8-K 1 mam04001.txt MAY 8-K 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): May 25, 2004 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-14 54-2142334 Pooling and Servicing Agreement) (Commission 54-2142335 (State or other File Number) 54-2142336 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On May 25, 2004 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2004-1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-1 Trust, relating to the May 25, 2004 distribution. 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. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 5/26/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-1 Trust, relating to the May 25, 2004 distribution. EX-99.1

Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 24/2930/~~2004~~04 Distribution Date: 35/25/~~2004~~04 MARM Series: 2004-1 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-A1 576433JC1 SEN 2.~~85722~~85305% 27,~~918~~584,~~230~~297.8016 6665,~~473~~582.6876 ~~266~~633,~~967~~720.4265 2-A1 576433JD9 SEN 3.~~60370~~58571% 5048,~~185~~400,~~261~~591.9071 ~~150~~144,~~710~~625.3552 ~~990~~1,~~625~~248,083.0871 2-AX 576433JE7 SEN 2.24591% 0.00 9390,~~926~~586.2811 0.00 3-A1 576433JF4 SEN 5.~~14635~~13369% 1312,~~509~~844,~~239~~763.7679 5754,~~936~~950.0391 ~~290~~659,~~960~~833.2584 3-A2 576433JG2 SEN 4.~~53435~~52169% 8581,~~726~~510,~~931~~300.7118 ~~323~~307,~~929~~137.7523 14,~~846~~187,~~375~~173.5247 3-A3 576433JH0 SEN 5.~~91619~~90354% ~~562~~534,~~473~~807.8355 2,~~773~~631.0805 1227,~~114~~472.4999 3-AX 576433JJ6 SEN 1.29853% 0.00 ~~107~~102,~~384~~102.2133 0.00 4-A1 576433JK3 SEN 6.~~21514~~21900% 1817,~~402~~295,~~848~~194.2411 9589,~~313~~632.5141 ~~376~~990,~~552~~368.5068 4-A2 576433JL1 SEN 4.~~97414~~97800% 3432,~~508~~431,~~795~~735.1875 ~~143~~134,~~042~~537.8777 ~~706~~1,~~106~~857,127.6319 4-AX 576433JM9 SEN 1.24100% 0.00 3533,~~687~~539.8582 0.00 5-A1 576433JN7 SEN 4.~~47379~~45952% 3938,~~419~~051,~~166~~937.9943 ~~146~~141,~~960~~410.9899 ~~224~~2,~~284~~399,454.8605 5-AX 576433JP2 SEN 1.39791% 0.00 4544,~~920~~327.3159 0.00 6-A1 576433JQ0 SEN 4.~~75392~~75400% 49,~~760~~700,~~639~~416.6139 ~~197~~196,~~131~~896.6631 28678,~~370~~527.6432 B-1 576433JT4 SUB 4.~~46743~~45885% 15,~~758~~750,~~727~~049.3073 58,~~667~~522.5455 4,~~303~~410.0288 B-1X 576433JZ0 SUB 1.03941% 0.00 13,~~649~~642.8634 0.00 B-2 576433JU1 SUB 5.~~50685~~49826% 2,~~302~~301,~~375~~107.7594 10,~~565~~543.6941 ~~628~~644.6844 B-3 576433JV9 SUB 5.~~50685~~49826% 4,~~426~~424,~~799~~362.7513 20,~~314~~271.7591 1,~~208~~239.7707 B-4 576433JW7 SUB 5.~~50685~~49826% 4,~~072~~070,~~895~~652.7196 18,~~690~~651.6726 1,~~112~~140.1301 B-5 576433JX5 SUB 5.~~50685~~49826% 2,~~124~~123,~~424~~254.0018 9,~~749~~728.0650 ~~580~~594.0963 B-6 576433JY3 SUB 5.~~50685~~49826% 1,~~771~~770,~~190~~215.8049 8,~~128~~110.0692 ~~483~~495.6376 AR 576433JS6 SEN 5.~~85261~~86581% 0.00 0.00 0.00 ALR 576433JR8 SEN 5.~~85261~~86581% 0.00 0.00 0.00 Totals ~~350~~338,~~450~~793,~~001~~686.3350 1,~~606~~547,~~956~~431.1969 412,~~750~~690,~~673~~286.7169

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 2726,~~651~~950,~~263~~576.3751 ~~333~~699,~~441~~303.1041 0.00 2-A1 0.00 4947,~~194~~152,~~636~~507.8299 1,~~141~~392,~~335~~709.4323 0.00 2-AX 0.00 0.00 9390,~~926~~586.2811 0.00 3-A1 0.00 1312,~~218~~184,~~279~~929.5195 ~~348~~714,~~896~~784.2875 0.00 3-A2 0.00 8377,~~880~~323,~~556~~126.1971 24,~~170~~494,~~305~~310.2770 0.00 3-A3 0.00 ~~550~~507,~~359~~334.3456 1430,~~887~~104.5704 0.00 3-AX 0.00 0.00 ~~107~~102,~~384~~102.2133 0.00 4-A1 0.00 1816,~~026~~304,~~295~~825.7444 ~~471~~1,~~866~~080,001.0109 0.00 4-A2 0.00 3330,~~802~~574,~~688~~608.56 ~~849~~1,~~149~~991,664.5096 0.00 4-AX 0.00 0.00 3533,~~687~~539.8582 0.00 5-A1 0.00 3935,~~194~~652,~~882~~483.1338 ~~371~~2,~~245~~540,865.8404 0.00 5-AX 0.00 0.00 4544,~~920~~327.3159 0.00 6-A1 0.00 49,~~732~~021,~~268~~889.9707 ~~225~~875,~~502~~423.3063 0.00 B-1 0.00 15,~~754~~745,~~424~~638.2884 62,~~970~~933.5643 0.00 B-1X 0.00 0.00 13,~~649~~642.8634 0.00 B-2 0.00 2,~~301~~300,~~747~~463.0751 11,~~194~~187.3785 0.00 B-3 0.00 4,~~425~~423,~~590~~123.9906 21,~~523~~510.5298 0.00 B-4 0.00 4,~~071~~069,~~783~~512.5895 19,~~802~~791.8027 0.00 B-5 0.00 2,~~123~~122,~~843~~659.9155 10,~~329~~323.1513 0.00 B-6 0.00 1,~~770~~769,~~707~~719.1773 8,~~611~~606.6968 0.00 AR 0.00 0.00 0.00 0.00 ALR 0.00 0.00 0.00 0.00 Totals 0.00 ~~345~~326,~~699~~103,~~327~~399.6381 614,~~357~~237,~~629~~718.9038 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-A1 27,935,000.00 27,~~918~~584,~~230~~297.8016 13154.3471 ~~266~~633,~~954~~565.0894 0.00 0.00 2-A1 50,900,000.00 5048,~~185~~400,~~261~~591.9071 8,~~386~~108.9398 ~~982~~1,~~238~~239,974.1573 0.00 0.00 2-AX 0.00 0.00 0.00 0.00 0.00 0.00 3-A1 13,690,000.00 1312,~~509~~844,~~239~~763.7679 3,~~749~~735.9497 ~~287~~656,~~210~~097.3187 0.00 0.00 3-A2 86,874,000.00 8581,~~726~~510,~~931~~300.7118 23,~~796~~707.3970 14,~~822~~163,~~579~~465.1377 0.00 0.00 3-A3 570,000.00 ~~562~~534,~~473~~807.8355 ~~156~~155.1355 1127,~~958~~317.3544 0.00 0.00 3-AX 0.00 0.00 0.00 0.00 0.00 0.00 4-A1 18,644,000.00 1817,~~402~~295,~~848~~194.2411 1716,~~202~~385.2890 ~~359~~973,~~350~~982.2278 0.00 0.00 4-A2 34,961,000.00 3432,~~508~~431,~~795~~735.1875 3230,~~257~~726.5163 ~~673~~1,~~849~~826,400.1155 0.00 0.00 4-AX 0.00 0.00 0.00 0.00 0.00 0.00 5-A1 40,417,000.00 3938,~~419~~051,~~166~~937.9943 1,~~695~~774.8810 ~~222~~2,~~588~~397,679.9895 0.00 0.00 5-AX 0.00 0.00 0.00 0.00 0.00 0.00 6-A1 49,784,000.00 49,~~760~~700,~~639~~416.6139 0.00 28678,~~370~~527.6432 0.00 0.00 B-1 15,763,000.00 15,~~758~~750,~~727~~049.3073 4,~~303~~410.0288 0.00 0.00 0.00 B-1X 0.00 0.00 0.00 0.00 0.00 0.00 B-2 2,303,000.00 2,~~302~~301,~~375~~107.7594 ~~628~~644.6844 0.00 0.00 0.00 B-3 4,428,000.00 4,~~426~~424,~~799~~362.7513 1,~~208~~239.7707 0.00 0.00 0.00 B-4 4,074,000.00 4,~~072~~070,~~895~~652.7196 1,~~112~~140.1301 0.00 0.00 0.00 B-5 2,125,000.00 2,~~124~~123,~~424~~254.0018 ~~580~~594.0963 0.00 0.00 0.00 B-6 1,771,671.00 1,~~771~~770,~~190~~215.8049 ~~483~~495.6376 0.00 0.00 0.00 AR 50.00 0.00 0.00 0.00 0.00 0.00 ALR 50.00 0.00 0.00 0.00 0.00 0.00 Totals 354,239,771.00 ~~350~~338,~~450~~793,~~001~~686.3350 9593,~~574~~274.7233 412,~~655~~597,~~098~~012.9735 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-A1 ~~266~~633,~~967~~720.4265 2726,~~651~~950,~~263~~576.3751 0.~~98984297~~96476021 ~~266~~633,~~967~~720.4265 2-A1 ~~990~~1,~~625~~248,083.0871 4947,~~194~~152,~~636~~507.8299 0.~~96649581~~92637540 ~~990~~1,~~625~~248,083.0871 2-AX 0.00 0.00 0.00000000 0.00 3-A1 ~~290~~659,~~960~~833.2584 1312,~~218~~184,~~279~~929.5195 0.~~96554270~~89006062 ~~290~~659,~~960~~833.2584 3-A2 14,~~846~~187,~~375~~173.5247 8377,~~880~~323,~~556~~126.1971 0.~~96554270~~89006062 14,~~846~~187,~~375~~173.5247 3-A3 1227,~~114~~472.4999 ~~550~~507,~~359~~334.3456 0.~~96554270~~89006063 1227,~~114~~472.4999 3-AX 0.00 0.00 0.00000000 0.00 4-A1 ~~376~~990,~~552~~368.5068 1816,~~026~~304,~~295~~825.7444 0.~~96686847~~87453473 ~~376~~990,~~552~~368.5068 4-A2 ~~706~~1,~~106~~857,127.6319 3330,~~802~~574,~~688~~608.56 0.~~96686847~~87453473 ~~706~~1,~~106~~857,127.6319 4-AX 0.00 0.00 0.00000000 0.00 5-A1 ~~224~~2,~~284~~399,454.8605 3935,~~194~~652,~~882~~483.1338 0.~~96976228~~88211602 ~~224~~2,~~284~~399,454.8605 5-AX 0.00 0.00 0.00000000 0.00 6-A1 28678,~~370~~527.6432 49,~~732~~021,~~268~~889.9707 0.~~99896089~~98469165 28678,~~370~~527.6432 B-1 4,~~303~~410.0288 15,~~754~~745,~~424~~638.2884 0.~~99945596~~99889861 4,~~303~~410.0288 B-1X 0.00 0.00 0.00000000 0.00 B-2 ~~628~~644.6844 2,~~301~~300,~~747~~463.0751 0.~~99945596~~99889861 ~~628~~644.6844 B-3 1,~~208~~239.7707 4,~~425~~423,~~590~~123.9906 0.~~99945596~~99889861 1,~~208~~239.7707 B-4 1,~~112~~140.1301 4,~~071~~069,~~783~~512.5895 0.~~99945596~~99889861 1,~~112~~140.1301 B-5 ~~580~~594.0963 2,~~123~~122,~~843~~659.9155 0.~~99945596~~99889861 ~~580~~594.0963 B-6 ~~483~~495.6376 1,~~770~~769,~~707~~719.1773 0.~~99945598~~99889863 ~~483~~495.6376 AR 0.00 0.00 0.00000000 0.00 ALR 0.00 0.00 0.00000000 0.00 Totals 412,~~750~~690,~~673~~286.7169 ~~345~~326,~~699~~103,~~327~~399.6381 0.~~97589078~~92057252 412,~~750~~690,~~673~~286.7169

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 27,935,000.00 ~~999~~987.~~39970646~~44575479 0.~~00047754~~00553821 922.~~55625846~~68000501 0.00000000 2-A1 50,900,000.00 ~~985~~950.~~95799411~~89571139 0.~~16477269~~15931198 1924.~~29740963~~36099666 0.00000000 2-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A1 13,690,000.00 ~~986~~938.~~79618408~~25885975 0.~~27391819~~27289774 2047.~~97956976~~92533747 0.00000000 3-A2 86,874,000.00 ~~986~~938.~~79618424~~25885973 0.~~27391843~~27289753 2047.~~97956961~~92533750 0.00000000 3-A3 570,000.00 ~~986~~938.~~79619298~~25885965 0.~~27391228~~27289474 2047.~~97956140~~92533333 0.00000000 3-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4-A1 18,644,000.00 ~~987~~927.~~06544947~~65469374 0.~~92267110~~87888329 1952.~~27430916~~24108453 0.00000000 4-A2 34,961,000.00 ~~987~~927.~~06544950~~65469380 0.~~92267126~~87888304 1952.~~27430880~~24108435 0.00000000 4-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 5-A1 40,417,000.00 ~~975~~941.~~31155182~~48347057 0.~~04195957~~04389490 559.~~50731079~~32355073 0.00000000 5-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 6-A1 49,784,000.00 ~~999~~998.~~53076511~~32107484 0.00000000 013.~~56987466~~62942552 0.00000000 B-1 15,763,000.00 999.~~72894119~~17843875 0.~~27298230~~27982491 0.00000000 0.00000000 B-1X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-2 2,303,000.00 999.~~72894051~~17843682 0.~~27298307~~27982631 0.00000000 0.00000000 B-3 4,428,000.00 999.~~72894083~~17843948 0.~~27298329~~27982611 0.00000000 0.00000000 B-4 4,074,000.00 999.~~72894207~~17843888 0.~~27298233~~27982572 0.00000000 0.00000000 B-5 2,125,000.00 999.~~72894118~~17843765 0.~~27298353~~27982588 0.00000000 0.00000000 B-6 1,771,671.00 999.~~72895645~~17845356 0.~~27297958~~27982622 0.00000000 0.00000000 AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 ALR 50.00 0.00000000 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-A1 0.00000000 922.~~55673599~~68554323 ~~989~~964.~~84297011~~76021156 0.~~98984297~~96476021 922.~~55673599~~68554323 2-A1 0.00000000 1924.~~46218232~~52030864 ~~966~~926.~~49581179~~37540255 0.~~96649581~~92637540 1924.~~46218232~~52030864 2-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A1 0.00000000 2148.~~25348795~~19823521 ~~965~~890.~~54269613~~06062454 0.~~96554270~~89006062 2148.~~25348795~~19823521 3-A2 0.00000000 2148.~~25348804~~19823503 ~~965~~890.~~54269620~~06062470 0.~~96554270~~89006062 2148.~~25348804~~19823503 3-A3 0.00000000 2148.~~25349123~~19822807 ~~965~~890.~~54270175~~06063158 0.~~96554270~~89006063 2148.~~25349123~~19822807 3-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-A1 0.00000000 2053.~~19698026~~11996782 ~~966~~874.~~86846921~~53472645 0.~~96686847~~87453473 2053.~~19698026~~11996782 4-A2 0.00000000 2053.~~19698035~~11996768 ~~966~~874.~~86846944~~53472612 0.~~96686847~~87453473 2053.~~19698035~~11996768 4-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 5-A1 0.00000000 559.~~54927036~~36744563 ~~969~~882.~~76228147~~11602494 0.~~96976228~~88211602 559.~~54927036~~36744563 5-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 6-A1 0.00000000 013.~~56987466~~62942552 ~~998~~984.~~96089045~~69164933 0.~~99896089~~98469165 013.~~56987466~~62942552 B-1 0.00000000 0.~~27298230~~27982491 ~~999~~998.~~45595889~~89861321 0.~~99945596~~99889861 0.~~27298230~~27982491 B-1X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 0.00000000 0.~~27298307~~27982631 ~~999~~998.~~45595745~~89861485 0.~~99945596~~99889861 0.~~27298307~~27982631 B-3 0.00000000 0.~~27298329~~27982611 ~~999~~998.~~45595980~~89861337 0.~~99945596~~99889861 0.~~27298329~~27982611 B-4 0.00000000 0.~~27298233~~27982572 ~~999~~998.~~45595974~~89861316 0.~~99945596~~99889861 0.~~27298233~~27982572 B-5 0.00000000 0.~~27298353~~27982588 ~~999~~998.~~45595765~~89861176 0.~~99945596~~99889861 0.~~27298353~~27982588 B-6 0.00000000 0.~~27297958~~27982622 ~~999~~998.~~45597687~~89862734 0.~~99945598~~99889863 0.~~27297958~~27982622 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ALR 0.00000000 0.00000000 0.00000000 0.00000000 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-A1 27,935,000.00 2.~~85722~~85305% 27,~~918~~584,~~230~~297.8016 6665,~~473~~582.6876 0.00 0.00 2-A1 50,900,000.00 3.~~60370~~58571% 5048,~~185~~400,~~261~~591.9071 ~~150~~144,~~710~~625.3551 0.00 0.00 2-AX 0.00 2.24591% 5048,~~185~~400,~~261~~591.9071 9390,~~926~~586.2810 0.00 0.00 3-A1 13,690,000.00 5.~~14635~~13369% 1312,~~509~~844,~~239~~763.7679 5754,~~936~~950.0391 0.00 0.00 3-A2 86,874,000.00 4.~~53435~~52169% 8581,~~726~~510,~~931~~300.7118 ~~323~~307,~~929~~137.7422 0.00 0.00 3-A3 570,000.00 5.~~91619~~90354% ~~562~~534,~~473~~807.8355 2,~~773~~631.0805 0.00 0.00 3-AX 0.00 1.29853% 9994,~~236~~355,~~171~~063.4797 ~~107~~102,~~384~~102.2133 0.00 0.00 4-A1 18,644,000.00 6.~~21514~~21900% 1817,~~402~~295,~~848~~194.2411 9589,~~313~~632.5140 0.00 0.00 4-A2 34,961,000.00 4.~~97414~~97800% 3432,~~508~~431,~~795~~735.1875 ~~143~~134,~~042~~537.8776 0.00 0.00 4-AX 0.00 1.24100% 3432,~~508~~431,~~795~~735.1875 3533,~~687~~539.8582 0.00 0.00 5-A1 40,417,000.00 4.~~47379~~45952% 3938,~~419~~051,~~166~~937.9943 ~~146~~141,~~960~~410.98 0.00 0.00 5-AX 0.00 1.39791% 3938,~~419~~051,~~166~~937.9943 4544,~~920~~327.3159 0.00 0.00 6-A1 49,784,000.00 4.~~75392~~75400% 49,~~760~~700,~~639~~416.6139 ~~197~~196,~~131~~896.6630 0.00 0.00 B-1 15,763,000.00 4.~~46743~~45885% 15,~~758~~750,~~727~~049.3073 58,~~667~~522.5455 0.00 0.00 B-1X 0.00 1.03941% 15,~~758~~750,~~727~~049.3073 13,~~649~~642.8634 0.00 0.00 B-2 2,303,000.00 5.~~50685~~49826% 2,~~302~~301,~~375~~107.7594 10,~~565~~543.6941 0.00 0.00 B-3 4,428,000.00 5.~~50685~~49826% 4,~~426~~424,~~799~~362.7513 20,~~314~~271.7591 0.00 0.00 B-4 4,074,000.00 5.~~50685~~49826% 4,~~072~~070,~~895~~652.7196 18,~~690~~651.6726 0.00 0.00 B-5 2,125,000.00 5.~~50685~~49826% 2,~~124~~123,~~424~~254.0018 9,~~749~~728.0650 0.00 0.00 B-6 1,771,671.00 5.~~50685~~49826% 1,~~771~~770,~~190~~215.8049 8,~~128~~110.0692 0.00 0.00 AR 50.00 5.~~85261~~86581% 0.00 0.00 0.00 0.00 ALR 50.00 5.~~85261~~86581% 0.00 0.00 0.00 0.00 Totals 354,239,771.00 1,~~606~~547,~~956~~431.1862 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-A1 0.00 0.00 6665,~~473~~582.6876 0.00 2726,~~651~~950,~~263~~576.3751 2-A1 0.00 0.00 ~~150~~144,~~710~~625.3552 0.00 4947,~~194~~152,~~636~~507.8299 2-AX 0.00 0.00 9390,~~926~~586.2811 0.00 4947,~~194~~152,~~636~~507.8299 3-A1 0.00 0.00 5754,~~936~~950.0391 0.00 1312,~~218~~184,~~279~~929.5195 3-A2 (0.0001) 0.00 ~~323~~307,~~929~~137.7523 0.00 8377,~~880~~323,~~556~~126.1971 3-A3 0.00 0.00 2,~~773~~631.0805 0.00 ~~550~~507,~~359~~334.3456 3-AX 0.00 0.00 ~~107~~102,~~384~~102.2133 0.00 9789,~~098~~508,~~835~~056.7067 4-A1 0.00 0.00 9589,~~313~~632.5141 0.00 1816,~~026~~304,~~295~~825.7444 4-A2 0.00 0.00 ~~143~~134,~~042~~537.8777 0.00 3330,~~802~~574,~~688~~608.56 4-AX 0.00 0.00 3533,~~687~~539.8582 0.00 3330,~~802~~574,~~688~~608.56 5-A1 0.00 0.00 ~~146~~141,~~960~~410.9899 0.00 3935,~~194~~652,~~882~~483.1338 5-AX 0.00 0.00 4544,~~920~~327.3159 0.00 3935,~~194~~652,~~882~~483.1338 6-A1 (0.0001) 0.00 ~~197~~196,~~131~~896.6631 0.00 49,~~732~~021,~~268~~889.9707 B-1 0.00 0.00 58,~~667~~522.5455 0.00 15,~~754~~745,~~424~~638.2884 B-1X 0.00 0.00 13,~~649~~642.8634 0.00 15,~~754~~745,~~424~~638.2884 B-2 0.00 0.00 10,~~565~~543.6941 0.00 2,~~301~~300,~~747~~463.0751 B-3 0.00 0.00 20,~~314~~271.7591 0.00 4,~~425~~423,~~590~~123.9906 B-4 0.00 0.00 18,~~690~~651.6726 0.00 4,~~071~~069,~~783~~512.5895 B-5 0.00 0.00 9,~~749~~728.0650 0.00 2,~~123~~122,~~843~~659.9155 B-6 0.00 0.00 8,~~128~~110.0692 0.00 1,~~770~~769,~~707~~719.1773 AR 0.00 0.00 0.00 0.00 0.00 ALR 0.00 0.00 0.00 0.00 0.00 Totals (0.0002) 0.00 1,~~606~~547,~~956~~431.1969 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-A1 27,935,000.00 2.~~85722~~85305% ~~999~~987.~~39970646~~44575479 2.~~37958403~~34769143 0.00000000 0.00000000 2-A1 50,900,000.00 3.~~60370~~58571% ~~985~~950.~~95799411~~89571139 2.~~96091061~~84136562 0.00000000 0.00000000 2-AX 0.00 2.24591% ~~985~~950.~~95799411~~89571139 1.~~84531002~~77968762 0.00000000 0.00000000 3-A1 13,690,000.00 5.~~14635~~13369% ~~986~~938.~~79618408~~25885975 4.~~23199635~~01394522 0.00000000 0.00000000 3-A2 86,874,000.00 4.~~53435~~52169% ~~986~~938.~~79618424~~25885973 3.~~72873058~~53543316 0.00000000 0.00000000 3-A3 570,000.00 5.~~91619~~90354% ~~986~~938.~~79619298~~25885965 4.~~86505263~~61587719 0.00000000 0.00000000 3-AX 0.00 1.29853% ~~986~~938.~~79618422~~25885973 1.~~06781960~~01529702 0.00000000 0.00000000 4-A1 18,644,000.00 6.~~21514~~21900% ~~987~~927.~~06544947~~65469374 54.~~11228867~~80757348 0.00000000 0.00000000 4-A2 34,961,000.00 4.~~97414~~97800% ~~987~~927.~~06544950~~65469380 43.~~09149824~~84822402 0.00000000 0.00000000 4-AX 0.00 1.24100% ~~987~~927.~~06544950~~65469380 10.~~02079031~~95934956 0.00000000 0.00000000 5-A1 40,417,000.00 4.~~47379~~45952% ~~975~~941.~~31155182~~48347057 3.~~63611797~~49879952 0.00000000 0.00000000 5-AX 0.00 1.39791% ~~975~~941.~~31155182~~48347057 1.~~13616325~~09675607 0.00000000 0.00000000 6-A1 49,784,000.00 4.~~75392~~75400% ~~999~~998.~~53076511~~32107484 3.~~95973927~~95501165 0.00000000 0.00000000 B-1 15,763,000.00 4.~~46743~~45885% 999.~~72894119~~17843875 3.~~72185117~~71265305 0.00000000 0.00000000 B-1X 0.00 1.03941% 999.~~72894119~~17843875 0.~~86594303~~86546596 0.00000000 0.00000000 B-2 2,303,000.00 5.~~50685~~49826% 999.~~72894051~~17843682 4.~~58779418~~57811984 0.00000000 0.00000000 B-3 4,428,000.00 5.~~50685~~49826% 999.~~72894083~~17843948 4.~~58779359~~57811879 0.00000000 0.00000000 B-4 4,074,000.00 5.~~50685~~49826% 999.~~72894207~~17843888 4.~~58779332~~57811978 0.00000000 0.00000000 B-5 2,125,000.00 5.~~50685~~49826% 999.~~72894118~~17843765 4.~~58779294~~57811765 0.00000000 0.00000000 B-6 1,771,671.00 5.~~50685~~49826% 999.~~72895645~~17845356 4.~~58779311~~57811862 0.00000000 0.00000000 AR 50.00 5.~~85261~~86581% 0.00000000 0.00000000 0.00000000 0.00000000 ALR 50.00 5.~~85261~~86581% 0.00000000 0.00000000 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-A1 0.00000000 0.00000000 2.~~37958403~~34769143 0.00000000 ~~989~~964.~~84297011~~76021156 2-A1 0.00000000 0.00000000 2.~~96091061~~84136582 0.00000000 ~~966~~926.~~49581179~~37540255 2-AX 0.00000000 0.00000000 1.~~84531002~~77968782 0.00000000 ~~966~~926.~~49581179~~37540255 3-A1 0.00000000 0.00000000 4.~~23199635~~01394522 0.00000000 ~~965~~890.~~54269613~~06062454 3-A2 (0.~~00000000~~00000012) 0.00000000 3.~~72873069~~53543327 0.00000000 ~~965~~890.~~54269620~~06062470 3-A3 0.00000000 0.00000000 4.~~86505263~~61587719 0.00000000 ~~965~~890.~~54270175~~06063158 3-AX 0.00000000 0.00000000 1.~~06781960~~01529702 0.00000000 ~~965~~890.~~54269619~~06062478 4-A1 0.00000000 0.00000000 54.~~11228867~~80757402 0.00000000 ~~966~~874.~~86846921~~53472645 4-A2 0.00000000 0.00000000 43.~~09149824~~84822431 0.00000000 ~~966~~874.~~86846944~~53472612 4-AX 0.00000000 0.00000000 10.~~02079031~~95934956 0.00000000 ~~966~~874.~~86846944~~53472612 5-A1 0.00000000 0.00000000 3.~~63611797~~49879976 0.00000000 ~~969~~882.~~76228147~~11602494 5-AX 0.00000000 0.00000000 1.~~13616325~~09675607 0.00000000 ~~969~~882.~~76228147~~11602494 6-A1 (0.~~00000000~~00000020) 0.00000000 3.~~95973927~~95501185 0.00000000 ~~998~~984.~~96089045~~69164933 B-1 0.00000000 0.00000000 3.~~72185117~~71265305 0.00000000 ~~999~~998.~~45595889~~89861321 B-1X 0.00000000 0.00000000 0.~~86594303~~86546596 0.00000000 ~~999~~998.~~45595889~~89861321 B-2 0.00000000 0.00000000 4.~~58779418~~57811984 0.00000000 ~~999~~998.~~45595745~~89861485 B-3 0.00000000 0.00000000 4.~~58779359~~57811879 0.00000000 ~~999~~998.~~45595980~~89861337 B-4 0.00000000 0.00000000 4.~~58779332~~57811978 0.00000000 ~~999~~998.~~45595974~~89861316 B-5 0.00000000 0.00000000 4.~~58779294~~57811765 0.00000000 ~~999~~998.~~45595765~~89861176 B-6 0.00000000 0.00000000 4.~~58779311~~57811862 0.00000000 ~~999~~998.~~45597687~~89862734 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 3-AX-1 1.29853% 1312,~~509~~844,~~239~~763.7679 1312,~~218~~184,~~279~~929.5195 0.00 0.00 9689.~~55426961~~00606245% 3-AX-2 1.29853% 8581,~~726~~510,~~931~~300.7118 8377,~~880~~323,~~556~~126.1971 0.00 0.00 9689.~~55426962~~00606247%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 614,~~413~~306,~~011~~653.7909 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3418,~~167~~099.5973 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 614,~~447~~324,~~179~~752.3882 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 8987,~~549~~034.4844 Payment of Interest and Principal 614,~~357~~237,~~629~~718.9038 Total Withdrawals (Pool Distribution Amount) 614,~~447~~324,~~179~~752.3882 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8987,~~549~~034.4844 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8987,~~549~~034.4844

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 167 0 0 0 167 61,~~282~~637,~~742~~784.2212 0.00 0.00 0.00 61,~~282~~637,~~742~~784.2212 60 Days 13 0 0 0 13 ~~224~~769,~~000~~881.0079 0.00 0.00 0.00 ~~224~~769,~~000~~881.0079 90 Days 01 0 0 0 01 01,000,000.00 0.00 0.00 0.00 01,000,000.00 120 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 1711 0 0 0 1711 63,~~506~~407,~~742~~665.2291 0.00 0.00 0.00 63,~~506~~407,~~742~~665.2291 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 10.~~474654~~678295% 0.000000% 0.000000% 0.000000% 10.~~474654~~678295% 10.~~816905~~502100% 0.000000% 0.000000% 0.000000% 10.~~816905~~502100% 60 Days 0.~~092166~~290698% 0.000000% 0.000000% 0.000000% 0.~~092166~~290698% 0.~~064779~~236025% 0.000000% 0.000000% 0.000000% 0.~~064779~~236025% 90 Days 0.~~000000~~096899% 0.000000% 0.000000% 0.000000% 0.~~000000~~096899% 0.~~000000~~306572% 0.000000% 0.000000% 0.000000% 0.~~000000~~306572% 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 1.~~566820~~065891% 0.000000% 0.000000% 0.000000% 1.~~566820~~065891% 1.~~881683~~044697% 0.000000% 0.000000% 0.000000% 1.~~881683~~044697%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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 Group 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 40 0 0 0 40 ~~2,159,643~~0.7900 0.00 0.00 0.00 ~~2,159,643~~0.7900 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 0 0 0 01 01,000,000.00 0.00 0.00 0.00 01,000,000.00 120 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 41 0 0 0 41 21,~~159~~000,~~643~~000.7900 0.00 0.00 0.00 21,~~159~~000,~~643~~000.7900 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 30.~~636364~~000000% 0.000000% 0.000000% 0.000000% 30.~~636364~~000000% 40.~~000115~~000000% 0.000000% 0.000000% 0.000000% 40.~~000115~~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~~943396% 0.000000% 0.000000% 0.000000% 0.~~000000~~943396% 01.~~000000~~925187% 0.000000% 0.000000% 0.000000% 01.~~000000~~925187% 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 30.~~636364~~943396% 0.000000% 0.000000% 0.000000% 30.~~636364~~943396% 41.~~000115~~925187% 0.000000% 0.000000% 0.000000% 41.~~000115~~925187% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 32 0 0 0 32 1924,~~030,948~~800.3900 0.00 0.00 0.00 1924,~~030,948~~800.3900 60 Days 13 0 0 0 13 ~~224~~769,~~000~~881.0079 0.00 0.00 0.00 ~~224~~769,~~000~~881.0079 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 45 0 0 0 45 1,~~254~~694,~~948~~681.3979 0.00 0.00 0.00 1,~~254~~694,~~948~~681.3979 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~041667~~738007% 0.000000% 0.000000% 0.000000% 10.~~041667~~738007% 0.~~961845~~929021% 0.000000% 0.000000% 0.000000% 0.~~961845~~929021% 60 Days 01.~~347222~~107011% 0.000000% 0.000000% 0.000000% 01.~~347222~~107011% 0.~~208985~~773395% 0.000000% 0.000000% 0.000000% 0.~~208985~~773395% 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 1.~~388889~~845018% 0.000000% 0.000000% 0.000000% 1.~~388889~~845018% 1.~~170830~~702416% 0.000000% 0.000000% 0.000000% 1.~~170830~~702416% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 54 0 0 0 54 ~~942~~508,~~150~~221.5073 0.00 0.00 0.00 ~~942~~508,~~150~~221.5073 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 54 0 0 0 54 ~~942~~508,~~150~~221.5073 0.00 0.00 0.00 ~~942~~508,~~150~~221.5073 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~519757~~302932% 0.000000% 0.000000% 0.000000% 1.~~519757~~302932% 10.~~655597~~978417% 0.000000% 0.000000% 0.000000% 10.~~655597~~978417% 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 1.~~519757~~302932% 0.000000% 0.000000% 0.000000% 1.~~519757~~302932% 10.~~655597~~978417% 0.000000% 0.000000% 0.000000% 10.~~655597~~978417% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 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 40 0 0 0 40 ~~2,149,999~~0.5400 0.00 0.00 0.00 ~~2,149,999~~0.5400 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 40 0 0 0 40 ~~2,149,999~~0.5400 0.00 0.00 0.00 ~~2,149,999~~0.5400 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 40.~~395604~~000000% 0.000000% 0.000000% 0.000000% 40.~~395604~~000000% 50.~~000280~~000000% 0.000000% 0.000000% 0.000000% 50.~~000280~~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 40.~~395604~~000000% 0.000000% 0.000000% 0.000000% 40.~~395604~~000000% 50.~~000280~~000000% 0.000000% 0.000000% 0.000000% 50.~~000280~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 6 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 01 0 0 0 01 0204,762.0039 0.00 0.00 0.00 0204,762.0039 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 01 0 0 0 01 0204,762.0039 0.00 0.00 0.00 0204,762.0039 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~709220% 0.000000% 0.000000% 0.000000% 0.~~000000~~709220% 0.~~000000~~381164% 0.000000% 0.000000% 0.000000% 0.~~000000~~381164% 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~~709220% 0.000000% 0.000000% 0.000000% 0.~~000000~~709220% 0.~~000000~~381164% 0.000000% 0.000000% 0.000000% 0.~~000000~~381164%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3418,~~167~~099.5973

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 150,000.00 0.04234420% 150,000.00 0.~~04339031~~04599768% Fraud 10,627,193.00 2.99999996% 10,627,193.00 3.~~07411445~~25884152% Special Hazard 3,542,398.00 1.00000008% 3,542,398.00 1.~~02470491~~08628061% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~809122~~789244% Weighted Average Net Coupon 5.~~502489~~480970% Weighted Average Pass-Through Rate 5.~~502489~~480970% Weighted Average Maturity(Stepdown Calculation ) ~~357~~355 Beginning Scheduled Collateral Loan Count 1,~~099~~065 Number Of Loans Paid In Full 1433 Ending Scheduled Collateral Loan Count 1,~~085~~032 Beginning Scheduled Collateral Balance ~~350~~338,~~450~~793,~~001~~686.6379 Ending Scheduled Collateral Balance ~~345~~326,~~699~~103,~~327~~400.9212 Ending Actual Collateral Balance at 2930-~~Feb~~Apr-2004 ~~345~~326,~~793~~187,~~663~~127.8966 Monthly P &I Constant 1,~~792~~727,~~080~~740.3942 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~345~~326,~~699~~103,~~327~~400.9212 Scheduled Principal 9593,~~574~~274.7432 Unscheduled Principal 412,~~655~~597,~~098~~012.9735

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.~~232216~~228048 6.~~104965~~087155 6.~~185608~~173421 Weighted Average Net Rate 2.~~857216~~853048 5.~~849605~~831622 5.~~916189~~903536 Weighted Average Maturity ~~357~~355 ~~358~~356 ~~357~~355 Beginning Loan Count ~~126~~125 ~~111~~108 ~~292~~282 Loans Paid In Full 12 12 411 Ending Loan Count ~~125~~123 ~~110~~106 ~~288~~271 Beginning Scheduled Balance 30,~~547~~213,~~069~~122.9951 5453,~~973~~187,~~803~~513.4251 ~~109~~104,~~311~~397,~~956~~832.1200 Ending scheduled Balance 3029,~~280~~579,~~101~~387.3112 5351,~~982~~938,~~378~~627.0880 ~~107~~99,~~159~~520,~~865~~586.1226 Record Date 0204/2930/2004 0204/2930/2004 0204/2930/2004 Principal And Interest Constant 8281,~~293~~443.5495 ~~288~~278,~~864~~711.8352 ~~593~~567,~~810~~441.6012 Scheduled Principal 14169.6045 98,~~187~~910.1998 30,~~343~~364.2166 Unscheduled Principal ~~266~~633,~~954~~565.0894 ~~982~~1,~~238~~239,974.1573 24,~~121~~846,~~747~~881.7908 Scheduled Interest 8281,~~278~~274.9450 ~~279~~269,~~677~~800.6454 ~~563~~537,~~467~~076.3946 Servicing Fees 9,~~545~~441.9559 11,~~698~~325.4499 2423,~~542~~479.2145 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 0.00 0.00 0.00 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 7271,~~732~~832.9991 ~~267~~258,~~979~~474.2055 ~~538~~513,~~925~~597.1801 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 2.~~857216~~853048 5.~~849605~~831622 5.~~916189~~903536

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~465136~~469004 6.~~121700~~107423 5.~~253918~~253996 Weighted Average Net Rate 6.~~215136~~219004 5.~~871700~~857423 4.~~753918~~753996 Weighted Average Maturity ~~357~~355 ~~358~~ 356 354 Beginning Loan Count ~~336~~319 9289 142 Loans Paid In Full 712 5 1 0 Ending Loan Count ~~329~~307 9184 ~~142~~141 Beginning Scheduled Balance 5754,~~950~~756,~~863~~697.1584 4341,~~221~~854,~~688~~124.8202 54,~~444~~384,~~620~~396.1391 Ending scheduled Balance 5651,~~863~~904,~~493~~436.5565 4239,~~997~~454,~~240~~492.3770 5453,~~416~~705,~~249~~869.4959 Record Date 0204/2930/2004 0204/2930/2004 0204/2930/2004 Principal And Interest Constant ~~366~~347,~~387~~062.1228 ~~222~~214,~~351~~968.3373 238,~~372~~112.9782 Scheduled Principal 5451,~~170~~877.2786 1,~~859~~951.4737 0.00 Unscheduled Principal 12,~~033~~800,~~199~~383.33 ~~222~~2,~~588~~397,679.9895 28678,~~370~~527.6432 Scheduled Interest ~~312~~295,~~216~~184.8542 ~~220~~213,~~491~~017.8636 238,~~372~~112.9782 Servicing Fees 1211,~~073~~407.1065 98,~~004~~719.5260 22,~~685~~660.2616 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 0.00 0.00 0.00 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 ~~300~~283,~~143~~776.7577 ~~211~~204,~~487~~297.3476 215,~~687~~452.7166 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 6.~~215136~~219004 5.~~871700~~857423 4.~~753918~~753996

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.~~809122~~789244 Weighted Average Net Rate 5.~~502489~~480970 Weighted Average Maturity ~~357~~355.00 Record Date 0204/2930/2004 Principal And Interest Constant 1,~~792~~727,~~080~~740.3942 Beginning Loan Count 1,~~099~~065 Loans Paid In Full 1433 Ending Loan Count 1,~~085~~032 Beginning Scheduled Balance ~~350~~338,~~450~~793,~~001~~686.6379 Ending Scheduled Balance ~~345~~326,~~699~~103,~~327~~400.9212 Scheduled Principal 9593,~~574~~274.7432 Unscheduled Principal 412,~~655~~597,~~098~~012.9735 Scheduled Interest 1,~~696~~634,~~505~~466.6510 Servicing Fee 8987,~~549~~034.4844 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~606~~547,~~956~~431.1766 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 5.~~502489~~480970

Miscellaneous Reporting Group Group 1 Senior % 91.~~394136~~299061% Senior Prepayment % 100.000000% Subordinate % 8.~~605864~~700939% Group Group 2 Senior % 9190.~~289412~~999914% Senior Prepayment % 100.000000% Subordinate % 89.~~710588~~000086% Group Group 3 Senior % 9190.~~297099~~892569% Senior Prepayment % 100.000000% Subordinate % 89.~~702901~~107431%

Miscellaneous Reporting Group Group 4 Senior % 9190.~~304323~~814333% Senior Prepayment % 100.000000% Subordinate % 89.~~695677~~185667% Group Group 5 Senior % 9190.~~202283~~915623% Senior Prepayment % 100.000000% Subordinate % 89.~~797717~~084377% Group Group 6 Senior % 91.~~396798~~387271% Senior Prepayment % 100.000000% Subordinate % 8.~~603202~~612729%

Filing Compare · MASTR ADJUSTABLE RATE MORTGAGES TRUST 2004-1