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-C Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-28
Pooling and Servicing Agreement) (Commission 54-2147335
(State or other File Number) 54-2147336
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On December 27, 2004 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2004-C
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-C 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-C 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: 12/29/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2004-C Trust,
relating to the December 27, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 11/30/04
Distribution Date: 12/27/04
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series 2004-C
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1-A-1 05948X5P2 SEN 3.40520% 49,015,178.28 139,088.64 1,271,013.01
1-AR 05948X5Q0 SEN 3.45040% 0.00 0.00 0.00
1-A-LR 05948X5R8 SEN 3.45040% 0.00 0.12 0.00
2-A-1 05948X5S6 SEN 3.73712% 394,940,235.54 1,229,949.78 6,231,309.18
2-A-2 05948X5T4 SEN 4.05012% 138,074,083.72 466,014.04 2,178,512.67
3-A-1 05948X5U1 SEN 4.26262% 26,343,001.48 93,575.19 41,615.43
B-1 05948X5V9 SUB 3.79441% 9,412,485.18 29,762.38 5,675.04
B-2 05948X5W7 SUB 3.79441% 4,343,917.65 13,735.51 2,619.06
B-3 05948X5X5 SUB 3.79441% 1,810,629.29 5,725.23 1,091.68
B-4 05948X6B2 SUB 3.79441% 1,809,633.89 5,722.08 1,091.08
B-5 05948X6C0 SUB 3.79441% 1,447,308.95 4,576.41 872.62
B-6 05948X6D8 SUB 3.79441% 1,086,878.26 3,436.72 655.31
1-IO 05948X6E6 SEN 0.53000% 0.00 22,524.02 0.00
2-IO 05948X5Z0 SEN 0.46792% 0.00 214,527.58 0.00
3-IO 05948X6A4 SEN 0.80700% 0.00 18,237.95 0.00
SES 05948X5Y3 SEN 0.00000% 0.00 111,662.76 0.00
Totals 628,283,352.24 2,358,538.41 9,734,455.08
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 47,744,165.27 1,410,101.65 0.00
1-AR 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.12 0.00
2-A-1 0.00 388,708,926.36 7,461,258.96 0.00
2-A-2 0.00 135,895,571.06 2,644,526.71 0.00
3-A-1 0.00 26,301,386.04 135,190.62 0.00
B-1 0.00 9,406,810.14 35,437.42 0.00
B-2 0.00 4,341,298.59 16,354.57 0.00
B-3 0.00 1,809,537.61 6,816.91 0.00
B-4 0.00 1,808,542.81 6,813.16 0.00
B-5 0.00 1,446,436.33 5,449.03 0.00
B-6 0.00 1,086,222.95 4,092.03 0.00
1-IO 0.00 0.00 22,524.02 0.00
2-IO 0.00 0.00 214,527.58 0.00
3-IO 0.00 0.00 18,237.95 0.00
SES 0.00 0.00 111,662.76 0.00
Totals 0.00 618,548,897.16 12,092,993.49 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 70,907,000.00 49,015,178.28 76,748.54 1,194,264.47 0.00 0.00
1-AR 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-1 451,000,000.00 394,940,235.54 181,909.44 6,049,399.74 0.00 0.00
2-A-2 157,673,000.00 138,074,083.72 63,596.91 2,114,915.76 0.00 0.00
3-A-1 27,733,000.00 26,343,001.48 33,932.09 7,683.34 0.00 0.00
B-1 9,456,000.00 9,412,485.18 5,675.04 0.00 0.00 0.00
B-2 4,364,000.00 4,343,917.65 2,619.06 0.00 0.00 0.00
B-3 1,819,000.00 1,810,629.29 1,091.68 0.00 0.00 0.00
B-4 1,818,000.00 1,809,633.89 1,091.08 0.00 0.00 0.00
B-5 1,454,000.00 1,447,308.95 872.62 0.00 0.00 0.00
B-6 1,091,903.00 1,086,878.26 655.31 0.00 0.00 0.00
1-IO 0.00 0.00 0.00 0.00 0.00 0.00
2-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-IO 0.00 0.00 0.00 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 727,316,003.00 628,283,352.24 368,191.77 9,366,263.31 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 1,271,013.01 47,744,165.27 0.67333501 1,271,013.01
1-AR 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 6,231,309.18 388,708,926.36 0.86188232 6,231,309.18
2-A-2 2,178,512.67 135,895,571.06 0.86188232 2,178,512.67
3-A-1 41,615.43 26,301,386.04 0.94837868 41,615.43
B-1 5,675.04 9,406,810.14 0.99479803 5,675.04
B-2 2,619.06 4,341,298.59 0.99479803 2,619.06
B-3 1,091.68 1,809,537.61 0.99479803 1,091.68
B-4 1,091.08 1,808,542.81 0.99479803 1,091.08
B-5 872.62 1,446,436.33 0.99479803 872.62
B-6 655.31 1,086,222.95 0.99479803 655.31
1-IO 0.00 0.00 0.00000000 0.00
2-IO 0.00 0.00 0.00000000 0.00
3-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 9,734,455.08 618,548,897.16 0.85045413 9,734,455.08
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 70,907,000.00 691.26007700 1.08238312 16.84268789 0.00000000
1-AR 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-1 451,000,000.00 875.69897016 0.40334687 13.41330319 0.00000000
2-A-2 157,673,000.00 875.69897015 0.40334686 13.41330323 0.00000000
3-A-1 27,733,000.00 949.87925864 1.22352757 0.27704684 0.00000000
B-1 9,456,000.00 995.39817893 0.60015228 0.00000000 0.00000000
B-2 4,364,000.00 995.39817828 0.60015124 0.00000000 0.00000000
B-3 1,819,000.00 995.39818032 0.60015393 0.00000000 0.00000000
B-4 1,818,000.00 995.39817932 0.60015402 0.00000000 0.00000000
B-5 1,454,000.00 995.39817744 0.60015131 0.00000000 0.00000000
B-6 1,091,903.00 995.39818097 0.60015404 0.00000000 0.00000000
1-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 17.92507101 673.33500599 0.67333501 17.92507101
1-AR 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 13.81665007 861.88232009 0.86188232 13.81665007
2-A-2 0.00000000 13.81665009 861.88232012 0.86188232 13.81665009
3-A-1 0.00000000 1.50057441 948.37868388 0.94837868 1.50057441
B-1 0.00000000 0.60015228 994.79802665 0.99479803 0.60015228
B-2 0.00000000 0.60015124 994.79802704 0.99479803 0.60015124
B-3 0.00000000 0.60015393 994.79802639 0.99479803 0.60015393
B-4 0.00000000 0.60015402 994.79802530 0.99479803 0.60015402
B-5 0.00000000 0.60015131 994.79802613 0.99479803 0.60015131
B-6 0.00000000 0.60015404 994.79802693 0.99479803 0.60015404
1-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A-1 70,907,000.00 3.40520% 49,015,178.28 139,088.63 0.00 0.00
1-AR 50.00 3.45040% 0.00 0.00 0.00 0.00
1-A-LR 50.00 3.45040% 0.00 0.00 0.00 0.00
2-A-1 451,000,000.00 3.73712% 394,940,235.54 1,229,949.76 0.00 0.00
2-A-2 157,673,000.00 4.05012% 138,074,083.72 466,014.03 0.00 0.00
3-A-1 27,733,000.00 4.26262% 26,343,001.48 93,575.19 0.00 0.00
B-1 9,456,000.00 3.79441% 9,412,485.18 29,762.38 0.00 0.00
B-2 4,364,000.00 3.79441% 4,343,917.65 13,735.51 0.00 0.00
B-3 1,819,000.00 3.79441% 1,810,629.29 5,725.23 0.00 0.00
B-4 1,818,000.00 3.79441% 1,809,633.89 5,722.08 0.00 0.00
B-5 1,454,000.00 3.79441% 1,447,308.95 4,576.41 0.00 0.00
B-6 1,091,903.00 3.79441% 1,086,878.26 3,436.72 0.00 0.00
1-IO 0.00 0.53000% 50,997,785.31 22,524.02 0.00 0.00
2-IO 0.00 0.46792% 550,165,937.13 214,527.58 0.00 0.00
3-IO 0.00 0.80700% 27,119,630.22 18,237.95 0.00 0.00
SES 0.00 0.00000% 628,283,352.66 0.00 0.00 0.00
Totals 727,316,003.00 2,246,875.49 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-A-1 0.00 0.00 139,088.64 0.00 47,744,165.27
1-AR 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.12 0.00 0.00
2-A-1 (0.02) 0.00 1,229,949.78 0.00 388,708,926.36
2-A-2 (0.01) 0.00 466,014.04 0.00 135,895,571.06
3-A-1 0.00 0.00 93,575.19 0.00 26,301,386.04
B-1 0.00 0.00 29,762.38 0.00 9,406,810.14
B-2 0.00 0.00 13,735.51 0.00 4,341,298.59
B-3 0.00 0.00 5,725.23 0.00 1,809,537.61
B-4 0.00 0.00 5,722.08 0.00 1,808,542.81
B-5 0.00 0.00 4,576.41 0.00 1,446,436.33
B-6 0.00 0.00 3,436.72 0.00 1,086,222.95
1-IO 0.00 0.00 22,524.02 0.00 49,723,667.91
2-IO 0.00 0.00 214,527.58 0.00 541,748,215.25
3-IO 0.00 0.00 18,237.95 0.00 27,077,014.42
SES 0.00 0.00 111,662.76 0.00 618,548,897.58
Totals (0.03) 0.00 2,358,538.41 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 70,907,000.00 3.40520% 691.26007700 1.96156416 0.00000000 0.00000000
1-AR 50.00 3.45040% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 3.45040% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 451,000,000.00 3.73712% 875.69897016 2.72716133 0.00000000 0.00000000
2-A-2 157,673,000.00 4.05012% 875.69897015 2.95557280 0.00000000 0.00000000
3-A-1 27,733,000.00 4.26262% 949.87925864 3.37414596 0.00000000 0.00000000
B-1 9,456,000.00 3.79441% 995.39817893 3.14745981 0.00000000 0.00000000
B-2 4,364,000.00 3.79441% 995.39817828 3.14745875 0.00000000 0.00000000
B-3 1,819,000.00 3.79441% 995.39818032 3.14746014 0.00000000 0.00000000
B-4 1,818,000.00 3.79441% 995.39817932 3.14745875 0.00000000 0.00000000
B-5 1,454,000.00 3.79441% 995.39817744 3.14746217 0.00000000 0.00000000
B-6 1,091,903.00 3.79441% 995.39818097 3.14745907 0.00000000 0.00000000
1-IO 0.00 0.53000% 699.43161842 0.30891561 0.00000000 0.00000000
2-IO 0.00 0.46792% 879.02018853 0.34275854 0.00000000 0.00000000
3-IO 0.00 0.80700% 950.98599764 0.63953804 0.00000000 0.00000000
SES 0.00 0.00000% 863.83820746 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 0.00000000 1.96156430 0.00000000 673.33500599
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 2.40000000 0.00000000 0.00000000
2-A-1 (0.00000004) 0.00000000 2.72716137 0.00000000 861.88232009
2-A-2 (0.00000006) 0.00000000 2.95557286 0.00000000 861.88232012
3-A-1 0.00000000 0.00000000 3.37414596 0.00000000 948.37868388
B-1 0.00000000 0.00000000 3.14745981 0.00000000 994.79802665
B-2 0.00000000 0.00000000 3.14745875 0.00000000 994.79802704
B-3 0.00000000 0.00000000 3.14746014 0.00000000 994.79802639
B-4 0.00000000 0.00000000 3.14745875 0.00000000 994.79802530
B-5 0.00000000 0.00000000 3.14746217 0.00000000 994.79802613
B-6 0.00000000 0.00000000 3.14745907 0.00000000 994.79802693
1-IO 0.00000000 0.00000000 0.30891561 0.00000000 681.95717341
2-IO 0.00000000 0.00000000 0.34275854 0.00000000 865.57088719
3-IO 0.00000000 0.00000000 0.63953804 0.00000000 949.49161778
SES 0.00000000 0.00000000 0.15352716 0.00000000 850.45412814
<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-SES 0.00000% 50,997,785.31 49,723,667.91 0.00 0.00 68.19571734%
2-SES 0.00000% 550,165,937.13 541,748,215.25 0.00 0.00 86.55708872%
3-SES 0.00000% 27,119,630.22 27,077,014.42 0.00 0.00 94.94916178%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 12,121,004.46
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 12,121,004.46
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 28,010.97
Payment of Interest and Principal 12,092,993.49
Total Withdrawals (Pool Distribution Amount) 12,121,004.46
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 26,178.47
Trustee Fee - Wells Fargo Bank, N.A. 1,832.50
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 28,010.97
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 4 0 0 0 4
1,936,297.22 0.00 0.00 0.00 1,936,297.22
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 1 0 0 0 1
580,000.00 0.00 0.00 0.00 580,000.00
Totals 5 0 0 0 5
2,516,297.22 0.00 0.00 0.00 2,516,297.22
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 0.351494% 0.000000% 0.000000% 0.000000% 0.351494%
0.308040% 0.000000% 0.000000% 0.000000% 0.308040%
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 0.087873% 0.000000% 0.000000% 0.000000% 0.087873%
0.092270% 0.000000% 0.000000% 0.000000% 0.092270%
Totals 0.439367% 0.000000% 0.000000% 0.000000% 0.439367%
0.400310% 0.000000% 0.000000% 0.000000% 0.400310%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1- 3/1 ARM 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%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2- 5/1 ARM 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
1,936,297.22 0.00 0.00 0.00 1,936,297.22
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 1 0 0 0 1
580,000.00 0.00 0.00 0.00 580,000.00
Totals 5 0 0 0 5
2,516,297.22 0.00 0.00 0.00 2,516,297.22
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.405268% 0.000000% 0.000000% 0.000000% 0.405268%
0.351818% 0.000000% 0.000000% 0.000000% 0.351818%
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 0.101317% 0.000000% 0.000000% 0.000000% 0.101317%
0.105384% 0.000000% 0.000000% 0.000000% 0.105384%
Totals 0.506586% 0.000000% 0.000000% 0.000000% 0.506586%
0.457201% 0.000000% 0.000000% 0.000000% 0.457201%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3- 7/1 ARM 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 10,446.67
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.555103%
Weighted Average Net Coupon 4.305103%
Weighted Average Pass-Through Rate 4.291457%
Weighted Average Maturity(Stepdown Calculation ) 348
Beginning Scheduled Collateral Loan Count 1,155
Number Of Loans Paid In Full 17
Ending Scheduled Collateral Loan Count 1,138
Beginning Scheduled Collateral Balance 628,283,352.66
Ending Scheduled Collateral Balance 618,548,897.58
Ending Actual Collateral Balance at 30-Nov-2004 628,586,785.60
Monthly P &I Constant 2,753,104.52
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 618,548,897.58
Scheduled Principal 368,191.77
Unscheduled Principal 9,366,263.31
<caption>
Miscellaneous Reporting
Total Senior% 96.830912%
Total Subordinate% 3.169088%
Group Level Collateral Statement
Group 1- 3/1 ARM 2- 5/1 ARM 3- 7/1 ARM
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.313697 4.539622 5.323121
Weighted Average Net Rate 4.063698 4.289622 5.073121
Weighted Average Maturity 346 350 348
Beginning Loan Count 101 1,001 53
Loans Paid In Full 3 14 0
Ending Loan Count 98 987 53
Beginning Scheduled Balance 50,997,785.31 550,165,937.13 27,119,630.22
Ending scheduled Balance 49,723,667.91 541,748,215.25 27,077,014.42
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 263,177.11 2,334,694.06 155,233.35
Scheduled Principal 79,852.93 253,406.38 34,932.46
Unscheduled Principal 1,194,264.47 8,164,315.50 7,683.34
Scheduled Interest 183,324.18 2,081,287.68 120,300.89
Servicing Fees 10,624.53 114,617.91 5,649.92
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 148.75 1,604.65 79.10
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 5,312.28 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 167,238.62 1,965,065.12 114,571.87
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 3.935197 4.286122 5.069621
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.555103
Weighted Average Net Rate 4.305103
Weighted Average Maturity 348
Beginning Loan Count 1,155
Loans Paid In Full 17
Ending Loan Count 1,138
Beginning Scheduled Balance 628,283,352.66
Ending scheduled Balance 618,548,897.58
Record Date 11/30/2004
Principal And Interest Constant 2,753,104.52
Scheduled Principal 368,191.77
Unscheduled Principal 9,366,263.31
Scheduled Interest 2,384,912.75
Servicing Fees 130,892.36
Master Servicing Fees 0.00
Trustee Fee 1,832.50
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 5,312.28
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,246,875.61
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 4.291457
<caption>
Miscellaneous Reporting
Group 1- 3/1 ARM
CPR 24.784254%
Subordinate% 3.887634%
Subordinate Prepayment% 0.000000%
Senior% 96.112366%
Group 2- 5/1 ARM
CPR 16.430755%
Subordinate% 3.117535%
Subordinate Prepayment% 0.000000%
Senior% 96.882465%
Group 3- 7/1 ARM
CPR 0.339883%
Subordinate% 2.863714%
Subordinate Prepayment% 0.000000%
Senior% 97.136286%