-----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, Rl6CVXJvshR3NXPCoUZMvn7E0vSfw1JpEgYRdtN3b5PFVSBrCAoQCg54K/QmGUX8 Hra6+JxpZU4jSifiNYBdSQ== 0001056404-04-004125.txt : 20041202 0001056404-04-004125.hdr.sgml : 20041202 20041202105920 ACCESSION NUMBER: 0001056404-04-004125 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTR ADJUSTABLE RATE MORTGAGES TRUST 2004-11 CENTRAL INDEX KEY: 0001307452 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: 333-106982-49 FILM NUMBER: 041179277 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 mam04011_nov.txt NOVEMBER 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 26, 2004 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-11 Trust (Exact name of registrant as specified in its charter) 54-6643076 New York (governing law of 333-106982-49 54-2160304 Pooling and Servicing Agreement) (Commission 54-2160305 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2004-11 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 2004-11 Trust, relating to the November 26, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-11 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: 11/30/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-11 Trust, relating to the November 26, 2004 distribution. EX-99.1
Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 10/31/04 Distribution Date: 11/26/04 MARM Series: 2004-11 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 576433RX6 SEN 2.33875% 145,078,000.00 273,307.88 2,362,289.63 1-A2 576433RY4 SEN 2.38875% 16,000,000.00 30,786.30 260,526.30 1-A3 576433RZ1 SEN 2.32875% 105,000,000.00 196,960.42 1,709,703.82 1-A4 576433SA5 SEN 2.44875% 26,000,000.00 51,284.32 423,355.23 2-A1 576433SB3 SEN 2.33875% 318,985,000.00 600,925.80 4,170,852.97 2-A2 576433SC1 SEN 2.39875% 30,000,000.00 57,965.96 392,261.67 M-1 576433SD9 MEZ 2.59875% 40,357,000.00 84,479.27 0.00 M-2 576433SE7 MEZ 3.05875% 15,714,000.00 38,716.63 0.00 B-1 576433SF4 SUB 3.70875% 7,143,000.00 21,339.05 0.00 B-2 576433SG2 SUB 5.10875% 5,714,000.00 23,513.74 0.00 L-R 576433TM8 SEN 0.00000% 0.00 0.00 0.00 R 576433TL0 SEN 0.00000% 0.00 0.00 0.00 X 576433TJ5 SEN 0.00000% 0.00 1,855,260.93 0.00 P 576433TK2 PPAY 0.00000% 0.01 24,469.51 0.00 Totals 709,991,000.01 3,259,009.81 9,318,989.62
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 142,715,710.37 2,635,597.51 0.00 1-A2 0.00 15,739,473.70 291,312.60 0.00 1-A3 0.00 103,290,296.18 1,906,664.24 0.00 1-A4 0.00 25,576,644.77 474,639.55 0.00 2-A1 0.00 314,814,147.03 4,771,778.77 0.00 2-A2 0.00 29,607,738.33 450,227.63 0.00 M-1 0.00 40,357,000.00 84,479.27 0.00 M-2 0.00 15,714,000.00 38,716.63 0.00 B-1 0.00 7,143,000.00 21,339.05 0.00 B-2 0.00 5,714,000.00 23,513.74 0.00 L-R 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 X 0.00 0.00 1,855,260.93 0.00 P 0.00 0.01 24,469.51 0.00 Totals 0.00 700,672,010.39 12,577,999.43 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 145,078,000.00 145,078,000.00 0.00 2,362,289.63 0.00 0.00 1-A2 16,000,000.00 16,000,000.00 0.00 260,526.30 0.00 0.00 1-A3 105,000,000.00 105,000,000.00 0.00 1,709,703.82 0.00 0.00 1-A4 26,000,000.00 26,000,000.00 0.00 423,355.23 0.00 0.00 2-A1 318,985,000.00 318,985,000.00 0.00 4,170,852.97 0.00 0.00 2-A2 30,000,000.00 30,000,000.00 0.00 392,261.67 0.00 0.00 M-1 40,357,000.00 40,357,000.00 0.00 0.00 0.00 0.00 M-2 15,714,000.00 15,714,000.00 0.00 0.00 0.00 0.00 B-1 7,143,000.00 7,143,000.00 0.00 0.00 0.00 0.00 B-2 5,714,000.00 5,714,000.00 0.00 0.00 0.00 0.00 L-R 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 Totals 709,991,000.01 709,991,000.01 0.00 9,318,989.62 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 2,362,289.63 142,715,710.37 0.98371711 2,362,289.63 1-A2 260,526.30 15,739,473.70 0.98371711 260,526.30 1-A3 1,709,703.82 103,290,296.18 0.98371711 1,709,703.82 1-A4 423,355.23 25,576,644.77 0.98371711 423,355.23 2-A1 4,170,852.97 314,814,147.03 0.98692461 4,170,852.97 2-A2 392,261.67 29,607,738.33 0.98692461 392,261.67 M-1 0.00 40,357,000.00 1.00000000 0.00 M-2 0.00 15,714,000.00 1.00000000 0.00 B-1 0.00 7,143,000.00 1.00000000 0.00 B-2 0.00 5,714,000.00 1.00000000 0.00 L-R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 X 0.00 0.00 0.00000000 0.00 P 0.00 0.01 1.00000000 0.00 Totals 9,318,989.62 700,672,010.39 0.98687450 9,318,989.62
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 145,078,000.00 1000.00000000 0.00000000 16.28289355 0.00000000 1-A2 16,000,000.00 1000.00000000 0.00000000 16.28289375 0.00000000 1-A3 105,000,000.00 1000.00000000 0.00000000 16.28289352 0.00000000 1-A4 26,000,000.00 1000.00000000 0.00000000 16.28289346 0.00000000 2-A1 318,985,000.00 1000.00000000 0.00000000 13.07538903 0.00000000 2-A2 30,000,000.00 1000.00000000 0.00000000 13.07538900 0.00000000 M-1 40,357,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 15,714,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 7,143,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,714,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 L-R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 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 16.28289355 983.71710645 0.98371711 16.28289355 1-A2 0.00000000 16.28289375 983.71710625 0.98371711 16.28289375 1-A3 0.00000000 16.28289352 983.71710648 0.98371711 16.28289352 1-A4 0.00000000 16.28289346 983.71710654 0.98371711 16.28289346 2-A1 0.00000000 13.07538903 986.92461097 0.98692461 13.07538903 2-A2 0.00000000 13.07538900 986.92461100 0.98692461 13.07538900 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 L-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 145,078,000.00 2.33875% 145,078,000.00 273,325.94 0.00 0.00 1-A2 16,000,000.00 2.38875% 16,000,000.00 30,788.33 0.00 0.00 1-A3 105,000,000.00 2.32875% 105,000,000.00 196,973.44 0.00 0.00 1-A4 26,000,000.00 2.44875% 26,000,000.00 51,287.71 0.00 0.00 2-A1 318,985,000.00 2.33875% 318,985,000.00 600,965.52 0.00 0.00 2-A2 30,000,000.00 2.39875% 30,000,000.00 57,969.79 0.00 0.00 M-1 40,357,000.00 2.59875% 40,357,000.00 84,484.86 0.00 0.00 M-2 15,714,000.00 3.05875% 15,714,000.00 38,719.19 0.00 0.00 B-1 7,143,000.00 3.70875% 7,143,000.00 21,340.46 0.00 0.00 B-2 5,714,000.00 5.10875% 5,714,000.00 23,515.29 0.00 0.00 L-R 0.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 X 0.00 0.00000% 714,276,013.24 0.00 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 Totals 709,991,000.01 1,379,370.53 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 18.07 0.00 273,307.88 0.00 142,715,710.37 1-A2 2.04 0.00 30,786.30 0.00 15,739,473.70 1-A3 13.02 0.00 196,960.42 0.00 103,290,296.18 1-A4 3.39 0.00 51,284.32 0.00 25,576,644.77 2-A1 39.73 0.00 600,925.80 0.00 314,814,147.03 2-A2 3.83 0.00 57,965.96 0.00 29,607,738.33 M-1 5.58 0.00 84,479.27 0.00 40,357,000.00 M-2 2.56 0.00 38,716.63 0.00 15,714,000.00 B-1 1.41 0.00 21,339.05 0.00 7,143,000.00 B-2 1.55 0.00 23,513.74 0.00 5,714,000.00 L-R 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 1,855,260.93 0.00 704,957,666.45 P 0.00 0.00 24,469.51 0.00 0.01 Totals 91.18 0.00 3,259,009.81 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 145,078,000.00 2.33875% 1000.00000000 1.88399302 0.00000000 0.00000000 1-A2 16,000,000.00 2.38875% 1000.00000000 1.92427063 0.00000000 0.00000000 1-A3 105,000,000.00 2.32875% 1000.00000000 1.87593752 0.00000000 0.00000000 1-A4 26,000,000.00 2.44875% 1000.00000000 1.97260423 0.00000000 0.00000000 2-A1 318,985,000.00 2.33875% 1000.00000000 1.88399304 0.00000000 0.00000000 2-A2 30,000,000.00 2.39875% 1000.00000000 1.93232633 0.00000000 0.00000000 M-1 40,357,000.00 2.59875% 1000.00000000 2.09343757 0.00000000 0.00000000 M-2 15,714,000.00 3.05875% 1000.00000000 2.46399325 0.00000000 0.00000000 B-1 7,143,000.00 3.70875% 1000.00000000 2.98760465 0.00000000 0.00000000 B-2 5,714,000.00 5.10875% 1000.00000000 4.11538152 0.00000000 0.00000000 L-R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000% 1000.00000000 0.00000000 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 0.00012455 0.00000000 1.88386854 0.00000000 983.71710645 1-A2 0.00012750 0.00000000 1.92414375 0.00000000 983.71710625 1-A3 0.00012400 0.00000000 1.87581352 0.00000000 983.71710648 1-A4 0.00013038 0.00000000 1.97247385 0.00000000 983.71710654 2-A1 0.00012455 0.00000000 1.88386852 0.00000000 986.92461097 2-A2 0.00012767 0.00000000 1.93219867 0.00000000 986.92461100 M-1 0.00013827 0.00000000 2.09329906 0.00000000 1000.00000000 M-2 0.00016291 0.00000000 2.46383034 0.00000000 1000.00000000 B-1 0.00019740 0.00000000 2.98740725 0.00000000 1000.00000000 B-2 0.00027126 0.00000000 4.11511026 0.00000000 1000.00000000 L-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 2.59740058 0.00000000 986.95413731 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 12,715,013.14 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 52,647.91 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 24,469.51 Total Deposits 12,792,130.56 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 214,131.13 Payment of Interest and Principal 12,577,999.43 Total Withdrawals (Pool Distribution Amount) 12,792,130.56 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 91.18 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 91.18
SERVICING FEES Gross Servicing Fee 207,810.19 LPMI 6,320.94 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 214,131.13
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Yield Maintence Payment - 1A 0.00 0.00 0.00 0.00 Yield Maintence Payment - 2A 0.00 0.00 0.00 0.00 Excess Reserve Fund Account 0.00 0.00 0.00 0.00 Yield Maintenance Reserve Account 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 2 0 0 2 404,570.78 0.00 0.00 404,570.78 30 Days 37 1 0 0 38 9,238,408.15 166,110.35 0.00 0.00 9,404,518.50 60 Days 1 0 0 0 1 175,820.56 0.00 0.00 0.00 175,820.56 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 38 3 0 0 41 9,414,228.71 570,681.13 0.00 0.00 9,984,909.84 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 0.070299% 0.000000% 0.000000% 0.070299% 0.057364% 0.000000% 0.000000% 0.057364% 30 Days 1.300527% 0.035149% 0.000000% 0.000000% 1.335677% 1.309915% 0.023553% 0.000000% 0.000000% 1.333468% 60 Days 0.035149% 0.000000% 0.000000% 0.000000% 0.035149% 0.024930% 0.000000% 0.000000% 0.000000% 0.024930% 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 1.335677% 0.105448% 0.000000% 0.000000% 1.441125% 1.334844% 0.080917% 0.000000% 0.000000% 1.415761%
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 1 0 0 1 217,812.33 0.00 0.00 217,812.33 30 Days 25 0 0 0 25 4,315,389.15 0.00 0.00 0.00 4,315,389.15 60 Days 1 0 0 0 1 175,820.56 0.00 0.00 0.00 175,820.56 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 26 1 0 0 27 4,491,209.71 217,812.33 0.00 0.00 4,709,022.04 0-29 Days 0.053735% 0.000000% 0.000000% 0.053735% 0.067891% 0.000000% 0.000000% 0.067891% 30 Days 1.343364% 0.000000% 0.000000% 0.000000% 1.343364% 1.345092% 0.000000% 0.000000% 0.000000% 1.345092% 60 Days 0.053735% 0.000000% 0.000000% 0.000000% 0.053735% 0.054803% 0.000000% 0.000000% 0.000000% 0.054803% 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 1.397098% 0.053735% 0.000000% 0.000000% 1.450833% 1.399895% 0.067891% 0.000000% 0.000000% 1.467786% 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 1 0 0 1 186,758.45 0.00 0.00 186,758.45 30 Days 12 1 0 0 13 4,923,019.00 166,110.35 0.00 0.00 5,089,129.35 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 12 2 0 0 14 4,923,019.00 352,868.80 0.00 0.00 5,275,887.80 0-29 Days 0.101626% 0.000000% 0.000000% 0.101626% 0.048579% 0.000000% 0.000000% 0.048579% 30 Days 1.219512% 0.101626% 0.000000% 0.000000% 1.321138% 1.280559% 0.043208% 0.000000% 0.000000% 1.323767% 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 1.219512% 0.203252% 0.000000% 0.000000% 1.422764% 1.280559% 0.091787% 0.000000% 0.000000% 1.372346%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 52,647.91
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.795080% Weighted Average Net Coupon 5.443847% Weighted Average Pass-Through Rate 5.435334% Weighted Average Maturity(Stepdown Calculation ) 358 Beginning Scheduled Collateral Loan Count 2,875 Number Of Loans Paid In Full 30 Ending Scheduled Collateral Loan Count 2,845 Beginning Scheduled Collateral Balance 709,991,000.01 Ending Scheduled Collateral Balance 704,957,666.45 Ending Actual Collateral Balance at 31-Oct-2004 705,267,838.89 Monthly P &I Constant 3,825,977.75 Special Servicing Fee 0.00 Prepayment Penalties 24,469.51 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 376,572.49 Unscheduled Principal 8,941,774.30 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 642.84 Overcollateralized reduction Amount 0.00 Specified O/C Amount 4,285,656.08 Overcollateralized Amount 4,285,656.08 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 642.84 Excess Cash Amount 1,855,812.59
Miscellaneous Reporting Trigger Event NO
Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.967033 5.651165 5.795080 Weighted Average Net Rate 5.618826 5.301270 5.443847 Weighted Average Maturity 358 358 358 Beginning Loan Count 1,882 993 2,875 Loans Paid In Full 21 9 30 Ending Loan Count 1,861 984 2,845 Beginning Scheduled Balance 325,435,349.22 388,840,664.02 714,276,013.24 Ending scheduled Balance 320,679,802.30 384,277,864.15 704,957,666.45 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 1,800,218.30 2,025,759.45 3,825,977.75 Scheduled Principal 181,981.97 194,590.52 376,572.49 Unscheduled Principal 4,573,564.95 4,368,209.35 8,941,774.30 Scheduled Interest 1,618,236.33 1,831,168.93 3,449,405.26 Servicing Fees 94,432.44 113,377.75 207,810.19 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 3,855.82 2,465.12 6,320.94 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,519,948.07 1,715,326.06 3,235,274.13 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 5.604608 5.293663 5.435334
-----END PRIVACY-ENHANCED MESSAGE-----