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 2004-5 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)
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 2004-5
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 2004-5 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 2004-5 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: 8/27/04
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 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: 2004-5
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% 175,284,666.78 873,823.31 1,797,157.81
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% 94,638,314.98 471,787.79 428,663.97
CB-IO 05948KRF8 SEN 0.26172% 0.00 2,008.14 0.00
3-A-1 05948KRG6 SEN 5.75000% 45,224,138.19 216,056.13 791,459.68
3-A-2 05948KRH4 SEN 6.00000% 7,225,833.00 36,021.98 0.00
3-A-3 05948KRJ0 SEN 0.00000% 314,167.00 0.00 0.00
3-IO 05948KRK7 SEN 0.33190% 0.00 2,859.28 0.00
4-A-1 05948KRL5 SEN 5.00000% 93,977,003.90 391,570.96 734,276.51
4-A-2 05948KRM3 SEN 5.00000% 16,985,000.00 70,770.85 0.00
4-IO 05948KRN1 SEN 0.24318% 0.00 12,519.14 0.00
PO 05948KRP6 SEN 0.00000% 21,213,858.00 0.00 121,759.90
4-B-1 05948KRU5 SUB 5.00000% 1,513,732.30 6,307.22 5,678.74
4-B-2 05948KRV3 SUB 5.00000% 233,263.67 971.93 875.08
4-B-3 05948KRW1 SUB 5.00000% 349,399.19 1,455.83 1,310.76
4-B-4 05948KSB6 SUB 5.00000% 174,699.60 727.92 655.38
4-B-5 05948KSC4 SUB 5.00000% 174,699.60 727.92 655.38
4-B-6 05948KSD2 SUB 5.00000% 116,705.29 486.27 437.82
30-B-1 05948KRR2 SUB 5.75000% 6,849,894.85 32,725.04 7,121.35
30-B-2 05948KRS0 SUB 5.75000% 3,244,319.37 15,499.58 3,372.89
30-B-3 05948KRT8 SUB 5.75000% 1,802,288.77 8,610.35 1,873.71
30-B-4 05948KRY7 SUB 5.75000% 1,802,288.77 8,610.35 1,873.71
30-B-5 05948KRZ4 SUB 5.75000% 1,262,400.49 6,031.06 1,312.43
30-B-6 05948KSA8 SUB 5.75000% 1,442,079.52 6,889.47 1,499.22
30-B-IO 05948KRQ4 SUB 0.25000% 0.00 2,867.51 0.00
SES 05948KRX9 SEN 0.00000% 0.00 81,629.28 0.00
Totals 473,828,753.27 2,250,957.31 3,899,984.34
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 173,487,508.97 2,670,981.12 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 94,209,651.01 900,451.76 0.00
CB-IO 0.00 0.00 2,008.14 0.00
3-A-1 0.00 44,432,678.51 1,007,515.81 0.00
3-A-2 0.00 7,225,833.00 36,021.98 0.00
3-A-3 0.00 314,167.00 0.00 0.00
3-IO 0.00 0.00 2,859.28 0.00
4-A-1 0.00 93,242,727.39 1,125,847.47 0.00
4-A-2 0.00 16,985,000.00 70,770.85 0.00
4-IO 0.00 0.00 12,519.14 0.00
PO 0.00 21,092,098.10 121,759.90 0.00
4-B-1 0.00 1,508,053.57 11,985.96 0.00
4-B-2 0.00 232,388.58 1,847.01 0.00
4-B-3 0.00 348,088.43 2,766.59 0.00
4-B-4 0.00 174,044.21 1,383.30 0.00
4-B-5 0.00 174,044.21 1,383.30 0.00
4-B-6 0.00 116,267.47 924.09 0.00
30-B-1 0.00 6,842,773.50 39,846.39 0.00
30-B-2 0.00 3,240,946.48 18,872.47 0.00
30-B-3 0.00 1,800,415.05 10,484.06 0.00
30-B-4 0.00 1,800,415.05 10,484.06 0.00
30-B-5 0.00 1,261,088.06 7,343.49 0.00
30-B-6 0.00 1,440,580.30 8,388.69 0.00
30-B-IO 0.00 0.00 2,867.51 0.00
SES 0.00 0.00 81,629.28 0.00
Totals 0.00 469,928,768.89 6,150,941.65 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-1 177,163,000.00 175,284,666.78 183,614.82 1,613,542.99 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 94,638,314.98 97,326.54 331,337.43 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 45,224,138.19 54,506.14 736,953.54 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 93,977,003.90 416,271.71 318,004.80 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 21,213,858.00 29,159.38 92,600.53 0.00 0.00
4-B-1 1,525,000.00 1,513,732.30 5,678.74 0.00 0.00 0.00
4-B-2 235,000.00 233,263.67 875.08 0.00 0.00 0.00
4-B-3 352,000.00 349,399.19 1,310.76 0.00 0.00 0.00
4-B-4 176,000.00 174,699.60 655.38 0.00 0.00 0.00
4-B-5 176,000.00 174,699.60 655.38 0.00 0.00 0.00
4-B-6 117,574.00 116,705.29 437.82 0.00 0.00 0.00
30-B-1 6,864,000.00 6,849,894.85 7,121.35 0.00 0.00 0.00
30-B-2 3,251,000.00 3,244,319.37 3,372.89 0.00 0.00 0.00
30-B-3 1,806,000.00 1,802,288.77 1,873.71 0.00 0.00 0.00
30-B-4 1,806,000.00 1,802,288.77 1,873.71 0.00 0.00 0.00
30-B-5 1,265,000.00 1,262,400.49 1,312.43 0.00 0.00 0.00
30-B-6 1,445,049.00 1,442,079.52 1,499.22 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 478,549,015.00 473,828,753.27 807,545.06 3,092,439.29 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 1,797,157.81 173,487,508.97 0.97925362 1,797,157.81
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 428,663.97 94,209,651.01 0.98894273 428,663.97
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 791,459.68 44,432,678.51 0.97067566 791,459.68
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-1 734,276.51 93,242,727.39 0.97694674 734,276.51
4-A-2 0.00 16,985,000.00 1.00000000 0.00
4-IO 0.00 0.00 0.00000000 0.00
PO 121,759.90 21,092,098.10 0.98739805 121,759.90
4-B-1 5,678.74 1,508,053.57 0.98888759 5,678.74
4-B-2 875.08 232,388.58 0.98888757 875.08
4-B-3 1,310.76 348,088.43 0.98888759 1,310.76
4-B-4 655.38 174,044.21 0.98888756 655.38
4-B-5 655.38 174,044.21 0.98888756 655.38
4-B-6 437.82 116,267.47 0.98888759 437.82
30-B-1 7,121.35 6,842,773.50 0.99690756 7,121.35
30-B-2 3,372.89 3,240,946.48 0.99690756 3,372.89
30-B-3 1,873.71 1,800,415.05 0.99690756 1,873.71
30-B-4 1,873.71 1,800,415.05 0.99690756 1,873.71
30-B-5 1,312.43 1,261,088.06 0.99690756 1,312.43
30-B-6 1,499.22 1,440,580.30 0.99690758 1,499.22
30-B-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 3,899,984.34 469,928,768.89 0.98198670 3,899,984.34
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-1 177,163,000.00 989.39771160 1.03641742 9.10767480 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 95,263,000.00 993.44252207 1.02166151 3.47813348 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 45,775,000.00 987.96588072 1.19074036 16.09947657 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 95,443,000.00 984.64008780 4.36146925 3.33188186 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 21,361,292.00 993.09807665 1.36505695 4.33496860 0.00000000
4-B-1 1,525,000.00 992.61134426 3.72376393 0.00000000 0.00000000
4-B-2 235,000.00 992.61136170 3.72374468 0.00000000 0.00000000
4-B-3 352,000.00 992.61133523 3.72375000 0.00000000 0.00000000
4-B-4 176,000.00 992.61136364 3.72375000 0.00000000 0.00000000
4-B-5 176,000.00 992.61136364 3.72375000 0.00000000 0.00000000
4-B-6 117,574.00 992.61137666 3.72378247 0.00000000 0.00000000
30-B-1 6,864,000.00 997.94505390 1.03749272 0.00000000 0.00000000
30-B-2 3,251,000.00 997.94505383 1.03749308 0.00000000 0.00000000
30-B-3 1,806,000.00 997.94505537 1.03749169 0.00000000 0.00000000
30-B-4 1,806,000.00 997.94505537 1.03749169 0.00000000 0.00000000
30-B-5 1,265,000.00 997.94505138 1.03749407 0.00000000 0.00000000
30-B-6 1,445,049.00 997.94506622 1.03748731 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 10.14409222 979.25361938 0.97925362 10.14409222
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 4.49979499 988.94272708 0.98894273 4.49979499
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 17.29021693 970.67566379 0.97067566 17.29021693
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 7.69335111 976.94673669 0.97694674 7.69335111
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 5.70002507 987.39805158 0.98739805 5.70002507
4-B-1 0.00000000 3.72376393 988.88758689 0.98888759 3.72376393
4-B-2 0.00000000 3.72374468 988.88757447 0.98888757 3.72374468
4-B-3 0.00000000 3.72375000 988.88758523 0.98888759 3.72375000
4-B-4 0.00000000 3.72375000 988.88755682 0.98888756 3.72375000
4-B-5 0.00000000 3.72375000 988.88755682 0.98888756 3.72375000
4-B-6 0.00000000 3.72378247 988.88759420 0.98888759 3.72378247
30-B-1 0.00000000 1.03749272 996.90756119 0.99690756 1.03749272
30-B-2 0.00000000 1.03749308 996.90756075 0.99690756 1.03749308
30-B-3 0.00000000 1.03749169 996.90755814 0.99690756 1.03749169
30-B-4 0.00000000 1.03749169 996.90755814 0.99690756 1.03749169
30-B-5 0.00000000 1.03749407 996.90755731 0.99690756 1.03749407
30-B-6 0.00000000 1.03748731 996.90757891 0.99690758 1.03748731
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% 175,284,666.78 876,423.33 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% 94,638,314.98 473,191.57 0.00 0.00
CB-IO 0.00 0.26172% 9,234,953.84 2,014.12 0.00 0.00
3-A-1 45,775,000.00 5.75000% 45,224,138.19 216,699.00 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 0.33190% 10,368,514.00 2,867.79 0.00 0.00
4-A-1 95,443,000.00 5.00000% 93,977,003.90 391,570.85 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 0.24318% 61,777,746.27 12,519.14 0.00 0.00
PO 21,361,292.00 0.00000% 21,213,858.00 0.00 0.00 0.00
4-B-1 1,525,000.00 5.00000% 1,513,732.30 6,307.22 0.00 0.00
4-B-2 235,000.00 5.00000% 233,263.67 971.93 0.00 0.00
4-B-3 352,000.00 5.00000% 349,399.19 1,455.83 0.00 0.00
4-B-4 176,000.00 5.00000% 174,699.60 727.91 0.00 0.00
4-B-5 176,000.00 5.00000% 174,699.60 727.91 0.00 0.00
4-B-6 117,574.00 5.00000% 116,705.29 486.27 0.00 0.00
30-B-1 6,864,000.00 5.75000% 6,849,894.85 32,822.41 0.00 0.00
30-B-2 3,251,000.00 5.75000% 3,244,319.37 15,545.70 0.00 0.00
30-B-3 1,806,000.00 5.75000% 1,802,288.77 8,635.97 0.00 0.00
30-B-4 1,806,000.00 5.75000% 1,802,288.77 8,635.97 0.00 0.00
30-B-5 1,265,000.00 5.75000% 1,262,400.49 6,049.00 0.00 0.00
30-B-6 1,445,049.00 5.75000% 1,442,079.52 6,909.96 0.00 0.00
30-B-IO 0.00 0.25000% 13,804,996.05 2,876.04 0.00 0.00
SES 0.00 0.00000% 473,828,753.51 0.00 0.00 0.00
Totals 478,549,015.00 2,174,337.92 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 2,600.02 0.00 873,823.31 0.00 173,487,508.97
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 1,403.78 0.00 471,787.79 0.00 94,209,651.01
CB-IO 5.98 0.00 2,008.14 0.00 8,965,380.38
3-A-1 642.87 0.00 216,056.13 0.00 44,432,678.51
3-A-2 107.18 0.00 36,021.98 0.00 7,225,833.00
3-A-3 0.00 0.00 0.00 0.00 314,167.00
3-IO 8.51 0.00 2,859.28 0.00 10,357,732.19
4-A-1 (0.11) 0.00 391,570.96 0.00 93,242,727.39
4-A-2 (0.02) 0.00 70,770.85 0.00 16,985,000.00
4-IO 0.00 0.00 12,519.14 0.00 61,338,404.60
PO 0.00 0.00 0.00 0.00 21,092,098.10
4-B-1 0.00 0.00 6,307.22 0.00 1,508,053.57
4-B-2 0.00 0.00 971.93 0.00 232,388.58
4-B-3 0.00 0.00 1,455.83 0.00 348,088.43
4-B-4 0.00 0.00 727.92 0.00 174,044.21
4-B-5 0.00 0.00 727.92 0.00 174,044.21
4-B-6 0.00 0.00 486.27 0.00 116,267.47
30-B-1 97.37 0.00 32,725.04 0.00 6,842,773.50
30-B-2 46.12 0.00 15,499.58 0.00 3,240,946.48
30-B-3 25.62 0.00 8,610.35 0.00 1,800,415.05
30-B-4 25.62 0.00 8,610.35 0.00 1,800,415.05
30-B-5 17.95 0.00 6,031.06 0.00 1,261,088.06
30-B-6 20.50 0.00 6,889.47 0.00 1,440,580.30
30-B-IO 8.53 0.00 2,867.51 0.00 13,790,626.79
SES 0.00 0.00 81,629.28 0.00 469,928,769.15
Totals 5,009.92 0.00 2,250,957.31 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% 989.39771160 4.94698854 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% 993.44252207 4.96721256 0.00000000 0.00000000
CB-IO 0.00 0.26172% 940.89892323 0.20520767 0.00000000 0.00000000
3-A-1 45,775,000.00 5.75000% 987.96588072 4.73400328 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 0.33190% 958.95819832 0.26523480 0.00000000 0.00000000
4-A-1 95,443,000.00 5.00000% 984.64008780 4.10266704 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 0.24318% 986.61584377 0.19993578 0.00000000 0.00000000
PO 21,361,292.00 0.00000% 993.09807665 0.00000000 0.00000000 0.00000000
4-B-1 1,525,000.00 5.00000% 992.61134426 4.13588197 0.00000000 0.00000000
4-B-2 235,000.00 5.00000% 992.61136170 4.13587234 0.00000000 0.00000000
4-B-3 352,000.00 5.00000% 992.61133523 4.13588068 0.00000000 0.00000000
4-B-4 176,000.00 5.00000% 992.61136364 4.13585227 0.00000000 0.00000000
4-B-5 176,000.00 5.00000% 992.61136364 4.13585227 0.00000000 0.00000000
4-B-6 117,574.00 5.00000% 992.61137666 4.13586337 0.00000000 0.00000000
30-B-1 6,864,000.00 5.75000% 997.94505390 4.78181964 0.00000000 0.00000000
30-B-2 3,251,000.00 5.75000% 997.94505383 4.78182098 0.00000000 0.00000000
30-B-3 1,806,000.00 5.75000% 997.94505537 4.78182171 0.00000000 0.00000000
30-B-4 1,806,000.00 5.75000% 997.94505537 4.78182171 0.00000000 0.00000000
30-B-5 1,265,000.00 5.75000% 997.94505138 4.78181818 0.00000000 0.00000000
30-B-6 1,445,049.00 5.75000% 997.94506622 4.78181709 0.00000000 0.00000000
30-B-IO 0.00 0.25000% 997.94236803 0.20790460 0.00000000 0.00000000
SES 0.00 0.00000% 990.13630452 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 0.01467586 0.00000000 4.93231267 0.00000000 979.25361938
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 0.01473584 0.00000000 4.95247672 0.00000000 988.94272708
CB-IO 0.00060927 0.00000000 0.20459840 0.00000000 913.43355820
3-A-1 0.01404413 0.00000000 4.71995915 0.00000000 970.67566379
3-A-2 0.01483289 0.00000000 4.98516642 0.00000000 1000.00000000
3-A-3 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
3-IO 0.00078707 0.00000000 0.26444773 0.00000000 957.96101540
4-A-1 (0.00000115) 0.00000000 4.10266819 0.00000000 976.94673669
4-A-2 (0.00000118) 0.00000000 4.16666765 0.00000000 1000.00000000
4-IO 0.00000000 0.00000000 0.19993578 0.00000000 979.59937783
PO 0.00000000 0.00000000 0.00000000 0.00000000 987.39805158
4-B-1 0.00000000 0.00000000 4.13588197 0.00000000 988.88758689
4-B-2 0.00000000 0.00000000 4.13587234 0.00000000 988.88757447
4-B-3 0.00000000 0.00000000 4.13588068 0.00000000 988.88758523
4-B-4 0.00000000 0.00000000 4.13590909 0.00000000 988.88755682
4-B-5 0.00000000 0.00000000 4.13590909 0.00000000 988.88755682
4-B-6 0.00000000 0.00000000 4.13586337 0.00000000 988.88759420
30-B-1 0.01418561 0.00000000 4.76763403 0.00000000 996.90756119
30-B-2 0.01418640 0.00000000 4.76763457 0.00000000 996.90756075
30-B-3 0.01418605 0.00000000 4.76763566 0.00000000 996.90755814
30-B-4 0.01418605 0.00000000 4.76763566 0.00000000 996.90755814
30-B-5 0.01418972 0.00000000 4.76763636 0.00000000 996.90755731
30-B-6 0.01418637 0.00000000 4.76763764 0.00000000 996.90757891
30-B-IO 0.00061662 0.00000000 0.20728798 0.00000000 996.90363587
SES 0.00000000 0.00000000 0.17057663 0.00000000 981.98670179
<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 0.29788% 4,893,451.19 4,628,157.49 0.00 0.00 89.01641878%
2-IO 0.22096% 4,341,502.65 4,337,222.89 0.00 0.00 93.96439942%
1-PO 0.00000% 0.00 0.00 12,006,623.05 11,930,885.75 98.58261246%
2-PO 0.00000% 0.00 0.00 5,640,714.52 5,622,171.90 99.36571722%
3-PO 0.00000% 0.00 0.00 1,289,889.99 1,279,471.23 98.89479815%
4-PO 0.00000% 0.00 0.00 2,276,630.46 2,259,569.22 97.94243615%
30-B-IO-1 0.25000% 9,003,557.37 8,994,125.94 0.00 0.00 99.68813689%
30-B-IO-2 0.25000% 4,801,438.68 4,796,500.85 0.00 0.00 99.69453923%
1-SES 0.00000% 196,294,847.20 194,412,520.66 0.00 0.00 98.04563536%
2-SES 0.00000% 105,080,468.17 104,628,323.76 0.00 0.00 98.95591616%
3-SES 0.00000% 56,652,304.02 55,847,741.52 0.00 0.00 97.61482058%
4-SES 0.00000% 115,801,134.12 115,040,183.21 0.00 0.00 98.05958520%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 6,172,856.24
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 6,172,856.24
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 21,914.59
Payment of Interest and Principal 6,150,941.65
Total Withdrawals (Pool Distribution Amount) 6,172,856.24
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 5,009.92
SERVICING FEES
<s> <c>
Gross Servicing Fee 19,742.86
Trustee Fee - Wells Fargo Bank, N.A. 2,171.73
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 21,914.59
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
254,994.94 0.00 0.00 254,994.94
30 Days 22 0 0 0 22
2,859,483.12 0.00 0.00 0.00 2,859,483.12
60 Days 1 0 0 0 1
113,646.75 0.00 0.00 0.00 113,646.75
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 23 1 0 0 24
2,973,129.87 254,994.94 0.00 0.00 3,228,124.81
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 0.032123% 0.000000% 0.000000% 0.032123%
0.054188% 0.000000% 0.000000% 0.054188%
30 Days 0.706714% 0.000000% 0.000000% 0.000000% 0.706714%
0.607661% 0.000000% 0.000000% 0.000000% 0.607661%
60 Days 0.032123% 0.000000% 0.000000% 0.000000% 0.032123%
0.024151% 0.000000% 0.000000% 0.000000% 0.024151%
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 0.738837% 0.032123% 0.000000% 0.000000% 0.770960%
0.631812% 0.054188% 0.000000% 0.000000% 0.686000%
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 12 0 0 0 12
1,276,672.83 0.00 0.00 0.00 1,276,672.83
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 12 0 0 0 12
1,276,672.83 0.00 0.00 0.00 1,276,672.83
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.840336% 0.000000% 0.000000% 0.000000% 0.840336%
0.656120% 0.000000% 0.000000% 0.000000% 0.656120%
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 0.840336% 0.000000% 0.000000% 0.000000% 0.840336%
0.656120% 0.000000% 0.000000% 0.000000% 0.656120%
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
254,994.94 0.00 0.00 254,994.94
30 Days 7 0 0 0 7
1,033,382.96 0.00 0.00 0.00 1,033,382.96
60 Days 1 0 0 0 1
113,646.75 0.00 0.00 0.00 113,646.75
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 8 1 0 0 9
1,147,029.71 254,994.94 0.00 0.00 1,402,024.65
0-29 Days 0.149701% 0.000000% 0.000000% 0.149701%
0.243530% 0.000000% 0.000000% 0.243530%
30 Days 1.047904% 0.000000% 0.000000% 0.000000% 1.047904%
0.986921% 0.000000% 0.000000% 0.000000% 0.986921%
60 Days 0.149701% 0.000000% 0.000000% 0.000000% 0.149701%
0.108537% 0.000000% 0.000000% 0.000000% 0.108537%
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 1.197605% 0.149701% 0.000000% 0.000000% 1.347305%
1.095458% 0.243530% 0.000000% 0.000000% 1.338988%
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 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%
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 3 0 0 0 3
549,427.33 0.00 0.00 0.00 549,427.33
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 3 0 0 0 3
549,427.33 0.00 0.00 0.00 549,427.33
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.331126% 0.000000% 0.000000% 0.000000% 0.331126%
0.476138% 0.000000% 0.000000% 0.000000% 0.476138%
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 0.331126% 0.000000% 0.000000% 0.000000% 0.331126%
0.476138% 0.000000% 0.000000% 0.000000% 0.476138%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 19,107.88
COLLATERAL STATEMENT
Collateral Description Fixed
Weighted Average Gross Coupon 5.762142%
Weighted Average Net Coupon 5.512142%
Weighted Average Pass-Through Rate 5.506642%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 3,131
Number Of Loans Paid In Full 18
Ending Scheduled Collateral Loan Count 3,113
Beginning Scheduled Collateral Balance 473,828,753.51
Ending Scheduled Collateral Balance 469,928,769.15
Ending Actual Collateral Balance at 31-Jul-2004 470,571,864.40
Monthly P &I Constant 3,082,769.02
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 469,928,769.15
Scheduled Principal 807,545.08
Unscheduled Principal 3,092,439.28
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 15 Year
Weighted Average Coupon Rate 5.895927 5.942550 5.935326
Weighted Average Net Rate 5.645927 5.692550 5.685326
Weighted Average Maturity 356 355 355
Beginning Loan Count 1,440 670 113
Loans Paid In Full 12 2 2
Ending Loan Count 1,428 668 111
Beginning Scheduled Balance 196,294,847.20 105,080,468.17 56,652,304.02
Ending scheduled Balance 194,412,520.66 104,628,323.76 55,847,741.52
Record Date 07/31/2004 07/31/2004 07/31/2004
Principal And Interest Constant 1,170,403.21 628,555.39 338,797.47
Scheduled Principal 205,953.14 108,183.82 58,589.21
Unscheduled Principal 1,676,373.40 343,960.59 745,973.29
Scheduled Interest 964,450.07 520,371.57 280,208.26
Servicing Fees 40,894.75 21,891.76 11,802.56
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 899.67 481.62 259.67
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 922,655.65 497,998.19 268,146.03
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 5.640427 5.687049 5.679826
Group Level Collateral Statement
Group 4 Total
Collateral Description Mixed ARM Fixed
Weighted Average Coupon Rate 5.286933 5.762142
Weighted Average Net Rate 5.036933 5.512142
Weighted Average Maturity 355 355
Beginning Loan Count 908 3,131
Loans Paid In Full 2 18
Ending Loan Count 906 3,113
Beginning Scheduled Balance 115,801,134.12 473,828,753.51
Ending scheduled Balance 115,040,183.21 469,928,769.15
Record Date 07/31/2004 07/31/2004
Principal And Interest Constant 945,012.95 3,082,769.02
Scheduled Principal 434,818.91 807,545.08
Unscheduled Principal 326,132.00 3,092,439.28
Scheduled Interest 510,194.04 2,275,223.94
Servicing Fees 24,125.25 98,714.32
Master Servicing Fees 0.00 0.00
Trustee Fee 530.77 2,171.73
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 485,538.02 2,174,337.89
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 5.031433 5.506642
Miscellaneous Reporting
Group 1
CPR 9.789974%
Subordinate Percenatge 4.885584%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.114416%
Group 2
CPR 3.861923%
Subordinate Percenatge 4.828489%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.171511%
Group 3
CPR 14.719654%
Subordinate Percenatge 4.693211%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.306789%
Miscellaneous Reporting
Group 4
CPR 3.340061%
Subordinate Percenatge 2.257221%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.742779%