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 2004-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-26 54-2144738
Pooling and Servicing Agreement) (Commission 54-2144739
(State or other File Number) 54-2144740
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
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-2
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 2004-2 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 2004-2 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: 9/28/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-2 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: 2004-2
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 05948KLW7 SEQ 6.00000% 109,420,437.94 546,791.01 787,984.62
1AR 05948KLX5 SEQ 6.00000% 0.00 0.00 0.00
1AMR 05948KLY3 SEQ 6.00000% 0.00 0.00 0.00
1ALR 05948KLZ0 SEQ 6.00000% 0.00 0.00 0.00
2A1 05948KMA4 SEQ 5.00000% 23,429,747.57 97,568.42 621,300.95
2A2 05948KMB2 SEQ 5.25000% 14,114,000.00 61,713.63 0.00
2A3 05948KMC0 SEQ 6.00000% 2,211,000.00 11,048.71 0.00
2A4 05948KMD8 SEQ 2.01500% 11,714,873.78 19,660.04 310,650.47
2A5 05948KME6 IO 5.98500% 0.00 58,394.70 0.00
2A6 05948KMF3 IO 0.75000% 0.00 8,816.23 0.00
2A7 05948KMG1 SEQ 6.00000% 3,130,000.00 15,641.10 0.00
CBIO 05948KMH9 IO 0.24469% 0.00 11,805.17 0.00
3A1 05948KMJ5 SEQ 6.00000% 27,179,567.64 135,820.54 28,306.14
3IO 05948KMK2 IO 0.22778% 0.00 1,694.22 0.00
4A1 05948KML0 SEQ 4.75000% 34,702,946.14 137,365.83 440,277.89
5A1 05948KMM8 SEQ 5.50000% 33,045,648.37 151,459.22 170,763.89
15IO 05948KMN6 IO 0.32031% 0.00 12,005.50 0.00
PO 05948KMP1 PO 0.00000% 6,264,193.71 0.00 54,469.03
15B1 05948KMU0 SUB 5.11963% 1,019,184.58 4,348.20 4,062.39
15B2 05948KMV8 SUB 5.11963% 145,597.80 621.17 580.34
15B3 05948KMW6 SUB 5.11963% 218,885.28 933.84 872.46
15B4 05948KNB1 SUB 5.11963% 108,465.47 462.75 432.33
15B5 05948KNC9 SUB 5.11963% 73,287.48 312.67 292.12
15B6 05948KND7 SUB 5.11963% 109,646.88 467.79 437.04
30B1 05948KMR7 SUB 5.50000% 4,768,618.18 21,843.74 5,000.78
30B2 05948KMS5 SUB 5.50000% 2,107,017.62 9,651.67 2,209.60
30B3 05948KMT3 SUB 5.50000% 1,219,486.14 5,586.13 1,278.86
30B4 05948KMY2 SUB 6.00000% 1,108,172.00 5,537.71 1,162.12
30B5 05948KMZ9 SUB 6.00000% 665,897.08 3,327.59 698.32
30B6 05948KNA3 SUB 6.00000% 998,048.57 4,987.40 1,046.63
30BIO 05948KMQ9 IO 0.50000% 0.00 3,371.05 0.00
SES 05948KMX4 IO 0.00000% 0.00 49,753.21 0.00
Totals 277,754,722.23 1,380,989.24 2,431,825.98
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 108,632,453.33 1,334,775.63 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 22,808,446.62 718,869.37 0.00
2A2 0.00 14,114,000.00 61,713.63 0.00
2A3 0.00 2,211,000.00 11,048.71 0.00
2A4 0.00 11,404,223.31 330,310.51 0.00
2A5 0.00 0.00 58,394.70 0.00
2A6 0.00 0.00 8,816.23 0.00
2A7 0.00 3,130,000.00 15,641.10 0.00
CBIO 0.00 0.00 11,805.17 0.00
3A1 0.00 27,151,261.50 164,126.68 0.00
3IO 0.00 0.00 1,694.22 0.00
4A1 0.00 34,262,668.24 577,643.72 0.00
5A1 0.00 32,874,884.47 322,223.11 0.00
15IO 0.00 0.00 12,005.50 0.00
PO 0.00 6,209,724.68 54,469.03 0.00
15B1 0.00 1,015,122.19 8,410.59 0.00
15B2 0.00 145,017.46 1,201.51 0.00
15B3 0.00 218,012.82 1,806.30 0.00
15B4 0.00 108,033.14 895.08 0.00
15B5 0.00 72,995.36 604.79 0.00
15B6 0.00 109,209.83 904.83 0.00
30B1 0.00 4,763,617.40 26,844.52 0.00
30B2 0.00 2,104,808.02 11,861.27 0.00
30B3 0.00 1,218,207.29 6,864.99 0.00
30B4 0.00 1,107,009.88 6,699.83 0.00
30B5 0.00 665,198.76 4,025.91 0.00
30B6 0.00 997,001.94 6,034.03 0.00
30BIO 0.00 0.00 3,371.05 0.00
SES 0.00 0.00 49,753.21 0.00
Totals 0.00 275,322,896.24 3,812,815.22 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 117,132,000.00 109,420,437.94 117,331.70 670,652.91 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 26,400,000.00 23,429,747.57 37,279.71 584,021.24 0.00 0.00
2A2 14,114,000.00 14,114,000.00 0.00 0.00 0.00 0.00
2A3 2,211,000.00 2,211,000.00 0.00 0.00 0.00 0.00
2A4 13,200,000.00 11,714,873.78 18,639.86 292,010.62 0.00 0.00
2A5 0.00 0.00 0.00 0.00 0.00 0.00
2A6 0.00 0.00 0.00 0.00 0.00 0.00
2A7 3,130,000.00 3,130,000.00 0.00 0.00 0.00 0.00
CBIO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 29,837,000.00 27,179,567.64 27,323.83 982.31 0.00 0.00
3IO 0.00 0.00 0.00 0.00 0.00 0.00
4A1 36,738,000.00 34,702,946.14 138,891.10 301,386.80 0.00 0.00
5A1 35,655,000.00 33,045,648.37 131,160.72 39,603.17 0.00 0.00
15IO 0.00 0.00 0.00 0.00 0.00 0.00
PO 6,537,180.00 6,264,193.71 8,193.81 46,275.22 0.00 0.00
15B1 1,043,000.00 1,019,184.58 4,062.39 0.00 0.00 0.00
15B2 149,000.00 145,597.80 580.34 0.00 0.00 0.00
15B3 224,000.00 218,885.28 872.46 0.00 0.00 0.00
15B4 111,000.00 108,465.47 432.33 0.00 0.00 0.00
15B5 75,000.00 73,287.48 292.12 0.00 0.00 0.00
15B6 112,209.00 109,646.88 437.04 0.00 0.00 0.00
30B1 4,798,000.00 4,768,618.18 5,000.78 0.00 0.00 0.00
30B2 2,120,000.00 2,107,017.62 2,209.60 0.00 0.00 0.00
30B3 1,227,000.00 1,219,486.14 1,278.86 0.00 0.00 0.00
30B4 1,115,000.00 1,108,172.00 1,162.12 0.00 0.00 0.00
30B5 670,000.00 665,897.08 698.32 0.00 0.00 0.00
30B6 1,004,198.00 998,048.57 1,046.63 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 297,602,687.00 277,754,722.23 496,893.72 1,934,932.27 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 787,984.62 108,632,453.33 0.92743617 787,984.62
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 621,300.95 22,808,446.62 0.86395631 621,300.95
2A2 0.00 14,114,000.00 1.00000000 0.00
2A3 0.00 2,211,000.00 1.00000000 0.00
2A4 310,650.47 11,404,223.31 0.86395631 310,650.47
2A5 0.00 0.00 0.00000000 0.00
2A6 0.00 0.00 0.00000000 0.00
2A7 0.00 3,130,000.00 1.00000000 0.00
CBIO 0.00 0.00 0.00000000 0.00
3A1 28,306.14 27,151,261.50 0.90998631 28,306.14
3IO 0.00 0.00 0.00000000 0.00
4A1 440,277.89 34,262,668.24 0.93262203 440,277.89
5A1 170,763.89 32,874,884.47 0.92202733 170,763.89
15IO 0.00 0.00 0.00000000 0.00
PO 54,469.03 6,209,724.68 0.94990878 54,469.03
15B1 4,062.39 1,015,122.19 0.97327151 4,062.39
15B2 580.34 145,017.46 0.97327154 580.34
15B3 872.46 218,012.82 0.97327152 872.46
15B4 432.33 108,033.14 0.97327153 432.33
15B5 292.12 72,995.36 0.97327147 292.12
15B6 437.04 109,209.83 0.97327157 437.04
30B1 5,000.78 4,763,617.40 0.99283397 5,000.78
30B2 2,209.60 2,104,808.02 0.99283397 2,209.60
30B3 1,278.86 1,218,207.29 0.99283398 1,278.86
30B4 1,162.12 1,107,009.88 0.99283397 1,162.12
30B5 698.32 665,198.76 0.99283397 698.32
30B6 1,046.63 997,001.94 0.99283402 1,046.63
SES 0.00 0.00 0.00000000 0.00
Totals 2,431,825.98 275,322,896.24 0.92513579 2,431,825.98
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 117,132,000.00 934.16349025 1.00170491 5.72561648 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 26,400,000.00 887.49043826 1.41211023 22.12201667 0.00000000
2A2 14,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A3 2,211,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 13,200,000.00 887.49043788 1.41211061 22.12201667 0.00000000
2A5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A6 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A7 3,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CBIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 29,837,000.00 910.93500151 0.91577002 0.03292255 0.00000000
3IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4A1 36,738,000.00 944.60629702 3.78058414 8.20368011 0.00000000
5A1 35,655,000.00 926.81667003 3.67860665 1.11073258 0.00000000
15IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
PO 6,537,180.00 958.24097088 1.25341661 7.07877403 0.00000000
15B1 1,043,000.00 977.16642378 3.89490892 0.00000000 0.00000000
15B2 149,000.00 977.16644295 3.89489933 0.00000000 0.00000000
15B3 224,000.00 977.16642857 3.89491071 0.00000000 0.00000000
15B4 111,000.00 977.16639640 3.89486486 0.00000000 0.00000000
15B5 75,000.00 977.16640000 3.89493333 0.00000000 0.00000000
15B6 112,209.00 977.16653744 3.89487474 0.00000000 0.00000000
30B1 4,798,000.00 993.87623593 1.04226344 0.00000000 0.00000000
30B2 2,120,000.00 993.87623585 1.04226415 0.00000000 0.00000000
30B3 1,227,000.00 993.87623472 1.04226569 0.00000000 0.00000000
30B4 1,115,000.00 993.87623318 1.04226009 0.00000000 0.00000000
30B5 670,000.00 993.87623881 1.04226866 0.00000000 0.00000000
30B6 1,004,198.00 993.87627739 1.04225462 0.00000000 0.00000000
30BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 6.72732148 927.43616885 0.92743617 6.72732148
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 23.53412689 863.95631136 0.86395631 23.53412689
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 23.53412652 863.95631136 0.86395631 23.53412652
2A5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CBIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 0.94869256 909.98630895 0.90998631 0.94869256
3IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4A1 0.00000000 11.98426398 932.62203277 0.93262203 11.98426398
5A1 0.00000000 4.78933922 922.02733053 0.92202733 4.78933922
15IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
PO 0.00000000 8.33219064 949.90878024 0.94990878 8.33219064
15B1 0.00000000 3.89490892 973.27151486 0.97327151 3.89490892
15B2 0.00000000 3.89489933 973.27154362 0.97327154 3.89489933
15B3 0.00000000 3.89491071 973.27151786 0.97327152 3.89491071
15B4 0.00000000 3.89486486 973.27153153 0.97327153 3.89486486
15B5 0.00000000 3.89493333 973.27146667 0.97327147 3.89493333
15B6 0.00000000 3.89487474 973.27157358 0.97327157 3.89487474
30B1 0.00000000 1.04226344 992.83397249 0.99283397 1.04226344
30B2 0.00000000 1.04226415 992.83397170 0.99283397 1.04226415
30B3 0.00000000 1.04226569 992.83397718 0.99283398 1.04226569
30B4 0.00000000 1.04226009 992.83397309 0.99283397 1.04226009
30B5 0.00000000 1.04226866 992.83397015 0.99283397 1.04226866
30B6 0.00000000 1.04225462 992.83402277 0.99283402 1.04225462
30BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 117,132,000.00 6.00000% 109,420,437.94 547,102.19 0.00 0.00
1AR 50.00 6.00000% 0.00 0.00 0.00 0.00
1AMR 25.00 6.00000% 0.00 0.00 0.00 0.00
1ALR 25.00 6.00000% 0.00 0.00 0.00 0.00
2A1 26,400,000.00 5.00000% 23,429,747.57 97,623.95 0.00 0.00
2A2 14,114,000.00 5.25000% 14,114,000.00 61,748.75 0.00 0.00
2A3 2,211,000.00 6.00000% 2,211,000.00 11,055.00 0.00 0.00
2A4 13,200,000.00 2.01500% 11,714,873.78 19,671.23 0.00 0.00
2A5 0.00 5.98500% 11,714,873.78 58,427.93 0.00 0.00
2A6 0.00 0.75000% 14,114,000.00 8,821.25 0.00 0.00
2A7 3,130,000.00 6.00000% 3,130,000.00 15,650.00 0.00 0.00
CBIO 0.00 0.24469% 57,927,196.36 11,811.89 0.00 0.00
3A1 29,837,000.00 6.00000% 27,179,567.64 135,897.84 0.00 0.00
3IO 0.00 0.22778% 8,930,640.15 1,695.19 0.00 0.00
4A1 36,738,000.00 4.75000% 34,702,946.14 137,365.83 0.00 0.00
5A1 35,655,000.00 5.50000% 33,045,648.37 151,459.22 0.00 0.00
15IO 0.00 0.32031% 44,976,644.85 12,005.49 0.00 0.00
PO 6,537,180.00 0.00000% 6,264,193.71 0.00 0.00 0.00
15B1 1,043,000.00 5.11963% 1,019,184.58 4,348.20 0.00 0.00
15B2 149,000.00 5.11963% 145,597.80 621.17 0.00 0.00
15B3 224,000.00 5.11963% 218,885.28 933.84 0.00 0.00
15B4 111,000.00 5.11963% 108,465.47 462.75 0.00 0.00
15B5 75,000.00 5.11963% 73,287.48 312.67 0.00 0.00
15B6 112,209.00 5.11963% 109,646.88 467.79 0.00 0.00
30B1 4,798,000.00 5.50000% 4,768,618.18 21,856.17 0.00 0.00
30B2 2,120,000.00 5.50000% 2,107,017.62 9,657.16 0.00 0.00
30B3 1,227,000.00 5.50000% 1,219,486.14 5,589.31 0.00 0.00
30B4 1,115,000.00 6.00000% 1,108,172.00 5,540.86 0.00 0.00
30B5 670,000.00 6.00000% 665,897.08 3,329.49 0.00 0.00
30B6 1,004,198.00 6.00000% 998,048.57 4,990.24 0.00 0.00
30BIO 0.00 0.50000% 8,095,121.95 3,372.97 0.00 0.00
SES 0.00 0.00000% 277,754,723.25 0.00 0.00 0.00
Totals 297,602,687.00 1,331,818.38 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 311.18 0.00 546,791.01 0.00 108,632,453.33
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 55.53 0.00 97,568.42 0.00 22,808,446.62
2A2 35.12 0.00 61,713.63 0.00 14,114,000.00
2A3 6.29 0.00 11,048.71 0.00 2,211,000.00
2A4 11.19 0.00 19,660.04 0.00 11,404,223.31
2A5 33.23 0.00 58,394.70 0.00 11,404,223.31
2A6 5.02 0.00 8,816.23 0.00 14,114,000.00
2A7 8.90 0.00 15,641.10 0.00 3,130,000.00
CBIO 6.72 0.00 11,805.17 0.00 57,509,109.87
3A1 77.30 0.00 135,820.54 0.00 27,151,261.50
3IO 0.96 0.00 1,694.22 0.00 8,922,190.09
4A1 0.00 0.00 137,365.83 0.00 34,262,668.24
5A1 0.00 0.00 151,459.22 0.00 32,874,884.47
15IO 0.00 0.00 12,005.50 0.00 44,744,703.38
PO 0.00 0.00 0.00 0.00 6,209,724.68
15B1 0.00 0.00 4,348.20 0.00 1,015,122.19
15B2 0.00 0.00 621.17 0.00 145,017.46
15B3 0.00 0.00 933.84 0.00 218,012.82
15B4 0.00 0.00 462.75 0.00 108,033.14
15B5 0.00 0.00 312.67 0.00 72,995.36
15B6 0.00 0.00 467.79 0.00 109,209.83
30B1 12.43 0.00 21,843.74 0.00 4,763,617.40
30B2 5.49 0.00 9,651.67 0.00 2,104,808.02
30B3 3.18 0.00 5,586.13 0.00 1,218,207.29
30B4 3.15 0.00 5,537.71 0.00 1,107,009.88
30B5 1.89 0.00 3,327.59 0.00 665,198.76
30B6 2.84 0.00 4,987.40 0.00 997,001.94
30BIO 1.92 0.00 3,371.05 0.00 8,086,632.71
SES 0.00 0.00 49,753.21 0.00 275,322,897.26
Totals 582.34 0.00 1,380,989.24 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 117,132,000.00 6.00000% 934.16349025 4.67081745 0.00000000 0.00000000
1AR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 26,400,000.00 5.00000% 887.49043826 3.69787689 0.00000000 0.00000000
2A2 14,114,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000
2A3 2,211,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
2A4 13,200,000.00 2.01500% 887.49043788 1.49024470 0.00000000 0.00000000
2A5 0.00 5.98500% 887.49043788 4.42635833 0.00000000 0.00000000
2A6 0.00 0.75000% 1000.00000000 0.62500000 0.00000000 0.00000000
2A7 3,130,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
CBIO 0.00 0.24469% 900.76562436 0.18367442 0.00000000 0.00000000
3A1 29,837,000.00 6.00000% 910.93500151 4.55467507 0.00000000 0.00000000
3IO 0.00 0.22778% 894.61115553 0.16981267 0.00000000 0.00000000
4A1 36,738,000.00 4.75000% 944.60629702 3.73906663 0.00000000 0.00000000
5A1 35,655,000.00 5.50000% 926.81667003 4.24790969 0.00000000 0.00000000
15IO 0.00 0.32031% 933.37177337 0.24914232 0.00000000 0.00000000
PO 6,537,180.00 0.00000% 958.24097088 0.00000000 0.00000000 0.00000000
15B1 1,043,000.00 5.11963% 977.16642378 4.16893576 0.00000000 0.00000000
15B2 149,000.00 5.11963% 977.16644295 4.16892617 0.00000000 0.00000000
15B3 224,000.00 5.11963% 977.16642857 4.16892857 0.00000000 0.00000000
15B4 111,000.00 5.11963% 977.16639640 4.16891892 0.00000000 0.00000000
15B5 75,000.00 5.11963% 977.16640000 4.16893333 0.00000000 0.00000000
15B6 112,209.00 5.11963% 977.16653744 4.16891693 0.00000000 0.00000000
30B1 4,798,000.00 5.50000% 993.87623593 4.55526678 0.00000000 0.00000000
30B2 2,120,000.00 5.50000% 993.87623585 4.55526415 0.00000000 0.00000000
30B3 1,227,000.00 5.50000% 993.87623472 4.55526487 0.00000000 0.00000000
30B4 1,115,000.00 6.00000% 993.87623318 4.96938117 0.00000000 0.00000000
30B5 670,000.00 6.00000% 993.87623881 4.96938806 0.00000000 0.00000000
30B6 1,004,198.00 6.00000% 993.87627739 4.96937855 0.00000000 0.00000000
30BIO 0.00 0.50000% 993.87623696 0.41411541 0.00000000 0.00000000
SES 0.00 0.00000% 933.30717223 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 0.00265666 0.00000000 4.66816079 0.00000000 927.43616885
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 0.00210341 0.00000000 3.69577348 0.00000000 863.95631136
2A2 0.00248831 0.00000000 4.37251169 0.00000000 1000.00000000
2A3 0.00284487 0.00000000 4.99715513 0.00000000 1000.00000000
2A4 0.00084773 0.00000000 1.48939697 0.00000000 863.95631136
2A5 0.00251742 0.00000000 4.42384091 0.00000000 863.95631136
2A6 0.00035568 0.00000000 0.62464432 0.00000000 1000.00000000
2A7 0.00284345 0.00000000 4.99715655 0.00000000 1000.00000000
CBIO 0.00010450 0.00000000 0.18356993 0.00000000 894.26439589
3A1 0.00259074 0.00000000 4.55208432 0.00000000 909.98630895
3IO 0.00009617 0.00000000 0.16971551 0.00000000 893.76468565
4A1 0.00000000 0.00000000 3.73906663 0.00000000 932.62203277
5A1 0.00000000 0.00000000 4.24790969 0.00000000 922.02733053
15IO 0.00000000 0.00000000 0.24914252 0.00000000 928.55843921
PO 0.00000000 0.00000000 0.00000000 0.00000000 949.90878024
15B1 0.00000000 0.00000000 4.16893576 0.00000000 973.27151486
15B2 0.00000000 0.00000000 4.16892617 0.00000000 973.27154362
15B3 0.00000000 0.00000000 4.16892857 0.00000000 973.27151786
15B4 0.00000000 0.00000000 4.16891892 0.00000000 973.27153153
15B5 0.00000000 0.00000000 4.16893333 0.00000000 973.27146667
15B6 0.00000000 0.00000000 4.16891693 0.00000000 973.27157358
30B1 0.00259066 0.00000000 4.55267612 0.00000000 992.83397249
30B2 0.00258962 0.00000000 4.55267453 0.00000000 992.83397170
30B3 0.00259169 0.00000000 4.55267319 0.00000000 992.83397718
30B4 0.00282511 0.00000000 4.96655605 0.00000000 992.83397309
30B5 0.00282090 0.00000000 4.96655224 0.00000000 992.83397015
30B6 0.00282813 0.00000000 4.96655042 0.00000000 992.83402277
30BIO 0.00023573 0.00000000 0.41387968 0.00000000 992.83397299
SES 0.00000000 0.00000000 0.16717998 0.00000000 925.13578774
<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>
CBIO-1 0.22096% 42,934,298.58 42,610,964.71 0.00 0.00 90.67849477%
CBIO-2 0.31265% 14,992,897.78 14,898,145.16 0.00 0.00 86.02898899%
3IO-1 0.22778% 8,930,640.15 8,922,190.09 0.00 0.00 89.37646856%
15IO-1 0.37209% 29,236,402.53 29,095,519.89 0.00 0.00 94.08736605%
15IO-2 0.22414% 15,740,242.32 15,649,183.49 0.00 0.00 90.64980971%
PO-1 0.00000% 0.00 0.00 2,874,736.07 2,863,915.13 95.40284345%
PO-2 0.00000% 0.00 0.00 2,198,681.75 2,165,370.65 95.09422598%
PO-3 0.00000% 0.00 0.00 828,795.17 827,894.85 94.51037863%
PO-4 0.00000% 0.00 0.00 167,324.65 158,677.78 92.29476807%
PO-5 0.00000% 0.00 0.00 194,656.07 193,866.27 92.19653787%
30BIO-1 0.50000% 4,768,618.18 4,763,617.40 0.00 0.00 99.28339725%
30BIO-2 0.50000% 2,107,017.62 2,104,808.02 0.00 0.00 99.28339717%
30BIO-3 0.50000% 1,219,486.14 1,218,207.29 0.00 0.00 99.28339772%
SES-1 0.00000% 118,446,642.97 117,641,241.19 0.00 0.00 93.12635536%
SES-2 0.00000% 59,940,368.27 58,971,887.72 0.00 0.00 91.43926665%
SES-3 0.00000% 29,582,068.68 29,551,280.16 0.00 0.00 91.50137964%
SES-4 0.00000% 35,719,806.70 35,267,481.86 0.00 0.00 93.35091142%
SES-5 0.00000% 34,065,836.63 33,891,006.33 0.00 0.00 92.32106872%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,826,124.57
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 3,826,124.57
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 13,309.35
Payment of Interest and Principal 3,812,815.22
Total Withdrawals (Pool Distribution Amount) 3,826,124.57
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 582.34
SERVICING FEES
<s> <c>
Gross Servicing Fee 11,573.38
Trustee Fee 1,735.97
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 13,309.35
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 10 1 0 0 11
1,100,014.99 487,618.87 0.00 0.00 1,587,633.86
60 Days 1 0 0 0 1
199,172.06 0.00 0.00 0.00 199,172.06
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
1,299,187.05 487,618.87 0.00 0.00 1,786,805.92
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 0.485201% 0.048520% 0.000000% 0.000000% 0.533721%
0.398934% 0.176841% 0.000000% 0.000000% 0.575775%
60 Days 0.048520% 0.000000% 0.000000% 0.000000% 0.048520%
0.072232% 0.000000% 0.000000% 0.000000% 0.072232%
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 0.533721% 0.048520% 0.000000% 0.000000% 0.582242%
0.471166% 0.176841% 0.000000% 0.000000% 0.648007%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 - 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 5 0 0 0 5
466,139.81 0.00 0.00 0.00 466,139.81
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
466,139.81 0.00 0.00 0.00 466,139.81
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.524659% 0.000000% 0.000000% 0.000000% 0.524659%
0.395878% 0.000000% 0.000000% 0.000000% 0.395878%
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 0.524659% 0.000000% 0.000000% 0.000000% 0.524659%
0.395878% 0.000000% 0.000000% 0.000000% 0.395878%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 - 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 1 0 0 0 1
62,265.03 0.00 0.00 0.00 62,265.03
60 Days 1 0 0 0 1
199,172.06 0.00 0.00 0.00 199,172.06
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
261,437.09 0.00 0.00 0.00 261,437.09
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.269542% 0.000000% 0.000000% 0.000000% 0.269542%
0.105499% 0.000000% 0.000000% 0.000000% 0.105499%
60 Days 0.269542% 0.000000% 0.000000% 0.000000% 0.269542%
0.337468% 0.000000% 0.000000% 0.000000% 0.337468%
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 0.539084% 0.000000% 0.000000% 0.000000% 0.539084%
0.442968% 0.000000% 0.000000% 0.000000% 0.442968%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 - 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 0 1 0 0 1
0.00 487,618.87 0.00 0.00 487,618.87
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 1 0 0 1
0.00 487,618.87 0.00 0.00 487,618.87
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 1.886792% 0.000000% 0.000000% 1.886792%
0.000000% 1.648686% 0.000000% 0.000000% 1.648686%
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% 1.886792% 0.000000% 0.000000% 1.886792%
0.000000% 1.648686% 0.000000% 0.000000% 1.648686%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 - 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 2 0 0 0 2
330,527.96 0.00 0.00 0.00 330,527.96
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
330,527.96 0.00 0.00 0.00 330,527.96
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.660066% 0.000000% 0.000000% 0.000000% 0.660066%
0.934057% 0.000000% 0.000000% 0.000000% 0.934057%
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 0.660066% 0.000000% 0.000000% 0.000000% 0.660066%
0.934057% 0.000000% 0.000000% 0.000000% 0.934057%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
5 - 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 2 0 0 0 2
241,082.19 0.00 0.00 0.00 241,082.19
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
241,082.19 0.00 0.00 0.00 241,082.19
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.524934% 0.000000% 0.000000% 0.000000% 0.524934%
0.708893% 0.000000% 0.000000% 0.000000% 0.708893%
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 0.524934% 0.000000% 0.000000% 0.000000% 0.524934%
0.708893% 0.000000% 0.000000% 0.000000% 0.708893%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 11,960.76
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.011433%
Weighted Average Pass-Through Rate 5.753933%
Weighted Average Maturity(Stepdown Calculation ) 349
Beginning Scheduled Collateral Loan Count 2,074
Number Of Loans Paid In Full 13
Ending Scheduled Collateral Loan Count 2,061
Beginning Scheduled Collateral Balance 277,754,723.25
Ending Scheduled Collateral Balance 275,322,897.26
Ending Actual Collateral Balance at 31-Aug-2004 275,738,668.75
Monthly P &I Constant 1,888,313.60
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 3,575,150.70
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 275,322,897.26
Scheduled Principal 496,893.72
Unscheduled Principal 1,934,932.27
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 30 Year Fixed 3 - 30 Year Fixed
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.191970 6.115617 6.158164
Weighted Average Net Rate 5.941970 5.865616 5.908164
Weighted Average Maturity 346 352 352
Beginning Loan Count 959 376 53
Loans Paid In Full 6 5 0
Ending Loan Count 953 371 53
Beginning Scheduled Balance 118,446,642.97 59,940,368.27 29,582,068.68
Ending scheduled Balance 117,641,241.19 58,971,887.72 29,551,280.16
Record Date 08/31/2004 08/31/2004 08/31/2004
Principal And Interest Constant 738,579.69 367,012.35 181,587.83
Scheduled Principal 127,397.93 61,535.42 29,778.46
Unscheduled Principal 678,003.85 906,945.13 1,010.06
Scheduled Interest 611,181.76 305,476.93 151,809.37
Servicing Fees 24,676.39 12,487.59 6,162.93
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 740.28 374.64 184.88
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 585,765.09 292,614.70 145,461.56
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 5.934470 5.858117 5.900664
Group Level Collateral Statement
Group 4 - 15 Year Fixed 5 - 15 Year Fixed Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 5.289806 5.829633 6.011433
Weighted Average Net Rate 5.039806 5.579634 5.761433
Weighted Average Maturity 170 168 349
Beginning Loan Count 304 382 2,074
Loans Paid In Full 1 1 13
Ending Loan Count 303 381 2,061
Beginning Scheduled Balance 35,719,806.70 34,065,836.63 277,754,723.25
Ending scheduled Balance 35,267,481.86 33,891,006.33 275,322,897.26
Record Date 08/31/2004 08/31/2004 08/31/2004
Principal And Interest Constant 300,452.48 300,681.25 1,888,313.60
Scheduled Principal 142,993.44 135,188.47 496,893.72
Unscheduled Principal 309,331.40 39,641.83 1,934,932.27
Scheduled Interest 157,459.04 165,492.78 1,391,419.88
Servicing Fees 7,441.64 7,097.04 57,865.59
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 223.25 212.92 1,735.97
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 149,794.15 158,182.82 1,331,818.32
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 5.032306 5.572133 5.753933
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 6.663718%
Subordinate Percentage 5.322633%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.677367%
Group 2 - 30 Year Fixed
CPR 16.735392%
Subordinate Percentage 5.441587%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.558413%
Group 3 - 30 Year Fixed
CPR 0.041007%
Subordinate Percentage 5.473135%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.526865%
Miscellaneous Reporting
Group 4 - 15 Year Fixed
CPR 9.948928%
Subordinate Percentage 2.389524%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.610476%
Group 5 - 15 Year Fixed
CPR 1.393009%
Subordinate Percentage 2.437270%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.562730%
Group