8-K 1 sam04ar5_oct.txt OCT. 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): October 19, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2004-AR5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115122-17 54-2160285 Pooling and Servicing Agreement) (Commission 54-2160286 (State or other File Number) 54-6636581 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) 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 under the Exchange Act (17 CFR 240.14a-12) [ ] 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 On October 19, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., Mortgage Pass-Through Certificates, Series 2004-AR5 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-AR5 Trust, relating to the October 19, 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. STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2004-AR5 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 10/22/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-AR5 Trust, relating to the October 19, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments IIInc. Mortgage Pass-Through Certificates Record Date: 89/3130/~~2004~~04 Distribution Date: 910/2019/~~2004~~04 SAM Series: 2004-AR5 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 I-A-1 86359LDX4 SEN 12.~~97000~~14125% ~~802~~797,~~060~~288,~~000~~200.0048 ~~833~~1,~~919~~422,661.6113 49,~~771~~546,~~799~~423.5275 I-A-2 86359LDY2 SEN 4.~~01400~~02243% 9392,~~315~~134,~~100~~082.0025 ~~312~~308,~~139~~835.0188 1331,~~181,017~~378.7550 II-A-1 86359LDZ9 SEN 23.~~83700~~58983% 48,~~444~~402,~~600~~511.0096 ~~114~~144,~~531~~797.11 422,~~088~~424,220.0456 II-A-2 86359LEA3 SEN 13.~~53400~~58736% 106,~~746~~527,~~100~~914.0019 ~~136~~318,~~457~~461.1046 ~~218~~432,~~185~~138.8138 II-A-3 86359LEB1 SEN 13.~~91500~~82030% 107,~~957~~263,~~100~~652.0020 ~~172~~341,~~281~~482.5458 ~~693~~35,~~447~~519.8030 I-M 86359LEG0 MEZ 2.~~09000~~26125% 30,~~657~~656,~~400~~172.0057 3357,~~816~~767.8273 ~~1,227~~805.4357 I-B-1 86359LEH8 SUB 2.~~24000~~41125% 15,571,~~800~~176.0055 1831,~~409~~288.33 ~~623~~409.4517 I-B-2 86359LEJ4 SUB 23.~~84000~~01125% 11,~~192~~191,~~200~~751.0090 1628,~~775~~084.8630 ~~448~~294.1009 I-B-3 86359LEK1 SUB 3.~~14000~~31125% 7,785,~~900~~588.0028 1221,~~902~~483.9736 ~~311~~204.7259 I-B-4 86359LEP0 SUB 3.~~26500~~35350% 3,892,~~900~~744.0014 10,~~591~~878.9361 ~~155~~102.8629 I-B-5 86359LEQ8 SUB 3.~~26500~~35350% 2,433,~~100~~002.0059 6,~~620~~799.0624 9763.4193 I-B-6 86359LER6 SUB 3.~~26500~~35350% 6,~~326~~325,~~141~~887.0072 17,~~212~~678.3824 ~~253~~166.2823 II-B-1 86359LEL9 SUB 13.~~93000~~68313% 4,~~888~~883,~~700~~722.0013 714,~~862~~989.6648 ~~4,977~~875.8727 II-B-2 86359LEM7 SUB 13.~~93000~~68313% 3,~~771~~767,~~300~~459.0091 611,~~065~~563.5136 ~~3,840~~675.0921 II-B-3 86359LEN5 SUB 13.~~93000~~68313% 2,~~793~~790,~~500~~655.0054 48,~~492~~565.8828 ~~2,844~~500.4615 II-B-4 86359LES4 SUB 13.~~93000~~68313% 2,~~793~~790,~~400~~555.0065 48,~~492~~564.7298 ~~2,844~~500.3513 II-B-5 86359LET2 SUB 13.~~93000~~68313% 1,~~117~~116,~~400~~262.0022 13,~~797~~426.1511 ~~1,137~~200.7806 II-B-6 86359LEU9 SUB 13.~~93000~~68313% ~~838~~837,~~236~~382.0047 12,~~348~~570.16 ~~853~~150.5354 I-X 86359LEC9 SEN 1.~~24354~~10931% 0.00 1797,~~428,948~~309.1701 0.00 R-I 86359LED7 SEN 0.00000% 500.00 0.00 500.00 R-II 86359LEE5 SEN 0.00000% 500.00 0.00 500.00 R-III 86359LEF2 SEN 0.00000% 500.00 ~~162,521~~23.6789 500.00 Totals 1,~~252~~245,~~585~~658,~~027~~722.0075 3,~~303~~557,~~186~~230.6424 612,~~926~~774,~~304~~627.2572

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~797~~787,~~288~~741,~~200~~776.4873 510,~~605~~969,~~719~~084.1388 0.00 I-A-2 0.00 9291,~~134~~802,~~082~~703.2575 1640,~~493,156~~214.7638 0.00 II-A-1 0.00 4845,~~402~~978,~~511~~291.9640 ~~156~~2,~~619~~569,017.1567 0.00 II-A-2 0.00 106,~~527~~095,~~914~~775.1981 ~~354~~750,~~642~~599.9184 0.00 II-A-3 0.00 107,~~263~~228,~~652~~132.2090 ~~865~~377,~~729~~001.3488 0.00 I-M 0.00 30,~~656~~655,~~172~~367.5700 3558,~~044~~573.2530 0.00 I-B-1 0.00 15,~~571~~570,~~176~~767.5538 1931,~~032~~697.7850 0.00 I-B-2 0.00 11,191,~~751~~457.9081 1728,~~223~~378.9639 0.00 I-B-3 0.00 7,785,~~588~~383.2869 1321,~~214~~687.6995 0.00 I-B-4 0.00 3,892,~~744~~641.1485 10,~~747~~980.7990 0.00 I-B-5 0.00 2,~~433~~432,~~002~~938.5965 6,~~717~~863.4717 0.00 I-B-6 0.00 6,325,~~887~~721.7249 17,~~465~~844.6647 0.00 II-B-1 0.00 4,~~883~~882,~~722~~846.1385 1215,~~840~~864.5375 0.00 II-B-2 0.00 3,~~767~~766,~~459~~784.9169 912,~~905~~238.6057 0.00 II-B-3 0.00 2,790,~~655~~155.5440 79,~~337~~065.3443 0.00 II-B-4 0.00 2,790,~~555~~055.6552 79,~~337~~065.0711 0.00 II-B-5 0.00 1,116,~~262~~062.2216 23,~~934~~626.9317 0.00 II-B-6 0.00 837,~~382~~231.4793 2,~~201~~720.6970 0.00 I-X 0.00 0.00 1797,~~428,948~~309.1701 0.00 R-I 0.00 0.00 500.00 0.00 R-II 0.00 0.00 500.00 0.00 R-III 0.00 0.00 ~~162,571~~23.6789 0.00 Totals 0.00 1,~~245~~232,~~658~~884,~~722~~095.7501 1016,~~229~~331,~~490~~857.8996 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) I-A-1 802,060,000.00 ~~802~~797,~~060~~288,~~000~~200.0048 ~~10,066~~0.4693 49,~~761~~546,~~733~~422.0682 0.00 0.00 I-A-2 93,315,100.00 9392,~~315~~134,~~100~~082.00 25 23,~~781~~235.8006 1308,~~155,235~~143.9544 0.00 0.00 II-A-1 48,444,600.00 48,~~444~~402,~~600~~511.0096 3928,~~329~~528.8543 2,~~758~~395,692.1913 0.00 0.00 II-A-2 106,746,100.00 106,~~746~~527,~~100~~914.0019 ~~185~~18,~~052~~386.7663 33413,~~133~~751.0575 0.00 0.00 II-A-3 107,957,100.00 107,~~957~~263,~~100~~652.0020 ~~43,565~~190.5416 ~~649~~35,~~882~~329.2614 0.00 0.00 I-M 30,657,400.00 30,~~657~~656,~~400~~172.0057 ~~1,227~~805.4357 0.00 0.00 0.00 I-B-1 15,571,800.00 15,571,~~800~~176.0055 ~~623~~409.4517 0.00 0.00 0.00 I-B-2 11,192,200.00 11,~~192~~191,~~200~~751.0090 ~~448~~294.1009 0.00 0.00 0.00 I-B-3 7,785,900.00 7,785,~~900~~588.0028 ~~311~~204.7259 0.00 0.00 0.00 I-B-4 3,892,900.00 3,892,~~900~~744.0014 ~~155~~102.8629 0.00 0.00 0.00 I-B-5 2,433,100.00 2,433,~~100~~002.0059 9763.4193 0.00 0.00 0.00 I-B-6 6,326,141.00 6,~~326~~325,~~141~~887.0072 ~~253~~166.2823 0.00 0.00 0.00 II-B-1 4,888,700.00 4,~~888~~883,~~700~~722.0013 ~~4,977~~875.8727 0.00 0.00 0.00 II-B-2 3,771,300.00 3,~~771~~767,~~300~~459.0091 ~~3,840~~675.0921 0.00 0.00 0.00 II-B-3 2,793,500.00 2,~~793~~790,~~500~~655.0054 ~~2,844~~500.4615 0.00 0.00 0.00 II-B-4 2,793,400.00 2,~~793~~790,~~400~~555.0065 ~~2,844~~500.3513 0.00 0.00 0.00 II-B-5 1,117,400.00 1,~~117~~116,~~400~~262.0022 ~~1,137~~200.7806 0.00 0.00 0.00 II-B-6 838,236.00 ~~838~~837,~~236~~382.0047 ~~853~~150.5354 0.00 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 500.00 0.00 500.00 0.00 0.00 R-II 50.00 500.00 0.00 500.00 0.00 0.00 R-III 50.00 500.00 0.00 500.00 0.00 0.00 Totals 1,252,585,027.00 1,~~252~~245,~~585~~658,~~027~~722.0075 ~~323~~75,~~411~~288.7444 612,~~602~~699,~~892~~339.5128 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 I-A-1 49,~~771~~546,~~799~~423.5275 ~~797~~787,~~288~~741,~~200~~776.4873 0.~~99405057~~98214819 49,~~771~~546,~~799~~423.5275 I-A-2 1331,~~181,017~~378.7550 9291,~~134~~802,~~082~~703.2575 0.~~98734377~~98379259 1331,~~181,017~~378.7550 II-A-1 422,~~088~~424,220.0456 4845,~~402~~978,~~511~~291.9640 0.~~99913121~~94909012 422,~~088~~424,220.0456 II-A-2 ~~218~~432,~~185~~138.8138 106,~~527~~095,~~914~~775.1981 0.~~99795603~~99390775 ~~218~~432,~~185~~138.8138 II-A-3 ~~693~~35,~~447~~519.8030 107,~~263~~228,~~652~~132.2090 0.~~99357664~~99324762 ~~693~~35,~~447~~519.8030 I-M ~~1,227~~805.4357 30,~~656~~655,~~172~~367.5700 0.~~99995996~~99993369 ~~1,227~~805.4357 I-B-1 ~~623~~409.4517 15,~~571~~570,~~176~~767.5538 0.~~99995996~~99993369 ~~623~~409.4517 I-B-2 ~~448~~294.1009 11,191,~~751~~457.9081 0.~~99995996~~99993369 ~~448~~294.1009 I-B-3 ~~311~~204.7259 7,785,~~588~~383.2869 0.~~99995996~~99993369 ~~311~~204.7259 I-B-4 ~~155~~102.8629 3,892,~~744~~641.1485 0.~~99995996~~99993369 ~~155~~102.8629 I-B-5 9763.4193 2,~~433~~432,~~002~~938.5965 0.~~99995996~~99993369 9763.4193 I-B-6 ~~253~~166.2823 6,325,~~887~~721.7249 0.~~99995996~~99993369 ~~253~~166.2823 II-B-1 ~~4,977~~875.8727 4,~~883~~882,~~722~~846.1385 0.~~99898176~~99880272 ~~4,977~~875.8727 II-B-2 ~~3,840~~675.0921 3,~~767~~766,~~459~~784.9169 0.~~99898176~~99880272 ~~3,840~~675.0921 II-B-3 ~~2,844~~500.4615 2,790,~~655~~155.5440 0.~~99898176~~99880272 ~~2,844~~500.4615 II-B-4 ~~2,844~~500.3513 2,790,~~555~~055.6552 0.~~99898176~~99880272 ~~2,844~~500.3513 II-B-5 ~~1,137~~200.7806 1,116,~~262~~062.2216 0.~~99898176~~99880272 ~~1,137~~200.7806 II-B-6 ~~853~~150.5354 837,~~382~~231.4793 0.~~99898175~~99880216 ~~853~~150.5354 I-X 0.00 0.00 0.00000000 0.00 R-I 500.00 0.00 0.00000000 500.00 R-II 500.00 0.00 0.00000000 500.00 R-III 500.00 0.00 0.00000000 500.00 Totals 612,~~926~~774,~~304~~627.2572 1,~~245~~232,~~658~~884,~~722~~095.7501 0.~~99447039~~98427178 612,~~926~~774,~~304~~627.2572

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 802,060,000.00 ~~1000~~994.~~00000000~~05057038 0.~~01255076~~00000116 511.~~93687886~~90237990 0.00000000 I-A-2 93,315,100.00 ~~1000~~987.~~00000000~~34376591 0.~~27628755~~24899571 123.~~37994655~~30218196 0.00000000 II-A-1 48,444,600.00 ~~1000~~999.~~00000000~~13121297 0.~~81185209~~58888772 049.~~05693493~~45220169 0.00000000 II-A-2 106,746,100.00 ~~1000~~997.~~00000000~~95603015 10.~~73357865~~17224639 03.~~31039120~~87603622 0.00000000 II-A-3 107,957,100.00 ~~1000~~993.~~00000000~~57663553 0.~~40354493~~00176144 60.~~01981954~~32725166 0.00000000 I-M 30,657,400.00 ~~1000~~999.~~00000000~~95996301 0.~~04003699~~02627653 0.00000000 0.00000000 I-B-1 15,571,800.00 ~~1000~~999.~~00000000~~95996288 0.~~04003712~~02627635 0.00000000 0.00000000 I-B-2 11,192,200.00 ~~1000~~999.~~00000000~~95996319 0.~~04003681~~02627634 0.00000000 0.00000000 I-B-3 7,785,900.00 ~~1000~~999.~~00000000~~95996352 0.~~04003648~~02627699 0.00000000 0.00000000 I-B-4 3,892,900.00 ~~1000~~999.~~00000000~~95996301 0.~~04003699~~02627604 0.00000000 0.00000000 I-B-5 2,433,100.00 ~~1000~~999.~~00000000~~95996465 0.~~04003535~~02627512 0.00000000 0.00000000 I-B-6 6,326,141.00 ~~1000~~999.~~00000000~~95996295 0.~~04003705~~02627668 0.00000000 0.00000000 II-B-1 4,888,700.00 ~~1000~~998.~~00000000~~98175998 10.~~01824002~~17903942 0.00000000 0.00000000 II-B-2 3,771,300.00 ~~1000~~998.~~00000000~~98175961 10.~~01824039~~17903906 0.00000000 0.00000000 II-B-3 2,793,500.00 ~~1000~~998.~~00000000~~98175765 10.~~01824235~~17904063 0.00000000 0.00000000 II-B-4 2,793,400.00 ~~1000~~998.~~00000000~~98176058 10.~~01823942~~17903988 0.00000000 0.00000000 II-B-5 1,117,400.00 ~~1000~~998.~~00000000~~98176123 10.~~01823877~~17904063 0.00000000 0.00000000 II-B-6 838,236.00 ~~1000~~998.~~00000000~~98175454 10.~~01824546~~17959143 0.00000000 0.00000000 I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 R-II 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 R-III 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~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 I-A-1 0.00000000 511.~~94942962~~90238106 ~~994~~982.~~05057038~~14818932 0.~~99405057~~98214819 511.~~94942962~~90238106 I-A-2 0.00000000 123.~~65623409~~55117768 ~~987~~983.~~34376591~~79258823 0.~~98734377~~98379259 123.~~65623409~~55117768 II-A-1 0.00000000 050.~~86878703~~04108941 ~~999~~949.~~13121297~~09012356 0.~~99913121~~94909012 050.~~86878703~~04108941 II-A-2 0.00000000 24.~~04396985~~04828261 ~~997~~993.~~95603015~~90774754 0.~~99795603~~99390775 24.~~04396985~~04828261 II-A-3 0.00000000 60.~~42336447~~32901310 993.~~57663553~~24762244 0.~~99357664~~99324762 60.~~42336447~~32901310 I-M 0.00000000 0.~~04003699~~02627653 999.~~95996301~~93368648 0.~~99995996~~99993369 0.~~04003699~~02627653 I-B-1 0.00000000 0.~~04003712~~02627635 999.~~95996288~~93368654 0.~~99995996~~99993369 0.~~04003712~~02627635 I-B-2 0.00000000 0.~~04003681~~02627634 999.~~95996319~~93368685 0.~~99995996~~99993369 0.~~04003681~~02627634 I-B-3 0.00000000 0.~~04003648~~02627699 999.~~95996352~~93368654 0.~~99995996~~99993369 0.~~04003648~~02627699 I-B-4 0.00000000 0.~~04003699~~02627604 999.~~95996301~~93368697 0.~~99995996~~99993369 0.~~04003699~~02627604 I-B-5 0.00000000 0.~~04003535~~02627512 999.~~95996465~~93368542 0.~~99995996~~99993369 0.~~04003535~~02627512 I-B-6 0.00000000 0.~~04003705~~02627668 999.~~95996295~~93368627 0.~~99995996~~99993369 0.~~04003705~~02627668 II-B-1 0.00000000 10.~~01824002~~17903942 998.~~98175998~~80271851 0.~~99898176~~99880272 10.~~01824002~~17903942 II-B-2 0.00000000 10.~~01824039~~17903906 998.~~98175961~~80271790 0.~~99898176~~99880272 10.~~01824039~~17903906 II-B-3 0.00000000 10.~~01824235~~17904063 998.~~98175765~~80272060 0.~~99898176~~99880272 10.~~01824235~~17904063 II-B-4 0.00000000 10.~~01823942~~17903988 998.~~98176058~~80272070 0.~~99898176~~99880272 10.~~01823942~~17903988 II-B-5 0.00000000 10.~~01823877~~17904063 998.~~98176123~~80272060 0.~~99898176~~99880272 10.~~01823877~~17904063 II-B-6 0.00000000 10.~~01824546~~17959143 998.~~98175454~~80216311 0.~~99898175~~99880216 10.~~01824546~~17959143 I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-II 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-III 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~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 I-A-1 802,060,000.00 12.~~97000~~14125% ~~802~~797,~~060~~288,~~000~~200.0048 ~~833~~1,~~919~~422,661.6113 0.00 0.00 I-A-2 93,315,100.00 4.~~01400~~02243% 9392,~~315~~134,~~100~~082.0025 ~~312~~308,~~139~~835.0188 0.00 0.00 II-A-1 48,444,600.00 23.~~83700~~58983% 48,~~444~~402,~~600~~511.0096 ~~114~~144,~~531~~797.11 0.00 0.00 II-A-2 106,746,100.00 13.~~53400~~58736% 106,~~746~~527,~~100~~914.0019 ~~136~~318,~~457~~461.1046 0.00 0.00 II-A-3 107,957,100.00 13.~~91500~~82030% 107,~~957~~263,~~100~~652.0020 ~~172~~341,~~281~~482.5458 0.00 0.00 I-M 30,657,400.00 2.~~09000~~26125% 30,~~657~~656,~~400~~172.0057 3357,~~816~~767.8273 0.00 0.00 I-B-1 15,571,800.00 2.~~24000~~41125% 15,571,~~800~~176.0055 1831,~~409~~288.33 0.00 0.00 I-B-2 11,192,200.00 23.~~84000~~01125% 11,~~192~~191,~~200~~751.0090 1628,~~775~~084.8630 0.00 0.00 I-B-3 7,785,900.00 3.~~14000~~31125% 7,785,~~900~~588.0028 1221,~~902~~483.9736 0.00 0.00 I-B-4 3,892,900.00 3.~~26500~~35350% 3,892,~~900~~744.0014 10,~~591~~878.9361 0.00 0.00 I-B-5 2,433,100.00 3.~~26500~~35350% 2,433,~~100~~002.0059 6,~~620~~799.0624 0.00 0.00 I-B-6 6,326,141.00 3.~~26500~~35350% 6,~~326~~325,~~141~~887.0072 17,~~212~~678.3824 0.00 0.00 II-B-1 4,888,700.00 13.~~93000~~68313% 4,~~888~~883,~~700~~722.0013 714,~~862~~989.6648 0.00 0.00 II-B-2 3,771,300.00 13.~~93000~~68313% 3,~~771~~767,~~300~~459.0091 611,~~065~~563.5136 0.00 0.00 II-B-3 2,793,500.00 13.~~93000~~68313% 2,~~793~~790,~~500~~655.0054 48,~~492~~565.8828 0.00 0.00 II-B-4 2,793,400.00 13.~~93000~~68313% 2,~~793~~790,~~400~~555.0065 48,~~492~~564.7298 0.00 0.00 II-B-5 1,117,400.00 13.~~93000~~68313% 1,~~117~~116,~~400~~262.0022 13,~~797~~426.1511 0.00 0.00 II-B-6 838,236.00 13.~~93000~~68313% ~~838~~837,~~236~~382.0047 12,~~348~~570.16 0.00 0.00 I-X 0.00 1.~~24354~~10931% ~~867~~862,~~267~~492,~~300~~889.0077 ~~898~~797,~~733~~309.9401 0.00 0.00 R-I 50.00 0.00000% 500.00 0.00 0.00 0.00 R-II 50.00 0.00000% 500.00 0.00 0.00 0.00 R-III 50.00 0.00000% 500.00 0.00 0.00 0.00 Totals 1,252,585,027.00 23,~~610~~557,~~450~~206.7435 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 I-A-1 0.00 0.00 ~~833~~1,~~919~~422,661.6113 0.00 ~~797~~787,~~288~~741,~~200~~776.4873 I-A-2 0.00 0.00 ~~312~~308,~~139~~835.0188 0.00 9291,~~134~~802,~~082~~703.2575 II-A-1 0.00 0.00 ~~114~~144,~~531~~797.11 0.00 4845,~~402~~978,~~511~~291.9640 II-A-2 0.00 0.00 ~~136~~318,~~457~~461.1046 0.00 106,~~527~~095,~~914~~775.1981 II-A-3 0.00 0.00 ~~172~~341,~~281~~482.5458 0.00 107,~~263~~228,~~652~~132.2090 I-M 0.00 0.00 3357,~~816~~767.8273 0.00 30,~~656~~655,~~172~~367.5700 I-B-1 0.00 0.00 1831,~~409~~288.33 0.00 15,~~571~~570,~~176~~767.5538 I-B-2 0.00 0.00 1628,~~775~~084.8630 0.00 11,191,~~751~~457.9081 I-B-3 0.00 0.00 1221,~~902~~483.9736 0.00 7,785,~~588~~383.2869 I-B-4 0.00 0.00 10,~~591~~878.9361 0.00 3,892,~~744~~641.1485 I-B-5 0.00 0.00 6,~~620~~799.0624 0.00 2,~~433~~432,~~002~~938.5965 I-B-6 0.00 0.00 17,~~212~~678.3824 0.00 6,325,~~887~~721.7249 II-B-1 0.00 0.00 714,~~862~~989.6648 0.00 4,~~883~~882,~~722~~846.1385 II-B-2 0.00 0.00 611,~~065~~563.5136 0.00 3,~~767~~766,~~459~~784.9169 II-B-3 0.00 0.00 48,~~492~~565.8828 0.00 2,790,~~655~~155.5440 II-B-4 0.00 0.00 48,~~492~~564.7298 0.00 2,790,~~555~~055.6552 II-B-5 0.00 0.00 13,~~797~~426.1511 0.00 1,116,~~262~~062.2216 II-B-6 0.00 0.00 12,~~348~~570.16 0.00 837,~~382~~231.4793 I-X 0.00 0.00 1797,~~428,948~~309.1701 0.00 ~~862~~852,~~492~~944,~~889~~752.7761 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 ~~162,521~~23.6789 0.00 0.00 Totals 0.00 0.00 3,~~303~~557,~~186~~230.6424 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 I-A-1 802,060,000.00 12.~~97000~~14125% ~~1000~~994.~~00000000~~05057038 1.~~03972223~~77375898 0.00000000 0.00000000 I-A-2 93,315,100.00 4.~~01400~~02243% ~~1000~~987.~~00000000~~34376591 3.~~34500001~~30960241 0.00000000 0.00000000 II-A-1 48,444,600.00 23.~~83700~~58983% ~~1000~~999.~~00000000~~13121297 2.~~36416670~~98892157 0.00000000 0.00000000 II-A-2 106,746,100.00 13.~~53400~~58736% ~~1000~~997.~~00000000~~95603015 12.~~27833335~~98335452 0.00000000 0.00000000 II-A-3 107,957,100.00 13.~~91500~~82030% ~~1000~~993.~~00000000~~57663553 13.~~59583334~~16313221 0.00000000 0.00000000 I-M 30,657,400.00 2.~~09000~~26125% ~~1000~~999.~~00000000~~95996301 1.~~10305571~~88429971 0.00000000 0.00000000 I-B-1 15,571,800.00 2.~~24000~~41125% ~~1000~~999.~~00000000~~95996288 12.~~18222235~~00929437 0.00000000 0.00000000 I-B-2 11,192,200.00 23.~~84000~~01125% ~~1000~~999.~~00000000~~95996319 12.~~49888851~~50927432 0.00000000 0.00000000 I-B-3 7,785,900.00 3.~~14000~~31125% ~~1000~~999.~~00000000~~95996352 12.~~65722267~~75926482 0.00000000 0.00000000 I-B-4 3,892,900.00 3.~~26500~~35350% ~~1000~~999.~~00000000~~95996301 2.~~72083280~~79447456 0.00000000 0.00000000 I-B-5 2,433,100.00 3.~~26500~~35350% ~~1000~~999.~~00000000~~95996465 2.~~72083350~~79447618 0.00000000 0.00000000 I-B-6 6,326,141.00 3.~~26500~~35350% ~~1000~~999.~~00000000~~95996295 2.~~72083408~~79447455 0.00000000 0.00000000 II-B-1 4,888,700.00 13.~~93000~~68313% ~~1000~~998.~~00000000~~98175998 13.~~60833350~~06614846 0.00000000 0.00000000 II-B-2 3,771,300.00 13.~~93000~~68313% ~~1000~~998.~~00000000~~98175961 13.~~60833400~~06614695 0.00000000 0.00000000 II-B-3 2,793,500.00 13.~~93000~~68313% ~~1000~~998.~~00000000~~98175765 13.~~60833363~~06614641 0.00000000 0.00000000 II-B-4 2,793,400.00 13.~~93000~~68313% ~~1000~~998.~~00000000~~98176058 13.~~60833393~~06614878 0.00000000 0.00000000 II-B-5 1,117,400.00 13.~~93000~~68313% ~~1000~~998.~~00000000~~98176123 13.~~60833184~~06614462 0.00000000 0.00000000 II-B-6 838,236.00 13.~~93000~~68313% ~~1000~~998.~~00000000~~98175454 13.~~60832987~~06615321 0.00000000 0.00000000 I-X 0.00 1.~~24354~~10931% ~~1000~~994.~~00000000~~49488038 10.~~03628252~~91933480 0.00000000 0.00000000 R-I 50.00 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% ~~1000~~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 I-A-1 0.00000000 0.00000000 1.~~03972223~~77375898 0.00000000 ~~994~~982.~~05057038~~14818932 I-A-2 0.00000000 0.00000000 3.~~34500001~~30960241 0.00000000 ~~987~~983.~~34376591~~79258823 II-A-1 0.00000000 0.00000000 2.~~36416670~~98892157 0.00000000 ~~999~~949.~~13121297~~09012356 II-A-2 0.00000000 0.00000000 12.~~27833335~~98335452 0.00000000 ~~997~~993.~~95603015~~90774754 II-A-3 0.00000000 0.00000000 13.~~59583334~~16313221 0.00000000 993.~~57663553~~24762244 I-M 0.00000000 0.00000000 1.~~10305571~~88429971 0.00000000 999.~~95996301~~93368648 I-B-1 0.00000000 0.00000000 12.~~18222235~~00929437 0.00000000 999.~~95996288~~93368654 I-B-2 0.00000000 0.00000000 12.~~49888851~~50927432 0.00000000 999.~~95996319~~93368685 I-B-3 0.00000000 0.00000000 12.~~65722267~~75926482 0.00000000 999.~~95996352~~93368654 I-B-4 0.00000000 0.00000000 2.~~72083280~~79447456 0.00000000 999.~~95996301~~93368697 I-B-5 0.00000000 0.00000000 2.~~72083350~~79447618 0.00000000 999.~~95996465~~93368542 I-B-6 0.00000000 0.00000000 2.~~72083408~~79447455 0.00000000 999.~~95996295~~93368627 II-B-1 0.00000000 0.00000000 13.~~60833350~~06614846 0.00000000 998.~~98175998~~80271851 II-B-2 0.00000000 0.00000000 13.~~60833400~~06614695 0.00000000 998.~~98175961~~80271790 II-B-3 0.00000000 0.00000000 13.~~60833363~~06614641 0.00000000 998.~~98175765~~80272060 II-B-4 0.00000000 0.00000000 13.~~60833393~~06614878 0.00000000 998.~~98176058~~80272070 II-B-5 0.00000000 0.00000000 13.~~60833184~~06614462 0.00000000 998.~~98176123~~80272060 II-B-6 0.00000000 0.00000000 13.~~60832987~~06615321 0.00000000 998.~~98175454~~80216311 I-X 0.00000000 0.00000000 10.~~64764447~~91933480 0.00000000 ~~994~~983.~~49488038~~48542901 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 ~~3250433~~477.~~40000000~~80000000 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 1-X 1.~~26821~~13445% ~~802,060,000.00~~ 797,288,200.48 787,741,776.73 0.00 0.00 9998.~~40505704~~21481893% 2-X 0.~~94009~~80192% 65,~~207~~204,~~300~~689.0029 65,~~204~~202,~~689~~975.2987 0.00 0.00 99.~~99599629~~99336864%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1016,~~602~~658,~~144~~220.2699 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1991,~~311~~678.1577 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1016,~~621~~749,~~455~~899.4176 Withdrawals Reimbursement for Servicer Advances 019,311.0015 Payment of Service Fee ~~391~~398,~~964~~730.5265 Payment of Interest and Principal 1016,~~229~~331,~~490~~857.8996 Total Withdrawals (Pool Distribution Amount) 1016,~~621~~749,~~455~~899.4176 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~291~~389,~~235~~278.9951 ~~Additional Servicing Fee 91,018.92~~ Master Servicing Fee 1,~~565~~557.7408 Miscellaneous Fee 87,~~143~~895.8706 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~391~~398,~~964~~730.5265

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 2272 0 0 0 2272 629,~~340~~813,~~422~~391.3413 0.00 0.00 0.00 629,~~340~~813,~~422~~391.3413 60 Days 14 0 0 0 14 ~~478~~839,~~399~~255.9978 0.00 0.00 0.00 ~~478~~839,~~399~~255.9978 90 Days 01 0 0 0 01 0478,399.0099 0.00 0.00 0.00 0478,399.0099 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 1 0 0 0 1 107,529.99 0.00 0.00 0.00 107,529.99 Totals 2478 0 0 0 2478 631,~~926~~238,~~352~~576.3289 0.00 0.00 0.00 631,~~926~~238,~~352~~576.3289 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 01.~~576369~~898734% 0.000000% 0.000000% 0.000000% 01.~~576369~~898734% 02.~~508906~~418042% 0.000000% 0.000000% 0.000000% 02.~~508906~~418042% 60 Days 0.~~026199~~105485% 0.000000% 0.000000% 0.000000% 0.~~026199~~105485% 0.~~038398~~068069% 0.000000% 0.000000% 0.000000% 0.~~038398~~068069% 90 Days 0.~~000000~~026371% 0.000000% 0.000000% 0.000000% 0.~~000000~~026371% 0.~~000000~~038801% 0.000000% 0.000000% 0.000000% 0.~~000000~~038801% 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.~~026199~~026371% 0.000000% 0.000000% 0.000000% 0.~~026199~~026371% 0.~~008631~~008721% 0.000000% 0.000000% 0.000000% 0.~~008631~~008721% Totals 02.~~628766~~056962% 0.000000% 0.000000% 0.000000% 02.~~628766~~056962% 02.~~555935~~533633% 0.000000% 0.000000% 0.000000% 02.~~555935~~533633%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Subgroup I-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 1850 0 0 0 1850 522,~~597~~433,~~422~~924.3422 0.00 0.00 0.00 522,~~597~~433,~~422~~924.3422 60 Days 03 0 0 0 03 0434,055.0078 0.00 0.00 0.00 0434,055.0078 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 1 0 0 0 1 107,529.99 0.00 0.00 0.00 107,529.99 Totals 1954 0 0 0 1954 522,~~704~~975,~~952~~509.3399 0.00 0.00 0.00 522,~~704~~975,~~952~~509.3399 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.857355% 0.~~663228~~000000% 0.000000% 0.000000% 1.857355% 2.616245% 0.000000% 0.~~663228~~000000% 0.~~645585~~000000% 2.616245% 60 Days 0.111441% 0.000000% 0.000000% 0.000000% 0.~~645585~~111441% 0.050620% 0.000000% 0.000000% 0.000000% 0.050620% 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 0.037147% 0.000000% 0.000000% 0.000000% 0.037147% 0.012540% 0.000000% 0.000000% 0.000000% 0.012540% Totals 2.005944% 0.000000% 0.000000% 0.000000% 2.005944% 2.679405% 0.000000% 0.000000% 0.000000% 2.679405% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Subgroup I-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 6 0 0 0 6 1,614,770.80 0.00 0.00 0.00 1,614,770.80 60 Days 1 0 0 0 1 405,200.00 0.00 0.00 0.00 405,200.00 90 Days 1 0 0 0 1 478,399.99 0.00 0.00 0.00 478,399.99 120 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 8 0 0 0 8 2,498,370.79 0.00 0.00 0.00 2,498,370.79 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.554404% 0.000000% 0.000000% 0.000000% 1.554404% 1.615908% 0.000000% 0.000000% 0.000000% 1.615908% 60 Days 0.259067% 0.000000% 0.000000% 0.000000% 0.259067% 0.405485% 0.000000% 0.000000% 0.000000% 0.405485% 90 Days 0.259067% 0.000000% 0.000000% 0.000000% 0.259067% 0.478737% 0.000000% 0.000000% 0.000000% 0.478737% 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 2.072539% 0.000000% 0.000000% 0.000000% 2.072539% 2.500130% 0.000000% 0.000000% 0.000000% 2.500130% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Subgroup II-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 1 0 0 0 1 631,892.10 0.00 0.00 0.00 631,892.10 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 1 0 0 0 1 631,892.10 0.00 0.00 0.00 631,892.10 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.941176% 0.000000% 0.000000% 0.000000% 2.941176% 1.289951% 0.000000% 0.000000% 0.000000% 1.289951% 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.~~036846~~000000% 0.000000% 0.000000% 0.000000% 0.~~036846~~000000% 0.~~012402~~000000% 0.000000% 0.000000% 0.000000% 0.~~012402~~000000% Totals 2.941176% 0.~~700074~~000000% 0.000000% 0.000000% 2.941176% 1.289951% 0.000000% 0.~~700074~~000000% 0.~~657987~~000000% 1.289951% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Subgroup II-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 13 0 0 0 13 4,776,989.59 0.00 0.00 0.00 4,776,989.59 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 13 0 0 0 13 4,776,989.59 0.00 0.00 0.00 4,776,989.59 0-29 Days 0.000000% 0.000000% 0.000000% 0.~~657987~~000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.318937% 0.000000% 0.000000% 0.000000% 4.318937% 4.239425% 0.000000% 0.000000% 0.000000% 4.239425% 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 4.318937% 0.000000% 0.000000% 0.000000% 4.318937% 4.239425% 0.000000% 0.000000% 0.000000% 4.239425% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Subgroup II-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 2 0 0 0 2 355,814.42 0.00 0.00 0.00 355,814.42 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 2 0 0 0 2 355,814.42 0.00 0.00 0.00 355,814.42 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.527704% 0.000000% 0.000000% 0.000000% 0.527704% 0.312461% 0.000000% 0.000000% 0.000000% 0.312461% 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 0.527704% 0.000000% 0.000000% 0.000000% 0.527704% 0.312461% 0.000000% 0.000000% 0.000000% 0.312461%

~~DELINQUENT~~OTHER ~~BANKRUPTCY~~INFORMATION ~~FORECLOSURE~~Current ~~REO~~Period ~~Total~~Class ~~Subgroup~~A ~~I-2~~Insufficient NoFunds ~~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~~Principal ~~0.00~~Balance ~~0.00~~of 30Contaminated ~~Days~~Properties 2 0 ~~0 0 2 544,400~~.00 ~~0.00~~Periodic ~~0.00~~Advance ~~0.00 544~~91,~~400~~678.00 60 Days 1 0 0 0 1 478,399.99 0.00 0.00 0.00 478,399.99 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 3 0 0 0 3 1,022,799.99 0.00 0.00 0.00 1,022,799.99 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.518135% 0.000000% 0.000000% 0.000000% 0.518135% 0.542955% 0.000000% 0.000000% 0.000000% 0.542955% 60 Days 0.259067% 0.000000% 0.000000% 0.000000% 0.259067% 0.477130% 0.000000% 0.000000% 0.000000% 0.477130% 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 0.777202% 0.000000% 0.000000% 0.000000% 0.777202% 1.020085% 0.000000% 0.000000% 0.000000% 1.020085%77

~~DELINQUENT~~COLLATERAL ~~BANKRUPTCY~~STATEMENT ~~FORECLOSURE~~Collateral ~~REO~~Description ~~Total~~Mixed ~~Subgroup~~ARM ~~II-1~~Weighted NoAverage ofGross ~~Loans~~Coupon ~~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~~3.00 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 0.000000810962% ~~0.000000%~~Weighted ~~0.000000%~~Average ~~0.000000%~~Net ~~0.000000%~~Coupon 03.~~000000~~435952% ~~0.000000%~~Weighted ~~0.000000%~~Average 30Pass-Through ~~Days~~Rate 03.~~000000~~426846% ~~0.000000%~~Weighted ~~0.000000%~~Average ~~0.000000%~~Maturity(Stepdown ~~0.000000%~~Calculation ~~0.000000%~~) ~~0.000000%~~353 ~~0.000000%~~Beginning ~~0.000000%~~Scheduled ~~0.000000%~~Collateral 60Loan ~~Days~~Count ~~0.000000%~~3,817 ~~0.000000%~~Number ~~0.000000%~~Of ~~0.000000%~~Loans ~~0.000000%~~Paid ~~0.000000%~~In ~~0.000000%~~Full ~~0.000000%~~25 ~~0.000000%~~Ending ~~0.000000%~~Scheduled 90Collateral ~~Days~~Loan ~~0.000000%~~Count ~~0.000000%~~3,792 ~~0.000000%~~Beginning ~~0.000000%~~Scheduled ~~0.000000%~~Collateral ~~0.000000%~~Balance 01,245,658,722.~~000000%~~61 ~~0.000000%~~Ending ~~0.000000%~~Scheduled ~~0.000000%~~Collateral ~~120~~Balance ~~Days 0~~1,232,884,095.~~000000%~~35 ~~0.000000%~~Ending ~~0.000000%~~Actual ~~0.000000%~~Collateral ~~0.000000%~~Balance ~~0.000000%~~at ~~0.000000%~~30-Sep-2004 01,232,956,067.~~000000%~~60 ~~0.000000%~~Monthly ~~0.000000%~~P ~~150~~&I ~~Days~~Constant 04,031,252.~~000000%~~55 ~~0.000000%~~Special ~~0.000000%~~Servicing ~~0.000000%~~Fee 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalties 0.~~000000%~~00 ~~0.000000%~~Realized ~~0.000000%~~Loss ~~180~~Amount ~~Days~~ 0.~~000000%~~00 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.000000%~~Loss 0.~~000000%~~00 ~~0.000000%~~Scheduled ~~0.000000%~~Principal 0124,956.~~000000%~~05 ~~0.000000%~~Unscheduled ~~0.000000%~~Principal ~~Totals 0~~12,699,339.~~000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%~~28

~~DELINQUENT~~Miscellaneous ~~BANKRUPTCY~~Reporting ~~FORECLOSURE~~Deferred ~~REO~~Interest ~~Total~~ Subgroup II-21 ~~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~~Deferred ~~0.00~~Interest ~~0.00~~Subgroup 30II-2 ~~Days 1~~ 0 ~~0 0 1 117,000~~.00 ~~0.00~~Deferred ~~0.00~~Interest ~~0.00~~Subgroup ~~117,000.00~~II-3 ~~60 Days~~ 0 ~~0 0 0 0 0~~.00 ~~0.00~~Group ~~0.00~~I ~~0.00~~Subordinate 0% 8.00049007% 90Subgroup ~~Days~~I-1 0Subordinate 0% 08.044007% 0Subgroup 0I-2 ~~0.00~~Subordinate ~~0.00~~% 08.00092245% ~~0.00~~Group ~~0.00~~II ~~120~~Subordinate ~~Days~~% 05.814366% 0Subgroup 0II-1 0Subordinate 0% 05.00800455% ~~0.00~~Subgroup ~~0.00~~II-2 ~~0.00~~Subordinate 0% 5.00801757% ~~150~~Subgroup ~~Days~~II-3 0Subordinate 0% 05.833158% 0Group 0II ~~0.00~~Subordinate ~~0.00~~Prepayment ~~0.00~~% 0.00000000% ~~0.00~~Subgroup ~~180~~I-1 ~~Days~~Subordinate 0Prepayment 0% 0 ~~0 0 0~~.00000000% ~~0.00~~Subgroup ~~0.00~~I-2 ~~0.00~~Subordinate ~~0.00~~Prepayment ~~Totals~~% 1 0 ~~0 0 1 117,000~~.00000000% ~~0.00~~Group ~~0.00~~II ~~0.00~~Subordinate ~~117,000.00~~Prepayment ~~0-29 Days 0.000000~~% 0.000000% ~~0.000000%~~Subgroup ~~0.000000%~~II-1 ~~0.000000%~~Subordinate ~~0.000000%~~Prepayment ~~0.000000~~% 0.000000% 30Subgroup ~~Days~~II-2 ~~0.330033%~~Subordinate ~~0.000000%~~Prepayment ~~0.000000~~% 0.000000% ~~0.330033%~~Subgroup ~~0.103330%~~II-3 ~~0.000000%~~Subordinate ~~0.000000~~Prepayment % 0.000000% ~~0.103330%~~Group 60I ~~Days~~Senior ~~0.000000%~~Prepayment ~~0.000000~~% 0100.000000% ~~0.000000%~~Subgroup ~~0.000000%~~I-1 ~~0.000000%~~Senior ~~0.000000%~~Prepayment ~~0.000000~~% 0100.000000% ~~0.000000%~~Subgroup 90I-2 ~~Days~~Senior ~~0.000000%~~Prepayment ~~0.000000~~% 0100.000000% ~~0.000000%~~Group ~~0.000000%~~II ~~0.000000%~~Senior ~~0.000000%~~Prepayment ~~0.000000~~% 0100.000000% ~~0.000000%~~Subgroup ~~120~~II-1 ~~Days~~Senior ~~0.000000%~~Prepayment ~~0.000000~~% 0100.000000% ~~0.000000%~~Subgroup ~~0.000000%~~II-2 ~~0.000000%~~Senior ~~0.000000%~~Prepayment ~~0.000000~~% 0100.000000% ~~0.000000%~~Subgroup ~~150~~II-3 ~~Days~~Senior ~~0.000000%~~Prepayment ~~0.000000~~% 0100.000000% ~~0.000000%~~Group ~~0.000000%~~I ~~0.000000%~~Senior ~~0.000000~~% 091.~~000000~~950993% ~~0.000000~~Subgroup I-1 Senior % 091.~~000000~~955993% ~~180~~Subgroup ~~Days~~I-2 ~~0.000000%~~Senior ~~0.000000~~% 091.~~000000~~907755% ~~0.000000%~~Group ~~0.000000%~~II ~~0.000000%~~Senior ~~0.000000~~% 094.~~000000~~185634% ~~0.000000%~~Subgroup ~~0.000000%~~II-1 ~~Totals~~Senior ~~0.330033~~% 094.~~000000~~199545% ~~0.000000%~~Subgroup ~~0.000000%~~II-2 ~~0.330033%~~Senior ~~0.103330~~% 094.~~000000~~198243% ~~0.000000%~~Subgroup ~~0.000000~~II-3 Senior % 094.~~103330~~166842%

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group Subgroup III-31 NoSubgroup ofI-2 ~~Loans~~Subgroup NoII-1 ofCollateral ~~Loans~~Description NoMixed ofARM ~~Loans~~Mixed NoARM ofMixed ~~Loans~~ARM NoWeighted ofAverage ~~Loans~~Coupon ~~Principal~~Rate ~~Balance~~3.656772 ~~Principal~~4.398932 ~~Balance~~3.966325 ~~Principal~~Weighted ~~Balance~~Average ~~Principal~~Net ~~Balance~~Rate ~~Principal Balance 0-29 Days 0 0 0 0 0~~3.00281758 04.00023932 03.00591325 ~~0.00~~Weighted 30Average ~~Days~~Maturity 1352 0357 0355 0Beginning 1Loan ~~81,600.00~~Count ~~0.00 0.00 0.00 81~~2,~~600.00~~714 60386 ~~Days~~35 0Loans 0Paid 0In 0Full 022 0~~.00~~ ~~0.00~~1 ~~0.00~~Ending ~~0.00~~Loan ~~0.00~~Count 902,692 ~~Days~~386 034 0Beginning 0Scheduled 0Balance ~~0 0~~867,032,351.0085 0100,246,254.0097 051,382,957.0038 ~~0.00~~Ending ~~0.00~~scheduled ~~120~~Balance ~~Days 0 0 0 0 0 0~~857,485,928.0002 099,912,830.0068 048,956,980.0015 ~~0.00~~Record ~~0.00~~Date ~~150~~09/30/2004 ~~Days~~09/30/2004 009/30/2004 0Principal 0And 0Interest 0Constant 02,642,117.0071 0392,761.0026 0200,119.0067 0Scheduled Principal 1.0001 025,280.0085 ~~180~~30,507.37 ~~Days~~Unscheduled 0Principal 09,546,422.82 0308,143.44 02,395,692.13 0Scheduled ~~0.00~~Interest 02,642,116.0070 0367,480.0041 0169,834.0057 ~~0.00~~Servicing ~~Totals~~Fees ~~1 0 0 0 1 81~~270,~~600~~957.0078 031,326.0095 ~~0.00 0.00 81~~16,~~600~~057.0017 ~~0-29~~Master ~~Days~~Servicing ~~0.000000%~~Fees 01,083.~~000000%~~79 0125.~~000000%~~31 064.~~000000%~~23 ~~0.000000%~~Trustee Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 30FRY ~~Days~~Amount 0.~~263852%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Special ~~0.263852%~~Hazard ~~0.071615%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.071615%~~Other 60Fee ~~Days 0~~3,294.~~000000%~~16 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Pool ~~0.000000%~~Insurance ~~0.000000%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Spread 90Fee ~~Days~~1 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Spread ~~0.000000%~~Fee ~~0.000000%~~2 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Spread ~~120~~Fee ~~Days~~3 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Net ~~0.000000%~~Interest 02,366,780.~~000000%~~97 0336,028.~~000000%~~15 0153,713.~~000000%~~17 ~~0.000000%~~Realized ~~0.000000%~~Loss ~~150~~Amount ~~Days~~ 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.000000%~~Loss 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Percentage ~~180~~of ~~Days~~Cumulative ~~0.000000%~~Losses 0.~~000000%~~0000 0.~~000000%~~0000 0.~~000000%~~0000 ~~0.000000%~~Prepayment ~~0.000000%~~Penalties 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Special ~~Totals~~Servicing ~~0.263852%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.263852%~~Pass-Through ~~0.071615%~~Rate 03.~~000000%~~275699 04.~~000000%~~022432 03.~~000000% 0.071615%~~589825

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group ASubgroup ~~Insufficient~~II-2 ~~Funds~~Subgroup II-3 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.983988 4.225284 3.810962 Weighted Average Net Rate 3.608988 3.850284 3.435952 Weighted Average Maturity 358 357 353 Beginning Loan Count 303 379 3,817 Loans Paid In Full 2 0 25 Ending Loan Count 301 379 3,792 Beginning Scheduled Balance 113,089,067.0010 ~~Principal~~113,908,091.31 1,245,658,722.61 Ending scheduled Balance of112,655,796.27 ~~Contaminated~~113,872,560.23 ~~Properties~~1,232,884,095.35 Record Date 09/30/2004 09/30/2004 09/30/2004 Principal And Interest Constant 394,973.62 401,280.29 4,031,252.55 Scheduled Principal 34,441.88 34,724.94 124,956.05 Unscheduled Principal 413,751.75 35,329.14 12,699,339.28 Scheduled Interest 375,454.54 401,078.35 3,955,964.57 Servicing Fees 35,340.33 35,596.28 389,278.51 Master Servicing Fees 141.36 142.39 1,557.08 Trustee Fee 0.00 ~~Periodic~~0.00 ~~Advance~~0.00 19FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 1,~~311~~896.1592 2,703.98 7,895.06 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 338,075.93 362,635.70 3,557,233.92 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 3.587359 3.820298 3.426846

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.472710% Weighted Average Net Coupon 3.106505% Weighted Average Pass-Through Rate 3.097202% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 3,831 Number Of Loans Paid In Full 14 Ending Scheduled Collateral Loan Count 3,817 Beginning Scheduled Collateral Balance 1,252,585,026.50 Ending Scheduled Collateral Balance 1,245,658,722.61 Ending Actual Collateral Balance at 31-Aug-2004 1,245,892,005.36 Monthly P &I Constant 3,948,298.27 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 347,986.22 Unscheduled Principal 6,602,742.51

Miscellaneous Reporting Deferred Interest Subgroup II-1 0.00 Deferred Interest Subgroup II-2 560.03 Deferred Interest Subgroup II-3 24,014.43 Group I Subordinate % 8.000054% Subgroup I-1 Subordinate % 8.000071% Subgroup I-2 Subordinate % 8.000052% Group II Subordinate % 5.800077% Subgroup II-1 Subordinate % 5.800144% Subgroup II-2 Subordinate % 5.800058% Subgroup II-3 Subordinate % 5.800067% Group II Subordinate Prepayment % 0.000000% Subgroup I-1 Subordinate Prepayment % 0.000000% Subgroup I-2 Subordinate Prepayment % 0.000000% Group II Subordinate Prepayment % 0.000000% Subgroup II-1 Subordinate Prepayment % 0.000000% Subgroup II-2 Subordinate Prepayment % 0.000000% Subgroup II-3 Subordinate Prepayment % 0.000000% Group I Senior Prepayment % 100.000000% Subgroup I-1 Senior Prepayment % 100.000000% Subgroup I-2 Senior Prepayment % 100.000000% Group II Senior Prepayment % 100.000000% Subgroup II-1 Senior Prepayment % 100.000000% Subgroup II-2 Senior Prepayment % 100.000000% Subgroup II-3 Senior Prepayment % 100.000000% Group I Senior % 91.999946% Subgroup I-1 Senior % 91.999929% Subgroup I-2 Senior % 91.999948% Group II Senior % 94.199923% Subgroup II-1 Senior % 94.199856% Subgroup II-2 Senior % 94.199942% Subgroup II-3 Senior % 94.199933%

Group Level Collateral Statement Group Subgroup I-1 Subgroup I-2 Subgroup II-1 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.518306 4.399659 3.695336 Weighted Average Net Rate 3.153646 4.024659 3.320337 Weighted Average Maturity 353 358 356 Beginning Loan Count 2,723 389 35 Loans Paid In Full 9 3 0 Ending Loan Count 2,714 386 35 Beginning Scheduled Balance 871,805,026.72 101,429,514.63 51,427,467.07 Ending scheduled Balance 867,032,351.85 100,246,254.97 51,382,957.38 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 2,567,006.08 399,903.14 200,119.66 Scheduled Principal 10,941.81 28,023.71 41,751.50 Unscheduled Principal 4,761,733.06 1,155,235.95 2,758.19 Scheduled Interest 2,556,064.27 371,879.43 158,368.16 Servicing Fees 264,927.21 31,696.72 16,071.08 Master Servicing Fees 1,089.76 126.79 64.28 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 3,295.18 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 2,286,752.12 340,055.92 142,232.80 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 3.147610 4.023159 3.318836

Group Level Collateral Statement Group Subgroup II-2 Subgroup II-3 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 1.916368 3.744446 3.472710 Weighted Average Net Rate 1.559033 3.369446 3.106505 Weighted Average Maturity 359 358 354 Beginning Loan Count 303 381 3,831 Loans Paid In Full 0 2 14 Ending Loan Count 303 379 3,817 Beginning Scheduled Balance 113,318,646.94 114,604,221.52 1,252,584,876.88 Ending scheduled Balance 113,089,067.10 113,908,091.31 1,245,658,722.61 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 377,413.67 403,855.72 3,948,298.27 Scheduled Principal 197,006.82 70,262.38 347,986.22 Unscheduled Principal 33,133.05 649,882.26 6,602,742.51 Scheduled Interest 180,966.88 357,607.77 3,624,886.51 Servicing Fees 33,743.92 35,813.82 382,252.75 Master Servicing Fees 141.65 143.26 1,565.74 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 1,899.99 2,948.70 8,143.87 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 145,181.32 318,701.99 3,232,924.15 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 1.537413 3.337071 3.097202

Filing Compare · Structured Asset Mortgage Investments II Series 2004-AR5