8-K 1 ace04in1_dec.txt DECEMBER 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): December 27, 2004 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110039-08 54-2152473 Pooling and Servicing Agreement) (Commission 54-2152474 (State or other File Number) IRS EIN jurisdiction 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 December 27, 2004 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust, relating to the December 27, 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-IN1 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: 12/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust, relating to the December 27, 2004 distribution. EX-99.1

ACE Securities Corporation Asset- Backed Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ACE Securities Corporation Asset Backed Pass-Through Certificates Series: 2004-IN1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 004421FD0 SEN 2.~~25250~~50000% ~~180~~173,~~935~~106,~~776~~199.3619 ~~362~~372,~~273~~659.6318 710,~~829~~308,~~577~~149.1780 A-2A 004421FE8 SEN 2.~~08250~~33000% 1917,~~512~~188,~~617~~516.8506 3634,~~120~~486.0285 21,~~324~~235,~~101~~925.7906 A-2B 004421FF5 SEN 2.~~38250~~63000% 19,326,000.00 4043,~~928~~768.1702 0.00 M-1 004421FG3 MEZ 2.~~58250~~83000% 18,660,000.00 4245,~~835~~473.0738 0.00 M-2 004421FH1 MEZ 3.~~18250~~43000% 13,792,000.00 3940,~~016~~736.0420 0.00 M-3 004421FJ7 MEZ 3.~~43250~~68000% 4,056,000.00 12,~~375~~853.3101 0.00 M-4 004421FK4 MEZ 4.~~03250~~28000% 4,056,000.00 14,~~538~~948.5161 0.00 M-5 004421FL2 MEZ 4.~~43250~~68000% 2,434,000.00 9,~~589~~809.9602 0.00 M-6 004421FM0 MEZ 5.~~43250~~68000% 2,434,000.00 11,~~753~~904.5296 0.00 B 004421FN8 SUB 5.~~43250~~68000% 5,679,000.00 27,~~423~~776.2662 0.00 CE 111290490 JUN 0.00000% 7,139,368.04 1930,~~007,363~~226.0756 0.00 P 111290482 SEN 0.00000% 100.00 ~~189~~150,~~984~~002.0607 0.00 R 111290508 SEN 0.00000% 0.00 0.00 0.00 Totals ~~278~~267,~~024~~871,~~862~~183.2529 1,~~794~~694,~~200~~644.6248 1011,~~153~~544,~~678~~074.9686

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~173~~162,~~106~~798,~~199~~049.1939 810,~~191~~680,~~850~~808.8098 0.00 A-2A 0.00 1715,~~188~~952,~~516~~591.0600 21,~~360~~270,~~221~~411.8191 0.00 A-2B 0.00 19,326,000.00 4043,~~928~~768.1702 0.00 M-1 0.00 18,660,000.00 4245,~~835~~473.0738 0.00 M-2 0.00 13,792,000.00 3940,~~016~~736.0420 0.00 M-3 0.00 4,056,000.00 12,~~375~~853.3101 0.00 M-4 0.00 4,056,000.00 14,~~538~~948.5161 0.00 M-5 0.00 2,434,000.00 9,~~589~~809.9602 0.00 M-6 0.00 2,434,000.00 11,~~753~~904.5296 0.00 B 0.00 5,679,000.00 27,~~423~~776.2662 0.00 CE 0.00 7,139,368.04 1930,~~007,363~~226.0756 0.00 P 0.00 100.00 ~~189~~150,~~984~~002.0607 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~267~~256,~~871~~327,~~183~~108.2943 1113,~~947~~238,~~879~~719.5834 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 214,890,000.00 ~~180~~173,~~935~~106,~~776~~199.3619 0.00 710,~~829~~308,~~577~~149.1780 0.00 0.00 A-2A 32,050,000.00 1917,~~512~~188,~~617~~516.8506 0.00 21,~~324~~235,~~101~~925.7906 0.00 0.00 A-2B 19,326,000.00 19,326,000.00 0.00 0.00 0.00 0.00 M-1 18,660,000.00 18,660,000.00 0.00 0.00 0.00 0.00 M-2 13,792,000.00 13,792,000.00 0.00 0.00 0.00 0.00 M-3 4,056,000.00 4,056,000.00 0.00 0.00 0.00 0.00 M-4 4,056,000.00 4,056,000.00 0.00 0.00 0.00 0.00 M-5 2,434,000.00 2,434,000.00 0.00 0.00 0.00 0.00 M-6 2,434,000.00 2,434,000.00 0.00 0.00 0.00 0.00 B 5,679,000.00 5,679,000.00 0.00 0.00 0.00 0.00 CE 7,139,629.00 7,139,368.04 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 324,516,729.00 ~~278~~267,~~024~~871,~~862~~183.2529 0.00 1011,~~153~~544,~~678~~074.9686 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 710,~~829~~308,~~577~~149.1780 ~~173~~162,~~106~~798,~~199~~049.1939 0.~~80555726~~75758783 710,~~829~~308,~~577~~149.1780 A-2A 21,~~324~~235,~~101~~925.7906 1715,~~188~~952,~~516~~591.0600 0.~~53630315~~49774075 21,~~324~~235,~~101~~925.7906 A-2B 0.00 19,326,000.00 1.00000000 0.00 M-1 0.00 18,660,000.00 1.00000000 0.00 M-2 0.00 13,792,000.00 1.00000000 0.00 M-3 0.00 4,056,000.00 1.00000000 0.00 M-4 0.00 4,056,000.00 1.00000000 0.00 M-5 0.00 2,434,000.00 1.00000000 0.00 M-6 0.00 2,434,000.00 1.00000000 0.00 B 0.00 5,679,000.00 1.00000000 0.00 CE 0.00 7,139,368.04 0.99996345 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1011,~~153~~544,~~678~~074.9686 ~~267~~256,~~871~~327,~~183~~108.2943 0.~~82544645~~78987333 1011,~~153~~544,~~678~~074.9686

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 214,890,000.00 ~~841~~805.~~99253739~~55725809 0.00000000 3647.~~43527931~~96942529 0.00000000 A-2A 32,050,000.00 ~~608~~536.~~81802964~~30315320 0.00000000 7238.~~51487644~~56240437 0.00000000 A-2B 19,326,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 18,660,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 13,792,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 4,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 4,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 2,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 2,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 5,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 7,139,629.00 999.96344908 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per 1,000 Denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 3647.~~43527931~~96942529 ~~805~~757.~~55725809~~58783280 0.~~80555726~~75758783 3647.~~43527931~~96942529 A-2A 0.00000000 7238.~~51487644~~56240437 ~~536~~497.~~30315320~~74074883 0.~~53630315~~49774075 7238.~~51487644~~56240437 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.96344908 0.99996345 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 214,890,000.00 2.~~25250~~50000% ~~180~~173,~~935~~106,~~776~~199.3619 ~~362~~372,~~273~~659.6318 0.00 0.00 A-2A 32,050,000.00 2.~~08250~~33000% 1917,~~512~~188,~~617~~516.8506 3634,~~120~~486.0285 0.00 0.00 A-2B 19,326,000.00 2.~~38250~~63000% 19,326,000.00 4043,~~928~~768.1702 0.00 0.00 M-1 18,660,000.00 2.~~58250~~83000% 18,660,000.00 4245,~~835~~473.0738 0.00 0.00 M-2 13,792,000.00 3.~~18250~~43000% 13,792,000.00 3940,~~016~~736.0420 0.00 0.00 M-3 4,056,000.00 3.~~43250~~68000% 4,056,000.00 12,~~375~~853.3101 0.00 0.00 M-4 4,056,000.00 4.~~03250~~28000% 4,056,000.00 14,~~538~~948.5161 0.00 0.00 M-5 2,434,000.00 4.~~43250~~68000% 2,434,000.00 9,~~589~~809.9602 0.00 0.00 M-6 2,434,000.00 5.~~43250~~68000% 2,434,000.00 11,~~753~~904.5296 0.00 0.00 B 5,679,000.00 5.~~43250~~68000% 5,679,000.00 27,~~423~~776.2662 0.00 0.00 CE 7,139,629.00 0.00000% 7,139,368.04 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 324,516,729.00 ~~596~~614,~~853~~415.4985 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 ~~362~~372,~~273~~659.6318 0.00 ~~173~~162,~~106~~798,~~199~~049.1939 A-2A 0.00 0.00 3634,~~120~~486.0285 0.00 1715,~~188~~952,~~516~~591.0600 A-2B 0.00 0.00 4043,~~928~~768.1702 0.00 19,326,000.00 M-1 0.00 0.00 4245,~~835~~473.0738 0.00 18,660,000.00 M-2 0.00 0.00 3940,~~016~~736.0420 0.00 13,792,000.00 M-3 0.00 0.00 12,~~375~~853.3101 0.00 4,056,000.00 M-4 0.00 0.00 14,~~538~~948.5161 0.00 4,056,000.00 M-5 0.00 0.00 9,~~589~~809.9602 0.00 2,434,000.00 M-6 0.00 0.00 11,~~753~~904.5296 0.00 2,434,000.00 B 0.00 0.00 27,~~423~~776.2662 0.00 5,679,000.00 CE 0.00 0.00 1930,~~007,363~~226.0756 0.00 7,139,368.04 P 0.00 0.00 ~~189~~150,~~984~~002.0607 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~794~~694,~~200~~644.6248 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 214,890,000.00 2.~~25250~~50000% ~~841~~805.~~99253739~~55725809 1.~~68585616~~73418577 0.00000000 0.00000000 A-2A 32,050,000.00 2.~~08250~~33000% ~~608~~536.~~81802964~~30315320 1.~~12698970~~07603276 0.00000000 0.00000000 A-2B 19,326,000.00 2.~~38250~~63000% 1000.00000000 2.~~11777761~~26472214 0.00000000 0.00000000 M-1 18,660,000.00 2.~~58250~~83000% 1000.00000000 2.~~29555573~~43694427 0.00000000 0.00000000 M-2 13,792,000.00 3.~~18250~~43000% 1000.00000000 2.~~82888921~~95361079 0.00000000 0.00000000 M-3 4,056,000.00 3.~~43250~~68000% 1000.00000000 3.~~05111193~~16888807 0.00000000 0.00000000 M-4 4,056,000.00 4.~~03250~~28000% 1000.00000000 3.~~58444527~~68555473 0.00000000 0.00000000 M-5 2,434,000.00 4.~~43250~~68000% 1000.00000000 34.~~94000000~~03000000 0.00000000 0.00000000 M-6 2,434,000.00 5.~~43250~~68000% 1000.00000000 4.~~82889071~~89110929 0.00000000 0.00000000 B 5,679,000.00 5.~~43250~~68000% 1000.00000000 4.~~82888889~~89111111 0.00000000 0.00000000 CE 7,139,629.00 0.00000% 999.96344908 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are Per 1,000 Denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 1.~~68585616~~73418577 0.00000000 ~~805~~757.~~55725809~~58783280 A-2A 0.00000000 0.00000000 1.~~12698970~~07603276 0.00000000 ~~536~~497.~~30315320~~74074883 A-2B 0.00000000 0.00000000 2.~~11777761~~26472214 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.~~29555573~~43694427 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~82888921~~95361079 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~05111193~~16888807 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~58444527~~68555473 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 34.~~94000000~~03000000 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.~~82889071~~89110929 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.~~82888889~~89111111 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~141~~130.~~09459609~~29060193 0.00000000 999.96344908 P 0.00000000 0.00000000 ~~1899840~~1500020.~~60000000~~70000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1113,~~874~~197,~~017~~072.9992 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7587,~~171~~358.6803 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~189~~150,~~984~~002.0607 Total Deposits 1213,~~139~~434,~~173~~433.7302 Withdrawals Reimbursement for Servicer Advances 6675,~~182~~171.9268 Payment of Service Fee ~~125~~120,~~111~~542.2300 Payment of Interest and Principal 1113,~~947~~238,~~879~~719.5834 Total Withdrawals (Pool Distribution Amount) 1213,~~139~~434,~~173~~433.7302 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~115~~111,~~843~~612.6898 Credit Risk Manager Fee: The Murrayhill Company 3,~~475~~348.3337 Master Servicing Fee: Wells Fargo 5,~~792~~580.2265 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~125~~120,~~111~~542.2300

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 10.0900 10.0900 1,000.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 4 0 0 4 ~~409~~408,~~243~~721.5435 0.00 0.00 ~~409~~408,~~243~~721.5435 30 Days 4137 1 10 0 4338 5,~~807~~229,~~970~~508.8256 58,~~570~~531.4815 ~~97,819~~0.4700 0.00 5,~~964~~288,~~360~~039.7771 60 Days 219 0 96 0 1125 ~~535~~2,~~585~~705,755.6750 0.00 ~~774~~1,~~752~~039,402.9603 0.00 13,~~310~~745,~~338~~157.6353 90 Days 41 0 86 0 127 ~~498~~100,~~383~~660.9903 0.00 ~~876~~600,~~601~~711.4464 0.00 1701,~~374,985~~371.4367 120 Days 02 1 96 0 109 0321,702.0067 81127,~~947~~747.3310 1581,~~148,551~~888.4854 0.00 1,~~230~~031,~~498~~338.8131 150 Days 0 01 38 0 39 0.00 081,947.0033 ~~516~~1,~~370~~036,821.2376 0.00 ~~516~~1,~~370~~118,769.2309 180+ Days 0 1 13 0 24 0.00 87,753.39 85214,~~321~~996.1464 0.00 ~~173~~302,~~074~~750.5303 Totals 4759 78 3129 0 8596 68,~~841~~357,~~940~~626.4876 ~~637~~764,~~514~~700.7432 3,~~499~~473,~~416~~820.7261 0.00 1012,~~978~~596,~~871~~147.9469 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.~~221484~~230150% 0.000000% 0.000000% 0.~~221484~~230150% 0.~~152720~~159386% 0.000000% 0.000000% 0.~~152720~~159386% 30 Days 2.~~270210~~128884% 0.~~055371~~057537% 0.~~055371~~000000% 0.000000% 2.~~380952~~186421% 2.~~167403~~039308% 0.~~021857~~022825% 0.~~036504~~000000% 0.000000% 2.~~225764~~062133% 60 Days 01.~~110742~~093211% 0.000000% 0.~~498339~~345224% 0.000000% 01.~~609081~~438435% 01.~~199868~~055141% 0.000000% 0.~~289120~~405327% 0.000000% 01.~~488989~~460468% 90 Days 0.~~221484~~057537% 0.000000% 0.~~442968~~345224% 0.000000% 0.~~664452~~402762% 0.~~185986~~039254% 0.000000% 0.~~327128~~234255% 0.000000% 0.~~513113~~273508% 120 Days 0.~~000000~~115075% 0.~~055371~~057537% 0.~~498339~~345224% 0.000000% 0.~~553710~~517837% 0.~~000000~~125452% 0.~~030581~~049816% 0.~~428613~~226914% 0.000000% 0.~~459194~~402182% 150 Days 0.000000% 0.~~000000~~057537% 0.~~166113~~460299% 0.000000% 0.~~166113~~517837% 0.000000% 0.~~000000~~031956% 0.~~192698~~404321% 0.000000% 0.~~192698~~436277% 180+ Days 0.000000% 0.~~055371~~057537% 0.~~055371~~172612% 0.000000% 0.~~110742~~230150% 0.000000% 0.~~032748~~034220% 0.~~031840~~083840% 0.000000% 0.~~064587~~118061% Totals 23.~~602436~~394707% 0.~~387597~~460299% 1.~~716501~~668585% 0.000000% 45.~~706534~~523590% 23.~~553257~~259155% 0.~~237906~~298204% 1.~~305903~~354657% 0.000000% 4.~~097066~~912016%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I, Sub Grp I 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 2 0 0 2 246,~~904~~524.8570 0.00 0.00 246,~~904~~524.8570 30 Days 2620 1 10 0 2821 32,~~581~~690,~~179~~872.4817 58,~~570~~531.4815 ~~97,819~~0.4700 0.00 32,~~737~~749,~~569~~403.4332 60 Days 113 0 62 0 715 ~~306~~2,~~659~~165,964.1032 0.00 ~~609~~190,~~886~~240.1274 0.00 ~~916~~2,~~545~~356,205.2206 90 Days 30 0 85 0 115 ~~397,661~~0.1700 0.00 ~~876~~554,~~601~~004.4482 0.00 1554,~~274,262~~004.6182 120 Days 02 01 76 0 79 0321,702.0067 0127,747.0010 ~~760~~581,~~232~~888.2354 0.00 ~~760~~1,~~232~~031,338.2331 150 Days 0 0 16 0 16 0.00 0.00 85648,~~774~~502.0651 0.00 85648,~~774~~502.0651 180 Days 0 1 01 0 12 0.00 87,753.39 085,774.0006 0.00 87173,~~753~~527.3945 Totals 3035 45 2320 0 5760 45,~~285~~178,~~499~~539.7516 ~~393~~520,~~228~~556.7234 2,~~430~~060,~~313~~410.3267 0.00 7,~~109~~759,~~041~~506.7917 0-29 Days 0.~~219780~~229885% 0.000000% 0.000000% 0.~~219780~~229885% 0.~~191448~~201830% 0.000000% 0.000000% 0.~~191448~~201830% 30 Days 2.~~857143~~298851% 0.~~109890~~114943% 0.~~109890~~000000% 0.000000% 32.~~076923~~413793% 2.~~776822~~203019% 0.~~045415~~047919% 0.~~075849~~000000% 0.000000% 2.~~898085~~250939% 60 Days 01.~~109890~~494253% 0.000000% 0.~~659341~~229885% 0.000000% 01.~~769231~~724138% 01.~~237781~~773277% 0.000000% 0.~~472901~~155750% 0.000000% 01.~~710683~~929027% 90 Days 0.~~329670~~000000% 0.000000% 0.~~879121~~574713% 0.000000% 10.~~208791~~574713% 0.~~308344~~000000% 0.000000% 0.~~679711~~453564% 0.000000% 0.~~988054~~453564% 120 Days 0.~~000000~~229885% 0.~~000000~~114943% 0.~~769231~~689655% 0.000000% 01.~~769231~~034483% 0.~~000000~~263378% 0.~~000000~~104587% 0.~~589479~~476393% 0.000000% 0.~~589479~~844357% 150 Days 0.000000% 0.000000% 0.~~109890~~689655% 0.000000% 0.~~109890~~689655% 0.000000% 0.000000% 0.~~066509~~530930% 0.000000% 0.~~066509~~530930% 180 Days 0.000000% 0.~~109890~~114943% 0.~~000000~~114943% 0.000000% 0.~~109890~~229885% 0.000000% 0.~~068043~~071844% 0.~~000000~~070223% 0.000000% 0.~~068043~~142067% Totals 34.~~296703~~022989% 0.~~439560~~574713% 2.~~527473~~298851% 0.000000% 6.~~263736~~896552% 34.~~322947~~239674% 0.~~304907~~426180% 1.~~884448~~686860% 0.000000% 56.~~512302~~352714% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I, Sub Grp II 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 2 0 0 2 162,~~338~~196.6965 0.00 0.00 162,~~338~~196.6965 30 Days 913 0 0 0 913 1,~~140~~537,~~106~~688.3966 0.00 0.00 0.00 1,~~140~~537,~~106~~688.3966 60 Days 14 0 3 0 47 ~~228~~385,~~926~~670.5710 0.00 ~~164~~463,~~866~~565.8415 0.00 ~~393~~849,~~793~~235.4125 90 Days 0 0 01 0 01 0.00 0.00 046,706.0082 0.00 046,706.0082 120 Days 0 10 0 0 10 0.00 ~~81,947~~0.3300 0.00 0.00 ~~81,947~~0.3300 150 Days 0 0 1 0 0 1 0.00 81,947.33 0.00 ~~43,901.44~~ 0.00 4381,~~901~~947.4433 180 Days 0 0 01 0 01 0.00 0.00 043,901.0044 0.00 043,901.0044 Totals 1017 3 45 0 1725 1,~~369~~923,~~032~~358.9676 244,~~286~~143.0298 ~~208~~554,~~768~~173.2841 0.00 12,~~822~~721,~~087~~676.2615 0-29 Days 0.~~273224~~282486% 0.000000% 0.000000% 0.~~273224~~282486% 0.~~177947~~184837% 0.000000% 0.000000% 0.~~177947~~184837% 30 Days 1.~~229508~~836158% 0.000000% 0.000000% 0.000000% 1.~~229508~~836158% 1.~~249723~~752331% 0.000000% 0.000000% 0.000000% 1.~~249723~~752331% 60 Days 0.~~136612~~564972% 0.000000% 0.~~409836~~423729% 0.000000% 0.~~546448~~988701% 0.~~250937~~439505% 0.000000% 0.~~180718~~528273% 0.000000% 0.~~431655~~967778% 90 Days 0.000000% 0.000000% 0.~~000000~~141243% 0.000000% 0.~~000000~~141243% 0.000000% 0.000000% 0.~~000000~~053227% 0.000000% 0.~~000000~~053227% 120 Days 0.000000% 0.~~136612~~000000% 0.000000% 0.000000% 0.~~136612~~000000% 0.000000% 0.~~089826~~000000% 0.000000% 0.000000% 0.~~089826~~000000% 150 Days 0.000000% 0.~~000000~~141243% 0.~~136612~~000000% 0.000000% 0.~~136612~~141243% 0.000000% 0.~~000000~~093386% 0.~~048122~~000000% 0.000000% 0.~~048122~~093386% 180 Days 0.000000% 0.000000% 0.~~000000~~141243% 0.000000% 0.~~000000~~141243% 0.000000% 0.000000% 0.~~000000~~050030% 0.000000% 0.~~000000~~050030% Totals 12.~~366120~~401130% 0.~~409836~~423729% 0.~~546448~~706215% 0.000000% 23.~~322404~~531073% 12.~~500660~~191836% 0.~~267773~~278224% 0.~~228841~~631529% 0.000000% 13.~~997274~~101589% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II, Sub Grp I 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 64 0 0 0 64 1,~~086~~000,~~684~~947.9573 0.00 0.00 0.00 1,~~086~~000,~~684~~947.9573 60 Days 02 0 01 0 03 0154,121.0008 0.00 0385,596.0014 0.00 0539,717.0022 90 Days 1 0 0 0 1 100,~~722~~660.8203 0.00 0.00 0.00 100,~~722~~660.8203 120 Days 0 0 20 0 20 0.00 0.00 ~~388,319~~0.2500 0.00 ~~388,319~~0.2500 150 Days 0 0 12 0 12 0.00 0.00 ~~386~~388,~~694~~319.7325 0.00 ~~386~~388,~~694~~319.7325 180 Days 0 0 1 0 1 0.00 0.00 85,321.14 0.00 85,321.14 Totals 7 0 4 0 11 1,~~187~~255,~~407~~728.7784 0.00 ~~860~~859,~~335~~236.1253 0.00 2,~~047~~114,~~742~~965.8937 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 53.~~263158~~636364% 0.000000% 0.000000% 0.000000% 53.~~263158~~636364% 3.~~470571~~326106% 0.000000% 0.000000% 0.000000% 3.~~470571~~326106% 60 Days 01.~~000000~~818182% 0.000000% 0.~~000000~~909091% 0.000000% 02.~~000000~~727273% 0.~~000000~~512138% 0.000000% 01.~~000000~~281319% 0.000000% 01.~~000000~~793457% 90 Days 0.~~877193~~909091% 0.000000% 0.000000% 0.000000% 0.~~877193~~909091% 0.~~321681~~334489% 0.000000% 0.000000% 0.000000% 0.~~321681~~334489% 120 Days 0.000000% 0.000000% 10.~~754386~~000000% 0.000000% 10.~~754386~~000000% 0.000000% 0.000000% 10.~~240184~~000000% 0.000000% 10.~~240184~~000000% 150 Days 0.000000% 0.000000% 01.~~877193~~818182% 0.000000% 01.~~877193~~818182% 0.000000% 0.000000% 1.~~234996~~290368% 0.000000% 1.~~234996~~290368% 180 Days 0.000000% 0.000000% 0.~~877193~~909091% 0.000000% 0.~~877193~~909091% 0.000000% 0.000000% 0.~~272492~~283518% 0.000000% 0.~~272492~~283518% Totals 6.~~140351~~363636% 0.000000% 3.~~508772~~636364% 0.000000% 910.~~649123~~000000% 34.~~792252~~172732% 0.000000% 2.~~747672~~855205% 0.000000% 67.~~539924~~027937% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II, Sub Grp II 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 7587,~~171~~358.6803

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.~~464052~~459635% Weighted Average Net Coupon 6.~~964052~~959635% Weighted Average Pass-Through Rate 6.~~924052~~919635% Weighted Average Maturity(Stepdown Calculation ) ~~334~~333 Beginning Scheduled Collateral Loan Count 1,~~863~~806 Number Of Loans Paid In Full 5768 Ending Scheduled Collateral Loan Count 1,~~806~~738 Beginning Scheduled Collateral Balance ~~278~~267,~~024~~871,~~862~~183.2529 Ending Scheduled Collateral Balance ~~267~~256,~~871~~327,~~183~~108.2943 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~267~~256,~~969~~435,~~114~~404.5713 Monthly P &I Constant 1,~~973~~903,~~866~~449.8277 Special Servicing Fee 0.00 Prepayment Penalties ~~189~~150,~~984~~002.0607 Realized Loss Amount 0.00 Cumulative Realized Loss 5,373.76 Ending Scheduled Balance for Premium Loans ~~267~~256,~~871~~327,~~183~~108.2943 Scheduled Principal ~~244~~238,~~540~~265.1932 Unscheduled Principal 911,~~909~~305,~~138~~809.7754 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 7,139,368.04 Overcollateralized Amount 7,139,368.04 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 7.~~464052~~459635% Weighted Average Net Rate 6.~~964052~~959635% Weighted Average Pass Through Rate 6.~~924052~~919635% Weighted Average Maturity ~~334~~333 Record Date 1011/3130/2004 Principal and Interest Constant 1,~~973~~903,~~866~~449.8277 Beginning Loan Count 1,~~863~~806 Loans Paid in Full 5768 Ending Loan Count 1,~~806~~738 Beginning Scheduled Balance ~~278~~267,~~024~~871,~~862~~183.2529 Ending Scheduled Balance ~~267~~256,~~871~~327,~~183~~108.2943 Ending Actual Balance at 3130-~~Oct~~Nov-2004 ~~267~~256,~~969~~435,~~114~~404.5713 Scheduled Principal ~~244~~238,~~540~~265.1932 Unscheduled Principal 911,~~909~~305,~~138~~809.7754 Scheduled Interest 1,~~729~~665,~~326~~184.6345 Servicing Fee ~~115~~111,~~843~~612.6898 Master Servicing Fee 5,~~792~~580.2265 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 3,~~475~~348.3337 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~604~~544,~~215~~642.4045 Realized Loss Amount 0.00 Cumulative Realized Loss 5,373.76 Percentage of Cumulative Losses 0.0017 Special Servicing Fee 0.00 Prepayment Penalties ~~189~~150,~~984~~002.0607 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 7,139,368.04 Overcollateralized Amount 7,139,368.04 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00

Miscellaneous Reporting Credit Enhancement Percentage: 2122.~~745664~~725013%

Group Level Collateral Statement Group Grp I, Sub Grp I Grp I, Sub Grp II Grp II, Sub Grp I Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~625334~~616711 7.~~392774~~391914 7.~~343778~~358105 Weighted Average Net Rate 7.~~125334~~116711 6.~~892774~~891914 6.~~843779~~858104 Weighted Average Maturity ~~352~~351 ~~299~~298 ~~352~~351 Beginning Loan Count ~~942~~910 ~~750~~732 ~~119~~114 Loans Paid In Full 3240 1824 54 Ending Loan Count ~~910~~870 ~~732~~708 ~~114~~110 Beginning Scheduled Balance ~~133~~128,~~825~~904,~~824~~729.7593 9491,~~120~~211,~~422~~940.3803 3331,~~063~~296,~~580~~142.2133 Ending scheduled Balance ~~128~~122,~~904~~075,~~729~~053.9385 9187,~~211~~733,~~940~~466.03 31 30,~~296~~076,~~142~~579.3307 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~955~~920,~~263~~070.7273 ~~677~~657,~~411~~600.7327 ~~228~~217,~~694~~234.2322 Scheduled Principal ~~104~~101,~~874~~879.8905 9795,~~569~~741.2225 2625,~~351~~333.2498 Unscheduled Principal 46,~~816~~727,~~219~~797.9303 23,~~810~~382,~~913~~732.1347 1,~~741~~194,~~086~~229.6428 Scheduled Interest ~~850~~818,~~388~~191.8368 ~~579~~561,~~842~~859.5102 ~~202~~191,~~342~~900.9924 Servicing Fees 5553,~~760~~710.7630 3938,~~216~~004.8596 13,~~776~~040.4707 Master Servicing Fees 2,~~788~~685.0552 1,~~960~~900.8326 ~~688~~651.8598 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,~~672~~611.8330 1,~~176~~140.5113 ~~413~~391.3019 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 ~~790~~760,~~167~~184.1956 ~~537~~520,~~488~~813.3267 ~~187~~177,~~464~~817.3700 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 5,373.76 0.00 0.00 Percentage of Cumulative Losses 0.0035 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.~~085334~~076711 6.~~852774~~851914 6.~~803778~~818105

Group Level Collateral Statement Group Grp II, Sub Grp II Total Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 6.~~823539~~797769 7.~~464052~~459635 Weighted Average Net Rate 6.~~323539~~297770 6.~~964052~~959635 Weighted Average Maturity ~~343~~342 ~~334~~333 Beginning Loan Count 5250 1,~~863~~806 Loans Paid In Full 20 5768 Ending Loan Count 50 1,~~806~~738 Beginning Scheduled Balance 1716,~~015~~458,~~034~~371.9100 ~~278~~267,~~024~~871,~~862~~183.2529 Ending scheduled Balance 16,~~458~~442,~~371~~009.0020 ~~267~~256,~~871~~327,~~183~~108.2943 Record Date 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~112~~108,~~497~~544.1455 1,~~973~~903,~~866~~449.8277 Scheduled Principal 15,~~744~~311.8404 ~~244~~238,~~540~~265.1932 Unscheduled Principal ~~540~~1,~~919~~050.0776 911,~~909~~305,~~138~~809.7754 Scheduled Interest 9693,~~752~~233.3051 1,~~729~~665,~~326~~184.6345 Servicing Fees 76,~~089~~857.6065 ~~115~~111,~~843~~612.6898 Master Servicing Fees ~~354~~342.4989 5,~~792~~580.2265 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee ~~212~~205.6975 3,~~475~~348.3337 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 8985,~~095~~827.5222 1,~~604~~544,~~215~~642.4045 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 5,373.76 Percentage of Cumulative Losses 0.0000 0.0017 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~283539~~257769 6.~~924052~~919635

Filing Compare · ACE Securities Corp Series 2004-IN1