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 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 September 27, 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
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 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: 9/29/2004
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 September 27, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 8/31/2004
Distribution Date: 9/27/2004
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 3.55170% 279,622,484.34 827,611.78 4,906,455.77
1AR 05949AGS3 SEQ 3.55820% 0.00 0.00 0.00
1AMR 05949AGT1 SEQ 3.55820% 0.00 0.00 0.00
1ALR 05949AGU8 SEQ 3.55820% 0.00 0.00 0.00
2A1 05949AGV6 SEQ 2.10000% 40,793,329.80 71,388.33 1,913,670.01
2A2 05949AGW4 SEQ 3.98500% 55,000,000.00 182,645.83 0.00
2A3 05949AGX2 SEQ 4.13171% 90,596,000.00 311,929.96 0.00
2A4 05949AGY0 SEQ 4.13171% 69,779,000.00 240,255.21 0.00
2A5 05949AGZ7 SEQ 4.13171% 69,981,000.00 240,950.71 0.00
2A6 05949AHA1 SEQ 4.13171% 188,822,000.00 650,130.68 0.00
2A7 05949AHB9 SEQ 4.13171% 126,633,281.96 436,009.48 1,118,503.42
2A8 05949AHC7 SEQ 4.13171% 196,190,750.72 675,501.93 1,732,877.97
2A9 05949AHD5 SEQ 3.71200% 69,195,459.04 214,044.62 3,246,052.13
2A10 05949AHE3 SEQ 4.13171% 2,785,908.66 9,592.13 24,606.87
2AIO 05949AHF0 IO 0.72726% 0.00 99,992.06 0.00
3A1 05949AHG8 SEQ 4.24553% 216,305,729.73 765,277.94 2,457,031.80
4A1 05949AHH6 SEQ 4.64252% 62,976,667.93 243,642.19 1,413,130.29
B1 05949AHJ2 SUB 4.05581% 21,722,828.10 73,419.72 15,371.07
B2 05949AHK9 SUB 4.05581% 7,757,867.77 26,220.37 5,489.46
B3 05949AHL7 SUB 4.05581% 4,654,321.49 15,730.87 3,293.40
B4 05949AHN3 SUB 4.05581% 4,654,321.49 15,730.87 3,293.40
B5 05949AHP8 SUB 4.05581% 2,327,160.75 7,865.44 1,646.70
B6 05949AHQ6 SUB 4.05581% 2,328,146.70 7,868.77 1,647.40
SES 05949AHM5 SEQ 0.00000% 0.00 287,567.87 0.00
Totals 1,512,126,258.48 5,403,376.76 16,843,069.69
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 274,716,028.57 5,734,067.55 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 38,879,659.79 1,985,058.34 0.00
2A2 0.00 55,000,000.00 182,645.83 0.00
2A3 0.00 90,596,000.00 311,929.96 0.00
2A4 0.00 69,779,000.00 240,255.21 0.00
2A5 0.00 69,981,000.00 240,950.71 0.00
2A6 0.00 188,822,000.00 650,130.68 0.00
2A7 0.00 125,514,778.54 1,554,512.90 0.00
2A8 0.00 194,457,872.74 2,408,379.90 0.00
2A9 0.00 65,949,406.91 3,460,096.75 0.00
2A10 0.00 2,761,301.79 34,199.00 0.00
2AIO 0.00 0.00 99,992.06 0.00
3A1 0.00 213,848,697.92 3,222,309.74 0.00
4A1 0.00 61,563,537.64 1,656,772.48 0.00
B1 0.00 21,707,457.04 88,790.79 0.00
B2 0.00 7,752,378.31 31,709.83 0.00
B3 0.00 4,651,028.10 19,024.27 0.00
B4 0.00 4,651,028.10 19,024.27 0.00
B5 0.00 2,325,514.05 9,512.14 0.00
B6 0.00 2,326,499.30 9,516.17 0.00
SES 0.00 0.00 287,567.87 0.00
Totals 0.00 1,495,283,188.80 22,246,446.45 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 297,871,000.00 279,622,484.34 427,542.41 4,478,913.36 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 40,793,329.80 124,402.90 1,789,267.11 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 129,092,000.00 126,633,281.96 72,711.11 1,045,792.31 0.00 0.00
2A8 200,000,000.00 196,190,750.72 112,650.06 1,620,227.91 0.00 0.00
2A9 76,331,000.00 69,195,459.04 211,017.73 3,035,034.40 0.00 0.00
2A10 2,840,000.00 2,785,908.66 1,599.63 23,007.24 0.00 0.00
2AIO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 222,629,000.00 216,305,729.73 1,649.44 2,455,382.36 0.00 0.00
4A1 63,254,000.00 62,976,667.93 80,292.76 1,332,837.53 0.00 0.00
B1 21,768,000.00 21,722,828.10 15,371.07 0.00 0.00 0.00
B2 7,774,000.00 7,757,867.77 5,489.46 0.00 0.00 0.00
B3 4,664,000.00 4,654,321.49 3,293.40 0.00 0.00 0.00
B4 4,664,000.00 4,654,321.49 3,293.40 0.00 0.00 0.00
B5 2,332,000.00 2,327,160.75 1,646.70 0.00 0.00 0.00
B6 2,332,988.00 2,328,146.70 1,647.40 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 1,512,126,258.48 1,062,607.47 15,780,462.22 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 4,906,455.77 274,716,028.57 0.92226510 4,906,455.77
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 1,913,670.01 38,879,659.79 0.86399244 1,913,670.01
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 1,118,503.42 125,514,778.54 0.97228936 1,118,503.42
2A8 1,732,877.97 194,457,872.74 0.97228936 1,732,877.97
2A9 3,246,052.13 65,949,406.91 0.86399244 3,246,052.13
2A10 24,606.87 2,761,301.79 0.97228936 24,606.87
2AIO 0.00 0.00 0.00000000 0.00
3A1 2,457,031.80 213,848,697.92 0.96056083 2,457,031.80
4A1 1,413,130.29 61,563,537.64 0.97327501 1,413,130.29
B1 15,371.07 21,707,457.04 0.99721872 15,371.07
B2 5,489.46 7,752,378.31 0.99721872 5,489.46
B3 3,293.40 4,651,028.10 0.99721872 3,293.40
B4 3,293.40 4,651,028.10 0.99721872 3,293.40
B5 1,646.70 2,325,514.05 0.99721872 1,646.70
B6 1,647.40 2,326,499.30 0.99721872 1,647.40
SES 0.00 0.00 0.00000000 0.00
Totals 16,843,069.69 1,495,283,188.80 0.96176385 16,843,069.69
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 297,871,000.00 938.73685031 1.43532741 15.03641966 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 45,000,000.00 906.51844000 2.76450889 39.76149133 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 129,092,000.00 980.95375360 0.56325032 8.10113957 0.00000000
2A8 200,000,000.00 980.95375360 0.56325030 8.10113955 0.00000000
2A9 76,331,000.00 906.51843995 2.76450892 39.76149140 0.00000000
2A10 2,840,000.00 980.95375352 0.56325000 8.10114085 0.00000000
2AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 222,629,000.00 971.59727497 0.00740892 11.02903198 0.00000000
4A1 63,254,000.00 995.61558052 1.26937047 21.07119755 0.00000000
B1 21,768,000.00 997.92484840 0.70613148 0.00000000 0.00000000
B2 7,774,000.00 997.92484821 0.70613069 0.00000000 0.00000000
B3 4,664,000.00 997.92484777 0.70613208 0.00000000 0.00000000
B4 4,664,000.00 997.92484777 0.70613208 0.00000000 0.00000000
B5 2,332,000.00 997.92484991 0.70613208 0.00000000 0.00000000
B6 2,332,988.00 997.92485002 0.70613308 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 16.47174707 922.26510325 0.92226510 16.47174707
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 42.52600022 863.99243978 0.86399244 42.52600022
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 8.66438989 972.28936371 0.97228936 8.66438989
2A8 0.00000000 8.66438985 972.28936370 0.97228936 8.66438985
2A9 0.00000000 42.52600031 863.99243964 0.86399244 42.52600031
2A10 0.00000000 8.66439085 972.28936268 0.97228936 8.66439085
2AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 11.03644089 960.56083403 0.96056083 11.03644089
4A1 0.00000000 22.34056803 973.27501249 0.97327501 22.34056803
B1 0.00000000 0.70613148 997.21871738 0.99721872 0.70613148
B2 0.00000000 0.70613069 997.21871752 0.99721872 0.70613069
B3 0.00000000 0.70613208 997.21871784 0.99721872 0.70613208
B4 0.00000000 0.70613208 997.21871784 0.99721872 0.70613208
B5 0.00000000 0.70613208 997.21871784 0.99721872 0.70613208
B6 0.00000000 0.70613308 997.21871694 0.99721872 0.70613308
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 3.55170% 279,622,484.34 827,611.78 0.00 0.00
1AR 50.00 3.55820% 0.00 0.00 0.00 0.00
1AMR 25.00 3.55820% 0.00 0.00 0.00 0.00
1ALR 25.00 3.55820% 0.00 0.00 0.00 0.00
2A1 45,000,000.00 2.10000% 40,793,329.80 71,388.33 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 4.13171% 90,596,000.00 311,929.96 0.00 0.00
2A4 69,779,000.00 4.13171% 69,779,000.00 240,255.21 0.00 0.00
2A5 69,981,000.00 4.13171% 69,981,000.00 240,950.71 0.00 0.00
2A6 188,822,000.00 4.13171% 188,822,000.00 650,130.68 0.00 0.00
2A7 129,092,000.00 4.13171% 126,633,281.96 436,009.48 0.00 0.00
2A8 200,000,000.00 4.13171% 196,190,750.72 675,501.93 0.00 0.00
2A9 76,331,000.00 3.71200% 69,195,459.04 214,044.62 0.00 0.00
2A10 2,840,000.00 4.13171% 2,785,908.66 9,592.13 0.00 0.00
2AIO 0.00 0.72726% 164,988,788.84 99,992.06 0.00 0.00
3A1 222,629,000.00 4.24553% 216,305,729.73 765,277.94 0.00 0.00
4A1 63,254,000.00 4.64252% 62,976,667.93 243,642.19 0.00 0.00
B1 21,768,000.00 4.05581% 21,722,828.10 73,419.72 0.00 0.00
B2 7,774,000.00 4.05581% 7,757,867.77 26,220.37 0.00 0.00
B3 4,664,000.00 4.05581% 4,654,321.49 15,730.87 0.00 0.00
B4 4,664,000.00 4.05581% 4,654,321.49 15,730.87 0.00 0.00
B5 2,332,000.00 4.05581% 2,327,160.75 7,865.44 0.00 0.00
B6 2,332,988.00 4.05581% 2,328,146.70 7,868.77 0.00 0.00
SES 0.00 0.00000% 1,512,126,258.80 0.00 0.00 0.00
Totals 1,554,730,088.00 5,115,808.89 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 0.00 827,611.78 0.00 274,716,028.57
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 71,388.33 0.00 38,879,659.79
2A2 0.00 0.00 182,645.83 0.00 55,000,000.00
2A3 0.00 0.00 311,929.96 0.00 90,596,000.00
2A4 0.00 0.00 240,255.21 0.00 69,779,000.00
2A5 0.00 0.00 240,950.71 0.00 69,981,000.00
2A6 0.00 0.00 650,130.68 0.00 188,822,000.00
2A7 0.00 0.00 436,009.48 0.00 125,514,778.54
2A8 0.00 0.00 675,501.93 0.00 194,457,872.74
2A9 0.00 0.00 214,044.62 0.00 65,949,406.91
2A10 0.00 0.00 9,592.13 0.00 2,761,301.79
2AIO 0.00 0.00 99,992.06 0.00 159,829,066.70
3A1 0.00 0.00 765,277.94 0.00 213,848,697.92
4A1 0.00 0.00 243,642.19 0.00 61,563,537.64
B1 0.00 0.00 73,419.72 0.00 21,707,457.04
B2 0.00 0.00 26,220.37 0.00 7,752,378.31
B3 0.00 0.00 15,730.87 0.00 4,651,028.10
B4 0.00 0.00 15,730.87 0.00 4,651,028.10
B5 0.00 0.00 7,865.44 0.00 2,325,514.05
B6 0.00 0.00 7,868.77 0.00 2,326,499.30
SES 0.00 0.00 287,567.87 0.00 1,495,283,189.12
Totals 0.00 0.00 5,403,376.76 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 3.55170% 938.73685031 2.77842348 0.00000000 0.00000000
1AR 50.00 3.55820% 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 3.55820% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 3.55820% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 45,000,000.00 2.10000% 906.51844000 1.58640733 0.00000000 0.00000000
2A2 55,000,000.00 3.98500% 1000.00000000 3.32083327 0.00000000 0.00000000
2A3 90,596,000.00 4.13171% 1000.00000000 3.44308755 0.00000000 0.00000000
2A4 69,779,000.00 4.13171% 1000.00000000 3.44308761 0.00000000 0.00000000
2A5 69,981,000.00 4.13171% 1000.00000000 3.44308755 0.00000000 0.00000000
2A6 188,822,000.00 4.13171% 1000.00000000 3.44308756 0.00000000 0.00000000
2A7 129,092,000.00 4.13171% 980.95375360 3.37750968 0.00000000 0.00000000
2A8 200,000,000.00 4.13171% 980.95375360 3.37750965 0.00000000 0.00000000
2A9 76,331,000.00 3.71200% 906.51843995 2.80416371 0.00000000 0.00000000
2A10 2,840,000.00 4.13171% 980.95375352 3.37751056 0.00000000 0.00000000
2AIO 0.00 0.72726% 935.67659028 0.56707023 0.00000000 0.00000000
3A1 222,629,000.00 4.24553% 971.59727497 3.43745846 0.00000000 0.00000000
4A1 63,254,000.00 4.64252% 995.61558052 3.85180684 0.00000000 0.00000000
B1 21,768,000.00 4.05581% 997.92484840 3.37282800 0.00000000 0.00000000
B2 7,774,000.00 4.05581% 997.92484821 3.37282866 0.00000000 0.00000000
B3 4,664,000.00 4.05581% 997.92484777 3.37282804 0.00000000 0.00000000
B4 4,664,000.00 4.05581% 997.92484777 3.37282804 0.00000000 0.00000000
B5 2,332,000.00 4.05581% 997.92484991 3.37283019 0.00000000 0.00000000
B6 2,332,988.00 4.05581% 997.92485002 3.37282918 0.00000000 0.00000000
SES 0.00 0.00000% 972.59728242 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 2.77842348 0.00000000 922.26510325
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 1.58640733 0.00000000 863.99243978
2A2 0.00000000 0.00000000 3.32083327 0.00000000 1000.00000000
2A3 0.00000000 0.00000000 3.44308755 0.00000000 1000.00000000
2A4 0.00000000 0.00000000 3.44308761 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 3.44308755 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 3.44308756 0.00000000 1000.00000000
2A7 0.00000000 0.00000000 3.37750968 0.00000000 972.28936371
2A8 0.00000000 0.00000000 3.37750965 0.00000000 972.28936370
2A9 0.00000000 0.00000000 2.80416371 0.00000000 863.99243964
2A10 0.00000000 0.00000000 3.37751056 0.00000000 972.28936268
2AIO 0.00000000 0.00000000 0.56707023 0.00000000 906.41501891
3A1 0.00000000 0.00000000 3.43745846 0.00000000 960.56083403
4A1 0.00000000 0.00000000 3.85180684 0.00000000 973.27501249
B1 0.00000000 0.00000000 3.37282800 0.00000000 997.21871738
B2 0.00000000 0.00000000 3.37282866 0.00000000 997.21871752
B3 0.00000000 0.00000000 3.37282804 0.00000000 997.21871784
B4 0.00000000 0.00000000 3.37282804 0.00000000 997.21871784
B5 0.00000000 0.00000000 3.37283019 0.00000000 997.21871784
B6 0.00000000 0.00000000 3.37282918 0.00000000 997.21871694
SES 0.00000000 0.00000000 0.18496321 0.00000000 961.76384593
<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% 288,165,603.90 283,246,085.71 0.00 0.00 92.42733859%
SES_2 0.00000% 936,448,234.42 928,397,209.61 0.00 0.00 97.30021258%
SES_3 0.00000% 222,719,478.75 220,262,398.04 0.00 0.00 96.16648331%
SES_4 0.00000% 64,792,941.73 63,377,495.76 0.00 0.00 97.38824319%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 22,311,971.92
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 22,311,971.92
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 65,525.47
Payment of Interest and Principal 22,246,446.45
Total Withdrawals (Pool Distribution Amount) 22,311,971.92
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 63,005.26
Trustee Fee - Wells Fargo Bank, N.A. 2,520.21
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 65,525.47
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 10 0 0 0 10
3,220,645.52 0.00 0.00 0.00 3,220,645.52
60 Days 1 0 0 0 1
260,000.00 0.00 0.00 0.00 260,000.00
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 11 1 0 0 12
3,480,645.52 434,014.00 0.00 0.00 3,914,659.52
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 0.029577% 0.000000% 0.000000% 0.029577%
0.029009% 0.000000% 0.000000% 0.029009%
30 Days 0.295770% 0.000000% 0.000000% 0.000000% 0.295770%
0.215264% 0.000000% 0.000000% 0.000000% 0.215264%
60 Days 0.029577% 0.000000% 0.000000% 0.000000% 0.029577%
0.017378% 0.000000% 0.000000% 0.000000% 0.017378%
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 0.325348% 0.029577% 0.000000% 0.000000% 0.354925%
0.232642% 0.029009% 0.000000% 0.000000% 0.261651%
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 1 0 0 0 1
356,686.28 0.00 0.00 0.00 356,686.28
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
356,686.28 0.00 0.00 0.00 356,686.28
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.188324% 0.000000% 0.000000% 0.000000% 0.188324%
0.125774% 0.000000% 0.000000% 0.000000% 0.125774%
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 0.188324% 0.000000% 0.000000% 0.000000% 0.188324%
0.125774% 0.000000% 0.000000% 0.000000% 0.125774%
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 3 0 0 0 3
1,250,014.24 0.00 0.00 0.00 1,250,014.24
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 3 1 0 0 4
1,250,014.24 434,014.00 0.00 0.00 1,684,028.24
0-29 Days 0.058858% 0.000000% 0.000000% 0.058858%
0.046726% 0.000000% 0.000000% 0.046726%
30 Days 0.176574% 0.000000% 0.000000% 0.000000% 0.176574%
0.134578% 0.000000% 0.000000% 0.000000% 0.134578%
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 0.176574% 0.058858% 0.000000% 0.000000% 0.235433%
0.134578% 0.046726% 0.000000% 0.000000% 0.181304%
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 6 0 0 0 6
1,613,945.00 0.00 0.00 0.00 1,613,945.00
60 Days 1 0 0 0 1
260,000.00 0.00 0.00 0.00 260,000.00
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 7 0 0 0 7
1,873,945.00 0.00 0.00 0.00 1,873,945.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.581395% 0.000000% 0.000000% 0.000000% 0.581395%
0.732733% 0.000000% 0.000000% 0.000000% 0.732733%
60 Days 0.096899% 0.000000% 0.000000% 0.000000% 0.096899%
0.118040% 0.000000% 0.000000% 0.000000% 0.118040%
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 0.678295% 0.000000% 0.000000% 0.000000% 0.678295%
0.850774% 0.000000% 0.000000% 0.000000% 0.850774%
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 12,661.81
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.335648%
Weighted Average Net Coupon 4.061826%
Weighted Average Pass-Through Rate 4.059826%
Weighted Average Maturity(Stepdown Calculation) 354
Beginning Scheduled Collateral Loan Count 3,415
Number Of Loans Paid In Full 34
Ending Scheduled Collateral Loan Count 3,381
Beginning Scheduled Collateral Balance 1,512,126,258.80
Ending Scheduled Collateral Balance 1,495,283,189.12
Ending Actual Collateral Balance at 31-Aug-2004 1,496,136,451.28
Monthly P &I Constant 6,525,980.10
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 1,495,283,189.12
Scheduled Principal 1,062,607.46
Unscheduled Principal 15,780,462.22
Miscellaneous Reporting
Total senior percentage 97.126917%
Aggregate subordinate percentage 2.873083%
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 3.928696 4.383705 4.497535
Weighted Average Net Rate 3.553696 4.133705 4.247533
Weighted Average Maturity 355 354 355
Beginning Loan Count 539 1,712 1,043
Loans Paid In Full 8 13 11
Ending Loan Count 531 1,699 1,032
Beginning Scheduled Balance 288,165,603.90 936,448,234.42 222,719,478.75
Ending scheduled Balance 283,246,085.71 928,397,209.61 220,262,398.04
Record Date 08/31/2004 08/31/2004 08/31/2004
Principal And Interest Constant 1,384,034.11 3,958,623.22 836,438.88
Scheduled Principal 440,604.83 537,695.84 1,698.35
Unscheduled Principal 4,478,913.36 7,513,328.97 2,455,382.36
Scheduled Interest 943,429.28 3,420,927.38 834,740.53
Servicing Fees 60,034.50 195,093.38 46,399.90
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 480.28 1,560.74 371.20
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 30,017.25 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 852,897.25 3,224,273.26 787,969.43
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 3.551696 4.131705 4.245532
Group Level Collateral Statement
Group 4 Total
Collateral Description 7 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 4.894523 4.335648
Weighted Average Net Rate 4.644523 4.061826
Weighted Average Maturity 354 354
Beginning Loan Count 121 3,415
Loans Paid In Full 2 34
Ending Loan Count 119 3,381
Beginning Scheduled Balance 64,792,941.73 1,512,126,258.80
Ending scheduled Balance 63,377,495.76 1,495,283,189.12
Record Date 08/31/2004 08/31/2004
Principal And Interest Constant 346,883.89 6,525,980.10
Scheduled Principal 82,608.44 1,062,607.46
Unscheduled Principal 1,332,837.53 15,780,462.22
Scheduled Interest 264,275.45 5,463,372.64
Servicing Fees 13,498.53 315,026.31
Master Servicing Fees 0.00 0.00
Trustee Fee 107.99 2,520.21
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 30,017.25
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 250,668.93 5,115,808.87
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 4.642524 4.059826
Miscellaneous Reporting
Group 1
CPR 17.160812%
Subordinate percentage 2.964656%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.035344%
Group 2
CPR 9.219229%
Subordinate percentage 2.848156%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.151844%
Group 3
CPR 12.456142%
Subordinate percentage 2.879743%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.120257%
Miscellaneous Reporting
Group 4
CPR 22.100036%
Subordinate percentage 2.803197%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.196803%