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): May 25, 2004
First Horizon
(Depositor)
(Issuer in respect of First Horizon Mortgage Pass-Through Trust, First Horizon
(Exact name of registrant as specified in charter)
Delaware 33-63714 95-4449516
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
4000 Horizon Way, Irving, TX, , N/A 75063
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (214) 441-4000
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Item 5. Other Events
First Horizon
First Horizon Mortgage Pass-Through Trust
First Horizon ABS Notes, Series 2004-HE1
On May 25, 2004, The Bank of New York, as Trustee for First Horizon, First
Horizon Mortgage Pass-Through Trust First Horizon ABS Notes, Series 2004-HE1,
made a monthly distribution to Certificate holders of principal and/or interest
pursuant to the Pooling and Servicing Agreement, dated as of March 1, 2004,
among First Horizon as Depositor, , Seller and Master Servicer and The Bank of
New York, as Trustee.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of First Horizon, First Horizon Mortgage
Pass-Through Trust First Horizon ABS Notes, Series 2004-HE1
relating to the distribution date of May 25, 2004 prepared
by The Bank of New York, as Trustee under the Pooling and
Servicing Agreement dated as of March 1, 2004.
SIGNATURES
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 thereunto duly authorized.
Dated: May 25, 2004
First Horizon
By: /s/ Diane Pickett
------------------------------
Name: Diane Pickett
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated May 25, 2004
Payment Date: 05/25/04
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(null)
First Horizon Mortgage Pass-Through Trust, First Horizon ABS Notes, Series
The Bank of New York, as Trustee
------------------------------------------------------------
Class Information Current Payment Information
- ----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
- ----------------------------------------------------------------------------------------------------------------------------------
Senior A 289,933,593.33 1.310000% 12,768,790.16 305,960.48 13,074,750.64 0.00 0.00
Residual R 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 289,933,593.33 - 12,768,790.16 305,960.48 13,074,750.64 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A 277,164,803.17 0.00
Residual R 0.00 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 277,164,803.17 -
- --------------------------------------------------------------------------------
Payment Date: 05/25/04
------------------------------------------------------------
(null)
First Horizon Mortgage Pass-Through Trust, First Horizon ABS Notes, Series
The Bank of New York, as Trustee
------------------------------------------------------------
Class Information Current Payment Information
Factors per $1,000
- ------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Senior A 289,933,593.33 1.310000% 320515AA7 42.193023 1.011012 915.859746
Residual R 0.00 0.000000% 320515AA7 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 289,933,593.33 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
(null)
First Horizon Mortgage Pass-Through Trust, First Horizon ABS Notes, Series
The Bank of New York, as Trustee
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 279,162,341.48 279,162,341.48
Loan count 5913 5913
Avg loan rate 5.686433% 5.69
Prepay amount 2,279,822.01 2,279,822.01
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 121,260.31 121,260.31
Sub servicer fees 0.00 0.00
Trustee fees 1,455.12 1,455.12
Agg advances N/A N/A
Adv this period 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00
Cumulative losses 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00
Fraud 6,052,571.49 6,052,571.49
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 100.000000% 100.000000% 289,933,593.33
-----------------------------------------------------------------------------
Junior 0.000000% 0.000000% 0.00
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 3 141,876.03
60 to 89 days 1 25,515.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 4 167,391.03
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 13,074,750.64 13,074,750.64
Principal remittance amount 12,768,790.16 12,768,790.16
Interest remittance amount 305,960.48 305,960.48