8-K 1 eight-k.txt 8-K 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 - December 27, 2004 ---------------------------------- (Date of Earliest Event Reported) POPULAR ABS, INC. -------------------------------------------------------------------------------- (as depositor under a certain Pooling and Servicing Agreement dated as of August 31, 2004, providing for the issuance of Mortgage Pass-Through Certificates, Series 2004-4) (Exact Name of Registrant as specified in its charter) Delaware 333-115371-01 52-2029487 ------------------------ --------------------- ----------------------- (State of Incorporation) (Commission File No.) (IRS Employer I.D. No.) 103 Springer Building, 3411 Silverside Road, Wilmington, Delaware 19803 ----------------------------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (302) 478-6160 Item 8.01. Other Events. ------------------------------ Attached hereto as Annex A is a copy of the Statement to Certificateholders sent to Class AF-1, AF-2, AF-3, AF-4, AF-5, AF-6, AV-1, M-1, M-2, M-3, M-4, B-1 and B-2 Certificateholders with respect to the December 27, 2004 Distribution Date. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. POPULAR ABS, INC. By: /s/ James H. Jenkins ----------------------------- James H. Jenkins, Executive Vice President and CFO Dated: January 5, 2005 3 Page 1 of 7

Page 2 of 7 -------------------------------------------------------------------------------- EQUITY ONE MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2004-4 DECEMBER 27, 2004 -------------------------------------------------------------------------------- Sec. 4.03(a)(i) Funds Allocable to Certificate Principal Group I Scheduled Principal 571,675.14 Group I Curtailments 39,569.51 Group I Prepayments 3,996,893.68 Group I Repurchases 0.00 Group I Liquidation Proceeds 0.00 Group II Scheduled Principal 163,006.36 Group II Curtailments 11,062.63 Group II Prepayments 4,484,203.22 Group II Repurchases 0.00 Group II Liquidation Proceeds 0.00 Extra Principal Distribution Amount 1,597,732.98 Sec. 4.03 (a)(ii) Interest Distribution Amounts Interest Distribution - AF-1 399,954.85 Unpaid Interest - AF-1 0.00 Remaining Unpaid Interest - AF-1 0.00 Interest Distribution - AF-2 140,367.13 Unpaid Interest - AF-2 0.00 Remaining Unpaid Interest - AF-2 0.00 Interest Distribution - AF-3 57,511.08 Unpaid Interest - AF-3 0.00 Remaining Unpaid Interest - AF-3 0.00 Interest Distribution - AF-4 236,351.26 Unpaid Interest - AF-4 0.00 Remaining Unpaid Interest - AF-4 0.00 Interest Distribution - AF-5 166,962.96 Unpaid Interest - AF-5 0.00 Remaining Unpaid Interest - AF-5 0.00 Interest Distribution - AF-6 96,799.72 Unpaid Interest - AF-6 0.00 Remaining Unpaid Interest - AF-6 0.00 Interest Distribution - AV-1 391,671.73 Unpaid Interest - AV-1 0.00 Remaining Unpaid Interest - AV-1 0.00 Interest Distribution - M-1 185,627.99 Unpaid Interest - M-1 0.00 Remaining Unpaid Interest - M-1 0.00 [Graphic Appears Here] JPMorgan COPYRIGHT (C) 2001 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- Page 3 of 7 -------------------------------------------------------------------------------- EQUITY ONE MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2004-4 DECEMBER 27, 2004 -------------------------------------------------------------------------------- Interest Distribution - M-2 159,382.29 Unpaid Interest - M-2 0.00 Remaining Unpaid Interest - M-2 0.00 Interest Distribution - M-3 41,319.54 Unpaid Interest - M-3 0.00 Remaining Unpaid Interest - M-3 0.00 Interest Distribution - M-4 34,195.49 Unpaid Interest - M-4 0.00 Remaining Unpaid Interest - M-4 0.00 Interest Distribution - B-1 24,676.65 Unpaid Interest - B-1 0.00 Remaining Unpaid Interest - B-1 0.00 Interest Distribution - B-2 28,698.20 Unpaid Interest - B-2 0.00 Remaining Unpaid Interest - B-2 0.00 Interest Distribution - B-3 35,215.26 Unpaid Interest - B-3 0.00 Remaining Unpaid Interest - B-3 0.00 Interest Distribution - B-4 35,215.26 Unpaid Interest - B-4 0.00 Remaining Unpaid Interest - B-4 0.00 Interest Reductions Net Prepayment Interest Shortfalls 0.00 Relief Act Reductions 299.74 Class AF-1 Interest Reduction 52.80 Class AF-2 Interest Reduction 18.53 Class AF-3 Interest Reduction 7.59 Class AF-5 Interest Reduction 22.04 Class AF-4 Interest Reduction 62.41 Class AF-6 Interest Reduction 12.78 Class AV-1 Interest Reduction 51.71 Class M-1 Interest Reduction 24.51 Class M-2 Interest Reduction 21.04 Class M-3 Interest Reduction 5.46 Class M-4 Interest Reduction 4.51 Class B-1 Interest Reduction 3.26 Class B-2 Interest Reduction 3.79 Class B-3 Interest Reduction 4.65 Class B-4 Interest Reduction 4.65 [Graphic Appears Here] JPMorgan COPYRIGHT (C) 2001 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- Page 4 of 7

Page 5 of 7 -------------------------------------------------------------------------------- EQUITY ONE MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2004-4 DECEMBER 27, 2004 -------------------------------------------------------------------------------- Section 4.03(a)(ix) A Group I and Group II Loans Delinquent ------------------------------------------------------- Group 1 ------------------------------------------------------- Period Number Principal Balance Percentage ------------------------------------------------------- 0-30 days 177 26,227,776.40 5.01% ------------------------------------------------------- 31-60 days 21 2,507,558.86 0.48% ------------------------------------------------------- 61-90 days 4 671,175.26 0.13% ------------------------------------------------------- 91+days 1 66,442.56 0.01% ------------------------------------------------------- Total 203 29,472,953.08 5.63% ------------------------------------------------------- ------------------------------------------------------- Group 2 ------------------------------------------------------- Period Number Principal Balance Percentage ------------------------------------------------------- 0-30 days 81 13,357,611.86 7.54% ------------------------------------------------------- 31-60 days 10 1,327,343.16 0.75% ------------------------------------------------------- 61-90 days 1 112,595.51 0.06% ------------------------------------------------------- 91+days 0 0.00 0.00% ------------------------------------------------------- Total 92 14,797,550.53 8.35% ------------------------------------------------------- Sec. 4.03 (a)(ix) B Group I and Group II Loans in Foreclosure ------------------------------------------------------- Group 1 ------------------------------------------------------- Number Principal Balance Percentage ------------------------------------------------------- 4 653,422.62 0.12% ------------------------------------------------------- ------------------------------------------------------- Group 2 ------------------------------------------------------- Number Principal Balance Percentage 1 198,835.26 0.11% ------------------------------------------------------- Sec. 4.03(a)(x),(xi) Group I and Group II Loans in REO ------------------------------------------------------- Group 1 ------------------------------------------------------- Number Principal Balance Percentage ------------------------------------------------------- 0 0.00 0.00% ------------------------------------------------------- Group 2 ------------------------------------------------------- Number Principal Balance Percentage 0 0.00 0.00% ------------------------------------------------------- [Graphic Appears Here] JPMorgan COPYRIGHT (C) 2001 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- Page 6 of 7

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Popular ABS Inc Mortgage Pass-Through Certificates Series 2004-4 8-K