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
ASSET BACKED FUNDING CORPORATION
Asset Backed Certificates, Series 2004-OP2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-108551-05 54-2147328
Pooling and Servicing Agreement) (Commission 54-2147329
(State or other File Number) 54-6601033
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 ASSET BACKED
FUNDING CORPORATION, Asset Backed Certificates, Series 2004-OP2 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Certificates, Series
2004-OP2 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.
ASSET BACKED FUNDING CORPORATION
Asset Backed Certificates, Series 2004-OP2 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 Asset Backed
Certificates, Series 2004-OP2 Trust, relating to the
November 26, 2004 distribution.
EX-99.1
Asset Backed Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 10/31/2004
Distribution Date: 11/26/2004
ABFC Series: 2004-OP2
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>
A1 04542BFT4 SEQ 2.22250% 225,817,697.59 446,115.39 17,643,950.85
A1A 04542BFU1 SEQ 2.32250% 25,091,092.02 51,799.16 1,960,457.48
A2 04542BFV9 SEQ 2.21250% 45,074,656.37 88,646.82 2,925,235.13
M1 04542BFW7 SUB 2.48250% 26,969,000.00 59,511.59 0.00
M2 04542BFX5 SUB 2.93250% 21,576,000.00 56,241.44 0.00
M3 04542BFY3 SUB 3.13250% 5,394,000.00 15,019.29 0.00
M4 04542BFZ0 SUB 3.48250% 6,130,000.00 18,975.75 0.00
M5 04542BGA4 SUB 3.58250% 4,168,000.00 13,272.76 0.00
M6 04542BGB2 SUB 4.88250% 6,129,000.00 26,599.86 0.00
B 04542BGC0 SUB 5.43250% 4,904,000.00 23,680.87 0.00
CE ABF4OP2CE SEQ 0.00000% 3,187,344.82 1,290,289.66 0.00
R1 ABF04OP2R1 SEQ 0.00000% 0.00 0.00 0.00
R2 ABF04OP2R2 SEQ 0.00000% 0.00 0.00 0.00
P ABF04OP2P SEQ 0.00000% 0.00 323,817.09 0.00
Totals 374,440,790.80 2,413,969.68 22,529,643.46
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A1 0.00 208,173,746.74 18,090,066.24 0.00
A1A 0.00 23,130,634.54 2,012,256.64 0.00
A2 0.00 42,149,421.24 3,013,881.95 0.00
M1 0.00 26,969,000.00 59,511.59 0.00
M2 0.00 21,576,000.00 56,241.44 0.00
M3 0.00 5,394,000.00 15,019.29 0.00
M4 0.00 6,130,000.00 18,975.75 0.00
M5 0.00 4,168,000.00 13,272.76 0.00
M6 0.00 6,129,000.00 26,599.86 0.00
B 0.00 4,904,000.00 23,680.87 0.00
CE 0.00 3,187,344.82 1,290,289.66 0.00
R1 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00
P 0.00 0.00 323,817.09 0.00
Totals 0.00 351,911,147.34 24,943,613.14 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>
A1 317,967,000.00 225,817,697.59 0.00 17,643,950.85 0.00 0.00
A1A 35,330,000.00 25,091,092.02 0.00 1,960,457.48 0.00 0.00
A2 58,606,000.00 45,074,656.37 0.00 2,925,235.13 0.00 0.00
M1 26,969,000.00 26,969,000.00 0.00 0.00 0.00 0.00
M2 21,576,000.00 21,576,000.00 0.00 0.00 0.00 0.00
M3 5,394,000.00 5,394,000.00 0.00 0.00 0.00 0.00
M4 6,130,000.00 6,130,000.00 0.00 0.00 0.00 0.00
M5 4,168,000.00 4,168,000.00 0.00 0.00 0.00 0.00
M6 6,129,000.00 6,129,000.00 0.00 0.00 0.00 0.00
B 4,904,000.00 4,904,000.00 0.00 0.00 0.00 0.00
CE 3,187,742.22 3,187,344.82 0.00 0.00 0.00 0.00
R1 0.00 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 0.00 0.00 0.00 0.00
Totals 490,360,742.22 374,440,790.80 0.00 22,529,643.46 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>
A1 17,643,950.85 208,173,746.74 0.65470236 17,643,950.85
A1A 1,960,457.48 23,130,634.54 0.65470236 1,960,457.48
A2 2,925,235.13 42,149,421.24 0.71919976 2,925,235.13
M1 0.00 26,969,000.00 1.00000000 0.00
M2 0.00 21,576,000.00 1.00000000 0.00
M3 0.00 5,394,000.00 1.00000000 0.00
M4 0.00 6,130,000.00 1.00000000 0.00
M5 0.00 4,168,000.00 1.00000000 0.00
M6 0.00 6,129,000.00 1.00000000 0.00
B 0.00 4,904,000.00 1.00000000 0.00
CE 0.00 3,187,344.82 0.99987533 0.00
R1 0.00 0.00 0.00000000 0.00
R2 0.00 0.00 0.00000000 0.00
P 0.00 0.00 0.00000000 0.00
Totals 22,529,643.46 351,911,147.34 0.71765767 22,529,643.46
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>
A1 317,967,000.00 710.19224508 0.00000000 55.48988055 0.00000000
A1A 35,330,000.00 710.19224512 0.00000000 55.48988055 0.00000000
A2 58,606,000.00 769.11333942 0.00000000 49.91357762 0.00000000
M1 26,969,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M2 21,576,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M3 5,394,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M4 6,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M5 4,168,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M6 6,129,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 4,904,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 3,187,742.22 999.87533496 0.00000000 0.00000000 0.00000000
R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes are per $1000 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>
A1 0.00000000 55.48988055 654.70236452 0.65470236 55.48988055
A1A 0.00000000 55.48988055 654.70236456 0.65470236 55.48988055
A2 0.00000000 49.91357762 719.19976180 0.71919976 49.91357762
M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.87533496 0.99987533 0.00000000
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 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>
A1 317,967,000.00 2.22250% 225,817,697.59 446,115.41 0.00 0.00
A1A 35,330,000.00 2.32250% 25,091,092.02 51,799.17 0.00 0.00
A2 58,606,000.00 2.21250% 45,074,656.37 88,646.82 0.00 0.00
M1 26,969,000.00 2.48250% 26,969,000.00 59,511.59 0.00 0.00
M2 21,576,000.00 2.93250% 21,576,000.00 56,241.44 0.00 0.00
M3 5,394,000.00 3.13250% 5,394,000.00 15,019.29 0.00 0.00
M4 6,130,000.00 3.48250% 6,130,000.00 18,975.76 0.00 0.00
M5 4,168,000.00 3.58250% 4,168,000.00 13,272.76 0.00 0.00
M6 6,129,000.00 4.88250% 6,129,000.00 26,599.86 0.00 0.00
B 4,904,000.00 5.43250% 4,904,000.00 23,680.87 0.00 0.00
CE 3,187,742.22 0.00000% 3,187,344.82 0.00 0.00 0.00
R1 0.00 0.00000% 0.00 0.00 0.00 0.00
R2 0.00 0.00000% 0.00 0.00 0.00 0.00
P 0.00 0.00000% 0.01 0.00 0.00 0.00
Totals 490,360,742.22 799,862.97 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>
A1 0.02 0.00 446,115.39 0.00 208,173,746.74
A1A 0.00 0.00 51,799.16 0.00 23,130,634.54
A2 0.00 0.00 88,646.82 0.00 42,149,421.24
M1 0.00 0.00 59,511.59 0.00 26,969,000.00
M2 0.00 0.00 56,241.44 0.00 21,576,000.00
M3 0.00 0.00 15,019.29 0.00 5,394,000.00
M4 0.00 0.00 18,975.75 0.00 6,130,000.00
M5 0.00 0.00 13,272.76 0.00 4,168,000.00
M6 0.00 0.00 26,599.86 0.00 6,129,000.00
B 0.00 0.00 23,680.87 0.00 4,904,000.00
CE 0.00 0.00 1,290,289.66 0.00 3,187,344.82
R1 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 323,817.09 0.00 0.01
Totals 0.02 0.00 2,413,969.68 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>
A1 317,967,000.00 2.22250% 710.19224508 1.40302424 0.00000000 0.00000000
A1A 35,330,000.00 2.32250% 710.19224512 1.46615256 0.00000000 0.00000000
A2 58,606,000.00 2.21250% 769.11333942 1.51258950 0.00000000 0.00000000
M1 26,969,000.00 2.48250% 1000.00000000 2.20666654 0.00000000 0.00000000
M2 21,576,000.00 2.93250% 1000.00000000 2.60666667 0.00000000 0.00000000
M3 5,394,000.00 3.13250% 1000.00000000 2.78444383 0.00000000 0.00000000
M4 6,130,000.00 3.48250% 1000.00000000 3.09555628 0.00000000 0.00000000
M5 4,168,000.00 3.58250% 1000.00000000 3.18444338 0.00000000 0.00000000
M6 6,129,000.00 4.88250% 1000.00000000 4.34000000 0.00000000 0.00000000
B 4,904,000.00 5.43250% 1000.00000000 4.82888866 0.00000000 0.00000000
CE 3,187,742.22 0.00000% 999.87533496 0.00000000 0.00000000 0.00000000
R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All classes are per $1000 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>
A1 0.00000006 0.00000000 1.40302418 0.00000000 654.70236452
A1A 0.00000000 0.00000000 1.46615228 0.00000000 654.70236456
A2 0.00000000 0.00000000 1.51258950 0.00000000 719.19976180
M1 0.00000000 0.00000000 2.20666654 0.00000000 1000.00000000
M2 0.00000000 0.00000000 2.60666667 0.00000000 1000.00000000
M3 0.00000000 0.00000000 2.78444383 0.00000000 1000.00000000
M4 0.00000000 0.00000000 3.09555465 0.00000000 1000.00000000
M5 0.00000000 0.00000000 3.18444338 0.00000000 1000.00000000
M6 0.00000000 0.00000000 4.34000000 0.00000000 1000.00000000
B 0.00000000 0.00000000 4.82888866 0.00000000 1000.00000000
CE 0.00000000 0.00000000 404.76599767 0.00000000 999.87533496
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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 24,845,152.58
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 323,817.09
Total Deposits 25,168,969.67
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 225,356.53
Payment of Interest and Principal 24,943,613.14
Total Withdrawals (Pool Distribution Amount) 25,168,969.67
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 93,567.29
Credit Risk Manager Fee 5,460.60
PMI Premium 123,832.42
Trustee Fee 2,496.22
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 225,356.53
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Account 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 6 0 0 6
630,792.62 0.00 0.00 630,792.62
30 Days 38 1 1 0 40
6,187,616.02 156,430.19 97,032.29 0.00 6,441,078.50
60 Days 10 2 3 0 15
2,216,915.17 166,348.53 405,292.83 0.00 2,788,556.53
90 Days 6 6 22 3 37
1,200,509.06 905,991.15 2,814,579.57 223,017.22 5,144,097.00
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 54 15 26 3 98
9,605,040.25 1,859,562.49 3,316,904.69 223,017.22 15,004,524.65
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 0.263736% 0.000000% 0.000000% 0.263736%
0.179177% 0.000000% 0.000000% 0.179177%
30 Days 1.670330% 0.043956% 0.043956% 0.000000% 1.758242%
1.757600% 0.044434% 0.027562% 0.000000% 1.829596%
60 Days 0.439560% 0.087912% 0.131868% 0.000000% 0.659341%
0.629717% 0.047251% 0.115124% 0.000000% 0.792093%
90 Days 0.263736% 0.263736% 0.967033% 0.131868% 1.626374%
0.341006% 0.257348% 0.799485% 0.063348% 1.461187%
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 2.373626% 0.659341% 1.142857% 0.131868% 4.307692%
2.728323% 0.528211% 0.942171% 0.063348% 4.262053%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 69,732.99
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.420695%
Weighted Average Net Coupon 7.120832%
Weighted Average Pass-Through Rate 6.698478%
Weighted Average Maturity (Stepdown Calculation) 347
Beginning Scheduled Collateral Loan Count 2,413
Number Of Loans Paid In Full 138
Ending Scheduled Collateral Loan Count 2,275
Beginning Scheduled Collateral Balance 374,440,790.80
Ending Scheduled Collateral Balance 351,911,147.34
Ending Actual Collateral Balance at 31-Oct-2004 352,049,217.78
Monthly P &I Constant 2,640,506.52
Special Servicing Fee 0.00
Prepayment Penalties 323,817.09
Realized Loss Amount 0.00
Cumulative Realized Loss 4,933.82
Ending Scheduled Balance for Premium Loans 351,911,147.34
Scheduled Principal 324,997.27
Unscheduled Principal 22,204,646.19
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 3,187,344.82
Overcollateralized Amount 3,187,344.82
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 0.00
Excess Cash Amount 1,290,289.66
Miscellaneous Reporting
Group 1 Available Funds 21,393,704.07
Group 2 Available Funds 3,226,091.99
Group Level Collateral Statement
Group Group 1 Group 2 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 7.455443 7.224094 7.420695
Weighted Average Net Rate 7.155604 6.924094 7.120832
Weighted Average Maturity 347 347 347
Beginning Loan Count 2,184 229 2,413
Loans Paid In Full 125 13 138
Ending Loan Count 2,059 216 2,275
Beginning Scheduled Balance 318,202,299.74 56,238,491.06 374,440,790.80
Ending scheduled Balance 298,597,891.41 53,313,255.93 351,911,147.34
Record Date 10/31/2004 10/31/2004 10/31/2004
Principal And Interest Constant 2,252,592.49 387,914.03 2,640,506.52
Scheduled Principal 275,643.35 49,353.92 324,997.27
Unscheduled Principal 19,328,764.98 2,875,881.21 22,204,646.19
Scheduled Interest 1,976,949.14 338,560.11 2,315,509.25
Servicing Fees 79,507.67 14,059.62 93,567.29
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 2,121.29 374.93 2,496.22
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 4,640.42 820.18 5,460.60
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 3 101,383.84 22,448.58 123,832.42
Net Interest 1,789,295.92 300,856.80 2,090,152.72
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 4,933.82 0.00 4,933.82
Percentage of Cumulative Losses 0.0012 0.0000 0.0010
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.747767 6.419594 6.698478