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 2004-C Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-28 54-2147335
Pooling and Servicing Agreement) (Commission 54-2147336
(State or other File Number) IRS EIN
jurisdiction
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On November 26, 2004 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2004-C
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2004-C Trust, relating to the
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 2004-C Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 11/30/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-C Trust,
relating to the 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: 2004-C
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1-A-1 05948X5P2 SEN 3.40918% 52,104,545.85 148,028.07 3,089,367.58
1-AR 05948X5Q0 SEN 3.45020% 0.00 0.00 0.00
1-A-LR 05948X5R8 SEN 3.45020% 0.00 0.12 0.00
2-A-1 05948X5S6 SEN 3.73837% 397,951,201.39 1,239,741.19 3,010,965.85
2-A-2 05948X5T4 SEN 4.05137% 139,126,740.08 469,711.76 1,052,656.36
3-A-1 05948X5U1 SEN 4.26253% 26,383,359.50 93,716.61 40,358.02
B-1 05948X5V9 SUB 3.79586% 9,418,145.86 29,791.59 5,660.68
B-2 05948X5W7 SUB 3.79586% 4,346,530.09 13,749.00 2,612.44
B-3 05948X5X5 SUB 3.79586% 1,811,718.20 5,730.85 1,088.91
B-4 05948X6B2 SUB 3.79586% 1,810,722.20 5,727.70 1,088.32
B-5 05948X6C0 SUB 3.79586% 1,448,179.36 4,580.90 870.41
B-6 05948X6D8 SUB 3.79586% 1,087,531.91 3,440.09 653.65
1-IO 05948X6E6 SEN 0.53000% 0.00 23,889.86 0.00
2-IO 05948X5Z0 SEN 0.46792% 0.00 216,115.19 0.00
3-IO 05948X6A4 SEN 0.80700% 0.00 18,265.76 0.00
SES 05948X5Y3 SEN 0.00000% 0.00 112,972.68 0.00
Totals 635,488,674.44 2,385,461.37 7,205,322.22
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 49,015,178.28 3,237,395.65 0.00
1-AR 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.12 0.00
2-A-1 0.00 394,940,235.54 4,250,707.04 0.00
2-A-2 0.00 138,074,083.72 1,522,368.12 0.00
3-A-1 0.00 26,343,001.48 134,074.63 0.00
B-1 0.00 9,412,485.18 35,452.27 0.00
B-2 0.00 4,343,917.65 16,361.44 0.00
B-3 0.00 1,810,629.29 6,819.76 0.00
B-4 0.00 1,809,633.89 6,816.02 0.00
B-5 0.00 1,447,308.95 5,451.31 0.00
B-6 0.00 1,086,878.26 4,093.74 0.00
1-IO 0.00 0.00 23,889.86 0.00
2-IO 0.00 0.00 216,115.19 0.00
3-IO 0.00 0.00 18,265.76 0.00
SES 0.00 0.00 112,972.68 0.00
Totals 0.00 628,283,352.24 9,590,783.59 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1-A-1 70,907,000.00 52,104,545.85 81,313.04 3,008,054.54 0.00 0.00
1-AR 50.00 0.00 0.00 0.00 0.00 0.00
1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-A-1 451,000,000.00 397,951,201.39 182,762.30 2,828,203.56 0.00 0.00
2-A-2 157,673,000.00 139,126,740.08 63,895.08 988,761.28 0.00 0.00
3-A-1 27,733,000.00 26,383,359.50 33,756.09 6,601.93 0.00 0.00
B-1 9,456,000.00 9,418,145.86 5,660.68 0.00 0.00 0.00
B-2 4,364,000.00 4,346,530.09 2,612.44 0.00 0.00 0.00
B-3 1,819,000.00 1,811,718.20 1,088.91 0.00 0.00 0.00
B-4 1,818,000.00 1,810,722.20 1,088.32 0.00 0.00 0.00
B-5 1,454,000.00 1,448,179.36 870.41 0.00 0.00 0.00
B-6 1,091,903.00 1,087,531.91 653.65 0.00 0.00 0.00
1-IO 0.00 0.00 0.00 0.00 0.00 0.00
2-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-IO 0.00 0.00 0.00 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 727,316,003.00 635,488,674.44 373,700.92 6,831,621.31 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 3,089,367.58 49,015,178.28 0.69126008 3,089,367.58
1-AR 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 3,010,965.85 394,940,235.54 0.87569897 3,010,965.85
2-A-2 1,052,656.36 138,074,083.72 0.87569897 1,052,656.36
3-A-1 40,358.02 26,343,001.48 0.94987926 40,358.02
B-1 5,660.68 9,412,485.18 0.99539818 5,660.68
B-2 2,612.44 4,343,917.65 0.99539818 2,612.44
B-3 1,088.91 1,810,629.29 0.99539818 1,088.91
B-4 1,088.32 1,809,633.89 0.99539818 1,088.32
B-5 870.41 1,447,308.95 0.99539818 870.41
B-6 653.65 1,086,878.26 0.99539818 653.65
1-IO 0.00 0.00 0.00000000 0.00
2-IO 0.00 0.00 0.00000000 0.00
3-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 7,205,322.22 628,283,352.24 0.86383821 7,205,322.22
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1-A-1 70,907,000.00 734.82936593 1.14675617 42.42253290 0.00000000
1-AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 451,000,000.00 882.37516938 0.40523792 6.27096133 0.00000000
2-A-2 157,673,000.00 882.37516937 0.40523793 6.27096129 0.00000000
3-A-1 27,733,000.00 951.33449320 1.21718134 0.23805322 0.00000000
B-1 9,456,000.00 995.99681261 0.59863367 0.00000000 0.00000000
B-2 4,364,000.00 995.99681256 0.59863428 0.00000000 0.00000000
B-3 1,819,000.00 995.99681143 0.59863112 0.00000000 0.00000000
B-4 1,818,000.00 995.99680968 0.59863586 0.00000000 0.00000000
B-5 1,454,000.00 995.99680880 0.59863136 0.00000000 0.00000000
B-6 1,091,903.00 995.99681474 0.59863376 0.00000000 0.00000000
1-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 43.56928907 691.26007700 0.69126008 43.56928907
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 6.67619922 875.69897016 0.87569897 6.67619922
2-A-2 0.00000000 6.67619922 875.69897015 0.87569897 6.67619922
3-A-1 0.00000000 1.45523456 949.87925864 0.94987926 1.45523456
B-1 0.00000000 0.59863367 995.39817893 0.99539818 0.59863367
B-2 0.00000000 0.59863428 995.39817828 0.99539818 0.59863428
B-3 0.00000000 0.59863112 995.39818032 0.99539818 0.59863112
B-4 0.00000000 0.59863586 995.39817932 0.99539818 0.59863586
B-5 0.00000000 0.59863136 995.39817744 0.99539818 0.59863136
B-6 0.00000000 0.59863376 995.39818097 0.99539818 0.59863376
1-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A-1 70,907,000.00 3.40918% 52,104,545.85 148,028.07 0.00 0.00
1-AR 50.00 3.45020% 0.00 0.00 0.00 0.00
1-A-LR 50.00 3.45020% 0.00 0.00 0.00 0.00
2-A-1 451,000,000.00 3.73837% 397,951,201.39 1,239,741.18 0.00 0.00
2-A-2 157,673,000.00 4.05137% 139,126,740.08 469,711.75 0.00 0.00
3-A-1 27,733,000.00 4.26253% 26,383,359.50 93,716.61 0.00 0.00
B-1 9,456,000.00 3.79586% 9,418,145.86 29,791.59 0.00 0.00
B-2 4,364,000.00 3.79586% 4,346,530.09 13,749.00 0.00 0.00
B-3 1,819,000.00 3.79586% 1,811,718.20 5,730.85 0.00 0.00
B-4 1,818,000.00 3.79586% 1,810,722.20 5,727.70 0.00 0.00
B-5 1,454,000.00 3.79586% 1,448,179.36 4,580.90 0.00 0.00
B-6 1,091,903.00 3.79586% 1,087,531.91 3,440.09 0.00 0.00
1-IO 0.00 0.53000% 54,090,251.73 23,889.86 0.00 0.00
2-IO 0.00 0.46792% 554,237,439.98 216,115.19 0.00 0.00
3-IO 0.00 0.80700% 27,160,983.17 18,265.76 0.00 0.00
SES 0.00 0.00000% 635,488,674.88 0.00 0.00 0.00
Totals 727,316,003.00 2,272,488.55 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 0.00 148,028.07 0.00 49,015,178.28
1-AR 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.12 0.00 0.00
2-A-1 (0.01) 0.00 1,239,741.19 0.00 394,940,235.54
2-A-2 0.00 0.00 469,711.76 0.00 138,074,083.72
3-A-1 0.00 0.00 93,716.61 0.00 26,343,001.48
B-1 0.00 0.00 29,791.59 0.00 9,412,485.18
B-2 0.00 0.00 13,749.00 0.00 4,343,917.65
B-3 0.00 0.00 5,730.85 0.00 1,810,629.29
B-4 0.00 0.00 5,727.70 0.00 1,809,633.89
B-5 0.00 0.00 4,580.90 0.00 1,447,308.95
B-6 0.00 0.00 3,440.09 0.00 1,086,878.26
1-IO 0.00 0.00 23,889.86 0.00 50,997,785.31
2-IO 0.00 0.00 216,115.19 0.00 550,165,937.13
3-IO 0.00 0.00 18,265.76 0.00 27,119,630.22
SES 0.00 0.00 112,972.68 0.00 628,283,352.66
Totals (0.01) 0.00 2,385,461.37 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A-1 70,907,000.00 3.40918% 734.82936593 2.08763690 0.00000000 0.00000000
1-AR 50.00 3.45020% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 3.45020% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 451,000,000.00 3.73837% 882.37516938 2.74887180 0.00000000 0.00000000
2-A-2 157,673,000.00 4.05137% 882.37516937 2.97902463 0.00000000 0.00000000
3-A-1 27,733,000.00 4.26253% 951.33449320 3.37924530 0.00000000 0.00000000
B-1 9,456,000.00 3.79586% 995.99681261 3.15054886 0.00000000 0.00000000
B-2 4,364,000.00 3.79586% 995.99681256 3.15054995 0.00000000 0.00000000
B-3 1,819,000.00 3.79586% 995.99681143 3.15054975 0.00000000 0.00000000
B-4 1,818,000.00 3.79586% 995.99680968 3.15055006 0.00000000 0.00000000
B-5 1,454,000.00 3.79586% 995.99680880 3.15055021 0.00000000 0.00000000
B-6 1,091,903.00 3.79586% 995.99681474 3.15054542 0.00000000 0.00000000
1-IO 0.00 0.53000% 741.84461302 0.32764802 0.00000000 0.00000000
2-IO 0.00 0.46792% 885.52537716 0.34529512 0.00000000 0.00000000
3-IO 0.00 0.80700% 952.43609397 0.64051323 0.00000000 0.00000000
SES 0.00 0.00000% 873.74493602 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 0.00000000 2.08763690 0.00000000 691.26007700
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 2.40000000 0.00000000 0.00000000
2-A-1 (0.00000002) 0.00000000 2.74887182 0.00000000 875.69897016
2-A-2 0.00000000 0.00000000 2.97902469 0.00000000 875.69897015
3-A-1 0.00000000 0.00000000 3.37924530 0.00000000 949.87925864
B-1 0.00000000 0.00000000 3.15054886 0.00000000 995.39817893
B-2 0.00000000 0.00000000 3.15054995 0.00000000 995.39817828
B-3 0.00000000 0.00000000 3.15054975 0.00000000 995.39818032
B-4 0.00000000 0.00000000 3.15055006 0.00000000 995.39817932
B-5 0.00000000 0.00000000 3.15055021 0.00000000 995.39817744
B-6 0.00000000 0.00000000 3.15054542 0.00000000 995.39818097
1-IO 0.00000000 0.00000000 0.32764802 0.00000000 699.43161842
2-IO 0.00000000 0.00000000 0.34529512 0.00000000 879.02018853
3-IO 0.00000000 0.00000000 0.64051323 0.00000000 950.98599764
SES 0.00000000 0.00000000 0.15532819 0.00000000 863.83820746
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
1-SES 0.00000% 54,090,251.73 50,997,785.31 0.00 0.00 69.94316184%
2-SES 0.00000% 554,237,439.98 550,165,937.13 0.00 0.00 87.90201885%
3-SES 0.00000% 27,160,983.17 27,119,630.22 0.00 0.00 95.09859976%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 9,611,934.72
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 7,181.07
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 9,619,115.79
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 28,332.20
Payment of Interest and Principal 9,590,783.59
Total Withdrawals (Pool Distribution Amount) 9,619,115.79
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 26,478.69
Trustee Fee - Wells Fargo Bank, N.A. 1,853.51
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 28,332.20
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 2 0 0 0 2
1,173,660.74 0.00 0.00 0.00 1,173,660.74
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 1 0 0 0 1
580,000.00 0.00 0.00 0.00 580,000.00
Totals 3 0 0 0 3
1,753,660.74 0.00 0.00 0.00 1,753,660.74
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 0.173160% 0.000000% 0.000000% 0.000000% 0.173160%
0.184599% 0.000000% 0.000000% 0.000000% 0.184599%
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 0.086580% 0.000000% 0.000000% 0.000000% 0.086580%
0.091225% 0.000000% 0.000000% 0.000000% 0.091225%
Totals 0.259740% 0.000000% 0.000000% 0.000000% 0.259740%
0.275824% 0.000000% 0.000000% 0.000000% 0.275824%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1- 3/1 ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
673,660.74 0.00 0.00 0.00 673,660.74
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
673,660.74 0.00 0.00 0.00 673,660.74
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.990099% 0.000000% 0.000000% 0.000000% 0.990099%
1.243770% 0.000000% 0.000000% 0.000000% 1.243770%
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 0.990099% 0.000000% 0.000000% 0.000000% 0.990099%
1.243770% 0.000000% 0.000000% 0.000000% 1.243770%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2- 5/1 ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
500,000.00 0.00 0.00 0.00 500,000.00
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 1 0 0 0 1
580,000.00 0.00 0.00 0.00 580,000.00
Totals 2 0 0 0 2
1,080,000.00 0.00 0.00 0.00 1,080,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.099900% 0.000000% 0.000000% 0.000000% 0.099900%
0.090182% 0.000000% 0.000000% 0.000000% 0.090182%
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 0.099900% 0.000000% 0.000000% 0.000000% 0.099900%
0.104611% 0.000000% 0.000000% 0.000000% 0.104611%
Totals 0.199800% 0.000000% 0.000000% 0.000000% 0.199800%
0.194792% 0.000000% 0.000000% 0.000000% 0.194792%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3- 7/1 ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 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 7,181.07
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.555304%
Weighted Average Net Coupon 4.305304%
Weighted Average Pass-Through Rate 4.291164%
Weighted Average Maturity(Stepdown Calculation ) 349
Beginning Scheduled Collateral Loan Count 1,168
Number Of Loans Paid In Full 13
Ending Scheduled Collateral Loan Count 1,155
Beginning Scheduled Collateral Balance 635,488,674.88
Ending Scheduled Collateral Balance 628,283,352.66
Ending Actual Collateral Balance at 31-Oct-2004 635,790,898.71
Monthly P &I Constant 2,786,070.97
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 628,283,352.66
Scheduled Principal 373,700.91
Unscheduled Principal 6,831,621.31
Miscellaneous Reporting
Total Senior% 96.864959%
Total Subordinate% 3.135041%
Group Level Collateral Statement
Group 1- 3/1 ARM 2- 5/1 ARM 3- 7/1 ARM
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.317678 4.540871 5.323032
Weighted Average Net Rate 4.067678 4.290871 5.073032
Weighted Average Maturity 347 351 349
Beginning Loan Count 107 1,008 53
Loans Paid In Full 6 7 0
Ending Loan Count 101 1,001 53
Beginning Scheduled Balance 54,090,251.73 554,237,439.98 27,160,983.17
Ending scheduled Balance 50,997,785.31 550,165,937.13 27,119,630.22
Record Date 10/31/2004 10/31/2004 10/31/2004
Principal And Interest Constant 279,032.13 2,351,805.49 155,233.35
Scheduled Principal 84,411.88 254,538.01 34,751.02
Unscheduled Principal 3,008,054.54 3,816,964.84 6,601.93
Scheduled Interest 194,620.25 2,097,267.48 120,482.33
Servicing Fees 11,268.80 115,466.14 5,658.54
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 157.76 1,616.53 79.22
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 5,634.40 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 177,559.29 1,980,184.81 114,744.57
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 3.939178 4.287371 5.069532
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.555304
Weighted Average Net Rate 4.305304
Weighted Average Maturity 349
Beginning Loan Count 1,168
Loans Paid In Full 13
Ending Loan Count 1,155
Beginning Scheduled Balance 635,488,674.88
Ending scheduled Balance 628,283,352.66
Record Date 10/31/2004
Principal And Interest Constant 2,786,070.97
Scheduled Principal 373,700.91
Unscheduled Principal 6,831,621.31
Scheduled Interest 2,412,370.06
Servicing Fees 132,393.48
Master Servicing Fees 0.00
Trustee Fee 1,853.51
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 5,634.40
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,272,488.67
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 4.291164
Miscellaneous Reporting
Group 1- 3/1 ARM
CPR 49.727891%
Subordinate% 3.671097%
Subordinate Prepayment% 0.000000%
Senior% 96.328903%
Group 2- 5/1 ARM
CPR 7.961815%
Subordinate% 3.096055%
Subordinate Prepayment% 0.000000%
Senior% 96.903945%
Group 3- 7/1 ARM
CPR 0.291663%
Subordinate% 2.863017%
Subordinate Prepayment% 0.000000%
Senior% 97.136983%