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 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 May 25, 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 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 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: 5/28/04
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 May 25, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 4/30/04
Distribution Date: 5/25/04
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% 115,433,495.33 577,167.47 1,835,580.68
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% 25,899,514.98 107,914.64 488,689.04
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 1.50000% 12,949,757.49 16,187.20 244,344.52
2A5 05948KME6 IO 6.50000% 0.00 70,144.52 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 0.24924% 0.00 13,047.32 0.00
3A1 05948KMJ5 SEQ 6.00000% 29,207,042.82 146,035.21 29,956.08
3IO 05948KMK2 IO 0.24758% 0.00 2,055.80 0.00
4A1 05948KML0 SEQ 4.75000% 35,772,755.03 141,600.50 174,735.47
5A1 05948KMM8 SEQ 5.50000% 34,892,324.23 159,923.17 720,653.50
15IO 05948KMN6 IO 0.32375% 0.00 12,607.77 0.00
PO 05948KMP1 PO 0.00000% 6,485,629.76 0.00 45,504.92
15B1 05948KMU0 SUB 5.11959% 1,035,186.25 4,416.44 3,960.70
15B2 05948KMV8 SUB 5.11959% 147,883.75 630.92 565.81
15B3 05948KMW6 SUB 5.11959% 222,321.88 948.50 850.62
15B4 05948KNB1 SUB 5.11959% 110,168.43 470.01 421.51
15B5 05948KNC9 SUB 5.11959% 74,438.13 317.58 284.81
15B6 05948KND7 SUB 5.11959% 111,368.38 475.13 426.10
30B1 05948KMR7 SUB 5.50000% 4,788,342.48 21,946.57 4,885.04
30B2 05948KMS5 SUB 5.50000% 2,115,732.82 9,697.11 2,158.46
30B3 05948KMT3 SUB 5.50000% 1,224,530.27 5,612.43 1,249.26
30B4 05948KMY2 SUB 6.00000% 1,112,755.70 5,563.78 1,135.23
30B5 05948KMZ9 SUB 6.00000% 668,651.41 3,343.26 682.15
30B6 05948KNA3 SUB 6.00000% 1,002,176.74 5,010.88 1,022.41
30BIO 05948KMQ9 IO 0.50000% 0.00 3,386.92 0.00
SES 05948KMX4 IO 0.00000% 0.00 55,432.23 0.00
Totals 292,709,075.88 1,461,210.36 3,557,106.31
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 113,597,914.65 2,412,748.15 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 25,410,825.95 596,603.68 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 12,705,412.97 260,531.72 0.00
2A5 0.00 0.00 70,144.52 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 13,047.32 0.00
3A1 0.00 29,177,086.75 175,991.29 0.00
3IO 0.00 0.00 2,055.80 0.00
4A1 0.00 35,598,019.56 316,335.97 0.00
5A1 0.00 34,171,670.73 880,576.67 0.00
15IO 0.00 0.00 12,607.77 0.00
PO 0.00 6,440,124.84 45,504.92 0.00
15B1 0.00 1,031,225.55 8,377.14 0.00
15B2 0.00 147,317.94 1,196.73 0.00
15B3 0.00 221,471.26 1,799.12 0.00
15B4 0.00 109,746.92 891.52 0.00
15B5 0.00 74,153.32 602.39 0.00
15B6 0.00 110,942.27 901.23 0.00
30B1 0.00 4,783,457.44 26,831.61 0.00
30B2 0.00 2,113,574.36 11,855.57 0.00
30B3 0.00 1,223,281.01 6,861.69 0.00
30B4 0.00 1,111,620.48 6,699.01 0.00
30B5 0.00 667,969.26 4,025.41 0.00
30B6 0.00 1,001,154.34 6,033.29 0.00
30BIO 0.00 0.00 3,386.92 0.00
SES 0.00 0.00 55,432.23 0.00
Totals 0.00 289,151,969.60 5,018,316.67 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 117,132,000.00 115,433,495.33 120,916.17 1,714,664.51 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 25,899,514.98 38,390.11 450,298.92 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 12,949,757.49 19,195.06 225,149.46 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 29,207,042.82 28,575.90 1,380.18 0.00 0.00
3IO 0.00 0.00 0.00 0.00 0.00 0.00
4A1 36,738,000.00 35,772,755.03 138,077.76 36,657.71 0.00 0.00
5A1 35,655,000.00 34,892,324.23 132,287.39 588,366.11 0.00 0.00
15IO 0.00 0.00 0.00 0.00 0.00 0.00
PO 6,537,180.00 6,485,629.76 8,221.60 37,283.32 0.00 0.00
15B1 1,043,000.00 1,035,186.25 3,960.70 0.00 0.00 0.00
15B2 149,000.00 147,883.75 565.81 0.00 0.00 0.00
15B3 224,000.00 222,321.88 850.62 0.00 0.00 0.00
15B4 111,000.00 110,168.43 421.51 0.00 0.00 0.00
15B5 75,000.00 74,438.13 284.81 0.00 0.00 0.00
15B6 112,209.00 111,368.38 426.10 0.00 0.00 0.00
30B1 4,798,000.00 4,788,342.48 4,885.04 0.00 0.00 0.00
30B2 2,120,000.00 2,115,732.82 2,158.46 0.00 0.00 0.00
30B3 1,227,000.00 1,224,530.27 1,249.26 0.00 0.00 0.00
30B4 1,115,000.00 1,112,755.70 1,135.23 0.00 0.00 0.00
30B5 670,000.00 668,651.41 682.15 0.00 0.00 0.00
30B6 1,004,198.00 1,002,176.74 1,022.41 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 297,602,687.00 292,709,075.88 503,306.09 3,053,800.21 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 1,835,580.68 113,597,914.65 0.96982818 1,835,580.68
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 488,689.04 25,410,825.95 0.96253129 488,689.04
2A2 0.00 14,114,000.00 1.00000000 0.00
2A3 0.00 2,211,000.00 1.00000000 0.00
2A4 244,344.52 12,705,412.97 0.96253129 244,344.52
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 29,956.08 29,177,086.75 0.97788272 29,956.08
3IO 0.00 0.00 0.00000000 0.00
4A1 174,735.47 35,598,019.56 0.96896999 174,735.47
5A1 720,653.50 34,171,670.73 0.95839772 720,653.50
15IO 0.00 0.00 0.00000000 0.00
PO 45,504.92 6,440,124.84 0.98515336 45,504.92
15B1 3,960.70 1,031,225.55 0.98871098 3,960.70
15B2 565.81 147,317.94 0.98871101 565.81
15B3 850.62 221,471.26 0.98871098 850.62
15B4 421.51 109,746.92 0.98871099 421.51
15B5 284.81 74,153.32 0.98871093 284.81
15B6 426.10 110,942.27 0.98871098 426.10
30B1 4,885.04 4,783,457.44 0.99696904 4,885.04
30B2 2,158.46 2,113,574.36 0.99696904 2,158.46
30B3 1,249.26 1,223,281.01 0.99696904 1,249.26
30B4 1,135.23 1,111,620.48 0.99696904 1,135.23
30B5 682.15 667,969.26 0.99696904 682.15
30B6 1,022.41 1,001,154.34 0.99696906 1,022.41
SES 0.00 0.00 0.00000000 0.00
Totals 3,557,106.31 289,151,969.60 0.97160403 3,557,106.31
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 117,132,000.00 985.49922592 1.03230688 14.63873672 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 26,400,000.00 981.04223409 1.45417083 17.05677727 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 13,200,000.00 981.04223409 1.45417121 17.05677727 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 29,837,000.00 978.88671180 0.95773369 0.04625733 0.00000000
3IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4A1 36,738,000.00 973.72625157 3.75844521 0.99781452 0.00000000
5A1 35,655,000.00 978.60957033 3.71020586 16.50164381 0.00000000
15IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
PO 6,537,180.00 992.11430005 1.25766768 5.70327266 0.00000000
15B1 1,043,000.00 992.50838926 3.79741131 0.00000000 0.00000000
15B2 149,000.00 992.50838926 3.79738255 0.00000000 0.00000000
15B3 224,000.00 992.50839286 3.79741071 0.00000000 0.00000000
15B4 111,000.00 992.50837838 3.79738739 0.00000000 0.00000000
15B5 75,000.00 992.50840000 3.79746667 0.00000000 0.00000000
15B6 112,209.00 992.50844406 3.79737811 0.00000000 0.00000000
30B1 4,798,000.00 997.98717799 1.01814089 0.00000000 0.00000000
30B2 2,120,000.00 997.98717925 1.01814151 0.00000000 0.00000000
30B3 1,227,000.00 997.98718011 1.01814181 0.00000000 0.00000000
30B4 1,115,000.00 997.98717489 1.01814350 0.00000000 0.00000000
30B5 670,000.00 997.98717910 1.01813433 0.00000000 0.00000000
30B6 1,004,198.00 997.98718978 1.01813587 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 15.67104361 969.82818231 0.96982818 15.67104361
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 18.51094848 962.53128598 0.96253129 18.51094848
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 18.51094848 962.53128561 0.96253129 18.51094848
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 1.00399102 977.88272112 0.97788272 1.00399102
3IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4A1 0.00000000 4.75625973 968.96999183 0.96896999 4.75625973
5A1 0.00000000 20.21184967 958.39772066 0.95839772 20.21184967
15IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
PO 0.00000000 6.96094034 985.15335971 0.98515336 6.96094034
15B1 0.00000000 3.79741131 988.71097795 0.98871098 3.79741131
15B2 0.00000000 3.79738255 988.71100671 0.98871101 3.79738255
15B3 0.00000000 3.79741071 988.71098214 0.98871098 3.79741071
15B4 0.00000000 3.79738739 988.71099099 0.98871099 3.79738739
15B5 0.00000000 3.79746667 988.71093333 0.98871093 3.79746667
15B6 0.00000000 3.79737811 988.71097684 0.98871098 3.79737811
30B1 0.00000000 1.01814089 996.96903710 0.99696904 1.01814089
30B2 0.00000000 1.01814151 996.96903774 0.99696904 1.01814151
30B3 0.00000000 1.01814181 996.96903830 0.99696904 1.01814181
30B4 0.00000000 1.01814350 996.96904036 0.99696904 1.01814350
30B5 0.00000000 1.01813433 996.96904478 0.99696904 1.01813433
30B6 0.00000000 1.01813587 996.96906387 0.99696906 1.01813587
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% 115,433,495.33 577,167.48 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% 25,899,514.98 107,914.65 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 1.50000% 12,949,757.49 16,187.20 0.00 0.00
2A5 0.00 6.50000% 12,949,757.49 70,144.52 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 0.24924% 62,817,776.07 13,047.32 0.00 0.00
3A1 29,837,000.00 6.00000% 29,207,042.82 146,035.21 0.00 0.00
3IO 0.00 0.24758% 9,964,451.57 2,055.80 0.00 0.00
4A1 36,738,000.00 4.75000% 35,772,755.03 141,600.49 0.00 0.00
5A1 35,655,000.00 5.50000% 34,892,324.23 159,923.15 0.00 0.00
15IO 0.00 0.32375% 46,731,257.54 12,607.77 0.00 0.00
PO 6,537,180.00 0.00000% 6,485,629.76 0.00 0.00 0.00
15B1 1,043,000.00 5.11959% 1,035,186.25 4,416.44 0.00 0.00
15B2 149,000.00 5.11959% 147,883.75 630.92 0.00 0.00
15B3 224,000.00 5.11959% 222,321.88 948.50 0.00 0.00
15B4 111,000.00 5.11959% 110,168.43 470.01 0.00 0.00
15B5 75,000.00 5.11959% 74,438.13 317.58 0.00 0.00
15B6 112,209.00 5.11959% 111,368.38 475.13 0.00 0.00
30B1 4,798,000.00 5.50000% 4,788,342.48 21,946.57 0.00 0.00
30B2 2,120,000.00 5.50000% 2,115,732.82 9,697.11 0.00 0.00
30B3 1,227,000.00 5.50000% 1,224,530.27 5,612.43 0.00 0.00
30B4 1,115,000.00 6.00000% 1,112,755.70 5,563.78 0.00 0.00
30B5 670,000.00 6.00000% 668,651.41 3,343.26 0.00 0.00
30B6 1,004,198.00 6.00000% 1,002,176.74 5,010.88 0.00 0.00
30BIO 0.00 0.50000% 8,128,605.57 3,386.92 0.00 0.00
SES 0.00 0.00000% 292,709,076.94 0.00 0.00 0.00
Totals 297,602,687.00 1,405,778.12 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 0.01 0.00 577,167.47 0.00 113,597,914.65
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 0.00 107,914.64 0.00 25,410,825.95
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 16,187.20 0.00 12,705,412.97
2A5 0.00 0.00 70,144.52 0.00 12,705,412.97
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 13,047.32 0.00 61,415,182.14
3A1 0.00 0.00 146,035.21 0.00 29,177,086.75
3IO 0.00 0.00 2,055.80 0.00 9,955,293.19
4A1 (0.01) 0.00 141,600.50 0.00 35,598,019.56
5A1 (0.02) 0.00 159,923.17 0.00 34,171,670.73
15IO 0.00 0.00 12,607.77 0.00 46,017,754.16
PO 0.00 0.00 0.00 0.00 6,440,124.84
15B1 0.00 0.00 4,416.44 0.00 1,031,225.55
15B2 0.00 0.00 630.92 0.00 147,317.94
15B3 0.00 0.00 948.50 0.00 221,471.26
15B4 0.00 0.00 470.01 0.00 109,746.92
15B5 0.00 0.00 317.58 0.00 74,153.32
15B6 0.00 0.00 475.13 0.00 110,942.27
30B1 0.00 0.00 21,946.57 0.00 4,783,457.44
30B2 0.00 0.00 9,697.11 0.00 2,113,574.36
30B3 0.00 0.00 5,612.43 0.00 1,223,281.01
30B4 0.00 0.00 5,563.78 0.00 1,111,620.48
30B5 0.00 0.00 3,343.26 0.00 667,969.26
30B6 0.00 0.00 5,010.88 0.00 1,001,154.34
30BIO 0.00 0.00 3,386.92 0.00 8,120,312.81
SES 0.00 0.00 55,432.23 0.00 289,151,970.63
Totals (0.02) 0.00 1,461,210.36 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% 985.49922592 4.92749616 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% 981.04223409 4.08767614 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 1.50000% 981.04223409 1.22630303 0.00000000 0.00000000
2A5 0.00 6.50000% 981.04223409 5.31397879 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 0.24924% 976.81394644 0.20288531 0.00000000 0.00000000
3A1 29,837,000.00 6.00000% 978.88671180 4.89443342 0.00000000 0.00000000
3IO 0.00 0.24758% 998.17139461 0.20593615 0.00000000 0.00000000
4A1 36,738,000.00 4.75000% 973.72625157 3.85433312 0.00000000 0.00000000
5A1 35,655,000.00 5.50000% 978.60957033 4.48529379 0.00000000 0.00000000
15IO 0.00 0.32375% 969.78413724 0.26164105 0.00000000 0.00000000
PO 6,537,180.00 0.00000% 992.11430005 0.00000000 0.00000000 0.00000000
15B1 1,043,000.00 5.11959% 992.50838926 4.23436242 0.00000000 0.00000000
15B2 149,000.00 5.11959% 992.50838926 4.23436242 0.00000000 0.00000000
15B3 224,000.00 5.11959% 992.50839286 4.23437500 0.00000000 0.00000000
15B4 111,000.00 5.11959% 992.50837838 4.23432432 0.00000000 0.00000000
15B5 75,000.00 5.11959% 992.50840000 4.23440000 0.00000000 0.00000000
15B6 112,209.00 5.11959% 992.50844406 4.23433058 0.00000000 0.00000000
30B1 4,798,000.00 5.50000% 997.98717799 4.57410796 0.00000000 0.00000000
30B2 2,120,000.00 5.50000% 997.98717925 4.57410849 0.00000000 0.00000000
30B3 1,227,000.00 5.50000% 997.98718011 4.57410758 0.00000000 0.00000000
30B4 1,115,000.00 6.00000% 997.98717489 4.98993722 0.00000000 0.00000000
30B5 670,000.00 6.00000% 997.98717910 4.98994030 0.00000000 0.00000000
30B6 1,004,198.00 6.00000% 997.98718978 4.98993226 0.00000000 0.00000000
30BIO 0.00 0.50000% 997.98717864 0.41582812 0.00000000 0.00000000
SES 0.00 0.00000% 983.55656274 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 0.00000009 0.00000000 4.92749607 0.00000000 969.82818231
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 4.08767576 0.00000000 962.53128598
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 1.22630303 0.00000000 962.53128561
2A5 0.00000000 0.00000000 5.31397879 0.00000000 962.53128561
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 0.20288531 0.00000000 955.00366601
3A1 0.00000000 0.00000000 4.89443342 0.00000000 977.88272112
3IO 0.00000000 0.00000000 0.20593615 0.00000000 997.25397002
4A1 (0.00000027) 0.00000000 3.85433339 0.00000000 968.96999183
5A1 (0.00000056) 0.00000000 4.48529435 0.00000000 958.39772066
15IO 0.00000000 0.00000000 0.26164105 0.00000000 954.97725431
PO 0.00000000 0.00000000 0.00000000 0.00000000 985.15335971
15B1 0.00000000 0.00000000 4.23436242 0.00000000 988.71097795
15B2 0.00000000 0.00000000 4.23436242 0.00000000 988.71100671
15B3 0.00000000 0.00000000 4.23437500 0.00000000 988.71098214
15B4 0.00000000 0.00000000 4.23432432 0.00000000 988.71099099
15B5 0.00000000 0.00000000 4.23440000 0.00000000 988.71093333
15B6 0.00000000 0.00000000 4.23433058 0.00000000 988.71097684
30B1 0.00000000 0.00000000 4.57410796 0.00000000 996.96903710
30B2 0.00000000 0.00000000 4.57410849 0.00000000 996.96903774
30B3 0.00000000 0.00000000 4.57410758 0.00000000 996.96903830
30B4 0.00000000 0.00000000 4.98993722 0.00000000 996.96904036
30B5 0.00000000 0.00000000 4.98994030 0.00000000 996.96904478
30B6 0.00000000 0.00000000 4.98993226 0.00000000 996.96906387
30BIO 0.00000000 0.00000000 0.41582812 0.00000000 996.96903745
SES 0.00000000 0.00000000 0.18626253 0.00000000 971.60402853
<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 0.22478% 46,092,135.01 44,986,517.28 0.00 0.00 95.73380231%
CBIO-2 0.31666% 16,725,641.06 16,428,664.86 0.00 0.00 94.86693902%
3IO-1 0.24758% 9,964,451.57 9,955,293.19 0.00 0.00 99.72539700%
15IO-1 0.37145% 30,006,647.40 29,855,762.95 0.00 0.00 96.54579495%
15IO-2 0.23817% 16,724,610.14 16,161,991.21 0.00 0.00 93.62031115%
PO-1 0.00000% 0.00 0.00 2,962,850.56 2,944,348.22 98.08223343%
PO-2 0.00000% 0.00 0.00 2,270,252.60 2,246,261.85 98.64663677%
PO-3 0.00000% 0.00 0.00 873,458.00 872,532.47 99.60609624%
PO-4 0.00000% 0.00 0.00 170,513.16 169,801.19 98.76468809%
PO-5 0.00000% 0.00 0.00 208,555.43 207,181.11 98.52864582%
30BIO-1 0.50000% 4,788,342.48 4,783,457.44 0.00 0.00 99.69690371%
30BIO-2 0.50000% 2,115,732.82 2,113,574.36 0.00 0.00 99.69690377%
30BIO-3 0.50000% 1,224,530.27 1,223,281.01 0.00 0.00 99.69690383%
SES-1 0.00000% 124,573,891.71 122,713,337.73 0.00 0.00 97.14149376%
SES-2 0.00000% 63,729,225.00 62,969,084.90 0.00 0.00 97.63714827%
SES-3 0.00000% 31,660,444.93 31,628,017.52 0.00 0.00 97.93170457%
SES-4 0.00000% 36,806,235.84 36,627,457.47 0.00 0.00 96.95068537%
SES-5 0.00000% 35,939,279.46 35,214,073.01 0.00 0.00 95.92517916%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,032,342.21
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 5,032,342.21
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 14,025.54
Payment of Interest and Principal 5,018,316.67
Total Withdrawals (Pool Distribution Amount) 5,032,342.21
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 12,196.16
Trustee Fee 1,829.38
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 14,025.54
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 1 0 0 1
488,544.48 0.00 0.00 488,544.48
30 Days 12 0 0 0 12
1,572,842.55 0.00 0.00 0.00 1,572,842.55
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
115,896.28 0.00 0.00 0.00 115,896.28
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 13 1 0 0 14
1,688,738.83 488,544.48 0.00 0.00 2,177,283.31
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 0.046751% 0.000000% 0.000000% 0.046751%
0.168709% 0.000000% 0.000000% 0.168709%
30 Days 0.561010% 0.000000% 0.000000% 0.000000% 0.561010%
0.543151% 0.000000% 0.000000% 0.000000% 0.543151%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.046751% 0.000000% 0.000000% 0.000000% 0.046751%
0.040023% 0.000000% 0.000000% 0.000000% 0.040023%
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 0.607761% 0.046751% 0.000000% 0.000000% 0.654511%
0.583173% 0.168709% 0.000000% 0.000000% 0.751882%
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 4 0 0 0 4
470,474.60 0.00 0.00 0.00 470,474.60
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 4 0 0 0 4
470,474.60 0.00 0.00 0.00 470,474.60
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.403633% 0.000000% 0.000000% 0.000000% 0.403633%
0.383045% 0.000000% 0.000000% 0.000000% 0.383045%
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 0.403633% 0.000000% 0.000000% 0.000000% 0.403633%
0.383045% 0.000000% 0.000000% 0.000000% 0.383045%
<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 3 0 0 0 3
400,408.27 0.00 0.00 0.00 400,408.27
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
115,896.28 0.00 0.00 0.00 115,896.28
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 4 0 0 0 4
516,304.55 0.00 0.00 0.00 516,304.55
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.765306% 0.000000% 0.000000% 0.000000% 0.765306%
0.635372% 0.000000% 0.000000% 0.000000% 0.635372%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.255102% 0.000000% 0.000000% 0.000000% 0.255102%
0.183905% 0.000000% 0.000000% 0.000000% 0.183905%
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 1.020408% 0.000000% 0.000000% 0.000000% 1.020408%
0.819277% 0.000000% 0.000000% 0.000000% 0.819277%
<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 1 0 0 1
488,544.48 0.00 0.00 488,544.48
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 1 0 0 1
0.00 488,544.48 0.00 0.00 488,544.48
0-29 Days 1.754386% 0.000000% 0.000000% 1.754386%
1.543275% 0.000000% 0.000000% 1.543275%
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% 1.754386% 0.000000% 0.000000% 1.754386%
0.000000% 1.543275% 0.000000% 0.000000% 1.543275%
<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 1 0 0 0 1
123,280.75 0.00 0.00 0.00 123,280.75
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 1 0 0 0 1
123,280.75 0.00 0.00 0.00 123,280.75
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.323625% 0.000000% 0.000000% 0.000000% 0.323625%
0.335517% 0.000000% 0.000000% 0.000000% 0.335517%
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 0.323625% 0.000000% 0.000000% 0.000000% 0.323625%
0.335517% 0.000000% 0.000000% 0.000000% 0.335517%
<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 4 0 0 0 4
578,678.93 0.00 0.00 0.00 578,678.93
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 4 0 0 0 4
578,678.93 0.00 0.00 0.00 578,678.93
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.025641% 0.000000% 0.000000% 0.000000% 1.025641%
1.637770% 0.000000% 0.000000% 0.000000% 1.637770%
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 1.025641% 0.000000% 0.000000% 0.000000% 1.025641%
1.637770% 0.000000% 0.000000% 0.000000% 1.637770%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 11,973.42
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.020675%
Weighted Average Pass-Through Rate 5.763175%
Weighted Average Maturity(Stepdown Calculation ) 353
Beginning Scheduled Collateral Loan Count 2,161
Number Of Loans Paid In Full 22
Ending Scheduled Collateral Loan Count 2,139
Beginning Scheduled Collateral Balance 292,709,076.94
Ending Scheduled Collateral Balance 289,151,970.63
Ending Actual Collateral Balance at 30-Apr-2004 289,577,642.77
Monthly P &I Constant 1,971,894.70
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 4,792,412.94
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 289,151,970.63
Scheduled Principal 503,306.09
Unscheduled Principal 3,053,800.22
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 6.197962 6.126869 6.169890
Weighted Average Net Rate 5.947962 5.876869 5.919890
Weighted Average Maturity 350 356 356
Beginning Loan Count 1,005 395 57
Loans Paid In Full 14 3 0
Ending Loan Count 991 392 57
Beginning Scheduled Balance 124,573,891.71 63,729,225.00 31,660,444.93
Ending scheduled Balance 122,713,337.73 62,969,084.90 31,628,017.52
Record Date 04/30/2004 04/30/2004 04/30/2004
Principal And Interest Constant 774,297.76 388,453.98 193,803.27
Scheduled Principal 130,877.54 63,070.15 31,018.72
Unscheduled Principal 1,729,676.44 697,069.95 1,408.69
Scheduled Interest 643,420.22 325,383.83 162,784.55
Servicing Fees 25,952.91 13,276.93 6,595.93
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 778.56 398.32 197.86
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 616,688.75 311,708.58 155,990.76
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 5.940462 5.869369 5.912390
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 5.288325 5.836418 6.020675
Weighted Average Net Rate 5.038325 5.586418 5.770675
Weighted Average Maturity 174 172 353
Beginning Loan Count 309 395 2,161
Loans Paid In Full 0 5 22
Ending Loan Count 309 390 2,139
Beginning Scheduled Balance 36,806,235.84 35,939,279.46 292,709,076.94
Ending scheduled Balance 36,627,457.47 35,214,073.01 289,151,970.63
Record Date 04/30/2004 04/30/2004 04/30/2004
Principal And Interest Constant 304,303.85 311,035.84 1,971,894.70
Scheduled Principal 142,101.06 136,238.62 503,306.09
Unscheduled Principal 36,677.31 588,967.83 3,053,800.22
Scheduled Interest 162,202.79 174,797.22 1,468,588.61
Servicing Fees 7,667.97 7,487.35 60,981.09
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 230.03 224.61 1,829.38
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 154,304.79 167,085.26 1,405,778.14
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 5.030825 5.578918 5.763175
Miscellaneous Reporting
Group Group 1
CPR 15.461417%
Subordinate Percentage 5.079757%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.920243%
Group Group 2
CPR 12.375586%
Subordinate Percentage 5.133016%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.866984%
Group Group 3
CPR 0.053432%
Subordinate Percentage 5.131855%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.868145%
Miscellaneous Reporting
Group Group 4
CPR 1.193848%
Subordinate Percentage 2.355533%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.644467%
Group Group 5
CPR 18.048642%
Subordinate Percentage 2.346439%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.653561%