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
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-5 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-34 54-2154033
Pooling and Servicing Agreement) (Commission 54-2154034
(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 July 26, 2004 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-5
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 2004-5 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.
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-5 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: 7/28/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-5 Trust,
relating to the July 26, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 6/30/04
Distribution Date: 7/26/04
BAA Series: 2004-5
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 05948KRB7 SEN 6.00000% 176,421,488.59 882,107.34 1,136,821.81
1-A-R 05948KRC5 SEN 6.00000% 0.00 0.00 0.00
1-A-LR 05948KRD3 SEN 6.00000% 0.00 0.00 0.00
2-A-1 05948KRE1 SEN 6.00000% 95,158,535.40 475,792.62 520,220.42
CB-IO 05948KRF8 SEN 0.26823% 0.00 2,125.67 0.00
3-A-1 05948KRG6 SEN 5.75000% 45,719,806.85 219,074.05 495,668.66
3-A-2 05948KRH4 SEN 6.00000% 7,225,833.00 36,129.16 0.00
3-A-3 05948KRJ0 SEN 0.00000% 314,167.00 0.00 0.00
3-IO 05948KRK7 SEN 0.32847% 0.00 2,956.68 0.00
4-A-1 05948KRL5 SEN 5.00000% 94,609,059.25 394,204.36 632,055.35
4-A-2 05948KRM3 SEN 5.00000% 16,985,000.00 70,770.82 0.00
4-IO 05948KRN1 SEN 0.24342% 0.00 12,598.97 0.00
PO 05948KRP6 SEN 0.00000% 21,311,672.85 0.00 97,814.84
4-B-1 05948KRU5 SUB 5.00000% 1,519,380.95 6,330.75 5,648.64
4-B-2 05948KRV3 SUB 5.00000% 234,134.11 975.56 870.45
4-B-3 05948KRW1 SUB 5.00000% 350,703.01 1,461.26 1,303.82
4-B-4 05948KSB6 SUB 5.00000% 175,351.51 730.63 651.91
4-B-5 05948KSC4 SUB 5.00000% 175,351.51 730.63 651.91
4-B-6 05948KSD2 SUB 5.00000% 117,140.79 488.09 435.50
30-B-1 05948KRR2 SUB 5.75000% 6,856,966.84 32,856.30 7,071.99
30-B-2 05948KRS0 SUB 5.75000% 3,247,668.88 15,561.74 3,349.51
30-B-3 05948KRT8 SUB 5.75000% 1,804,149.49 8,644.88 1,860.73
30-B-4 05948KRY7 SUB 5.75000% 1,804,149.49 8,644.88 1,860.73
30-B-5 05948KRZ4 SUB 5.75000% 1,263,703.82 6,055.25 1,303.33
30-B-6 05948KSA8 SUB 5.75000% 1,443,568.35 6,917.10 1,488.83
30-B-IO 05948KRQ4 SUB 0.25000% 0.00 2,879.01 0.00
SES 05948KRX9 SEN 0.00000% 0.00 82,636.79 0.00
Totals 476,737,831.69 2,270,672.54 2,909,078.43
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 175,284,666.78 2,018,929.15 0.00
1-A-R 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00
2-A-1 0.00 94,638,314.98 996,013.04 0.00
CB-IO 0.00 0.00 2,125.67 0.00
3-A-1 0.00 45,224,138.19 714,742.71 0.00
3-A-2 0.00 7,225,833.00 36,129.16 0.00
3-A-3 0.00 314,167.00 0.00 0.00
3-IO 0.00 0.00 2,956.68 0.00
4-A-1 0.00 93,977,003.90 1,026,259.71 0.00
4-A-2 0.00 16,985,000.00 70,770.82 0.00
4-IO 0.00 0.00 12,598.97 0.00
PO 0.00 21,213,858.00 97,814.84 0.00
4-B-1 0.00 1,513,732.30 11,979.39 0.00
4-B-2 0.00 233,263.67 1,846.01 0.00
4-B-3 0.00 349,399.19 2,765.08 0.00
4-B-4 0.00 174,699.60 1,382.54 0.00
4-B-5 0.00 174,699.60 1,382.54 0.00
4-B-6 0.00 116,705.29 923.59 0.00
30-B-1 0.00 6,849,894.85 39,928.29 0.00
30-B-2 0.00 3,244,319.37 18,911.25 0.00
30-B-3 0.00 1,802,288.77 10,505.61 0.00
30-B-4 0.00 1,802,288.77 10,505.61 0.00
30-B-5 0.00 1,262,400.49 7,358.58 0.00
30-B-6 0.00 1,442,079.52 8,405.93 0.00
30-B-IO 0.00 0.00 2,879.01 0.00
SES 0.00 0.00 82,636.79 0.00
Totals 0.00 473,828,753.27 5,179,750.97 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1-A-1 177,163,000.00 176,421,488.59 183,595.79 953,226.02 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 95,263,000.00 95,158,535.40 96,863.60 423,356.82 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 45,775,000.00 45,719,806.85 54,535.18 441,133.47 0.00 0.00
3-A-2 7,225,833.00 7,225,833.00 0.00 0.00 0.00 0.00
3-A-3 314,167.00 314,167.00 0.00 0.00 0.00 0.00
3-IO 0.00 0.00 0.00 0.00 0.00 0.00
4-A-1 95,443,000.00 94,609,059.25 414,876.34 217,179.01 0.00 0.00
4-A-2 16,985,000.00 16,985,000.00 0.00 0.00 0.00 0.00
4-IO 0.00 0.00 0.00 0.00 0.00 0.00
PO 21,361,292.00 21,311,672.85 29,087.02 68,727.82 0.00 0.00
4-B-1 1,525,000.00 1,519,380.95 5,648.64 0.00 0.00 0.00
4-B-2 235,000.00 234,134.11 870.45 0.00 0.00 0.00
4-B-3 352,000.00 350,703.01 1,303.82 0.00 0.00 0.00
4-B-4 176,000.00 175,351.51 651.91 0.00 0.00 0.00
4-B-5 176,000.00 175,351.51 651.91 0.00 0.00 0.00
4-B-6 117,574.00 117,140.79 435.50 0.00 0.00 0.00
30-B-1 6,864,000.00 6,856,966.84 7,071.99 0.00 0.00 0.00
30-B-2 3,251,000.00 3,247,668.88 3,349.51 0.00 0.00 0.00
30-B-3 1,806,000.00 1,804,149.49 1,860.73 0.00 0.00 0.00
30-B-4 1,806,000.00 1,804,149.49 1,860.73 0.00 0.00 0.00
30-B-5 1,265,000.00 1,263,703.82 1,303.33 0.00 0.00 0.00
30-B-6 1,445,049.00 1,443,568.35 1,488.83 0.00 0.00 0.00
30-B-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 478,549,015.00 476,737,831.69 805,455.28 2,103,623.14 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 1,136,821.81 175,284,666.78 0.98939771 1,136,821.81
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 520,220.42 94,638,314.98 0.99344252 520,220.42
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 495,668.66 45,224,138.19 0.98796588 495,668.66
3-A-2 0.00 7,225,833.00 1.00000000 0.00
3-A-3 0.00 314,167.00 1.00000000 0.00
3-IO 0.00 0.00 0.00000000 0.00
4-A-1 632,055.35 93,977,003.90 0.98464009 632,055.35
4-A-2 0.00 16,985,000.00 1.00000000 0.00
4-IO 0.00 0.00 0.00000000 0.00
PO 97,814.84 21,213,858.00 0.99309808 97,814.84
4-B-1 5,648.64 1,513,732.30 0.99261134 5,648.64
4-B-2 870.45 233,263.67 0.99261136 870.45
4-B-3 1,303.82 349,399.19 0.99261134 1,303.82
4-B-4 651.91 174,699.60 0.99261136 651.91
4-B-5 651.91 174,699.60 0.99261136 651.91
4-B-6 435.50 116,705.29 0.99261138 435.50
30-B-1 7,071.99 6,849,894.85 0.99794505 7,071.99
30-B-2 3,349.51 3,244,319.37 0.99794505 3,349.51
30-B-3 1,860.73 1,802,288.77 0.99794506 1,860.73
30-B-4 1,860.73 1,802,288.77 0.99794506 1,860.73
30-B-5 1,303.33 1,262,400.49 0.99794505 1,303.33
30-B-6 1,488.83 1,442,079.52 0.99794507 1,488.83
30-B-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 2,909,078.43 473,828,753.27 0.99013630 2,909,078.43
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-1 177,163,000.00 995.81452442 1.03631001 5.38050281 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 95,263,000.00 998.90340846 1.01680191 4.44408448 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 45,775,000.00 998.79425123 1.19137477 9.63699552 0.00000000
3-A-2 7,225,833.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-3 314,167.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 95,443,000.00 991.26242103 4.34684932 2.27548390 0.00000000
4-A-2 16,985,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
4-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
PO 21,361,292.00 997.67714659 1.36166951 3.21739996 0.00000000
4-B-1 1,525,000.00 996.31537705 3.70402623 0.00000000 0.00000000
4-B-2 235,000.00 996.31536170 3.70404255 0.00000000 0.00000000
4-B-3 352,000.00 996.31536932 3.70403409 0.00000000 0.00000000
4-B-4 176,000.00 996.31539773 3.70403409 0.00000000 0.00000000
4-B-5 176,000.00 996.31539773 3.70403409 0.00000000 0.00000000
4-B-6 117,574.00 996.31542688 3.70405022 0.00000000 0.00000000
30-B-1 6,864,000.00 998.97535548 1.03030157 0.00000000 0.00000000
30-B-2 3,251,000.00 998.97535528 1.03030145 0.00000000 0.00000000
30-B-3 1,806,000.00 998.97535437 1.03030454 0.00000000 0.00000000
30-B-4 1,806,000.00 998.97535437 1.03030454 0.00000000 0.00000000
30-B-5 1,265,000.00 998.97535178 1.03030040 0.00000000 0.00000000
30-B-6 1,445,049.00 998.97536347 1.03029724 0.00000000 0.00000000
30-B-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 6.41681282 989.39771160 0.98939771 6.41681282
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 5.46088639 993.44252207 0.99344252 5.46088639
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 10.82837051 987.96588072 0.98796588 10.82837051
3-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 0.00000000 6.62233323 984.64008780 0.98464009 6.62233323
4-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
4-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
PO 0.00000000 4.57906947 993.09807665 0.99309808 4.57906947
4-B-1 0.00000000 3.70402623 992.61134426 0.99261134 3.70402623
4-B-2 0.00000000 3.70404255 992.61136170 0.99261136 3.70404255
4-B-3 0.00000000 3.70403409 992.61133523 0.99261134 3.70403409
4-B-4 0.00000000 3.70403409 992.61136364 0.99261136 3.70403409
4-B-5 0.00000000 3.70403409 992.61136364 0.99261136 3.70403409
4-B-6 0.00000000 3.70405022 992.61137666 0.99261138 3.70405022
30-B-1 0.00000000 1.03030157 997.94505390 0.99794505 1.03030157
30-B-2 0.00000000 1.03030145 997.94505383 0.99794505 1.03030145
30-B-3 0.00000000 1.03030454 997.94505537 0.99794506 1.03030454
30-B-4 0.00000000 1.03030454 997.94505537 0.99794506 1.03030454
30-B-5 0.00000000 1.03030040 997.94505138 0.99794505 1.03030040
30-B-6 0.00000000 1.03029724 997.94506622 0.99794507 1.03029724
30-B-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-1 177,163,000.00 6.00000% 176,421,488.59 882,107.44 0.00 0.00
1-A-R 50.00 6.00000% 0.00 0.00 0.00 0.00
1-A-LR 50.00 6.00000% 0.00 0.00 0.00 0.00
2-A-1 95,263,000.00 6.00000% 95,158,535.40 475,792.68 0.00 0.00
CB-IO 0.00 0.26823% 9,509,935.70 2,125.67 0.00 0.00
3-A-1 45,775,000.00 5.75000% 45,719,806.85 219,074.07 0.00 0.00
3-A-2 7,225,833.00 6.00000% 7,225,833.00 36,129.17 0.00 0.00
3-A-3 314,167.00 0.00000% 314,167.00 0.00 0.00 0.00
3-IO 0.00 0.32847% 10,801,589.70 2,956.68 0.00 0.00
4-A-1 95,443,000.00 5.00000% 94,609,059.25 394,204.41 0.00 0.00
4-A-2 16,985,000.00 5.00000% 16,985,000.00 70,770.83 0.00 0.00
4-IO 0.00 0.24342% 62,109,126.53 12,598.97 0.00 0.00
PO 21,361,292.00 0.00000% 21,311,672.85 0.00 0.00 0.00
4-B-1 1,525,000.00 5.00000% 1,519,380.95 6,330.75 0.00 0.00
4-B-2 235,000.00 5.00000% 234,134.11 975.56 0.00 0.00
4-B-3 352,000.00 5.00000% 350,703.01 1,461.26 0.00 0.00
4-B-4 176,000.00 5.00000% 175,351.51 730.63 0.00 0.00
4-B-5 176,000.00 5.00000% 175,351.51 730.63 0.00 0.00
4-B-6 117,574.00 5.00000% 117,140.79 488.09 0.00 0.00
30-B-1 6,864,000.00 5.75000% 6,856,966.84 32,856.30 0.00 0.00
30-B-2 3,251,000.00 5.75000% 3,247,668.88 15,561.75 0.00 0.00
30-B-3 1,806,000.00 5.75000% 1,804,149.49 8,644.88 0.00 0.00
30-B-4 1,806,000.00 5.75000% 1,804,149.49 8,644.88 0.00 0.00
30-B-5 1,265,000.00 5.75000% 1,263,703.82 6,055.25 0.00 0.00
30-B-6 1,445,049.00 5.75000% 1,443,568.35 6,917.10 0.00 0.00
30-B-IO 0.00 0.25000% 13,819,267.95 2,879.01 0.00 0.00
SES 0.00 0.00000% 476,737,831.95 0.00 0.00 0.00
Totals 478,549,015.00 2,188,036.01 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 0.11 0.00 882,107.34 0.00 175,284,666.78
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 0.06 0.00 475,792.62 0.00 94,638,314.98
CB-IO 0.00 0.00 2,125.67 0.00 9,234,953.84
3-A-1 0.03 0.00 219,074.05 0.00 45,224,138.19
3-A-2 0.00 0.00 36,129.16 0.00 7,225,833.00
3-A-3 0.00 0.00 0.00 0.00 314,167.00
3-IO 0.00 0.00 2,956.68 0.00 10,368,514.00
4-A-1 0.06 0.00 394,204.36 0.00 93,977,003.90
4-A-2 0.01 0.00 70,770.82 0.00 16,985,000.00
4-IO 0.00 0.00 12,598.97 0.00 61,777,746.27
PO 0.00 0.00 0.00 0.00 21,213,858.00
4-B-1 0.00 0.00 6,330.75 0.00 1,513,732.30
4-B-2 0.00 0.00 975.56 0.00 233,263.67
4-B-3 0.00 0.00 1,461.26 0.00 349,399.19
4-B-4 0.00 0.00 730.63 0.00 174,699.60
4-B-5 0.00 0.00 730.63 0.00 174,699.60
4-B-6 0.00 0.00 488.09 0.00 116,705.29
30-B-1 0.00 0.00 32,856.30 0.00 6,849,894.85
30-B-2 0.00 0.00 15,561.74 0.00 3,244,319.37
30-B-3 0.00 0.00 8,644.88 0.00 1,802,288.77
30-B-4 0.00 0.00 8,644.88 0.00 1,802,288.77
30-B-5 0.00 0.00 6,055.25 0.00 1,262,400.49
30-B-6 0.00 0.00 6,917.10 0.00 1,442,079.52
30-B-IO 0.00 0.00 2,879.01 0.00 13,804,996.05
SES 0.00 0.00 82,636.79 0.00 473,828,753.51
Totals 0.27 0.00 2,270,672.54 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-1 177,163,000.00 6.00000% 995.81452442 4.97907261 0.00000000 0.00000000
1-A-R 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 95,263,000.00 6.00000% 998.90340846 4.99451707 0.00000000 0.00000000
CB-IO 0.00 0.26823% 968.91532054 0.21657289 0.00000000 0.00000000
3-A-1 45,775,000.00 5.75000% 998.79425123 4.78588902 0.00000000 0.00000000
3-A-2 7,225,833.00 6.00000% 1000.00000000 5.00000069 0.00000000 0.00000000
3-A-3 314,167.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.32847% 999.01229797 0.27345602 0.00000000 0.00000000
4-A-1 95,443,000.00 5.00000% 991.26242103 4.13026005 0.00000000 0.00000000
4-A-2 16,985,000.00 5.00000% 1000.00000000 4.16666647 0.00000000 0.00000000
4-IO 0.00 0.24342% 991.90812189 0.20121070 0.00000000 0.00000000
PO 21,361,292.00 0.00000% 997.67714659 0.00000000 0.00000000 0.00000000
4-B-1 1,525,000.00 5.00000% 996.31537705 4.15131148 0.00000000 0.00000000
4-B-2 235,000.00 5.00000% 996.31536170 4.15131915 0.00000000 0.00000000
4-B-3 352,000.00 5.00000% 996.31536932 4.15130682 0.00000000 0.00000000
4-B-4 176,000.00 5.00000% 996.31539773 4.15130682 0.00000000 0.00000000
4-B-5 176,000.00 5.00000% 996.31539773 4.15130682 0.00000000 0.00000000
4-B-6 117,574.00 5.00000% 996.31542688 4.15134298 0.00000000 0.00000000
30-B-1 6,864,000.00 5.75000% 998.97535548 4.78675699 0.00000000 0.00000000
30-B-2 3,251,000.00 5.75000% 998.97535528 4.78675792 0.00000000 0.00000000
30-B-3 1,806,000.00 5.75000% 998.97535437 4.78675526 0.00000000 0.00000000
30-B-4 1,806,000.00 5.75000% 998.97535437 4.78675526 0.00000000 0.00000000
30-B-5 1,265,000.00 5.75000% 998.97535178 4.78675889 0.00000000 0.00000000
30-B-6 1,445,049.00 5.75000% 998.97536347 4.78675810 0.00000000 0.00000000
30-B-IO 0.00 0.25000% 998.97406218 0.20811930 0.00000000 0.00000000
SES 0.00 0.00000% 996.21526059 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 0.00000062 0.00000000 4.97907204 0.00000000 989.39771160
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 0.00000063 0.00000000 4.99451644 0.00000000 993.44252207
CB-IO 0.00000000 0.00000000 0.21657289 0.00000000 940.89892323
3-A-1 0.00000066 0.00000000 4.78588859 0.00000000 987.96588072
3-A-2 0.00000000 0.00000000 4.99999931 0.00000000 1000.00000000
3-A-3 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
3-IO 0.00000000 0.00000000 0.27345602 0.00000000 958.95819832
4-A-1 0.00000063 0.00000000 4.13025953 0.00000000 984.64008780
4-A-2 0.00000059 0.00000000 4.16666588 0.00000000 1000.00000000
4-IO 0.00000000 0.00000000 0.20121070 0.00000000 986.61584377
PO 0.00000000 0.00000000 0.00000000 0.00000000 993.09807665
4-B-1 0.00000000 0.00000000 4.15131148 0.00000000 992.61134426
4-B-2 0.00000000 0.00000000 4.15131915 0.00000000 992.61136170
4-B-3 0.00000000 0.00000000 4.15130682 0.00000000 992.61133523
4-B-4 0.00000000 0.00000000 4.15130682 0.00000000 992.61136364
4-B-5 0.00000000 0.00000000 4.15130682 0.00000000 992.61136364
4-B-6 0.00000000 0.00000000 4.15134298 0.00000000 992.61137666
30-B-1 0.00000000 0.00000000 4.78675699 0.00000000 997.94505390
30-B-2 0.00000000 0.00000000 4.78675484 0.00000000 997.94505383
30-B-3 0.00000000 0.00000000 4.78675526 0.00000000 997.94505537
30-B-4 0.00000000 0.00000000 4.78675526 0.00000000 997.94505537
30-B-5 0.00000000 0.00000000 4.78675889 0.00000000 997.94505138
30-B-6 0.00000000 0.00000000 4.78675810 0.00000000 997.94506622
30-B-IO 0.00000000 0.00000000 0.20811930 0.00000000 997.94236803
SES 0.00000000 0.00000000 0.17268198 0.00000000 990.13630452
<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-IO 0.29790% 4,898,765.54 4,893,451.19 0.00 0.00 94.11898824%
2-IO 0.23671% 4,611,170.16 4,341,502.65 0.00 0.00 94.05711890%
1-PO 0.00000% 0.00 0.00 12,073,297.50 12,006,623.05 99.20841519%
2-PO 0.00000% 0.00 0.00 5,651,656.72 5,640,714.52 99.69343768%
3-PO 0.00000% 0.00 0.00 1,292,382.29 1,289,889.99 99.70010048%
4-PO 0.00000% 0.00 0.00 2,294,336.34 2,276,630.46 98.68196623%
30-B-IO-1 0.25000% 9,012,936.83 9,003,557.37 0.00 0.00 99.79267197%
30-B-IO-2 0.25000% 4,806,331.13 4,801,438.68 0.00 0.00 99.79717127%
1-SES 0.00000% 197,507,722.92 196,294,847.20 0.00 0.00 98.99492557%
2-SES 0.00000% 105,616,523.25 105,080,468.17 0.00 0.00 99.38354763%
3-SES 0.00000% 57,153,128.20 56,652,304.02 0.00 0.00 99.02109453%
4-SES 0.00000% 116,460,457.58 115,801,134.12 0.00 0.00 98.70821534%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,201,800.09
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 5,201,800.09
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 22,049.12
Payment of Interest and Principal 5,179,750.97
Total Withdrawals (Pool Distribution Amount) 5,201,800.09
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 19,864.08
Trustee Fee - Wells Fargo Bank, N.A. 2,185.04
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 22,049.12
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
255,264.58 0.00 0.00 255,264.58
30 Days 33 0 0 0 33
5,798,518.53 0.00 0.00 0.00 5,798,518.53
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 33 1 0 0 34
5,798,518.53 255,264.58 0.00 0.00 6,053,783.11
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 0.031939% 0.000000% 0.000000% 0.031939%
0.053798% 0.000000% 0.000000% 0.053798%
30 Days 1.053976% 0.000000% 0.000000% 0.000000% 1.053976%
1.222071% 0.000000% 0.000000% 0.000000% 1.222071%
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 1.053976% 0.031939% 0.000000% 0.000000% 1.085915%
1.222071% 0.053798% 0.000000% 0.000000% 1.275869%
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 16 0 0 0 16
2,770,647.31 0.00 0.00 0.00 2,770,647.31
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 16 0 0 0 16
2,770,647.31 0.00 0.00 0.00 2,770,647.31
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.111111% 0.000000% 0.000000% 0.000000% 1.111111%
1.410232% 0.000000% 0.000000% 0.000000% 1.410232%
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 1.111111% 0.000000% 0.000000% 0.000000% 1.111111%
1.410232% 0.000000% 0.000000% 0.000000% 1.410232%
<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 1 0 0 1
255,264.58 0.00 0.00 255,264.58
30 Days 6 0 0 0 6
789,306.57 0.00 0.00 0.00 789,306.57
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 6 1 0 0 7
789,306.57 255,264.58 0.00 0.00 1,044,571.15
0-29 Days 0.149254% 0.000000% 0.000000% 0.149254%
0.242737% 0.000000% 0.000000% 0.242737%
30 Days 0.895522% 0.000000% 0.000000% 0.000000% 0.895522%
0.750570% 0.000000% 0.000000% 0.000000% 0.750570%
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 0.895522% 0.149254% 0.000000% 0.000000% 1.044776%
0.750570% 0.242737% 0.000000% 0.000000% 0.993307%
<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 1 0 0 0 1
1,000,000.00 0.00 0.00 0.00 1,000,000.00
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 1 0 0 0 1
1,000,000.00 0.00 0.00 0.00 1,000,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.884956% 0.000000% 0.000000% 0.000000% 0.884956%
1.763656% 0.000000% 0.000000% 0.000000% 1.763656%
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 0.884956% 0.000000% 0.000000% 0.000000% 0.884956%
1.763656% 0.000000% 0.000000% 0.000000% 1.763656%
<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 10 0 0 0 10
1,238,564.65 0.00 0.00 0.00 1,238,564.65
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 10 0 0 0 10
1,238,564.65 0.00 0.00 0.00 1,238,564.65
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.101322% 0.000000% 0.000000% 0.000000% 1.101322%
1.066311% 0.000000% 0.000000% 0.000000% 1.066311%
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 1.101322% 0.000000% 0.000000% 0.000000% 1.101322%
1.066311% 0.000000% 0.000000% 0.000000% 1.066311%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 36,167.53
COLLATERAL STATEMENT
Collateral Description Fixed
Weighted Average Gross Coupon 5.763019%
Weighted Average Net Coupon 5.513019%
Weighted Average Pass-Through Rate 5.507519%
Weighted Average Maturity(Stepdown Calculation ) 356
Beginning Scheduled Collateral Loan Count 3,144
Number Of Loans Paid In Full 13
Ending Scheduled Collateral Loan Count 3,131
Beginning Scheduled Collateral Balance 476,737,831.95
Ending Scheduled Collateral Balance 473,828,753.51
Ending Actual Collateral Balance at 30-Jun-2004 474,483,105.58
Monthly P &I Constant 3,094,996.44
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 473,828,753.51
Scheduled Principal 805,455.29
Unscheduled Principal 2,103,623.15
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 15 Year
Weighted Average Coupon Rate 5.896119 5.944767 5.937556
Weighted Average Net Rate 5.646119 5.694767 5.687556
Weighted Average Maturity 357 356 356
Beginning Loan Count 1,447 672 114
Loans Paid In Full 7 2 1
Ending Loan Count 1,440 670 113
Beginning Scheduled Balance 197,507,722.92 105,616,523.25 57,153,128.20
Ending scheduled Balance 196,294,847.20 105,080,468.17 56,652,304.02
Record Date 06/30/2004 06/30/2004 06/30/2004
Principal And Interest Constant 1,176,310.11 630,855.30 341,377.32
Scheduled Principal 205,869.31 107,633.98 58,585.72
Unscheduled Principal 1,007,006.41 428,421.10 442,238.46
Scheduled Interest 970,440.80 523,221.32 282,791.60
Servicing Fees 41,147.45 22,003.45 11,906.91
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 905.24 484.07 261.96
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 928,388.11 500,733.80 270,622.73
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 5.640619 5.689267 5.682056
Group Level Collateral Statement
Group 4 Total
Collateral Description Mixed ARM Fixed
Weighted Average Coupon Rate 5.286815 5.763019
Weighted Average Net Rate 5.036815 5.513019
Weighted Average Maturity 356 356
Beginning Loan Count 911 3,144
Loans Paid In Full 3 13
Ending Loan Count 908 3,131
Beginning Scheduled Balance 116,460,457.58 476,737,831.95
Ending scheduled Balance 115,801,134.12 473,828,753.51
Record Date 06/30/2004 06/30/2004
Principal And Interest Constant 946,453.71 3,094,996.44
Scheduled Principal 433,366.28 805,455.29
Unscheduled Principal 225,957.18 2,103,623.15
Scheduled Interest 513,087.43 2,289,541.15
Servicing Fees 24,262.58 99,320.39
Master Servicing Fees 0.00 0.00
Trustee Fee 533.77 2,185.04
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 488,291.08 2,188,035.72
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 5.031315 5.507519
Miscellaneous Reporting
Group 1
CPR 5.955629%
Subordinate Percenatge 4.860444%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.139556%
Group 2
CPR 4.765265%
Subordinate Percenatge 4.808020%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.191980%
Group 3
CPR 8.908939%
Subordinate Percenatge 4.656111%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.343889%
Miscellaneous Reporting
Group 4
CPR 2.312073%
Subordinate Percenatge 2.252911%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.747089%