UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
Annual Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
For the fiscal year ended
December 31, 2004
Commission file number: 333-111379-04
Financial Asset Securities Corp.,
(as Depositor, under the Pooling and Servicing
Agreement dated as of March 1, 2004 providing for the
issuance of Meritage Mortgage Loan Trust 2004-1
Asset-Backed Certificates,, Series 2004-9
(Exact name of Registrant as specified in its Charter)
Delaware 06-1442101
(State or other jurisdiction (I.R.S. Employer
incorporation or organization) Identification Number)
600 Steamboat Road
Greenwich, Connecticut 06830
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(203) 625-2700
Securities registered pursuant to Section 12(b) of the Act:
none
Securities registered pursuant to Section 12(g) of the Act:
none.
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the Registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes X No
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of the Registrant's knowledge, in definitive proxy
or information statements incorporated by reference in Part III of the
Form 10-K or any amendment to this Form 10-K. [x]
Indicate by check mark whether the registrant is an accelerated filer
(as defined in Rule 12b-2 of the Act). Yes No x
State the aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference to the price at
which the common equity was last sold, or the average bid and asked
price of such common equity, as of the of the last business day of
the registrant's most recently completed second fiscal quarter
NOT APPLICABLE.
Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of December 31,2004.
NOT APPLICABLE
DOCUMENTS INCORPORATED BY REFERENCE
None
PART I
ITEM 1. Business.
Not Applicable
ITEM 2. Properties.
Not Applicable
ITEM 3. Legal Proceedings.
None.
ITEM 4. Submission of Matters to a Vote of Security Holders.
No matters were submitted to a vote of Certificateholders during the
fiscal year covered by this report.
PART II
ITEM 5. Market for Registrant's Common Equity and Related Stockholder
Matters and Issuer Purchases of Equity Securities.
The Trust does not issue stock.
There is currently no established public trading market for Registrant's
Certificates. Registrant believes the Certificates are traded primarily
in intra-dealer markets and non-centralized inter-dealer markets.
As of December 31, 2004 the number of registered holders of all class of
Certificates was 12.
ITEM 6. Selected Financial Data.
Not Applicable
ITEM 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations.
Not Applicable
ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk.
Not Applicable
ITEM 8. Financial Statements and Supplementary Data.
Not Applicable
ITEM 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
None.
ITEM 9A Controls and Procedures
Not Applicable
ITEM 9B Other Information
None
PART III
ITEM 10. Directors and Executive Officers of Registrant.
Not Applicable.
ITEM 11. Executive Compensation.
Not Applicable.
ITEM 12. Security Ownership of Certain Beneficial Owners and Management.
Security ownership of certain beneficial owners. Under the Pooling
and Servicing Agreement governing the Trust, the holders of the
Certificates generally do not have the right to vote and are prohibited
from taking part in management of the Trust. For purposes of this Item
and Item 13 only, however, the Certificateholders are treated as "voting
security" holders.
As of December 31, 2004, the following are the only persons known to the
Registrant to be the beneficial owners of more than 5% of any class of
voting securities:
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS I-A1
$276,060,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS II-A1
$110,000,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS II-A2
$142,500,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS II-A3
$23,540,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS M-1
$41,530,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS M-2
$13,840,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS M-3
$10,380,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS M-4
$12,110,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS M-5
$10,380,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS M-6
$10,380,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS M-7
$10,380,000
100.0%
CEDEFAST
CEDE & CO FAST
P.O. BOX 20
BOWLING GREEN STATION
NEW YORK, NEW YORK, 10274
SERIES 2004-1
CLASS M-8
$10,380,000
100.0%
ITEM 13. Certain Relationships and Related Transactions.
None
ITEM 14. Principal Accountant Fees and Services
NOT APPLICABLE
PART IV
ITEM 15. Exhibits, Financial Statement Schedules.
(a) List the following documents filed as a part of the report:
(1) All financial statements:
Exhibit 31 Section 302 Certification
Exhibit 99.1 Servicer's Annual Statement of Compliance for
Year End December 31, 2004
Exhibit 99.2 Servicer's Annual Independent Accountant's Report
for Year End December 31,2004
Monthly Remittance Statement to the Certificate holders dated
as of April 26, 2004, and filed with the Securities and
Exchange Commission on Form 8-K on April 28, 2004.
Monthly Remittance Statement to the Certificate holders dated
as of May 25, 2004, and filed with the Securities and
Exchange Commission on Form 8-K on June 02, 2004.
Monthly Remittance Statement to the Certificate holders dated
as of June 25, 2004, and filed with the Securities and
Exchange Commission on Form 8-K on July 01, 2004.
Monthly Remittance Statement to the Certificate holders dated
as of July 26, 2004, and filed with the Securities and
Exchange Commission on Form 8-K on August 03, 2004.
Monthly Remittance Statement to the Certificate holders dated
as of August 25, 2004, and filed with the Securities and
Exchange Commission on Form 8-K on August 26, 2004.
Monthly Remittance Statement to the Certificate holders dated
as of September 27, 2004, and filed with the Securities and
Exchange Commission on Form 8-K on September 28, 2004.
Monthly Remittance Statement to the Certificate holders dated
as of October 25, 2004, and filed with the Securities and
Exchange Commission on Form 8-K on November 01, 2004.
Monthly Remittance Statement to the Certificate holders dated
as of November 26, 2004, and filed with the Securities and
Exchange Commission on Form 8-K on November 29, 2004.
Monthly Remittance Statement to the Certificate holders dated
as of December 27, 2004, and filed with the Securities and
Exchange Commission on Form 8-K on January 03, 2005.
(2) Not Applicable
(3) Not Applicable
(b) Not Applicable
(c) Not Applicable
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
By: Financial Asset Securities Corp.,
as Depositor on behalf of the Registrant
By: /s/: Robert McGinnis
Robert McGinnis
President
Date: March 30, 2005
EXHIBIT INDEX
Exhibit Document
31 Section 302 Certification
99.1 Servicer's Annual Statement of Compliance for Year End
December 31, 2004
99.2 Servicer's Annual Independent Accountant's Report for Year End
December 31, 2004