-----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, NjhFDzaxvKPbWkZiJEI51c4UoD4PfWH9KRyaH6qnKeI+pOubEYYd+R67NFI/FMqE E5lBH1Okkfrgagwy6PpX+A== 0001056404-05-000041.txt : 20050103 0001056404-05-000041.hdr.sgml : 20041231 20050103144326 ACCESSION NUMBER: 0001056404-05-000041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041227 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACE Securities Corp Series 2004-FM2 CENTRAL INDEX KEY: 0001301937 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: 333-110039-10 FILM NUMBER: 05502003 BUSINESS ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 7043650569 MAIL ADDRESS: STREET 1: 6525 MORRISON BLVD STREET 2: SUITE 318 CITY: CHARLOTTE STATE: NC ZIP: 28211 8-K 1 ace04fm2_dec.txt DECEMBER 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): December 27, 2004 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-FM2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110039-10 54-6636487 Pooling and Servicing Agreement) (Commission 54-6636488 (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 On December 27, 2004 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2004-FM2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-FM2 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-FM2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-FM2 Trust, relating to the December 27, 2004 distribution. EX-99.1
ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 ACE Securities Corporation Asset Backed Pass-Through Certificates Series 2004-FM2 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 A-1A 004421GD9 SEN 2.48000% 301,998,368.92 644,934.29 11,627,887.19 A-1B 004421GE7 SEN 2.48000% 303,904,545.85 649,005.04 9,446,094.63 A-2A 004421GF4 SEN 2.34000% 103,086,007.10 207,718.30 4,998,312.21 A-2B 004421GG2 SEN 2.49000% 37,106,000.00 79,561.45 0.00 A-2C 004421GH0 SEN 2.66000% 33,519,000.00 76,777.13 0.00 M-1 004421GJ6 MEZ 2.83000% 63,498,000.00 154,741.10 0.00 M-2 004421GK3 MEZ 3.38000% 51,208,000.00 149,043.73 0.00 M-3 004421GL1 MEZ 3.53000% 15,362,000.00 46,696.21 0.00 M-4 004421GM9 MEZ 4.31000% 12,802,000.00 47,513.20 0.00 M-5 004421GN7 MEZ 4.13000% 10,242,000.00 36,424.54 0.00 M-6 004421GP2 MEZ 5.68000% 10,242,000.00 50,094.76 0.00 B 004421GQ0 SUB 5.68000% 15,362,000.00 75,137.25 0.00 CE ACE04FM2C MEZ 0.00000% 15,874,550.04 2,899,566.38 0.00 P ACE04FM2P SEN 0.00000% 100.00 570,025.32 0.00 R ACE4FM2R1 SEN 0.00000% 0.00 0.00 0.00 Totals 974,204,571.91 5,687,238.70 26,072,294.03
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1A 0.00 290,370,481.73 12,272,821.48 0.00 A-1B 0.00 294,458,451.22 10,095,099.67 0.00 A-2A 0.00 98,087,694.89 5,206,030.51 0.00 A-2B 0.00 37,106,000.00 79,561.45 0.00 A-2C 0.00 33,519,000.00 76,777.13 0.00 M-1 0.00 63,498,000.00 154,741.10 0.00 M-2 0.00 51,208,000.00 149,043.73 0.00 M-3 0.00 15,362,000.00 46,696.21 0.00 M-4 0.00 12,802,000.00 47,513.20 0.00 M-5 0.00 10,242,000.00 36,424.54 0.00 M-6 0.00 10,242,000.00 50,094.76 0.00 B 0.00 15,362,000.00 75,137.25 0.00 CE 0.00 15,874,550.04 2,899,566.38 0.00 P 0.00 100.00 570,025.32 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 948,132,277.88 31,759,532.73 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) A-1A 321,661,000.00 301,998,368.92 0.00 11,627,887.19 0.00 0.00 A-1B 321,661,000.00 303,904,545.85 0.00 9,446,094.63 0.00 0.00 A-2A 115,627,000.00 103,086,007.10 0.00 4,998,312.21 0.00 0.00 A-2B 37,106,000.00 37,106,000.00 0.00 0.00 0.00 0.00 A-2C 33,519,000.00 33,519,000.00 0.00 0.00 0.00 0.00 M-1 63,498,000.00 63,498,000.00 0.00 0.00 0.00 0.00 M-2 51,208,000.00 51,208,000.00 0.00 0.00 0.00 0.00 M-3 15,362,000.00 15,362,000.00 0.00 0.00 0.00 0.00 M-4 12,802,000.00 12,802,000.00 0.00 0.00 0.00 0.00 M-5 10,242,000.00 10,242,000.00 0.00 0.00 0.00 0.00 M-6 10,242,000.00 10,242,000.00 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 992,928,100.00 942,968,021.87 0.00 26,072,294.03 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 A-1A 11,627,887.19 290,370,481.73 0.90272206 11,627,887.19 A-1B 9,446,094.63 294,458,451.22 0.91543100 9,446,094.63 A-2A 4,998,312.21 98,087,694.89 0.84831134 4,998,312.21 A-2B 0.00 37,106,000.00 1.00000000 0.00 A-2C 0.00 33,519,000.00 1.00000000 0.00 M-1 0.00 63,498,000.00 1.00000000 0.00 M-2 0.00 51,208,000.00 1.00000000 0.00 M-3 0.00 15,362,000.00 1.00000000 0.00 M-4 0.00 12,802,000.00 1.00000000 0.00 M-5 0.00 10,242,000.00 1.00000000 0.00 M-6 0.00 10,242,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 26,072,294.03 916,895,727.84 0.92342610 26,072,294.03
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 321,661,000.00 938.87157262 0.00000000 36.14950892 0.00000000 A-1B 321,661,000.00 944.79761566 0.00000000 29.36661463 0.00000000 A-2A 115,627,000.00 891.53923478 0.00000000 43.22789841 0.00000000 A-2B 37,106,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2C 33,519,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 63,498,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 51,208,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 15,362,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 12,802,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 10,242,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 10,242,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 15,362,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 15,874,418.64 1000.00827747 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 (2) All Classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1A 0.00000000 36.14950892 902.72206369 0.90272206 36.14950892 A-1B 0.00000000 29.36661463 915.43100102 0.91543100 29.36661463 A-2A 0.00000000 43.22789841 848.31133637 0.84831134 43.22789841 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2C 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 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 1,000.00827747 1.00000828 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 (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 A-1A 321,661,000.00 2.48000% 301,998,368.92 644,934.29 0.00 0.00 A-1B 321,661,000.00 2.48000% 303,904,545.85 649,005.04 0.00 0.00 A-2A 115,627,000.00 2.34000% 103,086,007.10 207,718.30 0.00 0.00 A-2B 37,106,000.00 2.49000% 37,106,000.00 79,561.45 0.00 0.00 A-2C 33,519,000.00 2.66000% 33,519,000.00 76,777.13 0.00 0.00 M-1 63,498,000.00 2.83000% 63,498,000.00 154,741.10 0.00 0.00 M-2 51,208,000.00 3.38000% 51,208,000.00 149,043.73 0.00 0.00 M-3 15,362,000.00 3.53000% 15,362,000.00 46,696.21 0.00 0.00 M-4 12,802,000.00 4.31000% 12,802,000.00 47,513.20 0.00 0.00 M-5 10,242,000.00 4.13000% 10,242,000.00 36,424.54 0.00 0.00 M-6 10,242,000.00 5.68000% 10,242,000.00 50,094.76 0.00 0.00 B 15,362,000.00 5.68000% 15,362,000.00 75,137.25 0.00 0.00 CE 15,874,418.64 0.00000% 15,874,550.04 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 1,024,164,518.64 2,217,647.00 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 A-1A 0.00 0.00 644,934.29 0.00 290,370,481.73 A-1B 0.00 0.00 649,005.04 0.00 294,458,451.22 A-2A 0.00 0.00 207,718.30 0.00 98,087,694.89 A-2B 0.00 0.00 79,561.45 0.00 37,106,000.00 A-2C 0.00 0.00 76,777.13 0.00 33,519,000.00 M-1 0.00 0.00 154,741.10 0.00 63,498,000.00 M-2 0.00 0.00 149,043.73 0.00 51,208,000.00 M-3 0.00 0.00 46,696.21 0.00 15,362,000.00 M-4 0.00 0.00 47,513.20 0.00 12,802,000.00 M-5 0.00 0.00 36,424.54 0.00 10,242,000.00 M-6 0.00 0.00 50,094.76 0.00 10,242,000.00 B 0.00 0.00 75,137.25 0.00 15,362,000.00 CE 0.00 0.00 2,899,566.38 0.00 15,874,550.04 P 0.00 0.00 570,025.32 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,687,238.70 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 A-1A 321,661,000.00 2.48000% 938.87157262 2.00501239 0.00000000 0.00000000 A-1B 321,661,000.00 2.48000% 944.79761566 2.01766779 0.00000000 0.00000000 A-2A 115,627,000.00 2.34000% 891.53923478 1.79645152 0.00000000 0.00000000 A-2B 37,106,000.00 2.49000% 1000.00000000 2.14416671 0.00000000 0.00000000 A-2C 33,519,000.00 2.66000% 1000.00000000 2.29055551 0.00000000 0.00000000 M-1 63,498,000.00 2.83000% 1000.00000000 2.43694447 0.00000000 0.00000000 M-2 51,208,000.00 3.38000% 1000.00000000 2.91055558 0.00000000 0.00000000 M-3 15,362,000.00 3.53000% 1000.00000000 3.03972204 0.00000000 0.00000000 M-4 12,802,000.00 4.31000% 1000.00000000 3.71138885 0.00000000 0.00000000 M-5 10,242,000.00 4.13000% 1000.00000000 3.55638938 0.00000000 0.00000000 M-6 10,242,000.00 5.68000% 1000.00000000 4.89111111 0.00000000 0.00000000 B 15,362,000.00 5.68000% 1000.00000000 4.89111118 0.00000000 0.00000000 CE 15,874,418.64 0.00000% 1000.00827747 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 (5) All Classes are per $1,000 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 A-1A 0.00000000 0.00000000 2.00501239 0.00000000 902.72206369 A-1B 0.00000000 0.00000000 2.01766779 0.00000000 915.43100102 A-2A 0.00000000 0.00000000 1.79645152 0.00000000 848.31133637 A-2B 0.00000000 0.00000000 2.14416671 0.00000000 1000.00000000 A-2C 0.00000000 0.00000000 2.29055551 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.43694447 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.91055558 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.03972204 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.71138885 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.55638938 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.89111111 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.89111118 0.00000000 1000.00000000 CE 0.00000000 0.00000000 182.65653979 0.00000000 1000.00827747 P 0.00000000 0.00000000 5700253.20000000 0.00000000 1000.00000000 R 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 31,522,263.96 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 326,141.90 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 570,025.32 Total Deposits 32,418,431.18 Withdrawals Reimbursement for Servicer Advances 248,920.69 Payment of Service Fee 409,977.76 Payment of Interest and Principal 31,759,532.73 Total Withdrawals (Pool Distribution Amount) 32,418,431.18 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 405,918.57 Master Servicing Fee 4,059.19 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 409,977.76
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 193 3 0 0 196 29,707,353.00 181,083.00 0.00 0.00 29,888,436.00 60 Days 59 2 0 0 61 11,321,906.27 248,847.84 0.00 0.00 11,570,754.11 90 Days 23 3 0 0 26 4,066,098.32 596,862.10 0.00 0.00 4,662,960.42 120 Days 19 3 0 0 22 2,806,538.06 211,143.63 0.00 0.00 3,017,681.69 150 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 294 11 0 0 305 47,901,895.65 1,237,936.57 0.00 0.00 49,139,832.22 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 3.594041% 0.055866% 0.000000% 0.000000% 3.649907% 3.130373% 0.019081% 0.000000% 0.000000% 3.149455% 60 Days 1.098696% 0.037244% 0.000000% 0.000000% 1.135940% 1.193031% 0.026222% 0.000000% 0.000000% 1.219253% 90 Days 0.428305% 0.055866% 0.000000% 0.000000% 0.484171% 0.428460% 0.062894% 0.000000% 0.000000% 0.491353% 120 Days 0.353818% 0.055866% 0.000000% 0.000000% 0.409683% 0.295735% 0.022249% 0.000000% 0.000000% 0.317984% 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 5.474860% 0.204842% 0.000000% 0.000000% 5.679702% 5.047600% 0.130446% 0.000000% 0.000000% 5.178046%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IA Sub Grp 1 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 22 1 0 0 23 2,119,912.94 13,938.46 0.00 0.00 2,133,851.40 60 Days 2 1 0 0 3 359,707.08 7,524.49 0.00 0.00 367,231.57 90 Days 5 1 0 0 6 322,716.29 26,885.49 0.00 0.00 349,601.78 120 Days 2 0 0 0 2 180,720.49 0.00 0.00 0.00 180,720.49 150 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 31 3 0 0 34 2,983,056.80 48,348.44 0.00 0.00 3,031,405.24 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.107345% 0.141243% 0.000000% 0.000000% 3.248588% 2.965039% 0.019495% 0.000000% 0.000000% 2.984534% 60 Days 0.282486% 0.141243% 0.000000% 0.000000% 0.423729% 0.503108% 0.010524% 0.000000% 0.000000% 0.513632% 90 Days 0.706215% 0.141243% 0.000000% 0.000000% 0.847458% 0.451371% 0.037604% 0.000000% 0.000000% 0.488974% 120 Days 0.282486% 0.000000% 0.000000% 0.000000% 0.282486% 0.252767% 0.000000% 0.000000% 0.000000% 0.252767% 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 4.378531% 0.423729% 0.000000% 0.000000% 4.802260% 4.172285% 0.067623% 0.000000% 0.000000% 4.239908% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IA Sub Grp 2 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 69 0 0 0 69 9,834,380.52 0.00 0.00 0.00 9,834,380.52 60 Days 22 1 0 0 23 3,693,164.27 241,323.35 0.00 0.00 3,934,487.62 90 Days 10 1 0 0 11 1,882,193.62 273,976.61 0.00 0.00 2,156,170.23 120 Days 9 1 0 0 10 1,421,311.65 107,919.99 0.00 0.00 1,529,231.64 150 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 110 3 0 0 113 16,831,050.06 623,219.95 0.00 0.00 17,454,270.01 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.839733% 0.000000% 0.000000% 0.000000% 3.839733% 3.337376% 0.000000% 0.000000% 0.000000% 3.337376% 60 Days 1.224263% 0.055648% 0.000000% 0.000000% 1.279911% 1.253305% 0.081895% 0.000000% 0.000000% 1.335200% 90 Days 0.556483% 0.055648% 0.000000% 0.000000% 0.612131% 0.638738% 0.092976% 0.000000% 0.000000% 0.731714% 120 Days 0.500835% 0.055648% 0.000000% 0.000000% 0.556483% 0.482334% 0.036624% 0.000000% 0.000000% 0.518957% 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 6.121313% 0.166945% 0.000000% 0.000000% 6.288258% 5.711752% 0.211495% 0.000000% 0.000000% 5.923247% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IB Sub Grp 1 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 17 1 0 0 18 1,172,441.64 8,457.46 0.00 0.00 1,180,899.10 60 Days 7 0 0 0 7 488,999.23 0.00 0.00 0.00 488,999.23 90 Days 1 0 0 0 1 6,694.36 0.00 0.00 0.00 6,694.36 120 Days 3 1 0 0 4 174,802.12 32,138.97 0.00 0.00 206,941.09 150 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 28 2 0 0 30 1,842,937.35 40,596.43 0.00 0.00 1,883,533.78 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.548726% 0.149925% 0.000000% 0.000000% 2.698651% 1.717186% 0.012387% 0.000000% 0.000000% 1.729573% 60 Days 1.049475% 0.000000% 0.000000% 0.000000% 1.049475% 0.716200% 0.000000% 0.000000% 0.000000% 0.716200% 90 Days 0.149925% 0.000000% 0.000000% 0.000000% 0.149925% 0.009805% 0.000000% 0.000000% 0.000000% 0.009805% 120 Days 0.449775% 0.149925% 0.000000% 0.000000% 0.599700% 0.256019% 0.047071% 0.000000% 0.000000% 0.303091% 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 4.197901% 0.299850% 0.000000% 0.000000% 4.497751% 2.699210% 0.059458% 0.000000% 0.000000% 2.758668% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IB Sub Grp 2 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 70 1 0 0 71 11,836,852.24 158,687.08 0.00 0.00 11,995,539.32 60 Days 20 0 0 0 20 3,873,100.21 0.00 0.00 0.00 3,873,100.21 90 Days 6 1 0 0 7 1,354,494.05 296,000.00 0.00 0.00 1,650,494.05 120 Days 4 1 0 0 5 651,999.12 71,084.67 0.00 0.00 723,083.79 150 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 100 3 0 0 103 17,716,445.62 525,771.75 0.00 0.00 18,242,217.37 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.297115% 0.061387% 0.000000% 0.000000% 4.358502% 3.919743% 0.052549% 0.000000% 0.000000% 3.972292% 60 Days 1.227747% 0.000000% 0.000000% 0.000000% 1.227747% 1.282567% 0.000000% 0.000000% 0.000000% 1.282567% 90 Days 0.368324% 0.061387% 0.000000% 0.000000% 0.429711% 0.448537% 0.098020% 0.000000% 0.000000% 0.546557% 120 Days 0.245549% 0.061387% 0.000000% 0.000000% 0.306937% 0.215908% 0.023540% 0.000000% 0.000000% 0.239447% 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 6.138735% 0.184162% 0.000000% 0.000000% 6.322897% 5.866755% 0.174108% 0.000000% 0.000000% 6.040863% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II Sub Grp 1 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 6 0 0 0 6 1,070,390.37 0.00 0.00 0.00 1,070,390.37 60 Days 1 0 0 0 1 79,718.77 0.00 0.00 0.00 79,718.77 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 7 0 0 0 7 1,150,109.14 0.00 0.00 0.00 1,150,109.14 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.081633% 0.000000% 0.000000% 0.000000% 4.081633% 2.866982% 0.000000% 0.000000% 0.000000% 2.866982% 60 Days 0.680272% 0.000000% 0.000000% 0.000000% 0.680272% 0.213522% 0.000000% 0.000000% 0.000000% 0.213522% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 4.761905% 0.000000% 0.000000% 0.000000% 4.761905% 3.080504% 0.000000% 0.000000% 0.000000% 3.080504% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II Sub Grp 2 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 9 0 0 0 9 3,673,375.29 0.00 0.00 0.00 3,673,375.29 60 Days 7 0 0 0 7 2,827,216.71 0.00 0.00 0.00 2,827,216.71 90 Days 1 0 0 0 1 500,000.00 0.00 0.00 0.00 500,000.00 120 Days 1 0 0 0 1 377,704.68 0.00 0.00 0.00 377,704.68 150 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 18 0 0 0 18 7,378,296.68 0.00 0.00 0.00 7,378,296.68 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.132701% 0.000000% 0.000000% 0.000000% 2.132701% 2.096195% 0.000000% 0.000000% 0.000000% 2.096195% 60 Days 1.658768% 0.000000% 0.000000% 0.000000% 1.658768% 1.613338% 0.000000% 0.000000% 0.000000% 1.613338% 90 Days 0.236967% 0.000000% 0.000000% 0.000000% 0.236967% 0.285323% 0.000000% 0.000000% 0.000000% 0.285323% 120 Days 0.236967% 0.000000% 0.000000% 0.000000% 0.236967% 0.215535% 0.000000% 0.000000% 0.000000% 0.215535% 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 4.265403% 0.000000% 0.000000% 0.000000% 4.265403% 4.210391% 0.000000% 0.000000% 0.000000% 4.210391%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 326,141.90
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.808251% Weighted Average Net Coupon 6.308251% Weighted Average Pass-Through Rate 6.303251% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 5,508 Number Of Loans Paid In Full 138 Ending Scheduled Collateral Loan Count 5,370 Beginning Scheduled Collateral Balance 974,204,571.91 Ending Scheduled Collateral Balance 948,132,277.88 Ending Actual Collateral Balance at 30-Nov-2004 949,003,468.98 Monthly P &I Constant 6,338,052.26 Special Servicing Fee 0.00 Prepayment Penalties 570,025.32 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 806,456.22 Unscheduled Principal 25,265,837.81 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 15,874,550.04 Overcollateralized Amount 15,874,550.04 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00
Group Level Collateral Statement Group Group IA Sub Grp 1 Group IA Sub Grp 2 Group IB Sub Grp 1 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.631719 6.878890 7.422740 Weighted Average Net Rate 7.131719 6.378890 6.922740 Weighted Average Maturity 322 353 325 Beginning Loan Count 727 1,847 684 Loans Paid In Full 19 50 17 Ending Loan Count 708 1,797 667 Beginning Scheduled Balance 72,565,669.56 304,883,644.87 69,794,813.00 Ending scheduled Balance 71,411,436.19 294,409,991.05 68,199,035.47 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 542,894.66 1,983,816.34 510,212.50 Scheduled Principal 81,393.99 236,098.68 78,488.55 Unscheduled Principal 1,072,839.38 10,237,555.14 1,517,288.98 Scheduled Interest 461,500.67 1,747,717.66 431,723.95 Servicing Fees 30,235.70 127,034.85 29,081.17 Master Servicing Fees 302.36 1,270.35 290.81 Trustee Fee 0.00 0.00 0.00 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 430,962.61 1,619,412.46 402,351.97 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 7.126719 6.373890 6.917740
Group Level Collateral Statement Group Group IB Sub Grp 2 Group II Sub Grp 1 Group II Sub Grp 2 Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 6.732985 6.787874 6.280075 Weighted Average Net Rate 6.232985 6.287874 5.780075 Weighted Average Maturity 353 341 353 Beginning Loan Count 1,666 151 433 Loans Paid In Full 37 4 11 Ending Loan Count 1,629 147 422 Beginning Scheduled Balance 309,561,104.41 37,869,721.12 179,529,618.95 Ending scheduled Balance 301,710,787.31 37,295,663.61 175,105,364.25 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,984,352.97 252,697.00 1,064,078.79 Scheduled Principal 247,461.12 38,484.59 124,529.29 Unscheduled Principal 7,602,855.98 535,572.92 4,299,725.41 Scheduled Interest 1,736,891.85 214,212.41 939,549.50 Servicing Fees 128,983.79 15,779.05 74,804.01 Master Servicing Fees 1,289.84 157.79 748.04 Trustee Fee 0.00 0.00 0.00 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 1,606,618.22 198,275.57 863,997.45 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 6.227985 6.282874 5.775075
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 6.808251 Weighted Average Net Rate 6.308251 Weighted Average Maturity 348.00 Record Date 11/30/2004 Principal And Interest Constant 6,338,052.26 Beginning Loan Count 5,508 Loans Paid In Full 138 Ending Loan Count 5,370 Beginning Scheduled Balance 974,204,571.91 Ending Scheduled Balance 948,132,277.88 Scheduled Principal 806,456.22 Unscheduled Principal 25,265,837.81 Scheduled Interest 5,531,596.04 Servicing Fee 405,918.57 Master Servicing Fee 4,059.19 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 5,121,618.28 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 6.303251
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