8-K 1 dms04002.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 DEUTSCHE MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-100675-04 54-2144759 Pooling and Servicing Agreement) (Commission 54-2144760 (State or other File Number) 54-2144761 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 DEUTSCHE MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2004-2 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 2004-2 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. DEUTSCHE MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2004-2 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 2004-2 Trust, relating to the May 25, 2004 distribution. EX-99.1

Deutsche Mortgage Securities Mortgage Pass-Through Certificates Record Date: 24/2930/~~2004~~04 Distribution Date: 35/25/~~2004~~04 DMS Series: 2004-2 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 A-1 251563DG4 SEN 1.~~26000~~27000% 9385,~~411~~378,~~000~~606.0047 8887,~~273~~347.3906 17,~~413~~965,~~295~~246.9760 A-2 251563DH2 SEN 3.08000% 28,400,000.00 72,893.33 0.00 A-3 251563DJ8 SEN 3.78000% 48,719,000.00 153,464.85 0.00 A-4 251563DK5 SEN 4.87000% 35,735,000.00 145,024.54 0.00 A-5 251563DL3 SEN 5.66000% 23,878,000.00 112,624.5657 0.00 A-6 251563DM1 SEN 4.68000% 27,236,000.00 106,220.40 0.00 A-IO 251563DN9 SEN 4.50000% 0.00 127,668.75 0.00 M-1 251563DP4 SUB 5.09000% 7,217,000.00 30,612.11 0.00 M-2 251563DQ2 SUB 5.54000% 4,766,000.00 22,003.03 0.00 M-3 251563DR0 SUB 6.15000% 2,043,000.00 10,470.37 0.00 CE DMS0402CR SUB 0.00000% 953,~~120~~253.00 ~~683~~636,~~997~~653.0062 ~~(133~~0.00) P DMS0402SP SEN 0.00000% 100.00 015,313.0079 0.00 R DMS0402R1 SEN 0.00000% 0.00 0.00 0.00 Totals ~~272~~264,~~358~~325,~~220~~959.0047 1,~~553~~520,~~252~~296.3342 17,~~413~~965,~~162~~246.9760

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 9177,~~997~~413,~~704~~359.0387 18,~~501~~052,~~569~~593.3666 0.00 A-2 0.00 28,400,000.00 72,893.33 0.00 A-3 0.00 48,719,000.00 153,464.85 0.00 A-4 0.00 35,735,000.00 145,024.54 0.00 A-5 0.00 23,878,000.00 112,624.5657 0.00 A-6 0.00 27,236,000.00 106,220.40 0.00 A-IO 0.00 0.00 127,668.75 0.00 M-1 0.00 7,217,000.00 30,612.11 0.00 M-2 0.00 4,766,000.00 22,003.03 0.00 M-3 0.00 2,043,000.00 10,470.37 0.00 CE 0.00 953,253.00 ~~683~~636,~~864~~653.0062 0.00 P 0.00 100.00 015,313.0079 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~270~~256,~~945~~360,~~057~~712.0387 29,~~966~~485,~~415~~543.3002 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) A-1 93,411,000.00 9385,~~411~~378,~~000~~606.0047 0.00 17,~~413~~965,~~295~~246.9760 0.00 0.00 A-2 28,400,000.00 28,400,000.00 0.00 0.00 0.00 0.00 A-3 48,719,000.00 48,719,000.00 0.00 0.00 0.00 0.00 A-4 35,735,000.00 35,735,000.00 0.00 0.00 0.00 0.00 A-5 23,878,000.00 23,878,000.00 0.00 0.00 0.00 0.00 A-6 27,236,000.00 27,236,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 7,217,000.00 7,217,000.00 0.00 0.00 0.00 0.00 M-2 4,766,000.00 4,766,000.00 0.00 0.00 0.00 0.00 M-3 2,043,000.00 2,043,000.00 0.00 0.00 0.00 0.00 CE 953,120.00 953,~~120~~253.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 272,358,220.00 ~~272~~264,~~358~~325,~~220~~959.0047 0.00 17,~~413~~965,~~295~~246.9760 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 A-1 17,~~413~~965,~~295~~246.9760 9177,~~997~~413,~~704~~359.0387 0.~~98487013~~82873923 17,~~413~~965,~~295~~246.9760 A-2 0.00 28,400,000.00 1.00000000 0.00 A-3 0.00 48,719,000.00 1.00000000 0.00 A-4 0.00 35,735,000.00 1.00000000 0.00 A-5 0.00 23,878,000.00 1.00000000 0.00 A-6 0.00 27,236,000.00 1.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 7,217,000.00 1.00000000 0.00 M-2 0.00 4,766,000.00 1.00000000 0.00 M-3 0.00 2,043,000.00 1.00000000 0.00 CE ~~(133~~0.00) 953,253.00 1.00013954 ~~(133~~0.00) P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 17,~~413~~965,~~162~~246.9760 ~~270~~256,~~945~~360,~~057~~712.0387 0.~~99481138~~94126299 17,~~413~~965,~~162~~246.9760

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 93,411,000.00 ~~1000~~914.~~00000000~~01019655 0.00000000 1585.~~12986661~~27097023 0.00000000 A-2 28,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 48,719,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 35,735,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-5 23,878,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-6 27,236,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 7,217,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 4,766,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 2,043,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 953,120.00 1000.~~00000000~~13954172 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 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 A-1 0.00000000 1585.~~12986661~~27097023 ~~984~~828.~~87013339~~73922632 0.~~98487013~~82873923 1585.~~12986661~~27097023 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 (0.~~13954172)~~00000000 1,000.13954172 1.00013954 (0.~~13954172)~~00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 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 A-1 93,411,000.00 1.~~26000~~27000% 9385,~~411~~378,~~000~~606.0047 8887,~~273~~347.4006 0.00 0.00 A-2 28,400,000.00 3.08000% 28,400,000.00 72,893.33 0.00 0.00 A-3 48,719,000.00 3.78000% 48,719,000.00 153,464.85 0.00 0.00 A-4 35,735,000.00 4.87000% 35,735,000.00 145,024.54 0.00 0.00 A-5 23,878,000.00 5.66000% 23,878,000.00 112,624.57 0.00 0.00 A-6 27,236,000.00 4.68000% 27,236,000.00 106,220.40 0.00 0.00 A-IO 0.00 4.50000% 34,045,000.00 127,668.75 0.00 0.00 M-1 7,217,000.00 5.09000% 7,217,000.00 30,612.11 0.00 0.00 M-2 4,766,000.00 5.54000% 4,766,000.00 22,003.03 0.00 0.00 M-3 2,043,000.00 6.15000% 2,043,000.00 10,470.38 0.00 0.00 CE 953,120.00 0.00000% 953,~~120~~253.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 272,358,220.00 ~~869~~868,~~255~~329.3602 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 A-1 0.00 0.00 8887,~~273~~347.3906 0.00 9177,~~997~~413,~~704~~359.0387 A-2 0.00 0.00 72,893.33 0.00 28,400,000.00 A-3 0.00 0.00 153,464.85 0.00 48,719,000.00 A-4 0.00 0.00 145,024.54 0.00 35,735,000.00 A-5 0.00 0.00 112,624.5657 0.00 23,878,000.00 A-6 0.00 0.00 106,220.40 0.00 27,236,000.00 A-IO 0.00 0.00 127,668.75 0.00 34,045,000.00 M-1 0.00 0.00 30,612.11 0.00 7,217,000.00 M-2 0.00 0.00 22,003.03 0.00 4,766,000.00 M-3 0.00 0.00 10,470.37 0.00 2,043,000.00 CE 0.00 0.00 ~~683~~636,~~997~~653.0062 0.00 953,253.00 P 0.00 0.00 015,313.0079 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~553~~520,~~252~~296.3342 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 A-1 93,411,000.00 1.~~26000~~27000% ~~1000~~914.~~00000000~~01019655 0.~~94500005~~93508323 0.00000000 0.00000000 A-2 28,400,000.00 3.08000% 1000.00000000 2.56666655 0.00000000 0.00000000 A-3 48,719,000.00 3.78000% 1000.00000000 3.15000000 0.00000000 0.00000000 A-4 35,735,000.00 4.87000% 1000.00000000 4.05833329 0.00000000 0.00000000 A-5 23,878,000.00 5.66000% 1000.00000000 4.71666681 0.00000000 0.00000000 A-6 27,236,000.00 4.68000% 1000.00000000 3.90000000 0.00000000 0.00000000 A-IO 0.00 4.50000% 1000.00000000 3.75000000 0.00000000 0.00000000 M-1 7,217,000.00 5.09000% 1000.00000000 4.24166690 0.00000000 0.00000000 M-2 4,766,000.00 5.54000% 1000.00000000 4.61666597 0.00000000 0.00000000 M-3 2,043,000.00 6.15000% 1000.00000000 5.12500245 0.00000000 0.00000000 CE 953,120.00 0.00000% 1000.~~00000000~~13954172 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 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 A-1 0.00000000 0.00000000 0.~~94499995~~93508323 0.00000000 ~~984~~828.~~87013339~~73922632 A-2 0.00000000 0.00000000 2.56666655 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 3.15000000 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 4.05833329 0.00000000 1000.00000000 A-5 0.00000000 0.00000000 4.~~71666639~~71666681 0.00000000 1000.00000000 A-6 0.00000000 0.00000000 3.90000000 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 3.75000000 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 4.24166690 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 4.61666597 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 5.12499755 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~717~~667.~~63996139~~96795786 0.00000000 1000.13954172 P 0.00000000 0.00000000 0153137.~~00000000~~90000000 0.00000000 1000.00000000 R 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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 39,~~011~~513,~~474~~213.3772 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1929,~~281~~613.1735 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 015,313.0079 Total Deposits 39,~~030~~558,~~755~~140.5486 Withdrawals Reimbursement for Servicer Advances 010,116.0044 Payment of Service Fee 6462,~~340~~481.2440 Payment of Interest and Principal 29,~~966~~485,~~415~~543.3002 Total Withdrawals (Pool Distribution Amount) 39,~~030~~558,~~755~~140.5486 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5655,~~741~~067.2890 Credit Risk Manager Fee: The Murrayhill Company 2,~~269~~202.6672 Master Servicing Fee: Wells Fargo 3,~~971~~854.8875 MGIC ~~475~~474.0661 Radian ~~882~~881.3642 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6462,~~340~~481.2440

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.0042 0.0042 1,000.00

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 113 0 03 0 116 ~~160~~2,~~467~~743,471.4864 0.00 0551,973.0001 0.00 ~~160~~3,~~467~~295,444.4865 60 Days 03 0 0 0 03 01,141,951.0039 0.00 0.00 0.00 01,141,951.0039 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 116 0 03 0 119 ~~160~~3,~~467~~885,423.4803 0.00 0551,973.0001 0.00 ~~160~~4,~~467~~437,396.4804 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 0.~~073584~~994644% 0.000000% 0.~~000000~~229533% 0.000000% 01.~~073584~~224178% 01.~~059178~~069286% 0.000000% 0.~~000000~~215135% 0.000000% 01.~~059178~~284421% 60 Days 0.~~000000~~229533% 0.000000% 0.000000% 0.000000% 0.~~000000~~229533% 0.~~000000~~445083% 0.000000% 0.000000% 0.000000% 0.~~000000~~445083% 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 01.~~073584~~224178% 0.000000% 0.~~000000~~229533% 0.000000% 01.~~073584~~453711% 01.~~059178~~514369% 0.000000% 0.~~000000~~215135% 0.000000% 01.~~059178~~729504%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1929,~~281~~613.1735

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 7.~~127052~~116047% Weighted Average Net Coupon 6.~~877052~~866047% Weighted Average Pass-Through Rate 6.~~843571~~832390% Weighted Average Maturity(Stepdown Calculation ) ~~336~~334 Beginning Scheduled Collateral Loan Count 1,~~366~~335 Number Of Loans Paid In Full 728 Ending Scheduled Collateral Loan Count 1,~~359~~307 Beginning Scheduled Collateral Balance ~~272~~264,~~358~~325,~~220~~959.0047 Ending Scheduled Collateral Balance ~~270~~256,~~945~~360,~~057~~712.0387 Ending Actual Collateral Balance at 2930-~~Feb~~Apr-2004 ~~271~~256,~~158~~570,~~620~~507.5400 Monthly P &I Constant 1,~~869~~816,~~275~~563.7484 Special Servicing Fee 0.00 Prepayment Penalties 015,313.0079 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~270~~256,~~945~~360,~~057~~712.0387 Scheduled Principal ~~251~~249,~~683~~100.1162 Unscheduled Principal 17,~~161~~716,~~479~~145.8398 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~133~~0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 953,253.00 Overcollateralized Amount 953,253.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~133~~0.00 Excess Cash Amount ~~683~~636,~~864~~653.0321

Filing Compare · DEUTSCHE MORT SEC INC MORTGAGE LOAN TRUST SERIES 2004 2