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): April 26, 2004
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-26 54-2144738
Pooling and Servicing Agreement) (Commission 54-2144739
(State or other File Number) 54-2144740
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On April 26, 2004 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-2
Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2004-2 Trust, relating to the
April 26, 2004 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-2 Trust
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 4/30/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-2 Trust,
relating to the April 26, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 3/31/04
Distribution Date: 4/26/04
BAA Series: 2004-2
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1A1 05948KLW7 SEQ 6.00000% 116,717,424.37 583,587.10 1,283,929.04
1AR 05948KLX5 SEQ 6.00000% 0.00 0.00 0.00
1AMR 05948KLY3 SEQ 6.00000% 0.00 0.00 0.00
1ALR 05948KLZ0 SEQ 6.00000% 0.00 0.00 0.00
2A1 05948KMA4 SEQ 5.00000% 26,252,480.92 109,385.33 352,965.93
2A2 05948KMB2 SEQ 5.25000% 14,114,000.00 61,748.75 0.00
2A3 05948KMC0 SEQ 6.00000% 2,211,000.00 11,055.00 0.00
2A4 05948KMD8 SEQ 1.49000% 13,126,240.46 16,298.41 176,482.97
2A5 05948KME6 IO 6.51000% 0.00 71,209.85 0.00
2A6 05948KMF3 IO 0.75000% 0.00 8,821.25 0.00
2A7 05948KMG1 SEQ 6.00000% 3,130,000.00 15,650.00 0.00
CBIO 05948KMH9 IO 0.25342% 0.00 13,475.76 0.00
3A1 05948KMJ5 SEQ 6.00000% 29,808,115.24 149,040.57 601,072.42
3IO 05948KMK2 IO 0.24757% 0.00 2,057.63 0.00
4A1 05948KML0 SEQ 4.75000% 36,132,618.56 143,024.98 359,863.52
5A1 05948KMM8 SEQ 5.50000% 35,441,152.31 162,438.65 548,828.08
15IO 05948KMN6 IO 0.33098% 0.00 13,091.89 0.00
PO 05948KMP1 PO 0.00000% 6,527,488.37 0.00 41,858.61
15B1 05948KMU0 SUB 5.11958% 1,039,106.47 4,433.16 3,920.22
15B2 05948KMV8 SUB 5.11958% 148,443.78 633.31 560.03
15B3 05948KMW6 SUB 5.11958% 223,163.81 952.09 841.93
15B4 05948KNB1 SUB 5.11958% 110,585.64 471.79 417.20
15B5 05948KNC9 SUB 5.11958% 74,720.02 318.78 281.90
15B6 05948KND7 SUB 5.11958% 111,790.12 476.93 421.75
30B1 05948KMR7 SUB 5.50000% 4,793,182.43 21,968.75 4,839.95
30B2 05948KMS5 SUB 5.50000% 2,117,871.35 9,706.91 2,138.54
30B3 05948KMT3 SUB 5.50000% 1,225,768.00 5,618.10 1,237.73
30B4 05948KMY2 SUB 6.00000% 1,113,880.45 5,569.40 1,124.75
30B5 05948KMZ9 SUB 6.00000% 669,327.27 3,346.64 675.86
30B6 05948KNA3 SUB 6.00000% 1,003,189.71 5,015.95 1,012.97
30BIO 05948KMQ9 IO 0.50000% 0.00 3,390.34 0.00
SES 05948KMX4 IO 0.00000% 0.00 53,695.25 0.00
Totals 296,091,549.28 1,476,482.57 3,382,473.40
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 115,433,495.33 1,867,516.14 0.00
1AR 0.00 0.00 0.00 0.00
1AMR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00
2A1 0.00 25,899,514.98 462,351.26 0.00
2A2 0.00 14,114,000.00 61,748.75 0.00
2A3 0.00 2,211,000.00 11,055.00 0.00
2A4 0.00 12,949,757.49 192,781.38 0.00
2A5 0.00 0.00 71,209.85 0.00
2A6 0.00 0.00 8,821.25 0.00
2A7 0.00 3,130,000.00 15,650.00 0.00
CBIO 0.00 0.00 13,475.76 0.00
3A1 0.00 29,207,042.82 750,112.99 0.00
3IO 0.00 0.00 2,057.63 0.00
4A1 0.00 35,772,755.03 502,888.50 0.00
5A1 0.00 34,892,324.23 711,266.73 0.00
15IO 0.00 0.00 13,091.89 0.00
PO 0.00 6,485,629.76 41,858.61 0.00
15B1 0.00 1,035,186.25 8,353.38 0.00
15B2 0.00 147,883.75 1,193.34 0.00
15B3 0.00 222,321.88 1,794.02 0.00
15B4 0.00 110,168.43 888.99 0.00
15B5 0.00 74,438.13 600.68 0.00
15B6 0.00 111,368.38 898.68 0.00
30B1 0.00 4,788,342.48 26,808.70 0.00
30B2 0.00 2,115,732.82 11,845.45 0.00
30B3 0.00 1,224,530.27 6,855.83 0.00
30B4 0.00 1,112,755.70 6,694.15 0.00
30B5 0.00 668,651.41 4,022.50 0.00
30B6 0.00 1,002,176.74 6,028.92 0.00
30BIO 0.00 0.00 3,390.34 0.00
SES 0.00 0.00 53,695.25 0.00
Totals 0.00 292,709,075.88 4,858,955.97 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1A1 117,132,000.00 116,717,424.37 120,845.40 1,163,083.64 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1AMR 25.00 0.00 0.00 0.00 0.00 0.00
1ALR 25.00 0.00 0.00 0.00 0.00 0.00
2A1 26,400,000.00 26,252,480.92 38,376.89 314,589.04 0.00 0.00
2A2 14,114,000.00 14,114,000.00 0.00 0.00 0.00 0.00
2A3 2,211,000.00 2,211,000.00 0.00 0.00 0.00 0.00
2A4 13,200,000.00 13,126,240.46 19,188.45 157,294.52 0.00 0.00
2A5 0.00 0.00 0.00 0.00 0.00 0.00
2A6 0.00 0.00 0.00 0.00 0.00 0.00
2A7 3,130,000.00 3,130,000.00 0.00 0.00 0.00 0.00
CBIO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 29,837,000.00 29,808,115.24 28,977.80 572,094.61 0.00 0.00
3IO 0.00 0.00 0.00 0.00 0.00 0.00
4A1 36,738,000.00 36,132,618.56 136,989.10 222,874.43 0.00 0.00
5A1 35,655,000.00 35,441,152.31 133,029.67 415,798.41 0.00 0.00
15IO 0.00 0.00 0.00 0.00 0.00 0.00
PO 6,537,180.00 6,527,488.37 8,231.56 33,627.06 0.00 0.00
15B1 1,043,000.00 1,039,106.47 3,920.22 0.00 0.00 0.00
15B2 149,000.00 148,443.78 560.03 0.00 0.00 0.00
15B3 224,000.00 223,163.81 841.93 0.00 0.00 0.00
15B4 111,000.00 110,585.64 417.20 0.00 0.00 0.00
15B5 75,000.00 74,720.02 281.90 0.00 0.00 0.00
15B6 112,209.00 111,790.12 421.75 0.00 0.00 0.00
30B1 4,798,000.00 4,793,182.43 4,839.95 0.00 0.00 0.00
30B2 2,120,000.00 2,117,871.35 2,138.54 0.00 0.00 0.00
30B3 1,227,000.00 1,225,768.00 1,237.73 0.00 0.00 0.00
30B4 1,115,000.00 1,113,880.45 1,124.75 0.00 0.00 0.00
30B5 670,000.00 669,327.27 675.86 0.00 0.00 0.00
30B6 1,004,198.00 1,003,189.71 1,012.97 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 297,602,687.00 296,091,549.28 503,111.70 2,879,361.71 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1A1 1,283,929.04 115,433,495.33 0.98549923 1,283,929.04
1AR 0.00 0.00 0.00000000 0.00
1AMR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 352,965.93 25,899,514.98 0.98104223 352,965.93
2A2 0.00 14,114,000.00 1.00000000 0.00
2A3 0.00 2,211,000.00 1.00000000 0.00
2A4 176,482.97 12,949,757.49 0.98104223 176,482.97
2A5 0.00 0.00 0.00000000 0.00
2A6 0.00 0.00 0.00000000 0.00
2A7 0.00 3,130,000.00 1.00000000 0.00
CBIO 0.00 0.00 0.00000000 0.00
3A1 601,072.42 29,207,042.82 0.97888671 601,072.42
3IO 0.00 0.00 0.00000000 0.00
4A1 359,863.52 35,772,755.03 0.97372625 359,863.52
5A1 548,828.08 34,892,324.23 0.97860957 548,828.08
15IO 0.00 0.00 0.00000000 0.00
PO 41,858.61 6,485,629.76 0.99211430 41,858.61
15B1 3,920.22 1,035,186.25 0.99250839 3,920.22
15B2 560.03 147,883.75 0.99250839 560.03
15B3 841.93 222,321.88 0.99250839 841.93
15B4 417.20 110,168.43 0.99250838 417.20
15B5 281.90 74,438.13 0.99250840 281.90
15B6 421.75 111,368.38 0.99250844 421.75
30B1 4,839.95 4,788,342.48 0.99798718 4,839.95
30B2 2,138.54 2,115,732.82 0.99798718 2,138.54
30B3 1,237.73 1,224,530.27 0.99798718 1,237.73
30B4 1,124.75 1,112,755.70 0.99798717 1,124.75
30B5 675.86 668,651.41 0.99798718 675.86
30B6 1,012.97 1,002,176.74 0.99798719 1,012.97
SES 0.00 0.00 0.00000000 0.00
Totals 3,382,473.40 292,709,075.88 0.98355656 3,382,473.40
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1A1 117,132,000.00 996.46061170 1.03170269 9.92968309 0.00000000
1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 26,400,000.00 994.41215606 1.45367008 11.91625152 0.00000000
2A2 14,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A3 2,211,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 13,200,000.00 994.41215606 1.45367045 11.91625152 0.00000000
2A5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A6 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A7 3,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CBIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 29,837,000.00 999.03191474 0.97120354 19.17399906 0.00000000
3IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4A1 36,738,000.00 983.52165496 3.72881213 6.06659127 0.00000000
5A1 35,655,000.00 994.00230851 3.73102426 11.66171393 0.00000000
15IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
PO 6,537,180.00 998.51746013 1.25919127 5.14397034 0.00000000
15B1 1,043,000.00 996.26698945 3.75860019 0.00000000 0.00000000
15B2 149,000.00 996.26697987 3.75859060 0.00000000 0.00000000
15B3 224,000.00 996.26700893 3.75861607 0.00000000 0.00000000
15B4 111,000.00 996.26702703 3.75855856 0.00000000 0.00000000
15B5 75,000.00 996.26693333 3.75866667 0.00000000 0.00000000
15B6 112,209.00 996.26696611 3.75861116 0.00000000 0.00000000
30B1 4,798,000.00 998.99592122 1.00874323 0.00000000 0.00000000
30B2 2,120,000.00 998.99591981 1.00874528 0.00000000 0.00000000
30B3 1,227,000.00 998.99592502 1.00874491 0.00000000 0.00000000
30B4 1,115,000.00 998.99591928 1.00874439 0.00000000 0.00000000
30B5 670,000.00 998.99592537 1.00874627 0.00000000 0.00000000
30B6 1,004,198.00 998.99592511 1.00873533 0.00000000 0.00000000
30BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 10.96138579 985.49922592 0.98549923 10.96138579
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 13.36992159 981.04223409 0.98104223 13.36992159
2A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A4 0.00000000 13.36992197 981.04223409 0.98104223 13.36992197
2A5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CBIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 20.14520294 978.88671180 0.97888671 20.14520294
3IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4A1 0.00000000 9.79540312 973.72625157 0.97372625 9.79540312
5A1 0.00000000 15.39273819 978.60957033 0.97860957 15.39273819
15IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
PO 0.00000000 6.40316008 992.11430005 0.99211430 6.40316008
15B1 0.00000000 3.75860019 992.50838926 0.99250839 3.75860019
15B2 0.00000000 3.75859060 992.50838926 0.99250839 3.75859060
15B3 0.00000000 3.75861607 992.50839286 0.99250839 3.75861607
15B4 0.00000000 3.75855856 992.50837838 0.99250838 3.75855856
15B5 0.00000000 3.75866667 992.50840000 0.99250840 3.75866667
15B6 0.00000000 3.75861116 992.50844406 0.99250844 3.75861116
30B1 0.00000000 1.00874323 997.98717799 0.99798718 1.00874323
30B2 0.00000000 1.00874528 997.98717925 0.99798718 1.00874528
30B3 0.00000000 1.00874491 997.98718011 0.99798718 1.00874491
30B4 0.00000000 1.00874439 997.98717489 0.99798717 1.00874439
30B5 0.00000000 1.00874627 997.98717910 0.99798718 1.00874627
30B6 0.00000000 1.00873533 997.98718978 0.99798719 1.00873533
30BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 117,132,000.00 6.00000% 116,717,424.37 583,587.12 0.00 0.00
1AR 50.00 6.00000% 0.00 0.00 0.00 0.00
1AMR 25.00 6.00000% 0.00 0.00 0.00 0.00
1ALR 25.00 6.00000% 0.00 0.00 0.00 0.00
2A1 26,400,000.00 5.00000% 26,252,480.92 109,385.34 0.00 0.00
2A2 14,114,000.00 5.25000% 14,114,000.00 61,748.75 0.00 0.00
2A3 2,211,000.00 6.00000% 2,211,000.00 11,055.00 0.00 0.00
2A4 13,200,000.00 1.49000% 13,126,240.46 16,298.42 0.00 0.00
2A5 0.00 6.51000% 13,126,240.46 71,209.85 0.00 0.00
2A6 0.00 0.75000% 14,114,000.00 8,821.25 0.00 0.00
2A7 3,130,000.00 6.00000% 3,130,000.00 15,650.00 0.00 0.00
CBIO 0.00 0.25342% 63,810,911.55 13,475.77 0.00 0.00
3A1 29,837,000.00 6.00000% 29,808,115.24 149,040.58 0.00 0.00
3IO 0.00 0.24757% 9,973,603.77 2,057.63 0.00 0.00
4A1 36,738,000.00 4.75000% 36,132,618.56 143,024.95 0.00 0.00
5A1 35,655,000.00 5.50000% 35,441,152.31 162,438.61 0.00 0.00
15IO 0.00 0.33098% 47,465,483.07 13,091.89 0.00 0.00
PO 6,537,180.00 0.00000% 6,527,488.37 0.00 0.00 0.00
15B1 1,043,000.00 5.11958% 1,039,106.47 4,433.16 0.00 0.00
15B2 149,000.00 5.11958% 148,443.78 633.31 0.00 0.00
15B3 224,000.00 5.11958% 223,163.81 952.09 0.00 0.00
15B4 111,000.00 5.11958% 110,585.64 471.79 0.00 0.00
15B5 75,000.00 5.11958% 74,720.02 318.78 0.00 0.00
15B6 112,209.00 5.11958% 111,790.12 476.93 0.00 0.00
30B1 4,798,000.00 5.50000% 4,793,182.43 21,968.75 0.00 0.00
30B2 2,120,000.00 5.50000% 2,117,871.35 9,706.91 0.00 0.00
30B3 1,227,000.00 5.50000% 1,225,768.00 5,618.10 0.00 0.00
30B4 1,115,000.00 6.00000% 1,113,880.45 5,569.40 0.00 0.00
30B5 670,000.00 6.00000% 669,327.27 3,346.64 0.00 0.00
30B6 1,004,198.00 6.00000% 1,003,189.71 5,015.95 0.00 0.00
30BIO 0.00 0.50000% 8,136,821.78 3,390.34 0.00 0.00
SES 0.00 0.00000% 296,091,550.34 0.00 0.00 0.00
Totals 297,602,687.00 1,422,787.31 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.03 0.00 583,587.10 0.00 115,433,495.33
1AR 0.00 0.00 0.00 0.00 0.00
1AMR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 109,385.33 0.00 25,899,514.98
2A2 0.00 0.00 61,748.75 0.00 14,114,000.00
2A3 0.00 0.00 11,055.00 0.00 2,211,000.00
2A4 0.00 0.00 16,298.41 0.00 12,949,757.49
2A5 0.00 0.00 71,209.85 0.00 12,949,757.49
2A6 0.00 0.00 8,821.25 0.00 14,114,000.00
2A7 0.00 0.00 15,650.00 0.00 3,130,000.00
CBIO 0.00 0.00 13,475.76 0.00 62,817,776.07
3A1 0.01 0.00 149,040.57 0.00 29,207,042.82
3IO 0.00 0.00 2,057.63 0.00 9,964,451.57
4A1 (0.03) 0.00 143,024.98 0.00 35,772,755.03
5A1 (0.03) 0.00 162,438.65 0.00 34,892,324.23
15IO 0.00 0.00 13,091.89 0.00 46,731,257.54
PO 0.00 0.00 0.00 0.00 6,485,629.76
15B1 0.00 0.00 4,433.16 0.00 1,035,186.25
15B2 0.00 0.00 633.31 0.00 147,883.75
15B3 0.00 0.00 952.09 0.00 222,321.88
15B4 0.00 0.00 471.79 0.00 110,168.43
15B5 0.00 0.00 318.78 0.00 74,438.13
15B6 0.00 0.00 476.93 0.00 111,368.38
30B1 0.00 0.00 21,968.75 0.00 4,788,342.48
30B2 0.00 0.00 9,706.91 0.00 2,115,732.82
30B3 0.00 0.00 5,618.10 0.00 1,224,530.27
30B4 0.00 0.00 5,569.40 0.00 1,112,755.70
30B5 0.00 0.00 3,346.64 0.00 668,651.41
30B6 0.00 0.00 5,015.95 0.00 1,002,176.74
30BIO 0.00 0.00 3,390.34 0.00 8,128,605.57
SES 0.00 0.00 53,695.25 0.00 292,709,076.94
Totals (0.02) 0.00 1,476,482.57 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 117,132,000.00 6.00000% 996.46061170 4.98230304 0.00000000 0.00000000
1AR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 26,400,000.00 5.00000% 994.41215606 4.14338409 0.00000000 0.00000000
2A2 14,114,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000
2A3 2,211,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
2A4 13,200,000.00 1.49000% 994.41215606 1.23472879 0.00000000 0.00000000
2A5 0.00 6.51000% 994.41215606 5.39468561 0.00000000 0.00000000
2A6 0.00 0.75000% 1000.00000000 0.62500000 0.00000000 0.00000000
2A7 3,130,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
CBIO 0.00 0.25342% 992.25716408 0.20954769 0.00000000 0.00000000
3A1 29,837,000.00 6.00000% 999.03191474 4.99515970 0.00000000 0.00000000
3IO 0.00 0.24757% 999.08820013 0.20611946 0.00000000 0.00000000
4A1 36,738,000.00 4.75000% 983.52165496 3.89310659 0.00000000 0.00000000
5A1 35,655,000.00 5.50000% 994.00230851 4.55584378 0.00000000 0.00000000
15IO 0.00 0.33098% 985.02105381 0.27168769 0.00000000 0.00000000
PO 6,537,180.00 0.00000% 998.51746013 0.00000000 0.00000000 0.00000000
15B1 1,043,000.00 5.11958% 996.26698945 4.25039310 0.00000000 0.00000000
15B2 149,000.00 5.11958% 996.26697987 4.25040268 0.00000000 0.00000000
15B3 224,000.00 5.11958% 996.26700893 4.25040179 0.00000000 0.00000000
15B4 111,000.00 5.11958% 996.26702703 4.25036036 0.00000000 0.00000000
15B5 75,000.00 5.11958% 996.26693333 4.25040000 0.00000000 0.00000000
15B6 112,209.00 5.11958% 996.26696611 4.25037207 0.00000000 0.00000000
30B1 4,798,000.00 5.50000% 998.99592122 4.57873072 0.00000000 0.00000000
30B2 2,120,000.00 5.50000% 998.99591981 4.57873113 0.00000000 0.00000000
30B3 1,227,000.00 5.50000% 998.99592502 4.57872861 0.00000000 0.00000000
30B4 1,115,000.00 6.00000% 998.99591928 4.99497758 0.00000000 0.00000000
30B5 670,000.00 6.00000% 998.99592537 4.99498507 0.00000000 0.00000000
30B6 1,004,198.00 6.00000% 998.99592511 4.99498107 0.00000000 0.00000000
30BIO 0.00 0.50000% 998.99592142 0.41624800 0.00000000 0.00000000
SES 0.00 0.00000% 994.92229812 0.00000000 0.00000000 0.00000000
<FN>
(5) All classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00000026 0.00000000 4.98230287 0.00000000 985.49922592
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 4.14338371 0.00000000 981.04223409
2A2 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000
2A3 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
2A4 0.00000000 0.00000000 1.23472803 0.00000000 981.04223409
2A5 0.00000000 0.00000000 5.39468561 0.00000000 981.04223409
2A6 0.00000000 0.00000000 0.62500000 0.00000000 1000.00000000
2A7 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
CBIO 0.00000000 0.00000000 0.20954754 0.00000000 976.81394644
3A1 0.00000034 0.00000000 4.99515937 0.00000000 978.88671180
3IO 0.00000000 0.00000000 0.20611946 0.00000000 998.17139461
4A1 (0.00000082) 0.00000000 3.89310741 0.00000000 973.72625157
5A1 (0.00000084) 0.00000000 4.55584490 0.00000000 978.60957033
15IO 0.00000000 0.00000000 0.27168769 0.00000000 969.78413724
PO 0.00000000 0.00000000 0.00000000 0.00000000 992.11430005
15B1 0.00000000 0.00000000 4.25039310 0.00000000 992.50838926
15B2 0.00000000 0.00000000 4.25040268 0.00000000 992.50838926
15B3 0.00000000 0.00000000 4.25040179 0.00000000 992.50839286
15B4 0.00000000 0.00000000 4.25036036 0.00000000 992.50837838
15B5 0.00000000 0.00000000 4.25040000 0.00000000 992.50840000
15B6 0.00000000 0.00000000 4.25037207 0.00000000 992.50844406
30B1 0.00000000 0.00000000 4.57873072 0.00000000 997.98717799
30B2 0.00000000 0.00000000 4.57873113 0.00000000 997.98717925
30B3 0.00000000 0.00000000 4.57872861 0.00000000 997.98718011
30B4 0.00000000 0.00000000 4.99497758 0.00000000 997.98717489
30B5 0.00000000 0.00000000 4.99498507 0.00000000 997.98717910
30B6 0.00000000 0.00000000 4.99498107 0.00000000 997.98718978
30BIO 0.00000000 0.00000000 0.41624800 0.00000000 997.98717864
SES 0.00000000 0.00000000 0.18042596 0.00000000 983.55656274
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
CBIO-1 0.22559% 46,666,598.47 46,092,135.01 0.00 0.00 98.08661812%
CBIO-2 0.32916% 17,144,313.08 16,725,641.06 0.00 0.00 96.58182110%
3IO-1 0.24757% 9,973,603.77 9,964,451.57 0.00 0.00 99.81713946%
15IO-1 0.36997% 30,342,843.56 30,006,647.40 0.00 0.00 97.03371613%
15IO-2 0.26190% 17,122,639.51 16,724,610.14 0.00 0.00 96.87935013%
PO-1 0.00000% 0.00 0.00 2,997,351.22 2,962,850.56 98.69858404%
PO-2 0.00000% 0.00 0.00 2,274,327.13 2,270,252.60 99.70021242%
PO-3 0.00000% 0.00 0.00 875,093.92 873,458.00 99.71175240%
PO-4 0.00000% 0.00 0.00 171,223.48 170,513.16 99.17880471%
PO-5 0.00000% 0.00 0.00 209,492.61 208,555.43 99.18222803%
30BIO-1 0.50000% 4,793,182.43 4,788,342.48 0.00 0.00 99.79871780%
30BIO-2 0.50000% 2,117,871.35 2,115,732.82 0.00 0.00 99.79871792%
30BIO-3 0.50000% 1,225,768.00 1,224,530.27 0.00 0.00 99.79871801%
SES-1 0.00000% 125,898,724.07 124,573,891.71 0.00 0.00 98.61433279%
SES-2 0.00000% 64,265,838.14 63,729,225.00 0.00 0.00 98.81578874%
SES-3 0.00000% 32,264,690.70 31,660,444.93 0.00 0.00 98.03211148%
SES-4 0.00000% 37,170,093.89 36,806,235.84 0.00 0.00 97.42390101%
SES-5 0.00000% 36,492,203.54 35,939,279.46 0.00 0.00 97.90068363%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,873,144.19
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 4,873,144.19
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 14,188.22
Payment of Interest and Principal 4,858,955.97
Total Withdrawals (Pool Distribution Amount) 4,873,144.19
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 12,337.65
Trustee Fee 1,850.57
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 14,188.22
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 20 0 0 0 20
3,261,636.62 0.00 0.00 0.00 3,261,636.62
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 20 0 0 0 20
3,261,636.62 0.00 0.00 0.00 3,261,636.62
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.925497% 0.000000% 0.000000% 0.000000% 0.925497%
1.112704% 0.000000% 0.000000% 0.000000% 1.112704%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.925497% 0.000000% 0.000000% 0.000000% 0.925497%
1.112704% 0.000000% 0.000000% 0.000000% 1.112704%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 8 0 0 0 8
1,407,600.76 0.00 0.00 0.00 1,407,600.76
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 8 0 0 0 8
1,407,600.76 0.00 0.00 0.00 1,407,600.76
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.796020% 0.000000% 0.000000% 0.000000% 0.796020%
1.128920% 0.000000% 0.000000% 0.000000% 1.128920%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.796020% 0.000000% 0.000000% 0.000000% 0.796020%
1.128920% 0.000000% 0.000000% 0.000000% 1.128920%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
852,225.01 0.00 0.00 0.00 852,225.01
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
852,225.01 0.00 0.00 0.00 852,225.01
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 3.508772% 0.000000% 0.000000% 0.000000% 3.508772%
2.689540% 0.000000% 0.000000% 0.000000% 2.689540%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 3.508772% 0.000000% 0.000000% 0.000000% 3.508772%
2.689540% 0.000000% 0.000000% 0.000000% 2.689540%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
268,742.46 0.00 0.00 0.00 268,742.46
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
268,742.46 0.00 0.00 0.00 268,742.46
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.647249% 0.000000% 0.000000% 0.000000% 0.647249%
0.727908% 0.000000% 0.000000% 0.000000% 0.727908%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.647249% 0.000000% 0.000000% 0.000000% 0.647249%
0.727908% 0.000000% 0.000000% 0.000000% 0.727908%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 5 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 8 0 0 0 8
733,068.39 0.00 0.00 0.00 733,068.39
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 8 0 0 0 8
733,068.39 0.00 0.00 0.00 733,068.39
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.025316% 0.000000% 0.000000% 0.000000% 2.025316%
2.033120% 0.000000% 0.000000% 0.000000% 2.033120%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.025316% 0.000000% 0.000000% 0.000000% 2.025316%
2.033120% 0.000000% 0.000000% 0.000000% 2.033120%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 22,068.49
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.023773%
Weighted Average Pass-Through Rate 5.766273%
Weighted Average Maturity(Stepdown Calculation ) 354
Beginning Scheduled Collateral Loan Count 2,175
Number Of Loans Paid In Full 14
Ending Scheduled Collateral Loan Count 2,161
Beginning Scheduled Collateral Balance 296,091,550.34
Ending Scheduled Collateral Balance 292,709,076.94
Ending Actual Collateral Balance at 31-Mar-2004 293,127,070.21
Monthly P &I Constant 1,989,435.32
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 4,642,168.51
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 292,709,076.94
Scheduled Principal 503,111.69
Unscheduled Principal 2,879,361.71
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.198274 6.132975 6.171295
Weighted Average Net Rate 5.948274 5.882975 5.921295
Weighted Average Maturity 351 357 357
Beginning Loan Count 1,013 397 58
Loans Paid In Full 8 2 1
Ending Loan Count 1,005 395 57
Beginning Scheduled Balance 125,898,724.07 64,265,838.14 32,264,690.70
Ending scheduled Balance 124,573,891.71 63,729,225.00 31,660,444.93
Record Date 03/31/2004 03/31/2004 03/31/2004
Principal And Interest Constant 781,047.33 391,481.49 197,337.51
Scheduled Principal 130,751.72 63,030.85 31,408.41
Unscheduled Principal 1,194,080.64 473,582.29 572,837.36
Scheduled Interest 650,295.61 328,450.64 165,929.10
Servicing Fees 26,228.90 13,388.71 6,721.80
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 786.85 401.66 201.67
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 623,279.86 314,660.27 159,005.63
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.940774 5.875475 5.913795
Group Level Collateral Statement
Group Group 4 Group 5 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 5.287636 5.848812 6.023773
Weighted Average Net Rate 5.037636 5.598812 5.773773
Weighted Average Maturity 175 173 354
Beginning Loan Count 310 397 2,175
Loans Paid In Full 1 2 14
Ending Loan Count 309 395 2,161
Beginning Scheduled Balance 37,170,093.89 36,492,203.54 296,091,550.34
Ending scheduled Balance 36,806,235.84 35,939,279.46 292,709,076.94
Record Date 03/31/2004 03/31/2004 03/31/2004
Principal And Interest Constant 304,747.83 314,821.16 1,989,435.32
Scheduled Principal 140,962.90 136,957.81 503,111.69
Unscheduled Principal 222,895.15 415,966.27 2,879,361.71
Scheduled Interest 163,784.93 177,863.35 1,486,323.63
Servicing Fees 7,743.77 7,602.54 61,685.72
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 232.31 228.08 1,850.57
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 155,808.85 170,032.73 1,422,787.34
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.030136 5.591312 5.766273
Miscellaneous Reporting
Group Group 1
CPR 10.816672%
Subordinate Percentage 5.031635%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.968365%
Group Group 2
CPR 8.501194%
Subordinate Percentage 5.093905%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.906095%
Group Group 3
CPR 19.360136%
Subordinate Percentage 5.038233%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.961767%
Miscellaneous Reporting
Group Group 4
CPR 6.988936%
Subordinate Percentage 2.341290%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.658710%
Group Group 5
CPR 12.898151%
Subordinate Percentage 2.319448%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.680552%