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-H Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-42
Pooling and Servicing Agreement) (Commission 54-6636500
(State or other File Number) 54-6636501
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-H
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-H 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-H 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-H 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-H
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 05949AQZ6 SEN 3.50507% 53,673,597.66 156,774.85 4,527,287.11
1A2 05949ARA0 SEN 4.04007% 26,606,002.36 89,575.14 2,244,176.22
1AR 05949ARB8 SEN 3.66823% 0.00 0.00 0.00
1ALR 05949ARC6 SEN 3.66823% 0.00 0.34 0.00
2A1 05949ARD4 SEN 4.53752% 223,823,778.25 846,338.12 10,738,441.88
2A2 05949ARE2 SEN 4.81452% 233,413,694.55 936,479.84 11,198,539.37
B1 05949ARF9 SUB 4.52504% 9,887,503.20 37,284.47 5,211.24
B2 05949ARG7 SUB 4.52504% 3,894,895.48 14,687.14 2,052.82
B3 05949ARH5 SUB 4.52504% 2,096,713.80 7,906.43 1,105.08
B4 05949ARL6 SUB 4.52504% 1,498,651.15 5,651.22 789.87
B5 05949ARM4 SUB 4.52504% 1,198,122.17 4,517.96 631.47
B6 05949ARN2 SUB 4.52504% 1,498,400.54 5,650.27 789.74
1IO 05949ARJ1 SEN 0.86569% 0.00 60,150.79 0.00
2IO 05949ARK8 SEN 0.43959% 0.00 173,717.64 0.00
Totals 557,591,359.16 2,338,734.21 28,719,024.80
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 49,146,310.55 4,684,061.96 0.00
1A2 0.00 24,361,826.14 2,333,751.36 0.00
1AR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.34 0.00
2A1 0.00 213,085,336.38 11,584,780.00 0.00
2A2 0.00 222,215,155.18 12,135,019.21 0.00
B1 0.00 9,882,291.96 42,495.71 0.00
B2 0.00 3,892,842.67 16,739.96 0.00
B3 0.00 2,095,608.72 9,011.51 0.00
B4 0.00 1,497,861.28 6,441.09 0.00
B5 0.00 1,197,490.69 5,149.43 0.00
B6 0.00 1,497,610.80 6,440.01 0.00
1IO 0.00 0.00 60,150.79 0.00
2IO 0.00 0.00 173,717.64 0.00
Totals 0.00 528,872,334.37 31,057,759.01 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 60,000,000.00 53,673,597.66 67,927.49 4,459,359.62 0.00 0.00
1A2 29,742,000.00 26,606,002.36 33,671.66 2,210,504.57 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 240,000,000.00 223,823,778.25 87,780.39 10,650,661.49 0.00 0.00
2A2 250,283,000.00 233,413,694.55 91,541.42 11,106,997.95 0.00 0.00
B1 9,903,000.00 9,887,503.20 5,211.24 0.00 0.00 0.00
B2 3,901,000.00 3,894,895.48 2,052.82 0.00 0.00 0.00
B3 2,100,000.00 2,096,713.80 1,105.08 0.00 0.00 0.00
B4 1,501,000.00 1,498,651.15 789.87 0.00 0.00 0.00
B5 1,200,000.00 1,198,122.17 631.47 0.00 0.00 0.00
B6 1,500,749.00 1,498,400.54 789.74 0.00 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
Totals 600,130,849.00 557,591,359.16 291,501.18 28,427,523.63 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 4,527,287.11 49,146,310.55 0.81910518 4,527,287.11
1A2 2,244,176.22 24,361,826.14 0.81910518 2,244,176.22
1AR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 10,738,441.88 213,085,336.38 0.88785557 10,738,441.88
2A2 11,198,539.37 222,215,155.18 0.88785557 11,198,539.37
B1 5,211.24 9,882,291.96 0.99790891 5,211.24
B2 2,052.82 3,892,842.67 0.99790891 2,052.82
B3 1,105.08 2,095,608.72 0.99790891 1,105.08
B4 789.87 1,497,861.28 0.99790891 789.87
B5 631.47 1,197,490.69 0.99790891 631.47
B6 789.74 1,497,610.80 0.99790891 789.74
1IO 0.00 0.00 0.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
Totals 28,719,024.80 528,872,334.37 0.88126170 28,719,024.80
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 60,000,000.00 894.55996100 1.13212483 74.32266033 0.00000000
1A2 29,742,000.00 894.55996100 1.13212494 74.32266055 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 240,000,000.00 932.59907604 0.36575162 44.37775621 0.00000000
2A2 250,283,000.00 932.59907605 0.36575165 44.37775618 0.00000000
B1 9,903,000.00 998.43514087 0.52622842 0.00000000 0.00000000
B2 3,901,000.00 998.43513971 0.52622917 0.00000000 0.00000000
B3 2,100,000.00 998.43514286 0.52622857 0.00000000 0.00000000
B4 1,501,000.00 998.43514324 0.52622918 0.00000000 0.00000000
B5 1,200,000.00 998.43514167 0.52622500 0.00000000 0.00000000
B6 1,500,749.00 998.43514139 0.52623057 0.00000000 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2IO 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>
1A1 0.00000000 75.45478517 819.10517583 0.81910518 75.45478517
1A2 0.00000000 75.45478515 819.10517585 0.81910518 75.45478515
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 44.74350783 887.85556825 0.88785557 44.74350783
2A2 0.00000000 44.74350783 887.85556822 0.88785557 44.74350783
B1 0.00000000 0.52622842 997.90891245 0.99790891 0.52622842
B2 0.00000000 0.52622917 997.90891310 0.99790891 0.52622917
B3 0.00000000 0.52622857 997.90891429 0.99790891 0.52622857
B4 0.00000000 0.52622918 997.90891406 0.99790891 0.52622918
B5 0.00000000 0.52622500 997.90890833 0.99790891 0.52622500
B6 0.00000000 0.52623057 997.90891082 0.99790891 0.52623057
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2IO 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>
1A1 60,000,000.00 3.50507% 53,673,597.66 156,774.85 0.00 0.00
1A2 29,742,000.00 4.04007% 26,606,002.36 89,575.14 0.00 0.00
1AR 50.00 3.66823% 0.00 0.00 0.00 0.00
1ALR 50.00 3.66823% 0.00 0.00 0.00 0.00
2A1 240,000,000.00 4.53752% 223,823,778.25 846,338.12 0.00 0.00
2A2 250,283,000.00 4.81452% 233,413,694.55 936,479.84 0.00 0.00
B1 9,903,000.00 4.52504% 9,887,503.20 37,284.47 0.00 0.00
B2 3,901,000.00 4.52504% 3,894,895.48 14,687.14 0.00 0.00
B3 2,100,000.00 4.52504% 2,096,713.80 7,906.43 0.00 0.00
B4 1,501,000.00 4.52504% 1,498,651.15 5,651.22 0.00 0.00
B5 1,200,000.00 4.52504% 1,198,122.17 4,517.96 0.00 0.00
B6 1,500,749.00 4.52504% 1,498,400.54 5,650.27 0.00 0.00
1IO 0.00 0.86569% 83,379,481.73 60,150.79 0.00 0.00
2IO 0.00 0.43959% 474,211,877.88 173,717.64 0.00 0.00
Totals 600,130,849.00 2,338,733.87 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 0.00 156,774.85 0.00 49,146,310.55
1A2 0.00 0.00 89,575.14 0.00 24,361,826.14
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.34 0.00 0.00
2A1 0.00 0.00 846,338.12 0.00 213,085,336.38
2A2 0.00 0.00 936,479.84 0.00 222,215,155.18
B1 0.00 0.00 37,284.47 0.00 9,882,291.96
B2 0.00 0.00 14,687.14 0.00 3,892,842.67
B3 0.00 0.00 7,906.43 0.00 2,095,608.72
B4 0.00 0.00 5,651.22 0.00 1,497,861.28
B5 0.00 0.00 4,517.96 0.00 1,197,490.69
B6 0.00 0.00 5,650.27 0.00 1,497,610.80
1IO 0.00 0.00 60,150.79 0.00 76,604,095.29
2IO 0.00 0.00 173,717.64 0.00 452,268,239.52
Totals 0.00 0.00 2,338,734.21 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 60,000,000.00 3.50507% 894.55996100 2.61291417 0.00000000 0.00000000
1A2 29,742,000.00 4.04007% 894.55996100 3.01173896 0.00000000 0.00000000
1AR 50.00 3.66823% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 3.66823% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 240,000,000.00 4.53752% 932.59907604 3.52640883 0.00000000 0.00000000
2A2 250,283,000.00 4.81452% 932.59907605 3.74168377 0.00000000 0.00000000
B1 9,903,000.00 4.52504% 998.43514087 3.76496718 0.00000000 0.00000000
B2 3,901,000.00 4.52504% 998.43513971 3.76496796 0.00000000 0.00000000
B3 2,100,000.00 4.52504% 998.43514286 3.76496667 0.00000000 0.00000000
B4 1,501,000.00 4.52504% 998.43514324 3.76497002 0.00000000 0.00000000
B5 1,200,000.00 4.52504% 998.43514167 3.76496667 0.00000000 0.00000000
B6 1,500,749.00 4.52504% 998.43514139 3.76496669 0.00000000 0.00000000
1IO 0.00 0.86569% 929.10211194 0.67026353 0.00000000 0.00000000
2IO 0.00 0.43959% 967.22072330 0.35432116 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 2.61291417 0.00000000 819.10517583
1A2 0.00000000 0.00000000 3.01173896 0.00000000 819.10517585
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 6.80000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.52640883 0.00000000 887.85556825
2A2 0.00000000 0.00000000 3.74168377 0.00000000 887.85556822
B1 0.00000000 0.00000000 3.76496718 0.00000000 997.90891245
B2 0.00000000 0.00000000 3.76496796 0.00000000 997.90891310
B3 0.00000000 0.00000000 3.76496667 0.00000000 997.90891429
B4 0.00000000 0.00000000 3.76497002 0.00000000 997.90891406
B5 0.00000000 0.00000000 3.76496667 0.00000000 997.90890833
B6 0.00000000 0.00000000 3.76496669 0.00000000 997.90891082
1IO 0.00000000 0.00000000 0.67026353 0.00000000 853.60361135
2IO 0.00000000 0.00000000 0.35432116 0.00000000 922.46363737
<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 31,184,235.55
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 31,184,235.55
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 126,476.54
Payment of Interest and Principal 31,057,759.01
Total Withdrawals (Pool Distribution Amount) 31,184,235.55
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 124,850.23
Trustee Fee - Wells Fargo Bank, N.A. 1,626.31
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 126,476.54
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 3 0 0 0 3
1,328,918.86 0.00 0.00 0.00 1,328,918.86
60 Days 1 0 0 0 1
399,142.74 0.00 0.00 0.00 399,142.74
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 4 0 0 0 4
1,728,061.60 0.00 0.00 0.00 1,728,061.60
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 0.290980% 0.000000% 0.000000% 0.000000% 0.290980%
0.251164% 0.000000% 0.000000% 0.000000% 0.251164%
60 Days 0.096993% 0.000000% 0.000000% 0.000000% 0.096993%
0.075437% 0.000000% 0.000000% 0.000000% 0.075437%
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 0.387973% 0.000000% 0.000000% 0.000000% 0.387973%
0.326601% 0.000000% 0.000000% 0.000000% 0.326601%
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 2 0 0 0 2
873,462.02 0.00 0.00 0.00 873,462.02
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 2 0 0 0 2
873,462.02 0.00 0.00 0.00 873,462.02
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.342282% 0.000000% 0.000000% 0.000000% 1.342282%
1.139035% 0.000000% 0.000000% 0.000000% 1.139035%
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 1.342282% 0.000000% 0.000000% 0.000000% 1.342282%
1.139035% 0.000000% 0.000000% 0.000000% 1.139035%
<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 1 0 0 0 1
455,456.84 0.00 0.00 0.00 455,456.84
60 Days 1 0 0 0 1
399,142.74 0.00 0.00 0.00 399,142.74
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
854,599.58 0.00 0.00 0.00 854,599.58
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.113379% 0.000000% 0.000000% 0.000000% 0.113379%
0.100671% 0.000000% 0.000000% 0.000000% 0.100671%
60 Days 0.113379% 0.000000% 0.000000% 0.000000% 0.113379%
0.088224% 0.000000% 0.000000% 0.000000% 0.088224%
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 0.226757% 0.000000% 0.000000% 0.000000% 0.226757%
0.188895% 0.000000% 0.000000% 0.000000% 0.188895%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 9,309.09
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.305414%
Weighted Average Net Coupon 5.036722%
Weighted Average Pass-Through Rate 5.033222%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 1,078
Number Of Loans Paid In Full 47
Ending Scheduled Collateral Loan Count 1,031
Beginning Scheduled Collateral Balance 557,591,359.61
Ending Scheduled Collateral Balance 528,872,334.37
Ending Actual Collateral Balance at 30-Nov-2004 529,104,123.08
Monthly P &I Constant 2,756,711.88
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 291,501.17
Unscheduled Principal 28,427,523.63
Ancillary Fees $3,497.51
<caption>
Miscellaneous Reporting
Total senior percentage. 96.399821%
Aggregate subordinate percentage 3.600179%
Group Level Collateral Statement
Group 1 2 Total
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 4.926572 5.372024 5.305414
Weighted Average Net Rate 4.551572 5.122024 5.036722
Weighted Average Maturity 356 355 355
Beginning Loan Count 161 917 1,078
Loans Paid In Full 12 35 47
Ending Loan Count 149 882 1,031
Beginning Scheduled Balance 83,379,481.73 474,211,877.88 557,591,359.61
Ending scheduled Balance 76,604,095.29 452,268,239.52 528,872,334.81
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 447,834.78 2,308,877.10 2,756,711.88
Scheduled Principal 105,522.25 185,978.92 291,501.17
Unscheduled Principal 6,669,864.19 21,757,659.44 28,427,523.63
Scheduled Interest 342,312.53 2,122,898.18 2,465,210.71
Servicing Fees 26,056.09 98,794.14 124,850.23
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 243.19 1,383.12 1,626.31
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 316,013.25 2,022,720.92 2,338,734.17
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 4.548072 5.118524 5.033222
<caption>
Miscellaneous Reporting
Group 1
CPR 63.279103%
Subordinate percentage 3.717799%
Subordinate prepayment percentage 0.000000%
Senior percentage 96.282201%
Senior prepayment percentage 100.000000%
Group 2
CPR 43.097907%
Subordinate percentage 3.579498%
Subordinate prepayment percentage 0.000000%
Senior percentage 96.420502%
Senior prepayment percentage 100.000000%