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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-26 54-2144738
Pooling and Servicing Agreement) (Commission 54-2144739
(State or other File Number) 54-2144740
jurisdiction IRS EIN
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
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-2
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 2004-2 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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-2 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 2004-2 Trust,
relating to the October 25, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 9/30/2004
Distribution Date: 10/25/2004
BAA Series: 2004-2
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>
1A1 05948KLW7 SEQ 6.00000% 108,632,453.33 541,881.21 2,223,236.41
1AR 05948KLX5 SEQ 6.00000% 0.00 0.00 0.00
1AMR 05948KLY3 SEQ 6.00000% 0.00 0.00 0.00
1ALR 05948KLZ0 SEQ 6.00000% 0.00 0.00 0.00
2A1 05948KMA4 SEQ 5.00000% 22,808,446.62 94,811.05 436,158.38
2A2 05948KMB2 SEQ 5.25000% 14,114,000.00 61,603.11 0.00
2A3 05948KMC0 SEQ 6.00000% 2,211,000.00 11,028.93 0.00
2A4 05948KMD8 SEQ 2.24000% 11,404,223.31 21,237.68 218,079.19
2A5 05948KME6 IO 5.76000% 0.00 54,611.17 0.00
2A6 05948KMF3 IO 0.75000% 0.00 8,800.44 0.00
2A7 05948KMG1 SEQ 6.00000% 3,130,000.00 15,613.09 0.00
CBIO 05948KMH9 IO 0.24119% 0.00 11,531.46 0.00
3A1 05948KMJ5 SEQ 6.00000% 27,151,261.50 135,436.12 473,703.08
3IO 05948KMK2 IO 0.22778% 0.00 1,689.61 0.00
4A1 05948KML0 SEQ 4.75000% 34,262,668.24 135,623.09 436,975.66
5A1 05948KMM8 SEQ 5.50000% 32,874,884.47 150,676.59 574,484.69
15IO 05948KMN6 IO 0.32039% 0.00 11,946.53 0.00
PO 05948KMP1 PO 0.00000% 6,209,724.68 0.00 115,244.49
15B1 05948KMU0 SUB 5.11963% 1,015,122.19 4,330.88 4,076.59
15B2 05948KMV8 SUB 5.11963% 145,017.46 618.70 582.37
15B3 05948KMW6 SUB 5.11963% 218,012.82 930.12 875.51
15B4 05948KNB1 SUB 5.11963% 108,033.14 460.91 433.85
15B5 05948KNC9 SUB 5.11963% 72,995.36 311.42 293.14
15B6 05948KND7 SUB 5.11963% 109,209.83 465.93 438.57
30B1 05948KMR7 SUB 5.50000% 4,763,617.40 21,781.75 5,035.92
30B2 05948KMS5 SUB 5.50000% 2,104,808.02 9,624.28 2,225.13
30B3 05948KMT3 SUB 5.50000% 1,218,207.29 5,570.28 1,287.84
30B4 05948KMY2 SUB 6.00000% 1,107,009.88 5,521.99 1,170.29
30B5 05948KMZ9 SUB 6.00000% 665,198.76 3,318.15 703.22
30B6 05948KNA3 SUB 6.00000% 997,001.94 4,973.25 1,053.99
30BIO 05948KMQ9 IO 0.50000% 0.00 3,361.48 0.00
SES 05948KMX4 IO 0.00000% 0.00 48,211.56 0.00
Totals 275,322,896.24 1,365,970.78 4,496,058.32
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 106,409,216.91 2,765,117.62 0.00
1AR 0.00 0.00 0.00 0.00
1AMR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00
2A1 0.00 22,372,288.23 530,969.43 0.00
2A2 0.00 14,114,000.00 61,603.11 0.00
2A3 0.00 2,211,000.00 11,028.93 0.00
2A4 0.00 11,186,144.12 239,316.87 0.00
2A5 0.00 0.00 54,611.17 0.00
2A6 0.00 0.00 8,800.44 0.00
2A7 0.00 3,130,000.00 15,613.09 0.00
CBIO 0.00 0.00 11,531.46 0.00
3A1 0.00 26,677,558.42 609,139.20 0.00
3IO 0.00 0.00 1,689.61 0.00
4A1 0.00 33,825,692.58 572,598.75 0.00
5A1 0.00 32,300,399.78 725,161.28 0.00
15IO 0.00 0.00 11,946.53 0.00
PO 0.00 6,094,480.19 115,244.49 0.00
15B1 0.00 1,011,045.60 8,407.47 0.00
15B2 0.00 144,435.09 1,201.07 0.00
15B3 0.00 217,137.31 1,805.63 0.00
15B4 0.00 107,599.29 894.76 0.00
15B5 0.00 72,702.22 604.56 0.00
15B6 0.00 108,771.26 904.50 0.00
30B1 0.00 4,758,581.48 26,817.67 0.00
30B2 0.00 2,102,582.90 11,849.41 0.00
30B3 0.00 1,216,919.44 6,858.12 0.00
30B4 0.00 1,105,839.59 6,692.28 0.00
30B5 0.00 664,495.54 4,021.37 0.00
30B6 0.00 995,947.96 6,027.24 0.00
30BIO 0.00 0.00 3,361.48 0.00
SES 0.00 0.00 48,211.56 0.00
Totals 0.00 270,826,837.91 5,862,029.10 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>
1A1 117,132,000.00 108,632,453.33 117,493.59 2,105,742.82 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1AMR 25.00 0.00 0.00 0.00 0.00 0.00
1ALR 25.00 0.00 0.00 0.00 0.00 0.00
2A1 26,400,000.00 22,808,446.62 36,929.09 399,229.29 0.00 0.00
2A2 14,114,000.00 14,114,000.00 0.00 0.00 0.00 0.00
2A3 2,211,000.00 2,211,000.00 0.00 0.00 0.00 0.00
2A4 13,200,000.00 11,404,223.31 18,464.55 199,614.65 0.00 0.00
2A5 0.00 0.00 0.00 0.00 0.00 0.00
2A6 0.00 0.00 0.00 0.00 0.00 0.00
2A7 3,130,000.00 3,130,000.00 0.00 0.00 0.00 0.00
CBIO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 29,837,000.00 27,151,261.50 27,468.58 446,234.50 0.00 0.00
3IO 0.00 0.00 0.00 0.00 0.00 0.00
4A1 36,738,000.00 34,262,668.24 138,505.78 298,469.88 0.00 0.00
5A1 35,655,000.00 32,874,884.47 131,121.14 443,363.56 0.00 0.00
15IO 0.00 0.00 0.00 0.00 0.00 0.00
PO 6,537,180.00 6,209,724.68 8,176.59 107,067.90 0.00 0.00
15B1 1,043,000.00 1,015,122.19 4,076.59 0.00 0.00 0.00
15B2 149,000.00 145,017.46 582.37 0.00 0.00 0.00
15B3 224,000.00 218,012.82 875.51 0.00 0.00 0.00
15B4 111,000.00 108,033.14 433.85 0.00 0.00 0.00
15B5 75,000.00 72,995.36 293.14 0.00 0.00 0.00
15B6 112,209.00 109,209.83 438.57 0.00 0.00 0.00
30B1 4,798,000.00 4,763,617.40 5,035.92 0.00 0.00 0.00
30B2 2,120,000.00 2,104,808.02 2,225.13 0.00 0.00 0.00
30B3 1,227,000.00 1,218,207.29 1,287.84 0.00 0.00 0.00
30B4 1,115,000.00 1,107,009.88 1,170.29 0.00 0.00 0.00
30B5 670,000.00 665,198.76 703.22 0.00 0.00 0.00
30B6 1,004,198.00 997,001.94 1,053.99 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 297,602,687.00 275,322,896.24 496,335.74 3,999,722.60 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>
1A1 2,223,236.41 106,409,216.91 0.90845556 2,223,236.41
1AR 0.00 0.00 0.00000000 0.00
1AMR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 436,158.38 22,372,288.23 0.84743516 436,158.38
2A2 0.00 14,114,000.00 1.00000000 0.00
2A3 0.00 2,211,000.00 1.00000000 0.00
2A4 218,079.19 11,186,144.12 0.84743516 218,079.19
2A5 0.00 0.00 0.00000000 0.00
2A6 0.00 0.00 0.00000000 0.00
2A7 0.00 3,130,000.00 1.00000000 0.00
CBIO 0.00 0.00 0.00000000 0.00
3A1 473,703.08 26,677,558.42 0.89410994 473,703.08
3IO 0.00 0.00 0.00000000 0.00
4A1 436,975.66 33,825,692.58 0.92072765 436,975.66
5A1 574,484.69 32,300,399.78 0.90591501 574,484.69
15IO 0.00 0.00 0.00000000 0.00
PO 115,244.49 6,094,480.19 0.93227970 115,244.49
15B1 4,076.59 1,011,045.60 0.96936299 4,076.59
15B2 582.37 144,435.09 0.96936302 582.37
15B3 875.51 217,137.31 0.96936299 875.51
15B4 433.85 107,599.29 0.96936297 433.85
15B5 293.14 72,702.22 0.96936293 293.14
15B6 438.57 108,771.26 0.96936306 438.57
30B1 5,035.92 4,758,581.48 0.99178439 5,035.92
30B2 2,225.13 2,102,582.90 0.99178439 2,225.13
30B3 1,287.84 1,216,919.44 0.99178438 1,287.84
30B4 1,170.29 1,105,839.59 0.99178439 1,170.29
30B5 703.22 664,495.54 0.99178439 703.22
30B6 1,053.99 995,947.96 0.99178445 1,053.99
SES 0.00 0.00 0.00000000 0.00
Totals 4,496,058.32 270,826,837.91 0.91002820 4,496,058.32
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>
1A1 117,132,000.00 927.43616885 1.00308703 17.97751955 0.00000000
1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 26,400,000.00 863.95631136 1.39882917 15.12232159 0.00000000
2A2 14,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A3 2,211,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 13,200,000.00 863.95631136 1.39882955 15.12232197 0.00000000
2A5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A6 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A7 3,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CBIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 29,837,000.00 909.98630895 0.92062138 14.95574287 0.00000000
3IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4A1 36,738,000.00 932.62203277 3.77009581 8.12428221 0.00000000
5A1 35,655,000.00 922.02733053 3.67749656 12.43482148 0.00000000
15IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
PO 6,537,180.00 949.90878024 1.25078245 16.37830074 0.00000000
15B1 1,043,000.00 973.27151486 3.90852349 0.00000000 0.00000000
15B2 149,000.00 973.27154362 3.90852349 0.00000000 0.00000000
15B3 224,000.00 973.27151786 3.90852679 0.00000000 0.00000000
15B4 111,000.00 973.27153153 3.90855856 0.00000000 0.00000000
15B5 75,000.00 973.27146667 3.90853333 0.00000000 0.00000000
15B6 112,209.00 973.27157358 3.90851001 0.00000000 0.00000000
30B1 4,798,000.00 992.83397249 1.04958733 0.00000000 0.00000000
30B2 2,120,000.00 992.83397170 1.04958962 0.00000000 0.00000000
30B3 1,227,000.00 992.83397718 1.04958435 0.00000000 0.00000000
30B4 1,115,000.00 992.83397309 1.04958744 0.00000000 0.00000000
30B5 670,000.00 992.83397015 1.04958209 0.00000000 0.00000000
30B6 1,004,198.00 992.83402277 1.04958385 0.00000000 0.00000000
30BIO 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>
1A1 0.00000000 18.98060658 908.45556219 0.90845556 18.98060658
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 16.52115076 847.43516023 0.84743516 16.52115076
2A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A4 0.00000000 16.52115076 847.43516061 0.84743516 16.52115076
2A5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CBIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 15.87636425 894.10994470 0.89410994 15.87636425
3IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4A1 0.00000000 11.89437803 920.72765474 0.92072765 11.89437803
5A1 0.00000000 16.11231777 905.91501276 0.90591501 16.11231777
15IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
PO 0.00000000 17.62908318 932.27969706 0.93227970 17.62908318
15B1 0.00000000 3.90852349 969.36299137 0.96936299 3.90852349
15B2 0.00000000 3.90852349 969.36302013 0.96936302 3.90852349
15B3 0.00000000 3.90852679 969.36299107 0.96936299 3.90852679
15B4 0.00000000 3.90855856 969.36297297 0.96936297 3.90855856
15B5 0.00000000 3.90853333 969.36293333 0.96936293 3.90853333
15B6 0.00000000 3.90851001 969.36306357 0.96936306 3.90851001
30B1 0.00000000 1.04958733 991.78438516 0.99178439 1.04958733
30B2 0.00000000 1.04958962 991.78438679 0.99178439 1.04958962
30B3 0.00000000 1.04958435 991.78438468 0.99178438 1.04958435
30B4 0.00000000 1.04958744 991.78438565 0.99178439 1.04958744
30B5 0.00000000 1.04958209 991.78438806 0.99178439 1.04958209
30B6 0.00000000 1.04958385 991.78444888 0.99178445 1.04958385
30BIO 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>
1A1 117,132,000.00 6.00000% 108,632,453.33 543,162.27 0.00 0.00
1AR 50.00 6.00000% 0.00 0.00 0.00 0.00
1AMR 25.00 6.00000% 0.00 0.00 0.00 0.00
1ALR 25.00 6.00000% 0.00 0.00 0.00 0.00
2A1 26,400,000.00 5.00000% 22,808,446.62 95,035.19 0.00 0.00
2A2 14,114,000.00 5.25000% 14,114,000.00 61,748.75 0.00 0.00
2A3 2,211,000.00 6.00000% 2,211,000.00 11,055.00 0.00 0.00
2A4 13,200,000.00 2.24000% 11,404,223.31 21,287.88 0.00 0.00
2A5 0.00 5.76000% 11,404,223.31 54,740.27 0.00 0.00
2A6 0.00 0.75000% 14,114,000.00 8,821.25 0.00 0.00
2A7 3,130,000.00 6.00000% 3,130,000.00 15,650.00 0.00 0.00
CBIO 0.00 0.24119% 57,509,109.87 11,558.72 0.00 0.00
3A1 29,837,000.00 6.00000% 27,151,261.50 135,756.31 0.00 0.00
3IO 0.00 0.22778% 8,922,190.09 1,693.61 0.00 0.00
4A1 36,738,000.00 4.75000% 34,262,668.24 135,623.06 0.00 0.00
5A1 35,655,000.00 5.50000% 32,874,884.47 150,676.55 0.00 0.00
15IO 0.00 0.32039% 44,744,703.38 11,946.52 0.00 0.00
PO 6,537,180.00 0.00000% 6,209,724.68 0.00 0.00 0.00
15B1 1,043,000.00 5.11963% 1,015,122.19 4,330.88 0.00 0.00
15B2 149,000.00 5.11963% 145,017.46 618.70 0.00 0.00
15B3 224,000.00 5.11963% 218,012.82 930.12 0.00 0.00
15B4 111,000.00 5.11963% 108,033.14 460.91 0.00 0.00
15B5 75,000.00 5.11963% 72,995.36 311.42 0.00 0.00
15B6 112,209.00 5.11963% 109,209.83 465.93 0.00 0.00
30B1 4,798,000.00 5.50000% 4,763,617.40 21,833.25 0.00 0.00
30B2 2,120,000.00 5.50000% 2,104,808.02 9,647.04 0.00 0.00
30B3 1,227,000.00 5.50000% 1,218,207.29 5,583.45 0.00 0.00
30B4 1,115,000.00 6.00000% 1,107,009.88 5,535.05 0.00 0.00
30B5 670,000.00 6.00000% 665,198.76 3,325.99 0.00 0.00
30B6 1,004,198.00 6.00000% 997,001.94 4,985.01 0.00 0.00
30BIO 0.00 0.50000% 8,086,632.71 3,369.43 0.00 0.00
SES 0.00 0.00000% 275,322,897.26 0.00 0.00 0.00
Totals 297,602,687.00 1,320,152.56 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>
1A1 1,281.06 0.00 541,881.21 0.00 106,409,216.91
1AR 0.00 0.00 0.00 0.00 0.00
1AMR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00 0.00
2A1 224.14 0.00 94,811.05 0.00 22,372,288.23
2A2 145.64 0.00 61,603.11 0.00 14,114,000.00
2A3 26.07 0.00 11,028.93 0.00 2,211,000.00
2A4 50.21 0.00 21,237.68 0.00 11,186,144.12
2A5 129.11 0.00 54,611.17 0.00 11,186,144.12
2A6 20.81 0.00 8,800.44 0.00 14,114,000.00
2A7 36.91 0.00 15,613.09 0.00 3,130,000.00
CBIO 27.26 0.00 11,531.46 0.00 57,172,868.38
3A1 320.18 0.00 135,436.12 0.00 26,677,558.42
3IO 3.99 0.00 1,689.61 0.00 8,913,694.40
4A1 (0.03) 0.00 135,623.09 0.00 33,825,692.58
5A1 (0.03) 0.00 150,676.59 0.00 32,300,399.78
15IO 0.00 0.00 11,946.53 0.00 43,948,132.35
PO 0.00 0.00 0.00 0.00 6,094,480.19
15B1 0.00 0.00 4,330.88 0.00 1,011,045.60
15B2 0.00 0.00 618.70 0.00 144,435.09
15B3 0.00 0.00 930.12 0.00 217,137.31
15B4 0.00 0.00 460.91 0.00 107,599.29
15B5 0.00 0.00 311.42 0.00 72,702.22
15B6 0.00 0.00 465.93 0.00 108,771.26
30B1 51.49 0.00 21,781.75 0.00 4,758,581.48
30B2 22.75 0.00 9,624.28 0.00 2,102,582.90
30B3 13.17 0.00 5,570.28 0.00 1,216,919.44
30B4 13.05 0.00 5,521.99 0.00 1,105,839.59
30B5 7.84 0.00 3,318.15 0.00 664,495.54
30B6 11.76 0.00 4,973.25 0.00 995,947.96
30BIO 7.95 0.00 3,361.48 0.00 8,078,083.82
SES 0.00 0.00 48,211.56 0.00 270,826,838.92
Totals 2,393.33 0.00 1,365,970.78 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>
1A1 117,132,000.00 6.00000% 927.43616885 4.63718087 0.00000000 0.00000000
1AR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 26,400,000.00 5.00000% 863.95631136 3.59981780 0.00000000 0.00000000
2A2 14,114,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000
2A3 2,211,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
2A4 13,200,000.00 2.24000% 863.95631136 1.61271818 0.00000000 0.00000000
2A5 0.00 5.76000% 863.95631136 4.14699015 0.00000000 0.00000000
2A6 0.00 0.75000% 1000.00000000 0.62500000 0.00000000 0.00000000
2A7 3,130,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
CBIO 0.00 0.24119% 894.26439589 0.17973764 0.00000000 0.00000000
3A1 29,837,000.00 6.00000% 909.98630895 4.54993163 0.00000000 0.00000000
3IO 0.00 0.22778% 893.76468565 0.16965440 0.00000000 0.00000000
4A1 36,738,000.00 4.75000% 932.62203277 3.69162883 0.00000000 0.00000000
5A1 35,655,000.00 5.50000% 922.02733053 4.22595849 0.00000000 0.00000000
15IO 0.00 0.32039% 928.55843921 0.24791855 0.00000000 0.00000000
PO 6,537,180.00 0.00000% 949.90878024 0.00000000 0.00000000 0.00000000
15B1 1,043,000.00 5.11963% 973.27151486 4.15232982 0.00000000 0.00000000
15B2 149,000.00 5.11963% 973.27154362 4.15234899 0.00000000 0.00000000
15B3 224,000.00 5.11963% 973.27151786 4.15232143 0.00000000 0.00000000
15B4 111,000.00 5.11963% 973.27153153 4.15234234 0.00000000 0.00000000
15B5 75,000.00 5.11963% 973.27146667 4.15226667 0.00000000 0.00000000
15B6 112,209.00 5.11963% 973.27157358 4.15234072 0.00000000 0.00000000
30B1 4,798,000.00 5.50000% 992.83397249 4.55048979 0.00000000 0.00000000
30B2 2,120,000.00 5.50000% 992.83397170 4.55049057 0.00000000 0.00000000
30B3 1,227,000.00 5.50000% 992.83397718 4.55048900 0.00000000 0.00000000
30B4 1,115,000.00 6.00000% 992.83397309 4.96417040 0.00000000 0.00000000
30B5 670,000.00 6.00000% 992.83397015 4.96416418 0.00000000 0.00000000
30B6 1,004,198.00 6.00000% 992.83402277 4.96417041 0.00000000 0.00000000
30BIO 0.00 0.50000% 992.83397299 0.41368079 0.00000000 0.00000000
SES 0.00 0.00000% 925.13578774 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>
1A1 0.01093689 0.00000000 4.62624398 0.00000000 908.45556219
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00849015 0.00000000 3.59132765 0.00000000 847.43516023
2A2 0.01031883 0.00000000 4.36468117 0.00000000 1000.00000000
2A3 0.01179104 0.00000000 4.98820896 0.00000000 1000.00000000
2A4 0.00380379 0.00000000 1.60891515 0.00000000 847.43516061
2A5 0.00978106 0.00000000 4.13720985 0.00000000 847.43516061
2A6 0.00147442 0.00000000 0.62352558 0.00000000 1000.00000000
2A7 0.01179233 0.00000000 4.98820767 0.00000000 1000.00000000
CBIO 0.00042389 0.00000000 0.17931375 0.00000000 889.03585395
3A1 0.01073097 0.00000000 4.53920032 0.00000000 894.10994470
3IO 0.00039969 0.00000000 0.16925371 0.00000000 892.91364486
4A1 (0.00000082) 0.00000000 3.69162965 0.00000000 920.72765474
5A1 (0.00000084) 0.00000000 4.22595961 0.00000000 905.91501276
15IO 0.00000000 0.00000000 0.24791876 0.00000000 912.02770604
PO 0.00000000 0.00000000 0.00000000 0.00000000 932.27969706
15B1 0.00000000 0.00000000 4.15232982 0.00000000 969.36299137
15B2 0.00000000 0.00000000 4.15234899 0.00000000 969.36302013
15B3 0.00000000 0.00000000 4.15232143 0.00000000 969.36299107
15B4 0.00000000 0.00000000 4.15234234 0.00000000 969.36297297
15B5 0.00000000 0.00000000 4.15226667 0.00000000 969.36293333
15B6 0.00000000 0.00000000 4.15234072 0.00000000 969.36306357
30B1 0.01073155 0.00000000 4.53975615 0.00000000 991.78438516
30B2 0.01073113 0.00000000 4.53975472 0.00000000 991.78438679
30B3 0.01073350 0.00000000 4.53975550 0.00000000 991.78438468
30B4 0.01170404 0.00000000 4.95245740 0.00000000 991.78438565
30B5 0.01170149 0.00000000 4.95246269 0.00000000 991.78438806
30B6 0.01171084 0.00000000 4.95245957 0.00000000 991.78444888
30BIO 0.00097606 0.00000000 0.41270473 0.00000000 991.78438551
SES 0.00000000 0.00000000 0.16199975 0.00000000 910.02820128
<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>
CBIO-1 0.21607% 42,610,964.71 42,290,223.00 0.00 0.00 89.99593863%
CBIO-2 0.31303% 14,898,145.16 14,882,645.38 0.00 0.00 85.93948588%
3IO-1 0.22778% 8,922,190.09 8,913,694.40 0.00 0.00 89.29136449%
15IO-1 0.37212% 29,095,519.89 28,681,041.94 0.00 0.00 92.74705184%
15IO-2 0.22421% 15,649,183.49 15,267,090.41 0.00 0.00 88.43648880%
PO-1 0.00000% 0.00 0.00 2,863,915.13 2,815,002.09 93.77345051%
PO-2 0.00000% 0.00 0.00 2,165,370.65 2,111,922.31 92.74699341%
PO-3 0.00000% 0.00 0.00 827,894.85 816,922.91 93.25784975%
PO-4 0.00000% 0.00 0.00 158,677.78 157,975.96 91.88655518%
PO-5 0.00000% 0.00 0.00 193,866.27 192,656.93 91.62141481%
30BIO-1 0.50000% 4,763,617.40 4,758,581.48 0.00 0.00 99.17843852%
30BIO-2 0.50000% 2,104,808.02 2,102,582.90 0.00 0.00 99.17843868%
30BIO-3 0.50000% 1,218,207.29 1,216,919.44 0.00 0.00 99.17843847%
SES-1 0.00000% 117,641,241.19 115,362,445.63 0.00 0.00 91.32243080%
SES-2 0.00000% 58,971,887.72 58,260,962.01 0.00 0.00 90.33693590%
SES-3 0.00000% 29,551,280.16 29,065,014.64 0.00 0.00 89.99572690%
SES-4 0.00000% 35,267,481.86 34,826,383.90 0.00 0.00 92.18335154%
SES-5 0.00000% 33,891,006.33 33,312,032.74 0.00 0.00 90.74391105%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,875,221.46
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 5,875,221.46
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 13,192.36
Payment of Interest and Principal 5,862,029.10
Total Withdrawals (Pool Distribution Amount) 5,875,221.46
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 2,393.33
SERVICING FEES
<s> <c>
Gross Servicing Fee 11,471.62
Trustee Fee 1,720.74
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 13,192.36
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 2 0 0 2
250,279.83 0.00 0.00 250,279.83
30 Days 19 0 0 0 19
2,299,730.12 0.00 0.00 0.00 2,299,730.12
60 Days 1 1 0 0 2
114,212.87 487,618.87 0.00 0.00 601,831.74
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 20 3 0 0 23
2,413,942.99 737,898.70 0.00 0.00 3,151,841.69
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 0.098039% 0.000000% 0.000000% 0.098039%
0.092270% 0.000000% 0.000000% 0.092270%
30 Days 0.931373% 0.000000% 0.000000% 0.000000% 0.931373%
0.847831% 0.000000% 0.000000% 0.000000% 0.847831%
60 Days 0.049020% 0.049020% 0.000000% 0.000000% 0.098039%
0.042106% 0.179768% 0.000000% 0.000000% 0.221875%
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 0.980392% 0.147059% 0.000000% 0.000000% 1.127451%
0.889938% 0.272038% 0.000000% 0.000000% 1.161976%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 - 30 Year Fixed 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
177,479.55 0.00 0.00 177,479.55
30 Days 11 0 0 0 11
1,426,626.94 0.00 0.00 0.00 1,426,626.94
60 Days 1 0 0 0 1
114,212.87 0.00 0.00 0.00 114,212.87
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 12 1 0 0 13
1,540,839.81 177,479.55 0.00 0.00 1,718,319.36
0-29 Days 0.106045% 0.000000% 0.000000% 0.106045%
0.153697% 0.000000% 0.000000% 0.153697%
30 Days 1.166490% 0.000000% 0.000000% 0.000000% 1.166490%
1.235457% 0.000000% 0.000000% 0.000000% 1.235457%
60 Days 0.106045% 0.000000% 0.000000% 0.000000% 0.106045%
0.098908% 0.000000% 0.000000% 0.000000% 0.098908%
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 1.272534% 0.106045% 0.000000% 0.000000% 1.378579%
1.334366% 0.153697% 0.000000% 0.000000% 1.488063%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 - 30 Year Fixed 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
72,800.28 0.00 0.00 72,800.28
30 Days 5 0 0 0 5
636,493.78 0.00 0.00 0.00 636,493.78
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 5 1 0 0 6
636,493.78 72,800.28 0.00 0.00 709,294.06
0-29 Days 0.271739% 0.000000% 0.000000% 0.271739%
0.124849% 0.000000% 0.000000% 0.124849%
30 Days 1.358696% 0.000000% 0.000000% 0.000000% 1.358696%
1.091555% 0.000000% 0.000000% 0.000000% 1.091555%
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 1.358696% 0.271739% 0.000000% 0.000000% 1.630435%
1.091555% 0.124849% 0.000000% 0.000000% 1.216404%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 - 30 Year Fixed 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 1 0 0 1
0.00 487,618.87 0.00 0.00 487,618.87
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 1 0 0 1
0.00 487,618.87 0.00 0.00 487,618.87
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% 1.923077% 0.000000% 0.000000% 1.923077%
0.000000% 1.676208% 0.000000% 0.000000% 1.676208%
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% 1.923077% 0.000000% 0.000000% 1.923077%
0.000000% 1.676208% 0.000000% 0.000000% 1.676208%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 - 15 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
142,254.98 0.00 0.00 0.00 142,254.98
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 2 0 0 0 2
142,254.98 0.00 0.00 0.00 142,254.98
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.668896% 0.000000% 0.000000% 0.000000% 0.668896%
0.407090% 0.000000% 0.000000% 0.000000% 0.407090%
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 0.668896% 0.000000% 0.000000% 0.000000% 0.668896%
0.407090% 0.000000% 0.000000% 0.000000% 0.407090%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
5 - 15 Year Fixed 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 1 0 0 0 1
94,354.42 0.00 0.00 0.00 94,354.42
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 1 0 0 0 1
94,354.42 0.00 0.00 0.00 94,354.42
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.264550% 0.000000% 0.000000% 0.000000% 0.264550%
0.282251% 0.000000% 0.000000% 0.000000% 0.282251%
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 0.264550% 0.000000% 0.000000% 0.000000% 0.264550%
0.282251% 0.000000% 0.000000% 0.000000% 0.282251%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 17,705.91
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.011410%
Weighted Average Pass-Through Rate 5.753910%
Weighted Average Maturity(Stepdown Calculation ) 348
Beginning Scheduled Collateral Loan Count 2,061
Number Of Loans Paid In Full 21
Ending Scheduled Collateral Loan Count 2,040
Beginning Scheduled Collateral Balance 275,322,897.26
Ending Scheduled Collateral Balance 270,826,838.92
Ending Actual Collateral Balance at 30-Sep-2004 271,248,543.09
Monthly P &I Constant 1,875,568.12
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 5,506,148.32
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 270,826,838.92
Scheduled Principal 496,335.74
Unscheduled Principal 3,999,722.60
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 30 Year Fixed 3 - 30 Year Fixed
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.189696 6.116270 6.158180
Weighted Average Net Rate 5.939696 5.866270 5.908180
Weighted Average Maturity 345 351 351
Beginning Loan Count 953 371 53
Loans Paid In Full 10 3 1
Ending Loan Count 943 368 52
Beginning Scheduled Balance 117,641,241.19 58,971,887.72 29,551,280.16
Ending scheduled Balance 115,362,445.63 58,260,962.01 29,065,014.64
Record Date 09/30/2004 09/30/2004 09/30/2004
Principal And Interest Constant 734,432.05 361,588.66 181,587.83
Scheduled Principal 127,629.12 61,015.35 29,936.08
Unscheduled Principal 2,151,166.44 649,910.36 456,329.44
Scheduled Interest 606,802.93 300,573.31 151,651.75
Servicing Fees 24,508.61 12,285.79 6,156.52
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 735.25 368.56 184.69
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 581,559.07 287,918.96 145,310.54
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 5.932196 5.858770 5.900680
Group Level Collateral Statement
Group 4 - 15 Year Fixed 5 - 15 Year Fixed Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 5.293126 5.829572 6.011410
Weighted Average Net Rate 5.043126 5.579572 5.761410
Weighted Average Maturity 169 167 348
Beginning Loan Count 303 381 2,061
Loans Paid In Full 4 3 21
Ending Loan Count 299 378 2,040
Beginning Scheduled Balance 35,267,481.86 33,891,006.33 275,322,897.26
Ending scheduled Balance 34,826,383.90 33,312,032.74 270,826,838.92
Record Date 09/30/2004 09/30/2004 09/30/2004
Principal And Interest Constant 298,162.32 299,797.26 1,875,568.12
Scheduled Principal 142,599.64 135,155.55 496,335.74
Unscheduled Principal 298,498.32 443,818.04 3,999,722.60
Scheduled Interest 155,562.68 164,641.71 1,379,232.38
Servicing Fees 7,347.38 7,060.61 57,358.91
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 220.42 211.82 1,720.74
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 147,994.88 157,369.28 1,320,152.73
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 5.035626 5.572072 5.753910
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 19.884722%
Subordinate Percentage 5.353734%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.646266%
Group 2 - 30 Year Fixed
CPR 12.464066%
Subordinate Percentage 5.525504%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.474496%
Group 3 - 30 Year Fixed
CPR 17.050641%
Subordinate Percentage 5.473322%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.526678%
Miscellaneous Reporting
Group 4 - 15 Year Fixed
CPR 9.734441%
Subordinate Percentage 2.410036%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.589964%
Group 5 - 15 Year Fixed
CPR 14.685094%
Subordinate Percentage 2.440135%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.559865%
Group