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 2004-7 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-40 54-2157792
Pooling and Servicing Agreement) (Commission 54-2157793
(State or other File Number) 54-2157794
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
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-7
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 2004-7 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 2004-7 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 2004-7 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 2004-7
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-A-1 05949ALX6 SEN 6.00000% 139,329,030.02 696,645.15 2,377,863.90
1-A-R 05949ALY4 SEN 6.00000% 0.00 0.26 0.00
1-A-LR 05949ALZ1 SEN 6.00000% 0.00 0.00 0.00
2-A-1 05949AMA5 SEN 6.00000% 101,354,979.03 506,774.90 1,183,002.10
2-A-2 05949AMB3 SEN 6.00000% 1,024,166.15 5,120.83 11,953.93
CB-IO 05949AMC1 IO 6.00000% 0.00 37,805.68 0.00
3-A-1 05949AMD9 SEN 6.00000% 5,228,000.00 26,140.00 0.00
3-A-2 05949AME7 SEN 6.00000% 34,985,071.95 174,925.36 2,279,525.20
3-A-3 05949AMF4 SEN 6.00000% 2,120,000.00 10,600.00 0.00
3-A-4 05949AMG2 SEN 6.00000% 2,120,000.00 10,600.00 0.00
3-IO 05949AMH0 IO 6.00000% 0.00 3,813.40 0.00
4-A-1 05949AMJ6 SEN 5.00000% 33,453,492.72 139,389.55 219,401.15
5-A-1 05949AMK3 SEN 5.50000% 51,721,579.15 237,057.24 346,836.14
15-IO 05949ANA4 IO 5.00000% 0.00 11,322.84 0.00
X-PO 05949AML1 PO 0.00000% 4,627,569.55 0.00 35,040.81
15-PO 05949AMM9 PO 0.00000% 928,290.12 0.00 14,677.99
15-B-1 05949AMR8 SUB 5.30428% 2,385,159.13 10,542.96 8,831.60
15-B-2 05949AMS6 SUB 5.30428% 274,983.22 1,215.49 1,018.19
15-B-3 05949AMT4 SUB 5.30428% 274,983.22 1,215.49 1,018.19
15-B-4 05949AMX5 SUB 5.30428% 184,307.75 814.68 682.44
15-B-5 05949AMY3 SUB 5.30428% 91,661.07 405.16 339.40
15-B-6 05949AMZ0 SUB 5.30428% 183,518.56 811.19 679.35
30-B-1 05949AMN7 SUB 6.00000% 6,718,195.20 33,590.98 6,542.27
30-B-2 05949AMP2 SUB 6.00000% 3,197,717.47 15,988.59 3,113.98
30-B-3 05949AMQ0 SUB 6.00000% 1,919,626.65 9,598.13 1,869.36
30-B-4 05949AMU1 SUB 6.00000% 1,759,242.69 8,796.21 1,713.17
30-B-5 05949AMV9 SUB 6.00000% 1,438,474.77 7,192.37 1,400.81
30-B-6 05949AMW7 SUB 6.00000% 960,516.95 4,802.58 935.36
Totals 396,280,565.37 1,955,169.04 6,496,445.34
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 136,951,166.13 3,074,509.05 0.00
1-A-R 0.00 0.00 0.26 0.00
1-A-LR 0.00 0.00 0.00 0.00
2-A-1 0.00 100,171,976.93 1,689,777.00 0.00
2-A-2 0.00 1,012,212.21 17,074.76 0.00
CB-IO 0.00 0.00 37,805.68 0.00
3-A-1 0.00 5,228,000.00 26,140.00 0.00
3-A-2 0.00 32,705,546.75 2,454,450.56 0.00
3-A-3 0.00 2,120,000.00 10,600.00 0.00
3-A-4 0.00 2,120,000.00 10,600.00 0.00
3-IO 0.00 0.00 3,813.40 0.00
4-A-1 0.00 33,234,091.57 358,790.70 0.00
5-A-1 0.00 51,374,743.01 583,893.38 0.00
15-IO 0.00 0.00 11,322.84 0.00
X-PO 0.00 4,592,528.74 35,040.81 0.00
15-PO 0.00 913,612.13 14,677.99 0.00
15-B-1 0.00 2,376,327.53 19,374.56 0.00
15-B-2 0.00 273,965.03 2,233.68 0.00
15-B-3 0.00 273,965.03 2,233.68 0.00
15-B-4 0.00 183,625.31 1,497.12 0.00
15-B-5 0.00 91,321.68 744.56 0.00
15-B-6 0.00 182,839.22 1,490.54 0.00
30-B-1 0.00 6,711,652.93 40,133.25 0.00
30-B-2 0.00 3,194,603.49 19,102.57 0.00
30-B-3 0.00 1,917,757.30 11,467.49 0.00
30-B-4 0.00 1,757,529.52 10,509.38 0.00
30-B-5 0.00 1,437,073.97 8,593.18 0.00
30-B-6 0.00 959,581.58 5,737.94 0.00
Totals 0.00 389,784,120.06 8,451,614.38 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-A-1 145,430,000.00 139,329,030.02 135,033.69 2,242,830.21 0.00 0.00
1-A-R 50.00 0.00 0.00 0.00 0.00 0.00
1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-A-1 105,495,000.00 101,354,979.03 97,902.34 1,085,099.76 0.00 0.00
2-A-2 1,066,000.00 1,024,166.15 989.28 10,964.66 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 5,228,000.00 5,228,000.00 0.00 0.00 0.00 0.00
3-A-2 38,861,000.00 34,985,071.95 44,662.10 2,234,863.10 0.00 0.00
3-A-3 2,120,000.00 2,120,000.00 0.00 0.00 0.00 0.00
3-A-4 2,120,000.00 2,120,000.00 0.00 0.00 0.00 0.00
3-IO 0.00 0.00 0.00 0.00 0.00 0.00
4-A-1 34,348,000.00 33,453,492.72 127,976.67 91,424.47 0.00 0.00
5-A-1 54,305,000.00 51,721,579.15 187,426.33 159,409.81 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
X-PO 4,719,787.00 4,627,569.55 5,143.15 29,897.66 0.00 0.00
15-PO 947,416.00 928,290.12 3,636.53 11,041.46 0.00 0.00
15-B-1 2,420,000.00 2,385,159.13 8,831.60 0.00 0.00 0.00
15-B-2 279,000.00 274,983.22 1,018.19 0.00 0.00 0.00
15-B-3 279,000.00 274,983.22 1,018.19 0.00 0.00 0.00
15-B-4 187,000.00 184,307.75 682.44 0.00 0.00 0.00
15-B-5 93,000.00 91,661.07 339.40 0.00 0.00 0.00
15-B-6 186,199.00 183,518.56 679.35 0.00 0.00 0.00
30-B-1 6,744,000.00 6,718,195.20 6,542.27 0.00 0.00 0.00
30-B-2 3,210,000.00 3,197,717.47 3,113.98 0.00 0.00 0.00
30-B-3 1,927,000.00 1,919,626.65 1,869.36 0.00 0.00 0.00
30-B-4 1,766,000.00 1,759,242.69 1,713.17 0.00 0.00 0.00
30-B-5 1,444,000.00 1,438,474.77 1,400.81 0.00 0.00 0.00
30-B-6 964,206.00 960,516.95 935.36 0.00 0.00 0.00
Totals 414,139,708.00 396,280,565.37 630,914.21 5,865,531.13 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-A-1 2,377,863.90 136,951,166.13 0.94169818 2,377,863.90
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 1,183,002.10 100,171,976.93 0.94954241 1,183,002.10
2-A-2 11,953.93 1,012,212.21 0.94954241 11,953.93
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 0.00 5,228,000.00 1.00000000 0.00
3-A-2 2,279,525.20 32,705,546.75 0.84160332 2,279,525.20
3-A-3 0.00 2,120,000.00 1.00000000 0.00
3-A-4 0.00 2,120,000.00 1.00000000 0.00
3-IO 0.00 0.00 0.00000000 0.00
4-A-1 219,401.15 33,234,091.57 0.96756992 219,401.15
5-A-1 346,836.14 51,374,743.01 0.94604075 346,836.14
15-IO 0.00 0.00 0.00000000 0.00
X-PO 35,040.81 4,592,528.74 0.97303729 35,040.81
15-PO 14,677.99 913,612.13 0.96431993 14,677.99
15-B-1 8,831.60 2,376,327.53 0.98195352 8,831.60
15-B-2 1,018.19 273,965.03 0.98195351 1,018.19
15-B-3 1,018.19 273,965.03 0.98195351 1,018.19
15-B-4 682.44 183,625.31 0.98195353 682.44
15-B-5 339.40 91,321.68 0.98195355 339.40
15-B-6 679.35 182,839.22 0.98195597 679.35
30-B-1 6,542.27 6,711,652.93 0.99520358 6,542.27
30-B-2 3,113.98 3,194,603.49 0.99520358 3,113.98
30-B-3 1,869.36 1,917,757.30 0.99520358 1,869.36
30-B-4 1,713.17 1,757,529.52 0.99520358 1,713.17
30-B-5 1,400.81 1,437,073.97 0.99520358 1,400.81
30-B-6 935.36 959,581.58 0.99520391 935.36
Totals 6,496,445.34 389,784,120.06 0.94118992 6,496,445.34
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-A-1 145,430,000.00 958.04875211 0.92851331 15.42206017 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 105,495,000.00 960.75623518 0.92802825 10.28579326 0.00000000
2-A-2 1,066,000.00 960.75623827 0.92803002 10.28579737 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 5,228,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-2 38,861,000.00 900.26175214 1.14927820 57.50915056 0.00000000
3-A-3 2,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-4 2,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 34,348,000.00 973.95751485 3.72588419 2.66171160 0.00000000
5-A-1 54,305,000.00 952.42756928 3.45136415 2.93545364 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 4,719,787.00 980.46152295 1.08969960 6.33453586 0.00000000
15-PO 947,416.00 979.81258497 3.83836667 11.65428914 0.00000000
15-B-1 2,420,000.00 985.60294628 3.64942149 0.00000000 0.00000000
15-B-2 279,000.00 985.60293907 3.64942652 0.00000000 0.00000000
15-B-3 279,000.00 985.60293907 3.64942652 0.00000000 0.00000000
15-B-4 187,000.00 985.60294118 3.64941176 0.00000000 0.00000000
15-B-5 93,000.00 985.60290323 3.64946237 0.00000000 0.00000000
15-B-6 186,199.00 985.60443397 3.64851584 0.00000000 0.00000000
30-B-1 6,744,000.00 996.17366548 0.97008749 0.00000000 0.00000000
30-B-2 3,210,000.00 996.17366667 0.97008723 0.00000000 0.00000000
30-B-3 1,927,000.00 996.17366373 0.97008822 0.00000000 0.00000000
30-B-4 1,766,000.00 996.17366365 0.97008494 0.00000000 0.00000000
30-B-5 1,444,000.00 996.17366343 0.97009003 0.00000000 0.00000000
30-B-6 964,206.00 996.17400224 0.97008316 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-A-1 0.00000000 16.35057347 941.69817871 0.94169818 16.35057347
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 11.21382151 949.54241367 0.94954241 11.21382151
2-A-2 0.00000000 11.21381801 949.54241088 0.94954241 11.21381801
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-2 0.00000000 58.65842876 841.60332338 0.84160332 58.65842876
3-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4-A-1 0.00000000 6.38759608 967.56991877 0.96756992 6.38759608
5-A-1 0.00000000 6.38681779 946.04075150 0.94604075 6.38681779
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 0.00000000 7.42423546 973.03728749 0.97303729 7.42423546
15-PO 0.00000000 15.49265581 964.31992915 0.96431993 15.49265581
15-B-1 0.00000000 3.64942149 981.95352479 0.98195352 3.64942149
15-B-2 0.00000000 3.64942652 981.95351254 0.98195351 3.64942652
15-B-3 0.00000000 3.64942652 981.95351254 0.98195351 3.64942652
15-B-4 0.00000000 3.64941176 981.95352941 0.98195353 3.64941176
15-B-5 0.00000000 3.64946237 981.95354839 0.98195355 3.64946237
15-B-6 0.00000000 3.64851584 981.95597184 0.98195597 3.64851584
30-B-1 0.00000000 0.97008749 995.20357800 0.99520358 0.97008749
30-B-2 0.00000000 0.97008723 995.20357944 0.99520358 0.97008723
30-B-3 0.00000000 0.97008822 995.20358070 0.99520358 0.97008822
30-B-4 0.00000000 0.97008494 995.20357871 0.99520358 0.97008494
30-B-5 0.00000000 0.97009003 995.20358033 0.99520358 0.97009003
30-B-6 0.00000000 0.97008316 995.20390871 0.99520391 0.97008316
<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-A-1 145,430,000.00 6.00000% 139,329,030.02 696,645.15 0.00 0.00
1-A-R 50.00 6.00000% 0.00 0.00 0.00 0.00
1-A-LR 50.00 6.00000% 0.00 0.00 0.00 0.00
2-A-1 105,495,000.00 6.00000% 101,354,979.03 506,774.90 0.00 0.00
2-A-2 1,066,000.00 6.00000% 1,024,166.15 5,120.83 0.00 0.00
CB-IO 0.00 6.00000% 7,561,136.57 37,805.68 0.00 0.00
3-A-1 5,228,000.00 6.00000% 5,228,000.00 26,140.00 0.00 0.00
3-A-2 38,861,000.00 6.00000% 34,985,071.95 174,925.36 0.00 0.00
3-A-3 2,120,000.00 6.00000% 2,120,000.00 10,600.00 0.00 0.00
3-A-4 2,120,000.00 6.00000% 2,120,000.00 10,600.00 0.00 0.00
3-IO 0.00 6.00000% 762,679.84 3,813.40 0.00 0.00
4-A-1 34,348,000.00 5.00000% 33,453,492.72 139,389.55 0.00 0.00
5-A-1 54,305,000.00 5.50000% 51,721,579.15 237,057.24 0.00 0.00
15-IO 0.00 5.00000% 2,717,480.86 11,322.84 0.00 0.00
X-PO 4,719,787.00 0.00000% 4,627,569.55 0.00 0.00 0.00
15-PO 947,416.00 0.00000% 928,290.12 0.00 0.00 0.00
15-B-1 2,420,000.00 5.30428% 2,385,159.13 10,542.96 0.00 0.00
15-B-2 279,000.00 5.30428% 274,983.22 1,215.49 0.00 0.00
15-B-3 279,000.00 5.30428% 274,983.22 1,215.49 0.00 0.00
15-B-4 187,000.00 5.30428% 184,307.75 814.68 0.00 0.00
15-B-5 93,000.00 5.30428% 91,661.07 405.16 0.00 0.00
15-B-6 186,199.00 5.30428% 183,518.56 811.19 0.00 0.00
30-B-1 6,744,000.00 6.00000% 6,718,195.20 33,590.98 0.00 0.00
30-B-2 3,210,000.00 6.00000% 3,197,717.47 15,988.59 0.00 0.00
30-B-3 1,927,000.00 6.00000% 1,919,626.65 9,598.13 0.00 0.00
30-B-4 1,766,000.00 6.00000% 1,759,242.69 8,796.21 0.00 0.00
30-B-5 1,444,000.00 6.00000% 1,438,474.77 7,192.37 0.00 0.00
30-B-6 964,206.00 6.00000% 960,516.95 4,802.58 0.00 0.00
Totals 414,139,708.00 1,955,168.78 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-A-1 0.00 0.00 696,645.15 0.00 136,951,166.13
1-A-R 0.00 0.00 0.26 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 0.00 0.00 506,774.90 0.00 100,171,976.93
2-A-2 0.00 0.00 5,120.83 0.00 1,012,212.21
CB-IO 0.00 0.00 37,805.68 0.00 7,457,987.08
3-A-1 0.00 0.00 26,140.00 0.00 5,228,000.00
3-A-2 0.00 0.00 174,925.36 0.00 32,705,546.75
3-A-3 0.00 0.00 10,600.00 0.00 2,120,000.00
3-A-4 0.00 0.00 10,600.00 0.00 2,120,000.00
3-IO 0.00 0.00 3,813.40 0.00 744,489.42
4-A-1 0.00 0.00 139,389.55 0.00 33,234,091.57
5-A-1 0.00 0.00 237,057.24 0.00 51,374,743.01
15-IO 0.00 0.00 11,322.84 0.00 2,699,834.27
X-PO 0.00 0.00 0.00 0.00 4,592,528.74
15-PO 0.00 0.00 0.00 0.00 913,612.13
15-B-1 0.00 0.00 10,542.96 0.00 2,376,327.53
15-B-2 0.00 0.00 1,215.49 0.00 273,965.03
15-B-3 0.00 0.00 1,215.49 0.00 273,965.03
15-B-4 0.00 0.00 814.68 0.00 183,625.31
15-B-5 0.00 0.00 405.16 0.00 91,321.68
15-B-6 0.00 0.00 811.19 0.00 182,839.22
30-B-1 0.00 0.00 33,590.98 0.00 6,711,652.93
30-B-2 0.00 0.00 15,988.59 0.00 3,194,603.49
30-B-3 0.00 0.00 9,598.13 0.00 1,917,757.30
30-B-4 0.00 0.00 8,796.21 0.00 1,757,529.52
30-B-5 0.00 0.00 7,192.37 0.00 1,437,073.97
30-B-6 0.00 0.00 4,802.58 0.00 959,581.58
Totals 0.00 0.00 1,955,169.04 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-A-1 145,430,000.00 6.00000% 958.04875211 4.79024376 0.00000000 0.00000000
1-A-R 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 105,495,000.00 6.00000% 960.75623518 4.80378122 0.00000000 0.00000000
2-A-2 1,066,000.00 6.00000% 960.75623827 4.80378049 0.00000000 0.00000000
CB-IO 0.00 6.00000% 937.11788224 4.68558906 0.00000000 0.00000000
3-A-1 5,228,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-2 38,861,000.00 6.00000% 900.26175214 4.50130877 0.00000000 0.00000000
3-A-3 2,120,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-A-4 2,120,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-IO 0.00 6.00000% 797.42275188 3.98711460 0.00000000 0.00000000
4-A-1 34,348,000.00 5.00000% 973.95751485 4.05815622 0.00000000 0.00000000
5-A-1 54,305,000.00 5.50000% 952.42756928 4.36529307 0.00000000 0.00000000
15-IO 0.00 5.00000% 944.73458768 3.93639519 0.00000000 0.00000000
X-PO 4,719,787.00 0.00000% 980.46152295 0.00000000 0.00000000 0.00000000
15-PO 947,416.00 0.00000% 979.81258497 0.00000000 0.00000000 0.00000000
15-B-1 2,420,000.00 5.30428% 985.60294628 4.35659504 0.00000000 0.00000000
15-B-2 279,000.00 5.30428% 985.60293907 4.35659498 0.00000000 0.00000000
15-B-3 279,000.00 5.30428% 985.60293907 4.35659498 0.00000000 0.00000000
15-B-4 187,000.00 5.30428% 985.60294118 4.35657754 0.00000000 0.00000000
15-B-5 93,000.00 5.30428% 985.60290323 4.35655914 0.00000000 0.00000000
15-B-6 186,199.00 5.30428% 985.60443397 4.35657549 0.00000000 0.00000000
30-B-1 6,744,000.00 6.00000% 996.17366548 4.98086892 0.00000000 0.00000000
30-B-2 3,210,000.00 6.00000% 996.17366667 4.98086916 0.00000000 0.00000000
30-B-3 1,927,000.00 6.00000% 996.17366373 4.98086663 0.00000000 0.00000000
30-B-4 1,766,000.00 6.00000% 996.17366365 4.98086636 0.00000000 0.00000000
30-B-5 1,444,000.00 6.00000% 996.17366343 4.98086565 0.00000000 0.00000000
30-B-6 964,206.00 6.00000% 996.17400224 4.98086508 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-A-1 0.00000000 0.00000000 4.79024376 0.00000000 941.69817871
1-A-R 0.00000000 0.00000000 5.20000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 4.80378122 0.00000000 949.54241367
2-A-2 0.00000000 0.00000000 4.80378049 0.00000000 949.54241088
CB-IO 0.00000000 0.00000000 4.68558906 0.00000000 924.33366247
3-A-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-A-2 0.00000000 0.00000000 4.50130877 0.00000000 841.60332338
3-A-3 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-A-4 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
3-IO 0.00000000 0.00000000 3.98711460 0.00000000 778.40369039
4-A-1 0.00000000 0.00000000 4.05815622 0.00000000 967.56991877
5-A-1 0.00000000 0.00000000 4.36529307 0.00000000 946.04075150
15-IO 0.00000000 0.00000000 3.93639519 0.00000000 938.59973530
X-PO 0.00000000 0.00000000 0.00000000 0.00000000 973.03728749
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 964.31992915
15-B-1 0.00000000 0.00000000 4.35659504 0.00000000 981.95352479
15-B-2 0.00000000 0.00000000 4.35659498 0.00000000 981.95351254
15-B-3 0.00000000 0.00000000 4.35659498 0.00000000 981.95351254
15-B-4 0.00000000 0.00000000 4.35657754 0.00000000 981.95352941
15-B-5 0.00000000 0.00000000 4.35655914 0.00000000 981.95354839
15-B-6 0.00000000 0.00000000 4.35657549 0.00000000 981.95597184
30-B-1 0.00000000 0.00000000 4.98086892 0.00000000 995.20357800
30-B-2 0.00000000 0.00000000 4.98086916 0.00000000 995.20357944
30-B-3 0.00000000 0.00000000 4.98086663 0.00000000 995.20358070
30-B-4 0.00000000 0.00000000 4.98086636 0.00000000 995.20357871
30-B-5 0.00000000 0.00000000 4.98086565 0.00000000 995.20358033
30-B-6 0.00000000 0.00000000 4.98086508 0.00000000 995.20390871
<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% 4,596,909.14 4,515,520.47 0.00 0.00 92.66971625%
2-IO 6.00000% 2,964,227.43 2,942,466.61 0.00 0.00 92.07299815%
3-IO-1 6.00000% 762,679.84 744,489.42 0.00 0.00 77.84036904%
15-IO-1 5.00000% 781,875.80 778,358.57 0.00 0.00 96.87040778%
15-IO-2 5.00000% 1,935,605.06 1,921,475.70 0.00 0.00 92.69308288%
X-PO-1 0.00000% 0.00 0.00 2,058,250.54 2,045,308.08 97.01974066%
X-PO-2 0.00000% 0.00 0.00 1,242,158.85 1,223,173.20 97.49662835%
X-PO-3 0.00000% 0.00 0.00 1,307,668.17 1,304,783.21 97.58518508%
X-PO-4 0.00000% 0.00 0.00 9,839.86 9,652.06 96.52060000%
X-PO-5 0.00000% 0.00 0.00 9,652.14 9,612.19 96.12190000%
15-PO-4 0.00000% 0.00 0.00 725,001.56 711,165.01 96.52063583%
15-PO-5 0.00000% 0.00 0.00 203,288.57 202,447.12 96.12189065%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 8,535,989.20
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 8,535,989.20
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 84,374.82
Payment of Interest and Principal 8,451,614.38
Total Withdrawals (Pool Distribution Amount) 8,535,989.20
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 82,558.49
Trustee Fee - Wells Fargo Bank, N.A. 1,816.33
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 84,374.82
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 18 1 0 0 19
2,163,024.29 78,708.84 0.00 0.00 2,241,733.13
60 Days 3 0 0 0 3
265,547.88 0.00 0.00 0.00 265,547.88
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 21 1 0 0 22
2,428,572.17 78,708.84 0.00 0.00 2,507,281.01
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 0.635818% 0.035323% 0.000000% 0.000000% 0.671141%
0.554182% 0.020166% 0.000000% 0.000000% 0.574348%
60 Days 0.105970% 0.000000% 0.000000% 0.000000% 0.105970%
0.068035% 0.000000% 0.000000% 0.000000% 0.068035%
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 0.741787% 0.035323% 0.000000% 0.000000% 0.777111%
0.622218% 0.020166% 0.000000% 0.000000% 0.642384%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 - 30 Year Fixed 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 9 0 0 0 9
929,784.55 0.00 0.00 0.00 929,784.55
60 Days 2 0 0 0 2
212,843.00 0.00 0.00 0.00 212,843.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 11 0 0 0 11
1,142,627.55 0.00 0.00 0.00 1,142,627.55
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.750000% 0.000000% 0.000000% 0.000000% 0.750000%
0.633153% 0.000000% 0.000000% 0.000000% 0.633153%
60 Days 0.166667% 0.000000% 0.000000% 0.000000% 0.166667%
0.144939% 0.000000% 0.000000% 0.000000% 0.144939%
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 0.916667% 0.000000% 0.000000% 0.000000% 0.916667%
0.778092% 0.000000% 0.000000% 0.000000% 0.778092%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 - 30 Year Fixed 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 4 0 0 0 4
558,277.72 0.00 0.00 0.00 558,277.72
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 4 0 0 0 4
558,277.72 0.00 0.00 0.00 558,277.72
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.575540% 0.000000% 0.000000% 0.000000% 0.575540%
0.516289% 0.000000% 0.000000% 0.000000% 0.516289%
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 0.575540% 0.000000% 0.000000% 0.000000% 0.575540%
0.516289% 0.000000% 0.000000% 0.000000% 0.516289%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 - 30 Year Fixed 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>
4 - 15 Year Fixed 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 4 1 0 0 5
473,010.86 78,708.84 0.00 0.00 551,719.70
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 4 1 0 0 5
473,010.86 78,708.84 0.00 0.00 551,719.70
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.311475% 0.327869% 0.000000% 0.000000% 1.639344%
1.336332% 0.222365% 0.000000% 0.000000% 1.558697%
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 1.311475% 0.327869% 0.000000% 0.000000% 1.639344%
1.336332% 0.222365% 0.000000% 0.000000% 1.558697%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
5 - 15 Year Fixed 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 1 0 0 0 1
201,951.16 0.00 0.00 0.00 201,951.16
60 Days 1 0 0 0 1
52,704.88 0.00 0.00 0.00 52,704.88
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
254,656.04 0.00 0.00 0.00 254,656.04
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.187266% 0.000000% 0.000000% 0.000000% 0.187266%
0.375304% 0.000000% 0.000000% 0.000000% 0.375304%
60 Days 0.187266% 0.000000% 0.000000% 0.000000% 0.187266%
0.097946% 0.000000% 0.000000% 0.000000% 0.097946%
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 0.374532% 0.000000% 0.000000% 0.000000% 0.374532%
0.473250% 0.000000% 0.000000% 0.000000% 0.473250%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 17,222.72
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.176059%
Weighted Average Pass-Through Rate 5.920560%
Weighted Average Maturity (Stepdown Calculation) 282
Beginning Scheduled Collateral Loan Count 2,854
Number Of Loans Paid In Full 23
Ending Scheduled Collateral Loan Count 2,831
Beginning Scheduled Collateral Balance 396,280,564.97
Ending Scheduled Collateral Balance 389,784,119.48
Ending Actual Collateral Balance at 30-Nov-2004 390,309,024.11
Monthly P &I Constant 2,670,457.98
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 8,123,174.73
Class AP Deferred Amount 0.00
Scheduled Principal 630,914.37
Unscheduled Principal 5,865,531.12
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 30 Year Fixed 3 - 30 Year Fixed
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year
Weighted Average Coupon Rate 6.357645 6.350054 6.187891
Weighted Average Net Rate 6.107645 6.100054 5.937890
Weighted Average Maturity 353 354 353
Beginning Loan Count 1,211 701 100
Loans Paid In Full 11 6 3
Ending Loan Count 1,200 695 97
Beginning Scheduled Balance 149,123,094.04 109,274,727.50 48,365,276.61
Ending scheduled Balance 146,724,790.36 108,055,324.98 46,080,249.67
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 934,828.65 683,987.45 298,123.85
Scheduled Principal 144,768.92 105,737.08 48,724.63
Unscheduled Principal 2,253,534.76 1,113,665.44 2,236,302.31
Scheduled Interest 790,059.73 578,250.37 249,399.22
Servicing Fees 31,067.33 22,765.56 10,076.13
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 683.48 500.86 221.69
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 758,308.92 554,983.95 239,101.40
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 6.102145 6.094554 5.932391
Group Level Collateral Statement
Group 4 - 15 Year Fixed 5 - 15 Year Fixed Total
Collateral Description Fixed 15 Year Fixed 15 Year Mixed Fixed
Weighted Average Coupon Rate 5.262119 5.913033 6.176059
Weighted Average Net Rate 5.012119 5.663033 5.926060
Weighted Average Maturity 174 174 282
Beginning Loan Count 306 536 2,854
Loans Paid In Full 1 2 23
Ending Loan Count 305 534 2,831
Beginning Scheduled Balance 35,517,135.09 54,000,331.73 396,280,564.97
Ending scheduled Balance 35,278,626.27 53,645,128.20 389,784,119.48
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 291,729.16 461,788.87 2,670,457.98
Scheduled Principal 135,982.99 195,700.75 630,914.37
Unscheduled Principal 102,525.83 159,502.78 5,865,531.12
Scheduled Interest 155,746.17 266,088.12 2,039,543.61
Servicing Fees 7,399.41 11,250.06 82,558.49
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 162.79 247.51 1,816.33
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 148,183.97 254,590.55 1,955,168.79
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 5.006619 5.657533 5.920560
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 16.715358%
Subordinate % 5.260138%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.739862%
Group 2 - 30 Year Fixed
CPR 11.577547%
Subordinate % 5.233072%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.766928%
Group 3 - 30 Year Fixed
CPR 43.372593%
Subordinate % 5.534782%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.465218%
Miscellaneous Reporting
Group 4 - 15 Year Fixed
CPR 3.422415%
Subordinate % 3.820335%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.179665%
Group 5 - 15 Year Fixed
CPR 3.499944%
Subordinate % 3.840698%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.159302%
Group