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): May 25, 2004
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2004-B Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-24 54-2141436
Pooling and Servicing Agreement) (Commission 54-2144737
(State or other File Number) IRS EIN
jurisdiction
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 May 25, 2004 a distribution was made to holders of BANC OF AMERICA MORTGAGE
SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2004-B 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-B Trust, relating to the
May 25, 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 MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2004-B 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: 6/1/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-B Trust,
relating to the May 25, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 4/30/04
Distribution Date: 5/25/04
BAM Series: 2004-B
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>
1-A-1 05948X2Y6 SEN 3.47279% 56,530,927.82 163,599.91 7,598,218.98
1-A-R 05948X2Z3 SEN 3.49859% 0.00 0.00 0.00
1-A-LR 05948X3A7 SEN 3.49859% 0.00 0.31 0.00
2-A-1 05948X3B5 SEN 3.59983% 95,919,151.69 287,744.17 8,176,027.25
2-A-2 05948X3C3 SEN 4.17783% 506,123,439.90 1,762,083.00 43,141,322.30
B-1 05948X3D1 SUB 4.02891% 9,471,692.24 31,800.46 4,786.19
B-2 05948X3E9 SUB 4.02891% 4,209,863.00 14,134.28 2,127.31
B-3 05948X3F6 SUB 4.02891% 2,806,242.33 9,421.74 1,418.04
B-4 05948X2S9 SUB 4.02891% 1,402,621.65 4,709.19 708.77
B-5 05948X2T7 SUB 4.02891% 1,051,966.24 3,531.89 531.57
B-6 05948X2U4 SUB 4.02891% 1,404,064.24 4,714.04 709.50
1-IO 05948X2W0 SEN 0.63900% 0.00 31,107.41 0.00
2-IO 05948X2X8 SEN 0.31909% 0.00 164,995.70 0.00
SES 05948X2V2 SEN 0.00000% 0.00 127,966.41 0.00
Totals 678,919,969.11 2,605,808.51 58,925,849.91
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 48,932,708.85 7,761,818.89 0.00
1-A-R 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.31 0.00
2-A-1 0.00 87,743,124.44 8,463,771.42 0.00
2-A-2 0.00 462,982,117.59 44,903,405.30 0.00
B-1 0.00 9,466,906.05 36,586.65 0.00
B-2 0.00 4,207,735.69 16,261.59 0.00
B-3 0.00 2,804,824.29 10,839.78 0.00
B-4 0.00 1,401,912.89 5,417.96 0.00
B-5 0.00 1,051,434.67 4,063.46 0.00
B-6 0.00 1,403,354.74 5,423.54 0.00
1-IO 0.00 0.00 31,107.41 0.00
2-IO 0.00 0.00 164,995.70 0.00
SES 0.00 0.00 127,966.41 0.00
Totals 0.00 619,994,119.21 61,531,658.42 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>
1-A-1 63,317,000.00 56,530,927.82 83,923.51 7,514,295.47 0.00 0.00
1-A-R 50.00 0.00 0.00 0.00 0.00 0.00
1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-A-1 98,549,000.00 95,919,151.69 38,869.15 8,137,158.10 0.00 0.00
2-A-2 520,000,000.00 506,123,439.90 205,095.53 42,936,226.77 0.00 0.00
B-1 9,481,000.00 9,471,692.24 4,786.19 0.00 0.00 0.00
B-2 4,214,000.00 4,209,863.00 2,127.31 0.00 0.00 0.00
B-3 2,809,000.00 2,806,242.33 1,418.04 0.00 0.00 0.00
B-4 1,404,000.00 1,402,621.65 708.77 0.00 0.00 0.00
B-5 1,053,000.00 1,051,966.24 531.57 0.00 0.00 0.00
B-6 1,405,444.00 1,404,064.24 709.50 0.00 0.00 0.00
1-IO 0.00 0.00 0.00 0.00 0.00 0.00
2-IO 0.00 0.00 0.00 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 702,232,544.00 678,919,969.11 338,169.57 58,587,680.34 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>
1-A-1 7,598,218.98 48,932,708.85 0.77282103 7,598,218.98
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 8,176,027.25 87,743,124.44 0.89035023 8,176,027.25
2-A-2 43,141,322.30 462,982,117.59 0.89035023 43,141,322.30
B-1 4,786.19 9,466,906.05 0.99851345 4,786.19
B-2 2,127.31 4,207,735.69 0.99851345 2,127.31
B-3 1,418.04 2,804,824.29 0.99851345 1,418.04
B-4 708.77 1,401,912.89 0.99851345 708.77
B-5 531.57 1,051,434.67 0.99851346 531.57
B-6 709.50 1,403,354.74 0.99851345 709.50
1-IO 0.00 0.00 0.00000000 0.00
2-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 58,925,849.91 619,994,119.21 0.88289004 58,925,849.91
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>
1-A-1 63,317,000.00 892.82385173 1.32544988 118.67737685 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 98,549,000.00 973.31430750 0.39441445 82.56966687 0.00000000
2-A-2 520,000,000.00 973.31430750 0.39441448 82.56966687 0.00000000
B-1 9,481,000.00 999.01827233 0.50481911 0.00000000 0.00000000
B-2 4,214,000.00 999.01827243 0.50481965 0.00000000 0.00000000
B-3 2,809,000.00 999.01827341 0.50482022 0.00000000 0.00000000
B-4 1,404,000.00 999.01826923 0.50482194 0.00000000 0.00000000
B-5 1,053,000.00 999.01827160 0.50481481 0.00000000 0.00000000
B-6 1,405,444.00 999.01827465 0.50482268 0.00000000 0.00000000
1-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-IO 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>
1-A-1 0.00000000 120.00282673 772.82102516 0.77282103 120.00282673
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 82.96408132 890.35022618 0.89035023 82.96408132
2-A-2 0.00000000 82.96408135 890.35022613 0.89035023 82.96408135
B-1 0.00000000 0.50481911 998.51345322 0.99851345 0.50481911
B-2 0.00000000 0.50481965 998.51345278 0.99851345 0.50481965
B-3 0.00000000 0.50482022 998.51345319 0.99851345 0.50482022
B-4 0.00000000 0.50482194 998.51345442 0.99851345 0.50482194
B-5 0.00000000 0.50481481 998.51345679 0.99851346 0.50481481
B-6 0.00000000 0.50482268 998.51345198 0.99851345 0.50482268
1-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-IO 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>
1-A-1 63,317,000.00 3.47279% 56,530,927.82 163,599.91 0.00 0.00
1-A-R 50.00 3.49859% 0.00 0.00 0.00 0.00
1-A-LR 50.00 3.49859% 0.00 0.00 0.00 0.00
2-A-1 98,549,000.00 3.59983% 95,919,151.69 287,744.17 0.00 0.00
2-A-2 520,000,000.00 4.17783% 506,123,439.90 1,762,083.00 0.00 0.00
B-1 9,481,000.00 4.02891% 9,471,692.24 31,800.46 0.00 0.00
B-2 4,214,000.00 4.02891% 4,209,863.00 14,134.28 0.00 0.00
B-3 2,809,000.00 4.02891% 2,806,242.33 9,421.74 0.00 0.00
B-4 1,404,000.00 4.02891% 1,402,621.65 4,709.19 0.00 0.00
B-5 1,053,000.00 4.02891% 1,051,966.24 3,531.89 0.00 0.00
B-6 1,405,444.00 4.02891% 1,404,064.24 4,714.04 0.00 0.00
1-IO 0.00 0.63900% 58,417,671.70 31,107.41 0.00 0.00
2-IO 0.00 0.31909% 620,502,297.88 164,995.70 0.00 0.00
SES 0.00 0.00000% 678,919,969.58 0.00 0.00 0.00
Totals 702,232,544.00 2,477,841.79 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>
1-A-1 0.00 0.00 163,599.91 0.00 48,932,708.85
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.31 0.00 0.00
2-A-1 0.00 0.00 287,744.17 0.00 87,743,124.44
2-A-2 0.00 0.00 1,762,083.00 0.00 462,982,117.59
B-1 0.00 0.00 31,800.46 0.00 9,466,906.05
B-2 0.00 0.00 14,134.28 0.00 4,207,735.69
B-3 0.00 0.00 9,421.74 0.00 2,804,824.29
B-4 0.00 0.00 4,709.19 0.00 1,401,912.89
B-5 0.00 0.00 3,531.89 0.00 1,051,434.67
B-6 0.00 0.00 4,714.04 0.00 1,403,354.74
1-IO 0.00 0.00 31,107.41 0.00 50,816,651.74
2-IO 0.00 0.00 164,995.70 0.00 569,177,467.93
SES 0.00 0.00 127,966.41 0.00 619,994,119.67
Totals 0.00 0.00 2,605,808.51 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>
1-A-1 63,317,000.00 3.47279% 892.82385173 2.58382283 0.00000000 0.00000000
1-A-R 50.00 3.49859% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 3.49859% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 98,549,000.00 3.59983% 973.31430750 2.91980812 0.00000000 0.00000000
2-A-2 520,000,000.00 4.17783% 973.31430750 3.38862115 0.00000000 0.00000000
B-1 9,481,000.00 4.02891% 999.01827233 3.35412509 0.00000000 0.00000000
B-2 4,214,000.00 4.02891% 999.01827243 3.35412435 0.00000000 0.00000000
B-3 2,809,000.00 4.02891% 999.01827341 3.35412602 0.00000000 0.00000000
B-4 1,404,000.00 4.02891% 999.01826923 3.35412393 0.00000000 0.00000000
B-5 1,053,000.00 4.02891% 999.01827160 3.35412156 0.00000000 0.00000000
B-6 1,405,444.00 4.02891% 999.01827465 3.35412866 0.00000000 0.00000000
1-IO 0.00 0.63900% 895.85071629 0.47704050 0.00000000 0.00000000
2-IO 0.00 0.31909% 974.06517865 0.25901043 0.00000000 0.00000000
SES 0.00 0.00000% 966.80220096 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>
1-A-1 0.00000000 0.00000000 2.58382283 0.00000000 772.82102516
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 6.20000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 2.91980812 0.00000000 890.35022618
2-A-2 0.00000000 0.00000000 3.38862115 0.00000000 890.35022613
B-1 0.00000000 0.00000000 3.35412509 0.00000000 998.51345322
B-2 0.00000000 0.00000000 3.35412435 0.00000000 998.51345278
B-3 0.00000000 0.00000000 3.35412602 0.00000000 998.51345319
B-4 0.00000000 0.00000000 3.35412393 0.00000000 998.51345442
B-5 0.00000000 0.00000000 3.35412156 0.00000000 998.51345679
B-6 0.00000000 0.00000000 3.35412866 0.00000000 998.51345198
1-IO 0.00000000 0.00000000 0.47704050 0.00000000 779.28702969
2-IO 0.00000000 0.00000000 0.25901043 0.00000000 893.49540506
SES 0.00000000 0.00000000 0.18222797 0.00000000 882.89004056
<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>
1-SES 0.00000% 58,417,671.70 50,816,651.74 0.00 0.00 77.92870297%
2-SES 0.00000% 620,502,297.88 569,177,467.93 0.00 0.00 89.34954051%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 61,544,955.43
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 16,971.50
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 61,561,926.93
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 30,268.51
Payment of Interest and Principal 61,531,658.42
Total Withdrawals (Pool Distribution Amount) 61,561,926.93
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 28,288.33
Trustee Fee - Wells Fargo Bank, N.A. 1,980.18
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 30,268.51
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 7 0 0 0 7
3,384,396.61 0.00 0.00 0.00 3,384,396.61
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 7 0 0 0 7
3,384,396.61 0.00 0.00 0.00 3,384,396.61
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 0.602410% 0.000000% 0.000000% 0.000000% 0.602410%
0.498289% 0.000000% 0.000000% 0.000000% 0.498289%
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 0.602410% 0.000000% 0.000000% 0.000000% 0.602410%
0.498289% 0.000000% 0.000000% 0.000000% 0.498289%
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 2 0 0 0 2
1,208,145.84 0.00 0.00 0.00 1,208,145.84
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
1,208,145.84 0.00 0.00 0.00 1,208,145.84
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.960784% 0.000000% 0.000000% 0.000000% 1.960784%
2.065597% 0.000000% 0.000000% 0.000000% 2.065597%
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 1.960784% 0.000000% 0.000000% 0.000000% 1.960784%
2.065597% 0.000000% 0.000000% 0.000000% 2.065597%
<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 5 0 0 0 5
2,176,250.77 0.00 0.00 0.00 2,176,250.77
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 5 0 0 0 5
2,176,250.77 0.00 0.00 0.00 2,176,250.77
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.471698% 0.000000% 0.000000% 0.000000% 0.471698%
0.350604% 0.000000% 0.000000% 0.000000% 0.350604%
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 0.471698% 0.000000% 0.000000% 0.000000% 0.471698%
0.350604% 0.000000% 0.000000% 0.000000% 0.350604%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 16,971.50
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.643874%
Weighted Average Net Coupon 4.383118%
Weighted Average Pass-Through Rate 4.379617%
Weighted Average Maturity(Stepdown Calculation ) 354
Beginning Scheduled Collateral Loan Count 1,255
Number Of Loans Paid In Full 93
Ending Scheduled Collateral Loan Count 1,162
Beginning Scheduled Collateral Balance 678,919,969.58
Ending Scheduled Collateral Balance 619,994,119.67
Ending Actual Collateral Balance at 30-Apr-2004 679,204,165.67
Monthly P &I Constant 2,965,518.69
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 619,994,119.67
Scheduled Principal 338,169.57
Unscheduled Principal 58,587,680.34
Miscellaneous Reporting
Total Senior% 97.003115%
Total Subordinate% 2.996885%
Group Level Collateral Statement
Group Group 1 Group 2 Total
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.490287 4.658334 4.643874
Weighted Average Net Rate 4.240287 4.408334 4.383118
Weighted Average Maturity 353 356 354
Beginning Loan Count 116 1,139 1,255
Loans Paid In Full 14 79 93
Ending Loan Count 102 1,060 1,162
Beginning Scheduled Balance 58,417,671.70 620,502,297.88 678,919,969.58
Ending scheduled Balance 50,816,651.74 569,177,467.93 619,994,119.67
Record Date 04/30/2004 04/30/2004 04/30/2004
Principal And Interest Constant 305,317.93 2,660,200.76 2,965,518.69
Scheduled Principal 86,724.49 251,445.08 338,169.57
Unscheduled Principal 7,514,295.47 51,073,384.87 58,587,680.34
Scheduled Interest 218,593.44 2,408,755.68 2,627,349.12
Servicing Fees 12,170.34 129,271.30 141,441.64
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 170.39 1,809.79 1,980.18
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 6,085.18 0.00 6,085.18
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 200,167.53 2,277,674.59 2,477,842.12
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 4.111787 4.404834 4.379617
Miscellaneous Reporting
Group Group 1
CPR 80.888965%
Senior Prepayment% 100.000000%
Subordinate% 3.229748%
Subordinate Prepayment% 0.000000%
Senior% 96.770252%
Group Group 2
CPR 64.341428%
Senior Prepayment% 100.000000%
Subordinate% 2.974962%
Subordinate Prepayment% 0.000000%
Senior% 97.025038%