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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-7 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-40 54-2157792
Pooling and Servicing Agreement) (Commission 54-2157793
(State or other File Number) 54-2157794
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On November 26, 2004 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-7
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2004-7 Trust, relating to the
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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-7 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 11/26/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-7 Trust,
relating to the November 26, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 10/31/2004
Distribution Date: 11/26/2004
BAA Series: 2004-7
Contact: Customer Service - SecuritiesLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1-A-1 05949ALX6 SEN 6.00000% 140,585,962.73 702,929.81 1,256,932.71
1-A-R 05949ALY4 SEN 6.00000% 0.00 0.31 0.00
1-A-LR 05949ALZ1 SEN 6.00000% 0.00 0.00 0.00
2-A-1 05949AMA5 SEN 6.00000% 103,049,811.33 515,249.06 1,694,832.30
2-A-2 05949AMB3 SEN 6.00000% 1,041,291.99 5,206.46 17,125.85
CB-IO 05949AMC1 IO 6.00000% 0.00 38,282.60 0.00
3-A-1 05949AMD9 SEN 6.00000% 5,228,000.00 26,140.00 0.00
3-A-2 05949AME7 SEN 6.00000% 37,487,705.49 187,438.53 2,502,633.55
3-A-3 05949AMF4 SEN 6.00000% 2,120,000.00 10,600.00 0.00
3-A-4 05949AMG2 SEN 6.00000% 2,120,000.00 10,600.00 0.00
3-IO 05949AMH0 IO 6.00000% 0.00 4,442.89 0.00
4-A-1 05949AMJ6 SEN 5.00000% 33,943,248.02 141,430.20 489,755.31
5-A-1 05949AMK3 SEN 5.50000% 52,131,900.99 238,937.88 410,321.84
15-IO 05949ANA4 IO 5.00000% 0.00 11,469.76 0.00
X-PO 05949AML1 PO 0.00000% 4,645,871.59 0.00 18,302.03
15-PO 05949AMM9 PO 0.00000% 932,040.97 0.00 3,750.84
15-B-1 05949AMR8 SUB 5.30425% 2,393,941.42 10,581.73 8,782.29
15-B-2 05949AMS6 SUB 5.30425% 275,995.73 1,219.96 1,012.50
15-B-3 05949AMT4 SUB 5.30425% 275,995.73 1,219.96 1,012.50
15-B-4 05949AMX5 SUB 5.30425% 184,986.38 817.68 678.63
15-B-5 05949AMY3 SUB 5.30425% 91,998.58 406.65 337.50
15-B-6 05949AMZ0 SUB 5.30425% 184,194.29 814.18 675.73
30-B-1 05949AMN7 SUB 6.00000% 6,724,745.92 33,623.73 6,550.72
30-B-2 05949AMP2 SUB 6.00000% 3,200,835.47 16,004.18 3,118.00
30-B-3 05949AMQ0 SUB 6.00000% 1,921,498.43 9,607.49 1,871.77
30-B-4 05949AMU1 SUB 6.00000% 1,760,958.08 8,804.79 1,715.39
30-B-5 05949AMV9 SUB 6.00000% 1,439,877.39 7,199.39 1,402.62
30-B-6 05949AMW7 SUB 6.00000% 961,453.52 4,807.27 936.57
Totals 402,702,314.05 1,987,834.51 6,421,748.65
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 139,329,030.02 1,959,862.52 0.00
1-A-R 0.00 0.00 0.31 0.00
1-A-LR 0.00 0.00 0.00 0.00
2-A-1 0.00 101,354,979.03 2,210,081.36 0.00
2-A-2 0.00 1,024,166.15 22,332.31 0.00
CB-IO 0.00 0.00 38,282.60 0.00
3-A-1 0.00 5,228,000.00 26,140.00 0.00
3-A-2 0.00 34,985,071.95 2,690,072.08 0.00
3-A-3 0.00 2,120,000.00 10,600.00 0.00
3-A-4 0.00 2,120,000.00 10,600.00 0.00
3-IO 0.00 0.00 4,442.89 0.00
4-A-1 0.00 33,453,492.72 631,185.51 0.00
5-A-1 0.00 51,721,579.15 649,259.72 0.00
15-IO 0.00 0.00 11,469.76 0.00
X-PO 0.00 4,627,569.55 18,302.03 0.00
15-PO 0.00 928,290.12 3,750.84 0.00
15-B-1 0.00 2,385,159.13 19,364.02 0.00
15-B-2 0.00 274,983.22 2,232.46 0.00
15-B-3 0.00 274,983.22 2,232.46 0.00
15-B-4 0.00 184,307.75 1,496.31 0.00
15-B-5 0.00 91,661.07 744.15 0.00
15-B-6 0.00 183,518.56 1,489.91 0.00
30-B-1 0.00 6,718,195.20 40,174.45 0.00
30-B-2 0.00 3,197,717.47 19,122.18 0.00
30-B-3 0.00 1,919,626.65 11,479.26 0.00
30-B-4 0.00 1,759,242.69 10,520.18 0.00
30-B-5 0.00 1,438,474.77 8,602.01 0.00
30-B-6 0.00 960,516.95 5,743.84 0.00
Totals 0.00 396,280,565.37 8,409,583.16 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1-A-1 145,430,000.00 140,585,962.73 135,259.51 1,121,673.20 0.00 0.00
1-A-R 50.00 0.00 0.00 0.00 0.00 0.00
1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-A-1 105,495,000.00 103,049,811.33 98,832.83 1,595,999.48 0.00 0.00
2-A-2 1,066,000.00 1,041,291.99 998.68 16,127.17 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 5,228,000.00 5,228,000.00 0.00 0.00 0.00 0.00
3-A-2 38,861,000.00 37,487,705.49 48,948.33 2,453,685.22 0.00 0.00
3-A-3 2,120,000.00 2,120,000.00 0.00 0.00 0.00 0.00
3-A-4 2,120,000.00 2,120,000.00 0.00 0.00 0.00 0.00
3-IO 0.00 0.00 0.00 0.00 0.00 0.00
4-A-1 34,348,000.00 33,943,248.02 128,730.97 361,024.34 0.00 0.00
5-A-1 54,305,000.00 52,131,900.99 187,089.98 223,231.86 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
X-PO 4,719,787.00 4,645,871.59 5,129.41 13,172.62 0.00 0.00
15-PO 947,416.00 932,040.97 3,621.00 129.85 0.00 0.00
15-B-1 2,420,000.00 2,393,941.42 8,782.29 0.00 0.00 0.00
15-B-2 279,000.00 275,995.73 1,012.50 0.00 0.00 0.00
15-B-3 279,000.00 275,995.73 1,012.50 0.00 0.00 0.00
15-B-4 187,000.00 184,986.38 678.63 0.00 0.00 0.00
15-B-5 93,000.00 91,998.58 337.50 0.00 0.00 0.00
15-B-6 186,199.00 184,194.29 675.73 0.00 0.00 0.00
30-B-1 6,744,000.00 6,724,745.92 6,550.72 0.00 0.00 0.00
30-B-2 3,210,000.00 3,200,835.47 3,118.00 0.00 0.00 0.00
30-B-3 1,927,000.00 1,921,498.43 1,871.77 0.00 0.00 0.00
30-B-4 1,766,000.00 1,760,958.08 1,715.39 0.00 0.00 0.00
30-B-5 1,444,000.00 1,439,877.39 1,402.62 0.00 0.00 0.00
30-B-6 964,206.00 961,453.52 936.57 0.00 0.00 0.00
Totals 414,139,708.00 402,702,314.05 636,704.93 5,785,043.74 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 1,256,932.71 139,329,030.02 0.95804875 1,256,932.71
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 1,694,832.30 101,354,979.03 0.96075624 1,694,832.30
2-A-2 17,125.85 1,024,166.15 0.96075624 17,125.85
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 0.00 5,228,000.00 1.00000000 0.00
3-A-2 2,502,633.55 34,985,071.95 0.90026175 2,502,633.55
3-A-3 0.00 2,120,000.00 1.00000000 0.00
3-A-4 0.00 2,120,000.00 1.00000000 0.00
3-IO 0.00 0.00 0.00000000 0.00
4-A-1 489,755.31 33,453,492.72 0.97395751 489,755.31
5-A-1 410,321.84 51,721,579.15 0.95242757 410,321.84
15-IO 0.00 0.00 0.00000000 0.00
X-PO 18,302.03 4,627,569.55 0.98046152 18,302.03
15-PO 3,750.84 928,290.12 0.97981258 3,750.84
15-B-1 8,782.29 2,385,159.13 0.98560295 8,782.29
15-B-2 1,012.50 274,983.22 0.98560294 1,012.50
15-B-3 1,012.50 274,983.22 0.98560294 1,012.50
15-B-4 678.63 184,307.75 0.98560294 678.63
15-B-5 337.50 91,661.07 0.98560290 337.50
15-B-6 675.73 183,518.56 0.98560443 675.73
30-B-1 6,550.72 6,718,195.20 0.99617367 6,550.72
30-B-2 3,118.00 3,197,717.47 0.99617367 3,118.00
30-B-3 1,871.77 1,919,626.65 0.99617366 1,871.77
30-B-4 1,715.39 1,759,242.69 0.99617366 1,715.39
30-B-5 1,402.62 1,438,474.77 0.99617366 1,402.62
30-B-6 936.57 960,516.95 0.99617400 936.57
Totals 6,421,748.65 396,280,565.37 0.95687653 6,421,748.65
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1-A-1 145,430,000.00 966.69162298 0.93006608 7.71280479 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 105,495,000.00 976.82175771 0.93684848 15.12867416 0.00000000
2-A-2 1,066,000.00 976.82175422 0.93684803 15.12867730 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 5,228,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-2 38,861,000.00 964.66136975 1.25957464 63.14004323 0.00000000
3-A-3 2,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-4 2,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 34,348,000.00 988.21614126 3.74784471 10.51078200 0.00000000
5-A-1 54,305,000.00 959.98344517 3.44517043 4.11070546 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 4,719,787.00 984.33924878 1.08678845 2.79093527 0.00000000
15-PO 947,416.00 983.77161669 3.82197472 0.13705701 0.00000000
15-B-1 2,420,000.00 989.23199174 3.62904545 0.00000000 0.00000000
15-B-2 279,000.00 989.23200717 3.62903226 0.00000000 0.00000000
15-B-3 279,000.00 989.23200717 3.62903226 0.00000000 0.00000000
15-B-4 187,000.00 989.23197861 3.62903743 0.00000000 0.00000000
15-B-5 93,000.00 989.23204301 3.62903226 0.00000000 0.00000000
15-B-6 186,199.00 989.23350824 3.62907427 0.00000000 0.00000000
30-B-1 6,744,000.00 997.14500593 0.97134045 0.00000000 0.00000000
30-B-2 3,210,000.00 997.14500623 0.97133956 0.00000000 0.00000000
30-B-3 1,927,000.00 997.14500778 0.97133887 0.00000000 0.00000000
30-B-4 1,766,000.00 997.14500566 0.97134202 0.00000000 0.00000000
30-B-5 1,444,000.00 997.14500693 0.97134349 0.00000000 0.00000000
30-B-6 964,206.00 997.14534031 0.97133808 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 8.64287087 958.04875211 0.95804875 8.64287087
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 16.06552254 960.75623518 0.96075624 16.06552254
2-A-2 0.00000000 16.06552533 960.75623827 0.96075624 16.06552533
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-2 0.00000000 64.39961787 900.26175214 0.90026175 64.39961787
3-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 0.00000000 14.25862670 973.95751485 0.97395751 14.25862670
5-A-1 0.00000000 7.55587589 952.42756928 0.95242757 7.55587589
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 0.00000000 3.87772372 980.46152295 0.98046152 3.87772372
15-PO 0.00000000 3.95902117 979.81258497 0.97981258 3.95902117
15-B-1 0.00000000 3.62904545 985.60294628 0.98560295 3.62904545
15-B-2 0.00000000 3.62903226 985.60293907 0.98560294 3.62903226
15-B-3 0.00000000 3.62903226 985.60293907 0.98560294 3.62903226
15-B-4 0.00000000 3.62903743 985.60294118 0.98560294 3.62903743
15-B-5 0.00000000 3.62903226 985.60290323 0.98560290 3.62903226
15-B-6 0.00000000 3.62907427 985.60443397 0.98560443 3.62907427
30-B-1 0.00000000 0.97134045 996.17366548 0.99617367 0.97134045
30-B-2 0.00000000 0.97133956 996.17366667 0.99617367 0.97133956
30-B-3 0.00000000 0.97133887 996.17366373 0.99617366 0.97133887
30-B-4 0.00000000 0.97134202 996.17366365 0.99617366 0.97134202
30-B-5 0.00000000 0.97134349 996.17366343 0.99617366 0.97134349
30-B-6 0.00000000 0.97133808 996.17400224 0.99617400 0.97133808
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A-1 145,430,000.00 6.00000% 140,585,962.73 702,929.81 0.00 0.00
1-A-R 50.00 6.00000% 0.00 0.00 0.00 0.00
1-A-LR 50.00 6.00000% 0.00 0.00 0.00 0.00
2-A-1 105,495,000.00 6.00000% 103,049,811.33 515,249.06 0.00 0.00
2-A-2 1,066,000.00 6.00000% 1,041,291.99 5,206.46 0.00 0.00
CB-IO 0.00 6.00000% 7,656,519.48 38,282.60 0.00 0.00
3-A-1 5,228,000.00 6.00000% 5,228,000.00 26,140.00 0.00 0.00
3-A-2 38,861,000.00 6.00000% 37,487,705.49 187,438.53 0.00 0.00
3-A-3 2,120,000.00 6.00000% 2,120,000.00 10,600.00 0.00 0.00
3-A-4 2,120,000.00 6.00000% 2,120,000.00 10,600.00 0.00 0.00
3-IO 0.00 6.00000% 888,577.90 4,442.89 0.00 0.00
4-A-1 34,348,000.00 5.00000% 33,943,248.02 141,430.20 0.00 0.00
5-A-1 54,305,000.00 5.50000% 52,131,900.99 238,937.88 0.00 0.00
15-IO 0.00 5.00000% 2,752,743.24 11,469.76 0.00 0.00
X-PO 4,719,787.00 0.00000% 4,645,871.59 0.00 0.00 0.00
15-PO 947,416.00 0.00000% 932,040.97 0.00 0.00 0.00
15-B-1 2,420,000.00 5.30425% 2,393,941.42 10,581.73 0.00 0.00
15-B-2 279,000.00 5.30425% 275,995.73 1,219.96 0.00 0.00
15-B-3 279,000.00 5.30425% 275,995.73 1,219.96 0.00 0.00
15-B-4 187,000.00 5.30425% 184,986.38 817.68 0.00 0.00
15-B-5 93,000.00 5.30425% 91,998.58 406.65 0.00 0.00
15-B-6 186,199.00 5.30425% 184,194.29 814.18 0.00 0.00
30-B-1 6,744,000.00 6.00000% 6,724,745.92 33,623.73 0.00 0.00
30-B-2 3,210,000.00 6.00000% 3,200,835.47 16,004.18 0.00 0.00
30-B-3 1,927,000.00 6.00000% 1,921,498.43 9,607.49 0.00 0.00
30-B-4 1,766,000.00 6.00000% 1,760,958.08 8,804.79 0.00 0.00
30-B-5 1,444,000.00 6.00000% 1,439,877.39 7,199.39 0.00 0.00
30-B-6 964,206.00 6.00000% 961,453.52 4,807.27 0.00 0.00
Totals 414,139,708.00 1,987,834.20 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 0.00 702,929.81 0.00 139,329,030.02
1-A-R 0.00 0.00 0.31 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 0.00 0.00 515,249.06 0.00 101,354,979.03
2-A-2 0.00 0.00 5,206.46 0.00 1,024,166.15
CB-IO 0.00 0.00 38,282.60 0.00 7,561,136.57
3-A-1 0.00 0.00 26,140.00 0.00 5,228,000.00
3-A-2 0.00 0.00 187,438.53 0.00 34,985,071.95
3-A-3 0.00 0.00 10,600.00 0.00 2,120,000.00
3-A-4 0.00 0.00 10,600.00 0.00 2,120,000.00
3-IO 0.00 0.00 4,442.89 0.00 762,679.84
4-A-1 0.00 0.00 141,430.20 0.00 33,453,492.72
5-A-1 0.00 0.00 238,937.88 0.00 51,721,579.15
15-IO 0.00 0.00 11,469.76 0.00 2,717,480.86
X-PO 0.00 0.00 0.00 0.00 4,627,569.55
15-PO 0.00 0.00 0.00 0.00 928,290.12
15-B-1 0.00 0.00 10,581.73 0.00 2,385,159.13
15-B-2 0.00 0.00 1,219.96 0.00 274,983.22
15-B-3 0.00 0.00 1,219.96 0.00 274,983.22
15-B-4 0.00 0.00 817.68 0.00 184,307.75
15-B-5 0.00 0.00 406.65 0.00 91,661.07
15-B-6 0.00 0.00 814.18 0.00 183,518.56
30-B-1 0.00 0.00 33,623.73 0.00 6,718,195.20
30-B-2 0.00 0.00 16,004.18 0.00 3,197,717.47
30-B-3 0.00 0.00 9,607.49 0.00 1,919,626.65
30-B-4 0.00 0.00 8,804.79 0.00 1,759,242.69
30-B-5 0.00 0.00 7,199.39 0.00 1,438,474.77
30-B-6 0.00 0.00 4,807.27 0.00 960,516.95
Totals 0.00 0.00 1,987,834.51 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A-1 145,430,000.00 6.00000% 966.69162298 4.83345809 0.00000000 0.00000000
1-A-R 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 105,495,000.00 6.00000% 976.82175771 4.88410882 0.00000000 0.00000000
2-A-2 1,066,000.00 6.00000% 976.82175422 4.88410882 0.00000000 0.00000000
CB-IO 0.00 6.00000% 948.93952173 4.74469793 0.00000000 0.00000000
3-A-1 5,228,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-2 38,861,000.00 6.00000% 964.66136975 4.82330691 0.00000000 0.00000000
3-A-3 2,120,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-4 2,120,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-IO 0.00 6.00000% 929.05593817 4.64528021 0.00000000 0.00000000
4-A-1 34,348,000.00 5.00000% 988.21614126 4.11756725 0.00000000 0.00000000
5-A-1 54,305,000.00 5.50000% 959.98344517 4.39992413 0.00000000 0.00000000
15-IO 0.00 5.00000% 956.99358480 3.98747205 0.00000000 0.00000000
X-PO 4,719,787.00 0.00000% 984.33924878 0.00000000 0.00000000 0.00000000
15-PO 947,416.00 0.00000% 983.77161669 0.00000000 0.00000000 0.00000000
15-B-1 2,420,000.00 5.30425% 989.23199174 4.37261570 0.00000000 0.00000000
15-B-2 279,000.00 5.30425% 989.23200717 4.37261649 0.00000000 0.00000000
15-B-3 279,000.00 5.30425% 989.23200717 4.37261649 0.00000000 0.00000000
15-B-4 187,000.00 5.30425% 989.23197861 4.37262032 0.00000000 0.00000000
15-B-5 93,000.00 5.30425% 989.23204301 4.37258065 0.00000000 0.00000000
15-B-6 186,199.00 5.30425% 989.23350824 4.37263358 0.00000000 0.00000000
30-B-1 6,744,000.00 6.00000% 997.14500593 4.98572509 0.00000000 0.00000000
30-B-2 3,210,000.00 6.00000% 997.14500623 4.98572586 0.00000000 0.00000000
30-B-3 1,927,000.00 6.00000% 997.14500778 4.98572392 0.00000000 0.00000000
30-B-4 1,766,000.00 6.00000% 997.14500566 4.98572480 0.00000000 0.00000000
30-B-5 1,444,000.00 6.00000% 997.14500693 4.98572715 0.00000000 0.00000000
30-B-6 964,206.00 6.00000% 997.14534031 4.98572919 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 0.00000000 4.83345809 0.00000000 958.04875211
1-A-R 0.00000000 0.00000000 6.20000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 4.88410882 0.00000000 960.75623518
2-A-2 0.00000000 0.00000000 4.88410882 0.00000000 960.75623827
CB-IO 0.00000000 0.00000000 4.74469793 0.00000000 937.11788224
3-A-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-A-2 0.00000000 0.00000000 4.82330691 0.00000000 900.26175214
3-A-3 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-A-4 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-IO 0.00000000 0.00000000 4.64528021 0.00000000 797.42275188
4-A-1 0.00000000 0.00000000 4.11756725 0.00000000 973.95751485
5-A-1 0.00000000 0.00000000 4.39992413 0.00000000 952.42756928
15-IO 0.00000000 0.00000000 3.98747205 0.00000000 944.73458768
X-PO 0.00000000 0.00000000 0.00000000 0.00000000 980.46152295
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 979.81258497
15-B-1 0.00000000 0.00000000 4.37261570 0.00000000 985.60294628
15-B-2 0.00000000 0.00000000 4.37261649 0.00000000 985.60293907
15-B-3 0.00000000 0.00000000 4.37261649 0.00000000 985.60293907
15-B-4 0.00000000 0.00000000 4.37262032 0.00000000 985.60294118
15-B-5 0.00000000 0.00000000 4.37258065 0.00000000 985.60290323
15-B-6 0.00000000 0.00000000 4.37263358 0.00000000 985.60443397
30-B-1 0.00000000 0.00000000 4.98572509 0.00000000 996.17366548
30-B-2 0.00000000 0.00000000 4.98572586 0.00000000 996.17366667
30-B-3 0.00000000 0.00000000 4.98572392 0.00000000 996.17366373
30-B-4 0.00000000 0.00000000 4.98572480 0.00000000 996.17366365
30-B-5 0.00000000 0.00000000 4.98572715 0.00000000 996.17366343
30-B-6 0.00000000 0.00000000 4.98572919 0.00000000 996.17400224
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
1-IO 6.00000% 4,633,809.56 4,596,909.14 0.00 0.00 94.34001428%
2-IO 6.00000% 3,022,709.92 2,964,227.43 0.00 0.00 92.75391801%
3-IO-1 6.00000% 888,577.90 762,679.84 0.00 0.00 79.74227519%
15-IO-1 5.00000% 794,405.07 781,875.80 0.00 0.00 97.30814370%
15-IO-2 5.00000% 1,958,338.18 1,935,605.06 0.00 0.00 93.37469126%
X-PO-1 0.00000% 0.00 0.00 2,071,892.04 2,058,250.54 97.63366974%
X-PO-2 0.00000% 0.00 0.00 1,243,712.71 1,242,158.85 99.00993560%
X-PO-3 0.00000% 0.00 0.00 1,310,697.19 1,307,668.17 97.80095223%
X-PO-4 0.00000% 0.00 0.00 9,880.06 9,839.86 98.39860000%
X-PO-5 0.00000% 0.00 0.00 9,689.60 9,652.14 96.52140000%
15-PO-4 0.00000% 0.00 0.00 727,963.51 725,001.56 98.39855809%
15-PO-5 0.00000% 0.00 0.00 204,077.46 203,288.57 96.52141111%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 8,495,325.16
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 8,495,325.16
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 85,742.00
Payment of Interest and Principal 8,409,583.16
Total Withdrawals (Pool Distribution Amount) 8,495,325.16
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 83,896.32
Trustee Fee - Wells Fargo Bank, N.A. 1,845.68
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 85,742.00
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 1 0 0 1
78,708.84 0.00 0.00 78,708.84
30 Days 14 0 0 0 14
1,957,964.80 0.00 0.00 0.00 1,957,964.80
60 Days 2 0 0 0 2
154,911.84 0.00 0.00 0.00 154,911.84
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 16 1 0 0 17
2,112,876.64 78,708.84 0.00 0.00 2,191,585.48
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 0.035039% 0.000000% 0.000000% 0.035039%
0.019836% 0.000000% 0.000000% 0.019836%
30 Days 0.490540% 0.000000% 0.000000% 0.000000% 0.490540%
0.493439% 0.000000% 0.000000% 0.000000% 0.493439%
60 Days 0.070077% 0.000000% 0.000000% 0.000000% 0.070077%
0.039040% 0.000000% 0.000000% 0.000000% 0.039040%
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 0.560617% 0.035039% 0.000000% 0.000000% 0.595655%
0.532479% 0.019836% 0.000000% 0.000000% 0.552315%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 - 30 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 5 0 0 0 5
625,810.15 0.00 0.00 0.00 625,810.15
60 Days 1 0 0 0 1
113,217.07 0.00 0.00 0.00 113,217.07
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 6 0 0 0 6
739,027.22 0.00 0.00 0.00 739,027.22
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.412882% 0.000000% 0.000000% 0.000000% 0.412882%
0.419317% 0.000000% 0.000000% 0.000000% 0.419317%
60 Days 0.082576% 0.000000% 0.000000% 0.000000% 0.082576%
0.075860% 0.000000% 0.000000% 0.000000% 0.075860%
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 0.495458% 0.000000% 0.000000% 0.000000% 0.495458%
0.495177% 0.000000% 0.000000% 0.000000% 0.495177%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 - 30 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 6 0 0 0 6
1,000,931.96 0.00 0.00 0.00 1,000,931.96
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 6 0 0 0 6
1,000,931.96 0.00 0.00 0.00 1,000,931.96
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.855920% 0.000000% 0.000000% 0.000000% 0.855920%
0.915304% 0.000000% 0.000000% 0.000000% 0.915304%
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 0.855920% 0.000000% 0.000000% 0.000000% 0.855920%
0.915304% 0.000000% 0.000000% 0.000000% 0.915304%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 - 30 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 - 15 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 1 0 0 1
78,708.84 0.00 0.00 78,708.84
30 Days 1 0 0 0 1
53,327.02 0.00 0.00 0.00 53,327.02
60 Days 1 0 0 0 1
41,694.77 0.00 0.00 0.00 41,694.77
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 1 0 0 3
95,021.79 78,708.84 0.00 0.00 173,730.63
0-29 Days 0.326797% 0.000000% 0.000000% 0.326797%
0.220904% 0.000000% 0.000000% 0.220904%
30 Days 0.326797% 0.000000% 0.000000% 0.000000% 0.326797%
0.149668% 0.000000% 0.000000% 0.000000% 0.149668%
60 Days 0.326797% 0.000000% 0.000000% 0.000000% 0.326797%
0.117021% 0.000000% 0.000000% 0.000000% 0.117021%
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 0.653595% 0.326797% 0.000000% 0.000000% 0.980392%
0.266688% 0.220904% 0.000000% 0.000000% 0.487592%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
5 - 15 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
277,895.67 0.00 0.00 0.00 277,895.67
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
277,895.67 0.00 0.00 0.00 277,895.67
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.373134% 0.000000% 0.000000% 0.000000% 0.373134%
0.513074% 0.000000% 0.000000% 0.000000% 0.513074%
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 0.373134% 0.000000% 0.000000% 0.000000% 0.373134%
0.513074% 0.000000% 0.000000% 0.000000% 0.513074%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 13,710.13
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.178986%
Weighted Average Pass-Through Rate 5.923485%
Weighted Average Maturity(Stepdown Calculation ) 283
Beginning Scheduled Collateral Loan Count 2,885
Number Of Loans Paid In Full 31
Ending Scheduled Collateral Loan Count 2,854
Beginning Scheduled Collateral Balance 402,702,313.62
Ending Scheduled Collateral Balance 396,280,564.97
Ending Actual Collateral Balance at 31-Oct-2004 396,799,734.73
Monthly P &I Constant 2,710,281.63
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 8,133,885.39
Class AP Deferred Amount 0.00
Scheduled Principal 636,704.93
Unscheduled Principal 5,785,043.72
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 30 Year Fixed 3 - 30 Year Fixed
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year
Weighted Average Coupon Rate 6.357705 6.351667 6.205717
Weighted Average Net Rate 6.107705 6.101667 5.955717
Weighted Average Maturity 354 355 354
Beginning Loan Count 1,221 710 105
Loans Paid In Full 10 9 5
Ending Loan Count 1,211 701 100
Beginning Scheduled Balance 150,401,118.14 110,993,666.79 50,873,657.07
Ending scheduled Balance 149,123,094.04 109,274,727.50 48,365,276.61
Record Date 10/31/2004 10/31/2004 10/31/2004
Principal And Interest Constant 941,786.14 694,132.09 316,194.55
Scheduled Principal 144,947.90 106,636.43 53,104.96
Unscheduled Principal 1,133,076.20 1,612,302.86 2,455,275.50
Scheduled Interest 796,838.24 587,495.66 263,089.59
Servicing Fees 31,333.56 23,123.68 10,598.68
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 689.34 508.70 233.18
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 764,815.34 563,863.28 252,257.73
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 6.102205 6.096167 5.950217
Group Level Collateral Statement
Group 4 - 15 Year Fixed 5 - 15 Year Fixed Total
Collateral Description Fixed 15 Year Fixed 15 Year Mixed Fixed
Weighted Average Coupon Rate 5.263359 5.913830 6.178986
Weighted Average Net Rate 5.013360 5.663829 5.928985
Weighted Average Maturity 175 175 283
Beginning Loan Count 309 540 2,885
Loans Paid In Full 3 4 31
Ending Loan Count 306 536 2,854
Beginning Scheduled Balance 36,014,951.26 54,418,920.36 402,702,313.62
Ending scheduled Balance 35,517,135.09 54,000,331.73 396,280,564.97
Record Date 10/31/2004 10/31/2004 10/31/2004
Principal And Interest Constant 294,667.02 463,501.83 2,710,281.63
Scheduled Principal 136,700.66 195,314.98 636,704.93
Unscheduled Principal 361,115.51 223,273.65 5,785,043.72
Scheduled Interest 157,966.36 268,186.85 2,073,576.70
Servicing Fees 7,503.11 11,337.29 83,896.32
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 165.05 249.41 1,845.68
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 150,298.20 256,600.15 1,987,834.70
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.007859 5.658330 5.923485
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 8.683115%
Subordinate % 5.220322%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.779678%
Group 2 - 30 Year Fixed
CPR 16.118198%
Subordinate % 5.156130%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.843870%
Group 3 - 30 Year Fixed
CPR 44.800955%
Subordinate % 5.260489%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.739511%
Miscellaneous Reporting
Group 4 - 15 Year Fixed
CPR 11.431351%
Subordinate % 3.781089%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.218911%
Group 5 - 15 Year Fixed
CPR 4.830795%
Subordinate % 3.824824%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.175176%
Group