UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 27, 2004
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2004-K Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-06 54-2163727
Pooling and Servicing Agreement) (Commission 54-2163728
(State or other File Number) IRS EIN
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
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2004-K
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-K Trust, relating to the
December 27, 2004 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2004-K 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: 12/29/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-K Trust,
relating to the December 27, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 11/30/2004
Distribution Date: 12/27/2004
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series 2004-K
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1A1 05949AXD7 SEN 3.96181% 42,854,000.00 141,482.86 864,165.79
1A2 05949AXE5 SEN 4.46181% 50,000,000.00 185,908.78 1,008,267.36
1AR 05949AXF2 SEN 4.23105% 50.00 0.18 50.00
1ALR 05949AZA1 SEN 4.23105% 50.00 1.14 50.00
2A1 05949AXG0 SEN 4.44669% 167,000,000.00 618,831.64 1,295,674.15
2A2 05949AXH8 SEN 4.80969% 213,603,000.00 856,137.63 1,657,244.82
3A1 05949AXJ4 SEN 5.18035% 36,964,000.00 159,572.18 23,799.47
3A2 05949AXK1 SEN 5.18035% 20,000,000.00 86,339.24 12,877.11
3A3 05949AXL9 SEN 5.18035% 362,000.00 1,562.74 233.08
4A1 05949AXM7 SEN 5.20058% 57,098,000.00 247,452.05 466,073.41
1IO 05949AXR6 SEN 0.23076% 0.00 18,513.14 0.00
2IO 05949AXS4 SEN 0.15928% 0.00 52,376.95 0.00
4IO 05949AXT2 SEN 0.13300% 0.00 6,561.30 0.00
B1 05949AXN5 SUB 4.68932% 10,973,000.00 42,879.87 5,184.09
B2 05949AXP0 SUB 4.68932% 4,267,000.00 16,674.42 2,015.90
B3 05949AXQ8 SUB 4.68932% 2,133,000.00 8,335.26 1,007.71
B4 05949AXU9 SUB 4.68932% 1,829,000.00 7,147.30 864.09
B5 05949AXV7 SUB 4.68932% 914,000.00 3,571.69 431.81
B6 05949AXW5 SUB 4.68932% 1,524,151.00 5,956.02 720.07
Totals 609,521,251.00 2,459,304.39 5,338,658.86
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 41,989,834.21 1,005,648.65 0.00
1A2 0.00 48,991,732.64 1,194,176.14 0.00
1AR 0.00 0.00 50.18 0.00
1ALR 0.00 0.00 51.14 0.00
2A1 0.00 165,704,325.85 1,914,505.79 0.00
2A2 0.00 211,945,755.18 2,513,382.45 0.00
3A1 0.00 36,940,200.53 183,371.65 0.00
3A2 0.00 19,987,122.89 99,216.35 0.00
3A3 0.00 361,766.92 1,795.82 0.00
4A1 0.00 56,631,926.59 713,525.46 0.00
1IO 0.00 0.00 18,513.14 0.00
2IO 0.00 0.00 52,376.95 0.00
4IO 0.00 0.00 6,561.30 0.00
B1 0.00 10,967,815.91 48,063.96 0.00
B2 0.00 4,264,984.10 18,690.32 0.00
B3 0.00 2,131,992.29 9,342.97 0.00
B4 0.00 1,828,135.91 8,011.39 0.00
B5 0.00 913,568.19 4,003.50 0.00
B6 0.00 1,523,430.93 6,676.09 0.00
Totals 0.00 604,182,592.14 7,797,963.25 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>
1A1 42,854,000.00 42,854,000.00 27,195.59 836,970.20 0.00 0.00
1A2 50,000,000.00 50,000,000.00 31,730.52 976,536.85 0.00 0.00
1AR 50.00 50.00 1.57 48.43 0.00 0.00
1ALR 50.00 50.00 1.57 48.43 0.00 0.00
2A1 167,000,000.00 167,000,000.00 70,124.85 1,225,549.30 0.00 0.00
2A2 213,603,000.00 213,603,000.00 89,693.88 1,567,550.93 0.00 0.00
3A1 36,964,000.00 36,964,000.00 23,363.95 435.52 0.00 0.00
3A2 20,000,000.00 20,000,000.00 12,641.46 235.65 0.00 0.00
3A3 362,000.00 362,000.00 228.81 4.27 0.00 0.00
4A1 57,098,000.00 57,098,000.00 22,753.60 443,319.81 0.00 0.00
1IO 0.00 0.00 0.00 0.00 0.00 0.00
2IO 0.00 0.00 0.00 0.00 0.00 0.00
4IO 0.00 0.00 0.00 0.00 0.00 0.00
B1 10,973,000.00 10,973,000.00 5,184.09 0.00 0.00 0.00
B2 4,267,000.00 4,267,000.00 2,015.90 0.00 0.00 0.00
B3 2,133,000.00 2,133,000.00 1,007.71 0.00 0.00 0.00
B4 1,829,000.00 1,829,000.00 864.09 0.00 0.00 0.00
B5 914,000.00 914,000.00 431.81 0.00 0.00 0.00
B6 1,524,151.00 1,524,151.00 720.07 0.00 0.00 0.00
Totals 609,521,251.00 609,521,251.00 287,959.47 5,050,699.39 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>
1A1 864,165.79 41,989,834.21 0.97983465 864,165.79
1A2 1,008,267.36 48,991,732.64 0.97983465 1,008,267.36
1AR 50.00 0.00 0.00000000 50.00
1ALR 50.00 0.00 0.00000000 50.00
2A1 1,295,674.15 165,704,325.85 0.99224147 1,295,674.15
2A2 1,657,244.82 211,945,755.18 0.99224147 1,657,244.82
3A1 23,799.47 36,940,200.53 0.99935614 23,799.47
3A2 12,877.11 19,987,122.89 0.99935614 12,877.11
3A3 233.08 361,766.92 0.99935613 233.08
4A1 466,073.41 56,631,926.59 0.99183731 466,073.41
1IO 0.00 0.00 0.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
4IO 0.00 0.00 0.00000000 0.00
B1 5,184.09 10,967,815.91 0.99952756 5,184.09
B2 2,015.90 4,264,984.10 0.99952756 2,015.90
B3 1,007.71 2,131,992.29 0.99952756 1,007.71
B4 864.09 1,828,135.91 0.99952756 864.09
B5 431.81 913,568.19 0.99952756 431.81
B6 720.07 1,523,430.93 0.99952756 720.07
Totals 5,338,658.86 604,182,592.14 0.99124123 5,338,658.86
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>
1A1 42,854,000.00 1000.00000000 0.63461030 19.53073692 0.00000000
1A2 50,000,000.00 1000.00000000 0.63461040 19.53073700 0.00000000
1AR 50.00 1000.00000000 31.40000000 968.60000000 0.00000000
1ALR 50.00 1000.00000000 31.40000000 968.60000000 0.00000000
2A1 167,000,000.00 1000.00000000 0.41990928 7.33861856 0.00000000
2A2 213,603,000.00 1000.00000000 0.41990927 7.33861851 0.00000000
3A1 36,964,000.00 1000.00000000 0.63207310 0.01178227 0.00000000
3A2 20,000,000.00 1000.00000000 0.63207300 0.01178250 0.00000000
3A3 362,000.00 1000.00000000 0.63207182 0.01179558 0.00000000
4A1 57,098,000.00 1000.00000000 0.39850082 7.76419157 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 10,973,000.00 1000.00000000 0.47244054 0.00000000 0.00000000
B2 4,267,000.00 1000.00000000 0.47243965 0.00000000 0.00000000
B3 2,133,000.00 1000.00000000 0.47243788 0.00000000 0.00000000
B4 1,829,000.00 1000.00000000 0.47243849 0.00000000 0.00000000
B5 914,000.00 1000.00000000 0.47243982 0.00000000 0.00000000
B6 1,524,151.00 1000.00000000 0.47244007 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>
1A1 0.00000000 20.16534723 979.83465277 0.97983465 20.16534723
1A2 0.00000000 20.16534720 979.83465280 0.97983465 20.16534720
1AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
1ALR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2A1 0.00000000 7.75852784 992.24147216 0.99224147 7.75852784
2A2 0.00000000 7.75852783 992.24147217 0.99224147 7.75852783
3A1 0.00000000 0.64385537 999.35614463 0.99935614 0.64385537
3A2 0.00000000 0.64385550 999.35614450 0.99935614 0.64385550
3A3 0.00000000 0.64386740 999.35613260 0.99935613 0.64386740
4A1 0.00000000 8.16269239 991.83730761 0.99183731 8.16269239
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.47244054 999.52755946 0.99952756 0.47244054
B2 0.00000000 0.47243965 999.52756035 0.99952756 0.47243965
B3 0.00000000 0.47243788 999.52756212 0.99952756 0.47243788
B4 0.00000000 0.47243849 999.52756151 0.99952756 0.47243849
B5 0.00000000 0.47243982 999.52756018 0.99952756 0.47243982
B6 0.00000000 0.47244007 999.52755993 0.99952756 0.47244007
<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>
1A1 42,854,000.00 3.96181% 42,854,000.00 141,482.86 0.00 0.00
1A2 50,000,000.00 4.46181% 50,000,000.00 185,908.78 0.00 0.00
1AR 50.00 4.23105% 50.00 0.18 0.00 0.00
1ALR 50.00 4.23105% 50.00 0.18 0.00 0.00
2A1 167,000,000.00 4.44669% 167,000,000.00 618,831.64 0.00 0.00
2A2 213,603,000.00 4.80969% 213,603,000.00 856,137.63 0.00 0.00
3A1 36,964,000.00 5.18035% 36,964,000.00 159,572.18 0.00 0.00
3A2 20,000,000.00 5.18035% 20,000,000.00 86,339.24 0.00 0.00
3A3 362,000.00 5.18035% 362,000.00 1,562.74 0.00 0.00
4A1 57,098,000.00 5.20058% 57,098,000.00 247,452.05 0.00 0.00
1IO 0.00 0.23076% 96,271,775.00 18,513.14 0.00 0.00
2IO 0.00 0.15928% 394,612,731.00 52,376.95 0.00 0.00
4IO 0.00 0.13300% 59,199,740.00 6,561.30 0.00 0.00
B1 10,973,000.00 4.68932% 10,973,000.00 42,879.87 0.00 0.00
B2 4,267,000.00 4.68932% 4,267,000.00 16,674.42 0.00 0.00
B3 2,133,000.00 4.68932% 2,133,000.00 8,335.26 0.00 0.00
B4 1,829,000.00 4.68932% 1,829,000.00 7,147.30 0.00 0.00
B5 914,000.00 4.68932% 914,000.00 3,571.69 0.00 0.00
B6 1,524,151.00 4.68932% 1,524,151.00 5,956.02 0.00 0.00
Totals 609,521,251.00 2,459,303.43 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>
1A1 0.00 0.00 141,482.86 0.00 41,989,834.21
1A2 0.00 0.00 185,908.78 0.00 48,991,732.64
1AR 0.00 0.00 0.18 0.00 0.00
1ALR 0.00 0.00 1.14 0.00 0.00
2A1 0.00 0.00 618,831.64 0.00 165,704,325.85
2A2 0.00 0.00 856,137.63 0.00 211,945,755.18
3A1 0.00 0.00 159,572.18 0.00 36,940,200.53
3A2 0.00 0.00 86,339.24 0.00 19,987,122.89
3A3 0.00 0.00 1,562.74 0.00 361,766.92
4A1 0.00 0.00 247,452.05 0.00 56,631,926.59
1IO 0.00 0.00 18,513.14 0.00 94,397,073.30
2IO 0.00 0.00 52,376.95 0.00 391,653,929.54
4IO 0.00 0.00 6,561.30 0.00 58,732,829.05
B1 0.00 0.00 42,879.87 0.00 10,967,815.91
B2 0.00 0.00 16,674.42 0.00 4,264,984.10
B3 0.00 0.00 8,335.26 0.00 2,131,992.29
B4 0.00 0.00 7,147.30 0.00 1,828,135.91
B5 0.00 0.00 3,571.69 0.00 913,568.19
B6 0.00 0.00 5,956.02 0.00 1,523,430.93
Totals 0.00 0.00 2,459,304.39 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>
1A1 42,854,000.00 3.96181% 1000.00000000 3.30150884 0.00000000 0.00000000
1A2 50,000,000.00 4.46181% 1000.00000000 3.71817560 0.00000000 0.00000000
1AR 50.00 4.23105% 1000.00000000 3.60000000 0.00000000 0.00000000
1ALR 50.00 4.23105% 1000.00000000 3.60000000 0.00000000 0.00000000
2A1 167,000,000.00 4.44669% 1000.00000000 3.70557868 0.00000000 0.00000000
2A2 213,603,000.00 4.80969% 1000.00000000 4.00807868 0.00000000 0.00000000
3A1 36,964,000.00 5.18035% 1000.00000000 4.31696191 0.00000000 0.00000000
3A2 20,000,000.00 5.18035% 1000.00000000 4.31696200 0.00000000 0.00000000
3A3 362,000.00 5.18035% 1000.00000000 4.31696133 0.00000000 0.00000000
4A1 57,098,000.00 5.20058% 1000.00000000 4.33381292 0.00000000 0.00000000
1IO 0.00 0.23076% 1000.00000000 0.19230081 0.00000000 0.00000000
2IO 0.00 0.15928% 1000.00000000 0.13273001 0.00000000 0.00000000
4IO 0.00 0.13300% 1000.00000000 0.11083326 0.00000000 0.00000000
B1 10,973,000.00 4.68932% 1000.00000000 3.90776178 0.00000000 0.00000000
B2 4,267,000.00 4.68932% 1000.00000000 3.90776189 0.00000000 0.00000000
B3 2,133,000.00 4.68932% 1000.00000000 3.90776371 0.00000000 0.00000000
B4 1,829,000.00 4.68932% 1000.00000000 3.90776381 0.00000000 0.00000000
B5 914,000.00 4.68932% 1000.00000000 3.90775711 0.00000000 0.00000000
B6 1,524,151.00 4.68932% 1000.00000000 3.90776242 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>
1A1 0.00000000 0.00000000 3.30150884 0.00000000 979.83465277
1A2 0.00000000 0.00000000 3.71817560 0.00000000 979.83465280
1AR 0.00000000 0.00000000 3.60000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 22.80000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.70557868 0.00000000 992.24147216
2A2 0.00000000 0.00000000 4.00807868 0.00000000 992.24147217
3A1 0.00000000 0.00000000 4.31696191 0.00000000 999.35614463
3A2 0.00000000 0.00000000 4.31696200 0.00000000 999.35614450
3A3 0.00000000 0.00000000 4.31696133 0.00000000 999.35613260
4A1 0.00000000 0.00000000 4.33381292 0.00000000 991.83730761
1IO 0.00000000 0.00000000 0.19230081 0.00000000 980.52698519
2IO 0.00000000 0.00000000 0.13273001 0.00000000 992.50201216
4IO 0.00000000 0.00000000 0.11083326 0.00000000 992.11295607
B1 0.00000000 0.00000000 3.90776178 0.00000000 999.52755946
B2 0.00000000 0.00000000 3.90776189 0.00000000 999.52756035
B3 0.00000000 0.00000000 3.90776371 0.00000000 999.52756212
B4 0.00000000 0.00000000 3.90776381 0.00000000 999.52756151
B5 0.00000000 0.00000000 3.90775711 0.00000000 999.52756018
B6 0.00000000 0.00000000 3.90776242 0.00000000 999.52755993
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 7,936,752.93
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 7,936,752.93
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 138,789.68
Payment of Interest and Principal 7,797,963.25
Total Withdrawals (Pool Distribution Amount) 7,936,752.93
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 137,011.91
Trustee Fee - Wells Fargo Bank, N.A. 1,777.77
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 138,789.68
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 ARM
Weighted Average Gross Coupon 5.115018%
Weighted Average Net Coupon 4.845275%
Weighted Average Pass-Through Rate 4.841775%
Weighted Average Maturity(Stepdown Calculation ) 358
Beginning Scheduled Collateral Loan Count 1,221
Number Of Loans Paid In Full 7
Ending Scheduled Collateral Loan Count 1,214
Beginning Scheduled Collateral Balance 609,521,251.00
Ending Scheduled Collateral Balance 604,182,592.56
Ending Actual Collateral Balance at 30-Nov-2004 604,413,384.96
Monthly P &I Constant 2,886,053.10
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 287,959.48
Unscheduled Principal 5,050,699.37
Ancilliary Fees 220.07
Miscellaneous Reporting
Total Senior Percentage 96.449648%
Aggregate Subordinate Percentage 3.550352%
Group Level Collateral Statement
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 4.840311 5.063195 5.433855
Weighted Average Net Rate 4.465311 4.813195 5.183855
Weighted Average Maturity 358 358 358
Beginning Loan Count 188 814 110
Loans Paid In Full 3 3 0
Ending Loan Count 185 811 110
Beginning Scheduled Balance 96,271,775.46 394,612,731.32 59,437,004.63
Ending scheduled Balance 94,397,073.30 391,653,929.54 59,398,760.67
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 449,419.40 1,830,702.67 306,711.93
Scheduled Principal 61,098.26 165,701.55 37,568.53
Unscheduled Principal 1,813,603.90 2,793,100.23 675.43
Scheduled Interest 388,321.14 1,665,001.12 269,143.40
Servicing Fees 30,084.93 82,210.99 12,382.71
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 280.79 1,150.95 173.36
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 357,955.42 1,581,639.18 256,587.33
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 4.461811 4.809695 5.180355
Group Level Collateral Statement
Group 4 Total
Collateral Description 7 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 5.587078 5.115018
Weighted Average Net Rate 5.337078 4.845275
Weighted Average Maturity 358 358
Beginning Loan Count 109 1,221
Loans Paid In Full 1 7
Ending Loan Count 108 1,214
Beginning Scheduled Balance 59,199,740.00 609,521,251.41
Ending scheduled Balance 58,732,829.05 604,182,592.56
Record Date 11/30/2004 11/30/2004
Principal And Interest Constant 299,219.10 2,886,053.10
Scheduled Principal 23,591.14 287,959.48
Unscheduled Principal 443,319.81 5,050,699.37
Scheduled Interest 275,627.96 2,598,093.62
Servicing Fees 12,333.28 137,011.91
Master Servicing Fees 0.00 0.00
Trustee Fee 172.67 1,777.77
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 263,122.01 2,459,303.94
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 5.333578 4.841775
Miscellaneous Reporting
Group 1
CPR 20.416489%
Subordinate Percentage 3.550028%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.449972%
Group 2
CPR 8.174019%
Subordinate Percentage 3.550248%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.449752%
Group 3
CPR 0.013644%
Subordinate Percentage 3.551667%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.448333%
Miscellaneous Reporting
Group 4
CPR 8.628518%
Subordinate Percentage 3.550252%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.449748%