8-K 1 nomura04ar3_dec04.txt 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 NOMURA ASSET ACCEPTANCE CORPORATION, (as depositor under a Pooling and Servicing Agreement, dated as of November 1, 2004, providing for the issuance of Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2004-AR3, Mortgage Pass-Through Certificates, Series 2004-AR3) NOMURA ASSET ACCEPTANCE CORPORATION (Exact name of registrant as specified in its charter) Delaware 333-109614-05 13-3672336 (State or other (Commission File Number) (IRS Employer jurisdiction of Identification No.) incorporation) 2 World Financial Center Building B, 21st Floor New York, NY 10281 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code : (212) 667-9300 N/A (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(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 8.1 Other Events. This report and exhibit is being filed pursuant to the terms of the Pooling and Servicing Agreement, dated as of November 1, 2004, among Nomura Asset Acceptance Corporation, as depositor, Nomura Credit & Capital, Inc., as seller, GMAC Mortgage Corporation, as servicer, and JPMorgan Chase Bank, as trustee and custodian. On December 27, 2004 distributions were made to the Certificateholders. Specific information with respect to these distributions is filed as Exhibit 99.1. Item 9.1 Financial Statements and Exhibits. (a) Not applicable (b) Not applicable (c) The following exhibit is filed as part of this report: Statement to Certificateholders on December 27, 2004 as Exhibit 99.1. NOMURA ASSET ACCEPTANCE CORPORATION Alternative Loan Trust, Series 2004-AR3 Mortgage Pass-Through Certificates, Series 2004-AR3 ---------------------------------------------------------------------------- SIGNATURE 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. JPMORGAN CHASE BANK, N.A, not in its individual capacity but solely as Trustee and Custodian under the Agreement referred to herein Date: January 3, 2005 By: /s/ Andrew Cooper --------------------------------------- Andrew Cooper Assistant Vice President INDEX TO EXHIBITS Exhibit Number Description of Exhibits 99.1 Monthly Statement to Certificateholders on December 27, 2004 Exhibit 99.1 Monthly Certificateholder Statement on December 27, 2004 Nomura Asset Acceptance Corporation Mortgage Pass-Through Certificates, Series 2004-AR3 Statement to Certificateholders December 27, 2004 ---------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ---------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE ---------------------------------------------------------------------------------------------------------------------------------- IA1 60,726,000.00 60,726,000.00 452,004.09 241,183.43 693,187.52 0.00 0.00 60,273,995.91 IA2 5,191,000.00 5,191,000.00 38,638.36 20,984.62 59,622.98 0.00 0.00 5,152,361.64 IIA 74,494,000.00 74,494,000.00 1,305,102.49 150,295.78 1,455,398.27 0.00 0.00 73,188,897.51 IIIA1 48,411,000.00 48,411,000.00 437,264.84 97,671.88 534,936.72 0.00 0.00 47,973,735.16 IIIA2 82,298,000.00 82,298,000.00 743,343.90 164,440.55 907,784.45 0.00 0.00 81,554,656.10 IIIA3 14,524,000.00 14,524,000.00 131,185.77 29,980.76 161,166.53 0.00 0.00 14,392,814.23 IIIA4 72,616,000.00 72,616,000.00 655,892.74 145,942.02 801,834.76 0.00 0.00 71,960,107.26 IIIA5 8,068,000.00 8,068,000.00 72,872.96 16,967.90 89,840.86 0.00 0.00 7,995,127.04 M1 16,597,000.00 16,597,000.00 0.00 36,583.48 36,583.48 0.00 0.00 16,597,000.00 M2 5,730,000.00 5,730,000.00 0.00 14,903.09 14,903.09 0.00 0.00 5,730,000.00 M3 3,754,000.00 3,754,000.00 0.00 10,347.69 10,347.69 0.00 0.00 3,754,000.00 M4 2,766,775.00 2,766,775.00 0.00 8,810.03 8,810.03 0.00 0.00 2,766,775.00 P 100.00 100.00 0.00 12,733.01 12,733.01 0.00 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTALS 395,175,875.00 395,175,875.00 3,836,305.15 950,844.24 4,787,149.39 0.00 0.00 391,339,569.85 --------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE NOTIONAL REALIZED DEFERRED NOTIONAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE ---------------------------------------------------------------------------------------------------------------------------------- X 395,175,775.55 395,175,775.55 0.00 0.00 0.00 0.00 0.00 392,427,246.32 ---------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE ---------------------------------------------------------------------------------------------------------------------------------- BEGINNING ENDING CURRENT CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS PASS-THROUGH RATE -------------------------------------------------------------------------------------------------------------------------------- IA1 65535VFE3 1,000.00000000 7.44333712 3.97166667 11.41500379 992.55666288 IA1 4.766000 % IA2 65535VGJ1 1,000.00000000 7.44333654 4.04250048 11.48583703 992.55666346 IA2 4.851000 % IIA 65535VFF0 1,000.00000000 17.51956520 2.01755551 19.53712071 982.48043480 IIA 2.594000 % IIIA1 65535VFG8 1,000.00000000 9.03234472 2.01755551 11.04990023 990.96765528 IIIA1 2.594000 % IIIA2 65535VFH6 1,000.00000000 9.03234465 1.99811113 11.03045578 990.96765535 IIIA2 2.569000 % IIIA3 65535VFJ2 1,000.00000000 9.03234440 2.06422198 11.09656637 990.96765560 IIIA3 2.654000 % IIIA4 65535VFK9 1,000.00000000 9.03234466 2.00977773 11.04212240 990.96765534 IIIA4 2.584000 % IIIA5 65535VFL7 1,000.00000000 9.03234507 2.10311106 11.13545612 990.96765493 IIIA5 2.704000 % M1 65535VFM5 1,000.00000000 0.00000000 2.20422245 2.20422245 1,000.00000000 M1 2.834000 % M2 65535VFN3 1,000.00000000 0.00000000 2.60088831 2.60088831 1,000.00000000 M2 3.344000 % M3 65535VFP8 1,000.00000000 0.00000000 2.75644379 2.75644379 1,000.00000000 M3 3.544000 % M4 65535VFQ6 1,000.00000000 0.00000000 3.18422351 3.18422351 1,000.00000000 M4 4.094000 % P 65535VFS2 1,000.00000000 0.00000000 ###### ####### 1,000.00000000 P 0.000000 % TOTALS 1,000.00000000 9.70784249 2.40612927 12.11397176 990.29215751 --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- BEGINNING ENDING CURRENT CLASS CUSIP NOTIONAL PRINCIPAL INTEREST TOTAL NOTIONAL CLASS PASS-THROUGH RATE -------------------------------------------------------------------------------------------------------------------------------- X 65535VFR4 1,000.00000000 0.00000000 0.00000000 0.00000000 993.04479323 X 0.000000 % -------------------------------------------------------------------------------------------------------------------------------- IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Janet M Russo JPMorgan Chase Bank, N.A. - Structured Finance Services 4 New York Plaza, 6th Floor, New York, New York 10004 Tel: (212) 623-4508 Fax: (212) 623-5930 Email: janet.russo@chase.com Scheduled Principal Payments (Total) 144,081.55 Group 1 28,304.57 Group 2 23,270.14 Group 3 92,506.84 Principal Prepayments (Total) 2,584,814.87 Group 1 322,071.08 Group 2 911,397.45 Group 3 1,351,346.34 Repurchase Principal (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Substitution Amounts (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Net Liquidation Proceeds (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Insurance Proceeds (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Other Principal (Total) 19,632.81 Group 1 1,146.21 Group 2 375.95 Group 3 18,110.65 Beginning Number of Loans Outstanding (Total) 1,711 Group 1 279 Group 2 160 Group 3 1,272 Beginning Aggregate Loan Balances (Total) 395,175,775.55 Group 1 71,107,274.71 Group 2 80,360,513.17 Group 3 243,707,987.67 Ending Number of Loans Outstanding (Total) 1,701 Group 1 278 Group 2 158 Group 3 1,265 Ending Aggregate Loan Balances (Total) 392,427,246.32 Group 1 70,755,752.85 Group 2 79,425,469.63 Group 3 242,246,023.84 Servicing Fees (Total) 82,328.30 Group 1 14,814.02 Group 2 16,741.78 Group 3 50,772.50 Credit Risk Management Fees (Total) 4,939.70 Group 1 888.84 Group 2 1,004.51 Group 3 3,046.35 Prepayment Penalties 12,733.01 Group 1 0.00 Group 2 12,733.01 Group 3 0.00 Agregate Balance of Loans w/Prepayment Penalties 542,248.20 Group 1 0.00 Group 2 542,248.20 Group 3 0.00 Count of Loans w/Prepayment Penalties 1.00 Group 1 0.00 Group 2 1.00 Group 3 0.00 Current Advances (Total) N/A Group 1 N/A Group 2 N/A Group 3 N/A Outstanding Advances (Total) N/A Group 1 N/A Group 2 N/A Group 3 N/A Delinquent Mortgage Loans Group 1 Principal Category Number Balance Percentage 1 Month 0 0.00 0.00 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 0 0.00 0.00 % Group 2 Principal Category Number Balance Percentage 1 Month 0 0.00 0.00 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 0 0.00 0.00 % Group 3 Principal Category Number Balance Percentage 1 Month 1 314,980.16 0.13 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 1 314,980.16 0.13 % Group Totals Principal Category Number Balance Percentage 1 Month 1 314,980.16 0.08 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 1 314,980.16 0.08 % * Delinquent Bankruptcies are included in the table above. Bankruptcies Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00 % Group 3 Principal Number Balance Percentage 0 0.00 0.00 % Group Totals Principal Number Balance Percentage 0 0.00 0.00 % * Only Current Bankruptcies are reflected in the table above. Foreclosures Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00 % Group 3 Principal Number Balance Percentage 0 0.00 0.00 % Group Totals Principal Number Balance Percentage 0 0.00 0.00 % REO Properties Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00 % Group 3 Principal Number Balance Percentage 0 0.00 0.00 % Group Totals Principal Number Balance Percentage 0 0.00 0.00 % Current Realized Losses (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Subsequent Losses (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Subsequent Loss Recoveries (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Current Period Net Loss (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Cumulative Realized Losses (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Beginning Gross Weighted Average Coupon (Deal) 6.4169 % Group 1 5.5063 % Group 2 6.5617 % Group 3 6.6347 % Weighted Average Term to Maturity (Deal) 356 Group 1 355 Group 2 357 Group 3 357 Trigger Event NO TEST I - Trigger Event Occurrence NO (Is Rolling 3 Month Delinquency Rate > 40% of of Senior Enhancement Percetage ?) Rolling 3 Month Delinquency Rate 0.00000 % 40% of of Senior Enhancement Percetage 2.94045 % OR TEST II - Trigger Event Occurrence NO (Are Cumulative Realized Losses as % of Original Loan Bal > Required Cumulative Loss % ?) Cumulative Realized Losses as % of Original Loan Bal 0.00000 % Required Cumulative Loss % 0.00000 % O/C Reporting Targeted Overcollateralization Amount 3,951,757.76 Ending Overcollateralization Amount 1,087,776.47 Ending Overcollateralization Deficiency 2,863,981.29 Overcollateralization Release Amount 0.00 Monthly Excess Interest 1,087,775.92 Payment to Class X 0.00 Basic Risk Reserve Fund Account: Beginning Balance 0.00 Additions to the Basic Risk Reserve Fund 0.00 Withdrawals from the Basic Risk Reserve Fund 0.00 Ending Balance 0.00 Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.

Delaware 333-109614 35-3672336 ------------------------------- ------------------------ --------------------------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.)

---------------------- -------------------------------------------------------------------------- EXHIBIT NO. DESCRIPTION ---------------------- -------------------------------------------------------------------------- 4.1 Pooling and Servicing Agreement, dated as of November 1, 2004, by and among Nomura Asset Acceptance Corporation, as Depositor, Nomura Credit & Capital, Inc., as Seller, GMAC Mortgage Corporation, as a Servicer and JPMorgan Chase Bank, N.A., as Trustee and Custodian relating to the Series 2004-AR3 Certificates. ---------------------- --------------------------------------------------------------------------

Sequentially Exhibit No. Description Numbered Page ----------- ----------- -------------- 4.1 Pooling and Servicing Agreement, dated as of November 1, 7 2004, by and among Nomura Asset Acceptance Corporation, as Depositor, Nomura Credit & Capital, Inc., as Seller, GMAC Mortgage Corporation, as Servicer and JPMorgan Chase Bank, N.A., as Trustee and Custodian relating to the Series 2004-AR3 Certificates.

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