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): June 25, 2004
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2004-E Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-33 54-2154030
Pooling and Servicing Agreement) (Commission 54-2154031
(State or other File Number) 54-2154032
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 June 25, 2004 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2004-E
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-E Trust, relating to the
June 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-E 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: 6/29/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-E Trust,
relating to the June 25, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 5/31/04
Distribution Date: 6/25/04
BAM Series: 2004-E
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 05949AGR5 SEQ 3.55837% 297,871,000.00 883,278.50 5,379,306.23
1AR 05949AGS3 SEQ 3.55837% 50.00 0.15 50.00
1AMR 05949AGT1 SEQ 3.55837% 25.00 0.07 25.00
1ALR 05949AGU8 SEQ 3.55837% 25.00 0.08 25.00
2A1 05949AGV6 SEQ 2.10000% 45,000,000.00 78,750.00 604,649.78
2A2 05949AGW4 SEQ 3.98500% 55,000,000.00 182,645.83 0.00
2A3 05949AGX2 SEQ 4.13224% 90,596,000.00 311,970.23 0.00
2A4 05949AGY0 SEQ 4.13224% 69,779,000.00 240,286.23 0.00
2A5 05949AGZ7 SEQ 4.13224% 69,981,000.00 240,981.82 0.00
2A6 05949AHA1 SEQ 4.13224% 188,822,000.00 650,214.62 0.00
2A7 05949AHB9 SEQ 4.13224% 129,092,000.00 444,532.44 353,406.20
2A8 05949AHC7 SEQ 4.13224% 200,000,000.00 688,706.42 547,526.10
2A9 05949AHD5 SEQ 3.71200% 76,331,000.00 236,117.23 1,025,633.83
2A10 05949AHE3 SEQ 4.13224% 2,840,000.00 9,779.63 7,774.87
2AIO 05949AHF0 IO 0.74647% 0.00 109,688.40 0.00
3A1 05949AHG8 SEQ 4.24767% 222,629,000.00 788,044.72 3,158,734.20
4A1 05949AHH6 SEQ 4.64146% 63,254,000.00 244,659.12 90,083.19
B1 05949AHJ2 SUB 4.05745% 21,768,000.00 73,602.10 14,937.00
B2 05949AHK9 SUB 4.05745% 7,774,000.00 26,285.50 5,334.45
B3 05949AHL7 SUB 4.05745% 4,664,000.00 15,769.95 3,200.39
B4 05949AHN3 SUB 4.05745% 4,664,000.00 15,769.95 3,200.39
B5 05949AHP8 SUB 4.05745% 2,332,000.00 7,884.97 1,600.20
B6 05949AHQ6 SUB 4.05745% 2,332,988.00 7,888.31 1,600.87
SES 05949AHM5 SEQ 0.00000% 0.00 291,769.93 0.00
Totals 1,554,730,088.00 5,548,626.20 11,197,087.70
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 292,491,693.77 6,262,584.73 0.00
1AR 0.00 0.00 50.15 0.00
1AMR 0.00 0.00 25.07 0.00
1ALR 0.00 0.00 25.08 0.00
2A1 0.00 44,395,350.22 683,399.78 0.00
2A2 0.00 55,000,000.00 182,645.83 0.00
2A3 0.00 90,596,000.00 311,970.23 0.00
2A4 0.00 69,779,000.00 240,286.23 0.00
2A5 0.00 69,981,000.00 240,981.82 0.00
2A6 0.00 188,822,000.00 650,214.62 0.00
2A7 0.00 128,738,593.80 797,938.64 0.00
2A8 0.00 199,452,473.90 1,236,232.52 0.00
2A9 0.00 75,305,366.17 1,261,751.06 0.00
2A10 0.00 2,832,225.13 17,554.50 0.00
2AIO 0.00 0.00 109,688.40 0.00
3A1 0.00 219,470,265.80 3,946,778.92 0.00
4A1 0.00 63,163,916.82 334,742.31 0.00
B1 0.00 21,753,063.00 88,539.10 0.00
B2 0.00 7,768,665.55 31,619.95 0.00
B3 0.00 4,660,799.61 18,970.34 0.00
B4 0.00 4,660,799.61 18,970.34 0.00
B5 0.00 2,330,399.80 9,485.17 0.00
B6 0.00 2,331,387.13 9,489.18 0.00
SES 0.00 0.00 291,769.93 0.00
Totals 0.00 1,543,533,000.31 16,745,713.90 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 297,871,000.00 297,871,000.00 441,751.71 4,937,554.52 0.00 0.00
1AR 50.00 50.00 4.11 45.89 0.00 0.00
1AMR 25.00 25.00 2.05 22.95 0.00 0.00
1ALR 25.00 25.00 2.05 22.95 0.00 0.00
2A1 45,000,000.00 45,000,000.00 122,849.29 481,800.49 0.00 0.00
2A2 55,000,000.00 55,000,000.00 0.00 0.00 0.00 0.00
2A3 90,596,000.00 90,596,000.00 0.00 0.00 0.00 0.00
2A4 69,779,000.00 69,779,000.00 0.00 0.00 0.00 0.00
2A5 69,981,000.00 69,981,000.00 0.00 0.00 0.00 0.00
2A6 188,822,000.00 188,822,000.00 0.00 0.00 0.00 0.00
2A7 129,092,000.00 129,092,000.00 71,803.05 281,603.15 0.00 0.00
2A8 200,000,000.00 200,000,000.00 111,243.23 436,282.88 0.00 0.00
2A9 76,331,000.00 76,331,000.00 208,382.42 817,251.41 0.00 0.00
2A10 2,840,000.00 2,840,000.00 1,579.65 6,195.22 0.00 0.00
2AIO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 222,629,000.00 222,629,000.00 147.54 3,158,586.66 0.00 0.00
4A1 63,254,000.00 63,254,000.00 79,170.69 10,912.50 0.00 0.00
B1 21,768,000.00 21,768,000.00 14,937.00 0.00 0.00 0.00
B2 7,774,000.00 7,774,000.00 5,334.45 0.00 0.00 0.00
B3 4,664,000.00 4,664,000.00 3,200.39 0.00 0.00 0.00
B4 4,664,000.00 4,664,000.00 3,200.39 0.00 0.00 0.00
B5 2,332,000.00 2,332,000.00 1,600.20 0.00 0.00 0.00
B6 2,332,988.00 2,332,988.00 1,600.87 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,554,730,088.00 1,554,730,088.00 1,066,809.09 10,130,278.62 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 5,379,306.23 292,491,693.77 0.98194082 5,379,306.23
1AR 50.00 0.00 0.00000000 50.00
1AMR 25.00 0.00 0.00000000 25.00
1ALR 25.00 0.00 0.00000000 25.00
2A1 604,649.78 44,395,350.22 0.98656334 604,649.78
2A2 0.00 55,000,000.00 1.00000000 0.00
2A3 0.00 90,596,000.00 1.00000000 0.00
2A4 0.00 69,779,000.00 1.00000000 0.00
2A5 0.00 69,981,000.00 1.00000000 0.00
2A6 0.00 188,822,000.00 1.00000000 0.00
2A7 353,406.20 128,738,593.80 0.99726237 353,406.20
2A8 547,526.10 199,452,473.90 0.99726237 547,526.10
2A9 1,025,633.83 75,305,366.17 0.98656334 1,025,633.83
2A10 7,774.87 2,832,225.13 0.99726237 7,774.87
2AIO 0.00 0.00 0.00000000 0.00
3A1 3,158,734.20 219,470,265.80 0.98581167 3,158,734.20
4A1 90,083.19 63,163,916.82 0.99857585 90,083.19
B1 14,937.00 21,753,063.00 0.99931381 14,937.00
B2 5,334.45 7,768,665.55 0.99931381 5,334.45
B3 3,200.39 4,660,799.61 0.99931381 3,200.39
B4 3,200.39 4,660,799.61 0.99931381 3,200.39
B5 1,600.20 2,330,399.80 0.99931381 1,600.20
B6 1,600.87 2,331,387.13 0.99931381 1,600.87
SES 0.00 0.00 0.00000000 0.00
Totals 11,197,087.70 1,543,533,000.31 0.99279805 11,197,087.70
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 297,871,000.00 1000.00000000 1.48303027 16.57615048 0.00000000
1AR 50.00 1000.00000000 82.20000000 917.80000000 0.00000000
1AMR 25.00 1000.00000000 82.00000000 918.00000000 0.00000000
1ALR 25.00 1000.00000000 82.00000000 918.00000000 0.00000000
2A1 45,000,000.00 1000.00000000 2.72998422 10.70667756 0.00000000
2A2 55,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A3 90,596,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 69,779,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 69,981,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A6 188,822,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A7 129,092,000.00 1000.00000000 0.55621611 2.18141442 0.00000000
2A8 200,000,000.00 1000.00000000 0.55621615 2.18141440 0.00000000
2A9 76,331,000.00 1000.00000000 2.72998415 10.70667763 0.00000000
2A10 2,840,000.00 1000.00000000 0.55621479 2.18141549 0.00000000
2AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 222,629,000.00 1000.00000000 0.00066272 14.18766944 0.00000000
4A1 63,254,000.00 1000.00000000 1.25163136 0.17251873 0.00000000
B1 21,768,000.00 1000.00000000 0.68619074 0.00000000 0.00000000
B2 7,774,000.00 1000.00000000 0.68619115 0.00000000 0.00000000
B3 4,664,000.00 1000.00000000 0.68618997 0.00000000 0.00000000
B4 4,664,000.00 1000.00000000 0.68618997 0.00000000 0.00000000
B5 2,332,000.00 1000.00000000 0.68619211 0.00000000 0.00000000
B6 2,332,988.00 1000.00000000 0.68618870 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 18.05918075 981.94081925 0.98194082 18.05918075
1AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
1AMR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
1ALR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2A1 0.00000000 13.43666178 986.56333822 0.98656334 13.43666178
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 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A7 0.00000000 2.73763053 997.26236947 0.99726237 2.73763053
2A8 0.00000000 2.73763050 997.26236950 0.99726237 2.73763050
2A9 0.00000000 13.43666178 986.56333822 0.98656334 13.43666178
2A10 0.00000000 2.73763028 997.26236972 0.99726237 2.73763028
2AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 14.18833216 985.81166784 0.98581167 14.18833216
4A1 0.00000000 1.42415009 998.57585006 0.99857585 1.42415009
B1 0.00000000 0.68619074 999.31380926 0.99931381 0.68619074
B2 0.00000000 0.68619115 999.31380885 0.99931381 0.68619115
B3 0.00000000 0.68618997 999.31381003 0.99931381 0.68618997
B4 0.00000000 0.68618997 999.31381003 0.99931381 0.68618997
B5 0.00000000 0.68619211 999.31380789 0.99931381 0.68619211
B6 0.00000000 0.68618870 999.31381130 0.99931381 0.68618870
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 297,871,000.00 3.55837% 297,871,000.00 883,278.50 0.00 0.00
1AR 50.00 3.55837% 50.00 0.15 0.00 0.00
1AMR 25.00 3.55837% 25.00 0.07 0.00 0.00
1ALR 25.00 3.55837% 25.00 0.07 0.00 0.00
2A1 45,000,000.00 2.10000% 45,000,000.00 78,750.00 0.00 0.00
2A2 55,000,000.00 3.98500% 55,000,000.00 182,645.83 0.00 0.00
2A3 90,596,000.00 4.13224% 90,596,000.00 311,970.23 0.00 0.00
2A4 69,779,000.00 4.13224% 69,779,000.00 240,286.23 0.00 0.00
2A5 69,981,000.00 4.13224% 69,981,000.00 240,981.82 0.00 0.00
2A6 188,822,000.00 4.13224% 188,822,000.00 650,214.62 0.00 0.00
2A7 129,092,000.00 4.13224% 129,092,000.00 444,532.44 0.00 0.00
2A8 200,000,000.00 4.13224% 200,000,000.00 688,706.42 0.00 0.00
2A9 76,331,000.00 3.71200% 76,331,000.00 236,117.23 0.00 0.00
2A10 2,840,000.00 4.13224% 2,840,000.00 9,779.63 0.00 0.00
2AIO 0.00 0.74647% 176,331,000.00 109,688.40 0.00 0.00
3A1 222,629,000.00 4.24767% 222,629,000.00 788,044.72 0.00 0.00
4A1 63,254,000.00 4.64146% 63,254,000.00 244,659.12 0.00 0.00
B1 21,768,000.00 4.05745% 21,768,000.00 73,602.10 0.00 0.00
B2 7,774,000.00 4.05745% 7,774,000.00 26,285.50 0.00 0.00
B3 4,664,000.00 4.05745% 4,664,000.00 15,769.95 0.00 0.00
B4 4,664,000.00 4.05745% 4,664,000.00 15,769.95 0.00 0.00
B5 2,332,000.00 4.05745% 2,332,000.00 7,884.97 0.00 0.00
B6 2,332,988.00 4.05745% 2,332,988.00 7,888.31 0.00 0.00
SES 0.00 0.00000% 1,554,730,088.32 0.00 0.00 0.00
Totals 1,554,730,088.00 5,256,856.26 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 0.00 0.00 883,278.50 0.00 292,491,693.77
1AR 0.00 0.00 0.15 0.00 0.00
1AMR 0.00 0.00 0.07 0.00 0.00
1ALR 0.00 0.00 0.08 0.00 0.00
2A1 0.00 0.00 78,750.00 0.00 44,395,350.22
2A2 0.00 0.00 182,645.83 0.00 55,000,000.00
2A3 0.00 0.00 311,970.23 0.00 90,596,000.00
2A4 0.00 0.00 240,286.23 0.00 69,779,000.00
2A5 0.00 0.00 240,981.82 0.00 69,981,000.00
2A6 0.00 0.00 650,214.62 0.00 188,822,000.00
2A7 0.00 0.00 444,532.44 0.00 128,738,593.80
2A8 0.00 0.00 688,706.42 0.00 199,452,473.90
2A9 0.00 0.00 236,117.23 0.00 75,305,366.17
2A10 0.00 0.00 9,779.63 0.00 2,832,225.13
2AIO 0.00 0.00 109,688.40 0.00 174,700,716.38
3A1 0.00 0.00 788,044.72 0.00 219,470,265.80
4A1 0.00 0.00 244,659.12 0.00 63,163,916.82
B1 0.00 0.00 73,602.10 0.00 21,753,063.00
B2 0.00 0.00 26,285.50 0.00 7,768,665.55
B3 0.00 0.00 15,769.95 0.00 4,660,799.61
B4 0.00 0.00 15,769.95 0.00 4,660,799.61
B5 0.00 0.00 7,884.97 0.00 2,330,399.80
B6 0.00 0.00 7,888.31 0.00 2,331,387.13
SES 0.00 0.00 291,769.93 0.00 1,543,533,000.62
Totals 0.00 0.00 5,548,626.20 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 297,871,000.00 3.55837% 1000.00000000 2.96530545 0.00000000 0.00000000
1AR 50.00 3.55837% 1000.00000000 3.00000000 0.00000000 0.00000000
1AMR 25.00 3.55837% 1000.00000000 2.80000000 0.00000000 0.00000000
1ALR 25.00 3.55837% 1000.00000000 2.80000000 0.00000000 0.00000000
2A1 45,000,000.00 2.10000% 1000.00000000 1.75000000 0.00000000 0.00000000
2A2 55,000,000.00 3.98500% 1000.00000000 3.32083327 0.00000000 0.00000000
2A3 90,596,000.00 4.13224% 1000.00000000 3.44353205 0.00000000 0.00000000
2A4 69,779,000.00 4.13224% 1000.00000000 3.44353215 0.00000000 0.00000000
2A5 69,981,000.00 4.13224% 1000.00000000 3.44353210 0.00000000 0.00000000
2A6 188,822,000.00 4.13224% 1000.00000000 3.44353211 0.00000000 0.00000000
2A7 129,092,000.00 4.13224% 1000.00000000 3.44353205 0.00000000 0.00000000
2A8 200,000,000.00 4.13224% 1000.00000000 3.44353210 0.00000000 0.00000000
2A9 76,331,000.00 3.71200% 1000.00000000 3.09333338 0.00000000 0.00000000
2A10 2,840,000.00 4.13224% 1000.00000000 3.44353169 0.00000000 0.00000000
2AIO 0.00 0.74647% 1000.00000000 0.62205965 0.00000000 0.00000000
3A1 222,629,000.00 4.24767% 1000.00000000 3.53972178 0.00000000 0.00000000
4A1 63,254,000.00 4.64146% 1000.00000000 3.86788377 0.00000000 0.00000000
B1 21,768,000.00 4.05745% 1000.00000000 3.38120636 0.00000000 0.00000000
B2 7,774,000.00 4.05745% 1000.00000000 3.38120659 0.00000000 0.00000000
B3 4,664,000.00 4.05745% 1000.00000000 3.38120712 0.00000000 0.00000000
B4 4,664,000.00 4.05745% 1000.00000000 3.38120712 0.00000000 0.00000000
B5 2,332,000.00 4.05745% 1000.00000000 3.38120497 0.00000000 0.00000000
B6 2,332,988.00 4.05745% 1000.00000000 3.38120470 0.00000000 0.00000000
SES 0.00 0.00000% 1000.00000000 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 0.00000000 0.00000000 2.96530545 0.00000000 981.94081925
1AR 0.00000000 0.00000000 3.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 2.80000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 3.20000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 1.75000000 0.00000000 986.56333822
2A2 0.00000000 0.00000000 3.32083327 0.00000000 1000.00000000
2A3 0.00000000 0.00000000 3.44353205 0.00000000 1000.00000000
2A4 0.00000000 0.00000000 3.44353215 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 3.44353210 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 3.44353211 0.00000000 1000.00000000
2A7 0.00000000 0.00000000 3.44353205 0.00000000 997.26236947
2A8 0.00000000 0.00000000 3.44353210 0.00000000 997.26236950
2A9 0.00000000 0.00000000 3.09333338 0.00000000 986.56333822
2A10 0.00000000 0.00000000 3.44353169 0.00000000 997.26236972
2AIO 0.00000000 0.00000000 0.62205965 0.00000000 990.75441289
3A1 0.00000000 0.00000000 3.53972178 0.00000000 985.81166784
4A1 0.00000000 0.00000000 3.86788377 0.00000000 998.57585006
B1 0.00000000 0.00000000 3.38120636 0.00000000 999.31380926
B2 0.00000000 0.00000000 3.38120659 0.00000000 999.31380885
B3 0.00000000 0.00000000 3.38120712 0.00000000 999.31381003
B4 0.00000000 0.00000000 3.38120712 0.00000000 999.31381003
B5 0.00000000 0.00000000 3.38120497 0.00000000 999.31380789
B6 0.00000000 0.00000000 3.38120470 0.00000000 999.31381130
SES 0.00000000 0.00000000 0.18766597 0.00000000 992.79805042
<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>
SES_1 0.00000% 306,452,711.96 301,060,578.71 0.00 0.00 98.24046809%
SES_2 0.00000% 954,157,431.94 951,603,581.04 0.00 0.00 99.73234491%
SES_3 0.00000% 229,042,791.69 225,884,053.24 0.00 0.00 98.62089594%
SES_4 0.00000% 65,077,152.73 64,984,787.63 0.00 0.00 99.85806831%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 16,814,383.05
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 16,814,383.05
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 68,669.15
Payment of Interest and Principal 16,745,713.90
Total Withdrawals (Pool Distribution Amount) 16,814,383.05
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 64,780.42
Trustee Fee 3,888.73
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 68,669.15
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
2,047,147.15 0.00 0.00 0.00 2,047,147.15
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
2,047,147.15 0.00 0.00 0.00 2,047,147.15
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 0.201787% 0.000000% 0.000000% 0.000000% 0.201787%
0.131672% 0.000000% 0.000000% 0.000000% 0.131672%
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 0.201787% 0.000000% 0.000000% 0.000000% 0.201787%
0.131672% 0.000000% 0.000000% 0.000000% 0.131672%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
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 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>
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
1,327,600.00 0.00 0.00 0.00 1,327,600.00
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 3 0 0 0 3
1,327,600.00 0.00 0.00 0.00 1,327,600.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.173010% 0.000000% 0.000000% 0.000000% 0.173010%
0.139138% 0.000000% 0.000000% 0.000000% 0.139138%
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 0.173010% 0.000000% 0.000000% 0.000000% 0.173010%
0.139138% 0.000000% 0.000000% 0.000000% 0.139138%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
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 4 0 0 0 4
719,547.15 0.00 0.00 0.00 719,547.15
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
719,547.15 0.00 0.00 0.00 719,547.15
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.379147% 0.000000% 0.000000% 0.000000% 0.379147%
0.314154% 0.000000% 0.000000% 0.000000% 0.314154%
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 0.379147% 0.000000% 0.000000% 0.000000% 0.379147%
0.314154% 0.000000% 0.000000% 0.000000% 0.314154%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
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 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%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 6,933.05
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.335081%
Weighted Average Net Coupon 4.060442%
Weighted Average Pass-Through Rate 4.057440%
Weighted Average Maturity(Stepdown Calculation ) 357
Beginning Scheduled Collateral Loan Count 3,493
Number Of Loans Paid In Full 24
Ending Scheduled Collateral Loan Count 3,469
Beginning Scheduled Collateral Balance 1,554,730,088.00
Ending Scheduled Collateral Balance 1,543,533,000.62
Ending Actual Collateral Balance at 31-May-2004 1,554,730,088.32
Monthly P &I Constant 6,683,376.42
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 1,543,533,000.62
Scheduled Principal 1,066,809.08
Unscheduled Principal 10,130,278.62
Miscellaneous Reporting
Total senior percentage 97.199836%
Aggregate subordinate percentage 2.800164%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 3.936367 4.385239 4.500666
Weighted Average Net Rate 3.561366 4.135238 4.250664
Weighted Average Maturity 358 357 358
Beginning Loan Count 567 1,737 1,068
Loans Paid In Full 8 3 13
Ending Loan Count 559 1,734 1,055
Beginning Scheduled Balance 306,452,711.96 954,157,431.94 229,042,791.69
Ending scheduled Balance 301,060,578.71 951,603,581.04 225,884,053.24
Record Date 05/31/2004 05/31/2004 05/31/2004
Principal And Interest Constant 1,459,745.44 4,017,557.68 859,189.40
Scheduled Principal 454,486.94 530,717.75 151.79
Unscheduled Principal 4,937,646.31 2,023,133.15 3,158,586.66
Scheduled Interest 1,005,258.50 3,486,839.93 859,037.61
Servicing Fees 63,844.31 198,782.81 47,717.26
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 766.13 2,385.39 572.63
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 31,922.15 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 908,725.91 3,285,671.73 810,747.72
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 3.558364 4.132237 4.247662
Group Level Collateral Statement
Group 4 Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.894461 4.335081
Weighted Average Net Rate 4.644460 4.060442
Weighted Average Maturity 357 357
Beginning Loan Count 121 3,493
Loans Paid In Full 0 24
Ending Loan Count 121 3,469
Beginning Scheduled Balance 65,077,152.73 1,554,730,088.32
Ending scheduled Balance 64,984,787.63 1,543,533,000.62
Record Date 05/31/2004 05/31/2004
Principal And Interest Constant 346,883.90 6,683,376.42
Scheduled Principal 81,452.60 1,066,809.08
Unscheduled Principal 10,912.50 10,130,278.62
Scheduled Interest 265,431.30 5,616,567.34
Servicing Fees 13,557.74 323,902.12
Master Servicing Fees 0.00 0.00
Trustee Fee 162.69 3,886.84
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 31,922.15
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 251,710.87 5,256,856.23
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 4.641460 4.057440
Miscellaneous Reporting
Group 1
CPR 17.734107%
Subordinate percentage 2.800305%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.199695%
Group 2
CPR 2.516321%
Subordinate percentage 2.800002%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.199997%
Group 3
CPR 15.349256%
Subordinate percentage 2.800259%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.199741%
Miscellaneous Reporting
Group 4
CPR 0.201289%
Subordinate percentage 2.801525%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.198475%