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): October 25, 2004
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2003-D Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-101500-10 54-2110367
Pooling and Servicing Agreement) (Commission 54-2110368
(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 October 25, 2004 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-D
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-D Trust, relating to the
October 25, 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 MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2003-D 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: 10/25/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2003-D Trust,
relating to the October 25, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 9/30/2004
Distribution Date: 10/25/2004
BAM Series: 2003-D
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-A1 05948XBN0 SEN 3.42800% 35,668,223.89 101,892.23 2,821,391.40
1-A2 05948XBP5 SEN 3.42800% 971,082.14 2,774.06 76,813.55
1-AR 05948XBQ3 SEN 3.42800% 0.00 0.00 0.00
1-ALR 05948XBR1 SEN 3.42800% 0.00 0.07 0.00
2-A1 05948XBS9 SEN 4.18300% 65,542,316.51 228,469.59 1,873,574.93
2-A2 05948XBT7 SEN 3.60100% 15,399,075.83 46,210.06 440,193.82
2-A3 05948XBU4 SEN 3.87600% 28,873,267.19 93,260.65 825,363.40
2-A4 05948XBV2 SEN 4.34100% 128,321,268.87 464,202.19 3,668,157.08
2-A5 05948XBW0 SEN 4.18300% 11,549,306.87 40,258.96 330,145.36
2-A6 05948XBX8 SEN 4.18300% 314,911.10 1,097.73 9,001.96
3-A1 05948XBY6 SEN 4.56900% 26,875,589.78 102,328.81 38,966.15
AP 05948XBZ3 PO 0.00000% 893,192.58 0.00 1,471.18
B-1 05948XCA7 SUB 4.09498% 9,932,350.86 33,893.95 173,168.09
B-2 05948XCB5 SUB 4.09498% 3,819,727.61 13,034.75 66,596.01
B-3 05948XCC3 SUB 4.09498% 2,673,279.79 9,122.52 46,607.97
B-4 05948XCD1 SUB 4.09498% 1,528,597.09 5,216.31 26,650.71
B-5 05948XCE9 SUB 4.09498% 1,145,565.26 3,909.22 19,972.65
B-6 05948XCF6 SUB 4.09498% 1,146,432.82 3,912.18 19,987.77
W-IO 05948XCH2 SEN 0.61211% 0.00 163,137.55 0.00
SES 05948XCG4 SEN 0.00000% 0.00 62,640.03 0.00
Totals 334,654,188.19 1,375,360.86 10,438,062.03
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A1 0.00 32,846,832.49 2,923,283.63 0.00
1-A2 0.00 894,268.59 79,587.61 0.00
1-AR 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.07 0.00
2-A1 0.00 63,668,741.58 2,102,044.52 0.00
2-A2 0.00 14,958,882.02 486,403.88 0.00
2-A3 0.00 28,047,903.78 918,624.05 0.00
2-A4 0.00 124,653,111.79 4,132,359.27 0.00
2-A5 0.00 11,219,161.51 370,404.32 0.00
2-A6 0.00 305,909.14 10,099.69 0.00
3-A1 0.00 26,836,623.62 141,294.96 0.00
AP 0.00 891,721.40 1,471.18 0.00
B-1 0.00 9,759,182.77 207,062.04 0.00
B-2 0.00 3,753,131.60 79,630.76 0.00
B-3 0.00 2,626,671.82 55,730.49 0.00
B-4 0.00 1,501,946.38 31,867.02 0.00
B-5 0.00 1,125,592.61 23,881.87 0.00
B-6 0.00 1,126,445.04 23,899.95 0.00
W-IO 0.00 0.00 163,137.55 0.00
SES 0.00 0.00 62,640.03 0.00
Totals 0.00 324,216,126.14 11,813,422.89 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-A1 137,188,000.00 35,668,223.89 55,051.80 2,766,339.60 0.00 0.00
1-A2 3,735,000.00 971,082.14 1,498.81 75,314.74 0.00 0.00
1-AR 50.00 0.00 0.00 0.00 0.00 0.00
1-ALR 50.00 0.00 0.00 0.00 0.00 0.00
2-A1 170,250,000.00 65,542,316.51 68,550.96 1,805,023.97 0.00 0.00
2-A2 40,000,000.00 15,399,075.83 16,105.95 424,087.86 0.00 0.00
2-A3 75,000,000.00 28,873,267.19 30,198.66 795,164.74 0.00 0.00
2-A4 333,322,000.00 128,321,268.87 134,211.71 3,533,945.37 0.00 0.00
2-A5 30,000,000.00 11,549,306.87 12,079.46 318,065.90 0.00 0.00
2-A6 818,000.00 314,911.10 329.37 8,672.60 0.00 0.00
3-A1 51,285,000.00 26,875,589.78 34,523.14 4,443.01 0.00 0.00
AP 1,079,908.00 893,192.58 1,404.53 66.65 0.00 0.00
B-1 11,254,000.00 9,932,350.86 11,322.83 161,845.26 0.00 0.00
B-2 4,328,000.00 3,819,727.61 4,354.47 62,241.54 0.00 0.00
B-3 3,029,000.00 2,673,279.79 3,047.53 43,560.45 0.00 0.00
B-4 1,732,000.00 1,528,597.09 1,742.59 24,908.12 0.00 0.00
B-5 1,298,000.00 1,145,565.26 1,305.94 18,666.71 0.00 0.00
B-6 1,298,983.00 1,146,432.82 1,306.93 18,680.85 0.00 0.00
W-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 865,617,991.00 334,654,188.19 377,034.68 10,061,027.37 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-A1 2,821,391.40 32,846,832.49 0.23942934 2,821,391.40
1-A2 76,813.55 894,268.59 0.23942934 76,813.55
1-AR 0.00 0.00 0.00000000 0.00
1-ALR 0.00 0.00 0.00000000 0.00
2-A1 1,873,574.93 63,668,741.58 0.37397205 1,873,574.93
2-A2 440,193.82 14,958,882.02 0.37397205 440,193.82
2-A3 825,363.40 28,047,903.78 0.37397205 825,363.40
2-A4 3,668,157.08 124,653,111.79 0.37397205 3,668,157.08
2-A5 330,145.36 11,219,161.51 0.37397205 330,145.36
2-A6 9,001.96 305,909.14 0.37397205 9,001.96
3-A1 38,966.15 26,836,623.62 0.52328407 38,966.15
AP 1,471.18 891,721.40 0.82573830 1,471.18
B-1 173,168.09 9,759,182.77 0.86717458 173,168.09
B-2 66,596.01 3,753,131.60 0.86717458 66,596.01
B-3 46,607.97 2,626,671.82 0.86717459 46,607.97
B-4 26,650.71 1,501,946.38 0.86717458 26,650.71
B-5 19,972.65 1,125,592.61 0.86717458 19,972.65
B-6 19,987.77 1,126,445.04 0.86717458 19,987.77
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 10,438,062.03 324,216,126.14 0.37454874 10,438,062.03
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-A1 137,188,000.00 259.99521744 0.40128728 20.16458874 0.00000000
1-A2 3,735,000.00 259.99521821 0.40128782 20.16458902 0.00000000
1-AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A1 170,250,000.00 384.97689580 0.40264881 10.60219659 0.00000000
2-A2 40,000,000.00 384.97689575 0.40264875 10.60219650 0.00000000
2-A3 75,000,000.00 384.97689587 0.40264880 10.60219653 0.00000000
2-A4 333,322,000.00 384.97689582 0.40264882 10.60219658 0.00000000
2-A5 30,000,000.00 384.97689567 0.40264867 10.60219667 0.00000000
2-A6 818,000.00 384.97689487 0.40265281 10.60220049 0.00000000
3-A1 51,285,000.00 524.04386819 0.67316252 0.08663371 0.00000000
AP 1,079,908.00 827.10062339 1.30060153 0.06171822 0.00000000
B-1 11,254,000.00 882.56183224 1.00611605 14.38113204 0.00000000
B-2 4,328,000.00 882.56183226 1.00611599 14.38113216 0.00000000
B-3 3,029,000.00 882.56183229 1.00611753 14.38113239 0.00000000
B-4 1,732,000.00 882.56183025 1.00611432 14.38113164 0.00000000
B-5 1,298,000.00 882.56183359 1.00611710 14.38113251 0.00000000
B-6 1,298,983.00 882.56183491 1.00611786 14.38113509 0.00000000
W-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-A1 0.00000000 20.56587602 239.42934141 0.23942934 20.56587602
1-A2 0.00000000 20.56587684 239.42934137 0.23942934 20.56587684
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A1 0.00000000 11.00484540 373.97205040 0.37397205 11.00484540
2-A2 0.00000000 11.00484550 373.97205050 0.37397205 11.00484550
2-A3 0.00000000 11.00484533 373.97205040 0.37397205 11.00484533
2-A4 0.00000000 11.00484540 373.97205042 0.37397205 11.00484540
2-A5 0.00000000 11.00484533 373.97205033 0.37397205 11.00484533
2-A6 0.00000000 11.00484108 373.97205379 0.37397205 11.00484108
3-A1 0.00000000 0.75979624 523.28407176 0.52328407 0.75979624
AP 0.00000000 1.36231975 825.73830363 0.82573830 1.36231975
B-1 0.00000000 15.38724809 867.17458415 0.86717458 15.38724809
B-2 0.00000000 15.38724815 867.17458410 0.86717458 15.38724815
B-3 0.00000000 15.38724662 867.17458567 0.86717459 15.38724662
B-4 0.00000000 15.38724596 867.17458430 0.86717458 15.38724596
B-5 0.00000000 15.38724961 867.17458398 0.86717458 15.38724961
B-6 0.00000000 15.38724525 867.17458196 0.86717458 15.38724525
W-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-A1 137,188,000.00 3.42800% 35,668,223.89 101,892.23 0.00 0.00
1-A2 3,735,000.00 3.42800% 971,082.14 2,774.06 0.00 0.00
1-AR 50.00 3.42800% 0.00 0.00 0.00 0.00
1-ALR 50.00 3.42800% 0.00 0.00 0.00 0.00
2-A1 170,250,000.00 4.18300% 65,542,316.51 228,469.59 0.00 0.00
2-A2 40,000,000.00 3.60100% 15,399,075.83 46,210.06 0.00 0.00
2-A3 75,000,000.00 3.87600% 28,873,267.19 93,260.65 0.00 0.00
2-A4 333,322,000.00 4.34100% 128,321,268.87 464,202.19 0.00 0.00
2-A5 30,000,000.00 4.18300% 11,549,306.87 40,258.96 0.00 0.00
2-A6 818,000.00 4.18300% 314,911.10 1,097.73 0.00 0.00
3-A1 51,285,000.00 4.56900% 26,875,589.78 102,328.81 0.00 0.00
AP 1,079,908.00 0.00000% 893,192.58 0.00 0.00 0.00
B-1 11,254,000.00 4.09498% 9,932,350.86 33,893.96 0.00 0.00
B-2 4,328,000.00 4.09498% 3,819,727.61 13,034.75 0.00 0.00
B-3 3,029,000.00 4.09498% 2,673,279.79 9,122.52 0.00 0.00
B-4 1,732,000.00 4.09498% 1,528,597.09 5,216.31 0.00 0.00
B-5 1,298,000.00 4.09498% 1,145,565.26 3,909.22 0.00 0.00
B-6 1,298,983.00 4.09498% 1,146,432.82 3,912.18 0.00 0.00
W-IO 0.00 0.61211% 319,818,576.26 163,137.55 0.00 0.00
SES 0.00 0.00000% 334,654,189.78 0.00 0.00 0.00
Totals 865,617,991.00 1,312,720.77 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-A1 0.00 0.00 101,892.23 0.00 32,846,832.49
1-A2 0.00 0.00 2,774.06 0.00 894,268.59
1-AR 0.00 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.07 0.00 0.00
2-A1 0.00 0.00 228,469.59 0.00 63,668,741.58
2-A2 0.00 0.00 46,210.06 0.00 14,958,882.02
2-A3 0.00 0.00 93,260.65 0.00 28,047,903.78
2-A4 0.00 0.00 464,202.19 0.00 124,653,111.79
2-A5 0.00 0.00 40,258.96 0.00 11,219,161.51
2-A6 0.00 0.00 1,097.73 0.00 305,909.14
3-A1 0.00 0.00 102,328.81 0.00 26,836,623.62
AP 0.00 0.00 0.00 0.00 891,721.40
B-1 0.00 0.00 33,893.95 0.00 9,759,182.77
B-2 0.00 0.00 13,034.75 0.00 3,753,131.60
B-3 0.00 0.00 9,122.52 0.00 2,626,671.82
B-4 0.00 0.00 5,216.31 0.00 1,501,946.38
B-5 0.00 0.00 3,909.22 0.00 1,125,592.61
B-6 0.00 0.00 3,912.18 0.00 1,126,445.04
W-IO 0.00 0.00 163,137.55 0.00 309,403,845.27
SES 0.00 0.00 62,640.03 0.00 324,216,127.74
Totals 0.00 0.00 1,375,360.86 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-A1 137,188,000.00 3.42800% 259.99521744 0.74271970 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 259.99521821 0.74272021 0.00000000 0.00000000
1-AR 50.00 3.42800% 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 50.00 3.42800% 0.00000000 0.00000000 0.00000000 0.00000000
2-A1 170,250,000.00 4.18300% 384.97689580 1.34196529 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 384.97689575 1.15525150 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 384.97689587 1.24347533 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 384.97689582 1.39265392 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 384.97689567 1.34196533 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 384.97689487 1.34196822 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 524.04386819 1.99529707 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 827.10062339 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.09498% 882.56183224 3.01172561 0.00000000 0.00000000
B-2 4,328,000.00 4.09498% 882.56183226 3.01172597 0.00000000 0.00000000
B-3 3,029,000.00 4.09498% 882.56183229 3.01172664 0.00000000 0.00000000
B-4 1,732,000.00 4.09498% 882.56183025 3.01172633 0.00000000 0.00000000
B-5 1,298,000.00 4.09498% 882.56183359 3.01172573 0.00000000 0.00000000
B-6 1,298,983.00 4.09498% 882.56183491 3.01172533 0.00000000 0.00000000
W-IO 0.00 0.61211% 377.12952812 0.19237153 0.00000000 0.00000000
SES 0.00 0.00000% 386.60724782 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-A1 0.00000000 0.00000000 0.74271970 0.00000000 239.42934141
1-A2 0.00000000 0.00000000 0.74272021 0.00000000 239.42934137
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 1.40000000 0.00000000 0.00000000
2-A1 0.00000000 0.00000000 1.34196529 0.00000000 373.97205040
2-A2 0.00000000 0.00000000 1.15525150 0.00000000 373.97205050
2-A3 0.00000000 0.00000000 1.24347533 0.00000000 373.97205040
2-A4 0.00000000 0.00000000 1.39265392 0.00000000 373.97205042
2-A5 0.00000000 0.00000000 1.34196533 0.00000000 373.97205033
2-A6 0.00000000 0.00000000 1.34196822 0.00000000 373.97205379
3-A1 0.00000000 0.00000000 1.99529707 0.00000000 523.28407176
AP 0.00000000 0.00000000 0.00000000 0.00000000 825.73830363
B-1 0.00000000 0.00000000 3.01172472 0.00000000 867.17458415
B-2 0.00000000 0.00000000 3.01172597 0.00000000 867.17458410
B-3 0.00000000 0.00000000 3.01172664 0.00000000 867.17458567
B-4 0.00000000 0.00000000 3.01172633 0.00000000 867.17458430
B-5 0.00000000 0.00000000 3.01172573 0.00000000 867.17458398
B-6 0.00000000 0.00000000 3.01172533 0.00000000 867.17458196
W-IO 0.00000000 0.00000000 0.19237153 0.00000000 364.84849482
SES 0.00000000 0.00000000 0.07236452 0.00000000 374.54873918
<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>
AP (2) 0.00000% 0.00 0.00 841,388.40 839,990.63 81.79883786%
AP (3) 0.00000% 0.00 0.00 51,804.18 51,730.77 97.58681381%
W-IO (1) 0.71749% 39,856,242.51 36,833,569.75 0.00 0.00 25.44467233%
W-IO (2) 0.58974% 253,629,571.64 246,275,682.72 0.00 0.00 37.74622151%
W-IO (3) 0.66815% 26,332,762.11 26,294,592.80 0.00 0.00 51.73748926%
SES (1) 0.00000% 39,856,242.51 36,833,569.75 0.00 0.00 25.44467220%
SES (2) 0.00000% 266,594,947.91 259,220,339.77 0.00 0.00 38.79833522%
SES (3) 0.00000% 28,202,999.36 28,162,218.22 0.00 0.00 53.40205411%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 11,828,203.43
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 11,828,203.43
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 14,780.54
Payment of Interest and Principal 11,813,422.89
Total Withdrawals (Pool Distribution Amount) 11,828,203.43
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 13,943.92
Trustee Fee - Wells Fargo Bank, N.A. 836.62
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 14,780.54
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 1 0 0 0 1
384,730.79 0.00 0.00 0.00 384,730.79
90 Days 1 0 0 0 1
520,580.76 0.00 0.00 0.00 520,580.76
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
905,311.55 0.00 0.00 0.00 905,311.55
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 0.149477% 0.000000% 0.000000% 0.000000% 0.149477%
0.118548% 0.000000% 0.000000% 0.000000% 0.118548%
90 Days 0.149477% 0.000000% 0.000000% 0.000000% 0.149477%
0.160408% 0.000000% 0.000000% 0.000000% 0.160408%
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 0.298954% 0.000000% 0.000000% 0.000000% 0.298954%
0.278956% 0.000000% 0.000000% 0.000000% 0.278956%
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 1 0 0 0 1
384,730.79 0.00 0.00 0.00 384,730.79
90 Days 1 0 0 0 1
520,580.76 0.00 0.00 0.00 520,580.76
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
905,311.55 0.00 0.00 0.00 905,311.55
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 0.189394% 0.000000% 0.000000% 0.000000% 0.189394%
0.148284% 0.000000% 0.000000% 0.000000% 0.148284%
90 Days 0.189394% 0.000000% 0.000000% 0.000000% 0.189394%
0.200644% 0.000000% 0.000000% 0.000000% 0.200644%
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 0.378788% 0.000000% 0.000000% 0.000000% 0.378788%
0.348928% 0.000000% 0.000000% 0.000000% 0.348928%
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 4,933.76
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.975030%
Weighted Average Pass-Through Rate 4.707143%
Weighted Average Maturity(Stepdown Calculation) 340
Beginning Scheduled Collateral Loan Count 691
Number Of Loans Paid In Full 22
Ending Scheduled Collateral Loan Count 669
Beginning Scheduled Collateral Balance 334,654,189.78
Ending Scheduled Collateral Balance 324,216,127.74
Ending Actual Collateral Balance at 30-Sep-2004 324,535,743.63
Monthly P &I Constant 1,764,463.44
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 11,325,768.30
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 324,216,127.74
Scheduled Principal 377,034.68
Unscheduled Principal 10,061,027.36
Miscellaneous Reporting
Total Senior Percentage 93.933998%
Aggregate Subordinate Percentage 6.066003%
Group Level Collateral Statement
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 4.523490 4.993616 5.437449
Weighted Average Net Rate 4.273490 4.743616 5.187450
Weighted Average Maturity 339 340 340
Beginning Loan Count 90 544 57
Loans Paid In Full 6 16 0
Ending Loan Count 84 528 57
Beginning Scheduled Balance 39,856,242.51 266,594,947.91 28,202,999.36
Ending scheduled Balance 36,833,569.75 259,220,339.77 28,162,218.22
Record Date 09/30/2004 09/30/2004 09/30/2004
Principal And Interest Constant 211,756.86 1,388,677.80 164,028.78
Scheduled Principal 61,515.76 279,283.79 36,235.13
Unscheduled Principal 2,961,157.00 7,095,324.35 4,546.01
Scheduled Interest 150,241.10 1,109,394.01 127,793.65
Servicing Fees 8,303.39 55,540.61 5,875.62
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 99.64 666.48 70.50
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 4,151.68 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 137,686.39 1,053,186.92 121,847.53
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 4.145490 4.740616 5.184449
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.975030
Weighted Average Net Rate 4.725030
Weighted Average Maturity 340
Beginning Loan Count 691
Loans Paid In Full 22
Ending Loan Count 669
Beginning Scheduled Balance 334,654,189.78
Ending scheduled Balance 324,216,127.74
Record Date 09/30/2004
Principal And Interest Constant 1,764,463.44
Scheduled Principal 377,034.68
Unscheduled Principal 10,061,027.36
Scheduled Interest 1,387,428.76
Servicing Fees 69,719.62
Master Servicing Fees 0.00
Trustee Fee 836.62
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 4,151.68
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 1,312,720.84
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 4.707143
Miscellaneous Reporting
Group 1
CPR 60.461571%
Group 1 Subordinate Percentage 8.071349%
Group 1 Subordinate Prepayment % 4.035675%
Group 1 Senior Prepayment Percentage 95.964325%
Group 1 Senior Percentage 91.928651%
Group 2
CPR 27.678343%
Group 2 Subordinate Percentage 5.927826%
Group 2 Subordinate Prepayment % 2.963913%
Group 2 Senior Prepayment Percentage 97.036087%
Group 2 Senior Percentage 94.072174%
Group 3
CPR 0.193504%
Group 3 Subordinate Percentage 4.531263%
Group 3 Subordinate Prepayment % 2.265632%
Group 3 Senior Prepayment Percentage 97.734368%
Group 3 Senior Percentage 95.468737%