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
FREMONT HOME LOAN TRUST
Asset Backed Certificates, Series 2004-B Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-111379-11 54-2154055
Pooling and Servicing Agreement) (Commission 54-2154056
(State or other File Number) IRS EIN
jurisdiction
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, Maryland 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 FREMONT HOME LOAN
TRUST, Asset Backed Certificates, Series 2004-B Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Certificates, Series 2004-B
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.
FREMONT HOME LOAN TRUST
Asset Backed Certificates, Series 2004-B 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: 11/4/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Certificates, Series 2004-B Trust, relating to the
October 25, 2004 distribution.
EX-99.1
Fremont Home Loan Trust
Mortgage Pass-Through Certificates
Record Date: 9/30/2004
Distribution Date: 10/25/2004
FREMONT Series: 2004-B
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>
IA-1 35729PDL1 SEN 2.11000% 386,807,698.49 634,794.41 17,552,569.57
IIA-1 35729PDM9 SEN 1.94000% 43,528,957.64 65,680.36 7,379,785.40
IIA-2 35729PDN7 SEN 2.08000% 138,750,000.00 224,466.67 0.00
IIA-3 35729PDP2 SEN 2.32000% 20,532,000.00 37,048.85 0.00
M-1 35729PDQ0 MEZ 2.42000% 27,654,000.00 52,050.97 0.00
M-2 35729PDR8 MEZ 2.47000% 25,679,000.00 49,332.21 0.00
M-3 35729PDS6 MEZ 2.51500% 14,617,000.00 28,592.48 0.00
M-4 35729PDT4 MEZ 3.01000% 13,432,000.00 31,445.80 0.00
M-5 35729PDU1 MEZ 3.06500% 10,667,000.00 25,428.94 0.00
M-6 35729PDV9 MEZ 3.39000% 9,877,000.00 26,042.36 0.00
M-7 35729PDW7 MEZ 3.84000% 10,667,000.00 31,858.77 0.00
M-8 35729PDX5 MEZ 4.19000% 7,901,000.00 25,748.48 0.00
M-9 35729PDY3 MEZ 5.34000% 9,877,000.00 41,022.47 0.00
C FOM0400BC OC 0.00000% 15,802,510.80 2,734,214.35 0.00
P FOM0400BP PrePay 0.00000% 100.00 533,534.97 0.00
R-1 FOM040BR1 RES 0.00000% 0.00 0.00 0.00
R-2 FOM040BR2 RES 0.00000% 0.00 0.00 0.00
Totals 735,792,266.93 4,541,262.09 24,932,354.97
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
IA-1 0.00 369,255,128.92 18,187,363.98 0.00
IIA-1 0.00 36,149,172.24 7,445,465.76 0.00
IIA-2 0.00 138,750,000.00 224,466.67 0.00
IIA-3 0.00 20,532,000.00 37,048.85 0.00
M-1 0.00 27,654,000.00 52,050.97 0.00
M-2 0.00 25,679,000.00 49,332.21 0.00
M-3 0.00 14,617,000.00 28,592.48 0.00
M-4 0.00 13,432,000.00 31,445.80 0.00
M-5 0.00 10,667,000.00 25,428.94 0.00
M-6 0.00 9,877,000.00 26,042.36 0.00
M-7 0.00 10,667,000.00 31,858.77 0.00
M-8 0.00 7,901,000.00 25,748.48 0.00
M-9 0.00 9,877,000.00 41,022.47 0.00
C 0.00 15,802,510.80 2,734,214.35 0.00
P 0.00 100.00 533,534.97 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
Totals 0.00 710,859,911.96 29,473,617.06 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>
IA-1 423,670,000.00 386,807,698.49 0.00 17,552,569.57 0.00 0.00
IIA-1 61,000,000.00 43,528,957.64 0.00 7,379,785.40 0.00 0.00
IIA-2 138,750,000.00 138,750,000.00 0.00 0.00 0.00 0.00
IIA-3 20,532,000.00 20,532,000.00 0.00 0.00 0.00 0.00
M-1 27,654,000.00 27,654,000.00 0.00 0.00 0.00 0.00
M-2 25,679,000.00 25,679,000.00 0.00 0.00 0.00 0.00
M-3 14,617,000.00 14,617,000.00 0.00 0.00 0.00 0.00
M-4 13,432,000.00 13,432,000.00 0.00 0.00 0.00 0.00
M-5 10,667,000.00 10,667,000.00 0.00 0.00 0.00 0.00
M-6 9,877,000.00 9,877,000.00 0.00 0.00 0.00 0.00
M-7 10,667,000.00 10,667,000.00 0.00 0.00 0.00 0.00
M-8 7,901,000.00 7,901,000.00 0.00 0.00 0.00 0.00
M-9 9,877,000.00 9,877,000.00 0.00 0.00 0.00 0.00
C 15,802,440.02 15,802,510.80 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
Totals 790,125,540.02 735,792,266.93 0.00 24,932,354.97 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>
IA-1 17,552,569.57 369,255,128.92 0.87156308 17,552,569.57
IIA-1 7,379,785.40 36,149,172.24 0.59260938 7,379,785.40
IIA-2 0.00 138,750,000.00 1.00000000 0.00
IIA-3 0.00 20,532,000.00 1.00000000 0.00
M-1 0.00 27,654,000.00 1.00000000 0.00
M-2 0.00 25,679,000.00 1.00000000 0.00
M-3 0.00 14,617,000.00 1.00000000 0.00
M-4 0.00 13,432,000.00 1.00000000 0.00
M-5 0.00 10,667,000.00 1.00000000 0.00
M-6 0.00 9,877,000.00 1.00000000 0.00
M-7 0.00 10,667,000.00 1.00000000 0.00
M-8 0.00 7,901,000.00 1.00000000 0.00
M-9 0.00 9,877,000.00 1.00000000 0.00
C 0.00 15,802,510.80 1.00000448 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
Totals 24,932,354.97 710,859,911.96 0.89967970 24,932,354.97
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>
IA-1 423,670,000.00 912.99289185 0.00000000 41.42981464 0.00000000
IIA-1 61,000,000.00 713.58946951 0.00000000 120.98008852 0.00000000
IIA-2 138,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IIA-3 20,532,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 27,654,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 25,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 14,617,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 13,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 10,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 9,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 10,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 7,901,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 9,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
C 15,802,440.02 1000.00447906 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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>
IA-1 0.00000000 41.42981464 871.56307721 0.87156308 41.42981464
IIA-1 0.00000000 120.98008852 592.60938098 0.59260938 120.98008852
IIA-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IIA-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
C 0.00000000 0.00000000 1,000.00447906 1.00000448 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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>
IA-1 423,670,000.00 2.11000% 386,807,698.49 634,794.41 0.00 0.00
IIA-1 61,000,000.00 1.94000% 43,528,957.64 65,680.36 0.00 0.00
IIA-2 138,750,000.00 2.08000% 138,750,000.00 224,466.67 0.00 0.00
IIA-3 20,532,000.00 2.32000% 20,532,000.00 37,048.85 0.00 0.00
M-1 27,654,000.00 2.42000% 27,654,000.00 52,050.97 0.00 0.00
M-2 25,679,000.00 2.47000% 25,679,000.00 49,332.21 0.00 0.00
M-3 14,617,000.00 2.51500% 14,617,000.00 28,592.48 0.00 0.00
M-4 13,432,000.00 3.01000% 13,432,000.00 31,445.80 0.00 0.00
M-5 10,667,000.00 3.06500% 10,667,000.00 25,428.94 0.00 0.00
M-6 9,877,000.00 3.39000% 9,877,000.00 26,042.36 0.00 0.00
M-7 10,667,000.00 3.84000% 10,667,000.00 31,858.77 0.00 0.00
M-8 7,901,000.00 4.19000% 7,901,000.00 25,748.48 0.00 0.00
M-9 9,877,000.00 5.34000% 9,877,000.00 41,022.47 0.00 0.00
C 15,802,440.02 0.00000% 15,802,510.80 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
R-2 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 790,125,540.02 1,273,512.77 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
IA-1 0.00 0.00 634,794.41 0.00 369,255,128.92
IIA-1 0.00 0.00 65,680.36 0.00 36,149,172.24
IIA-2 0.00 0.00 224,466.67 0.00 138,750,000.00
IIA-3 0.00 0.00 37,048.85 0.00 20,532,000.00
M-1 0.00 0.00 52,050.97 0.00 27,654,000.00
M-2 0.00 0.00 49,332.21 0.00 25,679,000.00
M-3 0.00 0.00 28,592.48 0.00 14,617,000.00
M-4 0.00 0.00 31,445.80 0.00 13,432,000.00
M-5 0.00 0.00 25,428.94 0.00 10,667,000.00
M-6 0.00 0.00 26,042.36 0.00 9,877,000.00
M-7 0.00 0.00 31,858.77 0.00 10,667,000.00
M-8 0.00 0.00 25,748.48 0.00 7,901,000.00
M-9 0.00 0.00 41,022.47 0.00 9,877,000.00
C 0.00 0.00 2,734,214.35 0.00 15,802,510.80
P 0.00 0.00 533,534.97 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 4,541,262.09 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>
IA-1 423,670,000.00 2.11000% 912.99289185 1.49832277 0.00000000 0.00000000
IIA-1 61,000,000.00 1.94000% 713.58946951 1.07672721 0.00000000 0.00000000
IIA-2 138,750,000.00 2.08000% 1000.00000000 1.61777780 0.00000000 0.00000000
IIA-3 20,532,000.00 2.32000% 1000.00000000 1.80444428 0.00000000 0.00000000
M-1 27,654,000.00 2.42000% 1000.00000000 1.88222210 0.00000000 0.00000000
M-2 25,679,000.00 2.47000% 1000.00000000 1.92111102 0.00000000 0.00000000
M-3 14,617,000.00 2.51500% 1000.00000000 1.95611138 0.00000000 0.00000000
M-4 13,432,000.00 3.01000% 1000.00000000 2.34111078 0.00000000 0.00000000
M-5 10,667,000.00 3.06500% 1000.00000000 2.38388863 0.00000000 0.00000000
M-6 9,877,000.00 3.39000% 1000.00000000 2.63666700 0.00000000 0.00000000
M-7 10,667,000.00 3.84000% 1000.00000000 2.98666635 0.00000000 0.00000000
M-8 7,901,000.00 4.19000% 1000.00000000 3.25888875 0.00000000 0.00000000
M-9 9,877,000.00 5.34000% 1000.00000000 4.15333300 0.00000000 0.00000000
C 15,802,440.02 0.00000% 1000.00447906 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000% 0.00000000 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>
IA-1 0.00000000 0.00000000 1.49832277 0.00000000 871.56307721
IIA-1 0.00000000 0.00000000 1.07672721 0.00000000 592.60938098
IIA-2 0.00000000 0.00000000 1.61777780 0.00000000 1000.00000000
IIA-3 0.00000000 0.00000000 1.80444428 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 1.88222210 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 1.92111102 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 1.95611138 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 2.34111078 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 2.38388863 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 2.63666700 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 2.98666635 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 3.25888875 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.15333300 0.00000000 1000.00000000
C 0.00000000 0.00000000 173.02482063 0.00000000 1000.00447906
P 0.00000000 0.00000000 5335349.70000000 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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 ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 28,915,861.79
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 415,173.02
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 533,534.97
Total Deposits 29,864,569.78
Withdrawals
Reimbursement for Servicer Advances 387,120.47
Payment of Service Fee 3,832.23
Payment of Interest and Principal 29,473,617.08
Total Withdrawals (Pool Distribution Amount) 29,864,569.78
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 0.00
Master Servicing 3,832.23
Trust Administration 0.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 3,832.23
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 0.00 0.00
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
255,021.75 0.00 0.00 255,021.75
30 Days 46 0 0 0 46
8,278,329.15 0.00 0.00 0.00 8,278,329.15
60 Days 9 1 9 0 19
1,269,039.19 109,968.75 1,360,033.14 0.00 2,739,041.08
90 Days 1 0 9 0 10
252,441.50 0.00 1,500,284.28 0.00 1,752,725.78
120 Days 0 2 6 0 8
0.00 392,861.65 1,537,541.61 0.00 1,930,403.26
150 Days 2 1 1 0 4
543,292.31 87,500.00 126,000.00 0.00 756,792.31
180+ Days 0 0 1 0 1
0.00 0.00 160,500.00 0.00 160,500.00
Totals 58 6 26 0 90
10,343,102.15 845,352.15 4,684,359.03 0.00 15,872,813.33
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 0.058928% 0.000000% 0.000000% 0.058928%
0.035849% 0.000000% 0.000000% 0.035849%
30 Days 1.355333% 0.000000% 0.000000% 0.000000% 1.355333%
1.163694% 0.000000% 0.000000% 0.000000% 1.163694%
60 Days 0.265174% 0.029464% 0.265174% 0.000000% 0.559811%
0.178390% 0.015458% 0.191181% 0.000000% 0.385030%
90 Days 0.029464% 0.000000% 0.265174% 0.000000% 0.294638%
0.035486% 0.000000% 0.210897% 0.000000% 0.246383%
120 Days 0.000000% 0.058928% 0.176783% 0.000000% 0.235710%
0.000000% 0.055225% 0.216134% 0.000000% 0.271359%
150 Days 0.058928% 0.029464% 0.029464% 0.000000% 0.117855%
0.076371% 0.012300% 0.017712% 0.000000% 0.106383%
180+ Days 0.000000% 0.000000% 0.029464% 0.000000% 0.029464%
0.000000% 0.000000% 0.022562% 0.000000% 0.022562%
Totals 1.708898% 0.176783% 0.766058% 0.000000% 2.651738%
1.453941% 0.118832% 0.658485% 0.000000% 2.231258%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 415,173.02
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 7.050297%
Weighted Average Net Coupon 6.550297%
Weighted Average Pass-Through Rate 6.537796%
Weighted Average Maturity(Stepdown Calculation ) 350
Beginning Scheduled Collateral Loan Count 3,503
Number Of Loans Paid In Full 109
Ending Scheduled Collateral Loan Count 3,394
Beginning Scheduled Collateral Balance 735,792,266.93
Ending Scheduled Collateral Balance 710,859,911.96
Ending Actual Collateral Balance at 30-Sep-2004 711,383,930.01
Monthly P &I Constant 4,855,286.56
Special Servicing Fee 0.00
Prepayment Penalties 533,534.97
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 710,859,911.96
Scheduled Principal 532,324.75
Unscheduled Principal 24,400,030.22
Other Income (990.03)
Miscellaneous Reporting
Excess Cash Amount 2,734,214.39
Extra Principal Amount 0.00
Overcollateralization Amount 15,802,510.80
Overcollateralization Deficiency 0.00
Overcollateralization Release 0.00
Target Overcollateralization Amount 15,802,510.80
Step Down NO
Trigger Event NO
Yield Maintenance Payment 0.00
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.907741 7.213006 6.709977
Weighted Average Net Rate 6.407741 6.713006 6.209977
Weighted Average Maturity 353 341 344
Beginning Loan Count 673 1,921 170
Loans Paid In Full 20 65 2
Ending Loan Count 653 1,856 168
Beginning Scheduled Balance 125,390,785.11 357,587,487.87 48,794,740.30
Ending scheduled Balance 121,014,032.37 344,411,671.04 48,262,767.99
Record Date 09/30/2004 09/30/2004 09/30/2004
Principal And Interest Constant 849,296.85 2,380,127.32 322,298.14
Scheduled Principal 127,490.98 230,726.80 49,455.15
Unscheduled Principal 4,249,261.76 12,945,090.03 482,517.16
Scheduled Interest 721,805.87 2,149,400.52 272,842.99
Servicing Fees 52,246.15 148,994.77 20,331.14
Master Servicing Fees 653.06 1,862.44 254.13
Trustee Fee 653.06 1,862.44 254.13
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 668,253.60 1,996,680.87 252,003.59
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
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM
Weighted Average Coupon Rate 6.934125 7.050297
Weighted Average Net Rate 6.434125 6.550297
Weighted Average Maturity 353 350
Beginning Loan Count 739 3,503
Loans Paid In Full 22 109
Ending Loan Count 717 3,394
Beginning Scheduled Balance 204,019,253.65 735,792,266.93
Ending scheduled Balance 197,171,440.56 710,859,911.96
Record Date 09/30/2004 09/30/2004
Principal And Interest Constant 1,303,564.25 4,855,286.56
Scheduled Principal 124,651.82 532,324.75
Unscheduled Principal 6,723,161.27 24,400,030.22
Scheduled Interest 1,178,912.43 4,322,961.81
Servicing Fees 85,008.02 306,580.08
Master Servicing Fees 1,062.60 3,832.23
Trustee Fee 1,062.60 3,832.23
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 1,091,779.21 4,008,717.27
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00