8-K 1 dms04003_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 2004-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-100675-05 Pooling and Servicing Agreement) (Commission 54-2151943 (State or other File Number) 54-2151944 jurisdiction 54-2151945 of Incorporation) 54-2151946 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 2004-3 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 2004-3 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 2004-3 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 2004-3 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: 2004-3 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 251563DS8 SEN 2.~~11250~~36063% 5956,~~068~~164,~~143~~657.8544 ~~110~~114,~~916~~169.8553 25,~~903~~738,~~486~~461.4182 I-A-2 251563DT6 SEN 2.91000% 12,779,000.00 30,989.07 0.00 I-A-3 251563DU3 SEN 3.59000% 23,292,000.00 69,681.90 0.00 I-A-4 251563DV1 SEN 4.60000% 16,685,000.00 63,959.1716 0.00 I-A-5 251563DW9 SEN 5.36000% 22,551,000.00 100,727.8079 0.00 I-A-6 251563DX7 SEN 4.36000% 25,000,000.00 90,833.33 0.00 I-A-7 251563DY5 SEN 3.75000% 50,000,000.00 156,~~250~~249.0099 0.00 I-AI-O 251563DZ2 SEN 4.50000% 0.00 93,~~750~~749.0099 0.00 I-M-1 251563EA6 SUB 4.87000% 6,000,000.00 24,350.00 0.00 I-M-2 251563EB4 SUB 5.32000% 4,375,000.00 19,395.83 0.00 I-M-3 251563EC2 SUB 6.07000% 1,875,000.00 9,484.37 0.00 I-CE DMS043OC1 SEN 0.00000% 874,058.00 ~~385~~456,~~999~~499.1805 0.00 I-P DMS0403P1 SEN 0.00000% 100.00 5060,~~147~~340.8877 0.00 I-R DMS0403R1 SEN 0.00000% 0.00 0.00 0.00 II-AR-1 251563ED0 SEN 2.~~20250~~45063% 8177,~~057~~571,~~836~~412.4584 ~~158~~163,~~693~~696.2221 32,~~486~~582,~~423~~476.6188 II-AR-2 251563EE8 SEN 2.~~32250~~57063% ~~109~~100,~~637~~613,~~281~~056.9893 ~~226~~222,~~340~~716.0686 97,~~024~~401,~~225~~500.0532 II-MR-1 251563EF5 SUB 2.~~53250~~78063% 8,625,000.00 1920,~~415~~651.8397 0.00 II-MR-2 251563EG3 SUB 3.~~18250~~43063% 5,875,000.00 1617,~~619~~355.7265 0.00 II-MR-3 251563EH1 SUB 34.~~93250~~18063% 4,875,000.00 17,~~040~~549.8394 0.00 II-CE DMS043OC2 SEN 0.00000% ~~286~~578,871.5441 0.00 0.00 II-P DMS0403P2 SEN 0.00000% 100.00 1512,~~405~~940.6200 0.00 II-R DMS0403R2 SEN 0.00000% 0.00 0.00 0.00 Totals ~~432~~417,~~569~~734,~~806~~256.8262 1,~~660~~745,~~000~~341.6641 15,~~414~~722,~~135~~439.0702

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 5650,~~164~~426,~~657~~195.4462 35,~~014~~852,~~403~~631.2635 0.00 I-A-2 0.00 12,779,000.00 30,989.07 0.00 I-A-3 0.00 23,292,000.00 69,681.90 0.00 I-A-4 0.00 16,685,000.00 63,959.1716 0.00 I-A-5 0.00 22,551,000.00 100,727.8079 0.00 I-A-6 0.00 25,000,000.00 90,833.33 0.00 I-A-7 0.00 50,000,000.00 156,~~250~~249.0099 0.00 I-AI-O 0.00 0.00 93,~~750~~749.0099 0.00 I-M-1 0.00 6,000,000.00 24,350.00 0.00 I-M-2 0.00 4,375,000.00 19,395.83 0.00 I-M-3 0.00 1,875,000.00 9,484.37 0.00 I-CE 0.00 874,058.00 ~~385~~456,~~999~~499.1805 0.00 I-P 0.00 100.00 5060,~~147~~340.8877 0.00 I-R 0.00 0.00 0.00 0.00 II-AR-1 0.00 7774,~~571~~988,~~412~~935.8496 32,~~645~~746,~~116~~173.8309 0.00 II-AR-2 0.00 ~~100~~93,~~613~~211,~~056~~556.9361 97,~~250~~624,~~565~~217.1118 0.00 II-MR-1 0.00 8,625,000.00 1920,~~415~~651.8397 0.00 II-MR-2 0.00 5,875,000.00 1617,~~619~~355.7265 0.00 II-MR-3 0.00 4,875,000.00 17,~~040~~549.8394 0.00 II-CE 0.00 ~~578~~1,~~871~~094,470.4110 0.00 0.00 II-P 0.00 100.00 1512,~~405~~940.6200 0.00 II-R 0.00 0.00 0.00 0.00 Totals 0.00 ~~417~~402,~~734~~527,~~256~~416.6229 17,~~074~~467,~~135~~780.7343 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 86,569,000.00 5956,~~068~~164,~~143~~657.8544 0.00 25,~~903~~738,~~486~~461.4182 0.00 0.00 I-A-2 12,779,000.00 12,779,000.00 0.00 0.00 0.00 0.00 I-A-3 23,292,000.00 23,292,000.00 0.00 0.00 0.00 0.00 I-A-4 16,685,000.00 16,685,000.00 0.00 0.00 0.00 0.00 I-A-5 22,551,000.00 22,551,000.00 0.00 0.00 0.00 0.00 I-A-6 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00 I-A-7 50,000,000.00 50,000,000.00 0.00 0.00 0.00 0.00 I-AI-O 0.00 0.00 0.00 0.00 0.00 0.00 I-M-1 6,000,000.00 6,000,000.00 0.00 0.00 0.00 0.00 I-M-2 4,375,000.00 4,375,000.00 0.00 0.00 0.00 0.00 I-M-3 1,875,000.00 1,875,000.00 0.00 0.00 0.00 0.00 I-CE 873,958.00 874,058.00 0.00 0.00 0.00 0.00 I-P 100.00 100.00 0.00 0.00 0.00 0.00 I-R 0.00 0.00 0.00 0.00 0.00 0.00 II-AR-1 95,986,000.00 8177,~~057~~571,~~836~~412.4584 0.00 32,~~486~~582,~~423~~476.6188 0.00 0.00 II-AR-2 134,639,000.00 ~~109~~100,~~637~~613,~~281~~056.9893 0.00 97,~~024~~401,~~225~~500.0532 0.00 0.00 II-MR-1 8,625,000.00 8,625,000.00 0.00 0.00 0.00 0.00 II-MR-2 5,875,000.00 5,875,000.00 0.00 0.00 0.00 0.00 II-MR-3 4,875,000.00 4,875,000.00 0.00 0.00 0.00 0.00 II-CE 287.00 ~~286~~578,871.5441 0.00 0.00 0.00 0.00 II-P 100.00 100.00 0.00 0.00 0.00 0.00 II-R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 500,000,445.00 ~~432~~417,~~569~~734,~~806~~256.8262 0.00 15,~~414~~722,~~135~~439.0702 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 25,~~903~~738,~~486~~461.4182 5650,~~164~~426,~~657~~195.4462 0.~~64878487~~58249715 25,~~903~~738,~~486~~461.4182 I-A-2 0.00 12,779,000.00 1.00000000 0.00 I-A-3 0.00 23,292,000.00 1.00000000 0.00 I-A-4 0.00 16,685,000.00 1.00000000 0.00 I-A-5 0.00 22,551,000.00 1.00000000 0.00 I-A-6 0.00 25,000,000.00 1.00000000 0.00 I-A-7 0.00 50,000,000.00 1.00000000 0.00 I-AI-O 0.00 0.00 0.00000000 0.00 I-M-1 0.00 6,000,000.00 1.00000000 0.00 I-M-2 0.00 4,375,000.00 1.00000000 0.00 I-M-3 0.00 1,875,000.00 1.00000000 0.00 I-CE 0.00 874,058.00 1.00011442 0.00 I-P 0.00 100.00 1.00000000 0.00 I-R 0.00 0.00 0.00000000 0.00 II-AR-1 32,~~486~~582,~~423~~476.6188 7774,~~571~~988,~~412~~935.8496 0.~~80815341~~78124868 32,~~486~~582,~~423~~476.6188 II-AR-2 97,~~024~~401,~~225~~500.0532 ~~100~~93,~~613~~211,~~056~~556.9361 0.~~74728019~~69230726 97,~~024~~401,~~225~~500.0532 II-MR-1 0.00 8,625,000.00 1.00000000 0.00 II-MR-2 0.00 5,875,000.00 1.00000000 0.00 II-MR-3 0.00 4,875,000.00 1.00000000 0.00 II-CE 0.00 ~~578~~1,~~871~~094,470.4110 23,~~016~~813.~~97355401~~48466899 0.00 II-P 0.00 100.00 1.00000000 0.00 II-R 0.00 0.00 0.00000000 0.00 Totals 15,~~414~~722,~~135~~439.0702 ~~417~~402,~~734~~527,~~256~~416.6229 0.~~83546777~~80505412 15,~~414~~722,~~135~~439.0702

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 86,569,000.00 ~~682~~648.~~32443311~~78487033 0.00000000 3366.~~53956278~~28772216 0.00000000 I-A-2 12,779,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-3 23,292,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-4 16,685,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-5 22,551,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-6 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-7 50,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-AI-O 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 6,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-2 4,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-3 1,875,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-CE 873,958.00 1000.11442197 0.00000000 0.00000000 0.00000000 I-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-AR-1 95,986,000.00 ~~844~~808.~~47561571~~15340612 0.00000000 3626.~~32220959~~90472444 0.00000000 II-AR-2 134,639,000.00 ~~814~~747.~~30552797~~28018576 0.00000000 6754.~~02534221~~97292998 0.00000000 II-MR-1 8,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-MR-2 5,875,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-MR-3 4,875,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-CE 287.00 ~~998~~2016973.~~39721254~~55400697 0.00000000 0.00000000 0.00000000 II-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-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 I-A-1 0.00000000 3366.~~53956278~~28772216 ~~648~~582.~~78487033~~49714817 0.~~64878487~~58249715 3366.~~53956278~~28772216 I-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-AI-O 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-CE 0.00000000 0.00000000 1,000.11442197 1.00011442 0.00000000 I-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-AR-1 0.00000000 3626.~~32220959~~90472444 ~~808~~781.~~15340612~~24868168 0.~~80815341~~78124868 3626.~~32220959~~90472444 II-AR-2 0.00000000 6754.~~02534221~~97292998 ~~747~~692.~~28018576~~30725577 0.~~74728019~~69230726 6754.~~02534221~~97292998 II-MR-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-MR-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-MR-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-CE 0.00000000 0.00000000 23,~~016~~813,~~973~~484.~~55400697~~66898955 ~~2016~~3813.~~97355401~~48466899 0.00000000 II-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-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 86,569,000.00 2.~~11250~~36063% 5956,~~068~~164,~~143~~657.8544 ~~110~~114,~~916~~169.8553 0.00 0.00 I-A-2 12,779,000.00 2.91000% 12,779,000.00 30,989.08 0.00 0.00 I-A-3 23,292,000.00 3.59000% 23,292,000.00 69,681.90 0.00 0.00 I-A-4 16,685,000.00 4.60000% 16,685,000.00 63,959.17 0.00 0.00 I-A-5 22,551,000.00 5.36000% 22,551,000.00 100,727.80 0.00 0.00 I-A-6 25,000,000.00 4.36000% 25,000,000.00 90,833.33 0.00 0.00 I-A-7 50,000,000.00 3.75000% 50,000,000.00 156,250.00 0.00 0.00 I-AI-O 0.00 4.50000% 25,000,000.00 93,750.00 0.00 0.00 I-M-1 6,000,000.00 4.87000% 6,000,000.00 24,350.00 0.00 0.00 I-M-2 4,375,000.00 5.32000% 4,375,000.00 19,395.83 0.00 0.00 I-M-3 1,875,000.00 6.07000% 1,875,000.00 9,484.38 0.00 0.00 I-CE 873,958.00 0.00000% 874,058.00 0.00 0.00 0.00 I-P 100.00 0.00000% 100.00 0.00 0.00 0.00 I-R 0.00 0.00000% 0.00 0.00 0.00 0.00 II-AR-1 95,986,000.00 2.~~20250~~45063% 8177,~~057~~571,~~836~~412.4584 ~~158~~163,~~693~~696.2322 0.00 0.00 II-AR-2 134,639,000.00 2.~~32250~~57063% ~~109~~100,~~637~~613,~~281~~056.9893 ~~226~~222,~~340~~716.0887 0.00 0.00 II-MR-1 8,625,000.00 2.~~53250~~78063% 8,625,000.00 1920,~~415~~651.8397 0.00 0.00 II-MR-2 5,875,000.00 3.~~18250~~43063% 5,875,000.00 1617,~~619~~355.7265 0.00 0.00 II-MR-3 4,875,000.00 34.~~93250~~18063% 4,875,000.00 17,~~040~~549.8394 0.00 0.00 II-CE 287.00 0.00000% ~~286~~578,871.5441 0.00 0.00 0.00 II-P 100.00 0.00000% 100.00 0.00 0.00 0.00 II-R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 500,000,445.00 1,~~208~~215,~~448~~561.0367 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 0.0001 0.00 ~~110~~114,~~916~~169.8553 0.00 5650,~~164~~426,~~657~~195.4462 I-A-2 0.00 0.00 30,989.07 0.00 12,779,000.00 I-A-3 0.00 0.00 69,681.90 0.00 23,292,000.00 I-A-4 0.00 0.00 63,959.1716 0.00 16,685,000.00 I-A-5 0.0001 0.00 100,727.8079 0.00 22,551,000.00 I-A-6 0.00 0.00 90,833.33 0.00 25,000,000.00 I-A-7 0.0001 0.00 156,~~250~~249.0099 0.00 50,000,000.00 I-AI-O 0.0001 0.00 93,~~750~~749.0099 0.00 25,000,000.00 I-M-1 0.00 0.00 24,350.00 0.00 6,000,000.00 I-M-2 0.00 0.00 19,395.83 0.00 4,375,000.00 I-M-3 0.00 0.00 9,484.37 0.00 1,875,000.00 I-CE 0.00 0.00 ~~385~~456,~~999~~499.1805 0.00 874,058.00 I-P 0.00 0.00 5060,~~147~~340.8877 0.00 100.00 I-R 0.00 0.00 0.00 0.00 0.00 II-AR-1 0.0100 0.00 ~~158~~163,~~693~~696.2221 0.00 7774,~~571~~988,~~412~~935.8496 II-AR-2 0.0100 0.00 ~~226~~222,~~340~~716.0686 0.00 ~~100~~93,~~613~~211,~~056~~556.9361 II-MR-1 0.00 0.00 1920,~~415~~651.8397 0.00 8,625,000.00 II-MR-2 0.00 0.00 1617,~~619~~355.7265 0.00 5,875,000.00 II-MR-3 0.00 0.00 17,~~040~~549.8394 0.00 4,875,000.00 II-CE 0.00 0.00 0.00 0.00 ~~578~~1,~~871~~094,470.4110 II-P 0.00 0.00 1512,~~405~~940.6200 0.00 100.00 II-R 0.00 0.00 0.00 0.00 0.00 Totals 0.0204 0.00 1,~~660~~745,~~000~~341.6641 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 86,569,000.00 2.~~11250~~36063% ~~682~~648.~~32443311~~78487033 1.~~28125368~~31882695 0.00000000 0.00000000 I-A-2 12,779,000.00 2.91000% 1000.00000000 2.42500039 0.00000000 0.00000000 I-A-3 23,292,000.00 3.59000% 1000.00000000 2.99166667 0.00000000 0.00000000 I-A-4 16,685,000.00 4.60000% 1000.00000000 3.83333353 0.00000000 0.00000000 I-A-5 22,551,000.00 5.36000% 1000.00000000 4.46666667 0.00000000 0.00000000 I-A-6 25,000,000.00 4.36000% 1000.00000000 3.63333320 0.00000000 0.00000000 I-A-7 50,000,000.00 3.75000% 1000.00000000 3.12500000 0.00000000 0.00000000 I-AI-O 0.00 4.50000% 800.00000000 3.00000000 0.00000000 0.00000000 I-M-1 6,000,000.00 4.87000% 1000.00000000 4.05833333 0.00000000 0.00000000 I-M-2 4,375,000.00 5.32000% 1000.00000000 4.43333257 0.00000000 0.00000000 I-M-3 1,875,000.00 6.07000% 1000.00000000 5.05833600 0.00000000 0.00000000 I-CE 873,958.00 0.00000% 1000.11442197 0.00000000 0.00000000 0.00000000 I-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 I-R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 II-AR-1 95,986,000.00 2.~~20250~~45063% ~~844~~808.~~47561571~~15340612 1.~~65329558~~70541767 0.00000000 0.00000000 II-AR-2 134,639,000.00 2.~~32250~~57063% ~~814~~747.~~30552797~~28018576 1.~~68108854~~65417799 0.00000000 0.00000000 II-MR-1 8,625,000.00 2.~~53250~~78063% 1000.00000000 2.~~25111072~~39443130 0.00000000 0.00000000 II-MR-2 5,875,000.00 3.~~18250~~43063% 1000.00000000 2.~~82888851~~95415319 0.00000000 0.00000000 II-MR-3 4,875,000.00 34.~~93250~~18063% 1000.00000000 3.~~49555487~~59998769 0.00000000 0.00000000 II-CE 287.00 0.00000% ~~998~~2016973.~~39721254~~55400697 0.00000000 0.00000000 0.00000000 II-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 II-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 I-A-1 0.~~00000000~~00000012 0.00000000 1.~~28125368~~31882695 0.00000000 ~~648~~582.~~78487033~~49714817 I-A-2 0.00000000 0.00000000 2.42499961 0.00000000 1000.00000000 I-A-3 0.00000000 0.00000000 2.99166667 0.00000000 1000.00000000 I-A-4 0.00000000 0.00000000 3.~~83333353~~83333293 0.00000000 1000.00000000 I-A-5 0.~~00000000~~00000044 0.00000000 4.~~46666667~~46666622 0.00000000 1000.00000000 I-A-6 0.00000000 0.00000000 3.63333320 0.00000000 1000.00000000 I-A-7 0.~~00000000~~00000020 0.00000000 3.~~12500000~~12499980 0.00000000 1000.00000000 I-AI-O 0.~~00000000~~00000032 0.00000000 32.~~00000000~~99999968 0.00000000 800.00000000 I-M-1 0.00000000 0.00000000 4.05833333 0.00000000 1000.00000000 I-M-2 0.00000000 0.00000000 4.43333257 0.00000000 1000.00000000 I-M-3 0.00000000 0.00000000 5.05833067 0.00000000 1000.00000000 I-CE 0.00000000 0.00000000 ~~441~~522.~~66788335~~33522664 0.00000000 1000.11442197 I-P 0.00000000 0.00000000 ~~501478~~603407.~~80000000~~70000000 0.00000000 1000.00000000 I-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-AR-1 0.~~00000010~~00000000 0.00000000 1.~~65329548~~70541756 0.00000000 ~~808~~781.~~15340612~~24868168 II-AR-2 0.~~00000007~~00000000 0.00000000 1.~~68108839~~65417791 0.00000000 ~~747~~692.~~28018576~~30725577 II-MR-1 0.00000000 0.00000000 2.~~25111072~~39443130 0.00000000 1000.00000000 II-MR-2 0.00000000 0.00000000 2.~~82888851~~95415319 0.00000000 1000.00000000 II-MR-3 0.00000000 0.00000000 3.~~49555487~~59998769 0.00000000 1000.00000000 II-CE 0.00000000 0.00000000 0.00000000 0.00000000 ~~2016973~~3813484.~~55400697~~66898955 II-P 0.00000000 0.00000000 ~~154056~~129400.~~20000000~~00000000 0.00000000 1000.00000000 II-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 17,~~183~~489,003.9477 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 8384,~~772~~213.3797 Realized Loss (Gains, Subsequent Expenses & Recoveries) ~~(91,187~~0.~~74)~~00 Prepayment Penalties 6573,~~553~~280.5077 Total Deposits 17,~~241~~646,~~142~~498.0751 Withdrawals Reimbursement for Servicer Advances 6883,~~815~~772.3437 Payment of Service Fee 9894,~~191~~945.0071 Payment of Interest and Principal 17,~~074~~467,~~135~~780.7343 Total Withdrawals (Pool Distribution Amount) 17,~~241~~646,~~142~~498.0751 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 9087,~~118~~027.7198 AMBAC, Class I-A-5 & I-A-6 3,566.3332 Credit Risk Manager 3,~~604~~481.7912 Master Servicing Fee ~~901~~870.1729 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 9894,~~191~~945.0071

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 1 0 0 1 75,~~456~~343.2905 0.00 0.00 75,~~456~~343.2905 30 Days 2022 0 0 0 2022 43,~~173~~755,~~153~~954.8179 0.00 0.00 0.00 43,~~173~~755,~~153~~954.8179 60 Days 1210 10 0 0 1310 21,~~651~~704,~~280~~065.4272 ~~137,627~~0.2000 0.00 0.00 21,~~788~~704,~~907~~065.6272 90 Days 2 01 25 0 48 ~~244~~329,~~200~~912.0056 0137,627.0020 ~~576~~1,~~882~~346,386.2945 0.00 ~~821~~1,~~082~~813,926.2921 120 Days 02 1 42 0 5 0244,200.00 103,~~239~~173.9884 ~~490~~576,~~729~~882.4929 0.00 ~~593~~924,~~969~~256.4713 150 Days 0 10 152 1 3 19 0.00 ~~265,623~~0.3000 3159,~~268,459~~509.6627 ~~336~~231,~~747~~803.6233 3391,~~870,830~~312.5860 180+ Days 0 2 56 012 75 025 457,136.0024 ~~246~~885,~~739~~062.4801 ~~525~~2,~~063~~391,274.0392 0589,159.0092 ~~771~~4,~~802~~322,633.5109 Totals 3438 69 2621 36 6974 76,~~068~~491,~~634~~269.2331 ~~828~~1,~~686~~201,206.2510 4,~~861~~474,~~134~~052.4793 ~~336~~820,~~747~~963.6225 1312,~~095~~987,~~202~~491.5759 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.~~048900~~050378% 0.000000% 0.000000% 0.~~048900~~050378% 0.~~018054~~018707% 0.000000% 0.000000% 0.~~018054~~018707% 30 Days 01.~~977995~~108312% 0.000000% 0.000000% 0.000000% 01.~~977995~~108312% 0.~~998466~~932579% 0.000000% 0.000000% 0.000000% 0.~~998466~~932579% 60 Days 0.~~586797~~503778% 0.~~048900~~000000% 0.000000% 0.000000% 0.~~635697~~503778% 0.~~634344~~423108% 0.~~032929~~000000% 0.000000% 0.000000% 0.~~667272~~423108% 90 Days 0.~~097800~~100756% 0.~~000000~~050378% 0.~~097800~~251889% 0.000000% 0.~~195599~~403023% 0.~~058427~~081915% 0.~~000000~~034172% 0.~~138025~~334299% 0.000000% 0.~~196452~~450386% 120 Days 0.~~000000~~100756% 0.~~048900~~050378% 0.~~195599~~100756% 0.000000% 0.~~244499~~251889% 0.~~000000~~060633% 0.~~024701~~025617% 0.~~117412~~143236% 0.000000% 0.~~142113~~229487% 150 Days 0.000000% 0.~~048900~~000000% 0.~~733496~~100756% 0.~~146699~~050378% 0.~~929095~~151134% 0.000000% 0.~~063553~~000000% 0.~~782010~~039605% 0.~~080570~~057555% 0.~~926133~~097160% 180+ Days 0.~~000000~~100756% 0.~~097800~~302267% 0.~~244499~~604534% 0.~~000000~~251889% 01.~~342298~~259446% 0.~~000000~~113504% 0.~~059035~~219755% 0.~~125626~~593738% 0.~~000000~~146284% 01.~~184661~~073281% Totals 1.~~662592~~914358% 0.~~293399~~453401% 1.~~271394~~057935% 0.~~146699~~302267% 3.~~374083~~727960% 1.~~691237~~611739% 0.~~198271~~298251% 1.~~163072~~110878% 0.~~080570~~203840% 3.~~133150~~224708%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I, Pool 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 1 0 0 1 75,~~456~~343.2905 0.00 0.00 75,~~456~~343.2905 30 Days 1419 0 0 0 1419 23,~~410~~032,~~353~~754.8179 0.00 0.00 0.00 23,~~410~~032,~~353~~754.8179 60 Days 128 10 0 0 138 21,~~651~~322,~~280~~065.4272 ~~137,627~~0.2000 0.00 0.00 21,~~788~~322,~~907~~065.6272 90 Days 02 01 25 0 28 0329,912.0056 0137,627.0020 ~~576~~1,~~882~~346,386.2945 0.00 ~~576~~1,~~882~~813,926.2921 120 Days 0 1 42 0 53 0.00 103,~~239~~173.9884 ~~490~~576,~~729~~882.4929 0.00 ~~593~~680,~~969~~056.4713 150 Days 0 10 15 2 181 3 0.00 ~~265,623~~0.3000 3159,~~268,459~~509.6627 ~~236~~231,~~997~~803.6233 3391,~~771,080~~312.5860 180 Days 0 2 56 012 74 024 457,136.0024 ~~246~~885,~~739~~062.4801 ~~525~~2,~~063~~391,274.0392 0489,409.0092 ~~771~~4,~~802~~222,883.5109 Totals 2631 69 2621 25 6066 5,~~061~~141,~~634~~869.2331 ~~828~~1,~~686~~201,206.2510 4,~~861~~474,~~134~~052.4793 ~~236~~721,~~997~~213.6225 1011,~~988~~538,~~452~~341.5759 0-29 Days 0.~~083542~~085616% 0.000000% 0.000000% 0.~~083542~~085616% 0.~~034328~~035196% 0.000000% 0.000000% 0.~~034328~~035196% 30 Days 1.~~169591~~626712% 0.000000% 0.000000% 0.000000% 1.~~169591~~626712% 1.~~096579~~416718% 0.000000% 0.000000% 0.000000% 1.~~096579~~416718% 60 Days 10.~~002506~~684932% 0.~~083542~~000000% 0.000000% 0.000000% 10.~~086048~~684932% 10.~~206187~~617588% 0.~~062613~~000000% 0.000000% 0.000000% 10.~~268800~~617588% 90 Days 0.~~000000~~171233% 0.~~000000~~085616% 0.~~167084~~428082% 0.000000% 0.~~167084~~684932% 0.~~000000~~154115% 0.~~000000~~064291% 0.~~262450~~628950% 0.000000% 0.~~262450~~847356% 120 Days 0.000000% 0.~~083542~~085616% 0.~~334169~~171233% 0.000000% 0.~~417711~~256849% 0.000000% 0.~~046969~~048197% 0.~~223255~~269484% 0.000000% 0.~~270224~~317681% 150 Days 0.000000% 0.~~083542~~000000% 10.~~253133~~171233% 0.~~167084~~085616% 10.~~503759~~256849% 0.000000% 0.~~120844~~000000% 10.~~486970~~074513% 0.~~107821~~108284% 10.~~715635~~182797% 180 Days 0.~~000000~~171233% 0.~~167084~~513699% 01.~~417711~~027397% 0.~~000000~~342466% 02.~~584795~~054795% 0.~~000000~~213546% 0.~~112253~~413447% 01.~~238875~~117058% 0.~~000000~~228622% 01.~~351128~~972673% Totals 2.~~172097~~654110% 0.~~501253~~770548% 21.~~172097~~797945% 0.~~167084~~428082% 5.~~012531~~650685% 2.~~302766~~401967% 0.~~377007~~561130% 2.~~211549~~090004% 0.~~107821~~336907% 45.~~999143~~390009% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II, Pool 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 42 0 0 0 42 ~~819~~443,~~800~~200.00 0.00 0.00 0.00 ~~819~~443,~~800~~200.00 60 Days 02 0 0 0 02 0382,000.00 0.00 0.00 0.00 0382,000.00 90 Days 20 0 0 0 20 ~~244,200~~0.00 0.00 0.00 0.00 ~~244,200~~0.00 120 Days 02 0 0 0 02 0244,200.00 0.00 0.00 0.00 0244,200.00 150 Days 0 0 0 10 10 0.00 0.00 0.00 ~~99,750~~0.00 ~~99,750~~0.00 180 Days 0 0 0 01 01 0.00 0.00 0.00 099,750.00 099,750.00 Totals 6 0 0 1 7 1,~~064~~069,~~000~~400.00 0.00 0.00 99,750.00 1,~~163~~169,~~750~~150.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~819672~~421941% 0.000000% 0.000000% 0.000000% 0.~~819672~~421941% 0.~~955453~~531718% 0.000000% 0.000000% 0.000000% 0.~~955453~~531718% 60 Days 0.~~000000~~421941% 0.000000% 0.000000% 0.000000% 0.~~000000~~421941% 0.~~000000~~458295% 0.000000% 0.000000% 0.000000% 0.~~000000~~458295% 90 Days 0.~~409836~~000000% 0.000000% 0.000000% 0.000000% 0.~~409836~~000000% 0.~~284608~~000000% 0.000000% 0.000000% 0.000000% 0.~~284608~~000000% 120 Days 0.~~000000~~421941% 0.000000% 0.000000% 0.000000% 0.~~000000~~421941% 0.~~000000~~292973% 0.000000% 0.000000% 0.000000% 0.~~000000~~292973% 150 Days 0.000000% 0.000000% 0.000000% 0.~~204918~~000000% 0.~~204918~~000000% 0.000000% 0.000000% 0.000000% 0.~~116256~~000000% 0.~~116256~~000000% 180 Days 0.000000% 0.000000% 0.000000% 0.~~000000~~210970% 0.~~000000~~210970% 0.000000% 0.000000% 0.000000% 0.~~000000~~119673% 0.~~000000~~119673% Totals 1.~~229508~~265823% 0.000000% 0.000000% 0.~~204918~~210970% 1.~~434426~~476793% 1.~~240060~~282985% 0.000000% 0.000000% 0.~~116256~~119673% 1.~~356316~~402658% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II, Pool 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 21 0 0 0 21 ~~943~~280,000.00 0.00 0.00 0.00 ~~943~~280,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 21 0 0 0 21 ~~943~~280,000.00 0.00 0.00 0.00 ~~943~~280,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~555556~~291545% 0.000000% 0.000000% 0.000000% 0.~~555556~~291545% 0.~~839361~~265837% 0.000000% 0.000000% 0.000000% 0.~~839361~~265837% 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.~~555556~~291545% 0.000000% 0.000000% 0.000000% 0.~~555556~~291545% 0.~~839361~~265837% 0.000000% 0.000000% 0.000000% 0.~~839361~~265837%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8384,~~772~~213.3797

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~578332~~581566% Weighted Average Net Coupon 6.~~328332~~331566% Weighted Average Pass-Through Rate 6.~~291108~~294602% Weighted Average Maturity(Stepdown Calculation ) ~~347~~346 Beginning Scheduled Collateral Loan Count 2,~~099~~045 Number Of Loans Paid In Full 5460 Ending Scheduled Collateral Loan Count 21,~~045~~985 Beginning Scheduled Collateral Balance ~~432~~417,~~569~~734,~~806~~256.8262 Ending Scheduled Collateral Balance ~~417~~402,~~734~~527,~~256~~416.6229 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~417~~402,~~956~~749,~~421~~426.3058 Monthly P &I Constant 2,~~581~~499,~~007~~163.5049 Special Servicing Fee 0.00 Prepayment Penalties 6573,~~553~~280.5077 Realized Loss Amount ~~91,187~~0.7400 Cumulative Realized Loss 91,187.74 Ending Scheduled Balance for Premium Loans ~~417~~402,~~734~~527,~~256~~416.6229 Scheduled Principal ~~209~~208,~~684~~042.4302 Unscheduled Principal 14,~~625~~998,~~865~~798.7731

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~578332~~581566% Weighted Average Net Rate 6.~~328332~~331566% Weighted Average Pass Through Rate 6.~~291108~~294602% Weighted Average Maturity ~~347~~346 Record Date 1011/3130/2004 Principal and Interest Constant 2,~~581~~499,~~007~~163.5049 Beginning Loan Count 2,~~099~~045 Loans Paid in Full 5460 Ending Loan Count 21,~~045~~985 Beginning Scheduled Balance ~~432~~417,~~569~~734,~~806~~256.8262 Ending Scheduled Balance ~~417~~402,~~734~~527,~~256~~416.6229 Ending Actual Balance at 3130-~~Oct~~Nov-2004 ~~417~~402,~~956~~749,~~421~~426.3058 Scheduled Principal ~~209~~208,~~684~~042.4302 Unscheduled Principal 14,~~625~~998,~~865~~798.7731 Scheduled Interest 2,~~371~~291,~~323~~121.0747 Servicing Fee 9087,~~118~~027.7198 Master Servicing Fee ~~901~~870.1729 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 1211,~~517~~997.0750 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,~~267~~191,~~786~~225.1270 Realized Loss Amount ~~91,187~~0.7400 Cumulative Realized Loss 91,187.74 Percentage of Cumulative Losses 0.0182 Special Servicing Fee 0.00 Prepayment Penalties 6573,~~553~~280.5077

Miscellaneous Reporting Credit Enhancement Percentage Group I 56.~~976461~~136828% Credit Enhancement Percentage Group II 910.~~778661~~576067% Overcollateralization Amount Group I 874,058.00 Overcollateralization Amount Group II ~~578~~1,~~871~~094,470.4110 Req Overcollateralization Amnt Group I 874,058.00 Req Overcollateralization Amnt Group II 1,500,002.32

Group Level Collateral Statement Group Group I, Pool 1 Group II, Pool 1 Group II, Pool 2 Collateral Description Mixed Fixed Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~058048~~050459 6.~~064584~~059860 6.~~074396~~063450 Weighted Average Net Rate 6.~~808048~~800459 5.~~814584~~809860 5.~~824396~~813450 Weighted Average Maturity ~~341~~340 ~~353~~ 352 351 Beginning Loan Count 1,~~212~~197 ~~506~~488 ~~381~~360 Loans Paid In Full 1529 1814 2117 Ending Loan Count 1,~~197~~168 ~~488~~474 ~~360~~343 Beginning Scheduled Balance ~~222~~219,~~499~~595,~~301~~815.8544 8985,~~122~~797,~~273~~087.4685 ~~120~~112,~~948~~341,~~231~~353.5133 Ending scheduled Balance ~~219~~213,~~595~~857,~~815~~353.4462 8583,~~797~~347,~~087~~976.8583 ~~112~~105,~~341~~322,~~353~~085.3384 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 1,~~503~~484,~~804~~645.5617 ~~456~~439,~~635~~024.3111 ~~620~~575,~~567~~494.6321 Scheduled Principal ~~195~~194,~~128~~435.9882 65,~~227~~758.3585 87,~~328~~847.1035 Unscheduled Principal 25,~~708~~544,~~357~~026.4300 32,~~318~~443,~~958~~352.2617 87,~~598~~011,~~550~~420.0814 Scheduled Interest 1,~~308~~290,~~675~~209.5835 ~~450~~433,~~407~~265.9626 ~~612~~567,~~239~~646.5386 Servicing Fees 4645,~~354~~749.0112 1817,~~567~~874.1440 2523,~~197~~404.5646 Master Servicing Fees ~~463~~457.5247 ~~185~~178.6877 ~~251~~234.9705 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 10,~~766~~346.4735 ~~742~~714.7098 ~~1,007~~936.9017 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,~~251~~233,~~091~~656.5841 ~~430~~414,~~912~~497.4411 ~~585~~543,~~782~~072.1018 Realized Loss Amount ~~91,187~~0.7400 0.00 0.00 Cumulative Realized Loss 91,187.74 0.00 0.00 Percentage of Cumulative Losses 0.0365 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.~~747481~~741420 5.~~802084~~797360 5.~~811896~~800950

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~578332~~581566 Weighted Average Net Rate 6.~~328332~~331566 Weighted Average Maturity ~~347~~346 Beginning Loan Count 2,~~099~~045 Loans Paid In Full 5460 Ending Loan Count 21,~~045~~985 Beginning Scheduled Balance ~~432~~417,~~569~~734,~~806~~256.8262 Ending scheduled Balance ~~417~~402,~~734~~527,~~256~~416.6229 Record Date 1011/3130/2004 Principal And Interest Constant 2,~~581~~499,~~007~~163.5049 Scheduled Principal ~~209~~208,~~684~~042.4302 Unscheduled Principal 14,~~625~~998,~~865~~798.7731 Scheduled Interest 2,~~371~~291,~~323~~121.0747 Servicing Fees 9087,~~118~~027.7198 Master Servicing Fees ~~901~~870.1729 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 1211,~~517~~997.0750 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,~~267~~191,~~786~~225.1270 Realized Loss Amount ~~91,187~~0.7400 Cumulative Realized Loss 91,187.74 Percentage of Cumulative Losses 0.0182 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.~~291108~~294602

Filing Compare · DEUTSCHE MORTGAGE LOAN TRUST SERIES 2004-3