8-K 1 dms04001_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 DEUTSCHE MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-100675-03 Pooling and Servicing Agreement) (Commission 54-2142325 (State or other File Number) 54-2142326 jurisdiction 54-2142327 of Incorporation) 54-2142328 54-2142329 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 DEUTSCHE MORTGAGE SECURITIES, INC., 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. DEUTSCHE MORTGAGE SECURITIES, INC. 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: 1/2/2005 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

Deutsche Mortgage Securities Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~DMS~~Deutsche Mortgage Securities Mortgage Pass-Through Certificates Series: 2004-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A-1 251563CG5 SEN 5.50000% 4745,~~042~~683,~~031~~643.7002 ~~215~~209,~~609~~383.3439 1,~~358~~180,~~388~~708.6840 I-A-PO 251563CJ9 SEN 0.00000% ~~467~~465,~~002~~150.8188 0.00 ~~1,851~~760.9250 I-A-X 251563CH3 SEN 5.50000% 0.00 65,~~084~~875.2360 0.00 II-A-1 251563CK6 SEN 4.75000% 5150,~~175~~871,~~450~~029.0941 ~~202~~201,~~569~~364.52 ~~304~~915,~~420~~321.6837 II-A-2 251563CV2 SEN 4.75000% 3534,~~101~~881,~~997~~935.1178 138,~~945~~074.4235 ~~220~~661,~~061~~672.3366 II-A-3 251563CW0 SEN 4.75000% 1,892,000.00 7,489.17 0.00 II-A-PO 251563CM2 SEN 0.00000% 1,~~062~~057,~~640~~420.1605 0.00 5,~~220~~261.1172 II-A-X 251563CL4 SEN 4.75000% 0.00 15,~~554~~462.6812 0.00 M 251563CN0 SEN 5.~~02072~~02127% 2,~~092~~085,~~233~~556.3721 8,~~753~~726.7779 6,~~677~~726.1650 B-1 251563CP5 SUB 5.~~02072~~02127% ~~697~~695,~~411~~185.1240 2,~~917~~908.9293 2,~~225~~242.7217 B-2 251563CQ3 SUB 5.~~02072~~02127% ~~435~~434,~~760~~369.3768 1,~~823~~817.1957 1,~~390~~400.6996 B-3 251510DA7 SUB 5.~~02072~~02127% ~~348~~347,~~219~~107.2291 1,~~456~~452.9344 1,~~111~~119.3152 B-4 251510DC3 SUB 5.~~02072~~02127% ~~348~~347,~~219~~107.2291 1,~~456~~452.9344 1,~~111~~119.3152 B-5 251563DE9 SUB 5.~~02072~~02127% ~~174~~173,~~414~~857.3472 ~~729~~727.7449 ~~556~~560.6374 R 251563CR1 SEN 5.50000% 0.00 0.00 0.00 III-A-1 251563BW1 SEN 2.~~12250~~37063% 4433,~~366~~527,~~480~~807.0604 8368,~~704~~442.7685 1017,~~838~~764,~~673~~912.0208 III-A-2 251563BX9 SEN 3.11000% 27,432,000.00 71,094.6059 0.00 III-A-3 251563BY7 SEN 3.69000% 58,418,000.00 179,635.3632 0.00 III-A-4 251563BZ4 SEN 4.96000% 38,268,000.00 158,174.4138 0.00 III-A-5 251563CA8 SEN 5.66000% 28,381,000.00 133,863.7270 0.00 III-A-6 251563CB6 SEN 4.74000% 30,953,000.00 122,264.3533 0.00 III-M-1 251563CD2 SEN 5.17000% 7,429,000.00 32,006.6160 0.00 III-M-2 251563CE0 SEN 5.77000% 4,643,000.00 22,325.09 0.00 III-M-3 251563CF7 SEN 6.40000% 2,322,000.00 12,384.00 0.00 III-A-IO 251563CC4 SEN 4.50000% 0.00 116,075.25 0.00 III-CE 251563CT7 SEN 0.00000% 1,083,386.00 ~~500~~434,~~719~~177.2678 0.00 III-P CU4251563 SEN 0.00000% 100.00 6591,~~952~~349.7178 0.00 III-R 251563CS9 SEN 0.00000% 0.00 0.00 0.00 Totals ~~384~~371,~~133~~391,~~345~~657.5701 2,~~101~~036,~~590~~528.9648 1220,~~741~~541,~~688~~806.5614

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 4544,~~683~~502,~~643~~934.0262 1,~~573~~390,~~998~~091.0279 0.00 I-A-PO 0.00 ~~465~~464,~~150~~390.8839 ~~1,851~~760.9250 0.00 I-A-X 0.00 0.00 65,~~084~~875.2360 0.00 II-A-1 0.00 5049,~~871~~955,~~029~~708.4104 ~~506~~1,~~990~~116,685.2089 0.00 II-A-2 0.00 34,~~881~~220,~~935~~263.7812 ~~359~~799,~~006~~747.7501 0.00 II-A-3 0.00 1,892,000.00 7,489.17 0.00 II-A-PO 0.00 1,~~057~~052,~~420~~158.0533 5,~~220~~261.1172 0.00 II-A-X 0.00 0.00 15,~~554~~462.6812 0.00 M 0.00 2,~~085~~078,~~556~~829.2171 15,~~430~~453.9329 0.00 B-1 0.00 ~~695~~692,~~185~~943.4024 5,~~143~~151.6410 0.00 B-2 0.00 ~~434~~432,~~369~~968.6872 3,~~213~~218.8853 0.00 B-3 0.00 ~~347~~345,~~107~~988.9139 2,~~568~~571.2496 0.00 B-4 0.00 ~~347~~345,~~107~~988.9139 2,~~568~~571.2496 0.00 B-5 0.00 173,~~857~~296.7298 1,~~286~~288.3723 0.00 R 0.00 0.00 0.00 0.00 III-A-1 0.00 3315,~~527~~762,~~807~~894.0496 1017,~~922~~833,~~377~~354.7893 0.00 III-A-2 0.00 27,432,000.00 71,094.6059 0.00 III-A-3 0.00 58,418,000.00 179,635.3632 0.00 III-A-4 0.00 38,268,000.00 158,174.4138 0.00 III-A-5 0.00 28,381,000.00 133,863.7270 0.00 III-A-6 0.00 30,953,000.00 122,264.3533 0.00 III-M-1 0.00 7,429,000.00 32,006.6160 0.00 III-M-2 0.00 4,643,000.00 22,325.09 0.00 III-M-3 0.00 2,322,000.00 12,384.00 0.00 III-A-IO 0.00 0.00 116,075.25 0.00 III-CE 0.00 1,083,386.00 ~~500~~434,~~719~~177.2678 0.00 III-P 0.00 100.00 6591,~~952~~349.7178 0.00 III-R 0.00 0.00 0.00 0.00 Totals 0.00 ~~371~~350,~~391~~849,~~657~~850.0189 1422,~~843~~578,~~279~~334.5262 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-1 61,561,000.00 4745,~~042~~683,~~031~~643.7002 5453,~~440~~300.2794 1,~~303~~127,~~948~~407.4146 0.00 0.00 I-A-PO 487,900.00 ~~467~~465,~~002~~150.8188 ~~571~~572.4981 ~~1,280~~187.4369 0.00 0.00 I-A-X 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 64,867,800.00 5150,~~175~~871,~~450~~029.0941 ~~222~~223,~~121~~414.6024 82691,~~299~~907.0713 0.00 0.00 II-A-2 45,000,000.00 3534,~~101~~881,~~997~~935.1178 ~~160~~161,~~568~~502.5194 59500,~~492~~169.8272 0.00 0.00 II-A-3 1,892,000.00 1,892,000.00 0.00 0.00 0.00 0.00 II-A-PO 1,172,299.97 1,~~062~~057,~~640~~420.1605 4,~~746~~766.0398 ~~474~~494.0874 0.00 0.00 II-A-X 0.00 0.00 0.00 0.00 0.00 0.00 M 2,151,000.00 2,~~092~~085,~~233~~556.3721 6,~~677~~726.1650 0.00 0.00 0.00 B-1 717,000.00 ~~697~~695,~~411~~185.1240 2,~~225~~242.7217 0.00 0.00 0.00 B-2 448,000.00 ~~435~~434,~~760~~369.3768 1,~~390~~400.6996 0.00 0.00 0.00 B-3 358,000.00 ~~348~~347,~~219~~107.2291 1,~~111~~119.3152 0.00 0.00 0.00 B-4 358,000.00 ~~348~~347,~~219~~107.2291 1,~~111~~119.3152 0.00 0.00 0.00 B-5 179,313.32 ~~174~~173,~~414~~857.3472 ~~556~~560.6374 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 III-A-1 110,605,000.00 4433,~~366~~527,~~480~~807.0604 0.00 1017,~~838~~764,~~673~~912.0208 0.00 0.00 III-A-2 27,432,000.00 27,432,000.00 0.00 0.00 0.00 0.00 III-A-3 58,418,000.00 58,418,000.00 0.00 0.00 0.00 0.00 III-A-4 38,268,000.00 38,268,000.00 0.00 0.00 0.00 0.00 III-A-5 28,381,000.00 28,381,000.00 0.00 0.00 0.00 0.00 III-A-6 30,953,000.00 30,953,000.00 0.00 0.00 0.00 0.00 III-M-1 7,429,000.00 7,429,000.00 0.00 0.00 0.00 0.00 III-M-2 4,643,000.00 4,643,000.00 0.00 0.00 0.00 0.00 III-M-3 2,322,000.00 2,322,000.00 0.00 0.00 0.00 0.00 III-A-IO 0.00 0.00 0.00 0.00 0.00 0.00 III-CE 1,087,886.12 1,083,386.00 0.00 0.00 0.00 0.00 III-P 100.00 100.00 0.00 0.00 0.00 0.00 III-R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 488,731,399.41 ~~384~~371,~~133~~391,~~345~~657.5701 ~~455~~456,~~520~~727.7232 1220,~~286~~085,~~167~~078.8382 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A-1 1,~~358~~180,~~388~~708.6840 4544,~~683~~502,~~643~~934.0262 0.~~74208741~~72290792 1,~~358~~180,~~388~~708.6840 I-A-PO ~~1,851~~760.9250 ~~465~~464,~~150~~390.8839 0.~~95337340~~95181470 ~~1,851~~760.9250 I-A-X 0.00 0.00 0.00000000 0.00 II-A-1 ~~304~~915,~~420~~321.6837 5049,~~871~~955,~~029~~708.4104 0.~~78422622~~77011565 ~~304~~915,~~420~~321.6837 II-A-2 ~~220~~661,~~061~~672.3366 34,~~881~~220,~~935~~263.7812 0.~~77515413~~76045029 ~~220~~661,~~061~~672.3366 II-A-3 0.00 1,892,000.00 1.00000000 0.00 II-A-PO 5,~~220~~261.1172 1,~~057~~052,~~420~~158.0533 0.~~90200467~~89751630 5,~~220~~261.1172 II-A-X 0.00 0.00 0.00000000 0.00 M 6,~~677~~726.1650 2,~~085~~078,~~556~~829.2171 0.~~96957518~~96644803 6,~~677~~726.1650 B-1 2,~~225~~242.7217 ~~695~~692,~~185~~943.4024 0.~~96957517~~96644803 2,~~225~~242.7217 B-2 1,~~390~~400.6996 ~~434~~432,~~369~~968.6872 0.~~96957518~~96644804 1,~~390~~400.6996 B-3 1,~~111~~119.3152 ~~347~~345,~~107~~988.9139 0.~~96957517~~96644802 1,~~111~~119.3152 B-4 1,~~111~~119.3152 ~~347~~345,~~107~~988.9139 0.~~96957517~~96644802 1,~~111~~119.3152 B-5 ~~556~~560.6374 173,~~857~~296.7298 0.~~96957504~~96644789 ~~556~~560.6374 R 0.00 0.00 0.00000000 0.00 III-A-1 1017,~~838~~764,~~673~~912.0208 3315,~~527~~762,~~807~~894.0496 0.~~30313103~~14251521 1017,~~838~~764,~~673~~912.0208 III-A-2 0.00 27,432,000.00 1.00000000 0.00 III-A-3 0.00 58,418,000.00 1.00000000 0.00 III-A-4 0.00 38,268,000.00 1.00000000 0.00 III-A-5 0.00 28,381,000.00 1.00000000 0.00 III-A-6 0.00 30,953,000.00 1.00000000 0.00 III-M-1 0.00 7,429,000.00 1.00000000 0.00 III-M-2 0.00 4,643,000.00 1.00000000 0.00 III-M-3 0.00 2,322,000.00 1.00000000 0.00 III-A-IO 0.00 0.00 0.00000000 0.00 III-CE 0.00 1,083,386.00 0.99586343 0.00 III-P 0.00 100.00 1.00000000 0.00 III-R 0.00 0.00 0.00000000 0.00 Totals 1220,~~741~~541,~~688~~806.5614 ~~371~~350,~~391~~849,~~657~~850.0189 0.~~75990955~~71787868 1220,~~741~~541,~~688~~806.5614

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 61,561,000.00 ~~764~~742.~~15314404~~08740956 0.~~88433050~~86582317 2118.~~18140397~~31366385 0.00000000 I-A-PO 487,900.00 ~~957~~953.~~16911252~~37339619 1.~~17132609~~17403156 20.~~62436975~~38468949 0.00000000 I-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 64,867,800.00 ~~788~~784.~~91915696~~22621717 3.~~42421972~~44414702 110.~~26871992~~66641893 0.00000000 II-A-2 45,000,000.00 ~~780~~775.~~04438022~~15412844 3.~~56818911~~58895422 111.~~32206267~~11488267 0.00000000 II-A-3 1,892,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-PO 1,172,299.97 ~~906~~902.~~45755113~~00467206 4.~~04847746~~06634831 0.~~40440161~~42202509 0.00000000 II-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M 2,151,000.00 ~~972~~969.~~67939098~~57517899 3.~~10421199~~12715016 0.00000000 0.00000000 B-1 717,000.00 ~~972~~969.~~67938633~~57517434 3.~~10421199~~12715481 0.00000000 0.00000000 B-2 448,000.00 ~~972~~969.~~67939732~~57517857 3.~~10421875~~12714286 0.00000000 0.00000000 B-3 358,000.00 ~~972~~969.~~67938547~~57516760 3.~~10421788~~12715084 0.00000000 0.00000000 B-4 358,000.00 ~~972~~969.~~67938547~~57516760 3.~~10421788~~12715084 0.00000000 0.00000000 B-5 179,313.32 ~~972~~969.~~67921870~~57504328 3.~~10423119~~12715196 0.00000000 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 110,605,000.00 ~~401~~303.~~12544695~~13102518 0.00000000 97160.~~99442177~~61581375 0.00000000 III-A-2 27,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-3 58,418,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-4 38,268,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-5 28,381,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-6 30,953,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-M-1 7,429,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-M-2 4,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-M-3 2,322,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-CE 1,087,886.12 995.86342732 0.00000000 0.00000000 0.00000000 III-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 III-R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes Are Per $1000 Denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 2219.~~06573447~~17948701 ~~742~~722.~~08740956~~90792255 0.~~74208741~~72290792 2219.~~06573447~~17948701 I-A-PO 0.00000000 31.~~79569584~~55872105 ~~953~~951.~~37339619~~81469563 0.~~95337340~~95181470 31.~~79569584~~55872105 I-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 414.~~69293979~~11056595 ~~784~~770.~~22621717~~11565122 0.~~78422622~~77011565 414.~~69293979~~11056595 II-A-2 0.00000000 414.~~89025178~~70383689 ~~775~~760.~~15412844~~45029156 0.~~77515413~~76045029 414.~~89025178~~70383689 II-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-PO 0.00000000 4.~~45287907~~48837340 ~~902~~897.~~00467206~~51629867 0.~~90200467~~89751630 4.~~45287907~~48837340 II-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 3.~~10421199~~12715016 ~~969~~966.~~57517899~~44802882 0.~~96957518~~96644803 3.~~10421199~~12715016 B-1 0.00000000 3.~~10421199~~12715481 ~~969~~966.~~57517434~~44803347 0.~~96957517~~96644803 3.~~10421199~~12715481 B-2 0.00000000 3.~~10421875~~12714286 ~~969~~966.~~57517857~~44803571 0.~~96957518~~96644804 3.~~10421875~~12714286 B-3 0.00000000 3.~~10421788~~12715084 ~~969~~966.~~57516760~~44801676 0.~~96957517~~96644802 3.~~10421788~~12715084 B-4 0.00000000 3.~~10421788~~12715084 ~~969~~966.~~57516760~~44801676 0.~~96957517~~96644802 3.~~10421788~~12715084 B-5 0.00000000 3.~~10423119~~12715196 ~~969~~966.~~57504328~~44789132 0.~~96957504~~96644789 3.~~10423119~~12715196 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 0.00000000 97160.~~99442177~~61581375 ~~303~~142.~~13102518~~51521143 0.~~30313103~~14251521 97160.~~99442177~~61581375 III-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-CE 0.00000000 0.00000000 995.86342732 0.99586343 0.00000000 III-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 III-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 I-A-1 61,561,000.00 5.50000% 4745,~~042~~683,~~031~~643.7002 ~~215~~209,~~609~~383.3136 0.00 0.00 I-A-PO 487,900.00 0.00000% ~~467~~465,~~002~~150.8188 0.00 0.00 0.00 I-A-X 0.00 5.50000% 1,~~327~~281,~~468~~949.3752 65,~~084~~875.2360 0.00 0.00 II-A-1 64,867,800.00 4.75000% 5150,~~175~~871,~~450~~029.0941 ~~202~~201,~~569~~364.49 0.00 0.00 II-A-2 45,000,000.00 4.75000% 3534,~~101~~881,~~997~~935.1178 138,~~945~~074.4133 0.00 0.00 II-A-3 1,892,000.00 4.75000% 1,892,000.00 7,489.17 0.00 0.00 II-A-PO 1,172,299.97 0.00000% 1,~~062~~057,~~640~~420.1605 0.00 0.00 0.00 II-A-X 0.00 4.75000% 3,~~929~~906,~~602~~219.9119 15,~~554~~462.6812 0.00 0.00 M 2,151,000.00 5.~~02072~~02127% 2,~~092~~085,~~233~~556.3721 8,~~753~~726.7779 0.00 0.00 B-1 717,000.00 5.~~02072~~02127% ~~697~~695,~~411~~185.1240 2,~~917~~908.9293 0.00 0.00 B-2 448,000.00 5.~~02072~~02127% ~~435~~434,~~760~~369.3768 1,~~823~~817.1957 0.00 0.00 B-3 358,000.00 5.~~02072~~02127% ~~348~~347,~~219~~107.2291 1,~~456~~452.9344 0.00 0.00 B-4 358,000.00 5.~~02072~~02127% ~~348~~347,~~219~~107.2291 1,~~456~~452.9344 0.00 0.00 B-5 179,313.32 5.~~02072~~02127% ~~174~~173,~~414~~857.3472 ~~729~~727.7449 0.00 0.00 R 100.00 5.50000% 0.00 0.00 0.00 0.00 III-A-1 110,605,000.00 2.~~12250~~37063% 4433,~~366~~527,~~480~~807.0604 8368,~~704~~442.7686 0.00 0.00 III-A-2 27,432,000.00 3.11000% 27,432,000.00 71,094.60 0.00 0.00 III-A-3 58,418,000.00 3.69000% 58,418,000.00 179,635.35 0.00 0.00 III-A-4 38,268,000.00 4.96000% 38,268,000.00 158,174.40 0.00 0.00 III-A-5 28,381,000.00 5.66000% 28,381,000.00 133,863.72 0.00 0.00 III-A-6 30,953,000.00 4.74000% 30,953,000.00 122,264.35 0.00 0.00 III-M-1 7,429,000.00 5.17000% 7,429,000.00 32,006.61 0.00 0.00 III-M-2 4,643,000.00 5.77000% 4,643,000.00 22,325.09 0.00 0.00 III-M-3 2,322,000.00 6.40000% 2,322,000.00 12,384.00 0.00 0.00 III-A-IO 0.00 4.50000% 30,953,400.00 116,075.25 0.00 0.00 III-CE 1,087,886.12 0.00000% 1,083,386.00 0.00 0.00 0.00 III-P 100.00 0.00000% 100.00 0.00 0.00 0.00 III-R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 488,731,399.41 1,~~534~~511,~~918~~000.9096 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A-1 (0.03) 0.00 ~~215~~209,~~609~~383.3439 0.00 4544,~~683~~502,~~643~~934.0262 I-A-PO 0.00 0.00 0.00 0.00 ~~465~~464,~~150~~390.8839 I-A-X 0.00 0.00 65,~~084~~875.2360 0.00 1,~~281~~232,~~949~~177.5288 II-A-1 (0.03) 0.00 ~~202~~201,~~569~~364.52 0.00 5049,~~871~~955,~~029~~708.4104 II-A-2 (0.02) 0.00 138,~~945~~074.4235 0.00 34,~~881~~220,~~935~~263.7812 II-A-3 0.00 0.00 7,489.17 0.00 1,892,000.00 II-A-PO 0.00 0.00 0.00 0.00 1,~~057~~052,~~420~~158.0533 II-A-X 0.00 0.00 15,~~554~~462.6812 0.00 3,~~906~~789,~~219~~551.1918 M 0.00 0.00 8,~~753~~726.7779 0.00 2,~~085~~078,~~556~~829.2171 B-1 0.00 0.00 2,~~917~~908.9293 0.00 ~~695~~692,~~185~~943.4024 B-2 0.00 0.00 1,~~823~~817.1957 0.00 ~~434~~432,~~369~~968.6872 B-3 0.00 0.00 1,~~456~~452.9344 0.00 ~~347~~345,~~107~~988.9139 B-4 0.00 0.00 1,~~456~~452.9344 0.00 ~~347~~345,~~107~~988.9139 B-5 0.00 0.00 ~~729~~727.7449 0.00 173,~~857~~296.7298 R 0.00 0.00 0.00 0.00 0.00 III-A-1 0.0001 0.00 8368,~~704~~442.7685 0.00 3315,~~527~~762,~~807~~894.0496 III-A-2 0.0001 0.00 71,094.6059 0.00 27,432,000.00 III-A-3 (0.~~01)~~03 0.00 179,635.3632 0.00 58,418,000.00 III-A-4 (0.~~01)~~02 0.00 158,174.4138 0.00 38,268,000.00 III-A-5 0.0002 0.00 133,863.7270 0.00 28,381,000.00 III-A-6 0.0002 0.00 122,264.3533 0.00 30,953,000.00 III-M-1 0.00 0.00 32,006.6160 0.00 7,429,000.00 III-M-2 0.00 0.00 22,325.09 0.00 4,643,000.00 III-M-3 0.00 0.00 12,384.00 0.00 2,322,000.00 III-A-IO 0.00 0.00 116,075.25 0.00 30,953,400.00 III-CE 0.00 0.00 ~~500~~434,~~719~~177.2678 0.00 1,083,386.00 III-P 0.00 0.00 6591,~~952~~349.7178 0.00 100.00 III-R 0.00 0.00 0.00 0.00 0.00 Totals (0.~~10)~~03 0.00 2,~~101~~036,~~590~~528.9648 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A-1 61,561,000.00 5.50000% ~~764~~742.~~15314404~~08740956 3.~~50236855~~40123390 0.00000000 0.00000000 I-A-PO 487,900.00 0.00000% ~~957~~953.~~16911252~~37339619 0.00000000 0.00000000 0.00000000 I-A-X 0.00 5.50000% ~~707~~683.~~70533273~~43813842 3.~~24364943~~13242375 0.00000000 0.00000000 II-A-1 64,867,800.00 4.75000% ~~788~~784.~~91915696~~22621717 3.~~12280500~~10422875 0.00000000 0.00000000 II-A-2 45,000,000.00 4.75000% ~~780~~775.~~04438022~~15412844 3.~~08767578~~06831844 0.00000000 0.00000000 II-A-3 1,892,000.00 4.75000% 1000.00000000 3.95833510 0.00000000 0.00000000 II-A-PO 1,172,299.97 0.00000% ~~906~~902.~~45755113~~00467206 0.00000000 0.00000000 0.00000000 II-A-X 0.00 4.75000% ~~712~~708.~~71376047~~47264517 2.~~82115896~~80437132 0.00000000 0.00000000 M 2,151,000.00 5.~~02072~~02127% ~~972~~969.~~67939098~~57517899 4.~~06962808~~05708508 0.00000000 0.00000000 B-1 717,000.00 5.~~02072~~02127% ~~972~~969.~~67938633~~57517434 4.~~06962343~~05708508 0.00000000 0.00000000 B-2 448,000.00 5.~~02072~~02127% ~~972~~969.~~67939732~~57517857 4.~~06962054~~05707589 0.00000000 0.00000000 B-3 358,000.00 5.~~02072~~02127% ~~972~~969.~~67938547~~57516760 4.~~06963687~~05709497 0.00000000 0.00000000 B-4 358,000.00 5.~~02072~~02127% ~~972~~969.~~67938547~~57516760 4.~~06963687~~05709497 0.00000000 0.00000000 B-5 179,313.32 5.~~02072~~02127% ~~972~~969.~~67921870~~57504328 4.~~06963632~~05708845 0.00000000 0.00000000 R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 110,605,000.00 2.~~12250~~37063% ~~401~~303.~~12544695~~13102518 0.~~75679002~~61880439 0.00000000 0.00000000 III-A-2 27,432,000.00 3.11000% 1000.00000000 2.59166667 0.00000000 0.00000000 III-A-3 58,418,000.00 3.69000% 1000.00000000 3.07500000 0.00000000 0.00000000 III-A-4 38,268,000.00 4.96000% 1000.00000000 4.13333333 0.00000000 0.00000000 III-A-5 28,381,000.00 5.66000% 1000.00000000 4.71666678 0.00000000 0.00000000 III-A-6 30,953,000.00 4.74000% 1000.00000000 3.95000000 0.00000000 0.00000000 III-M-1 7,429,000.00 5.17000% 1000.00000000 4.30833356 0.00000000 0.00000000 III-M-2 4,643,000.00 5.77000% 1000.00000000 4.80833297 0.00000000 0.00000000 III-M-3 2,322,000.00 6.40000% 1000.00000000 5.33333333 0.00000000 0.00000000 III-A-IO 0.00 4.50000% 800.00103381 3.00000388 0.00000000 0.00000000 III-CE 1,087,886.12 0.00000% 995.86342732 0.00000000 0.00000000 0.00000000 III-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 III-R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes Are Per $1000 Denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 (0.00000049) 0.00000000 3.~~50236903~~40123439 0.00000000 ~~742~~722.~~08740956~~90792255 I-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~953~~951.~~37339619~~81469563 I-A-X 0.00000000 0.00000000 3.~~24364943~~13242375 0.00000000 ~~683~~656.~~43813842~~90367941 II-A-1 (0.00000046) 0.00000000 3.~~12280546~~10422922 0.00000000 ~~784~~770.~~22621717~~11565122 II-A-2 (0.00000044) 0.00000000 3.~~08767600~~06831889 0.00000000 ~~775~~760.~~15412844~~45029156 II-A-3 0.00000000 0.00000000 3.95833510 0.00000000 1000.00000000 II-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~902~~897.~~00467206~~51629867 II-A-X 0.00000000 0.00000000 2.~~82115896~~80437132 0.00000000 ~~708~~687.~~47264517~~31251830 M 0.00000000 0.00000000 4.~~06962808~~05708508 0.00000000 ~~969~~966.~~57517899~~44802882 B-1 0.00000000 0.00000000 4.~~06962343~~05708508 0.00000000 ~~969~~966.~~57517434~~44803347 B-2 0.00000000 0.00000000 4.~~06962054~~05707589 0.00000000 ~~969~~966.~~57517857~~44803571 B-3 0.00000000 0.00000000 4.~~06963687~~05709497 0.00000000 ~~969~~966.~~57516760~~44801676 B-4 0.00000000 0.00000000 4.~~06963687~~05709497 0.00000000 ~~969~~966.~~57516760~~44801676 B-5 0.00000000 0.00000000 4.~~06963632~~05708845 0.00000000 ~~969~~966.~~57504328~~44789132 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 0.~~00000000~~00000009 0.00000000 0.~~75679002~~61880430 0.00000000 ~~303~~142.~~13102518~~51521143 III-A-2 0.~~00000000~~00000036 0.00000000 2.~~59166667~~59166630 0.00000000 1000.00000000 III-A-3 (0.~~00000017)~~00000051 0.00000000 3.~~07500017~~07499949 0.00000000 1000.00000000 III-A-4 (0.~~00000026)~~00000052 0.00000000 4.~~13333359~~13333281 0.00000000 1000.00000000 III-A-5 0.~~00000000~~00000070 0.00000000 4.~~71666678~~71666608 0.00000000 1000.00000000 III-A-6 0.~~00000000~~00000065 0.00000000 3.~~95000000~~94999935 0.00000000 1000.00000000 III-M-1 0.00000000 0.00000000 4.~~30833356~~30833221 0.00000000 1000.00000000 III-M-2 0.00000000 0.00000000 4.80833297 0.00000000 1000.00000000 III-M-3 0.00000000 0.00000000 5.33333333 0.00000000 1000.00000000 III-A-IO 0.00000000 0.00000000 3.00000388 0.00000000 800.00103381 III-CE 0.00000000 0.00000000 ~~460~~399.~~26808394~~10223324 0.00000000 995.86342732 III-P 0.00000000 0.00000000 ~~659527~~913497.~~10000000~~80000000 0.00000000 1000.00000000 III-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 1422,~~861~~571,~~806~~859.8056 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 9491,~~469~~494.4873 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 6591,~~952~~349.7178 Total Deposits 1522,~~022~~754,~~228~~704.9907 Withdrawals Reimbursement for Servicer Advances 94,~~237~~469.2848 Payment of Service Fee 8481,~~712~~899.1997 Payment of Interest and Principal 1422,~~843~~578,~~279~~334.5262 Total Withdrawals (Pool Distribution Amount) 1522,~~022~~754,~~228~~704.9907 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0(15,937.0043)

SERVICING FEES Gross Servicing Fee 8077,~~027~~373.8531 Credit Risk Manager Fee - Murrayhill 32,~~083~~979.8222 Master Servicing Fee- Wells Fargo 1,~~600~~547.5244 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8481,~~712~~899.1997

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 87 0 0 87 1918,~~074,061~~006.8938 0.00 0.00 1918,~~074,061~~006.8938 30 Days 2016 1 01 0 2118 32,~~074~~513,~~338~~649.3322 83196,~~369~~139.6725 0136,698.0072 0.00 32,~~157~~846,~~708~~487.0019 60 Days 34 1 4 0 89 ~~688~~324,~~869~~493.7999 393,~~325~~088.9195 ~~840~~795,~~233~~549.5273 0.00 1,~~922~~513,~~429~~132.2267 90 Days 02 01 24 0 27 0522,598.0074 0223,638.0092 ~~347~~782,~~978~~865.1465 0.00 ~~347~~1,~~978~~529,103.1431 120 Days 0 21 41 0 62 0.00 ~~385~~299,~~544~~379.1138 ~~628~~187,~~567~~505.4413 0.00 1486,~~014,111~~884.5551 150 Days 1 0 51 2 0 63 ~~121,102.21~~ 0.00 185,~~340~~919.56 281,~~521~~551.9395 0.00 1367,~~461,624~~471.1451 180+ Days 0 7 1215 7 2629 0.00 1,~~209~~190,~~620~~397.5134 23,~~476~~539,~~718~~323.3257 1,~~720~~572,~~321~~609.6504 56,~~406~~302,~~660~~329.4895 Totals 2422 19 27 7 7775 3,~~884~~360,~~310~~741.3395 3,~~145~~306,~~922~~569.0978 5,~~634~~723,~~019~~494.3575 1,~~720~~572,~~321~~609.6504 1413,~~384~~963,~~573~~415.4252 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.~~476758~~438322% 0.000000% 0.000000% 0.~~476758~~438322% 0.~~288729~~261209% 0.000000% 0.000000% 0.~~288729~~261209% 30 Days 1.~~191895~~001879% 0.~~059595~~062617% 0.~~000000~~062617% 0.000000% 1.~~251490~~127113% 0.~~826443~~715233% 0.~~022411~~055809% 0.~~000000~~038896% 0.000000% 0.~~848854~~809939% 60 Days 0.~~178784~~250470% 0.~~059595~~062617% 0.~~238379~~250470% 0.000000% 0.~~476758~~563557% 0.~~185182~~092331% 0.~~105734~~111849% 0.~~225871~~226366% 0.000000% 0.~~516787~~430546% 90 Days 0.~~000000~~125235% 0.~~000000~~062617% 0.~~119190~~250470% 0.000000% 0.~~119190~~438322% 0.~~000000~~148700% 0.~~000000~~063634% 0.~~093543~~222756% 0.000000% 0.~~093543~~435091% 120 Days 0.000000% 0.~~119190~~062617% 0.~~238379~~062617% 0.000000% 0.~~357569~~125235% 0.000000% 0.~~103642~~085185% 0.~~168971~~053353% 0.000000% 0.~~272613~~138538% 150 Days 0.~~059595~~000000% 0.~~000000~~062617% 0.~~297974~~125235% 0.000000% 0.~~357569~~187852% 0.~~032555~~000000% 0.~~000000~~024448% 0.~~360359~~080113% 0.000000% 0.~~392913~~104560% 180+ Days 0.000000% 0.~~417163~~438322% 0.~~715137~~939261% 0.~~417163~~438322% 1.~~549464~~815905% 0.000000% 0.~~325170~~338715% 01.~~665791~~007078% 0.~~462456~~447470% 1.~~453417~~793264% Totals 1.~~430274~~377583% 1.~~132300~~189731% 1.~~609058~~690670% 0.~~417163~~438322% 4.~~588796~~696306% 10.~~044179~~956265% 0.~~845686~~940851% 1.~~514536~~628562% 0.~~462456~~447470% 3.~~866858~~973147%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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 ~~559,009~~0.3900 0.00 0.00 0.00 ~~559,009~~0.3900 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 ~~559,009~~0.3900 0.00 0.00 0.00 ~~559,009~~0.3900 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~502513~~000000% 0.000000% 0.000000% 0.000000% 0.~~502513~~000000% 0.~~610110~~000000% 0.000000% 0.000000% 0.000000% 0.~~610110~~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.~~502513~~000000% 0.000000% 0.000000% 0.000000% 0.~~502513~~000000% 0.~~610110~~000000% 0.000000% 0.000000% 0.000000% 0.~~610110~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 87 0 0 87 1918,~~074,061~~006.8938 0.00 0.00 1918,~~074,061~~006.8938 30 Days 1916 1 01 0 2018 2,~~515~~513,~~328~~649.9422 83196,~~369~~139.6725 0136,698.0072 0.00 2,~~598~~846,~~698~~487.6119 60 Days 34 1 4 0 89 ~~688~~324,~~869~~493.7999 393,~~325~~088.9195 ~~840~~795,~~233~~549.5273 0.00 1,~~922~~513,~~429~~132.2267 90 Days 02 01 24 0 27 0522,598.0074 0223,638.0092 ~~347~~782,~~978~~865.1465 0.00 ~~347~~1,~~978~~529,103.1431 120 Days 0 21 41 0 62 0.00 ~~385~~299,~~544~~379.1138 ~~628~~187,~~567~~505.4413 0.00 1486,~~014,111~~884.5551 150 Days 1 0 51 2 0 63 ~~121,102.21~~ 0.00 185,~~340~~919.56 281,~~521~~551.9395 0.00 1367,~~461,624~~471.1451 180 Days 0 7 1215 7 2629 0.00 1,~~209~~190,~~620~~397.5134 23,~~476~~539,~~718~~323.3257 1,~~720~~572,~~321~~609.6504 56,~~406~~302,~~660~~329.4895 Totals 2322 19 27 7 7675 3,~~325~~360,~~300~~741.9495 3,~~145~~306,~~922~~569.0978 5,~~634~~723,~~019~~494.3575 1,~~720~~572,~~321~~609.6504 13,~~825~~963,~~564~~415.0352 0-29 Days 0.~~583090~~540123% 0.000000% 0.000000% 0.~~583090~~540123% 0.~~461565~~427112% 0.000000% 0.000000% 0.~~461565~~427112% 30 Days 1.~~384840~~234568% 0.~~072886~~077160% 0.~~000000~~077160% 0.000000% 1.~~457726~~388889% 1.~~080932~~169501% 0.~~035827~~091256% 0.~~000000~~063600% 0.000000% 1.~~116759~~324357% 60 Days 0.~~218659~~308642% 0.~~072886~~077160% 0.~~291545~~308642% 0.000000% 0.~~583090~~694444% 0.~~296033~~150974% 0.~~169027~~182889% 0.~~361080~~370138% 0.000000% 0.~~826140~~704000% 90 Days 0.~~000000~~154321% 0.~~000000~~077160% 0.~~145773~~308642% 0.000000% 0.~~145773~~540123% 0.~~000000~~243144% 0.~~000000~~104050% 0.~~149539~~364236% 0.000000% 0.~~149539~~711431% 120 Days 0.000000% 0.~~145773~~077160% 0.~~291545~~077160% 0.000000% 0.~~437318~~154321% 0.000000% 0.~~165683~~139289% 0.~~270119~~087239% 0.000000% 0.~~435802~~226528% 150 Days 0.~~072886~~000000% 0.~~000000~~077160% 0.~~364431~~154321% 0.000000% 0.~~437318~~231481% 0.~~052042~~000000% 0.~~000000~~039975% 0.~~576073~~130995% 0.000000% 0.~~628115~~170970% 180 Days 0.000000% 0.~~510204~~540123% 01.~~874636~~157407% 0.~~510204~~540123% 12.~~895044~~237654% 0.000000% 0.~~519820~~553844% 1.~~064339~~646706% 0.~~739287~~731672% 2.~~323446~~932223% Totals 1.~~676385~~697531% 1.~~384840~~466049% 12.~~967930~~083333% 0.~~510204~~540123% 5.~~539359~~787037% 1.~~429007~~563619% 1.~~351921~~538415% 2.~~421150~~662914% 0.~~739287~~731672% 56.~~941366~~496620%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 9491,~~469~~494.4873

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02046114% 100,000.00 0.~~02692575~~02850222% Fraud 3,583,848.26 0.73329609% 2,778,687.28 0.~~74818247~~79198759% Special Hazard 2,074,436.38 0.42445326% 2,074,436.38 0.~~55855761~~59126044% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~623795~~549674% Weighted Average Net Coupon 6.~~373795~~299674% Weighted Average Pass-Through Rate 6.~~359161~~285047% Weighted Average Maturity(Stepdown Calculation ) ~~293~~292 Beginning Scheduled Collateral Loan Count 1,~~737~~678 Number Of Loans Paid In Full 5981 Ending Scheduled Collateral Loan Count 1,~~678~~597 Beginning Scheduled Collateral Balance ~~384~~371,~~133~~391,~~345~~657.5703 Ending Scheduled Collateral Balance ~~371~~350,~~391~~849,~~657~~850.0389 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~371~~351,~~996~~444,~~426~~719.3508 Monthly P &I Constant 2,~~809~~723,~~015~~712.1013 Special Servicing Fee 0.00 Prepayment Penalties 6591,~~952~~349.7178 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~371~~350,~~391~~849,~~657~~850.0389 Scheduled Principal ~~686~~680,~~851~~696.3012 Unscheduled Principal 1219,~~054~~861,~~837~~110.2402 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,083,386.00 Overcollateralized Amount 1,083,386.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 5.~~860608~~858328 5.~~162266~~162200 7.~~329223~~236313 Weighted Average Net Rate 5.~~610607~~608327 4.~~912266~~912200 76.~~079223~~986313 Weighted Average Maturity ~~344~~343 ~~164~~163 ~~330~~329 Beginning Loan Count ~~110~~107 199 1,~~428~~372 Loans Paid In Full 2 3 076 56 Ending Loan Count ~~107~~105 ~~199~~196 1,~~372~~296 Beginning Scheduled Balance 4847,~~987~~625,~~634~~682.5581 91,~~849~~308,~~744~~681.9618 ~~243~~232,~~295~~457,~~966~~293.0604 Ending scheduled Balance 4746,~~625~~442,~~682~~490.8177 9189,~~308~~714,~~681~~979.1816 ~~232~~214,~~457~~692,~~293~~380.0496 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~295~~288,~~970~~102.6560 793,925.13 1,~~719~~641,~~119~~684.3240 Scheduled Principal 5655,~~722~~596.9089 ~~398~~401,~~797~~130.8143 ~~231~~223,~~330~~968.5980 Unscheduled Principal 1,~~305~~127,~~228~~595.8415 ~~142~~1,~~265~~192,571.9759 1017,~~607~~540,~~342~~943.4328 Scheduled Interest ~~239~~232,~~247~~505.7571 ~~395~~392,~~127~~794.3270 1,~~487~~417,~~788~~715.7360 Servicing Fees 109,~~205~~922.7703 19,~~135~~022.3663 5048,~~686~~428.7265 Master Servicing Fees ~~204~~198.1043 ~~382~~380.7344 ~~1,013~~968.6957 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 ~~367~~357.4119 ~~688~~684.8983 21,~~027~~937.5220 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 ~~228~~222,~~470~~028.4706 ~~374~~372,~~920~~706.3480 1,~~434~~366,~~060~~381.8018 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.~~596608~~594328 4.~~898266~~898200 76.~~064223~~971313

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 6.~~623795~~549674 Weighted Average Net Rate 6.~~373795~~299674 Weighted Average Maturity ~~293~~292 Beginning Loan Count 1,~~737~~678 Loans Paid In Full 5981 Ending Loan Count 1,~~678~~597 Beginning Scheduled Balance ~~384~~371,~~133~~391,~~345~~657.5703 Ending scheduled Balance ~~371~~350,~~391~~849,~~657~~850.0389 Record Date 1011/3130/2004 Principal And Interest Constant 2,~~809~~723,~~015~~712.1013 Scheduled Principal ~~686~~680,~~851~~696.3012 Unscheduled Principal 1219,~~054~~861,~~837~~110.2402 Scheduled Interest 2,~~122~~043,~~163~~016.8001 Servicing Fees 8077,~~027~~373.8531 Master Servicing Fees 1,~~600~~547.5244 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 32,~~083~~979.8222 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 21,~~037~~961,~~451~~116.6104 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.~~359161~~285047

Filing Compare · DEUTSCHE MORTGAGE SEC INC MORT LOAN TR SER 2004-1