-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WqG7mTX/4E7pBHaEYLu6irdBr7i4djz1uFNm2J09YmF/xZ8QxLjp1UVEX9CaQmBV 23Xf4kTQ257La2owk4qAAg== 0001056404-04-004235.txt : 20041203 0001056404-04-004235.hdr.sgml : 20041203 20041203134607 ACCESSION NUMBER: 0001056404-04-004235 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABFC ASSET-BACKED CERTIFICATES SERIES 2004-OPT2 CENTRAL INDEX KEY: 0001285680 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-108551-05 FILM NUMBER: 041182993 BUSINESS ADDRESS: STREET 1: 100 NORTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 abf04op2_nov.txt NOVEMBER 8-K 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): November 26, 2004 ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2004-OP2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108551-05 54-2147328 Pooling and Servicing Agreement) (Commission 54-2147329 (State or other File Number) 54-6601033 jurisdiction IRS EIN 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 On November 26, 2004 a distribution was made to holders of ASSET BACKED FUNDING CORPORATION, Asset Backed Certificates, Series 2004-OP2 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-OP2 Trust, relating to the November 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. ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2004-OP2 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: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-OP2 Trust, relating to the November 26, 2004 distribution. EX-99.1
Asset Backed Funding Corporation Mortgage Pass-Through Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 ABFC Series: 2004-OP2 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 A1 04542BFT4 SEQ 2.22250% 225,817,697.59 446,115.39 17,643,950.85 A1A 04542BFU1 SEQ 2.32250% 25,091,092.02 51,799.16 1,960,457.48 A2 04542BFV9 SEQ 2.21250% 45,074,656.37 88,646.82 2,925,235.13 M1 04542BFW7 SUB 2.48250% 26,969,000.00 59,511.59 0.00 M2 04542BFX5 SUB 2.93250% 21,576,000.00 56,241.44 0.00 M3 04542BFY3 SUB 3.13250% 5,394,000.00 15,019.29 0.00 M4 04542BFZ0 SUB 3.48250% 6,130,000.00 18,975.75 0.00 M5 04542BGA4 SUB 3.58250% 4,168,000.00 13,272.76 0.00 M6 04542BGB2 SUB 4.88250% 6,129,000.00 26,599.86 0.00 B 04542BGC0 SUB 5.43250% 4,904,000.00 23,680.87 0.00 CE ABF4OP2CE SEQ 0.00000% 3,187,344.82 1,290,289.66 0.00 R1 ABF04OP2R1 SEQ 0.00000% 0.00 0.00 0.00 R2 ABF04OP2R2 SEQ 0.00000% 0.00 0.00 0.00 P ABF04OP2P SEQ 0.00000% 0.00 323,817.09 0.00 Totals 374,440,790.80 2,413,969.68 22,529,643.46
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 208,173,746.74 18,090,066.24 0.00 A1A 0.00 23,130,634.54 2,012,256.64 0.00 A2 0.00 42,149,421.24 3,013,881.95 0.00 M1 0.00 26,969,000.00 59,511.59 0.00 M2 0.00 21,576,000.00 56,241.44 0.00 M3 0.00 5,394,000.00 15,019.29 0.00 M4 0.00 6,130,000.00 18,975.75 0.00 M5 0.00 4,168,000.00 13,272.76 0.00 M6 0.00 6,129,000.00 26,599.86 0.00 B 0.00 4,904,000.00 23,680.87 0.00 CE 0.00 3,187,344.82 1,290,289.66 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 P 0.00 0.00 323,817.09 0.00 Totals 0.00 351,911,147.34 24,943,613.14 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A1 317,967,000.00 225,817,697.59 0.00 17,643,950.85 0.00 0.00 A1A 35,330,000.00 25,091,092.02 0.00 1,960,457.48 0.00 0.00 A2 58,606,000.00 45,074,656.37 0.00 2,925,235.13 0.00 0.00 M1 26,969,000.00 26,969,000.00 0.00 0.00 0.00 0.00 M2 21,576,000.00 21,576,000.00 0.00 0.00 0.00 0.00 M3 5,394,000.00 5,394,000.00 0.00 0.00 0.00 0.00 M4 6,130,000.00 6,130,000.00 0.00 0.00 0.00 0.00 M5 4,168,000.00 4,168,000.00 0.00 0.00 0.00 0.00 M6 6,129,000.00 6,129,000.00 0.00 0.00 0.00 0.00 B 4,904,000.00 4,904,000.00 0.00 0.00 0.00 0.00 CE 3,187,742.22 3,187,344.82 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 Totals 490,360,742.22 374,440,790.80 0.00 22,529,643.46 0.00 0.00 (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.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A1 17,643,950.85 208,173,746.74 0.65470236 17,643,950.85 A1A 1,960,457.48 23,130,634.54 0.65470236 1,960,457.48 A2 2,925,235.13 42,149,421.24 0.71919976 2,925,235.13 M1 0.00 26,969,000.00 1.00000000 0.00 M2 0.00 21,576,000.00 1.00000000 0.00 M3 0.00 5,394,000.00 1.00000000 0.00 M4 0.00 6,130,000.00 1.00000000 0.00 M5 0.00 4,168,000.00 1.00000000 0.00 M6 0.00 6,129,000.00 1.00000000 0.00 B 0.00 4,904,000.00 1.00000000 0.00 CE 0.00 3,187,344.82 0.99987533 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 Totals 22,529,643.46 351,911,147.34 0.71765767 22,529,643.46
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 317,967,000.00 710.19224508 0.00000000 55.48988055 0.00000000 A1A 35,330,000.00 710.19224512 0.00000000 55.48988055 0.00000000 A2 58,606,000.00 769.11333942 0.00000000 49.91357762 0.00000000 M1 26,969,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 21,576,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 5,394,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 6,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 4,168,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 6,129,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 4,904,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 3,187,742.22 999.87533496 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 55.48988055 654.70236452 0.65470236 55.48988055 A1A 0.00000000 55.48988055 654.70236456 0.65470236 55.48988055 A2 0.00000000 49.91357762 719.19976180 0.71919976 49.91357762 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 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 999.87533496 0.99987533 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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.
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 A1 317,967,000.00 2.22250% 225,817,697.59 446,115.41 0.00 0.00 A1A 35,330,000.00 2.32250% 25,091,092.02 51,799.17 0.00 0.00 A2 58,606,000.00 2.21250% 45,074,656.37 88,646.82 0.00 0.00 M1 26,969,000.00 2.48250% 26,969,000.00 59,511.59 0.00 0.00 M2 21,576,000.00 2.93250% 21,576,000.00 56,241.44 0.00 0.00 M3 5,394,000.00 3.13250% 5,394,000.00 15,019.29 0.00 0.00 M4 6,130,000.00 3.48250% 6,130,000.00 18,975.76 0.00 0.00 M5 4,168,000.00 3.58250% 4,168,000.00 13,272.76 0.00 0.00 M6 6,129,000.00 4.88250% 6,129,000.00 26,599.86 0.00 0.00 B 4,904,000.00 5.43250% 4,904,000.00 23,680.87 0.00 0.00 CE 3,187,742.22 0.00000% 3,187,344.82 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 Totals 490,360,742.22 799,862.97 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 A1 0.02 0.00 446,115.39 0.00 208,173,746.74 A1A 0.00 0.00 51,799.16 0.00 23,130,634.54 A2 0.00 0.00 88,646.82 0.00 42,149,421.24 M1 0.00 0.00 59,511.59 0.00 26,969,000.00 M2 0.00 0.00 56,241.44 0.00 21,576,000.00 M3 0.00 0.00 15,019.29 0.00 5,394,000.00 M4 0.00 0.00 18,975.75 0.00 6,130,000.00 M5 0.00 0.00 13,272.76 0.00 4,168,000.00 M6 0.00 0.00 26,599.86 0.00 6,129,000.00 B 0.00 0.00 23,680.87 0.00 4,904,000.00 CE 0.00 0.00 1,290,289.66 0.00 3,187,344.82 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 323,817.09 0.00 0.01 Totals 0.02 0.00 2,413,969.68 0.00 (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.
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 A1 317,967,000.00 2.22250% 710.19224508 1.40302424 0.00000000 0.00000000 A1A 35,330,000.00 2.32250% 710.19224512 1.46615256 0.00000000 0.00000000 A2 58,606,000.00 2.21250% 769.11333942 1.51258950 0.00000000 0.00000000 M1 26,969,000.00 2.48250% 1000.00000000 2.20666654 0.00000000 0.00000000 M2 21,576,000.00 2.93250% 1000.00000000 2.60666667 0.00000000 0.00000000 M3 5,394,000.00 3.13250% 1000.00000000 2.78444383 0.00000000 0.00000000 M4 6,130,000.00 3.48250% 1000.00000000 3.09555628 0.00000000 0.00000000 M5 4,168,000.00 3.58250% 1000.00000000 3.18444338 0.00000000 0.00000000 M6 6,129,000.00 4.88250% 1000.00000000 4.34000000 0.00000000 0.00000000 B 4,904,000.00 5.43250% 1000.00000000 4.82888866 0.00000000 0.00000000 CE 3,187,742.22 0.00000% 999.87533496 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A1 0.00000006 0.00000000 1.40302418 0.00000000 654.70236452 A1A 0.00000000 0.00000000 1.46615228 0.00000000 654.70236456 A2 0.00000000 0.00000000 1.51258950 0.00000000 719.19976180 M1 0.00000000 0.00000000 2.20666654 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.60666667 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.78444383 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.09555465 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.18444338 0.00000000 1000.00000000 M6 0.00000000 0.00000000 4.34000000 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.82888866 0.00000000 1000.00000000 CE 0.00000000 0.00000000 404.76599767 0.00000000 999.87533496 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 24,845,152.58 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 323,817.09 Total Deposits 25,168,969.67 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 225,356.53 Payment of Interest and Principal 24,943,613.14 Total Withdrawals (Pool Distribution Amount) 25,168,969.67 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 93,567.29 Credit Risk Manager Fee 5,460.60 PMI Premium 123,832.42 Trustee Fee 2,496.22 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 225,356.53
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Account 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 6 0 0 6 630,792.62 0.00 0.00 630,792.62 30 Days 38 1 1 0 40 6,187,616.02 156,430.19 97,032.29 0.00 6,441,078.50 60 Days 10 2 3 0 15 2,216,915.17 166,348.53 405,292.83 0.00 2,788,556.53 90 Days 6 6 22 3 37 1,200,509.06 905,991.15 2,814,579.57 223,017.22 5,144,097.00 120 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 54 15 26 3 98 9,605,040.25 1,859,562.49 3,316,904.69 223,017.22 15,004,524.65 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 0.263736% 0.000000% 0.000000% 0.263736% 0.179177% 0.000000% 0.000000% 0.179177% 30 Days 1.670330% 0.043956% 0.043956% 0.000000% 1.758242% 1.757600% 0.044434% 0.027562% 0.000000% 1.829596% 60 Days 0.439560% 0.087912% 0.131868% 0.000000% 0.659341% 0.629717% 0.047251% 0.115124% 0.000000% 0.792093% 90 Days 0.263736% 0.263736% 0.967033% 0.131868% 1.626374% 0.341006% 0.257348% 0.799485% 0.063348% 1.461187% 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 2.373626% 0.659341% 1.142857% 0.131868% 4.307692% 2.728323% 0.528211% 0.942171% 0.063348% 4.262053%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 69,732.99
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.420695% Weighted Average Net Coupon 7.120832% Weighted Average Pass-Through Rate 6.698478% Weighted Average Maturity (Stepdown Calculation) 347 Beginning Scheduled Collateral Loan Count 2,413 Number Of Loans Paid In Full 138 Ending Scheduled Collateral Loan Count 2,275 Beginning Scheduled Collateral Balance 374,440,790.80 Ending Scheduled Collateral Balance 351,911,147.34 Ending Actual Collateral Balance at 31-Oct-2004 352,049,217.78 Monthly P &I Constant 2,640,506.52 Special Servicing Fee 0.00 Prepayment Penalties 323,817.09 Realized Loss Amount 0.00 Cumulative Realized Loss 4,933.82 Ending Scheduled Balance for Premium Loans 351,911,147.34 Scheduled Principal 324,997.27 Unscheduled Principal 22,204,646.19 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 3,187,344.82 Overcollateralized Amount 3,187,344.82 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,290,289.66
Miscellaneous Reporting Group 1 Available Funds 21,393,704.07 Group 2 Available Funds 3,226,091.99
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 7.455443 7.224094 7.420695 Weighted Average Net Rate 7.155604 6.924094 7.120832 Weighted Average Maturity 347 347 347 Beginning Loan Count 2,184 229 2,413 Loans Paid In Full 125 13 138 Ending Loan Count 2,059 216 2,275 Beginning Scheduled Balance 318,202,299.74 56,238,491.06 374,440,790.80 Ending scheduled Balance 298,597,891.41 53,313,255.93 351,911,147.34 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 2,252,592.49 387,914.03 2,640,506.52 Scheduled Principal 275,643.35 49,353.92 324,997.27 Unscheduled Principal 19,328,764.98 2,875,881.21 22,204,646.19 Scheduled Interest 1,976,949.14 338,560.11 2,315,509.25 Servicing Fees 79,507.67 14,059.62 93,567.29 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 2,121.29 374.93 2,496.22 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 4,640.42 820.18 5,460.60 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 3 101,383.84 22,448.58 123,832.42 Net Interest 1,789,295.92 300,856.80 2,090,152.72 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 4,933.82 0.00 4,933.82 Percentage of Cumulative Losses 0.0012 0.0000 0.0010 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.747767 6.419594 6.698478
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