~~Index~~UNITED toSTATES ~~Exhibits~~SECURITIES ~~Sequentially~~AND ~~Exhibit~~EXCHANGE NoCOMMISSION Washington, D.C. ~~Description~~20549 ~~Numbered~~FORM ~~Page~~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 (Date of earliest event reported) Citigroup Mortgage Loan Trust Inc (as Depositor under the Pooling and Servicing Agreement, dated as May 1, 2004, providing for the issuance of Carrington Mortgage Loan Trust Series 2004-NC1 Asset Backed Pass- through Certificates, Series 2004-NC1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-107958-10 01-0791848 (Commission File Number) (I.R.S. Employer Identification No.) 390 Greenwich Street NEW YORK, NEW YORK 10013 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (212) 816-6000 (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(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] 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 8.101 ~~Pooling~~Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 9.01 Financial Statements and ~~Servicing~~Exhibits ~~Agreement,~~(c) Exhibits: Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~May~~September 127, 7 2004,. ~~among~~Signatures ~~Citigroup~~Pursuant ~~Mortgage~~to ~~Loan~~the ~~Trust~~requirements ~~Inc.~~of asthe ~~Depositor~~Securities Exchange Act of 1934, ~~New~~the ~~Century~~Registrant ~~Mortgage~~has ~~Corporation~~duly ascaused ~~Servicer~~this ~~and~~report to be signed on its behalf by the undersigned, hereunto duly authorized. Deutsche Bank National Trust Company, in its capacity as Trustee under the Pooling and Servicing Agreement on behalf of Citigroup Mortgage Loan Trust Inc., ~~relating~~Registrant Date: Sep 27, 2004 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the ~~Series~~Certificateholders ~~2004-NC1~~dated ~~Certificates~~as of September 27, 2004.


	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates


	September 27, 2004 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				12
			8.	Prepayment Report				13
			9.	Prepayment Detail Report				16
			10.	Realized Loss Report				17
			11.	Realized Loss Detail Report				20
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				21
			13.	Additional Certificate Report				22




				Total Number of Pages				22



			CONTACTS

				Administrator: Jeremy Conyers
				Direct Phone Number: (714)247-6274
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:							Cut-Off Date: May 1, 2004
	Certificate Insurer(s):							Closing Date: May 20, 2004
								First Payment Date: June 25, 2004
	Servicer(s):		New Century Mortgage Corporation Master Servicer


								Distribution Date: September 27, 2004
	Underwriter(s):		Citigroup					Record Date: September 24, 2004
								August 31, 2004






						Page 1 of 22					© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	REMIC II SERIES 2004-NC1
	Certificate Payment Report for September 27, 2004 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

A-1	STEP, FLT	100,000,000.00			94,879,966.39	167,423.61	2,819,036.21	2,986,459.82	-	-	92,060,930.17
A-2A	FLT,STEP	66,410,000.00			57,838,398.13	91,456.97	4,719,433.10	4,810,890.07	-	-	53,118,965.03
A-2B	FLT,STEP	85,320,000.00			85,320,000.00	145,079.55	-	145,079.55	-	-	85,320,000.00
A-2C	FLT,STEP	15,683,000.00			15,683,000.00	30,692.94	-	30,692.94	-	-	15,683,000.00
M-1	MEZ,FLT,STE	22,734,000.00			22,734,000.00	46,159.49	-	46,159.49	-	-	22,734,000.00
M-2	MEZ,FLT,STE	17,681,000.00			17,681,000.00	48,055.48	-	48,055.48	-	-	17,681,000.00
M-3	MEZ,FLT,STE	5,894,000.00			5,894,000.00	17,099.97	-	17,099.97	-	-	5,894,000.00
M-4	MEZ,FLT,STE	5,052,000.00			5,052,000.00	17,667.27	-	17,667.27	-	-	5,052,000.00
M-5	MEZ,FLT,STE	4,210,000.00			4,210,000.00	15,880.47	-	15,880.47	-	-	4,210,000.00
M-6	MEZ,FLT,STE	3,536,000.00			3,536,000.00	15,769.09	-	15,769.09	-	-	3,536,000.00
CE	SUB	10,272,718.26			10,272,180.96	1,156,225.12	-	1,156,225.12	-	-	10,272,180.96
P	SUB	100.00			100.00	134,143.00	-	134,143.00	-	-	100.00
R	R	-			-	-	-	-	-	-	-


Total		336,792,818.26			323,100,645.47	1,885,652.96	7,538,469.31	9,424,122.27	-	-	315,562,176.16


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	08/25/04	09/26/04		A-Act/360	144531AA8	100,000,000.00	948.799664	1.674236	28.190362	29.864598	920.609302
A-2A	08/25/04	09/26/04		A-Act/360	144531AB6	66,410,000.00	870.929049	1.377157	71.065097	72.442254	799.863952
A-2B	08/25/04	09/26/04		A-Act/360	144531AC4	85,320,000.00	1,000.000000	1.700417	-	1.700417	1,000.000000
A-2C	08/25/04	09/26/04		A-Act/360	144531AD2	15,683,000.00	1,000.000000	1.957083	-	1.957083	1,000.000000
M-1	08/25/04	09/26/04		A-Act/360	144531AE0	22,734,000.00	1,000.000000	2.030417	-	2.030417	1,000.000000
M-2	08/25/04	09/26/04		A-Act/360	144531AF7	17,681,000.00	1,000.000000	2.717916	-	2.717916	1,000.000000
M-3	08/25/04	09/26/04		A-Act/360	144531AG5	5,894,000.00	1,000.000000	2.901250	-	2.901250	1,000.000000
M-4	08/25/04	09/26/04		A-Act/360	144531AH3	5,052,000.00	1,000.000000	3.497084	-	3.497084	1,000.000000
M-5	08/25/04	09/26/04		A-Act/360	144531AJ9	4,210,000.00	1,000.000000	3.772083	-	3.772083	1,000.000000
M-6	08/25/04	09/26/04		A-Act/360	144531AK6	3,536,000.00	1,000.000000	4.459584	-	4.459584	1,000.000000
CE	08/01/04	08/31/04		A-30/360		347,065,536.52	960.547192	3.331432	-	3.331432	938.826599
P				-		100.00	1,000.000000	1,341,430.000000	-	1,341,430.000000	1,000.000000
R				-		-	-	-	-	-	-


							Page 2 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	REMIC II SERIES 2004-NC1
	Certificate Payment Report for September 27, 2004 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

A-1	100,000,000.00		587,971.43		7,489,465.48	449,604.35	7,939,069.83	8,527,041.26	-	-	92,060,930.17
A-2A	66,410,000.00		330,264.45		12,538,338.84	752,696.13	13,291,034.97	13,621,299.42	-	-	53,118,965.03
A-2B	85,320,000.00		492,711.15		-	-	-	492,711.15	-	-	85,320,000.00
A-2C	15,683,000.00		106,424.41		-	-	-	106,424.41	-	-	15,683,000.00
M-1	22,734,000.00		160,839.89		0.00	-	-	160,839.89	-	-	22,734,000.00
M-2	17,681,000.00		172,976.66		-	-	-	172,976.66	-	-	17,681,000.00
M-3	5,894,000.00		61,918.93		-	-	-	61,918.93	-	-	5,894,000.00
M-4	5,052,000.00		64,931.54		-	-	-	64,931.54	-	-	5,052,000.00
M-5	4,210,000.00		58,670.45		-	-	-	58,670.45	-	-	4,210,000.00
M-6	3,536,000.00		58,854.26		-	-	-	58,854.26	-	-	3,536,000.00
CE	10,272,718.26		5,077,820.14		486.24	51.07	537.31	5,078,357.44	-	-	10,272,180.96
P	100.00		314,963.45		-	-	-	314,963.45	-	-	100.00
R	-		-		-	-	-	-	-	-	-


Total	336,792,818.26		7,488,346.76		20,028,290.56	1,202,351.54	21,230,642.10	28,718,988.86	-	-	315,562,176.16


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

A-1	1.92500%	94,879,966.39			167,423.61	-	-	-	167,423.61	167,423.61	-
A-2A	1.72500%	57,838,398.13			91,456.97	-	-	-	91,456.97	91,456.97	-
A-2B	1.85500%	85,320,000.00			145,079.55	-	-	-	145,079.55	145,079.55	-
A-2C	2.13500%	15,683,000.00			30,692.94	-	-	-	30,692.94	30,692.94	-
M-1	2.21500%	22,734,000.00			46,159.49	-	-	-	46,159.49	46,159.49	-
M-2	2.96500%	17,681,000.00			48,055.48	-	-	-	48,055.48	48,055.48	-
M-3	3.16500%	5,894,000.00			17,099.97	-	-	-	17,099.97	17,099.97	-
M-4	3.81500%	5,052,000.00			17,667.27	-	-	-	17,667.27	17,667.27	-
M-5	4.11500%	4,210,000.00			15,880.47	246.42	-	-	15,880.47	15,880.47	-
M-6	4.86500%	3,536,000.00			15,769.09	-	-	-	15,769.09	15,769.09	-
CE	4.29515%	333,372,826.44			1,156,225.13	-	-	-	1,156,471.54	1,156,225.12	0.00
P		100.00			-	246.42	-	-	-	134,143.00	-
R		-			-	-	-	-	-	-	-


Total		646,201,290.95			1,751,509.97	492.84	-	-	1,751,756.38	1,885,652.96	0.00


							Page 3 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Collection Account Report for September 27, 2004 Distribution


	Collection Account Report


SUMMARY								TOTAL

	Principal Collections							7,538,469.31
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL							7,538,469.31

	Interest Collections							1,776,604.31
	Interest Withdrawals							0.00
	Interest Other Accounts							134,143.00
	Interest Fees							(25,094.35)
	TOTAL NET INTEREST							1,885,652.96

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							9,424,122.27


PRINCIPAL - COLLECTIONS								TOTAL

	Scheduled Principal Received							296,181.03
	Curtailments							13,875.60
	Prepayments in Full							7,228,412.68
	Repurchses/Substitutions							0.00
	Liquidations							0.00
	Insurance Principal							0.00
	Other Additional Principal							0.00
	Delinquent Interest							(251,903.37)
	Realized Losses							0.00
	Loss Recoveries							0.00
	Substitution Shortfalls							0.00
	Loan Adjustments							0.00
	Advanced Principal							251,903.37
	TOTAL PRINCIPAL COLLECTED							7,538,469.31


				Page 4 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Collection Account Report for September 27, 2004 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - COLLECTIONS								TOTAL

	Scheduled Interest							1,888,697.20
	Repurchased Interest							0.00
	Liquidation Interest							0.00
	Insurance Interest							0.00
	Other Interest							0.00
	Net Prepayment Interest Shortfalls							(26,860.21)

	Delinquent Interest							(1,573,835.29)

	Realized Losses							0.00
	Compensating Interest							26,860.21
	Subsistution Shortfalls							0.00
	Civil Relief Act Shortfalls							(246.42)
	Loss Recoveries							0.00
	Loan Adjustments							0.00
	Interest Advanced							1,461,988.82


	TOTAL INTEREST COLLECTED							1,776,604.31


				Page 5 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Collection Account Report for September 27, 2004 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - OTHER ACCOUNTS								TOTAL

	Prepayment Charges							134,143.00
	Available Funds Cap Account Distributions							0.00
	Available Fund Cap Account Interest Earnings							0.00

	TOTAL INTEREST OTHER ACCOUNTS							134,143.00


INTEREST - FEES								TOTAL

	Current Servicing Fees							22,778.80
	Trustee Fee							2,315.55
	Extraordinary Trust Fund Expenses							0.00

	TOTAL INTEREST OTHER FEES							25,094.35


				Page 6 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Credit Enhancement Report for September 27, 2004 Distribution


	Credit Enhancement Report


ACCOUNTS								TOTAL

	Original Available Funds Cap Reserve Account Balance							0.00

	Beginning Available Funds Cap Reserve Account Balance							0.00
	Deposits to the Available Funds Cap Reserve Account							0.00
	Available Funds Cap Account Interest Earnings							0.00
	Amounts Withdrawn to Pay Net WAC Carryover							0.00
	Interest Earnings Paid to Class CE							0.00
	Ending Available Funds Cap Reserve Account Balance							0.00


INSURANCE								TOTAL

	PMI and TAX PREMIUM							0.00


STRUCTURAL FEATURES								TOTAL

	Overcollateralized Amount							10,272,180.96

	Overcollateralization Target Amount							10,272,180.96

	Overcollateralization Increase Amount							0.00

	Overcollateralization Reduction Amount							0.00

	Credit Enhancement Percentage							21.985899%


				Page 7 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Collateral Report for September 27, 2004 Distribution


	Collateral Report


COLLATERAL								TOTAL
	Loan Count:
	*Original*							2134
	Prior							2,072
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(38)
	Repurchases							-
	Liquidations							-
	Current							2,034

	*Principal Balance:*
	Original							336,792,818.26
	Prior							323,100,645.47
	Prefunding							-
	Scheduled Principal							(296,181.03)
	Partial and Full Voluntary Prepayments							(7,242,288.28)
	Repurchases							-
	Liquidations							-
	Current							315,562,176.16

PREFUNDING								TOTAL
SPACE INTENTIONALLY LEFT BLANK




Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Collateral Report for September 27, 2004 Distribution


	Collateral Report


CHARACTERISTICS								TOTAL

	Weighted Average Coupon Original							7.018542%
	Weighted Average Coupon Prior							7.014482%
	Weighted Average Coupon Current							7.014646%
	Weighted Average Months to Maturity Original							348
	Weighted Average Months to Maturity Prior							346
	Weighted Average Months to Maturity Current							345
	Weighted Avg Remaining Amortization Term Original							348
	Weighted Avg Remaining Amortization Term Prior							346
	Weighted Avg Remaining Amortization Term Current							345
	Weighted Average Seasoning Original							2.95
	Weighted Average Seasoning Prior							4.95
	Weighted Average Seasoning Current							5.94

Note: Original information refers to deal issue.




WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Collateral Report for September 27, 2004 Distribution


	Collateral Report


ARM CHARACTERISTICS								TOTAL

	Weighted Average Margin Original							4.034%
	Weighted Average Margin Prior							4.036%
	Weighted Average Margin Current							4.018%
	Weighted Average Max Rate Original							12.129%
	Weighted Average Max Rate Prior							12.128%
	Weighted Average Max Rate Current							12.107%
	Weighted Average Min Rate Original							6.096%
	Weighted Average Min Rate Prior							6.093%
	Weighted Average Min Rate Current							6.097%
	Weighted Average Cap Up Original							1.095%
	Weighted Average Cap Up Prior							1.096%
	Weighted Average Cap Up Current							1.091%
	Weighted Average Cap Down Original							1.095%
	Weighted Average Cap Down Prior							1.096%
	Weighted Average Cap Down Current							1.091%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES								TOTAL

	Current Servicing Fees							22,778.80
	Delinquent Servicing Fees							111,846.47
	TOTAL SERVICING FEES							134,625.27

	Total Servicing Fees							246,471.74
	Delinquent Servicing Fees							(111,846.47)
	Compensating Interest							26,860.21
	COLLECTED SERVICING FEES							161,485.48


ADDITIONAL COLLATERAL INFORMATION								TOTAL

	Prepayment Interest Shortfall							(26,860.21)
	Compensating Interest							26,860.21
	NET PREPAYMENT INTERET SHORTFALLS							0.00

	Principal Advances							251,903.37
	Interest Advances							1,461,988.82
	TOTAL ADVANCES							1,713,892.19


				Page 10 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Delinquency Report for September 27, 2004 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			3,576,445.09	634,502.99	-	4,210,948.08
		% Balance			1.13%	0.20%	0.00%	1.33%
		# Loans			21	7	-	28
		% # Loans			1.03%	0.34%	0.00%	1.38%
FORECLOSURE		Balance		-	-	1,895,620.79	204,113.78	2,099,734.57
		% Balance		0.00%	0.00%	0.60%	0.06%	0.67%
		# Loans		-	-	15	1	16
		% # Loans		0.00%	0.00%	0.74%	0.05%	0.79%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	3,576,445.09	2,530,123.78	204,113.78	6,310,682.65
		% Balance		0.00%	1.13%	0.80%	0.06%	2.00%
		# Loans		-	21	22	1	44
		% # Loans		0.00%	1.03%	1.08%	0.05%	2.16%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 11 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	REO Report for September 27, 2004 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Group 1; REO Book Value = 000.00
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 12 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Prepayment Report for September 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS								TOTAL

	*Current*
	Number of Paid in Full Loans							38
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							38

	Paid in Full Balance							7,228,412.68
	Repurchased Loans Balance							-
	Curtailments Amount							13,875.60
	Total Prepayment Amount							7,242,288.28

	*Cumulative*
	Number of Paid in Full Loans							100
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							100

	Paid in Full Balance							19,950,677.03
	Repurchased Loans Balance							-
	Curtailments Amount							77,613.53
	Total Prepayment Amount							20,028,290.56

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 13 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Prepayment Report for September 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES								TOTAL

	SMM							2.24%
	3 Months Avg SMM							1.75%
	12 Months Avg SMM
	Avg SMM Since Cut-off							1.53%

	CPR							23.84%
	3 Months Avg CPR							19.05%
	12 Months Avg CPR
	Avg CPR Since Cut-off							16.84%

	PSA							2005.37%
	3 Months Avg PSA Approximation							1925.44%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							1893.38%







CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 14 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Prepayment Report for September 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments




CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 15 of 22				© COPYRIGHT 2004 Deutsche Bank


	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 38						Loan Group 1 = Group 1
Total Original Principal Balance = 7,260,060.00
Total Prepayment Amount = 7,228,412.68


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

1181287 1			449,100.00	447,201.01	Aug-05-04	6.900%	CA - 90.00%	Paid Off - 360	Feb-10-04
1290202 1			421,000.00	418,392.87	Aug-06-04	5.875%	CA - 54.68%	Paid Off - 360	Jan-13-04
1292257 1			284,000.00	282,569.41	Aug-23-04	7.750%	NY - 67.62%	Paid Off - 360	Jan-12-04
1294904 1			53,150.00	52,233.02	Aug-05-04	8.250%	GA - 48.32%	Paid Off - 180	Jan-28-04
1295007 1			316,000.00	314,493.23	Aug-26-04	6.650%	CA - 80.00%	Paid Off - 360	Feb-18-04
1295048 1			184,500.00	183,384.05	Aug-12-04	6.000%	CA - 87.03%	Paid Off - 360	Jan-30-04
1313799 1			157,500.00	156,794.60	Aug-02-04	7.550%	CA - 75.00%	Paid Off - 360	Jan-13-04
1316965 1			138,600.00	137,960.57	Aug-30-04	7.400%	CA - 77.00%	Paid Off - 360	Jan-30-04
1319074 1			22,800.00	22,609.58	Aug-23-04	9.730%	MN - 20.00%	Paid Off - 240	Jan-21-04
1320077 1			209,250.00	208,174.80	Aug-02-04	6.850%	CA - 90.00%	Paid Off - 360	Feb-18-04
1321162 1			48,400.00	48,019.33	Aug-18-04	10.200%	CA - 20.00%	Paid Off - 240	Jan-29-04
1322186 1			279,000.00	277,897.85	Aug-03-04	7.250%	MA - 90.00%	Paid Off - 360	Feb-18-04
1326282 1			325,000.00	323,900.55	Aug-25-04	8.025%	AZ - 69.89%	Paid Off - 360	Feb-09-04
1341703 1			110,400.00	110,046.69	Aug-27-04	8.300%	MI - 80.00%	Paid Off - 360	Mar-03-04
1344922 1			123,250.00	122,684.10	Aug-04-04	6.475%	MI - 85.00%	Paid Off - 360	Mar-04-04
1351783 1			331,500.00	330,451.00	Aug-24-04	7.225%	MD - 85.00%	Paid Off - 360	Mar-04-04
1353190 1			195,000.00	194,125.98	Aug-18-04	6.600%	CA - 73.58%	Paid Off - 360	Mar-02-04
1353553 1			237,500.00	236,338.89	Aug-27-04	6.500%	CO - 59.38%	Paid Off - 360	Mar-02-04
1354672 1			206,000.00	205,021.88	Aug-02-04	6.300%	CA - 50.86%	Paid Off - 360	Mar-04-04
1355576 1			280,000.00	279,144.11	Aug-16-04	7.400%	IL - 80.00%	Paid Off - 360	Mar-01-04
1356147 1			151,200.00	150,387.94	Aug-02-04	5.650%	CA - 72.00%	Paid Off - 360	Feb-12-04
1357833 1			180,000.00	179,471.45	Aug-02-04	8.750%	MA - 51.43%	Paid Off - 360	Feb-18-04
1359250 1			301,750.00	300,486.48	Aug-25-04	6.950%	CA - 85.00%	Paid Off - 360	Mar-04-04
1359879 1			33,800.00	33,543.12	Aug-05-04	9.000%	CA - 20.00%	Paid Off - 240	Feb-19-04
1364741 1			308,750.00	307,710.79	Aug-04-04	8.050%	MD - 95.00%	Paid Off - 360	Mar-03-04
1370227 1			241,410.00	240,565.37	Aug-02-04	6.800%	NY - 65.25%	Paid Off - 360	Mar-04-04
1371085 1			372,000.00	371,163.33	Aug-03-04	10.000%	CA - 80.00%	Paid Off - 360	Mar-04-04
1377369 1			42,000.00	41,704.04	Aug-20-04	9.600%	CA - 20.00%	Paid Off - 240	Mar-03-04
1379282 1			229,500.00	228,383.92	Aug-23-04	6.175%	VA - 85.00%	Paid Off - 360	Feb-27-04
1379286 1			32,500.00	32,274.36	Aug-23-04	10.300%	VA - 12.04%	Paid Off - 240	Mar-01-04
1383761 1			58,800.00	58,426.02	Aug-25-04	10.400%	CA - 20.00%	Paid Off - 240	Feb-27-04
1386292 1			67,950.00	67,690.08	Aug-26-04	6.250%	CA - 90.00%	Paid Off - 360	Mar-04-04
1386937 1			69,000.00	68,826.96	Aug-11-04	10.450%	CA - 20.00%	Paid Off - 360	Feb-26-04
1396780 1			220,000.00	219,265.15	Aug-04-04	6.950%	CA - 80.00%	Paid Off - 360	Mar-02-04
1398150 1			176,000.00	175,498.27	Aug-10-04	7.750%	CA - 80.00%	Paid Off - 360	Mar-04-04
1400842 1			65,450.00	65,222.93	Aug-12-04	7.900%	LA - 85.00%	Paid Off - 360	Mar-02-04
1401263 1			288,000.00	286,473.93	Aug-11-04	7.150%	CA - 90.00%	Paid Off - 360	Mar-03-04
1413175 1			50,000.00	49,875.02	Aug-13-04	8.400%	OH - 63.29%	Paid Off - 360	Mar-04-04


					Page 16 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Realized Loss Report for September 27, 2004 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES								TOTAL

	*Current*
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-

	*Cumulative*
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-

	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.


	Current Realized Losses							0.00
	Current Supplemental Losses (Recoveries)							0.00
	CURRENT NET REALIZED LOSSES							0.00

	Beginning Cumulative Realized Losses							0.00
	Current Net Realized Losses							0.00
	Ending Cumulative Realized Losses							0.00

	Current Bankruptcy Losses (Recoveries)							0.00
	Cumulative Bankruptcy Losses							0.00


							3 Months Moving Average


Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 17 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Realized Loss Report for September 27, 2004 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS								TOTAL

	MDR							0.00%
	3 Months Avg MDR							0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%

	CDR							0.00%
	3 Months Avg CDR							0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.00%

	SDA							0.00%
	3 Months Avg SDA Approximation							0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							0.00%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off



CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 18 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Realized Loss Report for September 27, 2004 Distribution


	Realized Loss Report - Collateral




CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 19 of 22				© COPYRIGHT 2004 Deutsche Bank


	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Realized Loss Detail Report for September 27, 2004 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution

SUMMARY							LOAN GROUP
Total Loan Count Current Losses = 0
Total Loan Count Revisions = 0						Loan Group 1 = Group 1
Total Prior Principal Balance = 0.00
Total Current Realized Loss Amount = 0.00
Total Revisions Amount = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.

Loan Number			Current	State &		Prior	Realized		Cumulative
&		Loan	Note	LTV at	Original	Principal	Loss/(Gain)	Realized	Realized
Loan Group		Status	Rate	Origination	Term	Balance	Revisions	Loss/(Gain)	Loss/(Gain)
SPACE INTENTIONALLY LEFT BLANK


					Page 20 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 27, 2004 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS								TOTAL

	Has a Stepdown Date occurred?							No

	Is there a Trigger Event in effect?							No

	Has the Optional Termination Event been reached?							No



	Is Overcollateralization Step-Up Trigger in Effect?							No


ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK


				Page 21 of 22				© COPYRIGHT 2004 Deutsche Bank
	Carrington Mortgage Loan Trust 2004-NC1
	Asset Backed Pass-Through Certificates
	SERIES 2004-NC1
	Additional Certificate Report for September 27, 2004 Distribution


	Additional Certificate Report


	CLASS		Net WAC Rate Carryover Due	Net WAC Rate Carryover Paid	Interest Carryforward Amount Due	Interest Carryforward Amount Paid	Net PPIS & Relief Act Shortfall Allocation Due	Net PPIS & Relief Act Shortfall Allocation Paid

	A-1		0.00	0.00	0.00	0.00	0.00	0.00
	A-2A		0.00	0.00	0.00	0.00	0.00	0.00
	A-2B		0.00	0.00	0.00	0.00	0.00	0.00
	A-2C		0.00	0.00	0.00	0.00	0.00	0.00
	M-1		0.00	0.00	0.00	0.00	0.00	0.00
	M-2		0.00	0.00	0.00	0.00	0.00	0.00
	M-3		0.00	0.00	0.00	0.00	0.00	0.00
	M-4		0.00	0.00	0.00	0.00	0.00	0.00
	M-5		0.00	0.00	0.00	0.00	0.00	0.00
	M-6		0.00	0.00	0.00	0.00	0.00	0.00
	CE		0.00	0.00	0.00	0.00	246.42	0.00


				Page 22 of 22				© COPYRIGHT 2004 Deutsche Bank

Filing Compare · CARRINGTON MORTGAGE LOAN TRUST, SERIES 2004-NC1