8-K 1 bst04002_nov.txt NOVEMBER 8K 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): November 26, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-21 54-2150466 Pooling and Servicing Agreement) (Commission 54-2150467 (State or other File Number) 54-2150468 jurisdiction 54-2150469 of Incorporation) IRS EIN 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 November 26, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2004-2 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 2004-2 Trust, relating to the November 26, 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. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2004-2 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: 11/29/2004 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 November 26, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 810/31/042004 Distribution Date: 911/2726/042004 BST 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 I-1-A 07384ML83 SEN 4.~~13159~~13149% 3938,~~281~~095,~~267~~871.4155 ~~135~~131,~~245~~046.1282 ~~516~~1,~~017~~881,039.2647 I-2-A-1 07384ML91 SEN 3.~~93239~~92295% 4340,~~477~~246,~~247~~805.4245 ~~142~~131,~~474~~457.6788 1,~~633~~394,~~584~~364.8112 I-2-A-2 07384MM25 SEN 4.~~51339~~50395% 6964,~~563~~394,~~595~~888.8672 ~~261~~241,~~639~~483.8546 2,~~613~~230,~~735~~982.6960 I-2-A-3 07384MM33 SEN 3.~~80939~~79995% 4339,~~079~~879,~~955~~033.8642 ~~136~~126,~~757~~172.0657 1,~~618~~381,~~657~~622.2454 I-2-X 07384MM41 SEN 0.62300% 0.00 8174,~~052~~965.7136 0.00 I-3-A 07384MM58 SEN 4.~~81481~~81488% 32,~~723~~692,~~134~~410.5008 131,~~296~~061.43 1118,~~440~~700.7498 I-4-A 07384MM66 SEN 5.~~25397~~25328% 8584,~~371~~751,~~120~~271.1068 ~~373~~370,~~780~~697.7609 ~~546~~966,~~453~~340.3556 I-4-A-M 07384MM74 SEN 5.~~25397~~25328% 18,691,000.00 81,~~834~~753.8934 0.00 II-1-A 07384MM82 SEN 3.~~84273~~81562% 5652,~~371~~380,~~733~~683.8980 ~~180~~166,~~517~~409.5957 1,~~781~~019,~~573~~050.7877 II-1-X 07384MM90 SEN 0.14018% 0.00 6,~~585~~113.1664 0.00 II-2-A 07384MN32 SEN 4.~~51968~~51407% 8682,~~246~~476,~~746~~140.9865 ~~324~~309,~~839~~983.8782 ~~844~~2,~~979~~187,601.6517 II-2-X 07384MN40 SEN 0.22266% 0.00 1615,~~003~~290.0819 0.00 II-3-A 07384MN57 SEN 4.~~73357~~72755% 1615,~~321~~923,~~862~~966.6823 6462,~~383~~680.9416 11,~~629~~711.8459 II-4-A 07384MN65 SEN 5.~~39780~~38782% 3837,~~497~~390,~~136~~072.9229 ~~173~~167,~~166~~730.6242 ~~243~~1,~~724~~491,644.1234 I-B-1 07384MP30 SUB 4.~~85877~~85415% 5,~~849~~843,~~758~~351.4140 23,~~685~~616.5360 3,~~210~~238.6364 I-B-2 07384MP48 SUB 4.~~85877~~85415% 4,~~094~~089,~~441~~957.9546 16,~~578~~530.3005 2,~~247~~266.2383 I-B-3 07384MP55 SUB 4.~~85877~~85415% 2,~~340~~337,~~023~~460.0410 9,~~474~~447.7012 1,~~284~~295.3252 I-B-4 07384MP97 SUB 4.~~85877~~85415% 1,~~949~~947,~~686~~551.7735 7,~~894~~871.2326 1,~~070~~079.0842 I-B-5 07384MQ21 SUB 4.~~85877~~85415% ~~974~~973,~~943~~875.1130 3,~~947~~936.5203 ~~535~~539.1076 I-B-6 07384MQ39 SUB 4.~~85877~~85415% ~~780~~779,~~155~~301.9447 3,~~158~~149.8364 ~~428~~431.1992 II-B-1 07384MP63 SUB 4.~~66668~~65397% 2,~~732~~729,~~656~~647.0161 10,~~627~~577.0325 1,~~497~~527.0729 II-B-2 07384MP71 SUB 4.~~66668~~65397% 2,~~020~~017,~~071~~847.0816 7,~~855~~819.8606 1,~~106~~129.6803 II-B-3 07384MP89 SUB 4.~~66668~~65397% 1,~~425~~424,~~768~~198.2662 5,~~544~~518.6770 ~~781~~796.1087 II-B-4 07384MQ47 SUB 4.~~66668~~65397% 712,~~983~~198.8693 2,~~772~~759.7274 ~~390~~398.6049 II-B-5 07384MQ54 SUB 4.~~66668~~65397% ~~475~~474,~~222~~699.8467 1,~~848~~839.1044 ~~260~~265.3560 II-B-6 07384MQ62 SUB 4.~~66668~~65397% 356,~~672~~279.4578 1,~~387~~380.0657 ~~195~~199.4035 R-I 07384MN73 RES 0.00000% 0.00 0.00 0.00 R-II 07384MN81 RES 0.00000% 0.00 0.00 0.00 R-III 07384MN99 RES 0.00000% 0.00 0.00 0.00 R-IV 07384MP22 RES 0.00000% 0.00 7.9738 0.00 Totals ~~553~~530,~~337~~608,~~185~~512.3472 2,~~204~~111,~~360~~298.2759 912,~~834~~596,~~803~~226.2386

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-1-A 0.00 3836,~~765~~214,~~250~~832.1508 ~~651~~2,~~262~~012,086.3829 0.00 I-2-A-1 0.00 4138,~~843~~852,~~662~~441.6133 1,~~776~~525,~~059~~822.4800 0.00 I-2-A-2 0.00 6662,~~949~~163,~~860~~906.1713 2,~~875~~472,~~375~~466.5406 0.00 I-2-A-3 0.00 4138,~~461~~497,~~298~~410.6288 1,~~755~~507,~~414~~795.3011 0.00 I-2-X 0.00 0.00 8174,~~052~~965.7136 0.00 I-3-A 0.00 32,~~711~~673,~~693~~709.7610 ~~142~~149,~~737~~762.1741 0.00 I-4-A 0.00 8483,~~824~~784,~~666~~931.7512 ~~920~~1,~~234~~337,037.1165 0.00 I-4-A-M 0.00 18,691,000.00 81,~~834~~753.8934 0.00 II-1-A 0.00 5451,~~590~~361,~~160~~633.1103 1,~~962~~185,~~091~~460.3734 0.00 II-1-X 0.00 0.00 6,~~585~~113.1664 0.00 II-2-A 0.00 8580,~~401~~288,~~767~~539.3348 12,~~169~~497,~~819~~584.5299 0.00 II-2-X 0.00 0.00 1615,~~003~~290.0819 0.00 II-3-A 0.00 1615,~~310~~912,~~232~~254.8464 7674,~~013~~391.7875 0.00 II-4-A 0.00 3835,~~253~~898,~~412~~427.8095 ~~416~~1,~~890~~659,374.7476 0.00 I-B-1 0.00 5,~~846~~840,~~547~~112.7876 26,~~896~~855.1624 0.00 I-B-2 0.00 4,~~092~~087,~~194~~690.7263 18,~~825~~796.5388 0.00 I-B-3 0.00 2,~~338~~336,~~738~~164.7258 10,~~759~~742.0264 0.00 I-B-4 0.00 1,~~948~~946,~~616~~471.6994 8,~~964~~950.3168 0.00 I-B-5 0.00 ~~974~~973,~~408~~335.0253 4,~~482~~475.6279 0.00 I-B-6 0.00 ~~779~~778,~~727~~869.7555 3,~~587~~581.0256 0.00 II-B-1 0.00 2,~~731~~728,~~158~~120.9432 12,~~124~~104.1054 0.00 II-B-2 0.00 2,~~018~~016,~~964~~718.3914 8,~~962~~948.5409 0.00 II-B-3 0.00 1,~~424~~423,~~987~~401.1675 6,~~325~~315.7757 0.00 II-B-4 0.00 ~~712~~711,~~593~~800.2644 3,~~163~~158.3223 0.00 II-B-5 0.00 474,~~962~~434.5006 2,~~108~~105.4504 0.00 II-B-6 0.00 356,~~477~~080.0544 1,~~582~~579.4692 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 7.9738 0.00 Totals 0.00 ~~543~~518,~~502~~012,~~382~~285.1288 1214,~~039~~707,~~163~~525.5045 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-1-A 43,882,900.00 3938,~~281~~095,~~267~~871.4155 2221,~~754~~810.3834 ~~493~~1,~~262~~859,229.8813 0.00 0.00 I-2-A-1 48,829,500.00 4340,~~477~~246,~~247~~805.4245 2523,~~162~~582.3194 1,~~608~~370,~~422~~781.5019 0.00 0.00 I-2-A-2 78,127,200.00 6964,~~563~~394,~~595~~888.8672 4037,~~259~~732.70 2,~~573~~193,~~475~~249.9990 0.00 0.00 I-2-A-3 48,383,300.00 4339,~~079~~879,~~955~~033.8642 2423,~~932~~367.3844 1,~~593~~358,~~724~~255.8610 0.00 0.00 I-2-X 0.00 0.00 0.00 0.00 0.00 0.00 I-3-A 36,278,500.00 32,~~723~~692,~~134~~410.5008 1116,~~440~~394.7430 02,306.0068 0.00 0.00 I-4-A 100,807,000.00 8584,~~371~~751,~~120~~271.1068 53,~~035~~484.6465 ~~493~~912,~~417~~855.7191 0.00 0.00 I-4-A-M 18,691,000.00 18,691,000.00 0.00 0.00 0.00 0.00 II-1-A 66,445,900.00 5652,~~371~~380,~~733~~683.8980 3735,~~702~~450.9884 1983,~~743,870~~599.8093 0.00 0.00 II-1-X 0.00 0.00 0.00 0.00 0.00 0.00 II-2-A 95,628,200.00 8682,~~246~~476,~~746~~140.9865 4443,~~564~~888.8145 ~~800~~2,~~414~~143,712.8472 0.00 0.00 II-2-X 0.00 0.00 0.00 0.00 0.00 0.00 II-3-A 17,904,800.00 1615,~~321~~923,~~862~~966.6823 8,~~531~~596.1985 3,~~098~~114.6574 0.00 0.00 II-4-A 50,555,800.00 3837,~~497~~390,~~136~~072.9229 17,~~584~~361.0963 ~~226~~1,~~140~~474,282.0371 0.00 0.00 I-B-1 5,865,700.00 5,~~849~~843,~~758~~351.4140 3,~~210~~238.6364 0.00 0.00 0.00 I-B-2 4,105,600.00 4,~~094~~089,~~441~~957.9546 2,~~247~~266.2383 0.00 0.00 0.00 I-B-3 2,346,400.00 2,~~340~~337,~~023~~460.0410 1,~~284~~295.3252 0.00 0.00 0.00 I-B-4 1,955,000.00 1,~~949~~947,~~686~~551.7735 1,~~070~~079.0842 0.00 0.00 0.00 I-B-5 977,600.00 ~~974~~973,~~943~~875.1130 ~~535~~539.1076 0.00 0.00 0.00 I-B-6 782,282.05 ~~780~~779,~~155~~301.9447 ~~428~~431.1992 0.00 0.00 0.00 II-B-1 2,740,000.00 2,~~732~~729,~~656~~647.0161 1,~~497~~527.0729 0.00 0.00 0.00 II-B-2 2,025,500.00 2,~~020~~017,~~071~~847.0816 1,~~106~~129.6803 0.00 0.00 0.00 II-B-3 1,429,600.00 1,~~425~~424,~~768~~198.2662 ~~781~~796.1087 0.00 0.00 0.00 II-B-4 714,900.00 712,~~983~~198.8693 ~~390~~398.6049 0.00 0.00 0.00 II-B-5 476,500.00 ~~475~~474,~~222~~699.8467 ~~260~~265.3560 0.00 0.00 0.00 II-B-6 357,631.17 356,~~672~~279.4578 ~~195~~199.4035 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 R-IV 50.00 0.00 0.00 0.00 0.00 0.00 Totals 629,311,013.22 ~~553~~530,~~337~~608,~~185~~512.3472 ~~298~~294,~~974~~838.9786 912,~~535~~301,~~828~~388.2601 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-1-A ~~516~~1,~~017~~881,039.2647 3836,~~765~~214,~~250~~832.1508 0.~~88337941~~82526068 ~~516~~1,~~017~~881,039.2647 I-2-A-1 1,~~633~~394,~~584~~364.8112 4138,~~843~~852,~~662~~441.6133 0.~~85693408~~79567559 1,~~633~~394,~~584~~364.8112 I-2-A-2 2,~~613~~230,~~735~~982.6960 6662,~~949~~163,~~860~~906.1713 0.~~85693408~~79567559 2,~~613~~230,~~735~~982.6960 I-2-A-3 1,~~618~~381,~~657~~622.2454 4138,~~461~~497,~~298~~410.6288 0.~~85693408~~79567559 1,~~618~~381,~~657~~622.2454 I-2-X 0.00 0.00 0.00000000 0.00 I-3-A 1118,~~440~~700.7498 32,~~711~~673,~~693~~709.7610 0.~~90168264~~90063561 1118,~~440~~700.7498 I-4-A ~~546~~966,~~453~~340.3556 8483,~~824~~784,~~666~~931.7512 0.~~84145612~~83114200 ~~546~~966,~~453~~340.3556 I-4-A-M 0.00 18,691,000.00 1.00000000 0.00 II-1-A 1,~~781~~019,~~573~~050.7877 5451,~~590~~361,~~160~~633.1103 0.~~82157304~~77298423 1,~~781~~019,~~573~~050.7877 II-1-X 0.00 0.00 0.00000000 0.00 II-2-A ~~844~~2,~~979~~187,601.6517 8580,~~401~~288,~~767~~539.3348 0.~~89306049~~83959062 ~~844~~2,~~979~~187,601.6517 II-2-X 0.00 0.00 0.00000000 0.00 II-3-A 11,~~629~~711.8459 1615,~~310~~912,~~232~~254.8464 0.~~91094192~~88871446 11,~~629~~711.8459 II-4-A ~~243~~1,~~724~~491,644.1234 3835,~~253~~898,~~412~~427.8095 0.~~75665725~~71007536 ~~243~~1,~~724~~491,644.1234 I-B-1 3,~~210~~238.6364 5,~~846~~840,~~547~~112.7876 0.~~99673488~~99563782 3,~~210~~238.6364 I-B-2 2,~~247~~266.2383 4,~~092~~087,~~194~~690.7263 0.~~99673488~~99563782 2,~~247~~266.2383 I-B-3 1,~~284~~295.3252 2,~~338~~336,~~738~~164.7258 0.~~99673488~~99563782 1,~~284~~295.3252 I-B-4 1,~~070~~079.0842 1,~~948~~946,~~616~~471.6994 0.~~99673488~~99563782 1,~~070~~079.0842 I-B-5 ~~535~~539.1076 ~~974~~973,~~408~~335.0253 0.~~99673488~~99563782 ~~535~~539.1076 I-B-6 ~~428~~431.1992 ~~779~~778,~~727~~869.7555 0.~~99673481~~99563776 ~~428~~431.1992 II-B-1 1,~~497~~527.0729 2,~~731~~728,~~158~~120.9432 0.~~99677334~~99566435 1,~~497~~527.0729 II-B-2 1,~~106~~129.6803 2,~~018~~016,~~964~~718.3914 0.~~99677333~~99566435 1,~~106~~129.6803 II-B-3 ~~781~~796.1087 1,~~424~~423,~~987~~401.1675 0.~~99677334~~99566435 ~~781~~796.1087 II-B-4 ~~390~~398.6049 ~~712~~711,~~593~~800.2644 0.~~99677334~~99566434 ~~390~~398.6049 II-B-5 ~~260~~265.3560 474,~~962~~434.5006 0.~~99677335~~99566434 ~~260~~265.3560 II-B-6 ~~195~~199.4035 356,~~477~~080.0544 0.~~99677288~~99566388 ~~195~~199.4035 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-IV 0.00 0.00 0.00000000 0.00 Totals 912,~~834~~596,~~803~~226.2386 ~~543~~518,~~502~~012,~~382~~285.1288 0.~~86364670~~82314194 912,~~834~~596,~~803~~226.2386

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-1-A 43,882,900.00 ~~895~~868.~~13836620~~12566056 0.~~51852498~~49701228 1142.~~24043488~~36796406 0.00000000 I-2-A-1 48,829,500.00 ~~890~~824.~~38895381~~23136526 0.~~51530960~~48296501 3228.~~93956522~~07280824 0.00000000 I-2-A-2 78,127,200.00 ~~890~~824.~~38895366~~23136526 0.~~51530965~~48296496 3228.~~93956509~~07280819 0.00000000 I-2-A-3 48,383,300.00 ~~890~~824.~~38895363~~23136537 0.~~51530962~~48296499 3228.~~93956510~~07280818 0.00000000 I-2-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-3-A 36,278,500.00 901.~~99800157~~15109721 0.~~31535868~~45190126 0.~~00000000~~06358256 0.00000000 I-4-A 100,807,000.00 ~~846~~840.~~87690438~~72804151 0.~~52611069~~53056484 49.~~89467706~~05548137 0.00000000 I-4-A-M 18,691,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-1-A 66,445,900.00 ~~848~~788.~~38543672~~32078127 0.~~56742372~~53352938 2614.~~24497223~~80301915 0.00000000 II-1-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-2-A 95,628,200.00 ~~901~~862.~~89658469~~46672687 0.~~46602163~~45894882 822.~~37007117~~41716063 0.00000000 II-2-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-3-A 17,904,800.00 ~~911~~889.~~59145481~~36856206 0.~~47647502~~48014220 0.~~17306253~~17396117 0.00000000 II-4-A 50,555,800.00 ~~761~~739.~~47814731~~58027150 0.~~34781548~~34341520 429.~~47307787~~16149502 0.00000000 I-B-1 5,865,700.00 ~~997~~996.~~28223571~~18995175 0.~~54735667~~55213189 0.00000000 0.00000000 I-B-2 4,105,600.00 ~~997~~996.~~28223646~~18995031 0.~~54735727~~55213124 0.00000000 0.00000000 I-B-3 2,346,400.00 ~~997~~996.~~28223662~~18995056 0.~~54735765~~55213092 0.00000000 0.00000000 I-B-4 1,955,000.00 ~~997~~996.~~28223529~~18994885 0.~~54735550~~55213299 0.00000000 0.00000000 I-B-5 977,600.00 ~~997~~996.~~28223200~~18995499 0.~~54736088~~55212766 0.00000000 0.00000000 I-B-6 782,282.05 ~~997~~996.~~28216952~~18989085 0.~~54736012~~55212823 0.00000000 0.00000000 II-B-1 2,740,000.00 ~~997~~996.~~31971168~~22175547 0.~~54637591~~55740511 0.00000000 0.00000000 II-B-2 2,025,500.00 ~~997~~996.~~31971365~~22175265 0.~~54637373~~55740805 0.00000000 0.00000000 II-B-3 1,429,600.00 ~~997~~996.~~31971181~~22175434 0.~~54637661~~55740767 0.00000000 0.00000000 II-B-4 714,900.00 ~~997~~996.~~31970905~~22175129 0.~~54637012~~55740663 0.00000000 0.00000000 II-B-5 476,500.00 ~~997~~996.~~31970619~~22176285 0.~~54637985~~55739769 0.00000000 0.00000000 II-B-6 357,631.17 ~~997~~996.~~31924933~~22127456 0.~~54637296~~55741786 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 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 I-1-A 0.00000000 1142.~~75895987~~86497633 ~~883~~825.~~37940633~~26068423 0.~~88337941~~82526068 1142.~~75895987~~86497633 I-2-A-1 0.00000000 3328.~~45487482~~55577305 ~~856~~795.~~93407899~~67559221 0.~~85693408~~79567559 3328.~~45487482~~55577305 I-2-A-2 0.00000000 3328.~~45487474~~55577315 ~~856~~795.~~93407891~~67559224 0.~~85693408~~79567559 3328.~~45487474~~55577315 I-2-A-3 0.00000000 3328.~~45487472~~55577317 ~~856~~795.~~93407891~~67559220 0.~~85693408~~79567559 3328.~~45487472~~55577317 I-2-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-3-A 0.00000000 0.~~31535868~~51548383 ~~901~~900.~~68264289~~63561338 0.~~90168264~~90063561 0.~~31535868~~51548383 I-4-A 0.00000000 59.~~42078774~~58604621 ~~841~~831.~~45611664~~14199530 0.~~84145612~~83114200 59.~~42078774~~58604621 I-4-A-M 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-1-A 0.00000000 2615.~~81239595~~33654853 ~~821~~772.~~57304077~~98423274 0.~~82157304~~77298423 2615.~~81239595~~33654853 II-1-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-2-A 0.00000000 822.~~83609281~~87610945 ~~893~~839.~~06049188~~59061741 0.~~89306049~~83959062 822.~~83609281~~87610945 II-2-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-3-A 0.00000000 0.~~64953755~~65410337 ~~910~~888.~~94191725~~71445869 0.~~91094192~~88871446 0.~~64953755~~65410337 II-4-A 0.00000000 429.~~82089335~~50491022 ~~756~~710.~~65725396~~07536128 0.~~75665725~~71007536 429.~~82089335~~50491022 I-B-1 0.00000000 0.~~54735667~~55213189 ~~996~~995.~~73487904~~63781987 0.~~99673488~~99563782 0.~~54735667~~55213189 I-B-2 0.00000000 0.~~54735727~~55213124 ~~996~~995.~~73487919~~63781908 0.~~99673488~~99563782 0.~~54735727~~55213124 I-B-3 0.00000000 0.~~54735765~~55213092 ~~996~~995.~~73487896~~63781964 0.~~99673488~~99563782 0.~~54735765~~55213092 I-B-4 0.00000000 0.~~54735550~~55213299 ~~996~~995.~~73487980~~63782097 0.~~99673488~~99563782 0.~~54735550~~55213299 I-B-5 0.00000000 0.~~54736088~~55212766 ~~996~~995.~~73488134~~63781710 0.~~99673488~~99563782 0.~~54736088~~55212766 I-B-6 0.00000000 0.~~54736012~~55212823 ~~996~~995.~~73480940~~63776262 0.~~99673481~~99563776 0.~~54736012~~55212823 II-B-1 0.00000000 0.~~54637591~~55740511 ~~996~~995.~~77333577~~66435036 0.~~99677334~~99566435 0.~~54637591~~55740511 II-B-2 0.00000000 0.~~54637373~~55740805 ~~996~~995.~~77333498~~66434954 0.~~99677333~~99566435 0.~~54637373~~55740805 II-B-3 0.00000000 0.~~54637661~~55740767 ~~996~~995.~~77333520~~66434667 0.~~99677334~~99566435 0.~~54637661~~55740767 II-B-4 0.00000000 0.~~54637012~~55740663 ~~996~~995.~~77333893~~66434466 0.~~99677334~~99566434 0.~~54637012~~55740663 II-B-5 0.00000000 0.~~54637985~~55739769 ~~996~~995.~~77334732~~66434418 0.~~99677335~~99566434 0.~~54637985~~55739769 II-B-6 0.00000000 0.~~54637296~~55741786 ~~996~~995.~~77287637~~66388467 0.~~99677288~~99566388 0.~~54637296~~55741786 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 0.00000000 0.00000000 0.00000000 R-IV 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 I-1-A 43,882,900.00 4.~~13159~~13149% 3938,~~281~~095,~~267~~871.4155 ~~135~~131,~~245~~160.1343 0.00 0.00 I-2-A-1 48,829,500.00 3.~~93239~~92295% 4340,~~477~~246,~~247~~805.4245 ~~142~~131,~~474~~571.6784 0.00 0.00 I-2-A-2 78,127,200.00 4.~~51339~~50395% 6964,~~563~~394,~~595~~888.8672 ~~261~~241,~~639~~692.8580 0.00 0.00 I-2-A-3 48,383,300.00 3.~~80939~~79995% 4339,~~079~~879,~~955~~033.8642 ~~136~~126,~~757~~281.0695 0.00 0.00 I-2-X 0.00 0.62300% ~~156~~144,~~120~~520,~~799~~727.1459 8175,~~052~~030.7134 0.00 0.00 I-3-A 36,278,500.00 4.~~81481~~81488% 32,~~723~~692,~~134~~410.5008 131,~~296~~175.4305 0.00 0.00 I-4-A 100,807,000.00 5.~~25397~~25328% 8584,~~371~~751,~~120~~271.1068 ~~373~~371,~~780~~018.7746 0.00 0.00 I-4-A-M 18,691,000.00 5.~~25397~~25328% 18,691,000.00 81,~~834~~824.8921 0.00 0.00 II-1-A 66,445,900.00 3.~~84273~~81562% 5652,~~371~~380,~~733~~683.8980 ~~180~~166,~~517~~553.5983 0.00 0.00 II-1-X 0.00 0.14018% 5652,~~371~~380,~~733~~683.8980 6,~~585~~118.1694 0.00 0.00 II-2-A 95,628,200.00 4.~~51968~~51407% 8682,~~246~~476,~~746~~140.9865 ~~324~~310,~~839~~252.8655 0.00 0.00 II-2-X 0.00 0.22266% 8682,~~246~~476,~~746~~140.9865 1615,~~003~~303.0845 0.00 0.00 II-3-A 17,904,800.00 4.~~73357~~72755% 1615,~~321~~923,~~862~~966.6823 6462,~~383~~734.9350 0.00 0.00 II-4-A 50,555,800.00 5.~~39780~~38782% 3837,~~497~~390,~~136~~072.9229 ~~173~~167,~~166~~875.6283 0.00 0.00 I-B-1 5,865,700.00 4.~~85877~~85415% 5,~~849~~843,~~758~~351.4140 23,~~685~~637.5308 0.00 0.00 I-B-2 4,105,600.00 4.~~85877~~85415% 4,~~094~~089,~~441~~957.9546 16,~~578~~544.3038 0.00 0.00 I-B-3 2,346,400.00 4.~~85877~~85415% 2,~~340~~337,~~023~~460.0410 9,~~474~~455.7031 0.00 0.00 I-B-4 1,955,000.00 4.~~85877~~85415% 1,~~949~~947,~~686~~551.7735 7,~~894~~878.2308 0.00 0.00 I-B-5 977,600.00 4.~~85877~~85415% ~~974~~973,~~943~~875.1130 3,~~947~~939.5245 0.00 0.00 I-B-6 782,282.05 4.~~85877~~85415% ~~780~~779,~~155~~301.9447 3,~~158~~152.8337 0.00 0.00 II-B-1 2,740,000.00 4.~~66668~~65397% 2,~~732~~729,~~656~~647.0161 10,~~627~~586.0342 0.00 0.00 II-B-2 2,025,500.00 4.~~66668~~65397% 2,~~020~~017,~~071~~847.0816 7,~~855~~825.8684 0.00 0.00 II-B-3 1,429,600.00 4.~~66668~~65397% 1,~~425~~424,~~768~~198.2662 5,~~544~~523.6748 0.00 0.00 II-B-4 714,900.00 4.~~66668~~65397% 712,~~983~~198.8693 2,~~772~~762.7213 0.00 0.00 II-B-5 476,500.00 4.~~66668~~65397% ~~475~~474,~~222~~699.8467 1,~~848~~841.1003 0.00 0.00 II-B-6 357,631.17 4.~~66668~~65397% 356,~~672~~279.4578 1,~~387~~381.0676 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 R-III 50.00 0.00000% 0.00 0.00 0.00 0.00 R-IV 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 629,311,013.22 2,~~204~~113,~~352~~121.3051 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-1-A 0113.0061 0.00 ~~135~~131,~~245~~046.1282 0.00 3836,~~765~~214,~~250~~832.1508 I-2-A-1 0113.0096 0.00 ~~142~~131,~~474~~457.6788 0.00 4138,~~843~~852,~~662~~441.6133 I-2-A-2 0209.0035 0.00 ~~261~~241,~~639~~483.8546 0.00 6662,~~949~~163,~~860~~906.1713 I-2-A-3 0109.0038 0.00 ~~136~~126,~~757~~172.0657 0.00 4138,~~461~~497,~~298~~410.6288 I-2-X 064.0099 0.00 8174,~~052~~965.7136 0.00 ~~150~~139,~~254~~513,~~821~~758.4034 I-3-A 0113.0062 0.00 131,~~296~~061.43 0.00 32,~~711~~673,~~693~~709.7610 I-4-A 0321.0037 0.00 ~~373~~370,~~780~~697.7609 0.00 8483,~~824~~784,~~666~~931.7512 I-4-A-M 070.0087 0.00 81,~~834~~753.8934 0.00 18,691,000.00 II-1-A 0144.0026 0.00 ~~180~~166,~~517~~409.5957 0.00 5451,~~590~~361,~~160~~633.1103 II-1-X 05.0030 0.00 6,~~585~~113.1664 0.00 5451,~~590~~361,~~160~~633.1103 II-2-A 0268.0072 0.00 ~~324~~309,~~839~~983.8782 0.00 8580,~~401~~288,~~767~~539.3348 II-2-X 013.0026 0.00 1615,~~003~~290.0819 0.00 8580,~~401~~288,~~767~~539.3348 II-3-A 054.0034 0.00 6462,~~383~~680.9416 0.00 1615,~~310~~912,~~232~~254.8464 II-4-A 0145.0041 0.00 ~~173~~167,~~166~~730.6242 0.00 3835,~~253~~898,~~412~~427.8095 I-B-1 020.0047 0.00 23,~~685~~616.5360 0.00 5,~~846~~840,~~547~~112.7876 I-B-2 014.0033 0.00 16,~~578~~530.3005 0.00 4,~~092~~087,~~194~~690.7263 I-B-3 08.0019 0.00 9,~~474~~447.7012 0.00 2,~~338~~336,~~738~~164.7258 I-B-4 06.0082 0.00 7,~~894~~871.2326 0.00 1,~~948~~946,~~616~~471.6994 I-B-5 03.0041 0.00 3,~~947~~936.5203 0.00 ~~974~~973,~~408~~335.0253 I-B-6 02.0073 0.00 3,~~158~~149.8364 0.00 ~~779~~778,~~727~~869.7555 II-B-1 09.0017 0.00 10,~~627~~577.0325 0.00 2,~~731~~728,~~158~~120.9432 II-B-2 06.0078 0.00 7,~~855~~819.8606 0.00 2,~~018~~016,~~964~~718.3914 II-B-3 04.0078 0.00 5,~~544~~518.6770 0.00 1,~~424~~423,~~987~~401.1675 II-B-4 02.0039 0.00 2,~~772~~759.7274 0.00 ~~712~~711,~~593~~800.2644 II-B-5 01.0059 0.00 1,~~848~~839.1044 0.00 474,~~962~~434.5006 II-B-6 01.0020 0.00 1,~~387~~380.0657 0.00 356,~~477~~080.0544 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 0.00 0.00 0.00 R-IV 0.00 0.00 7.9738 0.00 0.00 Totals 01,830.0030 0.00 2,~~204~~111,~~360~~298.2759 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-1-A 43,882,900.00 4.~~13159~~13149% ~~895~~868.~~13836620~~12566056 32.~~08195516~~98887334 0.00000000 0.00000000 I-2-A-1 48,829,500.00 3.~~93239~~92295% ~~890~~824.~~38895381~~23136526 2.~~91779908~~69451541 0.00000000 0.00000000 I-2-A-2 78,127,200.00 4.~~51339~~50395% ~~890~~824.~~38895366~~23136526 3.~~34889578~~09358072 0.00000000 0.00000000 I-2-A-3 48,383,300.00 3.~~80939~~79995% ~~890~~824.~~38895363~~23136537 2.~~82653436~~61003177 0.00000000 0.00000000 I-2-X 0.00 0.62300% ~~890~~824.~~38895369~~23136529 0.~~46226024~~42791343 0.00000000 0.00000000 I-3-A 36,278,500.00 4.~~81481~~81488% 901.~~99800157~~15109721 3.~~61912510~~61577932 0.00000000 0.00000000 I-4-A 100,807,000.00 5.~~25397~~25328% ~~846~~840.~~87690438~~72804151 3.~~70788507~~68048310 0.00000000 0.00000000 I-4-A-M 18,691,000.00 5.~~25397~~25328% 1000.00000000 4.~~37830453~~37773313 0.00000000 0.00000000 II-1-A 66,445,900.00 3.~~84273~~81562% ~~848~~788.~~38543672~~32078127 2.~~71676040~~50660808 0.00000000 0.00000000 II-1-X 0.00 0.14018% ~~848~~788.~~38543672~~32078127 0.~~09910559~~09208905 0.00000000 0.00000000 II-2-A 95,628,200.00 4.~~51968~~51407% ~~901~~862.~~89658469~~46672687 3.~~39690447~~24436254 0.00000000 0.00000000 II-2-X 0.00 0.22266% ~~901~~862.~~89658469~~46672687 0.~~16734687~~16003072 0.00000000 0.00000000 II-3-A 17,904,800.00 4.~~73357~~72755% ~~911~~889.~~59145481~~36856206 3.~~59590333~~50378111 0.00000000 0.00000000 II-4-A 50,555,800.00 5.~~39780~~38782% ~~761~~739.~~47814731~~58027150 3.~~42525724~~32060476 0.00000000 0.00000000 I-B-1 5,865,700.00 4.~~85877~~85415% ~~997~~996.~~28223571~~18995175 4.~~03797160~~02971171 0.00000000 0.00000000 I-B-2 4,105,600.00 4.~~85877~~85415% ~~997~~996.~~28223646~~18995031 4.~~03797253~~02971064 0.00000000 0.00000000 I-B-3 2,346,400.00 4.~~85877~~85415% ~~997~~996.~~28223662~~18995056 4.~~03797307~~02970934 0.00000000 0.00000000 I-B-4 1,955,000.00 4.~~85877~~85415% ~~997~~996.~~28223529~~18994885 4.~~03796931~~02970844 0.00000000 0.00000000 I-B-5 977,600.00 4.~~85877~~85415% ~~997~~996.~~28223200~~18995499 4.~~03797054~~02971563 0.00000000 0.00000000 I-B-6 782,282.05 4.~~85877~~85415% ~~997~~996.~~28216952~~18989085 4.~~03796815~~02971026 0.00000000 0.00000000 II-B-1 2,740,000.00 4.~~66668~~65397% ~~997~~996.~~31971168~~22175547 3.~~87847810~~86365693 0.00000000 0.00000000 II-B-2 2,025,500.00 4.~~66668~~65397% ~~997~~996.~~31971365~~22175265 3.~~87847939~~86365836 0.00000000 0.00000000 II-B-3 1,429,600.00 4.~~66668~~65397% ~~997~~996.~~31971181~~22175434 3.~~87847650~~86365417 0.00000000 0.00000000 II-B-4 714,900.00 4.~~66668~~65397% ~~997~~996.~~31970905~~22175129 3.~~87847251~~86365925 0.00000000 0.00000000 II-B-5 476,500.00 4.~~66668~~65397% ~~997~~996.~~31970619~~22176285 3.~~87848898~~86365163 0.00000000 0.00000000 II-B-6 357,631.17 4.~~66668~~65397% ~~997~~996.~~31924933~~22127456 3.~~87846507~~86364533 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 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 I-1-A 0.~~00000000~~00258894 0.00000000 32.~~08195493~~98628441 0.00000000 ~~883~~825.~~37940633~~26068423 I-2-A-1 0.~~00000000~~00233384 0.00000000 2.~~91779908~~69218157 0.00000000 ~~856~~795.~~93407899~~67559221 I-2-A-2 0.~~00000000~~00267960 0.00000000 3.~~34889578~~09090125 0.00000000 ~~856~~795.~~93407891~~67559224 I-2-A-3 0.~~00000000~~00226070 0.00000000 2.~~82653436~~60777107 0.00000000 ~~856~~795.~~93407891~~67559220 I-2-X 0.~~00000000~~00037065 0.00000000 0.~~46226024~~42754283 0.00000000 ~~856~~795.~~93407893~~67559222 I-3-A 0.~~00000000~~00313188 0.00000000 3.~~61912510~~61264744 0.00000000 ~~901~~900.~~68264289~~63561338 I-4-A 0.~~00000000~~00318797 0.00000000 3.~~70788497~~67729513 0.00000000 ~~841~~831.~~45611664~~14199530 I-4-A-M 0.~~00000000~~00379166 0.00000000 4.~~37830453~~37394147 0.00000000 1000.00000000 II-1-A 0.~~00000000~~00217109 0.00000000 2.~~71676040~~50443699 0.00000000 ~~821~~772.~~57304077~~98423274 II-1-X 0.~~00000000~~00007976 0.00000000 0.~~09910559~~09200929 0.00000000 ~~821~~772.~~57304077~~98423274 II-2-A 0.~~00000000~~00281005 0.00000000 3.~~39690457~~24155239 0.00000000 ~~893~~839.~~06049188~~59061741 II-2-X 0.~~00000000~~00013866 0.00000000 0.~~16734687~~15989206 0.00000000 ~~893~~839.~~06049188~~59061741 II-3-A 0.~~00000000~~00303494 0.00000000 3.~~59590389~~50074617 0.00000000 ~~910~~888.~~94191725~~71445869 II-4-A 0.~~00000000~~00287623 0.00000000 3.~~42525724~~31772853 0.00000000 ~~756~~710.~~65725396~~07536128 I-B-1 0.~~00000000~~00348978 0.00000000 4.~~03797160~~02622023 0.00000000 ~~996~~995.~~73487904~~63781987 I-B-2 0.~~00000000~~00349035 0.00000000 4.~~03797253~~02622028 0.00000000 ~~996~~995.~~73487919~~63781908 I-B-3 0.~~00000000~~00349045 0.00000000 4.~~03797307~~02621889 0.00000000 ~~996~~995.~~73487896~~63781964 I-B-4 0.~~00000000~~00348849 0.00000000 4.~~03796931~~02621995 0.00000000 ~~996~~995.~~73487980~~63782097 I-B-5 0.~~00000000~~00348813 0.00000000 4.~~03797054~~02621727 0.00000000 ~~996~~995.~~73488134~~63781710 I-B-6 0.~~00000000~~00348979 0.00000000 4.~~03796815~~02622047 0.00000000 ~~996~~995.~~73480940~~63776262 II-B-1 0.~~00000000~~00334672 0.00000000 3.~~87847810~~86031022 0.00000000 ~~996~~995.~~77333577~~66435036 II-B-2 0.~~00000000~~00334732 0.00000000 3.~~87847939~~86031103 0.00000000 ~~996~~995.~~77333498~~66434954 II-B-3 0.~~00000000~~00334359 0.00000000 3.~~87847650~~86031058 0.00000000 ~~996~~995.~~77333520~~66434667 II-B-4 0.~~00000000~~00334312 0.00000000 3.~~87847251~~86031613 0.00000000 ~~996~~995.~~77333893~~66434466 II-B-5 0.~~00000000~~00333683 0.00000000 3.~~87848898~~86031480 0.00000000 ~~996~~995.~~77334732~~66434418 II-B-6 0.~~00000000~~00335541 0.00000000 3.~~87846507~~86031788 0.00000000 ~~996~~995.~~77287637~~66388467 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 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 ~~159~~147.~~40000000~~60000000 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 1214,~~155~~827,~~506~~520.0646 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2316,~~081~~174.0542 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1214,~~178~~843,~~587~~694.1188 Withdrawals Reimbursement for Servicer Advances 2224,~~776~~435.6775 Payment of Service Fee ~~116~~111,~~646~~733.9468 Payment of Interest and Principal 1214,~~039~~707,~~163~~525.5045 Total Withdrawals (Pool Distribution Amount) 1214,~~178~~843,~~587~~694.1188 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 01,830.0030 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 01,830.0030

SERVICING FEES Gross Servicing Fee ~~103~~99,~~464~~262.1378 Additional Servicing Fee 11,~~979~~445.6253 Miscellaneous Fee 1,~~203~~025.1937 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~116~~111,~~646~~733.9468

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 1110 0 0 0 1110 4,~~389~~030,~~788~~549.8866 0.00 0.00 0.00 4,~~389~~030,~~788~~549.8866 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 10 0 10 0.00 0.00 ~~387,565~~0.2300 0.00 ~~387,565~~0.2300 150 Days 0 0 10 0 10 0.00 0.00 ~~145,277~~0.5200 0.00 ~~145,277~~0.5200 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1110 0 20 0 1310 4,~~389~~030,~~788~~549.8866 0.00 ~~532,842~~0.7500 0.00 4,~~922~~030,~~631~~549.6366 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.~~915141~~870322% 0.000000% 0.000000% 0.000000% 0.~~915141~~870322% 0.~~807363~~777755% 0.000000% 0.000000% 0.000000% 0.~~807363~~777755% 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.~~083195~~000000% 0.000000% 0.~~083195~~000000% 0.000000% 0.000000% 0.~~071280~~000000% 0.000000% 0.~~071280~~000000% 150 Days 0.000000% 0.000000% 0.~~083195~~000000% 0.000000% 0.~~083195~~000000% 0.000000% 0.000000% 0.~~026719~~000000% 0.000000% 0.~~026719~~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.~~915141~~870322% 0.000000% 0.~~166389~~000000% 0.000000% 10.~~081531~~870322% 0.~~807363~~777755% 0.000000% 0.~~098000~~000000% 0.000000% 0.~~905363~~777755%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-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 21 0 0 0 2 1 62,~~192,096~~993.1759 0.00 0.00 0.00 162,~~192,096~~993.1759 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 21 0 0 0 2 1 62,~~192,096~~993.1759 0.00 0.00 0.00 162,~~192,096~~993.1759 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~739726~~449275% 0.000000% 0.000000% 0.000000% 21.~~739726~~449275% 20.~~983244~~167522% 0.000000% 0.000000% 0.000000% 20.~~983244~~167522% 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 21.~~739726~~449275% 0.000000% 0.000000% 0.000000% 21.~~739726~~449275% 20.~~983244~~167522% 0.000000% 0.000000% 0.000000% 20.~~983244~~167522% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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 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 75 0 0 0 75 2,~~273~~044,~~373~~742.6151 0.00 0.00 0.00 2,~~273~~044,~~373~~742.6151 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 10 0 10 0.00 0.00 ~~387,565~~0.2300 0.00 ~~387,565~~0.2300 150 Days 0 0 10 0 10 0.00 0.00 ~~145,277~~0.5200 0.00 ~~145,277~~0.5200 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 75 0 20 0 95 2,~~273~~044,~~373~~742.6151 0.00 ~~532,842~~0.7500 0.00 2,~~806~~044,~~216~~742.3651 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~977401~~506024% 0.000000% 0.000000% 0.000000% 1.~~977401~~506024% 1.~~440788~~390629% 0.000000% 0.000000% 0.000000% 1.~~440788~~390629% 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.~~282486~~000000% 0.000000% 0.~~282486~~000000% 0.000000% 0.000000% 0.~~245626~~000000% 0.000000% 0.~~245626~~000000% 150 Days 0.000000% 0.000000% 0.~~282486~~000000% 0.000000% 0.~~282486~~000000% 0.000000% 0.000000% 0.~~092072~~000000% 0.000000% 0.~~092072~~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.~~977401~~506024% 0.000000% 0.~~564972~~000000% 0.000000% 21.~~542373~~506024% 1.~~440788~~390629% 0.000000% 0.~~337698~~000000% 0.000000% 1.~~778485~~390629% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 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 I-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 13 0 0 0 13 ~~381~~922,~~778~~813.3456 0.00 0.00 0.00 ~~381~~922,~~778~~813.3456 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 ~~381~~922,~~778~~813.3456 0.00 0.00 0.00 ~~381~~922,~~778~~813.3456 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~431034~~304348% 0.000000% 0.000000% 0.000000% 01.~~431034~~304348% 0.~~351387~~857580% 0.000000% 0.000000% 0.000000% 0.~~351387~~857580% 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 01.~~431034~~304348% 0.000000% 0.000000% 0.000000% 01.~~431034~~304348% 0.~~351387~~857580% 0.000000% 0.000000% 0.000000% 0.~~351387~~857580% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 01 0 0 0 01 01,000,000.00 0.00 0.00 0.00 01,000,000.00 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 01 0 0 0 01 01,000,000.00 0.00 0.00 0.00 01,000,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~735294% 0.000000% 0.000000% 0.000000% 0.~~000000~~735294% 01.~~000000~~865284% 0.000000% 0.000000% 0.000000% 01.~~000000~~865284% 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~~735294% 0.000000% 0.000000% 0.000000% 0.~~000000~~735294% 01.~~000000~~865284% 0.000000% 0.000000% 0.000000% 01.~~000000~~865284% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 10 0 0 0 10 ~~542,540~~0.7600 0.00 0.00 0.00 ~~542,540~~0.7600 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 10 0 0 0 10 ~~542,540~~0.7600 0.00 0.00 0.00 ~~542,540~~0.7600 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~510204~~000000% 0.000000% 0.000000% 0.000000% 0.~~510204~~000000% 0.~~612123~~000000% 0.000000% 0.000000% 0.000000% 0.~~612123~~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.~~510204~~000000% 0.000000% 0.000000% 0.000000% 0.~~510204~~000000% 0.~~612123~~000000% 0.000000% 0.000000% 0.000000% 0.~~612123~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2316,~~081~~174.0542

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~033475~~031648% Weighted Average Net Coupon 4.~~809096~~807159% Weighted Average Pass-Through Rate 4.~~780507~~778956% Weighted Average Maturity(Stepdown Calculation ) ~~354~~352 Beginning Scheduled Collateral Loan Count 1,~~224~~175 Number Of Loans Paid In Full 2226 Ending Scheduled Collateral Loan Count 1,~~202~~149 Beginning Scheduled Collateral Balance ~~553~~530,~~337~~608,~~185~~512.4379 Ending Scheduled Collateral Balance ~~543~~518,~~502~~012,~~382~~285.1994 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~543~~518,~~719~~228,~~052~~744.9844 Monthly P &I Constant 2,~~624~~519,~~796~~701.1140 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 ~~543~~518,~~502~~012,~~382~~285.1994 Scheduled Principal ~~303~~294,~~788~~838.9285 Unscheduled Principal 912,~~531~~301,~~014~~388.3200

Group Level Collateral Statement Group Group I-1 Group I-2 Group I-3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~395246~~395519 5.~~034820~~025713 5.~~064811~~064881 Weighted Average Net Rate 4.~~143922~~144160 4.~~839247~~832230 4.~~814811~~814881 Weighted Average Maturity ~~353~~351 ~~353~~351 ~~354~~352 Beginning Loan Count ~~103~~99 ~~366~~343 70 Loans Paid In Full 14 1211 0 Ending Loan Count ~~102~~95 ~~354~~332 70 Beginning Scheduled Balance 4139,~~151~~964,~~625~~076.2155 ~~163~~151,~~595~~987,~~920~~245.3804 34,~~270~~238,~~462~~197.3148 Ending scheduled Balance 4038,~~634~~081,~~524~~967.51 ~~157~~146,~~725~~975,~~616~~900.4472 34,~~258~~218,~~252~~721.9633 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant ~~174~~169,~~564~~265.0862 ~~781~~725,~~077~~595.3301 161,~~667~~679.8180 Scheduled Principal 2322,~~837~~879.8291 9489,~~680~~058.5914 17,~~023~~169.2947 Unscheduled Principal ~~493~~1,~~262~~859,229.8813 54,~~775~~922,~~623~~286.3518 (42,~~813~~306.~~94)~~68 Scheduled Interest ~~150~~146,~~726~~385.2671 ~~686~~636,~~396~~536.7487 144,~~644~~510.5233 Servicing Fees 8,~~618~~371.6610 2624,~~662~~505.5073 7,~~139~~132.6896 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 422.8714 87,~~023~~761.6452 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 ~~141~~137,~~684~~592.7347 ~~651~~604,~~710~~269.6062 137,~~504~~377.8437 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 4.~~131592~~131485 4.~~780393~~770950 4.~~814811~~814881

Group Level Collateral Statement Group Group I-4 Group II-1 Group II-2 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~504936~~503946 4.~~232906~~205796 4.~~994335~~986730 Weighted Average Net Rate 5.~~254274~~253280 3.~~982906~~955796 4.~~805503~~796777 Weighted Average Maturity ~~353~~351 ~~353~~351 ~~353~~351 Beginning Loan Count ~~234~~232 ~~147~~139 ~~198~~190 Loans Paid In Full 2 3 4 2 Ending Loan Count ~~232~~230 ~~143~~136 ~~196~~186 Beginning Scheduled Balance ~~109~~108,~~158~~533,~~322~~258.4184 5854,~~596~~602,~~521~~463.1530 8985,~~451~~677,~~118~~192.1741 Ending scheduled Balance ~~108~~107,~~609~~564,~~271~~285.7699 5653,~~813~~581,~~459~~908.3785 8883,~~604~~487,~~482~~887.7885 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant ~~556~~553,~~390~~917.9690 ~~245~~228,~~885~~326.6089 ~~418~~401,~~511~~632.2468 Scheduled Principal 5556,~~632~~116.94 3936,~~190~~954.9852 4645,~~220~~591.5584 Unscheduled Principal ~~493~~912,~~417~~855.7191 1983,~~743,870~~599.8093 ~~800~~2,~~414~~143,712.8472 Scheduled Interest ~~500~~497,~~758~~800.0296 ~~206~~191,~~694~~372.6237 ~~372~~356,~~290~~040.6984 Servicing Fees 22,~~801~~671.5331 1211,~~207~~375.6151 1413,~~076~~562.0317 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 280.1100 0.00 4,~~708~~287.1924 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 ~~477~~475,~~928~~129.3865 ~~194~~179,~~487~~996.0186 ~~353~~338,~~506~~191.4743 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 5.~~253966~~253280 3.~~982906~~955796 4.~~742342~~736730

Group Level Collateral Statement Group Group II-3 Group II-4 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~983573~~977553 5.~~649580~~639644 5.~~033475~~031648 Weighted Average Net Rate 4.~~733573~~727553 5.~~397802~~387820 4.~~809096~~807159 Weighted Average Maturity 2826.00 ~~353~~351.00 ~~354~~352.00 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant 7977,~~120~~458.8048 ~~207~~201,~~578~~825.2902 2,~~624~~519,~~796~~701.1140 Beginning Loan Count 3231 7471 1,~~224~~175 Loans Paid In Full 0 12 2226 Ending Loan Count 3231 7369 1,~~202~~149 Beginning Scheduled Balance 16,~~921~~523,~~838~~313.7975 4039,~~191~~082,~~377~~765.0142 ~~553~~530,~~337~~608,~~185~~512.4379 Ending Scheduled Balance 16,~~909~~511,~~895~~278.3559 3937,~~946~~590,~~879~~335.0210 ~~543~~518,~~502~~012,~~382~~285.1994 Scheduled Principal 8,~~844~~920.7942 18,~~357~~147.9661 ~~303~~294,~~788~~838.9285 Unscheduled Principal 3,~~098~~114.6574 ~~226~~1,~~140~~474,282.0371 912,~~531~~301,~~014~~388.3200 Scheduled Interest 7068,~~276~~538.0106 ~~189~~183,~~220~~677.3341 2,~~321~~224,~~007~~862.1955 Servicing Fee 3,~~525~~442.3836 8,~~432~~201.7464 ~~103~~99,~~464~~262.1378 Master Servicing Fee 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 1312,~~182~~470.8190 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 6665,~~750~~095.6370 ~~180~~175,~~787~~475.5977 2,~~204~~113,~~360~~128.2587 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 4.~~733573~~727553 5.~~397803~~387820 4.~~780507~~778956

Miscellaneous Reporting Group Group I-1 Avearge Loss Severity % Group I-1 0.000000% Senior Percentage Group I-1 95.~~454961~~325290% Senior Prep. Percentage Group I-1 100.000000% Subordinate Percentage Group I-1 4.~~545039~~674710% Subordinate Prep. Percentage Group I-1 0.000000% Group Group I-2 Avearge Loss Severity % Group I-2 0.000000% Senior Percentage Group I-2 95.~~430742~~087406% Senior Prep. Percentage Group I-2 100.000000% Subordinate Percentage Group I-2 4.~~569258~~912594% Subordinate Prep. Percentage Group I-2 0.000000% Group Group I-3 Avearge Loss Severity % Group I-3 0.000000% Senior Percentage Group I-3 95.~~484953~~485197% Senior Prep. Percentage Group I-3 100.000000% Subordinate Percentage Group I-3 4.~~515047~~514803% Subordinate Prep. Percentage Group I-3 0.000000%

Miscellaneous Reporting Group Group I-4 Avearge Loss Severity % Group I-4 0.000000% Senior Percentage Group I-4 95.~~331367~~309284% Senior Prep. Percentage Group I-4 100.000000% Subordinate Percentage Group I-4 4.~~668633~~690716% Subordinate Prep. Percentage Group I-4 0.000000% Group Group II-1 Avearge Loss Severity % Group II-1 0.000000% Senior Percentage Group II-1 9695.~~203210~~930991% Senior Prep. Percentage Group II-1 100.000000% Subordinate Percentage Group II-1 34.~~796790~~069009% Subordinate Prep. Percentage Group II-1 0.000000% Group Group II-2 Avearge Loss Severity % Group II-2 0.000000% Senior Percentage Group II-2 96.~~417741~~263823% Senior Prep. Percentage Group II-2 100.000000% Subordinate Percentage Group II-2 3.~~582259~~736177% Subordinate Prep. Percentage Group II-2 0.000000%

Miscellaneous Reporting Group Group II-3 Avearge Loss Severity % Group II-3 0.000000% Senior Percentage Group II-3 96.~~454428~~372716% Senior Prep. Percentage Group II-3 100.000000% Subordinate Percentage Group II-3 3.~~545572~~627284% Subordinate Prep. Percentage Group II-3 0.000000% Group Group II-4 Avearge Loss Severity % Group II-4 0.000000% Senior Percentage Group II-4 95.~~784569~~668953% Senior Prep. Percentage Group II-4 100.000000% Subordinate Percentage Group II-4 4.~~215431~~331047% Subordinate Prep. Percentage Group II-4 0.000000%

Group

Filing Compare · STRUCTURED ASSET MORT INV II INC BEAR STEARNS ARM TR 2004 2