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 MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2004-E Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-33 54-2154030
Pooling and Servicing Agreement) (Commission 54-2154031
(State or other File Number) 54-2154032
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
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2004-E
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-E 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 MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2004-E 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: 8/30/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-E Trust,
relating to the August 25, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 7/31/04
Distribution Date: 8/25/04
BAM Series: 2004-E
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>
1A1 05949AGR5 SEQ 3.55257% 287,736,390.13 851,835.88 8,113,905.79
1AR 05949AGS3 SEQ 3.55861% 0.00 0.00 0.00
1AMR 05949AGT1 SEQ 3.55861% 0.00 0.00 0.00
1ALR 05949AGU8 SEQ 3.55861% 0.00 0.00 0.00
2A1 05949AGV6 SEQ 2.10000% 42,984,292.19 75,222.51 2,190,962.39
2A2 05949AGW4 SEQ 3.98500% 55,000,000.00 182,645.83 0.00
2A3 05949AGX2 SEQ 4.13095% 90,596,000.00 311,873.21 0.00
2A4 05949AGY0 SEQ 4.13095% 69,779,000.00 240,211.49 0.00
2A5 05949AGZ7 SEQ 4.13095% 69,981,000.00 240,906.87 0.00
2A6 05949AHA1 SEQ 4.13095% 188,822,000.00 650,012.39 0.00
2A7 05949AHB9 SEQ 4.13095% 127,913,857.45 440,338.48 1,280,575.49
2A8 05949AHC7 SEQ 4.13095% 198,174,724.15 682,208.78 1,983,973.43
2A9 05949AHD5 SEQ 3.71200% 72,911,866.82 225,540.71 3,716,407.78
2A10 05949AHE3 SEQ 4.13095% 2,814,081.08 9,687.36 28,172.42
2AIO 05949AHF0 IO 0.73655% 0.00 104,894.33 0.00
3A1 05949AHG8 SEQ 4.24558% 217,375,988.77 769,073.08 1,070,259.05
4A1 05949AHH6 SEQ 4.64150% 63,070,697.83 243,952.25 94,029.90
B1 05949AHJ2 SUB 4.05539% 21,738,003.04 73,463.44 15,174.93
B2 05949AHK9 SUB 4.05539% 7,763,287.19 26,235.98 5,419.42
B3 05949AHL7 SUB 4.05539% 4,657,572.87 15,740.24 3,251.37
B4 05949AHN3 SUB 4.05539% 4,657,572.87 15,740.24 3,251.37
B5 05949AHP8 SUB 4.05539% 2,328,786.43 7,870.12 1,625.69
B6 05949AHQ6 SUB 4.05539% 2,329,773.07 7,873.45 1,626.38
SES 05949AHM5 SEQ 0.00000% 0.00 291,244.21 0.00
Totals 1,530,634,893.89 5,466,570.85 18,508,635.41
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 279,622,484.34 8,965,741.67 0.00
1AR 0.00 0.00 0.00 0.00
1AMR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00
2A1 0.00 40,793,329.80 2,266,184.90 0.00
2A2 0.00 55,000,000.00 182,645.83 0.00
2A3 0.00 90,596,000.00 311,873.21 0.00
2A4 0.00 69,779,000.00 240,211.49 0.00
2A5 0.00 69,981,000.00 240,906.87 0.00
2A6 0.00 188,822,000.00 650,012.39 0.00
2A7 0.00 126,633,281.96 1,720,913.97 0.00
2A8 0.00 196,190,750.72 2,666,182.21 0.00
2A9 0.00 69,195,459.04 3,941,948.49 0.00
2A10 0.00 2,785,908.66 37,859.78 0.00
2AIO 0.00 0.00 104,894.33 0.00
3A1 0.00 216,305,729.73 1,839,332.13 0.00
4A1 0.00 62,976,667.93 337,982.15 0.00
B1 0.00 21,722,828.10 88,638.37 0.00
B2 0.00 7,757,867.77 31,655.40 0.00
B3 0.00 4,654,321.49 18,991.61 0.00
B4 0.00 4,654,321.49 18,991.61 0.00
B5 0.00 2,327,160.75 9,495.81 0.00
B6 0.00 2,328,146.70 9,499.83 0.00
SES 0.00 0.00 291,244.21 0.00
Totals 0.00 1,512,126,258.48 23,975,206.26 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>
1A1 297,871,000.00 287,736,390.13 434,636.91 7,679,268.88 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1AMR 25.00 0.00 0.00 0.00 0.00 0.00
1ALR 25.00 0.00 0.00 0.00 0.00 0.00
2A1 45,000,000.00 42,984,292.19 123,748.12 2,067,214.26 0.00 0.00
2A2 55,000,000.00 55,000,000.00 0.00 0.00 0.00 0.00
2A3 90,596,000.00 90,596,000.00 0.00 0.00 0.00 0.00
2A4 69,779,000.00 69,779,000.00 0.00 0.00 0.00 0.00
2A5 69,981,000.00 69,981,000.00 0.00 0.00 0.00 0.00
2A6 188,822,000.00 188,822,000.00 0.00 0.00 0.00 0.00
2A7 129,092,000.00 127,913,857.45 72,328.41 1,208,247.08 0.00 0.00
2A8 200,000,000.00 198,174,724.15 112,057.15 1,871,916.28 0.00 0.00
2A9 76,331,000.00 72,911,866.82 209,907.07 3,506,500.71 0.00 0.00
2A10 2,840,000.00 2,814,081.08 1,591.21 26,581.21 0.00 0.00
2AIO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 222,629,000.00 217,375,988.77 1,047.34 1,069,211.71 0.00 0.00
4A1 63,254,000.00 63,070,697.83 79,912.51 14,117.39 0.00 0.00
B1 21,768,000.00 21,738,003.04 15,174.93 0.00 0.00 0.00
B2 7,774,000.00 7,763,287.19 5,419.42 0.00 0.00 0.00
B3 4,664,000.00 4,657,572.87 3,251.37 0.00 0.00 0.00
B4 4,664,000.00 4,657,572.87 3,251.37 0.00 0.00 0.00
B5 2,332,000.00 2,328,786.43 1,625.69 0.00 0.00 0.00
B6 2,332,988.00 2,329,773.07 1,626.38 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,554,730,088.00 1,530,634,893.89 1,065,577.88 17,443,057.52 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>
1A1 8,113,905.79 279,622,484.34 0.93873685 8,113,905.79
1AR 0.00 0.00 0.00000000 0.00
1AMR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 2,190,962.39 40,793,329.80 0.90651844 2,190,962.39
2A2 0.00 55,000,000.00 1.00000000 0.00
2A3 0.00 90,596,000.00 1.00000000 0.00
2A4 0.00 69,779,000.00 1.00000000 0.00
2A5 0.00 69,981,000.00 1.00000000 0.00
2A6 0.00 188,822,000.00 1.00000000 0.00
2A7 1,280,575.49 126,633,281.96 0.98095375 1,280,575.49
2A8 1,983,973.43 196,190,750.72 0.98095375 1,983,973.43
2A9 3,716,407.78 69,195,459.04 0.90651844 3,716,407.78
2A10 28,172.42 2,785,908.66 0.98095375 28,172.42
2AIO 0.00 0.00 0.00000000 0.00
3A1 1,070,259.05 216,305,729.73 0.97159727 1,070,259.05
4A1 94,029.90 62,976,667.93 0.99561558 94,029.90
B1 15,174.93 21,722,828.10 0.99792485 15,174.93
B2 5,419.42 7,757,867.77 0.99792485 5,419.42
B3 3,251.37 4,654,321.49 0.99792485 3,251.37
B4 3,251.37 4,654,321.49 0.99792485 3,251.37
B5 1,625.69 2,327,160.75 0.99792485 1,625.69
B6 1,626.38 2,328,146.70 0.99792485 1,626.38
SES 0.00 0.00 0.00000000 0.00
Totals 18,508,635.41 1,512,126,258.48 0.97259728 18,508,635.41
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>
1A1 297,871,000.00 965.97651376 1.45914476 25.78051868 0.00000000
1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 45,000,000.00 955.20649311 2.74995822 45.93809467 0.00000000
2A2 55,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A3 90,596,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 69,779,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 69,981,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A6 188,822,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A7 129,092,000.00 990.87362075 0.56028577 9.35958138 0.00000000
2A8 200,000,000.00 990.87362075 0.56028575 9.35958140 0.00000000
2A9 76,331,000.00 955.20649304 2.74995834 45.93809475 0.00000000
2A10 2,840,000.00 990.87361972 0.56028521 9.35958099 0.00000000
2AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 222,629,000.00 976.40464077 0.00470442 4.80266142 0.00000000
4A1 63,254,000.00 997.10212524 1.26335900 0.22318573 0.00000000
B1 21,768,000.00 998.62196986 0.69712100 0.00000000 0.00000000
B2 7,774,000.00 998.62196939 0.69712117 0.00000000 0.00000000
B3 4,664,000.00 998.62197041 0.69712050 0.00000000 0.00000000
B4 4,664,000.00 998.62197041 0.69712050 0.00000000 0.00000000
B5 2,332,000.00 998.62196827 0.69712264 0.00000000 0.00000000
B6 2,332,988.00 998.62196891 0.69712317 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>
1A1 0.00000000 27.23966344 938.73685031 0.93873685 27.23966344
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 48.68805311 906.51844000 0.90651844 48.68805311
2A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A7 0.00000000 9.91986715 980.95375360 0.98095375 9.91986715
2A8 0.00000000 9.91986715 980.95375360 0.98095375 9.91986715
2A9 0.00000000 48.68805308 906.51843995 0.90651844 48.68805308
2A10 0.00000000 9.91986620 980.95375352 0.98095375 9.91986620
2AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 4.80736584 971.59727497 0.97159727 4.80736584
4A1 0.00000000 1.48654472 995.61558052 0.99561558 1.48654472
B1 0.00000000 0.69712100 997.92484840 0.99792485 0.69712100
B2 0.00000000 0.69712117 997.92484821 0.99792485 0.69712117
B3 0.00000000 0.69712050 997.92484777 0.99792485 0.69712050
B4 0.00000000 0.69712050 997.92484777 0.99792485 0.69712050
B5 0.00000000 0.69712264 997.92484991 0.99792485 0.69712264
B6 0.00000000 0.69712317 997.92485002 0.99792485 0.69712317
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>
1A1 297,871,000.00 3.55257% 287,736,390.13 851,835.88 0.00 0.00
1AR 50.00 3.55861% 0.00 0.00 0.00 0.00
1AMR 25.00 3.55861% 0.00 0.00 0.00 0.00
1ALR 25.00 3.55861% 0.00 0.00 0.00 0.00
2A1 45,000,000.00 2.10000% 42,984,292.19 75,222.51 0.00 0.00
2A2 55,000,000.00 3.98500% 55,000,000.00 182,645.83 0.00 0.00
2A3 90,596,000.00 4.13095% 90,596,000.00 311,873.21 0.00 0.00
2A4 69,779,000.00 4.13095% 69,779,000.00 240,211.49 0.00 0.00
2A5 69,981,000.00 4.13095% 69,981,000.00 240,906.87 0.00 0.00
2A6 188,822,000.00 4.13095% 188,822,000.00 650,012.39 0.00 0.00
2A7 129,092,000.00 4.13095% 127,913,857.45 440,338.48 0.00 0.00
2A8 200,000,000.00 4.13095% 198,174,724.15 682,208.78 0.00 0.00
2A9 76,331,000.00 3.71200% 72,911,866.82 225,540.71 0.00 0.00
2A10 2,840,000.00 4.13095% 2,814,081.08 9,687.36 0.00 0.00
2AIO 0.00 0.73655% 170,896,159.01 104,894.33 0.00 0.00
3A1 222,629,000.00 4.24558% 217,375,988.77 769,073.08 0.00 0.00
4A1 63,254,000.00 4.64150% 63,070,697.83 243,952.25 0.00 0.00
B1 21,768,000.00 4.05539% 21,738,003.04 73,463.44 0.00 0.00
B2 7,774,000.00 4.05539% 7,763,287.19 26,235.98 0.00 0.00
B3 4,664,000.00 4.05539% 4,657,572.87 15,740.24 0.00 0.00
B4 4,664,000.00 4.05539% 4,657,572.87 15,740.24 0.00 0.00
B5 2,332,000.00 4.05539% 2,328,786.43 7,870.12 0.00 0.00
B6 2,332,988.00 4.05539% 2,329,773.07 7,873.45 0.00 0.00
SES 0.00 0.00000% 1,530,634,894.20 0.00 0.00 0.00
Totals 1,554,730,088.00 5,175,326.64 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>
1A1 0.00 0.00 851,835.88 0.00 279,622,484.34
1AR 0.00 0.00 0.00 0.00 0.00
1AMR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 75,222.51 0.00 40,793,329.80
2A2 0.00 0.00 182,645.83 0.00 55,000,000.00
2A3 0.00 0.00 311,873.21 0.00 90,596,000.00
2A4 0.00 0.00 240,211.49 0.00 69,779,000.00
2A5 0.00 0.00 240,906.87 0.00 69,981,000.00
2A6 0.00 0.00 650,012.39 0.00 188,822,000.00
2A7 0.00 0.00 440,338.48 0.00 126,633,281.96
2A8 0.00 0.00 682,208.78 0.00 196,190,750.72
2A9 0.00 0.00 225,540.71 0.00 69,195,459.04
2A10 0.00 0.00 9,687.36 0.00 2,785,908.66
2AIO 0.00 0.00 104,894.33 0.00 164,988,788.84
3A1 0.00 0.00 769,073.08 0.00 216,305,729.73
4A1 0.00 0.00 243,952.25 0.00 62,976,667.93
B1 0.00 0.00 73,463.44 0.00 21,722,828.10
B2 0.00 0.00 26,235.98 0.00 7,757,867.77
B3 0.00 0.00 15,740.24 0.00 4,654,321.49
B4 0.00 0.00 15,740.24 0.00 4,654,321.49
B5 0.00 0.00 7,870.12 0.00 2,327,160.75
B6 0.00 0.00 7,873.45 0.00 2,328,146.70
SES 0.00 0.00 291,244.21 0.00 1,512,126,258.80
Totals 0.00 0.00 5,466,570.85 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>
1A1 297,871,000.00 3.55257% 965.97651376 2.85974761 0.00000000 0.00000000
1AR 50.00 3.55861% 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 3.55861% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 3.55861% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 45,000,000.00 2.10000% 955.20649311 1.67161133 0.00000000 0.00000000
2A2 55,000,000.00 3.98500% 1000.00000000 3.32083327 0.00000000 0.00000000
2A3 90,596,000.00 4.13095% 1000.00000000 3.44246115 0.00000000 0.00000000
2A4 69,779,000.00 4.13095% 1000.00000000 3.44246106 0.00000000 0.00000000
2A5 69,981,000.00 4.13095% 1000.00000000 3.44246110 0.00000000 0.00000000
2A6 188,822,000.00 4.13095% 1000.00000000 3.44246110 0.00000000 0.00000000
2A7 129,092,000.00 4.13095% 990.87362075 3.41104391 0.00000000 0.00000000
2A8 200,000,000.00 4.13095% 990.87362075 3.41104390 0.00000000 0.00000000
2A9 76,331,000.00 3.71200% 955.20649304 2.95477211 0.00000000 0.00000000
2A10 2,840,000.00 4.13095% 990.87361972 3.41104225 0.00000000 0.00000000
2AIO 0.00 0.73655% 969.17818767 0.59487175 0.00000000 0.00000000
3A1 222,629,000.00 4.24558% 976.40464077 3.45450539 0.00000000 0.00000000
4A1 63,254,000.00 4.64150% 997.10212524 3.85670867 0.00000000 0.00000000
B1 21,768,000.00 4.05539% 998.62196986 3.37483646 0.00000000 0.00000000
B2 7,774,000.00 4.05539% 998.62196939 3.37483663 0.00000000 0.00000000
B3 4,664,000.00 4.05539% 998.62197041 3.37483705 0.00000000 0.00000000
B4 4,664,000.00 4.05539% 998.62197041 3.37483705 0.00000000 0.00000000
B5 2,332,000.00 4.05539% 998.62196827 3.37483705 0.00000000 0.00000000
B6 2,332,988.00 4.05539% 998.62196891 3.37483519 0.00000000 0.00000000
SES 0.00 0.00000% 984.50200823 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>
1A1 0.00000000 0.00000000 2.85974761 0.00000000 938.73685031
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 1.67161133 0.00000000 906.51844000
2A2 0.00000000 0.00000000 3.32083327 0.00000000 1000.00000000
2A3 0.00000000 0.00000000 3.44246115 0.00000000 1000.00000000
2A4 0.00000000 0.00000000 3.44246106 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 3.44246110 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 3.44246110 0.00000000 1000.00000000
2A7 0.00000000 0.00000000 3.41104391 0.00000000 980.95375360
2A8 0.00000000 0.00000000 3.41104390 0.00000000 980.95375360
2A9 0.00000000 0.00000000 2.95477211 0.00000000 906.51843995
2A10 0.00000000 0.00000000 3.41104225 0.00000000 980.95375352
2AIO 0.00000000 0.00000000 0.59487175 0.00000000 935.67659028
3A1 0.00000000 0.00000000 3.45450539 0.00000000 971.59727497
4A1 0.00000000 0.00000000 3.85670867 0.00000000 995.61558052
B1 0.00000000 0.00000000 3.37483646 0.00000000 997.92484840
B2 0.00000000 0.00000000 3.37483663 0.00000000 997.92484821
B3 0.00000000 0.00000000 3.37483705 0.00000000 997.92484777
B4 0.00000000 0.00000000 3.37483705 0.00000000 997.92484777
B5 0.00000000 0.00000000 3.37483705 0.00000000 997.92484991
B6 0.00000000 0.00000000 3.37483519 0.00000000 997.92485002
SES 0.00000000 0.00000000 0.18732783 0.00000000 972.59728242
<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>
SES_1 0.00000% 296,292,433.92 288,165,603.90 0.00 0.00 94.03264930%
SES_2 0.00000% 945,663,415.76 936,448,234.42 0.00 0.00 98.14399627%
SES_3 0.00000% 223,789,768.70 222,719,478.75 0.00 0.00 97.23924386%
SES_4 0.00000% 64,889,275.82 64,792,941.73 0.00 0.00 99.56327069%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 24,042,809.30
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 24,042,809.30
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 67,603.04
Payment of Interest and Principal 23,975,206.26
Total Withdrawals (Pool Distribution Amount) 24,042,809.30
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 63,776.45
Trustee Fee - Wells Fargo Bank, N.A. 3,826.59
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 67,603.04
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
434,014.00 0.00 0.00 434,014.00
30 Days 15 0 0 0 15
6,603,102.78 0.00 0.00 0.00 6,603,102.78
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 15 1 0 0 16
6,603,102.78 434,014.00 0.00 0.00 7,037,116.78
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 0.029283% 0.000000% 0.000000% 0.029283%
0.028686% 0.000000% 0.000000% 0.028686%
30 Days 0.439239% 0.000000% 0.000000% 0.000000% 0.439239%
0.436431% 0.000000% 0.000000% 0.000000% 0.436431%
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 0.439239% 0.029283% 0.000000% 0.000000% 0.468521%
0.436431% 0.028686% 0.000000% 0.000000% 0.465117%
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 4 0 0 0 4
2,111,929.71 0.00 0.00 0.00 2,111,929.71
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 4 0 0 0 4
2,111,929.71 0.00 0.00 0.00 2,111,929.71
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.742115% 0.000000% 0.000000% 0.000000% 0.742115%
0.731990% 0.000000% 0.000000% 0.000000% 0.731990%
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 0.742115% 0.000000% 0.000000% 0.000000% 0.742115%
0.731990% 0.000000% 0.000000% 0.000000% 0.731990%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 1 0 0 1
434,014.00 0.00 0.00 434,014.00
30 Days 6 0 0 0 6
3,297,934.57 0.00 0.00 0.00 3,297,934.57
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 6 1 0 0 7
3,297,934.57 434,014.00 0.00 0.00 3,731,948.57
0-29 Days 0.058411% 0.000000% 0.000000% 0.058411%
0.046325% 0.000000% 0.000000% 0.046325%
30 Days 0.350467% 0.000000% 0.000000% 0.000000% 0.350467%
0.352010% 0.000000% 0.000000% 0.000000% 0.352010%
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 0.350467% 0.058411% 0.000000% 0.000000% 0.408879%
0.352010% 0.046325% 0.000000% 0.000000% 0.398335%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 5 0 0 0 5
1,193,238.50 0.00 0.00 0.00 1,193,238.50
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 5 0 0 0 5
1,193,238.50 0.00 0.00 0.00 1,193,238.50
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.479386% 0.000000% 0.000000% 0.000000% 0.479386%
0.535755% 0.000000% 0.000000% 0.000000% 0.535755%
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 0.479386% 0.000000% 0.000000% 0.000000% 0.479386%
0.535755% 0.000000% 0.000000% 0.000000% 0.535755%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 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 24,905.23
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.334593%
Weighted Average Net Coupon 4.060396%
Weighted Average Pass-Through Rate 4.057395%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 3,445
Number Of Loans Paid In Full 30
Ending Scheduled Collateral Loan Count 3,415
Beginning Scheduled Collateral Balance 1,530,634,894.20
Ending Scheduled Collateral Balance 1,512,126,258.80
Ending Actual Collateral Balance at 31-Jul-2004 1,512,978,855.22
Monthly P &I Constant 6,594,477.16
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 1,512,126,258.80
Scheduled Principal 1,065,577.87
Unscheduled Principal 17,443,057.53
Miscellaneous Reporting
Total senior percentage 97.159676%
Aggregate subordinate percentage 2.840324%
Group Level Collateral Statement
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 5 Year LIBOR Arm
Weighted Average Coupon Rate 3.930568 4.383953 4.498582
Weighted Average Net Rate 3.555568 4.133953 4.248581
Weighted Average Maturity 356 355 356
Beginning Loan Count 551 1,725 1,048
Loans Paid In Full 12 13 5
Ending Loan Count 539 1,712 1,043
Beginning Scheduled Balance 296,292,433.92 945,663,415.76 223,789,768.70
Ending scheduled Balance 288,165,603.90 936,448,234.42 222,719,478.75
Record Date 07/31/2004 07/31/2004 07/31/2004
Principal And Interest Constant 1,418,059.08 3,989,508.68 840,025.52
Scheduled Principal 447,561.14 534,721.79 1,078.24
Unscheduled Principal 7,679,268.88 8,680,459.55 1,069,211.71
Scheduled Interest 970,497.94 3,454,786.89 838,947.28
Servicing Fees 61,727.60 197,013.20 46,622.88
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 740.73 2,364.16 559.48
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 30,863.79 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 877,165.82 3,255,409.53 791,764.92
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 3.552568 4.130952 4.245579
Group Level Collateral Statement
Group 4 Total
Collateral Description 7 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 4.894501 4.334593
Weighted Average Net Rate 4.644500 4.060396
Weighted Average Maturity 355 355
Beginning Loan Count 121 3,445
Loans Paid In Full 0 30
Ending Loan Count 121 3,415
Beginning Scheduled Balance 64,889,275.82 1,530,634,894.20
Ending scheduled Balance 64,792,941.73 1,512,126,258.80
Record Date 07/31/2004 07/31/2004
Principal And Interest Constant 346,883.88 6,594,477.16
Scheduled Principal 82,216.70 1,065,577.87
Unscheduled Principal 14,117.39 17,443,057.53
Scheduled Interest 264,667.18 5,528,899.29
Servicing Fees 13,518.60 318,882.28
Master Servicing Fees 0.00 0.00
Trustee Fee 162.22 3,826.59
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 30,863.79
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 250,986.36 5,175,326.63
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 4.641500 4.057395
Miscellaneous Reporting
Group 1
CPR 27.064808%
Subordinate percentage 2.887702%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.112298%
Group 2
CPR 10.481268%
Subordinate percentage 2.821997%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.178003%
Group 3
CPR 5.585043%
Subordinate percentage 2.865984%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.134016%
Miscellaneous Reporting
Group 4
CPR 0.261092%
Subordinate percentage 2.802586%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.197414%