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-I Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-44 54-2161174
Pooling and Servicing Agreement) (Commission 54-2161175
(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-I
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-I 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-I 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-I 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-I
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 05949ARP7 SEN 3.53059% 57,417,371.31 168,930.85 1,645,294.51
1A2 05949ARQ5 SEN 4.18559% 21,839,249.11 76,175.06 625,803.58
1AR 05949ARR3 SEN 3.74563% 0.00 0.00 0.00
1ALR 05949ARS1 SEN 3.74563% 0.00 0.52 0.00
2A1 05949ART9 SEN 4.16669% 14,860,591.39 51,599.53 369,585.28
2A2 05949ARU6 SEN 4.75069% 368,393,069.77 1,458,433.42 9,161,994.54
2A3 05949ARV4 SEN 4.75069% 13,164,502.56 52,117.02 327,403.28
3A1 05949ARW2 SEN 4.72798% 28,622,851.03 112,773.46 471,763.20
3A2 05949ARX0 SEN 5.00798% 28,622,851.03 119,452.12 471,763.20
B1 05949ARY8 SUB 4.59285% 10,305,747.08 39,443.95 5,316.91
B2 05949ARZ5 SUB 4.59285% 3,342,296.40 12,792.22 1,724.35
B3 05949ASA9 SUB 4.59285% 1,949,006.58 7,459.58 1,005.53
B4 05949ASB7 SUB 4.59285% 1,393,289.83 5,332.64 718.82
B5 05949ASC5 SUB 4.59285% 835,574.10 3,198.05 431.09
B6 05949ASD3 SUB 4.59285% 1,392,662.15 5,330.24 718.50
1IO 05949ASE1 SEN 0.80251% 0.00 54,910.34 0.00
2IO 05949ASF8 SEN 0.36589% 0.00 125,230.39 0.00
3IO 05949ASG6 SEN 0.48700% 0.00 24,074.06 0.00
Totals 552,139,062.34 2,317,253.45 13,083,522.79
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 55,772,076.80 1,814,225.36 0.00
1A2 0.00 21,213,445.53 701,978.64 0.00
1AR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.52 0.00
2A1 0.00 14,491,006.10 421,184.81 0.00
2A2 0.00 359,231,075.22 10,620,427.96 0.00
2A3 0.00 12,837,099.27 379,520.30 0.00
3A1 0.00 28,151,087.83 584,536.66 0.00
3A2 0.00 28,151,087.83 591,215.32 0.00
B1 0.00 10,300,430.17 44,760.86 0.00
B2 0.00 3,340,572.06 14,516.57 0.00
B3 0.00 1,948,001.05 8,465.11 0.00
B4 0.00 1,392,571.01 6,051.46 0.00
B5 0.00 835,143.01 3,629.14 0.00
B6 0.00 1,391,943.65 6,048.74 0.00
1IO 0.00 0.00 54,910.34 0.00
2IO 0.00 0.00 125,230.39 0.00
3IO 0.00 0.00 24,074.06 0.00
Totals 0.00 539,055,539.53 15,400,776.24 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 57,840,000.00 57,417,371.31 52,240.15 1,593,054.35 0.00 0.00
1A2 22,000,000.00 21,839,249.11 19,870.04 605,933.54 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1ALR 50.00 0.00 0.00 0.00 0.00 0.00
2A1 15,000,000.00 14,860,591.39 5,390.10 364,195.18 0.00 0.00
2A2 371,849,000.00 368,393,069.77 133,620.31 9,028,374.24 0.00 0.00
2A3 13,288,000.00 13,164,502.56 4,774.91 322,628.37 0.00 0.00
3A1 29,042,000.00 28,622,851.03 29,487.44 442,275.76 0.00 0.00
3A2 29,042,000.00 28,622,851.03 29,487.44 442,275.76 0.00 0.00
B1 10,311,000.00 10,305,747.08 5,316.91 0.00 0.00 0.00
B2 3,344,000.00 3,342,296.40 1,724.35 0.00 0.00 0.00
B3 1,950,000.00 1,949,006.58 1,005.53 0.00 0.00 0.00
B4 1,394,000.00 1,393,289.83 718.82 0.00 0.00 0.00
B5 836,000.00 835,574.10 431.09 0.00 0.00 0.00
B6 1,393,372.00 1,392,662.15 718.50 0.00 0.00 0.00
1IO 0.00 0.00 0.00 0.00 0.00 0.00
2IO 0.00 0.00 0.00 0.00 0.00 0.00
3IO 0.00 0.00 0.00 0.00 0.00 0.00
Totals 557,289,472.00 552,139,062.34 284,785.59 12,798,737.20 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 1,645,294.51 55,772,076.80 0.96424752 1,645,294.51
1A2 625,803.58 21,213,445.53 0.96424752 625,803.58
1AR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 369,585.28 14,491,006.10 0.96606707 369,585.28
2A2 9,161,994.54 359,231,075.22 0.96606707 9,161,994.54
2A3 327,403.28 12,837,099.27 0.96606707 327,403.28
3A1 471,763.20 28,151,087.83 0.96932332 471,763.20
3A2 471,763.20 28,151,087.83 0.96932332 471,763.20
B1 5,316.91 10,300,430.17 0.99897490 5,316.91
B2 1,724.35 3,340,572.06 0.99897490 1,724.35
B3 1,005.53 1,948,001.05 0.99897490 1,005.53
B4 718.82 1,392,571.01 0.99897490 718.82
B5 431.09 835,143.01 0.99897489 431.09
B6 718.50 1,391,943.65 0.99897490 718.50
1IO 0.00 0.00 0.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
3IO 0.00 0.00 0.00000000 0.00
Totals 13,083,522.79 539,055,539.53 0.96728104 13,083,522.79
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 57,840,000.00 992.69314160 0.90318378 27.54243344 0.00000000
1A2 22,000,000.00 992.69314136 0.90318364 27.54243364 0.00000000
1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 15,000,000.00 990.70609267 0.35934000 24.27967867 0.00000000
2A2 371,849,000.00 990.70609245 0.35934024 24.27967869 0.00000000
2A3 13,288,000.00 990.70609272 0.35934001 24.27967866 0.00000000
3A1 29,042,000.00 985.56748950 1.01533779 15.22883273 0.00000000
3A2 29,042,000.00 985.56748950 1.01533779 15.22883273 0.00000000
B1 10,311,000.00 999.49055184 0.51565416 0.00000000 0.00000000
B2 3,344,000.00 999.49055024 0.51565490 0.00000000 0.00000000
B3 1,950,000.00 999.49055385 0.51565641 0.00000000 0.00000000
B4 1,394,000.00 999.49055237 0.51565280 0.00000000 0.00000000
B5 836,000.00 999.49055024 0.51565789 0.00000000 0.00000000
B6 1,393,372.00 999.49055242 0.51565555 0.00000000 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3IO 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 28.44561739 964.24752420 0.96424752 28.44561739
1A2 0.00000000 28.44561727 964.24752409 0.96424752 28.44561727
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 24.63901867 966.06707333 0.96606707 24.63901867
2A2 0.00000000 24.63901890 966.06707352 0.96606707 24.63901890
2A3 0.00000000 24.63901866 966.06707330 0.96606707 24.63901866
3A1 0.00000000 16.24417051 969.32331899 0.96932332 16.24417051
3A2 0.00000000 16.24417051 969.32331899 0.96932332 16.24417051
B1 0.00000000 0.51565416 998.97489768 0.99897490 0.51565416
B2 0.00000000 0.51565490 998.97489833 0.99897490 0.51565490
B3 0.00000000 0.51565641 998.97489744 0.99897490 0.51565641
B4 0.00000000 0.51565280 998.97489957 0.99897490 0.51565280
B5 0.00000000 0.51565789 998.97489234 0.99897489 0.51565789
B6 0.00000000 0.51565555 998.97489687 0.99897490 0.51565555
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3IO 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 57,840,000.00 3.53059% 57,417,371.31 168,930.85 0.00 0.00
1A2 22,000,000.00 4.18559% 21,839,249.11 76,175.06 0.00 0.00
1AR 50.00 3.74563% 0.00 0.00 0.00 0.00
1ALR 50.00 3.74563% 0.00 0.00 0.00 0.00
2A1 15,000,000.00 4.16669% 14,860,591.39 51,599.53 0.00 0.00
2A2 371,849,000.00 4.75069% 368,393,069.77 1,458,433.42 0.00 0.00
2A3 13,288,000.00 4.75069% 13,164,502.56 52,117.02 0.00 0.00
3A1 29,042,000.00 4.72798% 28,622,851.03 112,773.46 0.00 0.00
3A2 29,042,000.00 5.00798% 28,622,851.03 119,452.12 0.00 0.00
B1 10,311,000.00 4.59285% 10,305,747.08 39,443.95 0.00 0.00
B2 3,344,000.00 4.59285% 3,342,296.40 12,792.22 0.00 0.00
B3 1,950,000.00 4.59285% 1,949,006.58 7,459.58 0.00 0.00
B4 1,394,000.00 4.59285% 1,393,289.83 5,332.64 0.00 0.00
B5 836,000.00 4.59285% 835,574.10 3,198.05 0.00 0.00
B6 1,393,372.00 4.59285% 1,392,662.15 5,330.24 0.00 0.00
1IO 0.00 0.80251% 82,107,479.77 54,910.34 0.00 0.00
2IO 0.00 0.36589% 410,711,512.73 125,230.39 0.00 0.00
3IO 0.00 0.48700% 59,320,070.16 24,074.06 0.00 0.00
Totals 557,289,472.00 2,317,252.93 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 0.00 168,930.85 0.00 55,772,076.80
1A2 0.00 0.00 76,175.06 0.00 21,213,445.53
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.52 0.00 0.00
2A1 0.00 0.00 51,599.53 0.00 14,491,006.10
2A2 0.00 0.00 1,458,433.42 0.00 359,231,075.22
2A3 0.00 0.00 52,117.02 0.00 12,837,099.27
3A1 0.00 0.00 112,773.46 0.00 28,151,087.83
3A2 0.00 0.00 119,452.12 0.00 28,151,087.83
B1 0.00 0.00 39,443.95 0.00 10,300,430.17
B2 0.00 0.00 12,792.22 0.00 3,340,572.06
B3 0.00 0.00 7,459.58 0.00 1,948,001.05
B4 0.00 0.00 5,332.64 0.00 1,392,571.01
B5 0.00 0.00 3,198.05 0.00 835,143.01
B6 0.00 0.00 5,330.24 0.00 1,391,943.65
1IO 0.00 0.00 54,910.34 0.00 79,833,787.88
2IO 0.00 0.00 125,230.39 0.00 400,847,345.26
3IO 0.00 0.00 24,074.06 0.00 58,374,406.74
Totals 0.00 0.00 2,317,253.45 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 57,840,000.00 3.53059% 992.69314160 2.92065785 0.00000000 0.00000000
1A2 22,000,000.00 4.18559% 992.69314136 3.46250273 0.00000000 0.00000000
1AR 50.00 3.74563% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 3.74563% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 15,000,000.00 4.16669% 990.70609267 3.43996867 0.00000000 0.00000000
2A2 371,849,000.00 4.75069% 990.70609245 3.92211199 0.00000000 0.00000000
2A3 13,288,000.00 4.75069% 990.70609272 3.92211168 0.00000000 0.00000000
3A1 29,042,000.00 4.72798% 985.56748950 3.88311618 0.00000000 0.00000000
3A2 29,042,000.00 5.00798% 985.56748950 4.11308174 0.00000000 0.00000000
B1 10,311,000.00 4.59285% 999.49055184 3.82542430 0.00000000 0.00000000
B2 3,344,000.00 4.59285% 999.49055024 3.82542464 0.00000000 0.00000000
B3 1,950,000.00 4.59285% 999.49055385 3.82542564 0.00000000 0.00000000
B4 1,394,000.00 4.59285% 999.49055237 3.82542324 0.00000000 0.00000000
B5 836,000.00 4.59285% 999.49055024 3.82541866 0.00000000 0.00000000
B6 1,393,372.00 4.59285% 999.49055242 3.82542494 0.00000000 0.00000000
1IO 0.00 0.80251% 992.91304573 0.66402224 0.00000000 0.00000000
2IO 0.00 0.36589% 991.01442878 0.30217104 0.00000000 0.00000000
3IO 0.00 0.48700% 986.03030354 0.40016393 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 2.92065785 0.00000000 964.24752420
1A2 0.00000000 0.00000000 3.46250273 0.00000000 964.24752409
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 10.40000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.43996867 0.00000000 966.06707333
2A2 0.00000000 0.00000000 3.92211199 0.00000000 966.06707352
2A3 0.00000000 0.00000000 3.92211168 0.00000000 966.06707330
3A1 0.00000000 0.00000000 3.88311618 0.00000000 969.32331899
3A2 0.00000000 0.00000000 4.11308174 0.00000000 969.32331899
B1 0.00000000 0.00000000 3.82542430 0.00000000 998.97489768
B2 0.00000000 0.00000000 3.82542464 0.00000000 998.97489833
B3 0.00000000 0.00000000 3.82542564 0.00000000 998.97489744
B4 0.00000000 0.00000000 3.82542324 0.00000000 998.97489957
B5 0.00000000 0.00000000 3.82541866 0.00000000 998.97489234
B6 0.00000000 0.00000000 3.82542494 0.00000000 998.97489687
1IO 0.00000000 0.00000000 0.66402224 0.00000000 965.41764159
2IO 0.00000000 0.00000000 0.30217104 0.00000000 967.21297207
3IO 0.00000000 0.00000000 0.40016393 0.00000000 970.31129332
<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 ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 15,526,428.60
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 15,526,428.60
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 125,652.36
Payment of Interest and Principal 15,400,776.24
Total Withdrawals (Pool Distribution Amount) 15,526,428.60
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 123,581.84
Trustee Fee - Wells Fargo Bank, N.A. 2,070.52
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 125,652.36
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 11 0 0 0 11
5,864,583.14 0.00 0.00 0.00 5,864,583.14
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 11 0 0 0 11
5,864,583.14 0.00 0.00 0.00 5,864,583.14
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 1.064860% 0.000000% 0.000000% 0.000000% 1.064860%
1.087482% 0.000000% 0.000000% 0.000000% 1.087482%
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 1.064860% 0.000000% 0.000000% 0.000000% 1.064860%
1.087482% 0.000000% 0.000000% 0.000000% 1.087482%
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 3 0 0 0 3
1,650,575.58 0.00 0.00 0.00 1,650,575.58
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 3 0 0 0 3
1,650,575.58 0.00 0.00 0.00 1,650,575.58
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.923077% 0.000000% 0.000000% 0.000000% 1.923077%
2.065978% 0.000000% 0.000000% 0.000000% 2.065978%
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 1.923077% 0.000000% 0.000000% 0.000000% 1.923077%
2.065978% 0.000000% 0.000000% 0.000000% 2.065978%
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 8 0 0 0 8
4,214,007.56 0.00 0.00 0.00 4,214,007.56
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 8 0 0 0 8
4,214,007.56 0.00 0.00 0.00 4,214,007.56
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.043025% 0.000000% 0.000000% 0.000000% 1.043025%
1.050970% 0.000000% 0.000000% 0.000000% 1.050970%
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 1.043025% 0.000000% 0.000000% 0.000000% 1.043025%
1.050970% 0.000000% 0.000000% 0.000000% 1.050970%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 26,753.53
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.309327%
Weighted Average Net Coupon 5.040738%
Weighted Average Pass-Through Rate 5.036238%
Weighted Average Maturity(Stepdown Calculation ) 357
Beginning Scheduled Collateral Loan Count 1,054
Number Of Loans Paid In Full 21
Ending Scheduled Collateral Loan Count 1,033
Beginning Scheduled Collateral Balance 552,139,062.66
Ending Scheduled Collateral Balance 539,055,539.88
Ending Actual Collateral Balance at 31-Oct-2004 539,280,781.25
Monthly P &I Constant 2,727,691.14
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 284,785.59
Unscheduled Principal 12,798,737.19
Ancilliary Fees $1,976.46
Miscellaneous Reporting
Total Senior Percentage 96.519251%
Aggregate Subordinate Percentage 3.480749%
Group Level Collateral Statement
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 4.893087 5.349188 5.609476
Weighted Average Net Rate 4.518087 5.099188 5.359476
Weighted Average Maturity 357 356 357
Beginning Loan Count 159 783 112
Loans Paid In Full 3 16 2
Ending Loan Count 156 767 110
Beginning Scheduled Balance 82,107,479.77 410,711,512.73 59,320,070.16
Ending scheduled Balance 79,833,787.88 400,847,345.26 58,374,406.74
Record Date 10/31/2004 10/31/2004 10/31/2004
Principal And Interest Constant 409,503.18 1,979,780.64 338,407.32
Scheduled Principal 74,704.00 148,969.68 61,111.91
Unscheduled Principal 2,198,987.89 9,715,197.79 884,551.51
Scheduled Interest 334,799.18 1,830,810.96 277,295.41
Servicing Fees 25,658.59 85,564.90 12,358.35
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 307.90 1,540.17 222.45
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 308,832.69 1,743,705.89 264,714.61
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 4.513587 5.094688 5.354976
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 5.309327
Weighted Average Net Rate 5.040738
Weighted Average Maturity 357
Beginning Loan Count 1,054
Loans Paid In Full 21
Ending Loan Count 1,033
Beginning Scheduled Balance 552,139,062.66
Ending scheduled Balance 539,055,539.88
Record Date 10/31/2004
Principal And Interest Constant 2,727,691.14
Scheduled Principal 284,785.59
Unscheduled Principal 12,798,737.19
Scheduled Interest 2,442,905.55
Servicing Fees 123,581.84
Master Servicing Fees 0.00
Trustee Fee 2,070.52
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,317,253.19
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 5.036238
Miscellaneous Reporting
Group 1
CPR 27.824144%
Subordinate Percentage 3.472107%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.527893%
Group 2
CPR 24.976686%
Subordinate Percentage 3.480143%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.519857%
Group 3
CPR 16.512471%
Subordinate Percentage 3.496908%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.503092%