
                                       UNITED STATES
                           SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C.  20549


                                        FORM 8-K


                     Current Report Pursuant To Section 13 or 15(d) of
                            the Securities Exchange Act of 1934

           Date of Report (Date of earliest event reported):  December 27, 2004
                          (Date of earliest event reported)

            Indymac MBS Inc (as Depositor under the Pooling and Servicing
                Agreement, dated as August 1, 2004, providing for the
        issuance of Residential Asset Securitization Trust Series 2004-A7
                Mortgage Pass-Through Certificates, Series 2004-G)
                 (Exact name of registrant as specified in charter)


                                          DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-116470-07                         95-4791925
          (Commission File Number)        (I.R.S. Employer Identification No.)


          155 NORTH LAKE AVENUE
          PASADENA, CALIFORNIA                         91101
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (800) 669-2300


       (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 8.01  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 Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     December 27, 2004.

                                    Signatures

               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.


                                  Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Indymac MBS Inc, Registrant


          Date:  Dec 28, 2004               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of December 27, 2004.



IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution

				External Parties					Table of Contents

												Page
				Seller								Page
				Seller					1. Certificate Payment Report					2
				IndyMac Bank					1. Certificate Payment Report					2
				IndyMac Bank					2. Collection Account Report					4
									2. Collection Account Report					4
									3. Credit Enhancement Report					6
									4. Collateral Report					7
				Certificate Insurer(s)					5. Delinquency Report					10
				Certificate Insurer(s)					5. Delinquency Report					10
									6. REO Report					11

									7. Foreclosure Report					12
									8. Prepayment Report					13
									9. Prepayment Detail Report					16
									9. Prepayment Detail Report					16
									10. Realized Loss Report					17
									11. Realized Loss Detail Report					20
				Servicer(s)					11. Realized Loss Detail Report					20
				Servicer(s)					12. Triggers and Adj. Cert. Report					21
									12. Triggers and Adj. Cert. Report					21
									13. Other Related Information					22


				Underwriter(s)
				Bear, Stearns & Co. Inc


									Total Number of Pages					22
									Total Number of Pages

				Dates					Contacts

				Cut-Off Date:		August 01, 2004			Brent Hoyler
				Close Date:		August 30, 2004			Administrator
				First Distribution Date:		September 27, 2004			(714) 247-6322
									Brent.Hoyler@db.com
									Brent.Hoyler@db.com
									Address:
									1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:		December 27, 2004
									Factor Information:			(800) 735-7777
				Record Date:		November 30, 2004			Factor Information:			(800) 735-7777
									Main Phone Number:			(714) 247-6000
									Main Phone Number:			(714) 247-6000

									https://www.tss.db.com/invr






Page 1 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior											Current
	Class		Original		Principal					Total		Realized		Deferred		Principal
	Class		Original		Principal					Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance	Interest		Principal		Distribution		Loss		Interest		Balance


					(1)	(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1	SR	$	152,593,000.00		140,390,424.08	643,456.11		6,678,422.47		7,321,878.58		0.00		0.00		133,712,001.61
A-1	SR	$	152,593,000.00		140,390,424.08	643,456.11		6,678,422.47		7,321,878.58		0.00		0.00		133,712,001.61
A-2	SR	$	7,262,600.00		7,262,600.00	33,286.92		0.00		33,286.92		0.00		0.00		7,262,600.00
A-3	SR	$	44,404,400.00		41,353,756.01	90,633.65		1,669,605.62		1,760,239.27		0.00		0.00		39,684,150.39
A-4	SR/NTL	$	0.00		0.00	181,611.91		0.00		181,611.91		0.00		0.00		0.00
A-5	SR/NTL	$	0.00		0.00	3,446.15		0.00		3,446.15		0.00		0.00		0.00
A-6	SR	$	17,762,000.00		17,762,000.00	81,409.17		0.00		81,409.17		0.00		0.00		17,762,000.00
PO	SR/PO	$	2,548,240.00		2,534,804.50	0.00		18,572.09		18,572.09		0.00		0.00		2,516,232.41
A-X	SR/NTL	$	0.00		0.00	56,255.20		0.00		56,255.20		0.00		0.00		0.00
A-R	SR/RES	$	100.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00
B-1	SUB	$	5,879,000.00		5,864,113.32	29,320.57		4,904.89		34,225.46		0.00		0.00		5,859,208.43
B-2	SUB	$	1,646,000.00		1,641,832.03	8,209.16		1,373.27		9,582.43		0.00		0.00		1,640,458.76
B-3	SUB	$	941,000.00		938,617.22	4,693.09		785.08		5,478.17		0.00		0.00		937,832.14
B-4	SUB	$	940,000.00		937,619.76	4,688.10		784.25		5,472.35		0.00		0.00		936,835.51
B-5	SUB	$	353,000.00		352,106.14	1,760.53		294.51		2,055.04		0.00		0.00		351,811.63
B-6	SUB	$	824,262.00		822,174.85	4,110.87		687.67		4,798.54		0.00		0.00		821,487.18
P	SR	$	100.00		100.00	0.00		0.00		0.00		0.00		0.00		100.00


Total			235,153,702.00		219,860,147.91	1,142,881.43		8,375,429.85		9,518,311.28		0.00		0.00		211,484,718.06
Total




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

								(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	11/01/04		11/30/04		F-30/360	45660NU86		152,593,000.00		920.031876		4.216813		43.766244		47.983057	876.265632
A-2	11/01/04		11/30/04		F-30/360	45660NU94		7,262,600.00		1,000.000000		4.583334		0.000000		4.583334	1,000.000000
A-3	11/01/04		11/30/04		F-30/360	45660NV28		44,404,400.00		931.298610		2.041096		37.600004		39.641100	893.698606
A-4	11/25/04		12/24/04		A-30/360	45660NV36		44,404,400.00		931.298610		4.089953		0.000000		4.089953	893.698606
A-5	11/25/04		12/24/04		A-30/360	45660NV44		4,440,440.00		931.298610		0.776083		0.000000		0.776083	893.698606
A-6	11/25/04		12/24/04		F-30/360	45660NV51		17,762,000.00		1,000.000000		4.583334		0.000000		4.583334	1,000.000000
PO	11/01/04		11/30/04		F-30/360	45660NV69		2,548,240.00		994.727537		0.000000		7.288203		7.288203	987.439335
A-X	11/01/04		11/30/04		A-30/360	45660NV77		168,588,334.00		921.184594		0.333684		0.000000		0.333684	874.043017
A-R	11/01/04		11/30/04		F-30/360	45660NV85		100.00		0.000000		0.000000		0.000000		0.000000	0.000000
B-1	11/01/04		11/30/04		F-30/360	45660NV93		5,879,000.00		997.467821		4.987340		0.834307		5.821647	996.633514
B-2	11/01/04		11/30/04		F-30/360	45660NW27		1,646,000.00		997.467819		4.987339		0.834307		5.821646	996.633512
B-3	11/01/04		11/30/04		F-30/360	45660NW35		941,000.00		997.467821		4.987343		0.834304		5.821647	996.633518
B-4	11/01/04		11/30/04		F-30/360	45660N2B0		940,000.00		997.467830		4.987340		0.834309		5.821649	996.633521
B-5	11/01/04		11/30/04		F-30/360	45660N2D6		353,000.00		997.467819		4.987337		0.834306		5.821643	996.633513
B-6	11/01/04		11/30/04		F-30/360	45660N2F1		824,262.00		997.467856		4.987334		0.834286		5.821620	996.633570
P	11/01/04		11/30/04		F-30/360	IN04071P1		100.00		1,000.000000		0.000000		0.000000		0.000000	1,000.000000




Page 2 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution

Distribution to Date -
																Current


	Original				Unscheduled	Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal	Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)	(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	152,593,000.00		2,704,292.67		18,299,324.34	581,674.05		18,880,998.39		21,585,291.06		0.00		0.00		133,712,001.61
A-2	7,262,600.00		133,147.68		0.00	0.00		0.00		133,147.68		0.00		0.00		7,262,600.00
A-3	44,404,400.00		336,305.29		4,574,831.10	145,418.51		4,720,249.61		5,056,554.90		0.00		0.00		39,684,150.39
A-4	0.00		799,526.91		0.00	0.00		0.00		799,526.91		0.00		0.00		0.00
A-5	0.00		14,377.63		0.00	0.00		0.00		14,377.63		0.00		0.00		0.00
A-6	17,762,000.00		325,636.68		0.00	0.00		0.00		325,636.68		0.00		0.00		17,762,000.00
PO	2,548,240.00		0.00		22,211.34	9,796.25		32,007.59		32,007.59		0.00		0.00		2,516,232.41
A-X	0.00		235,599.66		0.00	0.00		0.00		235,599.66		0.00		0.00		0.00
A-R	100.00		0.50		90.40	9.60		100.00		100.50		0.00		0.00		0.00
B-1	5,879,000.00		117,430.42		0.00	19,791.57		19,791.57		137,221.99		0.00		0.00		5,859,208.43
B-2	1,646,000.00		32,878.12		0.00	5,541.24		5,541.24		38,419.36		0.00		0.00		1,640,458.76
B-3	941,000.00		18,796.06		0.00	3,167.86		3,167.86		21,963.92		0.00		0.00		937,832.14
B-4	940,000.00		18,776.09		0.00	3,164.49		3,164.49		21,940.58		0.00		0.00		936,835.51
B-5	353,000.00		7,051.02		0.00	1,188.37		1,188.37		8,239.39		0.00		0.00		351,811.63
B-6	824,262.00		16,464.27		0.00	2,774.82		2,774.82		19,239.09		0.00		0.00		821,487.18
P	100.00		16,297.50		0.00	0.00		0.00		16,297.50		0.00		0.00		100.00


Total	235,153,702.00		4,776,580.50		22,896,457.18	772,526.76		23,668,983.94		28,445,564.44		0.00		0.00		211,484,718.06


Interest Detail -
	Pass		Prior Principal			Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal			Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued	Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest	Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)	(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	5.50000%		140,390,424.08		643,456.11	0.00		0.00		0.00		643,456.11		643,456.11		0.00
A-2	5.50000%		7,262,600.00		33,286.92	0.00		0.00		0.00		33,286.92		33,286.92		0.00
A-3	2.63000%		41,353,756.01		90,633.65	0.00		0.00		0.00		90,633.65		90,633.65		0.00
A-4	5.27000%		41,353,756.01		181,611.91	0.00		0.00		0.00		181,611.91		181,611.91		0.00
A-5	1.00000%		4,135,375.60		3,446.15	0.00		0.00		0.00		3,446.15		3,446.15		0.00
A-6	5.50000%		17,762,000.00		81,409.17	0.00		0.00		0.00		81,409.17		81,409.17		0.00
PO	0.00000%		2,534,804.50		0.00	0.00		0.00		0.00		0.00		0.00		0.00
A-X	0.43468%		155,300,976.05		56,255.20	0.00		0.00		0.00		56,255.20		56,255.20		0.00
A-R	0.00000%		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00
B-1	6.00000%		5,864,113.32		29,320.57	0.00		0.00		0.00		29,320.57		29,320.57		0.00
B-2	6.00000%		1,641,832.03		8,209.16	0.00		0.00		0.00		8,209.16		8,209.16		0.00
B-3	6.00000%		938,617.22		4,693.09	0.00		0.00		0.00		4,693.09		4,693.09		0.00
B-4	6.00000%		937,619.76		4,688.10	0.00		0.00		0.00		4,688.10		4,688.10		0.00
B-5	6.00000%		352,106.14		1,760.53	0.00		0.00		0.00		1,760.53		1,760.53		0.00
B-6	6.00000%		822,174.85		4,110.87	0.00		0.00		0.00		4,110.87		4,110.87		0.00
P	0.00000%		100.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00


Total			420,650,255.57		1,142,881.43	0.00		0.00		0.00		1,142,881.43		1,142,881.43		0.00



Page 3 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Collection Account Report
SUMMARY
SUMMARY
													Total
Principal Collections													8,375,429.86
Principal Withrawals													0.00
Principal Other Accounts													0.00
TOTAL NET PRINCIPAL													8,375,429.86
Interest Collections													1,157,351.21
Interest Withdrawals													-0.00
Interest Other Accounts													0.00
Interest Fees													-14,469.79
TOTAL NET INTEREST													1,142,881.42
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION													9,518,311.28



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
														Total
Scheduled Principal Received														184,308.87
Curtailments														30,228.44
Prepayments In Full														8,160,892.55
Repurchased/Substitutions														0.00
Liquidations														0.00
Insurance Principal														0.00
Other Additional Principal														0.00
Delinquent Principal														-146,698.56
Realized Losses														-0.00
Advanced Principal														146,698.56
TOTAL PRINCIPAL COLLECTED														8,375,429.86


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
													Total
TOTAL PRINCIPAL OTHER ACCOUNTS													0.00





Page 4 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
													Total
Scheduled Interest													1,199,576.98
Repurchased/Substitution Interest													0.00
Liquidation Interest													0.00
Insurance Interest													0.00
Other Additional Interest													0.00
Prepayment Interest Shortfalls													-14,803.30
Delinquent Interest													-925,166.58
Compensating Interest													14,803.30
Civil Relief Act Shortfalls													-0.00
Interest Advanced													882,940.82
TOTAL INTEREST COLLECTED													1,157,351.21


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
													Total
TOTAL INTEREST WITHDRAWALS													0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
													Total
Prepayment Charges													0.00
TOTAL INTEREST OTHER ACCOUNTS													0.00



INTEREST - FEES
INTEREST - FEES
													Total
Current Servicing Fees													12,637.63
Trustee Fees													1,832.16
TOTAL INTEREST FEES													14,469.79




Page 5 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

SPACE INTENTIONALLY LEFT BLANK




Page 6 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Collateral Report


COLLATERAL



														Total



*Loan Count:*


Original													597
Prior													563
Prefunding													0
Scheduled Paid Offs													-0
Full Voluntary Prepayments													-12
Repurchases													-0
Liquidations													-0
Current													551
*Principal Balance:*


Original													235,153,602.83
Prior													219,860,048.70
Prefunding													0.00
Scheduled Principal													-184,308.87
Partial Prepayments													-30,228.44
Full Voluntary Prepayments													-8,160,892.55
Repurchases													-0.00
Liquidations													-0.00
Current													211,484,618.84





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution

CHARACTERISTICS
CHARACTERISTICS
													Total
Weighted Average Coupon Original													6.55524%
Weighted Average Coupon Prior													6.55115%
Weighted Average Coupon Current													6.54731%
Weighted Average Months to Maturity Original													357
Weighted Average Months to Maturity Prior													355
Weighted Average Months to Maturity Current													354
Weighted Avg Remaining Amortization Term Original													357
Weighted Avg Remaining Amortization Term Prior													355
Weighted Avg Remaining Amortization Term Current													354
Weighted Average Seasoning Original													1.91
Weighted Average Seasoning Prior													3.88
Weighted Average Seasoning Current													4.89









Page 8 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
													Total
Weighted Average Margin Original													0.00000%
Weighted Average Margin Prior													0.00000%
Weighted Average Margin Current													0.00000%
Weighted Average Max Rate Original													0.00000%
Weighted Average Max Rate Prior													0.00000%
Weighted Average Max Rate Current													0.00000%
Weighted Average Min Rate Original													0.00000%
Weighted Average Min Rate Prior													0.00000%
Weighted Average Min Rate Current													0.00000%
Weighted Average Cap Up Original													0.00000%
Weighted Average Cap Up Prior													0.00000%
Weighted Average Cap Up Current													0.00000%
Weighted Average Cap Down Original													0.00000%
Weighted Average Cap Down Prior													0.00000%
Weighted Average Cap Down Current													0.00000%




SERVICING FEES & ADVANCES

														Total




Current Servicing Fees													12,637.63
Delinquent Servicing Fees													42,225.77
TOTAL SERVICING FEES													54,863.40


Total Servicing Fees													54,863.40
Compensating Interest													-14,803.30
Delinquent Servicing Fees													-42,225.77
COLLECTED SERVICING FEES													-2,165.67


Total Advaced Interest													882,940.82
Total Advaced Principal													146,698.56
Aggregate Advances with respect to this Distribution													1,029,639.38





ADDITIONAL COLLATERAL INFORMATION
													Total
Prepayment Interest Shortfall (PPIS)													14,803.30
Compensating Interest													-14,803.30
Net Prepayment Interest Shortfall (PPIS)													0.00

Weighted Average Net Mortgage Rate													6.237867%

LIBOR for the Current Period													2.180000%

LIBOR for the Next Period													2.417500%



Page 9 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			817,553.74		1,288,569.88		688,443.97		2,794,567.59
			% Balance			0.39%		0.61%		0.33%		1.32%
			# Loans			3		3		1		7
			% # Loans			0.54%		0.54%		0.18%		1.27%
	FORECLOSURE		Balance		0.00	0.00		0.00		221,691.35		221,691.35
			% Balance		0.00%	0.00%		0.00%		0.10%		0.10%
			# Loans		0	0		0		1		1
			% # Loans		0.00%	0.00%		0.00%		0.18%		0.18%
	BANKRUPTCY		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00	817,553.74		1,288,569.88		910,135.32		3,016,258.94
			% Balance		0.00%	0.39%		0.61%		0.43%		1.43%
			# Loans		0	3		3		2		8
			% # Loans		0.00%	0.54%		0.54%		0.36%		1.45%









Page 10 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
REO Report
Loan Number			Original		Stated			Current		State &

													First
&			Principal		Principal	Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance	Date		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
SPACE INTENTIONALLY LEFT BLANK



TOTAL



Page 11 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Foreclosure Report
Loan Number			Original		Stated			Current		State &

													First
&			Principal		Principal	Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance	Date		Rate		Origination		Term		Date
3154357 1
3154357 1			224,000.00		221,691.35	01-Aug-2004		7.750%		MA - 64.93%		360		01-Oct-2003



TOTAL			224,000.00		221,691.35



Page 12 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

														Total




*Current*


Number of Paid in Full Loans													12
Number of Repurchased Loans													0
Total Number of Loans Prepaid in Full													12
Curtailments Amount													30,228.44
Paid in Full Balance													8,160,892.55
Repurchased Loans Balance													0.00
Total Prepayment Amount													8,191,120.99

*Cumulative*


Number of Paid in Full Loans													46
Number of Repurchased Loans													0
Total Number of Loans Prepaid in Full													46
Paid in Full Balance													22,823,760.02
Repurchased Loans Balance													0.00
Curtailments Amount													72,438.23
Total Prepayment Amount													22,896,198.25










Page 13 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

														Total



SMM													3.73%
3 Months Avg SMM													3.12%
12 Months Avg SMM													2.54%
Avg SMM Since Cut-off													2.54%


CPR													36.62%
3 Months Avg CPR													31.62%
12 Months Avg CPR													26.52%
Avg CPR Since Cut-off													26.52%


PSA													3,747.67%
3 Months Avg PSA Approximation													4,073.44%
12 Months Avg PSA Approximation													3,913.16%
Avg PSA Since Cut-off Approximation													3,913.16%










Page 14 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution






PREPAYMENT CALCULATION METHODOLOGY

	Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal)

	Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	PSA Standard Prepayment Model: CPR/(0.002*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, liquidations, and repurchases.
	Dates correspond to distribution dates.




Page 15 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original						Current		State &		Type Prepayment		First
Loan Number			Original						Current		State &		Type Prepayment

&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

3594190 1			1,930,000.00		1,923,922.87		16-Nov-2004		7.250%		CA - 64.33%		Paid Off - 360		08/01/2004
3594190 1			1,930,000.00		1,923,922.87		16-Nov-2004		7.250%		CA - 64.33%		Paid Off - 360		08/01/2004
3743995 1			505,000.00		503,246.10		01-Dec-2004		6.750%		CA - 67.33%		Paid Off - 360		08/01/2004
3787061 1			350,000.00		350,000.00		18-Nov-2004		6.000%		CA - 61.40%		Paid Off - 360		05/01/2004
3793563 1			377,000.00		375,658.43		18-Nov-2004		6.625%		MD - 56.27%		Paid Off - 360		08/01/2004
3808202 1			686,000.00		678,666.56		18-Nov-2004		7.000%		CA - 70.00%		Paid Off - 360		08/01/2004
3929437 1			364,800.00		363,875.28		01-Dec-2004		6.875%		CA - 76.80%		Paid Off - 360		09/01/2004
3946675 1			596,000.00		594,374.84		03-Dec-2004		6.500%		CA - 80.00%		Paid Off - 360		09/01/2004
3952398 1			475,000.00		473,350.28		23-Nov-2004		6.750%		CA - 49.48%		Paid Off - 360		08/01/2004
120002045 1			375,000.00		372,174.32		30-Nov-2004		7.250%		CA - 59.06%		Paid Off - 240		08/01/2004
120006510 1			147,000.00		146,645.22		07-Dec-2004		7.125%		TN - 71.05%		Paid Off - 360		09/01/2004
120066363 1			476,000.00		475,184.03		23-Nov-2004		7.000%		UT - 77.71%		Paid Off - 360		10/01/2004
120079368 1			1,909,000.00		1,903,794.62		17-Nov-2004		6.500%		CA - 68.18%		Paid Off - 360		09/01/2004


TOTAL			8,190,800.00		8,160,892.55
TOTAL


Page 16 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



														Total


*Current*
*Current*



Number of Loans Liquidated
Collateral Principal Realized Loss/(Gain) Amount
Collateral Interest Realized Loss/(Gain) Amount
Net Liquidation Proceeds

*Cumulative*
*Cumulative*



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





		Special Hazard Loss Coverage Amt
		Fraud Loss Coverage Amt
		Bankrupt Loss Coverage Amt
		Class B-1 Writedown Amount
		Class B-2 Writedown Amount
		Class B-3 Writedown Amount
		Class B-4 Writedown Amount
		Class B-5 Writedown Amount
		Class B-6 Writedown Amount









Page 17 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution


DEFAULT SPEEDS



														Total



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


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


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


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












Page 18 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution





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
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Realized Loss Detail Report
Loan Number			Current		State &			Prior		Realized				Cumulative
														Cumulative
&		Loan	Note		LTV at	Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination	Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination	Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 20 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
													Total
Has Optional Termination Date Reached (0=No,1=Yes)
Has Sr. Prepay Stepdown Condition Occurred (0=No,1=Yes)
Has Sr. Credit Supp. Depletion Date Occured (0=No,1=Yes)
Have all Prepayment Penalties Expired? (0=No,1=Yes)
Has Special Haz. Cov. Term Date Occured (0=No,1=Yes)
Has Fraud Loss Coverage Term Date Occured (0=No,1=Yes)
Has BK Loss Cov. Term Date Occured (0=No,1=Yes)



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
													Total
Current Senior Percentage
Next Senior Percentage
Current Subordinate Percentage
Next Subordinate Percentage
Senior Prepayment Percentage
Next Senior Prepayment Percentage
Subordinate Prepayment Percentage
Next Subordinate Prepayment Percentage




Page 21 of 22
IndyMac Residential Asset Securitization Trust 2004-A7

Collateralized Asset-Backed Bonds
Collateralized Asset-Backed Bonds
2004-A7

December 27, 2004 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
													Total
Current Scheduled Payments
Current Scheduled Payments 1 Month Prior
Current Scheduled Payments 2 Month Prior
Current Scheduled Payments 3 Month Prior
Current Scheduled Payments 4 Month Prior
Current Scheduled Payments 5 Month Prior
Current Scheduled Payments 6 Month Prior
Current Scheduled Payments 7 Month Prior
Current Scheduled Payments 8 Month Prior
Current Scheduled Payments 9 Month Prior
Current Scheduled Payments 10 Month Prior
Current Scheduled Payments 11 Month Prior


Delinquent 60+ Scheduled Payments
Delinq. 60+ Sched. Pmnts, 1 Month Prior
Delinq. 60+ Sched. Pmnts, 2 Month Prior
Delinq. 60+ Sched. Pmnts, 3 Month Prior
Delinq. 60+ Sched. Pmnts, 4 Month Prior
Delinq. 60+ Sched. Pmnts, 5 Month Prior
Delinq. 60+ Sched. Pmnts, 6 Month Prior
Delinq. 60+ Sched. Pmnts, 7 Month Prior
Delinq. 60+ Sched. Pmnts, 8 Month Prior
Delinq. 60+ Sched. Pmnts, 9 Month Prior
Delinq. 60+ Sched. Pmnts, 10 Month Prior
Delinq. 60+ Sched. Pmnts, 11 Month Prior


Variable Rate Certificates - Next PTR Details:
Next Period Pass Through Rate - Class A-3
Next Period Pass Through Rate - Class A-4
Next Period Pass Through Rate - Class A-5
Next Period Pass Through Rate - Class A-X




Page 22 of 22

IndyMac MBS, Inc. Residential Asset Securitization Trust 2004-A7 8-K