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 2004-8 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-43 54-6636502
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 2004-8
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 2004-8 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 2004-8 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: 10/1/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-8 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: 2004-8
Contact: Customer Service - SecuritiesLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
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 05948KTF6 SEN 6.00000% 109,301,000.00 546,505.00 486,734.99
1-CB-R 05948KTG4 SEN 6.00000% 100.00 0.59 100.00
2-CB-1 05948KTH2 SEN 6.00000% 101,300,000.00 506,500.00 352,419.23
CB-IO 05948KTJ8 SEN 6.00000% 0.00 62,036.57 0.00
3-A-1 05948KTK5 SEN 5.50000% 51,035,000.00 233,910.42 207,386.43
15-IO 05948KTL3 SEN 5.50000% 0.00 9,776.30 0.00
X-PO 05948KTM1 PO 0.00000% 585,353.00 0.00 829.04
15-PO 05948KTN9 PO 0.00000% 476,514.00 0.00 2,093.79
15-B-1 05948KTS8 SUB 5.50000% 1,037,000.00 4,752.92 3,645.26
15-B-2 05948KTT6 SUB 5.50000% 159,000.00 728.75 558.92
15-B-3 05948KTU3 SUB 5.50000% 160,000.00 733.33 562.43
15-B-4 05948KUD9 SUB 5.50000% 106,000.00 485.83 372.61
15-B-5 05948KUE7 SUB 5.50000% 53,000.00 242.92 186.31
15-B-6 05948KUF4 SUB 5.50000% 106,908.00 490.00 375.80
30-B-1 05948KTP4 SUB 6.00000% 4,429,000.00 22,145.00 4,000.07
30-B-2 05948KTQ2 SUB 6.00000% 1,993,000.00 9,965.00 1,799.99
30-B-3 05948KTR0 SUB 6.00000% 1,108,000.00 5,540.00 1,000.70
30-B-4 05948KUA5 SUB 6.00000% 1,107,000.00 5,535.00 999.79
30-B-5 05948KUB3 SUB 6.00000% 665,000.00 3,325.00 600.60
30-B-6 05948KUC1 SUB 6.00000% 996,634.00 4,983.17 900.12
Totals 274,618,509.00 1,417,655.80 1,064,566.08
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 0.00 108,814,265.01 1,033,239.99 0.00
1-CB-R 0.00 0.00 100.59 0.00
2-CB-1 0.00 100,947,580.77 858,919.23 0.00
CB-IO 0.00 0.00 62,036.57 0.00
3-A-1 0.00 50,827,613.57 441,296.85 0.00
15-IO 0.00 0.00 9,776.30 0.00
X-PO 0.00 584,523.96 829.04 0.00
15-PO 0.00 474,420.21 2,093.79 0.00
15-B-1 0.00 1,033,354.74 8,398.18 0.00
15-B-2 0.00 158,441.08 1,287.67 0.00
15-B-3 0.00 159,437.57 1,295.76 0.00
15-B-4 0.00 105,627.39 858.44 0.00
15-B-5 0.00 52,813.69 429.23 0.00
15-B-6 0.00 106,532.20 865.80 0.00
30-B-1 0.00 4,424,999.93 26,145.07 0.00
30-B-2 0.00 1,991,200.01 11,764.99 0.00
30-B-3 0.00 1,106,999.30 6,540.70 0.00
30-B-4 0.00 1,106,000.21 6,534.79 0.00
30-B-5 0.00 664,399.40 3,925.60 0.00
30-B-6 0.00 995,733.88 5,883.29 0.00
Totals 0.00 273,553,942.92 2,482,221.88 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-1 109,301,000.00 109,301,000.00 98,007.63 388,727.36 0.00 0.00
1-CB-R 100.00 100.00 20.14 79.86 0.00 0.00
2-CB-1 101,300,000.00 101,300,000.00 92,177.96 260,241.27 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 51,035,000.00 51,035,000.00 179,397.93 27,988.50 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
X-PO 585,353.00 585,353.00 689.69 139.35 0.00 0.00
15-PO 476,514.00 476,514.00 1,750.73 343.06 0.00 0.00
15-B-1 1,037,000.00 1,037,000.00 3,645.26 0.00 0.00 0.00
15-B-2 159,000.00 159,000.00 558.92 0.00 0.00 0.00
15-B-3 160,000.00 160,000.00 562.43 0.00 0.00 0.00
15-B-4 106,000.00 106,000.00 372.61 0.00 0.00 0.00
15-B-5 53,000.00 53,000.00 186.31 0.00 0.00 0.00
15-B-6 106,908.00 106,908.00 375.80 0.00 0.00 0.00
30-B-1 4,429,000.00 4,429,000.00 4,000.07 0.00 0.00 0.00
30-B-2 1,993,000.00 1,993,000.00 1,799.99 0.00 0.00 0.00
30-B-3 1,108,000.00 1,108,000.00 1,000.70 0.00 0.00 0.00
30-B-4 1,107,000.00 1,107,000.00 999.79 0.00 0.00 0.00
30-B-5 665,000.00 665,000.00 600.60 0.00 0.00 0.00
30-B-6 996,634.00 996,634.00 900.12 0.00 0.00 0.00
Totals 274,618,509.00 274,618,509.00 387,046.68 677,519.40 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-1 486,734.99 108,814,265.01 0.99554684 486,734.99
1-CB-R 100.00 0.00 0.00000000 100.00
2-CB-1 352,419.23 100,947,580.77 0.99652103 352,419.23
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 207,386.43 50,827,613.57 0.99593639 207,386.43
15-IO 0.00 0.00 0.00000000 0.00
X-PO 829.04 584,523.96 0.99858369 829.04
15-PO 2,093.79 474,420.21 0.99560603 2,093.79
15-B-1 3,645.26 1,033,354.74 0.99648480 3,645.26
15-B-2 558.92 158,441.08 0.99648478 558.92
15-B-3 562.43 159,437.57 0.99648481 562.43
15-B-4 372.61 105,627.39 0.99648481 372.61
15-B-5 186.31 52,813.69 0.99648472 186.31
15-B-6 375.80 106,532.20 0.99648483 375.80
30-B-1 4,000.07 4,424,999.93 0.99909685 4,000.07
30-B-2 1,799.99 1,991,200.01 0.99909684 1,799.99
30-B-3 1,000.70 1,106,999.30 0.99909684 1,000.70
30-B-4 999.79 1,106,000.21 0.99909685 999.79
30-B-5 600.60 664,399.40 0.99909684 600.60
30-B-6 900.12 995,733.88 0.99909684 900.12
Totals 1,064,566.08 273,553,942.92 0.99612347 1,064,566.08
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-1 109,301,000.00 1000.00000000 0.89667643 3.55648494 0.00000000
1-CB-R 100.00 1000.00000000 201.40000000 798.60000000 0.00000000
2-CB-1 101,300,000.00 1000.00000000 0.90995025 2.56901550 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 51,035,000.00 1000.00000000 3.51519408 0.54841775 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 585,353.00 1000.00000000 1.17824629 0.23806148 0.00000000
15-PO 476,514.00 1000.00000000 3.67403686 0.71993687 0.00000000
15-B-1 1,037,000.00 1000.00000000 3.51519769 0.00000000 0.00000000
15-B-2 159,000.00 1000.00000000 3.51522013 0.00000000 0.00000000
15-B-3 160,000.00 1000.00000000 3.51518750 0.00000000 0.00000000
15-B-4 106,000.00 1000.00000000 3.51518868 0.00000000 0.00000000
15-B-5 53,000.00 1000.00000000 3.51528302 0.00000000 0.00000000
15-B-6 106,908.00 1000.00000000 3.51517192 0.00000000 0.00000000
30-B-1 4,429,000.00 1000.00000000 0.90315421 0.00000000 0.00000000
30-B-2 1,993,000.00 1000.00000000 0.90315605 0.00000000 0.00000000
30-B-3 1,108,000.00 1000.00000000 0.90315884 0.00000000 0.00000000
30-B-4 1,107,000.00 1000.00000000 0.90315266 0.00000000 0.00000000
30-B-5 665,000.00 1000.00000000 0.90315789 0.00000000 0.00000000
30-B-6 996,634.00 1000.00000000 0.90316004 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 4.45316136 995.54683864 0.99554684 4.45316136
1-CB-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2-CB-1 0.00000000 3.47896575 996.52103425 0.99652103 3.47896575
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 4.06361184 995.93638816 0.99593639 4.06361184
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 0.00000000 1.41630777 998.58369223 0.99858369 1.41630777
15-PO 0.00000000 4.39397373 995.60602627 0.99560603 4.39397373
15-B-1 0.00000000 3.51519769 996.48480231 0.99648480 3.51519769
15-B-2 0.00000000 3.51522013 996.48477987 0.99648478 3.51522013
15-B-3 0.00000000 3.51518750 996.48481250 0.99648481 3.51518750
15-B-4 0.00000000 3.51518868 996.48481132 0.99648481 3.51518868
15-B-5 0.00000000 3.51528302 996.48471698 0.99648472 3.51528302
15-B-6 0.00000000 3.51517192 996.48482808 0.99648483 3.51517192
30-B-1 0.00000000 0.90315421 999.09684579 0.99909685 0.90315421
30-B-2 0.00000000 0.90315605 999.09684395 0.99909684 0.90315605
30-B-3 0.00000000 0.90315884 999.09684116 0.99909684 0.90315884
30-B-4 0.00000000 0.90315266 999.09684734 0.99909685 0.90315266
30-B-5 0.00000000 0.90315789 999.09684211 0.99909684 0.90315789
30-B-6 0.00000000 0.90316004 999.09683996 0.99909684 0.90316004
<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-1 109,301,000.00 6.00000% 109,301,000.00 546,505.00 0.00 0.00
1-CB-R 100.00 6.00000% 100.00 0.50 0.00 0.00
2-CB-1 101,300,000.00 6.00000% 101,300,000.00 506,500.00 0.00 0.00
CB-IO 0.00 6.00000% 12,407,313.33 62,036.57 0.00 0.00
3-A-1 51,035,000.00 5.50000% 51,035,000.00 233,910.42 0.00 0.00
15-IO 0.00 5.50000% 2,133,010.66 9,776.30 0.00 0.00
X-PO 585,353.00 0.00000% 585,353.00 0.00 0.00 0.00
15-PO 476,514.00 0.00000% 476,514.00 0.00 0.00 0.00
15-B-1 1,037,000.00 5.50000% 1,037,000.00 4,752.92 0.00 0.00
15-B-2 159,000.00 5.50000% 159,000.00 728.75 0.00 0.00
15-B-3 160,000.00 5.50000% 160,000.00 733.33 0.00 0.00
15-B-4 106,000.00 5.50000% 106,000.00 485.83 0.00 0.00
15-B-5 53,000.00 5.50000% 53,000.00 242.92 0.00 0.00
15-B-6 106,908.00 5.50000% 106,908.00 490.00 0.00 0.00
30-B-1 4,429,000.00 6.00000% 4,429,000.00 22,145.00 0.00 0.00
30-B-2 1,993,000.00 6.00000% 1,993,000.00 9,965.00 0.00 0.00
30-B-3 1,108,000.00 6.00000% 1,108,000.00 5,540.00 0.00 0.00
30-B-4 1,107,000.00 6.00000% 1,107,000.00 5,535.00 0.00 0.00
30-B-5 665,000.00 6.00000% 665,000.00 3,325.00 0.00 0.00
30-B-6 996,634.00 6.00000% 996,634.00 4,983.17 0.00 0.00
Totals 274,618,509.00 1,417,655.71 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 0.00 0.00 546,505.00 0.00 108,814,265.01
1-CB-R 0.00 0.00 0.59 0.00 0.00
2-CB-1 0.00 0.00 506,500.00 0.00 100,947,580.77
CB-IO 0.00 0.00 62,036.57 0.00 12,356,539.57
3-A-1 0.00 0.00 233,910.42 0.00 50,827,613.57
15-IO 0.00 0.00 9,776.30 0.00 2,124,359.83
X-PO 0.00 0.00 0.00 0.00 584,523.96
15-PO 0.00 0.00 0.00 0.00 474,420.21
15-B-1 0.00 0.00 4,752.92 0.00 1,033,354.74
15-B-2 0.00 0.00 728.75 0.00 158,441.08
15-B-3 0.00 0.00 733.33 0.00 159,437.57
15-B-4 0.00 0.00 485.83 0.00 105,627.39
15-B-5 0.00 0.00 242.92 0.00 52,813.69
15-B-6 0.00 0.00 490.00 0.00 106,532.20
30-B-1 0.00 0.00 22,145.00 0.00 4,424,999.93
30-B-2 0.00 0.00 9,965.00 0.00 1,991,200.01
30-B-3 0.00 0.00 5,540.00 0.00 1,106,999.30
30-B-4 0.00 0.00 5,535.00 0.00 1,106,000.21
30-B-5 0.00 0.00 3,325.00 0.00 664,399.40
30-B-6 0.00 0.00 4,983.17 0.00 995,733.88
Totals 0.00 0.00 1,417,655.80 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-1 109,301,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
1-CB-R 100.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
2-CB-1 101,300,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
CB-IO 0.00 6.00000% 1000.01082680 5.00005440 0.00000000 0.00000000
3-A-1 51,035,000.00 5.50000% 1000.00000000 4.58333340 0.00000000 0.00000000
15-IO 0.00 5.50000% 1000.01765611 4.58341479 0.00000000 0.00000000
X-PO 585,353.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
15-PO 476,514.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
15-B-1 1,037,000.00 5.50000% 1000.00000000 4.58333655 0.00000000 0.00000000
15-B-2 159,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
15-B-3 160,000.00 5.50000% 1000.00000000 4.58331250 0.00000000 0.00000000
15-B-4 106,000.00 5.50000% 1000.00000000 4.58330189 0.00000000 0.00000000
15-B-5 53,000.00 5.50000% 1000.00000000 4.58339623 0.00000000 0.00000000
15-B-6 106,908.00 5.50000% 1000.00000000 4.58338010 0.00000000 0.00000000
30-B-1 4,429,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-2 1,993,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-3 1,108,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-4 1,107,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-5 665,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-6 996,634.00 6.00000% 1000.00000000 5.00000000 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 0.00000000 0.00000000 5.00000000 0.00000000 995.54683864
1-CB-R 0.00000000 0.00000000 5.90000000 0.00000000 0.00000000
2-CB-1 0.00000000 0.00000000 5.00000000 0.00000000 996.52103425
CB-IO 0.00000000 0.00000000 5.00005440 0.00000000 995.91853797
3-A-1 0.00000000 0.00000000 4.58333340 0.00000000 995.93638816
15-IO 0.00000000 0.00000000 4.58341479 0.00000000 995.96189450
X-PO 0.00000000 0.00000000 0.00000000 0.00000000 998.58369223
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 995.60602627
15-B-1 0.00000000 0.00000000 4.58333655 0.00000000 996.48480231
15-B-2 0.00000000 0.00000000 4.58333333 0.00000000 996.48477987
15-B-3 0.00000000 0.00000000 4.58331250 0.00000000 996.48481250
15-B-4 0.00000000 0.00000000 4.58330189 0.00000000 996.48481132
15-B-5 0.00000000 0.00000000 4.58339623 0.00000000 996.48471698
15-B-6 0.00000000 0.00000000 4.58338010 0.00000000 996.48482808
30-B-1 0.00000000 0.00000000 5.00000000 0.00000000 999.09684579
30-B-2 0.00000000 0.00000000 5.00000000 0.00000000 999.09684395
30-B-3 0.00000000 0.00000000 5.00000000 0.00000000 999.09684116
30-B-4 0.00000000 0.00000000 5.00000000 0.00000000 999.09684734
30-B-5 0.00000000 0.00000000 5.00000000 0.00000000 999.09684211
30-B-6 0.00000000 0.00000000 5.00000000 0.00000000 999.09683996
<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 6.00000% 6,993,818.51 6,961,410.30 0.00 0.00 99.53801839%
2-IO 6.00000% 5,413,494.82 5,395,129.27 0.00 0.00 99.66140447%
X-PO-1 0.00000% 0.00 0.00 316,080.00 315,657.65 99.86637876%
X-PO-2 0.00000% 0.00 0.00 249,272.00 248,953.20 99.87210758%
X-PO-3 0.00000% 0.00 0.00 20,001.00 19,913.12 99.56062197%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 2,541,837.02
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 2,541,837.02
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 59,615.14
Payment of Interest and Principal 2,482,221.88
Total Withdrawals (Pool Distribution Amount) 2,541,837.02
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 57,212.19
Trustee Fee--Wells Fargo Bank, N.A. 2,402.95
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 59,615.14
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 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
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 0.000000% 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%
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 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>
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 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>
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%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.455227%
Weighted Average Pass-Through Rate 6.194723%
Weighted Average Maturity(Stepdown Calculation ) 358
Beginning Scheduled Collateral Loan Count 2,107
Number Of Loans Paid In Full 3
Ending Scheduled Collateral Loan Count 2,104
Beginning Scheduled Collateral Balance 274,618,509.00
Ending Scheduled Collateral Balance 273,553,944.72
Ending Actual Collateral Balance at 31-Aug-2004 273,843,447.95
Monthly P &I Constant 1,864,317.39
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 2,404,540.40
Class AP Deferred Amount 0.00
Scheduled Principal 387,046.66
Unscheduled Principal 677,519.41
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year
Weighted Average Coupon Rate 6.609014 6.551437 5.929835
Weighted Average Net Rate 6.359014 6.301435 5.679832
Weighted Average Maturity 358 358 178
Beginning Loan Count 930 705 472
Loans Paid In Full 3 0 0
Ending Loan Count 927 705 472
Beginning Scheduled Balance 114,963,068.13 106,502,019.64 53,153,423.02
Ending scheduled Balance 114,471,016.28 106,144,774.85 52,938,153.59
Record Date 08/31/2004 08/31/2004 08/31/2004
Principal And Interest Constant 736,311.52 678,423.21 449,582.66
Scheduled Principal 103,151.05 96,972.14 186,923.47
Unscheduled Principal 388,900.80 260,272.65 28,345.96
Scheduled Interest 633,160.47 581,451.07 262,659.19
Servicing Fees 23,950.64 22,187.93 11,073.62
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,005.95 931.90 465.10
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 608,203.88 558,331.24 251,120.47
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 6.348511 6.290934 5.669331
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 6.455227
Weighted Average Net Rate 6.205226
Weighted Average Maturity 358
Beginning Loan Count 2,107
Loans Paid In Full 3
Ending Loan Count 2,104
Beginning Scheduled Balance 274,618,510.79
Ending scheduled Balance 273,553,944.72
Record Date 08/31/2004
Principal And Interest Constant 1,864,317.39
Scheduled Principal 387,046.66
Unscheduled Principal 677,519.41
Scheduled Interest 1,477,270.73
Servicing Fees 57,212.19
Master Servicing Fees 0.00
Trustee Fee 2,402.95
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 1,417,655.59
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 6.194723
Miscellaneous Reporting
Group 1
CPR 3.988229%
Subordinate % 4.662912%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.337088%
Group 2
CPR 2.896098%
Subordinate % 4.661288%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.338712%
Group 3
CPR 0.640314%
Subordinate % 3.080144%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.919856%
Group