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
FREMONT HOME LOAN TRUST
Asset Backed Certificates, Series 2004-B Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-111379-11
Pooling and Servicing Agreement) (Commission 54-2154055
(State or other File Number) 54-2154056
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, Maryland 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 FREMONT HOME LOAN
TRUST, Asset Backed Certificates, Series 2004-B 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-B
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.
FREMONT HOME LOAN TRUST
Asset Backed Certificates, Series 2004-B 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: 1/6/05
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Certificates, Series 2004-B Trust, relating to the
December 27, 2004 distribution.
EX-99.1
Fremont Home Loan Trust
Asset Backed Certificates
Record Date: 11/30/04
Distribution Date: 12/27/04
Fremont Home Loan Trust
Asset Backed Certificates
Series 2004-B
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>
IA-1 35729PDL1 SEN 2.45000% 355,846,170.06 750,736.57 15,115,448.62
IIA-1 35729PDM9 SEN 2.28000% 28,540,151.72 56,033.83 7,433,474.20
IIA-2 35729PDN7 SEN 2.42000% 138,750,000.00 289,139.58 0.00
IIA-3 35729PDP2 SEN 2.66000% 20,532,000.00 47,029.69 0.00
M-1 35729PDQ0 MEZ 2.76000% 27,654,000.00 65,724.34 0.00
M-2 35729PDR8 MEZ 2.81000% 25,679,000.00 62,136.05 0.00
M-3 35729PDS6 MEZ 2.85500% 14,617,000.00 35,935.49 0.00
M-4 35729PDT4 MEZ 3.35000% 13,432,000.00 38,747.59 0.00
M-5 35729PDU1 MEZ 3.40500% 10,667,000.00 31,276.53 0.00
M-6 35729PDV9 MEZ 3.73000% 9,877,000.00 31,724.38 0.00
M-7 35729PDW7 MEZ 4.18000% 10,667,000.00 38,395.27 0.00
M-8 35729PDX5 MEZ 4.53000% 7,901,000.00 30,820.48 0.00
M-9 35729PDY3 MEZ 5.68000% 9,877,000.00 48,309.50 0.00
C FOM0400BC OC 0.00000% 15,802,510.80 2,226,314.31 0.00
P FOM0400BP PrePay 0.00000% 100.00 495,814.89 0.00
R-1 FOM040BR1 RES 0.00000% 0.00 0.00 0.00
R-2 FOM040BR2 RES 0.00000% 0.00 0.00 0.00
Totals 689,841,932.58 4,248,138.50 22,548,922.82
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
IA-1 0.00 340,730,721.44 15,866,185.19 0.00
IIA-1 0.00 21,106,677.52 7,489,508.03 0.00
IIA-2 0.00 138,750,000.00 289,139.58 0.00
IIA-3 0.00 20,532,000.00 47,029.69 0.00
M-1 0.00 27,654,000.00 65,724.34 0.00
M-2 0.00 25,679,000.00 62,136.05 0.00
M-3 0.00 14,617,000.00 35,935.49 0.00
M-4 0.00 13,432,000.00 38,747.59 0.00
M-5 0.00 10,667,000.00 31,276.53 0.00
M-6 0.00 9,877,000.00 31,724.38 0.00
M-7 0.00 10,667,000.00 38,395.27 0.00
M-8 0.00 7,901,000.00 30,820.48 0.00
M-9 0.00 9,877,000.00 48,309.50 0.00
C 0.00 15,802,510.80 2,226,314.31 0.00
P 0.00 100.00 495,814.89 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
Totals 0.00 667,293,009.76 26,797,061.32 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>
IA-1 423,670,000.00 355,846,170.06 0.00 15,115,448.62 0.00 0.00
IIA-1 61,000,000.00 28,540,151.72 0.00 7,433,474.20 0.00 0.00
IIA-2 138,750,000.00 138,750,000.00 0.00 0.00 0.00 0.00
IIA-3 20,532,000.00 20,532,000.00 0.00 0.00 0.00 0.00
M-1 27,654,000.00 27,654,000.00 0.00 0.00 0.00 0.00
M-2 25,679,000.00 25,679,000.00 0.00 0.00 0.00 0.00
M-3 14,617,000.00 14,617,000.00 0.00 0.00 0.00 0.00
M-4 13,432,000.00 13,432,000.00 0.00 0.00 0.00 0.00
M-5 10,667,000.00 10,667,000.00 0.00 0.00 0.00 0.00
M-6 9,877,000.00 9,877,000.00 0.00 0.00 0.00 0.00
M-7 10,667,000.00 10,667,000.00 0.00 0.00 0.00 0.00
M-8 7,901,000.00 7,901,000.00 0.00 0.00 0.00 0.00
M-9 9,877,000.00 9,877,000.00 0.00 0.00 0.00 0.00
C 15,802,440.02 15,802,510.80 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
Totals 790,125,540.02 689,841,932.58 0.00 22,548,922.82 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>
IA-1 15,115,448.62 340,730,721.44 0.80423613 15,115,448.62
IIA-1 7,433,474.20 21,106,677.52 0.34601111 7,433,474.20
IIA-2 0.00 138,750,000.00 1.00000000 0.00
IIA-3 0.00 20,532,000.00 1.00000000 0.00
M-1 0.00 27,654,000.00 1.00000000 0.00
M-2 0.00 25,679,000.00 1.00000000 0.00
M-3 0.00 14,617,000.00 1.00000000 0.00
M-4 0.00 13,432,000.00 1.00000000 0.00
M-5 0.00 10,667,000.00 1.00000000 0.00
M-6 0.00 9,877,000.00 1.00000000 0.00
M-7 0.00 10,667,000.00 1.00000000 0.00
M-8 0.00 7,901,000.00 1.00000000 0.00
M-9 0.00 9,877,000.00 1.00000000 0.00
C 0.00 15,802,510.80 1.00000448 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
Totals 22,548,922.82 667,293,009.76 0.84454049 22,548,922.82
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>
IA-1 423,670,000.00 839.91354134 0.00000000 35.67741077 0.00000000
IIA-1 61,000,000.00 467.87133967 0.00000000 121.86023279 0.00000000
IIA-2 138,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IIA-3 20,532,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 27,654,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 25,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 14,617,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 13,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 10,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 9,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 10,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 7,901,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 9,877,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
C 15,802,440.02 1000.00447906 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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>
IA-1 0.00000000 35.67741077 804.23613057 0.80423613 35.67741077
IIA-1 0.00000000 121.86023279 346.01110689 0.34601111 121.86023279
IIA-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IIA-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
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
M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
C 0.00000000 0.00000000 1,000.00447906 1.00000448 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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>
IA-1 423,670,000.00 2.45000% 355,846,170.06 750,736.57 0.00 0.00
IIA-1 61,000,000.00 2.28000% 28,540,151.72 56,033.83 0.00 0.00
IIA-2 138,750,000.00 2.42000% 138,750,000.00 289,139.58 0.00 0.00
IIA-3 20,532,000.00 2.66000% 20,532,000.00 47,029.69 0.00 0.00
M-1 27,654,000.00 2.76000% 27,654,000.00 65,724.34 0.00 0.00
M-2 25,679,000.00 2.81000% 25,679,000.00 62,136.05 0.00 0.00
M-3 14,617,000.00 2.85500% 14,617,000.00 35,935.49 0.00 0.00
M-4 13,432,000.00 3.35000% 13,432,000.00 38,747.59 0.00 0.00
M-5 10,667,000.00 3.40500% 10,667,000.00 31,276.53 0.00 0.00
M-6 9,877,000.00 3.73000% 9,877,000.00 31,724.38 0.00 0.00
M-7 10,667,000.00 4.18000% 10,667,000.00 38,395.27 0.00 0.00
M-8 7,901,000.00 4.53000% 7,901,000.00 30,820.48 0.00 0.00
M-9 9,877,000.00 5.68000% 9,877,000.00 48,309.50 0.00 0.00
C 15,802,440.02 0.00000% 15,802,510.80 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
R-2 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 790,125,540.02 1,526,009.30 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>
IA-1 0.00 0.00 750,736.57 0.00 340,730,721.44
IIA-1 0.00 0.00 56,033.83 0.00 21,106,677.52
IIA-2 0.00 0.00 289,139.58 0.00 138,750,000.00
IIA-3 0.00 0.00 47,029.69 0.00 20,532,000.00
M-1 0.00 0.00 65,724.34 0.00 27,654,000.00
M-2 0.00 0.00 62,136.05 0.00 25,679,000.00
M-3 0.00 0.00 35,935.49 0.00 14,617,000.00
M-4 0.00 0.00 38,747.59 0.00 13,432,000.00
M-5 0.00 0.00 31,276.53 0.00 10,667,000.00
M-6 0.00 0.00 31,724.38 0.00 9,877,000.00
M-7 0.00 0.00 38,395.27 0.00 10,667,000.00
M-8 0.00 0.00 30,820.48 0.00 7,901,000.00
M-9 0.00 0.00 48,309.50 0.00 9,877,000.00
C 0.00 0.00 2,226,314.31 0.00 15,802,510.80
P 0.00 0.00 495,814.89 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 4,248,138.50 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>
IA-1 423,670,000.00 2.45000% 839.91354134 1.77198426 0.00000000 0.00000000
IIA-1 61,000,000.00 2.28000% 467.87133967 0.91858738 0.00000000 0.00000000
IIA-2 138,750,000.00 2.42000% 1000.00000000 2.08388886 0.00000000 0.00000000
IIA-3 20,532,000.00 2.66000% 1000.00000000 2.29055572 0.00000000 0.00000000
M-1 27,654,000.00 2.76000% 1000.00000000 2.37666667 0.00000000 0.00000000
M-2 25,679,000.00 2.81000% 1000.00000000 2.41972234 0.00000000 0.00000000
M-3 14,617,000.00 2.85500% 1000.00000000 2.45847233 0.00000000 0.00000000
M-4 13,432,000.00 3.35000% 1000.00000000 2.88472230 0.00000000 0.00000000
M-5 10,667,000.00 3.40500% 1000.00000000 2.93208306 0.00000000 0.00000000
M-6 9,877,000.00 3.73000% 1000.00000000 3.21194492 0.00000000 0.00000000
M-7 10,667,000.00 4.18000% 1000.00000000 3.59944408 0.00000000 0.00000000
M-8 7,901,000.00 4.53000% 1000.00000000 3.90083281 0.00000000 0.00000000
M-9 9,877,000.00 5.68000% 1000.00000000 4.89111066 0.00000000 0.00000000
C 15,802,440.02 0.00000% 1000.00447906 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000% 0.00000000 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>
IA-1 0.00000000 0.00000000 1.77198426 0.00000000 804.23613057
IIA-1 0.00000000 0.00000000 0.91858738 0.00000000 346.01110689
IIA-2 0.00000000 0.00000000 2.08388886 0.00000000 1000.00000000
IIA-3 0.00000000 0.00000000 2.29055572 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 2.37666667 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.41972234 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 2.45847233 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 2.88472230 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 2.93208306 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.21194492 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 3.59944408 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 3.90083281 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.89111066 0.00000000 1000.00000000
C 0.00000000 0.00000000 140.88421201 0.00000000 1000.00447906
P 0.00000000 0.00000000 4958148.90000000 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 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 26,608,337.59
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 435,976.62
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 495,814.89
Total Deposits 27,540,129.10
Withdrawals
Reimbursement for Servicer Advances 448,447.81
Payment of Service Fee 294,619.97
Payment of Interest and Principal 26,797,061.32
Total Withdrawals (Pool Distribution Amount) 27,540,129.10
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 287,434.17
Master Servicing 3,592.90
Trust Administration 3,592.90
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 294,619.97
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 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 0 1 0 1
0.00 144,091.63 0.00 144,091.63
30 Days 43 0 4 0 47
7,819,732.84 0.00 1,306,180.04 0.00 9,125,912.88
60 Days 17 1 19 0 37
2,985,390.16 109,825.19 4,230,674.35 0.00 7,325,889.70
90 Days 6 0 13 0 19
636,620.19 0.00 1,824,869.85 0.00 2,461,490.04
120 Days 0 1 6 0 7
0.00 149,334.48 763,413.76 0.00 912,748.24
150 Days 0 2 3 0 5
0.00 449,997.89 449,584.62 0.00 899,582.51
180+ Days 1 3 5 0 9
297,500.00 365,215.72 1,468,575.68 0.00 2,131,291.40
Totals 67 7 51 0 125
11,739,243.19 1,074,373.28 10,187,389.93 0.00 23,001,006.40
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% 0.031192% 0.000000% 0.031192%
0.000000% 0.021576% 0.000000% 0.021576%
30 Days 1.341235% 0.000000% 0.124766% 0.000000% 1.466001%
1.170906% 0.000000% 0.195584% 0.000000% 1.366489%
60 Days 0.530256% 0.031192% 0.592639% 0.000000% 1.154086%
0.447024% 0.016445% 0.633490% 0.000000% 1.096959%
90 Days 0.187149% 0.000000% 0.405490% 0.000000% 0.592639%
0.095326% 0.000000% 0.273251% 0.000000% 0.368577%
120 Days 0.000000% 0.031192% 0.187149% 0.000000% 0.218341%
0.000000% 0.022361% 0.114312% 0.000000% 0.136672%
150 Days 0.000000% 0.062383% 0.093575% 0.000000% 0.155958%
0.000000% 0.067381% 0.067320% 0.000000% 0.134701%
180+ Days 0.031192% 0.093575% 0.155958% 0.000000% 0.280724%
0.044547% 0.054686% 0.219901% 0.000000% 0.319134%
Totals 2.089832% 0.218341% 1.590767% 0.000000% 3.898939%
1.757802% 0.160874% 1.525432% 0.000000% 3.444108%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 435,976.62
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 7.034330%
Weighted Average Net Coupon 6.534330%
Weighted Average Pass-Through Rate 6.521830%
Weighted Average Maturity(Stepdown Calculation ) 348
Beginning Scheduled Collateral Loan Count 3,303
Number Of Loans Paid In Full 97
Ending Scheduled Collateral Loan Count 3,206
Beginning Scheduled Collateral Balance 689,841,932.58
Ending Scheduled Collateral Balance 667,293,009.76
Ending Actual Collateral Balance at 30-Nov-2004 667,836,350.35
Monthly P &I Constant 4,551,111.90
Special Servicing Fee 0.00
Prepayment Penalties 495,814.89
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 667,293,009.76
Scheduled Principal 507,298.45
Unscheduled Principal 22,041,624.37
Other Income 3,130.17
Miscellaneous Reporting
Excess Cash Amount 2,226,314.16
Extra Principal Amount 0.00
Overcollateralization Amount 15,802,510.80
Overcollateralization Deficiency 0.00
Overcollateralization Release 0.00
Target Overcollateralization Amount 15,802,510.80
Step Down NO
Trigger Event NO
Yield Maintenance Payment 0.00
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.885234 7.195383 6.685876
Weighted Average Net Rate 6.385234 6.695383 6.185876
Weighted Average Maturity 351 339 342
Beginning Loan Count 642 1,799 166
Loans Paid In Full 14 60 2
Ending Loan Count 628 1,739 164
Beginning Scheduled Balance 118,982,934.23 333,033,810.32 47,988,397.45
Ending scheduled Balance 116,393,490.81 320,507,805.12 47,454,685.44
Record Date 11/30/2004 11/30/2004 11/30/2004
Principal And Interest Constant 806,578.21 2,214,373.82 316,921.67
Scheduled Principal 123,890.41 217,452.34 49,551.27
Unscheduled Principal 2,465,553.01 12,308,552.86 484,160.74
Scheduled Interest 682,687.80 1,996,921.48 267,370.40
Servicing Fees 49,576.23 138,764.09 19,995.17
Master Servicing Fees 619.69 1,734.55 249.94
Trustee Fee 619.69 1,734.55 249.94
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 631,872.19 1,854,688.29 246,875.35
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 6.372734 6.682883 6.173376
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM
Weighted Average Coupon Rate 6.933327 7.034330
Weighted Average Net Rate 6.433327 6.534330
Weighted Average Maturity 351 348
Beginning Loan Count 696 3,303
Loans Paid In Full 21 97
Ending Loan Count 675 3,206
Beginning Scheduled Balance 189,836,790.58 689,841,932.58
Ending scheduled Balance 182,937,028.39 667,293,009.76
Record Date 11/30/2004 11/30/2004
Principal And Interest Constant 1,213,238.20 4,551,111.90
Scheduled Principal 116,404.43 507,298.45
Unscheduled Principal 6,783,357.76 22,041,624.37
Scheduled Interest 1,096,833.77 4,043,813.45
Servicing Fees 79,098.68 287,434.17
Master Servicing Fees 988.72 3,592.90
Trustee Fee 988.72 3,592.90
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 1,015,757.65 3,749,193.48
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 6.420827 6.521830