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): September 27, 2004
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2003-5 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-03 54-2116906
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
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 September 27, 2004 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-5
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 2003-5 Trust, relating to the
September 27, 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 2003-5 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Master Servicer
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 9/27/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2003-5 Trust,
relating to the September 27, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 8/31/2004
Distribution Date: 9/27/2004
BAA Series: 2003-5
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>
CB-1 05948KCJ6 SEN 5.50000% 182,371,784.82 835,856.97 4,155,321.42
CB-R 05948KCL1 SEN 5.50000% 0.00 0.00 0.00
CB-WIO 05948KCK3 SEN 0.39215% 0.00 55,704.96 0.00
NC-1 05948KCM9 SEN 5.50000% 20,137,930.58 92,297.33 427,386.54
NC-2 05948KCN7 SEN 5.50000% 2,772,000.00 12,704.79 0.00
NC-3 05948KCP2 SEN 5.50000% 961,425.00 4,406.46 0.00
NC-WIO 05948KCQ0 SEN 0.40483% 0.00 8,522.77 0.00
2-A-1 05948KCR8 SEN 5.00000% 150,543,661.34 627,265.24 3,019,683.50
2-A-WIO 05948KCS6 SEN 0.42306% 0.00 44,043.42 0.00
A-PO 05948KCT4 SEN 0.00000% 1,651,960.79 0.00 12,800.70
1-B-1 05948KCU1 SUB 5.50000% 5,762,434.17 26,410.72 6,595.21
1-B-2 05948KCV9 SUB 5.50000% 2,679,285.63 12,279.86 3,066.49
1-B-3 05948KCW7 SUB 5.50000% 1,340,627.85 6,144.44 1,534.37
1-B-4 05948KDB2 SUB 5.50000% 1,339,642.82 6,139.93 1,533.25
1-B-5 05948KDC0 SUB 5.50000% 938,735.00 4,302.46 1,074.40
1-B-6 05948KDD8 SUB 5.50000% 1,072,091.52 4,913.67 1,226.99
2-B-1 05948KCX5 SUB 5.00000% 1,582,790.34 6,594.96 6,759.14
2-B-2 05948KCY3 SUB 5.00000% 614,951.42 2,562.30 2,626.09
2-B-3 05948KCZ0 SUB 5.00000% 615,897.50 2,566.24 2,630.13
2-B-4 05948KDE6 SUB 5.00000% 351,941.43 1,466.42 1,502.93
2-B-5 05948KDF3 SUB 5.00000% 175,970.71 733.21 751.46
2-B-6 05948KDG1 SUB 5.00000% 263,853.89 1,099.39 1,126.76
1-SES 05948KDA4 SEN 0.00000% 0.00 67,758.47 0.00
Totals 375,176,984.81 1,823,774.01 7,645,619.38
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
CB-1 0.00 178,216,463.39 4,991,178.39 0.00
CB-R 0.00 0.00 0.00 0.00
CB-WIO 0.00 0.00 55,704.96 0.00
NC-1 0.00 19,710,544.04 519,683.87 0.00
NC-2 0.00 2,772,000.00 12,704.79 0.00
NC-3 0.00 961,425.00 4,406.46 0.00
NC-WIO 0.00 0.00 8,522.77 0.00
2-A-1 0.00 147,523,977.83 3,646,948.74 0.00
2-A-WIO 0.00 0.00 44,043.42 0.00
A-PO 0.00 1,639,160.08 12,800.70 0.00
1-B-1 0.00 5,755,838.96 33,005.93 0.00
1-B-2 0.00 2,676,219.14 15,346.35 0.00
1-B-3 0.00 1,339,093.48 7,678.81 0.00
1-B-4 0.00 1,338,109.57 7,673.18 0.00
1-B-5 0.00 937,660.60 5,376.86 0.00
1-B-6 0.00 1,070,864.53 6,140.66 0.00
2-B-1 0.00 1,576,031.20 13,354.10 0.00
2-B-2 0.00 612,325.33 5,188.39 0.00
2-B-3 0.00 613,267.37 5,196.37 0.00
2-B-4 0.00 350,438.50 2,969.35 0.00
2-B-5 0.00 175,219.25 1,484.67 0.00
2-B-6 0.00 262,727.13 2,226.15 0.00
1-SES 0.00 0.00 67,758.47 0.00
Totals 0.00 367,531,365.40 9,469,393.39 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>
CB-1 224,006,000.00 182,371,784.82 211,358.80 3,943,962.62 0.00 0.00
CB-R 100.00 0.00 0.00 0.00 0.00 0.00
CB-WIO 0.00 0.00 0.00 0.00 0.00 0.00
NC-1 30,400,575.00 20,137,930.58 25,058.15 402,328.40 0.00 0.00
NC-2 2,772,000.00 2,772,000.00 0.00 0.00 0.00 0.00
NC-3 961,425.00 961,425.00 0.00 0.00 0.00 0.00
NC-WIO 0.00 0.00 0.00 0.00 0.00 0.00
2-A-1 180,719,000.00 150,543,661.34 642,881.11 2,376,802.40 0.00 0.00
2-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00
A-PO 1,962,080.55 1,651,960.79 6,594.23 6,206.47 0.00 0.00
1-B-1 5,850,000.00 5,762,434.17 6,595.21 0.00 0.00 0.00
1-B-2 2,720,000.00 2,679,285.63 3,066.49 0.00 0.00 0.00
1-B-3 1,361,000.00 1,340,627.85 1,534.37 0.00 0.00 0.00
1-B-4 1,360,000.00 1,339,642.82 1,533.25 0.00 0.00 0.00
1-B-5 953,000.00 938,735.00 1,074.40 0.00 0.00 0.00
1-B-6 1,088,383.00 1,072,091.52 1,226.99 0.00 0.00 0.00
2-B-1 1,673,000.00 1,582,790.34 6,759.14 0.00 0.00 0.00
2-B-2 650,000.00 614,951.42 2,626.09 0.00 0.00 0.00
2-B-3 651,000.00 615,897.50 2,630.13 0.00 0.00 0.00
2-B-4 372,000.00 351,941.43 1,502.93 0.00 0.00 0.00
2-B-5 186,000.00 175,970.71 751.46 0.00 0.00 0.00
2-B-6 278,892.00 263,853.89 1,126.76 0.00 0.00 0.00
1-SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 457,964,455.55 375,176,984.81 916,319.51 6,729,299.89 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>
CB-1 4,155,321.42 178,216,463.39 0.79558790 4,155,321.42
CB-R 0.00 0.00 0.00000000 0.00
CB-WIO 0.00 0.00 0.00000000 0.00
NC-1 427,386.54 19,710,544.04 0.64836090 427,386.54
NC-2 0.00 2,772,000.00 1.00000000 0.00
NC-3 0.00 961,425.00 1.00000000 0.00
NC-WIO 0.00 0.00 0.00000000 0.00
2-A-1 3,019,683.50 147,523,977.83 0.81631692 3,019,683.50
2-A-WIO 0.00 0.00 0.00000000 0.00
A-PO 12,800.70 1,639,160.08 0.83541936 12,800.70
1-B-1 6,595.21 5,755,838.96 0.98390410 6,595.21
1-B-2 3,066.49 2,676,219.14 0.98390410 3,066.49
1-B-3 1,534.37 1,339,093.48 0.98390410 1,534.37
1-B-4 1,533.25 1,338,109.57 0.98390410 1,533.25
1-B-5 1,074.40 937,660.60 0.98390409 1,074.40
1-B-6 1,226.99 1,070,864.53 0.98390413 1,226.99
2-B-1 6,759.14 1,576,031.20 0.94203897 6,759.14
2-B-2 2,626.09 612,325.33 0.94203897 2,626.09
2-B-3 2,630.13 613,267.37 0.94203897 2,630.13
2-B-4 1,502.93 350,438.50 0.94203898 1,502.93
2-B-5 751.46 175,219.25 0.94203898 751.46
2-B-6 1,126.76 262,727.13 0.94203896 1,126.76
1-SES 0.00 0.00 0.00000000 0.00
Totals 7,645,619.38 367,531,365.40 0.80253251 7,645,619.38
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>
CB-1 224,006,000.00 814.13794639 0.94354080 17.60650438 0.00000000
CB-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
NC-1 30,400,575.00 662.41939766 0.82426566 13.23423652 0.00000000
NC-2 2,772,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
NC-3 961,425.00 1000.00000000 0.00000000 0.00000000 0.00000000
NC-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 180,719,000.00 833.02619725 3.55735208 13.15192315 0.00000000
2-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 1,962,080.55 841.94341053 3.36083552 3.16320856 0.00000000
1-B-1 5,850,000.00 985.03148205 1.12738632 0.00000000 0.00000000
1-B-2 2,720,000.00 985.03148162 1.12738603 0.00000000 0.00000000
1-B-3 1,361,000.00 985.03148420 1.12738428 0.00000000 0.00000000
1-B-4 1,360,000.00 985.03148529 1.12738971 0.00000000 0.00000000
1-B-5 953,000.00 985.03147954 1.12738720 0.00000000 0.00000000
1-B-6 1,088,383.00 985.03148248 1.12735131 0.00000000 0.00000000
2-B-1 1,673,000.00 946.07910341 4.04013150 0.00000000 0.00000000
2-B-2 650,000.00 946.07910769 4.04013846 0.00000000 0.00000000
2-B-3 651,000.00 946.07910906 4.04013825 0.00000000 0.00000000
2-B-4 372,000.00 946.07911290 4.04013441 0.00000000 0.00000000
2-B-5 186,000.00 946.07908602 4.04010753 0.00000000 0.00000000
2-B-6 278,892.00 946.07909155 4.04013023 0.00000000 0.00000000
1-SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
</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>
CB-1 0.00000000 18.55004518 795.58790117 0.79558790 18.55004518
CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
NC-1 0.00000000 14.05850185 648.36089581 0.64836090 14.05850185
NC-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
NC-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
NC-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 16.70927517 816.31692202 0.81631692 16.70927517
2-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 0.00000000 6.52404408 835.41936135 0.83541936 6.52404408
1-B-1 0.00000000 1.12738632 983.90409573 0.98390410 1.12738632
1-B-2 0.00000000 1.12738603 983.90409559 0.98390410 1.12738603
1-B-3 0.00000000 1.12738428 983.90409993 0.98390410 1.12738428
1-B-4 0.00000000 1.12738971 983.90409559 0.98390410 1.12738971
1-B-5 0.00000000 1.12738720 983.90409234 0.98390409 1.12738720
1-B-6 0.00000000 1.12735131 983.90413117 0.98390413 1.12735131
2-B-1 0.00000000 4.04013150 942.03897191 0.94203897 4.04013150
2-B-2 0.00000000 4.04013846 942.03896923 0.94203897 4.04013846
2-B-3 0.00000000 4.04013825 942.03897081 0.94203897 4.04013825
2-B-4 0.00000000 4.04013441 942.03897849 0.94203898 4.04013441
2-B-5 0.00000000 4.04010753 942.03897849 0.94203898 4.04010753
2-B-6 0.00000000 4.04013023 942.03896132 0.94203896 4.04013023
1-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>
CB-1 224,006,000.00 5.50000% 182,371,784.82 835,870.68 0.00 0.00
CB-R 100.00 5.50000% 0.00 0.00 0.00 0.00
CB-WIO 0.00 0.39215% 170,457,791.77 55,704.96 0.00 0.00
NC-1 30,400,575.00 5.50000% 20,137,930.58 92,298.85 0.00 0.00
NC-2 2,772,000.00 5.50000% 2,772,000.00 12,705.00 0.00 0.00
NC-3 961,425.00 5.50000% 961,425.00 4,406.53 0.00 0.00
NC-WIO 0.00 0.40483% 25,263,401.66 8,522.77 0.00 0.00
2-A-1 180,719,000.00 5.00000% 150,543,661.34 627,265.26 0.00 0.00
2-A-WIO 0.00 0.42306% 124,928,956.79 44,043.42 0.00 0.00
A-PO 1,962,080.55 0.00000% 1,651,960.79 0.00 0.00 0.00
1-B-1 5,850,000.00 5.50000% 5,762,434.17 26,411.16 0.00 0.00
1-B-2 2,720,000.00 5.50000% 2,679,285.63 12,280.06 0.00 0.00
1-B-3 1,361,000.00 5.50000% 1,340,627.85 6,144.54 0.00 0.00
1-B-4 1,360,000.00 5.50000% 1,339,642.82 6,140.03 0.00 0.00
1-B-5 953,000.00 5.50000% 938,735.00 4,302.54 0.00 0.00
1-B-6 1,088,383.00 5.50000% 1,072,091.52 4,913.75 0.00 0.00
2-B-1 1,673,000.00 5.00000% 1,582,790.34 6,594.96 0.00 0.00
2-B-2 650,000.00 5.00000% 614,951.42 2,562.30 0.00 0.00
2-B-3 651,000.00 5.00000% 615,897.50 2,566.24 0.00 0.00
2-B-4 372,000.00 5.00000% 351,941.43 1,466.42 0.00 0.00
2-B-5 186,000.00 5.00000% 175,970.71 733.21 0.00 0.00
2-B-6 278,892.00 5.00000% 263,853.89 1,099.39 0.00 0.00
1-SES 0.00 0.00000% 375,176,985.73 0.00 0.00 0.00
Totals 457,964,455.55 1,756,032.07 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>
CB-1 13.71 0.00 835,856.97 0.00 178,216,463.39
CB-R 0.00 0.00 0.00 0.00 0.00
CB-WIO 0.00 0.00 55,704.96 0.00 166,537,028.88
NC-1 1.51 0.00 92,297.33 0.00 19,710,544.04
NC-2 0.21 0.00 12,704.79 0.00 2,772,000.00
NC-3 0.07 0.00 4,406.46 0.00 961,425.00
NC-WIO 0.00 0.00 8,522.77 0.00 24,898,967.83
2-A-1 0.01 0.00 627,265.24 0.00 147,523,977.83
2-A-WIO 0.00 0.00 44,043.42 0.00 122,117,730.13
A-PO 0.00 0.00 0.00 0.00 1,639,160.08
1-B-1 0.43 0.00 26,410.72 0.00 5,755,838.96
1-B-2 0.20 0.00 12,279.86 0.00 2,676,219.14
1-B-3 0.10 0.00 6,144.44 0.00 1,339,093.48
1-B-4 0.10 0.00 6,139.93 0.00 1,338,109.57
1-B-5 0.07 0.00 4,302.46 0.00 937,660.60
1-B-6 0.08 0.00 4,913.67 0.00 1,070,864.53
2-B-1 0.00 0.00 6,594.96 0.00 1,576,031.20
2-B-2 0.00 0.00 2,562.30 0.00 612,325.33
2-B-3 0.00 0.00 2,566.24 0.00 613,267.37
2-B-4 0.00 0.00 1,466.42 0.00 350,438.50
2-B-5 0.00 0.00 733.21 0.00 175,219.25
2-B-6 0.00 0.00 1,099.39 0.00 262,727.13
1-SES 0.00 0.00 67,758.47 0.00 367,531,366.30
Totals 16.49 0.00 1,823,774.01 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>
CB-1 224,006,000.00 5.50000% 814.13794639 3.73146559 0.00000000 0.00000000
CB-R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
CB-WIO 0.00 0.39215% 814.87833065 0.26629915 0.00000000 0.00000000
NC-1 30,400,575.00 5.50000% 662.41939766 3.03608896 0.00000000 0.00000000
NC-2 2,772,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
NC-3 961,425.00 5.50000% 1000.00000000 4.58333203 0.00000000 0.00000000
NC-WIO 0.00 0.40483% 718.20042582 0.24228950 0.00000000 0.00000000
2-A-1 180,719,000.00 5.00000% 833.02619725 3.47094251 0.00000000 0.00000000
2-A-WIO 0.00 0.42306% 831.18446518 0.29303220 0.00000000 0.00000000
A-PO 1,962,080.55 0.00000% 841.94341053 0.00000000 0.00000000 0.00000000
1-B-1 5,850,000.00 5.50000% 985.03148205 4.51472821 0.00000000 0.00000000
1-B-2 2,720,000.00 5.50000% 985.03148162 4.51472794 0.00000000 0.00000000
1-B-3 1,361,000.00 5.50000% 985.03148420 4.51472447 0.00000000 0.00000000
1-B-4 1,360,000.00 5.50000% 985.03148529 4.51472794 0.00000000 0.00000000
1-B-5 953,000.00 5.50000% 985.03147954 4.51473242 0.00000000 0.00000000
1-B-6 1,088,383.00 5.50000% 985.03148248 4.51472506 0.00000000 0.00000000
2-B-1 1,673,000.00 5.00000% 946.07910341 3.94199641 0.00000000 0.00000000
2-B-2 650,000.00 5.00000% 946.07910769 3.94200000 0.00000000 0.00000000
2-B-3 651,000.00 5.00000% 946.07910906 3.94199693 0.00000000 0.00000000
2-B-4 372,000.00 5.00000% 946.07911290 3.94198925 0.00000000 0.00000000
2-B-5 186,000.00 5.00000% 946.07908602 3.94198925 0.00000000 0.00000000
2-B-6 278,892.00 5.00000% 946.07909155 3.94199188 0.00000000 0.00000000
1-SES 0.00 0.00000% 819.22730206 0.00000000 0.00000000 0.00000000
<FN>
(5) Per $1 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>
CB-1 0.00006120 0.00000000 3.73140438 0.00000000 795.58790117
CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-WIO 0.00000000 0.00000000 0.26629915 0.00000000 796.13501193
NC-1 0.00004967 0.00000000 3.03603896 0.00000000 648.36089581
NC-2 0.00007576 0.00000000 4.58325758 0.00000000 1000.00000000
NC-3 0.00007281 0.00000000 4.58325922 0.00000000 1000.00000000
NC-WIO 0.00000000 0.00000000 0.24228950 0.00000000 707.84012140
2-A-1 0.00000006 0.00000000 3.47094240 0.00000000 816.31692202
2-A-WIO 0.00000000 0.00000000 0.29303220 0.00000000 812.48065153
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 835.41936135
1-B-1 0.00007350 0.00000000 4.51465299 0.00000000 983.90409573
1-B-2 0.00007353 0.00000000 4.51465441 0.00000000 983.90409559
1-B-3 0.00007348 0.00000000 4.51465099 0.00000000 983.90409993
1-B-4 0.00007353 0.00000000 4.51465441 0.00000000 983.90409559
1-B-5 0.00007345 0.00000000 4.51464848 0.00000000 983.90409234
1-B-6 0.00007350 0.00000000 4.51465155 0.00000000 983.90413117
2-B-1 0.00000000 0.00000000 3.94199641 0.00000000 942.03897191
2-B-2 0.00000000 0.00000000 3.94200000 0.00000000 942.03896923
2-B-3 0.00000000 0.00000000 3.94199693 0.00000000 942.03897081
2-B-4 0.00000000 0.00000000 3.94198925 0.00000000 942.03897849
2-B-5 0.00000000 0.00000000 3.94198925 0.00000000 942.03897849
2-B-6 0.00000000 0.00000000 3.94199188 0.00000000 942.03896132
1-SES 0.00000000 0.00000000 0.14795574 0.00000000 802.53251423
<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>
CB-PO 0.00000% 0.00 0.00 480,592.28 478,355.76 80.11321661%
NC-PO 0.00000% 0.00 0.00 436.49 353.95 3.71479368%
2-A-PO 0.00000% 0.00 0.00 1,170,932.02 1,160,450.38 85.61348819%
CB-SES 0.00000% 194,250,628.94 190,079,861.05 0.00 0.00 80.48218154%
NC-SES 0.00000% 25,606,357.34 25,177,067.45 0.00 0.00 70.12567090%
2-SES 0.00000% 155,319,999.45 152,274,437.80 0.00 0.00 81.91847389%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 9,487,214.31
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 9,487,214.31
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 17,820.92
Payment of Interest and Principal 9,469,393.39
Total Withdrawals (Pool Distribution Amount) 9,487,214.31
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 16.49
SERVICING FEES
<s> <c>
Gross Servicing Fee 15,632.37
Wells Fargo Trustee Fee 2,188.55
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 17,820.92
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 12 0 0 0 12
2,479,377.98 0.00 0.00 0.00 2,479,377.98
60 Days 5 1 0 0 6
376,012.07 128,086.43 0.00 0.00 504,098.50
90 Days 2 0 1 0 3
392,790.02 0.00 139,245.81 0.00 532,035.83
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 3 0 3
0.00 0.00 295,067.39 0.00 295,067.39
Totals 19 1 4 0 24
3,248,180.07 128,086.43 434,313.20 0.00 3,810,579.70
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 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.406642% 0.000000% 0.000000% 0.000000% 0.406642%
0.673185% 0.000000% 0.000000% 0.000000% 0.673185%
60 Days 0.169434% 0.033887% 0.000000% 0.000000% 0.203321%
0.102092% 0.034777% 0.000000% 0.000000% 0.136870%
90 Days 0.067774% 0.000000% 0.033887% 0.000000% 0.101660%
0.106648% 0.000000% 0.037807% 0.000000% 0.144455%
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% 0.101660% 0.000000% 0.101660%
0.000000% 0.000000% 0.080115% 0.000000% 0.080115%
Totals 0.643850% 0.033887% 0.135547% 0.000000% 0.813284%
0.881925% 0.034777% 0.117922% 0.000000% 1.034624%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1CB -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 6 0 0 0 6
1,170,206.84 0.00 0.00 0.00 1,170,206.84
60 Days 3 1 0 0 4
283,861.71 128,086.43 0.00 0.00 411,948.14
90 Days 1 0 0 0 1
246,927.71 0.00 0.00 0.00 246,927.71
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 3 0 3
0.00 0.00 295,067.39 0.00 295,067.39
Totals 10 1 3 0 14
1,700,996.26 128,086.43 295,067.39 0.00 2,124,150.08
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.436364% 0.000000% 0.000000% 0.000000% 0.436364%
0.615029% 0.000000% 0.000000% 0.000000% 0.615029%
60 Days 0.218182% 0.072727% 0.000000% 0.000000% 0.290909%
0.149190% 0.067319% 0.000000% 0.000000% 0.216509%
90 Days 0.072727% 0.000000% 0.000000% 0.000000% 0.072727%
0.129779% 0.000000% 0.000000% 0.000000% 0.129779%
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% 0.218182% 0.000000% 0.218182%
0.000000% 0.000000% 0.155079% 0.000000% 0.155079%
Totals 0.727273% 0.072727% 0.218182% 0.000000% 1.018182%
0.893998% 0.067319% 0.155079% 0.000000% 1.116396%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1NC -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
709,731.61 0.00 0.00 0.00 709,731.61
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
709,731.61 0.00 0.00 0.00 709,731.61
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 3.389831% 0.000000% 0.000000% 0.000000% 3.389831%
2.816176% 0.000000% 0.000000% 0.000000% 2.816176%
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 3.389831% 0.000000% 0.000000% 0.000000% 3.389831%
2.816176% 0.000000% 0.000000% 0.000000% 2.816176%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 - 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 4 0 0 0 4
599,439.53 0.00 0.00 0.00 599,439.53
60 Days 2 0 0 0 2
92,150.36 0.00 0.00 0.00 92,150.36
90 Days 1 0 1 0 2
145,862.31 0.00 139,245.81 0.00 285,108.12
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 7 0 1 0 8
837,452.20 0.00 139,245.81 0.00 976,698.01
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.263678% 0.000000% 0.000000% 0.000000% 0.263678%
0.392213% 0.000000% 0.000000% 0.000000% 0.392213%
60 Days 0.131839% 0.000000% 0.000000% 0.000000% 0.131839%
0.060294% 0.000000% 0.000000% 0.000000% 0.060294%
90 Days 0.065920% 0.000000% 0.065920% 0.000000% 0.131839%
0.095438% 0.000000% 0.091108% 0.000000% 0.186546%
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 0.461437% 0.000000% 0.065920% 0.000000% 0.527357%
0.547944% 0.000000% 0.091108% 0.000000% 0.639053%
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 Fixed 30 Year
Weighted Average Gross Coupon 5.873652%
Weighted Average Pass-Through Rate 5.616651%
Weighted Average Maturity(Stepdown Calculation ) 341
Beginning Scheduled Collateral Loan Count 2,992
Number Of Loans Paid In Full 41
Ending Scheduled Collateral Loan Count 2,951
Beginning Scheduled Collateral Balance 375,176,985.73
Ending Scheduled Collateral Balance 367,531,366.30
Ending Actual Collateral Balance at 31-Aug-2004 368,305,698.56
Monthly P &I Constant 2,752,702.15
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 9,270,408.25
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 367,531,366.30
Scheduled Principal 916,319.54
Unscheduled Principal 6,729,299.89
Miscellaneous Reporting
SES Ancillary Income 0.00
SES Distributable Amount for Group CB 35760.38
SES Distributable Amount for Group NC 4532.73
SES Distributable Amount for Group 2 27465.36
Group Level Collateral Statement
Group 1CB -30 Year Fixed 1NC -30 Year Fixed 2 - 15 Year Fixed
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 15 Year
Weighted Average Coupon Rate 6.087516 6.156311 5.559585
Weighted Average Net Rate 5.837516 5.906311 5.309585
Weighted Average Maturity 341 345 162
Beginning Loan Count 1,397 60 1,535
Loans Paid In Full 22 1 18
Ending Loan Count 1,375 59 1,517
Beginning Scheduled Balance 194,250,628.94 25,606,357.34 155,319,999.45
Ending scheduled Balance 190,079,861.05 25,177,067.45 152,274,437.80
Record Date 08/31/2004 08/31/2004 08/31/2004
Principal And Interest Constant 1,211,267.45 158,246.21 1,383,188.49
Scheduled Principal 225,847.66 26,878.96 663,592.92
Unscheduled Principal 3,944,920.23 402,410.93 2,381,968.73
Scheduled Interest 985,419.79 131,367.25 719,595.57
Servicing Fees 40,468.89 5,334.66 32,358.33
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,133.14 149.37 906.04
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 943,817.76 125,883.22 686,331.20
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 5.830516 5.899311 5.302585
Group Level Collateral Statement
Group Total
Collateral Description Fixed 30 Year
Weighted Average Coupon Rate 5.873652
Weighted Average Net Rate 5.623651
Weighted Average Maturity 341
Beginning Loan Count 2,992
Loans Paid In Full 41
Ending Loan Count 2,951
Beginning Scheduled Balance 375,176,985.73
Ending scheduled Balance 367,531,366.30
Record Date 08/31/2004
Principal And Interest Constant 2,752,702.15
Scheduled Principal 916,319.54
Unscheduled Principal 6,729,299.89
Scheduled Interest 1,836,382.61
Servicing Fees 78,161.88
Master Servicing Fees 0.00
Trustee Fee 2,188.55
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 1,756,032.18
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 5.616651
Miscellaneous Reporting
Group 1CB -30 Year Fixed
CPR 16.994078%
Group CB Subordinate Percentage 5.882360%
Group CB Subordinate Prepayment % 0.000000%
Group CB Senior Prepayment % 100.000000%
Group CB Senior Percentage 94.117640%
Group 1NC -30 Year Fixed
Group NC Subordinate Percentage 6.774079%
Group NC Subordinate Prepayment % 0.000000%
Group NC Senior Prepayment % 100.000000%
Group NC Senior Percentage 93.225921%
Group 2 - 15 Year Fixed
Group 2 Subordinate Percentage 2.338909%
Group 2 Subordinate Prepayment % 0.000000%
Group 2 Senior Prepayment % 100.000000%
Group 2 Senior Percentage 97.661091%
Group