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): December 27, 2004 BANC OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-D Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101500-10 Pooling and Servicing Agreement) (Commission 54-2110367 (State or other File Number) 54-2110368 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 December 27, 2004 a distribution was made to holders of BANC OF AMERICA MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-D 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 2003-D Trust, relating to the December 27, 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 2003-D 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: 12/27/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-D Trust, relating to the December 27, 2004 distribution. EX-99.1 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2003-D Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution <s> <c> <c> <c> <c> <c> <c> 1-A1 05948XBN0 SEN 3.42800% 30,405,276.91 86,857.74 2,033,080.99 1-A2 05948XBP5 SEN 3.42800% 827,796.23 2,364.74 55,351.47 1-AR 05948XBQ3 SEN 3.42800% 0.00 0.00 0.00 1-ALR 05948XBR1 SEN 3.42800% 0.00 0.08 0.00 2-A1 05948XBS9 SEN 4.18300% 61,967,204.25 216,007.36 1,849,379.13 2-A2 05948XBT7 SEN 3.60100% 14,559,108.19 43,689.46 434,509.05 2-A3 05948XBU4 SEN 3.87600% 27,298,327.87 88,173.60 814,704.46 2-A4 05948XBV2 SEN 4.34100% 121,321,776.54 438,881.55 3,620,785.61 2-A5 05948XBW0 SEN 4.18300% 10,919,331.15 38,062.97 325,881.78 2-A6 05948XBX8 SEN 4.18300% 297,733.76 1,037.85 8,885.71 3-A1 05948XBY6 SEN 4.56900% 25,470,811.44 96,980.12 871,287.08 AP 05948XBZ3 PO 0.00000% 889,754.11 0.00 30,122.97 B-1 05948XCA7 SUB 4.10005% 9,585,292.62 32,750.14 171,181.80 B-2 05948XCB5 SUB 4.10005% 3,686,257.90 12,594.86 65,832.13 B-3 05948XCC3 SUB 4.10005% 2,579,869.50 8,814.66 46,073.37 B-4 05948XCD1 SUB 4.10005% 1,475,184.54 5,040.27 26,345.02 B-5 05948XCE9 SUB 4.10005% 1,105,536.68 3,777.29 19,743.56 B-6 05948XCF6 SUB 4.10005% 1,106,373.93 3,780.16 19,758.51 W-IO 05948XCH2 SEN 0.59987% 0.00 149,327.28 0.00 SES 05948XCG4 SEN 0.00000% 0.00 57,955.65 0.00 Totals 313,495,635.62 1,286,095.78 10,392,922.64 Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses <s> <c> <c> <c> <c> 1-A1 0.00 28,372,195.92 2,119,938.73 0.00 1-A2 0.00 772,444.76 57,716.21 0.00 1-AR 0.00 0.00 0.00 0.00 1-ALR 0.00 0.00 0.08 0.00 2-A1 0.00 60,117,825.13 2,065,386.49 0.00 2-A2 0.00 14,124,599.15 478,198.51 0.00 2-A3 0.00 26,483,623.40 902,878.06 0.00 2-A4 0.00 117,700,990.93 4,059,667.16 0.00 2-A5 0.00 10,593,449.36 363,944.75 0.00 2-A6 0.00 288,848.05 9,923.56 0.00 3-A1 0.00 24,599,524.36 968,267.20 0.00 AP 0.00 859,631.14 30,122.97 0.00 B-1 0.00 9,414,110.82 203,931.94 0.00 B-2 0.00 3,620,425.77 78,426.99 0.00 B-3 0.00 2,533,796.13 54,888.03 0.00 B-4 0.00 1,448,839.52 31,385.29 0.00 B-5 0.00 1,085,793.13 23,520.85 0.00 B-6 0.00 1,086,615.42 23,538.67 0.00 W-IO 0.00 0.00 149,327.28 0.00 SES 0.00 0.00 57,955.65 0.00 Totals 0.00 303,102,712.99 11,679,018.42 0.00 <FN> All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. </FN> Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) <s> <c> <c> <c> <c> <c> <c> 1-A1 137,188,000.00 30,405,276.91 48,601.42 1,984,479.57 0.00 0.00 1-A2 3,735,000.00 827,796.23 1,323.19 54,028.28 0.00 0.00 1-AR 50.00 0.00 0.00 0.00 0.00 0.00 1-ALR 50.00 0.00 0.00 0.00 0.00 0.00 2-A1 170,250,000.00 61,967,204.25 65,887.71 1,783,491.41 0.00 0.00 2-A2 40,000,000.00 14,559,108.19 15,480.23 419,028.82 0.00 0.00 2-A3 75,000,000.00 27,298,327.87 29,025.42 785,679.04 0.00 0.00 2-A4 333,322,000.00 121,321,776.54 128,997.50 3,491,788.11 0.00 0.00 2-A5 30,000,000.00 10,919,331.15 11,610.17 314,271.61 0.00 0.00 2-A6 818,000.00 297,733.76 316.57 8,569.14 0.00 0.00 3-A1 51,285,000.00 25,470,811.44 33,324.47 837,962.60 0.00 0.00 AP 1,079,908.00 889,754.11 1,416.18 28,706.79 0.00 0.00 B-1 11,254,000.00 9,585,292.62 11,123.40 160,058.40 0.00 0.00 B-2 4,328,000.00 3,686,257.90 4,277.77 61,554.36 0.00 0.00 B-3 3,029,000.00 2,579,869.50 2,993.85 43,079.52 0.00 0.00 B-4 1,732,000.00 1,475,184.54 1,711.90 24,633.12 0.00 0.00 B-5 1,298,000.00 1,105,536.68 1,282.94 18,460.62 0.00 0.00 B-6 1,298,983.00 1,106,373.93 1,283.91 18,474.60 0.00 0.00 W-IO 0.00 0.00 0.00 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 Totals 865,617,991.00 313,495,635.62 358,656.63 10,034,265.99 0.00 0.00 <FN> (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description. </FN> Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution <s> <c> <c> <c> <c> 1-A1 2,033,080.99 28,372,195.92 0.20681252 2,033,080.99 1-A2 55,351.47 772,444.76 0.20681252 55,351.47 1-AR 0.00 0.00 0.00000000 0.00 1-ALR 0.00 0.00 0.00000000 0.00 2-A1 1,849,379.13 60,117,825.13 0.35311498 1,849,379.13 2-A2 434,509.05 14,124,599.15 0.35311498 434,509.05 2-A3 814,704.46 26,483,623.40 0.35311498 814,704.46 2-A4 3,620,785.61 117,700,990.93 0.35311498 3,620,785.61 2-A5 325,881.78 10,593,449.36 0.35311498 325,881.78 2-A6 8,885.71 288,848.05 0.35311498 8,885.71 3-A1 871,287.08 24,599,524.36 0.47966314 871,287.08 AP 30,122.97 859,631.14 0.79602257 30,122.97 B-1 171,181.80 9,414,110.82 0.83651242 171,181.80 B-2 65,832.13 3,620,425.77 0.83651242 65,832.13 B-3 46,073.37 2,533,796.13 0.83651242 46,073.37 B-4 26,345.02 1,448,839.52 0.83651242 26,345.02 B-5 19,743.56 1,085,793.13 0.83651243 19,743.56 B-6 19,758.51 1,086,615.42 0.83651243 19,758.51 W-IO 0.00 0.00 0.00000000 0.00 SES 0.00 0.00 0.00000000 0.00 Totals 10,392,922.64 303,102,712.99 0.35015759 10,392,922.64 Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion <s> <c> <c> <c> <c> <c> 1-A1 137,188,000.00 221.63219021 0.35426874 14.46540200 0.00000000 1-A2 3,735,000.00 221.63219009 0.35426774 14.46540295 0.00000000 1-AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1-ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 170,250,000.00 363.97770485 0.38700564 10.47572047 0.00000000 2-A2 40,000,000.00 363.97770475 0.38700575 10.47572050 0.00000000 2-A3 75,000,000.00 363.97770493 0.38700560 10.47572053 0.00000000 2-A4 333,322,000.00 363.97770486 0.38700566 10.47572050 0.00000000 2-A5 30,000,000.00 363.97770500 0.38700567 10.47572033 0.00000000 2-A6 818,000.00 363.97770171 0.38700489 10.47572127 0.00000000 3-A1 51,285,000.00 496.65226557 0.64978980 16.33933119 0.00000000 AP 1,079,908.00 823.91658363 1.31138949 26.58262556 0.00000000 B-1 11,254,000.00 851.72317576 0.98839524 14.22235650 0.00000000 B-2 4,328,000.00 851.72317468 0.98839418 14.22235675 0.00000000 B-3 3,029,000.00 851.72317597 0.98839551 14.22235721 0.00000000 B-4 1,732,000.00 851.72317552 0.98839492 14.22235566 0.00000000 B-5 1,298,000.00 851.72317411 0.98839753 14.22235747 0.00000000 B-6 1,298,983.00 851.72317883 0.98839631 14.22235703 0.00000000 W-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000 <FN> (2) All classes are per $1,000 denomination. </FN> Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution <s> <c> <c> <c> <c> <c> 1-A1 0.00000000 14.81967074 206.81251946 0.20681252 14.81967074 1-A2 0.00000000 14.81967068 206.81251941 0.20681252 14.81967068 1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 0.00000000 10.86272617 353.11497874 0.35311498 10.86272617 2-A2 0.00000000 10.86272625 353.11497875 0.35311498 10.86272625 2-A3 0.00000000 10.86272613 353.11497867 0.35311498 10.86272613 2-A4 0.00000000 10.86272616 353.11497870 0.35311498 10.86272616 2-A5 0.00000000 10.86272600 353.11497867 0.35311498 10.86272600 2-A6 0.00000000 10.86272616 353.11497555 0.35311498 10.86272616 3-A1 0.00000000 16.98912119 479.66314439 0.47966314 16.98912119 AP 0.00000000 27.89401505 796.02256859 0.79602257 27.89401505 B-1 0.00000000 15.21075173 836.51242403 0.83651242 15.21075173 B-2 0.00000000 15.21075092 836.51242375 0.83651242 15.21075092 B-3 0.00000000 15.21075272 836.51242324 0.83651242 15.21075272 B-4 0.00000000 15.21075058 836.51242494 0.83651242 15.21075058 B-5 0.00000000 15.21075501 836.51242681 0.83651243 15.21075501 B-6 0.00000000 15.21075334 836.51242549 0.83651243 15.21075334 W-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 <FN> (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description. </FN> Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall <s> <c> <c> <c> <c> <c> <c> 1-A1 137,188,000.00 3.42800% 30,405,276.91 86,857.74 0.00 0.00 1-A2 3,735,000.00 3.42800% 827,796.23 2,364.74 0.00 0.00 1-AR 50.00 3.42800% 0.00 0.00 0.00 0.00 1-ALR 50.00 3.42800% 0.00 0.00 0.00 0.00 2-A1 170,250,000.00 4.18300% 61,967,204.25 216,007.35 0.00 0.00 2-A2 40,000,000.00 3.60100% 14,559,108.19 43,689.46 0.00 0.00 2-A3 75,000,000.00 3.87600% 27,298,327.87 88,173.60 0.00 0.00 2-A4 333,322,000.00 4.34100% 121,321,776.54 438,881.53 0.00 0.00 2-A5 30,000,000.00 4.18300% 10,919,331.15 38,062.97 0.00 0.00 2-A6 818,000.00 4.18300% 297,733.76 1,037.85 0.00 0.00 3-A1 51,285,000.00 4.56900% 25,470,811.44 96,980.11 0.00 0.00 AP 1,079,908.00 0.00000% 889,754.11 0.00 0.00 0.00 B-1 11,254,000.00 4.10005% 9,585,292.62 32,750.13 0.00 0.00 B-2 4,328,000.00 4.10005% 3,686,257.90 12,594.86 0.00 0.00 B-3 3,029,000.00 4.10005% 2,579,869.50 8,814.66 0.00 0.00 B-4 1,732,000.00 4.10005% 1,475,184.54 5,040.27 0.00 0.00 B-5 1,298,000.00 4.10005% 1,105,536.68 3,777.29 0.00 0.00 B-6 1,298,983.00 4.10005% 1,106,373.93 3,780.16 0.00 0.00 W-IO 0.00 0.59987% 298,717,285.17 149,327.28 0.00 0.00 SES 0.00 0.00000% 313,495,637.22 0.00 0.00 0.00 Totals 865,617,991.00 1,228,140.00 0.00 0.00 Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance <s> <c> <c> <c> <c> <c> 1-A1 0.00 0.00 86,857.74 0.00 28,372,195.92 1-A2 0.00 0.00 2,364.74 0.00 772,444.76 1-AR 0.00 0.00 0.00 0.00 0.00 1-ALR 0.00 0.00 0.08 0.00 0.00 2-A1 (0.01) 0.00 216,007.36 0.00 60,117,825.13 2-A2 0.00 0.00 43,689.46 0.00 14,124,599.15 2-A3 0.00 0.00 88,173.60 0.00 26,483,623.40 2-A4 (0.02) 0.00 438,881.55 0.00 117,700,990.93 2-A5 0.00 0.00 38,062.97 0.00 10,593,449.36 2-A6 0.00 0.00 1,037.85 0.00 288,848.05 3-A1 0.00 0.00 96,980.12 0.00 24,599,524.36 AP 0.00 0.00 0.00 0.00 859,631.14 B-1 0.00 0.00 32,750.14 0.00 9,414,110.82 B-2 0.00 0.00 12,594.86 0.00 3,620,425.77 B-3 0.00 0.00 8,814.66 0.00 2,533,796.13 B-4 0.00 0.00 5,040.27 0.00 1,448,839.52 B-5 0.00 0.00 3,777.29 0.00 1,085,793.13 B-6 0.00 0.00 3,780.16 0.00 1,086,615.42 W-IO 0.00 0.00 149,327.28 0.00 288,754,278.58 SES 0.00 0.00 57,955.65 0.00 303,102,714.59 Totals (0.03) 0.00 1,286,095.78 0.00 <FN> (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description. </FN> Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall <s> <c> <c> <c> <c> <c> <c> 1-A1 137,188,000.00 3.42800% 221.63219021 0.63312928 0.00000000 0.00000000 1-A2 3,735,000.00 3.42800% 221.63219009 0.63312985 0.00000000 0.00000000 1-AR 50.00 3.42800% 0.00000000 0.00000000 0.00000000 0.00000000 1-ALR 50.00 3.42800% 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 170,250,000.00 4.18300% 363.97770485 1.26876564 0.00000000 0.00000000 2-A2 40,000,000.00 3.60100% 363.97770475 1.09223650 0.00000000 0.00000000 2-A3 75,000,000.00 3.87600% 363.97770493 1.17564800 0.00000000 0.00000000 2-A4 333,322,000.00 4.34100% 363.97770486 1.31668936 0.00000000 0.00000000 2-A5 30,000,000.00 4.18300% 363.97770500 1.26876567 0.00000000 0.00000000 2-A6 818,000.00 4.18300% 363.97770171 1.26876528 0.00000000 0.00000000 3-A1 51,285,000.00 4.56900% 496.65226557 1.89100341 0.00000000 0.00000000 AP 1,079,908.00 0.00000% 823.91658363 0.00000000 0.00000000 0.00000000 B-1 11,254,000.00 4.10005% 851.72317576 2.91008797 0.00000000 0.00000000 B-2 4,328,000.00 4.10005% 851.72317468 2.91008780 0.00000000 0.00000000 B-3 3,029,000.00 4.10005% 851.72317597 2.91008914 0.00000000 0.00000000 B-4 1,732,000.00 4.10005% 851.72317552 2.91008661 0.00000000 0.00000000 B-5 1,298,000.00 4.10005% 851.72317411 2.91008475 0.00000000 0.00000000 B-6 1,298,983.00 4.10005% 851.72317883 2.91009197 0.00000000 0.00000000 W-IO 0.00 0.59987% 352.24692109 0.17608648 0.00000000 0.00000000 SES 0.00 0.00000% 362.16395673 0.00000000 0.00000000 0.00000000 <FN> (5) All classes are per $1,000 denomination. </FN> Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance <s> <c> <c> <c> <c> <c> 1-A1 0.00000000 0.00000000 0.63312928 0.00000000 206.81251946 1-A2 0.00000000 0.00000000 0.63312985 0.00000000 206.81251941 1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-ALR 0.00000000 0.00000000 1.60000000 0.00000000 0.00000000 2-A1 (0.00000006) 0.00000000 1.26876570 0.00000000 353.11497874 2-A2 0.00000000 0.00000000 1.09223650 0.00000000 353.11497875 2-A3 0.00000000 0.00000000 1.17564800 0.00000000 353.11497867 2-A4 (0.00000006) 0.00000000 1.31668942 0.00000000 353.11497870 2-A5 0.00000000 0.00000000 1.26876567 0.00000000 353.11497867 2-A6 0.00000000 0.00000000 1.26876528 0.00000000 353.11497555 3-A1 0.00000000 0.00000000 1.89100361 0.00000000 479.66314439 AP 0.00000000 0.00000000 0.00000000 0.00000000 796.02256859 B-1 0.00000000 0.00000000 2.91008886 0.00000000 836.51242403 B-2 0.00000000 0.00000000 2.91008780 0.00000000 836.51242375 B-3 0.00000000 0.00000000 2.91008914 0.00000000 836.51242324 B-4 0.00000000 0.00000000 2.91008661 0.00000000 836.51242494 B-5 0.00000000 0.00000000 2.91008475 0.00000000 836.51242681 B-6 0.00000000 0.00000000 2.91009197 0.00000000 836.51242549 W-IO 0.00000000 0.00000000 0.17608648 0.00000000 340.49856045 SES 0.00000000 0.00000000 0.06695292 0.00000000 350.15759513 <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> AP (2) 0.00000% 0.00 0.00 838,097.03 836,688.17 81.47724214% AP (3) 0.00000% 0.00 0.00 51,657.08 22,942.97 43.28045652% W-IO (1) 0.69834% 34,213,121.60 32,027,103.59 0.00 0.00 22.12435998% W-IO (2) 0.58039% 239,605,341.51 232,340,894.80 0.00 0.00 35.61046216% W-IO (3) 0.65207% 24,898,822.06 24,386,280.19 0.00 0.00 47.98267534% SES (1) 0.00000% 34,213,121.60 32,027,103.59 0.00 0.00 22.12435987% SES (2) 0.00000% 252,518,690.18 245,233,344.77 0.00 0.00 36.70485706% SES (3) 0.00000% 26,763,825.44 25,842,266.23 0.00 0.00 49.00289064% CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT <s> <c> Beginning Balance 0.00 Deposits Payments of Interest and Principal 11,692,864.46 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 11,692,864.46 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 13,846.04 Payment of Interest and Principal 11,679,018.42 Total Withdrawals (Pool Distribution Amount) 11,692,864.46 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 13,062.32 Trustee Fee - Wells Fargo Bank, N.A. 783.72 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 13,846.04 LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total <s> <c> <c> <c> <c> <c> No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 844,050.72 0.00 0.00 0.00 844,050.72 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 2 844,050.72 0.00 0.00 0.00 844,050.72 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 0.319489% 0.000000% 0.000000% 0.000000% 0.319489% 0.278199% 0.000000% 0.000000% 0.000000% 0.278199% 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 0.319489% 0.000000% 0.000000% 0.000000% 0.319489% 0.278199% 0.000000% 0.000000% 0.000000% 0.278199% 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 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% 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 2 0 0 0 2 844,050.72 0.00 0.00 0.00 844,050.72 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 2 844,050.72 0.00 0.00 0.00 844,050.72 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.399202% 0.000000% 0.000000% 0.000000% 0.399202% 0.343874% 0.000000% 0.000000% 0.000000% 0.343874% 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 0.399202% 0.000000% 0.000000% 0.000000% 0.399202% 0.343874% 0.000000% 0.000000% 0.000000% 0.343874% 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 3,703.22 COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.967722% Weighted Average Pass-Through Rate 4.701080% Weighted Average Maturity (Stepdown Calculation) 338 Beginning Scheduled Collateral Loan Count 648 Number Of Loans Paid In Full 22 Ending Scheduled Collateral Loan Count 626 Beginning Scheduled Collateral Balance 313,495,637.22 Ending Scheduled Collateral Balance 303,102,714.59 Ending Actual Collateral Balance at 30-Nov-2004 303,398,339.45 Monthly P &I Constant 1,656,455.91 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 11,145,124.92 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 303,102,714.59 Scheduled Principal 358,656.64 Unscheduled Principal 10,034,265.99 Miscellaneous Reporting Total Senior Percentage 93.749793% Aggregate Subordinate Percentage 6.250207% 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 4.504341 4.982588 5.419810 Weighted Average Net Rate 4.254341 4.732588 5.169809 Weighted Average Maturity 337 338 338 Beginning Loan Count 79 515 54 Loans Paid In Full 6 14 2 Ending Loan Count 73 501 52 Beginning Scheduled Balance 34,213,121.60 252,518,690.18 26,763,825.44 Ending scheduled Balance 32,027,103.59 245,233,344.77 25,842,266.23 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 183,111.06 1,317,443.25 155,901.60 Scheduled Principal 54,688.08 268,946.00 35,022.56 Unscheduled Principal 2,131,329.93 7,016,399.41 886,536.65 Scheduled Interest 128,422.98 1,048,497.25 120,879.04 Servicing Fees 7,127.74 52,608.11 5,575.81 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 85.52 631.27 66.93 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 3,563.85 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 117,645.87 995,257.87 115,236.30 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 4.126341 4.729588 5.166810 Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 4.967722 Weighted Average Net Rate 4.717722 Weighted Average Maturity 338 Beginning Loan Count 648 Loans Paid In Full 22 Ending Loan Count 626 Beginning Scheduled Balance 313,495,637.22 Ending scheduled Balance 303,102,714.59 Record Date 11/30/2004 Principal And Interest Constant 1,656,455.91 Scheduled Principal 358,656.64 Unscheduled Principal 10,034,265.99 Scheduled Interest 1,297,799.27 Servicing Fees 65,311.66 Master Servicing Fees 0.00 Trustee Fee 783.72 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 3,563.85 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,228,140.04 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 4.701080 Miscellaneous Reporting Group 1 CPR 53.843101% Group 1 Subordinate Percentage 8.710250% Group 1 Subordinate Prepayment % 4.355125% Group 1 Senior Prepayment Percentage 95.644875% Group 1 Senior Percentage 91.289750% Group 2 CPR 28.717086% Group 2 Subordinate Percentage 6.085932% Group 2 Subordinate Prepayment % 3.042966% Group 2 Senior Prepayment Percentage 96.957034% Group 2 Senior Percentage 93.914068% Group 3 CPR 33.286603% Group 3 Subordinate Percentage 4.647158% Group 3 Subordinate Prepayment % 2.323579% Group 3 Senior Prepayment Percentage 97.676421% Group 3 Senior Percentage 95.352842%