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
ASSET BACKED FUNDING CORPORATION
Asset Backed Certificates, Series 2004-OP2 Trust
(Exact name of registrant as specified in its charter)
54-6601033
New York (governing law of 333-108551-05 54-2147328
Pooling and Servicing Agreement) (Commission 54-2147329
(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 ASSET BACKED FUNDING
CORPORATION, Asset Backed Certificates, Series 2004-OP2 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-OP2 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.
ASSET BACKED FUNDING CORPORATION
Asset Backed Certificates, Series 2004-OP2 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: 9/2/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Certificates, Series 2004-OP2 Trust, relating to the
August 25, 2004 distribution.
EX-99.1
Asset Backed Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 7/31/04
Distribution Date: 8/25/04
ABFC Series: 2004-OP2
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>
A1 04542BFT4 SEQ 1.74000% 272,313,713.59 394,854.88 13,878,046.47
A1A 04542BFU1 SEQ 1.84000% 30,257,364.76 46,394.63 1,542,019.71
A2 04542BFV9 SEQ 1.73000% 50,878,466.17 73,349.79 1,623,953.03
M1 04542BFW7 SUB 2.00000% 26,969,000.00 44,948.33 0.00
M2 04542BFX5 SUB 2.45000% 21,576,000.00 44,051.00 0.00
M3 04542BFY3 SUB 2.65000% 5,394,000.00 11,911.75 0.00
M4 04542BFZ0 SUB 3.00000% 6,130,000.00 15,325.00 0.00
M5 04542BGA4 SUB 3.10000% 4,168,000.00 10,767.34 0.00
M6 04542BGB2 SUB 4.40000% 6,129,000.00 22,473.00 0.00
B 04542BGC0 SUB 4.95000% 4,904,000.00 20,229.00 0.00
CE ABF4OP2CE SEQ 0.00000% 3,187,344.82 1,736,194.74 0.00
R1 ABF04OP2R1 SEQ 0.00000% 0.00 0.00 0.00
R2 ABF04OP2R2 SEQ 0.00000% 0.00 0.00 0.00
P ABF04OP2P SEQ 0.00000% 0.00 260,255.02 0.00
Totals 431,906,889.34 2,680,754.48 17,044,019.21
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A1 0.00 258,435,667.12 14,272,901.35 0.00
A1A 0.00 28,715,345.05 1,588,414.34 0.00
A2 0.00 49,254,513.14 1,697,302.82 0.00
M1 0.00 26,969,000.00 44,948.33 0.00
M2 0.00 21,576,000.00 44,051.00 0.00
M3 0.00 5,394,000.00 11,911.75 0.00
M4 0.00 6,130,000.00 15,325.00 0.00
M5 0.00 4,168,000.00 10,767.34 0.00
M6 0.00 6,129,000.00 22,473.00 0.00
B 0.00 4,904,000.00 20,229.00 0.00
CE 0.00 3,187,344.82 1,736,194.74 0.00
R1 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00
P 0.00 0.00 260,255.02 0.00
Totals 0.00 414,862,870.13 19,724,773.69 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>
A1 317,967,000.00 272,313,713.59 0.00 13,878,046.47 0.00 0.00
A1A 35,330,000.00 30,257,364.76 0.00 1,542,019.71 0.00 0.00
A2 58,606,000.00 50,878,466.17 0.00 1,623,953.03 0.00 0.00
M1 26,969,000.00 26,969,000.00 0.00 0.00 0.00 0.00
M2 21,576,000.00 21,576,000.00 0.00 0.00 0.00 0.00
M3 5,394,000.00 5,394,000.00 0.00 0.00 0.00 0.00
M4 6,130,000.00 6,130,000.00 0.00 0.00 0.00 0.00
M5 4,168,000.00 4,168,000.00 0.00 0.00 0.00 0.00
M6 6,129,000.00 6,129,000.00 0.00 0.00 0.00 0.00
B 4,904,000.00 4,904,000.00 0.00 0.00 0.00 0.00
CE 3,187,742.22 3,187,344.82 0.00 0.00 0.00 0.00
R1 0.00 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 0.00 0.00 0.00 0.00
Totals 490,360,742.22 431,906,889.34 0.00 17,044,019.21 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>
A1 13,878,046.47 258,435,667.12 0.81277512 13,878,046.47
A1A 1,542,019.71 28,715,345.05 0.81277512 1,542,019.71
A2 1,623,953.03 49,254,513.14 0.84043465 1,623,953.03
M1 0.00 26,969,000.00 1.00000000 0.00
M2 0.00 21,576,000.00 1.00000000 0.00
M3 0.00 5,394,000.00 1.00000000 0.00
M4 0.00 6,130,000.00 1.00000000 0.00
M5 0.00 4,168,000.00 1.00000000 0.00
M6 0.00 6,129,000.00 1.00000000 0.00
B 0.00 4,904,000.00 1.00000000 0.00
CE 0.00 3,187,344.82 0.99987533 0.00
R1 0.00 0.00 0.00000000 0.00
R2 0.00 0.00 0.00000000 0.00
P 0.00 0.00 0.00000000 0.00
Totals 17,044,019.21 414,862,870.13 0.84603606 17,044,019.21
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>
A1 317,967,000.00 856.42130658 0.00000000 43.64618489 0.00000000
A1A 35,330,000.00 856.42130654 0.00000000 43.64618483 0.00000000
A2 58,606,000.00 868.14432259 0.00000000 27.70967188 0.00000000
M1 26,969,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M2 21,576,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M3 5,394,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M4 6,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M5 4,168,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M6 6,129,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 4,904,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 3,187,742.22 999.87533496 0.00000000 0.00000000 0.00000000
R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes are per $1000 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>
A1 0.00000000 43.64618489 812.77512170 0.81277512 43.64618489
A1A 0.00000000 43.64618483 812.77512171 0.81277512 43.64618483
A2 0.00000000 27.70967188 840.43465072 0.84043465 27.70967188
M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.87533496 0.99987533 0.00000000
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 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>
A1 317,967,000.00 1.74000% 272,313,713.59 394,854.88 0.00 0.00
A1A 35,330,000.00 1.84000% 30,257,364.76 46,394.63 0.00 0.00
A2 58,606,000.00 1.73000% 50,878,466.17 73,349.79 0.00 0.00
M1 26,969,000.00 2.00000% 26,969,000.00 44,948.33 0.00 0.00
M2 21,576,000.00 2.45000% 21,576,000.00 44,051.00 0.00 0.00
M3 5,394,000.00 2.65000% 5,394,000.00 11,911.75 0.00 0.00
M4 6,130,000.00 3.00000% 6,130,000.00 15,325.00 0.00 0.00
M5 4,168,000.00 3.10000% 4,168,000.00 10,767.33 0.00 0.00
M6 6,129,000.00 4.40000% 6,129,000.00 22,473.00 0.00 0.00
B 4,904,000.00 4.95000% 4,904,000.00 20,229.00 0.00 0.00
CE 3,187,742.22 0.00000% 3,187,344.82 0.00 0.00 0.00
R1 0.00 0.00000% 0.00 0.00 0.00 0.00
R2 0.00 0.00000% 0.00 0.00 0.00 0.00
P 0.00 0.00000% 0.01 0.00 0.00 0.00
Totals 490,360,742.22 684,304.71 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>
A1 0.00 0.00 394,854.88 0.00 258,435,667.12
A1A 0.00 0.00 46,394.63 0.00 28,715,345.05
A2 0.00 0.00 73,349.79 0.00 49,254,513.14
M1 0.00 0.00 44,948.33 0.00 26,969,000.00
M2 0.00 0.00 44,051.00 0.00 21,576,000.00
M3 0.00 0.00 11,911.75 0.00 5,394,000.00
M4 0.00 0.00 15,325.00 0.00 6,130,000.00
M5 0.00 0.00 10,767.34 0.00 4,168,000.00
M6 0.00 0.00 22,473.00 0.00 6,129,000.00
B 0.00 0.00 20,229.00 0.00 4,904,000.00
CE 0.00 0.00 1,736,194.74 0.00 3,187,344.82
R1 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 260,255.02 0.00 0.01
Totals 0.00 0.00 2,680,754.48 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>
A1 317,967,000.00 1.74000% 856.42130658 1.24181088 0.00000000 0.00000000
A1A 35,330,000.00 1.84000% 856.42130654 1.31317945 0.00000000 0.00000000
A2 58,606,000.00 1.73000% 868.14432259 1.25157475 0.00000000 0.00000000
M1 26,969,000.00 2.00000% 1000.00000000 1.66666654 0.00000000 0.00000000
M2 21,576,000.00 2.45000% 1000.00000000 2.04166667 0.00000000 0.00000000
M3 5,394,000.00 2.65000% 1000.00000000 2.20833333 0.00000000 0.00000000
M4 6,130,000.00 3.00000% 1000.00000000 2.50000000 0.00000000 0.00000000
M5 4,168,000.00 3.10000% 1000.00000000 2.58333253 0.00000000 0.00000000
M6 6,129,000.00 4.40000% 1000.00000000 3.66666667 0.00000000 0.00000000
B 4,904,000.00 4.95000% 1000.00000000 4.12500000 0.00000000 0.00000000
CE 3,187,742.22 0.00000% 999.87533496 0.00000000 0.00000000 0.00000000
R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All classes are per $1000 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>
A1 0.00000000 0.00000000 1.24181088 0.00000000 812.77512170
A1A 0.00000000 0.00000000 1.31317945 0.00000000 812.77512171
A2 0.00000000 0.00000000 1.25157475 0.00000000 840.43465072
M1 0.00000000 0.00000000 1.66666654 0.00000000 1000.00000000
M2 0.00000000 0.00000000 2.04166667 0.00000000 1000.00000000
M3 0.00000000 0.00000000 2.20833333 0.00000000 1000.00000000
M4 0.00000000 0.00000000 2.50000000 0.00000000 1000.00000000
M5 0.00000000 0.00000000 2.58333493 0.00000000 1000.00000000
M6 0.00000000 0.00000000 3.66666667 0.00000000 1000.00000000
B 0.00000000 0.00000000 4.12500000 0.00000000 1000.00000000
CE 0.00000000 0.00000000 544.64715782 0.00000000 999.87533496
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 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 19,722,388.82
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 260,255.02
Total Deposits 19,982,643.84
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 257,870.15
Payment of Interest and Principal 19,724,773.69
Total Withdrawals (Pool Distribution Amount) 19,982,643.84
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 107,976.81
Credit Risk Manager Fee 6,298.56
PMI Premium 140,715.42
Trustee Fee 2,879.36
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 257,870.15
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Account 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 6 0 0 6
971,254.99 0.00 0.00 971,254.99
30 Days 30 1 1 0 32
4,551,338.68 58,998.60 103,632.85 0.00 4,713,970.13
60 Days 9 2 3 0 14
1,670,175.56 383,558.08 366,605.60 0.00 2,420,339.24
90 Days 6 0 9 1 16
1,665,870.02 0.00 859,413.00 50,281.32 2,575,564.34
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 45 9 13 1 68
7,887,384.26 1,413,811.67 1,329,651.45 50,281.32 10,681,128.70
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 0.227618% 0.000000% 0.000000% 0.227618%
0.234024% 0.000000% 0.000000% 0.234024%
30 Days 1.138088% 0.037936% 0.037936% 0.000000% 1.213961%
1.096644% 0.014216% 0.024970% 0.000000% 1.135830%
60 Days 0.341426% 0.075873% 0.113809% 0.000000% 0.531108%
0.402428% 0.092418% 0.088333% 0.000000% 0.583180%
90 Days 0.227618% 0.000000% 0.341426% 0.037936% 0.606980%
0.401391% 0.000000% 0.207075% 0.012115% 0.620581%
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 1.707132% 0.341426% 0.493171% 0.037936% 2.579666%
1.900463% 0.340657% 0.320379% 0.012115% 2.573614%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 55,229.07
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.441519%
Weighted Average Net Coupon 7.141519%
Weighted Average Pass-Through Rate 6.725059%
Weighted Average Maturity(Stepdown Calculation ) 350
Beginning Scheduled Collateral Loan Count 2,729
Number Of Loans Paid In Full 93
Ending Scheduled Collateral Loan Count 2,636
Beginning Scheduled Collateral Balance 431,906,889.34
Ending Scheduled Collateral Balance 414,862,870.13
Ending Actual Collateral Balance at 31-Jul-2004 415,024,443.59
Monthly P &I Constant 3,049,246.71
Special Servicing Fee 0.00
Prepayment Penalties 260,255.02
Realized Loss Amount 0.00
Cumulative Realized Loss 5,030.98
Ending Scheduled Balance for Premium Loans 414,862,870.13
Scheduled Principal 370,877.07
Unscheduled Principal 16,673,142.14
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 3,187,344.82
Overcollateralized Amount 3,187,344.82
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 0.00
Excess Cash Amount 1,736,194.74
Miscellaneous Reporting
Group 1 Available Funds 17,508,994.30
Group 2 Available Funds 1,955,524.55
Group Level Collateral Statement
Group Group 1 Group 2 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 7.479336 7.216076 7.441519
Weighted Average Net Rate 7.179336 6.916076 7.141519
Weighted Average Maturity 350 350 350
Beginning Loan Count 2,477 252 2,729
Loans Paid In Full 87 6 93
Ending Loan Count 2,390 246 2,636
Beginning Scheduled Balance 369,864,588.48 62,042,300.86 431,906,889.34
Ending scheduled Balance 354,444,522.30 60,418,347.83 414,862,870.13
Record Date 07/31/2004 07/31/2004 07/31/2004
Principal And Interest Constant 2,621,566.55 427,680.16 3,049,246.71
Scheduled Principal 316,281.87 54,595.20 370,877.07
Unscheduled Principal 15,103,784.31 1,569,357.83 16,673,142.14
Scheduled Interest 2,305,284.68 373,084.96 2,678,369.64
Servicing Fees 92,466.24 15,510.57 107,976.81
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 2,465.73 413.63 2,879.36
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 5,393.78 904.78 6,298.56
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 3 116,030.93 24,684.49 140,715.42
Net Interest 2,088,928.00 331,571.49 2,420,499.49
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 5,030.98 0.00 5,030.98
Percentage of Cumulative Losses 0.0012 0.0000 0.0010
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.777382 6.413137 6.725059