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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-8 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-43 54-6636502
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
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 December 27, 2004 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-8
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 2004-8 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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2004-8 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 2004-8 Trust,
relating to the December 27, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 11/30/2004
Distribution Date: 12/27/2004
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Series 2004-8
Contact: Customer Service - SecuritiesLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
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-CB-1 05948KTF6 SEN 6.00000% 106,813,900.30 534,069.50 2,394,687.22
1-CB-R 05948KTG4 SEN 6.00000% 0.00 0.08 0.00
2-CB-1 05948KTH2 SEN 6.00000% 98,283,823.74 491,419.12 2,187,659.24
CB-IO 05948KTJ8 SEN 6.00000% 0.00 60,251.00 0.00
3-A-1 05948KTK5 SEN 5.50000% 47,856,855.59 219,343.92 821,770.00
15-IO 05948KTL3 SEN 5.50000% 0.00 9,146.87 0.00
X-PO 05948KTM1 PO 0.00000% 580,383.48 0.00 10,852.90
15-PO 05948KTN9 PO 0.00000% 444,333.42 0.00 2,066.44
15-B-1 05948KTS8 SUB 5.50000% 1,025,931.93 4,702.19 3,713.91
15-B-2 05948KTT6 SUB 5.50000% 157,302.97 720.97 569.44
15-B-3 05948KTU3 SUB 5.50000% 158,292.29 725.51 573.02
15-B-4 05948KUD9 SUB 5.50000% 104,868.65 480.65 379.63
15-B-5 05948KUE7 SUB 5.50000% 52,434.32 240.32 189.81
15-B-6 05948KUF4 SUB 5.50000% 105,766.95 484.77 382.83
30-B-1 05948KTP4 SUB 6.00000% 4,416,915.82 22,084.58 4,081.10
30-B-2 05948KTQ2 SUB 6.00000% 1,987,562.26 9,937.81 1,836.45
30-B-3 05948KTR0 SUB 6.00000% 1,104,976.91 5,524.88 1,020.97
30-B-4 05948KUA5 SUB 6.00000% 1,103,979.64 5,519.90 1,020.04
30-B-5 05948KUB3 SUB 6.00000% 663,185.60 3,315.93 612.76
30-B-6 05948KUC1 SUB 6.00000% 993,914.83 4,969.57 918.35
Totals 265,854,428.70 1,372,937.57 5,432,334.11
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 0.00 104,419,213.09 2,928,756.72 0.00
1-CB-R 0.00 0.00 0.08 0.00
2-CB-1 0.00 96,096,164.51 2,679,078.36 0.00
CB-IO 0.00 0.00 60,251.00 0.00
3-A-1 0.00 47,035,085.58 1,041,113.92 0.00
15-IO 0.00 0.00 9,146.87 0.00
X-PO 0.00 569,530.58 10,852.90 0.00
15-PO 0.00 442,266.98 2,066.44 0.00
15-B-1 0.00 1,022,218.03 8,416.10 0.00
15-B-2 0.00 156,733.53 1,290.41 0.00
15-B-3 0.00 157,719.27 1,298.53 0.00
15-B-4 0.00 104,489.02 860.28 0.00
15-B-5 0.00 52,244.51 430.13 0.00
15-B-6 0.00 105,384.13 867.60 0.00
30-B-1 0.00 4,412,834.73 26,165.68 0.00
30-B-2 0.00 1,985,725.81 11,774.26 0.00
30-B-3 0.00 1,103,955.94 6,545.85 0.00
30-B-4 0.00 1,102,959.59 6,539.94 0.00
30-B-5 0.00 662,572.84 3,928.69 0.00
30-B-6 0.00 992,996.48 5,887.92 0.00
Totals 0.00 260,422,094.62 6,805,271.68 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-CB-1 109,301,000.00 106,813,900.30 98,245.69 2,296,441.53 0.00 0.00
1-CB-R 100.00 0.00 0.00 0.00 0.00 0.00
2-CB-1 101,300,000.00 98,283,823.74 91,255.39 2,096,403.84 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 51,035,000.00 47,856,855.59 173,243.25 648,526.75 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
X-PO 585,353.00 580,383.48 701.86 10,151.03 0.00 0.00
15-PO 476,514.00 444,333.42 1,680.11 386.34 0.00 0.00
15-B-1 1,037,000.00 1,025,931.93 3,713.91 0.00 0.00 0.00
15-B-2 159,000.00 157,302.97 569.44 0.00 0.00 0.00
15-B-3 160,000.00 158,292.29 573.02 0.00 0.00 0.00
15-B-4 106,000.00 104,868.65 379.63 0.00 0.00 0.00
15-B-5 53,000.00 52,434.32 189.81 0.00 0.00 0.00
15-B-6 106,908.00 105,766.95 382.83 0.00 0.00 0.00
30-B-1 4,429,000.00 4,416,915.82 4,081.10 0.00 0.00 0.00
30-B-2 1,993,000.00 1,987,562.26 1,836.45 0.00 0.00 0.00
30-B-3 1,108,000.00 1,104,976.91 1,020.97 0.00 0.00 0.00
30-B-4 1,107,000.00 1,103,979.64 1,020.04 0.00 0.00 0.00
30-B-5 665,000.00 663,185.60 612.76 0.00 0.00 0.00
30-B-6 996,634.00 993,914.83 918.35 0.00 0.00 0.00
Totals 274,618,509.00 265,854,428.70 380,424.61 5,051,909.49 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-CB-1 2,394,687.22 104,419,213.09 0.95533630 2,394,687.22
1-CB-R 0.00 0.00 0.00000000 0.00
2-CB-1 2,187,659.24 96,096,164.51 0.94862946 2,187,659.24
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 821,770.00 47,035,085.58 0.92162409 821,770.00
15-IO 0.00 0.00 0.00000000 0.00
X-PO 10,852.90 569,530.58 0.97296944 10,852.90
15-PO 2,066.44 442,266.98 0.92813009 2,066.44
15-B-1 3,713.91 1,022,218.03 0.98574545 3,713.91
15-B-2 569.44 156,733.53 0.98574547 569.44
15-B-3 573.02 157,719.27 0.98574544 573.02
15-B-4 379.63 104,489.02 0.98574547 379.63
15-B-5 189.81 52,244.51 0.98574547 189.81
15-B-6 382.83 105,384.13 0.98574597 382.83
30-B-1 4,081.10 4,412,834.73 0.99635013 4,081.10
30-B-2 1,836.45 1,985,725.81 0.99635013 1,836.45
30-B-3 1,020.97 1,103,955.94 0.99635013 1,020.97
30-B-4 1,020.04 1,102,959.59 0.99635013 1,020.04
30-B-5 612.76 662,572.84 0.99635014 612.76
30-B-6 918.35 992,996.48 0.99635019 918.35
Totals 5,432,334.11 260,422,094.62 0.94830496 5,432,334.11
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-CB-1 109,301,000.00 977.24540764 0.89885445 21.01025178 0.00000000
1-CB-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 101,300,000.00 970.22530839 0.90084294 20.69500336 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 51,035,000.00 937.72617988 3.39459685 12.70748996 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 585,353.00 991.51021691 1.19903716 17.34172371 0.00000000
15-PO 476,514.00 932.46666415 3.52583555 0.81076317 0.00000000
15-B-1 1,037,000.00 989.32683703 3.58139826 0.00000000 0.00000000
15-B-2 159,000.00 989.32685535 3.58138365 0.00000000 0.00000000
15-B-3 160,000.00 989.32681250 3.58137500 0.00000000 0.00000000
15-B-4 106,000.00 989.32688679 3.58141509 0.00000000 0.00000000
15-B-5 53,000.00 989.32679245 3.58132075 0.00000000 0.00000000
15-B-6 106,908.00 989.32680436 3.58092940 0.00000000 0.00000000
30-B-1 4,429,000.00 997.27157823 0.92144954 0.00000000 0.00000000
30-B-2 1,993,000.00 997.27158053 0.92145008 0.00000000 0.00000000
30-B-3 1,108,000.00 997.27157942 0.92145307 0.00000000 0.00000000
30-B-4 1,107,000.00 997.27158085 0.92144535 0.00000000 0.00000000
30-B-5 665,000.00 997.27157895 0.92144361 0.00000000 0.00000000
30-B-6 996,634.00 997.27164636 0.92145161 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-CB-1 0.00000000 21.90910623 955.33630150 0.95533630 21.90910623
1-CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 0.00000000 21.59584640 948.62946209 0.94862946 21.59584640
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 16.10208680 921.62409288 0.92162409 16.10208680
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 0.00000000 18.54077796 972.96943895 0.97296944 18.54077796
15-PO 0.00000000 4.33657773 928.13008642 0.92813009 4.33657773
15-B-1 0.00000000 3.58139826 985.74544841 0.98574545 3.58139826
15-B-2 0.00000000 3.58138365 985.74547170 0.98574547 3.58138365
15-B-3 0.00000000 3.58137500 985.74543750 0.98574544 3.58137500
15-B-4 0.00000000 3.58141509 985.74547170 0.98574547 3.58141509
15-B-5 0.00000000 3.58132075 985.74547170 0.98574547 3.58132075
15-B-6 0.00000000 3.58092940 985.74596850 0.98574597 3.58092940
30-B-1 0.00000000 0.92144954 996.35013096 0.99635013 0.92144954
30-B-2 0.00000000 0.92145008 996.35013046 0.99635013 0.92145008
30-B-3 0.00000000 0.92145307 996.35012635 0.99635013 0.92145307
30-B-4 0.00000000 0.92144535 996.35012647 0.99635013 0.92144535
30-B-5 0.00000000 0.92144361 996.35013534 0.99635014 0.92144361
30-B-6 0.00000000 0.92145161 996.35019476 0.99635019 0.92145161
<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-CB-1 109,301,000.00 6.00000% 106,813,900.30 534,069.50 0.00 0.00
1-CB-R 100.00 6.00000% 0.00 0.00 0.00 0.00
2-CB-1 101,300,000.00 6.00000% 98,283,823.74 491,419.12 0.00 0.00
CB-IO 0.00 6.00000% 12,050,200.23 60,251.00 0.00 0.00
3-A-1 51,035,000.00 5.50000% 47,856,855.59 219,343.92 0.00 0.00
15-IO 0.00 5.50000% 1,995,680.21 9,146.87 0.00 0.00
X-PO 585,353.00 0.00000% 580,383.48 0.00 0.00 0.00
15-PO 476,514.00 0.00000% 444,333.42 0.00 0.00 0.00
15-B-1 1,037,000.00 5.50000% 1,025,931.93 4,702.19 0.00 0.00
15-B-2 159,000.00 5.50000% 157,302.97 720.97 0.00 0.00
15-B-3 160,000.00 5.50000% 158,292.29 725.51 0.00 0.00
15-B-4 106,000.00 5.50000% 104,868.65 480.65 0.00 0.00
15-B-5 53,000.00 5.50000% 52,434.32 240.32 0.00 0.00
15-B-6 106,908.00 5.50000% 105,766.95 484.77 0.00 0.00
30-B-1 4,429,000.00 6.00000% 4,416,915.82 22,084.58 0.00 0.00
30-B-2 1,993,000.00 6.00000% 1,987,562.26 9,937.81 0.00 0.00
30-B-3 1,108,000.00 6.00000% 1,104,976.91 5,524.88 0.00 0.00
30-B-4 1,107,000.00 6.00000% 1,103,979.64 5,519.90 0.00 0.00
30-B-5 665,000.00 6.00000% 663,185.60 3,315.93 0.00 0.00
30-B-6 996,634.00 6.00000% 993,914.83 4,969.57 0.00 0.00
Totals 274,618,509.00 1,372,937.49 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>
1-CB-1 0.00 0.00 534,069.50 0.00 104,419,213.09
1-CB-R 0.00 0.00 0.08 0.00 0.00
2-CB-1 0.00 0.00 491,419.12 0.00 96,096,164.51
CB-IO 0.00 0.00 60,251.00 0.00 11,725,537.62
3-A-1 0.00 0.00 219,343.92 0.00 47,035,085.58
15-IO 0.00 0.00 9,146.87 0.00 1,953,502.45
X-PO 0.00 0.00 0.00 0.00 569,530.58
15-PO 0.00 0.00 0.00 0.00 442,266.98
15-B-1 0.00 0.00 4,702.19 0.00 1,022,218.03
15-B-2 0.00 0.00 720.97 0.00 156,733.53
15-B-3 0.00 0.00 725.51 0.00 157,719.27
15-B-4 0.00 0.00 480.65 0.00 104,489.02
15-B-5 0.00 0.00 240.32 0.00 52,244.51
15-B-6 0.00 0.00 484.77 0.00 105,384.13
30-B-1 0.00 0.00 22,084.58 0.00 4,412,834.73
30-B-2 0.00 0.00 9,937.81 0.00 1,985,725.81
30-B-3 0.00 0.00 5,524.88 0.00 1,103,955.94
30-B-4 0.00 0.00 5,519.90 0.00 1,102,959.59
30-B-5 0.00 0.00 3,315.93 0.00 662,572.84
30-B-6 0.00 0.00 4,969.57 0.00 992,996.48
Totals 0.00 0.00 1,372,937.57 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-CB-1 109,301,000.00 6.00000% 977.24540764 4.88622702 0.00000000 0.00000000
1-CB-R 100.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 101,300,000.00 6.00000% 970.22530839 4.85112655 0.00000000 0.00000000
CB-IO 0.00 6.00000% 971.22804708 4.85614014 0.00000000 0.00000000
3-A-1 51,035,000.00 5.50000% 937.72617988 4.29791163 0.00000000 0.00000000
15-IO 0.00 5.50000% 935.63313272 4.28831964 0.00000000 0.00000000
X-PO 585,353.00 0.00000% 991.51021691 0.00000000 0.00000000 0.00000000
15-PO 476,514.00 0.00000% 932.46666415 0.00000000 0.00000000 0.00000000
15-B-1 1,037,000.00 5.50000% 989.32683703 4.53441659 0.00000000 0.00000000
15-B-2 159,000.00 5.50000% 989.32685535 4.53440252 0.00000000 0.00000000
15-B-3 160,000.00 5.50000% 989.32681250 4.53443750 0.00000000 0.00000000
15-B-4 106,000.00 5.50000% 989.32688679 4.53443396 0.00000000 0.00000000
15-B-5 53,000.00 5.50000% 989.32679245 4.53433962 0.00000000 0.00000000
15-B-6 106,908.00 5.50000% 989.32680436 4.53445954 0.00000000 0.00000000
30-B-1 4,429,000.00 6.00000% 997.27157823 4.98635809 0.00000000 0.00000000
30-B-2 1,993,000.00 6.00000% 997.27158053 4.98635725 0.00000000 0.00000000
30-B-3 1,108,000.00 6.00000% 997.27157942 4.98635379 0.00000000 0.00000000
30-B-4 1,107,000.00 6.00000% 997.27158085 4.98635953 0.00000000 0.00000000
30-B-5 665,000.00 6.00000% 997.27157895 4.98636090 0.00000000 0.00000000
30-B-6 996,634.00 6.00000% 997.27164636 4.98635407 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-CB-1 0.00000000 0.00000000 4.88622702 0.00000000 955.33630150
1-CB-R 0.00000000 0.00000000 0.80000000 0.00000000 0.00000000
2-CB-1 0.00000000 0.00000000 4.85112655 0.00000000 948.62946209
CB-IO 0.00000000 0.00000000 4.85614014 0.00000000 945.06072815
3-A-1 0.00000000 0.00000000 4.29791163 0.00000000 921.62409288
15-IO 0.00000000 0.00000000 4.28831964 0.00000000 915.85896774
X-PO 0.00000000 0.00000000 0.00000000 0.00000000 972.96943895
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 928.13008642
15-B-1 0.00000000 0.00000000 4.53441659 0.00000000 985.74544841
15-B-2 0.00000000 0.00000000 4.53440252 0.00000000 985.74547170
15-B-3 0.00000000 0.00000000 4.53443750 0.00000000 985.74543750
15-B-4 0.00000000 0.00000000 4.53443396 0.00000000 985.74547170
15-B-5 0.00000000 0.00000000 4.53433962 0.00000000 985.74547170
15-B-6 0.00000000 0.00000000 4.53445954 0.00000000 985.74596850
30-B-1 0.00000000 0.00000000 4.98635809 0.00000000 996.35013096
30-B-2 0.00000000 0.00000000 4.98635725 0.00000000 996.35013046
30-B-3 0.00000000 0.00000000 4.98635379 0.00000000 996.35012635
30-B-4 0.00000000 0.00000000 4.98635953 0.00000000 996.35012647
30-B-5 0.00000000 0.00000000 4.98636090 0.00000000 996.35013534
30-B-6 0.00000000 0.00000000 4.98635407 0.00000000 996.35019476
<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>
1-IO 6.00000% 6,812,711.21 6,644,512.09 0.00 0.00 95.00683599%
2-IO 6.00000% 5,237,489.02 5,081,025.53 0.00 0.00 93.85913018%
X-PO-1 0.00000% 0.00 0.00 314,900.42 314,115.11 99.37835675%
X-PO-2 0.00000% 0.00 0.00 246,832.79 236,851.94 95.01746686%
X-PO-3 0.00000% 0.00 0.00 18,650.27 18,563.53 92.81300935%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 6,862,984.26
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 6,862,984.26
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 57,712.58
Payment of Interest and Principal 6,805,271.68
Total Withdrawals (Pool Distribution Amount) 6,862,984.26
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 55,386.34
Trustee Fee--Wells Fargo Bank, N.A. 2,326.24
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 57,712.58
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 1 0 0 1
122,772.08 0.00 0.00 122,772.08
30 Days 23 0 0 0 23
2,399,319.97 0.00 0.00 0.00 2,399,319.97
60 Days 1 0 0 0 1
79,861.85 0.00 0.00 0.00 79,861.85
90 Days 1 0 0 0 1
246,187.85 0.00 0.00 0.00 246,187.85
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 25 1 0 0 26
2,725,369.67 122,772.08 0.00 0.00 2,848,141.75
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 0.048924% 0.000000% 0.000000% 0.048924%
0.047088% 0.000000% 0.000000% 0.047088%
30 Days 1.125245% 0.000000% 0.000000% 0.000000% 1.125245%
0.920229% 0.000000% 0.000000% 0.000000% 0.920229%
60 Days 0.048924% 0.000000% 0.000000% 0.000000% 0.048924%
0.030630% 0.000000% 0.000000% 0.000000% 0.030630%
90 Days 0.048924% 0.000000% 0.000000% 0.000000% 0.048924%
0.094422% 0.000000% 0.000000% 0.000000% 0.094422%
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 1.223092% 0.048924% 0.000000% 0.000000% 1.272016%
1.045282% 0.047088% 0.000000% 0.000000% 1.092369%
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 14 0 0 0 14
1,213,432.17 0.00 0.00 0.00 1,213,432.17
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 14 0 0 0 14
1,213,432.17 0.00 0.00 0.00 1,213,432.17
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.553829% 0.000000% 0.000000% 0.000000% 1.553829%
1.101657% 0.000000% 0.000000% 0.000000% 1.101657%
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 1.553829% 0.000000% 0.000000% 0.000000% 1.553829%
1.101657% 0.000000% 0.000000% 0.000000% 1.101657%
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 1 0 0 1
122,772.08 0.00 0.00 122,772.08
30 Days 4 0 0 0 4
440,328.85 0.00 0.00 0.00 440,328.85
60 Days 1 0 0 0 1
79,861.85 0.00 0.00 0.00 79,861.85
90 Days 1 0 0 0 1
246,187.85 0.00 0.00 0.00 246,187.85
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 6 1 0 0 7
766,378.55 122,772.08 0.00 0.00 889,150.63
0-29 Days 0.146199% 0.000000% 0.000000% 0.146199%
0.121148% 0.000000% 0.000000% 0.121148%
30 Days 0.584795% 0.000000% 0.000000% 0.000000% 0.584795%
0.434505% 0.000000% 0.000000% 0.000000% 0.434505%
60 Days 0.146199% 0.000000% 0.000000% 0.000000% 0.146199%
0.078805% 0.000000% 0.000000% 0.000000% 0.078805%
90 Days 0.146199% 0.000000% 0.000000% 0.000000% 0.146199%
0.242931% 0.000000% 0.000000% 0.000000% 0.242931%
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 0.877193% 0.146199% 0.000000% 0.000000% 1.023392%
0.756241% 0.121148% 0.000000% 0.000000% 0.877390%
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 5 0 0 0 5
745,558.95 0.00 0.00 0.00 745,558.95
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 5 0 0 0 5
745,558.95 0.00 0.00 0.00 745,558.95
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.089325% 0.000000% 0.000000% 0.000000% 1.089325%
1.514006% 0.000000% 0.000000% 0.000000% 1.514006%
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 1.089325% 0.000000% 0.000000% 0.000000% 1.089325%
1.514006% 0.000000% 0.000000% 0.000000% 1.514006%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 18,684.44
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.457594%
Weighted Average Pass-Through Rate 6.197093%
Weighted Average Maturity (Stepdown Calculation) 355
Beginning Scheduled Collateral Loan Count 2,073
Number Of Loans Paid In Full 29
Ending Scheduled Collateral Loan Count 2,044
Beginning Scheduled Collateral Balance 265,854,430.43
Ending Scheduled Collateral Balance 260,422,096.28
Ending Actual Collateral Balance at 30-Nov-2004 260,730,660.31
Monthly P &I Constant 1,811,074.71
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 6,707,493.96
Class AP Deferred Amount 0.00
Scheduled Principal 380,424.66
Unscheduled Principal 5,051,909.49
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year
Weighted Average Coupon Rate 6.607173 6.549898 5.929350
Weighted Average Net Rate 6.357172 6.299898 5.668846
Weighted Average Maturity 355 355 175
Beginning Loan Count 915 694 464
Loans Paid In Full 14 10 5
Ending Loan Count 901 684 459
Beginning Scheduled Balance 112,460,160.43 103,469,833.59 49,924,436.41
Ending scheduled Balance 110,059,784.20 101,267,607.54 49,094,704.54
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 722,687.06 660,902.18 427,485.47
Scheduled Principal 103,483.95 96,138.14 180,802.57
Unscheduled Principal 2,296,892.28 2,106,087.91 648,929.30
Scheduled Interest 619,203.11 564,764.04 246,682.90
Servicing Fees 23,429.19 21,556.22 10,400.93
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 984.04 905.35 436.85
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 594,789.88 542,302.47 235,845.12
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 6.346671 6.289399 5.679348
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 6.457594
Weighted Average Net Rate 6.207593
Weighted Average Maturity 355
Beginning Loan Count 2,073
Loans Paid In Full 29
Ending Loan Count 2,044
Beginning Scheduled Balance 265,854,430.43
Ending scheduled Balance 260,422,096.28
Record Date 11/30/2004
Principal And Interest Constant 1,811,074.71
Scheduled Principal 380,424.66
Unscheduled Principal 5,051,909.49
Scheduled Interest 1,430,650.05
Servicing Fees 55,386.34
Master Servicing Fees 0.00
Trustee Fee 2,326.24
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 1,372,937.47
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 6.197093
Miscellaneous Reporting
Group 1
CPR 21.952810%
Subordinate % 4.753976%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.246024%
Group 2
CPR 21.886500%
Subordinate % 4.784957%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.215043%
Group 3
CPR 14.578791%
Subordinate % 3.244137%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.755863%
Group