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): November 26, 2004
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2003-D Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-101500-10 54-2110367
Pooling and Servicing Agreement) (Commission 54-2110368
(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 November 26, 2004 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-D
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 2003-D Trust, relating to the
November 26, 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 2003-D 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: 11/29/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2003-D Trust,
relating to the November 26, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 10/31/2004
Distribution Date: 11/26/2004
BAM Series: 2003-D
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-A1 05948XBN0 SEN 3.42800% 32,846,832.49 93,832.46 2,441,555.58
1-A2 05948XBP5 SEN 3.42800% 894,268.59 2,554.63 66,472.36
1-AR 05948XBQ3 SEN 3.42800% 0.00 0.00 0.00
1-ALR 05948XBR1 SEN 3.42800% 0.00 0.11 0.00
2-A1 05948XBS9 SEN 4.18300% 63,668,741.58 221,938.63 1,701,537.33
2-A2 05948XBT7 SEN 3.60100% 14,958,882.02 44,889.11 399,773.82
2-A3 05948XBU4 SEN 3.87600% 28,047,903.78 90,594.73 749,575.92
2-A4 05948XBV2 SEN 4.34100% 124,653,111.79 450,932.65 3,331,335.25
2-A5 05948XBW0 SEN 4.18300% 11,219,161.51 39,108.13 299,830.37
2-A6 05948XBX8 SEN 4.18300% 305,909.14 1,066.35 8,175.37
3-A1 05948XBY6 SEN 4.56900% 26,836,623.62 102,180.45 1,365,812.19
AP 05948XBZ3 PO 0.00000% 891,721.40 0.00 1,967.29
B-1 05948XCA7 SUB 4.09799% 9,759,182.77 33,327.56 173,890.15
B-2 05948XCB5 SUB 4.09799% 3,753,131.60 12,816.92 66,873.70
B-3 05948XCC3 SUB 4.09799% 2,626,671.82 8,970.07 46,802.32
B-4 05948XCD1 SUB 4.09799% 1,501,946.38 5,129.14 26,761.84
B-5 05948XCE9 SUB 4.09799% 1,125,592.61 3,843.89 20,055.93
B-6 05948XCF6 SUB 4.09799% 1,126,445.04 3,846.80 20,071.12
W-IO 05948XCH2 SEN 0.60688% 0.00 156,476.03 0.00
SES 05948XCG4 SEN 0.00000% 0.00 60,072.06 0.00
Totals 324,216,126.14 1,331,579.72 10,720,490.54
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A1 0.00 30,405,276.91 2,535,388.04 0.00
1-A2 0.00 827,796.23 69,026.99 0.00
1-AR 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.11 0.00
2-A1 0.00 61,967,204.25 1,923,475.96 0.00
2-A2 0.00 14,559,108.19 444,662.93 0.00
2-A3 0.00 27,298,327.87 840,170.65 0.00
2-A4 0.00 121,321,776.54 3,782,267.90 0.00
2-A5 0.00 10,919,331.15 338,938.50 0.00
2-A6 0.00 297,733.76 9,241.72 0.00
3-A1 0.00 25,470,811.44 1,467,992.64 0.00
AP 0.00 889,754.11 1,967.29 0.00
B-1 0.00 9,585,292.62 207,217.71 0.00
B-2 0.00 3,686,257.90 79,690.62 0.00
B-3 0.00 2,579,869.50 55,772.39 0.00
B-4 0.00 1,475,184.54 31,890.98 0.00
B-5 0.00 1,105,536.68 23,899.82 0.00
B-6 0.00 1,106,373.93 23,917.92 0.00
W-IO 0.00 0.00 156,476.03 0.00
SES 0.00 0.00 60,072.06 0.00
Totals 0.00 313,495,635.62 12,052,070.26 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-A1 137,188,000.00 32,846,832.49 51,335.38 2,390,220.20 0.00 0.00
1-A2 3,735,000.00 894,268.59 1,397.63 65,074.73 0.00 0.00
1-AR 50.00 0.00 0.00 0.00 0.00 0.00
1-ALR 50.00 0.00 0.00 0.00 0.00 0.00
2-A1 170,250,000.00 63,668,741.58 67,466.33 1,634,071.00 0.00 0.00
2-A2 40,000,000.00 14,958,882.02 15,851.12 383,922.70 0.00 0.00
2-A3 75,000,000.00 28,047,903.78 29,720.85 719,855.07 0.00 0.00
2-A4 333,322,000.00 124,653,111.79 132,088.18 3,199,247.07 0.00 0.00
2-A5 30,000,000.00 11,219,161.51 11,888.34 287,942.03 0.00 0.00
2-A6 818,000.00 305,909.14 324.16 7,851.22 0.00 0.00
3-A1 51,285,000.00 26,836,623.62 34,699.51 1,331,112.68 0.00 0.00
AP 1,079,908.00 891,721.40 1,409.50 557.80 0.00 0.00
B-1 11,254,000.00 9,759,182.77 11,250.56 162,639.59 0.00 0.00
B-2 4,328,000.00 3,753,131.60 4,326.68 62,547.02 0.00 0.00
B-3 3,029,000.00 2,626,671.82 3,028.07 43,774.24 0.00 0.00
B-4 1,732,000.00 1,501,946.38 1,731.47 25,030.37 0.00 0.00
B-5 1,298,000.00 1,125,592.61 1,297.60 18,758.32 0.00 0.00
B-6 1,298,983.00 1,126,445.04 1,298.59 18,772.53 0.00 0.00
W-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 865,617,991.00 324,216,126.14 369,113.97 10,351,376.57 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-A1 2,441,555.58 30,405,276.91 0.22163219 2,441,555.58
1-A2 66,472.36 827,796.23 0.22163219 66,472.36
1-AR 0.00 0.00 0.00000000 0.00
1-ALR 0.00 0.00 0.00000000 0.00
2-A1 1,701,537.33 61,967,204.25 0.36397770 1,701,537.33
2-A2 399,773.82 14,559,108.19 0.36397770 399,773.82
2-A3 749,575.92 27,298,327.87 0.36397770 749,575.92
2-A4 3,331,335.25 121,321,776.54 0.36397770 3,331,335.25
2-A5 299,830.37 10,919,331.15 0.36397771 299,830.37
2-A6 8,175.37 297,733.76 0.36397770 8,175.37
3-A1 1,365,812.19 25,470,811.44 0.49665227 1,365,812.19
AP 1,967.29 889,754.11 0.82391658 1,967.29
B-1 173,890.15 9,585,292.62 0.85172318 173,890.15
B-2 66,873.70 3,686,257.90 0.85172317 66,873.70
B-3 46,802.32 2,579,869.50 0.85172318 46,802.32
B-4 26,761.84 1,475,184.54 0.85172318 26,761.84
B-5 20,055.93 1,105,536.68 0.85172317 20,055.93
B-6 20,071.12 1,106,373.93 0.85172318 20,071.12
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 10,720,490.54 313,495,635.62 0.36216396 10,720,490.54
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-A1 137,188,000.00 239.42934141 0.37419731 17.42295390 0.00000000
1-A2 3,735,000.00 239.42934137 0.37419813 17.42295315 0.00000000
1-AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A1 170,250,000.00 373.97205040 0.39627800 9.59806755 0.00000000
2-A2 40,000,000.00 373.97205050 0.39627800 9.59806750 0.00000000
2-A3 75,000,000.00 373.97205040 0.39627800 9.59806760 0.00000000
2-A4 333,322,000.00 373.97205042 0.39627801 9.59806754 0.00000000
2-A5 30,000,000.00 373.97205033 0.39627800 9.59806767 0.00000000
2-A6 818,000.00 373.97205379 0.39628362 9.59806846 0.00000000
3-A1 51,285,000.00 523.28407176 0.67660154 25.95520484 0.00000000
AP 1,079,908.00 825.73830363 1.30520378 0.51652548 0.00000000
B-1 11,254,000.00 867.17458415 0.99969433 14.45171406 0.00000000
B-2 4,328,000.00 867.17458410 0.99969501 14.45171442 0.00000000
B-3 3,029,000.00 867.17458567 0.99969297 14.45171344 0.00000000
B-4 1,732,000.00 867.17458430 0.99969400 14.45171478 0.00000000
B-5 1,298,000.00 867.17458398 0.99969183 14.45171032 0.00000000
B-6 1,298,983.00 867.17458196 0.99969746 14.45171338 0.00000000
W-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-A1 0.00000000 17.79715121 221.63219021 0.22163219 17.79715121
1-A2 0.00000000 17.79715127 221.63219009 0.22163219 17.79715127
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A1 0.00000000 9.99434555 363.97770485 0.36397770 9.99434555
2-A2 0.00000000 9.99434550 363.97770475 0.36397770 9.99434550
2-A3 0.00000000 9.99434560 363.97770493 0.36397770 9.99434560
2-A4 0.00000000 9.99434556 363.97770486 0.36397770 9.99434556
2-A5 0.00000000 9.99434567 363.97770500 0.36397771 9.99434567
2-A6 0.00000000 9.99433985 363.97770171 0.36397770 9.99433985
3-A1 0.00000000 26.63180638 496.65226557 0.49665227 26.63180638
AP 0.00000000 1.82172000 823.91658363 0.82391658 1.82172000
B-1 0.00000000 15.45140839 851.72317576 0.85172318 15.45140839
B-2 0.00000000 15.45140943 851.72317468 0.85172317 15.45140943
B-3 0.00000000 15.45140971 851.72317597 0.85172318 15.45140971
B-4 0.00000000 15.45140878 851.72317552 0.85172318 15.45140878
B-5 0.00000000 15.45140986 851.72317411 0.85172317 15.45140986
B-6 0.00000000 15.45141083 851.72317883 0.85172318 15.45141083
W-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-A1 137,188,000.00 3.42800% 32,846,832.49 93,832.45 0.00 0.00
1-A2 3,735,000.00 3.42800% 894,268.59 2,554.63 0.00 0.00
1-AR 50.00 3.42800% 0.00 0.00 0.00 0.00
1-ALR 50.00 3.42800% 0.00 0.00 0.00 0.00
2-A1 170,250,000.00 4.18300% 63,668,741.58 221,938.62 0.00 0.00
2-A2 40,000,000.00 3.60100% 14,958,882.02 44,889.11 0.00 0.00
2-A3 75,000,000.00 3.87600% 28,047,903.78 90,594.73 0.00 0.00
2-A4 333,322,000.00 4.34100% 124,653,111.79 450,932.63 0.00 0.00
2-A5 30,000,000.00 4.18300% 11,219,161.51 39,108.13 0.00 0.00
2-A6 818,000.00 4.18300% 305,909.14 1,066.35 0.00 0.00
3-A1 51,285,000.00 4.56900% 26,836,623.62 102,180.44 0.00 0.00
AP 1,079,908.00 0.00000% 891,721.40 0.00 0.00 0.00
B-1 11,254,000.00 4.09799% 9,759,182.77 33,327.56 0.00 0.00
B-2 4,328,000.00 4.09799% 3,753,131.60 12,816.92 0.00 0.00
B-3 3,029,000.00 4.09799% 2,626,671.82 8,970.07 0.00 0.00
B-4 1,732,000.00 4.09799% 1,501,946.38 5,129.14 0.00 0.00
B-5 1,298,000.00 4.09799% 1,125,592.61 3,843.89 0.00 0.00
B-6 1,298,983.00 4.09799% 1,126,445.04 3,846.80 0.00 0.00
W-IO 0.00 0.60688% 309,403,845.27 156,476.03 0.00 0.00
SES 0.00 0.00000% 324,216,127.74 0.00 0.00 0.00
Totals 865,617,991.00 1,271,507.50 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-A1 0.00 0.00 93,832.46 0.00 30,405,276.91
1-A2 0.00 0.00 2,554.63 0.00 827,796.23
1-AR 0.00 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.11 0.00 0.00
2-A1 (0.01) 0.00 221,938.63 0.00 61,967,204.25
2-A2 0.00 0.00 44,889.11 0.00 14,559,108.19
2-A3 0.00 0.00 90,594.73 0.00 27,298,327.87
2-A4 (0.02) 0.00 450,932.65 0.00 121,321,776.54
2-A5 0.00 0.00 39,108.13 0.00 10,919,331.15
2-A6 0.00 0.00 1,066.35 0.00 297,733.76
3-A1 0.00 0.00 102,180.45 0.00 25,470,811.44
AP 0.00 0.00 0.00 0.00 889,754.11
B-1 0.00 0.00 33,327.56 0.00 9,585,292.62
B-2 0.00 0.00 12,816.92 0.00 3,686,257.90
B-3 0.00 0.00 8,970.07 0.00 2,579,869.50
B-4 0.00 0.00 5,129.14 0.00 1,475,184.54
B-5 0.00 0.00 3,843.89 0.00 1,105,536.68
B-6 0.00 0.00 3,846.80 0.00 1,106,373.93
W-IO 0.00 0.00 156,476.03 0.00 298,717,285.17
SES 0.00 0.00 60,072.06 0.00 313,495,637.22
Totals (0.03) 0.00 1,331,579.72 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-A1 137,188,000.00 3.42800% 239.42934141 0.68396981 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 239.42934137 0.68397055 0.00000000 0.00000000
1-AR 50.00 3.42800% 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 50.00 3.42800% 0.00000000 0.00000000 0.00000000 0.00000000
2-A1 170,250,000.00 4.18300% 373.97205040 1.30360423 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 373.97205050 1.12222775 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 373.97205040 1.20792973 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 373.97205042 1.35284389 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 373.97205033 1.30360433 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 373.97205379 1.30360636 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 523.28407176 1.99240402 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 825.73830363 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.09799% 867.17458415 2.96139684 0.00000000 0.00000000
B-2 4,328,000.00 4.09799% 867.17458410 2.96139556 0.00000000 0.00000000
B-3 3,029,000.00 4.09799% 867.17458567 2.96139650 0.00000000 0.00000000
B-4 1,732,000.00 4.09799% 867.17458430 2.96139723 0.00000000 0.00000000
B-5 1,298,000.00 4.09799% 867.17458398 2.96139445 0.00000000 0.00000000
B-6 1,298,983.00 4.09799% 867.17458196 2.96139364 0.00000000 0.00000000
W-IO 0.00 0.60688% 364.84849482 0.18451627 0.00000000 0.00000000
SES 0.00 0.00000% 374.54873918 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-A1 0.00000000 0.00000000 0.68396988 0.00000000 221.63219021
1-A2 0.00000000 0.00000000 0.68397055 0.00000000 221.63219009
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 2.20000000 0.00000000 0.00000000
2-A1 (0.00000006) 0.00000000 1.30360429 0.00000000 363.97770485
2-A2 0.00000000 0.00000000 1.12222775 0.00000000 363.97770475
2-A3 0.00000000 0.00000000 1.20792973 0.00000000 363.97770493
2-A4 (0.00000006) 0.00000000 1.35284395 0.00000000 363.97770486
2-A5 0.00000000 0.00000000 1.30360433 0.00000000 363.97770500
2-A6 0.00000000 0.00000000 1.30360636 0.00000000 363.97770171
3-A1 0.00000000 0.00000000 1.99240421 0.00000000 496.65226557
AP 0.00000000 0.00000000 0.00000000 0.00000000 823.91658363
B-1 0.00000000 0.00000000 2.96139684 0.00000000 851.72317576
B-2 0.00000000 0.00000000 2.96139556 0.00000000 851.72317468
B-3 0.00000000 0.00000000 2.96139650 0.00000000 851.72317597
B-4 0.00000000 0.00000000 2.96139723 0.00000000 851.72317552
B-5 0.00000000 0.00000000 2.96139445 0.00000000 851.72317411
B-6 0.00000000 0.00000000 2.96139364 0.00000000 851.72317883
W-IO 0.00000000 0.00000000 0.18451627 0.00000000 352.24692109
SES 0.00000000 0.00000000 0.06939789 0.00000000 362.16395673
<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>
AP (2) 0.00000% 0.00 0.00 839,990.63 838,097.03 81.61443785%
AP (3) 0.00000% 0.00 0.00 51,730.77 51,657.08 97.44780230%
W-IO (1) 0.70735% 36,833,569.75 34,213,121.60 0.00 0.00 23.63446373%
W-IO (2) 0.58531% 246,275,682.72 239,605,341.51 0.00 0.00 36.72387056%
W-IO (3) 0.66814% 26,294,592.80 24,898,822.06 0.00 0.00 48.99115756%
SES (1) 0.00000% 36,833,569.75 34,213,121.60 0.00 0.00 23.63446361%
SES (2) 0.00000% 259,220,339.77 252,518,690.18 0.00 0.00 37.79527795%
SES (3) 0.00000% 28,162,218.22 26,763,825.44 0.00 0.00 50.75037922%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 12,066,389.79
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 12,066,389.79
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 14,319.53
Payment of Interest and Principal 12,052,070.26
Total Withdrawals (Pool Distribution Amount) 12,066,389.79
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 13,509.01
Trustee Fee - Wells Fargo Bank, N.A. 810.52
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 14,319.53
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 4 0 0 0 4
1,369,034.96 0.00 0.00 0.00 1,369,034.96
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 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 4 0 0 0 4
1,369,034.96 0.00 0.00 0.00 1,369,034.96
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 0.617284% 0.000000% 0.000000% 0.000000% 0.617284%
0.436281% 0.000000% 0.000000% 0.000000% 0.436281%
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 0.617284% 0.000000% 0.000000% 0.000000% 0.617284%
0.436281% 0.000000% 0.000000% 0.000000% 0.436281%
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 1 0 0 0 1
261,258.21 0.00 0.00 0.00 261,258.21
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
261,258.21 0.00 0.00 0.00 261,258.21
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.265823% 0.000000% 0.000000% 0.000000% 1.265823%
0.762563% 0.000000% 0.000000% 0.000000% 0.762563%
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 1.265823% 0.000000% 0.000000% 0.000000% 1.265823%
0.762563% 0.000000% 0.000000% 0.000000% 0.762563%
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 3 0 0 0 3
1,107,776.75 0.00 0.00 0.00 1,107,776.75
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 3 0 0 0 3
1,107,776.75 0.00 0.00 0.00 1,107,776.75
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.582524% 0.000000% 0.000000% 0.000000% 0.582524%
0.438305% 0.000000% 0.000000% 0.000000% 0.438305%
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 0.582524% 0.000000% 0.000000% 0.000000% 0.582524%
0.438305% 0.000000% 0.000000% 0.000000% 0.438305%
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 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%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 7,493.74
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.973349%
Weighted Average Pass-Through Rate 4.706148%
Weighted Average Maturity (Stepdown Calculation) 339
Beginning Scheduled Collateral Loan Count 669
Number Of Loans Paid In Full 21
Ending Scheduled Collateral Loan Count 648
Beginning Scheduled Collateral Balance 324,216,127.74
Ending Scheduled Collateral Balance 313,495,637.22
Ending Actual Collateral Balance at 31-Oct-2004 313,796,628.00
Monthly P &I Constant 1,712,813.97
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 11,565,674.02
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 313,495,637.22
Scheduled Principal 369,113.96
Unscheduled Principal 10,351,376.56
Miscellaneous Reporting
Total Senior Percentage 93.847363%
Aggregate Subordinate Percentage 6.152635%
Group Level Collateral Statement
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 4.513352 4.988293 5.437433
Weighted Average Net Rate 4.263352 4.738293 5.187434
Weighted Average Maturity 338 339 339
Beginning Loan Count 84 528 57
Loans Paid In Full 5 13 3
Ending Loan Count 79 515 54
Beginning Scheduled Balance 36,833,569.75 259,220,339.77 28,162,218.22
Ending scheduled Balance 34,213,121.60 252,518,690.18 26,763,825.44
Record Date 10/31/2004 10/31/2004 10/31/2004
Principal And Interest Constant 196,101.86 1,352,683.33 164,028.78
Scheduled Principal 57,566.14 275,127.53 36,420.29
Unscheduled Principal 2,562,882.01 6,426,522.06 1,361,972.49
Scheduled Interest 138,535.72 1,077,555.80 127,608.49
Servicing Fees 7,673.67 54,004.25 5,867.12
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 92.08 648.03 70.41
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 3,836.84 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 126,933.13 1,022,903.52 121,670.96
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 4.135352 4.735293 5.184433
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.973349
Weighted Average Net Rate 4.723349
Weighted Average Maturity 339
Beginning Loan Count 669
Loans Paid In Full 21
Ending Loan Count 648
Beginning Scheduled Balance 324,216,127.74
Ending scheduled Balance 313,495,637.22
Record Date 10/31/2004
Principal And Interest Constant 1,712,813.97
Scheduled Principal 369,113.96
Unscheduled Principal 10,351,376.56
Scheduled Interest 1,343,700.01
Servicing Fees 67,545.04
Master Servicing Fees 0.00
Trustee Fee 810.52
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 3,836.84
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 1,271,507.61
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 4.706148
Miscellaneous Reporting
Group 1
CPR 57.972069%
Group 1 Subordinate Percentage 8.395789%
Group 1 Subordinate Prepayment % 4.197894%
Group 1 Senior Prepayment Percentage 95.802106%
Group 1 Senior Percentage 91.604211%
Group 2
CPR 26.034754%
Group 2 Subordinate Percentage 6.009221%
Group 2 Subordinate Prepayment % 3.004610%
Group 2 Senior Prepayment Percentage 96.995390%
Group 2 Senior Percentage 93.990779%
Group 3
CPR 44.878626%
Group 3 Subordinate Percentage 4.531635%
Group 3 Subordinate Prepayment % 2.265817%
Group 3 Senior Prepayment Percentage 97.734183%
Group 3 Senior Percentage 95.468365%