8-K 1 gma04he2_nov.txt NOVEMBER 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): November 26, 2004 GMACM Home Equity Loan Trust Home Equity Loan-Backed Termed Notes, Series 2004-HE2 New York (governing law of 333-110437-09 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road 21045 Columbia, Maryland (Zip Code) (Address of principal executive offices) 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 Home Equity Loan Backed Term Notes Series 2004-HE2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan-Backed Termed Notes, Series 2004-HE2, 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. GMACM Home Equity Loan Trust Home Equity Loan-Backed Variable Pay Revolving Notes, Series 2004-HE2 By: Wells Fargo Bank Minnesota, N.A., as Indenture Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/02/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan-Backed Variable Pay Revolving Notes, Series 2004-HE2, relating to the November 26, 2004 distribution.

Home Equity Loan-Backed Term Notes, GMACM Series 2004-HE2 Payment ~~Date 09~~11/2726/2004 Date Servicing Certificate Group 1 Beginning Pool Balance ~~594~~543,~~696~~326,~~866~~401.1338 Beginning PFA 0.00 Ending Pool Balance ~~569~~519,~~401~~350,~~707~~773.5618 Ending PFA Balance - Principal Collections 2523,~~187~~831,~~017~~773.6483 Principal Draws - Net Principal Collections 2523,~~187~~831,~~017~~773.6483 Active Loan Count 1615,~~637~~332 Interest Collections 3,~~766~~271,~~449~~019.2277 Weighted Average Loan Rate 7.~~80408~~78108% Weighted Average Net Loan Rate 7.~~3041~~2811% Substitution Adjustment Amount 0.00 Beginning Ending Interest Security Term Notes Balance Balance Factor Principal Interest Shortfalls % Coupon Class A-1A 3919,~~246~~682,~~554~~742.6993 2910,~~855~~383,~~457~~048.5579 0.~~3613194~~1256587 9,~~391~~299,~~097~~694.14 35,035.28 0.00 0.0146 2.003% Class A-1B 70,897,000.00 70,897,000.00 1.0000000 0.00 129,347.64 0.00 0.0996 2.053% Class A-1C ~~186~~153,~~530~~399,~~906~~094.3239 ~~170~~137,~~626~~649,~~844~~826.8924 0.~~6562571~~5294224 15,~~904~~749,~~061~~268.4315 277,141.03 0.00 0.1935 2.033% Class A-2 152,808,000.00 152,808,000.00 1.0000000 0.00 ~~Class A-3 34~~366,~~034,000~~739.0020 ~~34,034,000~~0.00 10.~~0000000~~2148 02.00880% Class A-43 6634,~~708~~034,000.00 6634,~~708~~034,000.00 1.0000000 0.00 ~~Class A-IO 94~~120,~~000,000~~253.0047 ~~94,000,000~~0.00 0.000478 ~~Class M1 37,356,000~~4.00240% ~~37,356,000.00 1.0000000 0.00~~ Class M2A-4 766,~~116~~708,000.00 766,~~116~~708,000.00 1.0000000 0.00 ~~Certificates - - - - Interest Security Term Notes (con't) Interest Shortfalls % Coupon Class A-1A 63~~202,~~823~~903.6150 0.00 0.~~0420~~0938 13.~~685~~650% Class A-1BIO ~~112~~85,~~755~~000,000.7700 085,000,000.00 ~~0.0996~~ 1.~~735%~~0000000 ~~Class A-1C 298,796.57~~ 0.00 ~~0.2398 1.715% Class A-2 366~~425,~~739~~000.2000 0.00 0.~~2148~~1195 26.~~880~~000% Class ~~A-3~~M1 ~~120~~37,~~253~~356,000.4700 037,356,000.00 01.~~0478~~0000000 40.~~240%~~00 ~~Class A-4 202~~122,~~903~~963.50 0.00 0.~~0938~~0525 3.~~650~~950% Class ~~A-IO~~M2 ~~470~~7,116,000.00 07,116,000.00 01.~~1321~~0000000 ~~6.000% Class M1 122,963.50~~ 0.00 ~~0.0525 3.950% Class M2~~ 23,304.90 0.00 0.01 3.930% Certificates ~~1,492,558.39~~- - - - - - - - Beginning Overcollateralization Amount ~~405~~1,325,564.1206 Overcollateralization Amount Increase 1,073,334.09 (Decrease) ~~0.00~~ Outstanding Overcollateralization ~~Amount 405~~Amount2,398,898.1215 Overcollateralization Target ~~Amount~~ 7,115,484.05 Amount Credit Enhancement Draw Amount 0.00 Unreimbursed Prior Draws 0.00 Number Percent Balance of Loans of Balance Delinquent Loans (30 Days) 1,~~583~~821,~~135~~290.2367 5258 0.2835% Delinquent Loans (60 Days) ~~594~~565,~~779~~805.3248 21 0.1011% Delinquent Loans (90 Days) ~~255~~381,~~549~~806.19 1012 0.0407% Delinquent Loans (120 Days) ~~305~~136,~~495~~152.2750 85 0.0503% Delinquent Loans (150 Days) 39255,~~288~~653.9662 17 0.0105% Delinquent Loans (180+ Days) - 0 0.00% REO - 0 0.00% Bankruptcy ~~644~~1,~~579~~083,001.3024 2133 0.1121% Foreclosure 7465,~~386~~252.1877 13 0.0001% Liquidation To-Date Beginning Loss Amount 0147,429.0089 Current Month Loss Amount ~~108~~143,~~140~~854.9337 Current Month Prinicpal ~~Recovery~~ 0.00 Recovery Net Ending Loss Amount ~~108~~291,~~140~~284.9326 0.00 Net Recoveries to Date Beginning Net Principal Recovery Amount 0.00 Current Month Net Principal Recovery ~~Amount~~ 0.00 Amount Ending Net Principal Recovery Amount 0.00 Special Hazard Fraud Bankruptcy Beginning Amount 0.00 0.00 0.00 Current Month Loss Amount 0.00 0.00 0.00 Ending Amount - - - Liquidation Loss Distribution Amounts 0.00 Extraordinary Event Losses 0.00 Excess Loss Amounts 0.00 Capitalized Interest Account Beginning Balance 0.00 Withdraw relating to Collection Period 0.00 Interest Earned (Zero, Paid to Funding ~~Account)~~ 0.00 Account) Remaining Balance to GMAC Mortgage 0.00 Total Ending Capitalized Interest Account ~~Balance as~~ 0.00 Balance as Interest earned for Collection Period 0.00 Interest withdrawn related to prior 0.00 Collection Period ~~460.32~~ Prefunding Account Beginning Balance 0.00 Additional Purchases during Revolving Period 0.00 Excess of Draws over Principal Collections 0.00 Ending PFA Balance to Noteholders 0.00 Total Ending Balance as of Payment Date 0.00 Interest earned for Collection Period 0.00 Interest withdrawn related to prior ~~Collection Period~~ 0.00 Collection Period Current Month Repurchases Units 0 Current Month Repurchases ($) -

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