-----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, UA/0hnRFYLYDQGbLePTBW8s/eamIsbPIvJ6YxV1sWR8ss0iOYdc7O6mKsNnVGoXe qGo0rzLHXws+2dAF5crahg== 0001056404-05-001066.txt : 20050208 0001056404-05-001066.hdr.sgml : 20050208 20050208082458 ACCESSION NUMBER: 0001056404-05-001066 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041227 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050208 DATE AS OF CHANGE: 20050208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Morgan Stanley ABS Capital I Inc. Trust 2004-OP1 CENTRAL INDEX KEY: 0001310597 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-113543-20 FILM NUMBER: 05582164 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY 2ND FL CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2127614000 MAIL ADDRESS: STREET 1: 1585 BROADWAY STREET 2: 2ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 8-K/A 1 msi04op1_10412.txt DECEMBER 8K/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K/A 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 MORGAN STANLEY ABS CAPITAL I, INC. Mortgage Pass-Through Certificates, Series 2004-OP1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113543-20 54-2165571 Pooling and Servicing Agreement) (Commission 54-2165572 (State or other File Number) 54-6651104 jurisdiction IRS EIN of Incorporation) C/O Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. 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 Subsequent to filing the 8-K relating to the payment date on December 27, 2004, a revision was made to the MORGAN STANLEY ABS CAPITAL I, INC., Mortgage Pass-Through Certificates, Series 2004-OP1 which was not included in the original 8-K filed. The 8-K is being amended because the delinquency information was revised; changes were made to the Trustee fee. This revision was not previously disclosed in a 1934 Act filing. The revised data has been and will continue to be available on the Wells Fargo Bank, website at www.ctslink.com. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-OP1 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. MORGAN STANLEY ABS CAPITAL I, INC. Mortgage Pass-Through Certificates, Series 2004-OP1 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: 2/4/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-OP1 Trust, relating to the December 27, 2004 distribution. EX-99.1
Morgan Stanley ABS Capital I Inc Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Morgan Stanley ABS Capital I Inc Mortgage Pass-Through Certificates Series 2004-OP1 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 MSI04OP1R RES 0.00000% 0.00 0.00 0.00 A-1A 61744CJN7 SEN 2.70750% 701,255,000.00 1,318,505.49 11,213,366.53 A-1B 61744CHY5 SEN 2.67000% 77,918,000.00 144,472.96 1,245,942.05 A-2A 61744CHZ2 SEN 2.44000% 255,000,000.00 432,083.33 7,363,775.35 A-2B 61744CJA5 SEN 2.58000% 100,000,000.00 179,166.67 0.00 A-2C 61744CJB3 SEN 2.74000% 86,385,000.00 164,371.46 0.00 A-2D 61744CJC1 SEN 2.68000% 49,043,000.00 91,274.47 818,200.97 M-1 61744CJD9 MEZ 2.87000% 51,868,000.00 103,375.81 0.00 M-2 61744CJE7 MEZ 2.90000% 44,900,000.00 90,423.61 0.00 M-3 61744CJF4 MEZ 2.97000% 28,644,000.00 59,078.25 0.00 M-4 61744CJG2 MEZ 3.24000% 24,773,000.00 55,739.25 0.00 M-5 61744CJH0 MEZ 3.34000% 22,450,000.00 52,071.53 0.00 M-6 61744CJJ6 MEZ 3.54000% 18,580,000.00 45,675.83 0.00 B-1 61744CJK3 SUB 3.94000% 18,580,000.00 50,836.94 0.00 B-2 61744CJL1 SUB 4.09000% 12,386,000.00 35,179.68 0.00 B-3 61744CJM9 SUB 5.24000% 15,483,000.00 56,340.92 0.00 P MSI04OP1P SEN 0.00000% 0.00 341,710.48 0.00 X MSI04OP1X SEN 0.00000% 41,029,930.02 5,806,259.54 0.00 Totals 1,548,294,930.02 9,026,566.22 20,641,284.90
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 A-1A 0.00 690,041,633.47 12,531,872.02 0.00 A-1B 0.00 76,672,057.95 1,390,415.01 0.00 A-2A 0.00 247,636,224.65 7,795,858.68 0.00 A-2B 0.00 100,000,000.00 179,166.67 0.00 A-2C 0.00 86,385,000.00 164,371.46 0.00 A-2D 0.00 48,224,799.03 909,475.44 0.00 M-1 0.00 51,868,000.00 103,375.81 0.00 M-2 0.00 44,900,000.00 90,423.61 0.00 M-3 0.00 28,644,000.00 59,078.25 0.00 M-4 0.00 24,773,000.00 55,739.25 0.00 M-5 0.00 22,450,000.00 52,071.53 0.00 M-6 0.00 18,580,000.00 45,675.83 0.00 B-1 0.00 18,580,000.00 50,836.94 0.00 B-2 0.00 12,386,000.00 35,179.68 0.00 B-3 0.00 15,483,000.00 56,340.92 0.00 P 0.00 0.00 341,710.48 0.00 X 0.00 41,029,815.65 5,806,259.54 0.00 Totals 0.00 1,527,653,530.75 29,667,851.12 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 0.00 0.00 0.00 0.00 0.00 0.00 A-1A 701,255,000.00 701,255,000.00 0.00 11,213,366.53 0.00 0.00 A-1B 77,918,000.00 77,918,000.00 0.00 1,245,942.05 0.00 0.00 A-2A 255,000,000.00 255,000,000.00 0.00 7,363,775.35 0.00 0.00 A-2B 100,000,000.00 100,000,000.00 0.00 0.00 0.00 0.00 A-2C 86,385,000.00 86,385,000.00 0.00 0.00 0.00 0.00 A-2D 49,043,000.00 49,043,000.00 0.00 818,200.97 0.00 0.00 M-1 51,868,000.00 51,868,000.00 0.00 0.00 0.00 0.00 M-2 44,900,000.00 44,900,000.00 0.00 0.00 0.00 0.00 M-3 28,644,000.00 28,644,000.00 0.00 0.00 0.00 0.00 M-4 24,773,000.00 24,773,000.00 0.00 0.00 0.00 0.00 M-5 22,450,000.00 22,450,000.00 0.00 0.00 0.00 0.00 M-6 18,580,000.00 18,580,000.00 0.00 0.00 0.00 0.00 B-1 18,580,000.00 18,580,000.00 0.00 0.00 0.00 0.00 B-2 12,386,000.00 12,386,000.00 0.00 0.00 0.00 0.00 B-3 15,483,000.00 15,483,000.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 X 41,029,930.02 41,029,930.02 0.00 0.00 0.00 0.00 Totals 1,548,294,930.02 1,548,294,930.02 0.00 20,641,284.90 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 A-1A 11,213,366.53 690,041,633.47 0.98400957 11,213,366.53 A-1B 1,245,942.05 76,672,057.95 0.98400957 1,245,942.05 A-2A 7,363,775.35 247,636,224.65 0.97112245 7,363,775.35 A-2B 0.00 100,000,000.00 1.00000000 0.00 A-2C 0.00 86,385,000.00 1.00000000 0.00 A-2D 818,200.97 48,224,799.03 0.98331666 818,200.97 M-1 0.00 51,868,000.00 1.00000000 0.00 M-2 0.00 44,900,000.00 1.00000000 0.00 M-3 0.00 28,644,000.00 1.00000000 0.00 M-4 0.00 24,773,000.00 1.00000000 0.00 M-5 0.00 22,450,000.00 1.00000000 0.00 M-6 0.00 18,580,000.00 1.00000000 0.00 B-1 0.00 18,580,000.00 1.00000000 0.00 B-2 0.00 12,386,000.00 1.00000000 0.00 B-3 0.00 15,483,000.00 1.00000000 0.00 P 0.00 0.00 0.00000000 0.00 X 0.00 41,029,815.65 0.99999721 0.00 Totals 20,641,284.90 1,527,653,530.75 0.98666830 20,641,284.90
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-1A 701,255,000.00 1000.00000000 0.00000000 15.99042649 0.00000000 A-1B 77,918,000.00 1000.00000000 0.00000000 15.99042647 0.00000000 A-2A 255,000,000.00 1000.00000000 0.00000000 28.87755039 0.00000000 A-2B 100,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2C 86,385,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2D 49,043,000.00 1000.00000000 0.00000000 16.68333850 0.00000000 M-1 51,868,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 44,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 28,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 24,773,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 22,450,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 18,580,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 18,580,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 12,386,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 15,483,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X 41,029,930.02 1000.00000000 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 A-1A 0.00000000 15.99042649 984.00957351 0.98400957 15.99042649 A-1B 0.00000000 15.99042647 984.00957353 0.98400957 15.99042647 A-2A 0.00000000 28.87755039 971.12244961 0.97112245 28.87755039 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2D 0.00000000 16.68333850 983.31666150 0.98331666 16.68333850 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 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 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 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 999.99721252 0.99999721 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 0.00 0.00000% 0.00 0.00 0.00 0.00 A-1A 701,255,000.00 2.70750% 701,255,000.00 1,318,505.49 0.00 0.00 A-1B 77,918,000.00 2.67000% 77,918,000.00 144,472.96 0.00 0.00 A-2A 255,000,000.00 2.44000% 255,000,000.00 432,083.33 0.00 0.00 A-2B 100,000,000.00 2.58000% 100,000,000.00 179,166.67 0.00 0.00 A-2C 86,385,000.00 2.74000% 86,385,000.00 164,371.46 0.00 0.00 A-2D 49,043,000.00 2.68000% 49,043,000.00 91,274.47 0.00 0.00 M-1 51,868,000.00 2.87000% 51,868,000.00 103,375.81 0.00 0.00 M-2 44,900,000.00 2.90000% 44,900,000.00 90,423.61 0.00 0.00 M-3 28,644,000.00 2.97000% 28,644,000.00 59,078.25 0.00 0.00 M-4 24,773,000.00 3.24000% 24,773,000.00 55,739.25 0.00 0.00 M-5 22,450,000.00 3.34000% 22,450,000.00 52,071.53 0.00 0.00 M-6 18,580,000.00 3.54000% 18,580,000.00 45,675.83 0.00 0.00 B-1 18,580,000.00 3.94000% 18,580,000.00 50,836.94 0.00 0.00 B-2 12,386,000.00 4.09000% 12,386,000.00 35,179.68 0.00 0.00 B-3 15,483,000.00 5.24000% 15,483,000.00 56,340.92 0.00 0.00 P 0.00 0.00000% 1,548,294,382.21 0.00 0.00 0.00 X 41,029,930.02 0.00000% 41,029,930.02 0.00 0.00 0.00 Totals 1,548,294,930.02 2,878,596.20 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 A-1A 0.00 0.00 1,318,505.49 0.00 690,041,633.47 A-1B 0.00 0.00 144,472.96 0.00 76,672,057.95 A-2A 0.00 0.00 432,083.33 0.00 247,636,224.65 A-2B 0.00 0.00 179,166.67 0.00 100,000,000.00 A-2C 0.00 0.00 164,371.46 0.00 86,385,000.00 A-2D 0.00 0.00 91,274.47 0.00 48,224,799.03 M-1 0.00 0.00 103,375.81 0.00 51,868,000.00 M-2 0.00 0.00 90,423.61 0.00 44,900,000.00 M-3 0.00 0.00 59,078.25 0.00 28,644,000.00 M-4 0.00 0.00 55,739.25 0.00 24,773,000.00 M-5 0.00 0.00 52,071.53 0.00 22,450,000.00 M-6 0.00 0.00 45,675.83 0.00 18,580,000.00 B-1 0.00 0.00 50,836.94 0.00 18,580,000.00 B-2 0.00 0.00 35,179.68 0.00 12,386,000.00 B-3 0.00 0.00 56,340.92 0.00 15,483,000.00 P 0.00 0.00 341,710.48 0.00 1,527,653,530.75 X 0.00 0.00 5,806,259.54 0.00 41,029,815.65 Totals 0.00 0.00 9,026,566.22 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 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A-1A 701,255,000.00 2.70750% 1000.00000000 1.88020833 0.00000000 0.00000000 A-1B 77,918,000.00 2.67000% 1000.00000000 1.85416669 0.00000000 0.00000000 A-2A 255,000,000.00 2.44000% 1000.00000000 1.69444443 0.00000000 0.00000000 A-2B 100,000,000.00 2.58000% 1000.00000000 1.79166670 0.00000000 0.00000000 A-2C 86,385,000.00 2.74000% 1000.00000000 1.90277780 0.00000000 0.00000000 A-2D 49,043,000.00 2.68000% 1000.00000000 1.86111107 0.00000000 0.00000000 M-1 51,868,000.00 2.87000% 1000.00000000 1.99305564 0.00000000 0.00000000 M-2 44,900,000.00 2.90000% 1000.00000000 2.01388886 0.00000000 0.00000000 M-3 28,644,000.00 2.97000% 1000.00000000 2.06250000 0.00000000 0.00000000 M-4 24,773,000.00 3.24000% 1000.00000000 2.25000000 0.00000000 0.00000000 M-5 22,450,000.00 3.34000% 1000.00000000 2.31944454 0.00000000 0.00000000 M-6 18,580,000.00 3.54000% 1000.00000000 2.45833315 0.00000000 0.00000000 B-1 18,580,000.00 3.94000% 1000.00000000 2.73611087 0.00000000 0.00000000 B-2 12,386,000.00 4.09000% 1000.00000000 2.84027773 0.00000000 0.00000000 B-3 15,483,000.00 5.24000% 1000.00000000 3.63888910 0.00000000 0.00000000 P 0.00 0.00000% 999.99964618 0.00000000 0.00000000 0.00000000 X 41,029,930.02 0.00000% 1000.00000000 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 A-1A 0.00000000 0.00000000 1.88020833 0.00000000 984.00957351 A-1B 0.00000000 0.00000000 1.85416669 0.00000000 984.00957353 A-2A 0.00000000 0.00000000 1.69444443 0.00000000 971.12244961 A-2B 0.00000000 0.00000000 1.79166670 0.00000000 1000.00000000 A-2C 0.00000000 0.00000000 1.90277780 0.00000000 1000.00000000 A-2D 0.00000000 0.00000000 1.86111107 0.00000000 983.31666150 M-1 0.00000000 0.00000000 1.99305564 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.01388886 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.06250000 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.25000000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.31944454 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 2.45833315 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.73611087 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.84027773 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.63888910 0.00000000 1000.00000000 P 0.00000000 0.00000000 0.22070116 0.00000000 986.66830274 X 0.00000000 0.00000000 141.51278194 0.00000000 999.99721252 (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 30,312,973.77 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 30,312,973.77 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 648,993.38 Payment of Interest and Principal 29,667,851.12 Total Withdrawals (Pool Distribution Amount) 30,316,844.50 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 645,122.65 Trustee Fee 3,870.73 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 648,993.38
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 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 5 0 0 5 559,903.30 0.00 0.00 559,903.30 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 5 0 0 5 0.00 559,903.30 0.00 0.00 559,903.30 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 0.056625% 0.000000% 0.000000% 0.056625% 0.036647% 0.000000% 0.000000% 0.036647% 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% 0.056625% 0.000000% 0.000000% 0.056625% 0.000000% 0.036647% 0.000000% 0.000000% 0.036647%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.234078% Weighted Average Net Coupon 6.734078% Weighted Average Pass-Through Rate 6.731078% Weighted Average Maturity (Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 8,921 Number Of Loans Paid In Full 91 Ending Scheduled Collateral Loan Count 8,830 Beginning Scheduled Collateral Balance 1,548,294,930.02 Ending Scheduled Collateral Balance 1,527,653,530.75 Ending Actual Collateral Balance at 30-Nov-2004 1,527,837,903.47 Monthly P&I Constant 10,555,981.40 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,222,246.48 Unscheduled Principal 19,418,604.98 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 114.37 Specified O/C Amount 41,029,815.65 Overcollateralized Amount 41,029,930.02 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 5,806,259.54
Miscellaneous Reporting Trigger Event Occurring? NO Class A-2A Accelerated Amortization? NO
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.188881 7.390335 7.215173 Weighted Average Net Rate 6.688881 6.890336 6.715173 Weighted Average Maturity 353 353 353 Beginning Loan Count 4,541 1,533 1,837 Loans Paid In Full 48 14 22 Ending Loan Count 4,493 1,519 1,815 Beginning Scheduled Balance 736,488,070.26 213,723,053.77 415,773,873.99 Ending scheduled Balance 726,458,259.58 211,293,905.42 409,276,622.86 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 4,973,380.14 1,513,382.39 2,801,194.12 Scheduled Principal 561,275.66 197,144.83 301,293.67 Unscheduled Principal 9,468,535.02 2,232,003.52 6,195,957.46 Scheduled Interest 4,412,104.48 1,316,237.56 2,499,900.45 Servicing Fees 306,870.03 89,051.27 173,239.11 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,841.22 534.31 1,039.43 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 4,103,393.23 1,226,651.98 2,325,621.91 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 6.685881 6.887336 6.712173
Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 7.276591 7.234078 Weighted Average Net Rate 6.776592 6.734078 Weighted Average Maturity 353 353 Beginning Loan Count 1,010 8,921 Loans Paid In Full 7 91 Ending Loan Count 1,003 8,830 Beginning Scheduled Balance 182,309,384.19 1,548,294,382.21 Ending scheduled Balance 180,624,742.89 1,527,653,530.75 Record Date 11/30/2004 11/30/2004 Principal And Interest Constant 1,268,024.75 10,555,981.40 Scheduled Principal 162,532.32 1,222,246.48 Unscheduled Principal 1,522,108.98 19,418,604.98 Scheduled Interest 1,105,492.43 9,333,734.92 Servicing Fees 75,962.24 645,122.65 Master Servicing Fees 0.00 0.00 Trustee Fee 455.77 3,870.73 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 1,029,074.42 8,684,741.54 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 6.773591 6.731078
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