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): August 25, 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 August 25, 2004,
a revision was made to the FIRST FRANKLIN MORTGAGE LOAN TRUST, Asset Backed
Certificates, Series 2004-FF2 Trust which was not included in the original
8-K filed. The 8-K is being amended because Greenwich additional reporting was
not created on time. 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, N.A., 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 August 25, 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: 4/14/2005
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 August 25, 2004 distribution.
EX-99.1
First Franklin Mortgage Loan Trust
Asset Backed Certificates
Record Date: 7/31/2004
Distribution Date: 8/25/2004
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 1.67000% 295,483,390.55 411,214.39 8,765,026.07
A-2 32027NHC8 SEN 1.54000% 107,724,579.56 138,246.54 7,112,129.40
A-3 32027NHD6 SEN 1.65000% 184,000,000.00 253,000.00 0.00
A-4 32027NHE4 SEN 1.82000% 30,836,000.00 46,767.93 0.00
A-5 32027NHF1 SEN 1.53000% 21,544,915.91 27,469.77 1,422,425.88
A-6 32027NHG9 SEN 1.67000% 46,972,989.41 65,370.74 1,843,379.62
M-1 32027NHH7 MEZ 1.90000% 26,374,000.00 41,758.83 0.00
M-2 32027NHJ3 MEZ 1.95000% 24,176,000.00 39,286.00 0.00
M-3 32027NHK0 MEZ 2.00000% 15,385,000.00 25,641.67 0.00
M-4 32027NHL8 MEZ 2.35000% 10,989,000.00 21,520.13 0.00
M-5 32027NHM6 MEZ 2.45000% 15,385,000.00 31,411.04 0.00
M-6 32027NHN4 MEZ 2.70000% 9,670,000.00 21,757.50 0.00
M-7 32027NHP9 MEZ 3.12500% 12,308,000.00 32,052.08 0.00
M-8 32027NHQ7 MEZ 3.25000% 9,670,000.00 26,189.58 0.00
M-9 32027NHR5 MEZ 4.35000% 8,791,000.00 31,867.38 0.00
B 32027NHS3 SUB 4.95000% 10,549,000.00 43,514.63 0.00
C FFM04FF2C SEN 0.00000% 6,153,851.87 3,370,756.07 0.00
P FFM04FF2P SEN 0.00000% 100.00 434,164.60 0.00
R 32027NHT1 RES 0.00000% 0.00 0.00 0.00
Totals 836,012,827.30 5,061,988.88 19,142,960.97
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 0.00 286,718,364.48 9,176,240.46 0.00
A-2 0.00 100,612,450.16 7,250,375.94 0.00
A-3 0.00 184,000,000.00 253,000.00 0.00
A-4 0.00 30,836,000.00 46,767.93 0.00
A-5 0.00 20,122,490.03 1,449,895.65 0.00
A-6 0.00 45,129,609.79 1,908,750.36 0.00
M-1 0.00 26,374,000.00 41,758.83 0.00
M-2 0.00 24,176,000.00 39,286.00 0.00
M-3 0.00 15,385,000.00 25,641.67 0.00
M-4 0.00 10,989,000.00 21,520.13 0.00
M-5 0.00 15,385,000.00 31,411.04 0.00
M-6 0.00 9,670,000.00 21,757.50 0.00
M-7 0.00 12,308,000.00 32,052.08 0.00
M-8 0.00 9,670,000.00 26,189.58 0.00
M-9 0.00 8,791,000.00 31,867.38 0.00
B 0.00 10,549,000.00 43,514.63 0.00
C 0.00 6,153,851.87 3,370,756.07 0.00
P 0.00 100.00 434,164.60 0.00
R 0.00 0.00 0.00 0.00
Totals 0.00 816,869,866.33 24,204,949.85 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-1 314,835,000.00 295,483,390.55 141,568.71 8,623,457.36 0.00 0.00
A-2 125,000,000.00 107,724,579.56 99,305.62 7,012,823.77 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 21,544,915.91 19,861.12 1,402,564.75 0.00 0.00
A-6 50,000,000.00 46,972,989.41 16,819.88 1,826,559.74 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 879,121,695.34 836,012,827.30 277,555.33 18,865,405.62 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 8,765,026.07 286,718,364.48 0.91069406 8,765,026.07
A-2 7,112,129.40 100,612,450.16 0.80489960 7,112,129.40
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 1,422,425.88 20,122,490.03 0.80489960 1,422,425.88
A-6 1,843,379.62 45,129,609.79 0.90259220 1,843,379.62
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 19,142,960.97 816,869,866.33 0.92918861 19,142,960.97
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-1 314,835,000.00 938.53412279 0.44966001 27.39040246 0.00000000
A-2 125,000,000.00 861.79663648 0.79444496 56.10259016 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 25,000,000.00 861.79663640 0.79444480 56.10259000 0.00000000
A-6 50,000,000.00 939.45978820 0.33639760 36.53119480 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 27.84006248 910.69406032 0.91069406 27.84006248
A-2 0.00000000 56.89703520 804.89960128 0.80489960 56.89703520
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 56.89703520 804.89960120 0.80489960 56.89703520
A-6 0.00000000 36.86759240 902.59219580 0.90259220 36.86759240
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 1.67000% 295,483,390.55 411,214.39 0.00 0.00
A-2 125,000,000.00 1.54000% 107,724,579.56 138,246.54 0.00 0.00
A-3 184,000,000.00 1.65000% 184,000,000.00 253,000.00 0.00 0.00
A-4 30,836,000.00 1.82000% 30,836,000.00 46,767.93 0.00 0.00
A-5 25,000,000.00 1.53000% 21,544,915.91 27,469.77 0.00 0.00
A-6 50,000,000.00 1.67000% 46,972,989.41 65,370.74 0.00 0.00
M-1 26,374,000.00 1.90000% 26,374,000.00 41,758.83 0.00 0.00
M-2 24,176,000.00 1.95000% 24,176,000.00 39,286.00 0.00 0.00
M-3 15,385,000.00 2.00000% 15,385,000.00 25,641.67 0.00 0.00
M-4 10,989,000.00 2.35000% 10,989,000.00 21,520.13 0.00 0.00
M-5 15,385,000.00 2.45000% 15,385,000.00 31,411.04 0.00 0.00
M-6 9,670,000.00 2.70000% 9,670,000.00 21,757.50 0.00 0.00
M-7 12,308,000.00 3.12500% 12,308,000.00 32,052.08 0.00 0.00
M-8 9,670,000.00 3.25000% 9,670,000.00 26,189.58 0.00 0.00
M-9 8,791,000.00 4.35000% 8,791,000.00 31,867.38 0.00 0.00
B 10,549,000.00 4.95000% 10,549,000.00 43,514.63 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 1,257,068.21 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 0.00 411,214.39 0.00 286,718,364.48
A-2 0.00 0.00 138,246.54 0.00 100,612,450.16
A-3 0.00 0.00 253,000.00 0.00 184,000,000.00
A-4 0.00 0.00 46,767.93 0.00 30,836,000.00
A-5 0.00 0.00 27,469.77 0.00 20,122,490.03
A-6 0.00 0.00 65,370.74 0.00 45,129,609.79
M-1 0.00 0.00 41,758.83 0.00 26,374,000.00
M-2 0.00 0.00 39,286.00 0.00 24,176,000.00
M-3 0.00 0.00 25,641.67 0.00 15,385,000.00
M-4 0.00 0.00 21,520.13 0.00 10,989,000.00
M-5 0.00 0.00 31,411.04 0.00 15,385,000.00
M-6 0.00 0.00 21,757.50 0.00 9,670,000.00
M-7 0.00 0.00 32,052.08 0.00 12,308,000.00
M-8 0.00 0.00 26,189.58 0.00 9,670,000.00
M-9 0.00 0.00 31,867.38 0.00 8,791,000.00
B 0.00 0.00 43,514.63 0.00 10,549,000.00
C 0.00 0.00 3,370,756.07 0.00 6,153,851.87
P 0.00 0.00 434,164.60 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 5,061,988.88 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 1.67000% 938.53412279 1.30612667 0.00000000 0.00000000
A-2 125,000,000.00 1.54000% 861.79663648 1.10597232 0.00000000 0.00000000
A-3 184,000,000.00 1.65000% 1000.00000000 1.37500000 0.00000000 0.00000000
A-4 30,836,000.00 1.82000% 1000.00000000 1.51666656 0.00000000 0.00000000
A-5 25,000,000.00 1.53000% 861.79663640 1.09879080 0.00000000 0.00000000
A-6 50,000,000.00 1.67000% 939.45978820 1.30741480 0.00000000 0.00000000
M-1 26,374,000.00 1.90000% 1000.00000000 1.58333321 0.00000000 0.00000000
M-2 24,176,000.00 1.95000% 1000.00000000 1.62500000 0.00000000 0.00000000
M-3 15,385,000.00 2.00000% 1000.00000000 1.66666688 0.00000000 0.00000000
M-4 10,989,000.00 2.35000% 1000.00000000 1.95833379 0.00000000 0.00000000
M-5 15,385,000.00 2.45000% 1000.00000000 2.04166656 0.00000000 0.00000000
M-6 9,670,000.00 2.70000% 1000.00000000 2.25000000 0.00000000 0.00000000
M-7 12,308,000.00 3.12500% 1000.00000000 2.60416640 0.00000000 0.00000000
M-8 9,670,000.00 3.25000% 1000.00000000 2.70833299 0.00000000 0.00000000
M-9 8,791,000.00 4.35000% 1000.00000000 3.62500057 0.00000000 0.00000000
B 10,549,000.00 4.95000% 1000.00000000 4.12500047 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 1.30612667 0.00000000 910.69406032
A-2 0.00000000 0.00000000 1.10597232 0.00000000 804.89960128
A-3 0.00000000 0.00000000 1.37500000 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 1.51666656 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 1.09879080 0.00000000 804.89960120
A-6 0.00000000 0.00000000 1.30741480 0.00000000 902.59219580
M-1 0.00000000 0.00000000 1.58333321 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 1.62500000 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 1.66666688 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 1.95833379 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 2.04166656 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 2.25000000 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 2.60416640 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 2.70833299 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 3.62500057 0.00000000 1000.00000000
B 0.00000000 0.00000000 4.12500047 0.00000000 1000.00000000
C 0.00000000 0.00000000 547.77018698 0.00000000 1000.04168782
P 0.00000000 0.00000000 4341646.00000000 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 24,122,955.69
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 434,164.60
Total Deposits 24,557,120.29
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 352,170.44
Payment of Interest and Principal 24,204,949.85
Total Withdrawals (Pool Distribution Amount) 24,557,120.29
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 348,338.75
Trustee Fee 3,831.69
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 352,170.44
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Financial Guaranty 0.00 226,716.21 0.00 0.00
Reserve Fund 0.00 226,716.21 226,716.21 1,000.00
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 0 0 0
0.00 0.00 0.00 0.00
30 Days 44 0 0 0 44
6,874,034.46 0.00 0.00 0.00 6,874,034.46
60 Days 53 0 0 0 53
7,336,257.46 0.00 0.00 0.00 7,336,257.46
90 Days 4 0 0 0 4
556,019.24 0.00 0.00 0.00 556,019.24
120 Days 3 0 0 0 3
876,201.87 0.00 0.00 0.00 876,201.87
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 104 0 0 0 104
15,642,513.03 0.00 0.00 0.00 15,642,513.03
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 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.096710% 0.000000% 0.000000% 0.000000% 1.096710%
0.841509% 0.000000% 0.000000% 0.000000% 0.841509%
60 Days 1.321037% 0.000000% 0.000000% 0.000000% 1.321037%
0.898094% 0.000000% 0.000000% 0.000000% 0.898094%
90 Days 0.099701% 0.000000% 0.000000% 0.000000% 0.099701%
0.068067% 0.000000% 0.000000% 0.000000% 0.068067%
120 Days 0.074776% 0.000000% 0.000000% 0.000000% 0.074776%
0.107263% 0.000000% 0.000000% 0.000000% 0.107263%
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 2.592223% 0.000000% 0.000000% 0.000000% 2.592223%
1.914933% 0.000000% 0.000000% 0.000000% 1.914933%
OTHER INFORMATION
<s> <c>
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 6.822872%
Weighted Average Net Coupon 6.322872%
Weighted Average Pass-Through Rate 6.317372%
Weighted Average Maturity (Stepdown Calculation) 351
Beginning Scheduled Collateral Loan Count 4,104
Number Of Loans Paid In Full 92
Ending Scheduled Collateral Loan Count 4,012
Beginning Scheduled Collateral Balance 836,012,827.30
Ending Scheduled Collateral Balance 816,869,866.33
Ending Actual Collateral Balance at 31-Jul-2004 816,869,866.33
Monthly P&I Constant 5,030,895.89
Special Servicing Fee 0.00
Prepayment Penalties 434,164.60
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 816,869,866.33
Scheduled Principal 277,555.34
Unscheduled Principal 18,865,405.63
Cap Payment 226,716.21
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 0.00
Stepdown Date 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 7.166723 6.567738 6.527196
Weighted Average Net Rate 6.666723 6.067738 6.027195
Weighted Average Maturity 351 352 352
Beginning Loan Count 2,450 1,377 277
Loans Paid In Full 59 25 8
Ending Loan Count 2,391 1,352 269
Beginning Scheduled Balance 359,967,477.59 418,831,093.14 57,214,256.57
Ending scheduled Balance 351,202,451.52 410,296,537.86 55,370,876.95
Record Date 07/31/2004 07/31/2004 07/31/2004
Principal And Interest Constant 2,291,391.33 2,411,477.48 328,027.08
Scheduled Principal 141,568.71 119,166.75 16,819.88
Unscheduled Principal 8,623,457.36 8,415,388.53 1,826,559.74
Scheduled Interest 2,149,822.62 2,292,310.73 311,207.20
Servicing Fees 149,986.47 174,512.99 23,839.29
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,649.85 1,919.61 262.23
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 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,998,186.30 2,115,878.13 287,105.68
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 6.661223 6.062238 6.021696
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 6.822872
Weighted Average Net Rate 6.322872
Weighted Average Maturity 351
Beginning Loan Count 4,104
Loans Paid In Full 92
Ending Loan Count 4,012
Beginning Scheduled Balance 836,012,827.30
Ending scheduled Balance 816,869,866.33
Record Date 07/31/2004
Principal And Interest Constant 5,030,895.89
Scheduled Principal 277,555.34
Unscheduled Principal 18,865,405.63
Scheduled Interest 4,753,340.55
Servicing Fees 348,338.75
Master Servicing Fees 0.00
Trustee Fee 3,831.69
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 4,401,170.11
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 6.317372