Finance America Mortgage Loan Trust 2004-2 8-K Other Events

                                    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):  October 25, 2004
                            (Date of earliest event reported)

            Financial Asset Securities Corporation (as Depositor under the
               Pooling and Servicing Agreement, dated as August 1, 2004,
              providing for the issuance of Finance America Mortgage Loan
              Trust Series 2004-2 Asset-Backed Certificates, Series 2004-2)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-111379-21                          06-1442101
          (Commission File Number)        (I.R.S. Employer Identification No.)


               600 Steamboat Road
               Greenwich, Connecticut                    06830
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (203) 625-2700


         (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(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] 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

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     October 25, 2004.

                                    Signatures

               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.

                                   Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Financial Asset Securities
                                  Corporation, Registrant


          Date:  Oct 27, 2004               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of October 25, 2004.










			

Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Greenwich Capital Financial Products, In
										2. Collection Account Report					6
										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12
										6. REO Report					15
										7. Foreclosure Report					16
										8. Prepayment Report					17
										9. Prepayment Detail Report					20
										10. Realized Loss Report					22
										11. Realized Loss Detail Report					25
				Servicer(s)
										12. Triggers and Adj. Cert. Report					26
				HomeQ Servicing Corp.
										13. Additional Certificate Report					27
				Underwriter(s)
				Greenwich Capital Markets
										Total Number of Pages					27
				Dates						Contacts
				Cut-Off Date:			August 01, 2004			Eiko Akiyama
				Close Date:			August 06, 2004			Administrator
				First Distribution D ate:			September 27, 2004			(714) 247-6328
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			October 25, 2004
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2004
										Main Phone Number:			(714) 247-6000
							October 22, 2004
										https://www.tss.db.com/invr
Page 1 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance
					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)
I-A1	FLT	$	375,737,000.00		370,197,287.89		630,569.38		9,413,033.61		10,043,602.99		0.00		0.00		360,784,254.28
II-A1	FLT	$	39,000,000.00		34,483,164.28		52,835.87		10,465,606.12		10,518,441.99		0.00		0.00		24,017,558.16
II-A2	FLT	$	123,400,000.00		123,400,000.00		206,352.22		0.00		206,352.22		0.00		0.00		123,400,000.00
II-A3	FLT	$	15,594,000.00		15,594,000.00		28,381.08		0.00		28,381.08		0.00		0.00		15,594,000.00
M-1	MEZ	$	26,452,000.00		26,452,000.00		49,171.33		0.00		49,171.33		0.00		0.00		26,452,000.00
M-2	MEZ	$	22,925,000.00		22,925,000.00		43,506.56		0.00		43,506.56		0.00		0.00		22,925,000.00
M-3	MEZ	$	15,871,000.00		15,871,000.00		30,736.84		0.00		30,736.84		0.00		0.00		15,871,000.00
M-4	MEZ	$	10,581,000.00		10,581,000.00		24,195.22		0.00		24,195.22		0.00		0.00		10,581,000.00
M-5	MEZ	$	14,108,000.00		14,108,000.00		33,357.58		0.00		33,357.58		0.00		0.00	14,108,000.00
M-6	MEZ	$	12,344,000.00		12,344,000.00		31,106.88		0.00		31,106.88		0.00		0.00		12,344,000.00
M-7	MEZ	$	10,581,000.00		10,581,000.00		29,955.99		0.00		29,955.99		0.00		0.00		10,581,000.00
M-8	MEZ	$	10,581,000.00		10,581,000.00		30,778.95		0.00		30,778.95		0.00		0.00		10,581,000.00
M-9	MEZ	$	8,817,000.00		8,817,000.00		36,619.94		0.00		36,619.94		0.00		0.00		8,817,000.00
B-1	MEZ	$	8,817,000.00		8,817,000.00		35,591.29		0.00		35,591.29		0.00		0.00		8,817,000.00
B-2	MEZ	$	5,290,000.00		5,290,000.00		21,353.97	0.00		21,353.97		0.00		0.00		5,290,000.00
C	SUB	$	5,290,200.41		5,290,412.25		2,498,786.44		0.00		2,498,786.44		0.00		0.00		5,290,412.25
P	EXE	$	100 .00		100.00		251,322.80		0.00		251,322.80		0.00		0.00		100.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	R	$	0.00	0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			705,388,300.41		695,331,964.42		4,034,622.34		19,878,639.73		23,913,262.07		0.00		0.00		675,453,324.69
Page 2 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Interest Accrual Detail Current Period Factor Information per $1,0000 of Original Face-
									Orig. Principal		Prior								Current
	Period		Period						(with Notional)		Principal						Total		Principal
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution		Balance
									(1)		(1)		(2)		(3)		(4)=(2)+(3)		(5)
I-A1	09/27/04		10/24/04		A-Act/360		317350AZ9		375, 737,000.00		985.256410		1.678220		25.052187		26.730407		960.204223
II-A1	09/27/04		10/24/04		A-Act/360		317350BA3		39,000,000.00		884.183699		1.354766		268.348875		269.703641		615.834825
II-A2	09/27/04		10/24/04		A-Act/360		317350BB1		123,400,000.00		1,000.000000		1.672222		0.000000		1.672222		1,000.000000
II-A3	09/27/04		10/24/04		A-Act/360		317350BC9		15,594,000.00		1,000.000000		1.820000		0.000000		1.820000		1,000.000000
M-1	09/27/04		10/24/04	A-Act/360		317350BD7		26,452,000.00		1,000.000000		1.858889		0.000000		1.858889		1,000.000000
M-2	09/27/04		10/24/04		A-Act/360		317350BE5		22,925,000.00		1,000.000000		1.897778		0.000000		1.897778		1,000.000000
M-3	09/27/04		10/24/04		A-Act/360		317350BF2		15,871,000.00		1,000.000000		1.936667		0.000000		1.936667		1,000.000000
M-4	09/27/04		10/24/04		A-Act/360		317350BG0		10,581,000.00		1,000.000000		2.286667		0.000000		2.286667		1,000.000000
M-5	09/27/04		10/24/04		A-Act/360		317350BH8		14,108,000.00		1,000.000000		2.364444		0.000000		2.364444		1,000.000000
M-6	09/27/04		10/24/04		A-Act/360		317350BJ4		12,344,000.00		1,000.000000		2.520000		0.000000		2.520000		1,000.000000
M-7	09/27/04		10/24/04		A-Act/360		317350BK1		10,581,000.00		1,000.000000		2.831111		0.000000		2.831111		1,000.000000
M-8	09/27/04		10/24/04		A-Act/360		317350BL9		10,581,000.00		1,000.000000		2.908889		0.000000		2.908889		1,000.000000
M-9	09/27/04		10/24/04		A-Act/360		31735 0BM7		8,817,000.00		1,000.000000		4.153333		0.000000		4.153333		1,000.000000
B-1	09/27/04		10/24/04		A-Act/360		317350BN5		8,817,000.00		1,000.000000		4.036667		0.000000		4.036667		1,000.000000
B-2	09/27/04		10/24/04		A-Act/360		317350BP0		5,290,000.00		1,000.000000		4.036667		0.000000		4.036667		1,000.000000
C	09/25/04		10/24/04		A-30/360		GC04A2101		5,290,200.41		1,000.040044		472.342491		0.000000		472.342491		1,000.040044
P	09/25/04		10/24/04		A-30/360		GC04A2102		100.00		1,000.000000		2,513,228.000000		0.000000		2,513,228.000000		1,000.000000
R	09/25/04		10/24/04		A-30/360		GC04A2103		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-X	09/25/04		10/24/04		A-30/360		GC04A2104		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
Page 3 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Distribution to Date - REMIC II
																	Curren t
	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal
Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
I-A1	375,737,000.00		1,656,331.39		14,316,252.28		636,493.44		14,952,745.72		16,609,077.11		0.00		0.00		360,784,254.28
II-A1	39,000,000.00		146,912.54		14,380,437.26		602,004.58		14,9 82,441.84		15,129,354.38		0.00		0.00		24,017,558.16
II-A2	123,400,000.00		536,104.44		0.00		0.00		0. 00		536,104.44		0.00		0.00		123,400,000.00
II-A3	15,594,000.00		74,331.40		0.00		0.00		0.00		74,331.40		0.00		0.00		15,594,000.00
M-1	26,452,000.00		129,026.98		0.00		0.00		0.00		129,026.98		0.00		0.00		26,452,000.00
M-2	22,925,000.00		114,370.28		0.00		0.00		0.00		114,370.28		0.00		0.00		22,925,000.00
M-3	15,871,000.00		80,942.10		0.00		0.00		0.00		80,942.10		0.00		0.00		15,871,000.00
M-4	10,581,000.00		64,544.10		0.00		0.00		0.00		64,544.10		0.00		0.00		10,581,000.00
M-5	14,108,000.00		89,193.91		0.00		0.00		0.00		89,193.91		0.00		0.00		14,108,000.00
M-6	12,344,000.00		83,527.73		0.00		0.00		0.00		83,5 27.73		0.00		0.00		12,344,000.00
M-7	10,581,000.00		81,003.44		0.00		0.00		0.00		81,003.44		0.00		0.00		10,581,000.00
M-8	10,581,000.00		83,354.76		0.00		0.00		0.00		83,354.76		0.00		0.00		10,581,000.00
M-9	8,817,000.00		100,807.70		0.00		0.00		0.00		100,807.70		0.00		0.00		8,817,000.00
B-1	8,817,000.00		97,868.70		0.00		0.00		0.00		97,868.70		0.00		0.00		8,817,000.00
B-2	5,290,000.00		58,719.00		0.00		0.00		0.00		58,719.00		0.00		0.00		5,290,000.00
C	5,290,200.41		4,220,836.38		0.00		0.00		0.00		4,220,836.38		0.00		211.84		5,290,412.25
P	100.00		267,696.73		0.00		0.00		0.00		267,696.73		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total	705,388,300.41		7,885,571.58		28,696,689.54		1,238,498.02		29,935,187.56		37,820,759.14		0.00		211.84		675,453,324.69
Page 4 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Interest Detail - REMIC II
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid
Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
I-A1	2.19000%		370,197,287.89		630,569.38		0.00		0.00		0.00		630,569.38		630,569.38		0.00
II-A1	1.97000%		34,483,164.28		52,835.87		0.00		0.00		0.00		52,835.87		52,835.87		0.00
II-A2	2.15000%		123,400,0 00.00		206,352.22		0.00		0.00		0.00		206,352.22		206,352.22		0.00
II-A3	2.34000%		15,594,000.00		28,381.08		0.00		0.00		0.00		28,381.08		28,381.08		0.00
M-1	2.39000%		26,452,000.00		49,171.33	0.00		0.00		0.00		49,171.33		49,171.33		0.00
M-2	2.44000%		22,925,000.00		43,506.56		0.00		0.00		0.00		43,506.56		43,506.56		0.00
M-3	2.49000%		15,871,000.00		30,736.84		0.00		0.00		0.00		30,736.84		30,736.84		0.00
M-4	2.94000%		10,581,000.00		24,195.22		0.00		0.00		0.00		24,195.22		24,195.22		0.00
M-5	3.04000%		14,108,000.00		33,357.58		0.00		0.00		0.00		33,357.58		33,357.58		0.00
M-6	3.24000%		12,344,000.00		31,1 06.88		0.00		0.00		0.00		31,106.88		31,106.88		0.00
M-7	3.64000%		10,581,000.00		29,955.99		0.00		0.00		0.00		29,955.99		29,955.99		0.00
M-8	3.74000%		10,581,000.00		30,778.95		0.00		0.00		0.00		30,778.95		30,778.95		0.00
M-9	5.34000%		8,817,000.00		36,619.94		0.00		0.00		0.00		36,619.94		36,619.94		0.00
B-1	5.19000%		8,817,000.00		35,591.29		0.00		0.00		0.00		35,591.29		35,591.29		0.00
B-2	5.19000%		5,290,000.00		21,353.97		0.00		0.00		0.00		21,353.97		21,353.97		0.00
C	566.78829%		5,290,412.25		2,498,786.44		0.00		0.00		0.00		2,498,786.44		2,498,786.44		0.00
P	3,015,873.60000%		100.00		0.00		0.00		0.00		0.00		0.00		251,322.80		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			695,331,964.42		3,783,299.54		0.00		0.00		0.00		3,783,299.54		4,034,622.34		0.00
Page 5 of 27																	&n bsp;
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Collection Account Report
SUMMARY
										Group 2		Group 1		Total
Principal Collectio ns										10,465,606.12		9,413,033.61		19,878,639.73
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										10,465,606.12		9,413,033.61		19,878,639.73
Interest Collections										1,177,121.02		2,651,182.02		3,828,303.04
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		251,322.80
Interest Fees										-14,610.12		-30,393.36		-45,003.49
TOTAL NET INTEREST										1,162,510.90		2,620,788.66	4,034,622.35
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										11,628,117.02		12,033,822.26		23,913,262.08
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											193,006.48		398,487.24		591,493.72
Curtailments											-953,592.36		304,783.08		-648,809.28
Prepa yments In Full											11,226,192.00		8,709,763.29		19,935,955.29
Repurchased/Substitutions				&n bsp;							0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-173,123.12	-344,591.42		-517,714.54
Realized Losses											-0.00		-0.00		-0.00		&n bsp;
Advanced Principal											173,123.12		344,591.42		517,714.54
TOTAL PRINCIPAL COLLECTED											10,465,606.12		9,413,033.61		19,878,639.73
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00
Page 6 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										1,255,771.79		2,819,335.41		4,075,107.20
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-1,953.81		-1,668.23		-3,622.03
Delinquent Interest										-1,066,864.17		-2,407,526.26		-3,474,390.42
Compensating Interest										1,953.81		1,668.23		3,622.03
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										988,213.40		2,239,372.86		3,227,586.26
TOTAL INTEREST COLLECTED										1,177,121.02		2,651,182.02		3,828,303.04
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges										0.00		0.00		251,322.80
TOTAL INTEREST OTHER ACCO UNTS										0.00		0.00		251,322.80
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										13,943.44		28,974.05		42,917.49
Trustee Fees										666.68		1,419.32		2,086.00
TOTAL INTEREST FEES										14,610.12		30,393.36		45,003.49
Page 7 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Credit Enhancement Report
ACCOUNTS
Net WAC Rate Carryover Reserve Account
Initial Deposit						0.00
Begining Balance						0.00
Amount Withdrawn						0.00
Ending Balance						0.00
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STR UCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Amount														5,290,412.25
Overcollateralization Target Amount														5,290,412.25
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														0.00
Page 8 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Collateral Report
COLLATERAL
											Group 2		Group 1		Total
Loan Count:
Original										628		3,276		3,904
Prior										617		3,243		3,860
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-24		-47		-71
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										593		3,196		3,789
Principal Balance:
Original										226,742,847.53		478,645,452.88		705,388,300.41
Prior										222,226,106.96		473,105,857.46		695,331,964.42
Prefunding										0.00		0.00		0.00
Scheduled Principal										-193,006.48		-398,487.24		-591,493.72
Partial Prepayments										(953,592.36)		-304,783.08		(648,809.28)
Full Voluntary Prepayments										-11,226,192.00		-8,709,763.29		-19,935,955.29
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										211,760,500.84		463,692,823.85		675,453,324.69
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 9 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										6.78248%		7.14328%		7.02730%
Weighted Average Coupon Prior										6.78248%		7.14328%		7.02730%
Weighted Average Coupon Current										6.78105%		7.15105%		7.03280%
Weighted Average Months to Maturity Original										347		350		349
Weighted Average Months to Maturity Prior										347		350		349
Weighted Average Months to Maturity Current										345		351		349
Weighted Avg Remaining Amortization Term Original										347		350		349
Weighted Avg Remaining Amortization Term Prior										347		350		349
Weighted Avg Remaining Amortization Term Current										345		351		349
Weighted Average Seasoning Original										3.25		3.20		3.21
Weighted Average Seasoning Prior										3.25		3.20		3.21
Weighted Average Seasoning Current										4.24		4.19		4.21
Page 10 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										6.16843%		6.15195%		6.15728%
Weighted Average Margin Prior										6.16843%		6.15195%		6.15728%
Weighted Average Margin Current										6.17077%		6.15382%		6.15926%
Weighted Average Max Rate Original										12.64176%		13.15766%		12.99096%
Weighted Average Max Rate Prior										12.64176%		13.15766%		12.99096%
Weighted Average Max Rate Current										12.63969%		13.16113%		12.99374%
Weighted Average Min Rate Original										6.64176%		7.03852%		6.91031%
Weighted Average Min Rate Prior										6.64176%		7.03852%		6.91031%
Weighted Average Min Rate Current										6.63969%		7.04319%		6.91366%
Weighted Average Cap Up Original										1.00000%		1.00000%		1.00000%			;
Weighted Average Cap Up Prior										1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Current										1.00000%		1 .00000%		1.00000%
Weighted Average Cap Down Original										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Prior										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Current										1.00000%		1.00000%		1.00000%
SERVICING FEES & ADVANCES
											Group 2		Group 1		Total
Current Servicing Fees										13,943.44		28,974.05		42,917.49
Delinquent Servicing Fees										78,650.77		168,153.39		246,804.16
TOTAL SERVICING FEES										92,594.21		197,127.45		289,721.66
Total Servicing Fees										92,594.21		197,127.45		289,721.66
Compensating Interest										-1,953.81		-1,668.23		-3,622.03
Delinquent Servicing Fees										-78,650.77	-168,153.39		-246,804.16
COLLECTED SERVICING FEES										11,989.64		27,305.83		39,295.46
Total Advaced Interest										988,213.40		2,239,372.86		3,227,586.26
Total Advaced Principal										173,123.12		344,591.42		517,714.54
Aggregate Advances with respect to this Distribution										241,785.17	505,976.53		747,761.70
ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										1,953.81		1,668.23		3,622.03
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00
Compensating Interest										-1,953.81		-1,668.23		-3,622.03
Weighted Average Net Mortgage Rate														6.962929%
Libor For Current Period														1.8400%
Page 11 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004 - -2
October 25, 2004 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				19,326,686.07		3,830,979.19		759,714.61		23,917,379.87
			% Balance				2.86%		0.57%		0.11%		3.54%
			# Loans				108		30		7		145
			% # Loans				2.85%		0.79%		0.18%		3.83%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		648,902.75		0.00		161,450.75		0.00		810,353.50
			% Balance		0.10%		0.00%		0.02%		0.00%		0.12%
			# Loans		5		0		2		0		7
			% # Loans		0.13%		0.00%		0.05%		0.00%		0.18%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		648,902.75		19,326,686.07		3,992,429.94		759,714.61		24,727,733.37
			% Balance		0.10%		2.86%		0.59%		0.11%		3.66%
			# Loans		5		108		32		7		152
			% # Loans		0.13%		2.85%		0.84%		0.18%		4.01%
Page 12 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				10,214,480.60		3,094,510.79		341,465.02		13,650,456.41
			% Balance				2.20%		0.67%		0.07%		2.95%
			# Loans				88		25		5		118
			% # Loans				2.75%		0.78%		0.16%		3.69%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# L oans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		648,902.75		0.00		161,450.75		0.00		810,353.50
			% Balance		0.14%		0.00%		0.03%		0.00%		0.17%
			# Loans		5		0		2		0		7
			% # Loans		0.16%		0.00%		0.06%		0.00%		0.22%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		648,902.75		10,214,480.60		3,255,961.54		341,465.02		14,460,809.91
			% Balance		0.14%		2.20%		0.70%		0.07%		3.12%
			# Loans		5		88		27		5		125
			% # Loans		0.16%		2.75%		0.85%		0.16%		3.91%
Page 13 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,112,205.47		736,468.40		418,249.59		10,266,923.46
			% Balance				4.30%		0.35%		0.20%		4.85%
			# Loans				20		5		2		27
			% # Loans				3.37%		0.84%		0.34%		4.55%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		9,112,205.47		736,468.40		418,249.59		10,266,923.46
			% Balance		0.00%		4.30%		0.35%		0.20%		4.85%
			# Loans		0		20		5		2		27
			% # Loans		0.00%		3.37%		0.84%		0.34%		4.55%
Page 14 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
REO Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
TOTAL
Page 15 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
TOTAL
Page 16 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
											Group 2		Group 1		Total
Current
Number of Paid in Full Loans										24		47		71
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										24		47		71
Curtailments Amount										-953,592.36		304,783.08		-648,809.28
Paid in Full Balance										11,226,192.00		8,709,763.29		19,935,955.29
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										10,272,599.64		9,014,546.37		19,287,146.01
Cumulative
Number of Paid in Full Loans										35		81		116
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										35		81		116
Paid in Full Balance										14,544,746.77		14,150,311.35		28,695,058.12
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										43,489.61		-42,070.03		1,419.58
Total Prepayment Amount										14,588,236.38		14,108,241.32		28,696,477.70
Page 17 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
VOLUNTARY PREPAYMENTS RATES
											Group 2		Group 1		Total
SMM										4.63%		1.91%		2.78%
3 Months Avg SMM										3.28%		1.49%		2.06%
12 Months Avg SMM										3.28%		1.49%		2.06%
Avg SMM Since Cut-off										3.28%		1.49%		2.06%
CPR										43.36%		20.63%		28.67%
3 Months Avg CPR										32.94%		16.45%		22.09%
12 Months Avg CPR										32.94%		16.45%		22.09%
Avg CPR Since Cut-off										32.94%		16.45%		22.09%
PSA										5,116.01%		2,460.02%		3,407.37%
3 Months Avg PSA Approximation										4,401.46%		2,226.56%		2,976.65%
12 Months Avg PSA Approximation										4,401.46%		2,226.56%		2,976.65%
Avg PSA Since Cu t-off Approximation										4,401.46%		2,226.56%		2,976.65%
Page 18 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
PREPAYMENT CALCULATION METHODOLOGY
	Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases +Liquidations)/(Beg Principal Balance - Sched Principal)
	Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	Average SMM over period be tween nth month and mth month (AvgSMMn,m): [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m)
	Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
	Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
	Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)
	Weighted Average Seasoning (WAS)
	Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.
	Dates correspond to distribution dates.
Page 19 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
36938355 2			340,000.00		338,484.94			30-Sep-2004		6.630%		CO - 98.55%		Paid Off - 360		01-May-2004
36972578 2			441,378.00		438,935.63			30-Sep-2004		5.490%		CA - 49.04%		Paid Off - 360		01-May-2004
37013190 1			31,500.00		28,855.70			30-Sep-2004		7.990%		CA - 100.00%		Paid Off - 240		01-May-2004
37017019 1			154,767.00		154,134.83			30-Sep-2004		6.615%		CA - 89.98%		Paid Off - 360		01-Jun-2004
40063141 1			250,000.00		249,018.14			30-Sep-2004		7.765%		NJ - 100.00%		Paid Off - 360		01-May-2004
40066920 1		225,900.00		225,441.32			30-Sep-2004		7.990%		NV - 90.00%		Paid Off - 360		01-Jul-2004
40077133 1			350,000.00		349,000.30			30-Sep-2004		7.740%		CA - 70.00%		Paid Off - 360		01-Jun-2004
40081655 1			327,750.00		326,249.97			30-Sep-2004		6.490%		CA - 95.00%		Paid Off - 360		01-May-2 004
40081747 1			130,253.00		129,833.69			30-Sep-2004		5.630%		MA - 57.89%		Paid Off - 360		01-Jun-2004
40082638 1			30,000.00		29,926.38			30-Sep-2004		8.490%		MI - 37.50%		Paid Off - 360		01-Jun-2004
40090540 1			49,000.00		48,862.83			30-Sep-2004		7.840%		VA - 70.00%		Paid Off - 360		01-Jun-2004
40091308 2			416,000.00		414,614.61			30-Sep-2004		6.965%		NJ - 94.98%		Paid Off - 360		01-Jun-2004
40093593 1			38,800.00		38,538.39			30-Sep-2004		10.865%		NJ - 100.00%		Paid Off - 180		01-Jun-2004
40096729 2			68,745.00		68,087.27			30-Sep-2004		10.240%		CA - 100.00%		Paid Off - 180		01-Jun-2004
40097974 1			136,456.00		136,184.31			30-Sep-2004		9.500%		CT - 74.98%		Paid Off - 360		01-Jun-2004
40098303 2			562,500.00		560,184.73			30-Sep-2004		5.865%		IL - 75.00%		Paid Off - 360		01-Jun-2004
40098493 1			157,532.00		157,266.81			30-Sep-2004		6.880%		NJ - 78.77%		Paid Off - 360		01-Jul-2004
40103269 2			390,000.00		389,247.26			30-Sep-2004		8.240%		NV - 79.92%		Paid Off - 360		01-Jul-2004
40115453 1			218,700.00		217,881.72			30-Sep-2004		6.365%		IL - 90.00%		Paid Off - 360		01-Jun-2004
40118911 2			500,000.00		498,450.34			30-Sep-2004		7.330%		NY - 74.07%		Paid Off - 3 60		01-Jun-2004
40120370 2			336,347.00		334,827.85			30-Sep-2004		5.370%		CA - 84.51%		Pa id Off - 360		01-Jun-2004
40129058 2			375,239.00		374,532.40			30-Sep-2004		8.365%		NJ - 95.00%		Paid Off - 360		01-Jul-2004
40141178 1			209,932.00		209,575.56			30-Sep-2004		8.865%		NJ - 74.98%		Paid Off - 360		01-Jun-2004
40143349 1			158,000.00		157,476.37			30-Sep-2004		6.990%		OH - 100.00%		Paid Off - 360		01-Jun-2004
40144552 1			212,000.00		211,364.75			30-Sep-2004		7.500%		CA - 67.30%		Paid Off - 360		01-Jun-2004
40145534 1			558,000.00		556,617.11			30-Sep-2004		6.990%		CA - 80.00%		Paid Off - 360		01-Jul-2004
40145807 1			551,600.00		550,232.98			30-Sep-2004		6.990%		CA - 80.00%		Paid Off - 360		01-Jul-2004
40149247 2			680,000.00		677,381.82			30-Sep-2004		6.530%		MD - 80.00%		Paid Off - 360		01-Jun-2004
40149908 1			337,250.00		336,315.18			30-Sep-2004		6.415%		IL - 95.00%		Paid Off - 360		01-Jul-2004
40156044 2			750,000.00		746,985.32			30-Sep-2004		5.990%		CA - 68.18%		Paid Off - 360		01-Jun-2004
40157810 2			351,500.00		350,309.76			30-Sep-2004		6.880%		CA - 94.24%		Paid Off - 360		01-Jun-2004
40164055 1			203,315.00		202,836.77			30-Sep-2004		7.255%		NJ - 7 8.20%		Paid Off - 360		01-Jun-2004
40176109 2			407,000.00		405,916.80			30-Sep-2004		6.625%		IL - 64.60%		Paid Off - 360		01-Jul-2004
40179509 1			209,524.00		209,035.50			30-Sep-2004		8.740%		AZ - 90.00%		Paid Off - 360		01-Jun-2004
40179590 1			317,520.00		317,053.35			30-Sep-2004		7.565%		AZ - 62.26%		Paid Off - 360		01-Jul-2004
40184723 1			75,650.00		75,480.34			30-Sep-2004		7.495%		GA - 85.00%		Paid Off - 360		01-Jul-2004
40186900 2			620,000.00		618,306.16			30-Sep-2004		6.490%		CT - 37.58%		Paid Off - 360		01-Jul-2004
Page 20 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
40188815 1			143,000.00		142,655.24			30-Sep-2004		7.130%		OR - 84.87%		Paid Off - 360		01-Jul-2004
40190027 1			215,279.10		214,664.19			30-Sep-2004		7.740%		NV - 90.00%		Paid Off - 360		01-Jun-2004
40195653 1			33,915.00		33,702.89			30-Sep-2004	8.505%		TX - 85.00%		Paid Off - 360		01-Jul-2004
40197477 2			545,000.00		543,237.63			30-Sep-2004		7.115%		CA - 70.32%		Paid Off - 360		01-Jun-2004
40197931 2			380,000.00		378,857.26			30-Sep-2004		5.990%		CA - 77.24%		Paid Off - 360		01-Jul-2004
40198673 1			248,000.00		247,450.8 8			30-Sep-2004		8.990%		DC - 80.00%		Paid Off - 360		01-Jun-2004
40198905 2			650,000.00		647,953.32			30-Sep-2004		7.250%		NV - 78.31%		Paid Off - 360		01-Jun-2004
40203564 1			150,000.00		149,688.60			30-Sep-2004		7.880%		CA - 75.00%		Paid Off - 360		01-Jul-2004
40206666 1			139,650.00		139,245.77			30-Sep-2004		6.190%		FL - 95.00%		Paid Off - 360		01-Jul-2004
40208639 1			153,500.00		153,181.00			30-Sep-2004		7.875%		CA - 69.77%		Paid Off - 360		01-Jul-2004
40209108 1			248,000.00		247,369.51			30-Sep-2004		6.860%		CA - 80.00%		Paid Off - 360		01-Jul-2004
40209660 1			52,000.00		51,937.31			30-Sep-2004		10.490%		FL - 80.00%		Paid Off - 360		01-Jul-2004
40218679 1			151,683.00		151,259.70			30-Sep-2004		6.380%		FL - 73.99%		Paid Off - 360		01-Jul-2004
40219743 1			126,400.00		126,065.55			30-Sep-2004		6.655%		CA - 80.00%		Paid Off - 360		01-Jul-2004
40221350 1			234,000.00		233,524.86			30-Sep-2004		7.990%		IL - 90.00%		Paid Off - 360		01-Jul-2004
40223299 1			157,500.00		157,265.50			30-Sep-2004		7.500%		WI - 75.00%		Paid Off - 360		01-Aug-2004
40224339 2			352,000.00		351,000.51			30-Sep-2004		6.290%		CA - 80.00%		Paid Off - 360		01-Jul-2004
40224735 1			256, 500.00		255,771.69			30-Sep-2004		6.290%		HI - 90.00%		Paid Off - 360		01-Jul-2004
40224867 2			726,500.00		724,230.75			30-Sep-2004		5.790%		HI - 51.89%		Paid Off - 360		01-Jul-2004
40225989 2			354,900.00		354,020.43			30-Sep-2004		6.990%		CA - 70.64%		Paid Off - 360		01-Jul-2004
40239139 1			60,300.00		60,200.25			30-Sep-2004		8.990%		UT - 90.00%		Paid Off - 360		01-Jul-2004
40239287 2			380,720.00		380,061.29			30-Sep-2004		6.740%		CA - 84.60%		Paid Off - 360		01-Jul-2004
40250383 1			152,910.00		152,629.56			30-Sep-2004		8.490%		FL - 90.00%		Paid Off - 360		01-Jul-2004
40252595 1			237,500.00		237,076.88			30-Sep-2004		6.590%		IL - 95.00%		Paid Off - 360		01-Aug-2004
40253973 1			196,000.00		195,494.83			30-Sep-2004		7.005%		CA - 80.00%		Paid Off - 360		01-Jul-2004
40255754 1			258,400.00		257,622.94			30-Sep-2004		5.990%		CA - 85.00%		Paid Off - 360		01-Jul-2004
40257412 1			97,425.00	97,323.37			30-Sep-2004		9.240%		MI - 75.00%		Paid Off - 360		01-Aug-2004
40260614 2			514,250.00		513,205.83			30-Sep-2004		7.990%		UT - 85.00%		Paid Off - 360		01-Jul-2004
40264434 1			51,300.00		51,254.31			30-Sep-2004		9.990%		NC - 90.00%		Paid Off - 360		01-Jul-2004
40265977 1			199,452.00		198,877.11			30-Sep-2004		7.500%		NV - 95.00%		Paid Off - 360		01-Jul-2004
40274300 1			81,270.00		81,152.02			30-Sep-2004		9.615%		IL - 90.00%		Paid Off - 360		01-Jul-2004
40275679 1			157,500.00		157,167.03			30-Sep-2004		7.790%		IL - 90.00%		Paid Off - 360		01-Jul-2004
40281552 2			566,950.00		565,827.59			30-Sep-2004		8.115%		NJ - 85.00%		Paid Off - 360		01-Jul-2004
40284028 2			553,000.00		551,532.50			30-Sep-2004		6.640%		CA - 82.54%		Paid Off - 360		01-Jul-2004
TOTAL			19,996,962.10		19,935,955.29
Page 21 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
																	&nbs p;
2004-2
October 25, 2004 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
											Group 2		Group 1		Total
Current
Number of Loans Liquidated										0		0		0
Collateral Principal Realized Loss/(Gain) Amount										0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Cumulative
Number of Loans Liquidated										0		0		0
Collateral Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Page 22 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distri bution
DEFAULT SPEEDS
																	;
											Group 2		Group 1		Total
MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.00%		0.00%		0.00%
12 Mo nths Avg MDR										0.00%		0.00%		0.00%
Avg MDR Since Cut-off										0.00%		0.00%		0.00%
CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.00%		0.00%
12 Months Avg CDR										0.00%		0.00%		0.00%
Avg CDR Since Cut-off										0.00%		0.00%		0.00%
SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		0.00%		0.00%
12 Months Avg SDA Approximation										0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation										0.00%		0.00%		0.00%
Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%			&n bsp;
3 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off										0.00%		0.00%		0.00%
Page 23 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Ba cked Certificates
2004-2
October 25, 2004 Distribution
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
	Conditional Default Rate (CDR): 1-((1-MDR)^12)
	SDA Standard Default Assumption: CDR/IF(WAS<61, MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
	Average WASn,m: (WASn + WAS n+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.
Page 24 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Realized Loss Detail Report
Loan Number			Original		Prior				Current		State &
														First
&			Principal		Principal		Realized		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Loss/(Gain)		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
TOTAL
Page 25 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
										Group 2		Group 1		Total
Has Stepdown Condition Occurred (0=No,1=Yes)														0
Has Trigger Event Occured (0=No,1=Yes)														0
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Seni or Enhancement Percentage														22.452686%
Page 26 of 27
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
October 25, 2004 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS
			I-A1										$0.00		$0.00
			II-A1										$0.00		$0.00
			II-A2										$0.00		$0.00
			II-A3										$0.00		$0.00
			M-1										$0.00		$0.00
			M-2										$0.00		$0.00
			M-3										$0.00		$0.00
			M-4										$0.00		$0.00
			M-5										$0.00		$0.00
			M-6										$0.00		$0.00
			M-7										$0.00		$0.00
			M-8										$0.00		$0.00
			M-9										$0.00		$0.00
			B-1										$0.00		$0.00
			B-2										$0.00		$0.00
Page 27 of 27