8-K 1 wfh04001_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 WELLS FARGO HOME EQUITY TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106925-30 54-2150460 Pooling and Servicing Agreement) (Commission 54-2150461 (State or other File Number) 54-2150462 jurisdiction 54-2150463 of Incorporation) 54-2150464 54-2150465 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 December 27, 2004 a distribution was made to holders of WELLS FARGO HOME EQUITY TRUST, Mortgage Pass-Through Certificates, Series 2004-1 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 2004-1 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. WELLS FARGO HOME EQUITY TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/3/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-1 Trust, relating to the December 27, 2004 distribution. EX-99.1

Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~WFHET~~Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates Series: 2004-1 Contact: Customer Service - SecuritiesLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A 86359BMW8 SEN 2.~~23250~~48000% ~~749~~726,~~404~~346,~~595~~191.5941 1,~~487~~551,~~151~~152.7964 2326,~~058~~904,~~404~~374.1839 2-A1 86359BMX6 SEN 2.~~23250~~48000% ~~245~~236,~~775~~654,~~420~~207.0747 ~~487~~505,~~727~~388.6721 98,~~121~~034,~~212~~374.5931 2-A2 86359BMY4 SEN 2.~~17250~~42000% 22,~~849~~001,~~556~~564.5223 4445,~~125~~848.0382 ~~847~~746,~~992~~949.3076 A-IO 86359BMZ1 SEN_IO 6.00000% 0.00 1,611,805.00 0.00 A-SIO 86359BNA5 SEN_IO 0.00000% 0.00 0.00 0.00 A3 86359BNB3 SEN_SUB 2.~~30250~~55000% 14,103,000.00 2830,~~864~~967.1484 0.00 M1 86359BND9 SUB 2.~~43250~~68000% 51,712,000.00 ~~111~~119,~~812~~339.8480 0.00 M2 86359BNE7 SUB 2.~~56250~~81000% 23,505,000.00 5356,~~539~~875.1757 0.00 M3 86359BNF4 SUB 23.~~88250~~13000% 33,579,000.00 8690,~~036~~504.8673 0.00 M4 86359BNG2 SUB 3.~~08250~~33000% 16,790,000.00 4648,~~004~~145.6032 0.00 M5 86359BNH0 SUB 3.~~63250~~88000% 13,432,000.00 4344,~~370~~877.4480 0.00 M6 86359BNJ6 SUB 4.~~33250~~58000% 13,432,000.00 5152,~~728~~974.1232 0.00 B 86359BNK3 SUB 4.~~43250~~68000% 4,030,000.00 1516,~~878~~240.2090 0.00 X1 WFH0401X1 SUB 0.00000% 4,028,295.74 3,~~604~~511,~~852~~218.2540 0.00 X2 WFH0401X2 SUB 0.00000% 0.00 0.00 0.00 P WFH04001P PP Prem 0.00000% 100.00 ~~621~~670,~~043~~615.6964 0.00 R-I WFH0401R1 RES 0.00000% 0.00 0.00 0.00 R-II WFH0401R2 RES 0.00000% 0.00 0.00 0.00 R-III WFH0401R3 RES 0.00000% 0.00 0.00 0.00 R-IV WFH0401R4 RES 0.00000% 0.00 0.00 0.00 R-V WFH0401R5 RES 0.00000% 0.00 0.00 0.00 R-VI WFH0401R6 RES 0.00000% 0.00 0.00 0.00 Totals 1,~~192~~159,~~640~~613,~~967~~358.9285 8,~~293~~355,~~939~~954.8099 3335,~~027~~685,~~609~~698.0746

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A 0.00 ~~726~~699,~~346~~441,~~191~~817.4102 2428,~~545~~455,~~555~~527.9703 0.00 2-A1 0.00 ~~236~~228,~~654~~619,~~207~~833.4716 98,~~608~~539,~~940~~762.2652 0.00 2-A2 0.00 2221,~~001~~254,~~564~~614.2347 ~~892~~792,~~117~~798.3358 0.00 A-IO 0.00 0.00 1,611,805.00 0.00 A-SIO 0.00 0.00 0.00 0.00 A3 0.00 14,103,000.00 2830,~~864~~967.1484 0.00 M1 0.00 51,712,000.00 ~~111~~119,~~812~~339.8480 0.00 M2 0.00 23,505,000.00 5356,~~539~~875.1757 0.00 M3 0.00 33,579,000.00 8690,~~036~~504.8673 0.00 M4 0.00 16,790,000.00 4648,~~004~~145.6032 0.00 M5 0.00 13,432,000.00 4344,~~370~~877.4480 0.00 M6 0.00 13,432,000.00 5152,~~728~~974.1232 0.00 B 0.00 4,030,000.00 1516,~~878~~240.2090 0.00 X1 0.00 4,028,295.74 3,~~604~~511,~~852~~218.2540 0.00 X2 0.00 0.00 0.00 0.00 P 0.00 100.00 ~~621~~670,~~043~~615.6964 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 0.00 0.00 R-V 0.00 0.00 0.00 0.00 R-VI 0.00 0.00 0.00 0.00 Totals 0.00 1,~~159~~123,~~613~~927,~~358~~660.8539 4144,~~321~~041,~~548~~653.8745 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) 1-A 852,750,000.00 ~~749~~726,~~404~~346,~~595~~191.5941 0.00 2326,~~058~~904,~~404~~374.1839 0.00 0.00 2-A1 288,945,000.00 ~~245~~236,~~775~~654,~~420~~207.0747 0.00 98,~~121~~034,~~212~~374.5931 0.00 0.00 2-A2 26,863,000.00 22,~~849~~001,~~556~~564.5223 0.00 ~~847~~746,~~992~~949.3076 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 A-SIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 51,712,000.00 51,712,000.00 0.00 0.00 0.00 0.00 M2 23,505,000.00 23,505,000.00 0.00 0.00 0.00 0.00 M3 33,579,000.00 33,579,000.00 0.00 0.00 0.00 0.00 M4 16,790,000.00 16,790,000.00 0.00 0.00 0.00 0.00 M5 13,432,000.00 13,432,000.00 0.00 0.00 0.00 0.00 M6 13,432,000.00 13,432,000.00 0.00 0.00 0.00 0.00 B 4,030,000.00 4,030,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 0.00 0.00 R-V 0.00 0.00 0.00 0.00 0.00 0.00 R-VI 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,325,038,100.00 1,~~174~~141,~~509~~482,~~672~~063.1811 0.00 3335,~~027~~685,~~609~~698.0746 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 1-A 2326,~~058~~904,~~404~~374.1839 ~~726~~699,~~346~~441,~~191~~817.4102 0.~~85176921~~82021908 2326,~~058~~904,~~404~~374.1839 2-A1 98,~~121~~034,~~212~~374.5931 ~~236~~228,~~654~~619,~~207~~833.4716 0.~~81902856~~79122267 98,~~121~~034,~~212~~374.5931 2-A2 ~~847~~746,~~992~~949.3076 2221,~~001~~254,~~564~~614.2347 0.~~81902856~~79122267 ~~847~~746,~~992~~949.3076 A-IO 0.00 0.00 0.00000000 0.00 A-SIO 0.00 0.00 0.00000000 0.00 M1 0.00 51,712,000.00 1.00000000 0.00 M2 0.00 23,505,000.00 1.00000000 0.00 M3 0.00 33,579,000.00 1.00000000 0.00 M4 0.00 16,790,000.00 1.00000000 0.00 M5 0.00 13,432,000.00 1.00000000 0.00 M6 0.00 13,432,000.00 1.00000000 0.00 B 0.00 4,030,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 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 R-V 0.00 0.00 0.00000000 0.00 R-VI 0.00 0.00 0.00000000 0.00 Totals 3335,~~027~~685,~~609~~698.0746 1,~~141~~105,~~482~~796,~~063~~364.1165 0.~~86147113~~83453930 3335,~~027~~685,~~609~~698.0746

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A 852,750,000.00 ~~878~~851.~~80925897~~76920717 0.00000000 2731.~~04005181~~55013121 0.00000000 2-A1 288,945,000.00 ~~850~~819.~~59585759~~02856069 0.00000000 3127.~~56729686~~80589493 0.00000000 2-A2 26,863,000.00 ~~850~~819.~~59585750~~02856085 0.00000000 3127.~~56729703~~80589510 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-SIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A3 14,103,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 51,712,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 23,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 33,579,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 16,790,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 13,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 13,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 4,030,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X1 4,028,295.74 1.00000000 0.00000000 0.00000000 0.00000000 X2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-V 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-VI 0.00 0.00000000 0.00000000 0.00000000 0.00000000 Per $1,000 denomination. Class X1 per $1 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A 0.00000000 2731.~~04005181~~55013121 ~~851~~820.~~76920717~~21907595 0.~~85176921~~82021908 2731.~~04005181~~55013121 2-A1 0.00000000 3127.~~56729686~~80589493 ~~819~~791.~~02856069~~22266577 0.~~81902856~~79122267 3127.~~56729686~~80589493 2-A2 0.00000000 3127.~~56729703~~80589510 ~~819~~791.~~02856085~~22266575 0.~~81902856~~79122267 3127.~~56729703~~80589510 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X1 0.00000000 0.00000000 1.00000000 1.00000000 0.00000000 X2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 R-V 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-VI 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 1-A 852,750,000.00 2.~~23250~~48000% ~~749~~726,~~404~~346,~~595~~191.5941 1,~~487~~551,~~151~~152.7964 0.00 0.00 2-A1 288,945,000.00 2.~~23250~~48000% ~~245~~236,~~775~~654,~~420~~207.0747 ~~487~~505,~~727~~388.6721 0.00 0.00 2-A2 26,863,000.00 2.~~17250~~42000% 22,~~849~~001,~~556~~564.5223 4445,~~125~~848.0382 0.00 0.00 A-IO 0.00 6.00000% 322,361,000.00 1,611,805.00 0.00 0.00 A-SIO 0.00 0.00000% 1,~~188~~155,~~612~~584,~~572~~963.9285 0.00 0.00 0.00 A3 14,103,000.00 2.~~30250~~55000% 14,103,000.00 2830,~~864~~967.1484 0.00 0.00 M1 51,712,000.00 2.~~43250~~68000% 51,712,000.00 ~~111~~119,~~812~~339.8480 0.00 0.00 M2 23,505,000.00 2.~~56250~~81000% 23,505,000.00 5356,~~539~~875.1757 0.00 0.00 M3 33,579,000.00 23.~~88250~~13000% 33,579,000.00 8690,~~036~~504.8673 0.00 0.00 M4 16,790,000.00 3.~~08250~~33000% 16,790,000.00 4648,~~004~~145.6032 0.00 0.00 M5 13,432,000.00 3.~~63250~~88000% 13,432,000.00 4344,~~370~~877.4480 0.00 0.00 M6 13,432,000.00 4.~~33250~~58000% 13,432,000.00 5152,~~728~~974.1232 0.00 0.00 B 4,030,000.00 4.~~43250~~68000% 4,030,000.00 1516,~~878~~240.2090 0.00 0.00 X1 4,028,295.74 0.00000% 4,028,295.74 0.00 0.00 0.00 X2 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 R-III 0.00 0.00000% 0.00 0.00 0.00 0.00 R-IV 0.00 0.00000% 0.00 0.00 0.00 0.00 R-V 0.00 0.00000% 0.00 0.00 0.00 0.00 R-VI 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,343,169,395.74 4,~~068~~174,~~043~~120.8695 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 1-A 0.00 0.00 1,~~487~~551,~~151~~152.7964 0.00 ~~726~~699,~~346~~441,~~191~~817.4102 2-A1 0.00 0.00 ~~487~~505,~~727~~388.6721 0.00 ~~236~~228,~~654~~619,~~207~~833.4716 2-A2 0.00 0.00 4445,~~125~~848.0382 0.00 2221,~~001~~254,~~564~~614.2347 A-IO 0.00 0.00 1,611,805.00 0.00 322,361,000.00 A-SIO 0.00 0.00 0.00 0.00 1,~~155~~119,~~584~~899,~~963~~265.8539 A3 0.00 0.00 2830,~~864~~967.1484 0.00 14,103,000.00 M1 0.00 0.00 ~~111~~119,~~812~~339.8480 0.00 51,712,000.00 M2 0.00 0.00 5356,~~539~~875.1757 0.00 23,505,000.00 M3 0.00 0.00 8690,~~036~~504.8673 0.00 33,579,000.00 M4 0.00 0.00 4648,~~004~~145.6032 0.00 16,790,000.00 M5 0.00 0.00 4344,~~370~~877.4480 0.00 13,432,000.00 M6 0.00 0.00 5152,~~728~~974.1232 0.00 13,432,000.00 B 0.00 0.00 1516,~~878~~240.2090 0.00 4,030,000.00 X1 0.00 0.00 3,~~604~~511,~~852~~218.2540 0.00 4,028,295.74 X2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 ~~621~~670,~~043~~615.6964 0.00 100.00 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 0.00 0.00 0.00 R-V 0.00 0.00 0.00 0.00 0.00 R-VI 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 8,~~293~~355,~~939~~954.8099 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 1-A 852,750,000.00 2.~~23250~~48000% ~~878~~851.~~80925897~~76920717 1.~~74394816~~81900046 0.00000000 0.00000000 2-A1 288,945,000.00 2.~~23250~~48000% ~~850~~819.~~59585759~~02856069 1.~~68796023~~74908100 0.00000000 0.00000000 2-A2 26,863,000.00 2.~~17250~~42000% ~~850~~819.~~59585750~~02856085 1.~~64259502~~70676469 0.00000000 0.00000000 A-IO 0.00 6.00000% 888.88919527 4.44444598 0.00000000 0.00000000 A-SIO 0.00 0.00000% ~~887~~862.~~59329470~~93001500 0.00000000 0.00000000 0.00000000 A3 14,103,000.00 2.~~30250~~55000% 1000.00000000 2.~~04666667~~19583351 0.00000000 0.00000000 M1 51,712,000.00 2.~~43250~~68000% 1000.00000000 2.~~16222231~~30777769 0.00000000 0.00000000 M2 23,505,000.00 2.~~56250~~81000% 1000.00000000 2.~~27777792~~41972219 0.00000000 0.00000000 M3 33,579,000.00 23.~~88250~~13000% 1000.00000000 2.~~56222222~~69527770 0.00000000 0.00000000 M4 16,790,000.00 3.~~08250~~33000% 1000.00000000 2.~~74000000~~86749970 0.00000000 0.00000000 M5 13,432,000.00 3.~~63250~~88000% 1000.00000000 3.~~22888922~~34111078 0.00000000 0.00000000 M6 13,432,000.00 4.~~33250~~58000% 1000.00000000 3.~~85111078~~94388922 0.00000000 0.00000000 B 4,030,000.00 4.~~43250~~68000% 1000.00000000 34.~~94000000~~03000000 0.00000000 0.00000000 X1 4,028,295.74 0.00000% 1.00000000 0.00000000 0.00000000 0.00000000 X2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-V 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-VI 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 Per $1,000 denomination. Class X1 per $1 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 1-A 0.00000000 0.00000000 1.~~74394816~~81900046 0.00000000 ~~851~~820.~~76920717~~21907595 2-A1 0.00000000 0.00000000 1.~~68796023~~74908100 0.00000000 ~~819~~791.~~02856069~~22266577 2-A2 0.00000000 0.00000000 1.~~64259502~~70676469 0.00000000 ~~819~~791.~~02856085~~22266575 A-IO 0.00000000 0.00000000 4.44444598 0.00000000 888.88919527 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 ~~862~~836.~~93001500~~28181407 A3 0.00000000 0.00000000 2.~~04666667~~19583351 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.~~16222231~~30777769 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~27777792~~41972219 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~56222222~~69527770 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.~~74000000~~86749970 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.~~22888922~~34111078 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.~~85111078~~94388922 0.00000000 1000.00000000 B 0.00000000 0.00000000 34.~~94000000~~03000000 0.00000000 1000.00000000 X1 0.00000000 0.00000000 0.~~89488272~~87163868 0.00000000 1.00000000 X2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~6210436~~6706156.~~90000000~~40000000 0.00000000 1000.00000000 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 R-V 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-VI 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 4144,~~805~~499,~~698~~878.1886 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~236~~275,~~238~~680.31 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4244,~~041~~775,~~936~~559.4917 Withdrawals Reimbursement for Servicer Advances ~~208~~236,~~545~~238.8831 Payment of Service Fee ~~511~~497,~~841~~667.7441 Payment of Interest and Principal 4144,~~321~~041,~~548~~653.8745 Total Withdrawals (Pool Distribution Amount) 4244,~~041~~775,~~936~~559.4917 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~496~~483,~~933~~172.7324 Credit Risk Manager's Fee 14,~~908~~495.0117 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~511~~497,~~841~~667.7441

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Initial Basis Risk Reserve Fund 1,000.00 ~~894~~1,~~677~~099,742.5695 ~~894~~1,~~677~~099,742.5695 1,000.00 Supplementary Basis Risk Reserve 0.00 0.00 0.00 0.00 Initial Cap Agreement 0.00 ~~894~~1,~~673~~099,740.8035 0.00 0.00 Supplementary Cap Agreement 0.00 0.00 0.00 0.00

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 2818 25 0 3023 32,~~161~~300,~~614~~228.9791 ~~347~~592,~~106~~866.1446 0.00 32,~~508~~893,~~721~~095.1137 30 Days 93116 24 0 0 95120 1114,~~408~~582,~~938~~722.1965 ~~469~~252,~~733~~370.4513 0.00 0.00 1114,~~878~~835,~~671~~092.6478 60 Days 1912 23 2722 0 4837 21,~~439~~733,~~707~~681.5158 ~~140~~293,~~781~~396.1086 2,~~920~~903,~~364~~205.7140 0.00 54,~~500~~930,~~853~~283.3284 90 Days 4 67 2630 0 3641 ~~676~~671,~~373~~654.4907 ~~466~~636,~~567~~949.2842 3,~~264~~867,~~800~~509.7572 0.00 45,~~407~~176,~~741~~113.5221 120 Days 30 25 2622 52 3629 ~~470,128~~0.1300 ~~440~~593,~~424~~150.8009 2,~~915~~918,~~679~~751.1942 ~~598~~306,~~518~~901.5018 43,~~424~~818,~~750~~802.6269 150 Days 0 62 1723 38 2633 0.00 ~~610~~161,~~341~~689.7377 12,~~881~~720,~~950~~579.7435 ~~298~~908,~~353~~346.4091 23,790,~~645~~616.8703 180+ Days 0 412 1418 713 2543 0.00 ~~728~~1,~~846~~410,565.9601 12,~~449~~016,~~853~~080.9525 ~~770~~1,~~085~~319,939.4948 24,~~948~~746,~~786~~584.4074 Totals ~~119~~132 5051 ~~112~~120 1523 ~~296~~326 1416,~~995~~988,~~147~~058.3230 65,~~018~~648,~~310~~350.2919 1215,~~779~~018,~~755~~992.4860 12,~~666~~535,~~957~~187.3957 3540,~~460~~190,~~170~~588.4866 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.~~320256~~211045% 0.~~022875~~058624% 0.000000% 0.~~343132~~269668% 0.~~272390~~204463% 0.~~029905~~052699% 0.000000% 0.~~302295~~257162% 30 Days 1.~~063708~~360066% 0.~~022875~~046899% 0.000000% 0.000000% 1.~~086584~~406964% 01.~~982939~~296231% 0.~~040470~~022433% 0.000000% 0.000000% 1.~~023409~~318664% 60 Days 0.~~217317~~140696% 0.~~022875~~035174% 0.~~308818~~257943% 0.000000% 0.~~549011~~433814% 0.~~210193~~154104% 0.~~012129~~026080% 0.~~251605~~258061% 0.000000% 0.~~473927~~438244% 90 Days 0.~~045751~~046899% 0.~~068626~~082073% 0.~~297381~~351741% 0.000000% 0.~~411758~~480713% 0.~~058273~~059702% 0.~~040197~~056617% 0.~~281280~~343776% 0.000000% 0.~~379750~~460095% 120 Days 0.~~034313~~000000% 0.~~022875~~058624% 0.~~297381~~257943% 0.~~057189~~023449% 0.~~411758~~340016% 0.~~040504~~000000% 0.~~037945~~052724% 0.~~251201~~259442% 0.~~051565~~027280% 0.~~381215~~339446% 150 Days 0.000000% 0.~~068626~~023449% 0.~~194441~~269668% 0.~~034313~~093798% 0.~~297381~~386915% 0.000000% 0.~~052584~~014372% 0.~~162140~~241827% 0.~~025705~~080741% 0.~~240429~~336941% 180+ Days 0.000000% 0.~~045751~~140696% 0.~~160128~~211045% 0.~~080064~~152421% 0.~~285943~~504162% 0.000000% 0.~~062794~~125382% 0.~~124912~~179206% 0.~~066347~~117327% 0.~~254053~~421915% Totals 1.~~361089~~547661% 0.~~571886~~597960% 1.~~281025~~406964% 0.~~171566~~269668% 3.~~385566~~822253% 1.~~291910~~510037% 0.~~518509~~502071% 1.~~101042~~335010% 0.~~143617~~225348% 3.~~055078~~572467%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool 1- Fixed 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 63 0 0 63 ~~694~~407,~~477~~283.8283 0.00 0.00 ~~694~~407,~~477~~283.8283 30 Days 614 0 0 0 614 ~~584~~1,~~125~~240,781.5086 0.00 0.00 0.00 ~~584~~1,~~125~~240,781.5086 60 Days 32 0 42 0 74 ~~357~~235,~~763~~752.4691 0.00 ~~443~~117,~~289~~418.8218 0.00 ~~801~~353,~~053~~171.2809 90 Days 0 10 15 0 25 0.00 ~~57,697~~0.7100 54583,~~817~~213.8810 0.00 ~~112~~583,~~515~~213.5910 120 Days 0 ~~0 0~~ 1 1 0~~.00~~ 2 0.00 057,697.0071 5254,~~369~~817.7488 520.00 112,~~369~~515.7459 150 Days 0 1 0 0 1 2 0.00 85,~~340~~287.8491 0.00 052,369.0074 85137,~~340~~657.8465 180 Days 0 1 1 1 3 0.00 ~~212~~211,~~000~~812.0096 66,170.71 74,531.41 352,~~702~~515.1208 Totals 916 9 6 9 2 2633 ~~941,888.96~~ 1,~~049~~476,~~516~~534.3777 ~~564~~762,~~278~~082.41 821,619.87 126,901.15 23,~~682~~187,~~584~~138.8920 0-29 Days 0.~~264667~~134409% 0.000000% 0.000000% 0.~~264667~~134409% 0.~~253697~~151970% 0.000000% 0.000000% 0.~~253697~~151970% 30 Days 0.~~264667~~627240% 0.000000% 0.000000% 0.000000% 0.~~264667~~627240% 0.~~213385~~462975% 0.000000% 0.000000% 0.000000% 0.~~213385~~462975% 60 Days 0.~~132333~~089606% 0.000000% 0.~~176445~~089606% 0.000000% 0.~~308778~~179211% 0.~~130693~~087967% 0.000000% 0.~~161937~~043812% 0.000000% 0.~~292630~~131779% 90 Days 0.000000% 0.~~044111~~000000% 0.~~044111~~224014% 0.000000% 0.~~088222~~224014% 0.000000% 0.~~021077~~000000% 0.~~020025~~217615% 0.000000% 0.~~041103~~217615% 120 Days 0.000000% 0.~~000000~~044803% 0.~~000000~~044803% 0.~~044111~~000000% 0.~~044111~~089606% 0.000000% 0.~~000000~~021529% 0.~~000000~~020454% 0.~~019131~~000000% 0.~~019131~~041983% 150 Days 0.000000% 0.~~044111~~044803% 0.000000% 0.~~000000~~044803% 0.~~044111~~089606% 0.000000% 0.~~031176~~031824% 0.000000% 0.~~000000~~019541% 0.~~031176~~051364% 180 Days 0.000000% 0.~~044111~~044803% 0.~~044111~~044803% 0.~~044111~~044803% 0.~~132333~~134409% 0.000000% 0.~~077445~~079034% 0.~~024173~~024690% 0.~~027227~~027810% 0.~~128844~~131534% Totals 0.~~397000~~716846% 0.~~397000~~268817% 0.~~264667~~403226% 0.~~088222~~089606% 1.~~146890~~478495% 0.~~344078~~550941% 0.~~383395~~284357% 0.~~206134~~306572% 0.~~046358~~047351% 01.~~979965~~189221% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool 1 - ARM 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 1510 25 0 1715 1,~~616~~133,~~209~~941.6560 ~~347~~592,~~106~~866.1446 0.00 1,~~963~~726,~~315~~808.7906 30 Days 4875 12 0 0 4977 59,~~686~~662,~~119~~744.4707 ~~123~~161,~~971~~204.7557 0.00 0.00 59,~~810~~823,~~091~~948.2264 60 Days 125 23 1814 0 3222 1472,~~593,613~~565.5581 ~~140~~293,~~781~~396.1086 1,~~878~~900,~~953~~686.6103 0.00 32,~~613~~666,~~348~~648.2670 90 Days 4 46 1920 0 2730 ~~676~~671,~~373~~654.4907 ~~363~~591,~~502~~609.39 2,~~399~~241,~~544~~301.7596 0.00 3,~~439~~504,~~420~~565.6342 120 Days 20 13 1715 42 2420 ~~336,194~~0.3900 76171,~~401~~652.8647 12,~~878~~053,~~301~~495.0042 ~~546~~306,~~148~~901.7618 2,~~837~~532,~~046~~049.0107 150 Days 0 41 1214 27 1822 0.00 ~~367~~76,~~869~~401.8286 ~~894~~1,~~611~~669,121.3751 ~~224~~855,~~835~~977.3217 12,~~487~~601,~~316~~500.5154 180 Days 0 39 11 8 328 14 0.00 ~~516~~957,~~846~~327.9666 ~~895~~1,~~028~~141,141.1978 ~~336~~812,~~036~~372.9788 12,~~747~~910,~~912~~842.1232 Totals 6684 3034 7679 917 ~~181~~214 810,~~292~~806,~~300~~963.9095 3,~~205~~385,~~583~~534.5341 89,~~293~~598,~~545~~613.0616 1,~~107~~975,~~021~~251.0523 2025,~~898~~766,~~450~~362.5475 0-29 Days 0.~~331492~~227635% 0.~~044199~~113817% 0.000000% 0.~~375691~~341452% 0.~~278262~~202612% 0.~~059761~~105933% 0.000000% 0.~~338023~~308545% 30 Days 1.~~060773~~707262% 0.~~022099~~045527% 0.000000% 0.000000% 1.~~082873~~752789% 01.~~978977~~726535% 0.~~021344~~028804% 0.000000% 0.000000% 1.~~000322~~755339% 60 Days 0.~~265193~~113817% 0.~~044199~~068290% 0.~~397790~~318689% 0.000000% 0.~~707182~~500797% 0.~~274372~~084438% 0.~~024238~~052424% 0.~~323499~~339614% 0.000000% 0.~~622109~~476476% 90 Days 0.~~088398~~091054% 0.~~088398~~136581% 0.~~419890~~455270% 0.000000% 0.~~596685~~682905% 0.~~116451~~120011% 0.~~062584~~105709% 0.~~413129~~400475% 0.000000% 0.~~592164~~626194% 120 Days 0.~~044199~~000000% 0.~~022099~~068290% 0.~~375691~~341452% 0.~~088398~~045527% 0.~~530387~~455270% 0.~~057882~~000000% 0.~~013154~~030671% 0.~~323387~~366918% 0.~~094030~~054837% 0.~~488453~~452425% 150 Days 0.000000% 0.~~088398~~022763% 0.~~265193~~318689% 0.~~044199~~159344% 0.~~397790~~500797% 0.000000% 0.~~063336~~013651% 0.~~154025~~298238% 0.~~038710~~152946% 0.~~256071~~464835% 180 Days 0.000000% 0.~~066298~~204871% 0.~~176796~~250398% 0.~~066298~~182108% 0.~~309392~~637378% 0.000000% 0.~~088985~~171055% 0.~~154097~~203899% 0.~~057855~~145154% 0.~~300937~~520108% Totals 1.~~458564~~912133% 0.~~662983~~773959% 1.~~679558~~798316% 0.~~198895~~386979% 4.~~000000~~871386% 1.~~427683~~930984% 0.~~551904~~604926% 1.~~427897~~715076% 0.~~190595~~352937% 34.~~598080~~603923% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool 2 - Fixed 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 43 0 0 43 ~~542~~494,~~821~~392.0183 0.00 0.00 ~~542~~494,~~821~~392.0183 30 Days 85 01 0 0 86 ~~638~~353,~~299~~495.6334 047,930.0023 0.00 0.00 ~~638~~401,~~299~~425.6357 60 Days 10 0 20 0 30 ~~78,780~~0.1400 0.00 ~~144,146~~0.2700 0.00 ~~222,926~~0.4100 90 Days 0 0 20 0 20 0.00 0.00 ~~169,387~~0.0400 0.00 ~~169,387~~0.0400 120 Days 0 0 32 0 32 0.00 0.00 ~~124~~169,~~390~~387.8304 0.00 ~~124~~169,~~390~~387.8304 150 Days 0 0 03 0 03 0.00 0.00 0124,390.0083 0.00 0124,390.0083 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 95 4 75 0 2014 ~~717~~353,~~079~~495.7734 542,~~821~~323.0106 ~~437~~293,~~924~~777.1487 0.00 1,~~697~~189,~~824~~596.9227 0-29 Days 0.~~599700~~453172% 0.000000% 0.000000% 0.~~599700~~453172% 0.~~543538~~498694% 0.000000% 0.000000% 0.~~543538~~498694% 30 Days 10.~~199400~~755287% 0.~~000000~~151057% 0.000000% 0.000000% 10.~~199400~~906344% 0.~~639143~~356571% 0.~~000000~~048347% 0.000000% 0.000000% 0.~~639143~~404918% 60 Days 0.~~149925~~000000% 0.000000% 0.~~299850~~000000% 0.000000% 0.~~449775~~000000% 0.~~078884~~000000% 0.000000% 0.~~144337~~000000% 0.000000% 0.~~223221~~000000% 90 Days 0.000000% 0.000000% 0.~~299850~~000000% 0.000000% 0.~~299850~~000000% 0.000000% 0.000000% 0.~~169611~~000000% 0.000000% 0.~~169611~~000000% 120 Days 0.000000% 0.000000% 0.~~449775~~302115% 0.000000% 0.~~449775~~302115% 0.000000% 0.000000% 0.~~124555~~170861% 0.000000% 0.~~124555~~170861% 150 Days 0.000000% 0.000000% 0.~~000000~~453172% 0.000000% 0.~~000000~~453172% 0.000000% 0.000000% 0.~~000000~~125473% 0.000000% 0.~~000000~~125473% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~349325~~755287% 0.~~599700~~604230% 10.~~049475~~755287% 0.000000% 2.~~998501~~114804% 0.~~718027~~356571% 0.~~543538~~547041% 0.~~438503~~296334% 0.000000% 1.~~700068~~199946% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool 2 - ARM 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 32 0 0 32 ~~308~~264,~~106~~610.4965 0.00 0.00 ~~308~~264,~~106~~610.4965 30 Days 3122 1 0 0 3223 43,~~500~~325,~~393~~701.5938 ~~345~~43,~~761~~235.7033 0.00 0.00 43,~~846~~368,~~155~~936.2971 60 Days 35 0 36 0 611 ~~409~~1,~~550~~025,362.3686 0.00 ~~453~~885,~~975~~101.0119 0.00 ~~863~~1,~~525~~910,464.3705 90 Days 0 1 45 0 56 0.00 45,~~367~~340.1803 ~~641~~1,~~051~~042,994.0866 0.00 ~~686~~1,~~418~~088,334.2669 120 Days 10 1 64 0 85 ~~133,933~~0.7400 ~~364~~363,~~022~~799.9491 ~~912~~641,~~987~~051.3608 0.00 1,~~410~~004,~~944~~850.0499 150 Days 0 10 56 10 76 0.00 ~~157,131~~0.0700 ~~987~~927,~~339~~067.3701 ~~73,518~~0.0800 1927,~~217,988~~067.5201 180 Days 0 02 56 34 812 0.00 0241,424.0039 ~~488~~808,~~655~~767.0576 ~~359~~433,~~517~~035.1119 ~~848~~1,~~172~~483,227.1634 Totals 3527 7 2327 4 6965 54,~~043~~351,~~877~~064.6924 1958,~~220,389~~410.3831 34,~~484~~304,~~007~~981.8770 433,035.19 10,~~181~~047,~~310~~491.1344 0-29 Days 0.~~233645~~161031% 0.000000% 0.000000% 0.~~233645~~161031% 0.~~149376~~133501% 0.000000% 0.000000% 0.~~149376~~133501% 30 Days 21.~~414330~~771337% 0.~~077882~~080515% 0.000000% 0.000000% 21.~~492212~~851852% 21.~~181875~~677877% 0.~~167632~~021813% 0.000000% 0.000000% 21.~~349507~~699690% 60 Days 0.~~233645~~402576% 0.000000% 0.~~233645~~483092% 0.000000% 0.~~467290~~885668% 0.~~198558~~517314% 0.000000% 0.~~220096~~446550% 0.000000% 0.~~418653~~963864% 90 Days 0.000000% 0.~~077882~~080515% 0.~~311526~~402576% 0.000000% 0.~~389408~~483092% 0.000000% 0.~~021995~~022875% 0.~~310794~~526210% 0.000000% 0.~~332788~~549085% 120 Days 0.~~077882~~000000% 0.~~077882~~080515% 0.~~467290~~322061% 0.000000% 0.~~623053~~402576% 0.~~064934~~000000% 0.~~176485~~183544% 0.~~442633~~323422% 0.000000% 0.~~684052~~506966% 150 Days 0.000000% 0.~~077882~~000000% 0.~~389408~~483092% 0.~~077882~~000000% 0.~~545171~~483092% 0.000000% 0.~~076180~~000000% 0.~~478681~~467722% 0.~~035643~~000000% 0.~~590504~~467722% 180 Days 0.000000% 0.~~000000~~161031% 0.~~389408~~483092% 0.~~233645~~322061% 0.~~623053~~966184% 0.000000% 0.~~000000~~121803% 0.~~236909~~408038% 0.~~174301~~218474% 0.~~411210~~748315% Totals 2.~~725857~~173913% 0.~~545171~~563607% 12.~~791277~~173913% 0.~~311526~~322061% 5.~~373832~~233494% 2.~~445367~~195192% 0.~~591668~~483536% 12.~~689112~~171942% 0.~~209944~~218474% 45.~~936090~~069144%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~236~~275,~~238~~680.31

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 7.~~335209~~330128% Weighted Average Net Coupon 6.~~835209~~830128% Weighted Average Pass-Through Rate 6.~~835209~~830128% Weighted Average Maturity(Stepdown Calculation ) ~~334~~333 Beginning Scheduled Collateral Loan Count 8,~~932~~743 Number Of Loans Paid In Full ~~189~~214 Ending Scheduled Collateral Loan Count 8,~~743~~529 Beginning Scheduled Collateral Balance 1,~~192~~159,~~640~~613,~~967~~358.9285 Ending Scheduled Collateral Balance 1,~~159~~123,~~613~~927,~~358~~660.8539 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 1,~~160~~125,~~695~~009,~~985~~525.7755 Monthly P &I Constant 8,~~421~~193,~~484~~548.4097 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 1,~~159~~123,~~613~~927,~~358~~660.8539 Scheduled Principal 1,~~131~~110,~~259~~120.0105 Unscheduled Principal 3134,~~896~~575,~~350~~578.0641 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 4,028,395.74 Overcollateralized Amount 4,028,395.74 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,~~710~~411,~~339~~640.8056

Miscellaneous Reporting LIBOR Rate 12.~~9325~~18 Initial Cap Payment ~~894673~~1099740.8035 Supplementary Cap Payment 0.00

Group Level Collateral Statement Group Pool 1- Fixed Pool 1 - ARM Pool 2 - Fixed Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.~~023830~~022645 7.~~480182~~470307 6.~~991601~~981218 Weighted Average Net Rate 6.~~523830~~522645 6.~~980182~~970307 6.~~491601~~481218 Weighted Average Maturity ~~324~~323 ~~350~~349 ~~332~~331 Beginning Loan Count 2,~~308~~267 4,~~627~~525 ~~683~~667 Loans Paid In Full 4135 ~~102~~132 165 Ending Loan Count 2,~~267~~232 4,~~525~~393 ~~667~~662 Beginning Scheduled Balance ~~280~~273,~~048~~440,~~461~~699.5648 ~~596~~580,~~778~~327,~~147~~505.6959 ~~102~~99,~~857~~766,~~461~~951.3464 Ending scheduled Balance ~~273~~267,~~440~~695,~~699~~221.4865 ~~580~~559,~~327~~168,~~505~~609.5903 99,~~766~~035,~~951~~317.6421 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 1,~~992~~949,~~514~~157.1958 4,~~205~~088,~~254~~970.4146 ~~717~~695,~~768~~642.5835 Scheduled Principal ~~353~~348,~~336~~926.9674 ~~485~~476,~~246~~283.6810 ~~118~~115,~~486~~229.6296 Unscheduled Principal 65,~~254~~396,~~425~~551.1209 1520,~~965~~682,~~395~~613.4246 2616,~~972,023~~404.0847 Scheduled Interest 1,~~639~~600,~~177~~230.2384 3,~~720~~612,~~007~~687.7336 ~~599~~580,~~281~~412.9639 Servicing Fees ~~116~~113,~~686~~933.8563 ~~248~~241,~~657~~803.5813 4241,~~857~~569.2756 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 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~522~~486,~~490~~297.3821 3,~~471~~370,~~350~~884.1523 ~~556~~538,~~424~~842.6983 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 6.~~523830~~522645 6.~~980182~~970307 6.~~491601~~481218

Group Level Collateral Statement Group Pool 2 - ARM Fixed Total Collateral Description Mixed ARM Mixed & ARM & Balloon Weighted Average Coupon Rate 7.~~504383~~512284 7.~~335209~~330128 Weighted Average Net Rate 7.~~004383~~012284 6.~~835209~~830128 Weighted Average Maturity ~~350~~349 ~~334~~333 Beginning Loan Count 1,~~314~~284 8,~~932~~743 Loans Paid In Full 3042 ~~189~~214 Ending Loan Count 1,~~284~~242 8,~~743~~529 Beginning Scheduled Balance ~~212~~206,~~956~~078,~~897~~202.3314 1,~~192~~159,~~640~~613,~~967~~358.9285 Ending scheduled Balance ~~206~~198,~~078~~028,~~202~~512.1450 1,~~159~~123,~~613~~927,~~358~~660.8539 Record Date 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 1,~~505~~459,~~947~~778.2258 8,~~421~~193,~~484~~548.4097 Scheduled Principal ~~174~~169,~~188~~680.7525 1,~~131~~110,~~259~~120.0105 Unscheduled Principal 67,~~704~~880,~~506~~009.4439 3134,~~896~~575,~~350~~578.0641 Scheduled Interest 1,~~331~~290,~~758~~098.4733 7,~~290~~083,~~225~~428.3992 Servicing Fees 8885,~~732~~865.0392 ~~496~~483,~~933~~172.7324 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 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 1,~~243~~204,~~026~~232.4441 6,~~793~~600,~~291~~256.6668 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 7.~~004383~~012284 6.~~835209~~830128

Filing Compare · WELLS FARGO HOME EQUITY TRUST MORT PASS THRU CERT SER 2004-1