8-K 1 bf824124-8k.txt CURRENT REPORT 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 30, 2004 Banc of America Funding Corporation -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-109285 56-193-0085 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File No.) Identification No.) 214 North Tryon Street, Charlotte, North Carolina 28255 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code (704) 386-2400 -------------------------------------------------------------------------------- (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: [_] 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 30, 2004, Banc of America Funding Corporation, a Delaware corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series 2004-C, Class 1-A-1, Class 1-A-R, Class 1-A-MR, Class 1-A-LR, Class 2-A-1, Class 2-A-2, Class 2-X-1, Class 3-A-1, Class 4-A-1, Class 4-A-2, Class 4-A-3, Class 1-B-1, Class 1-B-2, Class 1-B-3, Class CB-1, Class CB-2, Class CB-3, Class 4-M-1, Class 4-M-2, Class 4-B-1 and Class 4-B-2 Certificates (the "Offered Certificates"), having an aggregate original principal balance of $459,677,100. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated November 30, 2004, among the Registrant, Wells Fargo Bank, N.A., as master servicer and securities administrator, and Wachovia Bank, National Association, as trustee (the "Agreement"), a copy of which is filed as an exhibit hereto. Mortgage Pass-Through Certificates, Series 2004-C, Class 1-B-4, Class 1-B-5, Class 1-B-6, Class CB-4, Class CB-5, Class CB-6, Class 4-CE, Class 4-R and Class 4-LR Certificates, having an aggregate initial principal balance of $2,327,256 (the "Private Certificates" and, together with the Offered Certificates, the "Certificates"), were also issued pursuant to the Agreement. As of the date of initial issuance, the Offered Certificates evidenced an approximate 98.75% undivided interest in a trust (the "Trust"), consisting principally of four pools of adjustable interest rate, conventional, monthly pay, fully-amortizing, one- to four-family residential first mortgage loans. The remaining undivided interests in the Trust are evidenced by the Private Certificates distributions on which are subordinated to distributions on the Offered Certificates. Interest on the Offered Certificates will be distributed on each Distribution Date (as defined in the Agreement). Monthly distributions in reduction of the principal balance of the Offered Certificates will be allocated to the Offered Certificates in accordance with the priorities set forth in the Agreement. Distributions of interest and in reduction of principal balance on any Distribution Date will be made to the extent that the Pool Distribution Amounts and Available Funds are sufficient therefor. Elections will be made to treat the Trust as five separate REMICs for federal income tax purposes (each a "REMIC"). The Offered Certificates will be treated as "regular interests" in the applicable REMICs and the Class 1-A-R, Class 1-A-MR, Class 1-A-LR, Class 4-R and Class 4-LR Certificates will be treated as the "residual interest" in the applicable REMICs. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------------- ----------- (EX-4) Pooling and Servicing Agreement, dated November 30, 2004, among Banc of America Funding Corporation, Wells Fargo Bank, N.A., as master servicer and securities administrator, and Wachovia Bank, National Association, as trustee. 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. BANC OF AMERICA FUNDING CORPORATION November 30, 2004 By: /s/ Scott Evans ------------------------------------ Name: Scott Evans Title: Senior Vice President INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing Agreement, E dated November 30, 2004 among Banc of America Funding Corporation, Wells Fargo Bank, N.A., as master servicer and securities administrator, and Wachovia Bank, National Association, as trustee.

Banc of America Funding Corporation Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/20/2004 Banc of America Funding Corporation Mortgage Pass-Through Certificates Series 2004-C 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 05946XLS0 SEN 5.10349% 49,502,000.00 210,527.33 1,063,194.98 1-AR BAF04C1AR SEN 5.10349% 50.00 0.21 50.00 1-AMR BAF04CAMR SEN 5.10349% 25.00 0.11 25.00 1-ALR BAF04CALR SEN 5.10349% 25.00 0.11 25.00 2-A-1 05946XLW1 SEN 4.46089% 25,000,000.00 92,935.30 494,351.28 2-A-2 05946XLX9 SEN 4.50989% 21,024,000.00 79,013.35 415,729.65 2-X-1 05946XLY7 SEN 0.62462% 0.00 23,956.14 0.00 3-A-1 05946XLZ4 SEN 5.20319% 77,860,000.00 337,600.31 1,053,434.64 4-A-1 05946XMA8 SEN 2.53750% 154,679,000.00 218,054.42 1,605,102.28 4-A-2 05946XMB6 SEN 2.54750% 78,808,000.00 111,535.21 381,747.81 4-A-3 05946XMC4 SEN 2.65750% 22,902,000.00 33,812.26 194,883.98 4-CE 05946XMV2 SEN 0.00000% 3,492,763.10 915,188.67 0.00 4-R 05946XMW0 SEN 0.00000% 0.00 0.00 0.00 4-LR 05946XMX8 SEN 0.00000% 0.00 0.00 0.00 1-B-1 05946XMD2 SUB 5.10349% 587,000.00 2,496.46 663.57 1-B-2 05946XME0 SUB 5.10349% 255,000.00 1,084.49 288.26 1-B-3 05946XMF7 SUB 5.10349% 255,000.00 1,084.49 288.26 1-B-4 05946XMP5 SUB 5.10349% 281,000.00 1,195.07 317.66 1-B-5 05946XMQ3 SUB 5.10349% 77,000.00 327.47 87.04 1-B-6 05946XMR1 SUB 5.10349% 76,631.00 325.90 86.62 CB-1 05946XMG5 SUB 5.16778% 6,962,000.00 29,981.75 2,027.01 CB-2 05946XMH3 SUB 5.16778% 1,487,000.00 6,403.74 432.94 CB-3 05946XMJ9 SUB 5.16778% 946,000.00 4,073.94 275.43 CB-4 05946XMS9 SUB 5.16778% 811,000.00 3,492.56 236.12 CB-5 05946XMT7 SUB 5.16778% 608,000.00 2,618.34 177.02 CB-6 05946XMU4 SUB 5.16778% 473,625.00 2,039.66 137.90 4-M-1 05946XMK6 SEN 2.80750% 8,239,000.00 12,850.55 0.00 4-M-2 05946XML4 SEN 3.30750% 6,004,000.00 11,032.35 0.00 4-B-1 05946XMM2 SUB 3.95750% 3,491,000.00 7,675.35 0.00 4-B-2 05946XMN0 SUB 3.95750% 1,676,000.00 3,684.87 0.00 Totals 465,497,119.10 2,112,990.41 5,213,562.45

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 48,438,805.02 1,273,722.31 0.00 1-AR 0.00 0.00 50.21 0.00 1-AMR 0.00 0.00 25.11 0.00 1-ALR 0.00 0.00 25.11 0.00 2-A-1 0.00 24,505,648.72 587,286.58 0.00 2-A-2 0.00 20,608,270.35 494,743.00 0.00 2-X-1 0.00 0.00 23,956.14 0.00 3-A-1 0.00 76,806,565.36 1,391,034.95 0.00 4-A-1 0.00 153,073,897.72 1,823,156.70 0.00 4-A-2 0.00 78,426,252.19 493,283.02 0.00 4-A-3 0.00 22,707,116.02 228,696.24 0.00 4-CE 0.00 3,491,147.04 915,188.67 0.00 4-R 0.00 0.00 0.00 0.00 4-LR 0.00 0.00 0.00 0.00 1-B-1 0.00 586,336.43 3,160.03 0.00 1-B-2 0.00 254,711.74 1,372.75 0.00 1-B-3 0.00 254,711.74 1,372.75 0.00 1-B-4 0.00 280,682.34 1,512.73 0.00 1-B-5 0.00 76,912.96 414.51 0.00 1-B-6 0.00 76,544.38 412.52 0.00 CB-1 0.00 6,959,972.99 32,008.76 0.00 CB-2 0.00 1,486,567.06 6,836.68 0.00 CB-3 0.00 945,724.57 4,349.37 0.00 CB-4 0.00 810,763.88 3,728.68 0.00 CB-5 0.00 607,822.98 2,795.36 0.00 CB-6 0.00 473,487.10 2,177.56 0.00 4-M-1 0.00 8,239,000.00 12,850.55 0.00 4-M-2 0.00 6,004,000.00 11,032.35 0.00 4-B-1 0.00 3,491,000.00 7,675.35 0.00 4-B-2 0.00 1,676,000.00 3,684.87 0.00 Totals 0.00 460,281,940.59 7,326,552.86 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 49,502,000.00 49,502,000.00 55,954.38 1,007,240.59 0.00 0.00 1-AR 50.00 50.00 2.63 47.37 0.00 0.00 1-AMR 25.00 25.00 1.32 23.68 0.00 0.00 1-ALR 25.00 25.00 1.32 23.68 0.00 0.00 2-A-1 25,000,000.00 25,000,000.00 1,864.31 492,486.97 0.00 0.00 2-A-2 21,024,000.00 21,024,000.00 1,567.81 414,161.84 0.00 0.00 2-X-1 0.00 0.00 0.00 0.00 0.00 0.00 3-A-1 77,860,000.00 77,860,000.00 32,639.07 1,020,795.57 0.00 0.00 4-A-1 154,679,000.00 154,679,000.00 0.00 1,605,102.28 0.00 0.00 4-A-2 78,808,000.00 78,808,000.00 0.00 381,747.81 0.00 0.00 4-A-3 22,902,000.00 22,902,000.00 0.00 194,883.98 0.00 0.00 4-CE 3,492,763.10 3,492,763.10 0.00 0.00 0.00 0.00 4-R 0.00 0.00 0.00 0.00 0.00 0.00 4-LR 0.00 0.00 0.00 0.00 0.00 0.00 1-B-1 587,000.00 587,000.00 663.57 0.00 0.00 0.00 1-B-2 255,000.00 255,000.00 288.26 0.00 0.00 0.00 1-B-3 255,000.00 255,000.00 288.26 0.00 0.00 0.00 1-B-4 281,000.00 281,000.00 317.66 0.00 0.00 0.00 1-B-5 77,000.00 77,000.00 87.04 0.00 0.00 0.00 1-B-6 76,631.00 76,631.00 86.62 0.00 0.00 0.00 CB-1 6,962,000.00 6,962,000.00 2,027.01 0.00 0.00 0.00 CB-2 1,487,000.00 1,487,000.00 432.94 0.00 0.00 0.00 CB-3 946,000.00 946,000.00 275.43 0.00 0.00 0.00 CB-4 811,000.00 811,000.00 236.12 0.00 0.00 0.00 CB-5 608,000.00 608,000.00 177.02 0.00 0.00 0.00 CB-6 473,625.00 473,625.00 137.90 0.00 0.00 0.00 4-M-1 8,239,000.00 8,239,000.00 0.00 0.00 0.00 0.00 4-M-2 6,004,000.00 6,004,000.00 0.00 0.00 0.00 0.00 4-B-1 3,491,000.00 3,491,000.00 0.00 0.00 0.00 0.00 4-B-2 1,676,000.00 1,676,000.00 0.00 0.00 0.00 0.00 Totals 465,497,119.10 465,497,119.10 97,048.67 5,116,513.77 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 1,063,194.98 48,438,805.02 0.97852218 1,063,194.98 1-AR 50.00 0.00 0.00000000 50.00 1-AMR 25.00 0.00 0.00000000 25.00 1-ALR 25.00 0.00 0.00000000 25.00 2-A-1 494,351.28 24,505,648.72 0.98022595 494,351.28 2-A-2 415,729.65 20,608,270.35 0.98022595 415,729.65 2-X-1 0.00 0.00 0.00000000 0.00 3-A-1 1,053,434.64 76,806,565.36 0.98647014 1,053,434.64 4-A-1 1,605,102.28 153,073,897.72 0.98962301 1,605,102.28 4-A-2 381,747.81 78,426,252.19 0.99515598 381,747.81 4-A-3 194,883.98 22,707,116.02 0.99149053 194,883.98 4-CE 0.00 3,491,147.04 0.99953731 0.00 4-R 0.00 0.00 0.00000000 0.00 4-LR 0.00 0.00 0.00000000 0.00 1-B-1 663.57 586,336.43 0.99886956 663.57 1-B-2 288.26 254,711.74 0.99886957 288.26 1-B-3 288.26 254,711.74 0.99886957 288.26 1-B-4 317.66 280,682.34 0.99886954 317.66 1-B-5 87.04 76,912.96 0.99886961 87.04 1-B-6 86.62 76,544.38 0.99886965 86.62 CB-1 2,027.01 6,959,972.99 0.99970885 2,027.01 CB-2 432.94 1,486,567.06 0.99970885 432.94 CB-3 275.43 945,724.57 0.99970885 275.43 CB-4 236.12 810,763.88 0.99970885 236.12 CB-5 177.02 607,822.98 0.99970885 177.02 CB-6 137.90 473,487.10 0.99970884 137.90 4-M-1 0.00 8,239,000.00 1.00000000 0.00 4-M-2 0.00 6,004,000.00 1.00000000 0.00 4-B-1 0.00 3,491,000.00 1.00000000 0.00 4-B-2 0.00 1,676,000.00 1.00000000 0.00 Totals 5,213,562.45 460,281,940.59 0.98879654 5,213,562.45

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 49,502,000.00 1000.00000000 1.13034584 20.34747263 0.00000000 1-AR 50.00 1000.00000000 52.60000000 947.40000000 0.00000000 1-AMR 25.00 1000.00000000 52.80000000 947.20000000 0.00000000 1-ALR 25.00 1000.00000000 52.80000000 947.20000000 0.00000000 2-A-1 25,000,000.00 1000.00000000 0.07457240 19.69947880 0.00000000 2-A-2 21,024,000.00 1000.00000000 0.07457239 19.69947869 0.00000000 2-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 77,860,000.00 1000.00000000 0.41920203 13.11065464 0.00000000 4-A-1 154,679,000.00 1000.00000000 0.00000000 10.37698899 0.00000000 4-A-2 78,808,000.00 1000.00000000 0.00000000 4.84402358 0.00000000 4-A-3 22,902,000.00 1000.00000000 0.00000000 8.50947428 0.00000000 4-CE 3,492,763.10 1000.00000000 0.00000000 0.00000000 0.00000000 4-R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4-LR 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 587,000.00 1000.00000000 1.13044293 0.00000000 0.00000000 1-B-2 255,000.00 1000.00000000 1.13043137 0.00000000 0.00000000 1-B-3 255,000.00 1000.00000000 1.13043137 0.00000000 0.00000000 1-B-4 281,000.00 1000.00000000 1.13046263 0.00000000 0.00000000 1-B-5 77,000.00 1000.00000000 1.13038961 0.00000000 0.00000000 1-B-6 76,631.00 1000.00000000 1.13035195 0.00000000 0.00000000 CB-1 6,962,000.00 1000.00000000 0.29115340 0.00000000 0.00000000 CB-2 1,487,000.00 1000.00000000 0.29114997 0.00000000 0.00000000 CB-3 946,000.00 1000.00000000 0.29115222 0.00000000 0.00000000 CB-4 811,000.00 1000.00000000 0.29114673 0.00000000 0.00000000 CB-5 608,000.00 1000.00000000 0.29115132 0.00000000 0.00000000 CB-6 473,625.00 1000.00000000 0.29115862 0.00000000 0.00000000 4-M-1 8,239,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 4-M-2 6,004,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 4-B-1 3,491,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 4-B-2 1,676,000.00 1000.00000000 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 1-A-1 0.00000000 21.47781867 978.52218133 0.97852218 21.47781867 1-AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1-AMR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1-ALR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 2-A-1 0.00000000 19.77405120 980.22594880 0.98022595 19.77405120 2-A-2 0.00000000 19.77405108 980.22594892 0.98022595 19.77405108 2-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 0.00000000 13.52985667 986.47014333 0.98647014 13.52985667 4-A-1 0.00000000 10.37698899 989.62301101 0.98962301 10.37698899 4-A-2 0.00000000 4.84402358 995.15597642 0.99515598 4.84402358 4-A-3 0.00000000 8.50947428 991.49052572 0.99149053 8.50947428 4-CE 0.00000000 0.00000000 999.53731188 0.99953731 0.00000000 4-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 0.00000000 1.13044293 998.86955707 0.99886956 1.13044293 1-B-2 0.00000000 1.13043137 998.86956863 0.99886957 1.13043137 1-B-3 0.00000000 1.13043137 998.86956863 0.99886957 1.13043137 1-B-4 0.00000000 1.13046263 998.86953737 0.99886954 1.13046263 1-B-5 0.00000000 1.13038961 998.86961039 0.99886961 1.13038961 1-B-6 0.00000000 1.13035195 998.86964805 0.99886965 1.13035195 CB-1 0.00000000 0.29115340 999.70884660 0.99970885 0.29115340 CB-2 0.00000000 0.29114997 999.70885003 0.99970885 0.29114997 CB-3 0.00000000 0.29115222 999.70884778 0.99970885 0.29115222 CB-4 0.00000000 0.29114673 999.70885327 0.99970885 0.29114673 CB-5 0.00000000 0.29115132 999.70884868 0.99970885 0.29115132 CB-6 0.00000000 0.29115862 999.70884138 0.99970884 0.29115862 4-M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 4-M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 4-B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 4-B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 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 49,502,000.00 5.10349% 49,502,000.00 210,527.33 0.00 0.00 1-AR 50.00 5.10349% 50.00 0.21 0.00 0.00 1-AMR 25.00 5.10349% 25.00 0.11 0.00 0.00 1-ALR 25.00 5.10349% 25.00 0.11 0.00 0.00 2-A-1 25,000,000.00 4.46089% 25,000,000.00 92,935.30 0.00 0.00 2-A-2 21,024,000.00 4.50989% 21,024,000.00 79,013.35 0.00 0.00 2-X-1 0.00 0.62462% 46,024,000.00 23,956.14 0.00 0.00 3-A-1 77,860,000.00 5.20319% 77,860,000.00 337,600.31 0.00 0.00 4-A-1 154,679,000.00 2.53750% 154,679,000.00 218,054.42 0.00 0.00 4-A-2 78,808,000.00 2.54750% 78,808,000.00 111,535.21 0.00 0.00 4-A-3 22,902,000.00 2.65750% 22,902,000.00 33,812.26 0.00 0.00 4-CE 3,492,763.10 0.00000% 3,492,763.10 0.00 0.00 0.00 4-R 0.00 0.00000% 0.00 0.00 0.00 0.00 4-LR 0.00 0.00000% 0.00 0.00 0.00 0.00 1-B-1 587,000.00 5.10349% 587,000.00 2,496.46 0.00 0.00 1-B-2 255,000.00 5.10349% 255,000.00 1,084.49 0.00 0.00 1-B-3 255,000.00 5.10349% 255,000.00 1,084.49 0.00 0.00 1-B-4 281,000.00 5.10349% 281,000.00 1,195.07 0.00 0.00 1-B-5 77,000.00 5.10349% 77,000.00 327.47 0.00 0.00 1-B-6 76,631.00 5.10349% 76,631.00 325.90 0.00 0.00 CB-1 6,962,000.00 5.16778% 6,962,000.00 29,981.75 0.00 0.00 CB-2 1,487,000.00 5.16778% 1,487,000.00 6,403.74 0.00 0.00 CB-3 946,000.00 5.16778% 946,000.00 4,073.94 0.00 0.00 CB-4 811,000.00 5.16778% 811,000.00 3,492.56 0.00 0.00 CB-5 608,000.00 5.16778% 608,000.00 2,618.34 0.00 0.00 CB-6 473,625.00 5.16778% 473,625.00 2,039.66 0.00 0.00 4-M-1 8,239,000.00 2.80750% 8,239,000.00 12,850.55 0.00 0.00 4-M-2 6,004,000.00 3.30750% 6,004,000.00 11,032.35 0.00 0.00 4-B-1 3,491,000.00 3.95750% 3,491,000.00 7,675.35 0.00 0.00 4-B-2 1,676,000.00 3.95750% 1,676,000.00 3,684.87 0.00 0.00 Totals 465,497,119.10 1,197,801.74 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 0.00 210,527.33 0.00 48,438,805.02 1-AR 0.00 0.00 0.21 0.00 0.00 1-AMR 0.00 0.00 0.11 0.00 0.00 1-ALR 0.00 0.00 0.11 0.00 0.00 2-A-1 0.00 0.00 92,935.30 0.00 24,505,648.72 2-A-2 0.00 0.00 79,013.35 0.00 20,608,270.35 2-X-1 0.00 0.00 23,956.14 0.00 45,113,919.07 3-A-1 0.00 0.00 337,600.31 0.00 76,806,565.36 4-A-1 0.00 0.00 218,054.42 0.00 153,073,897.72 4-A-2 0.00 0.00 111,535.21 0.00 78,426,252.19 4-A-3 0.00 0.00 33,812.26 0.00 22,707,116.02 4-CE 0.00 0.00 915,188.67 0.00 3,491,147.04 4-R 0.00 0.00 0.00 0.00 0.00 4-LR 0.00 0.00 0.00 0.00 0.00 1-B-1 0.00 0.00 2,496.46 0.00 586,336.43 1-B-2 0.00 0.00 1,084.49 0.00 254,711.74 1-B-3 0.00 0.00 1,084.49 0.00 254,711.74 1-B-4 0.00 0.00 1,195.07 0.00 280,682.34 1-B-5 0.00 0.00 327.47 0.00 76,912.96 1-B-6 0.00 0.00 325.90 0.00 76,544.38 CB-1 0.00 0.00 29,981.75 0.00 6,959,972.99 CB-2 0.00 0.00 6,403.74 0.00 1,486,567.06 CB-3 0.00 0.00 4,073.94 0.00 945,724.57 CB-4 0.00 0.00 3,492.56 0.00 810,763.88 CB-5 0.00 0.00 2,618.34 0.00 607,822.98 CB-6 0.00 0.00 2,039.66 0.00 473,487.10 4-M-1 0.00 0.00 12,850.55 0.00 8,239,000.00 4-M-2 0.00 0.00 11,032.35 0.00 6,004,000.00 4-B-1 0.00 0.00 7,675.35 0.00 3,491,000.00 4-B-2 0.00 0.00 3,684.87 0.00 1,676,000.00 Totals 0.00 0.00 2,112,990.41 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 49,502,000.00 5.10349% 1000.00000000 4.25290554 0.00000000 0.00000000 1-AR 50.00 5.10349% 1000.00000000 4.20000000 0.00000000 0.00000000 1-AMR 25.00 5.10349% 1000.00000000 4.40000000 0.00000000 0.00000000 1-ALR 25.00 5.10349% 1000.00000000 4.40000000 0.00000000 0.00000000 2-A-1 25,000,000.00 4.46089% 1000.00000000 3.71741200 0.00000000 0.00000000 2-A-2 21,024,000.00 4.50989% 1000.00000000 3.75824534 0.00000000 0.00000000 2-X-1 0.00 0.62462% 1000.00000000 0.52051408 0.00000000 0.00000000 3-A-1 77,860,000.00 5.20319% 1000.00000000 4.33599165 0.00000000 0.00000000 4-A-1 154,679,000.00 2.53750% 1000.00000000 1.40972220 0.00000000 0.00000000 4-A-2 78,808,000.00 2.54750% 1000.00000000 1.41527776 0.00000000 0.00000000 4-A-3 22,902,000.00 2.65750% 1000.00000000 1.47638896 0.00000000 0.00000000 4-CE 3,492,763.10 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 4-R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 4-LR 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 587,000.00 5.10349% 1000.00000000 4.25291312 0.00000000 0.00000000 1-B-2 255,000.00 5.10349% 1000.00000000 4.25290196 0.00000000 0.00000000 1-B-3 255,000.00 5.10349% 1000.00000000 4.25290196 0.00000000 0.00000000 1-B-4 281,000.00 5.10349% 1000.00000000 4.25291815 0.00000000 0.00000000 1-B-5 77,000.00 5.10349% 1000.00000000 4.25285714 0.00000000 0.00000000 1-B-6 76,631.00 5.10349% 1000.00000000 4.25284806 0.00000000 0.00000000 CB-1 6,962,000.00 5.16778% 1000.00000000 4.30648521 0.00000000 0.00000000 CB-2 1,487,000.00 5.16778% 1000.00000000 4.30648285 0.00000000 0.00000000 CB-3 946,000.00 5.16778% 1000.00000000 4.30649049 0.00000000 0.00000000 CB-4 811,000.00 5.16778% 1000.00000000 4.30648582 0.00000000 0.00000000 CB-5 608,000.00 5.16778% 1000.00000000 4.30648026 0.00000000 0.00000000 CB-6 473,625.00 5.16778% 1000.00000000 4.30648720 0.00000000 0.00000000 4-M-1 8,239,000.00 2.80750% 1000.00000000 1.55972205 0.00000000 0.00000000 4-M-2 6,004,000.00 3.30750% 1000.00000000 1.83750000 0.00000000 0.00000000 4-B-1 3,491,000.00 3.95750% 1000.00000000 2.19861071 0.00000000 0.00000000 4-B-2 1,676,000.00 3.95750% 1000.00000000 2.19860979 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 1-A-1 0.00000000 0.00000000 4.25290554 0.00000000 978.52218133 1-AR 0.00000000 0.00000000 4.20000000 0.00000000 0.00000000 1-AMR 0.00000000 0.00000000 4.40000000 0.00000000 0.00000000 1-ALR 0.00000000 0.00000000 4.40000000 0.00000000 0.00000000 2-A-1 0.00000000 0.00000000 3.71741200 0.00000000 980.22594880 2-A-2 0.00000000 0.00000000 3.75824534 0.00000000 980.22594892 2-X-1 0.00000000 0.00000000 0.52051408 0.00000000 980.22594885 3-A-1 0.00000000 0.00000000 4.33599165 0.00000000 986.47014333 4-A-1 0.00000000 0.00000000 1.40972220 0.00000000 989.62301101 4-A-2 0.00000000 0.00000000 1.41527776 0.00000000 995.15597642 4-A-3 0.00000000 0.00000000 1.47638896 0.00000000 991.49052572 4-CE 0.00000000 0.00000000 262.02426096 0.00000000 999.53731188 4-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 0.00000000 0.00000000 4.25291312 0.00000000 998.86955707 1-B-2 0.00000000 0.00000000 4.25290196 0.00000000 998.86956863 1-B-3 0.00000000 0.00000000 4.25290196 0.00000000 998.86956863 1-B-4 0.00000000 0.00000000 4.25291815 0.00000000 998.86953737 1-B-5 0.00000000 0.00000000 4.25285714 0.00000000 998.86961039 1-B-6 0.00000000 0.00000000 4.25284806 0.00000000 998.86964805 CB-1 0.00000000 0.00000000 4.30648521 0.00000000 999.70884660 CB-2 0.00000000 0.00000000 4.30648285 0.00000000 999.70885003 CB-3 0.00000000 0.00000000 4.30649049 0.00000000 999.70884778 CB-4 0.00000000 0.00000000 4.30648582 0.00000000 999.70885327 CB-5 0.00000000 0.00000000 4.30648026 0.00000000 999.70884868 CB-6 0.00000000 0.00000000 4.30648720 0.00000000 999.70884138 4-M-1 0.00000000 0.00000000 1.55972205 0.00000000 1000.00000000 4-M-2 0.00000000 0.00000000 1.83750000 0.00000000 1000.00000000 4-B-1 0.00000000 0.00000000 2.19861071 0.00000000 1000.00000000 4-B-2 0.00000000 0.00000000 2.19860979 0.00000000 1000.00000000 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 4-A-3A 2.65750% 0.00 0.00 15,172,000.00 15,014,560.32 98.96230108% 4-A-3B 2.65750% 0.00 0.00 7,730,000.00 7,692,555.70 99.51559767%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 7,423,291.08 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 8,153.85 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 7,431,444.93 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 104,892.07 Payment of Interest and Principal 7,326,552.86 Total Withdrawals (Pool Distribution Amount) 7,431,444.93 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 99,073.37 Securities Administrator Fee 5,818.70 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 104,892.07

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Group 4 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 2 0 0 0 2 1,505,000.00 0.00 0.00 0.00 1,505,000.00 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 2 0 0 0 2 1,505,000.00 0.00 0.00 0.00 1,505,000.00 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 0.117302% 0.000000% 0.000000% 0.000000% 0.117302% 0.326907% 0.000000% 0.000000% 0.000000% 0.326907% 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 0.117302% 0.000000% 0.000000% 0.000000% 0.117302% 0.326907% 0.000000% 0.000000% 0.000000% 0.326907%

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 1,505,000.00 0.00 0.00 0.00 1,505,000.00 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 2 0 0 0 2 1,505,000.00 0.00 0.00 0.00 1,505,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.380952% 0.000000% 0.000000% 0.000000% 2.380952% 3.009200% 0.000000% 0.000000% 0.000000% 3.009200% 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 2.380952% 0.000000% 0.000000% 0.000000% 2.380952% 3.009200% 0.000000% 0.000000% 0.000000% 3.009200% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4A 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4B 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8,153.85

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.713289% Weighted Average Net Coupon 5.455958% Weighted Average Pass-Through Rate 5.442889% Weighted Average Maturity(Stepdown Calculation ) 355 Beginning Scheduled Collateral Loan Count 1,723 Number Of Loans Paid In Full 18 Ending Scheduled Collateral Loan Count 1,705 Beginning Scheduled Collateral Balance 462,004,356.00 Ending Scheduled Collateral Balance 460,281,941.43 Ending Actual Collateral Balance at 30-Nov-2004 460,375,579.03 Monthly P &I Constant 2,334,140.17 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 117,873.67 Unscheduled Principal 5,097,304.87 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 1,616.06 Specified O/C Amount 3,491,147.04 Overcollateralized Amount 0.00 Overcollateralized Deficiency Amount 3,491,147.04 Base Overcollateralized Amount 0.00

Miscellaneous Reporting Group 4 Overcollateralization Amount 3,492,763.10 Group 4 Overcollateralization Release 1,616.06 Group 4 Overcollateralization Deficiency 0.00 Group 4 Target Overcollateralization 3,491,147.04 Group 4 Monthly Excess Interest Amount 913,572.52 Group 4 Monthly Excess Cashflow Amount 915,188.58 CB Crossed Loan Group Senior % 91.649412% CB Crossed Loan Group Subordinate % 8.350588%

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.370934 5.402678 5.468192 Weighted Average Net Rate 5.118488 5.122896 5.218192 Weighted Average Maturity 358 358 358 Beginning Loan Count 85 97 331 Loans Paid In Full 1 2 3 Ending Loan Count 84 95 328 Beginning Scheduled Balance 51,033,731.33 50,217,984.71 84,953,640.83 Ending scheduled Balance 49,968,704.92 49,307,591.02 83,897,232.52 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 286,106.76 229,837.90 422,731.73 Scheduled Principal 57,691.08 3,744.88 35,612.74 Unscheduled Principal 1,007,335.33 906,648.81 1,020,795.57 Scheduled Interest 228,415.68 226,093.02 387,118.99 Servicing Fees 10,736.08 11,708.43 17,698.68 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 637.92 627.72 1,061.92 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 217,041.68 213,756.87 368,358.39 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 5.103488 5.107896 5.203192

Group Level Collateral Statement Group 4A 4B Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.830365 6.055188 5.713289 Weighted Average Net Rate 5.579336 5.797732 5.455958 Weighted Average Maturity 358 358 355 Beginning Loan Count 1,022 188 1,723 Loans Paid In Full 11 1 18 Ending Loan Count 1,011 187 1,705 Beginning Scheduled Balance 185,023,413.72 94,268,349.38 465,497,119.97 Ending scheduled Balance 183,259,566.21 93,848,846.76 460,281,941.43 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 910,770.75 484,693.03 2,334,140.17 Scheduled Principal 11,809.07 9,015.90 117,873.67 Unscheduled Principal 1,752,038.44 410,486.72 5,097,304.87 Scheduled Interest 898,961.68 475,677.13 2,216,266.50 Servicing Fees 38,705.24 20,224.94 99,073.37 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 2,312.79 1,178.35 5,818.70 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 857,943.65 454,273.84 2,111,374.43 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 5.564336 5.782732 5.442889

Miscellaneous Reporting Group 1 Senior Percentage 96.998786% Subordinate Percentage 3.001214% Group 2 Senior Percentage 91.648441% Subordinate Percentage 8.351559% Group 3 Senior Percentage 91.649986% Subordinate Percentage 8.350014%

Filing Compare · Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-C