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-E Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-33
Pooling and Servicing Agreement) (Commission 54-2154030
(State or other File Number) 54-2154031
jurisdiction 54-2154032
of Incorporation) IRS EIN
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-E
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-E 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-E 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-E 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-E
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 05949AGR5 SEQ 3.53511% 257,618,149.05 758,923.00 3,771,780.62
1AR 05949AGS3 SEQ 3.55884% 0.00 0.00 0.00
1AMR 05949AGT1 SEQ 3.55884% 0.00 0.00 0.00
1ALR 05949AGU8 SEQ 3.55884% 0.00 0.00 0.00
2A1 05949AGV6 SEQ 2.10000% 34,603,165.04 60,555.54 2,600,202.90
2A2 05949AGW4 SEQ 3.98500% 55,000,000.00 182,645.83 0.00
2A3 05949AGX2 SEQ 4.12844% 90,596,000.00 311,683.78 0.00
2A4 05949AGY0 SEQ 4.12844% 69,779,000.00 240,065.59 0.00
2A5 05949AGZ7 SEQ 4.12844% 69,981,000.00 240,760.55 0.00
2A6 05949AHA1 SEQ 4.12844% 188,822,000.00 649,617.58 0.00
2A7 05949AHB9 SEQ 4.12844% 123,015,249.39 423,218.00 1,519,768.72
2A8 05949AHC7 SEQ 4.12844% 190,585,395.51 655,684.32 2,354,551.35
2A9 05949AHD5 SEQ 3.71200% 58,695,426.45 181,564.52 4,410,579.72
2A10 05949AHE3 SEQ 4.12844% 2,706,312.62 9,310.72 33,434.63
2AIO 05949AHF0 IO 0.69133% 0.00 85,436.16 0.00
3A1 05949AHG8 SEQ 4.24459% 210,635,169.36 745,049.22 3,120,271.29
4A1 05949AHH6 SEQ 4.64046% 61,373,870.75 237,335.60 95,214.68
B1 05949AHJ2 SUB 4.05061% 21,676,356.77 73,168.70 15,697.22
B2 05949AHK9 SUB 4.05061% 7,741,271.48 26,130.72 5,605.94
B3 05949AHL7 SUB 4.05061% 4,644,364.57 15,677.09 3,363.28
B4 05949AHN3 SUB 4.05061% 4,644,364.57 15,677.09 3,363.28
B5 05949AHP8 SUB 4.05061% 2,322,182.29 7,838.54 1,681.64
B6 05949AHQ6 SUB 4.05061% 2,323,166.13 7,841.86 1,682.35
SES 05949AHM5 SEQ 0.00000% 0.00 275,029.43 0.00
Totals 1,456,762,443.98 5,203,213.84 17,937,197.62
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 253,846,368.43 4,530,703.62 0.00
1AR 0.00 0.00 0.00 0.00
1AMR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00
2A1 0.00 32,002,962.14 2,660,758.44 0.00
2A2 0.00 55,000,000.00 182,645.83 0.00
2A3 0.00 90,596,000.00 311,683.78 0.00
2A4 0.00 69,779,000.00 240,065.59 0.00
2A5 0.00 69,981,000.00 240,760.55 0.00
2A6 0.00 188,822,000.00 649,617.58 0.00
2A7 0.00 121,495,480.67 1,942,986.72 0.00
2A8 0.00 188,230,844.16 3,010,235.67 0.00
2A9 0.00 54,284,846.74 4,592,144.24 0.00
2A10 0.00 2,672,877.99 42,745.35 0.00
2AIO 0.00 0.00 85,436.16 0.00
3A1 0.00 207,514,898.07 3,865,320.51 0.00
4A1 0.00 61,278,656.07 332,550.28 0.00
B1 0.00 21,660,659.55 88,865.92 0.00
B2 0.00 7,735,665.53 31,736.66 0.00
B3 0.00 4,641,001.29 19,040.37 0.00
B4 0.00 4,641,001.29 19,040.37 0.00
B5 0.00 2,320,500.65 9,520.18 0.00
B6 0.00 2,321,483.77 9,524.21 0.00
SES 0.00 0.00 275,029.43 0.00
Totals 0.00 1,438,825,246.35 23,140,411.46 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 297,871,000.00 257,618,149.05 402,109.63 3,369,670.99 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1AMR 25.00 0.00 0.00 0.00 0.00 0.00
1ALR 25.00 0.00 0.00 0.00 0.00 0.00
2A1 45,000,000.00 34,603,165.04 123,991.54 2,476,211.36 0.00 0.00
2A2 55,000,000.00 55,000,000.00 0.00 0.00 0.00 0.00
2A3 90,596,000.00 90,596,000.00 0.00 0.00 0.00 0.00
2A4 69,779,000.00 69,779,000.00 0.00 0.00 0.00 0.00
2A5 69,981,000.00 69,981,000.00 0.00 0.00 0.00 0.00
2A6 188,822,000.00 188,822,000.00 0.00 0.00 0.00 0.00
2A7 129,092,000.00 123,015,249.39 72,470.67 1,447,298.04 0.00 0.00
2A8 200,000,000.00 190,585,395.51 112,277.56 2,242,273.79 0.00 0.00
2A9 76,331,000.00 58,695,426.45 210,319.96 4,200,259.76 0.00 0.00
2A10 2,840,000.00 2,706,312.62 1,594.34 31,840.29 0.00 0.00
2AIO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 222,629,000.00 210,635,169.36 2,699.31 3,117,571.98 0.00 0.00
4A1 63,254,000.00 61,373,870.75 79,814.03 15,400.65 0.00 0.00
B1 21,768,000.00 21,676,356.77 15,697.22 0.00 0.00 0.00
B2 7,774,000.00 7,741,271.48 5,605.94 0.00 0.00 0.00
B3 4,664,000.00 4,644,364.57 3,363.28 0.00 0.00 0.00
B4 4,664,000.00 4,644,364.57 3,363.28 0.00 0.00 0.00
B5 2,332,000.00 2,322,182.29 1,681.64 0.00 0.00 0.00
B6 2,332,988.00 2,323,166.13 1,682.35 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,554,730,088.00 1,456,762,443.98 1,036,670.75 16,900,526.86 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 3,771,780.62 253,846,368.43 0.85220236 3,771,780.62
1AR 0.00 0.00 0.00000000 0.00
1AMR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 2,600,202.90 32,002,962.14 0.71117694 2,600,202.90
2A2 0.00 55,000,000.00 1.00000000 0.00
2A3 0.00 90,596,000.00 1.00000000 0.00
2A4 0.00 69,779,000.00 1.00000000 0.00
2A5 0.00 69,981,000.00 1.00000000 0.00
2A6 0.00 188,822,000.00 1.00000000 0.00
2A7 1,519,768.72 121,495,480.67 0.94115422 1,519,768.72
2A8 2,354,551.35 188,230,844.16 0.94115422 2,354,551.35
2A9 4,410,579.72 54,284,846.74 0.71117694 4,410,579.72
2A10 33,434.63 2,672,877.99 0.94115422 33,434.63
2AIO 0.00 0.00 0.00000000 0.00
3A1 3,120,271.29 207,514,898.07 0.93211081 3,120,271.29
4A1 95,214.68 61,278,656.07 0.96877124 95,214.68
B1 15,697.22 21,660,659.55 0.99506889 15,697.22
B2 5,605.94 7,735,665.53 0.99506889 5,605.94
B3 3,363.28 4,641,001.29 0.99506889 3,363.28
B4 3,363.28 4,641,001.29 0.99506889 3,363.28
B5 1,681.64 2,320,500.65 0.99506889 1,681.64
B6 1,682.35 2,321,483.77 0.99506889 1,682.35
SES 0.00 0.00 0.00000000 0.00
Totals 17,937,197.62 1,438,825,246.35 0.92545018 17,937,197.62
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 297,871,000.00 864.86482085 1.34994555 11.31251780 0.00000000
1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 45,000,000.00 768.95922311 2.75536756 55.02691911 0.00000000
2A2 55,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A3 90,596,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 69,779,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 69,981,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A6 188,822,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A7 129,092,000.00 952.92697758 0.56138777 11.21136895 0.00000000
2A8 200,000,000.00 952.92697755 0.56138780 11.21136895 0.00000000
2A9 76,331,000.00 768.95922299 2.75536754 55.02691908 0.00000000
2A10 2,840,000.00 952.92697887 0.56138732 11.21136972 0.00000000
2AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 222,629,000.00 946.12637779 0.01212470 14.00344061 0.00000000
4A1 63,254,000.00 970.27651611 1.26180210 0.24347314 0.00000000
B1 21,768,000.00 995.79000230 0.72111448 0.00000000 0.00000000
B2 7,774,000.00 995.79000257 0.72111397 0.00000000 0.00000000
B3 4,664,000.00 995.79000214 0.72111492 0.00000000 0.00000000
B4 4,664,000.00 995.79000214 0.72111492 0.00000000 0.00000000
B5 2,332,000.00 995.79000429 0.72111492 0.00000000 0.00000000
B6 2,332,988.00 995.79000406 0.72111387 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>
1A1 0.00000000 12.66246335 852.20235750 0.85220236 12.66246335
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 57.78228667 711.17693644 0.71117694 57.78228667
2A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A7 0.00000000 11.77275679 941.15422079 0.94115422 11.77275679
2A8 0.00000000 11.77275675 941.15422080 0.94115422 11.77275675
2A9 0.00000000 57.78228662 711.17693650 0.71117694 57.78228662
2A10 0.00000000 11.77275704 941.15422183 0.94115422 11.77275704
2AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 14.01556531 932.11081247 0.93211081 14.01556531
4A1 0.00000000 1.50527524 968.77124087 0.96877124 1.50527524
B1 0.00000000 0.72111448 995.06888782 0.99506889 0.72111448
B2 0.00000000 0.72111397 995.06888732 0.99506889 0.72111397
B3 0.00000000 0.72111492 995.06888722 0.99506889 0.72111492
B4 0.00000000 0.72111492 995.06888722 0.99506889 0.72111492
B5 0.00000000 0.72111492 995.06888937 0.99506889 0.72111492
B6 0.00000000 0.72111387 995.06888591 0.99506889 0.72111387
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>
1A1 297,871,000.00 3.53511% 257,618,149.05 758,923.00 0.00 0.00
1AR 50.00 3.55884% 0.00 0.00 0.00 0.00
1AMR 25.00 3.55884% 0.00 0.00 0.00 0.00
1ALR 25.00 3.55884% 0.00 0.00 0.00 0.00
2A1 45,000,000.00 2.10000% 34,603,165.04 60,555.54 0.00 0.00
2A2 55,000,000.00 3.98500% 55,000,000.00 182,645.83 0.00 0.00
2A3 90,596,000.00 4.12844% 90,596,000.00 311,683.78 0.00 0.00
2A4 69,779,000.00 4.12844% 69,779,000.00 240,065.59 0.00 0.00
2A5 69,981,000.00 4.12844% 69,981,000.00 240,760.55 0.00 0.00
2A6 188,822,000.00 4.12844% 188,822,000.00 649,617.58 0.00 0.00
2A7 129,092,000.00 4.12844% 123,015,249.39 423,218.00 0.00 0.00
2A8 200,000,000.00 4.12844% 190,585,395.51 655,684.31 0.00 0.00
2A9 76,331,000.00 3.71200% 58,695,426.45 181,564.52 0.00 0.00
2A10 2,840,000.00 4.12844% 2,706,312.62 9,310.72 0.00 0.00
2AIO 0.00 0.69133% 148,298,591.49 85,436.16 0.00 0.00
3A1 222,629,000.00 4.24459% 210,635,169.36 745,049.22 0.00 0.00
4A1 63,254,000.00 4.64046% 61,373,870.75 237,335.60 0.00 0.00
B1 21,768,000.00 4.05061% 21,676,356.77 73,168.70 0.00 0.00
B2 7,774,000.00 4.05061% 7,741,271.48 26,130.72 0.00 0.00
B3 4,664,000.00 4.05061% 4,644,364.57 15,677.09 0.00 0.00
B4 4,664,000.00 4.05061% 4,644,364.57 15,677.09 0.00 0.00
B5 2,332,000.00 4.05061% 2,322,182.29 7,838.54 0.00 0.00
B6 2,332,988.00 4.05061% 2,323,166.13 7,841.86 0.00 0.00
SES 0.00 0.00000% 1,456,762,444.28 0.00 0.00 0.00
Totals 1,554,730,088.00 4,928,184.40 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 0.00 758,923.00 0.00 253,846,368.43
1AR 0.00 0.00 0.00 0.00 0.00
1AMR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 60,555.54 0.00 32,002,962.14
2A2 0.00 0.00 182,645.83 0.00 55,000,000.00
2A3 0.00 0.00 311,683.78 0.00 90,596,000.00
2A4 0.00 0.00 240,065.59 0.00 69,779,000.00
2A5 0.00 0.00 240,760.55 0.00 69,981,000.00
2A6 0.00 0.00 649,617.58 0.00 188,822,000.00
2A7 0.00 0.00 423,218.00 0.00 121,495,480.67
2A8 0.00 0.00 655,684.32 0.00 188,230,844.16
2A9 0.00 0.00 181,564.52 0.00 54,284,846.74
2A10 0.00 0.00 9,310.72 0.00 2,672,877.99
2AIO 0.00 0.00 85,436.16 0.00 141,287,808.88
3A1 0.00 0.00 745,049.22 0.00 207,514,898.07
4A1 0.00 0.00 237,335.60 0.00 61,278,656.07
B1 0.00 0.00 73,168.70 0.00 21,660,659.55
B2 0.00 0.00 26,130.72 0.00 7,735,665.53
B3 0.00 0.00 15,677.09 0.00 4,641,001.29
B4 0.00 0.00 15,677.09 0.00 4,641,001.29
B5 0.00 0.00 7,838.54 0.00 2,320,500.65
B6 0.00 0.00 7,841.86 0.00 2,321,483.77
SES 0.00 0.00 275,029.43 0.00 1,438,825,246.67
Totals 0.00 0.00 5,203,213.84 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 297,871,000.00 3.53511% 864.86482085 2.54782439 0.00000000 0.00000000
1AR 50.00 3.55884% 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 25.00 3.55884% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 25.00 3.55884% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 45,000,000.00 2.10000% 768.95922311 1.34567867 0.00000000 0.00000000
2A2 55,000,000.00 3.98500% 1000.00000000 3.32083327 0.00000000 0.00000000
2A3 90,596,000.00 4.12844% 1000.00000000 3.44037022 0.00000000 0.00000000
2A4 69,779,000.00 4.12844% 1000.00000000 3.44037017 0.00000000 0.00000000
2A5 69,981,000.00 4.12844% 1000.00000000 3.44037024 0.00000000 0.00000000
2A6 188,822,000.00 4.12844% 1000.00000000 3.44037019 0.00000000 0.00000000
2A7 129,092,000.00 4.12844% 952.92697758 3.27842159 0.00000000 0.00000000
2A8 200,000,000.00 4.12844% 952.92697755 3.27842155 0.00000000 0.00000000
2A9 76,331,000.00 3.71200% 768.95922299 2.37864721 0.00000000 0.00000000
2A10 2,840,000.00 4.12844% 952.92697887 3.27842254 0.00000000 0.00000000
2AIO 0.00 0.69133% 841.02393504 0.48452150 0.00000000 0.00000000
3A1 222,629,000.00 4.24459% 946.12637779 3.34659555 0.00000000 0.00000000
4A1 63,254,000.00 4.64046% 970.27651611 3.75210421 0.00000000 0.00000000
B1 21,768,000.00 4.05061% 995.79000230 3.36129640 0.00000000 0.00000000
B2 7,774,000.00 4.05061% 995.79000257 3.36129663 0.00000000 0.00000000
B3 4,664,000.00 4.05061% 995.79000214 3.36129717 0.00000000 0.00000000
B4 4,664,000.00 4.05061% 995.79000214 3.36129717 0.00000000 0.00000000
B5 2,332,000.00 4.05061% 995.79000429 3.36129503 0.00000000 0.00000000
B6 2,332,988.00 4.05061% 995.79000406 3.36129461 0.00000000 0.00000000
SES 0.00 0.00000% 936.98736213 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>
1A1 0.00000000 0.00000000 2.54782439 0.00000000 852.20235750
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 1.34567867 0.00000000 711.17693644
2A2 0.00000000 0.00000000 3.32083327 0.00000000 1000.00000000
2A3 0.00000000 0.00000000 3.44037022 0.00000000 1000.00000000
2A4 0.00000000 0.00000000 3.44037017 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 3.44037024 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 3.44037019 0.00000000 1000.00000000
2A7 0.00000000 0.00000000 3.27842159 0.00000000 941.15422079
2A8 0.00000000 0.00000000 3.27842160 0.00000000 941.15422080
2A9 0.00000000 0.00000000 2.37864721 0.00000000 711.17693650
2A10 0.00000000 0.00000000 3.27842254 0.00000000 941.15422183
2AIO 0.00000000 0.00000000 0.48452150 0.00000000 801.26471738
3A1 0.00000000 0.00000000 3.34659555 0.00000000 932.11081247
4A1 0.00000000 0.00000000 3.75210421 0.00000000 968.77124087
B1 0.00000000 0.00000000 3.36129640 0.00000000 995.06888782
B2 0.00000000 0.00000000 3.36129663 0.00000000 995.06888732
B3 0.00000000 0.00000000 3.36129717 0.00000000 995.06888722
B4 0.00000000 0.00000000 3.36129717 0.00000000 995.06888722
B5 0.00000000 0.00000000 3.36129503 0.00000000 995.06888937
B6 0.00000000 0.00000000 3.36129461 0.00000000 995.06888591
SES 0.00000000 0.00000000 0.17689851 0.00000000 925.45018423
<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>
SES_1 0.00000% 266,121,844.28 262,336,790.46 0.00 0.00 85.60432988%
SES_2 0.00000% 910,408,743.38 899,474,520.65 0.00 0.00 94.26898440%
SES_3 0.00000% 217,048,697.98 213,928,344.50 0.00 0.00 93.40103782%
SES_4 0.00000% 63,183,158.64 63,085,591.06 0.00 0.00 96.93969145%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 23,203,537.85
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 23,203,537.85
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 63,126.39
Payment of Interest and Principal 23,140,411.46
Total Withdrawals (Pool Distribution Amount) 23,203,537.85
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 60,698.44
Trustee Fee - Wells Fargo Bank, N.A. 2,427.95
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 63,126.39
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 6 0 0 0 6
2,956,372.06 0.00 0.00 0.00 2,956,372.06
60 Days 1 0 0 0 1
206,019.22 0.00 0.00 0.00 206,019.22
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 1 0 0 1
0.00 399,950.00 0.00 0.00 399,950.00
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 1 0 0 8
3,162,391.28 399,950.00 0.00 0.00 3,562,341.28
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 0.183599% 0.000000% 0.000000% 0.000000% 0.183599%
0.205349% 0.000000% 0.000000% 0.000000% 0.205349%
60 Days 0.030600% 0.000000% 0.000000% 0.000000% 0.030600%
0.014310% 0.000000% 0.000000% 0.000000% 0.014310%
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% 0.030600% 0.000000% 0.000000% 0.030600%
0.000000% 0.027780% 0.000000% 0.000000% 0.027780%
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 0.214198% 0.030600% 0.000000% 0.000000% 0.244798%
0.219659% 0.027780% 0.000000% 0.000000% 0.247440%
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 1 0 0 0 1
351,505.15 0.00 0.00 0.00 351,505.15
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
351,505.15 0.00 0.00 0.00 351,505.15
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.201613% 0.000000% 0.000000% 0.000000% 0.201613%
0.133817% 0.000000% 0.000000% 0.000000% 0.133817%
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 0.201613% 0.000000% 0.000000% 0.000000% 0.201613%
0.133817% 0.000000% 0.000000% 0.000000% 0.133817%
<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 3 0 0 0 3
1,985,386.91 0.00 0.00 0.00 1,985,386.91
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 1 0 0 1
0.00 399,950.00 0.00 0.00 399,950.00
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 1 0 0 4
1,985,386.91 399,950.00 0.00 0.00 2,385,336.91
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.181708% 0.000000% 0.000000% 0.000000% 0.181708%
0.220617% 0.000000% 0.000000% 0.000000% 0.220617%
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% 0.060569% 0.000000% 0.000000% 0.060569%
0.000000% 0.044443% 0.000000% 0.000000% 0.044443%
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 0.181708% 0.060569% 0.000000% 0.000000% 0.242277%
0.220617% 0.044443% 0.000000% 0.000000% 0.265059%
<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 2 0 0 0 2
619,480.00 0.00 0.00 0.00 619,480.00
60 Days 1 0 0 0 1
206,019.22 0.00 0.00 0.00 206,019.22
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
825,499.22 0.00 0.00 0.00 825,499.22
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.199601% 0.000000% 0.000000% 0.000000% 0.199601%
0.289572% 0.000000% 0.000000% 0.000000% 0.289572%
60 Days 0.099800% 0.000000% 0.000000% 0.000000% 0.099800%
0.096302% 0.000000% 0.000000% 0.000000% 0.096302%
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 0.299401% 0.000000% 0.000000% 0.000000% 0.299401%
0.385874% 0.000000% 0.000000% 0.000000% 0.385874%
<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 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 14,548.28
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.334400%
Weighted Average Net Coupon 4.061564%
Weighted Average Pass-Through Rate 4.059564%
Weighted Average Maturity(Stepdown Calculation ) 351
Beginning Scheduled Collateral Loan Count 3,308
Number Of Loans Paid In Full 40
Ending Scheduled Collateral Loan Count 3,268
Beginning Scheduled Collateral Balance 1,456,762,444.28
Ending Scheduled Collateral Balance 1,438,825,246.67
Ending Actual Collateral Balance at 30-Nov-2004 1,439,679,692.92
Monthly P &I Constant 6,298,496.28
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 1,438,825,246.67
Scheduled Principal 1,036,670.75
Unscheduled Principal 16,900,526.86
<caption>
Miscellaneous Reporting
Total senior percentage 97.024106%
Aggregate subordinate percentage 2.975894%
Group Level Collateral Statement
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 5 Year LIBOR Arm
Weighted Average Coupon Rate 3.912107 4.380444 4.496586
Weighted Average Net Rate 3.537106 4.130444 4.246585
Weighted Average Maturity 352 351 352
Beginning Loan Count 502 1,670 1,017
Loans Paid In Full 6 19 15
Ending Loan Count 496 1,651 1,002
Beginning Scheduled Balance 266,121,844.28 910,408,743.38 217,048,697.98
Ending scheduled Balance 262,336,790.46 899,474,520.65 213,928,344.50
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 1,282,963.67 3,859,668.43 816,096.59
Scheduled Principal 415,382.83 536,339.49 2,781.50
Unscheduled Principal 3,369,670.99 10,397,883.24 3,117,571.98
Scheduled Interest 867,580.84 3,323,328.94 813,315.09
Servicing Fees 55,442.05 189,668.48 45,218.49
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 443.54 1,517.35 361.75
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 27,721.02 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 783,974.23 3,132,143.11 767,734.85
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 3.535106 4.128444 4.244584
Group Level Collateral Statement
Group 4 Total
Collateral Description 7 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 4.892455 4.334400
Weighted Average Net Rate 4.642454 4.061564
Weighted Average Maturity 351 351
Beginning Loan Count 119 3,308
Loans Paid In Full 0 40
Ending Loan Count 119 3,268
Beginning Scheduled Balance 63,183,158.64 1,456,762,444.28
Ending scheduled Balance 63,085,591.06 1,438,825,246.67
Record Date 11/30/2004 11/30/2004
Principal And Interest Constant 339,767.59 6,298,496.28
Scheduled Principal 82,166.93 1,036,670.75
Unscheduled Principal 15,400.65 16,900,526.86
Scheduled Interest 257,600.66 5,261,825.53
Servicing Fees 13,163.15 303,492.17
Master Servicing Fees 0.00 0.00
Trustee Fee 105.31 2,427.95
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 27,721.02
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 244,332.20 4,928,184.39
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 4.640454 4.059564
<caption>
Miscellaneous Reporting
Group 1
CPR 14.200448%
Subordinate percentage 3.195414%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 96.804586%
Group 2
CPR 12.883490%
Subordinate percentage 2.924532%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.075468%
Group 3
CPR 15.937843%
Subordinate percentage 2.954880%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.045120%
<caption>
Miscellaneous Reporting
Group 4
CPR 0.292483%
Subordinate percentage 2.863560%
Subordinate prepayment percentage 0.000000%
Senior prepayment percentage 100.00
Senior percentage 97.136440%