8-K 1 aeg04001_dec.txt DECEMBER 8K 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 AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110187-01 54-2142310 Pooling and Servicing Agreement) (Commission 54-2142311 (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 AEGIS ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2004-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-1 Trust, relating to the December 27, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/5/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-1 Trust, relating to the December 27, 2004 distribution. EX-99.1

AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Record Date: 1011/2930/2004 Distribution Date: 1112/2627/2004 AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Series: 2004-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 00764MBC0 SEN 2.~~28250~~53000% ~~292~~272,~~611~~200,~~361~~850.3167 593,~~675~~019.9282 2023,~~410~~782,~~510~~505.6403 M1 00764MBD8 MEZ 2.~~61250~~86000% 35,000,000.00 8186,~~277~~197.7822 0.00 M2 00764MBE6 MEZ 3.~~28250~~53000% 28,750,000.00 8387,~~886~~392.1102 0.00 M3 00764MBF3 MEZ 3.~~48250~~73000% 7,500,000.00 2324,~~216~~089.6758 0.00 B1 00764MBG1 SUB 34.~~78250~~03000% 8,750,000.00 2930,~~419~~364.4493 0.00 B2 00764MBH9 SUB 34.~~93250~~18000% 7,500,000.00 26,~~216~~995.6783 0.00 B3 00764MBJ5 SUB 56.~~93250~~18000% 7,500,000.00 39,~~550~~912.0050 0.00 X AEG04001X SEN 0.00000% 12,500,315.16 1,~~457~~384,~~513~~006.9520 0.00 P AEG04001P SEN 0.00000% 100.00 ~~361~~269,~~365~~347.1073 0.00 R AEG0401R1 SEN 0.00000% 0.00 0.00 0.00 Totals ~~400~~379,~~111~~701,~~776~~265.4783 2,~~696~~541,~~121~~325.6483 2023,~~410~~782,~~510~~505.6403

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~272~~248,~~200~~418,~~850~~345.6764 2124,~~004~~375,~~186~~524.5685 0.00 M1 0.00 35,000,000.00 8186,~~277~~197.7822 0.00 M2 0.00 28,750,000.00 8387,~~886~~392.1102 0.00 M3 0.00 7,500,000.00 2324,~~216~~089.6758 0.00 B1 0.00 8,750,000.00 2930,~~419~~364.4493 0.00 B2 0.00 7,500,000.00 26,~~216~~995.6783 0.00 B3 0.00 7,500,000.00 39,~~550~~912.0050 0.00 X 0.00 12,500,315.16 1,~~457~~384,~~513~~006.9520 0.00 P 0.00 100.00 ~~361~~269,~~365~~347.1073 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~379~~355,~~701~~918,~~265~~760.8380 2326,~~106~~323,~~632~~830.2886 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 392,500,000.00 ~~292~~272,~~611~~200,~~361~~850.3167 0.00 2023,~~410~~782,~~510~~505.6403 0.00 0.00 M1 35,000,000.00 35,000,000.00 0.00 0.00 0.00 0.00 M2 28,750,000.00 28,750,000.00 0.00 0.00 0.00 0.00 M3 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 B1 8,750,000.00 8,750,000.00 0.00 0.00 0.00 0.00 B2 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 B3 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 X 12,512,506.31 12,500,315.16 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 500,012,606.31 ~~400~~379,~~111~~701,~~776~~265.4783 0.00 2023,~~410~~782,~~510~~505.6403 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 2023,~~410~~782,~~510~~505.6403 ~~272~~248,~~200~~418,~~850~~345.6764 0.~~69350535~~63291298 2023,~~410~~782,~~510~~505.6403 M1 0.00 35,000,000.00 1.00000000 0.00 M2 0.00 28,750,000.00 1.00000000 0.00 M3 0.00 7,500,000.00 1.00000000 0.00 B1 0.00 8,750,000.00 1.00000000 0.00 B2 0.00 7,500,000.00 1.00000000 0.00 B3 0.00 7,500,000.00 1.00000000 0.00 X 0.00 12,500,315.16 0.99902568 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 2023,~~410~~782,~~510~~505.6403 ~~379~~355,~~701~~918,~~265~~760.8380 0.~~75938339~~71181957 2023,~~410~~782,~~510~~505.6403

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 392,500,000.00 ~~745~~693.~~50665302~~50535203 0.00000000 5260.~~00130099~~59236950 0.00000000 M1 35,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 28,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 8,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 12,512,506.31 999.02568281 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 5260.~~00130099~~59236950 ~~693~~632.~~50535203~~91298252 0.~~69350535~~63291298 5260.~~00130099~~59236950 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.02568281 0.99902568 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 A 392,500,000.00 2.~~28250~~53000% ~~292~~272,~~611~~200,~~361~~850.3167 593,~~675~~019.9480 0.00 0.00 M1 35,000,000.00 2.~~61250~~86000% 35,000,000.00 8186,~~277~~197.7822 0.00 0.00 M2 28,750,000.00 3.~~28250~~53000% 28,750,000.00 8387,~~886~~392.1101 0.00 0.00 M3 7,500,000.00 3.~~48250~~73000% 7,500,000.00 2324,~~216~~089.6758 0.00 0.00 B1 8,750,000.00 34.~~78250~~03000% 8,750,000.00 2930,~~419~~364.4493 0.00 0.00 B2 7,500,000.00 34.~~93250~~18000% 7,500,000.00 26,~~216~~995.6783 0.00 0.00 B3 7,500,000.00 56.~~93250~~18000% 7,500,000.00 39,~~550~~912.0050 0.00 0.00 X 12,512,506.31 0.00000% 12,500,315.16 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 500,012,606.31 ~~877~~887,~~242~~971.6187 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 0.00 0.00 593,~~675~~019.9282 0.00 ~~272~~248,~~200~~418,~~850~~345.6764 M1 0.00 0.00 8186,~~277~~197.7822 0.00 35,000,000.00 M2 0.00 0.00 8387,~~886~~392.1102 0.00 28,750,000.00 M3 0.00 0.00 2324,~~216~~089.6758 0.00 7,500,000.00 B1 0.00 0.00 2930,~~419~~364.4493 0.00 8,750,000.00 B2 0.00 0.00 26,~~216~~995.6783 0.00 7,500,000.00 B3 0.00 0.00 39,~~550~~912.0050 0.00 7,500,000.00 X 0.00 0.00 1,~~457~~384,~~513~~006.9520 0.00 12,500,315.16 P 0.00 0.00 ~~361~~269,~~365~~347.1073 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~696~~541,~~121~~325.6483 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 392,500,000.00 2.~~28250~~53000% ~~745~~693.~~50665302~~50535203 1.~~51255017~~51087847 0.00000000 0.00000000 M1 35,000,000.00 2.~~61250~~86000% 1000.00000000 2.~~32222229~~46277771 0.00000000 0.00000000 M2 28,750,000.00 3.~~28250~~53000% 1000.00000000 23.~~91777774~~03972209 0.00000000 0.00000000 M3 7,500,000.00 3.~~48250~~73000% 1000.00000000 3.~~09555600~~21194400 0.00000000 0.00000000 B1 8,750,000.00 34.~~78250~~03000% 1000.00000000 3.~~36222171~~47027771 0.00000000 0.00000000 B2 7,500,000.00 34.~~93250~~18000% 1000.00000000 3.~~49555600~~59944400 0.00000000 0.00000000 B3 7,500,000.00 56.~~93250~~18000% 1000.00000000 5.~~27333333~~32166667 0.00000000 0.00000000 X 12,512,506.31 0.00000% 999.02568281 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 1.~~51255011~~51087852 0.00000000 ~~693~~632.~~50535203~~91298252 M1 0.00000000 0.00000000 2.~~32222229~~46277771 0.00000000 1000.00000000 M2 0.00000000 0.00000000 23.~~91777774~~03972243 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~09555600~~21194400 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.~~36222171~~47027771 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.~~49555600~~59944400 0.00000000 1000.00000000 B3 0.00000000 0.00000000 5.~~27333333~~32166667 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~116~~110.~~48457263~~60983033 0.00000000 999.02568281 P 0.00000000 0.00000000 ~~3613651~~2693477.~~00000000~~30000000 0.00000000 1000.00000000 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 2226,~~977~~227,~~706~~338.9835 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~203~~220,~~367~~213.0854 Realized Loss (Gains, Subsequent Expenses & Recoveries) (7923,~~601~~629.7873) Prepayment Penalties ~~361~~269,~~365~~347.1073 Total Deposits 2326,~~462~~693,~~837~~269.3889 Withdrawals Reimbursement for Servicer Advances ~~181~~203,~~205~~367.8508 Payment of Service Fee ~~174~~166,~~999~~071.2595 Payment of Interest and Principal 2326,~~106~~323,~~632~~830.2886 Total Withdrawals (Pool Distribution Amount) 2326,~~462~~693,~~837~~269.3889 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~166~~158,~~713~~208.2877 Credit Risk Manager Fee 54,~~001~~746.4026 Trustee Fee 3,~~284~~116.5792 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~174~~166,~~999~~071.2595

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 1.1118 1.1118 1,000.00 Financial Guaranty 0.00 0.00 0.00 0.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1415 0 0 1415 1,~~511~~602,~~999~~102.2380 0.00 0.00 1,~~511~~602,~~999~~102.2380 30 Days 8281 32 0 0 8583 910,~~364~~226,~~235~~254.2691 ~~401~~105,~~129~~983.8315 0.00 0.00 910,~~765~~332,~~365~~238.0906 60 Days 2621 23 26 0 30 31,~~001~~706,~~194~~868.5301 93368,~~241~~643.3302 ~~396~~1,~~221~~032,439.1667 0.00 3,~~490~~107,~~657~~950.0270 90 Days 117 32 1618 0 3027 ~~816~~502,~~399~~855.5423 ~~260~~110,~~738~~251.7207 12,~~829~~404,~~369~~229.9645 0.00 23,~~906~~017,~~508~~335.2275 120 Days 14 23 1316 1 1724 88266,~~780~~598.1181 ~~313~~256,~~897~~400.7427 1,~~835~~954,~~522~~980.0622 48222,~~313~~333.0748 2,~~286~~700,~~512~~312.9878 150 Days 0 24 1713 01 1918 0.00 ~~233~~535,~~023~~089.9426 21,~~589~~913,~~751~~976.6849 048,293.0083 2,~~822~~497,~~775~~359.6258 180+ Days 10 10 1932 32 3344 ~~22,295~~0.5800 1,~~690~~727,~~110~~020.0512 35,~~897~~799,~~076~~857.5976 1,~~115~~013,~~731~~666.7908 68,~~725~~540,~~214~~543.0196 Totals ~~121~~113 3639 6785 4 ~~228~~241 1312,~~292~~702,~~905~~576.0296 4,~~504~~705,~~140~~489.8469 1013,~~547~~105,~~941~~483.4559 1,~~164~~284,~~044~~293.8639 2931,~~509~~797,~~032~~843.1763 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.~~466045~~527983% 0.000000% 0.000000% 0.~~466045~~527983% 0.~~398208~~450132% 0.000000% 0.000000% 0.~~398208~~450132% 30 Days 2.~~729694~~851109% 0.~~099867~~070398% 0.000000% 0.000000% 2.~~829561~~921507% 2.~~466212~~873200% 0.~~105644~~029777% 0.000000% 0.000000% 2.~~571855~~902977% 60 Days 0.~~865513~~739176% 0.~~066578~~105597% 0.~~066578~~211193% 0.000000% 01.~~998668~~055966% 0.~~790410~~479567% 0.~~024557~~103575% 0.~~104351~~290077% 0.000000% 0.~~919317~~873219% 90 Days 0.~~366178~~246392% 0.~~099867~~070398% 0.~~532623~~633580% 0.000000% 0.~~998668~~950370% 0.~~215011~~141284% 0.~~068669~~030976% 0.~~481792~~675500% 0.000000% 0.~~765473~~847760% 120 Days 0.~~033289~~140795% 0.~~066578~~105597% 0.~~432756~~563182% 0.~~033289~~035199% 0.~~565912~~844773% 0.~~023382~~074904% 0.~~082670~~072039% 0.~~483412~~549277% 0.~~012724~~062467% 0.~~602188~~758688% 150 Days 0.000000% 0.~~066578~~140795% 0.~~565912~~457585% 0.~~000000~~035199% 0.~~632490~~633580% 0.000000% 0.~~061370~~150340% 0.~~682050~~537757% 0.~~000000~~013569% 0.~~743420~~701666% 180+ Days 0.~~033289~~000000% 0.~~332889~~351989% 01.~~632490~~126364% 0.~~099867~~070398% 1.~~098535~~548750% 0.~~005872~~000000% 0.~~445116~~485229% 1.~~026354~~629546% 0.~~293845~~284803% 12.~~771186~~399577% Totals 43.~~027963~~977473% 1.~~198402~~372756% 2.~~230360~~991904% 0.~~133156~~140795% 78.~~589880~~482929% 3.~~500886~~568955% 1.~~186233~~322069% 23.~~777959~~682157% 0.~~306569~~360839% 78.~~771646~~934020%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~203~~220,~~367~~213.0854

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 7.~~745670~~743937% Weighted Average Net Coupon 7.~~245670~~243937% Weighted Average Pass-Through Rate 7.~~241050~~254990% Weighted Average Maturity (Stepdown Calculation ) ~~338~~337 Beginning Scheduled Collateral Loan Count 3,~~144~~004 Number Of Loans Paid In Full ~~140~~163 Ending Scheduled Collateral Loan Count 32,~~004~~841 Beginning Scheduled Collateral Balance ~~400~~379,~~111~~701,~~676~~165.4783 Ending Scheduled Collateral Balance ~~379~~355,~~701~~918,~~165~~660.8380 Ending Actual Collateral Balance at 2930-~~Oct~~Nov-2004 ~~379~~355,~~701~~918,~~165~~660.8380 Monthly P &I Constant 2,~~950~~803,~~101~~357.2487 Special Servicing Fee 0.00 Prepayment Penalties ~~361~~269,~~365~~347.1073 Realized Loss Amount 7923,~~601~~629.7873 Cumulative Realized Loss ~~186~~209,~~164~~793.1790 Ending Scheduled Balance for Premium Loans ~~379~~355,~~701~~918,~~165~~660.8380 Scheduled Principal ~~367~~353,~~490~~039.4368 Unscheduled Principal 2023,~~043~~429,~~020~~465.2135

Miscellaneous Reporting LIBOR Index Rate 12.~~932500~~180000% Overcollateralization Deficiency Amount 7923,~~601~~629.7974 Overcollateralization Release Amount 0.00 Target Overcollateralization Amount 12,500,315.16

Filing Compare · AEGIS ASSET BACKED SEC TR MORT PASS THR CERT SER 2004 1