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
FREMONT HOME LOAN TRUST
Asset Backed Certificates, Series 2004-B Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-111379-11 54-2154055
Pooling and Servicing Agreement) (Commission 54-2154056
(State or other File Number) IRS EIN
jurisdiction
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, Maryland 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 FREMONT HOME LOAN
TRUST, Asset Backed Certificates, Series 2004-B Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Certificates, Series 2004-B
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.
FREMONT HOME LOAN TRUST
Asset Backed Certificates, Series 2004-B 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: 10/5/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Certificates, Series 2004-B Trust, relating to the
September 27, 2004 distribution.
EX-99.1
Fremont Home Loan Trust
Asset Backed Certificates
Record Date: 8/31/2004
Distribution Date: 9/27/2004
FREMONT Series: 2004-B
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>
IA-1 35729PDL1 SEN 1.88500% 397,420,451.15 686,709.42 10,612,752.66
IIA-1 35729PDM9 SEN 1.71500% 47,996,044.75 75,453.78 4,467,087.11
IIA-2 35729PDN7 SEN 1.85500% 138,750,000.00 235,932.81 0.00
IIA-3 35729PDP2 SEN 2.09500% 20,532,000.00 39,429.99 0.00
M-1 35729PDQ0 MEZ 2.19500% 27,654,000.00 55,642.15 0.00
M-2 35729PDR8 MEZ 2.24500% 25,679,000.00 52,845.24 0.00
M-3 35729PDS6 MEZ 2.29000% 14,617,000.00 30,683.52 0.00
M-4 35729PDT4 MEZ 2.78500% 13,432,000.00 34,290.78 0.00
M-5 35729PDU1 MEZ 2.84000% 10,667,000.00 27,769.76 0.00
M-6 35729PDV9 MEZ 3.16500% 9,877,000.00 28,655.65 0.00
M-7 35729PDW7 MEZ 3.61500% 10,667,000.00 35,347.77 0.00
M-8 35729PDX5 MEZ 3.96500% 7,901,000.00 28,716.84 0.00
M-9 35729PDY3 MEZ 5.11500% 9,877,000.00 46,310.78 0.00
C FOM0400BC OC 0.00000% 15,802,510.80 2,716,845.21 0.00
P FOM0400BP PrePay 0.00000% 100.00 311,791.69 0.00
R-1 FOM040BR1 RES 0.00000% 0.00 0.00 0.00
R-2 FOM040BR2 RES 0.00000% 0.00 0.00 0.00
Totals 750,872,106.70 4,406,425.39 15,079,839.77
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
IA-1 0.00 386,807,698.49 11,299,462.08 0.00
IIA-1 0.00 43,528,957.64 4,542,540.89 0.00
IIA-2 0.00 138,750,000.00 235,932.81 0.00
IIA-3 0.00 20,532,000.00 39,429.99 0.00
M-1 0.00 27,654,000.00 55,642.15 0.00
M-2 0.00 25,679,000.00 52,845.24 0.00
M-3 0.00 14,617,000.00 30,683.52 0.00
M-4 0.00 13,432,000.00 34,290.78 0.00
M-5 0.00 10,667,000.00 27,769.76 0.00
M-6 0.00 9,877,000.00 28,655.65 0.00
M-7 0.00 10,667,000.00 35,347.77 0.00
M-8 0.00 7,901,000.00 28,716.84 0.00
M-9 0.00 9,877,000.00 46,310.78 0.00
C 0.00 15,802,510.80 2,716,845.21 0.00
P 0.00 100.00 311,791.69 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
Totals 0.00 735,792,266.93 19,486,265.16 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>
IA-1 423,670,000.00 397,420,451.15 0.00 10,612,752.66 0.00 0.00
IIA-1 61,000,000.00 47,996,044.75 0.00 4,467,087.11 0.00 0.00
IIA-2 138,750,000.00 138,750,000.00 0.00 0.00 0.00 0.00
IIA-3 20,532,000.00 20,532,000.00 0.00 0.00 0.00 0.00
M-1 27,654,000.00 27,654,000.00 0.00 0.00 0.00 0.00
M-2 25,679,000.00 25,679,000.00 0.00 0.00 0.00 0.00
M-3 14,617,000.00 14,617,000.00 0.00 0.00 0.00 0.00
M-4 13,432,000.00 13,432,000.00 0.00 0.00 0.00 0.00
M-5 10,667,000.00 10,667,000.00 0.00 0.00 0.00 0.00
M-6 9,877,000.00 9,877,000.00 0.00 0.00 0.00 0.00
M-7 10,667,000.00 10,667,000.00 0.00 0.00 0.00 0.00
M-8 7,901,000.00 7,901,000.00 0.00 0.00 0.00 0.00
M-9 9,877,000.00 9,877,000.00 0.00 0.00 0.00 0.00
C 15,802,440.02 15,802,510.80 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
Totals 790,125,540.02 750,872,106.70 0.00 15,079,839.77 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>
IA-1 10,612,752.66 386,807,698.49 0.91299289 10,612,752.66
IIA-1 4,467,087.11 43,528,957.64 0.71358947 4,467,087.11
IIA-2 0.00 138,750,000.00 1.00000000 0.00
IIA-3 0.00 20,532,000.00 1.00000000 0.00
M-1 0.00 27,654,000.00 1.00000000 0.00
M-2 0.00 25,679,000.00 1.00000000 0.00
M-3 0.00 14,617,000.00 1.00000000 0.00
M-4 0.00 13,432,000.00 1.00000000 0.00
M-5 0.00 10,667,000.00 1.00000000 0.00
M-6 0.00 9,877,000.00 1.00000000 0.00
M-7 0.00 10,667,000.00 1.00000000 0.00
M-8 0.00 7,901,000.00 1.00000000 0.00
M-9 0.00 9,877,000.00 1.00000000 0.00
C 0.00 15,802,510.80 1.00000448 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
Totals 15,079,839.77 735,792,266.93 0.93123463 15,079,839.77
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>
IA-1 423,670,000.00 938.04246501 0.00000000 25.04957316 0.00000000
IIA-1 61,000,000.00 786.82040574 0.00000000 73.23093623 0.00000000
IIA-2 138,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IIA-3 20,532,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 27,654,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 25,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 14,617,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 13,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 10,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 9,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 10,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 7,901,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 9,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
C 15,802,440.02 1000.00447906 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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>
IA-1 0.00000000 25.04957316 912.99289185 0.91299289 25.04957316
IIA-1 0.00000000 73.23093623 713.58946951 0.71358947 73.23093623
IIA-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IIA-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
C 0.00000000 0.00000000 1,000.00447906 1.00000448 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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>
IA-1 423,670,000.00 1.88500% 397,420,451.15 686,709.42 0.00 0.00
IIA-1 61,000,000.00 1.71500% 47,996,044.75 75,453.78 0.00 0.00
IIA-2 138,750,000.00 1.85500% 138,750,000.00 235,932.81 0.00 0.00
IIA-3 20,532,000.00 2.09500% 20,532,000.00 39,430.00 0.00 0.00
M-1 27,654,000.00 2.19500% 27,654,000.00 55,642.15 0.00 0.00
M-2 25,679,000.00 2.24500% 25,679,000.00 52,845.24 0.00 0.00
M-3 14,617,000.00 2.29000% 14,617,000.00 30,683.52 0.00 0.00
M-4 13,432,000.00 2.78500% 13,432,000.00 34,290.78 0.00 0.00
M-5 10,667,000.00 2.84000% 10,667,000.00 27,769.76 0.00 0.00
M-6 9,877,000.00 3.16500% 9,877,000.00 28,655.65 0.00 0.00
M-7 10,667,000.00 3.61500% 10,667,000.00 35,347.77 0.00 0.00
M-8 7,901,000.00 3.96500% 7,901,000.00 28,716.84 0.00 0.00
M-9 9,877,000.00 5.11500% 9,877,000.00 46,310.78 0.00 0.00
C 15,802,440.02 0.00000% 15,802,510.80 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
R-2 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 790,125,540.02 1,377,788.50 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>
IA-1 0.00 0.00 686,709.42 0.00 386,807,698.49
IIA-1 0.00 0.00 75,453.78 0.00 43,528,957.64
IIA-2 0.00 0.00 235,932.81 0.00 138,750,000.00
IIA-3 0.00 0.00 39,429.99 0.00 20,532,000.00
M-1 0.00 0.00 55,642.15 0.00 27,654,000.00
M-2 0.00 0.00 52,845.24 0.00 25,679,000.00
M-3 0.00 0.00 30,683.52 0.00 14,617,000.00
M-4 0.00 0.00 34,290.78 0.00 13,432,000.00
M-5 0.00 0.00 27,769.76 0.00 10,667,000.00
M-6 0.00 0.00 28,655.65 0.00 9,877,000.00
M-7 0.00 0.00 35,347.77 0.00 10,667,000.00
M-8 0.00 0.00 28,716.84 0.00 7,901,000.00
M-9 0.00 0.00 46,310.78 0.00 9,877,000.00
C 0.00 0.00 2,716,845.21 0.00 15,802,510.80
P 0.00 0.00 311,791.69 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 4,406,425.39 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>
IA-1 423,670,000.00 1.88500% 938.04246501 1.62085921 0.00000000 0.00000000
IIA-1 61,000,000.00 1.71500% 786.82040574 1.23694721 0.00000000 0.00000000
IIA-2 138,750,000.00 1.85500% 1000.00000000 1.70041665 0.00000000 0.00000000
IIA-3 20,532,000.00 2.09500% 1000.00000000 1.92041691 0.00000000 0.00000000
M-1 27,654,000.00 2.19500% 1000.00000000 2.01208324 0.00000000 0.00000000
M-2 25,679,000.00 2.24500% 1000.00000000 2.05791659 0.00000000 0.00000000
M-3 14,617,000.00 2.29000% 1000.00000000 2.09916672 0.00000000 0.00000000
M-4 13,432,000.00 2.78500% 1000.00000000 2.55291691 0.00000000 0.00000000
M-5 10,667,000.00 2.84000% 1000.00000000 2.60333365 0.00000000 0.00000000
M-6 9,877,000.00 3.16500% 1000.00000000 2.90125038 0.00000000 0.00000000
M-7 10,667,000.00 3.61500% 1000.00000000 3.31374988 0.00000000 0.00000000
M-8 7,901,000.00 3.96500% 1000.00000000 3.63458296 0.00000000 0.00000000
M-9 9,877,000.00 5.11500% 1000.00000000 4.68874962 0.00000000 0.00000000
C 15,802,440.02 0.00000% 1000.00447906 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000% 0.00000000 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>
IA-1 0.00000000 0.00000000 1.62085921 0.00000000 912.99289185
IIA-1 0.00000000 0.00000000 1.23694721 0.00000000 713.58946951
IIA-2 0.00000000 0.00000000 1.70041665 0.00000000 1000.00000000
IIA-3 0.00000000 0.00000000 1.92041642 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 2.01208324 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.05791659 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 2.09916672 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 2.55291691 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 2.60333365 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 2.90125038 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 3.31374988 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 3.63458296 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.68874962 0.00000000 1000.00000000
C 0.00000000 0.00000000 171.92567772 0.00000000 1000.00447906
P 0.00000000 0.00000000 3117916.90000000 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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 ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 19,423,651.65
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 387,120.47
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 311,791.69
Total Deposits 20,122,563.81
Withdrawals
Reimbursement for Servicer Advances 315,613.68
Payment of Service Fee 320,684.97
Payment of Interest and Principal 19,486,265.16
Total Withdrawals (Pool Distribution Amount) 20,122,563.81
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 312,863.39
Master Servicing 3,910.79
Trust Administration 3,910.79
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 320,684.97
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 0.00 0.00
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 38 0 0 0 38
6,657,252.23 0.00 0.00 0.00 6,657,252.23
60 Days 2 0 15 0 17
227,669.45 0.00 2,748,413.53 0.00 2,976,082.98
90 Days 0 0 11 0 11
0.00 0.00 2,347,873.07 0.00 2,347,873.07
120 Days 2 1 1 0 4
543,292.31 87,500.00 126,000.00 0.00 756,792.31
150 Days 0 0 1 0 1
0.00 0.00 160,500.00 0.00 160,500.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 42 1 28 0 71
7,428,213.99 87,500.00 5,382,786.60 0.00 12,898,500.59
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 1.084784% 0.000000% 0.000000% 0.000000% 1.084784%
0.904128% 0.000000% 0.000000% 0.000000% 0.904128%
60 Days 0.057094% 0.000000% 0.428204% 0.000000% 0.485298%
0.030920% 0.000000% 0.373265% 0.000000% 0.404185%
90 Days 0.000000% 0.000000% 0.314017% 0.000000% 0.314017%
0.000000% 0.000000% 0.318867% 0.000000% 0.318867%
120 Days 0.057094% 0.028547% 0.028547% 0.000000% 0.114188%
0.073785% 0.011883% 0.017112% 0.000000% 0.102781%
150 Days 0.000000% 0.000000% 0.028547% 0.000000% 0.028547%
0.000000% 0.000000% 0.021798% 0.000000% 0.021798%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.198972% 0.028547% 0.799315% 0.000000% 2.026834%
1.008833% 0.011883% 0.731041% 0.000000% 1.751758%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 387,120.47
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 7.055297%
Weighted Average Net Coupon 6.555297%
Weighted Average Pass-Through Rate 6.542797%
Weighted Average Maturity(Stepdown Calculation ) 351
Beginning Scheduled Collateral Loan Count 3,567
Number Of Loans Paid In Full 64
Ending Scheduled Collateral Loan Count 3,503
Beginning Scheduled Collateral Balance 750,872,106.70
Ending Scheduled Collateral Balance 735,792,266.93
Ending Actual Collateral Balance at 31-Aug-2004 736,317,578.59
Monthly P &I Constant 4,952,996.79
Special Servicing Fee 0.00
Prepayment Penalties 311,791.69
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 735,792,266.93
Scheduled Principal 538,308.43
Unscheduled Principal 14,541,531.34
Other Income 630.30
Miscellaneous Reporting
Excess Cash Amount 2,943,170.22
Extra Principal Amount 0.00
Overcollateralization Amount 15,802,510.80
Overcollateralization Deficiency 0.00
Overcollateralization Release 0.00
Target Overcollateralization Amount 15,802,510.80
Step Down NO
Trigger Event NO
Yield Maintenance Payment 0.00
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.910214 7.220114 6.710330
Weighted Average Net Rate 6.410214 6.720114 6.210330
Weighted Average Maturity 354 342 345
Beginning Loan Count 681 1,966 170
Loans Paid In Full 8 45 0
Ending Loan Count 673 1,921 170
Beginning Scheduled Balance 126,794,670.29 366,796,355.35 48,846,864.07
Ending scheduled Balance 125,390,785.11 357,587,487.87 48,794,740.30
Record Date 08/31/2004 08/31/2004 08/31/2004
Principal And Interest Constant 858,221.08 2,441,593.21 322,298.14
Scheduled Principal 128,072.48 234,667.00 49,149.32
Unscheduled Principal 1,275,812.70 8,974,200.48 2,974.45
Scheduled Interest 730,148.60 2,206,926.21 273,148.82
Servicing Fees 52,831.12 152,831.81 20,352.86
Master Servicing Fees 660.40 1,910.40 254.41
Trustee Fee 660.40 1,910.40 254.41
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 675,996.68 2,050,273.60 252,287.14
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 6.397714 6.707614 6.197830
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM
Weighted Average Coupon Rate 6.934359 7.055297
Weighted Average Net Rate 6.434359 6.555297
Weighted Average Maturity 354 351
Beginning Loan Count 750 3,567
Loans Paid In Full 11 64
Ending Loan Count 739 3,503
Beginning Scheduled Balance 208,434,216.99 750,872,106.70
Ending scheduled Balance 204,019,253.65 735,792,266.93
Record Date 08/31/2004 08/31/2004
Principal And Interest Constant 1,330,884.36 4,952,996.79
Scheduled Principal 126,419.63 538,308.43
Unscheduled Principal 4,288,543.71 14,541,531.34
Scheduled Interest 1,204,464.73 4,414,688.36
Servicing Fees 86,847.60 312,863.39
Master Servicing Fees 1,085.58 3,910.79
Trustee Fee 1,085.58 3,910.79
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 1,115,445.97 4,094,003.39
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 6.421859 6.542797