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-I Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-44
Pooling and Servicing Agreement) (Commission 54-2161174
(State or other File Number) 54-2161175
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-I
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-I 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-I 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-I 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-I
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 05949ARP7 SEN 3.53140% 55,772,076.80 164,127.90 6,479,412.16
1A2 05949ARQ5 SEN 4.18640% 21,213,445.53 74,006.63 2,464,506.70
1AR 05949ARR3 SEN 3.71365% 0.00 0.00 0.00
1ALR 05949ARS1 SEN 3.71365% 0.00 0.36 0.00
2A1 05949ART9 SEN 4.16345% 14,491,006.10 50,277.19 458,910.60
2A2 05949ARU6 SEN 4.74745% 359,231,075.22 1,421,193.98 11,376,363.06
2A3 05949ARV4 SEN 4.74745% 12,837,099.27 50,786.28 406,533.60
3A1 05949ARW2 SEN 4.72536% 28,151,087.83 110,853.24 1,240,533.58
3A2 05949ARX0 SEN 5.00536% 28,151,087.83 117,421.83 1,240,533.58
B1 05949ARY8 SUB 4.59033% 10,300,430.17 39,402.01 5,343.52
B2 05949ARZ5 SUB 4.59033% 3,340,572.06 12,778.62 1,732.98
B3 05949ASA9 SUB 4.59033% 1,948,001.05 7,451.65 1,010.56
B4 05949ASB7 SUB 4.59033% 1,392,571.01 5,326.97 722.42
B5 05949ASC5 SUB 4.59033% 835,143.01 3,194.65 433.24
B6 05949ASD3 SUB 4.59033% 1,391,943.65 5,324.57 722.09
1IO 05949ASE1 SEN 0.80251% 0.00 53,389.78 0.00
2IO 05949ASF8 SEN 0.36589% 0.00 122,222.70 0.00
3IO 05949ASG6 SEN 0.48700% 0.00 23,690.28 0.00
Totals 539,055,539.53 2,261,448.64 23,676,758.09
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 49,292,664.64 6,643,540.06 0.00
1A2 0.00 18,748,938.83 2,538,513.33 0.00
1AR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.36 0.00
2A1 0.00 14,032,095.51 509,187.79 0.00
2A2 0.00 347,854,712.16 12,797,557.04 0.00
2A3 0.00 12,430,565.67 457,319.88 0.00
3A1 0.00 26,910,554.26 1,351,386.82 0.00
3A2 0.00 26,910,554.26 1,357,955.41 0.00
B1 0.00 10,295,086.65 44,745.53 0.00
B2 0.00 3,338,839.08 14,511.60 0.00
B3 0.00 1,946,990.49 8,462.21 0.00
B4 0.00 1,391,848.59 6,049.39 0.00
B5 0.00 834,709.77 3,627.89 0.00
B6 0.00 1,391,221.56 6,046.66 0.00
1IO 0.00 0.00 53,389.78 0.00
2IO 0.00 0.00 122,222.70 0.00
3IO 0.00 0.00 23,690.28 0.00
Totals 0.00 515,378,781.47 25,938,206.73 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 57,840,000.00 55,772,076.80 50,574.59 6,428,837.57 0.00 0.00
1A2 22,000,000.00 21,213,445.53 19,236.53 2,445,270.17 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 15,000,000.00 14,491,006.10 5,309.42 453,601.17 0.00 0.00
2A2 371,849,000.00 359,231,075.22 131,620.28 11,244,742.78 0.00 0.00
2A3 13,288,000.00 12,837,099.27 4,703.44 401,830.16 0.00 0.00
3A1 29,042,000.00 28,151,087.83 29,165.15 1,211,368.43 0.00 0.00
3A2 29,042,000.00 28,151,087.83 29,165.15 1,211,368.43 0.00 0.00
B1 10,311,000.00 10,300,430.17 5,343.52 0.00 0.00 0.00
B2 3,344,000.00 3,340,572.06 1,732.98 0.00 0.00 0.00
B3 1,950,000.00 1,948,001.05 1,010.56 0.00 0.00 0.00
B4 1,394,000.00 1,392,571.01 722.42 0.00 0.00 0.00
B5 836,000.00 835,143.01 433.24 0.00 0.00 0.00
B6 1,393,372.00 1,391,943.65 722.09 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
3IO 0.00 0.00 0.00 0.00 0.00 0.00
Totals 557,289,472.00 539,055,539.53 279,739.37 23,397,018.71 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 6,479,412.16 49,292,664.64 0.85222449 6,479,412.16
1A2 2,464,506.70 18,748,938.83 0.85222449 2,464,506.70
1AR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 458,910.60 14,032,095.51 0.93547303 458,910.60
2A2 11,376,363.06 347,854,712.16 0.93547303 11,376,363.06
2A3 406,533.60 12,430,565.67 0.93547303 406,533.60
3A1 1,240,533.58 26,910,554.26 0.92660816 1,240,533.58
3A2 1,240,533.58 26,910,554.26 0.92660816 1,240,533.58
B1 5,343.52 10,295,086.65 0.99845666 5,343.52
B2 1,732.98 3,338,839.08 0.99845666 1,732.98
B3 1,010.56 1,946,990.49 0.99845666 1,010.56
B4 722.42 1,391,848.59 0.99845666 722.42
B5 433.24 834,709.77 0.99845666 433.24
B6 722.09 1,391,221.56 0.99845666 722.09
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
Totals 23,676,758.09 515,378,781.47 0.92479547 23,676,758.09
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 57,840,000.00 964.24752420 0.87438779 111.14864402 0.00000000
1A2 22,000,000.00 964.24752409 0.87438773 111.14864409 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 15,000,000.00 966.06707333 0.35396133 30.24007800 0.00000000
2A2 371,849,000.00 966.06707352 0.35396163 30.24007804 0.00000000
2A3 13,288,000.00 966.06707330 0.35396147 30.24007827 0.00000000
3A1 29,042,000.00 969.32331899 1.00424041 41.71091626 0.00000000
3A2 29,042,000.00 969.32331899 1.00424041 41.71091626 0.00000000
B1 10,311,000.00 998.97489768 0.51823489 0.00000000 0.00000000
B2 3,344,000.00 998.97489833 0.51823565 0.00000000 0.00000000
B3 1,950,000.00 998.97489744 0.51823590 0.00000000 0.00000000
B4 1,394,000.00 998.97489957 0.51823529 0.00000000 0.00000000
B5 836,000.00 998.97489234 0.51822967 0.00000000 0.00000000
B6 1,393,372.00 998.97489687 0.51823203 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
3IO 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 112.02303181 852.22449239 0.85222449 112.02303181
1A2 0.00000000 112.02303182 852.22449227 0.85222449 112.02303182
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 30.59404000 935.47303400 0.93547303 30.59404000
2A2 0.00000000 30.59403968 935.47303384 0.93547303 30.59403968
2A3 0.00000000 30.59403974 935.47303356 0.93547303 30.59403974
3A1 0.00000000 42.71515667 926.60816266 0.92660816 42.71515667
3A2 0.00000000 42.71515667 926.60816266 0.92660816 42.71515667
B1 0.00000000 0.51823489 998.45666279 0.99845666 0.51823489
B2 0.00000000 0.51823565 998.45666268 0.99845666 0.51823565
B3 0.00000000 0.51823590 998.45666154 0.99845666 0.51823590
B4 0.00000000 0.51823529 998.45666428 0.99845666 0.51823529
B5 0.00000000 0.51822967 998.45666268 0.99845666 0.51822967
B6 0.00000000 0.51823203 998.45666484 0.99845666 0.51823203
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
<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 57,840,000.00 3.53140% 55,772,076.80 164,127.90 0.00 0.00
1A2 22,000,000.00 4.18640% 21,213,445.53 74,006.63 0.00 0.00
1AR 50.00 3.71365% 0.00 0.00 0.00 0.00
1ALR 50.00 3.71365% 0.00 0.00 0.00 0.00
2A1 15,000,000.00 4.16345% 14,491,006.10 50,277.19 0.00 0.00
2A2 371,849,000.00 4.74745% 359,231,075.22 1,421,193.98 0.00 0.00
2A3 13,288,000.00 4.74745% 12,837,099.27 50,786.28 0.00 0.00
3A1 29,042,000.00 4.72536% 28,151,087.83 110,853.24 0.00 0.00
3A2 29,042,000.00 5.00536% 28,151,087.83 117,421.83 0.00 0.00
B1 10,311,000.00 4.59033% 10,300,430.17 39,402.01 0.00 0.00
B2 3,344,000.00 4.59033% 3,340,572.06 12,778.62 0.00 0.00
B3 1,950,000.00 4.59033% 1,948,001.05 7,451.65 0.00 0.00
B4 1,394,000.00 4.59033% 1,392,571.01 5,326.97 0.00 0.00
B5 836,000.00 4.59033% 835,143.01 3,194.65 0.00 0.00
B6 1,393,372.00 4.59033% 1,391,943.65 5,324.57 0.00 0.00
1IO 0.00 0.80251% 79,833,787.88 53,389.78 0.00 0.00
2IO 0.00 0.36589% 400,847,345.26 122,222.70 0.00 0.00
3IO 0.00 0.48700% 58,374,406.74 23,690.28 0.00 0.00
Totals 557,289,472.00 2,261,448.28 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 0.00 164,127.90 0.00 49,292,664.64
1A2 0.00 0.00 74,006.63 0.00 18,748,938.83
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.36 0.00 0.00
2A1 0.00 0.00 50,277.19 0.00 14,032,095.51
2A2 0.00 0.00 1,421,193.98 0.00 347,854,712.16
2A3 0.00 0.00 50,786.28 0.00 12,430,565.67
3A1 0.00 0.00 110,853.24 0.00 26,910,554.26
3A2 0.00 0.00 117,421.83 0.00 26,910,554.26
B1 0.00 0.00 39,402.01 0.00 10,295,086.65
B2 0.00 0.00 12,778.62 0.00 3,338,839.08
B3 0.00 0.00 7,451.65 0.00 1,946,990.49
B4 0.00 0.00 5,326.97 0.00 1,391,848.59
B5 0.00 0.00 3,194.65 0.00 834,709.77
B6 0.00 0.00 5,324.57 0.00 1,391,221.56
1IO 0.00 0.00 53,389.78 0.00 70,887,286.19
2IO 0.00 0.00 122,222.70 0.00 388,600,302.90
3IO 0.00 0.00 23,690.28 0.00 55,891,192.71
Totals 0.00 0.00 2,261,448.64 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 57,840,000.00 3.53140% 964.24752420 2.83761929 0.00000000 0.00000000
1A2 22,000,000.00 4.18640% 964.24752409 3.36393773 0.00000000 0.00000000
1AR 50.00 3.71365% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 3.71365% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 15,000,000.00 4.16345% 966.06707333 3.35181267 0.00000000 0.00000000
2A2 371,849,000.00 4.74745% 966.06707352 3.82196531 0.00000000 0.00000000
2A3 13,288,000.00 4.74745% 966.06707330 3.82196568 0.00000000 0.00000000
3A1 29,042,000.00 4.72536% 969.32331899 3.81699745 0.00000000 0.00000000
3A2 29,042,000.00 5.00536% 969.32331899 4.04317299 0.00000000 0.00000000
B1 10,311,000.00 4.59033% 998.97489768 3.82135680 0.00000000 0.00000000
B2 3,344,000.00 4.59033% 998.97489833 3.82135766 0.00000000 0.00000000
B3 1,950,000.00 4.59033% 998.97489744 3.82135897 0.00000000 0.00000000
B4 1,394,000.00 4.59033% 998.97489957 3.82135581 0.00000000 0.00000000
B5 836,000.00 4.59033% 998.97489234 3.82135167 0.00000000 0.00000000
B6 1,393,372.00 4.59033% 998.97489687 3.82135568 0.00000000 0.00000000
1IO 0.00 0.80251% 965.41764159 0.64563435 0.00000000 0.00000000
2IO 0.00 0.36589% 967.21297207 0.29491372 0.00000000 0.00000000
3IO 0.00 0.48700% 970.31129332 0.39378467 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 2.83761929 0.00000000 852.22449239
1A2 0.00000000 0.00000000 3.36393773 0.00000000 852.22449227
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 7.20000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.35181267 0.00000000 935.47303400
2A2 0.00000000 0.00000000 3.82196531 0.00000000 935.47303384
2A3 0.00000000 0.00000000 3.82196568 0.00000000 935.47303356
3A1 0.00000000 0.00000000 3.81699745 0.00000000 926.60816266
3A2 0.00000000 0.00000000 4.04317299 0.00000000 926.60816266
B1 0.00000000 0.00000000 3.82135680 0.00000000 998.45666279
B2 0.00000000 0.00000000 3.82135766 0.00000000 998.45666268
B3 0.00000000 0.00000000 3.82135897 0.00000000 998.45666154
B4 0.00000000 0.00000000 3.82135581 0.00000000 998.45666428
B5 0.00000000 0.00000000 3.82135167 0.00000000 998.45666268
B6 0.00000000 0.00000000 3.82135568 0.00000000 998.45666484
1IO 0.00000000 0.00000000 0.64563435 0.00000000 857.22898123
2IO 0.00000000 0.00000000 0.29491372 0.00000000 937.66182653
3IO 0.00000000 0.00000000 0.39378467 0.00000000 929.03480330
<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 26,060,847.44
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 26,060,847.44
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 122,640.71
Payment of Interest and Principal 25,938,206.73
Total Withdrawals (Pool Distribution Amount) 26,060,847.44
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 120,619.25
Trustee Fee - Wells Fargo Bank, N.A. 2,021.46
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 122,640.71
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
2,314,000.00 0.00 0.00 0.00 2,314,000.00
60 Days 2 0 0 0 2
1,129,510.00 0.00 0.00 0.00 1,129,510.00
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 6 0 0 0 6
3,443,510.00 0.00 0.00 0.00 3,443,510.00
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.402820% 0.000000% 0.000000% 0.000000% 0.402820%
0.448805% 0.000000% 0.000000% 0.000000% 0.448805%
60 Days 0.201410% 0.000000% 0.000000% 0.000000% 0.201410%
0.219071% 0.000000% 0.000000% 0.000000% 0.219071%
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 0.604230% 0.000000% 0.000000% 0.000000% 0.604230%
0.667876% 0.000000% 0.000000% 0.000000% 0.667876%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
<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 4 0 0 0 4
2,314,000.00 0.00 0.00 0.00 2,314,000.00
60 Days 2 0 0 0 2
1,129,510.00 0.00 0.00 0.00 1,129,510.00
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 6 0 0 0 6
3,443,510.00 0.00 0.00 0.00 3,443,510.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.536193% 0.000000% 0.000000% 0.000000% 0.536193%
0.595295% 0.000000% 0.000000% 0.000000% 0.595295%
60 Days 0.268097% 0.000000% 0.000000% 0.000000% 0.268097%
0.290575% 0.000000% 0.000000% 0.000000% 0.290575%
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 0.804290% 0.000000% 0.000000% 0.000000% 0.804290%
0.885870% 0.000000% 0.000000% 0.000000% 0.885870%
<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%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 14,984.49
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.307258%
Weighted Average Net Coupon 5.038746%
Weighted Average Pass-Through Rate 5.034246%
Weighted Average Maturity(Stepdown Calculation ) 356
Beginning Scheduled Collateral Loan Count 1,033
Number Of Loans Paid In Full 40
Ending Scheduled Collateral Loan Count 993
Beginning Scheduled Collateral Balance 539,055,539.88
Ending Scheduled Collateral Balance 515,378,781.47
Ending Actual Collateral Balance at 30-Nov-2004 515,591,022.00
Monthly P &I Constant 2,663,828.55
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 279,739.38
Unscheduled Principal 23,397,018.70
Ancilliary Fees $3,623.39
<caption>
Miscellaneous Reporting
Total Senior Percentage 96.436608%
Aggregate Subordinate Percentage 3.563392%
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 4.893900 5.345954 5.606854
Weighted Average Net Rate 4.518900 5.095954 5.356854
Weighted Average Maturity 356 355 356
Beginning Loan Count 156 767 110
Loans Paid In Full 15 21 4
Ending Loan Count 141 746 106
Beginning Scheduled Balance 79,833,787.88 400,847,345.26 58,374,406.74
Ending scheduled Balance 70,887,286.19 388,600,302.90 55,891,192.71
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 397,976.08 1,932,627.96 333,224.51
Scheduled Principal 72,393.95 146,868.25 60,477.18
Unscheduled Principal 8,874,107.74 12,100,174.11 2,422,736.85
Scheduled Interest 325,582.13 1,785,759.71 272,747.33
Servicing Fees 24,948.06 83,509.86 12,161.33
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 299.38 1,503.18 218.90
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 300,334.69 1,700,746.67 260,367.10
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 4.514400 5.091454 5.352354
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 5.307258
Weighted Average Net Rate 5.038746
Weighted Average Maturity 356
Beginning Loan Count 1,033
Loans Paid In Full 40
Ending Loan Count 993
Beginning Scheduled Balance 539,055,539.88
Ending scheduled Balance 515,378,781.80
Record Date 11/30/2004
Principal And Interest Constant 2,663,828.55
Scheduled Principal 279,739.38
Unscheduled Principal 23,397,018.70
Scheduled Interest 2,384,089.17
Servicing Fees 120,619.25
Master Servicing Fees 0.00
Trustee Fee 2,021.46
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,261,448.46
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 5.034246
<caption>
Miscellaneous Reporting
Group 1
CPR 75.716718%
Subordinate Percentage 3.567744%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.432256%
Group 2
CPR 30.785146%
Subordinate Percentage 3.564490%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.435510%
Group 3
CPR 39.902994%
Subordinate Percentage 3.549897%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.450103%