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 2004-11 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-05 54-2163729
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 2004-11
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 2004-11 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 2004-11 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: 12/30/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-11 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 2004-11
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 05948KWS4 SEN 6.00000% 101,671,000.00 508,355.00 1,410,077.67
1-CB-R 05948KWT2 SEN 6.00000% 100.00 0.69 100.00
2-CB-1 05948KWU9 SEN 6.00000% 81,736,000.00 408,680.00 142,417.09
2-CB-2 05948KWV7 SEN 6.00000% 3,406,000.00 17,030.00 5,934.63
CB-IO 05948KXA2 SEN 6.00000% 0.00 10,164.52 0.00
3-A-1 05948KWW5 SEN 5.50000% 13,271,000.00 60,825.42 353,261.75
4-A-1 05948KWX3 SEN 5.50000% 32,308,000.00 148,078.33 195,976.29
15-IO 05948KXB0 SEN 5.50000% 0.00 1,905.80 0.00
X-PO 05948KWY1 PO 0.00000% 3,803,159.00 0.00 4,387.54
15-PO 05948KWZ8 PO 0.00000% 1,254,193.00 0.00 5,658.58
15-B-1 05948KXC8 SUB 5.50000% 918,000.00 4,207.50 3,279.70
15-B-2 05948KXD6 SUB 5.50000% 120,000.00 550.00 428.72
15-B-3 05948KXE4 SUB 5.50000% 169,000.00 774.58 603.78
15-B-4 05948KXM6 SUB 5.50000% 73,000.00 334.58 260.80
15-B-5 05948KXN4 SUB 5.50000% 48,000.00 220.00 171.49
15-B-6 05948KXP9 SUB 5.50000% 72,744.00 333.41 259.89
30-B-1 05948KXF1 SUB 6.00000% 4,502,000.00 22,510.00 4,344.09
30-B-2 05948KXG9 SUB 6.00000% 1,701,000.00 8,505.00 1,641.34
30-B-3 05948KXH7 SUB 6.00000% 1,001,000.00 5,005.00 965.89
30-B-4 05948KXJ3 SUB 6.00000% 900,000.00 4,500.00 868.43
30-B-5 05948KXK0 SUB 6.00000% 601,000.00 3,005.00 579.92
30-B-6 05948KXL8 SUB 6.00000% 800,505.00 4,002.53 772.43
Totals 248,355,701.00 1,208,987.36 2,131,990.03
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 0.00 100,260,922.33 1,918,432.67 0.00
1-CB-R 0.00 0.00 100.69 0.00
2-CB-1 0.00 81,593,582.91 551,097.09 0.00
2-CB-2 0.00 3,400,065.37 22,964.63 0.00
CB-IO 0.00 0.00 10,164.52 0.00
3-A-1 0.00 12,917,738.25 414,087.17 0.00
4-A-1 0.00 32,112,023.71 344,054.62 0.00
15-IO 0.00 0.00 1,905.80 0.00
X-PO 0.00 3,798,771.46 4,387.54 0.00
15-PO 0.00 1,248,534.42 5,658.58 0.00
15-B-1 0.00 914,720.30 7,487.20 0.00
15-B-2 0.00 119,571.28 978.72 0.00
15-B-3 0.00 168,396.22 1,378.36 0.00
15-B-4 0.00 72,739.20 595.38 0.00
15-B-5 0.00 47,828.51 391.49 0.00
15-B-6 0.00 72,484.11 593.30 0.00
30-B-1 0.00 4,497,655.91 26,854.09 0.00
30-B-2 0.00 1,699,358.66 10,146.34 0.00
30-B-3 0.00 1,000,034.11 5,970.89 0.00
30-B-4 0.00 899,131.57 5,368.43 0.00
30-B-5 0.00 600,420.08 3,584.92 0.00
30-B-6 0.00 799,732.57 4,774.96 0.00
Totals 0.00 246,223,710.97 3,340,977.39 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-1 101,671,000.00 101,671,000.00 97,998.94 1,312,078.73 0.00 0.00
1-CB-R 100.00 100.00 6.95 93.05 0.00 0.00
2-CB-1 81,736,000.00 81,736,000.00 78,964.17 63,452.92 0.00 0.00
2-CB-2 3,406,000.00 3,406,000.00 3,290.50 2,644.13 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 13,271,000.00 13,271,000.00 47,827.65 305,434.09 0.00 0.00
4-A-1 32,308,000.00 32,308,000.00 115,010.80 80,965.49 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
X-PO 3,803,159.00 3,803,159.00 3,946.01 441.53 0.00 0.00
15-PO 1,254,193.00 1,254,193.00 4,633.55 1,025.03 0.00 0.00
15-B-1 918,000.00 918,000.00 3,279.70 0.00 0.00 0.00
15-B-2 120,000.00 120,000.00 428.72 0.00 0.00 0.00
15-B-3 169,000.00 169,000.00 603.78 0.00 0.00 0.00
15-B-4 73,000.00 73,000.00 260.80 0.00 0.00 0.00
15-B-5 48,000.00 48,000.00 171.49 0.00 0.00 0.00
15-B-6 72,744.00 72,744.00 259.89 0.00 0.00 0.00
30-B-1 4,502,000.00 4,502,000.00 4,344.09 0.00 0.00 0.00
30-B-2 1,701,000.00 1,701,000.00 1,641.34 0.00 0.00 0.00
30-B-3 1,001,000.00 1,001,000.00 965.89 0.00 0.00 0.00
30-B-4 900,000.00 900,000.00 868.43 0.00 0.00 0.00
30-B-5 601,000.00 601,000.00 579.92 0.00 0.00 0.00
30-B-6 800,505.00 800,505.00 772.43 0.00 0.00 0.00
Totals 248,355,701.00 248,355,701.00 365,855.05 1,766,134.97 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 1,410,077.67 100,260,922.33 0.98613097 1,410,077.67
1-CB-R 100.00 0.00 0.00000000 100.00
2-CB-1 142,417.09 81,593,582.91 0.99825760 142,417.09
2-CB-2 5,934.63 3,400,065.37 0.99825760 5,934.63
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 353,261.75 12,917,738.25 0.97338092 353,261.75
4-A-1 195,976.29 32,112,023.71 0.99393412 195,976.29
15-IO 0.00 0.00 0.00000000 0.00
X-PO 4,387.54 3,798,771.46 0.99884634 4,387.54
15-PO 5,658.58 1,248,534.42 0.99548827 5,658.58
15-B-1 3,279.70 914,720.30 0.99642734 3,279.70
15-B-2 428.72 119,571.28 0.99642733 428.72
15-B-3 603.78 168,396.22 0.99642734 603.78
15-B-4 260.80 72,739.20 0.99642740 260.80
15-B-5 171.49 47,828.51 0.99642729 171.49
15-B-6 259.89 72,484.11 0.99642733 259.89
30-B-1 4,344.09 4,497,655.91 0.99903508 4,344.09
30-B-2 1,641.34 1,699,358.66 0.99903507 1,641.34
30-B-3 965.89 1,000,034.11 0.99903507 965.89
30-B-4 868.43 899,131.57 0.99903508 868.43
30-B-5 579.92 600,420.08 0.99903507 579.92
30-B-6 772.43 799,732.57 0.99903507 772.43
Totals 2,131,990.03 246,223,710.97 0.99141558 2,131,990.03
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-1 101,671,000.00 1000.00000000 0.96388292 12.90514237 0.00000000
1-CB-R 100.00 1000.00000000 69.50000000 930.50000000 0.00000000
2-CB-1 81,736,000.00 1000.00000000 0.96608802 0.77631545 0.00000000
2-CB-2 3,406,000.00 1000.00000000 0.96608925 0.77631533 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 13,271,000.00 1000.00000000 3.60392209 23.01515259 0.00000000
4-A-1 32,308,000.00 1000.00000000 3.55982419 2.50605082 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 3,803,159.00 1000.00000000 1.03756114 0.11609559 0.00000000
15-PO 1,254,193.00 1000.00000000 3.69444735 0.81728251 0.00000000
15-B-1 918,000.00 1000.00000000 3.57265795 0.00000000 0.00000000
15-B-2 120,000.00 1000.00000000 3.57266667 0.00000000 0.00000000
15-B-3 169,000.00 1000.00000000 3.57266272 0.00000000 0.00000000
15-B-4 73,000.00 1000.00000000 3.57260274 0.00000000 0.00000000
15-B-5 48,000.00 1000.00000000 3.57270833 0.00000000 0.00000000
15-B-6 72,744.00 1000.00000000 3.57266579 0.00000000 0.00000000
30-B-1 4,502,000.00 1000.00000000 0.96492448 0.00000000 0.00000000
30-B-2 1,701,000.00 1000.00000000 0.96492651 0.00000000 0.00000000
30-B-3 1,001,000.00 1000.00000000 0.96492507 0.00000000 0.00000000
30-B-4 900,000.00 1000.00000000 0.96492222 0.00000000 0.00000000
30-B-5 601,000.00 1000.00000000 0.96492512 0.00000000 0.00000000
30-B-6 800,505.00 1000.00000000 0.96492839 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 13.86902529 986.13097471 0.98613097 13.86902529
1-CB-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2-CB-1 0.00000000 1.74240347 998.25759653 0.99825760 1.74240347
2-CB-2 0.00000000 1.74240458 998.25759542 0.99825760 1.74240458
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 26.61907543 973.38092457 0.97338092 26.61907543
4-A-1 0.00000000 6.06587502 993.93412498 0.99393412 6.06587502
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 0.00000000 1.15365674 998.84634326 0.99884634 1.15365674
15-PO 0.00000000 4.51172985 995.48827015 0.99548827 4.51172985
15-B-1 0.00000000 3.57265795 996.42734205 0.99642734 3.57265795
15-B-2 0.00000000 3.57266667 996.42733333 0.99642733 3.57266667
15-B-3 0.00000000 3.57266272 996.42733728 0.99642734 3.57266272
15-B-4 0.00000000 3.57260274 996.42739726 0.99642740 3.57260274
15-B-5 0.00000000 3.57270833 996.42729167 0.99642729 3.57270833
15-B-6 0.00000000 3.57266579 996.42733421 0.99642733 3.57266579
30-B-1 0.00000000 0.96492448 999.03507552 0.99903508 0.96492448
30-B-2 0.00000000 0.96492651 999.03507349 0.99903507 0.96492651
30-B-3 0.00000000 0.96492507 999.03507493 0.99903507 0.96492507
30-B-4 0.00000000 0.96492222 999.03507778 0.99903508 0.96492222
30-B-5 0.00000000 0.96492512 999.03507488 0.99903507 0.96492512
30-B-6 0.00000000 0.96492839 999.03507161 0.99903507 0.96492839
<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-1 101,671,000.00 6.00000% 101,671,000.00 508,355.00 0.00 0.00
1-CB-R 100.00 6.00000% 100.00 0.50 0.00 0.00
2-CB-1 81,736,000.00 6.00000% 81,736,000.00 408,680.00 0.00 0.00
2-CB-2 3,406,000.00 6.00000% 3,406,000.00 17,030.00 0.00 0.00
CB-IO 0.00 6.00000% 2,032,904.41 10,164.52 0.00 0.00
3-A-1 13,271,000.00 5.50000% 13,271,000.00 60,825.42 0.00 0.00
4-A-1 32,308,000.00 5.50000% 32,308,000.00 148,078.33 0.00 0.00
15-IO 0.00 5.50000% 415,810.33 1,905.80 0.00 0.00
X-PO 3,803,159.00 0.00000% 3,803,159.00 0.00 0.00 0.00
15-PO 1,254,193.00 0.00000% 1,254,193.00 0.00 0.00 0.00
15-B-1 918,000.00 5.50000% 918,000.00 4,207.50 0.00 0.00
15-B-2 120,000.00 5.50000% 120,000.00 550.00 0.00 0.00
15-B-3 169,000.00 5.50000% 169,000.00 774.58 0.00 0.00
15-B-4 73,000.00 5.50000% 73,000.00 334.58 0.00 0.00
15-B-5 48,000.00 5.50000% 48,000.00 220.00 0.00 0.00
15-B-6 72,744.00 5.50000% 72,744.00 333.41 0.00 0.00
30-B-1 4,502,000.00 6.00000% 4,502,000.00 22,510.00 0.00 0.00
30-B-2 1,701,000.00 6.00000% 1,701,000.00 8,505.00 0.00 0.00
30-B-3 1,001,000.00 6.00000% 1,001,000.00 5,005.00 0.00 0.00
30-B-4 900,000.00 6.00000% 900,000.00 4,500.00 0.00 0.00
30-B-5 601,000.00 6.00000% 601,000.00 3,005.00 0.00 0.00
30-B-6 800,505.00 6.00000% 800,505.00 4,002.53 0.00 0.00
Totals 248,355,701.00 1,208,987.17 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 0.00 508,355.00 0.00 100,260,922.33
1-CB-R 0.00 0.00 0.69 0.00 0.00
2-CB-1 0.00 0.00 408,680.00 0.00 81,593,582.91
2-CB-2 0.00 0.00 17,030.00 0.00 3,400,065.37
CB-IO 0.00 0.00 10,164.52 0.00 1,999,988.23
3-A-1 0.00 0.00 60,825.42 0.00 12,917,738.25
4-A-1 0.00 0.00 148,078.33 0.00 32,112,023.71
15-IO 0.00 0.00 1,905.80 0.00 413,044.96
X-PO 0.00 0.00 0.00 0.00 3,798,771.46
15-PO 0.00 0.00 0.00 0.00 1,248,534.42
15-B-1 0.00 0.00 4,207.50 0.00 914,720.30
15-B-2 0.00 0.00 550.00 0.00 119,571.28
15-B-3 0.00 0.00 774.58 0.00 168,396.22
15-B-4 0.00 0.00 334.58 0.00 72,739.20
15-B-5 0.00 0.00 220.00 0.00 47,828.51
15-B-6 0.00 0.00 333.41 0.00 72,484.11
30-B-1 0.00 0.00 22,510.00 0.00 4,497,655.91
30-B-2 0.00 0.00 8,505.00 0.00 1,699,358.66
30-B-3 0.00 0.00 5,005.00 0.00 1,000,034.11
30-B-4 0.00 0.00 4,500.00 0.00 899,131.57
30-B-5 0.00 0.00 3,005.00 0.00 600,420.08
30-B-6 0.00 0.00 4,002.53 0.00 799,732.57
Totals 0.00 0.00 1,208,987.36 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-1 101,671,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
1-CB-R 100.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
2-CB-1 81,736,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
2-CB-2 3,406,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
CB-IO 0.00 6.00000% 1000.00020168 5.00000000 0.00000000 0.00000000
3-A-1 13,271,000.00 5.50000% 1000.00000000 4.58333358 0.00000000 0.00000000
4-A-1 32,308,000.00 5.50000% 1000.00000000 4.58333323 0.00000000 0.00000000
15-IO 0.00 5.50000% 1000.00079363 4.58334335 0.00000000 0.00000000
X-PO 3,803,159.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
15-PO 1,254,193.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
15-B-1 918,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
15-B-2 120,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
15-B-3 169,000.00 5.50000% 1000.00000000 4.58331361 0.00000000 0.00000000
15-B-4 73,000.00 5.50000% 1000.00000000 4.58328767 0.00000000 0.00000000
15-B-5 48,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
15-B-6 72,744.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
30-B-1 4,502,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-2 1,701,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-3 1,001,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-4 900,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-5 601,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
30-B-6 800,505.00 6.00000% 1000.00000000 5.00000625 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 5.00000000 0.00000000 986.13097471
1-CB-R 0.00000000 0.00000000 6.90000000 0.00000000 0.00000000
2-CB-1 0.00000000 0.00000000 5.00000000 0.00000000 998.25759653
2-CB-2 0.00000000 0.00000000 5.00000000 0.00000000 998.25759542
CB-IO 0.00000000 0.00000000 5.00000000 0.00000000 983.80849760
3-A-1 0.00000000 0.00000000 4.58333358 0.00000000 973.38092457
4-A-1 0.00000000 0.00000000 4.58333323 0.00000000 993.93412498
15-IO 0.00000000 0.00000000 4.58334335 0.00000000 993.35023208
X-PO 0.00000000 0.00000000 0.00000000 0.00000000 998.84634326
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 995.48827015
15-B-1 0.00000000 0.00000000 4.58333333 0.00000000 996.42734205
15-B-2 0.00000000 0.00000000 4.58333333 0.00000000 996.42733333
15-B-3 0.00000000 0.00000000 4.58331361 0.00000000 996.42733728
15-B-4 0.00000000 0.00000000 4.58328767 0.00000000 996.42739726
15-B-5 0.00000000 0.00000000 4.58333333 0.00000000 996.42729167
15-B-6 0.00000000 0.00000000 4.58333333 0.00000000 996.42733421
30-B-1 0.00000000 0.00000000 5.00000000 0.00000000 999.03507552
30-B-2 0.00000000 0.00000000 5.00000000 0.00000000 999.03507349
30-B-3 0.00000000 0.00000000 5.00000000 0.00000000 999.03507493
30-B-4 0.00000000 0.00000000 5.00000000 0.00000000 999.03507778
30-B-5 0.00000000 0.00000000 5.00000000 0.00000000 999.03507488
30-B-6 0.00000000 0.00000000 5.00000625 0.00000000 999.03507161
<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-CB-IO 6.00000% 1,211,343.36 1,180,411.18 0.00 0.00 97.44648543%
2-CB-IO 6.00000% 821,561.05 819,577.04 0.00 0.00 99.75851337%
15-IO-3 5.50000% 104,606.77 104,219.98 0.00 0.00 99.63002476%
15-IO-4 5.50000% 311,203.57 308,824.98 0.00 0.00 99.23586212%
1-X-PO 0.00000% 0.00 0.00 2,048,867.00 2,046,475.37 99.88327061%
2-X-PO 0.00000% 0.00 0.00 1,734,292.00 1,732,393.02 99.89050402%
3-X-PO 0.00000% 0.00 0.00 10,000.00 9,944.28 99.44280000%
4-X-PO 0.00000% 0.00 0.00 10,000.00 9,958.79 99.58790000%
15-PO-1 0.00000% 0.00 0.00 337,661.00 335,779.70 99.44284356%
15-PO-2 0.00000% 0.00 0.00 916,532.00 912,754.72 99.58787255%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,394,891.24
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 3,394,891.24
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 53,913.85
Payment of Interest and Principal 3,340,977.39
Total Withdrawals (Pool Distribution Amount) 3,394,891.24
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 51,740.73
Trustee Fee: Wells Fargo Bank, N.A. 2,173.12
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 53,913.85
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 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
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 0.000000% 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%
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 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>
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%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 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 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.102061%
Weighted Average Pass-Through Rate 5.841558%
Weighted Average Maturity(Stepdown Calculation ) 358
Beginning Scheduled Collateral Loan Count 1,873
Number Of Loans Paid In Full 7
Ending Scheduled Collateral Loan Count 1,866
Beginning Scheduled Collateral Balance 248,355,701.00
Ending Scheduled Collateral Balance 246,223,712.17
Ending Actual Collateral Balance at 30-Nov-2004 246,502,072.90
Monthly P &I Constant 1,628,756.45
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 3,252,760.88
Class AP Deferred Amount 0.00
Scheduled Principal 365,855.03
Unscheduled Principal 1,766,134.98
Group 2 Senior % 95.157836%
Group 3 Senior % 97.020623%
Group 4 Senior % 97.017497%
Group 1 Senior % 95.158363%
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 6.214355 6.200458 5.665196
Weighted Average Net Rate 5.964353 5.950458 5.415196
Weighted Average Maturity 358 359 178
Beginning Loan Count 842 608 68
Loans Paid In Full 3 1 1
Ending Loan Count 839 607 67
Beginning Scheduled Balance 108,892,970.42 91,208,794.09 14,026,196.15
Ending scheduled Balance 107,475,414.60 91,054,357.82 13,669,528.66
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 669,009.70 559,491.54 116,801.52
Scheduled Principal 105,093.43 88,211.28 50,583.89
Unscheduled Principal 1,312,462.39 66,224.99 306,083.60
Scheduled Interest 563,916.27 471,280.26 66,217.63
Servicing Fees 22,686.03 19,001.82 2,922.10
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 952.82 798.08 122.73
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 540,277.42 451,480.36 63,172.80
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 5.953851 5.939957 5.404693
Group Level Collateral Statement
Group 4 Total
Collateral Description Fixed 15 & 30 Year Mixed Fixed
Weighted Average Coupon Rate 5.661627 6.102061
Weighted Average Net Rate 5.411625 5.852060
Weighted Average Maturity 179 358
Beginning Loan Count 355 1,873
Loans Paid In Full 2 7
Ending Loan Count 353 1,866
Beginning Scheduled Balance 34,227,741.52 248,355,702.18
Ending scheduled Balance 34,024,411.09 246,223,712.17
Record Date 11/30/2004 11/30/2004
Principal And Interest Constant 283,453.69 1,628,756.45
Scheduled Principal 121,966.43 365,855.03
Unscheduled Principal 81,364.00 1,766,134.98
Scheduled Interest 161,487.26 1,262,901.42
Servicing Fees 7,130.78 51,740.73
Master Servicing Fees 0.00 0.00
Trustee Fee 299.49 2,173.12
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 154,056.99 1,208,987.57
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.401121 5.841558
Miscellaneous Reporting
Group 1
CPR 13.554273%
Subordinate % 4.841637%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Group 2
CPR 0.868663%
Subordinate % 4.842164%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Group 3
CPR 23.335843%
Subordinate % 297.937520%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Miscellaneous Reporting
Group 4
CPR 2.825499%
Subordinate % 2.982502%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%