00000000 0.00000000 B-3 989,000.00 4.75037% 999.56887765 3.95693630 0.00000000 0.00000000 B-4 1,813,000.00 4.75037% 999.56888031 3.95693326 0.00000000 0.00000000 B-5 1,319,000.00 4.75037% 999.56887794 3.95693707 0.00000000 0.00000000 B-6 825,016.98 4.75037% 999.56886948 3.95693674 0.00000000 0.00000000 P 0.01 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 1-A1 0.00000000 0.00000000 4.11924369 0.00000000 996.29922792 2-A1 0.00000000 0.00000000 4.16640694 0.00000000 976.71405358 3-A1 0.00000000 0.00000000 3.71782925 0.00000000 967.27662998 4-A1 0.00000000 0.00000000 4.02973294 0.00000000 975.13130375 5-A1 0.00000000 0.00000000 3.78666652 0.00000000 991.60027831 A-C1 0.00000000 0.00000000 3.81546300 0.00000000 969.73534781 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.95693434 0.00000000 999.13978903 B-2 0.00000000 0.00000000 3.95693492 0.00000000 999.13979006 B-3 0.00000000 0.00000000 3.95693630 0.00000000 999.13978766 B-4 0.00000000 0.00000000 3.95693326 0.00000000 999.13979040 B-5 0.00000000 0.00000000 3.95693707 0.00000000 999.13978772 B-6 0.00000000 0.00000000 3.95693674 0.00000000 999.13977528 P 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 4,294,942.69 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 6,199.38 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4,301,142.07 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 73,624.67 Payment of Interest and Principal 4,227,517.40 Total Withdrawals (Pool Distribution Amount) 4,301,142.07 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 73,596.15 WMMSC Master Servicing Fee 28.52 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 73,624.67
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 5 0 0 0 5 1,438,200.00 0.00 0.00 0.00 1,438,200.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5 0 0 0 5 1,438,200.00 0.00 0.00 0.00 1,438,200.00 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.606796% 0.000000% 0.000000% 0.000000% 0.606796% 0.445873% 0.000000% 0.000000% 0.000000% 0.445873% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.606796% 0.000000% 0.000000% 0.000000% 0.606796% 0.445873% 0.000000% 0.000000% 0.000000% 0.445873%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 2 0 0 0 2 528,600.00 0.00 0.00 0.00 528,600.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 528,600.00 0.00 0.00 0.00 528,600.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.834862% 0.000000% 0.000000% 0.000000% 1.834862% 1.619183% 0.000000% 0.000000% 0.000000% 1.619183% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.834862% 0.000000% 0.000000% 0.000000% 1.834862% 1.619183% 0.000000% 0.000000% 0.000000% 1.619183% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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 2 0 0 0 2 645,600.00 0.00 0.00 0.00 645,600.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 645,600.00 0.00 0.00 0.00 645,600.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.587302% 0.000000% 0.000000% 0.000000% 1.587302% 1.109746% 0.000000% 0.000000% 0.000000% 1.109746% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.587302% 0.000000% 0.000000% 0.000000% 1.587302% 1.109746% 0.000000% 0.000000% 0.000000% 1.109746% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 264,000.00 0.00 0.00 0.00 264,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 264,000.00 0.00 0.00 0.00 264,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.666667% 0.000000% 0.000000% 0.000000% 0.666667% 0.559780% 0.000000% 0.000000% 0.000000% 0.559780% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.666667% 0.000000% 0.000000% 0.000000% 0.666667% 0.559780% 0.000000% 0.000000% 0.000000% 0.559780%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 6,199.38
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 115,656.00 0.03507596% 115,656.00 0.03586802% Fraud 6,594,602.00 1.99999990% 6,594,602.00 2.04516250% Special Hazard 3,297,301.00 0.99999995% 3,297,301.00 1.02258125% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.022682% Weighted Average Net Coupon 4.751266% Weighted Average Pass-Through Rate 4.751161% Weighted Average Maturity(Stepdown Calculation ) 356 Beginning Scheduled Collateral Loan Count 831 Number Of Loans Paid In Full 7 Ending Scheduled Collateral Loan Count 824 Beginning Scheduled Collateral Balance 325,388,011.99 Ending Scheduled Collateral Balance 322,448,803.51 Ending Actual Collateral Balance at 30-Nov-2004 322,558,330.70 Monthly P &I Constant 1,501,529.59 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 139,595.95 Unscheduled Principal 2,799,612.53
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.292054 5.249995 4.813100 Weighted Average Net Rate 4.947448 4.999995 4.558948 Weighted Average Maturity 357 359 355 Beginning Loan Count 110 186 258 Loans Paid In Full 1 3 2 Ending Loan Count 109 183 256 Beginning Scheduled Balance 32,713,652.97 59,190,612.83 128,048,790.21 Ending scheduled Balance 32,624,572.95 57,885,909.79 126,640,489.99 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 172,695.87 260,090.69 580,718.17 Scheduled Principal 28,427.19 1,132.00 67,125.09 Unscheduled Principal 60,652.83 1,303,571.04 1,341,175.13 Scheduled Interest 144,268.68 258,958.69 513,593.08 Servicing Fees 9,394.43 12,331.38 27,119.97 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 134,874.25 246,627.31 486,473.11 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 4.947448 4.999995 4.558948
Group Level Collateral Statement Group 4 5 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.210976 4.887504 5.022682 Weighted Average Net Rate 4.956674 4.572074 4.751266 Weighted Average Maturity 356 356 356 Beginning Loan Count 126 151 831 Loans Paid In Full 0 1 7 Ending Loan Count 126 150 824 Beginning Scheduled Balance 58,187,669.84 47,247,286.14 325,388,011.99 Ending scheduled Balance 58,160,897.58 47,136,933.20 322,448,803.51 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 269,208.60 218,816.26 1,501,529.59 Scheduled Principal 16,529.82 26,381.85 139,595.95 Unscheduled Principal 10,242.44 83,971.09 2,799,612.53 Scheduled Interest 252,678.78 192,434.41 1,361,933.64 Servicing Fees 12,331.02 12,419.35 73,596.15 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 28.52 28.52 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 240,347.76 179,986.54 1,288,308.97 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 4.956674 4.571349 4.751161
Miscellaneous Reporting Group 1 Senior % 94.898113% Senior Prepayment % 100.000000% Subordinate % 5.101887% Group 2 Senior % 94.899435% Senior Prepayment % 100.000000% Subordinate % 5.100565% Group 3 Senior % 94.797279% Senior Prepayment % 100.000000% Subordinate % 5.202721%
Miscellaneous Reporting Group 4 Senior % 94.781347% Senior Prepayment % 100.000000% Subordinate % 5.218653% Group 5 Senior % 94.871529% Senior Prepayment % 100.000000% Subordinate % 5.128471%
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