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): August 25, 2004
FREMONT HOME LOAN TRUST
Asset-Backed 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)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On August 25, 2004 a distribution was made to holders of FREMONT HOME LOAN
TRUST, Asset-Backed Certificates, Series 2004-B Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset-Backed Certificates,
Series 2004-B Trust, relating to the
August 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.
FREMONT HOME LOAN TRUST
Asset-Backed Certificates, Series 2004-B Trust
(Registrant)
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: 8/27/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset-Backed
Certificates, Series 2004-B Trust,
relating to the August 25, 2004 distribution.
EX-99.1
Fremont Home Loan Trust
Asset-Backed Certificates
Record Date: 7/31/2004
Distribution Date: 8/25/2004
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 1.72000% 408,614,425.36 585,680.68 11,193,974.21
IIA-1 35729PDM9 SEN 1.55000% 52,406,647.46 67,691.92 4,410,602.71
IIA-2 35729PDN7 SEN 1.69000% 138,750,000.00 195,406.25 0.00
IIA-3 35729PDP2 SEN 1.93000% 20,532,000.00 33,022.30 0.00
M-1 35729PDQ0 MEZ 2.03000% 27,654,000.00 46,781.35 0.00
M-2 35729PDR8 MEZ 2.08000% 25,679,000.00 44,510.27 0.00
M-3 35729PDS6 MEZ 2.12500% 14,617,000.00 25,884.27 0.00
M-4 35729PDT4 MEZ 2.62000% 13,432,000.00 29,326.53 0.00
M-5 35729PDU1 MEZ 2.67500% 10,667,000.00 23,778.52 0.00
M-6 35729PDV9 MEZ 3.00000% 9,877,000.00 24,692.50 0.00
M-7 35729PDW7 MEZ 3.45000% 10,667,000.00 30,667.63 0.00
M-8 35729PDX5 MEZ 3.80000% 7,901,000.00 25,019.83 0.00
M-9 35729PDY3 MEZ 4.95000% 9,877,000.00 40,742.63 0.00
C FOM0400BC OC 0.00000% 15,802,510.80 3,013,764.77 0.00
P FOM0400BP PrePay 0.00000% 100.00 396,804.27 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 766,476,683.62 4,583,773.72 15,604,576.92
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
IA-1 0.00 397,420,451.15 11,779,654.89 0.00
IIA-1 0.00 47,996,044.75 4,478,294.63 0.00
IIA-2 0.00 138,750,000.00 195,406.25 0.00
IIA-3 0.00 20,532,000.00 33,022.30 0.00
M-1 0.00 27,654,000.00 46,781.35 0.00
M-2 0.00 25,679,000.00 44,510.27 0.00
M-3 0.00 14,617,000.00 25,884.27 0.00
M-4 0.00 13,432,000.00 29,326.53 0.00
M-5 0.00 10,667,000.00 23,778.52 0.00
M-6 0.00 9,877,000.00 24,692.50 0.00
M-7 0.00 10,667,000.00 30,667.63 0.00
M-8 0.00 7,901,000.00 25,019.83 0.00
M-9 0.00 9,877,000.00 40,742.63 0.00
C 0.00 15,802,510.80 3,013,764.77 0.00
P 0.00 100.00 396,804.27 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
Totals 0.00 750,872,106.70 20,188,350.64 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-1 423,670,000.00 408,614,425.36 0.00 11,193,974.21 0.00 0.00
IIA-1 61,000,000.00 52,406,647.46 0.00 4,410,602.71 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 790,125,540.02 766,476,683.62 0.00 15,604,576.92 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 11,193,974.21 397,420,451.15 0.93804247 11,193,974.21
IIA-1 4,410,602.71 47,996,044.75 0.78682041 4,410,602.71
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 15,604,576.92 750,872,106.70 0.95032000 15,604,576.92
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-1 423,670,000.00 964.46391144 0.00000000 26.42144643 0.00000000
IIA-1 61,000,000.00 859.12536820 0.00000000 72.30496246 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 26.42144643 938.04246501 0.93804247 26.42144643
IIA-1 0.00000000 72.30496246 786.82040574 0.78682041 72.30496246
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 1.72000% 408,614,425.36 585,680.68 0.00 0.00
IIA-1 61,000,000.00 1.55000% 52,406,647.46 67,691.92 0.00 0.00
IIA-2 138,750,000.00 1.69000% 138,750,000.00 195,406.25 0.00 0.00
IIA-3 20,532,000.00 1.93000% 20,532,000.00 33,022.30 0.00 0.00
M-1 27,654,000.00 2.03000% 27,654,000.00 46,781.35 0.00 0.00
M-2 25,679,000.00 2.08000% 25,679,000.00 44,510.27 0.00 0.00
M-3 14,617,000.00 2.12500% 14,617,000.00 25,884.27 0.00 0.00
M-4 13,432,000.00 2.62000% 13,432,000.00 29,326.53 0.00 0.00
M-5 10,667,000.00 2.67500% 10,667,000.00 23,778.52 0.00 0.00
M-6 9,877,000.00 3.00000% 9,877,000.00 24,692.50 0.00 0.00
M-7 10,667,000.00 3.45000% 10,667,000.00 30,667.63 0.00 0.00
M-8 7,901,000.00 3.80000% 7,901,000.00 25,019.83 0.00 0.00
M-9 9,877,000.00 4.95000% 9,877,000.00 40,742.63 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 1,173,204.68 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 0.00 585,680.68 0.00 397,420,451.15
IIA-1 0.00 0.00 67,691.92 0.00 47,996,044.75
IIA-2 0.00 0.00 195,406.25 0.00 138,750,000.00
IIA-3 0.00 0.00 33,022.30 0.00 20,532,000.00
M-1 0.00 0.00 46,781.35 0.00 27,654,000.00
M-2 0.00 0.00 44,510.27 0.00 25,679,000.00
M-3 0.00 0.00 25,884.27 0.00 14,617,000.00
M-4 0.00 0.00 29,326.53 0.00 13,432,000.00
M-5 0.00 0.00 23,778.52 0.00 10,667,000.00
M-6 0.00 0.00 24,692.50 0.00 9,877,000.00
M-7 0.00 0.00 30,667.63 0.00 10,667,000.00
M-8 0.00 0.00 25,019.83 0.00 7,901,000.00
M-9 0.00 0.00 40,742.63 0.00 9,877,000.00
C 0.00 0.00 3,013,764.77 0.00 15,802,510.80
P 0.00 0.00 396,804.27 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 4,583,773.72 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 1.72000% 964.46391144 1.38239828 0.00000000 0.00000000
IIA-1 61,000,000.00 1.55000% 859.12536820 1.10970361 0.00000000 0.00000000
IIA-2 138,750,000.00 1.69000% 1000.00000000 1.40833333 0.00000000 0.00000000
IIA-3 20,532,000.00 1.93000% 1000.00000000 1.60833333 0.00000000 0.00000000
M-1 27,654,000.00 2.03000% 1000.00000000 1.69166667 0.00000000 0.00000000
M-2 25,679,000.00 2.08000% 1000.00000000 1.73333346 0.00000000 0.00000000
M-3 14,617,000.00 2.12500% 1000.00000000 1.77083328 0.00000000 0.00000000
M-4 13,432,000.00 2.62000% 1000.00000000 2.18333309 0.00000000 0.00000000
M-5 10,667,000.00 2.67500% 1000.00000000 2.22916659 0.00000000 0.00000000
M-6 9,877,000.00 3.00000% 1000.00000000 2.50000000 0.00000000 0.00000000
M-7 10,667,000.00 3.45000% 1000.00000000 2.87500047 0.00000000 0.00000000
M-8 7,901,000.00 3.80000% 1000.00000000 3.16666624 0.00000000 0.00000000
M-9 9,877,000.00 4.95000% 1000.00000000 4.12500051 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 1.38239828 0.00000000 938.04246501
IIA-1 0.00000000 0.00000000 1.10970361 0.00000000 786.82040574
IIA-2 0.00000000 0.00000000 1.40833333 0.00000000 1000.00000000
IIA-3 0.00000000 0.00000000 1.60833333 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 1.69166667 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 1.73333346 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 1.77083328 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 2.18333309 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 2.22916659 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 2.50000000 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 2.87500047 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 3.16666624 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.12500051 0.00000000 1000.00000000
C 0.00000000 0.00000000 190.71515324 0.00000000 1000.00447906
P 0.00000000 0.00000000 3968042.70000000 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 20,065,543.25
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 315,613.68
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 396,804.27
Total Deposits 20,777,961.20
Withdrawals
Reimbursement for Servicer Advances 262,261.20
Payment of Service Fee 327,349.36
Payment of Interest and Principal 20,188,350.64
Total Withdrawals (Pool Distribution Amount) 20,777,961.20
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 319,365.26
Master Servicing 3,992.05
Trust Administration 3,992.05
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 327,349.36
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 43 0 1 0 44
8,183,532.00 0.00 80,938.07 0.00 8,264,470.07
60 Days 2 0 13 0 15
342,384.28 0.00 2,749,749.82 0.00 3,092,134.10
90 Days 0 1 2 0 3
0.00 87,500.00 179,250.00 0.00 266,750.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 1 0 1
0.00 0.00 160,500.00 0.00 160,500.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 45 1 17 0 63
8,525,916.28 87,500.00 3,170,437.89 0.00 11,783,854.17
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 1.205495% 0.000000% 0.028035% 0.000000% 1.233530%
1.089138% 0.000000% 0.010772% 0.000000% 1.099910%
60 Days 0.056070% 0.000000% 0.364452% 0.000000% 0.420521%
0.045568% 0.000000% 0.365961% 0.000000% 0.411529%
90 Days 0.000000% 0.028035% 0.056070% 0.000000% 0.084104%
0.000000% 0.011645% 0.023856% 0.000000% 0.035501%
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% 0.028035% 0.000000% 0.028035%
0.000000% 0.000000% 0.021361% 0.000000% 0.021361%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.261564% 0.028035% 0.476591% 0.000000% 1.766190%
1.134706% 0.011645% 0.421950% 0.000000% 1.568302%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 315,613.68
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 7.066380%
Weighted Average Net Coupon 6.566380%
Weighted Average Pass-Through Rate 6.553880%
Weighted Average Maturity(Stepdown Calculation ) 352
Beginning Scheduled Collateral Loan Count 3,641
Number Of Loans Paid In Full 74
Ending Scheduled Collateral Loan Count 3,567
Beginning Scheduled Collateral Balance 766,476,683.62
Ending Scheduled Collateral Balance 750,872,106.70
Ending Actual Collateral Balance at 31-Jul-2004 751,376,820.84
Monthly P &I Constant 5,059,971.28
Special Servicing Fee 0.00
Prepayment Penalties 396,804.27
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 750,872,106.70
Scheduled Principal 546,458.48
Unscheduled Principal 15,058,118.44
Other Income 806.01
Miscellaneous Reporting
Excess Cash Amount 3,013,764.43
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 0.00
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 6.914715 7.231201 6.735967
Weighted Average Net Rate 6.414715 6.731201 6.235968
Weighted Average Maturity 355 343 346
Beginning Loan Count 693 2,011 174
Loans Paid In Full 12 45 4
Ending Loan Count 681 1,966 170
Beginning Scheduled Balance 129,105,304.91 375,679,694.94 50,041,620.49
Ending scheduled Balance 126,794,670.29 366,796,355.35 48,846,864.07
Record Date 07/31/2004 07/31/2004 07/31/2004
Principal And Interest Constant 874,454.22 2,502,751.76 330,620.03
Scheduled Principal 130,515.56 238,905.61 49,721.09
Unscheduled Principal 2,180,119.06 8,644,433.98 1,145,035.33
Scheduled Interest 743,938.66 2,263,846.15 280,898.94
Servicing Fees 53,793.87 156,533.19 20,850.67
Master Servicing Fees 672.40 1,956.66 260.64
Trustee Fee 672.40 1,956.66 260.64
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 690,144.76 2,107,312.90 260,048.27
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 6.402215 6.718701 6.223467
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM
Weighted Average Coupon Rate 6.944457 7.066380
Weighted Average Net Rate 6.444457 6.566380
Weighted Average Maturity 355 352
Beginning Loan Count 763 3,641
Loans Paid In Full 13 74
Ending Loan Count 750 3,567
Beginning Scheduled Balance 211,650,063.28 766,476,683.62
Ending scheduled Balance 208,434,216.99 750,872,106.70
Record Date 07/31/2004 07/31/2004
Principal And Interest Constant 1,352,145.27 5,059,971.28
Scheduled Principal 127,316.22 546,458.48
Unscheduled Principal 3,088,530.07 15,058,118.44
Scheduled Interest 1,224,829.05 4,513,512.80
Servicing Fees 88,187.53 319,365.26
Master Servicing Fees 1,102.35 3,992.05
Trustee Fee 1,102.35 3,992.05
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 1,136,641.51 4,194,147.44
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 6.431957 6.553880