-----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, LTrcTEKGBf2rLJnbVwqVqJhrGJFEpMufZQ+YoC3E6mi7lfBlGt3RsmsT45j7GOVx 0csLUtKMYuiqJ+ftlkbZGw== 0001056404-04-003319.txt : 20041004 0001056404-04-003319.hdr.sgml : 20041004 20041004153835 ACCESSION NUMBER: 0001056404-04-003319 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040925 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041004 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMPAC SECURED ASSETS CORP MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2004-3 CENTRAL INDEX KEY: 0001302130 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-117991-01 FILM NUMBER: 041062386 BUSINESS ADDRESS: STREET 1: 1401 DOVE STREET STREET 2: SUITE 200 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 949-475-3700 MAIL ADDRESS: STREET 1: 1401 DOVE STREET STREET 2: SUITE 200 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 8-K 1 imp04003_sep.txt SEPTEMBER 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): September 27, 2004 IMPAC SECURED ASSETS CORPORATION Mortgage Pass-Through Certificates, Series 2004-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-117991-01 Pooling and Servicing Agreement) (Commission 54-2160281 (State or other File Number) 54-2160282 jurisdiction 54-2160283 of Incorporation) 54-2160284 IRS EIN 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 September 27, 2004 a distribution was made to holders of IMPAC SECURED ASSETS CORPORATION, Mortgage Pass-Through Certificates, Series 2004-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-3 Trust, relating to the September 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. IMPAC SECURED ASSETS CORPORATION Mortgage Pass-Through Certificates, Series 2004-3 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: 9/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-3 Trust, relating to the September 27, 2004 distribution. EX-99.1
Impac Mortgage Pass-Through Certificates Mortgage Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/27/2004 IMP Series: 2004-3 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 1-A-1 45254TPU2 SEN 1.84000% 475,414,000.00 656,071.32 4,006,098.96 1-A-2 45254TPV0 SEN 1.99000% 200,000,000.00 298,500.00 0.00 1-A-3 45254TPW8 SEN 2.17000% 145,231,000.00 236,363.45 0.00 1-A-4 45254TPX6 SEN 2.04000% 554,152,000.00 847,852.56 2,705,174.28 1-A-5 45254TPY4 SEN 2.11000% 152,755,000.00 241,734.79 745,695.94 2-A-1 45254TPZ1 SEN 1.96000% 400,124,000.00 588,182.28 1,230,879.69 2-A-2 45254TQA5 SEN 1.96000% 225,124,000.00 330,932.28 692,536.71 M-1 45254TQB3 MEZ 2.24000% 26,450,000.00 44,436.00 0.00 M-2 45254TQC1 MEZ 2.29000% 23,000,000.00 39,502.50 0.00 M-3 45254TQD9 MEZ 2.34000% 23,000,000.00 40,365.00 0.00 M-4 45254TQE7 MEZ 2.79000% 23,000,000.00 48,127.50 0.00 M-5 45254TQF4 MEZ 2.89000% 23,000,000.00 49,852.50 0.00 B 45254TQG2 SUB 3.49000% 28,750,000.00 75,253.13 0.00 C 45254TQH0 SEN 0.00000% 0.00 3,021,899.86 0.00 P 45254TQJ6 SEN 0.00000% 100.00 22,940.68 0.00 R 45254TQK3 RES 0.00000% 0.00 0.00 0.00 Totals 2,300,000,100.00 6,542,013.85 9,380,385.58
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 471,407,901.04 4,662,170.28 0.00 1-A-2 0.00 200,000,000.00 298,500.00 0.00 1-A-3 0.00 145,231,000.00 236,363.45 0.00 1-A-4 0.00 551,446,825.72 3,553,026.84 0.00 1-A-5 0.00 152,009,304.06 987,430.73 0.00 2-A-1 0.00 398,893,120.31 1,819,061.97 0.00 2-A-2 0.00 224,431,463.29 1,023,468.99 0.00 M-1 0.00 26,450,000.00 44,436.00 0.00 M-2 0.00 23,000,000.00 39,502.50 0.00 M-3 0.00 23,000,000.00 40,365.00 0.00 M-4 0.00 23,000,000.00 48,127.50 0.00 M-5 0.00 23,000,000.00 49,852.50 0.00 B 0.00 28,750,000.00 75,253.13 0.00 C 0.00 0.00 3,021,899.86 0.00 P 0.00 100.00 22,940.68 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 2,290,619,714.42 15,922,399.43 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) 1-A-1 475,414,000.00 475,414,000.00 0.00 0.00 0.00 0.00 1-A-2 200,000,000.00 200,000,000.00 0.00 0.00 0.00 0.00 1-A-3 145,231,000.00 145,231,000.00 0.00 0.00 0.00 0.00 1-A-4 554,152,000.00 554,152,000.00 0.00 0.00 0.00 0.00 1-A-5 152,755,000.00 152,755,000.00 0.00 0.00 0.00 0.00 2-A-1 400,124,000.00 400,124,000.00 0.00 0.00 0.00 0.00 2-A-2 225,124,000.00 225,124,000.00 0.00 0.00 0.00 0.00 M-1 26,450,000.00 26,450,000.00 0.00 0.00 0.00 0.00 M-2 23,000,000.00 23,000,000.00 0.00 0.00 0.00 0.00 M-3 23,000,000.00 23,000,000.00 0.00 0.00 0.00 0.00 M-4 23,000,000.00 23,000,000.00 0.00 0.00 0.00 0.00 M-5 23,000,000.00 23,000,000.00 0.00 0.00 0.00 0.00 B 28,750,000.00 28,750,000.00 0.00 0.00 0.00 0.00 C 0.00 0.00 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 2,300,000,100.00 2,300,000,100.00 0.00 0.00 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 1-A-1 4,006,098.96 471,407,901.04 0.99157345 4,006,098.96 1-A-2 0.00 200,000,000.00 1.00000000 0.00 1-A-3 0.00 145,231,000.00 1.00000000 0.00 1-A-4 2,705,174.28 551,446,825.72 0.99511835 2,705,174.28 1-A-5 745,695.94 152,009,304.06 0.99511835 745,695.94 2-A-1 1,230,879.69 398,893,120.31 0.99692375 1,230,879.69 2-A-2 692,536.71 224,431,463.29 0.99692375 692,536.71 M-1 0.00 26,450,000.00 1.00000000 0.00 M-2 0.00 23,000,000.00 1.00000000 0.00 M-3 0.00 23,000,000.00 1.00000000 0.00 M-4 0.00 23,000,000.00 1.00000000 0.00 M-5 0.00 23,000,000.00 1.00000000 0.00 B 0.00 28,750,000.00 1.00000000 0.00 C 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 9,380,385.58 2,290,619,714.42 0.99592157 9,380,385.58
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 475,414,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-2 200,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-3 145,231,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-4 554,152,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-5 152,755,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-1 400,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-2 225,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 26,450,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 23,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 23,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 23,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 23,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 28,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 0.00 0.00000000 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 $1000 Denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A-1 0.00000000 8.42654815 991.57345185 0.99157345 8.42654815 1-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-4 0.00000000 4.88164670 995.11835330 0.99511835 4.88164670 1-A-5 0.00000000 4.88164669 995.11835331 0.99511835 4.88164669 2-A-1 0.00000000 3.07624559 996.92375441 0.99692375 3.07624559 2-A-2 0.00000000 3.07624558 996.92375442 0.99692375 3.07624558 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 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 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 1-A-1 475,414,000.00 1.84000% 475,414,000.00 656,071.32 0.00 0.00 1-A-2 200,000,000.00 1.99000% 200,000,000.00 298,500.00 0.00 0.00 1-A-3 145,231,000.00 2.17000% 145,231,000.00 236,363.45 0.00 0.00 1-A-4 554,152,000.00 2.04000% 554,152,000.00 847,852.56 0.00 0.00 1-A-5 152,755,000.00 2.11000% 152,755,000.00 241,734.79 0.00 0.00 2-A-1 400,124,000.00 1.96000% 400,124,000.00 588,182.28 0.00 0.00 2-A-2 225,124,000.00 1.96000% 225,124,000.00 330,932.28 0.00 0.00 M-1 26,450,000.00 2.24000% 26,450,000.00 44,436.00 0.00 0.00 M-2 23,000,000.00 2.29000% 23,000,000.00 39,502.50 0.00 0.00 M-3 23,000,000.00 2.34000% 23,000,000.00 40,365.00 0.00 0.00 M-4 23,000,000.00 2.79000% 23,000,000.00 48,127.50 0.00 0.00 M-5 23,000,000.00 2.89000% 23,000,000.00 49,852.50 0.00 0.00 B 28,750,000.00 3.49000% 28,750,000.00 75,253.13 0.00 0.00 C 0.00 0.00000% 0.00 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 2,300,000,100.00 3,497,173.31 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 1-A-1 0.00 0.00 656,071.32 0.00 471,407,901.04 1-A-2 0.00 0.00 298,500.00 0.00 200,000,000.00 1-A-3 0.00 0.00 236,363.45 0.00 145,231,000.00 1-A-4 0.00 0.00 847,852.56 0.00 551,446,825.72 1-A-5 0.00 0.00 241,734.79 0.00 152,009,304.06 2-A-1 0.00 0.00 588,182.28 0.00 398,893,120.31 2-A-2 0.00 0.00 330,932.28 0.00 224,431,463.29 M-1 0.00 0.00 44,436.00 0.00 26,450,000.00 M-2 0.00 0.00 39,502.50 0.00 23,000,000.00 M-3 0.00 0.00 40,365.00 0.00 23,000,000.00 M-4 0.00 0.00 48,127.50 0.00 23,000,000.00 M-5 0.00 0.00 49,852.50 0.00 23,000,000.00 B 0.00 0.00 75,253.13 0.00 28,750,000.00 C 0.00 0.00 3,021,899.86 0.00 0.00 P 0.00 0.00 22,940.68 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,542,013.85 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 1-A-1 475,414,000.00 1.84000% 1000.00000000 1.38000000 0.00000000 0.00000000 1-A-2 200,000,000.00 1.99000% 1000.00000000 1.49250000 0.00000000 0.00000000 1-A-3 145,231,000.00 2.17000% 1000.00000000 1.62749998 0.00000000 0.00000000 1-A-4 554,152,000.00 2.04000% 1000.00000000 1.53000000 0.00000000 0.00000000 1-A-5 152,755,000.00 2.11000% 1000.00000000 1.58250002 0.00000000 0.00000000 2-A-1 400,124,000.00 1.96000% 1000.00000000 1.47000000 0.00000000 0.00000000 2-A-2 225,124,000.00 1.96000% 1000.00000000 1.47000000 0.00000000 0.00000000 M-1 26,450,000.00 2.24000% 1000.00000000 1.68000000 0.00000000 0.00000000 M-2 23,000,000.00 2.29000% 1000.00000000 1.71750000 0.00000000 0.00000000 M-3 23,000,000.00 2.34000% 1000.00000000 1.75500000 0.00000000 0.00000000 M-4 23,000,000.00 2.79000% 1000.00000000 2.09250000 0.00000000 0.00000000 M-5 23,000,000.00 2.89000% 1000.00000000 2.16750000 0.00000000 0.00000000 B 28,750,000.00 3.49000% 1000.00000000 2.61750017 0.00000000 0.00000000 C 0.00 0.00000% 0.00000000 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 $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 1-A-1 0.00000000 0.00000000 1.38000000 0.00000000 991.57345185 1-A-2 0.00000000 0.00000000 1.49250000 0.00000000 1000.00000000 1-A-3 0.00000000 0.00000000 1.62749998 0.00000000 1000.00000000 1-A-4 0.00000000 0.00000000 1.53000000 0.00000000 995.11835330 1-A-5 0.00000000 0.00000000 1.58250002 0.00000000 995.11835331 2-A-1 0.00000000 0.00000000 1.47000000 0.00000000 996.92375441 2-A-2 0.00000000 0.00000000 1.47000000 0.00000000 996.92375442 M-1 0.00000000 0.00000000 1.68000000 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.71750000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 1.75500000 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.09250000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.16750000 0.00000000 1000.00000000 B 0.00000000 0.00000000 2.61750017 0.00000000 1000.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 229406.80000000 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 16,825,518.26 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 0.00 Total Deposits 16,825,518.26 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 870,293.31 Payment of Interest and Principal 15,922,399.43 Total Withdrawals (Pool Distribution Amount) 16,792,692.74 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 596,876.40 Ambac Certificate Insurer Premium 0.00 Master Servicing Fee 47,750.37 Radian Lender-Paid PMI Policy 225,666.54 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 870,293.31
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 5,000.00 0.00 0.00 5,000.00 Financial Guaranty 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 3 0 0 0 3 513,430.77 0.00 0.00 0.00 513,430.77 60 Days 1 0 0 0 1 276,567.18 0.00 0.00 0.00 276,567.18 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 4 0 0 0 4 789,997.95 0.00 0.00 0.00 789,997.95 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 0.039547% 0.000000% 0.000000% 0.000000% 0.039547% 0.027014% 0.000000% 0.000000% 0.000000% 0.027014% 60 Days 0.013182% 0.000000% 0.000000% 0.000000% 0.013182% 0.014551% 0.000000% 0.000000% 0.000000% 0.014551% 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 0.052729% 0.000000% 0.000000% 0.000000% 0.052729% 0.041565% 0.000000% 0.000000% 0.000000% 0.041565%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 2 0 0 0 2 199,380.42 0.00 0.00 0.00 199,380.42 60 Days 1 0 0 0 1 276,567.18 0.00 0.00 0.00 276,567.18 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 3 0 0 0 3 475,947.60 0.00 0.00 0.00 475,947.60 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.039683% 0.000000% 0.000000% 0.000000% 0.039683% 0.014792% 0.000000% 0.000000% 0.000000% 0.014792% 60 Days 0.019841% 0.000000% 0.000000% 0.000000% 0.019841% 0.020519% 0.000000% 0.000000% 0.000000% 0.020519% 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 0.059524% 0.000000% 0.000000% 0.000000% 0.059524% 0.035311% 0.000000% 0.000000% 0.000000% 0.035311% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 1 0 0 0 1 314,050.35 0.00 0.00 0.00 314,050.35 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 1 0 0 0 1 314,050.35 0.00 0.00 0.00 314,050.35 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.039277% 0.000000% 0.000000% 0.000000% 0.039277% 0.056817% 0.000000% 0.000000% 0.000000% 0.056817% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.039277% 0.000000% 0.000000% 0.000000% 0.039277% 0.056817% 0.000000% 0.000000% 0.000000% 0.056817%
OTHER INFORMATION 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 3.634828% Weighted Average Net Coupon 3.323415% Weighted Average Pass-Through Rate 3.418382% Weighted Average Maturity(Stepdown Calculation ) 358 Beginning Scheduled Collateral Loan Count 7,622 Number Of Loans Paid In Full 36 Ending Scheduled Collateral Loan Count 7,586 Beginning Scheduled Collateral Balance 2,300,000,100.00 Ending Scheduled Collateral Balance 1,900,623,732.58 Ending Actual Collateral Balance at 31-Aug-2004 1,900,623,732.58 Monthly P &I Constant 6,580,043.58 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,900,623,732.58 Scheduled Principal 794,595.87 Unscheduled Principal 8,585,789.71
Beginning Interest Coverage Account Balance 4,738,484.05 Interest Coverage Amount 1,636,743.58 Ending Interest Coverage Account Balance 3,101,740.47
Miscellaneous Reporting Overcollateralization Amount 0.00 Overcollateralization Increase Amount 0.00 Overcollateralization Reduction 0.00 Ambac Fee 32,825.52 Net Corridor Contract Payment Amount 0.00 Overcollateralization Target Amount 0.00
Group Level Collateral Statement Group 1 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 3.659436 3.574700 3.634828 Weighted Average Net Rate 3.284436 3.199700 3.323415 Weighted Average Maturity 358 358 358 Beginning Loan Count 5,068 2,554 7,622 Loans Paid In Full 28 8 36 Ending Loan Count 5,040 2,546 7,586 Beginning Scheduled Balance 1,355,338,924.30 554,665,193.86 1,910,004,118.16 Ending scheduled Balance 1,347,881,955.12 552,741,777.46 1,900,623,732.58 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 4,667,168.13 1,912,875.45 6,580,043.58 Scheduled Principal 534,021.68 260,574.19 794,595.87 Unscheduled Principal 6,922,947.50 1,662,842.21 8,585,789.71 Scheduled Interest 4,133,146.45 1,652,301.26 5,785,447.71 Servicing Fees 423,543.47 173,332.93 596,876.40 Master Servicing Fees 0.00 0.00 0.00 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 204,989.18 68,427.73 273,416.91 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 3,504,613.80 1,410,540.60 4,915,154.40 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
Group Miscellaneous Reporting Items 1 Beginning Pre-Funding Account Balance 276,660,693.12 1 Ending Pre-Funding Account Balance 276,660,693.12 2 Beginning Pre-Funding Account Balance 113,335,188.72 2 Ending Pre-Funding Account Balance 113,335,188.72
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