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
FREMONT HOME LOAN TRUST
Asset Backed Certificates, Series 2004-B Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-111379-11
Pooling and Servicing Agreement) (Commission 54-2154055
(State or other File Number) 54-2154056
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, Maryland 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 FREMONT HOME LOAN
TRUST, Asset Backed Certificates, Series 2004-B 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-B
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.
FREMONT HOME LOAN TRUST
Asset Backed Certificates, Series 2004-B 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: 12/6/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Certificates, Series 2004-B Trust, relating to the
November 26, 2004 distribution.
EX-99.1
Fremont Home Loan Trust
Mortgage Pass-Through Certificates
Record Date: 10/31/04
Distribution Date: 11/26/04
FREMONT Series: 2004-B
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>
IA-1 35729PDL1 SEN 2.20250% 369,255,128.92 722,919.49 13,408,958.86
IIA-1 35729PDM9 SEN 2.03250% 36,149,172.24 65,309.50 7,609,020.52
IIA-2 35729PDN7 SEN 2.17250% 138,750,000.00 267,941.67 0.00
IIA-3 35729PDP2 SEN 2.41250% 20,532,000.00 44,029.73 0.00
M-1 35729PDQ0 MEZ 2.51250% 27,654,000.00 61,760.60 0.00
M-2 35729PDR8 MEZ 2.56250% 25,679,000.00 58,491.06 0.00
M-3 35729PDS6 MEZ 2.60750% 14,617,000.00 33,878.96 0.00
M-4 35729PDT4 MEZ 3.10250% 13,432,000.00 37,042.47 0.00
M-5 35729PDU1 MEZ 3.15750% 10,667,000.00 29,938.71 0.00
M-6 35729PDV9 MEZ 3.48250% 9,877,000.00 30,574.80 0.00
M-7 35729PDW7 MEZ 3.93250% 10,667,000.00 37,287.09 0.00
M-8 35729PDX5 MEZ 4.28250% 7,901,000.00 30,076.47 0.00
M-9 35729PDY3 MEZ 5.43250% 9,877,000.00 47,694.94 0.00
C FOM0400BC OC 0.00000% 15,802,510.80 2,401,662.11 0.00
P FOM0400BP PrePay 0.00000% 100.00 459,111.65 0.00
R-1 FOM040BR1 RES 0.00000% 0.00 0.00 0.00
R-2 FOM040BR2 RES 0.00000% 0.00 0.00 0.00
Totals 710,859,911.96 4,327,719.25 21,017,979.38
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
IA-1 0.00 355,846,170.06 14,131,878.35 0.00
IIA-1 0.00 28,540,151.72 7,674,330.02 0.00
IIA-2 0.00 138,750,000.00 267,941.67 0.00
IIA-3 0.00 20,532,000.00 44,029.73 0.00
M-1 0.00 27,654,000.00 61,760.60 0.00
M-2 0.00 25,679,000.00 58,491.06 0.00
M-3 0.00 14,617,000.00 33,878.96 0.00
M-4 0.00 13,432,000.00 37,042.47 0.00
M-5 0.00 10,667,000.00 29,938.71 0.00
M-6 0.00 9,877,000.00 30,574.80 0.00
M-7 0.00 10,667,000.00 37,287.09 0.00
M-8 0.00 7,901,000.00 30,076.47 0.00
M-9 0.00 9,877,000.00 47,694.94 0.00
C 0.00 15,802,510.80 2,401,662.11 0.00
P 0.00 100.00 459,111.65 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
Totals 0.00 689,841,932.58 25,345,698.63 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>
IA-1 423,670,000.00 369,255,128.92 0.00 13,408,958.86 0.00 0.00
IIA-1 61,000,000.00 36,149,172.24 0.00 7,609,020.52 0.00 0.00
IIA-2 138,750,000.00 138,750,000.00 0.00 0.00 0.00 0.00
IIA-3 20,532,000.00 20,532,000.00 0.00 0.00 0.00 0.00
M-1 27,654,000.00 27,654,000.00 0.00 0.00 0.00 0.00
M-2 25,679,000.00 25,679,000.00 0.00 0.00 0.00 0.00
M-3 14,617,000.00 14,617,000.00 0.00 0.00 0.00 0.00
M-4 13,432,000.00 13,432,000.00 0.00 0.00 0.00 0.00
M-5 10,667,000.00 10,667,000.00 0.00 0.00 0.00 0.00
M-6 9,877,000.00 9,877,000.00 0.00 0.00 0.00 0.00
M-7 10,667,000.00 10,667,000.00 0.00 0.00 0.00 0.00
M-8 7,901,000.00 7,901,000.00 0.00 0.00 0.00 0.00
M-9 9,877,000.00 9,877,000.00 0.00 0.00 0.00 0.00
C 15,802,440.02 15,802,510.80 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
Totals 790,125,540.02 710,859,911.96 0.00 21,017,979.38 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>
IA-1 13,408,958.86 355,846,170.06 0.83991354 13,408,958.86
IIA-1 7,609,020.52 28,540,151.72 0.46787134 7,609,020.52
IIA-2 0.00 138,750,000.00 1.00000000 0.00
IIA-3 0.00 20,532,000.00 1.00000000 0.00
M-1 0.00 27,654,000.00 1.00000000 0.00
M-2 0.00 25,679,000.00 1.00000000 0.00
M-3 0.00 14,617,000.00 1.00000000 0.00
M-4 0.00 13,432,000.00 1.00000000 0.00
M-5 0.00 10,667,000.00 1.00000000 0.00
M-6 0.00 9,877,000.00 1.00000000 0.00
M-7 0.00 10,667,000.00 1.00000000 0.00
M-8 0.00 7,901,000.00 1.00000000 0.00
M-9 0.00 9,877,000.00 1.00000000 0.00
C 0.00 15,802,510.80 1.00000448 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
Totals 21,017,979.38 689,841,932.58 0.87307889 21,017,979.38
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>
IA-1 423,670,000.00 871.56307721 0.00000000 31.64953587 0.00000000
IIA-1 61,000,000.00 592.60938098 0.00000000 124.73804131 0.00000000
IIA-2 138,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IIA-3 20,532,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 27,654,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 25,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 14,617,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 13,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 10,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 9,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 10,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 7,901,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 9,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
C 15,802,440.02 1000.00447906 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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>
IA-1 0.00000000 31.64953587 839.91354134 0.83991354 31.64953587
IIA-1 0.00000000 124.73804131 467.87133967 0.46787134 124.73804131
IIA-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IIA-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
C 0.00000000 0.00000000 1,000.00447906 1.00000448 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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>
IA-1 423,670,000.00 2.20250% 369,255,128.92 722,919.49 0.00 0.00
IIA-1 61,000,000.00 2.03250% 36,149,172.24 65,309.50 0.00 0.00
IIA-2 138,750,000.00 2.17250% 138,750,000.00 267,941.67 0.00 0.00
IIA-3 20,532,000.00 2.41250% 20,532,000.00 44,029.73 0.00 0.00
M-1 27,654,000.00 2.51250% 27,654,000.00 61,760.60 0.00 0.00
M-2 25,679,000.00 2.56250% 25,679,000.00 58,491.06 0.00 0.00
M-3 14,617,000.00 2.60750% 14,617,000.00 33,878.96 0.00 0.00
M-4 13,432,000.00 3.10250% 13,432,000.00 37,042.47 0.00 0.00
M-5 10,667,000.00 3.15750% 10,667,000.00 29,938.71 0.00 0.00
M-6 9,877,000.00 3.48250% 9,877,000.00 30,574.80 0.00 0.00
M-7 10,667,000.00 3.93250% 10,667,000.00 37,287.09 0.00 0.00
M-8 7,901,000.00 4.28250% 7,901,000.00 30,076.47 0.00 0.00
M-9 9,877,000.00 5.43250% 9,877,000.00 47,694.94 0.00 0.00
C 15,802,440.02 0.00000% 15,802,510.80 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
R-2 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 790,125,540.02 1,466,945.49 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>
IA-1 0.00 0.00 722,919.49 0.00 355,846,170.06
IIA-1 0.00 0.00 65,309.50 0.00 28,540,151.72
IIA-2 0.00 0.00 267,941.67 0.00 138,750,000.00
IIA-3 0.00 0.00 44,029.73 0.00 20,532,000.00
M-1 0.00 0.00 61,760.60 0.00 27,654,000.00
M-2 0.00 0.00 58,491.06 0.00 25,679,000.00
M-3 0.00 0.00 33,878.96 0.00 14,617,000.00
M-4 0.00 0.00 37,042.47 0.00 13,432,000.00
M-5 0.00 0.00 29,938.71 0.00 10,667,000.00
M-6 0.00 0.00 30,574.80 0.00 9,877,000.00
M-7 0.00 0.00 37,287.09 0.00 10,667,000.00
M-8 0.00 0.00 30,076.47 0.00 7,901,000.00
M-9 0.00 0.00 47,694.94 0.00 9,877,000.00
C 0.00 0.00 2,401,662.11 0.00 15,802,510.80
P 0.00 0.00 459,111.65 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 4,327,719.25 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>
IA-1 423,670,000.00 2.20250% 871.56307721 1.70632683 0.00000000 0.00000000
IIA-1 61,000,000.00 2.03250% 592.60938098 1.07064754 0.00000000 0.00000000
IIA-2 138,750,000.00 2.17250% 1000.00000000 1.93111114 0.00000000 0.00000000
IIA-3 20,532,000.00 2.41250% 1000.00000000 2.14444428 0.00000000 0.00000000
M-1 27,654,000.00 2.51250% 1000.00000000 2.23333333 0.00000000 0.00000000
M-2 25,679,000.00 2.56250% 1000.00000000 2.27777795 0.00000000 0.00000000
M-3 14,617,000.00 2.60750% 1000.00000000 2.31777793 0.00000000 0.00000000
M-4 13,432,000.00 3.10250% 1000.00000000 2.75777770 0.00000000 0.00000000
M-5 10,667,000.00 3.15750% 1000.00000000 2.80666635 0.00000000 0.00000000
M-6 9,877,000.00 3.48250% 1000.00000000 3.09555533 0.00000000 0.00000000
M-7 10,667,000.00 3.93250% 1000.00000000 3.49555545 0.00000000 0.00000000
M-8 7,901,000.00 4.28250% 1000.00000000 3.80666624 0.00000000 0.00000000
M-9 9,877,000.00 5.43250% 1000.00000000 4.82888934 0.00000000 0.00000000
C 15,802,440.02 0.00000% 1000.00447906 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000% 0.00000000 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>
IA-1 0.00000000 0.00000000 1.70632683 0.00000000 839.91354134
IIA-1 0.00000000 0.00000000 1.07064754 0.00000000 467.87133967
IIA-2 0.00000000 0.00000000 1.93111114 0.00000000 1000.00000000
IIA-3 0.00000000 0.00000000 2.14444428 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 2.23333333 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.27777795 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 2.31777793 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 2.75777770 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 2.80666635 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.09555533 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 3.49555545 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 3.80666624 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.82888934 0.00000000 1000.00000000
C 0.00000000 0.00000000 151.98046042 0.00000000 1000.00447906
P 0.00000000 0.00000000 4591116.50000000 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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 25,156,908.57
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 448,447.81
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 459,111.65
Total Deposits 26,064,468.03
Withdrawals
Reimbursement for Servicer Advances 415,173.02
Payment of Service Fee 303,596.38
Payment of Interest and Principal 25,345,698.63
Total Withdrawals (Pool Distribution Amount) 26,064,468.03
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 296,191.66
Master Servicing 3,702.36
Trust Administration 3,702.36
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 303,596.38
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 56 0 0 0 56
10,987,657.47 0.00 0.00 0.00 10,987,657.47
60 Days 14 1 12 0 27
2,245,463.51 109,897.22 1,477,115.88 0.00 3,832,476.61
90 Days 2 0 9 0 11
346,888.87 0.00 1,086,315.71 0.00 1,433,204.58
120 Days 2 1 4 0 7
609,123.64 197,556.39 634,678.51 0.00 1,441,358.54
150 Days 0 2 5 0 7
0.00 526,854.07 1,258,846.00 0.00 1,785,700.07
180+ Days 1 1 2 0 4
297,500.00 87,500.00 286,408.60 0.00 671,408.60
Totals 75 5 32 0 112
14,486,633.49 921,807.68 4,743,364.70 0.00 20,151,805.87
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 1.695428% 0.000000% 0.000000% 0.000000% 1.695428%
1.591531% 0.000000% 0.000000% 0.000000% 1.591531%
60 Days 0.423857% 0.030276% 0.363306% 0.000000% 0.817439%
0.325249% 0.015918% 0.213956% 0.000000% 0.555123%
90 Days 0.060551% 0.000000% 0.272480% 0.000000% 0.333031%
0.050246% 0.000000% 0.157350% 0.000000% 0.207596%
120 Days 0.060551% 0.030276% 0.121102% 0.000000% 0.211929%
0.088230% 0.028615% 0.091931% 0.000000% 0.208777%
150 Days 0.000000% 0.060551% 0.151378% 0.000000% 0.211929%
0.000000% 0.076313% 0.182340% 0.000000% 0.258654%
180+ Days 0.030276% 0.030276% 0.060551% 0.000000% 0.121102%
0.043092% 0.012674% 0.041485% 0.000000% 0.097252%
Totals 2.270663% 0.151378% 0.968816% 0.000000% 3.390857%
2.098347% 0.133521% 0.687063% 0.000000% 2.918931%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 448,447.81
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 7.040518%
Weighted Average Net Coupon 6.540518%
Weighted Average Pass-Through Rate 6.528018%
Weighted Average Maturity(Stepdown Calculation ) 349
Beginning Scheduled Collateral Loan Count 3,394
Number Of Loans Paid In Full 91
Ending Scheduled Collateral Loan Count 3,303
Beginning Scheduled Collateral Balance 710,859,911.96
Ending Scheduled Collateral Balance 689,841,932.58
Ending Actual Collateral Balance at 31-Oct-2004 690,383,058.23
Monthly P &I Constant 4,689,132.47
Special Servicing Fee 0.00
Prepayment Penalties 459,111.65
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 689,841,932.58
Scheduled Principal 518,447.42
Unscheduled Principal 20,499,531.96
Other Income 1,518.93
Miscellaneous Reporting
Excess Cash Amount 2,401,661.76
Extra Principal Amount 0.00
Overcollateralization Amount 15,802,510.80
Overcollateralization Deficiency 0.00
Overcollateralization Release 0.00
Target Overcollateralization Amount 15,802,510.80
Step Down NO
Trigger Event NO
Yield Maintenance Payment 0.00
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.889058 7.206310 6.689643
Weighted Average Net Rate 6.389058 6.706310 6.189643
Weighted Average Maturity 352 340 343
Beginning Loan Count 653 1,856 168
Loans Paid In Full 11 57 2
Ending Loan Count 642 1,799 166
Beginning Scheduled Balance 121,014,032.37 344,411,671.04 48,262,767.99
Ending scheduled Balance 118,982,934.23 333,033,810.32 47,988,397.45
Record Date 10/31/2004 10/31/2004 10/31/2004
Principal And Interest Constant 819,521.15 2,291,861.32 318,497.96
Scheduled Principal 124,793.89 223,580.14 49,447.38
Unscheduled Principal 1,906,304.25 11,154,280.58 224,923.16
Scheduled Interest 694,727.26 2,068,281.18 269,050.58
Servicing Fees 50,422.52 143,504.86 20,109.50
Master Servicing Fees 630.26 1,793.82 251.37
Trustee Fee 630.26 1,793.82 251.37
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 644,304.68 1,924,776.08 248,941.12
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 6.376558 6.693810 6.177143
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM
Weighted Average Coupon Rate 6.929762 7.040518
Weighted Average Net Rate 6.429762 6.540518
Weighted Average Maturity 352 349
Beginning Loan Count 717 3,394
Loans Paid In Full 21 91
Ending Loan Count 696 3,303
Beginning Scheduled Balance 197,171,440.56 710,859,911.96
Ending scheduled Balance 189,836,790.58 689,841,932.58
Record Date 10/31/2004 10/31/2004
Principal And Interest Constant 1,259,252.04 4,689,132.47
Scheduled Principal 120,626.01 518,447.42
Unscheduled Principal 7,214,023.97 20,499,531.96
Scheduled Interest 1,138,626.03 4,170,685.05
Servicing Fees 82,154.78 296,191.66
Master Servicing Fees 1,026.91 3,702.36
Trustee Fee 1,026.91 3,702.36
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
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 1,056,471.16 3,874,493.04
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 6.417262 6.528018