8-K 1 prm04cl2_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 PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2004-CL2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-19 54-2147384 Pooling and Servicing Agreement) (Commission 54-2147385 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2004 a distribution was made to holders of PRIME MORTGAGE TRUST, Mortgage Pass-Through Certificates, Series 2004-CL2 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-CL2 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. PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2004-CL2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-CL2 Trust, relating to the December 27, 2004 distribution. EX-99.1

Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~PRM~~Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Series: 2004-CL2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 74160MED0 SEN 6.~~89536~~89449% ~~133~~127,~~522~~259,~~541~~918.7725 ~~766~~731,~~987~~159.5084 65,~~262~~733,~~623~~440.5267 XB 74160MEG3 SEN 1.~~64536~~64449% 0.00 5,~~622~~596.9318 0.00 B-1 74160MEH1 SUB 5.25000% 3,~~402~~386,~~228~~724.5044 14,~~879~~816.8992 15,~~504~~660.05 B-2 74160MEJ7 SUB 5.25000% ~~300~~298,~~025~~658.2906 1,~~312~~306.1863 1,~~367~~380.2298 B-3 74160MEK4 SUB 5.25000% ~~400~~398,~~033~~210.7275 1,~~749~~742.5817 1,~~822~~841.9731 B-4 74160MEL2 SUB 6.~~89536~~89449% ~~200~~199,~~016~~105.8638 1,~~148~~143.9594 ~~911~~920.4865 B-5 74160MEM0 SUB 6.~~89536~~89449% ~~100~~99,~~008~~552.4369 ~~574~~571.4797 ~~455~~460.7433 B-6 74160MEN8 SUB 6.~~89536~~89449% 200,~~934~~019.8013 1,~~154~~149.2219 ~~915~~924.6788 R-I 74160MEE8 SEN 6.~~90853~~89449% 0.00 0.00 0.00 R-II 74160MEF5 SEN 6.~~90853~~89449% 0.00 0.00 0.00 Totals ~~138~~131,~~125~~842,~~789~~188.3770 ~~793~~757,~~429~~486.7284 65,~~283~~754,~~600~~628.6587

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~127~~121,~~259~~526,~~918~~477.2559 76,~~029~~464,~~611~~600.0251 0.00 XB 0.00 0.00 5,~~622~~596.9318 0.00 B-1 0.00 3,~~386~~371,~~724~~064.4439 30,~~383~~476.9497 0.00 B-2 0.00 ~~298~~297,~~658~~277.0608 2,~~679~~687.4061 0.00 B-3 0.00 ~~398~~396,~~210~~369.7544 3,~~572~~583.5548 0.00 B-4 0.00 ~~199~~198,~~105~~184.3872 2,~~060~~064.4359 0.00 B-5 0.00 99,~~552~~092.6936 1,~~030~~032.2130 0.00 B-6 0.00 ~~200~~199,~~019~~094.1326 2,~~069~~074.8907 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 ~~131~~126,~~842~~087,~~188~~559.7084 76,~~077~~512,~~030~~115.3771 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 201,356,000.00 ~~133~~127,~~522~~259,~~541~~918.7725 ~~608~~588,~~466~~443.0569 5,~~654~~144,~~157~~996.4798 0.00 0.00 B-1 3,504,000.00 3,~~402~~386,~~228~~724.5044 15,~~504~~660.05 0.00 0.00 0.00 B-2 309,000.00 ~~300~~298,~~025~~658.2906 1,~~367~~380.2298 0.00 0.00 0.00 B-3 412,000.00 ~~400~~398,~~033~~210.7275 1,~~822~~841.9731 0.00 0.00 0.00 B-4 206,000.00 ~~200~~199,~~016~~105.8638 ~~911~~920.4865 0.00 0.00 0.00 B-5 103,000.00 ~~100~~99,~~008~~552.4369 ~~455~~460.7433 0.00 0.00 0.00 B-6 206,945.55 200,~~934~~019.8013 ~~915~~924.6788 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 Totals 206,097,045.55 ~~138~~131,~~125~~842,~~789~~188.3770 ~~629~~609,~~443~~631.1889 5,~~654~~144,~~157~~996.4798 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 65,~~262~~733,~~623~~440.5267 ~~127~~121,~~259~~526,~~918~~477.2559 0.~~63201453~~60354038 65,~~262~~733,~~623~~440.5267 B-1 15,~~504~~660.05 3,~~386~~371,~~724~~064.4439 0.~~96653095~~96206176 15,~~504~~660.05 B-2 1,~~367~~380.2298 ~~298~~297,~~658~~277.0608 0.~~96653094~~96206175 1,~~367~~380.2298 B-3 1,~~822~~841.9731 ~~398~~396,~~210~~369.7544 0.~~96653095~~96206175 1,~~822~~841.9731 B-4 ~~911~~920.4865 ~~199~~198,~~105~~184.3872 0.~~96653097~~96206175 ~~911~~920.4865 B-5 ~~455~~460.7433 99,~~552~~092.6936 0.~~96653097~~96206175 ~~455~~460.7433 B-6 ~~915~~924.6788 ~~200~~199,~~019~~094.1326 0.~~96653023~~96206108 ~~915~~924.6788 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 65,~~283~~754,~~600~~628.6587 ~~131~~126,~~842~~087,~~188~~559.7084 0.~~63970926~~61178732 65,~~283~~754,~~600~~628.6587

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 201,356,000.00 ~~663~~632.~~11677710~~01453272 32.~~02184216~~92240455 2825.~~08040222~~55174408 0.00000000 XB 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,504,000.00 ~~970~~966.~~95562215~~53094749 4.~~42467180~~46919235 0.00000000 0.00000000 B-2 309,000.00 ~~970~~966.~~95563107~~53093851 4.~~42466019~~46919094 0.00000000 0.00000000 B-3 412,000.00 ~~970~~966.~~95563107~~53094660 4.~~42468447~~46919903 0.00000000 0.00000000 B-4 206,000.00 ~~970~~966.~~95563107~~53097087 4.~~42466019~~46917476 0.00000000 0.00000000 B-5 103,000.00 ~~970~~966.~~95563107~~53097087 4.~~42466019~~46922330 0.00000000 0.00000000 B-6 206,945.55 ~~970~~966.~~95492027~~53022981 4.~~42469046~~46919492 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 3128.~~10224438~~47414862 ~~632~~603.~~01453272~~54038415 0.~~63201453~~60354038 3128.~~10224438~~47414862 XB 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 4.~~42467180~~46919235 ~~966~~962.~~53094749~~06175514 0.~~96653095~~96206176 4.~~42467180~~46919235 B-2 0.00000000 4.~~42466019~~46919094 ~~966~~962.~~53093851~~06174757 0.~~96653094~~96206175 4.~~42466019~~46919094 B-3 0.00000000 4.~~42468447~~46919903 ~~966~~962.~~53094660~~06174757 0.~~96653095~~96206175 4.~~42468447~~46919903 B-4 0.00000000 4.~~42466019~~46917476 ~~966~~962.~~53097087~~06174757 0.~~96653097~~96206175 4.~~42466019~~46917476 B-5 0.00000000 4.~~42466019~~46922330 ~~966~~962.~~53097087~~06174757 0.~~96653097~~96206175 4.~~42466019~~46922330 B-6 0.00000000 4.~~42469046~~46919492 ~~966~~962.~~53022981~~06108322 0.~~96653023~~96206108 4.~~42469046~~46919492 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 201,356,000.00 6.~~89536~~89449% ~~133~~127,~~522~~259,~~541~~918.7725 ~~767~~731,~~237~~159.8483 0.00 0.00 XB 0.00 1.~~64536~~64449% 4,~~102~~083,~~287~~593.5026 5,~~624~~596.7718 0.00 0.00 B-1 3,504,000.00 5.25000% 3,~~402~~386,~~228~~724.5044 14,~~884~~816.7592 0.00 0.00 B-2 309,000.00 5.25000% ~~300~~298,~~025~~658.2906 1,~~312~~306.6163 0.00 0.00 B-3 412,000.00 5.25000% ~~400~~398,~~033~~210.7275 1,~~750~~742.1517 0.00 0.00 B-4 206,000.00 6.~~89536~~89449% ~~200~~199,~~016~~105.8638 1,~~149~~143.3294 0.00 0.00 B-5 103,000.00 6.~~89536~~89449% ~~100~~99,~~008~~552.4369 ~~574~~571.6697 0.00 0.00 B-6 206,945.55 6.~~89536~~89449% 200,~~934~~019.8013 1,~~154~~149.6019 0.00 0.00 R-I 50.00 6.~~90853~~89449% 0.00 0.00 0.00 0.00 R-II 50.00 6.~~90853~~89449% 0.00 0.00 0.00 0.00 Totals 206,097,045.55 ~~793~~757,~~688~~486.7083 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A ~~250~~(0.3401) 0.00 ~~766~~731,~~987~~159.5084 0.00 ~~127~~121,~~259~~526,~~918~~477.2559 XB 10.8400 0.00 5,~~622~~596.9318 0.00 4,~~083~~064,~~593~~710.2692 B-1 40.8600 0.00 14,~~879~~816.8992 0.00 3,~~386~~371,~~724~~064.4439 B-2 0.4300 0.00 1,~~312~~306.1863 0.00 ~~298~~297,~~658~~277.0608 B-3 0.5700 0.00 1,~~749~~742.5817 0.00 ~~398~~396,~~210~~369.7544 B-4 0.3800 0.00 1,~~148~~143.9594 0.00 ~~199~~198,~~105~~184.3872 B-5 0.1900 0.00 ~~574~~571.4797 0.00 99,~~552~~092.6936 B-6 0.3800 0.00 1,~~154~~149.2219 0.00 ~~200~~199,~~019~~094.1326 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals ~~258~~(0.9901) 0.00 ~~793~~757,~~429~~486.7284 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 201,356,000.00 6.~~89536~~89449% ~~663~~632.~~11677710~~01453272 3.~~81035499~~63117975 0.00000000 0.00000000 XB 0.00 1.~~64536~~64449% ~~970~~966.~~95562130~~53094911 1.~~33130651~~32453964 0.00000000 0.00000000 B-1 3,504,000.00 5.25000% ~~970~~966.~~95562215~~53094749 4.~~24793094~~22857306 0.00000000 0.00000000 B-2 309,000.00 5.25000% ~~970~~966.~~95563107~~53093851 4.~~24792880~~22857605 0.00000000 0.00000000 B-3 412,000.00 5.25000% ~~970~~966.~~95563107~~53094660 4.~~24793689~~22856796 0.00000000 0.00000000 B-4 206,000.00 6.~~89536~~89449% ~~970~~966.~~95563107~~53097087 5.~~57922330~~55310680 0.00000000 0.00000000 B-5 103,000.00 6.~~89536~~89449% ~~970~~966.~~95563107~~53097087 5.~~57922330~~55310680 0.00000000 0.00000000 B-6 206,945.55 6.~~89536~~89449% ~~970~~966.~~95492027~~53022981 5.~~57924536~~55310322 0.00000000 0.00000000 R-I 50.00 6.~~90853~~89449% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.~~90853~~89449% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A (0.~~00124327~~00000005) 0.00000000 3.~~80911172~~63117980 0.00000000 ~~632~~603.~~01453272~~54038415 XB 0.~~00043550~~00000000 0.00000000 1.~~33087101~~32453964 0.00000000 ~~966~~962.~~53094911~~06175621 B-1 0.~~00138699~~00000000 0.00000000 4.~~24654395~~22857306 0.00000000 ~~966~~962.~~53094749~~06175514 B-2 0.~~00139159~~00000000 0.00000000 4.~~24653722~~22857605 0.00000000 ~~966~~962.~~53093851~~06174757 B-3 0.~~00138350~~00000000 0.00000000 4.~~24655340~~22856796 0.00000000 ~~966~~962.~~53094660~~06174757 B-4 0.~~00184466~~00000000 0.00000000 5.~~57742718~~55310680 0.00000000 ~~966~~962.~~53097087~~06174757 B-5 0.~~00184466~~00000000 0.00000000 5.~~57737864~~55310680 0.00000000 ~~966~~962.~~53097087~~06174757 B-6 0.~~00183623~~00000000 0.00000000 5.~~57740913~~55310322 0.00000000 ~~966~~962.~~53022981~~06108322 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 76,~~105~~577,~~608~~757.5080 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 9764,~~850~~936.1455 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 76,~~203~~642,~~458~~694.6435 Withdrawals Reimbursement for Servicer Advances 9297,~~151~~850.2314 Payment of Service Fee 3432,~~277~~728.0450 Payment of Interest and Principal 76,~~077~~512,~~030~~115.3771 Total Withdrawals (Pool Distribution Amount) 76,~~203~~642,~~458~~694.6435 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~258~~0.9700 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~258~~0.9700

SERVICING FEES Gross Servicing Fee 3130,~~959~~525.3331 Master Servicing Fee 1,~~726~~648.5803 Miscellaneous Fee ~~591~~555.1316 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 3432,~~277~~728.0450

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 65 0 0 65 1922,~~145,508~~373.9010 0.00 0.00 1922,~~145,508~~373.9010 30 Days 2416 10 0 0 2516 52,~~193~~931,~~078~~617.3627 ~~116,513~~0.4100 0.00 0.00 52,~~309~~931,~~591~~617.7727 60 Days 1410 10 0 0 1510 31,~~034~~612,~~707~~910.8997 ~~56,813~~0.8300 0.00 0.00 31,~~091~~612,~~521~~910.7297 90 Days 54 0 0 0 54 1,~~228~~307,~~180~~212.2838 0.00 0.00 0.00 1,~~228~~307,~~180~~212.2838 120 Days 0 0 1 0 0 1 0.00 ~~273,182.56~~ 0.00 153,705.99 0.00 ~~273~~153,~~182~~705.5699 150 Days 0 1 0 0 0 1 ~~231,246.74~~ 0.00 273,182.56 0.00 0.00 ~~231~~273,~~246~~182.7456 180+ Days 2 1 32 0 65 ~~189~~344,~~864~~906.2441 118,~~984~~840.2057 ~~984~~442,~~709~~366.5843 0.00 1906,~~293,558~~113.0241 Totals 4632 107 3 0 5942 96,~~877~~196,~~077~~647.5103 1,~~711~~314,~~002~~396.9023 ~~984~~596,~~709~~072.5842 0.00 128,~~572~~107,~~789~~115.9968 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 10.~~047120~~899281% 0.000000% 0.000000% 10.~~047120~~899281% 0.~~866202~~729314% 0.000000% 0.000000% 0.~~866202~~729314% 30 Days 42.~~188482~~877698% 0.~~174520~~000000% 0.000000% 0.000000% 42.~~363002~~877698% 32.~~926863~~318010% 0.~~088104~~000000% 0.000000% 0.000000% 42.~~014968~~318010% 60 Days 21.~~443281~~798561% 0.~~174520~~000000% 0.000000% 0.000000% 21.~~617801~~798561% 21.~~294763~~275318% 0.~~042961~~000000% 0.000000% 0.000000% 21.~~337724~~275318% 90 Days 0.~~872600~~719424% 0.000000% 0.000000% 0.000000% 0.~~872600~~719424% 01.~~928716~~033604% 0.000000% 0.000000% 0.000000% 01.~~928716~~033604% 120 Days 0.000000% 0.~~174520~~000000% 0.~~000000~~179856% 0.000000% 0.~~174520~~179856% 0.000000% 0.~~206573~~000000% 0.~~000000~~121534% 0.000000% 0.~~206573~~121534% 150 Days 0.~~174520~~000000% 0.~~000000~~179856% 0.000000% 0.000000% 0.~~174520~~179856% 0.~~174862~~000000% 0.~~000000~~216004% 0.000000% 0.000000% 0.~~174862~~216004% 180+ Days 0.~~349040~~359712% 0.~~174520~~179856% 0.~~523560~~359712% 0.000000% 10.~~047120~~899281% 0.~~143570~~272715% 0.~~089973~~093966% 0.~~744610~~349776% 0.000000% 0.~~978153~~716458% Totals 85.~~027923~~755396% 1.~~745201~~258993% 0.~~523560~~539568% 0.000000% 107.~~296684~~553957% 74.~~468775~~899648% 1.~~293813~~039284% 0.~~744610~~471310% 0.000000% 96.~~507199~~410242%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 9764,~~850~~936.1455

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 4,741,045.55 2.30039472% 4,~~582~~561,~~270~~082.4525 3.~~47557219~~61739275% 96.~~524428~~382607% 0.000000% Class B-1 1,237,045.55 0.60022479% 1,~~195~~190,~~546~~017.0186 0.~~90680079~~94380275% 2.~~568771~~673590% 73.909309% Class B-2 928,045.55 0.45029542% ~~896~~892,~~887~~740.9578 0.~~68027386~~70803240% 0.~~226527~~235770% 6.517687% Class B-3 516,045.55 0.25038959% ~~498~~496,~~677~~371.2034 0.~~37823796~~39367194% 0.~~302036~~314360% 8.690250% Class B-4 310,045.55 0.15043668% ~~299~~298,~~571~~186.8262 0.~~22722000~~23649170% 0.~~151018~~157180% 4.345125% Class B-5 207,045.55 0.10046022% ~~200~~199,~~019~~094.1326 0.~~15171102~~15790159% 0.~~075509~~078590% 2.~~172563~~172562% Class B-6 100.00 0.00004852% 0.00 0.00000000% 0.~~151711~~157902% 4.365066% Class R-I 50.00 0.00002426% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.04852083% 100,000.00 0.~~07584826~~07930997% Fraud 2,060,970.00 0.99999978% 2,060,970.00 1.~~56320979~~63455459% Special Hazard 2,060,970.00 0.99999978% 2,060,970.00 1.~~56320979~~63455459% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 7.~~193145~~192375% Weighted Average Net Coupon 6.~~915491~~914540% Weighted Average Pass-Through Rate 6.~~895356~~894487% Weighted Average Maturity (Stepdown Calculation) ~~234~~233 Beginning Scheduled Collateral Loan Count ~~597~~573 Number Of Loans Paid In Full 2417 Ending Scheduled Collateral Loan Count ~~573~~556 Beginning Scheduled Collateral Balance ~~138~~131,~~125~~842,~~789~~188.3671 Ending Scheduled Collateral Balance ~~131~~126,~~842~~087,~~188~~559.7185 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~132~~126,~~244~~471,~~942~~280.3848 Monthly P &I Constant 1,~~457~~399,~~408~~847.9122 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 76,~~035~~470,~~486~~196.1368 Ending Scheduled Balance for Premium Loans ~~131~~126,~~842~~087,~~188~~559.7185 Scheduled Principal ~~629~~609,~~443~~631.1888 Unscheduled Principal 5,~~654~~144,~~157~~996.4798

Miscellaneous Reporting Average Loss Severity Percentage 0.000000% Senior Percentage 96.~~667351~~524428% Senior Prepayment Percentage 100.000000% Subordinate Percentage 3.~~332649~~475572% Subordinate Prepayment Percentage 0.000000%

Filing Compare · STRUCTURED ASSET MORT PRIME MORT TR PAS THR CER SER 2004 CL2