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 2004-5 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-34 54-2154033
Pooling and Servicing Agreement) (Commission 54-2154034
(State or other File Number) IRS EIN
jurisdiction
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On September 27, 2004 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-5
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 2004-5 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 2004-5 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 2004-5 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: 2004-5
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>
1-A-1 05948KRB7 SEN 6.00000% 173,487,508.97 867,437.49 1,781,670.45
1-A-R 05948KRC5 SEN 6.00000% 0.00 0.00 0.00
1-A-LR 05948KRD3 SEN 6.00000% 0.00 0.00 0.00
2-A-1 05948KRE1 SEN 6.00000% 94,209,651.01 471,048.23 748,204.04
CB-IO 05948KRF8 SEN 0.26220% 0.00 1,958.95 0.00
3-A-1 05948KRG6 SEN 5.75000% 44,432,678.51 212,906.57 881,445.98
3-A-2 05948KRH4 SEN 6.00000% 7,225,833.00 36,129.16 0.00
3-A-3 05948KRJ0 SEN 0.00000% 314,167.00 0.00 0.00
3-IO 05948KRK7 SEN 0.33193% 0.00 2,865.02 0.00
4-A-1 05948KRL5 SEN 5.00000% 93,242,727.39 388,511.33 901,852.05
4-A-2 05948KRM3 SEN 5.00000% 16,985,000.00 70,770.83 0.00
4-IO 05948KRN1 SEN 0.24276% 0.00 12,408.56 0.00
PO 05948KRP6 SEN 0.00000% 21,092,098.10 0.00 174,509.80
4-B-1 05948KRU5 SUB 5.00000% 1,508,053.57 6,283.56 5,706.46
4-B-2 05948KRV3 SUB 5.00000% 232,388.58 968.29 879.36
4-B-3 05948KRW1 SUB 5.00000% 348,088.43 1,450.37 1,317.16
4-B-4 05948KSB6 SUB 5.00000% 174,044.21 725.18 658.58
4-B-5 05948KSC4 SUB 5.00000% 174,044.21 725.18 658.58
4-B-6 05948KSD2 SUB 5.00000% 116,267.47 484.45 439.95
30-B-1 05948KRR2 SUB 5.75000% 6,842,773.50 32,788.29 7,163.94
30-B-2 05948KRS0 SUB 5.75000% 3,240,946.48 15,529.53 3,393.06
30-B-3 05948KRT8 SUB 5.75000% 1,800,415.05 8,626.99 1,884.92
30-B-4 05948KRY7 SUB 5.75000% 1,800,415.05 8,626.99 1,884.92
30-B-5 05948KRZ4 SUB 5.75000% 1,261,088.06 6,042.71 1,320.28
30-B-6 05948KSA8 SUB 5.75000% 1,440,580.30 6,902.78 1,508.18
30-B-IO 05948KRQ4 SUB 0.25000% 0.00 2,873.05 0.00
SES 05948KRX9 SEN 0.00000% 0.00 83,380.33 0.00
Totals 469,928,768.89 2,239,443.84 4,514,497.71
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 171,705,838.52 2,649,107.94 0.00
1-A-R 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00
2-A-1 0.00 93,461,446.97 1,219,252.27 0.00
CB-IO 0.00 0.00 1,958.95 0.00
3-A-1 0.00 43,551,232.52 1,094,352.55 0.00
3-A-2 0.00 7,225,833.00 36,129.16 0.00
3-A-3 0.00 314,167.00 0.00 0.00
3-IO 0.00 0.00 2,865.02 0.00
4-A-1 0.00 92,340,875.34 1,290,363.38 0.00
4-A-2 0.00 16,985,000.00 70,770.83 0.00
4-IO 0.00 0.00 12,408.56 0.00
PO 0.00 20,917,588.30 174,509.80 0.00
4-B-1 0.00 1,502,347.10 11,990.02 0.00
4-B-2 0.00 231,509.23 1,847.65 0.00
4-B-3 0.00 346,771.27 2,767.53 0.00
4-B-4 0.00 173,385.63 1,383.76 0.00
4-B-5 0.00 173,385.63 1,383.76 0.00
4-B-6 0.00 115,827.52 924.40 0.00
30-B-1 0.00 6,835,609.56 39,952.23 0.00
30-B-2 0.00 3,237,553.42 18,922.59 0.00
30-B-3 0.00 1,798,530.14 10,511.91 0.00
30-B-4 0.00 1,798,530.14 10,511.91 0.00
30-B-5 0.00 1,259,767.79 7,362.99 0.00
30-B-6 0.00 1,439,072.12 8,410.96 0.00
30-B-IO 0.00 0.00 2,873.05 0.00
SES 0.00 0.00 83,380.33 0.00
Totals 0.00 465,414,271.20 6,753,941.55 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>
1-A-1 177,163,000.00 173,487,508.97 183,000.35 1,598,670.10 0.00 0.00
1-A-R 50.00 0.00 0.00 0.00 0.00 0.00
1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-A-1 95,263,000.00 94,209,651.01 97,545.76 650,658.28 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 45,775,000.00 44,432,678.51 54,096.56 827,349.42 0.00 0.00
3-A-2 7,225,833.00 7,225,833.00 0.00 0.00 0.00 0.00
3-A-3 314,167.00 314,167.00 0.00 0.00 0.00 0.00
3-IO 0.00 0.00 0.00 0.00 0.00 0.00
4-A-1 95,443,000.00 93,242,727.39 417,100.86 484,751.19 0.00 0.00
4-A-2 16,985,000.00 16,985,000.00 0.00 0.00 0.00 0.00
4-IO 0.00 0.00 0.00 0.00 0.00 0.00
PO 21,361,292.00 21,092,098.10 29,195.27 145,314.53 0.00 0.00
4-B-1 1,525,000.00 1,508,053.57 5,706.46 0.00 0.00 0.00
4-B-2 235,000.00 232,388.58 879.36 0.00 0.00 0.00
4-B-3 352,000.00 348,088.43 1,317.16 0.00 0.00 0.00
4-B-4 176,000.00 174,044.21 658.58 0.00 0.00 0.00
4-B-5 176,000.00 174,044.21 658.58 0.00 0.00 0.00
4-B-6 117,574.00 116,267.47 439.95 0.00 0.00 0.00
30-B-1 6,864,000.00 6,842,773.50 7,163.94 0.00 0.00 0.00
30-B-2 3,251,000.00 3,240,946.48 3,393.06 0.00 0.00 0.00
30-B-3 1,806,000.00 1,800,415.05 1,884.92 0.00 0.00 0.00
30-B-4 1,806,000.00 1,800,415.05 1,884.92 0.00 0.00 0.00
30-B-5 1,265,000.00 1,261,088.06 1,320.28 0.00 0.00 0.00
30-B-6 1,445,049.00 1,440,580.30 1,508.18 0.00 0.00 0.00
30-B-IO 0.00 0.00 0.00 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 478,549,015.00 469,928,768.89 807,754.19 3,706,743.52 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1-A-1 1,781,670.45 171,705,838.52 0.96919695 1,781,670.45
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 748,204.04 93,461,446.97 0.98108864 748,204.04
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 881,445.98 43,551,232.52 0.95141961 881,445.98
3-A-2 0.00 7,225,833.00 1.00000000 0.00
3-A-3 0.00 314,167.00 1.00000000 0.00
3-IO 0.00 0.00 0.00000000 0.00
4-A-1 901,852.05 92,340,875.34 0.96749762 901,852.05
4-A-2 0.00 16,985,000.00 1.00000000 0.00
4-IO 0.00 0.00 0.00000000 0.00
PO 174,509.80 20,917,588.30 0.97922861 174,509.80
4-B-1 5,706.46 1,502,347.10 0.98514564 5,706.46
4-B-2 879.36 231,509.23 0.98514566 879.36
4-B-3 1,317.16 346,771.27 0.98514565 1,317.16
4-B-4 658.58 173,385.63 0.98514562 658.58
4-B-5 658.58 173,385.63 0.98514562 658.58
4-B-6 439.95 115,827.52 0.98514570 439.95
30-B-1 7,163.94 6,835,609.56 0.99586386 7,163.94
30-B-2 3,393.06 3,237,553.42 0.99586386 3,393.06
30-B-3 1,884.92 1,798,530.14 0.99586386 1,884.92
30-B-4 1,884.92 1,798,530.14 0.99586386 1,884.92
30-B-5 1,320.28 1,259,767.79 0.99586387 1,320.28
30-B-6 1,508.18 1,439,072.12 0.99586389 1,508.18
30-B-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 4,514,497.71 465,414,271.20 0.97255298 4,514,497.71
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>
1-A-1 177,163,000.00 979.25361938 1.03294904 9.02372448 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 95,263,000.00 988.94272708 1.02396271 6.83012586 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 45,775,000.00 970.67566379 1.18179268 18.07426368 0.00000000
3-A-2 7,225,833.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-3 314,167.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 95,443,000.00 976.94673669 4.37015664 5.07896011 0.00000000
4-A-2 16,985,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
4-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
PO 21,361,292.00 987.39805158 1.36673709 6.80270323 0.00000000
4-B-1 1,525,000.00 988.88758689 3.74194098 0.00000000 0.00000000
4-B-2 235,000.00 988.88757447 3.74195745 0.00000000 0.00000000
4-B-3 352,000.00 988.88758523 3.74193182 0.00000000 0.00000000
4-B-4 176,000.00 988.88755682 3.74193182 0.00000000 0.00000000
4-B-5 176,000.00 988.88755682 3.74193182 0.00000000 0.00000000
4-B-6 117,574.00 988.88759420 3.74189872 0.00000000 0.00000000
30-B-1 6,864,000.00 996.90756119 1.04369755 0.00000000 0.00000000
30-B-2 3,251,000.00 996.90756075 1.04369732 0.00000000 0.00000000
30-B-3 1,806,000.00 996.90755814 1.04369878 0.00000000 0.00000000
30-B-4 1,806,000.00 996.90755814 1.04369878 0.00000000 0.00000000
30-B-5 1,265,000.00 996.90755731 1.04369960 0.00000000 0.00000000
30-B-6 1,445,049.00 996.90757891 1.04368779 0.00000000 0.00000000
30-B-IO 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>
1-A-1 0.00000000 10.05667352 969.19694586 0.96919695 10.05667352
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 7.85408858 981.08863851 0.98108864 7.85408858
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 19.25605636 951.41960721 0.95141961 19.25605636
3-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 0.00000000 9.44911675 967.49761994 0.96749762 9.44911675
4-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
4-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
PO 0.00000000 8.16944031 979.22861127 0.97922861 8.16944031
4-B-1 0.00000000 3.74194098 985.14563934 0.98514564 3.74194098
4-B-2 0.00000000 3.74195745 985.14565957 0.98514566 3.74195745
4-B-3 0.00000000 3.74193182 985.14565341 0.98514565 3.74193182
4-B-4 0.00000000 3.74193182 985.14562500 0.98514562 3.74193182
4-B-5 0.00000000 3.74193182 985.14562500 0.98514562 3.74193182
4-B-6 0.00000000 3.74189872 985.14569548 0.98514570 3.74189872
30-B-1 0.00000000 1.04369755 995.86386364 0.99586386 1.04369755
30-B-2 0.00000000 1.04369732 995.86386343 0.99586386 1.04369732
30-B-3 0.00000000 1.04369878 995.86386489 0.99586386 1.04369878
30-B-4 0.00000000 1.04369878 995.86386489 0.99586386 1.04369878
30-B-5 0.00000000 1.04369960 995.86386561 0.99586387 1.04369960
30-B-6 0.00000000 1.04368779 995.86389112 0.99586389 1.04368779
30-B-IO 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>
1-A-1 177,163,000.00 6.00000% 173,487,508.97 867,437.54 0.00 0.00
1-A-R 50.00 6.00000% 0.00 0.00 0.00 0.00
1-A-LR 50.00 6.00000% 0.00 0.00 0.00 0.00
2-A-1 95,263,000.00 6.00000% 94,209,651.01 471,048.26 0.00 0.00
CB-IO 0.00 0.26220% 8,965,380.38 1,958.95 0.00 0.00
3-A-1 45,775,000.00 5.75000% 44,432,678.51 212,906.58 0.00 0.00
3-A-2 7,225,833.00 6.00000% 7,225,833.00 36,129.17 0.00 0.00
3-A-3 314,167.00 0.00000% 314,167.00 0.00 0.00 0.00
3-IO 0.00 0.33193% 10,357,732.19 2,865.02 0.00 0.00
4-A-1 95,443,000.00 5.00000% 93,242,727.39 388,511.36 0.00 0.00
4-A-2 16,985,000.00 5.00000% 16,985,000.00 70,770.83 0.00 0.00
4-IO 0.00 0.24276% 61,338,404.60 12,408.56 0.00 0.00
PO 21,361,292.00 0.00000% 21,092,098.10 0.00 0.00 0.00
4-B-1 1,525,000.00 5.00000% 1,508,053.57 6,283.56 0.00 0.00
4-B-2 235,000.00 5.00000% 232,388.58 968.29 0.00 0.00
4-B-3 352,000.00 5.00000% 348,088.43 1,450.37 0.00 0.00
4-B-4 176,000.00 5.00000% 174,044.21 725.18 0.00 0.00
4-B-5 176,000.00 5.00000% 174,044.21 725.18 0.00 0.00
4-B-6 117,574.00 5.00000% 116,267.47 484.45 0.00 0.00
30-B-1 6,864,000.00 5.75000% 6,842,773.50 32,788.29 0.00 0.00
30-B-2 3,251,000.00 5.75000% 3,240,946.48 15,529.54 0.00 0.00
30-B-3 1,806,000.00 5.75000% 1,800,415.05 8,626.99 0.00 0.00
30-B-4 1,806,000.00 5.75000% 1,800,415.05 8,626.99 0.00 0.00
30-B-5 1,265,000.00 5.75000% 1,261,088.06 6,042.71 0.00 0.00
30-B-6 1,445,049.00 5.75000% 1,440,580.30 6,902.78 0.00 0.00
30-B-IO 0.00 0.25000% 13,790,626.79 2,873.05 0.00 0.00
SES 0.00 0.00000% 469,928,769.15 0.00 0.00 0.00
Totals 478,549,015.00 2,156,063.65 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>
1-A-1 0.05 0.00 867,437.49 0.00 171,705,838.52
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 0.03 0.00 471,048.23 0.00 93,461,446.97
CB-IO 0.00 0.00 1,958.95 0.00 8,833,787.70
3-A-1 0.01 0.00 212,906.57 0.00 43,551,232.52
3-A-2 0.00 0.00 36,129.16 0.00 7,225,833.00
3-A-3 0.00 0.00 0.00 0.00 314,167.00
3-IO 0.00 0.00 2,865.02 0.00 9,995,927.57
4-A-1 0.03 0.00 388,511.33 0.00 92,340,875.34
4-A-2 0.01 0.00 70,770.83 0.00 16,985,000.00
4-IO 0.00 0.00 12,408.56 0.00 60,732,041.01
PO 0.00 0.00 0.00 0.00 20,917,588.30
4-B-1 0.00 0.00 6,283.56 0.00 1,502,347.10
4-B-2 0.00 0.00 968.29 0.00 231,509.23
4-B-3 0.00 0.00 1,450.37 0.00 346,771.27
4-B-4 0.00 0.00 725.18 0.00 173,385.63
4-B-5 0.00 0.00 725.18 0.00 173,385.63
4-B-6 0.00 0.00 484.45 0.00 115,827.52
30-B-1 0.00 0.00 32,788.29 0.00 6,835,609.56
30-B-2 0.00 0.00 15,529.53 0.00 3,237,553.42
30-B-3 0.00 0.00 8,626.99 0.00 1,798,530.14
30-B-4 0.00 0.00 8,626.99 0.00 1,798,530.14
30-B-5 0.00 0.00 6,042.71 0.00 1,259,767.79
30-B-6 0.00 0.00 6,902.78 0.00 1,439,072.12
30-B-IO 0.00 0.00 2,873.05 0.00 13,776,173.14
SES 0.00 0.00 83,380.33 0.00 465,414,271.41
Totals 0.13 0.00 2,239,443.84 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>
1-A-1 177,163,000.00 6.00000% 979.25361938 4.89626807 0.00000000 0.00000000
1-A-R 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 95,263,000.00 6.00000% 988.94272708 4.94471369 0.00000000 0.00000000
CB-IO 0.00 0.26220% 913.43355820 0.19958670 0.00000000 0.00000000
3-A-1 45,775,000.00 5.75000% 970.67566379 4.65115412 0.00000000 0.00000000
3-A-2 7,225,833.00 6.00000% 1000.00000000 5.00000069 0.00000000 0.00000000
3-A-3 314,167.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.33193% 957.96101540 0.26497861 0.00000000 0.00000000
4-A-1 95,443,000.00 5.00000% 976.94673669 4.07061136 0.00000000 0.00000000
4-A-2 16,985,000.00 5.00000% 1000.00000000 4.16666647 0.00000000 0.00000000
4-IO 0.00 0.24276% 979.59937783 0.19816977 0.00000000 0.00000000
PO 21,361,292.00 0.00000% 987.39805158 0.00000000 0.00000000 0.00000000
4-B-1 1,525,000.00 5.00000% 988.88758689 4.12036721 0.00000000 0.00000000
4-B-2 235,000.00 5.00000% 988.88757447 4.12038298 0.00000000 0.00000000
4-B-3 352,000.00 5.00000% 988.88758523 4.12036932 0.00000000 0.00000000
4-B-4 176,000.00 5.00000% 988.88755682 4.12034091 0.00000000 0.00000000
4-B-5 176,000.00 5.00000% 988.88755682 4.12034091 0.00000000 0.00000000
4-B-6 117,574.00 5.00000% 988.88759420 4.12038376 0.00000000 0.00000000
30-B-1 6,864,000.00 5.75000% 996.90756119 4.77684878 0.00000000 0.00000000
30-B-2 3,251,000.00 5.75000% 996.90756075 4.77685020 0.00000000 0.00000000
30-B-3 1,806,000.00 5.75000% 996.90755814 4.77684939 0.00000000 0.00000000
30-B-4 1,806,000.00 5.75000% 996.90755814 4.77684939 0.00000000 0.00000000
30-B-5 1,265,000.00 5.75000% 996.90755731 4.77684585 0.00000000 0.00000000
30-B-6 1,445,049.00 5.75000% 996.90757891 4.77684840 0.00000000 0.00000000
30-B-IO 0.00 0.25000% 996.90363587 0.20768846 0.00000000 0.00000000
SES 0.00 0.00000% 981.98670179 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>
1-A-1 0.00000028 0.00000000 4.89626779 0.00000000 969.19694586
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000031 0.00000000 4.94471337 0.00000000 981.08863851
CB-IO 0.00000000 0.00000000 0.19958670 0.00000000 900.02629996
3-A-1 0.00000022 0.00000000 4.65115390 0.00000000 951.41960721
3-A-2 0.00000000 0.00000000 4.99999931 0.00000000 1000.00000000
3-A-3 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
3-IO 0.00000000 0.00000000 0.26497861 0.00000000 924.49860154
4-A-1 0.00000031 0.00000000 4.07061105 0.00000000 967.49761994
4-A-2 0.00000059 0.00000000 4.16666647 0.00000000 1000.00000000
4-IO 0.00000000 0.00000000 0.19816977 0.00000000 969.91550360
PO 0.00000000 0.00000000 0.00000000 0.00000000 979.22861127
4-B-1 0.00000000 0.00000000 4.12036721 0.00000000 985.14563934
4-B-2 0.00000000 0.00000000 4.12038298 0.00000000 985.14565957
4-B-3 0.00000000 0.00000000 4.12036932 0.00000000 985.14565341
4-B-4 0.00000000 0.00000000 4.12034091 0.00000000 985.14562500
4-B-5 0.00000000 0.00000000 4.12034091 0.00000000 985.14562500
4-B-6 0.00000000 0.00000000 4.12038376 0.00000000 985.14569548
30-B-1 0.00000000 0.00000000 4.77684878 0.00000000 995.86386364
30-B-2 0.00000000 0.00000000 4.77684712 0.00000000 995.86386343
30-B-3 0.00000000 0.00000000 4.77684939 0.00000000 995.86386489
30-B-4 0.00000000 0.00000000 4.77684939 0.00000000 995.86386489
30-B-5 0.00000000 0.00000000 4.77684585 0.00000000 995.86386561
30-B-6 0.00000000 0.00000000 4.77684840 0.00000000 995.86389112
30-B-IO 0.00000000 0.00000000 0.20768846 0.00000000 995.85880329
SES 0.00000000 0.00000000 0.17423572 0.00000000 972.55298111
<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>
1-IO 0.30086% 4,628,157.49 4,623,001.35 0.00 0.00 88.91724732%
2-IO 0.22095% 4,337,222.89 4,210,786.35 0.00 0.00 91.22519651%
1-PO 0.00000% 0.00 0.00 11,930,885.75 11,848,706.42 97.90358047%
2-PO 0.00000% 0.00 0.00 5,622,171.90 5,581,753.75 98.65137079%
3-PO 0.00000% 0.00 0.00 1,279,471.23 1,244,304.24 96.17661872%
4-PO 0.00000% 0.00 0.00 2,259,569.22 2,242,823.89 97.21659938%
30-B-IO-1 0.25000% 8,994,125.94 8,984,638.64 0.00 0.00 99.58298256%
30-B-IO-2 0.25000% 4,796,500.85 4,791,534.50 0.00 0.00 99.59131440%
1-SES 0.00000% 194,412,520.66 192,539,183.57 0.00 0.00 97.10087869%
2-SES 0.00000% 104,628,323.76 103,834,735.22 0.00 0.00 98.20535189%
3-SES 0.00000% 55,847,741.52 54,928,426.89 0.00 0.00 96.00797436%
4-SES 0.00000% 115,040,183.21 114,111,925.73 0.00 0.00 97.26834390%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 6,775,675.77
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 6,775,675.77
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 21,734.22
Payment of Interest and Principal 6,753,941.55
Total Withdrawals (Pool Distribution Amount) 6,775,675.77
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 19,580.37
Trustee Fee - Wells Fargo Bank, N.A. 2,153.85
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 21,734.22
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
254,724.01 0.00 0.00 254,724.01
30 Days 14 0 0 0 14
1,622,125.13 0.00 0.00 0.00 1,622,125.13
60 Days 1 0 0 0 1
169,383.66 0.00 0.00 0.00 169,383.66
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 15 1 0 0 16
1,791,508.79 254,724.01 0.00 0.00 2,046,232.80
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 0.032362% 0.000000% 0.000000% 0.032362%
0.054655% 0.000000% 0.000000% 0.054655%
30 Days 0.453074% 0.000000% 0.000000% 0.000000% 0.453074%
0.348050% 0.000000% 0.000000% 0.000000% 0.348050%
60 Days 0.032362% 0.000000% 0.000000% 0.000000% 0.032362%
0.036344% 0.000000% 0.000000% 0.000000% 0.036344%
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 0.485437% 0.032362% 0.000000% 0.000000% 0.517799%
0.384394% 0.054655% 0.000000% 0.000000% 0.439048%
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 8 0 0 0 8
598,290.62 0.00 0.00 0.00 598,290.62
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 8 0 0 0 8
598,290.62 0.00 0.00 0.00 598,290.62
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.566171% 0.000000% 0.000000% 0.000000% 0.566171%
0.310471% 0.000000% 0.000000% 0.000000% 0.310471%
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 0.566171% 0.000000% 0.000000% 0.000000% 0.566171%
0.310471% 0.000000% 0.000000% 0.000000% 0.310471%
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
254,724.01 0.00 0.00 254,724.01
30 Days 4 0 0 0 4
649,831.66 0.00 0.00 0.00 649,831.66
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 4 1 0 0 5
649,831.66 254,724.01 0.00 0.00 904,555.67
0-29 Days 0.150376% 0.000000% 0.000000% 0.150376%
0.245125% 0.000000% 0.000000% 0.245125%
30 Days 0.601504% 0.000000% 0.000000% 0.000000% 0.601504%
0.625343% 0.000000% 0.000000% 0.000000% 0.625343%
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 0.601504% 0.150376% 0.000000% 0.000000% 0.751880%
0.625343% 0.245125% 0.000000% 0.000000% 0.870468%
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 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%
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 2 0 0 0 2
374,002.85 0.00 0.00 0.00 374,002.85
60 Days 1 0 0 0 1
169,383.66 0.00 0.00 0.00 169,383.66
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 0 0 0 3
543,386.51 0.00 0.00 0.00 543,386.51
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.221729% 0.000000% 0.000000% 0.000000% 0.221729%
0.326741% 0.000000% 0.000000% 0.000000% 0.326741%
60 Days 0.110865% 0.000000% 0.000000% 0.000000% 0.110865%
0.147979% 0.000000% 0.000000% 0.000000% 0.147979%
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 0.332594% 0.000000% 0.000000% 0.000000% 0.332594%
0.474720% 0.000000% 0.000000% 0.000000% 0.474720%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 11,625.15
COLLATERAL STATEMENT
Collateral Description Fixed
Weighted Average Gross Coupon 5.761178%
Weighted Average Net Coupon 5.511177%
Weighted Average Pass-Through Rate 5.505678%
Weighted Average Maturity(Stepdown Calculation ) 354
Beginning Scheduled Collateral Loan Count 3,113
Number Of Loans Paid In Full 23
Ending Scheduled Collateral Loan Count 3,090
Beginning Scheduled Collateral Balance 469,928,769.15
Ending Scheduled Collateral Balance 465,414,271.41
Ending Actual Collateral Balance at 31-Aug-2004 466,060,950.74
Monthly P &I Constant 3,063,873.42
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 465,414,271.41
Scheduled Principal 807,754.21
Unscheduled Principal 3,706,743.53
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 15 Year
Weighted Average Coupon Rate 5.894449 5.942250 5.935328
Weighted Average Net Rate 5.644449 5.692250 5.685328
Weighted Average Maturity 355 354 354
Beginning Loan Count 1,428 668 111
Loans Paid In Full 15 3 1
Ending Loan Count 1,413 665 110
Beginning Scheduled Balance 194,412,520.66 104,628,323.76 55,847,741.52
Ending scheduled Balance 192,539,183.57 103,834,735.22 54,928,426.89
Record Date 08/31/2004 08/31/2004 08/31/2004
Principal And Interest Constant 1,160,360.65 626,557.19 334,429.55
Scheduled Principal 205,398.48 108,450.78 58,200.66
Unscheduled Principal 1,667,938.61 685,137.76 861,113.97
Scheduled Interest 954,962.17 518,106.41 276,228.89
Servicing Fees 40,502.61 21,797.58 11,634.95
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 891.06 479.54 255.98
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 913,568.50 495,829.29 264,337.96
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 5.638949 5.686750 5.679828
Group Level Collateral Statement
Group 4 Total
Collateral Description Mixed ARM Fixed
Weighted Average Coupon Rate 5.286727 5.761178
Weighted Average Net Rate 5.036727 5.511177
Weighted Average Maturity 354 354
Beginning Loan Count 906 3,113
Loans Paid In Full 4 23
Ending Loan Count 902 3,090
Beginning Scheduled Balance 115,040,183.21 469,928,769.15
Ending scheduled Balance 114,111,925.73 465,414,271.41
Record Date 08/31/2004 08/31/2004
Principal And Interest Constant 942,526.03 3,063,873.42
Scheduled Principal 435,704.29 807,754.21
Unscheduled Principal 492,553.19 3,706,743.53
Scheduled Interest 506,821.74 2,256,119.21
Servicing Fees 23,966.71 97,901.85
Master Servicing Fees 0.00 0.00
Trustee Fee 527.27 2,153.85
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
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 482,327.76 2,156,063.51
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 5.031227 5.505678
Miscellaneous Reporting
Group 1
CPR 9.832988%
Subordinate Percenatge 4.928784%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.071216%
Group 2
CPR 7.588624%
Subordinate Percenatge 4.844648%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.155352%
Group 3
CPR 17.027822%
Subordinate Percenatge 4.756594%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.243406%
Miscellaneous Reporting
Group 4
CPR 5.037241%
Subordinate Percenatge 2.263586%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.736414%