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 2004-7 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-40 54-2157792
Pooling and Servicing Agreement) (Commission 54-2157793
(State or other File Number) 54-2157794
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 2004-7
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2004-7 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 2004-7 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 10/25/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-7 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: 2004-7
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-A-1 05949ALX6 SEN 6.00000% 142,828,052.17 714,140.26 2,242,089.43
1-A-R 05949ALY4 SEN 6.00000% 0.00 0.00 0.00
1-A-LR 05949ALZ1 SEN 6.00000% 0.00 0.00 0.00
2-A-1 05949AMA5 SEN 6.00000% 104,498,267.63 522,491.34 1,448,456.30
2-A-2 05949AMB3 SEN 6.00000% 1,055,928.27 5,279.64 14,636.28
CB-IO 05949AMC1 IO 6.00000% 0.00 39,162.76 0.00
3-A-1 05949AMD9 SEN 6.00000% 5,228,000.00 26,140.00 0.00
3-A-2 05949AME7 SEN 6.00000% 38,752,946.18 193,764.73 1,265,240.68
3-A-3 05949AMF4 SEN 6.00000% 2,120,000.00 10,600.00 0.00
3-A-4 05949AMG2 SEN 6.00000% 2,120,000.00 10,600.00 0.00
3-IO 05949AMH0 IO 6.00000% 0.00 4,773.42 0.00
4-A-1 05949AMJ6 SEN 5.00000% 34,078,474.81 141,993.65 135,226.79
5-A-1 05949AMK3 SEN 5.50000% 52,620,883.27 241,179.05 488,982.28
15-IO 05949ANA4 IO 5.00000% 0.00 11,517.73 0.00
X-PO 05949AML1 PO 0.00000% 4,696,116.58 0.00 50,244.99
15-PO 05949AMM9 PO 0.00000% 936,000.28 0.00 3,959.31
15-B-1 05949AMR8 SUB 5.30423% 2,402,676.94 10,620.29 8,735.52
15-B-2 05949AMS6 SUB 5.30423% 277,002.84 1,224.41 1,007.11
15-B-3 05949AMT4 SUB 5.30423% 277,002.84 1,224.41 1,007.11
15-B-4 05949AMX5 SUB 5.30423% 185,661.40 820.66 675.02
15-B-5 05949AMY3 SUB 5.30423% 92,334.28 408.14 335.70
15-B-6 05949AMZ0 SUB 5.30423% 184,866.20 817.14 671.92
30-B-1 05949AMN7 SUB 6.00000% 6,731,201.05 33,656.01 6,455.13
30-B-2 05949AMP2 SUB 6.00000% 3,203,907.97 16,019.54 3,072.50
30-B-3 05949AMQ0 SUB 6.00000% 1,923,342.89 9,616.71 1,844.46
30-B-4 05949AMU1 SUB 6.00000% 1,762,648.44 8,813.24 1,690.36
30-B-5 05949AMV9 SUB 6.00000% 1,441,259.54 7,206.30 1,382.15
30-B-6 05949AMW7 SUB 6.00000% 962,376.10 4,811.88 922.58
Totals 408,378,949.68 2,016,881.31 5,676,635.62
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 140,585,962.73 2,956,229.69 0.00
1-A-R 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00
2-A-1 0.00 103,049,811.33 1,970,947.64 0.00
2-A-2 0.00 1,041,291.99 19,915.92 0.00
CB-IO 0.00 0.00 39,162.76 0.00
3-A-1 0.00 5,228,000.00 26,140.00 0.00
3-A-2 0.00 37,487,705.49 1,459,005.41 0.00
3-A-3 0.00 2,120,000.00 10,600.00 0.00
3-A-4 0.00 2,120,000.00 10,600.00 0.00
3-IO 0.00 0.00 4,773.42 0.00
4-A-1 0.00 33,943,248.02 277,220.44 0.00
5-A-1 0.00 52,131,900.99 730,161.33 0.00
15-IO 0.00 0.00 11,517.73 0.00
X-PO 0.00 4,645,871.59 50,244.99 0.00
15-PO 0.00 932,040.97 3,959.31 0.00
15-B-1 0.00 2,393,941.42 19,355.81 0.00
15-B-2 0.00 275,995.73 2,231.52 0.00
15-B-3 0.00 275,995.73 2,231.52 0.00
15-B-4 0.00 184,986.38 1,495.68 0.00
15-B-5 0.00 91,998.58 743.84 0.00
15-B-6 0.00 184,194.29 1,489.06 0.00
30-B-1 0.00 6,724,745.92 40,111.14 0.00
30-B-2 0.00 3,200,835.47 19,092.04 0.00
30-B-3 0.00 1,921,498.43 11,461.17 0.00
30-B-4 0.00 1,760,958.08 10,503.60 0.00
30-B-5 0.00 1,439,877.39 8,588.45 0.00
30-B-6 0.00 961,453.52 5,734.46 0.00
Totals 0.00 402,702,314.05 7,693,516.93 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-A-1 145,430,000.00 142,828,052.17 136,401.81 2,105,687.62 0.00 0.00
1-A-R 50.00 0.00 0.00 0.00 0.00 0.00
1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-A-1 105,495,000.00 104,498,267.63 99,503.06 1,348,953.24 0.00 0.00
2-A-2 1,066,000.00 1,055,928.27 1,005.45 13,630.83 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 5,228,000.00 5,228,000.00 0.00 0.00 0.00 0.00
3-A-2 38,861,000.00 38,752,946.18 47,523.44 1,217,717.25 0.00 0.00
3-A-3 2,120,000.00 2,120,000.00 0.00 0.00 0.00 0.00
3-A-4 2,120,000.00 2,120,000.00 0.00 0.00 0.00 0.00
3-IO 0.00 0.00 0.00 0.00 0.00 0.00
4-A-1 34,348,000.00 34,078,474.81 128,139.64 7,087.15 0.00 0.00
5-A-1 54,305,000.00 52,620,883.27 187,104.17 301,878.11 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
X-PO 4,719,787.00 4,696,116.58 5,150.36 45,094.63 0.00 0.00
15-PO 947,416.00 936,000.28 3,606.33 352.98 0.00 0.00
15-B-1 2,420,000.00 2,402,676.94 8,735.52 0.00 0.00 0.00
15-B-2 279,000.00 277,002.84 1,007.11 0.00 0.00 0.00
15-B-3 279,000.00 277,002.84 1,007.11 0.00 0.00 0.00
15-B-4 187,000.00 185,661.40 675.02 0.00 0.00 0.00
15-B-5 93,000.00 92,334.28 335.70 0.00 0.00 0.00
15-B-6 186,199.00 184,866.20 671.92 0.00 0.00 0.00
30-B-1 6,744,000.00 6,731,201.05 6,455.13 0.00 0.00 0.00
30-B-2 3,210,000.00 3,203,907.97 3,072.50 0.00 0.00 0.00
30-B-3 1,927,000.00 1,923,342.89 1,844.46 0.00 0.00 0.00
30-B-4 1,766,000.00 1,762,648.44 1,690.36 0.00 0.00 0.00
30-B-5 1,444,000.00 1,441,259.54 1,382.15 0.00 0.00 0.00
30-B-6 964,206.00 962,376.10 922.58 0.00 0.00 0.00
Totals 414,139,708.00 408,378,949.68 636,233.82 5,040,401.81 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-A-1 2,242,089.43 140,585,962.73 0.96669162 2,242,089.43
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 1,448,456.30 103,049,811.33 0.97682176 1,448,456.30
2-A-2 14,636.28 1,041,291.99 0.97682175 14,636.28
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 0.00 5,228,000.00 1.00000000 0.00
3-A-2 1,265,240.68 37,487,705.49 0.96466137 1,265,240.68
3-A-3 0.00 2,120,000.00 1.00000000 0.00
3-A-4 0.00 2,120,000.00 1.00000000 0.00
3-IO 0.00 0.00 0.00000000 0.00
4-A-1 135,226.79 33,943,248.02 0.98821614 135,226.79
5-A-1 488,982.28 52,131,900.99 0.95998345 488,982.28
15-IO 0.00 0.00 0.00000000 0.00
X-PO 50,244.99 4,645,871.59 0.98433925 50,244.99
15-PO 3,959.31 932,040.97 0.98377162 3,959.31
15-B-1 8,735.52 2,393,941.42 0.98923199 8,735.52
15-B-2 1,007.11 275,995.73 0.98923201 1,007.11
15-B-3 1,007.11 275,995.73 0.98923201 1,007.11
15-B-4 675.02 184,986.38 0.98923198 675.02
15-B-5 335.70 91,998.58 0.98923204 335.70
15-B-6 671.92 184,194.29 0.98923351 671.92
30-B-1 6,455.13 6,724,745.92 0.99714501 6,455.13
30-B-2 3,072.50 3,200,835.47 0.99714501 3,072.50
30-B-3 1,844.46 1,921,498.43 0.99714501 1,844.46
30-B-4 1,690.36 1,760,958.08 0.99714501 1,690.36
30-B-5 1,382.15 1,439,877.39 0.99714501 1,382.15
30-B-6 922.58 961,453.52 0.99714534 922.58
Totals 5,676,635.62 402,702,314.05 0.97238276 5,676,635.62
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-A-1 145,430,000.00 982.10858949 0.93792072 14.47904573 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 105,495,000.00 990.55185203 0.94320167 12.78689265 0.00000000
2-A-2 1,066,000.00 990.55184803 0.94319887 12.78689493 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 5,228,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-2 38,861,000.00 997.21947917 1.22290831 31.33520110 0.00000000
3-A-3 2,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-4 2,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 34,348,000.00 992.15310382 3.73062886 0.20633370 0.00000000
5-A-1 54,305,000.00 968.98781457 3.44543173 5.55893767 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 4,719,787.00 994.98485419 1.09122721 9.55437820 0.00000000
15-PO 947,416.00 987.95067848 3.80649050 0.37257129 0.00000000
15-B-1 2,420,000.00 992.84171074 3.60971901 0.00000000 0.00000000
15-B-2 279,000.00 992.84172043 3.60971326 0.00000000 0.00000000
15-B-3 279,000.00 992.84172043 3.60971326 0.00000000 0.00000000
15-B-4 187,000.00 992.84171123 3.60973262 0.00000000 0.00000000
15-B-5 93,000.00 992.84172043 3.60967742 0.00000000 0.00000000
15-B-6 186,199.00 992.84206682 3.60861229 0.00000000 0.00000000
30-B-1 6,744,000.00 998.10217230 0.95716637 0.00000000 0.00000000
30-B-2 3,210,000.00 998.10217134 0.95716511 0.00000000 0.00000000
30-B-3 1,927,000.00 998.10217436 0.95716658 0.00000000 0.00000000
30-B-4 1,766,000.00 998.10217441 0.95716874 0.00000000 0.00000000
30-B-5 1,444,000.00 998.10217452 0.95716759 0.00000000 0.00000000
30-B-6 964,206.00 998.10216904 0.95682873 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-A-1 0.00000000 15.41696644 966.69162298 0.96669162 15.41696644
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 13.73009432 976.82175771 0.97682176 13.73009432
2-A-2 0.00000000 13.73009381 976.82175422 0.97682175 13.73009381
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-2 0.00000000 32.55810916 964.66136975 0.96466137 32.55810916
3-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 0.00000000 3.93696256 988.21614126 0.98821614 3.93696256
5-A-1 0.00000000 9.00436940 959.98344517 0.95998345 9.00436940
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 0.00000000 10.64560541 984.33924878 0.98433925 10.64560541
15-PO 0.00000000 4.17906178 983.77161669 0.98377162 4.17906178
15-B-1 0.00000000 3.60971901 989.23199174 0.98923199 3.60971901
15-B-2 0.00000000 3.60971326 989.23200717 0.98923201 3.60971326
15-B-3 0.00000000 3.60971326 989.23200717 0.98923201 3.60971326
15-B-4 0.00000000 3.60973262 989.23197861 0.98923198 3.60973262
15-B-5 0.00000000 3.60967742 989.23204301 0.98923204 3.60967742
15-B-6 0.00000000 3.60861229 989.23350824 0.98923351 3.60861229
30-B-1 0.00000000 0.95716637 997.14500593 0.99714501 0.95716637
30-B-2 0.00000000 0.95716511 997.14500623 0.99714501 0.95716511
30-B-3 0.00000000 0.95716658 997.14500778 0.99714501 0.95716658
30-B-4 0.00000000 0.95716874 997.14500566 0.99714501 0.95716874
30-B-5 0.00000000 0.95716759 997.14500693 0.99714501 0.95716759
30-B-6 0.00000000 0.95682873 997.14534031 0.99714534 0.95682873
<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-A-1 145,430,000.00 6.00000% 142,828,052.17 714,140.26 0.00 0.00
1-A-R 50.00 6.00000% 0.00 0.00 0.00 0.00
1-A-LR 50.00 6.00000% 0.00 0.00 0.00 0.00
2-A-1 105,495,000.00 6.00000% 104,498,267.63 522,491.34 0.00 0.00
2-A-2 1,066,000.00 6.00000% 1,055,928.27 5,279.64 0.00 0.00
CB-IO 0.00 6.00000% 7,832,552.43 39,162.76 0.00 0.00
3-A-1 5,228,000.00 6.00000% 5,228,000.00 26,140.00 0.00 0.00
3-A-2 38,861,000.00 6.00000% 38,752,946.18 193,764.73 0.00 0.00
3-A-3 2,120,000.00 6.00000% 2,120,000.00 10,600.00 0.00 0.00
3-A-4 2,120,000.00 6.00000% 2,120,000.00 10,600.00 0.00 0.00
3-IO 0.00 6.00000% 954,684.12 4,773.42 0.00 0.00
4-A-1 34,348,000.00 5.00000% 34,078,474.81 141,993.65 0.00 0.00
5-A-1 54,305,000.00 5.50000% 52,620,883.27 241,179.05 0.00 0.00
15-IO 0.00 5.00000% 2,764,254.72 11,517.73 0.00 0.00
X-PO 4,719,787.00 0.00000% 4,696,116.58 0.00 0.00 0.00
15-PO 947,416.00 0.00000% 936,000.28 0.00 0.00 0.00
15-B-1 2,420,000.00 5.30423% 2,402,676.94 10,620.29 0.00 0.00
15-B-2 279,000.00 5.30423% 277,002.84 1,224.41 0.00 0.00
15-B-3 279,000.00 5.30423% 277,002.84 1,224.41 0.00 0.00
15-B-4 187,000.00 5.30423% 185,661.40 820.66 0.00 0.00
15-B-5 93,000.00 5.30423% 92,334.28 408.14 0.00 0.00
15-B-6 186,199.00 5.30423% 184,866.20 817.14 0.00 0.00
30-B-1 6,744,000.00 6.00000% 6,731,201.05 33,656.01 0.00 0.00
30-B-2 3,210,000.00 6.00000% 3,203,907.97 16,019.54 0.00 0.00
30-B-3 1,927,000.00 6.00000% 1,923,342.89 9,616.71 0.00 0.00
30-B-4 1,766,000.00 6.00000% 1,762,648.44 8,813.24 0.00 0.00
30-B-5 1,444,000.00 6.00000% 1,441,259.54 7,206.30 0.00 0.00
30-B-6 964,206.00 6.00000% 962,376.10 4,811.88 0.00 0.00
Totals 414,139,708.00 2,016,881.31 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-A-1 0.00 0.00 714,140.26 0.00 140,585,962.73
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 0.00 0.00 522,491.34 0.00 103,049,811.33
2-A-2 0.00 0.00 5,279.64 0.00 1,041,291.99
CB-IO 0.00 0.00 39,162.76 0.00 7,656,519.48
3-A-1 0.00 0.00 26,140.00 0.00 5,228,000.00
3-A-2 0.00 0.00 193,764.73 0.00 37,487,705.49
3-A-3 0.00 0.00 10,600.00 0.00 2,120,000.00
3-A-4 0.00 0.00 10,600.00 0.00 2,120,000.00
3-IO 0.00 0.00 4,773.42 0.00 888,577.90
4-A-1 0.00 0.00 141,993.65 0.00 33,943,248.02
5-A-1 0.00 0.00 241,179.05 0.00 52,131,900.99
15-IO 0.00 0.00 11,517.73 0.00 2,752,743.24
X-PO 0.00 0.00 0.00 0.00 4,645,871.59
15-PO 0.00 0.00 0.00 0.00 932,040.97
15-B-1 0.00 0.00 10,620.29 0.00 2,393,941.42
15-B-2 0.00 0.00 1,224.41 0.00 275,995.73
15-B-3 0.00 0.00 1,224.41 0.00 275,995.73
15-B-4 0.00 0.00 820.66 0.00 184,986.38
15-B-5 0.00 0.00 408.14 0.00 91,998.58
15-B-6 0.00 0.00 817.14 0.00 184,194.29
30-B-1 0.00 0.00 33,656.01 0.00 6,724,745.92
30-B-2 0.00 0.00 16,019.54 0.00 3,200,835.47
30-B-3 0.00 0.00 9,616.71 0.00 1,921,498.43
30-B-4 0.00 0.00 8,813.24 0.00 1,760,958.08
30-B-5 0.00 0.00 7,206.30 0.00 1,439,877.39
30-B-6 0.00 0.00 4,811.88 0.00 961,453.52
Totals 0.00 0.00 2,016,881.31 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A-1 145,430,000.00 6.00000% 982.10858949 4.91054294 0.00000000 0.00000000
1-A-R 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 105,495,000.00 6.00000% 990.55185203 4.95275928 0.00000000 0.00000000
2-A-2 1,066,000.00 6.00000% 990.55184803 4.95275797 0.00000000 0.00000000
CB-IO 0.00 6.00000% 970.75682707 4.85378387 0.00000000 0.00000000
3-A-1 5,228,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-2 38,861,000.00 6.00000% 997.21947917 4.98609737 0.00000000 0.00000000
3-A-3 2,120,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-4 2,120,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-IO 0.00 6.00000% 998.17354310 4.99086709 0.00000000 0.00000000
4-A-1 34,348,000.00 5.00000% 992.15310382 4.13397141 0.00000000 0.00000000
5-A-1 54,305,000.00 5.50000% 968.98781457 4.44119418 0.00000000 0.00000000
15-IO 0.00 5.00000% 960.99556085 4.00414887 0.00000000 0.00000000
X-PO 4,719,787.00 0.00000% 994.98485419 0.00000000 0.00000000 0.00000000
15-PO 947,416.00 0.00000% 987.95067848 0.00000000 0.00000000 0.00000000
15-B-1 2,420,000.00 5.30423% 992.84171074 4.38854959 0.00000000 0.00000000
15-B-2 279,000.00 5.30423% 992.84172043 4.38856631 0.00000000 0.00000000
15-B-3 279,000.00 5.30423% 992.84172043 4.38856631 0.00000000 0.00000000
15-B-4 187,000.00 5.30423% 992.84171123 4.38855615 0.00000000 0.00000000
15-B-5 93,000.00 5.30423% 992.84172043 4.38860215 0.00000000 0.00000000
15-B-6 186,199.00 5.30423% 992.84206682 4.38853055 0.00000000 0.00000000
30-B-1 6,744,000.00 6.00000% 998.10217230 4.99051157 0.00000000 0.00000000
30-B-2 3,210,000.00 6.00000% 998.10217134 4.99051090 0.00000000 0.00000000
30-B-3 1,927,000.00 6.00000% 998.10217436 4.99050856 0.00000000 0.00000000
30-B-4 1,766,000.00 6.00000% 998.10217441 4.99050963 0.00000000 0.00000000
30-B-5 1,444,000.00 6.00000% 998.10217452 4.99051247 0.00000000 0.00000000
30-B-6 964,206.00 6.00000% 998.10216904 4.99051033 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-A-1 0.00000000 0.00000000 4.91054294 0.00000000 966.69162298
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 4.95275928 0.00000000 976.82175771
2-A-2 0.00000000 0.00000000 4.95275797 0.00000000 976.82175422
CB-IO 0.00000000 0.00000000 4.85378387 0.00000000 948.93952173
3-A-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-A-2 0.00000000 0.00000000 4.98609737 0.00000000 964.66136975
3-A-3 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-A-4 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-IO 0.00000000 0.00000000 4.99086709 0.00000000 929.05593817
4-A-1 0.00000000 0.00000000 4.13397141 0.00000000 988.21614126
5-A-1 0.00000000 0.00000000 4.44119418 0.00000000 959.98344517
15-IO 0.00000000 0.00000000 4.00414887 0.00000000 956.99358480
X-PO 0.00000000 0.00000000 0.00000000 0.00000000 984.33924878
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 983.77161669
15-B-1 0.00000000 0.00000000 4.38854959 0.00000000 989.23199174
15-B-2 0.00000000 0.00000000 4.38856631 0.00000000 989.23200717
15-B-3 0.00000000 0.00000000 4.38856631 0.00000000 989.23200717
15-B-4 0.00000000 0.00000000 4.38855615 0.00000000 989.23197861
15-B-5 0.00000000 0.00000000 4.38860215 0.00000000 989.23204301
15-B-6 0.00000000 0.00000000 4.38853055 0.00000000 989.23350824
30-B-1 0.00000000 0.00000000 4.99051157 0.00000000 997.14500593
30-B-2 0.00000000 0.00000000 4.99051090 0.00000000 997.14500623
30-B-3 0.00000000 0.00000000 4.99050856 0.00000000 997.14500778
30-B-4 0.00000000 0.00000000 4.99050963 0.00000000 997.14500566
30-B-5 0.00000000 0.00000000 4.99051247 0.00000000 997.14500693
30-B-6 0.00000000 0.00000000 4.99051033 0.00000000 997.14534031
<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% 4,736,120.31 4,633,809.56 0.00 0.00 95.09730272%
2-IO 6.00000% 3,096,432.12 3,022,709.92 0.00 0.00 94.58389908%
3-IO-1 6.00000% 954,684.12 888,577.90 0.00 0.00 92.90559382%
15-IO-1 5.00000% 797,439.52 794,405.07 0.00 0.00 98.86747064%
15-IO-2 5.00000% 1,966,815.19 1,958,338.18 0.00 0.00 94.47134993%
X-PO-1 0.00000% 0.00 0.00 2,091,174.85 2,071,892.04 98.28075798%
X-PO-2 0.00000% 0.00 0.00 1,251,669.24 1,243,712.71 99.13379059%
X-PO-3 0.00000% 0.00 0.00 1,333,614.41 1,310,697.19 98.02749368%
X-PO-4 0.00000% 0.00 0.00 9,919.91 9,880.06 98.80060000%
X-PO-5 0.00000% 0.00 0.00 9,738.17 9,689.60 96.89600000%
15-PO-4 0.00000% 0.00 0.00 730,899.80 727,963.51 98.80055945%
15-PO-5 0.00000% 0.00 0.00 205,100.48 204,077.46 96.89597607%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 7,764,414.80
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 16,052.85
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 7,780,467.65
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 86,950.72
Payment of Interest and Principal 7,693,516.93
Total Withdrawals (Pool Distribution Amount) 7,780,467.65
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 85,078.94
Trustee Fee - Wells Fargo Bank, N.A. 1,871.78
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 86,950.72
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 1 0 0 1
79,002.34 0.00 0.00 79,002.34
30 Days 16 0 0 0 16
2,282,007.51 0.00 0.00 0.00 2,282,007.51
60 Days 1 0 0 0 1
61,888.73 0.00 0.00 0.00 61,888.73
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 17 1 0 0 18
2,343,896.24 79,002.34 0.00 0.00 2,422,898.58
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 0.034662% 0.000000% 0.000000% 0.034662%
0.019593% 0.000000% 0.000000% 0.019593%
30 Days 0.554593% 0.000000% 0.000000% 0.000000% 0.554593%
0.565953% 0.000000% 0.000000% 0.000000% 0.565953%
60 Days 0.034662% 0.000000% 0.000000% 0.000000% 0.034662%
0.015349% 0.000000% 0.000000% 0.000000% 0.015349%
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 0.589255% 0.034662% 0.000000% 0.000000% 0.623917%
0.581302% 0.019593% 0.000000% 0.000000% 0.600895%
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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 7 0 0 0 7
850,732.60 0.00 0.00 0.00 850,732.60
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 7 0 0 0 7
850,732.60 0.00 0.00 0.00 850,732.60
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.573301% 0.000000% 0.000000% 0.000000% 0.573301%
0.565194% 0.000000% 0.000000% 0.000000% 0.565194%
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 0.573301% 0.000000% 0.000000% 0.000000% 0.573301%
0.565194% 0.000000% 0.000000% 0.000000% 0.565194%
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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
487,157.71 0.00 0.00 0.00 487,157.71
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
487,157.71 0.00 0.00 0.00 487,157.71
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.281690% 0.000000% 0.000000% 0.000000% 0.281690%
0.438599% 0.000000% 0.000000% 0.000000% 0.438599%
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 0.281690% 0.000000% 0.000000% 0.000000% 0.281690%
0.438599% 0.000000% 0.000000% 0.000000% 0.438599%
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 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>
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 1 0 0 1
79,002.34 0.00 0.00 79,002.34
30 Days 6 0 0 0 6
910,051.06 0.00 0.00 0.00 910,051.06
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 6 1 0 0 7
910,051.06 79,002.34 0.00 0.00 989,053.40
0-29 Days 0.323625% 0.000000% 0.000000% 0.323625%
0.218676% 0.000000% 0.000000% 0.218676%
30 Days 1.941748% 0.000000% 0.000000% 0.000000% 1.941748%
2.518988% 0.000000% 0.000000% 0.000000% 2.518988%
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 1.941748% 0.323625% 0.000000% 0.000000% 2.265372%
2.518988% 0.218676% 0.000000% 0.000000% 2.737663%
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
34,066.14 0.00 0.00 0.00 34,066.14
60 Days 1 0 0 0 1
61,888.73 0.00 0.00 0.00 61,888.73
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
95,954.87 0.00 0.00 0.00 95,954.87
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.185185% 0.000000% 0.000000% 0.000000% 0.185185%
0.062414% 0.000000% 0.000000% 0.000000% 0.062414%
60 Days 0.185185% 0.000000% 0.000000% 0.000000% 0.185185%
0.113390% 0.000000% 0.000000% 0.000000% 0.113390%
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 0.370370% 0.000000% 0.000000% 0.000000% 0.370370%
0.175804% 0.000000% 0.000000% 0.000000% 0.175804%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 16,052.85
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.181997%
Weighted Average Pass-Through Rate 5.926496%
Weighted Average Maturity(Stepdown Calculation ) 284
Beginning Scheduled Collateral Loan Count 2,911
Number Of Loans Paid In Full 26
Ending Scheduled Collateral Loan Count 2,885
Beginning Scheduled Collateral Balance 408,378,949.77
Ending Scheduled Collateral Balance 402,702,313.62
Ending Actual Collateral Balance at 30-Sep-2004 403,215,191.42
Monthly P &I Constant 2,740,065.88
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 7,351,162.24
Class AP Deferred Amount 0.00
Scheduled Principal 636,234.35
Unscheduled Principal 5,040,401.80
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 30 Year Fixed 3 - 30 Year Fixed
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year
Weighted Average Coupon Rate 6.359447 6.353912 6.211915
Weighted Average Net Rate 6.109447 6.103911 5.961915
Weighted Average Maturity 355 356 355
Beginning Loan Count 1,234 718 107
Loans Paid In Full 13 8 2
Ending Loan Count 1,221 710 105
Beginning Scheduled Balance 152,669,892.33 112,470,109.38 52,164,387.05
Ending scheduled Balance 150,401,118.14 110,993,666.79 50,873,657.07
Record Date 09/30/2004 09/30/2004 09/30/2004
Principal And Interest Constant 955,130.07 702,800.09 321,582.14
Scheduled Principal 146,050.02 107,279.15 51,548.21
Unscheduled Principal 2,122,724.17 1,369,163.44 1,239,181.77
Scheduled Interest 809,080.05 595,520.94 270,033.93
Servicing Fees 31,806.23 23,431.28 10,867.58
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 699.76 515.49 239.10
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 776,574.06 571,574.17 258,927.25
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 6.103947 6.098412 5.956415
Group Level Collateral Statement
Group 4 - 15 Year Fixed 5 - 15 Year Fixed Total
Collateral Description Fixed 15 Year Fixed 15 Year Mixed Fixed
Weighted Average Coupon Rate 5.263330 5.913054 6.181997
Weighted Average Net Rate 5.013329 5.663054 5.931997
Weighted Average Maturity 176 176 284
Beginning Loan Count 309 543 2,911
Loans Paid In Full 0 3 26
Ending Loan Count 309 540 2,885
Beginning Scheduled Balance 36,158,188.61 54,916,372.40 408,378,949.77
Ending scheduled Balance 36,014,951.26 54,418,920.36 402,702,313.62
Record Date 09/30/2004 09/30/2004 09/30/2004
Principal And Interest Constant 294,666.88 465,886.70 2,740,065.88
Scheduled Principal 136,073.16 195,283.81 636,234.35
Unscheduled Principal 7,164.19 302,168.23 5,040,401.80
Scheduled Interest 158,593.72 270,602.89 2,103,831.53
Servicing Fees 7,532.96 11,440.89 85,078.94
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 165.73 251.70 1,871.78
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 150,895.03 258,910.30 2,016,880.81
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 5.007830 5.657554 5.926496
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 15.479914%
Subordinate % 5.147251%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.852749%
Group 2 - 30 Year Fixed
CPR 13.681010%
Subordinate % 5.092899%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.907101%
Group 3 - 30 Year Fixed
CPR 25.083287%
Subordinate % 5.134343%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.865657%
Miscellaneous Reporting
Group 4 - 15 Year Fixed
CPR 0.238399%
Subordinate % 3.780330%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.219670%
Group 5 - 15 Year Fixed
CPR 6.428775%
Subordinate % 3.803640%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.196360%
Group