-----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, LdmqnlpsSDxIyPS1pam0t97dZy3HTVAmtluqt7DP1DEK5NlS1TGV6KmMAUYoO+XA 0JKFaPOLXBSy6Na04gIBYA== 0001056404-04-004140.txt : 20041202 0001056404-04-004140.hdr.sgml : 20041202 20041202113653 ACCESSION NUMBER: 0001056404-04-004140 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: Bearn Stearns Asset Backed Securities Trust 2004-SD4 CENTRAL INDEX KEY: 0001309235 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: 333-113636-18 FILM NUMBER: 041179473 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 BUSINESS PHONE: 2122722000 8-K 1 bsa04sd04_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 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2004-SD4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-18 Pooling and Servicing Agreement) (Commission pending (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 BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2004-SD4 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-SD4 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2004-SD4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/28/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-SD4 Trust, relating to the November 26, 2004 distribution. EX-99.1
Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 10/31/04 Distribution Date: 11/26/04 BSA Series: 2004-SD4 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 A-1 073879MC9 SEN 2.58000% 161,318,700.00 80,928.21 3,909,971.35 A-2 073879MF2 SEN 2.68000% 17,924,400.00 9,340.60 434,443.69 M-1 073879MD7 MEZ 2.78000% 7,736,000.00 4,181.74 0.00 M-2 073879ME5 MEZ 3.38000% 6,311,000.00 4,147.73 0.00 B 073879MG0 SUB 4.63000% 5,191,000.00 4,673.34 0.00 B-IO 073879MK1 SEN 0.00000% 0.00 742,015.16 0.00 R-1 073879MH8 RES 0.00000% 50.00 0.00 50.00 R-2 073879MJ4 RES 0.00000% 50.00 0.00 50.00 Totals 198,481,200.00 845,286.78 4,344,515.04
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 157,408,728.65 3,990,899.56 0.00 A-2 0.00 17,489,956.31 443,784.29 0.00 M-1 0.00 7,736,000.00 4,181.74 0.00 M-2 0.00 6,311,000.00 4,147.73 0.00 B 0.00 5,191,000.00 4,673.34 0.00 B-IO 0.00 0.00 742,015.16 0.00 R-1 0.00 0.00 50.00 0.00 R-2 0.00 0.00 50.00 0.00 Totals 0.00 194,136,684.96 5,189,801.82 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) A-1 161,318,700.00 161,318,700.00 0.00 3,909,971.35 0.00 0.00 A-2 17,924,400.00 17,924,400.00 0.00 434,443.69 0.00 0.00 M-1 7,736,000.00 7,736,000.00 0.00 0.00 0.00 0.00 M-2 6,311,000.00 6,311,000.00 0.00 0.00 0.00 0.00 B 5,191,000.00 5,191,000.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 R-1 50.00 50.00 0.00 50.00 0.00 0.00 R-2 50.00 50.00 0.00 50.00 0.00 0.00 Totals 198,481,200.00 198,481,200.00 0.00 4,344,515.04 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 A-1 3,909,971.35 157,408,728.65 0.97576244 3,909,971.35 A-2 434,443.69 17,489,956.31 0.97576244 434,443.69 M-1 0.00 7,736,000.00 1.00000000 0.00 M-2 0.00 6,311,000.00 1.00000000 0.00 B 0.00 5,191,000.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 R-1 50.00 0.00 0.00000000 50.00 R-2 50.00 0.00 0.00000000 50.00 Totals 4,344,515.04 194,136,684.96 0.97811120 4,344,515.04
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 161,318,700.00 1000.00000000 0.00000000 24.23755801 0.00000000 A-2 17,924,400.00 1000.00000000 0.00000000 24.23755830 0.00000000 M-1 7,736,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 6,311,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 5,191,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-1 50.00 1000.00000000 0.00000000 1000.00000000 0.00000000 R-2 50.00 1000.00000000 0.00000000 1000.00000000 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 A-1 0.00000000 24.23755801 975.76244199 0.97576244 24.23755801 A-2 0.00000000 24.23755830 975.76244170 0.97576244 24.23755830 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 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 R-2 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 (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 A-1 161,318,700.00 2.58000% 161,318,700.00 80,928.21 0.00 0.00 A-2 17,924,400.00 2.68000% 17,924,400.00 9,340.60 0.00 0.00 M-1 7,736,000.00 2.78000% 7,736,000.00 4,181.74 0.00 0.00 M-2 6,311,000.00 3.38000% 6,311,000.00 4,147.73 0.00 0.00 B 5,191,000.00 4.63000% 5,191,000.00 4,673.34 0.00 0.00 B-IO 0.00 0.00000% 203,570,401.68 0.00 0.00 0.00 R-1 50.00 0.00000% 50.00 0.00 0.00 0.00 R-2 50.00 0.00000% 50.00 0.00 0.00 0.00 Totals 198,481,200.00 103,271.62 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 A-1 0.00 0.00 80,928.21 0.00 157,408,728.65 A-2 0.00 0.00 9,340.60 0.00 17,489,956.31 M-1 0.00 0.00 4,181.74 0.00 7,736,000.00 M-2 0.00 0.00 4,147.73 0.00 6,311,000.00 B 0.00 0.00 4,673.34 0.00 5,191,000.00 B-IO 0.00 0.00 742,015.16 0.00 199,225,986.64 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 845,286.78 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 A-1 161,318,700.00 2.58000% 1000.00000000 0.50166664 0.00000000 0.00000000 A-2 17,924,400.00 2.68000% 1000.00000000 0.52111089 0.00000000 0.00000000 M-1 7,736,000.00 2.78000% 1000.00000000 0.54055584 0.00000000 0.00000000 M-2 6,311,000.00 3.38000% 1000.00000000 0.65722231 0.00000000 0.00000000 B 5,191,000.00 4.63000% 1000.00000000 0.90027740 0.00000000 0.00000000 B-IO 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% 1000.00000000 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 A-1 0.00000000 0.00000000 0.50166664 0.00000000 975.76244199 A-2 0.00000000 0.00000000 0.52111089 0.00000000 975.76244170 M-1 0.00000000 0.00000000 0.54055584 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 0.65722231 0.00000000 1000.00000000 B 0.00000000 0.00000000 0.90027740 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 4,997,127.74 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 279,191.50 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5,276,319.24 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 86,517.42 Payment of Interest and Principal 5,189,801.82 Total Withdrawals (Pool Distribution Amount) 5,276,319.24 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 84,821.00 Master Servicing Fee 1,696.42 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 86,517.42
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 179 0 0 0 179 31,360,080.25 0.00 0.00 0.00 31,360,080.25 60 Days 56 0 0 0 56 10,273,457.57 0.00 0.00 0.00 10,273,457.57 90 Days 35 0 0 0 35 6,736,453.26 0.00 0.00 0.00 6,736,453.26 120 Days 3 0 0 0 3 572,344.00 0.00 0.00 0.00 572,344.00 150 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 273 0 0 0 273 48,942,335.08 0.00 0.00 0.00 48,942,335.08 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 16.497696% 0.000000% 0.000000% 0.000000% 16.497696% 15.723933% 0.000000% 0.000000% 0.000000% 15.723933% 60 Days 5.161290% 0.000000% 0.000000% 0.000000% 5.161290% 5.151108% 0.000000% 0.000000% 0.000000% 5.151108% 90 Days 3.225806% 0.000000% 0.000000% 0.000000% 3.225806% 3.377655% 0.000000% 0.000000% 0.000000% 3.377655% 120 Days 0.276498% 0.000000% 0.000000% 0.000000% 0.276498% 0.286973% 0.000000% 0.000000% 0.000000% 0.286973% 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 25.161290% 0.000000% 0.000000% 0.000000% 25.161290% 24.539669% 0.000000% 0.000000% 0.000000% 24.539669%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 279,191.50
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.492768% Weighted Average Net Coupon 4.992768% Weighted Average Pass-Through Rate 4.982768% Weighted Average Maturity(Stepdown Calculation ) 339 Beginning Scheduled Collateral Loan Count 1,104 Number Of Loans Paid In Full 19 Ending Scheduled Collateral Loan Count 1,085 Beginning Scheduled Collateral Balance 203,570,401.97 Ending Scheduled Collateral Balance 199,225,986.64 Ending Actual Collateral Balance at 31-Oct-2004 199,441,710.32 Monthly P &I Constant 1,142,956.50 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 211,152.37 Unscheduled Principal 4,133,262.67 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 8,142,816.08 Overcollateralized Amount 5,089,301.68 Overcollateralized Deficiency Amount 3,053,514.40 Base Overcollateralized Amount 0.00
Miscellaneous Reporting Three Month Rolling Average 0.000000% Trigger Event NO
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