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 2004-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-26 54-2144738
Pooling and Servicing Agreement) (Commission 54-2144739
(State or other File Number) 54-2144740
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 2004-2
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 2004-2 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 2004-2 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 2004-2 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: 2004-2
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>
1A1 05948KLW7 SEQ 6.00000% 106,409,216.91 530,769.92 1,165,571.64
1AR 05948KLX5 SEQ 6.00000% 0.00 0.00 0.00
1AMR 05948KLY3 SEQ 6.00000% 0.00 0.00 0.00
1ALR 05948KLZ0 SEQ 6.00000% 0.00 0.00 0.00
2A1 05948KMA4 SEQ 5.00000% 22,372,288.23 92,994.28 966,497.50
2A2 05948KMB2 SEQ 5.25000% 14,114,000.00 61,600.64 0.00
2A3 05948KMC0 SEQ 6.00000% 2,211,000.00 11,028.48 0.00
2A4 05948KMD8 SEQ 2.33250% 11,186,144.12 21,690.91 483,248.75
2A5 05948KME6 IO 5.66750% 0.00 52,704.51 0.00
2A6 05948KMF3 IO 0.75000% 0.00 8,800.09 0.00
2A7 05948KMG1 SEQ 6.00000% 3,130,000.00 15,612.46 0.00
CBIO 05948KMH9 IO 0.24115% 0.00 11,461.94 0.00
3A1 05948KMJ5 SEQ 6.00000% 26,677,558.42 133,067.85 545,895.41
3IO 05948KMK2 IO 0.22779% 0.00 1,687.96 0.00
4A1 05948KML0 SEQ 4.75000% 33,825,692.58 133,893.39 307,539.94
5A1 05948KMM8 SEQ 5.50000% 32,300,399.78 148,043.53 284,357.46
15IO 05948KMN6 IO 0.32083% 0.00 11,749.99 0.00
PO 05948KMP1 PO 0.00000% 6,094,480.19 0.00 52,537.49
15B1 05948KMU0 SUB 5.11964% 1,011,045.60 4,313.49 4,097.36
15B2 05948KMV8 SUB 5.11964% 144,435.09 616.21 585.34
15B3 05948KMW6 SUB 5.11964% 217,137.31 926.39 879.97
15B4 05948KNB1 SUB 5.11964% 107,599.29 459.06 436.06
15B5 05948KNC9 SUB 5.11964% 72,702.22 310.17 294.63
15B6 05948KND7 SUB 5.11964% 108,771.26 464.06 440.80
30B1 05948KMR7 SUB 5.50000% 4,758,581.48 21,757.85 5,063.19
30B2 05948KMS5 SUB 5.50000% 2,102,582.90 9,613.72 2,237.17
30B3 05948KMT3 SUB 5.50000% 1,216,919.44 5,564.17 1,294.82
30B4 05948KMY2 SUB 6.00000% 1,105,839.59 5,515.94 1,176.63
30B5 05948KMZ9 SUB 6.00000% 664,495.54 3,314.51 707.03
30B6 05948KNA3 SUB 6.00000% 995,947.96 4,967.80 1,059.69
30BIO 05948KMQ9 IO 0.50000% 0.00 3,357.79 0.00
SES 05948KMX4 IO 0.00000% 0.00 48,434.20 0.00
Totals 270,826,837.91 1,344,721.31 3,823,920.88
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 105,243,645.27 1,696,341.56 0.00
1AR 0.00 0.00 0.00 0.00
1AMR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00
2A1 0.00 21,405,790.74 1,059,491.78 0.00
2A2 0.00 14,114,000.00 61,600.64 0.00
2A3 0.00 2,211,000.00 11,028.48 0.00
2A4 0.00 10,702,895.37 504,939.66 0.00
2A5 0.00 0.00 52,704.51 0.00
2A6 0.00 0.00 8,800.09 0.00
2A7 0.00 3,130,000.00 15,612.46 0.00
CBIO 0.00 0.00 11,461.94 0.00
3A1 0.00 26,131,663.02 678,963.26 0.00
3IO 0.00 0.00 1,687.96 0.00
4A1 0.00 33,518,152.64 441,433.33 0.00
5A1 0.00 32,016,042.33 432,400.99 0.00
15IO 0.00 0.00 11,749.99 0.00
PO 0.00 6,041,942.71 52,537.49 0.00
15B1 0.00 1,006,948.24 8,410.85 0.00
15B2 0.00 143,849.75 1,201.55 0.00
15B3 0.00 216,257.34 1,806.36 0.00
15B4 0.00 107,163.24 895.12 0.00
15B5 0.00 72,407.59 604.80 0.00
15B6 0.00 108,330.46 904.86 0.00
30B1 0.00 4,753,518.29 26,821.04 0.00
30B2 0.00 2,100,345.72 11,850.89 0.00
30B3 0.00 1,215,624.62 6,858.99 0.00
30B4 0.00 1,104,662.96 6,692.57 0.00
30B5 0.00 663,788.51 4,021.54 0.00
30B6 0.00 994,888.26 6,027.49 0.00
30BIO 0.00 0.00 3,357.79 0.00
SES 0.00 0.00 48,434.20 0.00
Totals 0.00 267,002,917.06 5,168,642.19 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>
1A1 117,132,000.00 106,409,216.91 115,780.87 1,049,790.77 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1AMR 25.00 0.00 0.00 0.00 0.00 0.00
1ALR 25.00 0.00 0.00 0.00 0.00 0.00
2A1 26,400,000.00 22,372,288.23 36,757.22 929,740.28 0.00 0.00
2A2 14,114,000.00 14,114,000.00 0.00 0.00 0.00 0.00
2A3 2,211,000.00 2,211,000.00 0.00 0.00 0.00 0.00
2A4 13,200,000.00 11,186,144.12 18,378.61 464,870.14 0.00 0.00
2A5 0.00 0.00 0.00 0.00 0.00 0.00
2A6 0.00 0.00 0.00 0.00 0.00 0.00
2A7 3,130,000.00 3,130,000.00 0.00 0.00 0.00 0.00
CBIO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 29,837,000.00 26,677,558.42 27,153.77 518,741.63 0.00 0.00
3IO 0.00 0.00 0.00 0.00 0.00 0.00
4A1 36,738,000.00 33,825,692.58 138,113.27 169,426.67 0.00 0.00
5A1 35,655,000.00 32,300,399.78 129,886.86 154,470.60 0.00 0.00
15IO 0.00 0.00 0.00 0.00 0.00 0.00
PO 6,537,180.00 6,094,480.19 8,100.83 44,436.66 0.00 0.00
15B1 1,043,000.00 1,011,045.60 4,097.36 0.00 0.00 0.00
15B2 149,000.00 144,435.09 585.34 0.00 0.00 0.00
15B3 224,000.00 217,137.31 879.97 0.00 0.00 0.00
15B4 111,000.00 107,599.29 436.06 0.00 0.00 0.00
15B5 75,000.00 72,702.22 294.63 0.00 0.00 0.00
15B6 112,209.00 108,771.26 440.80 0.00 0.00 0.00
30B1 4,798,000.00 4,758,581.48 5,063.19 0.00 0.00 0.00
30B2 2,120,000.00 2,102,582.90 2,237.17 0.00 0.00 0.00
30B3 1,227,000.00 1,216,919.44 1,294.82 0.00 0.00 0.00
30B4 1,115,000.00 1,105,839.59 1,176.63 0.00 0.00 0.00
30B5 670,000.00 664,495.54 707.03 0.00 0.00 0.00
30B6 1,004,198.00 995,947.96 1,059.69 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 297,602,687.00 270,826,837.91 492,444.12 3,331,476.75 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>
1A1 1,165,571.64 105,243,645.27 0.89850464 1,165,571.64
1AR 0.00 0.00 0.00000000 0.00
1AMR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 966,497.50 21,405,790.74 0.81082541 966,497.50
2A2 0.00 14,114,000.00 1.00000000 0.00
2A3 0.00 2,211,000.00 1.00000000 0.00
2A4 483,248.75 10,702,895.37 0.81082541 483,248.75
2A5 0.00 0.00 0.00000000 0.00
2A6 0.00 0.00 0.00000000 0.00
2A7 0.00 3,130,000.00 1.00000000 0.00
CBIO 0.00 0.00 0.00000000 0.00
3A1 545,895.41 26,131,663.02 0.87581402 545,895.41
3IO 0.00 0.00 0.00000000 0.00
4A1 307,539.94 33,518,152.64 0.91235649 307,539.94
5A1 284,357.46 32,016,042.33 0.89793977 284,357.46
15IO 0.00 0.00 0.00000000 0.00
PO 52,537.49 6,041,942.71 0.92424298 52,537.49
15B1 4,097.36 1,006,948.24 0.96543455 4,097.36
15B2 585.34 143,849.75 0.96543456 585.34
15B3 879.97 216,257.34 0.96543455 879.97
15B4 436.06 107,163.24 0.96543459 436.06
15B5 294.63 72,407.59 0.96543453 294.63
15B6 440.80 108,330.46 0.96543468 440.80
30B1 5,063.19 4,753,518.29 0.99072911 5,063.19
30B2 2,237.17 2,100,345.72 0.99072911 2,237.17
30B3 1,294.82 1,215,624.62 0.99072911 1,294.82
30B4 1,176.63 1,104,662.96 0.99072911 1,176.63
30B5 707.03 663,788.51 0.99072912 707.03
30B6 1,059.69 994,888.26 0.99072918 1,059.69
SES 0.00 0.00 0.00000000 0.00
Totals 3,823,920.88 267,002,917.06 0.89717912 3,823,920.88
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>
1A1 117,132,000.00 908.45556219 0.98846489 8.96245919 0.00000000
1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 26,400,000.00 847.43516023 1.39231894 35.21743485 0.00000000
2A2 14,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A3 2,211,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 13,200,000.00 847.43516061 1.39231894 35.21743485 0.00000000
2A5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A6 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A7 3,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CBIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 29,837,000.00 894.10994470 0.91007038 17.38585079 0.00000000
3IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4A1 36,738,000.00 920.72765474 3.75941178 4.61175540 0.00000000
5A1 35,655,000.00 905.91501276 3.64287926 4.33236853 0.00000000
15IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
PO 6,537,180.00 932.27969706 1.23919335 6.79752737 0.00000000
15B1 1,043,000.00 969.36299137 3.92843720 0.00000000 0.00000000
15B2 149,000.00 969.36302013 3.92845638 0.00000000 0.00000000
15B3 224,000.00 969.36299107 3.92843750 0.00000000 0.00000000
15B4 111,000.00 969.36297297 3.92846847 0.00000000 0.00000000
15B5 75,000.00 969.36293333 3.92840000 0.00000000 0.00000000
15B6 112,209.00 969.36306357 3.92838364 0.00000000 0.00000000
30B1 4,798,000.00 991.78438516 1.05527095 0.00000000 0.00000000
30B2 2,120,000.00 991.78438679 1.05526887 0.00000000 0.00000000
30B3 1,227,000.00 991.78438468 1.05527302 0.00000000 0.00000000
30B4 1,115,000.00 991.78438565 1.05527354 0.00000000 0.00000000
30B5 670,000.00 991.78438806 1.05526866 0.00000000 0.00000000
30B6 1,004,198.00 991.78444888 1.05526002 0.00000000 0.00000000
30BIO 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>
1A1 0.00000000 9.95092409 898.50463810 0.89850464 9.95092409
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 36.60975379 810.82540682 0.81082541 36.60975379
2A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A4 0.00000000 36.60975379 810.82540682 0.81082541 36.60975379
2A5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CBIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 18.29592151 875.81402353 0.87581402 18.29592151
3IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4A1 0.00000000 8.37116718 912.35648756 0.91235649 8.37116718
5A1 0.00000000 7.97524779 897.93976525 0.89793977 7.97524779
15IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
PO 0.00000000 8.03672073 924.24297786 0.92424298 8.03672073
15B1 0.00000000 3.92843720 965.43455417 0.96543455 3.92843720
15B2 0.00000000 3.92845638 965.43456376 0.96543456 3.92845638
15B3 0.00000000 3.92843750 965.43455357 0.96543455 3.92843750
15B4 0.00000000 3.92846847 965.43459459 0.96543459 3.92846847
15B5 0.00000000 3.92840000 965.43453333 0.96543453 3.92840000
15B6 0.00000000 3.92838364 965.43467993 0.96543468 3.92838364
30B1 0.00000000 1.05527095 990.72911421 0.99072911 1.05527095
30B2 0.00000000 1.05526887 990.72911321 0.99072911 1.05526887
30B3 0.00000000 1.05527302 990.72911165 0.99072911 1.05527302
30B4 0.00000000 1.05527354 990.72911211 0.99072911 1.05527354
30B5 0.00000000 1.05526866 990.72911940 0.99072912 1.05526866
30B6 0.00000000 1.05526002 990.72917891 0.99072918 1.05526002
30BIO 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>
1A1 117,132,000.00 6.00000% 106,409,216.91 532,046.08 0.00 0.00
1AR 50.00 6.00000% 0.00 0.00 0.00 0.00
1AMR 25.00 6.00000% 0.00 0.00 0.00 0.00
1ALR 25.00 6.00000% 0.00 0.00 0.00 0.00
2A1 26,400,000.00 5.00000% 22,372,288.23 93,217.87 0.00 0.00
2A2 14,114,000.00 5.25000% 14,114,000.00 61,748.75 0.00 0.00
2A3 2,211,000.00 6.00000% 2,211,000.00 11,055.00 0.00 0.00
2A4 13,200,000.00 2.33250% 11,186,144.12 21,743.07 0.00 0.00
2A5 0.00 5.66750% 11,186,144.12 52,831.23 0.00 0.00
2A6 0.00 0.75000% 14,114,000.00 8,821.25 0.00 0.00
2A7 3,130,000.00 6.00000% 3,130,000.00 15,650.00 0.00 0.00
CBIO 0.00 0.24115% 57,172,868.38 11,489.50 0.00 0.00
3A1 29,837,000.00 6.00000% 26,677,558.42 133,387.79 0.00 0.00
3IO 0.00 0.22779% 8,913,694.40 1,692.02 0.00 0.00
4A1 36,738,000.00 4.75000% 33,825,692.58 133,893.37 0.00 0.00
5A1 35,655,000.00 5.50000% 32,300,399.78 148,043.50 0.00 0.00
15IO 0.00 0.32083% 43,948,132.35 11,749.99 0.00 0.00
PO 6,537,180.00 0.00000% 6,094,480.19 0.00 0.00 0.00
15B1 1,043,000.00 5.11964% 1,011,045.60 4,313.49 0.00 0.00
15B2 149,000.00 5.11964% 144,435.09 616.21 0.00 0.00
15B3 224,000.00 5.11964% 217,137.31 926.39 0.00 0.00
15B4 111,000.00 5.11964% 107,599.29 459.06 0.00 0.00
15B5 75,000.00 5.11964% 72,702.22 310.17 0.00 0.00
15B6 112,209.00 5.11964% 108,771.26 464.06 0.00 0.00
30B1 4,798,000.00 5.50000% 4,758,581.48 21,810.17 0.00 0.00
30B2 2,120,000.00 5.50000% 2,102,582.90 9,636.84 0.00 0.00
30B3 1,227,000.00 5.50000% 1,216,919.44 5,577.55 0.00 0.00
30B4 1,115,000.00 6.00000% 1,105,839.59 5,529.20 0.00 0.00
30B5 670,000.00 6.00000% 664,495.54 3,322.48 0.00 0.00
30B6 1,004,198.00 6.00000% 995,947.96 4,979.74 0.00 0.00
30BIO 0.00 0.50000% 8,078,083.82 3,365.87 0.00 0.00
SES 0.00 0.00000% 270,826,838.92 0.00 0.00 0.00
Totals 297,602,687.00 1,298,680.65 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>
1A1 1,276.16 0.00 530,769.92 0.00 105,243,645.27
1AR 0.00 0.00 0.00 0.00 0.00
1AMR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00 0.00
2A1 223.59 0.00 92,994.28 0.00 21,405,790.74
2A2 148.11 0.00 61,600.64 0.00 14,114,000.00
2A3 26.52 0.00 11,028.48 0.00 2,211,000.00
2A4 52.15 0.00 21,690.91 0.00 10,702,895.37
2A5 126.72 0.00 52,704.51 0.00 10,702,895.37
2A6 21.16 0.00 8,800.09 0.00 14,114,000.00
2A7 37.54 0.00 15,612.46 0.00 3,130,000.00
CBIO 27.56 0.00 11,461.94 0.00 56,168,903.80
3A1 319.94 0.00 133,067.85 0.00 26,131,663.02
3IO 4.06 0.00 1,687.96 0.00 8,905,152.83
4A1 (0.03) 0.00 133,893.39 0.00 33,518,152.64
5A1 (0.03) 0.00 148,043.53 0.00 32,016,042.33
15IO 0.00 0.00 11,749.99 0.00 43,558,153.45
PO 0.00 0.00 0.00 0.00 6,041,942.71
15B1 0.00 0.00 4,313.49 0.00 1,006,948.24
15B2 0.00 0.00 616.21 0.00 143,849.75
15B3 0.00 0.00 926.39 0.00 216,257.34
15B4 0.00 0.00 459.06 0.00 107,163.24
15B5 0.00 0.00 310.17 0.00 72,407.59
15B6 0.00 0.00 464.06 0.00 108,330.46
30B1 52.31 0.00 21,757.85 0.00 4,753,518.29
30B2 23.11 0.00 9,613.72 0.00 2,100,345.72
30B3 13.38 0.00 5,564.17 0.00 1,215,624.62
30B4 13.26 0.00 5,515.94 0.00 1,104,662.96
30B5 7.97 0.00 3,314.51 0.00 663,788.51
30B6 11.94 0.00 4,967.80 0.00 994,888.26
30BIO 8.07 0.00 3,357.79 0.00 8,069,488.64
SES 0.00 0.00 48,434.20 0.00 267,002,918.05
Totals 2,393.49 0.00 1,344,721.31 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>
1A1 117,132,000.00 6.00000% 908.45556219 4.54227777 0.00000000 0.00000000
1AR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 26,400,000.00 5.00000% 847.43516023 3.53097992 0.00000000 0.00000000
2A2 14,114,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000
2A3 2,211,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
2A4 13,200,000.00 2.33250% 847.43516061 1.64720227 0.00000000 0.00000000
2A5 0.00 5.66750% 847.43516061 4.00236591 0.00000000 0.00000000
2A6 0.00 0.75000% 1000.00000000 0.62500000 0.00000000 0.00000000
2A7 3,130,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
CBIO 0.00 0.24115% 889.03585395 0.17866127 0.00000000 0.00000000
3A1 29,837,000.00 6.00000% 894.10994470 4.47054965 0.00000000 0.00000000
3IO 0.00 0.22779% 892.91364486 0.16949512 0.00000000 0.00000000
4A1 36,738,000.00 4.75000% 920.72765474 3.64454706 0.00000000 0.00000000
5A1 35,655,000.00 5.50000% 905.91501276 4.15211050 0.00000000 0.00000000
15IO 0.00 0.32083% 912.02770604 0.24384009 0.00000000 0.00000000
PO 6,537,180.00 0.00000% 932.27969706 0.00000000 0.00000000 0.00000000
15B1 1,043,000.00 5.11964% 969.36299137 4.13565676 0.00000000 0.00000000
15B2 149,000.00 5.11964% 969.36302013 4.13563758 0.00000000 0.00000000
15B3 224,000.00 5.11964% 969.36299107 4.13566964 0.00000000 0.00000000
15B4 111,000.00 5.11964% 969.36297297 4.13567568 0.00000000 0.00000000
15B5 75,000.00 5.11964% 969.36293333 4.13560000 0.00000000 0.00000000
15B6 112,209.00 5.11964% 969.36306357 4.13567539 0.00000000 0.00000000
30B1 4,798,000.00 5.50000% 991.78438516 4.54567945 0.00000000 0.00000000
30B2 2,120,000.00 5.50000% 991.78438679 4.54567925 0.00000000 0.00000000
30B3 1,227,000.00 5.50000% 991.78438468 4.54568052 0.00000000 0.00000000
30B4 1,115,000.00 6.00000% 991.78438565 4.95892377 0.00000000 0.00000000
30B5 670,000.00 6.00000% 991.78438806 4.95892537 0.00000000 0.00000000
30B6 1,004,198.00 6.00000% 991.78444888 4.95892244 0.00000000 0.00000000
30BIO 0.00 0.50000% 991.78438551 0.41324371 0.00000000 0.00000000
SES 0.00 0.00000% 910.02820128 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>
1A1 0.01089506 0.00000000 4.53138271 0.00000000 898.50463810
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00846932 0.00000000 3.52251061 0.00000000 810.82540682
2A2 0.01049384 0.00000000 4.36450616 0.00000000 1000.00000000
2A3 0.01199457 0.00000000 4.98800543 0.00000000 1000.00000000
2A4 0.00395076 0.00000000 1.64325076 0.00000000 810.82540682
2A5 0.00960000 0.00000000 3.99276591 0.00000000 810.82540682
2A6 0.00149922 0.00000000 0.62350078 0.00000000 1000.00000000
2A7 0.01199361 0.00000000 4.98800639 0.00000000 1000.00000000
CBIO 0.00042856 0.00000000 0.17823272 0.00000000 873.42424423
3A1 0.01072293 0.00000000 4.45982673 0.00000000 875.81402353
3IO 0.00040670 0.00000000 0.16908842 0.00000000 892.05800812
4A1 (0.00000082) 0.00000000 3.64454761 0.00000000 912.35648756
5A1 (0.00000084) 0.00000000 4.15211134 0.00000000 897.93976525
15IO 0.00000000 0.00000000 0.24384009 0.00000000 903.93472136
PO 0.00000000 0.00000000 0.00000000 0.00000000 924.24297786
15B1 0.00000000 0.00000000 4.13565676 0.00000000 965.43455417
15B2 0.00000000 0.00000000 4.13563758 0.00000000 965.43456376
15B3 0.00000000 0.00000000 4.13566964 0.00000000 965.43455357
15B4 0.00000000 0.00000000 4.13567568 0.00000000 965.43459459
15B5 0.00000000 0.00000000 4.13560000 0.00000000 965.43453333
15B6 0.00000000 0.00000000 4.13567539 0.00000000 965.43467993
30B1 0.01090246 0.00000000 4.53477491 0.00000000 990.72911421
30B2 0.01090094 0.00000000 4.53477358 0.00000000 990.72911321
30B3 0.01090465 0.00000000 4.53477588 0.00000000 990.72911165
30B4 0.01189238 0.00000000 4.94703139 0.00000000 990.72911211
30B5 0.01189552 0.00000000 4.94702985 0.00000000 990.72911940
30B6 0.01189009 0.00000000 4.94703236 0.00000000 990.72917891
30BIO 0.00099079 0.00000000 0.41225169 0.00000000 990.72911479
SES 0.00000000 0.00000000 0.16274786 0.00000000 897.17912087
<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>
CBIO-1 0.21585% 42,290,223.00 41,561,496.28 0.00 0.00 88.44516778%
CBIO-2 0.31304% 14,882,645.38 14,607,407.52 0.00 0.00 84.35013132%
3IO-1 0.22779% 8,913,694.40 8,905,152.83 0.00 0.00 89.20580081%
15IO-1 0.37186% 28,681,041.94 28,396,247.09 0.00 0.00 91.82609915%
15IO-2 0.22497% 15,267,090.41 15,161,906.36 0.00 0.00 87.82719732%
PO-1 0.00000% 0.00 0.00 2,815,002.09 2,798,449.70 93.22205670%
PO-2 0.00000% 0.00 0.00 2,111,922.31 2,079,132.89 91.30701614%
PO-3 0.00000% 0.00 0.00 816,922.91 815,371.57 93.08075271%
PO-4 0.00000% 0.00 0.00 157,975.96 157,279.98 91.48173913%
PO-5 0.00000% 0.00 0.00 192,656.93 191,708.56 91.17040067%
30BIO-1 0.50000% 4,758,581.48 4,753,518.29 0.00 0.00 99.07291142%
30BIO-2 0.50000% 2,102,582.90 2,100,345.72 0.00 0.00 99.07291132%
30BIO-3 0.50000% 1,216,919.44 1,215,624.62 0.00 0.00 99.07291117%
SES-1 0.00000% 115,362,445.63 114,173,642.77 0.00 0.00 90.38135880%
SES-2 0.00000% 58,260,962.01 56,775,165.21 0.00 0.00 88.03312344%
SES-3 0.00000% 29,065,014.64 28,515,969.33 0.00 0.00 88.29568537%
SES-4 0.00000% 34,826,383.90 34,514,707.10 0.00 0.00 91.35836173%
SES-5 0.00000% 33,312,032.74 33,023,433.64 0.00 0.00 89.95775034%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,181,619.32
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 5,181,619.32
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 12,977.13
Payment of Interest and Principal 5,168,642.19
Total Withdrawals (Pool Distribution Amount) 5,181,619.32
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 2,393.49
SERVICING FEES
<s> <c>
Gross Servicing Fee 11,284.45
Trustee Fee 1,692.68
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 12,977.13
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
250,005.99 0.00 0.00 250,005.99
30 Days 13 0 0 0 13
1,645,100.91 0.00 0.00 0.00 1,645,100.91
60 Days 3 0 0 0 3
192,110.74 0.00 0.00 0.00 192,110.74
90 Days 0 1 0 0 1
0.00 487,618.87 0.00 0.00 487,618.87
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 3 0 0 19
1,837,211.65 737,624.86 0.00 0.00 2,574,836.51
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 0.099354% 0.000000% 0.000000% 0.099354%
0.093486% 0.000000% 0.000000% 0.093486%
30 Days 0.645802% 0.000000% 0.000000% 0.000000% 0.645802%
0.615163% 0.000000% 0.000000% 0.000000% 0.615163%
60 Days 0.149031% 0.000000% 0.000000% 0.000000% 0.149031%
0.071837% 0.000000% 0.000000% 0.000000% 0.071837%
90 Days 0.000000% 0.049677% 0.000000% 0.000000% 0.049677%
0.000000% 0.182338% 0.000000% 0.000000% 0.182338%
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 0.794834% 0.149031% 0.000000% 0.000000% 0.943865%
0.687000% 0.275825% 0.000000% 0.000000% 0.962825%
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 1 0 0 1
177,285.37 0.00 0.00 177,285.37
30 Days 3 0 0 0 3
372,144.39 0.00 0.00 0.00 372,144.39
60 Days 2 0 0 0 2
132,682.19 0.00 0.00 0.00 132,682.19
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 5 1 0 0 6
504,826.58 177,285.37 0.00 0.00 682,111.95
0-29 Days 0.107411% 0.000000% 0.000000% 0.107411%
0.155127% 0.000000% 0.000000% 0.155127%
30 Days 0.322234% 0.000000% 0.000000% 0.000000% 0.322234%
0.325632% 0.000000% 0.000000% 0.000000% 0.325632%
60 Days 0.214823% 0.000000% 0.000000% 0.000000% 0.214823%
0.116099% 0.000000% 0.000000% 0.000000% 0.116099%
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 0.537057% 0.107411% 0.000000% 0.000000% 0.644468%
0.441730% 0.155127% 0.000000% 0.000000% 0.596857%
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 1 0 0 1
72,720.62 0.00 0.00 72,720.62
30 Days 4 0 0 0 4
549,970.21 0.00 0.00 0.00 549,970.21
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 4 1 0 0 5
549,970.21 72,720.62 0.00 0.00 622,690.83
0-29 Days 0.278552% 0.000000% 0.000000% 0.278552%
0.127975% 0.000000% 0.000000% 0.127975%
30 Days 1.114206% 0.000000% 0.000000% 0.000000% 1.114206%
0.967848% 0.000000% 0.000000% 0.000000% 0.967848%
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 1.114206% 0.278552% 0.000000% 0.000000% 1.392758%
0.967848% 0.127975% 0.000000% 0.000000% 1.095823%
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 1 0 0 1
0.00 487,618.87 0.00 0.00 487,618.87
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 1 0 0 1
0.00 487,618.87 0.00 0.00 487,618.87
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% 1.960784% 0.000000% 0.000000% 1.960784%
0.000000% 1.708434% 0.000000% 0.000000% 1.708434%
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% 1.960784% 0.000000% 0.000000% 1.960784%
0.000000% 1.708434% 0.000000% 0.000000% 1.708434%
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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 3 0 0 0 3
435,220.16 0.00 0.00 0.00 435,220.16
60 Days 1 0 0 0 1
59,428.55 0.00 0.00 0.00 59,428.55
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
494,648.71 0.00 0.00 0.00 494,648.71
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.010101% 0.000000% 0.000000% 0.000000% 1.010101%
1.256595% 0.000000% 0.000000% 0.000000% 1.256595%
60 Days 0.336700% 0.000000% 0.000000% 0.000000% 0.336700%
0.171586% 0.000000% 0.000000% 0.000000% 0.171586%
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 1.346801% 0.000000% 0.000000% 0.000000% 1.346801%
1.428180% 0.000000% 0.000000% 0.000000% 1.428180%
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 3 0 0 0 3
287,766.15 0.00 0.00 0.00 287,766.15
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
287,766.15 0.00 0.00 0.00 287,766.15
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.800000% 0.000000% 0.000000% 0.000000% 0.800000%
0.868322% 0.000000% 0.000000% 0.000000% 0.868322%
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 0.800000% 0.000000% 0.000000% 0.000000% 0.800000%
0.868322% 0.000000% 0.000000% 0.000000% 0.868322%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 15,612.44
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.011792%
Weighted Average Pass-Through Rate 5.754292%
Weighted Average Maturity(Stepdown Calculation ) 347
Beginning Scheduled Collateral Loan Count 2,040
Number Of Loans Paid In Full 27
Ending Scheduled Collateral Loan Count 2,013
Beginning Scheduled Collateral Balance 270,826,838.92
Ending Scheduled Collateral Balance 267,002,918.05
Ending Actual Collateral Balance at 31-Oct-2004 267,425,178.94
Monthly P &I Constant 1,849,239.62
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 4,937,942.61
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 267,002,918.05
Scheduled Principal 492,444.12
Unscheduled Principal 3,331,476.75
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 30 Year Fixed 3 - 30 Year Fixed
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.190222 6.119966 6.158718
Weighted Average Net Rate 5.940221 5.869968 5.908718
Weighted Average Maturity 344 350 350
Beginning Loan Count 943 368 52
Loans Paid In Full 12 9 1
Ending Loan Count 931 359 51
Beginning Scheduled Balance 115,362,445.63 58,260,962.01 29,065,014.64
Ending scheduled Balance 114,173,642.77 56,775,165.21 28,515,969.33
Record Date 10/31/2004 10/31/2004 10/31/2004
Principal And Interest Constant 721,011.08 357,868.40 178,792.81
Scheduled Principal 125,911.83 60,739.14 29,623.46
Unscheduled Principal 1,062,891.03 1,425,057.66 519,421.85
Scheduled Interest 595,099.25 297,129.26 149,169.35
Servicing Fees 24,033.85 12,137.69 6,055.22
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 721.02 364.11 181.66
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 570,344.38 284,627.46 142,932.47
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 5.932720 5.862468 5.901217
Group Level Collateral Statement
Group 4 - 15 Year Fixed 5 - 15 Year Fixed Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 5.292197 5.828797 6.011792
Weighted Average Net Rate 5.042199 5.578797 5.761792
Weighted Average Maturity 168 166 347
Beginning Loan Count 299 378 2,040
Loans Paid In Full 2 3 27
Ending Loan Count 297 375 2,013
Beginning Scheduled Balance 34,826,383.90 33,312,032.74 270,826,838.92
Ending scheduled Balance 34,514,707.10 33,023,433.64 267,002,918.05
Record Date 10/31/2004 10/31/2004 10/31/2004
Principal And Interest Constant 295,820.33 295,747.00 1,849,239.62
Scheduled Principal 142,230.26 133,939.43 492,444.12
Unscheduled Principal 169,446.54 154,659.67 3,331,476.75
Scheduled Interest 153,590.07 161,807.57 1,356,795.50
Servicing Fees 7,255.50 6,940.01 56,422.27
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 217.68 208.21 1,692.68
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 146,116.89 154,659.35 1,298,680.55
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 5.034670 5.571294 5.754292
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 10.523693%
Subordinate Percentage 5.453901%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.546099%
Group 2 - 30 Year Fixed
CPR 25.731422%
Subordinate Percentage 5.584435%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.415565%
Group 3 - 30 Year Fixed
CPR 19.475972%
Subordinate Percentage 5.559784%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 94.440216%
Miscellaneous Reporting
Group 4 - 15 Year Fixed
CPR 5.707513%
Subordinate Percentage 2.430785%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.569215%
Group 5 - 15 Year Fixed
CPR 5.452590%
Subordinate Percentage 2.472800%
Subordinate Prepayment Percentage 0.000000%
Recoveries 0.00
Senior Prepayment Percentage 100.000000%
Senior Percentage 97.527200%
Group