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-J Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-01
Pooling and Servicing Agreement) (Commission 54-2162549
(State or other File Number) 54-2162550
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-J
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-J 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-J 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-J 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-J
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 05949AUS7 SEN 3.68256% 63,190,188.33 193,918.25 1,342,337.16
1A2 05949AUT5 SEN 4.34456% 58,233,841.38 210,833.87 1,237,050.42
1AR 05949AUU2 SEN 3.99346% 0.00 0.00 0.00
1ALR 05949AUV0 SEN 3.99346% 0.00 0.57 0.00
2A1 05949AUW8 SEN 4.82329% 356,209,243.74 1,431,751.48 10,622,149.37
2A2 05949AUX6 SEN 4.82329% 12,728,801.85 51,162.29 379,572.50
3A1 05949AUY4 SEN 5.11000% 50,397,594.53 214,609.87 36,989.79
4A1 05949AUZ1 SEN 5.25015% 56,542,229.53 247,379.18 2,286,072.87
1IO 05949AVD9 SEN 0.49451% 0.00 51,833.28 0.00
2IO 05949AVE7 SEN 0.14900% 0.00 47,469.27 0.00
3IO 05949AVF4 SEN 0.18500% 0.00 8,050.15 0.00
4IO 05949AVG2 SEN 0.21760% 0.00 10,619.53 0.00
B1 05949AVA5 SUB 4.72117% 10,938,316.07 43,034.69 4,774.57
B2 05949AVB3 SUB 4.72117% 4,374,126.94 17,209.16 1,909.30
B3 05949AVC1 SUB 4.72117% 1,875,197.02 7,377.60 818.52
B4 05949AVH0 SUB 4.72117% 1,562,330.99 6,146.69 681.96
B5 05949AVJ6 SUB 4.72117% 937,598.51 3,688.80 409.26
B6 05949AVK3 SUB 4.72117% 1,874,848.16 7,376.23 818.37
Totals 618,864,317.05 2,552,460.91 15,913,584.09
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 61,847,851.17 1,536,255.41 0.00
1A2 0.00 56,996,790.96 1,447,884.29 0.00
1AR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.57 0.00
2A1 0.00 345,587,094.37 12,053,900.85 0.00
2A2 0.00 12,349,229.35 430,734.79 0.00
3A1 0.00 50,360,604.74 251,599.66 0.00
4A1 0.00 54,256,156.66 2,533,452.05 0.00
1IO 0.00 0.00 51,833.28 0.00
2IO 0.00 0.00 47,469.27 0.00
3IO 0.00 0.00 8,050.15 0.00
4IO 0.00 0.00 10,619.53 0.00
B1 0.00 10,933,541.50 47,809.26 0.00
B2 0.00 4,372,217.64 19,118.46 0.00
B3 0.00 1,874,378.49 8,196.12 0.00
B4 0.00 1,561,649.03 6,828.65 0.00
B5 0.00 937,189.25 4,098.06 0.00
B6 0.00 1,874,029.80 8,194.60 0.00
Totals 0.00 602,950,732.96 18,466,045.00 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 63,479,000.00 63,190,188.33 32,009.95 1,310,327.21 0.00 0.00
1A2 58,500,000.00 58,233,841.38 29,499.24 1,207,551.18 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1ALR 50.00 0.00 0.00 0.00 0.00 0.00
2A1 361,252,000.00 356,209,243.74 146,752.04 10,475,397.33 0.00 0.00
2A2 12,909,000.00 12,728,801.85 5,244.05 374,328.46 0.00 0.00
3A1 50,929,000.00 50,397,594.53 31,520.20 5,469.59 0.00 0.00
4A1 56,564,000.00 56,542,229.53 15,690.87 2,270,382.00 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
3IO 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 10,943,000.00 10,938,316.07 4,774.57 0.00 0.00 0.00
B2 4,376,000.00 4,374,126.94 1,909.30 0.00 0.00 0.00
B3 1,876,000.00 1,875,197.02 818.52 0.00 0.00 0.00
B4 1,563,000.00 1,562,330.99 681.96 0.00 0.00 0.00
B5 938,000.00 937,598.51 409.26 0.00 0.00 0.00
B6 1,875,651.00 1,874,848.16 818.37 0.00 0.00 0.00
Totals 625,204,751.00 618,864,317.05 270,128.33 15,643,455.77 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 1,342,337.16 61,847,851.17 0.97430412 1,342,337.16
1A2 1,237,050.42 56,996,790.96 0.97430412 1,237,050.42
1AR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 10,622,149.37 345,587,094.37 0.95663718 10,622,149.37
2A2 379,572.50 12,349,229.35 0.95663718 379,572.50
3A1 36,989.79 50,360,604.74 0.98883946 36,989.79
4A1 2,286,072.87 54,256,156.66 0.95919943 2,286,072.87
1IO 0.00 0.00 0.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
3IO 0.00 0.00 0.00000000 0.00
4IO 0.00 0.00 0.00000000 0.00
B1 4,774.57 10,933,541.50 0.99913566 4,774.57
B2 1,909.30 4,372,217.64 0.99913566 1,909.30
B3 818.52 1,874,378.49 0.99913566 818.52
B4 681.96 1,561,649.03 0.99913566 681.96
B5 409.26 937,189.25 0.99913566 409.26
B6 818.37 1,874,029.80 0.99913566 818.37
Totals 15,913,584.09 602,950,732.96 0.96440523 15,913,584.09
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 63,479,000.00 995.45028009 0.50426046 20.64190063 0.00000000
1A2 58,500,000.00 995.45028000 0.50426051 20.64190051 0.00000000
1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 361,252,000.00 986.04089040 0.40623177 28.99747913 0.00000000
2A2 12,909,000.00 986.04089008 0.40623209 28.99747928 0.00000000
3A1 50,929,000.00 989.56575880 0.61890475 0.10739638 0.00000000
4A1 56,564,000.00 999.61511792 0.27740029 40.13828584 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 10,943,000.00 999.57197021 0.43631271 0.00000000 0.00000000
B2 4,376,000.00 999.57196984 0.43631170 0.00000000 0.00000000
B3 1,876,000.00 999.57197228 0.43631130 0.00000000 0.00000000
B4 1,563,000.00 999.57197057 0.43631478 0.00000000 0.00000000
B5 938,000.00 999.57197228 0.43631130 0.00000000 0.00000000
B6 1,875,651.00 999.57196728 0.43631251 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 21.14616109 974.30411900 0.97430412 21.14616109
1A2 0.00000000 21.14616103 974.30411897 0.97430412 21.14616103
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 29.40371090 956.63717950 0.95663718 29.40371090
2A2 0.00000000 29.40371059 956.63717949 0.95663718 29.40371059
3A1 0.00000000 0.72630113 988.83945768 0.98883946 0.72630113
4A1 0.00000000 40.41568613 959.19943179 0.95919943 40.41568613
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.43631271 999.13565750 0.99913566 0.43631271
B2 0.00000000 0.43631170 999.13565814 0.99913566 0.43631170
B3 0.00000000 0.43631130 999.13565565 0.99913566 0.43631130
B4 0.00000000 0.43631478 999.13565579 0.99913566 0.43631478
B5 0.00000000 0.43631130 999.13566098 0.99913566 0.43631130
B6 0.00000000 0.43631251 999.13566010 0.99913566 0.43631251
<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 63,479,000.00 3.68256% 63,190,188.33 193,918.25 0.00 0.00
1A2 58,500,000.00 4.34456% 58,233,841.38 210,833.87 0.00 0.00
1AR 50.00 3.99346% 0.00 0.00 0.00 0.00
1ALR 50.00 3.99346% 0.00 0.00 0.00 0.00
2A1 361,252,000.00 4.82329% 356,209,243.74 1,431,751.48 0.00 0.00
2A2 12,909,000.00 4.82329% 12,728,801.85 51,162.29 0.00 0.00
3A1 50,929,000.00 5.11000% 50,397,594.53 214,609.87 0.00 0.00
4A1 56,564,000.00 5.25015% 56,542,229.53 247,379.18 0.00 0.00
1IO 0.00 0.49451% 125,780,702.71 51,833.28 0.00 0.00
2IO 0.00 0.14900% 382,302,863.27 47,469.27 0.00 0.00
3IO 0.00 0.18500% 52,217,186.51 8,050.15 0.00 0.00
4IO 0.00 0.21760% 58,563,565.08 10,619.53 0.00 0.00
B1 10,943,000.00 4.72117% 10,938,316.07 43,034.69 0.00 0.00
B2 4,376,000.00 4.72117% 4,374,126.94 17,209.16 0.00 0.00
B3 1,876,000.00 4.72117% 1,875,197.02 7,377.60 0.00 0.00
B4 1,563,000.00 4.72117% 1,562,330.99 6,146.69 0.00 0.00
B5 938,000.00 4.72117% 937,598.51 3,688.80 0.00 0.00
B6 1,875,651.00 4.72117% 1,874,848.16 7,376.23 0.00 0.00
Totals 625,204,751.00 2,552,460.34 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 0.00 193,918.25 0.00 61,847,851.17
1A2 0.00 0.00 210,833.87 0.00 56,996,790.96
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.57 0.00 0.00
2A1 0.00 0.00 1,431,751.48 0.00 345,587,094.37
2A2 0.00 0.00 51,162.29 0.00 12,349,229.35
3A1 0.00 0.00 214,609.87 0.00 50,360,604.74
4A1 0.00 0.00 247,379.18 0.00 54,256,156.66
1IO 0.00 0.00 51,833.28 0.00 123,199,108.19
2IO 0.00 0.00 47,469.27 0.00 371,295,635.32
3IO 0.00 0.00 8,050.15 0.00 52,179,058.69
4IO 0.00 0.00 10,619.53 0.00 56,276,931.27
B1 0.00 0.00 43,034.69 0.00 10,933,541.50
B2 0.00 0.00 17,209.16 0.00 4,372,217.64
B3 0.00 0.00 7,377.60 0.00 1,874,378.49
B4 0.00 0.00 6,146.69 0.00 1,561,649.03
B5 0.00 0.00 3,688.80 0.00 937,189.25
B6 0.00 0.00 7,376.23 0.00 1,874,029.80
Totals 0.00 0.00 2,552,460.91 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 63,479,000.00 3.68256% 995.45028009 3.05484097 0.00000000 0.00000000
1A2 58,500,000.00 4.34456% 995.45028000 3.60399778 0.00000000 0.00000000
1AR 50.00 3.99346% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 3.99346% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 361,252,000.00 4.82329% 986.04089040 3.96330395 0.00000000 0.00000000
2A2 12,909,000.00 4.82329% 986.04089008 3.96330390 0.00000000 0.00000000
3A1 50,929,000.00 5.11000% 989.56575880 4.21390308 0.00000000 0.00000000
4A1 56,564,000.00 5.25015% 999.61511792 4.37343858 0.00000000 0.00000000
1IO 0.00 0.49451% 995.58901212 0.41027473 0.00000000 0.00000000
2IO 0.00 0.14900% 986.50869349 0.12249149 0.00000000 0.00000000
3IO 0.00 0.18500% 989.90465616 0.15261031 0.00000000 0.00000000
4IO 0.00 0.21760% 999.61888573 0.18126428 0.00000000 0.00000000
B1 10,943,000.00 4.72117% 999.57197021 3.93262268 0.00000000 0.00000000
B2 4,376,000.00 4.72117% 999.57196984 3.93262340 0.00000000 0.00000000
B3 1,876,000.00 4.72117% 999.57197228 3.93262260 0.00000000 0.00000000
B4 1,563,000.00 4.72117% 999.57197057 3.93262316 0.00000000 0.00000000
B5 938,000.00 4.72117% 999.57197228 3.93262260 0.00000000 0.00000000
B6 1,875,651.00 4.72117% 999.57196728 3.93262393 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 3.05484097 0.00000000 974.30411900
1A2 0.00000000 0.00000000 3.60399778 0.00000000 974.30411897
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 11.40000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.96330395 0.00000000 956.63717950
2A2 0.00000000 0.00000000 3.96330390 0.00000000 956.63717949
3A1 0.00000000 0.00000000 4.21390308 0.00000000 988.83945768
4A1 0.00000000 0.00000000 4.37343858 0.00000000 959.19943179
1IO 0.00000000 0.00000000 0.41027473 0.00000000 975.15497826
2IO 0.00000000 0.00000000 0.12249149 0.00000000 958.10522831
3IO 0.00000000 0.00000000 0.15261031 0.00000000 989.18184996
4IO 0.00000000 0.00000000 0.18126428 0.00000000 960.58843500
B1 0.00000000 0.00000000 3.93262268 0.00000000 999.13565750
B2 0.00000000 0.00000000 3.93262340 0.00000000 999.13565814
B3 0.00000000 0.00000000 3.93262260 0.00000000 999.13565565
B4 0.00000000 0.00000000 3.93262316 0.00000000 999.13565579
B5 0.00000000 0.00000000 3.93262260 0.00000000 999.13566098
B6 0.00000000 0.00000000 3.93262393 0.00000000 999.13566010
<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 18,609,882.24
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 18,609,882.24
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 143,837.24
Payment of Interest and Principal 18,466,045.00
Total Withdrawals (Pool Distribution Amount) 18,609,882.24
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 142,032.22
Trustee Fee - Wells Fargo Bank, N.A. 1,805.02
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 143,837.24
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 11 0 0 0 11
6,162,079.92 0.00 0.00 0.00 6,162,079.92
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 11 0 0 0 11
6,162,079.92 0.00 0.00 0.00 6,162,079.92
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 0.950735% 0.000000% 0.000000% 0.000000% 0.950735%
1.021610% 0.000000% 0.000000% 0.000000% 1.021610%
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 0.950735% 0.000000% 0.000000% 0.000000% 0.950735%
1.021610% 0.000000% 0.000000% 0.000000% 1.021610%
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 3 0 0 0 3
1,992,339.43 0.00 0.00 0.00 1,992,339.43
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 3 0 0 0 3
1,992,339.43 0.00 0.00 0.00 1,992,339.43
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.260504% 0.000000% 0.000000% 0.000000% 1.260504%
1.616466% 0.000000% 0.000000% 0.000000% 1.616466%
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 1.260504% 0.000000% 0.000000% 0.000000% 1.260504%
1.616466% 0.000000% 0.000000% 0.000000% 1.616466%
<caption>
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 7 0 0 0 7
3,785,740.49 0.00 0.00 0.00 3,785,740.49
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 7 0 0 0 7
3,785,740.49 0.00 0.00 0.00 3,785,740.49
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.969529% 0.000000% 0.000000% 0.000000% 0.969529%
1.019253% 0.000000% 0.000000% 0.000000% 1.019253%
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 0.969529% 0.000000% 0.000000% 0.000000% 0.969529%
1.019253% 0.000000% 0.000000% 0.000000% 1.019253%
<caption>
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%
<caption>
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 1 0 0 0 1
384,000.00 0.00 0.00 0.00 384,000.00
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 1 0 0 0 1
384,000.00 0.00 0.00 0.00 384,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.052632% 0.000000% 0.000000% 0.000000% 1.052632%
0.682182% 0.000000% 0.000000% 0.000000% 0.682182%
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 1.052632% 0.000000% 0.000000% 0.000000% 1.052632%
0.682182% 0.000000% 0.000000% 0.000000% 0.682182%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 29,569.16
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.228218%
Weighted Average Net Coupon 4.952812%
Weighted Average Pass-Through Rate 4.949312%
Weighted Average Maturity(Stepdown Calculation ) 357
Beginning Scheduled Collateral Loan Count 1,179
Number Of Loans Paid In Full 22
Ending Scheduled Collateral Loan Count 1,157
Beginning Scheduled Collateral Balance 618,864,317.57
Ending Scheduled Collateral Balance 602,950,733.47
Ending Actual Collateral Balance at 30-Nov-2004 603,173,253.71
Monthly P &I Constant 2,966,426.24
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 270,128.33
Unscheduled Principal 15,643,455.77
Ancilliary Fees $1,656.38
<caption>
Miscellaneous Reporting
Total Senior Percentage 96.515808%
Aggregate Subordinate Percentage 3.484191%
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 4.873065 5.225794 5.548503
Weighted Average Net Rate 4.498065 4.975794 5.298503
Weighted Average Maturity 357 357 357
Beginning Loan Count 242 738 102
Loans Paid In Full 4 16 0
Ending Loan Count 238 722 102
Beginning Scheduled Balance 125,780,702.71 382,302,863.27 52,217,186.51
Ending scheduled Balance 123,199,108.19 371,295,635.32 52,179,058.69
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 574,497.41 1,822,365.62 274,097.56
Scheduled Principal 63,716.13 157,502.16 32,658.23
Unscheduled Principal 2,517,878.39 10,849,725.79 5,469.59
Scheduled Interest 510,781.28 1,664,863.46 241,439.33
Servicing Fees 39,306.47 79,646.43 10,878.58
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 366.86 1,115.05 152.30
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 471,107.95 1,584,101.98 230,408.45
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 4.494565 4.972294 5.295003
Group Level Collateral Statement
Group 4 Total
Collateral Description 7 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 5.721247 5.228218
Weighted Average Net Rate 5.471247 4.952812
Weighted Average Maturity 357 357
Beginning Loan Count 97 1,179
Loans Paid In Full 2 22
Ending Loan Count 95 1,157
Beginning Scheduled Balance 58,563,565.08 618,864,317.57
Ending scheduled Balance 56,276,931.27 602,950,733.47
Record Date 11/30/2004 11/30/2004
Principal And Interest Constant 295,465.65 2,966,426.24
Scheduled Principal 16,251.81 270,128.33
Unscheduled Principal 2,270,382.00 15,643,455.77
Scheduled Interest 279,213.84 2,696,297.91
Servicing Fees 12,200.74 142,032.22
Master Servicing Fees 0.00 0.00
Trustee Fee 170.81 1,805.02
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 266,842.29 2,552,460.67
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 5.467747 4.949312
<caption>
Miscellaneous Reporting
Group 1
CPR 21.555370%
Subordinate Percentage 3.463705%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.536295%
Group 2
CPR 29.222532%
Subordinate Percentage 3.495872%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.504128%
Group 3
CPR 0.125702%
Subordinate Percentage 3.484661%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.515339%
<caption>
Miscellaneous Reporting
Group 4
CPR 37.786985%
Subordinate Percentage 3.451524%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.548476%