8-K 1 bst04002_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 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-21 Pooling and Servicing Agreement) (Commission 54-2150466 (State or other File Number) 54-2150467 jurisdiction 54-2150468 of Incorporation) 54-2150469 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 BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2004-2 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 2004-2 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. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2004-2 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: 12/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the December 27, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~BST~~Bear Stearns ARM Trust Mortgage Pass-Through Certificates Series: 2004-2 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-1-A 07384ML83 SEN 4.~~13149~~10948% 3836,~~095~~214,~~871~~832.5508 ~~131~~123,~~046~~868.8238 12,~~881~~860,~~039~~894.4760 I-2-A-1 07384ML91 SEN 3.~~92295~~92013% 4038,~~246~~852,~~805~~441.4533 ~~131~~126,~~457~~766.8882 12,~~394~~370,~~364~~390.1246 I-2-A-2 07384MM25 SEN 4.~~50395~~50113% 6462,~~394~~163,~~888~~906.7213 ~~241~~232,~~483~~887.4677 23,~~230~~792,~~982~~624.6073 I-2-A-3 07384MM33 SEN 3.~~79995~~79713% 3938,~~879~~497,~~033~~410.4288 ~~126~~121,~~172~~667.5728 12,~~381~~348,~~622~~730.5402 I-2-X 07384MM41 SEN 0.62300% 0.00 7472,~~965~~342.3626 0.00 I-3-A 07384MM58 SEN 4.81488% 32,~~692~~673,~~410~~709.0810 ~~131~~130,~~061~~939.4364 18722,~~700~~892.9888 I-4-A 07384MM66 SEN 5.~~25328~~25106% 8483,~~751~~784,~~271~~931.6812 ~~370~~366,~~697~~184.0930 ~~966~~1,~~340~~635,483.5605 I-4-A-M 07384MM74 SEN 5.~~25328~~25106% 18,691,000.00 81,~~753~~689.3452 0.00 II-1-A 07384MM82 SEN 3.~~81562~~80520% 5251,~~380~~361,~~683~~633.8003 ~~166~~162,~~409~~668.5731 142,~~019,050~~288.7723 II-1-X 07384MM90 SEN 0.14018% 0.00 65,~~113~~992.6455 0.00 II-2-A 07384MN32 SEN 4.~~51407~~50819% 8280,~~476~~288,~~140~~539.6548 ~~309~~301,~~983~~260.8298 21,~~187~~789,~~601~~292.1781 II-2-X 07384MN40 SEN 0.22266% 0.00 1514,~~290~~879.1931 0.00 II-3-A 07384MN57 SEN 4.~~72755~~72756% 15,~~923~~912,~~966~~254.2364 62,~~680~~611.1674 111,~~711~~406,988.5981 II-4-A 07384MN65 SEN 5.~~38782~~38231% 3735,~~390~~898,~~072~~427.2995 ~~167~~160,~~730~~816.4263 1487,~~491,644~~205.3426 I-B-1 07384MP30 SUB 4.~~85415~~84955% 5,~~843~~840,~~351~~112.4076 23,~~616~~572.6074 3,~~238~~245.6435 I-B-2 07384MP48 SUB 4.~~85415~~84955% 4,~~089~~087,~~957~~690.4663 16,~~530~~499.0535 2,~~266~~271.8353 I-B-3 07384MP55 SUB 4.~~85415~~84955% 2,~~337~~336,~~460~~164.1058 9,~~447~~429.1258 1,~~295~~298.5221 I-B-4 07384MP97 SUB 4.~~85415~~84955% 1,~~947~~946,~~551~~471.3594 7,~~871~~856.2664 1,~~079~~081.4265 I-B-5 07384MQ21 SUB 4.~~85415~~84955% 973,~~875~~335.3053 3,~~936~~928.0372 ~~539~~540.7688 I-B-6 07384MQ39 SUB 4.~~85415~~84955% ~~779~~778,~~301~~869.4755 3,~~149~~143.6479 ~~431~~432.9282 II-B-1 07384MP63 SUB 4.~~65397~~64736% 2,~~729~~728,~~647~~120.6132 10,~~577~~552.2554 1,527.2953 II-B-2 07384MP71 SUB 4.~~65397~~64736% 2,~~017~~016,~~847~~718.1614 7,~~819~~800.0679 1,129.0320 II-B-3 07384MP89 SUB 4.~~65397~~64736% 1,~~424~~423,~~198~~401.6275 5,~~518~~505.7081 796.8799 II-B-4 07384MQ47 SUB 4.~~65397~~64736% ~~712~~711,~~198~~800.9344 2,~~759~~753.7429 398.4955 II-B-5 07384MQ54 SUB 4.~~65397~~64736% 474,~~699~~434.6706 1,~~839~~835.4414 265.6064 II-B-6 07384MQ62 SUB 4.~~65397~~64736% 356,~~279~~080.7844 1,~~380~~377.5734 199.3538 R-I 07384MN73 RES 0.00000% 0.00 0.00 0.00 R-II 07384MN81 RES 0.00000% 0.00 0.00 0.00 R-III 07384MN99 RES 0.00000% 0.00 0.00 0.00 R-IV 07384MP22 RES 0.00000% 0.00 7.3812 0.00 Totals ~~530~~518,~~608~~012,~~512~~285.7288 2,~~111~~058,~~298~~838.5934 1217,~~596~~469,~~226~~978.8658

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-1-A 0.00 3633,~~214~~353,~~832~~937.0848 2,~~012~~984,~~086~~762.2998 0.00 I-2-A-1 0.00 3836,~~852~~482,~~441~~050.3387 12,~~525~~497,~~822~~157.0028 0.00 I-2-A-2 0.00 6258,~~163~~371,~~906~~281.1339 24,~~472~~025,~~466~~512.0650 0.00 I-2-A-3 0.00 3836,~~497~~148,~~410~~680.8886 12,~~507~~470,~~795~~397.1130 0.00 I-2-X 0.00 0.00 7472,~~965~~342.3626 0.00 I-3-A 0.00 3231,~~673~~950,~~709~~816.1021 ~~149~~853,~~762~~832.4152 0.00 I-4-A 0.00 8382,~~784~~149,~~931~~448.1206 12,~~337~~001,~~037~~667.6535 0.00 I-4-A-M 0.00 18,691,000.00 81,~~753~~689.3452 0.00 II-1-A 0.00 51,~~361~~319,~~633~~344.0380 1204,~~185,460~~956.3454 0.00 II-1-X 0.00 0.00 65,~~113~~992.6455 0.00 II-2-A 0.00 8078,~~288~~499,~~539~~246.4867 2,~~497~~090,~~584~~553.9979 0.00 II-2-X 0.00 0.00 1514,~~290~~879.1931 0.00 II-3-A 0.00 1514,~~912~~505,~~254~~265.6483 741,~~391~~469,600.7555 0.00 II-4-A 0.00 35,~~898~~411,~~427~~222.9569 1648,~~659,374~~021.7689 0.00 I-B-1 0.00 5,~~840~~836,~~112~~867.7641 26,~~855~~818.2409 0.00 I-B-2 0.00 4,~~087~~085,~~690~~419.6310 18,~~796~~770.88 0.00 I-B-3 0.00 2,~~336~~334,~~164~~866.5837 10,~~742~~727.6479 0.00 I-B-4 0.00 1,~~946~~945,~~471~~390.9428 8,~~950~~938.6829 0.00 I-B-5 0.00 ~~973~~972,~~335~~794.5365 4,~~475~~469.7960 0.00 I-B-6 0.00 778,~~869~~436.5573 3,~~581~~576.5661 0.00 II-B-1 0.00 2,~~728~~726,~~120~~592.3279 12,~~104~~080.5407 0.00 II-B-2 0.00 2,~~016~~015,~~718~~588.1494 8,~~948~~929.0999 0.00 II-B-3 0.00 1,~~423~~422,~~401~~604.7576 6,~~315~~302.5780 0.00 II-B-4 0.00 711,~~800~~401.4489 3,~~158~~151.2384 0.00 II-B-5 0.00 474,~~434~~168.0642 2,~~105~~100.0478 0.00 II-B-6 0.00 ~~356~~355,~~080~~881.4406 1,~~579~~576.9272 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 7.3812 0.00 Totals 0.00 ~~518~~500,~~012~~542,~~285~~307.8826 1419,~~707~~528,~~525~~816.4592 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-1-A 43,882,900.00 3836,~~095~~214,~~871~~832.5508 21,~~810~~423.3477 12,~~859~~839,~~229~~470.1383 0.00 0.00 I-2-A-1 48,829,500.00 4038,~~246~~852,~~805~~441.4533 2322,~~582~~584.9441 12,~~370~~347,~~781~~806.1905 0.00 0.00 I-2-A-2 78,127,200.00 6462,~~394~~163,~~888~~906.7213 3736,~~732~~135.7005 23,~~193~~756,~~249~~489.9068 0.00 0.00 I-2-A-3 48,383,300.00 3938,~~879~~497,~~033~~410.4288 2322,~~367~~378.4403 12,~~358~~326,~~255~~351.1099 0.00 0.00 I-2-X 0.00 0.00 0.00 0.00 0.00 0.00 I-3-A 36,278,500.00 32,~~692~~673,~~410~~709.0810 16,~~394~~464.3056 2706,~~306~~428.6832 0.00 0.00 I-4-A 100,807,000.00 8483,~~751~~784,~~271~~931.6812 53,~~484~~363.6524 ~~912~~1,~~855~~582,119.9181 0.00 0.00 I-4-A-M 18,691,000.00 18,691,000.00 0.00 0.00 0.00 0.00 II-1-A 66,445,900.00 5251,~~380~~361,~~683~~633.8003 3534,~~450~~506.8467 ~~983~~7,~~599~~781.9356 0.00 0.00 II-1-X 0.00 0.00 0.00 0.00 0.00 0.00 II-2-A 95,628,200.00 8280,~~476~~288,~~140~~539.6548 4344,~~888~~083.4501 21,~~143~~745,~~712~~209.7280 0.00 0.00 II-2-X 0.00 0.00 0.00 0.00 0.00 0.00 II-3-A 17,904,800.00 15,~~923~~912,~~966~~254.2364 8,~~596~~633.8546 31,~~114~~398,355.7435 0.00 0.00 II-4-A 50,555,800.00 3735,~~390~~898,~~072~~427.2995 1715,~~361~~785.6378 1471,~~474,282~~419.7148 0.00 0.00 I-B-1 5,865,700.00 5,~~843~~840,~~351~~112.4076 3,~~238~~245.6435 0.00 0.00 0.00 I-B-2 4,105,600.00 4,~~089~~087,~~957~~690.4663 2,~~266~~271.8353 0.00 0.00 0.00 I-B-3 2,346,400.00 2,~~337~~336,~~460~~164.1058 1,~~295~~298.5221 0.00 0.00 0.00 I-B-4 1,955,000.00 1,~~947~~946,~~551~~471.3594 1,~~079~~081.4265 0.00 0.00 0.00 I-B-5 977,600.00 973,~~875~~335.3053 ~~539~~540.7688 0.00 0.00 0.00 I-B-6 782,282.05 ~~779~~778,~~301~~869.4755 ~~431~~432.9282 0.00 0.00 0.00 II-B-1 2,740,000.00 2,~~729~~728,~~647~~120.6132 1,527.2953 0.00 0.00 0.00 II-B-2 2,025,500.00 2,~~017~~016,~~847~~718.1614 1,129.0320 0.00 0.00 0.00 II-B-3 1,429,600.00 1,~~424~~423,~~198~~401.6275 796.8799 0.00 0.00 0.00 II-B-4 714,900.00 ~~712~~711,~~198~~800.9344 398.4955 0.00 0.00 0.00 II-B-5 476,500.00 474,~~699~~434.6706 265.6064 0.00 0.00 0.00 II-B-6 357,631.17 356,~~279~~080.7844 199.3538 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 R-III 50.00 0.00 0.00 0.00 0.00 0.00 R-IV 50.00 0.00 0.00 0.00 0.00 0.00 Totals 629,311,013.22 ~~530~~518,~~608~~012,~~512~~285.7288 ~~294~~288,~~838~~545.8671 1217,~~301~~181,~~388~~432.0187 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-1-A 12,~~881~~860,~~039~~894.4760 3633,~~214~~353,~~832~~937.0848 0.~~82526068~~76006685 12,~~881~~860,~~039~~894.4760 I-2-A-1 12,~~394~~370,~~364~~390.1246 3836,~~852~~482,~~441~~050.3387 0.~~79567559~~74713136 12,~~394~~370,~~364~~390.1246 I-2-A-2 23,~~230~~792,~~982~~624.6073 6258,~~163~~371,~~906~~281.1339 0.~~79567559~~74713136 23,~~230~~792,~~982~~624.6073 I-2-A-3 12,~~381~~348,~~622~~730.5402 3836,~~497~~148,~~410~~680.8886 0.~~79567559~~74713136 12,~~381~~348,~~622~~730.5402 I-2-X 0.00 0.00 0.00000000 0.00 I-3-A 18722,~~700~~892.9888 3231,~~673~~950,~~709~~816.1021 0.~~90063561~~88070941 18722,~~700~~892.9888 I-4-A ~~966~~1,~~340~~635,483.5605 8382,~~784~~149,~~931~~448.1206 0.~~83114200~~81491809 ~~966~~1,~~340~~635,483.5605 I-4-A-M 0.00 18,691,000.00 1.00000000 0.00 II-1-A 142,~~019,050~~288.7723 51,~~361~~319,~~633~~344.0380 0.~~77298423~~77234780 142,~~019,050~~288.7723 II-1-X 0.00 0.00 0.00000000 0.00 II-2-A 21,~~187~~789,~~601~~292.1781 8078,~~288~~499,~~539~~246.4867 0.~~83959062~~82087968 21,~~187~~789,~~601~~292.1781 II-2-X 0.00 0.00 0.00000000 0.00 II-3-A 111,~~711~~406,988.5981 1514,~~912~~505,~~254~~265.6483 0.~~88871446~~81013280 111,~~711~~406,988.5981 II-4-A 1487,~~491,644~~205.3426 35,~~898~~411,~~427~~222.9569 0.~~71007536~~70043838 1487,~~491,644~~205.3426 I-B-1 3,~~238~~245.6435 5,~~840~~836,~~112~~867.7641 0.~~99563782~~99508454 3,~~238~~245.6435 I-B-2 2,~~266~~271.8353 4,~~087~~085,~~690~~419.6310 0.~~99563782~~99508454 2,~~266~~271.8353 I-B-3 1,~~295~~298.5221 2,~~336~~334,~~164~~866.5837 0.~~99563782~~99508454 1,~~295~~298.5221 I-B-4 1,~~079~~081.4265 1,~~946~~945,~~471~~390.9428 0.~~99563782~~99508454 1,~~079~~081.4265 I-B-5 ~~539~~540.7688 ~~973~~972,~~335~~794.5365 0.~~99563782~~99508454 ~~539~~540.7688 I-B-6 ~~431~~432.9282 778,~~869~~436.5573 0.~~99563776~~99508448 ~~431~~432.9282 II-B-1 1,527.2953 2,~~728~~726,~~120~~592.3279 0.~~99566435~~99510686 1,527.2953 II-B-2 1,129.0320 2,~~016~~015,~~718~~588.1494 0.~~99566435~~99510686 1,129.0320 II-B-3 796.8799 1,~~423~~422,~~401~~604.7576 0.~~99566435~~99510686 796.8799 II-B-4 398.4955 711,~~800~~401.4489 0.~~99566434~~99510685 398.4955 II-B-5 265.6064 474,~~434~~168.0642 0.~~99566434~~99510686 265.6064 II-B-6 199.3538 ~~356~~355,~~080~~881.4406 0.~~99566388~~99510638 199.3538 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-IV 0.00 0.00 0.00000000 0.00 Totals 1217,~~596~~469,~~226~~978.8658 ~~518~~500,~~012~~542,~~285~~307.8826 0.~~82314194~~79538145 1217,~~596~~469,~~226~~978.8658

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-1-A 43,882,900.00 ~~868~~825.~~12566056~~26068423 0.~~49701228~~48820315 4264.~~36796406~~70563317 0.00000000 I-2-A-1 48,829,500.00 ~~824~~795.~~23136526~~67559221 0.~~48296501~~46251569 2848.~~07280824~~08171392 0.00000000 I-2-A-2 78,127,200.00 ~~824~~795.~~23136526~~67559224 0.~~48296496~~46251562 2848.~~07280819~~08171392 0.00000000 I-2-A-3 48,383,300.00 ~~824~~795.~~23136537~~67559220 0.~~48296499~~46251558 2848.~~07280818~~08171394 0.00000000 I-2-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-3-A 36,278,500.00 ~~901~~900.~~15109721~~63561338 0.~~45190126~~45383795 019.~~06358256~~47236848 0.00000000 I-4-A 100,807,000.00 ~~840~~831.~~72804151~~14199530 0.~~53056484~~52936046 915.~~05548137~~69454314 0.00000000 I-4-A-M 18,691,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-1-A 66,445,900.00 ~~788~~772.~~32078127~~98423274 0.~~53352938~~51931978 140.~~80301915~~11711121 0.00000000 II-1-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-2-A 95,628,200.00 ~~862~~839.~~46672687~~59061741 0.~~45894882~~46098337 2218.~~41716063~~24994928 0.00000000 II-2-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-3-A 17,904,800.00 ~~889~~888.~~36856206~~71445869 0.~~48014220~~48218690 078.~~17396117~~09946774 0.00000000 II-4-A 50,555,800.00 ~~739~~710.~~58027150~~07536128 0.~~34341520~~31224469 299.~~16149502~~32473584 0.00000000 I-B-1 5,865,700.00 ~~996~~995.~~18995175~~63781987 0.~~55213189~~55327582 0.00000000 0.00000000 I-B-2 4,105,600.00 ~~996~~995.~~18995031~~63781908 0.~~55213124~~55327601 0.00000000 0.00000000 I-B-3 2,346,400.00 ~~996~~995.~~18995056~~63781964 0.~~55213092~~55327736 0.00000000 0.00000000 I-B-4 1,955,000.00 ~~996~~995.~~18994885~~63782097 0.~~55213299~~55327366 0.00000000 0.00000000 I-B-5 977,600.00 ~~996~~995.~~18995499~~63781710 0.~~55212766~~55327332 0.00000000 0.00000000 I-B-6 782,282.05 ~~996~~995.~~18989085~~63776262 0.~~55212823~~55327871 0.00000000 0.00000000 II-B-1 2,740,000.00 ~~996~~995.~~22175547~~66435036 0.~~55740511~~55749270 0.00000000 0.00000000 II-B-2 2,025,500.00 ~~996~~995.~~22175265~~66434954 0.~~55740805~~55749198 0.00000000 0.00000000 II-B-3 1,429,600.00 ~~996~~995.~~22175434~~66434667 0.~~55740767~~55749161 0.00000000 0.00000000 II-B-4 714,900.00 ~~996~~995.~~22175129~~66434466 0.~~55740663~~55749056 0.00000000 0.00000000 II-B-5 476,500.00 ~~996~~995.~~22176285~~66434418 0.~~55739769~~55748164 0.00000000 0.00000000 II-B-6 357,631.17 ~~996~~995.~~22127456~~66388467 0.~~55741786~~55750174 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 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 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 I-1-A 0.00000000 4265.~~86497633~~19383632 ~~825~~760.~~26068423~~06684791 0.~~82526068~~76006685 4265.~~86497633~~19383632 I-2-A-1 0.00000000 2848.~~55577305~~54422962 ~~795~~747.~~67559221~~13136260 0.~~79567559~~74713136 2848.~~55577305~~54422962 I-2-A-2 0.00000000 2848.~~55577315~~54422954 ~~795~~747.~~67559224~~13136257 0.~~79567559~~74713136 2848.~~55577315~~54422954 I-2-A-3 0.00000000 2848.~~55577317~~54422952 ~~795~~747.~~67559220~~13136268 0.~~79567559~~74713136 2848.~~55577317~~54422952 I-2-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-3-A 0.00000000 019.~~51548383~~92620643 ~~900~~880.~~63561338~~70940667 0.~~90063561~~88070941 019.~~51548383~~92620643 I-4-A 0.00000000 916.~~58604621~~22390360 ~~831~~814.~~14199530~~91809160 0.~~83114200~~81491809 916.~~58604621~~22390360 I-4-A-M 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-1-A 0.00000000 150.~~33654853~~63643099 772.~~98423274~~34780175 0.~~77298423~~77234780 150.~~33654853~~63643099 II-1-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-2-A 0.00000000 2218.~~87610945~~71093265 ~~839~~820.~~59061741~~87968476 0.~~83959062~~82087968 2218.~~87610945~~71093265 II-2-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-3-A 0.00000000 078.~~65410337~~58165464 ~~888~~810.~~71445869~~13280405 0.~~88871446~~81013280 078.~~65410337~~58165464 II-4-A 0.00000000 299.~~50491022~~63698052 ~~710~~700.~~07536128~~43838076 0.~~71007536~~70043838 299.~~50491022~~63698052 I-B-1 0.00000000 0.~~55213189~~55327582 995.~~63781987~~08454404 0.~~99563782~~99508454 0.~~55213189~~55327582 I-B-2 0.00000000 0.~~55213124~~55327601 995.~~63781908~~08454306 0.~~99563782~~99508454 0.~~55213124~~55327601 I-B-3 0.00000000 0.~~55213092~~55327736 995.~~63781964~~08454228 0.~~99563782~~99508454 0.~~55213092~~55327736 I-B-4 0.00000000 0.~~55213299~~55327366 995.~~63782097~~08454220 0.~~99563782~~99508454 0.~~55213299~~55327366 I-B-5 0.00000000 0.~~55212766~~55327332 995.~~63781710~~08454378 0.~~99563782~~99508454 0.~~55212766~~55327332 I-B-6 0.00000000 0.~~55212823~~55327871 995.~~63776262~~08448391 0.~~99563776~~99508448 0.~~55212823~~55327871 II-B-1 0.00000000 0.~~55740511~~55749270 995.~~66435036~~10685766 0.~~99566435~~99510686 0.~~55740511~~55749270 II-B-2 0.00000000 0.~~55740805~~55749198 995.~~66434954~~10685757 0.~~99566435~~99510686 0.~~55740805~~55749198 II-B-3 0.00000000 0.~~55740767~~55749161 995.~~66434667~~10685506 0.~~99566435~~99510686 0.~~55740767~~55749161 II-B-4 0.00000000 0.~~55740663~~55749056 995.~~66434466~~10685411 0.~~99566434~~99510685 0.~~55740663~~55749056 II-B-5 0.00000000 0.~~55739769~~55748164 995.~~66434418~~10686254 0.~~99566434~~99510686 0.~~55739769~~55748164 II-B-6 0.00000000 0.~~55741786~~55750174 995.~~66388467~~10638293 0.~~99566388~~99510638 0.~~55741786~~55750174 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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-1-A 43,882,900.00 4.~~13149~~10948% 3836,~~095~~214,~~871~~832.5508 ~~131~~124,~~160~~020.4314 0.00 0.00 I-2-A-1 48,829,500.00 3.~~92295~~92013% 4038,~~246~~852,~~805~~441.4533 ~~131~~126,~~571~~922.8413 0.00 0.00 I-2-A-2 78,127,200.00 4.~~50395~~50113% 6462,~~394~~163,~~888~~906.7213 ~~241~~233,~~692~~173.8010 0.00 0.00 I-2-A-3 48,383,300.00 3.~~79995~~79713% 3938,~~879~~497,~~033~~410.4288 ~~126~~121,~~281~~816.9534 0.00 0.00 I-2-X 0.00 0.62300% ~~144~~139,~~520~~513,~~727~~758.5934 7572,~~030~~430.3489 0.00 0.00 I-3-A 36,278,500.00 4.81488% 32,~~692~~673,~~410~~709.0810 131,~~175~~100.0506 0.00 0.00 I-4-A 100,807,000.00 5.~~25328~~25106% 8483,~~751~~784,~~271~~931.6812 ~~371~~366,~~018~~632.4694 0.00 0.00 I-4-A-M 18,691,000.00 5.~~25328~~25106% 18,691,000.00 81,~~824~~789.2160 0.00 0.00 II-1-A 66,445,900.00 3.~~81562~~80520% 5251,~~380~~361,~~683~~633.8003 ~~166~~162,~~553~~867.8361 0.00 0.00 II-1-X 0.00 0.14018% 5251,~~380~~361,~~683~~633.8003 65,~~118~~999.9489 0.00 0.00 II-2-A 95,628,200.00 4.~~51407~~50819% 8280,~~476~~288,~~140~~539.6548 ~~310~~301,~~252~~630.5508 0.00 0.00 II-2-X 0.00 0.22266% 8280,~~476~~288,~~140~~539.6548 1514,~~303~~897.4554 0.00 0.00 II-3-A 17,904,800.00 4.~~72755~~72756% 15,~~923~~912,~~966~~254.2364 62,~~734~~688.5046 0.00 0.00 II-4-A 50,555,800.00 5.~~38782~~38231% 3735,~~390~~898,~~072~~427.2995 ~~167~~161,~~875~~013.8366 0.00 0.00 I-B-1 5,865,700.00 4.~~85415~~84955% 5,~~843~~840,~~351~~112.4076 23,~~637~~601.0862 0.00 0.00 I-B-2 4,105,600.00 4.~~85415~~84955% 4,~~089~~087,~~957~~690.4663 16,~~544~~519.3856 0.00 0.00 I-B-3 2,346,400.00 4.~~85415~~84955% 2,~~337~~336,~~460~~164.1058 9,~~455~~441.3113 0.00 0.00 I-B-4 1,955,000.00 4.~~85415~~84955% 1,~~947~~946,~~551~~471.3594 7,~~878~~866.0827 0.00 0.00 I-B-5 977,600.00 4.~~85415~~84955% 973,~~875~~335.3053 3,~~939~~933.4554 0.00 0.00 I-B-6 782,282.05 4.~~85415~~84955% ~~779~~778,~~301~~869.4755 3,~~152~~147.3764 0.00 0.00 II-B-1 2,740,000.00 4.~~65397~~64736% 2,~~729~~728,~~647~~120.6132 10,~~586~~565.4247 0.00 0.00 II-B-2 2,025,500.00 4.~~65397~~64736% 2,~~017~~016,~~847~~718.1614 7,~~825~~810.8435 0.00 0.00 II-B-3 1,429,600.00 4.~~65397~~64736% 1,~~424~~423,~~198~~401.6275 5,~~523~~512.4855 0.00 0.00 II-B-4 714,900.00 4.~~65397~~64736% ~~712~~711,~~198~~800.9344 2,~~762~~756.1366 0.00 0.00 II-B-5 476,500.00 4.~~65397~~64736% 474,~~699~~434.6706 1,~~841~~837.0339 0.00 0.00 II-B-6 357,631.17 4.~~65397~~64736% 356,~~279~~080.7844 1,~~381~~379.7603 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 R-III 50.00 0.00000% 0.00 0.00 0.00 0.00 R-IV 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 629,311,013.22 2,~~113~~061,~~121~~353.5165 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-1-A ~~113~~151.6176 0.00 ~~131~~123,~~046~~868.8238 0.00 3633,~~214~~353,~~832~~937.0848 I-2-A-1 ~~113~~155.9631 0.00 ~~131~~126,~~457~~766.8882 0.00 3836,~~852~~482,~~441~~050.3387 I-2-A-2 ~~209~~285.3533 0.00 ~~241~~232,~~483~~887.4677 0.00 6258,~~163~~371,~~906~~281.1339 I-2-A-3 ~~109~~149.3806 0.00 ~~126~~121,~~172~~667.5728 0.00 3836,~~497~~148,~~410~~680.8886 I-2-X 6488.9963 0.00 7472,~~965~~342.3626 0.00 ~~139~~131,~~513~~002,~~758~~013.3412 I-3-A ~~113~~160.6242 0.00 ~~131~~130,~~061~~939.4364 0.00 3231,~~673~~950,~~709~~816.1021 I-4-A ~~321~~448.3764 0.00 ~~370~~366,~~697~~184.0930 0.00 8382,~~784~~149,~~931~~448.1206 I-4-A-M 70100.8708 0.00 81,~~753~~689.3452 0.00 18,691,000.00 II-1-A ~~144~~199.2630 0.00 ~~166~~162,~~409~~668.5731 0.00 51,~~361~~319,~~633~~344.0380 II-1-X 57.3034 0.00 65,~~113~~992.6455 0.00 51,~~361~~319,~~633~~344.0380 II-2-A ~~268~~369.7210 0.00 ~~309~~301,~~983~~260.8298 0.00 8078,~~288~~499,~~539~~246.4867 II-2-X 1318.2623 0.00 1514,~~290~~879.1931 0.00 8078,~~288~~499,~~539~~246.4867 II-3-A 5476.3471 0.00 62,~~680~~611.1674 0.00 1514,~~912~~505,~~254~~265.6483 II-4-A ~~145~~197.4103 0.00 ~~167~~160,~~730~~816.4263 0.00 35,~~898~~411,~~427~~222.9569 I-B-1 2028.4788 0.00 23,~~616~~572.6074 0.00 5,~~840~~836,~~112~~867.7641 I-B-2 1420.3321 0.00 16,~~530~~499.0535 0.00 4,~~087~~085,~~690~~419.6310 I-B-3 811.1955 0.00 9,~~447~~429.1258 0.00 2,~~336~~334,~~164~~866.5837 I-B-4 69.8263 0.00 7,~~871~~856.2664 0.00 1,~~946~~945,~~471~~390.9428 I-B-5 34.4181 0.00 3,~~936~~928.0372 0.00 ~~973~~972,~~335~~794.5365 I-B-6 23.7385 0.00 3,~~149~~143.6479 0.00 778,~~869~~436.5573 II-B-1 912.1793 0.00 10,~~577~~552.2554 0.00 2,~~728~~726,~~120~~592.3279 II-B-2 69.7856 0.00 7,~~819~~800.0679 0.00 2,~~016~~015,~~718~~588.1494 II-B-3 46.7875 0.00 5,~~518~~505.7081 0.00 1,~~423~~422,~~401~~604.7576 II-B-4 23.3937 0.00 2,~~759~~753.7429 0.00 711,~~800~~401.4489 II-B-5 12.5925 0.00 1,~~839~~835.4414 0.00 474,~~434~~168.0642 II-B-6 1.2069 0.00 1,~~380~~377.5734 0.00 ~~356~~355,~~080~~881.4406 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 7.3812 0.00 0.00 Totals 12,~~830~~522.3042 0.00 2,~~111~~058,~~298~~838.5934 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-1-A 43,882,900.00 4.~~13149~~10948% ~~868~~825.~~12566056~~26068423 2.~~98887334~~82616099 0.00000000 0.00000000 I-2-A-1 48,829,500.00 3.~~92295~~92013% ~~824~~795.~~23136526~~67559221 2.~~69451541~~59929203 0.00000000 0.00000000 I-2-A-2 78,127,200.00 4.~~50395~~50113% ~~824~~795.~~23136526~~67559224 32.~~09358072~~98453164 0.00000000 0.00000000 I-2-A-3 48,383,300.00 3.~~79995~~79713% ~~824~~795.~~23136537~~67559220 2.~~61003177~~51773525 0.00000000 0.00000000 I-2-X 0.00 0.62300% ~~824~~795.~~23136529~~67559222 0.~~42791343~~41308823 0.00000000 0.00000000 I-3-A 36,278,500.00 4.81488% ~~901~~900.~~15109721~~63561338 3.~~61577932~~61371225 0.00000000 0.00000000 I-4-A 100,807,000.00 5.~~25328~~25106% ~~840~~831.~~72804151~~14199530 3.~~68048310~~63697898 0.00000000 0.00000000 I-4-A-M 18,691,000.00 5.~~25328~~25106% 1000.00000000 4.~~37773313~~37588144 0.00000000 0.00000000 II-1-A 66,445,900.00 3.~~81562~~80520% ~~788~~772.~~32078127~~98423274 2.~~50660808~~45113107 0.00000000 0.00000000 II-1-X 0.00 0.14018% ~~788~~772.~~32078127~~98423274 0.~~09208905~~09029737 0.00000000 0.00000000 II-2-A 95,628,200.00 4.~~51407~~50819% ~~862~~839.~~46672687~~59061741 3.~~24436254~~15419594 0.00000000 0.00000000 II-2-X 0.00 0.22266% ~~862~~839.~~46672687~~59061741 0.~~16003072~~15578605 0.00000000 0.00000000 II-3-A 17,904,800.00 4.~~72755~~72756% ~~889~~888.~~36856206~~71445869 3.~~50378111~~50120973 0.00000000 0.00000000 II-4-A 50,555,800.00 5.~~38782~~38231% ~~739~~710.~~58027150~~07536128 3.~~32060476~~18487018 0.00000000 0.00000000 I-B-1 5,865,700.00 4.~~85415~~84955% ~~996~~995.~~18995175~~63781987 4.~~02971171~~02366640 0.00000000 0.00000000 I-B-2 4,105,600.00 4.~~85415~~84955% ~~996~~995.~~18995031~~63781908 4.~~02971064~~02366524 0.00000000 0.00000000 I-B-3 2,346,400.00 4.~~85415~~84955% ~~996~~995.~~18995056~~63781964 4.~~02970934~~02366604 0.00000000 0.00000000 I-B-4 1,955,000.00 4.~~85415~~84955% ~~996~~995.~~18994885~~63782097 4.~~02970844~~02366752 0.00000000 0.00000000 I-B-5 977,600.00 4.~~85415~~84955% ~~996~~995.~~18995499~~63781710 4.~~02971563~~02367021 0.00000000 0.00000000 I-B-6 782,282.05 4.~~85415~~84955% ~~996~~995.~~18989085~~63776262 4.~~02971026~~02366384 0.00000000 0.00000000 II-B-1 2,740,000.00 4.~~65397~~64736% ~~996~~995.~~22175547~~66435036 3.~~86365693~~85601095 0.00000000 0.00000000 II-B-2 2,025,500.00 4.~~65397~~64736% ~~996~~995.~~22175265~~66434954 3.~~86365836~~85601086 0.00000000 0.00000000 II-B-3 1,429,600.00 4.~~65397~~64736% ~~996~~995.~~22175434~~66434667 3.~~86365417~~85600867 0.00000000 0.00000000 II-B-4 714,900.00 4.~~65397~~64736% ~~996~~995.~~22175129~~66434466 3.~~86365925~~85600783 0.00000000 0.00000000 II-B-5 476,500.00 4.~~65397~~64736% ~~996~~995.~~22176285~~66434418 3.~~86365163~~85601259 0.00000000 0.00000000 II-B-6 357,631.17 4.~~65397~~64736% ~~996~~995.~~22127456~~66388467 3.~~86364533~~85601177 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 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-1-A 0.~~00258894~~00345829 0.00000000 2.~~98628441~~82270269 0.00000000 ~~825~~760.~~26068423~~06684791 I-2-A-1 0.~~00233384~~00318066 0.00000000 2.~~69218157~~59611137 0.00000000 ~~795~~747.~~67559221~~13136260 I-2-A-2 0.~~00267960~~00365212 0.00000000 32.~~09090125~~98087951 0.00000000 ~~795~~747.~~67559224~~13136257 I-2-A-3 0.~~00226070~~00308082 0.00000000 2.~~60777107~~51465444 0.00000000 ~~795~~747.~~67559220~~13136268 I-2-X 0.~~00037065~~00050548 0.00000000 0.~~42754283~~41258275 0.00000000 ~~795~~747.~~67559222~~13136261 I-3-A 0.~~00313188~~00442190 0.00000000 3.~~61264744~~60929035 0.00000000 ~~900~~880.~~63561338~~70940667 I-4-A 0.~~00318797~~00445048 0.00000000 3.~~67729513~~63252850 0.00000000 ~~831~~814.~~14199530~~91809160 I-4-A-M 0.~~00379166~~00535445 0.00000000 4.~~37394147~~37052699 0.00000000 1000.00000000 II-1-A 0.~~00217109~~00299943 0.00000000 2.~~50443699~~44813164 0.00000000 772.~~98423274~~34780175 II-1-X 0.~~00007976~~00011047 0.00000000 0.~~09200929~~09018690 0.00000000 772.~~98423274~~34780175 II-2-A 0.~~00281005~~00385974 0.00000000 3.~~24155239~~15033620 0.00000000 ~~839~~820.~~59061741~~87968476 II-2-X 0.~~00013866~~00019063 0.00000000 0.~~15989206~~15559542 0.00000000 ~~839~~820.~~59061741~~87968476 II-3-A 0.~~00303494~~00428433 0.00000000 3.~~50074617~~49692485 0.00000000 ~~888~~810.~~71445869~~13280405 II-4-A 0.~~00287623~~00389728 0.00000000 3.~~31772853~~18097291 0.00000000 ~~710~~700.~~07536128~~43838076 I-B-1 0.~~00348978~~00492354 0.00000000 4.~~02622023~~01874286 0.00000000 995.~~63781987~~08454404 I-B-2 0.~~00349035~~00492254 0.00000000 4.~~02622028~~01874269 0.00000000 995.~~63781908~~08454306 I-B-3 0.~~00349045~~00492243 0.00000000 4.~~02621889~~01874361 0.00000000 995.~~63781964~~08454228 I-B-4 0.~~00348849~~00492583 0.00000000 4.~~02621995~~01874169 0.00000000 995.~~63782097~~08454220 I-B-5 0.~~00348813~~00492021 0.00000000 4.~~02621727~~01873977 0.00000000 995.~~63781710~~08454378 I-B-6 0.~~00348979~~00492150 0.00000000 4.~~02622047~~01874234 0.00000000 995.~~63776262~~08448391 II-B-1 0.~~00334672~~00471898 0.00000000 3.~~86031022~~85129197 0.00000000 995.~~66435036~~10685766 II-B-2 0.~~00334732~~00471982 0.00000000 3.~~86031103~~85129104 0.00000000 995.~~66434954~~10685757 II-B-3 0.~~00334359~~00472160 0.00000000 3.~~86031058~~85129407 0.00000000 995.~~66434667~~10685506 II-B-4 0.~~00334312~~00471395 0.00000000 3.~~86031613~~85129389 0.00000000 995.~~66434466~~10685411 II-B-5 0.~~00333683~~00472193 0.00000000 3.~~86031480~~85129066 0.00000000 995.~~66434418~~10686254 II-B-6 0.~~00335541~~00472554 0.00000000 3.~~86031788~~85128623 0.00000000 995.~~66388467~~10638293 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 ~~147~~142.~~60000000~~40000000 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 1419,~~827~~643,~~520~~319.4615 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1610,~~174~~781.4205 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1419,~~843~~654,~~694~~100.8820 Withdrawals Reimbursement for Servicer Advances 2416,~~435~~174.7542 Payment of Service Fee ~~111~~109,~~733~~108.6886 Payment of Interest and Principal 1419,~~707~~528,~~525~~816.4592 Total Withdrawals (Pool Distribution Amount) 1419,~~843~~654,~~694~~100.8820 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 12,~~830~~522.3042 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 12,~~830~~522.3042

SERVICING FEES Gross Servicing Fee 9996,~~262~~980.7892 Additional Servicing Fee 11,~~445~~103.5308 Miscellaneous Fee 1,~~025~~024.3786 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~111~~109,~~733~~108.6886

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 106 0 0 0 106 41,~~030~~852,~~549~~257.6663 0.00 0.00 0.00 41,~~030~~852,~~549~~257.6663 60 Days 01 0 0 0 01 0385,361.0097 0.00 0.00 0.00 0385,361.0097 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 107 0 0 0 107 42,~~030~~237,~~549~~619.6660 0.00 0.00 0.00 42,~~030~~237,~~549~~619.6660 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~870322~~540054% 0.000000% 0.000000% 0.000000% 0.~~870322~~540054% 0.~~777755~~369893% 0.000000% 0.000000% 0.000000% 0.~~777755~~369893% 60 Days 0.~~000000~~090009% 0.000000% 0.000000% 0.000000% 0.~~000000~~090009% 0.~~000000~~076956% 0.000000% 0.000000% 0.000000% 0.~~000000~~076956% 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.~~870322~~630063% 0.000000% 0.000000% 0.000000% 0.~~870322~~630063% 0.~~777755~~446850% 0.000000% 0.000000% 0.000000% 0.~~777755~~446850%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-4 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 ~~62,993~~0.5900 0.00 0.00 0.00 ~~62,993~~0.5900 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 ~~62,993~~0.5900 0.00 0.00 0.00 ~~62,993~~0.5900 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~449275~~000000% 0.000000% 0.000000% 0.000000% 10.~~449275~~000000% 0.~~167522~~000000% 0.000000% 0.000000% 0.000000% 0.~~167522~~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 10.~~449275~~000000% 0.000000% 0.000000% 0.000000% 10.~~449275~~000000% 0.~~167522~~000000% 0.000000% 0.000000% 0.000000% 0.~~167522~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 02 0 0 0 02 0630,682.0058 0.00 0.00 0.00 0630,682.0058 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 02 0 0 0 02 0630,682.0058 0.00 0.00 0.00 0630,682.0058 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~247191% 0.000000% 0.000000% 0.000000% 02.~~000000~~247191% 01.~~000000~~789675% 0.000000% 0.000000% 0.000000% 01.~~000000~~789675% 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 02.~~000000~~247191% 0.000000% 0.000000% 0.000000% 02.~~000000~~247191% 01.~~000000~~789675% 0.000000% 0.000000% 0.000000% 01.~~000000~~789675% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 52 0 0 0 5 2 494,~~044,742~~269.5107 0.00 0.00 0.00 2494,~~044,742~~269.5107 60 Days 01 0 0 0 01 0385,361.0097 0.00 0.00 0.00 0385,361.0097 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 53 0 0 0 53 2879,~~044,742~~631.5104 0.00 0.00 0.00 2879,~~044,742~~631.5104 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~506024~~638978% 0.000000% 0.000000% 0.000000% 10.~~506024~~638978% 10.~~390629~~356841% 0.000000% 0.000000% 0.000000% 10.~~390629~~356841% 60 Days 0.~~000000~~319489% 0.000000% 0.000000% 0.000000% 0.~~000000~~319489% 0.~~000000~~278215% 0.000000% 0.000000% 0.000000% 0.~~000000~~278215% 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 10.~~506024~~958466% 0.000000% 0.000000% 0.000000% 10.~~506024~~958466% 10.~~390629~~635056% 0.000000% 0.000000% 0.000000% 10.~~390629~~635056% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 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 I-4 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 31 0 0 0 31 ~~922~~394,~~813~~169.5619 0.00 0.00 0.00 ~~922~~394,~~813~~169.5619 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 31 0 0 0 31 ~~922~~394,~~813~~169.5619 0.00 0.00 0.00 ~~922~~394,~~813~~169.5619 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~304348~~442478% 0.000000% 0.000000% 0.000000% 10.~~304348~~442478% 0.~~857580~~371966% 0.000000% 0.000000% 0.000000% 0.~~857580~~371966% 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 10.~~304348~~442478% 0.000000% 0.000000% 0.000000% 10.~~304348~~442478% 0.~~857580~~371966% 0.000000% 0.000000% 0.000000% 0.~~857580~~371966% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-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 10 0 0 0 10 ~~1,000,000~~0.00 0.00 0.00 0.00 ~~1,000,000~~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 10 0 0 0 10 ~~1,000,000~~0.00 0.00 0.00 0.00 ~~1,000,000~~0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~735294~~000000% 0.000000% 0.000000% 0.000000% 0.~~735294~~000000% 10.~~865284~~000000% 0.000000% 0.000000% 0.000000% 10.~~865284~~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.~~735294~~000000% 0.000000% 0.000000% 0.000000% 0.~~735294~~000000% 10.~~865284~~000000% 0.000000% 0.000000% 0.000000% 10.~~865284~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-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 01 0 0 0 01 0333,136.0079 0.00 0.00 0.00 0333,136.0079 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 01 0 0 0 01 0333,136.0079 0.00 0.00 0.00 0333,136.0079 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~549451% 0.000000% 0.000000% 0.000000% 0.~~000000~~549451% 0.~~000000~~407607% 0.000000% 0.000000% 0.000000% 0.~~000000~~407607% 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~~549451% 0.000000% 0.000000% 0.000000% 0.~~000000~~549451% 0.~~000000~~407607% 0.000000% 0.000000% 0.000000% 0.~~000000~~407607% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1610,~~174~~781.4205

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~031648~~027996% Weighted Average Net Coupon 4.~~807159~~803335% Weighted Average Pass-Through Rate 4.~~778956~~775240% Weighted Average Maturity(Stepdown Calculation ) ~~352~~351 Beginning Scheduled Collateral Loan Count 1,~~175~~149 Number Of Loans Paid In Full 2638 Ending Scheduled Collateral Loan Count 1,~~149~~111 Beginning Scheduled Collateral Balance ~~530~~518,~~608~~012,~~512~~285.7994 Ending Scheduled Collateral Balance ~~518~~500,~~012~~542,~~285~~307.9434 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~518~~500,~~228~~754,~~744~~490.4498 Monthly P &I Constant 2,~~519~~459,~~701~~015.4033 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~518~~500,~~012~~542,~~285~~307.9434 Scheduled Principal ~~294~~288,~~838~~545.8573 Unscheduled Principal 1217,~~301~~181,~~388~~432.0087

Group Level Collateral Statement Group Group I-1 Group I-2 Group I-3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~395519~~374197 5.~~025713~~023052 5.~~064881~~064883 Weighted Average Net Rate 4.~~144160~~122774 4.~~832230~~829299 4.~~814881~~814883 Weighted Average Maturity ~~351~~350 350 351 ~~352~~ Beginning Loan Count 9995 ~~343~~332 70 Loans Paid In Full 46 1119 02 Ending Loan Count 9589 ~~332~~313 7068 Beginning Scheduled Balance 3938,~~964~~081,~~076~~967.5551 ~~151~~146,~~987~~975,~~245~~900.0472 34,~~238~~218,~~197~~721.4833 Ending scheduled Balance 3835,~~081~~219,~~967~~968.5136 ~~146~~138,~~975~~459,~~900~~817.7286 3433,~~218~~495,~~721~~049.3390 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~169~~161,~~265~~343.6235 ~~725~~700,~~595~~658.0111 161,~~679~~671.8028 Scheduled Principal 22,~~879~~528.9132 8985,~~058~~435.14 17,~~169~~243.4711 Unscheduled Principal 12,~~859~~839,~~229~~470.1383 48,~~922~~430,~~286~~647.1872 2706,~~306~~428.6832 Scheduled Interest ~~146~~138,~~385~~815.7103 ~~636~~615,~~536~~222.8797 144,~~510~~428.3317 Servicing Fees 87,~~371~~978.1092 2423,~~505~~730.7383 7,~~132~~128.9690 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee ~~422~~421.1484 7,~~761~~492.5221 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~137~~130,~~592~~414.4727 ~~604~~583,~~269~~999.6293 137,~~377~~299.3727 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 4.~~131485~~109481 4.~~770950~~768128 4.~~814881~~814883

Group Level Collateral Statement Group Group I-4 Group II-1 Group II-2 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~503946~~501730 4.~~205796~~195377 4.~~986730~~980851 Weighted Average Net Rate 5.~~253280~~251058 3.~~955796~~945377 4.~~796777~~791419 Weighted Average Maturity ~~351~~350 ~~351~~350 ~~351~~350 Beginning Loan Count ~~232~~230 ~~139~~136 ~~190~~186 Loans Paid In Full 24 30 4 Ending Loan Count ~~230~~226 136 ~~186~~182 Beginning Scheduled Balance ~~108~~107,~~533~~564,~~258~~285.8499 5453,~~602~~581,~~463~~908.30 85 83,~~677~~487,~~192~~887.4185 Ending scheduled Balance ~~107~~105,~~564~~926,~~285~~153.9923 53,~~581~~538,~~908~~128.8596 8381,~~487~~696,~~887~~838.8541 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~553~~549,~~917~~170.9096 ~~228~~223,~~326~~328.8959 ~~401~~392,~~632~~373.6860 Scheduled Principal 56,~~116~~012.9495 3635,~~954~~998.5233 45,~~591~~839.8464 Unscheduled Principal ~~912~~1,~~855~~582,119.9181 ~~983~~7,~~599~~781.9356 21,~~143~~745,~~712~~209.7280 Scheduled Interest ~~497~~493,~~800~~158.9601 ~~191~~187,~~372~~330.3726 ~~356~~346,~~040~~533.8496 Servicing Fees 22,~~671~~469.3143 11,~~375~~162.5190 13,~~562~~179.1742 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 4,~~287~~213.2489 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 ~~475~~470,~~129~~688.6558 ~~179~~176,~~996~~167.8636 ~~338~~329,~~191~~140.4365 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.~~253280~~251058 3.~~955796~~945377 4.~~736730~~730851

Group Level Collateral Statement Group Group II-3 Group II-4 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~977553~~977560 5.~~639644~~634202 5.~~031648~~027996 Weighted Average Net Rate 4.~~727553~~727560 5.~~387820~~382308 4.~~807159~~803335 Weighted Average Maturity 2625.00 ~~351~~350.00 ~~352~~351.00 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 77,~~458~~446.4871 ~~201~~193,~~825~~022.0273 2,~~519~~459,~~701~~015.4033 Beginning Loan Count 31 7169 1,~~175~~149 Loans Paid In Full 0 2 261 38 Ending Loan Count 3129 6968 1,~~149~~111 Beginning Scheduled Balance 16,~~523~~511,~~313~~278.7559 3937,~~082~~590,~~765~~335.4210 ~~530~~518,~~608~~012,~~512~~285.7994 Ending Scheduled Balance 1615,~~511~~103,~~278~~964.5977 37,~~590~~102,~~335~~385.1085 ~~518~~500,~~012~~542,~~285~~307.9434 Scheduled Principal 8,~~920~~958.4247 1816,~~147~~529.6177 ~~294~~288,~~838~~545.8573 Unscheduled Principal 31,~~114~~398,355.7435 1471,~~474,282~~419.7148 1217,~~301~~181,~~388~~432.0087 Scheduled Interest 68,~~538~~488.0624 ~~183~~176,~~677~~492.4196 2,~~224~~170,~~862~~469.5560 Servicing Fee 3,~~442~~439.3685 87,~~201~~890.6467 9996,~~262~~980.7892 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 Fry Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 12,~~470~~127.9094 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 65,~~095~~048.7039 ~~175~~168,~~475~~602.7729 2,~~113~~061,~~128~~360.8774 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 4.~~727553~~727560 5.~~387820~~382308 4.~~778956~~775240

Miscellaneous Reporting Group Group I-1 Avearge Loss Severity % Group I-1 0.000000% Senior Percentage Group I-1 95.~~325290~~097062% Senior Prep. Percentage Group I-1 100.000000% Subordinate Percentage Group I-1 4.~~674710~~902938% Subordinate Prep. Percentage Group I-1 0.000000% Group Group I-2 Avearge Loss Severity % Group I-2 0.000000% Senior Percentage Group I-2 9594.~~087406~~922881% Senior Prep. Percentage Group I-2 100.000000% Subordinate Percentage Group I-2 45.~~912594~~077119% Subordinate Prep. Percentage Group I-2 0.000000% Group Group I-3 Avearge Loss Severity % Group I-3 0.000000% Senior Percentage Group I-3 95.~~485197~~484892% Senior Prep. Percentage Group I-3 100.000000% Subordinate Percentage Group I-3 4.~~514803~~515108% Subordinate Prep. Percentage Group I-3 0.000000%

Miscellaneous Reporting Group Group I-4 Avearge Loss Severity % Group I-4 0.000000% Senior Percentage Group I-4 95.~~309284~~269476% Senior Prep. Percentage Group I-4 100.000000% Subordinate Percentage Group I-4 4.~~690716~~730524% Subordinate Prep. Percentage Group I-4 0.000000% Group Group II-1 Avearge Loss Severity % Group II-1 0.000000% Senior Percentage Group II-1 95.~~930991~~856296% Senior Prep. Percentage Group II-1 100.000000% Subordinate Percentage Group II-1 4.~~069009~~143704% Subordinate Prep. Percentage Group II-1 0.000000% Group Group II-2 Avearge Loss Severity % Group II-2 0.000000% Senior Percentage Group II-2 96.~~263823~~167890% Senior Prep. Percentage Group II-2 100.000000% Subordinate Percentage Group II-2 3.~~736177~~832110% Subordinate Prep. Percentage Group II-2 0.000000%

Miscellaneous Reporting Group Group II-3 Avearge Loss Severity % Group II-3 0.000000% Senior Percentage Group II-3 96.~~372716~~372032% Senior Prep. Percentage Group II-3 100.000000% Subordinate Percentage Group II-3 3.~~627284~~627968% Subordinate Prep. Percentage Group II-3 0.000000% Group Group II-4 Avearge Loss Severity % Group II-4 0.000000% Senior Percentage Group II-4 95.~~668953~~499090% Senior Prep. Percentage Group II-4 100.000000% Subordinate Percentage Group II-4 4.~~331047~~500910% Subordinate Prep. Percentage Group II-4 0.000000%

Group

Filing Compare · STRUCTURED ASSET MORT INV II INC BEAR STEARNS ARM TR 2004 2