Exhibit 99.2

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PricewaterhouseCoopers, LLP
222 Lakeview Avenue
Suite 360
West Palm Beach, FL 33401
Telephone (561) 832-0038
Facsimile (561) 805-8181

INDEPENDENT REGISTERED CERTIFIED PUBLIC ACCOUNTANT'S REPORT

To the Board of Directors
of Ocwen Federal Bank FSB:

We have examined management's assertion, included in the accompanying
Management Assertion on Compliance with USAP, that, except for the
noncompliance related to reconciliations described in the third paragraph
and the noncompliance related to adjustable rate mortgages described in the
fifth paragraph, Ocwen Federal Bank FSB (the "Bank") complied with the
minimum servicing standards identified in the Mortgage Bankers Association
of America's ("MBA's") Uniform Single Attestation Program for Mortgage Bankers
("USAP") as of and for the year ended December 31, 2004.  Management is
responsible for the Bank's compliance with those minimum servicing standards.
Our responsibility is to express an opinion on management's assertion about
the Bank's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, including
examining, on a test basis, evidence about the Bank's compliance with the
minimum servicing standards and performing such other procedures as we
consider necessary in the circumstances.  We believe that our examination
provides a reasonable basis for our opinion.  Our examination does not
provide a legal determination of the Bank's compliance with the minimum
servicing standards.

Our examination disclosed noncompliance with minimum servicing standards
related to account reconciliation and adjustable rate mortgages applicable
to the Bank during the year ended December 31, 2004.  Such noncompliance is
described in the accompanying Management Assertion on Compliance with USAP.

In our opinion, management's assertion that the Bank complied with the
aforementioned minimum servicing standards, except for noncompliance as
described in the accompanying Management Assertion on Compliance with USAP,
as of and for the year ended December 31, 2004 is fairly stated, in all
material respects.

/s/: PricewaterhouseCoopers LLP

March 29, 2005

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MANAGEMENT ASSERTION ON COMPLIANCE WITH USAP

March 11, 2005

As of and for the year ended December 31, 2004, except as specifically noted
below, Ocwen Federal Bank FSB (the "Bank") has complied in all material
respects with the minimum servicing standards set forth in the Mortgage
Bankers Association of America's ("MBA's") Uniform Single Attestation Program
for Mortgage Bankers ("USAP").

    Standard: Reconciliations shall be prepared on a monthly basis for all
    custodial bank accounts and related bank clearing accounts.  These
    reconciliations shall be mathematically accurate, be prepared within forty
    five (45) calendar days of the cutoff date; be reviewed and approved be
    someone other than the person who prepared the reconciliation; and
    documents explanations for reconciling items.  These reconciling items
    shall be resolved within ninety (90) calendar days of their original
    identification.

Certain reconciling items which arose during the year ended December 31,
2004 were not cleared within 90 days of their original identification.
Management has developed and implemented an action plan and continues to
resolve outstanding reconciling items.  All significant reconciling items
have been isolated and reviewed by the Bank, and the Bank believes these
items will not have a material impact on the status of any custodial accounts.

    Standard: Adjustments on ARM loans shall be computed based on the related
    mortgage note and any ARM rider.

Certain ARM loans serviced by the Bank have odd due dates (i.e., due dates
other than the first day of the month).  The mortgage notes or ARM riders for
some of the odd due date loans establish a look-back date for the applicable
index at a certain number of days prior to each Change Date, for example, 45
days prior to the effective Change Date.  The Bank determines the look-
back date by using a 30-day month when subtracting the actual number of look-
back days stated in the Mortgage Note or ARM rider from the effective Change
Date.  Some months that have more or less than 30 days may therefore have a
miscalculated look-back date, resulting in the index rate being used on an
incorrect date, but generally no more than two-business day difference.  This
has resulted in some minor differences in the calculated monthly payment
amount, which could be either higher or lower, depending on the movement in
interest rates.

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Management has implemented a corrective action plan to revise the internal
procedures for processing these types of ARM adjustments, which includes
adjusting the borrower accounts where necessary.  The Bank believes that
these differences did not have a material impact on any mortgagor or
investor.

As of and for this same period, the Bank had in effect a fidelity bond in the
amount of $15,000,000 and an errors and omissions policy in the amount of
$5,000,000.





/s/: Ronald M Faris
     Ronald M Faris
     President

/s/: Scott W. Anderson
     Scott W. Anderson
     Senior Vice President of Residential Assets

/s/: Brian J. LaForest
     Brian J. LaForest
     Director of Investor Reporting

/s/: Paul E. Neff
     Paul E. Neff
     Director of Servicing Operations