UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 25, 2004
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2004-C Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-28 54-2147335
Pooling and Servicing Agreement) (Commission 54-2147336
(State or other File Number) IRS EIN
jurisdiction
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On October 25, 2004 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2004-C
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-C Trust, relating to the
October 25, 2004 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2004-C 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-C Trust,
relating to the October 25, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 9/30/2004
Distribution Date: 10/25/2004
BAM Series: 2004-C
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1-A-1 05948X5P2 SEN 3.41579% 56,602,173.78 161,117.42 4,497,627.92
1-AR 05948X5Q0 SEN 3.44858% 0.00 0.00 0.00
1-A-LR 05948X5R8 SEN 3.44858% 0.00 0.13 0.00
2-A-1 05948X5S6 SEN 3.73952% 402,958,112.09 1,255,726.25 5,006,910.70
2-A-2 05948X5T4 SEN 4.05252% 140,877,193.81 475,756.83 1,750,453.73
3-A-1 05948X5U1 SEN 4.26186% 26,470,356.53 94,010.89 86,997.03
B-1 05948X5V9 SUB 3.79745% 9,423,769.78 29,821.94 5,623.92
B-2 05948X5W7 SUB 3.79745% 4,349,125.56 13,763.00 2,595.47
B-3 05948X5X5 SUB 3.79745% 1,812,800.04 5,736.69 1,081.84
B-4 05948X6B2 SUB 3.79745% 1,811,803.45 5,733.53 1,081.25
B-5 05948X6C0 SUB 3.79745% 1,449,044.13 4,585.56 864.76
B-6 05948X6D8 SUB 3.79745% 1,088,181.31 3,443.60 649.41
1-IO 05948X6E6 SEN 0.53000% 0.00 25,877.67 0.00
2-IO 05948X5Z0 SEN 0.46792% 0.00 218,753.17 0.00
3-IO 05948X6A4 SEN 0.80700% 0.00 18,324.93 0.00
SES 05948X5Y3 SEN 0.00000% 0.00 116,087.15 0.00
Totals 646,842,560.48 2,428,738.76 11,353,886.03
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 52,104,545.85 4,658,745.34 0.00
1-AR 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.13 0.00
2-A-1 0.00 397,951,201.39 6,262,636.95 0.00
2-A-2 0.00 139,126,740.08 2,226,210.56 0.00
3-A-1 0.00 26,383,359.50 181,007.92 0.00
B-1 0.00 9,418,145.86 35,445.86 0.00
B-2 0.00 4,346,530.09 16,358.47 0.00
B-3 0.00 1,811,718.20 6,818.53 0.00
B-4 0.00 1,810,722.20 6,814.78 0.00
B-5 0.00 1,448,179.36 5,450.32 0.00
B-6 0.00 1,087,531.91 4,093.01 0.00
1-IO 0.00 0.00 25,877.67 0.00
2-IO 0.00 0.00 218,753.17 0.00
3-IO 0.00 0.00 18,324.93 0.00
SES 0.00 0.00 116,087.15 0.00
Totals 0.00 635,488,674.44 13,782,624.79 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 70,907,000.00 56,602,173.78 87,151.02 4,410,476.90 0.00 0.00
1-AR 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-1 451,000,000.00 402,958,112.09 184,311.28 4,822,599.42 0.00 0.00
2-A-2 157,673,000.00 140,877,193.81 64,436.61 1,686,017.11 0.00 0.00
3-A-1 27,733,000.00 26,470,356.53 33,393.71 53,603.32 0.00 0.00
B-1 9,456,000.00 9,423,769.78 5,623.92 0.00 0.00 0.00
B-2 4,364,000.00 4,349,125.56 2,595.47 0.00 0.00 0.00
B-3 1,819,000.00 1,812,800.04 1,081.84 0.00 0.00 0.00
B-4 1,818,000.00 1,811,803.45 1,081.25 0.00 0.00 0.00
B-5 1,454,000.00 1,449,044.13 864.76 0.00 0.00 0.00
B-6 1,091,903.00 1,088,181.31 649.41 0.00 0.00 0.00
1-IO 0.00 0.00 0.00 0.00 0.00 0.00
2-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-IO 0.00 0.00 0.00 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 727,316,003.00 646,842,560.48 381,189.27 10,972,696.75 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 4,497,627.92 52,104,545.85 0.73482937 4,497,627.92
1-AR 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 5,006,910.70 397,951,201.39 0.88237517 5,006,910.70
2-A-2 1,750,453.73 139,126,740.08 0.88237517 1,750,453.73
3-A-1 86,997.03 26,383,359.50 0.95133449 86,997.03
B-1 5,623.92 9,418,145.86 0.99599681 5,623.92
B-2 2,595.47 4,346,530.09 0.99599681 2,595.47
B-3 1,081.84 1,811,718.20 0.99599681 1,081.84
B-4 1,081.25 1,810,722.20 0.99599681 1,081.25
B-5 864.76 1,448,179.36 0.99599681 864.76
B-6 649.41 1,087,531.91 0.99599681 649.41
1-IO 0.00 0.00 0.00000000 0.00
2-IO 0.00 0.00 0.00000000 0.00
3-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 11,353,886.03 635,488,674.44 0.87374494 11,353,886.03
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1-A-1 70,907,000.00 798.25932249 1.22908909 62.20086733 0.00000000
1-AR 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-1 451,000,000.00 893.47696694 0.40867246 10.69312510 0.00000000
2-A-2 157,673,000.00 893.47696695 0.40867244 10.69312508 0.00000000
3-A-1 27,733,000.00 954.47144305 1.20411459 1.93283525 0.00000000
B-1 9,456,000.00 996.59155880 0.59474619 0.00000000 0.00000000
B-2 4,364,000.00 996.59155820 0.59474565 0.00000000 0.00000000
B-3 1,819,000.00 996.59155580 0.59474437 0.00000000 0.00000000
B-4 1,818,000.00 996.59155666 0.59474697 0.00000000 0.00000000
B-5 1,454,000.00 996.59156121 0.59474553 0.00000000 0.00000000
B-6 1,091,903.00 996.59155621 0.59475063 0.00000000 0.00000000
1-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 63.42995642 734.82936593 0.73482937 63.42995642
1-AR 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 11.10179756 882.37516938 0.88237517 11.10179756
2-A-2 0.00000000 11.10179758 882.37516937 0.88237517 11.10179758
3-A-1 0.00000000 3.13694984 951.33449320 0.95133449 3.13694984
B-1 0.00000000 0.59474619 995.99681261 0.99599681 0.59474619
B-2 0.00000000 0.59474565 995.99681256 0.99599681 0.59474565
B-3 0.00000000 0.59474437 995.99681143 0.99599681 0.59474437
B-4 0.00000000 0.59474697 995.99680968 0.99599681 0.59474697
B-5 0.00000000 0.59474553 995.99680880 0.99599681 0.59474553
B-6 0.00000000 0.59475063 995.99681474 0.99599681 0.59475063
1-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A-1 70,907,000.00 3.41579% 56,602,173.78 161,117.42 0.00 0.00
1-AR 50.00 3.44858% 0.00 0.00 0.00 0.00
1-A-LR 50.00 3.44858% 0.00 0.00 0.00 0.00
2-A-1 451,000,000.00 3.73952% 402,958,112.09 1,255,726.24 0.00 0.00
2-A-2 157,673,000.00 4.05252% 140,877,193.81 475,756.83 0.00 0.00
3-A-1 27,733,000.00 4.26186% 26,470,356.53 94,010.89 0.00 0.00
B-1 9,456,000.00 3.79745% 9,423,769.78 29,821.94 0.00 0.00
B-2 4,364,000.00 3.79745% 4,349,125.56 13,763.00 0.00 0.00
B-3 1,819,000.00 3.79745% 1,812,800.04 5,736.69 0.00 0.00
B-4 1,818,000.00 3.79745% 1,811,803.45 5,733.53 0.00 0.00
B-5 1,454,000.00 3.79745% 1,449,044.13 4,585.56 0.00 0.00
B-6 1,091,903.00 3.79745% 1,088,181.31 3,443.60 0.00 0.00
1-IO 0.00 0.53000% 58,590,941.78 25,877.67 0.00 0.00
2-IO 0.00 0.46792% 561,002,656.68 218,753.17 0.00 0.00
3-IO 0.00 0.80700% 27,248,962.45 18,324.93 0.00 0.00
SES 0.00 0.00000% 646,842,560.91 0.00 0.00 0.00
Totals 727,316,003.00 2,312,651.47 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 0.00 161,117.42 0.00 52,104,545.85
1-AR 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.13 0.00 0.00
2-A-1 (0.01) 0.00 1,255,726.25 0.00 397,951,201.39
2-A-2 0.00 0.00 475,756.83 0.00 139,126,740.08
3-A-1 0.00 0.00 94,010.89 0.00 26,383,359.50
B-1 0.00 0.00 29,821.94 0.00 9,418,145.86
B-2 0.00 0.00 13,763.00 0.00 4,346,530.09
B-3 0.00 0.00 5,736.69 0.00 1,811,718.20
B-4 0.00 0.00 5,733.53 0.00 1,810,722.20
B-5 0.00 0.00 4,585.56 0.00 1,448,179.36
B-6 0.00 0.00 3,443.60 0.00 1,087,531.91
1-IO 0.00 0.00 25,877.67 0.00 54,090,251.73
2-IO 0.00 0.00 218,753.17 0.00 554,237,439.98
3-IO 0.00 0.00 18,324.93 0.00 27,160,983.17
SES 0.00 0.00 116,087.15 0.00 635,488,674.88
Totals (0.01) 0.00 2,428,738.76 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 70,907,000.00 3.41579% 798.25932249 2.27223575 0.00000000 0.00000000
1-AR 50.00 3.44858% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 3.44858% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 451,000,000.00 3.73952% 893.47696694 2.78431539 0.00000000 0.00000000
2-A-2 157,673,000.00 4.05252% 893.47696695 3.01736397 0.00000000 0.00000000
3-A-1 27,733,000.00 4.26186% 954.47144305 3.38985649 0.00000000 0.00000000
B-1 9,456,000.00 3.79745% 996.59155880 3.15375846 0.00000000 0.00000000
B-2 4,364,000.00 3.79745% 996.59155820 3.15375802 0.00000000 0.00000000
B-3 1,819,000.00 3.79745% 996.59155580 3.15376031 0.00000000 0.00000000
B-4 1,818,000.00 3.79745% 996.59155666 3.15375688 0.00000000 0.00000000
B-5 1,454,000.00 3.79745% 996.59156121 3.15375516 0.00000000 0.00000000
B-6 1,091,903.00 3.79745% 996.59155621 3.15376000 0.00000000 0.00000000
1-IO 0.00 0.53000% 803.57131167 0.35491072 0.00000000 0.00000000
2-IO 0.00 0.46792% 896.33441069 0.34950992 0.00000000 0.00000000
3-IO 0.00 0.80700% 955.52120475 0.64258811 0.00000000 0.00000000
SES 0.00 0.00000% 889.35560040 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 0.00000000 2.27223575 0.00000000 734.82936593
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 2.60000000 0.00000000 0.00000000
2-A-1 (0.00000002) 0.00000000 2.78431541 0.00000000 882.37516938
2-A-2 0.00000000 0.00000000 3.01736397 0.00000000 882.37516937
3-A-1 0.00000000 0.00000000 3.38985649 0.00000000 951.33449320
B-1 0.00000000 0.00000000 3.15375846 0.00000000 995.99681261
B-2 0.00000000 0.00000000 3.15375802 0.00000000 995.99681256
B-3 0.00000000 0.00000000 3.15376031 0.00000000 995.99681143
B-4 0.00000000 0.00000000 3.15375688 0.00000000 995.99680968
B-5 0.00000000 0.00000000 3.15375516 0.00000000 995.99680880
B-6 0.00000000 0.00000000 3.15376000 0.00000000 995.99681474
1-IO 0.00000000 0.00000000 0.35491072 0.00000000 741.84461302
2-IO 0.00000000 0.00000000 0.34950992 0.00000000 885.52537716
3-IO 0.00000000 0.00000000 0.64258811 0.00000000 952.43609397
SES 0.00000000 0.00000000 0.15961033 0.00000000 873.74493602
<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-SES 0.00000% 58,590,941.78 54,090,251.73 0.00 0.00 74.18446130%
2-SES 0.00000% 561,002,656.68 554,237,439.98 0.00 0.00 88.55253772%
3-SES 0.00000% 27,248,962.45 27,160,983.17 0.00 0.00 95.24360940%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 13,795,994.87
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 15,468.31
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 13,811,463.18
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 28,838.39
Payment of Interest and Principal 13,782,624.79
Total Withdrawals (Pool Distribution Amount) 13,811,463.18
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 26,951.77
Trustee Fee - Wells Fargo Bank, N.A. 1,886.62
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 28,838.39
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 6 0 0 0 6
2,806,922.05 0.00 0.00 0.00 2,806,922.05
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 1 0 1
0.00 0.00 580,000.00 0.00 580,000.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 6 0 1 0 7
2,806,922.05 0.00 580,000.00 0.00 3,386,922.05
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 0.513699% 0.000000% 0.000000% 0.000000% 0.513699%
0.433735% 0.000000% 0.000000% 0.000000% 0.433735%
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% 0.085616% 0.000000% 0.085616%
0.000000% 0.000000% 0.089624% 0.000000% 0.089624%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.513699% 0.000000% 0.085616% 0.000000% 0.599315%
0.433735% 0.000000% 0.089624% 0.000000% 0.523358%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1- 3/1 ARM 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
350,568.83 0.00 0.00 0.00 350,568.83
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
350,568.83 0.00 0.00 0.00 350,568.83
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.934579% 0.000000% 0.000000% 0.000000% 0.934579%
0.597538% 0.000000% 0.000000% 0.000000% 0.597538%
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 0.934579% 0.000000% 0.000000% 0.000000% 0.934579%
0.597538% 0.000000% 0.000000% 0.000000% 0.597538%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2- 5/1 ARM 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 4 0 0 0 4
1,945,542.96 0.00 0.00 0.00 1,945,542.96
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 1 0 1
0.00 0.00 580,000.00 0.00 580,000.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 4 0 1 0 5
1,945,542.96 0.00 580,000.00 0.00 2,525,542.96
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.396825% 0.000000% 0.000000% 0.000000% 0.396825%
0.346673% 0.000000% 0.000000% 0.000000% 0.346673%
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% 0.099206% 0.000000% 0.099206%
0.000000% 0.000000% 0.103349% 0.000000% 0.103349%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.396825% 0.000000% 0.099206% 0.000000% 0.496032%
0.346673% 0.000000% 0.103349% 0.000000% 0.450022%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3- 7/1 ARM 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
510,810.26 0.00 0.00 0.00 510,810.26
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
510,810.26 0.00 0.00 0.00 510,810.26
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.886792% 0.000000% 0.000000% 0.000000% 1.886792%
1.872574% 0.000000% 0.000000% 0.000000% 1.872574%
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 1.886792% 0.000000% 0.000000% 0.000000% 1.886792%
1.872574% 0.000000% 0.000000% 0.000000% 1.872574%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 15,468.31
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.555174%
Weighted Average Net Coupon 4.293851%
Weighted Average Pass-Through Rate 4.290351%
Weighted Average Maturity(Stepdown Calculation ) 350
Beginning Scheduled Collateral Loan Count 1,189
Number Of Loans Paid In Full 21
Ending Scheduled Collateral Loan Count 1,168
Beginning Scheduled Collateral Balance 646,842,560.91
Ending Scheduled Collateral Balance 635,488,674.88
Ending Actual Collateral Balance at 30-Sep-2004 647,151,601.53
Monthly P &I Constant 2,836,589.58
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 635,488,674.88
Scheduled Principal 381,189.28
Unscheduled Principal 10,972,696.75
Miscellaneous Reporting
Total Senior% 96.918149%
Total Subordinate% 3.081851%
Group Level Collateral Statement
Group 1- 3/1 ARM 2- 5/1 ARM 3- 7/1 ARM
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.324286 4.542024 5.322364
Weighted Average Net Rate 4.074286 4.292024 5.072364
Weighted Average Maturity 348 352 350
Beginning Loan Count 116 1,020 53
Loans Paid In Full 9 12 0
Ending Loan Count 107 1,008 53
Beginning Scheduled Balance 58,590,941.78 561,002,656.68 27,248,962.45
Ending scheduled Balance 54,090,251.73 554,237,439.98 27,160,983.17
Record Date 09/30/2004 09/30/2004 09/30/2004
Principal And Interest Constant 301,349.80 2,380,006.40 155,233.38
Scheduled Principal 90,213.15 256,600.17 34,375.96
Unscheduled Principal 4,410,476.90 6,508,616.53 53,603.32
Scheduled Interest 211,136.65 2,123,406.23 120,857.42
Servicing Fees 12,206.44 116,875.55 5,676.87
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 170.89 1,636.26 79.47
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 6,103.22 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 192,656.10 2,004,894.42 115,101.08
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 3.945786 4.288524 5.068864
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.555174
Weighted Average Net Rate 4.293851
Weighted Average Maturity 350
Beginning Loan Count 1,189
Loans Paid In Full 21
Ending Loan Count 1,168
Beginning Scheduled Balance 646,842,560.91
Ending scheduled Balance 635,488,674.88
Record Date 09/30/2004
Principal And Interest Constant 2,836,589.58
Scheduled Principal 381,189.28
Unscheduled Principal 10,972,696.75
Scheduled Interest 2,455,400.30
Servicing Fees 134,758.86
Master Servicing Fees 0.00
Trustee Fee 1,886.62
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 6,103.22
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,312,651.60
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 4.290351
Miscellaneous Reporting
Group 1- 3/1 ARM
CPR 60.961535%
Subordinate% 3.394327%
Subordinate Prepayment% 0.000000%
Senior% 96.605673%
Group 2- 5/1 ARM
CPR 13.072822%
Subordinate% 3.060119%
Subordinate Prepayment% 0.000000%
Senior% 96.939881%
Group 3- 7/1 ARM
CPR 2.338147%
Subordinate% 2.857378%
Subordinate Prepayment% 0.000000%
Senior% 97.142622%