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-E Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-33 54-2154030
Pooling and Servicing Agreement) (Commission 54-2154031
(State or other File Number) 54-2154032
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
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2004-E
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-E 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-E 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-E 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-E
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 05949AGR5 SEQ 3.54103% 268,451,320.23 792,161.44 10,833,171.18
1AR 05949AGS3 SEQ 3.55849% 0.00 0.00 0.00
1AMR 05949AGT1 SEQ 3.55849% 0.00 0.00 0.00
1ALR 05949AGU8 SEQ 3.55849% 0.00 0.00 0.00
2A1 05949AGV6 SEQ 2.10000% 37,513,390.02 65,648.43 2,910,224.98
2A2 05949AGW4 SEQ 3.98500% 55,000,000.00 182,645.83 0.00
2A3 05949AGX2 SEQ 4.13083% 90,596,000.00 311,863.95 0.00
2A4 05949AGY0 SEQ 4.13083% 69,779,000.00 240,204.37 0.00
2A5 05949AGZ7 SEQ 4.13083% 69,981,000.00 240,899.72 0.00
2A6 05949AHA1 SEQ 4.13083% 188,822,000.00 649,993.11 0.00
2A7 05949AHB9 SEQ 4.13083% 124,716,220.07 429,318.00 1,700,970.68
2A8 05949AHC7 SEQ 4.13083% 193,220,679.93 665,134.94 2,635,284.42
2A9 05949AHD5 SEQ 3.71200% 63,631,879.41 196,834.61 4,936,452.96
2A10 05949AHE3 SEQ 4.13083% 2,743,733.66 9,444.92 37,421.04
2AIO 05949AHF0 IO 0.70995% 0.00 92,379.19 0.00
3A1 05949AHG8 SEQ 4.24533% 212,514,825.26 751,829.74 1,879,655.90
4A1 05949AHH6 SEQ 4.64043% 61,468,112.95 237,699.01 94,242.20
B1 05949AHJ2 SUB 4.05325% 21,691,973.06 73,269.13 15,616.30
B2 05949AHK9 SUB 4.05325% 7,746,848.52 26,166.59 5,577.04
B3 05949AHL7 SUB 4.05325% 4,647,710.51 15,698.61 3,345.94
B4 05949AHN3 SUB 4.05325% 4,647,710.51 15,698.61 3,345.94
B5 05949AHP8 SUB 4.05325% 2,323,855.25 7,849.30 1,672.97
B6 05949AHQ6 SUB 4.05325% 2,324,839.80 7,852.63 1,673.68
SES 05949AHM5 SEQ 0.00000% 0.00 282,210.85 0.00
Totals 1,481,821,099.18 5,294,802.98 25,058,655.23
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 257,618,149.05 11,625,332.62 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 34,603,165.04 2,975,873.41 0.00
2A2 0.00 55,000,000.00 182,645.83 0.00
2A3 0.00 90,596,000.00 311,863.95 0.00
2A4 0.00 69,779,000.00 240,204.37 0.00
2A5 0.00 69,981,000.00 240,899.72 0.00
2A6 0.00 188,822,000.00 649,993.11 0.00
2A7 0.00 123,015,249.39 2,130,288.68 0.00
2A8 0.00 190,585,395.51 3,300,419.36 0.00
2A9 0.00 58,695,426.45 5,133,287.57 0.00
2A10 0.00 2,706,312.62 46,865.96 0.00
2AIO 0.00 0.00 92,379.19 0.00
3A1 0.00 210,635,169.36 2,631,485.64 0.00
4A1 0.00 61,373,870.75 331,941.21 0.00
B1 0.00 21,676,356.77 88,885.43 0.00
B2 0.00 7,741,271.48 31,743.63 0.00
B3 0.00 4,644,364.57 19,044.55 0.00
B4 0.00 4,644,364.57 19,044.55 0.00
B5 0.00 2,322,182.29 9,522.27 0.00
B6 0.00 2,323,166.13 9,526.31 0.00
SES 0.00 0.00 282,210.85 0.00
Totals 0.00 1,456,762,443.98 30,353,458.21 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 297,871,000.00 268,451,320.23 417,417.72 10,415,753.46 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 45,000,000.00 37,513,390.02 124,714.11 2,785,510.88 0.00 0.00
2A2 55,000,000.00 55,000,000.00 0.00 0.00 0.00 0.00
2A3 90,596,000.00 90,596,000.00 0.00 0.00 0.00 0.00
2A4 69,779,000.00 69,779,000.00 0.00 0.00 0.00 0.00
2A5 69,981,000.00 69,981,000.00 0.00 0.00 0.00 0.00
2A6 188,822,000.00 188,822,000.00 0.00 0.00 0.00 0.00
2A7 129,092,000.00 124,716,220.07 72,893.00 1,628,077.68 0.00 0.00
2A8 200,000,000.00 193,220,679.93 112,931.87 2,522,352.55 0.00 0.00
2A9 76,331,000.00 63,631,879.41 211,545.61 4,724,907.35 0.00 0.00
2A10 2,840,000.00 2,743,733.66 1,603.63 35,817.41 0.00 0.00
2AIO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 222,629,000.00 212,514,825.26 2,549.16 1,877,106.74 0.00 0.00
4A1 63,254,000.00 61,468,112.95 79,433.13 14,809.07 0.00 0.00
B1 21,768,000.00 21,691,973.06 15,616.30 0.00 0.00 0.00
B2 7,774,000.00 7,746,848.52 5,577.04 0.00 0.00 0.00
B3 4,664,000.00 4,647,710.51 3,345.94 0.00 0.00 0.00
B4 4,664,000.00 4,647,710.51 3,345.94 0.00 0.00 0.00
B5 2,332,000.00 2,323,855.25 1,672.97 0.00 0.00 0.00
B6 2,332,988.00 2,324,839.80 1,673.68 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,554,730,088.00 1,481,821,099.18 1,054,320.10 24,004,335.14 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 10,833,171.18 257,618,149.05 0.86486482 10,833,171.18
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 2,910,224.98 34,603,165.04 0.76895922 2,910,224.98
2A2 0.00 55,000,000.00 1.00000000 0.00
2A3 0.00 90,596,000.00 1.00000000 0.00
2A4 0.00 69,779,000.00 1.00000000 0.00
2A5 0.00 69,981,000.00 1.00000000 0.00
2A6 0.00 188,822,000.00 1.00000000 0.00
2A7 1,700,970.68 123,015,249.39 0.95292698 1,700,970.68
2A8 2,635,284.42 190,585,395.51 0.95292698 2,635,284.42
2A9 4,936,452.96 58,695,426.45 0.76895922 4,936,452.96
2A10 37,421.04 2,706,312.62 0.95292698 37,421.04
2AIO 0.00 0.00 0.00000000 0.00
3A1 1,879,655.90 210,635,169.36 0.94612638 1,879,655.90
4A1 94,242.20 61,373,870.75 0.97027652 94,242.20
B1 15,616.30 21,676,356.77 0.99579000 15,616.30
B2 5,577.04 7,741,271.48 0.99579000 5,577.04
B3 3,345.94 4,644,364.57 0.99579000 3,345.94
B4 3,345.94 4,644,364.57 0.99579000 3,345.94
B5 1,672.97 2,322,182.29 0.99579000 1,672.97
B6 1,673.68 2,323,166.13 0.99579000 1,673.68
SES 0.00 0.00 0.00000000 0.00
Totals 25,058,655.23 1,456,762,443.98 0.93698736 25,058,655.23
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 297,871,000.00 901.23348775 1.40133722 34.96732968 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 45,000,000.00 833.63088933 2.77142467 61.90024178 0.00000000
2A2 55,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A3 90,596,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 69,779,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 69,981,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A6 188,822,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A7 129,092,000.00 966.10339967 0.56465931 12.61176277 0.00000000
2A8 200,000,000.00 966.10339965 0.56465935 12.61176275 0.00000000
2A9 76,331,000.00 833.63088928 2.77142459 61.90024171 0.00000000
2A10 2,840,000.00 966.10340141 0.56465845 12.61176408 0.00000000
2AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 222,629,000.00 954.56937443 0.01145026 8.43154638 0.00000000
4A1 63,254,000.00 971.76641714 1.25578035 0.23412069 0.00000000
B1 21,768,000.00 996.50739893 0.71739710 0.00000000 0.00000000
B2 7,774,000.00 996.50739902 0.71739645 0.00000000 0.00000000
B3 4,664,000.00 996.50739923 0.71739708 0.00000000 0.00000000
B4 4,664,000.00 996.50739923 0.71739708 0.00000000 0.00000000
B5 2,332,000.00 996.50739708 0.71739708 0.00000000 0.00000000
B6 2,332,988.00 996.50739738 0.71739760 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 36.36866691 864.86482085 0.86486482 36.36866691
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 64.67166622 768.95922311 0.76895922 64.67166622
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 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A7 0.00000000 13.17642209 952.92697758 0.95292698 13.17642209
2A8 0.00000000 13.17642210 952.92697755 0.95292698 13.17642210
2A9 0.00000000 64.67166630 768.95922299 0.76895922 64.67166630
2A10 0.00000000 13.17642254 952.92697887 0.95292698 13.17642254
2AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 8.44299664 946.12637779 0.94612638 8.44299664
4A1 0.00000000 1.48990103 970.27651611 0.97027652 1.48990103
B1 0.00000000 0.71739710 995.79000230 0.99579000 0.71739710
B2 0.00000000 0.71739645 995.79000257 0.99579000 0.71739645
B3 0.00000000 0.71739708 995.79000214 0.99579000 0.71739708
B4 0.00000000 0.71739708 995.79000214 0.99579000 0.71739708
B5 0.00000000 0.71739708 995.79000429 0.99579000 0.71739708
B6 0.00000000 0.71739760 995.79000406 0.99579000 0.71739760
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 297,871,000.00 3.54103% 268,451,320.23 792,161.44 0.00 0.00
1AR 50.00 3.55849% 0.00 0.00 0.00 0.00
1AMR 25.00 3.55849% 0.00 0.00 0.00 0.00
1ALR 25.00 3.55849% 0.00 0.00 0.00 0.00
2A1 45,000,000.00 2.10000% 37,513,390.02 65,648.43 0.00 0.00
2A2 55,000,000.00 3.98500% 55,000,000.00 182,645.83 0.00 0.00
2A3 90,596,000.00 4.13083% 90,596,000.00 311,863.96 0.00 0.00
2A4 69,779,000.00 4.13083% 69,779,000.00 240,204.37 0.00 0.00
2A5 69,981,000.00 4.13083% 69,981,000.00 240,899.72 0.00 0.00
2A6 188,822,000.00 4.13083% 188,822,000.00 649,993.11 0.00 0.00
2A7 129,092,000.00 4.13083% 124,716,220.07 429,318.00 0.00 0.00
2A8 200,000,000.00 4.13083% 193,220,679.93 665,134.94 0.00 0.00
2A9 76,331,000.00 3.71200% 63,631,879.41 196,834.61 0.00 0.00
2A10 2,840,000.00 4.13083% 2,743,733.66 9,444.92 0.00 0.00
2AIO 0.00 0.70995% 156,145,269.43 92,379.19 0.00 0.00
3A1 222,629,000.00 4.24533% 212,514,825.26 751,829.74 0.00 0.00
4A1 63,254,000.00 4.64043% 61,468,112.95 237,699.01 0.00 0.00
B1 21,768,000.00 4.05325% 21,691,973.06 73,269.13 0.00 0.00
B2 7,774,000.00 4.05325% 7,746,848.52 26,166.59 0.00 0.00
B3 4,664,000.00 4.05325% 4,647,710.51 15,698.61 0.00 0.00
B4 4,664,000.00 4.05325% 4,647,710.51 15,698.61 0.00 0.00
B5 2,332,000.00 4.05325% 2,323,855.25 7,849.30 0.00 0.00
B6 2,332,988.00 4.05325% 2,324,839.80 7,852.63 0.00 0.00
SES 0.00 0.00000% 1,481,821,099.52 0.00 0.00 0.00
Totals 1,554,730,088.00 5,012,592.14 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 0.00 0.00 792,161.44 0.00 257,618,149.05
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 0.00 0.00 65,648.43 0.00 34,603,165.04
2A2 0.00 0.00 182,645.83 0.00 55,000,000.00
2A3 0.00 0.00 311,863.95 0.00 90,596,000.00
2A4 0.00 0.00 240,204.37 0.00 69,779,000.00
2A5 0.00 0.00 240,899.72 0.00 69,981,000.00
2A6 0.00 0.00 649,993.11 0.00 188,822,000.00
2A7 0.00 0.00 429,318.00 0.00 123,015,249.39
2A8 0.00 0.00 665,134.94 0.00 190,585,395.51
2A9 0.00 0.00 196,834.61 0.00 58,695,426.45
2A10 0.00 0.00 9,444.92 0.00 2,706,312.62
2AIO 0.00 0.00 92,379.19 0.00 148,298,591.49
3A1 0.00 0.00 751,829.74 0.00 210,635,169.36
4A1 0.00 0.00 237,699.01 0.00 61,373,870.75
B1 0.00 0.00 73,269.13 0.00 21,676,356.77
B2 0.00 0.00 26,166.59 0.00 7,741,271.48
B3 0.00 0.00 15,698.61 0.00 4,644,364.57
B4 0.00 0.00 15,698.61 0.00 4,644,364.57
B5 0.00 0.00 7,849.30 0.00 2,322,182.29
B6 0.00 0.00 7,852.63 0.00 2,323,166.13
SES 0.00 0.00 282,210.85 0.00 1,456,762,444.28
Totals 0.00 0.00 5,294,802.98 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 297,871,000.00 3.54103% 901.23348775 2.65941109 0.00000000 0.00000000
1AR 50.00 3.55849% 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 3.55849% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 3.55849% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 45,000,000.00 2.10000% 833.63088933 1.45885400 0.00000000 0.00000000
2A2 55,000,000.00 3.98500% 1000.00000000 3.32083327 0.00000000 0.00000000
2A3 90,596,000.00 4.13083% 1000.00000000 3.44235904 0.00000000 0.00000000
2A4 69,779,000.00 4.13083% 1000.00000000 3.44235902 0.00000000 0.00000000
2A5 69,981,000.00 4.13083% 1000.00000000 3.44235893 0.00000000 0.00000000
2A6 188,822,000.00 4.13083% 1000.00000000 3.44235899 0.00000000 0.00000000
2A7 129,092,000.00 4.13083% 966.10339967 3.32567471 0.00000000 0.00000000
2A8 200,000,000.00 4.13083% 966.10339965 3.32567470 0.00000000 0.00000000
2A9 76,331,000.00 3.71200% 833.63088928 2.57869817 0.00000000 0.00000000
2A10 2,840,000.00 4.13083% 966.10340141 3.32567606 0.00000000 0.00000000
2AIO 0.00 0.70995% 885.52364264 0.52389648 0.00000000 0.00000000
3A1 222,629,000.00 4.24533% 954.56937443 3.37705214 0.00000000 0.00000000
4A1 63,254,000.00 4.64043% 971.76641714 3.75784946 0.00000000 0.00000000
B1 21,768,000.00 4.05325% 996.50739893 3.36591005 0.00000000 0.00000000
B2 7,774,000.00 4.05325% 996.50739902 3.36591073 0.00000000 0.00000000
B3 4,664,000.00 4.05325% 996.50739923 3.36591123 0.00000000 0.00000000
B4 4,664,000.00 4.05325% 996.50739923 3.36591123 0.00000000 0.00000000
B5 2,332,000.00 4.05325% 996.50739708 3.36590909 0.00000000 0.00000000
B6 2,332,988.00 4.05325% 996.50739738 3.36591101 0.00000000 0.00000000
SES 0.00 0.00000% 953.10505061 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 0.00000000 0.00000000 2.65941109 0.00000000 864.86482085
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 0.00000000 1.45885400 0.00000000 768.95922311
2A2 0.00000000 0.00000000 3.32083327 0.00000000 1000.00000000
2A3 0.00000000 0.00000000 3.44235893 0.00000000 1000.00000000
2A4 0.00000000 0.00000000 3.44235902 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 3.44235893 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 3.44235899 0.00000000 1000.00000000
2A7 0.00000000 0.00000000 3.32567471 0.00000000 952.92697758
2A8 0.00000000 0.00000000 3.32567470 0.00000000 952.92697755
2A9 0.00000000 0.00000000 2.57869817 0.00000000 768.95922299
2A10 0.00000000 0.00000000 3.32567606 0.00000000 952.92697887
2AIO 0.00000000 0.00000000 0.52389648 0.00000000 841.02393504
3A1 0.00000000 0.00000000 3.37705214 0.00000000 946.12637779
4A1 0.00000000 0.00000000 3.75784946 0.00000000 970.27651611
B1 0.00000000 0.00000000 3.36591005 0.00000000 995.79000230
B2 0.00000000 0.00000000 3.36591073 0.00000000 995.79000257
B3 0.00000000 0.00000000 3.36591123 0.00000000 995.79000214
B4 0.00000000 0.00000000 3.36591123 0.00000000 995.79000214
B5 0.00000000 0.00000000 3.36590909 0.00000000 995.79000429
B6 0.00000000 0.00000000 3.36591101 0.00000000 995.79000406
SES 0.00000000 0.00000000 0.18151758 0.00000000 936.98736213
<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>
SES_1 0.00000% 276,968,258.54 266,121,844.28 0.00 0.00 86.83944827%
SES_2 0.00000% 922,644,668.22 910,408,743.38 0.00 0.00 95.41494023%
SES_3 0.00000% 218,928,430.81 217,048,697.98 0.00 0.00 94.76338302%
SES_4 0.00000% 63,279,741.95 63,183,158.64 0.00 0.00 97.08961746%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 30,417,670.46
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 30,417,670.46
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 64,212.25
Payment of Interest and Principal 30,353,458.21
Total Withdrawals (Pool Distribution Amount) 30,417,670.46
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 61,742.55
Trustee Fee - Wells Fargo Bank, N.A. 2,469.70
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 64,212.25
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 13 0 0 0 13
4,668,030.80 0.00 0.00 0.00 4,668,030.80
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 2 0 0 0 2
738,014.24 0.00 0.00 0.00 738,014.24
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 15 0 0 0 15
5,406,045.04 0.00 0.00 0.00 5,406,045.04
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 0.392987% 0.000000% 0.000000% 0.000000% 0.392987%
0.320250% 0.000000% 0.000000% 0.000000% 0.320250%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.060459% 0.000000% 0.000000% 0.000000% 0.060459%
0.050631% 0.000000% 0.000000% 0.000000% 0.050631%
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 0.453446% 0.000000% 0.000000% 0.000000% 0.453446%
0.370881% 0.000000% 0.000000% 0.000000% 0.370881%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
875,461.04 0.00 0.00 0.00 875,461.04
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
875,461.04 0.00 0.00 0.00 875,461.04
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.398406% 0.000000% 0.000000% 0.000000% 0.398406%
0.328544% 0.000000% 0.000000% 0.000000% 0.328544%
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 0.398406% 0.000000% 0.000000% 0.000000% 0.398406%
0.328544% 0.000000% 0.000000% 0.000000% 0.328544%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 3 0 0 0 3
1,256,298.63 0.00 0.00 0.00 1,256,298.63
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 2 0 0 0 2
738,014.24 0.00 0.00 0.00 738,014.24
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 0 0 0 5
1,994,312.87 0.00 0.00 0.00 1,994,312.87
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.179641% 0.000000% 0.000000% 0.000000% 0.179641%
0.137925% 0.000000% 0.000000% 0.000000% 0.137925%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.119760% 0.000000% 0.000000% 0.000000% 0.119760%
0.081024% 0.000000% 0.000000% 0.000000% 0.081024%
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 0.299401% 0.000000% 0.000000% 0.000000% 0.299401%
0.218949% 0.000000% 0.000000% 0.000000% 0.218949%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 7 0 0 0 7
1,542,329.17 0.00 0.00 0.00 1,542,329.17
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 7 0 0 0 7
1,542,329.17 0.00 0.00 0.00 1,542,329.17
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.688299% 0.000000% 0.000000% 0.000000% 0.688299%
0.710588% 0.000000% 0.000000% 0.000000% 0.710588%
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 0.688299% 0.000000% 0.000000% 0.000000% 0.688299%
0.710588% 0.000000% 0.000000% 0.000000% 0.710588%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 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
993,941.96 0.00 0.00 0.00 993,941.96
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 1 0 0 0 1
993,941.96 0.00 0.00 0.00 993,941.96
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.840336% 0.000000% 0.000000% 0.000000% 0.840336%
1.571512% 0.000000% 0.000000% 0.000000% 1.571512%
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 0.840336% 0.000000% 0.000000% 0.000000% 0.840336%
1.571512% 0.000000% 0.000000% 0.000000% 1.571512%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 23,969.12
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.334633%
Weighted Average Net Coupon 4.061269%
Weighted Average Pass-Through Rate 4.059268%
Weighted Average Maturity(Stepdown Calculation ) 352
Beginning Scheduled Collateral Loan Count 3,358
Number Of Loans Paid In Full 50
Ending Scheduled Collateral Loan Count 3,308
Beginning Scheduled Collateral Balance 1,481,821,099.52
Ending Scheduled Collateral Balance 1,456,762,444.28
Ending Actual Collateral Balance at 31-Oct-2004 1,457,622,363.12
Monthly P &I Constant 6,406,945.55
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 1,456,762,444.28
Scheduled Principal 1,054,320.11
Unscheduled Principal 24,004,335.13
Miscellaneous Reporting
Total senior percentage 97.072323%
Aggregate subordinate percentage 2.927677%
Group Level Collateral Statement
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 5 Year LIBOR Arm
Weighted Average Coupon Rate 3.918028 4.382831 4.497331
Weighted Average Net Rate 3.543028 4.130830 4.245328
Weighted Average Maturity 353 352 353
Beginning Loan Count 521 1,691 1,027
Loans Paid In Full 19 21 10
Ending Loan Count 502 1,670 1,017
Beginning Scheduled Balance 276,968,258.54 922,644,668.22 218,928,430.81
Ending scheduled Balance 266,121,844.28 910,408,743.38 217,048,697.98
Record Date 10/31/2004 10/31/2004 10/31/2004
Principal And Interest Constant 1,334,968.70 3,909,088.53 823,120.70
Scheduled Principal 430,660.80 539,258.98 2,626.09
Unscheduled Principal 10,415,753.46 11,696,665.86 1,877,106.74
Scheduled Interest 904,307.90 3,369,829.55 820,494.61
Servicing Fees 57,701.72 192,217.64 45,610.10
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 461.61 1,537.74 364.88
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 28,850.87 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 817,293.70 3,176,074.17 774,519.63
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 3.541028 4.132830 4.247329
Group Level Collateral Statement
Group 4 Total
Collateral Description 7 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 4.892436 4.334633
Weighted Average Net Rate 4.642436 4.061269
Weighted Average Maturity 352 352
Beginning Loan Count 119 3,358
Loans Paid In Full 0 50
Ending Loan Count 119 3,308
Beginning Scheduled Balance 63,279,741.95 1,481,821,099.52
Ending scheduled Balance 63,183,158.64 1,456,762,444.28
Record Date 10/31/2004 10/31/2004
Principal And Interest Constant 339,767.62 6,406,945.55
Scheduled Principal 81,774.24 1,054,320.11
Unscheduled Principal 14,809.07 24,004,335.13
Scheduled Interest 257,993.38 5,352,625.44
Servicing Fees 13,183.28 308,712.74
Master Servicing Fees 0.00 0.00
Trustee Fee 105.47 2,469.70
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 28,850.87
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 244,704.63 5,012,592.13
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 4.640435 4.059268
Miscellaneous Reporting
Group 1
CPR 36.916459%
Subordinate percentage 3.075059%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 96.924941%
Group 2
CPR 14.203375%
Subordinate percentage 2.887435%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.112565%
Group 3
CPR 9.817398%
Subordinate percentage 2.929544%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.070456%
Miscellaneous Reporting
Group 4
CPR 0.280832%
Subordinate percentage 2.862889%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.137111%