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 2004-8 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-43 54-6636502
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On October 25, 2004 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-8
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2004-8 Trust, relating to the
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 2004-8 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 10/25/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-8 Trust,
relating to the 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: 2004-8
Contact: Customer Service - SecuritiesLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 05948KTF6 SEN 6.00000% 108,814,265.01 544,071.33 1,134,617.86
1-CB-R 05948KTG4 SEN 6.00000% 0.00 0.02 0.00
2-CB-1 05948KTH2 SEN 6.00000% 100,947,580.77 504,737.90 847,834.59
CB-IO 05948KTJ8 SEN 6.00000% 0.00 61,782.94 0.00
3-A-1 05948KTK5 SEN 5.50000% 50,827,613.57 232,959.90 1,577,547.56
15-IO 05948KTL3 SEN 5.50000% 0.00 9,736.60 0.00
X-PO 05948KTM1 PO 0.00000% 584,523.96 0.00 2,289.99
15-PO 05948KTN9 PO 0.00000% 474,420.21 0.00 1,945.65
15-B-1 05948KTS8 SUB 5.50000% 1,033,354.74 4,736.21 3,667.96
15-B-2 05948KTT6 SUB 5.50000% 158,441.08 726.19 562.40
15-B-3 05948KTU3 SUB 5.50000% 159,437.57 730.76 565.93
15-B-4 05948KUD9 SUB 5.50000% 105,627.39 484.13 374.93
15-B-5 05948KUE7 SUB 5.50000% 52,813.69 242.06 187.47
15-B-6 05948KUF4 SUB 5.50000% 106,532.20 488.27 378.14
30-B-1 05948KTP4 SUB 6.00000% 4,424,999.93 22,125.00 4,024.91
30-B-2 05948KTQ2 SUB 6.00000% 1,991,200.01 9,956.00 1,811.16
30-B-3 05948KTR0 SUB 6.00000% 1,106,999.30 5,535.00 1,006.91
30-B-4 05948KUA5 SUB 6.00000% 1,106,000.21 5,530.00 1,006.00
30-B-5 05948KUB3 SUB 6.00000% 664,399.40 3,322.00 604.33
30-B-6 05948KUC1 SUB 6.00000% 995,733.88 4,978.67 905.63
Totals 273,553,942.92 1,412,142.98 3,579,331.42
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 0.00 107,679,647.15 1,678,689.19 0.00
1-CB-R 0.00 0.00 0.02 0.00
2-CB-1 0.00 100,099,746.18 1,352,572.49 0.00
CB-IO 0.00 0.00 61,782.94 0.00
3-A-1 0.00 49,250,066.00 1,810,507.46 0.00
15-IO 0.00 0.00 9,736.60 0.00
X-PO 0.00 582,233.97 2,289.99 0.00
15-PO 0.00 472,474.56 1,945.65 0.00
15-B-1 0.00 1,029,686.79 8,404.17 0.00
15-B-2 0.00 157,878.69 1,288.59 0.00
15-B-3 0.00 158,871.64 1,296.69 0.00
15-B-4 0.00 105,252.46 859.06 0.00
15-B-5 0.00 52,626.23 429.53 0.00
15-B-6 0.00 106,154.05 866.41 0.00
30-B-1 0.00 4,420,975.02 26,149.91 0.00
30-B-2 0.00 1,989,388.85 11,767.16 0.00
30-B-3 0.00 1,105,992.40 6,541.91 0.00
30-B-4 0.00 1,104,994.21 6,536.00 0.00
30-B-5 0.00 663,795.08 3,926.33 0.00
30-B-6 0.00 994,828.25 5,884.30 0.00
Totals 0.00 269,974,611.53 4,991,474.40 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 109,301,000.00 108,814,265.01 98,834.71 1,035,783.15 0.00 0.00
1-CB-R 100.00 0.00 0.00 0.00 0.00 0.00
2-CB-1 101,300,000.00 100,947,580.77 91,961.31 755,873.27 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 51,035,000.00 50,827,613.57 180,415.70 1,397,131.87 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
X-PO 585,353.00 584,523.96 693.74 1,596.25 0.00 0.00
15-PO 476,514.00 474,420.21 1,759.98 185.66 0.00 0.00
15-B-1 1,037,000.00 1,033,354.74 3,667.96 0.00 0.00 0.00
15-B-2 159,000.00 158,441.08 562.40 0.00 0.00 0.00
15-B-3 160,000.00 159,437.57 565.93 0.00 0.00 0.00
15-B-4 106,000.00 105,627.39 374.93 0.00 0.00 0.00
15-B-5 53,000.00 52,813.69 187.47 0.00 0.00 0.00
15-B-6 106,908.00 106,532.20 378.14 0.00 0.00 0.00
30-B-1 4,429,000.00 4,424,999.93 4,024.91 0.00 0.00 0.00
30-B-2 1,993,000.00 1,991,200.01 1,811.16 0.00 0.00 0.00
30-B-3 1,108,000.00 1,106,999.30 1,006.91 0.00 0.00 0.00
30-B-4 1,107,000.00 1,106,000.21 1,006.00 0.00 0.00 0.00
30-B-5 665,000.00 664,399.40 604.33 0.00 0.00 0.00
30-B-6 996,634.00 995,733.88 905.63 0.00 0.00 0.00
Totals 274,618,509.00 273,553,942.92 388,761.21 3,190,570.20 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1-CB-1 1,134,617.86 107,679,647.15 0.98516617 1,134,617.86
1-CB-R 0.00 0.00 0.00000000 0.00
2-CB-1 847,834.59 100,099,746.18 0.98815149 847,834.59
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 1,577,547.56 49,250,066.00 0.96502530 1,577,547.56
15-IO 0.00 0.00 0.00000000 0.00
X-PO 2,289.99 582,233.97 0.99467154 2,289.99
15-PO 1,945.65 472,474.56 0.99152294 1,945.65
15-B-1 3,667.96 1,029,686.79 0.99294772 3,667.96
15-B-2 562.40 157,878.69 0.99294774 562.40
15-B-3 565.93 158,871.64 0.99294775 565.93
15-B-4 374.93 105,252.46 0.99294774 374.93
15-B-5 187.47 52,626.23 0.99294774 187.47
15-B-6 378.14 106,154.05 0.99294767 378.14
30-B-1 4,024.91 4,420,975.02 0.99818808 4,024.91
30-B-2 1,811.16 1,989,388.85 0.99818808 1,811.16
30-B-3 1,006.91 1,105,992.40 0.99818809 1,006.91
30-B-4 1,006.00 1,104,994.21 0.99818808 1,006.00
30-B-5 604.33 663,795.08 0.99818809 604.33
30-B-6 905.63 994,828.25 0.99818815 905.63
Totals 3,579,331.42 269,974,611.53 0.98308964 3,579,331.42
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1-CB-1 109,301,000.00 995.54683864 0.90424342 9.47642885 0.00000000
1-CB-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 101,300,000.00 996.52103425 0.90781155 7.46173021 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 51,035,000.00 995.93638816 3.53513667 27.37595513 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 585,353.00 998.58369223 1.18516519 2.72698696 0.00000000
15-PO 476,514.00 995.60602627 3.69344867 0.38962129 0.00000000
15-B-1 1,037,000.00 996.48480231 3.53708775 0.00000000 0.00000000
15-B-2 159,000.00 996.48477987 3.53710692 0.00000000 0.00000000
15-B-3 160,000.00 996.48481250 3.53706250 0.00000000 0.00000000
15-B-4 106,000.00 996.48481132 3.53707547 0.00000000 0.00000000
15-B-5 53,000.00 996.48471698 3.53716981 0.00000000 0.00000000
15-B-6 106,908.00 996.48482808 3.53705990 0.00000000 0.00000000
30-B-1 4,429,000.00 999.09684579 0.90876270 0.00000000 0.00000000
30-B-2 1,993,000.00 999.09684395 0.90876066 0.00000000 0.00000000
30-B-3 1,108,000.00 999.09684116 0.90876354 0.00000000 0.00000000
30-B-4 1,107,000.00 999.09684734 0.90876242 0.00000000 0.00000000
30-B-5 665,000.00 999.09684211 0.90876692 0.00000000 0.00000000
30-B-6 996,634.00 999.09683996 0.90868865 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-CB-1 0.00000000 10.38067227 985.16616637 0.98516617 10.38067227
1-CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 0.00000000 8.36954186 988.15149240 0.98815149 8.36954186
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 30.91109160 965.02529637 0.96502530 30.91109160
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 0.00000000 3.91215215 994.67154008 0.99467154 3.91215215
15-PO 0.00000000 4.08309095 991.52293532 0.99152294 4.08309095
15-B-1 0.00000000 3.53708775 992.94772420 0.99294772 3.53708775
15-B-2 0.00000000 3.53710692 992.94773585 0.99294774 3.53710692
15-B-3 0.00000000 3.53706250 992.94775000 0.99294775 3.53706250
15-B-4 0.00000000 3.53707547 992.94773585 0.99294774 3.53707547
15-B-5 0.00000000 3.53716981 992.94773585 0.99294774 3.53716981
15-B-6 0.00000000 3.53705990 992.94767464 0.99294767 3.53705990
30-B-1 0.00000000 0.90876270 998.18808309 0.99818808 0.90876270
30-B-2 0.00000000 0.90876066 998.18808329 0.99818808 0.90876066
30-B-3 0.00000000 0.90876354 998.18808664 0.99818809 0.90876354
30-B-4 0.00000000 0.90876242 998.18808491 0.99818808 0.90876242
30-B-5 0.00000000 0.90876692 998.18809023 0.99818809 0.90876692
30-B-6 0.00000000 0.90868865 998.18815132 0.99818815 0.90868865
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 109,301,000.00 6.00000% 108,814,265.01 544,071.33 0.00 0.00
1-CB-R 100.00 6.00000% 0.00 0.00 0.00 0.00
2-CB-1 101,300,000.00 6.00000% 100,947,580.77 504,737.90 0.00 0.00
CB-IO 0.00 6.00000% 12,356,587.14 61,782.94 0.00 0.00
3-A-1 51,035,000.00 5.50000% 50,827,613.57 232,959.90 0.00 0.00
15-IO 0.00 5.50000% 2,124,348.43 9,736.60 0.00 0.00
X-PO 585,353.00 0.00000% 584,523.96 0.00 0.00 0.00
15-PO 476,514.00 0.00000% 474,420.21 0.00 0.00 0.00
15-B-1 1,037,000.00 5.50000% 1,033,354.74 4,736.21 0.00 0.00
15-B-2 159,000.00 5.50000% 158,441.08 726.19 0.00 0.00
15-B-3 160,000.00 5.50000% 159,437.57 730.76 0.00 0.00
15-B-4 106,000.00 5.50000% 105,627.39 484.13 0.00 0.00
15-B-5 53,000.00 5.50000% 52,813.69 242.06 0.00 0.00
15-B-6 106,908.00 5.50000% 106,532.20 488.27 0.00 0.00
30-B-1 4,429,000.00 6.00000% 4,424,999.93 22,125.00 0.00 0.00
30-B-2 1,993,000.00 6.00000% 1,991,200.01 9,956.00 0.00 0.00
30-B-3 1,108,000.00 6.00000% 1,106,999.30 5,535.00 0.00 0.00
30-B-4 1,107,000.00 6.00000% 1,106,000.21 5,530.00 0.00 0.00
30-B-5 665,000.00 6.00000% 664,399.40 3,322.00 0.00 0.00
30-B-6 996,634.00 6.00000% 995,733.88 4,978.67 0.00 0.00
Totals 274,618,509.00 1,412,142.96 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-CB-1 0.00 0.00 544,071.33 0.00 107,679,647.15
1-CB-R 0.00 0.00 0.02 0.00 0.00
2-CB-1 0.00 0.00 504,737.90 0.00 100,099,746.18
CB-IO 0.00 0.00 61,782.94 0.00 12,190,674.29
3-A-1 0.00 0.00 232,959.90 0.00 49,250,066.00
15-IO 0.00 0.00 9,736.60 0.00 2,034,940.17
X-PO 0.00 0.00 0.00 0.00 582,233.97
15-PO 0.00 0.00 0.00 0.00 472,474.56
15-B-1 0.00 0.00 4,736.21 0.00 1,029,686.79
15-B-2 0.00 0.00 726.19 0.00 157,878.69
15-B-3 0.00 0.00 730.76 0.00 158,871.64
15-B-4 0.00 0.00 484.13 0.00 105,252.46
15-B-5 0.00 0.00 242.06 0.00 52,626.23
15-B-6 0.00 0.00 488.27 0.00 106,154.05
30-B-1 0.00 0.00 22,125.00 0.00 4,420,975.02
30-B-2 0.00 0.00 9,956.00 0.00 1,989,388.85
30-B-3 0.00 0.00 5,535.00 0.00 1,105,992.40
30-B-4 0.00 0.00 5,530.00 0.00 1,104,994.21
30-B-5 0.00 0.00 3,322.00 0.00 663,795.08
30-B-6 0.00 0.00 4,978.67 0.00 994,828.25
Totals 0.00 0.00 1,412,142.98 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 109,301,000.00 6.00000% 995.54683864 4.97773424 0.00000000 0.00000000
1-CB-R 100.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 101,300,000.00 6.00000% 996.52103425 4.98260513 0.00000000 0.00000000
CB-IO 0.00 6.00000% 995.92237204 4.97961221 0.00000000 0.00000000
3-A-1 51,035,000.00 5.50000% 995.93638816 4.56470853 0.00000000 0.00000000
15-IO 0.00 5.50000% 995.95654985 4.56480227 0.00000000 0.00000000
X-PO 585,353.00 0.00000% 998.58369223 0.00000000 0.00000000 0.00000000
15-PO 476,514.00 0.00000% 995.60602627 0.00000000 0.00000000 0.00000000
15-B-1 1,037,000.00 5.50000% 996.48480231 4.56722276 0.00000000 0.00000000
15-B-2 159,000.00 5.50000% 996.48477987 4.56723270 0.00000000 0.00000000
15-B-3 160,000.00 5.50000% 996.48481250 4.56725000 0.00000000 0.00000000
15-B-4 106,000.00 5.50000% 996.48481132 4.56726415 0.00000000 0.00000000
15-B-5 53,000.00 5.50000% 996.48471698 4.56716981 0.00000000 0.00000000
15-B-6 106,908.00 5.50000% 996.48482808 4.56719796 0.00000000 0.00000000
30-B-1 4,429,000.00 6.00000% 999.09684579 4.99548431 0.00000000 0.00000000
30-B-2 1,993,000.00 6.00000% 999.09684395 4.99548419 0.00000000 0.00000000
30-B-3 1,108,000.00 6.00000% 999.09684116 4.99548736 0.00000000 0.00000000
30-B-4 1,107,000.00 6.00000% 999.09684734 4.99548329 0.00000000 0.00000000
30-B-5 665,000.00 6.00000% 999.09684211 4.99548872 0.00000000 0.00000000
30-B-6 996,634.00 6.00000% 999.09683996 4.99548480 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-CB-1 0.00000000 0.00000000 4.97773424 0.00000000 985.16616637
1-CB-R 0.00000000 0.00000000 0.20000000 0.00000000 0.00000000
2-CB-1 0.00000000 0.00000000 4.98260513 0.00000000 988.15149240
CB-IO 0.00000000 0.00000000 4.97961221 0.00000000 982.55004542
3-A-1 0.00000000 0.00000000 4.56470853 0.00000000 965.02529637
15-IO 0.00000000 0.00000000 4.56480227 0.00000000 954.03934790
X-PO 0.00000000 0.00000000 0.00000000 0.00000000 994.67154008
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 991.52293532
15-B-1 0.00000000 0.00000000 4.56722276 0.00000000 992.94772420
15-B-2 0.00000000 0.00000000 4.56723270 0.00000000 992.94773585
15-B-3 0.00000000 0.00000000 4.56725000 0.00000000 992.94775000
15-B-4 0.00000000 0.00000000 4.56726415 0.00000000 992.94773585
15-B-5 0.00000000 0.00000000 4.56716981 0.00000000 992.94773585
15-B-6 0.00000000 0.00000000 4.56719796 0.00000000 992.94767464
30-B-1 0.00000000 0.00000000 4.99548431 0.00000000 998.18808309
30-B-2 0.00000000 0.00000000 4.99548419 0.00000000 998.18808329
30-B-3 0.00000000 0.00000000 4.99548736 0.00000000 998.18808664
30-B-4 0.00000000 0.00000000 4.99548329 0.00000000 998.18808491
30-B-5 0.00000000 0.00000000 4.99548872 0.00000000 998.18809023
30-B-6 0.00000000 0.00000000 4.99548480 0.00000000 998.18815132
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
1-IO 6.00000% 6,961,431.56 6,854,825.76 0.00 0.00 98.01401486%
2-IO 6.00000% 5,395,155.58 5,335,848.53 0.00 0.00 98.56634233%
X-PO-1 0.00000% 0.00 0.00 315,657.65 315,259.59 99.74044229%
X-PO-2 0.00000% 0.00 0.00 248,953.20 247,142.93 99.14588482%
X-PO-3 0.00000% 0.00 0.00 19,913.12 19,831.45 99.15229239%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,050,858.42
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 5,050,858.42
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 59,384.02
Payment of Interest and Principal 4,991,474.40
Total Withdrawals (Pool Distribution Amount) 5,050,858.42
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 56,990.44
Trustee Fee--Wells Fargo Bank, N.A. 2,393.58
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 59,384.02
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 19 0 0 0 19
2,882,208.65 0.00 0.00 0.00 2,882,208.65
60 Days 1 0 0 0 1
219,012.00 0.00 0.00 0.00 219,012.00
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 20 0 0 0 20
3,101,220.65 0.00 0.00 0.00 3,101,220.65
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 0.909091% 0.000000% 0.000000% 0.000000% 0.909091%
1.066399% 0.000000% 0.000000% 0.000000% 1.066399%
60 Days 0.047847% 0.000000% 0.000000% 0.000000% 0.047847%
0.081033% 0.000000% 0.000000% 0.000000% 0.081033%
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 0.956938% 0.000000% 0.000000% 0.000000% 0.956938%
1.147432% 0.000000% 0.000000% 0.000000% 1.147432%
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 12 0 0 0 12
1,660,146.56 0.00 0.00 0.00 1,660,146.56
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 12 0 0 0 12
1,660,146.56 0.00 0.00 0.00 1,660,146.56
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.304348% 0.000000% 0.000000% 0.000000% 1.304348%
1.463772% 0.000000% 0.000000% 0.000000% 1.463772%
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 1.304348% 0.000000% 0.000000% 0.000000% 1.304348%
1.463772% 0.000000% 0.000000% 0.000000% 1.463772%
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 6 0 0 0 6
1,151,971.99 0.00 0.00 0.00 1,151,971.99
60 Days 1 0 0 0 1
219,012.00 0.00 0.00 0.00 219,012.00
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
1,370,983.99 0.00 0.00 0.00 1,370,983.99
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.854701% 0.000000% 0.000000% 0.000000% 0.854701%
1.093346% 0.000000% 0.000000% 0.000000% 1.093346%
60 Days 0.142450% 0.000000% 0.000000% 0.000000% 0.142450%
0.207866% 0.000000% 0.000000% 0.000000% 0.207866%
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 0.997151% 0.000000% 0.000000% 0.000000% 0.997151%
1.301212% 0.000000% 0.000000% 0.000000% 1.301212%
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 1 0 0 0 1
70,090.10 0.00 0.00 0.00 70,090.10
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
70,090.10 0.00 0.00 0.00 70,090.10
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.213675% 0.000000% 0.000000% 0.000000% 0.213675%
0.136105% 0.000000% 0.000000% 0.000000% 0.136105%
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 0.213675% 0.000000% 0.000000% 0.000000% 0.213675%
0.136105% 0.000000% 0.000000% 0.000000% 0.136105%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 19,566.18
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.455152%
Weighted Average Pass-Through Rate 6.194653%
Weighted Average Maturity(Stepdown Calculation ) 357
Beginning Scheduled Collateral Loan Count 2,104
Number Of Loans Paid In Full 14
Ending Scheduled Collateral Loan Count 2,090
Beginning Scheduled Collateral Balance 273,553,944.72
Ending Scheduled Collateral Balance 269,974,613.24
Ending Actual Collateral Balance at 30-Sep-2004 270,274,887.10
Monthly P &I Constant 1,860,288.11
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 4,910,998.70
Class AP Deferred Amount 0.00
Scheduled Principal 388,761.28
Unscheduled Principal 3,190,570.20
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year
Weighted Average Coupon Rate 6.608838 6.551395 5.929852
Weighted Average Net Rate 6.358839 6.301397 5.679852
Weighted Average Maturity 357 357 177
Beginning Loan Count 927 705 472
Loans Paid In Full 7 3 4
Ending Loan Count 920 702 468
Beginning Scheduled Balance 114,471,016.28 106,144,774.85 52,938,153.59
Ending scheduled Balance 113,331,149.11 105,290,622.24 51,352,841.89
Record Date 09/30/2004 09/30/2004 09/30/2004
Principal And Interest Constant 734,450.47 676,255.08 449,582.56
Scheduled Principal 104,016.82 96,758.08 187,986.38
Unscheduled Principal 1,035,850.35 757,394.53 1,397,325.32
Scheduled Interest 630,433.65 579,497.00 261,596.18
Servicing Fees 23,848.15 22,113.50 11,028.79
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,001.62 928.76 463.20
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 605,583.88 556,454.74 250,104.19
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 6.348341 6.290897 5.669351
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 6.455152
Weighted Average Net Rate 6.205153
Weighted Average Maturity 357
Beginning Loan Count 2,104
Loans Paid In Full 14
Ending Loan Count 2,090
Beginning Scheduled Balance 273,553,944.72
Ending scheduled Balance 269,974,613.24
Record Date 09/30/2004
Principal And Interest Constant 1,860,288.11
Scheduled Principal 388,761.28
Unscheduled Principal 3,190,570.20
Scheduled Interest 1,471,526.83
Servicing Fees 56,990.44
Master Servicing Fees 0.00
Trustee Fee 2,393.58
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 1,412,142.81
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 6.194653
Miscellaneous Reporting
Group 1
CPR 10.343293%
Subordinate % 4.678793%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.321207%
Group 2
CPR 8.241629%
Subordinate % 4.672743%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.327257%
Group 3
CPR 27.541773%
Subordinate % 3.081787%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.918213%
Group