UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 27, 2004
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2003-7 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-09 54-2123764
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On September 27, 2004 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-7
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2003-7 Trust, relating to the
September 27, 2004 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2003-7 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: 9/27/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2003-7 Trust,
relating to the September 27, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 8/31/2004
Distribution Date: 9/27/2004
BAA Series: 2003-7
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-CB-1 05948KEJ4 SEN 5.50000% 88,561,171.58 405,905.38 1,006,055.16
1-CB-WIO 05948KEK1 SEN 0.31124% 0.00 12,914.86 0.00
1-AR 05948KEU9 SEN 5.50000% 0.00 0.12 0.00
1-A-1 05948KEL9 SEN 5.50000% 99,447,883.01 455,802.81 1,938,904.26
1-A-2 05948KEM7 SEN 5.50000% 26,298,000.00 120,532.50 0.00
1-A-3 05948KEN5 SEN 5.50000% 1,311,000.00 6,008.75 0.00
1-A-4 05948KEP0 SEN 5.50000% 113,296,883.01 519,277.40 1,938,904.26
1-A-5 05948KEQ8 SEN 0.00000% 598,261.00 0.00 0.00
1-A-6 05948KFS3 SEN 5.75000% 3,287,000.00 15,750.21 0.00
1-A-7 05948KER6 SEN 5.75000% 1,250,000.00 5,989.58 0.00
1-A-8 05948KES4 SEN 5.75000% 2,975,000.00 14,255.21 0.00
1-A-9 05948KET2 SEN 5.75000% 5,649,739.00 27,071.67 0.00
1-A-WIO 05948KEV7 SEN 0.31625% 0.00 36,559.74 0.00
2-A-1 05948KEW5 SEN 5.00000% 47,709,581.82 198,789.93 1,124,607.96
2-A-2 05948KEX3 SEN 5.00000% 55,222,581.82 230,094.10 1,124,607.96
2-A-3 05948KEY1 SEN 5.00000% 24,873,000.00 103,637.50 0.00
2-A-4 05948KEZ8 SEN 5.00000% 63,903,445.98 266,264.37 1,124,623.17
2-A-WIO 05948KFA2 SEN 0.34386% 0.00 32,080.19 0.00
A-PO 05948KFB0 PO 0.00000% 11,362,110.99 0.00 137,506.41
1-B-1 05948KFC8 SUB 5.50000% 8,830,030.31 40,470.97 10,165.65
1-B-2 05948KFD6 SUB 5.50000% 4,107,770.93 18,827.28 4,729.11
1-B-3 05948KFE4 SUB 5.50000% 2,053,589.40 9,412.29 2,364.21
1-B-4 05948KFL8 SUB 5.50000% 2,053,194.65 9,410.48 2,363.76
1-B-5 05948KFM6 SUB 5.50000% 1,438,015.40 6,590.90 1,655.53
1-B-6 05948KFN4 SUB 5.50000% 1,643,034.36 7,530.57 1,891.56
2-B-1 05948KFF1 SUB 5.00000% 2,209,688.71 9,207.04 9,529.42
2-B-2 05948KFG9 SUB 5.00000% 773,391.05 3,222.46 3,335.30
2-B-3 05948KFH7 SUB 5.00000% 773,391.05 3,222.46 3,335.30
2-B-4 05948KFP9 SUB 5.00000% 441,937.74 1,841.41 1,905.88
2-B-5 05948KFQ7 SUB 5.00000% 220,968.87 920.70 952.94
2-B-6 05948KFR5 SUB 5.00000% 331,628.60 1,381.79 1,430.17
SES 05948KFU8 SEN 0.00000% 0.00 100,657.64 0.00
Totals 570,622,299.28 2,663,630.31 8,438,868.01
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 0.00 87,555,116.42 1,411,960.54 0.00
1-CB-WIO 0.00 0.00 12,914.86 0.00
1-AR 0.00 0.00 0.12 0.00
1-A-1 0.00 97,508,978.75 2,394,707.07 0.00
1-A-2 0.00 26,298,000.00 120,532.50 0.00
1-A-3 0.00 1,311,000.00 6,008.75 0.00
1-A-4 0.00 111,357,978.75 2,458,181.66 0.00
1-A-5 0.00 598,261.00 0.00 0.00
1-A-6 0.00 3,287,000.00 15,750.21 0.00
1-A-7 0.00 1,250,000.00 5,989.58 0.00
1-A-8 0.00 2,975,000.00 14,255.21 0.00
1-A-9 0.00 5,649,739.00 27,071.67 0.00
1-A-WIO 0.00 0.00 36,559.74 0.00
2-A-1 0.00 46,584,973.85 1,323,397.89 0.00
2-A-2 0.00 54,097,973.85 1,354,702.06 0.00
2-A-3 0.00 24,873,000.00 103,637.50 0.00
2-A-4 0.00 62,778,822.81 1,390,887.54 0.00
2-A-WIO 0.00 0.00 32,080.19 0.00
A-PO 0.00 11,224,604.58 137,506.41 0.00
1-B-1 0.00 8,819,864.66 50,636.62 0.00
1-B-2 0.00 4,103,041.83 23,556.39 0.00
1-B-3 0.00 2,051,225.19 11,776.50 0.00
1-B-4 0.00 2,050,830.89 11,774.24 0.00
1-B-5 0.00 1,436,359.87 8,246.43 0.00
1-B-6 0.00 1,641,142.80 9,422.13 0.00
2-B-1 0.00 2,200,159.29 18,736.46 0.00
2-B-2 0.00 770,055.75 6,557.76 0.00
2-B-3 0.00 770,055.75 6,557.76 0.00
2-B-4 0.00 440,031.86 3,747.29 0.00
2-B-5 0.00 220,015.93 1,873.64 0.00
2-B-6 0.00 330,198.43 2,811.96 0.00
SES 0.00 0.00 100,657.64 0.00
Totals 0.00 562,183,431.26 11,102,498.32 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-CB-1 100,000,000.00 88,561,171.58 102,336.31 903,718.86 0.00 0.00
1-CB-WIO 0.00 0.00 0.00 0.00 0.00 0.00
1-AR 100.00 0.00 0.00 0.00 0.00 0.00
1-A-1 116,638,000.00 99,447,883.01 146,086.61 1,792,817.65 0.00 0.00
1-A-2 26,298,000.00 26,298,000.00 0.00 0.00 0.00 0.00
1-A-3 1,311,000.00 1,311,000.00 0.00 0.00 0.00 0.00
1-A-4 130,487,000.00 113,296,883.01 146,086.61 1,792,817.65 0.00 0.00
1-A-5 598,261.00 598,261.00 0.00 0.00 0.00 0.00
1-A-6 3,287,000.00 3,287,000.00 0.00 0.00 0.00 0.00
1-A-7 1,250,000.00 1,250,000.00 0.00 0.00 0.00 0.00
1-A-8 2,975,000.00 2,975,000.00 0.00 0.00 0.00 0.00
1-A-9 5,649,739.00 5,649,739.00 0.00 0.00 0.00 0.00
1-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00
2-A-1 57,754,000.00 47,709,581.82 275,582.27 849,025.69 0.00 0.00
2-A-2 65,267,000.00 55,222,581.82 275,582.27 849,025.69 0.00 0.00
2-A-3 24,873,000.00 24,873,000.00 0.00 0.00 0.00 0.00
2-A-4 73,948,000.00 63,903,445.98 275,586.00 849,037.17 0.00 0.00
2-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00
A-PO 12,413,176.11 11,362,110.99 29,350.35 108,156.05 0.00 0.00
1-B-1 8,947,439.00 8,830,030.31 10,165.65 0.00 0.00 0.00
1-B-2 4,162,390.00 4,107,770.93 4,729.11 0.00 0.00 0.00
1-B-3 2,080,895.00 2,053,589.40 2,364.21 0.00 0.00 0.00
1-B-4 2,080,495.00 2,053,194.65 2,363.76 0.00 0.00 0.00
1-B-5 1,457,136.00 1,438,015.40 1,655.53 0.00 0.00 0.00
1-B-6 1,664,881.00 1,643,034.36 1,891.56 0.00 0.00 0.00
2-B-1 2,319,440.00 2,209,688.71 9,529.42 0.00 0.00 0.00
2-B-2 811,804.00 773,391.05 3,335.30 0.00 0.00 0.00
2-B-3 811,804.00 773,391.05 3,335.30 0.00 0.00 0.00
2-B-4 463,888.00 441,937.74 1,905.88 0.00 0.00 0.00
2-B-5 231,944.00 220,968.87 952.94 0.00 0.00 0.00
2-B-6 348,100.00 331,628.60 1,430.17 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 648,129,492.11 570,622,299.28 1,294,269.25 7,144,598.76 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-CB-1 1,006,055.16 87,555,116.42 0.87555116 1,006,055.16
1-CB-WIO 0.00 0.00 0.00000000 0.00
1-AR 0.00 0.00 0.00000000 0.00
1-A-1 1,938,904.26 97,508,978.75 0.83599666 1,938,904.26
1-A-2 0.00 26,298,000.00 1.00000000 0.00
1-A-3 0.00 1,311,000.00 1.00000000 0.00
1-A-4 1,938,904.26 111,357,978.75 0.85340286 1,938,904.26
1-A-5 0.00 598,261.00 1.00000000 0.00
1-A-6 0.00 3,287,000.00 1.00000000 0.00
1-A-7 0.00 1,250,000.00 1.00000000 0.00
1-A-8 0.00 2,975,000.00 1.00000000 0.00
1-A-9 0.00 5,649,739.00 1.00000000 0.00
1-A-WIO 0.00 0.00 0.00000000 0.00
2-A-1 1,124,607.96 46,584,973.85 0.80661034 1,124,607.96
2-A-2 1,124,607.96 54,097,973.85 0.82887177 1,124,607.96
2-A-3 0.00 24,873,000.00 1.00000000 0.00
2-A-4 1,124,623.17 62,778,822.81 0.84895904 1,124,623.17
2-A-WIO 0.00 0.00 0.00000000 0.00
A-PO 137,506.41 11,224,604.58 0.90424920 137,506.41
1-B-1 10,165.65 8,819,864.66 0.98574180 10,165.65
1-B-2 4,729.11 4,103,041.83 0.98574180 4,729.11
1-B-3 2,364.21 2,051,225.19 0.98574180 2,364.21
1-B-4 2,363.76 2,050,830.89 0.98574180 2,363.76
1-B-5 1,655.53 1,436,359.87 0.98574180 1,655.53
1-B-6 1,891.56 1,641,142.80 0.98574180 1,891.56
2-B-1 9,529.42 2,200,159.29 0.94857349 9,529.42
2-B-2 3,335.30 770,055.75 0.94857349 3,335.30
2-B-3 3,335.30 770,055.75 0.94857349 3,335.30
2-B-4 1,905.88 440,031.86 0.94857349 1,905.88
2-B-5 952.94 220,015.93 0.94857349 952.94
2-B-6 1,430.17 330,198.43 0.94857348 1,430.17
SES 0.00 0.00 0.00000000 0.00
Totals 8,438,868.01 562,183,431.26 0.86739369 8,438,868.01
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-CB-1 100,000,000.00 885.61171580 1.02336310 9.03718860 0.00000000
1-CB-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-1 116,638,000.00 852.61992670 1.25247869 15.37078525 0.00000000
1-A-2 26,298,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-3 1,311,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-4 130,487,000.00 868.26184225 1.11954915 13.73943496 0.00000000
1-A-5 598,261.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-6 3,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-7 1,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-8 2,975,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-9 5,649,739.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 57,754,000.00 826.08272708 4.77165685 14.70072532 0.00000000
2-A-2 65,267,000.00 846.10265249 4.22238298 13.00849878 0.00000000
2-A-3 24,873,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-4 73,948,000.00 864.16733353 3.72675394 11.48154338 0.00000000
2-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 12,413,176.11 915.32665688 2.36445127 8.71300375 0.00000000
1-B-1 8,947,439.00 986.87795580 1.13615192 0.00000000 0.00000000
1-B-2 4,162,390.00 986.87795473 1.13615255 0.00000000 0.00000000
1-B-3 2,080,895.00 986.87795396 1.13615055 0.00000000 0.00000000
1-B-4 2,080,495.00 986.87795453 1.13615269 0.00000000 0.00000000
1-B-5 1,457,136.00 986.87795786 1.13615339 0.00000000 0.00000000
1-B-6 1,664,881.00 986.87795704 1.13615327 0.00000000 0.00000000
2-B-1 2,319,440.00 952.68198789 4.10850033 0.00000000 0.00000000
2-B-2 811,804.00 952.68198974 4.10850402 0.00000000 0.00000000
2-B-3 811,804.00 952.68198974 4.10850402 0.00000000 0.00000000
2-B-4 463,888.00 952.68198358 4.10849170 0.00000000 0.00000000
2-B-5 231,944.00 952.68198358 4.10849170 0.00000000 0.00000000
2-B-6 348,100.00 952.68198793 4.10850330 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-CB-1 0.00000000 10.06055160 875.55116420 0.87555116 10.06055160
1-CB-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-1 0.00000000 16.62326394 835.99666275 0.83599666 16.62326394
1-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-4 0.00000000 14.85898411 853.40285814 0.85340286 14.85898411
1-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 19.47238217 806.61034474 0.80661034 19.47238217
2-A-2 0.00000000 17.23088176 828.87177057 0.82887177 17.23088176
2-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-4 0.00000000 15.20829732 848.95903621 0.84895904 15.20829732
2-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 0.00000000 11.07745582 904.24920105 0.90424920 11.07745582
1-B-1 0.00000000 1.13615192 985.74180388 0.98574180 1.13615192
1-B-2 0.00000000 1.13615255 985.74180459 0.98574180 1.13615255
1-B-3 0.00000000 1.13615055 985.74180341 0.98574180 1.13615055
1-B-4 0.00000000 1.13615269 985.74180183 0.98574180 1.13615269
1-B-5 0.00000000 1.13615339 985.74180447 0.98574180 1.13615339
1-B-6 0.00000000 1.13615327 985.74180377 0.98574180 1.13615327
2-B-1 0.00000000 4.10850033 948.57348757 0.94857349 4.10850033
2-B-2 0.00000000 4.10850402 948.57348572 0.94857349 4.10850402
2-B-3 0.00000000 4.10850402 948.57348572 0.94857349 4.10850402
2-B-4 0.00000000 4.10849170 948.57349188 0.94857349 4.10849170
2-B-5 0.00000000 4.10849170 948.57349188 0.94857349 4.10849170
2-B-6 0.00000000 4.10850330 948.57348463 0.94857348 4.10850330
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-CB-1 100,000,000.00 5.50000% 88,561,171.58 405,905.37 0.00 0.00
1-CB-WIO 0.00 0.31124% 49,794,426.54 12,914.86 0.00 0.00
1-AR 100.00 5.50000% 0.00 0.00 0.00 0.00
1-A-1 116,638,000.00 5.50000% 99,447,883.01 455,802.80 0.00 0.00
1-A-2 26,298,000.00 5.50000% 26,298,000.00 120,532.50 0.00 0.00
1-A-3 1,311,000.00 5.50000% 1,311,000.00 6,008.75 0.00 0.00
1-A-4 130,487,000.00 5.50000% 113,296,883.01 519,277.38 0.00 0.00
1-A-5 598,261.00 0.00000% 598,261.00 0.00 0.00 0.00
1-A-6 3,287,000.00 5.75000% 3,287,000.00 15,750.21 0.00 0.00
1-A-7 1,250,000.00 5.75000% 1,250,000.00 5,989.58 0.00 0.00
1-A-8 2,975,000.00 5.75000% 2,975,000.00 14,255.21 0.00 0.00
1-A-9 5,649,739.00 5.75000% 5,649,739.00 27,071.67 0.00 0.00
1-A-WIO 0.00 0.31625% 138,724,143.99 36,559.74 0.00 0.00
2-A-1 57,754,000.00 5.00000% 47,709,581.82 198,789.92 0.00 0.00
2-A-2 65,267,000.00 5.00000% 55,222,581.82 230,094.09 0.00 0.00
2-A-3 24,873,000.00 5.00000% 24,873,000.00 103,637.50 0.00 0.00
2-A-4 73,948,000.00 5.00000% 63,903,445.98 266,264.36 0.00 0.00
2-A-WIO 0.00 0.34386% 111,954,527.87 32,080.19 0.00 0.00
A-PO 12,413,176.11 0.00000% 11,362,110.99 0.00 0.00 0.00
1-B-1 8,947,439.00 5.50000% 8,830,030.31 40,470.97 0.00 0.00
1-B-2 4,162,390.00 5.50000% 4,107,770.93 18,827.28 0.00 0.00
1-B-3 2,080,895.00 5.50000% 2,053,589.40 9,412.28 0.00 0.00
1-B-4 2,080,495.00 5.50000% 2,053,194.65 9,410.48 0.00 0.00
1-B-5 1,457,136.00 5.50000% 1,438,015.40 6,590.90 0.00 0.00
1-B-6 1,664,881.00 5.50000% 1,643,034.36 7,530.57 0.00 0.00
2-B-1 2,319,440.00 5.00000% 2,209,688.71 9,207.04 0.00 0.00
2-B-2 811,804.00 5.00000% 773,391.05 3,222.46 0.00 0.00
2-B-3 811,804.00 5.00000% 773,391.05 3,222.46 0.00 0.00
2-B-4 463,888.00 5.00000% 441,937.74 1,841.41 0.00 0.00
2-B-5 231,944.00 5.00000% 220,968.87 920.70 0.00 0.00
2-B-6 348,100.00 5.00000% 331,628.60 1,381.79 0.00 0.00
SES 0.00 0.00000% 570,622,300.24 0.00 0.00 0.00
Totals 648,129,492.11 2,562,972.47 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-CB-1 (0.01) 0.00 405,905.38 0.00 87,555,116.42
1-CB-WIO 0.00 0.00 12,914.86 0.00 49,444,108.04
1-AR 0.00 0.00 0.12 0.00 0.00
1-A-1 (0.01) 0.00 455,802.81 0.00 97,508,978.75
1-A-2 0.00 0.00 120,532.50 0.00 26,298,000.00
1-A-3 0.00 0.00 6,008.75 0.00 1,311,000.00
1-A-4 (0.02) 0.00 519,277.40 0.00 111,357,978.75
1-A-5 0.00 0.00 0.00 0.00 598,261.00
1-A-6 0.00 0.00 15,750.21 0.00 3,287,000.00
1-A-7 0.00 0.00 5,989.58 0.00 1,250,000.00
1-A-8 0.00 0.00 14,255.21 0.00 2,975,000.00
1-A-9 0.00 0.00 27,071.67 0.00 5,649,739.00
1-A-WIO 0.00 0.00 36,559.74 0.00 136,533,561.59
2-A-1 (0.01) 0.00 198,789.93 0.00 46,584,973.85
2-A-2 (0.01) 0.00 230,094.10 0.00 54,097,973.85
2-A-3 0.00 0.00 103,637.50 0.00 24,873,000.00
2-A-4 (0.01) 0.00 266,264.37 0.00 62,778,822.81
2-A-WIO 0.00 0.00 32,080.19 0.00 109,967,537.72
A-PO 0.00 0.00 0.00 0.00 11,224,604.58
1-B-1 0.00 0.00 40,470.97 0.00 8,819,864.66
1-B-2 0.00 0.00 18,827.28 0.00 4,103,041.83
1-B-3 0.00 0.00 9,412.29 0.00 2,051,225.19
1-B-4 0.00 0.00 9,410.48 0.00 2,050,830.89
1-B-5 0.00 0.00 6,590.90 0.00 1,436,359.87
1-B-6 0.00 0.00 7,530.57 0.00 1,641,142.80
2-B-1 0.00 0.00 9,207.04 0.00 2,200,159.29
2-B-2 0.00 0.00 3,222.46 0.00 770,055.75
2-B-3 0.00 0.00 3,222.46 0.00 770,055.75
2-B-4 0.00 0.00 1,841.41 0.00 440,031.86
2-B-5 0.00 0.00 920.70 0.00 220,015.93
2-B-6 0.00 0.00 1,381.79 0.00 330,198.43
SES 0.00 0.00 100,657.64 0.00 562,183,432.23
Totals (0.07) 0.00 2,663,630.31 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-CB-1 100,000,000.00 5.50000% 885.61171580 4.05905370 0.00000000 0.00000000
1-CB-WIO 0.00 0.31124% 882.40779937 0.22886443 0.00000000 0.00000000
1-AR 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-1 116,638,000.00 5.50000% 852.61992670 3.90784136 0.00000000 0.00000000
1-A-2 26,298,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-3 1,311,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-4 130,487,000.00 5.50000% 868.26184225 3.97953344 0.00000000 0.00000000
1-A-5 598,261.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-6 3,287,000.00 5.75000% 1000.00000000 4.79166717 0.00000000 0.00000000
1-A-7 1,250,000.00 5.75000% 1000.00000000 4.79166400 0.00000000 0.00000000
1-A-8 2,975,000.00 5.75000% 1000.00000000 4.79166723 0.00000000 0.00000000
1-A-9 5,649,739.00 5.75000% 1000.00000000 4.79166737 0.00000000 0.00000000
1-A-WIO 0.00 0.31625% 860.53561128 0.22678791 0.00000000 0.00000000
2-A-1 57,754,000.00 5.00000% 826.08272708 3.44201129 0.00000000 0.00000000
2-A-2 65,267,000.00 5.00000% 846.10265249 3.52542770 0.00000000 0.00000000
2-A-3 24,873,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000
2-A-4 73,948,000.00 5.00000% 864.16733353 3.60069725 0.00000000 0.00000000
2-A-WIO 0.00 0.34386% 859.34729299 0.24624305 0.00000000 0.00000000
A-PO 12,413,176.11 0.00000% 915.32665688 0.00000000 0.00000000 0.00000000
1-B-1 8,947,439.00 5.50000% 986.87795580 4.52319038 0.00000000 0.00000000
1-B-2 4,162,390.00 5.50000% 986.87795473 4.52318980 0.00000000 0.00000000
1-B-3 2,080,895.00 5.50000% 986.87795396 4.52318834 0.00000000 0.00000000
1-B-4 2,080,495.00 5.50000% 986.87795453 4.52319280 0.00000000 0.00000000
1-B-5 1,457,136.00 5.50000% 986.87795786 4.52318795 0.00000000 0.00000000
1-B-6 1,664,881.00 5.50000% 986.87795704 4.52318814 0.00000000 0.00000000
2-B-1 2,319,440.00 5.00000% 952.68198789 3.96950988 0.00000000 0.00000000
2-B-2 811,804.00 5.00000% 952.68198974 3.96950495 0.00000000 0.00000000
2-B-3 811,804.00 5.00000% 952.68198974 3.96950495 0.00000000 0.00000000
2-B-4 463,888.00 5.00000% 952.68198358 3.96951419 0.00000000 0.00000000
2-B-5 231,944.00 5.00000% 952.68198358 3.96949264 0.00000000 0.00000000
2-B-6 348,100.00 5.00000% 952.68198793 3.96952025 0.00000000 0.00000000
SES 0.00 0.00000% 880.41403201 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-CB-1 (0.00000010) 0.00000000 4.05905380 0.00000000 875.55116420
1-CB-WIO 0.00000000 0.00000000 0.22886443 0.00000000 876.19979984
1-AR 0.00000000 0.00000000 1.20000000 0.00000000 0.00000000
1-A-1 (0.00000009) 0.00000000 3.90784144 0.00000000 835.99666275
1-A-2 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1-A-3 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1-A-4 (0.00000015) 0.00000000 3.97953359 0.00000000 853.40285814
1-A-5 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
1-A-6 0.00000000 0.00000000 4.79166717 0.00000000 1000.00000000
1-A-7 0.00000000 0.00000000 4.79166400 0.00000000 1000.00000000
1-A-8 0.00000000 0.00000000 4.79166723 0.00000000 1000.00000000
1-A-9 0.00000000 0.00000000 4.79166737 0.00000000 1000.00000000
1-A-WIO 0.00000000 0.00000000 0.22678791 0.00000000 846.94695893
2-A-1 (0.00000017) 0.00000000 3.44201146 0.00000000 806.61034474
2-A-2 (0.00000015) 0.00000000 3.52542786 0.00000000 828.87177057
2-A-3 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000
2-A-4 (0.00000014) 0.00000000 3.60069738 0.00000000 848.95903621
2-A-WIO 0.00000000 0.00000000 0.24624305 0.00000000 844.09543458
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 904.24920105
1-B-1 0.00000000 0.00000000 4.52319038 0.00000000 985.74180388
1-B-2 0.00000000 0.00000000 4.52318980 0.00000000 985.74180459
1-B-3 0.00000000 0.00000000 4.52319315 0.00000000 985.74180341
1-B-4 0.00000000 0.00000000 4.52319280 0.00000000 985.74180183
1-B-5 0.00000000 0.00000000 4.52318795 0.00000000 985.74180447
1-B-6 0.00000000 0.00000000 4.52318814 0.00000000 985.74180377
2-B-1 0.00000000 0.00000000 3.96950988 0.00000000 948.57348757
2-B-2 0.00000000 0.00000000 3.96950495 0.00000000 948.57348572
2-B-3 0.00000000 0.00000000 3.96950495 0.00000000 948.57348572
2-B-4 0.00000000 0.00000000 3.96951419 0.00000000 948.57349188
2-B-5 0.00000000 0.00000000 3.96949264 0.00000000 948.57349188
2-B-6 0.00000000 0.00000000 3.96952025 0.00000000 948.57348463
SES 0.00000000 0.00000000 0.15530483 0.00000000 867.39368947
<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-CB-APO 0.00000% 0.00 0.00 1,736,764.17 1,711,423.89 90.25321924%
1-A-APO 0.00000% 0.00 0.00 5,009,325.12 4,978,507.42 92.16227863%
2-APO 0.00000% 0.00 0.00 4,616,021.70 4,534,673.27 88.65378178%
1-CB-SES 0.00000% 95,479,025.27 94,441,642.85 0.00 0.00 88.14258897%
1-A-SES 0.00000% 274,067,637.36 270,141,828.30 0.00 0.00 87.41349578%
2-SES 0.00000% 201,075,637.61 197,599,961.08 0.00 0.00 85.19295469%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 11,127,938.54
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 11,127,938.54
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 25,440.22
Payment of Interest and Principal 11,102,498.32
Total Withdrawals (Pool Distribution Amount) 11,127,938.54
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 23,775.93
Trustee Fee 1,664.29
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 25,440.22
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
418,091.13 0.00 0.00 418,091.13
30 Days 29 1 0 0 30
4,301,310.04 26,084.05 0.00 0.00 4,327,394.09
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 1 0 0 1
0.00 183,244.97 0.00 0.00 183,244.97
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 3 0 3
0.00 0.00 676,167.21 0.00 676,167.21
Totals 29 3 3 0 35
4,301,310.04 627,420.15 676,167.21 0.00 5,604,897.40
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 0.023855% 0.000000% 0.000000% 0.023855%
0.074227% 0.000000% 0.000000% 0.074227%
30 Days 0.691794% 0.023855% 0.000000% 0.000000% 0.715649%
0.763642% 0.004631% 0.000000% 0.000000% 0.768273%
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% 0.023855% 0.000000% 0.000000% 0.023855%
0.000000% 0.032533% 0.000000% 0.000000% 0.032533%
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% 0.071565% 0.000000% 0.071565%
0.000000% 0.000000% 0.120045% 0.000000% 0.120045%
Totals 0.691794% 0.071565% 0.071565% 0.000000% 0.834924%
0.763642% 0.111390% 0.120045% 0.000000% 0.995078%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1-CB 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
1,353,763.40 0.00 0.00 0.00 1,353,763.40
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 1 0 0 1
0.00 183,244.97 0.00 0.00 183,244.97
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 1 0 1
0.00 0.00 184,763.81 0.00 184,763.81
Totals 6 1 1 0 8
1,353,763.40 183,244.97 184,763.81 0.00 1,721,772.18
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.913242% 0.000000% 0.000000% 0.000000% 0.913242%
1.431987% 0.000000% 0.000000% 0.000000% 1.431987%
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% 0.152207% 0.000000% 0.000000% 0.152207%
0.000000% 0.193833% 0.000000% 0.000000% 0.193833%
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% 0.152207% 0.000000% 0.152207%
0.000000% 0.000000% 0.195440% 0.000000% 0.195440%
Totals 0.913242% 0.152207% 0.152207% 0.000000% 1.217656%
1.431987% 0.193833% 0.195440% 0.000000% 1.821260%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 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 1 0 0 1
418,091.13 0.00 0.00 418,091.13
30 Days 9 0 0 0 9
1,815,849.97 0.00 0.00 0.00 1,815,849.97
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 1 0 1
0.00 0.00 396,348.66 0.00 396,348.66
Totals 9 1 1 0 11
1,815,849.97 418,091.13 396,348.66 0.00 2,630,289.76
0-29 Days 0.058411% 0.000000% 0.000000% 0.058411%
0.154615% 0.000000% 0.000000% 0.154615%
30 Days 0.525701% 0.000000% 0.000000% 0.000000% 0.525701%
0.671521% 0.000000% 0.000000% 0.000000% 0.671521%
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% 0.058411% 0.000000% 0.058411%
0.000000% 0.000000% 0.146574% 0.000000% 0.146574%
Totals 0.525701% 0.058411% 0.058411% 0.000000% 0.642523%
0.671521% 0.154615% 0.146574% 0.000000% 0.972709%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 14 1 0 0 15
1,131,696.67 26,084.05 0.00 0.00 1,157,780.72
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 1 0 1
0.00 0.00 95,054.74 0.00 95,054.74
Totals 14 1 1 0 16
1,131,696.67 26,084.05 95,054.74 0.00 1,252,835.46
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.767965% 0.054855% 0.000000% 0.000000% 0.822820%
0.570652% 0.013153% 0.000000% 0.000000% 0.583805%
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% 0.054855% 0.000000% 0.054855%
0.000000% 0.000000% 0.047931% 0.000000% 0.047931%
Totals 0.767965% 0.054855% 0.054855% 0.000000% 0.877674%
0.570652% 0.013153% 0.047931% 0.000000% 0.631736%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 34,128.40
COLLATERAL STATEMENT
Collateral Description Fixed
Weighted Average Gross Coupon 5.643348%
Weighted Average Pass-Through Rate 5.389848%
Weighted Average Maturity(Stepdown Calculation ) 279
Beginning Scheduled Collateral Loan Count 4,241
Number Of Loans Paid In Full 49
Ending Scheduled Collateral Loan Count 4,192
Beginning Scheduled Collateral Balance 570,622,300.24
Ending Scheduled Collateral Balance 562,183,432.23
Ending Actual Collateral Balance at 31-Aug-2004 563,262,305.27
Monthly P &I Constant 3,977,785.89
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 10,571,130.51
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 562,183,432.23
Scheduled Principal 1,294,269.26
Unscheduled Principal 7,144,598.75
Group Level Collateral Statement
Group Group 1-CB Group 1 Group 2
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 15 Year
Weighted Average Coupon Rate 5.815773 5.813049 5.330169
Weighted Average Net Rate 5.565773 5.563048 5.080169
Weighted Average Maturity 344 344 163
Beginning Loan Count 662 1,732 1,847
Loans Paid In Full 5 20 24
Ending Loan Count 657 1,712 1,823
Beginning Scheduled Balance 95,479,025.27 274,067,637.36 201,075,637.61
Ending scheduled Balance 94,441,642.85 270,141,828.30 197,599,961.08
Record Date 08/31/2004 08/31/2004 08/31/2004
Principal And Interest Constant 573,204.33 1,643,308.79 1,761,272.77
Scheduled Principal 110,467.41 315,668.38 868,133.47
Unscheduled Principal 926,915.01 3,610,140.68 2,607,543.06
Scheduled Interest 462,736.92 1,327,640.41 893,139.30
Servicing Fees 19,891.45 57,097.45 41,890.76
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 278.47 799.36 586.46
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 442,567.00 1,269,743.60 850,662.08
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 5.562273 5.559549 5.076669
Group Level Collateral Statement
Group Total
Collateral Description Fixed
Weighted Average Coupon Rate 5.643348
Weighted Average Net Rate 5.393348
Weighted Average Maturity 279
Beginning Loan Count 4,241
Loans Paid In Full 49
Ending Loan Count 4,192
Beginning Scheduled Balance 570,622,300.24
Ending scheduled Balance 562,183,432.23
Record Date 08/31/2004
Principal And Interest Constant 3,977,785.89
Scheduled Principal 1,294,269.26
Unscheduled Principal 7,144,598.75
Scheduled Interest 2,683,516.63
Servicing Fees 118,879.66
Master Servicing Fees 0.00
Trustee Fee 1,664.29
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,562,972.68
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 5.389848
Miscellaneous Reporting
Group Group 1-CB
CPR 11.059449%
Subordinate % 5.526952%
Subordintate Prepay % 0.000000%
Senior Prepay % 100.000000%
Senior % 94.473048%
Group Group 1
CPR 14.726321%
Subordinate % 5.554389%
Subordintate Prepay % 0.000000%
Senior Prepay % 100.000000%
Senior % 94.445611%
Group Group 2
CPR 14.556695%
Subordinate % 2.418325%
Subordintate Prepay % 0.000000%
Senior Prepay % 100.000000%
Senior % 97.581675%
Group