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): July 26, 2004
FREMONT HOME LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-B Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-111379-11
Pooling and Servicing Agreement) (Commission 54-2154056
(State or other File Number) 54-2154055
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, Maryland 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 July 26, 2004 a distribution was made to holders of FREMONT HOME LOAN TRUST
, 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
July 26, 2004 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FREMONT HOME LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-B Trust
By: Wells Fargo Bank, N.A. as Trust Administrator
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 8/3/2004
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 July 26, 2004 distribution.
EX-99.1
Fremont Home Loan Trust
Mortgage Pass-Through Certificates
Record Date: 6/30/2004
Distribution Date: 7/26/2004
FREMONT 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>
IA-1 35729PDL1 SEN 1.57000% 415,237,580.22 561,378.14 6,623,154.86
IIA-1 35729PDM9 SEN 1.40000% 56,688,078.33 68,340.63 4,281,430.87
IIA-2 35729PDN7 SEN 1.54000% 138,750,000.00 183,997.92 0.00
IIA-3 35729PDP2 SEN 1.78000% 20,532,000.00 31,470.99 0.00
M-1 35729PDQ0 MEZ 1.88000% 27,654,000.00 44,768.75 0.00
M-2 35729PDR8 MEZ 1.93000% 25,679,000.00 42,677.07 0.00
M-3 35729PDS6 MEZ 1.97500% 14,617,000.00 24,859.05 0.00
M-4 35729PDT4 MEZ 2.47000% 13,432,000.00 28,569.12 0.00
M-5 35729PDU1 MEZ 2.52500% 10,667,000.00 23,193.32 0.00
M-6 35729PDV9 MEZ 2.85000% 9,877,000.00 24,239.80 0.00
M-7 35729PDW7 MEZ 3.30000% 10,667,000.00 30,312.06 0.00
M-8 35729PDX5 MEZ 3.65000% 7,901,000.00 24,833.28 0.00
M-9 35729PDY3 MEZ 4.80000% 9,877,000.00 40,824.93 0.00
C FOM0400BC OC 0.00000% 15,802,510.80 3,119,917.33 0.00
P FOM0400BP PrePay 0.00000% 100.00 234,076.32 0.00
R-1 FOM040BR1 RES 0.00000% 0.00 0.00 0.00
R-2 FOM040BR2 RES 0.00000% 0.00 0.00 0.00
Totals 777,381,269.35 4,483,458.71 10,904,585.73
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
IA-1 0.00 408,614,425.36 7,184,533.00 0.00
IIA-1 0.00 52,406,647.46 4,349,771.50 0.00
IIA-2 0.00 138,750,000.00 183,997.92 0.00
IIA-3 0.00 20,532,000.00 31,470.99 0.00
M-1 0.00 27,654,000.00 44,768.75 0.00
M-2 0.00 25,679,000.00 42,677.07 0.00
M-3 0.00 14,617,000.00 24,859.05 0.00
M-4 0.00 13,432,000.00 28,569.12 0.00
M-5 0.00 10,667,000.00 23,193.32 0.00
M-6 0.00 9,877,000.00 24,239.80 0.00
M-7 0.00 10,667,000.00 30,312.06 0.00
M-8 0.00 7,901,000.00 24,833.28 0.00
M-9 0.00 9,877,000.00 40,824.93 0.00
C 0.00 15,802,510.80 3,119,917.33 0.00
P 0.00 100.00 234,076.32 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
Totals 0.00 766,476,683.62 15,388,044.44 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>
IA-1 423,670,000.00 415,237,580.22 0.00 6,623,154.86 0.00 0.00
IIA-1 61,000,000.00 56,688,078.33 0.00 4,281,430.87 0.00 0.00
IIA-2 138,750,000.00 138,750,000.00 0.00 0.00 0.00 0.00
IIA-3 20,532,000.00 20,532,000.00 0.00 0.00 0.00 0.00
M-1 27,654,000.00 27,654,000.00 0.00 0.00 0.00 0.00
M-2 25,679,000.00 25,679,000.00 0.00 0.00 0.00 0.00
M-3 14,617,000.00 14,617,000.00 0.00 0.00 0.00 0.00
M-4 13,432,000.00 13,432,000.00 0.00 0.00 0.00 0.00
M-5 10,667,000.00 10,667,000.00 0.00 0.00 0.00 0.00
M-6 9,877,000.00 9,877,000.00 0.00 0.00 0.00 0.00
M-7 10,667,000.00 10,667,000.00 0.00 0.00 0.00 0.00
M-8 7,901,000.00 7,901,000.00 0.00 0.00 0.00 0.00
M-9 9,877,000.00 9,877,000.00 0.00 0.00 0.00 0.00
C 15,802,440.02 15,802,510.80 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
Totals 790,125,540.02 777,381,269.35 0.00 10,904,585.73 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>
IA-1 6,623,154.86 408,614,425.36 0.96446391 6,623,154.86
IIA-1 4,281,430.87 52,406,647.46 0.85912537 4,281,430.87
IIA-2 0.00 138,750,000.00 1.00000000 0.00
IIA-3 0.00 20,532,000.00 1.00000000 0.00
M-1 0.00 27,654,000.00 1.00000000 0.00
M-2 0.00 25,679,000.00 1.00000000 0.00
M-3 0.00 14,617,000.00 1.00000000 0.00
M-4 0.00 13,432,000.00 1.00000000 0.00
M-5 0.00 10,667,000.00 1.00000000 0.00
M-6 0.00 9,877,000.00 1.00000000 0.00
M-7 0.00 10,667,000.00 1.00000000 0.00
M-8 0.00 7,901,000.00 1.00000000 0.00
M-9 0.00 9,877,000.00 1.00000000 0.00
C 0.00 15,802,510.80 1.00000448 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
Totals 10,904,585.73 766,476,683.62 0.97006950 10,904,585.73
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>
IA-1 423,670,000.00 980.09672674 0.00000000 15.63281530 0.00000000
IIA-1 61,000,000.00 929.31275951 0.00000000 70.18739131 0.00000000
IIA-2 138,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IIA-3 20,532,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 27,654,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 25,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 14,617,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 13,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 10,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 9,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 10,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 7,901,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 9,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
C 15,802,440.02 1000.00447906 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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>
IA-1 0.00000000 15.63281530 964.46391144 0.96446391 15.63281530
IIA-1 0.00000000 70.18739131 859.12536820 0.85912537 70.18739131
IIA-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IIA-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
C 0.00000000 0.00000000 1,000.00447906 1.00000448 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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>
IA-1 423,670,000.00 1.57000% 415,237,580.22 561,378.14 0.00 0.00
IIA-1 61,000,000.00 1.40000% 56,688,078.33 68,340.63 0.00 0.00
IIA-2 138,750,000.00 1.54000% 138,750,000.00 183,997.92 0.00 0.00
IIA-3 20,532,000.00 1.78000% 20,532,000.00 31,470.99 0.00 0.00
M-1 27,654,000.00 1.88000% 27,654,000.00 44,768.75 0.00 0.00
M-2 25,679,000.00 1.93000% 25,679,000.00 42,677.07 0.00 0.00
M-3 14,617,000.00 1.97500% 14,617,000.00 24,859.05 0.00 0.00
M-4 13,432,000.00 2.47000% 13,432,000.00 28,569.12 0.00 0.00
M-5 10,667,000.00 2.52500% 10,667,000.00 23,193.32 0.00 0.00
M-6 9,877,000.00 2.85000% 9,877,000.00 24,239.80 0.00 0.00
M-7 10,667,000.00 3.30000% 10,667,000.00 30,312.06 0.00 0.00
M-8 7,901,000.00 3.65000% 7,901,000.00 24,833.28 0.00 0.00
M-9 9,877,000.00 4.80000% 9,877,000.00 40,824.93 0.00 0.00
C 15,802,440.02 0.00000% 15,802,510.80 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
R-2 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 790,125,540.02 1,129,465.06 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>
IA-1 0.00 0.00 561,378.14 0.00 408,614,425.36
IIA-1 0.00 0.00 68,340.63 0.00 52,406,647.46
IIA-2 0.00 0.00 183,997.92 0.00 138,750,000.00
IIA-3 0.00 0.00 31,470.99 0.00 20,532,000.00
M-1 0.00 0.00 44,768.75 0.00 27,654,000.00
M-2 0.00 0.00 42,677.07 0.00 25,679,000.00
M-3 0.00 0.00 24,859.05 0.00 14,617,000.00
M-4 0.00 0.00 28,569.12 0.00 13,432,000.00
M-5 0.00 0.00 23,193.32 0.00 10,667,000.00
M-6 0.00 0.00 24,239.80 0.00 9,877,000.00
M-7 0.00 0.00 30,312.06 0.00 10,667,000.00
M-8 0.00 0.00 24,833.28 0.00 7,901,000.00
M-9 0.00 0.00 40,824.93 0.00 9,877,000.00
C 0.00 0.00 3,119,917.33 0.00 15,802,510.80
P 0.00 0.00 234,076.32 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 4,483,458.71 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>
IA-1 423,670,000.00 1.57000% 980.09672674 1.32503633 0.00000000 0.00000000
IIA-1 61,000,000.00 1.40000% 929.31275951 1.12033820 0.00000000 0.00000000
IIA-2 138,750,000.00 1.54000% 1000.00000000 1.32611114 0.00000000 0.00000000
IIA-3 20,532,000.00 1.78000% 1000.00000000 1.53277762 0.00000000 0.00000000
M-1 27,654,000.00 1.88000% 1000.00000000 1.61888877 0.00000000 0.00000000
M-2 25,679,000.00 1.93000% 1000.00000000 1.66194439 0.00000000 0.00000000
M-3 14,617,000.00 1.97500% 1000.00000000 1.70069440 0.00000000 0.00000000
M-4 13,432,000.00 2.47000% 1000.00000000 2.12694461 0.00000000 0.00000000
M-5 10,667,000.00 2.52500% 1000.00000000 2.17430580 0.00000000 0.00000000
M-6 9,877,000.00 2.85000% 1000.00000000 2.45416624 0.00000000 0.00000000
M-7 10,667,000.00 3.30000% 1000.00000000 2.84166682 0.00000000 0.00000000
M-8 7,901,000.00 3.65000% 1000.00000000 3.14305531 0.00000000 0.00000000
M-9 9,877,000.00 4.80000% 1000.00000000 4.13333300 0.00000000 0.00000000
C 15,802,440.02 0.00000% 1000.00447906 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000% 0.00000000 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>
IA-1 0.00000000 0.00000000 1.32503633 0.00000000 964.46391144
IIA-1 0.00000000 0.00000000 1.12033820 0.00000000 859.12536820
IIA-2 0.00000000 0.00000000 1.32611114 0.00000000 1000.00000000
IIA-3 0.00000000 0.00000000 1.53277762 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 1.61888877 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 1.66194439 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 1.70069440 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 2.12694461 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 2.17430580 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 2.45416624 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 2.84166682 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 3.14305531 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.13333300 0.00000000 1000.00000000
C 0.00000000 0.00000000 197.43263231 0.00000000 1000.00447906
P 0.00000000 0.00000000 2340763.20000000 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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 ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 15,426,924.26
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 262,261.20
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 234,076.32
Total Deposits 15,923,261.78
Withdrawals
Reimbursement for Servicer Advances 203,210.78
Payment of Service Fee 332,006.56
Payment of Interest and Principal 15,388,044.44
Total Withdrawals (Pool Distribution Amount) 15,923,261.78
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 323,908.88
Master Servicing 4,048.84
Trust Administration 4,048.84
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 332,006.56
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 0.00 0.00
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 26 0 0 0 26
5,011,488.62 0.00 0.00 0.00 5,011,488.62
60 Days 4 1 2 0 7
816,231.96 87,500.00 304,750.00 0.00 1,208,481.96
90 Days 0 0 2 0 2
0.00 0.00 404,135.06 0.00 404,135.06
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 30 1 4 0 35
5,827,720.58 87,500.00 708,885.06 0.00 6,624,105.64
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 0.714090% 0.000000% 0.000000% 0.000000% 0.714090%
0.653394% 0.000000% 0.000000% 0.000000% 0.653394%
60 Days 0.109860% 0.027465% 0.054930% 0.000000% 0.192255%
0.106420% 0.011408% 0.039733% 0.000000% 0.157561%
90 Days 0.000000% 0.000000% 0.054930% 0.000000% 0.054930%
0.000000% 0.000000% 0.052691% 0.000000% 0.052691%
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 0.823949% 0.027465% 0.109860% 0.000000% 0.961274%
0.759814% 0.011408% 0.092424% 0.000000% 0.863646%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 262,261.20
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 7.072796%
Weighted Average Net Coupon 6.572796%
Weighted Average Pass-Through Rate 6.560296%
Weighted Average Maturity(Stepdown Calculation ) 353
Beginning Scheduled Collateral Loan Count 3,685
Number Of Loans Paid In Full 44
Ending Scheduled Collateral Loan Count 3,641
Beginning Scheduled Collateral Balance 777,381,269.35
Ending Scheduled Collateral Balance 766,476,683.62
Ending Actual Collateral Balance at 30-Jun-2004 766,993,327.47
Monthly P &I Constant 5,132,335.39
Special Servicing Fee 0.00
Prepayment Penalties 234,076.32
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 766,476,683.62
Scheduled Principal 550,452.77
Unscheduled Principal 10,354,132.96
Other Income (493.63)
Miscellaneous Reporting
Excess Cash Amount 3,119,916.28
Extra Principal Amount 0.00
Overcollateralization Amount 15,802,510.80
Overcollateralization Deficiency 0.00
Overcollateralization Release 0.00
Target Overcollateralization Amount 15,802,510.80
Step Down NO
Trigger Event NO
Yield Maintenance Payment 0
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 6.911968 7.240458 6.728069
Weighted Average Net Rate 6.411968 6.740458 6.228069
Weighted Average Maturity 356 344 347
Beginning Loan Count 698 2,037 175
Loans Paid In Full 5 26 1
Ending Loan Count 693 2,011 174
Beginning Scheduled Balance 130,269,432.85 381,138,721.86 50,465,170.91
Ending scheduled Balance 129,105,304.91 375,679,694.94 50,041,620.49
Record Date 06/30/2004 06/30/2004 06/30/2004
Principal And Interest Constant 881,051.98 2,540,793.17 332,795.01
Scheduled Principal 130,703.47 241,110.79 49,850.70
Unscheduled Principal 1,033,424.47 5,217,916.13 373,699.72
Scheduled Interest 750,348.51 2,299,682.38 282,944.31
Servicing Fees 54,278.94 158,807.79 21,027.17
Master Servicing Fees 678.48 1,985.09 262.85
Trustee Fee 678.48 1,985.09 262.85
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 696,069.45 2,140,874.45 261,917.11
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 6.399468 6.727958 6.215569
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM
Weighted Average Coupon Rate 6.954217 7.072796
Weighted Average Net Rate 6.454217 6.572796
Weighted Average Maturity 356 353
Beginning Loan Count 775 3,685
Loans Paid In Full 12 44
Ending Loan Count 763 3,641
Beginning Scheduled Balance 215,507,943.73 777,381,269.35
Ending scheduled Balance 211,650,063.28 766,476,683.62
Record Date 06/30/2004 06/30/2004
Principal And Interest Constant 1,377,695.23 5,132,335.39
Scheduled Principal 128,787.81 550,452.77
Unscheduled Principal 3,729,092.64 10,354,132.96
Scheduled Interest 1,248,907.42 4,581,882.62
Servicing Fees 89,794.98 323,908.88
Master Servicing Fees 1,122.42 4,048.84
Trustee Fee 1,122.42 4,048.84
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
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 1,159,112.27 4,257,973.28
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 6.441717 6.560296