UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 26, 2004
FIRST FRANKLIN MORTGAGE LOAN TRUST
Asset Backed Certificates, Series 2004-FF2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-111379-07 54-2151947
Pooling and Servicing Agreement) (Commission 54-2151948
(State or other File Number) IRS EIN
jurisdiction
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
Subsequent to filing the 8-K relating to the payment date on July 26, 2004,
a revision was made to the FIRST FRANKLIN MORTGAGE LOAN TRUST, Asset Backed
Certificates, Series 2004-FF2 which was not included in the original 8-K filed.
The 8-K is being amended because Additional reporting was added. This revision
was not previously disclosed in a 1934 Act filing. The revised data has been
and will continue to be available on the Wells Fargo Bank, website at
www.ctslink.com.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Amended monthly report distributed to holders
of Asset Backed Certificates, Series
2004-FF2 Trust, relating to the July 26,
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.
FIRST FRANKLIN MORTGAGE LOAN TRUST
Asset Backed Certificates, Series 2004-FF2 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: 3/15/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Amended monthly report distributed to holders of Asset
Backed Certificates, Series 2004-FF2 Trust, relating
to the July 26, 2004 distribution.
EX-99.1
First Franklin Mortgage Loan Trust
Asset Backed Certificates
Record Date: 6/30/2004
Distribution Date: 7/26/2004
First Franklin Mortgage Loan Trust
Asset Backed Certificates
Series 2004-FF2
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 32027NHB0 SEN 1.52000% 303,483,612.10 397,226.33 8,000,221.55
A-2 32027NHC8 SEN 1.39000% 113,474,363.77 135,822.51 5,749,784.22
A-3 32027NHD6 SEN 1.50000% 184,000,000.00 237,666.67 0.00
A-4 32027NHE4 SEN 1.67000% 30,836,000.00 44,343.88 0.00
A-5 32027NHF1 SEN 1.38000% 22,694,872.75 26,969.07 1,149,956.84
A-6 32027NHG9 SEN 1.52000% 48,228,786.61 63,126.12 1,255,797.20
M-1 32027NHH7 MEZ 1.75000% 26,374,000.00 39,744.15 0.00
M-2 32027NHJ3 MEZ 1.80000% 24,176,000.00 37,472.80 0.00
M-3 32027NHK0 MEZ 1.85000% 15,385,000.00 24,509.16 0.00
M-4 32027NHL8 MEZ 2.20000% 10,989,000.00 20,818.05 0.00
M-5 32027NHM6 MEZ 2.30000% 15,385,000.00 30,470.85 0.00
M-6 32027NHN4 MEZ 2.55000% 9,670,000.00 21,233.71 0.00
M-7 32027NHP9 MEZ 2.97500% 12,308,000.00 31,530.70 0.00
M-8 32027NHQ7 MEZ 3.10000% 9,670,000.00 25,813.53 0.00
M-9 32027NHR5 MEZ 4.20000% 8,791,000.00 31,794.12 0.00
B 32027NHS3 SUB 4.80000% 10,549,000.00 43,602.53 0.00
C FFM04FF2C SEN 0.00000% 6,153,851.87 3,411,558.84 0.00
P FFM04FF2P SEN 0.00000% 100.00 364,185.88 0.00
R 32027NHT1 RES 0.00000% 0.00 0.00 0.00
Totals 852,168,587.10 4,987,888.90 16,155,759.81
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 0.00 295,483,390.55 8,397,447.88 0.00
A-2 0.00 107,724,579.56 5,885,606.73 0.00
A-3 0.00 184,000,000.00 237,666.67 0.00
A-4 0.00 30,836,000.00 44,343.88 0.00
A-5 0.00 21,544,915.91 1,176,925.91 0.00
A-6 0.00 46,972,989.41 1,318,923.32 0.00
M-1 0.00 26,374,000.00 39,744.15 0.00
M-2 0.00 24,176,000.00 37,472.80 0.00
M-3 0.00 15,385,000.00 24,509.16 0.00
M-4 0.00 10,989,000.00 20,818.05 0.00
M-5 0.00 15,385,000.00 30,470.85 0.00
M-6 0.00 9,670,000.00 21,233.71 0.00
M-7 0.00 12,308,000.00 31,530.70 0.00
M-8 0.00 9,670,000.00 25,813.53 0.00
M-9 0.00 8,791,000.00 31,794.12 0.00
B 0.00 10,549,000.00 43,602.53 0.00
C 0.00 6,153,851.87 3,411,558.84 0.00
P 0.00 100.00 364,185.88 0.00
R 0.00 0.00 0.00 0.00
Totals 0.00 836,012,827.30 21,143,648.71 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-1 314,835,000.00 303,483,612.10 144,427.19 7,855,794.36 0.00 0.00
A-2 125,000,000.00 113,474,363.77 100,088.55 5,649,695.67 0.00 0.00
A-3 184,000,000.00 184,000,000.00 0.00 0.00 0.00 0.00
A-4 30,836,000.00 30,836,000.00 0.00 0.00 0.00 0.00
A-5 25,000,000.00 22,694,872.75 20,017.71 1,129,939.13 0.00 0.00
A-6 50,000,000.00 48,228,786.61 17,666.88 1,238,130.32 0.00 0.00
M-1 26,374,000.00 26,374,000.00 0.00 0.00 0.00 0.00
M-2 24,176,000.00 24,176,000.00 0.00 0.00 0.00 0.00
M-3 15,385,000.00 15,385,000.00 0.00 0.00 0.00 0.00
M-4 10,989,000.00 10,989,000.00 0.00 0.00 0.00 0.00
M-5 15,385,000.00 15,385,000.00 0.00 0.00 0.00 0.00
M-6 9,670,000.00 9,670,000.00 0.00 0.00 0.00 0.00
M-7 12,308,000.00 12,308,000.00 0.00 0.00 0.00 0.00
M-8 9,670,000.00 9,670,000.00 0.00 0.00 0.00 0.00
M-9 8,791,000.00 8,791,000.00 0.00 0.00 0.00 0.00
B 10,549,000.00 10,549,000.00 0.00 0.00 0.00 0.00
C 6,153,595.34 6,153,851.87 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 879,121,695.34 852,168,587.10 282,200.33 15,873,559.48 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 8,000,221.55 295,483,390.55 0.93853412 8,000,221.55
A-2 5,749,784.22 107,724,579.56 0.86179664 5,749,784.22
A-3 0.00 184,000,000.00 1.00000000 0.00
A-4 0.00 30,836,000.00 1.00000000 0.00
A-5 1,149,956.84 21,544,915.91 0.86179664 1,149,956.84
A-6 1,255,797.20 46,972,989.41 0.93945979 1,255,797.20
M-1 0.00 26,374,000.00 1.00000000 0.00
M-2 0.00 24,176,000.00 1.00000000 0.00
M-3 0.00 15,385,000.00 1.00000000 0.00
M-4 0.00 10,989,000.00 1.00000000 0.00
M-5 0.00 15,385,000.00 1.00000000 0.00
M-6 0.00 9,670,000.00 1.00000000 0.00
M-7 0.00 12,308,000.00 1.00000000 0.00
M-8 0.00 9,670,000.00 1.00000000 0.00
M-9 0.00 8,791,000.00 1.00000000 0.00
B 0.00 10,549,000.00 1.00000000 0.00
C 0.00 6,153,851.87 1.00004169 0.00
P 0.00 100.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 16,155,759.81 836,012,827.30 0.95096371 16,155,759.81
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-1 314,835,000.00 963.94496196 0.45873931 24.95209986 0.00000000
A-2 125,000,000.00 907.79491016 0.80070840 45.19756536 0.00000000
A-3 184,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 30,836,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 25,000,000.00 907.79491000 0.80070840 45.19756520 0.00000000
A-6 50,000,000.00 964.57573220 0.35333760 24.76260640 0.00000000
M-1 26,374,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 24,176,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 15,385,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 10,989,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 15,385,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 9,670,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 12,308,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 9,670,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 8,791,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 10,549,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
C 6,153,595.34 1000.04168782 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Clases 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>
A-1 0.00000000 25.41083917 938.53412279 0.93853412 25.41083917
A-2 0.00000000 45.99827376 861.79663648 0.86179664 45.99827376
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5 0.00000000 45.99827360 861.79663640 0.86179664 45.99827360
A-6 0.00000000 25.11594400 939.45978820 0.93945979 25.11594400
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
B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
C 0.00000000 0.00000000 1,000.04168782 1.00004169 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 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-1 314,835,000.00 1.52000% 303,483,612.10 397,226.33 0.00 0.00
A-2 125,000,000.00 1.39000% 113,474,363.77 135,822.51 0.00 0.00
A-3 184,000,000.00 1.50000% 184,000,000.00 237,666.67 0.00 0.00
A-4 30,836,000.00 1.67000% 30,836,000.00 44,343.88 0.00 0.00
A-5 25,000,000.00 1.38000% 22,694,872.75 26,969.07 0.00 0.00
A-6 50,000,000.00 1.52000% 48,228,786.61 63,126.12 0.00 0.00
M-1 26,374,000.00 1.75000% 26,374,000.00 39,744.15 0.00 0.00
M-2 24,176,000.00 1.80000% 24,176,000.00 37,472.80 0.00 0.00
M-3 15,385,000.00 1.85000% 15,385,000.00 24,509.16 0.00 0.00
M-4 10,989,000.00 2.20000% 10,989,000.00 20,818.05 0.00 0.00
M-5 15,385,000.00 2.30000% 15,385,000.00 30,470.85 0.00 0.00
M-6 9,670,000.00 2.55000% 9,670,000.00 21,233.71 0.00 0.00
M-7 12,308,000.00 2.97500% 12,308,000.00 31,530.70 0.00 0.00
M-8 9,670,000.00 3.10000% 9,670,000.00 25,813.53 0.00 0.00
M-9 8,791,000.00 4.20000% 8,791,000.00 31,794.12 0.00 0.00
B 10,549,000.00 4.80000% 10,549,000.00 43,602.53 0.00 0.00
C 6,153,595.34 0.00000% 6,153,851.87 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 879,121,695.34 1,212,144.18 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 0.00 0.00 397,226.33 0.00 295,483,390.55
A-2 0.00 0.00 135,822.51 0.00 107,724,579.56
A-3 0.00 0.00 237,666.67 0.00 184,000,000.00
A-4 0.00 0.00 44,343.88 0.00 30,836,000.00
A-5 0.00 0.00 26,969.07 0.00 21,544,915.91
A-6 0.00 0.00 63,126.12 0.00 46,972,989.41
M-1 0.00 0.00 39,744.15 0.00 26,374,000.00
M-2 0.00 0.00 37,472.80 0.00 24,176,000.00
M-3 0.00 0.00 24,509.16 0.00 15,385,000.00
M-4 0.00 0.00 20,818.05 0.00 10,989,000.00
M-5 0.00 0.00 30,470.85 0.00 15,385,000.00
M-6 0.00 0.00 21,233.71 0.00 9,670,000.00
M-7 0.00 0.00 31,530.70 0.00 12,308,000.00
M-8 0.00 0.00 25,813.53 0.00 9,670,000.00
M-9 0.00 0.00 31,794.12 0.00 8,791,000.00
B 0.00 0.00 43,602.53 0.00 10,549,000.00
C 0.00 0.00 3,411,558.84 0.00 6,153,851.87
P 0.00 0.00 364,185.88 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 4,987,888.90 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-1 314,835,000.00 1.52000% 963.94496196 1.26169686 0.00000000 0.00000000
A-2 125,000,000.00 1.39000% 907.79491016 1.08658008 0.00000000 0.00000000
A-3 184,000,000.00 1.50000% 1000.00000000 1.29166668 0.00000000 0.00000000
A-4 30,836,000.00 1.67000% 1000.00000000 1.43805552 0.00000000 0.00000000
A-5 25,000,000.00 1.38000% 907.79491000 1.07876280 0.00000000 0.00000000
A-6 50,000,000.00 1.52000% 964.57573220 1.26252240 0.00000000 0.00000000
M-1 26,374,000.00 1.75000% 1000.00000000 1.50694434 0.00000000 0.00000000
M-2 24,176,000.00 1.80000% 1000.00000000 1.55000000 0.00000000 0.00000000
M-3 15,385,000.00 1.85000% 1000.00000000 1.59305557 0.00000000 0.00000000
M-4 10,989,000.00 2.20000% 1000.00000000 1.89444444 0.00000000 0.00000000
M-5 15,385,000.00 2.30000% 1000.00000000 1.98055574 0.00000000 0.00000000
M-6 9,670,000.00 2.55000% 1000.00000000 2.19583351 0.00000000 0.00000000
M-7 12,308,000.00 2.97500% 1000.00000000 2.56180533 0.00000000 0.00000000
M-8 9,670,000.00 3.10000% 1000.00000000 2.66944467 0.00000000 0.00000000
M-9 8,791,000.00 4.20000% 1000.00000000 3.61666705 0.00000000 0.00000000
B 10,549,000.00 4.80000% 1000.00000000 4.13333302 0.00000000 0.00000000
C 6,153,595.34 0.00000% 1000.04168782 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) Per $1 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 0.00000000 0.00000000 1.26169686 0.00000000 938.53412279
A-2 0.00000000 0.00000000 1.08658008 0.00000000 861.79663648
A-3 0.00000000 0.00000000 1.29166668 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 1.43805552 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 1.07876280 0.00000000 861.79663640
A-6 0.00000000 0.00000000 1.26252240 0.00000000 939.45978820
M-1 0.00000000 0.00000000 1.50694434 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 1.55000000 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 1.59305557 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 1.89444444 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 1.98055574 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 2.19583351 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 2.56180533 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 2.66944467 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 3.61666705 0.00000000 1000.00000000
B 0.00000000 0.00000000 4.13333302 0.00000000 1000.00000000
C 0.00000000 0.00000000 554.40090736 0.00000000 1000.04168782
P 0.00000000 0.00000000 3641858.80000000 0.00000000 1000.00000000
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 21,003,472.63
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 364,185.88
Total Deposits 21,367,658.51
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 358,976.17
Payment of Interest and Principal 21,008,682.34
Total Withdrawals (Pool Distribution Amount) 21,367,658.51
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 355,070.39
Trustee Fee 3,905.78
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 358,976.17
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Financial Guaranty 0.00 0.00 0.00 0.00
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 5 0 0 5
485,473.39 0.00 0.00 485,473.39
30 Days 80 0 0 0 80
10,464,155.77 0.00 0.00 0.00 10,464,155.77
60 Days 9 0 0 0 9
1,965,883.32 0.00 0.00 0.00 1,965,883.32
90 Days 1 0 0 0 1
62,143.06 0.00 0.00 0.00 62,143.06
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 90 5 0 0 95
12,492,182.15 485,473.39 0.00 0.00 12,977,655.54
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 0.121832% 0.000000% 0.000000% 0.121832%
0.058070% 0.000000% 0.000000% 0.058070%
30 Days 1.949318% 0.000000% 0.000000% 0.000000% 1.949318%
1.251674% 0.000000% 0.000000% 0.000000% 1.251674%
60 Days 0.219298% 0.000000% 0.000000% 0.000000% 0.219298%
0.235150% 0.000000% 0.000000% 0.000000% 0.235150%
90 Days 0.024366% 0.000000% 0.000000% 0.000000% 0.024366%
0.007433% 0.000000% 0.000000% 0.000000% 0.007433%
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 2.192982% 0.121832% 0.000000% 0.000000% 2.314815%
1.494257% 0.058070% 0.000000% 0.000000% 1.552327%
OTHER INFORMATION
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Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.826698%
Weighted Average Net Coupon 6.326698%
Weighted Average Pass-Through Rate 6.321198%
Weighted Average Maturity(Stepdown Calculation ) 352
Beginning Scheduled Collateral Loan Count 4,174
Number Of Loans Paid In Full 70
Ending Scheduled Collateral Loan Count 4,104
Beginning Scheduled Collateral Balance 852,168,587.11
Ending Scheduled Collateral Balance 836,012,827.30
Ending Actual Collateral Balance at 30-Jun-2004 836,012,827.30
Monthly P &I Constant 5,130,114.81
Special Servicing Fee 0.00
Prepayment Penalties 364,185.88
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 836,012,827.30
Scheduled Principal 282,200.33
Unscheduled Principal 15,873,559.48
Cap Payment 134,967.51
Miscellaneous Reporting
Overcollateralized Amount 6,153,851.87
Overcollateralized Deficiency Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Trigger Event Not in Trigger
Stepdown Date Not in Stepdown
Cap Payment 0.00