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
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-7 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-40 54-2157792
Pooling and Servicing Agreement) (Commission 54-2157794
(State or other File Number) 54-2157793
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)
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 BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-7
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders
of Mortgage Pass-Through Certificates,
Series 2004-7 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.
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-7 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 8/26/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-7 Trust,
relating to the August 25, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 7/31/04
Distribution Date: 8/25/04
BAA Series: 2004-7
Contact: Customer Service - SecuritiesLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
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 05949ALX6 SEN 6.00000% 145,430,000.00 727,150.00 1,732,198.37
1-A-R 05949ALY4 SEN 6.00000% 50.00 0.83 50.00
1-A-LR 05949ALZ1 SEN 6.00000% 50.00 0.25 50.00
2-A-1 05949AMA5 SEN 6.00000% 105,495,000.00 527,475.00 109,410.76
2-A-2 05949AMB3 SEN 6.00000% 1,066,000.00 5,330.00 1,105.57
CB-IO 05949AMC1 SEN 6.00000% 0.00 40,342.51 0.00
3-A-1 05949AMD9 SEN 6.00000% 5,228,000.00 26,140.00 0.00
3-A-2 05949AME7 SEN 6.00000% 38,861,000.00 194,305.00 54,116.50
3-A-3 05949AMF4 SEN 6.00000% 2,120,000.00 10,600.00 0.00
3-A-4 05949AMG2 SEN 6.00000% 2,120,000.00 10,600.00 0.00
3-IO 05949AMH0 SEN 6.00000% 0.00 4,782.16 0.00
4-A-1 05949AMJ6 SEN 5.00000% 34,348,000.00 143,116.67 136,116.16
5-A-1 05949AMK3 SEN 5.50000% 54,305,000.00 248,897.92 562,148.20
15-IO 05949ANA4 SEN 5.00000% 0.00 11,985.21 0.00
X-PO 05949AML1 SEN 0.00000% 4,719,787.00 0.00 17,667.12
15-PO 05949AMM9 SEN 0.00000% 947,416.00 0.00 3,703.41
15-B-1 05949AMR8 SUB 5.30418% 2,420,000.00 10,696.76 8,635.12
15-B-2 05949AMS6 SUB 5.30418% 279,000.00 1,233.22 995.54
15-B-3 05949AMT4 SUB 5.30418% 279,000.00 1,233.22 995.54
15-B-4 05949AMX5 SUB 5.30418% 187,000.00 826.57 667.26
15-B-5 05949AMY3 SUB 5.30418% 93,000.00 411.07 331.85
15-B-6 05949AMZ0 SUB 5.30418% 186,199.00 823.03 664.40
30-B-1 05949AMN7 SUB 6.00000% 6,744,000.00 33,720.00 6,379.09
30-B-2 05949AMP2 SUB 6.00000% 3,210,000.00 16,050.00 3,036.31
30-B-3 05949AMQ0 SUB 6.00000% 1,927,000.00 9,635.00 1,822.73
30-B-4 05949AMU1 SUB 6.00000% 1,766,000.00 8,830.00 1,670.44
30-B-5 05949AMV9 SUB 6.00000% 1,444,000.00 7,220.00 1,365.87
30-B-6 05949AMW7 SUB 6.00000% 964,206.00 4,821.03 912.03
Totals 414,139,708.00 2,046,225.45 2,644,042.27
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 143,697,801.63 2,459,348.37 0.00
1-A-R 0.00 0.00 50.83 0.00
1-A-LR 0.00 0.00 50.25 0.00
2-A-1 0.00 105,385,589.24 636,885.76 0.00
2-A-2 0.00 1,064,894.43 6,435.57 0.00
CB-IO 0.00 0.00 40,342.51 0.00
3-A-1 0.00 5,228,000.00 26,140.00 0.00
3-A-2 0.00 38,806,883.50 248,421.50 0.00
3-A-3 0.00 2,120,000.00 10,600.00 0.00
3-A-4 0.00 2,120,000.00 10,600.00 0.00
3-IO 0.00 0.00 4,782.16 0.00
4-A-1 0.00 34,211,883.84 279,232.83 0.00
5-A-1 0.00 53,742,851.80 811,046.12 0.00
15-IO 0.00 0.00 11,985.21 0.00
X-PO 0.00 4,702,119.88 17,667.12 0.00
15-PO 0.00 943,712.59 3,703.41 0.00
15-B-1 0.00 2,411,364.88 19,331.88 0.00
15-B-2 0.00 278,004.46 2,228.76 0.00
15-B-3 0.00 278,004.46 2,228.76 0.00
15-B-4 0.00 186,332.74 1,493.83 0.00
15-B-5 0.00 92,668.15 742.92 0.00
15-B-6 0.00 185,534.60 1,487.43 0.00
30-B-1 0.00 6,737,620.91 40,099.09 0.00
30-B-2 0.00 3,206,963.69 19,086.31 0.00
30-B-3 0.00 1,925,177.27 11,457.73 0.00
30-B-4 0.00 1,764,329.56 10,500.44 0.00
30-B-5 0.00 1,442,634.13 8,585.87 0.00
30-B-6 0.00 963,293.97 5,733.06 0.00
Totals 0.00 411,495,665.73 4,690,267.72 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-1 145,430,000.00 145,430,000.00 137,046.92 1,595,151.45 0.00 0.00
1-A-R 50.00 50.00 3.96 46.04 0.00 0.00
1-A-LR 50.00 50.00 3.96 46.04 0.00 0.00
2-A-1 105,495,000.00 105,495,000.00 99,024.41 10,386.34 0.00 0.00
2-A-2 1,066,000.00 1,066,000.00 1,000.62 104.95 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 5,228,000.00 5,228,000.00 0.00 0.00 0.00 0.00
3-A-2 38,861,000.00 38,861,000.00 46,971.43 7,145.07 0.00 0.00
3-A-3 2,120,000.00 2,120,000.00 0.00 0.00 0.00 0.00
3-A-4 2,120,000.00 2,120,000.00 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 34,348,000.00 34,348,000.00 126,961.44 9,154.72 0.00 0.00
5-A-1 54,305,000.00 54,305,000.00 189,294.64 372,853.56 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
X-PO 4,719,787.00 4,719,787.00 5,109.31 12,557.81 0.00 0.00
15-PO 947,416.00 947,416.00 3,589.48 113.93 0.00 0.00
15-B-1 2,420,000.00 2,420,000.00 8,635.12 0.00 0.00 0.00
15-B-2 279,000.00 279,000.00 995.54 0.00 0.00 0.00
15-B-3 279,000.00 279,000.00 995.54 0.00 0.00 0.00
15-B-4 187,000.00 187,000.00 667.26 0.00 0.00 0.00
15-B-5 93,000.00 93,000.00 331.85 0.00 0.00 0.00
15-B-6 186,199.00 186,199.00 664.40 0.00 0.00 0.00
30-B-1 6,744,000.00 6,744,000.00 6,379.09 0.00 0.00 0.00
30-B-2 3,210,000.00 3,210,000.00 3,036.31 0.00 0.00 0.00
30-B-3 1,927,000.00 1,927,000.00 1,822.73 0.00 0.00 0.00
30-B-4 1,766,000.00 1,766,000.00 1,670.44 0.00 0.00 0.00
30-B-5 1,444,000.00 1,444,000.00 1,365.87 0.00 0.00 0.00
30-B-6 964,206.00 964,206.00 912.03 0.00 0.00 0.00
Totals 414,139,708.00 414,139,708.00 636,482.35 2,007,559.91 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 1,732,198.37 143,697,801.63 0.98808913 1,732,198.37
1-A-R 50.00 0.00 0.00000000 50.00
1-A-LR 50.00 0.00 0.00000000 50.00
2-A-1 109,410.76 105,385,589.24 0.99896288 109,410.76
2-A-2 1,105.57 1,064,894.43 0.99896288 1,105.57
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 0.00 5,228,000.00 1.00000000 0.00
3-A-2 54,116.50 38,806,883.50 0.99860743 54,116.50
3-A-3 0.00 2,120,000.00 1.00000000 0.00
3-A-4 0.00 2,120,000.00 1.00000000 0.00
3-IO 0.00 0.00 0.00000000 0.00
4-A-1 136,116.16 34,211,883.84 0.99603714 136,116.16
5-A-1 562,148.20 53,742,851.80 0.98964832 562,148.20
15-IO 0.00 0.00 0.00000000 0.00
X-PO 17,667.12 4,702,119.88 0.99625680 17,667.12
15-PO 3,703.41 943,712.59 0.99609104 3,703.41
15-B-1 8,635.12 2,411,364.88 0.99643177 8,635.12
15-B-2 995.54 278,004.46 0.99643176 995.54
15-B-3 995.54 278,004.46 0.99643176 995.54
15-B-4 667.26 186,332.74 0.99643176 667.26
15-B-5 331.85 92,668.15 0.99643172 331.85
15-B-6 664.40 185,534.60 0.99643177 664.40
30-B-1 6,379.09 6,737,620.91 0.99905411 6,379.09
30-B-2 3,036.31 3,206,963.69 0.99905411 3,036.31
30-B-3 1,822.73 1,925,177.27 0.99905411 1,822.73
30-B-4 1,670.44 1,764,329.56 0.99905411 1,670.44
30-B-5 1,365.87 1,442,634.13 0.99905411 1,365.87
30-B-6 912.03 963,293.97 0.99905411 912.03
Totals 2,644,042.27 411,495,665.73 0.99361558 2,644,042.27
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-1 145,430,000.00 1000.00000000 0.94235660 10.96851716 0.00000000
1-A-R 50.00 1000.00000000 79.20000000 920.80000000 0.00000000
1-A-LR 50.00 1000.00000000 79.20000000 920.80000000 0.00000000
2-A-1 105,495,000.00 1000.00000000 0.93866449 0.09845339 0.00000000
2-A-2 1,066,000.00 1000.00000000 0.93866792 0.09845216 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 5,228,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-2 38,861,000.00 1000.00000000 1.20870358 0.18386223 0.00000000
3-A-3 2,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-4 2,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 34,348,000.00 1000.00000000 3.69632701 0.26652847 0.00000000
5-A-1 54,305,000.00 1000.00000000 3.48576816 6.86591585 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 4,719,787.00 1000.00000000 1.08252978 2.66067303 0.00000000
15-PO 947,416.00 1000.00000000 3.78870528 0.12025341 0.00000000
15-B-1 2,420,000.00 1000.00000000 3.56823140 0.00000000 0.00000000
15-B-2 279,000.00 1000.00000000 3.56824373 0.00000000 0.00000000
15-B-3 279,000.00 1000.00000000 3.56824373 0.00000000 0.00000000
15-B-4 187,000.00 1000.00000000 3.56823529 0.00000000 0.00000000
15-B-5 93,000.00 1000.00000000 3.56827957 0.00000000 0.00000000
15-B-6 186,199.00 1000.00000000 3.56822539 0.00000000 0.00000000
30-B-1 6,744,000.00 1000.00000000 0.94589116 0.00000000 0.00000000
30-B-2 3,210,000.00 1000.00000000 0.94589097 0.00000000 0.00000000
30-B-3 1,927,000.00 1000.00000000 0.94588998 0.00000000 0.00000000
30-B-4 1,766,000.00 1000.00000000 0.94588901 0.00000000 0.00000000
30-B-5 1,444,000.00 1000.00000000 0.94589335 0.00000000 0.00000000
30-B-6 964,206.00 1000.00000000 0.94588708 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 11.91087375 988.08912625 0.98808913 11.91087375
1-A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
1-A-LR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2-A-1 0.00000000 1.03711797 998.96288203 0.99896288 1.03711797
2-A-2 0.00000000 1.03712008 998.96287992 0.99896288 1.03712008
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-2 0.00000000 1.39256581 998.60743419 0.99860743 1.39256581
3-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-4 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 3.96285548 996.03714452 0.99603714 3.96285548
5-A-1 0.00000000 10.35168401 989.64831599 0.98964832 10.35168401
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 0.00000000 3.74320282 996.25679718 0.99625680 3.74320282
15-PO 0.00000000 3.90895868 996.09104132 0.99609104 3.90895868
15-B-1 0.00000000 3.56823140 996.43176860 0.99643177 3.56823140
15-B-2 0.00000000 3.56824373 996.43175627 0.99643176 3.56824373
15-B-3 0.00000000 3.56824373 996.43175627 0.99643176 3.56824373
15-B-4 0.00000000 3.56823529 996.43176471 0.99643176 3.56823529
15-B-5 0.00000000 3.56827957 996.43172043 0.99643172 3.56827957
15-B-6 0.00000000 3.56822539 996.43177461 0.99643177 3.56822539
30-B-1 0.00000000 0.94589116 999.05410884 0.99905411 0.94589116
30-B-2 0.00000000 0.94589097 999.05410903 0.99905411 0.94589097
30-B-3 0.00000000 0.94588998 999.05411002 0.99905411 0.94588998
30-B-4 0.00000000 0.94588901 999.05411099 0.99905411 0.94588901
30-B-5 0.00000000 0.94589335 999.05410665 0.99905411 0.94589335
30-B-6 0.00000000 0.94588708 999.05411292 0.99905411 0.94588708
<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-1 145,430,000.00 6.00000% 145,430,000.00 727,150.00 0.00 0.00
1-A-R 50.00 6.00000% 50.00 0.25 0.00 0.00
1-A-LR 50.00 6.00000% 50.00 0.25 0.00 0.00
2-A-1 105,495,000.00 6.00000% 105,495,000.00 527,475.00 0.00 0.00
2-A-2 1,066,000.00 6.00000% 1,066,000.00 5,330.00 0.00 0.00
CB-IO 0.00 6.00000% 8,068,501.36 40,342.51 0.00 0.00
3-A-1 5,228,000.00 6.00000% 5,228,000.00 26,140.00 0.00 0.00
3-A-2 38,861,000.00 6.00000% 38,861,000.00 194,305.00 0.00 0.00
3-A-3 2,120,000.00 6.00000% 2,120,000.00 10,600.00 0.00 0.00
3-A-4 2,120,000.00 6.00000% 2,120,000.00 10,600.00 0.00 0.00
3-IO 0.00 6.00000% 956,431.15 4,782.16 0.00 0.00
4-A-1 34,348,000.00 5.00000% 34,348,000.00 143,116.67 0.00 0.00
5-A-1 54,305,000.00 5.50000% 54,305,000.00 248,897.92 0.00 0.00
15-IO 0.00 5.00000% 2,876,449.88 11,985.21 0.00 0.00
X-PO 4,719,787.00 0.00000% 4,719,787.00 0.00 0.00 0.00
15-PO 947,416.00 0.00000% 947,416.00 0.00 0.00 0.00
15-B-1 2,420,000.00 5.30418% 2,420,000.00 10,696.76 0.00 0.00
15-B-2 279,000.00 5.30418% 279,000.00 1,233.22 0.00 0.00
15-B-3 279,000.00 5.30418% 279,000.00 1,233.22 0.00 0.00
15-B-4 187,000.00 5.30418% 187,000.00 826.57 0.00 0.00
15-B-5 93,000.00 5.30418% 93,000.00 411.07 0.00 0.00
15-B-6 186,199.00 5.30418% 186,199.00 823.03 0.00 0.00
30-B-1 6,744,000.00 6.00000% 6,744,000.00 33,720.00 0.00 0.00
30-B-2 3,210,000.00 6.00000% 3,210,000.00 16,050.00 0.00 0.00
30-B-3 1,927,000.00 6.00000% 1,927,000.00 9,635.00 0.00 0.00
30-B-4 1,766,000.00 6.00000% 1,766,000.00 8,830.00 0.00 0.00
30-B-5 1,444,000.00 6.00000% 1,444,000.00 7,220.00 0.00 0.00
30-B-6 964,206.00 6.00000% 964,206.00 4,821.03 0.00 0.00
Totals 414,139,708.00 2,046,224.87 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 0.00 0.00 727,150.00 0.00 143,697,801.63
1-A-R 0.00 0.00 0.83 0.00 0.00
1-A-LR 0.00 0.00 0.25 0.00 0.00
2-A-1 0.00 0.00 527,475.00 0.00 105,385,589.24
2-A-2 0.00 0.00 5,330.00 0.00 1,064,894.43
CB-IO 0.00 0.00 40,342.51 0.00 7,976,999.45
3-A-1 0.00 0.00 26,140.00 0.00 5,228,000.00
3-A-2 0.00 0.00 194,305.00 0.00 38,806,883.50
3-A-3 0.00 0.00 10,600.00 0.00 2,120,000.00
3-A-4 0.00 0.00 10,600.00 0.00 2,120,000.00
3-IO 0.00 0.00 4,782.16 0.00 955,533.48
4-A-1 0.00 0.00 143,116.67 0.00 34,211,883.84
5-A-1 0.00 0.00 248,897.92 0.00 53,742,851.80
15-IO 0.00 0.00 11,985.21 0.00 2,830,299.61
X-PO 0.00 0.00 0.00 0.00 4,702,119.88
15-PO 0.00 0.00 0.00 0.00 943,712.59
15-B-1 0.00 0.00 10,696.76 0.00 2,411,364.88
15-B-2 0.00 0.00 1,233.22 0.00 278,004.46
15-B-3 0.00 0.00 1,233.22 0.00 278,004.46
15-B-4 0.00 0.00 826.57 0.00 186,332.74
15-B-5 0.00 0.00 411.07 0.00 92,668.15
15-B-6 0.00 0.00 823.03 0.00 185,534.60
30-B-1 0.00 0.00 33,720.00 0.00 6,737,620.91
30-B-2 0.00 0.00 16,050.00 0.00 3,206,963.69
30-B-3 0.00 0.00 9,635.00 0.00 1,925,177.27
30-B-4 0.00 0.00 8,830.00 0.00 1,764,329.56
30-B-5 0.00 0.00 7,220.00 0.00 1,442,634.13
30-B-6 0.00 0.00 4,821.03 0.00 963,293.97
Totals 0.00 0.00 2,046,225.45 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-1 145,430,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
1-A-R 50.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
1-A-LR 50.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
2-A-1 105,495,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
2-A-2 1,066,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
CB-IO 0.00 6.00000% 1000.00004462 5.00000062 0.00000000 0.00000000
3-A-1 5,228,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-2 38,861,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-3 2,120,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-4 2,120,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-IO 0.00 6.00000% 1000.00015683 5.00000523 0.00000000 0.00000000
4-A-1 34,348,000.00 5.00000% 1000.00000000 4.16666676 0.00000000 0.00000000
5-A-1 54,305,000.00 5.50000% 1000.00000000 4.58333339 0.00000000 0.00000000
15-IO 0.00 5.00000% 1000.00030593 4.16666869 0.00000000 0.00000000
X-PO 4,719,787.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
15-PO 947,416.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
15-B-1 2,420,000.00 5.30418% 1000.00000000 4.42014876 0.00000000 0.00000000
15-B-2 279,000.00 5.30418% 1000.00000000 4.42014337 0.00000000 0.00000000
15-B-3 279,000.00 5.30418% 1000.00000000 4.42014337 0.00000000 0.00000000
15-B-4 187,000.00 5.30418% 1000.00000000 4.42016043 0.00000000 0.00000000
15-B-5 93,000.00 5.30418% 1000.00000000 4.42010753 0.00000000 0.00000000
15-B-6 186,199.00 5.30418% 1000.00000000 4.42016337 0.00000000 0.00000000
30-B-1 6,744,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-2 3,210,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-3 1,927,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-4 1,766,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-5 1,444,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-6 964,206.00 6.00000% 1000.00000000 5.00000000 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 0.00000000 0.00000000 5.00000000 0.00000000 988.08912625
1-A-R 0.00000000 0.00000000 16.60000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 5.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 5.00000000 0.00000000 998.96288203
2-A-2 0.00000000 0.00000000 5.00000000 0.00000000 998.96287992
CB-IO 0.00000000 0.00000000 5.00000062 0.00000000 988.65941146
3-A-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-A-2 0.00000000 0.00000000 5.00000000 0.00000000 998.60743419
3-A-3 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-A-4 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-IO 0.00000000 0.00000000 5.00000523 0.00000000 999.06159462
4-A-1 0.00000000 0.00000000 4.16666676 0.00000000 996.03714452
5-A-1 0.00000000 0.00000000 4.58333339 0.00000000 989.64831599
15-IO 0.00000000 0.00000000 4.16666869 0.00000000 983.95612437
X-PO 0.00000000 0.00000000 0.00000000 0.00000000 996.25679718
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 996.09104132
15-B-1 0.00000000 0.00000000 4.42014876 0.00000000 996.43176860
15-B-2 0.00000000 0.00000000 4.42014337 0.00000000 996.43175627
15-B-3 0.00000000 0.00000000 4.42014337 0.00000000 996.43175627
15-B-4 0.00000000 0.00000000 4.42016043 0.00000000 996.43176471
15-B-5 0.00000000 0.00000000 4.42010753 0.00000000 996.43172043
15-B-6 0.00000000 0.00000000 4.42016337 0.00000000 996.43177461
30-B-1 0.00000000 0.00000000 5.00000000 0.00000000 999.05410884
30-B-2 0.00000000 0.00000000 5.00000000 0.00000000 999.05410903
30-B-3 0.00000000 0.00000000 5.00000000 0.00000000 999.05411002
30-B-4 0.00000000 0.00000000 5.00000000 0.00000000 999.05411099
30-B-5 0.00000000 0.00000000 5.00000000 0.00000000 999.05410665
30-B-6 0.00000000 0.00000000 5.00000000 0.00000000 999.05411292
<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 6.00000% 4,872,703.63 4,784,247.66 0.00 0.00 98.18466687%
2-IO 6.00000% 3,195,797.72 3,192,751.79 0.00 0.00 99.90469515%
3-IO-1 6.00000% 956,431.15 955,533.48 0.00 0.00 99.90615946%
15-IO-1 5.00000% 803,505.75 800,413.67 0.00 0.00 99.61526935%
15-IO-2 5.00000% 2,072,944.12 2,029,885.94 0.00 0.00 97.92285465%
X-PO-1 0.00000% 0.00 0.00 2,108,136.00 2,093,607.10 99.31081771%
X-PO-2 0.00000% 0.00 0.00 1,254,580.00 1,253,145.75 99.88567887%
X-PO-3 0.00000% 0.00 0.00 1,337,071.00 1,335,444.20 99.87833107%
X-PO-4 0.00000% 0.00 0.00 10,000.00 9,960.50 99.60500000%
X-PO-5 0.00000% 0.00 0.00 10,000.00 9,962.34 99.62340000%
15-PO-4 0.00000% 0.00 0.00 736,801.00 733,890.85 99.60502904%
15-PO-5 0.00000% 0.00 0.00 210,615.00 209,821.74 99.62336016%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,778,444.95
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 4,778,444.95
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 88,177.23
Payment of Interest and Principal 4,690,267.72
Total Withdrawals (Pool Distribution Amount) 4,778,444.95
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 86,279.08
Trustee Fee - Wells Fargo Bank, N.A. 1,898.15
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 88,177.23
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
79,585.41 0.00 0.00 79,585.41
30 Days 3 0 0 0 3
385,186.00 0.00 0.00 0.00 385,186.00
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 1 0 0 4
385,186.00 79,585.41 0.00 0.00 464,771.41
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 0.034153% 0.000000% 0.000000% 0.034153%
0.019318% 0.000000% 0.000000% 0.019318%
30 Days 0.102459% 0.000000% 0.000000% 0.000000% 0.102459%
0.093499% 0.000000% 0.000000% 0.000000% 0.093499%
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 0.102459% 0.034153% 0.000000% 0.000000% 0.136612%
0.093499% 0.019318% 0.000000% 0.000000% 0.112817%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 - 30 Year Fixed 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 2 0 0 0 2
285,186.00 0.00 0.00 0.00 285,186.00
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 2 0 0 0 2
285,186.00 0.00 0.00 0.00 285,186.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.161031% 0.000000% 0.000000% 0.000000% 0.161031%
0.185594% 0.000000% 0.000000% 0.000000% 0.185594%
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 0.161031% 0.000000% 0.000000% 0.000000% 0.161031%
0.185594% 0.000000% 0.000000% 0.000000% 0.185594%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 - 30 Year Fixed 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>
3 - 30 Year Fixed 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>
4 - 15 Year Fixed 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
79,585.41 0.00 0.00 79,585.41
30 Days 1 0 0 0 1
100,000.00 0.00 0.00 0.00 100,000.00
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 1 0 0 2
100,000.00 79,585.41 0.00 0.00 179,585.41
0-29 Days 0.323625% 0.000000% 0.000000% 0.323625%
0.218584% 0.000000% 0.000000% 0.218584%
30 Days 0.323625% 0.000000% 0.000000% 0.000000% 0.323625%
0.274653% 0.000000% 0.000000% 0.000000% 0.274653%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.323625% 0.323625% 0.000000% 0.000000% 0.647249%
0.274653% 0.218584% 0.000000% 0.000000% 0.493237%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
5 - 15 Year Fixed 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 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.184586%
Weighted Average Net Coupon 5.934586%
Weighted Average Pass-Through Rate 5.929085%
Weighted Average Maturity(Stepdown Calculation ) 286
Beginning Scheduled Collateral Loan Count 2,941
Number Of Loans Paid In Full 13
Ending Scheduled Collateral Loan Count 2,928
Beginning Scheduled Collateral Balance 414,139,708.00
Ending Scheduled Collateral Balance 411,495,665.93
Ending Actual Collateral Balance at 31-Jul-2004 411,970,068.63
Monthly P &I Constant 2,770,884.84
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 636,482.33
Unscheduled Principal 2,007,559.92
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 30 Year Fixed 3 - 30 Year Fixed
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year
Weighted Average Coupon Rate 6.362307 6.358130 6.211816
Weighted Average Net Rate 6.112308 6.108130 5.961816
Weighted Average Maturity 357 358 357
Beginning Loan Count 1,254 722 107
Loans Paid In Full 12 0 0
Ending Loan Count 1,242 722 107
Beginning Scheduled Balance 155,303,587.85 113,490,509.41 52,280,995.77
Ending scheduled Balance 153,549,442.43 113,373,231.98 52,222,711.00
Record Date 07/31/2004 07/31/2004 07/31/2004
Principal And Interest Constant 970,016.69 708,037.71 321,582.17
Scheduled Principal 146,609.05 106,714.88 50,948.90
Unscheduled Principal 1,607,536.37 10,562.55 7,335.87
Scheduled Interest 823,407.64 601,322.83 270,633.27
Servicing Fees 32,354.89 23,643.84 10,891.88
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 711.80 520.17 239.63
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 790,340.95 577,158.82 259,501.76
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.106807 6.102630 5.956316
Group Level Collateral Statement
Group 4 - 15 Year Fixed 5 - 15 Year Fixed Total
Collateral Description Fixed 15 Year Fixed 15 Year Mixed Fixed
Weighted Average Coupon Rate 5.263278 5.917128 6.184586
Weighted Average Net Rate 5.013278 5.667128 5.934586
Weighted Average Maturity 178 178 286
Beginning Loan Count 309 549 2,941
Loans Paid In Full 0 1 13
Ending Loan Count 309 548 2,928
Beginning Scheduled Balance 36,443,691.67 56,620,923.48 414,139,708.18
Ending scheduled Balance 36,299,639.92 56,050,640.60 411,495,665.93
Record Date 07/31/2004 07/31/2004 07/31/2004
Principal And Interest Constant 294,666.99 476,581.28 2,770,884.84
Scheduled Principal 134,822.59 197,386.91 636,482.33
Unscheduled Principal 9,229.16 372,895.97 2,007,559.92
Scheduled Interest 159,844.40 279,194.37 2,134,402.51
Servicing Fees 7,592.45 11,796.02 86,279.08
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 167.03 259.52 1,898.15
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 152,084.92 267,138.83 2,046,225.28
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 5.007778 5.661628 5.929085
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 11.748285%
Subordinate % 5.068918%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.931082%
Group 2 - 30 Year Fixed
CPR 0.111732%
Subordinate % 5.056249%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.943751%
Group 3 - 30 Year Fixed
CPR 0.168414%
Subordinate % 5.132947%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.867053%
Miscellaneous Reporting
Group 4 - 15 Year Fixed
CPR 0.304596%
Subordinate % 3.778732%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.221268%
Group 5 - 15 Year Fixed
CPR 7.648635%
Subordinate % 3.715064%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.284936%
Group