-----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, RN0pmn3mEByYgAe714PvH49DeKqL8ORTLPn3gBtuYBAyfHrU26dwfDRl8emg2fi3 rwjnfOBl7mYRpc9lXq1Udg== 0001056404-05-000375.txt : 20050106 0001056404-05-000375.hdr.sgml : 20050106 20050106162557 ACCESSION NUMBER: 0001056404-05-000375 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 2004-11 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: 05515973 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_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 2004-11 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-49 54-6643076 Pooling and Servicing Agreement) (Commission 54-2160304 (State or other File Number) 54-2160305 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 2004-11 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 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 2004-11 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: 1/4/2005 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 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 2004-11 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 2.56000% 142,715,710.37 314,590.80 2,460,200.85 1-A2 576433RY4 SEN 2.61000% 15,739,473.70 35,372.44 271,324.48 1-A3 576433RZ1 SEN 2.55000% 103,290,296.18 226,795.26 1,780,566.93 1-A4 576433SA5 SEN 2.67000% 25,576,644.77 58,801.59 440,902.29 2-A1 576433SB3 SEN 2.56000% 314,814,147.03 693,950.47 4,726,725.80 2-A2 576433SC1 SEN 2.62000% 29,607,738.33 66,794.51 444,540.57 M-1 576433SD9 MEZ 2.82000% 40,357,000.00 97,994.62 0.00 M-2 576433SE7 MEZ 3.28000% 15,714,000.00 44,380.77 0.00 B-1 576433SF4 SUB 3.93000% 7,143,000.00 24,171.72 0.00 B-2 576433SG2 SUB 5.33000% 5,714,000.00 26,224.19 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 1,600,354.07 0.00 P 576433TK2 PPAY 0.00000% 0.01 27,949.02 0.00 Totals 700,672,010.39 3,217,379.46 10,124,260.92
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 140,255,509.52 2,774,791.65 0.00 1-A2 0.00 15,468,149.22 306,696.92 0.00 1-A3 0.00 101,509,729.25 2,007,362.19 0.00 1-A4 0.00 25,135,742.48 499,703.88 0.00 2-A1 0.00 310,087,421.23 5,420,676.27 0.00 2-A2 0.00 29,163,197.76 511,335.08 0.00 M-1 0.00 40,357,000.00 97,994.62 0.00 M-2 0.00 15,714,000.00 44,380.77 0.00 B-1 0.00 7,143,000.00 24,171.72 0.00 B-2 0.00 5,714,000.00 26,224.19 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 1,600,354.07 0.00 P 0.00 0.01 27,949.02 0.00 Totals 0.00 690,547,749.47 13,341,640.38 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 145,078,000.00 142,715,710.37 0.00 2,460,200.85 0.00 0.00 1-A2 16,000,000.00 15,739,473.70 0.00 271,324.48 0.00 0.00 1-A3 105,000,000.00 103,290,296.18 0.00 1,780,566.93 0.00 0.00 1-A4 26,000,000.00 25,576,644.77 0.00 440,902.29 0.00 0.00 2-A1 318,985,000.00 314,814,147.03 0.00 4,726,725.80 0.00 0.00 2-A2 30,000,000.00 29,607,738.33 0.00 444,540.57 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 709,991,000.01 700,672,010.39 0.00 10,124,260.92 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 2,460,200.85 140,255,509.52 0.96675933 2,460,200.85 1-A2 271,324.48 15,468,149.22 0.96675933 271,324.48 1-A3 1,780,566.93 101,509,729.25 0.96675933 1,780,566.93 1-A4 440,902.29 25,135,742.48 0.96675933 440,902.29 2-A1 4,726,725.80 310,087,421.23 0.97210659 4,726,725.80 2-A2 444,540.57 29,163,197.76 0.97210659 444,540.57 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 10,124,260.92 690,547,749.47 0.97261479 10,124,260.92
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 145,078,000.00 983.71710645 0.00000000 16.95778030 0.00000000 1-A2 16,000,000.00 983.71710625 0.00000000 16.95778000 0.00000000 1-A3 105,000,000.00 983.71710648 0.00000000 16.95778029 0.00000000 1-A4 26,000,000.00 983.71710654 0.00000000 16.95778038 0.00000000 2-A1 318,985,000.00 986.92461097 0.00000000 14.81801903 0.00000000 2-A2 30,000,000.00 986.92461100 0.00000000 14.81801900 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 16.95778030 966.75932616 0.96675933 16.95778030 1-A2 0.00000000 16.95778000 966.75932625 0.96675933 16.95778000 1-A3 0.00000000 16.95778029 966.75932619 0.96675933 16.95778029 1-A4 0.00000000 16.95778038 966.75932615 0.96675933 16.95778038 2-A1 0.00000000 14.81801903 972.10659194 0.97210659 14.81801903 2-A2 0.00000000 14.81801900 972.10659200 0.97210659 14.81801900 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 2.56000% 142,715,710.37 314,608.85 0.00 0.00 1-A2 16,000,000.00 2.61000% 15,739,473.70 35,374.47 0.00 0.00 1-A3 105,000,000.00 2.55000% 103,290,296.18 226,808.28 0.00 0.00 1-A4 26,000,000.00 2.67000% 25,576,644.77 58,804.97 0.00 0.00 2-A1 318,985,000.00 2.56000% 314,814,147.03 693,990.30 0.00 0.00 2-A2 30,000,000.00 2.62000% 29,607,738.33 66,798.35 0.00 0.00 M-1 40,357,000.00 2.82000% 40,357,000.00 98,000.25 0.00 0.00 M-2 15,714,000.00 3.28000% 15,714,000.00 44,383.32 0.00 0.00 B-1 7,143,000.00 3.93000% 7,143,000.00 24,173.10 0.00 0.00 B-2 5,714,000.00 5.33000% 5,714,000.00 26,225.67 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% 704,957,666.45 0.00 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 Totals 709,991,000.01 1,589,167.56 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 18.06 0.00 314,590.80 0.00 140,255,509.52 1-A2 2.03 0.00 35,372.44 0.00 15,468,149.22 1-A3 13.02 0.00 226,795.26 0.00 101,509,729.25 1-A4 3.37 0.00 58,801.59 0.00 25,135,742.48 2-A1 39.83 0.00 693,950.47 0.00 310,087,421.23 2-A2 3.83 0.00 66,794.51 0.00 29,163,197.76 M-1 5.62 0.00 97,994.62 0.00 40,357,000.00 M-2 2.55 0.00 44,380.77 0.00 15,714,000.00 B-1 1.39 0.00 24,171.72 0.00 7,143,000.00 B-2 1.48 0.00 26,224.19 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 1,600,354.07 0.00 694,833,405.53 P 0.00 0.00 27,949.02 0.00 0.01 Totals 91.18 0.00 3,217,379.46 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 2.56000% 983.71710645 2.16854968 0.00000000 0.00000000 1-A2 16,000,000.00 2.61000% 983.71710625 2.21090438 0.00000000 0.00000000 1-A3 105,000,000.00 2.55000% 983.71710648 2.16007886 0.00000000 0.00000000 1-A4 26,000,000.00 2.67000% 983.71710654 2.26172962 0.00000000 0.00000000 2-A1 318,985,000.00 2.56000% 986.92461097 2.17562048 0.00000000 0.00000000 2-A2 30,000,000.00 2.62000% 986.92461100 2.22661167 0.00000000 0.00000000 M-1 40,357,000.00 2.82000% 1000.00000000 2.42833337 0.00000000 0.00000000 M-2 15,714,000.00 3.28000% 1000.00000000 2.82444444 0.00000000 0.00000000 B-1 7,143,000.00 3.93000% 1000.00000000 3.38416632 0.00000000 0.00000000 B-2 5,714,000.00 5.33000% 1000.00000000 4.58972174 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% 986.95413731 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 0.00012448 0.00000000 2.16842526 0.00000000 966.75932616 1-A2 0.00012688 0.00000000 2.21077750 0.00000000 966.75932625 1-A3 0.00012400 0.00000000 2.15995486 0.00000000 966.75932619 1-A4 0.00012962 0.00000000 2.26159962 0.00000000 966.75932615 2-A1 0.00012486 0.00000000 2.17549562 0.00000000 972.10659194 2-A2 0.00012767 0.00000000 2.22648367 0.00000000 972.10659200 M-1 0.00013926 0.00000000 2.42819387 0.00000000 1000.00000000 M-2 0.00016228 0.00000000 2.82428217 0.00000000 1000.00000000 B-1 0.00019460 0.00000000 3.38397312 0.00000000 1000.00000000 B-2 0.00025901 0.00000000 4.58946272 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 2.24052613 0.00000000 972.77997952 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 13,443,100.15 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 81,359.79 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 27,949.02 Total Deposits 13,552,408.96 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 210,768.58 Payment of Interest and Principal 13,341,640.38 Total Withdrawals (Pool Distribution Amount) 13,552,408.96 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 205,088.32 LPMI 5,680.26 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 210,768.58
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 0.00 372.11 372.11 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 2 404,120.34 0.00 0.00 404,120.34 30 Days 48 1 0 0 49 12,750,269.94 165,912.12 0.00 0.00 12,916,182.06 60 Days 7 0 0 0 7 1,311,644.84 0.00 0.00 0.00 1,311,644.84 90 Days 1 0 0 0 1 175,820.56 0.00 0.00 0.00 175,820.56 120 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 56 3 0 0 59 14,237,735.34 570,032.46 0.00 0.00 14,807,767.80 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 0.071149% 0.000000% 0.000000% 0.071149% 0.058135% 0.000000% 0.000000% 0.058135% 30 Days 1.707577% 0.035575% 0.000000% 0.000000% 1.743152% 1.834190% 0.023867% 0.000000% 0.000000% 1.858058% 60 Days 0.249022% 0.000000% 0.000000% 0.000000% 0.249022% 0.188687% 0.000000% 0.000000% 0.000000% 0.188687% 90 Days 0.035575% 0.000000% 0.000000% 0.000000% 0.035575% 0.025293% 0.000000% 0.000000% 0.000000% 0.025293% 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 1.992174% 0.106724% 0.000000% 0.000000% 2.098897% 2.048170% 0.082002% 0.000000% 0.000000% 2.130172%
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 1 217,580.90 0.00 0.00 217,580.90 30 Days 26 0 0 0 26 4,575,532.78 0.00 0.00 0.00 4,575,532.78 60 Days 6 0 0 0 6 827,294.84 0.00 0.00 0.00 827,294.84 90 Days 1 0 0 0 1 175,820.56 0.00 0.00 0.00 175,820.56 120 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 33 1 0 0 34 5,578,648.18 217,580.90 0.00 0.00 5,796,229.08 0-29 Days 0.054377% 0.000000% 0.000000% 0.054377% 0.068883% 0.000000% 0.000000% 0.068883% 30 Days 1.413812% 0.000000% 0.000000% 0.000000% 1.413812% 1.448544% 0.000000% 0.000000% 0.000000% 1.448544% 60 Days 0.326264% 0.000000% 0.000000% 0.000000% 0.326264% 0.261909% 0.000000% 0.000000% 0.000000% 0.261909% 90 Days 0.054377% 0.000000% 0.000000% 0.000000% 0.054377% 0.055662% 0.000000% 0.000000% 0.000000% 0.055662% 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 1.794454% 0.054377% 0.000000% 0.000000% 1.848831% 1.766115% 0.068883% 0.000000% 0.000000% 1.834998% 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 1 186,539.44 0.00 0.00 186,539.44 30 Days 22 1 0 0 23 8,174,737.16 165,912.12 0.00 0.00 8,340,649.28 60 Days 1 0 0 0 1 484,350.00 0.00 0.00 0.00 484,350.00 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 23 2 0 0 25 8,659,087.16 352,451.56 0.00 0.00 9,011,538.72 0-29 Days 0.102881% 0.000000% 0.000000% 0.102881% 0.049183% 0.000000% 0.000000% 0.049183% 30 Days 2.263374% 0.102881% 0.000000% 0.000000% 2.366255% 2.155369% 0.043745% 0.000000% 0.000000% 2.199114% 60 Days 0.102881% 0.000000% 0.000000% 0.000000% 0.102881% 0.127705% 0.000000% 0.000000% 0.000000% 0.127705% 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 2.366255% 0.205761% 0.000000% 0.000000% 2.572016% 2.283074% 0.092928% 0.000000% 0.000000% 2.376002%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 81,359.79
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.788075% Weighted Average Net Coupon 5.438968% Weighted Average Pass-Through Rate 5.429299% Weighted Average Maturity(Stepdown Calculation ) 357 Beginning Scheduled Collateral Loan Count 2,845 Number Of Loans Paid In Full 34 Ending Scheduled Collateral Loan Count 2,811 Beginning Scheduled Collateral Balance 704,957,666.45 Ending Scheduled Collateral Balance 694,833,405.53 Ending Actual Collateral Balance at 30-Nov-2004 695,144,273.15 Monthly P &I Constant 3,772,310.36 Special Servicing Fee 0.00 Prepayment Penalties 27,949.02 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 372,020.40 Unscheduled Principal 9,752,240.52 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 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 0.00 Excess Cash Amount 1,600,262.89
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 5.957039 5.647075 5.788075 Weighted Average Net Rate 5.608823 5.297223 5.438968 Weighted Average Maturity 357 357 357 Beginning Loan Count 1,861 984 2,845 Loans Paid In Full 22 12 34 Ending Loan Count 1,839 972 2,811 Beginning Scheduled Balance 320,679,802.30 384,277,864.15 704,957,666.45 Ending scheduled Balance 315,726,807.75 379,106,597.78 694,833,405.53 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,771,624.27 2,000,686.09 3,772,310.36 Scheduled Principal 179,705.88 192,314.52 372,020.40 Unscheduled Principal 4,773,288.67 4,978,951.85 9,752,240.52 Scheduled Interest 1,591,918.39 1,808,371.57 3,400,289.96 Servicing Fees 93,054.85 112,033.47 205,088.32 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 3,855.15 1,825.11 5,680.26 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 1,495,008.39 1,694,512.99 3,189,521.38 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 24,179.88 3,769.14 27,949.02 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.594397 5.291524 5.429299
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