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
ASSET BACKED FUNDING CORPORATION
Asset Backed Certificates, Series 2004 OPT-1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-108551-02 54-2142304
Pooling and Servicing Agreement) (Commission 54-2142305
(State or other File Number) 54-2142306
jurisdiction 54-2142307
of Incorporation) 54-6593442
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 ASSET BACKED
FUNDING CORPORATION, Asset Backed Certificates, Series 2004 OPT-1 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Certificates, Series 2004
OPT-1 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.
ASSET BACKED FUNDING CORPORATION
Asset Backed Certificates, Series 2004 OPT-1 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: 12/30/2004
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Certificates, Series 2004 OPT-1 Trust, relating to
the December 27, 2004 distribution.
EX-99.1
Asset Backed Funding Corporation
Asset Backed Certificates
Record Date: 11/30/2004
Distribution Date: 12/27/2004
Asset Backed Funding Corporation
Asset Backed Certificates
Series 2004 OPT-1
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>
A-1 04542BEX6 SEQ 2.50000% 182,483,080.03 392,845.49 12,416,591.15
A-1A 04542BEY4 SEQ 2.60000% 9,604,506.26 21,503.42 653,513.89
A-2 04542BEZ1 SEQ 2.53000% 29,389,750.44 64,028.83 2,232,345.40
M-1 04542BFA5 SUB 2.88000% 31,439,000.00 77,968.71 0.00
M-2 04542BFB3 SUB 3.63000% 23,247,000.00 72,666.24 0.00
M-3 04542BFC1 SUB 3.78000% 7,749,000.00 25,222.99 0.00
M-4 04542BFD9 SUB 4.08000% 6,642,000.00 23,335.56 0.00
M-5 04542BFE7 SUB 4.33000% 4,428,000.00 16,510.29 0.00
M-6 04542BFF4 SUB 5.68000% 5,535,000.00 27,072.30 0.00
B 04542BFG2 SUB 6.00000% 7,749,000.00 38,745.00 0.00
CE BFCAS04OPCE SEQ 0.00000% 3,985,240.01 1,018,938.23 0.00
P BFCAS04OPTP SEQ 0.00000% 0.00 234,431.56 0.00
R BFCAS04OPTR SEQ 0.00000% 0.00 0.00 0.00
Totals 312,251,576.74 2,013,268.62 15,302,450.44
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 0.00 170,066,488.87 12,809,436.64 0.00
A-1A 0.00 8,950,992.37 675,017.31 0.00
A-2 0.00 27,157,405.05 2,296,374.23 0.00
M-1 0.00 31,439,000.00 77,968.71 0.00
M-2 0.00 23,247,000.00 72,666.24 0.00
M-3 0.00 7,749,000.00 25,222.99 0.00
M-4 0.00 6,642,000.00 23,335.56 0.00
M-5 0.00 4,428,000.00 16,510.29 0.00
M-6 0.00 5,535,000.00 27,072.30 0.00
B 0.00 7,749,000.00 38,745.00 0.00
CE 0.00 3,985,240.01 1,018,938.23 0.00
P 0.00 0.00 234,431.56 0.00
R 0.00 0.00 0.00 0.00
Totals 0.00 296,949,126.30 17,315,719.06 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>
A-1 287,504,000.00 182,483,080.03 0.00 12,416,591.15 0.00 0.00
A-1A 15,132,000.00 9,604,506.26 0.00 653,513.89 0.00 0.00
A-2 49,393,000.00 29,389,750.44 0.00 2,232,345.40 0.00 0.00
M-1 31,439,000.00 31,439,000.00 0.00 0.00 0.00 0.00
M-2 23,247,000.00 23,247,000.00 0.00 0.00 0.00 0.00
M-3 7,749,000.00 7,749,000.00 0.00 0.00 0.00 0.00
M-4 6,642,000.00 6,642,000.00 0.00 0.00 0.00 0.00
M-5 4,428,000.00 4,428,000.00 0.00 0.00 0.00 0.00
M-6 5,535,000.00 5,535,000.00 0.00 0.00 0.00 0.00
B 7,749,000.00 7,749,000.00 0.00 0.00 0.00 0.00
CE 3,986,445.89 3,985,240.01 0.00 0.00 0.00 0.00
P 0.00 0.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 442,804,445.89 312,251,576.74 0.00 15,302,450.44 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>
A-1 12,416,591.15 170,066,488.87 0.59152738 12,416,591.15
A-1A 653,513.89 8,950,992.37 0.59152738 653,513.89
A-2 2,232,345.40 27,157,405.05 0.54982295 2,232,345.40
M-1 0.00 31,439,000.00 1.00000000 0.00
M-2 0.00 23,247,000.00 1.00000000 0.00
M-3 0.00 7,749,000.00 1.00000000 0.00
M-4 0.00 6,642,000.00 1.00000000 0.00
M-5 0.00 4,428,000.00 1.00000000 0.00
M-6 0.00 5,535,000.00 1.00000000 0.00
B 0.00 7,749,000.00 1.00000000 0.00
CE 0.00 3,985,240.01 0.99969750 0.00
P 0.00 0.00 0.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 15,302,450.44 296,949,126.30 0.67061008 15,302,450.44
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>
A-1 287,504,000.00 634.71492581 0.00000000 43.18754226 0.00000000
A-1A 15,132,000.00 634.71492598 0.00000000 43.18754229 0.00000000
A-2 49,393,000.00 595.01853380 0.00000000 45.19558237 0.00000000
M-1 31,439,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 23,247,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 7,749,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 6,642,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 4,428,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 5,535,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 7,749,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 3,986,445.89 999.69750499 0.00000000 0.00000000 0.00000000
P 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1000 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>
A-1 0.00000000 43.18754226 591.52738351 0.59152738 43.18754226
A-1A 0.00000000 43.18754229 591.52738369 0.59152738 43.18754229
A-2 0.00000000 45.19558237 549.82295163 0.54982295 45.19558237
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.69750499 0.99969750 0.00000000
P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R 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>
A-1 287,504,000.00 2.50000% 182,483,080.03 392,845.52 0.00 0.00
A-1A 15,132,000.00 2.60000% 9,604,506.26 21,503.42 0.00 0.00
A-2 49,393,000.00 2.53000% 29,389,750.44 64,028.84 0.00 0.00
M-1 31,439,000.00 2.88000% 31,439,000.00 77,968.72 0.00 0.00
M-2 23,247,000.00 3.63000% 23,247,000.00 72,666.25 0.00 0.00
M-3 7,749,000.00 3.78000% 7,749,000.00 25,223.00 0.00 0.00
M-4 6,642,000.00 4.08000% 6,642,000.00 23,335.56 0.00 0.00
M-5 4,428,000.00 4.33000% 4,428,000.00 16,510.29 0.00 0.00
M-6 5,535,000.00 5.68000% 5,535,000.00 27,072.30 0.00 0.00
B 7,749,000.00 6.00000% 7,749,000.00 38,745.00 0.00 0.00
CE 3,986,445.89 0.00000% 3,985,240.01 0.00 0.00 0.00
P 0.00 0.00000% 0.01 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 442,804,445.89 759,898.90 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>
A-1 0.03 0.00 392,845.49 0.00 170,066,488.87
A-1A 0.00 0.00 21,503.42 0.00 8,950,992.37
A-2 0.00 0.00 64,028.83 0.00 27,157,405.05
M-1 0.01 0.00 77,968.71 0.00 31,439,000.00
M-2 0.00 0.00 72,666.24 0.00 23,247,000.00
M-3 0.00 0.00 25,222.99 0.00 7,749,000.00
M-4 0.00 0.00 23,335.56 0.00 6,642,000.00
M-5 0.00 0.00 16,510.29 0.00 4,428,000.00
M-6 0.00 0.00 27,072.30 0.00 5,535,000.00
B 0.00 0.00 38,745.00 0.00 7,749,000.00
CE 0.00 0.00 1,018,938.23 0.00 3,985,240.01
P 0.00 0.00 234,431.56 0.00 0.01
R 0.00 0.00 0.00 0.00 0.00
Totals 0.04 0.00 2,013,268.62 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>
A-1 287,504,000.00 2.50000% 634.71492581 1.36640019 0.00000000 0.00000000
A-1A 15,132,000.00 2.60000% 634.71492598 1.42105604 0.00000000 0.00000000
A-2 49,393,000.00 2.53000% 595.01853380 1.29631405 0.00000000 0.00000000
M-1 31,439,000.00 2.88000% 1000.00000000 2.48000000 0.00000000 0.00000000
M-2 23,247,000.00 3.63000% 1000.00000000 3.12583344 0.00000000 0.00000000
M-3 7,749,000.00 3.78000% 1000.00000000 3.25500065 0.00000000 0.00000000
M-4 6,642,000.00 4.08000% 1000.00000000 3.51333333 0.00000000 0.00000000
M-5 4,428,000.00 4.33000% 1000.00000000 3.72861111 0.00000000 0.00000000
M-6 5,535,000.00 5.68000% 1000.00000000 4.89111111 0.00000000 0.00000000
B 7,749,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
CE 3,986,445.89 0.00000% 999.69750499 0.00000000 0.00000000 0.00000000
P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1000 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>
A-1 0.00000010 0.00000000 1.36640008 0.00000000 591.52738351
A-1A 0.00000000 0.00000000 1.42105604 0.00000000 591.52738369
A-2 0.00000000 0.00000000 1.29631385 0.00000000 549.82295163
M-1 0.00000032 0.00000000 2.47999968 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.12583301 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.25499935 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.51333333 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.72861111 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 4.89111111 0.00000000 1000.00000000
B 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
CE 0.00000000 0.00000000 255.60066739 0.00000000 999.69750499
P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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 17,212,389.05
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) (20,252.30)
Prepayment Penalties 234,431.56
Total Deposits 17,426,568.31
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 110,849.25
Payment of Interest and Principal 17,315,719.06
Total Withdrawals (Pool Distribution Amount) 17,426,568.31
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 104,083.82
Credit Risk Manager Fee 4,553.65
Trustee Fee 2,211.78
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 110,849.25
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Account 0.00 0.00 0.00 0.00
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 7 1 0 8
1,005,008.16 133,999.75 0.00 1,139,007.91
30 Days 39 0 3 0 42
6,375,990.65 0.00 349,561.40 0.00 6,725,552.05
60 Days 18 2 4 0 24
2,329,998.77 117,160.68 492,406.34 0.00 2,939,565.79
90 Days 18 12 41 3 74
2,869,818.48 1,653,562.33 5,672,232.24 180,866.23 10,376,479.28
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 75 21 49 3 148
11,575,807.90 2,775,731.17 6,648,199.73 180,866.23 21,180,605.03
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 0.350350% 0.050050% 0.000000% 0.400400%
0.338245% 0.045099% 0.000000% 0.383344%
30 Days 1.951952% 0.000000% 0.150150% 0.000000% 2.102102%
2.145902% 0.000000% 0.117648% 0.000000% 2.263551%
60 Days 0.900901% 0.100100% 0.200200% 0.000000% 1.201201%
0.784184% 0.039432% 0.165724% 0.000000% 0.989340%
90 Days 0.900901% 0.600601% 2.052052% 0.150150% 3.703704%
0.965866% 0.556523% 1.909045% 0.060872% 3.492306%
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 3.753754% 1.051051% 2.452452% 0.150150% 7.407407%
3.895952% 0.934200% 2.237517% 0.060872% 7.128540%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 116,060.80
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.340000%
Weighted Average Net Coupon 6.940000%
Weighted Average Pass-Through Rate 6.914000%
Weighted Average Maturity(Stepdown Calculation ) 341
Beginning Scheduled Collateral Loan Count 2,086
Number Of Loans Paid In Full 88
Ending Scheduled Collateral Loan Count 1,998
Beginning Scheduled Collateral Balance 312,251,576.74
Ending Scheduled Collateral Balance 296,949,126.30
Ending Actual Collateral Balance at 30-Nov-2004 297,124,005.25
Monthly P &I Constant 2,188,135.38
Special Servicing Fee 0.00
Prepayment Penalties 234,431.56
Realized Loss Amount 20,252.30
Cumulative Realized Loss 151,080.91
Ending Scheduled Balance for Premium Loans 296,949,126.30
Scheduled Principal 278,196.66
Unscheduled Principal 15,024,253.78
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 3,985,240.01
Overcollateralized Amount 3,985,240.01
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 20,252.30
Excess Cash Amount 1,039,190.53
Group Level Collateral Statement
Group Group 1 Group 2 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 7.377953 7.096508 7.340000
Weighted Average Net Rate 6.977953 6.696509 6.940000
Weighted Average Maturity 341 341 341
Beginning Loan Count 1,906 180 2,086
Loans Paid In Full 80 8 88
Ending Loan Count 1,826 172 1,998
Beginning Scheduled Balance 270,143,686.70 42,107,890.04 312,251,576.74
Ending scheduled Balance 257,070,627.22 39,878,499.08 296,949,126.30
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 1,901,488.79 286,646.59 2,188,135.38
Scheduled Principal 240,565.89 37,630.77 278,196.66
Unscheduled Principal 12,832,493.59 2,191,760.19 15,024,253.78
Scheduled Interest 1,660,922.90 249,015.82 1,909,938.72
Servicing Fees 90,047.87 14,035.95 104,083.82
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,913.52 298.26 2,211.78
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 3,939.57 614.08 4,553.65
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 1,565,021.94 234,067.53 1,799,089.47
Realized Loss Amount 20,252.30 0.00 20,252.30
Cumulative Realized Loss 151,080.91 0.00 151,080.91
Percentage of Cumulative Losses 0.0397 0.0000 0.0341
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.951953 6.670508 6.914000
Miscellaneous Reporting
Group Group 1
Available Funds 14,617,829.06
Group Group 2
Available Funds 2,463,458.45