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):  November 26, 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
     November 26, 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:  Nov 30, 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 November 26, 2004.










			

Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
				Externa l 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					23
										11. Realized Loss Detail Report					26
				Servicer(s)
										12. Triggers and Adj. Cert. Report					27
				HomeQ Servicing Corp.
										13. Additional Certificate Report					28
				Underwriter(s)
				Greenwich Capital Markets
										Total Number of Pages					28
				Dates						Contacts
				Cut-Off Date:			August 01, 2004			Eiko Akiyama
				Close Date:			August 06, 2004			Administrator
				First Distribution Date:			September 27, 2004			(714) 247-6328
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			November 26, 2004
										Factor Information:			(800) 735-7777
				Record Date:			October 29, 2004
										Main Phone Number:			(714) 247-6000
							November 24, 2004
										https://www.tss.db.com/invr
Page 1 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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		360,784,254.28		731,991.16		13,041,768.15		13,773,759.31		0.00		0.00		347,742,486.13
II-A1	FLT	$	39,000,000.00		24,017,558.16		44,032.19		8,047,209.21		8,091,241.40		0.00		0.00		15,970,348.95
II-A2	FLT	$	123,400,000.00		123,400,000.00		245,977.33		0.00		245,977.33		0.00		0.00		123,400,000.00
II-A3	FLT	$	15,594,000.00		15,594,000.00		33,717.69		0.00		33,717.69		0.00		0.00		15,594,000.00
M-1	MEZ	$	26,452,000.00		26,452,000.00		58,370.75		0.00		58,370.75		0.00		0.00		26,452,000.00
M-2	MEZ	$	22,925,000.00		22,925,000.00		51,606.72		0.00		51,606.72		0.00		0.00		22,925,000.00
M-3	MEZ	$	15,871,000.00		15,871,000.00		36,432.76		0.00		36,432.76		0.00		0.00		15,871,000.00
M-4	MEZ	$	10,581,000.00		10,581,000.00		28,521.67		0.00		28,521.67		0.00		0.00		10,581,000.00
M-5	MEZ	$	14,108,000.00		14,108,000.00		39,282.94		0.00		39,282.94		0.00		0.00	14,108,000.00
M-6	MEZ	$	12,344,000.00		12,344,000.00		36,565.67		0.00		36,565.67		0.00		0.00		12,344,000.00
M-7	MEZ	$	10,581,000.00		10,581,000.00		35,105.41		0.00		35,105.41		0.00		0.00		10,581,000.00
M-8	MEZ	$	10,581,000.00		10,581,000.00		36,045.94		0.00		36,045.94		0.00		0.00		10,581,000.00
M-9	MEZ	$	8,817,000.00		8,817,000.00		42,576.31		0.00		42,576.31		0.00		0.00		8,817,000.00
B-1	MEZ	$	8,817,000.00		8,817,000.00		41,400.71		0.00		41,400.71		0.00		0.00		8,817,000.00
B-2	MEZ	$	5,290,000.00		5,290,000.00		24,839.49	0.00		24,839.49		0.00		0.00		5,290,000.00
C	SUB	$	5,290,200.41		5,290,412.25		2,184,249.21		0.00		2,184,249.21		0.00		0.00		5,290,412.25
P	EXE	$	10 0.00		100.00		207,717.10		0.00		207,717.10		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		675,453,324.69		3,878,433.05		21,088,977.36		24,967,410.41		0.00		0.00		654,364,347.33
Page 2 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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	10/25/04		11/25/04		A-Act/360		317350AZ9		37 5,737,000.00		960.204223		1.948148		34.709832		36.657980		925.494391
II-A1	10/25/04		11/25/04		A-Act/360		317350BA 3		39,000,000.00		615.834825		1.129031		206.338698		207.467728		409.496127
II-A2	10/25/04		11/25/04		A-Act/360		317350BB1		123,400,000.00		1,000.000000		1.993333		0.000000		1.993333		1,000.000000
II-A3	10/25/04		11/25/04		A-Act/360		317350BC9		15,594,000.00		1,000.000000		2.162222		0.000000		2.162222		1,000.000000
M-1	10/25/04		11/25/04	A-Act/360		317350BD7		26,452,000.00		1,000.000000		2.206667		0.000000		2.206667		1,000.000000
M-2	10/25/04		11/25/04		A-Act/360		317350BE5		22,925,000.00		1,000.000000		2.251111		0.000000		2.251111		1,000.000000
M-3	10/25/04		11/25/04		A-Act/360		317350BF2		15,871,000.00		1,000.000000		2.295555		0.000000		2.295555		1,000.000000
M-4	10/25/04		11/25/04		A-Act/360		317350BG0		10,581,000.00		1,000.000000		2.695555		0.000000		2.695555		1,000.000000
M-5	10/25/04		11/25/04		A-Act/360		317350BH8		14,108,000.00		1,000.000000		2.784444		0.000000		2.784444		1,000.000000
M-6	10/25/04		11/25/04		A-Act/360		317350BJ4		12,344,000.00		1,000.000000		2.962222		0.000000		2.962222		1,000.000000
M-7	10/25/04		11/25/04		A-Act/360		317350BK1		10,581,000.00		1,000.000000		3.317778		0.000000		3.317778		1,000.000000
M-8	10/25/04		11/25/04		A-Act/360		317350BL9		10,581,000.00		1,000.000000		3.406667		0.000000		3.406667		1,000.000000
M-9	10/25/04		11/25/04		A-Act/360		317 350BM7		8,817,000.00		1,000.000000		4.828889		0.000000		4.828889		1,000.000000
B-1	10/25/04		11/25/04		A-Act/360		317350BN5		8,817,000.00		1,000.000000		4.695555		0.000000		4.695555		1,000.000000
B-2	10/25/04		11/25/04		A-Act/360		317350BP0		5,290,000.00		1,000.000000		4.695556		0.000000		4.695556		1,000.000000
C	10/25/04		11/24/04	A-30/360		GC04A2101		5,290,200.41		1,000.040044		412.885910		0.000000		412.885910		1,000.040044
P	10/25/04		11/24/04		A-30/360		GC04A2102		100.00		1,000.000000		2,077,171.000000		0.000000		2,077,171.000000		1,000.000000
R	10/25/04		11/24/04		A-30/360		GC04A2103		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-X	10/25/04		11/24/04		A-30/360		GC04A2104		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
Page 3 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Distribution to Date - REMIC II
																	Cur rent
	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		2,388,322.55		26,999,997.53		994,516.34		27,994,513.87		30,382,836.42		0.00		0.00		347,742,486.13
II-A1	39,000,000.00		190,944.73		22,206,734.31		822,916.74		2 3,029,651.05		23,220,595.78		0.00		0.00		15,970,348.95
II-A2	123,400,000.00		782,081.77		0.00		0.00		0.00		782,081.77		0.00		0.00		123,400,000.00
II-A3	15,594,000.00		108,049.09		0.00		0.00		0.00		108,049.09		0.00		0.00		15,594,000.00
M-1	26,452,000.00		187,397.73		0.00		0.00		0.00		187,397.73	0.00		0.00		26,452,000.00
M-2	22,925,000.00		165,977.00		0.00		0.00		0.00		165,977.00		0.00		0.00		22,925,000.00
M-3	15,871,000.00		117,374.86		0.00		0.00		0.00		117,374.86		0.00		0.00		15,871,000.00
M-4	10,581,000.00		93,065.77		0.00		0.00		0.00		93,065.77		0.00		0.00		10,581,000.00
M-5	14,108,000.00		128,476.85		0.00		0.00		0.00		128,476.85		0.00		0.00		14,108,000.00
M-6	12,344,000.00		120,093.40		0.00		0.00		0.00		120,093.40		0.00		0.00		12,344,000.00
M-7	10,581,000.00		116,108.85		0.00		0.00		0.00		116,108 .85		0.00		0.00		10,581,000.00
M-8	10,581,000.00		119,400.70		0.00		0.00		0.00		119,400.70		0.00		0.00		10,581,000.00
M-9	8,817,000.00		143,384.01		0.00		0.00		0.00		143,384.01		0.00		0.00		8,817,000.00
B-1	8,817,000.00		139,269.41		0.00		0.00		0.00		139,269.41		0.00		0.00		8,817,000.00
B-2	5,290,000.00		83,558.49		0.00		0.00		0.00		83,558.49		0.00		0.00		5,290,000.00
C	5,290,200.41		6,405,085.59		0.00		0.00		0.00		6,405,085.59		0.00		211.84		5,290,412.25
P	100.00		475,413.83		0.00		0.00		0.00		475,413.83		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		11,764,004.63		49,206,731.84		1,817,43 3.08		51,024,164.92		62,788,169.55		0.00		211.84		654,364,347.33
Page 4 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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	2.28250%		360,784,254.28		731,991.16		0.00		0.00		0.00		731,991.16		731,991.16		0.00
II-A1	2.06250%		24,017,558.16		44,032.19		0.00		0.00		0.00		44,032.19		44,032.19		0.00
II-A2	2.24250%		123,400,000.00		245,977.33		0.00		0.00		0.00		245,977.33		245,977.33		0.00
II-A3	2.43250%		15,594,000.00		33,717.69		0.00		0.00		0.00		33,717.69		33,717.69		0.00
M-1	2.48250%		26,452,000.00		58,370.75		0.00		0.00		0.00		58,370.75		58,370.75		0.00
M-2	2.53250%		22,925,000.00		51,606.72		0.00		0.00		0.00		51,606.72		51,606.72		0.00
M-3	2.58250%		15,871,000.00		36,432.76		0.00		0.00		0.00		36,432.76		36,432.76		0.00
M-4	3.03250%		10,581,000.00		28,521.67		0.00		0.00		0.00		28,521.67		28,521.67		0.00
M-5	3.13250%		14,108,000.00		39,282.94		0.00		0.00		0.00		39,282.94		39,282.94		0.00
M-6	3.33250%		12,344,000.00		36,565.67		0.00		0.00		0.00		36,565.67		36,565.67		0.00
M-7	3.73250%		10,581,000.00		35,105.41		0.00		0.00		0.00		35,105.41		35,105.41		0.00
M-8	3.83250%		10,581,000.00		36,045.94		0.00		0.00		0.00		36,045.94		36,045.94		0.00
M-9	5.43250%		8,817,000.00		42,576.31		0.00	0.00		0.00		42,576.31		42,576.31		0.00
B-1	5.28250%		8,817,000.00		41,400.71		0.00		0.00		0.00		41,400.71		41,400.71		0.00
B-2	5.28250%		5,290,000.00		24,839.49		0.00		0.00		0.00		24,839.49		24,839.49		0.00
C	495.44325%		5,290,412.25		2,184,249.21		0.00		0.00		0.00		2,184,249.21		2,184,249.21		0.00
P	2,492,605.20000%		100.00		0.00		0.00		0.00		0.00		0.00		207,717.10		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			675,453,324.69		3,670,715.95		0.00		0.00		0.00		3,670,715.95		3,878,433.05		0.00
Page 5 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Collection Account Report
SUMMARY
										Group 2		Group 1		Total
Principal Collections										8,047,209.21		13,041,768.15		21,088,977.36
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										8,047,209.21		13,041,768.15		21,088,977.36
Interest Collections										1,119,247.88		2,594,631.65		3,713,879.52
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		207,717.10
Interest Fees										-12,176.93		-30,986.64		-43,163.57
TOTAL NET INTEREST										1,107,070. 95		2,563,645.00		3,878,433.05
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										9,154,280.16		15,605,413.15		24,967,410.41
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											187,722.96		391,212.10		578,935.06
Curtailments											12,695.41		-113,248.32		-100,552.91
Prepayments In Full											7,846,790.84		12,763,804.37		20,610,595.21
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-169,957.99		-338,249.44		-508,207.43
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											169,957.99		338,249.44		508,207.43
TOTAL PRINCIPAL COLLECTED											8,047,209.21		13,041,768.15		21,088,977.36
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 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										1,195,939.78		2,758,241.42		3,954,181.20
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										-3,749.24		-6,055.40		-9,804.64
Delinquent Interest										-1,037,033.91		-2,336,885.44		-3,373,919.34
Compensating Interest										3,749.24		6,055.40		9,804.64
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										960,342.01		2,173,275.66		3,133,617.67
TOTAL INTEREST COLLECTED										1,119,247.88		2,594,631.65		3,713,879.52
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		207,717.10
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		207,717.10
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										11,541.64		29,595.57		41,137.21
Trustee Fees										635.28		1,391.08		2,026.36
TOTAL INTEREST FEES										12,176.93		30,986.64		43,163.57
Page 7 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distri bution
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
STRUCTURAL 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 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Collateral Report
COLLATERAL
											Group 2		Group 1		Total
Loan Count:
Original										628		3,276		3,904
Prior										593		3,197		3,790
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-22		-83		-105
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										571		3,114		3,685
Principal Balance:
Original										226,742,847.53		478,645,452.88		705,388,300.41
Prior										211,760,500.84		463,692,823.85		675,453,324.69
Prefunding										0.00		0.00		0.00
Scheduled Principal										-187,722.96		-391,212.10		-578,935.06
Partial Prepayments										-12,695.41		(113,248.32)		(100,552.91)
Full Voluntary Prepayments										-7,846,790.84		-12,763,804.37		-20,610,595.21
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										203,713,291.63		450,651,055.70		654,364,347.33
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 9 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										6.78248%		7.14328%		7.02730%
Weighted Average Coupon Prior										6.78105%		7.15105%		7.03280%
Weighted Average Coupon Current										6.77841%		7.13811%		7.02534%
Weighted Average Months to Maturity Original										347		350		349
Weighted Average Months to Maturity Prior										345		351		349
Weighted Average Months to Maturity Current										345		350		349
Weighted Avg Remaining Amortization Term Original										347		350		349
Weighted Avg Remaining Amortization Term Prior										345		351		349
Weighted Avg Remaining Amortization Term C urrent										345		350		349
Weighted Average Seasoning Original										3.25		3.20		3.21
Weighted Average Seasoning Prior										4.24		4.19		4.21
Weighted Average Seasoning Current										5.23		5.19		5.21
Page 10 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin O riginal										6.16843%		6.15195%		6.15728%
Weighted Average Margin Prior										6.17077%		6.15382%		6.15926%
Weighted Average Margin Current										6.17305%		6.14928%		6.15675%
Weighted Average Max Rate Original										12.64176%		13.15766%		12.99096%
Weighted Average Max Rate Prior										12.63969%		13.16113%		12.99374%
Weighted Average Max Rate Current										12.63107%		13.15297%		12.98907%
Weighted Average Min Rate Original										6.64176%		7.03852%		6.91031%
Weighted Average Min Rate Prior										6.63969%		7.04319%		6.91366%
Weighted Average Min Rate Current										6.63107%		7.03217%		6.90620%
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		Gro up 1		Total
																	& nbsp;
Current Servicing Fees										11,541.64		29,595.57		41,137.21
Delinquent Servici ng Fees										76,691.90		163,609.78		240,301.67
TOTAL SERVICING FEES										88,233.54		193,205.36		281,438.90
Total Servicing Fees										88,233.54		193,205.36		281,438.90
Compensating Interest										-3,749.24		-6,055.40		-9,804.64
Delinquent Servicing Fees										-76,691.90		-163,609.78		-240,301.67
COLLECTED SERVICING FEES										7,792.40		23,540.18		31,332.58
Total Advaced Interest										960,342.01		2,173,275.66		3,133,617.67
Total Advaced Principal										169,957.99		338,249.44		508,207.43
Aggregate Advances with respect to this Distribution										229,419.83		489,163.12		718,582.95
ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										3,749.24		6,055.40		9,804.64
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00
Compensating Interest										-3,749.24		-6,055.40		-9,804.64
Weighted Average Net Mortgage Rate														6.890365%
Libor For Current Period														1.9325%
Page 11 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				16,309,159.61		7,277,809.86		742,173.80		24,329,143.27
			% Balance				2.49%		1.11%		0.11%		3.72%
			# Loans				87		41		6		134
			% # Loans				2.36%		1.11%		0.16%		3.64%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00				& nbsp;
			% 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		735,940.26		105,851.18		0.00		51,843.16		893,634.60
			% Balance		0.11%		0.02%		0.00%		0.01%		0.14%
			# Loans		6		1		0		1		8
			% # Loans		0.16%		0.03%		0.00%		0.03%		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		735,940.26		16,415,010.79		7,277,809.86		794,016.96		25,222,777.87
			% Balance		0.11%		2.51%		1.11%		0.12%		3.85%
			# Loans		6		88		41		7		142
			% # Loans		0.16%		2.39%		1.11%		0.19%		3.85%
Page 12 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,483,936.56		3,631,670.08		605,258.99		13,720,865.63
			% Balance				2.10%		0.81%		0.13%		3.04%
			# Loans				70		32		5		107
			% # Loans				2.25%		1.03%		0.16%		3.44%
	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%		0.0 0%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		735,940.26		105,851.18		0.00		51,843.16		893,634.60
			% Balance		0.16%		0.02%		0.00%		0.01%		0.20%
			# Loans		6		1		0		1		8
			% # Loans		0.19%		0.03%		0.00%		0.03%		0.26%
	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		735,940.26		9,589,787.74		3,631,670.08		657,102.15		14,614,500.23
			% Balance	0.16%		2.13%		0.81%		0.15%		3.24%
			# Loans		6		71		32		6		115
			% # Loans		0.19%		2.28%		1.03%		0.19%		3.69%
Page 13 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,825,223.05		3,646,139.78		136,914.81		10,608,277.64
			% Balance				3.35%		1.79%		0.07%		5.21%
			# Loans				17		9		1		27
			% # Loans				2.98%		1.58%		0.18%		4.73%
	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		6,825,223.05		3,646,139.78		136,914.81		10,608,277.64
			% Balance		0.00%		3.35%		1.79%		0.07%		5.21%
			# Loans		0		17	9		1		27
			% # Loans		0.00%		2.98%		1.58%		0.18%		4.73%
Page 14 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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 28
Finance America Mortgage Loan Trust 2004-2
Asset Bac ked Certificates
2004-2
November 26, 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 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
											Group 2		Group 1		Total
Current
Number of Paid in Full Loans										22		83		105
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										22		83		105
Curtailments Amount										12,695.41		-113,248.32		-100,552.91
Paid in Full Balance										7,846,790.84		12,763,804.37		20,610,595.21
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										7,859,486.25		12,650,556.05		20,510,042.30
Cumulative
Number of Paid in Full Loans										57		164		221
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										57		164		221
Paid in Full Balance										22,391,537.61		26,914,115.72		49,305,653.33
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										56,185.02		-155,318.35		-99,133.33
Total Prepayment Amount										22,447,722.63		26,758,797.37		49,206,520.00
Page 17 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
VOLUNTARY PREPAYMENTS RATES
											Group 2		Group 1		Total
SMM										3.71%		2.73%		3.04%
3 Months Avg SMM										3.42%		1.90%		2.39%
12 Months Avg SMM										3.42%		1.90%		2.39%
Avg SMM Since Cut-off										3.42%		1.90%		2.39%
CPR										36.51%		28.27%		30.95%
3 Months Avg CPR										34.15%		20.59%		25.16%
12 Months Avg CPR										34.15%		20.59%		25.16%
Avg CPR Since Cut-off										34.15%		20.59%		25.16%
PSA										3,488.15%		2,721.93%		2,973.07%
3 Months Avg PSA Approximation										4,028.20%		2,455.03%		2,989.40%
12 Months Avg PSA Approximation										4,028.20%		2,455.03%		2,989.40%
Avg PSA Since Cut-off Approximation										4,028.20%		2,455.03%		2,989.40%
Page 18 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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 between 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 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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
36988616 1			305,900.00		304,192.11			09-Nov-2004		6.420%		IL - 95.00%		Paid Off - 360		05/01/2004
37016391 1			144,000.00		143,516.79			01-Nov-2004		8.065%		CA - 90.00%		Paid Off - 360		06/01/2004
37031630 1			27,600.00		27,218.93			12-Nov-2004		10.755%		IL - 100.00%		Paid Off - 180		05/01/2004
40055725 1			57,286.00		57,149.11			31-Oct-2004		8.620%		MS - 75.00%		Paid Off - 360		07/01/ 2004
40057895 1			173,545.00		172,942.83			15-Oct-2004		6.755%		NJ - 60.89%		Paid Off - 360		07/01/2004
40058075 1			56,911.00		56,727.52			31-Oct-2004		7.130%		MS - 75.00%		Paid Off - 360		07/01/2004
40060162 1			38,400.00		38,296.32			28-Oct-2004		7.245%		PA - 80.00%		Paid Off - 360		08/01/2004
40061889 1			290,000.00		289,000.63			18-Oct-2004		6.790%		CA - 69.21%		Paid Off - 360		07/01/2004
40087785 2			68,600.00		68,445.38			31-Oct-2004		9.990%		WA - 100.00%		Paid Off - 180		06/01/2004
40088346 1			405,000.00		402,904.77			22-Oct-2004		6.815%		CA - 90.00%		Paid Off - 360		05/01/2004
40105561 1			48,800.00		48,700.37			31-Oct-2004		9.380%		MO - 80.00%		Paid Off - 360		07/01/2004
40107021 1			172,274.00		169,466.61			03-Nov-2004		6.755%		MN - 84.45%		Paid Off - 180		06/01/2004
40110108 2			80,000.00		79,791.59			04-Nov-2004		9.300%		CA - 100.00%		Paid Off - 180		06/01/2004
40111312 2			352,700.00		351,151.00			28-Oct-2004		6.705%		NJ - 84.99%		Paid Off - 360		06/01/2004
40115297 1			93,500.00		93,269.35			31-Oct-2004		8.465%		IN - 85.00%		Paid Off - 360		07/01/2004
40117640 1			136,800.00		136,305.04			31-Oct-2004		7.690%		FL - 95.00%		Paid Off - 360		06/01/2004
40120354 1			141,300.00		140,858.34			31-Oct-2004		8.415%		NJ - 90.00%		Paid Off - 360		06/01/2004
40121287 2			26,000.00		25,650.98			03-Nov-2004		8.990%		CA - 100.00%		Paid Off - 180		06/01/2004
40124083 1			283,000.00		281,682.00			28-Oct-2004		7.630%		HI - 100.00%		P aid Off - 360		06/01/2004
40127706 1			86,403.00		86,137.02			31-Oct-2004		8.490%		NC - 85.00%		Paid Off - 360		06/01/2004
40127862 1			63,660.00		63,516.53			15-Nov-2004		9.990%		CO - 100.00%		Paid Off - 180		06/01/2004
40129553 1			51,750.00		51,601.70			31-Oct-2004		8.840%		MS - 75.00%		Paid Off - 360		06/01/2004
40131005 1			109,600.00		109,221.72			31-Oct-2004		7.925%		WI - 80.00%		Paid Off - 360		06/01/2004
40131724 1			140,000.00		139,375.04			02-Nov-2004		7.990%		IL - 80.00%		Paid Off - 360		06/01/2004
40133662 1			204,000.00		203,445.86			31-Oct-2004		7.990%		TX - 80.00%		Paid Off - 360		07/01/2004
40138349 1			190,629.00		189,900.49			28-Oct-2004		6.255%		NJ - 70.60%		Paid Off - 360		07/01/2004
40138877 1			32,000.00		31,884.20			31-Oct-2004		7.690%		MI - 80.00%		Paid Off - 360		06/01/2004
40139289 1			103,920.00		103,565.98			31-Oct-2004		7.990%		CA - 80.00%		Paid Off - 360		06/01/2004
40140246 1			201,600.00		201,238.04			31-Oct-2004		9.990%		MI - 80.00%		Paid Off - 360	07/01/2004
40140543 1			90,100.00		89,885.58			31-Oct-2004		8.640%		TX - 85.00%		Paid Off - 360		07/01/2004
40142101 1			144,000.00		143,533.59			02-Nov-2004		8.240%		CA - 80.00%		Paid Off - 360		06/01/2004
40142325 1			283,464.00		282,633.85			09-Nov-2004		7.615%		NJ - 89. 99%		Paid Off - 360		07/01/2004
40143935 1			309,000.00		307,703.60			03-Nov-2004		6.940%		CA - 100.00%		Paid Off - 360		06/01/2004
40145401 1			49,400.00		49,221.29			31-Oct-2004		7.690%		MS - 95.00%		Paid Off - 360		06/01/2004
40148942 1			257,969.00		257,090.15			04-Nov-2004		7.990%		CA - 63.70%		Paid Off - 360		06/01/2004
40150781 2			370,936.00		370,083.18			21-Oct-2004		7.370%		CA - 78.92%		Paid Off - 360		08/01/2004
40151755 1			424,800.00		423,859.41			21-Oct-2004		8.990%		MA - 90.00%		Paid Off - 360		07/01/2004
Page 20 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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
40152365 1			225,201.00		224,287.69			29-Oct-2004		7.115%		MA - 79.02%		Paid Off - 360		06/01/2004
40155228 1			154,000.00		153,262.43			31-Oct-2004		6.255%		CA - 64.17%		Paid Off - 360		06/01/2004
40156143 1			188,500.00		187,550.52			01-Nov-2004		5.990%		IL - 89.98%		Paid Off - 360		06/01/2004
40157760 1			38,000.00		37,917.47			31-Oct-2004		10.165%		CO - 97.37%		Paid Off - 180		06/01/2004
40159394 1			75,416.00		75,224.37		01-Nov-2004		6.865%		NJ - 73.94%		Paid Off - 360		08/01/2004
40161895 2			351,000.00		349,804.21			31-Oct-2004		7.990%		FL - 90.00%		Paid Off - 360		06/01/2004
40166704 2			594,000.00		591,174.18			29-Oct-2004		6.290%		CA - 90.00%		Paid Off - 360		06/01/2004
40170680 1			229,50 0.00		228,964.93			20-Oct-2004		8.740%		CA - 90.00%		Paid Off - 360		07/01/2004
40172348 1			70,650.00		70,467.57			31-Oct-2004		8.240%		LA - 90.00%		Paid Off - 360		07/01/2004
40181075 1			93,000.00		92,728.45			31-Oct-2004		7.630%		MO - 84.55%		Paid Off - 360		07/01/2004
40181489 1			293,200.00		292,131.15			10-Nov-2004		6.500%		AZ - 77.16%		Paid Off - 360		07/01/2004
40182917 1			60,500.00		59,554.03			31-Oct-2004		7.240%		CA - 44.81%		Paid Off - 180		06/01/2004
40187908 1			120,000.00		119,720.25			31-Oct-2004		8.740%		PA - 80.00%		Paid Off - 360		07/01/2004
40188229 2			650,000.00		646,960.62			28-Oct-2004		6.380%		NY - 65.00%		Paid Off - 360		06/01/2004
40189458 2			100,000.00		99,709.87			12-Nov-2004		9.550%		MD - 100.00%		Paid Off - 180		06/01/2004
40190134 2			67,660.00		67,476.60			31-Oct-2004		8.000%		IN - 85.00%		Paid Off - 360		07/01/2004
40190365 1			178,000.00		177,123.29			29-Oct-2004		6.455%		CA - 71.20%		Paid Off - 360		06/01/2004
40190944 1			172,900.00		172,328.01			22-Oct-2004		6.999%		CA - 95.00%		Paid Off - 360		07/01/2004
40190951 2			640,000.00	637,297.23			12-Nov-2004		6.015%		IL - 68.09%		Paid Off - 360		07/01/2004
40191389 1			97,325.00		97,086.14			31-Oct-2004		8.490%		MO - 85.00%		Paid Off - 360		07/01/2004
40191421 2			512,000.00		509,587.48			17-Aug-2004		6.340%		CA - 80.00%		Paid Off - 360		06/01/2004
40196339 2			113,000.00		112,780.15			09-Nov-2004		9.610%		CA - 100.00%		Paid Off - 180		07/01/2004
40197519 2			382,500.00		381,001.80			12-Nov-2004		7.290%		CA - 85.00%		Paid Off - 360		06/01/2004
40197980 1			321,300.00		318,835.51			27-Oct-2004		6.650%		MN - 85.68%		Paid Off - 360		07/01/2004
40202640 1			148,175.00		147,633.78			02-Nov-2004		6.490%		IL - 94.98%		Paid Off - 360		07/01/2004
40204398 1			75,520.00		75,377.49			31-Oct-2004		9.755%		SC - 80.00%		Paid Off - 360		07/01/2004
40204794 1			184,000.00		183,243.74			27-Oct-2004		7.045%		MO - 80.00%		Paid Off - 360		06/01/2004
40208217 2			403,750.00		402,540.14			27-Oct-2004		7.500%		CA - 85.00%		Paid Off - 360		07/01/2004
40208670 2			750,000.00		746,706.17			31-Oct-2004		6.705%		CA - 75.00%		Paid Off - 360		06/01/2004
40210163 1			141,000.00		140,680.64			31-Oct-2004		8.880%		VA - 82.94%		Paid Off - 360		07/01/2004
40211633 1			37,500.00		37,429.00			31-Oct-2004		9.740%		MO - 75.00%		Paid Off - 360		07/01/2004
40214314 1			41,600.00		41,507.90			31-Oct-2004		8.990%		MT - 69.92%		Paid Off - 360		07/01/2004
40218000 1			141,300.00		140,987.15			31-Oct-2004		8.990%		CO - 90.00%		Paid Off - 360		07/01/2004
40219206 1			81,400.00		81,117.29			31-Oct-2004		6.750%		CA - 79.80%		Paid Off - 360		07/01/2004
40219933 1			332,500.00		331,398.06			29-Oct-2004		6.990%		VA - 95.00%		Paid Off - 360		07/01/2004
40221236 1			202,500.00		201,935.91			31-Oct-2004		7.865%		GA - 90.00%		Paid Off - 360		07/01/2004
40221798 2			710,000.00		707,647.02			15-Oct-2004		6.990%		CA - 72.82%		Paid Off - 360		07/01/2004
40224024 1			137,700.00		137,146.43			09-Nov-2004		5.990%		CA - 90.00%		Paid Off - 360		07/01/2004
Page 21 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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
40224859 1			45,000.00		44,889.90			31-Oct-2004		8.505%		MT - 86.54%		Paid Off - 360		07/01/2004
40231680 1			188,100.00		187,762.26			31-Oct-2004		9.990%		MN - 90.00%		Paid Off - 360		07/01/2004
40233983 1			88,000.00		87,819.78			31-Oct-2004		9.365%		MA - 84.62%		Paid Off - 360		07/01/2004
40234668 2			412,250.00		411,240.39			31-Oct-2004		8.500%		AZ - 85.00%		Paid Off - 360		07/01/2004
40235681 1			68,000.00		67,871.40			20-Oct-2004		8.340%		MI - 85.00%		Paid Off - 360		08/01/2004
40237992 1			130,400.00		129,967.85			10-Nov-2004		6.990%		NV - 80.00%	Paid Off - 360		07/01/2004
40242752 1			109,800.00		109,580.93			31-Oct-2004		9.490%		OK - 90.00%		Paid Off - 360		07/01/2004
40244287 1			175,000.00		174,403.95			27-Oct-2004		6.850%		IL - 68.36%		Paid Off - 360		07/01/2004
40246845 1			52,000.00		51,898.96			31-Oct-2004		9. 615%		MO - 80.00%		Paid Off - 360		07/01/2004
40247009 1			198,778.00		198,051.96			03-Nov-2004		6.490%		CA - 70.99%		Paid Off - 360		07/01/2004
40248924 1			45,000.00		44,919.22			31-Oct-2004		9.990%		NE - 90.00%		Paid Off - 360		07/01/2004
40252470 1			68,000.00		67,849.44			31-Oct-2004		8.990%		MI - 85.00%		Paid Off - 360		07/01/2004
40252983 1			55,800.00		55,670.02			03-Nov-2004		9.740%		CO - 90.00%		Paid Off - 360		07/01/2004
40260499 1			320,000.00		318,760.39			18-Oct-2004		6.190%		CA - 79.21%		Paid Off - 360		07/01/2004
40261646 2			93,500.00		93,357.00			31-Oct-2004		10.740%		PA - 85.00%		Paid Off - 360		07/01/2004
40266470 1			187,000.00		186,532.91			01-Nov-2004		6.950%		CA - 85.00%		Paid Off - 360		08/01/2004
40270969 1			174,000.00		173,308.40			04-Nov-2004		6.375%		CO - 71.02%		Paid Off - 360		07/01/2004
40274250 1			130,880.00		130,469.12			31-Oct-2004		7.265%		GA - 80.00%		Paid Off - 360		07/01/2004
40281917 1			153,000.00		152,543.37			26-Oct-2004		7.520%		AZ - 90.00%		Paid Off - 360		07/01/2004
40286346 1			225,000.00		224,442.39			20-Oct-2004		6.990%		CA - 58.59%		Paid Off - 360		08/01/2004
40287278 1			55,800.00		55,655.93			31-Oct-2004		8.240%		MO - 90.00%		Paid Off - 360		07/01/2004
40290736 1			167,450.00		167,021.09			31-Oct-20 04		8.280%		NC - 85.00%		Paid Off - 360		07/01/2004
40301632 1			152,100.00		151,488.61			05-Nov-2004		5.990%		VA - 90.00%		Paid Off - 360		07/01/2004
40302077 1			112,000.00		111,570.75			31-Oct-2004		6.240%		FL - 80.00%		Paid Off - 360		07/01/2004
40303042 2			475,000.00		473,575.25			12-Nov-2004		7.495%		NY - 95.00%		Paid Off - 360		07/01/2004
40307415 1			340,000.00		337,931.83			10-Nov-2004		7.715%		IL - 89.47%		Paid Off - 360		08/01/2004
40309940 1			414,000.00		412,624.52			08-Nov-2004		6.990%		CA - 90.00%		Paid Off - 360		07/01/2004
40318560 1			199,500.00		199,085.42			01-Nov-2004		7.875%		IL - 95.00%		Paid Off - 360		08/01/2004
40324071 2			357,600.00		356,760.55			01-Nov-2004		7.265%		IL - 80.00%		Paid Off - 360		08/01/2004
40338113 2			365,000.00		364,050.05			09-Nov-2004		6.740%		CA - 94.81%		Paid Off - 360		08/01/2004
TOTAL			20,687,402.00		20,610,595.21
Page 22 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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 23 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
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 Months 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%
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 24 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 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 pe riod 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 + WASn+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 25 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
TOTAL
Page 26 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certi ficates
2004-2
November 26, 2004 Distribution																	& nbsp;
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
										Gr oup 2		Group 1		Total
Senior Enhancement Percentage														23.176295%
Page 27 of 28
Finance America Mortgage Loan Trust 2004-2
Asset Backed Certificates
2004-2
November 26, 2004 Distribution
Additional Certificat e 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
																	&nbs p;
			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 28 of 28